Report NEP-MAC-2014-11-22

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:

• Makoto Nakajima & José-Víctor Ríos-Rull, 2014. "Credit, bankruptcy, and aggregate fluctuations," Working Papers 14-31, Federal Reserve Bank of Philadelphia.
• Jochen Michaelis & Jakob Palek, 2014. "Optimal Monetary Policy in a Currency Union: Implications of a Country-specific Cost Channel," MAGKS Papers on Economics 201444, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Ardakani, Omid & Kishor, N. Kundan, 2014. "Examining the Success of the Central Banks in Inflation Targeting Countries: The Dynamics of Inflation Gap and the Institutional Characteristics," MPRA Paper 58402, University Library of Munich, Germany.
• Simon Gilchrist & Raphael Schoenle & Jae W. Sim & Egon Zakrajsek, 2013. "Inflation Dynamics During the Financial Crisis," Working Papers 78, Brandeis University, Department of Economics and International Business School.
• Eric Mayer & Sebastian Rüth & Johann Scharler, 2014. "Total Factor Productivity and the Propagation of Shocks; Empirical Evidence and Implications for the Business Cycle," Working Papers 2014-25, Faculty of Economics and Statistics, Universität Innsbruck.
• Mohn, Klaus, 2014. "Ressursrikdom og Rikardiansk ekvivalens," UiS Working Papers in Economics and Finance 2014/20, University of Stavanger.
• Sun, Rongrong, 2014. "Review over Empirical Evidence on Real Effects of Monetary Policy," MPRA Paper 58513, University Library of Munich, Germany.
• Bonciani, Dario, 2014. "Uncertainty shocks: it's a matter of habit," MPRA Paper 59370, University Library of Munich, Germany.
• Virkola, Tuomo, 2014. "Real-Time Measures of the Output Gap and Fiscal Policy Stance," ETLA Reports 37, The Research Institute of the Finnish Economy.
• Mehmet Balcilar & Rangan Gupta & Charl Jooste, 2014. "The Role of Economic Policy Uncertainty in Forecasting US Inflation Using a VARFIMA Model," Working Papers 201460, University of Pretoria, Department of Economics.
• Torój, Andrzej, 2009. "Solving forward-looking models of cross-country adjustment within the euro area," MF Working Papers 2, Ministry of Finance in Poland, revised 04 Sep 2009.
• Juan F. Guerra-Salas, 2014. "The Reaction of Government Spending to the Business Cycle: Some International Evidence," Fordham Economics Discussion Paper Series dp2014-02, Fordham University, Department of Economics.
• Jan Willem van den End & Marco Hoeberichts, 2014. "Low real rates as driver of secular stagnation: empirical assessment," DNB Working Papers 444, Netherlands Central Bank, Research Department.
• Sushant Acharya, 2014. "Costly information, planning complementarities and the Phillips Curve," Staff Reports 698, Federal Reserve Bank of New York.
• Luís Aguiar-Conraria & Manuel M. F. Martins & Maria Joana Soares, 2016. "Estimating the Taylor Rule in the Time-Frequency Domain," CEF.UP Working Papers 1404, Universidade do Porto, Faculdade de Economia do Porto.
• Item repec:hhs:bofrdp:2014_024 is not listed on IDEAS anymore

• International Monetary Fund, 2014. "Sri Lanka; First Post-Program Monitoring Discussion," IMF Staff Country Reports 14/289, International Monetary Fund.
• Mario Forni & Luca Gambetti, 2014. "Government Spending Shocks in Open Economy VARs," Center for Economic Research (RECent) 105, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
• Barnett, William A. & Duzhak, Evgeniya A., 2014. "Structural Stability of the Generalized Taylor Rule," MPRA Paper 58737, University Library of Munich, Germany.
• Michal Bencik, 2014. "Dual regime fiscal multipliers in converging economies - a simplified STVAR approach," Working and Discussion Papers WP 2/2014, Research Department, National Bank of Slovakia.
• International Monetary Fund, 2014. "Sri Lanka; Staff Report for the 2014 Article IV Consultation and Second Post-Program Monitoring Discussion," IMF Staff Country Reports 14/285, International Monetary Fund.
• Colignatus, Thomas, 2014. "Cause and cure of the crisis," MPRA Paper 58592, University Library of Munich, Germany, revised 19 May 2010.
• Mariarosaria Comunale & Jeroen Hessel, 2014. "Current account imbalances in the Euro area: Competitiveness or financial cycle?," DNB Working Papers 443, Netherlands Central Bank, Research Department.
• Nao Sudo & Kozo Ueda & Kota Watanabe & Tsutomu Watanabe, 2014. "Working less and bargain hunting more: macro implications of sales during Japan's lost decades," Globalization Institute Working Papers 194, Federal Reserve Bank of Dallas.
