Report NEP-MAC-2020-10-05

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.

Subscribe to this report: email, RSS, or Mastodon.

Other reports in NEP-MAC

The following items were announced in this report:

• Kim Huynh & Helen Lao & Patrick Sabourin & Angelika Welte, 2020. "What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?," Staff Analytical Notes 2020-20, Bank of Canada.
• Bernardo Candia & Olivier Coibion & Yuriy Gorodnichenko, 2020. "Communication and the Beliefs of Economic Agents," NBER Working Papers 27800, National Bureau of Economic Research, Inc.
• David Reifschneider & David Wilcox, 2020. "A program for strengthening the Federal Reserve's ability to fight the next recession," Working Paper Series WP20-5, Peterson Institute for International Economics.
• William Chen & Marco Del Negro & Michele Lenza & Giorgio E. Primiceri & Andrea Tambalotti, 2020. "What’s Up with the Phillips Curve?," Liberty Street Economics 20200918a, Federal Reserve Bank of New York.
• De Koning, Kees, 2020. "A different economic growth strategy for the U.S," MPRA Paper 102949, University Library of Munich, Germany.
• Sebastian Graves, 2020. "Does Unemployment Risk Affect Business Cycle Dynamics?," International Finance Discussion Papers 1298, Board of Governors of the Federal Reserve System (U.S.).
• Pablo Hernández de Cos, 2020. "Los principales retos de la economía española tras el Covid-19. Comparecencia en la Comisión para la Reconstrucción Social y Económica de España tras el Covid-19. Congreso de los Diputados, el 23 de j," Occasional Papers 2024, Banco de España.
• Refet S. Gürkaynak & A. Hakan Kara & Burçin Kısacıkoğlu & Sang Seok Lee, 2020. "Monetary Policy Surprises and Exchange Rate Behavior," NBER Working Papers 27819, National Bureau of Economic Research, Inc.
• Andreas Neuhierl & Michael Weber, 2020. "Monetary Momentum," Working Papers 2020-39, Becker Friedman Institute for Research In Economics.
• Parui, Pintu, 2020. "Fiscal Expansion, Government Debt and Economic Growth: A Post-Keynesian Perspective," MPRA Paper 102740, University Library of Munich, Germany.
• Bertheau, Antoine & Bunzel, Henning & Vejlin, Rune Majlund, 2020. "Employment Reallocation over the Business Cycle: Evidence from Danish Data," IZA Discussion Papers 13681, Institute of Labor Economics (IZA).
• Pablo Hernández de Cos, 2020. "La economía española ante la crisis del Covid-19. Comparecencia ante la Comisión de Asuntos Económicos y Transformación Digital del Congreso de los Diputados, 18 de mayo de 2020," Occasional Papers 2023, Banco de España.
• Olivier Coibion & Yuriy Gorodnichenko & Edward S. Knotek II & Raphael Schoenle, 2020. "Average Inflation Targeting and Household Expectations," NBER Working Papers 27836, National Bureau of Economic Research, Inc.
• Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020. "On the Importance of Household versus Firm Credit Frictions in the Great Recession," Working Papers 20-28, Federal Reserve Bank of Cleveland.
• Matsue, Toyoki, 2020. "The impact of short-term employment contracts on employment volatility and economic fluctuations," MPRA Paper 102731, University Library of Munich, Germany.
• Congressional Budget Office, 2020. "The 2020 Long-Term Budget Outlook," Reports 56516, Congressional Budget Office.
• Roth, Felix & Jonung, Lars, 2020. "After 25 Years as Faithful Members of the EU. Public Support for the Euro and Trust in the ECB in Austria, Finland and Sweden," Working Papers 2020:19, Lund University, Department of Economics.
• Sophio Togonidze & Evzen Kocenda, 2020. "Macroeconomic Responses of Emerging Market Economies to Oil Price Shocks: Analysis by Region and Resource Profile," Working Papers IES 2020/35, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2020.
• Uchida, Yuki & Ono, Tetsuo, 2020. "Generational Distribution of Fiscal Burdens: A Positive Analysis," MPRA Paper 102826, University Library of Munich, Germany.
• Haefke, Christian & Reiter, Michael, 2020. "Long Live the Vacancy," IZA Discussion Papers 13666, Institute of Labor Economics (IZA).
