Report NEP-MAC-2015-01-26

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:

• Taisuke Nakata, 2013. "Reputation and Liquidity Traps," UTokyo Price Project Working Paper Series 039, University of Tokyo, Graduate School of Economics, revised Dec 2014.
• Daisuke Ikeda & Takushi Kurozumi, 2014. "Post-Crisis Slow Recovery and Monetary Policy," UTokyo Price Project Working Paper Series 041, University of Tokyo, Graduate School of Economics.
• Jef Boeckx & Maarten Dossche & Gert Peersman, 2014. "Effectiveness and transmission of the ECB’s balance sheet policies," Working Paper Research 275, National Bank of Belgium.
• Gatt, William, 2014. "An evaluation of core inflation measures for Malta," MPRA Paper 61250, University Library of Munich, Germany.
• Le, Vo Phuong Mai & Matthews, Kent & Meenagh, David & Minford, Patrick & Xiao, Zhiguo, 2015. "China s financial crisis the role of banks and monetary policy," Cardiff Economics Working Papers E2015/1, Cardiff University, Cardiff Business School, Economics Section.
• Alfonso Ugarte Ruiz, 2015. "Understanding the dichotomy of financial development: credit deepening versus credit excess," Working Papers 1501, BBVA Bank, Economic Research Department.
• Vito Polito & Michael Wickens, 2013. "How the euro crisis evolved and how to avoid another: EMU, fiscal policy and credit ratings," Special Conference Papers 22, Bank of Greece.
• Stefania D'Amico & Athanasios Orphanides, 2014. "Inflation Uncertainty and Disagreement in Bond Risk Premia," Working Paper Series WP-2014-24, Federal Reserve Bank of Chicago.
• Pérez-Forero, Fernando & Vega, Marco, 2014. "The Dynamic Effects of Interest Rates and Reserve Requirements," Working Papers 2014-018, Banco Central de Reserva del Perú.
• Savchenko, Taras & Kozmenko, Serhiy & Piontkovska, Yanina, 2014. "Development and application of the monetary rule for the base interest rate of the National Bank of Ukraine," MPRA Paper 61138, University Library of Munich, Germany.
• Michael D. Bordo & Pierre L. Siklos, 2015. "Central Bank Credibility: An Historical and Quantitative Exploration," NBER Working Papers 20824, National Bureau of Economic Research, Inc.
• C.A.E Goodhart, 2013. "Lessons for monetary policy from the euro-area crisis," Special Conference Papers 17, Bank of Greece.
• Patnaik, Ila & Pundit, Madhavi, 2014. "Is India's Long-Term Trend Growth Declining?," ADB Economics Working Paper Series 424, Asian Development Bank.
• Nelson, Benjamin & Pinter, Gabor & Theodoridis, Konstantinos, 2015. "Do contractionary monetary policy shocks expand shadow banking?," Bank of England working papers 521, Bank of England.
• Stephen Hansen & Michael McMahon & Andrea Prat, 2015. "The dilemma of central bank transparency," CentrePiece - The magazine for economic performance 439, Centre for Economic Performance, LSE.
• Alesina, Alberto & Favero, Carlo & Giavazzi, Francesco, 2014. "The output effect of fiscal consolidation plans," SAFE Working Paper Series 76, Leibniz Institute for Financial Research SAFE.
• Punzi, Maria Teresa & Rabitsch, Katrin, 2014. "Investor borrowing heterogeneity in a Kiyotaki-Moore style macro model," FinMaP-Working Papers 24, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
• Dąbrowski, Marek A. & Wróblewska, Justyna, 2015. "Exchange rate as a shock absorber or a shock propagator in Poland and Slovakia - an approach based on Bayesian SVAR models with common serial correlation," MPRA Paper 61441, University Library of Munich, Germany.
