Report NEP-MAC-2019-10-07

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:

• Kolasa, Marcin & Rubaszek, Michał & Walerych, Małgorzata, 2019. "Are flexible working hours helpful in stabilizing unemployment?," Research Discussion Papers 24/2019, Bank of Finland.
• DiGabriele, Jim & Ojo, Marianne, 2019. "The wage growth puzzle and the Philips Curve explained: recent developments," MPRA Paper 95110, University Library of Munich, Germany.
• Hördahl, Peter & Tristani, Oreste, 2019. "Modelling yields at the lower bound through regime shifts," Working Paper Series 2320, European Central Bank.
• Markus K. Brunnermeier & Harold James & Jean-Pierre Landau, 2019. "The Digitalization of Money," NBER Working Papers 26300, National Bureau of Economic Research, Inc.
• Kambale Kavese & Andrew Phiri, 2019. "Fiscal cyclicality in South African public expenditures: Do asymmetries explain inconsistencies?," Working Papers 1909, Department of Economics, Nelson Mandela University, revised Sep 2019.
• Thibaut Piquard & Dilyara Salakhova, 2019. "Secured and Unsecured Interbank Markets: Monetary Policy, Substitution and the Cost of Collateral," Working papers 730, Banque de France.
• Giuseppe Vitaletti, 2019. "Sraffa, saggio di interesse, sistema fiscale," Working papers 80, Società Italiana di Economia Pubblica.
• Povilas Lastauskas & Julius Stakenas, 2019. "Does It Matter When Labor Market Reforms Are Implemented? The Role of the Monetary Policy Environment," Bank of Lithuania Working Paper Series 66, Bank of Lithuania.
• Povilas Lastauskas & Julius Stakénas, 2019. "Does It Matter When Labor Market Reforms Are Implemented? The Role of the Monetary Policy Environment," CESifo Working Paper Series 7844, CESifo.
• Lutho Mbekeni & Andrew Phiri, 2019. "Can the South African Reserve Bank (SARB) protect the purchasing power of citizens? A new look at Fisher’s hypothesis," Working Papers 1906, Department of Economics, Nelson Mandela University, revised Sep 2019.
• Andrea Berardi & Michael Markovich & Alberto Plazzi & Andrea Tamoni, 2019. "Mind the (Convergence) Gap: Bond Predictability Strikes Back!," Swiss Finance Institute Research Paper Series 19-52, Swiss Finance Institute.
• Dániel Baksa & Zsuzsa Munkácsi, 2019. "More Gray, More Volatile? Aging and (Optimal) Monetary Policy," Bank of Lithuania Working Paper Series 67, Bank of Lithuania.
• Mordi, Charles N. O. & Adebiyi, Michael A. & Omotosho, Babatunde S., 2019. "Modelling interest rates pass-through in Nigeria: An error correction approach with asymmetric adjustments and structural breaks," MPRA Paper 96171, University Library of Munich, Germany.
• Carolin Pflueger & Emil Siriwardane & Adi Sunderam, 2019. "Financial Market Risk Perceptions and the Macroeconomy," NBER Working Papers 26290, National Bureau of Economic Research, Inc.
• Panagiotis Konstantinou & Andromachi Partheniou, 2019. "The Effects of Government Spending Over the Business Cycle: A Disaggregated Analysis for OECD and Non-OECD Countries," DEOS Working Papers 1904, Athens University of Economics and Business.
• Jesús Fernández-Villaverde & Samuel Hurtado & Galo Nuño, 2019. "Financial Frictions and the Wealth Distribution," NBER Working Papers 26302, National Bureau of Economic Research, Inc.
• Fatih Guvenen & Gueorgui Kambourov & Burhan Kuruscu & Sergio Ocampo & Daphne Chen, 2019. "Use It or Lose It: Efficiency Gains from Wealth Taxation," Working Papers tecipa-648, University of Toronto, Department of Economics.
• Francesco Bianchi & Thilo Kind & Howard Kung, 2019. "Threats to Central Bank Independence: High-Frequency Identification with Twitter," NBER Working Papers 26308, National Bureau of Economic Research, Inc.
• Peter Andre & Carlo Pizzinelli & Christopher Roth & Johannes Wohlfart, 2019. "Subjective Models of the Macroeconomy: Evidence from Experts and Representative Samples," CESifo Working Paper Series 7850, CESifo.
