Report NEP-MAC-2014-02-15

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:

• César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2014. "Do Good Institutions Promote Counter-cyclical Macroeconomic Policies?," Working Papers 3, Peruvian Economic Association.
• Airaudo, Marco & Olivero, María Pía, 2014. "Optimal Monetary Policy with Counter-Cyclical Credit Spreads," School of Economics Working Paper Series 2014-1, LeBow College of Business, Drexel University.
• Yi Wen, 2014. "Money, liquidity and welfare," Working Papers 2014-3, Federal Reserve Bank of St. Louis.
• Saroj Bhattarai & Gauti Eggertsson & Raphael Schoenle, 2014. "Is Increased Price Flexibility Stabilizing? Redux," NBER Working Papers 19886, National Bureau of Economic Research, Inc.
• César Carrera & Nelson Ramírez-Rondán, 2014. "Inflation, Information Rigidity, and the Sticky Information Phillips Curve," Working Papers 1, Peruvian Economic Association.
• D'Agostino, Antonello & Mendicino, Caterina, 2014. "Expectation-Driven Cycles: Time-varying Effects," MPRA Paper 53607, University Library of Munich, Germany.
• Hyeongwoo Kim, 2014. "Estimating Interest Rate Setting Behavior in Korea: An Ordered Probit Model Approach," Auburn Economics Working Paper Series auwp2014-02, Department of Economics, Auburn University.
• Valerie Grossman & Adrienne Mack & Enrique Martínez García, 2014. "A contribution to the chronology of turning points in global economic activity (1980-2012)," Globalization Institute Working Papers 169, Federal Reserve Bank of Dallas.
• Harri Kemp, 2014. "Measuring potential output for the South African economy: Embedding information about the financial cycle," Working Papers 03/2014, Stellenbosch University, Department of Economics.
• Robert King & Yang Lu & Ernesto Pastén, 2014. "Policy Design with Private Sector Skepticism in the Textbook New Keynesian Model," Working Papers Central Bank of Chile 717, Central Bank of Chile.
• Wood, richard, 2014. "Eurozone Macroeconomic Framework: Reducing Internal and External Imbalances," MPRA Paper 53569, University Library of Munich, Germany.
• Paolo Angelini & Giuseppe Grande & Fabio Panetta, 2014. "The negative feedback loop between banks and sovereigns," Questioni di Economia e Finanza (Occasional Papers) 213, Bank of Italy, Economic Research and International Relations Area.
• Rodolfo Mendez-Marcano & Jose Pineda, 2014. "Fiscal Sustainability and Economic Growth in Bolivia," Working Papers 1406, BBVA Bank, Economic Research Department.
• Claudio Borio, 2014. "Monetary policy and financial stability: what role in prevention and recovery?," BIS Working Papers 440, Bank for International Settlements.
• Chase Coleman & Kerk L. Phillips, 2014. "Business Cycle Persistence in a Model with Schumpeterian Growth and Uncorrelated Shocks," BYU Macroeconomics and Computational Laboratory Working Paper Series 2014-01, Brigham Young University, Department of Economics, BYU Macroeconomics and Computational Laboratory.
• Böhm, Volker & Claas, Oliver, 2014. "Wage Bargaining, Employment, and Union Power: The Right-to-Manage Approach," Center for Mathematical Economics Working Papers 502, Center for Mathematical Economics, Bielefeld University.
• Tim Atkin & Mark Caputo & Tim Robinson & Hao Wang, 2014. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," CAMA Working Papers 2014-11, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ronald A. Ratti & Joaquin L. Vespignani, 2014. "Commodity Prices and BRIC and G3 Liquidity: A SFAVEC Approach," CAMA Working Papers 2014-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance & Francesco Saraceno, 2014. "Assessing the link between price and financial stability," Documents de Travail de l'OFCE 2014-02, Observatoire Francais des Conjonctures Economiques (OFCE).
• Lei Fang & Jun Nie, 2014. "Human capital dynamics and the U.S. labor market," Research Working Paper RWP 13-10, Federal Reserve Bank of Kansas City.
• Zhiguo He & Arvind Krishnamurthy, 2014. "A Macroeconomic Framework for Quantifying Systemic Risk," NBER Working Papers 19885, National Bureau of Economic Research, Inc.
• Thomas A. Lubik & Christian Matthes, 2014. "Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation," CAMA Working Papers 2014-16, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ronald A. Ratti & Joaquin L. Vespignani, 2014. "Not all international monetary shocks are alike for the Japanese economy," CAMA Working Papers 2014-14, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Winkler, Adalbert, 2014. "The lender of last resort in court," Frankfurt School - Working Paper Series 207, Frankfurt School of Finance and Management.
• Sylvérie Herbert, 2014. "Econometric analysis of regime switches and of fiscal multipliers," Documents de Travail de l'OFCE 2014-01, Observatoire Francais des Conjonctures Economiques (OFCE).
• Jair N. OJeda & Julián A. Parra Polanía & Carmiña O. Vargas, 2014. "Natural-Resource Booms, Fiscal Rules and Welfare in a Small Open Economy," Borradores de Economia 807, Banco de la Republica de Colombia.
