Research classified by Journal of Economic Literature (JEL) codes

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Top JEL
/ E: Macroeconomics and Monetary Economics
/ / E3: Prices, Business Fluctuations, and Cycles
/ / / E32: Business Fluctuations; Cycles

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This JEL code is mentioned in the following RePEc Biblio entries:

1. Estimated DSGE Models
2. Dynamic Factor Models
3. Real Business Cycle Theory
4. Labor in RBC models
5. International RBC

2025

• Sharma, Vivek, 2025, "Real effects of bank shocks," Journal of Financial Stability, Elsevier, volume 81, issue C, DOI: 10.1016/j.jfs.2025.101475.
• Chen, Sihao, 2025, "International production networks and the propagation of financial shocks," Journal of International Economics, Elsevier, volume 153, issue C, DOI: 10.1016/j.jinteco.2024.104039.
• Romero, Damian, 2025, "Domestic linkages and the transmission of commodity price shocks," Journal of International Economics, Elsevier, volume 153, issue C, DOI: 10.1016/j.jinteco.2024.104041.
• Beqiraj, Elton & Cao, Qingqing & De Haas, Ralph & Minetti, Raoul, 2025, "Global banking and macroeconomic stability. Liquidity, control, and monitoring," Journal of International Economics, Elsevier, volume 155, issue C, DOI: 10.1016/j.jinteco.2025.104077.
• Poilly, Céline & Tripier, Fabien, 2025, "Regional trade policy uncertainty," Journal of International Economics, Elsevier, volume 155, issue C, DOI: 10.1016/j.jinteco.2025.104078.
• Beqiraj, Elton & Cao, Qingqing & De Haas, Ralph & Minetti, Raoul, 2025, "Reprint of: Global banking and macroeconomic stability. Liquidity, control, and monitoring," Journal of International Economics, Elsevier, volume 156, issue C, DOI: 10.1016/j.jinteco.2025.104133.
• Poilly, Céline & Tripier, Fabien, 2025, "Reprint of: Regional trade policy uncertainty," Journal of International Economics, Elsevier, volume 156, issue C, DOI: 10.1016/j.jinteco.2025.104134.
• Jo, Yoon Joo, 2025, "Beyond the spike at zero: Understanding nominal wage rigidity through empirical and model-based approaches," Journal of International Economics, Elsevier, volume 157, issue C, DOI: 10.1016/j.jinteco.2025.104117.
• Boeck, Maximilian & Mori, Lorenzo, 2025, "Has globalization changed the international transmission of U.S. monetary policy?," Journal of International Economics, Elsevier, volume 157, issue C, DOI: 10.1016/j.jinteco.2025.104139.
• Patel, Nikhil & Peralta-Alva, Adrian, 2025, "High public debts: Are shocks or discretionary fiscal policy to blame?," Journal of International Economics, Elsevier, volume 158, issue C, DOI: 10.1016/j.jinteco.2025.104130.
• Alessandri, Piergiorgio & Mumtaz, Haroon, 2025, "The macroeconomic cost of temperature risk," Journal of International Economics, Elsevier, volume 158, issue C, DOI: 10.1016/j.jinteco.2025.104157.
• Ghironi, Fabio & Ozhan, Galip Kemal, 2025, "Interest rate uncertainty as a policy tool?," Journal of International Economics, Elsevier, volume 158, issue C, DOI: 10.1016/j.jinteco.2025.104180.
• Casal, Lucía & Guntin, Rafael, 2025, "The business cycle volatility puzzle: Emerging vs developed economies," Journal of International Economics, Elsevier, volume 158, issue C, DOI: 10.1016/j.jinteco.2025.104182.
• Doojav, Gan-Ochir & Juragat, Arman, 2025, "Nonlinearities and state-dependence in the monetary transmission mechanism: Evidence from a commodity-dependent economy," International Economics, Elsevier, volume 184, issue C, DOI: 10.1016/j.inteco.2025.100640.
• Enya, Masahiro & Kohsaka, Akira & Matsuki, Takashi & Shinkai, Jun-ichi & Sugimoto, Kimiko, 2025, "Global factors, regional factors, and macro-financial linkages: Business cycles in emerging market economies in East Asia and Europe," International Economics, Elsevier, volume 184, issue C, DOI: 10.1016/j.inteco.2025.100649.
• Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2025, "Could an economy get stuck on a rational pessimism sunspot path? The case of Japan," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 101, issue C, DOI: 10.1016/j.intfin.2025.102142.
• Li, Rui & Li, Jianping & Zhu, Xiaoqian, 2025, "Downside belief disagreements and financial instability: Evidence from risk factor disclosures in U.S. financial institutions’ 10-K filings," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 99, issue C, DOI: 10.1016/j.intfin.2025.102118.
• Ha, Jongrim & Kose, M. Ayhan & Otrok, Christopher & Prasad, Eswar S., 2025, "Global macro-financial cycles and spillovers," Journal of Banking & Finance, Elsevier, volume 178, issue C, DOI: 10.1016/j.jbankfin.2025.107512.
• Fernández Lafuerza, Luis & Galán, Jorge E., 2025, "Credit standards and corporate loan default. Insights for macroprudential policy," Journal of Banking & Finance, Elsevier, volume 181, issue C, DOI: 10.1016/j.jbankfin.2025.107566.
• Pangallo, Marco, 2025, "Synchronization of endogenous business cycles," Journal of Economic Behavior & Organization, Elsevier, volume 229, issue C, DOI: 10.1016/j.jebo.2024.106827.
• Qiu, Yajie & Deschamps, Bruno, 2025, "Peer influence in macroeconomic predictions," Journal of Economic Behavior & Organization, Elsevier, volume 236, issue C, DOI: 10.1016/j.jebo.2025.107129.
• Guido, Andrea & Martínez-Marquina, Alejandro & Rholes, Ryan, 2025, "Reference dependence and the role of information frictions," Journal of Economic Behavior & Organization, Elsevier, volume 237, issue C, DOI: 10.1016/j.jebo.2025.107169.
