Report NEP-MAC-2017-12-11

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:

• Marco Bernardini & Selien De Schryder & Gert Peersman, 2017. "Heterogeneous Government Spending Multipliers In The Era Surrounding The Great Recession," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/941, Ghent University, Faculty of Economics and Business Administration.
• Stijn Claessens & M. Ayhan Kose, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," Koç University-TUSIAD Economic Research Forum Working Papers 1718, Koc University-TUSIAD Economic Research Forum.
• Stijn Claessens & M Ayhan Kose, 2017. "Asset prices and macroeconomic outcomes: a survey," BIS Working Papers 676, Bank for International Settlements.
• Stijn Claessens & M Ayhan Kose, 2017. "Macroeconomic implications of financial imperfections: a survey," BIS Working Papers 677, Bank for International Settlements.
• Victor Pontines & Reza Y. Siregar, 2017. "Non-core liabilities and monetary policy transmission in Indonesia during the post-2007 global financial crisis," CAMA Working Papers 2017-78, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Qazi Haque, 2017. "Monetary Policy, Inflation Target and the Great Moderation: An Empirical Investigation," School of Economics and Public Policy Working Papers 2017-13, University of Adelaide, School of Economics and Public Policy.
• Aleksandar Vasilev, 2017. "A Real-Business-Cycle model with reciprocity in labor relations and a government sector," EERI Research Paper Series EERI RP 2017/09, Economics and Econometrics Research Institute (EERI), Brussels.
• Wix, Carlo, 2017. "The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity," SAFE Working Paper Series 189, Leibniz Institute for Financial Research SAFE.
• Mircea Epure & Irina Mihai & Camelia Minoiu & José-Luis Peydró, 2017. "Global Financial Cycle, Household Credit, and Macroprudential Policies," Working Papers 1006, Barcelona School of Economics.
• Edward Nelson, 2017. "The Continuing Validity of Monetary Policy Autonomy Under Floating Exchange Rates," Finance and Economics Discussion Series 2017-112, Board of Governors of the Federal Reserve System (U.S.).
• Hamza Bennani & Tobias Kranz & Matthias Neuenkirch, 2017. "Disagreement Between the FOMC and the Fed's Staff: New Insights Based on a Counterfactual Interest Rate," Research Papers in Economics 2017-10, University of Trier, Department of Economics.
• Efraín Araxue Ramírez & Nicolás Martínez Patiño, 2017. "El costo de uso del capital y la inversión en Colombia 2001-2016," Econógrafos, Escuela de Economía 15850, Universidad Nacional de Colombia, FCE, CID.
• Luigi Bonatti, 2016. "Anemic economic growth in advanced economies: structural factors and the impotence of expansionary macroeconomic policies," DEM Working Papers 2016/11, Department of Economics and Management.
• Boris Hofmann & Gert Peersman, 2017. "Monetary Policy Transmission And Trade-Offs In The United States: Old And New," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/940, Ghent University, Faculty of Economics and Business Administration.
• António Afonso & João Jalles, 2017. "Do Fiscal Rules Lower Government Financing Costs?," Working Papers REM 2017/15, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Xing, Victor, 2017. "Non-bank Financial Institutions at the Ground Zero of Next Crisis," MPRA Paper 83077, University Library of Munich, Germany.
• International Monetary Fund, 2017. "Zambia; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zambia," IMF Staff Country Reports 17/327, International Monetary Fund.
• Narayana R. Kocherlakota, 2017. "The L-Shaped Phillips Curve: Theoretical Justification and Empirical Implications," NBER Working Papers 24086, National Bureau of Economic Research, Inc.
• Simon Mongey, 2017. "Market Structure and Monetary Non-neutrality," Staff Report 558, Federal Reserve Bank of Minneapolis.
• Clemens C. Struck, 2017. "On the Interaction of Growth, Trade and International Macroeconomics," Working Papers 201724, School of Economics, University College Dublin.
• Walter Engert & Ben Fung, 2017. "Central Bank Digital Currency: Motivations and Implications," Discussion Papers 17-16, Bank of Canada.
• Eda Gülşen & Erdal Özmen, 2017. "Monetary Policy Trilemma, Inflation Targeting And Global Financial Crisis," ERC Working Papers 1714, ERC - Economic Research Center, Middle East Technical University, revised Nov 2017.
• Cars Hommes & Robert Calvert Jump & Paul Levine, 2017. "Internal Rationality, Heterogeneity, and Complexity in the New Keynesian Model," School of Economics Discussion Papers 0917, School of Economics, University of Surrey.
