Report NEP-MAC-2017-11-12

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:

• Zeno Enders, 2017. "Heterogeneous Consumers, Segmented Asset Markets, and the Real Effects of Monetary Policy," CESifo Working Paper Series 6467, CESifo.
• Gilberto Tadeu Lima & Mark Setterfield & Jaylson Jair da Silveira, 2017. "The Great Deception: the ‘science’ of monetary policy and the Great Moderation revisited," Working Papers 1729, New School for Social Research, Department of Economics.
• Kliem, Martin & Meyer-Gohde, Alexander, 2017. "(Un)expected monetary policy shocks and term premia," Discussion Papers 30/2017, Deutsche Bundesbank.
• William A. Barnett & Liting Su, 2017. "Financial Firm Production Of Inside Monetary And Credit Card Services: An Aggregation Theoretic Approach1," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201707, University of Kansas, Department of Economics, revised Oct 2017.
• Falck, Elisabeth & Hoffmann, Mathias & Hürtgen, Patrick, 2017. "Disagreement and monetary policy," Discussion Papers 29/2017, Deutsche Bundesbank.
• Chris Garbers & Guangling Dave Liu, 2017. "Flow specific capital controls for emerging markets," Working Papers 717, Economic Research Southern Africa.
• Francesco Bianchi & Leonardo Melosi, 2017. "The Dire Effects of the Lack of Monetary and Fiscal Coordination," Working Paper Series WP-2017-19, Federal Reserve Bank of Chicago.
• Christopher A. Hollrah & Steven A. Sharpe & Nitish R. Sinha, 2017. "What's the Story? A New Perspective on the Value of Economic Forecasts," Finance and Economics Discussion Series 2017-107, Board of Governors of the Federal Reserve System (U.S.).
• Mustapha Olalekan Ojo & Luís Aguiar-Conraria & Maria Joana Soares, 2017. "A time-frequency analysis of the Canadian macroeconomy and the yield curve," NIPE Working Papers 12/2017, NIPE - Universidade do Minho.
• T. Bennani & C. Couaillier & A. Devulder & S. Gabrieli & J. Idier & P. Lopez & T. Piquard & V. Scalone, 2017. "An analytical framework to calibrate macroprudential policy," Working papers 648, Banque de France.
• Bachmann, Rüdiger & Bayer, Christian & Merkl, Christian & Seth, Stefan & Stüber, Heiko & Wellschmied, Felix, 2017. "Worker Churn and Employment Growth at the Establishment Level," IZA Discussion Papers 11063, Institute of Labor Economics (IZA).
• Guilherme Bandeira & Evi Pappa & Rana Sajedi & Eugenia Vella, 2017. "Fiscal Consolidation in a Low Inflation Environment: Pay Cuts versus Lost Jobs," Working Papers 2017012, The University of Sheffield, Department of Economics.
• Michael D. Bauer & Glenn D. Rudebusch, 2017. "Interest Rates Under Falling Stars," CESifo Working Paper Series 6571, CESifo.
• Ernesto Pasten & Raphael S. Schoenle & Michael Weber & Michael Weber, 2017. "Price Rigidities and the Granular Origins of Aggregate Fluctuations," CESifo Working Paper Series 6619, CESifo.
• Kenny, Seán & Lennard, Jason & Turner, John D., 2017. "The macroeconomic effects of banking crises: Evidence from the United Kingdom, 1750-1938," QUCEH Working Paper Series 2017-09, Queen's University Belfast, Queen's University Centre for Economic History.
• Aurélien Leroy & Yannick Lucotte, 2017. "Competition and credit procyclicality in European banking," Bank of Estonia Working Papers wp2017-9, Bank of Estonia, revised 09 Nov 2017.
• Javier Garcia-Cicco & Markus Kirchner & Julio Carrillo & Diego Rodríguez & Fernando Perez & Rocío Gondo & Carlos Montoro & Roberto Chang, 2017. "Financial and real shocks and the effectiveness of monetary and macroprudential policies in Latin American countries," BIS Working Papers 668, Bank for International Settlements.
