www.econstor.eu A Heliocentric Journey into Germany’s Great Depression
نویسنده
چکیده
The paper ...nds empirical evidence on the ripple e¤ect of sunspots on the interwar German economy. It identi...es a sequence of negative shocks to expectations for the 1927 to 1932 period. The arti...cial economy predicts the 1928-1932 depression and a long boom from 1933 onwards. Overall, a tangible fraction of interwar output volatility is attributed for by sunspots. ¤Deep bows to Larry Christiano, Sharon Harrison and Humboldt Brown Bag eaters for helpful discussions on the methods applied in this paper. Stephen Broadberry and Michael Burda provided detailed comments. All remaining errors are, of course, my own. A DFG Heisenberg Fellowship is gratefully acknowledged.
منابع مشابه
A Heliocentric Journey into Germany’s Great Depression
The paper ...nds empirical evidence on the ripple e¤ect of sunspots on the interwar German economy. It identi...es a sequence of negative shocks to expectations for the 1927 to 1932 period. The arti...cial economy predicts the 1928-1932 depression and a long boom from 1933 onwards. Overall, a tangible fraction of interwar output volatility is attributed for by sunspots.
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