It is a well known fact that economic development and distance to the equator are positively correlated variables in the world today. It is perhaps less well known that as recently as 1500 C.E. it was the other way around. The present paper provides a theory of why the “latitude gradient”...

When traditional methods for measuring economic welfare are scarce or unreliable, heights and BMIs are now well accepted measurements that represent biological conditions during economic development. Weight, after controlling for height, is an alternative measure to BMI for current net...

Heights and body mass index values (BMIs) are now well accepted measures that reflect net nutrition during economic development and institutional change. This study uses 19th century weights instead of BMIs to measure factors associated with current net nutrition. Across the weight distribution...

When traditional measures for economic welfare are scarce or unreliable, stature and the body mass index (BMI) are now widely-accepted measures that reflect economic conditions. However, little work exists for late 19th and early 20th century women's BMIs in the US and how they varied with...

Using data from late 19th and early 20th century US prisons, this study estimates the basal metabolic rates and calories for Americans of European descent. Throughout the 19th century, white basal metabolic rates (BMRs) and calories declined across their respective distributions, and much of the...

The decline in the physical stature of the American population for more than a generation beginning with the birth cohorts of the early 1830s was brought about by a diminution in nutritional intake in spite of robust growth in average incomes. This occurred at the onset of modern economic growth...

This paper uses the European Commission's Consumer Survey to assess whether inflation expectations have converged and whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the survey suggest that inflation expectations depend more...

This paper analyzes the relationship between the size of an economic union and the degree of policy centralization. We consider a political economy setting in which elected representatives bargain about the degree of centralization within the union. In our model strategic delegation affects the...

We develop multivariate measures of synchronicity and co-movement of business cycles. In addition to synchronicity, the co-movement measure takes differences between cycle amplitudes into account that have been overlooked in most previous studies. We apply the new measures to the euro area....

Using an extended data set of EU countries ranging from 1971-2006 and relevant econometric methods, we investigate the economic, political, and institutional determinants of government deficits in the EU. The results show a strong opportunistic behaviour of policymakers which leads to political...