Munich Personal RePEc Archive

Shifting Pattern of Extraordinary Economic and Social Events in Relation to the Solar Cycle

Gorbanev, Mikhail (2020): Shifting Pattern of Extraordinary Economic and Social Events in Relation to the Solar Cycle.

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Abstract

Most notable claims linking events on Earth with solar cycle phases relate to solar maximums. Cyclical maximums of solar activity could be associated with economic recessions (W.S.Jevons) or revolutions (A.L.Chizhevsky). However, both the diminishing magnitude of solar cycles and the recent crisis events warrant closer attention to solar minimums. The ongoing global economic and financial crisis—caused by the “great lockdown” response to the new COVID-19 coronavirus pandemic—coincided with cyclical minimum of solar activity, as did the previous Global Financial Crisis of 2007-09. And before that, Asian crisis of 1997-98 began shortly after solar minimum. These events point to the new emerging pattern of global economic and financial crises coinciding with cyclical minimums of solar activity.

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