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 2021-05-01 to 2025-05-01.)

Article	Citations
Monetary policy rules and the equity premium in a segmented markets model	61
The effects of a money-financed fiscal stimulus under fiscal stress	34
Borrowing constraints, financial frictions, misallocation and GDP per worker	29
Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins	23
Central bank independence, fiscal deficits and currency union: Lessons from Africa	21
Automation and the employment elasticity of fiscal policy	21
Unconditionally optimal Ramsey policy	18
Sectoral spillovers across space and time	18
Dispersed consumption versus compressed output: Assessing the sectoral effects of a pandemic	14
Business cycle in an oligopolistic economy with entry and exit	13
Labor productivity forecasts based on a Beveridge–Nelson filter: Is there statistical evidence for a slowdown?	12
Upstream financial flows, intangible investment, and allocative efficiency	12
Wealth in the utility function, consumption subsidy, and long-run growth and welfare	12
Do fiscal rules shape private-sector investment decisions?	12
Political booms and currency crises	12
How does population aging affect the effectiveness of fiscal stimulus over the business cycle?	12
Redistributive policy and R&D-based growth	11
Taylor rules: Consequences for wealth and income inequality	11
Do central bank words matter in emerging markets? Evidence from Mexico	10
A cautionary note on linear aggregation in macroeconomic models under the RINCE preferences	10
Accounting for structural transformation in the U.S.	10
Staggered wages, unanticipated shocks and firms’ adjustments	10
Private and public risk sharing across Italian regions	9
Unconventional monetary policy, financial frictions, and the equity tandem	9
Gender discrimination, inflation, and the business cycle	9

Wealth in utility, the Taylor principle and determinacy	8
Asymmetric effects of uncertainty shocks: Normal times and financial disruptions are different	8
Traditional output dynamics: A structural perspective	8
Economic uncertainty, households’ credit situations, and higher education	8
Central bank objectives, monetary policy rules, and limited information	8
Monetary policy and credit flows	8
The international real business cycle when demand matters	7
Exchange rate dynamics and consumption of traded goods	7
Fiscal stabilization in high-debt economies without monetary independence	7
The impact of artificial intelligence on economic growth and welfare	7
Informal employment and business cycles in emerging market economies	7
Was India’s demonetization redistributive? Insights from satellites and surveys	7
On the welfare costs of business cycles: Beyond nondurable goods	7
Currency returns and downside risk: Debt, volatility, and the gap from benchmark values	7
Time-of-day and day-of-week variations in Amazon Mechanical Turk survey responses	6
Labor productivity and technology heterogeneity	6
Balanced-budget rules and macroeconomic stability with overlapping generations	6
Rising allowances, rising rates — Can growth arise through business income tax reform despite government debt limit?	6
On the welfare cost of business cycles: The role of labor-market heterogeneity	6
Monetary policy in a Schumpeterian economy with endogenous fertility and human capital accumulation	6
Policy coordination and the effectiveness of fiscal stimulus	6
Heterogeneous expectations, indeterminacy, and postwar US business cycles	6
Behind rising inequality and falling growth	6
Sources of economic growth in models with non-renewable resources	5
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis	5
On the macroeconomic effects of news about innovations of information technology	5
Transportation capital and its effects on the U.S. economy: A general equilibrium approach	5
Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?	5
Monetary policy and reserve requirements with a zero-interest digital euro	5
Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions	5
What growth policies protect the environment? A two-engine growth model	5
Fiscal policy, macroeconomic performance and industry structure in a small open economy	5
Government spending news and surprise shocks: It’s the timing and persistence	5
Offshoring, computerization, labor market polarization and top income inequality	4
The transmission of monetary policy shocks through the markets for reserves and money	4
What is on the ECB’s mind? Monetary policy before and after the global financial crisis	4
Unveiling the impact of income taxes on inequality in a HACT model	4
Heterogeneity in sectoral price and quantity responses to shocks to monetary policy	4
Consumption responses to inheritances: The role of durable goods	4
Business cycle fluctuations in Taiwan — A Bayesian DSGE analysis	4
“When it rains, it pours”: Fiscal policy, credit constraints and business cycles in emerging and developed economies	4
Editorial Board	4
Real estate and relative risk aversion with generalized recursive preferences	4
Misallocation of talent, teachers’ human capital, and development in Brazil	4
Macroeconomic effects of government spending shocks: New narrative evidence from Canada	4
A political economy approach to endogenous industrial policies	4
Child survival and contraception choice: Theory and evidence	4
Forward inflation expectations: Evidence from inflation caps and floors	4
Editorial Board	4
Uncertainty shocks, precautionary pricing, and optimal monetary policy	4

Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners	3
Efficiency of short-time work schemes and the role of monetary policy	3
Editorial Board	3
Are monetary policy shocks causal to bank health? Evidence from the euro area	3
Age-specific entrepreneurship and PAYG: Public pensions in Germany	3
Unemployment insurance, recalls, and experience rating	3
Editorial Board	3
Seasonal temperature variability and economic cycles	3
The impact of providing information about the ECB’s instruments on inflation expectations and trust in the ECB: Experimental evidence	3
Jobless recoveries and time variation in labor markets	3
Behavioral New Keynesian Models: An empirical assessment	3
Financial distress and fiscal inflation	3
Impact of infectious disease pandemics on individual lifetime consumption: An endogenous time preference approach	3
Editorial Board	3
Delayed retirement policy and unemployment rates	3
Growing through endogenous innovation cycles	3
Tax evasion policies and the demand for cash	3
The macroeconomic costs of conflict	3
Inflation targeting and inflation communication of the Federal Reserve: Words and deeds	3
Risk aversion and longevity in an overlapping generations model	3
Monetary and fiscal coordination in preventing bank failures and financial contagion	3
Income inequality measures and economic growth channels	3
Macroeconomic impacts of remittances: A two-country, two-sector model	3
Inflation and entry costs in a monetary search model	3
Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data	3
Stabilizing Taylor rules and determinacy under unit root supply shocks: A re-examination	2
Asymmetric monetary policy rules for the euro area and the US	2
The partisanship of a central banker	2
Editorial Board	2
Monetary policy, fiscal policy and cross signal jamming	2
Exchange rate predictability with nine alternative models for BRICS countries	2
On the marginal excess burden of taxation in an overlapping generations model	2
The shape of recovery: Implications of past experience for the duration of the COVID-19 recession	2
Macroeconomic uncertainty shocks and households’ consumption choice	2
Revisiting the process of aggregate growth recovery after a capital destruction	2
Optimal monetary–fiscal policy in the euro area liquidity crisis	2
Bank lending and interest on excess reserves: An empirical investigation	2
Editorial Board	2
Optimal robust monetary and fiscal policy under uncertainty on the lower bound	2
Taxes and firm investment	2
Labour market rigidity and expansionary austerity	2
Downward wage rigidity and asymmetric effects of monetary policy	2
How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg	2
Quantitative analysis of a wealth tax for the United States: Exclusions and expenditures	2
Business exit during the COVID-19 pandemic: Non-traditional measures in historical context	2
Computerizing households and the role of technology shocks in consumer durables	2
Large firms and the cyclicality of US labour productivity	2