Report NEP-MAC-2014-11-17

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:

• Bernd Hayo & Britta Niehof, 2014. "Monetary and Fiscal Policy in Times of Crises: A New Keynesian Perspective in Continuous Time," MAGKS Papers on Economics 201455, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Manai Daboussi, Olfa, 2014. "Inflation Targeting As a Monetary Policy Rule: Experience and Prospects," MPRA Paper 59336, University Library of Munich, Germany, revised 14 Oct 2014.
• Andersson, Fredrik N. G. & Jonung, Lars, 2014. "The Return of the Original Phillips curve? An Assessment of Lars E. O. Svensson's Critique of the Riksbank's Inflation Targeting, 1997-2012," Working Papers 2014:28, Lund University, Department of Economics, revised 10 Dec 2015.
• Shujaat Khan & Edward S. Knotek, 2014. "Drifting Inflation Targets and Monetary Stagflation," Working Papers (Old Series) 1426, Federal Reserve Bank of Cleveland.
• Jianjun Miao & Pengfei Wang & Tao Zha, 2014. "Liquidity Premia, Price-Rent Dynamics, and Business Cycles," FRB Atlanta Working Paper 2014-15, Federal Reserve Bank of Atlanta.
• Jordi Galí, 2014. "The Effects of a Money-Financed Fiscal Stimulus," Working Papers 786, Barcelona School of Economics.
• Nicolas Cachanosky & Andreas Hoffmann, 2014. "Monetary Policy, the Composition of GDP, and Crisis Duration in Europe," ICER Working Papers 08-2014, ICER - International Centre for Economic Research.
• Laureys, Lien, 2014. "Optimal monetary policy in the presence of human capital depreciation during unemployment," Bank of England working papers 514, Bank of England.
• Valdivia, Daney & Pérez, Danyira, 2013. "Dinámica económica y coordinación de políticas fiscal – monetaria en América Latina: Evaluación a través de una DSGE [Dynamic economic and coordination on fiscal – monetary policies in Latin Améric," MPRA Paper 51562, University Library of Munich, Germany.
• Augustyniak, Hanna & Łaszek, Jacek & Olszewski, Krzysztof & Waszczuk, Joanna, 2014. "Housing market cycles – a disequilibrium model and its application to the primary housing market in Warsaw," MPRA Paper 59018, University Library of Munich, Germany.
• Faul, Joseph & Khumalo, Bridgette & Pashe, Mpho & Khuzwayo, Miranda & Banda, Kamogelo & Jali, Senzo & Myeni, Bathandekile & Pule, Retlaodirela & Mosito, Boitshoko & Jack, Lona-u-Thando & Phiri, Andrew, 2014. "Is South Africa's inflation target too persistent for monetary policy conduct?," MPRA Paper 58233, University Library of Munich, Germany.
• Wesselbaum, Dennis, 2014. "Sectoral Labor Market Effects of Fiscal Spending," MPRA Paper 58761, University Library of Munich, Germany.
• Sebastiaan Pool & Leo de Haan & Jan Jacobs, 2014. "Loan loss provisioning, bank credit and the real economy," DNB Working Papers 445, Netherlands Central Bank, Research Department.
• Carvallo, Oscar & Pagliacci, Carolina, 2013. "Macroeconomic Shocks, Housing Market and Banks’ Performance in Venezuela," MPRA Paper 58711, University Library of Munich, Germany, revised Jul 2014.
• Buiter, Willem, 2014. "Central Banks: Powerful, Political and Unaccountable?," MPRA Paper 59477, University Library of Munich, Germany.
• Ansgar Belke & Timo Baas, 2014. "Labor Market Reforms and Current Account Imbalances – Beggar-thy-neighbor Policies in a Currency Union?," ROME Working Papers 201407, ROME Network.
• David Cook & Michael B. Devereux, 2014. "Exchange rate flexibility under the zero lower bound," Globalization Institute Working Papers 198, Federal Reserve Bank of Dallas.
