Editorial Policy

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Editorial Policy

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Call for Proposals: The Hong Kong Institute for Monetary and Financial Research - Monetary Research Programmes

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May 06, 2021

The deadline for submission is June 30, 2026.

CSWEP at the Annual Meeting

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Information on the CSWEP Annual Meeting

Procyclical Fiscal Policy and Asset Market Incompleteness

By Andrés Fernández, Daniel Guzman, Ruy Lama, and Carlos Végh

American Economic Journal: Macroeconomics

We study why government spending and tax policy are procyclical in emerging and developing economies. We develop a model of optimal fiscal policy over the business cycle with financial frictions, captured by asset market incompleteness and debt-elastic in...

Submission Portal for CSWEP-Sponsored Sessions at the 2027 AEA Annual Meeting

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Optimal Public Transportation Networks: Evidence from the World’s Largest Bus Rapid Transit System in Jakarta

By Gabriel Kreindler, Arya Gaduh, Tilman Graff, Rema Hanna, and Benjamin A. Olken

American Economic Review

Designing public transport networks involves trade-offs between coverage, service frequency, and direct service. We use the expansion of the bus system in Jakarta, Indonesia, to study these trade-offs. We analyze how new direct connections, changes in ...

Talent Hoarding in Organizations

By Ingrid Haegele

American Economic Review

Most organizations rely on managers to identify talented workers. However, managers who are evaluated on team performance have an incentive to hoard workers. This study provides the first empirical evidence of talent hoarding using personnel records and ...

Willingness to Pay for Workplace Amenities

By Massimo Anelli and Felix Koenig

American Economic Journal: Applied Economics

We develop a revealed preference approach to measure the value of workplace amenities by analyzing how variation in non-wage job attributes affects excess mass in the earnings distribution at budget discontinuities. The approach formalizes the idea tha...

There Goes the Neighborhood? The Local Impacts of State Policies that Override Municipal Zoning

By Hector Blanco and Noémie Sportiche

American Economic Journal: Applied Economics

Zoning regulations drive rising regional housing costs and residential segregation in the United States. In response, governments are passing laws to override local regulations that limit housing density, despite entrenched opposition from incumbent re...

The Long Shadow of School Closures: Impacts on Students’ Educational and Labor Market Outcomes

By Jeonghyeok Kim

American Economic Journal: Economic Policy

Each year, about a thousand public schools in the US close, displacing hundreds of thousands of students. I examine the impact of public school closures on displaced students using linked schooling and labor market data from Texas. Using within-school a...

Firm Heterogeneity, Market Power and Macroeconomic Fragility

By Alessandro Ferrari and Francisco Queirós

American Economic Journal: Macroeconomics

We study how firm heterogeneity and market power affect macroeconomic fragility, defined as the probability of long slumps. We propose a theory where the positive interaction between firm entry, competition, and factor supply can give rise to multiple ste...

Warming with Borders: Forced Climate Migration and Carbon Pricing

By Maria Alsina-Pujols

American Economic Journal: Macroeconomics

As climate changes and natural disasters intensify, the threat of human displacement increases. This paper studies carbon taxation in the presence of international climate displacement. After providing evidence on the migration response to disasters, ...

‘Identify the Expert’: an Experimental Study in Economic Advice

By Theodore Alysandratos, Aris Boukouras, Sotiris Georganas, and Zacharias Maniadis

American Economic Journal: Microeconomics

In a novel ‘identify the Expert’ task, participants receive suggested answers by two advisors. They know one is high-accuracy and recommends answers reflecting the academic consensus (‘Expert’). The other is low-accuracy and recommends the moda...

Humans in the Loop: The Next Frontier in the Credibility Revolution

By Megan T. Stevenson and Joshua B. Fischman

Journal of Economic Literature

Something is amiss in empirical economics. Despite the advances of the credibility revolution, published estimates tend to be inflated and overconfident. We argue that this stems from a weakness in the dominant econometric framework: treating the research...

The effect of parental death on individual earnings

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The sudden death of a parent has a significant impact on labor earnings, but affects men and women differently.

A Theory of Price Caps on Non-Renewable Resources

By Simon Johnson, Lukasz Rachel, and Catherine Wolfram

American Economic Review

What is the optimal response of a resource exporter when a price cap is imposed on its main export? This paper develops a dynamic framework incorporating stochastic prices, financial frictions, and market power to study this novel tool of statecraft. W...

CSMGEP: Mentoring Program

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Article SGML Generator

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AEA Committees

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Learn about the Committees of the American Economic Association.