Report NEP-MAC-2018-12-17

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:

• Goodhead, Robert & Kolb, Benedikt, 2018. "Monetary policy communication shocks and the macroeconomy," Discussion Papers 46/2018, Deutsche Bundesbank.
• Joao Ayres & Gajendran Raveendranathan, 2018. "The Firm Dynamics of Business Cycles," Department of Economics Working Papers 2018-16, McMaster University.
• Gunda-Alexandra Detmers & Özer Karagedikli & Richhild Moessner, 2018. "Quantitative or Qualitative Forward Guidance: Does it Matter?," CESifo Working Paper Series 7314, CESifo.
• Jean-Luc Gaffard, 2018. "Monetary Theory and Policy: The Debate Revisited," GREDEG Working Papers 2018-33, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
• Jia, Bijie, 2017. "A Second Thought on Estimating Expansionary Fiscal Policy Effects in the U.S," MPRA Paper 89264, University Library of Munich, Germany, revised Sep 2018.
• Jean-Luc Gaffard & Mauro Napoletano, 2018. "Hétérogénéité des agents, interconnexions financières et politique monétaire : une approche non conventionnelle," GREDEG Working Papers 2018-34, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
• Juan Andres Espinosa Torres; Sebastian Sanin Restrepo & Sebastian Sanin-Restrepo, 2018. "Unvealing Monetary Policy Transmission on Inflation Targeting Economies: The Wealth-Consumption Channel," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-26, November.
• Kindy R. Sjahrir, 2018. "Fiscal Constraints in the Financial System Stability Framework for Indonesian Data," Working Papers in Economics and Development Studies (WoPEDS) 201803, Department of Economics, Padjadjaran University, revised Dec 2018.
• Ricardo Lagos & Shengxing Zhang, 2018. "A Monetary Model of Bilateral Over-the-Counter Markets," NBER Working Papers 25239, National Bureau of Economic Research, Inc.
• Gert Peersman, 2018. "International Food Commodity Prices and Missing (Dis)Inflation in the Euro Area," CESifo Working Paper Series 7338, CESifo.
• Knut Are Aastveit & André K. Anundsen, 2018. "Asymmetric effects of monetary policy in regional housing markets," Working Papers 2018/08, Institut d'Economia de Barcelona (IEB).
• Millard, Stephen & Varadi, Alexandra & Yashiv, Eran, 2018. "Shock transmission and the interaction of financial and hiring frictions," Bank of England working papers 769, Bank of England.
• David Turner & Thomas Chalaux & Hermes Morgavi, 2018. "Fan charts around GDP projections based on probit models of downturn risk," OECD Economics Department Working Papers 1521, OECD Publishing.
• Mitra, Shalini, 2018. "Intangible Capital and the Rise in Wage and Hours Volatility," MPRA Paper 89697, University Library of Munich, Germany.
• Jan P.A.M. Jacobs & Samad Sarferaz & Jan-Egbert Sturm & Simon van Norden, 2018. "Can GDP measurement be further improved? Data revision and reconciliation," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-15, Economic Statistics Centre of Excellence (ESCoE).
• Gavin Goy & Cars Homme & Kostas Mavromatis, 2018. "Forward Guidance and the Role of Central Bank Credibility," DNB Working Papers 614, Netherlands Central Bank, Research Department.
• Martín, Alberto & Asriyan, Vladimir & Laeven, Luc, 2018. "Collateral Booms and Information Depletion," CEPR Discussion Papers 13340, C.E.P.R. Discussion Papers.
• Thomas Brand & Marlène Isoré & Fabien Tripier, 2018. "Uncertainty Shocks and Firm Creation: Search and Monitoring in the Credit Market," Working Papers 2018-19, CEPII research center.
• Jeffrey C. Fuhrer & Giovanni P. Olivei & Eric Rosengren & Geoffrey M. B. Tootell, 2018. "Should the Fed regularly evaluate its monetary policy framework?," Working Papers 18-8, Federal Reserve Bank of Boston.
