Journal of Monetary Economics

Papers
(The median citation count of Journal of Monetary Economics 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 2022-05-01 to 2026-05-01.)
ArticleCitations
Expectation-driven boom-bust cycles136
Averaging impulse responses using prediction pools72
Sovereign CoCos and debt forgiveness69
FraNK: Fragmentation in the NK Model65
More than words: Fed Chairs’ communication during congressional testimonies60
Wealth Inequality and Endogenous Growth60
Business cycle asymmetry and input-output structure: The role of firm-to-firm networks60
Editorial Board59
Wealth inequality dynamics in europe and the united states: Understanding the determinants55
Shaping inequality and intergenerational persistence of poverty: Free college or better schools?53
Revisiting the forecasts of others51
Central bank reputation with noise45
The timing of shocks matters in optimal monetary policy45
The natural rate of interest through a hall of mirrors43
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey42
Rising earnings inequality and optimal income tax and social security policies42
The collateral link between volatility and risk sharing41
Coordinating business cycles38
The long and variable lags of monetary policy: Evidence from disaggregated price indices37
Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix37
Joint search over the life cycle36
Editorial Board35
Lessons from history for successful disinflation34
Editorial Board34
Learning and the capital age premium33
Heterogeneous innovations and growth under imperfect technology spillovers32
Is a fiscal union optimal for a monetary union?32
How does caste affect entrepreneurship? birth versus worth31
Beyond the headline: How personal exposure to inflation shapes the financial choices of households30
How to limit the spillover from an inflation surge to inflation expectations?30
Threats to central bank independence: High-frequency identification with twitter29
Comment on “The long and variable lags of monetary policy: Evidence from disaggregated price indices” by S. Borağan Aruoba and Thomas Drechsel28
CBDC and the operational framework of monetary policy28
Parameter learning in production economies27
The economics of helicopter money27
Discussion of “Homeownership segregation”26
A theory of net capital flows over the global financial cycle26
Labor market effects of global supply chain disruptions26
Inflation-stabilizing monetary and fiscal policy rules at and away from the lower bound25
Haste makes waste? Quantity-based subsidies under heterogeneous innovations25
Adverse selection and search congestion in over-the-counter markets25
Bubbly firm dynamics and aggregate fluctuations25
Stress relief? Funding structures and resilience to the covid shock24
Revisiting the monetary transmission mechanism through an industry-level differential approach24
Credit cards, credit utilization, and consumption24
Credit risk and the transmission of interest rate shocks24
Overconfidence in private information explains biases in professional forecasts24
Committed to flexible fiscal rules23
The long-run redistributive effects of monetary policy23
Diminishing treasury convenience premiums: Effects of dealers’ excess demand and balance sheet constraints22
Subjective housing price expectations, falling natural rates, and the optimal inflation target22
A new approach to integrating expectations into VAR models21
Local information and firm expectations about aggregates21
Asymmetric information and misaligned inflation expectations21
Information frictions among firms and households20
Editorial Board20
Female entrepreneurship in the U.S. 1982–2012: Implications for welfare and aggregate output20
Comments on unequal growth20
Globalization, structural change and international comovement20
A model of risk sharing in a dual labor market19
The unemployment–inflation trade-off revisited: The Phillips curve in COVID times19
The crowding-in effects of local government debt in China19
Barriers to black entrepreneurship: Implications for welfare and aggregate output over time19
The monetary financing of a large fiscal shock19
Comment on “On Wars, Sanctions, and Sovereign Default” by Javier Bianchi and César Sosa-Padilla19
Consumer inflation expectations: Daily dynamics18
Unequal growth18
All that glitters: A theory of multiple bubbles with implications for cryptocurrencies18
Employment and the residential collateral channel of monetary policy18
Comment on trade wars and industrial policy competitions: understanding the U.S.-China economic conflicts17
Wealth shocks and portfolio choice17
Female entrepreneurship, financial frictions and capital misallocation in the US17
Occupational reallocation within and across firms: Implications for labor market polarization17
The real effects of borrower-based macroprudential policy: Evidence from administrative household-level data16
