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I was under the impression that what beagle07 suggested is true. Of course, you will find counterexamples, like israelecon mentions, but those seem to be outliers. It's really hard to tell because there's a lot of endogeneity between publishing at top journals and being affiliated with a top institution.
Another thought is that top field journals are an important outlet for good research that may not be high-impact enough to get into the top broader journals. I remember a paper on Heckscher-Ohlin business cycles published in the Review of Economic Dynamics that was really good and put forward a very interesting theory in an innovative way, but failed to address a key stylized fact. Then one professor said that had the model been able to address that issue it would've been published at JPE. I don't know anybody who would dismiss RED the way israelecon's professor dismissed SEJ.
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