Report NEP-MAC-2021-11-01

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:

• Kremer, Manfred & Chavleishvili, Sulkhan, 2021. "Measuring Systemic Financial Stress and its Impact on the Macroeconomy," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242346, Verein für Socialpolitik / German Economic Association.
• Dietrich, Diemo & Gehrig, Thomas, 2021. "Speculative and Precautionary Demand for Liquidity in Competitive Banking Markets," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242347, Verein für Socialpolitik / German Economic Association.
• Exler, Florian & Hansak, Alexander, 2021. "Naïve Consumers and Financial Mistakes," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242359, Verein für Socialpolitik / German Economic Association.
• Asaduzzaman, Md, 2021. "Relationship between threshold level of inflation and economic growth in Bangladesh- a multivariate quadratic regression analysis," MPRA Paper 110333, University Library of Munich, Germany, revised 02 Feb 2021.
• Kamalyan, Hayk, 2021. "Phase-Dependent Monetary and Fiscal Policy," MPRA Paper 110341, University Library of Munich, Germany.
• Gianluca Benigno & Paolo Pesenti, 2021. "The International Experience of Central Bank Asset Purchases and Inflation," Liberty Street Economics 20211020, Federal Reserve Bank of New York.
• Jae Won Lee & Woong Yong Park, 2021. "Price Stickiness Heterogeneity and Equilibrium Determinacy," Working Paper Series no143, Institute of Economic Research, Seoul National University.
• Karl Whelan, 2021. "Central Banks and Inflation: Where Do We Stand and How Did We Get Here?," Working Papers 202120, School of Economics, University College Dublin.
• Kaldorf, Matthias & Wicknig, Florian, 2021. "Risky Financial Collateral, Firm Heterogeneity, and the Impact of Eligibility Requirements," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242413, Verein für Socialpolitik / German Economic Association.
• Radke, Lucas & Wicknig, Florian, 2021. "Experience-Based Heterogeneity in Expectations and Monetary Policy," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242414, Verein für Socialpolitik / German Economic Association.
• Bennani, Hamza & Burgard, Jan Pablo & Neuenkirch, Matthias, 2021. "The Financial Accelerator in the Euro Area: New Evidence Using a Mixture VAR Model," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242327, Verein für Socialpolitik / German Economic Association.
• Pagenhardt, Laura & Große Steffen, Christoph & Rieth, Malte, 2021. "Commited to Flexible Fiscal Rules," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242330, Verein für Socialpolitik / German Economic Association.
• Wacks, Johannes, 2021. "Labor Market Polarization with Hand-to-Mouth Households," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242391, Verein für Socialpolitik / German Economic Association.
• Kumhof, Michael & Rungcharoenkitkul, Phurichai & Sokol, Andrej, 2021. "How Does International Capital Flow?," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242328, Verein für Socialpolitik / German Economic Association.
• Horn, Carl-Wolfram & Fischer, Johannes J., 2021. "Does Monetary Policy Affect Mergers and Acquisitions?," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242445, Verein für Socialpolitik / German Economic Association.
• Mendicino, Caterina & Cavalcanti, Tiago & Antunes, Antonio & Peruffo, Marcel & Villamil, Anne, 2021. "Tighter Credit and Consumer Bankruptcy Insurance," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242407, Verein für Socialpolitik / German Economic Association.
• Ayushi Bajaj & Nikhil Damodaran, 2021. "Consumer Payment Choice and the Heterogeneous Impact of India’s Demonetization," Monash Economics Working Papers 2021-15, Monash University, Department of Economics.
• Maciej Stefański, 2021. "Macroeconomic Effects of Quantitative Easing Using Mid-sized Bayesian Vector Autoregressions," KAE Working Papers 2021-068, Warsaw School of Economics, Collegium of Economic Analysis.
• Hossein Hassani & Mohammad Reza Yeganegi & Rangan Gupta, 2021. "The ENSO Cycle and Forecastability of Global Inflation and Output Growth: Evidence from Standard and Mixed-Frequency Multivariate Singular Spectrum Analyses," Working Papers 202169, University of Pretoria, Department of Economics.
• Thitima Chucherd & Chanokkarn Mek-yong & Nalin Nookhwun & Passawuth Nuntnarumit & Natta Piyakarnchana & Suparit Suwanik, 2021. "Monetary and Financial Perspectives on Retail CBDC in the Thai Context," PIER Discussion Papers 152, Puey Ungphakorn Institute for Economic Research.
• Gabriel Garber & Atif R. Mian & Jacopo Ponticelli & Amir Sufi, 2021. "Consumption Smoothing or Consumption Binging? The effects of government-led consumer credit expansion in Brazil," NBER Working Papers 29386, National Bureau of Economic Research, Inc.
