Report NEP-MAC-2019-11-18

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:

• Federico Bassi, 2019. "Capacity Utilization and the NAIRCU - Evidences of Hysteresis in EU countries," CEPN Working Papers 2019-09, Centre d'Economie de l'Université de Paris Nord.
• Ramis Khabibullin, 2019. "What measures of real economic activity slack are helpful for forecasting Russian inflation?," Bank of Russia Working Paper Series wps50, Bank of Russia.
• Adam Brzezinski & Yao Chen & Nuno Palma & Felix Ward, 2019. "The vagaries of the sea: evidence on the real effects of money from maritime disasters in the Spanish Empire," Working Papers 0170, European Historical Economics Society (EHES).
• Thomas I. Palley, 2019. "Central Bank Independence," FMM Working Paper 49-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Peter Jorgensen & Kevin J. Lansing, 2019. "Anchored Inflation Expectations and the Slope of the Phillips Curve," Working Paper Series 2019-27, Federal Reserve Bank of San Francisco.
• Pablo Garcia Sanchez & Alban Moura, 2019. "The LU-EAGLE model with disaggregated public expenditure," BCL working papers 135, Central Bank of Luxembourg.
• Anna Bartocci & Alessandro Notarpietro & Massimiliano Pisani, 2019. "Non-standard monetary policy measures in the new normal," Temi di discussione (Economic working papers) 1251, Bank of Italy, Economic Research and International Relations Area.
• Patrick Fève & Pablo Garcia Sanchez & Alban Moura & Olivier Pierrard, 2019. "Costly default and asymmetric real business cycles," BCL working papers 134, Central Bank of Luxembourg.
• Anton Grui & Artem Vdovychenko, 2019. "Quarterly Projection Model for Ukraine," Working Papers 03/2019, National Bank of Ukraine.
• Gogas, Periklis & Papadimitriou, Theophilos & Sofianos, Emmanouil, 2019. "Money Neutrality, Monetary Aggregates and Machine Learning," DUTH Research Papers in Economics 4-2016, Democritus University of Thrace, Department of Economics.
• Nadav Ben Zeev & Tomer Ifergane, 2019. "Employment Protection Legislation and Economic Resilience: Protect and Survive?," Working Papers 1910, Ben-Gurion University of the Negev, Department of Economics.
• Etienne Vaccaro-Grange, 2019. "Quantitative Easing and the Term Premium as a Monetary Policy Instrument," AMSE Working Papers 1932, Aix-Marseille School of Economics, France.
• Belke, Ansgar & Goemans, Pascal, 2019. "Uncertainty and non-linear macroeconomic effects of fiscal policy in the US: A SEIVAR-based analysis," Ruhr Economic Papers 826, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Broadbent, Ben & Di Pace, Federico & Drechsel, Thomas & Harrison, Richard & Tenreyro, Silvana, 2019. "The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom," Discussion Papers 51, Monetary Policy Committee Unit, Bank of England.
• Nadav Ben Zeev, 2019. "Adjustable-Rate Mortgages, Systematic Monetary Policy, And The Root Cause Of The Financial Crisis," Working Papers 1908, Ben-Gurion University of the Negev, Department of Economics.
• Carola Binder & Wesley Janson & Randal J. Verbrugge, 2019. "Thinking Outside the Box: Do SPF Respondents Have Anchored Inflation Expectations?," Working Papers 19-15, Federal Reserve Bank of Cleveland.
• David Turner & Thomas Chalaux & Yvan Guillemette & Elena Rusticelli, 2019. "Insights from OECD Phillips curve equations on recent inflation outcomes," OECD Economics Department Working Papers 1579, OECD Publishing.
• Luís Aguiar-Conraria & Manuel M. F. Martins & Maria Joana Soares, 2019. "Okun’s Law Across Time and Frequencies," NIPE Working Papers 13/2019, NIPE - Universidade do Minho.
• Rachida Hennani & John Theal, 2019. "Characterizing the Luxembourg financial cycle: Alternatives to statistical filters," BCL working papers 133, Central Bank of Luxembourg.
• Takushi Kurozumi & Willem Van Zandweghe, 2019. "A Theory of Intrinsic Inflation Persistence," Working Papers 19-16, Federal Reserve Bank of Cleveland.
• Coman, Andra & Lloyd, Simon, 2019. "In the face of spillovers: prudential policies in emerging economies," Bank of England working papers 828, Bank of England.
