Journal of Monetary Economics
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Welcome to the Journal of Monetary Economics

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. It welcomes the submission of high-quality manuscripts in all areas of macroeconomics.

The JME publishes eight volumes each year. Two of the issues each year are dedicated to the Carnegie-Rochester-NYU Conference on Public Policy. Every two years, the JME publishes a ninth volume with the proceedings from a conference on macroeconomic policy sponsored by the Study Center Gerzensee of the Swiss National Bank. 

The editors of the JME are Borağan Aruoba (University of Maryland) and Eric Swanson (UC Irvine). It is published by Elsevier Science, it uses the Editorial Manager for JME for submission, and its issues are available through Science Direct. 

For questions not answered on the website, please contact:
Susan L. North
Editorial Assistant
Journal of Monetary Economics
William E. Simon Graduate School of Business Administration
University of Rochester
Rochester, NY 14627
USA
​

​Best Paper Award

​2024 Winner, $10,000
"The real effects of monetary shocks: Evidence from micro pricing moments" by Gee Hee Hong, Matthew Klepacz, Ernesto Pasten, and Raphael Schoenle 

2023 Winner, $10,000
"State dependence of fiscal multipliers: the source of fluctuations matters" by Mishel Ghassibe and Francesco Zanetti 

2022 Winner, $10,000
“Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets” by Eric Swanson

2021 Winner, $10,000
“The New Keynesian Cross” by Florin O. Bilbiie
 
2020 Winner, $10,000
“Inference in Structural Vector Autoregressions When the Identifying Assumptions are Not Fully Believed: Re-evaluating the Role of Monetary Policy in Economic Fluctuations” by Christiane Baumeister and James D. Hamilton 


Distribution of decision times for first-round submissions in 2023
Decision time
Percent
Cumulative
0-30 days
42.9
42.9
31-60 days
30.1
73.0
61-90 days
14.0
87.0
91-120 days
8.9
95.9
121-150 days
1.8
97.6
151-180 days
1.5
99.1
180-210 days
0.9
100.0
Distribution of Decision Times over the Years
Picture
Picture
Editors
Borağan Aruoba
Eric Swanson

Associate Editors
Klaus Adam
David Argente

Christiane Baumeister
Jaroslav Borovicka
Ryan Chahrour

Davide Debortoli
Luca Fornaro

Adam Guren
Kinda Hachem
Cosmin Ilut
Ethan Ilzetzki

Anton Korinek
André Kurmann

Zheng Liu
Frederic Malherbe
Leonardo Melosi
Andreas Mueller
Pablo Ottonello

Natalia Ramondo
Felipe Saffie
Benjamin Schoefer

​Eric Sims
Luminita Stevens
Johannes Wieland

Jonathan Wright
Fang Yang
 © Borağan Aruoba and Eric Swanson, 2024. All rights reserved. This website is maintained by the editors for the benefit of our authors and referees.