Report NEP-MAC-2013-11-16

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:

• Harashima, Taiji, 2013. "The Phillips Curve and a Micro-foundation of Trend Inflation," MPRA Paper 51305, University Library of Munich, Germany.
• John Keating & Andrew Lee Smith, 2013. "Determinacy and Indeterminacy in Monetary Policy Rules with Money," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201310, University of Kansas, Department of Economics.
• Dominik Menno & Tommaso Oliviero, 2013. "Financial Intermediation, House Prices, and the Distributive Effects of the U.S. Great Recession," Economics Working Papers ECO2013/05, European University Institute.
• Munechika Katayama & Kwang Hwan Kim, 2013. "The Delayed Effects of Monetary Shocks in a Two-sector New Keynesian Model," Discussion papers e-13-003, Graduate School of Economics Project Center, Kyoto University.
• Christian Baker & Richard W. Evans, 2013. "Optimal State-dependent Monetary Policy Rules," BYU Macroeconomics and Computational Laboratory Working Paper Series 2013-04, Brigham Young University, Department of Economics, BYU Macroeconomics and Computational Laboratory.
• Dumitriu, Ramona & Stefanescu, Răzvan, 2013. "Decizii strategice ale politicii monetare [Strategic decisions of the Monetary Policy]," MPRA Paper 51242, University Library of Munich, Germany, revised 05 Nov 2013.
• Dumitriu, Ramona & Stefanescu, Razvan, 2013. "Provocările politicii monetare [Monetary policy challenges]," MPRA Paper 50261, University Library of Munich, Germany, revised 28 Sep 2013.
• Kolasa, Marcin & Brzoza-Brzezina, Michał & Makarski, Krzysztof, 2013. "Macroprudential policy instruments and economic imbalances in the euro area," Working Paper Series 1589, European Central Bank.
• Kim, Chang-Jin & Manopimoke, Pym & Nelson, Charles, 2013. "Trend Inflation and the Nature of Structural Breaks in the New Keynesian Phillips Curve," MPRA Paper 51356, University Library of Munich, Germany.
• Andrew K. Rose, 2013. "Surprising Similarities: Recent Monetary Regimes of Small Economies," NBER Working Papers 19632, National Bureau of Economic Research, Inc.
• Item repec:dau:papers:123456789/11718 is not listed on IDEAS anymore

• F. Gulcin Ozkan & D. Filiz Unsal, 2013. "On the use of monetary and macroprudential policies for financial stability in emerging markets," Discussion Papers 13/14, Department of Economics, University of York.
• Ansgar Belke, 2013. "Non-Standard Monetary Policy Measures – Magic Wand or Tiger by the Tail?," Ruhr Economic Papers 0447, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
• Jakub Mateju, 2013. "Explaining the Strength and the Efficiency of Monetary Policy Transmission: A Panel of Impulse Responses from a Time-Varying Parameter Model," Working Papers IES 2013/18, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Nov 2013.
• Eric Tymoigne & L. Randall Wray, 2013. "Modern Money Theory 101: A Reply to Critics," Economics Working Paper Archive wp_778, Levy Economics Institute.
• Nancy L. Stokey, 2013. "Wait-and-See: Investment Options under Policy Uncertainty," NBER Working Papers 19630, National Bureau of Economic Research, Inc.
• Punnoose Jacob, 2013. "Deep habits, price rigidities and the consumption response to Government spending," Reserve Bank of New Zealand Discussion Paper Series DP2013/03, Reserve Bank of New Zealand.
• Andrew Lee Smith, 2013. "House Prices, Heterogeneous Banks and Unconventional Monetary Policy Options," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201311, University of Kansas, Department of Economics.
• Wray , L. Randall & Fernandez Lommen, Yolanda, 2013. "Monetary and Fiscal Operations in the People’s Republic of China: An Alternative View of the Options Available," ADB Economics Working Paper Series 380, Asian Development Bank.
• Régis Barnichon & Andrew Figura, 2010. "Labor market heterogeneity and the aggregate matching function," Economics Working Papers 1395, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2013.
• Popov, Alexander, 2013. "Monetary policy, bank capital and credit supply: a role for discouraged and informally rejected firms," Working Paper Series 1593, European Central Bank.
• Franck Portier & Paul Beaudry, 2013. "Understanding Non-Inflationary Demand Driven Business Cycles," 2013 Meeting Papers 434, Society for Economic Dynamics.
• Michael J. Lamla & Lena Draeger & Damjan Pfajfar, 2013. "Are Consumer Expectations Theory-Consistent? The Role of Macroeconomic Determinants and Central Bank Communication," KOF Working papers 13-345, KOF Swiss Economic Institute, ETH Zurich.
• Pedro Miguel Soares Brinca, 2013. "Distortions in the Neoclassical Growth Model: A Cross Country Analysis," 2013 Papers pbr150, Job Market Papers.
• Item repec:aei:rpaper:39412 is not listed on IDEAS anymore

