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A Heliocentric Journey into Germany's Great DepressionMark WederUniversity of Adelaide - School of Economics Oxford Economic Papers, Vol. 58, No. 2, pp. 288-316, 2006 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 1927-32 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.
JEL Classification: E32, N14 Accepted Paper SeriesDate posted: February 29, 2008Suggested CitationContact Information
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