Report NEP-MAC-2018-07-09

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:

• Qazi Haque & Nicolas Groshenny & Mark Weder, 2018. "Do We Really Know that U.S. Monetary Policy was Destabilizing in the 1970s?," School of Economics and Public Policy Working Papers 2018-03, University of Adelaide, School of Economics and Public Policy.
• Ralph Luetticke, 2018. "Transmission of Monetary Policy with Heterogeneity in Household Portfolios," Discussion Papers 1819, Centre for Macroeconomics (CFM).
• Item repec:spo:wpmain:info:hdl:2441/3tl6t49e929fla0aa2ukppot8n is not listed on IDEAS anymore

• Caruso, Alberto & Reichlin, Lucrezia & Ricco, Giovanni, 2018. "Financial and Fiscal Interaction in the Euro Area Crisis : This Time was Different," The Warwick Economics Research Paper Series (TWERPS) 1167, University of Warwick, Department of Economics.
• Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2018. "Evolution of Modern Business Cycle Models: Accounting for the Great Recession," Staff Report 566, Federal Reserve Bank of Minneapolis.
• Aikman, David & Giese, Julia & Kapadia, Sujit & McLeay, Michael, 2018. "Targeting financial stability: macroprudential or monetary policy?," Bank of England working papers 734, Bank of England.
• Antonio Lemus, 2018. "Dynamic Effects of the Chilean Fiscal Policy," EconomiX Working Papers 2018-33, University of Paris Nanterre, EconomiX.
• Ashima Goyal, 2018. "The Growth slowdown and the working of inflation targeting in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2018-007, Indira Gandhi Institute of Development Research, Mumbai, India.
• Rasool, Haroon & Adil, Masudul Hasan & Tarique, Md, 2018. "An Empirical Evidence of Dynamic Interaction among price level, interest rate, money supply and real income: The case of the Indian Economy," MPRA Paper 87452, University Library of Munich, Germany.
• Luis Díez Catalán, 2018. "The labor share in the service economy," Working Papers 18/09, BBVA Bank, Economic Research Department.
• Jose A. Lopez & Kris James Mitchener, 2018. "Uncertainty and Hyperinflation: European Inflation Dynamics after World War I," CESifo Working Paper Series 7066, CESifo.
• Vasily Astrov & Mahdi Ghodsi & Richard Grieveson & Robert Stehrer, 2018. "The Iranian Economy: Challenges and Opportunities," wiiw Research Reports 429, The Vienna Institute for International Economic Studies, wiiw.
• Pham, Tuan & Tran, Thi Ha, 2018. "Impact of Exchange Rate on Vietnam-China Bilateral Trade: Findings from ARDL Approach," MPRA Paper 87457, University Library of Munich, Germany.
• Zhou, Peng & Dixon, Huw David, 2018. "The Determinants of Price Rigidity in the UK: Analysis of the CPI and PPI Microdata and Application to Macrodata Modelling," Cardiff Economics Working Papers E2018/18, Cardiff University, Cardiff Business School, Economics Section.
• Gerke, Rafael & Giesen, Sebastian & Kienzler, Daniel, 2018. "Uncertainty about QE effects when an interest rate peg is anticipated," Discussion Papers 12/2018, Deutsche Bundesbank.
• Vedolin, Andrea & Leombroni, Matteo & , & Whelan, Paul, 2018. "Central Bank Communication and the Yield Curve," CEPR Discussion Papers 12970, C.E.P.R. Discussion Papers.
• Eugenio Caverzasi & Alberto Russo, 2018. "Toward a new microfounded macroeconomics in the wake of the crisis," Working Papers PKWP1807, Post Keynesian Economics Society (PKES).
• Hans-Werner Sinn, 2018. "The ECB's Fiscal Policy," NBER Working Papers 24613, National Bureau of Economic Research, Inc.
• López-Salido, J David & Baker, Sarah S. & Nelson, Edward, 2018. "The Money View Versus the Credit View," CEPR Discussion Papers 12982, C.E.P.R. Discussion Papers.
