Does the Current Account Still Matter?

By Maurice Obstfeld

American Economic Review, May 2012

Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks: Comment

By Frank Heinemann

American Economic Review, March 2000

Bridging the Trade-Environment Divide

[Symposium: Trade, Labor and the Environment]

By Daniel C. Esty

Journal of Economic Perspectives, Summer 2001

Perceived conflict between trade liberalization and environmental protection can be traced to a number of issues. Some tensions relate to the environmental Kuznets curve and whether economic growth yields environmental benefits. Other concerns arise from ...

The High Cost of Incompletely Funding the FSLIC Shortage of Explicit Capital

[Symposium: Federal Deposit Insurance]

By Edward J. Kane

Journal of Economic Perspectives, Fall 1989

A useful parallel can be drawn between the Alaskan oil spill of 1989 and the flood of red ink spilled in recent years by U.S. thrift institutions (savings and loan associations and savings banks). In each case, initial damage from the spill was severely c...

Distinguished Fellow: Arthur S. Goldberger and Latent Variables in Econometrics

By Gary Chamberlain

Journal of Economic Perspectives, Fall 1990

In 1988, Arthur Goldberger was honored as a Distinguished Fellow of the American Economic Association. The citation notes that "his early applications and analysis of empirical models brought understanding to a whole generation of econometricians." Goldbe...

American Economic Association Universal Academic Questionnaire Summary Statistics

By Charles E. Scott and John J. Siegfried

American Economic Review, May 2013

On Not Revisiting Official Discount Rates: Institutional Inertia and the Social Cost of Carbon

By Cass R. Sunstein

American Economic Review, May 2014

Within the federal government, official decisions are a product of both substantive judgments and institutional constraints. With respect to discounting, current practice is governed by OMB Circular A-4 and the 2010 and 2013 technical support documents of...

Quality Change in Price Indexes

[Symposium: Measuring the CPI]

By William D. Nordhaus

Journal of Economic Perspectives, Winter 1998

Price indexes provide the fundamental building blocks for measuring the general price level along with real incomes and real output. But the most important single price index for the United States, the CPI, has been criticized as significantly underestima...

The Deadweight Loss of Christmas: Comment

By Bradley J. Ruffle and Orit Tykocinski

American Economic Review, March 2000

Emergence of Money as a Medium of Exchange: An Experimental Study

By John Duffy and Jack Ochs

American Economic Review, September 1999

This paper reports findings from an experiment that implements a search-theoretic model of money as a medium of exchange. The question examined is whether subjects learn to adopt the same commodities as media of exchange that the model predicts will be us...

The Missing Motivation in Macroeconomics

By George A. Akerlof

American Economic Review, March 2007

Ordering the Extraction of Polluting Nonrenewable Resources

By Ujjayant Chakravorty, Michel Moreaux, and Mabel Tidball

American Economic Review, June 2008

A well-known theorem by Herfindahl states that the low-cost nonrenewable resource must be exploited first. Consider resources that are differentiated only by their pollution content. For instance, both coal and natural gas are used to generate electricity...

Changing Labor-Market Opportunities for Women and the Quality of Teachers, 1957-2000

By Sean P. Corcoran, William N. Evans, and Robert M. Schwab

American Economic Review, May 2004

Reconciling Conflicting Evidence on the Performance of Propensity-Score Matching Methods

By Jeffrey A. Smith and Petra E. Todd

American Economic Review, May 2001

Bankruptcy Reform and Credit Cards

By Michelle J. White

Journal of Economic Perspectives, Fall 2007

From 1980 to 2004, the number of personal bankruptcy filings in the United States increased more than five-fold, from 288,000 to 1.5 million per year. By 2004, more Americans were filing for bankruptcy each year than were graduating from college, getting ...

Emmanuel Saez: 2009 John Bates Clark Medalist

By B. Douglas Bernheim

Journal of Economic Perspectives, Summer 2010

Emmanuel Saez, winner of the 2009 John Bates Clark Medal, has distinguished himself by making fundamental contributions concerning critical theoretical and empirical issues within the field of public economics. He is one of those exceptional scholars whos...

Vickrey Auctions in Practice: From Nineteenth-Century Philately to Twenty-First-Century E-Commerce

By David Lucking-Reiley

Journal of Economic Perspectives, Summer 2000

William Vickrey (1961) proposed an auction mechanism in which bidders submit sealed bids, and the highest bidder wins the good in return for payment of the second-highest bid amount. For decades, economists have credited Vickrey with inventing this auctio...

When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data

By Lee G. Branstetter and Mariko Sakakibara

American Economic Review, March 2002

We examine the impact of a large number of Japanese government-sponsored research consortia on the research productivity of participating firms by measuring their patenting in the targeted technologies before, during, and after participation. Consistent w...

A Contribution to the Empirics of Reservation Wages

By Alan B. Krueger and Andreas I. Mueller

American Economic Journal: Economic Policy, February 2016

This paper provides evidence on the behavior of reservation wages over the spell of unemployment, using high-frequency longitudinal data on unemployed workers in New Jersey. In comparison to a calibrated job search model, the reservation wage starts out t...

Longer-Term Impacts of Mentoring, Educational Services, and Learning Incentives: Evidence from a Randomized Trial in the United States

By Núria Rodríguez-Planas

American Economic Journal: Applied Economics, October 2012

This paper reports on a randomized evaluation of a program designed to improve high school graduation and postsecondary education enrollment among low-performing high school students. Treated youths were offered mentoring, educational services, and financ...