• International Monetary Fund, 2014. "Saudi Arabia; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/292, International Monetary Fund.
• Item repec:spo:wpmain:info:hdl:2441/7fp8n6moep83p9otmhc28tapl4 is not listed on IDEAS anymore

• International Monetary Fund, 2014. "The Federal Democratic Republic of Ethiopia; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/303, International Monetary Fund.
• Chen, Kuan-Jen & Chu, Angus C. & Lai, Ching-Chong, 2014. "Home Production and Small Open Economy Business Cycles," MPRA Paper 59020, University Library of Munich, Germany.
• Wayne, James J., 2014. "A Scientific Macroeconomic Model Derived from Fundamental Equation of Economics," MPRA Paper 59591, University Library of Munich, Germany.
• Matthias Uhl, 2014. "State Fiscal Policies and Regional Economic Activity," MAGKS Papers on Economics 201446, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Korniluk, Dominik, 2014. "Stabilising expenditure rule in Poland – stochastic simulations for 2014-2040," MF Working Papers 19, Ministry of Finance in Poland, revised 01 Sep 2014.
• Brent Meyer & Guhan Venkatu, 2014. "Trimmed-Mean Inflation Statistics: Just Hit the One in the Middle," FRB Atlanta Working Paper 2014-3, Federal Reserve Bank of Atlanta.
• Sarolta Laczo & Raffaele Rossi, 2014. "Time-consistent consumption taxation," Working Papers 67495267, Lancaster University Management School, Economics Department.
• International Monetary Fund, 2014. "Myanmar; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/307, International Monetary Fund.
• L. Ferrara & C. Marsilli, 2014. "Nowcasting global economic growth: A factor-augmented mixed-frequency approach," Working papers 515, Banque de France.
• John B. Taylor, 2014. "The Federal Reserve in a globalized world economy," Globalization Institute Working Papers 200, Federal Reserve Bank of Dallas.
• International Monetary Fund, 2014. "Cabo Verde; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/296, International Monetary Fund.
• Natalie Tiernan & Pedro Gete, 2014. "Overlending and Macroprudential Tools," 2014 Meeting Papers 379, Society for Economic Dynamics.
• Ahrens, Steffen & Pirschel, Inske & Snower, Dennis J., 2014. "A theory of price adjustment under loss aversion," SFB 649 Discussion Papers 2014-065, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
• Ansgar Belke & Tobias Böing, 2014. "Sacrifice Ratios for Euro Area Countries: New Evidence on the Costs of Price Stability," ROME Working Papers 201411, ROME Network.
• Dahl, Roy A & Osmundsen, Petter, 2014. "Estimating fluctuations in oil and gas investment," UiS Working Papers in Economics and Finance 2014/19, University of Stavanger.
• Kuikeu, Oscar, 2014. "L’impact de la politique monétaire unique sur l’économie de la zone CEMAC: une approche par la modélisation VAR structurelle et bayésienne [Monetary policy effects in cemac: an assessme,t with the ," MPRA Paper 59246, University Library of Munich, Germany.
• International Monetary Fund, 2014. "Cyprus; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/313, International Monetary Fund.
• Frantisek Brazdik & Zuzana Humplova & Frantisek Kopriva, 2014. "Evaluating a Structural Model Forecast: Decomposition Approach," Research and Policy Notes 2014/02, Czech National Bank.
• Swamy, Vighneswara, 2014. "Modelling the Impact of New Capital Regulations on Bank Profitability," MPRA Paper 58323, University Library of Munich, Germany.
• Charles I. Plosser, 2014. "Communicating a systematic monetary policy," Speech 104, Federal Reserve Bank of Philadelphia.
• Joscha Beckmann & Ansgar Belke & Christian Dreger, 2014. "The Relevance of International Spillovers and Asymmetric Effects in the Taylor Rule," ROME Working Papers 201410, ROME Network.
• Scott Fulford, 2014. "The surprisingly low importance of income uncertainty for precaution," Boston College Working Papers in Economics 862, Boston College Department of Economics.
• António Rua & Miguel de Carvalho, 2014. "Real-time nowcasting the US output gap: Singular spectrum analysis at work," Working Papers w201416, Banco de Portugal, Economics and Research Department.
• Patrick C. Higgins, 2014. "GDPNow: A Model for GDP \"Nowcasting\"," FRB Atlanta Working Paper 2014-7, Federal Reserve Bank of Atlanta.
• Sen Gupta, Abhijit & Bhattacharya, Rudrani & Rao, Narhari, 2014. "Understanding Food Inflation in India," MPRA Paper 58319, University Library of Munich, Germany.
