Report NEP-MAC-2006-04-22

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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Other reports in NEP-MAC

The following items were announced in this report:

• Cees Ullersma & Jan Marc Berk & Bryan Chapple, 2006. "Money Rules," DNB Working Papers 096, Netherlands Central Bank, Research Department.
• Andreas Schabert, 2006. "Central Bank Instruments, Fiscal Policy Regimes, and the Requirements for Equilibrium Determinacy," Tinbergen Institute Discussion Papers 06-025/2, Tinbergen Institute.
• Kotilainen, Markku, "undated". "Economic Shocks, Progressiveness of Taxation, and Indexation of Taxes and Public Expenditure in EMU," Discussion Papers 1011, The Research Institute of the Finnish Economy.
• Item repec:hum:wpaper:sfb649dp2006-025 is not listed on IDEAS anymore

• Krisztina Molnár & Sergio Santoro, 2006. "Optimal Monetary Policy When Agents Are Learning," CERS-IE WORKING PAPERS 0601, Institute of Economics, Centre for Economic and Regional Studies, revised 15 Mar 2006.
• Maćkowiak, Bartosz, 2006. "External shocks, US monetary policy and macroeconomic fluctuations in merging markets," SFB 649 Discussion Papers 2006-026, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
• Pierpaolo Benigno & Michael Woodford, 2006. "Optimal Inflation Targeting under Alternative Fiscal Regimes," NBER Working Papers 12158, National Bureau of Economic Research, Inc.
• Item repec:col:001043:002464 is not listed on IDEAS anymore

• Ellen R. McGrattan & Lee E. Ohanian, 2006. "Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence From World War II," NBER Working Papers 12130, National Bureau of Economic Research, Inc.
• Campbell Leith & Leopold von Thadden, 2006. "Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers," Working Papers 2006_6, Business School - Economics, University of Glasgow.
• Minford, Patrick & Le, Vo Phuong Mai, 2006. "Joining the European Monetary Union - Comparing First and Second Generation Open Economy Models," CEPR Discussion Papers 5615, C.E.P.R. Discussion Papers.
• Takatoshi Ito & Kiyotaka Sato, 2006. "Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through," Discussion papers 06018, Research Institute of Economy, Trade and Industry (RIETI).
• Minford, Patrick & Le, Vo Phuong Mai, 2006. "Calvo Contracts - Optimal Indexation in General Equilibrium," CEPR Discussion Papers 5616, C.E.P.R. Discussion Papers.
• Ellen Meade, 2006. "Dissent and Disagreement on the Fed's FOMC: Understanding Regional Affiliations and limits to Transparency," DNB Working Papers 094, Netherlands Central Bank, Research Department.
• Roberto Tamborini, 2006. "Back to Wicksell? In search of the foundations of practical monetary policy," Department of Economics Working Papers 0602, Department of Economics, University of Trento, Italia.
• Sebastian Edwards, 2006. "The Relationship Between Exchange Rates and Inflation Targeting Revisited," NBER Working Papers 12163, National Bureau of Economic Research, Inc.
• Marcellino, Massimiliano & Kapetanios, George, 2006. "Impulse Response Functions from Structural Dynamic Factor Models: A Monte Carlo Evaluation," CEPR Discussion Papers 5621, C.E.P.R. Discussion Papers.
• Corsetti, Giancarlo, 2006. "Openness and the Case for Flexible Exchange Rates," CEPR Discussion Papers 5612, C.E.P.R. Discussion Papers.
• Vatcharin Sirimaneetham & Jonathan Temple, 2006. "Macroeconomic policy and the distribution of growth rates," Bristol Economics Discussion Papers 06/584, School of Economics, University of Bristol, UK.
• Sergio Turner & Norovsambuu Tumennasan, 2006. "Pareto Improving Monetary Policy in Incomplete Markets," Working Papers 2006-04, Brown University, Department of Economics.
• Item repec:ven:wpaper:21_06 is not listed on IDEAS anymore

