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Author : Alvin Harvey Hansen
Publisher :
Page : 126 pages
File Size : 32,80 MB
Release : 1921
Category : Economic history
ISBN :
Author : Alvin Harvey Hansen
Publisher :
Page : 114 pages
File Size : 12,25 MB
Release : 2019-08-19
Category :
ISBN : 9781687348098
This monograph attempts two things: first, a detailed analysis of monthly data for a single cycle of prosperity and depression; second, a comparative analysis of monthly data in the three great industrial nations of the world, the United States, Great Britain and Germany. The secular and seasonal fluctuations are eliminated, for the work is concerned with cyclical fluctuations. The method used is to construct relative or index numbers from the actual data by using a new base for each of the twelve months of the year. The average of the actual figures for each January in the seven-year period is used as the base for January data, the average of the actual figures for the seven Februarys is used as the base for February data, and so on. The author selected twenty-three series of monthly data for the United States, fifteen for Great Britain, and fifteen for Germany. The Pearsonian coefficient was used to establish correlation, and to determine whether the series are synchronous or whether there is a lag, and if so how much of a lag. To test the relative position of each series in the cycle of prosperity and depression, a large number of correlations were worked out. Three main groups were finally selected, the Investment, Industrial, and Banking Groups.The author's groupings in the business cycle differ from those of Brookmire, Babson, and Professor Pearsons. This part of the study will interest students of business statistics and those who follow the reports of the above mentioned statistical services.In the fourth chapter the author reviews the various theories of prosperity cycles and then concludes with the statement: "The analysis of monthly data presented in the foregoing pages would indicate the following points: "1. That the first movement in the prosperity cycle begins with reserves, loans, deposits and money rates."2. That the movement of reserves, loans, deposits and money rates is the causal factor working out its influence on stock and bond prices, transactions on the stock exchange, bank clearings, business failures, building, employment, production, imports and exports, prices and profits."The monograph contains twelve charts and eleven tables and a bibliography. The work is a distinct contribution to economic statistics and will be useful to students of economics and business men who are interested in business forecasting.-"The South Atlantic Quarterly," Volume 21 [1922]
Author : Alvin Harvey Hansen
Publisher : Forgotten Books
Page : 118 pages
File Size : 28,18 MB
Release : 2017-11-21
Category : Business & Economics
ISBN : 9780331600667
Excerpt from Cycles of Prosperity and Depression in the United States, Great Britain and Germany: A Study of Monthly Data, 1902 1908 Germany suffered from depression in 1902. Crops were rather poor, and general business continued at a low ebb as in the preceding year. The stock market tended downward. Reserves were plentiful and money rates were very low throughout the year. Slight depression ruled on the whole in the United States in 1903. Crops were good but not as large as in 1902. Iron and steel production declined heavily toward the end of the year though the total for the year was good. Unemployment increased somewhat. Stock prices dropped severely, resulting in heavy liquidation and bankruptcies. Interest rates ruled high, loans were extremely hard to float and short time loans were resorted to. Funds borrowed abroad were recalled by Europeans. This forced the banks in turn to recall loans, which in turn compelled the borrower to dispose of his securi ties. New capital for industrials or railroads could not be secured by the flotation of securities and hence retrenchment was the policy pursued. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author : Alvin Hansen
Publisher : Independently Published
Page : 112 pages
File Size : 20,58 MB
Release : 2018-10-31
Category :
ISBN : 9781730704659
This monograph attempts two things: first, a detailed analysis of monthly data for a single cycle of prosperity and depression; second, a comparative analysis of monthly data in the three great industrial nations of the world, the United States, Great Britain, and Germany. The secular and seasonal fluctuations are eliminated, for the work is concerned with cyclical fluctuations. The method used is to construct relative or index numbers from the actual data by using a new base for each of the twelve months of the year. The average of the actual figures for each January in the seven-year period is used as the base for January data, the average of the actual figures for the seven Februarys is used as the base for February data, and so on. The author selected twenty-three series of monthly data for the United States, fifteen for Great Britain, and fifteen for Germany. The Pearsonian