Macroeconomic Dynamics

Papers
(The median citation count of Macroeconomic Dynamics is 0. 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 2021-02-01 to 2025-02-01.)
ArticleCitations
MDY volume 25 issue 4 Cover and Back matter15
The great lockdown: information, noise, and macroeconomic fluctuations14
Love of novelty: a source of innovation-based growth… or underdevelopment traps?10
Size-dependent financial frictions, capital misallocation, and aggregate productivity8
MDY volume 26 issue 3 Cover and Back matter7
ALTERNATIVE MONETARY POLICIES UNDER KEYNESIAN ANIMAL SPIRITS6
IMF lending in sovereign default6
Health risk and the welfare effects of Social Security6
Credit market developments and sectoral business cycles worldwide6
The Gold Standard and the international dimension of the Great Depression6
EQUILIBRIUM INDETERMINACY, ENDOGENOUS ENTRY AND EXIT, AND INCREASING RETURNS TO SPECIALIZATION6
Endogenous uncertainty and monetary policy6
Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions – CORRIGENDUM5
Optimal capital taxation in an economy with innovation-driven growth5
Undesired monetary policy effects in a bubbly world4
The time-varying and volatile macroeconomic effects of immigration4
Coordination frictions and economic growth4
The economic effects of government spending: using expectations data to control for information4
Government spending multipliers with the Real Cost channel4
IS BIGGER MORE EFFECTIVE? SHOCK SIZE AND THE EFFICACY OF MONETARY POLICY4
International capital flows in the process of longevity catch-up3
Economic resilience and the dynamics of capital stock3
Incomplete Exchange Rate Pass-through and International Monetary Policy Cooperation3
Tax evasion and optimal corporate income tax rates in a growing economy3
The rise and fall of armies3
Macro-financial imbalances and cyclical systemic risk dynamics: understanding the factors driving the financial cycle in the presence of non-linearities3
Nonseparability of credit card services within Divisia monetary aggregates3
The credit-augmented Divisia aggregates and the monetary business cycle2
On the decline in the magnitude of the expenditure multiplier2
Bankruptcy costs, idiosyncratic risk, and long-run growth2
Interactive effects between input and output technical inefficiencies2
DEPENDENCE STRUCTURE BETWEEN MONEY AND ECONOMIC ACTIVITY: A MARKOV-SWITCHING COPULA VEC APPROACH2
Untimely destruction: pestilence, war, and accumulation in the long run2
Quantifying spillovers of coordinated investment stimulus in the EU2
Lending standards, productivity, and credit crunches2
Expectation formation and the Phillips curve revisited2
Large excess reserves, central bank digital currency, and monetary policy2
House prices and rents: a reappraisal2
A note on infectious disease, economic growth, and related government policy2
Asymmetric effects of news through uncertainty2
MDY volume 25 issue 3 Cover and Front matter2
MDY volume 25 issue 7 Cover and Front matter2
Automation, productivity, and innovation in information technology2
CREDIT CARDS, THE DEMAND FOR MONEY, AND MONETARY AGGREGATION2
Government size and the effectiveness of fiscal policy: the bigger the better?2
New evidence on US monetary policy activism and the Taylor rule2
Creative destruction, human capital accumulation, and growth in a digital economy2
The anatomy of government bond yields synchronization in the Eurozone2
Money demand by firms, labor market frictions, and optimal long-run inflation2
DATA REDUCTION BY THE HAAR FUNCTION: A CASE STUDY OF THE PHILLIPS CURVE2
The optimal distribution of insured and uninsured deposits across banks2
Technical change, task reallocation, and wage inequality2
Short-run fluctuations and long-run growth with recursive preferences2
Demographics and FDI: lessons from China’s one-child policy2
MDY volume 25 issue 6 Cover and Back matter1
NEWS SHOCKS AND THE EFFECTS OF MONETARY POLICY1
Monetary policy and economic fluctuations1
The effects of offshoring on the gender hours gap in the US1
Climate investments, stock markets, and the open economy1
Heterogeneous biased expectations of young and old individuals: macroeconomic effects and policy implications1
Income tax reductions in production networks1
Aggregate health shock and retirement decision1
Financing the low-carbon transition: the impact of financial frictions on clean investment1
Coordination in price setting and the zero lower bound: a global games approach1
