American Economic Journal: Macroeconomics

2009 - 2025

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 13, issue 4, 2021

MPC Heterogeneity and Household Balance Sheets pp. 1-54

Andreas Fagereng, Martin Holm and Gisle Natvik

Household Search and the Marital Wage Premium pp. 55-109

Laura Pilossoph and Shu Lin Wee

The Young, the Old, and the Government: Demographics and Fiscal Multipliers pp. 110-41

Henrique Basso and Omar Rachedi

Financial Risk Capacity pp. 142-81

Saki Bigio and Adrien d'Avernas

The Extensive Margin of Exporting Products: A Firm-Level Analysis pp. 182-245

Costas Arkolakis, Sharat Ganapati and Marc-Andreas Muendler

Money Mining and Price Dynamics pp. 246-94

Michael Choi and Guillaume Rocheteau

Why Are Banks Exposed to Monetary Policy? pp. 295-340

Sebastian Di Tella and Pablo Kurlat

Micro-level Misallocation and Selection pp. 341-68

Mu-Jeung Yang

Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response? pp. 369-410

Sydney C. Ludvigson, Sai Ma and Serena Ng

Long-Term Finance and Investment with Frictional Asset Markets pp. 411-48

Julian Kozlowski

Consumption Inequality and the Frequency of Purchases pp. 449-82

Olivier Coibion, Yuriy Gorodnichenko and Dmitri Koustas

Agglomeration, Misallocation, and (the Lack of) Competition pp. 483-519

Wyatt J. Brooks, Joseph Kaboski and Yao Li

Volume 13, issue 3, 2021

Higher Taxes at the Top: The Role of Entrepreneurs pp. 1-36

Bettina Brüggemann

Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies pp. 37-73

Julio Carrillo, Enrique G. Mendoza, Victoria Nuguer and Jessica Roldán-Peña

The Transmission of Monetary Policy Shocks pp. 74-107

Silvia Miranda-Agrippino and Giovanni Ricco

Optimal Inflation Target in an Economy with Menu Costs and a Zero Lower Bound pp. 108-41

Andrés Blanco

Macro and Micro Dynamics of Productivity: From Devilish Details to Insights pp. 142-72

Glenn Blackwood, Lucia Foster, Cheryl Grim, John Haltiwanger and Zoltán Wolf

Trade in Commodities and Business Cycle Volatility pp. 173-208

David Kohn, Fernando Leibovici and Håkon Tretvoll

Shopping for Lower Sales Tax Rates pp. 209-50

Scott Baker, Stephanie Johnson and Lorenz Kueng

Advertising, Innovation, and Economic Growth pp. 251-303

Laurent Cavenaile and Pau Roldan-Blanco

Fewer but Better: Sudden Stops, Firm Entry, and Financial Selection pp. 304-56

Sina T. Ates and Felipe Saffie

Comparative Advantage in Innovation and Production pp. 357-96

Mariano Somale

Volume 13, issue 2, 2021

Transmission of Monetary Policy with Heterogeneity in Household Portfolios pp. 1-25

Ralph Luetticke

Sovereign Debt Restructurings pp. 26-77

Maximiliano Dvorkin, Juan Sanchez, Horacio Sapriza and Emircan Yurdagul

The Trade-Comovement Puzzle pp. 78-120

Lukasz A. Drozd, Sergey Kolbin and Jaromir Nosal

Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations pp. 121-67

Jordi Galí

Risk, the College Premium, and Aggregate Human Capital Investment pp. 168-213

Kartik Athreya and Janice Eberly

Oil, Equities, and the Zero Lower Bound pp. 214-53

Deepa Datta, Benjamin K. Johannsen, Hannah Kwon and Robert Vigfusson

How Do Mortgage Refinances Affect Debt, Default, and Spending? Evidence from HARP pp. 254-91

Joshua Abel and Andreas Fuster

Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity pp. 292-332

Juan Dolado, Gergő Motyovszki and Evi Pappa

The Choice Channel of Financial Innovation pp. 333-72

Felipe Iachan, Plamen T. Nenov and Alp Simsek

Interest Rate Liberalization and Capital Misallocations pp. 373-419

Zheng Liu, Pengfei Wang and Zhiwei Xu

History Dependence in the Housing Market pp. 420-43

Philippe Bracke and Silvana Tenreyro

Evaluating the Economic Cost of Coastal Flooding pp. 444-86

Klaus Desmet, Robert Kopp, Scott A. Kulp, Dávid Krisztián Nagy, Michael Oppenheimer, Esteban Rossi-Hansberg and Benjamin H. Strauss

Volume 13, issue 1, 2021

Interactions and Coordination between Monetary and Macroprudential Policies pp. 1-34

Alejandro Van der Ghote

The Labor Market Impact of Immigration: Job Creation versus Job Competition pp. 35-78

Christoph Albert

Consumption Insurance against Wage Risk: Family Labor Supply and Optimal Progressive Income Taxation pp. 79-113

Chunzan Wu and Dirk Krueger

Optimal Positive Capital Taxes at Interior Steady States pp. 114-50

Jess Benhabib and Bálint Szőke

The Size Distribution of Firms and Industrial Water Pollution: A Quantitative Analysis of China pp. 151-83

