Macroeconomic Dynamics

Article	Citations
Government size and the effectiveness of fiscal policy: the bigger the better?	42
IMF lending in sovereign default	16
Incomplete Exchange Rate Pass-through and International Monetary Policy Cooperation	13
Technical change, task reallocation, and wage inequality	12
House prices and rents: a reappraisal	10
On the decline in the magnitude of the expenditure multiplier	10
Government spending multipliers with the Real Cost channel	9
Human capital-based growth with depopulation and class-size effects: theory and empirics – ERRATUM	7
Uncertainty shocks and monetary policy rules in a small open economy	6
The credit-augmented Divisia aggregates and the monetary business cycle	6
MDY volume 25 issue 6 Cover and Back matter	5
Coordination in price setting and the zero lower bound: a global games approach	5
Non-Gaussian score-driven conditionally heteroskedastic models with a macroeconomic application	5
MDY volume 26 issue 8 Cover and Back matter	5
Structural breaks in seemingly unrelated regression models	5
DEPENDENCE STRUCTURE BETWEEN MONEY AND ECONOMIC ACTIVITY: A MARKOV-SWITCHING COPULA VEC APPROACH	5
Government investment fiscal multipliers: evidence from Euro-area countries	4
Downward nominal wage rigidity and the optimal inflation target	4
Adjustments of factor income tax rates and aggregate (in)stability	4
Price-level determinacy and monetary policy in a model with money and trend inflation	4
A note on variable markup, knowledge spillover, and multiple steady states in the variety expansion model	4
Asymmetric effects of news through uncertainty	4
Okay boomer… Excess money growth, inflation, and population aging	4
The race between offshoring and automation in explaining wage polarization	4
MDY volume 26 issue 6 Cover and Front matter	3

How does skill distribution shape comparative advantage across industries? Theory and evidence	3
The Stabilizing Effects of Publishing Strategic Central Bank Projections	3
Income taxation and job creation	3
Financial markets and misallocation: the long and short of leverage and productivity dispersion	3
A model of safe asset shortage and property taxes in China	3
Fiscal policy and the twin deficits: structural changes matter	3
Stock market volatility and commodity prices	3
A sectoral approach to measuring output gap: Evidence from 20 US Sectors over 1948−2020	3
Estimating the FOMC’s interest rate rule with variable selection and partial regime switching	3
Designing a green memorandum: central bankers, politicians, monetary policy, and macroprudential regulation	3
Monetary policy and welfare in a currency union	3
MDY volume 26 issue 2 Cover and Front matter	3
Conventional vs. unconventional monetary policy under credit regulation	3
Monetary policy transmission in China: dual shocks with dual bond markets	3
Money growth and inflation in the Euro Area, UK, and USA: measurement issues and recent results	3
A tale of two tails: 130 years of growth at risk	3
Severity reduction and private market distortion effects of voluntary and mandatory public annuity plans	3
A note on international spillovers of economic policy uncertainty across business cycles: evidence from OECD countries	2
What Accounts for the German Labor Market Miracle? A Structural VAR Approach	2
On boom-bust stock market dynamics, animal spirits, and the destabilizing nature of temporarily attracting virtual fixed points	2
Air quality in welfare accounting	2
Inflation-linked bonds in incomplete markets with sunspots	2
Aggregate effects of firing costs with endogenous firm productivity growth	2
MDY volume 26 issue 1 Cover and Back matter	2
Technology shocks, directed technical progress and climate change	2
Implementing the commitment solution via discretionary policy-making	2
IS BIGGER MORE EFFECTIVE? SHOCK SIZE AND THE EFFICACY OF MONETARY POLICY	2
A view from outside: sovereign CDS volatility as an indicator of economic uncertainty	2
Three liquid assets	2
Teenage childbearing and the welfare state	2
Creative destruction, human capital accumulation, and growth in a digital economy	2
Lending standards, productivity, and credit crunches	2
Inequality over the business cycle: the role of distributive shocks	2
A model of endogenous education quality: the role of teachers	2
Linear quadratic approximation of rationally inattentive control problems	2
Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions – CORRIGENDUM	2
Presidents, Fed chairs, and the deviations from the Taylor rule	2
Productivity convergence in manufacturing in the Eurozone: a hierarchical panel data approach	2
