Journal of Monetary Economics

1975 - 2026

Continuation of Carnegie-Rochester Conference Series on Public Policy.

Current editor(s): R. G. King and C. I. Plosser

From Elsevier
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Volume 158, issue C, 2026

Professional survey forecasts and expectations in DSGE models

Yuliya Rychalovska, Sergey Slobodyan and Rafael Wouters

The housing wealth effect: Quasi-experimental evidence

Jesper Böjeryd, Roine Vestman, Björn Tyrefors and Dany Kessel

An endogenous gridpoint method for distributional dynamics

Christian Bayer, Ralph Luetticke, Maximilian Weiss and Yannik Winkelmann

The timing of shocks matters in optimal monetary policy

Toyoichiro Shirota

Motivating banks to lend? Credit spillover effects of the Main Street Lending Program

Camelia Minoiu, Rebecca Zarutskie and Andrei Zlate

The Geography of job creation and job destruction

Moritz Kuhn, Iourii Manovskii and Xincheng Qiu

Heterogeneous innovations and growth under imperfect technology spillovers

Karam Jo and Seula Kim

Financial shocks and leverage of financial institutions: When do they matter?

Kirstin Hubrich, Yves Schüler and Daniel Waggoner

Firm dynamics and random search over the business cycle

Richard Audoly

Wage growth and labor market tightness

Sebastian Heise, Jeremy Pearce and Jacob P. Weber

Distorted prices and targeted taxes in the New Keynesian Network model

Anastasiia Antonova and Gernot J. Müller

Artificial intelligence and technological unemployment

Ping Wang and Tsz-Nga Wong

Central bank reputation with noise

Manuel Amador and Christopher Phelan

Volume 157, issue C, 2026

The natural rate of interest through a hall of mirrors

Phurichai Rungcharoenkitkul and Fabian Winkler

Generating inflation expectations with large language models

Ali Zarifhonarvar

Biased surveys

Luca Gemmi and Rosen Valchev

A theory of fear of floating

Javier Bianchi and Louphou Coulibaly

Dissecting the great retirement boom

Serdar Birinci, Miguel Faria-e-Castro and Kurt See

Soft landing and inflation scares

James Bullard, Alex Grimaud, Isabelle Salle and Gauthier Vermandel

Inequality and asset prices during Sudden Stops

Sergio Villalvazo

Bridging micro and macro production functions: The fiscal multiplier of infrastructure investment

Minsu Chang and Hanbaek Lee

Lender concentration of external debts and sudden stops

Chun-Che Chi

The rise of AI pricing: Trends, driving forces, and implications for firm performance

Jonathan Adams, Min Fang, Zheng Liu and Yajie Wang

The impact of AI on global knowledge work

Enrique Ide and Eduard Talamàs

AI and task efficiency

Boyan Jovanovic and Peter Rousseau

Is it AI or data that drives firm market power?

Roxana Mihet, Kumar Rishabh and Orlando Gomes

Multinational production and global shock propagation during the great recession

Haishi Li

The price of intelligence: How should socially-minded firms price and deploy AI?

Nils H. Lehr and Pascual Restrepo

Expectation-driven term structure of equity and bond yields

Ming Zeng and Guihai Zhao

A choice-based approach to the measurement of inflation expectations

Olga Goldfayn-Frank, Pascal Kieren and Stefan Trautmann

Consumer durables and monetary policy according to HANK

Emil Holst Partsch, Ivan Petrella and Emiliano Santoro

Artificial intelligence and cognitive inequality

Indira Puri and Laura Veldkamp

Volume 156, issue C, 2025

Aggregate demand externality and self-fulfilling default cycles

Jess Benhabib, Feng Dong, Pengfei Wang and Zhenyang Xu

Staggered contracts and unemployment during recessions

Effrosyni Adamopoulou, Luis Díez-Catalán and Ernesto Villanueva

Long-lag VARs

Ferre De Graeve and Andreas Westermark

Ex ante heterogeneity, separations, and labor market dynamics

César Barreto and Christian Merkl

Stock market participation and macro-financial trends

Francesco Saverio Gaudio

The macroeconomic effects of excess savings

Bence Bardóczy, Jae Sim and Andreas Tischbirek

Oil price fluctuations, US banks, and macroprudential policy

Paolo Gelain and Marco Lorusso

Robot adoption and inflation dynamics

Henrique S. Basso and Omar Rachedi

Inflation-stabilizing monetary and fiscal policy rules at and away from the lower bound

Lucas Arden, Sebastian Hauptmeier and Christophe Kamps

Volume 155, issue S, 2025

Cautious expectations

Alexandre N. Kohlhas and Donald Robertson

Behavioral sticky prices

Sergio Rebelo, Miguel Santana and Pedro Teles

Coordinating business cycles

Edouard Schaal and Mathieu Taschereau-Dumouchel

Overconfidence in private information explains biases in professional forecasts

Klaus Adam, Pei Kuang and Shihan Xie

Information frictions in macroeconomics: The legacy of Robert E. Lucas, Jr

Robert M. Townsend

Dispersed information, nominal rigidities and monetary business cycles: A Hayekian perspective

Christian Hellwig and Venky Venkateswaran

Revisiting the forecasts of others

Ryan Chahrour and Kyle Jurado

Volume 155, issue C, 2025

The underemployment trap

Jie Duan and Paul Jackson

Tokenomics: Optimal monetary and fee policies

Urban Jermann and Haotian Xiang

Skilled immigration frictions as a barrier for young firms

Federico Mandelman, Mishita Mehra and Hewei Shen

Bayesian inference in proxy SVARs with incomplete identification: Re-evaluating the validity of monetary policy instruments

Lam Nguyen

Turbulent business cycles

Ding Dong, Zheng Liu and Pengfei Wang

Quantifying the allocative efficiency of capital: The role of capital utilization

Poorya Kabir, Eugene Tan and Ia Vardishvili

Hedge funds and the Treasury cash-futures basis trade

Daniel Barth and Robert Kahn

Optimal monetary policy with uncertain private sector foresight

Christopher Gust, Edward Herbst and David López-Salido