Report NEP-MAC-2019-02-25

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:

• Hasumi, Ryo & Iiboshi, Hirokuni, 2019. "A Bayesian Estimation of HANK models with Continuous Time Approach:Comparison between US and Japan," MPRA Paper 92292, University Library of Munich, Germany.
• Ioana A. Duca & Geoff Kenny & Andreas Reuter, 2019. "Inflation Expectations, Consumption and the Lower Bound: Micro Evidence from a Large Euro Area Survey," European Economy - Discussion Papers 092, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Josef Schroth, 2019. "Macroprudential Policy with Capital Buffers," Staff Working Papers 19-8, Bank of Canada.
• Goodhart, C. A. E. & Mills, Terence C. & Capie, Forrest, 2019. "The slope of the term structure and recessions: evidence from the UK, 1822-2016," LSE Research Online Documents on Economics 100092, London School of Economics and Political Science, LSE Library.
• Goodhart, Charles & Mills, Terence & Capie, Forrest, 2019. "The Slope of the Term Structure and Recessions: Evidence from the UK, 1822-2016," CEPR Discussion Papers 13519, C.E.P.R. Discussion Papers.
• Sarah Mouabbi & Jean-Guillaume Sahuc, 2019. "Evaluating the macroeconomic effects of the ECB’s unconventional monetary policies," Working papers 708, Banque de France.
• Marcus Hagedorn & Iourii Manovskii & Kurt Mitman, 2019. "The Fiscal Multiplier," NBER Working Papers 25571, National Bureau of Economic Research, Inc.
• Snezana Eminidou & Marios Zachariadis, 2019. "Firms’ Expectations and Monetary Policy Shocks in the Eurozone," University of Cyprus Working Papers in Economics 02-2019, University of Cyprus Department of Economics.
• Ben S. Bernanke & Michael T. Kiley & John M. Roberts, 2019. "Monetary Policy Strategies for a Low-Rate Environment," Finance and Economics Discussion Series 2019-009, Board of Governors of the Federal Reserve System (U.S.).
• Paul Hubert & Fabien Labondance, 2018. "The Effect of ECB Forward Guidance on the Term Structure of Interest Rates," SciencePo Working papers Main hal-03457846, HAL.
• Lodge, David & Soudan, Michel, 2019. "Credit, financial conditions and the business cycle in China," Working Paper Series 2244, European Central Bank.
• Repullo, Rafael & Martinez-Miera, David, 2019. "Monetary Policy, Macroprudential Policy, and Financial Stability," CEPR Discussion Papers 13530, C.E.P.R. Discussion Papers.
• Jelena Zivanovic, 2019. "Corporate Debt Composition and Business Cycles," Staff Working Papers 19-5, Bank of Canada.
