Christina D. Romer

3 weeks ago | britannica.com | Christina D. Romer |Richard H. Pells

The Great Depression was a worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.

Sep 25, 2024 | brookings.edu | William English |Brian Sack |Charles Evans |Christina D. Romer

Editor's note: The paper summarized here is part of the fall 2024 edition of the Brookings Papers on Economic Activity, the leading conference series and journal in economics for timely, cutting-edge research about real-world policy issues. Research findings are presented in a clear and accessible style to maximize their impact on economic understanding and policymaking. The editors are Brookings Nonresident Senior Fellows Janice Eberly and Jón Steinsson.