Southern Economic Journal

How does temperature affect rural income: Channels and implication of adaptation This paper examines the impact of daily temperature variations on rural income per capita and evaluates the effectiveness of adaptation based on China's county-level socioeconomic statistics and hous...

Qihen Gai of Shanghai Jiao Tong University, Chengzheng Li of Jinan University, and Peng Zhang of the Chinese University of Hong Kong examine the impact of daily temperature variations on rural income in China. #climatechange #temperature #income #China onlinelibrary.wiley.com/doi/epdf/10....

Resource shocks, firm obstacles, and local business in Africa The negative correlation between growth and natural resource abundance is widely studied in the resource curse literature. We add to this literature by examining the heterogeneous effect of resource ...

Jamie Bologna Pavlik of @ttu.edu and Amanda Ross of @uofalabama.bsky.social examine the heterogeneous effect of resource rents on the obstacles faced by different sized firms.
#Africa #Corruption #Obstacles

Estimating average treatment effects with only discrete covariates We propose a kernel smoothing method to estimate average treatment effects (ATE) when covariates are all discrete variables. This approach is based on Ouyang et al. (2009), who developed a Econometri...

"Estimating average treatment effects with only discrete covariates," by Jingping Gu of @uarkansas.bsky.social, Dennis W. Jansen of @tamu.bsky.social, and Xiaoyu Li of YUYI NET.
#AverageTreatmentEffects #DiscreteCovariates #KernelSmoothing

The Presidential Address by Pia M. Orrenius of Federal Reserve Bank of Dallas and @mzavodny.bsky.social of University of North Florida explores the implications of the growing reliance on liminal status in U.S. immigration policy.
#ImmigrationPolicy #TemporaryMigration #UnauthorizedImmigrants

The effect of Certificate‐of‐Need laws on physician earnings and labor supply Despite considerable research on Certificate-of-Need (CON) laws in healthcare provision, there is limited evidence on healthcare providers' labor market responses to these laws. Using data from the A...

"The effect of Certificate-of-Need laws on physician earnings and labor supply," by Moiz Bhai of @ualittlerock.bsky.social.
#CertificateOfNeed #Healthcare #LaborMarket

Kihwan Bae of @kneecenter.bsky.social and @1armedeconomist.bsky.social of @provcollege.bsky.social evaluate the effect of Certificate-of-Need laws on health care workers.
#CertificateOfNeed #HealthCareWorkers #Wages #Employment

The effect of Certificate‐of‐Need laws on substance use disorder care for vulnerable populations Substance use disorders are a prevalent and growing problem across the United States, especially for households that rely on publicly funded healthcare insurance plans. State Certificate-of-Need (CON....

"The effect of Certificate-of-Need laws on substance use disorder care for vulnerable populations," by Alicia Plemmons and Sarah Drain of @westvirginiau.bsky.social & @kneecenter.bsky.social, and @darwyyndeyo.bsky.social of San Jose State University & @kneecenter.bsky.social.
#SubstanceUseDisorder

The effect of substance use Certificate‐of‐Need laws on access to substance use disorder treatment facilities We investigate how substance use Certificate-of-Need (CON) laws influence access to substance use disorder treatment facilities in the United States. We use the National Directory of Drug and Alcohol...

Shishir Shakya of @appalachianstate.bsky.social & Christine Bretschneider-Fries of @westvirginiau.bsky.social investigate how substance use Certificate-of-Need laws influence access to substance use disorder treatment facilities in the United States.
#CertificateOfNeed #SubstanceUseDisorderTreatment

The causal effect of repealing Certificate‐of‐Need laws for ambulatory surgical centers: Does access to medical services increase? In many states, Certificate-of-Need (CON) laws prevent ambulatory surgical centers (ASCs) from entering the market or expanding their services. This paper estimates the causal effects of state ASC-CO...

