Report NEP-MAC-2018-03-26

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:

• Michael Funke & Petar Mihaylovski & Adrian Wende, 2018. "Out of Sync Subnational Housing Markets and Macroprudential Policies," CESifo Working Paper Series 6887, CESifo.
• Sabaj, Ernil, 2018. "Cyclical Behavior of Fiscal Policy in the Western Balkans," MPRA Paper 84279, University Library of Munich, Germany.
• BLINOV, Sergey, 2018. "Количественное Смягчение По-Русски [Quantitative Easing, Russian Style]," MPRA Paper 85241, University Library of Munich, Germany.
• Zbigniew Polanski, "undated". "Stabilization Policies and Structural Developments: Poland and the Crises of 1929 and 2008," CASE Working Papers 0009, CASE-Center for Social and Economic Research.
• Dennis Bonam & Jakob de Haan & Duncan van Limbergen, 2018. "Time-varying wage Phillips curves in the euro area with a new measure for labor market slack," DNB Working Papers 587, Netherlands Central Bank, Research Department.
• Francesco D'Acunto & Daniel Hoang & Michael Weber & Michael Weber, 2018. "Unconventional Fiscal Policy," CESifo Working Paper Series 6862, CESifo.
• Dolado, Juan J & Motyovszki, Gergo & Pappa, Evi, 2018. "Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity," CEPR Discussion Papers 12734, C.E.P.R. Discussion Papers.
• Christoph Basten & Mike Mariathasan, 2018. "How Banks Respond to Negative Interest Rates: Evidence from the Swiss Exemption Threshold," CESifo Working Paper Series 6901, CESifo.
• Stefan Hohberger & Romanos Priftis & Lukas Vogel, 2018. "The Macroeconomic Effects of Quantitative Easing in the Euro Area: Evidence from an Estimated DSGE Model," Staff Working Papers 18-11, Bank of Canada.
• Shesadri Banerjee & Parantap Basu & Chetan Ghate & Pawan Gopalakrishnan & Sargam Gupta, 2018. "A Monetary Business Cycle Model for India," CEMAP Working Papers 2018_01, Durham University Business School.
• Honkapohja, Seppo & Mitra, Kaushik, 2018. "Price Level Targeting with Evolving Credibility," CEPR Discussion Papers 12739, C.E.P.R. Discussion Papers.
• Kasey Buckles & Daniel Hungerman & Steven Lugauer, 2018. "Is Fertility a Leading Economic Indicator?," NBER Working Papers 24355, National Bureau of Economic Research, Inc.
• Engelbert Stockhammer & Joel Rabinovich & Niall Reddy, 2018. "Distribution, wealth and demand regimes in historical perspective," FMM Working Paper 14-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Steven Fazzari & Piero Ferri & AnnaMaria Variato, 2018. "Demand-led growth and accommodating supply," FMM Working Paper 15-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Corsetti, G. & Dedola, L. & Leduc, S., 2018. "Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-offs," Cambridge Working Papers in Economics 1822, Faculty of Economics, University of Cambridge.
• Bosi, Stefano & Ha-Huy, Thai & Le Van, Cuong & Pham, Cao-Tung & Pham, Ngoc-Sang, 2018. "Financial bubbles and capital accumulation in altruistic economies," MPRA Paper 84429, University Library of Munich, Germany.
• Agata Szyma?ska, 2017. "Effects of Fiscal Policy Shocks on the Economy: Evidence from Selected CEE Countries," Proceedings of International Academic Conferences 5908263, International Institute of Social and Economic Sciences.
• Jeromin Zettelmeyer & Álvaro Leandro, 2018. "The Search for a Euro Area Safe Asset," Working Paper Series WP18-3, Peterson Institute for International Economics.
• Sabaj, Ernil & Kahveci, Mustafa, 2018. "Forecasting tax revenues in an emerging economy: The case of Albania," MPRA Paper 84404, University Library of Munich, Germany.
• Nikolay Iskrev, 2018. "Calibration and the estimation of macroeconomic models," Working Papers REM 2018/34, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• International Monetary Fund, 2018. "United Kingdom; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United Kingdom," IMF Staff Country Reports 18/42, International Monetary Fund.
