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Topic · General Economics, Econometrics and Finance

Monetary Policy and Economic Impact

Monetary Policy and Economic Impact is a research topic within General Economics, Econometrics and Finance. Science Explorer counts 61k research works in it since 1950. 9.9% of them reached the world's top 10% most cited for their field and year.

This cluster of papers covers a wide range of topics in macroeconomic analysis, including monetary and fiscal policy, economic growth, financial development, business cycles, panel data analysis, interest rates, exchange rates, inflation dynamics, and structural change. The papers provide insights into the empirical and theoretical aspects of these macroeconomic phenomena and their implications for policy making.

  • Monetary Policy
  • Fiscal Policy
  • Economic Growth
  • Financial Development
  • Business Cycles
  • Panel Data Analysis
  • Interest Rates
  • Exchange Rates
  • Inflation Dynamics
  • Structural Change
Research works
61k
fractional, since 1950
In the world top 10%
6.1k
per year above
Top-10% rate
9.9%
share of its works in the world top 10%
Growth, 2018-21 → 2022-25
-9%
the tick is no change
Largest producer
United States
29% of the 10 largest, 2022-now
Monetary Policy and Economic Impact

Which countries lead Monetary Policy and Economic Impact research?

By volume, the United States and China publish the most (1.6k and 833 works in 2022-now).

By volume, 2022-now

  1. 1 United States 1.6k works
  2. 2 China 833 works
  3. 3 Türkiye 681 works
  4. 4 India 520 works
  5. 5 United Kingdom 454 works
  6. 6 Germany 331 works
  7. 7 Nigeria 321 works
  8. 8 Italy 263 works
  9. 9 Indonesia 227 works
  10. 10 France 218 works

How concentrated that is

The same countries as shares of everything the list above accounts for. A node where two countries do two thirds of the work and one spread evenly across twelve read alike as a ranking and not at all alike here.

United States: 28.9%China: 15.4%Türkiye: 12.6%India: 9.6%6 others listed: 33.5%29%largest
United States1,564 · 28.9%China833 · 15.4%Türkiye681 · 12.6%India520 · 9.6%6 others listed1,814 · 33.5%

Shares of the rows listed above, not of the whole node.

Which institutions lead Monetary Policy and Economic Impact research?

By volume in 2022-now, European Central Bank publishes the most Monetary Policy and Economic Impact research, followed by Federal Reserve Board of Governors and International Monetary Fund.

By volume, 2022-now

  1. 1 European Central BankGermany 58 works
  2. 2 Federal Reserve Board of GovernorsUnited States 55 works
  3. 3 International Monetary FundUnited States 54 works
  4. 4 Centre National de la Recherche ScientifiqueFrance 50 works
  5. 5 Federal ReserveUnited States 46 works
  6. 6 Bank of ItalyItaly 42 works
  7. 7 National Bureau of Economic ResearchUnited States 38 works
  8. 8 Centre for Economic Policy ResearchUnited Kingdom 31 works
  9. 9 Bank of SpainSpain 28 works
  10. 10 University of ChicagoUnited States 28 works

Who are the leading researchers in Monetary Policy and Economic Impact?

The most-cited researchers publishing on Monetary Policy and Economic Impact include Eugene F. Fama, Andrei Shleifer and Michael C. Jensen.

  1. 1 Eugene F. Fama United States 262k citations
  2. 2 Andrei Shleifer United States 234k citations
  3. 3 Michael C. Jensen United States 203k citations
  4. 4 Harry Eugene Stanley United States 198k citations
  5. 5 Sanjay Basu United States 193k citations

Ranked by citations received across their whole record, among researchers with at least three works on this topic.

What are the most cited papers in Monetary Policy and Economic Impact?

The most cited paper in Monetary Policy and Economic Impact is "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations" (Manuel Arellano, Stephen Bond, 1991), with 33,547 citations. Next come "Co-Integration and Error Correction: Representation, Estimation, and Testing" (32,272) and "Generalized autoregressive conditional heteroskedasticity" (22,677).

Most cited papers
#PaperReleasedCitations
1 Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations Manuel Arellano, Stephen Bond · The Review of Economic Studies Apr 1991 33,547
2 Co-Integration and Error Correction: Representation, Estimation, and Testing Robert F. Engle, C. W. J. Granger · Econometrica Mar 1987 32,272
3 Generalized autoregressive conditional heteroskedasticity Tim Bollerslev · Journal of Econometrics Open access Apr 1986 22,677
4 Bounds testing approaches to the analysis of level relationships M. Hashem Pesaran, Yongcheol Shin, Richard J. Smith · Journal of Applied Econometrics May 2001 20,229
5 Another look at the instrumental variable estimation of error-components models Manuel Arellano, Olympia Bover · Journal of Econometrics Jul 1995 20,111
All 98 most cited papers, with filters and sorting

Where is Monetary Policy and Economic Impact research done?

