Why Has the U.S. Economy Become Less Correlated with the Rest of the World?

By Jonathan Heathcote and Fabrizio Perri

American Economic Review, May 2003

In this paper we do two things. First we document that over the last 40 years the U.S. business cycle has become less synchronized with the cycle in the rest of the world. Second we try to explain why this has happened. We use a general-equilibrium model ...

Sovereign Debt Restructuring: Messy or Messier?

By Anne Krueger

American Economic Review, May 2003

JEL Classification System

Journal of Economic Literature, June 2007

Sovereign Debt Restructuring

By Randall S. Kroszner

American Economic Review, May 2003

Is Aggregation a Problem for Sovereign Debt Restructuring?

By Barry Eichengreen and Ashoka Mody

American Economic Review, May 2003

Capital-Account Liberalization, the Cost of Capital, and Economic Growth

By Peter Blair Henry

American Economic Review, May 2003

Equity-Market Liberalizations as Country IPO's

By Rodolfo Martell and René M. Stulz

American Economic Review, May 2003

Fieldwork, Economic Theory, and Research on Institutions in Developing Countries

By Christopher Udry

American Economic Review, May 2003

Payoffs from Panels in Low-Income Countries: Economic Development and Economic Mobility

By Mark R. Rosenzweig

American Economic Review, May 2003

Sensitivity to Exogeneity Assumptions in Program Evaluation

By Guido W. Imbens

American Economic Review, May 2003

Market Design: The Policy Uses of Theory

By John McMillan

American Economic Review, May 2003

Modern Theory of Unemployment Fluctuations: Empirics and Policy Applications

By Robert E. Hall

American Economic Review, May 2003

Strong and widely accepted evidence shows that the natural rate of unemployment varies over time with substantial amplitude. The frictions in the labor market that account for positive normal levels of unemployment are not simple and mechanical. Instead, ...

An Examination of the Influence of Theory and Individual Theorists on Empirical Research in Microeconomics

By Pierre-André Chiappori and Steven D. Levitt

American Economic Review, May 2003

Economic Behavior in Political Context

By Larry M. Bartels and Henry E. Brady

American Economic Review, May 2003

Inviting political scientists to tell economists how they could do better work is an act of disciplinary generosity. The reality is that contemporary political science is a net importer of ideas and methods from other disciplines, and from none more than ...

A Psychological Perspective on Economics

By Daniel Kahneman

American Economic Review, May 2003

My first exposure to the psychological assumptions of economics was in a report that Bruno Frey wrote on that subject in the early 1970's. Its first or second sentence stated that the agent of economic theory is rational and selfish, and that his tastes d...

A Picture Is Worth a Thousand Symbols: A Sociologist's View of the Economic Pursuit of Truth

By Joel M. Podolny

American Economic Review, May 2003

Studying Optimal Paternalism, Illustrated by a Model of Sin Taxes

By Ted O'Donoghue and Matthew Rabin

American Economic Review, May 2003

Models of Thinking, Learning, and Teaching in Games

By Colin Camerer, Teck Ho, and Kuan Chong

American Economic Review, May 2003

Noncooperative game theory combines strategic thinking, best-response, and mutual consistency of beliefs and choices (equilibrium). Hundreds of experiments show that in actual behavior these three forces are limited, even when subjects are highly motivate...

Decision Making with Naive Advice

By Andrew Schotter

American Economic Review, May 2003

Testing Political Economy Models of Reform in the Laboratory

By Timothy N. Cason and Vai-Lam Mui

American Economic Review, May 2003