Report NEP-MAC-2017-11-26

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:

• Alexander Doser & Ricardo Nunes & Nikhil Rao & Viacheslav Sheremirov, 2017. "Inflation expectations and nonlinearities in the Phillips curve," Working Papers 17-11, Federal Reserve Bank of Boston.
• María Jose Luengo-Prado & Nikhil Rao & Viacheslav Sheremirov, 2017. "Sectoral inflation and the Phillips curve: what has changed since the Great Recession?," Current Policy Perspectives 17-5, Federal Reserve Bank of Boston.
• Sigríður Benediktsdóttir & Gauti B. Eggertsson & Eggert Þórarinsson, 2017. "The Rise, the Fall, and the Resurrection of Iceland," NBER Working Papers 24005, National Bureau of Economic Research, Inc.
• Paul Hubert, 2017. "Central Bank Information and the effects of Monetary shocks," Documents de Travail de l'OFCE 2017-19, Observatoire Francais des Conjonctures Economiques (OFCE).
• Sharon Kozicki & Jill Vardy, 2017. "Communicating Uncertainty in Monetary Policy," Discussion Papers 17-14, Bank of Canada.
• Rhys R. Mendes & Stephen Murchison & Carolyn A. Wilkins, 2017. "Monetary Policy Under Uncertainty: Practice Versus Theory," Discussion Papers 17-13, Bank of Canada.
• Olivier J Blanchard, 2017. "Should We Reject the Natural Rate Hypothesis?," Working Paper Series WP17-14, Peterson Institute for International Economics.
• Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2017. "Inequality, Redistributive Policies and multipliers dynamics in an agent based model with Credit rationing," Documents de Travail de l'OFCE 2017-06, Observatoire Francais des Conjonctures Economiques (OFCE).
• Jonathan Benchimol & André Fourçans, 2017. "Monetary Rule, Central Bank Loss and Household’s Welfare: an Empirical Investigation," Globalization Institute Working Papers 329, Federal Reserve Bank of Dallas.
• Knut Are Aastveit & André K. Anundsen & Eyo I. Herstad, 2017. "Residential investment and recession predictability," Working Paper 2017/24, Norges Bank.
• Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2017. "Eurozone bond market dynamics, ECB monetary policy and financial stress," Documents de Travail de l'OFCE 2017-18, Observatoire Francais des Conjonctures Economiques (OFCE).
• Lars E.O. Svensson, 2017. "What Rule for the Federal Reserve? Forecast Targeting," NBER Working Papers 23993, National Bureau of Economic Research, Inc.
• Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2017. "The mortgage rate conundrum," Staff Reports 829, Federal Reserve Bank of New York.
• Caroleo, Floro Ernesto & Pastore, Francesco, 2017. "Investing in human capital to boost growth!," GLO Discussion Paper Series 144, Global Labor Organization (GLO).
• Mykola Babiak, 2017. "Generalized Disappointment Aversion, Learning, and Asset Prices," CERGE-EI Working Papers wp606, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Ehnts, Dirk & Barbaroux, Nicolas, 2017. "From Wicksell to Le Bourva to Modern Monetary Theory: A Wicksell connection," IPE Working Papers 92/2017, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Anindya Banerjee & Victor Bystrov & Paul Mizen, 2017. "Structural Factor Analysis of Interest Rate Pass Through In Four Large Euro Area Economies," Working Papers in Economics 17/07, University of Canterbury, Department of Economics and Finance.
• Reinhard Neck & Sohbet Karbuz, 2017. "Dynamic Optimization under Uncertainty: A Case Study for Austrian Macroeconomic Policies," Proceedings of International Academic Conferences 5808250, International Institute of Social and Economic Sciences.
• Chi-Young Choi & Alexander Chudik, 2017. "Geographic Inequality of Economic Well-being among U.S. Cities: Evidence from Micro Panel Data," Globalization Institute Working Papers 330, Federal Reserve Bank of Dallas.
• Giovanni Dosi & Marcelo C. Pereira & Andrea Roventini & Maria Enrica Virgillito, 2017. "Causes and consequences of hysteresis : aggregate demand, productivity and employment," Documents de Travail de l'OFCE 2017-07, Observatoire Francais des Conjonctures Economiques (OFCE).
