Case | HBS Case Collection | November 2012 (Revised April 2013)

Perspectives on the Great Depression

by Julio J. Rotemberg

Abstract

The case assembles texts giving perspectives on the Great Depression by Franklin Delano Roosevelt, John Maynard Keynes, Milton Friedman, Anna Schwartz and Ben Bernanke. This should allow for a discussion of the role of fiscal and monetary policies in reaching and escaping outcomes in which the interest rate is close to zero for a long time.

Keywords: Great Depression; Keynesian multiplier; monetary policy; zero lower bound of interest rates; role of expectations in Macroeconomics; Performance Expectations; History; Policy; Interest Rates; Macroeconomics;

Citation:

Rotemberg, Julio J. "Perspectives on the Great Depression." Harvard Business School Case 713-056, November 2012. (Revised April 2013.)