Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

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Volume 44, issue C, 2015

A regime-switching Nelson–Siegel term structure model of the macroeconomy pp. 1-17

Xiaoneng Zhu and Shahidur Rahman

The international policy trilemma in the post-Bretton Woods era pp. 18-32

Alex (Alexandros) Mandilaras

Estimating DSGE models across time and frequency pp. 33-49

Petre Caraiani

Currency invoicing and state-dependent pricing pp. 50-59

Hyunju Kang

The impact of monetary policy on financial markets in small open economies: More or less effective during the global financial crisis? pp. 60-70

Steven Pennings, Arief Ramayandi and Hsiao Chink Tang

Trend-cycle decomposition allowing for multiple smooth structural changes in the trend of US real GDP pp. 71-81

Walter Enders and Jing Li

Great moderation or “Will o’ the Wisp”? A time–frequency decomposition of GDP for the US and UK pp. 82-97

Patrick Crowley and Andrew Hughes Hallett

Why are aggregate equity payouts pro-cyclical? pp. 98-108

Winifred Huang, Mark C. Freeman and Khelifa Mazouz

Financial development, exchange rate regimes and productivity growth: Theory and evidence pp. 109-123

Dessislava Slavtcheva

Robustness to model uncertainty and the nominal term premium puzzle pp. 124-137

Yuan Xu

Do technology shocks lower hours worked? – Evidence from Japanese industry level data pp. 138-157

Jun-Hyung Ko and Hyeog Ug Kwon

Reserve requirements as a macroprudential instrument – Empirical evidence from Brazil pp. 158-176

Christian Glocker and Pascal Towbin

An adjustment cost model of social mobility pp. 177-190

Parantap Basu and Yoseph Getachew

Household leverage, housing markets, and macroeconomic fluctuations pp. 191-207

Phuong Ngo

Tax tilting and politics: Some theory and evidence for Latin America pp. 208-218

Roberto Pasten and James Cover

Accounting for breakout in Britain: The industrial revolution through a Malthusian lens pp. 219-233

Alexander Tepper and Karol Borowiecki

Monetary policy, endogenous transactions, and financial market segmentation pp. 234-251

Hyung Sun Choi

Innovation, public capital, and growth pp. 252-275

Pierre-Richard Agénor and Kyriakos Neanidis

Unpleasant debt dynamics: Can fiscal consolidations raise debt ratios? pp. 276-294

Gabriela Castro, Ricardo Félix, Paulo Júlio and José Maria

Duration of bankruptcy proceedings and monetary policy effectiveness pp. 295-302

Uluc Aysun

Fiscal multipliers in good times and bad times pp. 303-311

Kerim Arin, Faik Koray and Nicola Spagnolo

Entry costs and the dynamics of business formation pp. 312-326

Lilia Cavallari

Child allowances, educational subsidies and occupational choice pp. 327-342

Hung-Ju Chen

Volume 43, issue C, 2015

Identifying banking crises using money market pressure: New evidence for a large set of countries pp. 1-20

Zhongbo Jing, Jakob de Haan, Jan Jacobs and Haizhen Yang

The role of the exchange rate regime in the process of real and nominal convergence pp. 21-37

D’Adamo, Gaetano and Riccardo Rovelli

Asymmetric tax multipliers pp. 38-48

Paul M. Jones, Eric Olson and Mark Wohar

State-dependent effects of fiscal policy in Japan: Do rule-of-thumb households increase the effects of fiscal policy? pp. 49-61

Hiroshi Morita

The response of capital goods shipments to demand over the business cycle pp. 62-80

Jeremy Nalewaik and Eugénio Pinto

Modelling internal devaluation experiences in Europe: Rational or learning agents? pp. 81-92

Elena Angelini, Alistair Dieppe and B. Pierluigi

The contractionary effects of tax shocks on productivity: An empirical and theoretical analysis pp. 93-107

Syed Hussain

Measurement of fiscal rules: Introducing the application of partially ordered set (POSET) theory pp. 108-123

Harald Badinger and Wolf Heinrich Reuter

Proximity and growth spillovers in European regions: The role of geographical, economic and technological linkages pp. 124-139

