OOIR: Observatory of International Research

Papers

(The median citation count of Journal of Macroeconomics is 2. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2020-11-01 to 2024-11-01.)

Article	Citations
The impact of artificial intelligence on economic growth and welfare	40
Business exit during the COVID-19 pandemic: Non-traditional measures in historical context	28
Inflation, oil price volatility and monetary policy	27
A central bank digital currency in a heterogeneous monetary union: Managing the effects on the bank lending channel	21
Revisiting the inflation perception conundrum	16
The macroeconomic costs of conflict	16
Macroeconomic uncertainty shocks and households’ consumption choice	16
Labor productivity and technology heterogeneity	15
Unconventional monetary policy announcements and information shocks in the U.S.	14
The impact of providing information about the ECB’s instruments on inflation expectations and trust in the ECB: Experimental evidence	14
Central bank independence, fiscal deficits and currency union: Lessons from Africa	14
Forecasting recessions: the importance of the financial cycle	14
Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance	14
The shape of recovery: Implications of past experience for the duration of the COVID-19 recession	13
How does population aging affect the effectiveness of fiscal stimulus over the business cycle?	12
Pre- and Post-Global Financial Crisis Policy Multipliers	11
Fiscal policy, macroeconomic performance and industry structure in a small open economy	10
What is on the ECB’s mind? Monetary policy before and after the global financial crisis	10
Medical innovation and its diffusion: Implications for economic performance and welfare	10
Bank lending and interest on excess reserves: An empirical investigation	9
The Impact of Aging and Automation on the Macroeconomy and Inequality	9
The Cost of Foreign Exchange Intervention: Concepts and Measurement	9
This time truly is different: The cyclical behaviour of fiscal policy during the Covid-19 crisis	9
Capital-skill complementarity and biased technical change across US sectors	9
Loss-of-learning and the post-Covid recovery in low-income countries	9

Inflation targeting and the composition of public expenditure: Evidence from developing countries	8
Fed and ECB monetary policy spillovers to Emerging Market Economies	8
Cryptocurrencies and Cagan’s model of hyperinflation	8
Shifting from pay-as-you-go to individual retirement accounts: A path to a sustainable pension system	8
The tale of two international phenomena: Migration and global imbalances	8
Public investment, national debt, and economic growth: The role of debt finance under dynamic inefficiency	7
Transportation capital and its effects on the U.S. economy: A general equilibrium approach	7
Income inequality measures and economic growth channels	7
Tax evasion policies and the demand for cash	7
Does automation technology increase wage?	7
Was India’s demonetization redistributive? Insights from satellites and surveys	7
Uncertainty shocks, precautionary pricing, and optimal monetary policy	7
Asymmetric monetary policy rules for the euro area and the US	7
Financial market effects of FOMC projections	7
Trends and cycles in CO2 emissions and incomes: Cross-country evidence on decoupling	6
Dispersed consumption versus compressed output: Assessing the sectoral effects of a pandemic	6
Measuring the size and dynamics of U.S. state-level shadow economies using a dynamic general equilibrium model with trends	6
Gender discrimination, inflation, and the business cycle	6
Asymmetric effects of uncertainty shocks: Normal times and financial disruptions are different	6
Government expenditure and economic growth: A heterogeneous-agents approach	6
Are monetary policy shocks causal to bank health? Evidence from the euro area	5
The age for austerity? Population age structure and fiscal consolidation multipliers	5
The rise of part-time employment in the great recession: Its causes and macroeconomic effects	5
Access to infrastructure and women’s time allocation: Implications for growth and gender equality	5
Offshoring, computerization, labor market polarization and top income inequality	5
Monetary policy and credit flows	5
Learning, parameter variability, and swings in US macroeconomic dynamics	5
(In)Effective tax enforcement and demand for cash	4
Monetary policy strategies in the New Normal: A model-based analysis for the euro area	4
Can variable elasticity of substitution explain changes in labor shares?	4
“When it rains, it pours”: Fiscal policy, credit constraints and business cycles in emerging and developed economies	4
Migration, community networks and welfare in neoclassical growth models	4
On the welfare cost of business cycles: The role of labor-market heterogeneity	4
Classification of monetary and fiscal dominance regimes using machine learning techniques	4
Optimal monetary–fiscal policy in the euro area liquidity crisis	4
The case against eliminating large denomination bills	4
Monetary and fiscal coordination in preventing bank failures and financial contagion	4
Exchange rate predictability with nine alternative models for BRICS countries	4
American business cycles 1889–1913: An accounting approach	4
Real estate and relative risk aversion with generalized recursive preferences	4
Government spending news and surprise shocks: It’s the timing and persistence	4
Heterogeneous expectations, indeterminacy, and postwar US business cycles	4
Time-of-day and day-of-week variations in Amazon Mechanical Turk survey responses	3
Fiscal stabilization in high-debt economies without monetary independence	3
How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg	3
Accounting for structural transformation in the U.S.	3
Demographic structure, knowledge diffusion, and endogenous productivity growth	3
Monetary policy rules and the equity premium in a segmented markets model	3
Growing through endogenous innovation cycles	3
The impact of guidance, short-term dynamics and individual characteristics on firms’ long-term inflation expectations	3

