Report NEP-MAC-2021-08-30

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:

• Riccardo Bianchi Vimercati & Martin S. Eichenbaum & Joao Guerreiro, 2021. "Fiscal Stimulus with Imperfect Expectations: Spending vs. Tax Policy," NBER Working Papers 29134, National Bureau of Economic Research, Inc.
• Hyeongwoo Kim & Shuwei Zhang, 2021. "Understanding Why Fiscal Stimulus Can Fail through the Lens of the Survey of Professional Forecasters," Auburn Economics Working Paper Series auwp2021-04, Department of Economics, Auburn University.
• Magnus Reif, 2021. "Time-Varying Dynamics of the German Business Cycle: A Comprehensive Investigation," CESifo Working Paper Series 9271, CESifo.
• PINSHI, Christian P. & MALATA, Alain, 2020. "Canal d’incertitude de la COVID-19 : Quelles stratégies et tactiques pour la politique monétaire ? [COVID-19 Uncertainty Channel: What Strategies and Tactics for Monetary Policy?]," MPRA Paper 109313, University Library of Munich, Germany.
• Dario Caldara & Chiara Scotti & Molin Zhong, 2021. "Macroeconomic and Financial Risks: A Tale of Mean and Volatility," International Finance Discussion Papers 1326, Board of Governors of the Federal Reserve System (U.S.).
• Amir Sufi & Alan M. Taylor, 2021. "Financial crises: A survey," NBER Working Papers 29155, National Bureau of Economic Research, Inc.
• Nizam, Ahmed Mehedi, 2021. "Effect of Government Transfer on Money Supply: A Closer Look into the Interaction Between Monetary and Fiscal Policy," MPRA Paper 109394, University Library of Munich, Germany.
• Richard K. Crump & Stefano Eusepi & Domenico Giannone & Eric Qian & Argia M. Sbordone, 2021. "A Large Bayesian VAR of the United States Economy," Staff Reports 976, Federal Reserve Bank of New York.
• Tino Berger & Julia Richter & Benjamin Wong, 2021. "A Unified Approach for Jointly Estimating the Business and Financial Cycle, and the Role of Financial Factors," Monash Econometrics and Business Statistics Working Papers 4/21, Monash University, Department of Econometrics and Business Statistics.
• Michael D. Bordo, 2021. "Central Bank Digital Currency in Historical Perspective: Another Crossroad in Monetary History," NBER Working Papers 29171, National Bureau of Economic Research, Inc.
• Madeline Hanson & Daniela Hauser & Romanos Priftis, 2021. "Fiscal Spillovers: The Case of US Corporate and Personal Income Taxes," Staff Working Papers 21-41, Bank of Canada.
• Grey Gordon & Pablo Guerrón-Quintana, 2021. "Public Debt, Private Pain: Regional Borrowing, Default, and Migration," Working Paper 21-13, Federal Reserve Bank of Richmond.
• Janet Hua (duplicate record) Jiang & Peter Norman & Daniela Puzzello & Bruno Sultanum & Randall Wright, 2021. "Is Money Essential? An Experimental Approach," Working Paper 21-12, Federal Reserve Bank of Richmond.
• Narayana R. Kocherlakota, 2021. "Public Debt Bubbles in Heterogeneous Agent Models with Tail Risk," NBER Working Papers 29138, National Bureau of Economic Research, Inc.
• Adrien Auclert & Hannes Malmberg & Frederic Martenet & Matthew Rognlie, 2021. "Demographics, Wealth, and Global Imbalances in the Twenty-First Century," NBER Working Papers 29161, National Bureau of Economic Research, Inc.
• Selva Bahar Baziki & Tanju Capacioglu, 2021. "Loan-to-Value Caps, Bank Lending, and Spillover to General-Purpose Loans," Working Papers 2123, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Martin Baumgaertner & Johannes Zahner, 2021. "Whatever it takes to understand a central banker - Embedding their words using neural networks," MAGKS Papers on Economics 202130, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Anton A. Cheremukhin & Paulina Restrepo-Echavarria, 2021. "Wage Setting Under Targeted Search," Working Papers 2111, Federal Reserve Bank of Dallas.
