European Economic Review最新文献_第2页

Housing prices propagation: A theory of spatial interactions 房价传播：空间相互作用理论

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2025-12-26 DOI: 10.1016/j.euroecorev.2025.105252

Christophe Bruneel-Zupanc , Guillaume Chapelle , Jean-Benoît Eyméoud , Etienne Wasmer

引用次数: 0

Reservoir-induced displacement and social participation: Evidence from the Spanish dictatorship 水库引起的流离失所和社会参与：来自西班牙独裁统治的证据

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2025-12-29 DOI: 10.1016/j.euroecorev.2025.105235

Laura Muñoz-Blanco

引用次数: 0

Quasi-fiscal policies in times of crisis: A high-frequency data analysis 危机时期的准财政政策：高频数据分析

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2026-01-29 DOI: 10.1016/j.euroecorev.2026.105265

Luisa Corrado , Daniela Fantozzi , Simona Giglioli

{"title":"Quasi-fiscal policies in times of crisis: A high-frequency data analysis","authors":"Luisa Corrado , Daniela Fantozzi , Simona Giglioli","doi":"10.1016/j.euroecorev.2026.105265","DOIUrl":"10.1016/j.euroecorev.2026.105265","url":null,"abstract":"<div><div>This paper investigates the macroeconomic and distributional impact of quasi-fiscal (QF) policies implemented by the Federal Reserve during the Covid-19 crisis. Using high-frequency, county-level data on consumption and employment, we distinguish between purely monetary measures — such as interest rate cuts and asset purchases — and quasi-fiscal tools like credit facilities and liquidity programs. We show that QF interventions generated faster and stronger effects on both consumption and employment compared to conventional tools, with responses materializing within two to three weeks of announcements. Moreover, we find that these effects were not evenly distributed across US counties: consumption inequality increased in the short term, with wealthier counties experiencing larger gains. We explore the underlying mechanisms and show that both asset-price-related wealth effects and credit availability through lending facilities played key roles, especially in regions with higher capital income and greater access to loans. Our findings suggest that while QF policies can act as effective stabilizers during crises, they may also exacerbate spatial inequalities in the short run, raising new questions for central bank accountability and policy design.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"184 ","pages":"Article 105265"},"PeriodicalIF":2.4,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146078288","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

Child penalties in labour market skills 儿童在劳动力市场技能方面受到惩罚

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2025-12-22 DOI: 10.1016/j.euroecorev.2025.105245

Jonas Jessen , Lavinia Kinne , Michele Battisti

引用次数: 0

The long-run effects of Fiscal Rebalancing in a heterogeneous-agent model 异质性代理模型下财政再平衡的长期效应

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2025-12-30 DOI: 10.1016/j.euroecorev.2025.105243

Christophe Cahn , Patrick Fève , Julien Matheron

引用次数: 0

Infrastructure and global value chain position: Evidence from China 基础设施与全球价值链地位：来自中国的证据

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2026-01-20 DOI: 10.1016/j.euroecorev.2025.105239

Guohao Yang

{"title":"Infrastructure and global value chain position: Evidence from China","authors":"Guohao Yang","doi":"10.1016/j.euroecorev.2025.105239","DOIUrl":"10.1016/j.euroecorev.2025.105239","url":null,"abstract":"<div><div>This paper studies the impact of transportation costs on a country’s participation in Global Value Chains (GVCs) and the consequential role of the processing producers. In doing so, I incorporate the processing production into a sequential production model <em>à la</em> Antrás and de Gortari (2020) with a multivariate Frechet distribution. My model predicts that a reduction in foreign trade costs increases the specialization of a region in exporting downstream products, and processing exports are more responsive to foreign trade costs than ordinary exports. These two predictions are consistent with the empirical facts documented by the development of the Chinese Expressway between 2000 and 2010, which serves as a natural experiment. In my welfare analysis, my model shows that a reduction in foreign transportation costs leads to a 0.4% of aggregate welfare gain, and processing exporters can explain up to 80% of this welfare gain. However, removing expressways and processing policies together results in a welfare loss of 4.82%, lower than the loss of removing expressways alone, which is 17.3%. This suggests that the implementation of the processing trade policy is not always beneficial when considering the placement of transportation infrastructure. This is because transportation infrastructure changes the relative importance of domestic and foreign markets.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"184 ","pages":"Article 105239"},"PeriodicalIF":2.4,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146078425","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