• Cook, David & Devereux, Michael B., 2018. "Fiscal Policy in a Currency Union at the Zero Lower Bound," ADBI Working Papers 801, Asian Development Bank Institute.
• Spahn, Peter, 2018. "Unconventional views on inflation control: Forward guidance, the Neo-Fisherian approach, and the fiscal theory of the price level," Hohenheim Discussion Papers in Business, Economics and Social Sciences 02-2018, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
• Martin Ellison & Andreas Tischbirek, 2018. "Beauty Contests and the Term Structure," Discussion Papers 1807, Centre for Macroeconomics (CFM).
• Norberto Rodríguez-Niño & Alejandra Ramírez-Ramírez, 2018. "Metodologías semi-estructurales para estimar la Inflación básica mensual en Colombia," Borradores de Economia 1040, Banco de la Republica de Colombia.
• Levy, Daniel & Snir, Avichai, 2018. "Here Lives a Wealthy Man: Price Rigidity and Predictability in Luxury Housing Markets," EconStor Preprints 175843, ZBW - Leibniz Information Centre for Economics.
• Daniel Levy & Avichai Snir, 2018. "Here Lives a Wealthy Man: Price Rigidity and Predictability in Luxury Housing Markets," Working Paper series 18-16, Rimini Centre for Economic Analysis.
• Nikolay Iskrev, 2018. "Are asset price data informative about news shocks? A DSGE perspective," Working Papers REM 2018/33, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Nymand-Andersen, Per, 2018. "Yield curve modelling and a conceptual framework for estimating yield curves: evidence from the European Central Bank’s yield curves," Statistics Paper Series 27, European Central Bank.
• S. Béreau & V. Faubert & K. Schmidt, 2018. "Explaining and Forecasting Euro Area Inflation: the Role of Domestic and Global Factors," Working papers 663, Banque de France.
• Karlsson, Sune & Österholm, Pär, 2018. "A Note on the Stability of the Swedish Philips Curve," Working Papers 2018:6, Örebro University, School of Business.
• Peter Skott, 2018. "Challenges for post-Keynesian macroeconomics," UMASS Amherst Economics Working Papers 2018-03, University of Massachusetts Amherst, Department of Economics.
• Bernardino Adao & Andre C. Silva, 2017. "Sub-optimality of the Friedman rule with distorting taxes," Nova SBE Working Paper Series wp623, Universidade Nova de Lisboa, Nova School of Business and Economics.
• Dieppe, Alistair & Gilhooly, Robert & Han, Jenny & Korhonen, Iikka & Lodge, David, 2018. "The transition of China to sustainable growth – implications for the global economy and the euro area," Occasional Paper Series 206, European Central Bank.
• Belke, Ansgar & Klose, Jens, 2018. "Equilibrium real interest rates, secular stagnation, and the financial cycle: Empirical evidence for euro-area member countries," Ruhr Economic Papers 743, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Ludger Schuknecht & Holger Zemanek, 2018. "Social Dominance," CESifo Working Paper Series 6894, CESifo.
• Rünstler, Gerhard & Balfoussia, Hiona & Burlon, Lorenzo & Buss, Ginters & Comunale, Mariarosaria & De Backer, Bruno & Dewachter, Hans & Guarda, Paolo & Haavio, Markus & Hindrayanto, Irma & Iskrev, Nik, 2018. "Real and financial cycles in EU countries - Stylised facts and modelling implications," Occasional Paper Series 205, European Central Bank.
• J. Barthélemy & V. Bignon & B. Nguyen, 2018. "Monetary Policy and Collateral Constraints since the European Debt Crisis," Working papers 669, Banque de France.
• Punnoose Jacob & Martin Wong, 2018. "Estimating the NAIRU and the Natural Rate of Unemployment for New Zealand," Reserve Bank of New Zealand Analytical Notes series AN2018/04, Reserve Bank of New Zealand.
• Juraj Zeman, 2018. "Income distribution and economic growth; empirical results for Slovakia," Working and Discussion Papers WP 1/2018, Research Department, National Bank of Slovakia.
