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.
منابع مشابه
www.econstor.eu 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. ¤Deep bows to Larry Chri...
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