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Duplication without Constraints: Alvarez Nogal and Chamley’s Analysis of Debt Policy under Philip II

Mauricio Drelichman and Hans-Joachim Voth

Economics working papers from Vancouver School of Economics

Abstract: Carlos Alvarez-Nogal and Christophe Chamley (henceforth AC) recently published a paper in the Economic History Review on “Debt policy under constraints: Philip II, the Cortes, and Genoese bankers†. In this note, we show that several claims in their article are very similar to earlier research results, published or circulated long before AC’s original submission, by ourselves and other scholars. These results are repeated without attribution or even mention of the earlier work. In addition, we show that what AC present as new quantitative insights are actually replications of earlier results of ours. Finally, AC misrepresent our contributions, as well as those of several other scholars.

Keywords: Philip II; sovereign debt; defaults (search for similar items in EconPapers)
JEL-codes: N24 N44 G13 H63 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2015-09-02, Revised 2015-09-02
New Economics Papers: this item is included in nep-his and nep-hpe
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Forthcoming in Economic History Review

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