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Subjective Well-Being During Spain's Decline: Evidence from Crusade Bulls

Sales of Crusade Bulls, a form of indulgence that Spain preserved after they were in decline elsehwere, may shed light on other social issues ....

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American treasure and the decline of Spain | VOX, CEPR Policy Portal

Spain was one of the world’s richest countries around 1500. Two centuries later, it was a backwater. This column discusses the long-run impact of the influx of precious metals from the New World on the economic development of Spain. Using an augmented synthetic control methodology, the authors show that in the long run the growth and price level trajectories evolved ....

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Economic inequality in Germany: A long-run view | VOX, CEPR Policy Portal

New evidence is transforming the way we look at long-term trends in economic inequality. This column reconstructs wealth inequality in the German area over five centuries. The significant declines in inequality triggered by the Black Death and again by the Thirty Years’ War of 1618–1648 and the plague that followed provide strong support for the potential levelling effects of ....

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Capital and economic growth in Britain, 1270–1870 | VOX, CEPR Policy Portal

Capital and economic growth in Britain, 1270–1870 | VOX, CEPR Policy Portal
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