• Dubois, Loick & Sahuc, Jean-Guillaume & Vermandel, Gauthier, 2025, "A general equilibrium approach to carbon permit banking," Journal of Environmental Economics and Management, Elsevier, volume 129, issue C, DOI: 10.1016/j.jeem.2024.103076.
• Crofils, Cédric & Gallic, Ewen & Vermandel, Gauthier, 2025, "The dynamic effects of weather shocks on agricultural production," Journal of Environmental Economics and Management, Elsevier, volume 130, issue C, DOI: 10.1016/j.jeem.2024.103078.
• Nishimura, Kazuo & Pelgrin, Florian & Venditti, Alain, 2025, "Business cycles fluctuations in three-sector intertemporal equilibrium models," Journal of Economic Theory, Elsevier, volume 226, issue C, DOI: 10.1016/j.jet.2025.106010.
• Kim, Eungsik & Li, Jiayi, 2025, "Endogenous business cycles in overlapping generations models with time inconsistency," Journal of Economic Theory, Elsevier, volume 230, issue C, DOI: 10.1016/j.jet.2025.106104.
• Alfaro, Iván & Park, Hoonsuk, 2025, "Firm uncertainty and households: Spending, savings, and risks," Journal of Financial Economics, Elsevier, volume 172, issue C, DOI: 10.1016/j.jfineco.2025.104143.
• Larson, William D. & Makridis, Christos A. & Redmer, Chad A., 2025, "Borrower expectations and mortgage performance: Evidence from the COVID-19 pandemic," Journal of Financial Intermediation, Elsevier, volume 64, issue C, DOI: 10.1016/j.jfi.2025.101181.
• Alvarado, Mauricio & Rodríguez, Gabriel, 2025, "Time-varying effects of financial uncertainty shocks on macroeconomic fluctuations in Peru," Journal of International Money and Finance, Elsevier, volume 152, issue C, DOI: 10.1016/j.jimonfin.2025.103276.
• Skaperdas, Arsenios, 2025, "Industry growth at the lower bound," Journal of International Money and Finance, Elsevier, volume 152, issue C, DOI: 10.1016/j.jimonfin.2025.103283.
• Houari, Oussama & Bennani, Hamza & Bro de Comères, Quentin, 2025, "Climate risks and economic activity in France: Evidence from media coverage," Journal of International Money and Finance, Elsevier, volume 155, issue C, DOI: 10.1016/j.jimonfin.2025.103340.
• Beutel, Johannes & Emter, Lorenz & Metiu, Norbert & Prieto, Esteban & Schüler, Yves, 2025, "The global financial cycle and macroeconomic tail risks," Journal of International Money and Finance, Elsevier, volume 156, issue C, DOI: 10.1016/j.jimonfin.2025.103342.
• Bontempi, Maria Elena & Charemza, Wojciech & Makarova, Svetlana, 2025, "Economic uncertainty measures, experts and large language models," Journal of International Money and Finance, Elsevier, volume 157, issue C, DOI: 10.1016/j.jimonfin.2025.103369.
• Comunale, Mariarosaria & Nguyen, Anh Dinh Minh, 2025, "A comprehensive MacroEconomic uncertainty measure for the euro area and its implications to COVID-19," Journal of International Money and Finance, Elsevier, volume 157, issue C, DOI: 10.1016/j.jimonfin.2025.103370.
• Basistha, Arabinda, 2025, "A Markov-switching dynamic factor framework for dating global economic cycles," Journal of International Money and Finance, Elsevier, volume 157, issue C, DOI: 10.1016/j.jimonfin.2025.103377.
• Kim, Jinhwan & Cho, Hoon & Ryu, Doojin, 2025, "Does risk aversion predict the future real economy?," Journal of International Money and Finance, Elsevier, volume 157, issue C, DOI: 10.1016/j.jimonfin.2025.103392.
• Fierro, Luca Eduardo & Martinoli, Mario, 2025, "An empirical inquiry into the distributional consequences of energy price shocks," Journal of International Money and Finance, Elsevier, volume 159, issue C, DOI: 10.1016/j.jimonfin.2025.103421.
• Garcia-Revelo, José & Levieuge, Grégory & Sahuc, Jean-Guillaume, 2025, "Revisiting 15 years of unusual transatlantic monetary policies," Journal of International Money and Finance, Elsevier, volume 159, issue C, DOI: 10.1016/j.jimonfin.2025.103441.
• Yano, Ritsu & Nakazono, Yoshiyuki & Tango, Kento, 2025, "The transmission of monetary policy shocks: Evidence from Japan," Journal of the Japanese and International Economies, Elsevier, volume 75, issue C, DOI: 10.1016/j.jjie.2024.101349.
• Fukuda, Shin-ichi, 2025, "Short-run and long-run consequences of unconventional monetary policy in Japan," Journal of the Japanese and International Economies, Elsevier, volume 77, issue C, DOI: 10.1016/j.jjie.2025.101375.
• Nicolas M. Burotto, 2025, "A Model of External Debt Sustainability and Monetary Hierarchy," Economics Working Paper Archive, Levy Economics Institute, number wp_1087, Jul.
• Leonardo Burlamaqui, 2025, "Creative Destruction Meets Financial Instability: Toward a New Synthesis," Economics Working Paper Archive, Levy Economics Institute, number wp_1098, Oct.
• Anup Mulay & Anthony Savagar, 2025, "Optimal Firm Entry with Returns to Scale," Bank of Lithuania Working Paper Series, Bank of Lithuania, number 129, Jan.
• Patrick Gruning, 2025, "The Economic Impact of the Deposit Interest Rate Adjustment Speed," Working Papers, Latvijas Banka, number 2025/05, Aug.
