Report NEP-MAC-2019-02-11

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:

• van Buggenum, Hugo & Uras, Burak, 2019. "Money, Asset Markets and Efficiency of Capital Formation," Discussion Paper 2019-002, Tilburg University, Center for Economic Research.
• Thorgeirsson, Thorsteinn, 2018. "New Frontiers in the Euro Debate in Iceland," MPRA Paper 90607, University Library of Munich, Germany.
• Parantap Basu & Kenji Wada, 2018. "Unconventional Monetary Policy and the Bond Market in Japan: A New-Keynesian Perspective," IMES Discussion Paper Series 18-E-12, Institute for Monetary and Economic Studies, Bank of Japan.
• D'Acunto, Francesco & Hoang, Daniel & Paloviita, Maritta & Weber, Michael, 2019. "IQ, expectations, and choice," Working Paper Series in Economics 127, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
• D'Acunto, Francesco & Hoang, Daniel & Paloviita, Maritta & Weber, Michael, 2019. "Human frictions in the transmission of economic policy," Working Paper Series in Economics 128, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
• Aleksandar Vasilev, 2019. "Are "Fair" Wages Quantitatively Important for Business Cycle Fluctuations in Bulgaria?," Bulgarian Economic Papers bep-2019-03, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Feb 2019.
• Nizam, Ahmed Mehedi, 2019. "The Bank Multiplier and A New Mechanism for the Transmission of the Monetary Policy," MPRA Paper 91904, University Library of Munich, Germany.
• António Afonso & Joana Sousa-Leite, 2019. "The Transmission of Unconventional Monetary Policy to Bank Credit Supply: Evidence from the TLTRO," Working Papers REM 2019/65, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Ansgar Rannenberg, 2019. "Forward guidance with preferences over safe assets," Working Paper Research 364, National Bank of Belgium.
• Congressional Budget Office, 2017. "The 2017 Long-Term Budget Outlook," Reports 52480, Congressional Budget Office.
• Olivier Coibion & Yuriy Gorodnichenko & Mauricio Ulate, 2019. "Is Inflation Just Around the Corner? The Phillips Curve and Global Inflationary Pressures," NBER Working Papers 25511, National Bureau of Economic Research, Inc.
• David Finck & Peter Tillmann, 2019. "The Role of Global and Domestic Shocks for In flation Dynamics: Evidence from Asia," MAGKS Papers on Economics 201904, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Holden, Tom D. & Levine, Paul & Swarbrick, Jonathan M., 2018. "Credit crunches from occasionally binding bank borrowing constraints," Discussion Papers 57/2018, Deutsche Bundesbank.
• Paul Levine, 2019. "The State of DSGE Modelling," School of Economics Discussion Papers 0319, School of Economics, University of Surrey.
• Christian Grimme, 2019. "Uncertainty and the Cost of Bank vs. Bond Finance," CESifo Working Paper Series 7456, CESifo.
• Tzamourani, Panagiota, 2019. "The interest rate exposure of euro area households," Discussion Papers 01/2019, Deutsche Bundesbank.
• Pérez, Fernando, 2018. "Nowcasting Peruvian GDP using Leading Indicators and Bayesian Variable Selection," Working Papers 2018-010, Banco Central de Reserva del Perú.
• Régis Barnichon & Geert Mesters, 2019. "The Phillips multiplier," Economics Working Papers 1632, Department of Economics and Business, Universitat Pompeu Fabra.
• Oliver de Groot, 2019. "A Financial Accelerator through Coordination Failure," Discussion Paper Series, School of Economics and Finance 201902, School of Economics and Finance, University of St Andrews.
• Michel de Vroey, 2018. "The History of Recent Macroeconomics Through the Lens of the Marshall-Walras Divide," LIDAM Discussion Papers IRES 2018018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Christl, Michael, 2019. "A Beveridge curve decomposition for Austria: What drives the unemployment rate?," Working Papers 17, Agenda Austria.
