The following graph (on page 267) describes the collapse of exports 1929 -1932. From a Chilean perspective the magnitude of the drop is particularly impressive.
Tuesday, December 10, 2013
Impact of 1930´s depression on Chile´s Economy
Just re-read a chapter of Reinhart & Rogoff´s "This Time is Different: Eight Centuries of Financial Folly" (obviously I´m aware of the calculation errors, in my view it is still a tremendously valuable book).
The following graph (on page 267) describes the collapse of exports 1929 -1932. From a Chilean perspective the magnitude of the drop is particularly impressive.
The following graph (on page 267) describes the collapse of exports 1929 -1932. From a Chilean perspective the magnitude of the drop is particularly impressive.
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