• Efrem Castelnuovo & Giovanni Pellegrino, 2018. "Uncertainty-dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation," "Marco Fanno" Working Papers 0219, Dipartimento di Scienze Economiche "Marco Fanno".
• Ozge Akinci & Albert Queraltó, 2018. "Exchange rate dynamics and monetary spillovers with imperfect financial markets," Staff Reports 849, Federal Reserve Bank of New York.
• Hollmayr, Josef, 2018. "Fiscal regimes and the (non)stationarity of debt," Discussion Papers 11/2018, Deutsche Bundesbank.
• Paul, Saumik, 2018. "Capital Skill Substitutability and the Labor Income Share: Identification Using the Morishima Elasticity of Substitution," ADBI Working Papers 839, Asian Development Bank Institute.
• Michal Franta, 2018. "The Likelihood of Effective Lower Bound Events," Working Papers 2018/3, Czech National Bank.
• Arina Sapova & Aleksey Porshakov & Andrey Andreev & Evgenia Shatilo, 2018. "Review of Methodological Specifics of Consumer Price Index Seasonal Adjustment in the Bank of Russia," Bank of Russia Working Paper Series wps33, Bank of Russia.
• Sohei Kaihatsu & Maiko Koga & Tomoya Sakata & Naoko Hara, 2018. "Interaction between Business Cycles and Economic Growth," Bank of Japan Working Paper Series 18-E-12, Bank of Japan.
• Alberto Martín & Enrique Moral-Benito & Tom Schmitz, 2018. "The Financial Transmission of Housing Booms: Evidence from Spain," Working Papers 1044, Barcelona School of Economics.
• Michał Brzoza-Brzezina & Jacek Kotłowski, 2018. "International confidence spillovers and business cycles in small open economies," NBP Working Papers 287, Narodowy Bank Polski.
• Ashima Goyal, 2018. "The Indian fiscal-monetary framework: Dominance or coordination?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2018-010, Indira Gandhi Institute of Development Research, Mumbai, India.
• Maggiori, Matteo & Neiman, Brent & Schreger, Jesse, 2018. "International Currencies and Capital Allocation," CEPR Discussion Papers 12973, C.E.P.R. Discussion Papers.
• Hamed Ghiaie & Jean-François Rouillard, 2018. "Housing Taxation and Financial Intermediation," Cahiers de recherche 18-01, Departement d'économique de l'École de gestion à l'Université de Sherbrooke, revised Nov 2018.
• Baumeister, Christiane & Hamilton, James D., 2018. "Inference in structural vector auto regressions when the identifying assumptions are not fully believed : Re-evaluating the role of monetary policy in economic fluctuations," Research Discussion Papers 14/2018, Bank of Finland.
• Michael D. Bordo & Klodiana Istrefi, 2018. "Perceived FOMC: The Making of Hawks, Doves and Swingers," NBER Working Papers 24650, National Bureau of Economic Research, Inc.
• Austan D. Goolsbee & Peter J. Klenow, 2018. "Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce," NBER Working Papers 24649, National Bureau of Economic Research, Inc.
• Q. Farooq Akram & Mats B. Fevolden & Lyndsie H. Smith, 2018. "Identification of interbank loans and interest rates from interbank payments – A reliability assessment," Working Paper 2018/8, Norges Bank.
• Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Tania Treibich, 2018. "Debunking the Granular Origins of Aggregate Fluctuations: From Real Business Cycles back to Keynes," LEM Papers Series 2018/19, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Lindner, Peter & Loeffler, Axel & Segalla, Esther & Valitova, Guzel & Vogel, Ursula, 2018. "International monetary policy spillovers through the bank funding channel," Discussion Papers 13/2018, Deutsche Bundesbank.
• Lance A. Fisher & Hyeon-seung Huh, 2018. "Combining sign and parametric restrictions in SVARs by Givens Rotations," Working papers 2018rwp-122, Yonsei University, Yonsei Economics Research Institute.
