International Economic Review

2008 - 2025

Continuation of International Economic Review.

Current editor(s): Michael O'Riordan and Dirk Krueger

From Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association
160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297.
Contact information at EDIRC.
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Volume 66, issue 5, 2025

Financial Frictions for Firms and Households: Implications for Economic Development and Government Policies—An Introduction to the Special Issue pp. 1751-1752

Dirk Krueger

Fiscal Consequences of the US War on COVID pp. 1753-1780

George J. Hall and Thomas J. Sargent

Inflation and Debt Rollover Under Low Interest Rates pp. 1781-1807

Jianjun Miao, Zhouxiang Shen and Dongling Su

Comment on “Inflation and Debt Rollover Under Low Interest Rates” pp. 1809-1811

Zhiwei Xu

A Macroeconomic Model of Structural Monetary Policy in China pp. 1813-1834

Feng Dong, Dongzhou Mei and Haoning Sun

Discussion of A Macroeconomic Model of Structural Monetary Policy in China pp. 1835-1837

Dun Jia

Collateral‐Based Monetary Policy: Evidence From China pp. 1839-1881

Hanming Fang, Yongqin Wang and Xian Wu

Comment on “Collateral‐Based Monetary Policy: Evidence from China” pp. 1883-1886

Kaiji Chen

Reallocating and Pricing Illiquid Capital: Two Productive Trees pp. 1887-1907

Janice Eberly and Neng Wang

Discussion of “Reallocating and Pricing Illiquid Capital: Two Productive Trees” pp. 1909-1911

Kai Li

Quantifying the Macroeconomic Impact of Credit Expansions pp. 1913-1928

Corina Boar, Kjetil Storesletten, Matthew Knowles and Yicheng Wang

Two Engines, One Boom: Disentangling Credit's Real Effects: A Discussion of “Quantifying the Macroeconomic Impact of Credit Expansions” pp. 1929-1931

Wei Cui

How do Multinationals Impact China's Technology? The Role of Quid Pro Quo Policy and Technology Spillovers pp. 1933-1956

Xiao Ma and Yiran Zhang

Comments on “How Do Multinationals Impact China's Technology? The Role of Quid Pro Quo Policy and Technology Spillovers” pp. 1957-1959

Dan Lu

Volume 66, issue 4, 2025

Productive Misallocation and International Transmission of Credit Shocks pp. 1395-1423

Yuko Imura and Julia K. Thomas

The Unemployment‐Risk Channel in Business‐Cycle Fluctuations pp. 1425-1458

Tobias Broer, Jeppe Druedahl, Karl Harmenberg and Erik Öberg

The Fed's Discount Window in “Normal” Times pp. 1459-1485

Huberto M. Ennis and Elizabeth Klee

Super‐Nash Performance pp. 1487-1503

Mehmet S. Ismail

Life‐Cycle Wage Growth and Internal Migration pp. 1505-1523

Alberto Rivera‐Padilla

Public Transit Access and Income Segregation pp. 1525-1560

Prottoy Akbar

Bargaining Foundations for Price Taking in Matching Markets pp. 1561-1575

Matthew Elliott and Eduard Talamàs

Social Preferences Over Taste‐Based Inequality pp. 1577-1597

Rachelle Cohen, Amnon Maltz and Yuval Ofek‐Shanny

Demand Systems Without Errors pp. 1599-1617

Ian Crawford

Search Frictions in Over‐the‐Counter Foreign Exchange Markets: Theory and Evidence pp. 1619-1644

Dong Lu, Daniela Puzzello and Aiyong Zhu

Productivity and Working Hours Within Teams of Knowledge Workers pp. 1645-1664

Ruo Shangguan, Jed DeVaro and Hideo Owan

Ordinal Simplicity in Discrete Mechanism Design pp. 1665-1680

Marek Pycia and M. Utku Ünver

Market Allocations Under Conflation of Goods pp. 1681-1691

Niccolò Urbinati and Marco LiCalzi

Stockpiling and Shortages pp. 1693-1712

Tilman Klumpp and Xuejuan Su

Selective Migration and Economic Development: A Generalized Approach pp. 1713-1732

