European Economic Review最新文献

Optimal banking regulation and monetary policy 最优银行监管和货币政策

IF 2.4 2区经济学

European Economic Review Pub Date : 2025-07-29 DOI: 10.1016/j.euroecorev.2025.105110

Tai-Wei Hu , Yiting Li , Yilei Liu

引用次数: 0

The interactions of social norms about climate change: Science, institutions and economics 关于气候变化的社会规范的相互作用：科学、制度和经济学

IF 2.4 2区经济学

European Economic Review Pub Date : 2025-07-29 DOI: 10.1016/j.euroecorev.2025.105107

Antonio Cabrales , Manu García , David Ramos Muñoz , Angel Sánchez

{"title":"The interactions of social norms about climate change: Science, institutions and economics","authors":"Antonio Cabrales , Manu García , David Ramos Muñoz , Angel Sánchez","doi":"10.1016/j.euroecorev.2025.105107","DOIUrl":"10.1016/j.euroecorev.2025.105107","url":null,"abstract":"<div><div>We study the evolution of interest in climate change among different actors within the population and how the interest of these actors affects one another. Our first contribution is to measure interest among the general public, the European Parliament, central banks, general interest science journals, and economics journals by creating a Climate Change Index (CCI) based on mentions of climate change in these domains. We also provide a game-theoretic network model of cross-influences between the actors in the economy. The model gives a prediction of the interactions between sectors related to the mutual interests embedded in the model parameters. We then estimate these parameters using a Vector Autoregression (VAR). The main results are that except for general interest science journals, the index for all other domains has started showing significant values only recently, and it tends to fluctuate considerably over time. In terms of influence, the European Parliament and the media affect one another, but the trend in science remains relatively independent of the others.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"178 ","pages":"Article 105107"},"PeriodicalIF":2.4,"publicationDate":"2025-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144724485","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Monetary policy across inflation regimes 通货膨胀制度下的货币政策

IF 2.4 2区经济学

European Economic Review Pub Date : 2025-07-26 DOI: 10.1016/j.euroecorev.2025.105109

Valeria Gargiulo , Christian Matthes , Katerina Petrova

引用次数: 0

On the instability of fractional reserve banking 论部分准备金银行制度的不稳定性

IF 2.8 2区经济学

European Economic Review Pub Date : 2025-07-25 DOI: 10.1016/j.euroecorev.2025.105111

Heon Lee

引用次数: 0

Measuring social norm variation across contexts: Replication and comparison to alternative methods 测量社会规范在不同背景下的变化：对替代方法的复制和比较

IF 2.4 2区经济学

European Economic Review Pub Date : 2025-07-22 DOI: 10.1016/j.euroecorev.2025.105097

David Huffman , Garrett Kohno , Pauline Madiès , Spencer Vogrinec , Stephanie W. Wang , Dhwani Yagnaraman

{"title":"Measuring social norm variation across contexts: Replication and comparison to alternative methods","authors":"David Huffman , Garrett Kohno , Pauline Madiès , Spencer Vogrinec , Stephanie W. Wang , Dhwani Yagnaraman","doi":"10.1016/j.euroecorev.2025.105097","DOIUrl":"10.1016/j.euroecorev.2025.105097","url":null,"abstract":"<div><div>Studying social norms and how they vary in different contexts requires reliable measurements. We revisit the seminal Krupka and Weber (KW 2013) norm elicitation method and assess the importance of two dimensions of eliciting norms — first, whether to use the KW coordination game method or an alternative, two-stage method that directly elicits first-order or second-order beliefs about social appropriateness, and second, whether to use financial incentives. We replicate KW’s main finding of a qualitative difference in norms between the dictator game and a re-framed version that involves potentially taking money: KW and all other methods show that taking money is less socially appropriate than giving money, holding outcomes fixed and regardless of the presence of monetary incentives. However, we find that the difference in elicited social appropriateness between the two versions of the dictator game varies across methods, with elicited first-order beliefs exhibiting the largest gap in social appropriateness and KW exhibiting the smallest gap. One possible explanation is that strategic uncertainty and complexity in the KW method may attenuate sensitivity of the measure to differences in norms across contexts. A comprehension check reveals that about half of the KW participants initially misunderstood the task, and a prediction exercise reveals that first-order beliefs yield the best predictive power over actual behavior in simple dictator games. One implication is that first-order beliefs could be a simple alternative measure for capturing norm differences across contexts, with good predictive power. A caveat, however, is that first-order beliefs might be more subject to social desirability bias in settings with controversial or pluralistic norms.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"178 ","pages":"Article 105097"},"PeriodicalIF":2.4,"publicationDate":"2025-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144722552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

