Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

From Elsevier
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Volume 21, issue 4, 1999

Estimating growth equations for previously centrally planned economies: Dealing with dubious data and disparate information pp. 639-671

Edward Leamer and Mark Taylor

Is OECD real per capita GDP trend or difference stationary? Evidence from panel unit root tests pp. 673-689

Adrian R. Fleissig and Jack Strauss

Stochastic growth: Empirical evidence from the G7 countries pp. 691-712

Lucio Sarno

Why are the effects of money-supply shocks asymmetric? Evidence from prices, consumption, and investment pp. 713-727

Georgios Karras and Houston Stokes

Effective central bank independence and the inflation-output trade-off pp. 729-753

Demosthenes Tambakis

Shadow prices and trade restrictions in a monetary economy pp. 755-764

Chi-Chur Chao and Eden Yu

The Mundell proposition with efficient wage-employment bargaining pp. 765-784

Juin-jen Chang, Ching-chong Lai and Wen-Ya Chang

General disequilibrium analysis with inside debt pp. 785-803

Thomas Palley

Volume 21, issue 3, 1999

Formal Training, On-the-Job Training and the Allocation of Time pp. 423-442

Tor Einarsson and Milton Marquis

The Liquidity Effect and the Operating Procedure of the Federal Reserve pp. 443-461

Jon Vilasuso

A Taxation Policy Toward Capital, Technology and Long-Run Growth pp. 463-491

Hwan Lin and Benjamin Russo

Complex Dynamics of the Real Exchange Rate in an Open Macroeconomic Model pp. 493-508

Shikuan Chen

A Model of the Production Lag and Work-in-Process Inventories pp. 509-536

David Bivin

Harrod's Knife-Edge Reconsidered: An Application of the Hopf Bifurcation Theorem and Numerical Simulations pp. 537-562

Hiroyuki Yoshida

Public Infrastructure and Private Productivity: A Stochastic-Frontier Approach pp. 563-576

Charles Delorme, Herbert Thompson and Ronald Warren

A Survey of Alternative Methodologies for Estimating Potential Output and the Output Gap pp. 577-595

Chantal Dupasquier, Alain Guay and Pierre St-Amant

Optimal Revenue Smoothing: The Case of New Zealand pp. 597-617

Alfred Guender and Kirdan Lees

Employment Protection and Aggregate Unemployment pp. 619-630

Nicolaas Groenewold

Volume 21, issue 2, 1999

Precautionary Saving and Economic Growth pp. 219-239

Alvaro Rodriguez

Risk, the Spirit of Capitalism and Growth: The Implications of a Preference for Capital pp. 241-262

William T. Smith

The Dynamic Effects of Aggregate Demand and Supply Disturbances in the G7 Countries pp. 263-278

John Keating and John Nye

Will the Fed Ever Learn? pp. 279-292

Kenneth Kasa

Purchasing Power Parity in High-Inflation Eastern European Countries: Evidence from Fractional and Harris-Inder Cointegration Tests pp. 293-308

Taufiq Choudhry

Social Security as an Economic Stabilization Program pp. 309-333

D. Andrew Austin

The Demand for Taxable and Tax-Exempt Money Market Mutual Funds pp. 335-353

Joseph A. Farinella and Timothy W. Koch

Output Effects of Infrastructure Investment in the Netherlands, 1853-1913 pp. 355-380

Jan-Egbert Sturm, Jan Jacobs and Peter Groote

The Asymmetric Response of Domestic Prices to Changes in Import Prices: A Cointegration Test of the Rachet Effect pp. 381-396

Hassan Shirvani and Barry Wilbratte

Demographic Transition, Stagnation, and Demoeconomic Cycles in a Model for the Less Developed Economy pp. 397-413

Holger Strulik

Volume 21, issue 1, 1999

Estimated Inflation Costs Had European Unemployment Been Reduced in the 1980s by Macro Policies pp. 1-28

Ray Fair

Dynamic Fiscal Policy with Regime-Duration Uncertainty: The Tax-Cut Case pp. 29-55

Erick Elder

The Timing and Intensity of Investment pp. 57-77

Avner Bar-ilan and William Strange

Does Seasonality Influence the Dating of Business Cycle Turning Points? pp. 79-92

Philip Hans Franses and Richard Paap

Government Consumption and Private Investment in Closed and Open Economies pp. 93-106

Frank Barry

Economic Growth in the Perpetual-Youth Model: Implications of the Annuity Market and Demographics pp. 107-124

Sheng-Cheng Hu

Cyclical Risk, Sectoral Allocations and Growth pp. 125-134

Fabrice Collard and Harris Dellas

International Sectoral Spillovers: An Empirical Analysis for German and U.S. Industries pp. 135-154

Werner Smolny

Testing the Long-Run Implications of the Neoclassical Stochastic Growth Model: A Panel-Based Unit Root Investigation for West German Lander, 1970-1994 pp. 155-164

Martin T. Bohl

An Analysis of the Effectiveness of Policy Based on Basins of Attraction pp. 165-178

A. S. Soliman

An Evaluation of Federal Reserve Forecasting: Comment pp. 179-187

Fred Joutz and Herman Stekler

An Evaluation of Federal Reserve Forecasting: Reply pp. 189-203

Dennis Jansen and Ruby P. Kishan

Volume 20, issue 4, 1998

Customer Flows, Countercyclical Markups, and the Output Effects of Technology Shocks pp. 649-664

