The American Economic Review

最新文章

• Is Modern Technology Responsible for Jobless Recoveries? AI翻译
  作者：Graetz, Georg; Michaels, Guy
  作者单位：Uppsala University; University of London; London School Economics & Political Science
• Heterogeneous Scarring Effects of Full-Year Nonemployment AI翻译
  作者：Guvenen, Fatih; Karahan, Fatih; Ozkan, Serdar; Song, Jae
  作者单位：University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - New York; University of Toronto
• Abducting Economics AI翻译
  作者：Heckman, James J.; Singer, Burton
  作者单位：University of Chicago; State University System of Florida; University of Florida
• Price Cutting and Business Stealing in Imperfect Cartels AI翻译
  作者：Bernheim, B. Douglas; Madsen, Erik
  作者单位：Stanford University; National Bureau of Economic Research; New York University
  摘要：Although economists have made substantial progress toward formulating theories of collusion in industrial cartels that account for a variety of fact patterns, important puzzles remain. Standard models of repeated interaction formalize the observation that cartels keep participants in line through the threat of punishment, but they fail to explain two important factual observations: first, apparently deliberate cheating actually occurs; second, it frequently goes unpunished even when it is dete...
• In with the Big, Out with the Small: Removing Small-Scale Reservations in India AI翻译
  作者：Martin, Leslie A.; Nataraj, Shanthi; Harrison, Ann E.
  作者单位：University of Melbourne; RAND Corporation; University of Pennsylvania; National Bureau of Economic Research
  摘要：An ongoing debate in employment policy is whether promoting small and medium enterprises creates jobs. We use the elimination of small-scale industry (SSI) promotion in India to address this question. For 60 years, SSI promotion in India focused on reserving certain products for manufacture by small and medium enterprises. We identify the consequences for employment growth, investment, output, productivity, and wages of dismantling India's SSI reservations. We exploit variation in the timing o...
• Microeconomic Origins of Macroeconomic Tail Risks AI翻译
  作者：Acemoglu, Daron; Ozdaglar, Asuman; Tahbaz-Salehi, Alireza
  作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Columbia University
  摘要：Using a multisector general equilibrium model, we show that the interplay of idiosyncratic microeconomic shocks and sectoral heterogeneity results in systematic departures in the likelihood of large economic downturns relative to what is implied by the normal distribution. Such departures can emerge even though GDP fluctuations are approximately normally distributed away from the tails, highlighting the different nature of large economic downturns from regular business-cycle fluctuations. We f...
• Clearing Up the Fiscal Multiplier Morass AI翻译
  作者：Leeper, Eric M.; Traum, Nora; Walker, Todd B.
  作者单位：Indiana University System; Indiana University Bloomington; National Bureau of Economic Research; North Carolina State University; Indiana University System; Indiana University Bloomington
  摘要：We quantify government spending multipliers in US data using Bayesian prior and posterior analysis of a monetary model with fiscal details and two distinct monetary-fiscal policy regimes. The combination of model specification, observable data, and relatively diffuse priors for some parameters lands posterior estimates in regions of the parameter space that yield fresh perspectives on the transmission mechanisms that underlie government spending multipliers. Short-run output multipliers are co...
• ECONOMETRICS OF MATCHING Regression Discontinuity in Serial Dictatorship: Achievement Effects at Chicago's Exam Schools AI翻译
  作者：Abdulkadiroglu, Atila; Angrist, Joshua D.; Narita, Yusuke; Pathak, Parag A.; Zarate, Roman A.
  作者单位：Duke University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); Yale University
• Economic Development and the Regulation of Morally Contentious Activities AI翻译
  作者：Elias, Julio J.; Lacetera, Nicola; Macis, Mario; Salardi, Paola
  作者单位：University of Toronto; University Toronto Mississauga; Johns Hopkins University; University of Toronto
• Nonparametric Counterfactual Predictions in Neoclassical Models of International Trade AI翻译
  作者：Adao, Rodrigo; Costinot, Arnaud; Donaldson, Dave
  作者单位：Princeton University; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Stanford University
  摘要：We develop a methodology to construct nonparametric counterfactual predictions, free of functional form restrictions on preferences and technology, in neoclassical models of international trade. First, we establish the equivalence between such models and reduced exchange models in which countries directly exchange factor services. This equivalence implies that, for an arbitrary change in trade costs, counterfactual changes in the factor content of trade, factor prices, and welfare only depend ...