Report NEP-MAC-2020-02-17

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:

• Omotosho, Babatunde S., 2019. "Business Cycle Fluctuations in Nigeria: Some Insights from an Estimated DSGE Model," MPRA Paper 98351, University Library of Munich, Germany.
• Barnett, William & Bella, Giobanni & Ghosh, Taniya & Mattana, Paolo & Venturi, Beatrice, 2020. "Shilnikov Chaos, Low Interest Rates, and New Keynesian Macroeconomics," MPRA Paper 98417, University Library of Munich, Germany.
• Martin Holm & Pascal Paul & Andreas Tischbirek, 2020. "The Transmission of Monetary Policy under the Microscope," Working Paper Series 2020-03, Federal Reserve Bank of San Francisco.
• Nicolas Caramp, 2020. "Fiscal Policy and the Monetary Transmission Mechanism," Working Papers 337, University of California, Davis, Department of Economics.
• Sanjay R. Singh & Nicolas Caramp, 2020. "Bond Premium Cyclicality and Liquidity Traps," Working Papers 336, University of California, Davis, Department of Economics.
• Marco Del Negro & Christopher A. Sims, 2015. "Central Bank Solvency and Inflation," Liberty Street Economics 20150401, Federal Reserve Bank of New York.
• Saito, Makoto & 齊藤, 誠, 2020. "Long-run mild deflation under fiscal unsustainability in Japan," Discussion Paper Series 703, Institute of Economic Research, Hitotsubashi University.
• Omotosho, Babatunde S., 2019. "Central Bank Communication in Ghana: Insights from a Text Mining Analysis," MPRA Paper 98297, University Library of Munich, Germany.
• Marco Del Negro & Marc Giannoni & Raiden B. Hasegawa & Frank Schorfheide, 2014. "Why Didn’t Inflation Collapse in the Great Recession?," Liberty Street Economics 20140813, Federal Reserve Bank of New York.
• Kevin L. Kliesen, 2020. "A Comparison of Fed "Tightening" Episodes since the 1980s," Working Papers 2020-003, Federal Reserve Bank of St. Louis, revised 31 Jan 2022.
• Isaac Baley & Ana Figueiredo & Robert Ulbricht, 2020. "Mismatch cycles," Economics Working Papers 1694, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2021.
• Jason Taylor & Wenjun Xue & Hakan Yilmazkuday, 2020. "The Impact of China's Fiscal and Monetary Policy Responses to the Great Recession: An Analysis of Firm-Level Chinese Data," Working Papers 2002, Florida International University, Department of Economics.
• Tarek Hassan & Laurence van Lent & Stephan Hollander & Ahmed Tahoun, 2020. "The Global Impact of Brexit Uncertainty," Working Papers Series 106, Institute for New Economic Thinking.
• Min Zhang & Yahong Zhang, 2020. "Monetary Stimulus Policy in China: the Bank Credit Channel," Working Papers 2001, University of Windsor, Department of Economics.
• Pamfili Antipa & Christophe Chamley, 2019. "Regimes of Fiscal and Monetary Policy in England during the French Wars (1793-1821)," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-327, Boston University - Department of Economics.
• Jan Behringer, 2020. "Factor shares and the rise in corporate net lending," FMM Working Paper 53-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Matthew Cocci & Marco Del Negro & Marc Giannoni & Sara Shahanaghi & Micah Smith, 2015. "Why Are Interest Rates So Low?," Liberty Street Economics 20150520, Federal Reserve Bank of New York.
• Federico Bassi, 2019. "Capacity Utilization and the NAIRCU," Working Papers hal-02360456, HAL.
• Ismail Baydur & Toshihiko Mukoyama, 2020. "Job Duration and Match Characteristics over the Business Cycle," Working Papers gueconwpa~20-20-01, Georgetown University, Department of Economics.
• Kollmann, Robert, 2020. "Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies," MPRA Paper 98412, University Library of Munich, Germany.
