Report NEP-MAC-2014-12-29

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:

• Petrella, Ivan & Pfajfar, Damjan & Santoro, Emiliano & Gaffeo, Edoardo, 2014. "Loss Aversion and the Asymmetric Transmission of Monetary Policy," CEPR Discussion Papers 10105, C.E.P.R. Discussion Papers.
• Stefano Neri & Alessandro Notarpietro, 2014. "Inflation, debt and the zero lower bound," Questioni di Economia e Finanza (Occasional Papers) 242, Bank of Italy, Economic Research and International Relations Area.
• Taylor, Alan M. & Schularick, Moritz & Jordà , Ã’scar, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," CEPR Discussion Papers 10161, C.E.P.R. Discussion Papers.
• Guimaraes, Bernardo & Machado, Caio & Ribeiro, Marcel, 2014. "A model of the confidence channel of fiscal policy," CEPR Discussion Papers 10087, C.E.P.R. Discussion Papers.
• Valdivia, Daney, 2014. "Posición fiscal, monetaria y control de la brecha inflacionaria y del producto: Evidencia empírica para Bolivia [Fiscal - monetary stance and inflation - output gap control: evidence for Bolivia]," MPRA Paper 60713, University Library of Munich, Germany.
• Item repec:spo:wpmain:info:hdl:2441/7d4rsl1jm8p58ajgfgslld612 is not listed on IDEAS anymore

• Roberto Pancrazi & Mario Pietrunti, 2014. "Natural Expectations and Home Equity Extraction," Temi di discussione (Economic working papers) 984, Bank of Italy, Economic Research and International Relations Area.
• Rodolfo Cermeño & Julio Mamani-Palacios, 2013. "Regímenes Monetarios y Volatilidad del Tipo de Cambio Real: El Caso Peruano, 1995-2012," Working Papers DTE 565, CIDE, División de Economía.
• Galí, Jordi, 2014. "The Effects of a Money-Financed Fiscal Stimulus," CEPR Discussion Papers 10165, C.E.P.R. Discussion Papers.
• Mewael F. Tesfaselassie, 2014. "Growth and Unemployment in the Presence of Trend Inflation," Kiel Working Papers 1978, Kiel Institute for the World Economy.
• Ettore Panetti & Elena Mattana, 2014. "A Dynamic Quantitative Macroeconomic Model of Bank Runs," Working Papers w201413, Banco de Portugal, Economics and Research Department.
• Piergiorgio Alessandri & Haroon Mumtaz, 2014. "Financial indicators and density forecasts for US output and inflation," Temi di discussione (Economic working papers) 977, Bank of Italy, Economic Research and International Relations Area.
• Zsolt Darvas, 2014. "Does money matter in the euro area? Evidence from a new Divisia index," CERS-IE WORKING PAPERS 1433, Institute of Economics, Centre for Economic and Regional Studies.
• Charles Olivier Mao Takongmo, 2014. "Government Spending Multipliers and the Zero Lower Bound in an Open Economy," CIRANO Working Papers 2014s-43, CIRANO.
• Item repec:hhs:bofrdp:2014_027 is not listed on IDEAS anymore

• Lengnick, Matthias & Wohltmann, Hans-Werner, 2014. "Optimal monetary policy in a new Keynesian model with animal spirits and financial markets," Economics Working Papers 2014-12, Christian-Albrechts-University of Kiel, Department of Economics.
• Bijapur, Mohan, 2014. "What Drives Business Cycle Fluctuations: Aggregate or Idiosyncratic Uncertainty Shocks?," MPRA Paper 60361, University Library of Munich, Germany.
• Rina Rosenblatt-Wisch & Rolf Scheufele, 2014. "Quantification and characteristics of household inflation expectations in Switzerland," Working Papers 2014-11, Swiss National Bank.
• Barnett, William A., 2014. "The joint services of money and credit," MPRA Paper 60336, University Library of Munich, Germany.
• Athanasios O. Tagkalakis, 2014. "Fiscal policy, net exports, and the sectoral composition of output in Greece," Working Papers 186, Bank of Greece.
• Lucas Herrenbrueck, 2014. "Quantitative Easing and the Liquidity Channel of Monetary Policy," Discussion Papers dp14-09, Department of Economics, Simon Fraser University, revised Apr 2016.
• Born, Benjamin & Breuer, Sebastian & Elstner, Steffen, 2014. "Uncertainty and the Great Recession," Working Papers 04/2014, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
• Johannes Stroebel & Joseph Vavra, 2014. "House Prices, Local Demand, and Retail Prices," NBER Working Papers 20710, National Bureau of Economic Research, Inc.
• Item repec:feu:wfeppr:y:2014:m:11:d:0:i:18 is not listed on IDEAS anymore

