Report NEP-MAC-2006-10-14

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:

• Saki Bigio & Jorge Salas, 2006. "Non-Linear Effects of Monetary Policy and Real Exchange Rate Shocks in Partially Dollarized Economies: An Empirical Study for Peru," Working Papers 2006-008, Banco Central de Reserva del Perú.
• Tatiana Kirsanova & Simon Wren-Lewis, 2006. "Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities," CDMA Conference Paper Series 0609, Centre for Dynamic Macroeconomic Analysis.
• Oliver Hülsewig & Eric Mayer & Timo Wollmershäuser, 2006. "Bank Behavior and the Cost Channel of Monetary Transmission," CESifo Working Paper Series 1813, CESifo.
• Peter N. Smith & Mike Wickens, 2006. "The New Consensus in Monetary Policy: Is the NKM fit for the purpose of inflation targeting?," CDMA Conference Paper Series 0610, Centre for Dynamic Macroeconomic Analysis.
• Roland Meeks, 2006. "Credit Shocks and Cycles: a Bayesian Calibration Approach," Economics Papers 2006-W11, Economics Group, Nuffield College, University of Oxford.
• Michael D. Bordo & David C. Wheelock, 2006. "When do stock market booms occur? the macroeconomic and policy environments of 20th century booms," Working Papers 2006-051, Federal Reserve Bank of St. Louis.
• Szilárd Benk & Max Gillman & Michal Kejak, 2006. "Money Velocity in an Endogenous Growth Business Cycle with Credit Shocks," CDMA Conference Paper Series 0604, Centre for Dynamic Macroeconomic Analysis.
• José Alberto Fuinhas, 2006. "Monetary Transmission and Bank Lending in Portugal: A Sectoral Approach," Working Papers de Gestão, Economia e Marketing (Management, Economics and Marketing Working Papers) e01/2006, Universidade da Beira Interior, Departamento de Gestão e Economia (Portugal).
• Jan Marc Berk & Gerbert Hebbink, 2006. "The anchoring of European inflation expectations," DNB Working Papers 116, Netherlands Central Bank, Research Department.
• Jean-Pierre Allegret & Alain Sand-Zantman, 2006. "Disentangling business cycles and macroeconomic policy in Mercosur: a VAR and unobserved components model approaches," Documents de Travail de l'OFCE 2006-15, Observatoire Francais des Conjonctures Economiques (OFCE).
• Item repec:dgr:kubcen:200688 is not listed on IDEAS anymore

• Kirdan Lees, 2006. "What do robust policies look like for open economy inflation targeters?," Reserve Bank of New Zealand Discussion Paper Series DP2006/08, Reserve Bank of New Zealand.
• Roc Armenter & Martin Bodenstein, 2006. "Does the time inconsistency problem make flexible exchange rates look worse than you think?," International Finance Discussion Papers 865, Board of Governors of the Federal Reserve System (U.S.).
• Enrique G. Mendoza, 2006. "Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q," NBER Working Papers 12564, National Bureau of Economic Research, Inc.
• van den Hauwe, Ludwig, 2006. "Review of Huerta de Soto´s `Money, Bank Credit, and Economic Cycles´," MPRA Paper 49, University Library of Munich, Germany.
• Francis E. Warnock & Veronica Cacdac Warnock, 2006. "International Capital Flows and U.S. Interest Rates," NBER Working Papers 12560, National Bureau of Economic Research, Inc.
• Nir Jaimovich & Sergio Rebelo, 2006. "Can News About the Future Drive the Business Cycle?," NBER Working Papers 12537, National Bureau of Economic Research, Inc.
• Richard G. Anderson, 2006. "Monetary base," Working Papers 2006-049, Federal Reserve Bank of St. Louis.
• Edward Nelson, 2007. "The great inflation and early disinflation in Japan and Germany," Working Papers 2006-052, Federal Reserve Bank of St. Louis.
• van den Hauwe, Ludwig, 2006. "The Uneasy Case for Fractional-Reserve Free Banking," MPRA Paper 120, University Library of Munich, Germany.
• Thomas A. Lubik & Paolo Surico, 2006. "The Lucas critique and the stability of empirical models," Working Paper 06-05, Federal Reserve Bank of Richmond.
• Nir Jaimovich & Sergio Rebelo, 2006. "Behavioral Theories of the Business Cycle," NBER Working Papers 12570, National Bureau of Economic Research, Inc.
• Monastiriotis, Vassilis, 2006. "Macro-determinants of UK regional unemployment and the role of employment flexibility," MPRA Paper 44, University Library of Munich, Germany.
• Troy Davig & Eric M. Leeper, 2006. "Endogenous monetary policy regime change," Research Working Paper RWP 06-11, Federal Reserve Bank of Kansas City.
• David Cobham, 2006. "Using Taylor Rules to Assess the Relative Activism of the European Central Bank, the Bank of England and the Federal Reserve Board," CDMA Conference Paper Series 0602, Centre for Dynamic Macroeconomic Analysis.
• Stephen G. Cecchetti, 2006. "Measuring the Macroeconomic Risks Posed by Asset Price Booms," NBER Working Papers 12542, National Bureau of Economic Research, Inc.
• Markus Leibrecht & Martin Schneider, 2006. "AQM-06: The Macro economic Model of the OeNB," Working Papers 132, Oesterreichische Nationalbank (Austrian Central Bank).
• Roger E. A. Farmer & Daniel F. Waggoner & Tao Zha, 2006. "Indeterminacy in a Forward Looking Regime Switching Model," NBER Working Papers 12540, National Bureau of Economic Research, Inc.
• Cambell Leith & Simon Wren-Lewis, 2006. "The Optimal Monetary Policy Response to Exchange Rate Misalignments," CDMA Conference Paper Series 0605, Centre for Dynamic Macroeconomic Analysis.
• Akhmed Akhmedov, 2006. "Human Capital and Political Business Cycles," Working Papers w0087, Center for Economic and Financial Research (CEFIR).
• William T. Gavin & Kevin L. Kliesen, 2006. "Forecasting inflation and output: comparing data-rich models with simple rules," Working Papers 2006-054, Federal Reserve Bank of St. Louis.
• Item repec:wvu:wpaper:06-02 is not listed on IDEAS anymore