• Cynthia L. Doniger, 2021. "What Can We Learn from Asynchronous Wage Changes?," Finance and Economics Discussion Series 2021-055r1, Board of Governors of the Federal Reserve System (U.S.), revised 31 Mar 2022.
• Lomonosov, Daniil, 2021. "Роль Коронавирусной Пандемии И Развала Сделки Опек+ В Динамике Цены На Нефть В 2020 Году [The role of the coronavirus pandemic and the collapse of the OPEC + deal in the dynamics of oil prices in 2," MPRA Paper 109319, University Library of Munich, Germany.
• Nolan, Brian & C. Palomino, Juan & Kuypers, Sarah & Marx, Ive, 2021. "Lockdown, Earnings Losses and Household Asset Buffers in Europe," INET Oxford Working Papers 2021-10, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
• Nizam, Ahmed Mehedi, 2021. "Redistribution of wealth through cross border financial transactions: A closer look," MPRA Paper 109374, University Library of Munich, Germany.
• Albuquerque, Bruno, 2021. "Corporate debt booms, financial constraints and the investment nexus," Bank of England working papers 935, Bank of England.
• Uchida, Yuki & Ono, Tetsuo, 2021. "Borrowing to Finance Public Investment: A Politico-economic Analysis of Fiscal Rules," MPRA Paper 109289, University Library of Munich, Germany.
• Emma M., Iglesias & J. Carles, Maixé-Altés, 2021. "Money Market Integration in Spain in the Ninetheen Century: The Role of the 1875-1885 Decade," MPRA Paper 109219, University Library of Munich, Germany.
• Rafael Fearne & Ian Borg, "undated". "The characteristics associated with the short and long-term unemployed in the Maltese labour market," CBM Policy Papers PP/06/2021, Central Bank of Malta.
• Roberta Montebello & Jude Darmanin, 2021. "Saving behaviour in Malta: Insights from the Household Budgetary Survey," CBM Working Papers WP/04/2021, Central Bank of Malta.
• C. Palomino, Juan & G. Rodríguez, Juan & Sebastian, Raquel, 2021. "The COVID-19 shock on the labour market: Poverty and inequality effects across Spanish regions," INET Oxford Working Papers 2021-06, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
• Michal Bencik, 2021. "United in diversity: Labor markets in the CEE countries," Working and Discussion Papers WP 2/2021, Research Department, National Bank of Slovakia.
• C. Palomino, Juan & G. Rodríguez, Juan & Sebastian, Raquel, 2020. "Wage inequality and poverty effects of lockdown and social distancing in Europe," INET Oxford Working Papers 2020-13, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, revised Jul 2020.
• Raul Anibal Feliz, 2021. "The Fed Explained: What the Central Bank Does," Reports and Studies 4860, Board of Governors of the Federal Reserve System (U.S.).
• Franky Juliano Galeano-Ramírez & Nicolás Martínez-Cortés & Carlos D. Rojas-Martínez, 2021. "Nowcasting Colombian Economic Activity: DFM and Factor-MIDAS approaches," Borradores de Economia 1168, Banco de la Republica de Colombia.
• Marouane Daoui & Bouchra Benyacoub, 2021. "Monetary Policy Shocks and Economic Growth in Morocco: A Factor-Augmented Vector Autoregression (FAVAR) Approach [Chocs de politique monétaire et croissance économique au Maroc : Une approche de ty," Post-Print hal-03277727, HAL.
• Gavresi, Despina & Litina, Anastasia, 2021. "Past Exposure to Macroeconomic Shocks and Populist Attitudes in Europe," MPRA Paper 108909, University Library of Munich, Germany.
• Benetton, Matteo & Gavazza, Alessandro & Surico, Paolo, 2021. "Mortgage pricing and monetary policy," Bank of England working papers 936, Bank of England.