• Evzen Kocenda & Karen Poghosyan, 2020. "Nowcasting Real GDP Growth: Comparison between Old and New EU Countries," Working Papers IES 2020/5, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Feb 2020.
• Valeria Bejarano-Salcedo & Juan Manuel Julio-Román & Edgar Caicedo-García & Julián Alonso Cárdenas-Cárdenas, 2020. "Entendiendo, Modelando y Pronosticando el Efecto de “El Niño” Sobre los Precios de los Alimentos: El Caso Colombiano," Borradores de Economia 1102, Banco de la Republica de Colombia.
• E.Gautier & S. Roux & M. Suarez Castillo, 2019. "Do Minimum Wages Make Wages more Rigid? Evidence from French Micro Data," Documents de Travail de l'Insee - INSEE Working Papers g2019-09, Institut National de la Statistique et des Etudes Economiques.
• الرسول, أد/ أحمد أبواليزيد & عبدالراضي, صابرين صبره & عون, أد/ عون خيرالله & عبدالرازق, د ياسمين صلاح, 2019. "أثر التضخم على النمو الاقتصادي بالقطاع الزراعي المصري [The impact of inflation on the economic growth of the Egyptian agricultural sector]," MPRA Paper 98572, University Library of Munich, Germany.
• Nir Jaimovich & Itay Saporta-Eksten & Henry Siu & Yaniv Yedid-Levi, 2020. "The macroeconomics of automation: data, theory, and policy analysis," ECON - Working Papers 340, Department of Economics - University of Zurich.
• Adam Copeland & George Hall & Louis J. Maccini, 2015. "End of the Road? Impact of Interest Rate Changes on the Automobile Market," Liberty Street Economics 20151123, Federal Reserve Bank of New York.
• Christian Breuer & Chang Woon Nam, 2020. "Fiscal Consolidation and the Current Account: OECD Evidence," Chemnitz Economic Papers 035, Department of Economics, Chemnitz University of Technology, revised Jan 2020.
• Wee Chian Koh & M. Ayhan Kose & Peter S. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Debt and Financial Crises," Koç University-TUSIAD Economic Research Forum Working Papers 2001, Koc University-TUSIAD Economic Research Forum.
• Christoffer Koch & Gary Richardson & Patrick Van Horn, 2020. "Countercyclical Capital Buffers: A Cautionary Tale," NBER Working Papers 26710, National Bureau of Economic Research, Inc.
• Bianca De Paoli & Marco Del Negro & Stefano Eusepi & Marc Giannoni & Argia M. Sbordone & Andrea Tambalotti, 2014. "Forecasting with the FRBNY DSGE Model," Liberty Street Economics 20140922, Federal Reserve Bank of New York.
• Joseph E. Gagnon & Olivier Jeanne, 2020. "Central bank policy sets the lower bound on bond yield," Working Paper Series WP20-2, Peterson Institute for International Economics.
• M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global Recessions," Koç University-TUSIAD Economic Research Forum Working Papers 2002, Koc University-TUSIAD Economic Research Forum.
• Michael Cai & Marco Del Negro & Marc Giannoni & Abhi Gupta & Pearl Li, 2018. "Forecasts of the Lost Recovery," Liberty Street Economics 20180509, Federal Reserve Bank of New York.
• Jaimovich, Nir & Saporta-Eksten, Itay & Siu, Henry E. & Yedid-Levi, Yaniv, 2020. "The Macroeconomics of Automation: Data, Theory, and Policy Analysis," IZA Discussion Papers 12913, Institute of Labor Economics (IZA).
• Radoslaw Stefanski & Alex Trew, 2020. "Selection, Patience, and the Interest Rate," Discussion Paper Series, School of Economics and Finance 202002, School of Economics and Finance, University of St Andrews, revised 23 Jul 2021.
