Showing 1 - 10 of 57
The end of World War II brought a flood of returning veterans to America's colleges and universities. Yet, despite … evidence about the question of whether military service, combined with the availability of post-war educational benefits, led … structure of the draft during the World War II period and the changing manpower requirements in the armed forces to address the …
Persistent link: https://www.econbiz.de/10012471331
This note isolates an overlooked economic force for the Ruble to appreciate in response to international sanctions limiting exports to Russia. The economic intuition is that when Russians are unable to buy the mix of foreign goods they wish, then foreign goods becomes less attractive, increasing...
Persistent link: https://www.econbiz.de/10013191024
This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...
Persistent link: https://www.econbiz.de/10013191083
We show that the exchange rate may appreciate or depreciate depending on the specific mix of sanctions imposed, even if the underlying equilibrium allocation is the same. Sanctions that limit a country's imports tend to appreciate the country's exchange rate, while sanctions that limit exports...
Persistent link: https://www.econbiz.de/10013191103
and II, which would seemingly increase uncertainty. In a seminal paper, Schwert (1989) identified the "war puzzle" as one …
Persistent link: https://www.econbiz.de/10013172137
our analysis of these new data, we find that the relatively stingy, fixed-price contracts of the Civil War era led … inventors to focus broadly on reducing costs, while the less cost-conscious procurement contracts of World War I did not. We …' preferences across wars. Finally, we find that the Civil War and World War I procurement shocks led to substantial increases in …
Persistent link: https://www.econbiz.de/10012479203
The nullification of slave wealth after the U.S. Civil War (1861-65) was one of the largest episodes of wealth … wealth by 1870, relative to households that had been equally wealthy before the war. Yet, the sons of former slaveholders …
Persistent link: https://www.econbiz.de/10012479651
For most of the post WWII period, until recently, trade protectionism followed a downward trend, and was formulated in multilateral or bilateral agreements between countries. Recently however, there hasbeen a sharp shift towards unilateral, discretionary trade policy focused on short term...
Persistent link: https://www.econbiz.de/10012481315
From decompositions of U.S. federal fiscal accounts from 1790 to 1988, we describe differences and patterns in how expenditure surges were financed during 8 wars between 1812 and 1975. We also study two insurrections. We use two benchmark theories of optimal taxation and borrowing to frame a...
Persistent link: https://www.econbiz.de/10012481698
Several high-profile news stories have linked post-September 11 (9/11) combat service to violent crime among veterans. Nevertheless, there is scant causal evidence for this claim. We exploit the administrative procedures by which U.S. Armed Forces senior commanders conditionally randomly assign...
Persistent link: https://www.econbiz.de/10012481861