Journal of Monetary Economics

1975 - 2025

Continuation of Carnegie-Rochester Conference Series on Public Policy.

Current editor(s): R. G. King and C. I. Plosser

From Elsevier
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Volume 150, issue C, 2025

Shaping inequality and intergenerational persistence of poverty: Free college or better schools?

Dirk Krueger, Alexander Ludwig and Irina Popova

The alpha beta gamma of the labor market

Victoria Gregory, Guido Menzio and David Wiczer

Joint search over the life cycle

Annika Bacher, Philipp Grübener and Lukas Nord

Comments on “Income differences and health disparities: Roles of preventive vs. curative medicine” by Serdar Ozkan

Svetlana Pashchenko

Income differences and health disparities: Roles of preventive vs. curative medicine

Serdar Ozkan

How to fund unemployment insurance with informality and false claims: Evidence from Senegal

Abdoulaye Ndiaye, Kyle Herkenhoff, Abdoulaye Cissé, Dell’Acqua, Alessandro and Ahmadou A. Mbaye

Comment on “How to fund unemployment insurance with informality and false claims: Evidence from Senegal” by Ndiaye, Herkenhoff, Cissé, Dell’Acqua, and Mbaye

Serdar Birinci

Occupational reallocation within and across firms: Implications for labor market polarization

Toshihiko Mukoyama, Naoki Takayama and Satoshi Tanaka

Singles, couples, time-averaging, and taxation

Hans A. Holter, Lars Ljungqvist, Thomas J. Sargent and Serhiy Stepanchuk

Heterogeneous job ladders

Katarína Borovičková and Claudia Macaluso

Discussion of “Singles, Couples, Time-Averaging, and Taxation”

Richard Blundell and Eric French

Comment on the alpha beta gamma of the labor market

Richard Rogerson

Comment on: “Occupational reallocation within and across firms: Implications for labor-market polarization” By T. Mukoyama, N. Takayama, and S. Tanaka

Sergio Salgado

Discussion of “Heterogeneous Job Ladders”

Gregor Jarosch

Discussion of “Joint Search Over the Life Cycle”

Alessandra Fogli

Discussion of “Shaping Inequality and Intergenerational Persistence of Poverty: Free college or better schools”

Veronica Guerrieri

Volume 149, issue C, 2025

Equilibrium yield curves with imperfect information

Hiroatsu Tanaka

Wealth shocks and portfolio choice

Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli and Geoff Kenny

Measuring monetary policy in the UK: The UK monetary policy event-study database

Robin Braun, Silvia Miranda-Agrippino and Tuli Saha

Subjective housing price expectations, falling natural rates, and the optimal inflation target

Klaus Adam, Oliver Pfäuti and Timo Reinelt

Do firm expectations respond to monetary policy announcements?

Federico Di Pace, Giacomo Mangiante and Riccardo M. Masolo

A theory of net capital flows over the global financial cycle

J. Scott Davis and Eric van Wincoop

Sovereign risk and Dutch disease

Carlos Esquivel

Optimal trend inflation in an open economy

Daeha Cho, Jung Hyun Kim, Kwang Hwan Kim and Suk Joon Kim

Female entrepreneurship in the U.S. 1982–2012: Implications for welfare and aggregate output

Pedro Bento

Style over substance? Advertising, innovation, and endogenous market structure

Laurent Cavenaile, Murat Alp Celik, Pau Roldan-Blanco and Xu Tian

Wage employment, unemployment and self-employment across countries

Markus Poschke

The collateral link between volatility and risk sharing

Sebastian Infante and Guillermo Ordoñez

Monetary policy, firm heterogeneity, and the distribution of investment rates

Matthias Gnewuch and Donghai Zhang

Who gains from corporate tax cuts?

James Cloyne, Ezgi Kurt and Paolo Surico

Neural network learning for nonlinear economies

Julian Ashwin, Paul Beaudry and Martin Ellison

Labor market effects of global supply chain disruptions

Mauricio Ulate, Jose P. Vasquez and Roman D. Zarate

Volume 148, issue S, 2024

Six beliefs I have about inflation: Remarks prepared for NBER conference on “Inflation in the Covid era and beyond”

N. Gregory Mankiw

The long and variable lags of monetary policy: Evidence from disaggregated price indices

S. Borağan Aruoba and Thomas Drechsel

Price discounts and cheapflation during the post-pandemic inflation surge

Alberto Cavallo and Oleksiy Kryvtsov

Comments on “Lessons from history for successful disinflation” by Christina D. Romer and David H. Romer

Donald Kohn

Partisan expectations and COVID-era inflation

Carola Conces Binder, Rupal Kamdar and Jane M. Ryngaert

Relative-price changes as aggregate supply shocks revisited: Theory and evidence

Hassan Afrouzi, Saroj Bhattarai and Edson Wu

Discussion of “Relative-price changes as aggregate supply shocks revisited: Theory and evidence” by Hassan Afrouzi, Saroj Bhattarai, Edson Wu

Raphael Schoenle

People’s understanding of inflation

Alberto Binetti, Francesco Nuzzi and Stefanie Stantcheva

Comment on “The long and variable lags of monetary policy: Evidence from disaggregated price indices” by S. Borağan Aruoba and Thomas Drechsel

Jonathan Wright

Lessons from history for successful disinflation

Christina D. Romer and David H. Romer

Discussion of “Who bears the costs of inflation? Euro area households and the 2021–2022 shock”

Klaus Adam

Inflation: What we have learned and what we need to know

Jan Hatzius

A global perspective on post pandemic inflation and its retreat: Remarks prepared for NBER conference on “inflation in the COVID era”

Richard Clarida

Understanding the international rise and fall of inflation since 2020

Mai Chi Dao, Pierre-Olivier Gourinchas, Daniel Leigh and Prachi Mishra

Partisan expectations and COVID era inflation: A comment

Felix Aidala, Olivier Armantier, Giorgio Topa and Wilbert van der Klaauw

Phillips meets Beveridge

Régis Barnichon and Adam Hale Shapiro

Price discounts and cheapflation during the post-pandemic inflation surge: A comment

Joseph Vavra

Who bears the costs of inflation? Euro area households and the 2021–2023 shock

Filippo Pallotti, Gonzalo Paz-Pardo, Jiri Slacalek, Oreste Tristani and Giovanni L. Violante

Discussion of “Phillips meets Beveridge,” by Regis Barnichon and Adam Shapiro

Katharine G. Abraham

Comments on Alberto Binetti, Francesco Nuzzi, and Stefanie Stantcheva “people's understanding of inflation”

Robert J. Shiller

Discussion of “Understanding the international rise and fall of inflation since 2020”

Susanto Basu

Volume 148, issue C, 2024

Contagion in debt and collateral markets

Jin-Wook Chang and Grace Chuan

A theory of the dynamics of factor shares

Michele Boldrin, David K. Levine, Yong Wang and Lijun Zhu

Learning about labor markets

Jake Bradley and Lukas Mann

Tiers of joy? Reserve tiering and bank behavior in a negative-rate environment

Andreas Fuster, Tan Schelling and Pascal Towbin

The macroeconomic effects of universal basic income programs

André Victor Doherty Luduvice

Tariff wars, unemployment, and top incomes

Elias Dinopoulos, Gunnar Heins and Bulent Unel

Shopping behavior and the effect of monetary policy on inflation heterogeneity along the income distribution

Miguel Ampudia, Michael Ehrmann and Georg Strasser

Credit cards, credit utilization, and consumption

Scott L. Fulford and Scott D. Schuh