Report NEP-MAC-2017-06-04

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:

• Ali Ozdagli & Michael Weber, 2017. "Monetary Policy through Production Networks: Evidence from the Stock Market," NBER Working Papers 23424, National Bureau of Economic Research, Inc.
• Gorga, Carmine, 2017. "What To Do If The Stock Market Crashes?," MPRA Paper 79408, University Library of Munich, Germany, revised 26 May 2017.
• Gregory Levieuge & Yannick Lucotte & Florian Pradines-Jobet, 2017. "Central banks preferences and banking sector vulnerability," Bank of Estonia Working Papers wp2017-3, Bank of Estonia, revised 25 May 2017.
• Troy Davig & Andrew T. Foerster, 2017. "Communicating Monetary Policy Rules," Research Working Paper RWP 17-4, Federal Reserve Bank of Kansas City.
• Takuji Kawamoto & Tatsuya Ozaki & Naoya Kato & Kohei Maehashi, 2017. "Methodology for Estimating Output Gap and Potential Growth Rate: An Update," Bank of Japan Research Papers 17-05-31, Bank of Japan.
• Wei Cui & Leo Kaas, 2017. "Default Cycles," Discussion Papers 1716, Centre for Macroeconomics (CFM).
• Vasilios Plakandaras & Rangan Gupta & Periklis Gogas & Theophilos Papadimitriou, 2017. "Macroeconomic Uncertainty, Growth and Inflation in the Eurozone: A Causal Approach," Working Papers 201737, University of Pretoria, Department of Economics.
• Volker Hahn, 2017. "Policy Effects in a Simple Fully Non-Linear New Keynesian Model of the Liquidity Trap," Working Paper Series of the Department of Economics, University of Konstanz 2017-05, Department of Economics, University of Konstanz.
• Salvatore Perdichizzi, 2017. "Estimating Fiscal multipliers in the Eurozone. A Nonlinear Panel Data Approach," DISCE - Working Papers del Dipartimento di Economia e Finanza def058, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
• Sohei Kaihatsu & Mitsuru Katagiri & Noriyuki Shiraki, 2017. "Phillips Curve and Price-Change Distribution under Declining Trend Inflation," Bank of Japan Working Paper Series 17-E-5, Bank of Japan.
• James Bishop & Peter Tulip, 2017. "Anticipatory Monetary Policy and the 'Price Puzzle'," RBA Research Discussion Papers rdp2017-02, Reserve Bank of Australia.
• Hawkins, Raymond J. & Nguyen, Chau N., 2017. "Macroeconomic dynamics and the IS puzzle," Economics Discussion Papers 2017-20, Kiel Institute for the World Economy (IfW Kiel).
• Juan Carlos Cuestas & Merike Kukk, 2017. "Asymmetries in the interaction between housing prices and housing credit in Estonia," Bank of Estonia Working Papers wp2017-2, Bank of Estonia, revised 25 May 2017.
• Martin Lukáèik & Karol Szomolányi & Adriana Lukáèiková, 2017. "Short-Run Elasticity of Substitution – Error Correction Model," Working Papers 63/2017, Institute of Economic Research, revised May 2017.
• Michaela Stanickova, 2017. "Efficient Implementation of the Europe 2020 Strategy Goals: Is Social Equality Achievable Reality or Myth Perhaps?," Working Papers 120/2017, Institute of Economic Research, revised May 2017.
• Zlatko J. Kovacic & Milos Vilotic, 2017. "Testing European Business cycles asymmetry," Working Papers 48/2017, Institute of Economic Research, revised May 2017.
• Ndiaye, Ndeye Djiba & Masih, Mansur, 2017. "Is inflation targeting the proper monetary policy regime in a dual banking system? new evidence from ARDL bounds test," MPRA Paper 79420, University Library of Munich, Germany.
• Wei Dai & Mark Weder & Bo Zhang, 2017. "Animal Spirits, Financial Markets and Aggregate Instability," School of Economics and Public Policy Working Papers 2017-08, University of Adelaide, School of Economics and Public Policy.
