Could the massive wartime debt accumulated by Britain’s government in the 18th and 19th centuries have helped the country industrialize first and become the world’s leading economy? Given the customary association of debt with dissipation and ruin, this may come across as an unlikely proposition, yet this is exactly the story that Jaume Ventura and Hans-Joachim Voth have found in the historical evidence.
Jan Eeckhout talks about the objectives, challenges, and potential impact of his ERC Advanced Grant Project.
Elena del Rey, Sergi Jiménez-Martín and Judit Vall-Castello explore the effects of a 1980 labor market reform in Spain that increased the statutory minimum working age.
Raquel Fernández and Alberto Martín explore the role of debt maturity on the frequency with which a country enters a debt crisis and on the severity of the latter.
Ariadna Dumitrescu and Javier Gil-Bazo explore whether familiarity bias among investors may help shape competition among funds, persistence of fund performance, and fees charged.
Using a controlled lab experiment, Arthur Schram, Jordi Brandts, and Klarita Gërxhani find that women and men perform differently when they know beforehand that their results will be ranked and made public.