• Elena Mattana & Ettore Panetti, 2017. "The Welfare Costs of Self-Fulfilling Bank Runs," Working Papers REM 2017/17, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Malagón González, Jonathan, 2017. "Four essays on central banking in Latin America under balance of payments dominance," Other publications TiSEM fefd7d80-acd4-4abb-b152-7, Tilburg University, School of Economics and Management.
• International Monetary Fund, 2017. "Ghana; 2017 Article IV Consultation, Fourth Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of Performance Criteria, and Request for Extension and Rephasing," IMF Staff Country Reports 17/262, International Monetary Fund.
• Neda Popovska – Kamnar, 2017. "Monetary policy communication: Evidence from Survey Data," Working Papers 2017-07, National Bank of the Republic of North Macedonia.
• Blesse, Sebastian & Boyer, Pierre C. & Heinemann, Friedrich & Janeba, Eckhard & Raj, Anasuya, 2019. "European Monetary Union reform preferences of French and German parliamentarians," ZEW Discussion Papers 17-059, ZEW - Leibniz Centre for European Economic Research, revised 2019.
• Williams, Ronald, 2017. "Perfect Public Offering: A Process to Provide Perfect Ownership of Businesses to the Entire Public," MPRA Paper 83056, University Library of Munich, Germany, revised 01 Dec 2017.
• Christoph Bierbrauer, 2017. "National Fiscal Stimulus Packages And Consolidation Strategies In A Monetary Union," Working Papers 110, Institute of Empirical Economic Research, Osnabrueck University.
• Aviral Kumar Tiwari & Juncal Cunado & Rangan Gupta & Mark E. Wohar, 2017. "Volatility Spillovers across Global Asset Classes: Evidence from Time and Frequency Domains," Working Papers 201780, University of Pretoria, Department of Economics.
• Brinca, Pedro & Ferreira, Miguel & Franco, Francesco & Holter, Hans & Malafry, Laurence, 2017. "Fiscal Consolidation Programs and Income Inequality," Research Papers in Economics 2017:8, Stockholm University, Department of Economics.
• Anmol Bhandari & Ellen R. McGrattan, 2017. "Sweat Equity in U.S. Private Business," Staff Report 560, Federal Reserve Bank of Minneapolis.
• Angelini, Giovanni & Bacchiocchi, Emanuele & Caggiano, Giovanni & Fanelli, Luca, 2017. "Uncertainty across volatility regimes," Research Discussion Papers 35/2017, Bank of Finland.
• M Hashem Pesaran & Ron P Smith, 2017. "Tests of Policy Interventions in DSGE Models," BCAM Working Papers 1706, Birkbeck Centre for Applied Macroeconomics.
• Kyungmin Kim, 2017. "Identification of Monetary Policy Shocks with External Instrument SVAR," Finance and Economics Discussion Series 2017-113, Board of Governors of the Federal Reserve System (U.S.).
• Ko Miura & Masato Higashi, 2017. "The Recent Increase in Dual-Income Households and Its Impact on Consumption Expenditure," Bank of Japan Review Series 17-E-7, Bank of Japan.
• International Monetary Fund, 2017. "The Bahamas; 2017 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 17/314, International Monetary Fund.
• Carlo Cristiano & Paolo Paesani, 2017. "Price Stability and the Origins and Early Impact of the Phillips Curve: Contextual Analysis and New Evidence from the British Archives," STOREPapers 2_2017, Associazione Italiana per la Storia dell'Economia Politica - StorEP.
• Matteo Fragetta & Roberto Tamborini, 2017. "It’s not austerity. Or is it? Assessing the effect of austerity on growth in Europe, 2010-15," DEM Working Papers 2017/10, Department of Economics and Management.
• Pasche, Markus, 2017. "ESBies as a Basis for a TARGET2 Settlement Mechanism," MPRA Paper 83012, University Library of Munich, Germany.
• Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani, 2017. "Trend Inflation and Evolving Inflation Dynamics: A Bayesian GMM Analysis of the Generalized New Keynesian Phillips Curve," IMES Discussion Paper Series 17-E-10, Institute for Monetary and Economic Studies, Bank of Japan.
• Zouhair Aït Benhamou, 2017. "Microfoundations of the New Keynesian Phillips Curve in an Open Emerging Economy," EconomiX Working Papers 2017-49, University of Paris Nanterre, EconomiX.
