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AEA papers and proceedings. American Economic Association最新文献

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Does Childhood Immunization Rebound after Extreme Shocks? Evidence from Floods and Strikes in Pakistan 极端冲击后儿童免疫是否会反弹?来自巴基斯坦洪水和罢工的证据
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231110
S. Chandir, R. Glennerster, Maryiam Haroon, Edward Jee, D. Siddiqi
{"title":"Does Childhood Immunization Rebound after Extreme Shocks? Evidence from Floods and Strikes in Pakistan","authors":"S. Chandir, R. Glennerster, Maryiam Haroon, Edward Jee, D. Siddiqi","doi":"10.1257/pandp.20231110","DOIUrl":"https://doi.org/10.1257/pandp.20231110","url":null,"abstract":"In 2022, childhood immunization in the Sindh province of Pakistan was disrupted by the worst floods in Pakistan's history and by vaccinator strikes. We use weekly data on all vaccinations from 12 of the lowest immunization districts in Sindh, strike timing, and satellite flood data to examine 2.5-month impacts. Despite intensive catchup efforts by the government and the international community, immunizations declined 19 percent more in flooded towns than nonflooded towns postfloods, and 11,500 children missed vaccinations as result of the floods. Immunizations in strike towns were 48 percent lower than in nonstrike towns, with 15,300 lost immunizations over the entire postperiod.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"PP 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84352433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Report of the Editor, American Economic Journal: Applied Economics 《美国经济杂志:应用经济学》编辑报告
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.736
{"title":"Report of the Editor, American Economic Journal: Applied Economics","authors":"","doi":"10.1257/pandp.113.736","DOIUrl":"https://doi.org/10.1257/pandp.113.736","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85953829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Debt Distress on China’s Belt and Road 中国“一带一路”的债务困境
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231004
Sebastian Horn, Bradley C. Parks, Carmen M. Reinhart, Christoph Trebesch
{"title":"Debt Distress on China’s Belt and Road","authors":"Sebastian Horn, Bradley C. Parks, Carmen M. Reinhart, Christoph Trebesch","doi":"10.1257/pandp.20231004","DOIUrl":"https://doi.org/10.1257/pandp.20231004","url":null,"abstract":"This paper shows that China's lending boom to developing country sovereigns has largely ended and that debt distress and defaults are increasingly common. Chinese lenders react to this challenge through two main coping strategies: first, bilateral sovereign debt restructurings–typically with maturity extensions but no face value cuts–and, second, rescue loans that allow debtors to avoid or delay default. Low-income countries tend to receive debt restructurings, whereas emerging market countries are more likely to receive rescue loans. We speculate that the differential crisis response is due to the different exposure levels of Chinese state banks.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85353399","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The Effects of Higher Student Loan Limits on Access to High-Earnings Graduate Programs 更高的学生贷款限制对获得高收入研究生项目的影响
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231081
Jeffrey T. Denning, Lesley J. Turner
{"title":"The Effects of Higher Student Loan Limits on Access to High-Earnings Graduate Programs","authors":"Jeffrey T. Denning, Lesley J. Turner","doi":"10.1257/pandp.20231081","DOIUrl":"https://doi.org/10.1257/pandp.20231081","url":null,"abstract":"Graduate student debt is the predominant form of financial aid for postbaccalaureate students and represents almost half of outstanding student debt, yet little is known about the effect of publicly funded graduate loans on student outcomes. To fill this gap, we examine the creation of the federal Graduate PLUS Student Loan program, which effectively eliminated loan limits for graduate students. Using a difference-in-difference identification strategy and administrative data on graduate students entering public and nonprofit universities in Texas, we show that access to additional liquidity through Grad PLUS had no effect on underrepresented students' access to high-earnings graduate programs.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90436253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Mental Models and Transfer Learning 心理模型和迁移学习
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231114
Ignacio Esponda, E. Vespa, S. Yuksel
{"title":"Mental Models and Transfer Learning","authors":"Ignacio Esponda, E. Vespa, S. Yuksel","doi":"10.1257/pandp.20231114","DOIUrl":"https://doi.org/10.1257/pandp.20231114","url":null,"abstract":"Using a laboratory experiment, we investigate the extent to which learning is transferred between related problems in the context of an updating task. The updating principle we study requires updating positively after a positive signal and negatively after a negative signal. In the first environment, most subjects initially fail to satisfy the principle but eventually adjust after feedback. The environment they face subsequently presents the same challenges but with different parameter values. We find weak evidence for transfer learning: only half of the subjects who learn to be consistent with the principle remain so when the parameter values are changed.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"110 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79325869","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Perceived and Expected Rates of Inflation of US Firms 美国企业的感知和预期通货膨胀率
