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The ''American Economic Journal'' is a group of four
peer-reviewed Peer review is the evaluation of work by one or more people with similar competencies as the producers of the work ( peers). It functions as a form of self-regulation by qualified members of a profession within the relevant field. Peer revie ...
academic journal An academic journal or scholarly journal is a periodical publication in which scholarship relating to a particular academic discipline is published. Academic journals serve as permanent and transparent forums for the presentation, scrutiny, and ...
s published by the
American Economic Association The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...
. The names of the individual journals consist of the prefix ''American Economic Journal'' with a descriptor of the field attached. The four field journals which started in 2009 are ''Applied Economics'', ''Economic Policy'', ''Macroeconomics'', and ''Microeconomics''.


History

The American Economic Association set up an ad hoc Committee on Journals chaired by Robert Hall which in April 2006, after a three-year study of the subject, recommended that the American Economic Association (AEA) start four new field journals. One of the reasons given was that almost all other academic societies publish more than three journals, and that by adding more journals, the diversity of editors would be increased. Other reasons included the elevated pricing of field journals in economics, most of which are published by
Elsevier Elsevier () is a Dutch academic publishing company specializing in scientific, technical, and medical content. Its products include journals such as '' The Lancet'', '' Cell'', the ScienceDirect collection of electronic journals, '' Trends'', ...
, and the inability of ''
The American Economic Review The ''American Economic Review'' is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of eco ...
'' to deal with the large number of submissions it received. The recommendation to publish the four new journals was approved by the Executive Committee of the AEA in 2006 and the publication start date was set in 2009. The president of the AEA at the time,
George Akerlof George Arthur Akerlof (born June 17, 1940) is an American economist and a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley ...
, appointed a search committees for the editors of the new journals. Although all four journals have a quarterly frequency, the ''American Economic Journal: Applied Economics'' was the only one to have four issues in 2009, its first year of publication. The other three journals had two issues in 2009 and moved to four in 2010.


''American Economic Journal: Applied Economics''

This journal publishes papers covering in
applied economics Applied economics is the study as regards the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics (the other set being the ''core''), it is typically characterized by the application ...
, primarily on empirical microeconomic issues. Fields for this journal include labor economics, development microeconomics,
health economics Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in determining how to improv ...
,
education Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty ...
,
demography Demography () is the statistical study of populations, especially human beings. Demographic analysis examines and measures the dimensions and dynamics of populations; it can cover whole societies or groups defined by criteria such as ed ...
, empirical
corporate finance Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to all ...
, empirical
international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significa ...
, empirical
behavioral economics Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. ...
, and empirical
political economy Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour ...
. This journal has established an online discussion forum at which published articles can be commented on.
Esther Duflo Esther Duflo, FBA (; born 25 October 1972) is a French–American economist who is a professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abd ...
was chosen as the first editor.


''American Economic Journal: Economic Policy''

This journal publishes papers dealing with
economic policy The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the ec ...
and its role in economic outcomes. Fields that may find an outlet in this journal include
public economics Public economics ''(or economics of the public sector)'' is the study of government policy through the lens of economic efficiency and equity. Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve ...
,
urban economics Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance. More specifically, it is a bra ...
, health economics, education, welfare and political institutions,
law and economics Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law, which emerged primarily from scholars of the Chicago school of economics. Economic concepts are used to explain the effects of law ...
, economic regulation, and
environmental economics Environmental economics is a sub-field of economics concerned with environmental issues. It has become a widely studied subject due to growing environmental concerns in the twenty-first century. Environmental economics "undertakes theoretical or ...
. Alan Auerbach was chosen as the first editor. He was followed by Matthew D. Shapiro, the current editor.


''American Economic Journal: Macroeconomics''

This journal publishes papers on macroeconomics, including aggregate fluctuations and growth, and policy related to these fields. Fields that may find an outlet in this journal include monetary theory, industrial organization, finance, labor economics, political economy, public finance, international economics, and development economics.
Olivier Blanchard Olivier Jean Blanchard (; born December 27, 1948) is a French economist and professor who is a senior fellow at the Peterson Institute for International Economics. He was the chief economist at the International Monetary Fund from September 1, 2 ...
was chosen as the first editor. He resigned in 2009 stating that his duties as Chief Economist of the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
proved incompatible with editing the journal in the context of the current financial crisis.Olivier Blanchard. "Report of the Editor. American Economic Journal: Macroeconomics", ''American Economic Review: Papers & Proceedings'', 2009, 99:2, 681–682, . He was replaced by Steven J. Davis. The current editor is John Leahy.


''American Economic Journal: Microeconomics''

This journal publishes papers on
microeconomic theory Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics foc ...
. Fields that may find an outlet in this journal include industrial organization, international trade, political economy, and finance. Andrew Postlewaite was chosen as the first editor.


References

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External links


AEJ: Applied EconomicsAEJ: Economic PolicyAEJ: MacroeconomicsAEJ: Microeconomics
Economics journals Publications established in 2009 English-language journals Quarterly journals Academic journals published by learned and professional societies of the United States American Economic Association academic journals