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Fasting and honesty: Experimental evidence from Egypt 禁食与诚信：来自埃及的实验证据
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-02-21 DOI: 10.1111/ecin.13208
Dina Rabie, Mohamed Rashwan, Rania Miniesy
{"title":"Fasting and honesty: Experimental evidence from Egypt","authors":"Dina Rabie,&nbsp;Mohamed Rashwan,&nbsp;Rania Miniesy","doi":"10.1111/ecin.13208","DOIUrl":"10.1111/ecin.13208","url":null,"abstract":"<p>This paper examines the effect of religious fasting on truth-telling using a laboratory experiment in Egypt. While fasting-induced religiosity may promote truth-telling, the physiological and psychological changes during fasting, due to alimentary abstention and self-control exertion, may reduce honesty, especially when fasting is augmented with effort. We examine this question by tracing individual truth-telling decisions, in the absence and presence of additional effort, both before and during Ramadan. We find that neither effort nor fasting alone affects honesty, but exerting effort while fasting reduces honesty. We provide suggestive evidence on the mechanisms potentially driving this negative effect on honesty.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13208","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139951788","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
Capital controls, banking competition, and monetary policy 资本管制、银行业竞争和货币政策
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-02-13 DOI: 10.1111/ecin.13205
Edgar A. Ghossoub, Andre Harrison, Robert R. Reed
{"title":"Capital controls, banking competition, and monetary policy","authors":"Edgar A. Ghossoub,&nbsp;Andre Harrison,&nbsp;Robert R. Reed","doi":"10.1111/ecin.13205","DOIUrl":"10.1111/ecin.13205","url":null,"abstract":"<p>How do capital controls and banking concentration affect economic development? This paper develops a general equilibrium model to study these important issues. To do so, we construct a framework with heterogeneous agents and imperfectly competitive financial intermediaries who help depositors manage liquidity risk. Importantly, higher levels of concentration raise the cost of domestic borrowing which increase the reliance on international capital markets. Finally, once the rate of money growth is sufficiently high, capital controls bind and the effects of monetary policy on capital formation are more pronounced.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139770395","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
Growth at risk from climate change 面临气候变化风险的增长
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-02-13 DOI: 10.1111/ecin.13206
Michael T. Kiley
{"title":"Growth at risk from climate change","authors":"Michael T. Kiley","doi":"10.1111/ecin.13206","DOIUrl":"10.1111/ecin.13206","url":null,"abstract":"<p>How will climate change affect risks to economic activity? Research on climate impacts has tended to focus on effects on the average level of economic growth. I examine whether climate change may make severe contractions in economic activity more likely using quantile regressions linking growth to temperature. The effects of temperature on downside risks to economic growth are large and robust across specifications. These results suggest the growth at risk from climate change is large—climate change may make economic contractions more likely and severe and thereby significantly impact economic and financial stability and welfare.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139770354","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
Inflation surprises in a New Keynesian economy with a “true” consumption function 具有 "真实 "消费函数的新凯恩斯主义经济中的通胀意外
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-02-08 DOI: 10.1111/ecin.13207
Roberto Tamborini
{"title":"Inflation surprises in a New Keynesian economy with a “true” consumption function","authors":"Roberto Tamborini","doi":"10.1111/ecin.13207","DOIUrl":"10.1111/ecin.13207","url":null,"abstract":"<p>The resurgence of inflation has been accompanied by a reversal of prospects of growth, with a prominent role assigned to the fall of households' purchasing power. Yet this real income effect of inflation surprises, independent of restrictive monetary policy, is not present in the standard New Keynesian models for monetary policy. The reason lies in the formulation of the consumption-based “IS equation”. The paper shows how the income effect can be introduced by reformulating the consumption function, with the consequence that it exerts an autonomus stabilization effect on inflation. The main monetary policy implications are examined by means of simulations.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139770404","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 comovements of public debt 公共债务的国际关联性
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2024-01-30 DOI: 10.1111/ecin.13204
Hasan Isomitdinov, Vladimir Arčabić, Junsoo Lee, Youngjin Yun, James E. Payne
{"title":"International comovements of public debt","authors":"Hasan Isomitdinov,&nbsp;Vladimir Arčabić,&nbsp;Junsoo Lee,&nbsp;Youngjin Yun,&nbsp;James E. Payne","doi":"10.1111/ecin.13204","DOIUrl":"10.1111/ecin.13204","url":null,"abstract":"<p>This study presents evidence of global and regional comovements in public debt and examines their trends and features. We employ a Bayesian dynamic factor model with time-varying parameters based on the debt-to-GDP ratio of 115 countries. We find the global factor accounts for 38 percent of the total variation in the debt ratio worldwide, but its share decreases over time. Countries with more financial openness and a greater share of external public debt are more exposed to global/regional comovements. The assertion that international financial integration encourages higher government borrowing applies primarily to high-income countries and it does not hold globally.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139658952","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