• Alessandro Mistretta, 2021. "Business cycle synchronization or business cycle transmission? The effect of the German slowdown on the Italian economy," Temi di discussione (Economic working papers) 1346, Bank of Italy, Economic Research and International Relations Area.
• William A. Barnett & Sohee Park, 2021. "Forecasting Inflation and Output Growth with Credit-Card-Augmented Divisia Monetary Aggregates," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202120, University of Kansas, Department of Economics, revised Oct 2021.
• Shigeto Kitano & Kenya Takaku, 2021. "Effect of Sovereign Wealth Funds in Commodity-Exporting Economies when Commodity Prices Affect Interest Spreads," Discussion Paper Series DP2021-22, Research Institute for Economics & Business Administration, Kobe University, revised Aug 2023.
• Stewen, Iryna & Hoffmann, Mathias & Stiefel, Michael, 2021. "Growing Like Germany: Local Public Debt, Local Banks, Low Private Investment," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242412, Verein für Socialpolitik / German Economic Association.
• Moritz Kuhn & Iourii Manovskii & Xincheng Qiu, 2021. "The Geography of Job Creation and Job Destruction," NBER Working Papers 29399, National Bureau of Economic Research, Inc.
• Frédérique Savignac & Erwan Gautier & Yuriy Gorodnichenko & Olivier Coibion, 2021. "Firms' Inflation Expectations: New Evidence from France," NBER Working Papers 29376, National Bureau of Economic Research, Inc.
• Dr. Romain Baeriswyl & Dr. Samuel Reynard & Alexandre Swoboda, 2021. "Retail CBDC purposes and risk transfers to the central bank," Working Papers 2021-19, Swiss National Bank.
• Manuel Amador & Javier Bianchi, 2021. "Bank Runs, Fragility, and Credit Easing," NBER Working Papers 29397, National Bureau of Economic Research, Inc.
• Shijun Gu & Chengcheng Jia, 2021. "Firm Dynamics and SOE Transformation During China’s Economic Reform," Working Papers 21-24R, Federal Reserve Bank of Cleveland, revised 18 Apr 2022.
• Callum J. Jones & Mariano Kulish & James Morley, 2021. "A Structural Measure of the Shadow Federal Funds Rate," Finance and Economics Discussion Series 2021-064, Board of Governors of the Federal Reserve System (U.S.).
• Michele Cantarella & Andrea Neri & Giovanna Ranalli, 2021. "Mind the wealth gap: a new allocation method to match micro and macro statistics on household wealth," Questioni di Economia e Finanza (Occasional Papers) 646, Bank of Italy, Economic Research and International Relations Area.
• Klaus Adam & Erwan Gautier & Sergio Santoro & Henning Weber, 2021. "The Case for a Positive Euro Area Inflation Target: Evidence from France, Germany and Italy," Temi di discussione (Economic working papers) 1344, Bank of Italy, Economic Research and International Relations Area.
• Pellens, Maikel & Peters, Bettina & Hud, Martin & Rammer, Christian & Licht, Georg, 2021. "Public R&D Investment in Economic Crises," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242467, Verein für Socialpolitik / German Economic Association.
• Maneerat Gongsiang & Pongpitch Amatyakul, 2021. "Inflation at Risk in Thailand," PIER Discussion Papers 151, Puey Ungphakorn Institute for Economic Research.
• Mariano Graziano & David Loschiavo, 2021. "Liquidity-poor households in the midst of the Covid-19 pandemic," Questioni di Economia e Finanza (Occasional Papers) 642, Bank of Italy, Economic Research and International Relations Area.
• Matthew Smith & Danny Yagan & Owen M. Zidar & Eric Zwick, 2021. "The Rise of Pass-Throughs and the Decline of the Labor Share," NBER Working Papers 29400, National Bureau of Economic Research, Inc.
• Nicola Fuchs-Schündeln & Dirk Krueger & André Kurmann & Etienne Lalé & Alexander Ludwig & Irina Popova, 2021. "The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures," NBER Working Papers 29398, National Bureau of Economic Research, Inc.
• Alfonso Rosolia, 2021. "Does information about current inflation affect expectations and decisions? Another look at Italian firms," Temi di discussione (Economic working papers) 1353, Bank of Italy, Economic Research and International Relations Area.
• Robert J. Hill & Alicia N. Rambaldi, 2021. "Hedonic Models and House Price Index Numbers," CEPA Working Papers Series WP152021, School of Economics, University of Queensland, Australia.
• Edward N. Wolff, 2021. "Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S.: Is the Fed Responsible?," NBER Working Papers 29392, National Bureau of Economic Research, Inc.
• Hyeyoon Jung, 2021. "Real Consequences of Shocks to Intermediaries Supplying Corporate Hedging Instruments," Staff Reports 989, Federal Reserve Bank of New York.
