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JEL Classification System

Journal of Economic Literature, September 2004

Field Experiments

By Glenn W. Harrison and John A. List

Journal of Economic Literature, December 2004

Experimental economists are leaving the reservation. They are recruiting subjects in the field rather than in the classroom, using field goods rather than induced valuations, and using field context rather than abstract terminology in instructions. We arg...

Financial Crises: Review of Eichengreen and Tirole

By Stanley Fischer

Journal of Economic Literature, December 2004

The Unity of Auction Theory: Milgrom's Masterclass

By Eric Maskin

Journal of Economic Literature, December 2004

Annotated Listing of New Books

Journal of Economic Literature, December 2004

JEL Classification System

Journal of Economic Literature, December 2004

Doctoral Dissertations in Economics Ninety-Ninth Annual List

Journal of Economic Literature, December 2004

JEL Classification System

Journal of Economic Literature, March 2005

Neuroeconomics: How Neuroscience Can Inform Economics

By Colin Camerer, George Loewenstein, and Drazen Prelec

Journal of Economic Literature, March 2005

Neuroeconomics uses knowledge about brain mechanisms to inform economic analysis, and roots economics in biology. It opens up the "black box" of the brain, much as organizational economics adds detail to the theory of the firm. Neuroscientists use many to...

Economic Theory and Experimental Economics

By Larry Samuelson

Journal of Economic Literature, March 2005

This paper explores the questions of how economic theory can be used to design and interpret experiments and how experimental results can be used to construct and interpret economic theories. The relationship between economic theory and experiments is mod...

Annotated Listing of New Books

Journal of Economic Literature, March 2005

Heterogeneity and Aggregation

By Richard Blundell and Thomas M. Stoker

Journal of Economic Literature, June 2005

This survey covers recent solutions to aggregation problems in three application areas, consumer demand analysis, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity at the indiv...

The Political Resource Curse

By Fernanda Brollo, Tommaso Nannicini, Roberto Perotti, and Guido Tabellini

蝌蚪网 Review, August 2013

This paper studies the effect of additional government revenues on political corruption and on the quality of politicians, both with theory and data. The theory is based on a political agency model with career concerns and endogenous entry of candidate...

How Sovereign Is Sovereign Credit Risk?

By Francis A. Longstaff, Jun Pan, Lasse H. Pedersen, and Kenneth J. Singleton

蝌蚪网 Journal: Macroeconomics, April 2011

We study the nature of sovereign credit risk using an extensive set of sovereign CDS data. We find that the majority of sovereign credit risk can be linked to global factors. A single principal component accounts for 64 percent of the variation in soverei...

Economics in the Laboratory

By Vernon L. Smith

Journal of Economic Perspectives, Winter 1994

The questions addressed in this paper include: What is a laboratory experiment? What are the reasons why economists conduct such experiments? What have we learned? Among the many findings of experiments are included: institutions (the rules of exchange) m...

Friends in High Places

By Lauren Cohen and Christopher J. Malloy

蝌蚪网 Journal: Economic Policy, August 2014

We demonstrate that personal connections amongst US politicians have a significant impact on Senate voting behavior. Networks based on alumni connections between politicians are consistent predictors of voting behavior. We estimate sharp measures that con...

Adverse Selection and Inertia in Health Insurance Markets: When Nudging Hurts

By Benjamin R. Handel

蝌蚪网 Review, December 2013

This paper investigates consumer inertia in health insurance markets, where adverse selection is a potential concern. We leverage a major change to insurance provision that occurred at a large firm to identify substantial inertia, and develop and estim...

The Effect of an Employer Health Insurance Mandate on Health Insurance Coverage and the Demand for Labor: Evidence from Hawaii

By Thomas C. Buchmueller, John DiNardo, and Robert G. Valletta

蝌蚪网 Journal: Economic Policy, November 2011

We examine the effects of the most durable employer health insurance mandate in the United States, Hawaii's Prepaid Health Care Act, using Current Population Survey data covering the years 1979 to 2005. Relying on a variation of the classical Fisher permu...

Heterogeneous Treatment Effects in Impact Evaluation

By Eva Vivalt

蝌蚪网 Review, May 2015

It is very important to know how much we can extrapolate from a study's results. This paper examines the issue using data from impact evaluations in development.

The Great Escape? A Quantitative Evaluation of the Fed's Liquidity Facilities

By Marco Del Negro, Gauti Eggertsson, Andrea Ferrero, and Nobuhiro Kiyotaki

蝌蚪网 Review, March 2017

We introduce liquidity frictions into an otherwise standard DSGE model with nominal and real rigidities and ask: can a shock to the liquidity of private paper lead to a collapse in short-term nominal interest rates and a recession like the one associated ...