Report NEP-MAC-2021-09-06

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:

• Michał Brzoza-Brzezina & Marcin Kolasa & Krzysztof Makarski, 2021. "Monetary policy and COVID-19," KAE Working Papers 2021-067, Warsaw School of Economics, Collegium of Economic Analysis.
• Roman Horvath & Lorant Kaszab & Ales Marsal, 2021. "Interest Rate Rules, Rigidities and Inflation Risks in a Macro-Finance Model," MNB Working Papers 2021/2, Magyar Nemzeti Bank (Central Bank of Hungary).
• Pierlauro Lopez, 2021. "Welfare Implications of Asset Pricing Facts: Should Central Banks Fill Gaps or Remove Volatility?," Working Papers 21-16R, Federal Reserve Bank of Cleveland, revised 16 May 2023.
• Christian K. Wolf, 2021. "Interest Rate Cuts vs. Stimulus Payments: An Equivalence Result," NBER Working Papers 29193, National Bureau of Economic Research, Inc.
• James Bishop & Emma Greenland, 2021. "Is the Phillips Curve Still a Curve? Evidence from the Regions," RBA Research Discussion Papers rdp2021-09, Reserve Bank of Australia.
• Chrysanthopoulou, Xakousti, 2021. "Banks’ internalization effect and equilibrium," MPRA Paper 109275, University Library of Munich, Germany.
• Markus Kirchner & Malte Rieth, 2021. "Sovereign Default Risk, Macroeconomic Fluctuations and Monetary-Fiscal Stabilization," Discussion Papers of DIW Berlin 1966, DIW Berlin, German Institute for Economic Research.
• Davide Debortoli & Jordi Galí, 2021. "Idiosyncratic income risk and aggregate fluctuations," Economics Working Papers 1796, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2023.
• De Koning, Kees, 2021. "U.S. Government debts, a dangerous cocktail of borrowing, spending and inflation levels," MPRA Paper 109105, University Library of Munich, Germany.
• Athanasios Orphanides, 2021. "The Power of Central Bank Balance Sheets," IMES Discussion Paper Series 21-E-10, Institute for Monetary and Economic Studies, Bank of Japan.
• Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2021. "Intergenerational redistributive effects of monetary policy," KAE Working Papers 2021-064, Warsaw School of Economics, Collegium of Economic Analysis.
• Jan Philipp Fritsche & Lea Steininger, 2021. "Zooming in on Monetary Policy - The Labor Share and Production Dynamics of Two Million Firms," Discussion Papers of DIW Berlin 1967, DIW Berlin, German Institute for Economic Research.
• Eyno Rots & Barnabas Szekely, 2021. "A Model-Based Comparison of Macroprudential Tools," MNB Working Papers 2021/3, Magyar Nemzeti Bank (Central Bank of Hungary).
• Lucas Hafemann, 2021. "The Nexus between lockdown Shocks and Economic Uncertainty: Empirical Evidence from a VAR model," MAGKS Papers on Economics 202132, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Geraldine Dany-Knedlik & Alexander Kriwoluzky & Sandra Pasch, 2021. "Income Business Cycles," Discussion Papers of DIW Berlin 1964, DIW Berlin, German Institute for Economic Research.
• Greg Philip Hannsgen & Tai Young-Taft, 2021. "Expectational and Portfolio-Demand Shifts in a Keynesian Model of Monetary Growth Fluctuations," Working Papers PKWP2112, Post Keynesian Economics Society (PKES).
• David S. Miller, 2021. "A Monetary-Fiscal Theory of Sudden Inflations and Currency Crises," Finance and Economics Discussion Series 2021-057, Board of Governors of the Federal Reserve System (U.S.).
• Richard Jaimes, 2021. "The Dynamic Effects of Environmental and Fiscal Policy Shocks," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-39, August.
• R. Anton Braun & Daisuke Ikeda, 2021. "Monetary Policy over the Lifecycle," IMES Discussion Paper Series 21-E-09, Institute for Monetary and Economic Studies, Bank of Japan.
• Maxime Phillot & Samuel Reynard, 2021. "Monetary policy financial transmission and treasury liquidity premia," Working Papers 2021-14, Swiss National Bank.
• Giovanni Pellegrino & Efrem Castelnuovo & Giovanni Caggiano, 2021. "Uncertainty And Monetary Policy During The Great Recession," "Marco Fanno" Working Papers 0270, Dipartimento di Scienze Economiche "Marco Fanno".
• Schnabl, Gunther & Sepp, Tim, 2021. "Niedrigzinspolitik und Sparkultur in Japan: Implikationen für die Wirtschaftspolitik," Working Papers 174, University of Leipzig, Faculty of Economics and Management Science.