• Christoph Görtz & Christopher Gunn & Thomas Lubik, "undated". "What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs," Carleton Economic Papers 19-09, Carleton University, Department of Economics.
• Christoph Gortz & Christopher Gunn & Thomas A. Lubik, 2019. "What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs," Discussion Papers 19-09, Department of Economics, University of Birmingham.
• John V. Leahy & Aditi Thapar, 2019. "Demographic Effects on the Impact of Monetary Policy," NBER Working Papers 26324, National Bureau of Economic Research, Inc.
• Gu, Ran, 2019. "Specific Capital, Firm Insurance, and the Dynamics of the Postgraduate Wage Premium," MPRA Paper 96254, University Library of Munich, Germany.
• Aaron Mehrotra & Richhild Moessner & Chang Shu Author-X-Name_First: Chang, 2019. "Interest rate spillovers from the United States: expectations, term premia and macro-financial vulnerabilities," BIS Working Papers 814, Bank for International Settlements.
• Isaac Baley & Andrés Blanco, 2019. "Aggregate Dynamics in Lumpy Economies," Working Papers 1116, Barcelona School of Economics.
• Isaac Baley & Andrés Blanco, 2019. "Aggregate dynamics in lumpy economies," Economics Working Papers 1670, Department of Economics and Business, Universitat Pompeu Fabra.
• Nikolay Hristov & Markus Roth, 2019. "Uncertainty Shocks and Financial Crisis Indicators," CESifo Working Paper Series 7839, CESifo.
• Huw D. Dixon & Christian Grimme, 2019. "State-Dependent or Time-Dependent Pricing? New Evidence from a Monthly Firm-Level Survey: 1980-2017," CESifo Working Paper Series 7842, CESifo.
• Jonathan Chiu & Thorsten Koeppl, 2019. "The Economics of Cryptocurrencies—Bitcoin and Beyond," Staff Working Papers 19-40, Bank of Canada.
• Enrique G. Mendoza & Sergio Villalvazo, 2019. "FiPIt: A Simple, Fast Global Method for Solving Models with Two Endogenous States & Occasionally Binding Constraints," NBER Working Papers 26310, National Bureau of Economic Research, Inc.
• Mariko Hatase & Yoichi Matsubayashi, 2019. "Tax Incentives for Investment: Evidence from Japan's High-Growth Era," IMES Discussion Paper Series 19-E-17, Institute for Monetary and Economic Studies, Bank of Japan.
• Flora Lutz & Leopold Zessner-Spitzenberg, 2019. "Sudden Stops and Reserve Accumulation in the Presence of International Liquidity Risk," Vienna Economics Papers 1907, University of Vienna, Department of Economics.
• Karlsson, Sune & Österholm, Pär, 2019. "The Relation between the Corporate Bond-Yield Spread and the Real Economy: Stable or TimeVarying?," Working Papers 2019:7, Örebro University, School of Business.
• Ṣebnem Kalemli-Özcan, 2019. "U.S. Monetary Policy and International Risk Spillovers," NBER Working Papers 26297, National Bureau of Economic Research, Inc.
• Crowley, Patrick M. & Hughes Hallett, Andrew, 2019. "The evolution of US and UK GDP components in the time-frequency domain : A continuous wavelet analysis," Research Discussion Papers 23/2019, Bank of Finland.
• Javier Bianchi & Pablo Ottonello & Ignacio Presno, 2019. "Fiscal Stimulus under Sovereign Risk," NBER Working Papers 26307, National Bureau of Economic Research, Inc.
• Sokbae Lee & Yuan Liao & Myung Hwan Seo & Youngki Shin, 2019. "Desperate times call for desperate measures: government spending multipliers in hard times," Department of Economics Working Papers 2019-11, McMaster University.
• International Monetary Fund, 2019. "New Zealand; 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 19/303, International Monetary Fund.
• Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2019. "The Distributional Effects of Peer and Aspirational Pressure," CESifo Working Paper Series 7838, CESifo.
• Mansur, Alfan & Nizar, Muhammad Afdi, 2019. "Mengukur Perkembangan Sektor Keuangan di Indonesia dan Faktor – Faktor yang Mempengaruhi [Assessing the Measurement and Determinants of Financial Sector Development in Indonesia]," MPRA Paper 96265, University Library of Munich, Germany, revised 30 Sep 2019.
• Fausto Cavalli & Ahmad Naimzada & Nicolò Pecora, 2019. "Complex interplay between monetary and fiscal policies in a real economy model," Working Papers 409, University of Milano-Bicocca, Department of Economics, revised May 2019.
