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Accounting for the Great Depression [PDF]
Economists have offered many theories for the U.S. Great Depression, but no consensus has formed on the main forces behind it. Here we describe and demonstrate a simple methodology for determining which theories are the most promising.
Ellen R. McGrattan+2 more
core +7 more sources
The Effects of the Great Depression on Children’s Intergenerational Mobility [PDF]
This article examines the role of the Great Depression in shaping the intergenerational mobility of some of the most upwardly mobile cohorts of the twentieth century.
Martha J. Bailey+3 more
doaj +2 more sources
The Great Crash and the Onset of the Great Depression [PDF]
This paper argues that the collapse of stock prices in October 1929 generated temporary uncertainty about future income which led consumers to forgo purchases of durable goods. That the Great Crash generated uncertainty is evidenced by the decline in surety expressed by contemporary forecasters. That this uncertainty affected consumer behavior is shown
Christina Romer
openalex +3 more sources
Ireland's great depression [PDF]
We argue that Ireland experienced a great depression in the 1980s comparable in severity to the better known and more studied depression episodes of the interwar period.
Alan Ahearne+2 more
core +3 more sources
A Heliocentric Journey into Germany's Great Depression [PDF]
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.
Mark Weder
core +13 more sources
Labor productivity during the Great Depression [PDF]
In a recent paper, Bemanke and Parkinson (1991) studied interwar U.S. manufacturing data with the objective of assessing competing theories of the business cycle. An important finding was that short-run increasing returns to Labor (SRIRL), or procyclical
Michael D. Bordo, Charles L. Evans
openalex +3 more sources
The Great Depression and Output Persistence [PDF]
The persistence of shocks to aggregate output has been the subject of continuing investigation since Nelson and Plosser (1982) suggested they are largely permanent. Recent literature reaches mixed conclusions, largely due to disagreement about how to treat the Great Depression.
Charles Nelson, Christian J. Murray
core +3 more sources
From starvation to depression: unveiling the link between the great famine and late-life depression [PDF]
Background The Great Famine in China from 1959 to 1961 is recognized as one of the most severe social and public health disasters of the 20th century, with profound long-term impacts on the health of survivors, particularly on their mental health.
Lin Guo+7 more
doaj +2 more sources
The Great Depression Revisited [PDF]
The fateful days of the great stock market crash entered modem history almost 50 years ago to this day. The cyclic turning point of the U. S. economy oc curred, however, around June 1929, and economic activity receded substantial ly over the subsequent months. The onset of an economic downswing thus became clearly visible before the famous crash.
James L. Butkiewicz, Karl Brünner
openalex +3 more sources
The Impact of the Great Depression in Ecuador
This investigation started with an inquiry: did the Great Depression impact Latin America similarly? Does the case of Ecuador represent a point of dissimilarity? Ecuador does represent an atypical case in the region.
Cristian Paúl Naranjo Navas+2 more
doaj +4 more sources