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The Economic History of the "American Economic Review" : A Century's Explosion of Economics Research
Margo, Robert A. - 2010
Written in celebration of the upcoming 100th anniversary of the American Economic Review (February 2011), this paper recounts the history of the journal. The recounting has an analytic core that sees the American Economic Association as an organization supplying goods and services to its...
Persistent link: https://www.econbiz.de/10013139146
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Has the U.S. Finance Industry Become Less Efficient? on the Theory and Measurement of Financial Intermediation
Philippon, Thomas - 2014
I provide a quantitative interpretation of financial intermediation in the U.S. over the past 130 years. Measuring separately the cost of intermediation and the production of financial services, I find that: (i) the quantity of intermediation varies a lot over time; (ii) intermediation is...
Persistent link: https://www.econbiz.de/10013066115
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The Link between Manufacturing Growth and Accelerated Services Growth in India
Dehejia, Rajeev H. - 2014
The impact of trade liberalization on manufacturing growth has been widely studied in the literature. What has gone …
Persistent link: https://www.econbiz.de/10013058275
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Service Offshoring and Productivity : Evidence from the United States
Amiti, Mary; Amiti, Mary; Wei, Shang-Jin - 2021
have made it possible to trade in some business and computing services that were previously considered non-tradable. This …
Persistent link: https://www.econbiz.de/10013249187
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Data Gaps and the Policy Response to the Novel Coronavirus
Stock, James H. - 2020
This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012838354
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Industrial Catching Up in the Poor Periphery 1870-1975
Williamson, Jeffrey G. - 2011
mattered as well. A falling terms of trade raised the relative price of manufactures in domestic markets, as did real exchange …
Persistent link: https://www.econbiz.de/10013129186
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Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
Calomiris, Charles W. - 2011
In 1936-37, the Federal Reserve doubled the reserve requirements imposed on member banks. Ever since, the question of whether the doubling of reserve requirements increased reserve demand and produced a contraction of money and credit, and thereby helped to cause the recession of 1937-1938, has...
Persistent link: https://www.econbiz.de/10013131502
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Economics, History, and Causation
Morck, Randall - 2011
Economics and history both strive to understand causation: economics using instrumental variables econometrics and history by weighing the plausibility of alternative narratives. Instrumental variables can lose value with repeated use because of an econometric tragedy of the commons bias: each...
Persistent link: https://www.econbiz.de/10013131513
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Labor Market Integration Before the Civil War
Margo, Robert A. - 2011
This paper uses newly collected archival evidence to examine various aspects of the geographic performance of American labor markets before the Civil War. Much of the paper addresses the evolution of regional differences in real wages, of interest to economic historians because they speak to the...
Persistent link: https://www.econbiz.de/10013132817
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International Aspects of the Great Depression and the Crisis of 2007 : Similarities, Differences, and Lessons
Grossman, Richard S. - 2011
We focus on two international aspects of the Great Depression--financial crises and international trade-- and try to …-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly … synchronized across countries. In the Depression, income losses and rises in trade barriers explain trade's collapse. Due to …
Persistent link: https://www.econbiz.de/10013133067