Journal of Monetary Economics

1975 - 2025

Continuation of Carnegie-Rochester Conference Series on Public Policy.

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

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Volume 63, issue C, 2014

Securitization and moral hazard: Evidence from credit score cutoff rules pp. 1-18

Ryan Bubb and Alex Kaufman

Student abilities during the expansion of US education pp. 19-36

Lutz Hendricks and Todd Schoellman

The rising skill premium and deunionization pp. 37-50

Omer Acikgoz and Baris Kaymak

Game-theoretic foundations of monetary equilibrium pp. 51-63

Gabriele Camera and Alessandro Gioffré

Central bank communication design in a Lucas-Phelps economy pp. 64-79

David Myatt and Chris Wallace

New evidence on excess sensitivity of household consumption pp. 80-94

Shawn Ni and Youn Seol

The contribution of rising school quality to U.S. economic growth pp. 95-106

Hye Mi You

Volume 62, issue C, 2014

Financial innovation, the discovery of risk, and the U.S. credit crisis pp. 1-22

Emine Boz and Enrique Mendoza

Changes in bank lending standards and the macroeconomy pp. 23-40

William F. Bassett, Mary Beth Chosak, John Driscoll and Egon Zakrajšek

Cyclical fiscal policy, credit constraints, and industry growth pp. 41-58

Philippe Aghion, David Hemous and Enisse Kharroubi

Monetary policy and the cyclicality of risk pp. 59-75

Christopher Gust and David Lopez-Salido

Cyclicality of credit supply: Firm level evidence pp. 76-93

Bo Becker and Victoria Ivashina

The case for a financial approach to money demand pp. 94-107

Xavier Ragot

Adverse selection and moral hazard: Quantitative implications for unemployment insurance pp. 108-122

David Fuller

Match efficiency and firms' hiring standards pp. 123-133

Petr Sedláček

Volume 61, issue C, 2014

Can structural reforms help Europe? pp. 2-22

Gauti Eggertsson, Andrea Ferrero and Andrea Raffo

Voluntary sovereign debt exchanges pp. 32-50

Juan Carlos Hatchondo, Leonardo Martinez and César Sosa Padilla

Sovereign risk and belief-driven fluctuations in the euro area pp. 53-73

Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot Müller

A real options perspective on the future of the Euro pp. 78-109

Fernando Alvarez and Avinash Dixit

Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects pp. 114-142

Fernando Broner, Aitor Erce, Alberto Martin and Jaume Ventura

Fiscal discriminations in three wars pp. 148-166

George J. Hall and Thomas Sargent

Volume 60, issue 8, 2013

Wage rigidity and job creation pp. 887-899

Christian Haefke, Marcus Sonntag and Thijs van Rens

Precautionary money demand in a business-cycle model pp. 900-916

Irina Telyukova and Ludo Visschers

Housing, mortgage bailout guarantees and the macro economy pp. 917-935

Karsten Jeske, Dirk Krueger and Kurt Mitman

Global liquidity trap pp. 936-949

Ippei Fujiwara, Tomoyuki Nakajima, Nao Sudo and Yuki Teranishi

Monetary policy matters: Evidence from new shocks data pp. 950-966

S. Mahdi Barakchian and Christopher Crowe

Inattentive professional forecasters pp. 967-982

Philippe Andrade and Hervé Le Bihan

Intangible investment and Ramsey capital taxation pp. 983-995

Juan Carlos Conesa and Begoña Domínguez

Volume 60, issue 7, 2013

The demand of liquid assets with uncertain lumpy expenditures pp. 753-770

Fernando Alvarez and Francesco Lippi

Risk, uncertainty and monetary policy pp. 771-788

Geert Bekaert, Marie Hoerova and Marco Lo Duca

Financial constraints, endogenous markups, and self-fulfilling equilibria pp. 789-805

Jess Benhabib and Pengfei Wang

Learning and price volatility in duopoly models of resource depletion pp. 806-820

Martin Ellison and Andrew Scott

Lumpy investment and the monetary transmission mechanism pp. 821-834

Michael Reiter, Tommy Sveen and Lutz Weinke

Why don't Lenders renegotiate more home mortgages? Redefaults, self-cures and securitization pp. 835-853

Manuel Adelino, Kristopher Gerardi and Paul Willen

The equilibrium effect of fundamentals on house prices and rents pp. 854-870

Kamila Sommer, Paul Sullivan and Randal Verbrugge

Downward wage rigidity and business cycle asymmetries pp. 871-886

Mirko Abbritti and Stephan Fahr

Volume 60, issue 6, 2013

Globally correlated nominal fluctuations pp. 613-631

Espen Henriksen, Finn Kydland and Roman Šustek

Self-enforcing stochastic monitoring and the separation of claims pp. 632-649

Harold Cole

How important is intra-household risk sharing for savings and labor supply? pp. 650-666

