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Journal of Money, Credit and Banking
1969 - 2012
Edited by Robert deYoung , Paul Evans , Pok-Sang Lam and Kenneth D. West
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Volume 43, issue 12 , 2011
Taxation and Income Distribution Dynamics in a Neoclassical Growth Model pp. 1543-1577
Cecilia García‐peñalosa and Stephen J Turnovsky
Analyzing U.S. Output and the Great Moderation by Simultaneous Unobserved Components pp. 1579-1597
Enzo Weber
Order Flow and the Monetary Model of Exchange Rates: Evidence from a Novel Data Set pp. 1599-1624
Menzie Chinn and Michael John Moore
Dynamic Prudential Regulation: Is Prompt Corrective Action Optimal? pp. 1625-1661
Ilhyock Shim
Does Inflation Adjust Faster to Aggregate Technology Shocks than to Monetary Policy Shocks? pp. 1663-1684
Luigi Paciello
Learning about the Term Structure and Optimal Rules for Inflation Targeting pp. 1685-1706
Mewael F. Tesfaselassie , Eric Schaling and Sylvester Eijffinger
Monetary Policy Inclinations pp. 1707-1717
Hans Gersbach and Volker Hahn
The Welfare Effect of Foreign Monetary Conservatism with Nonatomistic Wage Setters pp. 1719-1734
Vincenzo Cuciniello
International Spillover Effects and Monetary Policy Activism pp. 1735-1748
Anna Lipinska , Morten Spange and Misa Tanaka
Volume 43, issue 10 , 2011
Liquidity in Frictional Asset Markets pp. 261-282
Guillaume Rocheteau and Pierre-Olivier Weill
Trading Frictions and House Price Dynamics pp. 283-303
Andrew Caplin and John Leahy
Discussion of “Trading Frictions and House Price Dynamics” pp. 305-309
François Ortalo‐magné
Precautionary Reserves and the Interbank Market pp. 311-348
Adam B. Ashcraft , James Joseph McAndrews and David R. Skeie
Discussion of “Precautionary Reserves and the Interbank Market” pp. 349-353
Arvind Krishnamurthy
Information and Liquidity pp. 355-377
Benjamin R. Lester , Andrew Postlewaite and Randall Wright
Discussion of “Information and Liquidity” pp. 379-384
Guillaume Rocheteau
From Search to Match: When Loan Contracts Are Too Long pp. 385-411
Christophe Chamley and Céline Rochon
Discussion of “From Search to Match: When Loan Contracts Are Too Long” pp. 413-417
Adriano A. Rampini
Money, Bargaining, and Risk Sharing pp. 419-442
Nicolas L. Jacquet and Serene Tan
Discussion of “Money, Bargaining, and Risk Sharing” pp. 443-448
Manolis Galenianos
Banking in a Matching Model of Money and Capital pp. 449-476
Valerie R. Bencivenga and Gabriele Camera
Discussion of “Banking in a Matching Model of Money and Capital” pp. 477-485
Todd Keister
Uncertainty, Inflation, and Welfare pp. 487-512
Jonathan Chiu and Miguel Molico
Discussion of “Uncertainty, Inflation, and Welfare” pp. 513-519
Scott J. Dressler
Asset Prices, Liquidity, and Monetary Policy in an Exchange Economy pp. 521-552
Ricardo Lagos
Discussion of “Asset Prices, Liquidity, and Monetary Policy in an Exchange Economy” pp. 553-558
Tan Wang
Price‐Level Targeting and Stabilization Policy pp. 559-580
Aleksander Berentsen and Christopher Waller
Discussion of “Price‐Level Targeting and Stabilization Policy” pp. 581-588
Gauti B. Eggertsson
Precautionary Demand and Liquidity in Payment Systems pp. 589-619
Gara Afonso and Hyun Song Shin
Discussion of “Precautionary Demand and Liquidity in Payment Systems” pp. 621-623
Charles Milton Kahn
Counterfeiting as Private Money in Mechanism Design pp. 625-636
Ricardo Cavalcanti and Ed Nosal
Discussion of “Counterfeiting as Private Money in Mechanism Design” pp. 637-643
Cyril Monnet
Optimal Monetary Policy in an Operational Medium‐Sized DSGE Model pp. 1287-1331
Malin Adolfson , Stefan Laséen , Jesper Lindé and Lars E.O. Svensson
Differences in Hours Worked in the OECD: Institutions or Fiscal Policies? pp. 1333-1369
Tino Berger and Freddy Heylen
Safety‐Net Losses from Abandoning Glass–Steagall Restrictions pp. 1371-1398
Kenneth A. Carow , Edward J. Kane and Rajesh P. Narayanan
Bank Finance versus Bond Finance pp. 1399-1421