• Laura Mayoral, 2005. "The persistence of inflation in OECD countries: A fractionally integrated approach," Economics Working Papers 958, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2005.
• John H. Munro, 2006. "Real Wages and the 'Malthusian Problem' in Antwerp and South-Eastern England, 1400 - 1700: A regional comparison of levels and trends in real wages," Working Papers tecipa-225, University of Toronto, Department of Economics.
• Christian Deubner, 2006. "A Dynamic Perspective for the Reform of the Stability and Growth Pact," Working Papers 2006-06, CEPII research center.
• Qing Liu & Shouyong Shi, 2006. "Currency Areas and Monetary Coordination," Working Papers tecipa-226, University of Toronto, Department of Economics.
• Chiara Dalle Nogare & Matilde Vassalli, 2006. "A Pressure-Augmented Taylor Rule for Italy," Working Papers ubs0604, University of Brescia, Department of Economics.
• Ilias Lekkos & Costas Milas & Theodore Panagiotidis, 2006. "Forecasting interest rate swap spreads using domestic and international risk factors: Evidence from linear and non-linear models," Discussion Paper Series 2006_6, Department of Economics, Loughborough University, revised Mar 2006.
• Jean-Paul Fitoussi, 2006. "Macroeconomic Policies and Institutions," Documents de Travail de l'OFCE 2006-06, Observatoire Francais des Conjonctures Economiques (OFCE).
• Roberto Casarin & Carmine Trecroci, 2006. "Business Cycle and Stock Market Volatility: A Particle Filter Approach," Working Papers ubs0603, University of Brescia, Department of Economics.
• Ricardo J. Caballero & Arvind Krishnamurthy, 2006. "Flight to Quality and Collective Risk Management," NBER Working Papers 12136, National Bureau of Economic Research, Inc.
• Carmine Trecroci & Matilde Vassalli, 2006. "Monetary policy regime shifts: new evidence from time-varying interest rate rules," Working Papers 0602, University of Brescia, Department of Economics.
• Trabandt, Mathias & Uhlig, Harald, 2006. "How far are we from the slippery slope? The Laffer curve revisited," SFB 649 Discussion Papers 2006-023, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
• Mauro Mastrogiacomo & R.P. Berben & K. Bernoth, 2006. "Households' response to wealth changes; do gains or losses make a difference," CPB Discussion Paper 63, CPB Netherlands Bureau for Economic Policy Analysis.
• Orazio Attanasio & Laura Blow & Robert Hamilton & Andrew Leicester, 2005. "Booms and busts: consumption, house prices and expectations," IFS Working Papers W05/24, Institute for Fiscal Studies.
• Filippo Occhino & Kim Oosterlinck & Eugene N. White, 2006. "How Occupied France Financed Its Own Exploitation in World War II," NBER Working Papers 12137, National Bureau of Economic Research, Inc.
• Item repec:col:001043:002441 is not listed on IDEAS anymore

• Yoshiyasu Ono & Akihisa Shibata, 2006. "Capital Income Taxation and Specialization Patterns: Investment Tax vs. Saving Tax," KIER Working Papers 613, Kyoto University, Institute of Economic Research.
• Centre for the Study of Living Standards, 2005. "What Explains the Canada-US ICT Investment Intensity Gap?," CSLS Research Reports 2005-06, Centre for the Study of Living Standards.
• Muellbauer, John & Murphy, Anthony & Cameron, Gavin, 2006. "Was There a British House Price Bubble? Evidence from a Regional Panel," CEPR Discussion Papers 5619, C.E.P.R. Discussion Papers.
• Marcellino, Massimiliano & Kapetanios, George, 2006. "A Parametric Estimation Method for Dynamic Factor Models of Large Dimensions," CEPR Discussion Papers 5620, C.E.P.R. Discussion Papers.
• Snower, Dennis J. & Merkl, Christian, 2006. "The Caring Hand that Cripples: The East German Labor Market After Reunification (Detailed Version)," IZA Discussion Papers 2066, Institute of Labor Economics (IZA).
• Item repec:col:001043:002454 is not listed on IDEAS anymore

• Item repec:col:001043:002455 is not listed on IDEAS anymore

• Philip R. Lane, 2006. "The Real Effects of EMU," The Institute for International Integration Studies Discussion Paper Series iiisdp115, IIIS.
• Item repec:col:001043:002458 is not listed on IDEAS anymore

• Item repec:idb:wpaper:1019 is not listed on IDEAS anymore

• Frijters, Paul & Gregory, Bob, 2006. "From Golden Age to Golden Age: Australia's "Great Leap Forward"?," IZA Discussion Papers 2068, Institute of Labor Economics (IZA).
• Thomas Crossley & Hamish Low, 2005. "Is the elasticity of intertemporal substitution constant?," IFS Working Papers W05/25, Institute for Fiscal Studies.
• Heinrich Hock & David N. Weil, 2006. "The Dynamics of the Age Structure, Dependency, and Consumption," NBER Working Papers 12140, National Bureau of Economic Research, Inc.
• Greg Hannsgen, 2006. "A Random Walk Down Maple Lane?: A Critique of Neoclassical Consumption Theory with Reference to Housing Wealth," Economics Working Paper Archive wp_445, Levy Economics Institute.
• Nikola Bokan & Andrew Hughes Hallett, 2006. "Labour and Product Market Reforms in the Economy with Distortionary Taxation," CDMA Working Paper Series 200604, Centre for Dynamic Macroeconomic Analysis.
• Laura Mayoral, 2005. "Further evidence on the statistical properties of real GNP," Economics Working Papers 955, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2006.
• Laura Mayoral, 2005. "Is the observed persistence spurious? A test for fractional integration versus short memory and structural breaks," Economics Working Papers 956, Department of Economics and Business, Universitat Pompeu Fabra.
• Peter G. Szilagyi & Jonathan A. Batten, 2006. "Arbitrage, Covered Interest Parity and Long-Term Dependence between the US Dollar and the Yen," The Institute for International Integration Studies Discussion Paper Series iiisdp128, IIIS.
• Item repec:col:001043:002452 is not listed on IDEAS anymore

