Narrow search
Showing 1 - 10 of 84
Cover Image
When to Appease and When to Punish : Hitler, Putin, and Hamas
Levine, David K.; Ohanian, Lee E. - National Bureau of Economic Research - 2024
Much has been written about deterrence, the process of committing to punish an adversary to prevent an attack. But in sufficiently rich environments where attacks evolve over time, formulating a strategy involves not only deterrence but also appeasement, the less costly process of not responding...
Persistent link: https://www.econbiz.de/10014512134
Cover Image
Cigarette Excise Taxation : The Impact of Tax Structure on Prices, Revenues, and Cigarette Smoking
Chaloupka, Frank J, IV. - 2010
The main purpose of this study is to provide empirical evidence on the effects of the cigarette excise tax structure on three outcomes: cigarette prices, government revenues, and cigarette consumption. We composed cross-sectional time-series data for 21 EU countries from year 1998 to 2007 from...
Persistent link: https://www.econbiz.de/10012462370
Cover Image
Detecting Illegal Arms Trade
DellaVigna, Stefano - 2007
Illegal arms are responsible for thousands of deaths in civil wars every year. Yet, their trade is very hard to detect. We propose a method to statistically detect illegal arms trade based on the investor knowledge embedded in financial markets. We focus on eight countries under UN arms embargo...
Persistent link: https://www.econbiz.de/10012465297
Cover Image
Going to War and Going to College : Did World War II and the G.I. Bill Increase Educational Attainment for Returning Veterans?
Bound, John - 1999
The end of World War II brought a flood of returning veterans to America's colleges and universities. Yet, despite … evidence about the question of whether military service, combined with the availability of post-war educational benefits, led … structure of the draft during the World War II period and the changing manpower requirements in the armed forces to address the …
Persistent link: https://www.econbiz.de/10012471331
Cover Image
A Minimalist Model for the Ruble During the Russian Invasion of Ukraine
Lorenzoni, Guido; Werning, Iván - National Bureau of Economic Research - 2022
This note isolates an overlooked economic force for the Ruble to appreciate in response to international sanctions limiting exports to Russia. The economic intuition is that when Russians are unable to buy the mix of foreign goods they wish, then foreign goods becomes less attractive, increasing...
Persistent link: https://www.econbiz.de/10013191024
Cover Image
On Wars, Sanctions and Sovereign Default
Bianchi, Javier; Sosa Padilla, César - National Bureau of Economic Research - 2022
This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...
Persistent link: https://www.econbiz.de/10013191083
Cover Image
Sanctions and the Exchange Rate
Itskhoki, Oleg; Mukhin, Dmitry - National Bureau of Economic Research - 2022
We show that the exchange rate may appreciate or depreciate depending on the specific mix of sanctions imposed, even if the underlying equilibrium allocation is the same. Sanctions that limit a country's imports tend to appreciate the country's exchange rate, while sanctions that limit exports...
Persistent link: https://www.econbiz.de/10013191103
Cover Image
Stock Volatility and the War Puzzle
Cortes, Gustavo Silva; Vossmeyer, Angela; Weidenmier, … - National Bureau of Economic Research - 2022
and II, which would seemingly increase uncertainty. In a seminal paper, Schwert (1989) identified the "war puzzle" as one …
Persistent link: https://www.econbiz.de/10013172137
Cover Image
Demand Shocks, Procurement Policies, and the Nature of Medical Innovation : Evidence from Wartime Prosthetic Device Patents
Clemens, Jeffrey - 2020
our analysis of these new data, we find that the relatively stingy, fixed-price contracts of the Civil War era led … inventors to focus broadly on reducing costs, while the less cost-conscious procurement contracts of World War I did not. We …' preferences across wars. Finally, we find that the Civil War and World War I procurement shocks led to substantial increases in …
Persistent link: https://www.econbiz.de/10012479203
Cover Image
The Intergenerational Effects of a Large Wealth Shock : White Southerners After the Civil War
Ager, Philipp - 2019
The nullification of slave wealth after the U.S. Civil War (1861-65) was one of the largest episodes of wealth … wealth by 1870, relative to households that had been equally wealthy before the war. Yet, the sons of former slaveholders …
Persistent link: https://www.econbiz.de/10012479651