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 40, issue 8, 2008

Editors' Introduction pp. 1555-1555

Pok‐sang Lam and Masao Ogaki

Monetary Theory: Where Do We Stand? pp. 1557-1560

Harris Dellas, Thomas Jordan and Ulrich Kohli

How Important Is Money in the Conduct of Monetary Policy? pp. 1561-1598

Michael Woodford

Robustness and U.S. Monetary Policy Experimentation pp. 1599-1623

Timothy Cogley, Riccardo Colacito, Lars Hansen and Thomas Sargent

Managing Expectations pp. 1625-1666

Robert G. King, Yang K. Lu and Ernesto Pasten

Monetary Aggregates and Liquidity in a Neo‐Wicksellian Framework pp. 1667-1698

Matthew Canzoneri, Robert Cumby, Behzad Diba and David López‐salido

News and Business Cycles in Open Economies pp. 1699-1711

Nir Jaimovich and Sergio Rebelo

An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining pp. 1713-1764

Mark Gertler, Luca Sala and Antonella Trigari

Monetary Policy and Inflation in the 70s pp. 1765-1781

Fabrice Collard and Harris Dellas

How Important Is Money in the Conduct of Monetary Policy? A Comment pp. 1783-1790

Bennett McCallum

Why Money Growth Determines Inflation in the Long Run: Answering the Woodford Critique pp. 1791-1814

Edward Nelson

Volume 40, issue 7, 2008

Time Inconsistency and Free‐Riding in a Monetary Union pp. 1329-1356

Varadarajan V. Chari and Patrick Kehoe

Energy Price Shocks and the Macroeconomy: The Role of Consumer Durables pp. 1357-1377

Rajeev Dhawan and Karsten Jeske

Finance, Firm Size, and Growth pp. 1379-1405

Thorsten Beck, Asli Demirguc‐kunt, Luc Laeven and Ross Levine

Exchange Rate Changes and Inflation in Post‐Crisis Asian Economies: Vector Autoregression Analysis of the Exchange Rate Pass‐Through pp. 1407-1438

Takatoshi Ito and Kiyotaka Sato

What Accounts for the Changes in U.S. Fiscal Policy Transmission? pp. 1439-1470

Florin Bilbiie, Andre Meier and Gernot Müller

Canonical Term‐Structure Models with Observable Factors and the Dynamics of Bond Risk Premia pp. 1471-1488

Marcello Pericoli and Marco Taboga

Testing Term Structure Estimation Methods: Evidence from the UK STRIPS Market pp. 1489-1512

James Steeley

Sticky Information Phillips Curves: European Evidence pp. 1513-1520

Jörg Döpke, Jonas Dovern, Ulrich Fritsche and Jiri Slacalek

Incomplete Intertemporal Consumption Smoothing and Incomplete Risk Sharing pp. 1521-1531

Pierfederico Asdrubali and Soyoung Kim

The Intraday Price of Money: Evidence from the e‐MID Interbank Market pp. 1533-1540

Angelo Baglioni and Andrea Monticini

Political Regimes and the Cost of Disinflation pp. 1541-1554

Barbara Caporale and Tony Caporale

Volume 40, issue 6, 2008

The Central Banker as a Risk Manager: Estimating the Federal Reserve's Preferences under Greenspan pp. 1103-1129

Lutz Kilian and Simone Manganelli

Identifying Monetary Policy Shocks via Changes in Volatility pp. 1131-1149

Markku Lanne and Helmut Lütkepohl

The Role of Interbank Markets in Monetary Policy: A Model with Rationing pp. 1151-1176

Xavier Freixas and José Jorge

Stochastic Volatility in a Macro‐Finance Model of the U.S. Term Structure of Interest Rates 1961–2004 pp. 1177-1215

Peter Spencer

Geographic Diversification, Bank Holding Company Value, and Risk pp. 1217-1238

Saiying (esther) Deng and Elyas Elyasiani

Financial Crisis, Fiscal Policy, and the 1995 GDP Contraction in Mexico pp. 1239-1261

Felipe Meza

Financial System Size in Transition Economies: The Effect of Legal Origin pp. 1263-1280

Joel T. Harper and James E. McNulty

Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks pp. 1281-1293

Szilard Benk, Max Gillman and Michal Kejak

Another Example of a Credit System that Co‐Exists with Money pp. 1295-1308

Gabriele Camera and Yiting Li

Inflation and Growth: Impatience and a Qualitative Equivalence pp. 1309-1323

Been-Lon Chen, Mei Hsu and Chia-Hui Lu

Japan's Phillips Curve Looks Like Japan pp. 1325-1326

Gregor Smith

Volume 40, issue 5, 2008

Higher Order Expectations in Asset Pricing pp. 837-866

Philippe Bacchetta and Eric van Wincoop

A General Theory (and Some Evidence) of Expectation Traps in Monetary Policy pp. 867-895

Roc Armenter

The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive Efficiency pp. 897-928

Douglas D. Evanoff and Evren Ors

Household Debt and Income Inequality, 1963–2003 pp. 929-965

Matteo Iacoviello

Equilibrium Indeterminacy and Asset Price Fluctuation in Japan: A Bayesian Investigation pp. 967-999

Yasuo Hirose

The Dynamic (In)Efficiency of Monetary Policy by Committee pp. 1001-1032

Alessandro Riboni and Francisco J. Ruge‐murcia

Determinacy and Learnability of Monetary Policy Rules in Small Open Economies pp. 1033-1063