• Radoslaw Stefanski & Alex Trew, 2020. "Patience Breeds Interest: The Rise of Societal Patience and the Fall of the Risk-free Interest Rate," CDMA Working Paper Series 202001, Centre for Dynamic Macroeconomic Analysis.
• Constantin Bürgi & Tara M. Sinclair, 2020. "What Does Forecaster Disagreement Tell Us about the State of the Economy?," Working Papers 2020-001, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
• Böhm, Hannes & Schaumburg, Julia & Tonzer, Lena, 2020. "Financial linkages and sectoral business cycle synchronisation: Evidence from Europe," IWH Discussion Papers 2/2020, Halle Institute for Economic Research (IWH).
• A. Bourgeois & A. Briand, 2019. "Le modèle Avionic: la modélisation input/output des comptes nationaux," Documents de Travail de l'Insee - INSEE Working Papers g2019-02, Institut National de la Statistique et des Etudes Economiques.
• Anderson, Gareth & Cesa-Bianchi, Ambrogio, 2020. "Crossing the credit channel: credit spreads and firm heterogeneity," Bank of England working papers 854, Bank of England.
• Rangan Gupta & Chi Keung Marco Lau & Jacobus A Nel & Xin Sheng, 2020. "Monetary Policy Uncertainty Spillovers in Time- and Frequency-Domains," Working Papers 202005, University of Pretoria, Department of Economics.
• Jesus Fernandez-Villaverde & Daniel R. Sanches & Linda Schilling & Harald Uhlig, 2020. "Central Bank Digital Currency: Central Banking For All?," Working Papers 2020-04, Becker Friedman Institute for Research In Economics.
• Etienne Lalé & Linas Tarasonis, 2020. "The Life-cycle Profile of Worker Flows in Lithuania," Bank of Lithuania Occasional Paper Series 32, Bank of Lithuania.
• M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global Recessions," Working Papers 162, Peruvian Economic Association.
• Tanaka, Yasuhito, 2020. "Divisibility and indivisibility of labor supply, and involuntary unemployment: A monopolistic competition model with homothetic preferences," MPRA Paper 98406, University Library of Munich, Germany.
• Adelowokan, Oluwaseyi & Adesoye, Adesola & Akpa, Emeka & Maku, Olukayode, 2020. "Remittances, Foreign Aid and Private Consumption in Sub-Saharan Africa (SSA): A System GMM Estimation," MPRA Paper 98362, University Library of Munich, Germany.
• Tanaka, Yasuhito, 2020. "Divisibility and indivisibility of labor supply, and involuntary unemployment: A perfect competition model," MPRA Paper 98405, University Library of Munich, Germany.
• Mohanty, Ranjan Kumar & Bhanumurthy, N.R., 2020. "Revisiting the Role of Fiscal Policy in Determining Interest Rates in India," Working Papers 20/296, National Institute of Public Finance and Policy.
• Gérard Mondello & Elena Sinelnikova & Pavel Trunin, 2020. "Macro and Micro Implications of the Introduction of Central Bank Digital Currencies: An Overview," GREDEG Working Papers 2020-02, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, revised Mar 2020.
• Dominika Ehrenbergerova & Simona Malovana, 2019. "Introducing Macro-Financial Variables into a Semi-Structural Model," Working Papers 2019/6, Czech National Bank.
• Tanaka, Yasuhito, 2020. "非自発的失業の存在について：世代重複完全競争モデルを用いて [On the existence of involuntary unemployment: Overlapping generations perfect competition model]," MPRA Paper 98407, University Library of Munich, Germany.
• Alexis Derviz, 2019. "Coexistence of Physical and Crypto Assets in a Stochastic Endogenous Growth Model," Working Papers 2019/7, Czech National Bank.
• Robert C. Dent & Samuel Kapon & Fatih Karahan & Benjamin Pugsley & Ayşegül Şahin, 2014. "The Long-Term Unemployed and the Wages of New Hires," Liberty Street Economics 20141119, Federal Reserve Bank of New York.
