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

From Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 143, issue C, 2024

The sentimental propagation of lottery winnings: Evidence from the Spanish Christmas lottery

Morteza Ghomi, Isabel Micó-Millán and Evi Pappa

How does the fed affect corporate credit costs? Default risk, creditor segmentation and the post-FOMC drift

Stefan Walz

Asymmetric information and misaligned inflation expectations

Zhao Han

Does risk matter more in recessions than in expansions? Implications for monetary policy

Martin M. Andreasen, Giovanni Caggiano, Efrem Castelnuovo and Giovanni Pellegrino

Rational overoptimism and limited liability

Luca Gemmi

Make-up strategies with finite planning horizons but infinitely forward-looking asset prices

Stéphane Dupraz, Hervé Le Bihan and Julien Matheron

Consumer demand and credit supply as barriers to growth for Black-owned startups

Eugene Tan and Teegawende Zeida

Cyclicality of uncertainty and disagreement

Osnat Zohar

Volume 142, issue C, 2024

Why do rational investors like variance at the peak of a crisis? A learning-based explanation

Mohammad Ghaderi, Mete Kilic and Sang Byung Seo

Marginal tax rates and income in the long run: Evidence from a structural estimation

Patrick Macnamara, Myroslav Pidkuyko and Raffaele Rossi

More than words: Fed Chairs’ communication during congressional testimonies

Michelle Alexopoulos, Xinfen Han, Oleksiy Kryvtsov and Xu Zhang

The chronology of Brexit and UK monetary policy

Martin Geiger and Jochen Güntner

Haste makes waste? Quantity-based subsidies under heterogeneous innovations

Linyi Cao, Helu Jiang, Guangwei Li and Lijun Zhu

Optimal monetary policy with r∗<0

Roberto Billi, Jordi Galí and Anton Nakov

Credit constraints and firms’ decisions: Lessons from the COVID-19 outbreak

Pierluigi Balduzzi, Emanuele Brancati, Marco Brianti and Fabio Schiantarelli

The emergence of procyclical fertility: The role of breadwinner women

Sena Coskun and Husnu Dalgic

Volume 141, issue C, 2024

Critique and consequence pp. 2-13

Thomas Sargent

Fencing off Silicon Valley: Cross-border venture capital and technology spillovers pp. 14-39

Ufuk Akcigit, Sina T. Ates, Josh Lerner, Richard R. Townsend and Yulia Zhestkova

Fencing off silicon valley: Cross-border venture capital and technology spillovers pp. 40-41

Samuel Kortum

Trade wars and industrial policy competitions: Understanding the US-China economic conflicts pp. 42-58

Jiandong Ju, Hong Ma, Zi Wang and Xiaodong Zhu

Comment on trade wars and industrial policy competitions: understanding the U.S.-China economic conflicts pp. 59-61

Fernando Parro

On wars, sanctions, and sovereign default pp. 62-70

Javier Bianchi and César Sosa-Padilla

Comment on “On Wars, Sanctions, and Sovereign Default” by Javier Bianchi and César Sosa-Padilla pp. 71-73

Gabriel Mihalache

Optimal taxation of multinational enterprises: A Ramsey approach pp. 74-97

Sebastian Dyrda, Guangbin Hong and Joseph Steinberg

Comment on: “Optimal Taxation of Multinational Enterprises: A Ramsey Approach”, by Sebastian Dyrda, Guangbin Hong, and Joseph B. Steinberg pp. 98-100

Ana Maria Santacreu

International tax competition with rising intangible capital and financial globalization pp. 101-120

Vincenzo Quadrini and José-Víctor Ríos-Rull

Comment on: “International tax competition with rising intangible capital and financial globalization” by Vincenzo Quadrini and José-Victor Ríos-Rull pp. 121-126

Fabrizio Perri

The international spillovers of synchronous monetary tightening pp. 127-152

Dario Caldara, Francesco Ferrante, Matteo Iacoviello, Andrea Prestipino and Albert Queralto

Comment on: “The International Spillovers of Synchronous Monetary Tightening” by Dario Caldara, Francesco Ferrante, Matteo Iacoviello, Andrea Prestipino, and Albert Queralto pp. 153-156

Giancarlo Corsetti

Is a fiscal union optimal for a monetary union? pp. 157-177

Rafael Berriel, Eugenia Gonzalez-Aguado, Patrick Kehoe and Elena Pastorino

Volume 140, issue S, 2023

Price setting on the two sides of the Atlantic - Evidence from supermarket scanner data pp. S1-S17

Peter Karadi, Juergen Amann, Javier Sánchez Bachiller, Pascal Seiler and Jesse Wursten

The scars of supply shocks: Implications for monetary policy pp. S18-S36

Luca Fornaro and Martin Wolf

Monetary policy & anchored expectations—An endogenous gain learning model pp. S37-S47

Laura Gáti

Endogenous uncertainty and the macroeconomic impact of shocks to inflation expectations pp. S48-S63

Guido Ascari, Stefano Fasani, Jakob Grazzini and Lorenza Rossi

The inflationary effects of sectoral reallocation pp. S64-S81

Francesco Ferrante, Sebastian Graves and Matteo Iacoviello

Undisclosed material inflation risk pp. S82-S100

Yaniv Konchitchki and Jin Xie

Understanding post-COVID inflation dynamics pp. S101-S118

Martin Harding, Jesper Lindé and Mathias Trabandt

Volume 140, issue C, 2023

Consumption heterogeneity and monetary policy in an open economy pp. 1-15

Sihao Chen, Michael Devereux, Kang Shi and Juanyi Xu

The effectiveness of a negative interest rate policy pp. 16-33

Marco Onofri, Gert Peersman and Frank Smets

Health versus wealth: On the distributional effects of controlling a pandemic pp. 34-59

Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Víctor Ríos-Rull

Uncertainty, imperfect information, and expectation formation over the firm’s life cycle pp. 60-77

Cheng Chen, Tatsuro Senga, Chang Sun and Hongyong Zhang

Long-lived employment effects of delays in emergency financing for small businesses pp. 78-91

Cynthia Doniger and Benjamin Kay

The economic effects of firm-level uncertainty: Evidence using subjective expectations pp. 92-105

Giuseppe Fiori and Filippo Scoccianti

The long-run redistributive effects of monetary policy pp. 106-123

Christian Bustamante

Identifying sectoral shocks and their role in business cycles pp. 124-141

Ferre De Graeve and Jan David Schneider

Volume 139, issue C, 2023

The real effects of monetary shocks: Evidence from micro pricing moments pp. 1-20

Gee Hee Hong, Matthew Klepacz, Ernesto Pasten and Raphael Schoenle

Financial heterogeneity and monetary union pp. 21-40

Simon Gilchrist, Raphael Schoenle, Jae Sim and Egon Zakrajšek

Heterogeneous beliefs and the Phillips curve pp. 41-54

Roland Meeks and Francesca Monti

The macroeconomic announcement premium and information environment pp. 55-73

Chu Zhang and Shen Zhao

Financial crises and shadow banks: A quantitative analysis pp. 74-92

Matthias Rottner

Subsidizing startups under imperfect information pp. 93-109

Davide Melcangi and Javier Turen

Let's face it: Quantifying the impact of nonverbal communication in FOMC press conferences pp. 110-126

Filippo Curti and Sophia Kazinnik

A model of retail banking and the deposits channel of monetary policy pp. 127-147

Michael Choi and Guillaume Rocheteau