Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...

Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...

This paper explores the relationship between Nazi membership and social mobility using a unique and highly detailed dataset of military conscripts and volunteers during the Third Reich. We find that membership of a Nazi organisation is positively related to social mobility when measured by the...

The 1953 London Debt Agreement settled Germany's debts from the period between the two world wars and allowed the country to re-establish its role in international capital markets. The Agreement wrote down the overall debt by about 50 percent, gave the debtors a much longer period to repay, and...

This short article introduces the German Cliometrics Database as the foundation for an article by Jopp and Spoerer (2024) who trace cliometric research on German history. This newly constructed database of every publication that (1) contributes to the historiography of Germany and (2) employs,...

Berlin, 24. Dezember 1915: Was tun? Proletarier sind gefallen und Dividenden gestiegen. Die Kriegsgewinne der Unternehmen jetzt nicht zu besteuern, würde den Burgfrieden im Reichstag riskieren. Sie zu besteuern hieße, die Produktion der dringend benötigen Waffen zu gefährden und die...