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 2021-09-01 to 2025-09-01.)

Article	Citations
Monetary policy rules and the equity premium in a segmented markets model	76
Borrowing constraints, financial frictions, misallocation and GDP per worker	39
Automation and the employment elasticity of fiscal policy	34
The effects of a money-financed fiscal stimulus under fiscal stress	19
Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins	17
Political booms and currency crises	15
Wealth in the utility function, consumption subsidy, and long-run growth and welfare	15
Unconditionally optimal Ramsey policy	15
Labor productivity forecasts based on a Beveridge–Nelson filter: Is there statistical evidence for a slowdown?	14
Upstream financial flows, intangible investment, and allocative efficiency	14
Sectoral spillovers across space and time	13
Do central bank words matter in emerging markets? Evidence from Mexico	13
Business cycle in an oligopolistic economy with entry and exit	13
Redistributive policy and R&D-based growth	12
Do fiscal rules shape private-sector investment decisions?	12
A cautionary note on linear aggregation in macroeconomic models under the RINCE preferences	11
Taylor rules: Consequences for wealth and income inequality	11
Unconventional monetary policy, financial frictions, and the equity tandem	11
Accounting for structural transformation in the U.S.	11
Economic uncertainty, households’ credit situations, and higher education	10
Monetary policy and credit flows	10
Traditional output dynamics: A structural perspective	10
Private and public risk sharing across Italian regions	9
Was India’s demonetization redistributive? Insights from satellites and surveys	9
Gender discrimination, inflation, and the business cycle	9

Wealth in utility, the Taylor principle and determinacy	9
Central bank objectives, monetary policy rules, and limited information	9
Staggered wages, unanticipated shocks and firms’ adjustments	9
Editorial Board	9
The impact of artificial intelligence on economic growth and welfare	8
Exchange rate dynamics and consumption of traded goods	8
Asymmetric effects of uncertainty shocks: Normal times and financial disruptions are different	8
Informal employment and business cycles in emerging market economies	8
On the welfare costs of business cycles: Beyond nondurable goods	7
Time-of-day and day-of-week variations in Amazon Mechanical Turk survey responses	7
The international real business cycle when demand matters	7
Fiscal stabilization in high-debt economies without monetary independence	7
Policy coordination and the effectiveness of fiscal stimulus	7
Learning from news	7
On the welfare cost of business cycles: The role of labor-market heterogeneity	7
What goes around comes around: The US climate-economic cycle	7
Balanced-budget rules and macroeconomic stability with overlapping generations	6
Behind rising inequality and falling growth	6
What growth policies protect the environment? A two-engine growth model	6
Monetary policy in a Schumpeterian economy with endogenous fertility and human capital accumulation	6
Monetary policy and reserve requirements with a zero-interest digital euro	6
On the macroeconomic effects of news about innovations of information technology	6
Rising allowances, rising rates — Can growth arise through business income tax reform despite government debt limit?	6
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis	6
Fiscal policy, macroeconomic performance and industry structure in a small open economy	6
Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions	6
The transmission of monetary policy shocks through the markets for reserves and money	5
Government spending news and surprise shocks: It’s the timing and persistence	5
Transportation capital and its effects on the U.S. economy: A general equilibrium approach	5
Editorial Board	5
Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?	5
A political economy approach to endogenous industrial policies	5
Business cycle fluctuations in Taiwan — A Bayesian DSGE analysis	5
“When it rains, it pours”: Fiscal policy, credit constraints and business cycles in emerging and developed economies	5
Offshoring, computerization, labor market polarization and top income inequality	5
Sources of economic growth in models with non-renewable resources	5
Macroeconomic effects of government spending shocks: New narrative evidence from Canada	5
Editorial Board	4
Impact of infectious disease pandemics on individual lifetime consumption: An endogenous time preference approach	4
Risk aversion and longevity in an overlapping generations model	4
Consumption responses to inheritances: The role of durable goods	4
Unveiling the impact of income taxes on inequality in a HACT model	4
Identifying monetary policy shocks through external constraints	4
Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data	4
Inflation and entry costs in a monetary search model	4
Unemployment insurance, recalls, and experience rating	4
Are monetary policy shocks causal to bank health? Evidence from the euro area	4
Heterogeneity in sectoral price and quantity responses to shocks to monetary policy	4
Child survival and contraception choice: Theory and evidence	4
Forward inflation expectations: Evidence from inflation caps and floors	4

Editorial Board	4
Behavioral New Keynesian Models: An empirical assessment	4
Growing through endogenous innovation cycles	4
Misallocation of talent, teachers’ human capital, and development in Brazil	4
Delayed retirement policy and unemployment rates	4
Editorial Board	4
Uncertainty shocks, precautionary pricing, and optimal monetary policy	4
Income inequality measures and economic growth channels	4
The impact of providing information about the ECB’s instruments on inflation expectations and trust in the ECB: Experimental evidence	4
Efficiency of short-time work schemes and the role of monetary policy	4
Macroeconomic impacts of remittances: A two-country, two-sector model	3
Inflation targeting and inflation communication of the Federal Reserve: Words and deeds	3
Monetary policy, fiscal policy and cross signal jamming	3
Exchange rate predictability with nine alternative models for BRICS countries	3
Are regional fiscal multipliers on EU structural and investment fund spending large? A reassessment of the evidence	3
Labour market rigidity and expansionary austerity	3
Tax evasion policies and the demand for cash	3
Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners	3
Age-specific entrepreneurship and PAYG: Public pensions in Germany	3
Jobless recoveries and time variation in labor markets	3
The shape of recovery: Implications of past experience for the duration of the COVID-19 recession	3
Quantitative analysis of a wealth tax for the United States: Exclusions and expenditures	3
The partisanship of a central banker	3
Editorial Board	3
Seasonal temperature variability and economic cycles	3
Financial distress and fiscal inflation	3
How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg	3
Downward wage rigidity and asymmetric effects of monetary policy	3
Optimal monetary–fiscal policy in the euro area liquidity crisis	3
Business exit during the COVID-19 pandemic: Non-traditional measures in historical context	3
What caused the post-pandemic inflation in France? An analysis using the Bernanke–Blanchard model	3
Bank lending and interest on excess reserves: An empirical investigation	3
Monetary regimes and regional economies: A counterfactual perspective from two euro opt-outs	3
Asymmetric monetary policy rules for the euro area and the US	3
Monetary and fiscal coordination in preventing bank failures and financial contagion	3
Optimal robust monetary and fiscal policy under uncertainty on the lower bound	2
On the marginal excess burden of taxation in an overlapping generations model	2
Large firms and the cyclicality of US labour productivity	2
Bilateral output synchronization in a globalized world: A macroeconomic evaluation of the third-country effect	2
Fed and ECB monetary policy spillovers to Emerging Market Economies	2
Business cycle asymmetries and the labor market	2
The effect of legislated tax changes on the trade balance: Empirical evidence for the United States, Germany, and the United Kingdom	2
The multifaceted effect of monetary policy on U.S. credit aggregates	2
Editorial Board	2
Taxes and firm investment	2
AI revolution and coordination failure: Theory and evidence	2
Adaptive learning with heterogeneous expectations in an estimated medium-scale New Keynesian model	2
Business cycle synchronization and African monetary union: A wavelet analysis	2
Leading patent breadth, endogenous quality choice, and economic growth	2
The wage dispersion effects of international migration in the European Union	2
Computerizing households and the role of technology shocks in consumer durables	2
Asserting independence: Optimal monetary policy when the central bank and political authority disagree	2
Demand, wealth inequality and the business cycle	2
Editorial Board	2