Report NEP-MAC-2018-10-22

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:

• Schupp, Fabian & Geiger, Felix, 2018. "With a little help from my friends: Survey-based derivation of euro area short rate expectations at the effective lower bound," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181529, Verein für Socialpolitik / German Economic Association.
• Michael T. Kiley, 2018. "Unemployment Risk," Finance and Economics Discussion Series 2018-067, Board of Governors of the Federal Reserve System (U.S.).
• Lieberknecht, Philipp, 2018. "Financial Frictions, the Phillips Curve and Monetary Policy," MPRA Paper 89429, University Library of Munich, Germany.
• David Andolfatto & Andrew Spewak, 2018. "Understanding Lowflation," Working Papers 2018-24, Federal Reserve Bank of St. Louis.
• Martina Jašová & Richhild Moessner & Előd Takáts, 2018. "Domestic and global output gaps as inflation drivers: what does the Phillips curve tell?," BIS Working Papers 748, Bank for International Settlements.
• Josh Ryan-Collins & Frank van Lerven, 2018. "Bringing the helicopter to ground: a historical review of fiscal-monetary coordination to support economic growth in the 20th century," Working Papers PKWP1810, Post Keynesian Economics Society (PKES).
• Dongya Koh & Raul Santaeulalia-Llopis & Yu Zheng, 2018. "Labor Share Decline and Intellectual Property Products Capital," Working Papers 873, Queen Mary University of London, School of Economics and Finance.
• Binder, Michael & Lieberknecht, Philipp & Quintana, Jorge & Wieland, Volker, 2018. "Robust Macroprudential Policy Rules under Model Uncertainty," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181503, Verein für Socialpolitik / German Economic Association.
• William A. Barnett & Chan Wang & Xue Wang & Liyuan Wu, 2018. "What inflation measure should a currency union target?," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201805, University of Kansas, Department of Economics, revised May 2018.
• Philippe Andrade & Gaetano Gaballo & Eric Mengus & Benoit Mojon, 2018. "Forward guidance and heterogeneous beliefs," BIS Working Papers 750, Bank for International Settlements.
• Clemens, Marius & Claveres, Guillaume, 2018. "Unemployment insurance union," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181651, Verein für Socialpolitik / German Economic Association.
• Böhl, Gregor & Strobel, Felix, 2018. "Forward Guidance at the Zero Lower Bound: Curse and Blessing of Time-Inconsistency," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181526, Verein für Socialpolitik / German Economic Association.
• Miguel Faria-e-Castro, 2018. "Fiscal Multipliers and Financial Crises," Working Papers 2018-023, Federal Reserve Bank of St. Louis, revised Jan 2022.
• MARTÍNEZ-RUIZ, Elena & NOGUES-MARCO, Pilar, 2018. "The Political Economy of Exchange Rate Stability During the Gold Standard. Spain 1874—1914," Discussion paper series HIAS-E-75, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
• Camille Cornand & Paul Hubert, 2018. "On the external validity of experimental inflation forecasts: A comparison with five categories of field expectations," Working Papers 1821, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
• Erhan Uluceviz & Kamil Yilmaz, 2018. "Measuring Real-Financial Connectedness in the U.S. Economy," Working Papers 2018-02, Gebze Technical University, Department of Economics.
• Lakdawala, Aeimit & Minetti, Raoul & Schaffer, Matthew, 2018. "Bank Regulation and Monetary Policy Transmission: Evidence from the U.S. States Liberalization," Working Papers 2018-6, Michigan State University, Department of Economics.
• Stan Du Plessis & Monique Reid & Pierre Siklos, 2018. "What drives household inflation expectations in South Africa? Demographics and anchoring under inflation targeting," CAMA Working Papers 2018-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Muhammad Nadim Hanif & Khurrum S. Mughal & Javed Iqbal, 2018. "A Thick ANN Model for Forecasting Inflation," SBP Working Paper Series 99, State Bank of Pakistan, Research Department.
• Albert, Juan-Francisco & Gómez Fernández, Nerea, 2018. "The impact of uncertainty shocks in Spain: SVAR approach with sign restrictions," LSE Research Online Documents on Economics 90402, London School of Economics and Political Science, LSE Library.
• Thaler, Dominik, 2018. "A Large Central Bank Balance Sheet? The Role of Interbank Market Frictions," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181632, Verein für Socialpolitik / German Economic Association.
