Monetary and Fiscal Policy in Interwar Germany. A Narrative Approach

Prof. Dr. Albrecht Ritschl, Department of Economic History, London School of Economics

13. Jun 2019


Center for Financial Studies, House of Finance, Goethe University Frankfurt

Zur Veranstaltung

CFS Lecture (jointly organized by the Center for Financial Studies and the Institute for Banking and Financial History (IBF)

German fiscal and monetary policy across the interwar depression was characterized by both exogenous regime changes and paradigm shifts in the approach to macroeconomic policy. Alternative narrative identification assumptions are employed in a local projection approach to assess the relative importance of these two factors.


Prof. Dr. Albrecht Ritschl
Albrecht Ritschl, born in Munich/Germany in 1959, is Professor of Economic History at the London School of Economics and a fellow at the Centre for Economic Policy Research (CEPR). He was previously Professor of Economics at Humboldt University of Berlin, at the University of Zurich, and Associate Professor of Economics at Universitat Pompeu Fabra. He has published extensively on German economic history in the 20th century, with a focus on the Great Depression and the 1930s. He received wide press coverage for his warnings against an overly strict approach towards the Greek debt problem. Ritschl coordinated a collaborative research project on the history of Germany’s economic ministry since 1918, and is currently lead researcher in a similar project on the history of the Reichsbank and the Bundesbank.


House of Finance, Room E.22, Goethe University, Campus Westend, Theodor-W.-Adorno-Platz 3, D-60323 Frankfurt am Main

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Program (PDF, 220 KB)

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