OOIR: Observatory of International Research

Papers

(The TQCC of Journal of Monetary Economics is 12. 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 2020-11-01 to 2024-11-01.)

Article	Citations
Measuring the effects of federal reserve forward guidance and asset purchases on financial markets	242
Monetary policy uncertainty	197
Financial fragility in the COVID-19 crisis: The case of investment funds in corporate bond markets	154
Designing central bank digital currencies	133
The making of hawks and doves	100
Innovation, automation, and inequality: Policy challenges in the race against the machine	96
A unified measure of Fed monetary policy shocks	95
Evaluating Central Banks’ tool kit: Past, present, and future	93
Delphic and odyssean monetary policy shocks: Evidence from the euro area	86
Central bank digital currency in an open economy	78
The real effects of the bank lending channel	77
The propagation of monetary policy shocks in a heterogeneous production economy	75
News-driven inflation expectations and information rigidities	73
Central bank communication that works: Lessons from lab experiments	72
Some unpleasant markup arithmetic: Production function elasticities and their estimation from production data	72
Banks’ exposure to interest rate risk and the transmission of monetary policy	68
Finance and productivity growth: Firm-level evidence	67
Does a big bazooka matter? Quantitative easing policies and exchange rates	61
The effects of a money-financed fiscal stimulus	61
Government consumption and investment: Does the composition of purchases affect the multiplier?	56
State-level economic policy uncertainty	52
Deep learning for solving dynamic economic models.	51
Managing self-organization of expectations through monetary policy: A macro experiment	51
The Treasury Market in Spring 2020 and the Response of the Federal Reserve	50
Taylor rule estimation by OLS	47

Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income	47
Austerity in the aftermath of the great recession	47
News and uncertainty about COVID-19: Survey evidence and short-run economic impact	45
Inflation expectations, consumption and the lower bound: Micro evidence from a large multi-country survey	45
Business complexity and risk management: Evidence from operational risk events in U.S. bank holding companies	45
Backtesting global Growth-at-Risk	44
Kaldor and Piketty’s facts: The rise of monopoly power in the United States	43
Central banking challenges posed by uncertain climate change and natural disasters	41
The price of residential land for counties, ZIP codes, and census tracts in the United States	40
No firm is an island? How industry conditions shape firms’ expectations	40
Bank capital in the short and in the long run	38
Structural scenario analysis with SVARs	38
Workers, capitalists, and the government: fiscal policy and income (re)distribution	38
Fifty shades of QE: Comparing findings of central bankers and academics	38
Do survey expectations of stock returns reflect risk adjustments?	37
Expectation formation in a new environment: Evidence from the German reunification	37
Misallocation or Mismeasurement?	36
The importance of technology in banking during a crisis	36
Loan types and the bank lending channel	36
Output hysteresis and optimal monetary policy	35
Learning, confidence, and business cycles	34
The FOMC Risk Shift	33
Disagreement about inflation expectations and monetary policy transmission	33
What drives heterogeneity in the marginal propensity to consume? Temporary shocks vs persistent characteristics	33
Central bank communication with non-experts – A road to nowhere?	32
Resolving the missing deflation puzzle	32
The risks of old capital age: Asset pricing implications of technology adoption	31
The Phillips multiplier	31
Wealth redistribution in bubbles and crashes	31
The effect of interest rates on home buying: Evidence from a shock to mortgage insurance premiums	29
Debt sustainability in a low interest rate world	29
Effectiveness and addictiveness of quantitative easing	28
The origins of aggregate fluctuations in a credit network economy	27
Hitting the elusive inflation target	27
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey	27
Predicting the demand for central bank digital currency: A structural analysis with survey data	27
The supply and demand for safe assets	25
Can government demand stimulate private investment? Evidence from U.S. federal procurement	25
Optimal Time-Consistent Monetary, Fiscal and Debt Maturity Policy	25
Optimal capital account liberalization in China	25
State dependence of fiscal multipliers: the source of fluctuations matters	25
Policy uncertainty, lender of last resort and the real economy	24
Female entrepreneurship, financial frictions and capital misallocation in the US	24
Aggregate expected investment growth and stock market returns	24
Subjective intertemporal substitution	24
Optimal capital taxation revisited	23
Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight	23
Price elasticities and demand-side real rigidities in micro data and in macro models	23
Efficient redistribution	23
Price level targeting with evolving credibility	23

International evidence on long-run money demand	22
Foreign exchange reserves as a tool for capital account management	22
The macroeconomics of automation: Data, theory, and policy analysis	22
Money and monetary stability in Europe, 1300–1914	21
Wealth inequality dynamics in europe and the united states: Understanding the determinants	21
Threats to central bank independence: High-frequency identification with twitter	21
Bank credit risk networks: Evidence from the Eurozone	20
The macroeconomic effects of social security contributions and benefits	20
Reaching for dividends	20
US Fiscal cycle and the dollar	19
Credit growth and the financial crisis: A new narrative	19
Monetary Policy and Bank Equity Values in a Time of Low and Negative Interest Rates	18
Information frictions among firms and households	18
More unequal income but less progressive taxation	18
Flowers of evil? Industrialization and long run development	18
House prices, home equity and entrepreneurship: Evidence from U.S. census micro data	18
Low interest rates and risk incentives for banks with market power	18
On average establishment size across sectors and countries	17
Understanding post-COVID inflation dynamics	17
The liquidity channel of fiscal policy	17
Quantitative easing with heterogeneous agents	17
Cash: A Blessing or a curse?	16
History remembered: Optimal sovereign default on domestic and external debt	16
Health versus wealth: On the distributional effects of controlling a pandemic	16
Job Search under Debt: Aggregate Implications of Student Loans	16
Perceived FOMC: The making of hawks, doves and swingers	16
The short-term effects of tax changes: The role of state dependence	16
Inequality and financial fragility	16
Monetary policy and production networks: an empirical investigation	16
Intangibles, markups, and the measurement of productivity growth	15
Financial shocks, firm credit and the Great Recession	15
Globalization and entrepreneurial entry and exit: Evidence from U.S. households	15
The zero lower bound and estimation accuracy	15
Identification with External Instruments in Structural VARs	15
The inflationary effects of sectoral reallocation	15
From secular stagnation to robocalypse? Implications of demographic and technological changes	15
What goes around comes around: How large are spillbacks from US monetary policy?	14
Employment inequality: Why do the low-skilled work less now?	14
Macroprudential policy with capital buffers	14
The scars of supply shocks: Implications for monetary policy	14
Entry costs and aggregate dynamics	13
Inflation’s role in optimal monetary-fiscal policy	13
Rational inattention, menu costs, and multi-product firms: Micro evidence and aggregate implications	13
Is there news in inventories?	13
Monetary policy surprises and their transmission through term premia and expected interest rates	13
What matters in households’ inflation expectations?	13
Dynamics of bond and stock returns	13
Why have interest rates fallen far below the return on capital?	13
Volatile hiring: uncertainty in search and matching models	13
Wealth accumulation, on-the-job search and inequality	13
Deposit market power, funding stability and long-term credit	12
Unemployment crises	12
Taking off into the wind: Unemployment risk and state-Dependent government spending multipliers	12
Public bank guarantees and allocative efficiency	12
Through scarcity to prosperity: Toward a theory of sustainable growth	12
Monetary policy and intangible investment	12
Discussion of “designing central bank digital currency” by Agur, Ari and Dell'Ariccia	12
The convenience of electronic payments and consumer cash demand	12
Money and capital in a persistent liquidity trap	12
Pegging the interest rate on bank reserves: A resolution of New Keynesian puzzles and paradoxes	12