Data and Code for: Reconstruction of the Spanish Money Supply, 1492-1810
Principal Investigator(s): View help for Principal Investigator(s) Felix Ward, Erasmus University Rotterdam; Yao Chen, Erasmus University Rotterdam; Nuno Palma, University of Manchester
Version: View help for Version V2
| Name | File Type | Size | Last Modified |
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application/zip | 23.4 MB | 05/04/2021 06:04:AM |
Project Citation:
Ward, Felix, Chen, Yao, and Palma, Nuno. Data and Code for: Reconstruction of the Spanish Money Supply, 1492-1810. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-05-04. https://doi.org/10.3886/E139761V2
Project Description
Summary:
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How did the Spanish money supply evolve in the aftermath of the discovery of
large amounts of precious metals in Spanish America? We synthesize the available
data on the mining of precious metals and their international flow to estimate the
money supply for Spain from 1492 to 1810. Our estimate suggests that the Spanish money supply increased more than ten-fold. Viewed through the equation of
exchange this money supply increase can account for most of the price level rise in
early modern Spain.
Funding Sources:
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Fundação para a Ciência e a Tecnologia (CEECIND/04197/2017)
Scope of Project
Subject Terms:
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early modern period;
equation of exchange;
quantity theory of money
Geographic Coverage:
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Early modern world economy
Time Period(s):
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1492 – 1810
Collection Date(s):
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2015 – 2021
Universe:
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Early modern world economy, 1492-1810, especially Spanish Empire
Data Type(s):
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aggregate data;
observational data
Methodology
Unit(s) of Observation:
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yearly observations
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