• Daniel E. Sichel, 2019. "Productivity Measurement: Racing to Keep Up," NBER Working Papers 25558, National Bureau of Economic Research, Inc.
• S. Devrim Yilmaz & Engelbert Stockhammer, 2019. "Coupling Cycle Mechanisms: Minsky debt cycles and the Multiplier-Accelerator," CEPN Working Papers 2019-02, Centre d'Economie de l'Université de Paris Nord.
• Schmeling, Maik & Wagner, Christian, 2019. "Does Central Bank Tone Move Asset Prices?," CEPR Discussion Papers 13490, C.E.P.R. Discussion Papers.
• Stefan Hohberger & Romanos Priftis & Lukas Vogel, 2019. "The Distributional Effects of Conventional Monetary Policy and Quantitative Easing: Evidence from an Estimated DSGE Model," Staff Working Papers 19-6, Bank of Canada.
• Galí, Jordi & Gambetti, Luca, 2019. "Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration," CEPR Discussion Papers 13452, C.E.P.R. Discussion Papers.
• De Fiore, Fiorella & Hoerova, Marie & Uhlig, Harald & Rogers, Ciaran, 2019. "Money markets, collateral and monetary policy," Working Paper Series 2239, European Central Bank.
• Lubik, Thomas A. & Matthes, Christian & Verona, Fabio, 2019. "Assessing U.S. aggregate fluctuations across time and frequencies," Research Discussion Papers 5/2019, Bank of Finland.
• Antoine Monserand, 2019. "Degrowth in a neo-Kaleckian model of growth and distribution? A theoretical compatibility and stability analysis," CEPN Working Papers 2019-01, Centre d'Economie de l'Université de Paris Nord.
• Faia, Ester & Karau, Soeren, 2019. "Systemic Bank Risk and Monetary Policy," CEPR Discussion Papers 13456, C.E.P.R. Discussion Papers.
• Ray C. Fair, 2019. "Inflation in the Great Recession and New Keynesian Models: Comment," Cowles Foundation Discussion Papers 2166, Cowles Foundation for Research in Economics, Yale University.
• Barnichon, Regis & Mesters, Geert, 2019. "The Phillips Multiplier," CEPR Discussion Papers 13480, C.E.P.R. Discussion Papers.
• Bianchi, Francesco & Kung, Howard & Tirskikh, Mikhail, 2019. "The Origins and Effects of Macroeconomic Uncertainty," CEPR Discussion Papers 13450, C.E.P.R. Discussion Papers.
• Hochmuth, Brigitte & Kohlbrecher, Britta & Merkl, Christian & Gartner, Hermann, 2021. "Hartz IV and the decline of German unemployment: A macroeconomic evaluation," FAU Discussion Papers in Economics 01/2019, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics, revised 2021.
• Item repec:spo:wpmain:info:hdl:2441/1eq0ohogg78n2auphpnh9hc31j is not listed on IDEAS anymore

