Measuring the Onset of the Great Depression: Then and Now

Bryan Boulier, Herman Stekler and Jeremy Dutra
Additional contact information
Jeremy Dutra: The George Washington University

Indian Economic Review, 2001, vol. 36, issue 1, 137-151

Abstract: U.S. industrial production data published in 1929-30 show a steep drop in production from June to December 1929 and a substantial recovery by February 1930. Revised data used in recent analyses of the Great Depression show a smaller decline in 1929 and no recovery period. This paper identifies differences in seasonal patterns as an important source of the disparity in the time paths of production. A comparison of modern seasonal adjustment procedures applied to data available in 1929-30 with methods applied in 1929-30 shows that the historical methods provided misleading real time information to economic agents and decision makers.

JEL-codes: E37 N12 (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dse:indecr:v:36:y:2001:i:1:p:137-151

Ordering information: This journal article can be ordered from
http://www.ierdse.org/

Access Statistics for this article

Indian Economic Review is currently edited by Pami Dua (Editor) & Ram Singh (Associate Editor) and Sunil Kanwar

More articles in Indian Economic Review from Department of Economics, Delhi School of Economics University of Delhi, Delhi 110 007. Contact information at EDIRC.
Bibliographic data for series maintained by Pami Dua ().