Report NEP-MAC-2006-10-28

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:

• Adam, Klaus & Billi, Roberto, 2006. "Monetary Conservatism and Fiscal Policy," CEPR Discussion Papers 5740, C.E.P.R. Discussion Papers.
• Tenreyro, Silvana & Olivei, Giovanni, 2006. "The Timing of Monetary Policy Shocks," CEPR Discussion Papers 5716, C.E.P.R. Discussion Papers.
• Orphanides, Athanasios & Williams, John C, 2006. "Inflation Targeting under Imperfect Knowledge," CEPR Discussion Papers 5664, C.E.P.R. Discussion Papers.
• Buiter, Willem, 2006. "How Robust is the New Conventional Wisdom? The Surprising Fragility of the Theoretical Foundations of Inflation Targeting and C," CEPR Discussion Papers 5772, C.E.P.R. Discussion Papers.
• Muellbauer, John & Aron, Janine, 2006. "Review of Monetary Policy in South Africa: 1994-2004," CEPR Discussion Papers 5831, C.E.P.R. Discussion Papers.
• Gerlach, Stefan & Assenmacher, Katrin, 2006. "Understanding the Link between Money Growth and Inflation in the Euro Area," CEPR Discussion Papers 5683, C.E.P.R. Discussion Papers.
• Levin, Andrew & Gürkaynak, Refet & Swanson, Eric T., 2006. "Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the US, UK and Sweden," CEPR Discussion Papers 5808, C.E.P.R. Discussion Papers.
• Gerlach, Stefan & Assenmacher, Katrin, 2006. "Money Growth, Output Gaps and Inflation at Low and High Frequency: Spectral Estimates for Switzerland," CEPR Discussion Papers 5723, C.E.P.R. Discussion Papers.
• Cees Ullersma & Gerben Hieminga, 2006. "Note on zero lower bound worries," DNB Working Papers 117, Netherlands Central Bank, Research Department.
• Ian Babetskii, 2006. "Aggregate Wage Flexibility in Selected New EU Member States," Working Papers 2006/1, Czech National Bank.
• Ellingsen, Tore & Hassler, John & Friberg, Richard, 2006. "Menu Costs and Asymmetric Price Adjustment," CEPR Discussion Papers 5749, C.E.P.R. Discussion Papers.
• Artis, Michael & Onorante, Luca, 2006. "The Economic Importance of Fiscal Rules," CEPR Discussion Papers 5684, C.E.P.R. Discussion Papers.
• McKay, Alisdair, 2006. "The Brevity and Violence of Contractions and Expansions," CEPR Discussion Papers 5756, C.E.P.R. Discussion Papers.
• Huizinga, Harry & Zhu, Dantao, 2006. "Financial Structure and Macroeconomic Volatility: Theory and Evidence," CEPR Discussion Papers 5697, C.E.P.R. Discussion Papers.
• Alexei Deviatov, 2006. "Money Creation in a Random Matching Model," Working Papers w0081, Center for Economic and Financial Research (CEFIR).
• Kilian, Lutz & Inoue, Atsushi & ,, 2006. "Do Actions Speak Louder than Words? Household Expectations of Inflation Based on Micro Consumption Data," CEPR Discussion Papers 5790, C.E.P.R. Discussion Papers.
• Rafael Domenech & Javier Andres & Antonio Fatas, 2006. "The Stabilizing Role of Government Size," Working Papers 0603, International Economics Institute, University of Valencia, revised Jan 2007.
• Correia, Isabel & Teles, Pedro & Adão, Bernardino, 2006. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," CEPR Discussion Papers 5797, C.E.P.R. Discussion Papers.
• Bayoumi, Tamim & Sgherri, Silvia, 2006. "Mr Ricardo's Great Adventure: Estimating Fiscal Multipliers in a Truly Intertemporal Model," CEPR Discussion Papers 5839, C.E.P.R. Discussion Papers.
• Kirill Sosunov & Oleg Zamulin, 2006. "The Inflationary Consequences of Real Exchange Rate Targeting via Accumulation of Reserves," Working Papers w0082, Center for Economic and Financial Research (CEFIR).
• Quadrini, Vincenzo & Jermann, Urban, 2006. "Financial Innovations and Macroeconomic Volatility," CEPR Discussion Papers 5727, C.E.P.R. Discussion Papers.
• Item repec:hhs:bofrdp:2004_019 is not listed on IDEAS anymore

• Snower, Dennis & Merkl, Christian, 2006. "Monetary Persistence, Imperfect Competition and Staggering Complementarities," CEPR Discussion Papers 5658, C.E.P.R. Discussion Papers.
• Tatsuma Wada & Pierre Perron, 2005. "An Alternative Trend-Cycle Decomposition using a State Space Model with Mixtures of Normals: Specifications and Applications to International Data," Boston University - Department of Economics - Working Papers Series WP2005-44, Boston University - Department of Economics.
• Christos Ioannidis & Alexandros Kontonikas, 2006. "Monetary Policy and the Stock Market: Some International evidence," Working Papers 2006_12, Business School - Economics, University of Glasgow.
• Veldkamp, Laura & Wolfers, Justin, 2006. "Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement," IZA Discussion Papers 2339, Institute of Labor Economics (IZA).
• Rose, Andrew, 2006. "A Stable International Monetary System Emerges: Bretton Woods, Reversed," CEPR Discussion Papers 5854, C.E.P.R. Discussion Papers.
• Zweimüller, Josef & Foellmi, Reto, 2006. "Mass Consumption, Exclusion and Unemployment," CEPR Discussion Papers 5824, C.E.P.R. Discussion Papers.
• Item repec:col:001043:002676 is not listed on IDEAS anymore