• Howard J. Wall, 2006. "Regional business cycle phases in Japan," Working Papers 2006-053, Federal Reserve Bank of St. Louis.
• Basher, Syed A. & Westerlund, Joakim, 2006. "Is there Really a Unit Root in the Inflation Rate? More Evidence from Panel Data Models," MPRA Paper 136, University Library of Munich, Germany.
• Stephen F. Quinn & William Roberds, 2006. "An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange, and the emergence of the first central bank," FRB Atlanta Working Paper 2006-13, Federal Reserve Bank of Atlanta.
• Jorge Braga de Macedo & Joaquim Oliveira Martins, 2006. "Growth, Reform Indicators and Policy Complementaries," NBER Working Papers 12544, National Bureau of Economic Research, Inc.
• Item repec:cfs:cfswop:wp2000622 is not listed on IDEAS anymore

• Item repec:dgr:nijrep:2006-10 is not listed on IDEAS anymore

• Sylvia Kaufmann & Peter Kugler, 2006. "Expected Money Growth, Markov Trends and the Instability of Money Demand in the Euro Area," Working Papers 131, Oesterreichische Nationalbank (Austrian Central Bank).
• Linnea Polgreen & Pedro Silos, 2006. "Crude substitution: the cyclical dynamics of oil prices and the college premium," FRB Atlanta Working Paper 2006-14, Federal Reserve Bank of Atlanta.
• Anos Casero, Paloma & Seshan, Ganesh, 2006. "Fiscal and social impact of a nominal exchange rate devaluation in Djibouti," Policy Research Working Paper Series 4028, The World Bank.
• Laura Veldkamp & Justin Wolfers, 2006. "Aggregate shocks or aggregate information? costly information and business cycle comovement," Working Paper Series 2006-26, Federal Reserve Bank of San Francisco.
• Item repec:pit:wpaper:254 is not listed on IDEAS anymore

• Jim Malley & Hassan Molana, 2006. "The Relationship between Output and Unemployment with Efficiency Wages," CDMA Conference Paper Series 0607, Centre for Dynamic Macroeconomic Analysis.
• Lucia Alessi & Matteo Barigozzi & Marco Capasso, 2006. "A Dynamic Factor Analysis of Business Cycle on Firm-Level Data," LEM Papers Series 2006/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Andy Snell & Jonathan Thomas, 2006. "Labor Contracts, Equal Treatment and Wage-Unemployment Dynamics," CDMA Conference Paper Series 0603, Centre for Dynamic Macroeconomic Analysis.
• Peter Sinclair, 2006. "A Simple Guide to the Basic Macroeconomics of Oil," CDMA Conference Paper Series 0608, Centre for Dynamic Macroeconomic Analysis.
• Oecd, 2006. "Social Safety Nets and Structural Adjustment," OECD Economics Department Working Papers 517, OECD Publishing.
• Serajul Hoque, 2006. "The Economic Impacts of Improved Foreign Investor Confidence in Bangladesh: A CGE Analysis," Centre of Policy Studies/IMPACT Centre Working Papers g-159, Victoria University, Centre of Policy Studies/IMPACT Centre.
• W. Michael Cox & Jahyeong Koo, 2006. "An economic interpretation of suicide cycles in Japan," Working Papers 0603, Federal Reserve Bank of Dallas.
• Shigeru Fujita & Garey Ramey, 2006. "The cyclicality of job loss and hiring," Working Papers 06-17, Federal Reserve Bank of Philadelphia.
• David N. DeJong & Hariharan Dharmarajan & Roman Liesenfeld & Jean-Francois Richard, 2005. "On the Structural Stability of U.S. GDP," Working Paper 214, Department of Economics, University of Pittsburgh, revised Jan 2005.
• Richard B. Freeman, 2006. "Is A Great Labor Shortage Coming? Replacement Demand in the Global Economy," NBER Working Papers 12541, National Bureau of Economic Research, Inc.
• Jianhuai Shi, 2006. "Are Currency Appreciations Contractionary in China?," NBER Working Papers 12551, National Bureau of Economic Research, Inc.
• Jörg Lingens & Klaus Wälde, 2006. "Pareto-Improving Unemployment Policies," CESifo Working Paper Series 1807, CESifo.
• Item repec:pra:mprapa:153 is not listed on IDEAS anymore

