Journal Article
The current financial crisis: what should we learn from the great depressions of the 20th Century?
Fernandez de Cordoba, Gonzalo; Kehoe, Timothy J. (2009-05)
Essay from the 2008 Annual Report.
The Region , Volume 23 , Issue May , Pages 7-39

Report
The current financial crisis: what should we learn from the great depressions of the Twentieth Century?
Fernandez de Cordoba, Gonzalo; Kehoe, Timothy J. (2009)
Studying the experience of countries that have experienced great depressions during the twentieth century teaches us that massive public interventions in the economy to maintain employment and investment during a financial crisis can, if they distort incentives enough, lead to a great depression.
Staff Report , Paper 421