Search

Showing 16,641-16,660 of 18,032 items.

Long-Term Securities and Banking Crises

By Jianjun Miao, Zhouxiang Shen, and Dongling Su

American Economic Journal: Macroeconomics

We incorporate banks into a DSGE framework to study how interest rate hikes affect the macroeconomy. The procyclical bank balance sheets and long-term bond prices amplify adverse shocks, which can trigger a bank run. We introduce a macroprudential pol...

Alcohol, Labor, and Agriculture

By David M. A. Murphy

American Economic Journal: Economic Policy

I evaluate a randomized control trial in rural Kenya in which selected households received cognitive behavioral therapy and medication to reduce alcohol abuse. Sixteen months post-intervention, the program decreased the likelihood of positive spot brea...

Preferences for Firearms

By Sarah Moshary, Bradley T. Shapiro, and Sara Drango

American Economic Review: Insights, September 2025

This paper provides a critical input into crafting effective firearms policy: an understanding of consumer demand for guns. We estimate individual-level price sensitivity and substitution patterns across gun types using stated-choice experiments. We find ...

Quantifying Threshold Manipulation in the Presence of Rounding: The Case of Lead Monitoring in US Drinking Water

By Tihitina Andarge, Dalia Ghanem, David A. Keiser, and Gabriel E. Lade

American Economic Review: Insights, September 2025

Many laws and economic actions depend on thresholds. As a consequence, threshold manipulation is a common concern in a variety of settings. Existing methods for detecting and quantifying threshold manipulation assume a continuous counterfactual distributi...

Discrimination in the Formation of Academic Networks: A Field Experiment on #EconTwitter

By Nicolás Ajzenman, Bruno Ferman, and Pedro C. Sant'Anna

American Economic Review: Insights, September 2025

This paper documents discrimination in the formation of professional networks among academic economists. We created 80 bot accounts that claim to be PhD students differing in three characteristics: gender (male or female), race (Black or White), and unive...

A Theory of Fair CEO Pay

By Pierre Chaigneau, Alex Edmans, and Daniel Gottlieb

American Economic Review: Insights, September 2025

This paper studies executive pay with fairness concerns: If the CEO's wage falls below a perceived fair share of output, he suffers disutility that is increasing in the discrepancy. Fairness concerns do not always lead to fair wages; instead, the firm thr...