Changes in the Recession Behavior of Wholesale Prices: The 1920s and Post World War II / Phillip Cagan.

Format:

Book

Author/Creator:

Cagan, Phillip.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w0035.

NBER working paper series no. w0035

Language:

English

Subjects (All):

Wholesale trade.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Changes in the Recession Behavior of Wholesale Prices

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1974.

Cambridge, Mass. : National Bureau of Economic Research, 1974.

Summary:

The present study examines the recession behavior of wholesale prices since World War II and compares it with the 1920s as the most recent period of earlier recessions with comparable severity. The focus is on changes in recession behavior, possible bias in the data, and differences in behavior between various groups of wholesale prices. (Differences between wholesale and consumer prices, though of importance, are not examined here.) The purpose is to extend the evidence on the degree and uniformity of the change in price behavior and to test various interpretations of those changes.

Notes:

Print version record

March 1974.