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Rules and Reality: Quantifying the Practice of Apprenticeship in Early Modern Europe

Minns, Chris; Wallis, Patrick - London School of Economics and Political Science - 2009

This paper uses recently digitised samples of apprentices and masters in London and Bristol to quantify the practice of apprenticeship in the late 17th century. Apprenticeship appears much more fluid than is traditionally understood. Many apprentices did not complete their terms of indenture;...

Persistent link: https://www.econbiz.de/10005870488

Labour Market Adjustment to Economic Downturns in the Catalan TextileIndustry, 1880-1910. Did Employers Breach Implicit Contracts?

Domenech, Jordi - London School of Economics and Political Science - 2005

This paper studies the way workers and firms behaved in a highly cyclical sector such as the cotton textile industry, which encompassed 1/5 of the Catalan industrial workforce in the early 20th century. Using firm level evidence from the late 19th and early 20th centuries, the paper shows that,...

Persistent link: https://www.econbiz.de/10005870574

Workers and ‘Subalterns’: A comparative study of labour in Africa, Asia and Latin America

Lewis, Colin M. - London School of Economics and Political Science - 2003

[...]In part, this collection of papers derives from the impact of Subaltern Studies on approaches to the history of labour. While the contributions may not be located within ‘subalternism’, to differing degrees they reflect responses in the literature to that paradigm. At the very least,...

Persistent link: https://www.econbiz.de/10005870599

Time-Varying Credit Riskand Liquidity Premia inBond and CDS Markets

Bühler, Wolfgang; Trapp, Monika - Universität <Mannheim> / Behavioral Finance Group; … - 2009

component, a pure liquidity component, and a component measuring therelation between credit risk and liquidity. CDS liquidity … has important consequences for the bondcredit risk and liquidity components. Besides the credit risk link, we document a … liquidity linkbetween the bond and the CDS market. Liquidity in both markets dries up as credit risk increases,and higher bond …

Persistent link: https://www.econbiz.de/10005867856

Fiscal and Financial Preconditions for the Rise of British Naval Hegemony1485-1815

O’Brien, Patrick Karl - London School of Economics and Political Science - 2005

In recent decades the new institutional economics has redrawn attention to the significance of state sponsored and regulated institutions, organisations, laws, rules, customs and culturally conditioned behaviour for the promotion of long term economic development (Menard and Shirley, 2005)....

Persistent link: https://www.econbiz.de/10005870569

Rule-based monetary policy under central bank learning

Aoki, Kosuke; Nikolov, Kalin - London School of Economics and Political Science - 2005

The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...

Persistent link: https://www.econbiz.de/10005870371

Depression Econometrics: A FAVAR Model of Monetary Policy During The Great Depression

Amir Ahmadi, Pooyan; Ritschl, Albrecht - London School of Economics and Political Science - 2009

The prominent role of monetary policy in the U.S. interwardepression has been conventional wisdom since Friedman andSchwartz [1963]. This paper presents evidence on both thesurprise and the systematic components of monetary policybetween 1929 and 1933. Doubts surrounding GDP estimates forthe...

Persistent link: https://www.econbiz.de/10005870404