Report NEP-MAC-2021-04-19

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:

• Haykaz Igityan, 2021. "Asymmetric Effects of Monetary Policy on the Armenian Economy," Working Papers 18, Central Bank of the Republic of Armenia, revised Mar 2021.
• Haykaz Igityan & Hasmik Kartashyan, 2021. "Housing Market Drivers and Dynamics in Armenia," Working Papers 16, Central Bank of the Republic of Armenia.
• Haykaz Igityan, 2019. "Asymmetric Effects of Monetary Policy in Different Phases of Armenia's Business Cycle," Working Papers 11, Central Bank of the Republic of Armenia.
• Vahagn Davtyan & Haykaz Igityan, 2021. "Structural Reforms in DSGE Model," Working Papers 17, Central Bank of the Republic of Armenia.
• Haavio, Markus & Laine, Olli-Matti, 2021. "Monetary policy rules and the effective lower bound in the Euro area," Research Discussion Papers 5/2021, Bank of Finland.
• Nurdaulet Abilov, 2020. "A medium-scale Bayesian DSGE model for Kazakhstan with incomplete exchange rate pass-through," NAC Analytica Working Paper 7, NAC Analytica, Nazarbayev University, revised Apr 2021.
• D'Acunto, Francesco & Hoang, Daniel & Weber, Michael, 2021. "Managing households' expectations with unconventional policies," Working Paper Series in Economics 148, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
• Thorsten Drautzburg & Jesús Fernández-Villaverde & Pablo Guerron-Quintana, 2021. "Bargaining Shocks and Aggregate Fluctuations," CESifo Working Paper Series 8989, CESifo.
• D'Acunto, Francesco & Hoang, Daniel & Paloviita, Maritta & Weber, Michael, 2021. "Effective policy communication: Targets versus instruments," Working Paper Series in Economics 147, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
• Bauer, Michael D. & Swanson, Eric T., 2021. "The Fed's response to economic news explains the "Fed information effect"," IMFS Working Paper Series 155, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
• Mariam Camarero & Gilles Dufrénot & Cecilio Tamarit, 2021. "How do inequalities affect the natural interest rate, and how do they impact monetary policy? Comparing Germany, Japan and the US," AMSE Working Papers 2123, Aix-Marseille School of Economics, France.
• Soroosh Soofi-Siavash & Emanuel Moench, 2021. "What Moves Treasury Yields?," Bank of Lithuania Working Paper Series 88, Bank of Lithuania.
• Demary, Markus & Hüther, Michael, 2021. "Global inflation: Low for long or higher for longer?," IW-Reports 12/2021, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• William Gatt & Noel Rapa & Luca Brugnolini, 2020. "MEDSEA-FIN A DSGE model of the Maltese economy with housing and financial frictions," CBM Working Papers WP/04/2020, Central Bank of Malta.
• Donato Masciandaro & Davide Romelli & Gaia Rubera, 2021. "Monetary policy, Twitter and financial markets: evidence from social media traffic," BAFFI CAREFIN Working Papers 21160, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Stella Mnoyan, 2019. "Exchange Rate Pass-through in Armenia," Working Papers 13, Central Bank of the Republic of Armenia, revised Dec 2019.
• Frank Veneroso & Mark Pasquali, 2021. "The Souk Al-Manakh: The Anatomy of a Pure Price-Chasing Bubble," Economics Working Paper Archive wp_987, Levy Economics Institute.
• Susanto Basu & Giacomo Candian & Ryan Chahrour & Rosen Valchev, 2021. "Risky Business Cycles," Boston College Working Papers in Economics 1029, Boston College Department of Economics, revised 17 Sep 2024.
• Biljana Jovanovic & Marko Josimovski, 2021. "Income-specific inflation rates and the effects of monetary policy: the case of North Macedonia," Working Papers 2021-01, National Bank of the Republic of North Macedonia.
• Alexander Chudik & Kamiar Mohaddes & Mehdi Raissi, 2021. "COVID-19 Fiscal Support and Its Effectiveness," Globalization Institute Working Papers 408, Federal Reserve Bank of Dallas.
• Georg Leitner & Teresa Hübel & Anna Wolfmayr & Manuel Zerobin, 2021. "How risky is Monetary Policy? The Effect of Monetary Policy on Systemic Risk in the Euro Area," Department of Economics Working Papers wuwp312, Vienna University of Economics and Business, Department of Economics.
• Giovanni Pellegrino & Efrem Castelnuovo & Giovanni Caggiano, 2021. "Uncertainty and Monetary Policy during the Great Recession," CESifo Working Paper Series 8985, CESifo.
