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Blickle, Kristian; Brunnermeier, Markus Konrad; Luck, … - National Bureau of Economic Research - 2022

We use the German Crisis of 1931, a key event of the Great Depression, to study how depositors behave during a bank run in the absence of deposit insurance. We find that deposits decline by around 20% during the run and that there is an equal outflow of retail and non-financial wholesale...

Persistent link: https://www.econbiz.de/10012938722

The Debt-Inflation Channel of the German Hyperinflation

Brunnermeier, Markus Konrad; Correia, Sergio A.; Luck, … - National Bureau of Economic Research - 2023

This paper studies how a large increase in the price level is transmitted to the real economy through firm balance sheets. Using newly digitized macro- and micro-level data from the German inflation of 1919-1923, we show that inflation led to a large reduction in real debt burdens and...

Persistent link: https://www.econbiz.de/10014322686

Undergraduate Econometrics Instruction : Through Our Classes, Darkly

Angrist, Joshua D. - 2017

The past half-century has seen economic research become increasingly empirical, while the nature of empirical economic research has also changed. In the 1960s and 1970s, an empirical economist's typical mission was to "explain" economic variables like wages or GDP growth. Applied econometrics...

Persistent link: https://www.econbiz.de/10012455537

What Did UWE Do for Economics?

Avilova, Tatyana; Goldin, Claudia - National Bureau of Economic Research - 2023

Economics is among the most popular undergraduate majors. However, even at the best research universities and liberal … arts colleges men outnumber women by two to one, and overall there are about 2.5 males to every female economics major. The … Undergraduate Women in Economics (UWE) Challenge was begun in 2015 for one year as a randomized controlled trial with 20 treatment …

Persistent link: https://www.econbiz.de/10014322819