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Working Paper
Safeguarding Research: A Review of Economics Journals’ Preservation Policies for Published Code and Data Files
For many years, economics researchers have discussed the importance of sharing codeand data files to ensure replicability. The discussion, however, rarely includes questions aboutlong-term access to those files. This paper looks in-depth at the code and data policies from topeconomics journals to understand the guidance provided to researchers regarding data sharingand asks if that guidance supports preservation of code and data files for access and use, longinto the future. We used content analysis to review journal policies from 184 economics journals.We discovered that while most journals ...
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RBC Methodology and the Development of Aggregate Economic Theory
This essay reviews the development of neoclassical growth theory, a unified theory of aggregate economic phenomena that was first used to study business cycles and aggregate labor supply. Subsequently, the theory has been used to understand asset pricing, growth miracles and disasters, monetary economics, capital accounts, aggregate public finance, economic development, and foreign direct investment. {{p}} The focus of this essay is on real business cycle (RBC) methodology. Those who employ the discipline behind the methodology to address various quantitative questions come up with ...