Trade, Exchange Rate Regimes and Output Co-Movement: Evidence from the Great Depression

Preprint OPEN
Gabriel P. Mathy; Christopher M. Meissner;
  • Subject:
    • jel: jel:E32 | jel:E42 | jel:F42 | jel:N1 | jel:N12 | jel:N14

A large body of cross-country empirical evidence identifies monetary policy and trade integration as key determinants of business cycle co-movement. Partially consistent with this, many argue that the re-emergence of the gold standard allowed for the global transmission... View more
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