• Makram El-Shagi & Kiril Tochkov, 2021. "Divisia Monetary Aggregates for Russia: Money Demand, GDP Nowcasting, and the Price Puzzle," CFDS Discussion Paper Series 2021/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
• Florian, Huber & Koop, Gary & Onorante, Luca & Pfarrhofer, Michael & Schreiner, Josef, 2021. "Nowcasting in a Pandemic using Non-Parametric Mixed Frequency VARs," JRC Working Papers in Economics and Finance 2021-01, Joint Research Centre, European Commission.
• Tryphon Kollintzas & Dimitris Papageorgiou & Vanghelis Vassilatos, 2021. "Implications of market and political power interactions for growth and the business cycle I: private sector equilibrium," Working Papers 288, Bank of Greece.
• Corinna Ghirelli & María Gil & Samuel Hurtado & Alberto Urtasun, 2021. "The relationship between pandemic containment measures, mobility and economic activity," Occasional Papers 2109, Banco de España.
• Banza Mukalay, M’pya, 2021. "Efficacité de la politique budgétaire en RDC," Dynare Working Papers 68, CEPREMAP.
• Dilem Yıldırım & Dilan Aydın, 2021. "One Crisis After Another: A Dynamic Unemployment Persistence Analysis For The Gips Countries," ERC Working Papers 2102, ERC - Economic Research Center, Middle East Technical University, revised Apr 2021.
• Dmitry Khametshin, 2021. "High-yield bond markets during the COVID-19 crisis: the role of monetary policy," Occasional Papers 2110, Banco de España.
• Sergio Florez-Orrego, 2021. "Money Matters: Global banks, safe assets and monetary autonomy," Documentos CEDE 19153, Universidad de los Andes, Facultad de Economía, CEDE.
• Ani Asoyan & Vahagn Davtyan & Haykaz Igityan & Hasmik Kartashyan & Hovhannes Manukyan, 2020. "Modelling the Effects of a Health Shock on the Armenian Economy," Working Papers 15, Central Bank of the Republic of Armenia, revised Dec 2020.
• Claudio Morana, 2021. "A new macro-financial condition index for the euro area," Working Papers 467, University of Milano-Bicocca, Department of Economics, revised Sep 2021.
• Corinna Ghirelli & María Gil & Samuel Hurtado & Alberto Urtasun, 2021. "Relación entre las medidas de contención de la pandemia, la movilidad y la actividad económica," Occasional Papers 2109, Banco de España.
• Federico M. Ferrara & Donato Masciandaro & Manuela Moschella & Davide Romelli, 2021. "Political Voice on Monetary Policy: Evidence from the Parliamentary Hearings of the European Central Bank," BAFFI CAREFIN Working Papers 21159, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Roman Garcia & Dimitri Lorenzani & Daniel Monteiro & Francesco Perticari & Bořek Vašíček & Lukas Vogel, 2021. "Financial Spillover and Contagion Risks in the Euro Area in 2007-2019," European Economy - Discussion Papers 137, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Louisa Grimm & Sven Steinkamp & Frank Westermann, 2021. "On Optimal Currency Areas and Common Cycles: Are the Acceding Countries Ready to Join the Euro?," IEER Working Papers 120, Institute of Empirical Economic Research, Osnabrueck University.
• Hirschbühl, Dominik & Spitzer, Martin, 2021. "International medium-term business cycles," Working Paper Series 2536, European Central Bank.
• Charles Saliba & Mary Ann Muscat, 2020. "Analysis of the Payment Habits in Malta," CBM Working Papers WP/01/2020, Central Bank of Malta.
• Haykaz Igityan & Hovhannes Manukyan, 2020. "Fitting Armenian Data to the Simple DSGE Model with Permanent Productivity Growth," Working Papers 14, Central Bank of the Republic of Armenia.
• Radostin Neykov & Caroline Robert, 2021. "The Role of the Euro in the Eastern Partnership Countries," European Economy - Discussion Papers 138, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Reuben Ellul, "undated". "Timing the Maltese business cycle: A historical perspective," CBM Working Papers WP/01/2021, Central Bank of Malta.
• Nadar, Anand, 2021. "An econometric analysis of the effectiveness of fiscal and monetary policies in India," OSF Preprints 39s7a, Center for Open Science.
• Kovalenko, Tim & Töpfer, Marina, 2021. "Cyclical dynamics and the gender pay gap: A structural VAR approach," Discussion Papers 115, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Labour and Regional Economics.
• Ring, Marius, 2019. "Entrepreneurial Wealth and Employment: Tracing Out the Effects of a Stock Market Crash," MPRA Paper 107020, University Library of Munich, Germany, revised 06 Apr 2021.
• Asongu, Simplice & Nnanna, Joseph & Acha-Anyi, Paul, 2020. "The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI," MPRA Paper 107135, University Library of Munich, Germany.
