Report NEP-MAC-2020-10-19

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:

• Ian Dew-Becker & Stefano Giglio, 2020. "Cross-Sectional Uncertainty and the Business Cycle: Evidence from 40 Years of Options Data," NBER Working Papers 27864, National Bureau of Economic Research, Inc.
• Cantore, C. & Freund, L. B., 2020. "Workers, Capitalists, and the Government: Fiscal Policy and Income (Re)Distribution," Cambridge Working Papers in Economics 2095, Faculty of Economics, University of Cambridge.
• Schupp, Fabian, 2020. "The (ir)relevance of the nominal lower bound for real yield curve analysis," Working Paper Series 2476, European Central Bank.
• Valerio Ercolani & Filippo Natoli, 2020. "Forecasting US recessions: the role of economic uncertainty," Temi di discussione (Economic working papers) 1299, Bank of Italy, Economic Research and International Relations Area.
• ALJARHI, Mabid, 2018. "The Islamic macroeconomic model: How to Apply it," MPRA Paper 103397, University Library of Munich, Germany, revised 01 Oct 2020.
• Gürkaynak, Refet S. & Kara, Ali Hakan & Kısacıkoğlu, Burçin & Lee, Sang Seok, 2020. "Monetary policy surprises and exchange rate behavior," CFS Working Paper Series 642, Center for Financial Studies (CFS).
• Carolin Pflueger & Gianluca Rinaldi, 2020. "Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion," NBER Working Papers 27856, National Bureau of Economic Research, Inc.
• Kang, Wensheng & Ratti, Ronald A. & Vespignani, Joaquin L., 2020. "Revising the Impact of Financial and Non-Financial Global Stock Market Volatility Shocks," MPRA Paper 103019, University Library of Munich, Germany.
• Hein, Eckhard, 2020. "Financialisation and stagnation: A macroeconomic regime perspective," IPE Working Papers 149/2020, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Gauti B. Eggertsson & Sergey K. Egiev & Alessandro Lin & Josef Platzer & Luca Riva, 2020. "A Toolkit for Solving Models with a Lower Bound on Interest Rates of Stochastic Duration," NBER Working Papers 27878, National Bureau of Economic Research, Inc.
• André Marine Charlotte & Dai Meixing, 2020. "The limits to robust monetary policy in a small open economy with learning agents," Working Papers 2020-12, Banco de México.
• Dixit, Shiv & Subramanian, Krishnamurthy, 2020. "Bank Coordination and Monetary Transmission: Evidence from India," MPRA Paper 103169, University Library of Munich, Germany.
• Federico Bassi, 2020. "Chronic Excess Capacity and Unemployment Hysteresis in EU Countries. A Structural Approach," DISCE - Working Papers del Dipartimento di Economia e Finanza def091, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
• Takeshi Shinohara & Tatsushi Okuda & Jouchi Nakajima, 2020. "Characteristics of Uncertainty Indices in the Macroeconomy," Bank of Japan Working Paper Series 20-E-6, Bank of Japan.
• Donato Masciandaro & Paola Profeta & Davide Romelli, 2020. "Do Women Matter in Monetary Policy Boards?," BAFFI CAREFIN Working Papers 20148, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Marente Vlekke & Martin Mellens, 2020. "An assessment of the Phillips curve over time: evidence for the United States and the euro area," CPB Discussion Paper 416.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
• Brian Fabo & Martina Jančoková & Elisabeth Kempf & Ľuboš Pástor, 2020. "Fifty Shades of QE: Comparing Findings of Central Bankers and Academics," NBER Working Papers 27849, National Bureau of Economic Research, Inc.
• Henkel, Lukas, 2020. "Sectoral output effects of monetary policy: do sticky prices matter?," Working Paper Series 2473, European Central Bank.
• Pierre-Richard Agénor & Timothy Jackson & Luiz Awazu Pereira da Silva, 2020. "Foreign exchange intervention and financial stability," BIS Working Papers 889, Bank for International Settlements.
• Erica X.N. Li & Tao Zha & Ji Zhang & Hao Zhou, 2020. "Does Fiscal Policy Matter for Stock-Bond Return Correlation?," NBER Working Papers 27861, National Bureau of Economic Research, Inc.
• Enrique Esteban García-Escudero & Elisa J. Sánchez Pérez, 2020. "Los swaps de divisas entre bancos centrales," Occasional Papers 2025, Banco de España.
• Sergii Kiiashko, 2019. "Optimal Time Consistent Government Debt Maturity, Fiscal Policy, and Default," Working Papers 04/2019, National Bank of Ukraine.
• Kyle Handley & J. Frank Li, 2020. "Measuring the Effects of Firm Uncertainty on Economic Activity: New Evidence from One Million Documents," NBER Working Papers 27896, National Bureau of Economic Research, Inc.
