Review of Economic Studies

Article	Citations
U.S. Monetary Policy and the Global Financial Cycle	380
Quasi-Experimental Shift-Share Research Designs	277
Demographics and Automation	127
Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach	102
Understanding Cultural Persistence and Change	99
A More Credible Approach to Parallel Trends	99
Monopoly without a Monopolist: An Economic Analysis of the Bitcoin Payment System	97
Property Rights, Land Misallocation, and Agricultural Efficiency in China	91
The Gender Earnings Gap in the Gig Economy: Evidence from over a Million Rideshare Drivers	81
Housing Wealth Effects: The Long View	76
Top of the Class: The Importance of Ordinal Rank	67
Cognitive Imprecision and Small-Stakes Risk Aversion	65
Back to Basics: Basic Research Spillovers, Innovation Policy, and Growth	62
Immigration and Redistribution	58
Trade and Domestic Production Networks	58
The Missing Profits of Nations	54
Anonymity or Distance? Job Search and Labour Market Exclusion in a Growing African City	52
Should Central Banks Issue Digital Currency?	51
Bank Capital Redux: Solvency, Liquidity, and Crisis	47
Corruption and Firms	47
What Would You Do with $500? Spending Responses to Gains, Losses, News, and Loans	47
Financial Regulation in a Quantitative Model of the Modern Banking System	46
A Model of Relative Thinking	46
Identity Politics and Trade Policy	44
Human Capital Development and Parental Investment in India	43

China’s Model of Managing the Financial System	43
Measuring Bias in Consumer Lending	42
Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples	41
Intergenerational Mobility in the Very Long Run: Florence 1427–2011	38
The Effects of Competition and Entry in Multi-sided Markets	37
Social Norms, Labour Market Opportunities, and the Marriage Gap Between Skilled and Unskilled Women	37
International Spillovers and Local Credit Cycles	36
Understanding the Size of the Government Spending Multiplier: It’s in the Sign	35
Face-to-Face Communication in Organizations	34
From Immigrants to Americans: Race and Assimilation during the Great Migration	34
Default Effects And Follow-On Behaviour: Evidence From An Electricity Pricing Program	34
Should Robots Be Taxed?	34
Abatement Strategies and the Cost of Environmental Regulation: Emission Standards on the European Car Market	33
The Macroeconomics of Microfinance	33
The Impact of Immigration on Wages, Internal Migration, and Welfare	32
Long-Term Effects of Childhood Nutrition: Evidence from a School Lunch Reform	32
A Theory of Foreign Exchange Interventions	31
Monetary Policy and the Predictability of Nominal Exchange Rates	31
Shocking Racial Attitudes: Black G.I.s in Europe	30
Spatial Equilibrium, Search Frictions, and Dynamic Efficiency in the Taxi Industry	30
Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications	30
Diversion in the Criminal Justice System	30
Optimal Automatic Stabilizers	29
Identifying Shocks via Time-Varying Volatility	29
Skill-Biased Structural Change	27
The Cost of Job Loss	27
Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics	26
The Equilibrium Impact of Agricultural Risk on Intermediate Inputs and Aggregate Productivity	26
Are High-Interest Loans Predatory? Theory and Evidence from Payday Lending	25
Multiple Equilibria in Open Economies with Collateral Constraints	25
The Welfare Effects of Transportation Infrastructure Improvements	25
Forbidden Fruits: The Political Economy of Science, Religion, and Growth	25
The Gift of Moving: Intergenerational Consequences of a Mobility Shock	24
Monetary Policy for a Bubbly World	24
Carbon Taxes and Climate Commitment with Non-constant Time Preference	23
Improving Management with Individual and Group-Based Consulting: Results from a Randomized Experiment in Colombia	23
Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis	23
Central Bank Swap Lines: Evidence on the Effects of the Lender of Last Resort	23
Stability, Strategy-Proofness, and Cumulative Offer Mechanisms	22
Affordable Housing and City Welfare	21
Social Connectedness and Local Contagion	21
Roman Transport Network Connectivity and Economic Integration	21
Slicing the Pie: Quantifying the Aggregate and Distributional Effects of Trade	21
Building the City: From Slums to a Modern Metropolis	20
Heads or Tails: The Impact of a Coin Toss on Major Life Decisions and Subsequent Happiness	19
The Value of Unemployment Insurance	19
