econ essay ( topic sheet )

“You must get your topic approved before writing your paper. 

The topic sheet should describe the question the paper will address and it should include some sources that you have already consulted.”--（by my professor)

Please choose one to write the topic sheet. 

 Topic #1:

The case for flexible exchange rates. Milton Friedman wrote a classic paper 1953 advocating flexible exchange rates. I have posted a paper by Harry Johnson 1969 and a paper by Dellas and Tavras 2017, both of which deal with Friedman’s arguments. You could take this topic in various directions. You could put the argument in historical context of the Bretton Woods system and explain how flexible rates would have made that system work better. Or you could consider what individual countries should do in the present world. In a world of high international capital mobility, are flexible exchange rates the only solution? What would a country have to do to make fixed exchange rates work?

 https://files.stlouisfed.org/files/htdocs/publications/review/69/06/Flexible_Jun1969.pdf

Top#2:

 What caused the Great Depression? I posted two papers on this topic, one by Christine Romer, the other by Peter Temin 

https://eml.berkeley.edu/~cromer/Reprints/The%20Nation%20in%20Depression.pdf

https://www.researchgate.net/publication/4730914_Transmission_of_the_Great_Depression