Journal of Monetary Economics

Article	Citations
More than words: Fed Chairs’ communication during congressional testimonies	262
Resolving the missing deflation puzzle	162
Default cycles	143
Economic opportunity begins with contraception: Comment on “Intergenerational Mobility Begins Before Birth” by Ananth Seshadri, Anson Zhou	102
Editorial Board	100
The case for a positive euro area inflation target: Evidence from france, germany and italy	95
Duopolistic competition and monetary policy	86
Dynamic information aggregation: Learning from the past	84
Comment on “Rigid production networks” by Pellet and Tahbaz-Salehi	77
No firm is an island? How industry conditions shape firms’ expectations	73
College education and income contingent loans in equilibrium	72
Editorial Board	69
Wage employment, unemployment and self-employment across countries	68
Cross-country unemployment insurance, transfers, and trade-offs in international risk sharing	61
Wage and earnings inequality between and within occupations: The role of labor supply	55
US Fiscal cycle and the dollar	52
Averaging impulse responses using prediction pools	51
Rising earnings inequality and optimal income tax and social security policies	50
Fifty shades of QE: Comparing findings of central bankers and academics	48
The emergence of procyclical fertility: The role of breadwinner women	47
Information disclosure and the choice between arm’s-length and inside debt	47
The marginal effect of government mortgage guarantees on homeownership	45
JME Best Paper Prize 2021	45
Comment on Iovino, La’O and Mascarenhas, “Optimal Monetary Policy and Disclosure with an Informationally-Constrained Central Banker”	45
Editorial Board	44

Editorial Board	44
Market segmentation and spending multipliers	41
Discussion of “Government policies in a granular global economy”	40
Inflation expectations and the ECB’s perceived inflation objective: Novel evidence from firm-level data	40
Editorial Board	39
A quantitative theory of time-consistent unemployment insurance	38
International tax competition with rising intangible capital and financial globalization	38
Comment on “The supply and demand for safe assets”	38
Editorial Board	38
Learning, parameter drift, and the credibility revolution	37
A new approach to assess inflation expectations anchoring using strategic surveys	36
The economic impact of recession announcements	35
Does demand noise matter? Identification and implications	35
Trade wars and the optimal design of monetary rules	34
Wealth accumulation, on-the-job search and inequality	33
Leaning against house prices: A structural VAR investigation	33
Financial heterogeneity and monetary union	32
Structural scenario analysis with SVARs	32
Consumption heterogeneity and monetary policy in an open economy	32
Expectation-driven boom-bust cycles	32
The macroeconomic effects of social security contributions and benefits	31
Inefficiently low screening with Walrasian markets	31
Discussion of “Relative-price changes as aggregate supply shocks revisited: Theory and evidence” by Hassan Afrouzi, Saroj Bhattarai, Edson Wu	29
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey	29
Discussion of “Phillips meets Beveridge,” by Regis Barnichon and Adam Shapiro	27
Comments on “Lessons from history for successful disinflation” by Christina D. Romer and David H. Romer	27
A global perspective on post pandemic inflation and its retreat: Remarks prepared for NBER conference on “inflation in the COVID era”	27
Editorial Board	25
The international spillovers of synchronous monetary tightening	25
Tariff wars, unemployment, and top incomes	25
Capital and income inequality: An aggregate-demand complementarity	25
Shaping inequality and intergenerational persistence of poverty: Free college or better schools?	25
The collateral link between volatility and risk sharing	25
Price setting on the two sides of the Atlantic - Evidence from supermarket scanner data	24
Undisclosed material inflation risk	24
Central bank transparency, exchange rates, and demand imbalances	24
The making of hawks and doves	23
Participation following sudden access	23
Style over substance? Advertising, innovation, and endogenous market structure	22
House prices, home equity and entrepreneurship: Evidence from U.S. census micro data	22
Debt sustainability in a low interest rate world	22
Wealth Inequality and Endogenous Growth	21
Wealth inequality dynamics in europe and the united states: Understanding the determinants	21
Institutions, tax evasion, and optimal policy	21
Central banking challenges posed by uncertain climate change and natural disasters	20
Kaldor and Piketty’s facts: The rise of monopoly power in the United States	20
Effectiveness and addictiveness of quantitative easing	19
Output hysteresis and optimal monetary policy	19
Measuring the effects of federal reserve forward guidance and asset purchases on financial markets	18
Some unpleasant markup arithmetic: Production function elasticities and their estimation from production data	18

Business cycle asymmetry and input-output structure: The role of firm-to-firm networks	18
Concentration in international markets: Evidence from US imports	18
Monetary policy & anchored expectations—An endogenous gain learning model	18
Threats to central bank independence: High-frequency identification with twitter	17
Sovereign risk and Dutch disease	17
Mortgage choice and inflation experiences in the Eurozone	17
News-driven inflation expectations and information rigidities	16
Beyond Pangloss: Financial sector origins of inefficient economic booms	16