• Lucas Hafemann & Peter Tillmann, 2021. "Lending Standards and the Business Cycle: Evidence from Loan Survey Releases," MAGKS Papers on Economics 202131, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Kozlov, Roman, 2021. "An age-structured model for the effect of interest rate changes on consumption," Discussion Papers 2021/8, Norwegian School of Economics, Department of Business and Management Science.
• International Monetary Fund, 2021. "Romania: 2021 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2021/190, International Monetary Fund.
• LOMEMBE, Jacques & NGEWAMPADIO, Remy, 2021. "Effets Pervers Du Covid-19 Sur La Liquidite Et L’Inflation En Rdc [Covid-19 Abnormal Effects On Liquidity and Inflation In DRC]," MPRA Paper 109294, University Library of Munich, Germany.
• Philipp Pfeiffer & Janos Varga & Jan in 't Veld, 2021. "Quantifying Spillovers of Next Generation EU Investment," European Economy - Discussion Papers 144, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Matthias Burgert & Philipp Pfeiffer & Werner Roeger, 2021. "Fiscal policy in a monetary union with downward nominal wage rigidity," Working Papers 2021-16, Swiss National Bank.
• International Monetary Fund, 2021. "Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Request for Augmentation of Access, and Modification of Performance Criteria-Press Release; Staff Report; Staff S," IMF Staff Country Reports 2021/188, International Monetary Fund.
• International Monetary Fund, 2021. "Sierra Leone: Third and Fourth Reviews Under the Extended Credit Facility Arrangement, Requests for Extension and Rephasing of the Arrangement, Waivers of Nonobservance of Performance Criteria, and Fi," IMF Staff Country Reports 2021/183, International Monetary Fund.
• International Monetary Fund, 2021. "Gabon: Request for a Three-Year Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Supplementary Information, and Statement by the Executive Director for Gabon," IMF Staff Country Reports 2021/189, International Monetary Fund.
• International Monetary Fund, 2021. "Republic of Lithuania: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania," IMF Staff Country Reports 2021/192, International Monetary Fund.
• Sam Levey, 2021. "Modeling Monopoly Money: Government as the Source of the Price Level and Unemployment," Economics Working Paper Archive wp_992, Levy Economics Institute.
• Nizam, Ahmed Mehedi, 2021. "Impact of e-money on money supply: Estimation and policy implication for Bangladesh," MPRA Paper 109552, University Library of Munich, Germany.
• Luigi Bonatti & Andrea Fracasso & Roberto Tamborini, 2021. "Monetary and Fiscal Spillovers Across the Atlantic: The Role of Financial Markets," DEM Working Papers 2021/09, Department of Economics and Management.
• Jarociński, Marek, 2021. "Estimating Fed’s unconventional policy shocks," Working Paper Series 2585, European Central Bank.
• Isaac Baley & Laura Veldkamp, 2021. "Bayesian learning," Economics Working Papers 1797, Department of Economics and Business, Universitat Pompeu Fabra.
• Christl, Michael & De Poli, Silvia & Kucsera, Dénes & Lorenz, Hanno, 2021. "COVID-19 and (gender) inequality in income: the impact of discretionary policy measures in Austria," GLO Discussion Paper Series 917, Global Labor Organization (GLO).
• International Monetary Fund, 2021. "Republic of Latvia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Latvia," IMF Staff Country Reports 2021/194, International Monetary Fund.
• German Cubas & Pedro Silos & Vesa Soini, 2021. "Risk and the Misallocation of Human Capital," DETU Working Papers 2103, Department of Economics, Temple University.
• De Grauwe, Paul, 2021. "Inflation risk?," LSE Research Online Documents on Economics 111810, London School of Economics and Political Science, LSE Library.
• Benjamin Schoefer, 2021. "The Financial Channel of Wage Rigidity," NBER Working Papers 29201, National Bureau of Economic Research, Inc.
• Isaac Baley & Lars Ljungqvist & Thomas J. Sargent, 2021. "Returns to labor mobility. Layoff costs and quit turbulence," Economics Working Papers 1798, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2023.
• Azizjon Alimov, 2021. "The Impact of Government Borrowing on Corporate Acquisitions: International Evidence," Working Papers 2021-ACF-04, IESEG School of Management, revised Mar 2023.
• Solikin M. Juhro & Reza Anglingkusumo, 2020. "Dealing With the Impact of Monetary Policy in the US after the GFC: Capital Flows to the SEACEN Economies and Indonesia's Policy Experience," Working Papers WP/05/2020, Bank Indonesia.
