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Report of the Task Force on Outreach to High School and Undergraduate Students in Economics 向高中和本科生推广经济学专题小组的报告
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.842
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引用次数: 0
News Media, Inflation, and Sentiment 新闻媒体、通货膨胀和市场情绪
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231117
Alistair Macaulay, Wenting Song
{"title":"News Media, Inflation, and Sentiment","authors":"Alistair Macaulay, Wenting Song","doi":"10.1257/pandp.20231117","DOIUrl":"https://doi.org/10.1257/pandp.20231117","url":null,"abstract":"We study the relationship between media portrayals of inflation and consumer sentiment. Using tools from natural language processing, we uncover two competing narratives in US news coverage of inflation: the first relates inflation to financial variables, while the second relates inflation to real variables. As inflation rose in 2021, media increasingly emphasized the real economy. Linking inflation news to social network data from Twitter, we find that exposure to articles emphasizing the connection between inflation and the real economy significantly reduces sentiment, particularly in periods of high inflation. Shifting media narratives may therefore have contributed to declining consumer sentiment in 2021.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"284 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135703643","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
Minutes of the Meeting of the Executive Committee, New Orleans, LA January 5, 2023 执行委员会会议纪要，新奥尔良，洛杉矶，2023年1月5日
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.699
{"title":"Minutes of the Meeting of the Executive Committee, New Orleans, LA January 5, 2023","authors":"","doi":"10.1257/pandp.113.699","DOIUrl":"https://doi.org/10.1257/pandp.113.699","url":null,"abstract":"","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":"82205510","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
Risk Rating without Information Provision 不提供信息的风险评级
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231102
P. Mulder, C. Kousky
{"title":"Risk Rating without Information Provision","authors":"P. Mulder, C. Kousky","doi":"10.1257/pandp.20231102","DOIUrl":"https://doi.org/10.1257/pandp.20231102","url":null,"abstract":"We describe the initial impact of risk-based flood insurance pricing in the United States. More than two-thirds of National Flood Insurance Program policyholders are paying higher premiums under “Risk Rating 2.0” (RR2.0), and increases will continue in the coming years. Premium increases are largest for policyholders classified as low risk on the Federal Emergency Management Agency's (FEMA's) flood maps, and the average premium gap between those in and out of the FEMA-mapped floodplain is narrowing. FEMA's flood maps, which fail to account for the new risk information, are still relied on by homeowners and regulators, blunting the adaptation benefits of RR2.0.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"51 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86461409","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
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
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