The Standard of Living Debate, Rational Expectations, and Neutrality

Article Abstract:

British data is used to determine if the time paths of real wages and prices during the industrial revolution are consistent with rational expectations. Corroboration is found that prices caused real wages from 1790-1850. The economy at the time was quite competitive.

United Kingdom, Economic development

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Bank runs and currency run in a system without a safety net: Argentina and the 'tequila' shock

Article Abstract:

A new study investigates the information-based theory and random withdrawals theory of bank runs, focusing on the shock to the Argentinian banking system at the time of Mexican devaluation.

Research, Bank runs

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Long-run neutrality, high inflation, and bank insolvencies in Argentina and Brazil

Article Abstract:

Research is presented describing the impact on inflation of bank insolvencies and economic controls in Brazil and Argentina over a long run neutrality.

Economic research, Brazil, Economic history

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