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There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...
Persistent link: https://www.econbiz.de/10012459549
stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …
Persistent link: https://www.econbiz.de/10012462382
According to conventional wisdom, a fiscal consolidation is likely to contract real aggregate demand. It has often been argued, however, that this conclusion is misleading as it neglects the role of expectations of future policy: if the fiscal consolidation is read by the private sector as a...
Persistent link: https://www.econbiz.de/10012475661
Economic and social historians have traditionally been concerned to measure changes in the income and welfare of populations in the past.Until recently, however, they have not recognized that anthropometric data, such as evidence on the average height achieved by a population at a particular...
Persistent link: https://www.econbiz.de/10012477779
This study grounds the establishment of EMU and the euro in the context of the history of international monetary …
Persistent link: https://www.econbiz.de/10012464832
point to which his book has guided us. The main path to follow is the income inequality history so well paved by Piketty and … his team, supported by the book's history of twentieth-century shocks and political responses. Less promising is the book … merging his team's history of top income shares with the history of inequality movements within the lower 90 percent. It also …
Persistent link: https://www.econbiz.de/10012458434
, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …
Persistent link: https://www.econbiz.de/10012457900
This review essay of the two-volume Cambridge History of Capitalism (2014), edited by Larry Neal and Jeffrey G … income; Randall Morck and Bernard Yeung discuss the history of business groups; and Peter Lindert surveys private and public … criticize the definition of capitalism used in these volumes as too expansive to be useful. I argue that this definition mars …
Persistent link: https://www.econbiz.de/10012458007
. We cover the institution's history, implementation, and the best available evidence on its economic impacts. We argue …
Persistent link: https://www.econbiz.de/10012585405
potential long-run impact on individuals over decades and even generations. History, however, offers a solution. Historical …
Persistent link: https://www.econbiz.de/10012481108