• Giri, Federico, 2014. "Does interbank market matter for business cycle fluctuation? An estimated DSGE model with financial frictions for the Euro area," FinMaP-Working Papers 27, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
• Amélie Barbier-Gauchard & Thierry Betti & Giuseppe Diana, 2015. "Spillover effects in a monetary union: Why fiscal policy instruments matter?," Working Papers of BETA 2015-02, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Roger E.A. Farmer, 2015. "Global Sunspots and Asset Prices in a Monetary Economy," NBER Working Papers 20831, National Bureau of Economic Research, Inc.
• Barry Eichengreen & Naeun Jung & Stephen Moch & Ashoka Mody, 2013. "The eurozone crisis: phoenix miracle or lost decade?," Special Conference Papers 25, Bank of Greece.
• Valdivia, Daney, 2015. "Handbook on DSGE models: some useful tips in modeling a DSGE models," MPRA Paper 61347, University Library of Munich, Germany.
• Winkelried, Diego, 2014. "Inferring inflation expectations from fixed-event forecasts," Working Papers 2014-016, Banco Central de Reserva del Perú.
• Ulrich van Suntum, "undated". "A Parallel Currency Proposal for the Stronger Euro-States," Working Papers 201288, Institute of Spatial and Housing Economics, Munster Universitary.
• Hikaru Saijo, 2014. "The Uncertainty Multiplier and Business Cycles," Working Papers e067, Tokyo Center for Economic Research.
• International Monetary Fund, 2014. "Honduras; Request for a Stand-By Arrangement and an Arrangement Under the Standby Credit Facility," IMF Staff Country Reports 14/361, International Monetary Fund.
• Heather D. Gibson & Theodore Palivos & George S. Tavlas, 2013. "The crisis in the euro area: an analytic overview," Special Conference Papers 28, Bank of Greece.
• André Kallåk Anundsen & Christian Heebøll, 2014. "Supply restrictions, subprime lending and regional US house prices," Working Paper 2014/18, Norges Bank.
• Cosmin Ilut & Matthias Kehrig & Martin Schneider, 2015. "Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News," Working Papers 15-02, Center for Economic Studies, U.S. Census Bureau.
• Schock, Matthias, 2015. "Predicting Economic Activity via Eurozone Yield Spreads: Impact of Credit Risk," Hannover Economic Papers (HEP) dp-542, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
• International Monetary Fund, 2015. "Republic of Mozambique; Third Review Under the Policy Support Instrument," IMF Staff Country Reports 15/12, International Monetary Fund.
• Mendoza, Enrique G. & Tesar, Linda L. & Zhang, Jing, 2014. "Saving Europe? The unpleasant arithmetic of fiscal austerity in integrated economies," SAFE Working Paper Series 80, Leibniz Institute for Financial Research SAFE.
• Berggren, Niclas & Daunfelt, Sven-Olof & Hellström, Jörgen, 2015. "Does Social Trust Speed up Reforms? The Case of Central-Bank Independence," Working Paper Series 1053, Research Institute of Industrial Economics.
• Luis E. Arango & Lina Cardona-Sosa, 2015. "Consumer credit performance over the business cycle in Colombia: some empirical facts," Borradores de Economia 861, Banco de la Republica de Colombia.
• International Monetary Fund, 2015. "Haiti; Eighth Review Under the Extended Credit Facility and Request for Waiver of Nonobservance of Performance Criterion," IMF Staff Country Reports 15/3, International Monetary Fund.
• Jerome H. Powell, 2014. "Monetary Policy Accommodation, Risk-Taking, and Spillovers : a speech at the Global Research Forum on International Macroeconomics and Finance, Washington, D.C., November 14, 2014," Speech 828, Board of Governors of the Federal Reserve System (U.S.).
• Volodymyr Vysochansky, 2014. "Principles of Monetary System Transformation," Finance vysochansky_volodymyr.522, Socionet.
• Jane Haltmaier, 2014. "Cyclically Adjusted Current Account Balances," International Finance Discussion Papers 1126, Board of Governors of the Federal Reserve System (U.S.).
