Macroeconomic Dynamics

1997 - 2022

From Cambridge University Press
Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Keith Waters ().

Access Statistics for this journal.
Track citations for all items by RSS feed
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 26, issue 4, 2022

“WAIT AND SEE” OR “FEAR OF FLOATING”? pp. 833-884

Xiaowen Lei, Dong Lu and Kenneth Kasa

TIMING AND SIGNALS OF MONETARY REGIME SWITCHING pp. 885-919

Daniel Soques

BAYESIAN ESTIMATION OF A SMALL-SCALE NEW KEYNESIAN MODEL WITH HETEROGENEOUS EXPECTATIONS pp. 920-944

Christopher J. Elias

CONVERGENCE AND DIVERGENCE: A NEW APPROACH, NEW DATA, AND NEW RESULTS pp. 945-978

Michele Battisti, Gianfranco di Vaio and Joseph Zeira

FERTILITY, HUMAN CAPITAL, AND INCOME: THE EFFECTS OF CHINA’S ONE-CHILD POLICY pp. 979-1020

Jiajia Gu

MONEY AND CREDIT REMIX pp. 1021-1034

Luis Araujo and Leo Ferraris

MISALLOCATION OF RESOURCES, TOTAL FACTOR PRODUCTIVITY, AND THE CLEANSING HYPOTHESIS pp. 1035-1072

George Vachadze

MONETARY POLICY AND RESERVE REQUIREMENTS IN A SMALL OPEN ECONOMY pp. 1073-1106

Jose Angelo Divino and Carlos Haraguchi

A NOTE ON THE SLOPE OF THE AGGREGATE DEMAND CURVE AT THE ZERO LOWER BOUND pp. 1107-1126

Yangyang Ji and Wei Xiao

Volume 26, issue 3, 2022

ON PRICE DYNAMICS WITH SEARCH AND BARGAINING IN THE PRODUCT MARKET pp. 545-578

Mirko Abbritti and Tommaso Trani

INFLATION AND INEQUALITY IN A GROWING ECONOMY WITH CASH AND CREDIT GOODS pp. 579-612

Juin-Jen Chang, Hsieh-Yu Lin, David W. Savitski and Hsueh-Fang Tsai

THE INSTABILITY OF OPEN PARETO EFFICIENT ECONOMIES pp. 613-648

Antoine Le Riche

ENDOGENOUS PARTICIPATION, RISK, AND LEARNING IN THE STOCK MARKET pp. 649-681

Michael Shin

UNEQUAL EXCHANGE RATE PASS-THROUGH ACROSS INCOME GROUPS pp. 682-725

Hakan Yilmazkuday

GOVERNMENT SPENDING MULTIPLIERS IN GOOD TIMES AND BAD TIMES: THE CASE OF EMERGING MARKETS pp. 726-768

Fábio Augusto Reis Gomes, Sergio Naruhiko Sakurai and Gian Soave

INCOME DISTRIBUTION BY AGE GROUP AND PRODUCTIVE BUBBLES pp. 769-799

Xavier Raurich and Thomas Seegmuller

A NOTE ON THE ANNUITY ROLE OF ESTATE TAX pp. 800-812

Monisankar Bishnu and Cagri Kumru

EFFECTS OF R&D SUBSIDIES IN A HYBRID MODEL OF ENDOGENOUS GROWTH AND SEMI-ENDOGENOUS GROWTH pp. 813-832

Angus Chu and Xilin Wang

Volume 26, issue 2, 2022

UNSECURED CREDIT, PRODUCT VARIETY, AND UNEMPLOYMENT DYNAMICS pp. 277-313

Mario Rafael Silva

MACRO-ECONOMIC MEASURES FOR A GLOBALIZED WORLD: GLOBAL GROWTH AND INFLATION pp. 314-360

