Report NEP-MAC-2018-07-30

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:

• Sanjay K. Chugh & Wolfgang Lechthaler & Christian Merkl, 2018. "Optimal Fiscal Policy with Labor Selection," CESifo Working Paper Series 7120, CESifo.
• Thore Schlaak & Malte Rieth & Maximilian Podstawski, 2018. "Monetary Policy, External Instruments and Heteroskedasticity," Discussion Papers of DIW Berlin 1749, DIW Berlin, German Institute for Economic Research.
• Ricardo Caballero & Alp Simsek, 2018. "A risk-centric model of demand recessions and macroprudential policy," BIS Working Papers 733, Bank for International Settlements.
• Reich, Jens, 2017. "A new theory of optimal inflation," MPRA Paper 87188, University Library of Munich, Germany.
• De Rezende, Rafael B. & Ristiniemi, Annukka, 2018. "A shadow rate without a lower bound constraint," Working Paper Series 355, Sveriges Riksbank (Central Bank of Sweden).
• Feng Dong & Yi Wen, 2018. "Long and Plosser Meet Bewley and Lucas," Working Papers 2018-8, Federal Reserve Bank of St. Louis.
• Russell Barnett & Konrad Zmitrowicz, 2018. "Assessing the Impact of Demand Shocks on the US Term Premium," Discussion Papers 18-7, Bank of Canada.
• Yuto Iwasaki & Ichiro Muto & Mototsugu Shintani, 2018. "Missing Wage Inflation? Estimating the Natural Rate of Unemployment in a Nonlinear DSGE Model," IMES Discussion Paper Series 18-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
• Alexey Vasilenko, 2018. "Should Central Banks Prick Asset Price Bubbles? An Analysis Based on a Financial Accelerator Model with an Agent-Based Financial Market," Bank of Russia Working Paper Series wps35, Bank of Russia.
• Patrick A. Pintus & Yi Wen & Xiaochuan Xing, 2018. "International Credit Markets and Global Business Cycles," Working Papers 2018-9, Federal Reserve Bank of St. Louis.
• Svensson, Lars E.O., 2018. "Monetary Policy and Macroprudential Policy: Different and Separate?," CEPR Discussion Papers 13043, C.E.P.R. Discussion Papers.
• Monika Piazzesi & Martin Schneider, 2018. "Payments, credit and asset prices," BIS Working Papers 734, Bank for International Settlements.
• Chugh, Sanjay K. & Lechthaler, Wolfgang & Merkl, Christian, 2018. "Optimal Fiscal Policy with Labor Selection," IZA Discussion Papers 11600, Institute of Labor Economics (IZA).
• Arina Wischnewsky & Matthias Neuenkirch, 2018. "Shadow Banks and the Risk-Taking Channel of Monetary Policy Transmission in the Euro Area," CESifo Working Paper Series 7118, CESifo.
• Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2018. "Rules-Based Monetary Policy and the Threat of Indeterminacy When Trend Inflation is Low," Carleton Economic Papers 18-08, Carleton University, Department of Economics, revised 08 Mar 2019.
• Klaus Adam & Henning Weber, 2018. "Optimal Trend Inflation," IMES Discussion Paper Series 18-E-07, Institute for Monetary and Economic Studies, Bank of Japan.
• Jan Stráský & Guillaume Claveres, 2018. "Stabilisation policies to strengthen Euro area resilience," OECD Economics Department Working Papers 1492, OECD Publishing.
• Sun, Rongrong, 2018. "Monetary Policy Announcements and Market Interest Rates’ Response: Evidence from China," MPRA Paper 87703, University Library of Munich, Germany.
• Elena Deryugina & Alexey Ponomarenko & Anna Rozhkova, 2018. "When are credit gap estimates reliable?," Bank of Russia Working Paper Series wps34, Bank of Russia.
• Jonas E. Arias & Guido Ascari & Nicola Branzoli & Efrem Castelnuovo, 2018. "Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model," CESifo Working Paper Series 7122, CESifo.
• Lindé, Jesper & Trabandt, Mathias, 2017. "Should We Use Linearized Models To Calculate Fiscal Multipliers?," Working Paper Series 350, Sveriges Riksbank (Central Bank of Sweden).
• Christoph Bierbrauer, 2017. "Fiscal policy transmission in a non-Ricardian model of a monetary union," IEER Working Papers 109, Institute of Empirical Economic Research, Osnabrueck University.
• Giovanni Caggiano & Efrem Castelnuovo & Gabriela Nodari, 2018. "Risk management-driven policy rate gap," CAMA Working Papers 2018-34, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Engelbert Stockhammer & Robert Calvert Jump & Karsten Kohler & Julian Cavallero, 2018. "Short and medium term financial-real cycles: An empirical assessment," FMM Working Paper 29-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Susanto Basu & Brent Bundick, 2018. "Uncertainty Shocks in a Model of Effective Demand: Reply," Research Working Paper RWP 18-5, Federal Reserve Bank of Kansas City.
