Artículo: Three-generation Mobility in the United States, 1850-1940: The Role of Maternal and Paternal Grandparents

Claudia Olivetti, M. Daniele Paserman y Laura Salisbury publicaron Three-generation Mobility in the United States, 1850-1940: The Role of Maternal and Paternal Grandparents. Ellos lo resumen "This paper estimates intergenerational elasticities across three generations in the United States in the late 19th and early 20th centuries. We extend the methodology in Olivetti and Paserman (2015) to explore the role of maternal and paternal grandfathers for the transmission of economic status to grandsons and granddaughters. We document three main findings. First, grandfathers matter for income transmission, above and beyond their effect on fathers' income. Second, the socio-economic status of grandsons is influenced more strongly by paternal grandfathers than by maternal grandfathers. Third, maternal grandfathers are more important for granddaughters than for grandsons, while the opposite is true for paternal grandfathers. We present a model of multi-trait matching and inheritance that can rationalize these findings."

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Artículo: Has Globalization Really Increased Business Cycle Synchronization?

Eric Monnet y Damien Puy publicaron Has Globalization Really Increased Business Cycle Synchronization?, en cuyo abstract se lee: "This paper assesses the strength of business cycle synchronization between 1950 and 2014 in a sample of 21 countries using a new quarterly dataset based on IMF archival data. Contrary to the common wisdom, we find that the globalization period is not associated with more output synchronization at the global level. The world business cycle was as strong during Bretton Woods (1950-1971) than during the Globalization period (1984-2006). Although globalization did not affect the average level of co-movement, trade and financial integration strongly affect the way countries co-move with the rest of the world. We find that financial integration de-synchronizes national outputs from the world cycle, although the magnitude of this effect depends crucially on the type of shocks hitting the world economy. This de-synchronizing effect has offset the synchronizing impact of other forces, such as increased trade integration."

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Artículos: Calls for papers: Scandinavian Economic History Review

El blog The Exchange recoge dos convocatorias a números especiales del Scandinavian Economic History Review:
  • "The History of Business and War." Su editor será  Erik Lakomaa de la Stockholm School of Economics y la fecha límite es el 1 de noviembre de 2016. (Ver detalles en el sitio del Journal).
  • "Retail Trade, Consumption, and the Construction of Markets from the 19th to the 21st Century." Los co-editores serán Fredrik Sandgren (Uppsala University) y Tristan Jacques (University of Paris I Panthéon-Sorbonne/IDHES), y la fecha límite es el 28 de febrero de 2017). (Ver detalles en el sitio del Journal
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Artículo: Market Integration in the Prewar Japanese Rice Markets

Ito MikioKiyotaka Maeda y Akihiko Noda publicaron Market Integration in the Prewar Japanese Rice Markets Su abstract resume: "This paper examines the integration process of the Japanese major rice markets (Tokyo and Osaka) from 1881 to 1932. Using a non-Bayesian time-varying vector error correction (VEC) model, we argued that the process strongly depended on the government's policy on the network system of telegram and telephone; rice traders with an intention in using the modern communication tools were usually affected by the changes of the policy. We find that (i) the Japanese rice markets had been integrated in the 1910s; (ii) the increasing use of telegraphs had accelerated the rice market integration since the Meiji period in Japan; (iii) the local phone, which reduced the urban users' time for sending and receiving telegrams, promoted the market integration."

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Artículo: The Growth Effects of EU Membership for the UK: a Review of the Evidence

De interés en los tiempos que corren, The Growth Effects of EU Membership for the UK: a Review of the Evidence fue publicado por Crafts, Nicholas (University of Warwick). En su resumen se lee "This paper reviews the literature on the implications of EU membership for the UK. It concludes that membership has raised UK income levels appreciably and by much more than 1970s’ proponents of EU entry predicted. These positive effects stem from the EU’s success in increasing trade and the impact of stronger competition on UK productivity. The economic benefits of EU membership for the UK have far exceeded the costs of budgetary transfers and regulation. Brexit is risky and its impact would depend heavily on the terms negotiated and the use made of the policy space that it freed up."