• Amanda M. Michaud & Jacek Rothert, 2017. "Redistributive Fiscal Policies and Business Cycles in Emerging Economies," Working Papers (Old Series) 1709, Federal Reserve Bank of Cleveland.
• Michalis Nikiforos & Gennaro Zezza, 2017. "Stock-flow Consistent Macroeconomic Models: A Survey," Economics Working Paper Archive wp_891, Levy Economics Institute.
• Karolina Tura-Gawron, 2017. "The Forecasts-based Instrument Rule and Repo Rates Decisions in Sweden. How closely interlinked?," Working Papers 135/2017, Institute of Economic Research, revised May 2017.
• Adrien Auclert, 2017. "Monetary Policy and the Redistribution Channel," NBER Working Papers 23451, National Bureau of Economic Research, Inc.
• Enders, Zeno & Kleemann, Michael & Müller, Gernot J., 2017. "Growth expectations, undue optimism, and short-run fluctuations," Discussion Papers 11/2017, Deutsche Bundesbank.
• Mauro Pisu, 2017. "Promoting a private investment renaissance in Italy," OECD Economics Department Working Papers 1388, OECD Publishing.
• Isabelle Salle & Pascal Seppecher, 2017. "Stabilizing an Unstable Complex Economy-On the limitations of simple rules," CEPN Working Papers 2017-07, Centre d'Economie de l'Université de Paris Nord.
• Magdalena Szyszko & Aleksandra Rutkowska, 2017. "Forward-looking Component in Consumers’ Expectations and the Central Bank’s Forecast: Some Evidence for European Countries," Working Papers 128/2017, Institute of Economic Research, revised May 2017.
• Gerba, Eddie & Żochowski, Dawid, 2017. "Knightian uncertainty and credit cycles," Working Paper Series 2068, European Central Bank.
• Citak, Yusuf Ensar & Masih, Mansur, 2017. "Discerning Granger-causal chain between oil prices, exchange rates and inflation rates: Evidence from Turkey," MPRA Paper 79453, University Library of Munich, Germany.
• Razak, Lutfi Abdul & Masih, Mansur, 2017. "Revisit Feldstein-Horioka puzzle: evidence from Malaysia (1960-2015)," MPRA Paper 79407, University Library of Munich, Germany.
• Fan, Ying & Yavas, Abdullah, 2017. "How Does Mortgage Debt Affect Household Consumption? Micro Evidence from China," MPRA Paper 79306, University Library of Munich, Germany.
• Roberto Marfè, 2016. "Labor Rigidity, In ation Risk and Bond Returns," Carlo Alberto Notebooks 461, Collegio Carlo Alberto.
• Paula Gil & Francisco Martí & Richard Morris & Javier J. Pérez & Roberto Ramos, 2017. "The output effects of tax changes: narrative evidence from Spain," Working Papers 1721, Banco de España.
• Tomasz Piskorski & Alexei Tchistyi, 2017. "An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts," NBER Working Papers 23452, National Bureau of Economic Research, Inc.
• Roberto Marfè & Julien Penasse, 2016. "The Time-Varying Risk of Macroeconomic Disasters," Carlo Alberto Notebooks 463, Collegio Carlo Alberto.
• Luis J. Álvarez & Ana Gómez-Loscos, 2017. "A menu on output gap estimation methods," Working Papers 1720, Banco de España.
• srithilat, khaysy & Sun, Gang, 2017. "The Impact of Monetary Policy on Economic Development: Evidence from Lao PDR," MPRA Paper 79369, University Library of Munich, Germany, revised 27 Apr 2017.
• Christina Christou & Ruthira Naraidoo & Rangan Gupta & Won Joong Kim, 2017. "Monetary Policy Reaction Functions of the TICKs: A Quantile Regression Approach," Working Papers 201738, University of Pretoria, Department of Economics.
• Christian Garciga & Edward S. Knotek, 2017. "Forecasting GDP Growth with NIPA Aggregates," Working Papers (Old Series) 1708, Federal Reserve Bank of Cleveland.
• Blazej Mazur, 2017. "Density Forecasts of Polish Industrial Production: a Probabilistic Perspective on Business Cycle Fluctuations," Working Papers 75/2017, Institute of Economic Research, revised May 2017.
