Report NEP-MAC-2017-04-09

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:

• Xing, Victor, 2016. "Higher Return for Savers and a Path toward Higher Investment," MPRA Paper 77806, University Library of Munich, Germany.
• Knut Are Aastveit & Francesco Furlanetto & Francesca Loria, 2017. "Has the Fed responded to house and stock prices? A time-varying analysis," Working Papers 1713, Banco de España.
• Jordan Roulleau-Pasdeloup, 2017. "The Government Spending Multiplier in a (Mis-)Managed Liquidity Trap," Cahiers de Recherches Economiques du Département d'économie 17.04, Université de Lausanne, Faculté des HEC, Département d’économie.
• Egorova, Yana, 2017. "Инвестирование Денежных Средств В Условиях Экономического Кризиса В 2017 Году," MPRA Paper 77648, University Library of Munich, Germany.
• Fernando Garcia-Barragan & Guangling Dave Liu, 2017. "Capital controls and foreign currency denomination," Working Papers 671, Economic Research Southern Africa.
• Bobeva, Daniela & Atanasov, Atanas, 2016. "Macroeconomic Imbalances in euro- and non-euro area member states," MPRA Paper 77754, University Library of Munich, Germany.
• Matthias Neuenkirch & Matthias Nöckel, 2017. "The Risk-Taking Channel of Monetary Policy Transmission in the Euro Area," Research Papers in Economics 2017-02, University of Trier, Department of Economics.
• Rey, Hélène & ,, 2017. "Financial Cycles with Heterogeneous Intermediaries," CEPR Discussion Papers 11907, C.E.P.R. Discussion Papers.
• Gunes Kamber & James Morley & Benjamin Wong, 2017. "Intuitive and Reliable Estimates of the Output Gap from a Beveridge-Nelson Filter," Discussion Papers 2016-09A, School of Economics, The University of New South Wales.
• Tesfaselassie, Mewael F. & Wolters, Maik H., 2017. "The impact of growth on unemployment in a low vs. a high inflation environment," Economics Working Papers 2017-01, Christian-Albrechts-University of Kiel, Department of Economics.
• Paulo Vieira & Celsa Machado & Ana Paula Ribeiro, 2016. "Optimal Fiscal Simple Rules for Small and Large Countries of a Monetary Union," EcoMod2016 9685, EcoMod.
• Joel Wagner, 2017. "Anticipated Technology Shocks: A Re-Evaluation Using Cointegrated Technologies," Staff Working Papers 17-11, Bank of Canada.
• Acharya, Viral & Plantin, Guillaume, 2017. "Monetary easing and financial instability," LSE Research Online Documents on Economics 70715, London School of Economics and Political Science, LSE Library.
• Anneke Kosse & Heng Chen & Marie-Hélène Felt & Valéry Dongmo Jiongo & Kerry Nield & Angelika Welte, 2017. "The Costs of Point-of-Sale Payments in Canada," Discussion Papers 17-4, Bank of Canada.
• Xing, Victor, 2016. "Ultra-accommodative Monetary Policy and Unintentional Drags on Consumer Spending," MPRA Paper 77749, University Library of Munich, Germany.
• Marcin Kolasa & Michal Rubaszek, 2016. "Does foreign sector help forecast domestic variables in DSGE models?," EcoMod2016 9393, EcoMod.
• Bill Dupor & Jingchao Li & Rong Li, 2017. "Sticky Wages, Monetary Policy and Fiscal Policy Multipliers," Working Papers 2017-7, Federal Reserve Bank of St. Louis.
• Kang, Wensheng & Ratti, Ronald. A. & Vespignani, Joaquin, 2017. "Oil price shocks and policy uncertainty: New evidence on the effects of US and non-US oil production," Working Papers 2017-02, University of Tasmania, Tasmanian School of Business and Economics.
• Aleksander Berentsen & Christopher J. Waller, 2017. "Liquidity Premiums on Government Debt and the Fiscal Theory of the Price Level," Working Papers 2017-8, Federal Reserve Bank of St. Louis.
• Lise Pichette & Marie-Noëlle Robitaille, 2017. "Assessing the Business Outlook Survey Indicator Using Real-Time Data," Discussion Papers 17-5, Bank of Canada.
