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Tables of Contents for Recovery from the Depression
Chapter/Section Title
Page #
Page Count
List of Authors
List of Figures
vii
 
List of Tables
viii
 
Preface
xi
 
An Overview
1
32
R.G. Gregory
Introduction
1
1
The severity of the depression
2
12
Role of policy
14
9
Some observations on policy and the recovery process
23
5
Unemployment in Australia
28
2
Concluding remarks
30
3
The Australian Recovery of the 1930s in International Comparative Perspective
33
28
Barry Eichengreen
Introduction
33
2
Analytical framework
35
2
Australia's recovery in international comparative perspective
37
6
Mechanisms linking devaluation and recovery
43
10
Was recovery different in land-abundant primary-producing economies?
53
1
Repercussions of Australian devaluation
54
3
Conclusion
57
2
Appendix
59
2
The Recovery of the 1930s and Economic Policy in Britain
61
28
T.J. Hatton
Recovery process
61
20
Econometric findings
81
5
Conclusion
86
2
Appendix
88
1
A Macro Interpretation of Recovery: Australia and Canada
89
24
Alan G. Green
Gordon R. Sparks
Introduction
89
3
Canadian --- U.S. economic interactions
92
8
Australian/Canadian experiences compared
100
12
Conclusions
112
1
Depression and Recovery in New Zealand
113
23
G.R. Hawke
Depression in New Zealand
113
1
Government's response
114
7
Private sector problems
121
5
Private sector response
126
1
Unintended policy effects
127
4
Extent of response
131
3
Conclusion
134
2
The Japanese Economy and Economic Policy in the 1930s
136
16
Yasukichi Yasuba
The Battle of the Plans: A Macroeconometric Model of the Interwar Economy
152
21
T.J. Valentine
Introduction
152
1
The model
153
11
The plans
164
2
Alternative policies
166
4
Conclusion
170
3
Australian Budgetary Policies in the 1930s
173
20
J.J. Pincus
Introduction
173
4
Overall budget position
177
5
Taxation
182
1
Interest bill
182
3
Capital spending and borrowing
185
3
Prices, wage rates and employment in public enterprises
188
2
Conclusion
190
3
Monetary Policy in Depression and Recovery
193
24
M.W. Butlin
P.M. Boyce
Introduction
193
1
Monetary policy in the depression
194
14
Monetary policy in the recovery: 1932--36
208
7
Conclusion
215
2
Sharing the Burden: The Australian Labour Market During the 1930s
217
29
R.C. Gregory
V. Ho
L. McDermott
Introduction
217
2
Real wages, tribunals and market forces
219
12
Output, employment and unemployment
231
12
Conclusion
243
3
Manufacturing and Economic Recovery in Australia, 1932--1937
246
27
Mark Thomas
Introduction
246
1
Structure and change in the Australian economy, 1919--1938
246
2
Mechanism of recovery
248
1
Import substitution
249
6
Competitiveness of Australian manufacturing
255
5
Explaining the import share
260
9
Manufacturing in the domestic economy
269
1
Conclusion
270
3
Agriculture and the Recovery from the Depression
273
16
B.R. Davidson
Background
273
7
Why did farm production increase during the depression?
280
7
Conclusion
287
1
Appendix
288
1
Unemployment and the Australian Economic Recovery of the 1930s
289
22
C. Forster
Introduction
289
1
Level of unemployment
290
4
Keating's unemployment estimates
294
2
New unemployment estimates
296
3
Natural rate of unemployment
299
6
Labour shortages in the 1930s
305
2
1930s in recent perspective
307
2
Conclusion
309
2
Government Unemployment Relief in the 1930s: Aid or Hindrance to Recovery?
311
24
G.D. Snooks
Introduction
311
1
System of public unemployment relief
312
8
Putting the unemployed to work
320
8
Did unemployment relief aid recovery?
328
7
Unequal Sacrifice: Distributional Aspects of Depression and Recovery in Australia
335
22
Ian W. McLean
Introduction
335
1
Inequality in the slump
336
1
Income inequality in 1933
337
11
Inequality in the recovery
348
6
Conclusion
354
3
References
357
15
Index
372