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many legal conflicts over property rights, and a rich legal tradi- tion has developed to assign precede

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3. IV. BANK RUNS AND THE PERSISTENCE OF THE GREAT DEPRESSION *Diamond, Douglas and Philip H. Dybvig, "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy 91(3): 401-19, June 1983. *Bernanke, Ben, “Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression,” American Economi

rt E. Lucas, 1988, “Why Doesn’t Capital Flow from Rich to Poor Countries,” American Economic Review, May

-income households was twice as large as that for rich households (40). Mian and Sufi further used ZIP

62) "Stop Coddling the Super-Rich," 2011 op-ed in the New York Times (63) Barro R.J., "Government Spending in a Simple Model of Endogeneous Growth," Journal of Political Economy, 1990; Jaimovich, N. and S. Rebelo, "Non-Linear Effects of Taxation on Growth," NBER, 2012 (64) Jonathan D. Ostry, Andrew Berg, and Charalambos G. T