Report NEP-MAC-2019-02-18

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.

Other reports in NEP-MAC

The following items were announced in this report:

• Daniele Tavani & Luke Petach, 2019. "Firm beliefs and long-run demand effects in a labor-constrained model of growth and distribution," Working Papers PKWP1903, Post Keynesian Economics Society (PKES).
• Simon Gilchrist & Egon Zakrajšek, 2019. "Trade Exposure and the Evolution of Inflation Dynamics," Finance and Economics Discussion Series 2019-007, Board of Governors of the Federal Reserve System (U.S.).
• Lorenzo Burlon & Paolo D'Imperio, 2019. "The euro-area output gap through the lens of a DSGE model," Questioni di Economia e Finanza (Occasional Papers) 477, Bank of Italy, Economic Research and International Relations Area.
• Anne Kathrin Funk, 2019. "Quantitative easing in the euro area and SMEs' access to finance: Who benefits the most?," IHEID Working Papers 02-2019, Economics Section, The Graduate Institute of International Studies.
• Jan Zacek, 2018. "Should Monetary Policy Lean against the Wind? An Evidence from a DSGE Model with Occasionally Binding Constraint," Working Papers IES 2018/37, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2018.
• Giuseppe Ferrero & Mario Pietrunti & Andrea Tiseno, 2019. "Benefits of gradualism or costs of inaction? Monetary policy in times of uncertainty," Temi di discussione (Economic working papers) 1205, Bank of Italy, Economic Research and International Relations Area.
• Di Casola, Paola & Sichlimiris, Spyridon, 2018. "Towards Technology-News-Driven Business Cycles," Working Paper Series 360, Sveriges Riksbank (Central Bank of Sweden).
• Ioannis Lazopoulos & Vasco J. Gabriel, 2019. "Policy Mandates and Institutional Architecture," School of Economics Discussion Papers 0419, School of Economics, University of Surrey.
• Kessel, Dany & Tyrefors, Björn & Vestman, Roine, 2018. "The Housing Wealth Effect: Quasi-Experimental Evidence," Working Paper Series 361, Sveriges Riksbank (Central Bank of Sweden).
• Hess T. Chung & Etienne Gagnon & Taisuke Nakata & Matthias Paustian & Bernd Schlusche & James Trevino & Diego Vilán & Wei Zheng, 2019. "Monetary Policy Options at the Effective Lower Bound : Assessing the Federal Reserve's Current Policy Toolkit," Finance and Economics Discussion Series 2019-003, Board of Governors of the Federal Reserve System (U.S.).
• Kessel, Dany & Tyrefors, Björn & Vestman, Roine, 2019. "The Housing Wealth Effect: Quasi-Experimental Evidence," Working Paper Series 1262, Research Institute of Industrial Economics.
• Kohei Hasui & Yoshiyuki Nakazono & Yuki Teranishi, 2019. "Role of expectations in a liquidity trap," CAMA Working Papers 2019-16, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Takayuki Tsuruga & Shota Wake, 2019. "Money-financed fiscal stimulus: The effects of implementation lag," CAMA Working Papers 2019-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Andrea Colabella, 2019. "Do the ECB’s monetary policies benefit emerging market economies? A GVAR analysis on the crisis and post-crisis period," Temi di discussione (Economic working papers) 1207, Bank of Italy, Economic Research and International Relations Area.
• Stefano Di Bucchianico, 2019. "A critical analysis of the secular stagnation theory," Departmental Working Papers of Economics - University 'Roma Tre' 0245, Department of Economics - University Roma Tre.
• Adriana Grasso & Tiziano Ropele, 2018. "Firms’ inflation expectations and investment plans," Temi di discussione (Economic working papers) 1203, Bank of Italy, Economic Research and International Relations Area.
• Chong, Terence Tai Leung & Wu, Zhang, 2018. "Price Rigidity in China: Empirical Results at Home and Abroad," MPRA Paper 92013, University Library of Munich, Germany.