Undesired monetary policy effects in a bubbly world	2
Simple mandates, monetary rules, and trend-inflation	2
Fiscal policy and inequality in middle- and high-income countries: redistributive effects of tax and spending shocks	2
Transitional dynamics of the saving rate and economic growth	2
A Note on nonconvex adjustment costs in lumpy investment models: Mean versus variance	2
Currency substitution as an automatic stabilizer	2
Optimal forward guidance in monetary policy: Can central banks sway the public with projections?	1
Divisia monetary aggregates, monetary policy and business cycle analysis	1
The time-varying and volatile macroeconomic effects of immigration	1
Mitigation or adaptation to climate change? The role of fiscal policy	1
The dynamics of organic farming conversion in groundwater management	1
MDY volume 26 issue 5 Cover and Back matter	1

Dynamic inefficiency by promoting relative consumption	1
MDY volume 25 issue 8 Cover and Front matter	1
Equilibrium dynamics in a model of growth and spatial agglomeration	1
Automation, productivity, and innovation in information technology	1
Unionization, industry concentration, and economic growth	1
The consequences of US technology changes for productivity in advanced economies	1
Accounting for Mexican business cycles	1
Human capital-based growth with depopulation and class-size effects: theory and empirics	1
The effects of public sector employment on household savings and labor supply	1
Monetary policy announcements, consumers’ inflation expectations, and readiness to spend	1
A Note on Learning, House Prices, and Macro-Financial Linkages	1
Negative income tax and universal basic income in the eyes of Aiyagari	1
Financial or non-financial shocks: rivals that play together	1
Liquidity trap, private behavior preference, and the micro-foundation of fiscal multiplier dynamics	1
Spillovers on the mean and tails: a semiparametric dynamic panel modeling approach	1
A note on the size distribution of government debt	1
Cycles and their important shocks: completing the investigation	1
Coordination frictions and economic growth	1
Central bank credibility and inflation expectations: a microfounded forecasting approach	1
The great lockdown: information, noise, and macroeconomic fluctuations	1
Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions	1
CONSUMERS’ UPDATING, POLICY SHOCKS, AND PUBLIC DEBT: AN EMPIRICAL ASSESSMENT OF STATE DEPENDENCIES	1
Financial frictions, monetary policy, and the term premium	1
Does household debt affect the size of the fiscal multiplier?	1
Recovery from economic disasters	1
Investments, credit guarantees, and government subsidies in a regime-switching framework	1
On Mexican poverty-trap regimes and struggling to escape them	1
Present-biased heterogeneity, marginal propensity to consume, and wealth distribution	1
MDY volume 26 issue 8 Cover and Front matter	1
Love of novelty: a source of innovation-based growth… or underdevelopment traps?	1
How diabolic is the sovereign-bank loop? The effects of post-default fiscal policies	1
The economic effects of government spending: using expectations data to control for information	1
MDY volume 26 issue 2 Cover and Back matter	1
Is the Hamilton regression filter really superior to Hodrick–Prescott detrending?	1
Human brain evolution in a Malthusian economy	1
Unraveling the enigma: decomposing China’s output and productivity growth in the new era—insights from listed companies	0
Auxiliary state method: theory and application	0
Land-price dynamics and macroeconomic fluctuations with general household preferences	0
Solving heterogeneous-belief asset pricing models with short-selling constraints and many agents	0
Drivers of inflation convergence across countries: the role of standard gravity variables	0
Adaptive agents may be smarter than you think: unbiasedness in adaptive expectations	0
Financial shocks to banks, R&D investment, and recessions	0
Consumer preferences and inflation diffusion	0
Elderly care in an aging population: The impact of parental care needs on adult children	0
Conspicuous leisure, time allocation, and obesity Kuznets curves	0
WITHDRAWAL – Global bank risk and monetary policy in an emerging economy	0
How does trade policy uncertainty affect firms’ pollution emissions? Theory and evidence from China	0
UK household-sector money demand and Divisia monetary aggregates in the new millennium	0
Size-dependent financial frictions, capital misallocation, and aggregate productivity	0
Effect of a cost channel on monetary policy transmission in a behavioral new Keynesian model	0
