Report NEP-MAC-2018-09-17

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:

• Carlos Esteban Posada, 2018. "Efectos de reducir el impuesto a la ganancia (equilibrio parcial versus equilibrio general)," Documentos de Trabajo de Valor Público 16594, Universidad EAFIT.
• Afolabi, Joseph Olarewaju & Atolagbe, Oluwafemi, 2018. "Empirical analysis of fiscal dominance and the conduct of monetary policy in Nigeria," MPRA Paper 88786, University Library of Munich, Germany.
• Al-Jarhi, Mabid, 2017. "Islamic Finance at Crossroads," MPRA Paper 88555, University Library of Munich, Germany, revised Aug 2018.
• Didem Tuzemen & Willem Van Zandweghe, 2018. "The Cyclical Behavior of Labor Force Participation," Research Working Paper RWP 18-8, Federal Reserve Bank of Kansas City.
• Kumhof, Michael & Wang, Xuan, 2018. "Banks, money and the zero lower bound on deposit rates," Bank of England working papers 752, Bank of England, revised 19 Nov 2020.
• Olkhov, Victor, 2018. "Economic Transactions Govern Business Cycles," MPRA Paper 88531, University Library of Munich, Germany, revised 19 Aug 2018.
• RABAH BELABBAS & rabia bellatreche & talal zaghba, 2018. "Analysis of Unemployment Determinants in North Africa Countries, à Panel Data co-integration Approach," Proceedings of International Academic Conferences 7208996, International Institute of Social and Economic Sciences.
• Marek Dabrowski & Lukasz Janikowski, 2018. "Virtual currencies and their potential impact on financial markets and monetary policy," CASE Reports 0495, CASE-Center for Social and Economic Research.
• Julien Bengui & Javier Bianchi, 2018. "Macroprudential Policy with Leakages," Working Papers 754, Federal Reserve Bank of Minneapolis.
• CHOI, Jay Pil & FURUSAWA, Taiji, 2018. "Transfer Pricing and the Arm's Length Principle under Imperfect Competition," Discussion paper series HIAS-E-73, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
• Herwartz, Helmut & Maxand, Simone & Rohloff, Hannes, 2018. "Lean against the wind or float with the storm? Revisiting the monetary policy asset price nexus by means of a novel statistical identification approach," University of Göttingen Working Papers in Economics 354, University of Goettingen, Department of Economics.
• Thomasius, Sebastian, 2018. "Closing ranks between prevention and management of systemic crises: A proposal to couple the ESRB with the ESM," Discussion Papers 2018/14, Free University Berlin, School of Business & Economics.
• Pedro Bordalo & Nicola Gennaioli & Yueran Ma & Andrei Shleifer, 2018. "Over-reaction in Macroeconomic Expectations," NBER Working Papers 24932, National Bureau of Economic Research, Inc.
• International Monetary Fund, 2018. "South Africa; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa," IMF Staff Country Reports 18/246, International Monetary Fund.
• Oscar Bajo-Rubio & Burcu Berke & Vicente Esteve, 2018. "Fiscal policy and the real exchange rate: Some evidence from Spain," Working Papers 1810, Department of Applied Economics II, Universidad de Valencia.
• Kamiar Mohaddes & Jeffrey B. Nugent & Hoda Selim, 2018. "Reforming fiscal institutions in resource-rich Arab economies: Policy proposals," CAMA Working Papers 2018-41, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Masolo, Riccardo & Winant, Pablo, 2018. "The stochastic lower bound," Bank of England working papers 754, Bank of England.
• Ndeye Penda Sokhna & Lionel Ragot & Xavier Chojnicki, 2018. "The fiscal impact of 30 years of immigration in France: an accounting approach," EconomiX Working Papers 2018-36, University of Paris Nanterre, EconomiX.
• Irigoin, Alejandra, 2018. "Global silver: bullion or specie? Supply and demand in the making of the early modern global economy," Economic History Working Papers 90190, London School of Economics and Political Science, Department of Economic History.
• Smietanka, Pawel & Bloom, Nicholas & Mizen, Paul, 2018. "Business investment, cash holding and uncertainty since the Great Financial Crisis," Bank of England working papers 753, Bank of England.
• International Monetary Fund, 2018. "Brazil; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil," IMF Staff Country Reports 18/253, International Monetary Fund.
• M.Emranul Haque & Paul Middleditch & Shuonan Zhang, 2018. "Financial development and innovation: A DSGE comparison of Chinese and US business cycles," Centre for Growth and Business Cycle Research Discussion Paper Series 244, Economics, The University of Manchester.