• Alexandre Janiaka & Paulo Santos Monteiro, 2014. "Towards a quantitative theory of automatic stabilizers: the role of demographics," Discussion Papers 14/23, Department of Economics, University of York.
• Anil Kumar & Pia M. Orrenius, 2014. "A closer look at the Phillips curve using state-level data," Working Papers 1409, Federal Reserve Bank of Dallas.
• Yashin, Pete, 2014. "The Golden Rule of Capital Accumulation and Global Recession. Aggregate Production Function and the Cambridge Capital Controversy," MPRA Paper 58570, University Library of Munich, Germany.
• International Monetary Fund, 2014. "Vietnam; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/311, International Monetary Fund.
• Acevedo Rueda, Rafael Alexis & Mora Mora, José U. & Harmath Fernández, Pedro Alexander, 2012. "La brecha del producto y el producto potencial en Venezuela: una estimación SVAR [Output Gap and Potential GDP in Venezuela: A SVAR Estimation]," MPRA Paper 58691, University Library of Munich, Germany, revised 2013.
• Masih, Mansur & AbdulKarim, Fatima, 2014. "Dynamic causal chain of money, output, interest rate, exchange rate and prices: Nigeria as a case study," MPRA Paper 58240, University Library of Munich, Germany.
• Steven Ongena & Ibolya Schindele & Dzsamila Vonnak, 2014. "In Lands of Foreign Currency Credit, Bank Lending Channels Run Through? The Effects of Monetary Policy at Home and Abroad on the Currency Denomination of the Supply of Credit," CERS-IE WORKING PAPERS 1424, Institute of Economics, Centre for Economic and Regional Studies.
• Guérin, Pierre & Leiva-Leon, Danilo, 2014. "Model Averaging in Markov-Switching Models: Predicting National Recessions with Regional Data," MPRA Paper 59361, University Library of Munich, Germany.
• Kang, Wensheng & Ratti, Ronald A. & Vespignani, Joaquin L., 2014. "Liquidity expansion in China and the U.S. economy," MPRA Paper 59338, University Library of Munich, Germany.
• Ferrari, Massimo, 2014. "The financial meltdown: a model with endogenous default probability," MPRA Paper 59419, University Library of Munich, Germany.
• Jan Klacso, 2014. "Macro Stress Testing Framework at the National Bank of Slovakia," Working and Discussion Papers PP 1/2014, Research Department, National Bank of Slovakia.
• Ratti, Ronald A. & Vespignani, Joaquin L., 2014. "Oil prices and the economy: A global perspective," MPRA Paper 59407, University Library of Munich, Germany.
• Estrada, Fernando & González, Jorge Iván, 2014. "Tax Power and Economics," MPRA Paper 59075, University Library of Munich, Germany.
• Hännikäinen, Jari, 2014. "The mortgage spread as a predictor of real-time economic activity," MPRA Paper 58360, University Library of Munich, Germany.
• Song, Edward, 2014. "Technical Innovations and Banking in a Quantum Economy," MPRA Paper 58456, University Library of Munich, Germany.
• Gonul Sengul & Murat Tasci, 2014. "Unemployment Flows, Participation, and the Natural Rate for Turkey," Working Papers (Old Series) 1422, Federal Reserve Bank of Cleveland.
• Szczypińska, Agnieszka, 2014. "Does the halo effect still hold? The (post-) crisis perspective for the euro candidates," MF Working Papers 18, Ministry of Finance in Poland, revised 30 Jan 2014.
• Swastika, Purti & Dewandaru, Ginanjar & Masih, Mansur, 2013. "The Impact of Debt on Economic Growth: A Case Study of Indonesia," MPRA Paper 58837, University Library of Munich, Germany.
