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 2021-09-01 to 2025-09-01.)
ArticleCitations
Editorial Board210
The collateral link between volatility and risk sharing204
Expectation-driven boom-bust cycles127
Business cycle asymmetry and input-output structure: The role of firm-to-firm networks90
Averaging impulse responses using prediction pools76
More than words: Fed Chairs’ communication during congressional testimonies71
Shaping inequality and intergenerational persistence of poverty: Free college or better schools?67
Sovereign CoCos and debt forgiveness66
Wealth Inequality and Endogenous Growth65
Capital and income inequality: An aggregate-demand complementarity64
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey58
Wealth inequality dynamics in europe and the united states: Understanding the determinants58
Rising earnings inequality and optimal income tax and social security policies57
Editorial Board56
Learning and the capital age premium51
Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix50
The long and variable lags of monetary policy: Evidence from disaggregated price indices47
Joint search over the life cycle46
Editorial Board46
CBDC and the operational framework of monetary policy45
Beyond the headline: How personal exposure to inflation shapes the financial choices of households45
How to limit the spillover from an inflation surge to inflation expectations?44
How does caste affect entrepreneurship? birth versus worth44
Lessons from history for successful disinflation42
Is a fiscal union optimal for a monetary union?39
Threats to central bank independence: High-frequency identification with twitter39
Monetary policy surprises and their transmission through term premia and expected interest rates37
Comment on “The long and variable lags of monetary policy: Evidence from disaggregated price indices” by S. Borağan Aruoba and Thomas Drechsel36
Bubbly firm dynamics and aggregate fluctuations35
Asset price beliefs and optimal monetary policy34
Stress relief? Funding structures and resilience to the covid shock33
Parameter learning in production economies33
Discussion of “Homeownership segregation”33
A theory of net capital flows over the global financial cycle31
Credit risk and the transmission of interest rate shocks30
Adverse selection and search congestion in over-the-counter markets30
The economics of helicopter money29
Labor market effects of global supply chain disruptions28
Haste makes waste? Quantity-based subsidies under heterogeneous innovations28
Revisiting the monetary transmission mechanism through an industry-level differential approach26
Deep learning for solving dynamic economic models.26
Credit cards, credit utilization, and consumption26
A new approach to integrating expectations into VAR models25
Are IMF rescue packages effective? A synthetic control analysis of macroeconomic crises25
Diminishing treasury convenience premiums: Effects of dealers’ excess demand and balance sheet constraints25
Subjective housing price expectations, falling natural rates, and the optimal inflation target25
Loan types and the bank lending channel23
Committed to flexible fiscal rules23
Information frictions among firms and households22
Local information and firm expectations about aggregates22
Asymmetric information and misaligned inflation expectations21
The long-run redistributive effects of monetary policy21
Editorial Board20
Discussion of: “Central bank challenges posed by uncertain climate change and natural disasters” by Lars Peter Hansen20
Female entrepreneurship in the U.S. 1982–2012: Implications for welfare and aggregate output20
Comments on unequal growth20
Barriers to black entrepreneurship: Implications for welfare and aggregate output over time19
Globalization, structural change and international comovement19
Demographics and the evolution of global imbalances19
The monetary financing of a large fiscal shock19
The unbearable lightness of equilibria in a low interest rate environment19
Comment on “On Wars, Sanctions, and Sovereign Default” by Javier Bianchi and César Sosa-Padilla19
Wealth shocks and portfolio choice18
The unemployment–inflation trade-off revisited: The Phillips curve in COVID times18
The liquidity channel of fiscal policy17
Female entrepreneurship, financial frictions and capital misallocation in the US17
Comment on trade wars and industrial policy competitions: understanding the U.S.-China economic conflicts17
