OOIR: Observatory of International Research

Papers

(The median citation count of American Economic Journal-Macroeconomics 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 2021-11-01 to 2025-11-01.)

Article	Citations
Learning about Debt Crises	138
Endogenous Separations, Wage Rigidities, and Unemployment Volatility	81
Uncertainty Shocks, Adjustment Costs, and Firm Beliefs: Evidence from a Representative Survey	76
The Intensive Margin in Trade: How Big and How Important?	59
Credit Spreads, Financial Crises, and Macroprudential Policy	39
Severe Weather and the Macroeconomy	38
How to Construct Nationally Representative Firm-Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration	31
Front Matter	29
Front Matter	27
Rural-Urban Migration, Structural Transformation, and Housing Markets in China	25
Temporary Layoffs, Firm Entry and Exit Dynamics, and Aggregate Fluctuations	25
The Elasticity of Aggregate Output with Respect to Capital and Labor	19
Learning by Sharing: Monetary Policy and Common Knowledge	17
Mind the Gap! Stylized Dynamic Facts and Structural Models	17
Assessing the Gains from E-Commerce	17
Offshoring, Automation, Low-Skilled Immigration, and Labor Market Polarization	16
Asset Price Booms and Macroeconomic Policy: A Risk-Shifting Approach	16
Collective Moral Hazard and the Interbank Market	16
The Effect of Population Aging on Economic Growth, the Labor Force, and Productivity	16
Enemies of the People	16
Women, Wealth Effects, and Slow Recoveries	14
Information Dynamics and Macro Fluctuations	14
Estimating Hysteresis Effects	14
Distortions and the Structure of the World Economy	14
Dynamic Capital Tax Competition under the Source Principle	14

Automation, Bargaining Power, and Labor Market Fluctuations	14
Local Ties in Spatial Equilibrium	13
Firms’ Precautionary Savings and Employment during a Credit Crisis	13
Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations	12
Public Education Inequality and Intergenerational Mobility	12
Real Exchange Rates and Endogenous Productivity	11
Testing the Effectiveness of Unconventional Monetary Policy in Japan and the United States	11
Radical and Incremental Innovation: The Roles of Firms, Managers, and Innovators	11
Uncertainty and Information Acquisition: Evidence from Firms and Households	10
Persistent Monetary Non-neutrality in an Estimated Menu Cost Model with Partially Costly Information	10
World Productivity: 1996–2014	10
Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy	10
On the Macroeconomic Consequences of Over-Optimism	9
Front Matter	9
GDP-B: Accounting for the Value of New and Free Goods	9
Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends under Incomplete Markets	9
International Friends and Enemies	9
Asymmetric Reciprocity and the Cyclical Behavior of Wages, Effort, and Job Creation	9
Asymmetric Effects of Monetary Policy in Regional Housing Markets	8
A Simple Explanation of Countercyclical Uncertainty	8
Cross-Sectional Uncertainty and the Business Cycle: Evidence from 40 Years of Options Data	8
The Aggregate-Demand Doom Loop: Precautionary Motives and the Welfare Costs of Sovereign Risk	8
News Shocks under Financial Frictions	8
Pigouvian Cycles	8
A Unified Model of Learning to Forecast	8
US Treasury Auctions: A High-Frequency Identification of Supply Shocks	8
Knowledge Diffusion, Trade, and Innovation across Countries and Sectors	8
Short-Term Planning, Monetary Policy, and Macroeconomic Persistence	7
Inequality, Taxation, and Sovereign Default Risk	7
The Government Spending Multiplier in a Multisector Economy	7
Declining Worker Turnover: The Role of Short-Duration Employment Spells	7
Efficient Consolidation of Incentives for Education and Retirement Savings	7
Family Heterogeneity, Human Capital Investment, and College Attainment	7
An American Macroeconomic Picture: Supply and Demand Shocks in the Frequency Domain	6
Adverse Selection Dynamics in Privately Produced Safe Debt Markets	6
Disentangling COVID-19, Economic Mobility, and Containment Policy Shocks	6
Medical Expenses and Saving in Retirement: The Case of the United States and Sweden	6
Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence	6
The Rise and Fall of India’s Relative Investment Price: A Tale of Policy Error and Reform	6
Agricultural Diversity, Structural Change, and Long-Run Development: Evidence from the United States	6
A Congestion Theory of Unemployment Fluctuations	6
Slow Debt, Deep Recessions	6
The Consumption Origins of Business Cycles: Lessons from Sectoral Dynamics	6
Optimal Taxation with Endogenous Default under Incomplete Markets	6
The Rise of Niche Consumption	6
Land Misallocation and Productivity	5
The Neo-Fisher Effect: Econometric Evidence from Empirical and Optimizing Models	5
Bubbles, Crashes, and Economic Growth: Theory and Evidence	5
Does Unemployment Risk Affect Business Cycle Dynamics?	5
Ambiguity Aversion and Heterogeneity in Households’ Beliefs	5

