Report NEP-MAC-2015-06-13

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:

• Philippe Bacchetta & Elena Perazzi & Eric van Wincoop, 2015. "Self-Fulfilling Debt Crises: Can Monetary Policy Really Help?," Cahiers de Recherches Economiques du Département d'économie 15.06, Université de Lausanne, Faculté des HEC, Département d’économie.
• Greg Hannsgen & Tai Young-Taft, 2015. "Inside Money in a Kaldor-Kalecki-Steindl Fiscal Policy Model: The Unit of Account, Inflation, Leverage, and Financial Fragility," Economics Working Paper Archive wp_839, Levy Economics Institute.
• Klein, Mathias & Krause, Christopher, 2014. "Income Redistribution, Consumer Credit,and Keeping up with the Riches," Ruhr Economic Papers 509, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Kei Imakubo & Haruki Kojima & Jouchi Nakajima, 2015. "The natural yield curve: its concept and measurement," Bank of Japan Working Paper Series 15-E-5, Bank of Japan.
• Nicola Fuchs-Schuendeln & Tarek Alexander Hassan, 2015. "Natural Experiments in Macroeconomics," NBER Working Papers 21228, National Bureau of Economic Research, Inc.
• Daniel Harenberg & Ludwig, Alexander, 2015. "Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security," MEA discussion paper series 201403, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
• Richhild Moessner & David-Jan Jansen & Jakob de Haan, 2015. "Communication about future policy rates in theory and practice: A Survey," DNB Working Papers 475, Netherlands Central Bank, Research Department.
• Baas, Timo & Belke, Ansgar, 2014. "Labor Market Reforms and Current Account Imbalances - Beggar-thy-Neighbor Policies in a Currency Union?," Ruhr Economic Papers 505, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Murat Alikhanov & Leon Taylor, 2015. "Real or nominal shock – which one does more to destabilize developing economies? The case of money velocity in Kazakhstan," Bulgarian Economic Papers bep-2015-06, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised May 2015.
• Kaloyan Ganev, 2015. "A Small Model for Output Gap and Potential Growth Estimation. An Application to Bulgaria," Bulgarian Economic Papers bep-2015-04, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Mar 2015.
• Jinill Kim & Seth Pruitt, 2015. "Estimating Monetary Policy Rules When Nominal Interest Rates Are Stuck at Zero," Discussion Paper Series 1502, Institute of Economic Research, Korea University.
• Roberto Piazza, 2015. "Deflation expectations and Japan's lost decade," Questioni di Economia e Finanza (Occasional Papers) 274, Bank of Italy, Economic Research and International Relations Area.
• Andrea Gerali & Alberto Locarno & Alessandro Notarpietro & Massimiliano Pisani, 2015. "Every cloud has a silver lining. The sovereign crisis and Italian potential output," Temi di discussione (Economic working papers) 1010, Bank of Italy, Economic Research and International Relations Area.
• Akturk, Halit & Gocen, Hasan & Duran, Suleyman, 2015. "Money Multiplier under Reserve Option Mechanism," MPRA Paper 64803, University Library of Munich, Germany.
• Paul Kitney, 2015. "Does the central bank respond to credit market factors? A Bayesian DSGE approach," CAMA Working Papers 2015-21, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Paolo Angelini, 2015. "Macroprudential policies: a discussion of the main issues," Questioni di Economia e Finanza (Occasional Papers) 271, Bank of Italy, Economic Research and International Relations Area.
• Stephanie Schmitt-Grohé & Martín Uribe, 2015. "How Important Are Terms Of Trade Shocks?," NBER Working Papers 21253, National Bureau of Economic Research, Inc.
• Item repec:dau:papers:123456789/14524 is not listed on IDEAS anymore

• Portier, Franck & Beaudry, Paul & Galizia, Dana, 2015. "Reviving the Limit Cycle View of Macroeconomic Fluctuations," CEPR Discussion Papers 10645, C.E.P.R. Discussion Papers.
• Ahmed Waqar Qasim & M. Ali Kemal & Omer Siddique, 2015. "Fiscal Consolidation and Economic Growth: A Case Study of Pakistan," PIDE-Working Papers 2015:124, Pakistan Institute of Development Economics.
• Vogel, Edgar, 2014. "Optimal Level of Government Debt: Matching Wealth Inequality and the Fiscal Sector," MEA discussion paper series 201410, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
• Paul Beaudry & Dana Galizia & Franck Portier, 2015. "Reviving the Limit Cycle View of Macroeconomic Fluctuations," NBER Working Papers 21241, National Bureau of Economic Research, Inc.
• Aleksandar Vasilev, 2015. "US Health and Aggregate Fluctuations," Bulgarian Economic Papers bep-2015-01, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Feb 2015.