• David Rezza Baqaee & Emmanuel Farhi, 2017. "Productivity and Misallocation in General Equilibrium," NBER Working Papers 24007, National Bureau of Economic Research, Inc.
• Mike Anson & David Bholat & Miao Kang & Ryland Thomas, 2017. "The Bank of England as Lender of Last Resort: New historical evidence from daily transactional data," Working Papers 0117, European Historical Economics Society (EHES).
• Liutang Gong & Chan Wang & Heng-fu Zou, 2016. "Optimal monetary policy with international trade in intermediate inputs," CEMA Working Papers 604, China Economics and Management Academy, Central University of Finance and Economics.
• Saloua Chaouche & Rachid Toumache, 2017. "Construction of a New Keynesian DSGE Model ( Algeria's Monetary policy approach)," Proceedings of International Academic Conferences 5808143, International Institute of Social and Economic Sciences.
• Hutter, Christian & Weber, Enzo, 2017. "The effects of skill-biased technical change on productivity flattening and hours worked," IAB-Discussion Paper 201732, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
• Kulesza, Marta, 2017. "Inflation and hyperinflation in Venezuela (1970s-2016): A post-Keynesian interpretation," IPE Working Papers 93/2017, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Michael T. Belongia & Peter N. Ireland, 2017. "The Demand for Divisia Money: Theory and Evidence," Boston College Working Papers in Economics 937, Boston College Department of Economics.
• Riccardo Trezzi & Luca Dedola & Giancarlo Corsetti, 2017. "Internal Devaluation and Macroeconomic Adjustment: Lessons from the Great Recession in the US," 2017 Meeting Papers 1096, Society for Economic Dynamics.
• Gräb, Johannes & Żochowski, Dawid, 2017. "The international bank lending channel of unconventional monetary policy," Working Paper Series 2109, European Central Bank.
• Vincent Sterk & Morten Ravn, 2017. "Macroeconomic Fluctuations with HANK & SAM: an Analytical Approach," 2017 Meeting Papers 1067, Society for Economic Dynamics.
• Snezana Eminidou & Marios Zachariadis & Elena Andreou, 2017. "Inflation Expectations and Monetary Policy Surprises," 2017 Meeting Papers 919, Society for Economic Dynamics.
• Yuto Iwasaki & Nao Sudo, 2017. "Myths and Observations on Unconventional Monetary Policy -- Takeaways from Post-Bubble Japan --," Bank of Japan Working Paper Series 17-E-11, Bank of Japan.
• Baldo, Luca & Hallinger, Benoît & Helmus, Caspar & Herrala, Niko & Martins, Débora & Mohing, Felix & Petroulakis, Filippos & Resinek, Marc & Vergote, Olivier & Usciati, Benoît & Wang, Yizhou, 2017. "The distribution of excess liquidity in the euro area," Occasional Paper Series 200, European Central Bank.
• Matteo Barigozzi & Matteo Luciani, 2017. "Common Factors, Trends, and Cycles in Large Datasets," Finance and Economics Discussion Series 2017-111, Board of Governors of the Federal Reserve System (U.S.).
• Liutang Gong & Chan Wang & Fuyang Zhao & Heng-fu Zou, 2017. "Land-price dynamics and macroeconomic fluctuations with nonseparable preferences," CEMA Working Papers 605, China Economics and Management Academy, Central University of Finance and Economics.
• Abdelaaziz Aït Ali & Yassine Msadfa, 2017. "Manufacturing Employment Elasticity and Its Drivers in Developing and Emerging Countries : Focus on Sub-Saharan Africa," Research papers & Policy papers 1709, Policy Center for the New South.
• Jim Fischer, 2017. "Is consumption tax regressive? A libertarian perspective," Proceedings of International Academic Conferences 5808138, International Institute of Social and Economic Sciences.
• Tahiri, Noor Rahman, 2017. "Comparative Analysis of Afghanistan and Pakistan Central Banks Monetary Policy," MPRA Paper 82653, University Library of Munich, Germany, revised 05 Nov 2017.
• Silvia Miranda-Agrippino & Giovanni Ricco, 2017. "The transmission of monetary policy shocks," Documents de Travail de l'OFCE 2017-15, Observatoire Francais des Conjonctures Economiques (OFCE).
