The American Economic Review

最新文章

• The Persistence of Inferior Cultural-Institutional Conventions AI翻译
  作者：Belloc, Marianna; Bowles, Samuel
  作者单位：Sapienza University Rome; The Santa Fe Institute
• Why Do Programmers Earn More in Houston than Hyderabad? Evidence from Randomized Processing of US Visas AI翻译
  作者：Clemens, Michael A.
• Social Organizations, Violence, and Modern Growth AI翻译
  作者：Greif, Avner; Iyigun, Murat
  作者单位：Stanford University; University of Colorado System; University of Colorado Boulder
• Natural Gas: From Shortages to Abundance in the United States AI翻译
  作者：Joskow, Paul L.
• Trade Liberalization and Gender Inequality AI翻译
  作者：Juhn, Chinhui; Ujhelyi, Gergely; Villegas-Sanchez, Carolina
  作者单位：University of Houston System; University of Houston; Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE)
• Economic Experts versus Average Americans AI翻译
  作者：Sapienza, Paola; Zingales, Luigi
  作者单位：Northwestern University; University of Chicago
• Intermediary Asset Pricing AI翻译
  作者：He, Zhiguo; Krishnamurthy, Arvind
  作者单位：University of Chicago; National Bureau of Economic Research; Northwestern University
  摘要：We model the dynamics of risk premia during crises in asset markets where the marginal investor is a financial intermediary. Intermediaries face an equity capital constraint. Risk premia rise when the constraint binds, reflecting the capital scarcity. The calibrated model matches the nonlinearity of risk premia during crises and the speed of reversion in risk premia from a crisis back to precrisis levels. We evaluate the effect of three government policies: reducing intermediaries borrowing co...
• Inferring Strategic Voting AI翻译
  作者：Kawai, Kei; Watanabe, Yasutora
  作者单位：New York University; Northwestern University
  摘要：We estimate a model of strategic voting and quantify the impact it has on election outcomes. Because the model exhibits multiplicity of outcomes, we adopt a set estimator. Using Japanese general-election data, we find a large fraction (63.4 percent, 84.9 percent) of strategic voters, only a small fraction (1.4 percent, 4.2 percent) of whom voted for a candidate other than the one they most preferred (misaligned voting). Existing empirical literature has not distinguished between the two, estim...
• Paper Money AI翻译
  作者：Sims, Christopher A.
  作者单位：Princeton University
  摘要：Drastic changes in central bank operations and monetary institutions in recent years have made previously standard approaches to explaining the determination of the price level obsolete. Recent expansions of central bank balance sheets and of the levels of rich-country sovereign debt, as well as the evolving political economy of the European Monetary Union, have made it clear that fiscal policy and monetary policy are intertwined. Our thinking and teaching about inflation, monetary policy, and...
• Income and Substitution Effects of Estate Taxation AI翻译
  作者：Hines, James R., Jr.
  作者单位：University of Michigan System; University of Michigan