• Kolcunova, Dominika & Havranek, Tomas, 2018. "Estimating the Effective Lower Bound for the Czech National Bank's Policy Rate," EconStor Preprints 175753, ZBW - Leibniz Information Centre for Economics.
• International Monetary Fund, 2018. "Solomon Islands; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands," IMF Staff Country Reports 18/57, International Monetary Fund.
• Giorgio Nuzzo, 2017. "A critical review of the statistics on the size and riskiness of the securitization market: evidence from Italy and other euro-area countries," Questioni di Economia e Finanza (Occasional Papers) 403, Bank of Italy, Economic Research and International Relations Area.
• Bevan Cook & Daan Steenkamp, 2018. "Funding cost pass-through to mortgage rates," Reserve Bank of New Zealand Analytical Notes series AN2018/02, Reserve Bank of New Zealand.
• Pablo Hernández de Cos & David López Rodríguez & Javier J. Pérez, 2018. "Los retos del desapalancamiento público," Occasional Papers 1803, Banco de España.
• Victor Pontines, 2018. "Self-selection and treatment effects in macroeconomics: Revisiting the effectiveness of foreign exchange intervention," CAMA Working Papers 2018-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Adamopoulou, Effrosyni & Bobbio, Emmanuele & De Philippis, Marta & Giorgi, Federico, 2018. "Reallocation and the Role of Firm Composition Effects on Aggregate Wage Dynamics," IZA Discussion Papers 11313, Institute of Labor Economics (IZA).
• Kaminska, Iryna & Roberts-Sklar, Matt, 2017. "Volatility in equity markets and monetary policy rate uncertainty," Bank of England working papers 700, Bank of England.
• Lise Pichette & Marie-Noëlle Robitaille & Mohanad Salameh & Pierre St-Amant, 2018. "Dismiss the Gap? A Real-Time Assessment of the Usefulness of Canadian Output Gaps in Forecasting Inflation," Staff Working Papers 18-10, Bank of Canada.
• DEGUENONVO, Cédric, 2017. "Real exchange rate misalignment in Senegal: effect on growth," MPRA Paper 84338, University Library of Munich, Germany.
• International Monetary Fund, 2018. "Republic of Fiji; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji," IMF Staff Country Reports 18/34, International Monetary Fund.
• International Monetary Fund, 2018. "Bosnia and Herzegovina; 2017 Article IV Consultation, First Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Extension of the Arrangement, Rephasing of Purchases, a," IMF Staff Country Reports 18/39, International Monetary Fund.
• Richhild Moessner, 2018. "Effects of asset purchases and financial stability measures on term premia in the euro area," National Institute of Economic and Social Research (NIESR) Discussion Papers 489, National Institute of Economic and Social Research.
• Teles, Pedro & , & Navarro, Gaston & Nicolini, Juan Pablo, 2018. "Sovereign Default: The Role of Expectations," CEPR Discussion Papers 12750, C.E.P.R. Discussion Papers.
• Chu, Angus C. & Cozzi, Guido & Fan, Haichao & Furukawa, Yuichi & Liao, Chih-Hsing, 2018. "Innovation and Inequality in a Monetary Schumpeterian Model with Heterogeneous Households and Firms," MPRA Paper 84711, University Library of Munich, Germany.
• BENKRAIEM, Ramzi & Lahiani, Amine & MILOUDI, Anthony & Shahbaz, Muhammad, 2018. "New Insights into the US Stock Market Reactions to Energy Price Shocks," MPRA Paper 84778, University Library of Munich, Germany, revised 18 Feb 2018.
• Grzegorz Poniatowski, 2018. "Enhancing Credibility and Commitment to Fiscal Rules," CASE Reports 0493, CASE-Center for Social and Economic Research.
• Leonel Muinelo-Gallo & Andreas P. Kyriacou & Oriol Roca-Sagalés, 2018. "El sistema de transferencias fiscales sociales en Uruguay: un análisis de su composición y comportamiento cí­clico," Documentos de Trabajo (working papers) 18-01, Instituto de Economía - IECON.
• Mario Holzner, 2018. "Corporatism and the Labour Income Share," wiiw Working Papers 144, The Vienna Institute for International Economic Studies, wiiw.