• Homburg, Stefan, 2017. "Effects and Risks of Unconventional Monetary Policy," Hannover Economic Papers (HEP) dp-590, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
• Alban Moura, 2017. "Investment price rigidity and business cycles," BCL working papers 105, Central Bank of Luxembourg.
• Katerina Gawthorpe, 2016. "Impact Evaluation of Scenario with Local Currencies: DSGE Model," EcoMod2016 9755, EcoMod.
• Richard Dennis, 2017. "Durations at the zero lower bound," CAMA Working Papers 2017-25, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Samuel Hanson & David O. Lucca & Jonathan H. Wright, 2017. "Rate-Amplifying Demand and the Excess Sensitivity of Long-Term Rates," Staff Reports 810, Federal Reserve Bank of New York.
• Claire-Océane Chevallier, 2017. "Empirical Investigation of the Effect of Bank Long Term Debt on Loans and Output in the Euro-zone," DEM Discussion Paper Series 17-04, Department of Economics at the University of Luxembourg.
• S. Demiralp & J. Eisenschmidt & T. Vlassopoulos, 2017. "Negative interest rates, excess liquidity and bank business models: Banks’ reaction to unconventional monetary policy in the euro area," Koç University-TUSIAD Economic Research Forum Working Papers 1708, Koc University-TUSIAD Economic Research Forum.
• Miguel Angel Santos, 2015. "The Right Fit for the Wrong Reasons: Real Business Cycle in an Oil-Dependent Economy," CID Working Papers 64, Center for International Development at Harvard University.
• David-Jan Jansen & Matthias Neuenkirch, 2017. "News Consumption, Political Preferences, and Accurate Views on Inflation," Research Papers in Economics 2017-03, University of Trier, Department of Economics.
• Eo, Yunjong & Lie, Denny, 2017. "The Role of Inflation Target Adjustment in Stabilization Policy," Working Papers 2017-06, University of Sydney, School of Economics, revised Jun 2019.
• Tomislav Globan & Petar Sorić, 2017. "Financial integration before and after the crisis: Euler equations (re)visit European Union," EFZG Working Papers Series 1702, Faculty of Economics and Business, University of Zagreb.
• James B. Bullard, 2017. "Current Monetary Policy, the New Fiscal Policy and the Fed’s Balance Sheet : a presentation at Economic Club of Memphis, Memphis, Tenn., March 24, 2017," Speech 282, Federal Reserve Bank of St. Louis.
• Henrique S. Basso & James Costain, 2017. "Fiscal delegation in a monetary union: instrument assignment and stabilization properties," Working Papers 1710, Banco de España.
• Nelson H. Barbosa-Filho, 2017. "A Vertical Social Accounting Matrix of the U.S. Economy," SCEPA working paper series. 2017-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
• Martin S. Feldstein, 2017. "Why is Growth better in the United States than in other Industrial Countries," NBER Working Papers 23221, National Bureau of Economic Research, Inc.
• Ettmeier, Stephanie & Kriwoluzky, Alexander, 2017. "Same, but different: Testing monetary policy shock measures," IWH Discussion Papers 9/2017, Halle Institute for Economic Research (IWH).
• Olovsson, Conny, 2016. "Oil prices in a real-businesscycle model with precautionary demand for oil," Working Paper Series 332, Sveriges Riksbank (Central Bank of Sweden).
• Hennecke, Peter, 2017. "Zinstransmission in der Niedrigzinsphase: Eine empirische Untersuchung des Zinskanals in Deutschland," Thuenen-Series of Applied Economic Theory 150, University of Rostock, Institute of Economics.
• Güneş Kamber & James Morley & Benjamin Wong, 2017. "Intuitive and Reliable Estimates of the Output Gap from a Beveridge-Nelson Filter," Reserve Bank of New Zealand Discussion Paper Series DP2017/01, Reserve Bank of New Zealand.
• Alexandre Janiak & Sofía Bauducco, 2017. "The Macroeconomic Consequences of Raising the Minimum Wage: Capital Accumulation, Employment and the Wage Distribution," Documentos de Trabajo 481, Instituto de Economia. Pontificia Universidad Católica de Chile..