• Demary, Markus & Voigtländer, Michael, 2020. "The impact of Basel IV on real estate financing," IW policy papers 18/2020, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• Hirschbühl, Dominik & Krustev, Georgi & Stoevsky, Grigor, 2020. "Financial drivers of the euro area business cycle: a DSGE-based approach," Working Paper Series 2475, European Central Bank.
• Kazuhiro Hiraki & Wataru Hirata, 2020. "Market-based Long-term Inflation Expectations in Japan: A Refinement on Breakeven Inflation Rates," Bank of Japan Working Paper Series 20-E-5, Bank of Japan.
• Elien Meuleman & Rudi Vander Vennet, 2020. "Macroprudential policy, monetary policy and Eurozone bank risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 20/1004, Ghent University, Faculty of Economics and Business Administration.
• Foltas, Alexander & Pierdzioch, Christian, 2020. "On the efficiency of German growth forecasts: An empirical analysis using quantile random forests," Working Papers 21, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
• Robert E. Hall & Marianna Kudlyak, 2020. "The Unemployed With Jobs and Without Jobs," NBER Working Papers 27886, National Bureau of Economic Research, Inc.
• Albertazzi, Ugo & Burlon, Lorenzo & Pavanini, Nicola & Jankauskas, Tomas, 2020. "The (unobservable) value of central bank’s refinancing operations," Working Paper Series 2480, European Central Bank.
• Michael Kumhof & Phurichai Rungcharoenkitkul & Andrej Sokol, 2020. "How does international capital flow?," BIS Working Papers 890, Bank for International Settlements.
• Christopher D. Carroll & Edmund Crawley & Jiri Slacalek & Matthew N. White, 2020. "Modeling the Consumption Response to the CARES Act," NBER Working Papers 27876, National Bureau of Economic Research, Inc.
• Davide Debortoli & Mario Forni & Luca Gambetti & Luca Sala, 2020. "Asymmetric Effects of Monetary Policy Easing and Tightening," Working Papers 1205, Barcelona School of Economics.
• Luca Metelli & Kevin Pallara, 2020. "Fiscal space and the size of the fiscal multiplier," Temi di discussione (Economic working papers) 1293, Bank of Italy, Economic Research and International Relations Area.
• Dall’Orto Mas, Rodolfo & Vonessen, Benjamin & Fehlker, Christian & Arnold, Katrin, 2020. "The case for central bank independence: a review of key issues in the international debate," Occasional Paper Series 248, European Central Bank.
• Kang, Wensheng & Ratti, Ronald A. & Vespignani, Joaquin L., 2019. "Revising the Impact of Global Commodity Prices and Global Stock Market Volatility Shocks: Effects across Countries," MPRA Paper 103035, University Library of Munich, Germany.
• Cóndor Richard, 2020. "Shared-Appreciation Mortgages and Uninsurable Idiosyncratic Shocks," Working Papers 2020-11, Banco de México.
• Kang, Wensheng & Ratti, Ronald A. & Vespignani, Joaquin, 2020. "Revising the impact of global commodity prices and global stock market volatility shocks: effects across countries," Working Papers 2020-10, University of Tasmania, Tasmanian School of Business and Economics.
• Claudia Pacella, 2020. "Essays on Forecasting," ULB Institutional Repository 2013/307579, ULB -- Universite Libre de Bruxelles.
• Christopher S. Sutherland, 2020. "Forward Guidance and Expectation Formation: A Narrative Approach," Staff Working Papers 20-40, Bank of Canada.
• Tarek Alexander Hassan & Tony Zhang, 2020. "The Economics of Currency Risk," NBER Working Papers 27847, National Bureau of Economic Research, Inc.
• Steven J. Davis & Stephen Hansen & Cristhian Seminario-Amez, 2020. "Firm-Level Risk Exposures and Stock Returns in the Wake of COVID-19," NBER Working Papers 27867, National Bureau of Economic Research, Inc.
• Lorenzo Codogno & Paul van den Noord, 2019. "The rationale for a safe asset and fiscal capacity for the Eurozone," LEQS – LSE 'Europe in Question' Discussion Paper Series 144, European Institute, LSE.
• Alberto Caruso, 2020. "Essays on Empirical Macroeconomics," ULB Institutional Repository 2013/308164, ULB -- Universite Libre de Bruxelles.
• William Ginn & Marc Pourroy, 2022. "The Contribution of Food Subsidy Policy to Monetary Policy in India," Working Papers hal-02944209, HAL.
• Goenka, Aditya & Liu, Lin & Nguyen, Manh-Hung, 2020. "SIR Economic Epidemiological Models with Disease Induced Mortality," TSE Working Papers 20-1150, Toulouse School of Economics (TSE).