• Ricardo J. Caballero & Takeo Hoshi & Anil K. Kashyap, 2006. "Zombie Lending and Depressed Restructuring in Japan," NBER Working Papers 12129, National Bureau of Economic Research, Inc.
• Kiichiro Fukasaku & Masahiro Kawai & Michael G. Plummer & Alexandra Trzeciak-Duval, 2005. "Policy Coherence Towards East Asia: Development Challenges for OECD Countries," OECD Development Centre Policy Briefs 26, OECD Publishing.
• Orla Doyle & Paul Patrick Walsh, 2006. "Did Political Constraints Bind during Transition? Evidence from Czech Elections 1990-2002," The Institute for International Integration Studies Discussion Paper Series iiisdp117, IIIS.
• Maican, Florin G. & Sweeney, Richard J., 2006. "Real Exchange Rate Adjustment In European Transition Countries," Working Papers in Economics 202, University of Gothenburg, Department of Economics.
• Item repec:got:cegedp:51 is not listed on IDEAS anymore

• Item repec:col:001043:002461 is not listed on IDEAS anymore

• Cardullo, Gabriele & Van der Linden, Bruno, 2006. "Employment Subsidies and Substitutable Skills: An Equilibrium Matching Approach," IZA Discussion Papers 2073, Institute of Labor Economics (IZA).
• Rachel Griffith & Rupert Harrison & Gareth Macartney, 2006. "Product market reforms, labour market institutions and unemployment," IFS Working Papers W06/06, Institute for Fiscal Studies.
• Item repec:col:001043:002451 is not listed on IDEAS anymore

• Michel Lelart, 2005. "La Zone Euro et la monnaie unique face à l'élargissement de l'Union Européenne," Post-Print halshs-00009842, HAL.
• Herrade Igersheim, 2006. "A.K. Sen et J.E. Roemer : une même approche de la responsabilité ?," Working Papers of BETA 2006-08, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Cars Hommes, 2006. "Interacting Agents in Finance," Tinbergen Institute Discussion Papers 06-029/1, Tinbergen Institute.
• Item repec:hal:papers:halshs-00009841_v1 is not listed on IDEAS anymore

• Hamermesh, Daniel S. & Myers, Caitlin Knowles & Pocock, Mark L., 2006. "Cues for Coordination: Light, Longitude and Letterman," IZA Discussion Papers 2060, Institute of Labor Economics (IZA).
• Jan Willem van den End, 2006. "Indicator and boundaries of financial stability," DNB Working Papers 097, Netherlands Central Bank, Research Department.
• Koeniger, Winfried & Leonardi, Marco, 2006. "Capital Deepening and Wage Differentials: Germany vs. US," IZA Discussion Papers 2065, Institute of Labor Economics (IZA).
• Hetze, Pascal, 2006. "Skill shortages, labor reallocation, and growth," Thuenen-Series of Applied Economic Theory 59, University of Rostock, Institute of Economics.
• Clemens Sialm, 2006. "Investment Taxes and Equity Returns," NBER Working Papers 12146, National Bureau of Economic Research, Inc.
• Eugene N. White, 2006. "Bubbles and Busts: The 1990s in the Mirror of the 1920s," NBER Working Papers 12138, National Bureau of Economic Research, Inc.
• Gautier, Pieter A. & Wolthoff, Ronald P., 2006. "Simultaneous Search with Heterogeneous Firms and Ex Post Competition," IZA Discussion Papers 2056, Institute of Labor Economics (IZA).
• Item repec:dgr:uvatin:20060032 is not listed on IDEAS anymore

• Nabil Annabi & John Cockburn & Bernard Decaluwé, 2006. "Functional Forms and Parametrization of CGE Models," Working Papers MPIA 2006-04, PEP-MPIA.
• Roberto Patuelli & Aura Reggiani & Peter Nijkamp & Uwe Blien, 2006. "New Neural Network Methods for Forecasting Regional Employment: An Analysis of German Labour Markets," Tinbergen Institute Discussion Papers 06-020/3, Tinbergen Institute.
• Gustavo Crespi & Chiara Criscuolo & Jonathan Haskel, 2006. "Information Technology, Organisational Change and Productivity Growth: Evidence from UK Firms," Working Papers 558, Queen Mary University of London, School of Economics and Finance.