American Economic Review

Definition

The American Economic Review is a prestigious peer-reviewed academic journal published by the American Economic Association, focusing on a wide range of economic issues and research. It serves as a platform for significant advancements in economic theory and empirical studies, making it essential for understanding economic dynamics and policies in business and economic journalism.

5 Must Know Facts For Your Next Test

1. Founded in 1911, the American Economic Review is one of the oldest and most respected economics journals in the world.
2. It publishes articles that cover a variety of topics within economics, including microeconomics, macroeconomics, and econometrics.
3. The journal has a strong impact on the field of economics due to its rigorous selection process, with only a small percentage of submitted papers being accepted for publication.
4. Articles published in the American Economic Review often influence economic policy discussions and contribute to public understanding of complex economic issues.
5. The journal's annual meeting allows economists to present their research and engage in discussions about contemporary economic challenges.

Review Questions

• How does the peer review process contribute to the credibility of the research published in the American Economic Review?
  • The peer review process enhances the credibility of the American Economic Review by ensuring that all submitted articles undergo thorough evaluation by experts in economics. This scrutiny helps to validate the research methods and findings, maintaining high academic standards. Consequently, readers can trust that the published studies represent reliable insights into economic theories and practices.
• Discuss the impact that articles published in the American Economic Review can have on economic policy formulation.
  • Articles in the American Economic Review can significantly shape economic policy by providing empirical evidence and theoretical frameworks that policymakers rely on when designing strategies. As these articles often address pressing economic issues, they contribute to informed decision-making and public discourse. This connection between research and policy highlights the journal's role as a bridge between academic economics and practical applications.
• Evaluate the significance of the American Economic Review in advancing knowledge within the field of business and economic journalism.
  • The American Economic Review plays a crucial role in advancing knowledge within business and economic journalism by serving as a repository of cutting-edge research that journalists can reference. Its rigorous studies provide a factual basis for reporting on complex economic issues, enabling journalists to present well-informed narratives to their audiences. Moreover, by publishing diverse perspectives on economic problems, the journal encourages critical analysis and discussion among journalists, economists, and policymakers alike.

Related terms

Peer Review: A process where experts in the field evaluate the quality and validity of research before publication, ensuring academic rigor.

Economics: The social science that studies the production, distribution, and consumption of goods and services, influencing economic policies and decisions.

Economic Policy: A course of action that is intended to influence or control the behavior of an economy, often discussed in the context of government regulations and fiscal measures.