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 50, issue 8, 2018

Balanced‐Budget Rules and Aggregate Instability: The Role of Endogenous Capital Utilization pp. 1669-1709

Kevin Huang, Qinglai Meng and Jianpo Xue

Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Contagion Risk? pp. 1711-1750

Mark Carlson and David Wheelock

Explaining the Boom–Bust Cycle in the U.S. Housing Market: A Reverse‐Engineering Approach pp. 1751-1783

Paolo Gelain, Kevin Lansing and Gisle Natvik

Big Banks and Macroeconomic Outcomes: Theory and Cross‐Country Evidence of Granularity pp. 1785-1825

Franziska Bremus, Claudia Buch, Katheryn Russ and Monika Schnitzer

Unconventional Monetary Policy and International Risk Premia pp. 1827-1850

John Rogers, Chiara Scotti and Jonathan Wright

Monetary Policy and Investment Dynamics: Evidence from Disaggregate Data pp. 1851-1878

Gregory Givens and Robert R. Reed

The State‐Level Impact of Uncertainty Shocks pp. 1879-1899

Haroon Mumtaz, Laura Sunder‐plassmann and Angeliki Theophilopoulou

Credit Default Swaps in General Equilibrium: Endogenous Default and Credit‐Spread Spillovers pp. 1901-1933

Matthew Darst and Ehraz Refayet

Search, Financial Market Frictions, and Monetary Transmission pp. 1935-1968

Victor E. Li

The Legacy and the Tyranny of Time: Exit and Re‐Entry of Sovereigns to International Capital Markets pp. 1969-1994

Luca Agnello, Vitor Castro and Ricardo Sousa

Volume 50, issue 7, 2018

Dealing with Time Inconsistency: Inflation Targeting versus Exchange Rate Targeting pp. 1369-1399

Jonathan Davis, Ippei Fujiwara and Jiao Wang

Cross‐Border Auction Cycle Effects of Sovereign Bond Issuance in the Euro Area pp. 1401-1440

Roel Beetsma, Massimo Giuliodori, Jesper Hanson and Frank de Jong

U.S. Monetary Regimes and Optimal Monetary Policy in the Euro Area pp. 1441-1478

Kostas(Konstantinos) Mavromatis

Financial Stress Regimes and the Macroeconomy pp. 1479-1505

Ana Galvão and Michael Owyang

The Risk‐Taking Channel of Monetary Policy: Exploring All Avenues pp. 1507-1541

Diana Bonfim and Carla Soares

Hot Money and Quantitative Easing: The Spillover Effects of U.S. Monetary Policy on the Chinese Economy pp. 1543-1569

Steven Ho, Ji Zhang and Hao Zhou

Propagation Mechanisms for Government Spending Shocks: A Bayesian Comparison pp. 1571-1616

Anna Kormilitsina and Sarah Zubairy

The Effects of Oil Supply and Demand Shocks on U.S. Consumer Sentiment pp. 1617-1644

Jochen Güntner and Katharina Linsbauer

On the Instability of Long‐Run Money Demand and the Welfare Cost of Inflation in the United States pp. 1645-1660

Matteo Mogliani and Giovanni Urga

Volume 50, issue 6, 2018

Mortgage Default during the U.S. Mortgage Crisis pp. 1101-1137

Thomas Schelkle

Measuring Inflation Expectations Uncertainty Using High‐Frequency Data pp. 1139-1166

Joshua Chan and Yong Song

The Real‐Time Properties of the Bank of Canada's Staff Output Gap Estimates pp. 1167-1188

Julien Champagne, Guillaume Poulin‐bellisle and Rodrigo Sekkel

An Inflation‐Predicting Measure of the Output Gap in the Euro Area pp. 1189-1224

Marek Jarociński and Michele Lenza

How Much of Bank Credit Risk Is Sovereign Risk? Evidence from Europe pp. 1225-1269

Junye Li and Gabriele Zinna

Optimal Dynamic Capital Requirements pp. 1271-1297

Caterina Mendicino, Kalin Nikolov, Javier Suarez and Dominik Supera

How Robust Are Popular Models of Nominal Frictions? pp. 1299-1342

Benjamin Keen and Evan Koenig

On Quality and Variety Bias in Aggregate Prices pp. 1343-1363

Masashige Hamano and Francesco Zanetti

Volume 50, issue 5, 2018

Using Market Expectations to Test for Speculative Bubbles in the Crude Oil Market pp. 833-856

Efthymios Pavlidis, Ivan Paya and David Peel

Sovereign to Corporate Risk Spillovers pp. 857-891

Patrick Augustin, Hamid Boustanifar, Johannes Breckenfelder and Jan Schnitzler

Competition, Loan Rates, and Information Dispersion in Nonprofit and For‐Profit Microcredit Markets pp. 893-937

