Journal of Monetary Economics

Papers
(The median citation count of Journal of Monetary Economics is 3. 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 2021-07-01 to 2025-07-01.)
ArticleCitations
Editorial Board201
Wealth Inequality and Endogenous Growth187
The collateral link between volatility and risk sharing111
Shaping inequality and intergenerational persistence of poverty: Free college or better schools?97
Expectation-driven boom-bust cycles84
Business cycle asymmetry and input-output structure: The role of firm-to-firm networks71
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey68
Rising earnings inequality and optimal income tax and social security policies63
Capital and income inequality: An aggregate-demand complementarity63
Averaging impulse responses using prediction pools61
Sovereign CoCos and debt forgiveness58
Wealth inequality dynamics in europe and the united states: Understanding the determinants54
More than words: Fed Chairs’ communication during congressional testimonies54
Editorial Board54
Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix51
Threats to central bank independence: High-frequency identification with twitter47
The long and variable lags of monetary policy: Evidence from disaggregated price indices44
Discussion of “The dynamic effects of antitrust policy on growth and welfare”43
Monetary policy surprises and their transmission through term premia and expected interest rates43
Editorial Board42
Learning and the capital age premium41
Joint search over the life cycle41
How to limit the spillover from an inflation surge to inflation expectations?41
How does caste affect entrepreneurship? birth versus worth40
CBDC and the operational framework of monetary policy40
Lessons from history for successful disinflation39
Is a fiscal union optimal for a monetary union?35
Beyond the headline: How personal exposure to inflation shapes the financial choices of households35
Comment on “The long and variable lags of monetary policy: Evidence from disaggregated price indices” by S. Borağan Aruoba and Thomas Drechsel34
Comment on (Un)pleasant ... by Bond et al (2020)33
Discussion of “Monetary policy, customer capital, and market power” by Morlacco and Zeke32
Stress relief? Funding structures and resilience to the covid shock30
Asset price beliefs and optimal monetary policy30
Bubbly firm dynamics and aggregate fluctuations30
Discussion of “Homeownership segregation”29
Parameter learning in production economies28
Comments on “Regulation and security design in concentrated markets” by A. Babus and K. Hachem (2021)28
Adverse selection and search congestion in over-the-counter markets28
A theory of net capital flows over the global financial cycle28
The economics of helicopter money27
Labor market effects of global supply chain disruptions26
Haste makes waste? Quantity-based subsidies under heterogeneous innovations24
Deep learning for solving dynamic economic models.24
Credit cards, credit utilization, and consumption24
Revisiting the monetary transmission mechanism through an industry-level differential approach24
Credit risk and the transmission of interest rate shocks23
Editorial Board23
Asymmetric information and misaligned inflation expectations22
The long-run redistributive effects of monetary policy22
Information frictions among firms and households21
Local information and firm expectations about aggregates21
A new approach to integrating expectations into VAR models20
Subjective housing price expectations, falling natural rates, and the optimal inflation target20
Are IMF rescue packages effective? A synthetic control analysis of macroeconomic crises20
Diminishing treasury convenience premiums: Effects of dealers’ excess demand and balance sheet constraints19
Loan types and the bank lending channel19
Female entrepreneurship in the U.S. 1982–2012: Implications for welfare and aggregate output18
Editorial Board18
Discussion of “The ‘Matthew effect’ and market concentration: Search complementarities and monopsony power” by Fernández-Villaverde, Mandelman, Yu and Zanetti18
Comments on unequal growth18
Globalization, structural change and international comovement18
Discussion of: “Central bank challenges posed by uncertain climate change and natural disasters” by Lars Peter Hansen18
The unemployment–inflation trade-off revisited: The Phillips curve in COVID times17
The monetary financing of a large fiscal shock17
Demographics and the evolution of global imbalances17
Barriers to black entrepreneurship: Implications for welfare and aggregate output over time17
