Report NEP-MAC-2019-12-09

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:

• Jesús Fernández-Villaverde & Federico Mandelman & Yang Yu & Francesco Zanetti, 2019. "Search Complementarities, Aggregate Fluctuations, and Fiscal Policy," IMES Discussion Paper Series 19-E-18, Institute for Monetary and Economic Studies, Bank of Japan.
• Nur M. Adhi Purwanto & Ina Nurmalia Kurniati & Reni Indriani, 2018. "Pembangunan Model Makrofinansial Berbasis Dynamic Stochastic General Equilibrium Indonesia: Small Open Economy," Working Papers WP/6/2018, Bank Indonesia.
• Thomas Mayer & Gunther Schnabl, 2019. "Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?," CESifo Working Paper Series 7954, CESifo.
• Kim, Minseong, 2019. "Is government budget constraint binding?," MPRA Paper 97091, University Library of Munich, Germany.
• Vania Esady, 2019. "Real and Nominal Effects of Monetary Shocks under Time-Varying Disagreement," CESifo Working Paper Series 7956, CESifo.
• Alberto Caruso & Laura Coroneo, 2019. "Predicting interest rates in real-time," Discussion Papers 19/18, Department of Economics, University of York.
• Mario Holzner & Stefan Jestl & David Pichler, 2019. "Public and Private Pension Systems and Macroeconomic Volatility in OECD Countries," wiiw Working Papers 172, The Vienna Institute for International Economic Studies, wiiw.
• Hanna Armelius & Christoph Bertsch & Isaiah Hull & Xin Zhang, 2019. "Spread the Word: International Spillovers from Central Bank Communication," BIS Working Papers 824, Bank for International Settlements.
• Yvan Guillemette, 2019. "Recent improvements to the public finance block of the OECD’s long-term global model," OECD Economics Department Working Papers 1581, OECD Publishing.
• Renato Faccini & Edoardo Palombo, 2019. "News Uncertainty in Brexit U.K," Discussion Papers 1921, Centre for Macroeconomics (CFM).
• Tom Hudepohl & Ryan van Lamoen & Nander de Vette, 2019. "Quantitative easing and exuberance in stock markets: Evidence from the euro area," DNB Working Papers 660, Netherlands Central Bank, Research Department.
• Jan Filacek & Ivan Sutoris, 2019. "Inflation Targeting Flexibility: The CNB's Reaction Function under Scrutiny," Research and Policy Notes 2019/02, Czech National Bank.
• Lloyd, S. P. & Marin, E. A., 2019. "Exchange Rate Risk and Business Cycles," Cambridge Working Papers in Economics 1996, Faculty of Economics, University of Cambridge.
• Mirko Abbritti & Asier Aguilera-Bravo & TommasoTrani, 2019. "Long-term business relationships, bargaining and monetary policy," Faculty Working Papers 03/19, School of Economics and Business Administration, University of Navarra.
• Fumitaka Nakamura, 2019. "Household Income, Portfolio Choice and Heterogeneous Consumption Responses to Monetary Policy Shocks," IMES Discussion Paper Series 19-E-19, Institute for Monetary and Economic Studies, Bank of Japan.
• Richard T. Froyen & Alfred V. Guender, 2019. "A Re-Evaluation of the Choice of an Inflation Target in the Wake of the Global Financial Crisis," Working Papers in Economics 19/17, University of Canterbury, Department of Economics and Finance.
• Dominika Spolcova & Barbara Pertold-Gebicka, 2019. "Does Income Increase the Well–Being of Employees?: Evidence from Europe," Working Papers IES 2019/23, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Aug 2019.
• Jaylson Jair da Silveira & Gilberto Tadeu Lima, 2019. "Wage Inequality as a Source of Endogenous Macroeconomic Fluctuations," Working Papers, Department of Economics 2019_46, University of São Paulo (FEA-USP).
• Shiyi Wang, 2019. "Capital Flow Volatility: The Effects of Financial Development and Global Financial Conditions," 2019 Papers pwa945, Job Market Papers.
• Jaromír Baxa & Tomáš Šestořád, 2019. "The Czech Exchange Rate Floor: Depreciation without Inflation?," Working Papers IES 2019/6, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised May 2019.
• Hamza Bennani & Nicolas Fanta & Pavel Gertler & Roman Horvath, 2019. "Does Central Bank Communication Signal Future Monetary Policy? The Case of the ECB," Working Papers IES 2019/12, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised May 2019.
• Pascal Michaillat & Emmanuel Saez, 2019. "Beveridgean Unemployment Gap," NBER Working Papers 26474, National Bureau of Economic Research, Inc.
• Bazot, Guillaume & Monnet, Eric & Morys, Matthias, 2019. "Taming the gobal financial cycle: Central banks and the sterilization of capital flows in the first era of globalization," IBF Paper Series 03-19, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
• Pierluigi Balduzzi & Emanuele Brancati & Marco Brianti & Fabio Schiantarelli, 2019. "Populism, Political Risk and the Economy: Lessons from Italy," Boston College Working Papers in Economics 989, Boston College Department of Economics, revised 28 Apr 2020.
• Jaroslav Pavlicek & Ladislav Kristoufek, 2019. "Modeling UK Mortgage Demand Using Online Searches," Working Papers IES 2019/18, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2019.
• Phitawat Poonpolkul, 2019. "Risk-sensitive preferences and age-dependent risk aversion," CAMA Working Papers 2019-86, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Stéphane Dées & Alessandro Galesi, 2019. "The global financial cycle and us monetary policy in an interconnected world," Working Papers 1942, Banco de España.
• Abugamea, Gaber, 2019. "The nexus of trade, employment and economic growth: evidence from Palestine," MPRA Paper 97100, University Library of Munich, Germany.