Bert Balk, Alicia N. Rambaldi and D.S. Prasada Rao

HETEROGENEITY IN INFLATION EXPECTATIONS AND MACROECONOMIC DYNAMICS UNDER EVOLUTIONARILY SATISFICING LEARNING pp. 361-393

Jaylson Jair da Silveira and Gilberto Lima

TREND-CYCLE DECOMPOSITIONS OF REAL GDP REVISITED: CLASSICAL AND BAYESIAN PERSPECTIVES ON AN UNSOLVED PUZZLE pp. 394-418

Chang-Jin Kim and Jaeho Kim

LABOR TAX REDUCTIONS IN EUROPE: THE ROLE OF PROPERTY TAXATION pp. 419-451

Marcin Bielecki and Nikolai Stähler

TRADE IN HUMAN CAPITAL: A QUANTITATIVE THEORY OF ECONOMIC GROWTH AND THE IMPORT OF HIGHER EDUCATION pp. 452-490

Abdulaziz B. Shifa

HOUSING MARKETS, EXPECTATION FORMATION AND INTEREST RATES pp. 491-532

Carolin Martin, Noemi Schmitt and Frank Westerhoff

A NOTE ON THE UNIQUENESS OF STEADY-STATE EQUILIBRIUM UNDER STATE-DEPENDENT WAGE SETTING pp. 533-544

Shuhei Takahashi

Volume 26, issue 1, 2022

ON THE MIX OF GOVERNMENT EXPENDITURE AND TAX REVENUES pp. 1-48

George Economides, Hyun Park, Apostolis Philippopoulos and Stelios Sakkas

GLOBAL VS. GROUP-SPECIFIC BUSINESS CYCLES: THE IMPORTANCE OF DEFINING THE GROUPS pp. 49-71

Tino Berger and Marcus Wortmann

THE GOVERNMENT SPENDING MULTIPLIER IN A MODEL WITH THE COST CHANNEL pp. 72-101

Salem Abo-Zaid

ON THE EXPECTATIONAL STABILITY OF RATIONAL EXPECTATIONS EQUILIBRIA IN NEWS-SHOCK DSGE MODELS pp. 102-126

Brian Dombeck

IS PRODUCTIVITY ON VACATION? THE IMPACT OF THE DIGITAL ECONOMY ON THE VALUE OF LEISURE pp. 127-148

Benjamin Bridgman

THE EFFECTS OF FISCAL POLICY AT THE EFFECTIVE LOWER BOUND pp. 149-185

Dennis Bonam, Jakob de Haan and Beau Soederhuizen

A SUNSPOT-BASED THEORY OF UNCONVENTIONAL MONETARY POLICY pp. 186-217

Roger E. A. Farmer and Pawel Zabczyk

AUTOMATION, STAGNATION, AND THE IMPLICATIONS OF A ROBOT TAX pp. 218-249

Emanuel Gasteiger and Klaus Prettner

A NOTE ON THE UNEMPLOYMENT VOLATILITY PUZZLE: IS CREDIBLE WAGE BARGAINING THE ANSWER? pp. 250-262

Bingsong Wang

A NOTE ON THE RELATION BETWEEN SEARCH COSTS AND SEARCH DURATION FOR NEW HIRES pp. 263-276

Francesco Carbonero and Hermann Gartner

Volume 25, issue 8, 2021

AN N-STATE ENDOGENOUS MARKOV-SWITCHING MODEL WITH APPLICATIONS IN MACROECONOMICS AND FINANCE pp. 1937-1965

Shih-Tang Hwu, Chang-Jin Kim and Jeremy Piger

IDENTIFYING TECHNOLOGY SHOCKS AT THE BUSINESS CYCLE VIA SPECTRAL VARIANCE DECOMPOSITIONS pp. 1966-1992

Yuliya Lovcha and Alejandro Perez-Laborda

MACROECONOMIC CONSEQUENCES OF THE DEMOGRAPHIC AND EDUCATIONAL CHANGES IN POLAND AFTER 1990 pp. 1993-2036

Aleksandra Kolasa