• Marco Vega & César Martinelli, 2018. "The Monetary and Fiscal History of Peru, 1960-2017: Radical Policy Experiments, Inflation and Stabilization," Documentos de Trabajo / Working Papers 2018-468, Departamento de Economía - Pontificia Universidad Católica del Perú.
• André Binette & Dmitri Tchebotarev, 2019. "Canada’s Monetary Policy Report: If Text Could Speak, What Would It Say?," Staff Analytical Notes 2019-5, Bank of Canada.
• James Chapman & Carolyn A. Wilkins, 2019. "Crypto ‘Money’: Perspective of a Couple of Canadian Central Bankers," Discussion Papers 2019-1, Bank of Canada.
• Gardberg, Malin, 2019. "Financial Reforms and Low-Income Households’ Impact on International Consumption Risk Sharing," Working Paper Series 1261, Research Institute of Industrial Economics, revised 30 Jun 2022.
• Ki Young Park & Youngjoon Lee & Soohyon Kim, 2019. "Deciphering Monetary Policy Board Minutes through Text Mining Approach: The Case of Korea," Working Papers 2019-1, Economic Research Institute, Bank of Korea.
• Christos Kotsogiannis & Xavier Mateos-Planas, 2019. "Tax Evasion as Contingent Debt," Discussion Papers 1903, Centre for Macroeconomics (CFM).
• António Afonso & João Tovar Jalles & Mina Kazemi, 2019. "The Effects of Macroeconomic, Fiscal and Monetary Policy Announcements on Sovereign Bond Spreads: An Event Study from the EMU," Working Papers REM 2019/67, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Fethi Ogunc & Mustafa Utku Ozmen & Cagri Sarikaya, 2018. "Inflation Dynamics in Turkey from a Bayesian Perspective," Working Papers 1810, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Pawel Krolikowski, 2019. "Job Heterogeneity and Aggregate Labor Market Fluctuations," Working Papers 19-04, Federal Reserve Bank of Cleveland.
• Ronald Heijmans & Chen Zhou, 2019. "Outlier detection in TARGET2 risk indicators," DNB Working Papers 624, Netherlands Central Bank, Research Department.
• Bobeica, Elena & Ciccarelli, Matteo & Vansteenkiste, Isabel, 2019. "The link between labor cost and price inflation in the euro area," Working Paper Series 2235, European Central Bank.
• Lindé, Jesper & Pescatori, Andrea, 2018. "The Macroeconomic Effects of Trade Tariffs: Revisiting the Lerner Symmetry Result," Working Paper Series 363, Sveriges Riksbank (Central Bank of Sweden).
• Ubi-Abai, Itoro & Ekere, Daniel, 2018. "Fiscal Policy, Monetary Policy and Economic Growth in Sub-Saharan Africa," MPRA Paper 91950, University Library of Munich, Germany.
• Darracq Pariès, Matthieu & Körner, Jenny & Papadopoulou, Niki, 2019. "Empowering central bank asset purchases: The role of financial policies," Working Paper Series 2237, European Central Bank.
• Faraglia, E. & Marcet, A. & Oikonomou, R. & Scott, A., 2019. "Long Term Government Bonds," Cambridge Working Papers in Economics 1683, Faculty of Economics, University of Cambridge.
• Julian Kozlowski & Laura Veldkamp & Venky Venkateswaran, 2019. "The Tail that Wags the Economy: Beliefs and Persistent Stagnation," Working Papers 2019-6, Federal Reserve Bank of St. Louis.
• Nam Gang Lee, 2019. "Trend Growth Shocks and Asset Prices," Working Papers 2019-4, Economic Research Institute, Bank of Korea.
• Peter Ganong & Pascal Noel, 2019. "Consumer Spending During Unemployment: Positive and Normative Implications," Working Papers 2019-006, Human Capital and Economic Opportunity Working Group.