• Reinhart, Carmen, 2013. "Goodbye Inflation Targeting, Hello Fear of Floating? Latin America after the Global Financial Crisis," MPRA Paper 51282, University Library of Munich, Germany.
• Kang, Wensheng & Lee, Kiseok & Ratti, Ronald A., 2013. "Economic Policy Uncertainty and Firm-Level Investment," MPRA Paper 51277, University Library of Munich, Germany.
• Marc Pourroy, 2013. "Inflation-Targeting and Foreign Exchange Interventions in Emerging Economies," Documents de travail du Centre d'Economie de la Sorbonne 13074, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Martha López & Fernando TenjO & Héctor Zárate, 2013. "Credit Cycles, Credit Risk and Countercyclical Loan Provisions," Borradores de Economia 788, Banco de la Republica de Colombia.
• Qichun He & Heng-fu Zou, 2013. "Creative Destruction with Credit Inflation," CEMA Working Papers 591, China Economics and Management Academy, Central University of Finance and Economics.
• Teles, Pedro & Uhlig, Harald, 2013. "Is quantity theory still alive?," Working Paper Series 1605, European Central Bank.
• Giovanni Bernardo & Emanuele Campiglio, 2013. "A Simple Model of Income, Aggregate Demand, and the Process of Credit Creation by Private Banks," Economics Working Paper Archive wp_777, Levy Economics Institute.
• Emmanuel Carré & Jézabel Couppey-Soubeyran & Dominique Plihon & Marc Pourroy, 2013. "Central Banking after the Crisis: Brave New World or Back to the Future?," Documents de travail du Centre d'Economie de la Sorbonne 13073, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• F. Bremus & Claudia M. Buch, 2013. "Granularity in Banking and Growth: Does Financial Openness Matter?," IWH Discussion Papers 14, Halle Institute for Economic Research.
• Item repec:dau:papers:123456789/11719 is not listed on IDEAS anymore

• Ryo Kato & Takayuki Tsuruga, 2012. "Bank Overleverage and Macroeconomic Fragility," Discussion papers e-12-002, Graduate School of Economics Project Center, Kyoto University, revised Mar 2013.
• Alexander W. Richter, 2013. "The Fiscal Limit and Non-Ricardian Consumers," Auburn Economics Working Paper Series auwp2013-19, Department of Economics, Auburn University.
• Pablo Hernández de Cos & Juan F. Jimeno, 2013. "Fiscal policy and external imbalances in a debt crisis: the Spanish case," Occasional Papers 1303, Banco de España.
• Aurélien Beleau, 2013. "Théorie de la taxation optimale et politique de stabilisation : une incompatibilité théorique ?," Documents de travail du Centre d'Economie de la Sorbonne 13059, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Till Gross, 2013. "Dynamic Optimal Taxation in Open Economies," Carleton Economic Papers 13-06, Carleton University, Department of Economics.
• Item repec:feu:wfeppr:y:2013:m:11:d:0:i:9 is not listed on IDEAS anymore

