Macrohistory Seminar – Ulrike Malmendier (UC Berkeley)

The Making of Hawks and Doves: Inflation Experiences and Voting on the FOMC with Stefan Nagel (University of Michigan) and Zhen Han (University of Michigan) Abstract Macroeconomic models of monetary policy assume that policy makers form rational beliefs based on all available data. We show that personal lifetime experiences signi ficantly...

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Macrohistory Seminar – Charlotte Bartels (DIW)

Top Incomes in Germany, 1871-2011 Abstract This study provides first evidence on the long-run development of income concentration in a continental European country from the early phase of industrialization until present. Income concentration is measured by the income share accruing to the top of the income distribution such as the...

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Macrohistory Seminar – Sebastian Siegloch (University of Mannheim)

The Long-Term Costs of Government Surveillance: Insights from Stasi Spying in East Germany with Andreas Lichter and Max Löffler Abstract Based on official records from the former East German Ministry for State Security, we quantify the long-term costs of state surveillance on trust, social ties and economic performance. Using county-level...

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Macrohistory Seminar – Andreea Maerean (University of Southern Denmark)

The effects of monetary policy on stock markets: cross-country evidence This paper investigates the geographical distribution of British and German capital investments made abroad during the first global finance period 1870-1913. Given the markedly different patterns of foreign investments (with Germany allocating the largest share of their investments in European...

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Macrohistory Seminar – Matteo Cervellati (University of Bologna)

The Legacy of Political History 1000-1800 for Attitudes Towards the State: Disaggregated Analysis for Italy The need to build fiscal capacity in the territories that gained independence from the Holy Roman Empire after 1000 lead to the emergence of political entities with more inclusive economic institutions. The long term exposure...

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1st European Macrohistory Workshop

The Macrohistory Lab at the University of Bonn and CEPR are organizing a “European Macrohistory Workshop” which will be held on June 3-4, 2016 in Bonn, Germany. The workshop aims to bring together economic historians and macroeconomists. The first day will be devoted to general topics in macroeconomics and financial...

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