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The Diffusion of New Institutions : Evidence from Renaissance Venice's Patent System

Comino, Stefano - 2017

What factors affect the diffusion of new economic institutions? This paper examines this question by exploiting the introduction of the first regularized patent system, which appeared in the Venetian Republic in 1474. We begin by developing a model that links patenting activity of craft guilds...

Persistent link: https://www.econbiz.de/10012453595

Country studies

Blanchard, Olivier (contributor) - 1994

Persistent link: https://www.econbiz.de/10000122609

The Transmission Mechanism of Monetary Policy in Europe : Evidence from Banks' Balance Sheets

Favero, Carlo A. - 1999

implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …

Persistent link: https://www.econbiz.de/10012471558

Implied Exchange Rate Distributions : Evidence from OTC Option Markets

Campa, Jose M. - 1997

This paper uses a rich new data set of option prices on the dollar-mark, dollar-yen, and key EMS cross-rates to extract the entire risk-neutral probability density function (pdf) over horizons of one and three months. We compare three alternative smoothing methods---cubic splines, an implied...

Persistent link: https://www.econbiz.de/10012472635

Were Trade and Factor Mobility Substitutes in History?

Collins, William J. - 1997

Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...

Persistent link: https://www.econbiz.de/10012472755

International Transmission Under Bretton Woods

Stockman, Alan C. - 1992

This paper explores the main channels of international transmission of economic disturbances under the Bretton Woods System and presents evidence on the short-run international transmission of inflation under that system. There appears to have been little short-run international transmission of...

Persistent link: https://www.econbiz.de/10012474846

Productivity and Machinery Investment : A Long Run Look 1870-1980

De Long, J. Bradford - 1991

Over the past century the long-run growth of six economies shows a strong association between investment in machinery and economic growth that holds both within and across nations and periods. A similar strong association holds for the post-world War II period for a broader cross section of...

Persistent link: https://www.econbiz.de/10012475084

Tastes and Technology in a Two-Country Model of the Business Cycle : Explaining International Comovements

Stockman, Alan C. - 1990

This paper studies the international transmission of business cycles by developing a two-country real business-cycle model and confronting it with a broad set of empirical observations. These observations include variances and covariances of output, labor, consumption, employment, and investment...

Persistent link: https://www.econbiz.de/10012475480

Post-War Economic Growth in the Group-of-Five Countries : A New Analysis

Boskin, Michael J. - 1990

Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all … France, West Germany and Japan, and between 8 and 10 percent per annum for the U.K. and the U.S. for the period under study …, the productive efficiencies of France, West Germany and Japan rose rapidly from less than 40 percent of the U.S. level in …

Persistent link: https://www.econbiz.de/10012475512

Who Are the Hand-to-Mouth?

Aguiar, Mark A. - 2020

Many households hold little wealth, especially liquid wealth. In precautionary savings models, absent preference heterogeneity, these households should display not only higher marginal propensities to consume (MPCs), but also lower average propensities to consume (APCs) and higher future...

Persistent link: https://www.econbiz.de/10012479167