The Review of Economic Studies

1933 - 2025

Current editor(s): Thomas Chaney, Xavier d’Haultfoeuille, Andrea Galeotti, Bård Harstad, Nir Jaimovich, Katrine Loken, Elias Papaioannou, Vincent Sterk and Noam Yuchtman

From Review of Economic Studies Ltd
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Volume 92, issue 4, 2025

Regulating Carry Trades: Evidence from Foreign Currency Borrowing of Corporations in India pp. 2071-2107

Viral V Acharya and Siddharth Vij

Unpaired Kidney Exchange: Overcoming Double Coincidence of Wants without Money pp. 2108-2164

Mohammad Akbarpour, Julien Combe, YingHua He, Victor Hiller, Robert Shimer and Olivier Tercieux

Empirical Investigation of a Sufficient Statistic for Monetary Shocks pp. 2165-2196

Fernando Alvarez, Andrea Ferrara, Erwan Gautier, Hervé Le Bihan and Francesco Lippi

Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium pp. 2197-2227

Vladimir Asriyan, Luc Laeven, Alberto Martin, Alejandro Van der Ghote and Victoria Vanasco

Trade Wars, Nominal Rigidities, and Monetary Policy pp. 2228-2270

Stéphane Auray, Michael B Devereux and Aurélien Eyquem

Convicting Corrupt Officials: Evidence from Randomly Assigned Cases pp. 2271-2302

Sebastian Axbard

On the Economic Origins of Concerns Over Women’s Chastity pp. 2303-2329

Anke Becker

How Do Digital Advertising Auctions Impact Product Prices? pp. 2330-2358

Dirk Bergemann, Alessandro Bonatti and Nicholas Wu

Feedback and Learning: The Causal Effects of Reversals on Judicial Decision-Making pp. 2359-2397

Manudeep Bhuller and Henrik Sigstad

Monetary Policy and Heterogeneity: An Analytical Framework* pp. 2398-2436

Florin O Bilbiie

Gender Preferences in Job Vacancies and Workplace Gender Diversity pp. 2437-2471

David Card, Fabrizio Colella and Rafael Lalive

Reputational Bargaining with External Resolution Opportunities pp. 2472-2501

Mehmet Ekmekci and Hanzhe Zhang

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy pp. 2502-2536

Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti

No Free Lunch? Welfare Analysis of Firms Selling Through Expert Intermediaries pp. 2537-2577

Matthew Grennan, Kyle R Myers, Ashley Swanson and Aaron Chatterji

What Drives Demand for State-Run Lotteries? Evidence and Welfare Implications pp. 2578-2623

Benjamin B Lockwood, Hunt Allcott, Dmitry Taubinsky and Afras Sial

Behavioural Responses to Wealth Taxation: Evidence from Colombia pp. 2624-2655

Juliana Londoño-Vélez and Javier Ávila-Mahecha

Stock Market Participation, Inequality, and Monetary Policy pp. 2656-2690

Davide Melcangi and Vincent Sterk

Identifying Network Ties from Panel Data: Theory and an Application to Tax Competition pp. 2691-2729

Áureo de Paula, Imran Rasul and Pedro C L Souza

Excess Capacity and Demand-Driven Business Cycles pp. 2730-2764

Tiancheng Sun

Economic Integration and the Transmission of Democracy pp. 2765-2792

Marco Tabellini and Giacomo Magistretti

Volume 92, issue 3, 2025

Who Are the Hand-to-Mouth? pp. 1293-1340

Mark Aguiar, Mark Bils and Corina Boar

Expectations and Learning from Prices pp. 1341-1374

Francesca Bastianello and Paul Fontanier

Survey Data and Subjective Beliefs in Business Cycle Models pp. 1375-1437

Anmol Bhandari, Jaroslav Borovička and Paul Ho

Job Applications and Labour Market Flows pp. 1438-1496

Serdar Birinci, Kurt See and Shu Lin Wee

Gang Rule: Understanding and Countering Criminal Governance pp. 1497-1531

Christopher Blattman, Gustavo Duncan, Benjamin Lessing and Santiago Tobon

Imagining the Future: Memory, Simulation, and Beliefs pp. 1532-1563

Pedro Bordalo, Giovanni Burro, Katherine Coffman, Nicola Gennaioli and Andrei Shleifer

