Report NEP-MAC-2021-04-26

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:

• Farayibi, Adesoji & Asongu, Simplice, 2020. "The Economic Consequences of the Covid-19 Pandemic in Nigeria," MPRA Paper 107098, University Library of Munich, Germany.
• Vasily Astrov & Alexandra Bykova & Rumen Dobrinsky & Selena Duraković & Richard Grieveson & Doris Hanzl-Weiss & Gabor Hunya & Branimir Jovanović & Niko Korpar & Sebastian Leitner & Isilda Mara & Olga , 2021. "Darkest before the dawn?," wiiw Forecast Reports Spring2021, The Vienna Institute for International Economic Studies, wiiw.
• Rafael 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 2105, Department of Applied Economics II, Universidad de Valencia.
• Philippe Andrade & Erwan Gautier & Eric Mengus, 2021. "What Matters in Households' Inflation Expectations?," CESifo Working Paper Series 9005, CESifo.
• Directorate General Economics, Statistics and Research, 2020. "The Spanish economy in 2019," Occasional Papers 2011, Banco de España.
• Cecilia R. Caglio & R. Matthew Darst & Ṣebnem Kalemli-Özcan, 2021. "Collateral Heterogeneity and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms," NBER Working Papers 28685, National Bureau of Economic Research, Inc.
• Honkapohja, Seppo & McClung, Nigel, 2021. "On robustness of average inflation targeting," Research Discussion Papers 6/2021, Bank of Finland.
• Brinca, Pedro & João, Costa-Filho, 2021. "Output falls and the international transmission of crises," MPRA Paper 107297, University Library of Munich, Germany.
• Fiaschi, Davide & Tealdi, Cristina, 2021. "A General Methodology to Measure Labour Market Dynamics," IZA Discussion Papers 14254, Institute of Labor Economics (IZA).
• Omoshoro-Jones, Oyeyinka Sunday, 2021. "Asymmetry in Okun’s Law Revisited: New evidence on cyclical unemployment–cyclical output trade-off in the Free State Province using NARDL model," MPRA Paper 107126, University Library of Munich, Germany.
• Bijie Jia & Hyeongwoo Kim & Shuwei Zhang, 2021. "Assessing the Role of Sentiment in the Propagation of Fiscal Stimulus," Auburn Economics Working Paper Series auwp2021-01, Department of Economics, Auburn University.
• Troy Davig & Andrew Foerster, 2021. "Communicating Monetary Policy Rules," Working Paper Series 2021-12, Federal Reserve Bank of San Francisco.
• Andrea Borsato, 2021. "Does the Secular Stagnation hypothesis match with data? Evidence from USA," Working Papers of BETA 2021-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Hoshino, Satoshi & Ida, Daisuke, 2021. "Stock prices and monetary policy in Japan: An analysis of a Bayesian DSGE model," MPRA Paper 107301, University Library of Munich, Germany.
• Plassard, Romain, 2021. "Barro, Grossman, and the domination of equilibrium macroeconomics," MPRA Paper 107201, University Library of Munich, Germany.
• Scott R. Baker & Nicholas Bloom & Steven J. Davis & Marco C. Sammon, 2021. "What Triggers Stock Market Jumps?," NBER Working Papers 28687, National Bureau of Economic Research, Inc.
• Boris Chafwehé & François Courtoy, 2021. "Optimal Taxes and Transfers with Household Heterogeneity," LIDAM Discussion Papers IRES 2021009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Susanto Basu & Giacomo Candian & Ryan Chahrour & Rosen Valchev, 2021. "Risky Business Cycles," NBER Working Papers 28693, National Bureau of Economic Research, Inc.
• Dr. Angela Abbate & Dominik Thaler, 2021. "Optimal monetary policy with the risk-taking channel," Working Papers 2021-09, Swiss National Bank.
• Brinca, Pedro & Costa-Filho, João, 2021. "Economic depression in Brazil: the 2014-2016 fall," MPRA Paper 107298, University Library of Munich, Germany.