• Vasilios Plakandaras & Rangan Gupta & Mark E. Wohar, 2017. "An Assessment of UK Macroeconomic Volatility: Historical Evidence Using Over Seven Centuries of Data," Working Papers 201779, University of Pretoria, Department of Economics.
• Mauro Caselli & Stefano Schiavo & Lionel Nesta, 2017. "Markups and markdowns," Documents de Travail de l'OFCE 2017-11, Observatoire Francais des Conjonctures Economiques (OFCE).
• Michael Bordo & Eric Monnet & Alain Naef, 2017. "The Gold Pool (1961-1968) and the Fall of the Bretton Woods System. Lessons for Central Bank Cooperation," NBER Working Papers 24016, National Bureau of Economic Research, Inc.
• Cinzia Alcidi & Mathias Dolls & Clemens Fuest & Carla Krolage & Florian Neumeier, 2017. "The Nature of Shocks in the Eurozone and Their Absorption Channels," EconPol Policy Reports 3, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
• Barr, Nicholas & Diamond, Peter, 2017. "Designing a default structure: submission to the Inquiry into Superannuation: assessing efficiency and competitiveness," LSE Research Online Documents on Economics 84391, London School of Economics and Political Science, LSE Library.
• Paulo Bastos & Natália P. Monteiro & Odd Rune Straume, 2017. "Foreign acquisition and internal organization," GEE Papers 0085, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Nov 2017.
• David Rezza Baqaee & Emmanuel Farhi, 2017. "The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten’s Theorem," Discussion Papers 1734, Centre for Macroeconomics (CFM).
• Gindrute Kasnauskiene & Karol Michnevich, 2017. "Contribution of increased life expectancy to economic growth: evidence from CEE countries," Proceedings of International Academic Conferences 5807776, International Institute of Social and Economic Sciences.
• Nuno Palma, 2017. "Harbingers Of Modernity: Monetary Injections And European Economic Growth, 1492-1790," Working Papers 0116, European Historical Economics Society (EHES).
• Eric Rosengren, 2017. "Following a balanced approach: remarks at The Economic Policy Forum Fall 2017, Department of Economics, Northeastern University, Boston, Massachusetts, November 15, 2017," Speech 124, Federal Reserve Bank of Boston.
• Céline Antonin & Vincent Touzé, 2017. "Capital taxation : principles, properties and optimal taxation issues," Documents de Travail de l'OFCE 2017-08, Observatoire Francais des Conjonctures Economiques (OFCE).
• Bryan Stuart, 2017. "The Long-Run Effects of Recessions on Education and Income," Working Papers 2017-25, The George Washington University, Institute for International Economic Policy.
• Xavier Ragot & Francois Le Grand, 2017. "Optimal Fiscal Policy with Heterogeneous Agents and Aggregate Shocks," 2017 Meeting Papers 969, Society for Economic Dynamics.
• Florian Huber & Gregor Kastner & Martin Feldkircher, 2016. "Should I stay or should I go? A latent threshold approach to large-scale mixture innovation models," Papers 1607.04532, arXiv.org, revised Jul 2018.
• John C. Williams, 2017. "When the United States Sneezes…," Speech 184, Federal Reserve Bank of San Francisco.
• Rose Cunningham & Christian Friedrich & Kristina Hess & Min Jae Kim, 2017. "Understanding the Time Variation in Exchange Rate Pass-Through to Import Prices," Discussion Papers 17-12, Bank of Canada.
• José Ignacio Conde-Ruiz & Manuel Díaz Mendoza & Carmen Marín & Juan Rubio-Ramírez, 2017. "Observatorio Fiscal y Financiero de las CC.AA," Studies on the Spanish Economy eee2017-27, FEDEA.
• Hamidi Sahneh, Mehdi, 2017. "News, Noise, and Tests of Present Value Models," MPRA Paper 82715, University Library of Munich, Germany.
• Patrick T. Harker, 2017. "What to Expect When You’re Expecting to Normalize Monetary Policy," Speech 144, Federal Reserve Bank of Philadelphia.
• John Ameriks & Joseph S. Briggs & Andrew Caplin & Minjoon Lee & Matthew D. Shapiro & Christopher Tonetti, 2017. "Older Americans Would Work Longer If Jobs Were Flexible," NBER Working Papers 24008, National Bureau of Economic Research, Inc.
