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American Economic Journal: Macroeconomics

Vol. 1, No. 2, July 2009


Front Matter (pp. i-ii)

Optimal Monetary Policy Rules in an Estimated Sticky-Information Model (pp. 1-28)
Ricardo Reis

Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy (pp. 29-54)
Sungbae An, Yongsung Chang and Sun-Bin Kim

Hit or Miss? The Effect of Assassinations on Institutions and War (pp. 55-87)
Benjamin F. Jones and Benjamin A. Olken

Democratic Capital: The Nexus of Political and Economic Change (pp. 88-126)
Torsten Persson and Guido Tabellini

Understanding the Forward Premium Puzzle: A Microstructure Approach (pp. 127-54)
Craig Burnside, Martin Eichenbaum and Sergio Rebelo

The International Diversification Puzzle When Goods Prices Are Sticky: It's Really about Exchange-Rate Hedging, Not Equity Portfolios (pp. 155-88)
Charles Engel and Akito Matsumoto

A Century of Work and Leisure (pp. 189-224)
Valerie A. Ramey and Neville Francis

How Is Foreign Aid Spent? Evidence from a Natural Experiment (pp. 225-44)
Eric Werker, Faisal Z. Ahmed and Charles Cohen