Report NEP-MAC-2019-09-23

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:

• Haque, Qazi & Groshenny, Nicolas & Weder, Mark, 2019. "Do we really know that U.S. monetary policy was destabilizing in the 1970s?," Research Discussion Papers 20/2019, Bank of Finland.
• Kantur, Zeynep & Özcan, Gülserim, 2019. "Optimal Policy Implications of Financial Uncertainty," MPRA Paper 95920, University Library of Munich, Germany.
• Jesus Fernandez-Villaverde & Francesco Zanetti & Federico Mandelman & Yang Yu, 2019. "Search Complementarities, Aggregate Fluctuations, and Fiscal Policy," Economics Series Working Papers 880, University of Oxford, Department of Economics.
• Jordi Galí, 2019. "The Effects of a Money-Financed Fiscal Stimulus," NBER Working Papers 26249, National Bureau of Economic Research, Inc.
• Hertweck, Matthias S. & Lewis, Vivien & Villa, Stefania, 2019. "Going the extra mile: Effort by workers and job-seekers," Discussion Papers 29/2019, Deutsche Bundesbank.
• De Koning, Kees, 2019. "Pension savings: A key question about returns," MPRA Paper 95934, University Library of Munich, Germany.
• Jesus Fernandez-Villaverde & Federico Mandelman & Yang Yu & Francesco Zanetti, 2019. "Search Complementarities, Aggregate Fluctuations, and Fiscal Policy," Discussion Papers 1917, Centre for Macroeconomics (CFM).
• Behzad Diba & Olivier Loisel, 2019. "Pegging the Interest Rate on Bank Reserves: A Resolution of New Keynesian Puzzles and Paradoxes," Working Papers gueconwpa~19-19-05, Georgetown University, Department of Economics.
• Magda Ciżkowicz-Pękała & Witold Grostal & Joanna Niedźwiedzińska & Elżbieta Skrzeszewska-Paczek & Ewa Stawasz-Grabowska & Grzegorz Wesołowski & Piotr Żuk, 2019. "Three decades of inflation targeting," NBP Working Papers 314, Narodowy Bank Polski.
• Donato Masciandaro, 2019. "Populism, Economic Policies, Political Pressure And Central Bank (In)Dependence," BAFFI CAREFIN Working Papers 19111, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Elena Deryugina & Alexey Ponomarenko, 2019. "Disinflation and reliability of underlying inflation measures," Bank of Russia Working Paper Series wps44, Bank of Russia.
• Neyer, Ulrike & Stempel, Daniel, 2019. "Macroeconomic effects of gender discrimination," DICE Discussion Papers 324, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
• Schmöller, Michaela & Spitzer, Martin, 2019. "Endogenous TFP, business cycle persistence and the productivity slowdown," Research Discussion Papers 21/2019, Bank of Finland.
• Mumtaz Ahmad & John Fernald & Hashmat Khan, 2019. "Returns to Scale in U.S. Production, Redux," Carleton Economic Papers 19-07, Carleton University, Department of Economics.
• Adam, Klaus & Merkel, Sebastian, 2019. "Stock price cycles and business cycles," Working Paper Series 2316, European Central Bank.
• Manuel García-Santana & Josep Pijoan-Mas & Lucciano Villacorta, 2019. "Investment demand and structural change," Economics Working Papers 1668, Department of Economics and Business, Universitat Pompeu Fabra.
• Simon Mongey & Giovanni L. Violante, 2019. "Macro Recruiting Intensity from Micro Data," NBER Working Papers 26231, National Bureau of Economic Research, Inc.
• Michael Brei & Claudio Borio, 2019. "Bank intermediation activity in a low interest rate environment," BIS Working Papers 807, Bank for International Settlements.
• Angelini, Elena & Bokan, Nikola & Christoffel, Kai & Ciccarelli, Matteo & Zimic, Srečko, 2019. "Introducing ECB-BASE: The blueprint of the new ECB semi-structural model for the euro area," Working Paper Series 2315, European Central Bank.