THE ROLE OF MONEY IN FEDERAL RESERVE POLICY pp. 2037-2057

Irfan A. Qureshi

THE LIKELIHOOD OF EFFECTIVE LOWER BOUND EVENTS pp. 2058-2079

Michal Franta

ON PHASE SHIFTS IN A NEW KEYNESIAN MODEL ECONOMY pp. 2080-2101

Xue Li and Joseph Haslag

REGRESSIVE WELFARE EFFECTS OF HOUSING BUBBLES pp. 2102-2127

Andrew Graczyk and Toan Phan

POLITICAL CONFLICT AND BARGAINING IN A NEW KEYNESIAN MODEL OF FISCAL STABILIZATION pp. 2128-2179

Francesca Flamini and Campbell Leith

PRICE FLEXIBILITY AND OUTPUT VOLATILITY UNDER MENU COSTS pp. 2180-2203

Nam T. Vu

HOPF BIFURCATION FROM NEW-KEYNESIAN TAYLOR RULE TO RAMSEY OPTIMAL POLICY pp. 2204-2236

Jean-Bernard Chatelain and Kirsten Ralf

Volume 25, issue 7, 2021

AN ESTIMATED DSGE MODEL WITH LEARNING BASED ON TERM STRUCTURE INFORMATION pp. 1635-1665

Pablo Aguilar and Jesús Vázquez

FISCAL ADJUSTMENTS AND THE SHADOW ECONOMY IN AN EMERGING MARKET pp. 1666-1700

Celso Costa Junior, Alejandro C. Garcia-Cintado and Carlos Usabiaga

REAL WAGE RIGIDITY, HETEROGENEITY, AND THE BUSINESS CYCLES pp. 1701-1725

Eunseong Ma

OPTIMAL MONETARY AND FISCAL POLICY IN A CURRENCY UNION WITH FRICTIONAL GOODS MARKETS pp. 1726-1754

Pedro Gomis-Porqueras and Cathy Zhang

COMPLEX DYNAMICS IN LUCAS’ TREE ASSET PRICING MODEL WITH DYNAMIC SELF-CONTROL PREFERENCES pp. 1755-1778

Marco Airaudo

RISK SHOCKS, RISK MANAGEMENT, AND INVESTMENT pp. 1779-1809

Jonathan Goldberg

THE CONDITIONAL INS AND OUTS OF FRENCH UNEMPLOYMENT pp. 1810-1841

Idriss Fontaine

INTEREST RATES, MONEY, AND ECONOMIC ACTIVITY pp. 1842-1891

Cosmas Dery and Apostolos Serletis

INVESTING IN PUBLIC INFRASTRUCTURE: ROADS OR SCHOOLS? pp. 1892-1921

Manoj Atolia, Bin Grace Li, Ricardo Marto and Giovanni Melina

A NOTE ON THE SECTORAL COMPOSITION OF GOVERNMENT SPENDING, PROGRESSIVE TAXATION AND AGGREGATE (IN)STABILITY pp. 1922-1936

Dou Jiang

Volume 25, issue 6, 2021

A UNIFIED FRAMEWORK FOR OPTIMAL TAXATION WITH UNDIVERSIFIABLE RISK pp. 1331-1345

Vasia Panousi and Catarina Reis

SOVEREIGN DEFAULT, TRADE, AND TERMS OF TRADE pp. 1346-1380

Grace Weishi Gu

A FREQUENCY-DOMAIN APPROACH TO DYNAMIC MACROECONOMIC MODELS pp. 1381-1411

Fei Tan

CONSUMPTION, LEISURE, AND MONEY pp. 1412-1441

Apostolos Serletis and Libo Xu

IDENTIFYING NEWS SHOCKS WITH FORECAST DATA pp. 1442-1471

Yasuo Hirose and Takushi Kurozumi

DEATH AND CAPITAL pp. 1472-1494

Shankha Chakraborty and Mausumi Das

INVESTIGATING THE ROLE OF MONEY IN THE IDENTIFICATION OF MONETARY POLICY BEHAVIOR: A BAYESIAN DSGE PERSPECTIVE pp. 1495-1537