• Cardani, Roberta & Croitorov, Olga & Giovannini, Massimo & Pfeiffer, Philipp & Ratto, Marco & Vogel, Lukas, 2021. "The Euro Area's pandemic recession: A DSGE interpretation," JRC Working Papers in Economics and Finance 2021-10, Joint Research Centre, European Commission.
• International Monetary Fund, 2021. "Republic of Congo: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Congo," IMF Staff Country Reports 2021/225, International Monetary Fund.
• Nuttanan Wichitaksorn, 2020. "Analyzing and Forecasting Thai Macroeconomic Data using Mixed-Frequency Approach," PIER Discussion Papers 146, Puey Ungphakorn Institute for Economic Research.
• Luisa Corrado & Stefano Grassi & Aldo Paolillo, 2021. "Identifying Economic Shocks in a Rare Disaster Environment," CEIS Research Paper 517, Tor Vergata University, CEIS, revised 18 Jul 2024.
• Lorenzo Di Domenico, 2021. "Multiplicity and not necessarily heterogeneity: implications for the long-run degree of capacity utilization," Working Papers PKWP2116, Post Keynesian Economics Society (PKES).
• James B. Bullard, 2021. "U.S. Monetary Policy: A New Risk," Speech 93226, Federal Reserve Bank of St. Louis.
• Vincenzo Mariani, 2021. "Ageing and expenditure of Italian households," Questioni di Economia e Finanza (Occasional Papers) 638, Bank of Italy, Economic Research and International Relations Area.
• James B. Bullard, 2021. "Bullard Discusses Inflation, the Labor Market and Monetary Policy during OMFIF Event," Speech 93225, Federal Reserve Bank of St. Louis.
• International Monetary Fund, 2021. "Ecuador: 2021 Article IV Consultation, Second and Third Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Fin," IMF Staff Country Reports 2021/228, International Monetary Fund.
• James B. Bullard, 2021. "Bullard Speaks about Inflation Risk and Delta Variant Effect on Growth at a Research Conference," Speech 93231, Federal Reserve Bank of St. Louis.
• Gavresi, Despina & Litina, Anastasia, 2021. "Past Exposure to Macroeconomic Shocks and Populist Attitudes in Europe," MPRA Paper 110215, University Library of Munich, Germany.
• Matthew Smith & Owen M. Zidar & Eric Zwick, 2021. "Top Wealth in America: New Estimates and Implications for Taxing the Rich," NBER Working Papers 29374, National Bureau of Economic Research, Inc.
• Minetti, Raoul & Murro, Pierluigi & Rowe, Nicholas, 2021. "When Does Finance Help Trade? Banking Structures and Export in the Macroeconomy," Working Papers 2021-3, Michigan State University, Department of Economics.
• Thomas Kroen & Ernest Liu & Atif R. Mian & Amir Sufi, 2021. "Falling Rates and Rising Superstars," NBER Working Papers 29368, National Bureau of Economic Research, Inc.
• Mondolo, Jasmine, 2021. "Macroeconomic dynamics and the role of market power. The case of Italy," MPRA Paper 110172, University Library of Munich, Germany, revised 05 Oct 2021.
• Massimiliano Affinito & Fabiana Sabatini & Massimiliano Stacchini, 2021. "Collateral in bank lending during the financial crises:a borrower and a lender story," Temi di discussione (Economic working papers) 1352, Bank of Italy, Economic Research and International Relations Area.
• Matthew Higgins & Thomas Klitgaard, 2021. "How Much Have Consumers Spent on Imports during the Pandemic?," Liberty Street Economics 20211022, Federal Reserve Bank of New York.
• International Monetary Fund, 2021. "Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil," IMF Staff Country Reports 2021/217, International Monetary Fund.
• Cherbonnier, Frédéric, 2021. "Optimal insurance for time-inconsistent agents," IAST Working Papers 21-123, Institute for Advanced Study in Toulouse (IAST).
• Cherbonnier, Frédéric, 2021. "Optimal insurance for time-inconsistent agents," TSE Working Papers 21-1256, Toulouse School of Economics (TSE).
• Oguzhan Cepni & Hardik A. Marfatia & Rangan Gupta, 2021. "The Time-Varying Impact of Uncertainty Shocks on the Comovement of Regional Housing Prices of the United Kingdom," Working Papers 202168, University of Pretoria, Department of Economics.
• Randal K. Quarles, 2021. "How Long is Too Long? How High is Too High?: Managing Recent Inflation Developments within the FOMC’s Monetary Policy Framework: a speech at the 2021 Milken Institute Global Conference "Charting ," Speech 93263, Board of Governors of the Federal Reserve System (U.S.).