Not so Black and White: Interracial marriage and wages 不那么黑白分明异族通婚与工资
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2024-01-24 DOI: 10.1111/ecin.13198
Christina Houseworth, Jonathan Fisher
{"title":"Not so Black and White: Interracial marriage and wages","authors":"Christina Houseworth,&nbsp;Jonathan Fisher","doi":"10.1111/ecin.13198","DOIUrl":"10.1111/ecin.13198","url":null,"abstract":"<p>We examine wages of Black and White interracially married individuals compared to their intramarried counterparts in the United States. We find a raw interracial marriage wage penalty for White spouses and a raw interracial marriage wage premium for Black spouses. The differential disappears for females, but not for males, when controlling for selection on standard wage equation variables. Negative selection on unobservables into interracial marriage explain the White male penalty. We find a larger penalty for White males and a smaller premium for Black males in states that were forced to allow interracial marriage by the Supreme Court.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139585210","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
Do prosecutors induce the innocent to plead guilty? 检察官会诱使无辜者认罪吗？
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2024-01-20 DOI: 10.1111/ecin.13203
Alexander Lundberg
{"title":"Do prosecutors induce the innocent to plead guilty?","authors":"Alexander Lundberg","doi":"10.1111/ecin.13203","DOIUrl":"10.1111/ecin.13203","url":null,"abstract":"<p>The implications of a strategic model of plea bargaining are threefold. First, plea bargaining unequivocally increases wrongful convictions. Next, partial bans on plea bargaining reduce the frequency of wrongful convictions, and the reduction rises with the strength of the ban. Lastly, police share an important role in minimizing wrongful convictions.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13203","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139517061","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
Broadband and rural development: Impacts of the U.S. Department of Agriculture Broadband Initiatives Program on saving and creating jobs 宽带与农村发展：美国农业部宽带倡议计划对挽救和创造就业机会的影响
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2024-01-16 DOI: 10.1111/ecin.13200
Anil Rupasingha, John Pender, Ryan Williams
{"title":"Broadband and rural development: Impacts of the U.S. Department of Agriculture Broadband Initiatives Program on saving and creating jobs","authors":"Anil Rupasingha,&nbsp;John Pender,&nbsp;Ryan Williams","doi":"10.1111/ecin.13200","DOIUrl":"10.1111/ecin.13200","url":null,"abstract":"<p>This study analyzed the impact of the USDA's Broadband Initiatives Program on employment and business survival. While average employment declined in both program and non-program areas, the decline was less severe in program areas, suggesting a positive impact. This impact was primarily observed in metro counties, the service sector, and employer establishments. Businesses in program areas were also less likely to fail than those outside the program areas, with variation across location, business type, and industry.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139501739","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 volatility of survey measures of culture and its consequences 文化调查测量的波动性及其后果
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2024-01-02 DOI: 10.1111/ecin.13202
Giulio Zanella, Marina M. Bellani
{"title":"The volatility of survey measures of culture and its consequences","authors":"Giulio Zanella,&nbsp;Marina M. Bellani","doi":"10.1111/ecin.13202","DOIUrl":"10.1111/ecin.13202","url":null,"abstract":"<p>Measures of cultural attitudes derived from the World Values Survey are often used in economics to investigate the relation between individual culture and aggregate output. We show (i) that these measures are constructed from underlying variables that exhibit within-country volatility and time trends; and (ii) that such lack of persistence implies fragile correlations between cultural measures and output. These points are illustrated by revisiting prominent studies in this literature.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13202","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139375437","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
Dynamic preferential trade agreement formation and the role of political economy 动态优惠贸易协定的形成与政治经济学的作用
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2024-01-01 DOI: 10.1111/ecin.13199
Eric Conglin Chi, Halis Murat Yildiz
{"title":"Dynamic preferential trade agreement formation and the role of political economy","authors":"Eric Conglin Chi,&nbsp;Halis Murat Yildiz","doi":"10.1111/ecin.13199","DOIUrl":"10.1111/ecin.13199","url":null,"abstract":"<p>Using a dynamic preferential trade agreement (PTA) formation model, we show that political biases in exporting and import-competing sectors substantially impact the extent of PTA formation. While both exclusion and free riding incentives constrain the expansion to global free trade in a free trade agreement (FTA) game, only the former incentive arises in a customs union (CU) game. When we endogenize the choice between FTAs and CUs, the tension between the flexibility benefit of FTAs and the coordination benefit of CUs reveals that FTAs always serve as PTA building blocks while CUs may serve as PTA building or stumbling blocks.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139077667","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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