Report NEP-MAC-2018-04-30

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:

• Accolley, Delali, 2018. "Accounting for Busines Cycles in Canada: II. The Role of Money," MPRA Paper 85481, University Library of Munich, Germany.
• Luca Fornaro & Federica Romei, 2016. "The paradox of global thrift," Economics Working Papers 1609, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2019.
• Marcus Hagedorn & Jinfeng Luo & Iourii Manovskii & Kurt Mitman, 2018. "Forward Guidance," NBER Working Papers 24521, National Bureau of Economic Research, Inc.
• Julien Bengui & Toan Phan, 2018. "Asset Pledgeability and Endogenously Leveraged Bubbles," Working Paper 18-11, Federal Reserve Bank of Richmond.
• Klaus Adam & Henning Weber, 2018. "Optimal Trend Inflation," CRC TR 224 Discussion Paper Series crctr224_010_2018, University of Bonn and University of Mannheim, Germany.
• Emanuele Ciola & EDOARDO GAFFEO & Mauro Gallegati, 2018. "Matching frictions, credit reallocation and macroeconomic activity: how harmful are financial crises?," DEM Working Papers 2018/05, Department of Economics and Management.
• Taguchi, Hiroyuki, 2018. "Monetary policy rule under inflation targeting: the case of Mongolia," MPRA Paper 86132, University Library of Munich, Germany.
• Latsos, Sophia, 2018. "Real wage effects of Japan's monetary policy," Working Papers 153, University of Leipzig, Faculty of Economics and Management Science.
• Bachmann, Ronald & Felder, Rahel, 2018. "Labour Market Transitions, Shocks and Institutions in Turbulent Times: A Cross-Country Analysis," IZA Discussion Papers 11443, Institute of Labor Economics (IZA).
• Wen Yao & Xiaodong Zhu, 2018. "Structural Change and Aggregate Employment Fluctuations in China and the US," Working Papers tecipa-600, University of Toronto, Department of Economics.
• Benchimol, Jonathan & Bounader, Lahcen, 2018. "Optimal monetary policy under bounded rationality," Research Discussion Papers 9/2018, Bank of Finland.
• Corsetti, Giancarlo & Dedola, Luca & Leduc, Sylvain, 2018. "Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-offs," CEPR Discussion Papers 12850, C.E.P.R. Discussion Papers.
• Christian Pfister, 2018. "(Real-)Time Is Money," Working papers 675, Banque de France.
• Akihiro Kanafuji & Rina Mandokoro & Naoya Kato & Tomohiro Sugo, 2018. "Revision of the Consumption Activity Index to Address the 2008 SNA and Improve Accuracy," Bank of Japan Research Papers 18-04-20, Bank of Japan.
• Chernov, Mikhail & Augustin, Patrick & Song, Dongho, 2018. "Sovereign credit risk and exchange rates: Evidence from CDS quanto spreads," CEPR Discussion Papers 12857, C.E.P.R. Discussion Papers.
• Patrick Augustin & Mikhail Chernov & Dongho Song, 2018. "Sovereign Credit Risk and Exchange Rates: Evidence from CDS Quanto Spreads," NBER Working Papers 24506, National Bureau of Economic Research, Inc.
• Andrew Graczyk & Toan Phan, 2018. "Regressive Welfare Effects of Housing Bubbles," Working Paper 18-10, Federal Reserve Bank of Richmond.
• Michael D. Bordo, 2017. "An historical perspective on financial stability and monetary policy regimes: A case for caution in central banks current obsession with financial stability," Working Paper 2018/5, Norges Bank.
• Polo, Andrea & Gonzalez, Rodrigo & Khametshin, Dmitry & Peydró, José-Luis, 2018. "Hedger of Last Resort: Evidence from Brazilian FX Interventions, Local Credit and Global Financial Cycles," CEPR Discussion Papers 12817, C.E.P.R. Discussion Papers.