• Rohan Kekre & Moritz Lenel, 2019. "Macroeconomic Policy and the Price of Risk," 2019 Meeting Papers 1423, Society for Economic Dynamics.
• Chaoran Chen & Diego Restuccia & Raul Santaeulalia-Llopis, 2019. "The Effects of Land Markets on Resource Allocation and Agricultural Productivity," Working Papers tecipa-649, University of Toronto, Department of Economics.
• Laura Coroneo & Fabrizio Iacone & Fabio Profumo, 2019. "A Real-time Density Forecast Evaluation of the ECB Survey of Professional Forecasters," Discussion Papers 19/14, Department of Economics, University of York.
• Rupal Kamdar, 2019. "The Inattentive Consumer: Sentiment and Expectations," 2019 Meeting Papers 647, Society for Economic Dynamics.
• Hutter, Christian & Klinger, Sabine & Trenkler, Carsten & Weber, Enzo, 2019. "Which factors are behind Germany's labour market upswing?," IAB-Discussion Paper 201920, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
• Francesco Zanetti & Tatsushi Okuda & Tomohiro Tsuruga, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," Economics Series Working Papers 881, University of Oxford, Department of Economics.
• Feng Dong & Yi Wen, 2019. "Time-Varying Networks and the Efficacy of Money Without Sticky Prices," 2019 Meeting Papers 1464, Society for Economic Dynamics.
• David Childers & Ross Doppelt, 2019. "Estimating Distributional Responses to Macroeconomic Shocks," 2019 Meeting Papers 1541, Society for Economic Dynamics.
• Bernardino Adão & Andre Silva, 2019. "Government Financing, Inflation, and the Financial Sector," 2019 Meeting Papers 350, 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 of the African Governance and Development Institute. 19/060, African Governance and Development Institute..
• International Monetary Fund, 2019. "Republic of Moldova; Fourth and Fifth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements, Completion of the Inflation Consultation, and Request for Extension of the Arr," IMF Staff Country Reports 19/305, International Monetary Fund.
• Pedro Henrique da Silva Castro, 2019. "Earmarked Credit and Monetary Policy Power: micro and macro considerations," Working Papers Series 505, Central Bank of Brazil, Research Department.
• Angelos Angelopoulos & Konstantinos Angelopoulos & Spyridon Lazarakis & Apostolis Philippopoulos, 2019. "The Distributional Consequences of Rent Seeking," CESifo Working Paper Series 7835, CESifo.
• Lorenzo Bretscher & Andrea Tamoni & Aytek Malkhozov, 2019. "News Shocks and Asset Prices," 2019 Meeting Papers 100, Society for Economic Dynamics.
• Gabriela Cugat, 2019. "Emerging markets, household heterogeneity, and exchange rate policy," 2019 Meeting Papers 526, Society for Economic Dynamics.
• Simone Auer & Marco Bernardini & Martina Cecioni, 2019. "Corporate Leverage and Monetary Policy Effectiveness in the Euro Area," 2019 Meeting Papers 1102, Society for Economic Dynamics.
• Francesco Ferrante & Matthias Paustian, 2019. "Nominal Debt and the Heterogeneous Effects of Forward Guidance," 2019 Meeting Papers 1256, Society for Economic Dynamics.
• Ahmad, Naimzada & Marina, Pireddu, 2019. "Eductive stability may not imply evolutionary stability in the presence of information costs," Working Papers 406, University of Milano-Bicocca, Department of Economics, revised May 2019.
• Brochier, Lidia & Freitas, Fábio, 2019. "Stock-flow ratios and the paradox of debt in canonical neo-kaleckian and supermultiplier models," MPRA Paper 96252, University Library of Munich, Germany.
• Fernando Martin, 2019. "How to Starve the Beast: Fiscal and Monetary Policy Rules," 2019 Meeting Papers 1181, Society for Economic Dynamics.
• Christian Matthes & Felipe Schwartzman, 2019. "The Demand Origins of Business Cycles," 2019 Meeting Papers 1122, Society for Economic Dynamics.
• Fernando Arce & Julien Bengui & Javier Bianchi, 2019. "A Macroprudential Theory of Foreign Reserve Accumulation," Staff Working Papers 19-43, Bank of Canada.
• Kozo Ueda, 2019. "Reallocation Effects of Monetary Policy," 2019 Meeting Papers 128, Society for Economic Dynamics.
