The Quarterly Journal of Economics

Complete Pass-Through in Levels Abstract. Empirical studies find that the pass-through of input cost changes to prices is incomplete: a 10 percent increase in costs causes downstream pric

Recently accepted by #QJE: “Complete Pass-Through in Levels,” by Kunal Sangani: doi.org/10.1093/qje/...

Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)* Abstract. This paper develops a New Keynesian model with sovereign default risk. Inflation is set by forward-looking firms, monetary policy is an interest

Recently accepted by #QJE: “Monetary Policy and Sovereign Risk in Emerging Economies,” by Arellano, Bai, and Mihalache: doi.org/10.1093/qje/...

The Macroeconomic Impact of Climate Change: Global Versus Local Temperature* Abstract. This paper estimates that the macroeconomic damages from climate change are an order of magnitude larger than previously thought. Exploiting natu

Recently accepted by #QJE: “The Macroeconomic Impact of Climate Change: Global Versus Local Temperature,” by Bilal (@adrienbilal.bsky.social) and Känzig (@dkaenzig.bsky.social): doi.org/10.1093/qje/...

Civil War–Induced Displacement and Human Capital Abstract. We study the impact of conflict-induced displacement on human capital and occupational shifts, focusing on the Mozambican civil war (1977 - 1992)

Recently accepted by #QJE: “Civil War-Induced Displacement and Human Capital,” by Chiovelli, Michalopoulos, Papaioannou, and Sequeira (@sandrasequeira.bksy): doi.org/10.1093/qje/...

Disaggregated Economic Accounts* Abstract. We develop a system of disaggregated economic accounts. The system breaks down national accounting positions into bilateral flows between consist

Recently accepted by #QJE: “Disaggregated Economic Accounts,” by Andersen, Huber, Johannesen, Straub, and Vestergaard: doi.org/10.1093/qje/...

Insuring peace: Index-based livestock insurance, droughts, and conflict* Abstract. We provide quasi-experimental evidence of how an innovative market-based solution using remote-sensing technology can mitigate drought-induced co

Recently accepted by #QJE: “Insuring peace: Index-based livestock insurance, droughts, and conflict,” by Gehring (@kaigehring.bsky.social) and Schaudt (@paulschaudt.bskz.social): doi.org/10.1093/qje/...

Automation and Rent Dissipation: Implications for Wages, Inequality, and Productivity* Abstract. This paper studies the effects of automation in a task-based economy in which some jobs pay workers rents—wages above their outside option. We sh

Recently accepted by #QJE: “Automation and Rent Dissipation: Implications for Wages, Inequality, and Productivity,” by Acemoglu and Restrepo: doi.org/10.1093/qje/...

A Theory of How Workers Keep up with Inflation* Abstract. We develop a model that integrates modern theories of labor market flows with nominal wage rigidities to study the consequences of inflation on t

Recently accepted by #QJE: “A Theory of How Workers Keep up with Inflation,” by Afrouzi, Blanco, Drenik, and Hurst: doi.org/10.1093/qje/...

(Not) Thinking About the Future: Financial Information and Maternal Labor Supply* Abstract. Does information about the long-run financial costs of reduced labor supply increase mothers’ working hours? We document descriptively that long-

Recently accepted by #QJE: “(Not) Thinking About the Future: Financial Information and Maternal Labor Supply,” by Costa-Ramón (@anacostaramon), Slotwinski, Schaede (@ursina), and Brenøe: doi.org/10.1093/qje/...

How Do You Identify a Good Manager? Abstract. We introduce and validate a novel approach to identifying good managers. In a pre-registered lab experiment, we causally identify managerial cont

Recently accepted by #QJE: “How Do You Identify a Good Manager?” by Weidmann, Vecci, Said, Bhalotra, Adhvaryu, Nyshadham, Tamayo, and Deming: doi.org/10.1093/qje/...

