NBER Papers in Development of the American Economy

w21728 Farley Grubb
Common Currency versus Currency Union: The U.S. Continental Dollar and Denominational Structure, 1775-1776

w21727 Katherine Eriksson
Access to Schooling and the Black-White Incarceration Gap in the Early 20th Century US South: Evidence from Rosenwald Schools

w21710 Michael D. Bordo
Pierre L. Siklos

Central bank Credibility Before and After the Crisis

w21703 Ilyana Kuziemko
Ebonya Washington

Why did the Democrats Lose the South? Bringing New Data to an Old Debate

w21694 Sebastian Edwards
Francis A. Longstaff
Alvaro Garcia Marin

The U.S. Debt Restructuring of 1933: Consequences and Lessons

w21684 Charles W. Calomiris
Matthew Jaremski
Haelim Park
Gary Richardson

Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System

w21647 W. Walker Hanlon
Pollution and Mortality in the 19th Century

w21636 Ran Abramitzky
Economics and the Modern Economic Historian

w21635 Karen Clay
Joshua Lewis
Edson Severnini

Pollution, Infectious Disease, and Mortality: Evidence from the 1918 Spanish Influenza Pandemic

w21625 Lisa Cook
Trevon Logan
John Parman

The Mortality Consequences of Distinctively Black Names

w21606 Assaf Razin
Efraim Sadka

Migration State and Welfare State: Competition vs. Coordination in an Economic Union

w21595 Diego A. Comin
Danial Lashkari
Martí Mestieri

Structural Change with Long-run Income and Price Effects

w21572 Qian Lu
John Wallis

Banks, Politics, and Political Parties: From Partisan Banking to Open Access in Early Massachusetts

w21559 Peter F. Basile
Sung Won Kang
John Landon-Lane
Hugh Rockoff

Towards a History of the Junk Bond Market, 1910-1955

w21553 Matthew S. Jaremski
David C. Wheelock

Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System

w21536 Dan Bogart
The East Indian Monopoly and the Transition from Limited Access in England, 1600-1813

w21522 Xing Li
Megan MacGarvie
Petra Moser

Dead Poet's Property - How Does Copyright Influence Price?

w21503 Matthew Jaremski
Peter L. Rousseau

The Dawn of an ‘Age of Deposits’ in the United States

w21494 Howard Bodenhorn
Double Liability at Early American Banks

w21486 Òscar Jordà
Moritz Schularick
Alan M. Taylor

Leveraged Bubbles

w21450 Leander Heldring
James A. Robinson
Sebastian Vollmer

Monks, Gents and Industrialists: The Long-Run Impact of the Dissolution of the English Monasteries

w21443 Petra Moser
Joerg Ohmstedt
Paul W. Rhode

Patent Citations and the Size of the Inventive Step - Evidence from Hybrid Corn

w21442 Joerg Baten
Nicola Bianchi
Petra Moser

Does Compulsory Licensing Discourage Invention? Evidence From German Patents After WWI

w21435 Jeanne Lafortune
José Tessada
Ethan Lewis

People and Machines: A Look at the Evolving Relationship Between Capital and Skill In Manufacturing 1860-1930 Using Immigration Shocks

w21410 Jean-Pascal Bassino
Marion Dovis
John Komlos

Biological Well-Being in Late 19th Century Philippines

w21384 William J. Collins
Marianne H. Wanamaker

The Great Migration in Black and White: New Evidence on the Selection and Sorting of Southern Migrants

w21375 B. Zorina Khan
Inventing Prizes: A Historical Perspective on Innovation Awards and Technology Policy

w21373 Mark Dincecco
Ugo Troiano

Broadening the State: Policy Responses to the Introduction of the Income Tax

w21371 Filipe Campante
David Yanagizawa-Drott

The Intergenerational Transmission of War

w21349 Wolfgang Keller
Carol H. Shiue
Xin Wang

Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices

w21341 Eugene N. White
Protecting Financial Stability in the Aftermath of World War I: The Federal Reserve Bank of Atlanta's Dissenting Policy

w21296 Robert Z. Lawrence
Recent Declines in Labor's Share in US Income: A Preliminary Neoclassical Account

w21287 Michael D. Bordo
Christopher M. Meissner

Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises

w21284 Barbara M. Fraumeni
Michael S. Christian
Jon D. Samuels

The Accumulation of Human and Nonhuman Capital, Revisited

w21263 Marcella Alsan
Claudia Goldin

Watersheds in Infant Mortality: The Role of Effective Water and Sewerage Infrastructure, 1880 to 1915

w21249 Howard Bodenhorn
Timothy W. Guinnane
Thomas A. Mroz

Sample-selection biases and the “industrialization puzzle”

