Report NEP-MAC-2014-08-20

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:

• Sunanda Sen & Zico DasGupta, 2014. "Economic Policy in India: For Economic Stimulus, or for Austerity and Volatility?," Economics Working Paper Archive wp_813, Levy Economics Institute.
• Mikhail Khromov, 2014. "Russia’s Banking Sector in 2013," Published Papers 185, Gaidar Institute for Economic Policy, revised 2014.
• Samuel Wills, 2012. "Optimal Monetary Responses to Oil Discoveries," Discussion Papers 1408, Centre for Macroeconomics (CFM), revised Apr 2014.
• Oliver Landmann, 2014. "EMU and the Cyclical Behavior of Fiscal Policy: A Suggested Interpretation," Discussion Paper Series 29, Department of International Economic Policy, University of Freiburg, revised Aug 2014.
• Martin F. Hellwig, 2014. "Financial Stability, Monetary Policy, Banking Supervision, and Central Banking," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2014_09, Max Planck Institute for Research on Collective Goods.
• Jang-Ting Guo & Anca-Ioana Sirbu & Mark Weder, 2012. "News about Aggregate Demand and the Business Cycle," Working Papers 12-02, Department of Economics, West Virginia University.
• Ansgar Belke, 2014. "Non-Standard Monetary Policy Measures – Magic Wand or Tiger by the Tail?," ROME Working Papers 201403, ROME Network.
• Christophe Blot & Jerome Creel & Paul Hubert & Fabien Labondance & Francesco Saraceno, 2013. "Assessing the Link between Price and Financial Stability," Working papers wpaper33, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
• Mariano Kulish & James Morley & Tim Robinson, 2014. "Estimating the Expected Duration of the Zero Lower Bound in DSGE Models with Forward Guidance," Melbourne Institute Working Paper Series wp2014n16, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
• Neville Francis & Laura E. Jackson & Michael T. Owyang, 2014. "How Has Empirical Monetary Policy Analysis Changed After the Financial Crisis?," Working Papers 2014-19, Federal Reserve Bank of St. Louis.
• Simon Wren-Lewis & Jonathan Portes, 2014. "Issues in the Design of Fiscal Policy Rules," Economics Series Working Papers 704, University of Oxford, Department of Economics.
• Luci Alessi & Eric Ghysels & Luca Onorante & Richard Peach & Simon M. Potter, 2014. "Central bank macroeconomic forecasting during the global financial crisis: the European Central Bank and Federal Reserve Bank of New York experiences," Staff Reports 680, Federal Reserve Bank of New York.
• Bamikole, Oluwafemi, 2013. "The Habit Persistence Hypothesis: Empirical Evidence from Jamaica," MPRA Paper 57077, University Library of Munich, Germany.
• Kari Heimonen & Aleksandra Maslowska-Jokinen, 2014. "Central bank independence and sovereign debt crisis. Any link?," Discussion Papers 93, Aboa Centre for Economics.
• Layal Mansour, 2014. "The Power of International Reserves: the impossible trinity becomes possible," Working Papers 1420, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
• Fabrizio Coricelli & Riccardo Fiorito, 2013. "Myths and Facts about Fiscal Discretion: A New Measure of Discretionary Expenditure," Working Papers LuissLab 13106, Dipartimento di Economia e Finanza, LUISS Guido Carli.
• Florina-Cristina Badarau & Florence Huart & Ibrahima Sangaré, 2013. "Indebtedness and macroeconomic imbalances in a monetary-union DSGE model," Working Papers hal-00996622, HAL.
• International Monetary Fund, 2014. "Ghana; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/129, International Monetary Fund.
• Pierre MANDON, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," Working Papers 201414, CERDI.
• Helios Herrera & Guillermo Ordoñez & Christoph Trebesch, 2014. "Political Booms, Financial Crises," PIER Working Paper Archive 14-024, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Belén Nieto & Alfonso Novales Cinca & Gonzalo Rubio, 2014. "Macroeconomic and Financial Determinants of the Volatility of Corporate Bond Returns," Documentos de Trabajo del ICAE 2014-25, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
• International Monetary Fund, 2014. "Peru; Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 14/21, International Monetary Fund.
