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The Market for American State Government Bonds in Britain and the United States, 1830-1843
Kim, Namsuk; Wallis, John Joseph - National Bureau of Economic Research (NBER) - 2003
In the 1830s the British and American economies were hit by a series of shared macroeconomic shocks. This paper investigates the role of markets for Americas State bonds in Britain and the U.S. during and between the crises in 1837, 1839, and 1842. There is strong evidence that the crises in...
Persistent link: https://www.econbiz.de/10005248698
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Exports and Slow Economic Growth in the Lower South Region, 1720-1800
Rosenbloom, Joshua L.; Weiss, Thomas; Mancall, Peter C. - National Bureau of Economic Research (NBER) - 2006
wealth per capita in the colonies. Focusing on the rapid growth of the primary exports of the Lower South in the colonial … indicates that they were much less important as a stimulus to economic growth than has heretofore been believed. This paper … stimulus to intensive growth within the region. …
Persistent link: https://www.econbiz.de/10005034917
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Retail Trade by Federal Reserve District, 1919 to 1939: A Statistical History
Park, Haelim M.; Richardson, Gary - National Bureau of Economic Research (NBER) - 2010
Soon after beginning operations, the Federal Reserve established a nationwide network for collecting information about the economy. In 1919, the Fed began tabulating data by about retail sales, which it viewed as a fundamental measure of consumption. From 1920 until 1929, the Federal Reserve...
Persistent link: https://www.econbiz.de/10008764677
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The 1920s American Real Estate Boom and the Downturn of the Great Depression: Evidence from City Cross Sections
Hanes, Christopher; Brocker, Michael - National Bureau of Economic Research (NBER) - 2013
In the 1929-1933 downturn of the Great Depression, house values and homeownership rates fell more, and mortgage foreclosure rates were higher, in cities that had experienced relatively high rates of house construction in the residential real-estate boom of the mid-1920s. Across the 1920s, boom...
Persistent link: https://www.econbiz.de/10010969236
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Did Housing Policies Cause the Postwar Boom in Homeownership?
Garriga, Carlos; Chambers, Matthew; Schlagenhauf, Donald E. - National Bureau of Economic Research (NBER) - 2013
After the collapse of housing markets during the Great Depression, the U.S. government played a large role in shaping the future of housing finance and policy. Soon thereafter, housing markets witnessed the largest boom in recent history. The objective in this paper is to quantify the...
Persistent link: https://www.econbiz.de/10010969329
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The Great Leveraging
Taylor, Alan M. - National Bureau of Economic Research (NBER) - 2012
What can history tell us about the relationship between the banking system, financial crises, the global economy, and economic performance? Evidence shows that in the advanced economies we live in a world that is more financialized than ever before as measured by importance of credit in the...
Persistent link: https://www.econbiz.de/10010969386
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If Technology Has Arrived Everywhere, Why has Income Diverged?
Comin, Diego; Ferrer, Martí Mestieri - National Bureau of Economic Research (NBER) - 2013
growth, we show that these changes in the pattern of technology diffusion account for 80% of the Great Income Divergence …
Persistent link: https://www.econbiz.de/10010969422
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Federal Reserve Policy and Bretton Woods
Bordo, Michael David; Humpage, Owen F. - National Bureau of Economic Research (NBER) - 2014
During the Bretton Woods era, balance-of-payments developments, gold losses, and exchange-rate concerns had little influence on Federal Reserve monetary policy, even after 1958 when such issues became critical. The Federal Reserve could largely disregard international considerations because the...
Persistent link: https://www.econbiz.de/10010969444
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Shifting Mandates: The Federal Reserve's First Centennial
Reinhart, Carmen; Rogoff, Kenneth S - National Bureau of Economic Research (NBER) - 2013
The mandate of the Federal Reserve has evolved considerably over its hundred-year history. From an initial focus in 1913 on financial stability, to fiscal financing in World War II and its aftermath, to a strong anti-inflation focus from the late 1970s, and then back to greater emphasis on...
Persistent link: https://www.econbiz.de/10010950652
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Not Just the Great Contraction: Friedman and Schwartz's A Monetary History of the United States 1867 to 1960
Bordo, Michael David; Rockoff, Hugh - National Bureau of Economic Research (NBER) - 2013
A Monetary History of the United States 1867 to 1960 published in 1963 was written as part of an extensive NBER research project on Money and Business Cycles started in the 1950s. The project resulted in three more books and many important articles. A Monetary History was designed to provide...
Persistent link: https://www.econbiz.de/10010950905