The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory

By Harold L. Cole and Lee E. Ohanian

American Economic Review, May 2002

A Dual Liquidity Model for Emerging Markets

By Ricardo J. Caballero and Arvind Krishnamurthy

American Economic Review, May 2002

Bank Bailouts and Aggregate Liquidity

By Douglas W. Diamond and Raghuram G. Rajan

American Economic Review, May 2002

Domestic and International Supply of Liquidity

By Bengt Holmstrom and Jean Tirole

American Economic Review, May 2002

Balance-Sheet Contagion

By Nobuhiro Kiyotaki and John Moore

American Economic Review, May 2002

Payment Arrangements and Inflation

By Edward J. Green

American Economic Review, May 2002

Money: What's the Question and Why Should We Care About the Answer?

By Narayana R. Kocherlakota

American Economic Review, May 2002

The Atlantic notes women's prominence at AEA

[News]

December 19, 2017

Past president Claudia Goldin reflects on Janet Yellen's tenure at the Fed and progress to boost women in the profession

A Pragmatic Approach to Capital Account Liberalization

By Eswar S. Prasad and Raghuram G. Rajan

Journal of Economic Perspectives, Summer 2008

In the mid-1990s, mainstream economists of nearly all stripes commonly recommended capital account liberalization -- that is, allowing a free flow of funds in and out of a country's economy -- as an essential step in the process of economic development. B...

The Determinants of Mortality

[Symposium: Disease and Development]

By David Cutler, Angus Deaton, and Adriana Lleras-Muney

Journal of Economic Perspectives, Summer 2006

The pleasures of life are worth nothing if one is not alive to experience them. Through the twentieth century in the United States and other high-income countries, growth in real incomes was accompanied by a historically unprecedented decline in mortality...

Retrospectives: The Introduction of the Cobb-Douglas Regression

By Jeff Biddle

Journal of Economic Perspectives, Spring 2012

At the 1927 meetings of the American Economic Association, Paul Douglas presented a paper entitled "A Theory of Production," which he had coauthored with Charles Cobb. The paper proposed the now familiar Cobb-Douglas function as a mathematical representat...

Approaches to Estimating the Health State Dependence of the Utility Function

By Amy Finkelstein, Erzo F. P. Luttmer, and Matthew J. Notowidigdo

American Economic Review, May 2009

Social Ideology and Taxes in a Differentiated Candidates Framework

By Stefan Krasa and Mattias Polborn

American Economic Review, January 2014

Many observers argue that political polarization, particularly on social and cultural issues, has increased in the United States. How does this influence the political competition on economic issues? We analyze this question using a framework in which ...

The Trade-Offs of Welfare Policies in Labor Markets with Informal Jobs: The Case of the "Seguro Popular" Program in Mexico

By Mariano Bosch and Raymundo M. Campos-Vazquez

American Economic Journal: Economic Policy, November 2014

In 2002, the Mexican government began an effort to improve health access to the 50 million uninsured in Mexico, a program known as Seguro Popular (SP). The SP offered virtually free health insurance to informal workers, altering the incentives to opera...

What Can We Learn from Experiments? Understanding the Threats to the Scalability of Experimental Results

By Omar Al-Ubaydli, John A. List, and Dana L. Suskind

American Economic Review, May 2017

Policymakers often consider interventions at the scale of the population, or some other large scale. One of the sources of information about the potential effects of such interventions is experimental studies conducted at a significantly smaller scale. A ...

The Job Market for New Economists: A Market Design Perspective

By Peter Coles, John Cawley, Phillip B. Levine, Muriel Niederle, Alvin E. Roth, and John J. Siegfried

Journal of Economic Perspectives, Fall 2010

This paper, written by the members of the American Economic Association (AEA) Ad Hoc Committee on the Job Market, provides an overview of the market for new Ph.D. economists. It describes the role of the AEA in the market and focuses in particular on two ...

Limited Attention and Income Distribution

By Abhijit V. Banerjee and Sendhil Mullainathan

American Economic Review, May 2008

Spontaneous Discrimination

By Marcin Pęski and Balázs Szentes

American Economic Review, October 2013

We consider a dynamic economy in which agents are repeatedly matched and decide whether or not to form profitable partnerships. Each agent has a physical color and a social color. An agent's social color acts as a signal, conveying information about th...

Reciprocity in Groups and the Limits to Social Capital

By Francis Bloch, Garance Genicot, and Debraj Ray

American Economic Review, May 2007

On the Welfare Cost of Inflation and the Recent Behavior of Money Demand

By Peter N. Ireland

American Economic Review, June 2009

Post-1980 US data trace out a stable long-run money demand relationship of Cagan's semi-log form between the M1-income ratio and the nominal interest rate, with an interest semielasticity below 2. Integrating under this money demand curve yields estimates...