• Arseny Mamedov, 2014. "Analysis of the main parameters of the federal budget of the RF in 2009-2013 and for the period 2014-2016," Published Papers 188, Gaidar Institute for Economic Policy, revised 2014.
• Item repec:ipg:wpaper:2014-452 is not listed on IDEAS anymore

• Stephen Hansen & Michael McMahon & Andrea Prat, 2014. "Transparency and Deliberation within the FOMC: A Computational Linguistics Approach," CEP Discussion Papers dp1276, Centre for Economic Performance, LSE.
• Item repec:ipg:wpaper:2014-442 is not listed on IDEAS anymore

• Anton Korinek & Alp Simsek, 2014. "Liquidity Trap and Excessive Leverage," IMF Working Papers 14/129, International Monetary Fund.
• Asian Development Bank (ADB), 2012. "Sri Lanka Quarterly Economic - July 2012," ADB Reports RPS125132, Asian Development Bank (ADB), revised 13 Nov 2012.
• Guangling Dave Liu, 2014. "The Welfare Cost of Sovereign Default and Liquidity Injections," Working Papers 439, Economic Research Southern Africa.
• Cristiano Cantore & Paul Levine & Joseph Pearlman & Bo Yang, 2014. "CES Technology and Business Cycle Fluctuations," School of Economics Discussion Papers 0414, School of Economics, University of Surrey.
• Theodore Panagiotidis & Gianluigi Pelloni, 2014. "Asymmetry and Lilien's Sectoral Shifts Hypothesis: A Quantile Regression Approach," Working Paper series 15_14, Rimini Centre for Economic Analysis.
• Arseny Mamedov, 2014. "Key trends in the development of the budgetary system of the Russian Federation in 2013," Published Papers 187, Gaidar Institute for Economic Policy, revised 2014.
• Daniel K. Tarullo, 2014. "Monetary Policy and Financial Stability : A speech at the 30th Annual National Association for Business Economics Economic Policy Conference, Arlington, Virginia, February 25, 2014," Speech 793, Board of Governors of the Federal Reserve System (U.S.).
• Shawkat Hammoudeh & Duc Khuong Nguyen & Ricardo M. Sousa, 2014. "US Monetary Policy and Commodity Sector Prices," Working Papers 2014-438, Department of Research, Ipag Business School.
• Contreras Juan & Battelle Holly, 2014. "Fiscal Multipliers in a Panel of Countries," Working Papers 2014-15, Banco de México.
• Richard Wood, 2014. "Europe, USA and Japan Recent Macroeconomic Policy Errors and a Way Forward," Discussion Papers Series 530, School of Economics, University of Queensland, Australia.
• International Monetary Fund, 2014. "Paraguay; 2013 Article IV Consultation-Staff Report; Press Release," IMF Staff Country Reports 14/60, International Monetary Fund.
• Margarta Rubio, 2014. "Rented vs. Owner-Occupied Housing and Monetary Policy," Discussion Papers 2014/09, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
• Elizondo Rocío, 2013. "Forecasting the Term Structure of Interest Rates in Mexico Using an Affine Model," Working Papers 2013-03, Banco de México.
• Hideaki Hirata, "undated". "Preference Shocks, International Frictions, and International Business Cycles," Working Paper 187751, Harvard University OpenScholar.
• Christos Koulovatianos & Carsten Schröder & Ulrich Schmidt, 2014. "Confronting the Representative Consumer with Household-Size Heterogeneity," DEM Discussion Paper Series 14-13, Department of Economics at the University of Luxembourg.
• Ana B. Galvão & Michael T. Owyang, 2014. "Financial stress regimes and the macroeconomy," Working Papers 2014-20, Federal Reserve Bank of St. Louis.
