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 2021-12-01 to 2025-12-01.)

Article	Citations
Borrowing constraints, financial frictions, misallocation and GDP per worker	45
Monetary policy rules and the equity premium in a segmented markets model	38
Automation and the employment elasticity of fiscal policy	21
Does monetary policy impact innovation? Evidence from Australian Administrative Data	20
Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins	20
The effects of a money-financed fiscal stimulus under fiscal stress	17
Sectoral spillovers across space and time	16
Wealth in the utility function, consumption subsidy, and long-run growth and welfare	16
Upstream financial flows, intangible investment, and allocative efficiency	16
Political booms and currency crises	16
Saving behavior and the intergenerational allocation of leisure time	15
Accounting for structural transformation in the U.S.	13
Do central bank words matter in emerging markets? Evidence from Mexico	13
Taylor rules: Consequences for wealth and income inequality	13
Do fiscal rules shape private-sector investment decisions?	12
Redistributive policy and R&D-based growth	12
Traditional output dynamics: A structural perspective	11
Efficiency wages, consumption inequality and self-fulfilling business cycles	11
Gender discrimination, inflation, and the business cycle	10
Wealth in utility, the Taylor principle and determinacy	10
Monetary policy and credit flows	10
Economic uncertainty, households’ credit situations, and higher education	10
Staggered wages, unanticipated shocks and firms’ adjustments	10
Central bank objectives, monetary policy rules, and limited information	10
Unconventional monetary policy, financial frictions, and the equity tandem	9

Private and public risk sharing across Italian regions	9
A cautionary note on linear aggregation in macroeconomic models under the RINCE preferences	9
Exchange rate dynamics and consumption of traded goods	8
On the welfare costs of business cycles: Beyond nondurable goods	8
Fiscal stabilization in high-debt economies without monetary independence	8
Was India’s demonetization redistributive? Insights from satellites and surveys	8
Informal employment and business cycles in emerging market economies	8
Capital account liberalization, production heterogeneity, and belief-driven fluctuations in financial-constrained economies	8
Editorial Board	8
Policy coordination and the effectiveness of fiscal stimulus	7
Balanced-budget rules and macroeconomic stability with overlapping generations	7
Behind rising inequality and falling growth	7
Rising allowances, rising rates — Can growth arise through business income tax reform despite government debt limit?	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
What goes around comes around: The US climate-economic cycle	7
On the welfare cost of business cycles: The role of labor-market heterogeneity	7
Learning from news	7
Monetary policy in a Schumpeterian economy with endogenous fertility and human capital accumulation	7
Do more frequent price adjustments guarantee less effective monetary stimulus when uncertainty rises?	6
The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis	6
Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions	6
Fiscal policy, macroeconomic performance and industry structure in a small open economy	6
Government spending news and surprise shocks: It’s the timing and persistence	6
Monetary policy and reserve requirements with a zero-interest digital euro	6
On the macroeconomic effects of news about innovations of information technology	5
A political economy approach to endogenous industrial policies	5
Editorial Board	5
The transmission of monetary policy shocks through the markets for reserves and money	5
Business cycle fluctuations in Taiwan — A Bayesian DSGE analysis	5
Sources of economic growth in models with non-renewable resources	5
Macroeconomic effects of government spending shocks: New narrative evidence from Canada	5
What growth policies protect the environment? A two-engine growth model	5
Child survival and contraception choice: Theory and evidence	5
Editorial Board	5
Editorial Board	4
Forward inflation expectations: Evidence from inflation caps and floors	4
Are monetary policy shocks causal to bank health? Evidence from the euro area	4
Income inequality measures and economic growth channels	4
Impact of infectious disease pandemics on individual lifetime consumption: An endogenous time preference approach	4
The impact of providing information about the ECB’s instruments on inflation expectations and trust in the ECB: Experimental evidence	4
Identifying monetary policy shocks through external constraints	4
Inflation and entry costs in a monetary search model	4
Growing through endogenous innovation cycles	4
Consumption responses to inheritances: The role of durable goods	4
Editorial Board	4
Misallocation of talent, teachers’ human capital, and development in Brazil	4
Monetary policy under fiscal stress: A forward-looking analysis of fiscal dominance	4
Editorial Board	4
Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data	4