• Congressional Budget Office, 2020. "How Changes in Economic Conditions Might Affect the Federal Budget: 2020 to 2030," Reports 56096, Congressional Budget Office.
• George Monokroussos & Yongchen Zhao, 2020. "Nowcasting in Real Time Using Popularity Priors," Working Papers 2020-01, Towson University, Department of Economics, revised Feb 2020.
• Oguzhan Cepni & David Gabauer & Rangan Gupta & Khuliso Ramabulana, 2020. "Time-Varying Spillover of US Trade War on the Growth of Emerging Economies," Working Papers 202002, University of Pretoria, Department of Economics.
• Gert Bijnens & Jozef Konings, 2018. "Declining Business Dynamism in Belgium," Working Papers 20181, University of Liverpool, Department of Economics.
• Andreas Fuster & Eilidh Geddes & Benedict Guttman-Kenney & Andrew F. Haughwout, 2017. "How Resilient Is the U.S. Housing Market Now?," Liberty Street Economics 20170213, Federal Reserve Bank of New York.
• Mary Amiti & Mark Choi, 2013. "China’s Impact on U.S. Inflation," Liberty Street Economics 20130114, Federal Reserve Bank of New York.
• Jose Sanchez-Fung, 2019. "Examining the life-cycle artistic productivity of Latin American photographers," ACEI Working Paper Series AWP-05-2019, Association for Cultural Economics International, revised Dec 2019.
• Pinshi, Christian, 2020. "Rethinking error correction model in macroeconometric analysis : A relevant review," MPRA Paper 98202, University Library of Munich, Germany.
• Michael P. Clements, 2020. "Individual Forecaster Perceptions of the Persistence of Shocks to GDP," ICMA Centre Discussion Papers in Finance icma-dp2020-02, Henley Business School, University of Reading.
• King Yoong Lim & Shuonan Zhang, 2020. "Commodity Shocks and Optimal Fiscal Management of Resource Revenue in an Economy with State-owned Enterprises," NBS Discussion Papers in Economics 2020/02, Economics, Nottingham Business School, Nottingham Trent University.
• Ryan Bush & Marco Huwiler & Eric LeSueur & Giorgio Topa, 2017. "How Much Is Priced In? Market Expectations for FOMC Rate Hikes from Different Angles," Liberty Street Economics 20171130, Federal Reserve Bank of New York.
• Lubik, Thomas A. & Matthes, Christian & Mertens, Elmar, 2020. "Indeterminacy and imperfect information," Discussion Papers 01/2020, Deutsche Bundesbank.
• Claude Bismut & Ismael Ramajo, 2019. "Nominal and real interest rates in OECD countries," Working Papers hal-02355139, HAL.
• Constantin Bürgi, 2020. "Consumer Inflation Expectations and Household Weights," Working Papers 2020-002, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
• Marco Cipriani & Julia Gouny & Matthew Kessler & Adam Spiegel, 2015. "The New Overnight Bank Funding Rate," Liberty Street Economics 20151109, Federal Reserve Bank of New York.
• Fenoaltea, Stefano, 2020. "Reconstructing The Past: Italy's Historical National Accounts, 1861-1913," MPRA Paper 98350, University Library of Munich, Germany.
• Bill Dupor & Rong Li & M. Saif Mehkari & Yi-Chan Tsai, 2020. "The 2008 U.S. Auto Market Collapse," Working Papers 2020-004, Federal Reserve Bank of St. Louis.
• Jan Priewe, 2020. "Why 60 and 3 percent? European debt and deficit rules - critique and alternatives," IMK Studies 66-2020, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Simplice A. Asongu & Oludele E. Folarin & Nicholas Biekpe, 2019. "The Stability of Demand for Money in the Proposed Southern African Monetary Union," Research Africa Network Working Papers 19/025, Research Africa Network (RAN).