• Cantillo, Miguel, 2017. "A Reconsideration of the Equity Premium Puzzle," MPRA Paper 79357, University Library of Munich, Germany.
• Silva Lopes, Artur C. & Florin Zsurkis, Gabriel, 2017. "Are linear models really unuseful to describe business cycle data?," MPRA Paper 79413, University Library of Munich, Germany.
• Deicy Cristiano-Botia & Eliana González-Molano & Carlos Huertas-Campos, 2017. "Evaluación de la transmisión de la tasa de interés de referencia a las tasas de interés del sistema financiero considerando las expectativas de los agentes," Borradores de Economia 988, Banco de la Republica de Colombia.
• Matt Darst & Ehraz Refayet, 2017. "A Model of Endogenous Debt Maturity with Heterogeneous Beliefs," Finance and Economics Discussion Series 2017-057, Board of Governors of the Federal Reserve System (U.S.).
• Grégory Claeys & Konstantinos Efstathiou, 2017. "Is the recent increase in long-term interest rates a threat to euro-area recovery?," Policy Contributions 20686, Bruegel.
• Nor, Amirudin Mohd & Masih, Mansur, 2017. "Do Islamic banks lead or lag conventional banks? Evidence from Malaysia," MPRA Paper 79425, University Library of Munich, Germany.
• Wieslaw Matwiejczuk & Mariusz Gorustowicz, 2017. "Determinants of economic fluctuations in the construction sec-tor," Working Papers 74/2017, Institute of Economic Research, revised May 2017.
• Roberto Marfè, 2016. "Labor Rigidity and the Dynamics of the Value Premium," Carlo Alberto Notebooks 460, Collegio Carlo Alberto.
• Leslie G. Manison, 2017. "Lack Of Adjustment Of The Cyprus Household Sector: Results From The Eurosystem’S Household Finance And Consumption Surveys," Development Discussion Papers 2017-10, JDI Executive Programs.
• Mariusz Zielinski, 2017. "The Influence of the Economic Situation on Employment and its Structure in the Central and Eastern European Countries," Working Papers 147/2017, Institute of Economic Research, revised May 2017.
• Yosuke Jin & Aida Caldera Sánchez & Pilar Garcia Perea, 2017. "Reforms for more and better quality jobs in Spain," OECD Economics Department Working Papers 1386, OECD Publishing.
• Hodori, Arif & Masih, Mansur, 2017. "Determinants of profitability of takaful operators: new evidence from Malaysia based on dynamic GMM approach," MPRA Paper 79441, University Library of Munich, Germany.
• Georgios Georgiadis & Martina Jancokova, 2017. "Financial Globalisation, Monetary Policy Spillovers and Macro-modelling: Tales from 1001 Shocks," Globalization Institute Working Papers 314, Federal Reserve Bank of Dallas.
• Anna Horodecka & Liudmyla Vozna, 2017. "Wage Inequality in its Relation with Macroeconomic Stability: A Synergetic Approach," Working Papers 37/2017, Institute of Economic Research, revised May 2017.
• Perevyshin, Yuri (Перевышин, Юрий), 2017. "Peculiarities of Interaction of Monetary and Fiscal Policy Under the Inflation Targeting Regime [Особенности Взаимодействия Денежно-Кредитной И Фискальной Политики При Режиме Инфляционного Таргетир," Working Papers 031711, Russian Presidential Academy of National Economy and Public Administration.
• Shaofeng Xu, 2017. "Volatility Risk and Economic Welfare," Staff Working Papers 17-20, Bank of Canada.
• James D. Hamilton, 2017. "Why You Should Never Use the Hodrick-Prescott Filter," NBER Working Papers 23429, National Bureau of Economic Research, Inc.
• Wasniewski, Krzysztof, 2017. "Financial equilibrium in the presence of technological change," MPRA Paper 79426, University Library of Munich, Germany.
• Bakari, Sayef, 2017. "The Impact of Domestic Investment on Economic Growth: New Evidence from Malaysia," MPRA Paper 79436, University Library of Munich, Germany.
