Report NEP-MAC-2017-08-13

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:

• Carlos E. Posada & Alfredo Villca, 2017. "¿Es conveniente una autoridad monetaria “blanda”?," Documentos de Trabajo de Valor Público 15673, Universidad EAFIT.
• Wei Cui, 2017. "Macroeconomic Effects of Delayed Capital Liquidation," Discussion Papers 1719, Centre for Macroeconomics (CFM).
• Luca Benati & Peter N. Ireland, 2017. "Money-Multiplier Shocks," Boston College Working Papers in Economics 933, Boston College Department of Economics.
• Tanweer Akram & Huiqing Li, 2017. "An Inquiry Concerning Long-term US Interest Rates Using Monthly Data," Economics Working Paper Archive wp_894, Levy Economics Institute.
• Blanchard, Olivier & Portugal, Pedro, 2017. "Boom, Slump, Sudden Stops, Recovery, and Policy Options: Portugal and the Euro," IZA Policy Papers 131, Institute of Labor Economics (IZA).
• DiGabriele, Jim & Ojo, Marianne, 2017. "The efficiency wage hypothesis and the role of corporate governance in firm performance," MPRA Paper 80710, University Library of Munich, Germany.
• Thorsten Drautzburg & Jesús Fernández-Villaverde & Pablo Guerrón-Quintana, 2017. "Bargaining Shocks and Aggregate Fluctuations," NBER Working Papers 23647, National Bureau of Economic Research, Inc.
• Dennis Bonam & Jakob de Haan & Beau Soederhuizen, 2017. "The effects of fiscal policy at the effective lower bound," DNB Working Papers 565, Netherlands Central Bank, Research Department.
• Michael D. Bauer & Glenn D. Rudebusch, 2019. "Interest Rates Under Falling Stars," Working Paper Series 2017-16, Federal Reserve Bank of San Francisco.
• Bitros, George C. & Nadiri, M. Ishaq, 2017. "Behavior of business investment in the USA under variable and proportional rates of replacement," MPRA Paper 80594, University Library of Munich, Germany.
• Joel Wagner, 2017. "Downward Nominal Wage Rigidity in Canada: Evidence Against a “Greasing Effect”," Staff Working Papers 17-31, Bank of Canada.
• François Gourio & Anil K. Kashyap & Jae Sim, 2017. "The Tradeoffs in Leaning Against the Wind," NBER Working Papers 23658, National Bureau of Economic Research, Inc.
• Yamaguchi, Masao, 2017. "Stagnation and minimum wage: Optimal minimum wage policy in macroeconomics," MPRA Paper 80359, University Library of Munich, Germany.
• Rilind Kabashi, 2017. "Macroeconomic effects of fiscal policy in the European Union, with particular reference to transition countries," Working Papers 2017-03, National Bank of the Republic of North Macedonia.
• Sanchez, Manuel & Wellschmied, Felix, 2017. "Modeling Life-Cycle Earnings Risk with Positive and Negative Shocks," IZA Discussion Papers 10925, Institute of Labor Economics (IZA).
• Robert J. Kurtzman & David Zeke, 2017. "Misallocation Costs of Digging Deeper into the Central Bank Toolkit," Finance and Economics Discussion Series 2017-076, Board of Governors of the Federal Reserve System (U.S.).
• Alok Johri & Md Mahbubur Rahman, 2017. "The Rise and Fall of India's Relative Investment Price: A Tale of Policy Error and Reform," Department of Economics Working Papers 2017-12, McMaster University, revised 03 Oct 2017.
• Elena Gerko & Hélène Rey, 2017. "Monetary Policy in the Capitals of Capital," NBER Working Papers 23651, National Bureau of Economic Research, Inc.
• International Monetary Fund, 2017. "Italy; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy," IMF Staff Country Reports 17/237, International Monetary Fund.
• Daniel R. Sanches, 2017. "Banking Panics and Output Dynamics," Working Papers 17-20, Federal Reserve Bank of Philadelphia.
• Gabriel Jiménez & José-Luis Peydró & Rafael Repullo & Jesús Saurina, 2017. "Burning Money? Government Lending in a Credit Crunch," Working Papers 984, Barcelona School of Economics.
