REStud North America Tour 2023 - host venues announcedREStud North America Tour 2023 – host venues announced 18 January 2023 The 2023 North America Tour will be hosted by Brown University, Rice University, and (jointly) the St. Louis Fed and Washington University of St. Louis.
Inference for Linear Conditional Moment Inequalities 13 January 2023 Isaiah Andrews, Jonathan Roth, and Ariel PakesWe show that moment inequalities in a wide variety of economic applications have a particular linear conditional structure.
Retraction of: Growing up in a Recession 11 January 2023 This is a retraction of: Paola Giuliano, Antonio Spilimbergo, Growing up in a Recession, The Review of Economic Studies, Volume 81, Issue 2, April 2014, Pages 787–817.
Social Positions and Fairness Views on Inequality 5 January 2023 Kristoffer B. Hvidberg, Claus T. Kreiner, and Stefanie StantchevaWe link survey data on Danish people’s perceived income positions and fairness views on inequality within various reference groups to administrative records on their reference groups, income histories, and life events. People are, on average, well-informed about the income levels of their reference groups.
A More Credible Approach to Parallel Trends 5 January 2023 Ashesh Rambachan and Jonathan RothThis paper proposes tools for robust inference in difference-in-differences and event- study designs where the parallel trends assumption may be violated.
Bond Premium Cyclicality and Liquidity Traps 4 January 2023 Nicolas Caramp and Sanjay R. SinghSafe asset shortages can expose an economy to liquidity traps. The nature of these traps is determined by the cyclicality of the bond premium. A counter-cyclical bond premium opens the possibility of expectations-driven liquidity traps in which small issuances of government debt crowd out private debt and reduce output.
Testing the Production Approach to Markup Estimation 4 January 2023 Devesh RavalUnder the production approach to markup estimation, any flexible input should recover the markup. I test this implication using manufacturing datasets from Chile, Colombia, India, Indonesia, the US, and Southern Europe, as well as store-level data from a major US retailer, and overwhelmingly reject that markups estimated using labor and materials have the same distribution.
Board Members, Directors and Foreign Editors stepping down in 2022 31 December 2022 We thank Mike Elsby, Fabian Waldinger, Stephan Lauermann, Manuel Amador, Patrick Kline and Johannes Stroebel who stepped down from the Editorial Board. We welcome Daniel Gottlieb and Séverine Toussaert to join as Editorial Board Members from 1st January 2023. Congratulations to Swati Dhingra and Florian Scheuer on their appointment as Directors from January 2023.