Guillermo Baquero, Malika Hamadi and Andréas Heinen

Interest‐Rate Pegs in New Keynesian Models pp. 939-965

George Evans and Bruce McGough

Effects of Monetary and Macroprudential Policies—Evidence from Four Inflation Targeting Economies pp. 967-992

Soyoung Kim and Aaron Mehrotra

Asset Pricing with a Bank Risk Factor pp. 993-1032

João Pedro Pereira and António Rua

Fixed‐Rate Mortgages, Labor Markets, and Efficiency pp. 1033-1072

Kangoh Lee

Money Creation: Tax or Public Liquidity? pp. 1073-1094

Pietro Reichlin

Volume 50, issue 4, 2018

Time‐Varying Capital Requirements and Disclosure Rules: Effects on Capitalization and Lending Decisions pp. 573-602

Bjorn Imbierowicz, Jonas Kragh and Jesper Rangvid

Uncertainty, Financial Frictions, and Nominal Rigidities: A Quantitative Investigation pp. 603-636

Ambrogio Cesa‐bianchi and Emilio Fernandez‐corugedo

Monetary Policy, Trend Inflation, and Unemployment Volatility pp. 637-673

Sergio Alves

Countercyclical Policy and the Speed of Recovery after Recessions pp. 675-704

Neville Francis, Laura Jackson Young and Michael Owyang

Welfare Consequences of Gradual Disinflation in Emerging Economies pp. 705-755

Enes Sunel

How Friedman and Schwartz Became Monetarists pp. 757-787

James R. Lothian and George Tavlas

Spending Reversals and Fiscal Multipliers under an Interest Rate Peg pp. 789-815

Rong Li and Xiaohui Tian

Reserve Requirements, Liquidity Risk, and Bank Lending Behavior pp. 817-827

Koray Alper, Mahir Binici, Selva Demiralp, Hakan Kara and Pınar Özbay Özlü

Volume 50, issue 2-3, 2018

Do Macroforecasters Herd? pp. 265-292

Michael Clements

The Government Spending Multiplier in a (Mis)Managed Liquidity Trap pp. 293-315

Jordan Roulleau‐pasdeloup

Cyclical Changes in Firm Volatility pp. 317-349

Emmanuel De Veirman and Andrew Levin

Time Aggregation and the Relationship between Inflation and Money Growth pp. 351-375

Janice Boucher Breuer, John McDermott and Warren E. Weber

Durable Goods, Investment Shocks, and the Comovement Problem pp. 377-406

Been-Lon Chen and Shian-Yu Liao

High‐Cost Credit and Consumption Smoothing pp. 407-433

Christine L. Dobridge

The Credit Channel at the Zero Lower Bound through the Lens of Equity Prices pp. 435-448

Wenbin Wu

Working Less and Bargain Hunting More: Macroimplications of Sales during Japan's Lost Decades pp. 449-478

Nao Sudo, Kozo Ueda, Kota Watanabe and Tsutomu Watanabe

Overaccumulation, Interest, and Prices pp. 479-511

Christopher Gunn

Greenspan's Conundrum and the Fed's Ability to Affect Long‐Term Yields pp. 513-543

Daniel Thornton

International Transmission Channels of U.S. Quantitative Easing: Evidence from Canada pp. 545-563

Tatjana Dahlhaus, Kristina Hess and Abeer Reza

Volume 50, issue 1, 2018

A New Model of Inflation, Trend Inflation, and Long‐Run Inflation Expectations pp. 5-53

Joshua Chan, Todd Clark and Gary Koop

Household Optimism and Overborrowing pp. 55-76

Ari Hyytinen and Hanna Putkuri

Intersectoral Labor Immobility, Sectoral Comovement, and News Shocks pp. 77-114

Munechika Katayama and Kwang Hwan Kim

Identifying the Stance of Monetary Policy at the Zero Lower Bound: A Markov‐Switching Estimation Exploiting Monetary‐Fiscal Policy Interdependence pp. 115-154

Manuel Gonzalez‐astudillo

Fiscal Multipliers at the Zero Lower Bound: The Role of Policy Inertia pp. 155-172

Timothy S. Hills and Taisuke Nakata

Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System pp. 173-201

Haelim Anderson, Charles W. Calomiris, Matthew Jaremski and Gary Richardson

The Bullionist Controversy: Theory and New Evidence pp. 203-241

Joshua Hendrickson

Raise Rates to Raise Inflation? Neo‐Fisherianism in the New Keynesian Model pp. 243-259

Julio Garín, Robert Lester and Eric Sims