• Papadopoulos, Georgios, 2020. "Probing the mechanism: lending rate setting in a data-driven agent-based model," MPRA Paper 102749, University Library of Munich, Germany.
• Monoj Kumar Majumder & Mala Raghavan & Joaquin Vespignani, 2020. "Commodity price volatility, fiscal balance and real interest rate," CAMA Working Papers 2020-79, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Olivier Coibion & Yuriy Gorodnichenko & Edward S. Knotek, 2020. "Average Inflation Targeting and Household Expectations," Working Papers 20-26R, Federal Reserve Bank of Cleveland, revised 20 Dec 2021.
• James Hebden & Edward P. Herbst & Jenny Tang & Giorgio Topa & Fabian Winkler, 2020. "How Robust Are Makeup Strategies to Key Alternative Assumptions?," Finance and Economics Discussion Series 2020-069, Board of Governors of the Federal Reserve System (U.S.).
• Eyster, Erik & Madarász, Kristóf & Michaillat, Pascal, 2020. "Pricing under fairness concerns," LSE Research Online Documents on Economics 106567, London School of Economics and Political Science, LSE Library.
• Andrea Boitani & Salvatore Perdichizzi & Chiara Punzo, 2020. "Nonlinearities and expenditure multipliers in the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza def089, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
• Kimberly A. Berg & Nelson C. Mark, 2020. "Uncertainty, Long-Run, and Monetary Policy Risks in a Two-Country Macro Model," NBER Working Papers 27844, National Bureau of Economic Research, Inc.
• Jesús Crespo Cuaresma & Christian Glocker, 2020. "Nontradable Goods and Fiscal Multipliers," CESifo Working Paper Series 8541, CESifo.
• Fedesarrollo, 2020. "Fedesarrollo : 50 anos de influencia en política pública," Libros Fedesarrollo 18383, Fedesarrollo.
• Efraim Benmelech & Nitish Kumar & Raghuram Rajan, 2020. "Secured Credit Spreads," Working Papers 2020-14, Becker Friedman Institute for Research In Economics.
• Charles M. Kahn & Francisco Rivadeneyra & Tsz-Nga Wong, 2020. "Eggs in One Basket: Security and Convenience of Digital Currencies," Working Papers 2020-032, Federal Reserve Bank of St. Louis.
• Fernando Broner & Alberto Martin & Jaume Ventura, 2020. "On Public Spending and Economic Unions," NBER Working Papers 27831, National Bureau of Economic Research, Inc.
• Gerke, Rafael & Giesen, Sebastian & Kienzler, Daniel, 2020. "Interest rate pegs and the reversal puzzle: On the role of anticipation," Discussion Papers 50/2020, Deutsche Bundesbank.
• Jan Philipp Fritsche & Mathias Klein & Malte Rieth, 2020. "Government Spending Multipliers in (Un)certain Times," Discussion Papers of DIW Berlin 1901, DIW Berlin, German Institute for Economic Research.
• Roman Horvath & Ali Elminejad & Tomas Havranek, 2020. "Publication and Identification Biases in Measuring the Intertemporal Substitution of Labor Supply," Working Papers IES 2020/32, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2020.
• Ivo Bakota, 2020. "Capital Income Taxation with Portfolio Choice," CERGE-EI Working Papers wp668, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Veronica Guerrieri & Guido Lorenzoni & Ludwig Straub & Iván Werning, 2020. "Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?," Working Papers 2020-35, Becker Friedman Institute for Research In Economics.
• Dirk Kruger & Harald Uhlig & Taojun Xie, 2020. "Macroeconomic Dynamics and Reallocation in an Epidemic," Working Papers 2020-43, Becker Friedman Institute for Research In Economics.
• Xuan Wang, 2020. "A Macro-Financial Perspective to Analyse Maturity Mismatch and Default," Tinbergen Institute Discussion Papers 20-064/IV, Tinbergen Institute.
• Giovanni Pellegrino & Efrem Castelnuovo & Giovanni Caggiano, 2020. "Uncertainty and monetary policy during extreme events," CAMA Working Papers 2020-80, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Samir Kadiric, 2020. "The determinants of sovereign risk premiums in the UK and the European government bond market: The impact of Brexit," EIIW Discussion paper disbei271, Universitätsbibliothek Wuppertal, University Library.