• Тулеуов Олжас // Tuleuov Olzhas & Ержан Ислам // Yerzhan Islam & Сейдахметов Ансар // Seidakhmetov Ansar, 2021. "Система Galymzhan: online-оценка потребительской инфляции в Казахстане // Galymzhan System: Online Assessment of Consumer Inflation in Kazakhstan," Working Papers #2021-2, National Bank of Kazakhstan.
• Oguzhan Cepni & Rangan Gupta & Qiang Ji, 2021. "Sentiment Regimes and Reaction of Stock Markets to Conventional and Unconventional Monetary Policies: Evidence from OECD Countries," Working Papers 202126, University of Pretoria, Department of Economics.
• Jaime Marquez & S Yanki Kalfa, 2021. "The Forecasts of Individual FOMC Members: New Evidence after Ten Years," Working Papers 2021-003, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
• Tanaka, Yasuhito, 2021. "Budget Deficit to Achieve and Maintain Full-employment Under Growth by Technological Progress," MPRA Paper 107220, University Library of Munich, Germany.
• Gregor Boehl & Cars Hommes, 2021. "Rational vs. Irrational Beliefs in a Complex World," CRC TR 224 Discussion Paper Series crctr224_2021_287, University of Bonn and University of Mannheim, Germany.
• Andre, Peter & Pizzinelli, Carlo & Roth, Christopher & Wohlfart, Johannes, 2021. "Subjective Models of the Macroeconomy : Evidence from Experts and a Representative Sample," The Warwick Economics Research Paper Series (TWERPS) 1342, University of Warwick, Department of Economics.
• Lorenzo Pozzi & Barbara Sadaba, 2021. "Macroeconomic disasters and consumption smoothing," Tinbergen Institute Discussion Papers 21-030/VI, Tinbergen Institute.
• Dzung Bui & Lena Dräger & Bernd Hayo & Giang Nghiem, 2021. "Consumer Sentiment during the Covid-19 Pandemic: The Role of Others' Beliefs," CESifo Working Paper Series 9010, CESifo.
• Yuriy Gorodnichenko & Tho Pham & Oleksandr Talavera, 2021. "Central Bank Communication on Social Media: What, To Whom, and How?," Discussion Papers 21-05, Department of Economics, University of Birmingham.
• Andrea Papetti, 2021. "Population aging, relative prices and capital flows across the globe," Temi di discussione (Economic working papers) 1333, Bank of Italy, Economic Research and International Relations Area.
• Bruno Pellegrino & Enrico Spolaore & Romain Wacziarg, 2021. "Barriers to Global Capital Allocation," NBER Working Papers 28694, National Bureau of Economic Research, Inc.
• Asongu, Simplice & Diop, Samba & Nnanna, Joseph, 2020. "The Geography of the Effectiveness and Consequences of Covid-19 Measures: Global Evidence," MPRA Paper 107110, University Library of Munich, Germany.
• Gasteiger, Emanuel, 2021. "Optimal Constrained Interest-Rate Rules under Heterogeneous Expectations," ECON WPS - Working Papers in Economic Theory and Policy 04/2021, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
• Christian Kubitza, 2021. "Tackling the Volatility Paradox: Spillover Persistence and Systemic Risk," ECONtribute Discussion Papers Series 079, University of Bonn and University of Cologne, Germany.
• Luis Felipe Céspedes & Roberto Chang & Andrés Velasco, 2020. "The Macroeconomics of a Pandemic: A Minimalist Framework," Working Papers wp504, University of Chile, Department of Economics.
• Gomez-Gonzalez, Jose Eduardo & Uribe, Jorge M. & Hirs-Garzon, Jorge, 2021. "Interdependent Capital Structure Choices and the Macroeconomy," Working papers 77, Red Investigadores de Economía.
• Dr. Lucas Marc Fuhrer & Nils Herger, 2021. "Real interest rates and demographic developments across generations: A panel-data analysis over two centuries," Working Papers 2021-07, Swiss National Bank.
• Victoria Gregory & Guido Menzio & David G. Wiczer, 2021. "The Alpha Beta Gamma of the Labor Market," NBER Working Papers 28663, National Bureau of Economic Research, Inc.
