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The Macroeconomic Effects of Monetary Policy: A New Measure for the United Kingdom

By James Cloyne and Patrick Hürtgen

American Economic Journal: Macroeconomics, October 2016

This paper estimates the effects of monetary policy based on a new, extensive real-time dataset for the United Kingdom. Employing the Romer-Romer identification approach we construct a new measure of monetary policy innovations and find that a 1 percentag...

www.aeaweb.org/articles?id=10.1257/mac.20150093

Patents and Innovation: Evidence from Economic History

[Symposium: Patents]

By Petra Moser

Journal of Economic Perspectives, Winter 2013

What is the optimal system of intellectual property rights to encourage innovation? Empirical evidence from economic history can help to inform important policy questions that have been difficult to answer with modern data: For example, does the existence...

www.aeaweb.org/articles?id=10.1257/jep.27.1.23

A Comment on Bernheim's Appraisal of Neuroeconomics

By Faruk Gul and Wolfgang Pesendorfer

American Economic Journal: Microeconomics, August 2009

This paper comments on "On the Potential of Neuroeconomics: A Critical (but Hopeful) Appraisal" by B. Douglas Beinheim (JEL D01, D87)

www.aeaweb.org/articles?id=10.1257/mic.1.2.42

The Effects of Environmental Regulation on Technology Diffusion: The Case of Chlorine Manufacturing

By Lori D. Snyder, Nolan H. Miller, and Robert N. Stavins

American Economic Review, May 2003

www.aeaweb.org/articles?id=10.1257/000282803321947470

Estimating Regulation-Induced Substitution: The Effect of the Clean Air Act on Water and Ground Pollution

By Michael Greenstone

American Economic Review, May 2003

www.aeaweb.org/articles?id=10.1257/000282803321947498

The Instructional Use and Teaching Preparation of Graduate Students in U.S. Ph.D.-Granting Economics Departments

By William B. Walstad and William E. Becker

American Economic Review, May 2003

www.aeaweb.org/articles?id=10.1257/000282803321947506

A Model Teacher-Education Program for Economics

By Michael K. Salemi

American Economic Review, May 2003

www.aeaweb.org/articles?id=10.1257/000282803321947515

Animal Spirits Through Creative Destruction

By Patrick Francois and Huw Lloyd-Ellis

American Economic Review, June 2003

We show how a Schumpeterian process of creative destruction can induce rational, herd behavior by entrepreneurs across diverse sectors as if fueled by "animal spirits." Consequently, a multisector economy, in which productivity improvements are made by in...

www.aeaweb.org/articles?id=10.1257/000282803322156972

Wages and Employment in the United States and Germany: What Explains the Differences?

By Paul Beaudry and David A. Green

American Economic Review, June 2003

Over the last 20 years the wage-education relationships in the United States and Germany have evolved very differently, while the education compositions of employment have evolved in a parallel fashion. In this paper, we show how these patterns shed light...

www.aeaweb.org/articles?id=10.1257/000282803322156990

Dynamic Speculative Attacks

By Christophe Chamley

American Economic Review, June 2003

This paper presents a model of rational Bayesian agents with speculative attacks in a regime of exchange rate which is pegged within a band. Speculators learn from the observation of the exchange rate within the band whether their mass is sufficiently lar...

www.aeaweb.org/articles?id=10.1257/000282803322157007

Forward and Backward Intergenerational Goods: Why Is Social Security Good for the Environment?

By Antonio Rangel

American Economic Review, June 2003

This paper studies the ability of nonmarket institutions to invest optimally in forward intergenerational goods (FIGs), such as education and the environment, when agents are selfish or exhibit paternalistic altruism. We show that backward intergeneration...

www.aeaweb.org/articles?id=10.1257/000282803322157106