MDY volume 26 issue 8 Cover and Back matter1
From Neolithic Revolution to industrialization1
The elastic origins of tail asymmetry1
Structural breaks in seemingly unrelated regression models1
Bank shocks and the debt structure1
Non-Gaussian score-driven conditionally heteroskedastic models with a macroeconomic application1
Uncertainty shocks and monetary policy rules in a small open economy1
Linear quadratic approximation of rationally inattentive control problems1
Spillovers on the mean and tails: a semiparametric dynamic panel modeling approach1
MDY volume 26 issue 7 Cover and Front matter1
FISCAL POLICY CHANGES AND LABOR MARKET DYNAMICS IN JAPAN’S LOST DECADE1
MDY volume 26 issue 8 Cover and Front matter1
Sectoral labor mobility and optimal monetary policy1
The plague, the skill-premium, and the road to modern economic growth1
Inflation-linked bonds in incomplete markets with sunspots1
Extreme comovements and downside/upside risk spillovers between oil prices and exchange rates1
Endogenous innovation scale and patent policy in a monetary schumpeterian growth model1
The consequences of US technology changes for productivity in advanced economies1
The effect of the social security on aggregate effective labor supply: the role of endogenous human capital and of selection effects1
The more, the better? Forecasting gains from high-frequency housing prices in a Markov-switching dynamic factor model1
OPTIMAL TARIFFS IN A TWO-COUNTRY R&D-BASED GROWTH MODEL1
MDY volume 25 issue 8 Cover and Front matter1
Currency substitution as an automatic stabilizer1
Co-integration with score-driven models: an application to US real GDP growth, US inflation rate, and effective federal funds rate0
Negative income tax and universal basic income in the eyes of Aiyagari0
A note on allowing state bankruptcy0
MDY volume 26 issue 2 Cover and Back matter0
The race between offshoring and automation in explaining wage polarization0
Drivers of inflation convergence across countries: the role of standard gravity variables0
Okay boomer… Excess money growth, inflation, and population aging0
A granular investigation on the stability of money demand0
Financial openness, bank capital flows, and the effectiveness of macroprudential policies0
Financial shocks and inflation dynamics0
Price-level determinacy and monetary policy in a model with money and trend inflation0
Optimal taxes and basic income during an episode of automation: a worker’s perspective0
Robotic capital - skill complementarity0
On Mexican poverty-trap regimes and struggling to escape them0
Endogenous working hours, overlapping generations, and balanced neoclassical growth0
Inequality over the business cycle: the role of distributive shocks0
MDY volume 25 issue 4 Cover and Front matter0
Bankruptcy law as an alternative to fiscal policy in a Woodford model with a productivity shock0
Income sources, cyclical behaviors of fiscal policy, and welfare conflict0
Expectations and the transmission of international uncertainty: Evidence from cross-country survey data0
The cost-of-living index in a cash and credit goods economy0
Implications of present-biased preferences on inheritance taxes0
Measuring International Uncertainty Using Global Vector Autoregressions with Drifting Parameters0
Severity reduction and private market distortion effects of voluntary and mandatory public annuity plans0
A tale of two tails: 130 years of growth at risk0
Conventional vs. unconventional monetary policy under credit regulation0
UK household-sector money demand and Divisia monetary aggregates in the new millennium0
MDY volume 26 issue 4 Cover and Front matter0
Equilibrium dynamics in a model of growth and spatial agglomeration0
A model of endogenous education quality: the role of teachers0
Immigration, skill acquisition, and fiscal redistribution in a search equilibrium model0
On government spending and income inequality under monopolistic competition0
Wealth and Consumption After Job Displacement0
Rising government debt on the path of going green in China0
Household debt and economic growth in Europe0
Financial shocks to banks, R&D investment, and recessions0
Does household debt affect the size of the fiscal multiplier?0
Stock market volatility and commodity prices0
Housing choices and their implications for consumption heterogeneity0
Solving heterogeneous-belief asset pricing models with short-selling constraints and many agents0
Deregulation as a source of China’s economic growth0
