Report NEP-MAC-2018-01-15

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," Working Papers 17-15, Federal Reserve Bank of Boston.
• Huang, Anni & Kishor, N. Kundan, 2017. "The Rise of Dollar Credit in Emerging Market Economies and US Monetary Policy," MPRA Paper 83474, University Library of Munich, Germany.
• Olivier J. Blanchard & Lawrence H. Summers, 2017. "Rethinking Stabilization Policy: Evolution or Revolution?," NBER Working Papers 24179, National Bureau of Economic Research, Inc.
• Pincheira, Pablo & Hardy, Nicolas, 2018. "Forecasting Base Metal Prices with Commodity Currencies," MPRA Paper 83564, University Library of Munich, Germany.
• Kose, M. Ayhan & Claessens, Stijn, 2017. "Macroeconomic Implications of Financial Imperfections: A Survey," CEPR Discussion Papers 12461, C.E.P.R. Discussion Papers.
• Adam, Klaus & Weber, Henning, 2017. "Optimal trend inflation," CFS Working Paper Series 579, Center for Financial Studies (CFS).
• BEKIROS, Stelios D.; NILAVONGSE, Rachatar; UDDIN, Gazi S., 2017. "Mortgage Defaults, Expectation-Driven House Prices and Monetary Policy," Economics Working Papers ECO 2017/09, European University Institute.
• Sergio Cesaratto, 2017. "Bofinger and Ries versus Borio and Disyatat: macroeconomics after endogenous money. A brief note," Department of Economics University of Siena 763, Department of Economics, University of Siena.
• Cui, Wei, 2017. "Macroeconomic effects of delayed capital liquidation," LSE Research Online Documents on Economics 86156, London School of Economics and Political Science, LSE Library.
• Michelle L. Barnes & Giovanni P. Olivei, 2017. "Financial variables and macroeconomic forecast errors," Working Papers 17-17, Federal Reserve Bank of Boston.
• Kose, M. Ayhan & Claessens, Stijn, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CEPR Discussion Papers 12460, C.E.P.R. Discussion Papers.
• Gambetti, Luca & Korobilis, Dimitris & Tsoukalas, John D. & Zanetti, Francesco, 2017. "The effect of news shocks and monetary policy," LSE Research Online Documents on Economics 86145, London School of Economics and Political Science, LSE Library.
• Caverzasi, Eugenio & Botta, Alberto & Capelli, Clara, 2018. "The endogeneity of money and the securitizing system. Beyond shadow banking," Greenwich Papers in Political Economy 18527, University of Greenwich, Greenwich Political Economy Research Centre.
• Daniel Schaefer & Carl Singleton, 2017. "Real Wages and Hours in the Great Recession: Evidence from Firms and their Entry-Level Jobs," CESifo Working Paper Series 6766, CESifo.
• Scott L. Fulford & Scott Schuh, 2017. "Credit card utilization and consumption over the life cycle and business cycle," Working Papers 17-14, Federal Reserve Bank of Boston.
• Jean-Michel Grandmont, 2017. "Countercyclical Endogenous Uncertainty Shocks, Efficiency Wages and Procyclical Precautionary Labor Productivity," Working Papers 2017-12, Center for Research in Economics and Statistics.
• Taguchi, Hiroyuki & Wanasilp, Mesa, 2017. "Monetary policy rule and its performance under inflation targeting: the evidence of Thailand," MPRA Paper 83544, University Library of Munich, Germany.
• Bhattacharya. Rudrani, 2017. "Effectiveness of monetary policy in stabilising food inflation: Evidence from advanced and emerging economies," Working Papers 17/209, National Institute of Public Finance and Policy.
• COMUNALE Mariarosaria & STRIAUKAS Jonas, 2017. "Unconventional monetary olicy: interest rates and low inflation. A review of literature and methods," LIDAM Discussion Papers CORE 2017026, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
• Samuel Huber & Jaehong Kim, 2017. "An overlapping generations model for monetary policy analysis," ECON - Working Papers 272, Department of Economics - University of Zurich.
• Laurent Ferrara & Stéphane Lhuissier & Fabien Tripier, 2017. "Uncertainty Fluctuations: Measures, Effects and Macroeconomic Policy Challenges," CEPII Policy Brief 2017-20, CEPII research center.
