Report NEP-MAC-2016-12-04

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:

• Michael T. Belongia & Peter N. Ireland, 2016. "A Classical View of the Business Cycle," Boston College Working Papers in Economics 921, Boston College Department of Economics.
• Muhammad Nadim Hanif & Javed Iqbal, 2016. "Assessing Monetary Policy Effectiveness in Rich Data Environment," SBP Working Paper Series 80, State Bank of Pakistan, Research Department.
• Enrique G. Mendoza, 2016. "Macroprudential Policy: Promise and Challenges," NBER Working Papers 22868, National Bureau of Economic Research, Inc.
• Altan Aldan & Hatice Burcu Gurcihan Yunculer, 2016. "Real Wages and the Business Cycle in Turkey," Working Papers 1625, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Eickmeier, Sandra & Metiu, Norbert & Prieto, Esteban, 2016. "Time-varying volatility, financial intermediation and monetary policy," Discussion Papers 46/2016, Deutsche Bundesbank.
• Zafar Hayat & Muhammad Nadim Hanif, 2016. "Assessing the Role of Money versus Interest Rate in Pakistan," SBP Working Paper Series 79, State Bank of Pakistan, Research Department.
• Jing Cynthia Wu & Ji Zhang, 2016. "A Shadow Rate New Keynesian Model," NBER Working Papers 22856, National Bureau of Economic Research, Inc.
• Martín Uribe, 2016. "Is The Monetarist Arithmetic Unpleasant?," NBER Working Papers 22866, National Bureau of Economic Research, Inc.
• Aida Caldera Sánchez & Oliver Röhn, 2016. "How do policies influence GDP tail risks?," OECD Economics Department Working Papers 1339, OECD Publishing.
• Nyborg, Kjell & Fecht, Falko & Rocholl, Jörg & Woschitz, Jiri, 2016. "Collateral, Central Bank Repos, and Systemic Arbitrage," CEPR Discussion Papers 11663, C.E.P.R. Discussion Papers.
• Marcelo Rezende & Mary-Frances Styczynski & Cindy M. Vojtech, 2016. "The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations," Finance and Economics Discussion Series 2016-090, Board of Governors of the Federal Reserve System (U.S.).
• Sergeyev, Dmitriy & Miyamoto, Wataru & Nguyen, Thu-Van, 2016. "Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan," CEPR Discussion Papers 11633, C.E.P.R. Discussion Papers.
• Simohammed, Kamel & Benhabib, Abderrezzak & Maliki, Samir, 2015. "The Impact of Oil Prices on Macroeconomic Fundamentals, Monetary Policy and Stock Market for eight Middle East and North African Countries," MPRA Paper 75278, University Library of Munich, Germany.
• International Monetary Fund, 2016. "Ghana; Third Review Under the Extended Credit Facility Arrangement and Request for Waiver for Nonobservance of Performance Criteria, and Modifications of Performance Criteria-Press Release; Staff Repo," IMF Staff Country Reports 16/321, International Monetary Fund.
• Ricardo Gimeno & Eva Ortega, 2016. "The evolution of inflation expectations in euro area markets," Working Papers 1627, Banco de España.
• J. Paul Dunne & Christine S. Makanza, 2016. "Fiscal Consolidation, Fiscal Policy Transmission, and Current Account Dynamics in South Africa," School of Economics Macroeconomic Discussion Paper Series 2016-03, School of Economics, University of Cape Town.
• Gerlach, Stefan & Stuart, Rebecca, 2016. "Joining the dots: The FOMC and the future path of policy rates," CEPR Discussion Papers 11618, C.E.P.R. Discussion Papers.
• Francesco Zanetti & Christoph Görtz & John D. Tsoukalas, 2016. "News Shocks under Financial Frictions," Economics Series Working Papers 813, University of Oxford, Department of Economics.
• Omar Blanco & Simone Alfarano, 2016. "Granularity of the business cycle fluctuations: The Spanish case," Working Papers 2016/25, Economics Department, Universitat Jaume I, Castellón (Spain).
• Francesco Zanetti & Christoph Görtz & Wei Li & John Tsoukalas, 2020. "Vintage Article: The Effect of Monetary Policy Shocks in the United Kingdom: an External Instruments Approach," Economics Series Working Papers 812, University of Oxford, Department of Economics.
• International Monetary Fund, 2016. "Dominican Republic; 2015 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 16/342, International Monetary Fund.
• Altavilla, Carlo & Canova, Fabio & Ciccarelli, Matteo, 2016. "Mending the broken link: heterogeneous bank lending and monetary policy pass-through," Working Paper Series 1978, European Central Bank.