• Francisco M. Gonzalez & Yu Chen & Matthew Doyle, 2017. "Mismatch As Choice," Working Papers 1702, University of Waterloo, Department of Economics, revised May 2017.
• Luo, Yinghao, 2017. "Communism, Value Neutrality and Monetary Neutrality," MPRA Paper 79367, University Library of Munich, Germany.
• Mallick, Debdulal, 2017. "The Growth-Volatility Relationship: What Does Volatility Decomposition Tell?," MPRA Paper 79397, University Library of Munich, Germany.
• Anthony A. DeFusco & Charles G. Nathanson & Eric Zwick, 2017. "Speculative Dynamics of Prices and Volume," NBER Working Papers 23449, National Bureau of Economic Research, Inc.
• Oliver de Groot & Alexander W. Richter & Nathaniel A. Throckmorton, 2017. "Uncertainty Shocks in a Model of Effective Demand: Comment," Working Papers 1706, Federal Reserve Bank of Dallas.
• Salvatore Perdichizzi, 2017. "The impact of ECBs conventional and unconventional monetary policies on European banking indexes returns," DISCE - Working Papers del Dipartimento di Economia e Finanza def059, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
• Stephen F. Quinn & William Roberds, 2017. "An Early Experiment with \"Permazero\"," FRB Atlanta Working Paper 2017-5, Federal Reserve Bank of Atlanta.
• Tanin, Tauhidul Islam & Masih, Mansur, 2017. "Does economic freedom lead or lag economic growth? evidence from Bangladesh," MPRA Paper 79446, University Library of Munich, Germany.
• Eleni Dalla, 2017. "Monetary policy implications on the investment decision: Do economies of scope in the banking sector matter?," Discussion Paper Series 2017_05, Department of Economics, University of Macedonia, revised Mar 2017.
• Trunin, Pavel (Трунин, Павел) & Sinelnikov-Murylev, Segei (Синельников-Мурылев, Сергей) & Perevyshin, Yuri (Перевышин, Юрий) & Egorov, D.A. (Егоров, Д.А.), 2017. "Analysis of the Regional Differentiation of Inflation [Анализ Региональной Дифференциации Инфляции]," Working Papers 021708, Russian Presidential Academy of National Economy and Public Administration.
• Magdalena Cyrek, 2017. "Social Efficiency of Sectoral Employment in Polish Regions," Working Papers 21/2017, Institute of Economic Research, revised May 2017.
• Pleskachev, Yury (Плескачев, Юрий) & Ponomarev, Yury (Пономарев, Юоий), 2017. "The Degree of Import Price Rigidity with Respect to Exchange Rate Fluctuations and Importing Firm Characteristics in Russian Economy [Влияние Колебаний Обменного Курса И Характеристик Фирм Импортер," Working Papers 031706, Russian Presidential Academy of National Economy and Public Administration.
• Wahab, Fatin Farhana & Masih, Mansur, 2017. "Discerning lead-lag between fear index and realized volatility," MPRA Paper 79433, University Library of Munich, Germany.
• Oliver de Groot & Alexander W. Richter & Nathaniel A. Throckmorton, 2017. "Uncertainty Shocks in a Model of Effective Demand: Comment," Discussion Paper Series, School of Economics and Finance 201710, School of Economics and Finance, University of St Andrews, revised 25 May 2017.
• Charles F. Manski, 2017. "Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise," NBER Working Papers 23418, National Bureau of Economic Research, Inc.
• Oliver de Groot & Alexander W. Richter & Nathaniel A. Throckmorton, 2017. "Uncertainty Shocks in a Model of Effective Demand: Comment," CDMA Working Paper Series 201703, Centre for Dynamic Macroeconomic Analysis, revised 25 May 2017.
• Paul Mercier, 2017. "Public debt, central bank and money: Some clarifications," BCL working papers 108, Central Bank of Luxembourg.
• Marcin Sitek, 2017. "The Risk Involved in Implementation of Innovations in the Real Estate Market," Working Papers 159/2017, Institute of Economic Research, revised May 2017.
