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How economists can help combat COVID-19

[Research Highlight]

November 03, 2020

Boston University epidemiologist Eleanor Murray says the tools of economics can help her field better understand the impacts of the disease.

Devotion and Development: Religiosity, Education, and Economic Progress in Nineteenth-Century France

By Mara P. Squicciarini

òòò½Íø Review, November 2020

This paper studies when religion can hamper diffusion of knowledge and economic development, and through which mechanism. I examine Catholicism in France during the Second Industrial Revolution (1870–1914). In this period, technology became skill-intens...

Demand Volatility, Adjustment Costs, and Productivity: An Examination of Capacity Utilization in Hotels and Airlines

By R. Andrew Butters

òòò½Íø Journal: Microeconomics, November 2020

Measures of productivity reveal large differences across producers even within narrowly defined industries. Traditional measures of productivity, however, will associate differences in demand volatility to differences in productivity when adjusting factor...

Hidden Baggage: Behavioral Responses to Changes in Airline Ticket Tax Disclosure

By Sebastien Bradley and Naomi E. Feldman

òòò½Íø Journal: Economic Policy, November 2020

We examine the impact of a January 2012 enforcement action by the US Department of Transportation that required US air carriers and online travel agents to modify their web interfaces to incorporate all ticket taxes in up-front, advertised fares. We show ...

Cultural factors, Adam Smith, and climate policy

[News]

October 13, 2020

Reading recommendations from Timothy Taylor, managing editor of the Journal of Economic Perspectives.

Call for Papers for Economic & Financial Review

[News]

November 13, 2020

Papers are invited in the area of economics and finance.

Call for Papers  for Economic & Financial Computing

[News]

November 13, 2020

Papers are invited on the measurement aspects of economic and financial problems.

The capacity to meet volatile demand

[Research Highlight]

November 13, 2020

Why are there such large differences in productivity between companies in the same industry?

Mainstreaming the extreme

[Page]

How quickly can social norms erode after a surprising election?

CSMGEP Profiles: Seth B. Carpenter, Federal Reserve Board

[Page]

Seth B. Carpenter, Chief Monetary and Reserve Analysis Section Division of Monetary Affairs, Federal Reserve Board

Devotion and economic progress

[Research Highlight]

November 16, 2020

How does religious intensity affect development?

Plugging the leaks

[Page]

Do e-governance reforms stop the theft of public funds?

Ben Bernanke, Distinguished Fellow 2020

[Page]

The anatomy of inequality

[Research Highlight]

November 24, 2020

Florian Hoffman discusses how income disparities have grown in the US and Europe over the last 40 years.

Designing Dynamic Research Contests

By Jean-Michel Benkert and Igor Letina

òòò½Íø Journal: Microeconomics, November 2020

This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where (i) the principal can stop the ...

Incentivizing innovation

[Research Highlight]

November 20, 2020

Could the "interim-payment" model solve flaws with research contests?

Front Matter

òòò½Íø Review, December 2020

Missing Events in Event Studies: Identifying the Effects of Partially Measured News Surprises

By Refet S. ³Ò³Ü̈°ù°ì²¹²â²Ô²¹°ì, µþ³Ü°ùç¾±²Ô °­¾±²õ²¹³¦¾±°ì´ÇÄŸ±ô³Ü, and Jonathan H. Wright

òòò½Íø Review, December 2020

Macroeconomic news announcements are elaborate and multi-dimensional. We consider a framework in which jumps in asset prices around announcements reflect both the response to observed surprises in headline numbers and to latent factors, reflecting other n...

Discounts and Deadlines in Consumer Search

By Dominic Coey, Bradley J. Larsen, and Brennan C. Platt

òòò½Íø Review, December 2020

We present a new equilibrium search model where consumers initially search among discount opportunities, but are willing to pay more as a deadline approaches, eventually turning to full-price sellers. The model predicts equilibrium price dispersion and ra...