Uncovering the Effects of the Zero Lower Bound with an Endogenous Financial Wedge	5
Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity	5
Self-Harming Trade Policy? Protectionism and Production Networks	5
How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial	5
Population Aging and Structural Transformation	5
Learning-through-Survey in Inflation Expectations	4
Optimal Bank Reserve Remuneration and Capital Control Policy	4
Estimating Macrofiscal Effects of Climate Shocks from Billions of Geospatial Weather Observations	4
Front Matter	4
Income Differences, Productivity, and Input-Output Networks	4
State-Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations	4
Measuring Employer-to-Employer Reallocation	4
Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity	4
Front Matter	3
Immigrant Communities and Knowledge Spillovers: Danish Americans and the Development of the Dairy Industry in the United States	3
From Blue- to Steel-Collar Jobs: The Decline in Employment Gaps?	3
Labor Market Effects of Workweek Restrictions: Evidence from the Great Depression	3
The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?	3
Cyclical Attention to Saving	3
Hours, Occupations, and Gender Differences in Labor Market Outcomes	3
Optimal Fiscal and Monetary Policy with Distorting Taxes	3
Optimal Public Debt with Life Cycle Motives	3
Schooling, Skill Demand, and Differential Fertility in the Process of Structural Transformation	3
Domestic Policies and Sovereign Default	3
Innovation-Led Transitions in Energy Supply	3
Firm Wages in a Frictional Labor Market	3
Sectoral Heterogeneity and Monetary Policy	3
Min(d)ing the President: A Text Analytic Approach to Measuring Tax News	3
Entrepôt: Hubs, Scale, and Trade Costs	3
Scarred Consumption	3
The Dynamics of Development: Innovation and Reallocation	3
Reputation, Bailouts, and Interest Rate Spread Dynamics	3
Age Structure and the Impact of Monetary Policy	3
Public Liquidity and Financial Crises	2
Search, Screening, and Sorting	2
Estimating the Optimal Inflation Target from Trends in Relative Prices	2
The State-Dependent Effectiveness of Hiring Subsidies	2
Grounded by Gravity: A Well-Behaved Trade Model with Industry-Level Economies of Scale	2
Optimal Policy for Macrofinancial Stability	2
Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance	2
Product Variety, the Cost of Living, and Welfare across Countries	2
Work from Home before and after the COVID-19 Outbreak	2
Front Matter	2
Fiscal Rules and the Sovereign Default Premium	2
Skilled Labor Productivity and Cross-Country Income Differences	2
Front Matter	2
The Cyclical Behavior of Unemployment and Wages under Information Frictions	2
Fiscal Policy, Relative Prices, and Net Exports in a Currency Union	2
Population, Productivity, and Sustainable Consumption	2
Optimal Foreign Reserves and Central Bank Policy under Financial Stress	2
Firm Entry and Exit and Aggregate Growth	2
The Propagation of Demand Shocks through Housing Markets	2