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作者:University of Arizona
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作者:University of North Carolina; University of North Carolina Greensboro
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作者:Central Michigan University
摘要:While economists predicted a return to double-digit unemployment rates during the reconversion from World War II, this outcome did not materialize. This article explores the role that the significant rise in net exports-which accounted for nearly 4 percent of GDP in 1946 and 1947-played in helping the United States avoid a postwar unemployment problem. Using an input-output analysis, we find that the export surplus directly accounted for 1.33 million jobs in 1946 and 1.97 million jobs in 1947....
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作者:Yale University; National Bureau of Economic Research
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作者:Rensselaer Polytechnic Institute
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作者:University of Oxford
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作者:INRAE
摘要:Building on a large sample of elderly French individuals, we evaluate the resources that were available to the old. We find that a considerable percentage of the French population did not have sufficient assets to live off of when aged. We compare the savings behaviors of pensioners and non-pensioners at a time when only a small part of the labor force was entitled to a pension. We show that pensioners were better able to accumulate wealth than were non-pensioners, even when we take into accou...
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作者:University of Kansas
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作者:University of California System; University of California Santa Cruz
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作者:University of Virginia; Columbia University
摘要:Focusing on the New York banking sector, we analyze a neglected, but profound impact of the National Banking Acts. By resisting federal banking legislation and boycotting newly chartered national banks, the New York Clearing House Association members created market opportunities for the new entrants to dominate the correspondent banking market. The new entrants' aggressive tactics including interest payments on deposits increased their vulnerability to panicky withdrawals by country banks. The...