Journal of Political Economy

Macroeconomists endorse Barro (1979). I prefer Dehejia and Rowe (1995).

4 Comments / Computational Economics, Journal of Political Economy, Macroeconomics, The state of economics /

At today’s macro conference hosted by John Taylor, George Hall presented his paper with Tom Sargent titled “Three world wars: Fiscal-monetary consequences” at today’s Taylor conference. James Bullard asked Hall and Sargent to compare their analysis of taxation and spending with the Barro theory. In their paper, Hall and Sargent say “After World War I […]

Macroeconomists endorse Barro (1979). I prefer Dehejia and Rowe (1995). Read More »

JPE does not want papers written for “smart people”

1 Comment / Computational Economics, Journal of Political Economy, RDCEP, The state of economics /

Cai, Lontzek and I submitted our paper on the social cost of carbon in November, 2012, and received referee reports and a revision request from Monika Piazessi, the JPE editor handling the submission, in November, 2013. A couple of months later, we met with her to discuss the revision. In particular, I wanted to explain

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An Example of the “Tyranny of the Top Five”

5 Comments / Computational Economics, Decisionmaking Under Uncertainty, Economics and Climate Change, Journal of Political Economy, Journals, RDCEP /

In December, 2019, JPE published “The Social Cost of Carbon with Economic and Climate Risks”, a paper I wrote with Yongyang Cai and Thomas Lontzek. I am not listed as an author but the first footnote states that I was a co-author. The history behind that fact is an example of the “tyranny of the

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