Gold rush fever in business cycles

Gold Rush Fever in Business Cycles

Gold rushes are periods of economic boom, generally associated with large increases in expenditures aimed at securing claims near new found veins of gold. An interesting aspect of gold rushes is that, from a social point of view, much of the increased activity is wasteful since it contributes mainly to the expansion of the stock of money. In this paper, we explore whether business cycle fluctua...

The GOLD Rush.

The Gold Rush (figure 1), a 1925 classic silent movie by Chaplin, depicted him in his trademark little tramp character as a lone prospector searching for the precious metal somewhere in Alaska. On 16 November 2011, the release of the current revision of the Global Initiative for Chronic Obstructive Lung Disease (GOLD) Executive Summary in Shanghai, China, just recently published elsewhere, gave...

The gold rush 1925-35.

Although from the time of Koch onwards there had been desultory experiments with a variety of gold preparations in the management of pulmonary tuberculosis, gold as a recognised and accepted treatment did not emerge until 1925. In that year Holger Mollgaard of Copenhagen introduced sanocrysin, a double thiosulphate of gold and sodium, with which he had conducted an extensive series of animal ex...

Still too early for the gold rush.

Business cycles in Iran: Evidence from asymmetry and correlated shocks

In this Paper, business cycle asymmetry in Iran has been investigated using a nonlinear unobserved component model. In this regard, according to Kim and Nelsonchr('39')s (1999) interpretation of Friedman plucking model (1993), asymmetric transitory component has been modeled and simultaneously the possibility of a correlation between transitory and permanent shocks has also been considered. The...