Peter Ireland

Conversion to a Consumption Tax in a Growth Model with Heterogeneity pp. 665-680

Laurence Seidman and Kenneth Lewis

Information-Based Bank Runs in a Monetary Economy pp. 681-702

Michael Loewy

Exchange Risk and the Supply-Side Effects of Real Interest Rate Changes pp. 703-720

John Paschakis and John Smithin

Testing for Credit Rationing: An Application of Disequilibrium Econometrics pp. 721-739

Stephen Perez

The Monetary Approach to the Exchange Rate: Long-Run Relationships, Identification and Temporal Stability pp. 741-766

Panayiotis F. Diamandis, Dimitris Georgoutsos and Georgios Kouretas

Inflation, Expectations, and Output: Lucas's Islands Revisited pp. 767-783

Ron Michener

Supply-Side Asymmetry and the Non-Neutrality of Demand Fluctuations pp. 785-809

Magda Kandil

The Relation between Contract Duration and Inflation Uncertainty: Further Evidence pp. 811-819

Bryce Kanago

The Decline of a Paradigm: The Quantity Theory and Recovery in the 1930s pp. 821-841

Frank G. Steindl

Active Monetary Policy and Instability in a Phillips Curve System pp. 843-856

Juan D. Montoro, Jose V. Paz and Miguel Roig

Volume 20, issue 3, 1998

Identifying the Effects of Money Supply Shocks on Industry-Level Output pp. 431-449

Clifton Mark Loo and William Lastrapes

Evaluating McCallum's Rule When Monetary Policy Matters pp. 451-485

Tom Stark and Dean Croushore

Evaluating Tax Reforms in a Monetary Economy pp. 487-508

Jean-Francois Wen and David Love

Capital Accumulation and Taxation in a General Equilibrium Model with Risky Human Capital pp. 509-531

William Lord and Peter Rangazas

Money Demand During Hyperinflation: Cointegration, Rational Expectations, and the Importance of Money Demand Shocks pp. 533-552

Tom Engsted

Economic Impacts on the Money Supply Process pp. 553-577

Jean Gauger

The Rise of Goods-Market Competition and the Decline in Wage Indexation: A Macroeconomic Approach pp. 579-598

John Duca and David VanHoose

The Wage Bargaining Structure and the Inflationary Bias pp. 599-614

Alvaro Forteza

Monopolistic Competition, Trading Externality, and the Multiplier pp. 615-624

Kee-Nam Cheung

Okun's Law, Cointegration and Gap Variables pp. 625-637

Clifford L. F. Attfield and Brian Silverstone

Volume 20, issue 2, 1998

Real Interest Rates, Liquidity Constraints and Financial Deregulation: Private Consumption Behavior in the U.K pp. 221-242

Lucio Sarno and Mark Taylor

Monetary Policy Games and International Migration of Labor in Interdependent Economies pp. 243-266

George Agiomirgianakis

Money Demand and Nominal Debt: An Equilibrium Model of the Liquidity Effect pp. 267-293

Scott Sumner, O Gulley and Ross Newman

On the Optimal Seigniorage Hypothesis pp. 295-308

Robert Amano

The Aggregate Existence of Precautionary Saving: Time-Series Evidence from Expenditures on Nondurable and Durable Goods pp. 309-323

Bradley K. Wilson

The Transmission of Interest Rate Changes and the Role of Bank Balance Sheets: A VAR-Analysis for the Netherlands pp. 325-339

Harry Garretsen and Job Swank

External Debt and Ponzi-Games in a Small Open Economy with Endogenous Growth pp. 341-349

Rikard Forslid

Exchange Rate Volatility: Does Politics Matter? pp. 351-365

Bento Lobo and David Tufte

Partisan Policies, Macroeconomic Performance and Political Support pp. 367-386

Otto Swank

Partisan Profiles in Presidential Policies: Methodological Issues and Empirical Evidence Reconsidered pp. 387-395

Alfred Maussner and Markus Kueppers

Canadian Evidence on Long-Run Neutrality Propositions pp. 397-411

Zisimos Koustas

Savings in the Uzawa-Lucas Model of Economic Growth pp. 413-422

Joan O'Connell

Volume 20, issue 1, 1998

Wage Contracts, Capital Mobility, and Macroeconomic Policy pp. 1-26

Pierre-Richard Agénor

Multiple Equilibria and Rules of Thumb pp. 27-54

Christopher J. Ellis

Was Monetary Policy Impotent or Simply Contracyclical in the 1980s? pp. 55-80

J. Ernest Tanner and Donn Pescatrice

Growth, Welfare, and Trade in an Integrated Model of Human-Capital Accumulation and Research pp. 81-105

Lutz Arnold

Inflation and Risky Investment in an Economy with Asymmetric Information and Monopolistic Loans Markets pp. 107-132

Nivedita Mukherji

Central Bank Independence and Financing Government Spending pp. 133-151

Hakan Berument

Predicting Tax Rate Changes: Insights from the Permanent Income Hypothesis pp. 153-167

Michael Kiley

An Analysis of Time-Series Estimates of Capacity Utilization pp. 169-187

James E. Kennedy

Wage Indexation and Government Intervention under Perfect Information pp. 189-197

Phillip Lawler

The General Relation between Two Different Notions of Direct and Indirect Input Requirements pp. 199-208

Ho Un Gim and Koonchan Kim