• Wirginia Doryñ & Micha³ Mackiewicz & Dorota Wawrzyniak, 2018. "The Role of Institutions in Determining the Cyclical Behavior of Fiscal Policy," Lodz Economics Working Papers 2/2018, University of Lodz, Faculty of Economics and Sociology.
• Aaron Hedlund, 2018. "Credit Constraints, House Prices, and the Impact of Life Cycle Dynamics," Working Papers 1807, Department of Economics, University of Missouri.
• Karel Mertens, 2018. "The Near Term Growth Impact of the Tax Cuts and Jobs Act," Working Papers 1803, Federal Reserve Bank of Dallas.
• van Wijnbergen, Sweder, 2018. "Real interest rates, exchange rates and the ZLB: on Secular Stagnation," CEPR Discussion Papers 12837, C.E.P.R. Discussion Papers.
• Michiel Bijlsma & Clemens Kool & Marielle Non, 2017. "The effect of financial development on economic growth: a meta-analysis," CPB Discussion Paper 340, CPB Netherlands Bureau for Economic Policy Analysis.
• Perignon, Christophe & Vuillemey, Guillaume & Kacperczyk, Marcin T., 2017. "The Private Production of Safe Assets," HEC Research Papers Series 1212, HEC Paris, revised 26 Oct 2017.
• Michiel Bijlsma & Remco Mocking, 2017. "The Impact of House Price Shocks on the Savings of Dutch Homeowners and Renters," CPB Discussion Paper 346, CPB Netherlands Bureau for Economic Policy Analysis.
• Woon Gyu Choi & David Cook, 2018. "Policy Conflicts and Inflation Targeting: The Role of Credit Markets," IMF Working Papers 18/72, International Monetary Fund.
• International Monetary Fund, 2018. "Jamaica; 2018 Article IV Consultation, Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Press Release and Staff Report," IMF Staff Country Reports 18/103, International Monetary Fund.
• David N F Bell & David G Blanchflower, 2018. "The Lack of Wage Growth and the Falling NAIRU," National Institute of Economic and Social Research (NIESR) Discussion Papers 492, National Institute of Economic and Social Research.
• Solarin, Sakiru Adebola & Shahbaz, Muhammad & Stewart, Chris, 2018. "Is the consumption-income ratio stationary in African countries? Evidence from new time series tests that allow for structural breaks," Economics Discussion Papers 2018-2, School of Economics, Kingston University London.
• Gilbert Mbaraa & Ryszard Kokoszczyński, 2018. "Corporate governance, tax evasion and business cycles," Working Papers 2018-10, Faculty of Economic Sciences, University of Warsaw.
• Brunnermeier, Markus K. & Langfield, Sam & Pagano, Marco & Reis, Ricardo & Van Nieuwerburgh, Stijn & Vayanos, Dimitri, 2017. "ESBies: safety in the tranches," LSE Research Online Documents on Economics 74320, London School of Economics and Political Science, LSE Library.
• German Forero-Laverde, 2018. "A New Indicator for Describing Bull and Bear Markets," Working Papers 0129, European Historical Economics Society (EHES).
• Sarolta Laczo & Raffaele Rossi, 2018. "Time-Consistent Consumption Taxation," Working Papers 857, Queen Mary University of London, School of Economics and Finance.
• Gianluca Cubadda & Alain Hecq & Sean Telg, 2018. "Detecting Co-Movements in Noncausal Time Series," CEIS Research Paper 430, Tor Vergata University, CEIS, revised 23 Apr 2018.
• Lozej, Matija & Onorante, Luca & Rannenberg, Ansgar, 2018. "Countercyclical capital regulation in a small open economy DSGE model," Working Paper Series 2144, European Central Bank.
• Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2018. "Rent creation and sharing: new measures and impacts on TFP," Working papers 674, Banque de France.
• Adama Zerbo, 2018. "Evidences empiriques sur la formation de l'équilibre du marché du travail : cas des pays de l'OCDE," Documents de travail 179, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
• Pau Rabanal, 2018. "An Estimated DSGE Model to Analyze Housing Market Policies in Hong Kong SAR," IMF Working Papers 18/90, International Monetary Fund.
