Safe until crisis: What 300 years of wars reveal about government debt safety
Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, Mindy Xiaolan Government bonds are widely viewed as safe assets, especially in times of recession and financial crisis. This column presents evidence from three centuries of US and UK history showing that wars and pandemic-scale emergencies have in fact consistently produced large real losses for bondholders, challenging the […]
Measuring national technological trajectories using 200 years of international patent data
Antonin Bergeaud, Ruveyda Nur Gozen, John Van Reenen Innovation underpins sustained long-run economic growth, yet measuring technological success is challenging. This column compiles two centuries of patent data and leverages filings in multiple patent offices to document the rise and decline of technological leadership. Thie findings suggest that technological progress can be fostered through long-run […]
Η ιστορία της μετανάστευσης Ασιατών στις ΗΠΑ
Ακούστε ή/και διαβάστε εδώ μία συνέντευξη της Hannah M. Postel για την ιστορία της Ασιατικής μετανάστευσης στις Ηνωμένες Πολιτείες. Στην συνέντευξη αυτή η Postel συνοψίζει τα ευρήματα της έρευνάς της.