Working Papers
- The Cross of Gold: Brazilian Treasure and the Decline of Portugal (with Nuno Palma)
- Short abstract: The discovery of massive quantities of gold in Brazil during the eighteenth century led to a real exchange rate appreciation of about 30 percent which destroyed the competitiveness of Portuguese industry and contributed to the country’s long-run economic regression.
Articles
- The Decline and Fall of the British Economy, Works in Progress, 21 July 2022
- The Best Books on the Great Divergence, Five Books, August 2022