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Consistent Output Series for the Antebellum and Postbellum Periods: Issues and Preliminary Results

Calomiris, Charles W.; Hanes, Christopher

Existing output series that cover both the antebellum and postbellum periods are inconsistent and unsuitable for comparing cyclical patterns across the nineteenth century. More consistent data show that output in cyclically sensitive sectors was no less, and probably more, volatile before the War Between the States than after it.

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Title
Journal of Economic History
DOI
https://doi.org/10.1017/S0022050700014558

More About This Work

Academic Units
Business
Published Here
August 9, 2011
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