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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.
SIMILAR ARTICLES
Highlights • Friedman rule assumes a source of finance: lump-sum taxation. • Lump-sum taxes are like a debt obligation. • If people are permitted to
Read MoreHighlights • We link the boom that preceded the "Great Recession" and the eventual bust together. • Expected gains from financial innovations may hav
Read MoreHighlights • Endogenous investment booms and busts arise in a rational expectations framework. • Aggregate distortions exist despite the design of op
Read MoreHighlights • An economy where defaulters lose collateral and exclusion occurs probabilistically. • A higher exclusion probability implies better enfo
Read MoreHighlights • The regional availability of bond and bank financing induces debt inflexibility. • Inflexibility limits the firm's ability to replace ba
Read MoreHighlights • We study economic growth through eliminating rather than augmenting non-reproducible factors. • We obtain the balanced growth path and c
Read MoreHighlights • This paper shows that investor sentiment helps account for the forward premium puzzle. • The same mechanism helps account for other styl
Read MoreHighlights • Macro model with banks. • Bank runs and endogenous bank capital. • Risk taking channel. • Endogenous risk formation. • Optimal an
Read MoreHighlights • Government investment in public capital forecasts high risk premiums. • Result is in contrast with negative link between private invest
Read MoreHighlights • We propose two system-based identification-robust methods for DSGE models. • Valid under weak identification and auxiliary assumptions
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