• Vasily Astrov & Alexandra Bykova & Rumen Dobrinsky & Vladimir Gligorov & Richard Grieveson & Doris Hanzl-Weiss & Gabor Hunya & Sebastian Leitner & Isilda Mara & Olga Pindyuk & Leon Podkaminer & Sandor, 2019. "Braced for Fallout from Global Slowdown," wiiw Forecast Reports Autumn2019, The Vienna Institute for International Economic Studies, wiiw.
• George Economides & Anastasios Xepapadeas, 2019. "The effects of climate change on a small open economy," Working Papers 267, Bank of Greece.
• Item repec:spo:wpmain:info:hdl:2441/5q8fnecj1u87ka099dc571bhi2 is not listed on IDEAS anymore

• Martin Christensen & Georg Weiers & Andrea Conte & Marcin Wolski & Simone Salotti, 2019. "The European Fund for Strategic Investments: The Rhomolo-EIB 2019 update," JRC Research Reports JRC118260, Joint Research Centre.
• Proettel, Thorsten, 2019. "International digital currencies and their impact on monetary policy: An exploration of implications and vulnerability," Hohenheim Discussion Papers in Business, Economics and Social Sciences 11-2019, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
• Florian, Huber & Kaufmann, Daniel, 2019. "Trend Fundamentals and Exchange Rate Dynamics," Working Papers in Economics 2019-4, University of Salzburg.
• Sebastian Gechert & Jan Siebert, 2019. "Preferences over wealth," IMK Working Paper 200-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Martin Bodenstein & James Hebden & Fabian Winkler, 2019. "Learning and Misperception: Implications for Price-Level Targeting," Finance and Economics Discussion Series 2019-078, Board of Governors of the Federal Reserve System (U.S.).
• Michael Siegenthaler & Daniel Kopp, 2019. "Short-Time Work and Unemployment in and after the Great Recession," KOF Working papers 19-462, KOF Swiss Economic Institute, ETH Zurich.
• Huber, Florian & Rabithsc, Katrin, 2019. "Exchange rate dynamics and monetary policy: Evidence from a non-linear DSGE-VAR approach," Working Papers in Economics 2019-5, University of Salzburg.
• Antoine Mandel & Vipin P. Veetil, 2019. "Monetary Dynamics in a Network Economy," Documents de travail du Centre d'Economie de la Sorbonne 19021, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Lance Taylor, 2019. "Synthetic MMT: Old Line Keynesianism with an Expansionary Twist," Working Papers Series 103, Institute for New Economic Thinking.
• Guofeng Sun, 2019. "China's Shadow Banking: Bank's Shadow and Traditional Shadow Banking," BIS Working Papers 822, Bank for International Settlements.
• Timothy S. Hills & Taisuke Nakata & Sebastian Schmidt, 2019. "Effective Lower Bound Risk," Finance and Economics Discussion Series 2019-077, Board of Governors of the Federal Reserve System (U.S.).
• Cesa-Bianchi, Ambrogio & Kumhof, Michael & Sokol, Andrej & Thwaites, Gregory, 2019. "Towards a new monetary theory of exchange rate determination," Bank of England working papers 817, Bank of England.
• Nadav Ben Zeev, 2019. "Is There A Single Shock That Drives The Majority Of Business Cycle Fluctuations?," Working Papers 1906, Ben-Gurion University of the Negev, Department of Economics.
• Yannis Dafermos & Maria Nikolaidi, 2019. "Fiscal policy and ecological sustainability," FMM Working Paper 52-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Edward S. Knotek, 2019. "The Roles of Price Points and Menu Costs in Price Rigidity," Working Papers 19-23, Federal Reserve Bank of Cleveland.
• Link, Thomas, 2019. "Optimal timing of calling in large-denomination banknotes under natural rate uncertainty," DICE Discussion Papers 327, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
• Kambale Kavese & Andrew Phiri, 2019. "Microsimulations of a dynamic SUT economy-wide Leontief-based model for the South African economy," Working Papers 1910, Department of Economics, Nelson Mandela University, revised Nov 2019.
• Heather D. Gibson & Stephen G. Hall & Pavlos Petroulas & George S. Tavlas, 2019. "On the effects of the ECB’s funding policies on bank lending and the demand for the euro as an international reserve," Working Papers 270, Bank of Greece.