Bing Li, Qing Liu and Pei Pei

HETEROGENEOUS EXPECTATIONS AND ASSET PRICE DYNAMICS pp. 1538-1568

Noemi Schmitt

NEW INSIGHTS FROM THE CANONICAL RAMSEY–CASS–KOOPMANS GROWTH MODEL pp. 1569-1577

Eric Nævdal

LIQUIDITY EXTERNALITIES AND THE WALLACE CONJECTURE pp. 1578-1588

Nicola Amendola, Leo Ferraris and Fabrizio Mattesini

TECHNOLOGICAL ABSORPTIVE CAPACITY AND DEVELOPMENT STAGE: DISENTANGLING BARRIERS TO RICHES pp. 1589-1624

Rodrigo Fuentes and Verónica Mies

A NOTE ON MONOTONE COMPARATIVE STATICS FOR MONETARY DIRECTED SEARCH MODELS pp. 1625-1634

Michael Choi

Volume 25, issue 5, 2021

INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUE ON: GROWTH IN THE AFTERMATH OF THE FINANCIAL CRISIS: THEORIES, POLICIES, AND SOURCES OF SUSTAINABLE DEVELOPMENT pp. 1145-1154

Alberto Bucci and Guido Cozzi

A PARSIMONIOUS MODEL OF LONGEVITY, FERTILITY, HIV TRANSMISSION AND DEVELOPMENT pp. 1155-1174

Luca Gori, Piero Manfredi and Mauro Sodini

INNOVATION, GROWTH, AND OPTIMAL MONETARY POLICY pp. 1175-1198

Barbara Annicchiarico and Alessandra Pelloni

INFLATION AND GROWTH: A NON-MONOTONIC RELATIONSHIP IN AN INNOVATION-DRIVEN ECONOMY pp. 1199-1226

Zhijie Zheng, Chien-Yu Huang and Yibai Yang

MACRO- AND MICROPRUDENTIAL POLICIES: SWEET AND LOWDOWN IN A CREDIT NETWORK AGENT-BASED MODEL pp. 1227-1246

Ermanno Catullo, Federico Giri and Mauro Gallegati

R&D POLICY IN THE ECONOMY WITH STRUCTURAL CHANGE AND HETEROGENEOUS SPILLOVERS pp. 1247-1266

Anton Bondarev

SECULAR STAGNATION, R&D, PUBLIC INVESTMENT, AND MONETARY POLICY: A GLOBAL-MODEL PERSPECTIVE pp. 1267-1287

Pietro Cova, Alessandro Notarpietro, Patrizio Pagano and Massimiliano Pisani

DYNAMICS OF A SIMPLE ENDOGENOUS GROWTH MODEL WITH FINANCIAL INTERMEDIATION pp. 1288-1302

Dominika Byrska, Adam Krawiec and Marek Szydłowski

VARIETY, COMPETITION, AND POPULATION IN ECONOMIC GROWTH: THEORY AND EMPIRICS pp. 1303-1330

Alberto Bucci, Lorenzo Carbonari and Giovanni Trovato

Volume 25, issue 4, 2021

UNANCHORED EXPECTATIONS: SELF-REINFORCING LIQUIDITY TRAPS AND MULTIPLE STEADY STATES pp. 845-873

Joep Lustenhouwer

SUSTAINABILITY OF PUBLIC DEBT AND INEQUALITY IN A GENERAL EQUILIBRIUM MODEL pp. 874-895

Noritaka Maebayashi and Kunihiko Konishi

IN THE NAME OF THE FATHER: INHERITANCE SYSTEMS AND THE DYNAMICS OF STATE CAPACITY pp. 896-923

Èric Roca Fernández

MACROECONOMIC STABILIZATION AND LONG-TERM GROWTH: THE ROLE OF POLICY DESIGN pp. 924-969

Philipp Harting

FISCAL MULTIPLIERS AT THE ZERO LOWER BOUND: THE ROLE OF GOVERNMENT SPENDING PERSISTENCE pp. 970-997

Phuong V. Ngo

ARBITRAGE BETWEEN CONSUMPTION AND SAVING FOR BEQUEST: THE ROLE OF SUBJECTIVE EXPECTED SURVIVAL AND SATISFACTION WITH THE QUALITY OF LIFE, SOUTH KOREA 2008–2014 pp. 998-1019