• Gondo, Rocío & Pérez, Fernando, 2018. "The Transmission of Exogenous Commodity and Oil Prices shocks to Latin America - A Panel VAR approach," Working Papers 2018-012, Banco Central de Reserva del Perú.
• Franz, Thorsten, 2019. "Monetary policy, housing, and collateral constraints," Discussion Papers 02/2019, Deutsche Bundesbank.
• Robert Lehmann & Timo Wollmershäuser, 2019. "The Macroeconomic Projections of the German Government: A Comparison to an Independent Forecasting Institution," CESifo Working Paper Series 7460, CESifo.
• John B. Donaldson & Rajnish Mehra, 2019. "Average Crossing Time: An Alternative Characterization of Mean Aversion and Reversion," NBER Working Papers 25519, National Bureau of Economic Research, Inc.
• Jason Choi & Andrew Foerster, 2020. "Optimal Monetary Policy Regime Switches," Working Paper Series 2019-3, Federal Reserve Bank of San Francisco.
• Edward Nelson, 2019. "The Monetary Base in Allan Meltzer's Analytical Framework," Finance and Economics Discussion Series 2019-001, Board of Governors of the Federal Reserve System (U.S.).
• Kyungmin Kim & Antoine Martin & Ed Nosal, 2018. "Can the U.S. Interbank Market Be Revived?," FRB Atlanta Working Paper 2018-13, Federal Reserve Bank of Atlanta.
• International Monetary Fund, 2019. "Panama; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama," IMF Staff Country Reports 19/11, International Monetary Fund.
• Adam Hale Shapiro & Daniel J. Wilson, 2021. "Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis," Working Paper Series 2019-2, Federal Reserve Bank of San Francisco.
• Robert Calvert Jump & Paul Levine, 2019. "Behavioural New Keynesian Models," School of Economics Discussion Papers 0219, School of Economics, University of Surrey.
• Taniya Ghosh & Prashant Mehul Parab, 2019. "Testing the Friedman-Schwartz hypothesis using time varying correlation," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-001, Indira Gandhi Institute of Development Research, Mumbai, India.
• António Afonso & João Tovar Jalles, 2019. "Stock Flow Adjustments in Sovereign Debt Dynamics: The Role of Fiscal Frameworks," Working Papers REM 2019/66, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Chiara Pederzoli & Costanza Torricelli, 2019. "The impact of the Fundamental Review of the Trading Book: A preliminary assessment on a stylized portfolio," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0075, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
• International Monetary Fund, 2019. "Former Yugoslav Republic of Macedonia; 2018 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia," IMF Staff Country Reports 19/32, International Monetary Fund.
• International Monetary Fund, 2018. "Central African Republic; 2018 Article IV Consultation, Fifth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review," IMF Staff Country Reports 18/380, International Monetary Fund.
• Ernest Liu & Atif Mian & Amir Sufi, 2019. "Low Interest Rates, Market Power, and Productivity Growth," NBER Working Papers 25505, National Bureau of Economic Research, Inc.
• AMEDANOU, Yawovi M. Isaac, 2019. "Taxation Optimale et Croissance Economique au Togo : une Evidence Empirique en Séries Temporelles [Optimal Taxation and Economic Growth in Togo: Empirical Investigation in Time Series]," MPRA Paper 92003, University Library of Munich, Germany.
• Bruce McGough & Ryuichi Nakagawa, 2019. "Stability of Sunspot Equilibria under Adaptive Learning with Imperfect Information," Working Papers on Central Bank Communication 005, University of Tokyo, Graduate School of Economics.
• Tarishi Matsuoka & Makoto Watanabe, 2019. "Banking Panics and the Lender of Last Resort in a Monetary Economy," CESifo Working Paper Series 7451, CESifo.
• Jean-Bernard Chatelain & Kirsten Ralf, 2018. "Imperfect Credibility versus No Credibility of Optimal Monetary Policy," Working Papers halshs-01849864, HAL.
