The End of One Big Deflation. Peter Temin and Barrie A. Wigmore. Introduction. Explanation for the US recovery from the Great Depression in the second quarter of 1933 Explanation relies on Sargent’s (1983) model of changes in policy regimes
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Peter Temin and Barrie A. Wigmore
National Industrial Recovery act anticipated higher costs and prices which led to a rise in the money supply
Producer Price Index