• Alfred V. Guender & Hamish McHugh-Smith, 2020. "Financial Openness and Inflation: An Empirical Analysis," Working Papers in Economics 20/18, University of Canterbury, Department of Economics and Finance.
• Falconio, Andrea & Manganelli, Simone, 2020. "Financial conditions, business cycle fluctuations and growth at risk," Working Paper Series 2470, European Central Bank.
• Ryan Chahrour & Kyle Jurado, 2020. "Optimal Foresight," Boston College Working Papers in Economics 1017, Boston College Department of Economics.
• José Antonio Ocampo, 2020. "Los ciclos internacionales y su impacto sobre la economía colombiana," Libros Fedesarrollo 18377, Fedesarrollo.
• Tino Berger & James Morley & Benjamin Wong, 2020. "Nowcasting the output gap," CAMA Working Papers 2020-78, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ivo Bakota, 2020. "Firm Leverage and Wealth Inequality," CERGE-EI Working Papers wp667, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Eric Rosengren, 2020. "The Economy’s Outlook, Challenges, and Way Forward," Speech 88777, Federal Reserve Bank of Boston.
• Simon Gilchrist & Bin Wei & Vivian Z. Yue & Egon Zakrajšek, 2020. "The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF," NBER Working Papers 27809, National Bureau of Economic Research, Inc.
• Lochner, Benjamin & Merkl, Christian & Stüber, Heiko & Gürtzgen, Nicole, 2020. "Recruiting Intensity and Hiring Practices: Cross-Sectional and Time-Series Evidence," IZA Discussion Papers 13678, Institute of Labor Economics (IZA).
• Scott R. Baker & R.A. Farrokhnia, 2020. "Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments," Working Papers 2020-55, Becker Friedman Institute for Research In Economics.
• Anna Kovner & Antoine Martin, 2020. "Market Failures and Official Sector Interventions," Liberty Street Economics 20200923, Federal Reserve Bank of New York.
• Laine, Olli-Matti, 2020. "Monetary policy and stock market valuation," Research Discussion Papers 16/2020, Bank of Finland.
• Anna Kovner & Antoine Martin, 2020. "Expanding the Toolkit: Facilities Established to Respond to the COVID-19 Pandemic," Liberty Street Economics 20200922, Federal Reserve Bank of New York.
• Qi Chen & Itay Goldstein & Zeqiong Huang & Rahul Vashishtha, 2020. "Liquidity Transformation and Fragility in the US Banking Sector," NBER Working Papers 27815, National Bureau of Economic Research, Inc.
• James B. Bullard, 2020. "Bullard Discusses Monetary Policy and Inflation Outlook with Bloomberg," Speech 88761, Federal Reserve Bank of St. Louis.
• Maryam Farboodi & Gregor Jarosch & Robert Shimer, 2020. "Internal and External Effects of Social Distancing in a Pandemic," Working Papers 2020-47, Becker Friedman Institute for Research In Economics.
• Oriol Aspachs & Ruben Durante & Alberto Graziano & Josep Mestres & José García-Montalvo & Marta Reynal-Querol, 2020. "Real-Time Inequality and the Welfare State in Motion: Evidence from COVID-19 in Spain," Working Papers 1202, Barcelona School of Economics.
• Eduardo Lora, 2020. "Trayectoria e influencia de los Modelos de Equilibrio General de Fedesarrollo," Libros Fedesarrollo 18375, Fedesarrollo.
• Congressional Budget Office, 2020. "The Effects of Pandemic-Related Legislation on Output," Reports 56537, Congressional Budget Office.
• Tsutomu Watanabe, 2020. "The Welfare Implications of Massive Money Injection: The Japanese Experience from 2013 to 2020," CARF F-Series CARF-F-493, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
• Richard Blundell & Ran Gu & Soren Leth-Petersen & Hamish Low & Costas Meghir, 2019. "Durables and Lemons: Private Information and the Market for Cars," Cowles Foundation Discussion Papers 2197R, Cowles Foundation for Research in Economics, Yale University.
