Report NEP-MAC-2006-11-25

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:

• M.S.Rafiq, 2006. "Great Ratios, Balanced Growth and Stochastic Trends: Evidence for the Euro Area," Discussion Paper Series 2006_20, Department of Economics, Loughborough University.
• Giuseppe Fontana, 2006. "The "New Consensus" View of Monetary Policy: A New Wicksellian Connection?," Economics Working Paper Archive wp_476, Levy Economics Institute.
• Florin Bilbiie & Roland Straub, 2006. "Asset Market Participation, Monetary Policy Rules, and the Great Inflation," IMF Working Papers 06/200, International Monetary Fund.
• Era Dabla-Norris & Holger Floerkemeier, 2006. "Transmission Mechanisms of Monetary Policy in Armenia; Evidence from VAR Analysis," IMF Working Papers 06/248, International Monetary Fund.
• John C. Williams, 2006. "Monetary policy in a low inflation economy with learning," Working Paper Series 2006-30, Federal Reserve Bank of San Francisco.
• Horvath, Roman, 2006. "Real-Time Time-Varying Equilibrium Interest Rates: Evidence on the Czech Republic," MPRA Paper 845, University Library of Munich, Germany.
• Peter Funk & Bettina Kromen, 2006. "Short-term price rigidity in an endogenous growth model: Non-Superneutrality and a non-vertical long-term Phillips-curve," Working Paper Series in Economics 29, University of Cologne, Department of Economics.
• Ludvig Söderling & Domenico Fanizza, 2006. "Fiscal Determinants of Inflation; A Primer for the Middle East and North Africa," IMF Working Papers 06/216, International Monetary Fund.
• Jean-Philippe Cayen & Amy Corbett & Patrick Perrier, 2006. "An Optimized Monetary Policy Rule for ToTEM," Staff Working Papers 06-41, Bank of Canada.
• Francis Y Kumah, 2006. "The Role of Seasonality and Monetary Policy in Inflation Forecasting," IMF Working Papers 06/175, International Monetary Fund.
• Rodolfo Maino & Balázs Horváth, 2006. "Monetary Transmission Mechanisms in Belarus," IMF Working Papers 06/246, International Monetary Fund.
• Glenn D. Rudebusch & John C. Williams, 2006. "Revealing the secrets of the temple: the value of publishing central bank interest rate projections," Working Paper Series 2006-31, Federal Reserve Bank of San Francisco.
• Martin, Chris & Milas, Costas, 2006. "Testing the Opportunistic Approach to Monetary Policy," MPRA Paper 849, University Library of Munich, Germany.
• Vitek, Francis, 2006. "Monetary Policy Analysis in a Closed Economy: A Dynamic Stochastic General Equilibrium Approach," MPRA Paper 797, University Library of Munich, Germany.
• Vitek, Francis, 2006. "Measuring the Stance of Monetary Policy in a Closed Economy: A Dynamic Stochastic General Equilibrium Approach," MPRA Paper 801, University Library of Munich, Germany.
• Emil Stavrev, 2006. "Measures of Underlying Inflation in the Euro Area; Assessment and Role for Informing Monetary Policy," IMF Working Papers 06/197, International Monetary Fund.
• Garima Vasishtha & Taimur Baig & Manmohan S. Kumar & Edda Zoli, 2006. "Fiscal and Monetary Nexus in Emerging Market Economies; How Does Debt Matter?," IMF Working Papers 06/184, International Monetary Fund.
• Rudiger Ahrend & Pietro Catte & Robert Price, 2006. "Interactions Between Monetary and Fiscal Policy: How Monetary Conditions Affect Fiscal Consolidation," OECD Economics Department Working Papers 521, OECD Publishing.
• Michel Normandin, 2006. "The Effects of Monetary-Policy Shocks on Real Wages: A Multi-Country Investigation The Effects of Monetary-Policy Shocks on Real Wages: A Multi-Country Investigationv," Cahiers de recherche 06-04, HEC Montréal, Institut d'économie appliquée.
• Fidrmuc, Jarko, 2006. "Money Demand and Disinflation in Selected CEECs during the Accession to the EU," Discussion Papers in Economics 1232, University of Munich, Department of Economics.
