Dating business cycles in the United Kingdom, 1700–2010
01/01/2023
Abstract: This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on
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Abstract: This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on
Abstract: Why did shareholder liability disappear? We address this question by looking at its use by British insurance companies from 1830 until its complete disappearance
Abstract: After more than a century of political and economic integration, Southern Ireland exited the United Kingdom in 1922. By identifying the leading business firms
Abstract: In September 1992, the UK was forced to withdraw from the exchange rate mechanism of the European Monetary System, as it was unable to
Abstract: How sticky were wages during the Great Depression? Although classic accounts emphasise the importance of nominal rigidity in amplifying deflationary shocks, the evidence is
Abstract: What effect does political instability in the form of a potential secession from a political union have on business formation? Using newly collected data
Abstract: What shapes and drives capital market development over the long run? In this paper, using the asset portfolios of UK life assurers, we examine
Abstract: Pawnbroking, one of the oldest and most accessible forms of credit, was a common feature of life in pre-famine and famine Ireland. This article
Abstract: A recent re-evaluation of patenting during the British Industrial Revolution argues patentees were responsive to demand-side conditions. This view does not consider supply-side factors,
Abstract: The turbulent 1830s saw a sequence of great political and social reforms in the United Kingdom. One such reform was the introduction of a
Abstract: The adoption of limited liability in the nineteenth century is considered to have boosted economic growth and expanded capital markets in Europe and North
Abstract: Firms in tradable sectors are more likely to be subject to external competition to limit market power, while nontradable firms are more dependent on
Abstract: Joseph Brennan, as secretary of the Irish Department of Finance (1923-27) and chair of the Irish Currency Commission (1927-43), was a pivotal influence on
Abstract: Bubbles have become ubiquitous. This ubiquity has stimulated research over the past three decades into bubbles in history. In this article, we provide a
Abstract: This essay explores the Stop of the Exchequer of 1672 (the only sovereign debt default in English history) not only as one possible cause
Abstract: In the late nineteenth century Britain had almost no mandatory shareholder protections, but had very developed financial markets. We argue that private contracting between