• Joseph, Andreas & Kalamara, Eleni & Kapetanios, George & Potjagailo, Galina & Chakraborty, Chiranjit, 2021. "Forecasting UK inflation bottom up," Bank of England working papers 915, Bank of England, revised 27 Sep 2022.
• Wesley Janson & Randal J. Verbrugge, 2021. "Late Payment Fees and Nonpayment in Rental Markets, and Implications for Inflation Measurement: Theoretical Considerations and Evidence," Working Papers 20-22R2, Federal Reserve Bank of Cleveland, revised 06 Nov 2023.
• Carlo Altavilla & Luc Laeven & José-Luis Peydró, 2021. "Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers," Working Papers 1246, Barcelona School of Economics.
• Germano Ruisi, 2020. "An Assessment of the Macroeconomic Implications of Foreign and Domestic Labour Supply Shocks in Malta," CBM Working Papers WP/06/2020, Central Bank of Malta.
• Dieppe, Alistair & Francis, Neville & Kindberg-Hanlon, Gene, 2021. "The identification of dominant macroeconomic drivers: coping with confounding shocks," Working Paper Series 2534, European Central Bank.
• Silvio Attard & Warren Deguara & Valentina Antonaroli, 2020. "Household Finance and Consumption Survey: A Comparison of the Main Results for Malta with the Euro Area," CBM Working Papers WP/05/2020, Central Bank of Malta.
• Luca Agnello & Vitor Castro & Gilles Dufrénot & Fredj Jawadi & Ricardo Sousa, 2020. "Unconventional monetary policy reaction functions: evidence from the US," Post-Print hal-03101417, HAL.
• Pablo Burriel & Víctor González-Díez & Jorge Martínez-Pagés & Enrique Moral-Benito, 2021. "Real-time analysis of the revisions to the structural position of public finances," Occasional Papers 2108, Banco de España.
• Tiziana Marie Gauci & Noel Rapa, 2020. "An analysis of the shadow economy in Malta: A Currency Demand and MIMIC model approach," CBM Working Papers WP/02/2020, Central Bank of Malta.
• Emilio Ocampo, 2021. "A Brief History of Hyperinflation in Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 787, Universidad del CEMA.
• Auerbach, Alan J & Gale, William, 2020. "The effects of the COVID pandemic on the federal budget outlook," Department of Economics, Working Paper Series qt4b93f59b, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
• Mariam Camarero & Gilles Dufrénot & Cecilio Tamarit, 2021. "How do inequalities affect the natural interest rate, and how do they impact monetary policy? Comparing Germany, Japan and the US," Working Papers halshs-03191667, HAL.
• Jairo Núnez Méndez, 2020. "Impacto de la pandemia y los aislamientos obligatorios por COVID-19 sobre la pobreza total y extrema en Colombia," Informes de Investigación 19146, Fedesarrollo.
• Osinubi, Tolulope & Asongu, Simplice, 2020. "Globalization and Female Economic Participation in MINT and BRICS countries," MPRA Paper 107138, University Library of Munich, Germany.
• Mikael Khan & Olga Bilyk & Matthew Ackman, 2021. "Update on housing market imbalances and household indebtedness," Staff Analytical Notes 2021-4, Bank of Canada.
• Mario Canales & Bernabe Lopez-Martin, 2021. "Uncertainty, Risk, and Price-Setting: Evidence from CPI Microdata," Working Papers Central Bank of Chile 908, Central Bank of Chile.
• Astrid Martínez Ortiz & Martha Delgado & Enrique López Enciso & Eduardo Uribe, 2021. "Proyecto minero Quebradona. Aspectos económicos, government take y observaciones sobre el estudio de impacto ambiental," Informes de Investigación 19148, Fedesarrollo.
• Brian Micallef & Nathaniel Debono, 2020. "The rental sector and the housing block in STREAM," CBM Working Papers WP/03/2020, Central Bank of Malta.
• , 2021. "The Economic Gains from Equity," Working Paper Series 2021-11, Federal Reserve Bank of San Francisco.
• Matthew Higgins & Thomas Klitgaard, 2021. "What Is behind the Global Jump in Personal Saving during the Pandemic?," Liberty Street Economics 20210414, Federal Reserve Bank of New York.
• Pia M. Orrenius & Madeline Zavodny, 2021. "How Foreign- and U.S.-Born Latinos Fare During Recessions and Recoveries," Working Papers 2104, Federal Reserve Bank of Dallas.
• Cristina Fuentes-Albero & John M. Roberts, 2021. "Inflation Thresholds and Policy-Rule Inertia: Some Simulation Results," FEDS Notes 2021-04-12, Board of Governors of the Federal Reserve System (U.S.).
