Recent great depressions: Aggregate growth in New Zealand and Switzerland, 1973–2000

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• Timothy J. Kehoe and Kim J. Ruhl, University of Minnesota and Federal Reserve Bank of Minneapolis. We have greatly benefited from the discussions surrounding the “Great Depressions: New Zealand and Switzerland in the Late Twentieth Century” workshop at Victoria University of Wellington, February 2002. We are also grateful to seminar participants at the New Zealand Institute of Economic Research and the University of Auckland. We would like to thank Phillip Bishop, Phil Briggs, Stephen Burnell, Brian Easton, Tim Hazledine, Ralph Lattimore, John McDermott, Andrew Philpott, Dennis Rose, and Mark Walton for insightful discussion and valuable references. We also thank two anonymous referees for helpful comments. The data used in this paper are available at http://www.econ.umn.edu/∼tkehoe/. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.
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