• Cardona-Arenas Carlos David, 2025, "New Insights into Colombia’s Urban Vacancies–Unemployment Nexus: Estimation Using Equilibrium and Long-Term Unemployment," Review of Economics, De Gruyter, volume 76, issue 2, pages 107-141, DOI: 10.1515/roe-2024-0061.
• Benjamin Schwanebeck & Luzie Thiel, 2025, "The Supply-Side Effects of Household Heterogeneity," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202503.
• Alok Johri, 2025, "Sovereign Default, Foreign Exchange-in-Advance Constraints, and Endogenous Default Costs," Department of Economics Working Papers, McMaster University, number 2025-06, Aug.
• Valerio Dionisi, 2025, "The Horizontal Geometry of Production Networks," Working Papers, University of Milano-Bicocca, Department of Economics, number 559, Oct.
• Alicia Garcia Herrero, 2025, "How Close Is China's Medium-Term Outlook to That of Japan? An Economic-Historical Perspective," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), volume 24, issue 3, pages 23-51.
• Olivier De Jonghe & Tong Zhao & Hans Degryse & Luc Laeven, 2025, "Collateral and credit," Working Paper Research, National Bank of Belgium, number 482, Sep.
• Mariusz Kapuściński, 2025, "The credit cycle does exist," Bank i Kredyt, Narodowy Bank Polski, volume 56, issue 3, pages 361-380.
• Łukasz Postek & Małgorzata Walerych, 2025, "Immigration (from Ukraine) and labour market in Poland – evidence from Bayesian VAR models," NBP Working Papers, Narodowy Bank Polski, number 373.
• Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2025, "Trade-Offs over Rate Cycles: Activity, Inflation, and the Price Level," NBER Chapters, National Bureau of Economic Research, Inc, "NBER Macroeconomics Annual 2025, volume 40".
• Karen Dynan & Douglas Elmendorf, 2025, "Lessons for Automatic Fiscal Stabilizers from the Great Recession and the COVID-19 Recession," NBER Chapters, National Bureau of Economic Research, Inc, "Tax Policy and the Economy, Volume 40".
• Cosmin L. Ilut & Ralph Luetticke & Martin Schneider, 2025, "HANK's Response to Aggregate Uncertainty in an Estimated Business Cycle Model," NBER Working Papers, National Bureau of Economic Research, Inc, number 33331, Jan.
• Saki Bigio & Akira Ishide, 2025, "New Keynesian Economics through the Extensive Margin," NBER Working Papers, National Bureau of Economic Research, Inc, number 33332, Jan.
• Santiago Alvarez-Blaser & Raphael Auer & Sarah M. Lein & Andrei A. Levchenko, 2025, "The Granular Origins of Inflation," NBER Working Papers, National Bureau of Economic Research, Inc, number 33404, Jan.
• Jesús Fernández-Villaverde & Yiliang Li & Le Xu & Francesco Zanetti, 2025, "Charting the Uncharted: The (Un)Intended Consequences of Oil Sanctions and Dark Shipping," NBER Working Papers, National Bureau of Economic Research, Inc, number 33486, Feb.
• Tomohiro Hirano & Joseph E. Stiglitz, 2025, "Growth and Fluctuations Economies with Land Speculation," NBER Working Papers, National Bureau of Economic Research, Inc, number 33589, Mar.
• Stephanie Schmitt-Grohé & Martín Uribe, 2025, "Hotelling Meets Keynes: Aggregate Adjustment with Spatial Competition and Nominal Rigidity," NBER Working Papers, National Bureau of Economic Research, Inc, number 33628, Mar.
• Yan Leng & Ernest Liu & Yifei Ren & Aleh Tsyvinski, 2025, "The Bullwhip: Time-to-Build and Sectoral Fluctuations," NBER Working Papers, National Bureau of Economic Research, Inc, number 33638, Apr.
• Saki Bigio & Dejanir Silva & Eduardo Zilberman, 2025, "Heterogeneous Beliefs, Asset Prices, and Business Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 33672, Apr.
• Joel P. Flynn & Georgios Nikolakoudis & Karthik Sastry, 2025, "A Theory of Supply Function Choice and Aggregate Supply," NBER Working Papers, National Bureau of Economic Research, Inc, number 33711, Apr.
• Andrea Foschi & Christopher House & Christian Proebsting & Linda Tesar, 2025, "Should I Stay or Should I Go? The Response of Labor Migration to Economic Shocks," NBER Working Papers, National Bureau of Economic Research, Inc, number 33755, May.
• Alan Kwan & Ben Matthies & Richard R. Townsend & Ting Xu, 2025, "Entrepreneurial Spawning from Remote Work," NBER Working Papers, National Bureau of Economic Research, Inc, number 33774, May.
• Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2025, "Tradeoffs over Rate Cycles: Activity, Inflation and the Price Level," NBER Working Papers, National Bureau of Economic Research, Inc, number 33825, May.
• James H. Stock & Mark W. Watson, 2025, "Recovering from COVID," NBER Working Papers, National Bureau of Economic Research, Inc, number 33857, May.
• Matteo Cacciatore & Giacomo Candian, 2025, "Uncertainty through the Production Network: Sectoral Origins and Macroeconomic Implications," NBER Working Papers, National Bureau of Economic Research, Inc, number 33953, Jun.
• Pascal Michaillat, 2025, "Early and Accurate Recession Detection Using Classifiers on the Anticipation-Precision Frontier," NBER Working Papers, National Bureau of Economic Research, Inc, number 34015, Jul.
• John B. Donaldson & Hyung Seok E. Kim & Rajnish Mehra, 2025, "Wealth Inequality, Labor Market Arrangements and the Secular Decline in the Real Interest Rate," NBER Working Papers, National Bureau of Economic Research, Inc, number 34016, Jul.
• Xing Guo & Pablo Ottonello & Thomas Winberry & Toni Whited, 2025, "Firm Heterogeneity and Adverse Selection in External Finance: Micro Evidence and Macro Implications," NBER Working Papers, National Bureau of Economic Research, Inc, number 34019, Jul.