• Michał Brzoza-Brzezina & Marcin Kolasa & Krzysztof Makarski, 2013. "A penalty function approach to occasionally binding credit constraints," NBP Working Papers 159, Narodowy Bank Polski.
• Douglas Gollin & David Lagakos & Michael E. Waugh, 2013. "The Agricultural Productivity Gap," NBER Working Papers 19628, National Bureau of Economic Research, Inc.
• Mazurek, Jiří, 2013. "The Great Recession: a comparison of recession magnitudes in Europe, USA and Japan," MPRA Paper 51428, University Library of Munich, Germany.
• Eric van Wincoop & Philippe Bacchetta, 2013. "The Great Recession: A Self-Fulfilling Global Panic," 2013 Meeting Papers 413, Society for Economic Dynamics.
• Martin, Antoine & Skeie, David & Thadden, Ernst-Ludwig von, 2013. "Repo Runs," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 448, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
• Benjaming Dachis & William B.P. Robson, 2013. "Equipping Canadian Workers: Business Investment Loses a Step against Competitors Abroad," e-briefs 167, C.D. Howe Institute.
• Sebastian Gechert & Rafael Mentges, 2013. "What Drives Fiscal Multipliers? The Role of Private Wealth and Debt," IMK Working Paper 124-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Leo Krippner, 2013. "A tractable framework for zero lower bound Gaussian term structure models," Reserve Bank of New Zealand Discussion Paper Series DP2013/02, Reserve Bank of New Zealand.
• Lee , Hyun-Hoon & Park, Cyn-Young, 2013. "International Transmission of Food Prices and Volatilities: A Panel Analysis," ADB Economics Working Paper Series 373, Asian Development Bank.
• Mario J. Crucini & Mototsugu Shintani & Takayuki Tsuruga, 2010. "Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?," Discussion papers e-10-004, Graduate School of Economics Project Center, Kyoto University.
• Sylvia Kaufmann & Johann Scharler, 2013. "Bank-Lending Standards, Loan Growth and the Business Cycle in the Euro Area," Working Papers 2013-34, Faculty of Economics and Statistics, Universität Innsbruck.
• Perugini, Cristiano & Hölscher, Jens & Collie, Simon, 2013. "Inequality, credit expansion and financial crises," MPRA Paper 51336, University Library of Munich, Germany.
• Marion Davin, 2013. "Public Education Spending, Sectoral Taxation and Growth," AMSE Working Papers 1355, Aix-Marseille School of Economics, France, revised Oct 2013.
• Peter H. Sullivan, 2013. "Finding a Connection Between Exchange Rates and Fundamentals, How Should We Model Revisions to Forecasting Strategies?," 2013 Papers psu387, Job Market Papers.
• Fujio Takata, 2013. "Multiple Steady States under the Balanced Budget Rule- a Generalization," Discussion Papers 1310, Graduate School of Economics, Kobe University.
• Lance Kent & Toan Phan, 2013. "Business Cycles with Revolutions," Working Papers 145, Department of Economics, College of William and Mary.
• Thomas Herndon & Michael Ash & Robert Pollin, 2013. "Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogo ff," Working Papers wp322, Political Economy Research Institute, University of Massachusetts at Amherst.
• Güneş Kamber & Christoph Thoenissen, 2013. "Financial exposure and the international transmission of financial shocks," Reserve Bank of New Zealand Discussion Paper Series DP2013/06, Reserve Bank of New Zealand.
• Bonizzi, Bruno, 2013. "Capital market inflation in emerging markets: The case of Brazil and South Korea," MPRA Paper 51255, University Library of Munich, Germany.
• Guillen, Osmani Teixeira Carvalho & Issler, João Victor & Franco Neto, Afonso Arinos de Mello, 2013. "On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century and beyond," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 748, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
• Jochen Hartwig, 2013. "Structural Change, Aggregate Demand and Employment Dynamics in the OECD, 1970-2010," KOF Working papers 13-343, KOF Swiss Economic Institute, ETH Zurich.
• Andrey Launov & Klaus Wälde, 2013. "Hartz IV ist tot – Es leben die Hartz-Reformen!," Working Papers 1308, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 01 Nov 2013.
• Claudia M. Buch & T. Körner & B. Weigert, 2013. "Towards Deeper Financial Integration in Europe: What the Banking Union Can Contribute," IWH Discussion Papers 13, Halle Institute for Economic Research.
• Chad Cotti & Richard A. Dunn & Nathan Tefft, 2013. "The Dow is Killing Me: Risky Health Behaviors and the Stock Market," Working Papers 20, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
• Hiroaki Sasaki, 2011. "Is the Long-run Equilibrium Wage-led or Profit-led? A Kaleckian Approach," Discussion papers e-11-002, Graduate School of Economics Project Center, Kyoto University.
• Martin, Antoine & Skeie, David & Thadden, Ernst-Ludwig von, 2013. "The Fragility of Short-Term Secured Funding Markets," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 449, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
• Bernd Hayo & Edith Neuenkirch, 2013. "The German Public and its Trust in the ECB: The Role of Knowledge and Information Search," MAGKS Papers on Economics 201347, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Vaqar Ahmed & Ahsan Abbas & Saira Ahmed, 2013. "Public infrastructure and economic growth in Pakistan: a dynamic CGE-microsimulation analysis," Working Papers MPIA 2013-01, PEP-MPIA.
• Maciej Albinowski & Piotr Ciżkowicz & Andrzej Rzońca, 2013. "Links between the trust in the ECB and its interest rate policy," NBP Working Papers 158, Narodowy Bank Polski.
• Item repec:dau:papers:123456789/10079 is not listed on IDEAS anymore