"The causal effect of repealing Certificate-of-Need laws for ambulatory surgical centers: Does access to medical services increase?" by Thomas Stratmann of @georgemasonu.bsky.social, Markus Bjoerkheim of the Joint Economic Committee Republicans, and Christopher Koopman of the Abundance Institute.

Rural healthcare access and supply constraints: A causal analysis Certificate-of-Need (CON) laws require that healthcare providers receive approval from a state board before offering additional services in a given community. Proponents of CON laws claim that these ...

Vitor Melo of @rand.org, @lsigaud.bsky.social of @westvirginiau.bsky.social, Elijah Neilson of Southern Utah University, and Markus Bjoerkheim of the Joint Economic Committee Republicans offer the first estimate of the causal effects of CON laws on rural and urban healthcare access.
#Regulation

Certificate‐of‐Need laws in healthcare: A comprehensive review of the literature Certificate-of-Need (CON) laws limit the supply of healthcare services in about two-thirds of U.S. states. The regulations require those who wish to open or expand their facilities to first prove tha....

"Certificate-of-Need laws in healthcare: A comprehensive review of the literature," by Matthew D. Mitchell of the Fraser Institute.
#CertificateOfNeed #Healthcare #Regulation

Symposium introduction: Is certificate‐of‐need needed? Certificate-of-need (CON) laws have been extensively studied in the existing literature, but important questions remain on their broad effects in specific settings and select outcomes. In this sympos...

The symposium introduction by Edward J. Timmons of Archbridge Institute examines the question: "Is certificate-of-need needed?"
#CertificateOfNeed #RuralPatients #SubstanceUseDisorderTreatment #LaborMarket

Further evidence on inflation targeting and income distribution This paper examines the effect of inflation targeting (IT) on income distribution in a panel of 70 countries. Employing panel regressions and a variety of propensity score matching methods, we find s....

"Further evidence on inflation targeting and income distribution," by @jtcoys.bsky.social of @uniofeastanglia.bsky.social and Chrysovalantis Vasilakis of @bangoruniversity.bsky.social.
#IncomeDistribution #InflationTargeting #MonetaryPolicy
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Changes in central bank leadership and inflation dynamics The macroeconomic impact of changing central bank leadership is examined. We empirically show that frequent changes in central bank leadership are associated with more volatile inflation rates. To pr....

C. Richard Higgins of @colgate.edu and Irfan A. Qureshi of @adb.org examine the macroeconomic impact of changing central bank leadership.
#MonetaryPolicy #Inflation

"Enhancing resilience with natural growth targeting," by Athanasios Orphanides of MIT.
#FederalReserve #MonetaryPolicy #Pandemic
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The case for nominal GDP level targeting In this paper, I make the case for a nominal GDP level target in the United States. I begin by arguing that the Federal Reserve's current flexible average inflation targeting regime is deficient. I t....

Joshua Hendrickson of @olemiss.bsky.social makes the case for a nominal GDP level target in the United States.
#FederalReserve #MonetaryPolicy #NominalGDP

The fate of FAIT: Salvaging the Fed's framework The Federal Reserve's transition to a flexible average inflation targeting (FAIT) framework in 2020 has come under intense scrutiny, given its failure to prevent the recent inflation surge. These dev...

"The fate of FAIT: Salvaging the Fed's framework," by @davidbeckworth.bsky.social of the Mercatus Center and Patrick J. Horan of Fiscal Lab on Capitol Hill.
#FederalReserve #Inflation #MonetaryPolicy

Should the Federal Reserve raise its inflation target? Standard economic reasoning shows that higher inflation imposes higher tax rates on money balances and unindexed savings, causing financial losses to households and reducing their real incomes. The l...

Lawrence H. White of @georgemasonu.bsky.social explores if the Federal Reserve should raise its inflation target.
#FederalReserve #Inflation #Recession
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Monetarism and Monetary Policy Starting in the 1960s, Milton Friedman defined the monetarist-Keynesian debate. His greatest victory occurred by the end of the 1970s when he argued that the Federal Reserve System, not corporations ...

