A Heliocentric Journey into Germany´s Great Depression

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.

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Year of publication:	2003
Authors:	Weder, Mark
Publisher:	Berlin : Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
Subject:	Wirtschaftskrise \| Sunspot \| Exogene Konjunkturtheorie \| Deutschland

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Series:	SFB 373 Discussion Paper ; 2003,50
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	379175665 [GVK] hdl:10419/22264 [Handle] RePEc:zbw:sfb373:200350 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010296485