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Decision Theory and Stochastic Growth

By Arthur Robson, Larry Samuelson, and Jakub Steiner

Review: Insights, September 2023

This paper examines connections between stochastic growth and decision problems. We use tools from the theory of large deviations to show that wishful thinking decision problems are equivalent to utility maximization problems, both of which are equivalent...

Macroeconomic Research, Present and Past

By P. J. Glandon, Ken Kuttner, Sandeep Mazumder, and Caleb Stroup

Journal of Economic Literature, September 2023

How is macroeconomic research conducted and what is it trying to accomplish? We explore these questions using information gleaned from 1,894 articles published in 10 leading journals. The emphasis on quantitative, computation-intensive theory-based analys...

Who Runs the ?

By Kevin D. Hoover and Andrej ǰčí

Journal of Economic Literature, September 2023

The leadership structure of the is documented using a biographical database covering every officer and losing candidate for offices from 1950 to 2019. The analysis focuses on institutional affiliations by education and em...

Meritocracy and Representation

By Rajiv Sethi and Rohini Somanathan

Journal of Economic Literature, September 2023

A standard conception of meritocracy, reflected in state referenda and the many legal filings against university admissions policies, is that selection rules should be blind to group identity and monotonic in measures of past accomplishment. We present th...