• William F. Lincoln & Andrew H. McCallum & Michael Siemer, 2017. "The Great Recession and a Missing Generation of Exporters," Finance and Economics Discussion Series 2017-108, Board of Governors of the Federal Reserve System (U.S.).
• Karsten Staehr & Lenno Uuskula, 2017. "Forecasting models for non-performing loans in the EU countries," Bank of Estonia Working Papers wp2017-10, Bank of Estonia, revised 09 Nov 2017.
• Falk Bräuning & Victoria Ivashina, 2017. "U. S. monetary policy and emerging market credit cycles," Working Papers 17-9, Federal Reserve Bank of Boston.
• François Gourio & Anil K. Kashyap & Jae W. Sim, 2017. "The Tradeoffs in Leaning Against the Wind," Working Paper Series WP-2017-21, Federal Reserve Bank of Chicago.
• Gomes, Pedro Maia, 2017. "Heterogeneity and the Public Sector Wage Policy," IZA Discussion Papers 11091, Institute of Labor Economics (IZA).
• Giovanni Caggiano & Efrem Castelnuovo & Giovanni Pellegrino, 2017. "Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound," CESifo Working Paper Series 6622, CESifo.
• Anna Thum-Thysen & Peter Voigt & Benat Bilbao-Osorio & Christoph Maier & Diana Ognyanova, 2017. "Unlocking Investment in Intangible Assets," European Economy - Discussion Papers 047, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Juan Carlos Parra-Alvarez & Olaf Posch & Mu-Chun Wang, 2017. "Estimation of Heterogeneous Agent Models: A Likelihood Approach," CESifo Working Paper Series 6717, CESifo.
• Gunther Schnabl, 2017. "The Failure of ECB Monetary Policy from a Mises-Hayek Perspective," CESifo Working Paper Series 6388, CESifo.
• Hegadekatti, Kartik & S G, Yatish, 2016. "Proof-of-Sovereignty (PoSv) as a Method to Achieve Distributed Consensus in Crypto-Currency Networks," MPRA Paper 82072, University Library of Munich, Germany, revised 24 Sep 2016.
• Devonald, L. & Higson, C. & Holly, S., 2017. "Aggregate and Firm level volatility: the role of acquisitions and disposals," Cambridge Working Papers in Economics 1748, Faculty of Economics, University of Cambridge.
• Hegadekatti, Kartik & S G, Yatish, 2016. "Roadmap for a Controlled Block Chain architecture," MPRA Paper 82070, University Library of Munich, Germany, revised 16 Aug 2016.
• Christoph Bierbrauer, 2017. "Fiscal policy transmission in a non-Ricardian model of a monetary union," Working Papers 109, Institute of Empirical Economic Research, Osnabrueck University.
• Engin Kara & Yongmin Park, 2017. "Heterogeneity in Staggered Wage Bargaining and Unemployment Volatility Puzzle," CESifo Working Paper Series 6536, CESifo.
• Björn Kauder & Niklas Potrafke & Christoph Schinke, 2017. "Manipulating Fiscal Forecasts: Evidence from the German States," CESifo Working Paper Series 6310, CESifo.
• Jesper Lindé & Mathias Trabandt, 2017. "Should We Use Linearised Models to Calculate Fiscal Multipliers?," European Economy - Discussion Papers 064, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Ricardo Reis, 2017. "Can the Central Bank Alleviate Fiscal Burdens?," CESifo Working Paper Series 6604, CESifo.
• Jan Toporowski, 2017. "Kalecki on Technology and Military Keynesianism," SPRU Working Paper Series 2017-22, SPRU - Science Policy Research Unit, University of Sussex Business School.
• Abbassi, Puriya & Bräuning, Falk & Schulze, Niels, 2017. "Bargaining power and outside options in the interbank lending market," Discussion Papers 31/2017, Deutsche Bundesbank.