• Isabel Argimon & Clemens Bonner & Ricardo Correa & Patty Duijm & Jon Frost & Jakob de Haan & Leo de Haan & Viktors Stebunovs, 2018. "Financial Institutions’ Business Models and the Global Transmission of Monetary Policy," International Finance Discussion Papers 1228, Board of Governors of the Federal Reserve System (U.S.).
• Jan Pablo Burgard & Matthias Neuenkirch & Matthias Nöckel, 2018. "State-Dependent Transmission of Monetary Policy in the Euro Area," CESifo Working Paper Series 7074, CESifo.
• Daisuke, Ikeda, 2018. "Bank runs, prudential tools and social welfare in a global game general equilibrium model," Bank of England working papers 732, Bank of England.
• Mariacristina De Nardi & Giulio Fella & Gonzalo Paz Pardo, 2018. "Nonlinear household earnings dynamics, self-insurance, and welfare," Working Papers 860, Queen Mary University of London, School of Economics and Finance.
• Ana Fontoura Gouveia & Christian Osterhold, 2018. "Fear the walking dead: Zombie firms, spillovers and exit barriers," OECD Productivity Working Papers 13, OECD Publishing.
• Waeyenberge, Elisa Van. & Bargawi, Hannah., 2018. "Macroeconomic policy, inclusive growth and productive employment in Uganda," ILO Working Papers 994987693202676, International Labour Organization.
• Giovanni Caggiano & Efrem Castelnuovo & Juan Manuel Figueres, 2018. "Economic Policy Uncertainty Spillovers in Booms and Busts," "Marco Fanno" Working Papers 0220, Dipartimento di Scienze Economiche "Marco Fanno".
• Agnès Bénassy-Quéré & Matthieu Bussière & Pauline Wibaux, 2018. "Trade and currency weapons," PSE Working Papers halshs-01820745, HAL.
• Hernández-Ramos, Lesdy Natalie & Venegas-Martínez, Francisco, 2018. "Un modelo estocástico de equilibrio general de una economía pequeña y abierta para evaluar el desempeño de la política fiscal y monetaria: el caso mexicano 1990-2015 [A Stochastic General Equilibri," MPRA Paper 87666, University Library of Munich, Germany.
• Gabriele Camera & Jaehong Kim, 2018. "Equilibrium wage rigidity in directed search," Working Papers 18-04, Chapman University, Economic Science Institute.
• Chakraborty, Lekha & Sinha, Darshy, 2018. "Has Fiscal Rule changed the Fiscal Marksmanship of Union Government?," Working Papers 18/234, National Institute of Public Finance and Policy.
• Acerenza, Santiago & Gandelman, Néstor, 2017. "Household Education Spending in Latin America and the Caribbean: Evidence from Income and Expenditure Surveys," IDB Publications (Working Papers) 8212, Inter-American Development Bank.
• Benjamín García, 2018. "Asymmetric monetary policy responses and the effects of a rise in the inflation target," Working Papers Central Bank of Chile 819, Central Bank of Chile.
• Tenreyro, Silvana & McLeay, Michael, 2018. "Optimal Inflation and the Identification of the Phillips Curve," CEPR Discussion Papers 12981, C.E.P.R. Discussion Papers.
• Buch, Claudia & Bussiere, Matthieu & Goldberg, Linda & Hills, Robert, 2018. "The international transmission of monetary policy," Bank of England working papers 731, Bank of England.
• van Rens, Thijs & Herz, Benedikt, 2018. "Accounting for Mismatch Unemployment," CEPR Discussion Papers 12972, C.E.P.R. Discussion Papers.
• Wright, Allan & Grenade, Kari & Scott-Joseph, Ankie, 2017. "Fiscal Rules: Towards a New Paradigm for Fiscal Sustainability in Small States," IDB Publications (Working Papers) 8208, Inter-American Development Bank.
