Accepted Papers

Infrequent Random Portfolio Decisions in an Open Economy Model

26 July 2022

Philippe Bacchetta, Eric van Wincoop and Eric R. Young

We introduce a portfolio friction in a two-country DSGE model where investors face a constant probability to make new portfolio decisions.

Sentimental Business Cycles

22 July 2022

Andresa Lagerborg, Evi Pappa and Morten O. Ravn

We estimate the dynamic causal effects of consumer sentiment shocks in the US.

Reputation Building under Observational Learning

22 July 2022

Harry Pei

A patient seller interacts with a sequence of myopic consumers.

Price Discrimination and Public Policy in the U.S. College Market

22 July 2022

Ian Fillmore

In the United States, the federal government grants colleges access to a student’s Free Application for Federal Student Aid (FAFSA) which facilitates substantial price discrimination.

When Less is More: Improving Choices in Health Insurance Markets

22 July 2022

Jason Abaluck and Jonathan Gruber

We study the impact of changing choice set size on the quality of choices in health insurance markets.

The Missing Profits of Nations

22 July 2022

Thomas Tørsløv, Ludvig Wier and Gabriel Zucman

By exploiting new macroeconomic data known as foreign affiliates statistics, we show that affiliates of foreign multinational firms are an order of magnitude more profitable than local firms in a number of low-tax countries.

Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle

15 July 2022

Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan and Elena Pastorino

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the procylicality of the opportunity cost of employment, the cyclicality of wages, and the volatility of risk-free rates.

Consumer Search and Prices in the Automobile Market

13 July 2022

José Luis Moraga-González, Zsolt Sándor and Matthijs R. Wildenbeest

This paper develops a discrete choice model of demand with optimal sequential consumer search.

The Review of Economic Studies Follow

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

.@lindaawuu and coauthor study two estate tax reforms in Taiwan and find quick and asymmetric responses. Reported estates are more elastic to tax hikes than tax cuts. 👇

12/13

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*** Meet REStud North American 2025 Tourists! ***

The REStud North American Tour recognizes the most promising graduating doctoral students in economics and finance from European universities, and introduces them and their research to audiences in North America,

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1/13

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"Sellers often choose sudden, unannounced price drops—unlike standard models with forward-looking, strategic buyers. We show why a seller would prefer this."

Recently accepted to #REStud, from Dilmé and Garrett:

https://www.restud.com/a-dynamic-theory-of-random-price-discounts/

#econtwitter