Did technology shock drive the Great Depression?
Date: | 20 September 2016 |
![JEH, September 2016](/ggdc/blog/did-technology-shock-drive-the-great-depression_!attachment?c=images/blog-image-normal.jpg&id=240429214707)
Robert Inklaar, Herman de Jong and Reitze Gouma have published a note in the Journal of Economic History. In this paper, titled "A Note on Technology Shocks and the Great Depression", they argue that their own earlier work and a more recent contribution by Shingo Watanabe provide strong complementary evidence against the technology-driven Great Depression that is the hallmark of Real Business Cycle models.
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