• António Afonso & Peter Claeys, 2006. "The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal, and Spain," Working Papers Department of Economics 2006/26, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
• Vitek, Francis, 2006. "Monetary Policy Analysis in a Small Open Economy: A Dynamic Stochastic General Equilibrium Approach," MPRA Paper 800, University Library of Munich, Germany.
• Stéphane Mussard & Bernard Philippe, 2006. "Okun’s Law, Creation of Money and the Decomposition of the Rate of Unemployment," Cahiers de recherche 06-20, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
• Christopher Martin & Costas Milas, 2005. "The Response of Monetary Policy to Uncertainty: Theory and Empirical Evidence for the US," Keele Economics Research Papers KERP 2006/15, Centre for Economic Research, Keele University, revised Aug 2006.
• Vitek, Francis, 2006. "Measuring the Stance of Monetary Policy in a Small Open Economy: A Dynamic Stochastic General Equilibrium Approach," MPRA Paper 802, University Library of Munich, Germany.
• Reschreiter, Andreas, 2006. "Indexed Bonds and Revisions of Inflation Expectations," Economics Series 199, Institute for Advanced Studies.
• Roberts, John M, 2006. "Monetary Policy and Inflation Dynamics," MPRA Paper 812, University Library of Munich, Germany.
• Gauti B. Eggertsson, 2006. "Was the New Deal contractionary?," Staff Reports 264, Federal Reserve Bank of New York.
• Laurence M. Ball, 2006. "Has Globalization Changed Inflation?," NBER Working Papers 12687, National Bureau of Economic Research, Inc.
• Camille Cornand & Romain Baeriswyl, 2006. "Monetary Policy and its Informative Value," FMG Discussion Papers dp569, Financial Markets Group.
• Michel Normandin & Bruno Powo Fosso, 2005. "Global versus Country-Specific Shocks and International Business Cycles," Cahiers de recherche 05-07, HEC Montréal, Institut d'économie appliquée.
• Baba, Naohiko & Nakashima, Motoharu & Shigemi, Yosuke & Ueda, Kazuo, 2005. "The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market," MPRA Paper 816, University Library of Munich, Germany.
• Rzigui, Lotfi, 2005. "Source of Output dynamics in USA vs. Great Britain: supply, demand or nominal shocks," MPRA Paper 631, University Library of Munich, Germany, revised 20 Oct 2006.
• T. Dhont & F. Heylen, 2006. "Employment and growth in Europe and the US - The role of fiscal policy composition," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/420, Ghent University, Faculty of Economics and Business Administration.
• Christian Merkl & Stéphanie Stolz, 2006. "Banks’ Regulatory Buffers, Liquidity Networks and Monetary Policy Transmission," Kiel Working Papers 1303, Kiel Institute for the World Economy.
• Milani, Fabio, 2006. "A Bayesian DSGE Model with Infinite-Horizon Learning: Do "Mechanical" Sources of Persistence Become Superfluous?," MPRA Paper 809, University Library of Munich, Germany.
• Item repec:pra:mprapa:903 is not listed on IDEAS anymore

• Laura Valderrama & Wendell A. Samuel, 2006. "The Monetary Policy Regime and Banking Spreads in Barbados," IMF Working Papers 06/211, International Monetary Fund.
• Lawrence J. Christiano & Joshua M. Davis, 2006. "Two flaws in business cycle dating," Working Papers (Old Series) 0612, Federal Reserve Bank of Cleveland.
• William A. Branch & John B. Carlson & George W. Evans & Bruce McGough, 2006. "Adaptive learning, endogenous inattention, and changes in monetary policy," Working Papers (Old Series) 0610, Federal Reserve Bank of Cleveland.
• Douglas Laxton & Papa N'Diaye & Paolo Pesenti, 2006. "Deflationary Shocks and Monetary Rules: an Open-Economy Scenario Analysis," NBER Working Papers 12703, National Bureau of Economic Research, Inc.
• Alfonso Palacio-Vera, 2006. "On Lower-bound Traps: A Framework for the Analysis of Monetary Policy in the ÒAgeÓ of Central Banks," Economics Working Paper Archive wp_478, Levy Economics Institute.
• Adalid, Ramon & Coenen, Gunter & McAdam, Peter & Siviero, Stefano, 2005. "The Performance and Robustness of Interest-Rate Rules in Models of the Euro Area," MPRA Paper 821, University Library of Munich, Germany.