• Jean-Baptiste Michau, 2021. "Understanding Secular Stagnation," Institut des Politiques Publiques hal-03321881, HAL.
• Masashige Hamano & Munechika Katayama, 2021. "Epidemics and Macroeconomic Dynamics," Working Papers e162, Tokyo Center for Economic Research.
• Martin Cesnak & Jan Klacso, 2021. "Assessing real estate prices in Slovakia - a structural approach," Working and Discussion Papers WP 3/2021, Research Department, National Bank of Slovakia.
• Bouchra Benyacoub & Marouane Daoui, 2021. "Impact des chocs de politique monétaire sur la croissance économique au Maroc : modélisation FECM," Post-Print hal-03315795, HAL.
• Annette Vissing-Jorgensen, 2021. "The Treasury Market in Spring 2020 and the Response of the Federal Reserve," NBER Working Papers 29128, National Bureau of Economic Research, Inc.
• Xu, Wenli, 2020. "A Baseline DSGE model of Climate Change for Climate Policy Analysis," MPRA Paper 109234, University Library of Munich, Germany.
• Amélie Charles & Chew Lian Chua & Olivier Darné & Sandy Suardi, 2021. "Oil Price Shocks, Real Economic Activity and Uncertainty," Post-Print hal-03284089, HAL.
• Fabrice Collard & Omar Licandro, 2021. "The Neoclassical Model and the Welfare Costs of Selection," CESifo Working Paper Series 9249, CESifo.
• Atoi, Ngozi Victor & Nwambeke, Chinedu G., 2021. "Money and Foreign Exchange Markets Dynamics in Nigeria: A Multivariate GARCH Approach," MPRA Paper 109305, University Library of Munich, Germany.
• Dietmar Fehr & Yannick Reichlin, 2021. "Status, Control Beliefs, and Risk-Taking," CESifo Working Paper Series 9253, CESifo.
• Luca Benati, 2021. "The Joint Dynamics of Money and Credit Multipliers Since the Gold Standard Era," Diskussionsschriften dp2112, Universitaet Bern, Departement Volkswirtschaft.
• Anabela Santos, 2021. "Linking the ‘Recovery and Resilience Plan’ and Smart Specialisation. The Portuguese Case," JRC Working Papers on Territorial Modelling and Analysis 2021-05, Joint Research Centre.
• Yasin Kürsat Önder & Enes Sunel, 2021. "Default of Depreciate," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 21/1023, Ghent University, Faculty of Economics and Business Administration.
• Pichler, Anton & Pangallo, Marco & del Rio-Chanona, R. Maria & Lafond, François & Farmer, J. Doyne, 2020. "In and out of lockdown: Propagation of supply and demand shocks in a dynamic input-output model," INET Oxford Working Papers 2021-18, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, revised Feb 2021.
• Lafond, François & Goldin, Ian & Koutroumpis, Pantelis & Winkler, Julian, 2021. "Why is productivity slowing down?," INET Oxford Working Papers 2021-12, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
• Pichler, Anton & Farmer, J. Doyne, 2021. "Modeling simultaneous supply and demand shocks in input-output networks," INET Oxford Working Papers 2021-05, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
• Mr. Ales Bulir & Daniel Baksa & Mr. Juan S Corrales & Andres Gonzalez & Diego Rodriguez & Dyna Heng, 2021. "Using Macroeconomic Frameworks to Analyze the Impact of COVID-19: An Application to Colombia and Cambodia," IMF Technical Notes and Manuals 2021/001, International Monetary Fund.
• Ms. Dora Benedek & Mr. Edward R Gemayel & Mr. Abdelhak S Senhadji & Alexander F. Tieman, 2021. "A Post-Pandemic Assessment of the Sustainable Development Goals," IMF Staff Discussion Notes 2021/003, International Monetary Fund.
