Macroeconomic Dynamics

1997 - 2025

From Cambridge University Press
Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
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Volume 26, month December, 2022

LABOR MARKET DYNAMICS UNDER TECHNOLOGY SHOCKS: THE ROLE OF SUBSISTENCE CONSUMPTION pp. 1965-1993

Sangyup Choi and Myungkyu Shim

STATE-DEPENDENT FORMATION OF INFLATION EXPECTATIONS pp. 1994-2028

Bopjun Gwak

CHILDREN’S LEARNING ENVIRONMENT AND GROWTH-PROMOTING INCOME REDISTRIBUTION pp. 2029-2085

Debasis Bandyopadhyay and Xueli Tang

DATA REDUCTION BY THE HAAR FUNCTION: A CASE STUDY OF THE PHILLIPS CURVE pp. 2086-2103

Marco Gallegati, Meghnad Desai and James B. Ramsey

CONSUMERS’ UPDATING, POLICY SHOCKS, AND PUBLIC DEBT: AN EMPIRICAL ASSESSMENT OF STATE DEPENDENCIES pp. 2104-2140

Martin Geiger and Marios Zachariadis

DEPENDENCE STRUCTURE BETWEEN MONEY AND ECONOMIC ACTIVITY: A MARKOV-SWITCHING COPULA VEC APPROACH pp. 2141-2160

Apostolos Serletis and Libo Xu

CREDIT CARDS, THE DEMAND FOR MONEY, AND MONETARY AGGREGATION pp. 2161-2203

Jinan Liu and Apostolos Serletis

IS BIGGER MORE EFFECTIVE? SHOCK SIZE AND THE EFFICACY OF MONETARY POLICY pp. 2204-2215

Toyoichiro Shirota

OPTIMAL TARIFFS IN A TWO-COUNTRY R&D-BASED GROWTH MODEL pp. 2216-2246

Hamid Beladi, Ping-ho Chen, Hsun Chu, Ching-chong Lai and Ting-wei Lai

Volume 26, month October, 2022

FISCAL POLICY CHANGES AND LABOR MARKET DYNAMICS IN JAPAN’S LOST DECADE pp. 1691-1730

Julen Esteban-Pretel, Xiangcai Meng and Ryuichi Tanaka

AUTOMATION, PARTIAL AND FULL pp. 1731-1755

Jakub Growiec

EQUILIBRIUM INDETERMINACY, ENDOGENOUS ENTRY AND EXIT, AND INCREASING RETURNS TO SPECIALIZATION pp. 1756-1774

Shu-Hua Chen and Jang-Ting Guo

HOUSING WEALTH REALLOCATION BETWEEN SUBPRIME AND PRIME BORROWERS DURING RECESSIONS pp. 1775-1805

Ayse Sapci and Nam Vu

MONETARY REGIMES, MONEY SUPPLY, AND THE USA BUSINESS CYCLE SINCE 1959: IMPLICATIONS FOR MONETARY POLICY TODAY pp. 1806-1832

Hylton Hollander and Lars Christensen

GENETIC, CULTURAL, AND HISTORICAL DETERMINANTS OF KNOWLEDGE CREATION pp. 1833-1890

Erkan Gören

PROGRESSIVE TAXATION AND MACROECONOMICS (IN)STABILITY UNDER HOUSEHOLD HETEROGENEITY pp. 1891-1922

Shu-Hua Chen

NEWS SHOCKS AND THE EFFECTS OF MONETARY POLICY pp. 1923-1963

Ren Zhang

ALTERNATIVE MONETARY POLICIES UNDER KEYNESIAN ANIMAL SPIRITS pp. 1964-1964

Tai-Kuang Ho, Ya-Chi Lin and Kuo-Chun Yeh

Volume 26, month September, 2022

A SUGGESTION FOR A DYNAMIC MULTIFACTOR MODEL (DMFM) pp. 1423-1443

Heather Gibson, Stephen Hall and George Tavlas

JOB DURATION AND HISTORY-DEPENDENT UNEMPLOYMENT INSURANCE pp. 1444-1482

Torben M. Andersen and Christian Ellermann-Aarslev

“TIME-RELEASE” OUTPUT RESPONSES TO PUBLIC EDUCATION EXPENDITURES pp. 1483-1521

Bebonchu Atems and William Blankenau

PHYSICAL CAPITAL, HUMAN CAPITAL, AND THE HEALTH EFFECTS OF POLLUTION IN AN OLG MODEL pp. 1522-1563

Sichao Wei and David Aadland

TAX RULES TO PREVENT EXPECTATIONS-DRIVEN LIQUIDITY TRAPS pp. 1564-1587

Yoichiro Tamanyu

RAMSEY OPTIMAL POLICY IN THE NEW-KEYNESIAN MODEL WITH PUBLIC DEBT pp. 1588-1614

Jean-Bernard Chatelain and Kirsten Ralf

GLOBAL BANK RISK AND MONETARY POLICY IN AN EMERGING ECONOMY pp. 1615-1646

Paul Luk

SOCIAL SECURITY AND LONGEVITY RISK: THE CASE OF RISKY BEQUEST INCOME pp. 1647-1678

Erin Cottle Hunt and Frank Caliendo

A NOTE ON POPULATION AGING AND EFFECTIVENESS OF FISCAL POLICY pp. 1679-1689

Hiroaki Miyamoto and Naoyuki Yoshino

Volume 26, month July, 2022

POPULATION AGING AND INVENTIVE ACTIVITY pp. 1127-1161

Andreas Irmen and Anastasia Litina

ARTIFICIAL INTELLIGENCE AND HUMAN JOBS pp. 1162-1201

Chia-Hui Lu

ANTICIPATED FUTURE CONSUMPTION IN AN ENDOGENOUS GROWTH MODEL pp. 1202-1238

Manuel Gómez and Goncalo Monteiro

THE ROLE OF LABOR MARKET FRICTIONS IN STRUCTURAL TRANSFORMATION pp. 1239-1263

Khalid ElFayoumi

IMMIGRATION, ENDOGENOUS SKILL BIAS OF TECHNOLOGICAL CHANGE, AND WELFARE ANALYSIS pp. 1264-1301

Gonca Senel

INFLATION TARGETING UNDER INFLATION UNCERTAINTY—MULTI-ECONOMY EVIDENCE FROM A STOCHASTIC VOLATILITY MODEL pp. 1302-1337

Matthias Hartmann, Helmut Herwartz and Maren Ulm

GROWTH AND CONVERGENCE THROUGH TECHNOLOGICAL INTERDEPENDENCE pp. 1338-1374

Wei Jin and Yixiao Zhou

THE DIFFUSION OF ECONOMIC ACTIVITY ACROSS SPACE: A NEW APPROACH pp. 1375-1422

Carmen Camacho and Agustín Pérez-Barahona

Volume 26, month June, 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 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, month April, 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 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, month March, 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 Rambaldi and D.S. Prasada Rao

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

Jaylson 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, month January, 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 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