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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Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies
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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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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
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Offshoring, Automation, Low-Skilled Immigration, and Labor Market Polarization
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A Theory of Structural Change That Can Fit the Data
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Optimal Currency Areas with Labor Market Frictions
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Sectoral Heterogeneity and Monetary Policy
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MPC Heterogeneity and Household Balance Sheets
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Does Consumption Respond to Transitory Shocks?
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Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance
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Asset Price Booms and Macroeconomic Policy: A Risk-Shifting Approach
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How Sticky Wages in Existing Jobs Can Affect Hiring
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Pigouvian Cycles
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High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk
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Income Differences, Productivity and Input-Output Networks
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Entry Barriers, Idiosyncratic Distortions, and the Firm Size Distribution
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Credit Spreads, Financial Crises, and Macroprudential Policy
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Dynamics of Markups, Concentration and Product Span
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Occupational Matching and Cities
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The Neo-Fisher Effect: Econometric Evidence from Empirical and Optimizing Models
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The Decline of the Labor Share: New Empirical Evidence
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Radical and Incremental Innovation: The Roles of Firms, Managers and Innovators
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The Term Structure of Growth-at-Risk
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Public Education Inequality and Intergenerational Mobility
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Reputation, Bailouts, and Interest Rate Spread Dynamics
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Dynamic Capital Tax Competition under the Source Principle
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Learning by Sharing: Monetary Policy and Common Knowledge
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Expectations-Driven Liquidity Traps: Implications for Monetary and Fiscal Policy
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Flexibility and Frictions in Multisector Models
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The Propagation of Demand Shocks Through Housing Markets
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Cournot Fire Sales