Front Matter

April 2021 Volume 13, Number 2 American Economic Journal Macroeconomics American Economic Journal Macroeconomics R L Transmission of Monetary Policy with Heterogeneity in Household Portfolios M D, J M. S, H S, E Y Sovereign Debt Restructurings L A. D
, S K , 
J B. N The Trade-Comovement Puzzle J
 G Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations K A J E Risk, the College Premium, and Aggregate Human Capital Investment D D. D, B K. J, H K, R  J. V Oil, Equities, and the Zero Lower Bound J A  
A
 F How Do Mortgage Renances Affect Debt, Default, and Spending? Evidence from HARP J J. D
, G  M , 
E P Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity F S. I, P T. N, 
A S The Choice Channel of Financial Innovation Z L, P  W , 
Z X Interest Rate Liberalization and Capital Misallocations P B 
S T History Dependence in the Housing Market K D, R  E. K, S A. K, D
K N , M O, E  R-H  , 
B H. S Evaluating the Economic Cost of Coastal Flooding ® American Economic Journal THE AMERICAN ECONOMIC ASSOCIATION Founded in 1885 Macroeconomics EXECUTIVE COMMITTEE Elected Officers and Members A journal of the American Economic Association President Typeset by American Economic Association Publi- DAVID CARD, University of California, Berkeley Editor cations, Pittsburgh, Pennsylvania, USA President­elect Simon Gilchrist, New York University Printed at Allen Press CHRISTINA D. ROMER, University of California, Berkeley Lawrence, Kansas, U.S.A. Coeditors Vice Presidents Giorgio Primiceri, Northwestern University AMERICAN ECONOMIC ASSOCIATION and the KERWIN KOFI CHARLES, Yale University “wheat and torch” logo...