• Roberto Roson & Martina Sartori, 2014. "Why can sectoral shocks lead to sizable macroeconomic fluctuations? Assessing alternative theories by means of stochastic simulation with a general equilibrium model," Working Papers 2014:16, Department of Economics, University of Venice "Ca' Foscari".
• Stan Veuger & Daniel Shoag, 2013. "Uncertainty and the geography of the Great Recession," AEI Economics Working Papers 694, American Enterprise Institute.
• Luo, Yulei & Nie, Jun & Wang, Gaowang & Young, Eric, 2014. "What We Don't Know Doesn't Hurt Us: Rational Inattention and the Permanent Income Hypothesis in General Equilibrium," MPRA Paper 59182, University Library of Munich, Germany.
• Saltari, Enrico & Federici, Daniela, 2014. "Elasticity of substitution and the slowdown of the Italian productivity," MPRA Paper 58422, University Library of Munich, Germany.
• Chu, Angus C. & Cozzi, Guido & Furukawa, Yuichi, 2014. "Labor Unions, Directed Technical Change and Cross-Country Income Inequality," MPRA Paper 58886, University Library of Munich, Germany.
• Svensson, Roger, 2014. "Re-Coinage in Medieval Sweden," Working Paper Series 1040, Research Institute of Industrial Economics.
• Batchuluun, Altantsetseg & Luo, Yulei & Young, Eric, 2014. "Portfolio Choice with Information-Processing Limits," MPRA Paper 58538, University Library of Munich, Germany.
• International Monetary Fund, 2014. "Democratic Republic of the Congo; Financial System Stability Assessment," IMF Staff Country Reports 14/315, International Monetary Fund.
• Item repec:sss:wpaper:201409 is not listed on IDEAS anymore

• Ager, Philipp & Brückner, Markus & Herz, Benedikt, 2014. "Effects of Agricultural Productivity Shocks on Female Labor Supply: Evidence from the Boll Weevil Plague in the US South," MPRA Paper 59410, University Library of Munich, Germany.
• Kal, Süleyman Hilmi & Arslaner, Ferhat & Arslaner, Nuran, 2013. "Gold, Stock Price, Interest Rate and Exchange Rate Dynamics: An MS VAR Approach," MPRA Paper 56406, University Library of Munich, Germany.
• Anton Nakov & James Costain, 2014. "Logit Price Dynamics," 2014 Meeting Papers 351, Society for Economic Dynamics.
• Cavalieri, Duccio, 2014. "A Critical Marxist Simple Approach to Capital Theory," MPRA Paper 58213, University Library of Munich, Germany.
• Max Groneck & Alexander Ludwig, 2014. "A Life-Cycle Model with Ambiguous Survival Beliefs," Working Papers 201465, University of Pretoria, Department of Economics.
• Nannan Yuan & Shigeyuki Hamori, 2014. "Are government interventions effective in regulating China's house prices?," Discussion Papers 1427, Graduate School of Economics, Kobe University.
• Carlsson, Mikael, 2014. "Selection Effects in Producer-Price Setting," Working Paper Series 2014:6, Uppsala University, Department of Economics.
• Maito, Esteban Ezequiel, 2013. "La transitoriedad histórica del capital: La tendencia descendente de la tasa de ganancia desde el siglo XIX [The historical transience of capital: The downward trend in the rate of profit since XIX," MPRA Paper 59285, University Library of Munich, Germany.
• International Monetary Fund, 2014. "Burundi; Staff Report for the 2014 Article IV Consultation, Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria," IMF Staff Country Reports 14/293, International Monetary Fund.
• Constantine, Collin, 2014. "Rethinking the Twin Deficits," MPRA Paper 58798, University Library of Munich, Germany.
• Alonso-Ortiz, Jorge & Colla, Esteban & Da-Rocha, Jose-Maria, 2014. "Bounding the productivity default shock : Evidence from the The European Sovereign Debt Crisis," MPRA Paper 59617, University Library of Munich, Germany.
• Bouoiyour, Jamal & Selmi, Refk, 2014. "What Bitcoin Looks Like?," MPRA Paper 58091, University Library of Munich, Germany.
• Estrada, Fernando, 2013. "Estabilidad política y poder fiscal [political stability and tax power]," MPRA Paper 58458, University Library of Munich, Germany, revised 2014.
• Wilson, Matthew & Yelowitz, Aaron, 2014. "Characteristics of Bitcoin Users: An Analysis of Google Search Data," MPRA Paper 59661, University Library of Munich, Germany.
• Ayub, Aishaton & Masih, Mansur, 2013. "The Relationship between Exchange Rates and Islamic Indices in Malaysia FTSE Market: A Wavelet Based Approach," MPRA Paper 59618, University Library of Munich, Germany.
