BEJM Contributions Articles
Contributions articles make important contributions to specific literatures within macroeconomics. They are suitable for publication in a very good general-interest or field journal, such as the European Economic Review or the Journal of Money, Credit, and Banking. Papers should be of interest to everyone working on the subject of the paper and of general interest in the area with which the paper is concerned. The publication rate is 16%.Volume 10 (2010) - Issue 1 (Contributions)
A Model of the Exchange Rate with Informational Frictions
Enrique Martínez-García
Communication, Innovation, and Growth
Romans Pancs
Volume 9 (2009) - Issue 1 (Contributions)
Monetary Policy and Central Bank Balance Sheet Concerns
Tiago C. Berriel and Saroj Bhattarai
The Transmission of Foreign Interest Rate Shocks to a Small-Open Economy: The Role of External Debt and Financial Integration
Ufuk D. Demirel
Money and Barter under Private Information
Enchuan Shao
The Cost of Cyclical Mortality
Ryan D. Edwards
Interest Rate Conundrum
Roger Craine and Vance L. Martin
Rational Inattention and Aggregate Fluctuations
Yulei Luo and Eric R. Young
Optimal Monetary Policy in a Financially Fragile Economy
Ufuk D. Demirel
Settlement Systems
Benjamin Lester
A Model of Sequential City Growth
David Cuberes
Does Model Uncertainty Justify Conservatism? Robustness and the Delegation of Monetary Policy
Peter Tillmann
To Work or Not to Work: Did Tax Reforms Affect Labor Force Participation of Married Couples?
Michael Bar and Oksana Leukhina
Foreign Aid, Donor Fragmentation, and Economic Growth
Kurt Annen and Stephen Kosempel
The Response of Household Expenditure to Anticipated Income Changes: Bonus Payments and the Seasonality of Consumption in Japan
Masahiro Hori and Satoshi Shimizutani
Of Nutters and Doves
Martin R. Bodenstein and Roc Armenter
Volume 8 (2008) - Issue 1 (Contributions)
Growth-Led Exports: Implications for the Cross-Country Effects of Shocks to Potential Output
Joseph E. Gagnon
Monetary Policy and Fiscal Rules
Barbara Annicchiarico, Giancarlo Marini, and Alessandro Piergallini
Choosing Longevity with Overlapping Generations: To Be or Not to Be in Diamond's Model
Weichun Chen, Merwan H. Engineer, and Ian P. King
Nonlinear Taylor Rules and Asymmetric Preferences in Central Banking: Evidence from the United Kingdom and the United States
Alex Cukierman and Anton Muscatelli
Baumol's Diseases: A Macroeconomic Perspective
William D. Nordhaus
Employment Growth in the American Urban Hierarchy: Long Live Distance
Mark D. Partridge, Dan S. Rickman, Kamar Ali, and M. Rose Olfert
Endogenous Persistence and the Performance of Inertial Targeting Rules
Michael S. Hanson and Pavel S. Kapinos
Convergence by Parts
James D. Feyrer
Great Moderation(s) and US Interest Rates: Unconditional Evidence
James M. Nason and Gregor W. Smith
Volume 7 (2007) - Issue 1 (Contributions)
The Arrow Effect under Competitive R&D
Guido Cozzi
Openness, Wage Floors and Technology Change
Winfried Koeniger
Nominal Debt Dynamics, Credit Constraints and Monetary Policy
Liam Graham and Stephen Wright
TFP Differences and the Aggregate Effects of Labor Mobility in the Long Run
Paul Klein and Gustavo J. Ventura
Specialization Patterns and the Factor Bias of Technology
Alejandro Cuñat and Marco Maffezzoli
Inspecting the Mechanism Exactly: A Closed-form Solution to a Stochastic Growth Model
William T. Smith
ICT and Productivity Resurgence: A Growth Model for the Information Age
Francesco Venturini
The Response of Business Fixed Investment to Changes in Energy Prices: A Test of Some Hypotheses about the Transmission of Energy Price Shocks
Paul Edelstein and Lutz Kilian
Volume 6 (2006) - Issue 1 (Contributions)
Inflation Inertia in Sticky Information Models
Olivier Coibion
A Closed Form Solution to the Ramsey Model
William T. Smith
Convergence and Stability in U.S. Employment Rates
Robert Rowthorn and Andrew J. Glyn
What Does the Solow Model Tell Us about Economic Growth?
Toshihiro Okada
Consumption and Health
David Domeij and Magnus Johannesson
Capital Maintenance versus Technology Adoption Under Embodied Technical Progress
Raouf Boucekkine, Blanca Martínez, and Cagri Saglam
Does Inflation Grease the Wheels of the Labor Market?