• Magali Dauvin & Hervé Péléraux & Christine Rifflart, 2018. "Une comparaison des prévisions macroéconomiques 2018-2020 sur la France," SciencePo Working papers Main hal-03471531, HAL.
• Maggiori, Matteo & Farhi, Emmanuel, 2019. "China vs. U.S.: IMS Meets IPS," CEPR Discussion Papers 13453, C.E.P.R. Discussion Papers.
• Item repec:spo:wpmain:info:hdl:2441/6o4qdck7489u7pqc068eeuqsnq is not listed on IDEAS anymore

• Takumah, Wisdom, 2019. "Implications of macroeconomic controls in Ghana," MPRA Paper 92104, University Library of Munich, Germany.
• Equiza-Goni, J. & Faraglia, E. & Oikonomou, R., 2018. "Union Debt Management," Cambridge Working Papers in Economics 1890, Faculty of Economics, University of Cambridge.
• Adam Elbourne & Kan Ji, 2019. "Do zero and sign restricted SVARs identify unconventional monetary policy shocks in the euro area?," CPB Discussion Paper 391, CPB Netherlands Bureau for Economic Policy Analysis.
• Giovanni Dosi & Marcelo C. Pereira & Andrea Roventini & Maria Enrica Virgillito, 2018. "Causes et consequences of hysteresis : aggregate demand, productivity and employment," Sciences Po publications info:hdl:2441/4h9cnu4n2k8, Sciences Po.
• Kamil Galuscak & Jan Solc & Pawel Strzelecki, 2018. "Labour Market Flows over the Business Cycle: The Role of the Participation Margin," Working Papers 2018/17, Czech National Bank.
• McMahon, Michael & , & Tong, Matthew, 2019. "The Long-Run Information Effect of Central Bank Communication," CEPR Discussion Papers 13438, C.E.P.R. Discussion Papers.
• Randall Wright & Sylvia Xiaolin Xiao & Yu Zhu, 2019. "Frictional Capital Reallocation I: Ex Ante Heterogeneity," Staff Working Papers 19-4, Bank of Canada.
• Lartey, Lawrencia, 2018. "The Signalling Effect of Monetary Policy Rate on Lending Rates in Ghana," MPRA Paper 92244, University Library of Munich, Germany.
• Gómez, Wilman Arturo & Posada, Carlos Esteban & Rhenals, Remberto, 2018. "Determinantes de la productividad multifactorial: los casos de las principales economías latinoamericanas y emergentes de Asia (1960 - 2015)," Borradores Departamento de Economía 17178, Universidad de Antioquia, CIE.
• Alberto Cardacci & Francesco Saraceno, 2018. "Between Scylla and Charybdis : income distribution, consumer credit and business cycles," Sciences Po publications info:hdl:2441/4lo1d5opnh8, Sciences Po.
• Yu Zhu & Scott Hendry, 2019. "A Framework for Analyzing Monetary Policy in an Economy with E-money," Staff Working Papers 19-1, Bank of Canada.
• Irani, Rustom M & van Bekkum, Sjoerd & Gabarro, Marc & Peydró, José-Luis, 2019. "Take It to the Limit? The Effects of Household Leverage Caps," CEPR Discussion Papers 13503, C.E.P.R. Discussion Papers.
• Ojo, Marianne, 2018. "Greater certainty in trade relations?: understated strategic alliances, vital legislation, trade and regional agreements," MPRA Paper 84050, University Library of Munich, Germany.
• Farmer, Roger & Zabczyk, Pawel, 2022. "Monetary and Fiscal Policy when People have Finite Lives," CEPR Discussion Papers 13432, C.E.P.R. Discussion Papers.
• Kalemli-Ozcan, Sebnem & Laeven, Luc & Moreno, David, 2019. "Debt overhang, rollover risk, and corporate investment: evidence from the European crisis," Working Paper Series 2241, European Central Bank.
• Amat Adarov, 2019. "Dynamic Interactions Between Financial and Macroeconomic Imbalances: A Panel VAR Analysis," wiiw Working Papers 162, The Vienna Institute for International Economic Studies, wiiw.
• Raphael Auer, 2019. "Beyond the doomsday economics of "proof-of-work" in cryptocurrencies," BIS Working Papers 765, Bank for International Settlements.
• Bhattarai, Keshab & Nguyen, Dung T.K. & Nguyen, Chan V, 2018. "Impacts of Direct and Indirect Tax Reforms in Vietnam: A CGE Analysis," MPRA Paper 92068, University Library of Munich, Germany, revised 08 Feb 2019.
• Maurizio Iacopetta & Raoul Minetti, 2019. "Asset dynamics, liquidity, and inequality in decentralized markets," SciencePo Working papers Main hal-03403574, HAL.
• Item repec:spo:wpmain:info:hdl:2441/2cuu3uj58199fphtovctj05ish is not listed on IDEAS anymore

