Report NEP-MAC-2013-12-15

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:

• Carlos Garcia & Jesisbé Mejía, 2012. "Optimal macroeconomic stabilization policy of food, metal, and energy price cycles in small open economies," ILADES-UAH Working Papers inv284, Universidad Alberto Hurtado/School of Economics and Business.
• Datta, Soumya, 2013. "Convergence, cycles and complex dynamics of financing investment," MPRA Paper 52111, University Library of Munich, Germany, revised 10 Dec 2013.
• Item repec:oxf:wpaper:oxcarre-research-paper-121 is not listed on IDEAS anymore

• Gertrud Errit & Lenno Uuskula, 2013. "Euro Area monetary policy transmission in Estonia," Bank of Estonia Working Papers wp2013-7, Bank of Estonia, revised 09 Dec 2013.
• Russell W. Cooper & Immo Schott, 2013. "Capital Reallocation and the Cyclicality of Aggregate Productivity," NBER Working Papers 19715, National Bureau of Economic Research, Inc.
• Pragidis, Ioannis & Gogas, Periklis & Plakandaras, Vasilios & Papadimitriou, Theophilos, 2013. "Asymmetric Fiscal Policy Shocks," DUTH Research Papers in Economics 8-2013, Democritus University of Thrace, Department of Economics.
• Maria Monica WIHARDJA, 2013. "Financial Integration Challenges in ASEAN beyond 2015," Working Papers DP-2013-27, Economic Research Institute for ASEAN and East Asia (ERIA).
• Yuki Teranishi & Ippei Fujiwara, 2013. "Financial stability in open economies," AJRC Working Papers 1306, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
• Andrew Bossie, 2013. "The Effect of Fiscal Policy Shocks on the Flow of Funds," 2013 Papers pbo741, Job Market Papers.
• Meixing Dai & Frédéric Dufourt & Qiao Zhang, 2013. "Large Scale Asset Purchases with segmented mortgage and corporate loan markets," Working Papers of BETA 2013-20, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Alfred A. Haug & Tomasz Jedrzejowicz & Anna Sznajderska, 2013. "Combining Monetary and Fiscal Policy in an SVAR for a Small Open Economy," Working Papers 1313, University of Otago, Department of Economics, revised Oct 2013.
• Rossana Merola, 2013. "The role of financial frictions during the crisis: An estimated DSGE model," Working Paper Research 249, National Bank of Belgium.
• Ramirez, Francisco A. & Torres, Francisco A., 2013. "Modelo de equilibrio general dinámico y estocástico con rigideces nominales para el análisis de política y proyecciones en la República Dominicana [A stochastic and dynamic general equilibrium mode," MPRA Paper 51802, University Library of Munich, Germany.
• Pei Kuang, 2013. "Imperfect Knowledge About Asset Prices and Credit Cycles," Discussion Papers 13-02r, Department of Economics, University of Birmingham.
• Pragidis, Ioannis & Gogas, Periklis & Tabak, Benjamin, 2013. "Asymmetric Effects of Monetary Policy in the U.S. and Brazil," DUTH Research Papers in Economics 7-2013, Democritus University of Thrace, Department of Economics.
• Nicholas Bloom, 2013. "Fluctuations in Uncertainty," NBER Working Papers 19714, National Bureau of Economic Research, Inc.
• Shigeto Kitano & Kenya Takaku, 2013. "External Debt and Taylor Rules in a Small Open Economy," Discussion Paper Series DP2013-36, Research Institute for Economics & Business Administration, Kobe University, revised Jan 2016.
• Adeniji, Sesan, 2013. "Exchange Rate Volatility and Inflation Upturn in Nigeria: Testing for Vector Error Correction Model," MPRA Paper 52062, University Library of Munich, Germany.
• Ragna Alstadheim, 2013. "How New Keynesian is the US Phillips curve?," Working Paper 2013/25, Norges Bank.
• Alexis Blasselle & Aurélien Poissonnier, 2013. "The frontier of indeterminacy in a neo-Keynesian model with staggered prices and wages," Working Papers hal-00915913, HAL.
• Marcel Förster, 2013. "The Great Moderation: Inventories, Shocks or Monetary Policy?," MAGKS Papers on Economics 201348, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Yaz Terajima & Jose-Victor Rios-Rull & Césaire Meh & Shutao Cao, 2013. "Demand for Liquidity and Welfare Cost of Inflation by Cohort and Age of Households," 2013 Meeting Papers 569, Society for Economic Dynamics.
• Guido Baldi & Karsten Staehr, 2013. "The European debt crisis and fiscal reaction functions in Europe 2000–2012," Bank of Estonia Working Papers wp2013-5, Bank of Estonia, revised 24 Jul 2013.
• Carlos Garcia, 2012. "Why Does Monetary Policy Respond to the Real Exchange Rate in Small Open Economies? A Bayesian Perspective," ILADES-UAH Working Papers inv287, Universidad Alberto Hurtado/School of Economics and Business.
