Tariffs and the Great Depression Revisited

  title={Tariffs and the Great Depression Revisited},
  author={Mario J. Crucini and James A. Kahn},
  journal={Federal Reserve Bank of New York Research Paper Series},
In this paper we revisit the issues addressed in Crucini and Kahn (1996) in the light of recent research on the Great Depression. In that paper we had argued that particular features of the Hawley-Smoot tariffs could have provided them with a stronger impact than conventional wisdom had held, and we described the magnitudes in a calibrated general equilibrium model. We suggested that while the tariffs could directly account for only a small part of the Great Depression, they nonetheless had a… Expand
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