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作者:Trinity College
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作者:Indiana University System; Indiana University Bloomington; National Bureau of Economic Research
摘要:Beliefs shape the choices of institutions. Beliefs are generally stable, but shocks that cause sufficiently unexpected economic and political outcomes make beliefs malleable. Within these windows of opportunity, leadership can play a role in shaping a new belief among the dominant organizations that in turn generates new institutions and over time a possible transition to a new developmental trajectory.
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作者:Amherst College
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作者:American University; University of Iowa; National Bureau of Economic Research
摘要:We study the effect of political uncertainty on economic outcomes using the case of Huey Long's tenure as governor and senator of Louisiana during the Great Depression. Based on primary sources, we construct two well-established measures of uncertainty specifically for Louisiana: stock price volatility and newspaper mentions of terms related to uncertainty and the economy. Combining these uncertainty measures with employment data from the Census of Manufactures, we attempt to identify the effe...
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作者:Vanderbilt University
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作者:Bocconi University; Bocconi University
摘要:This article provides an overview of recent literature on plagues and other lethal epidemics, covering the period from late Antiquity to ca. 1800. We analyze the main environmental and institutional factors that shaped both the way in which a plague originated and spread and its overall demographic and socioeconomic consequences. We clarify how the same pathogen shows historically different epidemiological characteristics, and how apparently similar epidemics could have deeply different conseq...
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作者:University of Essex
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作者:Allegheny College
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作者:Williams College
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作者:Queens University Belfast
摘要:This article investigates the impact of the socioreligious segregation of Dutch society on the asset allocation choices of rural bankers and the withdrawal behavior of their depositors during the early 1920s. Results suggest that cooperatively-owned Raiffeisen banks for both Catholic and Protestant minority groups could limit their exposure to a debt-deflation crisis, despite operating more precarious balance sheets than banks for majorities. Business histories demonstrate how strict membershi...