• E. Challe & J. Matheron & X. Ragot & M.F. Rubio-Ramirez, 2015. "Precautionary Saving and Aggregate Demand," Working papers 535, Banque de France.
• Jobst, Clemens & Ugolini, Stefano, 2014. "The coevolution of money markets and monetary policy, 1815-2008," Working Paper Series 1756, European Central Bank.
• John Geanakoplos, 2013. "Leverage, default, and forgiveness: lessons from the American and European crises," Special Conference Papers 27, Bank of Greece.
• Alberto Alesina & Omar Barbiero & Carlo Favero & Francesco Giavazzi & Matteo Paradisi, 2015. "Austerity in 2009-2013," NBER Working Papers 20827, National Bureau of Economic Research, Inc.
• Camilo Morales-Jimenez, 2014. "Information Frictions, Nominal Shocks, and the Role of Inventories in Price-Setting Decisions," 2014 Meeting Papers 747, Society for Economic Dynamics.
• Jiaqian Chen & Tommaso Mancini Griffoli & Ratna Sahay, 2014. "Spillovers from United States Monetary Policy on Emerging Markets; Different This Time?," IMF Working Papers 14/240, International Monetary Fund.
• Michaël Assous & Olivier Bruno & Muriel Dal-Pont Legrand, 2015. "The Law of Diminishing Elasticity of Demand in Harrod’s Trade Cycle (1936)," GREDEG Working Papers 2015-02, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
• Antonio Mele & Krisztina Molnar & Sergio Santoro, 2015. "On the perils of stabilizing prices when agents are learning," School of Economics Discussion Papers 0215, School of Economics, University of Surrey.
• Tetsuo Ono & Yuki Uchida, 2014. "Pensions, Education, and Growth: A Positive Analysis," Discussion Papers in Economics and Business 14-37, Osaka University, Graduate School of Economics.
• International Monetary Fund, 2014. "St. Vincent and The Grenadines; Request For Disbursement Under The Rapid Credit Facility and Purchase Under The Rapid Financing Instrument," IMF Staff Country Reports 14/360, International Monetary Fund.
• Maurice Obstfeld, 2015. "Trilemmas and trade-offs: living with financial globalisation," BIS Working Papers 480, Bank for International Settlements.
• Hur, Seok-Kyun, 2014. "Government Spending and Inclusive Growth in Developing Asia," ADB Economics Working Paper Series 415, Asian Development Bank.
• International Monetary Fund, 2015. "Senegal; Staff Report for the 2014 Article IV Consultation and Eighth Review Under the Policy Support Instrument," IMF Staff Country Reports 15/2, International Monetary Fund.
• Martin S. Feldstein, 2015. "Ending the Euro Crisis?," NBER Working Papers 20862, National Bureau of Economic Research, Inc.
• Andrzej Jedruchniewicz, 2014. "Polityka pieniezna a inwestycje w polskiej gospodarce," Working Papers 31/2014, Institute of Economic Research, revised Dec 2014.
• Knut Are Aastveit & Francesco Ravazzolo & Herman K. van Dijk, 2014. "Combined Density Nowcasting in an uncertain economic environment," Working Paper 2014/17, Norges Bank.
• Pablo Guerron-Quintana, 2014. "Liquidity, Trends, and the Great Recession," 2014 Meeting Papers 751, Society for Economic Dynamics.
• Peter Klenow & Ben Malin & Mark Bils, 2014. "Are Labor or Product Markets to Blame for Recessions?," 2014 Meeting Papers 715, Society for Economic Dynamics.
• Anella Munro & Benjamin Wong, 2014. "Monetary Policy and Funding Spreads," Reserve Bank of New Zealand Analytical Notes series AN2014/07, Reserve Bank of New Zealand.
