American Economic Journal: Macroeconomics
Forthcoming Articles
Articles accepted for publication in forthcoming issues of the AEJ: Macroeconomics. Preview links indicate that draft versions of full-text articles are available for AEA members only. Data sets and appendices are available for both members and non-members.
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Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?
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Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory
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The Labor Market Impact of Immigration: Job Creation vs. Job Competition
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Consumption Insurance Against Wage Risk: Family Labor Supply and Optimal Progressive Income Taxation
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Optimal Positive Capital Taxes at Interior Steady States
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The Size Distribution of Firms and Industrial Water Pollution: A Quantitative Analysis of China
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College Quality and Attendance Patterns: A Long-Run View
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Sectoral Price Facts in a Sticky-Price Model
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Sovereign Debt Restructurings
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The Trade-Comovement Puzzle
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Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations
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Risk, the College Premium, and Aggregate Human Capital Investment
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Oil, Equities, and the Zero Lower Bound
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How Do Mortgage Refinances Affect Debt, Default, and Spending? Evidence from HARP
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Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity
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The Choice Channel of Financial Innovation
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Interest-Rate Liberalization and Capital Misallocations
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Transmission of Monetary Policy with Heterogeneity in Household Portfolios
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Interactions and Coordination between Monetary and Macro-Prudential Policies
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The Productivity J-Curve: How Intangibles Complement General Purpose Technologies
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History Dependence in the Housing Market
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Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies
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Evaluating the Economic Cost of Coastal Flooding
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The Transmission of Monetary Policy Shocks
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Macro and Micro Dynamics of Productivity: From Devilish Details to Insights
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Optimal Inflation Target in an Economy with Menu Costs and a Zero Lower Bound
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Trade in Commodities and Business Cycle Volatility
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Advertising, Innovation, and Economic Growth
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Shopping for Lower Sales Tax Rates
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Fewer but Better: Sudden Stops, Firm Entry, and Financial Selection
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Comparative Advantage in Innovation and Production
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Household Search and the Marital Wage Premium
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The Young, the Old, and the Government: Demographics and Fiscal Multipliers
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The Extensive Margin of Exporting Products: A Firm-Level Analysis
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Money Mining and Price Dynamics
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Financial Risk Capacity
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Why Are Banks Exposed to Monetary Policy?
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Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth
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Micro-level Misallocation and Selection
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Consumption Inequality and the Frequency of Purchases
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Long-Term Finance and Investment with Frictional Asset Markets
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Agglomeration, Misallocation, and (the Lack of) Competition
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On the Macroeconomic Consequences of Over-Optimism
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Capital Controls for Crisis Management Policy in a Global Economy
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Knowledge Diffusion, Trade, and Innovation across Countries and Sectors
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Collateral Shocks
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The Rise and Fall of India's Relative Investment Price: A Tale of Policy Error and Reform
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The Rise of the Machines: Automation, Horizontal Innovation, and Income Inequality
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Declining Worker Turnover: The Role of Short Duration Employment Spells
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Slow Debt, Deep Recessions
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The Cyclical Behavior of Unemployment and Wages under Information Frictions
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Higher Taxes at the Top: The Role of Entrepreneurs
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Endogenous Separations, Wage Rigidities, and Unemployment Volatility
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Agricultural Diversity, Structural Change, and Long-Run Development: Evidence from the US