The largest centres of Monetary Policy and Economic Impact research in 2022-now are Washington D.C. (United States), Beijing (China), London (United Kingdom) and Istanbul (Türkiye). Among places with at least 20 works in it, it is an unusually large share of all research in Frankfurt am Main.

Largest cities, 2022-now

  1. 1 Washington D.C.United States 240 works
  2. 2 BeijingChina 187 works
  3. 3 LondonUnited Kingdom 179 works
  4. 4 IstanbulTürkiye 124 works
  5. 5 New YorkUnited States 98 works
  6. 6 Frankfurt am MainGermany 94 works
  7. 7 MoscowRussia 91 works
  8. 8 RomeItaly 89 works
  9. 9 ParisFrance 86 works
  10. 10 AnkaraTürkiye 85 works

Where it is the local speciality

  1. Frankfurt am MainDE · 94.3 works13×
← less than its size predicts1×more →

Location quotient: how much more of its research is in Monetary Policy and Economic Impact than the world average.

See Monetary Policy and Economic Impact on the map

Where is the best place to study Monetary Policy and Economic Impact?

Among universities, judged by research, Southwest Jiaotong University, Lebanese American University and University of Chicago score highest, combining excellence, specialisation, size, growth and international reach. Research strength is one signal when choosing where to study; it does not measure teaching.

0%20%40%mean 23.22%fractional works in this field (log) →share of work in the world top 10% →Lebanese American Un…Southwest Jiaotong U…Columbia UniversityUniversity of Chicago
above the meannear itbelow it

One dot per university in the first ten of the table below, at the default weights. The upper left is the interesting corner: small places doing unusually strong work.

Excellenceshare of its work in the world top 10%, 2022-now and all time averaged
40%
Specialisationhow much of its work is in this field, counted up to 10× the world share
10%
Sizeits output in this field, on a log scale
30%
Growthoutput growth, counted from -20% to +20%
10%
Internationalshare of its work with a co-author abroad
10%
Each slider sets a weight; the share it gets of the score is beside it.
#UniversityScoreTop 10%SpecialisationWorksGrowth
1Southwest Jiaotong UniversityChina 71.933.9%2.5×15 +37.7%
2Lebanese American UniversityLebanon 70.944.9%10.6×9 +396.7%
3University of ChicagoUnited States 66.819.8%4.2×28 -6.5%
4Columbia UniversityUnited States 64.020.8%2.9×25 +1.9%
5University of California, BerkeleyUnited States 63.326.0%2.7×20 +3.3%
6London School of Economics and Political ScienceUnited Kingdom 55.818.6%11.0×20 -25.1%
7Nanjing University of Science and TechnologyChina 55.723.2%2.0×13 +74.0%
8Renmin University of ChinaChina 54.28.9%8.7×22 +40.6%
9University of Cape CoastGhana 52.925.1%10.6×11 +117.1%
10Central University of Finance and EconomicsChina 52.411.0%24.8×22 -1.4%

Universities only. The score blends excellence (40%), size (30%), specialisation (10%), growth (10%), international reach (10%), 2022-now; growth compares 2018-21 with 2022-25 and counts up to +20%, since a jump from a small base is mostly noise.

Every institution in Monetary Policy and Economic Impact, country by country

Is Monetary Policy and Economic Impact research growing?

Output in 2022-2025 was 9% lower than in 2018-2021, peaking in 2020.

still counting19801990200020102020
grewheldshrank

The same series as a ribbon: one cell per year, darker for more. The line above answers how much; this answers when.

Its share of all research

Growing output can still be a shrinking share: all of science grows. This is Monetary Policy and Economic Impact as a percentage of every work published that year, 0.041% in 2024.

still counting0.050%0.10%Monetary Policy and Economic Impact0.033% in 202519801990200020102020

Fractional works of Monetary Policy and Economic Impact over all fractional works that year. How the balance of science has shifted.

How much of it reaches the world top 10%

Year by year.

still counting5%10%15%Monetary Policy and Economic Impact10.4% in 2025200020102020

Of each year's works in it, the share that reached the world's 10% most cited for their field and year. A field is the world for its own topics, so there is no other line to hold it against.

Which topics inside it are moving

Growth and decline on one axis around a shared zero. Two lists side by side hide the thing that matters: whether the growth dwarfs the decline, or the other way round.

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