Report NEP-MAC-2018-07-16

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:

• Libero Monteforte & Valentina Raponi, 2018. "Short term forecasts of economic activity: are fortnightly factors useful?," Temi di discussione (Economic working papers) 1177, Bank of Italy, Economic Research and International Relations Area.
• Yves, Togba Boboy & Yoon, Seong-Min, 2018. "Swing in the Fed’s balance sheet policy and spillover effects on emerging Asian countries," MPRA Paper 87141, University Library of Munich, Germany.
• Lissovolik, Yaroslav & Kuznetsov, Aleksei & Berdigulova, Aigul, 2016. "EDB Macroreview, July 2016. EAEU COUNTRIES GROWTH AFTER ADAPTATION," Working Papers 2016-1, Eurasian Development Bank, Chief Economist Group.
• Peter Tillmann & Andreas Walter, 2018. "ECB vs Bundesbank: Diverging Tones and Policy Effectiveness," MAGKS Papers on Economics 201820, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Adil, Masudul Hasan & Haider, Salman & Hatekar, Neeraj, 2018. "The empirical verification of money demand in case of India: Post-reform era," MPRA Paper 87148, University Library of Munich, Germany, revised 07 Jun 2018.
• Bernd Hayo & Israel García & Pierre-Méon Guillaume & Florian Neumeier & Duncan Roth, 2018. "German Public Attitudes Towards Asylum Seekers, Immigrants in the Workplace, Inflation, and Local Budgets: Evidence from a Representative Survey of the German Population," MAGKS Papers on Economics 201819, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Petrella, Ivan & Santoro, Emiliano & Simonsen, Lasse de la Porte, 2018. "Time-varying Price Flexibility and Inflation Dynamics," CEPR Discussion Papers 13027, C.E.P.R. Discussion Papers.
• Lissovolik, Yaroslav & Kuznetsov, Aleksei & Berdigulova, Aigul, 2016. "EDB Macroreview, October 2016. ECONOMIC RECOVERY TRAJECTORIES IN EURASIA," Working Papers 2016-2, Eurasian Development Bank, Chief Economist Group.
• Mario Alloza & Pablo Burriel & Javier J. Pérez, 2018. "Fiscal policies in the euro area: revisiting the size of spillovers," Working Papers 1820, Banco de España.
• Thomas Palley, 2018. "Recovering Keynesian Phillips curve theory," FMM Working Paper 26-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Arslan Razmi, 2018. "Montenegro’s Unilateral Euroization," UMASS Amherst Economics Working Papers 2018-13, University of Massachusetts Amherst, Department of Economics.
• Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2018. "Oil and Commodities Drive the World Business Cycle: A Long-Commodity-Cycle Model of the World Economy Over a Century and a Half," Cardiff Economics Working Papers E2018/16, Cardiff University, Cardiff Business School, Economics Section.
• Gottfries, Nils & Mickelsson, Glenn & Stadin, Karolina, 2018. "Deep Dynamics," Working Paper Series 2018:10, Uppsala University, Department of Economics.
• Yoshino, Naoyuki & Miyamoto, Hiroaki, 2017. "Decreased Effectiveness of Fiscal and Monetary Policies in Japan’s Aging Society," ADBI Working Papers 691, Asian Development Bank Institute.
• Barnett, William A. & Wang, Chan & Wang, Xue & Wu, Liyuan, 2018. "What inflation measure should a currency union target?," MPRA Paper 87035, University Library of Munich, Germany.
• Reichlin, Lucrezia & Caruso, Alberto & Ricco, Giovanni, 2018. "Financial and Fiscal Interaction in the Euro Area Crisis: This Time was Different," CEPR Discussion Papers 13016, C.E.P.R. Discussion Papers.
• Rongrong Sun, 2018. "Monetary Policy Announcements and Market Interest Rates Response: Evidence from China," CFDS Discussion Paper Series 2018/5, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
• Alberto Fuertes & Ricardo Gimeno & José Manuel Marqués, 2018. "Extraction of inflation expectations from financial instruments in Latin America," Working Papers 1819, Banco de España.
• Sandoval paucar, Giovanny, 2018. "Un análisis de la política monetaria y tasa de interés real neutral desde la perspectiva del principio de demanda efectiva [An analysis of monetary policy and neutral real interest rate from the pe," MPRA Paper 87610, University Library of Munich, Germany.