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Artículos: The International Monetary Fund: 70 Years of Reinvention

También Carmen M.Reinhart y Christoph Trebesch publicaron a fines del 2015 The International Monetary Fund: 70 Years of Reinvention, donde analizan su papel en las últimas 7 décadas. En el abstract exponen "A sketch of the International Monetary Fund’s 70-year history reveals an institution that has reinvented itself over time along multiple dimensions. This history is primarily consistent with a “demand driven” theory of institutional change, as the needs of its clients and the type of crisis changed substantially over time. Some deceptively “new” IMF activities are not entirely new. Before emerging market economies dominated IMF programs, advanced economies were its earliest (and largest) clients through the 1970s. While currency problems were the dominant trigger of IMF involvement in the earlier decades, banking crises and sovereign defaults became they key focus since the 1980s. Around this time, the IMF shifted from providing relatively brief (and comparatively modest) balance-of-payments support in the era of fixed exchange rates to coping with more chronic debt sustainability problems that emerged with force in the developing nations and now migrated to advanced ones. As a consequence, the IMF has engaged in “serial lending”, with programs often spanning decades. Moreover, the institution faces a growing risk of lending into insolvency, most widespread among low income countries in chronic arrears to the official sector, but most evident in the case of Greece since 2010. We conclude that these practices impair the IMF’s role as an international lender of last resort"

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Artículos: Calls for papers


1) 2016 LSE Graduate Seminar in Economic History Michaelmas Term. Call for Papers. PhD students conducting research in the field of economic history are invited to apply. The LSE Graduate Seminar in Economic History is intended for the presentation of papers (or chapters) at an advanced stage of research. Papers may address any historical period, region, or theme within economic history, but must constitute a substantial contribution to a scholarly debate within the discipline. In order to apply, submit a CV and either of the following: a) a draft of the paper to be presented or b) an extended abstract of the paper to be presented, consisting of not less than 1,000 words. Seminar convenors: Mattia Bertazzini (m.bertazzini@lse.ac.uk), Brian Varian (b.varian@lse.ac.uk), and Franz Zobl (f.x.zobl@lse.ac.uk) no later than Friday, 29 July 2016. 

2) The 2017 annual conference of the Economic History Society will be hosted by Royal Holloway, University of London, from 31 March – 2 April. Call for Academic Papers: Proposals on all aspects of economic and social history covering a wide range of periods and countries, and particularly welcomes papers of an interdisciplinary nature. Deadline: 5 September 2016. Proposals should please be submitted online by following the links on the conference website. Any queries should please be directed to: Maureen Galbraith.

3) XVI Biennial IASC-Conference 'Practicing the Commons: Self-Governance, Cooperation, and Institutional Change'. Utrecht from 10-14 July 2017. Call for papers, panels, and posters. Deadline: 15 October 2016. The local organizers of the XVIth Biennial Conference of the International Association for the Study of the Commons (www.iasc2017.org) welcome abstracts for papers, panels, and posters to be presented at this conference, to be held in Utrecht, The Netherlands, from 10 to 14 July 2017. All abstracts should be submitted via the IASC Conference Registration system:http://conferences.iasc-commons.org/index.php/iasc/IASC2017/author/submit?requiresAuthor=1

Cursos online: El Mundo Moderno, Segunda Parte: Historia Universal desde 1910


Nuevo curso online de Historia para destacar: El Mundo Moderno, Segunda Parte: Historia Universal desde 1910, creado por University of Virginia y dictado por  Philip Zelikow. Este encara el estudio de la historia moderna desde una perspectiva global. La segunda parte se inicia a principios del siglo XX y concluye en el día de hoy, en la transición a una nueva era de la historia mundial. Se puede emprender de manera sincrónica  a lo largo de siete semanas, ¡RECIEN INICIADO EL 4 DE JULIO!

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Artículos: Money and Velocity During Financial Crises: From the Great Depression to the Great Recession

Richard G. Anderson; Michael Bordo y John V. Duca publicaron el estudio Money and Velocity During Financial Crises: From the Great Depression to the Great Recession. Su resumen señala. "This study offers a single, consistent model that tracks the velocity of broad money (M2) since 1929, including the Great Depression, the global financial crisis, and the Great Recession. The model emphasizes the roles of changes in uncertainty and risk premia, financial innovation, and major banking regulations. Our findings suggest an enhanced role of a broad, liquid money aggregate as a policy guide during crises and their unwinding. Following crises, policymakers face the challenge of not only unwinding their balance sheet so as to prevent excess reserves from fueling a surge in M2, but also countering a fall in the demand for money as risk premia return to normal amid velocity shifts stemming from relevant financial reforms"

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