Report NEP-MAC-2019-07-22

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:

• Tomohide Mineyama & Wataru Hirata & Kenji Nishizaki, 2019. "Costs and Benefits of Inflation: A Model Analysis of Japan and the U.S," Bank of Japan Research Laboratory Series 19-E-2, Bank of Japan.
• Aguiar-Conraria, Luís & Martins, Manuel M. F. & Soares, Maria Joana, 2019. "The Phillips Curve at 60: time for time and frequency," Research Discussion Papers 12/2019, Bank of Finland.
• Taisuke Nakata & Takeki Sunakawa, 2019. "Credible Forward Guidance," Finance and Economics Discussion Series 2019-037, Board of Governors of the Federal Reserve System (U.S.).
• Alice Albonico & Alessia Paccagnini & Patrizio Tirelli, 2018. "Limited Asset Market Participation and the Euro Area Crisis. An Empirical DSGE Model," Working Papers 391, University of Milano-Bicocca, Department of Economics, revised Nov 2018.
• Clara De Luigi & Martin Feldkircher & Philipp Poyntner & Helene Schuberth, 2019. "Effects of the ECB’s Unconventional Monetary Policy on Real and Financial Wealth," Department of Economics Working Papers wuwp286, Vienna University of Economics and Business, Department of Economics.
• Matthieu Darracq Paries & Jenny Korner & Niki Papadopoulou, 2019. "Empowering Central Bank Asset Purchases: The Role of Financial Policies," Working Papers 2019-1, Central Bank of Cyprus.
• Michael T. Belongia & Peter N. Ireland, 2019. "A Classical View of the Business Cycle," NBER Working Papers 26056, National Bureau of Economic Research, Inc.
• Robert J. Hill & Miriam Steurer & Sofie R. Waltl, 2019. "Owner Occupied Housing in the CPI and its Impact on Monetary Policy during Housing Booms and Busts," Department of Economics Working Papers wuwp285, Vienna University of Economics and Business, Department of Economics.
• Ricardo J. Caballero & Gunes Kamber, 2019. "On the Global Impact of Risk-off Shocks and Policy-put Frameworks," NBER Working Papers 26031, National Bureau of Economic Research, Inc.
• Byrne, David & Kelly, Robert, 2019. "Monetary policy expectations and risk-taking among U.S. banks," Research Technical Papers 6/RT/19, Central Bank of Ireland.
• Eiji Goto & Constantin Bürgi, 2019. "Sectoral Okun’s Law and Cross-Country Cyclical Differences," Working Papers 2019-002, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
• Geoffrey R. Dunbar & Amy (Qijia) Li, 2019. "The Effects of Inflation Targeting for Financial Development," Staff Analytical Notes 2019-21, Bank of Canada.
• Akcay, Ümit & Güngen, Ali Riza, 2019. "The making of Turkey's 2018-2019 economic crisis," IPE Working Papers 120/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Jacopo Bonchi, 2019. "Asset price bubbles with low interest rates: not all bubbles are alike," Bank of Estonia Working Papers wp2019-01, Bank of Estonia, revised 23 Jan 2019.
• Mikkelsen, Jakob & Poeschl, Johannes, 2019. "Banking Panic Risk and Macroeconomic Uncertainty," MPRA Paper 94729, University Library of Munich, Germany.
• Alice Albonico & Guido Ascari & Alessandro Gobbi, 2018. "The debt multiplier," Working Papers 396, University of Milano-Bicocca, Department of Economics, revised 20 Dec 2018.
• Youngjin Yun, 2018. "Reserve Accumulation and Bank Lending: Evidence from Korea," GRU Working Paper Series GRU_2018_007, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Peter Tillmann, "undated". "Tapering Talk on Twitter and the Transmission to Emerging Economies," GRU Working Paper Series GRU_2016_014, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Barnichon, Regis & Mesters, Geert, 2019. "Identifying Modern Macro Equations with Old Shocks," CEPR Discussion Papers 13765, C.E.P.R. Discussion Papers.
• Christopher M. Gunn & Alok Johri & Marc-Andre Letendre, 2019. "Charge-offs, Defaults and U.S. Business Cycles," Department of Economics Working Papers 2019-06, McMaster University.