• Dovern, Jonas, 2017. "Recessions and Instable Estimates of Potential Output," Working Papers 0639, University of Heidelberg, Department of Economics.
• Edward L. Glaeser & Hyunjin Kim & Michael Luca, 2017. "Nowcasting the Local Economy: Using Yelp Data to Measure Economic Activity," NBER Working Papers 24010, National Bureau of Economic Research, Inc.
• Michèle Müller-Itten & Aniko Ory, 2017. "Mentoring and the Dynamics of Affirmative Action," Cowles Foundation Discussion Papers 3012, Cowles Foundation for Research in Economics, Yale University.
• Ariel Burstein, 2017. "The Aggregate Implications of Innovative Investment in the Garcia-Macia, Hsieh, and Klenow Model," 2017 Meeting Papers 917, Society for Economic Dynamics.
• J. Scott Davis & Andrei Zlate, 2017. "Monetary Policy Divergence, Net Capital Flows, and Exchange Rates: Accounting for Endogenous Policy Responses," Globalization Institute Working Papers 328, Federal Reserve Bank of Dallas.
• Qichun He & Heng-fu Zou, 2016. "Does inflation cause growth in the reform-era China? Theory and evidence," CEMA Working Papers 601, China Economics and Management Academy, Central University of Finance and Economics.
• Angel De la Fuente, 2017. "Series enlazadas de algunos agregados economicos regionales, 1955-2014," Working Papers 17/22, BBVA Bank, Economic Research Department.
• N. Gregory Mankiw & Ricardo Reis, 2017. "Friedman’s Presidential Address in the Evolution of Macroeconomic Thought," Discussion Papers 1732, Centre for Macroeconomics (CFM).
• Naba Kumar Adak, 2017. "Banks Cannot Either Multiply or Increase the Amount of Money or Create Deposits Without Backing of Matching Reserve; Only Central Bank Creates Money," Proceedings of International Academic Conferences 5808261, International Institute of Social and Economic Sciences.
• Nitya Pandalai Nayar & Andrei Levchenko, 2017. "TFP, News and "Sentiments:" The International Transmission of Business Cycles," 2017 Meeting Papers 1076, Society for Economic Dynamics.
• Bjoern Bruegemann, 2017. "Privately Efficient Wage Rigidity Under Diminishing Returns," 2017 Meeting Papers 978, Society for Economic Dynamics.
• Liutang Gong & Chan Wang & Heng-fu Zou, 2017. "Optimal Exchange-Rate Policy in a Model of Local-Currency Pricing with Vertical Production and Trade," CEMA Working Papers 603, China Economics and Management Academy, Central University of Finance and Economics.
• Goodhart, Charles & Lastra, Rosa, 2017. "Populism and central bank independence," LSE Research Online Documents on Economics 83164, London School of Economics and Political Science, LSE Library.
• Frédéric Reynès, 2017. "The Cobb-Douglas function as a flexible function. Analysing the substitution between capital, labor and energy," Documents de Travail de l'OFCE 2017-12, Observatoire Francais des Conjonctures Economiques (OFCE).
• Fernando Rugitsky, 2017. "The rise and fall of the Brazilian economy (2004-2015): the economic antimiracle," Working Papers, Department of Economics 2017_29, University of São Paulo (FEA-USP).
• Ebaidalla Mahjoub Ebaidalla, 2017. "Determinants and Macroeconomic Impact of Parallel Market For Foreign Exchange in Sudan," Working Papers 1155, Economic Research Forum, revised 11 2017.
• Aaberge, Rolf & Bourguignon, François & Brandolini, Andrea & Ferreira, Francisco H. G. & Gornick, Janet C. & Hills, John & Jäntti, Markus & Jenkins, Stephen P. & Micklewright, John & Marlier, Eric & N, 2017. "Tony Atkinson and his legacy," LSE Research Online Documents on Economics 83658, London School of Economics and Political Science, LSE Library.
• Marie Hoerova & Harald Uhlig & Fiorella De Fiore, 2017. "The Macroeconomic Impact of Money Market Freezes," 2017 Meeting Papers 1092, Society for Economic Dynamics.