Discovering Diversity in Introductory Economics

By Robin L. Bartlett

Journal of Economic Perspectives, Spring 1996

Instructors can begin the process of integrating race and gender issues into introductory economics by reexamining their courses with a new lens of diversity. The content of introductory economics can be expanded by 'adding and stirring' race and gender d...

Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence

By Alan S. Blinder, Michael Ehrmann, Marcel Fratzscher, Jakob De Haan, and David-Jan Jansen

Journal of Economic Literature, December 2008

Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real-world developments have spawned a huge new scholarly literature on central bank communication—mostly empirical, and almost all of ...

The Window Tax: A Case Study in Excess Burden

By Wallace E. Oates and Robert M. Schwab

Journal of Economic Perspectives, Winter 2015

The window tax provides a dramatic and transparent historical example of the potential distorting effects of taxation. Imposed in England in 1696, the tax—a kind of predecessor of the modern property tax—was levied on dwellings with the tax ...

Commercial Policy in a "Fragmented" World

By Eric W. Bond

American Economic Review, May 2001

Do Television and Radio Destroy Social Capital? Evidence from Indonesian Villages

By Benjamin A. Olken

American Economic Journal: Applied Economics, October 2009

This paper investigates the impact of television and radio on social capital in Indonesia. I use two sources of variation in signal reception -- one based on Indonesia's mountainous terrain, and a second based on the differential introduction of priva...

The Marginal Product of Capital, Capital Flows, and Convergence

By Sirsha Chatterjee and Kanda Naknoi

American Economic Review, May 2010

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...

Exchange Rate Regimes: Is the Bipolar View Correct?

By Stanley Fischer

Journal of Economic Perspectives, Spring 2001

The bipolar or two-corner solution view of exchange rates is that intermediate policy regimes between hard pegs and floating are not sustainable. This paper argues that the proponents of the bipolar view have probably exaggerated their point. The right st...

Offshoring and Wage Inequality: Using Occupational Licensing as a Shifter of Offshoring Costs

By Chiara Criscuolo and Luis Garicano

American Economic Review, May 2010

Report of the Editor: Journal of Economic Literature

By Roger Gordon

American Economic Review, May 2009

Competition and Ideological Diversity: Historical Evidence from US Newspapers

By Matthew Gentzkow, Jesse M. Shapiro, and Michael Sinkinson

American Economic Review, October 2014

We study the competitive forces which shaped ideological diversity in the US press in the early twentieth century. We find that households preferred like-minded news and that newspapers used their political orientation to differentiate from competitors...

Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-Offs

By S. Borağan Aruoba and Frank Schorfheide

American Economic Journal: Macroeconomics, January 2011

We develop a two-sector monetary model with a centralized and decentralized market. Activities in the centralized market resemble those in a standard New Keynesian economy with price rigidities. In the decentralized market agents engage in bilateral excha...

The Impact of Economic Development on Democracy

[Symposium: Democracy and Development]

By Evelyne Huber, Dietrich Rueschemeyer, and John D. Stephens

Journal of Economic Perspectives, Summer 1993

Any account of the social and economic conditions of democracy must come to terms with the central finding of the cross-national statistical research: a sturdy (though not perfect) association between economic development and democracy. To tackle these qu...

The Time-Varying Volatility of Macroeconomic Fluctuations

By Alejandro Justiniano and Giorgio E. Primiceri

American Economic Review, June 2008

We investigate the sources of the important shifts in the volatility of US macroeconomic variables in the postwar period. To this end, we propose the estimation of DSGE models allowing for time variation in the volatility of the structural innovations....

Endogenous Entry to Security-Bid Auctions

By Takeharu Sogo, Dan Bernhardt, and Tingjun Liu

American Economic Review, November 2016

We endogenize entry to a security-bid auction, where participation is costly and bidders must decide given their private valuations whether to participate. We first consider any minimum reserve security-bid of a fixed expected value that weakly exceeds th...

The Environmental Consequences of Global Reuse

By Thomas Kinnaman and Hide-Fumi Yokoo

American Economic Review, May 2011

This paper summarizes a two-country model that solves for optimal tax rates to achieve efficiency in an economy with international trade in used consumer electronics. If only the developed nation can tax the disposal of e-waste, then the global Pareto Opt...

Economics Online

By Drucilla Ekwurzel and John McMillan

Journal of Economic Literature, March 2001

The internet is bringing profound changes in scholarly publishing. The American Economic Association maintains a web site (www.AEAweb.org) containing the three AEA journals, bibliographic information, links to various economics information, and various se...

On Communication and Collusion

By Yu Awaya and Vijay Krishna

American Economic Review, February 2016

We study the role of communication within a cartel. Our analysis is carried out in Stigler's (1964) model of repeated oligopoly with secret price cuts. Firms observe neither the prices nor the sales of their rivals. For a fixed discount factor, we identif...

Technological Change and Risk Adjustment: Benefit Design Incentives in Medicare Part D

By Colleen Carey

American Economic Journal: Economic Policy, February 2017

Subsidized health insurance markets use diagnosis-based risk adjustment to induce insurers to offer an equitable benefit to individuals of varying expected cost. I demonstrate that technological change after risk adjustment calibration--new drug entry and...

The Allocation of Future Business: Dynamic Relational Contracts with Multiple Agents

By Isaiah Andrews and Daniel Barron

American Economic Review, September 2016

We consider how a firm dynamically allocates business among several suppliers to motivate them in a relational contract. The firm chooses one supplier who exerts private effort. Output is non-contractible, and each supplier observes only his own relations...