• Naudé, Wim, 2019. "The decline in entrepreneurship in the West: Is complexity ossifying the economy?," MERIT Working Papers 2019-030, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Ngotran, Duong, 2019. "The e-monetary theory," Economics Discussion Papers 2019-49, Kiel Institute for the World Economy (IfW Kiel).
• Max Raskin & Fahad Saleh & David Yermack, 2019. "How Do Private Digital Currencies Affect Government Policy?," NBER Working Papers 26219, National Bureau of Economic Research, Inc.
• Rybacki, Jakub, 2019. "ECB policy consistency – loss of independence and the real estate bubble?," MPRA Paper 95906, University Library of Munich, Germany.
• Tanaka, Yasuhito, 2019. "Continuous time debt dynamics and fiscal policy for full-employment: A Keynesian approach by mathematics and simulation," MPRA Paper 95878, University Library of Munich, Germany.
• Guido Ascari & Timo Haber, 2019. "Sticky prices and the transmission mechanism of monetary policy: A minimal test of New Keynesian models," Economics Series Working Papers 869, University of Oxford, Department of Economics.
• Fontaine, Idriss & Galvez-Iniesta, Ismael & Gomes, Pedro Maia & Vila-Martin, Diego, 2019. "Labour Market Flows: Accounting for the Public Sector," IZA Discussion Papers 12579, Institute of Labor Economics (IZA).
• Knezevic, David & Nordström, Martin & Österholm, Pär, 2019. "The Relation between Municipal and Government Bond Yields in an Era of Unconventional Monetary Policy," Working Papers 2019:6, Örebro University, School of Business.
• Rasaki, Mutiu Gbade & Malikane, Christopher, 2017. "An estimated financial accelerator model for small-open African economies," MPRA Paper 95977, University Library of Munich, Germany.
• Fernando Borraz & Laura Zacheo, 2018. "Inattention, Disagreement and Internal (In)Consistency of Inflation Forecasts," Documentos de trabajo 2018007, Banco Central del Uruguay.
• Raphael Auer, 2019. "Embedded supervision: how to build regulation into blockchain finance," BIS Working Papers 811, Bank for International Settlements.
• Tanaka, Yasuhito, 2019. "Tax reduction for full-employment and debt dynamics: A Keynesian analysis by mathematics and simulation," MPRA Paper 95912, University Library of Munich, Germany.
• Evren Erdogan Cosar & Ayse Arzu Yavuz, 2019. "Is There Asymmetry between GDP and Labor Market Variables in Turkey under Okun�s Law?," Working Papers 1927, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Oddmund Berg, 2019. "Gambling with the family silver. Household consumption and saving responses to fiscal uncertainty," Discussion Papers 913, Statistics Norway, Research Department.
• Aubhik Khan & Julia Thomas & Tatsuro Senga, 2019. "Business Formation and Economic Growth Beyond the Great Recession," 2019 Meeting Papers 1453, Society for Economic Dynamics.
• Shutao Cao & Wei Dong, 2019. "Production Networks and the Propagation of Commodity Price Shocks," 2019 Meeting Papers 612, Society for Economic Dynamics.
• Ngouhouo, Ibrahim & Tchoffo, Rodrigue, 2019. "Real level of public investment: how to manage the inflation?," MPRA Paper 95914, University Library of Munich, Germany, revised 15 Sep 2019.
• Tatsushi Okuda & Tomohiro Tsuruga & Francesco Zanetti, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," Discussion Papers 1918, Centre for Macroeconomics (CFM).
• Guerrazzi, Marco & Giribone, Pier Giuseppe, 2019. "The dynamics of working hours and wages under implicit contracts," MPRA Paper 95978, University Library of Munich, Germany.
• Jeffrey Campbell & Filippo Ferroni & Jonas Fisher & Leonardo Melosi, 2019. "The limits of forward guidance," 2019 Meeting Papers 1109, Society for Economic Dynamics.
