Electronic Payment Technology and Tax Compliance: Evidence from Uruguay's Financial Inclusion Reform

By Anne Brockmeyer and Magaly Sáenz Somarriba

American Economic Journal: Economic Policy, February 2025

Does the digitization of transactions in an economy increase tax compliance? We study the effect of financial incentives on the adoption of electronic payment technology and on tax compliance by firms. Exploiting administrative data and policy variation f...

When Money Dies: The Dynamics of Speculative Hyperinflations

By Guillaume Rocheteau

American Economic Review, April 2025

How quickly does a fiat money become valueless? I study the speculative hyperinflation equilibria of continuous-time economies with decentralized markets where money is essential. I establish necessary and sufficient conditions under which money dies in f...

Currency Development through Liquidity Provision

By Antonio Coppola, Arvind Krishnamurthy, and Chenzi Xu

AEA Papers and Proceedings, May 2025

Drawing on the experiences of the historical Eurodollar market and recent Chinese dollar bond issuances traded outside US jurisdiction at negative spreads to Treasuries, we examine the conditions under which a parallel offshore dollar financial system tha...

Liquidity Traps: A Unified Theory of the Great Depression and the Great Recession

By Gauti B. Eggertsson and Sergei K. Egiev

Journal of Economic Literature, December 2025

This review of liquidity traps unifies three landmark economic downturns—the US Great Depression, the Great Recession, and Japan's Long Recession—into a single analytical framework. We examine various forces that drive natural interest rates negative:...

Creating the U.S. Dollar Currency Union, 1748-1811: A Quest for Monetary Stability or a Usurpation of State Sovereignty for Personal Gain?

By Farley Grubb

American Economic Review, December 2003

The Institutions of Monetary Policy

By Mervyn King

American Economic Review, May 2004

An Investigation of the Effects of Alcohol Consumption and Alcohol Policies on Youth Risky Sexual Behaviors

By Sara Markowitz, Robert Kaestner, and Michael Grossman

American Economic Review, May 2005

State "Currencies" and the Transition to the U.S. Dollar: Clarifying Some Confusions

By Ronald W. Michener and Robert E. Wright

American Economic Review, June 2005

Farley W. Grubb's recent papers on the early U.S. monetary system would be important contributions to the common currency area literature were not most of their historical assertions questionable and their key assumption—that the medium of exchange can ...

State "Currencies" and the Transition to the U.S. Dollar: Reply-Including a New View from Canada

By Farley W. Grubb

American Economic Review, September 2005

Policy Watch: Examining the Justification for Residential Recycling

By Thomas C. Kinnaman

Journal of Economic Perspectives, Fall 2006

There are 8,875 municipalities in the United States that have initiated curbside recycling programs over the past two decades to help reduce residential solid waste. Four thousand of these municipalities encourage recycling by requiring households to pay...

How Big a Problem is Too Big to Fail? A Review of Gary Stern and Ron Feldman's Too Big to Fail: The Hazards of Bank Bailouts

By Frederic S. Mishkin

Journal of Economic Literature, December 2006

This review essay examines whether too-big-to-fail is as serious a problem as Gary Stern and Ron Feldman contend. This essay argues that Stern and Feldman overstate the importance of the too-big-to-fail problem and do not give enough credit to the FDIC...

The Political Economy of the US Monetary Union: The Civil War Era as a Watershed

By David F. Weiman and John A. James

American Economic Review, May 2007

The Bank of Amsterdam and the Leap to Central Bank Money

By Stephen Quinn and William Roberds

American Economic Review, May 2007

Backing, the Quantity Theory, and the Transition to the US Dollar, 1723-1850

By Peter L. Rousseau

American Economic Review, May 2007

John Law's System

By François R. Velde

American Economic Review, May 2007

Institutions and Behavior: Experimental Evidence on the Effects of Democracy

By Pedro Dal Bó, Andrew Foster, and Louis Putterman

American Economic Review, December 2010

A novel experiment is used to show that the effect of a policy on the level of cooperation is greater when it is chosen democratically by the subjects than when it is exogenously imposed. In contrast to the previous literature, our experimental design all...

CSWEP: 25 Years at a Time

By Robin L. Bartlett

Journal of Economic Perspectives, Fall 1998

The history and achievements of the American Economic Association's (AEA) Committee on the Status of Women in the Economics Profession (CSWEP) over the past twenty-five years are reviewed. A picture of women's standing in the economics profession in 1972 ...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Fall 1991

Credit Market Consequences of Improved Personal Identification: Field Experimental Evidence from Malawi

By Xavier Giné, Jessica Goldberg, and Dean Yang

American Economic Review, October 2012

We implemented a randomized field experiment in Malawi examining borrower responses to being fingerprinted when applying for loans. This intervention improved the lender's ability to implement dynamic repayment incentives, allowing it to withhold future l...

Transaction Networks: Evidence from Mobile Money in Kenya

By William Jack, Adam Ray, and Tavneet Suri

American Economic Review, May 2013

Mobile money allows households in Kenya to spread risk more efficiently. In this paper we show that these efficiencies are achieved through deeper financial integration and expanded informal networks. Active networks are more geographically dispersed and ...