OOIR: Observatory of International Research

Papers

(The median citation count of Journal of Macroeconomics is 2. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-06-01 to 2025-06-01.)

Article	Citations
Monetary policy rules and the equity premium in a segmented markets model	65
The effects of a money-financed fiscal stimulus under fiscal stress	34
Borrowing constraints, financial frictions, misallocation and GDP per worker	30
Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins	26
Automation and the employment elasticity of fiscal policy	22
Central bank independence, fiscal deficits and currency union: Lessons from Africa	21
Sectoral spillovers across space and time	19
Dispersed consumption versus compressed output: Assessing the sectoral effects of a pandemic	18
Labor productivity forecasts based on a Beveridge–Nelson filter: Is there statistical evidence for a slowdown?	16
Political booms and currency crises	15
Unconditionally optimal Ramsey policy	14
Wealth in the utility function, consumption subsidy, and long-run growth and welfare	13
Upstream financial flows, intangible investment, and allocative efficiency	13
How does population aging affect the effectiveness of fiscal stimulus over the business cycle?	12
Do fiscal rules shape private-sector investment decisions?	12
Business cycle in an oligopolistic economy with entry and exit	12
Unconventional monetary policy, financial frictions, and the equity tandem	11
Redistributive policy and R&D-based growth	11
A cautionary note on linear aggregation in macroeconomic models under the RINCE preferences	11
Taylor rules: Consequences for wealth and income inequality	11
Accounting for structural transformation in the U.S.	11
Do central bank words matter in emerging markets? Evidence from Mexico	11
Traditional output dynamics: A structural perspective	10
Wealth in utility, the Taylor principle and determinacy	10
Staggered wages, unanticipated shocks and firms’ adjustments	9

Gender discrimination, inflation, and the business cycle	9
Private and public risk sharing across Italian regions	9
Central bank objectives, monetary policy rules, and limited information	9
Currency returns and downside risk: Debt, volatility, and the gap from benchmark values	8
Monetary policy and credit flows	8
Was India’s demonetization redistributive? Insights from satellites and surveys	8
Economic uncertainty, households’ credit situations, and higher education	8
Fiscal stabilization in high-debt economies without monetary independence	7
Asymmetric effects of uncertainty shocks: Normal times and financial disruptions are different	7
Time-of-day and day-of-week variations in Amazon Mechanical Turk survey responses	7
On the welfare costs of business cycles: Beyond nondurable goods	7
Informal employment and business cycles in emerging market economies	7
The impact of artificial intelligence on economic growth and welfare	7
Labor productivity and technology heterogeneity	7
Editorial Board	7
Exchange rate dynamics and consumption of traded goods	7
On the welfare cost of business cycles: The role of labor-market heterogeneity	7
Policy coordination and the effectiveness of fiscal stimulus	7
The international real business cycle when demand matters	6
Monetary policy in a Schumpeterian economy with endogenous fertility and human capital accumulation	6
Fiscal policy, macroeconomic performance and industry structure in a small open economy	6
Balanced-budget rules and macroeconomic stability with overlapping generations	6
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis	6
Behind rising inequality and falling growth	6
Rising allowances, rising rates — Can growth arise through business income tax reform despite government debt limit?	6
Monetary policy and reserve requirements with a zero-interest digital euro	6
Heterogeneous expectations, indeterminacy, and postwar US business cycles	6
What growth policies protect the environment? A two-engine growth model	5
Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions	5
“When it rains, it pours”: Fiscal policy, credit constraints and business cycles in emerging and developed economies	5
Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?	5
Offshoring, computerization, labor market polarization and top income inequality	5
Government spending news and surprise shocks: It’s the timing and persistence	5
On the macroeconomic effects of news about innovations of information technology	5
A political economy approach to endogenous industrial policies	5
Behavioral New Keynesian Models: An empirical assessment	4
Real estate and relative risk aversion with generalized recursive preferences	4
Editorial Board	4
The transmission of monetary policy shocks through the markets for reserves and money	4
Transportation capital and its effects on the U.S. economy: A general equilibrium approach	4
Risk aversion and longevity in an overlapping generations model	4
Are monetary policy shocks causal to bank health? Evidence from the euro area	4
Misallocation of talent, teachers’ human capital, and development in Brazil	4
Editorial Board	4
Unveiling the impact of income taxes on inequality in a HACT model	4
Macroeconomic effects of government spending shocks: New narrative evidence from Canada	4
Child survival and contraception choice: Theory and evidence	4
Sources of economic growth in models with non-renewable resources	4
Heterogeneity in sectoral price and quantity responses to shocks to monetary policy	4
Delayed retirement policy and unemployment rates	4