• Angel De la Fuente, 2019. "Agregados económicos y demográficos regionales: Actualización de RegData hasta 2018 [Regional economic and demographic aggregates: RegData updated up to 2018]," Working Papers 19/08, BBVA Bank, Economic Research Department.
• Abdullah Kazdal & Halil Ibrahim Korkmaz & Muhammed Hasan Yilmaz, 2019. "Composing High-Frequency Financial Conditions Index and Implications for Economic Activity," Working Papers 1926, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Koffi, Siméon, 2019. "Nonlinear Impact of Public Debt on Economic Growth: Evidence from Sub-Saharan African Countries," MPRA Paper 96067, University Library of Munich, Germany, revised 17 Sep 2019.
• Ali, Amjad & Şenturk, İsmail, 2019. "Justifying the Impact of Economic Deprivation, Maternal Status and Health infrastructure on Under-Five Child Mortality in Pakistan: An Empirical Analysis," MPRA Paper 96055, University Library of Munich, Germany.
• International Monetary Fund, 2019. "Romania; 2019 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Romania," IMF Staff Country Reports 19/278, International Monetary Fund.
• International Monetary Fund, 2019. "Democratic Republic of the Congo; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo," IMF Staff Country Reports 19/285, International Monetary Fund.
• Ibrahima Amadou Diallo, 2019. "A Bayesian DSGE Model Comparison of the Taylor Rule and Nominal GDP Targeting," Working Papers hal-02281971, HAL.
• Gerba, Eddie, 2018. "What is the fiscal stress in Euro Area? Evidence from a joint monetary-fiscal structural model," LSE Research Online Documents on Economics 88300, London School of Economics and Political Science, LSE Library.
• Aubhik Khan & Ben Lidofsky, 2019. "Growth, Uncertainty and Business Cycles in an Overlapping Generations Economy," 2019 Meeting Papers 1459, Society for Economic Dynamics.
• Korobilis, Dimitris, 2019. "High-dimensional macroeconomic forecasting using message passing algorithms," MPRA Paper 96079, University Library of Munich, Germany.
• International Monetary Fund, 2019. "Mali; Request for Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Mali," IMF Staff Country Reports 19/289, International Monetary Fund.
• Ernesto Pasten & Raphael Schoenle & Michael Weber, 2019. "The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy," Working Papers Central Bank of Chile 842, Central Bank of Chile.
• Eunseong Ma, 2019. "Monetary Policy and Inequality: How Does One Affect the Other?," 2019 Meeting Papers 250, Society for Economic Dynamics.
• Stark, Oded & Byra, Lukasz, 2019. "Can a Deportation Policy Backfire?," IZA Discussion Papers 12583, Institute of Labor Economics (IZA).
• Francesco D'Acunto & Daniel Hoang & Maritta Paloviita & Michael Weber, 2019. "Human Frictions to the Transmission of Economic Policy," 2019 Meeting Papers 339, Society for Economic Dynamics.
• robert barsky & Christoph Boehm & Christopher House & Miles Kimball, 2019. "Monetary Policy and Durable Goods," 2019 Meeting Papers 264, Society for Economic Dynamics.
• Dan Cao & Guangyu Nie & Wenlan Luo, 2019. "Fisherian Debt-Deflation Zero Lower Bound," 2019 Meeting Papers 961, Society for Economic Dynamics.
• International Monetary Fund, 2019. "Maldives; 2012 Article IV Consultation-Public Information Notice; Staff Report; and Statement by the Executive Director for Maldives," IMF Staff Country Reports 19/283, International Monetary Fund.
• Tatsushi Okuday & Tomohiro Tsurugaz & Francesco Zanetti, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," BCAM Working Papers 1906, Birkbeck Centre for Applied Macroeconomics.
