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 ().

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 52, issue 8, 2005

Optimal fiscal policy under multiple equilibria pp. 1359-1377

Huberto Ennis and Todd Keister

Is the technology-driven real business cycle hypothesis dead? Shocks and aggregate fluctuations revisited pp. 1379-1399

Neville Francis and Valerie Ramey

The role of money in two alternative models: When is the Friedman rule optimal, and why? pp. 1401-1433

Joydeep Bhattacharya, Joseph Haslag and Steven Russell

Inflation targeting: What inflation rate to target? pp. 1435-1462

Kevin X.D. Huang and Zheng Liu

Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal? pp. 1463-1495

Jinill Kim and Dale W. Henderson

Risk preferences in multi-period consumption models, the equity premium puzzle, and habit formation utility pp. 1497-1515

Donald J. Meyer and Jack Meyer

Big elephants in small ponds: Do large traders make financial markets more aggressive? pp. 1517-1531

Christina Bannier

Understanding the inventory cycle pp. 1533-1555

Yi Wen

Quantifying tax effects under policy foresight pp. 1557-1568

Shu-Chun Yang

Are there economies of scale in the demand for money by firms? Some panel data estimates pp. 1569-1589

Olympia Bover and Nadine Watson

Volume 52, issue 7, 2005

Politics and economics in weak and strong states pp. 1199-1226

Daron Acemoglu

Corruption, inequality, and fairness pp. 1227-1244

Alberto Alesina and George-Marios Angeletos

IMF programs: Who is chosen and what are the effects? pp. 1245-1269

Robert Barro and Jong-Wha Lee

Political budget cycles in new versus established democracies pp. 1271-1295

Adi Brender and Allan Drazen

Economic and political liberalizations pp. 1297-1330

Francesco Giavazzi and Guido Tabellini

The dynamics of government pp. 1331-1358

John Hassler, Per Krusell, Kjetil Storesletten and Fabrizio Zilibotti

Volume 52, issue 6, 2005

The econometrics of the New Keynesian price equation pp. 1059-1060

Robert King and Charles Plosser

An open-economy new Keynesian Phillips curve for the U.K pp. 1061-1071

Nicoletta Batini, Brian Jackson and Stephen Nickell

Habit formation and the persistence of monetary shocks pp. 1073-1088

Hafedh Bouakez, Emanuela Cardia and Francisco Ruge-Murcia

Demand and productivity components of business cycles: Estimates and implications pp. 1089-1105

Frédéric Dufourt

Robustness of the estimates of the hybrid New Keynesian Phillips curve pp. 1107-1118

Jordi Galí, Mark Gertler and David Lopez-Salido

Quantifying the uncertainty about the fit of a new Keynesian pricing model pp. 1119-1134

André Kurmann

Estimating New-Keynesian Phillips curves: A full information maximum likelihood approach pp. 1135-1149

Jesper Lindé

Comparing New Keynesian models of the business cycle: A Bayesian approach pp. 1151-1166

Pau Rabanal and Juan F Rubio-Ramirez

New tests of the new-Keynesian Phillips curve pp. 1167-1181

Jeremy Rudd and Karl Whelan

Do expected future marginal costs drive inflation dynamics? pp. 1183-1197

Argia M. Sbordone

Volume 52, issue 5, 2005

Monetary Theory and Policy: Papers in Honor of Bennett T. McCallum pp. 853-853

Marvin Goodfriend and Stanley Zin

Using a long-term interest rate as the monetary policy instrument pp. 855-879

Bruce McGough, Glenn Rudebusch and John Williams

Comment on: "Using a long-term interest rate as the monetary policy instrument" pp. 881-887

Michael Woodford

Endogenous objectives and the evaluation of targeting rules for monetary policy pp. 889-911

Carl Walsh

Comment on: "Endogenous objectives and the evaluation of targeting rules for monetary policy" pp. 913-919

Andrew Levin

Taylor rules, McCallum rules and the term structure of interest rates pp. 921-950

Michael Gallmeyer, Burton Hollifield and Stanley Zin

Estimating the expected marginal rate of substitution: A systematic exploitation of idiosyncratic risk pp. 951-969