Wealth shocks and portfolio choice17
Comment on “On Wars, Sanctions, and Sovereign Default” by Javier Bianchi and César Sosa-Padilla17
The unbearable lightness of equilibria in a low interest rate environment17
Comment on “Low Interest Rates and Risk Incentives for Banks with Market Power,” by Whited, Wu, and Xiao17
Unequal growth16
Occupational reallocation within and across firms: Implications for labor market polarization16
The macroeconomics of automation: Data, theory, and policy analysis15
A model of risk sharing in a dual labor market15
Let's face it: Quantifying the impact of nonverbal communication in FOMC press conferences14
Comment on trade wars and industrial policy competitions: understanding the U.S.-China economic conflicts14
The liquidity channel of fiscal policy14
Bond market stimulus: Firm-level evidence14
Consumer inflation expectations: Daily dynamics14
The real effects of borrower-based macroprudential policy: Evidence from administrative household-level data14
All that glitters: A theory of multiple bubbles with implications for cryptocurrencies14
Editorial Board13
Female entrepreneurship, financial frictions and capital misallocation in the US13
Editorial Board13
Employment and the residential collateral channel of monetary policy13
Undisclosed material inflation risk13
Wage and earnings inequality between and within occupations: The role of labor supply13
The macroeconomic consequences of subsistence self-employment12
Tariff wars, unemployment, and top incomes12
Central banking challenges posed by uncertain climate change and natural disasters12
Sovereign risk and Dutch disease12
Learning about labor markets12
Editorial Board12
The international spillovers of synchronous monetary tightening12
International tax competition with rising intangible capital and financial globalization12
A natural level of capital flows12
(Re-)Connecting inflation and the labor market: A tale of two curves12
Inflation expectations and the ECB’s perceived inflation objective: Novel evidence from firm-level data12
Comment on: “Occupational reallocation within and across firms: Implications for labor-market polarization” By T. Mukoyama, N. Takayama, and S. Tanaka12
Quantitative easing with heterogeneous agents11
An options-based impact study of the negative interest rate policy and forward guidance11
The consumption expenditure response to unemployment: Evidence from Norwegian households11
What matters in households’ inflation expectations?10
Editorial Board10
The alpha beta gamma of the labor market10
Editorial Board10
Make-up strategies with finite planning horizons but infinitely forward-looking asset prices10
Discussion of a North–South model of structural change and growth” by Aristizabal Ramirez, Leahy, and Tesar10
Uncertainty, imperfect information, and expectation formation over the firm’s life cycle10
Monetary policy and the persistent aggregate effects of wealth redistribution10
The economic effects of firm-level uncertainty: Evidence using subjective expectations10
Investment externalities in models of fire sales10
Editorial Board9
Information management in times of crisis9
Price selection9
Central bank communication with non-experts – A road to nowhere?9
Editorial Board9
Does fiscal policy matter for stock-bond return correlation?9
Government debt and risk premia9
Optimal monetary policy and disclosure with an informationally-constrained central banker9
Why have interest rates fallen far below the return on capital?9
Understanding post-COVID inflation dynamics9
Long-lived employment effects of delays in emergency financing for small businesses9
Comment on: “Optimal Taxation of Multinational Enterprises: A Ramsey Approach”, by Sebastian Dyrda, Guangbin Hong, and Joseph B. Steinberg9
Contagion in debt and collateral markets9
Economic theories and macroeconomic reality8
Will the AI revolution cause a great divergence?8
Unusual shocks in our usual models8
On wars, sanctions, and sovereign default8
State dependence of fiscal multipliers: the source of fluctuations matters8
Comment on “central bank policy and the concentration of risk: Empirical estimates” by Nuno Coimbra, Daisoon Kim and Hélène Rey8
A research program on monetary policy for Europe8
Cross-sectional financial conditions, business cycles and the lending channel7
Understanding the international rise and fall of inflation since 20207
Inefficient international risk-sharing7
Relative-price changes as aggregate supply shocks revisited: Theory and evidence7
The importance of technology in banking during a crisis7
