What caused the recovery from the British Great Depression? A leading explanation - the "expectations channel" - suggests that a shift in expected inflation lowered real interest rates and stimulated consumption and investment. However, few studies have measured, or tested the economic...

Recent research in economic history has found that mortgage debt in relation to GDP has taken off in the historical long run ("great mortgaging"), as growing banking assets have been redirected into mortgage credit. This paper maps the parallel long-run investment history of private (life)...

In the seventeenth and eighteenth centuries, historians of England pioneered a series of new approaches to the history of economic policy. Commerce, finance and statecraft charts the development of these forms of writing and explores the role they played in the period's economic, political and...