Report NEP-MAC-2013-11-09

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:

• Richhild Moessner, 2013. "Reactions of real yields and inflation expectations to forward guidance in the United States," DNB Working Papers 398, Netherlands Central Bank, Research Department.
• Hilberg, Björn & Hollmayr, Josef, 2013. "Asset prices, collateral, and unconventional monetary policy in a DSGE model," Discussion Papers 36/2013, Deutsche Bundesbank.
• Camille Cornand & Cheick Kader M'Baye, 2013. "Does Inflation Targeting Matter ? An Experimental Investigation," Working Papers halshs-00877409, HAL.
• Olivier Coibion & Yuriy Gorodnichenko, 2013. "Is The Phillips Curve Alive and Well After All? Inflation Expectations and the Missing Disinflation," NBER Working Papers 19598, National Bureau of Economic Research, Inc.
• Punnoose Jacob, 2013. "Deep Habits, Price Rigidities and the Consumption Response to Government Spending," CAMA Working Papers 2013-72, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Pedro Brinca, 2013. "Distortions in the Neoclassical Growth Model: A Cross-Country Analysis," GEMF Working Papers 2013-24, GEMF, Faculty of Economics, University of Coimbra.
• Francesco Lippi & Stefania Ragni & Nicholas Trachter, 2013. "State dependent monetary policy," Working Paper 13-17, Federal Reserve Bank of Richmond.
• William Dudley, 2013. "Why financial stability is a necessary prerequisite for an effective monetary policy," Speech 108, Federal Reserve Bank of New York.
• Régis Barnichon & Andrew Figura, 2013. "Labor Market Heterogeneity and the Aggregate Matching Function," Working Papers 727, Barcelona School of Economics.
• bao, haisong, 2013. "储蓄过剩与经济危机 [The Savings Glut and the Economic Crisis]," MPRA Paper 50931, University Library of Munich, Germany.
• Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2013. "Unemployment and business cycles," International Finance Discussion Papers 1089, Board of Governors of the Federal Reserve System (U.S.).
• David L. Reifschneider & William L. Wascher & David W. Wilcox, 2013. "Aggregate supply in the United States: recent developments and implications for the conduct of monetary policy," Finance and Economics Discussion Series 2013-77, Board of Governors of the Federal Reserve System (U.S.).
• Bo Young Chang & Bruno Feunou, 2013. "Measuring Uncertainty in Monetary Policy Using Implied Volatility and Realized Volatility," Staff Working Papers 13-37, Bank of Canada.
• Kliem, Martin & Uhlig, Harald, 2013. "Bayesian estimation of a DSGE model with asset prices," Discussion Papers 37/2013, Deutsche Bundesbank.
• Zheng Liu & Mark M. Spiegel, 2013. "Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy," Working Paper Series 2013-33, Federal Reserve Bank of San Francisco.
• Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2013. "The Effects of the saving and banking glut on the U.S. economy," Staff Reports 648, Federal Reserve Bank of New York.
• Farley Grubb, 2013. "The Continental Dollar: How the American Revolution was Financed with Paper Money—Chapter 3 Initial Design and Idea Performance," Working Papers 13-10, University of Delaware, Department of Economics.
• Christine Garnier & Elmar Mertens & Edward Nelson, 2013. "Trend inflation in advanced economies," Finance and Economics Discussion Series 2013-74, Board of Governors of the Federal Reserve System (U.S.).
• James B. Bullard, 2013. "The U.S. economy and monetary policy," Speech 218, Federal Reserve Bank of St. Louis.
• James B. Bullard, 2013. "Four questions for current monetary policy," Speech 221, Federal Reserve Bank of St. Louis.
• William Dudley, 2013. "Unconventional monetary policies and central bank independence," Speech 119, Federal Reserve Bank of New York.
• Yoske Igarashi, 2013. "Distributional effects of hiring through networks," Discussion Papers 1309, University of Exeter, Department of Economics.
• William Dudley, 2013. "The economic outlook and the role of monetary policy," Speech 99, Federal Reserve Bank of New York.
• Adelaido García–Andrés y Leonardo Torre Cepeda, 2013. "Choques de política monetaria en México: una aplicación del modelo SVAR, 1995–2012," Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la Universidad Autónoma de Ciudad Juárez. 18, Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez, revised 11 2013.
• James B. Bullard, 2013. "Perspectives on the current stance of monetary policy," Speech 212, Federal Reserve Bank of St. Louis.
