蝌蚪网

Information Frictions, Internet, and the Relationship between Distance and Trade

By Anders Akerman, Edwin Leuven, and Magne Mogstad

蝌蚪网 Journal: Applied Economics, January 2022

We examine how the adoption of information communication technology affects bilateral trade. The context is a public program in Norway that rolled out broadband access points leading to plausibly exogenous variation in the availability and adoption of bro...

Does Patient Demand Contribute to the Overuse of Prescription Drugs?

By Carolina Lopez, Anja Sautmann, and Simone Schaner

蝌蚪网 Journal: Applied Economics, January 2022

In an experiment in Mali, we tested whether patients pressure providers to prescribe unnecessary medical treatment. We varied patients' information about a discount for antimalarial tablets and measure demand for both tablets and costlier antimalarial inj...

The Origins of Common Identity: Evidence from Alsace-Lorraine

By Sirus H. Dehdari and Kai Gehring

蝌蚪网 Journal: Applied Economics, January 2022

We study how more negative historical exposure to the actions of nation-states鈥攍ike war, occupation, and repression鈥攁ffects the formation of regional identity. The quasi-exogenous division of the French regions Alsace and Lorraine allows us to impleme...

How Effective Are Monetary Incentives to Vote? Evidence from a Nationwide Policy

By Mariella Gonzales, Gianmarco 尝别贸苍-颁颈濒颈辞迟迟补, and Luis R. 惭补谤迟铆苍别锄

蝌蚪网 Journal: Applied Economics, January 2022

We study voters' response to marginal changes to the fine for electoral abstention in Peru, leveraging variation from a nationwide reform. A smaller fine has a robust, negative effect on voter turnout, partly through irregular changes in voter registratio...

Front Matter

蝌蚪网 Journal: Macroeconomics, January 2022

Offshoring, Automation, Low-Skilled Immigration, and Labor Market Polarization

By Federico S. Mandelman and Andrei Zlate

蝌蚪网 Journal: Macroeconomics, January 2022

We show that the observed polarization of employment toward the high- and low-skill occupations disappears when only native workers are considered. Instead, low-skilled immigration explains employment growth at the low tail of the skill distribution. More...

Endogenous Separations, Wage Rigidities, and Unemployment Volatility

By Mikael Carlsson and Andreas Westermark

蝌蚪网 Journal: Macroeconomics, January 2022

We show that in microdata, as well as in a search and matching model with flexible wages for new hires, wage rigidities of incumbent workers have substantial effects on separations and unemployment volatility. Allowing for an empirically relevant degree o...

The Cyclical Behavior of Unemployment and Wages under Information Frictions

By Camilo 惭辞谤补濒别蝉-闯颈尘茅苍别锄

蝌蚪网 Journal: Macroeconomics, January 2022

I propose a new mechanism for sluggish wages based on workers' noisy information about the state of the economy. Wages do not respond immediately to a positive aggregate shock because workers do not (yet) have enough information to demand higher wages. Th...

Collateral Shocks

By Yvan Becard and David Gauthier

蝌蚪网 Journal: Macroeconomics, January 2022

We estimate a macroeconomic model on US data where banks lend to households and businesses and simultaneously adjust lending requirements on the two types of loans. We find that the collateral shock, a change in the ability of the financial sector to rede...

Slow Debt, Deep Recessions

By Joachim Jungherr and Immo Schott

蝌蚪网 Journal: Macroeconomics, January 2022

Business credit lags GDP growth by about one year. This contributes to high leverage during recessions and slow deleveraging. We show that a model in which firms use risky long-term debt replicates this slow adjustment of firm debt. In the model, slow-mov...

How Sticky Wages in Existing Jobs Can Affect Hiring

By Mark Bils, Yongsung Chang, and Sun-Bin Kim

蝌蚪网 Journal: Macroeconomics, January 2022

We consider a matching model of employment with flexible wages for new hires but sticky wages within matches. Unlike most models of sticky wages, we allow effort to respond if wages are too high or too low. In the Mortensen-Pissarides model, employment is...

Capital Controls for Crisis Management Policy in a Global Economy

By J. Scott Davis and Michael B. Devereux

蝌蚪网 Journal: Macroeconomics, January 2022

Capital controls may be justified as a policy to combat a financial crisis. But for large economies, capital controls may have substantial spillovers to the rest of the world. We investigate the case for capital controls in a large open economy, when dome...

Knowledge Diffusion, Trade, and Innovation across Countries and Sectors

By Jie Cai, Nan Li, and Ana Maria Santacreu

蝌蚪网 Journal: Macroeconomics, January 2022

This paper provides a unified framework for quantifying the cross-country and cross-sector interactions among trade, innovation, and knowledge diffusion. This framework is used to study the effect of trade liberalization in an endogenous growth model in w...

The Rise and Fall of India's Relative Investment Price: A Tale of Policy Error and Reform

By Alok Johri and Md Mahbubur Rahman

蝌蚪网 Journal: Macroeconomics, January 2022

India's relative price of investment rose 44 percent from 1981 to 1991 and fell 26 percent from 1991 to 2006. We build a simple DGE model, calibrated to Indian data, in order to explore the impact of capital import substitution policies and their reform p...

2021 in Research Highlights

[Research Highlight]

December 14, 2021

Economists addressed the recovery of Southern wealth after the Civil War, why the United States has the best research universities, Facebook filters, and more.

Making healthy practices habitual

[Page]

An experiment in rural India boosted handwashing through social and financial rewards.

Call for Papers: Stanford Institute for Theoretical Economics (SITE) 2022 Conference

[News]

January 04, 2022

The conference will be held July 1 - September 16, 2022.

CSWEP Board: Marionette Holmes

[Page]