American Economic Journal: Macroeconomics

2009 - 2026

Current editor(s): Simon Gilchrist

From American Economic Association
Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

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Volume 18, issue 4, 2026

Information and the Formation of Inflation Expectations by Firms: Evidence from a Survey of Israeli Firms pp. 1-33

Yuriy Gorodnichenko, Ari Kutai and Rafi Melnick

What Drives the Recent Surge in Inflation? The Historical Decomposition Roller Coaster pp. 34-63

Drago Bergholt, Fabio Canova, Francesco Furlanetto, Nicolò Maffei-Faccioli and Pål Ulvedal

Optimal Taxation of Inflation pp. 64-93

Damien Capelle and Yang Liu

Health Sector Structural Change pp. 94-133

Nick Pretnar and Maria Feldman

Distortions, Producer Dynamics, and Aggregate Productivity: A General Equilibrium Analysis pp. 134-62

Stephen Ayerst, Loren Brandt and Diego Restuccia

Price Setting and Volatility: Evidence from Oil Price Volatility Shocks pp. 163-99

Matthew Klepacz

Leaning against the Global Financial Cycle pp. 200-227

Andrea Ferrero, Maurizio Michael Habib, Livio Stracca and Fabrizio Venditti

Procyclical Fiscal Policy and Asset Market Incompleteness pp. 228-70

Andrés Fernández, Daniel Guzmán-Girón, Ruy Lama and Carlos Vegh

Wage Adjustment in Efficient Long-Term Employment Relationships pp. 271-317

Michael W. L. Elsby, Axel Gottfries, Pawel Krolikowski and Gary Solon

Long-Distance Trade and Long-Term Persistence pp. 318-55

Sebastian Ellingsen

Population and Welfare: Measuring Growth When Life Is Worth Living pp. 356-89

Mohamad Adhami, Mark Bils, Charles I. Jones and Peter J. Klenow

Labor Market Discrimination and the Racial Unemployment Gap: Can Monetary Policy Make a Difference? pp. 390-428

Isabel Cairó and Avi Lipton

Firm Heterogeneity, Market Power, and Macroeconomic Fragility pp. 429-67

Alessandro Ferrari and Francisco Queirós

Oil Prices, Monetary Policy, and Inflation Surges pp. 468-501

Luca Gagliardone and Mark Gertler

Volume 18, issue 3, 2026

Central Banks as Dollar Lenders of Last Resort: Implications for Regulation and Reserve Holdings pp. 1-41

Mitali Das, Gita Gopinath, Helene Hall, Taehoon Kim and Jeremy C. Stein

Expecting Floods: Firm Entry, Employment, and Aggregate Implications pp. 42-76

Ruixue Jia, Xiao Ma and Victoria Wenxin Xie

Import Liberalization as Export Destruction? Evidence from the United States pp. 77-111

Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson

Did the United States Really Grow Out of Its World War II Debt? pp. 112-35

Julien Acalin and Laurence Ball

An Analytical Model of Behavior and Policy in an Epidemic pp. 136-73

Lukasz Rachel

The Economic Consequences of Effective Carbon Taxes pp. 174-99

Felix Kapfhammer

The Life Cycle Implications of Temporary Employment Contracts pp. 200-235

Rosemary Kaiser

University Research and the Market for Higher Education pp. 236-64

Titan Alon, Damien Capelle and Kazushige Matsuda

TFPR: Dispersion and Cyclicality pp. 265-303

Russell Cooper and Ozgen Ozturk

Self-Fulfilling Prophecies in the Transition to Clean Technology pp. 304-42

Sjak Smulders and Sophie Zhou

Selection, Structural Transformation, and the Cost Disease of Services pp. 343-78

Martin Shu

Deciphering Federal Reserve Communication via Text Analysis of Alternative FOMC Statements pp. 379-412

Taeyoung Doh, Dongho Song and Shu-Kuei Yang

Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics, and Managerial Decisions pp. 413-54

