Accepted Papers

Using Disasters to Estimate the Impact of Uncertainty

20 March 2023

Scott R Baker, Nicholas Bloom, and Stephen Terry

Uncertainty rises in recessions and falls in booms. But what is the causal relationship? We construct cross-country panel data on stock market returns to proxy for first- and second-moment shocks and instrument these with natural disasters, terrorist attacks, and political shocks.

Price Discrimination in International Airline Markets

20 March 2023

Gaurab Aryal, Charles Murry, and Jonathan W. Williams

We develop a model of inter-temporal and intra-temporal price discrimination by monopoly airlines to study the ability of different discriminatory pricing mechanisms to increase efficiency and the associated distributional implications.

Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation

16 March 2023

Gregory Casey

I develop a directed technical change model of economic growth and energy efficiency in order to study the impact of climate change mitigation policies on energy use.

How the Other Half Died: Immigration and Mortality in US Cities

6 March 2023

Philipp Ager, James J. Feigenbaum, Casper Worm Hansen, and Hui Ren Tan

Fears of immigrants as a threat to public health have a long and sordid history. At the turn of the 20th century, when immigrants made up one-third of the population in crowded American cities, contemporaries blamed high urban mortality rates on the newest arrivals.

Misspecified Moment Inequality Models: Inference and Diagnostics

27 February 2023

Donald Andrews and Soonwoo Kwon

This paper is concerned with possible model misspecification in moment inequality models. Two issues are addressed.

Monetary Policy and Birth Rates: The Effect of Mortgage Rate Pass-through on Fertility

27 February 2023

Fergus Cumming and Lisa Dettling

This paper examines whether monetary policy pass-through to mortgage interest rates affects household fertility decisions.

Beyond Dividing the Pie: Multi-Issue Bargaining in the Laboratory

21 February 2023

Olivier Bochet, Manshu Khanna, and Simon Siegenthaler

We design a laboratory experiment to study bargaining behavior when negotiations involve multiple issues. Parties must discover both trading prices and agreement scopes, giving rise to unexplored information structures and bargaining strategies.

Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies

21 February 2023

Gabriele Gratton and Barton E. Lee

We study a model of the rise and fall of illiberal democracies. Voters value both liberty and economic security. In times of crisis, voters may prefer to elect an illiberal government that, by violating constitutional constraints, offers greater economic security but less liberty.

The Review of Economic Studies Follow

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

New paper by Le Grand, Martin-Baillon & Ragot:

https://www.restud.com/should-monetary-policy-care-about-redistribution-optimal-monetary-and-fiscal-policy-with-heterogeneous-agents/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2029913437573206037 Retweet on Twitter 2029913437573206037 18 Like on Twitter 2029913437573206037 64 Twitter 2029913437573206037

New paper by Ashraf, Bakhtin, Field, Voena, & Ziparo:

https://www.restud.com/gendered-spheres-of-learning-and-household-decision-making-over-fertility/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2029891460011536518 Retweet on Twitter 2029891460011536518 4 Like on Twitter 2029891460011536518 20 Twitter 2029891460011536518

New paper by Christensen, Moon and Schorfheide:

https://restud.com/optimal-decision-rules-when-payoffs-are-partially-identified/
#REStud
#EconX
#EconTwitter

Reply on Twitter 2026966871782592564 Retweet on Twitter 2026966871782592564 3 Like on Twitter 2026966871782592564 23 Twitter 2026966871782592564

New paper by Mahajan, Michel and Tarozzi:

https://www.restud.com/identification-of-time-inconsistent-models-the-case-of-insecticide-treated-nets/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2026966181702164915 Retweet on Twitter 2026966181702164915 4 Like on Twitter 2026966181702164915 15 Twitter 2026966181702164915