• Louisa Grimm & Sven Steinkamp & Frank Westermann, 2021. "On Optimal Currency Areas and Common Cycles: Are the Acceding Countries Ready to Join the Euro?," CESifo Working Paper Series 9016, CESifo.
• Guerrazzi, Marco & Giribone, Pier Giuseppe, 2021. "The Dynamics of Working Hours and Wages Under Implicit Contracts," GLO Discussion Paper Series 818, Global Labor Organization (GLO).
• Iheonu, Chimere & Asongu, Simplice & Odo, Kingsley & Ojiem, Patrick, 2020. "Financial Sector Development and Investment in Selected ECOWAS Countries: Empirical Evidence using Heterogeneous Panel Data Method," MPRA Paper 107102, University Library of Munich, Germany.
• Masahige Hamano & Francesco Pappadà, 2021. "Exchange rate policy and firm dynamics," Working Papers 2018, Waseda University, Faculty of Political Science and Economics.
• Tanaka, Yasuhito, 2021. "Mmt（現代貨幣理論）の理論的根拠について -Mmtの数理モデルを目指して- [On the theoretical basis for MMT (Modern Monetary Theory) -Toward a mathematical model of MMT-]," MPRA Paper 107223, University Library of Munich, Germany.
• Tanaka, Yasuhito, 2021. "Budget deficit for full-employment under growth and inflation by excessive deficit in an OLG model with bequest motive," MPRA Paper 107218, University Library of Munich, Germany.
• Ramiro Emmanuel Jorge, 2020. "Herramientas de Google para la predicción de variables económicas. Una aplicación al Índice Compuesto Coincidente de Actividad Económica de la Provincia de Santa Fe (ICASFe)," Asociación Argentina de Economía Política: Working Papers 4360, Asociación Argentina de Economía Política.
• Delaporte, Isaure & Escobar, Julia & Peña, Werner, 2021. "The Distributional Consequences of Social Distancing on Poverty and Labour Income Inequality in Latin America and the Caribbean," GLO Discussion Paper Series 682 [pre.], Global Labor Organization (GLO).
• Haoran He & David Neumark & Qian Weng, 2021. "“I Still Haven’t Found What I’m Looking For”: Evidence of Directed Search from a Field Experiment," NBER Working Papers 28660, National Bureau of Economic Research, Inc.
• Andrea Gerali & Elisa Guglielminetti & Danilo Liberati, 2021. "(In)efficient Separations, Firing Costs and Temporary Contracts," Temi di discussione (Economic working papers) 1330, Bank of Italy, Economic Research and International Relations Area.
• Julian Puig & Diego Pitetti, 2020. "Tipo de cambio real y finanzas públicas subnacionales: efectos de las depreciaciones reales en Argentina," Asociación Argentina de Economía Política: Working Papers 4394, Asociación Argentina de Economía Política.
• Asongu, Simplice & Rahman, Mushfiqur & Nnanna, Joseph & Haffar, Mohamed, 2020. "Enhancing Information Technology for Value Added Across Economic Sectors in Sub-Saharan Africa," MPRA Paper 107238, University Library of Munich, Germany.
• Paranhos, Livia, 2021. "Predicting Inflation with Neural Networks," The Warwick Economics Research Paper Series (TWERPS) 1344, University of Warwick, Department of Economics.
• Giovanni Angelini & Marco M. Sorge, 2021. "Under the same (Chole)sky: DNK models, timing restrictions and recursive identification of monetary policy shocks," Working Papers wp1160, Dipartimento Scienze Economiche, Universita' di Bologna.
• Diop, Samba & Asongu, Simplice & Nnanna, Joseph, 2020. "Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence," MPRA Paper 107243, University Library of Munich, Germany.
• Xafa, Miranda, 2021. "Robert Mundell, 1932-2021: Ahead of his Time," Studies in Applied Economics 178, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
• Elias Albagli & Mario Canales & Chad Syverson & Matias Tapia & Juan Wlasiuk, 2021. "Productivity Growth and Workers’ Job Transitions: Evidence from Censal Microdata," NBER Working Papers 28657, National Bureau of Economic Research, Inc.
