Report NEP-MAC-2007-12-01

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:

• V. V. Chari & Patrick J. Kehoe, 2007. "The Heterogeneous State of Modern Macroeconomics: A Reply to Solow," NBER Working Papers 13655, National Bureau of Economic Research, Inc.
• Ricardo Reis & Mark W. Watson, 2007. "Relative Goods' Prices, Pure Inflation, and the Phillips Correlation," NBER Working Papers 13615, National Bureau of Economic Research, Inc.
• Josephine M. Smith & John B. Taylor, 2007. "The Long and the Short End of the Term Structure of Policy Rules," NBER Working Papers 13635, National Bureau of Economic Research, Inc.
• Florin Bilbiie & Fabio Ghironi & Marc J. Melitz, 2007. "Endogenous Entry, Product Variety, and Business Cycles," NBER Working Papers 13646, National Bureau of Economic Research, Inc.
• Philip Liu, 2007. "Stabilizing The Australian Business Cycle: Good Luck Or Good Policy?," CAMA Working Papers 2007-24, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Anton Nakov & Andrea Pescatori, 2007. "Oil and the Great Moderation," Working Papers (Old Series) 0717, Federal Reserve Bank of Cleveland.
• Luisa Lambertini & Paul Levine & Joseph Pearlman, 2007. "Fiscal Policy in a Monetary Union: Can Fiscal Cooperation be Counterproductive?," School of Economics Discussion Papers 1707, School of Economics, University of Surrey.
• Danthine, Jean-Pierre & Kurmann, Andre, 2007. "The Business Cycle Implications of Reciprocity in Labour Relations," CEPR Discussion Papers 6587, C.E.P.R. Discussion Papers.
• Hughes Hallett, Andrew & Libich, Jan & Stehlík, Petr, 2007. "Monetary and Fiscal Policy Interaction with Various Degrees and Types of Commitment," CEPR Discussion Papers 6586, C.E.P.R. Discussion Papers.
• Item repec:pra:mprapa:5904 is not listed on IDEAS anymore

• Item repec:hhs:bofrdp:2007_019 is not listed on IDEAS anymore

• Bittencourt, Manoel, 2007. "Inflation and Financial Development: Evidence from Brazil," Proceedings of the German Development Economics Conference, Göttingen 2007 1, Verein für Socialpolitik, Research Committee Development Economics.
• James Yetman & Gregor W. Smith, 2007. "The Curse Of Irving Fisher (professional Forecasters' Version)," Working Paper 1144, Economics Department, Queen's University.
• Alpanda, Sami & Honig, Adam, 2007. "Political Monetary Cycles and a New de facto Ranking of Central Bank Independence," MPRA Paper 5898, University Library of Munich, Germany.
• Sayan, Serdar & Tekin-Koru, Ayca, 2007. "Business Cycles and Remittances: A Comparison of the Cases of Turkish Workers in Germany and Mexican Workers in the US," MPRA Paper 6030, University Library of Munich, Germany.
• Item repec:hhs:bofrdp:2007_022 is not listed on IDEAS anymore

• Corsetti, Giancarlo, 2007. "New Open Economy Macroeconomics," CEPR Discussion Papers 6578, C.E.P.R. Discussion Papers.
• Item repec:hhs:bofrdp:2007_021 is not listed on IDEAS anymore

• Angel Asensio, 2007. "Inflation targeting drawbacks in the absence of a 'natural' anchor," Post-Print halshs-00189225, HAL.
• Paul Levine & Joseph Pearlman & Bo Yang, 2007. "The Credibility Problem Revisited: Thirty Years on from Kydland and Prescott," School of Economics Discussion Papers 1807, School of Economics, University of Surrey.
• Emmanuel Dubois & Jérôme Hericourt & Valérie Mignon, 2007. "Costs and Benefits of Euro Membership: a Counterfactual Analysis," Working Papers 2007-17, CEPII research center.
• Juan Manuel Julio, 2007. "Does The Spot Curve Contain Information On Future Monetary Policy In Colombia," Borradores de Economia 4289, Banco de la Republica.
• Rafael Di Tella & Robert MacCulloch, 2007. "Happiness, Contentment and Other Emotions for Central Banks," NBER Working Papers 13622, National Bureau of Economic Research, Inc.
• Constantina Kottaridi & Diego Mendez-Carbajo & Dimitrios Thomakos, 2007. "Inflation Dynamics and the Cross-Sectional Distribution of Prices in the E.U. Periphery," Working Papers 0004, University of Peloponnese, Department of Economics.
• Item repec:awi:wpaper:0455 is not listed on IDEAS anymore

