to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are …

trade reinforced each other before 1930, but that these effects did not persist after the Second World War. Financial … after 1945. We attribute the rising importance of trade in explaining growth to major post-World War II changes in tariffs …

both domestic and international aspects of the monetary regime before World War I has since declined in its relevance At … the same time, policymakers within major nations placed more emphasis on stabilizing the real economy. In the post-World …, combined with the legacy of inadequate policy tools and theory from the interwar period set the stage for the Great Inflation …