The timber bubble that burst : government policy and the bailout of 1984
著者
書誌事項
The timber bubble that burst : government policy and the bailout of 1984
Oxford University Press, 1990
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注記
Revision of thesis (Ph. D.)--University of California, Berkeley, 1988
Bibliography: p. 103-106
Includes index
内容説明・目次
内容説明
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.
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