• Milan Deskar-Škrbić & Karlo Kotarac & Davor Kunovac, 2019. "The Third Round of the Euro Area Enlargement: Are the Candidates Ready?," Working Papers 57, The Croatian National Bank, Croatia.
• International Monetary Fund, 2019. "Rwanda; Staff Report for 2019 Article IV Consultation and a Request for a Three-Year Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Rwanda," IMF Staff Country Reports 19/211, International Monetary Fund.
• Crowley, Patrick M. & Hudgins, David, 2019. "U.S. Macroeconomic Policy Evaluation in an Open Economy Context using Wavelet Decomposed Optimal Control Methods," Research Discussion Papers 11/2019, Bank of Finland.
• James A. Kahn & Benjamin S. Kay, 2019. "The Impact of Credit Risk Mispricing on Mortgage Lending during the Subprime Boom," Finance and Economics Discussion Series 2019-046, Board of Governors of the Federal Reserve System (U.S.).
• Soybilgen, Baris, 2018. "Identifying US business cycle regimes using dynamic factors and neural network models," MPRA Paper 94715, University Library of Munich, Germany.
• Putra, Adhitya, 2019. "Inflation: islam and conventional economic systems," MPRA Paper 94791, University Library of Munich, Germany, revised 02 Jul 2019.
• Knut Are Aastveit & Bruno Albuquerque & André Anundsen, 2019. "Changing supply elasticities and regional housing booms," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/972, Ghent University, Faculty of Economics and Business Administration.
• Ekinci, Mehmet Fatih, 2019. "Intuitive and Reliable Estimates of Output Gap and Real Exchange Rate Cycles for Turkey," MPRA Paper 94698, University Library of Munich, Germany.
• Martellini, Paolo & Menzio, Guido & Visschers, Ludo, 2019. "Revisiting the Hypothesis of High Discounts and High Unemployment," IZA Discussion Papers 12441, Institute of Labor Economics (IZA).
• Maurice Obstfeld, 2019. "Global Dimensions of U.S. Monetary Policy," NBER Working Papers 26039, National Bureau of Economic Research, Inc.
• Katrin Assenmacher & Franz Seitz & Jörn Tenhofen, 2019. "The demand for Swiss banknotes: some new evidence," Working Papers 2019-02, Swiss National Bank.
• Lilia Maliar & John B. Taylor, 2019. "Forward Guidance: Is It Useful Away from the Lower Bound?," NBER Working Papers 26053, National Bureau of Economic Research, Inc.
• Matthieu Darracq Paries & Niki Papadopoulou, 2019. "On the Credit and Exchange Rate Channels of Central Bank Asset Purchases in a Monetary Union," Working Papers 2019-2, Central Bank of Cyprus.
• Oleksandr Faryna & Magnus Jonsson & Nadiia Shapovalenko, 2019. "Disinflation in Closed and Small Open Economies," Working Papers 01/2019, National Bank of Ukraine.
• Ellison, Martin & Macaulay, Alistair, 2019. "A Rational Inattention Unemployment Trap," CEPR Discussion Papers 13761, C.E.P.R. Discussion Papers.
• Jonas Heipertz & Amine Ouazad & Romain Rancière, 2019. "The Transmission of Shocks in Endogenous Financial Networks: A Structural Approach," NBER Working Papers 26049, National Bureau of Economic Research, Inc.
• Darmouni, Olivier & Geisecke, Oliver & Rodnyanky, Alexander, 2019. "The Bond Lending Channel of Monetary Policy," MPRA Paper 95141, University Library of Munich, Germany.
• Claudia Ruiz-Ortega & Jessica Roldán-Peña & Bernardo Morais & José-Luis Peydró, 2019. "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects," Working Papers 1102, Barcelona School of Economics.
• Artur Rutkowski, 2019. "Evaluating an old-age voluntary saving scheme under incomplete rationality," IBS Working Papers 06/2019, Instytut Badan Strukturalnych.
• P.J. Glandon & Ken Kuttner & Sandeep Mazumder & Caleb Stroup, 2019. "Macroeconomic Research, Present and Past," Department of Economics Working Papers 2019-06, Department of Economics, Williams College, revised Jul 2019.
• International Monetary Fund, 2019. "Switzerland; 2019 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Switzerland," IMF Staff Country Reports 19/180, International Monetary Fund.