• Nina Biljanovska & Alexandros Vardoulakis & Lucyna Gornicka, 2019. "Optimal Macroprudential Policy and Asset Price Bubbles," 2019 Meeting Papers 663, Society for Economic Dynamics.
• John Geanakoplos & David Rappoport, 2019. "Credit Surfaces, Economic Activity, and Monetary Policy," 2019 Meeting Papers 1516, Society for Economic Dynamics.
• Federico, Salvatore & Ferrari, Giorgio & Schuhmann, Patrick, 2019. "A Model for the Optimal Management of Inflation," Center for Mathematical Economics Working Papers 624, Center for Mathematical Economics, Bielefeld University.
• Bobana Cegar & Francisco J Parodi, 2019. "State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight," IMF Working Papers 19/201, International Monetary Fund.
• Álvaro Chamizo & Alfonso Novales, 2019. "Looking through systemic credit risk: determinants, stress testing and market value," Documentos de Trabajo del ICAE 2019-27, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
• Miyazaki, Koichi, 2019. "Optimal paid job-protected leave policy," MPRA Paper 96223, University Library of Munich, Germany.
• Francesco Bianchi & Howard Kung & Mikhail Tirskikh, 2019. "The Origins and Effects of Macroeconomic Uncertainty," 2019 Meeting Papers 245, Society for Economic Dynamics.
• Daniel Baksa & Zsuzsa Munkacsi, 2019. "More Gray, More Volatile? Aging and (Optimal) Monetary Policy," IMF Working Papers 19/198, International Monetary Fund.
• Vincent Sterk & Wei Cui, 2019. "Quantitative Easing," 2019 Meeting Papers 29, Society for Economic Dynamics.
• Bindseil, Ulrich, 2019. "Early French and German central bank charts and regulations," Occasional Paper Series 234, European Central Bank.
• Gabriel Chodorow-Reich & Loukas Karabarbounis & Rohan Kekre, 2019. "The Macroeconomics of the Greek Depression," 2019 Meeting Papers 1396, Society for Economic Dynamics.
• Isaac Baley & Julio Blanco, 2019. "Aggregate Dynamics in Lumpy Economies," 2019 Meeting Papers 903, Society for Economic Dynamics.
• Dean Corbae & Erwan Quintin, 2019. "Asset Quality Dynamics," 2019 Meeting Papers 368, Society for Economic Dynamics.
• Alvar Kangur & Koralai Kirabaeva & Jean-Marc Natal & Simon Voigts, 2019. "How Informative Are Real Time Output Gap Estimates in Europe?," IMF Working Papers 19/200, International Monetary Fund.
• Abdou Ndiaye, 2019. "THe Baby Boomers' Retirement and Consumption Savings Puzzle," 2019 Meeting Papers 711, Society for Economic Dynamics.
• Job Boerma & Loukas Karabarbounis, 2019. "Labor Market Trends and the Changing Value of Time," NBER Working Papers 26301, National Bureau of Economic Research, Inc.
• Si Guo & Yun Pei & Zoe Xie, 2019. "Decentralization and Overborrowing in a Fiscal Federation," 2019 Meeting Papers 1229, Society for Economic Dynamics.
• Ricardo Reyes-Heroles & Gabriel Tenorio, 2019. "Macroprudential Policy in the Presence of External Risks," 2019 Meeting Papers 1138, Society for Economic Dynamics.
• Joris Tielens, 2019. "Pipeline Pressures and Sectoral Inflation Dynamics," 2019 Meeting Papers 856, Society for Economic Dynamics.
• Alex Clymo, 2019. "Dispersion Over the Business Cycle: Productivity versus Demand," 2019 Meeting Papers 1125, Society for Economic Dynamics.
• Guimarães, Luis & Gil, Pedro, 2019. "Looking ahead at the effects of automation in an economy with matching frictions," MPRA Paper 96238, University Library of Munich, Germany.
• Hassan Afrouzi & Laura Veldkamp, 2019. "Biased Inflation Forecasts," 2019 Meeting Papers 894, Society for Economic Dynamics.
• Matteo Leombroni & Ciaran Rogers, 2019. "Heterogeneous Households and the Portfolio Rebalancing Channel of Monetary Policy," 2019 Meeting Papers 684, Society for Economic Dynamics.
• Karikari-Apau, Ellen & Abeti, Wilson, 2019. "The Impact of Unemployment on Economic Growth in China," MPRA Paper 96192, University Library of Munich, Germany.
