The Great Depression and the Great Depression - What's New Research Saying?

Recent research shows that recessions were not more frequent in the pre fed than the post fed period. Recoveries were also faster in the pre-fed period, with the average time peak to bottom taking only seven point seven months compared to ten point six months of the post world war two period. Maybe the fet has helped to reduce economic volatility,. But even that's not so. We've got recent research that finds the two periods before the fed and after the fed to be approximately equal in volatility. And some find the post fedperiod, in fact, to be more volatile, once faulty data are corrected for.