• Amzallag, Adrien & Calza, Alessandro & Georgarakos, Dimitris & Sousa, João, 2019. "Monetary policy transmission to mortgages in a negative interest rate environment," Working Paper Series 2243, European Central Bank.
• Marcellino, Massimiliano & Carriero, Andrea & Corsello, Francesco, 2019. "The Global Component of Inflation Volatility," CEPR Discussion Papers 13470, C.E.P.R. Discussion Papers.
• Mehmet Balcilar & Zeynel Abidin Ozdemir & Huseyin Ozdemir & Mark E. Wohar, 2019. "Fed’s Unconventional Monetary Policy and Risk Spillover in the US Financial Markets," Working Papers 15-47, Eastern Mediterranean University, Department of Economics.
• Adrian, Tobias & Vogt, Erik & Stackman, Daniel, 2019. "Global Price of Risk and Stabilization Policies," CEPR Discussion Papers 13435, C.E.P.R. Discussion Papers.
• Jose-Maria Da-Rocha & Diego Restuccia & Marina M. Tavares, 2019. "Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity," Working Papers tecipa-629, University of Toronto, Department of Economics.
• Auer, Raphael, 2019. "Beyond the doomsday economics of "proof-of-work" in cryptocurrencies," CEPR Discussion Papers 13506, C.E.P.R. Discussion Papers.
• Elsby, Michael & Solon, Gary, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? International Evidence from Payroll Records and Pay Slips," IZA Discussion Papers 12125, Institute of Labor Economics (IZA).
• Vyacheslav Arbuzov & Yu Awaya & Hiroki Fukai & Makoto Watanabe, 2019. "Endogenous Repo Cycles," CESifo Working Paper Series 7518, CESifo.
• Benhima, Kenza, 2019. "Booms and Busts with Dispersed Information," CEPR Discussion Papers 13444, C.E.P.R. Discussion Papers.
• Gries, Thomas & Naude, Wim, 2018. "Artificial intelligence, jobs, inequality and productivity: Does aggregate demand matter?," MERIT Working Papers 2018-047, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Rojas Rivera, Ángela Milena, 2018. "Los estudios en historia fiscal de Colombia sobre el siglo xx," Borradores Departamento de Economía 17180, Universidad de Antioquia, CIE.
• Timothy J. Kehoe & Carlos Gustavo Machicado & José Peres-Cajías, 2019. "The Monetary and Fiscal History of Bolivia, 1960–2017," NBER Working Papers 25523, National Bureau of Economic Research, Inc.
• Ray C. Fair, 2019. "Some Important Macro Points," Cowles Foundation Discussion Papers 2165, Cowles Foundation for Research in Economics, Yale University.
• BAYALE, Nimonka, 2019. "Effet de l’aide publique au développement sur la mobilisation des ressources fiscales dans les pays de l’UEMOA [Effect of foreign aid on fiscal resources mobilization in WAEMU countries]," MPRA Paper 92214, University Library of Munich, Germany, revised 03 Feb 2019.
• Elena Crivellaro & Aikaterini Karadimitropoulou, 2019. "The role of financial constraints on labour share developments: macro- and micro-level evidence," Working Papers 257, Bank of Greece.
• Furtado, Delia & Papps, Kerry L. & Theodoropoulos, Nikolaos, 2019. "Who Goes on Disability When Times Are Tough? The Role of Social Costs of Take-Up Among Immigrants," IZA Discussion Papers 12097, Institute of Labor Economics (IZA).
• Jardim, Ekaterina & Solon, Gary & Vigdor, Jacob, 2019. "How Prevalent Is Downward Rigidity in Nominal Wages? Evidence from Payroll Records in Washington State," IZA Discussion Papers 12124, Institute of Labor Economics (IZA).
• George A. Alessandria & Horag Choi, 2019. "The Dynamics of the U.S. Trade Balance and Real Exchange Rate: The J Curve and Trade Costs?," NBER Working Papers 25563, National Bureau of Economic Research, Inc.
• Mauro Napoletano, 2018. "A short walk on the wild side : agent based models and their implications for macroeconomic analysis," SciencePo Working papers Main hal-03443471, HAL.
• Andrew Glover & Jacob Short, 2019. "Can Capital Deepening Explain the Global Decline in Labor’s Share?," Staff Working Papers 19-3, Bank of Canada.
• Linde, Jesper & LASEEN, PER & Ratto, Marco, 2019. "Identification Versus Misspecification in New Keynesian Monetary Policy Models," CEPR Discussion Papers 13492, C.E.P.R. Discussion Papers.
• Item repec:hal:cepnwp:hal-02012724 is not listed on IDEAS anymore

• van Wijnbergen, Sweder & Bolt, Wilko & Mavromatis, Kostas, 2019. "The Global Macroeconomics of a Trade War: The EAGLE model on the US-China trade conflict," CEPR Discussion Papers 13495, C.E.P.R. Discussion Papers.
• Item repec:spo:wpmain:info:hdl:2441/7vo14j16vi87brn5uau34enb4i is not listed on IDEAS anymore