• Hegadekatti, Kartik & S G, Yatish, 2016. "Banking Systems in an Economy Dominated by Cryptocurrencies," MPRA Paper 82100, University Library of Munich, Germany, revised 24 Oct 2016.
• Polbin, Andrey & Fokin, Nikita, 2017. "К Вопросу О Долгосрочной Взаимосвязи Реального Потребления Домохозяйств С Реальным Доходом В Рф [A note on cointegration relationship between real consumption and real income in Russia]," MPRA Paper 82451, University Library of Munich, Germany, revised Nov 2017.
• Christiaan Pattipeilohy & Christina Bräuning & Jan Willem van den End & Renske Maas, 2017. "Assessing the effective stance of monetary policy: A factor-based approach," DNB Working Papers 575, Netherlands Central Bank, Research Department.
• Hegadekatti, Kartik & S G, Yatish, 2016. "The K-Y Protocol: The First Protocol for the Regulation of Crypto Currencies (E.g.-Bitcoin)," MPRA Paper 82067, University Library of Munich, Germany.
• Stéphanie Pamies Sumner & Katia Berti, 2017. "A Complementary Tool to Monitor Fiscal Stress in European Economies," European Economy - Discussion Papers 049, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Juliane Gerstenberger & Gunther Schnabl, 2017. "The Impact of Japanese Monetary Policy Crisis Management on the Japanese Banking Sector," CESifo Working Paper Series 6440, CESifo.
• O'Grady, Michael & Rice, Jonathan & Walsh, Graeme, 2017. "Global and Domestic Modeling of Macroeconomic Shocks: A GVAR Analysis of Ireland," Research Technical Papers 09/RT/17, Central Bank of Ireland.
• Mavikela, Nomahlubi & Mhaka, Simba & Phiri, Andrew, 2018. "The inflation-growth relationship in SSA inflation targeting countries," MPRA Paper 82141, University Library of Munich, Germany.
• Ken Anadu & Viktoria Baklanova, 2017. "The Intersection of U.S. Money Market Mutual Fund Reforms, Bank Liquidity Requirements, and the Federal Home Loan Bank System," Supervisory Research and Analysis Working Papers RPA 17-5, Federal Reserve Bank of Boston.
• Niklas Engbom & Christian Moser, 2017. "Earnings Inequality and the Minimum Wage: Evidence from Brazil," CESifo Working Paper Series 6393, CESifo.
• Salomon Faure & Hans Gersbach, 2017. "Money Creation and Destruction," CESifo Working Paper Series 6565, CESifo.
• Ryan Chahrour & Kyle Jurado, 2017. "Recoverability," Boston College Working Papers in Economics 935, Boston College Department of Economics.
• Gianluca Cafiso, 2017. "GDP Growth, Private Debt and Monetary Policy," CESifo Working Paper Series 6500, CESifo.
• Nicolas Philiponnet & Alessandro Turrini, 2017. "Assessing House Price Developments in the EU," European Economy - Discussion Papers 048, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Anna Kruglova & Yulia Ushakova, 2017. "Effect of Banking Sector Resolution on Competition and Stability," Bank of Russia Working Paper Series wps22, Bank of Russia.
• Filippo Ferroni & Stefano Grassi & Miguel A. León-Ledesma, 2017. "Selecting Primal Innovations in DSGE models," Working Paper Series WP-2017-20, Federal Reserve Bank of Chicago.
• Garth Baughman & Fumiko Hayashi & Mark D. Manuszak & Aaron Rosenbaum & Joanna Stavins & Kylie Stewart, 2017. "Faster payments: market structure and policy considerations," Current Policy Perspectives 17-4, Federal Reserve Bank of Boston.
• Marco Angrisani & Kevin Foster & Marcin Hitczenko, 2017. "The 2012 diary of consumer payment choice: technical appendix," Research Data Report 17-5, Federal Reserve Bank of Boston.
