Why Was Monetary Policy So Inept?

Milton Friedman & Anna Jacobson Schwartz
Published Date
Copyright 1965
ISBN 0691003505
Book: The Great Contraction, 1929–33
Book authors: Milton Friedman & Anna J. Schwartz
PUBLISHER: Princeton University Press
Series: Studies in Business Cycles
Download Purchase Book
  • Milton Friedman and Anna Jacobson Schwartz, The Great Contraction, 1929–33 (Princeton University Press, 1965), chap. 7, https://www.nber.org/books-and-chapters/great-contraction-1929-33/why-was-monetary-policy-so-inept.

More from the NBER

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Health, and the Bulletin on Entrepreneurship — as well as online conference reports, video lectures, and interviews.

2025, 17th Annual Feldstein Lecture, N. Gregory Mankiw," The Fiscal Future"
2025, 17th Annual Feldstein Lecture, N. Gregory Mankiw," The Fiscal Future"
  • Feldstein Lecture
N. Gregory Mankiw, Robert M. Beren Professor of Economics at Harvard University, presented the 2025 Martin Feldstein...
2025 Methods Lecture, Raj Chetty, "Uncovering Causal Mechanisms: Mediation Analysis and Surrogate Indices"
2025, Methods Lecture, Raj Chetty and Kosuke Imai, "Uncovering Causal Mechanisms: Mediation Analysis and Surrogate Indices"
  • Methods Lectures
SlidesBackground materials on mediationImai, Kosuke, Dustin Tingley, and Teppei Yamamoto. (2013). “Experimental Designs...
2025 International Trade and Macroeconomics, "Panel on The Future of the Global Economy"
2025 International Trade and Macroeconomics, "Panel on The Future of the Global Economy"
  • Panel Discussion
Supported by the Alfred P. Sloan Foundation grant #G-2023-19633, the Lynde and Harry Bradley Foundation grant #20251294...