òòò½Íø

Price Setting and Volatility: Evidence from Oil Price Volatility Shocks

By Matthew Klepacz

òòò½Íø Journal: Macroeconomics

Do changes in aggregate volatility alter the impulse response of output to monetary policy? I use plausibly exogenous oil price volatility shocks and exploit heterogene- ity in oil usage across industries to show that PPI item level price changes become...

Macroeconomic Effects of ‘Free’ Secondary Schooling in the Developing World

By Junichi Fujimoto, David Lagakos, and Mitchell VanVuren

òòò½Íø Journal: Macroeconomics

This paper studies the macroeconomic effects of free secondary schooling in the developing world. Our analysis is based on an OLG model of human capital accumulation that we estimate to match experimental evidence on the effects of secondary school schola...

Submission Guidelines

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Electoral Campaign Attacks: Theory and Evidence

By Marcos Y. Nakaguma and Danilo Souza

òòò½Íø Journal: Microeconomics

This paper studies the determinants of electoral campaign attacks. We first propose a model to examine the main factors that influence candidates’ decisions to attack. Our theoretical analysis yields a number of predictions which we test using informa...

Cognitive Ability and Perceived Disagreement in Learning

By Piotr Evdokimov and Umberto Garfagnini

òòò½Íø Journal: Microeconomics

Do agents believe they agree more with others over time? This paper explores how individuals perceive the belief updating behavior of others and the resulting disagreement in a sequential experiment with public information. We uncover a persistent gap i...

Land, Wealth, and Taxation

By Roberto Brunetti, Carl ³Ò²¹¾±²µ²Ôé, and Fabien Moizeau

òòò½Íø Journal: Microeconomics

This paper examines the role of land in wealth dynamics and its consequences on efficiency and inequality. We focus on the interplay among agents’ bidding for location, mortgage market imperfections, and inheritance in a model in which agents leave t...

The Perils of Overreaction

By Konstantin von Beringe and Mark Whitmeyer

òòò½Íø Journal: Microeconomics

In order to study updating rules, we consider the problem of a malevolent principal screening an imperfectly Bayesian agent. We uncover a fundamental dichotomy between underreaction and overreaction to information. If, for some signal realization, the ...

Search Committee for AEJ: Microeconomics Editor

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Beyond Social Death: A Review Essay of Enslavement: Past and Present by Orlando Patterson

By Leonard Wantchekon

Journal of Economic Literature

Enslavement: Past and Present by Orlando Patterson should be required reading for any economist or economic historian interested in long-run development and growth, race, inequality, political economy, or institutional development. Patterson synthe...

Curbing the influence of criminals on public officials

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Better pay for politicians is associated with less corruption in public procurement.

IT investment and the earnings distribution

[Research Highlight]

February 25, 2026

The geographic dimension of wage polarization.

The effects of tariffs on consumer credit terms

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The 2018 steel and aluminum tariffs increased interest rates on auto loans, especially for lower-income consumers.

Demo Home Test 3

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The First 1,000 Days and Beyond: The Process of Child Development

By Orazio P. Attanasio

Journal of Economic Literature

This paper reviews recent research in the economics of human development, focusing on the early years of life as a critical period for shaping long-term outcomes. Early childhood development is inherently multidimensional: cognitive and socioemotional ski...

Strapped for Cash: The Role of Financial Constraints for Innovating Firms, Misallocation and Aggregate Productivity Growth

By Esther Ann µþø±ô±ð°ù, Andreas Moxnes, and Karen Helene Ulltveit-Moe

òòò½Íø Journal: Macroeconomics

We analyze the impact of reduced financial constraints on innovating firms' performance and access to credit using a reform that allowed firms to use patents as collateral. We develop a theoretical framework to guide the analysis and quantify the aggregat...

Data and Code Availability Policy

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It is the policy of the òòò½Íø to publish papers only if the data and code used in the analysis are clearly and precisely documented and access to the data and code is non-exclusive to the authors.

A short history of Asian immigration

[Research Highlight]

March 10, 2026

Hannah Postel discusses the evolution of Asian immigration to the United States.

òòò½Íø Conference on Teaching and Research in Economic Education (CTREE)

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òòò½Íø Distinguished Economic Education Award

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International Universities Included in the Top 200 of the Shanghai Academic Ranking of World Universities

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