attempted to manage a successful common currency when sub-national political entities were allowed to have separate currencies … and run independent monetary policies. Congress created a common currency that was too large to use in ordinary … transactions. Congress hoped this currency would be held for post-war redemption and would not circulate as money during the war …

domestically or borrow abroad in terms of the domestic currency. We conduct an historical case study for a group of countries that … their debt history relating the currency to the place of issue, exploring the residency of those holding local and foreign … currency debt and looking at the maturity of domestic debt in the nineteenth and twentieth centuries. We find that sound fiscal …

correlated in most villages with portfolio-choice estimates. The heterogeneity matters for policy: Although the average household …

the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social …

This paper re-examines the classic question of how a household should optimally allocate its portfolio between risky …

We test the relation between ambiguity aversion and five household portfolio choice puzzles: non- participation, low ….S. household survey, we measure ambiguity aversion using custom- designed questions based on Ellsberg urns. As theory predicts …

This paper studies household financial choices: why are these decisions dependent on the education level of the … household? A life cycle model is constructed to understand a rich set of facts about decisions of households with different …

.S. household leverage from 2002 to 2006 and the increase in defaults from 2006 to 2008. Employing land topology-based housing …

household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the … number of adults in a household have fallen dramatically. We develop a simple theory of household size where living with … others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from intra …