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

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Volume 90, issue 6, 2023

A Theory of Falling Growth and Rising Rents pp. 2675-2702

Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J Klenow and Huiyu Li

The Lost Capital Asset Pricing Model pp. 2703-2762

Daniel Andrei, Julien Cujean and Mungo Wilson

Inference for Linear Conditional Moment Inequalities pp. 2763-2791

Isaiah Andrews, Jonathan Roth and Ariel Pakes

Stalled Racial Progress and Japanese Trade in the 1970s and 1980s pp. 2792-2821

Mary Kate Batistich and Timothy Bond

Bond Premium Cyclicality and Liquidity Traps pp. 2822-2879

Nicolas Caramp and Sanjay R Singh

The Effects of Partial Employment Protection Reforms: Evidence from Italy pp. 2880-2942

Diego Daruich, Sabrina Di Addario and Raffaele Saggio

Down the River: Glyphosate Use in Agriculture and Birth Outcomes of Surrounding Populations pp. 2943-2981

Mateus Dias, Rudi Rocha and Rodrigo R Soares

Regional Consumption Responses and the Aggregate Fiscal Multiplier pp. 2982-3021

Bill Dupor, Marios Karabarbounis, Marianna Kudlyak and M Saif Mehkari

Risk Classification in Insurance Markets with Risk and Preference Heterogeneity pp. 3022-3082

Vitor Farinha Luz, Piero Gottardi and Humberto Moreira

Social Positions and Fairness Views on Inequality pp. 3083-3118

Kristoffer B Hvidberg, Claus T Kreiner and Stefanie Stantcheva

Central Bank Balance Sheet Policies Without Rational Expectations pp. 3119-3152

Luigi Iovino and Dmitriy Sergeyev

Credit Access, Selection, and Incentives in a Market for Asset-Collateralized Loans: Evidence From Kenya pp. 3153-3185

William Jack, Michael Kremer, Joost de Laat and Tavneet Suri

Left-Digit Bias at Lyft pp. 3186-3237

John List, Ian Muirex, Devin Pope and Gregory Sun

Hinterlands, City Formation and Growth: Evidence from the U.S. Westward Expansion pp. 3238-3281

Dávid Krisztián Nagy

Dynamic Asset-Backed Security Design pp. 3282-3314

Emre Ozdenoren, Kathy Yuan and Shengxing Zhang

Estimating Production Functions of Multiproduct Firms pp. 3315-3342

Nelli Valmari

Volume 90, issue 5, 2023

Price Discrimination in the Information Age: Prices, Poaching, and Privacy with Personalized Targeted Discounts pp. 2085-2115

Simon Anderson, Alicia Baik and Nathan Larson

Save, Spend, or Give? A Model of Housing, Family Insurance, and Savings in Old Age pp. 2116-2187

Daniel Barczyk, Sean Fahle and Matthias Kredler

Hazed and Confused: The Effect of Air Pollution on Dementia pp. 2188-2214

Kelly C Bishop, Jonathan D Ketcham and Nicolai V Kuminoff

“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium pp. 2215-2260

Michael J Böhm, Daniel Metzger and Per Strömberg

Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation pp. 2261-2291

Arnaud Costinot and Iván Werning

IQ, Expectations, and Choice pp. 2292-2325

Francesco D’Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber

Learning from Neighbours about a Changing State pp. 2326-2369

Krishna Dasaratha, Benjamin Golub and Nir Hak

Optimal Feedback in Contests pp. 2370-2394

Jeffrey C Ely, George Georgiadis, Sina Khorasani and Luis Rayo

Liquidity and Exchange Rates: An Empirical Investigation pp. 2395-2438

Charles Engel and Steve Pak Yeung Wu

Unemployment Insurance in Macroeconomic Stabilization pp. 2439-2480

Rohan Kekre

A Welfare Analysis of Occupational Licensing in U.S. States pp. 2481-2516

Morris M Kleiner and Evan J Soltas

A Network Solution to Robust Implementation: The Case of Identical but Unknown Distributions pp. 2517-2554

Mariann Ollár and Antonio Penta

A More Credible Approach to Parallel Trends pp. 2555-2591

Ashesh Rambachan and Jonathan Roth

Testing the Production Approach to Markup Estimation pp. 2592-2611

Devesh Raval

More Than a Penny’s Worth: Left-Digit Bias and Firm Pricing pp. 2612-2645

Avner Strulov-Shlain

Stratification Trees for Adaptive Randomisation in Randomised Controlled Trials pp. 2646-2673