Let's face it: Quantifying the impact of nonverbal communication in FOMC press conferences17
The macroeconomics of automation: Data, theory, and policy analysis17
Unequal growth17
A model of risk sharing in a dual labor market17
All that glitters: A theory of multiple bubbles with implications for cryptocurrencies17
Consumer inflation expectations: Daily dynamics17
The real effects of borrower-based macroprudential policy: Evidence from administrative household-level data16
Occupational reallocation within and across firms: Implications for labor market polarization16
Wage and earnings inequality between and within occupations: The role of labor supply15
Bond market stimulus: Firm-level evidence15
Employment and the residential collateral channel of monetary policy15
Editorial Board15
(Re-)Connecting inflation and the labor market: A tale of two curves14
Inflation expectations and the ECB’s perceived inflation objective: Novel evidence from firm-level data14
International tax competition with rising intangible capital and financial globalization14
Editorial Board14
Undisclosed material inflation risk14
The international spillovers of synchronous monetary tightening14
Central banking challenges posed by uncertain climate change and natural disasters14
Tariff wars, unemployment, and top incomes14
Optimal monetary policy with uncertain private sector foresight13
Skilled immigration frictions as a barrier for young firms13
The macroeconomic consequences of subsistence self-employment13
Editorial Board13
What matters in households’ inflation expectations?13
Quantitative easing with heterogeneous agents13
Sovereign risk and Dutch disease13
Learning about labor markets13
Comment on: “Occupational reallocation within and across firms: Implications for labor-market polarization” By T. Mukoyama, N. Takayama, and S. Tanaka13
The consumption expenditure response to unemployment: Evidence from Norwegian households13
A natural level of capital flows13
An options-based impact study of the negative interest rate policy and forward guidance13
Make-up strategies with finite planning horizons but infinitely forward-looking asset prices12
Discussion of a North–South model of structural change and growth” by Aristizabal Ramirez, Leahy, and Tesar12
Monetary policy and the persistent aggregate effects of wealth redistribution12
Editorial Board12
Investment externalities in models of fire sales11
The economic effects of firm-level uncertainty: Evidence using subjective expectations11
The alpha beta gamma of the labor market11
Editorial Board11
Optimal monetary policy and disclosure with an informationally-constrained central banker11
Uncertainty, imperfect information, and expectation formation over the firm’s life cycle11
Contagion in debt and collateral markets10
Why have interest rates fallen far below the return on capital?10
Central bank communication with non-experts – A road to nowhere?10
Understanding post-COVID inflation dynamics10
Will the AI revolution cause a great divergence?9
Price selection9
Government debt and risk premia9
Information management in times of crisis9
Editorial Board9
Does fiscal policy matter for stock-bond return correlation?9
Editorial Board9
Economic theories and macroeconomic reality9
Comment on: “Optimal Taxation of Multinational Enterprises: A Ramsey Approach”, by Sebastian Dyrda, Guangbin Hong, and Joseph B. Steinberg9
Long-lived employment effects of delays in emergency financing for small businesses9
On wars, sanctions, and sovereign default9
Comment on “central bank policy and the concentration of risk: Empirical estimates” by Nuno Coimbra, Daisoon Kim and Hélène Rey9
A research program on monetary policy for Europe8
State dependence of fiscal multipliers: the source of fluctuations matters8
Understanding the international rise and fall of inflation since 20208
Taylor rule estimation by OLS8
The importance of technology in banking during a crisis8
Unusual shocks in our usual models8
Cross-sectional financial conditions, business cycles and the lending channel8
Predicting the demand for central bank digital currency: A structural analysis with survey data8
Editorial Board7
Neural network learning for nonlinear economies7
Trade and diffusion of embodied technology: an empirical analysis7
Inefficient international risk-sharing7
Abrupt monetary policy change and unanchoring of inflation expectations7
Relative-price changes as aggregate supply shocks revisited: Theory and evidence7
