Protecting vulnerable kids

[Research Highlight]

August 18, 2022

Joseph Doyle discusses the history and economics of foster care in the United States.

Trading places

[Research Highlight]

September 06, 2022

How much does trade impact urbanization?

School bullying, cyberbullying, and remote learning

[Research Highlight]

September 14, 2022

Andrew Bacher-Hicks and Joshua Goodman discuss the effects of the pandemic on bullying.

Local elections in China

[Research Highlight]

September 30, 2022

Why do autocracies sometimes use democratic institutions?

Fundraising Appeals and the Lift/Shift Question

[Research Highlight]

October 19, 2022

Sarah Smith discusses the impact of major fundraising interventions on overall charitable donations.

Inflation expectations and economic outcomes

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How did inflation and inflation expectations change during the COVID-19 pandemic?

Housing debt and mobility

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Do underwater mortgages stop people from moving?

The equity of taxing tobacco

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How regressive are cigarette taxes?

Testing the pollution-haven hypothesis

[Page]

Do tighter environmental regulations in developed countries shift polluting activities to developing countries?

The economic origins of self-governance

[Research Highlight]

November 01, 2022

How did commerce in England influence parliamentary representation?

Front Matter

Journal of Economic Perspectives, Fall 2022

Debt Revenue and the Sustainability of Public Debt

[Symposium: The Size of Government Debt]

By Ricardo Reis

Journal of Economic Perspectives, Fall 2022

While public debt has risen in the last two decades, the return that it offers to investors has fallen, especially relative to the return on private investment. This creates a revenue for the government as the supplier of the special services offered by p...

Fiscal Histories

[Symposium: The Size of Government Debt]

By John H. Cochrane

Journal of Economic Perspectives, Fall 2022

The fiscal theory states that inflation adjusts so that the real value of government debt equals the present value of real primary surpluses. Monetary policy remains important. The central bank can set an interest rate target, which determines the path of...

Emerging Market Sovereign Debt in the Aftermath of the Pandemic

[Symposium: The Size of Government Debt]

By Kenneth Rogoff

Journal of Economic Perspectives, Fall 2022

For emerging markets, fiscal space is a very real constraint that can surface under a variety of circumstances, including rising world interest rates, falling commodity prices, or a global recession. Some emerging markets, and the majority of low-income d...

Popular Personal Financial Advice versus the Professors

By James J. Choi

Journal of Economic Perspectives, Fall 2022

I survey the advice given by the fifty most popular personal finance books and compare it to the prescriptions of normative academic economic models. Popular advice frequently departs from normative principles derived from economic theory, which should mo...

A Linear Panel Model with Heterogeneous Coefficients and Variation in Exposure

By Liyang Sun and Jesse M. Shapiro

Journal of Economic Perspectives, Fall 2022

Linear panel models featuring unit and time fixed effects appear in many areas of empirical economics. An active literature studies the interpretation of the ordinary least squares estimator of the model, commonly called the two-way fixed effects (TWFE) e...

Sadie T. M. Alexander: Black Women and a "Taste of Freedom in the Economic World"

By Nina Banks

Journal of Economic Perspectives, Fall 2022

The employment history of African American women is notable because of their higher labor force participation rates compared to other women in the US. This essay discusses Sadie T. M. Alexander's analysis of Black women and work based on her 1930s speec...