• Felix Ward, 2014. "Spotting the Danger Zone - Forecasting Financial Crises with Classification Tree Ensembles and Many Predictors," Bonn Econ Discussion Papers bgse01_2014, University of Bonn, Germany.
• Berggren, Niclas & Bjørnskov, Christian & Lipka, David, 2014. "Legitimacy and the Cost of Government," Working Paper Series 1045, Research Institute of Industrial Economics.
• Timothy Yang Bian & Pedro Gete, 2014. "What drives housing dynamics in China? a sign restrictions VAR approach," Globalization Institute Working Papers 193, Federal Reserve Bank of Dallas.
• Zaman, Gheorghe & Georgescu, George, 2014. "Absorbţia fondurilor structurale şi de coeziune în Romania: bilanţul perioadei 2007-2013 şi lecţii pentru exerciţiul financiar curent [The absorption of structural and cohesion funds in Romania: ba," MPRA Paper 56144, University Library of Munich, Germany.
• Gerdie Everaert & Freddy Heylen & Ruben Schoonackers, 2014. "Fiscal policy and TFP in the OECD : Measuring direct and indirect effects," Working Paper Research 274, National Bank of Belgium.
• Andreas Mueller, 2014. "Separations, Sorting and Cyclical Unemployment," 2014 Meeting Papers 404, Society for Economic Dynamics.
• Jean-Luc Gaffard, 2013. "La macroéconomie à l'épreuve des faits," SciencePo Working papers Main hal-00973033, HAL.
• Kakarot-Handtke, Egmont, 2014. "The Profit Theory is False Since Adam Smith. What About the True Distribution Theory?," MPRA Paper 59411, University Library of Munich, Germany.
• Thomas Goda & Özlem Onaran & Engelbert Stockhammer, 2014. "A case for redistribution? Income inequality and wealth concentration in the recent crisis," Documentos de Trabajo de Valor Público 12186, Universidad EAFIT.
• Mazyaki, Ali & Davodi, Pedram, 2014. "Decomposition of welfare distribution in Iran," MPRA Paper 59552, University Library of Munich, Germany.
• Hugo Rodríguez Mendizábal, 2014. "Bank Size, Risk Diversification and Money Markets," Working Papers 785, Barcelona School of Economics.
• Frenkel, Roberto & Rapetti, Martin, 2014. "The real exchange rate as a target of macroeconomic policy," MPRA Paper 59335, University Library of Munich, Germany.
• Swamy, Vighneswara, 2014. "Bank regulation, supervision and efficiency during the global financial crisis," MPRA Paper 58295, University Library of Munich, Germany.
• Francisco Blasques & Siem Jan Koopman & Max Mallee, 2014. "Low Frequency and Weighted Likelihood Solutions for Mixed Frequency Dynamic Factor Models," Tinbergen Institute Discussion Papers 14-105/III, Tinbergen Institute.
• Yasin Mimir, 2014. "On International Consumption Risk Sharing, Financial Integration and Financial Development," Working Papers 1436, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Thomas Jobert & Alexandru Monahov & Anna Tykhonenko, 2014. "Domestic Credit in Times of Supervision: An Empirical Investigation of European Countries," GREDEG Working Papers 2014-30, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
• Kakarot-Handtke, Egmont, 2014. "The Synthesis of Economic Law, Evolution, and History," MPRA Paper 58842, University Library of Munich, Germany.
• Yang, Bill Huajian, 2014. "Modeling Systematic Risk and Point-in-Time Probability of Default under the Vasicek Asymptotic Single Risk Factor Model Framework," MPRA Paper 59025, University Library of Munich, Germany.
• Vasco M. Carvalho, 2014. "From Micro to Macro via Production Networks," Working Papers 793, Barcelona School of Economics.
• Ana Paula Fregnani Colombi & Laura Carla Moisa Elicabide & Rita Petra Kallabis, 2013. "O Brasil na contramao: a reducao da desigualdade durante a crise mundial," Ensayos de Economía 12246, Universidad Nacional de Colombia Sede Medellín.
• Martha Delgado & Leonardo Villar & Jonathan Malagón, 2013. "Elaboración de proyecciones de mediano plazo de actividad económica regional 2013 – 2017," Informes de Investigación 12156, Fedesarrollo.
• Ojo, Marianne, 2014. "Credit risk measurement, leverage ratios and Basel III: proposed Basel III leverage and supplementary leverage ratios," MPRA Paper 59598, University Library of Munich, Germany.
• Alfredo Martín Oliver & Sonia Ruano Pardo & Vicente Salas Fumás, 2014. "Productivity and welfare: an application to the Spanish banking industry," Working Papers 1426, Banco de España.
• Lubberink, Martien, 2014. "Are banks’ below-par own debt repurchases a cause for prudential concern?," MPRA Paper 59475, University Library of Munich, Germany.