Report NEP-MAC-2019-01-07

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.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-MAC

The following items were announced in this report:

• Hyeongwoo Kim & Bijie Jia, 2018. "Assessing the Role of Sentiment in the Propagation of Fiscal Stimulus," Auburn Economics Working Paper Series auwp2018-08, Department of Economics, Auburn University.
• De Koning, Kees, 2019. "Conversion Theory II: the case for Recession Bonds," MPRA Paper 91203, University Library of Munich, Germany.
• Hartmann, Philipp & Smets, Frank, 2018. "The first twenty years of the European Central Bank: monetary policy," Working Paper Series 2219, European Central Bank.
• Marcelo Arbex & Sidney Caetano & Wilson Correa, 2018. "Macroeconomic Effects of Inflation Target Uncertainty Shocks," Working Papers 1804, University of Windsor, Department of Economics.
• Roberto M. Billi & Jordi Galí, 2018. "Gains from wage flexibility and the zero lower bound," Economics Working Papers 1625, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2019.
• Pincheira, Pablo & Neumann, Federico, 2018. "Can we beat the Random Walk? The case of survey-based exchange rate forecasts in Chile," MPRA Paper 90432, University Library of Munich, Germany.
• Phillipe Aghion & Emmanuel Farhi & Enisse Kharroubi, 2018. "Monetary policy, product market competition and growth," CEP Discussion Papers dp1590, Centre for Economic Performance, LSE.
• Antoine Lepetit, 2018. "The Optimal Inflation Rate with Discount Factor Heterogeneity," Finance and Economics Discussion Series 2018-086, Board of Governors of the Federal Reserve System (U.S.).
• Tamas Csabafi & Max Gillman & Ruthira Naraidoo, 2018. "International Business Cycle and Financial Intermediation," CERS-IE WORKING PAPERS 1830, Institute of Economics, Centre for Economic and Regional Studies.
• Markus K. Brunnermeier & Yann Koby, 2018. "The Reversal Interest Rate," NBER Working Papers 25406, National Bureau of Economic Research, Inc.
• Martha Misas, Edgar Villa, Andres F. Giraldo & Edgar Villa & Andres F. Giraldo, 2018. "Inflation Targeting and the Taylor Principle: evidence from Colombia," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-38, December.
• Gino Cateau & Malik Shukayev, 2018. "Limited Commitment, Endogenous Credibility and the Challenges of Price-level Targeting," Staff Working Papers 18-61, Bank of Canada.
• Guillaume Rocheteau & Tsz-Nga Wong & Cathy Zhang, 2018. "Lending Relationships and Optimal Monetary Policy," Purdue University Economics Working Papers 1306, Purdue University, Department of Economics.
• Michael D. Bordo, 2018. "The Imbalances of the Bretton Woods System 1965 to 1973: U.S. Inflation, The Elephant in the Room," NBER Working Papers 25409, National Bureau of Economic Research, Inc.
• Max Gillman, 2018. "The Welfare Cost of Inflation with Banking Time," CERS-IE WORKING PAPERS 1831, Institute of Economics, Centre for Economic and Regional Studies.
• Xavier Giroud & Holger M. Mueller, 2018. "Firm Leverage and Regional Business Cycles," NBER Working Papers 25325, National Bureau of Economic Research, Inc.
• Tomasz Piskorski & Amit Seru, 2018. "Debt Relief and Slow Recovery: A Decade after Lehman," NBER Working Papers 25403, National Bureau of Economic Research, Inc.
• Wolf Heinrich Reuter & Olegs Tkacevs & Karlis Vilerts, 2018. "On the design of stabilising fiscal rules," Working Papers 2018/05, Latvijas Banka.
• Joao Ayres & Marcio Garcia & Diogo Guillen & Patrick J. Kehoe, 2018. "The Monetary and Fiscal History of Brazil, 1960-2016," Staff Report 575, Federal Reserve Bank of Minneapolis.
• Piedrahíta, Esteban & Pérez, Carlos Andrés & Londoño, Harold, 2017. "Mientras llegaba el futuro [While the future arrived]," MPRA Paper 90350, University Library of Munich, Germany.
• Malamud, Semyon & Eren, Egemen, 2018. "Dominant Currency Debt," CEPR Discussion Papers 13391, C.E.P.R. Discussion Papers.
• Taylor, John, 2018. "Taylor Rules and Forward Guidance: A Rule is not a Path," CEPR Discussion Papers 13383, C.E.P.R. Discussion Papers.
