Could the Federal Reserve have reversed the decline in the money supply during the Great Depression without causing a loss of confidence in the U.S. commitment to the gold standard? This article uses the $1 billion expansionary open market operation in 1932 as a crucial case study. Using forward exchange rates and interest rate differentials to measure devaluation expectations, we find virtuall...

Attentional inhibition that occurs during discrimination tasks leads to the negative evaluation of distractor stimuli. This phenomenon, known as the distractor devaluation effect also occurs when go/no-go tasks require response inhibition. However, it remains unclear whether there are interactions between attention and response controls when the distractor devaluation effect occurs. The aims of...

Stimuli that resemble humans, but are not perfectly human-like, are disliked compared to distinctly human and non-human stimuli. Accounts of this "Uncanny Valley" effect often focus on how changes in human resemblance can evoke different emotional responses. We present an alternate account based on the novel hypothesis that the Uncanny Valley is not directly related to 'human-likeness' per se, ...

Zusammenfassung Die Geschichte des wirtschaftlichen Wiederaufbaus im post-sozialistischen Ostdeutschland nach 1990 ist vor allem mit der viel diskutierten Treuhandanstalt verbunden. Verschiedene Narrative beleuchten langfristige strukturelle Veränderungen, kurzfristige Brüche, mittelfristige Dynamiken sowie die Rahmung kultureller Reflexionen auf individueller oder kollektiver Ebene. Diese Must...