The Causes of American Business Cycles: An Essay in Economic Historiography

Peter Temin ()

No 6692, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper surveys the causes of American business cycles for the century 1890 - 1990. Causes are taken to be exogenous shocks to a model with largely endogenous policy makers. Causes are classified as either real or monetary and domestic or foreign. All four causes were found to have led to cycles in the past century. This diversity was found in all time periods and for all size cycles. There were more domestic than foreign causes, confirming the relative independence of the American economy from external conditions. There were more real than monetary causes, conflicting with the popular view that monetary shocks are the source of most cycles.

Date: 1998-08
New Economics Papers: this item is included in nep-tid
Note: DAE ME EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

Published as Beyond Shocks, Fuhrer, Jeffery C. and Scott Schuh, eds., Boston: Federal Reserve Bank, June 1998.
Published as Peter Temin, 1998. "Causes of American business cycles: an essay in economic historiography," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, issue Jun, pages 37-64.

Downloads: (external link)
http://www.nber.org/papers/w6692.pdf (application/pdf)

Related works:
Journal Article: Causes of American business cycles: an essay in economic historiography (1998)
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:nbr:nberwo:6692

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w6692

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().