• Acosta-Smith, Jonathan, 2018. "Interest rates, capital and bank risk-taking," Bank of England working papers 774, Bank of England.
• Kindy R. Sjahrir, 2018. "Formulating Regional Competitiveness Fiscal Policy based upon Leverage Factors for Indonesian Data," Working Papers in Economics and Development Studies (WoPEDS) 201804, Department of Economics, Padjadjaran University, revised Dec 2018.
• Concha Artola & María Gil & Javier J. Pérez & Alberto Urtasun & Alejandro Fiorito & Diego Vila, 2018. "Monitoring the Spanish economy from a regional perspective: main elements of analysis," Occasional Papers 1809, Banco de España.
• Javier Bianchi & Jorge Mondragon, 2018. "Monetary Independence and Rollover Crises," NBER Working Papers 25340, National Bureau of Economic Research, Inc.
• Nizam, Ahmed Mehedi, 2019. "On the Algebraic Calculation of the Fiscal Multiplier," MPRA Paper 91173, University Library of Munich, Germany.
• Kyungmin Kim & Antoine Martin & Ed Nosal, 2018. "Can the US Interbank Market be Revived?," Finance and Economics Discussion Series 2018-088, Board of Governors of the Federal Reserve System (U.S.).
• Maliar, Lilia, 2018. "Continuous Time Versus Discrete Time in the New Keynesian Model: Closed-Form Solutions and Implications for Liquidity Trap," CEPR Discussion Papers 13384, C.E.P.R. Discussion Papers.
• Janine M. Dixon & Jason Nassios, 2018. "A Dynamic Economy-wide Analysis of Company Tax Cuts in Australia," Centre of Policy Studies/IMPACT Centre Working Papers g-287, Victoria University, Centre of Policy Studies/IMPACT Centre.
• Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2018. "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," NBER Working Papers 25405, National Bureau of Economic Research, Inc.
• Perri, Fabrizio & Hur, Sewon & Kondo, Illenin, 2018. "Real Interest Rates, Inflation, and Default," CEPR Discussion Papers 13388, C.E.P.R. Discussion Papers.
• Alessio Moro & Omar Rachedi, 2018. "The changing structure of goverment consumption spending," Working Papers 1840, Banco de España.
• Mundaca, Fernando & Sánchez, Elmer, 2018. "Índice de Precios de Inmuebles: Un Enfoque Hedónico," Working Papers 2018-006, Banco Central de Reserva del Perú.
• Kindy R. Sjahrir, 2018. "Dynamic Stochastic General Equilibrium With Financial Accelerator: The Case Of Indonesia," Working Papers in Economics and Development Studies (WoPEDS) 201806, Department of Economics, Padjadjaran University, revised Dec 2018.
• Cumming, Fergus, 2018. "Mortgages, cash-flow shocks and local employment," Bank of England working papers 773, Bank of England.
• Kerola, Eeva, 2018. "In search of fluctuations : Another look at China’s incredibly stable GDP growth," BOFIT Discussion Papers 23/2018, Bank of Finland, Institute for Economies in Transition.
• Nitzan Tzur-Ilan, 2018. "LTV Limits and Borrower Risk," Bank of Israel Working Papers 2018.12, Bank of Israel.
• Dmitry Kreptsev & Sergei Seleznev, 2017. "DSGE Model of the Russian Economy with the Banking Sector," Bank of Russia Working Paper Series wps27, Bank of Russia.
• Mikael Beatriz & Jérôme Coffinet & Théo Nicolas, 2018. "Relationship lending and SMEs’ funding costs over the cycle: why diversification of borrowing matters," Working papers 705, Banque de France.
• Ricco, Giovanni & Miranda-Agrippino, Silvia, 2018. "The Transmission of Monetary Policy Shocks," CEPR Discussion Papers 13396, C.E.P.R. Discussion Papers.
• Benjamin Hartung & Philip Jung & Moritz Kuhn, 2018. "What Hides Behind the German Labor Market Miracle? Unemployment Insurance Reforms and Labor Market Dynamics," CESifo Working Paper Series 7379, CESifo.
• Evzen Kocenda & Karen Poghosyan, 2018. "Nowcasting real GDP growth with business tendency surveys data: A cross country analysis," KIER Working Papers 1002, Kyoto University, Institute of Economic Research.