• Marta Gómez-Puig & Simón Sosvilla-Rivero & Manish K. Singh, 2015. "Sovereigns and banks in the euro area: A tale of two crises," Working Papers 15-01, Asociación Española de Economía y Finanzas Internacionales.
• Megersa, Kelbesa & Cassimon, Danny, 2014. "Public debt, economic growth and public sector management in developing countries: is there a link?," IOB Working Papers 2014.11, Universiteit Antwerpen, Institute of Development Policy (IOB).
• Barrera, Carlos, 2014. "La relación entre los ciclos discretos en la inflación y el crecimiento: Perú 1993 - 2012," Working Papers 2014-024, Banco Central de Reserva del Perú.
• Vincent Brousseau & Kleopatra Nikolaou & Huw Pill, 2014. "Modeling Money Market Spreads: What Do We Learn about Refinancing Risk?," Finance and Economics Discussion Series 2014-112, Board of Governors of the Federal Reserve System (U.S.).
• Niebel, Thomas, 2014. "ICT and economic growth: Comparing developing, emerging and developed countries," ZEW Discussion Papers 14-117, ZEW - Leibniz Centre for European Economic Research.
• George Provopoulos, 2013. "The Greek Economy and Banking System: Recent Developments and the Way Forward," Special Conference Papers 14, Bank of Greece.
• Lang, Michael & Schröder, Michael, 2014. "What drives the demand of monetary financial institutions for domestic government bonds? Empirical evidence on the impact of Basel II and Basel III," ZEW Discussion Papers 14-123, ZEW - Leibniz Centre for European Economic Research.
• Etienne Lalé, 2015. "Turbulence and the Employment Experience of Older Workers," Bristol Economics Discussion Papers 15/652, School of Economics, University of Bristol, UK, revised 13 Jul 2016.
• Laura Puglisi, 2014. "Fiscal Devaluations in the Euro Area: What has been done since the crisis?," Taxation Papers 47, Directorate General Taxation and Customs Union, European Commission.
• Malgorzata Olszak & Mateusz Pipien & Sylwia Roszkowska & Iwona Kowalska, 2014. "The effects of capital on bank lending in large EU banks – the role of procyclicality, income smoothing, regulations and supervision," Faculty of Management Working Paper Series 52014, University of Warsaw, Faculty of Management.
• Item repec:esx:essedp:755 is not listed on IDEAS anymore

• Vladimir Yankov, 2014. "In Search of a Risk-free Asset," Finance and Economics Discussion Series 2014-108, Board of Governors of the Federal Reserve System (U.S.).
• Christopher Sims & Marco Del Negro, 2014. "When does a central bank's balance sheet require fiscal support?," 2014 Meeting Papers 763, Society for Economic Dynamics.
• Michał Brzeziński, 2015. "Inequality of opportunity in Europe before and after the Great Recession," Working Papers 2015-02, Faculty of Economic Sciences, University of Warsaw.
• Camille Cornand & Rodolphe Dos Santos Ferreira, 2015. "Playing the game the others want to play: Keynes’ beauty contest revisited," Working Papers of BETA 2015-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Ojo, Marianne, 2015. "Revisions to the simpler approaches to operational risk: the need for enhanced disclosures and risk sensitive measures," MPRA Paper 61329, University Library of Munich, Germany.
• Lahura, Erick & Vega, Marco, 2014. "Stock market development and real economic activity in Peru," Working Papers 2014-022, Banco Central de Reserva del Perú.
• Gianni Toniolo & Eugene N. White, 2015. "The Evolution of the Financial Stability Mandate: From Its Origins to the Present Day," NBER Working Papers 20844, National Bureau of Economic Research, Inc.
• Mathieu Taschereau-Dumouchel & Edouard Schaal, 2014. "Coordination Capital," 2014 Meeting Papers 723, Society for Economic Dynamics.