• Njindan Iyke, Bernard & Ho, Sin-Yu, 2018. "Inflation, Inflation Uncertainty, and Growth: Evidence from Ghana," MPRA Paper 85191, University Library of Munich, Germany.
• International Monetary Fund, 2018. "El Salvador; Technical Assistance Report-Balance of Payments, International Investment Position, and Secondary Income Statistics (July 14-22, 2014)," IMF Staff Country Reports 18/38, International Monetary Fund.
• Fabrizio Venditti & Francesco Columba & Alberto Maria Sorrentino, 2018. "A risk dashboard for the Italian economy," Questioni di Economia e Finanza (Occasional Papers) 425, Bank of Italy, Economic Research and International Relations Area.
• International Monetary Fund, 2018. "Republic of Korea; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea," IMF Staff Country Reports 18/40, International Monetary Fund.
• Teles, Pedro & Nicolini, Juan Pablo & Chari, V. V., 2018. "Ramsey Taxation in the Global Economy," CEPR Discussion Papers 12753, C.E.P.R. Discussion Papers.
• International Monetary Fund, 2018. "Morocco; Third 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 18/58, International Monetary Fund.
• Hentze, Tobias & Kolev, Galina V., 2018. "Gesamtwirtschaftliche Effekte einer Ausdehnung der öffentlichen Investitionen: Simulationsrechnungen für Deutschland," IW policy papers 2/2018, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• International Monetary Fund, 2018. "Australia; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia," IMF Staff Country Reports 18/44, International Monetary Fund.
• Mirko Wiederholt & Nathanael Vellekoop, 2017. "Inflation Expectations and Choices of Households: Evidence from Matched Survey and Administrative Data," 2017 Meeting Papers 1449, Society for Economic Dynamics.
• Florian Morvillier, 2018. "The role of exchange rate undervaluations on the inflation-growth nexus," EconomiX Working Papers 2018-15, University of Paris Nanterre, EconomiX.
• Claudiu Tiberiu Albulescu & Dominique Pépin, 2018. "Money demand stability, monetary overhang and inflation forecast in the CEE countries," Working Papers hal-01720319, HAL.
• Vigninou GAMMADIGBE & Ismaël ISSIFOU & Daouda SEMBENE & Sampawende J.-A. TAPSOBA, 2018. "Convergence et divergence budgétaire en Afrique : le rôle des Communautés économiques régionales et des Unions économiques et monétaires," Working Papers P217, FERDI.
• Vigninou GAMMADIGBE & Ismaël ISSIFOU & Sampawende J.-A. TAPSOBA & Daouda SEMBENE, 2018. "Convergence et divergence budgétaire en Afrique : le rôle des Communautés économiques régionales et des Unions économiques et monétaires," Working Papers P217, FERDI.
• G. Cette & S. Corde & R. Lecat, 2018. "Firm-level Productivity Dispersion and Convergence," Working papers 662, Banque de France.
• International Monetary Fund, 2018. "Bulgaria; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bulgaria," IMF Staff Country Reports 18/46, International Monetary Fund.
• Aaron Sojourner & José Pacas, 2018. "The Relationship between Union Membership and Net Fiscal Impact," Working Papers 2018-015, Human Capital and Economic Opportunity Working Group.
• Robert Kollmann, 2017. "Explaining International Business Cycle Synchronization," 2017 Meeting Papers 1489, Society for Economic Dynamics.
• Kohnert, Dirk, 2018. "Togo - 2017: domestic politics, foreign affairs and socio-economic development," MPRA Paper 84518, University Library of Munich, Germany.
• María T. Alvarez-Martínez & Salvador Barrios & Diego d'Andria & Maria Gesualdo & Gaëtan Nicodème & Jonathan Pycroft, 2018. "How Large is the Corporate Tax Base Erosion and Profit Shifting? A General Equlibrium Approach," CESifo Working Paper Series 6870, CESifo.
• Dan Andrews & Peter Gal & William Witheridge, 2018. "A genie in a bottle?: Globalisation, competition and inflation," OECD Economics Department Working Papers 1462, OECD Publishing.
• Lars P. Feld & Christoph A. Schaltegger & Janine Studerus, 2018. "Regional Risk Sharing and Redistribution - The Role of Fiscal Mechanisms in Switzerland," CESifo Working Paper Series 6902, CESifo.
