This paper reviews the experience of economic growth during the twentieth century with a
view to highlighting implications for both growth economists and policy-makers. The …

This chapter surveys the recent literature on the theory of macroeconomic policy. We study
the effect of various incentive constraints on the policy making process, such as lack of …

Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and
international capital flows in the Atlantic economy in the century prior to 1914—the first great …

Financial crises Lessons from the last 120 years The crisis problem is one of the dominant
macroeconomic features of our age. Its prominence suggests questions like the following …

This book presents an economic history of international capital mobility in the modern era. It
blends narrative and quantitative methods and connects economic outcomes to the …

Why do sovereign governments make international legal commitments, and what effect does
international law have on state behavior? Very little empirical research tries to answer these …

In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession
with the stock market was fueling the volatility that has since made a roller coaster of the …

In this article we argue that during the period from 1870 to 1914 adherence to the gold
standard was a signal of financial rectitude, a “good housekeeping seal of approval”, that …

East Asia and Russia in 1997–98, and Argentina in 2001–02. Proponents of free trade in
tangible goods have long recognized that its net benefits to countries typically are distributed …

Lúcido, accesible y provocativo, y ahora completamente actualizado para tratar los
acontecimientos recientes que han sacudido la economía global, La globalización del …