Salvador Ortigueira and Nawid Siassi

Structural change in an open economy pp. 667-682

Timothy Uy, Kei-Mu Yi and Jing Zhang

Financial frictions on capital allocation: A transmission mechanism of TFP fluctuations pp. 683-703

Kaiji Chen and Zheng Song

‘Wait-and-See’ business cycles? pp. 704-719

Ruediger Bachmann and Christian Bayer

Durable goods, financial frictions, and business cycles in emerging economies pp. 720-736

Fernando Alvarez-Parra, Luis Brandao-Marques and Manuel Toledo

Long run productivity risk and aggregate investment pp. 737-751

Jack Favilukis and Xiaoji Lin

Volume 60, issue 5, 2013

Systemic sovereign credit risk: Lessons from the U.S. and Europe pp. 493-510

Andrew Ang and Francis A. Longstaff

Local deficits and local jobs: Can US states stabilize their own economies? pp. 517-530

Gerald Carlino and Robert P. Inman

The American Recovery and Reinvestment Act: Solely a government jobs program? pp. 535-549

Timothy Conley and Bill Dupor

The impact of unions on municipal elections and urban fiscal policies pp. 554-567

Holger Sieg and Yu Wang

Vertical fiscal imbalances and fiscal performance in advanced economies pp. 571-587

Luc Eyraud and Lusine Lusinyan

Tax-subsidized underpricing: The market for Build America Bonds pp. 593-608

Dario Cestau, Richard C. Green and Norman Schürhoff

Volume 60, issue 4, 2013

Incentive-feasible deflation pp. 383-390

David Andolfatto

An expectations-driven interpretation of the “Great Recession” pp. 391-407

Christopher Gunn and Alok Johri

Information manipulation and rational investment booms and busts pp. 408-425

Praveen Kumar and Nisan Langberg

Liquidity and asset prices: A new monetarist approach pp. 426-438

Ying-Syuan Li and Yiting Li

Monetary policy and regional availability of debt financing pp. 439-458

Massimo Massa and Lei Zhang

Factor-eliminating technical change pp. 459-473

Pietro Peretto and John J. Seater

A sentiment-based explanation of the forward premium puzzle pp. 474-491

Jianfeng Yu

Volume 60, issue 3, 2013

Capital regulation and monetary policy with fragile banks pp. 311-324

Ignazio Angeloni and Ester Faia

Government investment and the stock market pp. 325-339

Frederico Belo and Jianfeng Yu

Identification-robust analysis of DSGE and structural macroeconomic models pp. 340-350

Jean-Marie Dufour, Lynda Khalaf and Maral Kichian

The investment manifesto pp. 351-366

Xiaoji Lin and Lu Zhang

Modernization of agriculture and long-term growth pp. 367-382

Dennis Yang and Xiaodong Zhu

Volume 60, issue 2, 2013

Fraud deterrence in dynamic Mirrleesian economies pp. 139-151

Roc Armenter and Thomas M. Mertens

Online and official price indexes: Measuring Argentina's inflation pp. 152-165

Alberto Cavallo

The great increase in relative wage volatility in the United States pp. 166-183

Julien Champagne and André Kurmann

What explains schooling differences across countries? pp. 184-202

Juan Cordoba and Marla Ripoll

Macroeconomic determinants of stock volatility and volatility premiums pp. 203-220

Valentina Corradi, Walter Distaso and Antonio Mele

Housing and debt over the life cycle and over the business cycle pp. 221-238

Matteo Iacoviello and Marina Pavan

How big (small?) are fiscal multipliers? pp. 239-254

Ethan Ilzetzki, Enrique Mendoza and Carlos Vegh

Is newer better? Penn World Table Revisions and their impact on growth estimates pp. 255-274

Simon Johnson, William Larson, Chris Papageorgiou and Arvind Subramanian

Liquidity and asset-market dynamics pp. 275-294

Guillaume Rocheteau and Randall Wright

Inflation ambiguity and the term structure of U.S. Government bonds pp. 295-309

Maxim Ulrich

Volume 60, issue 1, 2013

Trade wedges, inventories, and international business cycles pp. 1-20

George Alessandria, Joseph Kaboski and Virgiliu Midrigan

Exchange rate pass-through and credit constraints pp. 25-38

Georg Strasser

Capital mobility and international sharing of cyclical risk pp. 42-62

Julien Bengui, Enrique Mendoza and Vincenzo Quadrini

Global implications of national unconventional policies pp. 66-85

Luca Dedola, Peter Karadi and Giovanni Lombardo

Capital flows under moral hazard pp. 92-108

Viktor Tsyrennikov

Gross capital flows: Dynamics and crises pp. 113-133

Fernando Broner, Tatiana Didier, Aitor Erce and Sergio Schmukler