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The rise of money and class society: The contributions of John F. Henry

Semenova, Alla; Wray, L. Randall - 2015

This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels to the case of ancient Egypt. In doing so, the paper examines the historical applicability of the chartalist and metallist theories of money. It will be shown that the origins...

Persistent link: https://www.econbiz.de/10010513079

Liquidity preference theory revisited: to ditch or to build on it?

Bibow, Jörg - 2005

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and policy. Contrary to the neoclassical special case...

Persistent link: https://www.econbiz.de/10010266545

The role of MPC heterogeneity for fiscal and monetary policy in the Euro Area

Albacete, Nicolas; Fessler, Pirmin; Pekanov, Atanas - 2024

- we employ data of 22 European countries to assess the role of heterogeneity of the marginal propensity to consume (MPC …) for fiscal policy in the Euro area. We document an average MPC of 0.46 in the Euro area and illustrate its heterogeneity … (empirically measured heterogeneity of) MPC affects fiscal policy and makes it more effective in stimulating GDP growth than under …

Persistent link: https://www.econbiz.de/10014494981

Intergenerational transmission of risk attitudes: The role of gender, parents and grandparents in Burkina Faso

Sepahvand, Mohammad H.; Shahbazian, Roujman - 2017

This study investigates the intergenerational transmission of risk attitudes for three risk domains in Burkina Faso. First, our results shows a strong transmission of attitudes from parents to children. Although, estimates from intergenerational transmission of risk attitudes in developing...

Persistent link: https://www.econbiz.de/10012013505

Sibling correlation in risk attitudes: Evidence from Burkina Faso

Sepahvand, Mohammad H.; Shahbazian, Roujman - 2018

This study uses sibling correlation to investigate the importance of parental and household characteristics on three different risk domains collected in a nationally representative survey from Burkina Faso. Sibling correlations are between 0.51 and 0.83. The correlations are higher in the...

Persistent link: https://www.econbiz.de/10012013513

Economic origins of cultural norms: The case of animal husbandry and bastardy

Eder, Christoph; Halla, Martin - 2017

This paper explores the historical origins of the cultural norm regarding illegitimacy (formerly known as bastardy). We test the hypothesis that traditional agricultural production structures influenced the historical illegitimacy ratio, and have had a lasting effect until today. Based on data...

Persistent link: https://www.econbiz.de/10011916764

Natural Disasters and Demand for Redistribution: Lessons from an Earthquake

Gualtieri, Giovanni; Nicolini, Marcella; Sabatini, Fabio; … - 2018

The literature shows that when a society believes that wealth is determined by random “luck” rather than by merit, it demands more redistribution. Adverse shocks, like earthquakes, strengthen the belief that random “bad luck” can frustrate the outcomes achieved with merit. We...

Persistent link: https://www.econbiz.de/10011957007

The role of obedience and the rule of law during the pandemic

Çakmaklı, Cem; Demiralp, Selva; Yeşiltaş, Sevcan; … - 2021

Despite the mounting costs of the pandemic at the global scale, the country-specific costs were rather heterogenous. National performances varied depending on the restrictive measures adopted, institutional strength, as well as adherence to stringency measures. We illustrate that obedience and...

Persistent link: https://www.econbiz.de/10012628455

Money, power, and monetary regimes

Tcherneva, Pavlina R. - 2016

Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relationship, measured in a unit of account determined by some authority. A brief historical examination reveals its evolving nature in the process of social provisioning. Money not only...

Persistent link: https://www.econbiz.de/10011784651

Seeds of distrust: Conflict in Uganda

Rohner, Dominic; Thoenig, Mathias; Zilibotti, Fabrizio - 2011

We study the effect of civil conflict on social capital, focusing on the experience of Uganda during the last decade. Using individual and county-level data, we document causal effects on trust and ethnic identity of an exogenous outburst of ethnic conflicts in 2002-04. We exploit two waves of...

Persistent link: https://www.econbiz.de/10010316943

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