作者:Federal Reserve System - USA; Federal Reserve Bank - Richmond; George Mason University
摘要:Why is it that some countries adopted growth enhancing institutions earlier than others during the early modem period? We address this question through a comparative study of the evolution of French and Ottoman fiscal institutions. During the sixteenth century, both countries made extensive use of tax farming to collect revenue, however, uncertain property rights caused by fiscal pressure led to different paths of institutional change in each state. In France, tax collectors successfully overc...
作者:University of Massachusetts System; University of Massachusetts Lowell
作者:University of California System; University of California Irvine; National Bureau of Economic Research; University of Michigan System; University of Michigan
摘要:Bank distress peaked in New York City, at the center of the United States money market, in July and August 1931, when the banking crisis peaked in Germany and before Britain abandoned the gold standard. This article tests competing theories about the causes of New York's banking crisis. The cause appears to have been intensified regulatory scrutiny, which was a delayed reaction to the failure of the Bank of United States, rather than the exposure of money center banks to events overseas.
作者:University of California System; University of California San Diego
摘要:This article presents new estimates of time spent in home production in the United States during the twentieth century. Historical time-diary studies for various segments of the population are linked to estimates from recent time use surveys. The new estimates suggest that time spent in home production by prime-age women fell by around six hours from 1900 to 1965 and by another 12 hours from 1965 to 2005. Time spent by prime-age men rose by 13 hours from 1900 to 2005. Average across the entire...