• Tairi Room & Jaanika Merikull, 2017. "The financial fragility of Estonian households: Evidence from stress tests on the HFCS microdata," Bank of Estonia Working Papers wp2017-4, Bank of Estonia, revised 25 May 2017.
• Nazeer, Abdul Malik & Masih, Mansur, 2017. "Impact of political instability on foreign direct investment and Economic Growth: Evidence from Malaysia," MPRA Paper 79418, University Library of Munich, Germany.
• Santeramo, Fabio Gaetano & Lamonaca, Emilia & Contò, Francesco & Stasi, Antonio & Nardone, Gianluca, 2017. "Drivers of grain price volatility: a cursory critical review," MPRA Paper 79427, University Library of Munich, Germany.
• Katarzyna Grotkiewicz & Agnieszka Latawiec & Maciej Kubon & Anna Szelag-Sikora & Marcin Niemiec, 2017. "Productivity of work and land: a comparison between three dissimilar countries," Working Papers 30/2017, Institute of Economic Research, revised May 2017.
• John C. Williams, 2017. "Risk, Resilience & Sustainable Growth: U.S. Monetary Policy in a Post-Recovery Era," Speech 177, Federal Reserve Bank of San Francisco.
• Isaev, Mirolim & Masih, Mansur, 2017. "The nexus of private sector foreign debt, unemployment, trade openness: evidence from Australia," MPRA Paper 79423, University Library of Munich, Germany.
• Bellino, Enrico & Serrano, Franklin, 2017. "Gravitation of market prices towards normal prices: some new results," MPRA Paper 79297, University Library of Munich, Germany.
• Dobronravova, Elizaveta (Добронравова, Елизавета), 2017. "Modeling the Processes of Economic and Monetary Integration [Моделирование Процессов Экономической И Валютной Интеграции]," Working Papers 031710, Russian Presidential Academy of National Economy and Public Administration.
• Funke, Michael & Kirkby, Robert & Mihaylovski, Petar, 2017. "House prices and macroprudential policy in an estimated DSGE model of New Zealand," Working Paper Series 6354, Victoria University of Wellington, School of Economics and Finance.
• David Haugh & Müge Adalet McGowan & Dan Andrews & Aida Caldera Sánchez & Gabor Fulop & Pilar Garcia Perea, 2017. "Fostering innovative business investment in Spain," OECD Economics Department Working Papers 1387, OECD Publishing.
• Maryam Farboodi & Laura Veldkamp, 2017. "Long Run Growth of Financial Technology," NBER Working Papers 23457, National Bureau of Economic Research, Inc.
• Luca Pensieroso & Alessandro Sommacal, 2017. "Agriculture to Industry: the End of Intergenerational Coresidence," Working Papers 10/2017, University of Verona, Department of Economics.
• Luca Pensieroso & Alessandro Sommacal, 2017. "Agriculture to Industry: the End of Intergenerational Coresidence," LIDAM Discussion Papers IRES 2017007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Ahmed, Azleen Rosemy & Masih, Mansur, 2017. "What is the link between financial development and income inequality? evidence from Malaysia," MPRA Paper 79416, University Library of Munich, Germany.
• Edward Herbst & Frank Schorfheide, 2017. "Tempered Particle Filtering," NBER Working Papers 23448, National Bureau of Economic Research, Inc.
• Möhlmann, Axel, 2017. "Interest rate risk of life insurers: Evidence from accounting data," Discussion Papers 10/2017, Deutsche Bundesbank.
• Kebalo, Léleng, 2017. "Incidence de l'ouverture économique et de la libéralisation financière des pays de la Communauté Économique des États de l'Afrique de l'Ouest sur leurs activités économiques [Impact of economic ope," MPRA Paper 79442, University Library of Munich, Germany.
• Psofogiorgos, Nikolaos - Alexandros & Metaxas, Theodore, 2017. "IMF, Democracy and Economic Development: Review and Critique," MPRA Paper 79403, University Library of Munich, Germany.
• Rohit Azad, 2017. "Plurality in Teaching Macroeconomics," Working Papers 1719, New School for Social Research, Department of Economics.