• Spahn, Peter, 2019. "Keynesian capital theory: Declining interest rates and persisting profits," Hohenheim Discussion Papers in Business, Economics and Social Sciences 10-2019, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
• Sokbae Lee & Yuan Liao & Myung Hwan Seo & Youngki Shin, 2019. "Desperate times call for desperate measures: government spending multipliers in hard times," Working Paper Series no129, Institute of Economic Research, Seoul National University.
• Boriss Siliverstovs & Daniel Wochner, 2019. "Recessions as Breadwinner for Forecasters State-Dependent Evaluation of Predictive Ability: Evidence from Big Macroeconomic US Data," KOF Working papers 19-463, KOF Swiss Economic Institute, ETH Zurich.
• Adamopoulou, Effrosyni & Kaya, Ezgi, 2019. "Not Just a Work Permit: EU Citizenship and the Consumption Behavior of Documented and Undocumented Immigrants," Cardiff Economics Working Papers E2019/16, Cardiff University, Cardiff Business School, Economics Section.
• Lamia Bazzaoui, 2019. "Is Inflation Fiscally Determined?," TERG Discussion Papers 411, Graduate School of Economics and Management, Tohoku University.
• Andrea De Michelis & Thiago Revil T. Ferreira & Matteo Iacoviello, 2019. "Oil Prices and Consumption across Countries and U.S. States," International Finance Discussion Papers 1263, Board of Governors of the Federal Reserve System (U.S.).
• Pfarrhofer, Michael, 2019. "Measuring international uncertainty using global vector autoregressions with drifting parameters," Working Papers in Economics 2019-3, University of Salzburg.
• Dvoskin, Ariel & Feldman, Germán David, 2019. "On the Role of Finance in Sraffa’s System," Centro Sraffa Working Papers CSWP37, Centro di Ricerche e Documentazione "Piero Sraffa".
• Heidorn, Thomas & Mamadalizoda, Nekruz, 2019. "Investigating the cross currency basis in EURUSD and EURGBP," Frankfurt School - Working Paper Series 227, Frankfurt School of Finance and Management.
• Brühl, Volker, 2019. "LIBRA - a differentiated view on Facebook's virtual currency project," CFS Working Paper Series 633, Center for Financial Studies (CFS).
• D’Amico, Stefania & Kaminska, Iryna, 2019. "Credit easing versus quantitative easing: evidence from corporate and government bond purchase programs," Bank of England working papers 825, Bank of England.
• Rüth, Sebastian K., 2019. "Shifts in Monetary Policy and Exchange Rate Dynamics: Is Dornbusch's Overshooting Hypothesis Intact, After all?," Working Papers 0673, University of Heidelberg, Department of Economics.
• Rai da Silva Chicoli & Siegfried Bender, 2019. "Estimation of maximum debt for emerging countries: An analysis by fiscal reaction function," Working Papers, Department of Economics 2019_44, University of São Paulo (FEA-USP).
• Claudia Maurini, 2019. "IMF programs and stigma in Emerging Market Economies," Temi di discussione (Economic working papers) 1247, Bank of Italy, Economic Research and International Relations Area.
• Bob Krebs, 2019. "Revisions to Quarterly National Accounts data in Luxembourg," BCL working papers 136, Central Bank of Luxembourg.
• Tomer Blumkin & David Lagziel, 2019. "Relative Ambition And The Role Of Wage Secrecy In Labor Contracts," Working Papers 1902, Ben-Gurion University of the Negev, Department of Economics.
• Gabriele Camera & Alessandro Gioffré, 2019. "Cooperation in Indefinitely Repeated Helping Games: Existence and Characterization," Working Papers 19-28, Chapman University, Economic Science Institute.
• Joseph Halevi, 2019. "Europe 1957 to 1979: From the Common Market to the European Monetary System," Working Papers Series 101, Institute for New Economic Thinking.
• Begg, David, "undated". "The Impact of EMU on European Transition Economies: Commitment, Institutional Capacity and the Monetary-Fiscal Mix," WIDER Working Papers 295506, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
• Murshed, S. Mansoob, "undated". "A Macroeconomic Model of a Developing Country Endowed with a Natural Resource," WIDER Working Papers 295491, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
• Tomer Blumkin & David Lagziel, 2019. "Pay Secrecy In Labor Markets With Matching Frictions," Working Papers 1903, Ben-Gurion University of the Negev, Department of Economics.
• Joseph Halevi, 2019. "The Political Economy of Europe since 1945: A Kaleckian perspective," Working Papers Series 100, Institute for New Economic Thinking.
