Journal of Money, Credit and Banking

1969 - 2013

Continued by Journal of Money, Credit and Banking.

Current editor(s): Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

From Blackwell Publishing
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Volume 44, month 12, 2012

Special Issue Editors’ Introduction pp. 1-1

Paul Evans and Pok=Sang Lam

Organizers' Introduction: Twenty-Five Years of Study Center Gerzensee pp. 3-7

Harris Dellas, Dirk Niepelt and Marcel Savioz

Slow Recoveries: A Structural Interpretation pp. 9-30

Jordi Galí, Frank Smets and Raf Wouters

Screening and Labor Market Flows in a Model with Heterogeneous Workers pp. 31-71

Federico Ravenna and Carl Walsh

Aggregate Investment Externalities and Macroprudential Regulation pp. 73-109

Hans Gersbach and Jean Rochet

Inflation and Unit Labor Cost pp. 111-149

Robert G. King and Mark Watson

The Federal Reserve, the Emerging Markets, and Capital Controls: A High-Frequency Empirical Investigation pp. 151-184

Sebastian Edwards

Withering Government Spending Multipliers pp. 185-210

Matthew Canzoneri, Fabrice Collard, Harris Dellas and Behzad Diba

Asymmetries in Price-Setting Behavior: New Microeconometric Evidence from Switzerland pp. 211-236

E. HONORÉ Bo, Daniel Kaufmann and Sarah Lein

Macroeconomic Shocks and Banking Regulation pp. 237-254

Mathias Dewatripont and Jean Tirole

Risk Premium Shocks and the Zero Bound on Nominal Interest Rates pp. 1475-1505

Robert Amano and Malik Shukayev

A New Method for Identifying the Effects of Foreign Exchange Interventions pp. 1507-1533

Chih-Nan Chen, Tsutomu Watanabe and Tomoyoshi Yabu

The Quantitative Importance of News Shocks in Estimated DSGE Models pp. 1535-1561

Hashmat Khan and John Tsoukalas

Fiscal Positions and Government Bond Yields in OECD Countries pp. 1563-1587

Joseph Gruber and Steven B. Kamin

Constructing Density Forecasts from Quantile Regressions pp. 1589-1607

Wagner Gaglianone and Luiz Lima

Regulatory Arbitrage in Cross-Border Banking Mergers within the EU pp. 1609-1629

Santiago Carbo-Valverde, Edward Kane and Francisco Rodriguez-Fernandez

Price Setting in the Euro Area: Some Stylized Facts from Individual Producer Price Data pp. 1631-1650

Philip Vermeulen, Daniel Dias, Maarten Dossche, Erwan Gautier, Ignacio Hernando, Roberto Sabbatini and Harald Stahl

On the Effects of Deposit Insurance and Observability on Bank Runs: An Experimental Study pp. 1651-1665

Hubert Janos Kiss, Ismael Rodriguez-Lara and ROSA-GARCÍA Alfonso

The Effects of Monetary Policy “News” and “Surprises” pp. 1667-1692

Fabio Milani and John Treadwell

Volume 44, month 10, 2012

Does Ricardian Equivalence Hold When Expectations Are Not Rational? pp. 1259-1283

George Evans, Seppo Honkapohja and Kaushik Mitra

A Historical Analysis of the Taylor Curve pp. 1285-1299

Eric Olson and Walter Enders

Putting the New Keynesian DSGE Model to the Real-Time Forecasting Test pp. 1301-1324

Marcin Kolasa, Michał Rubaszek and Pawe≈å Skrzypczy≈éski

The Role of Media for Inflation Forecast Disagreement of Households and Professional Forecasters pp. 1325-1350

Michael Lamla and Thomas Maag

Optimal Simple Monetary and Fiscal Rules under Limited Asset Market Participation pp. 1351-1374

Giorgio Motta and Patrizio Tirelli

Monetary Policy and Price Responsiveness to Aggregate Shocks under Rational Inattention pp. 1375-1399

Luigi Paciello

Mortgage Choice as a Natural Field Experiment on Choice under Risk pp. 1401-1426

Philomena M. Bacon and Peter Moffatt

Price Stickiness and Sectoral Inflation Persistence: Additional Evidence pp. 1427-1442

