Report NEP-MAC-2019-09-30

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:

• Guillermo A. Calvo, 2019. "Liquidity Deflation and Liquidity Trap under Flexible Prices: Some Microfoundations and Implications," NBER Working Papers 26277, National Bureau of Economic Research, Inc.
• Tsutomu Watanabe & Tomoyoshi Yabu, 2019. "How Large is the Demand for Money at the ZLB? Evidence from Japan," Working Papers on Central Bank Communication 013, University of Tokyo, Graduate School of Economics.
• Francesco Bianchi & Leonardo Melosi & Matthias Rottner, 2019. "Hitting the Elusive Inflation Target," NBER Working Papers 26279, National Bureau of Economic Research, Inc.
• Roman Horvath & Lorant Kaszab & Ales Marsal & Katrin Rabitsch, 2019. "Determinants of Fiscal Multipliers Revisited," Department of Economics Working Papers wuwp294, Vienna University of Economics and Business, Department of Economics.
• Peter Hördahl & Oreste Tristani, 2019. "Modelling yields at the lower bound through regime shifts," BIS Working Papers 813, Bank for International Settlements.
• Òscar Jordà & Alan M. Taylor, 2019. "Riders on the Storm," NBER Working Papers 26262, National Bureau of Economic Research, Inc.
• Jesus Fernandez-Villaverde & Federico Mandelman & Yang Yu & Francesco Zanetti, 2019. "Search Complementarities, Aggregate Fluctuations, and Fiscal Policy," PIER Working Paper Archive 19-016, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Fatih Guvenen & Gueorgui Kambourov & Burhanettin Kuruscu & Sergio Ocampo-Diaz & Daphne Chen, 2019. "Use It or Lose It: Efficiency Gains from Wealth Taxation," NBER Working Papers 26284, National Bureau of Economic Research, Inc.
• Bersson, Betsy & Hürtgen, Patrick & Paustian, Matthias, 2019. "Expectations formation, sticky prices, and the ZLB," Discussion Papers 34/2019, Deutsche Bundesbank.
• Horst, Maximilian & Neyer, Ulrike, 2019. "The impact of quantitative easing on bank loan supply and monetary policy implementation in the euro area," DICE Discussion Papers 325, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
• Bozhechkova Alexandra & Kiyutsevskaya Anna & Trunin Pavel & Knobel Alexander, 2019. "Russia’s Monetary Policy in 2018," Published Papers ppaper-2019-960, Gaidar Institute for Economic Policy, revised 2019.
• Donadelli, Michael & Jüppner, Marcus & Prosperi, Lorenzo, 2019. "Risk weighting, private lending and macroeconomic dynamics," Discussion Papers 30/2019, Deutsche Bundesbank.
• Hertrich, Markus, 2019. "A novel housing price misalignment indicator for Germany," Discussion Papers 31/2019, Deutsche Bundesbank.
• Gander, Sascha, 2019. "The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation," IPE Working Papers 125/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Sindri Engilbertsson & Gylfi Zoega, 2019. "The Effect of Brexit on the UK Economy (so far)," BCAM Working Papers 1907, Birkbeck Centre for Applied Macroeconomics.
• Athanasios Geromichalos & Kuk Mo Jung, 2019. "Monetary Policy and Efficiency in Over-the-Counter Financial Trade," Working Papers 1903, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
• Gächter, Martin & Geiger, Martin & Stöckl, Sebastian, 2019. "Credit intermediation and the transmission of macro-financial uncertainty: International evidence," EconStor Preprints 204444, ZBW - Leibniz Information Centre for Economics.
• Horvath, Roman & Kaszab, Lorant & Marsal, Ales & Rabitsch, Katrin, 2019. "Determinants of Fiscal Multipliers Revisited," Department of Economics Working Paper Series 294, WU Vienna University of Economics and Business.
• Schön, Matthias & Stähler, Nikolai, 2019. "When old meets young? Germany's population ageing and the current account," Discussion Papers 33/2019, Deutsche Bundesbank.
• Jelena Zivanovic, 2019. "What Does Structural Analysis of the External Finance Premium Say About Financial Frictions?," Staff Working Papers 19-38, Bank of Canada.
• María Victoria Landaberry, 2019. "Boom de crédito en Uruguay: Identificación y Anticipación," Documentos de trabajo 2019001, Banco Central del Uruguay.
