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Text as Data in Economic Analysis

By Tarek A. Hassan, Stephan Hollander, Aakash Kalyani, Laurence van Lent, Markus Schwedeler, and Ahmed Tahoun

Journal of Economic Perspectives, Summer 2025

This article discusses how to apply computational linguistics techniques to analyze largely unstructured corporate-generated text for economic analysis. As a core example, we illustrate how textual analysis of earnings conference call transcripts can prov...

The Folk Economics of Housing

[Symposium: Housing Markets]

By Christopher S. Elmendorf, Clayton Nall, and Stan Oklobdzija

Journal of Economic Perspectives, Summer 2025

Why is housing supply so severely restricted in US cities and suburbs? Urban economists offer two primary hypotheses: homeowner self-interest and political fragmentation. Homeowners, who outnumber and have organizational advantages over renters, are said ...

International Dimensions of Housing Markets

[Symposium: Housing Markets]

By Cristian Badarinza and Tarun Ramadorai

Journal of Economic Perspectives, Summer 2025

We make the case that an international perspective on housing markets can help us understand why house prices and transactions volumes sometimes vary in ways that cannot easily be attributed to local economic factors. We first document cross-country and c...

Building Costs and House Prices

[Symposium: Housing Markets]

By Brian Potter and Chad Syverson

Journal of Economic Perspectives, Summer 2025

We take a long, broad, and theoretically agnostic view toward the connection between building costs and house prices in the US housing market. We find that building costs have never had all that much explanatory power over US housing prices, but even the ...

Basel Endgame: Bank Capital Requirements and the Future of International Standard Setting

By Stephen Cecchetti, Jeremy Kress, and Kermit Schoenholtz

Journal of Economic Perspectives, Summer 2025

In 2023, US regulators proposed the "Basel Endgame," a long-awaited overhaul of bank capital requirements. The proposal aimed to bring the United States into compliance with international standards established by the Basel Committee on Banking Supervision...

Interview with Anne O. Krueger

By Dylan Matthews

Journal of Economic Perspectives, Summer 2025

Matthews interviews eminent international economist Anne O. Krueger, tracing her life in academia and her service at multilateral economic institutions, and explaining her myriad intellectual contributions to the field. Krueger recounts her early skeptici...

Wealth, Marriage, and Sex Selection

By Girija Borker, Jan Eeckhout, Nancy Luke, Shantidani Minz, Kaivan Munshi, and Soumya Swaminathan

American Economic Journal: Applied Economics

Two mechanisms have been proposed to explain sex selection in India: son preference in which parents desire a male heir and daughter aversion in which dowry payments make parents worse off with girls. Our model incorporates both mechanisms, providing m...