• Giorgio Motta & Patrizio Tirelli, 2013. "Limited Asset Market Participation, Income Inequality and Macroeconomic Volatility," Working Papers 261, University of Milano-Bicocca, Department of Economics, revised Dec 2013.
• Boris Blagov, 2013. "Financial crises and time- varying risk premia in a small open economy: a Markov-Switching DSGE model for Estonia," Bank of Estonia Working Papers wp2013-8, Bank of Estonia, revised 09 Dec 2013.
• Jorg Bibow, 2013. "Lost at Sea: The Euro Needs a Euro Treasury," Economics Working Paper Archive wp_780, Levy Economics Institute.
• Yavuz Arslan, 2013. "Interest Rate Fluctuations and Equilibrium in the Housing Market," Working Papers 1343, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• S. Borağan Aruoba & Luigi Bocola & Frank Schorfheide, 2013. "Assessing DSGE Model Nonlinearities," NBER Working Papers 19693, National Bureau of Economic Research, Inc.
• Blomquist , Johan & Nordin, Martin, 2013. "Do the CAP Subsidies Increase Employment in Sweden? Estimating the Open Economy Relative Multiplier Using an Exogenous Change in the CAP," Working Papers 2013:41, Lund University, Department of Economics.
• Falko Juessen & Andreas Schabert, 2013. "Fiscal Policy, Sovereign Default, and Bailouts," Working Paper Series in Economics 67, University of Cologne, Department of Economics.
• Aurelio Bruzzo & Massimiliano Di Pace, 2013. "Il confronto tra politiche di rigore fiscale e politiche di sviluppo economico in Italia e nell'UE," Working Papers 2013222, University of Ferrara, Department of Economics.
• Qurbanalieva, Nigina, 2013. "An empirical study of factors affecting inflation in Republic of Tajikistan," MPRA Paper 51888, University Library of Munich, Germany.
• Jean-Louis COMBES & Pascale COMBES MOTEL & Alexandru MINEA & Patrick VILLIEU, 2013. "Deforestation and Seigniorage in Developing Countries: A Tradeoff?," Working Papers 201322, CERDI.
• Renato Agurto & Fernando Fuentes & Carlos Garcia & Esteban Skoknic, 2013. "Power Generation and the Business Cycle: The Impact of Delaying Investment," ILADES-UAH Working Papers inv290, Universidad Alberto Hurtado/School of Economics and Business.
• Dmitry Kulikov & Aleksei Netsunajev, 2013. "Identifying monetary policy shocks via heteroskedasticity: a Bayesian approach," Bank of Estonia Working Papers wp2013-9, Bank of Estonia, revised 09 Dec 2013.
• Phiri, Andrew, 2013. "Inflation and Economic Growth in Zambia: A Threshold Autoregressive (TAR) Econometric Approach," MPRA Paper 52093, University Library of Munich, Germany.
• Sheila C. Dow, 2013. "Framing finance: A methodological account," Working Papers PKWP1308, Post Keynesian Economics Society (PKES).
• Emmanuel Farhi & Isabel Correia & Juan Pablo Nicolini & Pedro Teles, "undated". "Unconventional Fiscal Policy at the Zero Bound," Working Paper 20945, Harvard University OpenScholar.
• Venke Furre Haaland & Kjetil Telle, 2013. "Pro-cyclical mortality. Evidence from Norway," Discussion Papers 766, Statistics Norway, Research Department.
• Sophocles Mavroeidis & Mikkel Plagborg-Møller & James H. Stock, "undated". "Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve," Working Paper 84656, Harvard University OpenScholar.
• Gianni La Cava, 2013. "Inventory Investment in Australia and the Global Financial Crisis," RBA Research Discussion Papers rdp2013-13, Reserve Bank of Australia.
• Erik Alencar de Figueiredo & Claudio Shikida & Ari Francisco Araújo Jr, 2013. "Monetary Policy, Output and Prices- Peláezs Contributions and a Sequential Multiple-horizon Non-causation Test for the period 1861-1970," Série Textos para Discussão (Working Papers) 20, Programa de Pós-Graduação em Economia - PPGE, Universidade Federal da Paraíba.
• Roman Kraussl & Andre Lucas & David R. Rijsbergen & Pieter Jelle van der Sluis & Evert B. Vrugt, 2013. "Washington Meets Wall Street: A Closer Examination of the Presidential Cylce Puzzle," LSF Research Working Paper Series 13-4, Luxembourg School of Finance, University of Luxembourg.
• Javier Bianchi & Enrique G. Mendoza, 2013. "Optimal Time-Consistent Macroprudential Policy," NBER Working Papers 19704, National Bureau of Economic Research, Inc.
• André K. Anundsen & Eilev S. Jansen, 2013. "Self-reinforcing effects between housing prices and credit: an extended version," Discussion Papers 756, Statistics Norway, Research Department.
• Item repec:aei:rpaper:39584 is not listed on IDEAS anymore