Hervé Le Bihan and Julien Matheron

U.S. Monetary Policy Surprises: Identification with Shifts and Rotations in the Term Structure pp. 1443-1453

Edda Claus and Mardi Dungey

How Do Nominal and Real Rigidities Interact? A Tale of the Second Best pp. 1455-1474

Romain Duval and Lukas Vogel

Volume 44, month 09, 2012

Monetary Policy Rules Work and Discretion Doesn't: A Tale of Two Eras pp. 1017-1032

John Taylor

Estimating Central Bank Preferences under Commitment and Discretion pp. 1033-1061

Gregory Givens

Bank Lending Standards and Access to Lines of Credit pp. 1063-1089

Cem Demiroglu, Christopher James and Atay Kizilaslan

Realized and Optimal Monetary Policy Rules in an Estimated Markov-Switching DSGE Model of the United Kingdom pp. 1091-1116

Xiaoshan Chen and Ronald MacDonald

Stale Information, Shocks, and Volatility pp. 1117-1149

Reint Gropp and Arjan Kadareja

Return Dependence and the Limits of Product Diversification in Financial Firms pp. 1151-1183

Thomas Fomby, Jeffery W. Gunther and Jian Hu

Imperfect Competition in Bank Retail Markets, Deposit and Loan Rate Dynamics, and Incomplete Pass Through pp. 1185-1205

Kenneth J. Kopecky and David D. van Hoose

Foreign Demand for Domestic Currency and the Optimal Rate of Inflation pp. 1207-1224

SCHMITT-GROH√â Stephanie and Martín Uribe

Sectoral Comovement, Monetary Policy Shocks, and Input-Output Structure pp. 1225-1244

Nao Sudo

Money: A Market Microstructure Approach pp. 1245-1258

Malte Krueger

Volume 44, month 08, 2012

On the Welfare Gains of Price Dispersion pp. 757-786

Richard Dutu, Benoit Julien and Ian King

The Friedman Rule in a Model with Endogenous Growth and Cash-in-Advance Constraint pp. 787-823

Firouz Gahvari

Monetary Policy and Automatic Stabilizers: The Role of Progressive Taxation pp. 825-862

Fabrizio Mattesini and Lorenza Rossi

The Advantage of Flexible Targeting Rules pp. 863-881

Andrea Ferrero

Credit Risk Spreads in Local and Foreign Currencies pp. 883-901

Dan Galai and Zvi Wiener

Illiquidity in the Interbank Payment System Following Wide-Scale Disruptions pp. 903-929

Morten Bech and Rodney Garratt

Infrequent Housing Adjustment, Limited Participation, and Monetary Policy pp. 931-955

Andra Ghent

Credit Relationships: Evidence from Experiments with Real Bankers pp. 957-980

CORNÉE Simon, David Masclet and Gervais Thenet

Real Balance Effects, Timing, and Equilibrium Determination pp. 981-994

Christian A. Stoltenberg

Markups and the Welfare Cost of Business Cycles: A Reappraisal pp. 995-1014

Jean-Olivier Hairault and Francois Langot

Volume 44, month 06, 2012

Strategic Complementarity, Stabilization Policy, and the Optimal Degree of Publicity pp. 551-572

Jonathan G. James and Phillip Lawler

Monetary Policy, Bank Lending, and the Risk-Pricing Channel pp. 573-602

Ruby P. Kishan and Timothy Opiela

The Role of Financial Market Structure and the Trade Elasticity for Monetary Policy in Open Economies pp. 603-629

Katrin Rabitsch

The Role of Lending Banks in Forced CEO Turnovers pp. 631-659

Sadi Ozelge and Anthony Saunders

Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition pp. 661-684

W Frame, Diana Hancock and Wayne Passmore

Too Dispersed to Monitor? Ownership Dispersion, Monitoring, and the Prediction of Bank Distress pp. 685-714

Tristan Auvray and Olivier Brossard

Are Some Forecasters Really Better Than Others? pp. 715-732

D’AGOSTINO Antonello, Kieran McQuinn and Karl Whelan

Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer? pp. 733-750

Richard Burdekin, Kris James Mitchener and Marc D. Weidenmier

Volume 44, month 03, 2012

Product Replacement Bias in Inflation and Its Consequences for Monetary Policy pp. 255-299

