IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v72y2012i02p289-307_00.html
   My bibliography  Save this article

Economic History and Economic Policy

Author

Listed:
  • EICHENGREEN, BARRY

Abstract

“The lessons of history†were widely invoked in 2008/09 as analysts and policymakers sought to make sense of the global financial crisis. Specifically, analogies with the early stages of the Great Depression of the 1930s were widely drawn. Building on work in cognitive science and literature on foreign policy making, this article seeks to account for the influence of this particular historical analogy and asks how it shaped both perceptions and the economic policy response. It asks how historical scholarship might be better organized to inform the process of economic policymaking. It concludes with some reflections on how research in economic history will be reshaped by the crisis.

Suggested Citation

  • Eichengreen, Barry, 2012. "Economic History and Economic Policy," The Journal of Economic History, Cambridge University Press, vol. 72(2), pages 289-307, May.
    • Handle: RePEc:cup:jechis:v:72:y:2012:i:02:p:289-307_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050712000034/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Scott Newton, 2013. "The two sterling crises of 1964: a reply to Oliver," Economic History Review, Economic History Society, vol. 66(4), pages 1127-1133, November.
    2. Johan Fourie, 2019. "Who Writes African Economic History?," Economic History of Developing Regions, Taylor & Francis Journals, vol. 34(2), pages 111-131, May.
    3. Pamfili Antipa & Vincent Bignon, 2018. "Whither Economic History? Between Narratives and Quantification," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 17-36.
    4. Richard S.Grossman, 2016. "Banking Crises," Wesleyan Economics Working Papers 2016-001, Wesleyan University, Department of Economics.
    5. C. Knick Harley, 2013. "British and European Industrialization," Oxford Economic and Social History Working Papers _111, University of Oxford, Department of Economics.
    6. Emmanuel Carré & Guillaume L’Œillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 271-290.
    7. repec:hal:wpspec:info:hdl:2441/3333juqsbl8k6qn6kl3c2nkjtt is not listed on IDEAS
    8. C Knick Harley, 2013. "British and European Industrialization," Oxford University Economic and Social History Series _111, Economics Group, Nuffield College, University of Oxford.
    9. Doran, Áine & Colvin, Christopher L. & McLaughlin, Eoin, 2024. "What can we learn from historical pandemics? A systematic review of the literature," Social Science & Medicine, Elsevier, vol. 342(C).
    10. O'Sullivan, Mary, 2019. "Past meets present in policymaking: The Federal Reserve and the U.S. money market, 1913-1929," Working Papers unige:121790, University of Geneva, Paul Bairoch Institute of Economic History.
    11. Colvin, Christopher L. & McLaughlin, Eoin, 2021. "Death, demography and the denominator: Age-adjusted Influenza-18 mortality in Ireland," Economics & Human Biology, Elsevier, vol. 41(C).
    12. Ayse Kaya & Stephen Golub & Mark Kuperberg & Feng Lin, 2019. "The Federal Reserve'S Dual Mandate And The Inflation‐Unemployment Tradeoff," Contemporary Economic Policy, Western Economic Association International, vol. 37(4), pages 641-651, October.
    13. Enn Lun Yong, 2019. "Unemployment and the European Union, 2000–2017: structural exploration of distant past economic experience and future prosperity," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-21, December.
    14. Abildgren, Kim, 2014. "Far out in the tails – The historical distributions of macro-financial risk factors in Denmark," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2014(1), pages 1-31.
    15. Colvin, Christopher L. & McLaughlin, Eoin, 2020. "Death, demography and the denominator: New Influenza-18 mortality estimates for Ireland," SRERC Working Paper Series SRERCWP2020-2, University College Cork (UCC), Spatial and Regional Economic Research Centre (SRERC).
    16. Emmanuel Carré & Guillaume L’œillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 161-180, March.
    17. Graham Brownlow, 2015. "Back to the failure: an analytic narrative of the De Lorean debacle," Business History, Taylor & Francis Journals, vol. 57(1), pages 156-181, January.
    18. repec:hal:spmain:info:hdl:2441/3333juqsbl8k6qn6kl3c2nkjtt is not listed on IDEAS
    19. Bhushan Praveen Jangam & Hari Venkatesh, 2022. "Global Value Chains and Exchange Rate Disconnect," Economic Papers, The Economic Society of Australia, vol. 41(4), pages 347-359, December.
    20. Pamfili Antipa & Vincent Bignon, 2018. "Whither Economic History? Between Narratives and Quantification," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 17-36.
    21. repec:hal:spmain:info:hdl:2441/4ithmorhr18kq90pu8cm6fv3ad is not listed on IDEAS
    22. Rieder, Kilian, 2022. "Monetary policy decision-making by committee: Why, when and how it can work," European Journal of Political Economy, Elsevier, vol. 72(C).
    23. Ran Abramitzky, 2015. "Economics and the Modern Economic Historian," NBER Working Papers 21636, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:72:y:2012:i:02:p:289-307_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jeh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.