A Heliocentric Journey into Germany's Great Depression

Mark Weder

No 4191, CEPR Discussion Papers from Centre for Economic Policy Research

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 1927-32 period. The artificial economy predicts the 1928-32 depression and a long boom from 1933 onwards. Overall, a tangible fraction of interwar output volatility is attributed for by sunspots.

Keywords: Indeterminacy; Great depression; Germany; Applied dynamic general equilibrium (search for similar items in EconPapers)
JEL-codes: E32 N14 (search for similar items in EconPapers)
Date: 2004-01
New Economics Papers: this item is included in nep-dge, nep-his and nep-mac
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: A heliocentric journey into Germany's Great Depression (2006)
Working Paper: A Heliocentric Journey into Germany's Great Depression (2005)
Working Paper: A Heliocentric Journey into Germany's Great Depression (2005)
Working Paper: A Heliocentric Journey into Germany's Great Depression (2004)
Working Paper: A Heliocentric Journey into Germany´s Great Depression (2003)
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