• Marco Cagetti & Mariacristina De Nardi, 2006. "Wealth Inequality: Data and Models," NBER Working Papers 12550, National Bureau of Economic Research, Inc.
• Beck, Thorsten & Hesse, Heiko, 2006. "Bank efficiency, ownership, and market structure : why are interest spreads so high in Uganda ?," Policy Research Working Paper Series 4027, The World Bank.
• Patrick J. Kehoe, 2006. "How to advance theory with structural VARs: use the Sims-Cogley-Nason approach," Staff Report 379, Federal Reserve Bank of Minneapolis.
• Mariacristina De Nardi & Eric French & John Bailey Jones, 2006. "Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles," NBER Working Papers 12554, National Bureau of Economic Research, Inc.
• Yongsung Chang & Andreas Hornstein & Pierre-Daniel G. Sarte, 2006. "Understanding how employment responds to productivity shocks in a model with inventories," Working Paper 06-06, Federal Reserve Bank of Richmond.
• Clive Bowsher & Roland Meeks, 2006. "High Dimensional Yield Curves: Models and Forecasting," Economics Papers 2006-W12, Economics Group, Nuffield College, University of Oxford.
• Chetan Ghate, 2006. "Transitional Dynamics in a Growth Model with Distributive Politics," Papers on Entrepreneurship, Growth and Public Policy 2006-22, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
• Feng, Dai, 2006. "Developower: The Potential Motivity in Economic Process," MPRA Paper 115, University Library of Munich, Germany, revised 05 Oct 2006.
• David Joulfaian, 2006. "Inheritance and Saving," NBER Working Papers 12569, National Bureau of Economic Research, Inc.
• Fabio C. Bagliano & Claudio Morana, 2006. "A New Approach to Factor Vector Autoregressive Estimation with an Application to Large-Scale Macroeconometric Modelling," Carlo Alberto Notebooks 28, Collegio Carlo Alberto.
• James Feigenbaum, 2005. "Heterogeneity vs Uncertainty in Anticipation of a Borrowing Constraint," Working Paper 230, Department of Economics, University of Pittsburgh, revised Jan 2005.
• Antonis Adam & Thomas Moutos, 2006. "A Politico-Economic Analysis of Minimum Wages and Wage Subsidies," CESifo Working Paper Series 1810, CESifo.
• Item repec:pit:wpaper:228 is not listed on IDEAS anymore

• Item repec:pit:wpaper:231 is not listed on IDEAS anymore

• James Feyrer & Bruce Sacerdote, 2006. "Colonialism and Modern Income -- Islands as Natural Experiments," NBER Working Papers 12546, National Bureau of Economic Research, Inc.
• James Feigenbaum, 2006. "Precautionary Saving Unfettered," Working Paper 227, Department of Economics, University of Pittsburgh, revised Jan 2006.
• Parantap Basu, 2006. "Understanding Labour Market Frictions: A Tobin’s Q Approach," CDMA Conference Paper Series 0601, Centre for Dynamic Macroeconomic Analysis.
• Zoltan Acs & Pamela Mueller, 2006. "Employment effects of business dynamics: Mice, Gazelles and Elephants," Papers on Entrepreneurship, Growth and Public Policy 2006-23, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
• Felicity Pang & G.A. Meagher & G.C. Lim, 2006. "An Aggregate Social Accounting Matrix for the Australian Economy: Data Sources and Methods," Centre of Policy Studies/IMPACT Centre Working Papers g-158, Victoria University, Centre of Policy Studies/IMPACT Centre.
• Stijn Van Nieuwerburgh & Pierre-Olivier Weill, 2006. "Why Has House Price Dispersion Gone Up?," NBER Working Papers 12538, National Bureau of Economic Research, Inc.
• Bowen, H.P. & Munandar, H. & Viaene, J.M., 2006. "The distribution of output in integrated economies: theory and evidence," Vlerick Leuven Gent Management School Working Paper Series 2006-32, Vlerick Leuven Gent Management School.
• Morten L. Bech & Bart Hobijn, 2006. "Technology diffusion within central banking: the case of real-time gross settlement," Staff Reports 260, Federal Reserve Bank of New York.
• Item repec:dgr:kubcen:200682 is not listed on IDEAS anymore

• Paul Söderlind, 2006. "C-CAPM without Ex Post Data," University of St. Gallen Department of Economics working paper series 2006 2006-22, Department of Economics, University of St. Gallen.