蝌蚪网

Market Opacity and Fragility: Why Liquidity Evaporates When It Is Most Needed

By Giovanni Cespa and Xavier Vives

蝌蚪网 Review

Lack of market transparency can impair the liquidity provision of non-standard liquidity suppliers and make liquidity demand increasing in illiquidity. This can yield strategic complementarities and induce multiple equilibria. Then an initial dearth of...

The Geography of Child Penalties and Gender Norms: A Pseudo-Event Study Approach

By Henrik Kleven

蝌蚪网 Journal: Applied Economics

This paper develops a pseudo-event study approach for estimating child penalties using cross-sectional data. The approach produces estimates that align closely with those obtained from true event studies using panel data and is statistically more preci...

Disastrous Displacement: The Long-Run Impacts of Landslides

By Travis Baseler and Jakob Hennig

蝌蚪网 Journal: Applied Economics

Natural disasters displace millions of people a year, but their economic impacts are difficult to study when the affected population becomes dispersed. This paper estimates the longrun impacts of six landslides in Uganda on nearly the full affected popu...

Forward-Looking Labor Supply Responses to Changes in Pension Wealth: Evidence from Germany

By Elisabeth Artmann, Nicola 贵耻肠丑蝉-厂肠丑眉苍诲别濒苍, and Giulia Giupponi

蝌蚪网 Journal: Applied Economics

We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using administrative d...

Landing on Water: Air Interdiction, Drug-Trafficking Displacement, and Violence in the Brazilian Amazon

By Leila Pereira, Rafael Pucci, and Rodrigo R. Soares

蝌蚪网 Journal: Applied Economics

We study a Force-down/Shoot-down intervention in Brazil that led cocaine traffickers to shift from air to river routes. Using data on cocaine production, homicides, and the network of rivers in the Amazon, we provide evidence that violence increased in ...

AEJ Best Paper Awards

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View articles selected for the annual AEJ Best Paper Awards.

Foreign Honorary Members

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View the list of Foreign Honorary Members

Donald Andrews, Distinguished Fellow 2026

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N. Gregory Mankiw, Distinguished Fellow 2026

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Robert A. Margo, Distinguished Fellow 2026

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Marjorie McElroy, Distinguished Fellow 2026

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Do Carbon Offsets Offset Carbon?

By Raphael Calel, Jonathan Colmer, Antoine 顿别肠丑别锄濒别辫谤锚迟谤别, and Matthieu Glachant

蝌蚪网 Journal: Applied Economics, January 2025

We develop and implement a new method for identifying wasted subsidies and use it to provide systematic evidence of the misallocation of carbon offsets in the Clean Development Mechanism鈥攖he world's largest carbon offset program. Using newly constructed...

Employed in a SNAP? The Impact of Work Requirements on Program Participation and Labor Supply

By Colin Gray, Adam Leive, Elena Prager, Kelsey Pukelis, and Mary Zaki

蝌蚪网 Journal: Economic Policy, February 2023

Work requirements are common in US safety net programs. Evidence remains limited, however, on the extent to which work requirements increase economic self-sufficiency or screen out vulnerable individuals. Using linked administrative data on food stamps (S...

Optimal Fiscal and Monetary Policy with Distorting Taxes

By Christopher A. Sims

蝌蚪网 Journal: Macroeconomics, April 2025

When government debt pays a lower return than private assets, the reasoning in Friedman's (1969) essay on the optimal quantity of money suggests that it would be optimal to expand the debt until its return matched that on private assets. When the only oth...

The Fake News Effect: Experimentally Identifying Motivated Reasoning Using Trust in News

By Michael Thaler

蝌蚪网 Journal: Microeconomics, May 2024

Motivated reasoning posits that people distort how they process information in the direction of beliefs they find attractive. This paper creates a novel experimental design to identify motivated reasoning from Bayesian updating when people have preconceiv...

John Bates Clark Medal

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Awarded annually to the American economist under the age of forty with the most significant contribution to economic thought and knowledge

蝌蚪网 Announces Spring Award Recipients for 2026

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April 06, 2026

View the 蝌蚪网 Member Announcement from April 7, 2026.

蝌蚪网 Honors and Awards

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Ludwig Straub, Clark Medalist 2026

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