• Stefania Gabriele & Enrico D’Elia, 2019. "Labour and capital remuneration in the OECD countries," Working Papers LuissLab 19146, Dipartimento di Economia e Finanza, LUISS Guido Carli.
• Edward Nelson, 2019. "Karl Brunner and U.K. Monetary Debate," Finance and Economics Discussion Series 2019-004, Board of Governors of the Federal Reserve System (U.S.).
• Laurence M. Ball & Sandeep Mazumder, 2019. "The Nonpuzzling Behavior of Median Inflation," NBER Working Papers 25512, National Bureau of Economic Research, Inc.
• Kwangyong Park, 2019. "Uncertainty, Attention Allocation and Monetary Policy Asymmetry," Working Papers 2019-5, Economic Research Institute, Bank of Korea.
• Ben Charoenwong & Randall Morck & Yupana Wiwattanakantang, 2019. "Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing," NBER Working Papers 25525, National Bureau of Economic Research, Inc.
• Germán Gutiérrez & Thomas Philippon, 2019. "Fading Stars," NBER Working Papers 25529, National Bureau of Economic Research, Inc.
• Paulo de Carvalho Lins & Marcio Issao Nakane, 2019. "Floating-rate bonds and monetary policy effectiveness: insights from a DSGE model," Working Papers, Department of Economics 2019_08, University of São Paulo (FEA-USP).
• José U Mora & Rafael A Acevedo, 2018. "Modelo de Desarrollo Propio y su Potencial para la Construcción de Paz Territorial," Working Papers 39, Faculty of Economics and Management, Pontificia Universidad Javeriana Cali.
• Oguzhan Cepni & Ibrahim Ethem Guney & Doruk Kucuksarac & Muhammed Hasan Yilmaz, 2018. "The Interaction between Yield Curve and Macroeconomic Factors," CBT Research Notes in Economics 1802, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Loretta J. Mester, 2019. "Perspectives on the Economic Outlook and Monetary Policy in the Coming Year: 02-04-2019; The 50 Club, Cleveland, Ohio," Speech 103, Federal Reserve Bank of Cleveland.
• Maryam Farboodi & Roxana Mihet & Thomas Philippon & Laura Veldkamp, 2019. "Big Data and Firm Dynamics," NBER Working Papers 25515, National Bureau of Economic Research, Inc.
• Alessio Moro & Satoshi Tanaka, 2019. "Sectoral Shocks and Home Substitution," Discussion Papers Series 602, School of Economics, University of Queensland, Australia.
• Ashoka Mody & Milan Nedeljkovic, 2018. "Central Bank Policies and Financial Markets: Lessons from the Euro Crisis," Working Papers 253, Princeton University, Department of Economics, Center for Economic Policy Studies..
• Desislava C. Andreeva & Miguel García-Posada, 2019. "The impact of the ECB’s targeted long-term refinancing operations on banks’ lending policies: the role of competition," Working Papers 1903, Banco de España.
• Kiss, Aron & Van Herck, Kristine, 2019. "Short-Term and Long-Term Determinants of Moderate Wage Growth in the EU," IZA Policy Papers 144, Institute of Labor Economics (IZA).
• Zelal Aktas & Yasemin Erduman & Neslihan Kaya Eksi, 2018. "The Effect of Fed�s Future Policy Expectations on Country Shares in Emerging Market Portfolio Flows," Working Papers 1809, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Daniel G. Garrett & Eric C. Ohrn & Juan Carlos Suárez Serrato, 2019. "Tax Policy and Local Labor Market Behavior," NBER Working Papers 25546, National Bureau of Economic Research, Inc.
• Selcuk Gul & Huseyin Tastan, 2018. "The Impact of Monetary Policy Stance, Financial Conditions, and the GFC on Investment-Cash Flow Sensitivity," Working Papers 1811, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Guimarães, Luis & Gil, Pedro, 2019. "Explaining the labor share: automation vs labor market institutions," MPRA Paper 92062, University Library of Munich, Germany.