• Raslan Alzubi & Mustafa Caglayan & Kostas Mouratidis, 2017. "The Risk-Taking Channel in the US: A GVAR Approach," Working Papers 2017009, The University of Sheffield, Department of Economics.
• Groneck, Max & Ludwig, Alexander & Zimper, Alexander, 2022. "Who saves more, the naive or the sophisticated agent?," SAFE Working Paper Series 169, Leibniz Institute for Financial Research SAFE, revised 2022.
• Pierre Lesuisse, 2019. "External Monetary Shocks to Central and Eastern European Countries," Working Papers halshs-01467330, HAL.
• Òscar Jordà & Björn Richter & Moritz Schularick & Alan M. Taylor, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," Working Paper Series 2017-6, Federal Reserve Bank of San Francisco.
• César Carrera, 2017. "From Inflation Targeting to achieving Economic Growth," Working Papers 92, Peruvian Economic Association.
• Davor Kunovac & Mariarosaria Comunale, 2017. "Exchange Rate Pass-Through in the Euro Area," Working Papers 46, The Croatian National Bank, Croatia.
• Michael C. Burda & Mark Weder, 2017. "The Economics of German Unification after Twenty-Five Years: Lessons for Korea," School of Economics and Public Policy Working Papers 2017-07, University of Adelaide, School of Economics and Public Policy.
• Mohammed Aït Lahcen, 2017. "Informality and the long run Phillips curve," ECON - Working Papers 248, Department of Economics - University of Zurich, revised Dec 2018.
• Willem Devriendt & Freddy Heylen, 2017. "Macroeconomic and distributional effects of demographic change in an open economy - The case of Belgium -," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/931, Ghent University, Faculty of Economics and Business Administration.
• Iñaki Aldasoro & Robert Unger, 2017. "External financing and economic activity in the euro area - why are bank loans special?," BIS Working Papers 622, Bank for International Settlements.
• Pereira, Alfredo & Pereira, Rui, 2017. "Is All Infrastructure Investment Created Equal? The Case of Portugal," MPRA Paper 77369, University Library of Munich, Germany.
• Davor Kunovac & Rafael Ravnik, 2017. "Are sovereign credit ratings overrated?," Working Papers 47, The Croatian National Bank, Croatia.
• Foluso Akinsola & Sylvanus Ikhide, 2017. "Can bank capital adequacy changes amplify the business cycle in South Africa?," Working Papers 668, Economic Research Southern Africa.
• Yulia Vymyatnina, 2016. "Credit Dynamics of Various Entities in Russia: Impact of Oil Prices and Sanctions," EcoMod2016 9543, EcoMod.
• Sebastian Gechert & Christoph Paetz & Paloma Villanueva, 2017. "Top-down vs.Bottom-up? Reconciling the effects of tax and transfer shocks on output," Working Papers 1712, Banco de España.
• David M. Arseneau & David E. Rappoport & Alexandros Vardoulakis, 2017. "Private and Public Liquidity Provision in Over-the-Counter Markets," Finance and Economics Discussion Series 2017-033, Board of Governors of the Federal Reserve System (U.S.).
• Cyril May & Greg Farrell & Jannie Rossouw, 2017. "Do monetary policy announcements affect foreign exchange returns and volatility? Some evidence from high-frequency intra-day South African data," Working Papers 672, Economic Research Southern Africa.
• Bulat Mukhamediyev & Mukhamediyev Bulat, 2015. "Estimated Small Multiple Regions Dynamic Stochastic General Equilibrium Model," EcoMod2015 8374, EcoMod.
• María del Carmen Ramos-Herrera & Simón Sosvilla-Rivero, 2017. "Inflation, real economic growth and unemployment expectations: An empirical analysis based on the ECB Survey of Professional Forecasters," Working Papers 17-02, Asociación Española de Economía y Finanzas Internacionales.
• Guerrazzi, Marco, 2017. "Efficiency-wage competition: What happens as the number of players increases?," MPRA Paper 77950, University Library of Munich, Germany.
• Lukas Altermatt, 2017. "Inside money, investment, and unconventional monetary policy," ECON - Working Papers 247, Department of Economics - University of Zurich, revised Jul 2019.