Narcisse Cha'ngom, Christoph Deuster, Frédéric Docquier and Joël Machado

Robust Contracting Under Distributional Uncertainty pp. 1733-1748

Jiangtao Li and Kexin Wang

Volume 66, issue 3, 2025

TAXATION OF TOP INCOMES AND TAX AVOIDANCE pp. 983-1018

Alessandro Di Nola, Georgi Kocharkov, Almuth Scholl, Anna‐Mariia Tkhir and Haomin Wang

Consumer Bankruptcy, Mortgage Default, and Labor Supply pp. 1019-1042

Wenli Li, Costas Meghir and Florian Oswald

ON THE IMPACT OF INFORMATION MANIPULATION IN DEMOCRATIC ELECTIONS pp. 1043-1077

Andreas Grunewald, Andreas Klümper and Matthias Kräkel

Optimal Taxation of Capital in the Presence of Declining Labor Share pp. 1079-1097

Orhan Erem Atesagaoglu and Hakki Yazici

DO WORKERS BENEFIT FROM WAGE TRANSPARENCY RULES? pp. 1099-1128

Oliver Gürtler and Lennart Struth

Growth with Deadly Spillovers pp. 1129-1152

Pietro Peretto and Simone Valente

Liquidity Constraints, Income Variance, and Buffer Stock Savings: Experimental Evidence pp. 1153-1174

John Duffy and Andreas Orland

SELF‐FULFILLING BUSINESS CYCLES WITH PRODUCTION NETWORKS pp. 1175-1206

Feng Dong and Fei Zhou

DOMESTIC AND EXTERNAL SOVEREIGN DEBT pp. 1207-1238

Paola Di Casola and Spyridon Sichlimiris

OPTIMAL REDISTRIBUTION AND EDUCATION SIGNALING pp. 1239-1265

Spencer Bastani, Tomer Blumkin and Luca Micheletto

INFORMATION DESIGN IN ALLOCATION WITH COSTLY VERIFICATION pp. 1267-1285

Yi‐Chun Chen, Gaoji Hu and Xiangqian Yang

PREDICTIVE DENSITY COMBINATION USING BAYESIAN MACHINE LEARNING pp. 1287-1315

Tony Chernis, Niko Hauzenberger, Florian Huber, Gary Koop and James Mitchell

POLITICAL BRINKMANSHIP AND COMPROMISE pp. 1317-1339

Helios Herrera, Antonin Macé and Matías Núñez

A Simple Quantile Regression Model Linking Micro Outcomes to Macro Covariates pp. 1341-1362

Xiaohong Chen, Gaosheng Ju and Qi Li

The Political Economy of School Finance Systems With Endogenous State and Local Tax Policies pp. 1363-1389