• De Fiore, Fiorella & Tristani, Oreste, 2018. "(Un)conventional policy and the effective lower bound," Working Paper Series 2183, European Central Bank.
• Jasper de Jong & Niels Gilbert, 2018. "Fiscal discipline in EMU? Testing the effectiveness of the Excessive Deficit Procedure," DNB Working Papers 607, Netherlands Central Bank, Research Department.
• Raphael Auer & Ariel Burstein & Sarah M Lein, 2018. "Exchange rates and prices: evidence from the 2015 Swiss franc appreciation," BIS Working Papers 751, Bank for International Settlements.
• Agnes Kovacs & Concetta Rondinelli & Serena Trucchi, 2018. "Permanent versus Transitory Income Shocks over the Business Cycle," Working Papers 2018:23, Department of Economics, University of Venice "Ca' Foscari".
• Jocelyn Maillard, 2018. "Heterogeneity, Rigidity and Convergence of Labor Markets in the Euro Area," Working Papers 1823, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
• Miguel Casares Polo & Hashmat Khan & Jean-Christophe Poutineau, 2018. "A structural analysis of US entry and exit dynamics," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 1801, Departamento de Economía - Universidad Pública de Navarra.
• Magnus Reif, 2018. "Macroeconomic Uncertainty and Forecasting Macroeconomic Aggregates," ifo Working Paper Series 265, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
• Bianchi, Benedetta, 2018. "Structural credit ratios," ESRB Working Paper Series 85, European Systemic Risk Board.
• Marco Del Negro & Domenico Giannone & Marc P. Giannoni & Andrea Tambalotti, 2018. "Global Trends in Interest Rates," NBER Working Papers 25039, National Bureau of Economic Research, Inc.
• Miroslav Gabrovski, 2018. "Simultaneous Innovation and the Cyclicality of R&D," Working Papers 201813, University of Hawaii at Manoa, Department of Economics.
• Richard Ashley & Kwok Ping Tsang & Randal J. Verbrugge, 2018. "All Fluctuations Are Not Created Equal: The Differential Roles of Transitory versus Persistent Changes in Driving Historical Monetary Policy," Working Papers (Old Series) 1814, Federal Reserve Bank of Cleveland.
• Wolfinger, Julia & Köhler, Ekkehard A. & Feld, Lars P. & Thomas, Tobias, 2018. "57 Channels (And Nothin On): Does TV-News on the Eurozone affect Government Bond Yield Spreads?," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181610, Verein für Socialpolitik / German Economic Association.
• International Monetary Fund, 2018. "Tunisia; Fourth Review Under the Extended Fund Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Tunisi," IMF Staff Country Reports 18/291, International Monetary Fund.
• Buckle, Robert A., 2018. "A quarter of a century of fiscal responsibility: The origins and evolution of fiscal policy governance and institutional arrangements in New Zealand, 1994 to 2018," Working Paper Series 7693, Victoria University of Wellington, Chair in Public Finance.
• Ricardo Sabbadini, 2018. "Overcoming the Original Sin: gains from local currency external debt," Working Papers Series 484, Central Bank of Brazil, Research Department.
• International Monetary Fund, 2018. "Republic of Kazakhstan; 2018 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 18/277, International Monetary Fund.
• International Monetary Fund, 2018. "Gabon; Second Review of the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria and Waivers of Applicability, and Financing Assurances R," IMF Staff Country Reports 18/269, International Monetary Fund.
• Di Nola, Alessandro & Kocharkov, Georgi & Scholl, Almuth & Tkhir, Anna-Mariia, 2018. "The Aggregate Consequences of Tax Evasion," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181514, Verein für Socialpolitik / German Economic Association.
• Clostermann, Jörg & Seitz, Franz, 2018. "Feste Zinsbindung versus kurzfristig variable Zinskonditionen in Deutschland," Weidener Diskussionspapiere 62, University of Applied Sciences Amberg-Weiden (OTH).
• International Monetary Fund, 2018. "Barbados; Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Barbados," IMF Staff Country Reports 18/290, International Monetary Fund.
• International Monetary Fund, 2018. "Austria; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Austria," IMF Staff Country Reports 18/272, International Monetary Fund.
• International Monetary Fund, 2018. "Norway; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway," IMF Staff Country Reports 18/279, International Monetary Fund.
