Report NEP-MAC-2016-01-03

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:

• David Rosnick & Mark Weisbrot, 2015. "Has Austerity Worked in Spain?," CEPR Reports and Issue Briefs 2015-27, Center for Economic and Policy Research (CEPR).
• Marine Charlotte André & Meixing Dai, 2015. "Central bank accountability under adaptive learning," Working Papers of BETA 2015-32, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Klara Halova & Roman Horvath, 2015. "International Spillovers of ECB’s Unconventional Monetary Policy: The Effect on Central and Eastern Europe," Working Papers 351, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
• Gjelsvik, Marit Linnea & Nymoen, Ragnar & Sparrman, Victoria, 2015. "Have Inflation Targeting and EU labour Immigration Changed the System of Wage Formation in Norway," Memorandum 18/2015, Oslo University, Department of Economics.
• Koki Oikawa & Kozo Ueda, 2015. "Short- and Long-Run Tradeoff Monetary Easing," UTokyo Price Project Working Paper Series 058, University of Tokyo, Graduate School of Economics.
• Francesco Saraceno & Roberto Tamborini, 2015. "How can it work? On the impact of quantitative easing in the Eurozone," DEM Working Papers 2015/03, Department of Economics and Management.
• Hiroshi Ugai, 2015. "Transmission Channels and Welfare Implications of Unconventional Monetary Easing Policy in Japan," UTokyo Price Project Working Paper Series 060, University of Tokyo, Graduate School of Economics, revised Dec 2015.
• Aleksandra Halka, 2015. "Lessons from the crisis.Did central banks do their homework?," NBP Working Papers 224, Narodowy Bank Polski.
• Konstantinos Theodoridis & Haroon Mumtaz, 2015. "Dynamic Effects of Monetary Policy Shocks on Macroeconomic Volatility," Working Papers 101219932, Lancaster University Management School, Economics Department.
• Söderberg, Johan, 2015. "Seasonality in the Frequency of Price Change and Optimal Monetary Policy," Research Papers in Economics 2015:11, Stockholm University, Department of Economics.
• Fernando Uscátegui & Mike Woodcock & Carlos Méndez, 2015. "An Approach About Monetary Policy Risk Balance In Colombia: A Multivariate Analysis Based On Time Series," Econógrafos, Escuela de Economía 14168, Universidad Nacional de Colombia, FCE, CID.
• Tsoulfidis, Lefteris, 2008. "Keynes on the Marginal Efficiency of Capital and the Great Depression," MPRA Paper 68539, University Library of Munich, Germany, revised 2015.
• Claudio, Morana, 2015. "The US$/€ exchange rate: Structural modeling and forecasting during the recent financial crises," Working Papers 321, University of Milano-Bicocca, Department of Economics, revised 28 Dec 2015.
• Krug, Sebastian, 2015. "The interaction between monetary and macroprudential policy: Should central banks "lean against the wind" to foster macrofinancial stability?," Economics Working Papers 2015-08, Christian-Albrechts-University of Kiel, Department of Economics.
• Gabrisch, Hubert, 2015. "Cross-border finance, trade imbalances and competitiveness in the euro area," MPRA Paper 68518, University Library of Munich, Germany.
• Todd Keister & Antoine Martin & James J. McAndrews, 2015. "Floor systems and the Friedman rule: the fiscal arithmetic of open market operations," Staff Reports 754, Federal Reserve Bank of New York.
• Dräger, Lena & Proaño, Christian R., 2015. "Cross-border banking and business cycles in asymmetric currency unions," BERG Working Paper Series 105, Bamberg University, Bamberg Economic Research Group.
• Charles T. Carlstrom & Timothy S. Fuerst, 2015. "Macro Credit Policy and the Financial Accelerator," Working Papers (Old Series) 1531, Federal Reserve Bank of Cleveland.
• Surico, Paolo & Cloyne, James & Ferreira, Clodomiro, 2015. "Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism," CEPR Discussion Papers 11023, C.E.P.R. Discussion Papers.
• Owen F. Humpage & Sanchita Mukherjee, 2015. "Even Keel and the Great Inflation," Working Papers (Old Series) 1532, Federal Reserve Bank of Cleveland.
• Felipe, Jesus & Sotocinal, Noli & Bayudan-Dacuycuy, Connie, 2015. "The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth," ADB Economics Working Paper Series 457, Asian Development Bank.