w21228 Nicola Fuchs-Schuendeln
Tarek Alexander Hassan

Natural Experiments in Macroeconomics

w21221 Hugh Rockoff
War and Inflation in the United States from the Revolution to the First Iraq War

w21217 Nathaniel G. Hilger
The Great Escape: Intergenerational Mobility Since 1940

w21213 Ewout Frankema
Jeffrey Williamson
Pieter Woltjer

An Economic Rationale for the African Scramble: The Commercial Transition and the Commodity Price Boom of 1845-1885

w21195 Eric Hilt
Corporation Law and the Shift toward Open Access in the Antebellum United States

w21153 Ruth H. Bloch
Naomi R. Lamoreaux

Voluntary Associations, Corporate Rights, and the State: Legal Constraints on the Development of American Civil Society, 1750-1900

w21152 Farley Grubb
Colonial New Jersey's Provincial Fiscal Structure, 1709-1775: Spending Obligations, Revenue Sources, and Tax Burdens in War and in Peace

w21074 David M. Byrne
Stephen D. Oliner
Daniel E. Sichel

How Fast are Semiconductor Prices Falling?

w21073 Dora L. Costa
Matthew E. Kahn

Death and the Media: Asymmetries in Infectious Disease Reporting During the Health Transition

w21053 Gary Solon
What Do We Know So Far about Multigenerational Mobility?

w21039 Alan M. Taylor
Credit, Financial Stability, and the Macroeconomy

w21021 Christina D. Romer
David H. Romer

New Evidence on the Impact of Financial Crises in Advanced Countries

w21017 Michael Bordo
Harold James

Capital Flows and Domestic and International Order: Trilemmas from Macroeconomics to Political Economy and International Relations

w21011 Victoria Johnson
Walter W. Powell

Poisedness and Propagation: Organizational Emergence and the Transformation of Civic Order in 19th-Century New York City

w20958 Christian Dippel
Avner Greif
Daniel Trefler

The Rents From Trade and Coercive Institutions: Removing the Sugar Coating

w20945 B. Zorina Khan
‘To Have and Have Not’: Are Rich Litigious Plaintiffs Favored in Court?

w20944 B. Zorina Khan
The Impact of War on Resource Allocation: 'Creative Destruction' and the American Civil War

w20934 Trevon Logan
John Parman

The National Rise in Residential Segregation

w20921 Mikko Packalen
Jay Bhattacharya

Cities and Ideas

w20915 Jeffrey G. Williamson
Latin American Inequality: Colonial Origins, Commodity Booms, or a Missed 20th Century Leveling?

w20890 David J. Deming
Claudia Goldin
Lawrence F. Katz
Noam Yuchtman

Can Online Learning Bend the Higher Education Cost Curve?

w20864 Celeste K. Carruthers
Marianne H. Wanamaker

Municipal Housekeeping: The Impact of Women's Suffrage on Public Education

w20854 B. Zorina Khan
Invisible Women: Entrepreneurship, Innovation and Family Firms in France during Early Industrialization

w20853 B. Zorina Khan
Knowledge, Human Capital and Economic Development: Evidence from the British Industrial Revolution, 1750-1930

w20852 Christopher M. Meissner
The Limits of Bimetallism

w20851 Michael Huberman
Christopher M. Meissner
Kim Oosterlinck

Technology and Geography in the Second Industrial Revolution: New Evidence from the Margins of Trade

w20844 Gianni Toniolo
Eugene N. White

The Evolution of the Financial Stability Mandate: From Its Origins to the Present Day

w20837 Howard Bodenhorn
Prison Crowding, Recidivism, and Early Release in Early Rhode Island

w20836 Barry Eichengreen
Secular Stagnation: The Long View

w20832 Richard S. Grossman
Hugh Rockoff

Fighting the Last War: Economists on the Lender of Last Resort

w20829 Shari Eli
Laura Salisbury

Patronage Politics and the Development of the Welfare State: Confederate Pensions in the American South

w20828 Emily Nix
Nancy Qian

The Fluidity of Race: “Passing” in the United States, 1880-1940

w20824 Michael D. Bordo
Pierre L. Siklos

Central Bank Credibility: An Historical and Quantitative Exploration

w20790 Marc Badia-Miró
Anna Carreras-Marín
Christopher M. Meissner
Christopher M. Meissner

