Turning Points in the U.S. Civil War: A British Perspective

Abstract

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Changes of China’s agri-food exports to Germany caused by its accession to WTO and the 2008 financial crisis

“…Jimenez- Rodriguez and Sanchez (2005) assess empirically the impact of oil price shocks on the real GDP growth of some OECD countries by means of rolling dummy variables. And Brown and Burdekin (2000) and Weidenmier (2002) use this technique to detect the turning point due to the US civil war. Similarly, a simple procedure is first proposed in this paper to detect an unknown time point in the middle part of an economic time series with a possible structural break caused by some economic event and to quantify its short-term impact.…”

Inflation is Always and Everywhere a Monetary Phenomenon: Richmond vs. Houston in 1864

“…Evidence that statistically-determined "turning points" in the gold value of the grayback (Weidenmier, 2000), like those in the Northern greenback (Willard, Guinnane and Rosen, 1996), often coincide with major battles does, however, point to a major role played by war news over that period. November may have helped underpin the gold value of the grayback during the late spring and summer of 1864 (cf, Brown and Burdekin, 2000). But any such effects surely were symmetric across the western and eastern portions of the Confederacy.…”

Was the Emergence of the International Gold Standard Expected? Melodramatic Evidence from Indian Government Securities

“…The search for structural breaks, has been extensively relied upon in economic history (Brown and Burdekin (2000), Brown and Burdekin(2002), Frey and Kucher (2001), Frey and Waldenström (2004), Oosterlinck (2003, Sicotte et al (2010), Weidenmier (2002, as well as in economics in general (Zussman et al, 2007). The methodology used here, based on Perron (1989) and on Banerjee, Lumsdaine and Stock (1992) include in the model (3 in our case) is determined here by the Schwartz criterion (see Appendix 2).…”