• Fethi Ogunc, 2019. "A Bayesian VAR Approach to Short-Term Inflation Forecasting," Working Papers 1925, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Li, Fanghui & Wang, Gaowang, 2019. "Multiple equilibria in Lucas (1990)'s optimal capital taxation model with endogenous learning," MPRA Paper 96005, University Library of Munich, Germany.
• Chu, Angus C. & Cozzi, Guido & Furukawa, Yuichi & Liao, Chih-Hsing, 2019. "Effects of Minimum Wage on Automation and Innovation in a Schumpeterian Economy," MPRA Paper 95824, University Library of Munich, Germany.
• George Alessandria & Carter Mix, 2019. "Trade Policy is Real News: A quantitative analysis of past, current, and future changes in U.S. trade barriers," 2019 Meeting Papers 545, Society for Economic Dynamics.
• Vladimir Asriyan & Alberto Martin & Jaume Ventura, 2019. "Sentiments, asset prices and business cycles," 2019 Meeting Papers 1577, Society for Economic Dynamics.
• Gerald Carlino & Nicholas Zarra & Robert Inman & Thorsten Drautzburg, 2019. "Fiscal Policy in Monetary Unions: State Partisanship and its Macroeconomic Effects," 2019 Meeting Papers 434, Society for Economic Dynamics.
• Salih Fendoglu & Mehmet Selman Colak & Yavuz Selim Hacihasanoglu, 2019. "Foreign Currency Debt and the Exchange Rate Pass-Through," Working Papers 1924, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• International Monetary Fund, 2019. "Federated States of Micronesia; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Federated States of Micronesia," IMF Staff Country Reports 19/288, International Monetary Fund.
• Anna Sznajderska & Mariusz Kapuściński, 2019. "The spillover effects of Chinese economy on Southeast Asia and Oceania," NBP Working Papers 315, Narodowy Bank Polski.
• International Monetary Fund, 2019. "Maldives; 2001 Article IV Consultation-Staff Report; and Statement by the Executive Director for Maldives," IMF Staff Country Reports 19/279, International Monetary Fund.
• Ragchaasuren Galindev & Tsolmon Baatarzorig & Nyambaatar Batbayar & Delgermaa Begz & Unurjargal Davaa & Oyunzul Tserendorj, 2019. "Impact of Fiscal Consolidation on the Mongolian Economy," Working Papers MPIA 2019-20, PEP-MPIA.
• Piotr Bańbuła & Arkadiusz Kotuła & Agnieszka Paluch & Mateusz Pipień & Piotr Wdowiński, 2019. "Optimal level of capital in the Polish banking sector," NBP Working Papers 312, Narodowy Bank Polski.
• International Monetary Fund, 2019. "Maldives; 2002 Article IV Consultation-Public Information Notice; Staff Report; and Statement by the Executive Director for Maldives," IMF Staff Country Reports 19/280, International Monetary Fund.
• Ewa Stanisławska & Maritta Paloviita & Tomasz Łyziak, 2019. "Assessing reliability of aggregated inflation views in the European Commission Consumer Survey," NBP Working Papers 313, Narodowy Bank Polski.
• Ragchaasuren Galindev & Tsolmon Baatarzorig & Nyambaatar Batbayar & Delgermaa Begz & Unurjargal Davaa & Oyunzul Tserendorj, 2019. "The Economic and Environmental Impact of Foreign Direct Investment on the Mongolian Coal-Export Sector," Working Papers MPIA 2019-21, PEP-MPIA.
• Robert Calvert Jump & Cars Hommes & Paul Levine, 2018. "Learning, Heterogeneity, and Complexity in the New Keynesian Model," Working Papers 20181807, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
• Friese, Max, 2019. "The interplay between trade unions and the social security system in an aging economy," Thuenen-Series of Applied Economic Theory 148 (revised version), University of Rostock, Institute of Economics, revised 2019.
• Daiki Maeda, 2019. "A Monetary Search Model with Non-unitary Discounting," ISER Discussion Paper 1062, Institute of Social and Economic Research, Osaka University.
