Accepted Papers

Liquidity and Exchange Rates: An Empirical Investigation

16 October 2022

Charles Engel and Steve Pak Yeung Wu

We find strong empirical evidence that the liquidity yield on government bonds in combination with standard economic fundamentals can well account for nominal exchange rate movements.

Agenda-manipulation in ranking

16 October 2022

Gregorio Curello and Ludvig Sinander

We study the susceptibility of committee governance (e.g. by boards of directors), modelled as the collective determination of a ranking of a set of alternatives, to manipulation of the order in which pairs of alternatives are voted on—agenda-manipulation.

Screening with Frames: Implementation in Extensive Form

16 October 2022

Franz Ostrizek and Denis Shishkin

We study a decision-framing design problem: a principal faces an agent with frame-dependent preferences and designs an extensive form with a frame at each stage.

Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work

16 October 2022

Giulia Giupponi and Camille Landais

Short time work (STW) policies provide subsidies for hour reductions to workers in firms experiencing temporary shocks.

Optimal Corporate Taxation Under Financial Frictions

9 October 2022

Eduardo Dávila and Benjamin Hébert

This paper studies the optimal design of corporate taxes when firms have private information about future investment opportunities and face financial constraints.

Career Spillovers in Internal Labor Markets

2 October 2022

Nicola Bianchi, Giulia Bovini, Jin Li, Matteo Paradisi and Michael Powell

This paper studies career spillovers across workers, which arise in firms with limited promotion opportunities.

Moral Universalism and the Structure of Ideology

25 September 2022

Benjamin Enke, Ricardo Rodriguez-Padilla and Florian Zimmermann

Throughout the Western world, people’s policy views are correlated across domains in a strikingly similar fashion.

Opinions as Facts

25 September 2022

Leonardo Bursztyn, Aakaash Rao, Christopher Roth and David Yanagizawa-Drott

The rise of opinion programs has transformed television news. Because they present anchors’ subjective commentary and analysis, opinion programs often convey conflicting narratives about reality.

The Review of Economic Studies Follow

The official account of the Review of Economic Studies, one of the world's top economics journals.

How do currencies become international?

Bahaj & Reis(@R2Rsquared) show that PBoC swap lines boosted RMB use abroad, revealing a policy lever to jumpstart a currency’s international status.

https://www.restud.com/jumpstarting-an-international-currency/

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Editorial update:
Gabriel Chodorow-Reich @gchodorowreich (Harvard University) has stepped down as a Foreign Editor of The Review of Economic Studies. We are grateful to Gabe for his excellent service and contributions to the journal and the REStud Tour.

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"Capital flowed to high-inflation countries during recent surge, worsening the output-inflation tradeoff. Reversing flows would have reduced volatility & tightening needs."

New paper by @LouphouC & Bengui:

https://www.restud.com/destabilizing-capital-flows-amid-global-inflation/

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Announcement📢:

We are pleased to welcome @andreamoro (Vanderbilt University) as our new Data Editor, effective 1 January 2026. We look forward to collaborating with him in this new role.

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Liquidity and Exchange Rates: An Empirical Investigation

Agenda-manipulation in ranking

Screening with Frames: Implementation in Extensive Form

Subsidizing Labor Hoarding in Recessions: The Employment & Welfare Effects of Short Time Work

Optimal Corporate Taxation Under Financial Frictions

Career Spillovers in Internal Labor Markets

Moral Universalism and the Structure of Ideology

Opinions as Facts

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