Max Tabord-Meehan

Volume 90, issue 4, 2023

Managerial Quality and Productivity Dynamics pp. 1569-1607

Achyuta Adhvaryu, Anant Nyshadham and Jorge Tamayo

Optimal Environmental Targeting in the Amazon Rainforest pp. 1608-1641

Juliano Assunção, Robert McMillan, Joshua Murphy and Eduardo Souza-Rodrigues

Wealth Dynamics in Communities pp. 1642-1668

Daniel Barron, Yingni Guo and Bryony Reich

Culture and the Historical Fertility Transition pp. 1669-1700

Brian Beach and W Hanlon

Data-intensive Innovation and the State: Evidence from AI Firms in China pp. 1701-1723

Martin Beraja, David Yang and Noam Yuchtman

An Instrumental Variable Approach to Dynamic Models pp. 1724-1758

Steven Berry and Giovanni Compiani

Time Consistency and Duration of Government Debt: A Model of Quantitative Easing pp. 1759-1799

Saroj Bhattarai, Gauti Eggertsson and Bulat Gafarov

Career Spillovers in Internal Labour Markets pp. 1800-1831

Nicola Bianchi, Giulia Bovini, Jin Li, Matteo Paradisi and Michael Powell

Opinions as Facts pp. 1832-1864

Leonardo Bursztyn, Aakaash Rao, Christopher Roth and David Yanagizawa-Drott

Agenda-Manipulation in Ranking pp. 1865-1892

Gregorio Curello and Ludvig Sinander

Optimal Corporate Taxation Under Financial Frictions pp. 1893-1933

Eduardo Davila and Benjamin Hébert

Moral Universalism and the Structure of Ideology pp. 1934-1962

Benjamin Enke, Ricardo Rodríguez-Padilla and Florian Zimmermann

Subsidizing Labour Hoarding in Recessions: The Employment and Welfare Effects of Short-time Work pp. 1963-2005

Giulia Giupponi and Camille Landais

Estimation of Discrete Games with Weak Assumptions on Information pp. 2006-2041

Lorenzo Magnolfi and Camilla Roncoroni

Screening with Frames: Implementation in Extensive Form pp. 2042-2082

Franz Ostrizek and Denis Shishkin

Volume 90, issue 3, 2023

When Less is More: Improving Choices in Health Insurance Markets pp. 1011-1040

Jason Abaluck and Jonathan Gruber

Wall Street and Silicon Valley: A Delicate Interaction pp. 1041-1083

George-Marios Angeletos, Guido Lorenzoni and Alessandro Pavan

Matching in Dynamic Imbalanced Markets pp. 1084-1124

Itai Ashlagi, Afshin Nikzad and Philipp Strack

Infrequent Random Portfolio Decisions in an Open Economy Model pp. 1125-1154

Philippe Bacchetta, Eric van Wincoop and Eric Young

Multinomial Logit Processes and Preference Discovery: Inside and Outside the Black Box pp. 1155-1194

Simone Cerreia-Vioglio, Fabio Maccheroni, Massimo Marinacci and Aldo Rustichini

Estimating Intergenerational and Assortative Processes in Extended Family Data pp. 1195-1227

M Dolores Collado, Ignacio Ortuño-Ortín and Jan Stuhler

Price Discrimination and Public Policy in the US College Market pp. 1228-1264

Ian Fillmore

Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations pp. 1265-1303

Simon Jäger, Benjamin Schoefer and Josef Zweimüller

Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle* pp. 1304-1357

Patrick Kehoe, Pierlauro Lopez, Virgiliu Midrigan and Elena Pastorino

Sentimental Business Cycles pp. 1358-1393

Andresa Lagerborg, Evi Pappa and Morten Ravn

Consumer Search and Prices in the Automobile Market pp. 1394-1440

Jose Moraga-Gonzalez, Zsolt Sándor and Matthijs Wildenbeest

Reputation Building under Observational Learning pp. 1441-1469

Harry Pei

We Are All Behavioural, More, or Less: A Taxonomy of Consumer Decision-Making pp. 1470-1498

Victor Stango and Jonathan Zinman

The Missing Profits of Nations pp. 1499-1534

Thomas Tørsløv, Ludvig Wier and Gabriel Zucman

Hours Constraints, Occupational Choice, and Gender: Evidence from Medical Residents pp. 1535-1568