• Mehmet Balcilar & Reneé van Eyden & Josine Uwilingiye & Rangan Gupta, 2014. "The impact of oil price on South African GDP growth: A Bayesian Markov Switching-VAR analysis," Working Papers 201470, University of Pretoria, Department of Economics.
• Marcelo Veracierto, 2014. "Adverse Selection, Risk Sharing and Business Cycles," Working Paper Series WP-2014-10, Federal Reserve Bank of Chicago.
• Item repec:rjr:wpiecf:131001 is not listed on IDEAS anymore

• Sartaj Rasool Rather & S. Raja Sethu Durai & M. Ramachandran, 2014. "A New Approach to Construct Core Inflation," Working Papers 2014-091, Madras School of Economics,Chennai,India.
• Giannone, Domenico & Lenza, Michele & Altavilla, Carlo, 2014. "The Financial and Macroeconomic Effects of OMT Announcements," CEPR Discussion Papers 10025, C.E.P.R. Discussion Papers.
• Raphael Corbi & Elias Papaioannou & Paolo Surico, 2014. "Regional Transfers," NBER Working Papers 20751, National Bureau of Economic Research, Inc.
• Mitsuru Katagiri & Hideki Konishi & Kozo Ueda, 2014. "Aging and Deflation from a Fiscal Perspective," KIER Working Papers 905, Kyoto University, Institute of Economic Research.
• Saint-Paul, Gilles, 2014. "Can active labor market policy be counter-productive?," CEPR Discussion Papers 10270, C.E.P.R. Discussion Papers.
• Marianna Kudlyak & Fabian Lange, 2014. "Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories," Working Paper 14-18, Federal Reserve Bank of Richmond.
• World Bank Group, 2014. "Kazakhstan Growth Slows as External Pressures Rise : Kazakhstan Economic Update, Fall 2014," World Bank Publications - Reports 20670, The World Bank Group.
• Lange, Fabian & Kudlyak, Marianna, 2014. "Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories," IZA Discussion Papers 8663, Institute of Labor Economics (IZA).
• Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2014. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," Working Paper Series WP-2014-9, Federal Reserve Bank of Chicago.
• Gerlach, Stefan & Lydon, Reamonn & Stuart, Rebecca, 2014. "The Phillips Curve in Ireland: 1935 - 2012," CEPR Discussion Papers 10010, C.E.P.R. Discussion Papers.
• Kazuo Nishimura & Thomas Seegmuller & Alain Venditti, 2014. "Fiscal Policy, Debt Constraint and Expectation-Driven Volatility," AMSE Working Papers 1437, Aix-Marseille School of Economics, France.
• Lim, Shu Yi & Sek, Siok Kun, 2014. "Examining the volatility of exchange rate: Does monetary policy matter?," MPRA Paper 60526, University Library of Munich, Germany, revised Oct 2014.
• Item repec:hhs:bofrdp:2014_029 is not listed on IDEAS anymore