Income tax reductions in production networks	0
Disequilibrium propagation of quantity constraints: application to the COVID lockdowns	0
Household debt and economic growth in Europe	0
Sectorial economic activity and Divisia monetary aggregates	0
Financing intermediate inputs and misallocation	0
A Schumpeterian exploration of Gini and top/bottom income shares	0
Pollution, public debt, and growth: the question of sustainability	0
Estimating sentiment and risk in a consumption model: a factor analysis approach	0
Should the government subsidize innovation or automation?	0
Smells like animal spirits: the sensitivity of corporate investment to sentiment	0
MDY volume 26 issue 6 Cover and Back matter	0
Health risk and the welfare effects of Social Security	0
Money supply and the yield curve	0
The municipal government channel of monetary policy	0
Do business cycles result from stochastic shocks?	0
A granular investigation on the stability of money demand	0
Wealth inequality, entrepreneurship, and aggregate output: a tale of two centuries in the UK	0
Optimal unemployment insurance with behavioral agents	0
Heterogeneous biased expectations of young and old individuals: macroeconomic effects and policy implications	0
Has international CPI inflation comovement strengthened since the global financial crisis?	0
Shock persistence, uncertainty, and news-driven business cycles	0
Financing the low-carbon transition: the impact of financial frictions on clean investment	0
The anatomy of government bond yields synchronization in the Eurozone	0
MDY volume 25 issue 4 Cover and Front matter	0
Intergenerational transfers, differential fertility, and wealth inequality	0
Macro-financial imbalances and cyclical systemic risk dynamics: understanding the factors driving the financial cycle in the presence of non-linearities	0
International capital flows in the process of longevity catch-up	0
An unobserved components model of total factor productivity and the relative price of investment	0
Are the Forecasts of Professionals Compatible with the Taylor Rule? Evidence from the Euro Area	0
Financial shocks and the relative dynamics of tangible and intangible investment: Evidence from the euro area	0

State of broker–dealer leverage and the transmission of monetary policy	0
MDY volume 26 issue 7 Cover and Back matter	0
Financial shocks and inflation dynamics	0
Heterogeneous bequests and social inequalities	0
Frequency-dependent regime-switching in VAR models	0
Credit market developments and sectoral business cycles worldwide	0
No road with roses in developing countries: gender diversification in firm leadership and total factor productivity	0
Extension of unemployment benefits and changes in job search margins	0
MDY volume 25 issue 7 Cover and Back matter	0
Immigration, skill acquisition, and fiscal redistribution in a search equilibrium model	0
Difficulties in finding middle-skilled jobs under increased automation	0
Distance functions and the analysis of inefficiency	0
A Note on the Neo-Fisher Effect in the New Keynesian Model	0
Inference for DEA estimators of malmquist productivity indices: an overview, further improvements, and a guide for practitioners	0
Monetary policy and economic fluctuations	0
Optimal fiscal policy under capital overaccumulation	0
Optimal capital taxation in an economy with innovation-driven growth	0
The effect of central bank credibility on forward guidance in an estimated New Keynesian model	0
Extreme comovements and downside/upside risk spillovers between oil prices and exchange rates	0
A quantitative general equilibrium approach to migration, remittances, and brain drain	0
Automation, job reallocation, occupational choice, and related government policy	0
Large excess reserves, central bank digital currency, and monetary policy	0
A single monetary policy for heterogeneous labour markets: the case of the euro area	0
Monetary policy reaction to geopolitical risks in unstable environments	0
Human capital and pensions with endogenous fertility and retirement	0
Nonseparability of credit card services within Divisia monetary aggregates	0
A note on the neutrality of interest rates	0
MDY volume 25 issue 8 Cover and Back matter	0
Monetary policy in advanced and emerging economies	0
Productivity, competition, and market outcomes	0
Measuring International Uncertainty Using Global Vector Autoregressions with Drifting Parameters	0
R&D finance and economic growth: a Schumpeterian model with endogenous financial structures	0
Central banks, climate risks, and energy transition—a dynamic macro model and econometric evidence	0
