Editors’ Introduction to the Special Issue

• DOI: http://doi.org/10.1111/jmcb.12754
• Date: 01 December 2020
• Published date: 01 December 2020
• Author: ANTOINE MARTIN,KENNETH D. WEST

DOI: 10.1111/jmcb.12754

ANTOINE MARTIN

KENNETH D. WEST

Editors’ Introduction to the Special Issue

I F 2019,  Journal of Money,Credit and

Banking (JMCB) turned 50. The Editors of the Journal decided to celebrate this an-

niversary with two conferences, reecting the two broad areas that the Journal covers.

A conference on “Financial intermediation, regulation and economic policy” washeld

at the European Central Bank in Frankfurt/Germany on March 28–29, 2019 and ad-

dressed topics in the credit and nancial intermediation elds. A second conference

addressed topics in the macroeconomic and monetary elds, and took place at the

Federal Reserve Bank of New York on May 30–31, 2019. This Special Issue contains

the contributions to the second conference. The contributions to the rst celebratory

conference are published in a separate Special Issue.

The JMCB was founded in 1969 with a focus on topics in, well, money, credit and

banking. But founding editor Karl Brunner, in his introduction to the rst issue of the

JMCB, also stated that “The new Journal offers an open marketplace for ideas bearing

on a broad range of problems. The Journal welcomes both analytic and descriptive

studies emanating from ongoing research.” This Special Issue illustrates how broad

the remit of the JMCB has become. It includes papers in open economy macroeco-

nomics (Galí), nance (Hofmann et al.), regional economics (House et al.), macro-IO

(Nekarda and Ramey) and macro-labor (Faberman et al.), as well as macroeconomics

and monetary economics narrowly dened (Stock and Watson, Eggertsson and Gi-

annoni, Alves et al.). Empirical methodologies are both reduced form and structural.

Structural work is done in both partial and general equilibrium frameworks. Both

representative agent and heterogeneous agent models are used. Quantitative work is

both calibrated and estimated, and, while primarily analytical, also includes some

descriptive material.

ANTOINE MARTINis at the Federal Reserve Bank of New York (E-mail: antoine.martin@ny.frb.org).

KENNETH D. WEST is at the University of Wisconsin-Madison (E-mail: kdwest@wisc.edu).

Journal of Money, Credit and Banking, Supplement to Vol. 52, No. S2 (December 2020)

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