"We examine econometrically the real effects of paper money's introduction into colonial New England over the 1703-1749 period. Departing from earlier analyses that focus primarily on the depreciation of paper money in the region, we show that expansion of the money stock promoted growth in...

Hurricanes are one of the major natural disturbances affecting human livelihoods in coastal zones worldwide. Assessing hurricane risk is an important step toward mitigating the impact of tropical storms on human life and property. This study uses NOAA’s historical tropical cyclone database...

Most states have exhausted their unemployment insurance (UI) trust fund and borrowed from the federal government at least once during the past 35 years. Under such circumstances, states are required by law to raise UI taxes to replenish their trust funds and to pay off their debts to the federal...