Noël Bonneuil and Younga Kim

TECHNOLOGY SHOCKS AND HOURS WORKED: A CROSS-COUNTRY ANALYSIS pp. 1020-1052

Jacqueline Thomet and Philipp Wegmueller

THE GREAT TRADE COLLAPSE: AN EVALUATION OF COMPETING STORIES pp. 1053-1089

Hakan Yilmazkuday

DOES CALVO MEET ROTEMBERG AT THE ZERO LOWER BOUND? pp. 1090-1111

Jianjun Miao and Phuong V. Ngo

A NOTE ON PROGRESSIVE TAXATION, NOMINAL-WAGE RIGIDITY, AND BUSINESS CYCLE DESTABILIZATION pp. 1112-1125

Miroslav Gabrovski and Jang-Ting Guo

A NOTE ON MEASURING US TIME SERIES VOLATILITY DURING THE GREAT MODERATION pp. 1126-1143

Isaiah Hull

Volume 25, issue 3, 2021

INTRODUCTION TO MACROECONOMIC DYNAMICS SPECIAL ISSUE ON NEW TOOLS FOR GLOBAL ANALYSIS OF ECONOMIC DYNAMICS pp. 603-608

Luca Gori, Angelo Antoci, Davide Fiaschi and Mauro Sodini

ENDOGENOUS DEMOGRAPHIC CHANGE, RETIREMENT, AND SOCIAL SECURITY pp. 609-631

Giam Pietro Cipriani and Tamara Fioroni

SOCIAL CAPITAL, HUMAN CAPITAL, AND FERTILITY pp. 632-650

Raffaella Coppier, Fabio Sabatini and Mauro Sodini

CHILDREN’S HEALTH, HUMAN CAPITAL ACCUMULATION, AND R&D-BASED ECONOMIC GROWTH pp. 651-668

Annarita Baldanzi, Alberto Bucci and Klaus Prettner

PUBLIC DEBT MANAGEMENT AND TAX EVASION pp. 669-692

Amedeo Argentiero and Roy Cerqueti

GLOBALLY INDETERMINATE GROWTH PATHS IN THE LUCAS MODEL OF ENDOGENOUS GROWTH pp. 693-704

Giovanni Bella, Paolo Mattana and Beatrice Venturi

OFFSHORING, RESHORING, UNEMPLOYMENT, AND WAGE DYNAMICS IN A TWO-COUNTRY EVOLUTIONARY MODEL pp. 705-732

Davide Radi, Fabio Lamantia and Gian Italo Bischi

DON’T FEED THE BEARS! ENVIRONMENTAL DEFENSIVE EXPENDITURES AND SPECIES-TYPICAL BEHAVIOR IN AN OPTIMAL GROWTH MODEL pp. 733-752

Angelo Antoci, Simone Borghesi and Paolo Russu

A CONTRIBUTION TO THE THEORY OF FERTILITY AND ECONOMIC DEVELOPMENT pp. 753-775

Luca Gori and Mauro Sodini

INTERGENERATIONAL MOBILITY AND SOCIAL STATUS IN A MODEL WITH HUMAN CAPITAL INVESTMENTS AND TRAIT INHERITANCE pp. 776-794

Rainer Andergassen and Franco Nardini

TAX POLICY AND FOOD SECURITY: A DYNAMIC ANALYSIS pp. 795-823

Pawan Gopalakrishnan and Anuradha Saha

A NOTE ON BALANCED-BUDGET INCOME TAXES AND AGGREGATE (IN)STABILITY IN MULTI-SECTOR ECONOMIES pp. 824-843

Nicolas Abad and Alain Venditti

Volume 25, issue 2, 2021

THE EFFECTS OF HIGH BANKING SPREADS IN AN INFORMAL ECONOMY pp. 281-303

Giovanni T. Merlin and Vladimir Teles

EXCHANGE RATE PASS-THROUGH INTO INDUSTRY-SPECIFIC PRICES: AN ANALYSIS WITH INDUSTRY-SPECIFIC EXCHANGE RATES pp. 304-336

Hülya Saygılı and Mesut Saygılı

LONG-RUN TAX INCIDENCE IN A HUMAN-CAPITAL-BASED ENDOGENOUS GROWTH MODEL WITH LABOR-MARKET FRICTIONS pp. 337-378

Been-Lon Chen, Hung-Ju Chen and Ping Wang

CONSUMER DEMAND, CONSUMPTION, AND ASSET PRICING: AN INTEGRATED ANALYSIS WITH INTERTEMPORAL TWO-STAGE BUDGETING pp. 379-425

