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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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Currency Mismatches, Default Risk, and Exchange Rate Depreciation : Evidence from the End of Bimetallism
Bordo, Michael D. - 2010
an improved current account). France%u2019s decision to suspend the free coinage of silver in 1876 played a paramount … that France%u2019s decision to end bimetallism was exogenous from the viewpoint of countries on the silver standard. To …
Persistent link: https://www.econbiz.de/10012761340
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New Evidence on the First Financial Bubble
Frehen, Rik - 2015
of two large firms: the South Sea Company in Great Britain and the Mississippi Company in France. In this paper we …
Persistent link: https://www.econbiz.de/10013039339
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Does Trade Cause Capital to Flow? Evidence from Historical Rainfall
Kalemli-Ozcan, Sebnem; Nikolsko‐Rzhevskyy, Alex; … - 2021
, France, and the U.K., during the period of 1859–1913. The identification is based on the following historical facts: First … exported to Germany, France, and the U.K. by the Empire. Using the export-bundle-weighted regional rainfall as an instrument …
Persistent link: https://www.econbiz.de/10013231603
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Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century
Cette, Gilbert - 2010
This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United … extent also to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable … catching-up to the United States by France and Japan after WW2, that stopped in the case of Japan during the 1990s. Capital …
Persistent link: https://www.econbiz.de/10013149831
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How Merchant Towns Shaped Parliaments : From the Norman Conquest of England to the Great Reform Act
Angelucci, Charles - 2017
We study the emergence of urban self-governance during the Commercial Revolution in the 12th- 13th century and show that municipal autonomy shaped national institutions over the subsequent centuries. We focus on England after the Norman Conquest of 1066 and build a novel comprehensive dataset of...
Persistent link: https://www.econbiz.de/10012951352
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Austerity and the Rise of the Nazi Party
Galofré-Vilà, Gregori - 2017
We study the link between fiscal austerity and Nazi electoral success. Voting data from a thousand districts and a hundred cities for four elections between 1930 and 1933 shows that areas more affected by austerity (spending cuts and tax increases) had relatively higher vote shares for the Nazi...
Persistent link: https://www.econbiz.de/10012941600
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Location and Technological Change in the American Glass Industry During the Late Nineteenth and Early Twentieth Centuries
Lamoreaux, Naomi R.; Sokoloff, Kenneth L. - 2021
Scholars have attempted to explain geographic clustering in inventive activity by arguing that it is connected with clustering in production or new investment. They have offered three possible reasons for this link: because invention occurs as a result of learning by doing; because new...
Persistent link: https://www.econbiz.de/10013237558
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The Profitabality of Colonialism
Iyigun, Murat; Grossman, Herschel I. - 2021
This paper develops an analytical framework for studying colonial investment from the perspective of neoclassical political economy. The distinguishing feature of colonial investment in this model is that the metropolitan government restricts the amount of investment in the colony in order to...
Persistent link: https://www.econbiz.de/10013249366
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The European Crisis in the Context of the History of Previous Financial Crises
Bordo, Michael D. - 2013
There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...
Persistent link: https://www.econbiz.de/10013080834