• Finn Robinson & Jamie Culling & Gael Price, 2019. "Evaluating indicators of labour market capacity in New Zealand," Reserve Bank of New Zealand Analytical Notes series AN2019/09, Reserve Bank of New Zealand.
• Ion Stancu & Andrei Tudor Stancu & Iulian Panait, 2019. "The financial stability index (6) – Estimated by the Institute of Financial Studies," Scientific Papers 0025, Institute of Financial Studies.
• Nicoletta Berardi & Marie Lalanne & Paul Seabright, 2019. "Professional Networks and their Coevolution with Executive Careers," Working papers 723, Banque de France.
• Hill, Robert J. & Steurer, Miriam & Waltl, Sofie R., 2019. "Owner Occupied Housing in the CPI and its Impact on Monetary Policy during Housing Booms and Busts," Department of Economics Working Paper Series 285, WU Vienna University of Economics and Business.
• Kimberly A. Berg & Nelson Mark, 2017. "Measures of Global Uncertainty and Carry-Trade Excess Returns," GRU Working Paper Series GRU_2017_002, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Marc-Andre Letendre & Sabreena Obaid, 2019. "Emerging Economy Business Cycles: Interest Rate Shocks vs Trend Shocks," Department of Economics Working Papers 2019-07, McMaster University.
• Pervin Dadashova & Magnus Jonsson, 2019. "Mitigating the Cost of Stricter Macroprudential Policies," Working Papers 02/2019, National Bank of Ukraine.
• Adalgiso Amendola & Mario di Serio & Matteo Fragetta & Giovanni Melina, 2019. "The Euro-Area Government Spending Multiplier at the Effective Lower Bound," IMF Working Papers 19/133, International Monetary Fund.
• Punnoose Jacob & Thomas van Florenstein Mulder, 2019. "The flattening of the Phillips curve: Rounding up the suspects," Reserve Bank of New Zealand Analytical Notes series AN2019/06, Reserve Bank of New Zealand.
• Trent Saunders & Peter Tulip, 2019. "Cost-benefit Analysis of Leaning against the Wind," RBA Research Discussion Papers rdp2019-05, Reserve Bank of Australia.
• International Monetary Fund, 2019. "Seychelles; Staff Report for the 2019 Article IV Consultation and Third Review Under the Policy Coordination Instrument and Request for Modification of Targets and Monetary Consultation Clause-Press R," IMF Staff Country Reports 19/194, International Monetary Fund.
• International Monetary Fund, 2019. "Kyrgyz Republic; 2019 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 19/208, International Monetary Fund.
• Knoblach, Michael, 2019. "Skill-biased technological change, endogenous labor supply, and the skill premium," CEPIE Working Papers 03/19, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
• Bua, Giovanna & Dunne, Peter G. & Sorbo, Jacopo, 2019. "Money Market Funds and Unconventional Monetary Policy," Research Technical Papers 7/RT/19, Central Bank of Ireland.
• Adrian Pagan, 2019. "Australian macro-econometric models and their construction - A short history," CAMA Working Papers 2019-50, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• International Monetary Fund, 2019. "Benin; 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by th," IMF Staff Country Reports 19/203, International Monetary Fund.
• Ellen R. McGrattan & Kazuaki Miyachi & Adrian Peralta-Alva, 2019. "On Financing Retirement, Health Care, and Long-Term Care in Japan," Staff Report 586, Federal Reserve Bank of Minneapolis.
• International Monetary Fund, 2019. "Sierra Leone; First Review Under the Extended Credit Facility Arrangement, Request for Waiver for Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; a," IMF Staff Country Reports 19/217, International Monetary Fund.
• Ismail, Yusra & Masih, Mansur, 2019. "Is the relationship between inflation and financial development symmetric or asymmetric? new evidence from Sudan based on NARDL," MPRA Paper 94694, University Library of Munich, Germany.
• Yuki M. Asano & Jakob J. Kolb & Jobst Heitzig & J. Doyne Farmer, 2019. "Emergent inequality and endogenous dynamics in a simple behavioral macroeconomic model," Papers 1907.02155, arXiv.org.
• Fiona Price & Benjamin Beckers & Gianni La Cava, 2019. "The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data," RBA Research Discussion Papers rdp2019-06, Reserve Bank of Australia.