Inflation Levels and (In)Attention (On a System of Inequalities in Demand Analysis: An Extension of the Classical Method) pp. 1564-1594

Anat Bracha and Jenny Tang

Market Structure and Extortion: Evidence from 50,000 Extortion Payments pp. 1595-1624

Zach Y Brown, Eduardo Montero, Carlos Schmidt-Padilla and Maria Micaela Sviatschi

Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading System pp. 1625-1660

Jonathan Colmer, Ralf Martin, Mirabelle Muûls and Ulrich Wagner

Employer Credit Checks: Poverty Traps Versus Matching Efficiency pp. 1661-1698

Dean Corbae and Andrew Glover

What Good Are Treatment Effects Without Treatment? Mental Health and the Reluctance to Use Talk Therapy pp. 1699-1737

Christopher J Cronin, Matthew P Forsstrom and Nicholas W Papageorge

The Impact of Online Competition on Local Newspapers: Evidence from the Introduction of Craigslist pp. 1738-1772

Milena Djourelova, Ruben Durante and Gregory J Martin

Optimal Pricing of a New Utility Service: The Case of Piped Water in Vietnam pp. 1773-1800

Quy-Toan Do and Hanan G Jacoby

Consumption Quality and Employment Across the Wealth Distribution pp. 1801-1836

Domenico Ferraro and Vytautas Valaitis

“You Will:” A Macroeconomic Analysis of Digital Advertising pp. 1837-1881

Jeremy Greenwood, Yueyuan Ma and Mehmet Yorukoglu

Motivated Skepticism pp. 1882-1919

Jeanne Hagenbach and Charlotte Saucet

A Structural Analysis of Mental Health and Labour Market Trajectories pp. 1920-1954

Grégory Jolivet and Fabien Postel-Vinay

Market Power and Price Informativeness pp. 1955-1986

Marcin Kacperczyk, Jaromir Nosal and Savitar Sundaresan

The Lifetime Costs of Bad Health pp. 1987-2026

Mariacristina De Nardi, Svetlana Pashchenko and Ponpoje Porapakkarm

Should We Prevent Off-Label Drug Prescriptions? Empirical Evidence from France pp. 2027-2070

Tuba Tunçel

Volume 92, issue 2, 2025

(Successful) Democracies Breed Their Own Support pp. 621-655

Daron Acemoglu, Nicolás Ajzenman, Cevat Giray Aksoy, Martin Fiszbein and Carlos Molina

The Macroeconomics of Supply Chain Disruptions pp. 656-695

Daron Acemoglu and Alireza Tahbaz-Salehi

Tapping into Talent: Coupling Education and Innovation Policies for Economic Growth pp. 696-736

Ufuk Akcigit, Jeremy Pearce and Marta Prato

U.S. Market Concentration and Import Competition pp. 737-771

Mary Amiti and Sebastian Heise

Shallow Meritocracy pp. 772-807

Peter Andre

Structural Change, Elite Capitalism, and the Emergence of Labour Emancipation pp. 808-836

Quamrul H Ashraf, Francesco Cinnirella, Oded Galor, Boris Gershman and Erik Hornung

Dynamic Demand Estimation in Auction Markets pp. 837-872

Matthew Backus and Greg Lewis

The Elusive Gains from Nationally Oriented Monetary Policy pp. 873-908

Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri

Signalling with Private Monitoring pp. 909-953

Gonzalo Cisternas and Aaron Kolb

Wage Risk and Government and Spousal Insurance pp. 954-980

Mariacristina De Nardi, Giulio Fella and Gonzalo Paz-Pardo

Efficient and Convergent Sequential Pseudo-Likelihood Estimation of Dynamic Discrete Games pp. 981-1021

