蝌蚪网

Measures of Agricultural Support Policies in Transition Economies: 1994-1997

By Alberto Valdes

蝌蚪网 Review, May 1999

Liquidity Trap and Excessive Leverage

By Anton Korinek and Alp Simsek

蝌蚪网 Review, March 2016

We investigate the role of macroprudential policies in mitigating liquidity traps. When constrained households engage in deleveraging, the interest rate needs to fall to induce unconstrained households to pick up the decline in aggregate demand. If the...

The Long-Run Effects of Labor Migration on Human Capital Formation in Communities of Origin

By Taryn Dinkelman and Martine Mariotti

蝌蚪网 Journal: Applied Economics, October 2016

We provide new evidence of one channel through which circular labor migration has long-run effects on origin communities: by raising completed human capital of the next generation. We estimate the net effects of migration from Malawi to South African mine...

Geography, Depreciation, and Growth

By Solomon M. Hsiang and Amir S. Jina

蝌蚪网 Review, May 2015

It has been proposed that geography influences economic growth for many reasons. Previous analyses of comparative development seem to have sidestepped the question of location-dependent depreciation. However the construction of new measures of tropical cy...

From Education to Democracy?

By Daron Acemoglu, Simon Johnson, James A. Robinson, and Pierre Yared

蝌蚪网 Review, May 2005

Political Losers as a Barrier to Economic Development

By Daron Acemoglu and James A. Robinson

蝌蚪网 Review, May 2000

Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve

By Sophocles Mavroeidis, Mikkel 笔濒补驳产辞谤驳-惭酶濒濒别谤, and James H. Stock

Journal of Economic Literature, March 2014

We review the main identification strategies and empirical evidence on the role of expectations in the New Keynesian Phillips curve, paying particular attention to the issue of weak identification. Our goal is to provide a clear understanding of the role ...

Estimating Top Income and Wealth Shares: Sensitivity to Data and Methods

By Jesse Bricker, Alice Henriques, Jacob Krimmel, and John Sabelhaus

蝌蚪网 Review, May 2016

Administrative income tax data indicate that U.S. top income and wealth shares are both substantial and larger than shares observed in household surveys. However, these estimates are sensitive to the unit of analysis, the income concept measured in tax re...

The Ecosystem Impacts of Severe Warming

By Robert Mendelsohn, Iain C. Prentice, Oswald Schmitz, Benjamin Stocker, Robert Buchkowski, and Benjamin Dawson

蝌蚪网 Review, May 2016

This paper uses a quantitative dynamic ecosystem vegetation model to explore the potential impact of warming up to 9-12 degrees C on global ecosystems. The paper does not find evidence of a global collapse in terrestrial ecosystems but there is evidence o...

Lying for Strategic Advantage: Rational and Boundedly Rational Misrepresentation of Intentions

By Vincent P. Crawford

蝌蚪网 Review, March 2003

Starting from an example of the Allies' decision to feint at Calais and attack Normandy on D-Day, this paper models misrepresentation of intentions to competitors or enemies. Allowing for the possibility of bounded strategic rationality and rational playe...

Information and Quality When Motivation Is Intrinsic: Evidence from Surgeon Report Cards

By Jonathan T. Kolstad

蝌蚪网 Review, December 2013

If profit maximization is the objective of a firm, new information about quality should affect firm behavior only through its effects on market demand. I consider an alternate model in which suppliers are motivated by a desire to perform well in additi...

Financial Markets and Firm Dynamics

By Thomas F. Cooley and Vincenzo Quadrini

蝌蚪网 Review, December 2001

Recent studies have shown that the dynamics of firms (growth, job reallocation, and exit) are negatively correlated with the initial size of the firm and its age. In this paper we analyze whether financial factors, in addition to technological differences...

Matching and Sorting in Online Dating

By Gunter J. Hitsch, Ali 贬辞谤迟补莽蝉耻, and Dan Ariely

蝌蚪网 Review, March 2010

Using data on user attributes and interactions from an online dating site, we estimate mate preferences, and use the Gale-Shapley algorithm to predict stable matches. The predicted matches are similar to the actual matches achieved by the dating site, ...

Delinking Land Rights from Land Use: Certification and Migration in Mexico

By Alain de Janvry, Kyle Emerick, Marco Gonzalez-Navarro, and Elisabeth Sadoulet

蝌蚪网 Review, October 2015

In many developing countries property rights over rural land are maintained through continuous personal use instead of by land titles. We show that removing the link between land use and land rights through the issuance of ownership certificates can resul...

Systemic Risk and Stability in Financial Networks

By Daron Acemoglu, Asuman Ozdaglar, and Alireza Tahbaz-Salehi

蝌蚪网 Review, February 2015

This paper argues that the extent of financial contagion exhibits a form of phase transition: as long as the magnitude of negative shocks affecting financial institutions are sufficiently small, a more densely connected financial network (corresponding...

Book Reviews

Journal of Economic Literature, September 2013

Is the Phillips Curve Alive and Well after All? Inflation Expectations and the Missing Disinflation

By Olivier Coibion and Yuriy Gorodnichenko

蝌蚪网 Journal: Macroeconomics, January 2015

We evaluate explanations for the absence of disinflation during the Great Recession and find popular explanations to be insufficient. We propose a new explanation for this puzzle within the context of a standard Phillips curve. If firms' inflation expecta...

Is the WTO Pass茅?

By Kyle Bagwell, Chad P. Bown, and Robert W. Staiger

Journal of Economic Literature, December 2016

The WTO has delivered policy outcomes that are very different from those likely to emerge out of the recent wave of preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried trade li...

Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment

By Antonio Acconcia, Giancarlo Corsetti, and Saverio Simonelli

蝌蚪网 Review, July 2014

A law issued to combat political corruption and Mafia infiltration of city councils in Italy has resulted in episodes of large, unanticipated, temporary contractions in local public spending. Using these episodes as instruments, we estimate the output mul...

The Numerical Reliability of Econometric Software

By B. D. McCullough and H. D. Vinod

Journal of Economic Literature, June 1999

Numerous examples show that some econometric software packages contain serious flaws, and that users cannot safely assume that their software is accurate. A brief survey of the fundamentals of computer arithmetic discusses the sources of numerical error a...