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.

Supply-side climate policies in the oil market: Higher taxes reduce exploration and discoveries. If only OECD countries adopt this policy, 47–73% is offset by non-OECD countries.

New paper by @AhlvikLassi, @jorgenja, Hamang, & @tfharding:

https://www.restud.com/quantifying-supply-side-climate-policies/

#REStud
#EconX

Reply on Twitter 2039323089557692516 Retweet on Twitter 2039323089557692516 17 Like on Twitter 2039323089557692516 22 Twitter 2039323089557692516

"We prove a CLT for strategic network formation with homophilous agents. This enables inference on statistics derived from a single large network. We discuss practical procedures."

New Paper by Leung & Moon:

https://www.restud.com/normal-approximation-in-large-network-models/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2034586724051857572 Retweet on Twitter 2034586724051857572 9 Like on Twitter 2034586724051857572 27 Twitter 2034586724051857572

"A new theory on how regional shocks affect aggregate welfare—applied to US highway network improvements—unpacking how and why it deviates from the Fogel/Hulten characterization."

New paper by @MiyauchiYuhei, @EricDonald, & Fukui:

https://www.restud.com/unpacking-aggregate-welfare-in-a-spatial-economy/

#REStud

Reply on Twitter 2033827362492625267 Retweet on Twitter 2033827362492625267 11 Like on Twitter 2033827362492625267 61 Twitter 2033827362492625267

New paper by Campos-Mercade, Goette, Graeber, Kellogg, and Sprenger:

https://www.restud.com/de-gustibus-and-disputes-about-reference-dependence/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2033469744192344555 Retweet on Twitter 2033469744192344555 2 Like on Twitter 2033469744192344555 15 Twitter 2033469744192344555

Infrequent Random Portfolio Decisions in an Open Economy Model

Sentimental Business Cycles

Reputation Building under Observational Learning

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

When Less is More: Improving Choices in Health Insurance Markets

The Missing Profits of Nations

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

Consumer Search and Prices in the Automobile Market

Follow us