Geography, Policy, or Productivity? Regional Trade in five South American Countries, 1910-1950

w20771 Òscar Jordà
Moritz HP. Schularick
Alan M. Taylor

Betting the House

w20765 Leah Boustan
Robert A. Margo

Racial Differences in Health in Long-Run Perspective: A Brief Introduction

w20755 Michael D. Bordo
Owen F. Humpage
Anna J. Schwartz

The Evolution of the Federal Reserve Swap Lines since 1962

w20750 Tatyana Deryugina
Solomon M. Hsiang

Does the Environment Still Matter? Daily Temperature and Income in the United States

w20737 Frederic S. Mishkin
Eugene N. White

Unprecedented Actions: The Federal Reserve’s Response to the Global Financial Crisis in Historical Perspective

w20734 Wojciech Kopczuk
What Do We Know About Evolution of Top Wealth Shares in the United States?

w20732 B. Zorina Khan
Of Time and Space: Technological Spillovers among Patents and Unpatented Innovations during Early U.S. Industrialization

w20731 B. Zorina Khan
Inventing in the Shadow of the Patent System: Evidence from 19th-Century Patents and Prizes for Technological Innovations

w20728 Walker Hanlon
Antonio Miscio

Agglomeration: A Dynamic Approach

w20693 Michael Bordo
Pierre Siklos

Central Bank Credibility, Reputation and Inflation Targeting in Historical Perspective

w20665 Daron Acemoglu
Tarek A. Hassan
Ahmed Tahoun

The Power of the Street: Evidence from Egypt's Arab Spring

w20658 Peter Temin
The Cambridge History of "Capitalism"

w20656 Michael D. Bordo
Owen F. Humpage

Federal Reserve Policy and Bretton Woods

w20653 Martha J. Bailey
Andrew Goodman-Bacon

The War on Poverty's Experiment in Public Medicine: Community Health Centers and the Mortality of Older Americans

w20636 Douglas A. Irwin
Adam Smith's "Tolerable Administration of Justice" and the Wealth of Nations

w20635 Douglas A. Irwin
Tariff Incidence: Evidence from U.S. Sugar Duties, 1890-1930

w20625 Emmanuel Saez
Gabriel Zucman

Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data

w20603 Kris James Mitchener
Matthew Jaremski

The Evolution of Bank Supervision: Evidence from U.S. States

w20595 Joshua L. Rosenbloom
Donna K. Ginther
Ted Juhl
Joseph Heppert

The Effects of Research & Development Funding On Scientific Productivity: Academic Chemistry, 1990-2009

w20554 Guillaume Bazot
Michael D. Bordo
Eric Monnet

The Price of Stability: The balance sheet policy of the Banque de France and the Gold Standard (1880-1914)

w20544 Carola Frydman
Eric Hilt

Investment Banks as Corporate Monitors in the Early 20th Century United States

w20528 David J. Deming
Noam Yuchtman
Amira Abulafi
Claudia Goldin
Lawrence F. Katz

The Value of Postsecondary Credentials in the Labor Market: An Experimental Study

w20524 Farley Grubb
Jim Celia

Non-Legal-Tender Paper Money: The Structure and Performance of Maryland's Bills of Credit, 1767-1775

w20508 Hunt Allcott
Daniel Keniston

Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America

w20507 Julio J. Rotemberg
The Federal Reserve's Abandonment of its 1923 Principles

w20501 Òscar Jordà
Moritz Schularick
Alan M. Taylor

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

w20491 Alberto Basso
Howard Bodenhorn
David Cuberes

Fertility and Financial Development: Evidence from U.S. Counties in the 19th Century

w20481 Timothy W. Guinnane
Ron Harris
Naomi R. Lamoreaux

Contractual Freedom and the Evolution of Corporate Control in Britain, 1862 to 1929

w20471 W. Walker Hanlon
Temporary Shocks and Persistent Effects in the Urban System: Evidence from British Cities after the U.S. Civil War

w20467 Richard Hornbeck
Daniel Keniston

Creative Destruction: Barriers to Urban Growth and the Great Boston Fire of 1872

w20459 Asaf Bernstein
Eric Hughson
Marc D. Weidenmier

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse

w20446 Vicki Been
Ingrid Gould Ellen
Michael Gedal
Edward Glaeser
Brian J. McCabe

Preserving History or Hindering Growth? The Heterogeneous Effects of Historic Districts on Local Housing Markets in New York City

w20374 Marinho Bertanha
Petra Moser

Spatial Errors in Count Data Regressions

w20356 Eric Hilt
History of American Corporate Governance: Law, Institutions, and Politics

w20326 Roberto Bonfatti
Kevin Hjortshøj O'Rourke

Growth, Import Dependence and War

w20279 Brian Beach
Joseph Ferrie
Martin Saavedra
Werner Troesken

Typhoid Fever, Water Quality, and Human Capital Formation

w20270 Michael D. Bordo
Tales from the Bretton Woods

w20228 Michael D. Bordo
Ehsan U. Choudhri
Giorgio Fazio
Ronald MacDonald

The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered

w20267 Barry Eichengreen
Arnaud J. Mehl
Livia Chițu
Gary Richardson

Mutual Assistance between Federal Reserve Banks, 1913-1960 as Prolegomena to the TARGET2 Debate