• Friesenbichler, Klaus & Glocker, Christian, 2017. "Tradability and productivity growth differentials across EU member states," MPRA Paper 83382, University Library of Munich, Germany.
• Kurt Graden Lunsford & Kenneth D. West, 2017. "Some Evidence on Secular Drivers of US Safe Real Rates," Working Papers (Old Series) 1723, Federal Reserve Bank of Cleveland.
• Ellison, Martin & Scott, Andrew, 2017. "Managing the UK National Debt 1694-2017," LSE Research Online Documents on Economics 86148, London School of Economics and Political Science, LSE Library.
• KHELIFI, Atef, 2018. "How to deflate rigorously Economic Variables?," MPRA Paper 83565, University Library of Munich, Germany.
• gebregergis, Cherkos Meaza & Mekuria, Abis Getachew, 2016. "Do Prices Influence Economic Growth?," MPRA Paper 83231, University Library of Munich, Germany.
• Olena, Sokolovska, 2017. "Corporate tax incidence and its implications for the labor market," MPRA Paper 83401, University Library of Munich, Germany.
• Robert L. Hetzel, 2018. "The Evolution of U.S. Monetary Policy," Working Paper 18-1, Federal Reserve Bank of Richmond.
• Drechsel, Thomas & Tenreyro, Silvana, 2017. "Commodity booms and busts in emerging economies," LSE Research Online Documents on Economics 86152, London School of Economics and Political Science, LSE Library.
• Michael D. Bordo, 2017. "An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime," NBER Working Papers 24154, National Bureau of Economic Research, Inc.
• Aikaterini Karadimitropoulou, 2017. "Advanced economies and emerging markets: dissecting the drivers of business cycle synchronization," Working Papers 238, Bank of Greece.
• Miranda-Agrippino, Silvia, 2016. "Unsurprising shocks: information, Premia, and the Monetary Transmission," LSE Research Online Documents on Economics 86234, London School of Economics and Political Science, LSE Library.
• João Granja & Christian Leuz, 2017. "The Death of a Regulator: Strict Supervision, Bank Lending, and Business Activity," NBER Working Papers 24168, National Bureau of Economic Research, Inc.
• Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph Stiglitz & Tania Treibich, 2017. "Rational Heuristics ? Expectations and behaviours in evolving economies with heterogeneous interacting agents," Documents de Travail de l'OFCE 2017-32, Observatoire Francais des Conjonctures Economiques (OFCE).
• Sapre, Amey & Sengupta, Rajeswari, 2017. "An analysis of revisions in Indian GDP data," Working Papers 17/213, National Institute of Public Finance and Policy.
• Nogues-Marco, Pilar & Herranz-Loncán, Alfonso & Aslanidis, Nektarios, 2017. "The making of a national currency. Spatial transaction costs and money market integration in Spain (1825-1874)," CEPR Discussion Papers 12453, C.E.P.R. Discussion Papers.
• Fève, Patrick & Garcia, Pablo & Sahuc, Jean-Guillaume, 2017. "State-dependent risk taking and the transmission of monetary policy shocks," TSE Working Papers 17-872, Toulouse School of Economics (TSE).
• Christopher J. Ruhm, 2018. "Deaths of Despair or Drug Problems?," NBER Working Papers 24188, National Bureau of Economic Research, Inc.
• Emanuela Cardia & Paul Gomme, 2017. "Market Work, Housework and Childcare: A Time Use Approach," Working Papers 15007, Concordia University, Department of Economics.
• Thomas Keating & Marco Macchiavelli, 2017. "Interest on Reserves and Arbitrage in Post-Crisis Money Markets," Finance and Economics Discussion Series 2017-124, Board of Governors of the Federal Reserve System (U.S.).
• Corsetti, Giancarlo & Kuester, Keith & Müller, Gernot J., 2017. "Fixed on flexible rethink exchange rate regimes after the Great Recession," LSE Research Online Documents on Economics 86154, London School of Economics and Political Science, LSE Library.
• Hans M. Amman & Marco P. Tucci, 2017. "The DUAL Approach in an Infinite Horizon Model," Department of Economics University of Siena 766, Department of Economics, University of Siena.
• Alain Kabundi & Eric Schaling & Modeste Some, 2016. "Estimating a TimeVarying Phillips Curve for South Africa," Working Papers 7277, South African Reserve Bank.
