Report NEP-MAC-2005-05-23

This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra K Mallick issued this report. It is usually issued weekly.

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The following items were announced in this report:

• Alvaro Aguirre & César Calderón, 2005. "Real Exchange Rate Misalignments and Economic Performance," Working Papers Central Bank of Chile 316, Central Bank of Chile.
• Leon Bettendorf & Stephanie van der Geest & Gerard Kuper, 2005. "Do Daily Retail Gasoline Prices adjust Asymmetrically?," Tinbergen Institute Discussion Papers 05-040/2, Tinbergen Institute.
• Marco Del Negro & Frank Schorfheide & Frank Smets & Raf Wouters, 2004. "On the fit and forecasting performance of New Keynesian models," FRB Atlanta Working Paper 2004-37, Federal Reserve Bank of Atlanta.
• Arantza Gorostiaga & Juan F. Rubio-Ramirez, 2005. "Fiscal policy and minimum wage for redistribution: an equivalence result," FRB Atlanta Working Paper 2005-08, Federal Reserve Bank of Atlanta.
• Joanna Stavins, 2004. "Do bank mergers affect Federal Reserve check volume?," Public Policy Discussion Paper 04-7, Federal Reserve Bank of Boston.
• James M. Nason & Gregor W. Smith, 2005. "Identifying the New Keynesian Phillips curve," FRB Atlanta Working Paper 2005-01, Federal Reserve Bank of Atlanta.
• Mark Aguiar & Gita Gopinath, 2004. "Emerging market business cycles: the cycle is the trend," Working Papers 04-4, Federal Reserve Bank of Boston.
• Peter N. Ireland, 2005. "The liquidity trap, the real balance effect, and the Friedman rule," Working Papers 05-3, Federal Reserve Bank of Boston.
• F. Owen Irvine & Scott Schuh, 2005. "Interest sensitivity and volatility reductions: cross-section evidence," Working Papers 05-4, Federal Reserve Bank of Boston.
• Ricardo Lagos & Guillaume Rocheteau, 2004. "Inflation, output, and welfare," Working Papers (Old Series) 0407, Federal Reserve Bank of Cleveland.
• Aleksander Berentsen & Guillaume Rocheteau & Shouyong Shi, 2004. "Friedman meets Hosios: efficiency in search models of money," Working Papers (Old Series) 0408, Federal Reserve Bank of Cleveland.
• Charles T. Carlstrom & Timothy S. Fuerst, 2004. "Thinking about monetary policy without money: a review of three books: Inflation Targeting, Monetary Theory and Policy, and Interest and Prices," Working Papers (Old Series) 0410, Federal Reserve Bank of Cleveland.
• William A. Branch & John B. Carlson & George W. Evans & Bruce McGough, 2004. "Monetary policy, endogenous inattention, and the volatility trade-off," Working Papers (Old Series) 0411, Federal Reserve Bank of Cleveland.
• Charles T. Carlstrom & Timothy S. Fuerst, 2004. "Asset prices, nominal rigidities, and monetary policy," Working Papers (Old Series) 0413, Federal Reserve Bank of Cleveland.
• David E. Altig & Lawrence J. Christiano & Martin S. Eichenbaum & Jesper Lindé, 2004. "Firm-specific capital, nominal rigidities, and the business cycle," Working Papers (Old Series) 0416, Federal Reserve Bank of Cleveland.
• Guillaume Rocheteau & Christopher J. Waller, 2005. "Bargaining and the value of money," Working Papers (Old Series) 0501, Federal Reserve Bank of Cleveland.
• Amit Basu & Thomas F. Siems, 2004. "The impact of e-business technologies on supply chain operations: a macroeconomic perspective," Working Papers 0404, Federal Reserve Bank of Dallas.
• Evan F. Koenig, 2004. "Optimal monetary policy in economies with \"sticky-information\" wages," Working Papers 0405, Federal Reserve Bank of Dallas.
• Jesus Cañas & Keith R. Phillips, 2004. "Business cycle coordination along the Texas-Mexico border," Working Papers 0502, Federal Reserve Bank of Dallas.
• John M. Roberts, 2004. "Monetary policy and inflation dynamics," Finance and Economics Discussion Series 2004-62, Board of Governors of the Federal Reserve System (U.S.).
