Topic · Economic Theory and Policy
Most cited papers in Economic Theory and Policy
What are the most cited papers in Economic Theory and Policy?
The most cited paper in Economic Theory and Policy is "A Contribution to the Theory of Economic Growth" (Robert M. Solow, 1956), with 24,386 citations. Next come "A Theory of the Allocation of Time" (10,360) and "Discretion versus policy rules in practice" (9,166).
Showing 50 of 99 papers. Every paper with more than 1,479 citations is listed.
| # | Paper | ||
|---|---|---|---|
| 1 | A Contribution to the Theory of Economic Growth Robert M. Solow · The Quarterly Journal of Economics | Feb 1956 | 24,386 |
| 2 | A Theory of the Allocation of Time Gary S. Becker · The Economic Journal | Sep 1965 | 10,360 |
| 3 | Discretion versus policy rules in practice John B. Taylor · Carnegie-Rochester Conference Series on Public Policy | Dec 1993 | 9,166 |
| 4 | Staggered prices in a utility-maximizing framework Guillermo A. Calvo · Journal of Monetary Economics | Sep 1983 | 7,505 |
| 5 | The Economic Implications of Learning by Doing K. J. Arrow · Palgrave Macmillan UK eBooks | 1971 | 6,653 |
| 6 | Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy Lawrence J. Christiano, Martin Eichenbaum, Charles L. Evans · Journal of Political Economy | Feb 2005 | 6,048 |
| 7 | INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY Michael Woodford, Carl E. Walsh · Macroeconomic Dynamics | Jun 2005 | 5,751 |
| 8 | The Twin Crises: The Causes of Banking and Balance-of-Payments Problems Graciela Kaminsky, Carmen Reinhart · American Economic Review | Jun 1999 | 5,066 |
| 9 | The Science of Monetary Policy: A New Keynesian Perspective Richard H. Clarida, Jordi Gaĺı, Mark L. Gertler · Journal of Economic Literature | Dec 1999 | 5,036 |
| 10 | Credit Cycles Nobuhiro Kiyotaki, John Hardman Moore · Journal of Political Economy | Apr 1997 | 4,840 |
| 11 | Expectations and the neutrality of money Robert E. Lucas · Journal of Economic Theory | Apr 1972 | 4,816 |
| 12 | Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* Richard H. Clarida, Jordi Gaĺı, Mark L. Gertler · The Quarterly Journal of Economics | Feb 2000 | 4,787 |
| 13 | The cultural biography of things: commoditization as process Igor Kopytoff · Cambridge University Press eBooks | 30 Apr 1986 | 4,776 |
| 14 | ECONOMIC GROWTH and CAPITAL ACCUMULATION Thomas W. Swan · Economic Record | Nov 1956 | 4,739 |
| 15 | Changes in Relative Wages, 1963-1987: Supply and Demand Factors Lawrence F. Katz, Kevin Murphy · The Quarterly Journal of Economics | Feb 1992 | 4,586 |
| 16 | Agency Costs, Net Worth, And Business Fluctuations Ben Bernanke, Gertler, Mark, Ben Bernanke et al. · AgEcon Search (University of Minnesota, USA) | 1988 | 4,441 |
| 17 | Commodities and Capabilities. Robert Sugden, Amartya Sen · The Economic Journal | Sep 1986 | 4,078 |
| 18 | Increasing returns, monopolistic competition, and international trade Paúl Krugman · Journal of International Economics | Nov 1979 | 3,954 |
| 19 | The Political Business Cycle William D. Nordhaus · The Review of Economic Studies | Apr 1975 | 3,944 |
| 20 | Income Inequality in the United States, 1913-1998 Thomas Piketty, Emmanuel Saez · The Quarterly Journal of Economics | Feb 2003 | 3,853 |
| 21 | The Origins of Endogenous Growth Paul Michael Romer · The Journal of Economic Perspectives | Feb 1994 | 3,820 |
| 22 | The Optimal Degree of Commitment to an Intermediate Monetary Target Kenneth Rogoff · The Quarterly Journal of Economics | Nov 1985 | 3,754 |
| 23 | Rules, discretion and reputation in a model of monetary policy Robert J. Barro, David Benjamin Gordon · Journal of Monetary Economics | 1983 | 3,668 |
| 24 | Chapter 21 The financial accelerator in a quantitative business cycle framework Ben Bernanke, Mark L. Gertler, Simon Gilchrist · Handbook of macroeconomics | 1999 | 3,650 |
| 25 | An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area Frank R. Smets, Raf Wouters · Journal of the European Economic Association | Sep 2003 | 3,624 |