Fiorella De Fiore and Harald Uhlig
Fundamentals, Misvaluation, and Business Investment pp. 1423-1442
Bob Chirinko and Huntley Schaller
Evolving Macroeconomic Dynamics in a Small Open Economy: An Estimated Markov Switching DSGE Model for the UK pp. 1443-1474
Philip Liu and Haroon Mumtaz
Precautionary Saving and Endogenous Labor Supply with and without Intertemporal Expected Utility pp. 1475-1504
Diego Nocetti and William T. Smith
Inflation Targeting as Constrained Discretion pp. 1505-1522
Junhan Kim
Convergence of Real Capital Market Interest Rates—Evidence from Inflation Indexed Bonds pp. 1523-1541
Helmut Herwartz and Jan Roestel
Volume 43, issue 09 , 2011
Subordinated Debt, Market Discipline, and Bank Risk pp. 1043-1072
Yehning Chen and Iftekhar Hasan
The Incredible HOLC? Mortgage Relief during the Great Depression pp. 1073-1107
Jonathan D. Rose
Monetary Policy and Banking Structure pp. 1109-1129
Tarishi Matsuoka
Search Frictions, Real Rigidities, and Inflation Dynamics pp. 1131-1164
Carlos Thomas
Why Don’t Oil Shocks Cause Inflation? Evidence from Disaggregate Inflation Data pp. 1165-1183
Lance J. Bachmeier and Inkyung Cha
Replacing a “Disobedient” Central Bank Governor with a “Docile” One: A Novel Measure of Central Bank Independence and Its Effect on Inflation pp. 1185-1215
Guillermo Javier Vuletin and Ling Zhu
Credit Rationing and Credit View: Empirical Evidence from an Ethical Bank in Italy pp. 1217-1245
Leonardo Becchetti , Maria Melody Garcia and Giovanni Trovato
What Is the Importance of Monetary and Fiscal Shocks in Explaining U.S. Macroeconomic Fluctuations? pp. 1247-1270
Barbara Rossi and Sarah Zubairy
Identifying Discretionary Fiscal Policy Reactions with Real‐Time Data pp. 1271-1285
Ulf von Kalckreuth and Guntram Wolff
Volume 43, issue 08 , 2011
Special Issue Editors’ Introduction pp. 1-1
Harris Dellas , Pok‐sang Lam and Masao Ogaki
A Dialogue between Micro‐ and Macroeconomics: Introduction pp. 3-6
Harris Dellas
Individual and Aggregate Labor Supply with Coordinated Working Times pp. 7-37
Richard Rogerson
Returns to Skills and the College Premium pp. 39-86
Flavio Cunha , Fatih Karahan and Ilton Soares
A Survey of New Keynesian Theories of Aggregate Supply and Their Relation to Industrial Organization pp. 87-110
John Leahy
Firm Microstructure and Aggregate Productivity pp. 111-145
Hugo A. Hopenhayn
Optimal Taxation: Merging Micro and Macro Approaches pp. 147-174
Mikhail Golosov , Maxim Troshkin and Aleh Tsyvinski
The Importance of Asymmetric Tax Policy and Dangers of Aggregation pp. 175-205
Kenneth L. Judd
Social Preferences and Competition pp. 207-231
Klaus M. Schmidt
Asset Bubbles and the Cost of Economic Fluctuations pp. 233-260
Kyle Chauvin , David Isaac Laibson and Johanna Mollerstrom
Inflation and Welfare in Long‐Run Equilibrium with Firm Dynamics pp. 795-834
Alexandre Janiak and Paulo Santos Monteiro
The Growth and Welfare Effects of Deficit‐Financed Dividend Tax Cuts pp. 835-869
Pietro F. Peretto
Monetary Policy Estimation in Real Time: Forward‐Looking Taylor Rules without Forward‐Looking Data pp. 871-897
Alex Nikolsko‐rzhevskyy
Technology and Financial Development pp. 899-921
Anna O. Ilyina and Roberto Mantaro Samaniego
The Interbank Market after August 2007: What Has Changed, and Why? pp. 923-958
Paolo Angelini , Andrea Nobili and Cristina Picillo
Investment and Monetary Policy: Learning and Determinacy of Equilibrium pp. 959-992
John Duffy and Wei Xiao
Differential Interpretation in the Survey of Professional Forecasters pp. 993-1017
Sebastiano Manzan
Determinacy under Inflation Targeting Interest Rate Policy in a Sticky Price Model with Investment (and Labor Bargaining) pp. 1019-1033
Takushi Kurozumi and Willem Van Zandweghe
Central Bank Independence, Political Regimes, and the Sacrifice Ratio: A Replication Study of Caporale and Caporale (2008) pp. 1035-1042
Hajime Katayama , Natalia Ponomareva and Malvin Sharma
Volume 43, issue 06 , 2011