Robert Flood and Andrew Rose

Comment on: "Estimating the expected marginal rate of substitution" pp. 971-979

David Marshall

The incredible Volcker disinflation pp. 981-1015

Marvin Goodfriend and Robert King

Comment on: "The incredible Volcker disinflation" pp. 1017-1023

Athanasios Orphanides

Sticky-price models and the natural rate hypothesis pp. 1025-1053

Javier Andrés, David Lopez-Salido and Edward Nelson

Comment on: "Sticky-price models and the natural rate hypothesis" pp. 1055-1057

Charles Evans

Volume 52, issue 4, 2005

Monetary policy for inattentive economies pp. 703-725

Laurence Ball, N. Gregory Mankiw and Ricardo Reis

Stabilizing non-fundamental asset price movements under discretion and limited information pp. 727-747

Bill Dupor

Morale hazard pp. 749-777

Hanming Fang and Giuseppe Moscarini

Robustness and real consequences of nominal wage rigidity pp. 779-804

Ernst Fehr and Lorenz Goette

Do stock price bubbles influence corporate investment? pp. 805-827

Simon Gilchrist, Charles P. Himmelberg and Gur Huberman

Customer anger at price increases, changes in the frequency of price adjustment and monetary policy pp. 829-852

Julio Rotemberg

Volume 52, issue 3, 2005

Money as stock pp. 501-528

John Cochrane

Fiscal deficits and inflation pp. 529-554

Luis Catão and Marco Terrones

Productivity shocks and real exchange rates pp. 555-566

Annika Alexius

Anticipated inflation and rates of return in a search-theoretic monetary model pp. 567-574

Thomas Cone

Inventories, employment and hours pp. 575-600

Marzio Galeotti, Louis Maccini and Fabio Schiantarelli

Trade liberalization and the skill premium in developing economies pp. 601-619

Marla Ripoll

Inflation and price setting in a natural experiment pp. 621-632

Jerzy Konieczny and Andrzej Skrzypacz

Minimum consumption and transitional dynamics in wealth distribution pp. 633-667

Maria J. Alvarez-Pelaez and Antonia Díaz

Public education reform: Community or national funding of education? pp. 669-697

Jorge Soares

Volume 52, issue 2, 2005

International dimensions of optimal monetary policy pp. 281-305

Giancarlo Corsetti and Paolo Pesenti

Interest rate interactions in the classical gold standard, 1880-1914: was there any monetary independence? pp. 307-327

Michael Bordo and Ronald MacDonald

Interest rate rules and price determinacy: The role of transactions services of bonds pp. 329-343

Matthew Canzoneri and Behzad Diba

Business cycles in emerging economies: the role of interest rates pp. 345-380

Pablo Neumeyer and Fabrizio Perri

What are the effects of monetary policy on output? Results from an agnostic identification procedure pp. 381-419

Harald Uhlig

What do you expect? Imperfect policy credibility and tests of the expectations hypothesis pp. 421-447

Sharon Kozicki and Peter Tinsley

Margin requirements and equilibrium asset prices pp. 449-475

Daniele Coen-Pirani

Discretionary monetary policy and inflation persistence pp. 477-496

Niklas Westelius

Erratum to "The term structure of real interest rates: theory and evidence from UK index-linked bonds": [Journal of Monetary Economics 51(7) (2004) 1509-1549] pp. 497-497

Juha Seppala

Volume 52, issue 1, 2005

Rational speculation and exchange rates pp. 3-29

Margarida Duarte and Alan C. Stockman

Comment on: "Rational speculation and exchange rates" pp. 31-33

Maurice Obstfeld

Exchange rate regime durability and performance in developing versus advanced economies pp. 35-64

Aasim M. Husain, Ashoka Mody and Kenneth Rogoff

Comment on: "Exchange rate regime durability and performance in developing versus advanced economies" pp. 65-68

David Backus

Latin America in the rearview mirror pp. 69-107

Harold Cole, Lee Ohanian, Alvaro Riascos and James Schmitz

Comment on: "Latin America in the rear view mirror" pp. 109-112

William Easterly

Determinants of business cycle comovement: a robust analysis pp. 113-157

Marianne Baxter and Michael Kouparitsas

Comment on: "Determinants of business cycle comovement: a robust analysis" pp. 159-162

Patrick Kehoe

Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU pp. 163-204

Enrique Mendoza and Linda Tesar

Comment on: "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU" pp. 205-211

Ellen McGrattan

Implications of state-dependent pricing for dynamic macroeconomic models pp. 213-242

Michael Dotsey and Robert King

Comment on: "Implications of state-dependent pricing for dynamic macroeconomic modeling" pp. 243-247

Susanto Basu

Tax distortions and the case for price stability pp. 249-273

Fabrice Collard and Harris Dellas

Comment on: "Tax distortions and the case for price stability" pp. 275-280

Lawrence Christiano