scholarly journals American Economic Review

2021 ◽  
Vol 111 ◽  
pp. 669-685
Keyword(s):  
American Economic Review

Media Bias in der internationalen ökonomischen Forschung - Ein Literaturüberblick

2016 ◽  
Vol 13 (2) ◽  
pp. 24-37
Author(s):  
Christian-Mathias Wellbrock
Keyword(s):  
Media Bias ◽  
American Economic Review ◽  
Quarterly Journal

Das Thema der verzerrten Medienberichterstattung wird in der ökonomischen Literatur meist unter dem Begriff „Media Bias“ zusammengefasst. Der Beitrag gibt einen Überblick zum Stand der Forschung über Definitionen, Formen, Ursachen, Ansätze zur Messung sowie Folgen von Media Bias. Der Fokus liegt dabei auf hochrangigen internationalen wissenschaftlichen Fachzeitschriften im Bereich der Ökonomik, die in der letzten Dekade eine Vielzahl an Studien unmittelbar zu diesem Thema veröffentlicht haben (u. a. American Economic Review, Quarterly Journal of Economics). Über den Bericht des aktuellen Forschungsstands hinaus identifiziert der Beitrag thematische Schwerpunkte und zentrale Herausforderungen der bisherigen Forschung und benennt Felder für zukünftige Forschung.

The non-linear effects of the Fed asset purchases

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Alessio Anzuini
Keyword(s):  
Financial Markets ◽  
Large Scale ◽  
Balance Sheet ◽  
Monetary Economics ◽  
American Economic Review ◽  
Vector Autoregressive ◽  
Portfolio Balance ◽  
State Dependent ◽  
Linear Effects ◽  
Asset Purchases

Abstract The Federal Reserve responded to the great financial crisis deploying new monetary policy tools, the most notable of which being the expansion of its balance sheet. In a recent paper, Weale, M., and T. Wieladek. 2016. “What Are the Macroeconomic Effects of Asset Purchases?” Journal of Monetary Economics 79 (C): 81–93 show that the asset purchases were effective in stimulating economic activity as well as inflation and asset prices. Here I show that their results are state dependent: large scale asset purchase are effective only when financial markets are impaired. Financial markets are under stress when the effective risk-bearing capacity of the financial sector is drastically reduced, i.e. when the excess bond premium (EBP) of Gilchrist, S., and E. Zakrajšek. 2012. “Credit Spreads and Business Cycle Fluctuations.” The American Economic Review 102 (4): 1692–72 exceed a certain threshold. Using an estimated threshold vector autoregressive model conditional on the EBP regime, I show that an increase in the balance sheet has expansionary effects on GDP and inflation when EBP is high, but not when it is low (as its effects become mostly insignificant). I argue that the high EBP can be interpreted as a proxy of market dis-functioning so that only when this channel of transmission is on, the unconventional policy is particularly effective. This suggests that models of transmission of unconventional policies, based on asset purchases, should focus also on the market functioning channel and not only on the portfolio balance one.

scholarly journals APPLICATION OF AN ADAPTIVE STEP-SIZE ALGORITHM IN MODELS OF HYPERINFLATION

2012 ◽  
Vol 16 (S3) ◽  
pp. 355-375 ◽  
Author(s):  
Olena Kostyshyna
Keyword(s):  
New York ◽  
Mean Squared Error ◽  
American Economic Review ◽  
Sufficient Information ◽  
Recursive Algorithms ◽  
Time Varying ◽  
Step Size ◽  
Adaptive Step Size ◽  
Squared Error ◽  
Adaptive Step

An adaptive step-size algorithm [Kushner and Yin,Stochastic Approximation and Recursive Algorithms and Applications, 2nd ed., New York: Springer-Verlag (2003)] is used to model time-varying learning, and its performance is illustrated in the environment of Marcet and Nicolini [American Economic Review93 (2003), 1476–1498]. The resulting model gives qualitatively similar results to those of Marcet and Nicolini, and performs quantitatively somewhat better, based on the criterion of mean squared error. The model generates increasing gain during hyperinflations and decreasing gain after hyperinflations end, which matches findings in the data. An agent using this model behaves cautiously when faced with sudden changes in policy, and is able to recognize a regime change after acquiring sufficient information.

The American Economic Review

2009 ◽  
Vol 99 (5) ◽  
pp. i-vi ◽  
Keyword(s):  
American Economic Review

The front matter of the December 2009 issue contains the Table of Contents.

The American Economic Review

2013 ◽  
Vol 103 (4) ◽  
pp. i-viii ◽  
Keyword(s):  
American Economic Review

The front matter of the June 2013 issue contains the Table of Contents

Page Limits on Economics Articles: Evidence from Two Journals

2014 ◽  
Vol 28 (3) ◽  
pp. 149-168 ◽  
Author(s):  
David Card ◽  
Stefano DellaVigna
Keyword(s):  
Average Length ◽  
American Economic Review ◽  
Competitive Market ◽  
Monopoly Power ◽  
Median Length ◽  
European Economic ◽  
The Past ◽  
Economic Association ◽  
Economic Journals ◽  
Page Limit

Over the past four decades the median length of the papers published in the “top five” economic journals has grown by nearly 300 percent. We study the effects of a page limit policy introduced by the American Economic Review (AER) in mid-2008 and subsequently adopted by the Journal of the European Economic Association (JEEA) in 2009. We find that the imposition of a 40-page limit on submissions led to no change in the flow of new papers to the AER. Instead, authors responded by shortening and reformatting their papers. For JEEA, in contrast, we conclude that the page-limit policy led authors of longer papers to submit to other journals. These results imply that the AER has substantial monopoly power over submissions, while JEEA faces a very competitive market. Evidence from both journals, and from citations to published papers in the top journals, suggests that longer papers are of higher quality than shorter papers, so the loss of longer submissions at JEEA may have led to a drop in quality. Despite a modest impact of the AER's policy on the average length of submissions, the policy had little or no effect on the length of final accepted manuscripts.