• Adolfson, Malin & Laséen, Stefan & Lindé, Jesper & Ratto, Marco, 2018. "Identification Versus Misspecification in New Keynesian Monetary Policy Models," Working Paper Series 362, Sveriges Riksbank (Central Bank of Sweden).
• Aytul Ganioglu, 2018. "Net External Position, Financial Development, and Banking Crisis," Working Papers 1814, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Matuka, Adelajda, 2019. "Exchange Rate Pass-Through to Prices: VAR Evidence for Albania," MPRA Paper 92005, University Library of Munich, Germany.
• Loretta J. Mester, 2019. "The Outlook for the Economy and Monetary Policy; 02.13.19; University of Kentucky Gatton College of Business and Economics, 2019 Economic Outlook Conference, Lexington, KY," Speech 105, Federal Reserve Bank of Cleveland.
• Loretta J. Mester, 2019. "The Outlook for the Economy and Monetary Policy; 02.12.19; Financial Executives International and Xavier University, Cincinnati, OH," Speech 104, Federal Reserve Bank of Cleveland.
• Fernando J. Cardim de Carvalho, 2019. "Economic Planning under Capitalism: The New Deal and Postwar France Experiments," Economics Working Paper Archive wp_923, Levy Economics Institute.
• Valerie A. Ramey, 2019. "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," NBER Working Papers 25531, National Bureau of Economic Research, Inc.
• Mauro Bambi & Fausto Gozzi, 2019. "Internal Habit Formation and Optimality," Working Papers 2019_01, Durham University Business School.
• Wilko Bolt & Kostas Mavromatis & Sweder van Wijnbergen, 2019. "The Global Macroeconomics of a Trade War. The EAGLE model on the US-China trade conflict," DNB Working Papers 623, Netherlands Central Bank, Research Department.
• Di Nola, Alessandro & Kocharkov, Georgi & Vasilev, Aleksandar, 2018. "Envelope Wages, Hidden Production and Labor Productivity," MPRA Paper 91945, University Library of Munich, Germany.
• Kevin Lee & James Morley & Kalvinder Shields & Madeleine Sui-Lay Tan, 2019. "The Australian real-time fiscal database: A overview and an illustration of its use in analysing planned and realised fiscal policies," CAMA Working Papers 2019-14, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Iftekhar Hasan & Roman Horvath & Jan Mares, 2018. "Finance and Wealth Inequality," Working Papers IES 2018/35, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2018.
• Grassetti, Francesca & Mammana, Cristiana & Michetti, Elisabetta, 2019. "On the interaction between real economy and financial markets," MPRA Paper 91975, University Library of Munich, Germany.
• Grey Gordon & Pablo Guerrón-Quintana, 2019. "On Regional Borrowing, Default, and Migration," Working Paper 19-4, Federal Reserve Bank of Richmond.
• de Renzio, Paolo & Wehner, Joachim, 2017. "The impacts of fiscal openness," LSE Research Online Documents on Economics 82521, London School of Economics and Political Science, LSE Library.
• José U Mora Mora & Celso J Costa Junior, 2018. "FDI asymmetries in emerging economies:the case of Colombia," Working Papers 38, Faculty of Economics and Management, Pontificia Universidad Javeriana Cali.
• Kevin Lee & James Morley & Kian Ong & Kalvinder Shields, 2019. "Measuring the fiscal multiplier when plans take time to implement," CAMA Working Papers 2019-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Bao H. Nguyen & Tatsuyoshi Okimoto & Trung Duc Tran, 2019. "Uncertainty and sign-dependent effects of oil market shocks," CAMA Working Papers 2019-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ch.-M. CHEVALIER, 2018. "Consumption inequality in France between 1995 and 2011," Documents de Travail de l'Insee - INSEE Working Papers g2018-07, Institut National de la Statistique et des Etudes Economiques.