Original sin: Fiscal rules and government debt in foreign currency in developing countries	3
Information spillovers of US monetary policy	3
Global models for a global pandemic: The impact of COVID-19 on small euro area economies	3
Taylor rules: Consequences for wealth and income inequality	3
Upstream financial flows, intangible investment, and allocative efficiency	3
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis	3
Taxes and firm investment	3
COVID-19 inflation weights in the UK and Germany	3
Policy coordination and the effectiveness of fiscal stimulus	3
Misallocation of talent, teachers’ human capital, and development in Brazil	3
Generational conflict and education politics: Implications for growth and welfare	3
Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners	3
The pace of fiscal consolidations, fiscal sustainability, and welfare: An overlapping generations approach	3
Does wealth inequality affect the transmission of monetary policy?	3
Behind rising inequality and falling growth	3
Consumer preferences, the demand for Divisia money, and the welfare costs of inflation	3
Business cycle asymmetries and the labor market	2
Behavioral New Keynesian Models: An empirical assessment	2
Inflation targeting and inflation communication of the Federal Reserve: Words and deeds	2
On the marginal excess burden of taxation in an overlapping generations model	2
Macroeconomic impacts of remittances: A two-country, two-sector model	2
Data deepening and nonbalanced economic growth	2
Delayed retirement policy and unemployment rates	2
Macroeconomic effects of government spending shocks: New narrative evidence from Canada	2
The medium-run Phillips curve: A time–frequency investigation for the UK	2
Can learning explain boom-bust cycles in asset prices? An application to the US housing boom	2
Trust in public institutions, inequality, and digital interaction: Empirical evidence from European Union countries	2
Patent term extensions and commercialization lags in the pharmaceutical industry: A growth-theoretic analysis	2
Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions	2
Political booms and currency crises	2
On the welfare implications of nominal GDP targeting	2
The wage dispersion effects of international migration in the European Union	2
Rent-seeking government and endogenous takeoff in a Schumpeterian economy	2
Balanced-budget rules and macroeconomic stability with overlapping generations	2
Currency returns and downside risk: Debt, volatility, and the gap from benchmark values	2
FDI flows and sudden stops in small open economies	2
The role of macroeconomic and policy uncertainty in density forecast dispersion	2
Staggered wages, unanticipated shocks and firms’ adjustments	2
A political economy approach to endogenous industrial policies	2
Long-run scarring effects of meltdowns in a small-scale nonlinear quadratic model	2
Business cycle synchronization and African monetary union: A wavelet analysis	2
Time-varying capital intensities and the hump-shaped evolution of economic activity in manufacturing	2
Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data	2
Improving estimates of job matching efficiency with different measures of unemployment	2
Forward guidance matters: Disentangling monetary policy shocks	2
Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins	2
Sovereign Risk, Public Investment and the Fiscal Policy Stance	2
Informal employment and business cycles in emerging market economies	2
Imperfect credibility, sticky wages, and welfare	2
The link between the federal funds rate and banking system distress: An empirical investigation	2
Private and public risk sharing across Italian regions	2
Do fiscal rules shape private-sector investment decisions?	2
Sources of economic growth in models with non-renewable resources	2
On the macroeconomic effects of news about innovations of information technology	2