• Belke, Ansgar, 2014. "Monetary Dialogue 2009-2014 – Looking Backward, Looking Forward," Ruhr Economic Papers 477, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Lie, Denny & Yadav, Anirudh S., 2015. "Time-Varying Trend Inflation and the New Keynesian Phillips Curve in Australia," Working Papers 2015-14, University of Sydney, School of Economics.
• Kim, Dongkoo & Rhee, Tae-hwan & Ryu, Keunkwan & Shin, Changmock, 2015. "Crowdsourcing of Economic Forecast – Combination of Forecasts Using Bayesian Model Averaging," Ruhr Economic Papers 546, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Cecchetti, Stephen & Kharroubi, Enisse, 2015. "Why does financial sector growth crowd out real economic growth?," CEPR Discussion Papers 10642, C.E.P.R. Discussion Papers.
• Harenberg, Daniel & Ludwig, Alexander, 2014. "Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk," MEA discussion paper series 201413, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
• Ehrmann, Michael & Ziegelmeyer, Michael, 2014. "Household Risk Management and Actual Mortgage Choice in the Euro Area," MEA discussion paper series 201406, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
• Andrea Teglio & Andrea Mazzocchetti & Linda Ponta & Marco Raberto & Silvano Cincotti, 2015. "Budgetary rigour with stimulus in lean times: Policy advices from an agent-based model," Working Papers 2015/07, Economics Department, Universitat Jaume I, Castellón (Spain).
• John Haltiwanger & Henry Hyatt & Erika McEntarfer, 2015. "Cyclical Reallocation of Workers Across Employers by Firm Size and Firm Wage," NBER Working Papers 21235, National Bureau of Economic Research, Inc.
• Chun Chang & Kaiji Chen & Daniel F. Waggoner & Tao Zha, 2015. "Trends and Cycles in China's Macroeconomy," NBER Working Papers 21244, National Bureau of Economic Research, Inc.
• Döhrn, Roland & an de Meulen, Philipp, 2015. "Weather, the Forgotten Factor in Business Cycle Analyses," Ruhr Economic Papers 539, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• He, Zhiguo & Krishnamurthy, Arvind, 2015. "A Macroeconomic Framework for Quantifying Systemic Risk," Research Papers 3277, Stanford University, Graduate School of Business.
• Belke, Ansgar & Böing, Tobias, 2014. "Sacrifice Ratios for Euro Area Countries – New Evidence on the Costs of Price Stability," Ruhr Economic Papers 520, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Gros, Daniel & Alcidi, Cinzia & Belke, Ansgar & Coutinho, Leonor & Giovannini, Alessandro, 2014. "State-of-Play in Implementing Macroeconomic Adjustment Programmes in the Euro Area," Ruhr Economic Papers 482, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Belke, Ansgar, 2014. "Exit Strategies and Their Impact on the Euro Area - A Model Based View," Ruhr Economic Papers 467, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Schlicht, Ekkehart, 2015. "Directed Technical Change and Capital Deepening: A Reconsideration of Kaldor’s Technical Progress Function," Discussion Papers in Economics 24853, University of Munich, Department of Economics.
• Imane El Ouadghiri & Remzi Uctum, 2015. "Jumps in Equilibrium Prices and Asymmetric News in Foreign Exchange Markets," EconomiX Working Papers 2015-14, University of Paris Nanterre, EconomiX.
• Farley Grubb, 2015. "Colonial New Jersey’s Provincial Fiscal Structure, 1709-1775: Spending Obligations, Revenue Sources, and Tax Burdens in War and in Peace," Working Papers 15-08, University of Delaware, Department of Economics.
• Item repec:tiu:tiucen:bd09917e-4277-418c-8d8e-5bd5b8439fd3 is not listed on IDEAS anymore

• Marlene Karl, 2015. "Are Ethical and Social Banks Less Risky? Evidence from a New Dataset," Discussion Papers of DIW Berlin 1484, DIW Berlin, German Institute for Economic Research.
• Christopher G. Gibbs, 2015. "Overcoming the Forecast Combination Puzzle: Lessons from the Time-Varying Effciency of Phillips Curve Forecasts of U.S. Inflation," Discussion Papers 2015-09, School of Economics, The University of New South Wales.
• Mathä, Thomas Y. & Porpiglia, Alessandro & Ziegelmeyer, Michael, 2014. "Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics," MEA discussion paper series 201412, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
• Konstantin A. Kholodilin & Christian Kolmer & Tobias Thomas & Dirk Ulbricht, 2015. "Asymmetric Perceptions of the Economy: Media, Firms, Consumers, and Experts," Discussion Papers of DIW Berlin 1490, DIW Berlin, German Institute for Economic Research.