• Eric Rosengren, 2021. "Taking Stock of the Economic Recovery and the Opportunities to Bolster Financial Stability," Speech 90902, Federal Reserve Bank of Boston.
• Makoto Nirei & José A. Scheinkman, 2021. "Repricing Avalanches," NBER Working Papers 28654, National Bureau of Economic Research, Inc.
• Alejandro Rodríguez, 2020. "A SIR Macro Model: Comparing the Decentralized Economy and the Optimal Policy," Asociación Argentina de Economía Política: Working Papers 4399, Asociación Argentina de Economía Política.
• James Fudurich & Lena Suchanek & Lise Pichette, 2021. "Adoption of digital technologies: Insights from a global survey initiative," Discussion Papers 2021-7, Bank of Canada.
• Auerbach, Alan & Gorodnichenko, Yuriy & Murphy, Daniel, 2020. "Local Fiscal Multipliers and Fiscal Spillovers in the USA," Department of Economics, Working Paper Series qt88f0t0rf, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
• Eric Rosengren, 2021. "Perspectives on the Eventual Economic Recovery," Speech 90901, Federal Reserve Bank of Boston.
• Asongu, Simplice & Folarin, Oludele & Biekpe, Nicholas, 2020. "The Long Run Stability of Money in the Proposed East African Monetary Union," MPRA Paper 107089, University Library of Munich, Germany.
• Gergo Motyovszki, 2021. "Monetary-Fiscal Interactions and Redistribution in Small Open Economies," Economics Working Papers EUI ECO 2020/03, European University Institute.
• Galassi, Gabriela, 2021. "Labor Demand Response to Labor Supply Incentives: Lessons from the German Mini-Job Reform," IZA Discussion Papers 14248, Institute of Labor Economics (IZA).
• Alyssa G. Anderson & Wenxin Du & Bernd Schlusche, 2021. "Arbitrage Capital of Global Banks," NBER Working Papers 28658, National Bureau of Economic Research, Inc.
• Massimiliano Renzetti & Serena Bernardini & Giuseppe Marino & Luca Mibelli & Laura Ricciardi & Giovanni Maria Sabelli, 2021. "TIPS - TARGET Instant Payment Settlement The Pan-European Infrastructure for the Settlement of Instant Payments," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 1, Bank of Italy, Directorate General for Markets and Payment System.
• Константин Орлов // Konstantin Orlov, 2021. "Построение большой байесовской авторегрессионной модели для Казахстана // Building a Large Bayesian Vector Autoregression Model for Kazakhstan," Working Papers #2021-1, National Bank of Kazakhstan.
• Ghatak, Shambhu & Sengupta, Nabarun, 2021. "Discretionary fiscal spending needs to be raised further by allocating more towards MGNREGA," OSF Preprints 6r7ns, Center for Open Science.
• Sergio Clavijo, 2021. "Transmisión Crediticia, Liquidez y Capital Bancario en Colombia," Documentos CEDE 19156, Universidad de los Andes, Facultad de Economía, CEDE.
• Ángel Gómez-Carreño García-Moreno, 2021. "Juan Sebastián Elcano: 500 años de la Primera vuelta al mundo en los billetes del Banco de España. Historia y tecnología del billete," Occasional Papers 2030, Banco de España.
• Matthew Famiglietti & Fernando Leibovici, 2021. "The Impact of Health and Economic Policies on the Spread of COVID-19 and Economic Activity," Working Papers 2021-005, Federal Reserve Bank of St. Louis, revised Jan 2022.
• La Torre, Davide & Marsiglio, Simone & Mendivil, Franklin & Privileggi, Fabio, 2021. "Generalized Fractal Transforms with Condensation: a Macroeconomic-Epidemiological Application," Department of Economics and Statistics Cognetti de Martiis. Working Papers 202107, University of Turin.
• Iwasaki, Ichiro & 岩﨑, 一郎 & Kočenda, Evžen & Shida, Yoshisada, 2021. "Distressed Acquisitions Evidence from European Emerging Markets," RRC Working Paper Series 90, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
• León, Carlos, 2021. "The dawn of a mobile payment scheme: The case of Movii," Working papers 78, Red Investigadores de Economía.
