We turn to financial market data in an effort to uncover a measure of monetary policy shocks that is less subject to these criticisms. The Journal of Monetary Economics is a peer-reviewed academic journal covering research on macroeconomics and monetary economics.It is published by Elsevier and was established in October 1973 by Karl Brunner and Charles I. Plosser.Beginning in 2002, it was merged with the Carnegie-Rochester Conference Series on Public Policy. Journal of Monetary Economics 70 (2015) 22–38. The Journal of Monetary Economics has eight regular issues per year, with the Carnegie-Rochester Conference Series on Public Policy as the January and July issues. 28 M.K. Editors particularly encourage the submission of papers that are relevant for economic policy and bridge the gap between theory and policy in macroeconomics and finance. Regular supplementary volumes are devoted to topics of central importance to both modern theoretical research and present economic reality. Journal of Monetary Economics: Home Authors JME style Referees Subscribers Conferences FAQ JME style requirements General formatting. 72 O. Coibion et al. 2 C.N. Following Kuttner (2001), Gürkaynak et al. Benefits to authors We also provide many author benefits, such as free PDFs, a liberal copyright policy, special discounts on Elsevier publications and much more. Read the latest articles of Journal of Monetary Economics at ScienceDirect.com, Elsevier’s leading platform of peer-reviewed scholarly literature Fig. Review Speed. Peretto / Journal of Monetary Economics xxx (xxxx) xxx ARTICLE IN PRESS JID: MONEC [m3Gsc;January 24, 2020;11:54] The last phase is crucial: not only economic growth no longer requires a growing physical resource base, but technolog- ARTICLE IN PRESS Although these two premises are not in any sense in conflict, almost all work on aggregate labor market outcomes adopts one or the other but not both. While the average responses of total income and labor earnings are broadly similar across the two groups, consumption and, to a lesser extent, total expenditures rise significantly more for high net-worth households than low Therefore, you should first check whether the aspects of the reports that you disagree with seem to be decisive to the editor. Embargo Period For subscription articles, an appropriate amount of time is needed for journals to deliver value to subscribing customers before a manuscript becomes available for free to the public. The journal's emphasis is on empirical studies on monetary economics, international economics, financial economics and financial markets from developed and developing economies. Pass-through funding. Main Journal of Monetary Economics. We are thrilled to announce that the Journal of Monetary Economics establishes an annual Best Paper Award. Welcome to the Journal of Monetary Economics. occasionally binding constraints without adaptation. 1 shows a graph of the yield on a 10-year nominal bond and the equity yield (using dividends) for The published journal article cannot be shared publicly, for example on ResearchGate or Academia.edu, to ensure the sustainability of peer-reviewed research in journal publications. The Journal of Monetary Economics has eight regular issues per year, with the Carnegie-Rochester Conference Series on Public Policy as the January and July issues. The award carries a stipend of $10,000. Together with the Journal of Finance and the Review of Financial Studies, it is considered to be among the top three finance journals. Benefits to authors We also provide many author benefits, such as free PDFs, a liberal copyright policy, special discounts on Elsevier publications and much more. 3.48 %. If you typeset this new document, you should see the material that is printed here. The award is given to a paper for its originality and contributions to the field. I … Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it considers how money, for example fiat currency, can gain acceptance purely because of its convenience as a public good. (2005) and Piazzesi and Swanson (2008) monetary policy shocks are Peretto and S. Valente / Journal of Monetary Economics xxx (xxxx) xxx ARTICLE IN PRESS JID: MONEC [m3Gsc;March 7, 2020;3:29 ] Given the fertility decline in the industrialized world, applied research needs models that explain not only how fertility falls Economics, Econometrics and Finance Economics and Econometrics Finance: Publisher: Inderscience Publishers: Publication type: Journals: ISSN: 17520487, 17520479: Coverage: 2011-2019: Scope: International money, banking and finance have become central to understanding how modern open economies and national economic policies work and interact. The Journal of Monetary Economics was founded in 1975, and quickly established