Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

From Elsevier
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Volume 70, issue C, 2021

Fed and ECB monetary policy spillovers to Emerging Market Economies

Małgorzata Walerych and Grzegorz Wesołowski

Forward inflation expectations: Evidence from inflation caps and floors

Karsten O. Chipeniuk and Todd Walker

Business cycle fluctuations in Taiwan — A Bayesian DSGE analysis

Yi Chun Lin

(In)Effective tax enforcement and demand for cash

Arturo Antón-Sarabia, Fausto Hernandez-Trillo and Daniel Ventosa-Santaulària

Gender discrimination, inflation, and the business cycle

Ulrike Neyer and Daniel Stempel

Financial distress and fiscal inflation

Bing Li, Pei Pei and Fei Tan

Monetary policy and credit flows

Timothy Bianco

Imperfect credibility, sticky wages, and welfare

Ricardo Nunes, Donghyun Park and Luca Rondina

Optimal monetary–fiscal policy in the euro area liquidity crisis

Pasquale Filiani

Monetary policy strategies in the New Normal: A model-based analysis for the euro area

Fabio Busetti, Stefano Neri, Alessandro Notarpietro and Massimiliano Pisani

Migration, community networks and welfare in neoclassical growth models

Carmelo Parello and Bright Isaac Ikhenaode

Pre- and Post-Global Financial Crisis Policy Multipliers#

Sam Ouliaris and Celine Rochon

Behind rising inequality and falling growth

Jangyoun Lee

News-driven international credit cycles

Galip Ozhan

Political booms and currency crises

Can Sever

Asymmetric monetary policy rules for the euro area and the US

Junior Maih, Falk Mazelis, Roberto Motto and Annukka Ristiniemi

On the marginal excess burden of taxation in an overlapping generations model

Chung Tran and Sebastian Wende

Volume 69, issue C, 2021

Generational conflict and education politics: Implications for growth and welfare

Yuki Uchida and Tetsuo Ono

Offshoring, computerization, labor market polarization and top income inequality

Laurent Cavenaile

“When it rains, it pours”: Fiscal policy, credit constraints and business cycles in emerging and developed economies

Krastina Dzhambova

Labor productivity forecasts based on a Beveridge–Nelson filter: Is there statistical evidence for a slowdown?

Christopher Biolsi

Shifting from pay-as-you-go to individual retirement accounts: A path to a sustainable pension system

Hsuan-Chih Lin, Atsuko Tanaka and Po-Shyan Wu

The shape of recovery: Implications of past experience for the duration of the COVID-19 recession

Barry Eichengreen, Donghyun Park and Kwanho Shin

Asymmetric effects of uncertainty shocks: Normal times and financial disruptions are different

Valeriu Nalban and Andra Smădu

Bank lending and interest on excess reserves: An empirical investigation

Thomas Hogan

Transportation capital and its effects on the U.S. economy: A general equilibrium approach

Trevor S. Gallen and Clifford Winston

Business cycle in an oligopolistic economy with entry and exit

Marco Mazzoli and Simone Lombardini

On the welfare implications of nominal GDP targeting

Huiying Chen

Temporal disaggregation of business dynamics: New evidence for U.S. economy

Lorenza Rossi and Emilio Zanetti Chini

Optimal Loan Loss Provisions and Welfare

William J. Tayler and Roy Zilberman

Cryptocurrencies and Cagan’s model of hyperinflation

Urban Jermann

The impact of artificial intelligence on economic growth and welfare

Chia-Hui Lu

Uncertainty shocks, precautionary pricing, and optimal monetary policy

Daeha Cho, Yoonshin Han, Joonseok Oh and Anna Rogantini Picco

Time-varying uncertainty and variance risk premium

Xinfeng Ruan and Jin E. Zhang

Unconditionally optimal Ramsey policy

Tatiana Damjanovic, Vladislav Damjanovic and Charles Nolan

Volume 68, issue C, 2021

The macroeconomic costs of conflict

Natalija Novta and Evgenia Pugacheva

How does population aging affect the effectiveness of fiscal stimulus over the business cycle?

Jiro Honda and Hiroaki Miyamoto

Labor productivity and technology heterogeneity

Barnabé Walheer

Policy Rules and Economic Performance

Alex Nikolsko-Rzhevskyy, David Papell and Ruxandra Prodan

What is on the ECB’s mind? Monetary policy before and after the global financial crisis

Jonas Gross and Johannes Zahner

Revisiting the process of aggregate growth recovery after a capital destruction

Jaime Alonso-Carrera, Stéphane Bouché and Carlos de Miguel

Dispersed consumption versus compressed output: Assessing the sectoral effects of a pandemic

Saman Darougheh

Currency returns and downside risk: Debt, volatility, and the gap from benchmark values

Nevin Cavusoglu, Michael D. Goldberg and Josh Stillwagon

Macroeconomic uncertainty shocks and households’ consumption choice

Eun-Young Nam, Kiryoung Lee and Yoontae Jeon

Heterogeneous expectations, indeterminacy, and postwar US business cycles

Francisco Ilabaca and Fabio Milani

The case against eliminating large denomination bills

Joshua Hendrickson and Jaevin Park

Real estate and relative risk aversion with generalized recursive preferences

Sungjun Huh and Insu Kim

Stabilizing Taylor rules and determinacy under unit root supply shocks: A re-examination

Marco Sorge

Central bank independence, fiscal deficits and currency union: Lessons from Africa

Christine Strong and Constant Yayi

Volume 67, issue C, 2021

The Cost of Foreign Exchange Intervention: Concepts and Measurement

Gustavo Adler and Rui Mano

Productivity propagation with networks transformation

Satoshi Nakano and Kazuhiko Nishimura

Sovereign Risk, Public Investment and the Fiscal Policy Stance

Antonio Cusato Novelli and Giancarlo Barcia

Revisiting the inflation perception conundrum

Kim Abildgren and Andreas Kuchler

The link between the federal funds rate and banking system distress: An empirical investigation

Mustafa Akcay and Elyas Elyasiani

The role of macroeconomic and policy uncertainty in density forecast dispersion

You Li and Anthony Tay

Long-term implications of oil discoveries for international saving in a DSGE model

Alexey Yukhov

Financial market effects of FOMC projections

Cody Couture

The Impact of Aging and Automation on the Macroeconomy and Inequality

Nikolai Stähler

Improving estimates of job matching efficiency with different measures of unemployment

Andrew Crawley, Sarah Welch and Julieta Yung

Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance

Rashad Ahmed, Joshua Aizenman and Yothin Jinjarak

Unconventional monetary policy announcements and information shocks in the U.S

Max Breitenlechner, Daniel Gründler and Johann Scharler

American business cycles 1889–1913: An accounting approach

Dou Jiang and Mark Weder