• Zaman, Rubaiya & Carannate, Maria & Ferra, Emi, 2013. "Effects of Uncertainty on Household Saving Rate," MPRA Paper 51208, University Library of Munich, Germany.
• Richard W. Fisher, 2013. "Uncertainty matters (with reference to kinky monetary policy, two nickels and a dime)," Speeches and Essays 137, Federal Reserve Bank of Dallas.
• John C. Williams, 2013. "The economy and monetary policy: follow the demand," Speech 116, Federal Reserve Bank of San Francisco.
• John V. Duca & John N. Muellbauer, 2013. "Tobin lives: integrating evolving credit market architecture into flow of funds based macro-models," Working Papers 1307, Federal Reserve Bank of Dallas.
• David Andolfatto & Aleksander Berentsen & Christopher J. Waller, 2013. "Monetary policy with asset-backed money," Working Papers 2013-030, Federal Reserve Bank of St. Louis.
• Item repec:aei:rpaper:39269 is not listed on IDEAS anymore

• Gerald A. Carlino & Robert P. Inman, 2013. "Macro fiscal policy in economic unions: states as agents," Working Papers 13-40, Federal Reserve Bank of Philadelphia.
• John C. Williams, 2013. "The economic outlook, unemployment, and monetary policy," Speech 121, Federal Reserve Bank of San Francisco.
• James B. Bullard, 2013. "U.S. monetary policy: easier than you think it is," Speech 211, Federal Reserve Bank of St. Louis.
• William Dudley, 2013. "The outlook for the national and local economy," Speech 102, Federal Reserve Bank of New York.
• John C. Williams, 2013. "Monetary policy and the recovery," Speech 124, Federal Reserve Bank of San Francisco.
• James B. Bullard, 2013. "The recent reduction in global macroeconomic uncertainty," Speech 210, Federal Reserve Bank of St. Louis.
• Eric Rosengren, 2013. "Communicating monetary policy at the zero bound," Speech 76, Federal Reserve Bank of Boston.
• Neville Francis & Laura E. Jackson & Michael T. Owyang, 2013. "Countercyclical policy and the speed of recovery after recessions," Working Papers 2013-032, Federal Reserve Bank of St. Louis.
• Ekaterina V. Peneva, 2013. "Effects of monetary policy shocks across time and across sectors," Finance and Economics Discussion Series 2013-70, Board of Governors of the Federal Reserve System (U.S.).
• Joao Paulo Pessoa & John Van Reenen, 2013. "Decoupling of Wage Growth and Productivity Growth? Myth and Reality," CEP Discussion Papers dp1246, Centre for Economic Performance, LSE.
• Greene, William H. & Gillman, Max & Harris, Mark N. & Spencer, Christopher, 2013. "The Tempered Ordered Probit (TOP) Model with an Application to Monetary Policy," CEI Working Paper Series 2013-04, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
• Katherine Femia & Steven Friedman & Brian P. Sack, 2013. "The effects of policy guidance on perceptions of the Fed’s reaction function," Staff Reports 652, Federal Reserve Bank of New York.
• William Dudley, 2013. "The national and regional economy," Speech 117, Federal Reserve Bank of New York.
• Xiangrong Yu, 2013. "Measurement Error and Policy Evaluation in the Frequency Domain," Working Papers 172013, Hong Kong Institute for Monetary Research.
• Jesús Crespo Cuaresma & Stephan Klasen & Konstantin M. Wacker, 2013. "Why We Don’t See Poverty Convergence: The Role of Macroeconomic Volatility," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 153, Courant Research Centre PEG.
• John C. Williams, 2013. "Will unconventional monetary policy be the new normal?," Speech 123, Federal Reserve Bank of San Francisco.
• Savina Princen & Gilles Mourre, 2013. "The role of tax policy in times of fiscal consolidation," European Economy - Economic Papers 2008 - 2015 502, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Hott, Christian, 2013. "A model of mortgage losses and its applications for macroprudential instruments," Discussion Papers 34/2013, Deutsche Bundesbank.
• James J. McAndrews, 2013. "The economy and the Household Debt and Credit Report," Speech 97, Federal Reserve Bank of New York.
• Floro, Danvee & Tesfaselassie, Mewael F., 2013. "Can forward guidance be ambiguous yet effective?," Kiel Policy Brief 65, Kiel Institute for the World Economy (IfW Kiel).
