| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4515 |
| 来源ID | Working Paper 4515 |
| A Small Open Economy in Depression: Lessons from Canada in the 1930s | |
| Caroline M. Betts; Michael D. Bordo; Angela Redish | |
| 发表日期 | 1993-11-01 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | This paper tests the hypothesis that idiosyncratic U.S. disturbances and their international propagation can account for the global Depression. Exploiting common stochastic trends in U.S. and Canadian interwar data, we estimate a small open economy model for Canada that decomposes output fluctuations into sources identifiable with world and country-specific disturbances. We find that the onset, depth and duration of output collapse in both Canada and the U.S. are primarily attributable to a common, permanent output shock leaving little significant role for idiosyncratic disturbances originating in either economy. |
| 主题 | Macroeconomics ; Business Cycles ; History ; Macroeconomic History |
| URL | https://www.nber.org/papers/w4515 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561895 |
| 推荐引用方式 GB/T 7714 | Caroline M. Betts,Michael D. Bordo,Angela Redish. A Small Open Economy in Depression: Lessons from Canada in the 1930s. 1993. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4515.pdf（5698KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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