| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15538 |
| DP15538 Wealth and Shifting Demand Pressures on the Price Level in England after the Black Death | |
| Jacques MELITZ; Anthony Edo | |
| 发表日期 | 2020-12-09 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | The scale of the rise in personal wealth following the Black Death calls the life-cycle hypothesis of consumption into consideration. This paper shows for the first time that the wealth effect of the Black Death on the price level continued in England for generations, up to 1450. Indeed, in absence of consideration of the wealth effect, other influences on the price level do not even appear in the econometric analysis. The separate roles of coinage, population, trade, wages and annual number of days worked for wages all also receive attention and new results follow for adjustment in the labor market. |
| 主题 | Economic History ; International Macroeconomics and Finance |
| URL | https://cepr.org/publications/dp15538 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544540 |
| 推荐引用方式 GB/T 7714 | Jacques MELITZ,Anthony Edo. DP15538 Wealth and Shifting Demand Pressures on the Price Level in England after the Black Death. 2020. |
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