Wealth redistribution in bubbles and crashes7
A comment on: Globalization, trade imbalances and inequality7
Globalization, trade imbalances and inequality7
Negative nominal interest rates and monetary policy7
Inflation at risk7
A new approach to assess inflation expectations anchoring using strategic surveys6
A north-south model of structural change and growth6
The chronology of Brexit and UK monetary policy6
Mortgage choice and inflation experiences in the Eurozone6
A global perspective on post pandemic inflation and its retreat: Remarks prepared for NBER conference on “inflation in the COVID era”6
No firm is an island? How industry conditions shape firms’ expectations6
JME Best Paper Prize 20206
Macroprudential policy with earnings-based borrowing constraints6
Rigid production networks6
Comment on: “International tax competition with rising intangible capital and financial globalization” by Vincenzo Quadrini and José-Victor Ríos-Rull6
Who bears the costs of inflation? Euro area households and the 2021–2023 shock6
Comment on “Rigid production networks” by Pellet and Tahbaz-Salehi6
Market segmentation and spending multipliers6
Comments on “Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight” by Woodford and Xie6
Inflation disasters and consumption6
Decrypting new age international capital flows6
Duopolistic competition and monetary policy6
Sinking ships: Liquidity constraints and return predictability in recessions6
Myopic fiscal objectives and long-Run monetary efficiency5
Measuring monetary policy in the UK: The UK monetary policy event-study database5
What is the source of the intergenerational correlation in earnings?5
State-level economic policy uncertainty5
Comments on “Income differences and health disparities: Roles of preventive vs. curative medicine” by Serdar Ozkan5
Editorial Board5
Euro area monetary policy effects. Does the shape of the yield curve matter?5
Optimal normalization policy under behavioral expectations5
Editorial Board5
Comments on “Wealth inequality dynamics in Europe and the United States: Understanding the determinants” by Blanchet and Martínez-Toledano5
A model of retail banking and the deposits channel of monetary policy5
Heterogeneous job ladders5
Editorial Board5
International trade and macroeconomic dynamics with sanctions4
Endogenous uncertainty and the macroeconomic impact of shocks to inflation expectations4
Credit constraints and firms’ decisions: Lessons from the COVID-19 outbreak4
Optimal trend inflation in an open economy4
A plucking model of business cycles4
The underemployment trap4
Natural gas and the macroeconomy: Not all energy shocks are alike4
How does the fed affect corporate credit costs? Default risk, creditor segmentation and the post-FOMC drift4
Blended identification in structural VARs4
Same actions, different effects: The conditionality of monetary policy instruments4
Discussion of “Heterogeneous Job Ladders”4
Monetary policy, firm heterogeneity, and the distribution of investment rates4
Is there news in inventories?4
Hedge funds and the Treasury cash-futures basis trade4
What is the source of the intergenerational correlation in earnings? A comment4
Income differences and health disparities: Roles of preventive vs. curative medicine4
Discussion of “cash: A blessing or a curse?”4
Cyclicality of uncertainty and disagreement4
The Credit Channel of Public Procurement4
Earnings growth, job flows and churn3
Editorial Board3
Do firm expectations respond to monetary policy announcements?3
Wealth accumulation, on-the-job search and inequality3
The emergence of procyclical fertility: The role of breadwinner women3
Style over substance? Advertising, innovation, and endogenous market structure3
Central Bank Policy and the concentration of risk: Empirical estimates3
Editorial Board3
Forecast revisions as instruments for news shocks3
Introduction to the 100th Carnegie-Rochester-New York University Conference on Public Policy Volume3
Editorial Board3
Editorial Board3
A model of expenditure shocks3
US Fiscal cycle and the dollar3
Dynamic information aggregation: Learning from the past3
Optimal taxation of multinational enterprises: A Ramsey approach3
Editorial Board3
Money runs3
Editorial Board3
The inflation expectations of U.S. firms: Evidence from a new survey3
Price setting on the two sides of the Atlantic - Evidence from supermarket scanner data3
Comment on “The supply and demand for safe assets”3
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