Year Keynes Market Rate 1928 -3.4 7.9 4.2 1929 0.8 6.6 5.3 1930 -32.4 -20.3 2.5 1931 -24.6 -25.0 3.6 1932 44.8 -5.8 1.5 1933 35.1 21.5 0.6 1934 33.1 -0.7 0.7 1935 44.3 5.3 0.5 1936 56.0 10.2 0.6 1937 8.5 -0.5 0.6 1938 -40.1 -16.1 0.6 1939 12.9 -7.2 1.3 1940 -15.6 -12.9 1.0 1941 33.5 12.5 1.0 1942 -0.9 0.8 1.0 1943 53.9 15.6 1.0 1944 14.5 5.4 1.0 1945 14.6 0.8 1.0