• George-Marios Angeletos & Chen Lian, 2018. "On the Propagation of Demand Shocks," 2018 Meeting Papers 372, Society for Economic Dynamics.
• Marta Lachowska & Michal Myck, "undated". "The Effect of Public Pension Wealth on Saving and Expenditure," Upjohn Working Papers ml18, W.E. Upjohn Institute for Employment Research.
• Rongrong Sun, 2018. "Requiem for the Interest-Rate Controls in China," CFDS Discussion Paper Series 2018/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
• Stephanie Schmitt-Grohe, Martin Uribe, 2018. "Multiple Equilibria in Open Economy Models with Collateral Constraints: Overborrowing Revisited," NCID Working Papers 03/2018, Navarra Center for International Development, University of Navarra.
• International Monetary Fund, 2018. "Hungary; 2018 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 18/252, International Monetary Fund.
• Pierre Cahuc & Francis Kramarz & Sandra Nevoux, 2018. "When Short-Time Work Works," Working papers 692, Banque de France.
• Alisdair McKay & Ricardo Reis, 2018. "Countercyclical fiscal policy in a low r∗ world," 2018 Meeting Papers 621, Society for Economic Dynamics.
• Rohan Kekre & Moritz Lenel, 2018. "Macroeconomic policy and the price of risk," 2018 Meeting Papers 617, Society for Economic Dynamics.
• International Monetary Fund, 2018. "Greece; 2018 Article IV Consultation and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Greece," IMF Staff Country Reports 18/248, International Monetary Fund.
• Andersson, Fredrik N.G., 2018. "Estimates of the Inflation Effect of a Global Carbon Price on Consumer, Investment, Export, and Import Prices," Working Papers 2018:22, Lund University, Department of Economics.
• Céline Piton, 2018. "The unemployment impact of product and labour market regulation: Evidence from European countries," Working Paper Research 343, National Bank of Belgium.
• Adrien Bilal & Esteban Rossi-Hansberg, 2018. "Location as an Asset," Opportunity and Inclusive Growth Institute Working Papers 12, Federal Reserve Bank of Minneapolis.
• Adrien Auclert & Kurt Mitman, 2018. "Bankruptcy and Aggregate Demand," 2018 Meeting Papers 1085, Society for Economic Dynamics.
• N. Melisa Bilgin & Kamil Yilmaz, 2018. "Producer Price Inflation Connectedness and Input-Output Networks," Koç University-TUSIAD Economic Research Forum Working Papers 1813, Koc University-TUSIAD Economic Research Forum.
• International Monetary Fund, 2018. "India; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India," IMF Staff Country Reports 18/254, International Monetary Fund.
• International Monetary Fund, 2018. "Singapore; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore," IMF Staff Country Reports 18/245, International Monetary Fund.
• Joanna Tyrowicz & Krzysztof Makarsk & Marcin Bielecki, 2018. "Inequality in an OLG economy with heterogeneous cohorts and pension systems," IAAEU Discussion Papers 201808, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
• George Bratsiotis, 2018. "Credit Risk, Excess Reserves and Monetary Policy: The Deposits Channel," Centre for Growth and Business Cycle Research Discussion Paper Series 243, Economics, The University of Manchester.
• Blattner, Laura & Farinha, Luisa & Rebelo, Francisco, 2018. "When Losses Turn into Loans: The Cost of Undercapitalized Banks," Research Papers 3688, Stanford University, Graduate School of Business.
• Kazeem B. Ajide & Ibrahim D. Raheem & Simplice A. Asongu, 2018. "Dollarization and the “Unbundling” of Globalization in sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 18/034, African Governance and Development Institute..
• Manzano, Carolina & Vives, Xavier, 2017. "Market Power and Welfare in Asymmetric Divisible Good Auctions," IESE Research Papers D/1162, IESE Business School.
• Jang-Ting Guo & Dustin Chambers, 2018. "Employment and Output Effects of Federal Regulations on Small Business," Working Papers 201813, University of California at Riverside, Department of Economics.
• Toshihiro Okada, 2018. "International R&D Spillovers, Innovation by Learning from Abroad and Medium-Run Fluctuations," Discussion Paper Series 183, School of Economics, Kwansei Gakuin University.
• Sandra García- Uribe, 2018. "The effects of tax changes on economic activity: a narrative approach to frequent anticipations," Working Papers 1828, Banco de España.
