"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

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