• Ryosuke Okazawa & Katsuya Takii, 2019. "Intergenerational Conflict Over Consumption Tax Hike: Evidence from Japan," OSIPP Discussion Paper 19E009, Osaka School of International Public Policy, Osaka University.
• Jesus Fernandez-Villaverde & Federico Mandelman & Francesco Zanetti & Yang Yu, 2019. "Search Complementarities, Aggregate Fluctuations, and Fiscal Policy," 2019 Meeting Papers 380, Society for Economic Dynamics.
• International Monetary Fund, 2019. "Maldives; 2005 Article IV Consultation-Public Information Notice; Staff Report; and Statement by the Executive Director for Maldives," IMF Staff Country Reports 19/281, International Monetary Fund.
• Gregor Jarosch & Jan Sebastian Nimczik & Isaac Sorkin, 2019. "Granular Search, Market Structure, and Wages," NBER Working Papers 26239, National Bureau of Economic Research, Inc.
• Sebastian Dyrda & Benjamin Pugsley, 2019. "Macroeconomic Perspective on the Rise of Pass-through Businesses," 2019 Meeting Papers 1343, Society for Economic Dynamics.
• Gaye Del Lo, 2019. "About the relationship between renewable energy and oil markets," Working Papers of BETA 2019-31, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Morris, Sebastian, 2019. "Steering the Macroeconomy with a Broken Compass and Stuck Rudder?," IIMA Working Papers WP 2019-09-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
• Steven J. Davis, 2019. "Rising Policy Uncertainty," NBER Working Papers 26243, National Bureau of Economic Research, Inc.
• Ibrahim D. Raheem & Aviral K. Tiwari & Daniel Balsalobre-lorente, 2019. "The Role of ICT and Financial Development on CO2 Emissions and Economic Growth," Working Papers 19/058, European Xtramile Centre of African Studies (EXCAS).
• Sarracino, Francesco & O'Connor, Kelsey J., 2019. "Economic growth and well-being beyond the Easterlin paradox," MPRA Paper 96013, University Library of Munich, Germany.
• Gechert, Sebastian & Havranek, Tomas & Irsova, Zuzana & Kolcunova, Dominika, 2019. "Death to the Cobb-Douglas Production Function? A Quantitative Survey of the Capital-Labor Substitution Elasticity," MPRA Paper 95949, University Library of Munich, Germany.
• Christina Patterson, 2019. "The Matching Multiplier and the Amplification of Recessions," 2019 Meeting Papers 95, Society for Economic Dynamics.
• Adrien Auclert & Paul Goldsmith-Pinkham & Will Dobbie, 2019. "Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession," 2019 Meeting Papers 355, Society for Economic Dynamics.
• Sokolovskyi, Dmytro, 2019. "Cumulative analysis of dependence government tax behaviour on economy’s efficiency factors for totality the world countries," MPRA Paper 95827, University Library of Munich, Germany.
• Pedro Brinca & Hans Holter & Miguel Faria-e-Castro & Miguel Ferreira, 2019. "The Nonlinear Effects of Fiscal Policy," 2019 Meeting Papers 934, Society for Economic Dynamics.
• International Monetary Fund, 2019. "Federated States of Micronesia; Climate Change Policy Assessment," IMF Staff Country Reports 19/292, International Monetary Fund.
• Yan Bai & Fabrizio Perri & Patrick Kehoe, 2019. "World financial cycles," 2019 Meeting Papers 1545, Society for Economic Dynamics.
• Abe, Naohito & 阿部, 修人 & Fukao, Kyoji & 深尾, 京司 & Ikeuchi, Kenta & Rao, D.S. Prasada, 2018. "Quantifying and Accounting for Quality Differences in Services in International Price Comparisons: A Bilateral Price Comparison between United States and Japan," SSPJ Discussion Paper Series DP18-006, Service Sector Productivity in Japan: Determinants and Policies, Institute of Economic Research, Hitotsubashi University.