Journal of Monetary Economics

Article	Citations
Editorial Board	190
The collateral link between volatility and risk sharing	175
Shaping inequality and intergenerational persistence of poverty: Free college or better schools?	103
Expectation-driven boom-bust cycles	93
Rising earnings inequality and optimal income tax and social security policies	75
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey	69
Capital and income inequality: An aggregate-demand complementarity	67
The economic impact of recession announcements	58
Business cycle asymmetry and input-output structure: The role of firm-to-firm networks	57
Averaging impulse responses using prediction pools	55
Wealth Inequality and Endogenous Growth	53
More than words: Fed Chairs’ communication during congressional testimonies	51
Wealth inequality dynamics in europe and the united states: Understanding the determinants	49
Editorial Board	48
Discussion of “The dynamic effects of antitrust policy on growth and welfare”	48
Threats to central bank independence: High-frequency identification with twitter	48
Lessons from history for successful disinflation	45
Is a fiscal union optimal for a monetary union?	44
CBDC and the operational framework of monetary policy	41
How to limit the spillover from an inflation surge to inflation expectations?	40
Joint search over the life cycle	39
Editorial Board	39
Monetary policy surprises and their transmission through term premia and expected interest rates	38
The long and variable lags of monetary policy: Evidence from disaggregated price indices	38
Learning and the capital age premium	37

How does caste affect entrepreneurship? birth versus worth	37
Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix	33
Comment on “The long and variable lags of monetary policy: Evidence from disaggregated price indices” by S. Borağan Aruoba and Thomas Drechsel	33
Credit cards, credit utilization, and consumption	32
The economics of helicopter money	31
Comment on (Un)pleasant ... by Bond et al (2020)	30
Deep learning for solving dynamic economic models.	30
Haste makes waste? Quantity-based subsidies under heterogeneous innovations	29
Asset price beliefs and optimal monetary policy	28
Stress relief? Funding structures and resilience to the covid shock	28
Comments on “Regulation and security design in concentrated markets” by A. Babus and K. Hachem (2021)	27
Discussion of “Homeownership segregation”	27
Discussion of “Monetary policy, customer capital, and market power” by Morlacco and Zeke	27
Parameter learning in production economies	25
Revisiting the monetary transmission mechanism through an industry-level differential approach	25
Labor market effects of global supply chain disruptions	24
A theory of net capital flows over the global financial cycle	24
Bubbly firm dynamics and aggregate fluctuations	23
Credit risk and the transmission of interest rate shocks	23
Adverse selection and search congestion in over-the-counter markets	23
Subjective housing price expectations, falling natural rates, and the optimal inflation target	22
A new approach to integrating expectations into VAR models	21
Are IMF rescue packages effective? A synthetic control analysis of macroeconomic crises	20
Editorial Board	20
Asymmetric information and misaligned inflation expectations	20
The long-run redistributive effects of monetary policy	20
Local information and firm expectations about aggregates	19
Diminishing treasury convenience premiums: Effects of dealers’ excess demand and balance sheet constraints	19
Discussion of “The ‘Matthew effect’ and market concentration: Search complementarities and monopsony power” by Fernández-Villaverde, Mandelman, Yu and Zanetti	18
Information frictions among firms and households	18
Loan types and the bank lending channel	18
Demographics and the evolution of global imbalances	17
The unemployment–inflation trade-off revisited: The Phillips curve in COVID times	17
Editorial Board	17
Female entrepreneurship in the U.S. 1982–2012: Implications for welfare and aggregate output	16
Discussion of: “Central bank challenges posed by uncertain climate change and natural disasters” by Lars Peter Hansen	16
Comment on “On Wars, Sanctions, and Sovereign Default” by Javier Bianchi and César Sosa-Padilla	16
Comments on unequal growth	16
The unbearable lightness of equilibria in a low interest rate environment	15
The monetary financing of a large fiscal shock	15
Barriers to black entrepreneurship: Implications for welfare and aggregate output over time	15
Wealth shocks and portfolio choice	14
Globalization, structural change and international comovement	14