• Enrico Gabriele, 2017. "Re-Evaluating The Keynesian Multiplier: Critiques And Evidence From Europe," CERBE Working Papers wpC21, CERBE Center for Relationship Banking and Economics.
• Paul J.J. Welfens & Samir Kadiric, 2017. "Neuere Finanzmarktaspekte von Bankenkrise, QE-Politik und EU-Bankenaufsicht," EIIW Discussion paper disbei239, Universitätsbibliothek Wuppertal, University Library.
• Lerbs, Oliver & Voigtländer, Michael, 2018. "Ist eine makroprudenzielle Regulierung des deutschen Hypothekenmarktes geboten?," ZEW Discussion Papers 17-029, ZEW - Leibniz Centre for European Economic Research, revised 2018.
• Fasoranti, Modupe Mary & Alimi, Rasaq Santos, 2017. "Government Size, Political Institutions and Output Growth in Nigeria," MPRA Paper 80562, University Library of Munich, Germany.
• Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2017. "How Should News Shocks Be Specified Under Rational Expectations?," Cardiff Economics Working Papers E2017/7, Cardiff University, Cardiff Business School, Economics Section.
• International Monetary Fund, 2017. "Republic of Madagascar; 2017 Article IV Consultation, First Review Under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion, Modification of Per," IMF Staff Country Reports 17/223, International Monetary Fund.
• International Monetary Fund, 2017. "Tunisia; First Review Under the Extended Fund Facility, Request for Waivers of NonObservance of Performance Criteria and Rephasing of Access-Press Release; Staff Report;and Statement by the Executive ," IMF Staff Country Reports 17/203, International Monetary Fund.
• Nino Kokashvili & Irakli Barbakadze & Ketevani Kapanadze, 2017. "How Participating In The Shadow Economy Affects The Growth Of Latvian Firms," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 101, Faculty of Economics and Business Administration, University of Tartu (Estonia).
• International Monetary Fund, 2017. "Singapore; 2017 Article IV Consultation-Press Release; Staff Report," IMF Staff Country Reports 17/240, International Monetary Fund.
• Lo Duca, Marco & Koban, Anne & Basten, Marisa & Bengtsson, Elias & Klaus, Benjamin & Kusmierczyk, Piotr & Lang, Jan Hannes & Detken, Carsten & Peltonen, Tuomas, 2017. "A new database for financial crises in European countries," Occasional Paper Series 194, European Central Bank.
• Alfredo Marvão Pereira & Rui Manuel Pereira, 2017. "Is All Infrastructure Investment Created Equal? The Case of Portugal," GEE Papers 0075, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Aug 2017.
• Sergey V. Smirnov & Nikolay V. Kondrashov, 2017. "Indices of Regional Economic Activity for Russia," HSE Working papers WP BRP 169/EC/2017, National Research University Higher School of Economics.
• International Monetary Fund, 2017. "Japan; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan," IMF Staff Country Reports 17/242, International Monetary Fund.
• International Monetary Fund, 2017. "Republic of Armenia; 2017 Article IV Consultation and Fifth and Final Review Under the Extended Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Armenia," IMF Staff Country Reports 17/226, International Monetary Fund.
• Pham, Ngoc-Sang, 2017. "Dividend taxation in an infinite-horizon general equilibrium model," MPRA Paper 80580, University Library of Munich, Germany.
• Engelbert Stockhammer & Rafael Wildauer, 2017. "Expenditure cascades, low interest rates or property booms? Determinants of household debt in OECD Countries," Working Papers PKWP1710, Post Keynesian Economics Society (PKES).
• Müller, Gernot & Corsetti, Giancarlo & Kuester, Keith, 2017. "Fixed on Flexible: Rethinking Exchange Rate Regimes after the Great Recession," CEPR Discussion Papers 12197, C.E.P.R. Discussion Papers.
• International Monetary Fund, 2017. "Euro Area Policies; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries," IMF Staff Country Reports 17/235, International Monetary Fund.
• International Monetary Fund, 2017. "Paraguay; 2017 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 17/233, International Monetary Fund.
• Zheng Liu & Pengfei Wang & Zhiwei Xu, 2019. "Interest-Rate Liberalization and Capital Misallocations," Working Paper Series 2017-15, Federal Reserve Bank of San Francisco.