Bond market stimulus: Firm-level evidence16
The liquidity channel of fiscal policy16
Let's face it: Quantifying the impact of nonverbal communication in FOMC press conferences16
(Re-)Connecting inflation and the labor market: A tale of two curves15
Wage and earnings inequality between and within occupations: The role of labor supply15
Skilled immigration frictions as a barrier for young firms15
The international spillovers of synchronous monetary tightening14
Inflation expectations and the ECB’s perceived inflation objective: Novel evidence from firm-level data14
Firm dynamics and random search over the business cycle14
Behavioral sticky prices14
International tax competition with rising intangible capital and financial globalization14
The role of wage expectations in the labor market14
Undisclosed material inflation risk14
Editorial Board13
Tariff wars, unemployment, and top incomes13
Learning about labor markets13
What matters in households’ inflation expectations?13
A natural level of capital flows13
Optimal monetary policy with uncertain private sector foresight13
Comment on: “Occupational reallocation within and across firms: Implications for labor-market polarization” By T. Mukoyama, N. Takayama, and S. Tanaka13
The macroeconomic consequences of subsistence self-employment13
Sovereign risk and Dutch disease13
An options-based impact study of the negative interest rate policy and forward guidance12
Monetary policy and the persistent aggregate effects of wealth redistribution12
Motivating banks to lend? Credit spillover effects of the Main Street Lending Program12
The consumption expenditure response to unemployment: Evidence from Norwegian households12
Uncertainty, imperfect information, and expectation formation over the firm’s life cycle11
Understanding post-COVID inflation dynamics11
Make-up strategies with finite planning horizons but infinitely forward-looking asset prices11
Discussion of a North–South model of structural change and growth” by Aristizabal Ramirez, Leahy, and Tesar11
The alpha beta gamma of the labor market11
Oil price fluctuations, US banks, and macroprudential policy11
The economic effects of firm-level uncertainty: Evidence using subjective expectations11
Editorial Board11
Contagion in debt and collateral markets11
Editorial Board11
On wars, sanctions, and sovereign default10
Editorial Board10
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Understanding the international rise and fall of inflation since 202010
Long-lag VARs10
Does fiscal policy matter for stock-bond return correlation?10
Long-lived employment effects of delays in emergency financing for small businesses10
Cross-sectional financial conditions, business cycles and the lending channel10
Comment on: “Optimal Taxation of Multinational Enterprises: A Ramsey Approach”, by Sebastian Dyrda, Guangbin Hong, and Joseph B. Steinberg10
Biased expectations and labor market outcomes: Evidence from German survey data and implications for the East–West wage gap10
Government debt and risk premia10
Information management in times of crisis10
The importance of technology in banking during a crisis9
Negative nominal interest rates and monetary policy9
A research program on monetary policy for Europe9
Predicting the demand for central bank digital currency: A structural analysis with survey data9
Globalization, trade imbalances and inequality9
The Geography of job creation and job destruction9
State dependence of fiscal multipliers: the source of fluctuations matters9
Unusual shocks in our usual models9
Firm idiosyncratic risk and productivity investment: Macroeconomic implications8
Comment on “Rigid production networks” by Pellet and Tahbaz-Salehi8
Climate change and the macroeconomics of bank capital regulation8
A comment on: Globalization, trade imbalances and inequality8
Relative-price changes as aggregate supply shocks revisited: Theory and evidence8
Inflation at risk8
Duopolistic competition and monetary policy8
Abrupt monetary policy change and unanchoring of inflation expectations8
Inefficient international risk-sharing8
Who bears the costs of inflation? Euro area households and the 2021–2023 shock8
Trade and diffusion of embodied technology: an empirical analysis8
Market segmentation and spending multipliers8
Editorial Board8
Neural network learning for nonlinear economies8
A new approach to assess inflation expectations anchoring using strategic surveys7
Is it AI or data that drives firm market power?7
Comment on: “International tax competition with rising intangible capital and financial globalization” by Vincenzo Quadrini and José-Victor Ríos-Rull7
A north-south model of structural change and growth7
A global perspective on post pandemic inflation and its retreat: Remarks prepared for NBER conference on “inflation in the COVID era”7
Artificial intelligence and technological unemployment7
Spread too thin: The impact of lean inventories7
