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Monetary Cooperation during Global Inflation Surges

By Luca Fornaro and Federica Romei

American Economic Review, January 2026

We study optimal monetary policy during times of global scarcity of tradable goods. The optimal monetary response entails a surge in inflation, which helps rebalance production toward the tradable sector. While the inflation costs are fully borne domestic...

www.aeaweb.org/articles?id=10.1257/aer.20231018

Monotonicity among Judges: Evidence from Judicial Panels and Consequences for Judge IV Designs

By Henrik Sigstad

American Economic Review, January 2026

Judge IV designs rely on monotonicity—each judge being weakly stricter than more lenient judges in all cases. I measure monotonicity in judicial panels in five different settings and find that it is violated in up to 50 percent of nonunanimous cases. Th...

www.aeaweb.org/articles?id=10.1257/aer.20231104

Sequential Learning under Informational Ambiguity

By Jaden Yang Chen

American Economic Review, January 2026

This paper investigates a sequential social learning problem in which individuals face ambiguity about others' signal structures and have max-min expected utility preferences, thereby exhibiting ambiguity aversion. Unlike previous findings, which suggest ...

www.aeaweb.org/articles?id=10.1257/aer.20231394

Gender-Biased Technological Change: Milking Machines and the Exodus of Women from Farming

By Philipp Ager, Marc Goñi, and Kjell G. Salvanes

American Economic Review, January 2026

This paper studies how gender-biased technological change in agriculture affected women's work in twentieth-century Norway. In the 1950s, dairy farms began widely adopting milking machines to replace milking cows by hand, a task typically performed by you...

www.aeaweb.org/articles?id=10.1257/aer.20240167

Racial Disparities in Housing Returns

By Amir Kermani and Francis Wong

American Economic Review, January 2026

We show that higher rates of distressed home sales (i.e., foreclosures and short sales) among Black and Hispanic homeowners severely reduce realized housing returns for these groups—in particular, to a level below that realized by White homeowners. Yet ...

www.aeaweb.org/articles?id=10.1257/aer.20240327

Tying with Network Effects

By Jay Pil Choi, Doh-Shin Jeon, and Michael D. Whinston

American Economic Review, January 2026

We develop a leverage theory of tying in markets with network effects. When a monopolist in one market cannot perfectly extract surplus from consumers, tying can be a mechanism through which unexploited consumer surplus is used as a demand-side leverage t...

www.aeaweb.org/articles?id=10.1257/aer.20240461

Past Journal Editors

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www.aeaweb.org/about-aea/leadership/officers/past-officers/editors

JOE Openings by Week - Pre-ASSA

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www.aeaweb.org/about-aea/committees/job-market/graphs-openings

The Value of School Social Climate Information: Evidence from Chicago Housing Transactions

By Rene A. Crespin

American Economic Journal: Economic Policy

I study how publicly released school social climate information is capitalized into housing markets and affects household sorting. Using the initial release of school climate ratings in Chicago as a plausibly exogenous information shock, I combine a borde...

www.aeaweb.org/articles?id=10.1257/pol.20230136