Warehouse / JEL /
E44
E44
17 papers tracked
4 forthcoming
Showing 17 papers
Published
Journal of Monetary Economics
1 Dec 2025
Aggregate demand externality and self-fulfilling default cyclesJess Benhabib · Feng Dong · Pengfei Wang · Zhenyang Xu
Layer 1 — Overview Research Question. Why do corporate defaults cluster in recurring episodes rather than occurring smoothly? The paper asks whether observable fundamental factors — firm …
Published
Quarterly Journal of Economics
23 Jun 2025
Barriers to Global Capital AllocationBruno Pellegrino · Enrico Spolaore · Romain Wacziarg
Overview Research Question. Why do observed international investment positions and cross-country differences in rates of return to capital fail to conform to a frictionless capital-market benchmark? …
Published
Journal of Monetary Economics
1 Apr 2026
Climate change and the macroeconomics of bank capital regulationFrancesco Giovanardi · Matthias Kaldorf
Layer 1 — Overview Research Question
This paper asks two related questions about the intersection of climate policy and bank capital regulation. First, can differentiated bank capital requirements — …
Forthcoming
Journal of Monetary Economics
1 Jan 2026
Consumer durables and monetary policy according to HANKEmil Holst Partsch · Ivan Petrella · Emiliano Santoro
Layer 1 — Overview Research Question Consumer durables account for a disproportionately large share of household expenditure fluctuations despite their small share of total private consumption. Two …
Online First
Review of Economic Studies
23 Jan 2026
Destabilizing Capital Flows amid Global InflationJulien Bengui · Louphou Coulibaly
Layer 1 — Overview Research Question
Bengui and Coulibaly ask whether the pattern of capital flows observed during the 2021–2023 global monetary tightening cycle — whereby capital flowed from …
Online First
Review of Economic Studies
3 Jun 2026
Income Inequality and Job CreationSebastian Doerr · Thomas Drechsel · Donggyu Lee
The paper establishes a causal link from rising top income shares to reduced net job creation at small firms, working through a bank funding channel rooted in non-homothetic household portfolio …
Published
Journal of Monetary Economics
1 Jan 2026
Inequality and asset prices during Sudden StopsSergio Villalvazo
Layer 1 — Overview Research Question
This paper studies the cross-sectional dimension of Fisher’s (1933) debt-deflation mechanism as it operates during Sudden Stop crises — episodes …
Online First
Review of Economic Studies
15 May 2026
Loose Monetary Policy and Financial InstabilityMaximilian Grimm · Òscar Jordà · Moritz Schularick · Alan M. Taylor
This paper provides the first long-run causal evidence that a persistently loose stance of monetary policy — defined as extended periods of low interest rates relative to the neutral rate — …
Online First
Review of Economic Studies
21 May 2026
Money Markets, Collateral and Monetary PolicyFiorella De Fiore · Marie Hoerova · Ciaran Rogers · Harald Uhlig
The paper studies the euro area interbank money markets during the global financial crisis (2007–09) and sovereign debt crisis (2010–15), documenting four empirical regularities and building a …
Online First
Review of Economic Studies
19 Sep 2025
On the Optimal Design of a Financial Stability FundÁrpád Ábrahám · Eva Carceles-Poveda · Yan Liu · Ramon Marimon
Layer 1 — Overview Research Question
This paper asks how to optimally design a Financial Stability Fund (Fund) for a union of sovereign countries that must simultaneously (i) prevent sovereign …
Online First
Journal of Money, Credit and Banking
12 Dec 2025
Redistributive Policy Shocks and Monetary Policy with Heterogeneous AgentsOjasvita Bahl · Chetan Ghate · Debdulal Mallick
Layer 1 — What this paper finds and why it matters Governments in emerging market and developing economies (EMDEs) routinely intervene in agricultural markets — procuring grain and redistributing it …
Forthcoming
Journal of Monetary Economics
The housing wealth effect: Quasi-experimental evidenceJesper Böjeryd · Roine Vestman · Björn Tyrefors · Dany Kessel
This paper estimates a causal housing wealth effect on consumption using a quasi-natural experiment in Stockholm, Sweden. The identification exploits an unanticipated political decision — announced in …