• Guner, Nezih & Ventura, Gustavo & Parkhomenko, Andrii, 2015. "Managers and Productivity Differences," CEPR Discussion Papers 11012, C.E.P.R. Discussion Papers.
• Guner, Nezih & Parkhomenko, Andrii & Ventura, Gustavo, 2015. "Managers and Productivity Differences," IZA Discussion Papers 9586, Institute of Labor Economics (IZA).
• McMahon, Michael & Hansen, Stephen, 2015. "Shocking language: Understanding the macroeconomic effects of central bank communication," CEPR Discussion Papers 11018, C.E.P.R. Discussion Papers.
• David Wiczer, 2015. "Long-Term Unemployment: Attached and Mismatched?," Working Papers 2015-42, Federal Reserve Bank of St. Louis.
• Taisuke Nakata & Sebastian Schmidt, 2014. "Conservatism and Liquidity Traps," UTokyo Price Project Working Paper Series 059, University of Tokyo, Graduate School of Economics, revised Jul 2015.
• Riccardo Pariboni, 2015. "Autonomous demand and the Marglin-Bhaduri model: a critical note," Department of Economics University of Siena 715, Department of Economics, University of Siena.
• Munechika Katayama & Kwang Hwan Kim, 2015. "Inter-sectoral Labor Immobility, Sectoral Co-movement, and News Shocks," Discussion papers e-15-011, Graduate School of Economics , Kyoto University.
• Aleksandra Hałka & Karol Szafranek, 2015. "Whose inflation is it anyway? The inflation spillovers between the euro area and small open economies," NBP Working Papers 223, Narodowy Bank Polski.
• Antonakakis, Nikolaos & Gogas, Periklis & Papadimitriou, Theophilos & Sarantitis, Georgios, 2015. "International Business Cycle Synchronization Since the 1870s: Evidence from a Novel Network Approach," DUTH Research Papers in Economics 2-2015, Democritus University of Thrace, Department of Economics.
• Rangan Gupta & Charl Jooste, 2015. "Unconventional Monetary Policy Shocks in OECD Countries: How Important is the Extent of Policy Uncertainty?," Working Papers 201587, University of Pretoria, Department of Economics.
• Vayanos, Dimitri & Greenwood, Robin & Hanson, Samuel G, 2015. "Forward Guidance in the Yield Curve: Short Rates versus Bond Supply," CEPR Discussion Papers 11005, C.E.P.R. Discussion Papers.
• Miura, Shinji, 2015. "Graphic explanation for welfare economic foundation of hoarding loss," MPRA Paper 68551, University Library of Munich, Germany.
• Müller, Gernot & Wolf, Martin & Kuvshinov, Dmitry, 2015. "Deleveraging, deflation and depreciation in the euro area," CEPR Discussion Papers 11015, C.E.P.R. Discussion Papers.
• Woodford, Michael & Cúrdia, Vasco, 2015. "Credit Frictions and Optimal Monetary Policy," CEPR Discussion Papers 11016, C.E.P.R. Discussion Papers.
• Nagore García, Amparo & van Soest, Arthur, 2015. "New Job Matches and Their Stability Before and During the Crisis," IZA Discussion Papers 9574, Institute of Labor Economics (IZA).
• Feld, Lars P. & Köhler, Ekkehard A., 2015. "Is Switzerland an interest rate island after all? Time series and non-linear switching regime evidence," Freiburg Discussion Papers on Constitutional Economics 15/08, Walter Eucken Institut e.V..
• Álvaro Zerda Sarmiento, 2015. "La economía de Colombia, entre la apertura y el extractivismo," Documentos de Trabajo, Escuela de Economía 14166, Universidad Nacional de Colombia, FCE, CID.
• Leonardo Nogueira Ferreira & Márcio Issao Nakane, 2015. "Macroprudential Policy in a DSGE Model: anchoring the countercyclical capital buffer," Working Papers, Department of Economics 2015_45, University of São Paulo (FEA-USP).
• B. Camara & F.-D. Castellani & H. Fraisse & L. Frey & C. Héam & L. Labonne & V. Martin, 2015. "MERCURE : A Macroprudential Stress Testing Model developed at the ACPR," Débats économiques et financiers 19, Banque de France.
• Arora, Vipin, 2015. "Consumer Credit, Oil Prices, and the U.S. Economy," MPRA Paper 68563, University Library of Munich, Germany.
• Anaya, Pablo & Hachula, Michael & Offermanns, Christian, 2015. "Spillovers of U.S. unconventional monetary policy to emerging markets: The role of capital flows," Discussion Papers 2015/35, Free University Berlin, School of Business & Economics.
