Some studies find that real equity prices in economies damaged during World War II tended to rise sharply at the … beginning of actual damage taking place during the war. This paper introduces an empirically plausible degree of persistence … from the impact of World War II and demonstrates that stock market booms in economies damaged during the war are consistent …

collaborating with a regime that was inexorably moving toward war. Although Britain hoped that the wartime economic alliance with … the United States would continue after World War II, the American business community reconnected with West Germany to …

collaborating with a regime that was inexorably moving toward war. Although Britain hoped that the wartime economic alliance with … the United States would continue after World War II, the American business community reconnected with West Germany to …