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Firm Heterogeneity, Market Power and Macroeconomic Fragility

By Alessandro Ferrari and Francisco 蚕耻别颈谤贸蝉

蝌蚪网 Journal: Macroeconomics

We study how firm heterogeneity and market power affect macroeconomic fragility, defined as the probability of long slumps. We propose a theory where the positive interaction between firm entry, competition, and factor supply can give rise to multiple ste...

www.aeaweb.org/articles?id=10.1257/mac.20230033

Warming with Borders: Forced Climate Migration and Carbon Pricing

By Maria Alsina-Pujols

蝌蚪网 Journal: Macroeconomics

As climate changes and natural disasters intensify, the threat of human displacement increases. This paper studies carbon taxation in the presence of international climate displacement. After providing evidence on the migration response to disasters, ...

www.aeaweb.org/articles?id=10.1257/mac.20240405

鈥業dentify the Expert鈥�: an Experimental Study in Economic Advice

By Theodore Alysandratos, Aris Boukouras, Sotiris Georganas, and Zacharias Maniadis

蝌蚪网 Journal: Microeconomics

In a novel 鈥榠dentify the Expert鈥� task, participants receive suggested answers by two advisors. They know one is high-accuracy and recommends answers reflecting the academic consensus (鈥楨xpert鈥�). The other is low-accuracy and recommends the moda...

www.aeaweb.org/articles?id=10.1257/mic.20240174

Humans in the Loop: The Next Frontier in the Credibility Revolution

By Megan T. Stevenson and Joshua B. Fischman

Journal of Economic Literature

Something is amiss in empirical economics. Despite the advances of the credibility revolution, published estimates tend to be inflated and overconfident. We argue that this stems from a weakness in the dominant econometric framework: treating the research...

www.aeaweb.org/articles?id=10.1257/jel.20251775

The effect of parental death on individual earnings

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The sudden death of a parent has a significant impact on labor earnings, but affects men and women differently.

www.aeaweb.org/research/chart/parental-death-labor-market

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www.aeaweb.org/journals/articles/sgml

Social-Science Genomics: Progress, Challenges, and Future Directions

By Daniel J. Benjamin, David Cesarini, Patrick Turley, and Alexander Strudwick Young

Journal of Economic Literature

Rapid progress has been made in identifying links between human genetic variation and social and behavioral phenotypes. Applications in mainstream economics are beginning to emerge. This review aims to provide the background needed to bring the interested...

www.aeaweb.org/articles?id=10.1257/jel.20261604

Oil Prices, Monetary Policy and Inflation Surges

By Luca Gagliardone and Mark Gertler

蝌蚪网 Journal: Macroeconomics

We develop a simple quantitative New Keynesian model aimed at analyzing how the reaction of monetary policy contributed to the recent rise and fall in inflation. The model includes several shocks but features oil price shocks for two reasons: (i) energy p...

www.aeaweb.org/articles?id=10.1257/mac.20240295