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This article contributes new time series for studying the UK economy during World War I and the interwar period. The time series are per capita hours worked and average capital income, labor income, and consumption tax rates. Uninterrupted time series of these variables are provided for an...
Persistent link: https://www.econbiz.de/10010547895
This article contributes new time series for studying the UK economy during World War I and the interwar period. The time series are per capita hours worked and average capital income, labor income, and consumption tax rates. Uninterrupted time series of these variables are provided for an...
Persistent link: https://www.econbiz.de/10008917756
This article contributes new time series for studying the UK economy during World War I and the interwar period. The time series are per capita hours worked and average capital income, labor income, and consumption tax rates. Uninterrupted time series of these variables are provided for an...
Persistent link: https://www.econbiz.de/10011185971
The Spanish 2nd Republic (1931-1936) witnessed one of the fastest and deepest processes of popular mobilization in interwar Europe, generating a decisive reactionary wave that brought the country to the Civil War (1936-1939). We show in the paper that both contemporary comment and part of the...
Persistent link: https://www.econbiz.de/10010670771
Text of a speech held at the University of Rome in 1965. The author discusses the economic policy of Fascism, claiming that several of its characteristic features, e.g. the policy of industrial and financial bailouts, the policy of industry cartels and firms' groups, and protectionism, were part...
Persistent link: https://www.econbiz.de/10010765189
We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the postwar shock. We show that this shock and its consequences were more important than...
Persistent link: https://www.econbiz.de/10004988414
This paper provides a description of the economic growth process and its major characteristics in the Netherlands from the 1930s up to the present. The first part presents some main characteristics of the long-run growth performance of the Dutch economy. It is shown that the Netherlands has...
Persistent link: https://www.econbiz.de/10005114219
The proposed paper will discuss the controversy on Germany’s economic recovery after the Depression and the role Nazi work creation programs had therein. Economic data suggests evidence of a cyclical turning point of the economic crisis in the summer of 1932 with some leading indicators...
Persistent link: https://www.econbiz.de/10005121203
The ‘new economy’ of the 1990s saw improving Phillips curve trade-offs coupled with faster productivity growth, particularly in the United States. This has led to a revival of the idea that there is an inverse relationship between productivity growth and the Non-Accelerating Inflation Rate...
Persistent link: https://www.econbiz.de/10005123578
Using the business cycle accounting framework [Chari V., P. Kehoe and E. McGrattan 2007. Business cycle accounting. Econometrica 75, 781–836.], this paper sheds new light on the French Great Depression. Frictions that reduce the efficiency with which factor inputs are used (efficiency wedge)...
Persistent link: https://www.econbiz.de/10010681819