• Item repec:fip:fedfam:2005-04 is not listed on IDEAS anymore

• Vittorio Corbo & Leonardo Hernández & Fernando Parro, 2005. "Institutions, Economic Policies and Growth: Lessons From the Chilean Experience," Working Papers Central Bank of Chile 317, Central Bank of Chile.
• Item repec:fip:fedfam:2005-06 is not listed on IDEAS anymore

• Item repec:fip:fedfap:2004-22 is not listed on IDEAS anymore

• Item repec:fip:fedfap:2004-25 is not listed on IDEAS anymore

• Item repec:fip:fedfpb:2004-30 is not listed on IDEAS anymore

• Tobías Broer, 2005. "Money as an indicator for inflation and output in Chile - not anymore?," Working Papers Central Bank of Chile 319, Central Bank of Chile.
• Athanasios Orphanides & Simon van Norden, 2004. "The reliability of inflation forecasts based on output gap estimates in real time," Finance and Economics Discussion Series 2004-68, Board of Governors of the Federal Reserve System (U.S.).
• Mark W. French, 2005. "A nonlinear look at trend MFP growth and the business cycle: result from a hybrid Kalman/Markov switching model," Finance and Economics Discussion Series 2005-12, Board of Governors of the Federal Reserve System (U.S.).
• Valerie A. Ramey & Daniel J. Vine, 2005. "Tracking the source of the decline in GDP volatility: an analysis of the automobile industry," Finance and Economics Discussion Series 2005-14, Board of Governors of the Federal Reserve System (U.S.).
• Robert M. Adams & Dean F. Amel, 2005. "The effects of local banking market structure on the banking-lending channel of monetary policy," Finance and Economics Discussion Series 2005-16, Board of Governors of the Federal Reserve System (U.S.).
• Alain P. Chaboud & Sergey V. Chernenko & Edward Howorka & Raj S. Krishnasami Iyer & David Liu & Jonathan H. Wright, 2004. "The high-frequency effects of U.S. macroeconomic data releases on prices and trading activity in the global interdealer foreign exchange market," International Finance Discussion Papers 823, Board of Governors of the Federal Reserve System (U.S.).
• Sanjay K. Chugh, 2005. "Optimal inflation persistence: Ramsey taxation with capital and habits," International Finance Discussion Papers 829, Board of Governors of the Federal Reserve System (U.S.).
• Marianne Baxter & Michael A. Kouparitsas, 2004. "Determinants of business cycle comovement: a robust analysis," Working Paper Series WP-04-14, Federal Reserve Bank of Chicago.
• Jeffrey R. Campbell & Zvi Hercowitz, 2004. "The role of households' collateralized debts in macroeconomic stabilization," Working Paper Series WP-04-24, Federal Reserve Bank of Chicago.
• Bernardino Adão & Isabel Correia & Pedro Teles, 2004. "Monetary policy with state contingent interest rates," Working Paper Series WP-04-26, Federal Reserve Bank of Chicago.
• Bernardino Adão & Isabel Correia & Pedro Teles, 2004. "Monetary policy with single instrument feedback rules," Working Paper Series WP-04-30, Federal Reserve Bank of Chicago.
• Penelope A. Smith & Peter M. Summers, 2004. "Identification and normalization in Markov switching models of \"business cycles\"," Research Working Paper RWP 04-09, Federal Reserve Bank of Kansas City.
• Marcela Meirelles Aurelio, 2005. "The performance of monetary and fiscal rules in an open economy with imperfect capital mobility," Research Working Paper RWP 05-01, Federal Reserve Bank of Kansas City.
• Kevin L. Kliesen & Frank A. Schmid, 2004. "Do productivity growth, budget deficits, and monetary policy actions affect real interest rates? evidence from macroeconomic announcement data," Working Papers 2004-019, Federal Reserve Bank of St. Louis.
• William T. Gavin & Benjamin D. Keen & Michael R. Pakko, 2005. "The monetary instrument matters," Working Papers 2004-026, Federal Reserve Bank of St. Louis.
• Hui Guo & Robert Savickas, 2006. "Aggregate idiosyncratic volatility in G7 countries," Working Papers 2004-027, Federal Reserve Bank of St. Louis.
