Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Timber Bubble That Burst: Government Policy and the Bailout of 1984

The Timber Bubble That Burst: Government Policy and the Bailout of 1984

Mattey, Joe P.

Hardcover

Business GeneralEconomics

ISBN10: 0195062752
ISBN13: 9780195062755
Publisher: Oxford University Press
Published: Nov 15 1990
Pages: 120
Weight: 0.65
Height: 0.54 Width: 5.86 Depth: 8.90
Language: English
This is a book about bubble prices, and their consequences, in the timber industry of the Pacific Northwest from 1979-1984. Bubble prices--unusual and rapid rises (and eventual drops) in the prices of a commodity--have been of theoretical interest to economists for many years. This study examines the unusual movements in the price of federal timber and the subsequent recession in the Northwest when timber buyers delayed harvests in order to postpone the realization of their losses on the contracts. Mattey argues that it was not so much the actions of the Federal Reserve, which had been widely blamed for the crisis, but rather the actions of the buyers themselves that caused the recession.

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