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 2021-08-01 to 2025-08-01.)

Article	Citations
Endogenous Separations, Wage Rigidities, and Unemployment Volatility	160
Learning about Debt Crises	106
Severe Weather and the Macroeconomy	69
Household Search and the Marital Wage Premium	65
The Intensive Margin in Trade: How Big and How Important?	54
Uncertainty Shocks, Adjustment Costs, and Firm Beliefs: Evidence from a Representative Survey	42
How to Construct Nationally Representative Firm-Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration	34
Credit Spreads, Financial Crises, and Macroprudential Policy	29
Front Matter	25
Rural-Urban Migration, Structural Transformation, and Housing Markets in China	24
Mind the Gap! Stylized Dynamic Facts and Structural Models	23
The Elasticity of Aggregate Output with Respect to Capital and Labor	22
Assessing the Gains from E-Commerce	18
Front Matter	17
Learning by Sharing: Monetary Policy and Common Knowledge	16
Offshoring, Automation, Low-Skilled Immigration, and Labor Market Polarization	15
Enemies of the People	14
The Effect of Population Aging on Economic Growth, the Labor Force, and Productivity	14
Collective Moral Hazard and the Interbank Market	14
Asset Price Booms and Macroeconomic Policy: A Risk-Shifting Approach	13
Automation, Bargaining Power, and Labor Market Fluctuations	13
Distortions and the Structure of the World Economy	13
Women, Wealth Effects, and Slow Recoveries	12
Information Dynamics and Macro Fluctuations	12
Dynamic Capital Tax Competition under the Source Principle	12

Firms’ Precautionary Savings and Employment during a Credit Crisis	12
Estimating Hysteresis Effects	12
Radical and Incremental Innovation: The Roles of Firms, Managers, and Innovators	11
Local Ties in Spatial Equilibrium	11
Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations	11
Public Education Inequality and Intergenerational Mobility	11
Testing the Effectiveness of Unconventional Monetary Policy in Japan and the United States	10
Asymmetric Reciprocity and the Cyclical Behavior of Wages, Effort, and Job Creation	9
Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy	9
Front Matter	9
Uncertainty and Information Acquisition: Evidence from Firms and Households	9
Persistent Monetary Non-neutrality in an Estimated Menu Cost Model with Partially Costly Information	9
World Productivity: 1996–2014	9
Pigouvian Cycles	8
On the Macroeconomic Consequences of Over-Optimism	8
News Shocks under Financial Frictions	8
Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends under Incomplete Markets	8
International Friends and Enemies	8
A Unified Model of Learning to Forecast	8
Cross-Sectional Uncertainty and the Business Cycle: Evidence from 40 Years of Options Data	8
Knowledge Diffusion, Trade, and Innovation across Countries and Sectors	8
The Aggregate-Demand Doom Loop: Precautionary Motives and the Welfare Costs of Sovereign Risk	8
US Treasury Auctions: A High-Frequency Identification of Supply Shocks	7
Declining Worker Turnover: The Role of Short-Duration Employment Spells	7
Inequality, Taxation, and Sovereign Default Risk	7
Asymmetric Effects of Monetary Policy in Regional Housing Markets	7
A Simple Explanation of Countercyclical Uncertainty	7
Short-Term Planning, Monetary Policy, and Macroeconomic Persistence	6
Disentangling COVID-19, Economic Mobility, and Containment Policy Shocks	6
Adverse Selection Dynamics in Privately Produced Safe Debt Markets	6
Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence	6
The Government Spending Multiplier in a Multisector Economy	6
A Congestion Theory of Unemployment Fluctuations	6
Efficient Consolidation of Incentives for Education and Retirement Savings	6
Family Heterogeneity, Human Capital Investment, and College Attainment	6
The Rise and Fall of India’s Relative Investment Price: A Tale of Policy Error and Reform	6
Slow Debt, Deep Recessions	6
The Rise of Niche Consumption	5
MPC Heterogeneity and Household Balance Sheets	5
Land Misallocation and Productivity	5
Agricultural Diversity, Structural Change, and Long-Run Development: Evidence from the United States	5
Self-Harming Trade Policy? Protectionism and Production Networks	5
Optimal Taxation with Endogenous Default under Incomplete Markets	5
Does Unemployment Risk Affect Business Cycle Dynamics?	5
An American Macroeconomic Picture: Supply and Demand Shocks in the Frequency Domain	5
Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity	5
Ambiguity Aversion and Heterogeneity in Households’ Beliefs	5
Medical Expenses and Saving in Retirement: The Case of the United States and Sweden	5
Population Aging and Structural Transformation	4
Optimal Bank Reserve Remuneration and Capital Control Policy	4

The Neo-Fisher Effect: Econometric Evidence from Empirical and Optimizing Models	4
Front Matter	4
State-Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations	4
How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial	4
Bubbles, Crashes, and Economic Growth: Theory and Evidence	4
Uncovering the Effects of the Zero Lower Bound with an Endogenous Financial Wedge	4
Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity	3
Learning-through-Survey in Inflation Expectations	3
Schooling, Skill Demand, and Differential Fertility in the Process of Structural Transformation	3
Optimal Public Debt with Life Cycle Motives	3
Min(d)ing the President: A Text Analytic Approach to Measuring Tax News	3
Income Differences, Productivity, and Input-Output Networks	3
From Blue- to Steel-Collar Jobs: The Decline in Employment Gaps?	3
Front Matter	3
Measuring Employer-to-Employer Reallocation	3
Optimal Fiscal and Monetary Policy with Distorting Taxes	3
Entrepôt: Hubs, Scale, and Trade Costs	3
Front Matter	3
Domestic Policies and Sovereign Default	3
Estimating Macrofiscal Effects of Climate Shocks from Billions of Geospatial Weather Observations	3
Innovation-Led Transitions in Energy Supply	3
The Young, the Old, and the Government: Demographics and Fiscal Multipliers	3
Micro-Level Misallocation and Selection	3
The State-Dependent Effectiveness of Hiring Subsidies	2
Labor Market Effects of Workweek Restrictions: Evidence from the Great Depression	2
Fiscal Rules and the Sovereign Default Premium	2
Optimal Foreign Reserves and Central Bank Policy under Financial Stress	2
Front Matter	2
Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance	2
Firm Wages in a Frictional Labor Market	2
Sectoral Heterogeneity and Monetary Policy	2
Immigrant Communities and Knowledge Spillovers: Danish Americans and the Development of the Dairy Industry in the United States	2
Scarred Consumption	2
Work from Home before and after the COVID-19 Outbreak	2
Firm Entry and Exit and Aggregate Growth	2
Public Liquidity and Financial Crises	2
Grounded by Gravity: A Well-Behaved Trade Model with Industry-Level Economies of Scale	2
Skilled Labor Productivity and Cross-Country Income Differences	2
Reputation, Bailouts, and Interest Rate Spread Dynamics	2
Age Structure and the Impact of Monetary Policy	2
Front Matter	2
The Propagation of Demand Shocks through Housing Markets	2
The Cyclical Behavior of Unemployment and Wages under Information Frictions	2
Optimal Policy for Macrofinancial Stability	2
Hours, Occupations, and Gender Differences in Labor Market Outcomes	2