• Skreta, Vasiliki & Giacomini, Raffaella & Turén, Javier, 2015. "Models, Inattention and Expectation Updates," CEPR Discussion Papers 11004, C.E.P.R. Discussion Papers.
• Battaile,William G. & Hernandez,Fernando Leonardo & Norambuena,Vivian, 2015. "Debt sustainability in Sub-Saharan Africa : unraveling country-specific risks," Policy Research Working Paper Series 7523, The World Bank.
• Proaño, Christian R. & Lojak, Benjamin, 2015. "Debt stabilization and macroeconomic volatility in monetary unions under heterogeneous sovereign risk perceptions," BERG Working Paper Series 106, Bamberg University, Bamberg Economic Research Group.
• Katsurako Sonoda & Nao Sudo, 2015. "Is macroprudential policy instrument blunt?," Bank of Japan Working Paper Series 15-E-11, Bank of Japan.
• Sebastian Edwards & Francis A. Longstaff & Alvaro Garcia Marin, 2015. "The U.S. Debt Restructuring of 1933: Consequences and Lessons," NBER Working Papers 21694, National Bureau of Economic Research, Inc.
• Khraief, Naceur & Shahbaz, Muhammad & Heshmati, Almas & Azam, Muhammad, 2015. "Are Unemployment Rates in OECD Countries Stationary? Evidence from Univariate and Panel Unit Root Tests," IZA Discussion Papers 9571, Institute of Labor Economics (IZA).
• Zeyyad Mandalinci, 2015. "Forecasting Inflation in Emerging Markets: An Evaluation of Alternative Models," CReMFi Discussion Papers 3, CReMFi, School of Economics and Finance, QMUL.
• Sun, Lixin & Huang, Yuqin, 2013. "Measuring the Instability of China’s Financial System: Indices Construction and an Early Warning System," MPRA Paper 68497, University Library of Munich, Germany, revised 2014.
• Jean-Pierre Allegret & Audrey Sallenave, 2015. "The Role of International Reserves Holding in Buffering External Shocks," EconomiX Working Papers 2015-41, University of Paris Nanterre, EconomiX.
• Pawel Baranowski & Zbigniew Kuchta, 2015. "Changes in nominal rigidities in Poland – a regime switching DSGE perspective," Lodz Economics Working Papers 6/2015, University of Lodz, Faculty of Economics and Sociology.
• Nikolaos Antonakakis & Rangan Gupta & Aviral Kumar Twari, 2015. "Time-Varying Correlations between Trade Balance and Stock Prices in the United States over the Period 1792 to 2013," Working Papers 2015100, University of Pretoria, Department of Economics.
• Mikhail V. Oet & Stephen J. Ong, 2015. "From Organization to Activity in the US Collateralized Interbank Market," Working Papers (Old Series) 1529, Federal Reserve Bank of Cleveland.
• Klaus Schmidt-Hebbel & José Carlos Tello, 2014. "The Political Economy of Growth, Inequality, the Size and Composition of Government Spending," Documentos de Trabajo 453, Instituto de Economia. Pontificia Universidad Católica de Chile..
• Roman Horvath & Dominika Katuscakova, 2015. "Transparency and Trust: The Case of the European Central Bank," Working Papers 352, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
• Richard Ashley & Randal J. Verbrugge, 2015. "Persistence Dependence in Empirical Relations: The Velocity of Money," Working Papers (Old Series) 1530, Federal Reserve Bank of Cleveland.
• Ferrarini , Benno & Ramayandi, Arief, 2015. "Public Debt Sustainability in Developing Asia: An Update," ADB Economics Working Paper Series 468, Asian Development Bank.
• Ludwig, Johannes, 2015. "Is there heterogeneity in the response of consumption to income shocks?," Ruhr Economic Papers 595, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Miura, Shinji, 2015. "Unified money circulation equation and an analogical explanation for its solvability," MPRA Paper 68550, University Library of Munich, Germany, revised 27 Dec 2015.
• Levrero, Enrico Sergio, 2015. "An initial 'Keynesian illness'? Friedman on taxation and the inflationary gap," MPRA Paper 68547, University Library of Munich, Germany.
• Yunmin Chen & YiLi Chien & Michael T. Owyang, 2015. "Individual and Aggregate Constrained Efficient Intertemporal Wedges in Dynamic Mirrleesian Economies," Working Papers 2015-43, Federal Reserve Bank of St. Louis.
