A Heliocentric Journey into Germany's Great Depression

Posted: 29 Feb 2008  

Mark Weder

University of Adelaide - School of Economics

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

Suggested Citation

Weder, Mark, A Heliocentric Journey into Germany's Great Depression. Oxford Economic Papers, Vol. 58, No. 2, pp. 288-316, 2006. Available at SSRN: https://ssrn.com/abstract=916858

Mark Weder (Contact Author)

University of Adelaide - School of Economics ( email )

233 North Terrace
Adelaide, South Australia
Australia

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