• Eduardo Olaberría, 2014. "US Long Term Interest Rates and Capital Flows to Emerging Economies," OECD Economics Department Working Papers 1155, OECD Publishing.
• Jean-Bernard Chatelain & Kirsten Ralf, 2014. "Stability and Identification with Optimal Macroprudential Policy Rules," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00978145, HAL.
• International Monetary Fund, 2014. "Algeria; Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 14/32, International Monetary Fund.
• International Monetary Fund, 2014. "Republic of Azerbaijan; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/159, International Monetary Fund.
• International Monetary Fund, 2014. "Republic of Lithuania; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/113, International Monetary Fund.
• Janet L. Yellen, 2014. "Monetary Policy and the Economic Recovery : a speech at the Economic Club of New York, New York, New York , April 16, 2014," Speech 803, Board of Governors of the Federal Reserve System (U.S.).
• William Dudley, 2014. "Update on economic and fiscal conditions in Puerto Rico," Speech 138, Federal Reserve Bank of New York.
• Pierre-Richard Agénor & K. Alper & L. Pereira da Silva, 2014. "Sudden Floods, Macroprudential Regulation and Stability in an Open Economy," Centre for Growth and Business Cycle Research Discussion Paper Series 191, Economics, The University of Manchester.
• International Monetary Fund, 2014. "Sudan; Staff-Monitored Program," IMF Staff Country Reports 14/203, International Monetary Fund.
• International Monetary Fund, 2014. "Chile; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/218, International Monetary Fund.
• International Monetary Fund, 2014. "Botswana; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/204, International Monetary Fund.
• Leena Rudanko, 2014. "Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?," 2014 Meeting Papers 149, Society for Economic Dynamics.
• Peter Spahn, 2014. "Böhm-Bawerk und die Anfänge der monetären Zinstheorie," ROME Working Papers 201404, ROME Network.
• International Monetary Fund, 2014. "Switzerland; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/142, International Monetary Fund.
• International Monetary Fund, 2014. "Solomon Islands; Staff Report for the 2013 Article IV consultation and Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criterion," IMF Staff Country Reports 14/12, International Monetary Fund.
• International Monetary Fund, 2014. "Nepal; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/214, International Monetary Fund.
• James B. Bullard, 2014. "Income inequality and monetary policy: a framework with answers to three questions," Speech 235, Federal Reserve Bank of St. Louis.
• Mitra Thakur, Gogol, 2013. "Policy-Induced Changes in Income Distribution and Profit-Led Growth in A Developing Economy," MPRA Paper 57779, University Library of Munich, Germany.
• International Monetary Fund, 2014. "Qatar; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/108, International Monetary Fund.
• Gerald A. Carlino & Robert P. Inman, 2014. "Macro fiscal policy in economic unions: states as agents," Working Papers 14-20, Federal Reserve Bank of Philadelphia.
• International Monetary Fund, 2014. "Kyrgyz Republic; Kyrgyz Republic—Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility," IMF Staff Country Reports 14/200, International Monetary Fund.
• Asian Development Bank (ADB), 2012. "Sri Lanka Quarterly Economic Update - April 2012," ADB Reports RPS124783, Asian Development Bank (ADB), revised 24 Sep 2012.
• Jan-David Schneider & Claude Giorno, 2014. "Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal," OECD Economics Department Working Papers 1151, OECD Publishing.
• Shawkat Hammoudeh & Michael McAleer, 2014. "Advances in Financial Risk Management and Economic Policy Uncertainty: An Overview," Tinbergen Institute Discussion Papers 14-076/III, Tinbergen Institute.
• Eaqub, Shamubeel, 2014. "The home affordability challenge," NZIER Working Paper 2014/4, New Zealand Institute of Economic Research.
• International Monetary Fund, 2014. "Panama; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/157, International Monetary Fund.
• International Monetary Fund, 2014. "Germany; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/216, International Monetary Fund.
• Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality," Working Papers hal-01015439, HAL.