• Bahaj, Saleem, 2018. "Central Bank Swap Lines," CEPR Discussion Papers 13003, C.E.P.R. Discussion Papers.
• Saleem Bahaj & Ricardo Reis, 2018. "Central Bank Swap Lines," Discussion Papers 1816, Centre for Macroeconomics (CFM).
• Tom D. Holden & Paul Levine & Jonathan Swarbrick, 2018. "Reconciling Jaimovich-Rebelo Preferences, Habit in Consumption and Labor Supply," Staff Working Papers 18-26, Bank of Canada.
• Antonello d’Alessandro & Giulio Fella & Leonardo Melosi, 2018. "Fiscal Stimulus with Learning-By-Doing," Discussion Papers 1818, Centre for Macroeconomics (CFM).
• Antonello dAlessandro & Giulio Fella & Leonardo Melosi, 2018. "Fiscal Stimulus with Learning-By-Doing," Working Paper Series WP-2018-9, Federal Reserve Bank of Chicago.
• Francesco Corsello & Valerio Nispi Landi, 2018. "Labor market and financial shocks: a time varying analysis," Temi di discussione (Economic working papers) 1179, Bank of Italy, Economic Research and International Relations Area.
• Klaus Adam & Michael Woodford, 2018. "Leaning Against Housing Prices as Robustly Optimal Monetary Policy," CESifo Working Paper Series 7071, CESifo.
• Balázs Égert, 2018. "The quantification of structural reforms," OECD Economics Department Working Papers 1482, OECD Publishing.
• Portugal, Pedro & Rua, António, 2018. "Zooming the Ins and Outs of the U.S. Unemployment with a Wavelet Lens," IZA Discussion Papers 11559, Institute of Labor Economics (IZA).
• Takefumi Yamazaki, 2018. "Financial friction sources in emerging economies: Structural estimation of sovereign default models," Discussion papers ron303, Policy Research Institute, Ministry of Finance Japan.
• Thomas Hintermaier & Winfried Koeniger, 2018. "Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission," CESifo Working Paper Series 7088, CESifo.
• Dejuán, Óscar & McCombie, John S.L., 2018. "The Supermultiplier-Cum-Finance. Economic Limits of a Credit Driven System," Centro Sraffa Working Papers CSWP32, Centro di Ricerche e Documentazione "Piero Sraffa".
• Martín, Alberto & Moral-Benito, Enrique & Schmitz, Tom, 2019. "The Financial Transmission of Housing Booms: Evidence from Spain," CEPR Discussion Papers 12999, C.E.P.R. Discussion Papers.
• Gerlach, Stefan & Stuart, Rebecca, 2018. "The Slope of the Term Structure and Recessions: The Pre-Fed Evidence, 1857-1913," CEPR Discussion Papers 13013, C.E.P.R. Discussion Papers.
• Christina Christou & Ruthira Naraidoo & Rangan Gupta, 2018. "Conventional and Unconventional Monetary Policy Reaction to Uncertainty in Advanced Economies: Evidence from Quantile Regressions," Working Papers 201839, University of Pretoria, Department of Economics.
• Gilles Dufrenot & Meryem Rhouzlane, 2018. "Secular Stagnation: New Challenges for the Industrialized Countries in the 21st Century," AMSE Working Papers 1818, Aix-Marseille School of Economics, France.
• Kobielarz, Michal, 2018. "The economics of monetary unions," Other publications TiSEM b0293536-68ec-4905-bffd-6, Tilburg University, School of Economics and Management.
• Bernd Hayo & Edith Neuenkirch, 2018. "Survey on Germans’ Attitudes Towards and Knowledge of Monetary Policy Issues: Documentation of Survey Methodology and Descriptive Results," MAGKS Papers on Economics 201821, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Ben Fung & Scott Hendry & Warren E. Weber, 2018. "Swedish Riksbank Notes and Enskilda Bank Notes: Lessons for Digital Currencies," Staff Working Papers 18-27, Bank of Canada.
