13.06.2019 | 17.30 - 19.00 Uhr
Prof. Dr. Albrecht Ritschl, Department of Economic History, London School of Economics
Monetary and Fiscal Policy in Interwar Germany. A Narrative Approach
– in cooperation with the Institute for Banking and Financial History (IBF)
German fiscal and monetary policy across the interwar depression was characterized by both exogenous regime changes and paradigm shifts in the approach to macroeconomic policy. Alternative narrative identification assumptions are employed in a local projection approach to assess the relative importance of these two factors.