Eichengreen, Barry; Ritschl, Albrecht - In: Cliometrica, Journal of Historical Economics and … 3 (2009) 3, pp. 191-219
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...