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A Heliocentric Journey into Germany´s Great Depression

The paper finds empirical evidence on the ripple effect of sunspots on the interwar German economy. It identifies a sequence of negative shocks to expectations for the 1927 to 1932 period. The artificial 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.
Year of publication:
2003
Authors: Weder, Mark
Institutions: Sonderforschungsbereich 373, Quantifikation und Simulation ökonomischer Prozesse, Wirtschaftswissenschaftliche Fakultät
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
Number 2003,50
Source:
Persistent link: https://www.econbiz.de/10010983800
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