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-...
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"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...
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"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...
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New paper by Campos-Mercade, Goette, Graeber, Kellogg, and Sprenger:
www.restud.com/de-gustibus-...
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New paper by Ashraf, Bakhtin, Field, Voena, & Ziparo:
www.restud.com/gendered-sph...
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New paper by Andre, Haaland, Roth, Wiederholt, and Wohlfart:
www.restud.com/narratives-a...
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"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...
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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...
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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...
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"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...
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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.
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"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...
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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-...
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"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...
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"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...
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"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...
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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...
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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...
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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...
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"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
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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...
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"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...
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🏠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...
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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.
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