• Schleer, Frauke & Semmler, Willi, 2014. "Financial sector-output dynamics in the euro area: Non-linearities reconsidered," ZEW Discussion Papers 13-068 [rev.], ZEW - Leibniz Centre for European Economic Research.
• Miklós Antal & Jeroen van den Bergh, 2014. "Macroeconomics, Financial Crisis and the Environment: Strategies for a Sustainability Transition," WWWforEurope Policy Paper series 10, WWWforEurope.
• Simone Auer, 2014. "Monetary policy shocks and foreign investment income: evidence from a large Bayesian VAR," Globalization Institute Working Papers 170, Federal Reserve Bank of Dallas.
• Roy H Grieve, 2014. "‘Right Back Where We Started From’: from ‘the Classics’ to Keynes, and back again," Working Papers 1401, University of Strathclyde Business School, Department of Economics.
• Brümmerhoff, Dieter & Grömling, Michael, 2014. "VGR-Revision 2014: Was bedeuten die höheren Investitionen für die ökonomische Analyse?," Thuenen-Series of Applied Economic Theory 133, University of Rostock, Institute of Economics.
• Joshua C.C. Chan & Gary Koop & Simon M. Potter, 2014. "A Bounded Model of Time Variation in Trend Inflation, NAIRU and the Phillips Curve," CAMA Working Papers 2014-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Kartik B. Athreya & Juan M. Sanchez & Xuan S. Tam & Eric Young, 2014. "Labor market upheaval, default regulations, and consumer debt," Working Papers 2014-2, Federal Reserve Bank of St. Louis.
• Emi Nakamura & Jón Steinsson & Miao Liu, 2014. "Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves," NBER Working Papers 19893, National Bureau of Economic Research, Inc.
• Mark Weisbrot & Stephan Lefebvre & Joseph Sammut, 2014. "Did NAFTA Help Mexico? An Assessment After 20 Years," CEPR Reports and Issue Briefs 2014-03, Center for Economic and Policy Research (CEPR).
• Michael Ehrmann & Michael Ziegelmeyer, 2014. "Household Risk Management and Actual Mortgage Choice in the Euro Area," BCL working papers 84, Central Bank of Luxembourg.
• Gogas, Periklis & Papadimitriou , Theophilos & Matthaiou, Maria- Artemis & Chrysanthidou, Efthymia, 2014. "Yield Curve and Recession Forecasting in a Machine Learning Framework," DUTH Research Papers in Economics 8-2014, Democritus University of Thrace, Department of Economics.
• Tovonony Razafindrabe, 2014. "A multi-country DSGE model with incomplete Exchange Rate Pass-through: application for the Euro area," EconomiX Working Papers 2014-6, University of Paris Nanterre, EconomiX.
• John V. Duca, 2014. "What drives the shadow banking system in the short and long run?," Working Papers 1401, Federal Reserve Bank of Dallas.
• Ito, Hiro & Kawai, Masahiro, 2014. "Determinants of the Trilemma Policy Combination," ADBI Working Papers 456, Asian Development Bank Institute.
• Thomas Nitschka, 2014. "The Good? The Bad? The Ugly? Which news drive (co)variation in Swiss and US bond and stock excess returns?," Working Papers 2014-01, Swiss National Bank.
• BLINOV, Sergey, 2014. "Закон Оукена, Парадокс Занятости И Влияние Безработицы На Экономику Ссср И России [Okun’s Law, Employment Paradox and Impact of Unemployment on the Economy of the USSR and Russia]," MPRA Paper 53591, University Library of Munich, Germany.
• Javier García-Cicco & Markus Kirchner & Santiago Justel, 2014. "Financial Frictions and the Transmission of Foreign Shocks in Chile," Working Papers Central Bank of Chile 722, Central Bank of Chile.
• Charles I. Plosser, 2014. "Monetary policy and a brightening economy," Speech 91, Federal Reserve Bank of Philadelphia.
• Mervyn King & David Low, 2014. "Measuring the ''World'' Real Interest Rate," NBER Working Papers 19887, National Bureau of Economic Research, Inc.
• Juergen Jung & Chung Tran, 2014. "Market Inefficiency, Insurance Mandate and Welfare: U.S. Health Care Reform 2010," Working Papers 2014-01, Towson University, Department of Economics, revised Jan 2016.
• Richard W. Fisher, 2014. "Concluding remarks from a speech before the Financial Executives International," Speeches and Essays 144, Federal Reserve Bank of Dallas.
• Richard W. Fisher, 2014. "Beer goggles, monetary camels, the eye of the needle and the first law of holes (with reference to Peter Boockvar, the Book of Matthew, Sherlock Holmes, ‘The Wolf of Wall Street’ and Denis Healey)," Speeches and Essays 143, Federal Reserve Bank of Dallas.
• McCarthy, Yvonne & McQuinn, Kieran, 2013. "Price expectations, distressed mortgage markets and the housing wealth effect," Research Technical Papers 06/RT/13, Central Bank of Ireland.
