Miscellany

In May 2020 a preliminary staff report of the Federal Reserve Bank of New York looked at several historical data sets from Germany and concluded that influenza mortality in 1918–20 caused significant societal change in the subsequent decade. Influenza deaths were associated with lower per-capita spending, especially on services consumed by the young, and were correlated with the share of votes for extremist parties in the elections of 1932 and 1933.