Information acquisition ahead of monetary policy announcements 在货币政策公布前获取信息

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2025-12-19 DOI: 10.1016/j.euroecorev.2025.105241

Michael Ehrmann , Paul Hubert

引用次数: 0

The early bird gets the germs? The impact of early daycare attendance on children’s health 早起的鸟儿有病菌？早托对儿童健康的影响

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2026-01-10 DOI: 10.1016/j.euroecorev.2026.105261

Mara Barschkett

{"title":"The early bird gets the germs? The impact of early daycare attendance on children’s health","authors":"Mara Barschkett","doi":"10.1016/j.euroecorev.2026.105261","DOIUrl":"10.1016/j.euroecorev.2026.105261","url":null,"abstract":"<div><div>In recent decades, the share of very young children in daycare has significantly increased in many OECD countries, including Germany. Despite the critical role of child health in development and later life success, the impact of early daycare attendance on health has received little attention in the economic literature. This study examines the effects of a substantial daycare expansion in Germany on children’s dynamic mental and physical health outcomes by age. Drawing on a unique set of administrative health records covering 90% of the German population over a ten-year period, I exploit exogenous variation in daycare attendance induced by this expansion. My findings indicate a substitution of illness spells from elementary school to the early years of daycare. Specifically, early daycare attendance is associated with a 5–6 percent increase in the prevalence of respiratory and infectious diseases, as well as healthcare consumption among children aged 1–2 years. Conversely, by elementary school age (6–10 years), the prevalence of these conditions decreases by a similar magnitude. However, I find no evidence of daycare attendance affecting mental disorders, obesity, injuries, vision problems, or healthcare costs. Additional analyses reveal earlier detection of vision problems and a reduction in obesity among children from disadvantaged backgrounds, as well as beneficial spillover effects on parents.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"184 ","pages":"Article 105261"},"PeriodicalIF":2.4,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145979067","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

Seeing and hearing is believing: The role of audiovisual communication in shaping inflation expectations 眼见为实：视听交流在塑造通胀预期中的作用

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2026-01-08 DOI: 10.1016/j.euroecorev.2025.105253

Elliott Ash, Heiner Mikosch, Alexis Perakis, Samad Sarferaz

{"title":"Seeing and hearing is believing: The role of audiovisual communication in shaping inflation expectations","authors":"Elliott Ash, Heiner Mikosch, Alexis Perakis, Samad Sarferaz","doi":"10.1016/j.euroecorev.2025.105253","DOIUrl":"10.1016/j.euroecorev.2025.105253","url":null,"abstract":"<div><div>This paper presents novel causal evidence on the effect of different communication channels employed by central banks on people’s expectations about future inflation. In a pre-registered randomized survey experiment among a representative household sample, we examine adjustment of inflation expectations when confronted with a press conference statement by the president of the European Central Bank (ECB) articulating the bank’s commitment to its 2% inflation target. We show that the medium of communication matters, holding the content of the message constant: Relative to a text transcript, audiovisual mediums strengthen updating toward the inflation target, with dynamic mediums (audio and video) being more effective than static mediums (photo). In a Bayesian updating framework, we find that audiovisual communication increases the signal gain as compared to textual communication, i.e., respondents put more weight on the information they receive. We also show that economically less-informed households (those consuming less economic news) are more responsive in updating to audiovisual mediums. Overall, our results suggest that central bank messages aimed directly at the public can help to anchor inflation expectations.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"184 ","pages":"Article 105253"},"PeriodicalIF":2.4,"publicationDate":"2026-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145979066","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

Beliefs about the gender pension gap 对性别养老金差距的看法

IF 2.4 2区经济学

European Economic Review Pub Date : 2026-04-01 Epub Date: 2026-01-08 DOI: 10.1016/j.euroecorev.2025.105244

Jana Schuetz

引用次数: 0