w20247 Mario J. Crucini
Gregor W. Smith

Geographic Barriers to Commodity Price Integration: Evidence from US Cities and Swedish Towns, 1732-1860

w20232 Peter H. Lindert
Making the Most of Capital in the 21st Century

w20231 Naomi R. Lamoreaux
Revisiting American Exceptionalism: Democracy and the Regulation of Corporate Governance in Nineteenth-Century Pennsylvania

w20220 Kris James Mitchener
Kirsten Wandschneider

Capital Controls and Recovery from the Financial Crisis of the 1930s

w20219 Mara P. Squicciarini
Nico Voigtländer

Human Capital and Industrialization: Evidence from the Age of Enlightenment

w20201 Laura Salisbury
Women's Income and Marriage Markets in the United States: Evidence from the Civil War Pension

w20198 Jeremy Atack
Matthew S. Jaremski
Peter L. Rousseau

American Banking and the Transportation Revolution Before the Civil War

w20177 Bernard Harris
Roderick Floud
Sok Chul Hong

Food for Thought: Comparing Estimates of Food Availability in England and Wales, 1700-1914

w20107 Peter Temin
Economic History and Economic Development: New Economic History in Retrospect and Prospect

w20112 Davide Cantoni
Yuyu Chen
David Y. Yang
Noam Yuchtman
Y. Jane Zhang

Curriculum and Ideology

w20108 Allison Shertzer
Tate Twinam
Randall P. Walsh

Race, Ethnicity, and Discriminatory Zoning

w20103 Anna Aizer
Shari Eli
Joseph P. Ferrie
Adriana Lleras-Muney

The Long Term Impact of Cash Transfers to Poor Families

w20096 Eric Hilt
Corporate Governance and the Development of Manufacturing Enterprises in Nineteenth-Century Massachusetts

w20087 Christina D. Romer
David H. Romer

Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes, 1952-1991

w20083 Pierre-Cyrille Hautcoeur
Angelo Riva
Eugene N. White

Floating a "Lifeboat": The Banque de France and the Crisis of 1889

w20078 Howard Bodenhorn
Eugene N. White

The Evolution of Bank Boards of Directors in New York, 1840-1950

w20065 Raven Molloy
Christopher L. Smith
Abigail K. Wozniak

Declining Migration within the U.S.: The Role of the Labor Market

w20032 Jeremy Atack
Matthew S. Jaremski
Peter L. Rousseau

Did Railroads Make Antebellum U.S. Banks More Sound?

w20029 Aldo Musacchio
Andre Martinez
Martina Viarengo

Colonial Institutions, Commodity Booms, and the Diffusion of Elementary Education in Brazil, 1889-1930

w19962 Petra Moser
Alessandra Voena
Fabian Waldinger

German-Jewish Emigres and U.S. Invention

w19955 Howard Bodenhorn
Timothy Guinnane
Thomas Mroz

Caveat Lector: Sample Selection in Historical Heights and the Interpretation of Early Industrializing Economies

w19926 Gregory Clark
Kevin Hjortshøj O'Rourke
Alan M. Taylor

The Growing Dependence of Britain on Trade during the Industrial Revolution

w19924 Alan M. Taylor
The Argentina Paradox: Microexplanations and Macropuzzles

w19903 Farley Grubb
A New Approach to Solving the Colonial Monetary Puzzle: Evidence from New Jersey, 1709-1775

w19895 Robert J. Gordon
The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections

w19881 Alan Barreca
Karen Clay
Joel Tarr

Coal, Smoke, and Death: Bituminous Coal and American Home Heating

w19862 Philip J. Cook
Kenneth Dodge
George Farkas
Roland G. Fryer
Jonathan Guryan
Jens Ludwig
Susan Mayer
Harold Pollack
Laurence Steinberg

The (Surprising) Efficacy of Academic and Behavioral Intervention with Disadvantaged Youth: Results from a Randomized Experiment in Chicago

w19861 Peter H. Lindert
Jeffrey G. Williamson

American Colonial Incomes, 1650-1774

w19860 Martha J. Bailey
Nicolas J. Duquette

How Johnson Fought the War on Poverty: The Economics and Politics of Funding at the Office of Economic Opportunity

w19844 Raj Chetty
Nathaniel Hendren
Patrick Kline
Emmanuel Saez
Nicholas Turner

Is the United States Still a Land of Opportunity? Recent Trends in Intergenerational Mobility

w19806 Charles W. Calomiris
Mark Carlson

Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s

w19802 Alan Fernihough
Kevin Hjortshøj O'Rourke

Coal and the European Industrial Revolution

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