• Javier Bianchi & Jorge Mondragon, 2018. "Monetary Independence and Rollover Crises," Working Papers 755, Federal Reserve Bank of Minneapolis.
• Roth, Christopher & Wohlfart, Johannes, 2018. "How do expectations about the macroeconomy affect personal expectations and behavior?," IMFS Working Paper Series 128, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
• Luca Di Bonaventura & Mario Forni & Francesco Pattarin, 2018. "The Forecasting Performance of Dynamic Factor Models with Vintage Data," Center for Economic Research (RECent) 138, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
• Jeffrey C. Fuhrer, 2018. "Intrinsic expectations persistence: evidence from professional and household survey expectations," Working Papers 18-9, Federal Reserve Bank of Boston.
• Bennouna , Hicham, 2018. "Pass-through du taux d’intérêt au Maroc : Enseignements à partir de l’enquête trimestrielle sur les taux débiteurs," Document de travail 2018-4, Bank Al-Maghrib, Département de la Recherche.
• Naohisa Hirakata & Yasutaka Koike, 2018. "The Labor Share, Capital-Labor Substitution, and Factor Augmenting Technologies," Bank of Japan Working Paper Series 18-E-20, Bank of Japan.
• Vania Stavrakeva & Jenny Tang, 2018. "The dollar during the global recession: US monetary policy and the exorbitant duty," Working Papers 18-10, Federal Reserve Bank of Boston.
• Eickmeier, Sandra & Kolb, Benedikt & Prieto, Esteban, 2018. "Macroeconomic effects of bank capital regulation," Discussion Papers 44/2018, Deutsche Bundesbank.
• Gary Koop & Stuart McIntyre & James Mitchell & Aubrey Poon, 2018. "Regional Output Growth in the United Kingdom: More Timely and Higher Frequency Estimates, 1970-2017," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-14, Economic Statistics Centre of Excellence (ESCoE).
• Jaime Martinez-Martin & Elena Rusticelli, 2018. "Keeping track of global trade in real time," OECD Economics Department Working Papers 1524, OECD Publishing.
• Asdrubali, Pierfederico & Kim, Soyoung & Pericoli, Filippo & Poncela, Pilar, 2018. "New Risk Sharing Channels in OECD Countries: a Heterogeneous Panel VAR," JRC Working Papers in Economics and Finance 2018-13, Joint Research Centre, European Commission.
• Rod Tyers & Yixiao Zhou, 2018. "Deflation Forces and Inequality," Economics Discussion / Working Papers 18-04, The University of Western Australia, Department of Economics.
• W. Erwin Diewert & Kevin J. Fox & Paul Schreyer, 2018. "The Digital Economy, New Products and Consumer Welfare," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-16, Economic Statistics Centre of Excellence (ESCoE).
• Pablo A. Gluzmann & Martin M. Guzman & Joseph E. Stiglitz, 2018. "An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability," NBER Working Papers 25256, National Bureau of Economic Research, Inc.
• Ken Miyajima & James Yetman, 2018. "Assessing inflation expectations anchoring for heterogeneous agents: analysts, businesses and trade unions," BIS Working Papers 759, Bank for International Settlements.
• Pierre Emmanuel Weil, 2018. "Redistribution from the Cradle to the Grave: A Unified Approach to Heterogeneity in Age, Income and Wealth," 2018 Papers pwe433, Job Market Papers.
• Bartelsman, Eric & Lopez-Garcia, Paloma & Presidente, Giorgio, 2018. "Cyclical and structural variation in resource allocation: evidence for Europe," Working Paper Series 2210, European Central Bank.
• Marattin, Luigi & Meraglia, Simone & Minetti, Raoul, 2018. "Sovereign Bail-Outs and Fiscal Rules in a Banking Union," Working Papers 2018-11, Michigan State University, Department of Economics.
