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Full-Text Articles in Social and Behavioral Sciences
The Fiscal Impact Of The War Of The Pacific, Kirsten Wandschneider, Richard Sicotte, Catalina Vizcarra
The Fiscal Impact Of The War Of The Pacific, Kirsten Wandschneider, Richard Sicotte, Catalina Vizcarra
Kirsten Wandschneider
In the War of the Pacific (1879–1883), Chile defeated Peru and Bolivia, and acquired territories that contained vast deposits of sodium nitrate, a leading fertilizer. Chile’s export tax on nitrates later accounted for at least one half of all government revenue. We employ a multi-country model of export taxation in order to simulate the potential government revenues that Bolivia, Chile and Peru could have earned under the counterfactual scenario that Chile did not conquer the nitrate-rich provinces of its adversaries. Our results are that Peruvian and Bolivian government revenues could have been at least double their historical levels. We estimate …
Central Bank Reaction Functions During The Interwar Gold Standard: A View From The Periphery, Kirsten Wandschneider
Central Bank Reaction Functions During The Interwar Gold Standard: A View From The Periphery, Kirsten Wandschneider
Kirsten Wandschneider
The years between the two World Wars were ones of economic turmoil and crisis. The inter-war gold standard, created as an attempt to rebuild the pre-1914 gold standard, lasted a mere six years from 1925–1931 and failed to generate economic growth and prosperity. Many scholars have attempted to explain the fragility of the inter-war gold standard, focusing on different aspects of the regime, such as structural problems within the system, gold imbalances, the lack of an international hegemonic power, persistent deflation, and the changing social and political structures in the inter-war years. One particular area of focus with regard to …