Does Money Matter in Shaping Domestic Business Cycles? An International Investigation pp. 577-607
Fabio Canova and Tobias Menz
Deconstructing a Mortgage Meltdown: A Methodology for Decomposing Underwriting Quality pp. 609-631
Charles D. Anderson , Dennis R. Capozza and Robert van Order
The Role of Soft Information in a Dynamic Contract Setting: Evidence from the Home Equity Credit Market pp. 633-655
Sumit Agarwal , Brent W. Ambrose , Souphala Chomsisengphet and Chunlin Liu
Fixed‐ and Variable‐Rate Mortgages, Business Cycles, and Monetary Policy pp. 657-688
Margarita Rubio
Monetary Policy in the Media pp. 689-709
Helge Berger , Michael Ehrmann and Marcel Fratzscher
The Bank Lending Channel Revisited pp. 711-734
Piti Disyatat
Regulations and Productivity Growth in Banking: Evidence from Transition Economies pp. 735-764
Manthos D. Delis , Philip Molyneux and Fotios Pasiouras
Central Bank Transparency and the Crowding Out of Private Information in Financial Markets pp. 765-774
Clemens J.M. Kool , Menno Hugo Middeldorp and Stephanie Rosenkranz
The Roles of Nominal Exchange Rate and Relative Price Adjustments in PPP Reversion pp. 775-785
Deokwoo Nam
The Keynesian Multiplier Effect Reconsidered pp. 787-794
Yoshiyasu Ono
Volume 43, issue 03 , 2011
Winners and Losers in Housing Markets pp. 255-296
Nobuhiro Kiyotaki , Alexander Michaelides and Kalin Ognianov Nikolov
Did the Financial Crisis in Japan Affect Household Welfare Seriously? pp. 297-324
Yasuyuki Sawada , Kazumitsu Nawata , Masako Ii and Mark J. Lee
Rule‐of‐Thumb Consumers Meet Sticky Wages pp. 325-353
Andrea Colciago
The Optimal Rate of Inflation with Trending Relative Prices pp. 355-384
Alexander L. Wolman
Price Adjustments in a General Model of State‐Dependent Pricing pp. 385-406
James S. Costain and Anton A. Nakov
Credit and the Natural Rate of Interest pp. 407-440
Fiorella De Fiore and Oreste Tristani
Competitive Lending with Partial Knowledge of Loan Repayment: Some Positive and Normative Analysis pp. 441-459
William A. Brock and Charles F. Manski
Small and Medium‐Sized Enterprises, Bank Relationship Strength, and the Use of Venture Capital pp. 461-490
Allen N. Berger and Klaus Schaeck
Household Borrowing after Personal Bankruptcy pp. 491-517
Song Han and Geng Li
Dynamic Limited Dependent Variable Modeling and U.S. Monetary Policy pp. 519-534
George Monokroussos
Taylor Rules and the Euro pp. 535-552
Tanya Molodtsova , Alex Nikolsko‐rzhevskyy and David H. Papell
The Failure of Woodford's Model of the Channel System in the Cashless Economy pp. 553-563
Colin Rogers
Two Who Called the Great Depression: An Initial Formulation of the Monetary‐Origins View pp. 565-574
George S. Tavlas
Volume 43, issue 02 , 2011
Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach pp. 1-29
Ippei Fujiwara , Yasuo Hirose and Mototsugu Shintani
A New Keynesian Perspective on the Great Recession pp. 31-54
Peter N. Ireland
How Large Are Housing and Financial Wealth Effects? A New Approach pp. 55-79
Christopher Carroll , Misuzu Otsuka and Jiri Slacalek
Minimal Settlement Assets in Economies with Interconnected Financial Obligations pp. 81-108
Julio J. Rotemberg
The Effects of Formal and Informal Contracting in Credit Availability pp. 109-132
Gabriel Jiménez , Vicente Salas‐fumás and Jesús Saurina
Credit Crunch Caused by Bank Failures and Self‐Selection Behavior in Lending Markets pp. 133-161
Naoaki Minamihashi
Nonoptimality of the Friedman Rule with Capital Income Taxation pp. 163-183
Alberto Rodolfo Petrucci
The Credibility of Hong Kong's Link from the Perspective of Modern Financial Theory pp. 185-206
Hans Genberg and Cho‐hoi Hui
An Empirical Investigation of the Effects of Rounding on the SPF Probabilities of Decline and Output Growth Histograms pp. 207-220
Michael Peter Clements
Nonseparable Preferences, Frisch Labor Supply, and the Consumption Multiplier of Government Spending: One Solution to a Fiscal Policy Puzzle pp. 221-251
Florin O. Bilbiie