• Olivier Coibion & Yuriy Gorodnichenko & Tiziano Ropele, 2018. "Inflation Expectations and Firm Decisions: New Causal Evidence," NBER Working Papers 25412, National Bureau of Economic Research, Inc.
• Daniel J. Lewis, 2018. "Robust inference in models identified via heteroskedasticity," Staff Reports 876, Federal Reserve Bank of New York.
• Ludmila Fadejeva & Janis Lapins & Liva Zorgenfreija, 2018. "Results of the Household Finance and Consumption Survey in Latvia," Discussion Papers 2018/01, Latvijas Banka.
• Łukasz Janikowski & Balazs Romhanyi, 2018. "Is a Fiscal Policy Council needed in Poland?," mBank - CASE Seminar Proceedings 0157, CASE-Center for Social and Economic Research.
• Istvan Konya & Franklin Maduko, 2018. "Interest premium and external position: a time varying approach," CERS-IE WORKING PAPERS 1829, Institute of Economics, Centre for Economic and Regional Studies.
• Hossain, Md. Mobarak, 2018. "Dynamic Growth Rate of U.S. Economy," MPRA Paper 91042, University Library of Munich, Germany.
• Asano, Koji, 2018. "Ignorant Experts and Financial Fragility," MPRA Paper 90830, University Library of Munich, Germany.
• Sakkas, Stelios & Varthalitis, Petros, 2018. "The (intertemporal) equity-efficiency trade-off of fiscal consolidation," MPRA Paper 90983, University Library of Munich, Germany.
• Lise Patureau & Céline Poilly, 2018. "Reforms and the Real Exchange Rate: The Role of Pricing-to-Market," AMSE Working Papers 1834, Aix-Marseille School of Economics, France.
• Albert, Juan-Francisco & Gómez-Fernández, Nerea, 2018. "Monetary policy and the redistribution of net worth in the US," LSE Research Online Documents on Economics 91320, London School of Economics and Political Science, LSE Library.
• Wansleben, Leon, 2018. "How expectations became governable: institutional change and the performative power of central banks," LSE Research Online Documents on Economics 91316, London School of Economics and Political Science, LSE Library.
• Christopher J. Erceg & Andrea Prestipino & Andrea Raffo, 2018. "The Macroeconomic Effects of Trade Policy," International Finance Discussion Papers 1242, Board of Governors of the Federal Reserve System (U.S.).
• Yoshino, Naoyuki & Taghizadeh-Hesary, Farhad & Mizoguchi, Tetsuro, 2018. "Fiscal Policy Conditions for Government Budget Stability and Economic Recovery: Comparative Analysis of Japan and Greece," ADBI Working Papers 851, Asian Development Bank Institute.
• Sangyup Choi, 2019. "Changes in the Effects of Bank Lending Shocks and the Development of Public Debt Markets," Working papers 2019rwp-140, Yonsei University, Yonsei Economics Research Institute.
• Kent Daniel & Lorenzo Garlappi & Kairong Xiao, 2018. "Monetary Policy and Reaching for Income," NBER Working Papers 25344, National Bureau of Economic Research, Inc.
• Theophilopoulou, Angeliki, 2018. "The impact of macroeconomic uncertainty on inequality: An empirical study for the UK," MPRA Paper 90448, University Library of Munich, Germany.
• Vellekoop, Nathanael, 2018. "Explaining intra-monthly consumption patterns: The timing of income or the timing of consumption commitments?," SAFE Working Paper Series 237, Leibniz Institute for Financial Research SAFE.
• Raputsoane, Leroi, 2018. "Temporal homogeneity between financial stress and the economic cycle," MPRA Paper 91119, University Library of Munich, Germany.
• Martinelli, César & Vega, Marco, 2018. "Monetary and Fiscal History of Peru 1960-2010: Radical Policy Experiments, Inflation and Stabilization," Working Papers 2018-007, Banco Central de Reserva del Perú.
• Mohammed Ait Lahcen & Pedro Gomis-Porqueras, 2018. "A model of endogenous financial inclusion: implications for inequality and monetary policy," ECON - Working Papers 310, Department of Economics - University of Zurich, revised Feb 2021.
• Suzuki, Shiba, 2018. "Inequality and asset fire sales," MPRA Paper 90906, University Library of Munich, Germany.
• International Monetary Fund, 2018. "Malawi; First Review Under the Three-Year Extended Credit Facility Arrangement and Requests for Modification and Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and State," IMF Staff Country Reports 18/336, International Monetary Fund.
