• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Norges Handelshøyskole
  • Department of Economics
  • Discussion papers (SAM)
  • View Item
  •   Home
  • Norges Handelshøyskole
  • Department of Economics
  • Discussion papers (SAM)
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Why was the Great Depression not so great in the Nordic countries? : economic policy and unemployment

Grytten, Ola Honningdal
Working paper
Thumbnail
View/Open
dp2006-24.pdf (97.54Kb)
URI
http://hdl.handle.net/11250/163304
Date
2006-08
Metadata
Show full item record
Collections
  • Discussion papers (SAM) [579]
Abstract
The present paper seeks to examine why the Nordic countries performed better than most

other Western countries during the 1930s, when they at the same time experienced high

unemployment levels. The conclusions drawn here are that the early abandonment of

gold and the adoption of a more inflationary monetary policy serve as the key explanation

to the relatively mild Nordic depression and the rapid recovery. However, the paradox of

persistently high unemployment remains. By international comparisons the paper shows

that these rather can be explained by a positive shift in labour supply than the scale of the

depression. The analysis in the paper also reveals that Sweden performed more like continental Europe in respect of both the depression and the labour market.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2006:24

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit