The Economic Journal

Stephie Fried

Layer 1: Overview This paper develops a macro heterogeneous-agent model to quantify the distributional welfare impacts of higher temperatures from climate change across income groups in the United …

Marc K Chan (University of Melbourne · Tax and Transfer Policy Institute); Cain Polidano (University of Melbourne · TTPI · ARC Centre of Excellence for Children and Families Over the LifeCourse); Ha Vu (Deakin University · TTPI); Roger Wilkins (University of Melbourne · TTPI · IZA); Andrew Carter (Australian Taxation Office); Hang To (Australian Taxation Office)

Layer 1: Overview Governments across ten-plus countries — including Australia, the United States, Germany, and New Zealand — have introduced matching schemes to encourage low- and middle-income …

Peyman Firouzi Naeim · David W Johnston · Maryam Naghsh-Nejad

Layer 1: Overview This paper examines how workplace environments shape the economic consequences that fall on mothers — but not fathers — when a child is diagnosed with cancer. The motivation is a gap …

Kjetil Storesletten · Bo Zhao · Fabrizio Zilibotti

Layer 1: Overview This paper asks why the nature of business cycles changes systematically as economies develop and shed their large agricultural sectors. The motivation is both empirical and …

Saki Bigio (University of California · Los Angeles) · Diego R Känzig (Northwestern University) · Pablo Sánchez (Northwestern University) · Conor Walsh (Columbia University)

Layer 1: Overview This paper quantifies the sources and distributional consequences of unexpected carbon price changes for European households using a money-metric welfare framework. The motivation is …

Lucas Corrêa-Dias (São Paulo School of Economics-FGV) · Jordan J Norris (New York University Abu Dhabi) · Heitor S Pellegrina (University of Notre Dame)

Layer 1: Overview Food production accounts for roughly one-third of global greenhouse gas (GHG) emissions, and richer nations contribute disproportionately through meat-intensive diets and …

Mikael Carlsson · Alex Clymo · Knut-Eric Joslin

Layer 1: Overview Carlsson, Clymo, and Joslin use Swedish manufacturing firm-level microdata for 1998–2013 to separately identify and characterize the cyclical behavior of physical productivity (TFPQ) …

Philipp Hochmuth (Oesterreichische Nationalbank); Per Krusell (Stockholm University; NBER; CEPR); Kurt Mitman (Stockholm University; CEPR; CEMFI; IZA)

Layer 1: Overview This paper investigates how the EU’s Fit-for-55 climate package will affect aggregate output and distribute its costs across the income distribution. The question matters …

Robert P Lieli (Central European University · Austria); Augusto Nieto-Barthaburu (Universidad Nacional de Tucuman · Argentina)

Layer 1: Overview This paper develops a strategic model of point forecast production in environments where the forecast itself influences the outcome being predicted — what the authors call …

Hyejoon Im (Yeungnam University · South Korea) · John McLaren (University of Virginia · USA)

Layer 1: Overview Im and McLaren (2025) ask whether globalization induces governments to weaken labor standards for workers — the so-called “race to the bottom” (RTB) hypothesis. The …

Giorgio Chiovelli (Universidad de Montevideo); Stelios Michalopoulos (Brown University · CEPR · NBER); Elias Papaioannou (London Business School · CEPR); Tanner Regan (George Washington University)

Layer 1: Overview Satellite nighttime lights (luminosity) are the dominant remote-sensing proxy for local economic conditions in low-income countries, yet their accuracy at fine spatial scales and …

Christian Bredemeier (University of Wuppertal; IZA) · Babette Jansen (University of Antwerp) · Roland Winkler (University of Antwerp; Friedrich Schiller University Jena)

Layer 1: Overview This paper proposes a novel fiscal transmission channel through which government spending expansions reduce employer monopsony power in the labor market, generating larger fiscal …

Vincenzo De Lipsis (University of Southampton; Bartlett School · UCL); Matteo Deleidi (University of Bari Aldo Moro; IIPP · UCL); Mariana Mazzucato (IIPP · UCL); Paolo Agnolucci (Bartlett School · UCL; World Bank)

Layer 1: Overview This paper estimates the dynamic macroeconomic effects of US government R&D investment using a Structural Vector Autoregressive (SVAR) framework, with an extension to a Rational …