Melanie Wasserman

Volume 90, issue 2, 2023

Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program pp. 499-537

Sumit Agarwal, Gene Amromin, Souphala Chomsisengphet, Tim Landvoigt, Tomasz Piskorski, Amit Seru and Vincent Yao

Voluntary Disclosure and Personalized Pricing pp. 538-571

S Nageeb Ali, Greg Lewis and Shoshana Vasserman

Market Power in Neoclassical Growth Models pp. 572-596

Laurence Ball and N. Gregory Mankiw

Estimating the Costs of Standardization: Evidence from the Movie Industry pp. 597-633

El Hadi Caoui

Tax Policy and Lumpy Investment Behaviour: Evidence from China’s VAT Reform pp. 634-674

Zhao Chen, Xian Jiang, Zhikuo Liu, Juan Carlos Suárez Serrato and Daniel Yi Xu

Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right pp. 675-706

Ernesto Dal Bo, Frederico Finan, Olle Folke, Torsten Persson and Johanna Rickne

Revealed Price Preference: Theory and Empirical Analysis pp. 707-743

Rahul Deb, Yuichi Kitamura, John Quah and Jörg Stoye

Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Income Risk pp. 744-780

Sebastian Dyrda and Marcelo Pedroni

Belief Convergence under Misspecified Learning: A Martingale Approach pp. 781-814

Mira Frick, Ryota Iijima and Yuhta Ishii

Tax Advantages and Imperfect Competition in Auctions for Municipal Bonds pp. 815-851

Daniel Garrett, Andrey Ordin, James W Roberts and Juan Carlos Suárez Serrato

Preferences and Performance in Simultaneous First-Price Auctions: A Structural Analysis pp. 852-878

Matthew Gentry, Tatiana Komarova and Pasquale Schiraldi

A Risk-based Theory of Exchange Rate Stabilization pp. 879-911

Tarek A Hassan, Thomas M Mertens and Tony Zhang

Under Suspicion: Trust Dynamics with Secret Undermining pp. 912-947

Aaron Kolb and Erik Madsen

Matching with Externalities pp. 948-974

Marek Pycia and M. Bumin Yenmez

Redeemable Platform Currencies pp. 975-1008

Kenneth Rogoff and Yang Yous

Volume 90, issue 1, 2023

Immigration and Redistribution pp. 1-39

Alberto Alesina, Armando Miano and Stefanie Stantcheva

Measuring Belief-dependent Preferences without Data on Beliefs pp. 40-64

Charles Bellemare and Alexander Sebald

What is a Good School, and Can Parents Tell? Evidence on the Multidimensionality of School Output pp. 65-101

Diether Beuermann, C Kirabo Jackson, Laia Navarro-Sola and Francisco Pardo

Are Marriage-Related Taxes and Social Security Benefits Holding Back Female Labour Supply? pp. 102-131

Margherita Borella, Mariacristina De Nardi and Fang Yang

A World Equilibrium Model of the Oil Market pp. 132-164

Gideon Bornstein, Per Krusell and Sergio Rebelo

Racial Diversity and Racial Policy Preferences: The Great Migration and Civil Rights pp. 165-200

Alvaro Calderon, Vasiliki Fouka and Marco Tabellini

Simple Adaptive Size-Exact Testing for Full-Vector and Subvector Inference in Moment Inequality Models pp. 201-228

Gregory Cox and Xiaoxia Shi

Innovation and Strategic Network Formation pp. 229-260

Krishna Dasaratha

The Emergence of Market Structure pp. 261-292

Maryam Farboodi, Gregor Jarosch and Robert Shimer

Affordable Housing and City Welfare pp. 293-330

Jack Favilukis, Pierre Mabille and Stijn Van Nieuwerburgh

Slicing the Pie: Quantifying the Aggregate and Distributional Effects of Trade pp. 331-375

Simon Galle, Andres Rodriguez-Clare and Moises Yi

Using Bid Rotation and Incumbency to Detect Collusion: A Regression Discontinuity Approach pp. 376-403

Kei Kawai, Jun Nakabayashi, Juan Ortner and Sylvain Chassang

Should Central Banks Issue Digital Currency? pp. 404-431

Todd Keister and Daniel Sanches

Behaviour within a Clinical Trial and Implications for Mammography Guidelines pp. 432-462

Amanda Kowalski

How Do Inheritances Shape Wealth Inequality? Theory and Evidence from Sweden pp. 463-498

Arash Nekoei and David Seim