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作者：Thomson, David K.
作者单位：Sacred Heart University
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作者：Lennard, Jason; Paker, Meredith M.
作者单位：London School Economics & Political Science; University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK; Grinnell College
摘要：This paper evaluates how a major policy shift-the suspension of the gold standard in September 1931-affected employment outcomes in interwar Britain. We use a new high-frequency industry-level dataset and difference-in-differences techniques to isolate the impact of devaluation on exporters. At the micro level, the break from gold reduced the unemployment rate by 2.7 percentage points for export-intensive industries relative to non-export industries. At the aggregate level, this effect stimula...
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作者：Duran, Xavier; Guerra-Espana, Jorge
摘要：The slow adoption of wagon transport in the Andes is a puzzle. We examine it by developing a threshold technology-adoption model calibrated using human and mule energy consumption and unique historical data from a human trail and the first wagon road in the Andes. Model predictions align with historical social choices. Pre-Columbians selected a straight, steep, short route for human porters to reduce energy costs, while the Spanish used it with mule packs. Late nineteenth-century transport dem...
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作者：Wu, Jing
作者单位：Princeton University
摘要：This paper investigates the relationship between economic conditions and incarceration in the postbellum United States. Leveraging unique administrative prison records in Missouri from 1850 to 1931 and the differential exposure to national agricultural price changes across counties, I find that positive economic shocks reduce prison admission rates for all crime categories, and negative shocks increase prison admission rates, with the relationship being larger for negative shocks. Although rac...
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作者：Lecci, Marco; Panza, Laura; Swee, Eik Leong; Zanella, Giulio
作者单位：University of Melbourne; University of Bologna
摘要：We study how anti-fascist opposition during Mussolini's dictatorship affects post-war support for right-wing parties in Italy. We construct a measure of anti-fascism from the universe of recorded opponents, and use newly digitized historical data to resolve simultaneity between the supply of opposition and the demand for repression, leveraging the random assignment of judges to the Special Tribunal for the Defense of the State. Stronger local opposition leads to weaker support for right-wing p...
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作者：Bignon, Vincent; Jobst, Clemens
作者单位：Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); European Central Bank; Bank of France; University of Vienna
摘要：We provide empirical evidence that central banks can mitigate economic crises more efficiently when they extend eligibility for their discount facility to any safe asset or solvent agent. Nineteenth-century France serves as a case study to circumvent endogeneity. Following 1863, an agricultural pandemic increased defaults outside agriculture. We exploit specificities of the discount window to create exogenous variation in central bank access. Regressions show that while the demand shock brough...
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作者：Bach, Maria
作者单位：University of Lausanne
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作者：Bodenhorn, Howard
作者单位：Clemson University; National Bureau of Economic Research
摘要：Using data on interbank relationships and note holdings in Pennsylvania, I estimate the probability that a bank will redeem the notes of other banks by the distance separating them. If two banks were separated by 50 miles, there was a 40 percent probability that a bank would hold the notes of another at a given time. At 200 miles, the estimated probability is virtually zero. My analysis of notes discounted by a small-town, Connecticut banknote broker reveals that distant notes were offered by ...
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作者：[Anonymous]
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作者：Xing, Youwei
作者单位：State University System of Florida; Florida State University
