Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

From Elsevier
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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 J. 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

Volume 75, issue C, 2023

Access to infrastructure and women’s time allocation: Implications for growth and gender equality

Pierre-Richard Agénor and Madina Agénor

Does wealth inequality affect the transmission of monetary policy?

Alexander Matusche and Johannes Wacks

Unemployment insurance, recalls, and experience rating

Julien Albertini, Xavier Fairise and Anthony Terriau

Macroeconomic effects of government spending shocks: New narrative evidence from Canada

Syed Hussain and Lin Liu

Yield curve and the macroeconomy: Evidence from a DSGE model with housing

Xiaojin Sun and Kwok Ping Tsang

The pace of fiscal consolidations, fiscal sustainability, and welfare: An overlapping generations approach

Noritaka Maebayashi

Government expenditure and economic growth: A heterogeneous-agents approach

Ryo Arawatari, Takeo Hori and Kazuo Mino

Long-run scarring effects of meltdowns in a small-scale nonlinear quadratic model

Francesco Lucidi and Willi Semmler

Age-specific entrepreneurship and PAYG: Public pensions in Germany

Burkhard Heer and Mark Trede

Policy coordination and the effectiveness of fiscal stimulus

Hyeongwoo Kim, Peng Shao and Shuwei Zhang

Consumer preferences, the demand for Divisia money, and the welfare costs of inflation

Apostolos Serletis and Libo Xu

Measuring the size and dynamics of U.S. state-level shadow economies using a dynamic general equilibrium model with trends

Emily Marshall, James Saunoris, Mario Solis-Garcia and Trang Do

Loss-of-learning and the post-Covid recovery in low-income countries

Edward F. Buffie, Christopher Adam, Luis-Felipe Zanna and Kangni Kpodar

How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg

Julien Pinter and Marc Pourroy

Are monetary policy shocks causal to bank health? Evidence from the euro area

Alexander Jung

Labour market rigidity and expansionary austerity

Andrea Tafuro

Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners

Christopher Biolsi

Inflation targeting and inflation communication of the Federal Reserve: Words and deeds

Florian Hüpper and Bernd Kempa

Monetary and fiscal coordination in preventing bank failures and financial contagion

Khai Zhi Sim

A political economy approach to endogenous industrial policies

Wan-Jung Cheng

Monetary policy, fiscal policy and cross signal jamming

Jeong-Yoo Kim and Hyung Sun Choi

Quantifying the uncertainty of long-term macroeconomic projections

Ufuk Demirel and James Otterson

Automation and the employment elasticity of fiscal policy

Christian H. Ebeke and Kodjovi Eklou

Data deepening and nonbalanced economic growth

Richard Freeman, Buyuan Yang and Baitao Zhang