• Hayk Karapetyan, 2019. "Estimating Potential Output at the Central Bank of Armenia," Working Papers 12, Central Bank of the Republic of Armenia.
• Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2021. "Concentration in International Markets: Evidence from US Imports," CESifo Working Paper Series 8986, CESifo.
• Elminejad, Ali & Havranek, Tomas & Horvath, Roman, 2021. "Publication and Identification Biases in Measuring the Intertemporal Substitution of Labor Supply," EconStor Preprints 232534, ZBW - Leibniz Information Centre for Economics.
• Dąbrowski, Marek A. & Papież, Monika & Śmiech, Sławomir, 2021. "Output volatility and exchange rates: New evidence from the updated de facto exchange rate regime classifications," MPRA Paper 107133, University Library of Munich, Germany.
• Lorie Logan, 2021. "Desk Operations: The New Normal," Speech 90754, Federal Reserve Bank of New York.
• Guglielmo Maria Caporale & Gloria Claudio-Quiroga & Luis A. Gil-Alana, 2021. "The Relationship between Prices and Output in the UK and the US," CESifo Working Paper Series 8970, CESifo.
• Berger, Tino & Dubbert, Tore & Schoonackers, Ruben, 2021. "Fiscal prudence: It's all in the timing - Estimating time-varying fiscal policy reaction functions for core EU countries," University of Göttingen Working Papers in Economics 417, University of Goettingen, Department of Economics.
• Janet Jiang & Daniela Puzzello & Cathy Zhang, 2021. "How Long is Forever in the Laboratory? Three Implementations of an Infinite-Horizon Monetary Economy," Staff Working Papers 21-16, Bank of Canada.
• OGAWA Eiji & Pengfei LUO, 2021. "Macroeconomic Effects of Global Policy and Financial Risks," Discussion papers 21020, Research Institute of Economy, Trade and Industry (RIETI).
• Kapp, Daniel & Kristiansen, Kristian, 2021. "Euro area equity risk premia and monetary policy: a longer-term perspective," Working Paper Series 2535, European Central Bank.
• Lorenzo Codogno & Paul van den Noord, 2021. "Assessing Next Generation EU," LEQS – LSE 'Europe in Question' Discussion Paper Series 166, European Institute, LSE.
• Carlos León, 2021. "The dawn of a mobile payment scheme: The case of Movii," Borradores de Economia 1157, Banco de la Republica de Colombia.
• Javier Barbero & Giovanni Mandras & Ernesto Rodríguez-Crespo & Andrés Rodríguez-Pose, 2021. "Quality of government and regional trade in the EU," JRC Research Reports JRC124475, Joint Research Centre.
• Bhatt, Vipul & Kishor, N. Kundan, 2021. "(A)Synchronous Housing Markets of Global Cities," MPRA Paper 107175, University Library of Munich, Germany.
• Dieppe, Alistair & Francis, Neville & Kindberg-Hanlon, Gene, 2021. "Technology and demand drivers of productivity dynamics in developed and emerging market economies," Working Paper Series 2533, European Central Bank.
• Agosto, Arianna & Ahelegbey, Daniel Felix & Giudici, Paolo, 2020. "Tree Networks to assess Financial Contagion," MPRA Paper 107066, University Library of Munich, Germany.
• Can Sever & Emekcan Yucel, 2020. "Macroprudential Policy and Elections: What Matters? Abstract:," Working Papers 2020/01, Bogazici University, Department of Economics.
• HAMANO Masashige & OKUBO Toshihiro, 2021. "In Search of Lost Time: Firm Vintage and Macroeconomic Dynamics," Discussion papers 21015, Research Institute of Economy, Trade and Industry (RIETI).
• Andreas Hefti & Julia Lareida, 2021. "Competitive attention, Superstars and the Long Tail," ECON - Working Papers 383, Department of Economics - University of Zurich.
• Jorge M. Uribe & Jose E. Gomez-Gonzalez & Jorge Hirs-Garzón, 2021. ""Interdependent Capital Structure Choices and the Macroeconomy"," IREA Working Papers 202107, University of Barcelona, Research Institute of Applied Economics, revised Apr 2021.
• Tiziana Assenza & Christian Hellwig & Fabrice Collard & Martial Dupaigne & Patrick Fève & Sumudu Kankanamge & Nicolas Werquin, 2021. "The Hammer and the Dance: Equilibrium and Optimal Policy during a Pandemic Crisis," Working Papers hal-03186935, HAL.
• Coibion, Olivier & Gorodnichenko, Yuriy & Ropele, Tiziano, 2022. "Inflation Expectations and Firm Decisions: New Causal Evidence," Department of Economics, Working Paper Series qt54f0k77k, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
• Ivan Kitov, 2021. "The link between unemployment and real economic growth in developed countries," Papers 2104.04595, arXiv.org.