Economic Inquiry最新文献

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Financial suicide: Debt and death across US counties during the Great Recession 金融自杀:大衰退期间美国各县的债务和死亡
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-10-09 Epub Date: 2026-07-22 DOI: 10.1111/ecin.70077
Scott Abrahams, Bulent Unel
{"title":"Financial suicide: Debt and death across US counties during the Great Recession","authors":"Scott Abrahams,&nbsp;Bulent Unel","doi":"10.1111/ecin.70077","DOIUrl":"https://doi.org/10.1111/ecin.70077","url":null,"abstract":"<p>Exploiting variation in debt-to-income ratios across US counties at the onset of the Great Recession, we investigate the impact of debt exposure on suicide. We find that more indebted counties saw a significant rise in suicide rates, with effects double for men and triple among adults ages 40–64. These patterns align with financial responsibilities: men are primary borrowers on mortgages, and middle-aged adults hold the most secured debt. The impact of debt on suicide behavior, with annual costs of several billion dollars, underscores the welfare implications of inflexible household debt instruments.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 4","pages":"1209-1229"},"PeriodicalIF":1.5,"publicationDate":"2026-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149125832","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Can zoning reform reduce housing costs? Evidence from rents in Auckland 分区改革能降低住房成本吗?证据来自奥克兰的房租
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-10-09 Epub Date: 2026-07-11 DOI: 10.1111/ecin.70075
Ryan Greenaway-McGrevy, Yun So
{"title":"Can zoning reform reduce housing costs? Evidence from rents in Auckland","authors":"Ryan Greenaway-McGrevy,&nbsp;Yun So","doi":"10.1111/ecin.70075","DOIUrl":"https://doi.org/10.1111/ecin.70075","url":null,"abstract":"<p>Zoning reform is increasingly advocated to redress unaffordable housing, but few real-world examples demonstrate its efficacy. However, Auckland recently upzoned approximately three-quarters of its residential land, precipitating a housing construction boom. We investigate whether the reform reduced housing costs, adopting a synthetic control method to estimate rental prices in Auckland under the counterfactual of no zoning change. Eight years after the reform, the synthetic control under our preferred empirical specification implies that rents decreased by 23% due to the reform. These findings are robust across a range of specifications and support the proposition that widespread upzoning can enhance housing affordability.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 4","pages":"1393-1433"},"PeriodicalIF":1.5,"publicationDate":"2026-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.70075","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149125754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Helicopter drops in an open economy when markets are incomplete 在一个市场不完整的开放经济体中,直升机降落
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-10-09 Epub Date: 2026-06-20 DOI: 10.1111/ecin.70072
Sara Eugeni
{"title":"Helicopter drops in an open economy when markets are incomplete","authors":"Sara Eugeni","doi":"10.1111/ecin.70072","DOIUrl":"https://doi.org/10.1111/ecin.70072","url":null,"abstract":"<p>We characterize the spillover effects of helicopter drops and optimal monetary policy in a tractable two-country overlapping generations model with incomplete markets. As helicopter drops can affect the distribution of income across countries, they create room for redistribution policies which are particularly relevant when agents are heterogeneous and markets are incomplete. Under cooperation, central banks can implement the conditionally Pareto optimal allocation using helicopter drops (and suctions) to “lean against the wind.” In a non-cooperative setting, helicopter drops exacerbate the incomplete markets' friction by making income more volatile. This paves the way for gains from cooperation.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 4","pages":"1493-1523"},"PeriodicalIF":1.5,"publicationDate":"2026-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.70072","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149125792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Inflation, innovation, and technology transfer in an open economy with variety expansion 通货膨胀、创新和技术转移在开放经济中的多样性扩张
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-10-09 Epub Date: 2026-08-13 DOI: 10.1111/ecin.70082
Hung-Ju Chen, Hao Guo, Chien-Yu Huang, Yibai Yang
