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 11, issue 4, 2019

A Macroeconomic Framework for Quantifying Systemic Risk pp. 1-37

Zhiguo He and Arvind Krishnamurthy

"Whatever It Takes" Is All You Need: Monetary Policy and Debt Fragility pp. 38-81

Antoine Camous and Russell Cooper

Slow Post-financial Crisis Recovery and Monetary Policy pp. 82-112

Daisuke Ikeda and Takushi Kurozumi

Some Evidence on Secular Drivers of US Safe Real Rates pp. 113-39

Kurt Lunsford and Kenneth West

Monopoly Power and Endogenous Product Variety: Distortions and Remedies pp. 140-74

Florin Bilbiie, Fabio Ghironi and Marc Melitz

Unemployment Cycles pp. 175-234

Jan Eeckhout and Ilse Lindenlaub

Barriers to Reallocation and Economic Growth: The Effects of Firing Costs pp. 235-70

Toshihiko Mukoyama and Sophie Osotimehin

Optimal Taxation with Risky Human Capital pp. 271-309

Marek Kapicka and Julian Neira

Optimal Forward Guidance pp. 310-45

Florin Bilbiie

The Invisible Hand of the Government: Moral Suasion during the European Sovereign Debt Crisis pp. 346-79

Steven Ongena, Alexander Popov and Neeltje Van Horen

Volume 11, issue 3, 2019

Forward Guidance and Heterogeneous Beliefs pp. 1-29

Philippe Andrade, Gaetano Gaballo, Eric Mengus and Benoit Mojon

Corporate Cash and Employment pp. 30-66

Philippe Bacchetta, Kenza Benhima and Céline Poilly

Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence pp. 67-110

Diego Anzoategui, Diego Comin, Mark Gertler and Joseba Martinez

Menu Costs, Aggregate Fluctuations, and Large Shocks pp. 111-46

Peter Karadi and Adam Reiff

Is Government Spending at the Zero Lower Bound Desirable? pp. 147-73

Florin Bilbiie, Tommaso Monacelli and Roberto Perotti

The Currency Composition of Sovereign Debt pp. 174-208

Pablo Ottonello and Diego J. Perez

Asset Bubbles and Global Imbalances pp. 209-51

Daisuke Ikeda and Toan Phan

Internal Geography, Labor Mobility, and the Distributional Impacts of Trade pp. 252-88

Jingting Fan

Trade-Induced Structural Change and the Skill Premium pp. 289-326

Javier Cravino and Sebastian Sotelo

The Intensity of Job Search and Search Duration pp. 327-57

Jason Faberman and Marianna Kudlyak

Volume 11, issue 2, 2019

Housing Constraints and Spatial Misallocation pp. 1-39

Chang-Tai Hsieh and Enrico Moretti

Underemployment and the Trickle-Down of Unemployment pp. 40-78

Régis Barnichon and Yanos Zylberberg

Natural Resources and Global Misallocation pp. 79-126

Alexander Monge-Naranjo, Juan Sanchez and Raul Santaeulalia-Llopis

Capital Flows and Foreign Exchange Intervention pp. 127-70

Paolo Cavallino

Fixed-Wage Contracts and Monetary Non-neutrality pp. 171-92

Maria Björklund, Mikael Carlsson and Oskar Skans

Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective pp. 193-227

Aaron Flaaen, Matthew Shapiro and Isaac Sorkin

Failure to Launch: Housing, Debt Overhang, and the Inflation Option pp. 228-74

Aaron Hedlund

Financing Constraints, Radical versus Incremental Innovation, and Aggregate Productivity pp. 275-309

Andrea Caggese

Product Turnover and the Cost-of-Living Index: Quality versus Fashion Effects pp. 310-47

Kozo Ueda, Kota Watanabe and Tsutomu Watanabe

Changes in Between-Group Inequality: Computers, Occupations, and International Trade pp. 348-400

Ariel Burstein, Eduardo Morales and Jonathan Vogel

Volume 11, issue 1, 2019

A Model of Secular Stagnation: Theory and Quantitative Evaluation pp. 1-48

Gauti Eggertsson, Neil R. Mehrotra and Jacob Robbins

Learning, Career Paths, and the Distribution of Wages pp. 49-88

Santiago Caicedo, Robert Lucas and Esteban Rossi-Hansberg

Fiscal Austerity in Ambiguous Times pp. 89-131

Axelle Ferriere and Anastasios Karantounias

When Is Foreign Exchange Intervention Effective? Evidence from 33 Countries pp. 132-56