• Luc Eyraud & Andrew Hodge & John Ralyea & Julien Reynaud, 2020. "How to Design Subnational Fiscal Rules; A Primer," IMF Fiscal Affairs Department 20/01, International Monetary Fund.
• Jeremiah P. Boyle & Richard K. Crump & Emanuel Moench & Matthew Raskin & Carlo Rosa & Lisa Stowe, 2014. "Survey Measures of Expectations for the Policy Rate," Liberty Street Economics 20141205a, Federal Reserve Bank of New York.
• Jean-Bernard Chatelain & Kirsten Ralf, 2019. "Policy Maker's Credibility with Predetermined Instruments for Forward-Looking Targets," Working Papers halshs-02371913, HAL.
• Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Foreign Direct Investment, Information Technology and Economic Growth Dynamics in Sub-Saharan Africa," Research Africa Network Working Papers 19/038, Research Africa Network (RAN).
• Shigeto Kitano & Kenya Takaku, 2020. "Financial Market Incompleteness and International Cooperation on Capital Controls," Discussion Paper Series DP2020-05, Research Institute for Economics & Business Administration, Kobe University, revised Oct 2021.
• Julien Albertini & Stéphane Auray & Hafedh Bouakez & Aurélien Eyquem, 2020. "Taking off into the Wind: Unemployment Risk and State-Dependent Government Spending Multipliers," Working Papers halshs-02452369, HAL.
• Fukunaga,Ichiro & Komatsuzaki,Takuji & Matsuoka,Hideaki, 2020. "Inflation and Public Debt Reversals in Advanced Economies," Policy Research Working Paper Series 9129, The World Bank.
• Gara M. Afonso & Roc Armenter & Benjamin Lester, 2018. "Size Is Not All: Distribution of Bank Reserves and Fed Funds Dynamics," Liberty Street Economics 20180711, Federal Reserve Bank of New York.
• Oriol Valles Codina, 2020. "Economic Production as Life: A Classical Approach to Computational Social Science," Working Papers 2001, New School for Social Research, Department of Economics.
• Christian Breuer & Carsten Colombier, 2020. "Debt and Growth: Historical Evidence," Chemnitz Economic Papers 036, Department of Economics, Chemnitz University of Technology, revised Jan 2020.
• Michael Cai & Marco Del Negro & Edward P. Herbst & Ethan Matlin & Reca Sarfati & Frank Schorfheide, 2019. "Online Estimation of DSGE Models," Liberty Street Economics 20190821, Federal Reserve Bank of New York.
• Miroudot, Sébastien & Ye, Ming, 2019. "Investigating double counting terms in the value-added decomposition of gross exports," MPRA Paper 98232, University Library of Munich, Germany.
• Jon Frost, 2020. "The economic forces driving fintech adoption across countries," BIS Working Papers 838, Bank for International Settlements.
• R. Jason Faberman & Andreas I. Mueller & Ayşegül Şahin & Rachel Schuh & Giorgio Topa, 2017. "How Do People Find Jobs?," Liberty Street Economics 20170405, Federal Reserve Bank of New York.
• Isiaq O. Oseni & Ibrahim A. Adekunle, 2020. "Relevance of Wagner’s Hypothesis in Achieving Sustainable Development Agenda in Nigeria," Working Papers 20/006, European Xtramile Centre of African Studies (EXCAS).
• Timothy J. Besley & Isabelle A. Roland & John Van Reenen, 2020. "The Aggregate Consequences of Default Risk: Evidence from Firm-level Data," NBER Working Papers 26686, National Bureau of Economic Research, Inc.
• Christina Patterson & Ayşegül Şahin & Giorgio Topa, 2014. "Why Is the Job-Finding Rate Still Low?," Liberty Street Economics 20140219, Federal Reserve Bank of New York.
• Isiaq O. Oseni & Ibrahim A. Adekunle, 2020. "Relevance of Wagner’s Hypothesis in Achieving Sustainable Development Agenda in Nigeria," Working Papers of the African Governance and Development Institute. 20/006, African Governance and Development Institute..