• Jan Tore Klovland & Lars Fredrik Øksendal, 2015. "The decentralised central bank: regional bank rate autonomy in Norway, 1850-1892," Working Paper 2015/20, Norges Bank.
• Stefano Bosi & David Desmarchelier, 2015. "Limit Cycles under a Negative Effect of Pollution on Consumption Demand: The Role of an Environmental Kuznets Curve," CEEES Paper Series CE3S-03/15, European University at St. Petersburg, Department of Economics.
• Allan H. Meltzer, 2015. "Karl Brunner, Scholar: An Appreciation," Economics Working Papers 15116, Hoover Institution, Stanford University.
• Klaus Schmidt-Hebbel & Raimundo Soto & Ibrahim A. Elbadawi, 2014. "Why Do Countries Have Fiscal Rules?," Documentos de Trabajo 452, Instituto de Economia. Pontificia Universidad Católica de Chile..
• KACI, Said & ACHOUCHE, Mohamed, 2015. "Dépenses publiques et croissance économique en Algérie: approche par un modèle de contrôle optimal [Public expenditure and economic growth in Algeria: approach by optimal control model]," MPRA Paper 68499, University Library of Munich, Germany.
• Wei , Shang-Jin & Zhang, Xiaobo, 2015. "The Competitive Saving Motive: Concept, Evidence, and Implications," ADB Economics Working Paper Series 465, Asian Development Bank.
• Giorgio Calcagnini & Germana Giombini & Giuseppe Travaglini, 2015. "The productivity gap among European countries," Working Papers 1510, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2015.
• Lise Clain-Chamosset-Yvrard & Takashi Kamihigashi, 2015. "International Transmission of Bubble Crashes in a Two-Country Overlapping Generations," Discussion Paper Series DP2015-43, Research Institute for Economics & Business Administration, Kobe University.
• Tatiana Didier & M. Ayhan Kose & Franziska Ohnsorge & Lei Sandy Ye, 2015. "Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?," Koç University-TUSIAD Economic Research Forum Working Papers 1529, Koc University-TUSIAD Economic Research Forum.
• Nagayasu, Jun, 2015. "Regional Inflation and Consumption Behaviors," MPRA Paper 68566, University Library of Munich, Germany.
• Roos, Michael W. M., 2015. "The macroeconomics of radical uncertainty," Ruhr Economic Papers 592, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Monokroussos, George, 2015. "Nowcasting in Real Time Using Popularity Priors," MPRA Paper 68594, University Library of Munich, Germany.
• Luciani, Matteo & Pundit, Madhavi & Ramayandi, Arief & Veronese , Giovanni, 2015. "Nowcasting Indonesia," ADB Economics Working Paper Series 471, Asian Development Bank.
• Sambracos, Evangelos & Maniati, Marina, 2015. "Analysis of Financial Crisis Results on Dry Bulk Market & Financing," MPRA Paper 68601, University Library of Munich, Germany.
• James B. Bullard, 2015. "A Hat Trick for the FOMC," Speech 259, Federal Reserve Bank of St. Louis.
• Shushanik Papanyan, 2015. "Digitization and Productivity: Measuring Cycles of Technological Progress," Working Papers 15/33, BBVA Bank, Economic Research Department.
• Javier G. Gómez-Pineda, 2015. "La inflación bajo una perspectiva monetaria: Colombia: 1951-1963 / Inflation under a monetary framework: Colombia, 1951–1963," Borradores de Economia 921, Banco de la Republica de Colombia.
• FUJITA Shigeru & FUJIWARA Ippei, 2015. "Declining Trends in the Real Interest Rate and Inflation: Role of aging," Discussion papers 15140, Research Institute of Economy, Trade and Industry (RIETI).
• Khan, Karim, 2015. "Extractive Institutional Structure and Economic Development: Evidence from Nigeria," MPRA Paper 68559, University Library of Munich, Germany.
• Yuri Yatsenko, 2015. "Models and Games with Adaptation and Mitigation," CEEES Paper Series CE3S-01/15, European University at St. Petersburg, Department of Economics.
• Tanaka, Sakiko & Spohr, Christopher & D’Amico, Sandra, 2015. "Myanmar Human Capital Development, Employment, and Labor Markets," ADB Economics Working Paper Series 469, Asian Development Bank.