Yuriy Gorodnichenko, Debora Revoltella, Jan Svejnar and Christoph T. Weiss

Volume 18, issue 2, 2026

Macro Recruiting Intensity from Micro Data pp. 1-33

Simon Mongey and Giovanni L. Violante

Not a Typical Firm: Capital–Labor Substitution and Firms' Labor Shares pp. 34-71

Joachim Hubmer and Pascual Restrepo

Cognitive Hubs and Spatial Redistribution pp. 72-111

Esteban Rossi-Hansberg, Pierre-Daniel Sarte and Felipe Schwartzman

Partial Specialization and Heterogeneous Task Assignments pp. 112-47

Chen Liu

Optimism about Graduation and College Financial Aid pp. 148-87

Emily Moschini, Gajendran Raveendranathan and Ming Xu

Mis-specified Forecasts and Myopia in an Estimated New Keynesian Model pp. 188-226

Ina Hajdini

You're the One That I Want! Understanding the Overrepresentation of Women in the Public Sector pp. 227-59

Pedro Gomes and Zoe Kuehn

Large Firms, Consumer Heterogeneity, and the Profit Share pp. 260-91

Robert Feenstra, Luca Macedoni and Mingzhi (Jimmy) Xu

Inflation Targeting under Fiscal Fragility pp. 292-331

Aloisio Araujo, Vitor Costa, Paulo Lins, Rafael Santos and Serge de Valk

Banking Networks and Economic Growth: From Idiosyncratic Shocks to Aggregate Fluctuations pp. 332-77

Shohini Kundu and Nishant Vats

Misallocation in Indian Agriculture pp. 378-408

Marijn Bolhuis, Swapnika Rachapalli and Diego Restuccia

Housing Constraints and Spatial Misallocation: Comment pp. 409-28

Brian Greaney

Management and Misallocation in Mexico pp. 429-56

Nicholas Bloom, Leonardo Iacovone, Mariana Pereira-López and John van Reenen

Shocks and Exchange Rates in Small Open Economies pp. 457-85

Vito Cormun and Pierre De Leo

Disagreement about Monetary Policy pp. 486-522

Karthik A. Sastry

Time for Growth pp. 523-60

Lars Boerner and Battista Severgnini

Volume 18, issue 1, 2026

Mental Accounts and Consumption Sensitivity across the Distribution of Liquid Assets pp. 1-33

James Graham and Robert A. McDowall

'Less Is More': Consumer Spending and the Size of Economic Stimulus Payments pp. 34-68

Michelle Andreolli and Paolo Surico

From Deviations to Shortfalls: The Effects of the FOMC's New Employment Objective pp. 69-101

Brent Bundick and Nicolas Petrosky-Nadeau

Uncertainty and the Economy: The Evolving Distributions of Aggregate Supply and Demand Shocks pp. 102-48

Geert Bekaert, Eric Engstrom and Andrey Ermolov

Trade, Value Added, and Productivity Linkages: A Qualitative Analysis pp. 149-86

François de Soyres and Alexandre Gaillard

Accounting for Wealth Concentration in the United States pp. 187-222

Baris Kaymak, David Leung and Markus Poschke

IT and Urban Polarization pp. 223-59

Jan Eeckhout, Christoph Hedtrich and Roberto Pinheiro

Anatomy of the Greek Depression with Firm-Level Data: The Importance of Demand Shocks pp. 260-96

Stelios Giannoulakis and Plutarchos Sakellaris

The Effects of Biased Labor Market Expectations on Consumption, Wealth Inequality, and Welfare pp. 297-335

Almut Balleer, Georg Duernecker, Susanne Forstner and Johannes Goensch

Parallel Digital Currencies and Sticky Prices pp. 336-83

Harald Uhlig and Taojun Xie

Bank Risk-Taking, Credit Allocation, and Monetary Policy Transmission: Evidence from China pp. 384-415

Xiaoming Li, Zheng Liu, Yuchao Peng and Zhiwei Xu