• Francesco Saraceno, 2018. "The end of the consensus ? The economic crisis and the crisis of macroeconomics," SciencePo Working papers Main hal-03443466, HAL.
• Krebs, Tom & Scheffel, Martin, 2019. "Optimal Social Insurance and Rising Labor Market Risk," IZA Discussion Papers 12128, Institute of Labor Economics (IZA).
• Mitman, Kurt & Manovskii, Iourii & Hagedorn, Marcus, 2019. "The Fiscal Multiplier," CEPR Discussion Papers 13529, C.E.P.R. Discussion Papers.
• Item repec:spo:wpmain:info:hdl:2441/6otpmf8eu785j94dnkr72hdklk is not listed on IDEAS anymore

• Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2018. "The janus-faced nature of debt: results from a data-driven cointegrated svar approach," SciencePo Working papers Main hal-03471585, HAL.
• Diewert, Erwin, 2019. "Quality Adjustment and Hedonics: A Unified Approach," Microeconomics.ca working papers erwin_diewert-2019-2, Vancouver School of Economics, revised 14 Mar 2019.
• Whelan, Karl & Ryan, Ellen, 2019. "Quantitative Easing and the Hot Potato Effect: Evidence from Euro Area Banks," CEPR Discussion Papers 13499, C.E.P.R. Discussion Papers.
• Item repec:spo:wpmain:info:hdl:2441/1evugr7cvq8naonad7623t1rbv is not listed on IDEAS anymore

• Katharine L. Bradbury, 2018. "Family characteristics and macroeconomic factors in U. S. intragenerational family income mobility, 1978–2014," Working Papers 19-1, Federal Reserve Bank of Boston.
• Bruno Ducoudre & Xavier Timbeau & Sébastien Villemot, 2018. "The magnitude of euro area misalignments in 2017," SciencePo Working papers Main hal-03389334, HAL.
• Item repec:spo:wpmain:info:hdl:2441/3lt9cev6r09aqpj1a1248i83gg is not listed on IDEAS anymore

• Prettner, Klaus & Strulik, Holger, 2019. "Innovation, Automation, and Inequality: Policy Challenges in the Race against the Machine," GLO Discussion Paper Series 320, Global Labor Organization (GLO).
• Xueqin Zhu & Sjak Smulders & Aart de Zeeuw, 2019. "Discounting in the Presence of Scarce Ecosystem Services," CESifo Working Paper Series 7514, CESifo.
• Dana Orfaig, 2017. "A Structural VAR Model for Estimating the Link between Monetary Policy and Home Prices in Israel," Bank of Israel Working Papers 2017.09, Bank of Israel.
• Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2018. "Les effets redistibutifs des politiques monétaires de la BCE," SciencePo Working papers Main hal-03458469, HAL.
• Noriyuki Yanagawa & Hiromi Yamaoka, 2019. "Digital Innovation, Data Revolution and Central Bank Digital Currency," Bank of Japan Working Paper Series 19-E-2, Bank of Japan.
• Karl Aiginger, 2019. "Greece as a bridge to the most vibrant region of the next decades," Department of Economics Working Papers wuwp278, Vienna University of Economics and Business, Department of Economics.
• Item repec:spo:wpmain:info:hdl:2441/7rrg4irjh79549mkjh27en0pos is not listed on IDEAS anymore