• Marina Sanches & Laura Carvalho, 2019. "The contribution of fiscal policy to the Brazilian recent crisis: an analysis based on expenditure and tax multipliers for the central government in the period 1997-2018," Working Papers, Department of Economics 2019_35, University of São Paulo (FEA-USP), revised 23 Sep 2019.
• Mathias Klein & Ludger Linnemann, 2019. "Tax and Spending Shocks in the Open Economy: Are the Deficits Twins?," Discussion Papers of DIW Berlin 1821, DIW Berlin, German Institute for Economic Research.
• Jesus Fernandez-Villaverde & Samuel Hurtado & Galo Nuno, 2019. "Financial Frictions and the Wealth Distribution," PIER Working Paper Archive 19-015, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Seungduck Lee & Kuk Mo Jung, 2019. "A Liquidity-Based Resolution of the Uncovered Interest Parity Puzzle," Working Papers 1902, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
• Naudé, Wim, 2019. "The Decline in Entrepreneurship in the West: Is Complexity Ossifying the Economy?," IZA Discussion Papers 12602, Institute of Labor Economics (IZA).
• Emanuel Kohlscheen & Jouchi Nakajima, 2019. "Steady-state growth," BIS Working Papers 812, Bank for International Settlements.
• Kosuke Aoki & Hibiki Ichiue & Tatsushi Okuda, 2019. "Consumers' Price Beliefs, Central Bank Communication, and Inflation Dynamics," Bank of Japan Working Paper Series 19-E-14, Bank of Japan.
• Kuk Mo Jung & Ju Hyun Pyun, 2019. "Out-of-Sample Analysis of International Reserves for Emerging Economies with a Dynamic Panel Model," Working Papers 1904, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
• Cascaldi-Garcia, Danilo & Vukotic, Marija, 2019. "Patent-Based News Shocks," The Warwick Economics Research Paper Series (TWERPS) 1225, University of Warwick, Department of Economics.
• Michael Funke & Danilo Leiva-Leon & Andrew Tsang, 2019. "Mapping China’s time-varying house price landscape," Working Papers 1930, Banco de España.
• Andrea Giovanni Gazzani & Alejandro Vicondoa, 2019. "Proxy-SVAR as a Bridge for Identification with Higher Frequency Data," 2019 Meeting Papers 855, Society for Economic Dynamics.
• Chakraborty, Lekha & Chakraborty, Pinaki & Shrestha, Ruzel, 2019. "Budget Credibility of Subnational Governments: Analyzing the Fiscal Forecasting Errors of 28 States in India," MPRA Paper 95921, University Library of Munich, Germany.
• International Monetary Fund, 2019. "Republic of Azerbaijan; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Azerbaijan," IMF Staff Country Reports 19/301, International Monetary Fund.
• Item repec:spo:wpmain:info:hdl:2441/73bviabv8o80nrgh0mm5h3163q is not listed on IDEAS anymore

• Anthony Edo & Jacques Melitz, 2019. "The Primary Cause of European Inflation in 1500-1700: Precious Metals or Population? The English Evidence," Working Papers 2019-14, Center for Research in Economics and Statistics.
• Ufuk Akcigit & Yusuf Emre Akgunduz & Seyit Mumin Cilasun & Elif Ozcan Tok & Fatih Yilmaz, 2019. "Facts on Business Dynamism in Turkey," Working Papers 1930, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• International Monetary Fund, 2019. "Guyana; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana," IMF Staff Country Reports 19/296, International Monetary Fund.
• International Monetary Fund, 2019. "Bangladesh; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bangladesh," IMF Staff Country Reports 19/299, International Monetary Fund.
• Leilane de Freitas Rocha Cambara & Roberto Meurer, Gilberto Tadeu Lima, 2019. "Deviating from Perfect Foresight but not from Theoretical Consistency: The Behavior of Inflation Expectations in Brazil," Working Papers, Department of Economics 2019_36, University of São Paulo (FEA-USP).
• Stone, Joe A. & Jacobs, David, 2019. "Presidential party affiliation and electoral cycles in the U.S.economy: evidence from party changes in adjacent terms," MPRA Paper 96064, University Library of Munich, Germany.
• Danial Lashkari & Arthur Bauer & Jocelyn Boussard, 2019. "Information Technology and Returns to Scale," Boston College Working Papers in Economics 984, Boston College Department of Economics.
