The End of the Great Depression 1939-41: Policy Contributions and Fiscal Multipliers

By Robert J. Gordon, R. Krenn. 2010

150 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/18300e487795b05bcea21ec970f7c9299e8ddd3e

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In Economics and Econometrics

Citations in the corpus

Are Government Spending Multipliers Greater During Periods of Slack? Evidence from 20th Century Historical Data (2013, unknown): “Gordon and Krenn (2010) find that multipliers are larger before mid-1941 than after in their analysis of U.S. data from 1919 to 1953.”
Estimating Fiscal Multipliers: News From A Non‐linear World (2015, unknown): “4Gordon and Krenn (2010) argue that the 1939-1941 recovery from the Great Depression was largely due to scal spending. In such period, there was a considerable slack in the economy, spending increased (about 18 months before Pearl Harbor) while the interest rate remained roughly constant, and no ra”
Europe’s Hunger Games: Income Distribution, Cost Competitiveness and Crisis (2015, background): “Sources: For the USA: Gordon and Krenn (2010); for the UK: Mitchell et al.”
On Measuring the Effects of Fiscal Policy in Recessions (2011, unknown): “This point highlights a deeper issue: in many cases where the nonlinearities of DSGE 1Romer (1992) and Gordon and Krenn (2010) also discuss the relevance of the unemployment rate for the effects of fiscal policy in the Great Depression.”
Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach* (2012, background): “Meanwhile, Gordon and Krenn (2010) find that the early part of World War II spending had a large impact but this effect faded as the economy reached capacity constraints in key”
Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions (2014, unknown): “For output, the point estimates support the view (34)This might arise, for example, if unemployment leads to a higher labor supply elasticity (Hall, 2009) or because of tighter capacity constraints in booms (Gordon and Krenn, 2010).”
Fiscal Multipliers: Liquidity Traps and Currency Unions (2012, background): “Some authors [see e.g. Gordon and Krenn, 2010, Auerbach and Gorodnichenko, 2012] estimate substantially larger national multipliers during deep recessions, but the magnitude of these differential effects remains debated [see e.g. Barro and Redlick, 2009].”