• Cory Cutsail & Farley Grubb, 2018. "The Paper Money of Colonial North Carolina, 1712–74: Reconstructing the Evidence," NBER Working Papers 25260, National Bureau of Economic Research, Inc.
• Ying Feng & David Lagakos & James E. Rauch, 2018. "Unemployment and Development," CESifo Working Paper Series 7311, CESifo.
• Piroska, Dóra & Podvršič, Ana, 2018. "New European Banking Governance and Crisis of Democracy: Insights from the European post-socialist periphery," Corvinus Economics Working Papers (CEWP) 2018/05, Corvinus University of Budapest.
• Kevin J. Lansing & Stephen F. LeRoy & Jun Ma, 2022. "Examining the Sources of Excess Return Predictability: Stochastic Volatility or Market Inefficiency?," Working Paper Series 2018-14, Federal Reserve Bank of San Francisco.
• Hein, Eckhard & Prante, Franz, 2018. "Functional distribution and wage inequality in recent Kaleckian growth models," IPE Working Papers 110/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Oliver Pardo, 2018. "Uneven gains: the macroeconomic and welfare effects of the business tax reform," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-21, November.
• Spilimbergo, Antonio & Jirasavetakul, La-Bhus, 2018. "Economic Policy Uncertainty in Turkey," CEPR Discussion Papers 13352, C.E.P.R. Discussion Papers.
• Bryan Kelly & Dimitris Papanikolaou & Amit Seru & Matt Taddy, 2018. "Measuring Technological Innovation over the Long Run," NBER Working Papers 25266, National Bureau of Economic Research, Inc.
• Emmanuel Farhi & François Gourio, 2018. "Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia," NBER Working Papers 25282, National Bureau of Economic Research, Inc.
• Rod Tyers & Yixiao Zhou, 2018. "Lost Inflation?," Economics Discussion / Working Papers 18-01, The University of Western Australia, Department of Economics.
• Kai Gehring & Valentin F. Lang, 2018. "Stigma or Cushion? IMF Programs and Sovereign Creditworthiness," CESifo Working Paper Series 7339, CESifo.
• Lydon, Reamonn & Mathä, Thomas Y. & Millard, Stephen, 2018. "Short-time work in the Great Recession: firm-level evidence from 20 EU countries," Working Paper Series 2212, European Central Bank.
• Chaliasos, Michael & Jansson, Thomas & Karabulut, Yigitcan, 2018. "Financial literacy externalities," IMFS Working Paper Series 127, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
• Matthias Kehrig & Nicolas Vincent, 2018. "The Micro-Level Anatomy of the Labor Share Decline," NBER Working Papers 25275, National Bureau of Economic Research, Inc.
• Martin Peitz & Dongsoo Shin, 2018. "General Distorted Input Ratios in Vertical Relationships," CRC TR 224 Discussion Paper Series crctr224_060_2018, University of Bonn and University of Mannheim, Germany.
• Francesco Di Comite & Patrizio Lecca & Philippe Monfort & Damiaan Persyn & Violeta Piculescu, 2018. "The impact of Cohesion Policy 2007-2015 in EU regions: Simulations with the RHOMOLO Interregional Dynamic General Equilibrium Model," JRC Working Papers on Territorial Modelling and Analysis 2018-03, Joint Research Centre.
• Minchul Yum, 2018. "General Equilibrium Feedback Regarding the Employment Effects of Labor Taxes," CRC TR 224 Discussion Paper Series crctr224_059_2018, University of Bonn and University of Mannheim, Germany.
• Martin Christensen & Andrea Conte & Filippo Di Pietro & Patrizio Lecca & Giovanni Mandras & Simone Salotti, 2018. "The third pillar of the Investment Plan for Europe: The RHOMOLO assessment," JRC Research Reports JRC114088, Joint Research Centre.