• Aditya Aladangady & Shifrah Aron-Dine & Wendy Dunn & Laura Feiveson & Paul Lengermann & Claudia Sahm, 2019. "From Transactions Data to Economic Statistics: Constructing Real-time, High-frequency, Geographic Measures of Consumer Spending," NBER Working Papers 26253, National Bureau of Economic Research, Inc.
• Item repec:cte:werepe:28874 is not listed on IDEAS anymore

• Victor Dorofeenko & Gabriel Lee & Kevin Salyer & Johannes Strobel, 2019. "Uncertainty and Housing in a New Keynesian Monetary Model with Agency Costs," ERES eres2019_214, European Real Estate Society (ERES).
• Anson T. Y. Ho & Mikael Khan & Monica Mow & Brian Peterson, 2019. "Home Equity Extraction and Household Spending in Canada," Staff Analytical Notes 2019-27, Bank of Canada.
• Marcos R. Castro, 2019. "Sectoral Countercyclical Buffers in a DSGE Model with a Banking Sector," Working Papers Series 503, Central Bank of Brazil, Research Department.
• Mariano Kulish & Adrian Pagan, 2019. "Turning point and oscillatory cycles," CAMA Working Papers 2019-74, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Florin Bilbiie, 2019. "Monetary Policy and Heterogeneity: An Analytical Framework," 2019 Meeting Papers 178, Society for Economic Dynamics.
• Adam, Klaus & Weber, Henning, 2019. "Price trends over the product life cycle and the optimal inflation target," Discussion Papers 32/2019, Deutsche Bundesbank.
• Pierre Mabille, 2019. "Aggregate Precautionary Savings Motives," 2019 Meeting Papers 344, Society for Economic Dynamics.
• Franziska Bremus & Melina Ludolph, 2019. "The Nexus between Loan Portfolio Size and Volatility: Does Banking Regulation Matter?," Discussion Papers of DIW Berlin 1822, DIW Berlin, German Institute for Economic Research.
• John Duffy & Daniela Puzzello, 2019. "The Friedman Rule in the Laboratory," 2019 Meeting Papers 541, Society for Economic Dynamics.
• Galassi, Gabriela & Koll, David & Mayr, Lukas, 2019. "The Intergenerational Correlation of Employment: Is There a Role for Work Culture?," IZA Discussion Papers 12595, Institute of Labor Economics (IZA).
• James Bullard & Riccardo DiCecio, 2019. "Optimal Monetary Policy for the Masses," 2019 Meeting Papers 347, Society for Economic Dynamics.
• Perekunah B. Eregha & Arcade Ndoricimpa, 2019. "Inflation, Output Growth and their Uncertainties: A Multivariate GARCH-M Modeling Evidence for Nigeria," Working Papers 19/060, European Xtramile Centre of African Studies (EXCAS).
• Emile van Ommeren & Giulia Piccillo, 2019. "The Central Bank Governor and Interest Rate Setting by Committee," CESifo Working Paper Series 7822, CESifo.
• Bhadury, Soumya & Ghosh, Saurabh & Kumar, Pankaj, 2019. "Nowcasting GDP Growth Using a Coincident Economic Indicator for India," MPRA Paper 96007, University Library of Munich, Germany.
• Frank Bohn & Francisco José Veiga, 2019. "Political Budget Forecast Cycles," NIPE Working Papers 12/2019, NIPE - Universidade do Minho.
• Richard Blundell & Ran Gu & Søren Leth-Petersen & Hamish Low & Costas Meghir, 2019. "Durables and Lemons: Private Information and the Market for Cars," NBER Working Papers 26281, National Bureau of Economic Research, Inc.
• Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2019. "Response of the Macroeconomy to Uncertainty Shocks:the Risk Premium Channel," 2019 Meeting Papers 1567, Society for Economic Dynamics.
• Sergio Salgado & Fatih Guvenen & Nicholas Bloom, 2019. "Skewed Business Cycles," 2019 Meeting Papers 1189, Society for Economic Dynamics.
• Pooya Molavi, 2019. "Macroeconomics with Learning and Misspecification: A General Theory and Applications," 2019 Meeting Papers 1584, Society for Economic Dynamics.
• Tsutomu Watanabe & Tomoyoshi Yabu, 2019. "How Large is the Demand for Money at the ZLB? Evidence from Japan," CARF F-Series CARF-F-465, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
• Davide Debortoli & Pierre Yared & Ricardo Nunes, 2019. "Optimal Fiscal Policy without Commitment: Beyond Lucas-Stokey," 2019 Meeting Papers 926, Society for Economic Dynamics.
