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This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012482082
fluctuations in rainfall to capture the exogenous variation in trade between Germany, France, the U.K., and the Ottoman Empire …
Persistent link: https://www.econbiz.de/10012462618
higher in France than in the United States, and noticeably lower in the United Kingdom (by roughly 10%) and even lower in … Japan (30%), while TFP levels are very close in France, the United Kingdom and the United States, but much lower (40%) in … to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable catching …
Persistent link: https://www.econbiz.de/10012463072
of two large firms: the South Sea Company in Great Britain and the Mississippi Company in France. In this paper we …
Persistent link: https://www.econbiz.de/10012463318
an improved current account). France's decision to suspend the free coinage of silver in 1876 played a paramount role in … France's decision to end bimetallism was exogenous from the viewpoint of countries on the silver standard. To deal with …
Persistent link: https://www.econbiz.de/10012466369
How did Britain sustain faster rates of economic growth than comparable European countries, such as France, during the … innovation network using patent data from Britain and France in the late-18th and early-19th century. We show that the network … quantify the implications for technology growth rates in Britain compared to France. Our results indicate that the shape of the …
Persistent link: https://www.econbiz.de/10015056202
Between 1810 and 1939, real per capita spending on patent medicines grew by a factor of 114; real per capita GDP by a factor of 5. The long-term growth and survival this industry is puzzling when juxtaposed with standard historical accounts, which typically portray patent medicines as quack...
Persistent link: https://www.econbiz.de/10012462953
This paper uses the interwar period in the United States as a laboratory for investigating the incentive effects of changes in marginal income tax rates. Marginal rates changed frequently and drastically in the 1920s and 1930s, and the changes varied greatly across income groups at the top of...
Persistent link: https://www.econbiz.de/10012460799
Many households hold little wealth, especially liquid wealth. In precautionary savings models, absent preference heterogeneity, these households should display not only higher marginal propensities to consume (MPCs), but also lower average propensities to consume (APCs) and higher future...
Persistent link: https://www.econbiz.de/10012479167
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10012464771