A new paper by Lewis & Mertens makes the Stock-Yogo test for weak instruments with multiple HAC robust endogenous regressors, propose tests for bias in a single coefficients, and extend to test general rank deficiency in the first stage www.restud.com/a-robust-tes... #EconSky #REStud

New paper by Pilossoph, Melc & Lewis estimates the distribution of spending responses to stimulus payments. MPCs are heterogeneous, with observables explaining 8% of the variation, highlighting the crucial role of latent heterogeneity www.restud.com/latent-heter... #REStud #EconSky

New paper, "Firm Quality Dynamics and the Slippery Slope of Credit Intervention" by Li & Li shows that direct government and central bank lending can distort firm quality and fuel future interventions. www.restud.com/firm-quality... #EconSky #REStud

"We show how opportunity costs, a core economic concept, can explain seemingly non-rational behaviour (like cyclical choices) within a preference-maximising framework." New paper by Manzini, Mariotti & Ülkü #EconSky #REStud www.restud.com/choice-and-o...

"Supply disruptions shapes the global internet backbone: new paper shows diversification drives cable entry & surplus, but markets may underprovide diversity." New Paper by Hadi & Steck: www.restud.com/diversificat... #Econsky #REStud

Serfdom in early modern Russia wasn’t inevitable—it was driven by landholding soldiers on the southern frontier. To defend against nomads, the state tied peasants to land, cementing coercive labor. New paper by @andreamatranga.bsky.social & @timurnatkhov.bsky.social : www.restud.com/all-along-th...

ReStud Tour @reveconstudies.bsky.social

"A new method for identifying and estimating consumer preferences when choice sets are constrained due to selection or search, but are not observed" New paper by Agarwal & Somaini: www.restud.com/demand-analy... #econsky #REStud

Cities surrounded by expensive farmland are denser and agricultural productivity growth has lowered urban density over time in France. Our multi-region structural change framework can explain it. New paper by Coeurdacier, Teignier & @floswald.bsky.social www.restud.com/structural-c... #econsky

🏠Transaction taxes don’t just cool housing—they reshape it. Same rate, different impact: investors buy more, households less. Result: lower ownership and welfare losses of 111% of tax revenue. New paper from Han, Ngai & Sheedy: www.restud.com/to-own-or-to... #econsky #REStud

Slum upgrading is a common policy to help residents, but it can delay redevelopment into formal neighborhoods. Evidence from the largest program highlights the tradeoff: upgrading in the center can lead to long-run opportunity costs. New paper by Harari & Wong: www.restud.com/slum-upgradi...

We are pleased to introduce Niels Gormsen, Copenhagen Business School & University of Chicago, as a new member of the Editorial Board of REStud. His outstanding expertise will help us continue to publish pioneering economic research. #econsky #REStud

Welcome aboard! Jose Vasquez, London School of Economics, has joined the Editorial Board of The Review of Economic Studies. We are grateful to have his expertise supporting our mission. #econsky #REStud

We are thrilled to announce that Ro’ee Levy, Tel Aviv University School of Economics, is joining the Editorial Board of The Review of Economic Studies. We look forward to his valuable contributions to the journal’s future. #econsky #REStud

Exciting news: Dávid Nagy, CREI, has joined the Editorial Board of The Review of Economic Studies. His deep knowledge will help guide the journal’s editorial process. #econsky #REStud

We warmly welcome Marta Prato, Bocconi University, to the Editorial Board of The Review of Economic Studies. Her expertise and perspective will support our goal of publishing research at the highest standard. #econsky #REStud

It is a pleasure to welcome Jonathon Hazell, London School of Economics, to the Editorial Board of The Review of Economic Studies. We value his insights and leadership in shaping the future of economic literature. #econsky #REStud

We are honored to have Oren Danieli, Tel Aviv University School of Economics, join the Editorial Board of The Review of Economic Studies. His distinguished research will enrich the journal’s editorial vision. #econsky #REStud

Warm welcome to Daniel Lewis, University College London, who has joined the Editorial Board of The Review of Economic Studies. We are excited to collaborate on advancing the frontiers of economic research. #econsky #REStud

We are proud to announce that Giulia Giupponi, Bocconi University, has joined the Editorial Board of The Review of Economic Studies. Her scholarly expertise will help strengthen our mission to publish world-class research. #econsky #REStud

Please join us in welcoming Ansgar Walther, Imperial College London, to the Editorial Board of The Review of Economic Studies. We look forward to his contributions in guiding the journal’s commitment to excellence in economic research. #econtwitter #REStud

We are delighted to welcome Sarah Auster, University of Bonn, as a new member of the Editorial Board of The Review of Economic Studies. Her expertise will be an invaluable addition to the journal. #econsky #REStud

We’re delighted to welcome our newly elected Board members of The Review of Economic Studies! Their expertise across leading institutions strengthens our mission to publish world-class research. 👇Meet our new members, who will be introduced in more detail over the coming days.👇

"Policy allocations reveal more than who gets benefit — they reveal what is valued. We show how to invert the targeting problem to uncover the hidden welfare weights behind policy decisions." New paper from Björkegren, Blumenstock and Knight: www.restud.com/what-do-poli... #econsky #REStud