• Tiago Cavalcanti & Zeina Hasna & Cezar Santos, 2021. "Climate Change Mitigation Policies: Aggregate and Distributional Effects," Working Papers EPRG2104, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
• Байкулаков Шалкар // Baikulakov Shalkar & Белгибаев Зангар // Belgibayev Zanggar, 2021. "Анализ рисков потребительских кредитов с помощью алгоритмов машинного обучения // Consumer credit risk analysis via machine learning algorithms," Working Papers #2021-4, National Bank of Kazakhstan.
• Gebrehiwot, Berihu Assefa & Gebreeyesus, Mulu & Weldesilassie, Alebel Bayrau, 2020. "Chinese Investment in Ethiopia: Contribution, Challenges, Opportunities and Policy Recommendations," MPRA Paper 109166, University Library of Munich, Germany.
• Shahid Mehmood, 2021. "The Economic Consequences of Pandemics," PIDE-Working Papers 2021:5, Pakistan Institute of Development Economics.
• Paul Ho, 2021. "Forecasting in the Absence of Precedent," Working Paper 21-10, Federal Reserve Bank of Richmond.
• Sudiksha Joshi, 2021. "Dimensionality Reduction and State Space Systems: Forecasting the US Treasury Yields Using Frequentist and Bayesian VARs," Papers 2108.06553, arXiv.org.
• Pallavi Choudhuri, 2021. "India’s Employment Challenges and the Demand for Skills," NCAER Working Papers 121, National Council of Applied Economic Research.
• Pichler, Anton & Pangallo, Marco & del Rio-Chanona, R. Maria & Lafond, François & Farmer, J. Doyne, 2020. "Production networks and epidemic spreading: How to restart the UK economy?," INET Oxford Working Papers 2020-12, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
• Arezki, Rabah & Djankov, Simeon & Nguyen, Ha & Yotzov, Ivan, 2021. "Reversal of Fortune for Political Incumbents: Evidence from Oil Shocks," CAGE Online Working Paper Series 572, Competitive Advantage in the Global Economy (CAGE).
• Alexander Karsay, 2021. "Fates of indebted households during the Corona crisis: Survey results from Slovakia," Working and Discussion Papers WP 1/2021, Research Department, National Bank of Slovakia.
• Goyal, Ananya & Pandey, Radhika & Sane, Renuka, 2021. "Consumption baskets of Indian households: Comparing estimates from the CPI, CES and CPHS," Working Papers 21/343, National Institute of Public Finance and Policy.
• Catelén, Ana Laura, 2020. "Growth constraints and external vulnerability in Argentina," Nülan. Deposited Documents 3471, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
• Ashish Kumar Sedai & Tooraj Jamasb & Rabindra Nepal & Ray Miller, 2021. "Electrification and Welfare for the Marginalized: Evidence from India," Working Papers EPRG2101, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
• Nadeem Ul Haque & Raja Rafi Ullah, 2020. "Estimating the Footprint of Government on the Economy," PIDE-Working Papers 2020:26, Pakistan Institute of Development Economics.
• Bronka, Patryk & Collado, Diego & Richiardi, Matteo, 2020. "The Covid-19 Crisis Response Helps the Poor: The Distributional and Budgetary Consequences of the UK lock-down," INET Oxford Working Papers 2020-17, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
• Michael T. Kiley, 2021. "Growth at Risk From Climate Change," Finance and Economics Discussion Series 2021-054, Board of Governors of the Federal Reserve System (U.S.).
• Nathaniel Debono, "undated". "Malta’s Governance Framework: Insights from International Governance Indicators," CBM Policy Papers PP/04/2021, Central Bank of Malta.
• International Monetary Fund, 2021. "How to Assess Country Risk: The Vulnerability Exercise Approach Using Machine Learning," IMF Technical Notes and Manuals 2021/003, International Monetary Fund.
• Vines, David, 2021. "Towards resilient health systems: New institutions, an invigorated civil society, and global cooperation," INET Oxford Working Papers 2021-15, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
• Peter van de Ven, 2021. "Developing thematic satellite accounts: The example of a thematic satellite account for transport," OECD Statistics Working Papers 2021/02, OECD Publishing.