• International Monetary Fund, 2016. "Sudan; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan," IMF Staff Country Reports 16/324, International Monetary Fund.
• Pablo Garofalo & Daniel Lema & Jorge M. Streb, 2016. "Party alignment, political budget cycles and vote within a federal country," CEMA Working Papers: Serie Documentos de Trabajo. 601, Universidad del CEMA, revised May 2017.
• Michał Brzoza-Brzezina & Jacek Kotlowski, 2016. "The nonlinear nature of country risk and its implications for DSGE models," NBP Working Papers 250, Narodowy Bank Polski.
• Olga S. Kuznetsova & Sofiya R. Ulyanova, 2016. "The Impact Of A Central Bank’S Verbal Interventions On Stock Exchange Indices In A Resource Based Economy: The Evidence From Russia," HSE Working papers WP BRP 155/EC/2016, National Research University Higher School of Economics.
• Vasilios Plakandaras & Juncal Cunado & Rangan Gupta & Mark E. Wohar, 2016. "Do Leading Indicators Forecast U.S. Recessions? A Nonlinear Re-Evaluation Using Historical Data," Working Papers 201685, University of Pretoria, Department of Economics.
• Ammar Farooq, 2016. "The U-shape of Over-education? Human Capital Dynamics & Occupational Mobility over the Lifecycle," 2016 Papers pfa484, Job Market Papers.
• Hein, Eckhard, 2016. "Post-Keynesian macroeconomics since the mid-1990s: Main developments," IPE Working Papers 75/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Isoré, Marlène, 2016. "International propagation of financial shocks in a search and matching environment," Research Discussion Papers 28/2016, Bank of Finland.
• Wataru Miyamoto & Thuy Lan Nguyen & Viacheslav Sheremirov, 2016. "The effects of government spending on real exchange rates: evidence from military spending panel data," Working Papers 16-14, Federal Reserve Bank of Boston.
• Timothy J. Goodspeed, 2016. "Absorbing Shocks: National Rainy-Day Funds and Cross-Country Transfers in a Fiscal Union," Economics Working Paper Archive at Hunter College 446, Hunter College Department of Economics, revised 07 Nov 2016.
• Cantoni, Davide & Yuchtman, Noam & Dittmar, Jeremiah, 2016. "Reformation and Reallocation: Religious and Secular Economic Activity in Early Modern Germany," CEPR Discussion Papers 11655, C.E.P.R. Discussion Papers.
• Nadav Ben-Zeev & Evi Pappa & Alejandro Vicondoa, 2016. "Emerging Economies Business Cycles: The Role Of The Terms Of Trade Revisited," Working Papers 1610, Ben-Gurion University of the Negev, Department of Economics.
• Marco Angrisani & Kevin Foster & Marcin Hitczenko, 2016. "The 2014 survey of consumer payment choice: technical appendix," Research Data Report 16-4, Federal Reserve Bank of Boston.
• KHELIFI, Atef, 2016. "Should the Interest Rate Really Be the Unique Motive to Save in the Ramsey Model?," MPRA Paper 75365, University Library of Munich, Germany.
• Akinwande A. Atanda & Andrea K. Menclova & W. Robert Reed, 2016. "Is Health Care Infected by Baumol’s Cost Disease? Test of a New Model," Working Papers in Economics 16/33, University of Canterbury, Department of Economics and Finance.
• Mark A. Carlson & Burcu Duygan-Bump, 2016. "The Tools and Transmission of Federal Reserve Monetary Policy in the 1920s," FEDS Notes 2016-11-22, Board of Governors of the Federal Reserve System (U.S.).
• Hjelm, Göran & Stockhammar, Pär, 2016. "Short Run Effects of Fiscal Policy on GDP and Employment: Swedish Evidence," Working Papers 147, National Institute of Economic Research.
• Aida Caldera Sánchez & Filippo Gori, 2016. "Can Reforms Promoting Growth Increase Financial Fragility?: An Empirical Assessment," OECD Economics Department Working Papers 1340, OECD Publishing.
• Laurie Binge & Willem H Boshoff, 2016. "Modelling South African Art Prices: An analysis of post-2000 price behaviour," Working Papers 18/2016, Stellenbosch University, Department of Economics.
• Görg, Holger & Henze, Philipp & Jienwatcharamongkhol, Viroj & Kopasker, Daniel & Molana, Hassan & Sjöholm, Fredrik & Montagna, Catia, 2016. "Firm Size Distribution and Employment Fluctuations: Theory and Evidence," Working Paper Series 1142, Research Institute of Industrial Economics.