• Mehmet Balcilar & Zeynel Abidin Ozdemir, 2018. "The volatility effect on precious metals prices in a stochastic volatility in mean model with time-varying parameters," Working Papers 15-34, Eastern Mediterranean University, Department of Economics.
• Huang, Anni & Kishor, N. Kundan, 2017. "Corporate Overseas Debt Issuance in the Context of Global Liquidity Transmission," MPRA Paper 83476, University Library of Munich, Germany.
• Guglielmo Forges Davanzati & Nicolò Giangrande, 2018. "The theoretical basis of the CGIL's analysis of the Italian economic decline," Working Papers PKWP1801, Post Keynesian Economics Society (PKES).
• Jiménez Polanco, Miguel Alejandro & López Hawa, Nabil, 2017. "Explicando la brecha entre el salario real y la productividad laboral en la República Dominicana: Análisis macroeconómico y recomendaciones de políticas basadas en microsimulaciones [Explaining the," MPRA Paper 83441, University Library of Munich, Germany.
• Guillaume A. Khayat, 2017. "The Corridor's Width as a Monetary Policy Tool," Working Papers halshs-01611650, HAL.
• Michele Cavallo & Anthony Landry, 2018. "Capital-Goods Imports and US Growth," Staff Working Papers 18-1, Bank of Canada.
• Byron Botha & Shaun de Jager & Franz Ruch & Rudi Steinbach, 2017. "The Quarterly Projection Model of the SARB," Working Papers 8000, South African Reserve Bank.
• Alberto Cardaci & Francesco Saraceno, 2017. "Inequality and Imbalances : a Monetary Union Agent-Based Model," Documents de Travail de l'OFCE 2017-30, Observatoire Francais des Conjonctures Economiques (OFCE).
• Lefteris Tsoulfidis & Aris Papageorgiou, 2017. "The Recurrence of Long Cycles: Theories, Stylized Facts and Figures," Discussion Paper Series 2017_09, Department of Economics, University of Macedonia, revised Sep 2017.
• Taylor, Alan M. & Knoll, Katharina & , & Schularick, Moritz & Jordà , Ã’scar, 2017. "The Rate of Return on Everything, 1870-2015," CEPR Discussion Papers 12509, C.E.P.R. Discussion Papers.
• Johannes Fedderke & Daniel Mengisteab, 2016. "Estimating South Africas output gap and potential growth rate," Working Papers 7191, South African Reserve Bank.
• Li, Li & Mak, Eric & Pivovarova, Margarita, 2016. "Conspicuous Consumption and Within-Group Income Inequality," MPRA Paper 83338, University Library of Munich, Germany.
• Jan Janku & Jan Libich, 2018. "Ignorance isn’t bliss: Uninformed voters drive budget cycles," CAMA Working Papers 2018-02, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Michele Cavallo & Marco Del Negro & W. Scott Frame & Jamie Grasing & Benjamin A. Malin & Carlo Rosa, 2018. "Fiscal Implications of the Federal Reserve's Balance Sheet Normalization," Finance and Economics Discussion Series 2018-002, Board of Governors of the Federal Reserve System (U.S.).
• Chaoran Chen & Diego Restuccia & Raül Santaeulàlia-Llopis, 2017. "The Effects of Land Markets on Resource Allocation and Agricultural Productivity," Working Papers 1011, Barcelona School of Economics.
• LEFEBVRE Mathieu & PESTIEAU Pierre & PONTHIERE Gregory, 2017. "Premature mortality and poverty measurement in an OLG economy," LIDAM Discussion Papers CORE 2017016, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
• Michele Cavallo & Marco Del Negro & W. Scott Frame & Jamie Grasing & Benjamin A. Malin & Carlo Rosa, 2018. "Fiscal implications of the Federal Reserve's balance sheet normalization," Staff Reports 833, Federal Reserve Bank of New York.
• Pedro Bação & António Portugal Duarte, 2017. "Deflation in the Euro Zone: Overview and Empirical Analysis," CeBER Working Papers 2017-12, Centre for Business and Economics Research (CeBER), University of Coimbra.
• Robert L. Hetzel, 2018. "Allan Meltzer: How He Underestimated His Own Contribution to the Modern Concept of a Central Bank," Working Paper 18-2, Federal Reserve Bank of Richmond.
