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作者:Universite de Montreal
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作者:University of Hawaii System
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作者:George Washington University
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作者:The Vanguard Group, Inc.; Chapman University System; Chapman University
摘要:We identify the longest expansion in U.S. history, a recession-free 16-year period from 1841 to 1856 that we call America's First Great Moderation. Using newer data on industrial production, we show that the record-long expansion was primarily driven by a boom in transportation-goods investment following the discovery of gold in California. Furthermore, the low volatility of industrial production and stock returns during the First Great Moderation, which occurred during a period without a U.S....
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作者:Magna Graecia University of Catanzaro
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作者:AT&T; Korea Environment Institute (KEI); Rutgers University System; Rutgers University New Brunswick
摘要:We present a new monthly index of the yields on junk bonds (high risk, high yield bonds) for the period 1910-1955. This index supplements the indexes of government bond yields, and Aaa and Baa corporate bond yields economic historians have relied on previously to describe the long-term risk spectrum. First, we describe our sources and methods. Then we show that our junk bond index contains information that is not in the closest alternative, and suggest some ways that the junk bond index could ...
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作者:Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
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作者:University Saint-Louis - Bruxelles; University of Southern California
摘要:Inconsistent measurement of ship tonnage, the denominator in the usual measures of crowded conditions on slave vessels, may confound estimated associations between crowding and slave mortality on the Middle Passage. The tonnages reported in Lloyd's Registers are shown to be consistent over time and are used to demonstrate that both the unstandardized and standardized tonnages in the Transatlantic Slave Trade Database are deeply flawed. Using corrected tonnages, we find that crowding increased ...
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作者:New York University
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作者:University of California System; University of California Los Angeles