Who Chooses Commitment? Evidence and Welfare Implications	19
Shadow Banking and the Four Pillars of Traditional Financial Intermediation	18
The Cyclicality of Sales and Aggregate Price Flexibility	18
Tax Policy and Lumpy Investment Behaviour: Evidence from China’s VAT Reform	18

The Aggregate Implications of Mergers and Acquisitions	18
On “Trade Induced Technical Change: The Impact of Chinese Imports on Innovation, IT, and Productivity”	18
Exchange Rate Exposure and Firm Dynamics	18
IQ, Expectations, and Choice	18
When Is Pure Bundling Optimal?	18
Firm Heterogeneity in Consumption Baskets: Evidence from Home and Store Scanner Data	18
Measuring the Incentive to Collude: The Vitamin Cartels, 1990–99	18
Haste or Waste? Peer Pressure and Productivity in the Emergency Department	18
Likelihood Ratio-Based Tests for Markov Regime Switching	17
Globalization, Gender, and the Family	17
Augmenting Markets with Mechanisms	17
Germs, Social Networks, and Growth	17
Motivational Ratings	17
Collateral Booms and Information Depletion	16
The Revelation Principle in Multistage Games	16
Voluntary Disclosure and Personalized Pricing	16
Global Imbalances and Policy Wars at the Zero Lower Bound	16
Racial Diversity and Racial Policy Preferences: The Great Migration and Civil Rights	16
The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation	16
A Theory of Strategic Uncertainty and Cultural Diversity	16
Data-intensive Innovation and the State: Evidence from AI Firms in China	15
Migration and Informal Insurance: Evidence from a Randomized Controlled Trial and a Structural Model	15
Opinions as Facts	15
A Theory of Narrow Thinking	15
Liquidity and Exchange Rates: An Empirical Investigation	15
Conventions under Heterogeneous Behavioural Rules	15
What is a Good School, and Can Parents Tell? Evidence on the Multidimensionality of School Output	15
Development Projects and Economic Networks: Lessons from Rural Gambia	15
Browsing versus Studying: A Pro-market Case for Regulation	14
Informational Herding, Optimal Experimentation, and Contrarianism	14
Liquidity Risk and Long-Term Finance: Evidence from a Natural Experiment	14
Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Income Risk	14
Are Marriage-Related Taxes and Social Security Benefits Holding Back Female Labour Supply?	14
Trade Finance and the Durability of the Dollar	14
The Impact of Car Pollution on Infant and Child Health: Evidence from Emissions Cheating	14
Learning from House Prices: Amplification and Business Fluctuations	14
Measuring Ex Ante Welfare in Insurance Markets	14
Dynastic Precautionary Savings	14
Disease Control and Inequality Reduction: Evidence from a Tuberculosis Testing and Vaccination Campaign	14
The Design of Teacher Assignment: Theory and Evidence	14
Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data	14
Winning by Default: Why is There So Little Competition in Government Procurement?	13
Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right	13
Liquidity Constraints in the U.S. Housing Market	13
Workforce Composition, Productivity, and Labour Regulations in a Compensating Differentials Theory of Informality	13
Fiscal Multipliers and Foreign Holdings of Public Debt	13
Stochastic Revealed Preferences with Measurement Error	13
All-Pay Oligopolies: Price Competition with Unobservable Inventory Choices	12
Recoverability and Expectations-Driven Fluctuations	12
The U.K. as a Technological Follower: Higher Education Expansion and the College Wage Premium	12
The Origins of Violence in Rwanda	12
The Union Threat	12
Recovering Investor Expectations from Demand for Index Funds	12
Firm Dynamics, On-the-Job Search, and Labor Market Fluctuations	12
Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program	12
Investments in social ties, risk sharing, and inequality	11
Market Power in Neoclassical Growth Models	11
Testing the Production Approach to Markup Estimation	11
Cupid’s Invisible Hand: Social Surplus and Identification in Matching Models	11
The Returns to Nursing: Evidence from a Parental-Leave Program	11
How Efficient are Decentralized Auction Platforms?	11
Seawalls and Stilts: A Quantitative Macro Study of Climate Adaptation	11
The Cutoff Structure of Top Trading Cycles in School Choice	11
Multi-asset Noisy Rational Expectations Equilibrium with Contingent Claims	11
Revisiting Event-Study Designs: Robust and Efficient Estimation	11