• Stelios D. Bekiros & Alessia Paccagnini, 2015. "Macroprudential policy and forecasting using Hybrid DSGE models with financial frictions and State space Markov-Switching TVP-VARs," Open Access publications 10197/7333, School of Economics, University College Dublin.
• Malte Rieth, 2015. "Can Central Banks Successfully Lean against Global Headwinds?," DIW Roundup: Politik im Fokus 88, DIW Berlin, German Institute for Economic Research.
• SATO Motohiro & OGURO Kazumasa, 2015. "Construction and Analysis of a Basic Macro-economic and Earthquake Disaster Model with a Supply Chain Framework and Constraints in Finance Lending Capacity," ESRI Discussion paper series 324, Economic and Social Research Institute (ESRI).
• Holton, Niamh & O'Neill, Donal, 2015. "The Changing Nature of Irish Wage Inequality from Boom to Bust," IZA Discussion Papers 9580, Institute of Labor Economics (IZA).
• Roc Armenter, 2015. "On the use of market-based probabilities for policy decisions," Working Papers 15-44, Federal Reserve Bank of Philadelphia.
• Daniele Girardi & Riccardo Pariboni, 2015. "Autonomous demand and economic growth:some empirical evidence," Department of Economics University of Siena 714, Department of Economics, University of Siena.
• Burret, Heiko T. & Feld, Lars P. & Köhler, Ekkehard A., 2015. "(Un-)Sustinability of public finances in German Laender: A panel time series approach," Freiburg Discussion Papers on Constitutional Economics 15/09, Walter Eucken Institut e.V..
• Rangan Gupta & Mark E. Wohar, 2015. "Forecasting Oil and Stock Returns with a Qual VAR using over 150 Years of Data," Working Papers 201589, University of Pretoria, Department of Economics.
• Sun, Lixin, 2015. "China’s Debt: Structure, Determinants and Sustainability," MPRA Paper 68548, University Library of Munich, Germany, revised Oct 2015.
• Dmitry I. Malakhov & Nikolay P. Pilnik & Igor G. Pospelov, 2015. "Stability of Distribution of Relative Sizes of Banks as an Argument for the Use of the Representative Agent Concept," HSE Working papers WP BRP 116/EC/2015, National Research University Higher School of Economics.
• Mehmet Balcilar & Rangan Gupta & Clement Kyei & Mark Wohar, 2015. "Does Economic Policy Uncertainty Predict Exchange Rate Returns and Volatility? Evidence from a Nonparametric Causality-in-Quantiles Test," Working Papers 201599, University of Pretoria, Department of Economics.
• Jean-Charles BRICONGNE, 2015. "The Quantity Theory of Money Revisited: The Improved Short-Term Predictive Power of Household Money Holdings with Regard to Prices," LEO Working Papers / DR LEO 2296, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
• Den Haan, Wouter & Rendahl, Pontus & Kobielarz, Michal, 2015. "Exact Present Solution with Consistent Future Approximation: A Gridless Algorithm to Solve Stochastic Dynamic Models," CEPR Discussion Papers 10999, C.E.P.R. Discussion Papers.
• Paul Mizen & Veronica Veleanu, 2015. "On the Information Flow from Credit Derivatives to the Macroeconomy," Discussion Papers 2015/21, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
• McQuinn, Kieran, 2015. "European Fiscal Policy During the Crisis: An Irish Perspective," Research Notes RN2015/3/3, Economic and Social Research Institute (ESRI).
• Fábio Martins Serrano & Márcio Issao Nakane, 2015. "Impacto regional da política monetária no Brasil: uma abordagem Bayesiana," Working Papers, Department of Economics 2015_44, University of São Paulo (FEA-USP).
• Barenberg, Andrew J. & Basu, Deepankar & Soylu, Ceren, 2015. "The Effect of Public Health Expenditure on Infant Mortality: Evidence from a Panel of Indian States, 1983-84 to 2011-12," UMASS Amherst Economics Working Papers 2015-19, University of Massachusetts Amherst, Department of Economics.
• Reinhart, Carmen & Trebesch, Christoph, 2015. "The International Monetary Fund: 70 Years of Reinvention," CEPR Discussion Papers 10998, C.E.P.R. Discussion Papers.
• Item repec:cte:wbrepe:wb1503 is not listed on IDEAS anymore

• ITO Takatoshi & SHIMIZU Junko, 2015. "Challenges of the Japanese Economy: From the viewpoint of international macroeconomics (Japanese)," Policy Discussion Papers (Japanese) 15019, Research Institute of Economy, Trade and Industry (RIETI).