Weidenmier, Marc; Odell, Kerry A. - National Bureau of Economic Research (NBER) - 2002
Economists have long studied the relationship between the real and monetary sectors. We examine the macroeconomic effects of the 1906 San Francisco earthquake, a shock that immediately reduced United States. GNP by 1.5-1.8 percentage points. The quake's impact manifested itself in gold flows, as...