Output and Welfare Effects of Inflation with Costly Price and Quantity Adjustments

By Leif Danziger

American Economic Review, December 2001

Inflation Is Always and Everywhere a Monetary Phenomenon: Richmond vs. Houston in 1864

By Richard C. K. Burdekin and Marc D. Weidenmier

American Economic Review, December 2001

Front Matter

American Economic Review, December 2001

Front Matter

Journal of Economic Perspectives, Summer 2010

Understanding the Mechanisms of Economic Development

[Symposium: The Agenda for Development Economics]

By Angus Deaton

Journal of Economic Perspectives, Summer 2010

In this paper, I advocate the investigation, testing, and modification of mechanisms as a progressive empirical research strategy for the field of economic development (and other areas of applied economics). I discuss three lines of work that have elucida...

Theory, General Equilibrium, and Political Economy in Development Economics

[Symposium: The Agenda for Development Economics]

By Daron Acemoglu

Journal of Economic Perspectives, Summer 2010

I discuss the role of economic theory in empirical work in development economics with special emphasis on general equilibrium and political economy considerations. I argue that economic theory plays (should play) a central role in formulating models, esti...

Diagnostics before Prescription

[Symposium: The Agenda for Development Economics]

By Dani Rodrik

Journal of Economic Perspectives, Summer 2010

Development economists should stop acting as categorical advocates (or detractors) for specific approaches to development. They should instead be diagnosticians, helping decisionmakers choose the right model (and remedy) for their specific realities, amon...

Uneven Growth: A Framework for Research in Development Economics

[Symposium: The Agenda for Development Economics]

By Debraj Ray

Journal of Economic Perspectives, Summer 2010

The textbook paradigm of economywide development rests on the premise of "balanced growth": that is, on the presumption that all sectors will grow in unison over time as a country gets richer. Of course, we would all agree that balanced growth is an abstr...

Giving Credit Where It Is Due

[Symposium: The Agenda for Development Economics]

By Abhijit V. Banerjee and Esther Duflo

Journal of Economic Perspectives, Summer 2010

In the last few years, field experiments have emerged as an attractive new tool in the effort to elaborate our understanding of economic issues relevant to poor countries and poor people. By enabling the researcher to precisely control the variation in th...

Microeconomic Approaches to Development: Schooling, Learning, and Growth

[Symposium: The Agenda for Development Economics]

By Mark R. Rosenzweig

Journal of Economic Perspectives, Summer 2010

Within the field of economic development over the past 15 years or so, particularly significant advances have been made in what can be loosely called micro-development, an area defined principally by the units that are examined, not by a particular method...

Searching for Effective Teachers with Imperfect Information

[Symposium: No Child Left Behind]

By Douglas O. Staiger and Jonah E. Rockoff

Journal of Economic Perspectives, Summer 2010

Over the past four decades, empirical researchers -- many of them economists -- have accumulated an impressive amount of evidence on teachers. In this paper, we ask what the existing evidence implies for how school leaders might recruit, evaluate, and ret...

Aiming for Efficiency Rather Than Proficiency

[Symposium: No Child Left Behind]

By Derek Neal

Journal of Economic Perspectives, Summer 2010

The No Child Left Behind law is flawed for many reasons, but the most important is that it is built around proficiency targets. Proficiency rates are not useful metrics of school performance because universal proficiency is not a socially efficient goal f...

The Quality and Distribution of Teachers under the No Child Left Behind Act

[Symposium: No Child Left Behind]

By Eric A. Hanushek and Steven G. Rivkin

Journal of Economic Perspectives, Summer 2010

The main effects of No Child Left Behind on the quality of teaching are likely to come through two provisions of the act. First, NCLB establishes benchmarks based on test score pass rates that schools must meet in order to remain in good standing and avoi...

Teachers' Views on No Child Left Behind: Support for the Principles, Concerns about the Practices

[Symposium: No Child Left Behind]

By Richard J. Murnane and John P. Papay

Journal of Economic Perspectives, Summer 2010

In this article, we describe teachers' views of the behavioral responses the No Child Left Behind legislation has elicited and the extent to which research reveals evidence of these responses and their effects on the distribution of student achievement. W...

Measurement Matters: Perspectives on Education Policy from an Economist and School Board Member

[Symposium: No Child Left Behind]

By Kevin Lang

Journal of Economic Perspectives, Summer 2010

One of the potential strengths of the No Child Left Behind (NCLB) Act enacted in 2002 is that the law requires the production of an enormous amount of data, particularly from tests, which, if used properly, might help us improve education. As an economist...

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...

Mobile Phones and Economic Development in Africa

By Jenny C. Aker and Isaac M. Mbiti

Journal of Economic Perspectives, Summer 2010

Access to and use of mobile telephony in sub-Saharan Africa has increased dramatically over the past decade. Mobile telephony has brought new possibilities to the continent. Across urban-rural and rich-poor divides, mobile phones connect individuals to in...

Markets: State Franchise Laws, Dealer Terminations, and the Auto Crisis

By Francine Lafontaine and Fiona Scott Morton

Journal of Economic Perspectives, Summer 2010

In fall 2008, General Motors and Chrysler were both on the brink of bankruptcy, and Ford was not far behind. As the government stepped in and restructuring began, GM and Chrysler announced their plan to terminate about 2,200 dealerships. In this paper, we...

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Summer 2010

Notes

Journal of Economic Perspectives, Summer 2010