Christiaan van der Kwaak (University of Groningen)

Layer 1: Overview When central banks pay interest on reserves — as the Federal Reserve has done since October 2008 and as is standard operating procedure today — does financing fiscal stimulus by …

Davide Debortoli · Mario Forni · Luca Gambetti · Luca Sala

Layer 1: Overview This paper measures how the inflation-unemployment tradeoff associated with monetary policy varies with both the sign of the monetary intervention (easing versus tightening) and the …

Thomas Douenne (University of Amsterdam); Albert Jan Hummel (University of Groningen); Marcelo Pedroni (Inter-American Development Bank; University of Amsterdam)

Layer 1: Overview This paper asks whether inequality and redistributive taxation should make climate policy more or less ambitious, and how optimal carbon taxes interact with optimal income taxes when …

Frédéric Docquier (LISER · Luxembourg) · Stefano Iandolo (Università degli Studi di Salerno) · Hillel Rapoport (Paris School of Economics · CEPII · LISER · CEPR) · Riccardo Turati (Universitat Autònoma de Barcelona · IZA · RFBerlin) · Gonzague Vannoorenberghe (Université catholique de Louvain)

Layer 1: Overview This paper investigates how the skill structure of globalization shocks — rather than globalization per se — drives the long-run evolution of populism across countries, making a …

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Layer 1: Overview Barro and Chari (2024) revisit the long-standing debate over optimal capital income taxation, unifying the Chamley-Judd zero-tax result, the Straub-Werning positive-tax amendment, …

Alessandra Fenizia (The George Washington University) · Nicholas Li (The George Washington University) · Luca Citino (Bank of Italy)

Layer 1: Overview This paper studies the cost-effectiveness of targeted payroll tax reductions as a tool for stimulating labor demand among marginalized workers, using a natural experiment from Italy. …

Maximilian Konradt (Imperial College London); Giacomo Mangiante (Bank of Italy)

Layer 1: Overview This paper asks whether carbon pricing through the EU Emissions Trading System (EU ETS) imposes economic costs that are unequally distributed across European regions, and whether …

Thomas Bourany (Columbia University · USA) · Jordan Rosenthal-Kay (Federal Reserve Bank of San Francisco · USA)

Layer 1: Overview This paper asks who wins and loses from climate policies — carbon taxes, renewable subsidies, and carbon tariffs — across 193 heterogeneous countries, and by how much. The motivation …

Julián Costas-Fernández (University of Surrey · UK); José-Alberto Guerra (Universidad de los Andes · Colombia); Myra Mohnen (University of Ottawa and CEP LSE · Canada)

Layer 1: Overview This paper asks whether proximity to transport infrastructure can sever the occupational tie between parents and children — a question with direct bearing on the debate over …

Sarah Sander (University of Copenhagen)

Layer 1: Overview This paper estimates the causal effects of universal daycare access on mothers’ labor force participation, full-time employment, hours worked, and earnings across 34 years …

Melanie Wallskog (Duke University) · Nicholas Bloom (Stanford University) · Scott Ohlmacher (Federal Reserve Board) · Cristina Tello-Trillo (U.S. Census Bureau)

Layer 1: Overview This paper investigates how within-firm pay inequality relates to firm-level labor productivity, using a novel linkage of three confidential U.S. Census Bureau datasets covering …

Juan J Dolado · Etienne Lalé · Hélène Turon

Layer 1: Overview Dolado, Lalé, and Turon build a structural equilibrium model of the U.K. low-wage labour market to evaluate zero-hours contracts (ZHCs), employment agreements under which firms are …

Mathieu Pedemonte · Hiroshi Toma · Esteban Verdugo

Consumers’ inflation expectations are heterogeneous across birth cohorts and history-dependent: using panel data from the Survey of Consumer Expectations (SCE), the paper documents that each …

Xincheng Qiu · Nicoló Russo

The paper provides the most comprehensive cross-country empirical characterisation of effective income tax functions to date, estimating the two-parameter log-linear tax function — pioneered by …

Bruno Conte · Klaus Desmet · Esteban Rossi-Hansberg

Standard analyses of unilateral carbon taxes ignore the spatial reallocation of economic activity induced by the policy, leading them to overstate the costs and understate the effectiveness of such …