• Diewert, Erwin & FEENSTRA, Robert, 2018. "Estimating the Benefits and Costs of New and Disappearing Products," Microeconomics.ca working papers erwin_diewert-2018-3, Vancouver School of Economics, revised 23 Apr 2018.
• Alvarez, Roberto & Hansen, Erwin, 2017. "Corporate Currency Risk and Hedging in Chile: Real and Financial Effects," IDB Publications (Working Papers) 8191, Inter-American Development Bank.
• Agénor, Pierre-Richard & Pereira da Silva, Luiz A., 2017. "Capital Requirements, Risk-Taking and Welfare in a Growing Economy," IDB Publications (Working Papers) 8206, Inter-American Development Bank.
• Hyejin Cho, 2017. "Economics Of Regulation: Credit Rationing And Excess Liquidity," Post-Print hal-01375423, HAL.
• Kenny, Seán & Turner, John D., 2018. "Wildcat Bankers or Political Failure? The Irish Financial Pantomime, 1797-1826," Lund Papers in Economic History 176, Lund University, Department of Economic History.
• Cesa-Bianchi, Ambrogio & Pesaran, M Hashem & Rebucci, Alessandro, 2018. "Uncertainty and economic activity: a multi-country perspective," Bank of England working papers 730, Bank of England.
• Basten, Christoph & Guin, Benjamin & Koch, Catherine, 2018. "How do banks and households manage interest rate risk? Evidence from mortgage applications and banks’ responses," Bank of England working papers 733, Bank of England.
• Vasily Astrov & Julia Grübler, 2018. "MOSOE: Konjunkturzenit überschritten," wiiw Research Reports in German language 10, The Vienna Institute for International Economic Studies, wiiw.
• Meenagh, David & Minford, Patrick & Wickens, Michael & Xu, Yongdeng, 2018. "Testing DSGE Models by indirect inference: a survey of recent findings," Cardiff Economics Working Papers E2018/14, Cardiff University, Cardiff Business School, Economics Section.
• José Jorge, 2018. "Financial System Architecture and Systematic Risk," CEF.UP Working Papers 1805, Universidade do Porto, Faculdade de Economia do Porto.
• Verónica Cañal-Fernández & Julio Tascón Fernández, 2018. "The long run impact of foreign direct investment, exports, imports and GDP: evidence for Spain from an ARDL approach," Working Papers 0128, European Historical Economics Society (EHES).
• John Gibson & Trinh Le, 2018. "Improved Modelling of Spatial Cost of Living Differences in Developing Countries: A Comparison of Expert Knowledge and Traditional Price Surveys," Working Papers in Economics 18/08, University of Waikato.
• Kenny, Seán & Turner, John D., 2018. "Wildcat bankers or political failure? The Irish financial pantomime, 1797-1826," QUCEH Working Paper Series 2018-07, Queen's University Belfast, Queen's University Centre for Economic History.
• Christian Masiak & Joern H. Block & Tobias Masiak & Matthias Neuenkirch & Katja N. Pielen, 2018. "The Market Cycles of ICOs, Bitcoin, and Ether," Research Papers in Economics 2018-04, University of Trier, Department of Economics.
• De Resende, Carlos & Takagi, Shinji, 2018. "Assessing the Effectiveness of IMF Programs Following the Global Financial Crisis: How Did It Change Since the Asian Crisis?," ADBI Working Papers 838, Asian Development Bank Institute.
• Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki & Shimizu, Sayoko, 2018. "The Impact of Monetary and Tax Policy on Income Inequality in Japan," ADBI Working Papers 837, Asian Development Bank Institute.
• Alekhina, Victoriia & Yoshino, Naoyuki, 2018. "Impact of World Oil Prices on an Energy Exporting Economy Including Monetary Policy," ADBI Working Papers 828, Asian Development Bank Institute.
• Hamidin, Dede, 2018. "Teori uang dan inflasi dalam analisis pemikiran Al Maqrizi [Theory of money and inflation in the analysis of Al Maqrizi thought]," MPRA Paper 87552, University Library of Munich, Germany, revised 23 Jun 2018.