• Anna Gibert, 2016. "The Signaling Role of Fiscal Austerity," Discussion Papers of DIW Berlin 1623, DIW Berlin, German Institute for Economic Research.
• Parker, Miles, 2016. "The impact of disasters on inflation," Working Paper Series 1982, European Central Bank.
• Todd Keister & Daniel R. Sanches, 2016. "Aggregate Liquidity Management," Working Papers 16-32, Federal Reserve Bank of Philadelphia.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2016. "Self-fulfilling dynamics: the interactions of sovereign spreads, sovereign ratings and bank ratings during the euro financial crisis," Working Papers 214, Bank of Greece.
• Zuzana Smidova, 2016. "Betting the house in Denmark," OECD Economics Department Working Papers 1337, OECD Publishing.
• Paul Hubert & Fabien Labondance, 2016. "Central Bank Sentiment and Policy Expectations," Working Papers hal-01374710, HAL.
• Chhibber, Ajay & Kalloor, Akshata, 2016. "Reviving Private Investment in India: Determinants and Policy Levers," Working Papers 16/181, National Institute of Public Finance and Policy.
• V. Coudert & J. Idier, 2016. "An Early Warning System for Macro-prudential Policy in France," Working papers 609, Banque de France.
• International Monetary Fund, 2016. "Ukraine; Ex Post Evaluation of Exceptional Access Under the 2014 Stand-By Arrangement," IMF Staff Country Reports 16/320, International Monetary Fund.
• International Monetary Fund, 2016. "Panama; 2016 article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama," IMF Staff Country Reports 16/337, International Monetary Fund.
• Phuong Ngo & Francois Gourio, 2016. "Risk Premia at the ZLB: a macroeconomic interpretation," 2016 Meeting Papers 1585, Society for Economic Dynamics.
• Alexandre Lucas Cole & Chiara Guerello & Guido Traficante, 2016. "Government Debt Deleveraging in the EMU," Working Papers CELEG 1603, Dipartimento di Economia e Finanza, LUISS Guido Carli.
• International Monetary Fund, 2016. "The Federal Democratic Republic of Ethiopia; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia," IMF Staff Country Reports 16/322, International Monetary Fund.
• Gregor Bäurle & Daniel Kaufmann & Sylvia Kaufmann & Rodney W. Strachan, 2016. "Changing dynamics at the zero lower bound," Working Papers 2016-16, Swiss National Bank.
• Lo, Chi-Sheng, 2016. "Structural VAR analysis of monetary transmission mechanism and central bank’s response to equity volatility shock in Taiwan," MPRA Paper 74150, University Library of Munich, Germany.
• Thomas Schelkle, 2016. "General Methods for Measuring Factor Misallocation," Working Paper Series in Economics 87, University of Cologne, Department of Economics.
• Hang Zhou, 2016. "Cross-Country Evidence on Monetary Policy Autonomy: A Markov Regime Switching Approach," 2016 Papers pzh699, Job Market Papers.
• Constantin Burgi, 2016. "What Do We Lose When We Average Expectations?," Working Papers 2016-013, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
• Matheus R Grasselli & Adrien Nguyen-Huu, 2016. "Inventory growth cycles with debt-financed investment [Cycles de croissance et des stocks dans une économie financée par la dette]," Working Papers hal-01376201, HAL.
• Pengfei Wang & Feng Dong & Jess Benhabib, 2016. "Adverse Selection and Self-fulfilling Business Cycles," 2016 Meeting Papers 1526, Society for Economic Dynamics.
• International Monetary Fund, 2016. "Morocco; Technical Note-Macroprudential Policy: Institutional Arrangements and Instruments," IMF Staff Country Reports 16/330, International Monetary Fund.
• Magdalena Petrovska & Aneta Krstevska & Nikola Naumovski, 2016. "Forecasting Macedonian business cycle turning points using Qual VAR model," Working Papers 2016-05, National Bank of the Republic of North Macedonia.
• Aaron Hedlund & Carlos Garriga, 2016. "Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession," 2016 Meeting Papers 1564, Society for Economic Dynamics.
• Thomas GRJEBINE & Francois Geerolf, 2016. "Housing and Macroeconomics: Evidence from Property Tax Shocks," 2016 Meeting Papers 1588, Society for Economic Dynamics.
• Byrne, JP & Cao, S & Korobilis, D, 2016. "Term Structure Dynamics, Macro-Finance Factors and Model Uncertainty," Essex Finance Centre Working Papers 18195, University of Essex, Essex Business School.
• Shengxing Zhang & Ricardo Lagos, 2016. "Turnover Liquidity and the Transmission of Monetary Policy," 2016 Meeting Papers 1569, Society for Economic Dynamics.
