Macroeconomic Dynamics

1997 - 2025

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

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 27, month December, 2023

Public Consumption Multipliers in Slack and Good Periods: Evidence From the Euro Area pp. 2031-2055

Marco Amendola

Income taxation and job creation pp. 2056-2085

Johanna Röhrs

Smells like animal spirits: the sensitivity of corporate investment to sentiment pp. 2086-2109

Gianni La Cava

Disequilibrium propagation of quantity constraints: application to the COVID lockdowns pp. 2110-2136

Antoine Mandel and Vipin P. Veetil

Income sources, cyclical behaviors of fiscal policy, and welfare conflict pp. 2137-2164

Meng Li and Chengrui Xiao

Price-level determinacy and monetary policy in a model with money and trend inflation pp. 2165-2190

Irfan Qureshi

Is there a national housing market bubble brewing in the United States? pp. 2191-2228

Rangan Gupta, Jun Ma, Konstantinos Theodoridis and Mark E. Wohar

Monetary policy transmission in China: dual shocks with dual bond markets pp. 2229-2251

Makram El-Shagi and Lunan Jiang

The optimal distribution of insured and uninsured deposits across banks pp. 2252-2269

Lukas Voellmy

Vintage article: the effect of monetary policy shocks in the UK: an external instruments approach pp. 2270-2285

Christoph Görtz, Wei Li, John Tsoukalas and Francesco Zanetti

Volume 27, month October, 2023

Health risk and the welfare effects of Social Security pp. 1767-1806

Shantanu Bagchi and Juergen Jung

Bankruptcy costs, idiosyncratic risk, and long-run growth pp. 1807-1842

Santiago Acosta-Ormaechea and Atsuyoshi Morozumi

Quantifying spillovers of coordinated investment stimulus in the EU pp. 1843-1865

Philipp Pfeiffer, Janos Varga and in ’t Veld, Jan

Implementing the commitment solution via discretionary policy-making pp. 1866-1892

Volker Hahn

The Financial Accelerator in the Euro Area: New Evidence Using a Mixture VAR Model pp. 1893-1931

Hamza Bennani, Jan Pablo Burgard and Matthias Neuenkirch

Financing the low-carbon transition: the impact of financial frictions on clean investment pp. 1932-1971

Hendrik Schuldt and Kai Lessmann

Financial or non-financial shocks: rivals that play together pp. 1972-1995

Hamed Ghiaie

A Note on Learning, House Prices, and Macro-Financial Linkages pp. 1996-2011

Pauline Gandré

A Note on the Neo-Fisher Effect in the New Keynesian Model pp. 2012-2028

Syed Zahid Ali and Irfan Qureshi

Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions – CORRIGENDUM pp. 2029-2029

Been-Lon Chen, Shian-Yu Liao, Dongpeng Liu and Xiangbo Liu

Volume 27, month September, 2023

The macroeconomic effects of the tax cuts and jobs act pp. 1495-1527

Filippo Occhino

Coordination frictions and economic growth pp. 1528-1548

Miroslav Gabrovski

Should wages be subsidized in a pandemic? pp. 1549-1580

Brant Abbott and Nam Van Phan

Dynamic inefficiency by promoting relative consumption pp. 1581-1596

Wai Chiu Woo

Aggregate elasticity of substitution between skills: estimates from a macroeconomic approach pp. 1597-1627

Michał Jerzmanowski and Robert Tamura

Okay boomer… Excess money growth, inflation, and population aging pp. 1628-1663

Joseph Kopecky

Drivers of inflation convergence across countries: the role of standard gravity variables pp. 1664-1686

Hakan Yilmazkuday

Presidents, Fed chairs, and the deviations from the Taylor rule pp. 1687-1705

Fang-Shuo Chang, Shiu-Sheng Chen, Tzu-Yu Lin and Po-Yuan Wang

Optimal fiscal policy under capital overaccumulation pp. 1706-1736

YiLi Chien and Yi Wen

Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions pp. 1737-1766

Been-Lon Chen, Shian-Yu Liao, Dongpeng Liu and Xiangbo Liu

Volume 27, month July, 2023

Difficulties in finding middle-skilled jobs under increased automation pp. 1179-1201

Hideki Nakamura

Implications of present-biased preferences on inheritance taxes pp. 1202-1229

Monisankar Bishnu, Cagri S. Kumru and Arm Nakornthab

Countercyclical capital regulation in a small open economy DSGE model pp. 1230-1267

Matija Lozej, Luca Onorante and Ansgar Rannenberg

Central bank credibility and inflation expectations: a microfounded forecasting approach pp. 1268-1288

João Victor Issler and Ana Flávia Soares

On the effects of taxation on growth: an empirical assessment pp. 1289-1318

Marco Alfò, Lorenzo Carbonari and Giovanni Trovato

Better understanding how uncertainty impacts the economy: Insights from internet search data on the importance of disaggregation pp. 1319-1344

Kalvinder Shields and Trung Duc Tran

Size-dependent financial frictions, capital misallocation, and aggregate productivity pp. 1345-1382

Xiaolu Zhu

The cost-of-living index in a cash and credit goods economy pp. 1383-1396

Toyoichiro Shirota

An unobserved components model of total factor productivity and the relative price of investment pp. 1397-1423

Joshua Chan and Edouard Wemy

Extension of unemployment benefits and changes in job search margins pp. 1424-1454

Omid Mousavi

Financial shocks and the relative dynamics of tangible and intangible investment: Evidence from the euro area pp. 1455-1480

Johannes Gareis and Eric Mayer

A note on infectious disease, economic growth, and related government policy pp. 1481-1494