• Christopher F. Baum & Margarita Karpava & Dorothea Schäfer & Andreas Stephan, 2013. "Credit Rating Agency Announcements and the Eurozone Sovereign Debt Crisis," Discussion Papers of DIW Berlin 1333, DIW Berlin, German Institute for Economic Research.
• Brun , Matthieu & Fraisse , Henri & Thesmar , David, 2013. "The Real Effects of Bank Capital Requirements," HEC Research Papers Series 988, HEC Paris.
• Charles Y. Horioka & Takaaki Nomoto & Akiko Terada-Hagiwara, 2013. "Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?," NBER Working Papers 19596, National Bureau of Economic Research, Inc.
• Chen, Yongmin & Gu, Dingwei & Yao, Zhiyong, 2013. "Rating Inflation versus Deflation: On Procyclical Credit Ratings," MPRA Paper 51159, University Library of Munich, Germany.
• James B. Bullard, 2013. "Opening remarks," Speech 213, Federal Reserve Bank of St. Louis.
• van Suntum, Ulrich, 2013. "A parallel currency proposal for the stronger Euro-states," CAWM Discussion Papers 64, University of Münster, Münster Center for Economic Policy (MEP).
• James B. Bullard, 2013. "The Fed’s new regime and the 2013 outlook," Speech 209, Federal Reserve Bank of St. Louis.
• Matthew Cocci & Marco Del Negro & Stefano Eusepi & Marc Giannoni & Raiden B. Hasegawa & M. Henry Linder & Argia M. Sbordone & Andrea Tambalotti, 2013. "The FRBNY DSGE model," Staff Reports 647, Federal Reserve Bank of New York.
• Eric Rosengren, 2013. "The economic outlook and economic policymaking," Speech 75, Federal Reserve Bank of Boston.
• Thomas C. Baxter, 2013. "From Bagehot to Bernanke and Draghi: emergency liquidity, macroprudential supervision and the rediscovery of the lender of last resort function," Speech 114, Federal Reserve Bank of New York.
• Estelle P. Dauchy, 2013. "The Efficiency Cost of Asset Taxation in the U.S. after Accounting for Intangible Assets," Working Papers w0199, Center for Economic and Financial Research (CEFIR).
• Jean-François FAGNART & Marc GERMAIN & Alphonse MAGNUS, 2013. "Soutenabilité forte, rente et partage de la valeur ajoutée," LIDAM Discussion Papers IRES 2013021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Keith R. Phillips & Jianguo Wang, 2013. "Spurious seasonal patterns and excess smoothness in the BLS local area unemployment," Working Papers 1305, Federal Reserve Bank of Dallas.
• Peter Fuleky & L Ventura & Qianxue Zhao, 2013. "Common Correlated Effects and International Risk Sharing," Working Papers 201315, University of Hawaii at Manoa, Department of Economics.
• Hutter, Christian & Weber, Enzo, 2013. "Constructing a new leading indicator for unemployment from a survey among German employment agencies," IAB-Discussion Paper 201317, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
• Kovachev, Goran, 2013. "Financing Agribusiness by State Development Banks - the Case of Macedonia," MPRA Paper 51094, University Library of Munich, Germany, revised Sep 2013.
• A. Bagnai & A. Rieber & T.A.D. Tran, 2013. "Economic growth and balance of payments constraint in Vietnam," Working Papers 13, Development and Policies Research Center (DEPOCEN), Vietnam.
• Gerlach, Petra & O'Connell, Brian & O'Toole, Conor, 2013. "SME Credit Constraints and Macroeconomic Effects," Papers WP467, Economic and Social Research Institute (ESRI).
• Carolina Asuaga & Fanny Trylesinski & Gabriela Medeiros, 2013. "Satellite Culture Account for Uruguay: Visual and Plastic Arts Sector," ACEI Working Paper Series AWP-08-2013, Association for Cultural Economics International, revised Nov 2013.
• SALERNO, Nicola Carmine, 2013. "Il Pay-as-You-Go in Europa attraverso i Programmi di Stabilità. Le risorse che gli attivi/occupati dovranno mettere a disposizione per finanziare il welfare [The scale of PayGo in the mid-long term," MPRA Paper 51195, University Library of Munich, Germany.
• Pia M. Orrenius & Madeline Zavodny, 2013. "Immigrants in the U.S. labor market," Working Papers 1306, Federal Reserve Bank of Dallas.
• Peter Fuleky & Carl S. Bonham, 2013. "Forecasting with Mixed Frequency Samples: The Case of Common Trends," Working Papers 201316, University of Hawaii at Manoa, Department of Economics.