作者：City St Georges, University of London
作者：Mixon, Scott
摘要：This article analyzes asset pricing behavior during the period leading up to the Crisis of 1873. Evidence is presented that equities, options, and bonds priced risks consistently, suggesting that investors were actively monitoring the risk of investing and were not caught up in an irrational, speculative mania. Implied probability density functions for stock returns suggest that option markets exhibited growing concern about substantial price declines prior to the crash. Concerns were concentr...
作者：University of London; London School Economics & Political Science
摘要：International productivity comparisons are often plagued by discrepancies between benchmark estimates and time series extrapolations. Broadberry and Burhop present both types of evidence for the Anglo-German comparison. For their preferred data, they find only a minimal German productivity lead prior to World War I, while use of a revised industrial output series for Germany by Ritschl leads to implausible results. This article presents further time series revisions and substantial corrections...
作者：University of Vermont; Middlebury College
作者：Rutgers University System; Rutgers University New Brunswick
