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 89, issue 6, 2022

The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation pp. 2841-2871

Jerome Adda, Christian Dustmann and Joseph-Simon Görlach

The Impact of Car Pollution on Infant and Child Health: Evidence from Emissions Cheating pp. 2872-2910

Diane Alexander and Hannes Schwandt

The Welfare Effects of Transportation Infrastructure Improvements pp. 2911-2957

Treb Allen and Costas Arkolakis

Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples pp. 2958-2991

Peter Andrebriq, Carlo Pizzinelli, Christopher Roth and Johannes Wohlfart

Product Life Cycle, Learning, and Nominal Shocks pp. 2992-3054

David Argente and Chen Yeh

Coordinated Capacity Reductions and Public Communication in the Airline Industry pp. 3055-3084

Gaurab Aryal, Federico Ciliberto and Benjamin Leyden

Yogurts Choose Consumers? Estimation of Random-Utility Models via Two-Sided Matching pp. 3085-3114

Odran Bonnet, Alfred Galichon, Yu-Wei Hsieh, Keith O’Hara and Matt Shum

China’s Model of Managing the Financial System pp. 3115-3153

Markus Brunnermeier, Michael Sockin and Wei Xiong

The Design of Teacher Assignment: Theory and Evidence pp. 3154-3222

Julien Combe, Olivier Tercieux and Camille Terrier

A Theory of Participation in OTC and Centralized Markets pp. 3223-3266

Jérôme Dugast, Semih Üslü and Pierre-Olivier Weill

Welfare and Redistribution in Residential Electricity Markets with Solar Power pp. 3267-3302

Fabian Feger, Nicola Pavanini and Doina Radulescu

Seawalls and Stilts: A Quantitative Macro Study of Climate Adaptation pp. 3303-3344

Stephie Fried

Measuring Unfair Inequality: Reconciling Equality of Opportunity and Freedom from Poverty pp. 3345-3380

Paul Hufe, Ravi Kanbur and Andreas Peichlifo

Globalization, Gender, and the Family pp. 3381-3409

Wolfgang Keller and Hale Utar

The Unavoidability of Low Inflation–Low Output Traps pp. 3410-3435

Narayana Kocherlakota

Volume 89, issue 5, 2022

Killer Incentives: Rivalry, Performance and Risk-Taking among German Fighter Pilots, 1939–45 pp. 2257-2292

Philipp Ager, Leonardo Bursztyn, Lukas Leucht and Hans-Joachim Voth

Interventions and Cognitive Spillovers pp. 2293-2328

Steffen Altmann, Andreas Grunewald and Jonas Radbruch

Informal Risk Sharing with Local Information pp. 2329-2380

Attila Ambrus, Wayne Gao and Pau Milán

An Information-based Theory of Financial Intermediation pp. 2381-2444

Zachary Bethune, Bruno Sultanum and Nicholas Trachter

Multi-asset Noisy Rational Expectations Equilibrium with Contingent Claims pp. 2445-2490

Georgy Chabakauri, Kathy Yuan and Konstantinos Zachariadis

Caught between Cultures: Unintended Consequences of Improving Opportunity for Immigrant Girls pp. 2491-2528

Gordon Dahl, Christina Felfe, Paul Frijters and Helmut Rainer

Currency Choice in Contracts pp. 2529-2558

Andres Drenik, Rishabh Kirpalani and Diego J Perez

Recovering Investor Expectations from Demand for Index Funds pp. 2559-2599

Mark Egan, Alexander MacKay and Hanbin Yang

Cupid’s Invisible Hand: Social Surplus and Identification in Matching Models pp. 2600-2629

Alfred Galichon and Bernard Salanié

Optimal Auctions: Non-expected Utility and Constant Risk Aversion pp. 2630-2662

Alex Gershkov, Benny Moldovanu, Philipp Strack and Mengxi Zhang

Inference with Many Weak Instruments pp. 2663-2686

Anna Mikusheva and Liyang Sun

Coordination and Continuous Stochastic Choice pp. 2687-2722

Stephen Morris and Ming Yang

Intelligence, Errors, and Cooperation in Repeated Interactions pp. 2723-2767

Eugenio Proto, Aldo Rustichini and Andis Sofianos

Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis pp. 2768-2805

Adam Hale Shapiro and Daniel Wilson

Patience and Comparative Development pp. 2806-2840

Uwe Sunde, Thomas Dohmen, Benjamin Enke, Armin Falkbriq, David Huffman and Gerrit Meyerheim