• Riccardo Fiorentini, 2016. "Supranational policies for a renewed European Union," Working Papers 10/2016, University of Verona, Department of Economics.
• Jules H. van Binsbergen & Christian C. Opp, 2017. "Real Anomalies," NBER Working Papers 23238, National Bureau of Economic Research, Inc.
• John C. Williams, 2017. "Keeping the Recovery Sustainable: The Essential Role of an Independent Fed. Speech to the Santa Cruz Chamber of Commerce, Santa Cruz, California, February 28, 2017," Speech 173, Federal Reserve Bank of San Francisco.
• Davoine, Thomas & Molnar, Matthias, 2017. "Cross-country fiscal policy spillovers and capital-skill complementarity in currency unions," Economics Series 329, Institute for Advanced Studies.
• Gerdie Everaert & Stijn Jansen, 2017. "On The Estimation Of Panel Fiscal Functions: Heterogeneity Or Fiscal Fatigue?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/930, Ghent University, Faculty of Economics and Business Administration.
• Sangyup Choi & Davide Furceri & Yi Huang & Prakash Loungani, 2017. "Aggregate Uncertainty and Sectoral Productivity Growth: The Role of Credit Constraints," IHEID Working Papers 09-2017, Economics Section, The Graduate Institute of International Studies.
• Clavero, Borja, 2017. "A contribution to the Quantity Theory of Disaggregated Credit," MPRA Paper 76657, University Library of Munich, Germany.
• Philip R. Lane, 2016. "Macro-financial stability under EMU," ESRB Working Paper Series 01, European Systemic Risk Board.
• van Riet, Ad, 2015. "Market-preserving fiscal federalism in the European Monetary Union," MPRA Paper 77772, University Library of Munich, Germany.
• Markus Brueckner & Joaquin Vespignani, 2017. "Trade uncertainty and income inequality," CAMA Working Papers 2017-24, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Jon D. Wisman & Aaron Pacitti, 2017. "Guaranteed Employment and Universal Child Care For a New Social Contract," Working Papers 2017-05, American University, Department of Economics.
• Ulrike Malmendier & Stefan Nagel & Zhen Yan, 2017. "The Making of Hawks and Doves: Inflation Experiences on the FOMC," NBER Working Papers 23228, National Bureau of Economic Research, Inc.
• Brueckner, Markus & Vespignani, Joaquin, 2017. "Trade uncertainty and income inequality," Working Papers 2017-03, University of Tasmania, Tasmanian School of Business and Economics.
• Turan, Güngör, 2015. "Türkiye'de Büyüme ve İşsizlik [Growth and Unemployment in Turkey]," MPRA Paper 77773, University Library of Munich, Germany.
• Martín Besfamille & N. Grosman & D. Jorrat & O. Manzano & P. Sanguinetti, 2017. "Public Expenditures and Debt at the Subnational Level: Evidence of Fiscal Smoothing from Argentina," Documentos de Trabajo 482, Instituto de Economia. Pontificia Universidad Católica de Chile..
• Kenneth Sæterhagen Paulsen, 2017. "Conditional forecasting with DSGE models - A conditional copula approach," Working Paper 2017/4, Norges Bank.
• Sydney C. Ludvigson & Sai Ma & Serena Ng, 2017. "Shock Restricted Structural Vector-Autoregressions," NBER Working Papers 23225, National Bureau of Economic Research, Inc.
• Stefano Bosi & David Desmarchelier, 2017. "A simple method to study local bifurcations of three and four-dimensional systems: characterizations and economic applications," Working Papers of BETA 2017-07, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• David Kohn, 2017. "Addicted to Debt: Foreign Purchases of U.S. Treasuries and the Term Premium," Documentos de Trabajo 480, Instituto de Economia. Pontificia Universidad Católica de Chile..
• Martin Wong, 2017. "Revisiting the Wealth Effect on Consumption in New Zealand," Reserve Bank of New Zealand Analytical Notes series AN2017/03, Reserve Bank of New Zealand.
• José Dïaz & Gert Wagner, 2016. "Inversión y capital: Chile, 1833-2010," Documentos de Trabajo 479, Instituto de Economia. Pontificia Universidad Católica de Chile..
• Lu Zhang, 2017. "The Investment CAPM," NBER Working Papers 23226, National Bureau of Economic Research, Inc.
