A Tale of Two Recessions: Still not Finished?

by Barry Eichengreen and Kevin H O’Rourke, from Voxeu The debate over stimulus versus austerity continues unabated. This article shows that, while industrial production and trade recovered much more quickly than during the Great Depression, both series now appear to be slowing down. It suggests that, as St Augustine would have said had he been …

Right-wing Extremism and the Great Depression

by Alan de Bromhead, Barry Eichengreen and Kevin H O’Rourke at Voxeu The enduring global crisis is giving rise to fears that economic hard times will feed political extremism, as it did in the 1930s. This column suggests that the danger of political polarisation and extremism is greatest in countries with relatively recent histories of …