Journal of Political Economy Macroeconomics

2023 - 2025

From University of Chicago Press
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Volume 3, issue 1, 2025

The Impact of New Housing Supply on the Distribution of Rents pp. 1 - 42

Andreas Mense

Entry Costs Rise with Growth pp. 43 - 74

Peter J. Klenow and Huiyu Li

Technological Waves, Knowledge Diffusion, and Local Growth pp. 75 - 121

Enrico Berkes, Ruben Gaetani and Martí Mestieri

Financial Technology and the Transmission of Monetary Policy: The Role of Social Networks pp. 122 - 164

Xiaoqing Zhou

Volume 2, issue 4, 2024

Private Overborrowing under Sovereign Risk pp. 553 - 601

Fernando Arce

Financial Crisis and Female Entrepreneurship: Evidence from South Korea pp. 602 - 650

Jungho Lee and Sunha Myong

Do Firms Act on Their Inflation Expectations? Another Look at Italian Firms pp. 651 - 686

Alfonso Rosolia

The Heterogeneous Effects of Monetary Policy on Labor Income: Disentangling the Extensive and Intensive Margins pp. 687 - 719

Paul Hubert and Frédérique Savignac

Volume 2, issue 3, 2024

Occupation-Industry Mismatch in the Cross Section and the Aggregate pp. 375 - 408

Saman Darougheh

Macroeconomic Effects of Dividend Taxation with Investment Credit Limits pp. 409 - 448

Matteo Ghilardi and Roy Zilberman

Softening the Blow: US State-Level Banking Deregulation and Sectoral Reallocation after the China Trade Shock pp. 449 - 507

Mathias Hoffmann and Lilia Ruslanova Habibulina

Trade and Inequality: A Sufficient-Statistics Approach pp. 508 - 552

Sergey Nigai and Dongkyu Yang

Volume 2, issue 2, 2024

Fast and Slow Technological Transitions pp. 183 - 227

Rodrigo Adão, Martin Beraja and Nitya Pandalai-Nayar

Price Selection in the Microdata pp. 228 - 271

Peter Karadi, Raphael Schoenle and Jesse Wursten

A Model of Zombie Firms and the Perils of Negative Real Interest Rates pp. 272 - 335

Guillaume Rocheteau

A Generalized Uzawa Growth Theorem pp. 336 - 373

Gregory Casey and Ryo Horii

Volume 2, issue 1, 2024

Trade Policy and Global Sourcing: An Efficiency Rationale for Tariff Escalation pp. 1 - 44

Pol Antràs, Teresa C. Fort, Agustín Gutiérrez and Felix Tintelnot

Helicopter Drops of Money under Secular Stagnation: From Ponzi to Pigou pp. 45 - 106

Jean-Baptiste Michau

Human Capital Investment and Development: The Role of On-the-Job Training pp. 107 - 148

Xiao Ma, Alejandro Nakab and Daniela Vidart

Selection, Patience, and the Interest Rate pp. 149 - 181

Radoslaw Stefanski and Alex Trew

Volume 1, issue 4, 2023

Unconventional Fiscal Policy in a Heterogeneous-Agent New Keynesian Model pp. 633 - 664

Hannah Seidl and Fabian Seyrich

“Golden Ages”: A Tale of the Labor Markets in China and the United States pp. 665 - 706

Hanming Fang and Xincheng Qiu

How Do Gasoline Prices Respond to a Cost Shock? pp. 707 - 741

Erwan Gautier, Magali Marx and Paul Vertier

Unemployment and the Distribution of Liquidity pp. 742 - 787

Zachary Bethune and Guillaume Rocheteau

Volume 1, issue 3, 2023

Customer Churn and Intangible Capital pp. 447 - 505

Scott Baker, Brian Baugh and Marco Sammon

Anatomy of Lifetime Earnings Inequality: Heterogeneity in Job-Ladder Risk versus Human Capital pp. 506 - 550

Serdar Ozkan, Jae Song and Fatih Karahan

The Importance of Entry in the Business Cycle: What Are the Roles of Markups, Adjustment Costs, and Heterogeneity? pp. 551 - 585

William Gamber

Vertical Differentiation in Frictional Product Markets pp. 586 - 632

James Albrecht, Guido Menzio and Susan Vroman

Volume 1, issue 2, 2023

A Global View of Creative Destruction pp. 243 - 275

Chang-Tai Hsieh, Peter J. Klenow and Ishan Nath

On the Optimal Design of Transfers and Income Tax Progressivity pp. 276 - 333

Axelle Ferriere, Philipp Grübener, Gaston Navarro and Oliko Vardishvili

Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt pp. 334 - 370

Francisco Roch and Francisco Roldán

Redistribution with Performance Pay pp. 371 - 402

Paweł Doligalski, Abdoulaye Ndiaye and Nicolas Werquin

Average Inflation Targeting and Household Expectations pp. 403 - 446

Olivier Coibion, Yuriy Gorodnichenko, Edward Knotek and Raphael Schoenle

Volume 1, issue 1, 2023

Editor’s Introduction to JPE Macro pp. 1 - 2

Greg Kaplan

The Industrial Revolution in Services pp. 3 - 42

Chang-Tai Hsieh and Esteban Rossi-Hansberg

The Forward Guidance Puzzle pp. 43 - 79

Marco Del Negro, Marc Giannoni and Christina Patterson

Cheap Thrills: The Price of Leisure and the Global Decline in Work Hours pp. 80 - 118

Alexandr Kopytov, Nikolai Roussanov and Mathieu Taschereau-Dumouchel

Debt-Maturity Management with Liquidity Costs pp. 119 - 190

Saki Bigio, Galo Nuño Barrau and Juan Passadore

Monetary Policy and Redistribution in Open Economies pp. 191 - 241

Xing Guo, Pablo Ottonello and Diego J. Perez