• Lucie Povolná, 2018. "Business cycle survey and B2B buying decision," Proceedings of International Academic Conferences 7009949, International Institute of Social and Economic Sciences.
• Richard Finlay & Andrew Staib & Max Wakefield, 2018. "Where's the Money‽ An Investigation into the Whereabouts and Uses of Australian Banknotes," RBA Research Discussion Papers rdp2018-12, Reserve Bank of Australia.
• W. Erwin Diewert & Kevin J. Fox, 2018. "Substitution Bias in Multilateral Methods for CPI Construction using Scanner Data," Discussion Papers 2018-13, School of Economics, The University of New South Wales.
• Giovannini, Massimo & Hohberger, Stefan & Ratto, Marco & Vogel, Lukas, 2018. "Adjustment dynamics and business cycle heterogeneity in the EMU: Evidence from estimated DSGE models," JRC Working Papers in Economics and Finance 2018-08, Joint Research Centre, European Commission.
• Santiago J. Gahn & Alejandro González, 2018. "On the “utilisation controversy”: a comment," Working Papers PKWP1814, Post Keynesian Economics Society (PKES).
• Nicodeme Gaetan & Caiumi Antonella & Majewski Ina, 2018. "What Happened to CIT Collection? Solving the Rates-Revenues Puzzle," Taxation Papers 74, Directorate General Taxation and Customs Union, European Commission.
• Andreas Kettemann & Andreas I. Mueller & Josef Zweimüller, 2018. "Vacancy Durations and Entry Wages: Evidence from Linked Vacancy-Employer-Employee Data," CESifo Working Paper Series 7351, CESifo.
• Andreas Fagereng & Martin B. Holm & Gisle J. Natvik, 2018. "MPC heterogeneity and household balance sheets," Working Papers 4, Department of the Treasury, Ministry of the Economy and of Finance.
• Vértesy, László, 2018. "A multinacionális vállalatok szerepe a gazdaságban és a munkaerőpiacon [The Role of Multinational Companies in the Economy and the Labor Market]," MPRA Paper 90262, University Library of Munich, Germany.
• Sunanda Sen, 2018. "Investment Decisions under Uncertainty," Economics Working Paper Archive wp_918, Levy Economics Institute.
• Adalid, Ramón & Falagiarda, Matteo, 2018. "How repayments manipulate our perceptions about loan dynamics after a boom," Working Paper Series 2211, European Central Bank.
• Katsuyuki Shibayama, 2018. "A Simple Model of Growth Slowdown," Studies in Economics 1813, School of Economics, University of Kent.
• Köhler, Kasper, 2018. "The limits to profit-wage redistribution: Endogenous regime shifts in Kaleckian models of growth and distribution," IPE Working Papers 112/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Ricardo Correa & Teodora Paligorova & Horacio Sapriza & Andrei Zlate, 2018. "Cross-Border Bank Flows and Monetary Policy," International Finance Discussion Papers 1241, Board of Governors of the Federal Reserve System (U.S.).
• yılmaz, Engin, 2018. "Türk Bankacılık Sektöründe Krediler ile Mevduatlar Arasındaki Açığın Kaynağı Nedir ? [What is the Source of Gap between the Loans and the Deposits in the Turkish Banking System ?]," MPRA Paper 89043, University Library of Munich, Germany.
• Patrizio Lecca & Damiaan Persyn & Andrea Conte & Simone Salotti, 2018. "Cohesion Policy 2007-2015: The RHOMOLO assessment," JRC Research Reports JRC114185, Joint Research Centre.
• Eric Rosengren, 2018. "Exploring current economic conditions and the implications for monetary policy: remarks at 1Berkshire Economic Outlook Luncheon, Dalton, Massachusetts, October 26, 2018," Speech 139, Federal Reserve Bank of Boston.
• Wei Xiong, 2018. "The Mandarin Model of Growth," NBER Working Papers 25296, National Bureau of Economic Research, Inc.