• Aditya Goenka & Lin Liu & Nguyen, Manh-Hung, 2020. "Modeling optimal quarantines under infectious disease related mortality," Discussion Papers 20-24, Department of Economics, University of Birmingham.
• Farid, Moatazbellah, 2020. "The Effect of Brexit on UK Productivity: Synthetic Control Analysis," MPRA Paper 103165, University Library of Munich, Germany.
• Diop, Samba & Asongu, Simplice, 2020. "An Index of African Monetary Integration (IAMI)," MPRA Paper 103137, University Library of Munich, Germany.
• Aditya Goenka & Lin Liu & Nguyen, Manh-Hung, 2020. "SIR Economic Epidemiological Models with Disease Induced Mortality," Discussion Papers 20-25, Department of Economics, University of Birmingham.
• Michael D. Bordo, 2020. "Monetary Policy Cooperation/Coordination and Global Financial Crises in Historical Perspective," NBER Working Papers 27898, National Bureau of Economic Research, Inc.
• Bruno Ducoudre & Paul Hubert & Guilhem Tabarly, 2020. "The state-dependence of output revisions," SciencePo Working papers Main hal-03403073, HAL.
• Muayad Ismail, 2020. "Evaluating the Macroeconomic Impact of IMF Programs in Sudan," Economics Discussion Papers em-dp2020-21, Department of Economics, University of Reading.
• Funke, Michael & Loermann, Julius & Tsang, Andrew, 2020. "Volatility transmission and volatility impulse response functions in the main and the satellite Renminbi exchange rate markets," BOFIT Discussion Papers 22/2020, Bank of Finland, Institute for Economies in Transition.
• jallow, ousman & Joof, Foday, 2020. "Investigating the Asymmetric Effect of Sukuk Returns on Economic Growth - Evidence from Indonesia, a NARDL Perspective," MPRA Paper 102939, University Library of Munich, Germany.
• Ewelina Osowska & Piotr Wójcik, 2020. "The impact of the content of Federal Open Market Committee post-meeting statements on financial markets – text mining approach," Working Papers 2020-33, Faculty of Economic Sciences, University of Warsaw.
• -, 2020. "U.S. Economic Outlook: First Half 2020," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 46077, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
• Nauro Campos & Corrado Macchiarelli, 2020. "Brexit and the Euro," LEQS – LSE 'Europe in Question' Discussion Paper Series 154, European Institute, LSE.
• Pierre-Olivier Gourinchas & Ṣebnem Kalemli-Özcan & Veronika Penciakova & Nick Sander, 2020. "SME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis," NBER Working Papers 27877, National Bureau of Economic Research, Inc.
• Hinterlang, Natascha & Hollmayr, Josef, 2020. "Classification of monetary and fiscal dominance regimes using machine learning techniques," Discussion Papers 51/2020, Deutsche Bundesbank.
• Cheng, Terence Chai & Kim, Seonghoon & Koh, Kanghyock, 2020. "The Impact of COVID-19 on Subjective Well-Being: Evidence from Singapore," IZA Discussion Papers 13702, Institute of Labor Economics (IZA).
• Nissilä, Wilma, 2020. "Probit based time series models in recession forecasting – A survey with an empirical illustration for Finland," BoF Economics Review 7/2020, Bank of Finland.
• Roger Guesnerie, 2020. "Understanding expectational coordination as a major intellectual challenge : the “eductive” guide line," Working Papers halshs-02951022, HAL.
• Roger Guesnerie, 2020. "Understanding expectational coordination as a major intellectual challenge : the “eductive” guide line," PSE Working Papers halshs-02951022, HAL.
• Grégory Claeys & Chara Papioti & Andreas Tryphonides, 2020. "Liquidity Risk, Market Power and the Informational Effects of Policy," Working Papers 1206, Barcelona School of Economics.
• Benavides Guillermo, 2020. "Asymmetric Volatility Effects in Risk Management: An Empirical Analysis using a Stock Index Futures," Working Papers 2020-10, Banco de México.
• Charles Yuji Horioka, 2020. "Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey," NBER Working Papers 27869, National Bureau of Economic Research, Inc.
• Charles M. Kahn & Francisco Rivadeneyra, 2020. "Security and convenience of a central bank digital currency," Staff Analytical Notes 2020-21, Bank of Canada.
• Deven Bathia & Riza Demirer & Rangan Gupta & Kevin Kotze, 2020. "Unemployment fluctuations and currency returns in the United Kingdom: Evidence from over one and a half century of data," School of Economics Macroeconomic Discussion Paper Series 2020-01, School of Economics, University of Cape Town.