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231034
Bernardo Candia, Michael Weber, Y. Gorodnichenko, Olivier Coibion
{"title":"Perceived and Expected Rates of Inflation of US Firms","authors":"Bernardo Candia, Michael Weber, Y. Gorodnichenko, Olivier Coibion","doi":"10.1257/pandp.20231034","DOIUrl":"https://doi.org/10.1257/pandp.20231034","url":null,"abstract":"The seminal work of Jonung (1981) showed that households' perceptions of inflation are the strongest predictor of households' inflation expectations. This fact has been a key ingredient for testing and developing theoretical models of how economic agents form expectations (e.g., the famous Lucas (1972) island model). However, little is known about whether perceptions play a similar role for firms. Using a new survey of American CEOs, we document that inflation perceptions shape the inflation expectations of firms just as Jonung (1981) found for households. These results suggest that information rigidities apply not only for households but also for CEOs.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79342305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
A Model of Demand for Health and Caregiving Incorporating Marriage Markets 结合婚姻市场的健康和护理需求模型
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231106
S. Grossbard, Lorena Hakak
{"title":"A Model of Demand for Health and Caregiving Incorporating Marriage Markets","authors":"S. Grossbard, Lorena Hakak","doi":"10.1257/pandp.20231106","DOIUrl":"https://doi.org/10.1257/pandp.20231106","url":null,"abstract":"According to the Grossman model, the demand for health-related goods or services varies with the costs of their substitutes produced in the household. This paper contributes to the literature on the demand for health-related products and home care by also considering substitution between goods produced at home by oneself and those produced by one's spouse or partner. It is argued that marriage market variation such as variation in individual traits of partners/spouses or in sex ratios and changes in laws about marriage or divorce may affect demand for health-related goods and home care by relatives.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"110 1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79458388","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Report of the Editor, American Economic Journal: Macroeconomics 《美国经济杂志:宏观经济学》编辑报告
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.757
{"title":"Report of the Editor, American Economic Journal: Macroeconomics","authors":"","doi":"10.1257/pandp.113.757","DOIUrl":"https://doi.org/10.1257/pandp.113.757","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82835840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Macroeconomic Consequences of International Financial Sanctions 国际金融制裁的宏观经济后果
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231042
Javier Bianchi, César Sosa‐Padilla
{"title":"The Macroeconomic Consequences of International Financial Sanctions","authors":"Javier Bianchi, César Sosa‐Padilla","doi":"10.1257/pandp.20231042","DOIUrl":"https://doi.org/10.1257/pandp.20231042","url":null,"abstract":"Financial sanctions have emerged as powerful weapons in the current geopolitical landscape. In this paper, we use a graphical framework to trace their macroeconomic implications, highlighting lessons for the status of the US dollar as a reserve currency, sovereign debt crises, and the fragmentation of capital flows.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83259722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Importance of Fed Chair Speeches as a Monetary Policy Tool 美联储主席演讲作为货币政策工具的重要性
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231073
Eric T. Swanson
{"title":"The Importance of Fed Chair Speeches as a Monetary Policy Tool","authors":"Eric T. Swanson","doi":"10.1257/pandp.20231073","DOIUrl":"https://doi.org/10.1257/pandp.20231073","url":null,"abstract":"I estimate the effects of Federal Open Market Committee (FOMC) announcements, post-FOMC press conferences, and speeches and Congressional testimony by the Fed chair on stock prices, Treasury yields, and interest rate futures from 1988 to 2019. I show that for all but the very shortest-maturity interest rate futures, Fed chair speeches are more important than FOMC announcements. My results suggest that the previous literature's focus on FOMC announcements has ignored the most important source of variation in US monetary policy.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79494968","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
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