• Andreas Fagereng & Luigi Guiso & Davide Malacrino & Luigi Pistaferri, 2018. "Heterogeneity and Persistence in Returns to Wealth," CESifo Working Paper Series 7107, CESifo.
• Chin, Michael & Graeve, Ferre De & Filippeli, Thomai & Theodoridis, Konstantinos, 2018. "Understanding International Long-Term Interest Rate Comovement," Cardiff Economics Working Papers E2018/19, Cardiff University, Cardiff Business School, Economics Section.
• Richard Clarida, 2018. "The global factor in neutral policy rates: Some implications for exchange rates, monetary policy, and policy coordination," BIS Working Papers 732, Bank for International Settlements.
• Julian Kozlowski, 2017. "Long-Term Finance and Investment with Frictional Asset Markets," Working Papers 2018-12, Federal Reserve Bank of St. Louis.
• Giovanni Caggiano & Efrem Castelnuovo & Juan Manuel Figueres, 2018. "Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach," CESifo Working Paper Series 7105, CESifo.
• Corbo, Vesna & Di Casola, Paola, 2018. "Conditional exchange rate pass-through: evidence from Sweden," Working Paper Series 352, Sveriges Riksbank (Central Bank of Sweden).
• Pérez-Quirós, Gabriel & Fiorentini, Gabriele & Galesi, Alessandro & Sentana, Enrique, 2018. "The Rise and Fall of the Natural Interest Rate," CEPR Discussion Papers 13042, C.E.P.R. Discussion Papers.
• Anna Hamer-Adams & Martin Wong, 2018. "Quantifying fiscal multipliers in New Zealand: The evidence from SVAR models," Reserve Bank of New Zealand Analytical Notes series AN2018/05, Reserve Bank of New Zealand.
• Ampudia, Miguel & Georgarakos, Dimitris & Slacalek, Jiri & Tristani, Oreste & Vermeulen, Philip & Violante, Giovanni L., 2018. "Monetary policy and household inequality," Working Paper Series 2170, European Central Bank.
• Sun, Rongrong, 2018. "Requiem for the Interest-Rate Controls in China," MPRA Paper 87700, University Library of Munich, Germany.
• Christoph Bierbrauer, 2017. "National Fiscal Stimulus Packages And Consolidation Strategies In A Monetary Union," IEER Working Papers 110, Institute of Empirical Economic Research, Osnabrueck University.
• Olkhov, Victor, 2017. "Quantitative Description of Financial Transactions and Risks," MPRA Paper 87316, University Library of Munich, Germany.
• Sandström, Maria, 2018. "The impact of monetary policy on household borrowing - a high-frequency IV identification," Working Paper Series 351, Sveriges Riksbank (Central Bank of Sweden).
• Nyoni, Thabani, 2018. "Box-Jenkins ARIMA approach to predicting net FDI inflows in Zimbabwe," MPRA Paper 87737, University Library of Munich, Germany.
• Walentin, Karl & Westermark, Andreas, 2018. "Learning on the Job and the Cost of Business Cycles," Working Paper Series 353, Sveriges Riksbank (Central Bank of Sweden), revised 01 Jun 2018.
• Gerhard Sorger, 2018. "On the dynamics of stock price bubbles: comments on a model by Miao and Wang," Vienna Economics Papers 1803, University of Vienna, Department of Economics.
• Rehme, Günther, 2018. "On "rusting" money: Silvio Gesell's Schwundgeld reconsidered," Darmstadt Discussion Papers in Economics 233, Darmstadt University of Technology, Department of Law and Economics.
• Blanco-Arroyo, Omar & Ruiz-Buforn, Alba & Vidal-Tomás, David & Alfarano, Simone, 2018. "On the determination of the granular size of the economy," MPRA Paper 87599, University Library of Munich, Germany.
• Amberg, Niklas & Jacobson, Tor & von Schedvin , Erik, 2018. "Trade Credit and Pricing:An Empirical Evaluation," Working Paper Series 354, Sveriges Riksbank (Central Bank of Sweden).
• Kuo-Hsuan Chin & Xue Li, 2017. "Bayesian Forecast Combination in VAR-DSGE Models," Proceedings of International Academic Conferences 5408084, International Institute of Social and Economic Sciences.
• Alfredo Fuentes & Martha Delgado, 2017. "Contribución fiscal de la industria extractiva del carbón a las finanzas nacionales y territoriales: avances y retos para el departamento de La Guajira 2000-2016," Informes de Investigación 16393, Fedesarrollo.
• Agnes Benassy-Quere & Matthieu Bussière & Pauline Wibaux, 2018. "Trade and Currency Weapons," CESifo Working Paper Series 7112, CESifo.
