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A Heliocentric Journey into Germany's Great Depression

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  • Mark Weder

    ()
    (School of Economics, University of Adelaide)

Abstract

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 to sunspots.

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File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2005-13.pdf
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Bibliographic Info

Paper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 2005-13.

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Length: 34 pages
Date of creation: 2005
Date of revision:
Handle: RePEc:adl:wpaper:2005-13

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Postal: Adelaide SA 5005
Phone: (618) 8303 5540
Web page: http://www.economics.adelaide.edu.au/
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Related research

Keywords: sunspots; Great Depression; Germany; Temin (1971);

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References

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  4. Weder, Mark, 2003. "A Heliocentric Journey into Germany´s Great Depression," SFB 373 Discussion Papers 2003,50, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
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Cited by:
  1. Mark Weder, 2006. "A heliocentric journey into Germany's Great Depression," Oxford Economic Papers, Oxford University Press, vol. 58(2), pages 288-316, April.

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