• Alexander Murray, 2017. "What Explains the Post-2004 U.S.Productivity Slowdown?," CSLS Research Reports 2017-05, Centre for the Study of Living Standards.
• International Monetary Fund, 2017. "Kingdom of Swaziland; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Swaziland," IMF Staff Country Reports 17/274, International Monetary Fund.
• Fuad Mammadov & Adigozalov Shaig, 2017. "Are fiscal rules helpful in mitigating the impact of oil market fluctuations?," IHEID Working Papers 22-2017, Economics Section, The Graduate Institute of International Studies.
• F. Bec & R. Boucekkine & C. Jardet, 2017. "Why are inflation forecasts sticky? Theory and application to France and Germany," Working papers 650, Banque de France.
• Marco Bassetto & Wei Cui, 2017. "The Fiscal Theory of the Price Level in a World of Low Interest Rates," Working Paper Series WP-2017-25, Federal Reserve Bank of Chicago.
• Heyman, Fredrik & Norbäck, Pehr-Johan & Persson, Lars, 2017. "Who Creates Jobs and Who Creates Productivity? Small versus Large versus Young versus Old," Working Paper Series 1189, Research Institute of Industrial Economics.
• W. Arrata & B. Nguyen & I. Rahmouni-Rousseau & M. Vari, 2017. "Eurosystem’s asset purchases and money market rates," Working papers 652, Banque de France.
• Gabriel Mathy & Herman O. Stekler, 2017. "Was the Deflation of the Depression Anticipated? An Inference Using Real-time Data," Working Papers 2017-004, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
• FitzGerald, John & Kenny, Seán, 2017. "'Till Debt Do Us Part': Financial Implications of the Divorce of the Irish Free State from the UK, 1922-6," Lund Papers in Economic History 166, Lund University, Department of Economic History.
• Shahed Khan & Alok Johri & Cesar Sosa-Padilla, 2017. "Interest Rate Uncertainty and Sovereign Default Risk," 2017 Meeting Papers 1192, Society for Economic Dynamics.
• International Monetary Fund, 2017. "Dominican Republic; 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for the Dominican Republic," IMF Staff Country Reports 17/254, International Monetary Fund.
• Biondo, Alessio Emanuele, 2017. "Learning to forecast, risk aversion, and microstructural aspects of financial stability," Economics Discussion Papers 2017-104, Kiel Institute for the World Economy (IfW Kiel).
• John Fitzgerald & Se n Kenny, 2017. "Till Debt Do Us Part :Financial Implications of the Divorce of the Irish Free State from the UK, 1922-6," Trinity Economics Papers tep2117, Trinity College Dublin, Department of Economics.
• International Monetary Fund, 2017. "Brazil; Technical Assistance Report-Supporting Implementation of the Expenditure Rule Through Public Financial Management Reforms," IMF Staff Country Reports 17/292, International Monetary Fund.
• Don Drummond, Andrew Sharpe, Alexander Murray and Nicolas Mask, 2017. "The Contribution of Aboriginal People To Future Labour Force Growth In Canada," CSLS Research Reports 2017-07, Centre for the Study of Living Standards.
• Martha López, 2017. "Economic Sectors and the Risk-taking Channel of Monetary Policy," Borradores de Economia 1029, Banco de la Republica de Colombia.
• International Monetary Fund, 2017. "Morocco; Second Review Under the Arrangement Under the Precautionary and Liquidity Line(PLL)-Press Release; Staff Report; and Statement by the Executive Director for Morocco," IMF Staff Country Reports 17/264, International Monetary Fund.
• International Monetary Fund, 2017. "Islamic Republic of Mauritania; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Mauritania," IMF Staff Country Reports 17/324, International Monetary Fund.
• Daniela Marconi & Christian Upper, 2017. "Capital misallocation and financial development: A sector-level analysis," BIS Working Papers 671, Bank for International Settlements.
• International Monetary Fund, 2017. "Republic of Serbia; 2017 Article IV Consultation, Seventh Review Under the Stand-by Arrangement and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Dir," IMF Staff Country Reports 17/263, International Monetary Fund.
• Magdalena Petrovska & Gani Ramadani & Nikola Naumovski & Biljana Jovanovic, 2017. "Forecasting Macedonian Inflation: Evaluation of different models for short-term forecasting," Working Papers 2017-06, National Bank of the Republic of North Macedonia.