• Yang You & Kenneth S. Rogoff, 2019. "Redeemable Platform Currencies," NBER Working Papers 26464, National Bureau of Economic Research, Inc.
• Rui WANG, 2019. "Monopolistic Competition and Nominal Stickiness in Generalized New Keynesian Model," Discussion Papers 1913, Graduate School of Economics, Kobe University.
• Emily Liu & Friederike Niepmann & Tim Schmidt-Eisenlohr, 2019. "The Effect of U.S. Stress Tests on Monetary Policy Spillovers to Emerging Markets," CESifo Working Paper Series 7955, CESifo.
• Joerg Schmidt, 2019. "Risk, Asset Pricing and Monetary Policy Transmission in Europe: Evidence from a Threshold-VAR approach," MAGKS Papers on Economics 201928, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Roman Frydman & Soren Johansen & Anders Rahbek & Morten Tabor, 2019. "The Knightian Uncertainty Hypothesis: Unforeseeable Change and Muth`s Consistency Constraint in Modeling Aggregate Outcomes," Working Papers Series 92, Institute for New Economic Thinking.
• Lance Taylor & Ozlem Omer, 2018. "Where Do Profits and Jobs Come From? Employment and Distribution in the US Economy," Working Papers Series 72, Institute for New Economic Thinking.
• Anmol Bhandari & Serdar Birinci & Ellen McGrattan & Kurt See, 2019. "What Do Survey Data Tell Us About US Businesses?," Staff Working Papers 19-45, Bank of Canada.
• Jaromir Baxa & Pavel Jancovic, 2019. "Czech BEERs with PEERs: Tackling the Uncertainty," Working Papers IES 2019/30, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2019.
• Murshed, Muntasir & Nijhum, Nawrin Khan, 2019. "The Fiscal and Current Account Imbalances: An Empirical analysis of the Twin Deficits Hypothesis in Bangladesh," MPRA Paper 97115, University Library of Munich, Germany.
• Kosuke Aoki & Ko Munakata & Nao Sudo, 2019. "Prolonged Low Interest Rates and Banking Stability," IMES Discussion Paper Series 19-E-21, Institute for Monetary and Economic Studies, Bank of Japan.
• Dominika Kolcunová & Simona Malovaná, 2019. "The Effect of Higher Capital Requirements on Bank Lending: The Capital Surplus Matters," Working Papers IES 2019/5, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Apr 2019.
• Ariell Reshef & Gianluca Santoni, 2019. "Are Your Labor Shares Set in Beijing? The View through the Lens of Global Value Chains," Working Papers 2019-16, CEPII research center.
• Petr Hanzlík & Petr Teplý, 2019. "Key Determinants of Net Interest Margin of EU Banks in the Zero Lower Bound of Interest Rates," Working Papers IES 2019/2, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Mar 2019.
• Cem Gorgun, 2019. "Monetary Unions and National Welfare," Koç University-TUSIAD Economic Research Forum Working Papers 1912, Koc University-TUSIAD Economic Research Forum.
• Al-Mawlawi, Ali, 2019. "Public payroll expansion in Iraq: causes and consequences," LSE Research Online Documents on Economics 102576, London School of Economics and Political Science, LSE Library.
• Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2019. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency: Pre-Crisis Era Revisited," Working Papers 19/085, European Xtramile Centre of African Studies (EXCAS).
• Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2019. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency: Pre-Crisis Era Revisited," Working Papers of the African Governance and Development Institute. 19/085, African Governance and Development Institute..
• Carlos León, 2019. "Detecting anomalous payments networks: A dimensionality reduction approach," Borradores de Economia 1098, Banco de la Republica de Colombia.
• Cherrier, Beatrice & Backhouse, Roger, 2018. "The ordinary business of macroeconometric modeling: working on the Fed-MIT-Penn model (1964-1974)," SocArXiv 39xkz, Center for Open Science.
• Reza Anglingkusumo & Berry A. Harahap & Fitria I. Triswati & Pakasa Bary & Anggita Cinditya M. Kusuma & M. Bagus Arya, 2018. "Fragmentasi International Finance dan Peningkatan Proteksionisme," Working Papers WP/3/2018, Bank Indonesia.
• Zhenyu Gao & Michael Sockin & Wei Xiong, 2019. "Economic Consequences of Housing Speculation," NBER Working Papers 26457, National Bureau of Economic Research, Inc.
• Tzougas, George & Hoon, W. L. & Lim, J. M., 2019. "The negative binomial-inverse Gaussian regression model with an application to insurance ratemaking," LSE Research Online Documents on Economics 101728, London School of Economics and Political Science, LSE Library.
• Middleton, Elliott III, 2018. "A Partial Equilibrium Analysis of Current US Monetary Policy with a Prediction," SocArXiv ve3uw, Center for Open Science.
• Elias, Alberto Ezequiel & Graña Colella, Santiago & Ianni, Juan Martin & Mauro, Lucía Mercedes, 2018. "Análisis a la problemática de financiación de las PyMEs: una crítica al régimen de metas de inflación," Nülan. Deposited Documents 3246, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
• Kladivko, Kamil & Österholm, Pär, 2019. "Market Participants’ Forecasts of Financial Variables – Can Survey Data Outperform the Random Walk?," Working Papers 2019:10, Örebro University, School of Business.
• Marie-Laure BREUILLÉ & Emmanuelle TAUGOURDEAU, 2019. "Multi-tier tax competition on Gasoline," Working Papers 2019-23, Center for Research in Economics and Statistics.
• Carrera, Leandro N. & Angelaki, Marina, 2020. "The diversity and causality of pension reform pathways: a fuzzy-set qualitative comparative analysis," LSE Research Online Documents on Economics 102554, London School of Economics and Political Science, LSE Library.