(Re)Evaluating recent macroeconomic policy in the US （再）评估美国近期的宏观经济政策

IF 2.8 2区经济学

European Economic Review Pub Date : 2025-07-21 DOI: 10.1016/j.euroecorev.2025.105091

Tatiana Kirsanova , Campbell Leith , Celsa Machado , Ana Paula Ribeiro

引用次数: 0

Ways of seeing the world: Legibility in alternative institutional settings 看待世界的方式：不同制度背景下的易读性

IF 2.8 2区经济学

European Economic Review Pub Date : 2025-07-19 DOI: 10.1016/j.euroecorev.2025.105116

Christopher J. Coyne , Nathan Goodman , André Quintas

{"title":"Ways of seeing the world: Legibility in alternative institutional settings","authors":"Christopher J. Coyne , Nathan Goodman , André Quintas","doi":"10.1016/j.euroecorev.2025.105116","DOIUrl":"10.1016/j.euroecorev.2025.105116","url":null,"abstract":"<div><div>Legibility refers to the ability of people to make sense of the world. In <em>Seeing Like a State</em>, James Scott (1998) employs this concept to analyze efforts by governments to make the world legible through top-down efforts of standardization and control. State efforts to impose order often generate harms because they lack access to local experiential knowledge (<em>mētis</em>). How, then, can people make sense of the complexities of the world? This paper explores the answer to this question by considering ways of making the world legible across institutional contexts. After examining Scott’s critique of state-imposed high modernism, we consider two alternative forms of legibility—the market process and local community. In doing so, we engage the criticism that markets can also be a form of imposition and control. We highlight the importance of market contestability as a way of encouraging the use of local knowledge. Finally, we argue that political capitalism makes market outcomes more akin to state-led high modernism, impeding desirable complementarities between market discovery and <em>mētis</em>.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"178 ","pages":"Article 105116"},"PeriodicalIF":2.8,"publicationDate":"2025-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144702325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do workers or firms drive the foreign acquisition wage gap? 是工人还是公司推动了外资收购的工资差距？

IF 2.8 2区经济学

European Economic Review Pub Date : 2025-07-19 DOI: 10.1016/j.euroecorev.2025.105105

Marcus Roesch , Michiel Gerritse , Bas Karreman , Frank van Oort , Bart Loog

引用次数: 0

Warning words in a warming world: Central bank communication and climate change 全球变暖中的警告：央行沟通与气候变化

IF 2.8 2区经济学

European Economic Review Pub Date : 2025-07-19 DOI: 10.1016/j.euroecorev.2025.105101

Emanuele Campiglio , Jérôme Deyris , Davide Romelli , Ginevra Scalisi

引用次数: 0

Do firms react to monetary policy in developing countries? 企业会对发展中国家的货币政策做出反应吗？

IF 2.8 2区经济学

European Economic Review Pub Date : 2025-07-17 DOI: 10.1016/j.euroecorev.2025.105102

Djeneba Dramé , Florian Léon

{"title":"Do firms react to monetary policy in developing countries?","authors":"Djeneba Dramé , Florian Léon","doi":"10.1016/j.euroecorev.2025.105102","DOIUrl":"10.1016/j.euroecorev.2025.105102","url":null,"abstract":"<div><div>This paper examines how firms in developing countries respond to monetary policy changes, focusing on both their perceptions of credit constraints and their borrowing behavior. Using firm-level data from the World Bank Enterprise Surveys (WBES) and a newly constructed database of monetary policy changes, we employ an event study approach to analyze how managers adjust their expectations of credit access in the days following a policy intervention. We complement this with a broader analysis of how annual policy rate changes affect firms’ credit applications. Our results show that firms perceive credit access as more restrictive after a policy rate hike, but do not significantly reduce their credit applications. Instead, credit demand increases after a rate cut, highlighting an asymmetric response to monetary policy. We also find substantial heterogeneity, with firms’ sensitivity depending not only on their proximity to banks, but also on the degree of liquidity of the banking market and the degree of independence of the central bank. These results provide new insights into the transmission of monetary policy in developing countries.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"178 ","pages":"Article 105102"},"PeriodicalIF":2.8,"publicationDate":"2025-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144654048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0