• Junjie Guo & Juan Carlos Escanciano & Jinho Choi, 2017. "Identification and Generalized Band Spectrum Estimation of the New Keynesian Phillips Curve," CAEPR Working Papers 2017-014, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
• Donadelli, Michael & Grüning, Patrick & Jüppner, Marcus & Kizys, Renatas, 2017. "Global temperature, R&D expenditure, and growth," SAFE Working Paper Series 188, Leibniz Institute for Financial Research SAFE.
• International Monetary Fund, 2017. "Saudi Arabia; 2017 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 17/316, International Monetary Fund.
• Vadym Volosovych & Carolina Villegas Sanchez & Bent Sorensen & Sebnem Kalemli-Ozcan, 2017. "Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects," 2017 Meeting Papers 1194, Society for Economic Dynamics.
• Lea Gimenez & María Ana Lugo & Sandra Martinez & Humberto Colman & Juan Jose Galeano & Gabriela Farfan, 2017. "Paraguay: Analisis del sistema fiscal y su impacto en la pobreza y la equidad," Commitment to Equity (CEQ) Working Paper Series 74, Tulane University, Department of Economics.
• International Monetary Fund, 2017. "Montenegro; 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro," IMF Staff Country Reports 17/276, International Monetary Fund.
• Afees A. Salisu & Kazeem Isah, 2017. "A Capital Flight-Growth Nexus in Sub-Saharan Africa: The Role of Macroeconomic Uncertainty," Working Papers 034, Centre for Econometric and Allied Research, University of Ibadan.
• James Uguccioni, Andrew Sharpe and Richard Beard, 2017. "The Human Development Index In Canada: Ranking the Provinces and Territories Internationally, 2000-2015: An Update," CSLS Research Reports 2017-06, Centre for the Study of Living Standards.
• Brand, Thomas & Isoré, Marlène & Tripier, Fabien, 2017. "Uncertainty Shocks and Firm Dynamics: Search and Monitoring in the Credit Market," CEPREMAP Working Papers (Docweb) 1707, CEPREMAP.
• Bulent Guler & Yavuz Arslan & Temel Taskin, 2016. "Price Search, Consumption Inequality, and Expenditure Inequality over the Life Cycle," CAEPR Working Papers 2017-015, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
• Weijie Luo, 2017. "Inequality and Growth in the 21st Century," Discussion Papers 17/18, Department of Economics, University of York.
• Prettner, Klaus & Strulik, Holger, 2017. "The lost race against the machine: Automation, education, and inequality in an R&D-based growth model," University of Göttingen Working Papers in Economics 329, University of Goettingen, Department of Economics.
• Heng Chen & Kim Huynh & Oz Shy, 2017. "Cash Versus Card: Payment Discontinuities and the Burden of Holding Coins," Staff Working Papers 17-47, Bank of Canada.
• Ho, Sin-Yu & Odhiambo, Nicholas, 2017. "The macroeconomic drivers of stock market development: Evidence from Hong Kong," Working Papers 23438, University of South Africa, Department of Economics.
• International Monetary Fund, 2017. "Sri Lanka; Second Review under the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Applicability and Nonobservance of Performance Criterion, and Request for Modification ," IMF Staff Country Reports 17/253, International Monetary Fund.
• International Monetary Fund, 2017. "Federated States of Micronesia; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia," IMF Staff Country Reports 17/280, International Monetary Fund.
• International Monetary Fund, 2017. "Montenegro; Technical Assistance Report-Macroprudential Policy Framework," IMF Staff Country Reports 17/322, International Monetary Fund.
• Bardt, Hubertus & Beznoska, Martin & Engels, Barbara & Geis, Wido & Henger, Ralph & Hentze, Tobias & Klös, Hans-Peter & Kochskämper, Susanna & Matthes, Jürgen & Pimpertz, Jochen & Plünnecke, Axel & Pu, 2017. ""Jamaika": Analyse und Bewertung der programmatischen Schnittmengen der möglichen neuen Bundesregierung," IW policy papers 20/2017, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• Eleonora Sanfilippo, 2017. "Keynes’s Trading on Wall Street: Did He Follow the Same Behavior When Investing for Himself and for King’s?," STOREPapers 4_2017, Associazione Italiana per la Storia dell'Economia Politica - StorEP.
• International Monetary Fund, 2017. "Belize; 2017 Article IV Consultation-Press Release; Staff Report; Informational Annex; Statement by the Executive Director for Belize," IMF Staff Country Reports 17/286, International Monetary Fund.
• International Monetary Fund, 2017. "Uganda; Technical Assistance Report-Report on the Quarterly National Accounts Statistics Mission," IMF Staff Country Reports 17/297, International Monetary Fund.
