|
EconStor >
Humboldt-Universität Berlin >
Sonderforschungsbereich 373: Quantification and Simulation of Economic Processes, Humboldt-Universität Berlin >
Discussion Papers, SFB 373, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/65334
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Harrison, Sharon G. | | en_US |
| dc.contributor.author | | Weder, Mark | | en_US |
| dc.date.accessioned | | 2012-10-19T10:24:36Z | | - |
| dc.date.available | | 2012-10-19T10:24:36Z | | - |
| dc.date.issued | | 2002 | | en_US |
| dc.identifier.pi | | urn:nbn:de:kobv:11-10048937 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/65334 | | - |
| dc.description.abstract | | We apply a dynamic general equilibrium model to the period of the Great Depression. In particular, we examine a modification of the real business cycle model in which the possibility of indeterminacy of equilibria arises. In other words, agents' self-fulfilling expectations can serve as a primary impulse behind fluctuations. We find that the model, driven only by these measured sunspot shocks, can explain well the entire Depression era. That is, the decline from 1929-1932, the subsequent slow recovery, and the recession that occurred in 1937-1938. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Humboldt-Universität Berlin | | en_US |
| dc.relation.ispartofseries | | Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2002,35 | | en_US |
| dc.subject.jel | | E32 | | en_US |
| dc.subject.jel | | N12 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Great Depression | | en_US |
| dc.subject.keyword | | Sunspots | | en_US |
| dc.subject.keyword | | Dynamic General Equilibrium | | en_US |
| dc.title | | Did sunspot cause the Great Depression? | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 726383627 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Discussion Papers, SFB 373, HU Berlin
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|