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 2021-02-01 to 2025-02-01.)

Article	Citations
COVID-19 inflation weights in the UK and Germany	40
Fed and ECB monetary policy spillovers to Emerging Market Economies	28
Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance	21
Editorial Board	19
Heterogeneous expectations, indeterminacy, and postwar US business cycles	17
The impact of guidance, short-term dynamics and individual characteristics on firms’ long-term inflation expectations	16
Adaptive learning with heterogeneous expectations in an estimated medium-scale New Keynesian model	16
The effect of legislated tax changes on the trade balance: Empirical evidence for the United States, Germany, and the United Kingdom	14
What drives fluctuations of labor wedge and business cycles? Evidence from Japan	14
AI revolution and coordination failure: Theory and evidence	14
Editorial Board	14
Balanced-budget rules and macroeconomic stability with overlapping generations	13
Automation and the employment elasticity of fiscal policy	12
Quantifying the uncertainty of long-term macroeconomic projections	12
Macroeconomic impacts of remittances: A two-country, two-sector model	11
Monetary policy and reserve requirements with a zero-interest digital euro	10
Central bank independence, fiscal deficits and currency union: Lessons from Africa	10
The role of local currency pricing in the international transmission effects of a government spending shock in an economy with vertical production linkage and foreign direct investment	10
Consumer preferences, the demand for Divisia money, and the welfare costs of inflation	9
Temporal disaggregation of business dynamics: New evidence for U.S. economy	9
Who gets the flow? Financial globalisation and wealth inequality	9
Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins	9
Taxes and firm investment	8
The wage dispersion effects of international migration in the European Union	8
Growing through endogenous innovation cycles	8

The effects of monetary policy across fiscal regimes	7
Unemployment insurance, recalls, and experience rating	7
Monetary policy rules and the equity premium in a segmented markets model	7
The macroeconomic impact of radical right populist parties in government	7
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis	7
Fiscal policy, macroeconomic performance and industry structure in a small open economy	7
The effects of a money-financed fiscal stimulus under fiscal stress	7
Behind rising inequality and falling growth	7
Monetary policy in a Schumpeterian economy with endogenous fertility and human capital accumulation	7
Business cycle synchronization and African monetary union: A wavelet analysis	6
Business cycle in an oligopolistic economy with entry and exit	6
How does population aging affect the effectiveness of fiscal stimulus over the business cycle?	6
Dispersed consumption versus compressed output: Assessing the sectoral effects of a pandemic	6
Financial distress and fiscal inflation	6
Uninsured idiosyncratic risk and the government asset Laffer curve	6
Monetary and fiscal coordination in preventing bank failures and financial contagion	5
Improving estimates of job matching efficiency with different measures of unemployment	5
Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?	5
Unconditionally optimal Ramsey policy	5
Editorial Board	5
Editorial Board	5
Editorial Board	4
Sectoral spillovers across space and time	4
Editorial Board	4
Labor productivity forecasts based on a Beveridge–Nelson filter: Is there statistical evidence for a slowdown?	4
Upstream financial flows, intangible investment, and allocative efficiency	4
Business cycle asymmetries and the labor market	4
Time-varying capital intensities and the hump-shaped evolution of economic activity in manufacturing	4
Naïve agents with non-unitary discounting rate in a monetary economy	4
Wealth in the utility function, consumption subsidy, and long-run growth and welfare	4
Does automation technology increase wage?	4
Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions	4
Public sector employment and aggregate fluctuations	4
Political booms and currency crises	4
Age-specific entrepreneurship and PAYG: Public pensions in Germany	4
Does wealth inequality affect the transmission of monetary policy?	4
Yield curve and the macroeconomy: Evidence from a DSGE model with housing	4
What is on the ECB’s mind? Monetary policy before and after the global financial crisis	3
Fiscal stabilization rule	3
Do fiscal rules shape private-sector investment decisions?	3
On the macroeconomic effects of news about innovations of information technology	3
The Impact of Aging and Automation on the Macroeconomy and Inequality	3
Asymmetric monetary policy rules for the euro area and the US	3
Do central bank words matter in emerging markets? Evidence from Mexico	3
The case against eliminating large denomination bills	3
Productivity propagation with networks transformation	3
Redistributive policy and R&D-based growth	3
Guest editors’ introduction: Optimal monetary policy: Theory and practice	3
Trust in public institutions, inequality, and digital interaction: Empirical evidence from European Union countries	3
What growth policies protect the environment? A two-engine growth model	3

Government spending news and surprise shocks: It’s the timing and persistence	3
Demographic structure, knowledge diffusion, and endogenous productivity growth	3
Patent term extensions and commercialization lags in the pharmaceutical industry: A growth-theoretic analysis	3
Inflation targeting and the composition of public expenditure: Evidence from developing countries	3
Accounting for structural transformation in the U.S.	3
Taylor rules: Consequences for wealth and income inequality	3
Government expenditure and economic growth: A heterogeneous-agents approach	3
Inflation targeting and inflation communication of the Federal Reserve: Words and deeds	3
Laffer curves in emerging market economies: The role of informality	3
Migration, community networks and welfare in neoclassical growth models	3
Pre- and Post-Global Financial Crisis Policy Multipliers	3
Offshoring, computerization, labor market polarization and top income inequality	3
Policy Rules and Economic Performance	3
Ambiguous economic news and heterogeneity: What explains asymmetric consumption responses?	2
Sources of economic growth in models with non-renewable resources	2
Transportation capital and its effects on the U.S. economy: A general equilibrium approach	2
A cautionary note on linear aggregation in macroeconomic models under the RINCE preferences	2
The effects of monetary policy on consumption: Workers vs. retirees	2
Editorial Board	2
Balanced-budget fiscal rules and money growth pegging	2
“When it rains, it pours”: Fiscal policy, credit constraints and business cycles in emerging and developed economies	2
A political economy approach to endogenous industrial policies	2
Editorial Board	2
Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners	2
The limits of limitless debt	2
News-driven international credit cycles	2
Long-run scarring effects of meltdowns in a small-scale nonlinear quadratic model	2
Cryptocurrencies and Cagan’s model of hyperinflation	2
What's eating macro?	2
Seasonal temperature variability and economic cycles	2
Business cycle fluctuations in Taiwan — A Bayesian DSGE analysis	2
Endogenous wage indexation and aggregate shocks	2
The pace of fiscal consolidations, fiscal sustainability, and welfare: An overlapping generations approach	2
Subsistence consumption and natural resource depletion: Can resource-rich low-income countries realize sustainable consumption paths?	2
Private and public risk sharing across Italian regions	2
Wealth in utility, the Taylor principle and determinacy	2
How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg	2
Monetary policy and credit flows	2
The age for austerity? Population age structure and fiscal consolidation multipliers	2
The transmission of monetary policy shocks through the markets for reserves and money	2
Jobless recoveries and time variation in labor markets	2
The health gap and its effect on economic outcomes	2
Optimal Loan Loss Provisions and Welfare	2
Editorial Board	2
Editorial Board	2
Tax evasion policies and the demand for cash	2
Trends and cycles in CO2 emissions and incomes: Cross-country evidence on decoupling	2
Unconventional monetary policy, financial frictions, and the equity tandem	2