OOIR: Observatory of International Research

Papers

(The TQCC of Macroeconomic Dynamics is 1. 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.)

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	15
Technical change, task reallocation, and wage inequality	13
On the decline in the magnitude of the expenditure multiplier	10
House prices and rents: a reappraisal	10
Government spending multipliers with the Real Cost channel	9
Human capital-based growth with depopulation and class-size effects: theory and empirics – ERRATUM	8
Coordination in price setting and the zero lower bound: a global games approach	6
Uncertainty shocks and monetary policy rules in a small open economy	6
The credit-augmented Divisia aggregates and the monetary business cycle	6
Non-Gaussian score-driven conditionally heteroskedastic models with a macroeconomic application	5
Asymmetric effects of news through uncertainty	5
Downward nominal wage rigidity and the optimal inflation target	5
Stock market volatility and commodity prices	5
MDY volume 25 issue 6 Cover and Back matter	5
MDY volume 26 issue 8 Cover and Back matter	5
Structural breaks in seemingly unrelated regression models	5
MDY volume 26 issue 6 Cover and Front matter	4
How does skill distribution shape comparative advantage across industries? Theory and evidence	4
Government investment fiscal multipliers: evidence from Euro-area countries	4
Adjustments of factor income tax rates and aggregate (in)stability	4
Fiscal policy and the twin deficits: structural changes matter	4
The race between offshoring and automation in explaining wage polarization	4
Price-level determinacy and monetary policy in a model with money and trend inflation	4

Monetary policy transmission in China: dual shocks with dual bond markets	4
Conventional vs. unconventional monetary policy under credit regulation	4
Money growth and inflation in the Euro Area, UK, and USA: measurement issues and recent results	4
Okay boomer… Excess money growth, inflation, and population aging	4
A tale of two tails: 130 years of growth at risk	3
MDY volume 26 issue 2 Cover and Front matter	3
Income taxation and job creation	3
On boom-bust stock market dynamics, animal spirits, and the destabilizing nature of temporarily attracting virtual fixed points	3
Teenage childbearing and the welfare state	3
Three liquid assets	3
The Stabilizing Effects of Publishing Strategic Central Bank Projections	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
Severity reduction and private market distortion effects of voluntary and mandatory public annuity plans	3
Simple mandates, monetary rules, and trend-inflation	3
Designing a green memorandum: central bankers, politicians, monetary policy, and macroprudential regulation	3
A note on variable markup, knowledge spillover, and multiple steady states in the variety expansion model	3
Monetary policy and welfare in a currency union	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
Productivity convergence in manufacturing in the Eurozone: a hierarchical panel data approach	3
Technology shocks, directed technical progress and climate change	2
A model of endogenous education quality: the role of teachers	2
MDY volume 26 issue 1 Cover and Back matter	2
Lending standards, productivity, and credit crunches	2
Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions – CORRIGENDUM	2
A view from outside: sovereign CDS volatility as an indicator of economic uncertainty	2
A note on international spillovers of economic policy uncertainty across business cycles: evidence from OECD countries	2
A Note on nonconvex adjustment costs in lumpy investment models: Mean versus variance	2
The dynamics of organic farming conversion in groundwater management	2
Investments, credit guarantees, and government subsidies in a regime-switching framework	2
Implementing the commitment solution via discretionary policy-making	2
Creative destruction, human capital accumulation, and growth in a digital economy	2
What Accounts for the German Labor Market Miracle? A Structural VAR Approach	2
Air quality in welfare accounting	2
Linear quadratic approximation of rationally inattentive control problems	2
Negative income tax and universal basic income in the eyes of Aiyagari	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
Aggregate effects of firing costs with endogenous firm productivity growth	2
Inflation-linked bonds in incomplete markets with sunspots	2
Undesired monetary policy effects in a bubbly world	2
Presidents, Fed chairs, and the deviations from the Taylor rule	2
Currency substitution as an automatic stabilizer	2
Inequality over the business cycle: the role of distributive shocks	2
Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions	1
Spillovers on the mean and tails: a semiparametric dynamic panel modeling approach	1
Unionization, industry concentration, and economic growth	1
Endogenous innovation scale and patent policy in a monetary schumpeterian growth model	1
MDY volume 25 issue 8 Cover and Front matter	1

Recovery from economic disasters	1
A note on the size distribution of government debt	1
The effects of public sector employment on household savings and labor supply	1
The time-varying and volatile macroeconomic effects of immigration	1
Financial frictions, monetary policy, and the term premium	1
Is the Hamilton regression filter really superior to Hodrick–Prescott detrending?	1
Does household debt affect the size of the fiscal multiplier?	1
Love of novelty: a source of innovation-based growth… or underdevelopment traps?	1
MDY volume 26 issue 5 Cover and Back matter	1
Central bank credibility and inflation expectations: a microfounded forecasting approach	1
Aggregate elasticity of substitution between skills: estimates from a macroeconomic approach	1
MDY volume 26 issue 8 Cover and Front matter	1
Human brain evolution in a Malthusian economy	1
Income tax reductions in production networks	1
Equilibrium dynamics in a model of growth and spatial agglomeration	1
Coordination frictions and economic growth	1
On Mexican poverty-trap regimes and struggling to escape them	1
The great lockdown: information, noise, and macroeconomic fluctuations	1
A Note on Learning, House Prices, and Macro-Financial Linkages	1
Liquidity trap, private behavior preference, and the micro-foundation of fiscal multiplier dynamics	1
Cycles and their important shocks: completing the investigation	1
Human capital-based growth with depopulation and class-size effects: theory and empirics	1
How diabolic is the sovereign-bank loop? The effects of post-default fiscal policies	1
Financial or non-financial shocks: rivals that play together	1
Monetary policy and economic fluctuations	1
Accounting for Mexican business cycles	1
Extreme comovements and downside/upside risk spillovers between oil prices and exchange rates	1
The consequences of US technology changes for productivity in advanced economies	1
Dynamic inefficiency by promoting relative consumption	1
Automation, productivity, and innovation in information technology	1
MDY volume 26 issue 2 Cover and Back matter	1
The economic effects of government spending: using expectations data to control for information	1
Divisia monetary aggregates, monetary policy and business cycle analysis	1
CONSUMERS’ UPDATING, POLICY SHOCKS, AND PUBLIC DEBT: AN EMPIRICAL ASSESSMENT OF STATE DEPENDENCIES	1
Mitigation or adaptation to climate change? The role of fiscal policy	1
Monetary policy announcements, consumers’ inflation expectations, and readiness to spend	1
Optimal forward guidance in monetary policy: Can central banks sway the public with projections?	1
Present-biased heterogeneity, marginal propensity to consume, and wealth distribution	1