Volume 89, issue 4, 2022

Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data pp. 1629-1653

Tasso Adamopoulos and Diego Restuccia

Central Bank Swap Lines: Evidence on the Effects of the Lender of Last Resort pp. 1654-1693

Saleem Bahaj and Ricardo Reis

Endogenous Social Interactions with Unobserved Networks pp. 1694-1747

Marco Battaglini, Eleonora Patacchini and Edoardo Rainone

Financial Regulation in a Quantitative Model of the Modern Banking System pp. 1748-1784

J Begenau and T Landvoigt

Forbidden Fruits: The Political Economy of Science, Religion, and Growth pp. 1785-1832

Roland Benabou, Davide Ticchi and Andrea Vindigni

Lending Relationships and Optimal Monetary Policy pp. 1833-1872

Zachary Bethune, Guillaume Rocheteau, Russell Wong and Cathy Zhang

Trade Finance and the Durability of the Dollar pp. 1873-1910

Ryan Chahrour and Rosen Valchev

A Theory of Monetary Union and Financial Integration pp. 1911-1947

Luca Fornaro

Overcoming Free-Riding in Bandit Games pp. 1948-1992

Johannes Hörner, Nicolas Klein and Sven Rady

An Equilibrium Analysis of the Long-Term Care Insurance Market pp. 1993-2025

Ami Ko

Fragile Self-Esteem pp. 2026-2060

Botond Koszegi, George Loewenstein and Takeshi Murooka

Entrepreneurial Human Capital and Firm Dynamics pp. 2061-2100

Francisco Queiró

Patent Screening, Innovation, and Welfare pp. 2101-2148

Mark Schankerman and Florian Schuett

Policy Effects of International Taxation on Firm Dynamics and Capital Structure pp. 2149-2200

Adam Hal Spencer

Folk Theorem in Repeated Games with Private Monitoring pp. 2201-2256

Takuo Sugaya

Volume 89, issue 3, 2022

Are High-Interest Loans Predatory? Theory and Evidence from Payday Lending pp. 1041-1084

Hunt Allcott, Joshua Kim, Dmitry Taubinsky and Jonathan Zinman

Confidence and the Propagation of Demand Shocks pp. 1085-1119

George-Marios Angeletos and Chen Lian

Liquidity Constraints in the U.S. Housing Market pp. 1120-1154

Corina Boar, Denis Gorea and Virgiliu Midrigan

Fiscal Multipliers and Foreign Holdings of Public Debt pp. 1155-1204

Fernando Broner, Daragh Clancy, Aitor Erce and Alberto Martin

Who Chooses Commitment? Evidence and Welfare Implications pp. 1205-1244

Mariana Carrera, Heather Royer, Mark Stehr, Justin Sydnor and Dmitry Taubinsky

Priority Design in Centralized Matching Markets pp. 1245-1277

Oğuzhan Çelebi and Joel P Flynn

Liquidity Risk and Long-Term Finance: Evidence from a Natural Experiment pp. 1278-1313

Ali Choudhary and Nicola Limodio

Concentration Bias in Intertemporal Choice pp. 1314-1334

Markus Dertwinkel-Kalt, Holger Gerhardt, Gerhard Riener, Frederik Schwerter and Louis Strang

Risk Premium Shocks Can Create Inefficient Recessions pp. 1335-1369

Sebastian Di Tella and Robert Hall

Firm Dynamics, On-the-Job Search, and Labor Market Fluctuations pp. 1370-1419

Michael Elsby and Axel Gottfries

Firm Heterogeneity in Consumption Baskets: Evidence from Home and Store Scanner Data pp. 1420-1459

Benjamin Faber and Thibault Fally

Measuring the Incentive to Collude: The Vitamin Cartels, 1990–99 pp. 1460-1494

Mitsuru Igami and Takuo Sugaya

Winning by Default: Why is There So Little Competition in Government Procurement? pp. 1495-1556

Karam Kang and Robert A Miller

The Gift of Moving: Intergenerational Consequences of a Mobility Shock pp. 1557-1592

Emi Nakamura, Jósef Sigurdsson and Jón Steinsson

The Real Effects of Monetary Expansions: Evidence from a Large-scale Historical Experiment pp. 1593-1627

