New paper by Boissay, Collard, Galí, and Manea: www.restud.com/monetary-pol... #REStud #EconSky

Using a quantitative GE model with heterogeneous banks, we show ECB collateralised lending mitigated real effects of euro-area money-market disruptions. New paper by De Fiore, Hoerova, Rogers, and Uhlig www.restud.com/money-market... #REStud #EconSky

New paper by Britz & Gersbach: www.restud.com/open-rule-le... #REStud #EconSky

New paper by Kalouptsidi, Kitamura, Lima, and Souza-Rodrigues: www.restud.com/counterfactu... #REStud #EconSky

In dynamic project selection with costly verification claims of high quality may be less likely to be verified over time—a finding with implications for organizational governance. New paper by Libgober & Li: www.restud.com/the-dynamics... #REStud #EconSky

New paper by Tuttle: www.restud.com/racial-dispa... #REStud #EconSky

New paper by Lee: www.restud.com/identificati... #REStud #EconSky

Manager pay and pay inequality have increased substantially since the 1980s. Manager pay reflect that managers increase the firm’s productivity which in turn affects market power. New paper by Eeckhout, Bao, and De Loecker www.restud.com/manager-pay-... #REStud #EconSky

Uniform asymptotic theory for local projections with unknown/infinite lag order. LPs can achieve semiparametric efficiency and support robust IRF inference. New paper by Xu: restud.com/local-projec... #REStud #EconSky

Monopsony power makes productive firms decide to stay small, hurting aggregate productivity. More strongly size-dependent wages in East Germany explain a third of the difference to the West. New paper by Bachmann, Bayer, Stüber, and Wellschmied www.restud.com/monopsony-ma...

A sufficient statistics approach to financial frictions in macro models New paper by Chiang (@YuTingChiang4) & Zoch (@pzoch5): www.restud.com/financial-in... #REStud #EconX #EconTwitter

We construct a new measure of input sourcing risk based on the volatility of ocean shipping times associated with weather shocks and show that firms diversify this weather risk. New paper by Blaum, Esposito, and Heise: www.restud.com/input-sourci... #REStud #EconSky

New paper by Blandhol, Bonney, Mogstad, and Torgovitsky: www.restud.com/when-is-tsls... #REStud #EconSky

Want to know about the mechanisms by which a treatment affects an outcome? This paper develops tools for testing hypotheses about mechanisms under weak assumptions. Check it out! New paper by Roth and Kwon: www.restud.com/testing-mech... #REStud #EconSky

📢📢We now know the Tourists and Hosts for the 2026 REStud European Tour!📢📢 The REStud European Tour recognizes the most promising graduating doctoral students in economics and finance and introduces them and their research to audiences. Let's Meet the Hosts and the Tourists in this thread! 1/21

This paper combines new data and a narrative approach to identify variation in political pressure on the Fed. New paper by Drechsel: www.restud.com/political-pr... #EconSky #REStud

The Confederate diaspora—small but powerful and ideologically intense—reshaped culture across the U.S. through influence, organizational mobilization, and political leverage. New paper by Bazzi, Ferrara, Fiszbein, Pearson, and Testa: www.restud.com/the-confeder... #REStud #EconSky

Why/how should multiple hypothesis testing be done differently in empirical work? We give an economic foundation trading off research costs and incentives with implications for empirical practice. New paper by Viviano, Wüthrich, and Niehaus: www.restud.com/a-model-of-m... #REStud #EconSky

New paper by Liski & Salanié: www.restud.com/catastrophes... #REStud #EconSky

Supply-side climate policies in the oil market: Higher taxes reduce exploration and discoveries. If only OECD countries adopt this policy, 47–73% is offset by non-OECD countries. New paper by Ahlvik, Andersen, Hamang, & Harding: www.restud.com/quantifying-... #REStud #EconSky

"We prove a CLT for strategic network formation with homophilous agents. This enables inference on statistics derived from a single large network. We discuss practical procedures." New Paper by Leung & Moon: www.restud.com/normal-appro... #REStud #EconSky

"A new theory on how regional shocks affect aggregate welfare—applied to US highway network improvements—unpacking how and why it deviates from the Fogel/Hulten characterization." New paper by Miyauchi, Donald, & Fukui: www.restud.com/unpacking-ag... #REStud

New paper by Campos-Mercade, Goette, Graeber, Kellogg, and Sprenger: www.restud.com/de-gustibus-... #REStud #EconSky

New paper by Le Grand, Martin-Baillon & Ragot: www.restud.com/should-monet... #REStud #EconSky

New paper by Ashraf, Bakhtin, Field, Voena, & Ziparo: www.restud.com/gendered-sph... #REStud #EconSky

New paper by Christensen, Moon and Schorfheide: restud.com/optimal-deci... #REStud #EconSky

New paper by Mahajan, Michel and Tarozzi: www.restud.com/identificati... #REStud #EconSky

New paper by Jakobsen: www.restud.com/coarse-bayes... #REStud #EconSky

New paper by Andre, Haaland, Roth, Wiederholt, and Wohlfart: www.restud.com/narratives-a... #REStud #EconSky

"How to make decisions that are robust to sampling noise but also to misspecification and related concerns? We analyze this problem as one of minimax regret decision making under partial identification." New paper by Montiel Olea, Qiu & Stoye: www.restud.com/decision-the... #REStud #EconSky

How should regulators target their limit enforcement budgets? We quantify the benefits of linked regulation, where regulators dynamically target plants co-owned with other plants with poor compliance records. New paper by Leisten & Vreugdenhil www.restud.com/dynamic-regu... #REStud #EconSky

How do currencies become international? Bahaj & Reis show that PBoC swap lines boosted RMB use abroad, revealing a policy lever to jumpstart a currency’s international status. www.restud.com/jumpstarting... #REStud #EconSky

Editorial update: Gabriel Chodorow-Reich (Harvard University) has stepped down as a Foreign Editor of The Review of Economic Studies. We are grateful to Gabe for his excellent service and contributions to the journal and the REStud Tour. www.restud.com/editorial-bo...

"Capital flowed to high-inflation countries during recent surge, worsening the output-inflation tradeoff. Reversing flows would have reduced volatility & tightening needs." New paper by Coulibaly & Bengui: www.restud.com/destabilizin... #REStud #EconSky

Announcement📢: We are pleased to welcome @andreamoro.bsky.social (Vanderbilt University) as our new Data Editor, effective 1 January 2026. We look forward to collaborating with him in this new role. #EconSky #REStud

"Free markets failed for 700 years. When poor farmers couldn't pay, a simple quota beat auctions. Sometimes the invisible hand needs handcuffs." New paper by Donna & Espín-Sánchez www.restud.com/the-illiquid... #REStud #EconSky

Patent term boosts long run innovation, but policy anticipation creates surprising, medium term dynamics: innovation rises before expected cuts and remains high due to spillovers. New paper by Bertolotti: www.restud.com/patent-term-... #REStud #EconSky

"We investigate how irreversible investment, arising from a wedge between capital purchase and resale price, affects aggregate capital fluctuations." New paper by Baley & Blanco. www.restud.com/the-macroeco... #REStud #EconSky

"Survey incentives can worsen bias! Randomized incentives help detect & account for nonresponse bias. Methods using both incentives & reminders outperform existing approaches." New paper by Dutz, Huitfeldt, Lacouture, Mogstad, Torgovitsky & van Dijk www.restud.com/selection-in... #EconSky #REStud

"This paper uses data on banks' private risk assessments to show that banks produce more information in bad times" New paper by Weitzner & Howes: www.restud.com/bank-informa... #REStud #EconSky

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