Stephen Calabrese, Dennis Epple and Richard Romano

Volume 66, issue 2, 2025

ON THE ECONOMIC MECHANICS OF WARFARE pp. 491-526

Guillaume Vandenbroucke

Home and School in the Development of Children pp. 527-566

Francesco Agostinelli, Morteza Saharkhiz and Matthew Wiswall

WAGE RISK, EMPLOYMENT RISK, AND THE RISE IN WAGE INEQUALITY pp. 567-594

Ariel Mecikovsky and Felix Wellschmied

LAST BUT NOT LEAST: LAGGARD FIRMS, TECHNOLOGY DIFFUSION, AND ITS STRUCTURAL AND POLICY DETERMINANTS pp. 595-627

Giuseppe Berlingieri, Sara Calligaris, Chiara Criscuolo and Rudy Verlhac

FIRM SIZE AND BUSINESS CYCLES WITH CREDIT SHOCKS pp. 629-659

In Hwan Jo

SELF‐EMPLOYMENT AND LABOR MARKET RISKS pp. 661-686

Richard Audoly

Sovereign Spreads and the Political Leaning of Nations pp. 687-709

Johnny Cotoc, Alok Johri and César Sosa‐Padilla

THE DYNAMICS OF RESIDENTIAL SORTING AND HEALTH: IMPLICATIONS OF CLIMATE CHANGE IN THE UNITED STATES pp. 711-756

Sophie Mathes

NONSTANDARD CHOICE IN MATCHING MARKETS pp. 757-786

Gian Caspari and Manshu Khanna

ENTRY ORDER, PERFORMANCE, AND GEOGRAPHY: THE CASE OF THE CONVENIENCE‐STORE INDUSTRY IN JAPAN pp. 787-822

Mitsukuni Nishida

CENTRAL BANK DIGITAL CURRENCY AND PRIVACY: A RANDOMIZED SURVEY EXPERIMENT pp. 823-847

Syngjoo Choi, Bongseop Kim, Young Sik Kim and Ohik Kwon

BANKING AND BANKING REFORMS IN CHINA IN A MODEL OF COSTLY STATE VERIFICATION pp. 849-882

Jie Luo and Cheng Wang

SUBSTITUTION BETWEEN CLEAN AND DIRTY ENERGY WITH BIASED TECHNICAL CHANGE pp. 883-902

Ara Jo

The Role of Nonpecuniary Considerations: Location Decisions of College Graduates From Low‐Income Backgrounds pp. 903-931

Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner and Yuxi Yao

TRADE LIBERALIZATION AND THE GREAT LABOR REALLOCATION pp. 933-963

Yuan Zi

Recombinant Innovation, Novel Ideas, and the Start of Nobel Prize–Winning Work pp. 965-979

John C. Ham, Brian Quistorff and Bruce A. Weinberg

Volume 66, issue 1, 2025

2023 KLEIN LECTURE—CAPITAL AND WAGES pp. 3-24

Daron Acemoglu

PRODUCTIVE ROBOTS AND INDUSTRIAL EMPLOYMENT: THE ROLE OF NATIONAL INNOVATION SYSTEMS pp. 25-52

Chrystalla Kapetaniou and Christopher Pissarides

ON THE OPTIMALITY OF DIFFERENTIAL ASSET TAXATION pp. 53-78

Thomas Phelan

MANDATORY INTEGRATION AGREEMENTS FOR UNEMPLOYED JOB SEEKERS: A RANDOMIZED CONTROLLED FIELD EXPERIMENT IN GERMANY pp. 79-105

Gerard J. van den Berg, Barbara Hofmann, Gesine Stephan and Arne Uhlendorff

HEALTH, HEALTH INSURANCE, AND INEQUALITY pp. 107-141

Chaoran Chen, Zhigang Feng and Jiaying Gu

PENSIONS, INCOME TAXES, AND HOMEOWNERSHIP: A CROSS‐COUNTRY ANALYSIS pp. 143-174

Hans Fehr, Maurice Hofmann and George Kudrna

INVENTORIES, INPUT COSTS, AND PRODUCTIVITY GAINS FROM TRADE LIBERALIZATIONS pp. 175-199

Shafaat Khan and Armen Khederlarian

IDEAL DEFAULT FOR RESOLVING DISPUTES EFFICIENTLY pp. 201-221

Nejat Anbarci and Gorkem Celik

UNEQUAL PEACE pp. 223-258

Ali Kamranzadeh and Charles Z. Zheng

AGE DISCONTINUITY AND NONEMPLOYMENT BENEFIT POLICY EVALUATION THROUGH THE LENS OF JOB SEARCH THEORY pp. 259-286

Bruno Decreuse and Guillaume Wilemme

MACRO UNCERTAINTY, UNEMPLOYMENT RISK, AND CONSUMPTION DYNAMICS pp. 287-312

Joonseok Oh and Anna Rogantini Picco

CONDORCET CONSISTENCY AND PAIRWISE JUSTIFIABILITY UNDER VARIABLE AGENDAS pp. 313-329

Salvador Barberà, Dolors Berga, Bernardo Moreno and Antonio Nicolo'

UNDERSTANDING THE GREAT RECESSION THROUGH THE BANKING SECTOR pp. 331-361

Toshiaki Ogawa

CONSTANT DISCOUNTING, TEMPORAL INSTABILITY, AND DYNAMIC INCONSISTENCY IN DENMARK: A LONGITUDINAL FIELD EXPERIMENT pp. 363-392

Glenn Harrison, Morten I. Lau and Hong Il Yoo

THE UNPRECEDENTED FALL IN U.S. REVOLVING CREDIT pp. 393-451

Gajendran Raveendranathan and Georgios Stefanidis

INTERNATIONAL SPILLOVERS OF QUALITY REGULATIONS pp. 453-484

Luca Macedoni and Ariel Weinberger