• Evans, Martin D, 2005. "Where Are We Now? Real-Time Estimates of the Macroeconomy," MPRA Paper 831, University Library of Munich, Germany.
• Hiroshi Fujiki & Howard J. Wall, 2006. "Controlling for geographic dispersion when estimating the Japanese Phillips curve," Working Papers 2006-057, Federal Reserve Bank of St. Louis.
• Ram Sharan Kharel & Christopher Martin & Costas Milas, 2006. "The Complex Response of Monetary Policy to the Exchange Rate," Keele Economics Research Papers KERP 2006/17, Centre for Economic Research, Keele University.
• Monique Florenzano & Stella Kanellopoulou & Yannis Vailakis, 2006. "Equilibrium of incomplete markets with money and intermediate banking system," Cahiers de la Maison des Sciences Economiques b06068, Université Panthéon-Sorbonne (Paris 1).
• Lawrence J. Christiano & Joshua M. Davis, 2006. "Two flaws in business cycle accounting," Working Paper Series WP-06-10, Federal Reserve Bank of Chicago.
• Paul van den Noord & Boris Cournède, 2006. "Short-Term Pain for Long-Term Gain: The Impact of Structural Reform on Fiscal of Outcomes in EMU," OECD Economics Department Working Papers 522, OECD Publishing.
• Andrew K. Rose, 2006. "A Stable International Monetary System Emerges: Inflation Targeting is Bretton Woods, Reversed," NBER Working Papers 12711, National Bureau of Economic Research, Inc.
• Natan P. Epstein & Selim Elekdag & Marialuz Moreno Badia, 2006. "Fiscal Consolidation in Israel; A Global Fiscal Model Perspective," IMF Working Papers 06/253, International Monetary Fund.
• Fuhrer, Jeffrey, 2006. "Intrinsic and Inherited Inflation Persistence," MPRA Paper 805, University Library of Munich, Germany.
• Preston, Bruce, 2005. "Learning about Monetary Policy Rules when Long-Horizon Expectations Matter," MPRA Paper 830, University Library of Munich, Germany.
• Rzigui, Lotfi, 2005. "External shocks and economic fluctuations: evidence from Tunisia," MPRA Paper 630, University Library of Munich, Germany, revised Dec 2005.
• Carpenter, Seth & Demiralp, Selva, 2006. "Anticipation of Monetary Policy and Open Market Operations," MPRA Paper 704, University Library of Munich, Germany.
• Gurkaynak, Refet S & Sack, Brian & Swanson, Eric T, 2005. "Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements," MPRA Paper 820, University Library of Munich, Germany.
• Jess Benhabib & Mark M. Spiegel, 2006. "Moderate inflation and the deflation-depression link," Working Paper Series 2006-32, Federal Reserve Bank of San Francisco.
• Matteo Pelagatti, 2003. "Duration Dependent Markov-Switching Vector Autoregression: Properties, Bayesian Inference, Software and Application," Working Papers 20051101, Università degli Studi di Milano-Bicocca, Dipartimento di Statistica, revised Nov 2005.
• Michel Normandin, 2006. "Fiscal Policies, External Deficits, and Budget Deficits," Cahiers de recherche 06-05, HEC Montréal, Institut d'économie appliquée.
• Karanassou, Marika & Sala, Hector & Salvador, Pablo F., 2006. "The (Ir)relevance of the NRU for Policy Making: The Case of Denmark," IZA Discussion Papers 2397, Institute of Labor Economics (IZA).
• Elisabet Ruiz Dotras & Hortensia Fontanals Albiol & Catalina Bolance Losilla, 2006. "Term Structure of Interest Rates. European Financial Integration," Working Papers in Economics 163, Universitat de Barcelona. Espai de Recerca en Economia.
• Ruthira Naraidoo & Patrick Minford & Ioannis A. Venetis, 2006. "The political economy of unemployment and threshold effects. A nonlinear time series approach," Keele Economics Research Papers KERP 2006/21, Centre for Economic Research, Keele University.
• Brzoza-Brzezina, Michal & Socha, Jacek, 2006. "Downward nominal wage rigidity in Poland," MPRA Paper 843, University Library of Munich, Germany, revised Nov 2006.
