Journal of Macroeconomics

Article	Citations
Borrowing constraints, financial frictions, misallocation and GDP per worker	58
The effects of monetary policy across fiscal regimes	34
COVID-19 inflation weights in the UK and Germany	26
Heterogeneous expectations, indeterminacy, and postwar US business cycles	22
The impact of guidance, short-term dynamics and individual characteristics on firms’ long-term inflation expectations	21
Editorial Board	19
AI revolution and coordination failure: Theory and evidence	18
Balanced-budget rules and macroeconomic stability with overlapping generations	14
Quantifying the uncertainty of long-term macroeconomic projections	14
Automation and the employment elasticity of fiscal policy	13
Who gets the flow? Financial globalisation and wealth inequality	12
Behind rising inequality and falling growth	12
The role of local currency pricing in the international transmission effects of a government spending shock in an economy with vertical production linkage and foreign direct investment	12
The wage dispersion effects of international migration in the European Union	12
Consumer preferences, the demand for Divisia money, and the welfare costs of inflation	12
Monetary policy and reserve requirements with a zero-interest digital euro	12
Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins	11
Inflation and entry costs in a monetary search model	10
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis	10
Taxes and firm investment	10
Fed and ECB monetary policy spillovers to Emerging Market Economies	9
Growing through endogenous innovation cycles	9
Monetary policy rules and the equity premium in a segmented markets model	9
Temporal disaggregation of business dynamics: New evidence for U.S. economy	9
What drives fluctuations of labor wedge and business cycles? Evidence from Japan	8

Fiscal policy, macroeconomic performance and industry structure in a small open economy	8
The macroeconomic impact of radical right populist parties in government	8
The effect of legislated tax changes on the trade balance: Empirical evidence for the United States, Germany, and the United Kingdom	8
Adaptive learning with heterogeneous expectations in an estimated medium-scale New Keynesian model	8
The effects of a money-financed fiscal stimulus under fiscal stress	8
Upstream financial flows, intangible investment, and allocative efficiency	7
Central bank independence, fiscal deficits and currency union: Lessons from Africa	7
Does wealth inequality affect the transmission of monetary policy?	7
Monetary policy in a Schumpeterian economy with endogenous fertility and human capital accumulation	7
Macroeconomic impacts of remittances: A two-country, two-sector model	7
Unemployment insurance, recalls, and experience rating	7
Monetary and fiscal coordination in preventing bank failures and financial contagion	6
How does population aging affect the effectiveness of fiscal stimulus over the business cycle?	6
Editorial Board	6
Business cycle in an oligopolistic economy with entry and exit	6
Unconditionally optimal Ramsey policy	6
Business cycle synchronization and African monetary union: A wavelet analysis	6
Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?	5
Yield curve and the macroeconomy: Evidence from a DSGE model with housing	5
Dispersed consumption versus compressed output: Assessing the sectoral effects of a pandemic	5
Editorial Board	5
Business cycle asymmetries and the labor market	5
Naïve agents with non-unitary discounting rate in a monetary economy	5
Editorial Board	5
Political booms and currency crises	4
Time-varying capital intensities and the hump-shaped evolution of economic activity in manufacturing	4
Migration, community networks and welfare in neoclassical growth models	4
Financial distress and fiscal inflation	4
Public sector employment and aggregate fluctuations	4
Labor productivity forecasts based on a Beveridge–Nelson filter: Is there statistical evidence for a slowdown?	4
Editorial Board	4
On the macroeconomic effects of news about innovations of information technology	4
Laffer curves in emerging market economies: The role of informality	4
Demographic structure, knowledge diffusion, and endogenous productivity growth	4
Uninsured idiosyncratic risk and the government asset Laffer curve	4
Age-specific entrepreneurship and PAYG: Public pensions in Germany	4
Sectoral spillovers across space and time	4
Does automation technology increase wage?	4
Wealth in the utility function, consumption subsidy, and long-run growth and welfare	4
What growth policies protect the environment? A two-engine growth model	4
Government spending news and surprise shocks: It’s the timing and persistence	4
Tax evasion policies and the demand for cash	3
Editorial Board	3
Guest editors’ introduction: Optimal monetary policy: Theory and practice	3
Policy Rules and Economic Performance	3
“When it rains, it pours”: Fiscal policy, credit constraints and business cycles in emerging and developed economies	3
Fiscal stabilization rule	3
Optimal Loan Loss Provisions and Welfare	3
Business cycle fluctuations in Taiwan — A Bayesian DSGE analysis	3
Transportation capital and its effects on the U.S. economy: A general equilibrium approach	3

