Accepted Papers

Wall Street and Silicon Valley: A Delicate Interaction

1 July 2022

George-Marios Angeletos, Guido Lorenzoni and Alessandro Pavan

Entrepreneurs and venture capitalists are concerned about investors’ beliefs in asset markets because these beliefs shape the value of a potential IPO and the possibility to expand.

Belief Convergence under Misspecified Learning: A Martingale Approach

1 July 2022

Mira Frick, Ryota Iijima and Yuhta Ishii

We present an approach to analyse learning outcomes in a broad class of misspecified environments, spanning both single-agent and social learning

Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations

1 July 2022

Simon Jäger, Benjamin Schoefer and Josef Zweimüller

We present a test of Coasean theories of efficient separations.

Matching in Dynamic Imbalanced Markets

1 July 2022

Itai Ashlagi, Afshin Nikzad and Philipp Strack

We study dynamic matching in exchange markets with easy- and hard-to-match agents.

Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program

25 June 2022

Sumit Agarwal, Gene Amromin, Souphala Chomsisengphet, Tim Landvoigt, Tomasz Piskorski, Amit Seru and Vincent Yao

We examine the ability of the government to impact mortgage refinancing activity and spur consumption by focusing on the Home Affordable Refinance Program (HARP).

A Risk-based Theory of Exchange Rate Stabilization

25 June 2022

Tarek A. Hassan, Thomas M. Mertens and Tony Zhang

We develop a novel, risk-based theory of the effects of exchange rate stabilization. In our model, the choice of exchange rate regime allows policymakers to make their currency, and by extension, the firms in their country, a safer investment for international investors.

Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right

25 June 2022

Ernesto Dal Bo, Frederico Finan, Olle Folke, Torsten Persson and Johanna Rickne

We study the politicians and voters of the Sweden Democrats, a major populist radical-right party. Based on detailed administrative data, we present the first comprehensive account of which politicians are selected into such a party.

Estimating the Costs of Standardization: Evidence from the Movie Industry

25 June 2022

El Hadi Caoui

This paper studies the decentralized adoption of a technology standard when network effects are present.

The Review of Economic Studies Follow

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

Under Smooth Diagnostic Expectations overreaction increases smoothly with uncertainty, providing a micro-foundation for key properties of survey data and the business cycle.

New paper by @Francesco_Bia, @CosminIlut, and @hpfilter

https://www.restud.com/smooth-diagnostic-expectations/

#REStud
#EconX

Reply on Twitter 2077409366924263892 Retweet on Twitter 2077409366924263892 7 Like on Twitter 2077409366924263892 40 Twitter 2077409366924263892

New paper by Kwak

https://www.restud.com/when-is-separate-sales-optimal/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2077377391932875126 Retweet on Twitter 2077377391932875126 Like on Twitter 2077377391932875126 14 Twitter 2077377391932875126

New paper by Kaila:

https://www.restud.com/how-do-people-react-to-income-based-fines-evidence-from-speeding-tickets-discontinuities/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2077334277813940432 Retweet on Twitter 2077334277813940432 5 Like on Twitter 2077334277813940432 20 Twitter 2077334277813940432

The UK’s post-1963 Robbins Report university boom brought in less able students from advantaged backgrounds. Future expansions should target talented students facing socioeconomic barriers.

New paper by Ichino, Rustichini, and @giulio_zanella:

https://www.restud.com/college-cognitive-ability-and-socioeconomic-disadvantage-policy-lessons-from-the-uk-in-1960-2004/

#REStud

Reply on Twitter 2077006451751432518 Retweet on Twitter 2077006451751432518 5 Like on Twitter 2077006451751432518 33 Twitter 2077006451751432518

Wall Street and Silicon Valley: A Delicate Interaction

Belief Convergence under Misspecified Learning: A Martingale Approach

Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations

Matching in Dynamic Imbalanced Markets

Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program

A Risk-based Theory of Exchange Rate Stabilization

Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right

Estimating the Costs of Standardization: Evidence from the Movie Industry

Follow us