Joe P. (Economist, Economist, Board of Governors of the Federal Reserve System, Washington, DC) Mattey
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Joe P. (Economist, Economist, Board of Governors of the Federal Reserve System, Washington, DC) Mattey,
The Timber Bubble That Burst
Government Policy and the Bailout of 1984
Gebonden Engels 1991 9780195062755
Verwachte levertijd ongeveer 11 werkdagen
Samenvatting
In this book, Mattey studies the unusual movements in the price of federal timber over 1979-1981. Wide differentials between the price of timber, future contracts, and the price of delivered timber threw the Pacific Northwest into a recession in 1982-84 when timber buyers delayed harvests in order to postpone the realization of their losses on their contracts. Mattey shows that it was not so much the actions of the Federal Reserve - which was widely blamed for the crisis - but the actions of the buyers themselves that caused the recession.
Specificaties
ISBN13:9780195062755
Taal:Engels
Bindwijze:Gebonden
Aantal pagina's:118
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