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Wars and markets : how bond values reflect World War II

Frey, Bruno S.; Kucher, Marcel - 1999

Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...

Persistent link: https://www.econbiz.de/10009781716

The economics of skyscrapers : a synthesis

Ahlfeldt, Gabriel M.; Barr, Jason - 2020

This paper provides a synthesis of the state of knowledge on the economics of skyscrapers. First, we document how vertical urban growth has gained pace over the course of the 20th century. Second, we lay out a simple theoretical model of optimal building heights in a competitive market to...

Persistent link: https://www.econbiz.de/10012245104

Corruption in Russia : historic legacy and systemic nature

Schulze, Günther G.; Zakharov, Nikita - 2018

This paper argues that corruption in Russia is systemic in nature. Low wage levels of public officials provide strong incentives to engage in corruption. As corruption is illegal, corrupt officials can be exposed any time, which enforces loyalty towards the powers that be; thus corruption is a...

Persistent link: https://www.econbiz.de/10011789215

Institutions and economic growth in historical perspective : part 2

Ogilvie, Sheilagh C.; Carus, A. W. - 2014

Revolution of 1688 did not mark the sudden emergence of either secure property rights or economic growth. Economic history has …

Persistent link: https://www.econbiz.de/10010371915

Institutions and economic growth in historical perspective : part 1

Ogilvie, Sheilagh C.; Carus, A. W. - 2014

Revolution of 1688 did not mark the sudden emergence of either secure property rights or economic growth. Economic history has …

Persistent link: https://www.econbiz.de/10010371916

Can general purpose technology theory explain economic growth? : electrical power as a case study

Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...

Persistent link: https://www.econbiz.de/10010252126

The effects of systemic banking crises in the inter-war period

Rocha, Bruno T. da; Solomou, Solomos - 2015

This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a panel of 24 countries over the inter-war period and compares this to the post-war experience of these countries. We show that banking crises have effects that induce medium-term...

Persistent link: https://www.econbiz.de/10010496916

Measuring inflation expectations in interwar Britain

Lennard, Jason; Meinecke, Finn; Solomou, Solomos - 2021

What caused the recovery from the British Great Depression? A leading explanation - the "expectations channel" - suggests that a shift in expected inflation lowered real interest rates and stimulated consumption and investment. However, few studies have measured, or tested the economic...

Persistent link: https://www.econbiz.de/10012669620

Wealth and history : an update

Waldenström, Daniel - 2021

This paper analyzes new evidence on long-run trends in aggregate wealth accumulation and wealth inequality in Western countries. The new findings suggest that wealth-income ratios were lower before World War I than previously claimed, that wealth concentration fell over the past century and has...

Persistent link: https://www.econbiz.de/10012649784

Religion in economic history : a survey

Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2020

This paper surveys the recent social science literature on religion in economic history, covering both socioeconomic … studies the role of the Catholic Church in European economic history since the medieval period. Taking advantage of newly … history. Third, many socioeconomic factors matter in the historical development of religions. …

Persistent link: https://www.econbiz.de/10012229328

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