{"title":"Inflation, innovation, and technology transfer in an open economy with variety expansion","authors":"Hung-Ju Chen,&nbsp;Hao Guo,&nbsp;Chien-Yu Huang,&nbsp;Yibai Yang","doi":"10.1111/ecin.70082","DOIUrl":"https://doi.org/10.1111/ecin.70082","url":null,"abstract":"<p>This study explores the cross-country effects of inflation on innovation and technology transfer in a North–South variety-expansion model. We find that higher southern inflation causes a permanent increase in the North–South relative wage ratio, a temporary decrease in the northern innovation rate, and a permanent decrease in technology transfer. Higher northern inflation causes a permanent decrease in the North–South relative wage ratio, a temporary decrease in the northern innovation rate, and a permanent decrease (increase) in technology transfer if the southern population is sufficiently small (large). We calibrate the model to the China–US data to justify the model implications.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 4","pages":"1524-1559"},"PeriodicalIF":1.5,"publicationDate":"2026-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149125915","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
International knowledge diffusion and productivity growth in a cash-in-advance economy 预付现金经济中的国际知识扩散与生产率增长
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-10-09 Epub Date: 2026-08-12 DOI: 10.1111/ecin.70083
Colin Davis, Ken-ichi Hashimoto
{"title":"International knowledge diffusion and productivity growth in a cash-in-advance economy","authors":"Colin Davis,&nbsp;Ken-ichi Hashimoto","doi":"10.1111/ecin.70083","DOIUrl":"https://doi.org/10.1111/ecin.70083","url":null,"abstract":"<p>This paper investigates how cash-in-advance (CIA) constraints on firm's production and innovation decisions affect the long-run relationship between monetary policy and innovation-based economic growth in an open economy. Firms produce differentiated goods and invest in process innovation to reduce production costs. With imperfect knowledge diffusion across countries, the country with the greater share of industry has relatively productive firms. When innovation has a stricter CIA requirement than production, higher nominal interest rates in the country with the larger (smaller) industrial share reduce (increase) productivity growth. We also examine how improved knowledge diffusion affects optimal nominal interest rate policy.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 4","pages":"1281-1302"},"PeriodicalIF":1.5,"publicationDate":"2026-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149125934","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Business dynamism, reallocation, and growth: Evidence from China 商业活力、再配置与增长:来自中国的证据
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-10-09 Epub Date: 2026-07-28 DOI: 10.1111/ecin.70078
Wenhan Liu, Ruiwen Liu, Junqian Wu, Ying Wang
{"title":"Business dynamism, reallocation, and growth: Evidence from China","authors":"Wenhan Liu,&nbsp;Ruiwen Liu,&nbsp;Junqian Wu,&nbsp;Ying Wang","doi":"10.1111/ecin.70078","DOIUrl":"https://doi.org/10.1111/ecin.70078","url":null,"abstract":"<p>This study presents an empirical investigation regarding the role of business dynamism (BD) in driving economic development. The results reveal that BD has an escape-competition (positive) effect and the Schumpeterian (negative) effect on incumbent firms. Mechanism analysis indicates that market competition, innovation intensity, and knowledge spillover are the channels through which BD affects incumbent firms. Moreover, the impact of reallocation is heterogeneous among city's market entry barriers and enterprise type. A decomposition analysis demonstrates that the contribution of BD to incumbents' aggregate productivity growth exhibits a steady increase over time, and this decomposition result aligns with theoretical predictions.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 4","pages":"1363-1392"},"PeriodicalIF":1.5,"publicationDate":"2026-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149125798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Alumni relationships and judicial bias 校友关系和司法偏见
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-10-09 Epub Date: 2026-08-19 DOI: 10.1111/ecin.70080
Tianwang Liu, David Zhang
{"title":"Alumni relationships and judicial bias","authors":"Tianwang Liu,&nbsp;David Zhang","doi":"10.1111/ecin.70080","DOIUrl":"https://doi.org/10.1111/ecin.70080","url":null,"abstract":"<p>We examine whether law school alumni relationships between lawyers and judges are correlated with case outcomes. We show that, in the context of medical malpractice lawsuits filed in Florida, having a plaintiff's attorney who attended the same law school as a randomly assigned judge increases the chances of recovery by about 2 percentage points. We further show that the effect is more pronounced between lawyers and judges with a larger age gap, consistent with an age-dependent effect. Our results suggest that case outcomes can be biased when lawyers and judges are part of the same affinity group.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 4","pages":"1161-1182"},"PeriodicalIF":1.5,"publicationDate":"2026-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149125920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
