Transparency, Reproducibility, and the Credibility of Economics Research

By Garret Christensen and Edward Miguel

Journal of Economic Literature, September 2018

There is growing interest in enhancing research transparency and reproducibility in economics and other scientific fields. We survey existing work on these topics within economics, and discuss the evidence suggesting that publication bias, inability to re...

Friedman's Presidential Address in the Evolution of Macroeconomic Thought

[Symposium: Friedman's Natural Rate Hypothesis after 50 Years]

By N. Gregory Mankiw and Ricardo Reis

Journal of Economic Perspectives, Winter 2018

Milton Friedman's presidential address, "The Role of Monetary Policy," which was delivered 50 years ago in December 1967 and published in the March 1968 issue of the American Economic Review, is unusual in the outsized role it has played. What ex...

The Impact of the 2018 Tariffs on Prices and Welfare

By Mary Amiti, Stephen J. Redding, and David E. Weinstein

Journal of Economic Perspectives, Fall 2019

We examine conventional approaches to evaluating the economic impact of protectionist trade policies. We illustrate these conventional approaches by applying them to the tariffs introduced by the Trump administration during 2018. In the wake of this i...

Why Is Pollution from US Manufacturing Declining? The Roles of Environmental Regulation, Productivity, and Trade

By Joseph S. Shapiro and Reed Walker

American Economic Review, December 2018

Between 1990 and 2008, air pollution emissions from U.S. manufacturing fell by 60 percent despite a substantial increase in manufacturing output. We show that these emissions reductions are primarily driven by within-product changes in emissions intensity...

Externalities and Taxation of Supplemental Insurance: A Study of Medicare and Medigap

By Marika Cabral and Neale Mahoney

American Economic Journal: Applied Economics, April 2019

Most health insurance uses cost-sharing to reduce excess utilization. Supplemental insurance can blunt the impact of this cost-sharing, increasing utilization and exerting a negative externality on the primary insurer. This paper estimates the effect of p...

The Optimal Timing of Unemployment Benefits: Theory and Evidence from Sweden

By Jonas Kolsrud, Camille Landais, Peter Nilsson, and Johannes Spinnewijn

American Economic Review, April 2018

This paper provides a simple, yet robust framework to evaluate the time profile of benefits paid during an unemployment spell. We derive sufficient-statistics formulae capturing the marginal insurance value and incentive costs of unemployment benefits p...

Towards the Greater Good? EU Commissioners' Nationality and Budget Allocation in the European Union

By Kai Gehring and Stephan A. Schneider

American Economic Journal: Economic Policy, February 2018

We demonstrate that the nationalities of EU Commissioners influence budget allocation decisions in favor of their country of origin. Our focus is on the Commissioners for Agriculture, who are exclusively responsible for a specific fund that accounts for t...

CSMGEP Profile: Rhonda Sharpe

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University Innovation and the Professor's Privilege

By Hans K. Hvide and Benjamin F. Jones

American Economic Review, July 2018

National policies take varied approaches to encouraging university-based innovation. This paper studies a natural experiment: the end of the "professor's privilege" in Norway, where university researchers previously enjoyed full rights to their innovation...

Life after Lead: Effects of Early Interventions for Children Exposed to Lead

By Stephen B. Billings and Kevin T. Schnepel

American Economic Journal: Applied Economics, July 2018

Lead pollution is consistently linked to cognitive and behavioral impairments, yet little is known about the benefits of public health interventions for children exposed to lead. This paper estimates the long-term impacts of early-life interventions (e.g....

The Labor Market Integration of Refugee Migrants in High-Income Countries

[Symposium: Assimilation of Refugees]

By Courtney Brell, Christian Dustmann, and Ian Preston

Journal of Economic Perspectives, Winter 2020

We provide an overview of the integration of refugees into the labor markets of a number of high-income countries. Discussing the ways in which refugees and economic migrants are differently selected and so might be expected to perform differently in a ...

Childhood Circumstances and Adult Outcomes: Act II

By Douglas Almond, Janet Currie, and Valentina Duque

Journal of Economic Literature, December 2018

That prenatal events can have life-long consequences is now well established. Nevertheless, research on the fetal origins hypothesis is flourishing and has expanded to include the early childhood (postnatal) environment. Why does this literature have a ...

Emi Nakamura: 2019 John Bates Clark Medalist

By Janice Eberly and Michael Woodford

Journal of Economic Perspectives, Winter 2020

Emi Nakamura is the 2019 recipient of the John Bates Clark Medal from the American Economic Association. Emi is an empirical macroeconomist whose work has studied the nature of price-setting and the effects of monetary and fiscal policies, among other iss...

JEL Classification System

Journal of Economic Literature, September 2018

What Do Trade Agreements Really Do?

[Symposium: Does the US Really Gain From Trade?]

By Dani Rodrik

Journal of Economic Perspectives, Spring 2018

Economists have a tendency to associate "free trade agreements" all too closely with "free trade." They may be unaware of some of the new (and often problematic) beyond-the-border features of current trade agreements. As trade agreements have evolved ...

Front Matter

American Economic Journal: Microeconomics, February 2018

Why Does the Indian State Both Fail and Succeed?

[Symposium: Economics of India]

By Devesh Kapur

Journal of Economic Perspectives, Winter 2020

The Indian state's performance spans the spectrum from woefully inadequate, especially in core public goods provision, to surprisingly impressive in successfully managing complex tasks and on a massive scale. It has delivered better on macroeconomic rat...

Report of Independent Auditor

American Economic Review, June 2019

Early School Exposure, Test Scores, and Noncognitive Outcomes

By Thomas Cornelissen and Christian Dustmann

American Economic Journal: Economic Policy, May 2019

We estimate the effects of receiving additional schooling before age five on cognitive and noncognitive outcomes, exploiting unique school entry rules in England that cause variation in the age at school entry and the effective length of the first school ...

The Great Indian Demonetization

[Symposium: Economics of India]

By Amartya Lahiri

Journal of Economic Perspectives, Winter 2020

On November 8, 2016, India demonetized 86 percent of its currency in circulation. The stated objectives of the move were to seize undeclared income, to destroy counterfeit currency, to speed up formalization of the economy, and to increase the tax base. I...