• Torben M. Andersen & Jonas Maibom & Michael Svarer & Allan Sørensen, 2013. "Do Business Cycles Have Long-Term Impact for Particular Cohorts?," Economics Working Papers 2013-26, Department of Economics and Business Economics, Aarhus University.
• Isaac Gross & James Hansen, 2013. "Reserves of Natural Resources in a Small Open Economy," RBA Research Discussion Papers rdp2013-14, Reserve Bank of Australia.
• Item repec:pri:indrel:dsp01th83kz40p is not listed on IDEAS anymore

• Piet Clement & Ivo Maes, 2013. "The BIS and the Latin American debt crisis of the 1980s," Working Paper Research 247, National Bank of Belgium.
• Max Gillman & Michal Kejak, 2013. "Tax Evasion, Human Capital, and Productivity Induced Tax Rate Reduction," Working Papers 1001, University of Missouri-St. Louis, Department of Economics.
• Marek Dabrowski, 2013. "When will the global economy return to rapid growth?," CASE Network E-briefs 4, CASE-Center for Social and Economic Research.
• Mazhar Waseem, 2013. "Taxes, Informality and Income Shifting: Evidence from a Recent Pakistani Tax Reform," 2013 Papers pwa641, Job Market Papers.
• Chionis, Dionisios & Pragidis, Ioannis & Schizas, Panagiotis, 2013. "The Determinants of Greek Bond Yields: An Empirical Study Before and During the Crisis," DUTH Research Papers in Economics 6-2013, Democritus University of Thrace, Department of Economics.
• Tavassoli, Sam & Kianian, Babak & Larsson, Tobias C., 2013. "Manufacturing Renaissance: Return of manufacturing to western countries," Working Papers 2013/04, Blekinge Institute of Technology, Department of Industrial Economics.
• Merike Kukk & Karsten Staehr, 2013. "Income underreporting by households with business income. Evidence from Estonia," Bank of Estonia Working Papers wp2013-6, Bank of Estonia, revised 26 Jul 2013.
• Dean Karlan & Adam Osman & Jonathan Zinman, 2013. "Follow the Money: Methods for Identifying Consumption and Investment Responses to a Liquidity Shock," NBER Working Papers 19696, National Bureau of Economic Research, Inc.
• Simona Cociuba & Malik Shukayev & Alexander Ueberfeldt, 2013. "Interest Rate Policy and Financial Regulation: How to Control Excessive Risk Taking?," 2013 Meeting Papers 584, Society for Economic Dynamics.
• Dan Usher, 2013. "Two Sources Of Bias In Estimating The Peak Of The Laffer Curve," Working Paper 1320, Economics Department, Queen's University.
• Karel Mertens, 2013. "Marginal Tax Rates and Reported Incomes: New Time Series Evidence," 2013 Meeting Papers 574, Society for Economic Dynamics.
• K. Brunner & A. Meltzer, "undated". "Reputational Constraints on Monetary Policy," Working Paper 33690, Harvard University OpenScholar.
• Massimo Florio, 2013. "Privatizzazioni e debito pubblico," Working Papers 201304, CSIL Centre for Industrial Studies.
• Hemantha Kumara & Nawalage S. Cooray, 2013. "Public Debt and Economic Growth in Sri Lanka: Is There Any Threshold Level for Pubic Debt?," Working Papers EMS_2013_22, Research Institute, International University of Japan.
