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 (2014)	3.593
Indexing
ISSN	0022-3808 (print) 1537-534X (web)
LCCN	08001721
CODEN	JLPEAR
OCLC no.	300934604
JSTOR	00223808
Links
Journal homepage Online archive

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

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 2014 impact factor of 3.593, ranking it 11th out of 333 journals in the category "Economics".

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.

• "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.

• "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.

• "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.

• "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.

• "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.

• "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.

• "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.

External links

• Official website