Henning Weber

Real Exchange Rates and Productivity: Evidence from Asia pp. 301-322

Vikas Kakkar and Kit Ming Yan

Central Bank Communication and the Perception of Monetary Policy by Financial Market Experts pp. 323-340

Sandra Schmidt and Dieter Nautz

Uncertainty Over Models and Data: The Rise and Fall of American Inflation pp. 341-365

Seth Pruitt

Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market pp. 367-384

DELL’ARICCIA Giovanni, Deniz Igan and Luc Laeven

The Political Business Cycle: New Evidence from the Nixon Tapes pp. 385-399

Burton Abrams and James Butkiewicz

One for Some or One for All? Taylor Rules and Interregional Heterogeneity pp. 401-431

Olivier Coibion and Daniel Goldstein

The Effect of Bank Failures on Economic Activity: Evidence from U.S. States in the Early 20th Century pp. 433-455

Carlos Ramirez and Philip A. Shively

Sacrifice Ratio in a Medium-Scale New Keynesian Model pp. 457-467

Guido Ascari and Tiziano Ropele

What Does the Yield Curve Tell Us about the Federal Reserve’s Implicit Inflation Target? pp. 469-486

Taeyoung Doh

Understanding Expectation-Driven Fluctuations: A Labor-Market Approach pp. 487-506

Pengfei Wang

Government Spending Shocks in Quarterly and Annual Time Series pp. 507-517

Benjamin Born and J. M√úLLER Gernot

How Payday Credit Access Affects Overdrafts and Other Outcomes pp. 519-531

Donald Morgan, Michael Strain and Ihab Seblani

Return on Commodity Money, Small Change Problems, and Fiat Money pp. 533-549

Young Sik Kim and Manjong Lee

Volume 44, month 02, 2012

Editor's Introduction October 2011 pp. 1-1

Kenneth West

Aggregate Implications of Heterogeneous Households in a Sticky-Price Model pp. 1-22

Jae Won Lee

The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment pp. 3-46

James D. Hamilton and Jing Cynthia Wu

Estimating the Evolution of Money’s Role in the U.S. Monetary Business Cycle pp. 23-52

Efrem Castelnuovo

Have We Underestimated the Likelihood and Severity of Zero Lower Bound Events? pp. 47-82

Hess Chung, Jean-Philippe Laforte, David Reifschneider and John Williams

Monetary Policy Response to Oil Price Shocks pp. 53-101

Jean-Marc Natal

Inflation Dynamics When Inflation Is Near Zero pp. 83-122

Jeffrey Fuhrer, Giovanni Olivei and Geoffrey Tootell

The Taylor Rule and Forecast Intervals for Exchange Rates pp. 103-144

Jian Wang and Jason Wu

What Has—and Has Not—Been Learned about Monetary Policy in a Low-Inflation Environment? A Review of the 2000s pp. 123-140

Richard Clarida

Revisiting Monetary Policy in a Low-Inflation and Low-Utilization Environment pp. 141-146

Alan Blinder

Effective Use of Survey Information in Estimating the Evolution of Expected Inflation pp. 145-169

Sharon Kozicki and Peter Tinsley

Monetary Policy in a Low-Inflation Environment: Developing a State-Contingent Price-Level Target pp. 147-155

Charles Evans

Monetary Policies and Exchange Rates at the Zero Lower Bound pp. 157-163

Richard Portes

Revisiting Monetary Policy in a Low-Inflation Environment: Remarks at the Federal Reserve Bank of Boston's 55th Economic Conference pp. 165-174

Eric Rosengren

Do Large Banks Have Lower Costs? New Estimates of Returns to Scale for U.S. Banks pp. 171-199

David Wheelock and Paul Wilson

Japan's Deflation and the Bank of Japan's Experience with Nontraditional Monetary Policy pp. 175-190

Kazuo Ueda

Turning Bagehot on His Head: Lending at Penalty Rates When Banks Can Become Insolvent pp. 201-219

Fabio Castiglionesi and Wolf Wagner

Flexible Prices and the Business Cycle pp. 221-233

Fabrice Collard and Harris Dellas

Estimating Probabilities of Recession in Real Time Using GDP and GDI pp. 235-253

Jeremy J. Nalewaik