The Effect of New Deal Policies Revisited

2020 ◽  
Author(s):  
Yangyang Ji
Keyword(s):  
New Deal ◽  
Aggregate Demand ◽  
American Economic Review ◽  
Supply Side ◽  
Natural Rate ◽  
Jel Codes ◽  
The Great Depression ◽  
Us Economy ◽  
The Us ◽  
The New Deal

Abstract Eggertsson (2012, American Economic Review, 102, 524–55) finds that when the nominal interest rate hits the zero lower bound, the aggregate demand (AD) curve becomes upward-sloping and supply-side policies that reduce the natural rate of output, such as the New Deal implemented in the 1930s, are expansionary. His analysis is restricted to a conventional equilibrium where the AD curve is steeper than the aggregate supply (AS) curve. Recent research, however, demonstrates that an alternative equilibrium arises if the AD curve is flatter than the AS curve. In that case, the same policies become contractionary. In this article, I allow for both possibilities, and let data decide which equilibrium the US economy actually resided in during the Great Depression. Following the work of Blanchard and Quah (1989, American Economic Review, 79, 655–73), I find that there is a high probability that New Deal policies were contractionary. (JEL codes: E32, E52, E62, N12).

scholarly journals Apprendre à regarder pour voir

lieuxdits ◽  
2011 ◽  
pp. 13-17
Author(s):  
Joëlle Houdé ◽  
Damien Claeys
Keyword(s):  
Decision Making ◽  
Behavioral Science ◽  
Le Corbusier ◽  
American Economic Review

/ Citation : Joëlle Houdé et Damien Claeys, "Apprendre à regarder pour voir", lieuxdits#1, UCLouvain - Louvain-la-Neuve : Faculté LOCI, juin 2011, pp.13-17. Bibliographie I. Ramonet, Propagandes silencieuses, Paris : Gallimard, 2004. E. Husserl, Méditations cartésiennes, II, 14, Paris : PUF, 2004 (Rééd. 1950) J.-J. Wittezaele, L’homme rela- tionnel, Paris : Seuil (Coll. : Couleur psy), 2003 R. Van Durme, Bruxelles, 2007 N. Rase, Bruxelles, 2010 W. Benjamin, « Petite histoire de la photographie » in L’homme, le langage, la culture, Paris : Denoël C. Honoré, Éloge de la lenteur, Paris : Marabout, 2005 H. Gaudin, Pour trait, Colloque du Centenaire Du dessein au dessin, Bruxelles : La lettre volée, (Coll. : Essais), 2007 Le Corbusier, L’Atelier de la Recherche Patiente, Paris : Vincent, Fréal et Cie, 1960 Assouline P., Cartier-Bresson, L’œil du siècle, Paris : Gallimard, 2001 H. Cartier-Bresson, "L’instant décisif ", in Images à la sauvette, Paris : Verve,1952 H. Gaudin, Pour trait, Colloque du Centenaire Du dessein au dessin, Bruxelles : La lettre volée, (Coll. : Essais), 2007 Ludovic Blanckaert & Adrien Verschuere, "Pierre Von Meiss, Interview" in Drese J. (Dir.), Les cahiers de l’architecture, ISA Saint- Luc de Tournai, n°14 A. Lemaire, Autriche, 2008 M. Fabre, Autriche, 2008 J.-P. Durand, "Entretien avec Luigi Snozzi", La représentation du projet, Paris : La Villette, 2003 Architecture Saint-Luc Bruxelles 2000- 1, Bruxelles : ARC, 1999, p.15 Ch. Duboux, Le dessin comme langage, Lausanne : PPUR, 2009 Le Corbusier, Le dessin comme outil, catalogue d’exposition, Lyon : Fage, 2006 Th. de Quirini , Liège, mention bac 1, 2010 S.Beuzart, Cologne, 1er prix bac 1, 2010 O. Julienne, Figino et environs, 1er prix bac 2, 2010 H. Cartier-Bresson, "L’ins- tant décisif ", in Images à la sauvette, Paris : Verve, 1952 G. Bachelard, La formation de l’esprit scientifique, Paris : Vrin, 1938 (Rééd. 2004) A. Machado, Champs de Castille, Paris : Gallimard, 1973 (Rééd. 1936, p. 205) D. Duchemin, L’ âme du photo- graphe, Paris : Pearson, 2004 Cartier-Bresson H., op. cit., Paris : Verve, 1952 D. Duchemin, L’âme du pho- tographe, Paris : Pearson, 2004. H. Simon, "Theories of Decision-Making in economics and Behavioral Science", American Economic Review, 49, n° 1, 1959

The American Economic Review

2013 ◽  
Vol 103 (1) ◽  
pp. i-vi ◽  
Keyword(s):  
American Economic Review

The front matter of the February 2013 issue contains the Table of Contents

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