• Evgeny Kakanov & Hansjörg Blöchliger & Lilas Demmou, 2018. "Resource curse in oil exporting countries," OECD Economics Department Working Papers 1511, OECD Publishing.
• Michael Bar & Moshe Hazan & Oksana Leukhina & David Weiss & Hosny Zoabi, 2018. "Why did Rich Families Increase their Fertility? Inequality and Marketization of Child Care," Working Papers 2018-22, Federal Reserve Bank of St. Louis.
• Bachmann, Ronald & Cim, Merve & Green, Colin, 2018. "Long-run Patterns of Labour Market Polarisation: Evidence from German Micro Data," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181541, Verein für Socialpolitik / German Economic Association.
• Dey Shubhasis, 2017. "Sources of Uncertainty and the Indian Economy," Working papers 253, Indian Institute of Management Kozhikode.
• Davoine, Thomas, 2018. "Population aging and cross-country redistribution in integrated capital markets," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181519, Verein für Socialpolitik / German Economic Association.
• International Monetary Fund, 2018. "Republic of Latvia; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Latvia," IMF Staff Country Reports 18/266, International Monetary Fund.
• Carlo Alcaraz & Stijn Claessens & Gabriel Cuadra & David Marques-Ibanez & Horacio Sapriza, 2018. "Whatever it takes. What's the impact of a major nonconventional monetary policy intervention?," BIS Working Papers 749, Bank for International Settlements.
• Anda David & Mohamed Ali Marouani & Charbel Nahas & Björn Nilsson, 2018. "The economics of the Syrian refugee crisis in neighboring countries. The case of Lebanon," Working Papers DT/2018/14, DIAL (Développement, Institutions et Mondialisation).
• International Monetary Fund, 2018. "Republic of the Marshall Islands; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of the Marshall Islands," IMF Staff Country Reports 18/270, International Monetary Fund.
• William A. Barnett & Qing Han & Jianbo Zhang, 2018. "Monetary Services Aggregation under Uncertainty: A Behavioral Economics Extension Using Choquet Expectation," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201806, University of Kansas, Department of Economics, revised Aug 2018.
• Hamed Ghiaie & Jean-François Rouillard, 2018. "Housing Tax Policy: Comment," Cahiers de recherche 18-06, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
• John C. Williams, 2018. "Moving toward 'normal' U.S. monetary policy: remarks at the Joint Bank Indonesia-Federal Reserve Bank of New York Central Banking Forum, Nusa Dua, Indonesia," Speech 296, Federal Reserve Bank of New York.
• Puriya Abbassi & Falk Bräuning, 2018. "The pricing of FX forward contracts: micro evidence from banks’ dollar hedging," Working Papers 18-6, Federal Reserve Bank of Boston.
• Joshua C.C. Chan & Eric Eisenstat & Rodney W. Strachan, 2018. "Reducing dimensions in a large TVP-VAR," CAMA Working Papers 2018-49, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Angelo Marsiglia Fasolo, 2018. "Monetary Policy Volatility Shocks in Brazil," Working Papers Series 480, Central Bank of Brazil, Research Department.
• Zulkhibri, Muhamed & Prima Sakti, Muhammad Rizky, 2018. "Bank Lending Behavior and Business Cycle in Dual Banking System: Evidence from Indonesia," Working Papers 2018-3, The Islamic Research and Teaching Institute (IRTI).
• Ramiro Albrieu & Jose Maria Fanelli, 2018. "Fiscal Redistribution, Sustainability, and Demography in Latin America," Commitment to Equity (CEQ) Working Paper Series 80, Tulane University, Department of Economics, revised Dec 2019.
• Bengtsson, Erik & Stockhammer, Engelbert, 2018. "Wages, income distribution and economic growth in Scandinavia," Lund Papers in Economic History 179, Lund University, Department of Economic History.
• International Monetary Fund, 2018. "Portugal; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Portugal," IMF Staff Country Reports 18/273, International Monetary Fund.
• International Monetary Fund, 2018. "Saudi Arabia; 2018 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 18/263, International Monetary Fund.
• Callum Jones & Virgiliu Midrigan & Thomas Philippon, 2018. "Household Leverage and the Recession," IMF Working Papers 18/194, International Monetary Fund.
