Plausibly Exogenous [1747] - Money Supply (11/14/2024)

LHS Variable
Real output

RHS Variable
Money supply

Source of Exogenous Variation
Recurring natural experiment from maritime disasters in the Spanish Empire (1531–1810) that resulted in the loss of substantial amounts of silver money

- Brzezinski, Chen, Palma, and Ward (2024), “The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire”