Timber Bubble That Burst - Government Policy and the Bailout of 1984

Zusatztext Should have wide appeal....Reveals how political interest groups can influence the rules under which government agencies operate and why seemingly simple actions, such as the selling of public timer, can result in fiasco. Klappentext 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. Zusammenfassung A study of the booming industry and subsequent recession in the timber industry of the north-west USA, which argues that it was not the widely-blamed actions of the Federal Reserve so much as the actions of the buyers themselves which caused the problem.

Product details

• Authors: Joe P. Mattey, Joe P. (Economist Mattey, Mattey Joe P.
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 15.11.1990
• EAN: 9780195062755
• ISBN: 978-0-19-506275-5
• No. of pages: 118
• Subjects: Natural sciences, medicine, IT, technology > Biology > Agriculture, horticulture; forestry, fishing, food; Social sciences, law, business > Business > Individual industrial sectors, branches; USA, BUSINESS & ECONOMICS / Industries / General, TECHNOLOGY & ENGINEERING / Manufacturing, TECHNOLOGY & ENGINEERING / Agriculture / Forestry, Timber & wood processing, United States of America, USA, Forestry & silviculture: practice & techniques, Industry & industrial studies, Industry and industrial studies, Forestry and silviculture, Timber and wood processing