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Nutter and Buchanan Did Not Turn Against Tuition Grants for Segregated Schools in 1965: A Comment on Fleury (2023) and Levy and Peart (2023)
In: Forthcoming, Research in the History of Economic Thought and Methodology
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James M. Buchanan as an Urban Economist
In: Kuehn, Daniel. Forthcoming. "James M. Buchanan as an Urban Economist." Journal of Public Finance and Public Choice
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James M. Buchanan and "The Human Resource"
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'Marco Polo Economics' and Narrative in the NBER Soviet Growth Study
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Australian Federalism in James Buchanan's Early Work on Fiscal Equity
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James M. Buchanan, Political Regionalism, and the Southern Agrarians
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Working paper
Before NBER: Warren Nutter's Soviet Research at the CIA
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Working paper
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Working paper
We Can Get a Coup': Warren Nutter and the Overthrow of Salvador Allende
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Working paper
Currency Areas, Monetary Policy, and the Macroeconomy ; Währungsräume, Geldpolitik und die Makroökonomie
Hauptgegenstand der Dissertation ist die Analyse der makroökonomischen Auswirkungen der Gründung der Eurozone auf die Mitgliedsstaaten. Diese Analyse umfasst zwei Studien, die sich der Fragestellung aus verschiedenen Perspektiven nähern. Die erste Studie unternimmt einen Vergleich der Geldpolitik von EZB und von ausgewählten Zentralbanken des Europäischen Währungssystems (EWS). Es wird untersucht, inwiefern sich bei makroökonomischen Nachfrage- und Angebotsschocks die systematischen Reaktionen der EZB von denen der vier wichtigsten nationalen Zentralbanken des EWS (Deutschland, Frankreich, Italien und Spanien) unterscheiden. In der zweiten Studie werden die Ursachen für den Aufbau interner und externer Ungleichgewichte in Spanien, d.h. auf dem Immobilienmarkt und in der Leistungsbilanz, im Vorfeld der Finanzkrise 2007/08 analysiert. Dabei wird zwischen Spanien-spezifischen und Eurozonen-spezifischen Ursachen unterschieden und deren Erklärungsgehalt empirisch quantifiziert. In der dritten und letzten Studie der Dissertation wird ein preistheoretisches Kreditangebotsmodell entwickelt und empirisch geschätzt. Als Basis für die empirische Schätzung werden Daten des Kreditmarktes für deutsche Unternehmen verwendet. Die methodische Vorgehensweise beinhaltet in allen Studien zeitreihenökonometrische Ansätze wie beispielsweise (Mehrländer-)Vektorautoregressionen (VARs) und Zeitreihenregressionen. ; The main subject of this dissertation is the analysis of the impact of the creation of the Eurozone on its member countries. This analysis comprises two studies that analyze this research agenda from different perspectives. The first study compares the monetary policy of the ECB with the respective monetary policy of selected central banks of the European Monetary System (EMS). More precisely, conditional on aggregate demand and supply shocks, are there differences in the systematic central bank reaction function of the ECB and the four most important central banks of the EMS (Germany, France, Italy and Spain). The second study analyzes the built-up of internal and external imbalances in Spain, i.e., on the housing market and in the current account, during the run-up to the financial crisis in 2007/08. The analysis differentiates between domestic Spain-specific factors and foreign Eurozone-factors that led to the macroeconomic imbalances. The third and last study develops a price-theoretic credit supply model. In order to validate the model empirically, a credit market is estimated on the basis of data from the German credit market for enterprises. Finally, the results from the empirical exercise are compared to the predictions of the theoretic model. Methodologically, all studies draw heavily on time series methods such as (multi-country) vector autoregressions (VARs) and time series regressions.
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Working paper
Producing a Past: Cyrus Mccormick's Reaper from Heritage to History
"Producing a Past" explores how the false "fact" of Cyrus McCormick's 1831 invention of the reaper came to be incorporated into the American historical cannon. From 1884 to 1932, the McCormick Harvester family and their various affiliated businesses created a useable past about their departed patriarch, Cyrus McCormick, and his role in producing civilization through advertising and the emerging historical profession. The McCormick narrative of the past which was peddled in advertising and supported in scholarship justified the family's elite position in American society and its monopolistic control of the harvester industry in the face of political and popular antagonism. As a parallel story to the McCormick's hegemonic use of history, this dissertation also focuses on the professionalizing historical discipline during the Progressive Era. These early historians were anxious to demonstrate their concrete value in the corporate economy as "objective" guardians of the past. While ethics might have prevented them from being historians for hire, their own positions as middle-class workers pre-disposed them to be receptive to both the McCormick's financial influence and their historical messages.
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