• Hui He & Feng Huang & Zheng Liu & Dongming Zhu, 2014. "Breaking the “Iron Rice Bowl” and Precautionary Swings: Evidence from Chinese State-Owned Enterprises Reform," Working Paper Series 2014-4, Federal Reserve Bank of San Francisco.
• Kliber, Pawel, 2014. "Optimal consumption and investment in the economy with infinite number of consumption goods," MPRA Paper 53636, University Library of Munich, Germany.
• Ramiz Rahmanov, 2014. "Social Spending and Household Welfare: Evidence from Azerbaijan," IHEID Working Papers 02-2014, Economics Section, The Graduate Institute of International Studies.
• Philip Turner, 2014. "The global long-term interest rate, financial risks and policy choices in EMEs," BIS Working Papers 441, Bank for International Settlements.
• Rodolfo Mendez-Marcano, 2014. "Technology, Employment, and the Oil-Countries Business Cycle," Working Papers 1405, BBVA Bank, Economic Research Department.
• Conefrey, Thomas & Liebermann, Joelle, 2013. "A Monthly Business Cycle Indicator for Ireland," Economic Letters 03/EL/13, Central Bank of Ireland.
• Josh Stillwagon, 2014. "Testing the Expectations Hypothesis with Survey Forecasts: The Impacts of Consumer Sentiment and the Zero Lower Bound in an I(2) CVAR," Working Papers 1401, Trinity College, Department of Economics.
• Morten Bech & Todd Keister, 2014. "On the economics of committed liquidity facilities," BIS Working Papers 439, Bank for International Settlements.
• Claudio Borio & Piti Disyatat & Mikael Juselius, 2014. "A parsimonious approach to incorporating economic information in measures of potential output," BIS Working Papers 442, Bank for International Settlements.
• Anton A. Cheremukhin & Paulina Restrepo-Echavarria & Antonella Tutino, 2014. "A theory of targeted search," Working Papers 1402, Federal Reserve Bank of Dallas.
• Michal Jurek, 2013. "Report on the structure of ownership in the financial sector across the EU," Working papers wpaper16, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
• Nikolaus Hautsch & Fuyu Yang, 2014. "Bayesian Stochastic Search for the Best Predictors: Nowcasting GDP Growth," University of East Anglia Applied and Financial Economics Working Paper Series 056, School of Economics, University of East Anglia, Norwich, UK..
• Jens H. E. Christensen & Jose A. Lopez & Glenn D. Rudebusch, 2014. "Can Spanned Term Structure Factors Drive Stochastic Yield Volatility?," Working Paper Series 2014-3, Federal Reserve Bank of San Francisco.
• Marcus Cobb, 2014. "GDP Forecasting Bias due to Aggregation Inaccuracy in a Chain- Linking Framework," Working Papers Central Bank of Chile 721, Central Bank of Chile.
• Rodrigo Caputo & Mariel Siravegna, 2014. "RER Appreciation After the Great Recession: Misalignment or Fundamental Correction?," Working Papers Central Bank of Chile 718, Central Bank of Chile.
• Elasrag, Hussein, 2014. "دور أدوات الحوكمة في تنظيم الرقابة الشرعية و تطويرها [Role of the governance Tools in the organize and development of the Shariah supervisory system]," MPRA Paper 53489, University Library of Munich, Germany.
• Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2014. "Optimal Tax Progressivity: An Analytical Framework," Staff Report 496, Federal Reserve Bank of Minneapolis.
• Sindy Olea, 2014. "Impacto de la Sorpresa Inflacionaria en Mercado de Renta Fija y su Derivado," Economic Statistics Series 104, Central Bank of Chile.
• Kakarot-Handtke, Egmont, 2014. "Mr. Keynes, Prof. Krugman, IS-LM, and the End of Economics as We Know It," MPRA Paper 53608, University Library of Munich, Germany.
• Gabriel P. Mathy, 2014. "Uncertainty Shocks and Equity Return Jumps and Volatility During the Great Depression," Working Papers 2014-02, American University, Department of Economics.
• Santra, Swarup & Kumar, Rajesh & Bagaria, Nidhi, 2014. "Structural change of Bihar economy during 1999 to 2010: a district level analysis," MPRA Paper 53285, University Library of Munich, Germany.
• El-Baz, Osama, 2014. "Empirical Investigation of the Twin Deficits Hypothesis: The Egyptian Case (1990-2012)," MPRA Paper 53428, University Library of Munich, Germany.
• Gogas, Periklis & Papadimitriou , Theophilos & Matthaiou, Maria- Artemis, 2014. "A Novel Banking Supervision Method using a Threshold-Minimum Dominating Set," DUTH Research Papers in Economics 7-2014, Democritus University of Thrace, Department of Economics.
• Katrin Rabitsch & Serhiy Stepanchuk, 2014. "A Two Period Model with Portfolio Choice: Understanding Results from Different Solution Methods," Department of Economics Working Papers wuwp162, Vienna University of Economics and Business, Department of Economics.