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Showing 16,741-16,760 of 17,991 items.

What Drives the Recent Surge in Inflation? The Historical Decomposition Roller Coaster

By Drago Bergholt, Fabio Canova, Francesco Furlanetto, Nicolò Maffei-Faccioli, and Pål Ulvedal

American Economic Journal: Macroeconomics

What drives the recent inflation surge? To answer this question, one must decompose inflation fluctuations into the contribution of structural shocks. We document how whimsical an historical shock decomposition can be in standard vector autoregressive ...

www.aeaweb.org/articles?id=10.1257/mac.20240209

The Theory of Financial Stability Meets Reality: A Unifying Framework for Bank Regulation and Accounting Discretion

By Nina Boyarchenko, Kinda Hachem, and Anya Kleymenova

Journal of Economic Literature

A large literature at the intersection of economics and finance offers prescriptions for regulating banks to increase financial stability. This literature abstracts from the discretion that accounting standards give banks over financial reporting, creatin...

www.aeaweb.org/articles?id=10.1257/jel.20251757

Long Wars

By Sandeep Baliga and Tomas Sjöström

American Economic Review: Insights

We study whether the Coase conjecture holds for bargaining during war. Two players, A and B, contest a divisible resource until one side collapses or agreement is reached. If player B is militarily strong then he insists on getting a large share. Howev...

www.aeaweb.org/articles?id=10.1257/aeri.20240624

Breaking Bad News

By Moritz Meyer-ter-Vehn and Simon Board

American Economic Review: Insights

We study how information disclosure shapes social learning about a potentially harmful product. Increased transparency helps early agents avoid harm, which may undermine learning by later agents. Despite this conflict of interest, we show that full tra...

www.aeaweb.org/articles?id=10.1257/aeri.20250043

Optimal Taxation of Inflation

By Damien Capelle and Yang Liu

American Economic Journal: Macroeconomics

This paper analyzes the effectiveness of a tax on inflation policy (TIP), which would require firms to pay a tax proportional to the increase in their prices or wages, in stabilizing inflation. We show that TIP would effectively correct externalities i...

www.aeaweb.org/articles?id=10.1257/mac.20240248

Taxes Today, Benefits Tomorrow

By Thomas Le Barbanchon

American Economic Journal: Applied Economics, October 2025

This paper tests whether partially unemployed workers value future preserved benefits when they bunch at the kink of the unemployment insurance benefit-withdrawal schedule. I extend the bunching formula of Saez (2010) to a dynamic setting that accounts fo...

www.aeaweb.org/articles?id=10.1257/app.20210550

Pulled In and Crowded Out: Heterogeneous Outcomes of Merit-Based School Choice

By Antonio Dalla-Zuanna, Kai Liu, and Kjell G. Salvanes

American Economic Journal: Applied Economics, October 2025

We analyze the effects of reforming the high school admission system from a residence based allocation to a merit-based allocation. The merit-based system generates oversubscribed schools, which favor high-GPA students at the expense of displacing low-GPA...

www.aeaweb.org/articles?id=10.1257/app.20220104

Labor Market Inequality and the Changing Life Cycle Profile of Male and Female Wages

By Richard Blundell, Hugo Lopez, and James P. Ziliak

American Economic Journal: Applied Economics, October 2025

We estimate the full distribution of life cycle wages for cohorts of men and women in the United States using a quantile selection model to account for systematic differences in employment by gender and education group. Although common within-group time e...

www.aeaweb.org/articles?id=10.1257/app.20220454