Marcel Fratzscher, Oliver Gloede, Lukas Menkhoff, Lucio Sarno and Tobias Stöhr

Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs pp. 157-92

Dario Caldara and Edward Herbst

Demographic Structure and Macroeconomic Trends pp. 193-222

Yunus Aksoy, Henrique Basso, Ronald Smith and Tobias Grasl

The Urban Mortality Transition and Poor-Country Urbanization pp. 223-75

Remi Jedwab and Dietrich Vollrath

Firm Uncertainty Cycles and the Propagation of Nominal Shocks pp. 276-337

Isaac Baley and Andrés Blanco

Inventory Management, Product Quality, and Cross-Country Income Differences pp. 338-88

Bernardo S. Blum, Sebastian Claro, Kunal Dasgupta and Ignatius Horstmann

Employment Adjustment and Part-Time Work: Lessons from the United States and the United Kingdom pp. 389-435

Daniel Borowczyk-Martins and Etienne Lalé

Volume 10, issue 4, 2018

The Price of Growth: Consumption Insurance in China 1989–2009 pp. 1-35

Raul Santaeulalia-Llopis and Yu Zheng

International Transmission with Heterogeneous Sectors pp. 36-76

Keyu Jin and Nan Li

The Gains from Input Trade with Heterogeneous Importers pp. 77-127

Joaquin Blaum, Claire Lelarge and Michael Peters

Oil and Macroeconomic (In)stability pp. 128-51

Hilde Bjørnland, Vegard Larsen and Junior Maih

A Model of Endogenous Loan Quality and the Collapse of the Shadow Banking System pp. 152-201

Francesco Ferrante

Low Real Interest Rates, Collateral Misrepresentation, and Monetary Policy pp. 202-33

Stephen Williamson

The Effect of Consumer Sentiment on Consumption: Cross-Sectional Evidence from Elections pp. 234-69

Christian Gillitzer and Nalini Prasad

Corporate Income Tax, Legal Form of Organization, and Employment pp. 270-304

Daphne Chen, Shi Qi and Don Schlagenhauf

Volume 10, issue 3, 2018

The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology pp. 1-41

Markus Poschke

Mismatch Unemployment and the Geography of Job Search pp. 42-70

Ioana Marinescu and Roland Rathelot

The Role of Annuitized Wealth in Post-retirement Behavior pp. 71-117

John Laitner, Dan Silverman and Dmitriy Stolyarov

Do Job Destruction Shocks Matter in the Theory of Unemployment? pp. 118-36

Melvyn Coles and Ali Moghaddasi Kelishomi

If Technology Has Arrived Everywhere, Why Has Income Diverged? pp. 137-78

Diego Comin and Martí Mestieri

Constrained Efficiency in a Human Capital Model pp. 179-214

Yena Park

The Political Economy of Municipal Pension Funding pp. 215-46

Jeffrey Brinkman, Daniele Coen-Pirani and Holger Sieg

Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan pp. 247-77

Wataru Miyamoto, Thuy Lan Nguyen and Dmitriy Sergeyev

Volume 10, issue 2, 2018

Wages, Human Capital, and Barriers to Structural Transformation pp. 1-23

Berthold Herrendorf and Todd Schoellman

Proposition 13: An Equilibrium Analysis pp. 24-51

Ayse Imrohoroglu, Kyle Matoba and Şelale Tüzel

Cyclical Job Ladders by Firm Size and Firm Wage pp. 52-85

John Haltiwanger, Henry Hyatt, Lisa Kahn and Erika McEntarfer

Entry and Exit, Multiproduct Firms, and Allocative Distortions pp. 86-112

Roberto Fattal Jaef

Investment Hangover and the Great Recession pp. 113-53

Matthew Rognlie, Andrei Shleifer and Alp Simsek

A Quantitative Theory of Information, Worker Flows, and Wage Dispersion pp. 154-83

Amanda Michaud

Predation, Protection, and Productivity: A Firm-Level Perspective pp. 184-221

Timothy Besley and Hannes Mueller

Labor Market Uncertainty and Portfolio Choice Puzzles pp. 222-62

Yongsung Chang, Jay H. Hong and Marios Karabarbounis

Volume 10, issue 1, 2018

Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Job-Seekers pp. 1-32

Robert Hall and Sam Schulhofer-Wohl

Sustainable Shadow Banking pp. 33-56

Guillermo Ordonez

Job Polarization and Structural Change pp. 57-89

Zsofia Barany and Christian Siegel

Climate Policy and Innovation: A Quantitative Macroeconomic Analysis pp. 90-118

Stephie Fried

The Relative Importance of Aggregate and Sectoral Shocks and the Changing Nature of Economic Fluctuations pp. 119-48

Julio Garin, Michael Pries and Eric Sims

Firms and the Decline in Earnings Inequality in Brazil pp. 149-89

Jorge Alvarez, Felipe Benguria, Niklas Engbom and Christian Moser

Job Search Behavior over the Business Cycle pp. 190-215

Toshihiko Mukoyama, Christina Patterson and Aysegul Sahin

The Possibility of Ideological Bias in Structural Macroeconomic Models pp. 216-41

Gilles Saint-Paul