MDY volume 26 issue 1 Cover and Back matter0
Intergenerational transfers, differential fertility, and wealth inequality0
MDY volume 25 issue 2 Cover and Front matter0
PROGRESSIVE TAXATION AND MACROECONOMICS (IN)STABILITY UNDER HOUSEHOLD HETEROGENEITY0
Unionization, industry concentration, and economic growth0
MDY volume 25 issue 8 Cover and Back matter0
Extension of unemployment benefits and changes in job search margins0
Social Security safety net with rare event risk0
Asset pricing with costly and delayed firm entry0
Simple mandates, monetary rules, and trend-inflation0
MDY volume 26 issue 6 Cover and Front matter0
Time-varying volatility and the housing market0
The Stabilizing Effects of Publishing Strategic Central Bank Projections0
A view from outside: sovereign CDS volatility as an indicator of economic uncertainty0
Accounting for Mexican business cycles0
Should wages be subsidized in a pandemic?0
Adjustments of factor income tax rates and aggregate (in)stability0
Elderly care in an aging population: The impact of parental care needs on adult children0
Human capital and pensions with endogenous fertility and retirement0
GENETIC, CULTURAL, AND HISTORICAL DETERMINANTS OF KNOWLEDGE CREATION0
HOUSING WEALTH REALLOCATION BETWEEN SUBPRIME AND PRIME BORROWERS DURING RECESSIONS0
Optimal fiscal policy in small open economies with habit persistence0
A quantitative general equilibrium approach to migration, remittances, and brain drain0
An unobserved components model of total factor productivity and the relative price of investment0
How diabolic is the sovereign-bank loop? The effects of post-default fiscal policies0
Monetary policy transmission in China: dual shocks with dual bond markets0
Provision of firm-sponsored training to temporary workers and labor market performance0
Is the Hamilton regression filter really superior to Hodrick–Prescott detrending?0
Do business cycles result from stochastic shocks?0
Sectoral inflation under fragmentation of information0
A Note on nonconvex adjustment costs in lumpy investment models: Mean versus variance0
A note on international spillovers of economic policy uncertainty across business cycles: evidence from OECD countries0
Monetary policy announcements, consumers’ inflation expectations, and readiness to spend0
MDY volume 26 issue 3 Cover and Front matter0
Costly enforcement in credit economies0
Aggregate elasticity of substitution between skills: estimates from a macroeconomic approach0
SOCIAL SECURITY AND LONGEVITY RISK: THE CASE OF RISKY BEQUEST INCOME0
Estimating sentiment and risk in a consumption model: a factor analysis approach0
A model of safe asset shortage and property taxes in China0
A guide to estimating the canonical income process in quasidifferences0
Financial or non-financial shocks: rivals that play together0
STATE-DEPENDENT FORMATION OF INFLATION EXPECTATIONS0
Temporary prosperity or sustainable development: the long-run impact of developing pollution-intensive industries0
Stock market alphas help predict macroeconomic innovations0
Fiscal policy and inequality in middle- and high-income countries: redistributive effects of tax and spending shocks0
Optimal forward guidance in monetary policy: Can central banks sway the public with projections?0
Air quality in welfare accounting0
Is the working capital channel of the monetary policy quantitatively relevant? A structural estimation approach0
Industry clusters and macroeconomic (in)stability0
Inter-industry trade and business cycle dynamics0
MDY volume 25 issue 7 Cover and Back matter0
Central bank credibility and inflation expectations: a microfounded forecasting approach0
Understanding the gains from wage flexibility in a currency union: a fiscal policy connection0
Better understanding how uncertainty impacts the economy: Insights from internet search data on the importance of disaggregation0
Cycles and their important shocks: completing the investigation0
A note on the neutrality of interest rates0
MDY volume 25 issue 3 Cover and Back matter0
Difficulties in finding middle-skilled jobs under increased automation0
Is there a national housing market bubble brewing in the United States?0
R&D finance and economic growth: a Schumpeterian model with endogenous financial structures0
MDY volume 26 issue 5 Cover and Back matter0
MDY volume 26 issue 1 Cover and Front matter0
Implementing the commitment solution via discretionary policy-making0
Teenage childbearing and the welfare state0