• Subacchi, Paola, 2013. "Expanding Beyond Borders: The Yen and the Yuan," ADBI Working Papers 450, Asian Development Bank Institute.
• Farley Grubb, 2013. "Colonial New Jersey's Paper Money Regime, 1709-1775: A Forensic Accounting Reconstruction of the Data," NBER Working Papers 19710, National Bureau of Economic Research, Inc.
• Kenneth N. Kuttner & Ilhyock Shim, 2013. "Can Non-Interest Rate Policies Stabilize Housing Markets? Evidence from a Panel of 57 Economies," NBER Working Papers 19723, National Bureau of Economic Research, Inc.
• Mark Aguiar & Manuel Amador, 2013. "Take the Short Route: How to Repay and Restructure Sovereign Debt with Multiple Maturities," NBER Working Papers 19717, National Bureau of Economic Research, Inc.
• Cândida Ferreira, 2013. "Bank performance and economic growth: evidence from Granger panel causality estimations," Working Papers Department of Economics 2013/21, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
• Gabriel Chodorow-Reich & Loukas Karabarbounis, "undated". "The Cyclicality of the Opportunity Cost of Employment," Working Paper 126541, Harvard University OpenScholar.
• Maurice Obstfeld & Kenneth Rogoff & Ben Bernanke & Kenneth Rogoff, "undated". "The Six Major Puzzles in International Macroeconomics: Is there a Common Cause?," Working Paper 32326, Harvard University OpenScholar.
• Emmanuel Farhi & Ivan Werning, "undated". "Dilemma not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows," Working Paper 133566, Harvard University OpenScholar.
• Jennie Bai & Thomas Philippon & Alexi Savov, 2013. "Have Financial Markets Become More Informative?," NBER Working Papers 19728, National Bureau of Economic Research, Inc.
• Bruno Bonizzi, 2013. "Capital Flows to Emerging Markets: An alternative Theoretical Framework," Working Papers 186, Department of Economics, SOAS University of London, UK.
• Ioannidis, Yiorgos, 2013. "Η κρυφή ανεργία στην Ελλάδα / Hidden Unemployment in Greece [Hidden Unemployment in Greece]," MPRA Paper 52120, University Library of Munich, Germany.
• Dumagan, Jesus C., 2013. "Relative Price Effects on Decompositions of Change in Aggregate Labor Productivity," Discussion Papers DP 2013-44, Philippine Institute for Development Studies.
• Luca Sala, 2013. "DSGE models in the frequency domain," Working Papers 504, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
• Kevin D. Hoover, 2012. "Was Harrod Right?," Center for the History of Political Economy Working Paper Series 2012-01, Center for the History of Political Economy.
• Item repec:ner:leuven:urn:hdl:123456789/426767 is not listed on IDEAS anymore

• Chaudhuri, Sarbajit, 2013. "Foreign capital, Non-Traded Goods and Welfare in a Developing Economy in the presence of Externalities," MPRA Paper 52140, University Library of Munich, Germany.
• Item repec:ehu:ikerla:11103 is not listed on IDEAS anymore