• Steffen Andersen & Philippe d'Astous & Jimmy Martínez-Correa & Stephen H. Shore, 2018. "Responses to Savings Commitments: Evidence from Mortgage Run-offs," Cahiers de recherche / Working Papers 1, Institut sur la retraite et l'épargne / Retirement and Savings Institute.
• Travis J. Berge & Andrew C. Chang & Nitish R. Sinha, 2019. "Evaluating the Conditionality of Judgmental Forecasts," Finance and Economics Discussion Series 2019-002, Board of Governors of the Federal Reserve System (U.S.).
• Martin, Carolin & Schmitt, Noemi & Westerhoff, Frank, 2019. "Housing markets, expectation formation and interest rates," BERG Working Paper Series 142, Bamberg University, Bamberg Economic Research Group.
• International Monetary Fund, 2019. "Kingdom of the Netherlands—Curaçao and Sint Maarten; 2018 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 19/23, International Monetary Fund.
• International Monetary Fund, 2019. "Albania; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania," IMF Staff Country Reports 19/29, International Monetary Fund.
• Sell, Friedrich L., 2019. "Innovationen, Imitationen und Differenzgewinne: Die Barone-Kurve im Kontext wirtschaftlicher Entwicklung," Working Papers in Economics 2019,1, Bundeswehr University Munich, Economic Research Group.
• Ragnar Nymoen & Victoria Sparrman & Bjorn Dapi, 2019. "Robustness of the Norwegian wage formation system and free EU labour movement. Evidence from wage data for natives," Discussion Papers 895, Statistics Norway, Research Department.
• Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2019. "Unemployment Fluctuations Over the Life Cycle," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01984987, HAL.
• Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2019. "Unemployment Fluctuations Over the Life Cycle," Working Papers hal-01984987, HAL.
• Marginean, Mihai, 2018. "Romanian`s fiscal policy in the context of the global crisis and implication," MPRA Paper 91736, University Library of Munich, Germany.
• International Monetary Fund, 2019. "Ukraine; Technical Assistance Report-Report on Residential Property Price Index Capacity Development Mission," IMF Staff Country Reports 19/13, International Monetary Fund.
• Anttonen, Jetro & Kuusi, Tero & Lehmus, Markku & Orjasniemi, Seppo, 2019. "2013 – The Finnish Divergence," ETLA Brief 76, The Research Institute of the Finnish Economy.
• Agnès Bénassy-Quéré & Matthieu Bussière & Pauline Wibaux, 2018. "Trade and currency weapons," Working Papers halshs-01820745, HAL.
• Hippolyte d'Albis & Ekrame Boubtane & Dramane Coulibaly, 2018. "Macroeconomic evidence suggests that asylum seekers are not a “burden” for Western European countries," Working Papers halshs-01821515, HAL.
• Jean-Bernard Chatelain & Kirsten Ralf, 2018. "The Indeterminacy of Determinacy with Fiscal, Macro-prudential or Taylor Rules," Working Papers halshs-01877766, HAL.
• Eickmeier, Sandra & Kolb, Benedikt & Prieto, Esteban, 2018. "Effects of bank capital requirement tightenings on inequality," Discussion Papers 54/2018, Deutsche Bundesbank.
• Contreras, Alex & Gondo, Rocío & Pérez, Fernando & Oré, Erick, 2018. "Assessing the impact of credit de-dollarization measures in Peru," Working Papers 2018-009, Banco Central de Reserva del Perú.
• International Monetary Fund, 2019. "Burkina Faso; 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performa," IMF Staff Country Reports 19/15, International Monetary Fund.
• Conrad, Christian & Schienle, Melanie, 2019. "Testing for an omitted multiplicative long-term component in GARCH models," Working Paper Series in Economics 121, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
• Brinca, Pedro & Duarte, João B. & Holter, Hans A. & Oliveira, João G., 2019. "Investment-Specific Technological Change, Taxation and Inequality in the U.S," MPRA Paper 91960, University Library of Munich, Germany.
• Bernardin Akitoby & Jiro Honda & Hiroaki Miyamoto, 2019. "Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries," IMF Working Papers 19/4, International Monetary Fund.
