Journal of Money, Credit & Banking

FOR MOST OF the world wealth is positively associated with longevity (Preston 1975) and negatively associated with religiosity...

RECENT DEVELOPMENTS IN international financial markets have highlighted the role of banks in the transmission of shocks across...

IN THIS PAPER, we explore how far existing theories of wage and price setting are consistent with two...

A STYLIZED FACT of the dynamics of U.S. inflation, as first highlighted in the pioneering contribution of Nelson...

INFLATION TARGETING (IT) is a monetary policy strategy that has been gaining popularity around the world. Three main...

IT HAS BEEN BELIEVED THAT in an open-economy two-sector growth model the more (time-)patient country accumulates real capital...

"A central bank charged with maintaining price stability cannot be indifferent as to how fiscal policy is determined"...

STRUCTURAL NEW KEYNESIAN MODELS, featuring dynamic aggregate supply (AS), aggregate demand (IS), and monetary policy equations are becoming...

A LONG LIST of articles propose models of the transmission of oil shocks in which oil price movements...