• Andrea Brandolini & Alfonso Rosolia, 2019. "The Distribution of Well-Being among Europeans," SOEPpapers on Multidisciplinary Panel Data Research 1052, DIW Berlin, The German Socio-Economic Panel (SOEP).
• Gee Hee Hong & Ernesto Pasten & Matthew Klepacz & Raphael Schoenle, 2019. "From Micro to Macro: A New Methodology to Discriminate Among Models," 2019 Meeting Papers 906, Society for Economic Dynamics.
• Enrique Alberola & Carlos Urrutia, 2019. "Does Informality facilitate Inflation Stability?," 2019 Meeting Papers 216, Society for Economic Dynamics.
• Sushant Acharya & Edouard Challe & Keshav Dogra, 2019. "Optimal Monetary Policy in HANK Economies," 2019 Meeting Papers 381, Society for Economic Dynamics.
• Chao Gu & Cyril Monnet & Ed Nosal & Randall Wright, 2019. "On the Instability of Banking and Financial Intermediation," 2019 Meeting Papers 352, Society for Economic Dynamics.
• Watzka, Klaus, 2019. "Plädoyer für eine neue Tarifpolitik: Kritische Situationsanalyse und Diskussion einer alternativen Gestaltungsvariante," Jena Contributions to Economic Research 2019/2, Ernst-Abbe-Hochschule Jena – University of Applied Sciences, Department of Business Administration.
• Mehmet Selman Colak & Ibrahim Ethem Guney & Ahmet Senol & Muhammed Hasan Yilmaz, 2019. "Monitoring and Forecasting Cyclical Dynamics in Bank Credits: Evidence from Turkish Banking Sector," Working Papers 1929, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Indaco, Agustín, 2019. "From Twitter to GDP: Estimating Economic Activity From Social Media," MPRA Paper 95885, University Library of Munich, Germany.
• International Monetary Fund, 2019. "Namibia; 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 19/295, International Monetary Fund.
• Carlos Carrillo-Tudela & David Wiczer & Ludo Visschers, 2019. "Cyclical Earnings and Employment Transitions," 2019 Meeting Papers 1548, Society for Economic Dynamics.
• Congressional Budget Office, 2019. "Employment of People Ages 55 to 79," Reports 55454, Congressional Budget Office.
• International Monetary Fund, 2019. "Mongolia; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mongolia," IMF Staff Country Reports 19/297, International Monetary Fund.
• International Monetary Fund, 2019. "Montenegro; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro," IMF Staff Country Reports 19/293, International Monetary Fund.
• Renato Faccini & Leonardo Melosi, 2019. "Bad Jobs and Low Inflation," 2019 Meeting Papers 970, Society for Economic Dynamics.
• Maxime Menuet & Alexandru Minea & Patrick Villieu, 2021. "The Perils of Fiscal Rules," Working Papers hal-02291307, HAL.
• Christian R. Proaño & Benjamin Lojak, 2019. "Animal spirits, risk premia and monetary policy at the zero lower bound," CAMA Working Papers 2019-73, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Nicolas Caramp & Dejanir Silva, 2019. "Fiscal Origins of Monetary Paradoxes," 2019 Meeting Papers 1281, Society for Economic Dynamics.
• Guangyu PEI, 2019. "Uncertainty, Pessimism and Economic Fluctuations," 2019 Meeting Papers 1494, Society for Economic Dynamics.
• Sophie van Huellen & Duo Qin & Shan Lu & Huiwen Wang & Qingchao Wang & Thanos Moraitis, 2019. "Modelling Opportunity Cost Effects in Money Demand due to Openness," Working Papers 225, Department of Economics, SOAS University of London, UK.
• Adrien Auclert & Frederic Martenet & Hannes Malmberg, 2019. "Wealth and Demographics in the 21st Century," 2019 Meeting Papers 952, Society for Economic Dynamics.
• Gert Peersman & Sebastian K. Rüth & Wouter Van der Veken, 2019. "The Interplay between Oil and Food Commodity Prices: Has It Changed over Time?," CESifo Working Paper Series 7826, CESifo.
• Mariarosaria Comunale, 2019. "An Investigation of the Exchange Rate Pass-Through in the Baltic States," CEIS Research Paper 469, Tor Vergata University, CEIS, revised 17 Sep 2019.