• Hui Guo & Zijun Wang & Jian Yang, 2004. "International transmission of inflation among G-7 countries: a data-determined VAR analysis," Working Papers 2004-028, Federal Reserve Bank of St. Louis.
• James Morley & Jeremy M. Piger, 2005. "The importance of nonlinearity in reproducing business cycle features," Working Papers 2004-032, Federal Reserve Bank of St. Louis.
• William T. Gavin & David M. Kemme, 2007. "Using extraneous information to analyze monetary policy in transition economies," Working Papers 2004-034, Federal Reserve Bank of St. Louis.
• Thomas A. Garrett & David C. Wheelock, 2006. "Why did income growth vary across states during the Great Depression?," Working Papers 2005-013, Federal Reserve Bank of St. Louis.
• Huberto M. Ennis, 2004. "Search, money, and inflation under private information," Discussion Paper / Institute for Empirical Macroeconomics 142, Federal Reserve Bank of Minneapolis.
• Patrick J. Kehoe, 2004. "Patrick Kehoe's comment on \\"Determinants of business cycle comovement: a robust analysis\\" by Marianne Baxter and Michael Kouparitsas," Staff Report 349, Federal Reserve Bank of Minneapolis.
• Ellen R. McGrattan & Edward C. Prescott, 2005. "Productivity and the post-1990 U.S. economy," Staff Report 350, Federal Reserve Bank of Minneapolis.
• Aubhik Khan & Julia K. Thomas, 2004. "Idiosyncratic shocks and the role of nonconvexities in plant and aggregate investment dynamics," Staff Report 352, Federal Reserve Bank of Minneapolis.
• Matthias Doepke & Fabrizio Zilibotti, 2005. "The macroeconomics of child labor regulation," Staff Report 354, Federal Reserve Bank of Minneapolis.
• Harold L. Cole & Ron Leung & Lee E. Ohanian, 2005. "Deflation and the international Great Depression: a productivity puzzle," Staff Report 356, Federal Reserve Bank of Minneapolis.
• V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2005. "A critique of structural VARs using real business cycle theory," Working Papers 631, Federal Reserve Bank of Minneapolis.
• Timothy Cogley & Argia M. Sbordone, 2005. "A search for a structural Phillips curve," Staff Reports 203, Federal Reserve Bank of New York.
• Argia M. Sbordone, 2005. "Do expected future marginal costs drive inflation dynamics?," Staff Reports 204, Federal Reserve Bank of New York.
• Gauti B. Eggertsson & Eric Le Borgne, 2005. "The politics of central bank independence: a theory of pandering and learning in government," Staff Reports 205, Federal Reserve Bank of New York.
• Michael Dotsey & Robert G. King, 2005. "Implications of state-dependent pricing for dynamic macroeconomic models," Working Papers 05-2, Federal Reserve Bank of Philadelphia.
• M. Ayhan Kose & Kei-Mu Yi, 2005. "Can the standard international business cycle model explain the relation between trade and comovement?," Working Papers 05-3, Federal Reserve Bank of Philadelphia.
• Thomas M. Humphrey, 2004. "Alfred Marshall and the quantity theory of money," Working Paper 04-10, Federal Reserve Bank of Richmond.
• Mervyn Allister King, 1998. "The Inflation Target Five Years On," FMG Special Papers sp99, Financial Markets Group.
• Bonfiglioli, Alessandra, 2005. "Equities and Inequality," Seminar Papers 737, Stockholm University, Institute for International Economic Studies.
• Bengtsson, Ingemar, 2005. "A framework for understanding inflation - with or without money," Working Papers 2005:28, Lund University, Department of Economics.
• Bengtsson, Ingemar, 2005. "Transaction Costs, Money and Units of Account," Working Papers 2005:29, Lund University, Department of Economics.
• Holden, Steinar & Wulfsberg, Fredrik, 2005. "Downward Nominal Wage Rigidity in the OECD," Memorandum 10/2005, Oslo University, Department of Economics.
• Bjørnland, Hilde C. & Leitemo, Kai, 2005. "Identifying the Interdependence between US Monetary Policy and the Stock Market," Memorandum 12/2005, Oslo University, Department of Economics.
• Blanchflower, David G. & Oswald, Andrew J., 2005. "Happiness and the Human Development Index: The Paradox of Australia," IZA Discussion Papers 1601, Institute of Labor Economics (IZA).
