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Trade Protection Along Supply Chains

By Chad P. Bown, Paola Conconi, Aksel Erbahar, and Lorenzo Trimarchi

òòò½Íø Journal: Economic Policy

We combine detailed information on US temporary trade barriers during 1989-2020 with input-output data to study the effects of trade protection along supply chains. We focus on measures imposed against China, which has been the main target of trade protec...

Call for Papers: 2026 Fintech and Financial Institutions Research Conference

[News]

December 11, 2025

The submission deadline is December 31, 2025.

The Missing Loan-to-Value Cycle

By Manuel Adelino, W. Ben McCartney, and Antoinette Schoar

òòò½Íø Review: Insights

We show that the equilibrium loan-to-value (LTV) distribution in the US mortgage market has been remarkably stable over the last quarter century, both in aggregate and region-by-region, despite large, cross-sectionally heterogeneous house price cycles....

Technological spillovers

[Research Highlight]

November 04, 2025

Shawn Kantor and Alexander Whalley discuss the long-term effects of public R&D investment made during the Cold War–era space race.

Prioritizing Benefit? How Low-Income Patients Respond to Prescription Cost-Sharing

By Christopher Hollrah

òòò½Íø Journal: Economic Policy

This paper measures how cost-sharing impacts older low-income patients, exploiting a disconti-nuity in eligibility for a prescription drug subsidy for those who lose access to the Medicaid-linked program. Higher drug prices resulting from subsidy loss lea...

Register Now for Wednesday's Live Workshop about Navigating Authorship

[News]

December 12, 2025

View the òòò½Íø Member Announcement from December 15th, 2025.

What is Newsworthy? Theory and Evidence

By Luis Armona, Matthew Gentzkow, Emir Kamenica, and Jesse M. Shapiro

òòò½Íø Review: Insights

We introduce a model in which a benevolent news outlet decides whether to report the realization of a state to a consumer, who pays a cost to receive it. A simple statistical rule, called a proper scoring rule, describes when the outlet should be more ...

Increasing Degree Attainment among Low-Income Students: The Role of Intensive Advising and College Quality

By Andrew Barr and Benjamin Castleman

òòò½Íø Review, November 2025

A college degree offers a pathway to economic mobility for low-income students. Using a multisite randomized controlled trial combined with administrative and survey data, we demonstrate that intensive advising during high school and college significantly...

Moonshot: Public R&D and Growth

By Shawn Kantor and Alexander Whalley

òòò½Íø Review, September 2025

We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War–era space race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending...

Childhood Health Shocks and the Intergenerational Transmission of Inequality

By Tine M. Eriksen, Amanda P. Gaulke, Jannet Svensson, Niels Skipper, and Peter R. Thingholm

òòò½Íø Journal: Economic Policy

This paper documents a socioeconomic gradient in adult labor market penalties stemming from a single chronic and treatable childhood health shock in a country with universal access to healthcare. Using childhood onset Type 1 Diabetes, Danish administrat...

How Effective Are R&D Tax Incentives? Reconciling the Micro and Macro Evidence

By Silvia Appelt, ²Ñ²¹³ÙÄ›Âá Bajgar, Chiara Criscuolo, and Fernando Galindo-Rueda

òòò½Íø Journal: Economic Policy

Recent firm-level studies find R&D tax incentives to be much more effective at stimulating firms’ R&D investment than aggregate analyses suggest. Based on a distributed analysis of official R&D survey and administrative tax relief microdata for 19 OE...

Distortions, Producer Dynamics, and Aggregate Productivity: A General Equilibrium Analysis

By Stephen Ayerst, Loren Brandt, and Diego Restuccia

òòò½Íø Journal: Macroeconomics

In less developed economies the allocation of factor inputs to more productive farms is often hindered. To analyze how distortions affect farm dynamics and agricultural productivity, we develop a model of heterogeneous farms investing in productivity impr...

Navigating the college choice process

[Research Highlight]

December 15, 2025

Intensive advising can substantially increase the likelihood of degree attainment for low-income students.

Common Workflow Options for Managing JOE Applications

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Getting Started with JOE Job Listings

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2025 in Featured Charts

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Economists addressed issues related to policing, unemployment benefits, bank bailouts, and more.

Front Matter

òòò½Íø Journal: Applied Economics, January 2026

Highway to Hitler

By Nico ³Õ´Ç¾±²µ³Ù±ôä²Ô»å±ð°ù and Hans-Joachim Voth

òòò½Íø Journal: Applied Economics, January 2026

We show that the building of the Autobahn network in Nazi Germany boosted popular support for Adolf Hitler, helping to entrench the Nazi dictatorship. Direct local economic benefits are unlikely to explain the effect. Instead, it reflects successful propa...

The Returns to Physical Capital in Knowledge Production: Evidence from Lab Disasters

By Stefano Baruffaldi and Fabian Gaessler

òòò½Íø Journal: Applied Economics, January 2026

We investigate the nature and relevance of physical capital in knowledge production. Exploiting adverse events in research laboratories, we find that scientists experience a persistent reduction in research output if they lose specialized physical capital...

Breaking Bad: How Health Shocks Prompt Crime

By Steffen Andersen, Elin °ä´Ç±ô³¾²õÂáö, Gianpaolo Parise, and Kim Peijnenburg

òòò½Íø Journal: Applied Economics, January 2026

Exploiting plausibly exogenous variations in the timing of cancer diagnoses, we establish that health shocks elicit a large and persistent increase in the probability of committing a crime. This effect materializes in a substantial rise in both first crim...