Countercyclical capital regulation in a small open economy DSGE model0
MDY volume 25 issue 6 Cover and Front matter0
Alternative monetary policies and wealth and income inequality: the monetary instrument problem revisited0
The effect of central bank credibility on forward guidance in an estimated New Keynesian model0
Government spending multipliers with the Real Cost channel – ERRATUM0
Optimal long-run money growth rate in a cash-in-advance economy with labor-market frictions0
A note on contraception, social norms, and growth0
MDY volume 25 issue 5 Cover and Front matter0
Are the Forecasts of Professionals Compatible with the Taylor Rule? Evidence from the Euro Area0
A note on variable markup, knowledge spillover, and multiple steady states in the variety expansion model0
Shock persistence, uncertainty, and news-driven business cycles0
MDY volume 26 issue 4 Cover and Back matter0
The Financial Accelerator in the Euro Area: New Evidence Using a Mixture VAR Model0
Government investment fiscal multipliers: evidence from Euro-area countries0
Adaptive agents may be smarter than you think: unbiasedness in adaptive expectations0
Vintage article: the effect of monetary policy shocks in the UK: an external instruments approach0
No road with roses in developing countries: gender diversification in firm leadership and total factor productivity0
Smells like animal spirits: the sensitivity of corporate investment to sentiment0
What Accounts for the German Labor Market Miracle? A Structural VAR Approach0
Off-track monetary policy and housing0
Has international CPI inflation comovement strengthened since the global financial crisis?0
WITHDRAWN-GLOBAL BANK RISK AND MONETARY POLICY IN AN EMERGING ECONOMY0
Aggregate effects of firing costs with endogenous firm productivity growth0
State of broker–dealer leverage and the transmission of monetary policy0
Embodied technological progress, heterogeneous multiworker firms, and unemployment0
The effects of public sector employment on household savings and labor supply0
Divisia monetary aggregates, monetary policy and business cycle analysis0
Relative consumption, relative wealth, and long-run growth: when and why is the standard analysis prone to incorrect conclusions?0
Factor-augmented QVAR models: an observation-driven approach0
A Note on Learning, House Prices, and Macro-Financial Linkages0
MDY volume 26 issue 6 Cover and Back matter0
Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model0
Dynamic inefficiency by promoting relative consumption0
WITHDRAWAL – Global bank risk and monetary policy in an emerging economy0
Government debt and fiscal multipliers in the era of population aging0
Firms’ Employment Dynamics and the State of the Labor Market0
Automation, job reallocation, occupational choice, and related government policy0
Presidents, Fed chairs, and the deviations from the Taylor rule0
CONSUMERS’ UPDATING, POLICY SHOCKS, AND PUBLIC DEBT: AN EMPIRICAL ASSESSMENT OF STATE DEPENDENCIES0
Investments, credit guarantees, and government subsidies in a regime-switching framework0
On boom-bust stock market dynamics, animal spirits, and the destabilizing nature of temporarily attracting virtual fixed points0
Optimal unemployment insurance with behavioral agents0
On the effects of taxation on growth: an empirical assessment0
Unconventional policy instruments in the New Keynesian model0
Human brain evolution in a Malthusian economy0
How does trade policy uncertainty affect firms’ pollution emissions? Theory and evidence from China0
Present-biased heterogeneity, marginal propensity to consume, and wealth distribution0
Vertical specialization, global expansion of supply chain, and convergence0
Transitional dynamics of the saving rate and economic growth0
Public Consumption Multipliers in Slack and Good Periods: Evidence From the Euro Area0
Sectoral employment effects of state fiscal relief: evidence from the Great Recession0
Whatever it takes to save the planet? Central banks and unconventional green policy0
A Note on the Neo-Fisher Effect in the New Keynesian Model0
Should the government subsidize innovation or automation?0
The macroeconomic effects of the tax cuts and jobs act0
Fiscal policy and the twin deficits: structural changes matter0
Unraveling the enigma: decomposing China’s output and productivity growth in the new era—insights from listed companies0
Three liquid assets0
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