Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

From Elsevier
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Volume 80, issue C, 2024

The role of local currency pricing in the international transmission effects of a government spending shock in an economy with vertical production linkage and foreign direct investment

Kohjiro Dohwa

The transmission of monetary policy shocks through the markets for reserves and money

Michael Belongia and Peter Ireland

Monetary policy and reserve requirements with a zero-interest digital euro

Paolo Fegatelli

Economic uncertainty, households’ credit situations, and higher education

Niraj P. Koirala, Dhiroj Prasad Koirala, Linus Nyiwul and Zhining Hu

Original sin: Fiscal rules and government debt in foreign currency in developing countries

Ablam Estel Apeti, Bao-We-Wal Bambe, Jean-Louis Combes and Eyah Denise Edoh

Monetary policy in a Schumpeterian economy with endogenous fertility and human capital accumulation

Wei Song and Yibai Yang

Exchange rate dynamics and consumption of traded goods

Maxym Chaban

The role of institutions in shaping the growth-aid relationship

Carlos Bethencourt and Fernando Perera-Tallo

Central bank objectives, monetary policy rules, and limited information

Jonathan Benchimol

Volume 79, issue C, 2024

COVID-19 inflation weights in the UK and Germany

Francesco Grigoli and Evgenia Pugacheva

Life-cycle wealth accumulation and consumption insurance

Claudio Campanale and Marcello Sartarelli

The limits of limitless debt

Kent Osband, Valerio Filoso and Salvatore Capasso

Seasonal temperature variability and economic cycles

Manuel Linsenmeier

The magnifying role of the banking sector during depressions

Paulo Júlio and José Maria

Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins

Svetlana Rujin

Unconventional monetary policy, financial frictions, and the equity tandem

Roland von Campe

Unveiling the impact of income taxes on inequality in a HACT model

Francisco Parro

Trust in public institutions, inequality, and digital interaction: Empirical evidence from European Union countries

Flaviana Palmisano and Agnese Sacchi

Redistributive policy and R&D-based growth

Ken Tabata

Government spending multipliers: Is there a difference between government consumption and investment purchases?

Alfred Haug and Anna Sznajderska

The political economy of inequality, mobility and redistribution

Ignacio P. Campomanes

FDI flows and sudden stops in small open economies

Sergio Villalvazo

Household heterogeneity and the price puzzle in a new Keynesian model

Daisuke Ida

Volume 78, issue C, 2023

Naïve agents with non-unitary discounting rate in a monetary economy

Koichi Futagami and Daiki Maeda

Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions

Bernd Hayo and Pierre-Guillaume Méon

Quantitative analysis of a wealth tax for the United States: Exclusions and expenditures

Rachel Moore and Brandon Pecoraro

On the welfare costs of business cycles: Beyond nondurable goods

Fernando Barros, Gabriel T. Couto and Fábio A.R. Gomes

AI revolution and coordination failure: Theory and evidence

Burak Ünveren, Tunç Durmaz and Seçkin Sunal

Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?

Kwangyong Park

Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data

Bruno Albuquerque and Georgina Green

The effect of legislated tax changes on the trade balance: Empirical evidence for the United States, Germany, and the United Kingdom

Bernd Hayo and Sascha Mierzwa

Efficiency of short-time work schemes and the role of monetary policy

Stefan Wilhelm

Do central bank words matter in emerging markets? Evidence from Mexico

Pavel Solís

Volume 77, issue C, 2023

Business cycle synchronization and African monetary union: A wavelet analysis

Gislain Stéphane Gandjon Fankem and Lucien Cédric Fouda Mbesa

Fiscal stabilization rule

Hovick Shahnazarian

Public investment, national debt, and economic growth: The role of debt finance under dynamic inefficiency

Akira Kamiguchi and Toshiki Tamai

Behavioral New Keynesian Models: An empirical assessment

Greta Meggiorini

Public debt and welfare in a quantitative Schumpeterian growth model with incomplete markets

Marco Cozzi

International capital flows, liquidity risk, and monetary policy

Andre Harrison and Robert R. Reed

Does automation technology increase wage?

Ryosuke Shimizu and Shohei Momoda

Misallocation of talent, teachers’ human capital, and development in Brazil

Fernando Barros, Bruno Ricardo Delalibera, Luciano Nakabashi and Marcos Ribeiro

Taylor rules: Consequences for wealth and income inequality

Yoichi Gokan and Stephen J. Turnovsky

Child survival and contraception choice: Theory and evidence

Joydeep Bhattacharya, Shankha Chakraborty and Minkyong Kim

Wage rigidity and destabilizing spirals

Euiyoung Jung

Effects of monetary and government spending policy on economic inequality

Saroj Dhital, Senyuan Jiang and Jillian Reese

Big Brother is also being watched: Measuring fiscal credibility

Nicolas End

Subsistence consumption and natural resource depletion: Can resource-rich low-income countries realize sustainable consumption paths?

Jürgen Antony and Torben Klarl

Global models for a global pandemic: The impact of COVID-19 on small euro area economies

Pablo Garcia Sanchez, Pascal Jacquinot, Črt Lenarčič, Matija Lozej and Kostas(Konstantinos) Mavromatis

Volume 76, issue C, 2023

Land and housing: The twin forces of non-balanced growth

Anuradha Saha

Human capital heterogeneity of the unemployed and jobless recoveries

Nic Pusateri

Impact of infectious disease pandemics on individual lifetime consumption: An endogenous time preference approach

Kei Hosoya

Model uncertainty, economic development, and welfare costs of business cycles

Masakatsu Okubo

Taxes and firm investment

Kerim Arin, Kevin Devereux and Mieszko Mazur

Can variable elasticity of substitution explain changes in labor shares?

Alessandro Bellocchi and Giuseppe Travaglini

Patent term extensions and commercialization lags in the pharmaceutical industry: A growth-theoretic analysis

Mei-Ying Hu, You-Xun Lu and Ching-chong Lai

Tax evasion policies and the demand for cash

Edoardo Rainone

Staggered wages, unanticipated shocks and firms’ adjustments

Francesco G. Caloia, Jante Parlevliet and Mauro Mastrogiacomo

This time truly is different: The cyclical behaviour of fiscal policy during the Covid-19 crisis

Philipp Heimberger

Inflation targeting and the composition of public expenditure: Evidence from developing countries

Ablam Estel Apeti, Jean-Louis Combes and Alexandru Minea

Fiscal policy, macroeconomic performance and industry structure in a small open economy

Pål Boug, Thomas von Brasch, Ådne Cappelen, Roger Hammersland, Håvard Hungnes, Dag Kolsrud, Julia Skretting, Birger Strøm and Trond C. Vigtel

Wealth in utility, the Taylor principle and determinacy

Junzhu Zhao