Accepted Papers

The Review of Economic Studies is one of the most highly respected academic journals in the field of economics. It is known for publishing leading research in all areas of economics, from microeconomics to macroeconomics. The journal is published by the Oxford University Press.

View published articles on Oxford University Press

New

Monetary Policy and Endogenous Financial Crises

Frédéric Boissay, Fabrice Collard, Jordi Galí, and Cristina Manea

What are the channels through which monetary policy affects financial stability? Can (and should) central banks prevent financial crises by deviating from price stability? To what extent may monetary policy itself unintentionally breed financial vulnerabilities? We answer these questions using a New Keynesian model with capital accumulation and endogenous financial crises due to adverse selection and moral hazard in credit markets.

New

Money Markets, Collateral and Monetary Policy

Fiorella De Fiore, Marie Hoerova, Ciaran Rogers, and Harald Uhlig

We document dramatic changes in euro area interbank money markets during the financial and sovereign debt crises: unsecured borrowing declined across the euro area, while secured market haircuts on sovereign bonds increased, and bank borrowing from the European Central Bank rose in southern countries. We construct a quantitative general equilibrium model to assess the macroeconomic impact of these developments and the associated policy response.

New

Counterfactual Analysis for Structural Dynamic Discrete Choice Models

Myrto Kalouptsidi, Yuichi Kitamura, Lucas Lima, and Eduardo Souza-Rodrigues

Discrete choice data allow researchers to recover differences in utilities, but these differences may not suffice to identify policy-relevant counterfactuals of interest. In fact, in the case of dynamic discrete choice models, only a narrow set of counterfactuals are point-identified. In this paper, we explore how much one can learn about counterfactual outcomes of interest within this framework.

New

Identification and estimation of dynamic random coefficient models

Wooyong Lee

I study linear panel data models with predetermined regressors (such as lagged dependent variables) where coefficients are individual-specific, allowing for heterogeneity in the effects of the regressors on the dependent variable. I show that the model is not point-identified in a short panel context but rather partially identified, and I characterize the identified sets for the mean, variance, and CDF of the coefficient distribution.

Follow us

The Review of Economic Studies Follow

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

RevEconStudies

Improve your economic data analysis by using jackknife standard errors under clustering. This is a minor code change, and can lead to greatly improved inference. This paper provides the theoretical foundation.

New paper by @BruceEHansen

https://www.restud.com/jackknife-standard-errors-for-clustered-regression/

#REStud
#EconX

Reply on Twitter 2061710975128961390 Retweet on Twitter 2061710975128961390 52 Like on Twitter 2061710975128961390 224 Twitter 2061710975128961390

From 1 June 2026, the submission fee for the Review of Economic Studies will increase to USD 250, with the reduced student rate increasing to USD 150.

Full details are available on our website.

Reply on Twitter 2061452574000087157 Retweet on Twitter 2061452574000087157 1 Like on Twitter 2061452574000087157 14 Twitter 2061452574000087157

New paper by Aneja, Farina, and Xu:

https://www.restud.com/closing-gender-gaps-through-workplace-diversity-the-intergenerational-effects-of-world-war-i/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2061400265039753492 Retweet on Twitter 2061400265039753492 8 Like on Twitter 2061400265039753492 38 Twitter 2061400265039753492

A new tractable model with persistent, spatially correlated utility explains a new fact about how migration evolves over time, with implications for dynamics and welfare.

New paper by @greg_l_howard & Shao:

https://www.restud.com/the-dynamics-of-internal-migration-a-new-fact-and-its-implications/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2059275273258811547 Retweet on Twitter 2059275273258811547 15 Like on Twitter 2059275273258811547 79 Twitter 2059275273258811547
Load More