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Rugged Individualism and Collective (In)Action During the COVID-19 Pandemic
Bazzi, Samuel - 2020
Rugged individualism—the combination of individualism and anti-statism—is a prominent feature of American culture with deep roots in the country's history of frontier settlement. Today, rugged individualism is more prevalent in counties with greater total frontier experience (TFE) during the...
Persistent link: https://www.econbiz.de/10012823758
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Voluntary Associations, Corporate Rights, and the State : Legal Constraints on the Development of American Civil Society, 1750-1900
Bloch, Ruth H. - 2015
The freedom of citizens to form voluntary associations has long been viewed as an essential ingredient of modern civil … society. Our chapter revises the standard Tocquevillian account of associational freedom in the early United States by …
Persistent link: https://www.econbiz.de/10013022925
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Lost Decades : Lessons from Post-Independence Latin America for Today's Africa
Bates, Robert - 2007
Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...
Persistent link: https://www.econbiz.de/10012778235
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Manumission in Nineteenth Century Virginia
Bodenhorn, Howard - 2010
A long-standing debate concerns the rationality of slave owners and this paper addresses that debate within the context of manumission. Using a new sample of 19th-century Virginia manumissions, I show that manumission was associated with the productive characteristics of slaves. More productive...
Persistent link: https://www.econbiz.de/10013148375
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The Guarantees of Freedom
La Porta, Rafael; Lopez de Silanes, Florencio; … - 2021
Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from … political interference in the administration of justice, from those of American freedom, which allow judges to restrain law … reflect these institutions of English and American freedom, and ask whether these rules predict economic and political freedom …
Persistent link: https://www.econbiz.de/10013224310
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Poverty, Political Freedom, and the Roots of Terrorism
Abadie, Alberto - 2021
-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …
Persistent link: https://www.econbiz.de/10013243972
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Money Matters : Broad Divisia Money and the Recovery of Nominal GDP from the Covid-19 Recession
Bordo, Michael D.; Duca, John V. - 2023
The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth because past instability in the demand for simple-sum monetary aggregates had made these aggregates unreliable indicators. We find that the demand for more theoretically-based...
Persistent link: https://www.econbiz.de/10014346628
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Preemptive Policies and Risk-Off Shocks in Emerging Markets
Das, Mitali; Gopinath, Gita; Kalemli-Özcan, Ṣebnem - 2023
We show that “preemptive” capital flow management measures (CFM) can reduce emerging markets and developing countries' (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 EMDEs during 1996-2020 at monthly frequency, we...
Persistent link: https://www.econbiz.de/10014348303
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An Exploration of the Japanese Slowdown During the 1990s
Comin, Diego A. - 2012
Why did the Japanese slowdown of the 90s last so long if none of the shocks that hit the Japanese economy had a comparable persistence? In this paper, I use the Comin and Gertler (2006) model of medium term fluctuations to explore whether their endogenous technology mechanisms can amplify and...
Persistent link: https://www.econbiz.de/10012754982
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The Demand for Youth : Implications for the Hours Volatility Puzzle
Jaimovich, Nir - 2010
The employment and hours worked of young individuals fluctuate much more over the business cycle than those of prime-aged individuals. Understanding the mechanism underlying this observation is key to explaining the volatility of aggregate hours over the cycle. We argue that the joint behavior...
Persistent link: https://www.econbiz.de/10012757916