Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22264 
Authors: 
Year of Publication: 
2003
Series/Report no.: 
SFB 373 Discussion Paper No. 2003,50
Publisher: 
Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes, Berlin
Abstract: 
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.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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