"Monetarism and Monetary Policy," by Robert L. Hetzel of the Mercatus Center.
#FederalReserve #Inflation #MonetaryPolicy

Mission creep at the Federal Reserve Since the 2008 financial crisis, the Federal Reserve has expanded its objectives beyond the traditional scope of monetary policy. It directly allocates credit, incorporates inequality considerations ...

Louis Rouanet of University of Texas, El Paso and Alexander William Salter of @ttu.edu examine mission creep at the Federal Reserve.
#FederalReserve #BankingPolicy #MonetaryPolicy

How the Federal Reserve got so huge, and why and how it can shrink Following the collapse of Lehman Brothers in September 2008, the Federal Reserve underwent a significant shift in how it implemented monetary policy, transitioning to an excessive-reserves framework ...

"How the Federal Reserve got so huge, and why and how it can shrink," by Bill Nelson of Bank Policy Institute.
#FederalReserve #BankLiquidity #MonetaryPolicy

The failure of forward guidance: Lessons from the pandemic recovery This paper considers the effectiveness of the Federal Reserve's forward guidance in the 2020–2022 recovery from the Coronavirus pandemic. Forward guidance has become a common feature in macroeconomic....

Thomas L. Hogan of University of Austin considers the effectiveness of the Federal Reserve's forward guidance in the 2020–2022 recovery from the Coronavirus pandemic.
#FederalReserve #ForwardGuidance #COVID19

"The devolution of federal reserve monetary policy strategy, 2012–24," by Peter N. Ireland of @bostoncollege.bsky.social.
#FederalReserve #DualMandate #PhillipsCurve
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The rise of inflation targeting This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States. In the gold standard era, farmers' vulnerability to fall...

Carola Binder of University of Texas at Austin discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
#Inflation #MonetaryPolicy #FederalReserve

Symposium introduction: Reviewing the Federal Reserve's framework The Federal Reserve introduced a new monetary policy framework in August 2020. Shortly after, inflation picked up, reaching a 40-year high of 7.0% in June 2022. We explain why prices have risen so hi...

The symposium introduction by Bryan P. Cutsinger and William J. Luther of Florida Atlantic University reviews the Federal Reserve's monetary policy framework introduced in August 2020.
#Greedflation #Inflation #MonetaryPolicy

When user error calls for a product redesign: Poverty in the United States Click on the article title to read more.

The Presidential Address by Gary A. Hoover of @tulaneu.bsky.social examines where poverty in the United States stands today and how we got here.
#Poverty #AmericanFamilies

Camilo Abbate of @ucsantabarbara.bsky.social, Jeffrey Cross of Hamilton College, and Richard Uhrig of the Bureau of Labor Statistics estimate the effect of objective review systems on home field advantage in soccer.
#VideoAssistantReferee #ReviewSystems #Bias

The paradox of transfers: Distribution and the Dutch disease We develop a new model of international trade with nonhomothetic preferences whereby within-country income distribution affects the pattern of trade and economic growth. Alternative forms of foreign ...

"The paradox of transfers: Distribution and the Dutch disease," by Nazanin Behzadan of University of Prince Edward Island and Richard Chisik of @torontomet.bsky.social.
#InternationalTrade #ForeignAid #Remittances
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Theme park rides are Giffen goods Using a unique proprietary data set on the behavior of guests visiting theme parks, I document evidence for Giffen behavior in the demand for theme park rides. On average, when the price of a ride in...

Garth Heutel of @gsueconomics.bsky.social documents evidence for Giffen behavior in the demand for theme park rides.
#ConsumerTheory #Demand #Recreation

Income inequality, banking competition, and monetary policy Previous research has shown that inflation contributes to income inequality. However, in recent years, there have also been increasing concerns about the effects of concentration in the banking syste....

"Income inequality, banking competition, and monetary policy," by Edgar A. Ghossoub of @utsaroadrunners.bsky.social and Robert R. Reed of @uofalabama.bsky.social.
#Inflation #Banking #Income