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| The course of the Great Depression Heinemeyer, Hans Christian |
| Haupttitel | The course of the Great Depression |
| Titelzusatz | a consistent business cycle dating approach |
| Autor | Heinemeyer, Hans Christian |
| Seitenzahl | 54 S. |
| Schriftenreihe | Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft ; 2007/14 : Volkswirtschaftliche Reihe |
| URL des Originaldokuments | URL >> |
| Fachbereich/Einrichtung | FB Wirtschaftswissenschaft |
| Erscheinungsjahr | 2007 |
| Dokumente | PDF-Datei
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| DDC | 330 Wirtschaft |
| Dokumententyp/-Sammlungen | Monographie/Text |
| Medientyp/Format | Text |
| Abstract | This study dates business cycles in 10 European countries, the United States, and Japan between 1925 and 1936. The aim is to establish a consistent dating of the world economic crisis, which is a precondition for understanding the sharp economic decline in many countries during the interwar period. Three approaches were applied that are common in business cycle dating. First, a deskriptive analysis infers on recessions based on the two-consecutive quarters approach often associated with the US National Bureau of Economic Research. Second, the time series is decomposed into trend and cycle using the Hodrick-Prescott (1980) filter. The third approach is to use Markov-regime switching models, which was proposed by Hamilton (1989) for such purposes. The results of confirm that the Great Depression was a global phenomenon, not limited to the US or Germany. Business cycle comovement in the interwar period is at a level comparable to the post- WWII period. This finding points at the contribution of international business cycle integration to the course of the decline in single countries. |
| Sprache | Englisch |
| Rechte | Nutzungsbedingungen |
| Identifier | 3-938369-62-0 (ISBN) |
| Zugriffstatistik | |
| Statische URL | http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000000209 |
| Erstellt am | 11.06.2008 - 11:13:43 |
| Letzte Änderung | 19.03.2013 - 11:55:13 |