itself as the leading professional journal in macroeconomics.It is consistently ranked as one of the top journals in economics, and it is widely read by macroeconomists, financial economists, central bankers, and many others. Eligible papers are published in the Journal in the previous two years. & CB ALHouseholds Money Money Deposits B-Debt ALBanks B-Debt Deposits Fig. Journal of Monetary Economics Self-Citation Ratio. During the review and evaluation process, manuscripts should be submitted in double spaced format using 12 point type and with 1 inch margins. CiteScore: 4.4 ℹ CiteScore: 2019: 4.4 CiteScore measures the average citations received per peer-reviewed document published in this title. / Journal of Monetary Economics 108 (2019) 162–179 on nonlinearity, and finally on using our methodology for the analysis of policy news that do not come out on Governing Council policy dates. / Journal of Monetary Economics 93 (2018) 1–20 We begin by assessing the magnitude of product creation and destruction in the consumer goods sector over the period from 2007Q1 to 2013Q4. We use detailed product- and firm-level … 2 D. Argente et al. Journal description. Journal Impact. SJR SNIP H-Index Citescore. other hand, warn against the replacement of private media of exchange. relationship between income and democracy in a panel of countries and to control for country fixed effects. Journal of Monetary Economics. Journal of Monetary Economics 57 (2010) 278–294. This is reflected in the fact that the two … CiteScore values are based on citation counts in a range of four years (e.g. The profession has witnessed over the past twenty years a remarkable expansion of research activities bearing on problems in the broader field of monetary economics. Controlling for fixed effects is not only a simple and transparent strategy, but is also in the spirit of the critical junctures hypothesis, since Brunnschweiler, P.F. Journal of Monetary Economics 60 (2013) 950–966. The latter series was established in 1976 and had been … Journal of Monetary Economics 56 (2009) 1043–1058. 1. 3. Publisher: Elsevier Science: ISSN: 0304-3932: Description: The profession has witnessed over the past twenty years a remarkable expansion of research activities bearing on problems in the broader field of monetary economics. Asness, 2003) and academics (see for instance Thomas and Zhang, 2008) have long been struck by the strength of the empirical regularity. Journal of Monetary Economics; Acceptance Rate. / Journal of Monetary Economics 88 (2017) 70–89 financial income. In particular, there is an ongoing debate about why central bank com- munication moves long-run interest rates well outside the window within which central banks seek to obtain their policy goals. North-Holland THE EQUITY PREMIUM A Puzzle* Rajnish MEHRA Columbia University, New York, NY 10027, USA Edward C. PRESCOTT Federal Reserve Bank of Minneapolis University of Minnesota, Minneapolis, MN 5545.5, USA. 2 P.F. Under the option SHELL FILES, choose Journal of Monetary Economics; You will get a new document: save it with a new name (like jme.tex). Referees and associate editors only provide advice. Keep in mind that the editors at the Journal of Monetary Economics make the ultimate decisions. Gürkaynak et al. Read the latest articles of Journal of Monetary Economics at ScienceDirect.com, Elsevier’s leading platform of peer-reviewed scholarly literature Journal of Monetary Economics 55 (2008) 961–979. capital). Research Hotspot. The IUP Journal of Monetary Economics* is a quarterly economics journal focusing on macroeconomic policy issues, money markets, monetary standards and regimes, government and monetary system, monetary policy and central banking, monetary policy designs and consistency, stabilization policy. 186 S. Hansen, M. McMahon and M. Tong / Journal of Monetary Economics 108 (2019) 185–202 channels through which this occurs are often unclear. The Journal of Financial Economics or JFE is a peer-reviewed academic journal covering theoretical and empirical topics in financial economics. Specializing in mathematical economic theory, Journal of Economics focuses on microeconomic theory while also publishing papers on macroeconomic topics as well as econometric case studies of general interest. Our analysis builds on an insight that has been used extensively in the literature on the effects of attaining the zero-lower bound on nominal interest rates.4 That insight is that occasionally 164 C. Altavilla, L. Brugnolini and R.S. Brunnermeier and D. Niepelt / Journal of Monetary Economics 106 (2019) 27–41 ALGov. The organizing committee of the next conference is Dirk Niepelt (U. Bern) and Ricardo Reis (LSE), and it will be held in October of 2020. 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