• Diego R. Känzig & Maximilian Konradt & Lixing Wang & Donghai Zhang, 2025, "Green Business Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 34041, Jul.
• Tomohiro Hirano & Joseph E. Stiglitz, 2025, "Overlapping Generations Models, Multiplicity of Steady States and Momentary Equilibria, and Economic Fluctuations," NBER Working Papers, National Bureau of Economic Research, Inc, number 34193, Aug.
• Ryan Chahrour & Kyle Jurado, 2025, "Expectation Response Functions in Dynamic Linear Economies," NBER Working Papers, National Bureau of Economic Research, Inc, number 34210, Sep.
• Ricardo J. Caballero & Alp Simsek, 2025, "FCI-plot: Central Bank Communication Through Financial Conditions," NBER Working Papers, National Bureau of Economic Research, Inc, number 34325, Oct.
• William N. Goetzmann & Akiko Watanabe & Masahiro Watanabe, 2025, "GDP Growth Expectations and Cash-flow Risk Premium," NBER Working Papers, National Bureau of Economic Research, Inc, number 34402, Oct.
• Karen Dynan & Douglas Elmendorf, 2025, "Lessons for Automatic Fiscal Stabilizers from the Great Recession and the COVID Recession," NBER Working Papers, National Bureau of Economic Research, Inc, number 34411, Oct.
• Eran B. Hoffmann & Monika Piazzesi & Martin Schneider, 2025, "Moving to Fluidity: Regional Growth and Labor Market Churn," NBER Working Papers, National Bureau of Economic Research, Inc, number 34515, Nov.
• Jorge Miranda-Pinto & Eugenio I. Rojas & Felipe Saffie & Alvaro Silva, 2025, "Connected for Better or Worse? The Role of Production Networks in Financial Crises," NBER Working Papers, National Bureau of Economic Research, Inc, number 34604, Dec.
• Thomas Winberry & Adrien Auclert & Matthew Rognlie & Ludwig Straub, 2025, "New Keynesian Economics with Household and Firm Heterogeneity," NBER Working Papers, National Bureau of Economic Research, Inc, number 34611, Dec.
• Jose Barrales-Ruiz & Ivan Mendieta-Muñoz & Codrina Rada & Rudiger von Arnim, 2025, "Growth is wage-led in the long run," Working Papers, New School for Social Research, Department of Economics, number 2505, Apr.
• George Wheaton, 2025, "Are VAR models evidence for a profit-led Goodwin pattern?," Working Papers, New School for Social Research, Department of Economics, number 2517, Nov.
• Andrei Rădulescu, 2025, "Macroeconomic Climate – From The World Economy To The Moldovan Economy," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, volume 13, issue 2, pages 17-29, December.
• Yanko Hristozov & Daniel Kasabov & Diyana Miteva, 2025, "The Bulgarian Economy – Trends and Signals in the Context of Global Challenges," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 1026-1059, Desember.
• Vera Pirimova, 2025, "Dimensions and Projections of Economic Growth in Bulgaria, the European Union and the World," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 241-253, June.
• Nico Petz & Thomas Zörner, 2025, "How Phillips Curve Dynamics Enhance Business Cycle Synchronization Analysis in Central and Eastern Europe (Nico Petz, Thomas Zörner)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 267, May.
• Zsofia Döme & Michael Sigmund, 2025, "From Official Guidelines to Practice: Decoding Europe’s Countercyclical Capital Buffer Decisions (Zsofia Döme, Michael Sigmund)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 269, Oct.
• Enzinger, Matthias & Gechert, Sebastian & Heimberger, Philipp & Prante, Franz & Romero, Daniel Fernández, 2025, "The overstated effects of conventional monetary policy on output and prices," OSF Preprints, Center for Open Science, number 72cen_v2, Aug, DOI: 10.31219/osf.io/72cen_v2.
• Mario Forni & Luca Gambetti & Luca Sala, 2025, "Downside and Upside Uncertainty Shocks," Journal of the European Economic Association, European Economic Association, volume 23, issue 1, pages 159-189.
• Bernardo Candia & Mathieu Pedemonte, 2025, "Export-Led Decay: The Trade Channel in the Gold Standard Era," Journal of the European Economic Association, European Economic Association, volume 23, issue 3, pages 1173-1201.
• Francesco Pappadà & Kenneth S Rogoff, 2025, "Rethinking the Informal Economy and the Hugo Effect," Journal of the European Economic Association, European Economic Association, volume 23, issue 5, pages 1743-1772.
• George J Bratsiotis & Manuel Gloria, 2025, "Pandemic shocks and macroprudential policy," Oxford Economic Papers, Oxford University Press, volume 77, issue 2, pages 537-563.
• Hayk Kamalyan, 2025, "Firm-specific factors and the state-dependent effects of monetary policy," Oxford Economic Papers, Oxford University Press, volume 77, issue 3, pages 867-884.
• Philip Schnattinger, 2025, "Beliefs- and fundamentals-driven job creation," Oxford Economic Papers, Oxford University Press, volume 77, issue 4, pages 1037-1061.
• Tomohiro Hirano & Joseph E Stiglitz, 2025, "Overlapping generations models, multiplicity of steady states and momentary equilibria, and economic fluctuations," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, volume 41, issue 2, pages 260-290.
• George M Constantinides, 2025, "Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks," The Review of Asset Pricing Studies, Society for Financial Studies, volume 15, issue 2, pages 103-120.
• Ross Levine & Chen Lin & Wensi Xie, 2025, "Local Financial Structure and the Pandemic’s Effect on the Distribution of Employment," The Review of Corporate Finance Studies, Society for Financial Studies, volume 14, issue 3, pages 679-716.
• Preston Mui & Benjamin Schoefer, 2025, "Reservation Raises: The Aggregate Labour Supply Curve at the Extensive Margin," The Review of Economic Studies, Review of Economic Studies Ltd, volume 92, issue 1, pages 442-475.