• International Monetary Fund, 2019. "Sri Lanka; Sixth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Waiver of Nonobservance and Modification of Performance Criterion-Press Release; Staff Report; ," IMF Staff Country Reports 19/335, International Monetary Fund.
• Eduardo Monte Jorge Hey Martins & Jaylson Jair da Silveira, Gilberto Tadeu Lima, 2019. "Heterogeneity in the Extraction of Labor from Labor Power and Persistence of Wage Inequality," Working Papers, Department of Economics 2019_45, University of São Paulo (FEA-USP).
• Laura E. Jackson & Christopher Otrok & Michael T. Owyang, 2019. "Tax Progressivity, Economic Booms, and Trickle-Up Economics," Working Papers 2019-034, Federal Reserve Bank of St. Louis, revised 06 Jun 2022.
• Edmund Crawley, 2019. "In Search of Lost Time Aggregation," Finance and Economics Discussion Series 2019-075, Board of Governors of the Federal Reserve System (U.S.).
• Vyacheslav Mikhed & Barry Scholnick & Guozhong Zhu, 2019. "Personal Bankruptcy as a Real Option," Working Papers 19-46, Federal Reserve Bank of Philadelphia.
• Melolinna, Marko & Tóth, Máté, 2019. "Trend and cycle shocks in Bayesian unobserved components models for UK productivity," Bank of England working papers 826, Bank of England.
• Edward S. Knotek & Doron Sayag & Avichai Snir, 2019. "The Effects of Price Endings on Price Rigidity: Evidence from VAT Changes," Working Papers 19-24, Federal Reserve Bank of Cleveland.
• Epstein, Gerald & Schor, Juliet, "undated". "Macropolicy in the Rise and Fall of the Golden Age," WIDER Working Papers 295567, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
• Been-Lon Chen & Chih-Feng Lai, 2018. "Optimal Capital Income Taxes in the infinite horizon model with Progressive Income Taxes," IEAS Working Paper : academic research 19-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.
• Gaston Giordana & Paolo Guarda, 2019. "Why do social networks introduce virtual currencies?," BCL working papers 132, Central Bank of Luxembourg.
• Gilbert V. Nartea & Hengyu Bai & Ji Wu, 2019. "Investor Sentiment and the Economic Policy Uncertainty Premium," Working Papers in Economics 19/14, University of Canterbury, Department of Economics and Finance.
• Jose Manuel Rueda-Cantuche & Robert Marschinski & Nuno Sousa, 2019. "EU Exports to the United States: Effects on Employment," JRC Research Reports JRC102062, Joint Research Centre.
• Nadav Ben Zeev, 2019. "Identification of Sign-Dependency of Impulse Responses," Working Papers 1907, Ben-Gurion University of the Negev, Department of Economics.
• International Monetary Fund, 2019. "Russian Federation; Fiscal Transparency Evaluation Update," IMF Staff Country Reports 19/329, International Monetary Fund.
• de Roure, Calebe & McLaren, Nick, 2019. "Liquidity transformation, collateral assets and counterparties," Bank of England working papers 830, Bank of England, revised 29 Jun 2020.
• Sven Schreiber, 2019. "On (bootstrapped) cointegration tests in partial systems," IMK Working Paper 199-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Huang, Yi & Pagano, Marco & Panizza, Ugo, 2019. "Local crowding out in China," CFS Working Paper Series 632, Center for Financial Studies (CFS).
• Consuelo R. Nava & Antonio Pesce & Maria Grazia Zoia, 2019. "A new proposal for the construction of a multi-period/multilateral price index," DISCE - Quaderni del Dipartimento di Politica Economica dipe0007, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
• Matteo Luciani & Riccardo Trezzi, 2019. "Comparing Two Measures of Core Inflation: PCE Excluding Food & Energy vs. the Trimmed Mean PCE Index," FEDS Notes 2019-08-02-1, Board of Governors of the Federal Reserve System (U.S.).
• Popov, Vladimir, "undated". "The Investement Decline in Transition Economies: Policy Versus Non-Policy Factors," WIDER Working Papers 295355, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
• Bahaj, Saleem & Foulis, Angus & Pinter, Gabor & Surico, Paolo, 2019. "Employment and the collateral channel of monetary policy," Bank of England working papers 827, Bank of England.
• Tom Phelan, 2019. "On the Optimality of Differential Asset Taxation," Working Papers 19-17R, Federal Reserve Bank of Cleveland, revised 01 Sep 2022.
