Journal of Macroeconomics

1979 - 2025

Current editor(s): Douglas McMillin and Theodore Palivos

From Elsevier
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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

Volume 66, issue C, 2020

The welfare implications of exchange rate choices in developing agricultural economies

Tara Iyer

Learning, parameter variability, and swings in US macroeconomic dynamics

Idoia Aguirre and Jesús Vázquez

The tale of two international phenomena: Migration and global imbalances

Dramane Coulibaly, Blaise Gnimassoun and Valérie Mignon

Variable mismeasurement in a class of DSGE models: Comment

Ray C. Fair

Search, shirking and labor market volatility

Christopher Martin and Bingsong Wang

Financial globalization and its consequences for productive government expenditure

Iñaki Erauskin and Stephen J Turnovsky

Striking a balance: Optimal tax policy with labor market duality

Gilbert Mbara, Joanna Tyrowicz and Ryszard Kokoszczyński

Gender differences in the volatility of work hours and labor demand

Amy Guisinger

Capital-skill complementarity and biased technical change across US sectors

Alejandro Perez-Laborda and Fidel Perez-Sebastian

Can learning explain boom-bust cycles in asset prices? An application to the US housing boom

Colin Caines

The rise of part-time employment in the great recession: Its causes and macroeconomic effects

Hyunju Kang, Jaevin Park and Hyunduk Suh

Forecasting recessions: the importance of the financial cycle

Claudio Borio, Mathias Drehmann and Fan Dora Xia

Inflation, oil price volatility and monetary policy

Paul Castillo, Carlos Montoro and Vicente Tuesta

The heterogeneity among commodity-rich economies: Beyond the prices of commodities

Haytem Troug

Medical innovation and its diffusion: Implications for economic performance and welfare

Ivan Frankovic, Michael Kuhn and Stefan Wrzaczek

Volume 65, issue C, 2020

The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?

Sebastian Acevedo, Mico Mrkaic, Natalija Novta, Evgenia Pugacheva and Petia Topalova

Social Security Contributions and the Business Cycle

Anna Almosova, Michael Burda and Simon Voigts

Adding space to the international business cycle

Luis Servén and Girum Dagnachew Abate

Asset Bubbles, Unemployment, and a Financial Crisis

Ken-ichi Hashimoto, Ryonghun Im and Takuma Kunieda

The influence of learning and price-level targeting on central bank forward guidance

Stephen Cole

Can fiscal rules improve financial market access for developing countries?

Pegdewende Sawadogo

Sectoral inflation persistence and optimal monetary policy

Daisuke Ida

Inflation-output trade-off: Old measures, new determinants?

Georgios Magkonis and Kalliopi-Maria Zekente

Estimating the marginal propensity to consume using the distributions of income, consumption, and wealth

Jonathan Fisher, David S. Johnson, Timothy M. Smeeding and Jeffrey Thompson

Unconventional monetary policy in the Euro Area: Shadow rate and light effets

Salima Ouerk, Christophe Boucher and Catherine Lubochinsky

Capital controls and welfare with cross-border bank capital flows

Pierre-Richard Agénor and Pengfei Jia

Credit policy and asset price bubbles

Petre Caraiani, Marc-André Luik and Dennis Wesselbaum

To lockdown? When to peak? Will there be an end? A macroeconomic analysis on COVID-19 epidemic in the United States

Wung Lik Ng

The credibility of commitment and optimal nonlinear savings taxation

Yunmin Chen, Jang-Ting Guo and Alan Krause

Manufacturing consumption, relative prices, and productivity

Margarida Duarte

Inequality-growth nexus under progressive income taxation

Shu-Hua Chen

Price-setting and economic slack: Evidence from firm-level survey data

Erik Frohm

Income Taxation Rules and Stability of a Small Open Economy

Been-Lon Chen, Yunfang Hu and Kazuo Mino

Effects of U.S. Banking Deregulation on Unemployment Dynamics

Bulent Unel

Fiscal policy uncertainty and the business cycle: Time series evidence from Italy

Alessio Anzuini, Luca Rossi and Pietro Tommasino

How economic crises damage potential output – Evidence from the Great Recession

Jonas Dovern and Christopher Zuber