• Anmol Bhandari & Jaroslav Borovička & Paul Ho, 2025, "Survey Data and Subjective Beliefs in Business Cycle Models," The Review of Economic Studies, Review of Economic Studies Ltd, volume 92, issue 3, pages 1375-1437.
• Vladimir Asriyan & Luc Laeven & Alberto Martin & Alejandro Van der Ghote & Victoria Vanasco, 2025, "Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, volume 92, issue 4, pages 2197-2227.
• Jesús Fernández-Villaverde & Federico Mandelman & Yang Yu & Francesco Zanetti, 2025, "Search Complementarities, Aggregate Fluctuations, and Fiscal Policy," The Review of Economic Studies, Review of Economic Studies Ltd, volume 92, issue 4, pages 2502-2536.
• Masashige Hamano & Philip Schnattinger & Mototsugu Shintani & Iichiro Uesugi & Francesco Zanetti, 2025, "Credit Market Tightness and Zombie Firms: Theory and Evidence," Economics Series Working Papers, University of Oxford, Department of Economics, number 1065, Jan.
• Jesús Fernández-Villaverde & Yiliang Li & Le Xu & Francesco Zanetti, 2025, "Charting the Uncharted: The (Un)Intended Consequences of Oil Sanctions and Dark Shipping," Economics Series Working Papers, University of Oxford, Department of Economics, number 1070, Feb.
• Frederick Van Der Ploeg & Tim Willems, 2025, "Battle of the markups: conflict inflation and the aspirational channel of monetary policy transmission," Economics Series Working Papers, University of Oxford, Department of Economics, number 1074, Mar.
• Aida Galiano & Alejandro Almeida & Juan Manuel Martín-Alvarez & Lara Mata, 2025, "Sensibilidad del desempleo por género al ciclo económico en las provincias españolas
  [Gender-Specific Unemployment Sensitivity to the Economic Cycle at the Provincial Level in Spain]," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, volume 39, pages 1-13, June, DOI: https://doi.org/10.46661/rev.metodo.
• Manuela Magalhâes & Jesús Rodríguez-López, 2025, "Firm Exit and Entry over the Business Cycle in Spain," Working Papers, Universidad Pablo de Olavide, Department of Economics, number 25.02.
• Efrem Castelnuovo & Giovanni Pellegrino & Laust L. Saerkjaer, 2025, "Monetary Policy Shocks and Narrative Restrictions: Rules Matter," "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno", number 0328, Nov.
• Ali Hajibeigi & Delaney Conner & Azhar Iqbal, 2025, "Predicting the state of commercial real estate: Up, down, or uncertain?," Business Economics, Palgrave Macmillan;National Association for Business Economics, volume 60, issue 4, pages 230-241, October, DOI: 10.1057/s11369-025-00435-0.
• Filippo Arigoni & Miha Breznikar & Črt Lenarčič & Matjaž Maletič, 2025, "Impact of Fiscal Measures in Response to the COVID-19 Pandemic on Small-Open Economies: Lessons from Slovenia," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, volume 51, issue 4, pages 553-582, October, DOI: 10.1057/s41302-025-00301-z.
• Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge & Hakan Yilmazkuday, 2025, "What Explains Global Inflation," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, volume 73, issue 2, pages 522-555, June, DOI: 10.1057/s41308-024-00255-w.
• Tobias Broer & John V. Kramer & Kurt Mitman, 2025, "The Distributional Effects of Oil Shocks," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, volume 73, issue 3, pages 851-889, September, DOI: 10.1057/s41308-025-00291-0.
• Ansgar Rannenberg, 2025, "Forward Guidance with Preferences over Safe Assets," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, volume 73, issue 4, pages 1090-1194, December, DOI: 10.1057/s41308-024-00242-1.
• Shekhar Aiyar & Simon Voigts, 2025, "The Negative Mean Output Gap and the Symmetry Bias of Statistical Filters," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, volume 73, issue 4, pages 1365-1397, December, DOI: 10.1057/s41308-024-00257-8.
• Etienne Lepers, 2025, "Macroprudential Governance and Capacity to Remove the Punch Bowl," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, volume 73, issue 4, pages 1398-1428, December, DOI: 10.1057/s41308-024-00258-7.
• Jesus Fernandez-Villaverde & Yiliang Li & Le Xu & Francesco Zanetti, 2025, "Charting the Uncharted: The (Un)Intended Consequences of Oil Sanctions and Dark Shipping," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 25-005, Feb.
• Giovanni Carnazza & Federica Lanterna & Paolo Liberati, 2025, "Measuring time-varying fiscal cyclicality of the revenue side with a new cyclically-adjusted methodology: Does the European fiscal framework play a pivotal role?," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy, number 2025/321, Mar.
• Giovanni Carnazza & Francesco Tomasone, 2025, "A time-varying approach to assessing fiscal cyclicality: The impact of the European fiscal framework," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy, number 2025/324, Aug.
• Biagio Rosso & Matteo Gatto, 2025, "Occasionally Binding Constraints in DSGE Models with Heterogeneous Agents: a Generalised Nonlinear Framework and Applications to Inequality and Monetary Policy at the ZLB," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2511, Apr.
• Peter Skott & Adam Aboobaker, 2025, "Cyclical patterns of employment, wage inequality and the functional distribution of income," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2512, May.
• Engelbert Stockhammer & Ben Tippet & Karsten Kohler, 2025, "What goes up, must come down. Speculation-encouraging institutions and house price cycles across countries," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2516, Jul.
• Biagio Bossone, 2025, "The Marginal Efficiency of Labor," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2518, Aug.
• Biagio Bossone, 2025, "The Critical Role of Conventional Beliefs in Economics: Multiple r*’s and Structural Indeterminacies," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2520, Sep.