• Bruce Fallick & John C. Haltiwanger & Erika McEntarfer & Matthew Staiger, 2021. "Job Displacement and Job Mobility: The Role of Joblessness," NBER Working Papers 29187, National Bureau of Economic Research, Inc.
• Glenn Abela & Noel Rapa, 2021. "A study on the exchange rate pass-through to consumer prices in Malta," CBM Working Papers WP/05/2021, Central Bank of Malta.
• International Monetary Fund, 2021. "Seychelles: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Seychelles," IMF Staff Country Reports 2021/184, International Monetary Fund.
• Jean-Baptiste Michau, 2021. "Understanding Secular Stagnation," Post-Print hal-03321881, HAL.
• Lei Fang & Anne Hannusch & Pedro Silos, 2021. "Luxuries, Necessities, and the Allocation of Time," DETU Working Papers 2102, Department of Economics, Temple University.
• Kozo Ueda & Kota Watanabe & Tsutomu Watanabe, 2021. "Household Inventory, Temporary Sales, and Price Indices," Working Papers on Central Bank Communication 033, University of Tokyo, Graduate School of Economics.
• Mahmood, Haider & Tanveer, Muhamamd & Ahmad, Abdul-Rahim & Furqan, Maham, 2021. "Rule of Law and Control of Corruption in Managing CO2 Emissions Issue in Pakistan," MPRA Paper 109250, University Library of Munich, Germany.
• Jacob, Jannet Farida & Chakraborty, Lekha S, 2021. "Public Finance for Children: The case of Indian State of Karnataka," MPRA Paper 109520, University Library of Munich, Germany, revised Aug 2021.
• International Monetary Fund, 2021. "Kingdom of the Netherlands—Curaçao and Sint Maarten: 2021 Article IV Consultation Discussions; Press Release and Staff Report," IMF Staff Country Reports 2021/186, International Monetary Fund.
• Suah, Jing Lian, 2020. "Uncertainty and Exchange Rates: Global Dynamics (Well, I Don't Quite Know Anymore)," MPRA Paper 109087, University Library of Munich, Germany.
• Betts, Caroline, 2021. "Accounting for Japan's Lost Score," MPRA Paper 109285, University Library of Munich, Germany.
• Rivot, Sylvie, 2021. "Reading Keynes’s policy papers through the prism of his Treatise on Probability: information, expectations and revision of probabilities in economic policy," OSF Preprints s5qp9, Center for Open Science.
• Nilsen, Øivind A. & Skuterud, Håvard & Munthe-Kaas Webster, Ingeborg, 2021. "Price Change Synchronization within and between Firms," Discussion Paper Series in Economics 15/2021, Norwegian School of Economics, Department of Economics.
• Suah, Jing Lian, 2020. "Veiled Expectations: The Heterogeneous Impact of Exchange Rate Shocks at the Sectoral-Level," MPRA Paper 109086, University Library of Munich, Germany.
• Idowu, Ayodele & Collins, Tomisin, 2021. "Modelling Disaggregated Government Expenditure and Manufacturing Sector Performance Nexus and their Influence on Economic Performance," MPRA Paper 109245, University Library of Munich, Germany.
• Acevedo, N. Alejandra & Pineda Salazar, Ramón, 2021. "Financiamiento mediante emisión monetaria en América Latina, 1960-2016," Macroeconomía del Desarrollo 47137, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
• Chakraborty, Pinaki, 2021. "COVID-19 Context and the Fifteenth Finance Commission: Balancing Fiscal Need and Macroeconomic Stability," Working Papers 21/351, National Institute of Public Finance and Policy.
• Biagio Bossone, 2021. "Global Capital, the Exchange Rate, and Policy (In)Effectiveness," Working Papers PKWP2113, Post Keynesian Economics Society (PKES).
• Valerie Vandermeulen & Werner Roeger, 2021. "Trend Capital when Goods and Capital Market Frictions Exist," European Economy - Discussion Papers 145, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Klug, Thorsten & Mayer, Eric & Schuler, Tobias, 2021. "The corporate saving glut and the current account in Germany," Working Paper Series 2586, European Central Bank.
• Calleja, Romain & Katsigianni, Eleni & Laurent, François & Kaminska, Beata & Aparicio, Carlos & Dworak, Bartosz & Garcia, Luis & Durant, Dominique & Ristori, Lucia & Kirchner, Robert & Vitellas, Dimit, 2021. "The benefits of the Legal Entity Identifier for monitoring systemic risk JEL Classification: C81, E44, G28," ESRB Occasional Paper Series 20210, European Systemic Risk Board.