• Arkadiusz Borowiec, 2014. "A model assessing innovativeness of administra-tion units awarding public contracts as a tool to conduct economic policy of the state," Working Papers 25/2014, Institute of Economic Research, revised Dec 2014.
• Leonardo Gambacorta & Anamaria Illes & Marco Jacopo Lombardi, 2014. "Has the transmission of policy rates to lending rates been impaired by the Global Financial Crisis?," BIS Working Papers 477, Bank for International Settlements.
• Auboin, Marc & Blengini, Isabella, 2014. "The impact of Basel III on trade finance: The potential unintended consequences of the leverage ratio," WTO Staff Working Papers ERSD-2014-02, World Trade Organization (WTO), Economic Research and Statistics Division.
• François Geerolf & Thomas Grjebine, 2014. "Assessing House Price Effects on Unemployment Dynamics," Working Papers 2014-25, CEPII research center.
• Sunanda Sen & Zico DasGupta, 2015. "Financialization and Corporate Investments: The Indian Case," Economics Working Paper Archive wp_828, Levy Economics Institute.
• Thomas B. King & Kurt F. Lewis, 2014. "What Drives Bank Funding Spreads?," Working Paper Series WP-2014-23, Federal Reserve Bank of Chicago.
• Laetitia Chaix & Dominique Torre, 2015. "The Dual Role of Mobile Payment in Developing Countries," GREDEG Working Papers 2015-01, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
• Soldatos, Gerasimos T., 2015. "Five Paragraphs on the Common Political Economy of Abrahamic Religions; Shorter version: Three Paragraphs on the Common Economics of Abrahamic Religions, Contribuciones a la Economía, 2015, Jan. issue," MPRA Paper 59445, University Library of Munich, Germany.
• Sensoy, Ahmet & Hacihasanoglu, Erk & Rostom, Ahmed, 2015. "European economic and monetary union sovereign debt markets," Policy Research Working Paper Series 7149, The World Bank.
• Christopher M. Meissner, 2015. "The Limits of Bimetallism," NBER Working Papers 20852, National Bureau of Economic Research, Inc.
• Sérgio Wulff Gobetti, 2014. "Regras Fiscais no Brasil e na Europa: Um Estudo Comparativo e Propositivo," Discussion Papers 2018, Instituto de Pesquisa Econômica Aplicada - IPEA.
• Horacio Sapriza & Emircan Yurdagul & Juan Sanchez, 2014. "Sovereign default and the choice of maturity," 2014 Meeting Papers 799, Society for Economic Dynamics.
• Hall, Viv & Thomson, Peter & McKelvie, Stuart, 2015. "On trend robustness and end-point issues for New Zealand’s stylised business cycle facts," Working Paper Series 3761, Victoria University of Wellington, School of Economics and Finance.
• Bhavani, T.A. & Bhanumurthy, N.R., 2015. "Financial Access - Measurement and Determinants: A Case Study of Unorganised Manufacturing Enterprises in India," Working Papers 15/143, National Institute of Public Finance and Policy.
• Andrés M. Velasco & Camilo A. Cárdenas Hurtado, 2015. "A Macro CGE Model for the Colombian Economy," Borradores de Economia 863, Banco de la Republica de Colombia.
• Eisei Ohtaki, 2013. "Asymmetric Liquidity Shocks and Optimality of the Freidman Rule," Working Papers e058, Tokyo Center for Economic Research.
• Chletsos, Michael & Giotis, Georgios P., 2015. "The impact of minimum wage on employment in an economic downturn using data from 17 OECD countries for the period 1985-2008," MPRA Paper 61323, University Library of Munich, Germany.
• Mauro Mastrogiacomo & Rob Alessie, 2015. "Where are the retirement savings of self-employed? An analysis of 'unconventional' retirement accounts," DNB Working Papers 454, Netherlands Central Bank, Research Department.
