Journal of Macroeconomics

1979 - 2026

Current editor(s): Douglas McMillin and Theodore Palivos

From Elsevier
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Volume 89, issue C, 2026

Sectoral supply shocks, sticky wages and monetary policy

Cesar Blanco and Sebastian Diz

Two decades of earnings inequality and dynamics in South Korea

Yongsung Chang, Jong-Suk Han, Hoyeon Jang, Donghoon Kim, Eun-Mi Kim, Jaiyong Kim, Minji Koo, Jungmin Lee and Jaeyong Seo

Welfare convergence in the Brazilian States

Thiago Pereira Lôbo, Denis da Silva Moreira and Luciano Nakabashi

Earnings inequality and risk over two decades of economic development in Lithuania

Jose Garcia-Louzao and Linas Tarasonis

Monetary policy effectiveness in a multi-sector model: The amplifying role of hand-to-mouth households

Hakan Yilmazkuday

Monetary policy shocks and inflation: The impact of backed vs. unbacked public debt in a policy mix regime

Guangling Liu and Marrium Mustapher

One-Child Policy, female schooling, and intergenerational transfers: A general equilibrium analysis

Wei-Cheng Chen and Ting-Wei Lai

Two decades of earnings inequality in Hungary

István Boza, Martin Neubrandt and Rita Pető

Higher order income risk and the business cycle: Evidence from the Netherlands

Giuseppe Floccari and Daniel Karpati

Bank lending in an unprecedented monetary tightening cycle: Evidence from the euro area

Simone Auer and Antonio M. Conti

Market-based monetary policy uncertainty shocks in the Euro Area

Umberto Collodel and Vanessa Kunzmann

New challenges for monetary policy and financial markets — Editorial introduction

Joscha Beckmann, Robert L. Czudaj and Neville Francis

Talking about policy: The influence of communication dispersion on monetary policy transmission

Emelie Theobald

Model uncertainty and international differences in risk aversion revisited

Masakatsu Okubo and Masao Tsuri

Misallocation and distribution: An empirical analysis of the effect of labor misallocation on labor share

Tian Qin, Yanxian Cui and Guangjun Shen

Labor force participation, wages and turbulence

Francesc Obiols-Homs and Virginia Sánchez-Marcos

Uninterrupted growth, redistribution and inequality: The Australian case 1991–2020

Chung Tran and Nabeeh Zakariyya

Volume 88, issue C, 2026

Sailing through uncertainty: Inspecting mechanisms in advanced and developing economies

Joao Jalles and Georgios Karras

Central bank transparency under adaptive learning empirical evidence from Mexico

Carolina Acuña Armenta

Political endogeneity

Yosef Bonaparte

Are consumer sentiment shocks state-dependent?

William Ginn and Jamel Saadaoui

The role of information in shaping inflation expectations and perceptions: A survey experiment

Anahit Matinyan, Ardash Kilejian, Gevorg Minasyan and Aleksandr Shirkhanyan

Inflation, monetary policy, and capital–labor inequality

Fabio Milani

The ins and outs of unemployment shocks

Carter Bryson

Macroeconomic effects of income and consumption tax reforms in New Zealand

Robert Kirkby, Huong Ngoc Vu and Yao Yao

Productivity gains from international trade in young and old economies

M. Jahangir Alam and Maksim Isakin

Expenditure, income variability and heterogeneity: Evidence from Italian household data

Fausto Libero Barberis, Fabio Di Dio and Pietro Zoppoli

Gas market shocks: Tracing the effect on Euro Area inflation expectations

J.F. Adolfsen, Marie-Sophie Lappe, Ana-Simona Manu, D. Rößler, F. Schupp and A. Stalla-Bourdillon

Estimation of the natural interest rate under monetary policy smoothing

Bernd Kempa and Feina Zou

Fiscal expectations, the sovereign–bank nexus, and bond yields in emerging and developing economies

Manabu Nose

Disentangling supply-side and demand-side effects of uncertainty shocks on U.S. financial markets: Identification using prices of gold and oil

Timo Bettendorf

Volume 87, issue C, 2026

Inflation expectations and political polarization: Evidence from the cooperative election study

Christina E. Farhart and Ethan Struby

The industrial cost of fixed exchange rate regimes

Blaise Gnimassoun, Carl Grekou and Valérie Mignon

Demystifying monetary policy surprises: Fed response to financial conditions and wait and see for new economic data

Zhengyang Chen

Human and physical capital: Welfare and income effects of government spending

Alok Kumar

Debt service channel for external debt and growth in developing countries

Mustafa Kilinc and Cengiz Tunc

The impact of financial uncertainty shocks on firm creation across US states

Chak Hung Jack Cheng, William B. Hankins and Anna-Leigh Stone

The dollar squeeze and economic growth

Jamus Jerome Lim and Xin Long

Volume 86, issue C, 2025

Monetary policy under fiscal stress: A forward-looking analysis of fiscal dominance

Donna Faye E. Bajaro, Jaqueson Galimberti and Irfan A. Qureshi

A monetary policy accordion: Why do central banks from different countries expand and contract together?

Parantap Basu, Yongdae Lee and Leslie Reinhorn

Intensive and extensive margins of labor adjustment with non-regular employment

Tetsuaki Takano

Public investment multipliers and the role of efficiency: new evidence for emerging markets

Martín Ardanaz, Zoila Llempén López, Jorge Puig and Oscar Valencia

Does monetary policy impact innovation? Evidence from Australian Administrative Data

Omer Majeed, Jonathan Hambur and Robert Breunig

Capital account liberalization, production heterogeneity, and belief-driven fluctuations in financial-constrained economies

Takuma Kunieda and Kazuo Nishimura

Efficiency wages, consumption inequality and self-fulfilling business cycles

Wei Dai, Mark Weder and Bo Zhang

Can you improve upon the GDP forecasts of professional forecasters using information about monetary policy?

Dean Croushore

Why old-age poverty matters: Evidence from consumption responses to income shocks

Yunho Cho, Jiseob Kim and Julie Kim

The role of MPC heterogeneity for fiscal policy in the euro area

Nicolas Albacete, Pirmin Fessler and Atanas Pekanov

Was pandemic fiscal relief effective fiscal stimulus? Evidence from aid to state and local governments

Jeffrey Clemens, Philip G. Hoxie and Stan Veuger

What do we know about estimating government spending multipliers?

Taewoong Jo, Jihye Kang and Joonyoung Hur

Saving behavior and the intergenerational allocation of leisure time

Fabio Cerina and Xavier Raurich

Time-varying interactions between monetary and housing credit policy

Giacomo Rella

Can fiscal rules improve banking system stability in developing countries?

Yacouba Coulibaly and Askandarou Cheik Diallo

Consumer inflation expectations and local price changes: Learning from experience

Tomasz Łyziak, Michael Pedersen and Ewa Stanisławska

Fiscal multipliers, trend inflation, and endogenous price stickiness: Evidence from the U.S

Ilya Gulenkov