• Luis Méndez Lobos & Esteban Ramon Perez Caldentey, 2025, "International bond market finance and the consequences of decoupling in profitability among larger firms. A Latin American story," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2525, Dec.
• Gorbanev, Mikhail, 2025, "Extraordinary Economic and Social Events Associated with the Solar Cycle Maximum," MPRA Paper, University Library of Munich, Germany, number 123402, Jan.
• Jiranyakul, Komain, 2025, "Asymmetric Effects of Oil Price Shocks on Economic Growth and Inflation in Asia: What do We Learn from Empirical Studies?," MPRA Paper, University Library of Munich, Germany, number 123664, Feb.
• Ho, Sin-Yu & Beri, Parfait, 2025, "Entrepreneurship and business cycles: Global evidence," MPRA Paper, University Library of Munich, Germany, number 123786, Feb.
• Simwanza, S. Benson, 2025, "Estimating the Size and Dynamics of Informal Economy in the Southern African Development Community (SADC) Countries: A Theoretical and Empirical Approach," MPRA Paper, University Library of Munich, Germany, number 123842, Mar.
• Huang, Guangming, 2025, "Creating and Stabilizing an Enormous Bubble Economy Similar to the Great Depression," MPRA Paper, University Library of Munich, Germany, number 123911, Mar.
• Uquillas, Carlos Alfredo, 2025, "La Economía de la Narrativa: Impacto en los Ciclos Macroeconómicos y su Incorporación en Modelos IS-LM y DSGE
  [The Economy of Narrative: Impact on Macroeconomic Cycles and Its Incorporation into IS-LM and DSGE Models]," MPRA Paper, University Library of Munich, Germany, number 124040, Feb.
• Leiashvili, Paata, 2025, "Symmetric Model of Economic Equilibrium: Dialogue with Artificial Intelligence," MPRA Paper, University Library of Munich, Germany, number 124088.
• Raputsoane, Leroi, 2025, "Business confidence developments and the minerals industry," MPRA Paper, University Library of Munich, Germany, number 124373, Feb.
• Sasaki, Hiroaki & Pham, Thu Giang Huong, 2025, "How Does the Middle-Class Share Affect Growth and Distribution in a Three-Class Economy?," MPRA Paper, University Library of Munich, Germany, number 124475, Apr.
• Fourie, Jurgens & Steenkamp, Daan, 2025, "Forecasting economic downturns in South Africa using leading indicators and machine learning," MPRA Paper, University Library of Munich, Germany, number 124709, May.
• Forbes, Kristin & Ha, Jongrim & Kose, M. Ayhan, 2025, "Tradeoffs over Rate Cycles: Activity, Inflation and the Price Level," MPRA Paper, University Library of Munich, Germany, number 124747, May.
• Levy, Daniel & Chen, Haipeng (Allan) & Ray, Sourav & Charette, Elliot & Ling, Xiao & Zhao, Weihong & Bergen, Mark & Snir, Avichai, 2025, "Asymmetric Price Adjustment over the Business Cycle," MPRA Paper, University Library of Munich, Germany, number 124999, Jun.
• Levy, Daniel & Chen, Haipeng (Allan) & Ray, Sourav & Charette, Elliot & Ling, Xiao & Zhao, Weihong & Bergen, Mark & Snir, Avichai, 2025, "Asymmetric Price Adjustment over the Business Cycle," MPRA Paper, University Library of Munich, Germany, number 125129, Jun.
• Busato, Francesco & Cisco, Gianluigi & De Simone, Marco & Marzano, Elisabetta, 2025, "Optimal Monetary Policy and Weather Shocks in Small Open Economies," MPRA Paper, University Library of Munich, Germany, number 125175, Mar, revised 19 Jun 2025.
• Cajas Guijarro, John, 2025, "Double-Hopf bifurcation in an extended Goodwin model with Mechanization, Independent Investment, and Disequilibrium: Toward a Marxian-Keynesian Synthesis," MPRA Paper, University Library of Munich, Germany, number 125286, Jul.
• Vespignani, joaquin vespignani & Smyth, Russell & Saadaoui, Jamel, 2025, "Strategic stockpiling reduces the geopolitical risk to the supply chain of copper and lithium," MPRA Paper, University Library of Munich, Germany, number 125317, Jul.
• Cajas Guijarro, John, 2025, "Double-Hopf bifurcation in an extended Goodwin model with Mechanization, Independent Investment, and Disequilibrium: Toward a Marxian-Keynesian Synthesis," MPRA Paper, University Library of Munich, Germany, number 125329, Jul.
• Ozili, Peterson K, 2025, "Can country policy and institutional frameworks reduce global inflation?," MPRA Paper, University Library of Munich, Germany, number 125564.
• Khalil, Makram & Rouillard, Pierre & Strobel, Felix, 2025, "Import tariff transmission in a production network," MPRA Paper, University Library of Munich, Germany, number 125698, Aug.
• Vîntu, Denis, 2025, "Rational Expectations in Economic Theory," MPRA Paper, University Library of Munich, Germany, number 125823, Aug, revised Aug 2025.
• Vîntu, Denis, 2025, "Nominal rigidities equilibria in a non-Ricardian economy," MPRA Paper, University Library of Munich, Germany, number 125865, Aug, revised Aug 2025.
• Leiashvily, Paata, 2025, "Воспроизводство, Циклы И Критика Снс: Переосмысление Проблемы Воспроизводства
  [Reproduction, Cycles, and the Critique of the SNA: Rethinking the Problem of Reproduction]," MPRA Paper, University Library of Munich, Germany, number 125995, Aug.
• Ozili, Peterson K, 2025, "Macro Determinants of Global Financial Inclusion: Evidence from World Data," MPRA Paper, University Library of Munich, Germany, number 126305.
• ., Kaustubh & Gopalakrishnan, Pawan Gopalakrishnan & Ranjan, Abhishek Ranjan, 2025, "Estimating the New Keynesian Phillips Curve (NKPC) with Fat-tailed Events," MPRA Paper, University Library of Munich, Germany, number 126329, Oct.