Business complexity and risk management: Evidence from operational risk events in U.S. bank holding companies	16
Comment on: “Occupational reallocation within and across firms: Implications for labor-market polarization” By T. Mukoyama, N. Takayama, and S. Tanaka	16
Inflation disasters and consumption	16
How do people view wage and price inflation?	16
Central bank digital currency: When price and bank stability collide	16
Foreign exchange reserves as a tool for capital account management	16
Why do rational investors like variance at the peak of a crisis? A learning-based explanation	15
Is a fiscal union optimal for a monetary union?	15
“Fencing off silicon valley: Cross-border venture capital and technology spillovers”	15
Comment on: “International tax competition with rising intangible capital and financial globalization” by Vincenzo Quadrini and José-Victor Ríos-Rull	15
How should governments create liquidity?	15
Editorial Board	15
Comment on “No firm is an island? How industry conditions shape firms’ expectations” by Philippe Andrade, Olivier Coibion, Erwan Gautier and Yuriy Gorodnichenko	14
Students’ heterogeneous preferences and the uneven spatial distribution of colleges	14
Discussion of “The dynamic effects of antitrust policy on growth and welfare”	14
Comments on “Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight” by Woodford and Xie	14
Editorial Board	13
JME Best Paper Prize 2020	13
Monetary policy surprises and their transmission through term premia and expected interest rates	13
Editorial Board	13
A north-south model of structural change and growth	13
Optimal bailouts and the doom loop with a financial network	13
Learning and the capital age premium	13
Intergenerational mobility begins before birth	13
Pegging the interest rate on bank reserves: A resolution of New Keynesian puzzles and paradoxes	13
Rigid production networks	13
Volatile hiring: uncertainty in search and matching models	13
A natural level of capital flows	12
Oil price shocks in real time	12
The origins of aggregate fluctuations in a credit network economy	12
Discussion of “designing central bank digital currency” by Agur, Ari and Dell'Ariccia	12
Decrypting new age international capital flows	12
State-dependent fiscal multipliers with preferences over safe assets	12
Rising wealth inequality: Intergenerational links, entrepreneurship, and the decline in interest rate	12
What matters in households’ inflation expectations?	12
A model of state-dependent monetary policy	12
Optimal monetary policy with r	11
Editorial Board	11
How does caste affect entrepreneurship? birth versus worth	11
The chronology of Brexit and UK monetary policy	11
Macroprudential policy with earnings-based borrowing constraints	11
Rational inattention, menu costs, and multi-product firms: Micro evidence and aggregate implications	11
How to limit the spillover from an inflation surge to inflation expectations?	11
The macroeconomic consequences of subsistence self-employment	11
Effects of monetary policy on household expectations: The role of homeownership	11
Learning about labor markets	10
Taking off into the wind: Unemployment risk and state-Dependent government spending multipliers	10
Quantitative easing with heterogeneous agents	10
The effectiveness of a negative interest rate policy	10
Intratemporal nonseparability between housing and nondurable consumption: Evidence from reinvestment in housing stock	10
More unequal income but less progressive taxation	10
Regulation and security design in concentrated markets	10
Estimating the Fed’s unconventional policy shocks	10
Evaluating Central Banks’ tool kit: Past, present, and future	10
Joint search over the life cycle	10
Austerity and distributional policy	9
Partisan expectations and COVID-era inflation	9
Who gains from corporate tax cuts?	9
Structural change in labor supply and cross-country differences in hours worked	9
WITHDRAWN: Discussion of “Monetary Policy, Customer Capital, and Market Power” by Morlacco and Zeke	9
Comment on the alpha beta gamma of the labor market	9
Central bank communication with non-experts – A road to nowhere?	8
Why have interest rates fallen far below the return on capital?	8
Heterogeneous job ladders	8
Low-frequency fiscal uncertainty	8
Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix	8
Price discounts and cheapflation during the post-pandemic inflation surge: A comment	8
Credit risk and the transmission of interest rate shocks	8
What is the source of the intergenerational correlation in earnings?	8
Monetary policy and the persistent aggregate effects of wealth redistribution	8
Job Search under Debt: Aggregate Implications of Student Loans	8
Credit growth and the financial crisis: A new narrative	8

Lessons from history for successful disinflation	8
Six beliefs I have about inflation: Remarks prepared for NBER conference on “Inflation in the Covid era and beyond”	8
Managing self-organization of expectations through monetary policy: A macro experiment	8
Measuring monetary policy in the UK: The UK monetary policy event-study database	8
Labor market effects of global supply chain disruptions	8
Can government demand stimulate private investment? Evidence from U.S. federal procurement	8
The consumption expenditure response to unemployment: Evidence from Norwegian households	8
The long and variable lags of monetary policy: Evidence from disaggregated price indices	8
People’s understanding of inflation	8
Contagion in debt and collateral markets	7
Cross-border regulatory spillovers and macroprudential policy coordination	7
