This article studies female participation rates as entrepreneurs during the 1877- 1908 period using data from the Santiago business license registry, census data and the trademark registry. The evidence reveals that business women in Santiago increased from 3 to 14 percent of the female labor...

During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....

We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression. To do this, we first estimate a dynamic, general equilibrium model using data from the 1920s and 1930s. Although the model includes eight...