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作者:George Mason University
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作者:York University - Canada
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作者:Santa Clara University; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); Claremont Colleges; Claremont McKenna College; Claremont Graduate University
摘要:We use a standard metric from international finance, the currency risk premium, to assess the credibility of fixed exchange rates during the classical gold standard em. Theory suggests that a completely credible and permanent commitment to join the gold standard would have zero currency risk or no expectation of devaluation. We find that, even five years after a typical emerging-market country joined the gold standard, the currency risk premium averaged at least 220 basis points. Fixed-effects...
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作者:California Institute of Technology; California Institute of Technology
摘要:Although politics has a huge effect on economic outcomes, we still know too little about what public goods states furnish or what determines the laws, regulations, and policies that states adopt. Worse yet, we do not really understand how states arise in the first place and how they gain the ability to tax. There are numerous unanswered questions here that economic historians can profitably work on, and their research will be particularly valuable if they model the politics, gather data on tax...
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作者:University System of Ohio; Ohio State University; National Bureau of Economic Research
摘要:The higher calorie levels reported in Gazeley, Newell, Bezabith (2015) are a function of a conversion of food quantities to calories that is weighted towards contemporary, calorie-rich foods. Their conversion uses the full distribution of contemporary foods and should not be applied to historical populations. Since Gazeley, Newell, Bezabith assume that industrial workers in the past had access to contemporary foods, the revised calorie levels reflect contemporary diets rather than historical d...
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作者:Yale University
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作者:Regis University
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作者:Universidad de Valladolid