• Murasawa, Yasutomo, 2019. "Bayesian multivariate Beveridge--Nelson decomposition of I(1) and I(2) series with cointegration," MPRA Paper 91979, University Library of Munich, Germany.
• International Monetary Fund, 2019. "Republic of Belarus; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Belarus," IMF Staff Country Reports 19/9, International Monetary Fund.
• Jos'e Moran & Jean-Philippe Bouchaud, 2019. "May's Instability in Large Economies," Papers 1901.09629, arXiv.org, revised Sep 2019.
• Albu, Lucian-Liviu & Marcu, Nicu, 2018. "Convergenta macroeconomica si regionala," Studii Economice 181214, Institutul National de Cercetari Economice (INCE).
• Saldarriaga, Miguel, 2018. "Credit Booms in Commodity Exporters," Working Papers 2018-008, Banco Central de Reserva del Perú.
• Kar, Saibal & Mandal, Biswajit & Marjit, Sugata & Mukherjee, Vivekananda, 2019. "Seeking Rent in the Informal Sector," IZA Discussion Papers 12068, Institute of Labor Economics (IZA).
• F. J. Escribá-Pérez & M. J. Murgui-García & J. R. Ruiz-Tamarit, 2019. "Capital Stock and Depreciation: Theory and an Empirical Application," LIDAM Discussion Papers IRES 2019004, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• International Monetary Fund, 2019. "Senegal; Staff Report for the 2018 Article IV Consultation and Seventh Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria--Debt Sustainability Analysis-Pres," IMF Staff Country Reports 19/27, International Monetary Fund.
• International Monetary Fund, 2019. "People's Republic of China-Hong Kong Special Administrative Region; 2018 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 19/20, International Monetary Fund.
• International Monetary Fund, 2019. "Finland; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland," IMF Staff Country Reports 19/7, International Monetary Fund.
• Banfi, Stefano & Villena-Roldán, Benjamín, 2018. "Do High-Wage Jobs Attract more Applicants? Directed Search Evidence from the Online Labor Market," MPRA Paper 91756, University Library of Munich, Germany.
• Francisco (F.) Blasques & Marc Nientker, 2019. "Transformed Perturbation Solutions for Dynamic Stochastic General Equilibrium Models," Tinbergen Institute Discussion Papers 19-012/III, Tinbergen Institute, revised 09 Feb 2020.
• International Monetary Fund, 2019. "Lao People’s Democratic Republic; Technical Assistance Report-Report on National Accounts Statistics Mission," IMF Staff Country Reports 19/6, International Monetary Fund.
• Christina Christou & Giray Gozgor & Rangan Gupta & Chi-Keung (Marco) Lau, 2019. "Are Uncertainties across the World Convergent?," Working Papers 201907, University of Pretoria, Department of Economics.
• Jakob, Michael & Soria, Rafael & Trinidad, Carlos & Edenhofer, Ottmar & Bak, Céline & Bouille, Daniel & Buira, Daniel & Carlino, Hernan & Gutman, Veronica & Hübner, Christian & Knopf, Brigitte & Lucen, 2018. "Green fiscal reform for a just energy transition in Latin America," Economics Discussion Papers 2018-86, Kiel Institute for the World Economy (IfW Kiel).
• Hippolyte W. Balima & Amadou N Sy, 2019. "The Impact of Bailouts on the Probability of Sovereign Debt Crises: Evidence from IMF-Supported Programs," IMF Working Papers 19/2, International Monetary Fund.
• International Monetary Fund, 2019. "Gabon; Gabon: Third Review under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criterio," IMF Staff Country Reports 19/17, International Monetary Fund.
• Craig S. Hakkio & Jun Nie, 2018. "Forecasting Foreign Economic Growth Using Cross-Country Data," Research Working Paper RWP 18-14, Federal Reserve Bank of Kansas City.
• Sebastian Weinand & Ludwig von Auer, 2019. "Anatomy of Regional Price Differentials: Evidence From Micro Price Data," Research Papers in Economics 2019-03, University of Trier, Department of Economics.