Dispersed information, nominal rigidities and monetary business cycles: A Hayekian perspective7
Sinking ships: Liquidity constraints and return predictability in recessions7
Competition and the Phillips curve7
Mortgage choice and inflation experiences in the Eurozone7
The chronology of Brexit and UK monetary policy6
Inflation disasters and consumption6
Editorial Board6
Rigid production networks6
Decrypting new age international capital flows6
Comments on “Wealth inequality dynamics in Europe and the United States: Understanding the determinants” by Blanchet and Martínez-Toledano6
Macroprudential policy with earnings-based borrowing constraints6
Optimal normalization policy under behavioral expectations6
State-level economic policy uncertainty5
Editorial Board5
Myopic fiscal objectives and long-Run monetary efficiency5
Wage growth and labor market tightness5
Heterogeneous job ladders5
Discussion of “Heterogeneous Job Ladders”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
Measuring monetary policy in the UK: The UK monetary policy event-study database5
Editorial Board5
A model of retail banking and the deposits channel of monetary policy5
Euro area monetary policy effects. Does the shape of the yield curve matter?5
International trade and macroeconomic dynamics with sanctions4
The Credit Channel of Public Procurement4
The underemployment trap4
Income differences and health disparities: Roles of preventive vs. curative medicine4
Cyclicality of uncertainty and disagreement4
A plucking model of business cycles4
Optimal trend inflation in an open economy4
Blended identification in structural VARs4
Credit constraints and firms’ decisions: Lessons from the COVID-19 outbreak4
Life-cycle worker flows and cross-country differences in aggregate employment4
Same actions, different effects: The conditionality of monetary policy instruments4
Biased surveys4
How does the fed affect corporate credit costs? Default risk, creditor segmentation and the post-FOMC drift4
Endogenous uncertainty and the macroeconomic impact of shocks to inflation expectations4
Natural gas and the macroeconomy: Not all energy shocks are alike4
Introduction to the 100th Carnegie-Rochester-New York University Conference on Public Policy Volume3
Editorial Board3
Robot adoption and inflation dynamics3
Forecast revisions as instruments for news shocks3
Editorial Board3
Editorial Board3
Explicit consumption functions with borrowing constraints: A continuous-time approach3
Editorial Board3
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Inequality and asset prices during Sudden Stops3
Earnings growth, job flows and churn3
Editorial Board3
Monetary policy, firm heterogeneity, and the distribution of investment rates3
What is the source of the intergenerational correlation in earnings? A comment3
Editorial Board3
Optimal taxation of multinational enterprises: A Ramsey approach3
The inflation expectations of U.S. firms: Evidence from a new survey3
Hedge funds and the Treasury cash-futures basis trade3
Quantifying the allocative efficiency of capital: The role of capital utilization2
Staggered contracts and unemployment during recessions2
Wage employment, unemployment and self-employment across countries2
Austerity and distributional policy2
A model of expenditure shocks2
A theory of fear of floating2
Consumer demand and credit supply as barriers to growth for Black-owned startups2
Editorial Board2
Estimating the Fed’s unconventional policy shocks2
Why do rational investors like variance at the peak of a crisis? A learning-based explanation2
Price setting on the two sides of the Atlantic - Evidence from supermarket scanner data2
Wealth accumulation, on-the-job search and inequality2
Dynamic information aggregation: Learning from the past2
The emergence of procyclical fertility: The role of breadwinner women2
Dynamic macroeconomic implications of immigration2
Elasticity of substitution between robots and workers: Theory and evidence from Japanese robot price data2
Ex ante heterogeneity, separations, and labor market dynamics2
Discussion of “Who bears the costs of inflation? Euro area households and the 2021–2022 shock”2
Tokenomics: Optimal monetary and fee policies2
Comment on the alpha beta gamma of the labor market2
A choice-based approach to the measurement of inflation expectations2
Style over substance? Advertising, innovation, and endogenous market structure2
Do firm expectations respond to monetary policy announcements?2
“Fencing off silicon valley: Cross-border venture capital and technology spillovers”2
AI and task efficiency2
Overreaction and macroeconomic fluctuation of the external balance2
Cross country stock market comovement: A macro perspective2
The rise of AI pricing: Trends, driving forces, and implications for firm performance2
Strategic referrals and on-the-job search equilibrium2
Editorial Board2
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