Nikos Benos, Stelios Karagiannis and Sotiris Karkalakos

How flexible are real wages in EU countries? A panel investigation pp. 140-154

Desislava Rusinova, Vilen Lipatov and Frigyes Ferdinand Heinz

Gender equality and economic growth in Brazil: A long-run analysis pp. 155-172

Pierre-Richard Agénor and Otaviano Canuto

Does the Greenspan era provide evidence on leadership in the FOMC? pp. 173-190

Makram El-Shagi and Alexander Jung

Macro frictions and theoretical identification of the New Keynesian Phillips curve pp. 191-204

Tord S. Krogh

Time variation in U.S. monetary policy and credit spreads pp. 205-215

Yu-Fan Huang

Optimal income taxation in models with endogenous fertility pp. 216-225

Alberto Petrucci

Public debt, economic growth and nonlinear effects: Myth or reality? pp. 226–238

Balázs Égert

Distribution of human capital and income: An empirical study on Indian States pp. 239-256

Véronique Gille

Has the Fed improved U.S. economic performance? pp. 257-266

Thomas Hogan

Fiscal stimuli in the form of job creation subsidies pp. 267-284

Chun-Hung Kuo and Hiroaki Miyamoto

The importance of firing costs and the Hosios condition in search models with endogenous job destruction pp. 285-299

Omar AlShehabi

Effects of labor taxes and unemployment compensation on labor supply in a search model with an endogenous labor force pp. 300-317

Been-Lon Chen and Chih-Fang Lai

Does tax policy affect credit spreads? Evidence from the US and UK pp. 318-329

Kan Ji and Zongxin Qian

Volume 42, issue C, 2014

Manufacturing exports and growth: When is a developing country ready to transition from primary exports to manufacturing exports? pp. 1-13

Brandon Sheridan

Public capital, deficit financing, and economic growth in a stochastic economy pp. 14-26

Toshiki Tamai

Rational Partisan Theory with fiscal policy and an independent central bank pp. 27-37

Montserrat Ferré and Carolina Manzano

Was the European sovereign crisis self-fulfilling? Empirical evidence about the drivers of market sentiments pp. 38-51

Catherine Bruneau, Anne-Laure Delatte and Julien Fouquau

Back to the basics: Revisiting the development accounting methodology pp. 52-68

Brad Sturgill

Hits and runs: Determinants of the cross-country variation in the severity of impact from the 2008–09 financial crisis pp. 69-90

Shane Dwyer and Chih Ming Tan

Housing market volatility in the OECD area: Evidence from VAR based return decompositions pp. 91-103

Tom Engsted and Thomas Pedersen

Optimal time-consistent fiscal policy in an endogenous growth economy with public consumption and capital pp. 104-117

Alfonso Novales, Rafaela Perez and Jesus Ruiz

Explaining US employment growth after the great recession: The role of output–employment non-linearities pp. 118-129

Menzie Chinn, Laurent Ferrara and Valérie Mignon

Reassessing Edgeworth’s conjecture when population dynamics is stochastic pp. 130-140

Simone Marsiglio

One money, one cycle? The EMU experience pp. 141-155

Martin Gächter and Aleksandra Riedl

Effects of Eurobonds: A stochastic sovereign debt sustainability analysis for Portugal, Ireland and Greece pp. 156-173

J. Tielens, Bas van Aarle and Jan Van Hove

Progressive taxation and macroeconomic (in)stability with utility-generating government spending pp. 174-183

Shu-Hua Chen and Jang-Ting Guo

A set of estimated fiscal rules for a cross-section of countries: Stabilization and consolidation through which instruments? pp. 184-198

Claire Reicher

Debt, seigniorage, and the Growth Laffer Curve in developing countries pp. 199-210

Helene Ehrhart, Alexandru Minea and Patrick Villieu

The cost of capital, asset prices, and the effects of monetary policy pp. 211-228

Edgar A. Ghossoub and Robert R. Reed

Trading frictions and consumption-output comovement pp. 229-240

Yan Zhao, Shen Guo and Xingfei Liu

Weak-form and strong-form purchasing power parity between the US and Mexico: A panel cointegration investigation pp. 241-262

Raymond Robertson, Anil Kumar and Donald Dutkowsky

The politics of growth: Can lobbying raise growth and welfare? pp. 263-280

Paulo Júlio

Systematic cyclicality of systemic bubbles: Evidence from the U.S. commercial banking system pp. 281-297

Myeong Hyeon Kim and Baeho Kim

A generalized empirical model of corruption, foreign direct investment, and growth pp. 298-316

Michael S. Delgado, Nadine McCloud and Subal Kumbhakar