• Charles Yuji Horioka, 2014. "Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans," NBER Working Papers 20158, National Bureau of Economic Research, Inc.
• Item repec:ipg:wpaper:2014-443 is not listed on IDEAS anymore

• International Monetary Fund, 2014. "Zambia; 2013 Article IV Consultation," IMF Staff Country Reports 14/5, International Monetary Fund.
• Thierry Tressel & Shengzu Wang & Joong S Kang & Jay C Shambaugh & Jörg Decressin & Petya Koeva Brooks, 2014. "Adjustment in Euro Area Deficit Countries; Progress, Challenges, and Policies," IMF Staff Discussion Notes 14/7, International Monetary Fund.
• Camille Cornand & Pauline Gandré & Céline Gimet, 2014. "Increase in home bias in the Eurozone debt crisis: the role of domestic shocks," Working Papers 1419, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
• International Monetary Fund, 2014. "Uganda; Second Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria," IMF Staff Country Reports 14/195, International Monetary Fund.
• Marie Briere & Ombretta Signori, 2013. "Hedging inflation risk in a developing economy: The case of Brazil," ULB Institutional Repository 2013/167772, ULB -- Universite Libre de Bruxelles.
• Marcelo Neri & Fabio Monteiro Vaz & Pedro Herculano Guimarães Ferreira de Souza, 2014. "The Macroeconomic Effects of Government Transfers: a Social Accounting Matrix Approach," One Pager Arabic 244, International Policy Centre for Inclusive Growth.
• International Monetary Fund, 2014. "Luxembourg; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/118, International Monetary Fund.
• International Monetary Fund, 2014. "Kingdom of Swaziland; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/223, International Monetary Fund.
• International Monetary Fund, 2014. "Barbados; Staff Report for 2013 Article IV Consultation," IMF Staff Country Reports 14/52, International Monetary Fund.
• International Monetary Fund, 2014. "Bangladesh; Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria," IMF Staff Country Reports 14/149, International Monetary Fund.
• Prince Christian Cruz & Yuning Gao & Lei Lei Song, 2014. "The People’s Republic of China’s Financial Markets : Are They Deep and Liquid Enough for Renminbi Internationalization?," Macroeconomics Working Papers 24160, East Asian Bureau of Economic Research.
• International Monetary Fund, 2014. "Republic of Palau; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/110, International Monetary Fund.
• International Monetary Fund, 2014. "Jamaica; Staff Report for the 2014 Article IV Consultation and Fourth Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria," IMF Staff Country Reports 14/169, International Monetary Fund.
• Asian Development Bank (ADB), 2013. "Pacific Economic Monitor March 2013," ADB Reports RPS135554-2, Asian Development Bank (ADB), revised 27 Jun 2013.
• International Monetary Fund, 2014. "Spain; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/192, International Monetary Fund.
• International Monetary Fund, 2014. "Republic of the Marshall Islands; Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 14/26, International Monetary Fund.
• International Monetary Fund, 2014. "Chad; Staff Report for the 2013 Article IV Consultation and Assessment of Performance Under the Staff-Monitored Program," IMF Staff Country Reports 14/100, International Monetary Fund.
• William R. Cline & Jared Nolan, 2014. "Demographic versus Cyclical Influences on US Labor Force Participation," Working Paper Series WP14-4, Peterson Institute for International Economics.
• Oliver D. Bunn & Robert J. Shiller, 2014. "Changing Times, Changing Values: A Historical Analysis of Sectors within the US Stock Market 1872-2013," NBER Working Papers 20370, National Bureau of Economic Research, Inc.
• Marcel Fratzscher, 2012. "Governance Reforms and Macroeconomic Policies in Europe," Papers and Proceedings 11859, Fondo Latino Americano de Reservas - FLAR.
• International Monetary Fund, 2014. "Republic of Poland; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/173, International Monetary Fund.
• Kyle, Steven C., 2014. "Mineral Revenues and Countercyclical Macroeconomic Policy in Kazakhstan," Working Papers 180170, Cornell University, Department of Applied Economics and Management.