• Böheim, René & Stiglbauer, Alfred M. & Winter-Ebmer, Rudolf, 2005. "When and How to Create a Job: The Survival of New Jobs in Austrian Firms," IZA Discussion Papers 1602, Institute of Labor Economics (IZA).
• David G. Blanchflower & Andrew J. Oswald, 2005. "The Wage Curve Reloaded," NBER Working Papers 11338, National Bureau of Economic Research, Inc.
• Geert Bekaert & Seonghoon Cho & Antonio Moreno, 2005. "New-Keynesian Macroeconomics and the Term Structure," NBER Working Papers 11340, National Bureau of Economic Research, Inc.
• Giancarlo Corsetti & Paolo Pesenti, 2005. "The Simple Geometry of Transmission and Stabilization in Closed and Open Economies," NBER Working Papers 11341, National Bureau of Economic Research, Inc.
• Benjamin M. Friedman, 2005. "What Remains from the Volcker Experiment?," NBER Working Papers 11346, National Bureau of Economic Research, Inc.
• Philippe Aghion & George-Marios Angeletos & Abhijit Banerjee & Kalina Manova, 2005. "Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment," NBER Working Papers 11349, National Bureau of Economic Research, Inc.
• William Nordhaus, 2005. "The Sources of the Productivity Rebound and the Manufacturing Employment Puzzle," NBER Working Papers 11354, National Bureau of Economic Research, Inc.
• Gary Gorton & Ping He, 2005. "Bank Credit Cycles," NBER Working Papers 11363, National Bureau of Economic Research, Inc.
• George Kapetanios & Elias Tzavalis, 2005. "Nonlinear Modelling of Autoregressive Structural Breaks in a US Diffusion Index Dataset," Working Papers 537, Queen Mary University of London, School of Economics and Finance.
• Marco Pagano, 2005. "The Modigliani-Miller Theorems: A Cornerstone of Finance," CSEF Working Papers 139, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
• Tullio Jappelli, 2005. "The Life-Cycle Hypothesis, Fiscal Policy, and Social Security," CSEF Working Papers 140, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
• Jos?? Noguera & Susan J. Linz, 2005. "Barter, Credit, and Welfare: A theoretical inquiry into the barter phenomenon in Russia," William Davidson Institute Working Papers Series wp757, William Davidson Institute at the University of Michigan.
• Maxim Bouev, 2005. "State Regulations, Job Search and Wage Bargaining: A Study in the Economics of the Informal Sector," William Davidson Institute Working Papers Series wp764, William Davidson Institute at the University of Michigan.
• Viviana Fernandez & Ali M. Kutan, 2005. "Do Regional Integration Agreements Increase Business-Cycle Convergence? Evidence From APEC and NAFTA," William Davidson Institute Working Papers Series wp765, William Davidson Institute at the University of Michigan.
• Imed Drine & Christophe Rault, 2005. "Testing for inflation convergence between the Euro Zone and its CEE partners," William Davidson Institute Working Papers Series wp768, William Davidson Institute at the University of Michigan.
• Bal??zs ??gert & L??szl?? Halpern, 2005. "Equilibrium Exchange Rates in Central and Eastern Europe: A Meta-Regression Analysis," William Davidson Institute Working Papers Series wp769, William Davidson Institute at the University of Michigan.
• Bal??zs ??gert, 2005. "Equilibrium Exchange Rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) Diseased?," William Davidson Institute Working Papers Series wp770, William Davidson Institute at the University of Michigan.
• Daniel Levy, 2005. "Output, Capital, and Labor in the Short, and Long-Run," Development and Comp Systems 0505012, University Library of Munich, Germany.
• Hashem Dezhbakhsh & Daniel Levy, 2005. "Periodic Properties of Interpolated Time Series," Econometrics 0505004, University Library of Munich, Germany.
• Daniel Levy & Mark Bergen, 2005. "Simulating a Multiproduct Barter Exchange Economy," Experimental 0505002, University Library of Munich, Germany.
• Harold Fried & Daniel Levy, 2005. "Beans as a Medium of Exchange," General Economics and Teaching 0505001, University Library of Munich, Germany.