• Oyvat, Cem & Öztunalı, Oğuz & Elgin, Ceyhun, 2018. "Wage-led vs. profit-led growth: a comprehensive empirical analysis," Greenwich Papers in Political Economy 20951, University of Greenwich, Greenwich Political Economy Research Centre.
• Burkhard Heer & Vito Polito & Michael Wickens & Michael R. Wickens, 2018. "Population Aging, Social Security and Fiscal Limits," CESifo Working Paper Series 7121, CESifo.
• Giuseppe Marotta, 2018. "Why choosing dominated personal pension plans: sales force and financial literacy effects," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0072, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
• Arlan Brucal & Michael J. Roberts, 2018. "Not All Regions Are Alike: Evaluating the Effect of Oil Price Shocks on Local and Aggregate Economies," Working Papers 201807, University of Hawaii at Manoa, Department of Economics.
• V. V. Chari & Juan Pablo Nicolini & Pedro Teles, 2018. "Optimal Capital Taxation Revisited," Working Papers 752, Federal Reserve Bank of Minneapolis.
• Turrell, Arthur & Speigner, Bradley & Djumalieva, Jyldyz & Copple, David & Thurgood, James, 2018. "Using job vacancies to understand the effects of labour market mismatch on UK output and productivity," Bank of England working papers 737, Bank of England.
• Cahuc, Pierre & Kramarz, Francis & Nevoux, Sandra, 2018. "When Short-Time Work Works," CEPR Discussion Papers 13041, C.E.P.R. Discussion Papers.
• Joanna Dzia?o & Beata Guziejewska, 2017. "Numerical fiscal rules: framework or barrier for public policymaking?," Proceedings of International Academic Conferences 5407329, International Institute of Social and Economic Sciences.
• Jean-Bernard Chatelain & Kirsten Ralf, 2017. "Can We Identify the Fed's Preferences?," Working Papers halshs-01549908, HAL.
• Michael Junho Lee, 2018. "Uncertain booms and fragility," Staff Reports 861, Federal Reserve Bank of New York.
• Andreas M. Fischer & Lucca Zachmann, 2018. "Do the rich pay their taxes early?," Working Papers 2018-08, Swiss National Bank.
• Kirti, Divya, 2018. "Lending standards and output growth," ESRB Working Paper Series 79, European Systemic Risk Board.
• Irena Raguž Krištić & Lucija Rogić Dumančić, 2018. "Product market integration in the Euro area," EFZG Working Papers Series 1804, Faculty of Economics and Business, University of Zagreb.
• Fatih Guvenen & Raymond J. Mataloni Jr. & Dylan G. Rassier & Kim J. Ruhl, 2018. "Offshore Profit Shifting and Domestic Productivity Measurement," Working Papers 751, Federal Reserve Bank of Minneapolis.
• Tetsuo Ono & Yuki Uchida, 2018. "Political Economy of Taxation, Debt Ceilings, and Growth," Discussion Papers in Economics and Business 18-22, Osaka University, Graduate School of Economics.
• Mughal, Khurrum & Schneider, Friedrich & Hayat, Zafar, 2018. "Shadow Economy in Pakistan: Its Size and Interaction with Official Economy," MPRA Paper 87812, University Library of Munich, Germany.
• Michael Woodford, 2018. "Monetary Policy Analysis when Planning Horizons are Finite," CESifo Working Paper Series 7108, CESifo.
• Esther Mirjam Girsberger & Miriam Rinawi & Matthias Krapf, 2018. "Wages and Employment: The Role of Occupational Skills," CESifo Working Paper Series 7114, CESifo.
• Girsberger, Esther Mirjam & Rinawi, Miriam & Krapf, Matthias, 2018. "Wages and Employment: The Role of Occupational Skills," IZA Discussion Papers 11586, Institute of Labor Economics (IZA).
• Angel Asensio, 2017. "A note on IYLM, ISLM and General Theory-compatible modelling," Working Papers halshs-01618276, HAL.
• Frédéric Ghersi, 2018. "Macroeconomic modelling of electrified mobility systems in 2030 European Union," Working Papers hal-01691740, HAL.
• Kavous Ardalan, 2017. "A Test of Two Open-Economy Theories: Oil Price Rise and the Netherlands," Proceedings of International Academic Conferences 5407612, International Institute of Social and Economic Sciences.
• Sven Steinkamp & Aaron Tornell & Frank Westermann, 2018. "Evergreening in the Euro Area: Facts and Explanation," IEER Working Papers 113, Institute of Empirical Economic Research, Osnabrueck University.
• McVicar, Duncan & Park, Andrew & McGuinness, Seamus, 2018. "Exploiting the Irish Border to Estimate Minimum Wage Impacts in Northern Ireland," IZA Discussion Papers 11585, Institute of Labor Economics (IZA).