• Sergey Tsukhlo, 2014. "Russian Industrial Enterprises in 2013," Published Papers 178, Gaidar Institute for Economic Policy, revised 2014.
• International Monetary Fund, 2014. "Bulgaria; Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 14/23, International Monetary Fund.
• International Monetary Fund, 2014. "Namibia; 2013 Article IV Consultation-Staff Report; Press Release," IMF Staff Country Reports 14/40, International Monetary Fund.
• Marina Mendes, 2013. "A Cross-Country Comparison of the Impact of Labor Income Tax on Female Labor Supply," Working Papers 1302, Centro de Investigacion Economica, ITAM.
• International Monetary Fund, 2014. "Pakistan; Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance of Performance Criteria," IMF Staff Country Reports 14/90, International Monetary Fund.
• David Garcia & Claudio Juan Tessone & Pavlin Mavrodiev & Nicolas Perony, 2014. "The digital traces of bubbles: feedback cycles between socio-economic signals in the Bitcoin economy," Papers 1408.1494, arXiv.org.
• International Monetary Fund, 2014. "Grenada; Staff Report for the 2014 Article IV Consultation and Request for an Extended Credit Facility Arrangement," IMF Staff Country Reports 14/196, International Monetary Fund.
• International Monetary Fund, 2014. "Republic of San Marino; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/104, International Monetary Fund.
• International Monetary Fund, 2014. "Togo; Staff Report for 2013 Article IV Consultation," IMF Staff Country Reports 14/38, International Monetary Fund.
• Daphne Chen & Shi Qi & Don E. Schlagenhauf, 2014. "Corporate income tax, legal form of organization, and employment," Working Papers 2014-18, Federal Reserve Bank of St. Louis.
• Jean Château & Bertrand Magné & Laura Cozzi, 2014. "Economic Implications of the IEA Efficient World Scenario," OECD Environment Working Papers 64, OECD Publishing.
• Entorf, Horst & Sieger, Philip, 2014. "Does the Link between Unemployment and Crime Depend on the Crime Level? A Quantile Regression Approach," IZA Discussion Papers 8334, Institute of Labor Economics (IZA).
• Erten, Irem & Okay, Nesrin, 2012. "Re-examining Turkey's trade deficit with structural breaks: Evidence from 1989-2011," MPRA Paper 56191, University Library of Munich, Germany.
• Jac C. Heckelman & Andrew T. Young, 2014. "How Global is Globalization?," Working Papers 14-08, Department of Economics, West Virginia University.
• International Monetary Fund, 2014. "Republic of Poland; Selected Issues Paper," IMF Staff Country Reports 14/174, International Monetary Fund.
• Bishnu, Monisankar & Wang, Min, 2014. "The Political Intergenerational Welfare State," Staff General Research Papers Archive 37764, Iowa State University, Department of Economics.
• Marcelo Neri & Fabio Monteiro Vaz & Pedro Herculano Guimarães Ferreira de Souza, 2014. "Les effets macroéconomiques des transferts gouvernementaux: matrice de comptabilité sociale," One Pager French 244, International Policy Centre for Inclusive Growth.
• International Monetary Fund, 2014. "St. Kitts and Nevis; Staff Report for the 2014 Article IV Consultation and the Seventh and Eighth Reviews Under the Stand-by Arrangement and Request for Waivers of Applicability and Nonobservance of P," IMF Staff Country Reports 14/86, International Monetary Fund.
• International Monetary Fund, 2014. "Jordan; Staff Report for the 2014 Article IV Consultation, Third and Fourth Reviews Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criterion and Applicability of P," IMF Staff Country Reports 14/152, International Monetary Fund.
• International Monetary Fund, 2014. "Malawi; Third and Fourth Reviews Under the Extended Credit Facility Arrangement, Request for Waivers for Non-observance of Performance Criteria, Extension of the Arrangement, Rephasing of Disbursement," IMF Staff Country Reports 14/37, International Monetary Fund.