• Luke Petach & Daniele Tavani, 2018. "Income shares, secular stagnation, and the long-run distribution of wealth," FMM Working Paper 25-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Ellis W. Tallman & Saeed Zaman, 2018. "Combining Survey Long-Run Forecasts and Nowcasts with BVAR Forecasts Using Relative Entropy," Working Papers (Old Series) 1809, Federal Reserve Bank of Cleveland.
• Argentiero, Amedeo & Cerqueti, Roy & Sabatini, Fabio, 2018. "Does social capital explain the Solow residual? A DSGE approach," MPRA Paper 87100, University Library of Munich, Germany.
• Michael Bordo, Klodiana Istrefi, 2018. "Perceived FOMC: The Making of Hawks, Doves and Swingers," Working papers 683, Banque de France.
• Richard Disney & Helen Miller & Thomas Pope, 2018. "Firm-level investment spikes and aggregate investment over the Great Recession," IFS Working Papers W18/03, Institute for Fiscal Studies.
• Mariacristina De Nardi & Giulio Fella & Gonzalo Paz-Pardo, 2018. "Nonlinear household earnings dynamics, self-insurance, and welfare," Discussion Papers 1817, Centre for Macroeconomics (CFM).
• Alessio Ciarlone & Andrea Colabella, 2018. "Asset price volatility in EU-6 economies: how large is the role played by the ECB?," Temi di discussione (Economic working papers) 1175, Bank of Italy, Economic Research and International Relations Area.
• Daniel Baquero & Manuel Gonzalez-Astudillo, 2018. "A Nowcasting Model for the Growth Rate of Real GDP of Ecuador : Implementing a Time-Varying Intercept," Finance and Economics Discussion Series 2018-044, Board of Governors of the Federal Reserve System (U.S.).
• Ho Thuy Ai & Ping, Lin, 2018. "Impacts of fiscal policy on economic growth: Another look from institutional perspective," Economics Discussion Papers 2018-45, Kiel Institute for the World Economy (IfW Kiel).
• Aleksandar Vasilev, 2018. "A Business-cycle-model with Monopolistically-competitive Firms and Calvo Wages: The Case of Bulgaria after the Introduction of the Currency Board (1999-2016)," Bulgarian Economic Papers bep-2018-07, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Jul 2018.
• Benjamin W. Pugsley & Peter Sedlacek & Vincent Sterk, 2018. "The Nature of Firm Growth," Working Papers 18-30, Center for Economic Studies, U.S. Census Bureau.
• Won Jun Nah & Marc Lavoie, 2018. "The role of autonomous demand growth in a neo-Kaleckian conflicting-claims framework," FMM Working Paper 22-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Joshua C.C. Chan & Eric Eisenstat, 2018. "Comparing hybrid time-varying parameter VARs," CAMA Working Papers 2018-31, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ba M. Chu & Kim Huynh & David T. Jacho-Chávez & Oleksiy Kryvtsov, 2018. "On the Evolution of the United Kingdom Price Distributions," Staff Working Papers 18-25, Bank of Canada.
• Tullio Jappelli & Luigi Pistaferri, 2018. "Reported MPC and Unobserved Heterogeneity," CSEF Working Papers 505, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
• Raputsoane, Leroi, 2018. "Quantifying economic recovery from the recent global financial crisis," MPRA Paper 87410, University Library of Munich, Germany.
• Giovanni Caggiano & Efrem Castelnuovo & Juan Manuel Figueres, 2018. "Economic Policy Uncertainty Spillovers in Booms and Busts," CESifo Working Paper Series 7086, CESifo.
• Bo Zhang & Joshua C.C. Chan & Jamie L. Cross, 2018. "Stochastic volatility models with ARMA innovations: An application to G7 inflation forecasts," CAMA Working Papers 2018-32, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Andri Chassamboulli & Pedro Gomes, 2018. "Meritocracy, Public-Sector Pay and Human Capital Accumulation," University of Cyprus Working Papers in Economics 08-2018, University of Cyprus Department of Economics.
• Favero, Carlo A. & Briganti, Edoardo & Karamysheva, Madina, 2018. "The Network Effects of Fiscal Adjustments," CEPR Discussion Papers 13017, C.E.P.R. Discussion Papers.