• Falk, Armin & Dohmen, Thomas J & Sunde, Uwe & Huffman, David, 2006. "Seemingly Irrelevant Events Affect Perceptions and Expectations - The FIFA World Cup 2006 as a Natural Experiment," CEPR Discussion Papers 5851, C.E.P.R. Discussion Papers.
• Andy Snell & Jonathan Thomas, 2006. "Labour Contracts, Equal Treatment and Wage-Unemployment Dynamics," Edinburgh School of Economics Discussion Paper Series 144, Edinburgh School of Economics, University of Edinburgh.
• Uhlig, Harald & Trabandt, Mathias, 2006. "How Far Are We From the Slippery Slope? The Laffer Curve Revisited," CEPR Discussion Papers 5657, C.E.P.R. Discussion Papers.
• Reichlin, Lucrezia & Giannone, Domenico, 2006. "Does Information Help Recovering Structural Shocks from Past Observations?," CEPR Discussion Papers 5725, C.E.P.R. Discussion Papers.
• Wyplosz, Charles & Gosselin-Lotz, Aileen & Gosselin, Pierre, 2006. "How Much Information Should Interest Rate-Setting Central Banks Reveal?," CEPR Discussion Papers 5666, C.E.P.R. Discussion Papers.
• Artis, Michael, 2006. "What Do We Now Know About Currency Unions?," CEPR Discussion Papers 5677, C.E.P.R. Discussion Papers.
• Rotemberg, Julio J., 2006. "Cyclical Wages in a Search-and-Bargaining Model with Large Firms," CEPR Discussion Papers 5791, C.E.P.R. Discussion Papers.
• Favero, Carlo A. & Giglio, Stefano, 2006. "Fiscal Policy and the Term Structure: Evidence from the Case of Italy in the EMS and the EMU Periods," CEPR Discussion Papers 5793, C.E.P.R. Discussion Papers.
• Paz Rico Belda, 2006. "El Tipo De Cambio Real Dólar-Euro Y El Diferencial De Intereses Reales," Working Papers. Serie EC 2006-13, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
• Lockwood, Ben & Hindriks, Jean & Gonzalez, Paula & Porteiro, Nicolas, 2006. "Political Budget Cycles and Fiscal Decentralization," CEPR Discussion Papers 5646, C.E.P.R. Discussion Papers.
• Snower, Dennis & Merkl, Christian, 2006. "The Caring Hand that Cripples: The East German Labour Market after Reunification," CEPR Discussion Papers 5656, C.E.P.R. Discussion Papers.
• Sapir, André & Buti, Marco, 2006. "Fiscal Policy in Europe: The Past and Future of EMU Rules from the Perspective of Musgrave and Buchanan," CEPR Discussion Papers 5830, C.E.P.R. Discussion Papers.
• Ai Deng & Pierre Perron, 2005. "The Limit Distribution of the CUSUM of Square Test Under Genreal MIxing Conditions," Boston University - Department of Economics - Working Papers Series WP2005-046, Boston University - Department of Economics.
• Faini, Riccardo, 2006. "Foreign Aid and Fiscal Policy," CEPR Discussion Papers 5721, C.E.P.R. Discussion Papers.
• Artis, Michael & Hoffmann, Mathias, 2006. "The Home Bias and Capital Income Flows between Countries and Regions," CEPR Discussion Papers 5691, C.E.P.R. Discussion Papers.
• Krueger, Dirk & Ludwig, Alexander, 2006. "On the Consequences of Demographic Change for Rates of Return to Capital, and the Distribution of Wealth and Welfare," CEPR Discussion Papers 5834, C.E.P.R. Discussion Papers.
• François Gourio, 2006. "Firms’ Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Expected Returns," Boston University - Department of Economics - Working Papers Series WP2006-005, Boston University - Department of Economics.
• François Gourio & Pierre-Alexandre Noual, 2006. "The Marginal Worker and The Aggregate Elasticity of Labor Supply," Boston University - Department of Economics - Working Papers Series WP2006-009, Boston University - Department of Economics.
• Díaz-Giménez, Javier & Pijoan-Mas, Josep, 2006. "Flat Tax Reforms in the US: A Boon for the Income Poor," CEPR Discussion Papers 5812, C.E.P.R. Discussion Papers.
• Bindseil, Ulrich & Nyborg, Kjell G. & Strebulaev, Ilya A., 2005. "Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations," Discussion Papers 2005/13, Norwegian School of Economics, Department of Business and Management Science.
• Ravn, Morten, 2006. "The Consumption-Tightness Puzzle," CEPR Discussion Papers 5670, C.E.P.R. Discussion Papers.
• Item repec:col:001049:002679 is not listed on IDEAS anymore

