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 159, issue C, 2026

Automated credit limit increases and consumer welfare

Vitaly M. Bord, Agnes Kovacs and Patrick Moran

Climate change and the macroeconomics of bank capital regulation

Francesco Giovanardi and Matthias Kaldorf

The role of wage expectations in the labor market

Marta García-Rodríguez

Biased expectations and labor market outcomes: Evidence from German survey data and implications for the East–West wage gap

Almut Balleer, Georg Duernecker, Susanne Forstner and Johannes Goensch

Monetary policy in open economies with production networks

Zhesheng Qiu, Yicheng Wang, Le Xu and Francesco Zanetti

Explicit consumption functions with borrowing constraints: A continuous-time approach

Jordan Roulleau-Pasdeloup

Competition and the Phillips curve

Ippei Fujiwara and Kiminori Matsuyama

A traffic-jam theory of growth

Daria Finocchiaro and Philippe Weil

The crowding-in effects of local government debt in China

Xiaoming Li, Zheng Liu, Yuchao Peng and Zhiwei Xu

Comment on: “Artificial Intelligence and Cognitive Inequality”

Karthik A. Sastry

Comment on “Artificial Intelligence and Technological Unemployment” by Wang and Wong

J. Carter Braxton

Comments on “The price of intelligence: How should socially-minded firms price and deploy AI?”

Philip Bond

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

Qiaochu Wang

Labor Market Shocks and Monetary Policy

Serdar Birinci, Fatih Karahan, Yusuf Mercan and Kurt See

Life-cycle worker flows and cross-country differences in aggregate employment

Jonathan Créchet, Etienne Lalé and Linas Tarasonis

Cash or card? A structural model of payment choices

Francesco Lippi and Elia Moracci

Firm idiosyncratic risk and productivity investment: Macroeconomic implications

Galina Vereshchagina

Spread too thin: The impact of lean inventories

Julio L. Ortiz

FraNK: Fragmentation in the NK Model

Alessandro Moro and Valerio Nispi Landi

Volume 158, issue C, 2026

Professional survey forecasts and expectations in DSGE models

Yuliya Rychalovska, Sergey Slobodyan and Raf 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 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