• António Afonso & João Jalles, 2017. "Fiscal Reaction Functions Across the World: A Battle of Statistical (In-) Significance," Working Papers REM 2017/16, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Richard Beard, 2017. "The Inclusion Of Natural Resource Wealth In The Index Of Economic Well-Being: Results For OECD Countries, 1980-2013," CSLS Research Reports 2017-04, Centre for the Study of Living Standards.
• International Monetary Fund, 2017. "Cambodia; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia," IMF Staff Country Reports 17/325, International Monetary Fund.
• Paul J.J. Welfens, 2017. "Techno-Globalisierung, Leitmärkte und Strukturwandel in wirtschaftspolitischer Sicht," EIIW Discussion paper disbei236, Universitätsbibliothek Wuppertal, University Library.
• International Monetary Fund, 2017. "Uganda; Technical Assistance Report-Improving GDP Forecasting," IMF Staff Country Reports 17/270, International Monetary Fund.
• Brantly Callaway, 2017. "Job Displacement during the Great Recession: Tight Bounds on Distributional Treatment Effect Parameters using Panel Data," DETU Working Papers 1703, Department of Economics, Temple University.
• Gros, Daniel, 2017. "One Market, One Money – A Mistaken Argument (post factum)?," CEPS Papers 12245, Centre for European Policy Studies.
• Heeringa, Willem, 2017. "Essays on pay-as-you-go pension schemes, demographics, fiscal policy, credit rationing and house prices," Other publications TiSEM da6000ea-c220-46e6-a78d-3, Tilburg University, School of Economics and Management.
• Warwick McKibbin & Adele Morris & Augustus J. Panton & Peter J. Wilcoxen, 2017. "Climate change and monetary policy: Dealing with disruption," CAMA Working Papers 2017-77, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ho, Sin-Yu & Odhiambo, Nicholas, 2017. "Analysing the macroeconomic drivers of stock Market development in the Philippines," Working Papers 23439, University of South Africa, Department of Economics.
• Ströbel, Johannes & Kuchler, Theresa & Dávila, Eduardo & Bailey, Michael, 2017. "House Price Beliefs And Mortgage Leverage Choice," CEPR Discussion Papers 12476, C.E.P.R. Discussion Papers.
• Luis Carlos Jemio & Lykke E. Andersen & Agnes Medinaceli, 2017. "Bolivia’s Green National Accounts through a Commodity Super Cycle," Development Research Working Paper Series 05/2017, Institute for Advanced Development Studies.
• International Monetary Fund, 2017. "Morocco; Ex-Post Evaluation of Exceptional Access Under the 2014 Precautionary and Liquidity Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Morocco," IMF Staff Country Reports 17/265, International Monetary Fund.
• International Monetary Fund, 2017. "Uganda; Technical Assistance Report-Drafting the Public Finance Management Regulations," IMF Staff Country Reports 17/267, International Monetary Fund.
• International Monetary Fund, 2017. "Luxembourg; Financial Sector Assessment Program: Technical Note-Macroprudential Framework And Policies," IMF Staff Country Reports 17/256, International Monetary Fund.
• Hjalmarsson, Erik & Österholm, Pär, 2017. "Households’ Mortgage-Rate Expectations: More Realistic than at First Glance?," Working Papers 2017:9, Örebro University, School of Business.
• Paul J.J. Welfens, 2017. "The True Cost of BREXIT for the UK: A Research Note," EIIW Discussion paper disbei234, Universitätsbibliothek Wuppertal, University Library.
• Enrique Llopis & Elvira Alonso & Paloma Fontanillo & Belén Hípola & Sara Méndez & Javier Ramos, 2017. "Welfare Levels of the Rural Population in Murcia, 1769-1895. Mortality and Demographic and Economic Instability," Documentos de Trabajo (DT-AEHE) 1708, Asociación Española de Historia Económica.
• Alexey Ponomarenko & Anna Rozhkova & Sergei Seleznev, 2017. "Macro-financial linkages: the role of liquidity dependence," Bank of Russia Working Paper Series wps24, Bank of Russia.
• Gene Amromin & Mariacristina De Nardi & Karl Schulze, 2017. "Household Inequality and the Consumption Response to Aggregate Real Shocks," NBER Working Papers 24073, National Bureau of Economic Research, Inc.
• Bruno Pellegrino & Luigi Zingales, 2017. "Diagnosing the Italian Disease," NBER Working Papers 23964, National Bureau of Economic Research, Inc.