• Michele Piffer & Maximilian Podstawski, 2017. "Identifying Uncertainty Shocks Using the Price of Gold," CESifo Working Paper Series 6327, CESifo.
• Clymo, AJ, 2017. "Heterogeneous Firms, Wages, and the Effects of Financial Crises," Economics Discussion Papers 20572, University of Essex, Department of Economics.
• Bholat, David & Brookes, James & Cai, Chris & Grundy, Katy & Lund, Jakob, 2017. "Sending firm messages: text mining letters from PRA supervisors to banks and building societies they regulate," Bank of England working papers 688, Bank of England.
• Hegadekatti, Kartik & S G, Yatish & T J, Satish, 2016. "The SKY Model of Limited BlockChain in an App Ecosystem," MPRA Paper 82101, University Library of Munich, Germany, revised 08 Dec 2016.
• Hegadekatti, Kartik & S G, Yatish, 2016. "Examining Taxation of Fiat Money and Bitcoins Vis-A-Vis Regulated Cryptocurrencies," MPRA Paper 82073, University Library of Munich, Germany, revised 12 Oct 2016.
• Tjeerd M. Boonman & Jan P.A.M. Jacobs & Gerard H. Kuper & Alberto Romero, 2017. "Early Warning Systems for Currency Crises with Real-Time Data," CIRANO Working Papers 2017s-18, CIRANO.
• Leandro Magalhaes & Raül Santaeulàlia-Llopis, 2017. "The Consumption, Income, and Wealth of the Poorest: An Empirical Analysis of Economic Inequality in Rural and Urban Sub-Saharan Africa for Macroeconomists," Working Papers 1000, Barcelona School of Economics.
• Lukas Buchheim & Martin Watzinger, 2017. "The Employment Effects of Countercyclical Infrastructure Investments," CESifo Working Paper Series 6383, CESifo.
• Guglielmo Maria Caporale & Luis A. Gil-Alana, 2017. "Testing the Fisher Hypothesis in the G-7 Countries Using I(d) Techniques," CESifo Working Paper Series 6482, CESifo.
• Simon M. Potter, 2017. "Implementing monetary policy with the balance sheet: keynote remarks for ECB Workshop: Money Markets, Monetary Policy Implementation, and Central Bank Balance Sheets, Frankfurt am Main, Germany," Speech 259, Federal Reserve Bank of New York.
• Igor Goncharov & Vasso Ioannidou & Martin C. Schmalz, 2017. "(Why) Do Central Banks Care About Their Profits?," CESifo Working Paper Series 6546, CESifo.
• Schnabl, Gunther & Müller, Sebastian, 2017. "Zur Zukunft der Europäischen Union aus ordnungspolitischer Perspektive," Working Papers 150, University of Leipzig, Faculty of Economics and Management Science.
• Hartman-Glaser, Barney & Lustig, Hanno & Zhang, Mindy X., 2017. "Capital Share Dynamics When Firms Insure Workers," Research Papers 3534, Stanford University, Graduate School of Business.
• Francis Leni Anguyo & Rangan Gupta & Kevin Kotze, 2017. "Inflation Dynamics in Uganda: A Quantile Regression Approach," School of Economics Macroeconomic Discussion Paper Series 2017-07, School of Economics, University of Cape Town.
• Margarita Rubio, 2017. "Cross-country spillovers from macroprudential regulation: Reciprocity and leakage," Discussion Papers 2017/09, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
• Kisu Simwaka, 2016. "Macroeconomic Convergence in Southern Africa Development Community," Research Papers RP_325, African Economic Research Consortium.
• Benczur, Peter & Karagiannis, Stylianos & Kvedaras, Virmantas, 2017. "Finance and economic growth: financing structure and non-linear impact," Working Papers 2017-07, Joint Research Centre, European Commission.