• Graziella Bertocchi & Marianna Brunetti & Anzelika Zaiceva, 2018. "The Financial Decisions of Immigrant and Native Households: Evidence from Italy," Center for Economic Research (RECent) 137, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
• Goldfayn-Frank, Olga & Wohlfart, Johannes, 2018. "How do consumers adapt to a new environment in their economic forecasting? Evidence from the German reunification," IMFS Working Paper Series 129, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
• José Romero, 2018. "Productividad total de los factores o productividad del trabajo," Serie documentos de trabajo del Centro de Estudios Económicos 2018-08, El Colegio de México, Centro de Estudios Económicos.
• Hansjörg Blöchliger & Olivier Durand-Lasserve, 2018. "The drivers of regional growth in Russia: A baseline model with applications," OECD Economics Department Working Papers 1523, OECD Publishing.
• Jakubik, Adam & Stolzenburg, Victor, 2018. "The "China shock" revisited: Insights from value added trade flows," WTO Staff Working Papers ERSD-2018-10, World Trade Organization (WTO), Economic Research and Statistics Division.
• Bryan Hardy, 2018. "Foreign currency borrowing, balance sheet shocks and real outcomes," BIS Working Papers 758, Bank for International Settlements.
• Śmiech, Sławomir & Papież, Monika, 2018. "Volatility spillovers among uncertainty measures. The case of EU member states," MPRA Paper 90319, University Library of Munich, Germany.
• Tommaso Mancini Griffoli & Maria Soledad Martinez Peria & Itai Agur & Anil Ari & John Kiff & Adina Popescu & Celine Rochon, 2018. "Casting Light on Central Bank Digital Currencies," IMF Staff Discussion Notes 18/08, International Monetary Fund.
• Fatica, Serena & Heynderickx, Wouter & Pagano, Andrea, 2018. "Banks, debt and risk: assessing the spillovers of corporate taxes," JRC Working Papers in Economics and Finance 2018-09, Joint Research Centre, European Commission.
• Xing, Victor, 2018. "Stigma over T-Bills Persists as Investors Focus on “Sophistication”," MPRA Paper 90378, University Library of Munich, Germany.
• Won Jun Nah & Lavoie, Marc, 2018. "Overhead labour costs in a neo-Kaleckian growth model with autonomous expenditures," IPE Working Papers 111/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Boyan Jovanovic & Julien Prat, 2018. "Reputation Cycles and Earnings Dynamics," NBER Working Papers 25252, National Bureau of Economic Research, Inc.
• Diego G. Fano & Victor A. Lucero & Antonio Marin, 2018. "Effects of heterodox populist policies in the private sector. The Argentine experience (2004-2016)," CEMA Working Papers: Serie Documentos de Trabajo. 668, Universidad del CEMA.
• Francesco Di Comite & Olga Diukanova & Giovanni Mandras & Javier Gómez Prieto, 2018. "The RHOMOLO economic impact assessment of the R&I and Low-Carbon ERDF Investment programme in Apulia, Italy," JRC Working Papers on Territorial Modelling and Analysis 2018-04, Joint Research Centre.
• de Oliveira Souza, Thiago, 2018. "Red tape asset pricing," Discussion Papers on Economics 8/2018, University of Southern Denmark, Department of Economics.
• Joaquín Naval & José I. Silva & Javier Vázquez-Grenno, 2018. "Employment effects of on-the-job human capital acquisition," Working Papers 2018/05, Institut d'Economia de Barcelona (IEB).
• Anderson, Kym, 2018. "Structural Transformation to Manufacturing and Services: What Role for Trade?," CEPR Discussion Papers 13351, C.E.P.R. Discussion Papers.
• José Valente & Mário Augusto & José Murteira, 2018. "Differentiated Impact of Spread Determinants by Personal Loan Category: Evidence from the Brazilian Banking Sector," CeBER Working Papers 2018-12, Centre for Business and Economics Research (CeBER), University of Coimbra.