• Döhrn, Roland, 2018. "Revisionen der Volkswirtschaftlichen Gesamtrechnungen: Revisionspraxis des Statistischen Bundesamtes und ihre Auswirkungen auf Prognosen," RWI Materialien 127, RWI - Leibniz-Institut für Wirtschaftsforschung.
• Gunes, Pinar Mine & Ural Marchand, Beyza, 2018. "Macroeconomic Conditions and Child Schooling in Turkey," IZA Discussion Papers 11686, Institute of Labor Economics (IZA).
• Agustin L. Arcenas, 2018. "Determining the Inflationary Effects of El Niño and La Niña in the Philippines," UP School of Economics Discussion Papers 201802, University of the Philippines School of Economics.
• Xu Zhang, 2018. "Evaluating the Effects of Forward Guidance and Large-scale Asset Purchases," 2018 Meeting Papers 894, Society for Economic Dynamics.
• Den Haan, Wouter & Drechsel, Thomas, 2018. "Agnostic Structural Disturbances (ASDs): Detecting and Reducing Misspecification in Empirical Macroeconomic Models," CEPR Discussion Papers 13145, C.E.P.R. Discussion Papers.
• Pavel Kapinos, 2018. "Monetary Policy News and Systemic Risk at the Zero Lower Bound," 2018 Meeting Papers 1052, Society for Economic Dynamics.
• Mark Bognanni, 2018. "A Class of Time-Varying Parameter Structural VARs for Inference under Exact or Set Identification," Working Papers (Old Series) 1811, Federal Reserve Bank of Cleveland.
• Klaus Adam & Henning Weber, 2018. "Optimal Trend Inflation," 2018 Meeting Papers 782, Society for Economic Dynamics.
• Eita, Joel Hinaunye & Manuel, Victoria & Naimhwaka, Erwin, 2018. "Macroeconomic variables and current account balance in Namibia," MPRA Paper 88818, University Library of Munich, Germany, revised 05 May 2018.
• Sasa Drezgic, 2018. "Subnational government investment and dynamic fiscal rules," Proceedings of International Academic Conferences 6409411, International Institute of Social and Economic Sciences.
• International Monetary Fund, 2018. "Democratic Republic of São Tomé and Princípe; 2018 Article IV Consultation, Fifth Review Under the Extended Credit Facility Arrangement, Request for Waivers for Nonobservance of Performance Criteria, ," IMF Staff Country Reports 18/251, International Monetary Fund.
• Neil Mehrotra, 2018. "Debt Sustainability in a Low Interest Rate World," 2018 Meeting Papers 285, Society for Economic Dynamics.
• Jed Armstrong & Hayden Skilling & Fang Yao, 2018. "Loan-to-Value Ratio Restrictions and House Prices," Reserve Bank of New Zealand Discussion Paper Series DP2018/05, Reserve Bank of New Zealand.
• Stephan Imhof & Cyril Monnet & Shengxing Zhang, 2018. "The Risk-Taking Channel of Liquidity Regulations and Monetary Policy," Working Papers 2018-13, Swiss National Bank.
• Nils Mattis Gornemann, 2018. "HANK meets Ramsey: Optimal Coordination of Monetary and Labor Market Policies," 2018 Meeting Papers 1252, Society for Economic Dynamics.
• UNAYAMA Takashi & OHNO Taro, 2018. "Household Savings Rate in National Accounts and Household Surveys in Japan (Japanese)," Discussion Papers (Japanese) 18024, Research Institute of Economy, Trade and Industry (RIETI).
• Mariam Camarero & Gaetano D’Adamo & Cecilio Tamarit, 2018. "Differences in wage determination in the Eurozone," Working Papers 1811, Department of Applied Economics II, Universidad de Valencia.
• Jon Jellema & Caroline Tassot, 2018. "Analyse de l’impact des politiques fiscales et de protection sociale sur les inégalités et la pauvreté au Togo," OECD Development Policy Papers 12, OECD Publishing.
• André Sapir, 2018. "High public debt in euro-area countries- comparing Belgium and Italy," Policy Contributions 27205, Bruegel.
• Ryan Chahrour & Robert Ulbricht, 2018. "Information-driven Business Cycles: A Primal Approach," 2018 Meeting Papers 240, Society for Economic Dynamics.
• Christian Bayer & Moritz Kuhn, 2018. "Which Ladder to Climb? Wages of Workers by Job, Plant, and Education," Opportunity and Inclusive Growth Institute Working Papers 15, Federal Reserve Bank of Minneapolis.