Chia-Hui Lu

Volume 27, month June, 2023

Automation, productivity, and innovation in information technology pp. 879-905

Unni Pillai

The great lockdown: information, noise, and macroeconomic fluctuations pp. 906-927

Michal Brzoza-Brzezina and Grzegorz Wesołowski

Inflation-linked bonds in incomplete markets with sunspots pp. 928-944

Minwook Kang

Aggregate effects of firing costs with endogenous firm productivity growth pp. 945-965

Borja Petit

Provision of firm-sponsored training to temporary workers and labor market performance pp. 966-997

Makoto Masui

Sectoral employment effects of state fiscal relief: evidence from the Great Recession pp. 998-1018

Christian Bredemeier, Falko Juessen and Roland Winkler

Air quality in welfare accounting pp. 1019-1058

Almut Balleer and Morten Endrikat

Should the government subsidize innovation or automation? pp. 1059-1088

Angus Chu, Guido Cozzi, Yuichi Furukawa and Chih-Hsing Liao

Monetary policy and welfare in a currency union pp. 1089-1114

D’Aguanno, Lucio

A sectoral approach to measuring output gap: Evidence from 20 US Sectors over 1948−2020 pp. 1115-1137

Remzi Baris Tercioglu

Interactive effects between input and output technical inefficiencies pp. 1138-1165

Muna Esheba and Apostolos Serletis

A Note on nonconvex adjustment costs in lumpy investment models: Mean versus variance pp. 1166-1177

Min Fang

Volume 27, month April, 2023

Inequality over the business cycle: the role of distributive shocks pp. 571-600

Marius Clemens, Ulrich Eydam and Maik Heinemann

How diabolic is the sovereign-bank loop? The effects of post-default fiscal policies pp. 601-634

André Diniz and Bernardo Guimaraes

Optimal capital taxation in an economy with innovation-driven growth pp. 635-668

Ping-Ho Chen, Angus Chu, Hsun Chu and Ching-chong Lai

Wealth and Consumption After Job Displacement pp. 669-697

Justin Barnette

Are the Forecasts of Professionals Compatible with the Taylor Rule? Evidence from the Euro Area pp. 698-717

Robert Czudaj

The consequences of US technology changes for productivity in advanced economies pp. 718-742

Steffen Elstner and Svetlana Rujin

Tax evasion and optimal corporate income tax rates in a growing economy pp. 743-769

Takeo Hori, Noritaka Maebayashi and Keiichi Morimoto

Measuring International Uncertainty Using Global Vector Autoregressions with Drifting Parameters pp. 770-793

Michael Pfarrhofer

What Accounts for the German Labor Market Miracle? A Structural VAR Approach pp. 794-825

Mathias Klein and Stefan Schiman

The Stabilizing Effects of Publishing Strategic Central Bank Projections pp. 826-868

Steffen Ahrens, Joep Lustenhouwer and Michele Tettamanzi

A note on contraception, social norms, and growth pp. 869-878

Tiago Cavalcanti, Georgi Kocharkov and Cezar Santos

Volume 27, month March, 2023

Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model pp. 275-296

Makoto Hirono and Kazuo Mino

Estimating the FOMC’s interest rate rule with variable selection and partial regime switching pp. 297-330

Adam Check

Government investment fiscal multipliers: evidence from Euro-area countries pp. 331-349

Matteo Deleidi, Francesca Iafrate and Enrico Sergio Levrero

Financial shocks and inflation dynamics pp. 350-378

Angela Abbate, Sandra Eickmeier and Esteban Prieto

Coordination in price setting and the zero lower bound: a global games approach pp. 379-398

Mitsuru Katagiri

Incomplete Exchange Rate Pass-through and International Monetary Policy Cooperation pp. 399-431

Zhigang Huang and Jie Li

Currency substitution as an automatic stabilizer pp. 432-455

Shu-Hua Chen

Lending standards, productivity, and credit crunches pp. 456-481

Jonathan Swarbrick

Transitional dynamics of the saving rate and economic growth pp. 482-505

Markus Brueckner, Tomoo Kikuchi and George Vachadze

Mortgage debt and time-varying monetary policy transmission pp. 506-531

David Finck, Jörg Schmidt and Peter Tillmann

The effect of central bank credibility on forward guidance in an estimated New Keynesian model pp. 532-570

Stephen J. Cole and Enrique Martínez-García

Volume 27, month January, 2023

Sectoral labor mobility and optimal monetary policy pp. 1-26

Alessandro Cantelmo and Giovanni Melina

Firms’ Employment Dynamics and the State of the Labor Market pp. 27-55

Karolina Stadin

Housing choices and their implications for consumption heterogeneity pp. 56-71

Eva de Francisco

The time-varying and volatile macroeconomic effects of immigration pp. 72-92

Huachen Li

The more, the better? Forecasting gains from high-frequency housing prices in a Markov-switching dynamic factor model pp. 93-110

MeiChi Huang

Has international CPI inflation comovement strengthened since the global financial crisis? pp. 111-140

Inseok Shin and Kyu Ho Kang

The economic effects of government spending: using expectations data to control for information pp. 141-170

Matthew Hall and Aditi Thapar

Financial openness, bank capital flows, and the effectiveness of macroprudential policies pp. 171-202

Hao Jin and Chen Xiong

Co-integration with score-driven models: an application to US real GDP growth, US inflation rate, and effective federal funds rate pp. 203-223

Szabolcs Blazsek, Alvaro Escribano and Adrian Licht

Equilibrium dynamics in a model of growth and spatial agglomeration pp. 224-249

Shota Fujishima and Daisuke Oyama

Relative consumption, relative wealth, and long-run growth: when and why is the standard analysis prone to incorrect conclusions? pp. 250-274

Franz X. Hof and Klaus Prettner