Testing for the economic impact of the U.S. Constitution
Subtitle: purchasing power parity across the colonies versus across the states, 1748-1811
By: Farley Grubb.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13836; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13836.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Exchange rates and price indices are constructed to test purchasing power parity between eight British North American colonial locations, five of whom issued their own fiat paper money.  Purchasing power parity is then tested between these same locations after six became states politically and monetarily unified under the U.S.  Constitution.  Purchasing power parity cannot be rejected between all colonial locations or between the six U.S.  states, if anything holding with more confidence prior to U.S.  political and monetary unification.  But it is rejected between U.S.  states and nearby British colonies that stayed outside the U.S.  union"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/13/2008.

Includes bibliographical references.

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Mode of access: World Wide Web.