A Note on Technology Shocks and the Great Depression
结合自身前期研究与Watanabe的论文，指出尽管数据与假设不同，但两者均支持技术冲击并非大萧条主要驱动因素的结论。
The role of technology shocks as a driver of the Great Depression is the topic of our own earlier work and the paper by Watanabe in this issue. While the two studies differ in their data and assumptions, they complement each other and strengthen the conclusion of both papers: technology shocks were not the driving force of the Great Depression.