• Rosati, Nicoletta & Bellia, Mario & Matos, Pedro Verga & Oliviera, Vasco, 2019. "Ratings matter: announcements in times of crisis and the dynamics of stock markets," JRC Working Papers in Economics and Finance 2019-08, Joint Research Centre, European Commission.
• Julian Andres VILLAMIL & Luis Felipe QUINTERO & Gustavo Adolfo HERNANDEZ-DIAZ, 2019. "La estructura sectorial de Colombia: Un análisis insumo-producto," Archivos de Economía 17505, Departamento Nacional de Planeación.
• Christopher Johnson, 2019. "International Shadow Banking and Macroprudential Policy," 2019 Meeting Papers 780, Society for Economic Dynamics.
• Lukasz Drozd & Michal Kowalik, 2019. "Credit Cards and the Great Recession: The Collapse of Teasers," 2019 Meeting Papers 1047, Society for Economic Dynamics.
• Eric Monnet & Damien Puy, 2019. "One Ring to Rule Them All? New Evidence on World Cycles," IMF Working Papers 19/202, International Monetary Fund.
• Zheng Liu & Pengfei Wang & Tao Zha, 2019. "A Theory of Housing Demand Shocks," 2019 Meeting Papers 78, Society for Economic Dynamics.
• Jaylson Jair da Silveira & Gilberto Tadeu Lima, 2019. "Can Workers' Increased Pessimism about the Labor Market Conditions Raise Unemployment?," Working Papers, Department of Economics 2019_38, University of São Paulo (FEA-USP).
• Fernando M. Aragon Sanchez & Diego Restuccia & Juan Pablo Rud, 2019. "Are Small Farms Really more Productive than Large Farms?," NBER Working Papers 26331, National Bureau of Economic Research, Inc.
• Ufuk Akcigit & Sina T. Ates, 2019. "What Happened to U.S. Business Dynamism?," CESifo Working Paper Series 7854, CESifo.
• João Carlos Lopes & José Carlos Coelho & Vítor Escária, 2019. "Labour Productivity, Wages and the Functional Distribution of Income in Portugal: A Sectoral Approach," Working Papers REM 2019/91, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Javier Cravino & Andrei A. Levchenko & Marco Rojas, 2019. "Population Aging and Structural Transformation," NBER Working Papers 26327, National Bureau of Economic Research, Inc.
• Phuong Le & Cuong Le Van & Anh Ngoc Nguyen & Ngoc Minh Nguyen & Phu Nguyen-Van & Dinh-Tri Vo, 2019. "Some Issues on the Vietnam Economic Growth. (Part of this manuscript, circulated as Le-Van C., Nguyen N.A., Nguyen N.M., Nguyen-Van P. (2023), "Capital diversion in Vietnamese state-owned enterpr," Working Papers of BETA 2019-36, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Narula, Rajneesh, 2019. "Enforcing higher labour standards within developing country value chains: Consequences for MNEs and informal actors in a dual economy," MERIT Working Papers 2019-034, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Julian Andres VILLAMIL & Luis Felipe QUINTERO & Gustavo Adolfo HERNANDEZ-DIAZ, 2019. "Generación de empleos y clústeres," Archivos de Economía 17506, Departamento Nacional de Planeación.
• Parantap Basu & Tooraj Jamasb, 2019. "On Green Growth with Sustainable Capital," Department of Economics Working Papers 2019_06, Durham University, Department of Economics.
• Bichler, Shimshon & Nitzan, Jonathan, 2019. "Making America Great Again," EconStor Preprints 204466, ZBW - Leibniz Information Centre for Economics.
• Ufuk Akcigit & Sina T. Ates, 2019. "Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory," CESifo Working Paper Series 7849, CESifo.
• Charles I. Jones & Christopher Tonetti, 2019. "Nonrivalry and the Economics of Data," NBER Working Papers 26260, National Bureau of Economic Research, Inc.
• Fernando Aragon, Diego Restuccia, Juan Pablo Rud & Diego Restuccia & Juan Pablo Rud, 2019. "Are small farms really more productive than large farms?," Discussion Papers dp19-05, Department of Economics, Simon Fraser University.
• Fernando Aragon & Diego Restuccia & Juan Pablo Rud, 2019. "Are Small Farms Really more Productive than Large Farms?," Working Papers tecipa-647, University of Toronto, Department of Economics.