• Vogel, Edgar & Ludwig, Alexander & Börsch-Supan, Axel, 2015. "Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation," MEA discussion paper series 201206, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
• von der Lippe, Peter, 2015. "Generalized Statistical Means and New Price Index Formulas, Notes on some unexplored index formulas, their interpretations and generalizations," MPRA Paper 64952, University Library of Munich, Germany.
• Gumbau-Brisa, Fabià & Lie, Denny, 2015. "Comments on "Trend Inflation, Indexation, and Inflation Persistence in the New Keynesian Phillips Curve"," Working Papers 2015-13, University of Sydney, School of Economics.
• Item repec:ilo:ilowps:487475 is not listed on IDEAS anymore

• Koehler-Geib,Fritzi & Hnatkovska,Viktoria, 2015. "Business cycles accounting for Paraguay," Policy Research Working Paper Series 7284, The World Bank.
• Ludwig, Alexander & Schön, Matthias, 2014. "Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods," MEA discussion paper series 201309, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
• Laurent Callot & Johannes Tang Kristensen, 2015. "Regularized Estimation of Structural Instability in Factor Models: The US Macroeconomy and the Great Moderation," Tinbergen Institute Discussion Papers 15-069/III, Tinbergen Institute.
• Silvia Fabiani & Mario Porqueddu, 2015. "Changing prices ... changing times: evidence for Italy," Questioni di Economia e Finanza (Occasional Papers) 275, Bank of Italy, Economic Research and International Relations Area.
• Damián Kennedy, 2014. "Las tensiones actuales de la economía argentina como resultado de la evolución de los determinantes estructurales de su ciclo económico," Ensayos de Economía 13005, Universidad Nacional de Colombia Sede Medellín.
• Klima, Grzegorz & Podemski, Karol & Retkiewicz-Wijtiwiak, Kaja & Sowińska, Anna E., 2015. "Smets-Wouters '03 model revisited - an implementation in gEcon," MPRA Paper 64440, University Library of Munich, Germany.
• Laurent Callot & Johannes Tang Kristensen, 2015. "Regularized Estimation of Structural Instability in Factor Models: The US Macroeconomy and the Great Moderation," CREATES Research Papers 2015-29, Department of Economics and Business Economics, Aarhus University.
• Regis Barnichon & Andrew Figura, 2015. "Declining Desire to Work and Downward Trends in Unemployment and Participation," NBER Working Papers 21252, National Bureau of Economic Research, Inc.
• Kitlinski, Tobias & an de Meulen, Philipp, 2015. "The role of targeted predictors for nowcasting GDP with bridge models: Application to the Euro area," Ruhr Economic Papers 559, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Yuzo Honda & Hitoshi Inoue, 2015. "Three Alternative Hypotheses On The Yen-Dollar Exchange Rate Over The Last 30 Years," Discussion Papers in Economics and Business 15-15, Osaka University, Graduate School of Economics.
• Tröger, Tobias H., 2015. "Regulatory influence on market conditions in the banking union: The cases of macro-prudential instruments and the bail-in tool," SAFE Working Paper Series 109, Leibniz Institute for Financial Research SAFE.
• Bachmann, Ronald & Bechara, Peggy & Kramer, Anica & Rzepka, Sylvi, 2014. "Labour Market Dynamics and Worker Heterogeneity During the Great Recession – Evidence from Europe," Ruhr Economic Papers 499, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Ludwig, Johannes, 2014. "The Role of Education and Household Composition for Transitory and Permanent Income Inequality. Evidence from PSID Data," Ruhr Economic Papers 478, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Fuchun Li, 2015. "Testing for the Diffusion Matrix in a Continuous-Time Markov Process Model with Applications to the Term Structure of Interest Rates," Staff Working Papers 15-17, Bank of Canada.
• Davinson Stev Abril Salcedo & Luis Fernando Melo Velandia & Daniel Parra Amado, 2015. "Heterogeneidad de los Índices de Producción Sectoriales de la Industria Colombiana," Borradores de Economia 12973, Banco de la Republica.
• Item repec:ilo:ilowps:487471 is not listed on IDEAS anymore

• Belke, Ansgar & Gros, Daniel, 2015. "Banking Union as a Shock Absorber," Ruhr Economic Papers 548, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Caporin, Massimiliano & Pelizzon, Loriana & Ravazzolo, Francesco & Rigobon, Roberto, 2015. "Measuring sovereign contagion in Europe," SAFE Working Paper Series 103, Leibniz Institute for Financial Research SAFE.
• Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2014. "Pacific Private Sector Development Initiative Progress Report 2013-2014," ADB Reports RPT146723-2, Asian Development Bank (ADB).