• Giovanni Melina & Stefania Villa, 2017. "Leaning Against Windy Bank Lending," IMF Working Papers 17/179, International Monetary Fund.
• Konstantakis, Konstantinos N. & Michaelides, Panayotis G., 2017. "Technology and Business Cycles: A Schumpeterian Investigation for the USA," MPRA Paper 80636, University Library of Munich, Germany.
• -, 2017. "U.S. Economic Outlook: Quarterly developments," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 41986, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
• Köppl-Turyna, Monika & Lorenz, Hanno, 2016. "Demand-side economics in times of high debt: The case of the European Union," Working Papers 02, Agenda Austria.
• International Monetary Fund, 2017. "Brazil; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil," IMF Staff Country Reports 17/215, International Monetary Fund.
• International Monetary Fund, 2017. "Jordan; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Jordan," IMF Staff Country Reports 17/231, International Monetary Fund.
• John C. Williams, 2017. "Monetary Policy’s Role in Fostering Sustainable Growth," Speech 181, Federal Reserve Bank of San Francisco.
• International Monetary Fund, 2017. "Republic of Poland; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Poland," IMF Staff Country Reports 17/220, International Monetary Fund.
• OKIMOTO Tatsuyoshi & TAKAOKA Sumiko, 2017. "No-arbitrage Determinants of Japanese Government Bond Yield and Credit Spread Curves," Discussion papers 17104, Research Institute of Economy, Trade and Industry (RIETI).
• Willem THORBECKE, 2017. "The Effect of the Fed's Large-scale Asset Purchases on Inflation Expectations," Discussion papers 17097, Research Institute of Economy, Trade and Industry (RIETI).
• DiGabriele, Jim & Ojo, Marianne, 2017. "Chameleons in the midst of hawks: The real meaning to be attributed to the definition of fraud," MPRA Paper 80709, University Library of Munich, Germany.
• International Monetary Fund, 2017. "Central African Republic; Second Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Central African Republic," IMF Staff Country Reports 17/245, International Monetary Fund.
• International Monetary Fund, 2017. "Gabon; Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Gabon," IMF Staff Country Reports 17/205, International Monetary Fund.
• International Monetary Fund, 2017. "Uganda; 2017 Article IV Consultation and Eighth Review Under the Policy Support Instrument-Press Release; Staff Report; and Statement by the Executive Director for Uganda," IMF Staff Country Reports 17/206, International Monetary Fund.
• Ralf Brüggemann & Christian Kascha, 2017. "Directed Graphs and Variable Selection in Large Vector Autoregressive Models," Working Paper Series of the Department of Economics, University of Konstanz 2017-06, Department of Economics, University of Konstanz.
• International Monetary Fund, 2017. "Mali; Seventh Review Under the Extended Credit Facility Arrangement, and Request for Extension and Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Mali," IMF Staff Country Reports 17/209, International Monetary Fund.
• Jean-Guillaume Poulain & Julien Reynaud, 2017. "IMF Lending in an Interconnected World," IMF Working Papers 17/155, International Monetary Fund.
• Bao H. NGUYEN & OKIMOTO Tatsuyoshi, 2017. "Asymmetric Reactions of the U.S. Natural Gas Market and Economic Activity," Discussion papers 17102, Research Institute of Economy, Trade and Industry (RIETI).
• International Monetary Fund, 2017. "Senegal; Fourth Review Under the Policy Support Instrument and Request for an Extension of the Policy Support Instrument-Press Release; Staff Report; and Statement by the Executive Director for Senega," IMF Staff Country Reports 17/230, International Monetary Fund.
• Davide Debortoli & Jinill Kim & Jesper Lindé & Ricardo C Nunes, 2017. "Designing a Simple Loss Function for Central Banks; Does a Dual Mandate Make Sense?," IMF Working Papers 17/164, International Monetary Fund.
• Ahmed Jamal Pirzada, 2017. "Price Stickiness and Intermediate Materials Prices," Bristol Economics Discussion Papers 17/686, School of Economics, University of Bristol, UK.
• Savvides, Savvakis C., 2017. "Private Debt is the Problem!," MPRA Paper 80627, University Library of Munich, Germany.