H. Youn Kim, Keith McLaren and Ka Wong

TAXATION AND PUBLIC HEALTH INVESTMENT: POLICY CHOICES AND TRADEOFFS pp. 426-461

Manoj Atolia, Chris Papageorgiou and Stephen J Turnovsky

REGIME-SWITCHING PRODUCTIVITY GROWTH AND BAYESIAN LEARNING IN REAL BUSINESS CYCLES pp. 462-488

Sami Alpanda

PATENTS AND GROWTH IN OLG ECONOMY WITH PHYSICAL CAPITAL pp. 489-508

Bharat Diwakar, Gilad Sorek and Michael Stern

EXPECTATION-DRIVEN ASSET PRICE FLUCTUATIONS UNDER THE SPIRIT OF CAPITALISM HYPOTHESIS: THE ROLE OF HETEROGENEITY pp. 509-535

Lise Clain-Chamosset-Yvrard

THE VANISHING EFFECT OF FINANCE ON ECONOMIC DEVELOPMENT pp. 536-578

Klaus Gründler

WELFARE EFFECTS OF PATENT PROTECTION IN A GROWTH MODEL WITH R&D AND CAPITAL ACCUMULATION pp. 579-602

Yibai Yang

Volume 25, issue 1, 2021

INTRODUCTION TO CURRENT ISSUES IN APPLIED MACROECONOMICS pp. 1-4

Makram El-Shagi and James Swofford

DO CORPORATE TAXES HARM ECONOMIC PERFORMANCE? EXPLAINING DISTORTIONS IN R&D- AND EXPORT-INTENSIVE UK FIRMS pp. 5-27

Ioannis Bournakis and Sushanta Mallick

CURRENT ACCOUNT DYNAMICS AND THE REAL EXCHANGE RATE: DISENTANGLING THE EVIDENCE pp. 28-58

Matthieu Bussiere, Aikaterini Karadimitropoulou and Miguel Leon-Ledesma

INTELLECTUAL PROPERTY AND PRODUCT MARKET COMPETITION REGULATIONS IN A MODEL WITH TWO R&D PERFORMING SECTORS pp. 59-80

Vahagn Jerbashian

INDEX NUMBERS AND REVEALED PREFERENCE RANKINGS pp. 81-99

Per Hjertstrand, James L. Swofford and Gerald A. Whitney

OPTIMIZING POLICYMAKERS’ LOSS FUNCTIONS IN CRISIS PREDICTION: BEFORE, WITHIN OR AFTER? pp. 100-123

Peter Sarlin and Gregor von Schweinitz

THE “DARK SIDE” OF CREDIT DEFAULT SWAPS INITIATION: A CLOSE LOOK AT SOVEREIGN DEBT CRISES pp. 124-153

Hippolyte Balima, Jean-Louis Combes and Alexandru Minea

REGIONAL CONVERGENCE IN LARGE EMERGING ECONOMIES: A DISTRIBUTION DYNAMICS APPROACH pp. 154-177

Kiril Tochkov

TEMPORAL AND SPATIAL DEPENDENCE OF INTERREGIONAL RISK SHARING: EVIDENCE FROM RUSSIA pp. 178-200

Jarko Fidrmuc and Moritz Degler

MONETARY POLICY WHEN THE ZERO LOWER BOUND IS WITHIN REACH: A SMOOTH TRANSITION REGRESSION APPROACH pp. 201-212

Andreas Steiner

ALTERNATIVE MONETARY POLICIES UNDER KEYNESIAN ANIMAL SPIRITS pp. 213-239

Tai-kuang Ho, Ya-chi Lin and Kuo-chun Yeh

WHEN DOES MONETARY MEASUREMENT MATTER (MOST)? pp. 240-256

Makram El-Shagi

INSTITUTIONS’ IMPACT ON THE CORRUPTION–GROWTH NEXUS: NONLINEARITIES AND TRANSMISSION CHANNELS pp. 257-279

Réda Marakbi, Camelia Romocea Turcu and Patrick Villieu