• Campagne,Benoit Philippe Marcel & Kitzmuller,Markus & Tordo,Silvana, 2020. "Designing Oil Revenue Management Mechanisms : An Application to Chad," Policy Research Working Paper Series 9402, The World Bank.
• Max Deter, 2020. "Hartz and Minds: Happiness Effects of Reforming an Employment Agency," SOEPpapers on Multidisciplinary Panel Data Research 1106, DIW Berlin, The German Socio-Economic Panel (SOEP).
• David O. Argente & Chang-Tai Hsieh & Munseob Lee, 2020. "Measuring the Cost of Living in Mexico and the US," NBER Working Papers 27806, National Bureau of Economic Research, Inc.
• Uhl, Matthias, 2020. "Coin migration between Germany and other euro area countries," Discussion Papers 49/2020, Deutsche Bundesbank.
• Kaan Celebi, 2020. "Quo Vadis, Britain? - Implications of the Brexit Process on the UK's Real Economy," EIIW Discussion paper disbei268, Universitätsbibliothek Wuppertal, University Library.
• Ryan A. Decker & Meagan McCollum & Gregory B. Upton, Jr., 2020. "Boom Town Business Dynamics," Finance and Economics Discussion Series 2020-081, Board of Governors of the Federal Reserve System (U.S.).
• Gomis-Porqueras, Pedro & Shi, Shuping & Tan, David, 2020. "Gold as a Financial Instrument," MPRA Paper 102782, University Library of Munich, Germany.
• Sanga,Dimitri & Gui-Diby,Steve Loris, 2020. "Inflation Threshold Levels and Economic Growth in the Franc Zone Countries," Policy Research Working Paper Series 9405, The World Bank.
• Andrea Carriero & Todd E. Clark & Massimiliano Marcellino, 2020. "No-Arbitrage Priors, Drifting Volatilities, and the Term Structure of Interest Rates," Working Papers 20-27, Federal Reserve Bank of Cleveland.
• Budnik, Katarzyna & Balatti, Mirco & Dimitrov, Ivan & Groß, Johannes & Kleemann, Michael & Reichenbachas, Tomas & Sanna, Francesco & Sarychev, Andrei & Siņenko, Nadežda & Volk, Matjaz, 2020. "Banking euro area stress test model," Working Paper Series 2469, European Central Bank.
• Galego Mendes,Arthur & Pennings,Steven Michael, 2020. "One Rule Fits All ? Heterogeneous Fiscal Rules for Commodity Exporters When Price Shocks Can BePersistent: Theory and Evidence," Policy Research Working Paper Series 9400, The World Bank.
• Roberto Steiner, 2020. "Fedesarrollo y la política monetaria," Libros Fedesarrollo 18372, Fedesarrollo.
• Yuriy Gorodnichenko & Oleksandr Talavera & Nam Vu, 2020. "Quality of Goods and Price Setting for CPUs," Discussion Papers 20-23, Department of Economics, University of Birmingham.
• Cosmin L. Ilut & Rosen Valchev, 2020. "Economic Agents as Imperfect Problem Solvers," NBER Working Papers 27820, National Bureau of Economic Research, Inc.
• James B. Bullard, 2020. "Bullard Talks about Average Inflation Targeting and Economic Growth with CNBC," Speech 88759, Federal Reserve Bank of St. Louis.
• Pierrick Clerc & Michel De Vroey, 2020. "Brunner Versus Friedman: Diverging Aspirations For The Monetarist Project," LIDAM Discussion Papers IRES 2020027, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Colin Weiss, 2020. "Intermediary Asset Pricing during the National Banking Era," International Finance Discussion Papers 1302, Board of Governors of the Federal Reserve System (U.S.).
• Ivo Bakota, 2020. "Avoiding Root-Finding in the Krusell-Smith Algorithm Simulation," CERGE-EI Working Papers wp669, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Paul J.J. Welfens, 2020. "Macroeconomic Aspects of the Coronavirus Epidemic: Eurozone, EU, US and Chinese Perspectives," EIIW Discussion paper disbei270, Universitätsbibliothek Wuppertal, University Library.
• Anand Chopra & Michael B. Devereux & Amartya Lahiri, 2020. "Pandemics Through the Lens of Occupations," NBER Working Papers 27841, National Bureau of Economic Research, Inc.