• Gonul Sengul & Murat Tasci, 2014. "Unemployment Flows, Participation and the Natural Rate for Turkey," Working Papers 1435, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Nannan Yuan & Shigeyuki Hamori & Wang Chen, 2014. "House Prices and Stock Prices: Evidence from a Dynamic Heterogeneous Panel in China," Discussion Papers 1428, Graduate School of Economics, Kobe University.
• Krawczyk, Jacek B. & Judd, Kenneth L., 2014. "Which economic states are sustainable under a slightly constrained tax-rate adjustment policy," MPRA Paper 59027, University Library of Munich, Germany.
• George J. Bratsiotis & William J. Tayler & Roy Zilberman, 2014. "Financial Regulation, Credit and Liquidity Policy and the Business Cycle," Centre for Growth and Business Cycle Research Discussion Paper Series 196, Economics, The University of Manchester.
• Aleksander Berentsen & Samuel Huber & Alessandro Marchesiani, 2014. "The societal benefit of a financial transaction tax," ECON - Working Papers 176, Department of Economics - University of Zurich, revised Jul 2016.
• Katharina Glass & Ulrich Fritsche, 2015. "Real-time Macroeconomic Data and Uncertainty," Macroeconomics and Finance Series 201406, University of Hamburg, Department of Socioeconomics.
• International Monetary Fund, 2014. "Kenya; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/302, International Monetary Fund.
• Saltari, Enrico & Federici, Daniela, 2014. "Elasticity of substitution and the slowdown of the Italian productivity," MPRA Paper 58302, University Library of Munich, Germany.
• Julia, Knolle, 2014. "An Empirical Comparison of Interest and Growth Rates," MPRA Paper 59520, University Library of Munich, Germany.
• Zivanemoyo Chinzara, 2014. "Financial Development and the Diffusion of Technologies under Uncertainty in Africa," Working Papers 472, Economic Research Southern Africa.
• Byrne, Joseph P & Korobilis, Dimitris & Ribeiro, Pinho J, 2014. "On the Sources of Uncertainty in Exchange Rate Predictability," MPRA Paper 58956, University Library of Munich, Germany.
• International Monetary Fund, 2014. "Central African Economic and Monetary Community (CEMAC); Selected Issues," IMF Staff Country Reports 14/305, International Monetary Fund.
• Zhijian Wang & Bin Xu, 2014. "Cycling in stochastic general equilibrium," Papers 1410.8432, arXiv.org.
• Ruja, Catalin, 2014. "Macro Stress-Testing Credit Risk in Romanian Banking System," MPRA Paper 58244, University Library of Munich, Germany.
• Maito, Esteban Ezequiel, 2014. "Income distribution, turnover speed and profit rate in Japan, Chile, Netherlands and United States," MPRA Paper 59283, University Library of Munich, Germany.
• Bouoiyour, Jamal & Selmi, Refk, 2014. "The Nexus between Inflation and Inflation Uncertainty via Wavelet Approach: Some Lessons from Egyptian Case," MPRA Paper 59560, University Library of Munich, Germany, revised Oct 2014.
• Markus K. Brunnermeier & Isabel Schnabel, 2014. "Bubbles and Central Banks: Historical Perspectives," Working Papers 1411, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 31 Oct 2014.
• Raphael A. Auer & Aaron Mehrotra, 2014. "Trade linkages and the globalisation of inflation in Asia and the Pacific," Working Papers 2014-05, Swiss National Bank.
• Gabriele Galati & Richhild Moessner, 2014. "What do we know about the effects of macroprudential policy?," DNB Working Papers 440, Netherlands Central Bank, Research Department.
• Julie L. Hotchkiss & Robert E. Moore & Fernando Rios-Avila, 2014. "Family Welfare and the Great Recession," FRB Atlanta Working Paper 2014-10, Federal Reserve Bank of Atlanta.
• Laura Carvalho & Armon Rezai, 2014. "Personal Income Inequality and Aggregate Demand," Working Papers, Department of Economics 2014_23, University of São Paulo (FEA-USP).
