Similar Search Results

Was the U.S. Great Depression a Credit Boom Gone Wrong?

Postel-Vinay, Natacha - 2020

The US Great Depression was preceded by almost a decade of credit growth. This review paper suggests that the 1920s credit boom went through two phases: one, up to around 1927, when credit grew in concert with money; another one, from around 1928 to 1929, when credit grew faster than money....

Persistent link: https://www.econbiz.de/10012848726

Business cycle dynamics after the Great Recession : an extended Markov-Switching dynamic factor model

Doz, Catherine; Ferrara, Laurent; Pionnier, Pierre-Alain - 2020

need for macroeconomic forecasters to account for sudden and deep recessions, periods of higher macroeconomic volatility … Factor Model (MS-DFM) by incorporating two new features: switches in volatility and time-variation in trend GDP growth. First …, we show that volatility switches largely improve the detection of business cycle turning points in the low-volatility …

Persistent link: https://www.econbiz.de/10012227436

Essays on business cycle analysis and demography

Sarferaz, Samad - 2009

Persistent link: https://www.econbiz.de/10008811071

Business History > Piketty

Wright, Robert E. - 2015

Piketty's Capital in the 21st Century has attracted more attention than it perhaps deserves given that its main empirical claim, that wealth inequality is bound to occur in "capitalist" economies because the rate of return r is greater than the rate of economic growth g (r g), is not rigorously...

Persistent link: https://www.econbiz.de/10014137599

Measuring Economic Downside Risk and Severity : Growth at Risk

Yao, James Yudong; Wang, Yan - 2005

Using Growth at Risk as a measure of downside growth risk, the authors find that higher perceived levels of downside growth risk seem to be negatively associated with long-term growth. Output collapses and crises are a fact of life. Severe economic downturns occur periodically and have grave...

Persistent link: https://www.econbiz.de/10014124889

Inflation Expectations and Recovery from the Depression in 1933 : Evidence from the Narrative Record

Jalil, Andrew - 2015

This paper uses the historical narrative record to determine whether inflation expectations shifted during the second quarter of 1933, precisely as the recovery from the Great Depression took hold. First, by examining the historical news record and the forecasts of contemporary business...

Persistent link: https://www.econbiz.de/10013023032

Inflation Expectations and Recovery from the Depression in 1933 : Evidence from the Narrative Record

Jalil, Andrew - 2015

Persistent link: https://www.econbiz.de/10013035070

Buried in the Vaults of Central Banks : Monetary Gold Hoarding and the Slide into the Great Depression

Karau, Sören - 2021

I study whether monetary gold hoarding was the main cause of the Great Depression in a structural VAR analysis. The notion that monetary forces played an important role in bringing about the depression is well established in the narrative literature, but has more recently met some skepticism by...

Persistent link: https://www.econbiz.de/10013249623

Buried in the vaults of central banks : monetary gold hoarding and the slide into the Great Depression

Karau, Sören - 2020 - This draft: October 2020

Persistent link: https://www.econbiz.de/10012405992

Inflation Expectations and Recovery from the Depression in 1933 : Evidence from the Narrative Record

Jalil, Andrew; Rua, Gisela - 2021

Persistent link: https://www.econbiz.de/10014088087