• Kurz-Kim, Jeong-Ryeol, 2018. "A note on the predictive power of survey data in nowcasting euro area GDP," Discussion Papers 10/2018, Deutsche Bundesbank.
• Hasan Cömert & Erinç Yeldan, 2018. "A Tale of Three Crises in Turkey: 1994, 2001 and 2008–09," ERC Working Papers 1809, ERC - Economic Research Center, Middle East Technical University, revised Jun 2018.
• Michael Bleaney & Atsuyoshi Morozumi & Zakari Mumuni, 2018. "Inflation targeting in low-income countries: Does IT work?," Discussion Papers 2018/08, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
• Dilger, Alexander, 2018. "Sieben Szenarien zum Euroausstieg," Discussion Papers of the Institute for Organisational Economics 5/2018, University of Münster, Institute for Organisational Economics.
• Dilger, Alexander, 2018. "Die Verantwortung von Wirtschaftswissenschaftlern für Wirtschaftskrisen und die Wirtschaft allgemein," Discussion Papers of the Institute for Organisational Economics 4/2018, University of Münster, Institute for Organisational Economics.
• Michael Bleaney & Atsuyoshi Morozumi & Zakari Mumuni, 2018. "Inflation targeting and monetary policy in Ghana," Discussion Papers 2018/07, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
• Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018. "Wealth Preference and Rational Bubbles," ISER Discussion Paper 1035, Institute of Social and Economic Research, Osaka University.
• Isabelle Joumard & Saïd Kechida & Hedi Larbi, 2018. "Relancer l'investissement en Tunisie," OECD Economics Department Working Papers 1477, OECD Publishing.
• Grégory Claeys & Maria Demertzis & Konstantinos Efstathiou, 2018. "Cryptocurrencies and monetary policy," Policy Contributions 26557, Bruegel.
• José Antonio Alonso, 2018. "International tax cooperation and sovereign debt crisis resolution: reforming global governance to ensure no one is left behind," CDP Background Papers 041, United Nations, Department of Economics and Social Affairs.
• Jie He & Jérôme Dupras & Thomas G. Poder, 2018. "Payment and Provision Consequentiality in Voluntary Contribution Mechanism: Single or Double “Knife-Edge” Evidence?," Cahiers de recherche 18-02, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
• Aminu, Nasir & Meenagh, David & Minford, Patrick, 2018. "The Role of Energy Prices in the Great Recession - A Two-Sector Model with Unfiltered Data," Cardiff Economics Working Papers E2018/13, Cardiff University, Cardiff Business School, Economics Section.
• Stephen Broadberry & Hanhui Guan & David Daokui Li, 2017. "China, Europe and the Great Divergence: A Study in Historical National Accounting, 980-1850," Oxford Economic and Social History Working Papers _155, University of Oxford, Department of Economics.
• Valéry Dongmo Jiongo & Pierre Nguimkeu, 2018. "Bootstrapping Mean Squared Errors of Robust Small-Area Estimators: Application to the Method-of-Payments Data," Staff Working Papers 18-28, Bank of Canada.
• Dubois, C. & Gaigi, H. & Pérignon, M. & Maillot, M. & Darmon, N., 2018. "Co-construction et évaluation d’un programme de promotion de la santé pour conjuguer nutrition et budget au quotidien : les ateliers Opticourses," Working Papers MoISA 201803, UMR MoISA : Montpellier Interdisciplinary center on Sustainable Agri-food systems (social and nutritional sciences): CIHEAM-IAMM, CIRAD, INRAE, L'Institut Agro, Montpellier SupAgro, IRD - Montpellier, France.
• Avner Offer, 2017. "The Market Turn: From Social Democracy to Market Liberalism," Oxford Economic and Social History Working Papers _149, University of Oxford, Department of Economics.
• Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki & Inagaki, Yugo, 2018. "Empirical Analysis of Factors Influencing Price of Solar Modules," ADBI Working Papers 836, Asian Development Bank Institute.