• Kamil Dybczak, 2006. "Generational Accounts in the Czech Republic," Working Papers 2006/2, Czech National Bank.
• Turrini, Alessandro & Buti, Marco & ,, 2006. "From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules," CEPR Discussion Papers 5809, C.E.P.R. Discussion Papers.
• Holly, Sean & Pesaran, M. Hashem & Yamagata, Takashi, 2006. "A Spatio-Temporal Model of House Prices in the US," IZA Discussion Papers 2338, Institute of Labor Economics (IZA).
• Engel, Charles & Devereux, Michael B, 2006. "Expectations and Exchange Rate Policy," CEPR Discussion Papers 5743, C.E.P.R. Discussion Papers.
• George W. Evans & Bruce McGough, 2006. "Stable Finite-State Markov Sunspots," University of Oregon Economics Department Working Papers 2006-13, University of Oregon Economics Department.
• Doriana Ruffino & Jonathan Treussard, 2006. "A Study of Inaction in Investment Games via the Early Exercise Premium Representation," Boston University - Department of Economics - Working Papers Series WP2006-040, Boston University - Department of Economics.
• Bayoumi, Tamim & Sutton, Bennett & Swiston, Andrew J., 2006. "Shocking Aspects of Canadian Labour Markets," CEPR Discussion Papers 5847, C.E.P.R. Discussion Papers.
• Alfredo M. Pereira & Jorge M. Andraz, 2006. "Public Investment in Transportation Infrastructures and Industry Performance in Portugal," Working Papers 45, Department of Economics, College of William and Mary, revised 30 Apr 2007.
• Oecd, 2006. "Should Measures of Fiscal Stance be Adjusted for Terms of Trade Effects?," OECD Economics Department Working Papers 519, OECD Publishing.
• Ramon Gomez-Salvador & Alberto Musso & Marc Stocker & Jarkko Turunen, 2006. "Labour productivity developments in the euro area," Occasional Paper Series 53, European Central Bank.
• Benati, Luca, 2006. "Drift and Breaks in Labour Productivity," CEPR Discussion Papers 5801, C.E.P.R. Discussion Papers.
• Vladimir Popov, 2006. "Shock Therapy Versus Gradualism Reconsidered: Lessons From Transition Economies After 15 Years Of Reforms," Working Papers w0068, Center for Economic and Financial Research (CEFIR).
• van Hemert, Otto, 2006. "Life-Cycle Housing and Portfolio Choice with Bond Markets," SIFR Research Report Series 44, Institute for Financial Research.
• Campos, Nauro & Horváth, Roman, 2006. "Reform Redux: Measurement, Determinants and Reversals," CEPR Discussion Papers 5673, C.E.P.R. Discussion Papers.
• Campos, Nauro & Hsiao, Cheng & Nugent, Jeffrey B, 2006. "Crises, What Crises?," CEPR Discussion Papers 5805, C.E.P.R. Discussion Papers.
• Hart, Robert A., 2006. "Real Wage Cyclicality of Female Stayers and Movers in Part-Time and Full-Time Jobs," IZA Discussion Papers 2364, Institute of Labor Economics (IZA).
• Alexandre B. Cunha, 2006. "Implications of the Modigliani-Miller Theorem for the Study of Exchange Rate Regimes," IBMEC RJ Economics Discussion Papers 2006-03, Economics Research Group, IBMEC Business School - Rio de Janeiro.
• Jungmittag, Andre & Welfens, Paul J. J., 2006. "Telecommunications Dynamics, Output and Employment," IZA Discussion Papers 2379, Institute of Labor Economics (IZA).
• Pierre-Guillaume Méon & Laurent Weill, 2006. "Does financial intermediation matter for macroeconomic efficiency?," DULBEA Working Papers 06-13.RS, ULB -- Universite Libre de Bruxelles.
• Modesto, Leonor & Lloyd-Braga, Teresa & Seegmuller, Thomas, 2006. "Tax Rate Variability and Public Spending as Sources of Inderterminacy," CEPR Discussion Papers 5796, C.E.P.R. Discussion Papers.
• Watanabe Watanabe, Makoto, 2006. "Inflation, price competition and consumer search technology," UC3M Working papers. Economics we065623, Universidad Carlos III de Madrid. Departamento de Economía.
• Tavares, José & Cavalcanti, Tiago, 2006. "Women Prefer Larger Governments: Growth, Structural Transformation and Government Size," CEPR Discussion Papers 5667, C.E.P.R. Discussion Papers.
• Gersbach, Hans & Bell, Clive, 2006. "The Macroeconomics of Targeting: The Case of an Enduring Epidemic," CEPR Discussion Papers 5714, C.E.P.R. Discussion Papers.
• Razin, Assaf & Hale, Galina & Tong, Hui, 2006. "Institutional Weakness and Stock Price Volatility," CEPR Discussion Papers 5651, C.E.P.R. Discussion Papers.