Report NEP-MAC-2016-10-30

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:

• Monaheng Seleteng, 2016. "Effects of South African Monetary Policy Implementation on the CMA: A Panel Vector Autoregression Approach," Working Papers 643, Economic Research Southern Africa.
• D'Acunto, Francesco & Hoang, Daniel & Weber, Michael, 2016. "The effect of unconventional fiscal policy on consumption expenditure," Working Paper Series in Economics 94, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
• Haldane, Andrew & Roberts-Sklar, Matt & Wieladek, Tomasz & Young, Chris, 2016. "QE: The Story so far," Bank of England working papers 624, Bank of England.
• Fabio Busetti & Pietro Cova & Antonio Maria Conti & Filippo Scoccianti & Libero Monteforte & Giordano Zevi & Valentina Aprigliano & Andrea Gerali & Alberto Locarno & Alessandro Notarpietro & Massimili, 2014. "The effects of the crisis on production potential and household spending in Italy," Workshop and Conferences 18, Bank of Italy, Economic Research and International Relations Area.
• Canova, Fabio & Ciccarelli, Matteo & Altavilla, Carlo, 2016. "Mending the broken link: heterogeneous bank lending and monetary policy pass-through," CEPR Discussion Papers 11584, C.E.P.R. Discussion Papers.
• Richard Dennis & Pelin Ilbas, 2016. "Monetary and Macroprudential Policy Games in a Monetary," Working Paper Research 304, National Bank of Belgium.
• Abbate, Angela & Eickmeier, Sandra & Prieto, Esteban, 2016. "Financial shocks and inflation dynamics," Discussion Papers 41/2016, Deutsche Bundesbank.
• Chernov, Mikhail & Schmid, Lukas & Schneider, Andres, 2016. "A Macrofinance View of U.S. Sovereign CDS Premiums," CEPR Discussion Papers 11576, C.E.P.R. Discussion Papers.
• Paul Hubert & Fabien Labondance, 2016. "Central Bank sentiment and policy expectations," Documents de Travail de l'OFCE 2016-29, Observatoire Francais des Conjonctures Economiques (OFCE).
• Galo Nuño & Carlos Thomas, 2016. "Optimal monetary policy with heterogeneous agents (Updated September 2019)," Working Papers 1624, Banco de España, revised Sep 2019.
• Aliaga-Díaz, Roger & Olivero , María Pía & Powell, Andrew, 2016. "Anti-Cyclical Bank Capital Regulation and Monetary Policy," School of Economics Working Paper Series 2016-16, LeBow College of Business, Drexel University.
• Rita Cappariello & Alberto Felettigh & Jo�o Amador & Robert Stehre & Giacomo Oddo & Stefano Federico & Alessandro Borin & Michele Mancini & Sara Formai & Filippo Vergara Caffarelli & Luca Cherubini , 2016. "Global value chains: new evidence and implications," Workshop and Conferences 21, Bank of Italy, Economic Research and International Relations Area.
• Stefano, Fasani, 2016. "Long-run Unemployment and Macroeconomic Volatility," Working Papers 352, University of Milano-Bicocca, Department of Economics, revised 18 Oct 2016.
• Jonathan A. Attey & Casper G. de Vries, 2016. "Monetary Policy in the Presence of Random Wage Indexation," Tinbergen Institute Discussion Papers 16-086/VI, Tinbergen Institute.
• Mariusz Kapuściński, 2016. "The role of bank balance sheets in monetary policy transmission. Evidence from Poland," NBP Working Papers 245, Narodowy Bank Polski.
• Robert E. Hall & Ricardo Reis, 2016. "Achieving Price Stability by Manipulating the Central Bank’s Payment on Reserves," NBER Working Papers 22761, National Bureau of Economic Research, Inc.
• Hall, Robert, 2016. "Achieving Price Stability by Manipulating the Central Bank's Payment on Reserves," CEPR Discussion Papers 11578, C.E.P.R. Discussion Papers.
• Gadatsch, Niklas & Hollmayr, Josef & Stähler, Nikolai, 2016. "Thoughts on a fiscal union in EMU," Discussion Papers 40/2016, Deutsche Bundesbank.
• Jean-Yves Gnabo & Nicolas K. Scholtes, 2016. "Assessing the role of interbank network structure in business and financial cycle analysis," Working Paper Research 307, National Bank of Belgium.
• Philipp Heimberger, 2016. "Did Fiscal Consolidation Cause the Double-Dip Recession in the Euro Area?," wiiw Working Papers 130, The Vienna Institute for International Economic Studies, wiiw.
• Michaillat, Pascal & Saez, Emmanuel, 2016. "The Optimal Use of Government Purchases for Stabilization," CEPR Discussion Papers 11577, C.E.P.R. Discussion Papers.
• Marco Bassetto & Luca Benzoni & Trevor Serrao, 2016. "The Interplay Between Financial Conditions and Monetary Policy Shocks," Working Paper Series WP-2016-11, Federal Reserve Bank of Chicago.