coefficient was used to establish correlation, and to determine whether the series are synchronous or whether there is a lag, and if so how much of a lag. To test the relative position of each series in the cycle of prosperity and depression, a large number of correlations were worked out. Three main groups were finally selected, the Investment, Industrial, and Banking Groups. The author's groupings in the business cycle differ from those of Brookmire, Babson, and Professor Pearsons. This part of the study will interest students of business statistics and those who follow the reports of the above mentioned statistical services. In the fourth chapter the author reviews the various theories of prosperity cycles and then concludes with the statement: "The analysis of monthly data presented in the foregoing pages would indicate the following points: "1. That the first movement in the prosperity cycle begins with reserves, loans, deposits and money rates. "2. That the movement of reserves, loans, deposits and money rates is the causal factor working out its influence on stock and bond prices, transactions on the stock exchange, bank clearings, business failures, building, employment, production, imports and exports, prices and profits." The monograph contains twelve charts and eleven tables and a bibliography. The work is a distinct contribution to economic statistics and will be useful to students of economics and business men who are interested in business forecasting. --The South Atlantic Quarterly, Volume 21 [1922]
Author : Alvin H. 1887-1975 Hansen
Publisher : Palala Press
Page : 124 pages
File Size : 50,90 MB
Release : 2016-04-22
Category :
ISBN : 9781354275344
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author : Alvin Harvey Hansen
Publisher :
Page : 114 pages
File Size : 21,22 MB
Release : 2019-05-23
Category :
ISBN : 9781099842269
This monograph attempts two things: first, a detailed analysis of monthly data for a single cycle of prosperity and depression; second, a comparative analysis of monthly data in the three great industrial nations of the world, the United States, Great Britain and Germany. The secular and seasonal fluctuations are eliminated, for the work is concerned with cyclical fluctuations. The method used is to construct relative or index numbers from the actual data by using a new base for each of the twelve months of the year. The average of the actual figures for each January in the seven-year period is used as the base for January data, the average of the actual figures for the seven Februarys is used as the base for February data, and so on. The author selected twenty-three series of monthly data for the United States, fifteen for Great Britain, and fifteen for Germany. The Pearsonian coefficient was used to establish correlation, and to determine whether the series are synchronous or whether there is a lag, and if so how much of a lag. To test the relative position of each series in the cycle of prosperity and depression, a large number of correlations were worked out. Three main groups were finally selected, the Investment, Industrial, and Banking Groups.The author's groupings in the business cycle differ from those of Brookmire, Babson, and Professor Pearsons. This part of the study will interest students of business statistics and those who follow the reports of the above mentioned statistical services.In the fourth chapter the author reviews the various theories of prosperity cycles and then concludes with the statement: "The analysis of monthly data presented in the foregoing pages would indicate the following points: "1. That the first movement in the prosperity cycle begins with reserves, loans, deposits and money rates."2. That the movement of reserves, loans, deposits and money rates is the causal factor working out its influence on stock and bond prices, transactions on the stock exchange, bank clearings, business failures, building, employment, production, imports and exports, prices and profits."The monograph contains twelve charts and eleven tables and a bibliography. The work is a distinct contribution to economic statistics and will be useful to students of economics and business men who are interested in business forecasting.-"The South Atlantic Quarterly," Volume 21
Author : Alvin Harvey Hansen
Publisher : Palala Press
Page : 120 pages
File Size : 33,14 MB
Release : 2015-09-12
Category :
ISBN : 9781342501806
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author : Alvin Harvey 1887 Hansen
Publisher : Wentworth Press
Page : 122 pages
File Size : 17,27 MB
Release : 2016-08-25
Category : History
ISBN : 9781361676332
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author : Alvin Harvey Hansen
Publisher :
Page : 116 pages
File Size : 20,72 MB
Release : 2009-03
Category :
ISBN : 9781104113704
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
Author : Alvin Harvey Hansen
Publisher : Wentworth Press
Page : 114 pages
File Size : 12,13 MB
Release : 2019-03-05
Category : Business & Economics
ISBN : 9780526926008
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.