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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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Journal of Economic History

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August 9, 2011
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