Journal of Money, Credit and Banking

2007 - 2025

Continuation of 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 55, issue 8, 2023

A Theory of Intrinsic Inflation Persistence pp. 1961-2000

Takushi Kurozumi and Willem Van Zandweghe

How Does Monetary Policy Affect Welfare? Some New Estimates Using Data on Life Evaluation and Emotional Well‐Being pp. 2001-2025

Lina El‐jahel, Robert MacCulloch and Hamed Shafiee

Does Real‐Time Macroeconomic Information Help to Predict Interest Rates? pp. 2027-2059

Alberto Caruso and Laura Coroneo

Superkurtosis pp. 2061-2091

Stavros Degiannakis, George Filis, Grigorios Siourounis and Lorenzo Trapani

Does the Exchange Rate Respond to Monetary Policy in Mexico? Solving an Exchange Rate Puzzle in Emerging Markets pp. 2093-2113

Pavel Solís

News Shocks, Business Cycles, and the Disinflation Puzzle pp. 2115-2151

Hafedh Bouakez and Laurent Kemoe

Debt Overhang and Lack of Lender's Commitment pp. 2153-2185

Keiichiro Kobayashi, Tomoyuki Nakajima and Shuhei Takahashi

Endogenous Growth, Skill Obsolescence, and Output Hysteresis in a New Keynesian Model with Unemployment pp. 2187-2213

Wolfgang Lechthaler and Mewael F. Tesfaselassie

Disagreement in Consumer Inflation Expectations pp. 2215-2241

Tomasz Łyziak and Xuguang Simon Sheng

Volume 55, issue 7, 2023

Historical Patterns of Inequality and Productivity around Financial Crises pp. 1641-1665

Pascal Paul

Revolving versus Convenience Use of Credit Cards: Evidence from U.S. Credit Bureau Data pp. 1667-1701

Scott Fulford and Scott Schuh

Bringing Back the Jobs Lost to Covid‐19: The Role of Fiscal Policy pp. 1703-1747

Christian Bredemeier, Falko Juessen and Roland Winkler

Changing Supply Elasticities and Regional Housing Booms pp. 1749-1783

Knut Are Aastveit, Bruno Albuquerque and André K. Anundsen

The Fundamental Review of the Trading Book: Implications for Portfolio and Risk Management in the Banking Sector pp. 1785-1816

Orla McCullagh, Mark Cummins and Sheila Killian

Macroeconomic Effects of Credit Deepening in Latin America pp. 1817-1855

Carlos Carvalho, Nilda Pasca, Laura Souza and Eduardo Zilberman

Demographics, Monetary Policy, and the Zero Lower Bound pp. 1857-1887

Marcin Bielecki, Michał Brzoza‐brzezina and Marcin Kolasa

Monetary Policy, Neutrality, and the Environment pp. 1889-1906

Joao R. Faria, Peter McAdam and Bruno Viscolani

The Time‐Varying Response of Hours Worked to a Productivity Shock pp. 1907-1935

Huachen Li

Inflation Expectations, Inflation Target Credibility, and the COVID‐19 Pandemic: Evidence from Germany pp. 1937-1953

Winnie Coleman and Dieter Nautz

Volume 55, issue 6, 2023

Delayed Adjustment and Persistence in Macroeconomic Models pp. 1325-1356

Thijs van Rens and Marija Vukotić

Geographic Cross‐Sectional Fiscal Spending Multipliers and the Role of Local Autonomy: Evidence from European Regions pp. 1357-1396

Markus Brueckner, Evi Pappa and Ákos Valentinyi

Supply and Demand Effects of Bank Bailouts: Depositors Need Not Apply and Need Not Run pp. 1397-1442

Allen N. Berger, Martien Lamers, Raluca Roman and Koen Schoors

Are the Liquidity and Collateral Roles of Asset Bubbles Different? pp. 1443-1473

Lise Clain‐chamosset‐yvrard, Xavier Raurich and Thomas Seegmuller

Treasury Safety, Liquidity, and Money Premium Dynamics: Evidence from Debt Limit Impasses pp. 1475-1506

David Cashin, Erin E. Syron Ferris and Elizabeth Klee

What Is in a Name? Purchases and Sales of Financial Assets as a Monetary Policy Instrument pp. 1507-1533

Ronald Mau

Explaining Monetary Spillovers: The Matrix Reloaded pp. 1535-1568

Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia

Monetary Policy in a Schumpeterian Growth Model with Vertical R&D Sectors pp. 1569-1607

Chien‐yu Huang, Youchang Wu, Yibai Yang and Zhijie Zheng

The Formation of Inflation Expectations: Microdata Evidence from Japan pp. 1609-1632

Junichi Kikuchi and Yoshiyuki Nakazono

Volume 55, issue 5, 2023

Nonlinear Employment Effects of Tax Policy pp. 1001-1042

Domenico Ferraro and Giuseppe Fiori

Does Competition Affect Bank Risk? pp. 1043-1076

Liangliang Jiang, Ross Levine and Chen Lin

CLO (Collateralized Loan Obligation) Market and Corporate Lending pp. 1077-1118

Angela Gallo and Min Park

Information Aggregation Bias and Samuelson's Dictum pp. 1119-1145

Yongok Choi, Giacomo Rondina and Todd Walker

Talking Over Time ‐ Dynamic Central Bank Communication pp. 1147-1176

Laura Gáti

The 1932 Federal Reserve Open‐Market Purchases as a Precedent for Quantitative Easing pp. 1177-1212