• Junko Doi & Takao Fujii & Shinya Horie & Jun Iritani & Sumie Sato & Masaya Yasuoka, 2021. "Construction of an Aggregated Economy - Aggregated TFP and Price Level -," Discussion Paper Series 228, School of Economics, Kwansei Gakuin University.
• Pompeo Della Posta, & Roberto Tamborini, 2021. "The existential trilemma of EMU in a model of fiscal target zone," DEM Working Papers 2021/10, Department of Economics and Management.
• Drydakis, Nick, 2021. "Adverse Working Conditions and Immigrants' Physical Health and Depression Outcomes. A Longitudinal Study in Greece," GLO Discussion Paper Series 925, Global Labor Organization (GLO).
• Gene M. Grossman & Ezra Oberfield, 2021. "The Elusive Explanation for the Declining Labor Share," NBER Working Papers 29165, National Bureau of Economic Research, Inc.
• Alberto Palermo & Clemens Buchen, 2021. "Adverse Selection, Heterogeneous Beliefs, and Evolutionary Learning," IAAEU Discussion Papers 202103, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
• Serena Merrino, 2021. "Wage inequality under inflationtargeting in South Africa," Working Papers 11018, South African Reserve Bank.
• Jakub Rybacki & Dobromił Serwa, 2021. "What makes a successful scientist in a central bank? Evidence from the RePEc database," KAE Working Papers 2021-065, Warsaw School of Economics, Collegium of Economic Analysis.
• François Gardes, 2021. "A Solution to the estimation of an Enlarged GDP Including Domestic Production: An Estimation on Micro Data," Documents de travail du Centre d'Economie de la Sorbonne 21024, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Ferrara, Laurent & Karadimitropoulou, Aikaterini & Triantafyllou, Athanasios, 2021. "Commodity price uncertainty comovement: Does it matter for global economic growth?," Essex Finance Centre Working Papers 30945, University of Essex, Essex Business School.
• Carlos Alberto Piscarreta Pinto Ferreira, 2021. "Does Public Debt Ownership Structure Matter for a Borrowing Country?," Working Papers REM 2021/0190, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• François Gardes, 2021. "An Austrian Trade Cycle model with an Endogenous Value of Time," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03325379, HAL.
• François Gardes, 2021. "An Austrian Trade Cycle model with an Endogenous Value of Time," Post-Print halshs-03325379, HAL.
• Khouiled, Brahim & Saheb, Oualid, 2019. "جودة مؤشرات الحوكمة وأثرها في التقليل من تقلبات صافي الاستثمار الأجنبي المباشر في دول Mena للفترة 1996-2017 : مقاربة نموذج بانل الديناميكي [The quality of governance indicators and their impact in ," MPRA Paper 109308, University Library of Munich, Germany.
• Junko Koeda & Yosuke Kimura, 2021. "Government Debt Maturity in Japan: 1965 to the Present," Working Papers e163, Tokyo Center for Economic Research.
• François Gardes, 2021. "A Solution to the Estimation of an Enlarged GDP Including Domestic Production: An Estimation on Micro Data," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03325362, HAL.
• Sawada, Yasuyuki & Sumulong, Lea R., 2021. "Macroeconomic Impact of COVID-19 in Developing Asia," ADBI Working Papers 1251, Asian Development Bank Institute.
• François Gardes, 2021. "A Solution to the Estimation of an Enlarged GDP Including Domestic Production: An Estimation on Micro Data," Post-Print halshs-03325362, HAL.
• Goodness C. Aye & Christina Christou & Rangan Gupta & Christis Hassapis, 2021. "High-Frequency Contagion between Aggregate and Regional Housing Markets of the United States with Financial Assets: Evidence from Multichannel Tests," Working Papers 202159, University of Pretoria, Department of Economics.
• International Monetary Fund, 2021. "Romania: Selected Issues," IMF Staff Country Reports 2021/191, International Monetary Fund.
• Sokolovskyi, Dmytro, 2021. "Is tax competition necessarily a Race to the bottom? Optimal tax rate trajectories in the model of tax competition for different objective functions," MPRA Paper 109284, University Library of Munich, Germany.
• Lambert, Thomas, 2021. "The Baran Ratio, Investment, and British Economic Growth and Investment," MPRA Paper 109546, University Library of Munich, Germany.
• Martin Borowiecki & Jon Pareliussen & Daniela Glocker & Eun Jung Kim & Michael Polder & Iryna Rud, 2021. "The impact of digitalisation on productivity: Firm-level evidence from the Netherlands," OECD Economics Department Working Papers 1680, OECD Publishing.
• Roberto Censolo & Massimo Morelli, 2021. "Adam Smith and The Roots of Populism," Working Papers 20210610, University of Ferrara, Department of Economics.