• Andrew Lilley & Matteo Maggiori & Brent Neiman & Jesse Schreger, 2019. "Exchange Rate Reconnect," NBER Working Papers 26046, National Bureau of Economic Research, Inc.
• Punnoose Jacob & Finn Robinson, 2019. "Suite as! Augmenting the Reserve Bank’s output gap indicator suite," Reserve Bank of New Zealand Analytical Notes series AN2019/08, Reserve Bank of New Zealand.
• Erzo G. J. Luttmer, 2019. "Slow Convergence in Economies with Organization Capital," Staff Report 585, Federal Reserve Bank of Minneapolis.
• International Monetary Fund, 2019. "Togo; 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Crite," IMF Staff Country Reports 19/205, International Monetary Fund.
• Juan Pablo Alfonso Zorro, 2019. "Efectos de las variaciones del IPC en las decisiones financieras," Econógrafos, Escuela de Economía 17329, Universidad Nacional de Colombia, FCE, CID.
• Eser, Fabian & Lemke, Wolfgang & Nyholm, Ken & Radde, Sören & Vladu, Andreea Liliana, 2019. "Tracing the impact of the ECB’s asset purchase programme on the yield curve," Working Paper Series 2293, European Central Bank.
• Chi Gong & Soyoung Kim, 2017. "Regional Business Cycle Synchronization in Emerging and Developing Countries: Regional or Global Integration? Trade or Financial Integration?," GRU Working Paper Series GRU_2017_014, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Susanto Basu, 2019. "Are Price-Cost Markups Rising in the United States? A Discussion of the Evidence," NBER Working Papers 26057, National Bureau of Economic Research, Inc.
• Luca Benati & Robert E. Lucas & Juan Pablo Nicolini & Warren E. Weber, 2019. "International Evidence on Long-Run Money Demand," Staff Report 587, Federal Reserve Bank of Minneapolis.
• Oludele E. Folarin, 2019. "Financial Reforms and Industrialisation: Evidence from Nigeria," Working Papers 19/014, European Xtramile Centre of African Studies (EXCAS).
• Chimere O. Iheonu, 2019. "Governance and Domestic Investment in Africa," Working Papers 19/001, European Xtramile Centre of African Studies (EXCAS).
• Simplice A. Asongu & Oludele E. Folarin & Nicholas Biekpe, 2019. "The Stability of Demand for Money in the Proposed Southern African Monetary Union," Working Papers 19/025, European Xtramile Centre of African Studies (EXCAS).
• International Monetary Fund, 2019. "Germany; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany," IMF Staff Country Reports 19/213, International Monetary Fund.
• Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Foreign Direct Investment, Information Technology and Economic Growth Dynamics in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 19/038, African Governance and Development Institute..
• De Luigi, Clara & Schuberth, Helene & Feldkircher, Martin & Poyntner, Philipp, 2019. "Effects of the ECB's Unconventional Monetary Policy on Real and Financial Wealth," Department of Economics Working Paper Series 286, WU Vienna University of Economics and Business.
• Andrew K. Rose, 2017. "Currency Wars? Unconventional Monetary Policy Does Not Stimulate Exports," GRU Working Paper Series GRU_2017_003, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Matthew E. Kahn & Kamiar Mohaddes & Ryan N. C. Ng & M. Hashem Pesaran & Mehdi Raissi & Jui-Chung Yang, 2019. "Long-term macroeconomic effects of climate change: A cross-country analysis," CAMA Working Papers 2019-49, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Emna Trabelsi, 2019. "Do independence and transparency matter for bank development? A new lookup on emerging and developing countries," Post-Print hal-02162780, HAL.
• Adam Aboobaker, 2019. "Disarticulation as a Constraint to Wage-led Growth in Dual Economies," UMASS Amherst Economics Working Papers 2019-11, University of Massachusetts Amherst, Department of Economics.
• International Monetary Fund, 2019. "Pakistan; Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Pakistan," IMF Staff Country Reports 19/212, International Monetary Fund.
• International Monetary Fund, 2019. "Grenada; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada," IMF Staff Country Reports 19/192, International Monetary Fund.