• Alessandro Di Nola & Georgi Kocharkov & Almuth Scholl & Anna-Mariia Tkhir, 2018. "The Aggregate Consequences of Tax Evasion," Working Paper Series of the Department of Economics, University of Konstanz 2018-06, Department of Economics, University of Konstanz.
• Brad J. Hershbein & Lisa B. Kahn, "undated". "Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings," Upjohn Working Papers hk-18aer, W.E. Upjohn Institute for Employment Research.
• Gómez, Georgina M. & Dini, Paolo, 2016. "Making sense of a crank case: monetary diversity in Argentina (1999–2003)," LSE Research Online Documents on Economics 67120, London School of Economics and Political Science, LSE Library.
• Masaya Yasuoka, 2018. "Fertility, Income Growth and Inflation," Discussion Paper Series 182, School of Economics, Kwansei Gakuin University, revised Jul 2018.
• Eugenia Andreasen & Patricio Valenzuela, 2018. "Investment Opportunities and Corporate Credit Risk," Documentos de Trabajo 336, Centro de Economía Aplicada, Universidad de Chile.
• William Ginn & Marc Pourroy, 2018. "Optimal Monetary Policy in the Presence of Food Price Subsidies," Working Papers hal-01830769, HAL.
• Giuseppe Berlingieri & Sara Calligaris & Chiara Criscuolo, 2018. "The productivity-wage premium: does size still matter in a service economy?," CEP Discussion Papers dp1557, Centre for Economic Performance, LSE.
• María Angélica Arbeláez Restrepo & Alejandro Becerra, 2018. "Contribución de la Operación de Bavaria S.A. a la Economía Colombiana," Informes de Investigación 16402, Fedesarrollo.
• Jens H. E. Christensen & Jose A. Lopez & Paul Mussche, 2019. "Extrapolating Long-Maturity Bond Yields for Financial Risk Measurement," Working Paper Series 2018-9, Federal Reserve Bank of San Francisco.
• Diego Daruich & Julian Kozlowski, 2018. "Uniform Pricing Within and Across Regions: New Evidence from Argentina," Working Papers 2018-10, Federal Reserve Bank of St. Louis.
• Hippolyte d'Albis & Ekrame Boubtane & Dramane Coulibaly, 2018. "Macroeconomic evidence suggests that asylum seekers are not a “burden” for Western European countries," PSE Working Papers halshs-01821515, HAL.
• -, 2018. "U.S. Economic Outlook. Quarterly developments," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 43745, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
• Konstantakis, Konstantinos N. & Michaelides, Panayotis G., 2017. "Does technology cause business cycles in the USA? A Schumpeter-inspired approach," LSE Research Online Documents on Economics 80760, London School of Economics and Political Science, LSE Library.
• Trofimov, Ivan D., 2018. "Income terms of trade and economic convergence: Evidence from Latin America," MPRA Paper 87598, University Library of Munich, Germany.
• Stancu, Ion & Panait, Iulian, 2016. "Indicele de Stabilitate Financiară estimat de către Institutul de Studii Financiare
  [Financial Stability Index estimated by the Institute of Financial Studies]," MPRA Paper 87371, University Library of Munich, Germany.
• Hess T. Chung & Cynthia L. Doniger & Cristina Fuentes-Albero & Bernd Schlusche & Wei Zheng, 2018. "Simulating the Macroeconomic Effects of Unconventional Monetary Policies," FEDS Notes 2018-07-20, Board of Governors of the Federal Reserve System (U.S.).
• Andrew Phiri, 2018. "Nonlinear Relationship between Exchange Rate Volatility and Economic Growth," EERI Research Paper Series EERI RP 2018/08, Economics and Econometrics Research Institute (EERI), Brussels.
• Nicola Acocella & Paolo Pasimeni, 2018. "The "uncovered inflation rate parity" condition in a monetary union," FMM Working Paper 28-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Ignacio Lozano-Espitia & Fernando Arias-Rodríguez, 2018. "Curvas Laffer de la Tributación en Colombia," Borradores de Economia 1045, Banco de la Republica de Colombia.
• Mujahidin, Muhamad, 2018. "Ibn Khaldun's Economic Thought," MPRA Paper 87192, University Library of Munich, Germany, revised 06 Apr 2018.
• Alex Cukierman & Thomas Lustenberger, 2018. "International Evidence on Professional Interest Rate Forecasts: The Impact of Forecasting Ability," Working Papers 2018-10, Swiss National Bank.
• Juan Pablo Navarrete Ruiz, 2018. "El agente representativo: ¿supuesto fuerte y equívoco u opción reductora de dificultades analíticas para el estudio macroeconómico?," Econógrafos, Escuela de Economía 16423, Universidad Nacional de Colombia, FCE, CID.