• Minford, Lucy & Meenagh, David, 2018. "Supply-side policy and economic growth: A case study of the UK," Cardiff Economics Working Papers E2018/10, Cardiff University, Cardiff Business School, Economics Section.
• Carlsson, Mikael & Westermark, Andreas, 2018. "Endogenous Separations, Wage Rigidities and Unemployment Volatility," Working Paper Series 2018:5, IFAU - Institute for Evaluation of Labour Market and Education Policy.
• International Monetary Fund, 2018. "Republic of San Marino; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of San Marino," IMF Staff Country Reports 18/101, International Monetary Fund.
• Anmol Bhandari & Ellen R. McGrattan, 2018. "Sweat Equity in U.S. Private Business," NBER Working Papers 24520, National Bureau of Economic Research, Inc.
• Atanas Pekanov, 2018. "The New View on Fiscal Policy and its Implications for the European Monetary Union," WIFO Working Papers 562, WIFO.
• Ellison, Martin & Tischbirek, Andreas, 2018. "Beauty contests and the term structure," LSE Research Online Documents on Economics 87384, London School of Economics and Political Science, LSE Library.
• Prada, Albino & Sanchez-Fernandez, Patricio, 2018. "Nivel de riqueza regional, bienestar y desarrollo [Regional wealth, well-being and development]," MPRA Paper 85801, University Library of Munich, Germany.
• Teulings, Coen & Lange, Rutger-Jan, 2018. "The option value of vacant land and the optimal timing of city extensions," CEPR Discussion Papers 12847, C.E.P.R. Discussion Papers.
• Makarski, Krzysztof & Tyrowicz, Joanna, 2018. "On Welfare Effects of Increasing Retirement Age," IZA Discussion Papers 11441, Institute of Labor Economics (IZA).
• Gabriel Jiménez & Enrique Moral-Benito & Raquel Vegas, 2018. "Bank lending standards over the cycle: the role of firms’ productivity and credit risk," Working Papers 1811, Banco de España.
• Arifur Rahman, 2018. "Equitable Redistribution without Taxation: A lesson from East Asian Miracle countries," LIS Working papers 726, LIS Cross-National Data Center in Luxembourg.
• David N.F. Bell & David G. Blanchflower, 2018. "The Lack of Wage Growth and the Falling NAIRU," NBER Working Papers 24502, National Bureau of Economic Research, Inc.
• Schott, Peter & Pierce, Justin, 2018. "New Perspectives on the Decline of US Manufacturing Employment," CEPR Discussion Papers 12839, C.E.P.R. Discussion Papers.
• Jean-Christophe Poutineau & Gauthier Vermandel, 2018. "International monetary policy coordination in a new Keynesian model with NICE features," Post-Print hal-01745620, HAL.
• Mari Tanaka & Nicholas Bloom & Maiko Koga & Haruko Kato, 2018. "Firm Performance and Macro Forecast Accuracy," Bank of Japan Working Paper Series 18-E-9, Bank of Japan.
• Paolo Martellini & Guido Menzio, 2018. "Declining Search Frictions, Unemployment and Growth," NBER Working Papers 24518, National Bureau of Economic Research, Inc.
• Stephen Wright & James Mitchell & Donald Robertson, 2018. "R2 bounds for predictive models: what univariate properties tell us about multivariate predictability," Birkbeck Working Papers in Economics and Finance 1804, Birkbeck, Department of Economics, Mathematics & Statistics.
• Chiu, Ching-Wai (Jeremy) & hayes, simon & kapetanios, george & Theodoridis, Konstantinos, 2018. "A new approach for detecting shifts in forecast accuracy," Bank of England working papers 721, Bank of England.
• Hiro Ito & Masahiro Kawai, 2018. "Quantity and Quality Measures of Financial Development: Implications for Macroeconomic Performance," Discussion papers 1803, ERINA - Economic Research Institute for Northeast Asia.
