American Business Cycle Volatility in Historical Perspective: Revised Estimates of Real GDP, 1869-1913

Mark Siegler

Department of Economics Working Papers from Department of Economics, Williams College

Abstract: This paper examines the magnitude and timing of American business cycles from 1869 to 1928, with particular emphasis on the pre-World War I period. A new real output series is constructed which resurrects the conclusion that pre-World War I business cycles were twice as severe as post-World War II business cycles.

Keywords: BUSINESS CYCLES; ECONOMIC HISTORY; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E32 N11 (search for similar items in EconPapers)
Pages: 46 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:wil:wileco:184

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