• Ioannidis, Yiorgos, 2013. "The peculiar distributional character of the Greek taxation system (1995‐2008) and the reform that never took place," MPRA Paper 52121, University Library of Munich, Germany.
• Paolo Pini, 2013. "Legge di stabilita' 2014-2016: le regole europee programmano la depressione," Working Papers 2013212, University of Ferrara, Department of Economics.
• Dale W. Jorgenson & Marcel P. Timmer, "undated". "Structural Change in Advanced Nations," Working Paper 13525, Harvard University OpenScholar.
• Xavier Timbeau, 2013. "La crise sur plateau : Perspectives 2013-2014 pour l'économie mondiale," SciencePo Working papers Main hal-01025085, HAL.
• Deborah A. Cobb-Clark & Sonja C. Kassenboehmer & Mathias G. Sinning, 2013. "Locus of Control and Savings," Melbourne Institute Working Paper Series wp2013n42, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
• Öner, Özge, 2013. "RETURNS TO LOCATION IN RETAIL: Investigating the relevance of market size and regional hierarchy," Working Paper Series in Economics and Institutions of Innovation 336, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
• Peter Neary & James E. Anderson, 2013. "Revenue Tariff Reform," Economics Series Working Papers 688, University of Oxford, Department of Economics.
• Philip Pilkington, 2013. "The Continued Relevance of Tax-backed Bonds in a Post-OMT Eurozone," Economics Policy Note Archive 13-10, Levy Economics Institute.
• Robert J. Barro & Tao Jin, "undated". "On the Size Distribution of Macroeconomic Disasters," Working Paper 115416, Harvard University OpenScholar.
• Rolf Aaberge & Anthony B. Atkinson & Jørgen Modalsli, 2013. "The ins and outs of top income mobility," Discussion Papers 762, Statistics Norway, Research Department.
• Ioannidis, Yiorgos, 2013. "Ο Ιδιότυπός Διανεμητικός Χαρακτήρας Του Ελληνικού Φορολογικού Συστήματος (1995-2008) Και Η Αναγκαία Μεταρρύθμιση Που Ποτέ Δεν Έγινε [The peculiar distributional character of the Greek taxation syst," MPRA Paper 52122, University Library of Munich, Germany.
• Povilas Lastauskas, 2013. "Europe's Revolving Doors: Import Competition and Endogenous Firm Entry Institutions," Kiel Advanced Studies Working Papers 464, Kiel Institute for the World Economy.
• Thomas von Brasch, 2013. "The cost-of-living index with trade barriers," Discussion Papers 751, Statistics Norway, Research Department.
• Masao Ogaki & Bruce E. Hansen & Ippei Fujiwara & Hyeongwoo Kim, 2013. "Purchasing power parity and the Taylor rule," AJRC Working Papers 1305, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
• Bertola, Giuseppe & Koeniger, Winfried, 2013. "Hidden insurance in a moral hazard economy," CFS Working Paper Series 2013/25, Center for Financial Studies (CFS).
• Wiroy Shin, 2013. "Simultaneous auctions for complementary goods," Papers 1312.2641, arXiv.org.
• Item repec:hal:journl:dumas-00906310 is not listed on IDEAS anymore

• Item repec:hal:wpaper:hal-00916328 is not listed on IDEAS anymore

• Umapathi, Nithin & Wang, Dewen & O'Keefe, Philip, 2013. "Eligibility thresholds for minimum living guarantee programs : international practices and implications for China," Social Protection Discussion Papers and Notes 83118, The World Bank.
• Item repec:hal:wpaper:hal-00916674 is not listed on IDEAS anymore

• Robin Greenwood & Andrei Shleifer, "undated". "Expectations of Returns and Expected Returns," Working Paper 102501, Harvard University OpenScholar.
• Valerii Salov, 2013. "Optimal Trading Strategies as Measures of Market Disequilibrium," Papers 1312.2004, arXiv.org.
• João Carlos Graça & João Carlos Lopes & Cláudia Niza, 2013. "Values, beliefs and economic behaviors: a regional approach," Working Papers Department of Economics 2013/25, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.