• Estian Calitz & Krige Siebrits & Ian Stuart, 2013. "The accuracy of fiscal projections in South Africa," Working Papers 24/2013, Stellenbosch University, Department of Economics.
• Aleksandra Hałka & Tomasz Łyziak, 2013. "How to defi ne the Consumer Perceived Price Index? The case of Poland," NBP Working Papers 160, Narodowy Bank Polski.
• John Muellbauer, 2013. "Conditional Eurobonds and the Eurozone Sovereign Debt Crisis," Economics Series Working Papers 681, University of Oxford, Department of Economics.
• Ciccone, Antonio & Peri, Giovanni, 2013. "Schooling Supply and the Structure of Production: Evidence from US States 1950–1990," ADB Economics Working Paper Series 377, Asian Development Bank.
• Costeiu, Adrian & Neagu, Florian, 2013. "Bridging the banking sector with the real economy: a financial stability perspective," Working Paper Series 1592, European Central Bank.
• Item repec:dau:papers:123456789/7353 is not listed on IDEAS anymore

• Régis Barnichon & Andrew Figura, 2013. "Declining labor force attachment and downward trends in unemployment and participation," Economics Working Papers 1397, Department of Economics and Business, Universitat Pompeu Fabra.
• Winkler, Adalbert, 2013. "Der lender of last resort vor Gericht," Frankfurt School - Working Paper Series 206, Frankfurt School of Finance and Management.
• Kim, Chang-Jin & Kim, Jaeho, 2013. "The `Pile-up Problem' in Trend-Cycle Decomposition of Real GDP: Classical and Bayesian Perspectives," MPRA Paper 51118, University Library of Munich, Germany.
• A. Kerem Co?ar & Nezih Guner & James Tybout, 2013. "Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy," Working Papers 732, Barcelona School of Economics.
• Nalan Basturk & Cem Cakmakli & Pinar Ceyhan & Herman K. van Dijk, 2013. "Posterior-Predictive Evidence on US Inflation using Extended Phillips Curve Models with non-filtered Data," Koç University-TUSIAD Economic Research Forum Working Papers 1321, Koc University-TUSIAD Economic Research Forum.
• Benjamin Moll & Robert M. Townsend & Victor Zhorin, 2013. "Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions," NBER Working Papers 19618, National Bureau of Economic Research, Inc.
• Hiroaki Sasaki & Ryunosuke Sonoda & Shinya Fujita, 2012. "International Competition and Distributive Class Conflict in an Open Economy Kaleckian Model," Discussion papers e-12-005, Graduate School of Economics Project Center, Kyoto University.
• Joshua S. Gans & Hanna Halaburda, 2013. "Some Economics of Private Digital Currency," Staff Working Papers 13-38, Bank of Canada.
• Tomas Havranek, 2013. "Publication Bias in Measuring Intertemporal Substitution," Working Papers IES 2013/15, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2013.
• Rosa C. Hayes & Masami Imai & Cameron A. Shelton, 2013. "Attribution Error in Economic Voting: Evidence from Trade Shocks," Wesleyan Economics Working Papers 2013-009, Wesleyan University, Department of Economics.
• Horioka, Charles Yuji & Terada-Hagiwara, Akiko, 2013. "Corporate Cash Holding in Asia," ADB Economics Working Paper Series 381, Asian Development Bank.
• Item repec:dau:papers:123456789/11406 is not listed on IDEAS anymore

• Kim, Chang-Jin & Kim, Jaeho, 2013. "Bayesian Inference in Regime-Switching ARMA Models with Absorbing States: The Dynamics of the Ex-Ante Real Interest Rate Under Structural Breaks," MPRA Paper 51117, University Library of Munich, Germany.