• Forkuo, Gabriel Osei & Emmanuel, Osei-Dwomoh & Nkuah, Joseph Kofi, 2025, "Governance Deficits and Financial Fragility: An Analysis of Bank Failures in Ghana," MPRA Paper, University Library of Munich, Germany, number 126358, Oct.
• Cajas-Guijarro, John & Cajas-Guijarro, Daniel, 2025, "Resonant and non-resonant Double Hopf bifurcation in a 4D Goodwin model with Wage inequality," MPRA Paper, University Library of Munich, Germany, number 126746, Nov.
• boughabi, houssam, 2025, "Would Keynesian Expansionary Policies Eliminate the Natural Rate of Unemployment: Insights from The Sri Lankan Economy," MPRA Paper, University Library of Munich, Germany, number 126758, Sep.
• Lozano, Francisco Javier, 2025, "Índice de precios de viviendas nuevas en Santiago basado en la metodología de ventas repetidas
  [New housing price index in Santiago based on the repeat-sales methodology]," MPRA Paper, University Library of Munich, Germany, number 127115, Dec.
• Lunardelli, Andre, 2025, "Fairness, ambiguity, wage markups and disinflation costs," MPRA Paper, University Library of Munich, Germany, number 128590, Aug, revised 05 Apr 2026.
• Lunardelli, Andre, 2025, "Fairness, Ambiguity and disinflation costs," MPRA Paper, University Library of Munich, Germany, number 129559, Aug, revised 12 May 2026.

2024

• Jesus Felipe & Manuel L. Albis, 2024, "Can the Philippines Attain 6.5-8 Percent Growth During 2023-28?: An Assessment Based on the Estimation of the Balance-of-Payments-Constrained Growth Rate," Economics Working Paper Archive, Levy Economics Institute, number wp_1039, Feb.
• Yassine Bakkar, 2023, "Climate Risk and Bank Capital Structure," Bank of Lithuania Discussion Paper Series, Bank of Lithuania, number 32, Dec.
• Karolis Bielskis, 2023, "Household Wealth and Finances in Lithuania," Bank of Lithuania Discussion Paper Series, Bank of Lithuania, number 33, Dec.
• Ziran Ding & Benjamin Hemingway, 2024, "Mergers and Acquisitions Over the Cycle: An Empirical Investigation," Bank of Lithuania Discussion Paper Series, Bank of Lithuania, number 35, Jan.
• Žymantas Budrys & Mario Porqueddu & Andrej Sokol, 2024, "Striking a Bargain: Narrative Identification of Wage Bargaining Shocks," Bank of Lithuania Working Paper Series, Bank of Lithuania, number 121, Mar.
• Yavuz Arslan & Ahmet Degerli & Bulent Guler & Gazi Kabas & Burhan Kuruscu, 2024, "Unemployment Insurance and Macro-Financial (In)Stability," Working Papers, University of Liverpool, Department of Economics, number 202413, Aug.
• Shalini Mitra & Gareth Liu-Evans, 2024, "Intangible Cycles," Working Papers, University of Liverpool, Department of Economics, number 2024-14, Sep.
• Patrick Gruning & Zeynep Kantur, 2024, "Financial Intermediation and Climate Change in a Production and Investment Network Model for the Euro Area," Working Papers, Latvijas Banka, number 2024/06, Nov.
• Cevik Serhan & Jalles Joao, 2024, "Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth," Review of Economics, De Gruyter, volume 75, issue 2, pages 109-138, DOI: 10.1515/roe-2024-0005.
• C. Rangarajan & K.R. Shanmugam, 2024, "Economic Overview of Tamil Nadu (2023-24)," Working Papers, Madras School of Economics,Chennai,India, number 2024-260, Jul.
• Paul Rudel, 2024, "Loan Supply Shocks, Prudential Regulation, and the Business Cycle," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202409.
• Lars-H. R. Siemers, 2024, "On the Hamilton-HP Filter Controversy: Evidence from German Business Cycles," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202421.
• Pintu Parui, 2024, "Fiscal expansion, government debt and economic growth: a post-Keynesian perspective," Journal of Post Keynesian Economics, Taylor & Francis Journals, volume 47, issue 1, pages 117-154, January, DOI: 10.1080/01603477.2023.2221444.
• Sanjeev Gupta & João Tovar Jalles, 2024, "Politics in Reforming Taxes: Evidence from Developing Countries," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, volume 80, issue 3, pages 303-331, DOI: 10.1628/fa-2024-0013.
• Alice Albonico & Guido Ascari & Qazi Haque, 2024, "Monetary Policy in the Euro Area: Active or Passive?," Working Papers, University of Milano-Bicocca, Department of Economics, number 535, May, revised Mar 2025.
• Istvan Abel & Pierre L. Siklos, 2024, "Implementing Monetary Policy in Hungary Under Flexible Inflation Targeting," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), volume 23, issue 4, pages 153-176.
• Gabor Hajnal & Zsuzsanna Hosszu & Akos Attila Ozoroczy & Balint Dancsik, 2024, "Estimating Deposit Interest Rate Pass-Through in Central and Eastern European Countries Using Wavelet Transform and Error Correction Model," MNB Occasional Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2024/151.
• Miriam Braig & Sebastian K. Rüth & Wouter Van der Veken, 2024, "Exchange rate overshooting: unraveling the puzzles," Working Paper Research, National Bank of Belgium, number 455, Sep.
• Mateusz Pipień & Dobiesław Tymoczko, 2024, "Does the credit cycle exist? Policy recommendations based on empirical analyses of the Polish banking sector," Bank i Kredyt, Narodowy Bank Polski, volume 55, issue 1, pages 1-20.
• Davide Debortoli & Jordi Galí, 2024, "Heterogeneity and Aggregate Fluctuations: Insights from TANK Models," NBER Chapters, National Bureau of Economic Research, Inc, "NBER Macroeconomics Annual 2024, volume 39".