Michael D. Bordo and Arunima Sinha

Downward Nominal Wage Rigidity and Inflation Dynamics during and after the Great Recession pp. 1213-1244

Tomohide Mineyama

The Effect of Monetary Policy on Consumption Inequality: An Analysis of Transmission Channels through TANK Models pp. 1245-1270

Momo Komatsu

Phillips Correlation and Price‐Change Distributions under Declining Trend Inflation pp. 1271-1305

Sohei Kaihatsu, Mitsuru Katagiri and Noriyuki Shiraki

How Powerful Is Unannounced, Sterilized Foreign Exchange Intervention? pp. 1307-1319

Alain Naef and Jacob Weber

Volume 55, issue 4, 2023

The Role of Money in Monetary Policy at the Lower Bound pp. 681-716

Roberto Billi, Ulf Söderström and Carl Walsh

Inflation and Welfare in a Competitive Search Equilibrium with Asymmetric Information pp. 717-746

Lorenzo Carbonari, Fabrizio Mattesini and Robert J. Waldmann

House Price Markups and Mortgage Defaults pp. 747-782

Paul Carrillo, William Doerner and William Larson

Policy Uncertainty and Bank Mortgage Credit pp. 783-823

Gazi I. Kara and Youngsuk Yook

Effects of State‐Dependent Forward Guidance, Large‐Scale Asset Purchases, and Fiscal Stimulus in a Low‐Interest‐Rate Environment pp. 825-858

Günter Coenen, Carlos Montes‐galdón and Frank Smets

Downward Nominal Wage Rigidity Meets the Zero Lower Bound pp. 859-887

Robert Amano and Stefano Gnocchi

Credit Crunch and Downward Nominal Wage Rigidities pp. 889-914

Jean‐françois Rouillard

A Dilemma between Liquidity Regulation and Monetary Policy: Some History and Theory pp. 915-944

Eric Monnet and Miklos Vari

Normalizing the Central Bank's Balance Sheet: Implications for Inflation and Debt Dynamics pp. 945-974

Begoña Domínguez and Pedro Gomis‐porqueras

Housing Rents and Inflation Rates pp. 975-992

Brent Ambrose, N. Edward Coulson and Jiro Yoshida

Volume 55, issue 2-3, 2023

Fast Rises, Slow Declines: Asymmetric Unemployment Dynamics with Matching Frictions pp. 349-378

Domenico Ferraro

Consumption, Credit, and the Missing Young pp. 379-405

Daniel Cooper, Olga Gorbachev and María José Luengo‐prado

A Model of QE, Reserve Demand, and the Money Multiplier pp. 407-439

Ellen Ryan and Karl Whelan

Deposit Insurance and Depositor Monitoring: Quasi‐Experimental Evidence from the Creation of the Federal Deposit Insurance Corporation pp. 441-464

Haelim Anderson, Gary Richardson and Brian Yang

Calibrating the Magnitude of the Countercyclical Capital Buffer Using Market‐Based Stress Tests pp. 465-501

Maarten van Oordt

Banks' Strategic Responses to Supervisory Coverage: Evidence from a Natural Experiment pp. 503-530

Ivan T. Ivanov, Ben Ranish and James Wang

System‐Wide Runs and Financial Collapse pp. 531-558

DongIk Kang

Out of Bounds: Do SPF Respondents Have Anchored Inflation Expectations? pp. 559-576

Carola Binder, Wesley Janson and Randal Verbrugge

Are Some Forecasters Really Better than Others? A Note* pp. 577-593

Ulrich Hounyo and Kajal Lahiri

A Money‐Financed Fiscal Stimulus: Redistribution and Social Welfare pp. 595-617

Chiara Punzo and Lorenza Rossi

Lower Bound Uncertainty and Long‐Term Interest Rates pp. 619-634

Christian Grisse

Changing Impact of Shocks: A Time‐Varying Proxy SVAR Approach pp. 635-654

Haroon Mumtaz and Katerina Petrova

A Simple Model of Voluntary Reserve Targets with Tolerance Bands pp. 655-672

Garth Baughman and Francesca Carapella

Volume 55, issue 1, 2023

Search Frictions, Labor Supply, and the Asymmetric Business Cycle pp. 5-42

Domenico Ferraro and Giuseppe Fiori

Institutional Arrangements and Inflation Bias: A Dynamic Heterogeneous Panel Approach pp. 43-76

Vasco Gabriel, Ioannis Lazopoulos and Diana Lima

Mortgage Lending, Default, and the Community Reinvestment Act pp. 77-102

Daniel Ringo

Understanding Bank and Nonbank Credit Cycles: A Structural Exploration pp. 103-142

C. Bora Durdu and Molin Zhong

Uncertainty and the Cost of Bank versus Bond Finance pp. 143-169

Christian Grimme

Money Illusion and TIPS Demand pp. 171-214

Abraham Lioui and Andrea Tarelli

The Effect of Inflation on Wage Inequality: A North–South Monetary Model of Endogenous Growth with International Trade pp. 215-249

Oscar Afonso and Tiago Sequeira

Conditional Equity Premium and Aggregate Corporate Investment pp. 251-295

Hui Guo and Buhui Qiu

Central Bank Digital Currency, Credit Supply, and Financial Stability pp. 297-321

Young Sik Kim and Ohik Kwon

Liquidity Requirements, Free‐Riding, and the Implications for Financial Stability Evidence from the Early 1900s pp. 323-341

Mark Carlson and Matthew Jaremski