• de Grauwe, Paul & Ji, Yuemei, 2015. "Market sentiments and the sovereign debt crisis in the Eurozone," FinMaP-Working Papers 28, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
• Eran Yashiv, 2015. "Capital Values and Job Values," Discussion Papers 1502, Centre for Macroeconomics (CFM).
• Berg, Ernst & Huffaker, Ray, 2014. "What drives the German hog price cyle? Diagnostic modelling of a nonlinear dynamic system," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182822, European Association of Agricultural Economists.
• International Monetary Fund, 2015. "El Salvador; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 15/13, International Monetary Fund.
• Anna Cudowska-Sojko, 2014. "Globalny kryzys gospodarczy a zadluzenie Polski," Working Papers 27/2014, Institute of Economic Research, revised Dec 2014.
• Felipe Rezende, 2015. "Why Does Brazil's Banking Sector Need Public Banks? What Should BNDES Do?," Economics Working Paper Archive wp_825, Levy Economics Institute.
• Schmid, Günther, 2015. "Youth Unemployment in India: From a European and Transitional Labour Market Point of View," IZA Policy Papers 95, Institute of Labor Economics (IZA).
• L. Randall Wray, 2015. "Minsky on Banking: Early Work on Endogenous Money and the Prudent Banker," Economics Working Paper Archive wp_827, Levy Economics Institute.
• Xue-Zhong He & Kai Li & Youwei Li, 2015. "Optimal Time Series Momentum," Research Paper Series 353, Quantitative Finance Research Centre, University of Technology, Sydney.
• Harold L. Cole & Jeremy Greenwood & Juan M. Sanchez, 2015. "Why Doesn't Technology Flow from Rich to Poor Countries?," NBER Working Papers 20856, National Bureau of Economic Research, Inc.
• Bernardo Batiz & Andrew Smith, 2014. "From Hierarchy to Market: the Changing Industrial Organization of Epistemic Communities During Hong Kongs Transition to a Cashless Society (1965-2005)," Working Papers 14003, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
• Yutaka Suzuki, 2014. "Centralization, Decentralization and Incentive Problems in Eurozone Financial Governance: A Contract Theory Analysis," Working Papers e072, Tokyo Center for Economic Research.
• International Monetary Fund, 2015. "Georgia; Financial Sector Assessment Program-Macroprudential Policy Framework-Technical Note," IMF Staff Country Reports 15/9, International Monetary Fund.
• Senay, Acikgöz & Mert, Merter, 2015. "The endogeneity of the natural rate of growth: An alternative approach," Economics Discussion Papers 2015-2, Kiel Institute for the World Economy (IfW Kiel).
• Wignaraja, Ganeshan & Jinjarak, Yothin, 2015. "Why Do SMEs Not Borrow More from Banks? Evidence from the People's Republic of China and Southeast Asia," ADBI Working Papers 509, Asian Development Bank Institute.
• Croonenbroeck, Carsten & Ambach, Daniel, 2014. "Censored spatial wind power prediction with random effects," Discussion Papers 362, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
• Takushi Kurozumi & Willem Van Zandweghe, 2014. "A pitfall of expectational stability analysis," Research Working Paper RWP 14-7, Federal Reserve Bank of Kansas City.
• Damien BROUSSOLLE, 2014. "Tertiarisation revisited in the perspective of Hill's views on services, with some insights on EU and France," Working Papers of LaRGE Research Center 2014-08, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
• Grazyna Wolska, 2014. "The review of theories of mainstream economics on the example of economic models," Working Papers 53/2014, Institute of Economic Research, revised Dec 2014.
• Валентина Михайловна Бондаренко, "undated". "Переход К Бескризисному Развитию: Миф Или Реальность? [Transition to Crisis-Free Development: a Myth or Reality?]," Working papers a:pbo590:21, Institute of Economics.
• Jeroen van den Bergh, 2015. "Green Agrowth as a Third Option: Removing the GDP-Growth Constraint on Human Progress," WWWforEurope Policy Paper series 19, WWWforEurope.