| 26 | The great reversals: the politics of financial development in the twentieth century Raghuram G. Rajan, Luigi Zingales · Journal of Financial Economics | 2 Jun 2003 | 3,431 |
| 27 | Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework Yongcheol Shin, Byungchul Yu, Matthew Greenwood‐Nimmo | 2014 | 3,254 |
| 28 | Inflation dynamics: A structural econometric analysis Jordi Gaĺı, Mark L. Gertler · Journal of Monetary Economics | Oct 1999 | 3,161 |
| 29 | Uninsured Idiosyncratic Risk and Aggregate Saving S. Rao Aiyagari · The Quarterly Journal of Economics | Aug 1994 | 2,911 |
| 30 | THE WELFARE COSTS OF TARIFFS, MONOPOLIES, AND THEFT Gordon Tullock · Economic Inquiry | Jun 1967 | 2,905 |
| 31 | Prices vs. Quantities Martin L. Weitzman · The Review of Economic Studies | Oct 1974 | 2,810 |
| 32 | Bank lending during the financial crisis of 2008 Victoria Ivashina, David S. Scharfstein · Journal of Financial Economics | 17 Dec 2009 | 2,640 |
| 33 | Political Parties and Macroeconomic Policy Douglas A. Hibbs · American Political Science Review | Dec 1977 | 2,594 |
| 34 | House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle Matteo M. Iacoviello · American Economic Review | Jun 2005 | 2,562 |
| 35 | Residual-based tests for cointegration in models with regime shifts Allan W. Gregory, Bruce E. Hansen · Journal of Econometrics | 1996 | 2,541 |
| 36 | The financialization of the American economy Greta R. Krippner · Socio-Economic Review | 24 Mar 2005 | 2,521 |
| 37 | Financial Development, Growth, and the Distribution of Income Jeremy Greenwood, Boyan Jovanovic · Journal of Political Economy | Oct 1990 | 2,490 |
| 38 | A model of unconventional monetary policy Mark L. Gertler, Péter Karádi · Journal of Monetary Economics | 18 Oct 2010 | 2,480 |
| 39 | The Explanation of Productivity Change Dale W. Jorgenson, Zvi Griliches · The Review of Economic Studies | Jul 1967 | 2,462 |
| 40 | Neoliberalism, higher education and the knowledge economy: from the free market to knowledge capitalism Mark Olssen, Michael Adrian Peters · Journal of Education Policy | 2005 | 2,385 |
| 41 | The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957 1 Allyn W. Phillips · Economica | Nov 1958 | 2,383 |
| 42 | Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve N. Gregory Mankiw, Ricardo A.M.R. Reis · The Quarterly Journal of Economics | Nov 2002 | 2,372 |
| 43 | Finance, inequality and the poor Thorsten Beck, Asli Demirgüç‐Kunt, Ross Eric Levine · Journal of Economic Growth | 5 Mar 2007 | 2,357 |
| 44 | Optimal monetary policy with staggered wage and price contracts Christopher J. Erceg, Dale W. Henderson, Andrew Levin · Journal of Monetary Economics | Oct 2000 | 2,354 |
| 45 | Income distribution, political instability, and investment Alberto Alesina, Roberto Perotti · European Economic Review | Jun 1996 | 2,302 |
| 46 | Optimum Growth in an Aggregative Model of Capital Accumulation David Cass · The Review of Economic Studies | Jul 1965 | 2,256 |
| 47 | Production, growth and business cycles Robert G. King, Charles I. Plosser, Sergio Tavares Rebelo · Journal of Monetary Economics | Mar 1988 | 2,255 |
| 48 | A Positive Theory of Monetary Policy in a Natural Rate Model Robert J. Barro, David Benjamin Gordon · Journal of Political Economy | Aug 1983 | 2,246 |
| 49 | Financial Intermediation and Endogenous Growth Valerie R. Bencivenga, Bruce D. Smith · The Review of Economic Studies | Apr 1991 | 2,162 |
| 50 | Growth, income distribution, and democracy: What the data say Roberto Perotti · Journal of Economic Growth | Jun 1996 | 2,099 |
Citations are OpenAlex's own counts, from its 2026-09-23 snapshot, so the ranking can differ from Google Scholar or Web of Science. A paper is listed for a field when OpenAlex files it under one of the field's topics; retracted papers and papers whose citation count cannot be traced to citing works are left out, and a preprint and the article it became are shown once. Release dates are OpenAlex's: where a source gave only a month or a year, that is what is shown. How the lists are chosen.