This paper investigates the effect of uncertainty on the volatility of the Mexican peso U.S. dollar exchange rate for the period 1999 - 2018. The empirical analysis consists on estimating a model by OLS and System GMM that includes measures of economic, political, and financial uncertainty, both...

Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially emerged in many European countries after World War I. We demonstrate that economic policy uncertainty was instrumental in pushing a subset of European countries into...

Inhaltsverzeichnis: Preface / by Hosoya Yūichi -- Introduction / by Iokibe Kaoru -- The Yoshida Shigeru years: independently coming to terms with the historical memory issue / by Takeda Tomoki -- The Satō Eisaku years: historical memory in a time of rapid econimic growth / by Murai Ryōta --...

This paper studies the persistence of a large, unexpected, and regionally very unevenly distributed population shock, the inflow of eight million ethnic Germans from Eastern Europe to West Germany after World War II. Using detailed census data from 1939 to 1970, we show that the shock had a...

This paper studies how the local environment in receiving counties affected the economic, social, and political integration of the eight million expellees who arrived in West Germany after World War II. We first document that integration outcomes differed dramatically across West German...

While the role of illegal markets in contemporary inner-state wars has drawn considerable attention from both researchers and policy makers, very little is known about the fate of these "war economies" after the end of violent conflict. This paper aims to contribute to an understanding of the...

Over the past twenty-five years the Duke history of economics faculty, together with the collection development librarians in the David M. Rubenstein Rare Book and Manuscript Library, have been gathering the papers of notable (mostly) twentieth century economists in what is now called The...

While the first half of the 20th century was characterized by total war, the second half witnessed, at least in the Western world, a massive expansion of the modern welfare state. A growing share of the population was covered by ever more generous systems of social protection that dramatically...

Die Geschichte der Neuen Heimat beginnt als regionales Hamburger Wohnbauunternehmen 1926, das 1933 von der Deutschen Arbeitsfront übernommen wurde und nach seiner Wiedergründung im Jahr 1950 zur größten Wohnungsbaugesellschaft der nicht-kommunistischen Welt aufstieg. Mehr als ein halbes...

With Britain's empire collapsing and Stalin ascendent, U.S. officials set out to reconstruct Western Europe as a bulwark against communist authoritariansim. This is the story of the Marshall Plan and the birth of the Cold War: a gripping account of the seminal episodes marking the post-WWII...

Reconstruction from conflict is a complex and demanding task, and a major challenge for post-conflict countries as well as the international community. Countries and their donor partners face multiple priorities - rebuilding infrastructure, assisting war-damaged communities, and re-creating...

This essay suggest a theoretical framework for studying the accumulation process in an historical perspective. This framework comprises the expansion routes effectively or potentially open to big firm growth, available channels for funding investment expenditures and the barriers to corporate...