• Neil Bhutta & Jesse Bricker & Lisa J. Dettling & Jimmy Kelliher & Steven Laufer, 2019. "Stress Testing Household Debt," Finance and Economics Discussion Series 2019-008, Board of Governors of the Federal Reserve System (U.S.).
• Martin, Alberto & Moral-Benito, Enrique & Schmitz, Tom, 2019. "The financial transmission of housing bubbles: evidence from Spain," Working Paper Series 2245, European Central Bank.
• Corsetti, Giancarlo & Hale, Galina & Tallmann, Eric & Eichengreen, Barry, 2019. "The Euro Crisis in the Mirror of the EMS," CEPR Discussion Papers 13522, C.E.P.R. Discussion Papers.
• Bethencourt, Carlos & Stadtmann, Georg, 2019. "Natural rate estimates differ: By how much?," Discussion Papers 409, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
• Zaman, Gheorghe & Georgescu, George, 2018. "Evoluția capitalului în România în secolul 1918-2018 de la Marea Unire la tranziția la economia de piață [Romania’s capital developments during 1918-2018 century from the Great Union to the market ," MPRA Paper 92316, University Library of Munich, Germany.
• Courtney Coile & Mark Duggan, 2019. "When Labor’s Lost: Health, Family Life, Incarceration, and Education in a Time of Declining Economic Opportunity for Low-Skilled Men," NBER Working Papers 25569, National Bureau of Economic Research, Inc.
• Saint-Paul, Gilles, 2019. "From Microeconomic Favoritism to Macroeconomic Populism," CEPR Discussion Papers 13434, C.E.P.R. Discussion Papers.
• Oseni, Isiaq & Akpa, Emeka & Aberu, Felix, 2018. "Does Stock Market impact on the Growth of Nigerian Economy using 3SLS Analysis?," MPRA Paper 92285, University Library of Munich, Germany.
• Alex Ilek & Irit Rozenshtrom, 2017. "The Term Premium in a Small Open Economy: A Micro-Founded Approach," Bank of Israel Working Papers 2017.06, Bank of Israel.
• Ekaterina V. Peneva & Nadia Sadee, 2019. "Residual Seasonality in Core Consumer Price Inflation: An Update," FEDS Notes 2019-02-12-2, Board of Governors of the Federal Reserve System (U.S.).
• Benigno, Pierpaolo, 2022. "Monetary Policy in a World of Cryptocurrencies," CEPR Discussion Papers 13517, C.E.P.R. Discussion Papers.
• Robert, Sonora, 2018. "A Panel Analysis of Income Inequality and Energy Use," MPRA Paper 92171, University Library of Munich, Germany.
• Canova, Fabio & Matthes, Christian, 2019. "Dealing with misspecification in structural macroeconometric models," CEPR Discussion Papers 13511, C.E.P.R. Discussion Papers.
• Weinand, Sebastian & von Auer, Ludwig, 2019. "Anatomy of regional price differentials: Evidence from micro price data," Discussion Papers 04/2019, Deutsche Bundesbank.
• Tuuli, Saara, 2019. "Model-based regulation and firms' access to finance," Research Discussion Papers 4/2019, Bank of Finland.
• Christophe Blot & Paul Hubert, 2018. "Central bank communication during normal and crisis time," SciencePo Working papers Main hal-03404315, HAL.
• Quitzau, Jörn & Prömel, Christopher & Vöpel, Henning & Cotterell, Maike, 2019. "Sovereign debt," Strategy 2030 - Wealth and Life in the Next Generation 26e, Hamburg Institute of International Economics (HWWI) and Berenberg.
• Stephan B. Bruns & Alessio Moneta & David I. Stern, 2019. "Macroeconomic time-series evidence that energy efficiency improvements do not save energy," CAMA Working Papers 2019-21, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Goodhart, Charles & Ashworth, Jonathan, 2019. "Canadian Legalization of Cannabis reduces both its cash usage and ‘Black’ Economy," CEPR Discussion Papers 13448, C.E.P.R. Discussion Papers.
• Item repec:hal:cepnwp:hal-02012632 is not listed on IDEAS anymore

• Urban Sila & Valéry Dugain, 2019. "Income, wealth and earnings inequality in Australia: Evidence from the HILDA survey," OECD Economics Department Working Papers 1538, OECD Publishing.
• Item repec:spo:wpmain:info:hdl:2441/1cgtnskg398lbrjva1dhgfkgv8 is not listed on IDEAS anymore

• Dolado, Juan J & Bentolila, Samuel & Jimeno, Juan Francisco, 2019. "Dual Labour Markets Revisited," CEPR Discussion Papers 13475, C.E.P.R. Discussion Papers.
• Boppart, Timo & Alder, Simon & Müller, Andreas, 2019. "A theory of structural change that can fit the data," CEPR Discussion Papers 13469, C.E.P.R. Discussion Papers.