• Christine de la Maisonneuve & Hedi Larbi & Raja Dridi, 2018. "Vers une croissance plus inclusive en Tunisie," OECD Economics Department Working Papers 1486, OECD Publishing.
• Angelini, Giovanni & Costantini, Mauro & Easaw, Joshy, 2018. "Uncertainty and spillover effects across the Euro area," Cardiff Economics Working Papers E2018/15, Cardiff University, Cardiff Business School, Economics Section.
• Huber, Joseph, 2017. "Geldsicherheit und stabilere Finanzen durch Vollgeld," IBF Paper Series 17-17, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
• Buch, Claudia M. & Bussiere, Matthieu & Goldberg, Linda & Hills, Robert, 2018. "The international transmission of monetary policy," Discussion Papers 16/2018, Deutsche Bundesbank.
• Giovanni Caggiano & Efrem Castelnuovo & Olivier Damette & Antoine Parent & Giovanni Pellegrino, 2018. "Liquidity Traps and Large-Scale Financial Crises," CESifo Working Paper Series 7096, CESifo.
• Satoshi URASAWA, 2017. "Structural Change and Business Cycle Fluctuations in Japan: Revisiting the Stylized Facts," ESRI Discussion paper series 341, Economic and Social Research Institute (ESRI).
• Mark Setterfield & Yun K. Kim, 2018. "Varieties of Capitalism, Increasing Income Inequality, and the Sustainability of Long-Run Growth," Working Papers 1806, New School for Social Research, Department of Economics.
• Michaelis Nikiforos, 2018. "Distribution-led growth through methodological lenses," FMM Working Paper 24-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Colonnello, Stefano & Curatola, Giuliano & Gioffré, Alessandro, 2018. "Pricing sin stocks: Ethical preference vs. risk aversion," SAFE Working Paper Series 216, Leibniz Institute for Financial Research SAFE.
• Afonso-Rodríguez, Julio A. & Santana-Gallego, María, 2018. "Time-varying cointegrating regression analysis with an application to the long-run interest rate pass-through in the Euro Area," Working Papers 18-01, Asociación Española de Economía y Finanzas Internacionales.
• Bachmann, Ronald & Cim, Merve & Green, Colin P., 2018. "Long-Run Patterns of Labour Market Polarisation: Evidence from German Micro Data," IZA Discussion Papers 11570, Institute of Labor Economics (IZA).
• Laun, Tobias & Markussen, Simen & Vigtel, Trond Christian & Wallenius, Johanna, 2018. "Health, Longevity and Pension Reform," Working Paper Series 2018:9, Uppsala University, Department of Economics.
• Chen, Li-Shiun & Wang, Ping & Yao, Yao, 2018. "Power of personalized smoking cessation: A unified lifecycle framework for policy evaluation," Working Paper Series 7074, Victoria University of Wellington, School of Economics and Finance.
• Daniel Jeongdae Lee & Jose Antonio Pedrosa-Garcia & Kiatkanid Pongpanich, 2018. "Securing financial stability through macroprudential measures," MPDD Policy Briefs PB64, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
• Marie-Hélène Felt, 2018. "A Look Inside the Box: Combining Aggregate and Marginal Distributions to Identify Joint Distributions," Staff Working Papers 18-29, Bank of Canada.
• Andrew Atkeson & Adrien D'Avernas & Andrea L. Eisfeldt & Pierre-Olivier Weill, 2018. "Government Guarantees and the Valuation of American Banks," Staff Report 567, Federal Reserve Bank of Minneapolis.
• Arora, Vipin, 2018. "Natural Gas and the US Economy: Some Preliminary Rules of Thumb," MPRA Paper 87279, University Library of Munich, Germany.
• Takahiro Hattori, 2017. "Does swap-covered interest parity hold in long-term capital markets after the financial crisis?," Discussion papers ron293, Policy Research Institute, Ministry of Finance Japan.
• Thomas Palley, 2018. "Unemployment and growth," FMM Working Paper 21-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Yoshino, Naoyuki & Taghizadeh-Hesary, Farhad & Nili, Farhad, 2017. "Fair Premium Rate of the Deposit Insurance System based on Banks’ Creditworthiness," ADBI Working Papers 757, Asian Development Bank Institute.