• Cecchetti, Stephen & Schoenholtz, Kermit L., 2017. "Regulatory Reform: A Scorecard," CEPR Discussion Papers 12465, C.E.P.R. Discussion Papers.
• Marco Causi & Andrea Baldini, 2018. "Determinants Of Loan And Bad Loan Dynamics: Evidence From Italy," Departmental Working Papers of Economics - University 'Roma Tre' o232, Department of Economics - University Roma Tre.
• Asongu, Simplice & Minkoua N., Jules, 2017. "Dynamic Openness and Finance in Africa," MPRA Paper 83220, University Library of Munich, Germany.
• George J. Bratsiotis, 2018. "Credit Risk, Excess Reserves and Monetary Policy: The Deposits," Centre for Growth and Business Cycle Research Discussion Paper Series 236, Economics, The University of Manchester.
• Muhammad, Ejaz, 2017. "The Simple Economics of Sudden Stops," MPRA Paper 83270, University Library of Munich, Germany, revised 2017.
• Mauro Caminati & Serena Sordi, 2017. "Demand-led growth with endogenous innovation," Department of Economics University of Siena 764, Department of Economics, University of Siena.
• Lee, Seohyun, 2017. "Three essays on uncertainty: real and financial effects of uncertainty shocks," MPRA Paper 83617, University Library of Munich, Germany.
• Born, Benjamin & Müller, Gernot & Schularick, Moritz & SedlÃ¡Ä ek, Petr, 2017. "The Costs of Economic Nationalism: Evidence from the Brexit Experiment," CEPR Discussion Papers 12454, C.E.P.R. Discussion Papers.
• Benjamin Born & Gernot Müller & Moritz Schularick & Petr Sedláček, 2017. "The Costs of Economic Nationalism: Evidence from the Brexit Experiment," CESifo Working Paper Series 6780, CESifo.
• Christian Gouriéroux & Alain Monfort & Jean-Paul Renne, 2017. "Identification and Estimation in Non-Fundamental Structural VARMA Models," Working Papers 2017-08, Center for Research in Economics and Statistics.
• Job Boerma & Loukas Karabarbounis, 2017. "Inferring Inequality with Home Production," NBER Working Papers 24166, National Bureau of Economic Research, Inc.
• Bahaj, Saleem A. & Foulis, Angus & Pinter, Gabor, 2017. "Home values and firm behaviour," LSE Research Online Documents on Economics 86151, London School of Economics and Political Science, LSE Library.
• Papaioannou, Elias & Algan, Yann & Guriev, Sergei & Passari, Evgenia, 2017. "The European Trust Crisis and the Rise of Populism," CEPR Discussion Papers 12444, C.E.P.R. Discussion Papers.
• Jonathan D. Fisher & David Johnson & Timothy Smeeding & Jeffrey P. Thompson, 2018. "Inequality in 3-D : Income, Consumption, and Wealth," Finance and Economics Discussion Series 2018-001, Board of Governors of the Federal Reserve System (U.S.).
• Chaikal Nuryakin & Faisal Rachman & Ashintya Damayati & Nia Kurnia & Moslem Afrizal, 2017. "ICT Capital Spending, ICT Sector, and Firm Productivity: Evidence from Indonesian Firm-Level Data," LPEM FEBUI Working Papers 201713, LPEM, Faculty of Economics and Business, University of Indonesia, revised Oct 2017.
• Knut Are Aastveit & Andr K. Anundsen & Eyo I. Herstad, 2017. "Residential investment and recession predictability," Working Papers No 8/2017, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
• Stockhammer, Engelbert & Wildauer, Rafael, 2017. "Expenditure Cascades, Low Interest Rates or Property Booms? Determinants of Household Debt in OECD countries," Greenwich Papers in Political Economy 18276, University of Greenwich, Greenwich Political Economy Research Centre.
• Anna M. Stansbury & Lawrence H. Summers, 2017. "Productivity and Pay: Is the link broken?," NBER Working Papers 24165, National Bureau of Economic Research, Inc.
• Jakhongir Kakhkharov, 2017. "Remittances and household investment in entrepreneurship: The case of Uzbekistan," Discussion Papers in Finance finance:201703, Griffith University, Department of Accounting, Finance and Economics.