• Femke De Keulenaer & Jan-Emmanuel De Neve & Georgios Kavetsos & Michael I. Norton & Bert Van Landeghem & George W. Ward, 2014. "The Asymmetric Experience of Positive and Negative Economic Growth: Global Evidence Using Subjective Well-Being Data," CEP Discussion Papers dp1304, Centre for Economic Performance, LSE.
• William Roberds & Francois R. Velde, 2014. "Early Public Banks," FRB Atlanta Working Paper 2014-9, Federal Reserve Bank of Atlanta.
• Sebastian Gechert & Ansgar Rannenberg, 2014. "Are Fiscal Multipliers Regime-Dependent? A Meta Regression Analysis," IMK Working Paper 139-2014, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Michael P. Clements, 2014. "Do US Macroeconomic Forecasters Exaggerate Their Differences?," ICMA Centre Discussion Papers in Finance icma-dp2014-10, Henley Business School, University of Reading.
• Item repec:hhs:bofitp:2014_018 is not listed on IDEAS anymore

• Alonso Ortiz, Jorge, 2014. "Social Security and Retirement across the OECD," MPRA Paper 59614, University Library of Munich, Germany.
• -, Anurag, 2012. "Dollarization:Demand of time or the result of mismanagement of economy," MPRA Paper 58619, University Library of Munich, Germany.
• Takumah, Wisdom, 2014. "The Dynamic Causal Relationship between Government Revenue and Government Expenditure Nexus in Ghana," MPRA Paper 58579, University Library of Munich, Germany.
• Nalan Basturk & Pinar Ceyhan & Herman K. van Dijk, 2014. "Bayesian Forecasting of US Growth using Basic Time Varying Parameter Models and Expectations Data," Tinbergen Institute Discussion Papers 14-119/III, Tinbergen Institute, revised 14 Sep 2014.
• Altmann, Markus & Bartzsch, Nikolaus, 2014. "The volume of euro coins held for transaction purposes in Germany," MPRA Paper 59542, University Library of Munich, Germany.
• Swamy, Vighneswara, 2014. "Political Economy of Argentine Sovereign Debt and the Holdouts Problem," MPRA Paper 58474, University Library of Munich, Germany.
• Wang, Ping & Xie, Danyang, 2014. "Housing Dynamics: Theory Behind Empirics," MPRA Paper 59057, University Library of Munich, Germany.
• International Monetary Fund, 2014. "Guatemala; Selected Issues and Analytical Notes," IMF Staff Country Reports 14/288, International Monetary Fund.
• Manuel Bertoloto & Alberto Cavallo & Roberto Rigobon, 2014. "Using Online Prices to Anticipate Official CPI Inflation," UTokyo Price Project Working Paper Series 031, University of Tokyo, Graduate School of Economics.
• Söderlund, Bengt & Gustavsson Tingvall, Patrik, 2014. "Capital Freedom, Financial Development and Provincial Economic Growth in China," Ratio Working Papers 234, The Ratio Institute.
• Eleonora Cutrini and Giorgio Galeazzi, 2014. "Contagion in the Euro crisis: capital flows and trade linkages," Working Papers 44-2014, Macerata University, Department of Studies on Economic Development (DiSSE), revised Nov 2014.
• Asian Development Bank (ADB), 2014. "Purchasing Power Parities and Real Expenditures: A Summary Report," ADB Reports RPT146397-3, Asian Development Bank (ADB), revised 08 Jul 2014.
• International Monetary Fund, 2014. "Cyprus; Selected Issues," IMF Staff Country Reports 14/314, International Monetary Fund.
• Varelas, Erotokritos, 2014. "Bank Industry Structure and Public Debt," MPRA Paper 58437, University Library of Munich, Germany.
• Constantine, Collin, 2014. "Growth and Distribution: A Guyana Case Study," MPRA Paper 58882, University Library of Munich, Germany.
