作者：University of Michigan System; University of Michigan
作者：Queens University Belfast; University College Dublin
摘要：The frequency of bad harvests and price elasticity of demand are measured using new data on English grain yields 1268-1480 and 1750-1850 and a revised price series. The analysis shows that major harvest shortfalls were a significant component of most historical subsistence crises, as back-to-back shortfalls were of the worst famines. Although serious harvest shortfalls long remained an unavoidable fact of economic life, by c.1800 yields had become less variable and prices less harvest sensitiv...
作者：Boston University; Paris School of Economics; Universite PSL; Ecole Normale Superieure (ENS)
摘要：In the 1730s and 1750s the English government proposed to refinance the redeemable debt by lowering the interest rate. In the ensuing coordination game among creditors, large investors like the Bank of England could block the policy change by demanding cash. Using 4 percent and 3 percent annuities prices to analyze market expectations, this article studies two refinancing episodes with very different fates. Lord Barnard failed in 1737 because his terms were too strict and financial agents indu...
作者：University System of Maryland; University of Maryland College Park
作者：University System of Ohio; University of Toledo
作者：European University Institute