Long-run scarring effects of meltdowns in a small-scale nonlinear quadratic model	3
Inflation targeting and inflation communication of the Federal Reserve: Words and deeds	3
The age for austerity? Population age structure and fiscal consolidation multipliers	3
Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions	3
Editorial Board	3
Endogenous wage indexation and aggregate shocks	3
What is on the ECB’s mind? Monetary policy before and after the global financial crisis	3
Cryptocurrencies and Cagan’s model of hyperinflation	3
Do central bank words matter in emerging markets? Evidence from Mexico	3
The effects of monetary policy on consumption: Workers vs. retirees	3
Offshoring, computerization, labor market polarization and top income inequality	3
Patent term extensions and commercialization lags in the pharmaceutical industry: A growth-theoretic analysis	3
Balanced-budget fiscal rules and money growth pegging	3
Editorial Board	3
Sources of economic growth in models with non-renewable resources	3
The transmission of monetary policy shocks through the markets for reserves and money	2
The case against eliminating large denomination bills	2
The health gap and its effect on economic outcomes	2
Do fiscal rules shape private-sector investment decisions?	2
Stock market responses to monetary policy shocks: Firm-level evidence	2
Taylor rules: Consequences for wealth and income inequality	2
Jobless recoveries and time variation in labor markets	2
Subsistence consumption and natural resource depletion: Can resource-rich low-income countries realize sustainable consumption paths?	2
Staggered wages, unanticipated shocks and firms’ adjustments	2
Inflation targeting and the composition of public expenditure: Evidence from developing countries	2
Redistributive policy and R&D-based growth	2
Pre- and Post-Global Financial Crisis Policy Multipliers	2
Government expenditure and economic growth: A heterogeneous-agents approach	2
Accounting for structural transformation in the U.S.	2
Asymmetric monetary policy rules for the euro area and the US	2
Editorial Board	2
Unconventional monetary policy, financial frictions, and the equity tandem	2
News-driven international credit cycles	2
Ambiguous economic news and heterogeneity: What explains asymmetric consumption responses?	2
A political economy approach to endogenous industrial policies	2
Seasonal temperature variability and economic cycles	2
Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners	2
What's eating macro?	2
The pace of fiscal consolidations, fiscal sustainability, and welfare: An overlapping generations approach	2
Trust in public institutions, inequality, and digital interaction: Empirical evidence from European Union countries	2
Private and public risk sharing across Italian regions	2
The limits of limitless debt	2
Macroeconomic effects of government spending shocks: New narrative evidence from Canada	1
Editorial Board	1
Congestion in a public health service: A macro approach	1
Monetary policy and credit flows	1
Loss-of-learning and the post-Covid recovery in low-income countries	1
Macroeconomic uncertainty shocks and households’ consumption choice	1
Traditional output dynamics: A structural perspective	1
FDI flows and sudden stops in small open economies	1
How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg	1
Optimal monetary–fiscal policy in the euro area liquidity crisis	1
Forward inflation expectations: Evidence from inflation caps and floors	1
Are monetary policy shocks causal to bank health? Evidence from the euro area	1
Fiscal Consolidations in Developing Countries with a Latin America Focus: The role of Inequality, Informality and Corruption	1
Quantitative analysis of a wealth tax for the United States: Exclusions and expenditures	1
Revisiting the process of aggregate growth recovery after a capital destruction	1
Economic uncertainty, households’ credit situations, and higher education	1
Uncertainty shocks, precautionary pricing, and optimal monetary policy	1
A cautionary note on linear aggregation in macroeconomic models under the RINCE preferences	1
Public investment, national debt, and economic growth: The role of debt finance under dynamic inefficiency	1
Child survival and contraception choice: Theory and evidence	1
Income inequality measures and economic growth channels	1
Unveiling the impact of income taxes on inequality in a HACT model	1
Gender discrimination, inflation, and the business cycle	1
Access to infrastructure and women’s time allocation: Implications for growth and gender equality	1
Household heterogeneity and the price puzzle in a new Keynesian model	1
Human capital heterogeneity of the unemployed and jobless recoveries	1
Delayed retirement policy and unemployment rates	1
Asymmetric effects of uncertainty shocks: Normal times and financial disruptions are different	1
Downward wage rigidity and asymmetric effects of monetary policy	1
Wealth in utility, the Taylor principle and determinacy	1
Measuring the size and dynamics of U.S. state-level shadow economies using a dynamic general equilibrium model with trends	1
Central bank objectives, monetary policy rules, and limited information	1
Trends and cycles in CO2 emissions and incomes: Cross-country evidence on decoupling	1
The impact of the Public Sector Purchase Programme on lending to SMEs	1
Central bank digital currency and financial inclusion	1
A central bank digital currency in a heterogeneous monetary union: Managing the effects on the bank lending channel	1
Imperfect credibility, sticky wages, and welfare	1
Real estate and relative risk aversion with generalized recursive preferences	1

Global models for a global pandemic: The impact of COVID-19 on small euro area economies	1
Consumption responses to inheritances: The role of durable goods	1
Editorial Board	1
Exchange rate predictability with nine alternative models for BRICS countries	1
Editorial Board	1
The medium-run Phillips curve: A time–frequency investigation for the UK	1