Journal of Macroeconomics

Article	Citations
The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?	54
The impact of artificial intelligence on economic growth and welfare	27
Inflation, oil price volatility and monetary policy	24
Fiscal policy uncertainty and the business cycle: Time series evidence from Italy	22
Estimating the marginal propensity to consume using the distributions of income, consumption, and wealth	21
To lockdown? When to peak? Will there be an end? A macroeconomic analysis on COVID-19 epidemic in the United States	20
Business exit during the COVID-19 pandemic: Non-traditional measures in historical context	19
Do natural disasters affect monetary policy? A quasi-experiment of earthquakes	15
A central bank digital currency in a heterogeneous monetary union: Managing the effects on the bank lending channel	13
Can fiscal rules improve financial market access for developing countries?	13
Labor productivity and technology heterogeneity	13
Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance	12
The shape of recovery: Implications of past experience for the duration of the COVID-19 recession	11
Unconventional monetary policy announcements and information shocks in the U.S.	11
The macroeconomic costs of conflict	11
Unconventional monetary policy in the Euro Area: Shadow rate and light effets	11
Forecasting recessions: the importance of the financial cycle	10
How does population aging affect the effectiveness of fiscal stimulus over the business cycle?	10
Revisiting the inflation perception conundrum	10
Central bank independence, fiscal deficits and currency union: Lessons from Africa	10
The impact of providing information about the ECB’s instruments on inflation expectations and trust in the ECB: Experimental evidence	10
Medical innovation and its diffusion: Implications for economic performance and welfare	10
Macroeconomic uncertainty shocks and households’ consumption choice	9
What is on the ECB’s mind? Monetary policy before and after the global financial crisis	9
The Cost of Foreign Exchange Intervention: Concepts and Measurement	9

Bank lending and interest on excess reserves: An empirical investigation	8
Recent monetary policy and the credit card-augmented Divisia monetary aggregates	8
Income inequality measures and economic growth channels	7
Pre- and Post-Global Financial Crisis Policy Multipliers	7
Shifting from pay-as-you-go to individual retirement accounts: A path to a sustainable pension system	7
Asset Bubbles, Unemployment, and a Financial Crisis	7
The Impact of Aging and Automation on the Macroeconomy and Inequality	7
This time truly is different: The cyclical behaviour of fiscal policy during the Covid-19 crisis	7
A look at jobless recoveries in G7 countries	7
Inequality-growth nexus under progressive income taxation	6
Inflation targeting and the composition of public expenditure: Evidence from developing countries	6
The tale of two international phenomena: Migration and global imbalances	6
Financial market effects of FOMC projections	6
Cryptocurrencies and Cagan’s model of hyperinflation	6
Asymmetric effects of uncertainty shocks: Normal times and financial disruptions are different	6
Dispersed consumption versus compressed output: Assessing the sectoral effects of a pandemic	6
Capital-skill complementarity and biased technical change across US sectors	5
Uncertainty shocks, precautionary pricing, and optimal monetary policy	5
Asymmetric monetary policy rules for the euro area and the US	5
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
Transportation capital and its effects on the U.S. economy: A general equilibrium approach	5
Was India’s demonetization redistributive? Insights from satellites and surveys	5
Learning, parameter variability, and swings in US macroeconomic dynamics	5
The rise of part-time employment in the great recession: Its causes and macroeconomic effects	5
Tax evasion policies and the demand for cash	4
The case against eliminating large denomination bills	4
Adding space to the international business cycle	4
(In)Effective tax enforcement and demand for cash	4
Monetary policy and credit flows	4
Offshoring, computerization, labor market polarization and top income inequality	4
Does automation technology increase wage?	4
Heterogeneous expectations, indeterminacy, and postwar US business cycles	4
Measuring the size and dynamics of U.S. state-level shadow economies using a dynamic general equilibrium model with trends	4
Capital controls and welfare with cross-border bank capital flows	4
Government expenditure and economic growth: A heterogeneous-agents approach	4
Optimal Privatization and Economic Growth in a Schumpeterian Economy	4
Fed and ECB monetary policy spillovers to Emerging Market Economies	4
Trends and cycles in CO2 emissions and incomes: Cross-country evidence on decoupling	4
Monetary policy strategies in the New Normal: A model-based analysis for the euro area	3
Gender discrimination, inflation, and the business cycle	3
Accounting for structural transformation in the U.S.	3
Government spending news and surprise shocks: It’s the timing and persistence	3
Loss-of-learning and the post-Covid recovery in low-income countries	3
Optimal monetary–fiscal policy in the euro area liquidity crisis	3
“When it rains, it pours”: Fiscal policy, credit constraints and business cycles in emerging and developed economies	3
The impact of guidance, short-term dynamics and individual characteristics on firms’ long-term inflation expectations	3
Time-of-day and day-of-week variations in Amazon Mechanical Turk survey responses	3
Real estate and relative risk aversion with generalized recursive preferences	3
Taylor rules: Consequences for wealth and income inequality	3

