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developing nation today. We construct a "corruption and fraud index" using word counts from a large number of newspapers for 1815 … to 1975, supplemented with other historical facts. The index reveals that America experienced a substantial decrease in … the "corruption and fraud index" is about five times its level from the end of the Progressive Era to the 1970s. If the …
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developing nation today. We construct a "corruption and fraud index" using word counts from a large number of newspapers for 1815 … to 1975, supplemented with other historical facts. The index reveals that America experienced a substantial decrease in … the "corruption and fraud index" is about five times its level from the end of the Progressive Era to the 1970s. If the …
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"Like many other assets, housing prices are quite volatile relative to observable changes in fundamentals. If we are going to understand boom-bust housing cycles, we must incorporate housing supply. In this paper, we present a simple model of housing bubbles that predicts that places with more...
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