• Gioele Figus & Patrizio Lecca & Karen Turner & Peter McGregor, 2016. "Increased energy efficiency in Scottish households: trading-off economic benefits and energy rebound effects?," EcoMod2016 9454, EcoMod.
• Bosupeng, Mpho, 2016. "On The Fisher Effect: A Review," MPRA Paper 77916, University Library of Munich, Germany, revised 2016.
• Danny Cassimon & Marin Ferry & Marc Raffinot & Bjorn van Campenhout, 2017. "Dynamic Fiscal Impact of The Debt Relief Initiatives on African Highly Indebted Poor Countries (HIPCs)," Working Papers hal-01489613, HAL.
• Yun, ChiHyun, 2016. "The Russian Economic Crisis and Falling Remittances in Central Asia," World Economy Brief 16-28, Korea Institute for International Economic Policy.
• Johanes Agbahey & Khalid Siddig & Harald Grethe, 2016. "Consequences of conflict: the impact of the closure regime on the economy of the West Bank economy," EcoMod2016 9197, EcoMod.
• Danilo Liberati & Michele Loberto, 2017. "Taxation and housing markets with search frictions," Temi di discussione (Economic working papers) 1105, Bank of Italy, Economic Research and International Relations Area.
• Fabio Verona & Juha Kilponen & Seppo Orjasniemi & Antti Ripatti, 2015. "Business Cycle Dynamics and Macroprudential Policy Through the Lens of the Aino Model - A Micro-Founded Small Open Economy DSGE Mo," EcoMod2015 8441, EcoMod.
• Lee, Il Houng & Kim, Kyunghun & Kang, Eun Jung, 2016. "Time to Rethink Monetary Policy in Emerging Economies: Touching the Tip of an Iceberg," World Economy Brief 16-6, Korea Institute for International Economic Policy.
• Anna Kormilitsina & Sarah Zubairy, 2015. "Propagation Mechanisms for Government Spending Shocks: A Bayesian Comparison," EcoMod2015 8646, EcoMod.
• Wen, Xingang, 2017. "Strategic Capacity Investment under Uncertainty with Volume Flexibility," Discussion Paper 2017-019, Tilburg University, Center for Economic Research.
• Dirk Schoenmaker & Peter Wierts, 2016. "Macroprudential supervision: From theory to policy," ESRB Working Paper Series 02, European Systemic Risk Board.
• John C. Williams, 2017. "From Sustained Recovery to Sustainable Growth: What a Difference Four Years Makes. Speech to the Forecasters Club , New York, New York, March 29, 2017," Speech 174, Federal Reserve Bank of San Francisco.
• Jonathan Davis & Bhashkar Mazumder, 2017. "The Decline in Intergenerational Mobility After 1980," Working Paper Series WP-2017-5, Federal Reserve Bank of Chicago, revised 14 Jan 2022.
• Jean-Marc Bottazzi & Jaime Luque & Mario Pascoa, 2017. "Equilibrium in FX Swap Markets: Funding Pressures and the Cross-Currency Basis," School of Economics Discussion Papers 0517, School of Economics, University of Surrey.
• Haliassos, Michael & Jansson, Thomas & Karabulut, Yigitcan, 2017. "Financial Literacy Externalities," Working Paper Series 333, Sveriges Riksbank (Central Bank of Sweden), revised 01 Oct 2017.
• Dr. Christian Grisse & Signe Krogstrup & Dr. Silvio Schumacher, 2017. "Lower bound beliefs and long-term interest rates," Working Papers 2017-05, Swiss National Bank.
• Doan, Ha Thi Thanh & Wan, Guanghua, 2017. "Globalization and the Labor Share in National Income," ADBI Working Papers 639, Asian Development Bank Institute.
• William Dudley, 2017. "The importance of financial conditions in the conduct of monetary policy: remarks at the University of South Florida Sarasota-Manatee, Sarasota, Florida," Speech 239, Federal Reserve Bank of New York.
• Tsikas, Stefanos A., 2017. "Enforce Tax Compliance, but Cautiously: The Role of Trust in Authorities and Power of Authorities," Hannover Economic Papers (HEP) dp-589, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.