Some observations on the Great Depression in Germany
| dc.contributor.author | Weder, M. | |
| dc.date.issued | 2006 | |
| dc.description | The definitive version of this paper can be found at www.blackwell-synergy.com | |
| dc.description.abstract | This paper evaluates the role of preference shocks during the Great Depression in Germany. From Euler equation residuals, I am able to identify a series of contractionary shocks that struck the German economy from 1929 to 1932. I apply the sequence of these taste innovations to a dynamic general-equilibrium model and find that the size and the order of shocks can generate a pattern that can explain the lion's share of the decline in economic activity. The artificial economy also predicts a swift recovery after 1932, thereby questioning any significant effects of Nazi economic policy. | |
| dc.identifier.citation | German Economic Review, 2006; 7(1):113-133 | |
| dc.identifier.doi | 10.1111/j.1468-0475.2006.00149.x | |
| dc.identifier.issn | 1465-6485 | |
| dc.identifier.issn | 1468-0475 | |
| dc.identifier.uri | http://hdl.handle.net/2440/35183 | |
| dc.language.iso | en | |
| dc.publisher | Blackwell Publishing Ltd. | |
| dc.source.uri | http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0475.2006.00149.x | |
| dc.title | Some observations on the Great Depression in Germany | |
| dc.type | Journal article | |
| pubs.publication-status | Published |