• Tayyar Buyukbasaran & Cem Cebi & Hande Kucuk, 2018. "The Interaction between Monetary and Fiscal Policies in a Small Scale Structural Model," CBT Research Notes in Economics 1815, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Grodecka, Anna & Kenny, Seán & Ögren, Anders, 2018. "Predictors of Bank Distress:The 1907 Crisis in Sweden," Working Paper Series 358, Sveriges Riksbank (Central Bank of Sweden).
• Douglas Davis & Oleg Korenok & Peter Norman & Bruno Sultanum & Randall Wright, 2019. "Playing with Money," Working Paper 19-2, Federal Reserve Bank of Richmond.
• Grant Allan & Kevin Connolly & Andrew G Ross & Peter McGregor, 2018. "Incorporating CO2 emissions into macroeconomic models through primary energy use," Working Papers 1818, University of Strathclyde Business School, Department of Economics.
• Lee, Hanol & Lee, Jong-Wha, 2019. "Patterns and Determinants of Intergenerational Educational Mobility: Evidence Across Countries," AGI Working Paper Series 2019-02, Asian Growth Research Institute.
• Steinar Strøm & Jon Vislie, 2019. "Wealth Management and Uncertain Tipping Points," CESifo Working Paper Series 7487, CESifo.
• Bin Grace Li & James J. McAndrews & Zhu Wang, 2019. "Two-sided Market, R&D and Payments System Evolution," Working Paper 19-3, Federal Reserve Bank of Richmond.
• Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2019. "Firm Entry and Exit and Aggregate Growth," Working Papers 19-03R, Federal Reserve Bank of Cleveland, revised 16 Jun 2020.
• Meltem Gulenay Chadwick, 2018. "Dependence of �Fragile Five" and �Troubled Ten" Emerging Markets' Financial System to US Monetary Policy and Monetary Policy Uncertainty," Working Papers 1817, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Masaya Shintani & Masaya Yasuoka, 2019. "Fertility, Inequality and Income Growth," Discussion Paper Series 187, School of Economics, Kwansei Gakuin University.
• Murat Duran, 2018. "Explaining Exchange Rate Movements Using Yield Curves in Emerging Countries," Working Papers 1820, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Jieun Lee & Doojin Ryu, 2019. "The Impacts of Macroeconomic News Announcements on Intraday Implied Volatility," Working Papers 2019-2, Economic Research Institute, Bank of Korea.
• Maria Bolboaca & Sarah Fischer, 2019. "Unraveling News: Reconciling Conflicting Evidence," Working Papers 19.02, Swiss National Bank, Study Center Gerzensee.
• Marika Cioffi & Pietro Rizza & Marzia Romanelli & Pietro Tommasino, 2019. "Outline of a redistribution-free debt redemption fund for the euro area," Questioni di Economia e Finanza (Occasional Papers) 479, Bank of Italy, Economic Research and International Relations Area.
• Salih Fendoglu & Steven Ongena, 2018. "Tracing the Impact of a Sudden Stop: The Role of Bank Rollover Risks, Expectations, and Domestic Production Networks," Working Papers 1818, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Robert J. Shiller, 2019. "Narratives about Technology-Induced Job Degradations Then and Now," NBER Working Papers 25536, National Bureau of Economic Research, Inc.
• R. S.-H. Lee & M. Pak, 2018. "Pro-competitive effects of globalisation on prices, productivity and markups: Evidence in the Euro Area," Documents de Travail de l'Insee - INSEE Working Papers g2018-06, Institut National de la Statistique et des Etudes Economiques.
• Mahmut Gunay, 2018. "Nowcasting Annual Turkish GDP Growth with MIDAS," CBT Research Notes in Economics 1810, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Dorine Boumans & Clemens Fuest & Carla Krolage & Klaus Wohlrabe, 2019. "Expected Effects of the US Tax Reform on Other Countries: Global and Local Survey Evidence," CESifo Working Paper Series 7491, CESifo.