• Raphael Corbi & Elias Papaioannou, Paolo Surico, 2018. "Regional Transfer Multipliers," Working Papers, Department of Economics 2018_12, University of São Paulo (FEA-USP).
• Rampini, Adriano A., 2018. "Financing Durable Assets," CEPR Discussion Papers 12997, C.E.P.R. Discussion Papers.
• Anmol Bhandari & Serdar Birinci & Ellen R. McGrattan & Kurt See, 2018. "What Do Survey Data Tell Us about U.S. Businesses?," Staff Report 568, Federal Reserve Bank of Minneapolis.
• Baqaee, David Rezza & Farhi, Emmanuel, 2018. "Macroeconomics with Heterogeneous Agents and Input-Output Networks," CEPR Discussion Papers 13006, C.E.P.R. Discussion Papers.
• Elisabeth Pröhl, 2017. "Approximating Equilibria with Ex-Post Heterogeneity and Aggregate Risk," Swiss Finance Institute Research Paper Series 17-63, Swiss Finance Institute, revised Jan 2018.
• Yoshino, Naoyuki & Taghizadeh-Hesary, Farhad, 2017. "Alternatives to Bank Finance: Role of Carbon Tax and Hometown Investment Trust Funds in Developing Green Energy Projects in Asia," ADBI Working Papers 761, Asian Development Bank Institute.
• Antoine Goujard & Pierre Guérin, 2018. "Financing innovative business investment in Poland," OECD Economics Department Working Papers 1480, OECD Publishing.
• Taghizadeh-Hesary, Farhad & Rasoulinezhad, Ehsan & Yoshino, Naoyuki, 2017. "Trade Linkages and Transmission of Oil Price Fluctuations in a Model Incorporating Monetary Variables," ADBI Working Papers 777, Asian Development Bank Institute.
• Alberto Troccoli, 2018. "Effect of Climate and Geography on worldwide fine resolution economic activity," Papers 1806.06358, arXiv.org, revised Jan 2019.
• Peter J Kunzel & Phil De Imus & Edward R Gemayel & Risto Herrala & Alexei P Kireyev & Farid Talishli, 2018. "Opening Up in the Caucasus and Central Asia; Policy Frameworks to Support Regional and Global Integration," IMF Departmental Papers / Policy Papers 18/07, International Monetary Fund.
• Julien Acalin, 2018. "Growth-indexed Bonds and Debt Distribution: Theoretical Benefits and Practical Limits," Working Paper Series WP18-7, Peterson Institute for International Economics.
• Jose A. Lopez & Andrew K. Rose & Mark M. Spiegel, 2018. "Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence," Working Paper Series 2018-7, Federal Reserve Bank of San Francisco.
• Rose, Andrew & Spiegel, Mark & Lopez, Jose A., 2018. "Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence," CEPR Discussion Papers 13010, C.E.P.R. Discussion Papers.
• Giorgio Canarella & Luis A. Gil-Alana & Rangan Gupta & Stephen M. Miller, 2018. "Persistence and Cyclical Dynamics of US and UK House Prices: Evidence from Over 150 Years of Data," Working Papers 201838, University of Pretoria, Department of Economics.
• Sushant Acharya & Shu Lin Wee, 2018. "Replacement hiring and the productivity-wage gap," Staff Reports 860, Federal Reserve Bank of New York.
• Mark Gradstein & Michael Kaganovich, 2018. "Legislative Restraint in Corporate Bailout Design," CESifo Working Paper Series 7076, CESifo.
• Yvan Guillemette & David Turner, 2018. "The Long View: Scenarios for the World Economy to 2060," OECD Economic Policy Papers 22, OECD Publishing.
• Serhan Cevik & Guohua Huang, 2018. "How to Manage the Fiscal Costs of Natural Disasters," IMF Fiscal Affairs Department HTN 18/03, International Monetary Fund.
• Mariolis, Theodore & Leriou, Eirini & Soklis, George, 2018. "Dissecting the Input-Output Structure of the Greek Economy," MPRA Paper 87578, University Library of Munich, Germany.
• Lutz Hendricks & Christopher Herrington & Todd Schoellman, 2018. "College Access and Attendance Patterns: A Long-Run View," Opportunity and Inclusive Growth Institute Working Papers 10, Federal Reserve Bank of Minneapolis.