Asset price beliefs and optimal monetary policy	7
Endogenous forecast switching near the zero lower bound	7
Adverse selection and search congestion in over-the-counter markets	7
The macroeconomic effects of universal basic income programs	7
Credit subsidies	7
Comment on “How to fund unemployment insurance with informality and false claims: Evidence from Senegal” by Ndiaye, Herkenhoff, Cissé, Dell’Acqua, and Mbaye	7
(Trade) War and peace: How to impose international trade sanctions	7
Tiers of joy? Reserve tiering and bank behavior in a negative-rate environment	7
Inflation’s role in optimal monetary-fiscal policy	7
History remembered: Optimal sovereign default on domestic and external debt	7
Firm dynamics and pricing under customer capital accumulation	6
Perceived FOMC: The making of hawks, doves and swingers	6
Myopic fiscal objectives and long-Run monetary efficiency	6
Comments on Julieta Caunedo and Elisa Keller’s “Technical change and the demand for talent”	6
Editorial Board	6
Comment on (Un)pleasant ... by Bond et al (2020)	6
Domestic price dollarization in emerging economies	6
Make-up strategies with finite planning horizons but infinitely forward-looking asset prices	6
What does anticipated monetary policy do?	6
Investment externalities in models of fire sales	6
Stress relief? Funding structures and resilience to the covid shock	6
Editorial Board	6
Discussion of “Monetary policy, customer capital, and market power” by Morlacco and Zeke	6
Self-enforcing contracts with persistence	6
Editorial Board	6
Monetary policy and intangible investment	6
Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income	6
Uncertainty, imperfect information, and expectation formation over the firm’s life cycle	6
How sovereign is sovereign credit risk? Global prices, local quantities	6
Discussion of “Homeownership segregation”	6
Comments on “Regulation and security design in concentrated markets” by A. Babus and K. Hachem (2021)	6
Secular stagnation, financial frictions, and land prices	6
Optimal policy with general signal extraction	6
Comments on “Wealth inequality dynamics in Europe and the United States: Understanding the determinants” by Blanchet and Martínez-Toledano	5
Imperfect information transmission from banks to investors: Macroeconomic implications	5
Understanding post-COVID inflation dynamics	5
Delphic and odyssean monetary policy shocks: Evidence from the euro area	5
Discussion of a North–South model of structural change and growth” by Aristizabal Ramirez, Leahy, and Tesar	5
Parameter learning in production economies	5
The inexorable recoveries of unemployment	5
Bubbly firm dynamics and aggregate fluctuations	5
Comment on “Does the Cream Always Rise to the Top? The Misallocation of Talent in Innovation” by Murat Alp Celik	5
Strategic referrals and on-the-job search equilibrium	5
Worker churn in the cross section and over time: New evidence from Germany	5
Euro area monetary policy effects. Does the shape of the yield curve matter?	5
Consumption categories, household attention, and inflation expectations: Implications for optimal monetary policy	5
A theory of net capital flows over the global financial cycle	4
Comment on “The long and variable lags of monetary policy: Evidence from disaggregated price indices” by S. Borağan Aruoba and Thomas Drechsel	4
Discussion of “Who bears the costs of inflation? Euro area households and the 2021–2022 shock”	4
Haste makes waste? Quantity-based subsidies under heterogeneous innovations	4
Rational inattention, misallocation, and the aggregate economy	4
Consumption dynamics under time-varying unemployment risk	4
Comments on “Income differences and health disparities: Roles of preventive vs. curative medicine” by Serdar Ozkan	4
Discussion of “Understanding the international rise and fall of inflation since 2020”	4
Fencing off Silicon Valley: Cross-border venture capital and technology spillovers	4
A model of retail banking and the deposits channel of monetary policy	4
Designing central bank digital currencies	4
Optimal monetary policy and disclosure with an informationally-constrained central banker	4
Cross country stock market comovement: A macro perspective	4
Credit cards, credit utilization, and consumption	4
Partisan expectations and COVID era inflation: A comment	4
The economic effects of firm-level uncertainty: Evidence using subjective expectations	4
The alpha beta gamma of the labor market	4
Deep learning for solving dynamic economic models.	4
State-level economic policy uncertainty	3
Inflation expectations, consumption and the lower bound: Micro evidence from a large multi-country survey	3
Consumer demand and credit supply as barriers to growth for Black-owned startups	3
Identifying sectoral shocks and their role in business cycles	3
Recessions and recoveries: Multinational banks in the business cycle	3
Editorial Board	3
Identification with External Instruments in Structural VARs	3
Revisiting the monetary transmission mechanism through an industry-level differential approach	3
Subjective housing price expectations, falling natural rates, and the optimal inflation target	3
The welfare cost of inflation revisited: The role of financial innovation and household heterogeneity	3
Editorial Board	3
Loan types and the bank lending channel	3
Backtesting global Growth-at-Risk	3
Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight	3
Local information and firm expectations about aggregates	3
The Treasury Market in Spring 2020 and the Response of the Federal Reserve	3
Average inflation targeting: Time inconsistency and ambiguous communication	3