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Economic Sanctions: Evolution, Consequences, and Challenges

[Symposium: Trade Sanctions and International Relations]

By T. Clifton Morgan, Constantinos Syropoulos, and Yoto V. Yotov

Journal of Economic Perspectives, Winter 2023

Taking an interdisciplinary perspective, we examine the evolution of economic sanctions in the post-World War II era and reflect on the lessons that could be drawn from their features and patterns of use. We observe that, during this time, there has been ...

Financial Sanctions, SWIFT, and the Architecture of the International Payment System

[Symposium: Trade Sanctions and International Relations]

By Marco Cipriani, Linda S. Goldberg, and Gabriele La Spada

Journal of Economic Perspectives, Winter 2023

Financial sanctions, alongside economic sanctions, are components of the toolkit used by governments as part of international diplomacy. The use of sanctions, especially financial, has increased over the last 70 years. Financial sanctions have been part...

Monetary Policy and Inequality

[Symposium: Monetary Policy]

By Alisdair McKay and Christian K. Wolf

Journal of Economic Perspectives, Winter 2023

We ask three questions about the connection between monetary policy and inequality. First, does monetary policy affect inequality? While different households respond to changes in monetary policy for different reasons, we argue that the overall consumpt...

Unraveling the Hispanic Health Paradox

[Symposium: Hispanic Americans]

By José Fernandez, Mónica García-Pérez, and Sandra Orozco-Aleman

Journal of Economic Perspectives, Winter 2023

In 2019, Hispanics in the US had a life expectancy advantage of 3.0 years and 7.1 years over non-Hispanic Whites and non-Hispanic Blacks, respectively, despite having real-household income values 26 percentage points lower than Non-Hispanic White househ...

Hispanic Americans in the Labor Market: Patterns over Time and across Generations

[Symposium: Hispanic Americans]

By Francisca M. Antman, Brian Duncan, and Stephen J. Trejo

Journal of Economic Perspectives, Winter 2023

This article reviews evidence on the labor market performance of Hispanics in the United States, with a particular focus on the US-born segment of this population. After discussing critical issues that arise in the US data sources commonly used to study...

Environmental Preferences and Technological Choices: Is Market Competition Clean or Dirty?

By Philippe Aghion, Roland Bénabou, Ralf Martin, and Alexandra Roulet

American Economic Review: Insights, March 2023

We investigate the effects of consumers' environmental concerns and market competition on firms' decisions to innovate in "clean" technologies. Agents care about their consumption and environmental footprint; firms pursue greener products to soften price ...

Field Experiments

By Glenn W. Harrison and John A. List

Journal of Economic Literature, December 2004

Experimental economists are leaving the reservation. They are recruiting subjects in the field rather than in the classroom, using field goods rather than induced valuations, and using field context rather than abstract terminology in instructions. We arg...