| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28055 |
| 来源ID | Working Paper 28055 |
| Farm Product Prices, Redistribution, and the Early U.S. Great Depression | |
| Joshua K. Hausman; Paul W. Rhode; Johannes F. Wieland | |
| 发表日期 | 2020-11-09 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We argue that falling farm product prices, incomes, and spending may explain 10-30 percent of the 1930 U.S. output decline. Crop prices collapsed, reducing farmers' incomes. And across U.S. states and Ohio counties, auto sales fell most in crop-growing areas. The large spending response may be explained by farmers' indebtedness. Reasonable assumptions about the marginal propensity to spend of farmers relative to nonfarmers and the pass-through of farm prices to retail prices imply that the collapse of farm product prices in 1930 was a powerful propagation mechanism worsening the Depression. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy ; History ; Macroeconomic History ; Other History ; Environmental and Resource Economics ; Agriculture |
| URL | https://www.nber.org/papers/w28055 |
| 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/585728 |
| 推荐引用方式 GB/T 7714 | Joshua K. Hausman,Paul W. Rhode,Johannes F. Wieland. Farm Product Prices, Redistribution, and the Early U.S. Great Depression. 2020. |
| 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 | ||
| w28055.pdf（598KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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