Similar Search Results

Was Germany ever united?: evidence from intra- and international trade 1885-1933

Wolf, Nikolaus - London School of Economics (LSE) - 2008

This paper asks whether Germany was ever an economically integrated area. I explore the geography of trade costs in a new data set of about 40,000 observations on regional trade flows within and across the borders of Germany over the period 1885 – 1933. There are three key results. First, the...

Persistent link: https://www.econbiz.de/10010745395

New media, firms, ideas, and growth: European cities after Gutenberg

Dittmar, Jeremiah - London School of Economics (LSE) - 2013

data on book prices document the inter-city trade costs that generated local spillovers. …

Persistent link: https://www.econbiz.de/10010745227

Overcoming the zero bound on nominal interest rates with negative interest on currency : Gesell's solution

Buiter, Willem H. - London School of Economics (LSE) - 2003

An economy is in a liquidity trap when monetary policy cannot influence either real or nominal variables of interest. A necessary condition for this is that the short nominal interest rate is constrained by its lower bound, typically zero. The paper considers two small analytical models, one...

Persistent link: https://www.econbiz.de/10010745321

Crisis?: What crisis?: currency vs. banking in the financial crisis of 1931

Ritschl, Albrecht; Salferaz, Samad - London School of Economics (LSE) - 2010

This paper examines the role of currency and banking in the German financial crisis of 1931 for both Germany and the U.S. We specify a structural dynamic factor model to identify financial and monetary factors separately for each of the two economies. We find that monetary transmission through...

Persistent link: https://www.econbiz.de/10010746193

Business fluctuations in Imperial Austria's regions, 1867-1913: new evidence

Ciccarelli, Carlo; Missiaia, Anna - London School of Economics (LSE) - 2014

This paper presents annual estimates of total and per-capita GDP at 1910 prices for the regions of Imperial Austria …

Persistent link: https://www.econbiz.de/10011125886

Did the national minimum wage affect UK prices?

Wadsworth, Jonathan - London School of Economics (LSE) - 2009

wage workers could have passed on any higher labour costs resulting from the minimum wage in the form of higher prices …. This study looks at the effects of the minimum wage on the prices of UK goods and services by comparing prices of goods … produced by industries in which UK minimum wage workers make up a substantial share of total costs with prices of goods and …

Persistent link: https://www.econbiz.de/10010884638

Designing carbon markets, part I: carbon markets in time

Fankhauser, Samuel; Hepburn, Cameron - London School of Economics (LSE) - 2010

This paper analyses the design of carbon markets in time (i.e., intertemporally). It is part of a twin set of papers that ask, starting from first principles, what an optimal global carbon market would look like by around 2030. Our focus is on firm-level cap-and-trade systems, although much of...

Persistent link: https://www.econbiz.de/10011126649

Hayek on the wisdom of prices: a reassessment

Bronk, Richard - London School of Economics (LSE) - 2013

models. The recent financial crisis, however, shows that market prices can give very misleading signals for long periods, and … asymmetries and market power in distorting the wisdom of prices. …

Persistent link: https://www.econbiz.de/10011071336

On the measurement of trade costs: direct vs. indirect approaches to quantifying standards and technical regulations

Chen, Natalie; Novy, Dennis - London School of Economics (LSE) - 2012

In this article, we review the literature on the measurement of trade costs in international trade with a special emphasis on nontariff measures and in particular on standards and technical regulations. We distinguish ‘direct’ from ‘indirect’ approaches. The direct approach collects...

Persistent link: https://www.econbiz.de/10010884515

Free trade agreements and the consolidation of democracy

Liu, Xuepeng; Ornelas, Emanuel - London School of Economics (LSE) - 2013

We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...

Persistent link: https://www.econbiz.de/10010884636