• Pierre ALDAMA & Jérôme Creel, 2017. "Fiscal policy in the US : Ricardian after all ?," Documents de Travail de l'OFCE 2017-23, Observatoire Francais des Conjonctures Economiques (OFCE).
• F. J. Escribá-Pérez & M. J. Murgui-García & J. R. Ruiz-Tamarit, 2017. "Economic and Statistical Measurement of Physical Capital with an Application to the Spanish Economy," LIDAM Discussion Papers IRES 2017020, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Koen Breemersch & Jože P. Damijan & Jozef Konings, 2017. "Labour Market Polarization in Advanced Countries: Impact of Global Value Chains, Technology, Import Competition from China and Labour Market Institutions," OECD Social, Employment and Migration Working Papers 197, OECD Publishing.
• Mardi Dungey & Renée Fry-McKibbin & Verity Todoroski & Vladimir Volkov, 2017. "Recovery from Dutch Disease," CAMA Working Papers 2017-69, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Carolina Laureti & Ariane Szafarz, 2017. "Behavioral Banking: A Theory of the Banking Firm with Time-Inconsistent Depositors," Working Papers CEB 17-028, ULB -- Universite Libre de Bruxelles.
• Ksenia Yakovleva, 2017. "Text Mining-based Economic Activity Estimates," Bank of Russia Working Paper Series wps25, Bank of Russia.
• Asjad Naqvi & Engelbert Stockhammer, 2017. "Directed technological change in a post-Keynesian ecological macromodel," Working Papers PKWP1714, Post Keynesian Economics Society (PKES).
• Guschanski, Alexander & Stockhammer, Engelbert, 2017. "Are current accounts driven by competitiveness or asset prices? A synthetic model and an empirical test," Greenwich Papers in Political Economy 17935, University of Greenwich, Greenwich Political Economy Research Centre.
• Yoshiyasu Ono, 2017. "Country Size, Specialization Patterns and Secular Demand Stagnation," ISER Discussion Paper 1017, Institute of Social and Economic Research, Osaka University.
• Jean-Marc Bourgeon & Margot Hovsepian, 2017. "Green Technology Adoption and the Business Cycle," CESifo Working Paper Series 6485, CESifo.
• K. Peren Arin & Elias Braunfels & Gernot Doppelhofer, 2017. "Revisiting the growth effects of fiscal policy: A Bayesian model averaging approach," CAMA Working Papers 2017-68, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Sarah Guillou & Tania Treibich, 2017. "Firm export diversification and change in workforce composition," Documents de Travail de l'OFCE 2017-22, Observatoire Francais des Conjonctures Economiques (OFCE).
• Guillou, Sarah & Treibich, Tania, 2017. "Firm Export Diversification and Change in Workforce Composition," Research Memorandum 026, Maastricht University, Graduate School of Business and Economics (GSBE).
• Todd E Clark & Michael W McCracken & Elmar Mertens, 2017. "Modeling Time-Varying Uncertainty of Multiple-Horizon Forecast Errors," BIS Working Papers 667, Bank for International Settlements.
• Christopher F. Baum & Madhavi Pundit & Arief Ramayandi, 2017. "Capital Flows and Financial Stability in Emerging Economies," Boston College Working Papers in Economics 936, Boston College Department of Economics.
• Guillermo Le Fort Varela & Bastián Gallardo & Felipe Bustamante, 2017. "Estabilidad Macroeconómica y Crecimiento Económico: Mitos y Realidades," Working Papers wp456, University of Chile, Department of Economics.
• Ricardo Correa & Rochelle M. Edge & J. Nellie Liang, 2017. "A New Dataset of Macroprudential Policy Governance Structures," IFDP Notes 2017-11-07, Board of Governors of the Federal Reserve System (U.S.).
• Chad Fulton, 2017. "Mechanics of Linear Quadratic Gaussian Rational Inattention Tracking Problems," Finance and Economics Discussion Series 2017-109, Board of Governors of the Federal Reserve System (U.S.).