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This study on the late-medieval decline of English manorial demesne agriculture is based on the Germanic paradigm of Gutsherrschaft and Grundherrschaft, which historians have utilized to explain the transformation of feudal agriculture, east of the Elbe River, from the 15th to the 18th...
Persistent link: https://www.econbiz.de/10008855770
This paper is a critique of Michael Postan's famous Malthusian-Ricardo model demonstrating that late-medieval prices and wages were essentially determined by demographic factors, especially after the Black Death, while contending that monetary factors played no role in determining prices or...
Persistent link: https://www.econbiz.de/10010575181
This paper studies the joint business cycle dynamics of inflation, money growth, nominal and real interest rates and the velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to cash consumption as well as a banking sector....
Persistent link: https://www.econbiz.de/10005857754