Unemployment insurance, recalls, and experience rating	4
Risk aversion and longevity in an overlapping generations model	4
Time-varying interactions between monetary and housing credit policy	4
Heterogeneity in sectoral price and quantity responses to shocks to monetary policy	4
Delayed retirement policy and unemployment rates	4
Unveiling the impact of income taxes on inequality in a HACT model	4
Behavioral New Keynesian Models: An empirical assessment	4
Efficiency of short-time work schemes and the role of monetary policy	4
Was pandemic fiscal relief effective fiscal stimulus? Evidence from aid to state and local governments	3
Labour market rigidity and expansionary austerity	3
Business exit during the COVID-19 pandemic: Non-traditional measures in historical context	3
Optimal monetary–fiscal policy in the euro area liquidity crisis	3
Monetary regimes and regional economies: A counterfactual perspective from two euro opt-outs	3
Do the Hamilton and Beveridge–Nelson filters provide the same information about output gaps? An empirical comparison for practitioners	3
Monetary and fiscal coordination in preventing bank failures and financial contagion	3
Age-specific entrepreneurship and PAYG: Public pensions in Germany	3
Downward wage rigidity and asymmetric effects of monetary policy	3
What caused the post-pandemic inflation in France? An analysis using the Bernanke–Blanchard model	3
Quantitative analysis of a wealth tax for the United States: Exclusions and expenditures	3
How can financial constraints force a central bank to exit a currency peg? An application to the Swiss franc peg	3
Jobless recoveries and time variation in labor markets	3
Inflation targeting and inflation communication of the Federal Reserve: Words and deeds	3
Macroeconomic impacts of remittances: A two-country, two-sector model	3
Intensive and extensive margins of labor adjustment with non-regular employment	3
Are regional fiscal multipliers on EU structural and investment fund spending large? A reassessment of the evidence	3
Exchange rate predictability with nine alternative models for BRICS countries	3
Can fiscal rules improve banking system stability in developing countries?	3
The partisanship of a central banker	3
Tax evasion policies and the demand for cash	3
Asymmetric monetary policy rules for the euro area and the US	3
Financial distress and fiscal inflation	3
Seasonal temperature variability and economic cycles	3
Leading patent breadth, endogenous quality choice, and economic growth	2
Editorial Board	2
AI revolution and coordination failure: Theory and evidence	2
Migration, community networks and welfare in neoclassical growth models	2
Does automation technology increase wage?	2
Fed and ECB monetary policy spillovers to Emerging Market Economies	2
Editorial Board	2
Bilateral output synchronization in a globalized world: A macroeconomic evaluation of the third-country effect	2
Optimal robust monetary and fiscal policy under uncertainty on the lower bound	2
Monetary policy, fiscal policy and cross signal jamming	2
Asserting independence: Optimal monetary policy when the central bank and political authority disagree	2
The wage dispersion effects of international migration in the European Union	2
Business cycle asymmetries and the labor market	2
Business cycle synchronization and African monetary union: A wavelet analysis	2
Can you improve upon the GDP forecasts of professional forecasters using information about monetary policy?	2
The effect of legislated tax changes on the trade balance: Empirical evidence for the United States, Germany, and the United Kingdom	2
Demand, wealth inequality and the business cycle	2
On the marginal excess burden of taxation in an overlapping generations model	2
Editorial Board	2
Computerizing households and the role of technology shocks in consumer durables	2
Large firms and the cyclicality of US labour productivity	2
Public investment multipliers and the role of efficiency: new evidence for emerging markets	2
Public sector employment and aggregate fluctuations	2
Time-varying capital intensities and the hump-shaped evolution of economic activity in manufacturing	2
Adaptive learning with heterogeneous expectations in an estimated medium-scale New Keynesian model	2
Taxes and firm investment	2
The multifaceted effect of monetary policy on U.S. credit aggregates	2