Economic Affairs

Recent Scholarly Publications

Records 24 / 457

Money burning in the theory of delegation

May 2020

This paper uses a Lagrangian approach to provide sufficient conditions under which money burning expenditures are used in an optimal delegation contract.

Fateful Decisions: Choices That Will Shape China's Future

May 2020

Explore our series of multimedia interviews and Q&As with the contributors to this volume: China’s Incentives to Work Within the U.S.-led International Order Remain Compelling, Argues Thomas...

The Hidden Cost of Worker Turnover: Attributing Product Reliability to the Turnover of Factory Workers

April 2020

Product reliability is a long-standing concern among product manufacturers, and researchers have identified a number of factors that significantly affect product reliability.

Do Immigrants Assimilate More Slowly Today Than in the Past?

March 2020

Using millions of historical census records and modern birth certificates, we document that immigrants assimilated into US society at similar rates in the past and present.

Roman Seas: A Maritime Archaeology of Eastern Mediterranean Economies

March 2020

That seafaring was fundamental to Roman prosperity in the eastern Mediterranean is beyond doubt, but a tendency by scholars to focus on the grandest long-distance movements between major cities has...

Were Jews in Interwar Poland More Educated?

February 2020

In the context of interwar Poland, we find that Jews tended to be more literate than non Jews, but show that this finding is driven by a composition effect.

What Determines Climate Policy Preferences if Reducing Greenhouse-Gas Emissions Is a Global Public Good?

February 2020

Many international policy problems, including climate change, have been characterized as global public goods.

Agricultural and Rural Development in China During the Past Four Decades: An Introduction

December 2019

The past four decades have witnessed unprecedented economic growth and rapidly rising food demand in China.

Manufacturing Productivity with Worker Turnover

November 2019

We find that rapid worker turnover significantly disrupts the productivity of responsive manufacturers.

Mind the Gap in Sovereign Debt Markets: The US Treasury basis and the Dollar Risk Factor

September 2019

The U.S. dollar exchange rate clears the global market for dollar-denominated safe assets.

Measuring Time Preferences in Large Surveys

September 2019

Time preferences may explain public opinion about a wide range of long-term policy problems whose costs and benefits will be realized in the distant future.

Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models

July 2019

We propose a general and highly efficient method for solving and estimating general equilibrium heterogeneous-agent models with aggregate shocks in discrete time.

Climatic Constraints on Aggregate Economic Output

May 2019

Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur.

Global warming has increased global economic inequality

April 2019

Understanding the causes of economic inequality is critical for achieving equitable economic development.

A Model of Safe Asset Determination

April 2019

What makes an asset a “safe” asset? We study a model where two countries each issue sovereign bonds to satisfy investors’ safe asset demands.

Past Successes and Future Challenges in Rural China’s Human Capital

March 2019

This paper describes the current level of human capital in China and seeks to identify a number of education-related challenges that may slow down the nation’s economy from transitioning to high...

Transboundary Game of Life: Memoir of Masahiko Aoki

March 2019

The central part of this book is an English version of the memoir of Masahiko Aoki that was published in Japanese in 2008 (青木昌彦『私の履歴書 人生越境ゲーム』日本経済新聞出版社).

Can Bureaucrats Really be Paid like CEOs? Substitution Between Incentives and Resources Among School Administrators in China

February 2019

Unlike performance incentives for private sector managers, little is known about performance incentives for managers in public sector bureaucracies.

The Intertemporal Keynesian Cross

September 2018

We demonstrate the importance of intertemporal marginal propensities to consume (iMPCs) in disciplining general equilibrium models with heterogeneous agents and nominal rigidities.

The Politics of Energy and Climate Change in Japan under Abe: Abenergynomics

August 2018

Under what we call Abenergynomics, Japanese Prime Minister Abe Shinzō has used energy policy to support the growth objectives of Abenomics, even when the associated policies are publicly unpopular,...

Manipulating Globalization: The Influence of Bureaucrats on Business in China

June 2018

The era of globalization saw China emerge as the world's manufacturing titan. However, the "made in China" model—with its reliance on cheap labor and thin profits—has begun to wane.

Inequality and redistribution behavior in a give-or-take game

April 2018

Why has economic inequality risen dramatically over the past few decades even in democracies where individuals could vote for more redistribution?

Reinventing Japan: New Directions in Global Leadership (Book Chapter)

March 2018

Highly readable yet deeply researched, this book serves as an essential guide to the many ways in which Japan has risen to become one of the world's most creative and innovative societies.•...

The Mystery of the Kibbutz: Egalitarian Principles in a Capitalist World

February 2018

How the kibbutz movement thrived despite its inherent economic contradictions and why it eventually declinedThe kibbutz is a social experiment in collective living that challenges traditional...

People

Kenneth F. Scheve Senior Fellow Professor, Political Science
Jerry Kaplan Lecturer, CDDRL, Research Affiliate, CDDRL
Saumitra Jha Senior Fellow, FSI, Associate Professor of Political Economy, GSB
Rosamond L. Naylor Senior Fellow William Wrigley Professor of Earth System Science, Senior Fellow, Stanford Woods Institute and Freeman Spogli Institute for International Studies, Professor, by courtesy, Economics, Senior Fellow and Founding Director, Center on Food Security and the Environment
Gary Zhao SCPKU Pre-Doctoral Fellow, December 2015-March 2016
Tricia Owlett SCPKU Pre-Doctoral Fellow, February-June 2016
Wesley Koo SCPKU Pre-Doctoral Fellow, January-April 2016
David Yang SCPKU Pre-Doctoral Fellow, October-November 2015
Hannah June Kim Shorenstein Postdoctoral Fellow in Contemporary Asia, 2019-20
Antigone Xenopoulos CISAC Honors Student
Head shot of Chao Sun Chao Sun Visiting Scholar at APARC
Jamil Jaffer Jamil N. Jaffer Affiliate