• Teresa Ghilarducci & Siavash Radpour & Michael Papadopoulos, 2021. "Trends in Employer-Sponsored Retirement Plan Access and Participation Rates: Reconciling Different Data Sources," SCEPA publication series. 2021-02, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
• Luis Felipe Céspedes & Roberto Chang, 2020. "Optimal Foreign Reserves and Central Bank Policy Under Financial Stress," Working Papers wp503, University of Chile, Department of Economics.
• George J. Borjas & Anthony Edo, 2021. "Gender, Selection into Employment, and the Wage Impact of Immigration," Working Papers 2021-05, CEPII research center.
• Borjas, George J. & Edo, Anthony, 2021. "Gender, Selection into Employment, and the Wage Impact of Immigration," IZA Discussion Papers 14261, Institute of Labor Economics (IZA).
• George J. Borjas & Anthony Edo, 2021. "Gender, Selection into Employment, and the Wage Impact of Immigration," NBER Working Papers 28682, National Bureau of Economic Research, Inc.
• Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2021. "Information Frictions among Firms and Households," The Warwick Economics Research Paper Series (TWERPS) 1341, University of Warwick, Department of Economics.
• Claude Diebolt, 2021. "Trend, Cycles and Chance," Working Papers of BETA 2021-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Claudia Pacella, 2021. "Dating the euro area business cycle: an evaluation," Temi di discussione (Economic working papers) 1332, Bank of Italy, Economic Research and International Relations Area.
• Georgii Riabov & Aleh Tsyvinski, 2021. "Policy with stochastic hysteresis," Papers 2104.10225, arXiv.org.
• Charles Ka Yui Leung & Edward Chi Ho Tang, 2021. "The Dynamics of the House Price-to-Income Ratio: Theory and Evidence," GRU Working Paper Series GRU_2021_005, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
• Coibion, Olivier & Gorodnichenko, Yuriy & Ropele, Tiziano, 2019. "Inflation Expectations and Firms’ Decisions: New Causal Evidence," Department of Economics, Working Paper Series qt71v7h37f, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
• Qingen Gai & Naijia Guo & Bingjing Li & Qinghua Shi & Xiaodong Zhu, 2021. "Migration Costs, Sorting, and the Agricultural Productivity Gap," Working Papers tecipa-693, University of Toronto, Department of Economics.
• François Facchini, 2020. "Pourquoi l'inflation reste faible alors que la masse monétaire augmente ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03195332, HAL.
• Coibion, O & Gorodnichenko, Y & Weber, M, 2022. "Does Policy Communication during COVID Work?," Department of Economics, Working Paper Series qt0zp1944k, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
• Elliott Ash & Sergio Galletta & Tommaso Giommoni, 2021. "A Machine Learning Approach to Analyze and Support Anti-Corruption Policy," CESifo Working Paper Series 9015, CESifo.
• Kuikeu, Oscar, 2021. "Y a-t-il optimalité des conditions monétaires actuelles ? Une perspective sous-régionale [Optimality of monetary conditions under Covid-19: a sub regional perspective]," MPRA Paper 107237, University Library of Munich, Germany.
• Coibion, Olivier & Gorodnichenko, Yuriy & Weber, Michael, 2020. "Does Policy Communication During COVID Work?," Department of Economics, Working Paper Series qt19b8p8g1, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
• Jeremy Greenwood & Nezih Guner & Ricardo Marto, 2021. "The Great Transition: Kuznets Facts for Family-Economists," NBER Working Papers 28656, National Bureau of Economic Research, Inc.
• Coibion, Olivier & Georgarakos, Dimitris & Gorodnichenko, Yuriy & Weber, Michael, 2022. "Forward Guidance and Household Expectations," Department of Economics, Working Paper Series qt71g5h892, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
• Sonja Tilly & Giacomo Livan, 2021. "Macroeconomic forecasting with statistically validated knowledge graphs," Papers 2104.10457, arXiv.org.
• Philipp Wegmüller & Christian Glocker & Valentino Guggia, 2021. "Weekly Economic Activity: Measurement and Informational Content," WIFO Working Papers 627, WIFO.