• Mark Huggett & Greg Kaplan, 2015. "How Large is the Stock Component of Human Capital?," NBER Working Papers 21238, National Bureau of Economic Research, Inc.
• Bartzsch, Nikolaus & Seitz, Franz & Setzer, Ralph, 2015. "The demand for euro banknotes in Germany: Structural modelling and forecasting," MPRA Paper 64949, University Library of Munich, Germany.
• Tóth, József, 2015. "The Financial Background of the European Deposit Guarantee Schemes and the Resolution Mechanism," MPRA Paper 64794, University Library of Munich, Germany.
• Ludwig, Johannes, 2015. "Income Shocks or Insurance - What Determines Consumption Inequality?," Ruhr Economic Papers 550, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• David Coble & Sebastián Faúndez, 2015. "The Labor Wedge and Business Cycle in Chile," Working Papers Central Bank of Chile 758, Central Bank of Chile.
• Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2014. "Bangladesh Quarterly Economic Update September 2014," ADB Reports RPS147019-2, Asian Development Bank (ADB).
• Melvin Stephens, Jr. & Takashi Unayama, 2015. "Estimating the Impacts of Program Benefits: Using Instrumental Variables with Underreported and Imputed Data," NBER Working Papers 21248, National Bureau of Economic Research, Inc.
• Liu, Kai & Zhou, Xuan, 2015. "The U.S. Dollar and Global Imbalances," MPRA Paper 64786, University Library of Munich, Germany.
• Kitlinski, Tobias, 2015. "The robustness of the effects of public investment in infrastructure on private output: Evidence for Germany," Ruhr Economic Papers 560, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Kitlinski, Tobias, 2015. "With or without you: Do financial data help to forecast industrial production?," Ruhr Economic Papers 558, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Rühl, Tobias R. & Stein, Michael, 2014. "Discovering and Disentangling Effects of US Macro-Announcements in European Stock Markets," Ruhr Economic Papers 500, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Daniel Belingher, 2015. "Dinamica cheltuielilor guvernamentale în functie de ciclurile electorale – Cazul României (International Conference “EUROPEAN PERSPECTIVE OF LABOR MARKET - INOVATION, EXPERTNESS, PERFORMANCE”)," Institute for Economic Forecasting Conference Proceedings 141110, Institute for Economic Forecasting.
• GHARDACH, jaouad, 2014. "The Exchange Rate Pass-Through To Import Prices: A Panel Evidence From Developing Countries," MPRA Paper 64938, University Library of Munich, Germany.
• Silvia Faggian & Giuseppe Freni, 2015. "A Ricardian Model of Forestry," Working Papers 2015:12, Department of Economics, University of Venice "Ca' Foscari", revised 2015.
• Borek Vašícek & Diana Žigraiová & Marco Hoeberichts & Robert Vermeulen & Katerina Šmídková & Jakob de Haan, 2015. "Leading indicators of financial stress: New evidence," DNB Working Papers 476, Netherlands Central Bank, Research Department.
• Eduardo Antonelli, 2014. "La distribución del ingreso. Un enfoque alternativo," Ensayos de Economía 13007, Universidad Nacional de Colombia Sede Medellín.
• Fairfield, Tasha, 2013. "Going where the money is: strategies for taxing economic elites in unequal democracies," LSE Research Online Documents on Economics 49828, London School of Economics and Political Science, LSE Library.
• Peter, Eckley, 2015. "Measuring economic uncertainty using news-media textual data," MPRA Paper 64874, University Library of Munich, Germany, revised 01 May 2015.
• Benoît Carmichael & Jean Armand Gnagne & Kevin Moran, 2015. "Securities Transactions Taxes and Financial Crises," Cahiers de recherche 1515, CIRPEE.
• Byrnes, Liam & Brown, Colin, 2015. "Australia’s renewable energy policy: the case for intervention," MPRA Paper 64977, University Library of Munich, Germany.
• Herzog, Alexander & Benoit, Kenneth, 2015. "The most unkindest cuts: speaker selection and expressed government dissent during economic crisis," LSE Research Online Documents on Economics 62243, London School of Economics and Political Science, LSE Library.
• Hossen, Sayed Mohibul, 2015. "A Statistical Analysis on Production of Chili and Its' Prospect in Bangladesh," MPRA Paper 64832, University Library of Munich, Germany.
• Bucher-Koenen, Tabea & Koenen, Johannes, 2015. "Do Seemingly Smarter Consumers Get Better Advice?," MEA discussion paper series 201501, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
• Ojo, Marianne, 2015. "Harmonising Hayek and Posner: revisiting Posner, Hayek & the economic analysis of Law," MPRA Paper 64780, University Library of Munich, Germany.