The Future in Mind: Aspirations and Long-Term Outcomes in Rural Ethiopia* Abstract. Aspirations may condition the future-oriented choices of individuals and thus may play a role in the persistence of poverty or the effort to brea

Recently accepted by #QJE: “The Future in Mind: Aspirations and Long-Term Outcomes in Rural Ethiopia,” by Bernard, Dercon (@gamblingondev.bsky.social), Orkin, Schinaia, and Taffesse (@astaffesse.bsky.social): doi.org/10.1093/qje/...

Leveraging Virtual Contact and Social Networks to Foster Interethnic Harmony* Abstract. This paper investigates whether virtual contact, initiated through a documentary film, can promote interethnic harmony. We carried out a cluster-

Recently accepted by #QJE, “Leveraging Virtual Contact and Social Networks to Foster Interethnic Harmony,” by Siddique (@absidd.bsky.social), Vlassopoulos, and Zenou (@yveszenou.bsky.social): doi.org/10.1093/qje/...

Growth Experiences and Trust in Government* Abstract. This paper explores the relationship between economic growth and trust in government using variation in GDP growth experienced over a lifetime si

Recently accepted by #QJE, “Growth Experiences and Trust in Government,” by Besley, Dann, and Dray: doi.org/10.1093/qje/...

Changing Opportunity: Sociological Mechanisms Underlying Growing Class Gaps and Shrinking Race Gaps in Economic Mobility* Abstract. We show that intergenerational mobility changed rapidly by race and class in recent decades in the U.S. and study the causal mechanisms underlyin

Recently accepted by #QJE, “Changing Opportunity: Sociological Mechanisms Underlying Growing Class Gaps and Shrinking Race Gaps in Economic Mobility,” by Chetty (@Oppinsights), Dobbie, Goldman, Porter, and Yang: doi.org/10.1093/qje/...

Ideas Have Consequences: The Impact of Law and Economics on American Justice* Abstract. This article empirically studies the effects of the early law and economics movement on the U.S. judiciary. We focus on the Manne Economics Insti

#QJE Feb 2026, #15, “Ideas Have Consequences: The Impact of Law and Economics on American Justice,” by Ash (@elliottash.bsky.social), Chen, and Naidu: doi.org/10.1093/qje/...

Vanguard: Black Veterans and Civil Rights After World War I* Abstract. Nearly 400,000 Black men were drafted into the National Army during World War I, where they toiled primarily as menial laborers in segregated uni

#QJE Feb 2026, #14, “Vanguard: Black Veterans and Civil Rights After World War I,” by Ang and Chinoy: doi.org/10.1093/qje/...

Political Foundations of Racial Violence in the Post-Reconstruction South* Abstract. Election results act as powerful signals, shaping social behavior in ways that can be dramatic and even violent. This article shows how racial vi

#QJE Feb 2026, #13, “Political Foundations of Racial Violence in the Post-Reconstruction South,” by Testa (@patesta.bsky.social) and Williams: doi.org/10.1093/qje/...

Permanent Capital Losses after Banking Crises* Abstract. We study the mechanisms driving bank losses across historical banking crises in 46 economies and the effectiveness of policy interventions in res

#QJE Feb 2026, #12, “Permanent Capital Losses After Banking Crises,” by Baron, Laeven, Pénasse, and Usenko: doi.org/10.1093/qje/...

Dollar Dominance and the Transmission of Monetary Policy* Abstract. Has the dominance of the dollar in global trade rendered monetary policy ineffective? An emerging view contends that if a country invoices its ex

#QJE Feb 2026, #11, “Dollar Dominance and the Transmission of Monetary Policy,” by McLeay and Tenreyro: doi.org/10.1093/qje/...

The Price of Housing in the United States, 1890–2006* Abstract. We construct the first annual market rent and home sales price series for American cities over the twentieth century using 2.7 million newspaper

#QJE Feb 2026, #10, “The Price of Housing in the United States, 1890–2006,” by Lyons (@ronanlyons), Shertzer (@econhist-allday), Gray (@econhistoryorbust), and Agorastos: doi.org/10.1093/qje/...

Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic* Abstract. In this article, we establish a causal connection between two of the most salient social developments in the United States over the past decades:

#QJE Feb 2026, #9, “Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic,” by Arteaga (@caroartc.bsky.social) and Barone (@vickybarone.bsky.social): doi.org/10.1093/qje/...

Marginal Returns to Public Universities* Abstract. This article studies the returns to enrolling in U.S. public universities by comparing the long-term outcomes of barely admitted versus barely re

#QJE Feb 2026, #8, “Marginal Returns to Public Universities,” by Jack Mountjoy: doi.org/10.1093/qje/...

Who’s Afraid of the Minimum Wage? Measuring the Impacts on Independent Businesses Using Matched U.S. Tax Returns* Abstract. A common concern surrounding minimum wage policies is their impact on independent businesses, which are often feared to be less able to bear or p

#QJE Feb 2026, #7, “Who’s Afraid of the Minimum Wage? Measuring the Impacts on Independent Businesses Using Matched U.S. Tax Returns,” by Rao (@nirupama.bsky.social) and Risch: doi.org/10.1093/qje/...

Bargaining and Inequality in the Labor Market* Abstract. We use novel surveys of firms and workers, linked to administrative employer-employee data, to study the prevalence and importance of individual

#QJE Feb 2026, #6, “Bargaining and Inequality in the Labor Market,” by Caldwell (@sydneecaldwell.bsky.social), Haegele, and Heining: doi.org/10.1093/qje/...

Enlightenment Ideals and Belief in Progress in the Run-up to the Industrial Revolution: A Textual Analysis* Abstract. We trace the evolution of the language of science, religion, and political economy in the centuries leading to the British Industrial Revolution.

#QJE Feb 2026, #5, “Enlightenment Ideals and Belief in Progress in The Run-up to the Industrial Revolution: A Textual Analysis,” by Almelhem, Iyigun, Kennedy, and Rubin (@jaredcrubin): doi.org/10.1093/qje/...

Traditional Institutions in Modern Times: Dowries as Pensions When Sons Migrate* Abstract. This paper uses newly collected data on the allocation of dowry to examine its role in resolving intergenerational frictions around migration in

#QJE Feb 2026, #4, “Traditional Institutions in Modern Times: Dowries as Pensions When Sons Migrate,” by Bau, Khanna, Low, and Voena: doi.org/10.1093/qje/...

Failing Banks* Abstract. Why do banks fail? We create a panel covering most commercial banks from 1863 through 2024 to study the history of failing banks in the United St

#QJE Feb 2026, #3, “Failing Banks,” by Correia (@scorreia.com), Luck, and Verner (@emiverner.bsky.social): doi.org/10.1093/qje/...

Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges* Abstract. We use anonymized admissions data from several colleges linked to income tax records and SAT and ACT test scores to study the determinants and ca

#QJE Feb 2026, #2, “Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges,” by Chetty (@Oppinsights), Deming, and Friedman: doi.org/10.1093/qje/...

Digital Distractions with Peer Influence: The Impact of Mobile App Usage on Academic and Labor Market Outcomes* Abstract. Concerns about excessive mobile phone use among youth are mounting. We present estimates of behavioral and contextual peer effects, along with co

#QJE Feb 2026, #1, “Digital Distractions with Peer Influence: The Impact of Mobile App Usage on Academic and Labor Market Outcomes,” by Barwick, Chen, Fu, and Li: doi.org/10.1093/qje/...

Volume 141 Issue 1 | The Quarterly Journal of Economics | Oxford Academic The official journal of the President and Fellows of Harvard University. The oldest professional journal of economics in the English language, it covers all aspects of the field.

The February 2026 issue of the #QJE is now online here: academic.oup.com/qje/issue/14...