Sectoral inflation persistence and optimal monetary policy	3
Growing through endogenous innovation cycles	3
Time-varying capital intensities and the hump-shaped evolution of economic activity in manufacturing	2
On the welfare implications of nominal GDP targeting	2
Fiscal policy, macroeconomic performance and industry structure in a small open economy	2
Rent-seeking government and endogenous takeoff in a Schumpeterian economy	2
Balanced-budget rules and macroeconomic stability with overlapping generations	2
Monetary policy rules and the equity premium in a segmented markets model	2
American business cycles 1889–1913: An accounting approach	2
Informal employment and business cycles in emerging market economies	2
Access to infrastructure and women’s time allocation: Implications for growth and gender equality	2
Can learning explain boom-bust cycles in asset prices? An application to the US housing boom	2
The pace of fiscal consolidations, fiscal sustainability, and welfare: An overlapping generations approach	2
On the macroeconomic effects of news about innovations of information technology	2
Business cycle asymmetries and the labor market	2
Political booms and currency crises	2
Credit policy and asset price bubbles	2
Taxes and firm investment	2
Sovereign Risk, Public Investment and the Fiscal Policy Stance	2
How economic crises damage potential output – Evidence from the Great Recession	2
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis	2
Generational conflict and education politics: Implications for growth and welfare	2
Public investment, national debt, and economic growth: The role of debt finance under dynamic inefficiency	2
Unemployment flows, participation, and the natural rate of unemployment: Evidence from turkey	2
Patent term extensions and commercialization lags in the pharmaceutical industry: A growth-theoretic analysis	2
Monetary and fiscal coordination in preventing bank failures and financial contagion	2
Upstream financial flows, intangible investment, and allocative efficiency	2
Data deepening and nonbalanced economic growth	2
Income Taxation Rules and Stability of a Small Open Economy	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
Is the Taylor principle still valid when rates are low?	2
Classification of monetary and fiscal dominance regimes using machine learning techniques	2
Radial basis functions neural networks for nonlinear time series analysis and time-varying effects of supply shocks	2
How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg	2
The role of macroeconomic and policy uncertainty in density forecast dispersion	2
Long-run scarring effects of meltdowns in a small-scale nonlinear quadratic model	2
Does wealth inequality affect the transmission of monetary policy?	2
Migration, community networks and welfare in neoclassical growth models	2
Variable mismeasurement in a class of DSGE models: Comment	1
Private and public risk sharing across Italian regions	1
Price-setting and economic slack: Evidence from firm-level survey data	1
Search, shirking and labor market volatility	1
Imperfect credibility, sticky wages, and welfare	1
A political economy approach to endogenous industrial policies	1
Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data	1
Optimal Loan Loss Provisions and Welfare	1
Financial frictions and changing macroeconomic volatility	1
Sources of economic growth in models with non-renewable resources	1
Fiscal stabilization in high-debt economies without monetary independence	1
Business cycle synchronization and African monetary union: A wavelet analysis	1
Time-varying uncertainty and variance risk premium	1
Uninsured idiosyncratic risk and the government asset Laffer curve	1
Gender differences in the volatility of work hours and labor demand	1
Striking a balance: Optimal tax policy with labor market duality	1
Currency returns and downside risk: Debt, volatility, and the gap from benchmark values	1
What drives fluctuations of labor wedge and business cycles? Evidence from Japan	1
Temporal disaggregation of business dynamics: New evidence for U.S. economy	1
Congestion in a public health service: A macro approach	1
Adaptive learning with heterogeneous expectations in an estimated medium-scale New Keynesian model	1
The influence of learning and price-level targeting on central bank forward guidance	1
Risk Shocks and Credit Spreads	1
The medium-run Phillips curve: A time–frequency investigation for the UK	1
News-driven international credit cycles	1
Endogenous wage indexation and aggregate shocks	1
Behavioral New Keynesian Models: An empirical assessment	1
Inflation-output trade-off: Old measures, new determinants?	1
Unconventional monetary policy and household debt: The role of cash-flow effects	1
Inflation targeting and inflation communication of the Federal Reserve: Words and deeds	1
Stabilizing Taylor rules and determinacy under unit root supply shocks: A re-examination	1
Demographic structure, knowledge diffusion, and endogenous productivity growth	1
Exchange rate predictability with nine alternative models for BRICS countries	1
Business cycle in an oligopolistic economy with entry and exit	1
Information spillovers of US monetary policy	1
Unconditionally optimal Ramsey policy	1
Can variable elasticity of substitution explain changes in labor shares?	1
Behind rising inequality and falling growth	1
Consumer preferences, the demand for Divisia money, and the welfare costs of inflation	1
A cautionary note on linear aggregation in macroeconomic models under the RINCE preferences	1
Quantifying the uncertainty of long-term macroeconomic projections	1

Revisiting the process of aggregate growth recovery after a capital destruction	1
Ambiguous economic news and heterogeneity: What explains asymmetric consumption responses?	1
Effects of U.S. Banking Deregulation on Unemployment Dynamics	1
Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners	1
On the welfare cost of business cycles: The role of labor-market heterogeneity	1
Policy Rules and Economic Performance	1
Forward guidance matters: Disentangling monetary policy shocks	1
Improving estimates of job matching efficiency with different measures of unemployment	1
Financial globalization and its consequences for productive government expenditure	1
Sectoral spillovers across space and time	1
Forward inflation expectations: Evidence from inflation caps and floors	1
Laffer curves in emerging market economies: The role of informality	1
Heterogeneity in sectoral price and quantity responses to shocks to monetary policy	1
COVID-19 inflation weights in the UK and Germany	1
Subsistence consumption and natural resource depletion: Can resource-rich low-income countries realize sustainable consumption paths?	1
The wage dispersion effects of international migration in the European Union	1