• Hassan Afrouzi & Saroj Bhattarai & Edson Wu, 2024, "Relative-Price Changes as Aggregate Supply Shocks Revisited: Theory and Evidence," NBER Chapters, National Bureau of Economic Research, Inc, "Inflation in the COVID Era and Beyond".
• Raphael Schoenle, 2024, "Comment on "Relative-Price Changes as Aggregate Supply Shocks Revisited: Theory and Evidence"," NBER Chapters, National Bureau of Economic Research, Inc, "Inflation in the COVID Era and Beyond".
• Mai Chi Dao & Pierre-Olivier Gourinchas & Daniel Leigh & Prachi Mishra, 2024, "Understanding the International Rise and Fall of Inflation since 2020," NBER Chapters, National Bureau of Economic Research, Inc, "Inflation in the COVID Era and Beyond".
• Elton Beqiraj & Qingqing Cao & Ralph De Haas & Raoul Minetti, 2024, "Global Banking and Macroeconomic Stability. Liquidity, Control, and Monitoring," NBER Chapters, National Bureau of Economic Research, Inc, "NBER International Seminar on Macroeconomics 2024".
• Céline Poilly & Fabien Tripier, 2024, "Regional Trade Policy Uncertainty," NBER Chapters, National Bureau of Economic Research, Inc, "NBER International Seminar on Macroeconomics 2024".
• Ricardo J. Caballero & Alp Simsek, 2024, "Central Banks, Stock Markets, and the Real Economy," NBER Working Papers, National Bureau of Economic Research, Inc, number 32053, Jan.
• Alex Bell & TJ Hedin & Geoffrey C. Schnorr & Till M. von Wachter, 2024, "UI Benefit Generosity and Labor Supply from 2002-2020," NBER Working Papers, National Bureau of Economic Research, Inc, number 32071, Jan.
• Xiwen Bai & Jesús Fernández-Villaverde & Yiliang Li & Francesco Zanetti, 2024, "The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Evidence and Theory," NBER Working Papers, National Bureau of Economic Research, Inc, number 32098, Feb.
• Francesco Bianchi & Cosmin L. Ilut & Hikaru Saijo, 2024, "Smooth Diagnostic Expectations," NBER Working Papers, National Bureau of Economic Research, Inc, number 32152, Feb.
• Minsu Chang & Frank Schorfheide, 2024, "On the Effects of Monetary Policy Shocks on Income and Consumption Heterogeneity," NBER Working Papers, National Bureau of Economic Research, Inc, number 32166, Feb.
• Sergio Rebelo & Miguel Santana & Pedro Teles, 2024, "Behavioral Sticky Prices," NBER Working Papers, National Bureau of Economic Research, Inc, number 32214, Mar.
• Rodolfo G. Campos & Jesús Fernández-Villaverde & Galo Nuño & Peter Paz, 2024, "Navigating by Falling Stars: Monetary Policy with Fiscally Driven Natural Rates," NBER Working Papers, National Bureau of Economic Research, Inc, number 32219, Mar.
• Masao Fukui & Niels Joachim Gormsen & Kilian Huber, 2024, "Sticky Discount Rates," NBER Working Papers, National Bureau of Economic Research, Inc, number 32238, Mar.
• Jess Benhabib & Feng Dong & Pengfei Wang & Zhenyang Xu, 2024, "Aggregate Demand Externality and Self-Fulfilling Default Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 32291, Mar.
• Oliver Pfäuti & Fabian Seyrich & Jonathan Zinman, 2024, "Beyond Bad Luck: Macroeconomic Implications of Persistent Heterogeneity In Optimism," NBER Working Papers, National Bureau of Economic Research, Inc, number 32305, Apr.
• Manuel Amador & Javier Bianchi, 2024, "Bank Runs, Fragility, and Regulation," NBER Working Papers, National Bureau of Economic Research, Inc, number 32341, Apr.
• S. Borağan Aruoba & Thomas Drechsel, 2024, "Identifying Monetary Policy Shocks: A Natural Language Approach," NBER Working Papers, National Bureau of Economic Research, Inc, number 32417, May.
• Daniel Greenwald & John Krainer & Pascal Paul, 2024, "Monetary Transmission Through Bank Securities Portfolios," NBER Working Papers, National Bureau of Economic Research, Inc, number 32449, May.
• Gorkem Bostanci & Guillermo Ordoñez, 2024, "Business, Liquidity, and Information Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 32501, May.
• William N. Goetzmann & Akiko Watanabe & Masahiro Watanabe, 2024, "Procyclical Stocks Earn Higher Returns," NBER Working Papers, National Bureau of Economic Research, Inc, number 32509, May.
• Olivier J. Blanchard & Ben S. Bernanke, 2024, "An Analysis of Pandemic-Era Inflation in 11 Economies," NBER Working Papers, National Bureau of Economic Research, Inc, number 32532, May.
• Hassan Afrouzi & Joel P. Flynn & Choongryul Yang, 2024, "What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?," NBER Working Papers, National Bureau of Economic Research, Inc, number 32541, Jun.
• Joel P. Flynn & Karthik Sastry, 2024, "Attention Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 32553, Jun.
• Davide Debortoli & Jordi Galí, 2024, "Heterogeneity and Aggregate Fluctuations: Insights from TANK Models," NBER Working Papers, National Bureau of Economic Research, Inc, number 32557, Jun.
• Joel P. Flynn & Karthik Sastry, 2024, "The Macroeconomics of Narratives," NBER Working Papers, National Bureau of Economic Research, Inc, number 32602, Jun.
• Hassan Afrouzi & Saroj Bhattarai & Edson Wu, 2024, "Relative-Price Changes as Aggregate Supply Shocks Revisited: Theory and Evidence," NBER Working Papers, National Bureau of Economic Research, Inc, number 32816, Aug.