• Robert S. Kaplan, 2019. "Economic Conditions and the Stance of Monetary Policy," Speeches and Essays 181, Federal Reserve Bank of Dallas.
• International Monetary Fund, 2019. "Central African Republic; Sixth Review Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria and Financing Assurances Review-Press Release; Staf," IMF Staff Country Reports 19/216, International Monetary Fund.
• International Monetary Fund, 2019. "Ecuador; First Review under the Extended Fund Facility Arrangement, Requests for Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, and Financing Assurances Review," IMF Staff Country Reports 19/210, International Monetary Fund.
• Magdalena Vlahova-Veleva, 2019. "Euro Area Accession and its Effect on Manufacturing," Bulgarian Economic Papers bep-2019-06, 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 Jul 2019.
• International Monetary Fund, 2019. "Switzerland; Financial Sector Assessment Program; Technical Note-Macrofinancial Analysis and Macroprudential Policy," IMF Staff Country Reports 19/187, International Monetary Fund.
• Charles Engel, 2017. "Real Exchange Rate Convergence: The Roles of Price Stickiness and Monetary Policy," GRU Working Paper Series GRU_2017_011, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Luca Benati & Robert E. Lucas & Juan Pablo Nicolini & Warren E. Weber, 2019. "Online Appendix for: International Evidence on Long-Run Money Demand," Staff Report 588, Federal Reserve Bank of Minneapolis.
• Matt Darst & Ehraz Refayet, 2019. "Mixed Signals: Investment Distortions with Adverse Selection," Finance and Economics Discussion Series 2019-044, Board of Governors of the Federal Reserve System (U.S.).
• Schnabl, Gunther, 2019. "Die Verteilungseffekte der Geldpolitik der Europäischen Zentralbank und deren Einfluss auf die politische Stabilität," Working Papers 160, University of Leipzig, Faculty of Economics and Management Science.
• Darlena Tartari & Albi Tola, 2019. "Does the IMF Program Implementation Matter for Sovereign Spreads? The Case of Selected European Emerging Markets," Working Papers 2019-01, Swiss National Bank.
• A. M. B. Araujo & P. R. B. Lustosa, 2019. "The cyclicality of loan loss provisions under three different accounting models: the United Kingdom, Spain, and Brazil," Papers 1907.07491, arXiv.org.
• International Monetary Fund, 2019. "Central African Economic and Monetary Community (CEMAC); Common Policies in Support of Member Countries Reform Programs," IMF Staff Country Reports 19/215, International Monetary Fund.
• Jovicic, Sonja, 2019. "Chinas Wirtschaft: Steigende Risiken. Analyse und Simulationsrechnungen," IW-Reports 24/2019, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• Apopo, Natalay & Phiri, Andrew, 2019. "On the (in)efficiency of cryptocurrencies: Have they taken daily or weekly random walks?," MPRA Paper 94712, University Library of Munich, Germany.
• Laliotis, Dimitrios & Buesa, Alejandro & Leber, Miha & Población García, Francisco Javier, 2019. "An agent-based model for the assessment of LTV caps," Working Paper Series 2294, European Central Bank.
• Jakhotiya, Girish, 2019. "Directed social economics : China's complicated growth story," MPRA Paper 94721, University Library of Munich, Germany.
• Massimo Guidolin & Manuela Pedio, 2019. "Forecasting and Trading Monetary Policy Switching Nelson-Siegel Models," BAFFI CAREFIN Working Papers 19106, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Mujahidin, Muhamad, 2019. "Opportunities and Challenges of Sharia Technology Financials in Indonesia," MPRA Paper 94844, University Library of Munich, Germany.
• Goldbaum, Sergio & Pedrozo Junior, Euclides, 2019. "Import protection through antidumping filings and economic activity," Textos para discussão 504, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
• Item repec:efp:wpaper:2017-2 is not listed on IDEAS anymore

• Kenechukwu E. Anadu & James Bohn & Lina Lu & Matthew Pritsker & Andrei Zlate, 2019. "Reach for Yield by U.S. Public Pension Funds," Supervisory Research and Analysis Working Papers RPA 19-2, Federal Reserve Bank of Boston.
• Mujahidin, Muhamad, 2019. "Peluang dan Tantangan Financial Technologi Syariah di Indonesia," MPRA Paper 94842, University Library of Munich, Germany.