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来源类型Working Paper
规范类型报告
DOI10.3386/w14686
来源IDWorking Paper 14686
Harvests and Business Cycles in Nineteenth-Century America
Joseph H. Davis; Christopher Hanes; Paul W. Rhode
发表日期2009-01-29
出版年2009
语种英语
摘要Most major American industrial business cycles from around 1880 to the First World War were caused by fluctuations in the size of the cotton harvest due to economically exogenous factors such as weather. Wheat and corn harvests did not affect industrial production; nor did the cotton harvest before the late 1870s. The unique effect of the cotton harvest in this period can be explained as an essentially monetary phenomenon, the result of interactions between harvests, international gold flows and high-powered money demand under America's gold-standard regime of 1879-1914.
主题Macroeconomics ; Business Cycles ; History ; Macroeconomic History ; Other History
URLhttps://www.nber.org/papers/w14686
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/572362
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Joseph H. Davis,Christopher Hanes,Paul W. Rhode. Harvests and Business Cycles in Nineteenth-Century America. 2009.
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