• Maurício S. Bugarin & Fabia A. de Carvalho, 2019. "Elections, Heterogeneity of Central Bankers and Inflationary Pressure: the case for staggered terms for the president and the central banker," Working Papers Series 501, Central Bank of Brazil, Research Department.
• Oscar Jorda & Alan Taylor & Sanjay Singh, 2019. "The Long-Run Effects of Monetary Policy," 2019 Meeting Papers 1307, Society for Economic Dynamics.
• Ewa Wróbel, 2019. "How to measure lending policy stance of commercial banks?," NBP Working Papers 317, Narodowy Bank Polski.
• Christopher Henry & Kim Huynh & Angelika Welte, 2018. "Rapport de l’enquête de 2017 sur les modes de paiement," Discussion Papers 18-17fr, Bank of Canada.
• Alberto Bagnai & Christian Alexander Mongeau Ospina, 2017. "Neoclassical versus Post-Keynesian Explanations of the Pre-Great Recession Productivity Slowdown: Panel Evidence," a/ Working Papers Series 1704, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
• Kolev, Atanas & Maurin, Laurent & Ségol, Matthieu, 2019. "What firms don't like about bank loans: New evidence from survey data," EIB Working Papers 2019/07, European Investment Bank (EIB).
• Xiao, Tim, 2019. "The Valuation of Financial Derivatives Subject to Counterparty Risk and Credit Value Adjustment," EconStor Preprints 204279, ZBW - Leibniz Information Centre for Economics.
• Mehrdad Esfahani & Bart Hobijn & John Fernald, 2019. "World Productivity: 1996-2014," 2019 Meeting Papers 539, Society for Economic Dynamics.
• Tong Zhang, 2019. "Haircut Cycles," 2019 Meeting Papers 124, Society for Economic Dynamics.
• Alan Hevner & Isabelle Comyn-Wattiau & Jacky Akoka & Nicolas Prat, 2018. "A pragmatic approach for identifying and managing design science research goals and evaluation criteria," Post-Print hal-02283783, HAL.
• 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 of the African Governance and Development Institute. 19/058, African Governance and Development Institute..
• Giacomo Candian & Mikhail Dmitriev, 2019. "Implications of Default Recovery Rates for Aggregate Fluctuations," 2019 Meeting Papers 1185, Society for Economic Dynamics.
• Heise, Arne, 2019. "Neo-Kaleckian and neo-Marxian regime research: A promising scientific research programme or a scientific cul-de-sac?," ZÖSS-Discussion Papers 74, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
• Bart Hobijn & Adam Shapiro & Fernanda Nechio, 2019. "Using Brexit to Identify the Nature of Price Rigidities," 2019 Meeting Papers 693, Society for Economic Dynamics.
• Athanasios Geromichalos & Kuk Mo Jung & Seungduck Lee & Dillon Carlos, 2019. "Asset Liquidity in Monetary Theory and Finance: A Unified Approach," Working Papers 1905, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
• Mehrdad Vahabi, 2019. "A Review of Rent-seekers, Profits, Wages and Inequality, The Top 20%, 2019 by Peter Mihalyi and Ivan Szelenyi," CEPN Working Papers 2019-07, Centre d'Economie de l'Université de Paris Nord.
• Dejanir Silva, 2019. "Optimal Fiscal Consolidation in a Currency Union," 2019 Meeting Papers 1338, Society for Economic Dynamics.
• Léleng Kebalo, 2019. "Le Franc CFA et le débat sur l'autonomie de la politique monétaire de la BCEAO," Post-Print hal-02282948, HAL.
• Kassem, Mohamad & Ali, Amjad & Audi, Marc, 2019. "Unemployment Rate, Population Density and Crime Rate in Punjab (Pakistan): An Empirical Analysis," MPRA Paper 95964, University Library of Munich, Germany.
• Franklin Allen & Douglas Gale & Gadi Barlevy, 2019. "Asset Price Booms and Macroeconomic Policy: a Risk-Shifting Approach," 2019 Meeting Papers 587, Society for Economic Dynamics.
• Esteban Rossi-Hansberg & Pierre-Daniel Sarte & Felipe Schwartzman, 2019. "Cognitive Hubs and Spatial Redistribution," NBER Working Papers 26267, National Bureau of Economic Research, Inc.