• Guido Lorenzoni, 2007. "Inefficient Credit Booms," NBER Working Papers 13639, National Bureau of Economic Research, Inc.
• Ricardo M. Sousa, 2007. "Wealth Shocks and Risk Aversion," NIPE Working Papers 28/2007, NIPE - Universidade do Minho.
• Villieu, P. & Minea, Alexandru, 2007. "Long-Run Monetary and Fiscal Policy Trade-Off in an Endogenous Growth Model with Transaction Costs," Proceedings of the German Development Economics Conference, Göttingen 2007 23, Verein für Socialpolitik, Research Committee Development Economics.
• Item repec:pra:mprapa:5928 is not listed on IDEAS anymore

• Item repec:awi:wpaper:0458 is not listed on IDEAS anymore

• Dominique Guegan & Florian Ielpo, 2007. "Further evidence on the impact of economic news on interest rates," Documents de travail du Centre d'Economie de la Sorbonne b07062, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Richard W. Evans, 2007. "Is openness inflationary? Imperfect competition and monetary market power," Globalization Institute Working Papers 01, Federal Reserve Bank of Dallas.
• John Lewis & Karsten Staehr, 2007. "The Maastricht Inflation Criterion: What is the Effect of Expansion of the European Union?," DNB Working Papers 151, Netherlands Central Bank, Research Department.
• Jonathan Thomas & Tim Worrall, 2007. "Limited Commitment Models of the Labour Market," Edinburgh School of Economics Discussion Paper Series 176, Edinburgh School of Economics, University of Edinburgh.
• Aloisio Araujo & Rafael Santos, 2007. "Inflation Targeting, Credibility and Confidence Crises," Working Papers Series 140, Central Bank of Brazil, Research Department.
• Barnett, William A. & Keating, John W. & Kelly, Logan, 2007. "Toward a Bias Corrected Currency Equivalent Index," MPRA Paper 6008, University Library of Munich, Germany.
• Ricardo M. Sousa, 2007. "Expectations, Shocks, and Asset Returns," NIPE Working Papers 29/2007, NIPE - Universidade do Minho.
• Tamim Bayoumi & Silvia Sgherri, 2007. "On the Impact of Income and Policy Shocks on Consumption," DNB Working Papers 152, Netherlands Central Bank, Research Department.
• von Hagen, Jurgen & Schuknecht, Ludger & Wolswijk, Guido, 2007. "Government Risk Premiums in the Bond Market: EMU and Canada," CEPR Discussion Papers 6579, C.E.P.R. Discussion Papers.
• António Bento Ratão Caleiro & Esmeralda de Jesus Ratinho Lopes Arranhado Ramalho, 2007. "Consumer confidence in Portugal – What Does it Really Matter?," CEFAGE-UE Working Papers 2007_03, University of Evora, CEFAGE-UE (Portugal).
• López-Salido, J David & Erceg, Christopher & Gust, Christopher, 2007. "The Transmission of Domestic Shocks in Open Economies," CEPR Discussion Papers 6574, C.E.P.R. Discussion Papers.
• Edward J. Chambers, 2007. "Provincial and National Business Cycles 1976 to 2006: How the Provinces Fared," Information Bulletins 1096, Western Centre for Economic Research.
• Barnett, William A. & Duzhak, Evgeniya A., 2007. "Non-Robust Dynamic Inferences from Macroeconometric Models: Bifurcation Stratification of Confidence Regions," MPRA Paper 6005, University Library of Munich, Germany.
• Lanouar Charfeddine & Dominique Guegan, 2007. "Which is the best model for the US inflation rate: a structural changes model or a long memory process?," Documents de travail du Centre d'Economie de la Sorbonne b07061, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Dominique Guegan & Florian Ielpo, 2007. "Flexible time series models for subjective distribution estimation with monetary policy in view," Documents de travail du Centre d'Economie de la Sorbonne b07056, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Jean-Pierre Danthine & John B. Donaldson, 2007. "Executive Compensation: The View from General Equilibrium," Swiss Finance Institute Research Paper Series 07-33, Swiss Finance Institute.
• Enrique Martínez García, 2007. "A monetary model of the exchange rate with informational frictions," Globalization Institute Working Papers 02, Federal Reserve Bank of Dallas.
• Gikas Hardouvelis & Dimitrios Thomakos, 2007. "Consumer Confidence and Elections," Working Papers 0003, University of Peloponnese, Department of Economics.
• Dora Gicheva & Justine Hastings & Sofia Villas-Boas, 2007. "Revisiting the Income Effect: Gasoline Prices and Grocery Purchases," NBER Working Papers 13614, National Bureau of Economic Research, Inc.
• Francisco Covas & Shigeru Fujita, 2007. "Private risk premium and aggregate uncertainty in the model of uninsurable investment risk," Working Papers 07-30, Federal Reserve Bank of Philadelphia.
• Serwa, Dobromił, 2007. "Banking crises and nonlinear linkages between credit and output," MPRA Paper 5946, University Library of Munich, Germany.
• Christopher J. Erceg & Christopher Gust & David López-Salido, 2007. "The Transmission of Domestic Shocks in the Open Economy," NBER Working Papers 13613, National Bureau of Economic Research, Inc.
• Alpanda, Sami, 2007. "The Boom-Bust Cycle in Japanese Asset Prices," MPRA Paper 5895, University Library of Munich, Germany.
• Solange Gouvea, 2007. "Price Rigidity in Brazil: Evidence from CPI Micro Data," Working Papers Series 143, Central Bank of Brazil, Research Department.
• Item repec:hal:papers:halshs-00188331_v1 is not listed on IDEAS anymore