• Dennis Bonam & Bart Hobijn, 2016. "Generalized stability of monetary unions under regime switching in monetary and fiscal policies," DNB Working Papers 524, Netherlands Central Bank, Research Department.
• Paul Hubert & Fabien Labondance, 2016. "The effect of ECB forward guidance on policy expectations," Documents de Travail de l'OFCE 2016-30, Observatoire Francais des Conjonctures Economiques (OFCE).
• Jobarteh, Mustapha, 2016. "Evolution of Exchange Rate Pass-through: Evidence from The Gambia," MPRA Paper 74664, University Library of Munich, Germany.
• Paul Hubert & Fabien Labondance, 2016. "The effect of ECB forward guidance on policy expectations," SciencePo Working papers Main hal-03459188, HAL.
• Mark Bils & Yongsung Chang & Sun-Bin Kim, 2016. "How Sticky Wages In Existing Jobs Can Affect Hiring," Working papers 2016rwp-91, Yonsei University, Yonsei Economics Research Institute.
• Izu, Akhenaton, 2016. "Volatilité des cours des produits miniers et vulnérabilité de l’économie: est-ce que la croissance économique va s’essouffler en RDC? [Volatility of the prices of the mining products and vulnerabil," MPRA Paper 74751, University Library of Munich, Germany, revised 25 Sep 2016.
• Bonga-Bonga, Lumengo & Lebese, Ntsakeseni Letitia, 2016. "Rethinking the current inflation target range in South Africa," MPRA Paper 73912, University Library of Munich, Germany.
• Ferre De Graeve & Konstantinos Theodoridis, 2016. "Forward Guidance, Quantitative Easing, or both?," Working Paper Research 305, National Bank of Belgium.
• Senzu, Emmanuel Tweneboah, 2016. "Catallactics misapplication it crucial role in Africa's underdeveloped economy," MPRA Paper 74769, University Library of Munich, Germany, revised Aug 2016.
• Konstantakis, Konstantinos & Michaelides, Panayotis G. & Tsionas, Efthymios, 2015. "The Determinants of Economic Fluctuations in Greece: An Empirical Investigation (1995-2014)," MPRA Paper 74459, University Library of Munich, Germany.
• Ranaldo, Angelo & Rupprecht, Matthias, 2016. "The Forward Premium in Short-Term Rates," Working Papers on Finance 1619, University of St. Gallen, School of Finance, revised Sep 2019.
• Stefan Behrendt, 2016. "Determinants of lending activity in the Euro area," Jena Economics Research Papers 2016-017, Friedrich-Schiller-University Jena.
• Zsolt Darvas, 2015. "Filling the gap: open economy considerations for more reliable potential output estimates," Working Papers 1501, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
• Jef Boeckx & Maite de Sola Perea & Gert Peersman, 2016. "The transmission mechanism of credit support policies in the Euro Area," Working Paper Research 302, National Bank of Belgium.
• Jacob Assa, 2016. "The Financialization of GDP and its Implications for Macroeconomic Debates," Working Papers 1610, New School for Social Research, Department of Economics.
• Guerrazzi, Marco, 2016. "Wage and employment determination in a dynamic insider-outsider model," MPRA Paper 74759, University Library of Munich, Germany.
• Michelle Bongard & Gabriele Galati & Richhild Moessner & William Nelson, 2016. "Connecting the dots: market reactions to forecasts of policy rates and forward guidance provided by the Fed," DNB Working Papers 523, Netherlands Central Bank, Research Department.
• Ana Lamo & Enrique Moral-Benito & Javier J. Pérez, 2016. "Does slack influence public and private labour market interactions?," Working Papers 1605, Banco de España.
• Vivien Lewis & Stefania Villa, 2016. "The Interdependence of Monetary and Macroprudential Policy under the Zero Lower Bound," Working Paper Research 310, National Bank of Belgium.
• Hajime Tomura, 2015. "Payment Instruments and Collateral in the Interbank Payment System," UTokyo Price Project Working Paper Series 072, University of Tokyo, Graduate School of Economics, revised Sep 2016.
• Aizenman, Joshua & Jinjarak, Yothin & Zheng, Huanhuan, 2016. "Measuring Systemic Risk Contribution of International Mutual Funds," ADBI Working Papers 594, Asian Development Bank Institute.
• Philip Turner, 2016. "Macroprudential policies, the long-term interest rate and the exchange rate," BIS Working Papers 588, Bank for International Settlements.
• Koeniger, Winfried & Fella, Giulio & Frache, Serafin, 2016. "Buffer-Stock Saving and Households' Response to Income Shocks," Economics Working Paper Series 1617, University of St. Gallen, School of Economics and Political Science.
• Ricardo J. Caballero & Alp Simsek, 2016. "A Model of Fickle Capital Flows and Retrenchment," NBER Working Papers 22751, National Bureau of Economic Research, Inc.
• Nauro F. Campos & Corrado Macchiarelli, 2016. "Core and Periphery in the European Monetary Union: Bayoumi and Eichengreen 25 Years Later," LEQS – LSE 'Europe in Question' Discussion Paper Series 116, European Institute, LSE.