• Daniel Levy, 2005. "Investment-Saving Comovement under Endogenous Fiscal Policy," International Finance 0505008, University Library of Munich, Germany.
• Axel Dreher & Roland Vaubel, 2005. "Foreign Exchange Intervention And The Political Business Cycle: A Panel Data Analysis," International Finance 0505009, University Library of Munich, Germany.
• Stamatopoulos Theodoros, 2005. "Trade Balance and Exchange-Rate for a Small Open Economy during the EMS: The Hellenic Case 1983:1-1995:12," International Finance 0505012, University Library of Munich, Germany.
• Daniel Levy & Shantanu Dutta & Mark Bergen & Robert Venable, 2005. "Price Adjustment at Multiproduct Retailers," Industrial Organization 0505005, University Library of Munich, Germany.
• Petri Böckerman & Edvard Johansson & Satu Helakorpi & Ritva Prättälä & Erkki Vartiainen Antti Uutela, 2005. "Does a Slump Really Make You Thinner? Finnish Micro-level Evidence 1978-2002," Labor and Demography 0505011, University Library of Munich, Germany.
• Daniel Levy & Mark Bergen & Shantanu Dutta & Robert Venable, 2005. "The Magnitude of Menu Costs: Direct Evidence from Large U.S. Supermarket Chains," Macroeconomics 0505012, University Library of Munich, Germany.
• Mark Zbaracki & Mark Bergen & Shantanu Dutta & Daniel Levy & Mark Ritson, 2005. "Beyond the Cost of Price Adjustment: Investments in Pricing Capital," Macroeconomics 0505013, University Library of Munich, Germany.
• Mark Ritson & Mark Zbaracki & Shantanu Dutta & Daniel Levy & Mark Bergen, 2005. "The Three Capitals of Pricing – Human, Systems and Social Capital," Macroeconomics 0505014, University Library of Munich, Germany.
• Efrem Castelnuovo & Paolo Surico, 2005. "The Price Puzzle: Fact or Artefact?," Macroeconomics 0505015, University Library of Munich, Germany, revised 19 Jul 2005.
• Feng Dai & Ying Wang & Zifu Qin, 2005. "Development Power and Its Power Model: The Analytic Approach for Continuous Motivity of Economic Growth," Macroeconomics 0505016, University Library of Munich, Germany.
• William Barnett, 2005. "Comment on 'Chaotic Monetary Dynamics with Confidence'," Macroeconomics 0505017, University Library of Munich, Germany.
• António Portugal Duarte & João Sousa Andrade, 2005. "How the gold standard functioned in Portugal: an analysis of some macroeconomic aspects," Method and Hist of Econ Thought 0505002, University Library of Munich, Germany.
• Daniel Levy, 2005. "Capital Stock Depreciation, Tax Rules, and Composition of Aggregate Investment," Others 0505007, University Library of Munich, Germany.
• Daniel Levy & Haiwei Chen, 2005. "Estimates of the Aggregate Quarterly Capital Stock for the Post- War U.S. Economy," Others 0505008, University Library of Munich, Germany, revised 16 May 2005.
• Norihiro KASUGA & Katsumi Matsuura, 2005. "Liquidity Constraint and Household Portfolio in Japan," Others 0505010, University Library of Munich, Germany.
• Ludwig, Alexander & Sløk, Torsten, 2004. "The relationship between stock prices, house prices and consumption in OECD," Sonderforschungsbereich 504 Publications 04-12, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
• Yochanan Shachmurove, 2003. "Financial Markets of the Middle East and North Africa: The Past and Present," PIER Working Paper Archive 03-017, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Francis X. Diebold & Glenn D. Rudebusch & S. Boragan Aruoba, 2003. "The Macroeconomy and the Yield Curve: A Nonstructural Analysis," PIER Working Paper Archive 03-024, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Guillaume Rocheteau & Randall Wright, 2003. "Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium," PIER Working Paper Archive 03-031, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Guillaume Rocheteau & Randall Wright, 2003. "Inflation and Welfare in Models with Trading Frictions," PIER Working Paper Archive 03-032, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Christopher Edmonds & Manabu Fujimura, 2005. "Relative Economic Decline and Unrealized Demographic Opportunity in the Philippines," Economics Study Area Working Papers 77, East-West Center, Economics Study Area.