Showing 1 - 10 of 307
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
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
This is the second of two papers that generate and analyze quantitative estimates of the development of English caselaw and associated legal ideas before the Industrial Revolution. In the first paper, we estimated a 100-topic structural topic model, named the topics, and showed how to interpret...
Persistent link: https://www.econbiz.de/10012388206
of the economic history of the UK in the inter-war period and to draw comparisons between recession profiles in the inter …-war and the post-war period. -- economic history ; national accounts ; monthly GDP data ; Great Depression …
Persistent link: https://www.econbiz.de/10009307942
markets ; human capital ; economic history …
Persistent link: https://www.econbiz.de/10009488997
foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering 91 …
Persistent link: https://www.econbiz.de/10011973856
We generate and analyze data pertinent to the role of caselaw in England's economic development during the Industrial Revolution. Applying topic modeling to a corpus of 67,455 reports on English court cases, we construct annual time series of caselaw developments between 1765 and 1865. We then...
Persistent link: https://www.econbiz.de/10013453766
We study the opportunistic political budget cycle in the London Metropolitan Boroughs between 1902 and 1937 under two …
Persistent link: https://www.econbiz.de/10010237194
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
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