Fragile Self-Esteem	10
Killer Incentives: Rivalry, Performance and Risk-Taking among German Fighter Pilots, 1939–45	10
Rules without Commitment: Reputation and Incentives	10
Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation	10
Estimation of Discrete Games with Weak Assumptions on Information	10
Variation Margins, Fire Sales, and Information-constrained Optimality	10
How Do Inheritances Shape Wealth Inequality? Theory and Evidence from Sweden	10
Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets	10
Welfare and Redistribution in Residential Electricity Markets with Solar Power	10
Optimal Environmental Targeting in the Amazon Rainforest	10
Subsidizing Labour Hoarding in Recessions: The Employment and Welfare Effects of Short-time Work	9
Identifying the Costs of a Public Health Success: Arsenic Well Water Contamination and Productivity in Bangladesh	9
Only Time Will Tell: A Theory of Deferred Compensation	9
The Real Effects of Monetary Expansions: Evidence from a Large-scale Historical Experiment	9
Hazed and Confused: The Effect of Air Pollution on Dementia	9

Coordination and Continuous Stochastic Choice	9
Social Positions and Fairness Views on Inequality	9
Endogenous Agency Problems and the Dynamics of Rents	9
Interventions and Cognitive Spillovers	9
Conditional Superior Predictive Ability	9
Inference with Many Weak Instruments	9
Tax Advantages and Imperfect Competition in Auctions for Municipal Bonds	8
A Theory of Participation in OTC and Centralized Markets	8
Currency Choice in Contracts	8
Belief Convergence under Misspecified Learning: A Martingale Approach	8
Hours Constraints, Occupational Choice, and Gender: Evidence from Medical Residents	8
Robust Mechanism Design of Exchange	8
Informational Robustness in Intertemporal Pricing	8
Fiscal Rules as Bargaining Chips	8
Moral Universalism and the Structure of Ideology	8
A Theory of Falling Growth and Rising Rents	8
The Emergence of Market Structure	8
Concentration Bias in Intertemporal Choice	8
Confidence and the Propagation of Demand Shocks	8
Estimating Intergenerational and Assortative Processes in Extended Family Data	7
A Risk-based Theory of Exchange Rate Stabilization	7
An Information-based Theory of Financial Intermediation	7
An Equilibrium Analysis of the Long-Term Care Insurance Market	7
Redeemable Platform Currencies	7
Coordinated Capacity Reductions and Public Communication in the Airline Industry	7
Unemployment Insurance in Macroeconomic Stabilization	7
Informal Risk Sharing with Local Information	7
Product Life Cycle, Learning, and Nominal Shocks	7
Prizes versus Contracts as Incentives for Innovation	7
Patent Screening, Innovation, and Welfare	7
Adverse Selection in the Marriage Market: HIV Testing and Marriage in Rural Malawi	7
Consumer Search and Prices in the Automobile Market	6
Patience and Comparative Development	6
Time Consistency and Duration of Government Debt: A Model of Quantitative Easing	6
Entrepreneurial Human Capital and Firm Dynamics	6
Folk Theorem in Repeated Games with Private Monitoring	6
When Less is More: Improving Choices in Health Insurance Markets	6
Matching with Externalities	6
Managerial Quality and Productivity Dynamics	6
We Are All Behavioural, More, or Less: A Taxonomy of Consumer Decision-Making	6
Signalling to Experts	6
A Theory of Monetary Union and Financial Integration	6
Intelligence, Errors, and Cooperation in Repeated Interactions	6
Instrument-Based versus Target-Based Rules	5
A Welfare Analysis of Occupational Licensing in U.S. States	5
Income Growth and the Distributional Effects of Urban Spatial Sorting	5
A World Equilibrium Model of the Oil Market	5
Optimal Auctions: Non-expected Utility and Constant Risk Aversion	5
Balance Sheet Channel with Information-Trading Frictions in Secondary Markets	5
Managerial Delegation, Law Enforcement, and Aggregate Productivity	5
Lending Relationships and Optimal Monetary Policy	5
Measuring Unfair Inequality: Reconciling Equality of Opportunity and Freedom from Poverty	5
Using Bid Rotation and Incumbency to Detect Collusion: A Regression Discontinuity Approach	5
Inference for Ranks with Applications to Mobility across Neighbourhoods and Academic Achievement across Countries	5
Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations	5
Simple Adaptive Size-Exact Testing for Full-Vector and Subvector Inference in Moment Inequality Models	5