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Some Observations on the Great Depression in Germany Author info | Abstract | Publisher info | Download info | Related research | Statistics Mark Weder
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This paper evaluates the role of preference shocks during the Great Depression in Germany. From Euler equation residuals, I am able to identify a series of contractionary shocks that struck the German economy from 1929 to 1932. I apply the sequence of these taste innovations to a dynamic general-equilibrium model and find that the size and the order of shocks can generate a pattern that can explain the lion's share of the decline in economic activity. The artificial economy also predicts a swift recovery after 1932, thereby questioning any significant effects of Nazi economic policy. Copyright Verein für Socialpolitik and Blackwell Publishing Ltd. 2006.
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Article provided by Blackwell Publishing in its journal German Economic Review .
Volume (Year): 7 (2006)
Issue (Month): (02)
Pages: 113-133
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Handle: RePEc:bla:germec:v:7:y:2006:i::p:113-133Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=1465-6485
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Weder, Mark, 2004.
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Mark Weder, 2005.
"A Heliocentric Journey into Germany's Great Depression ,"
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"A Heliocentric Journey into Germany's Great Depression ,"
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