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The Marshall Plan : History's Most Successful Structural Adjustment Program
De Long, J. Bradford - 1991
The post-World War II reconstruction of Western Europe was one of the greatest economic policy and foreign policy … that transferred some $13 billion to Europe in the years 1948-51. We examine the economic effects of the Marshall Plan, and … role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid …
Persistent link: https://www.econbiz.de/10012475088
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Reconstruction Aid, Public Infrastructure, and Economic Development : The Case of the Marshall Plan in Italy
Giorcelli, Michela; Bianchi, Nicola - National Bureau of Economic Research - 2021
The Marshall Plan (1948-1952) was the largest aid transfer in history. This paper estimates its effects on Italy …
Persistent link: https://www.econbiz.de/10012794565
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Innovativity : A Comparison Across Seven European Countries
Mohnen, Pierre - 2006
: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10012466388
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Widows' Time, Time Stress and Happiness : Adjusting to Loss
Hamermesh, Daniel S.; Myck, Michał; Oczkowska, Monika - National Bureau of Economic Research - 2021
By age 77 a plurality of women in wealthy Western societies are widows. Comparing older (aged 70+) married women to widows in the American Time Use Survey 2003-18 and linking the data to the Current Population Survey allow inferring the short- and longer-term effects of an arguably exogenous...
Persistent link: https://www.econbiz.de/10012533301
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Monetary Theory from a Chinese Historical Perspective
Xueyi, Zheng - 2010
Europe (and later North America). Imperial China was a politically integrated structure with regional segmentation of … thought, such as later in Europe. Basic concepts such as monetary function, the velocity of circulation, inflation, interest … and deflation and monetary control much like Europe to follow. Monetary thought thus seemingly preceded Western thought …
Persistent link: https://www.econbiz.de/10012462563
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Relaxing the External Constraint : Europe in the 1930s
Eichengreen, Barry - 1990
This paper documents the effects of exchange rates and the external constraint during the interwar years. In the absence of international policy coordination, exchange rate depreciation is shown to have been a necessary precondition for the adoption of policies promoting recovery from the Great...
Persistent link: https://www.econbiz.de/10012475621
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Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86
Fischer, Stanley - 1987
Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and evaluated, with the aim of drawing lessons for monetary policy from the recent historical record. All four countries shifted during this period to money targeting, though with...
Persistent link: https://www.econbiz.de/10012476592
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The Transmission Mechanism of Monetary Policy in Europe : Evidence from Banks' Balance Sheets
Favero, Carlo A. - 1999
Available studies on asymmetries in the monetary transmission mechanism within Europe are invariably based on macro … implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we … study occurred during 1992, when monetary conditions were tightened throughout Europe. Evidence on such tightening is …
Persistent link: https://www.econbiz.de/10012471558
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Central Banks : Evolution and Innovation in Historical Perspective
Bordo, Michael D. - 2017
Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
Persistent link: https://www.econbiz.de/10012453864
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Monetary Policy and the Redistribution Channel
Auclert, Adrien - 2017
This paper evaluates the role of redistribution in the transmission mechanism of monetary policy to consumption. Three channels affect aggregate spending when winners and losers have different marginal propensities to consume: an earnings heterogeneity channel from unequal income gains, a Fisher...
Persistent link: https://www.econbiz.de/10012455230