• Zheng Li & Jorge Martinez-Vazquez, 2018. "Fiscal Decentralization and Interregional Capital Misallocation: Evidence from China," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1816, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
• Charles W. Calomiris & Sophia Chen, 2018. "The Spread of Deposit Insurance and the Global Rise in Bank Asset Risk since the 1970s," NBER Working Papers 24936, National Bureau of Economic Research, Inc.
• Joshua Hausman & Johannes Wieland & Paul Rhode, 2018. "Farm Prices, Redistribution, and the Severity of the Early Great Depression," 2018 Meeting Papers 828, Society for Economic Dynamics.
• Andrea Barón & Gerardo Licandro & Miguel Mello & Pablo Picardo, 2017. "Moneda de facturación de las empresas uruguayas," Documentos de trabajo 2017003, Banco Central del Uruguay.
• Luca Fornaro, 2018. "The Paradox of Global Thrift," 2018 Meeting Papers 209, Society for Economic Dynamics.
• Stefania Albanesi & Jaromir Nosal, 2018. "Insolvency After the 2005 Bankruptcy Reform," NBER Working Papers 24934, National Bureau of Economic Research, Inc.
• Feld, Lars P., 2018. "The quest for fiscal rules," Freiburg Discussion Papers on Constitutional Economics 18/09, Walter Eucken Institut e.V..
• Karam Shaar & Fang Yao, 2018. "Housing Leverage and Consumption Expenditure - Evidence from New Zealand Microdata," Reserve Bank of New Zealand Discussion Paper Series DP2018/06, Reserve Bank of New Zealand.
• Ross Doppelt & Keith O'Hara, 2018. "Bayesian Estimation of Fractionally Integrated Vector Autoregressions and an Application to Identified Technology Shocks," 2018 Meeting Papers 1212, Society for Economic Dynamics.
• KLIMAVICIUTE Jutina, & ONDER Harun, & PESTIEAU, Pierre,, 2018. "The inherited inequality: How demographic aging and pension reforms can change the intergenerational transmission of wealth," LIDAM Discussion Papers CORE 2018008, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
• John Adebayo Oloyede & Toyin Otapo & Toyin Otapo, 2018. "Test Of Exchange Market Efficiency In Nigeria," Proceedings of International Academic Conferences 7209632, International Institute of Social and Economic Sciences.
• Eduardo Davila & Thomas Philippon, 2018. "Incompleteness Shocks," 2018 Meeting Papers 109, Society for Economic Dynamics.
• Johannes Boehm & Ezra Oberfield, 2018. "Misallocation in the Market for Inputs: Enforcement and the Organization of Production," NBER Working Papers 24937, National Bureau of Economic Research, Inc.
• Edouard Challe, 2018. "Uninsured Unemployment Risk and Optimal Monetary Policy," 2018 Meeting Papers 9, Society for Economic Dynamics.
• Javier Turen, 2018. "Rational Inattention-driven dispersion over the business cycle," 2018 Meeting Papers 796, Society for Economic Dynamics.
• Judit Kapas, 2018. "Different Cultural Layers: Different Effects on Development?," Proceedings of International Academic Conferences 6408999, International Institute of Social and Economic Sciences.
• Marcin Dec, 2018. "Markovian and multi-curve friendly parametrisation of HJM model used in valuation adjustment of interest rate derivatives," KAE Working Papers 2018-038, Warsaw School of Economics, Collegium of Economic Analysis.
• Maria Tsafa-Karakatsanidou & Stilianos Fountas, 2018. "Testing for Inflation Convergence among European Union Countries:A Panel Approach," Discussion Paper Series 2018_09, Department of Economics, University of Macedonia, revised Sep 2018.
• Thomas, Margo & Córdova-Novion, César & de Haan, Arjan & de León, Gimena & Forest, Maxime & Iyer, Sandhya S., 2018. "Gender mainstreaming: A strategic approach," Economics Discussion Papers 2018-61, Kiel Institute for the World Economy (IfW Kiel).
• Randy Tudy, 2018. "Earning while Working from Home: A New Employment Opportunity in the Philippines," Proceedings of International Academic Conferences 6408415, International Institute of Social and Economic Sciences.
• Phiri, Andrew, 2018. "Is Swaziland on a path of convergence towards her main trading partners?," MPRA Paper 88790, University Library of Munich, Germany.