• Stephen S. Poloz, 2014. "Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective," Discussion Papers 14-6, Bank of Canada.
• Wickens, Michael R., 2014. "How did we get to where we are now? Reflections on 50 years of macroeconomic and financial econometrics," CEPR Discussion Papers 10197, C.E.P.R. Discussion Papers.
• Douanla Tayo, Lionel, 2014. "Assessing the effect of monetary policy on economic growth in franc zone," MPRA Paper 60201, University Library of Munich, Germany.
• Cordella,Tito & Gupta,Poonam - DECOS, 2014. "What makes a currency procyclical ? an empirical investigation," Policy Research Working Paper Series 7113, The World Bank.
• Gilles Mourre & Caterina Astarita & Savina Princen, 2014. "Adjusting the budget balance for the business cycle: the EU methodology," European Economy - Economic Papers 2008 - 2015 536, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Christian Pierdzioch & Monique B. Reid & Rangan Gupta, 2014. "On the Directional Accuracy of Inflation Forecasts: Evidence from South African Survey Data," Working Papers 24/2014, Stellenbosch University, Department of Economics.
• Francesco Bianchi & Howard Kung & Gonzalo Morales, 2014. "Growth, Slowdowns, and Recoveries," NBER Working Papers 20725, National Bureau of Economic Research, Inc.
• Vikram Rai & Lena Suchanek, 2014. "The Effect of the Federal Reserve’s Tapering Announcements on Emerging Markets," Staff Working Papers 14-50, Bank of Canada.
• World Bank Group, 2014. "Kyrgyz Republic : Moderating Growth and a Challenging Outlook," World Bank Publications - Reports 20673, The World Bank Group.
• Krueger, Dirk & Kindermann, Fabian, 2014. "High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk," CEPR Discussion Papers 10208, C.E.P.R. Discussion Papers.
• Christian Pierdzioch & Monique B. Reid & Rangan Gupta, 2014. "Forecasting the South African Inflation Rate: On Asymmetric Loss and Forecast Rationality," Working Papers 201475, University of Pretoria, Department of Economics.
• Andreas Fuster & Basit Zafar, 2014. "The sensitivity of housing demand to financing conditions: evidence from a survey," Staff Reports 702, Federal Reserve Bank of New York.
• Minford, Patrick & Dai, Li & Zhou, Peng, 2014. "A DSGE Model of China," CEPR Discussion Papers 10238, C.E.P.R. Discussion Papers.
• Been-Lon Chen & Mei Hsu & Chih-Fang Lai, 2014. "Relative Effects of Labor Taxes and Unemployment Benefits on Hours Worked per Worker and Employment," IEAS Working Paper : academic research 14-A014, Institute of Economics, Academia Sinica, Taipei, Taiwan.
• Stefania Villa, 2014. "Financial frictions in the Euro Area and the United States: a Bayesian assessment," BCAM Working Papers 1407, Birkbeck Centre for Applied Macroeconomics.
• Don H. Kim & Jonathan H. Wright, 2014. "Jumps in Bond Yields at Known Times," Finance and Economics Discussion Series 2014-100, Board of Governors of the Federal Reserve System (U.S.).
• Bouyon, Sylvain, 2014. "A Review of Policy Options for Monitoring Household Saving," ECRI Papers 9754, Centre for European Policy Studies.
• Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2014. "Genuine Savings and Sustainability," Discussion Papers in Environment and Development Economics 2014-09, University of St. Andrews, School of Geography and Sustainable Development.
• Monica Billio & Roberto Casarin & Francesco Ravazzolo & Herman K. van Dijk, 2014. "Interactions between eurozone and US booms and busts: A Bayesian panel Markov-switching VAR model," Working Papers No 8/2014, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
• Valli, Mohammed & Masih, Mansur, 2014. "Is there any causality between inflation and FDI in an ‘inflation targeting’ regime? Evidence from South Africa," MPRA Paper 60246, University Library of Munich, Germany.
• Bell, Venetia & Pugh, Alice, 2014. "The Bank of England Credit Conditions Survey," Bank of England working papers 515, Bank of England.
• Florian Huber & Jesus Crespo-Cuaresma & Martin Feldkircher, 2014. "Forecasting with Bayesian Global Vector Autoregressions," ERSA conference papers ersa14p25, European Regional Science Association.
• Furuoka, Fumitaka, 2014. "Unemployment hysteresis in Central Asia," MPRA Paper 60323, University Library of Munich, Germany.
• World Bank Group, 2014. "Georgia : Winds of Optimism," World Bank Publications - Reports 20671, The World Bank Group.
• Kontonikas, Alexandros & Nolan, Charles & Zekaite, Zivile, 2014. "Monetary Policy in Times of Financial Stress," SIRE Discussion Papers 2014-027, Scottish Institute for Research in Economics (SIRE).
• Alfonso Arpaia & Aron Kiss & Alessandro Turrini, 2014. "Is unemployment structural or cyclical? Main features of job matching in the EU after the crisis," European Economy - Economic Papers 2008 - 2015 527, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Tatjana Dahlhaus & Garima Vasishtha, 2014. "The Impact of U.S. Monetary Policy Normalization on Capital Flows to Emerging-Market Economies," Staff Working Papers 14-53, Bank of Canada.
• Roberto Duncan, 2014. "A threshold model of the US current account," Globalization Institute Working Papers 202, Federal Reserve Bank of Dallas.
• Snir, Avichai & Levy, Daniel & Gotler, Alex & Chen, Haipeng (Allan), 2014. "Not All Price Endings Are Created Equal: Price Points and Asymmetric Price Rigidity," EconStor Preprints 104540, ZBW - Leibniz Information Centre for Economics.