Nuno Palma

Volume 89, issue 2, 2022

Collateral Booms and Information Depletion pp. 517-555

Vladimir Asriyan, Luc Laeven and Alberto Martin

Spatial Equilibrium, Search Frictions, and Dynamic Efficiency in the Taxi Industry pp. 556-591

Nicholas Buchholz

Skill-Biased Structural Change pp. 592-625

Francisco J Buera, Joseph Kaboski, Richard Rogerson and Juan I Vizcaino

Risky Matching pp. 626-665

Hector Chade and Ilse Lindenlaub

Structural Breaks in an Endogenous Growth Model pp. 666-694

Timothy Cogley and Boyan Jovanovic

Corruption and Firms pp. 695-732

Emanuele Colonnelli and Mounu Prem

International Spillovers and Local Credit Cycles pp. 733-773

Julian di Giovanni, Şebnem Kalemli-Özcan, Mehmet Ulu and Yusuf Baskaya

Roman Transport Network Connectivity and Economic Integration pp. 774-810

Matthias Flückiger, Erik Hornung, Mario Larch, Markus Ludwig and Allard Mees

From Immigrants to Americans: Race and Assimilation during the Great Migration pp. 811-842

Vasiliki Fouka, Soumyajit Mazumder and Marco Tabellini

Conditional Superior Predictive Ability pp. 843-875

Jia Li, Zhipeng Liao and Rogier Quaedvlieg

Long-Term Effects of Childhood Nutrition: Evidence from a School Lunch Reform pp. 876-908

Petter Lundborg, Dan-Olof Rooth and Jesper Alex-Petersen

The Extensive Margin of Aggregate Consumption Demand pp. 909-947

Claudio Michelacci, Luigi Paciello and Andrea Pozzi

Rationalizability, Observability, and Common Knowledge* pp. 948-975

Antonio Penta and Peio Zuazo-Garin

Uncertainty in the Hot Hand Fallacy: Detecting Streaky Alternatives to Random Bernoulli Sequences pp. 976-1007

David M Ritzwoller and Joseph P Romano

Welfare Effects of Dynamic Matching: An Empirical Analysis pp. 1008-1037

Valentin Verdier and Carson Reeling

Volume 89, issue 1, 2022

Demographics and Automation pp. 1-44

Daron Acemoglu and Pascual Restrepo

Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach pp. 45-86

Yves Achdou, Jiequn Han, Jean-Michel Lasry, Pierre-Louis Lionse and Benjamin Moll

Understanding the Size of the Government Spending Multiplier: It’s in the Sign pp. 87-117

Régis Barnichon, Davide Debortoli and Christian Matthes

A Menu of Insurance Contracts for the Unemployed pp. 118-141

Régis Barnichon and Yanos Zylberberg

The U.K. as a Technological Follower: Higher Education Expansion and the College Wage Premium pp. 142-180

Richard Blundell, David Green and Wenchao Jin

Quasi-Experimental Shift-Share Research Designs pp. 181-213

Kirill Borusyak, Peter Hull and Xavier Jaravel

Recoverability and Expectations-Driven Fluctuations pp. 214-239

Ryan Chahrour and Kyle Jurado

Choice with Endogenous Categorization pp. 240-278

Andrew Ellis and Yusufcan Masatlioglu

Should Robots Be Taxed? pp. 279-311

Joao Guerreiro, Sergio Rebelo and Pedro Teles

Instrument-Based versus Target-Based Rules pp. 312-345

Marina Halac and Pierre Yared

Improving Management with Individual and Group-Based Consulting: Results from a Randomized Experiment in Colombia pp. 346-371

Leonardo Iacovone, William Maloney and David McKenzie

Social Connectedness and Local Contagion pp. 372-410

C Matthew Leister, Yves Zenou and Junjie Zhou

An Elementary Theory of Directed Technical Change and Wage Inequality pp. 411-451

Jonas Loebbing

Migration and Informal Insurance: Evidence from a Randomized Controlled Trial and a Structural Model pp. 452-480

Costas Meghir, A Mushfiq Mobarak, Corina Mommaerts and Melanie Morten

Exchange Rate Exposure and Firm Dynamics pp. 481-514

Juliana Salomao and Liliana Varela