Comment on “Low Interest Rates and Risk Incentives for Banks with Market Power,” by Whited, Wu, and Xiao	14
All that glitters: A theory of multiple bubbles with implications for cryptocurrencies	14
Occupational reallocation within and across firms: Implications for labor market polarization	14
Let's face it: Quantifying the impact of nonverbal communication in FOMC press conferences	13
Unequal growth	13
The real effects of borrower-based macroprudential policy: Evidence from administrative household-level data	13
Bond market stimulus: Firm-level evidence	13

Employment and the residential collateral channel of monetary policy	13
Female entrepreneurship, financial frictions and capital misallocation in the US	13
Comment on trade wars and industrial policy competitions: understanding the U.S.-China economic conflicts	13
A model of risk sharing in a dual labor market	13
Consumer inflation expectations: Daily dynamics	13
Wage and earnings inequality between and within occupations: The role of labor supply	12
Inflation expectations and the ECB’s perceived inflation objective: Novel evidence from firm-level data	12
Editorial Board	12
Editorial Board	12
Tariff wars, unemployment, and top incomes	12
The macroeconomics of automation: Data, theory, and policy analysis	12
The liquidity channel of fiscal policy	12
International tax competition with rising intangible capital and financial globalization	12
Undisclosed material inflation risk	11
Editorial Board	11
A natural level of capital flows	11
Central banking challenges posed by uncertain climate change and natural disasters	11
Comment on: “Occupational reallocation within and across firms: Implications for labor-market polarization” By T. Mukoyama, N. Takayama, and S. Tanaka	11
The macroeconomic consequences of subsistence self-employment	11
The international spillovers of synchronous monetary tightening	11
What matters in households’ inflation expectations?	11
Sovereign risk and Dutch disease	11
Learning about labor markets	10
Quantitative easing with heterogeneous agents	10
An options-based impact study of the negative interest rate policy and forward guidance	10
The consumption expenditure response to unemployment: Evidence from Norwegian households	10
Investment externalities in models of fire sales	9
The alpha beta gamma of the labor market	9
Uncertainty, imperfect information, and expectation formation over the firm’s life cycle	9
Contagion in debt and collateral markets	9
Discussion of a North–South model of structural change and growth” by Aristizabal Ramirez, Leahy, and Tesar	9
Why have interest rates fallen far below the return on capital?	9
Editorial Board	9
Monetary policy and the persistent aggregate effects of wealth redistribution	9
Make-up strategies with finite planning horizons but infinitely forward-looking asset prices	9
The economic effects of firm-level uncertainty: Evidence using subjective expectations	9
Editorial Board	9
Understanding post-COVID inflation dynamics	8
Editorial Board	8
Long-lived employment effects of delays in emergency financing for small businesses	8
Does fiscal policy matter for stock-bond return correlation?	8
Optimal monetary policy and disclosure with an informationally-constrained central banker	8
Editorial Board	8
Information management in times of crisis	8
Price selection	8
Central bank communication with non-experts – A road to nowhere?	8
Comment on: “Optimal Taxation of Multinational Enterprises: A Ramsey Approach”, by Sebastian Dyrda, Guangbin Hong, and Joseph B. Steinberg	8
Government debt and risk premia	8
On wars, sanctions, and sovereign default	7
Cross-sectional financial conditions, business cycles and the lending channel	7
Taylor rule estimation by OLS	7
State dependence of fiscal multipliers: the source of fluctuations matters	7
Economic theories and macroeconomic reality	7
Comment on “central bank policy and the concentration of risk: Empirical estimates” by Nuno Coimbra, Daisoon Kim and Hélène Rey	7
Understanding the international rise and fall of inflation since 2020	7
Predicting the demand for central bank digital currency: A structural analysis with survey data	7
Will the AI revolution cause a great divergence?	7
A research program on monetary policy for Europe	7
The importance of technology in banking during a crisis	7
Unusual shocks in our usual models	7
Who bears the costs of inflation? Euro area households and the 2021–2023 shock	6
Duopolistic competition and monetary policy	6
Editorial Board	6
Inefficient international risk-sharing	6
Abrupt monetary policy change and unanchoring of inflation expectations	6
Wealth redistribution in bubbles and crashes	6
Comment on “Rigid production networks” by Pellet and Tahbaz-Salehi	6
