The Estimation of Prewar GNP Volatility, 1869-1938
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New evidence is provided to assess the recent controversy regarding the volatility of real economic activity before 1929 relative to the period since World War II. Some recent work claims that the longstanding stylized fact of greater prewar volatility is "spurious". In contrast, this paper
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美国国家经济研究局创建时间：
1986-08-01