• Michael D. Bordo & Joseph G. Haubrich, 2006. "Forecasting with the yield curve; level, slope, and output 1875-1997," Working Papers (Old Series) 0611, Federal Reserve Bank of Cleveland.
• Federico S. Mandelman, 2006. "Business cycles and monetary regimes in emerging economies: a role for a monopolistic banking sector," FRB Atlanta Working Paper 2006-17, Federal Reserve Bank of Atlanta.
• Marta Gomez Puig, 2005. "Monetary Integration and the Cost of Borrowing," Working Papers in Economics 134, Universitat de Barcelona. Espai de Recerca en Economia.
• Sbordone, Argia M, 2006. "U.S. Wage and Price Dynamics: A Limited-Information Approach," MPRA Paper 811, University Library of Munich, Germany.
• M. Ali Choudhary & Vasco J. Gabriel, 2006. "Mind the Gap: A Comment on Aggregate Productivity and Technology," School of Economics Discussion Papers 1306, School of Economics, University of Surrey.
• Jan-Peter Olters & Daniel Leigh, 2006. "Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy; Lessons from Gabon," IMF Working Papers 06/193, International Monetary Fund.
• Fernando Sanchez Losada & Daniel Cardona, 2005. "The Unemployment Benefit System: a Redistributive or an Insurance Institution?," Working Papers in Economics 129, Universitat de Barcelona. Espai de Recerca en Economia.
• Anoop Singh & Martin D. Cerisola, 2006. "Sustaining Latin America's Resurgence; Some Historical Perspectives," IMF Working Papers 06/252, International Monetary Fund.
• Dean Croushore, 2006. "An evaluation of inflation forecasts from surveys using real-time data," Working Papers 06-19, Federal Reserve Bank of Philadelphia.
• Todd E. Clark & Michael W. McCracken, 2006. "Averaging forecasts from VARs with uncertain instabilities," Research Working Paper RWP 06-12, Federal Reserve Bank of Kansas City.
• Sanjeev Gupta & Alejandro Simone & Alex Segura-Ubiergo, 2006. "New Evidence on Fiscal Adjustment and Growth in Transition Economies," IMF Working Papers 06/244, International Monetary Fund.
• Gadea, Maria & Mayoral, Laura, 2005. "The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach," MPRA Paper 815, University Library of Munich, Germany.
• Korkut A. Erturk, 2006. "On the Minskyan Business Cycle," Economics Working Paper Archive wp_474, Levy Economics Institute.
• Oleksandr Talavera & Andriy Tsapin & Oleksandr Zholud, 2006. "Macroeconomic Uncertainty and Bank Lending: The Case of Ukraine," Discussion Papers of DIW Berlin 637, DIW Berlin, German Institute for Economic Research.
• Janet Gale Stotsky, 2006. "Gender and its Relevance to Macroeconomic Policy; A Survey," IMF Working Papers 06/233, International Monetary Fund.
• Andrew Figura, 2006. "Why are plant deaths countercyclical: reallocation timing or fragility?," Finance and Economics Discussion Series 2006-31, Board of Governors of the Federal Reserve System (U.S.).
• Lawrence J. Christiano & Martin S. Eichenbaum & Robert J. Vigfusson, 2006. "Assessing structural VARs," International Finance Discussion Papers 866, Board of Governors of the Federal Reserve System (U.S.).
• Andrew Sharpe, 2006. "Future Productivity Growth in Canada and Implications for the Canada Pension Plan," CSLS Research Reports 2006-01, Centre for the Study of Living Standards.
• Alessandra Fogli & Fabrizio Perri, 2006. "The "Great Moderation" and the US External Imbalance," NBER Working Papers 12708, National Bureau of Economic Research, Inc.
• Francisco José Veiga & Ari Aisen, 2006. "Political Instability and Inflation Volatility," IMF Working Papers 06/212, International Monetary Fund.
• Michel Normandin & Martin Boileau, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 05-03, HEC Montréal, Institut d'économie appliquée.
• Gabriella Legrenzi & Costas Milas, 2006. "Asymmetric and Non-Linear Adjustments in Local Fiscal Policy," Keele Economics Research Papers KERP 2006/16, Centre for Economic Research, Keele University.