Predicting the demand for central bank digital currency: A structural analysis with survey data7
Neural network learning for nonlinear economies7
Globalization, trade imbalances and inequality7
Taylor rule estimation by OLS7
A comment on: Globalization, trade imbalances and inequality7
Abrupt monetary policy change and unanchoring of inflation expectations7
Editorial Board7
Market segmentation and spending multipliers6
A new approach to assess inflation expectations anchoring using strategic surveys6
JME Best Paper Prize 20206
A global perspective on post pandemic inflation and its retreat: Remarks prepared for NBER conference on “inflation in the COVID era”6
Who bears the costs of inflation? Euro area households and the 2021–2023 shock6
Trade and diffusion of embodied technology: an empirical analysis6
No firm is an island? How industry conditions shape firms’ expectations6
Comment on: “International tax competition with rising intangible capital and financial globalization” by Vincenzo Quadrini and José-Victor Ríos-Rull6
Wealth redistribution in bubbles and crashes6
Duopolistic competition and monetary policy6
Comment on “Rigid production networks” by Pellet and Tahbaz-Salehi6
Comments on “Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight” by Woodford and Xie6
Sinking ships: Liquidity constraints and return predictability in recessions6
Inflation at risk6
A north-south model of structural change and growth5
Macroprudential policy with earnings-based borrowing constraints5
Rigid production networks5
Comments on “Wealth inequality dynamics in Europe and the United States: Understanding the determinants” by Blanchet and Martínez-Toledano5
Heterogeneous job ladders5
The chronology of Brexit and UK monetary policy5
Inflation disasters and consumption5
Euro area monetary policy effects. Does the shape of the yield curve matter?5
Comments on “Income differences and health disparities: Roles of preventive vs. curative medicine” by Serdar Ozkan5
What is the source of the intergenerational correlation in earnings?5
Mortgage choice and inflation experiences in the Eurozone5
Decrypting new age international capital flows5
Editorial Board5
Measuring monetary policy in the UK: The UK monetary policy event-study database5
Myopic fiscal objectives and long-Run monetary efficiency5
A model of retail banking and the deposits channel of monetary policy4
Discussion of “cash: A blessing or a curse?”4
Cyclicality of uncertainty and disagreement4
Editorial Board4
Natural gas and the macroeconomy: Not all energy shocks are alike4
Endogenous uncertainty and the macroeconomic impact of shocks to inflation expectations4
Is there news in inventories?4
State-level economic policy uncertainty4
Same actions, different effects: The conditionality of monetary policy instruments4
The Credit Channel of Public Procurement4
Optimal trend inflation in an open economy4
Monetary policy, firm heterogeneity, and the distribution of investment rates4
How does the fed affect corporate credit costs? Default risk, creditor segmentation and the post-FOMC drift4
Blended identification in structural VARs4
Optimal normalization policy under behavioral expectations4
Editorial Board4
Discussion of “Heterogeneous Job Ladders”4
A plucking model of business cycles4
The underemployment trap4
Income differences and health disparities: Roles of preventive vs. curative medicine4
Credit constraints and firms’ decisions: Lessons from the COVID-19 outbreak4
Earnings growth, job flows and churn3
Money runs3
Editorial Board3
Monetary policy, customer capital, and market power3
Dynamic information aggregation: Learning from the past3
Optimal taxation of multinational enterprises: A Ramsey approach3
Central Bank Policy and the concentration of risk: Empirical estimates3
What is the source of the intergenerational correlation in earnings? A comment3
Introduction to the 100th Carnegie-Rochester-New York University Conference on Public Policy Volume3
Forecast revisions as instruments for news shocks3
Discussion of “Government policies in a granular global economy”3
Wealth accumulation, on-the-job search and inequality3
Do firm expectations respond to monetary policy announcements?3
Editorial Board3
Editorial Board3
Discussion of “Concentration in international markets: Evidence from US imports” (Alessandra Bonfiglioli, Rosario Crino and Gino Gancia)3
The inflation expectations of U.S. firms: Evidence from a new survey3
Comment on “The supply and demand for safe assets”3
Editorial Board3
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