• Ricardo Branco & João Pinto & Ricardo Ribeiro, 2020. "The Pricing of Bank Bonds, Sovereign Credit Risk and ECB's Asset Purchase Programmes," Working Papers de Economia (Economics Working Papers) 01, Católica Porto Business School, Universidade Católica Portuguesa.
• Max Gillman, 2020. "Income Tax Evasion: Tax Elasticity, Welfare, and Revenue," CERS-IE WORKING PAPERS 2038, Institute of Economics, Centre for Economic and Regional Studies.
• Michel De Vroey, 2020. "Should the History of Macroeconomics Steer Cear of the Fray or be Partisan? A Critical Essay on Banks and Finance in Modern Macroeconomics by B. Ingrao and C. Sardoni," LIDAM Discussion Papers IRES 2020028, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Gerlagh, Reyer & Hejimans, Roweno J. R. K. & Rosendahl, Knut Einar, 2020. "Endogenous Emission Caps Always Produce a Green Paradox," Working Paper Series 4-2020, Norwegian University of Life Sciences, School of Economics and Business.
• Jeremy B. Rudd, 2020. "Underlying Inflation: Its Measurement and Significance," FEDS Notes 2020-09-18-1, Board of Governors of the Federal Reserve System (U.S.).
• Rajashri Chakrabarti & Sebastian Heise & Davide Melcangi & Maxim L. Pinkovskiy & Giorgio Topa, 2020. "How Did State Reopenings Affect Small Businesses?," Liberty Street Economics 20200921, Federal Reserve Bank of New York.
• Feyen,Erik H.B. & Zuccardi Huertas,Igor Esteban, 2020. "Bank Lending Rates and Spreads in EMDEs : Evolution, Drivers, and Policies," Policy Research Working Paper Series 9392, The World Bank.
• Niels J. Gormsen & Ralph S.J. Koijen, 2020. "The Corona Virus, the Stock Market’s Response, and Growth Expectations," Working Papers 2020-21, Becker Friedman Institute for Research In Economics.
• Paul J.J. Welfens, 2019. "BREXIT-Wirtschaftsperspektiven für Deutschland und NRW: Mittel- und langfristige Effekte & Politikoptionen," EIIW Discussion paper disbei260, Universitätsbibliothek Wuppertal, University Library.
• Rajashri Chakrabarti & Sebastian Heise & Davide Melcangi & Maxim L. Pinkovskiy & Giorgio Topa, 2020. "Did State Reopenings Increase Consumer Spending?," Liberty Street Economics 20200918b, Federal Reserve Bank of New York.
• Carlos Caballero, 2020. "Fedesarrollo y la economía del narcotráfico," Libros Fedesarrollo 18378, Fedesarrollo.
• Luis Fernando Mejía, 2020. "La influencia de Fedesarrollo : perspectivas y retos," Libros Fedesarrollo 18370, Fedesarrollo.
• Markus Eller & Niko Hauzenberger & Florian Huber & Helene Schuberth & Lukas Vashold, 2020. "Capital Flows and the Stabilizing Role of Macroprudential Policies in CESEE," Papers 2009.06391, arXiv.org.
• Hlouskova, Jaroslava & Tsigaris, Panagiotis, 2020. "A behavioral economic approach to multiple job holdings with leisure," IHS Working Paper Series 23, Institute for Advanced Studies.
• Ximena Cadena, 2020. "Celebrando 50 anos de Fedesarrollo," Libros Fedesarrollo 18382, Fedesarrollo.
• Lucía Arango-Lozano & Lukas Menkhoff & Daniela Rodríguez-Novoa & Mauricio Villamizar-Villegas, 2020. "The Effectiveness of FX Interventions: A Meta-Analysis," Borradores de Economia 1132, Banco de la Republica de Colombia.
• Bańbura, Marta & Bobeica, Elena, 2020. "Does the Phillips curve help to forecast euro area inflation?," Working Paper Series 2471, European Central Bank.
• Biswajit Nag & Willem van der Geest, 2020. "Economic Impact Analysis of Covid-19 Implication on India’s GDP, Employment and Inequality," Working Papers 2041, Indian Institute of Foreign Trade.