• Mototsugu Shintani & Naoto Soma, 2020. "The Effects of QQE on Long-run Inflation Expectations in Japan," CARF F-Series CARF-F-494, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
• Tarciso Gouveia da Silva & Osmani Teixeira de Carvalho Guillén & George Augusto Noronha Morcerf & Andre de Melo Modenesi, 2020. "Effects of Monetary Policy News on Financial Assets: evidence from Brazil on a bivariate VAR-GARCH model (2006-17)," Working Papers Series 536, Central Bank of Brazil, Research Department.
• Alexander Chudik & Kamiar Mohaddes & M. Hashem Pesaran & Mehdi Raissi & Alessandro Rebucci, 2020. "A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model," NBER Working Papers 27855, National Bureau of Economic Research, Inc.
• Daniele Bianchi & Mykola Babiak, 2020. "On the Performance of Cryptocurrency Funds," CERGE-EI Working Papers wp672, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Tim Bulman, 2020. "Rejuvenating Greece’s labour market to generate more and higher-quality jobs," OECD Economics Department Working Papers 1622, OECD Publishing.
• Simon Chazel & Sophie Bernard & Hassan Benchekroun, 2020. "Energy Transition Under Mineral Constraints and Recycling," CIRANO Working Papers 2020s-51, CIRANO.
• Metiu, Norbert, 2020. "Anticipation effects of protectionist U.S. trade policies," Discussion Papers 52/2020, Deutsche Bundesbank.
• Dermot Hodson, 2019. "The New Intergovernmentalism and the Euro Crisis: A Painful Case?," LEQS – LSE 'Europe in Question' Discussion Paper Series 145, European Institute, LSE.
• Samba Diop & Simplice A. Asongu & Joseph Nnanna, 2020. "Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence," Working Papers of the African Governance and Development Institute. 20/070, African Governance and Development Institute..
• Shai Bernstein & Richard R. Townsend & Ting Xu, 2020. "Flight to Safety: How Economic Downturns Affect Talent Flows to Startups," NBER Working Papers 27907, National Bureau of Economic Research, Inc.
• Asongu, Simplice & Acha-Anyi, Paul, 2020. "Enhancing ICT for Productivity in Sub-Saharan Africa: Thresholds for Complementary Policies," MPRA Paper 103140, University Library of Munich, Germany.
• Grym, Aleksi, 2020. "Lessons learned from the world's first CBDC," BoF Economics Review 8/2020, Bank of Finland.
• Patrick Baylis & Pierre-Loup Beauregard & Marie Connolly & Nicole Fortin & David A. Green & Pablo Gutierrez Cubillos & Sam Gyetvay & Catherine Haeck & Timea Laura Molnar & Gaëlle Simard-Duplain & Henr, 2020. "The Distribution of COVID-19 Related Risks," NBER Working Papers 27881, National Bureau of Economic Research, Inc.
• Santiago Caicedo & Miguel Espinosa & Arthur Seibold, 2020. "Unwilling to train? Firm responses to the Colombian apprenticeship regulation," Economics Working Papers 1743, Department of Economics and Business, Universitat Pompeu Fabra.
• Michael Callaghan & Thomas van Florenstein Mulder, 2020. "GDP Plus: An Economic Activity Indicator for New Zealand," Reserve Bank of New Zealand Analytical Notes series AN2020/01, Reserve Bank of New Zealand.
• Santiago Caicedo & Miguel Espinosa & Arthur Seibold, 2020. "Unwilling to Train? Firm Responses to the Colombian Apprenticeship Regulation," Working Papers 1204, Barcelona School of Economics.
• Kuikeu, Oscar, 2020. "Le Confinement à l’épreuve des faits: quel est donc l’intérêt économique attendu? [The factsheets of the lockdown: what is the real economic interest?]," MPRA Paper 103313, University Library of Munich, Germany.
• Breithaupt, Patrick & Kesler, Reinhold & Niebel, Thomas & Rammer, Christian, 2020. "Intangible capital indicators based on web scraping of social media," ZEW Discussion Papers 20-046, ZEW - Leibniz Centre for European Economic Research.
• Sangmin Aum & Sang Yoon (Tim) Lee & Yongseok Shin, 2020. "Who Should Work from Home during a Pandemic? The Wage-Infection Trade-off," NBER Working Papers 27908, National Bureau of Economic Research, Inc.
• Bagis, Bilal & Yumurtaci, Aynur, 2020. "Welfare Perceptions of the Youth: A Turkish Case Study," GLO Discussion Paper Series 671, Global Labor Organization (GLO).
• Juan C. Palomino & Juan G. Rodríguez & Raquel Sebastian, 2020. "Wage inequality and poverty effects of lockdown and social distancing in Europe," Documentos de Trabajo del ICAE 2020-03, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
• Asongu, Simplice & Nnanna, Joseph & Acha-Anyi, Paul, 2020. "On the Simultaneous Openness Hypothesis: FDI, Trade and TFP Dynamics in Sub-Saharan Africa," MPRA Paper 103135, University Library of Munich, Germany.