• Rothfelder, Mario & Boldea, Otilia, 2019. "Testing for a Threshold in Models with Endogenous Regressors," Discussion Paper 2019-030, Tilburg University, Center for Economic Research.
• Michael T. Kiley, 2019. "The Global Equilibrium Real Interest Rate: Concepts, Estimates, and Challenges," Finance and Economics Discussion Series 2019-076, Board of Governors of the Federal Reserve System (U.S.).
• Philippe Burger & Estian Calitz, 2019. "Sustainable fiscal policy and economic growth in South Africa," Working Papers 15/2019, Stellenbosch University, Department of Economics.
• Kasper Joergensen & Andrew C. Meldrum, 2019. "Expectations about the Federal Funds Rate in the Long Run," FEDS Notes 2019-10-09, Board of Governors of the Federal Reserve System (U.S.).
• John C. Williams, 2019. "No Man Is an Island," Speech 337, Federal Reserve Bank of New York.
• Peter Skott, 2019. "Aggregate demand policy in mature and dual economies," UMASS Amherst Economics Working Papers 2019-21, University of Massachusetts Amherst, Department of Economics.
• Sebastian Gechert & Thomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2019. "Death to the Cobb-Douglas production function," IMK Working Paper 201-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Dario Caldara & Matteo Iacoviello & Patrick Molligo & Andrea Prestipino & Andrea Raffo, 2019. "Does Trade Policy Uncertainty Affect Global Economic Activity?," FEDS Notes 2019-09-04, Board of Governors of the Federal Reserve System (U.S.).
• International Monetary Fund, 2019. "Togo; Fifth Review under the Extended Credit Facility Arrangement-Press Release; Staff Report and Statement by the Executive Director for Togo," IMF Staff Country Reports 19/333, International Monetary Fund.
• Lael Brainard, 2019. "Why Climate Change Matters for Monetary Policy and Financial Stability : a speech at \"The Economics of Climate Change\" a research conference sponsored by the Federal Reserve Bank of San Fr," Speech 1101, Board of Governors of the Federal Reserve System (U.S.).
• Guillaume Gaulier & Aude Sztulman & Deniz Ünal, 2019. "Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components," Working Papers hal-02315466, HAL.
• Joseph Halevi, 2019. "From the EMS to the EMU and... to China," Working Papers Series 102, Institute for New Economic Thinking.
• Fraccaroli, Nicolò, 2019. "Supervisory governance, capture and non‑performing loans," Bank of England working papers 820, Bank of England.
• Kamil Kivanc Karaman & Sevket Pamuk & Secil Yildirim, 2018. "Money and Monetary Stability in Europe, 1300-1914," Working Papers 2018/05, Bogazici University, Department of Economics.
• Richard H. Clarida, 2019. "The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices : A speech at \"Fed Policy: A Shadow Review\" Cato Institute’s 37th Annual Monetary Conferenc," Speech 1104, Board of Governors of the Federal Reserve System (U.S.).
• Jean-Philippe Laforte & Andrea Stella & Luke Van Cleve, 2019. "Real-time Historical Estimates of the Output Gap," FEDS Notes 2019-10-15, Board of Governors of the Federal Reserve System (U.S.).
• KAPSARC, King Abdullah Petroleum Studies and Research Center, 2019. "Macroeconomic Stability and Economic Diversification in Oil-Dependent Countries," Workshop Briefs ks--2019-wb28, King Abdullah Petroleum Studies and Research Center.
• Garth Baughman & Francesca Carapella, 2019. "Federal Funds Rate Control with Voluntary Reserve Targets," FEDS Notes 2019-08-26, Board of Governors of the Federal Reserve System (U.S.).
• Amadxarif, Zahid & Brookes, James & Garbarino, Nicola & Patel, Rajan & Walczak, Eryk, 2019. "The language of rules: textual complexity in banking reforms," Bank of England working papers 834, Bank of England.
• Paola Rossi & Diego Scalise, 2019. "Financial development and growth in European regions," Temi di discussione (Economic working papers) 1246, Bank of Italy, Economic Research and International Relations Area.
• Marcel A. Priebsch, 2019. "A New Way to Visualize the Evolution of Monetary Policy Expectations," FEDS Notes 2019-09-20-2, Board of Governors of the Federal Reserve System (U.S.).
• Gurrola-Perez, Pedro & He, Jieshuang & Harper, Gary, 2019. "Securities settlement fails network and buy‑in strategies," Bank of England working papers 821, Bank of England.