Ana Maria Loboguerrero and Ugo Panizza
Price-Level Determinacy, Lower Bounds on the Nominal Interest Rate, and Liquidity Traps
Ragna Alstadheim and Dale W. Henderson
Real Business Cycle Theory and the Great Depression: The Abandonment of the Abstentionist Viewpoint
Michel R. De Vroey and Luca Pensieroso
Volume 5 (2005) - Issue 1 (Contributions)
The Effects of Industrialization on Education and Youth Labor in Indonesia
Maya Federman and David I. Levine
A Closed Form Ramsey Saddle Path
Halvor Mehlum
Hiccups for HIPCs? Implications of Debt Relief for Fiscal Sustainability and Monetary Policy
Craig Burnside and Domenico Fanizza
The Buffer-Stock Consumption Model with Endogenous Income Shifts
Nikolaj Malchow-Møller and Bo Jellesmark Thorsen
Capital-Skill Complementarity and Rigid Relative Wages: Inference from the Business Cycle
Jan R. Skaksen and Anders Sorensen
Indeterminacy and the Stability Puzzle in Non-Convex Economies
George W. Evans and Bruce McGough
The Underestimated Virtues of the Two-sector AK Model
Gabriel J. Felbermayr and Omar Licandro
Exchange Rates and Fiscal Adjustments: Evidence from the OECD and Implications for the EMU
Luisa Lambertini and José A. Tavares
The 3-Equation New Keynesian Model --- A Graphical Exposition
Wendy Carlin and David Soskice
Volume 4 (2004) - Issue 1 (Contributions)
Aggregate Price Changes and Dispersion: A Comparison of the Equity and Goods and Services Markets
David C. Parsley and Helen A. Popper
Dissemination of Technology in Market and Planned Economies
Maurizio Iacopetta
Interest-Rate Smoothing: Monetary Policy Inertia or Unobserved Variables?
Petra Gerlach-Kristen
Endogenous Distribution, Politics, and the Growth-Equity Tradeoff
Satya P. Das and Chetan Ghate
Tariffs, Entry Regulation and Markups: Country Size Matters
Bernard Hoekman, Hiau Looi Kee, and Marcelo Olarreaga
Schumpeterian Growth, North-South Trade and Wage Rigidity
Wolf-Heimo Grieben
Do Federal Reserve Policy Surprises Reveal Superior Information about the Economy?
Jon Faust, Eric T. Swanson, and Jonathan H. Wright
Bailouts and Bank Runs in a Model of Crony Capitalism
Gianluca Femminis and Luigi Ruggerone
Multiple Equilibria in Heterogeneous Expectations Models
William Branch and Bruce McGough
Volume 3 (2003) - Issue 1 (Contributions)
Optimal Monetary Policy and the Correlation between Prices and Output
James Peery Cover and Paul Pecorino
Are Banking Supervisory Data Useful for Macroeconomic Forecasts?
Ron J. Feldman, Jan Kim, Preston J. Miller, and Jason E. Schmidt
An Analytical Approach to the Welfare Cost of Business Cycles and the Benefit from Activist Monetary Policy
Michael T. Kiley
Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules
William B. English, William R. Nelson, and Brian P. Sack
Idle Capital and Long-Run Productivity
Carl-Johan Dalgaard
Parente and Prescott's Theory May Work in Practice But Does Not Work in Theory
Guido Cozzi and Luis-Felipe Palacios
Explaining Movements in the Labor Share
Samuel Bentolila and Gilles Saint-Paul
Endogenous Growth with Intertemporally Dependent Preferences
Giuseppe Ferraguto and Patrizio Pagano
On the Friedman Rule in Search Models with Divisible Money
Aleksander Berentsen and Guillaume Rocheteau
Finance Causes Growth: Can We Be So Sure?
Mark J. Manning
Volume 2 (2002) - Issue 1 (Contributions)
Inflation Stabilization and Welfare
Michael Woodford
Determinants of Current Account Deficits in Developing Countries
Cesar Augusto Calderon, Alberto Chong, and Norman V. Loayza
On Modeling the Effects of Inflation Shocks
Ray C. Fair
Do Rich Countries Choose Better Governments?
Costas Azariadis and Amartya Lahiri
Controlling the Price Level
Robert Hall
Divergence
Patricia E. Beeson and David N. DeJong
Finance and Macroeconomic Volatility
Cevdet A. Denizer, Murat F. Iyigun, and Ann Owen
Volume 1 (2001) - Issue 1 (Contributions)
Growth Implosions and Debt Explosions: Do Growth Slowdowns Cause Public Debt Crises?
William R. Easterly
Fiscal Policy and Human Capital Accumulation in a Home Production Economy
Tor Einarsson and Milton Harrison Marquis