"Not all booms are built on hard data—some ride on expectations. Tech news shocks (via patents) drive expansions long before TFP rises. Markets react first; macro follows." New paper by Miranda-Agrippino, Hacioglu-Hoke and Bluwstein: www.restud.com/patents-news... #econsky #REStud

"This paper presents new methods for estimating long run treatment effects from short term experiments and observational data." New paper from Athey, Chetty, Imbens, and Kang: restud.com/the-surrogat... #econsky #REStud

New paper from Karun and Eckardt: restud.com/temporal-dif... #REStud #econsky

"This paper explains how do trade and financial sanctions affect the exchange rate and fiscal capacity of the target country and what are the costs to sender" New paper from Itskhoki and Mukhin: www.restud.com/sanctions-an... #econsky #REStud

"New study finds salary benchmarking cuts pay gaps by 25%. Pay dispersion partly arises from firms’ uncertainty about market rates, with key implications for pay transparency policy." New paper from Perez-Truglia, Li & Cullen www.restud.com/whats-my-emp...: #econsky #REStud

"Competition via repo contracts resolves the lemons problem! A closed-form solution for the unique pooling equilibrium explains why markets feature high haircuts and low repo rates." New paper from Bigio & Shi: restud.com/repurchase-o... #econsky #REStud

"Wars disrupt supply chains, but firms adapt by reorganizing them. The 2014 war cut Ukraine’s output in nonconflict areas by 5.5%, with one-third mitigated by link reorganization." New paper from Korovkin, @alexeymakarin.bsky.social & Miyauchi: www.restud.com/supply-chain... #econsky #REStud

Recently accepted to #REStud, "Normalizations and misspecification in skill formation models," from Joachim Freyberger: www.restud.com/normalizatio... #econsky

"In a large RCT on a credit card in Mexico, cutting rates and raising minimums barely reduced default. Job loss—more disruptive to cash flow—had far greater impact." Recently acepted to #REStud, from Castellanos, Jiménez-Hernández, Mahajan, Prous, & Seira: www.restud.com/contract-ter... #econsky

Recently accepted to #REStud, "On the optimal design of a Financial Stability Fund," from Ábraham, Carceles-Poveda, Liu and Marimon: www.restud.com/on-the-optim... #econsky

"Does trade push countries up the development ladder or hold them at the bottom? What about the rise of China? Modeling and estimating a ladder economy gives surprising answers." New paper, from Atkin, Costinot and Fukui: www.restud.com/globalizatio... #REStud #econsky

Exciting new work by @rduartegonzalez.bsky.social (who is on the market!) & Co

"Sellers often choose sudden, unannounced price drops—unlike standard models with forward-looking, strategic buyers. We show why a seller would prefer this." Recently accepted to #REStud, from Dilmé and Garrett: www.restud.com/a-dynamic-th... #econsky

Recently accepted to #REStud, "The impact of EITC on education, labor market trajectories, and inequalities," from Albertini, Poirier and Terriau: www.restud.com/the-impact-o... #econsky

"Political brokers use social networks to identify & target reciprocal non-copartisans for vote buying. Parties recruit brokers central in networks to sway persuadable voters." From @rduartegonzalez.bsky.social, Finan, @hlarreguy.bsky.social and Schechter: www.restud.com/brokering-vo... #Econsky

Recently accepted to #REStud, "Overconfidence and Prejudice," from Heidhues, Kőszegi and Strack: www.restud.com/overconfiden... #econsky

"Can communities sustain cooperation when players can add or erase signals from their records? Sufficiently long-lived players can hardly sustain any cooperation, but players w/ intermediate lifespans can sustain some cooperation." New paper from Harry PEI: www.restud.com/community-en... #econsky

Recently accepted to #REStud, "Behavioral Causal Inference," from Ran Spiegler: www.restud.com/behavioral-c... #econsky

Recently accepted to #REStud, "Making Decisions under Model Misspecification," from Cerreia-Vioglio, Hansen, Maccheroni and Marinacci: www.restud.com/making-decis... #econsky

Recently accepted to #REStud, "Demand Shocks as Technology Shocks," from Bai, Ríos-Rull and Storesletten: www.restud.com/demand-shock... #econsky

Excited to have my first paper appearing soon in REStud - five years in the making! Paul Milgrom and I show how to extend Walrasian mechanisms to nonconvex markets - with only one additional parameter needed to assure existence. Also Paul’s first REStud paper, if you can believe it!

Very excited to see this finally coming out in RESTUD! (1/5)

In their paper, recently accepted to #REStud, Milgrom & Watt @MitchLWatt introduce “Walrasian markup mechanisms”—feasible, nearly efficient, and nearly incentive compatible mechanisms for nonconvex markets using linear prices. www.restud.com/a-walrasian-... #econsky

In their paper, recently accepted to #REStud, Frakes @denverfrakes.bsky.social and Gruber find a reduction in racial health disparities among chronic-disease patients following an increase in the racial diversity of the surrounding medical providers. www.restud.com/the-effect-o... #econsky

Recently accepted to #REStud, "Pseudo Lindahl Equilibrium as a Collective Choice Rule," from Gul and Pesendorfer: www.restud.com/pseudo-linda... #econsky

Recently accepted to #REStud, "Surviving Childhood: Effects of Removing a Child From Home," from Ronja Helénsdotter @rhelensdotter.bsky.social @MIT @econGU: www.restud.com/surviving-ch... #econsky