Luis‐gonzalo Llosa and Vicente Tuesta

On the Intertemporal Elasticity of Substitution under Nonhomothetic Utility pp. 1065-1072

Masakatsu Okubo

Sticky Prices and Indeterminacy pp. 1073-1082

Mark Weder

Sigma Convergence versus Beta Convergence: Evidence from U.S. County‐Level Data pp. 1083-1093

Andrew T. Young, Matthew Higgins and Daniel Levy

Monetary–Fiscal Policy Interactions under Implementable Monetary Policy Rules pp. 1095-1102

William A. Branch, Troy Davig and Bruce McGough

Volume 40, issue 4, 2008

Inflation Band Targeting and Optimal Inflation Contracts pp. 557-582

Frederic S. Mishkin and Niklas Westelius

Commercially Available Order Flow Data and Exchange Rate Movements: Caveat Emptor pp. 583-625

Michael Sager and Mark Taylor

Estimating the New Keynesian Phillips Curve: A Vertical Production Chain Approach pp. 627-666

Adam Hale Shapiro

The New Keynesian Phillips Curve: From Sticky Inflation to Sticky Prices pp. 667-699

Chengsi Zhang, Denise Osborn and Dong Heon Kim

Financial Intermediaries, Markets, and Growth pp. 701-720

Falko Fecht, Kevin Huang and Antoine Martin

Optimal Monetary Policy in a Small Open Economy with Home Bias pp. 721-750

Ester Faia and Tommaso Monacelli

Did Hayek and Robbins Deepen the Great Depression? pp. 751-768

Lawrence White

Credit Card Debt and Default over the Life Cycle pp. 769-790

Paula Lopes

Multiple Equilibria in Markets with Screening pp. 791-798

Alexis Direr

The Great Inflation Was Not Asymmetric: International Evidence pp. 799-815

Dean Scrimgeour

Pegged Exchange Rate Regimes—A Trap? pp. 817-835

Joshua Aizenman and Reuven Glick

Volume 40, issue 2‐3, 2008

Monetary Policy Choices in Emerging Market Economies: The Case of High Productivity Growth pp. 243-271

Federico Ravenna and Fabio M. Natalucci

Are Bank Holding Companies a Source of Strength to Their Banking Subsidiaries? pp. 273-294

Adam B. Ashcraft

Discipline and Liquidity in the Interbank Market pp. 295-317

Thomas King

Data Revisions Are Not Well Behaved pp. 319-340

S. Boragan Aruoba

Re‐Examining the Consumption–Wealth Relationship: The Role of Model Uncertainty pp. 341-367

Gary Koop, Simon Potter and Rodney Strachan

The Structural Dynamics of U.S. Output and Inflation: What Explains the Changes? pp. 369-388

Luca Gambetti, Evi Pappa and Fabio Canova

Relative Prices as Aggregate Supply Shocks with Trend Inflation pp. 389-408

David Demery and Nigel W. Duck

Testing Commitment Models of Monetary Policy: Evidence from OECD Economies pp. 409-425

Matthew Doyle and Barry Falk

Hyperbolic Discounting and the Phillips Curve pp. 427-448

Liam Graham and Dennis J. Snower

Private Sector Influences on Monetary Policy in the United States pp. 449-462

Charles Weise

How Do People Cope with Natural Disasters? Evidence from the Great Hanshin‐Awaji (Kobe) Earthquake in 1995 pp. 463-488

Yasuyuki Sawada and Satoshi Shimizutani

Venture‐Capital Investment in Minority Business pp. 489-504

Timothy Bates and William D. Bradford

Differences in Interest Rate Policy at the ECB and the Fed: An Investigation with a Medium‐Scale DSGE Model pp. 505-521

Jean-Guillaume Sahuc and Frank Smets

Monitoring and Forecasting Currency Crises pp. 523-534

Atsushi Inoue and Barbara Rossi

Why Do Bank Runs Look Like Panic? A New Explanation pp. 535-546

Yehning Chen and Iftekhar Hasan

Model Uncertainty and Delegation: A Case for Friedman's k‐Percent Money Growth Rule? pp. 547-556

Juha Kilponen and Kai Leitemo

Volume 40, issue 1, 2008

The Liquidity Effect in the Federal Funds Market: Evidence at the Monthly Frequency pp. 1-24

Seth Carpenter and Selva Demiralp

Relationship Lending, Accounting Disclosure, and Credit Availability during the Asian Financial Crisis pp. 25-55

Wenying Jiangli, Haluk Unal and Chiwon Yom

The Effect of Bank Credit on Asset Prices: Evidence from the Japanese Real Estate Boom during the 1980s pp. 57-87

Nada Mora

Inflation and Welfare: A Search Approach pp. 89-119

Ben Craig and Guillaume Rocheteau

The “Great Moderation” in the United Kingdom pp. 121-147

Luca Benati

Consumers' Use of Debit Cards: Patterns, Preferences, and Price Response pp. 149-172

Ron Borzekowski, K. Kiser Elizabeth and Ahmed Shaista

Emergence of Captive Finance Companies and Risk Segmentation in Loan Markets: Theory and Evidence pp. 173-192

John M. Barron, Byung‐uk Chong and Michael E. Staten

Money Market Integration pp. 193-213

Leonardo Bartolini, Spence Hilton and Alessandro Prati

Information Contagion and Bank Herding pp. 215-231

Viral Acharya and Tanju Yorulmazer

Can Interest‐Bearing Money Circulate? A Small‐Denomination Arkansan Experiment, 1861–63 pp. 233-241

Richard Burdekin and Marc D. Weidenmier