• International Monetary Fund, 2016. "Republic of Moldova; Request for an Extended Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Execut," IMF Staff Country Reports 16/343, International Monetary Fund.
• International Monetary Fund, 2016. "Ireland; Financial Sector Assessment Program: Technical Note-Macroprudential Policy Framework," IMF Staff Country Reports 16/316, International Monetary Fund.
• Schmidt, Sebastian & Nakata, Taisuke, 2016. "Gradualism and liquidity traps," Working Paper Series 1976, European Central Bank.
• Simplice Asongu & Ibrahim D. Raheem & Vanessa S. Tchamyou, 2016. "Information Asymmetry and Financial Dollarization in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 16/048, African Governance and Development Institute..
• Sartaj Rasool Rather, 2016. "Asymmetric Impact of Relative Price Shocks in Presence of Trend Inflation," Working Papers 2016-153, Madras School of Economics,Chennai,India.
• Gabriel Mathy & Herman O. Stekler, 2016. "Expectations and Forecasting during the Great Depression: Real-Time Evidence from the Business Press," Working Papers 2016-011, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
• Mehmet Balcilar & Rangan Gupta & Kevin Kotze, 2016. "Forecasting South African Macroeconomic Variables with a Markov-Switching Small Open-Economy Dynamic Stochastic General Equilibrium Model," School of Economics Macroeconomic Discussion Paper Series 2016-05, School of Economics, University of Cape Town.
• Darío Indalecio Restrepo, 2016. "Interpelaciones desde la condición posmoderna a la disciplina histórica," Documentos de Trabajo, Escuela de Economía 15233, Universidad Nacional de Colombia, FCE, CID.
• International Monetary Fund, 2016. "Cambodia; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia," IMF Staff Country Reports 16/340, International Monetary Fund.
• Paul Hubert & Fabien Labondance, 2016. "The Effect of ECB Forward Guidance on Policy Expectations," Working Papers hal-01394821, HAL.
• Van Nieuwerburgh, Stijn & Vestman, Roine & von Lilienfeld-Toal , Ulf, 2016. "Identifying the Benefits from Home Ownership: A Swedish Experiment," CEPR Discussion Papers 11656, C.E.P.R. Discussion Papers.
• Karasik, Leonid & Tomlin, Ben & Leung, Danny, 2016. "Firm-specific Shocks and Aggregate Fluctuations in the Canadian Manufacturing Sector, 2000 to 2012," Analytical Studies Branch Research Paper Series 2016384e, Statistics Canada, Analytical Studies Branch.
• International Monetary Fund, 2016. "Tuvalu; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu," IMF Staff Country Reports 16/323, International Monetary Fund.
• International Monetary Fund, 2016. "Vanuatu; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vanuatu," IMF Staff Country Reports 16/336, International Monetary Fund.
• International Monetary Fund, 2016. "Eastern Caribbean Currency Union; 2016 Discussion on Common Policies of Member Countries-Press Release and Staff Report," IMF Staff Country Reports 16/333, International Monetary Fund.
• Lucas F. Husted & John H. Rogers & Bo Sun, 2016. "Measuring Cross Country Monetary Policy Uncertainty," IFDP Notes 2016-11-23, Board of Governors of the Federal Reserve System (U.S.).
• Chen Yeh & David Argente, 2016. "A Menu Cost Model with Price Experimentation," 2016 Meeting Papers 1515, Society for Economic Dynamics.
• Gaston Navarro & Julio Blanco, 2016. "Equilibrium Default and the Unemployment Accelerator," 2016 Meeting Papers 1502, Society for Economic Dynamics.
• Corinne Luu, 2016. "Concurrence dans les industries de réseau et renforcement du marché intérieur au Canada," OECD Economics Department Working Papers 1322, OECD Publishing.
• Lubungu, Mary, 2016. "Zambian Smallholder Livestock Herd Dynamics: What Are the Policy Implications?," Food Security Collaborative Policy Briefs 249693, Michigan State University, Department of Agricultural, Food, and Resource Economics.
• Edward Knotek II, 2016. "The Roles of Price Points and Menu Costs in Price Rigidity," 2016 Meeting Papers 1563, Society for Economic Dynamics.
• Allison Cole & Claire Greene, 2016. "Financial inclusion and consumer payment choice," Research Data Report 16-5, Federal Reserve Bank of Boston.
• Paul J.J. Welfens, 2016. "Qualitätswettbewerb, Produktinnovationen und Schumpetersche Prozesse in internationalen Märkten," EIIW Discussion paper disbei220, Universitätsbibliothek Wuppertal, University Library.