OOIR: Observatory of International Research

Papers

(The TQCC of Journal of Monetary Economics is 13. 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 2020-04-01 to 2024-04-01.)

Article	Citations
Measuring the effects of federal reserve forward guidance and asset purchases on financial markets	188
Monetary policy uncertainty	160
Financial fragility in the COVID-19 crisis: The case of investment funds in corporate bond markets	124
Global spillover effects of US uncertainty	122
Commodity-price comovement and global economic activity	101
Designing central bank digital currencies	97
The effects of quasi-random monetary experiments	79
The making of hawks and doves	79
The New Keynesian cross	78
A unified measure of Fed monetary policy shocks	75
Innovation, automation, and inequality: Policy challenges in the race against the machine	74
The real effects of the bank lending channel	73
Delphic and odyssean monetary policy shocks: Evidence from the euro area	70
Evaluating Central Banks’ tool kit: Past, present, and future	68
U.S. monetary policy and emerging market credit cycles	64
Mending the broken link: Heterogeneous bank lending rates and monetary policy pass-through	63
The (Unintended?) consequences of the largest liquidity injection ever	61
Central bank communication that works: Lessons from lab experiments	61
The propagation of monetary policy shocks in a heterogeneous production economy	60
Banks’ exposure to interest rate risk and the transmission of monetary policy	57
Finance and productivity growth: Firm-level evidence	55
Why do fiscal multipliers depend on fiscal Positions?	55
Central bank digital currency in an open economy	54
Government consumption and investment: Does the composition of purchases affect the multiplier?	53
Does a big bazooka matter? Quantitative easing policies and exchange rates	52

Some unpleasant markup arithmetic: Production function elasticities and their estimation from production data	51
The effects of a money-financed fiscal stimulus	51
News-driven inflation expectations and information rigidities	51
Firm performance and macro forecast accuracy	46
Managing self-organization of expectations through monetary policy: A macro experiment	45
Austerity in the aftermath of the great recession	44
Deep learning for solving dynamic economic models.	43
A model of slow recoveries from financial crises	41
Starting from a blank page? Semantic similarity in central bank communication and market volatility	40
Distinguishing constraints on financial inclusion and their impact on GDP, TFP, and the distribution of income	40
Business complexity and risk management: Evidence from operational risk events in U.S. bank holding companies	39
Dynamic effects of monetary policy shocks on macroeconomic volatility	38
News and uncertainty about COVID-19: Survey evidence and short-run economic impact	38
Migration costs and observational returns to migration in the developing world	37
The price of residential land for counties, ZIP codes, and census tracts in the United States	35
The Treasury Market in Spring 2020 and the Response of the Federal Reserve	34
Inflation expectations, consumption and the lower bound: Micro evidence from a large multi-country survey	34
Backtesting global Growth-at-Risk	33
Taylor rule estimation by OLS	33
Do survey expectations of stock returns reflect risk adjustments?	32
Central banking challenges posed by uncertain climate change and natural disasters	31
Credit market frictions and trade liberalizations	31
Workers, capitalists, and the government: fiscal policy and income (re)distribution	31
State-level economic policy uncertainty	30
Lost generations of firms and aggregate labor market dynamics	30
Bank capital in the short and in the long run	29
Output hysteresis and optimal monetary policy	29
Kaldor and Piketty’s facts: The rise of monopoly power in the United States	29
No firm is an island? How industry conditions shape firms’ expectations	29
Structural scenario analysis with SVARs	29
Rethinking Optimal Currency Areas	28
The risks of old capital age: Asset pricing implications of technology adoption	27
Expectation formation in a new environment: Evidence from the German reunification	27
Wealth redistribution in bubbles and crashes	27
The FOMC Risk Shift	27
Fifty shades of QE: Comparing findings of central bankers and academics	27
Learning, confidence, and business cycles	27
Disagreement about inflation expectations and monetary policy transmission	27
Central bank communication with non-experts – A road to nowhere?	26
Financial integration and growth in a risky world	26
Loan types and the bank lending channel	25
Resolving the missing deflation puzzle	25
The Phillips multiplier	25
Hitting the elusive inflation target	24
Misallocation or Mismeasurement?	24
The effect of interest rates on home buying: Evidence from a shock to mortgage insurance premiums	24
The effect of migration policy on growth, structural change, and regional inequality in China	24
What drives heterogeneity in the marginal propensity to consume? Temporary shocks vs persistent characteristics	24
Price stickiness along the income distribution and the effects of monetary policy	23
The origins of aggregate fluctuations in a credit network economy	23

The importance of technology in banking during a crisis	22
Policy uncertainty, lender of last resort and the real economy	22
Price level targeting with evolving credibility	21
Optimal Time-Consistent Monetary, Fiscal and Debt Maturity Policy	21
Labor market polarization, the decline of routine work, and technological change: A quantitative analysis	21
Reaching for dividends	20
Price elasticities and demand-side real rigidities in micro data and in macro models	20
Aggregate expected investment growth and stock market returns	20
Sovereign spreads in the Euro area: Cross border transmission and macroeconomic implications	20
The supply and demand for safe assets	19
Monetary policy shocks from the consumer perspective	19
Optimal capital account liberalization in China	19
Foreign exchange reserves as a tool for capital account management	19
Female entrepreneurship, financial frictions and capital misallocation in the US	18
International evidence on long-run money demand	18
Money and monetary stability in Europe, 1300–1914	18
Optimal capital taxation revisited	18
Can government demand stimulate private investment? Evidence from U.S. federal procurement	18
Effectiveness and addictiveness of quantitative easing	18
Bank credit risk networks: Evidence from the Eurozone	18
Household spending and fiscal support during the COVID-19 pandemic: Insights from a new consumer survey	18
Debt sustainability in a low interest rate world	18
Asymmetric inflation expectations, downward rigidity of wages, and asymmetric business cycles	17
Fiscal and monetary stabilization policy at the zero lower bound: Consequences of limited foresight	17
Efficient redistribution	17
Subjective intertemporal substitution	17
Not all price endings are created equal: Price points and asymmetric price rigidity	17
State dependence of fiscal multipliers: the source of fluctuations matters	17
Low interest rates and risk incentives for banks with market power	17
More unequal income but less progressive taxation	16
History remembered: Optimal sovereign default on domestic and external debt	16
Inequality and financial fragility	16
The role of learning for asset prices and business cycles	15
The macroeconomics of automation: Data, theory, and policy analysis	15
The Great Depression and the Great Recession: A view from financial markets	15
Price dispersion and inflation: New facts and theoretical implications	14
On average establishment size across sectors and countries	14
The optimal composition of public spending in a deep recession	14
Why are exchange rates so smooth? A household finance explanation	14
Flowers of evil? Industrialization and long run development	14
Financial shocks, firm credit and the Great Recession	14
Aging and deflation from a fiscal perspective	14
Predicting the demand for central bank digital currency: A structural analysis with survey data	14
Cash: A Blessing or a curse?	14
Credit growth and the financial crisis: A new narrative	14
Monetary Policy and Bank Equity Values in a Time of Low and Negative Interest Rates	13
The inherent benefit of monetary unions	13
The zero lower bound and estimation accuracy	13
Unemployment crises	13
Threats to central bank independence: High-frequency identification with twitter	13
The short-term effects of tax changes: The role of state dependence	13
Identifying the sources of model misspecification	13
The macroeconomic effects of social security contributions and benefits	13