Under what circumstances do democratic as opposed to authoritarian institutions emerge? Although a large literature has tackled this question (see Acemoglu et al. 2001, Acemoglu and Robinson 2012, Engerman and Sokoloff 2000), we still have an imperfect knowledge of how representative institutions originate and change.
What explains political institutions? Evidence from colonial British America
Elena Nikolova, 17 August 2012
International trade and institutional change: Medieval Venice's response to globalisation
Diego Puga, Daniel Trefler, 5 August 2012
Vox readers can download CEPR Discussion Paper 9076 for free here.
How universities helped transform the medieval world
Davide Cantoni, Noam Yuchtman, 21 May 2012
How does a new form of knowledge enter the public sphere and what are the consequences for economic activity? Today, thousands of students are pursuing university degrees in biotechnologies and computer sciences in order to enter the high-tech labour force or to become entrepreneurs. Do the institutions that train them generate economic growth?
Hatred transformed: How Germans changed their minds about Jews, 1890-2006
Hans-Joachim Voth, Nico Voigtländer, 1 May 2012
How and when do people change their minds? For example, watching a popular television series like AMC’s Mad Men seems to transport us straight to another planet. It shows the lives of advertising executives on Madison Avenue in the 1960s who spend their days drinking heavily (from 9am), chain-smoking, and fornicating.
Europe requires European bonds
Christophe Chamley, 10 January 2012
The ongoing Eurozone crisis has at least four dimensions:
What really happened during the Glorious Revolution – and why it matters for current fiscal crises
Steven CA Pincus, James A Robinson, 7 August 2011
Debt crises and fiscal problems are nothing new. On 2 January 1672, King Charles II of England put a “stop on the exchequer,” suspending repayment of his debts for a year. Such events would have been more common for the Stuart kings if people had been prepared to lend them money in the first place.
The “Out of Africa” hypothesis, human genetic diversity, and comparative economic development
Quamrul Ashraf, Oded Galor, 1 August 2011
Existing theories of comparative development seek to explain the vast inequality in living standards around the world.
From lender of last resort to global currency? Sterling lessons for the US dollar
Marc Flandreau, Stefano Ugolini, 23 July 2011
Financial crises are bad news for the status of the currency in which the turmoil is denominated, right?
So the US-made financial crisis must be bad for the dollar, right?
And especially so because of the expansive dollar monetary policy that has ensued, right?
Opening Pandora’s box: A new look at the industrial revolution
Tony Wrigley, 22 July 2011
The most fundamental defining feature of the industrial revolution was that it made possible exponential economic growth – growth at a speed that implied the doubling of output every half-century or less. This in turn radically transformed living standards. Each generation came to have a confident expectation that they would be substantially better off than their parents or grandparents.
America’s Revolution: Economic disaster, development, and equality
Peter H. Lindert, Jeffrey G. Williamson, 15 July 2011
When did American growth really take off? Did it accelerate only in the 1840s, or was it earlier, perhaps even before the revolution?
This debate over early American growth after the revolution has always been hampered by a lack of data and by the revolution itself. The colonial era covers even more contested territory, marked by little firm evidence.
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Do entrepreneurs matter?Becker, Hvide
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
CEPR Policy Research
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- Does Supporting Passenger Railways Reduce Road Traffic Externalities?Lalive, Luechinger, Schmutzler