• Marc A. C. Hafstead & Roberton C. Williams III & Yunguang Chen, 2018. "Environmental Policy, Full-Employment Models, and Employment: A Critical Analysis," NBER Working Papers 24505, National Bureau of Economic Research, Inc.
• Wolfgang Britz & Roberto Roson, 2018. "G-Rdem: A Gtap-Based Recursive Dynamic Cge Model For Long-Term Baseline Generation And Analysis," IEFE Working Papers 105, IEFE, Center for Research on Energy and Environmental Economics and Policy, Universita' Bocconi, Milano, Italy.
• Erik Brynjolfsson & Felix Eggers & Avinash Gannamaneni, 2018. "Using Massive Online Choice Experiments to Measure Changes in Well-being," NBER Working Papers 24514, National Bureau of Economic Research, Inc.
• Davide Furceri & Prakash Loungani & Jonathan David Ostry, 2018. "The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data," IMF Working Papers 18/83, International Monetary Fund.
• Michael D. Bordo & John V. Duca, 2018. "The Impact of the Dodd-Frank Act on Small Business," NBER Working Papers 24501, National Bureau of Economic Research, Inc.
• Fiorenza Venturini, 2018. "The Unintended Composition Effect of the Subnational Government Fiscal Rules: The Case of Italian Municipalities," Working papers 70, Società Italiana di Economia Pubblica.
• Gärtner, Stefan & Fernández, Jorge, 2018. "The banking systems of Germany, the UK and Spain form a spatial perspective: The Spanish case," IAT Discussion Papers 18/02, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
• Masahiro Kawai, 2017. "Will the 21st Century Be an Asian Century?: A Global Perspective," Discussion papers 1702, ERINA - Economic Research Institute for Northeast Asia.
• Larkin Terrie, 2018. "Assessing the Automated Imputation of Missing and Erroneous Survey Data: A Simulation-Based Approach," BEA Papers 0108, Bureau of Economic Analysis.
• International Monetary Fund, 2018. "Lao People’s Democratic Republic; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People’s Democratic Republic," IMF Staff Country Reports 18/84, International Monetary Fund.
• Jean Mercenier & Ebru Voyvoda, 2018. "On Barriers to Technology Adoption, Appropriate Technology and Deep Integration (with implications for the European Union)," ERC Working Papers 1806, ERC - Economic Research Center, Middle East Technical University, revised Apr 2018.
• Brinkhoff, Jeroen & Langfield, Sam & Weeken, Olaf, 2018. "From the horse’s mouth: surveying responses to stress by banks and insurers," ESRB Occasional Paper Series 15, European Systemic Risk Board.
• Siming Liu & Hewei Shen, 2018. "Fiscal Commitment and Sovereign Default Risk," CAEPR Working Papers 2018-003, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
• Leandro Prados de la Escosura & Carlos Santiago-Caballero, 2018. "The Napoleonic Wars: A Watershed in Spanish History?," Working Papers 0130, European Historical Economics Society (EHES).
• Federico Diaz Kalan & Adina Popescu & Julien Reynaud, 2018. "Thou Shalt Not Breach: The Impact on Sovereign Spreads of Noncomplying with the EU Fiscal Rules," IMF Working Papers 18/87, International Monetary Fund.
• Mahdi Ghodsi & Julia Grübler & Doris Hanzl-Weiss & Roman Römisch, 2017. "Monthly Report No. 10/2017," wiiw Monthly Reports 2017-10, The Vienna Institute for International Economic Studies, wiiw.
• Molefe B. Phirinyane, 2016. "Technology and the Nature of Active Citizenship: The case of Botswana," Working Papers 45, Botswana Institute for Development Policy Analysis.
• Kevin J. Boudreau, 2018. "Amateurs Crowds & Professional Entrepreneurs as Platform Complementors," NBER Working Papers 24512, National Bureau of Economic Research, Inc.