• Chowdhury, Md Niaz Murshed & Hossain, Md Mobarak, 2018. "Population Growth and Economic Development in Bangladesh: Revisited Malthus," MPRA Paper 90826, University Library of Munich, Germany.
• Yildirim, Ramazan & Masih, Mansur & Bacha, Obiyathulla, 2017. "Determinants of capital structure - Evidence from Shari'ah compliant and non-compliant firms," MPRA Paper 90280, University Library of Munich, Germany, revised 26 May 2018.
• George-Marios Angeletos & Karthik A. Sastry, 2018. "Managing Expectations: Instruments vs. Targets," NBER Working Papers 25404, National Bureau of Economic Research, Inc.
• Ross Levine & Yona Rubinstein, 2018. "Selection into Entrepreneurship and Self-Employment," NBER Working Papers 25350, National Bureau of Economic Research, Inc.
• Peter J. Montiel & Peter Pedroni, 2018. "Trilemma-Dilemma: Constraint or Choice? Some Empirical Evidence from a Structurally Identified Heterogeneous Panel VAR," Department of Economics Working Papers 2018-08, Department of Economics, Williams College.
• Sona Benecka & Ludmila Fadejeva & Martin Feldkircher, 2018. "Spillovers from Euro Area Monetary Policy: A Focus on Emerging Europe," Working Papers 2018/04, Latvijas Banka.
• Jorge Duran & Omar Licandro, 2018. "Is the Output Growth Rate in NIPA a Welfare Measure?," AMSE Working Papers 1840, Aix-Marseille School of Economics, France.
• Nicholas Oulton & Ana Rincon-Aznar & Lea Samek & Sylaja Srinivasan, 2018. "Double deflation: theory and practice," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-17, Economic Statistics Centre of Excellence (ESCoE).
• Cantoni, Davide & Dittmar, Jeremiah & Yuchtman, Noam, 2018. "Religious competition and reallocation: the political economy of secularization in the Protestant Reformation," LSE Research Online Documents on Economics 91319, London School of Economics and Political Science, LSE Library.
• Thorsten Klug & Eric Mayer & Tobias Schuler, 2018. "The Corporate Saving Glut and the Current Account in Germany," ifo Working Paper Series 280, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
• Harjaat S. Bhamra & Christian Dorion & Alexandre Jeanneret & Michael Weber & Michael Weber, 2018. "Low Inflation: High Default Risk AND High Equity Valuations," CESifo Working Paper Series 7391, CESifo.
• Sewon Hur & Illenin O. Kondo & Fabrizio Perri, 2018. "Real Interest Rates, Inflation, and Default," Staff Report 574, Federal Reserve Bank of Minneapolis.
• Nicodème, Gaëtan & Caiumi, Antonella & Majewski, Ina, 2018. "What Happened to CIT collection? Solving the Rates-Revenues Puzzle," CEPR Discussion Papers 13385, C.E.P.R. Discussion Papers.
• Adrien Lutz, 2018. "On commercial gluts, or when the Saint-Simonians adopted Jean-Baptiste Say’s view," Working Papers 1838, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
• International Monetary Fund, 2018. "Mexico; Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report," IMF Staff Country Reports 18/332, International Monetary Fund.
• International Monetary Fund, 2018. "Rwanda; Tenth Review Under the Policy Support Instrument-Press Release; Staff Report; and Statement by the Executive Director for Rwanda," IMF Staff Country Reports 18/335, International Monetary Fund.
• John Bailey Jones & Yue Li, 2017. "The Effects of Collecting Income Taxes on Social Security Benefits," CINCH Working Paper Series 1706, Universitaet Duisburg-Essen, Competent in Competition and Health, revised Jun 2017.
• Elmrabet, Maissa & Boulila, Ghazi, 2018. "Causality deficit-inflation: Wavelet Transform," MPRA Paper 90505, University Library of Munich, Germany.
• Mieke Dujardin & Freddy Heylen, 2018. "Raising Employment: Fiscal Policy, Wage Formation, And Their Impact On Welfare, Inequality And Poverty – A General Equilibrium Analysis," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 18/950, Ghent University, Faculty of Economics and Business Administration.
• Gabor Uliha & Janos Vincze, 2018. "Exchange rates and prices: a continuous wavelet perspective," CERS-IE WORKING PAPERS 1833, Institute of Economics, Centre for Economic and Regional Studies.