The effects of salary history bans on wages, hiring, and wage gaps 工资历史对工资、招聘和工资差距的影响
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-07-05 Epub Date: 2026-05-05 DOI: 10.1111/ecin.70065
Marc Gürtler, Oliver Gürtler
{"title":"The effects of salary history bans on wages, hiring, and wage gaps","authors":"Marc Gürtler,&nbsp;Oliver Gürtler","doi":"10.1111/ecin.70065","DOIUrl":"https://doi.org/10.1111/ecin.70065","url":null,"abstract":"<p>This paper provides a theoretical analysis of salary history bans, which prohibit firms from inquiring about applicants' prior wages. When salary histories are banned, firms cannot tailor their wage offers to the applicants' prior wages and thus offer the same wage to each group of workers. While this benefits relatively low earners, the wage gap between groups may widen. Salary history bans also affect (young) workers' behavior in initial negotiations, where they act less aggressively and demand lower wages. Finally, salary history bans are shown to reduce worker turnover, but to increase the hiring of younger workers.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 3","pages":"916-930"},"PeriodicalIF":1.5,"publicationDate":"2026-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.70065","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148389217","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Macroeconomic forecasting during recessions and expansions in the US and the euro area 美国和欧元区经济衰退和扩张期间的宏观经济预测
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-07-05 Epub Date: 2026-05-05 DOI: 10.1111/ecin.70067
Jan Čapek, Jakub Chalmovianský, Vlastimil Reichel
{"title":"Macroeconomic forecasting during recessions and expansions in the US and the euro area","authors":"Jan Čapek,&nbsp;Jakub Chalmovianský,&nbsp;Vlastimil Reichel","doi":"10.1111/ecin.70067","DOIUrl":"https://doi.org/10.1111/ecin.70067","url":null,"abstract":"<p>This study systematically evaluates forecasting performance of 11 Dynamic Stochastic General Equilibrium (DSGE) and 2 Bayesian Vector Autoregression (BVAR) models during recessions and expansions in the US and the euro area. Results show that no single model dominates: parsimonious models perform well in stable periods and at short horizons, while richer DSGE specifications with financial frictions, flexible inflation targeting, or labor market dynamics improve forecasts during recessions. BVARs excel in interest rate forecasting, especially in expansions. Crisis-specific extensions, such as COVID-related shocks, yield temporary gains. Forecast accuracy depends on the economic state, variable, horizon, and evaluation metric, underscoring the need for a diversified, context-dependent modeling toolkit.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 3","pages":"1055-1078"},"PeriodicalIF":1.5,"publicationDate":"2026-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.70067","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148389218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Interest rate misalignments and monetary policy: Evidence from U.S. states 利率失调与货币政策:来自美国各州的证据
IF 1.5 4区 经济学
Economic Inquiry Pub Date : 2026-07-05 Epub Date: 2026-04-26 DOI: 10.1111/ecin.70064
Zo Andriantomanga, N. Kundan Kishor, Labesh Kumar
{"title":"Interest rate misalignments and monetary policy: Evidence from U.S. states","authors":"Zo Andriantomanga,&nbsp;N. Kundan Kishor,&nbsp;Labesh Kumar","doi":"10.1111/ecin.70064","DOIUrl":"https://doi.org/10.1111/ecin.70064","url":null,"abstract":"<p>We examine whether a uniform monetary policy effectively addresses diverse state-level economic conditions in the U.S. Using quarterly data from 1989 to 2017 for 33 states, we construct state-optimal interest rates based on Taylor rule frameworks incorporating local inflation and unemployment gaps. Deviations from the federal funds rate are large, persistent, and cluster regionally. Local projections show that a 1 pp positive deviation is associated with a 0.6 pp decline in headline inflation and an increase in unemployment, with the strongest effects in non-tradable sectors. State-specific deviation shocks elicit larger and longer-lasting responses than aggregate shocks, underscoring the importance of cross-sectional heterogeneity.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"64 3","pages":"1026-1054"},"PeriodicalIF":1.5,"publicationDate":"2026-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148389121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
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