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• The Effect of Female Education on Fertility and Infant Health: Evidence from School Entry Policies Using Exact Date of Birth AI翻译
  作者：McCrary, Justin; Royer, Heather
  作者单位：University of California System; University of California Berkeley; University of California System; University of California Santa Barbara
  摘要：This paper uses age-at-school-entry policies to identify the effect of female education on fertility and infant health. We focus on sharp contrasts in schooling, fertility, and infant health between women born just before and after the school entry date. School entry policies affect female education and the quality of a woman's mate and have generally small, but possibly heterogeneous, effects on fertility and infant health. We argue that school entry policies manipulate primarily the educatio...
• Growing Like China AI翻译
  作者：Song, Zheng; Storesletten, Kjetil; Zilibotti, Fabrizio
  作者单位：Fudan University; Chinese University of Hong Kong; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of Zurich
  摘要：We construct a growth model consistent with China's economic transition: high output growth, sustained returns on capital, reallocation within the manufacturing sector, and a large trade surplus. Entrepreneurial firms use more productive technologies, but due to financial imperfections they must finance investments through internal savings. State-owned firms have low productivity but survive because of better access to credit markets. High-productivity firms outgrow low-productivity firms if e...
• Two Illustrations of the Quantity Theory of Money: Breakdowns and Revivals AI翻译
  作者：Sargent, Thomas J.; Surico, Paolo
  作者单位：New York University; Centre for Economic Policy Research - UK; University of London; London Business School
  摘要：By extending his data, we document the instability of low-frequency regression coefficients that Lucas (1980) used to express the quantity theory of money. We impute the differences in these regression coefficients to differences in monetary policies across periods. A DSGE model estimated over a subsample like Lucas's implies values of the regression coefficients that confirm Lucas's results for his sample period. But perturbing monetary policy rule parameters away from the values estimated ov...
• Reflections on Some Unsettled Problems of Irrigation AI翻译
  作者：Ostrom, Elinor
  作者单位：Indiana University System; Indiana University Bloomington; Arizona State University; Arizona State University-Tempe
  摘要：It is instructive to read the article that Katharine Coman published in the first issue of the American Economic Review to gain insight into the problems of collective action related to irrigation in the American West. One gains further understanding of the problems Coman identifies by using a social-ecological system (Ostrom 2007, 2009) to organize the diverse variables identified by Coman. One gains a general lesson from this analysis that changing the formal governance structure of irrigati...
• Monetary Policy, Trend Inflation, and the Great Moderation: An Alternative Interpretation AI翻译
  作者：Coibion, Olivier; Gorodnichenko, Yuriy
  作者单位：William & Mary; University of California System; University of California Berkeley
• The Evolution of Cooperation in Infinitely Repeated Games: Experimental Evidence AI翻译
  作者：Dal Bo, Pedro; Frechette, Guillaume R.
  作者单位：Brown University; New York University
• The Problem of the Commons: Still Unsettled after 100 Years AI翻译
  作者：Stavins, Robert N.
  作者单位：Harvard University; National Bureau of Economic Research
  摘要：The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the US and other economies have grown, the carrying capacity of the planet-in regard to natural resources and environmental-quality-has become a greater concern, particularly for common-property and open-access resources. The focus of this article is on some important, unsettled problems of the commons. ...