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Persistent link: https://www.econbiz.de/10014540327
Looking at house price cycles across the OECD since 1970, we find a strong relationship between the size of the initial rise in price and its subsequent fall. Were this relationship to hold for Ireland, it would predict falls of real house prices of 40 to 60 per cent over a period of 8 to 9...
Persistent link: https://www.econbiz.de/10010272357
Existing studies find little connection between living standards and mortality in England, but go back only to the sixteenth century. Using new data on inheritances, we extend estimates of mortality back to the mid-thirteenth century and find, by contrast, that deaths from unfree tenants to the...
Persistent link: https://www.econbiz.de/10010292814
We investigate by how much the Little Ice Age reduced the harvests on which pre-industrial Europeans relied for survival. We find that weather strongly affected crop yields, but can find little evidence that western Europe experienced long swings or structural breaks in climate. Instead, annual...
Persistent link: https://www.econbiz.de/10010292828
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Persistent link: https://www.econbiz.de/10010292834
We analyze the timing and extent of northern European temperature falls during the Little Ice Age, using standard temperature reconstructions. However, we can find little evidence of long swings or structural breaks in European weather before the twentieth century. Instead, European weather...
Persistent link: https://www.econbiz.de/10010293647
The ramifications of the Little Ice Age, a period of cooling temperatures straddling several centuries in northwestern Europe, reach far beyond meteorology into economic, political, and cultural history. The LIA has spawned a series of resonant images that range from frost fairs to contracting...
Persistent link: https://www.econbiz.de/10010293648
Using Department of Environment data on number of mortgages by size category we find that the Weibull distribution accurately models the distribution of loans under €300,000 but severely underestimates the number of larger loans. We therefore use a a Pareto distribution for loans above this...
Persistent link: https://www.econbiz.de/10010293660
This paper surveys the results of four recent, separate attempts at estimating agricultural output and food availability in England and Wales at points between the Middle Ages and the Industrial Revolution. It highlights their contrasting implications for trends in economic growth and...
Persistent link: https://www.econbiz.de/10010293667