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A heliocentric journey into Germany's Great Depression

  • Mark Weder

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--32 period. The artificial economy predicts the 1928--32 depression and a long boom from 1933 onwards. Overall, a tangible fraction of interwar output volatility is attributed to sunspots. Copyright 2006, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/oep/gpi046
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Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 58 (2006)
Issue (Month): 2 (April)
Pages: 288-316

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Handle: RePEc:oup:oxecpp:v:58:y:2006:i:2:p:288-316
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