• Kal, Süleyman Hilmi & Arslaner, Ferhat & Arslaner, Nuran, 2013. "Transitional Dynamics of Oil Prices," MPRA Paper 56407, University Library of Munich, Germany.
• Roman Kräussl & Elizaveta Mirgorodskaya, 2014. "News Media Sentiment and Investor Behavior," LSF Research Working Paper Series 14-03, Luxembourg School of Finance, University of Luxembourg.
• Miguel Fuentes & Pablo Pincheira & Juan Manuel Julio & Hernán Rincón, 2014. "The effects of intraday foreign exchange market operations in Latin America: results for Chile, Colombia, Mexico and Peru," Borradores de Economia 12258, Banco de la Republica.
• Michael D. Bordo, 2014. "Lessons learned for monetary policy from the recent crisis," mBank - CASE Seminar Proceedings 130, CASE-Center for Social and Economic Research.
• Altmann, Markus & Bartzsch, Nikolaus, 2014. "Der Transaktionskassenbestand von Euro-Münzen in Deutschland [The volume of euro coins held for transaction purposes in Germany]," MPRA Paper 59545, University Library of Munich, Germany.
• Judit Temesváry, 2014. "Explaining the Differences between Local Currency versus FX-denominated Loans and Deposits in the Central-Eastern European Economies," CERS-IE WORKING PAPERS 1405, Institute of Economics, Centre for Economic and Regional Studies.
• Uluc Asyun & Ralf Hepp, 2014. "A Comparison of the Internal and External Determinants of Global Bank Loans: Evidence from Bilateral Cross- Country Data," Fordham Economics Discussion Paper Series dp2014-08, Fordham University, Department of Economics.
• Nagayasu, Jun, 2014. "Regional inflation, spatial location and the Balassa-Samuelson effect," MPRA Paper 59220, University Library of Munich, Germany.
• Nephil Matangi Maskay & Sven Steinkamp & Frank Westermann, 2014. "On Remittances, Foreign Currency Exposure and Credit Constraints: Evidence from Nepal," IEER Working Papers 101, Institute of Empirical Economic Research, Osnabrueck University, revised 25 Jul 2017.
• Kakarot-Handtke, Egmont, 2014. "The Three Fatal Mistakes of Yesterday Economics: Profit, I=S, Employment," MPRA Paper 58253, University Library of Munich, Germany.
• Jan Behringer & Thomas Theobald & Till van Treeck, 2014. "Income and Wealth Distributionin Germany: A Macro-Economic Perspective," IMK Report 99e-2014, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Reiss, Daniel Gersten, 2014. "Invoice Currency in Brazil," MPRA Paper 59412, University Library of Munich, Germany.
• Alonso-Ortiz, Jorge & Leal Ordonez, Julio, 2014. "Cross-subsidies, and the elasticity of informality to social expenditures," MPRA Paper 59613, University Library of Munich, Germany.
• International Monetary Fund, 2014. "Sierra Leone; Ad Hoc Review Under the Extended Credit Facility Arrangement and Request for Augmentation of Access, Modification of Performance Criteria, and Financing Assurances Review," IMF Staff Country Reports 14/300, International Monetary Fund.
• Leon, Jorge & Vega, Melissa, 2013. "What is driving the Capital Inflows to Costa Rica? Risk Premium and Interest Rate Differentials," MPRA Paper 59215, University Library of Munich, Germany.
• Felix Lopez Martinez & Engelbert Stockhammer, 2014. "A Post-Keynesian response to Piketty's 'fundamental contradiction of capitalism'," Working Papers PKWP1411, Post Keynesian Economics Society (PKES).
• Item repec:hhs:bofrdp:2014_025 is not listed on IDEAS anymore

• Luminita Stevens, 2014. "Sticky Multiple-Price Policies," 2014 Meeting Papers 406, Society for Economic Dynamics.
