Three Great Depressions in the World on Business Cycle History

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Other Title
  • 景気循環史からみた世界三大不況
  • ケイキ ジュンカンシ カラ ミタ セカイ サンダイ フキョウ

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Description

This paper examines the following phases of three great depressions in the world on business cycle history: the periodicity of business cycle seen from a historical point of view and differences in price variation between the prewar deflationary depression and the postwar inflationary depression. In addition, the forms and characteristics of three world major depressions―depression in Europe and America, the Great Depression, and the Heisei depression―are analyzed with a comment that a great depression consists of the plural number of regression and is caused by the outbreak and breakdown of bubble economy, an occurrence which has been seen at intervals of several decades.

Journal

  • 經濟學論叢

    經濟學論叢 57 (3), 29-53, 2006-03-20

    The Doshisha Economic Association

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