• Cheng Chen & Tatsuro Senga & Chang Sun & Hongyong Zhang, 2016. "Policy Uncertainty and Foreign Direct Investment: Evidence from the China-Japan Island Dispute," Working Papers 803, Queen Mary University of London, School of Economics and Finance.
• Brad Hershbein & Lisa B. Kahn, 2016. "Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings," NBER Working Papers 22762, National Bureau of Economic Research, Inc.
• Jose-Miguel Albala-Bertrand, 2016. "Industrial Interdependence: China 1995-2010," Working Papers 802, Queen Mary University of London, School of Economics and Finance.
• Detmers, Gunda-Alexandra, 2016. "Forward guidance under disagreement: Evidence from the Fed's dot projections," SFB 649 Discussion Papers 2016-041, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
• Vuillemey, Guillaume & Wasmer, Etienne, 2016. "Frictional Unemployment with Stochastic Bubbles," IZA Discussion Papers 10265, Institute of Labor Economics (IZA).
• 牛霖琳 & 洪智武 & 陈国进, 2016. "中国地方政府性债务风险与国债定价--基于城投债利差与国债收益率的分析," Working Papers 2016-10-19, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
• Horioka, Charles Yuji & Terada-Hagiwara, Akiko, 2016. "The Impact of Sex Ratios before Marriage on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited," ADB Economics Working Paper Series 494, Asian Development Bank.
• Takatoshi Ito, 2016. "A New Financial Order in Asia: Will a RMB bloc emerge?," NBER Working Papers 22755, National Bureau of Economic Research, Inc.
• Bams, Dennis & Bos, Jaap & Pisa, Magdalena, 2016. "Trade credit: Elusive insurance of firm growth," Research Memorandum 029, Maastricht University, Graduate School of Business and Economics (GSBE).
• Xie, Zoe & Pei, Yun, 2016. "A Quantitative Theory of Time-Consistent Unemployment Insurance," MPRA Paper 74698, University Library of Munich, Germany.
• Pasquale Foresti & Oreste Napolitano, 2016. "On the Stock Markets’ Reactions to Taxation and Public Expenditure," LEQS – LSE 'Europe in Question' Discussion Paper Series 115, European Institute, LSE.
• María Dolores Gadea & Ana Gómez-Loscos & Antonio Montañés, 2016. "Oil price and economic growth: a long story?," Working Papers 1625, Banco de España.
• Drago Bergholt & Vegard Høghaug Larsen, 2016. "Business cycles in an oil economy: Lessons from Norway," Working Paper 2016/16, Norges Bank.
• Vasilev, Aleksandar, 2016. "Is consumption-Laffer curve hump-shaped? The role of VAT evasion," EconStor Preprints 147001, ZBW - Leibniz Information Centre for Economics.
• Haroon Mumtaz & Konstantinos Theodoridis, 2016. "Volatility Co-movement and the Great Moderation. An Empirical Analysis," Working Papers 804, Queen Mary University of London, School of Economics and Finance.
• Christoph Kaufmann, 2016. "Optimal Fiscal Substitutes for the Exchange Rate in a Monetary Union," Working Paper Series in Economics 86, University of Cologne, Department of Economics.
• Jean-Pascal Nganou & Juste Some & Guy Tchuente, 2016. "Government Spending Multipliers in Natural Resource-Rich Developing Countries," Studies in Economics 1609, School of Economics, University of Kent.
• Marco Capasso & Alessio Moneta, 2016. "Macroeconomic responses to an independent monetary policy shock: a (more) agnostic identification procedure," LEM Papers Series 2016/36, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Michael Clements, 2016. "Are Macro-Forecasters Essentially The Same? An Analysis of Disagreement, Accuracy and Efficiency," ICMA Centre Discussion Papers in Finance icma-dp2016-08, Henley Business School, University of Reading.
• Samuel G. Hanson & David S. Scharfstein & Adi Sunderam, 2016. "Fiscal Risk and the Portfolio of Government Programs," NBER Working Papers 22763, National Bureau of Economic Research, Inc.
• Eric Mengus & Jean Barthelemy, 2016. "The signaling effect of raising inflation," 2016 Meeting Papers 1190, Society for Economic Dynamics.
• Steffen Heinig & Anupam Nanda & Sotiris Tsolacos, 2016. "Which Sentiment Indicators Matter? An Analysis of the European Commercial Real Estate Market," ICMA Centre Discussion Papers in Finance icma-dp2016-04, Henley Business School, University of Reading.
• NAGORE GARCIA Amparo & VAN SOEST Arthur, 2016. "Unemployment Exits Before and During the Crisis," LISER Working Paper Series 2016-14, Luxembourg Institute of Socio-Economic Research (LISER).
• Martien Lamers & Frederik Mergaerts & Elien Meuleman & Rudi Vander Vennet, 2016. "The trade-off between monetary policy and bank stability," Working Paper Research 308, National Bank of Belgium.
• Carlos Parodi Trece, 2016. "Crisis financieras en la historia," Working Papers 16-05, Centro de Investigación, Universidad del Pacífico.