Journal of Political Economy

Journal of Political Economy
Abbreviated title (ISO 4)	J. Polit. Econ.
Discipline	Economics
Language	English
Edited by	Philip J. Reny
Publication details
Publisher	University of Chicago Press (United States)
Publication history	1892–present
Frequency	Bimonthly
Impact factor (2012)	3.483
Indexing
ISSN	0022-3808 (print) 1537-534X (web)
LCCN	08001721
CODEN	JLPEAR
OCLC no.	300934604
Links
Journal homepage JSTOR

The Journal of Political Economy is a bimonthly peer-reviewed academic journal published by the University of Chicago Press. It covers both theoretical and empirical economics. It was established in 1892 and the editor-in-chief is Philip J. Reny (University of Chicago).

Abstracting and indexing 1
Notable papers 2
References 3
External links 4

Abstracting and indexing

The journal is abstracted and indexed in:

EBSCO databases
ProQuest
Research Papers in Economics
Current Contents/Social & Behavioral Sciences
Social Sciences Citation Index

According to the Journal Citation Reports, the journal has a 2011 impact factor of 3.483, ranking it 9th out of 332 journals in the category "Economics".^[1]

Notable papers

Among the most influential papers that appeared in the Journal of Political Economy are:

"The Economics of Exhaustible Resources", by Harold Hotelling; Vol. 39, No. 2 (1931), pp. 137–175. JSTOR 1822328

... stated Hotelling's rule, laid foundations to non-renewable resource economics.^[2]

"A Pure Theory of Local Expenditures", by Charles Tiebout; Vol. 64, No. 5 (1956), pp. 416–424. JSTOR 1826343

... suggested non-political solutions to the free rider problem in local governance.

"The Economics of Slavery in the Ante Bellum South", by Alfred H. Conrad and John R. Meyer; Vol. 66, No. 2 (1958), pp. 95–130. JSTOR 1827270

... first to apply econometric methods to a historic question, which triggered the development of Cliometrics.^[3]

"The Pricing of Options and Corporate Liabilities", by Fischer Black and Myron Scholes; Vol. 81, No. 3 (1973), pp. 637–654. JSTOR 1831029

... highly influential for introducing the Black–Scholes model for option pricing.^[4]

"Are Government Bonds Net Wealth?", by Robert Barro; Vol. 82, No. 6 (1974), pp. 1095–1117. JSTOR 1830663

... re-introduced the Ricardian equivalence to macroeconomics, pointing out flaws in Keynesian theory.^[5]

"Rules Rather than Discretion: The Inconsistency of Optimal Plans", by Finn E. Kydland and Edward C. Prescott; Vol. 85, No. 3 (1977), pp. 473–492. JSTOR 1830193

... influential new classical critique of Keynesian macroeconomic modelling.^[6]

"Bank Runs, Deposit Insurance, and Liquidity", by Douglas W. Diamond and Philip H. Dybvig; Vol. 91, No. 3 (1983), pp. 401–419. JSTOR 1837095

... developed a standard model of bank runs known as the Diamond–Dybvig model.

"Endogenous Technological Change", by Paul M. Romer; Vol. 98, No. 5, (1990) pp. S71–S102. JSTOR 2937632

... the second of two papers in which Romer laid foundations to the endogenous growth theory.^[7]

"Increasing Returns and Economic Geography", by Paul Krugman; Vol. 99, No. 3 (1991), pp. 483–499. JSTOR 2937739

... revived the field of economic geography, introducing the core–periphery model.^[8]^[9]

"Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy", by Lawrence J. Christiano, Martin Eichenbaum, and Charles L. Evans; Vol. 113, No. 1 (February 2005), pp. 1–45 JSTOR 426038

... the canonical New Keynesian macroeconomic model; basis for the later Smets–Wouters model that has become the standard at central banks.

References

^ "Journals Ranked by Impact: Economics". 2012
^ Devarajan, Shantayanan; Fisher, Anthony C. (1981). "Hotelling's ‘Economics of Exhaustible Resources’: Fifty Years Later".
^ Fogel, Robert William; Engerman, Stanley L. (1989). "Slavery and the Cliometric Revolution". Time on the Cross: The Economics of American Negro Slavery. New York: W. W. Norton.
^ Read, Colin (2012). The Rise of the Quants: Marschak, Sharpe, Black, Scholes and Merton. London: Palgrave Macmillan.
^ White, Lawrence H. (2012). "From Pleasant Deficit Spending to Unpleasant Sovereign Debt Crisis". The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years. Cambridge University Press. pp. 382–411.
^ Thomas, R. L. (1993). Introductory Econometrics: Theory and Applications (2nd ed.). Harlow: Longman. p. 420.
^ Romer, David (2011). Advanced Macroeconomics (Fourth ed.). New York: McGraw-Hill.
^ Krugman, P. (1998). "What's New About the New Economic Geography?".
^ Fujita, M.; Thisse, J.-F. (2002). "Industrial agglomeration under monopolistic competition". Economics of Agglomeration: Cities, Industrial Location and Regional Growth. Cambridge University Press.

External links

Official website

Categories

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.

Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.

By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Journal of Political Economy