• Péter Benczúr & István Kónya, 2006. "Nominal growth of a small open economy," CERS-IE WORKING PAPERS 0609, Institute of Economics, Centre for Economic and Regional Studies, revised 30 Aug 2006.
• Masanao Aoki, 2006. "Patterns of Non-exponential Growth of Macroeconomic Models: Two-parameter Poisson-Dirichlet Models," CIRJE F-Series CIRJE-F-449, CIRJE, Faculty of Economics, University of Tokyo.
• Pritha Mitra, 2006. "Post-Crisis Recovery; When Does Increased Fiscal Discipline Work?," IMF Working Papers 06/219, International Monetary Fund.
• Peter Blair Henry, 2006. "Capital Account Liberalization: Theory, Evidence, and Speculation," NBER Working Papers 12698, National Bureau of Economic Research, Inc.
• Andrew J Swiston & Ales Bulir, 2006. "What Explains Private Saving in Mexico?," IMF Working Papers 06/191, International Monetary Fund.
• Hongbin Li & Junsen Zhang & Jie Zhang, "undated". "Effects of longevity and dependency rates on saving and growth: Evidence from a panel of cross countries," MRG Discussion Paper Series 1106, School of Economics, University of Queensland, Australia.
• David Cook & Hiromi Nosaka, 2005. "Dual labor markets and business cycles," Working Paper Series 2006-36, Federal Reserve Bank of San Francisco.
• Marco Del Negro & Frank Schorfheide, 2006. "Forming priors for DSGE models (and how it affects the assessment of nominal rigidities)," FRB Atlanta Working Paper 2006-16, Federal Reserve Bank of Atlanta.
• Yasuyuki Sawada & Jeong-Joon Lee, 2006. "The Degree of Precautionary Saving: A Reexamination," CIRJE F-Series CIRJE-F-448, CIRJE, Faculty of Economics, University of Tokyo.
• Nicolas Million, 2006. "Changements de régime pour la persistance et la dynamique du taux d'intérêt réel américain," Cahiers de la Maison des Sciences Economiques v06067, Université Panthéon-Sorbonne (Paris 1).
• Michael B. Devereux & Amartya Lahiri & Ke Pang, 2006. "Global current account adjustment: a decomposition," Working Paper Series 2006-40, Federal Reserve Bank of San Francisco.
• Tetsuji Okazaki, 2006. "Micro-aspects of Monetary Policy: Lender of Last Resort and Selection of Banks in Pre-war Japan," CIRJE F-Series CIRJE-F-447, CIRJE, Faculty of Economics, University of Tokyo.
• Eva Rytter Sunesen, 2006. "Measuring Idiosyncratic Risk: Implications for Capital Flows," Discussion Papers 06-20, University of Copenhagen. Department of Economics.
• MUSSARD Stéphane & PHILIPPE Bernard, 2006. "De la relation épargne/investissement à l'évolution du taux de chômage," IRISS Working Paper Series 2006-05, IRISS at CEPS/INSTEAD.
• Stéphane Mussard & Bernard Philippe, 2006. "De la relation épargne/investissement à l’évolution du taux de chômage," Cahiers de recherche 06-19, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
• Hamid Faruqee & Douglas Laxton & Dirk Muir & Paolo Pesenti, 2006. "Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis," NBER Working Papers 12704, National Bureau of Economic Research, Inc.
• Bell, Clive & Gersbach, Hans, 2006. "The Macroeconomics of Targeting: The Case of an Enduring Epidemic," IZA Discussion Papers 2393, Institute of Labor Economics (IZA).
• Huffman, Wallace, 2006. "Understanding Post-War Changes in U.S. Household Production: A Full-Income Demand-System Perspective," Staff General Research Papers Archive 12696, Iowa State University, Department of Economics.
• Shripad Tuljapurkar, 2006. "Population Forecasts, Fiscal Policy, and Risk," Economics Working Paper Archive wp_471, Levy Economics Institute.
• Item repec:kas:wpaper:2006-89 is not listed on IDEAS anymore

• Erceg, Christopher & Guerriei, Luca & Gust, Christopher, 2006. "SIGMA: A New Open Economy Model for Policy Analysis," MPRA Paper 813, University Library of Munich, Germany.