Income inequality measures and economic growth channels	4
Editorial Board	4
Consumption responses to inheritances: The role of durable goods	4
Business cycle fluctuations in Taiwan — A Bayesian DSGE analysis	4
What is on the ECB’s mind? Monetary policy before and after the global financial crisis	4
Forward inflation expectations: Evidence from inflation caps and floors	4
Uncertainty shocks, precautionary pricing, and optimal monetary policy	4
Impact of infectious disease pandemics on individual lifetime consumption: An endogenous time preference approach	4
Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners	3
The macroeconomic costs of conflict	3
Editorial Board	3
Efficiency of short-time work schemes and the role of monetary policy	3
Monetary and fiscal coordination in preventing bank failures and financial contagion	3
Asymmetric monetary policy rules for the euro area and the US	3
Jobless recoveries and time variation in labor markets	3
How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg	3
Financial distress and fiscal inflation	3
Inflation and entry costs in a monetary search model	3
Unemployment insurance, recalls, and experience rating	3
Inflation targeting and inflation communication of the Federal Reserve: Words and deeds	3
Editorial Board	3
Tax evasion policies and the demand for cash	3
Age-specific entrepreneurship and PAYG: Public pensions in Germany	3
The impact of providing information about the ECB’s instruments on inflation expectations and trust in the ECB: Experimental evidence	3
Growing through endogenous innovation cycles	3
Macroeconomic impacts of remittances: A two-country, two-sector model	3
Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data	3
Seasonal temperature variability and economic cycles	3
Stabilizing Taylor rules and determinacy under unit root supply shocks: A re-examination	2
The multifaceted effect of monetary policy on U.S. credit aggregates	2
Fed and ECB monetary policy spillovers to Emerging Market Economies	2
Adaptive learning with heterogeneous expectations in an estimated medium-scale New Keynesian model	2
Large firms and the cyclicality of US labour productivity	2
Editorial Board	2
Bank lending and interest on excess reserves: An empirical investigation	2
The partisanship of a central banker	2
Macroeconomic uncertainty shocks and households’ consumption choice	2
The shape of recovery: Implications of past experience for the duration of the COVID-19 recession	2
Computerizing households and the role of technology shocks in consumer durables	2
The wage dispersion effects of international migration in the European Union	2
The effect of legislated tax changes on the trade balance: Empirical evidence for the United States, Germany, and the United Kingdom	2
Optimal robust monetary and fiscal policy under uncertainty on the lower bound	2
Labour market rigidity and expansionary austerity	2
Exchange rate predictability with nine alternative models for BRICS countries	2
Downward wage rigidity and asymmetric effects of monetary policy	2
Revisiting the process of aggregate growth recovery after a capital destruction	2
Monetary policy, fiscal policy and cross signal jamming	2
Editorial Board	2
AI revolution and coordination failure: Theory and evidence	2
Taxes and firm investment	2
On the marginal excess burden of taxation in an overlapping generations model	2
Business exit during the COVID-19 pandemic: Non-traditional measures in historical context	2
Quantitative analysis of a wealth tax for the United States: Exclusions and expenditures	2
Optimal monetary–fiscal policy in the euro area liquidity crisis	2