作者:Claremont Colleges; Claremont Graduate University; Claremont McKenna College
作者:University of London; London School Economics & Political Science
作者:Research Institute of Industrial Economics (IFN); Stockholm School of Economics; Stockholm University; Stockholm University; Research Institute of Industrial Economics (IFN)
作者:University of California System; University of California Irvine
作者:University of California System; University of California Berkeley; Dartmouth College
摘要:The Great Depression was marked by a severe outbreak of protectionist trade policies. But contrary to the presumption that all countries scrambled to raise trade barriers, there was substantial cross-country variation in the movement to protectionism. Specifically, countries that remained on the gold standard resorted to tariffs, import quotas, and exchange controls to a greater extent than countries that went off gold. Just as the gold standard constraint on monetary policy is critical to und...