• Kishor, N. Kundan, 2017. "Understanding the Relationship between Public and Private Commercial Real Estate Markets," MPRA Paper 83475, University Library of Munich, Germany.
• Comin, Diego & Lashkari, Danial & Mestieri, Martí, 2017. "Structural Change with Long-run Income and Price Effects," CEPR Discussion Papers 12458, C.E.P.R. Discussion Papers.
• Oana Peia, 2017. "Banking Crises and Investments in Innovation," Working Papers 201727, School of Economics, University College Dublin.
• L. (Lisa B.) Ryan & Karen Turner & Nina Campbell, 2017. "Energy Efficiency and Economy-wide Rebound: Realising a Net Gain to Society?," Working Papers 201726, School of Economics, University College Dublin.
• Dhaniel Ilyas, 2017. "Preliminary Finding of Small and Micro Firms Resilience in Indonesia," LPEM FEBUI Working Papers 201715, LPEM, Faculty of Economics and Business, University of Indonesia, revised Dec 2017.
• Sven R Larson, 2017. "Redistribution and Economic Decline," Working papers Conference proceedings The Future of Ethics, Education and Research, October 16-17, 2017 07, Research Association for Interdisciplinary Studies.
• Goda, Thomas & Onaran, Özlem & Stockhammer, Engelbert, 2016. "Income inequality and wealth concentration in the recent crisis," Greenwich Papers in Political Economy 14690, University of Greenwich, Greenwich Political Economy Research Centre.
• Adolfo Barajas & Sergio Restrepo & Roberto Steiner & Juan Camilo Medellin & Cesar Pabon, 2017. "Currency Mismatches and Vulnerability to Exchange Rate Shocks: Nonfinancial Firms in Colombia," IMF Working Papers 17/263, International Monetary Fund.
• Alain Kabundi & Elmarie Nel & Franz Ruch, 2016. "Nowcasting Real GDP growth in South Africa," Working Papers 7068, South African Reserve Bank.
• Mankiw, N Gregory, 2017. "Friedman’s Presidential Address in the Evolution of Macroeconomic Thought," CEPR Discussion Papers 12442, C.E.P.R. Discussion Papers.
• Valentina V. Tarasova & Vasily E. Tarasov, 2017. "Accelerators in macroeconomics: Comparison of discrete and continuous approaches," Papers 1712.09605, arXiv.org.
• Wagner, Wolf & Lambert, Thomas & ,, 2017. "Winning Connections? Special Interests and the Sale of Failed Banks," CEPR Discussion Papers 12440, C.E.P.R. Discussion Papers.
• Pablo Guerron-Quintana & Jesus Fernandez-Villaverde & Thorsten Drautzburg, 2017. "Political Distribution Risk and Business Cycles," 2017 Meeting Papers 1201, Society for Economic Dynamics.
• Johannes Fedderke & Yang Liu, 2016. "Inflation in South Africa An Assessment of Alternative Inflation Models," Working Papers 7275, South African Reserve Bank.
• Mehmet Balcilar & Zeynel Abidin Ozdemir & Muhammad Shahbaz, 2018. "On the time-varying links between oil and gold: New insights from the rolling and recursive rolling approaches," Working Papers 15-35, Eastern Mediterranean University, Department of Economics.
• Grechyna, Daryna, 2017. "Firm Size, Bank Size, and Financial Development," MPRA Paper 83196, University Library of Munich, Germany.
• Akcigit, Ufuk & Acemoglu, Daron & Bloom, Nicholas & Alp, Harun & Kerr, William, 2017. "Innovation, Reallocation, and Growth," CEPR Discussion Papers 12449, C.E.P.R. Discussion Papers.
• Michele Cavallo & Marco Del Negro & W. Scott Frame & Jamie Grasing & Benjamin A. Malin & Carlo Rosa, 2018. "Fiscal Implications of the Federal Reserve’s Balance Sheet Normalization," FEDS Notes 2017-01-09, Board of Governors of the Federal Reserve System (U.S.).
• Dombou T., Dany R. & Tanga T., Achille & Tchoffo, Rodrigue & Kouladoum, Jean-Claude & Tchakounté, Josephine & Djekonbe, Djimoudjiel & Vasegmi, Carole, 2017. "Colonial coinage and financial development," MPRA Paper 83331, University Library of Munich, Germany.