Globalization, trade imbalances and inequality	6
Neural network learning for nonlinear economies	6
Trade and diffusion of embodied technology: an empirical analysis	6
A global perspective on post pandemic inflation and its retreat: Remarks prepared for NBER conference on “inflation in the COVID era”	6
Market segmentation and spending multipliers	6
A comment on: Globalization, trade imbalances and inequality	6
Relative-price changes as aggregate supply shocks revisited: Theory and evidence	6
Inflation at risk	6
Sinking ships: Liquidity constraints and return predictability in recessions	5
Fifty shades of QE: Comparing findings of central bankers and academics	5
JME Best Paper Prize 2020	5
Mortgage choice and inflation experiences in the Eurozone	5
Inflation disasters and consumption	5

A new approach to assess inflation expectations anchoring using strategic surveys	5
Comments on “Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight” by Woodford and Xie	5
The chronology of Brexit and UK monetary policy	5
Decrypting new age international capital flows	5
Euro area monetary policy effects. Does the shape of the yield curve matter?	5
Comment on: “International tax competition with rising intangible capital and financial globalization” by Vincenzo Quadrini and José-Victor Ríos-Rull	5
No firm is an island? How industry conditions shape firms’ expectations	5
Macroprudential policy with earnings-based borrowing constraints	5
A north-south model of structural change and growth	5
Rigid production networks	5
Comments on “Income differences and health disparities: Roles of preventive vs. curative medicine” by Serdar Ozkan	4
A model of retail banking and the deposits channel of monetary policy	4
Editorial Board	4
Editorial Board	4
Measuring monetary policy in the UK: The UK monetary policy event-study database	4
State-level economic policy uncertainty	4
What is the source of the intergenerational correlation in earnings?	4
Comments on “Wealth inequality dynamics in Europe and the United States: Understanding the determinants” by Blanchet and Martínez-Toledano	4
Heterogeneous job ladders	4
Editorial Board	4
Myopic fiscal objectives and long-Run monetary efficiency	4
Same actions, different effects: The conditionality of monetary policy instruments	3
Discussion of “Heterogeneous Job Ladders”	3
Monetary policy, firm heterogeneity, and the distribution of investment rates	3
Endogenous uncertainty and the macroeconomic impact of shocks to inflation expectations	3
Is there news in inventories?	3
Income differences and health disparities: Roles of preventive vs. curative medicine	3
Optimal trend inflation in an open economy	3
A plucking model of business cycles	3
How does the fed affect corporate credit costs? Default risk, creditor segmentation and the post-FOMC drift	3
The Credit Channel of Public Procurement	3
Credit constraints and firms’ decisions: Lessons from the COVID-19 outbreak	3
What is the source of the intergenerational correlation in earnings? A comment	3
Discussion of “cash: A blessing or a curse?”	3
Cyclicality of uncertainty and disagreement	3
The underemployment trap	3
Natural gas and the macroeconomy: Not all energy shocks are alike	3
Blended identification in structural VARs	3
Editorial Board	3
Editorial Board	2
Price setting on the two sides of the Atlantic - Evidence from supermarket scanner data	2
Wage employment, unemployment and self-employment across countries	2
Dynamic information aggregation: Learning from the past	2
Central Bank Policy and the concentration of risk: Empirical estimates	2
Monetary policy, customer capital, and market power	2
Earnings growth, job flows and churn	2
Discussion of “Concentration in international markets: Evidence from US imports” (Alessandra Bonfiglioli, Rosario Crino and Gino Gancia)	2
Optimal taxation of multinational enterprises: A Ramsey approach	2
The emergence of procyclical fertility: The role of breadwinner women	2
Style over substance? Advertising, innovation, and endogenous market structure	2
Comment on “The supply and demand for safe assets”	2
Do firm expectations respond to monetary policy announcements?	2
Money runs	2
Forecast revisions as instruments for news shocks	2
Wealth accumulation, on-the-job search and inequality	2
US Fiscal cycle and the dollar	2
Why do rational investors like variance at the peak of a crisis? A learning-based explanation	2
Discussion of “Government policies in a granular global economy”	2
The inflation expectations of U.S. firms: Evidence from a new survey	2
Editorial Board	2
Introduction to the 100th Carnegie-Rochester-New York University Conference on Public Policy Volume	2