Ji Qi, Xin Tang and Xican Xi

College Quality and Attendance Patterns: A Long-Run View pp. 184-215

Lutz Hendricks, Christopher Herrington and Todd Schoellman

Sectoral Price Facts in a Sticky-Price Model pp. 216-56

Carlos Carvalho, Jae Won Lee and Woong Yong Park

Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory pp. 257-98

Ufuk Akcigit and Sina T. Ates

Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth pp. 299-332

William Nordhaus

The Productivity J-Curve: How Intangibles Complement General Purpose Technologies pp. 333-72

Erik Brynjolfsson, Daniel Rock and Chad Syverson

Volume 12, issue 4, 2020

SVAR (Mis)identification and the Real Effects of Monetary Policy Shocks pp. 1-32

Christian Wolf

Bubbly Recessions pp. 33-70

Siddhartha Biswas, Andrew Hanson and Toan Phan

Shining a Light on Purchasing Power Parities pp. 71-108

Maxim Pinkovskiy and Xavier Sala-i-Martin

The Rise of Services and Balanced Growth in Theory and Data pp. 109-46

Miguel Leon-Ledesma and Alessio Moro

The Migration Accelerator: Labor Mobility, Housing, and Demand pp. 147-79

Greg Howard

Quantitative Easing, Collateral Constraints, and Financial Spillovers pp. 180-217

John Geanakoplos and Haobin Wang

Fighting Crises with Secrecy pp. 218-45

Gary Gorton and Guillermo Ordonez

Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage pp. 246-86

Paul Bergin and Giancarlo Corsetti

Volume 12, issue 3, 2020

Land Reform and Productivity: A Quantitative Analysis with Micro Data pp. 1-39

Tasso Adamopoulos and Diego Restuccia

Sticky Expectations and Consumption Dynamics pp. 40-76

Christopher Carroll, Edmund Crawley, Jiri Slacalek, Kiichi Tokuoka and Matthew White

The Fall in Global Fertility: A Quantitative Model pp. 77-109

Tiloka de Silva and Silvana Tenreyro

Liquidity Traps and Monetary Policy: Managing a Credit Crunch pp. 110-38

Francisco Buera and Juan Pablo Nicolini

Optimal Capital Requirements over the Business and Financial Cycles pp. 139-74

Frederic Malherbe

Non-neutrality of Open-Market Operations pp. 175-226

Pierpaolo Benigno and Salvatore Nisticò

Managing the UK National Debt 1694–2018 pp. 227-57

Martin Ellison and Andrew Scott

A Central Bank Theory of Price Level Determination pp. 258-83

Pierpaolo Benigno

Sticky Wage Models and Labor Supply Constraints pp. 284-318

Zhen Huo and José-Víctor Ríos-Rull

Liquidity and Consumption: Evidence from Three Post-earthquake Reconstruction Programs in Italy pp. 319-46

Antonio Acconcia, Giancarlo Corsetti and Saverio Simonelli

Volume 12, issue 2, 2020

Deconstructing Monetary Policy Surprises—The Role of Information Shocks pp. 1-43

Marek Jarociński and Peter Karadi

Endogenous Infrastructure Development and Spatial Takeoff in the First Industrial Revolution pp. 44-93

Alex Trew

Consumer Imperfect Information and Endogenous Price Rigidity pp. 94-123

Jean-Paul L'Huillier

Bond Convenience Yields and Exchange Rate Dynamics pp. 124-66

Rosen Valchev

The Aging of the Baby Boomers: Demographics and Propagation of Tax Shocks pp. 167-93

Domenico Ferraro and Giuseppe Fiori

Implications of Labor Market Frictions for Risk Aversion and Risk Premia pp. 194-240

Eric Swanson

Uninsured Unemployment Risk and Optimal Monetary Policy in a Zero-Liquidity Economy pp. 241-83

Edouard Challe

Did Unconventional Interventions Unfreeze the Credit Market? pp. 284-309

Hui Tong and Shang-Jin Wei

Dynamic Debt Deleveraging and Optimal Monetary Policy pp. 310-50

Pierpaolo Benigno, Gauti Eggertsson and Federica Romei

The Marginal Propensity to Consume over the Business Cycle pp. 351-84

Tal Gross, Matthew Notowidigdo and Jialan Wang

Volume 12, issue 1, 2020

Rational Inattention in Hiring Decisions pp. 1-40

Sushant Acharya and Shu Lin Wee

The Collateral Composition Channel pp. 41-75

Frédéric Boissay and Russell Cooper

The Impact of Brexit on Foreign Investment and Production pp. 76-103

Ellen McGrattan and Andrea Waddle

Temporary Price Changes, Inflation Regimes, and the Propagation of Monetary Shocks pp. 104-52

Fernando Alvarez and Francesco Lippi

The Agricultural Wage Gap: Evidence from Brazilian Micro-data pp. 153-73

Jorge A. Alvarez

Older Americans Would Work Longer If Jobs Were Flexible pp. 174-209

John Ameriks, Joseph Briggs, Andrew Caplin, Minjoon Lee, Matthew Shapiro and Christopher Tonetti

Multidimensional Skill Mismatch pp. 210-44

Fatih Guvenen, Burhan Kuruscu, Satoshi Tanaka and David Wiczer

Leverage and Deepening Business-Cycle Skewness pp. 245-81

Henrik Jensen, Ivan Petrella, Søren Hove Ravn and Emiliano Santoro

Heterogeneity, Inattention, and Bayesian Updates pp. 282-309

Raffaella Giacomini, Vasiliki Skreta and Javier Turen

The Weak Job Recovery in a Macro Model of Search and Recruiting Intensity pp. 310-43

Sylvain Leduc and Zheng Liu