• International Monetary Fund, 2017. "Somalia; Second and Final Review Under the Staff-Monitored Program and Request for a New Staff-Monitored Program-Press Release and Staff Report," IMF Staff Country Reports 17/204, International Monetary Fund.
• Yıldırım, Durmuş Çağrı & Çevik, Emrah İsmail, 2017. "Finansal Dışa Açıklık İle Ekonomik Büyüme İlişkisi: Asimetrik Nedensellik Testi [The Relation between Financial Openness and Economic Growth: Asymmetric Causality Test]," MPRA Paper 80472, University Library of Munich, Germany.
• International Monetary Fund, 2017. "Rwanda; Staff Report for the 2017 Article IV Consultation, Seventh Review Under the Policy Support Instrument, and Second Review Under the Standby Credit Facility- Press Release; Staff Report; and Sta," IMF Staff Country Reports 17/217, International Monetary Fund.
• Kose, M. Ayhan & Kurlat , Sergio & Ohnsorge, Franziska & Sugawara, Naotaka, 2017. "A Cross-Country Database of Fiscal Space," CEPR Discussion Papers 12196, C.E.P.R. Discussion Papers.
• M. Ayhan Kose & Sergio Kurlat & Franziska Ohnsorge & Naotaka Sugawara, 2017. "A cross-country database of fiscal space," CAMA Working Papers 2017-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Daniel Garcia-Macia, 2017. "The Financing of Ideas and the Great Deviation," IMF Working Papers 17/176, International Monetary Fund.
• Marco DiMaggio & Amir Kermani & Rodney Ramcharan & Edison Yu, 2017. "Household Credit and Local Economic Uncertainty," Working Papers 17-21, Federal Reserve Bank of Philadelphia.
• International Monetary Fund, 2017. "United States; 2017 Article IV Consultation-Press Release; Staff Report," IMF Staff Country Reports 17/239, International Monetary Fund.
• Gete, Pedro & Zecchetto, Franco, 2017. "Distributional Implications of Government Guarantees in Mortgage Markets," MPRA Paper 80643, University Library of Munich, Germany.
• Andrey G. Shulgin, 2017. "A Simple Theoretical Setup for the Evaluation of Sterilized Intervention Effectiveness in a Small Open Commodity Exporting Economy," HSE Working papers WP BRP 170/EC/2017, National Research University Higher School of Economics.
• Schwärzler, Marion Cornelia & Kronenberg, Tobias, 2017. "Basic Results of the Multiregional Health Account for Germany - Validation of Direct Effects of the Health Economy," MPRA Paper 80717, University Library of Munich, Germany.
• Maupin, Julie, 2017. "The G20 countries should engage with blockchain technologies to build an inclusive, transparent, and accountable digital economy for all," Economics Discussion Papers 2017-48, Kiel Institute for the World Economy (IfW Kiel).
• Alfredo Marvão Pereira & Rui Manuel Pereira, 2017. "Why Virtuous Supply-Side Effects and Irrelevant Keynesian Effects are not Foregone Conclusions: What we Learn from an Industry-Level Analysis of Infrastructure Investments in Portugal," GEE Papers 0076, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Aug 2017.
• Gani Ramadani, 2017. "Firms’ responses to shocks by price, wage and employment in Macedonia," Working Papers 2017-02, National Bank of the Republic of North Macedonia.
• Christian Fons-Rosen & Sebnem Kalemli-Ozcan & Bent E. Sorensen & Carolina Villegas-Sanchez & Vadym Volosovych, 2017. "Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects," NBER Working Papers 23643, National Bureau of Economic Research, Inc.
• Thomas Goda & Santiago Sanchez, 2017. "Market and disposable top income shares adjusted by national accounts data," Working Papers PKWP1711, Post Keynesian Economics Society (PKES).
• Thomas Goda & Santiago Sanchez, 2017. "Market and disposable top income shares adjusted by national accounts data," Documentos de Trabajo de Valor Público 15674, Universidad EAFIT.
• Schwärzler, Marion Cornelia & Kronenberg, Tobias, 2017. "Basic Results of the Multiregional Health Account for Germany - Validation of Indirect Effects of the Health Economy," MPRA Paper 80719, University Library of Munich, Germany.