Adam Dearing S.C. and Jason Blevins

Talent, Geography, and Offshore R&D pp. 1022-1060

Jingting Fan

The Heterogeneous Effects of Government Spending: It’s All About Taxes pp. 1061-1125

Axelle Ferriere and Gaston Navarro

Monopoly of Taxation Without a Monopoly of Violence: The Weak State’s Trade-Offs From Taxation pp. 1126-1156

Soeren J Henn, Christian Mastaki Mugaruka, Miguel Ortiz, Raúl Sánchez de la Sierra and David Qihang Wu

Dynamic Perturbation pp. 1157-1192

Alessandro Mennuni, Juan F Rubio-Ramírez and Serhiy Stepanchuk

A Theory of Socially Responsible Investment pp. 1193-1225

Martin Oehmke and Marcus Opp

Interview Sequences and the Formation of Subjective Assessments pp. 1226-1256

Jonas Radbruch and Amelie Schiprowski

Policy Targeting under Network Interference pp. 1257-1292

Davide Viviano

Volume 92, issue 1, 2025

Labour Market Screening and the Design of Social Insurance: An Equilibrium Analysis of the Labour Market for the Disabled pp. 1-39

Naoki Aizawa, Soojin Kim and Serena Rhee

Optimal Allocation via Waitlists: Simplicity Through Information Design pp. 40-68

Itai Ashlagi, Faidra Monachou and Afshin Nikzad

Inefficient Automation pp. 69-96

Martin Beraja and Nathan Zorzi

Migration and the Value of Social Networks pp. 97-128

Joshua E Blumenstock, Guanghua Chi and Xu Tan

Private Sector Provision as an “Escape Valve”: The Mexico Diabetes Experiment pp. 129-161

Ari Bronsoler, Jonathan Gruber and Enrique Seira Bejarano

Adaptive Estimation and Uniform Confidence Bands for Nonparametric Structural Functions and Elasticities pp. 162-196

Xiaohong Chen, Timothy Christensen and Sid Kankanala

Information Spillovers and Sovereign Debt: Theory Meets the Eurozone Crisis pp. 197-237

Harold L Cole, Daniel Neuhann and Guillermo Ordoñez

Partially Linear Models under Data Combination pp. 238-267

X D’Haultfœuille, Christophe Gaillac and Arnaud Maurel

Too Domestic to Fail: Liquidity Provision and National Champions pp. 268-298

Emmanuel Farhi and Jean Tirole

The Climate in Climate Economics pp. 299-338

Doris Folini, Aleksandra Friedl, Felix Kübler and Simon Scheidegger

Good Politicians: Experimental Evidence on Motivations for Political Candidacy and Government Performance pp. 339-364

Saad Gulzar and Muhammad Yasir Khan

International Comovement in the Global Production Network pp. 365-403

Zhen Huo, Andrei Levchenko and Nitya Pandalai-Nayar

Transhumant Pastoralism, Climate Change, and Conflict in Africa pp. 404-441

Eoin F McGuirk and Nathan Nunn

Reservation Raises: The Aggregate Labour Supply Curve at the Extensive Margin pp. 442-475

Preston Mui and Benjamin Schoefer

Robust Implementation with Costly Information pp. 476-505

Harry Pei and Bruno Strulovici

The Causal Impact of Socio-Emotional Skills Training on Educational Success pp. 506-552

Giuseppe Sorrenti, Ulf Zölitz, Denis Ribeaud and Manuel Eisner

Surviving Competition: Neighbourhood Shops versus Convenience Chains pp. 553-585

Miguel Talamas Marcos

Estimating Equilibrium in Health Insurance Exchanges: Price Competition and Subsidy Design under the ACA pp. 586-620

Pietro Tebaldi