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Long-Run Impacts of Agricultural Shocks on Educational Attainment : Evidence from the Boll Weevil
Baker, Richard B. - 2018
The boll weevil spread across the Southern United States from 1892 to 1922 having a devastating impact on cotton cultivation. The resulting shift away from this child labor–intensive crop lowered the opportunity cost of attending school, and thus the pest increased school enrollment and...
Persistent link: https://www.econbiz.de/10012906300
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Commodity Market Disintegration in the Interwar Period
Hynes, William M. - 2009
Using data collected by the International Institute of Agriculture, we document the disintegration of international commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the 1920s, and then a very substantial disintegration...
Persistent link: https://www.econbiz.de/10012764519
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The Predictive Content of Commodity Futures
Chinn, Menzie David - 2010
This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy …, precious and base metals, and agricultural commodities. In particular, we examine whether futures prices are (1) an unbiased … null of futures prices being unbiased predictors of future spot prices than in earlier periods for almost all commodities …
Persistent link: https://www.econbiz.de/10013146511
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Trade Diversion and the Initiation Effect : A Case Study of U.S. Trade Remedies in Agriculture
Carter, Colin A. - 2018
This paper estimates the impact of U.S. trade remedy (TR) actions on agricultural trade from 1990 to 2014. Most previous studies of the effects of TR actions have left out agricultural products. We use a four-country oligopolistic trade model to study the impact of TR duties on imports from...
Persistent link: https://www.econbiz.de/10012916175
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China's Import Demand for Agricultural Products : The Impact of the Phase One Trade Agreement
Feenstra, Robert C.; Hong, Chang - 2022
In December 2019, the United States and China reached a Phase One trade agreement, under which China committed to purchase more imports from the United States: $12.5 billion more agricultural imports in 2020 and $19.5 billion more in 2021, as compared to 2017. We show that the most efficient way...
Persistent link: https://www.econbiz.de/10013308202
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The General Theory of Employment, Interest, and Money after 75 Years : The Importance of Being in the Right Place at the Right Time
Luzzetti, Matthew N. - 2011
This paper studies why the General Theory had so much impact on the economics profession through the 1960s, why that impact began to wane in the 1970s, and why many economic policymakers cling to many of the tenets of the General Theory. We discuss three key elements along these lines, including...
Persistent link: https://www.econbiz.de/10013131957
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The Price Effects of Cash Versus In-Kind Transfers
Cunha, Jesse M. - 2011
This paper compares how cash and in-kind transfers affect local prices. Both types of transfers increase the demand for normal goods, but only in-kind transfers also increase supply. Hence, in-kind transfers should lead to lower prices than cash transfers, which helps consumers at the expense of...
Persistent link: https://www.econbiz.de/10013120196
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Money as a Unit of Account
Doepke, Matthias - 2013
We develop a theory that rationalizes the use of a dominant unit of account in an economy. Agents enter into non-contingent contracts with a variety of business partners. Trade unfolds sequentially in credit chains and is subject to random matching. By using a dominant unit of account, agents...
Persistent link: https://www.econbiz.de/10013074294
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The Limits of <I>Onetary Economics</I> : On Money as a Latent Medium of Exchange
Lagos, Ricardo - 2020
We formulate a generalization of the traditional medium-of-exchange function of money in contexts where there is … that the option to settle transactions directly with money strengthens the stance of sellers of goods and services vis … "latent money demand" considerations imply monetary policy remains effective through medium-of-exchange channels even if the …
Persistent link: https://www.econbiz.de/10012841424
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From Commodity to Fiat and Now to Crypto : What Does History Tell Us?
Eichengreen, Barry - 2019
functions of money. So-called stable coins are intended to bridge this gap, but whether they can be successfully scaled up and …
Persistent link: https://www.econbiz.de/10012895472