• International Monetary Fund, 2018. "Russian Federation; 2018 Article IV Consultation-Press Release; Staff Report," IMF Staff Country Reports 18/275, International Monetary Fund.
• Douglas A. Webber, 2018. "Employment Adjustment Over the Business Cycle: The Impact of Competition in the Labor Market," DETU Working Papers 1806, Department of Economics, Temple University.
• Mark Mitchell & Robert Zymek, 2018. "Wealth of the Nation: Scotland's Productivity Challenge - Technical Appendix," Edinburgh School of Economics Discussion Paper Series 289, Edinburgh School of Economics, University of Edinburgh.
• International Monetary Fund, 2018. "Dominica; 2018 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 18/265, International Monetary Fund.
• Ezequiel Cabezon & Christian Henn, 2018. "Counting the Oil Money and the Elderly: Norway's Public Sector Balance Sheet," IMF Working Papers 18/190, International Monetary Fund.
• David Andolfatto, 2018. "Assessing the Impact of Central Bank Digital Currency on Private Banks," Working Papers 2018-026, Federal Reserve Bank of St. Louis, revised 22 Apr 2020.
• International Monetary Fund, 2018. "Botswana; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana," IMF Staff Country Reports 18/268, International Monetary Fund.
• Eurilton Araújo, 2018. "Neo-Fisherianism in a Small Open-Economy New Keynesian Model," Working Papers Series 481, Central Bank of Brazil, Research Department.
• Thorvardur T. Olafsson, 2018. "Cross-Border Credit Intermediation and Domestic Liquidity Provision in a Small Open Economy," IMF Working Papers 18/202, International Monetary Fund.
• Gajewski Pawe³, 2018. "Demand and Supply Shock Symmetry across Polish Voievodships," Lodz Economics Working Papers 5/2018, University of Lodz, Faculty of Economics and Sociology.
• Luc Laeven & Fabian Valencia, 2018. "Systemic Banking Crises Revisited," IMF Working Papers 18/206, International Monetary Fund.
• Gries, Thomas, 2018. "A New Theory of Demand-Restricted Growth," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181515, Verein für Socialpolitik / German Economic Association.
• Grodecka, Anna & Kenny, Seán & Ögren, Anders, 2018. "Predictors of Bank Distress: The 1907 Crisis in Sweden," Lund Papers in Economic History 180, Lund University, Department of Economic History.
• Miguel Casares Polo & Hashmat Khan & Jean-Christophe Poutineau, 2018. "A structural analysis of US entry and exit dynamics. Tecnnical Appendix," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 1802, Departamento de Economía - Universidad Pública de Navarra.
• Jean-Christophe Delfim & Martin Hoesli, 2018. "Real Estate Risk Factors and Portfolio Allocation," ERES eres2018_124, European Real Estate Society (ERES).
• Carvalho, V. M & Tahbaz-Salehi, A., 2018. "Production Networks: A Primer," Cambridge Working Papers in Economics 1856, Faculty of Economics, University of Cambridge.
• Bulent Guler & Amanda Michaud, 2018. "Dynamics of Deterrence: A Macroeconomic Perspective on Punitive Justice Policy," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20186, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
• Ron Anderson & Jon Danielsson & Chikako Baba & Udaibir S Das & Heedon Kang & Miguel A. Segoviano, 2018. "Macroprudential Stress Tests and Policies: Searching for Robust and Implementable Frameworks," IMF Working Papers 18/197, International Monetary Fund.
• Mo Qiao & Siying Ding & Yongzheng Liu, 2018. "Fiscal Decentralization and Government Size: The Role of Democracy," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1818, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
• David Andolfatto, 2018. "Reconciling Orthodox and Heterodox Views on Money and Banking," Working Papers 2018-27, Federal Reserve Bank of St. Louis.
• Yasser Abdih & Li Lin & Anne-Charlotte Paret, 2018. "Understanding Euro Area Inflation Dynamics: Why So Low for So Long?," IMF Working Papers 18/188, International Monetary Fund.
• Carolina Ortega Londono, 2018. "Transmission of Monetary Policy and Bank Heterogeneity in Colombia," Documentos de Trabajo de Valor Público 16792, Universidad EAFIT.
• Rosli Said & Nasir Daud & Tham Kuen Wei, 2018. "Macroeconomic Determinants of Non Performing Property Loans in Malaysia," ERES eres2018_328, European Real Estate Society (ERES).