• YOUNSI, Moheddine & BECHTINI, Marwa, 2018. "Economic Growth, Financial Development and Income Inequality in BRICS Countries: Evidence from Panel Granger Causality Tests," MPRA Paper 85182, University Library of Munich, Germany.
• Antonio Ciccone, 2018. "International Commodity Prices and Civil War Outbreak: New Evidence for Sub-Saharan Africa and Beyond," CESifo Working Paper Series 6866, CESifo.
• António Afonso & Florence Huart & João Tovar Jalles & Piotr Stanek, 2018. "Twin Deficits Revisited: a role for fiscal institutions?," Working Papers REM 2018/31, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Joydeb Sasmal & Ritwik Sasmal, 2017. "Government Spending With Public Debt, Economic Growth And Fiscal Balance: Evidences From India," Proceedings of International Academic Conferences 5908111, International Institute of Social and Economic Sciences.
• Antonio Ciccone, 2018. "Democratic Tipping Points," Working Papers 1026, Barcelona School of Economics.
• Antonio Ciccone, 2018. "Democratic Tipping Points," Economics Working Papers 1602, Department of Economics and Business, Universitat Pompeu Fabra.
• International Monetary Fund, 2018. "Kingdom of Lesotho; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Lesotho," IMF Staff Country Reports 18/54, International Monetary Fund.
• International Monetary Fund, 2018. "El Salvador; Technical Assistance Report-The Coordinated Direct Investment Survey and the Coordinated Portfolio Investment Survey (April 21-29, 2014)," IMF Staff Country Reports 18/37, International Monetary Fund.
• Thiem, Christopher, 2018. "Cross-category spillovers of economic policy uncertainty," Ruhr Economic Papers 744, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Makram El-Shagi & Steven Yamarik, 2018. "State-Level Capital and Investment: Refinements and Update," CFDS Discussion Paper Series 2018/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
• Grömling, Michael, 2018. "Methods and applications of the IW business survey," IW-Reports 5/2018, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• Herr, Hansjörg, 2018. "Karl Marx's thoughts on functional income distribution - a critical analysis," IPE Working Papers 101/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Katarina Borovickova & Jaroslav Borovicka, 2017. "Discount Rates and Employment Fluctuations," 2017 Meeting Papers 1428, Society for Economic Dynamics.
• World Bank Group, 2016. "Iran Economic Monitor, Fall 2016," World Bank Publications - Reports 25865, The World Bank Group.
• International Monetary Fund, 2018. "Costa Rica; Technical Assistance Report-The Coordinated Direct Investment Survey and the Coordinated Portfolio Investment Survey (March 6-14, 2014)," IMF Staff Country Reports 18/36, International Monetary Fund.
• Viktor O. Ledenyov & Dimitri O. Ledenyov, 2018. "Business Cycles in Economics," Papers 1803.06108, arXiv.org.
• Sebastiaan Pool, 2018. "Mortgage debt and shadow banks," DNB Working Papers 588, Netherlands Central Bank, Research Department.
• Anders Aslund, 2018. "Will Ukraine Be Able to Establish Real Property Rights?," mBank - CASE Seminar Proceedings 0153, CASE-Center for Social and Economic Research.
• Hana Polá?ková, 2017. "The Impact of Globalization on the Agricultural Sector and Food Security," Proceedings of International Academic Conferences 5908324, International Institute of Social and Economic Sciences.
• Aditya Aladangady & Laura Feiveson, 2018. "A Not-So-Great Recovery in Consumption : What is Holding Back Household Spending?," FEDS Notes 2018-03-08, Board of Governors of the Federal Reserve System (U.S.).
• Massimo CINGOLANI, 2017. "Investissements publics nécessaires – Le rôle potentiel des banques publiques," CIRIEC Working Papers 1707, CIRIEC - Université de Liège.
• Aneta Hryckiewicz & Piotr Mielus & Karolina Skorulska & Malgorzata Snarska, 2018. "Does a bank levy increase frictions on the interbank market?," KAE Working Papers 2018-033, Warsaw School of Economics, Collegium of Economic Analysis.