• Sergio Cesaratto, 2014. "Balance of payments or monetary sovereignty? In search of the EMU’s original sin – a reply to Lavoie," a/ Working Papers Series 1406, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
• Jappelli, Tullio & Georgarakos, Dimitris, 2014. "Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession," CEPR Discussion Papers 10196, C.E.P.R. Discussion Papers.
• Fernando Morra, 2014. "Moderando Inflaciones Moderadas," Department of Economics, Working Papers 106, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
• Estrada, Fernando, 2014. "Thomas Piketty’s Capital in the 21st Century," MPRA Paper 60682, University Library of Munich, Germany.
• LONZO LUBU, Gastonfils, 2014. "Taille Optimale De L’Etat En Rd Congo [Optimal Size Of Government In The Democratic Republic Of Congo]," MPRA Paper 60715, University Library of Munich, Germany.
• Liu, Haiyang, 2014. "Decreasing Return of Intra-industry R&D and Economic Growth," MPRA Paper 60216, University Library of Munich, Germany.
• Bigoni, Maria & Camera, Gabriele & Casari, Marco, 2014. "Money is more than memory," CFS Working Paper Series 496, Center for Financial Studies (CFS).
• Ken Urai & Hiromi Murakami, 2014. "Replica Core Equivalence Theorem: An Extension of Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies," Discussion Papers in Economics and Business 14-35, Osaka University, Graduate School of Economics.
• Hassan, Tarek & Mertens, Thomas M., 2014. "The Social Cost of Near-Rational Investment," CEPR Discussion Papers 10007, C.E.P.R. Discussion Papers.
• Schmidt-Dengler, Philipp & Stix, Helmut & Huynh, Kim P., 2014. "The Role of Card Acceptance in the Transaction Demand for Money," CEPR Discussion Papers 10183, C.E.P.R. Discussion Papers.
• Ehmer, Philipp, 2014. "The impact of diverging economic structure on current account imbalances in the euro area," Wittener Diskussionspapiere zu alten und neuen Fragen der Wirtschaftswissenschaft 27/2014, Witten/Herdecke University, Faculty of Management and Economics.
• Michael Graff & Massimo Mannino & Michael Siegenthaler, 2014. "The Swiss "Job Miracle"," KOF Working papers 14-368, KOF Swiss Economic Institute, ETH Zurich.
• Minford, Patrick & Zhou, Peng & Xu, Yongdeng, 2014. "How good are out of sample forecasting Tests on DSGE models?," CEPR Discussion Papers 10239, C.E.P.R. Discussion Papers.
• Bernd Bartels & Constantin Weiser, 2014. "Public Debt & Sovereign Ratings - Do Industrialized Countries Enjoy a Privilege?," Working Papers 1417, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 29 Nov 2014.
• Bellino, Enrico, 2014. "Sraffa’s price equations in light of Garegnani and Pasinetti - The ‘core’ of surplus theories and the ‘natural’ relations of an economic system," MPRA Paper 60730, University Library of Munich, Germany.
• Boons, M.F., 2014. "Sorting out commodity and macroeconomic risk in expected stock returns," Other publications TiSEM 1ebdac58-bf37-499d-8835-1, Tilburg University, School of Economics and Management.
• Reinhart, Carmen & Trebesch, Christoph, 2014. "A Distant Mirror of Debt, Default, and Relief," CEPR Discussion Papers 10195, C.E.P.R. Discussion Papers.
• S. Mohammad R. Davoodalhosseini, 2014. "Constrained Efficiency with Search and Information Frictions," 2014 Papers pda658, Job Market Papers.
• Kemp-Benedict, Eric, 2014. "Shifting to a Green Economy: Lock-in, Path Dependence, and Policy Options," MPRA Paper 60175, University Library of Munich, Germany.
• Bart Cockx & Corinna Ghirelli, 2014. "Scars Of Recessions In A Rigid Labor Market," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 14/894, Ghent University, Faculty of Economics and Business Administration.
• Merrouche, Ouarda & Karam, Philippe & Turk, Rima & Souissi, Moez, 2014. "The Transmission of Liquidity Shocks: Evidence from Credit Rating Downgrades," CEPR Discussion Papers 10252, C.E.P.R. Discussion Papers.
• Dimitri Lorenzani & Janos Varga, 2014. "The Economic Impact of Digital Structural Reforms," European Economy - Economic Papers 2008 - 2015 529, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Matthew N. White, 2014. "Endogenous Gridpoints in Multiple Dimensions: Interpolation on Non-Linear Grids," Working Papers 14-17, University of Delaware, Department of Economics.
• Chan R. Mang, 2014. "Uncertain Risk and Return in Bond Markets, I," 2014 Papers pma1706, Job Market Papers.
• Juan R. Cuadrado-Roura & Andres Maroto-Sanchez, 2014. "Unbalanced Regional Impact of the crisis in Spain. An explorative analysis through structural changes, sectorial specialization and productivity," ERSA conference papers ersa14p322, European Regional Science Association.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2014. "Doom-loops: The Role of Rating Agencies in the Euro Financial Crisis," Discussion Papers in Economics 14/16, Division of Economics, School of Business, University of Leicester.
• Yunus Aksoy & Henrique S. Basso, 2014. "Securitization and Asset Prices," Birkbeck Working Papers in Economics and Finance 1411, Birkbeck, Department of Economics, Mathematics & Statistics.
• William Dudley, 2014. "Testimony on improving financial institution supervision: examining and addressing regulatory capture," Speech 152, Federal Reserve Bank of New York.
• Di Caro, Paolo, 2014. "Recessions, recoveries and regional resilience: Evidence on Italy," MPRA Paper 60297, University Library of Munich, Germany.