What do the new data tell us?

Barry Eichengreen, Kevin H O’Rourke, 8 March 2010

This column updates the original Vox columns by Barry Eichengreen and Kevin O’Rourke comparing today’s global crisis to the Great Depression. The three previous columns have shattered all Vox readership records with over 450,000 views. This latest edition covers up to February 2010 showing that, while there is cause for optimism, there is no room for complacency.

Editor's Note: This column updates the original Vox columns by Barry Eichengreen and Kevin O’Rourke comparing today’s global financial crisis to the Great Depression. The previous columns have shattered all Vox readership records with over 450,000 views (O’Rourke and Eichengreen 2009).

Topics: Global crisis
Tags: Depression, global crisis, global crisis debate, global output, Great Depression, tale of two depressions, world trade

Read more
778505 reads

Most Read

Fiscal consolidation: At what speed?Blanchard, Leigh
Public debt and economic growth, one more timePanizza, Presbitero
Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
The lessons of the North Atlantic crisis for economic theory and policyStiglitz
Do entrepreneurs matter?Becker, Hvide

A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
Eurozone breakup would trigger the mother of all financial crisesEichengreen
Debt, deleveraging, and the liquidity trap: A new modelKrugman
Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji

Vox Talks

The Battle of Bretton Woods

Steil, 29 April 2013

Listen | Open Player

Vox eBooks

Is inflation targeting dead? Central Banking After the Crisis

Reichlin, Baldwin, 14 April 2013

Don't Miss

Escaping liquidity traps: Lessons from the UK’s 1930s escape

Crafts

Rethinking macroeconomic policy

Blanchard

The lessons of the North Atlantic crisis for economic theory and policy

Stiglitz

The cat in the tree and further observations: Rethinking macroeconomic policy

Akerlof

Preventing the next catastrophe: Where do we stand?

Romer

Fiscal consolidation: At what speed?

Blanchard, Leigh

Is inflation targeting dead? Central Banking After the Crisis

Reichlin, Baldwin

CEPR Policy Research

Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
Income and schoolingBrückner, Gradstein
Monetary Policy and Rational Asset Price BubblesGalí
Does Supporting Passenger Railways Reduce Road Traffic Externalities?Lalive, Luechinger, Schmutzler