Dirk Krueger

Are men & women evaluated differently? Yes! Erkal et al. refer to this as the “gender criteria gap”. Men’s bonuses & penalties are driven by both outcomes & beliefs about their actions. Women are evaluated based on outcomes only; beliefs about their intentions carry no weight.

The International Economic Review has just published a new exciting paper by Nisvan Erkal, Lata Gangadharan and Boon Han Koh on Gender Criteria Gap in Evaluation: Role of Perceived Intentions and Outcomes. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/10.1111/ie…

This paper studies a novel two-way feedback between credit and labor market frictions. Collateral constraints amplify capital demand volatility, affecting labor demand. Search frictions damp wage adjustment, increasing net worth volatility and feeding back into capital demand.

The International Economic Review has just published a new exciting paper by Yulia Moiseeva on The Interaction Between Credit and Labor Market Frictions. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/10.1111/ie…

How does labour market monopsony affect the transition path and gains, following trade and FDI liberalisation? Monopsony gives welfare gains that are 4x larger to tariff reduction, while leading to welfare losses from FDI liberalisation.

International Economic Review has just published a new exciting paper by Priyaranjan Jha, Antonio Rodriguez-Lopez and Adam Hal Spencer on Labor Market Monopsony Power and the Dynamic Gains to Openness Reforms. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/10.1111/ie…

We study Prohibition’s repeal and its effects on decentralized liquor policy. Combining new Texas roll-call data with public referenda, we estimate a multidimensional probabilistic voting model and show decentralization aligned policy with local preferences and improved welfare.

International Economic Review has just published new exciting paper by Andrew Arnold and Holger Sieg on The Decentralization of Liquor Policies in Texas During the Post-Prohibition Era. It is available through @WileyEconomics here: doi.org/10.1111/iere.7… Object Identifier (DOI)

The International Economic Review has just published the second issue of 2026 with many exciting papers. It is available through @WileyEconomics here: onlinelibrary.wiley.com/toc/14682354/2…

In the U.S. housing market, the chance of selling drops sharply after two weeks on the market. “Quick” and “slow” sales follow very different dynamics over the housing cycle—patterns a stock-flow matching model can replicate.

The International Economic Review has just published a new exciting paper by Eric Smith, Zoe Xie and Lei Fang on The Short and the Long of It: Stock-Flow Matching in the US Housing Market. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/10.1111/ie…

Do tax cuts work better when targeted to high or low earners? New HANK model evidence: cuts for the bottom 90% generate larger output effects than for the top 10%, but incentive effects matter for both. Welfare gains from progressive cuts are much larger.

The International Economic Review has just published a new exciting paper by Christian Gillitzer on How Does Progressivity Affect the Tax Cut Multiplier?. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/10.1111/ie…

Place-based land policy in China reduced regional productivity gaps—but by constraining productive areas rather than lifting laggards. It lowered national output and worsened outcomes for workers in poor regions who lost migration opportunities. Helping places ≠ helping people.

International Economic Review has just published new exciting paper by Min Fang, Libin Han, Zibin Huang, Ming Lu and Li Zhang on Place-Based Land Policy and Spatial Misallocation: Theory and Evidence From China. Is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/10.1111/ie…

What is behind the "China Shock"? This paper uses firm-level data to show how production & exports shifted across industries in China. It also explains the rise and recent decline of China's trade openness.

The International Economic Review has just published a new exciting paper by Hanwei Huang, Jiandong Ju and Vivian Yue on Accounting for the Evolution of China's Production and Trade Patterns. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/10.1111/ie…

Using twin data from China and Sweden, we show parents invest and bequeath equally but inter vivos transfers differ: Chinese parents reinforce income gaps, while Swedish parents split wealth evenly. Differences in parental education may help explain these cross-country patterns.

International Economic Review has just published new exciting paper by Aiday Sikhova, Sven Oskarsson and Rafael Ahlskog on Do Parents Propagate Inequality Among Children? Evidence From Chinese and Swedish Twins. It is available through @WileyEconomics here onlinelibrary.wiley.com/doi/10.1111/ie…

We connect Dynamic Mode Decomposition to VARs and state-space models. DMD efficiently estimates low-rank VAR coefficients via SVD. Applied to a 100-household DSGE economy, it recovers latent aggregate dynamics and the sharing rule from micro panels.

The International Economic Review has just published a new exciting paper by Thomas Sargent, Yatheesan Selvakumar and Ziyue Yang on Dynamic Mode Decompositions and Vector Autoregressions. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/10.1111/ie…