Monetary policy and housing market cycles	0
Provision of firm-sponsored training to temporary workers and labor market performance	0
Implications of present-biased preferences on inheritance taxes	0
Government spending multipliers with the Real Cost channel – ERRATUM	0
From Neolithic Revolution to industrialization	0
Robotic capital - skill complementarity	0
WITHDRAWN - GLOBAL BANK RISK AND MONETARY POLICY IN AN EMERGING ECONOMY	0
Revisiting risky money	0
Are inflation movements global in nature?	0
Inflation, inequality, and welfare in a competitive search model	0
Understanding the gains from wage flexibility in a currency union: a fiscal policy connection	0
Untimely destruction: pestilence, war, and accumulation in the long run	0
The effects of Brazilian Central Bank communication on the yield curve	0
Financial openness, bank capital flows, and the effectiveness of macroprudential policies	0
The macroeconomic effects of the tax cuts and jobs act	0
Better understanding how uncertainty impacts the economy: Insights from internet search data on the importance of disaggregation	0
MDY volume 26 issue 4 Cover and Front matter	0
MDY volume 26 issue 5 Cover and Front matter	0
Firms’ Employment Dynamics and the State of the Labor Market	0
Mortgage debt and time-varying monetary policy transmission	0
Asset pricing with costly and delayed firm entry	0
Social Security safety net with rare event risk	0
Homeownership rates, housing policies, and co-residence decisions	0
MDY volume 26 issue 4 Cover and Back matter	0
MDY volume 25 issue 6 Cover and Front matter	0
The cost-of-living index in a cash and credit goods economy	0
Bankruptcy costs, idiosyncratic risk, and long-run growth	0
Tax evasion and optimal corporate income tax rates in a growing economy	0
Time-varying volatility and the housing market	0
Aggregate elasticity of substitution between skills: estimates from a macroeconomic approach	0
LABOR MARKET DYNAMICS UNDER TECHNOLOGY SHOCKS: THE ROLE OF SUBSISTENCE CONSUMPTION	0
Inter-industry trade and business cycle dynamics	0
Endogenous innovation scale and patent policy in a monetary schumpeterian growth model	0
CHILDREN’S LEARNING ENVIRONMENT AND GROWTH-PROMOTING INCOME REDISTRIBUTION	0
Asymmetries in the oil market: accounting for the growing role of China through quantile regressions	0
Vertical specialization, global expansion of supply chain, and convergence	0
Endogenous working hours, overlapping generations, and balanced neoclassical growth	0
Identifying monetary policy shocks with Divisia money in the United Kingdom	0
Relative consumption, relative wealth, and long-run growth: when and why is the standard analysis prone to incorrect conclusions?	0
Co-integration with score-driven models: an application to US real GDP growth, US inflation rate, and effective federal funds rate	0
New evidence on US monetary policy activism and the Taylor rule	0
Vintage article: the effect of monetary policy shocks in the UK: an external instruments approach	0
Aggregate health shock and retirement decision	0
Wealth and Consumption After Job Displacement	0
On the effects of taxation on growth: an empirical assessment	0
ECB’s central bank communication and monetary policy transmission: predictability from text-based sentiment indicators?	0
Sectoral employment effects of state fiscal relief: evidence from the Great Recession	0
The effect of the social security on aggregate effective labor supply: the role of endogenous human capital and of selection effects	0
Should wages be subsidized in a pandemic?	0
Embodied technological progress, heterogeneous multiworker firms, and unemployment	0
Off-track monetary policy and housing	0
Interactive effects between input and output technical inefficiencies	0
Quantifying spillovers of coordinated investment stimulus in the EU	0
On government spending and income inequality under monopolistic competition	0
Simulating multiple equilibria in rational expectations models with occasionally-binding constraints: An algorithm and a policy application	0
MDY volume 26 issue 7 Cover and Front matter	0
Demographics and FDI: lessons from China’s one-child policy	0
Alternative monetary policies and wealth and income inequality: the monetary instrument problem revisited	0
A note on contraception, social norms, and growth	0
Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model	0
Sectoral labor mobility and optimal monetary policy	0
Temporary prosperity or sustainable development: the long-run impact of developing pollution-intensive industries	0