• Kai, Guo & Conlon, John R., 2007. "Why Bubble-Bursting Is Unpredictable: Welfare Effects Of Anti-Bubble Policy When Central Banks Make Mistakes," MPRA Paper 5927, University Library of Munich, Germany.
• D.S.G. Pollock, 2007. "Investigating Economic Trends And Cycles," Discussion Papers in Economics 07/17, Division of Economics, School of Business, University of Leicester, revised Apr 2008.
• Juan Carlos Conesa & Timothy J. Kehoe & Kim J. Ruhl, 2007. "Modeling great depressions: the depression in Finland in the 1990s," Staff Report 401, Federal Reserve Bank of Minneapolis.
• Kateryna Shapovalova & Alexander Subbotin, 2007. "Investigating value and growth: what labels hide?," Documents de travail du Centre d'Economie de la Sorbonne b07066, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Item repec:pra:mprapa:5913 is not listed on IDEAS anymore

• Francis, Johanna L., 2007. "Wealth and the Capitalist Spirit," MPRA Paper 5985, University Library of Munich, Germany.
• Michael T. Owyang & David E. Rapach & Howard J. Wall, 2008. "States and the business cycle," Working Papers 2007-050, Federal Reserve Bank of St. Louis.
• Gábor Vadas, 2007. "Wealth portfolio of Hungarian households – Urban legends and facts," MNB Occasional Papers 2007/68, Magyar Nemzeti Bank (Central Bank of Hungary).
• Walentin, Karl, 2007. "Earnings Inequality and the Equity Premium," Working Paper Series 215, Sveriges Riksbank (Central Bank of Sweden).
• Ryuzo Sato & Tamaki Morita, 2007. "Macro Dynamics and Labor-Saving Innovation: US vs. Japan," CIRJE F-Series CIRJE-F-528, CIRJE, Faculty of Economics, University of Tokyo.
• Angel Asensio, 2008. "The growing evidence of Keynes's methodology advantage and its consequences within the four macro-markets framework," Post-Print halshs-00189221, HAL.
• Felipe Pinheiro & Caio Almeida & José Vicente, 2007. "Um Modelo de Fatores Latentes com Variáveis Macroeconômicas para a Curva de Cupom Cambial," Working Papers Series 148, Central Bank of Brazil, Research Department.
• Dale F. Gray & Robert C. Merton & Zvi Bodie, 2007. "New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability," NBER Working Papers 13607, National Bureau of Economic Research, Inc.
• Carlos Esteban Posada & Camilo Morales J., 2007. "La inflación y la política monetaria colombianas del período 1996-2006: una interpretación," Borradores de Economia 4291, Banco de la Republica.
• Item repec:tud:ddpiec:187 is not listed on IDEAS anymore

• Carlos Esteban Posada & Camilo Morales J., 2007. "Inflación y apertura: evidencia para Colombia (1980-2005)," Borradores de Economia 4286, Banco de la Republica.
• Stefania Albanesi & Roc Armenter, 2007. "Intertemporal Distortions in the Second best," NBER Working Papers 13629, National Bureau of Economic Research, Inc.
• Robert Allen & Robert C. Allen, 2007. "Pessimism Preserved: Real Wages in the British Industrial Revolution," Economics Series Working Papers 314, University of Oxford, Department of Economics.
• David Backus & Espen Henriksen & Kjetil Storesletten, 2007. "Taxes and the Global Allocation of Capital," NBER Working Papers 13624, National Bureau of Economic Research, Inc.
• Alexander K. Karaivanov & Fernando M. Martin, 2007. "Dynamic Optimal Insurance and Lack of Commitment," Discussion Papers dp07-22, Department of Economics, Simon Fraser University.
• Edward M. Bergman, 2007. "Cluster Life-Cycles: An Emerging Synthesis," SRE-Disc sre-disc-2007_04, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.