• Yariv, Leeat & Jackson, Matthew O., 2018. "The Non-Existence of Representative Agents," CEPR Discussion Papers 13397, C.E.P.R. Discussion Papers.
• International Monetary Fund, 2018. "Belize; 2018 Article IV Consultation-Press Release; Staff Report; Informational Annex; Debit Sustainability Analysis and Statement by the Executive Director for Belize," IMF Staff Country Reports 18/327, International Monetary Fund.
• María Gil & Javier J. Pérez & A. Jesús Sánchez & Alberto Urtasun, 2018. "Nowcasting private consumption: traditional indicators, uncertainty measures, credit cards and some internet data," Working Papers 1842, Banco de España.
• International Monetary Fund, 2018. "Japan; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan," IMF Staff Country Reports 18/333, International Monetary Fund.
• David López-Rodríguez & Cristina García Ciria, 2018. "Estructura impositiva de España en el contexto de la Unión Europea," Occasional Papers 1810, Banco de España.
• Stéphane Sorbe & Peter Gal & Valentine Millot, 2018. "Can productivity still grow in service-based economies?: Literature overview and preliminary evidence from OECD countries," OECD Economics Department Working Papers 1531, OECD Publishing.
• Rose, Andrew & Furceri, Davide & Ahmed Hannan, Swarnali & Ostry, Jonathan D., 2018. "Macroeconomic Consequences of Tariffs," CEPR Discussion Papers 13389, C.E.P.R. Discussion Papers.
• Marcella Lorenzini, 2018. "Expenditures and food consumption of a patrician family in nineteenth-century Trentino: the Bossi Fedrigotti," HHB Working Papers Series 15, The Historical Household Budgets Project.
• Itamar Caspi & Amit Friedman & Sigal Ribon, 2018. "The Immediate Impact and Persistent Effect of FX Purchases on the Exchange Rate," Bank of Israel Working Papers 2018.04, Bank of Israel.
• Vinicius Ratton Brandi & Joaquim Pinto de Andrade, 2018. "Avaliação de Políticas Macroprudenciais em um Modelo com Fricções Financeiras Estimado para a Economia Brasileira," Working Papers Series 491, Central Bank of Brazil, Research Department.
• Matteo Maggiori & Brent Neiman & Jesse Schreger, 2018. "The Rise of the Dollar and Fall of the Euro as International Currencies," NBER Working Papers 25410, National Bureau of Economic Research, Inc.
• International Monetary Fund, 2018. "United Kingdom; 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for United Kingdom," IMF Staff Country Reports 18/316, International Monetary Fund.
• Vasily Astrov & Rumen Dobrinsky & Richard Grieveson & Doris Hanzl-Weiss & Peter Havlik & Gabor Hunya & Sebastian Leitner & Isilda Mara & Olga Pindyuk & Leon Podkaminer & Sandor Richter & Hermine Vidov, 2018. "Monthly Report No. 6/2018," wiiw Monthly Reports 2018-06, The Vienna Institute for International Economic Studies, wiiw.
• International Monetary Fund, 2018. "Spain; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain," IMF Staff Country Reports 18/330, International Monetary Fund.
• Hashmat Khan & Matthew Strathearn, 2018. "Collusion and Antitrust Filings over the Business Cycle," Carleton Economic Papers 18-13, Carleton University, Department of Economics.
• Flavio E. Buchieri, 2018. "La crisis bancaria y cambiaria de Argentina en el 2001: Evidencia empírica para un modelo teórico con equilibrios múltiples," CEMA Working Papers: Serie Documentos de Trabajo. 672, Universidad del CEMA.
• Strulik, Holger, 2018. "I shouldn't eat this donut: Self-control, body weight, and health in a life cycle model," University of Göttingen Working Papers in Economics 360, University of Goettingen, Department of Economics.
• Pazhanisamy, R., 2018. "Re examination of Kinked Demand Oligopoly Market: Theory, Evidence and Policy Implications from Lakshadweep," MPRA Paper 91176, University Library of Munich, Germany, revised 25 Dec 2018.
• -, 2018. "U.S. Economic Outlook: Quarterly developments," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 44330, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
• Shakill Hassan & Siobhan Redford, 2017. "01 Dispersion of Inflation Expectations March 2015 2," Occasional Bulletin of Economic Notes 8894, South African Reserve Bank.
• Alain Venditti, 2018. "Competitive Equilibrium Cycles for Small Discounting in Discrete-Time Two-Sector Optimal Growth Models," Working Papers halshs-01934842, HAL.