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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. We show that a large class of models, including models with various frictions, are equivalent to a prototype growth ...
V. V. Chari+2 more
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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. Using the business cycle accounting framework of Chari, Kehoe and McGrattan (2005), we examine the factors that lead to the depression and the subsequent recovery in the 1990s.
Ahearne, Alan+2 more
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A heliocentric journey into Germany's Great Depression [PDF]
The paper …nds empirical evidence on the ripple eect of sunspots on the interwar German economy. It identi…es a sequence of negative shocks to expectations for the 1927 to 1932 period. The arti…cial econ- omy predicts the 1928-1932 depression and a long boom from 1933 onwards.
Mark Weder
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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
Gazap Üzümleri Romanına Büyük Buhran Odaklı Bir Yaklaşım
1929 yılında yaşanan Büyük Buhran yaklaşık on yıl boyunca Amerika Birleşik Devletleri başta olmak üzere bütün dünyayı etkilemiştir. 24 Ekim 1929 Perşembe günü Amerikan borsası dibe vurur. Bu sebeple bu tarih Kara Perşembe olarak anılır.
Mustafa Türkmenoğlu
doaj +1 more source
Photography and Folk Art at the Art Institute of Chicago: new models for exhibitions and scholarship [PDF]
In the 1930s, a surging interest in early American vernacular arts, collectively referred to as folk art, converged with major photographic documentation projects of the Great Depression.
Elizabeth McGoey, Elizabeth Siegel
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Housing and the Great Depression [PDF]
This paper considers the role of the real housing price in the Great Depression. More specifically, we examine structural stability of the relationship between the real housing price and real GDP per capita. We test for structural change in parameter values, using a sample of annual US data from 1890 to 1952.
Rangan Gupta+3 more
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Bernanke’s policy, as today’s global inflation demonstrates, was not beneficial for the economy of the Unites States as well as for the global financial system in the long run. Yes, in 2008–2009 it “plugged holes”, but in the long run it only accelerated
U. E. Mamytov
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The Great Depression in the United States from a Neoclassical Perspective
Can neoclassical theory account for the Great Depression in the United States—both the downturn in output between 1929 and 1933 and the recovery between 1934 and 1939? Yes and no. Given the large real and monetary shocks to the U.S.
Harold L. Cole, L. Ohanian
semanticscholar +1 more source
The steam-powered brewery Ignjat Bajloni & Sons 1888-1946 [PDF]
The steam-powered brewery Ignjat Bajloni & Sons was the second Belgrade brewery which modernised the production process by shifting from manual to steam power.
Lukić Nenad M.
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