• Robert C. Dent & Samuel Kapon & Fatih Karahan & Benjamin Pugsley & Ayşegül Şahin, 2014. "How Attached to the Labor Market Are the Long-Term Unemployed?," Liberty Street Economics 20141118, Federal Reserve Bank of New York.
• Robert C. Dent & Samuel Kapon & Fatih Karahan & Benjamin Pugsley & Ayşegül Şahin, 2014. "Measuring Labor Market Slack: Are the Long-Term Unemployed Different?," Liberty Street Economics 20141117, Federal Reserve Bank of New York.
• Bonni Brodsky & Marco Del Negro & Joseph Fiorica & Eric LeSueur & Ari Morse & Anthony P. Rodrigues, 2016. "How Do Survey- and Market-Based Expectations of the Policy Rate Differ?," Liberty Street Economics 20160407, Federal Reserve Bank of New York.
• Mahmut Gunay, 2020. "Nowcasting Turkish GDP with MIDAS: Role of Functional Form of the Lag Polynomial," Working Papers 2002, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Bonni Brodsky & Marco Del Negro & Joseph Fiorica & Eric LeSueur & Ari Morse & Anthony P. Rodrigues, 2016. "Reconciling Survey- and Market-Based Expectations for the Policy Rate," Liberty Street Economics 20160408, Federal Reserve Bank of New York.
• Beck, Thorsten & Buiter, Willem & Dominguez, Kathryn & Gros, Daniel & Gross, Christian & Kalemli-Ozcan, Sebnem & Peltonen, Tuomas & Sánchez Serrano, Antonio & Portes, Richard, 2020. "The global dimensions of macroprudential policy," Report of the Advisory Scientific Committee 10, European Systemic Risk Board.
• Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza, 2020. "Greece: In Search of Investors," Economics Strategic Analysis Archive gsa_1_20, Levy Economics Institute.
• Aronsson, Thomas & Ghosh, Sugata & Wendner, Ronald, 2020. "Positional Preferences and Efficiency in a Dynamic Economy," MPRA Paper 98425, University Library of Munich, Germany.
• Gizem Koşar & Kyle Smith & Wilbert Van der Klaauw, 2019. "Introducing the SCE Public Policy Survey," Liberty Street Economics 20191017, Federal Reserve Bank of New York.
• Luis Armona & Samuel Kapon & Laura Pilossoph & Ayşegül Şahin & Giorgio Topa, 2015. "Searching for Higher Wages," Liberty Street Economics 20150902, Federal Reserve Bank of New York.
• Christian Pinshi, 2020. "Rethinking error correction model in macroeconometric analysis : A relevant review," Working Papers hal-02454971, HAL.
• Pawel Krolikowski & Kurt Graden Lunsford, 2020. "Advance Layoff Notices and Aggregate Job Loss," Working Papers 20-03R, Federal Reserve Bank of Cleveland, revised 02 Feb 2022.
• Florian Exler & Michéle Tertilt, 2020. "Consumer Debt and default: A Macro Perspective," CRC TR 224 Discussion Paper Series crctr224_2020_153, University of Bonn and University of Mannheim, Germany.
• Gagnon, Nickolas & Bosmans, Kristof & Riedl, Arno, 2020. "The Effect of Unfair Chances and Gender Discrimination on Labor Supply," IZA Discussion Papers 12912, Institute of Labor Economics (IZA).
• Ryan Niladri Banerjee & Boris Hofmann & Aaron Mehrotra, 2020. "Corporate investment and the exchange rate: The financial channel," BIS Working Papers 839, Bank for International Settlements.
• Jorge Miranda-Pino & Daniel Murphy & Kieran Walsh & Eric Young, 2020. "A Model of Expenditure Shocks," Working Papers 20-04, Federal Reserve Bank of Cleveland.