• David M. Woodruff, 2014. "Governing by Panic: The Politics of the Eurozone Crisis," LEQS – LSE 'Europe in Question' Discussion Paper Series 81, European Institute, LSE.
• Hirbod Assa & Nikolay Gospodinov, 2014. "Hedging and Pricing in Imperfect Markets under Non-Convexity," FRB Atlanta Working Paper 2014-13, Federal Reserve Bank of Atlanta.
• Masih, Mansur & Majid, Hamdan Abdul, 2013. "Stock Price and Industrial Production in Developing Countries: A Dynamic Heterogeneous Panel Analysis," MPRA Paper 58308, University Library of Munich, Germany.
• Marianne Bitler & Hilary Hoynes & Elira Kuka, 2014. "Child Poverty and the Great Recession in the United States," Papers inwopa724, Innocenti Working Papers.
• International Monetary Fund, 2014. "St. Kitts and Nevis; Ninth and Final Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criterion, and Proposal for Post-Program Monitoring," IMF Staff Country Reports 14/297, International Monetary Fund.
• Baldwin, John R. & Gu, Wulong & Liu, Huju, 2014. "L'intensite de l'investissement au Canada et aux Etats-Unis, 1990 a 2011," Serie de documents de recherche sur l'analyse economique (AE) 2014095f, Statistics Canada, Direction des etudes analytiques.
• Swamy, Vighneswara & B K, Tulasimala, 2013. "Women Financing and Household Economics," MPRA Paper 50351, University Library of Munich, Germany.
• Taniguchi, Kiyoshi & Tuwo, Alika, 2014. "New Evidence on the Gender Wage Gap in Indonesia," ADB Economics Working Paper Series 404, Asian Development Bank.
• Takumah, Wisdom, 2014. "Tax Revenue and Economic Growth in Ghana: A Cointegration Approach," MPRA Paper 58532, University Library of Munich, Germany.
• Sonora, Robert, 2014. "Institutions and Economic Performance in Mexican States," MPRA Paper 58368, University Library of Munich, Germany, revised 15 Jun 2014.
• Leszczyński, Robert & Olszewski, Krzysztof, 2014. "Panel analysis of home prices in the primary and secondary market in 17 largest cities in Poland," MPRA Paper 59017, University Library of Munich, Germany.
• Hakobyan, Lilit, 2014. "Essays on Growth and Political Transition," Umeå Economic Studies 893, Umeå University, Department of Economics.
• Haliassos, Michael & Jansson, Thomas & Karabulut, Yigitcan, 2014. "Incompatible European Partners? Cultural Predispositions and Household Financial Behavior," Working Paper Series 285, Sveriges Riksbank (Central Bank of Sweden), revised 01 Jan 2015.
• Item repec:hhs:bofrdp:2014_018 is not listed on IDEAS anymore

• Cao, Jin & Chollete, Loran, 2014. "Capital Adequacy and Liquidity in Banking Dynamics: Theory and Regulatory Implications," UiS Working Papers in Economics and Finance 2014/16, University of Stavanger.
• Xuan Tam & Eric Young & bo sun, 2014. "Regulatory Intensity, Crash Risk, and the Business Cycle," 2014 Meeting Papers 416, Society for Economic Dynamics.
• Litina, Anastasia & Palivos, Theodore, 2014. "Corruption, Tax Evasion and Social Values," MPRA Paper 58438, University Library of Munich, Germany.
• E. Roy Weintraub, 2014. "Introduction: Telling the Story of MIT Economics in the Postwar Period," Center for the History of Political Economy Working Paper Series 2014-14, Center for the History of Political Economy.
• Rik de Boer & Rosamaria Bitetti, 2014. "A Revival of the Private Rental Sector of the Housing Market?: Lessons from Germany, Finland, the Czech Republic and the Netherlands," OECD Economics Department Working Papers 1170, OECD Publishing.