• Michele Giammatteo & Stefano Iezzi & Roberta Zizza, 2021. "Pecunia olet. Cash usage and the underground economy," Questioni di Economia e Finanza (Occasional Papers) 649, Bank of Italy, Economic Research and International Relations Area.
• Arthur Jacobs & Freddy Heylen, 2021. "Demographic change, secular stagnation and inequality: automation as a blessing?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 21/1030, Ghent University, Faculty of Economics and Business Administration.
• Qiao, Elizabeth, 2021. "A Bibliography of Free Banking Scholarship (2021)," Studies in Applied Economics 193, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
• Nicola Amendola & Lorenzo Carbonari & Leo Ferraris, 2021. "Three Liquid Assets," CEIS Research Paper 516, Tor Vergata University, CEIS, revised 14 Oct 2021.
• James B. Bullard, 2021. "Bullard Discusses Inflation Risks to the Upside during a Forum," Speech 93233, Federal Reserve Bank of St. Louis.
• Alain Raybaut, 2021. "A first French episode in the renewal of nonlinear theory of economic cycles," Post-Print hal-03375804, HAL.
• James B. Bullard, 2021. "The Nexus Between Inequality and Monetary Policy," Speech 93227, Federal Reserve Bank of St. Louis.
• International Monetary Fund, 2021. "Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization," IMF Staff Country Reports 2021/220, International Monetary Fund.
• Jaison R. Abel & Jason Bram & Richard Deitz & Jessica Lu, 2021. "Severe Supply Disruptions Are Impeding Business Activity in the Region," Liberty Street Economics 20211021, Federal Reserve Bank of New York.
• Corina Boar & Danial Lashkari, 2021. "Occupational Choice and the Intergenerational Mobility of Welfare," NBER Working Papers 29381, National Bureau of Economic Research, Inc.
• Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2021. "Firm Entry and Exit and Aggregate Growth," Globalization Institute Working Papers 411, Federal Reserve Bank of Dallas.
• International Monetary Fund, 2021. "Republic of Equatorial Guinea: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director," IMF Staff Country Reports 2021/219, International Monetary Fund.
• James B. Bullard, 2021. "U.S. Macroeconomic Performance during the Pandemic with Three Topics for Future Research," Speech 93229, Federal Reserve Bank of St. Louis.
• Luca Rossi, 2021. "Revisiting the Case for a Fiscal Union: the Federal Fiscal Channel of Downside-Risk Sharing in the United States," Temi di discussione (Economic working papers) 1351, Bank of Italy, Economic Research and International Relations Area.
• Asaduzzaman, Md, 2019. "FDI as an Opportunity for Economic growth of Bangladesh: A VECM Analysis," MPRA Paper 110328, University Library of Munich, Germany, revised 05 Dec 2019.
• Dräger, Lena & Bui, Dzung & Nghiem, Giang & Hayo, Bernd, 2021. "Consumer Sentiment During the COVID-19 Pandemic," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242375, Verein für Socialpolitik / German Economic Association.
• An, Sungbae & Kang, Tae Soo & Kim, Kyunghun & Kang, Eunjung, 2020. "대외부문 거시건전성 정책 10년의 성과와 개선방안 (Korea's Macroprudential Policies for Cross-Border Capital Flows: Accomplishments and Road to Improvement)," Policy Analyses 20-18, Korea Institute for International Economic Policy.
• Jose Luis Oreiro & Vitor Antonio Ferreira Dotta & João Pedro Heringer Machado, 2021. "Uneven Development in a Kaldor-Pasinetti-Verspagen Model of Growth and Distribution," Working Papers PKWP2115, Post Keynesian Economics Society (PKES).
• Satoshi Nakano & Kazuhiko Nishimura, 2021. "The elastic origins of tail asymmetry," Papers 2110.08612, arXiv.org, revised Jan 2023.
• James B. Bullard, 2021. "U.S. Economy Booming," Speech 93223, Federal Reserve Bank of St. Louis.
• Bhattacharya, Rudrani & Bhandari, Bornali & Mundle, Sudipto, 2021. "Nowcasting India's Quarterly GDP Growth: A Factor Augmented Time-Varying Coefficient Regression Model (FA-TVCRM)," Working Papers 21/357, National Institute of Public Finance and Policy.
• David Autor & David Dorn & Gordon H. Hanson, 2021. "On the Persistence of the China Shock," NBER Working Papers 29401, National Bureau of Economic Research, Inc.
• Peter M. Solar, 2021. "China, Europe, and the Great Divergence: Further Concerns about the Historical GDP Estimates for China," Working Papers 0217, European Historical Economics Society (EHES).
• Daniel L. Greenwald & Adam Guren, 2021. "Do Credit Conditions Move House Prices?," NBER Working Papers 29391, National Bureau of Economic Research, Inc.
• David G. Blanchflower & Alex Bryson, 2021. "The Economics of Walking About and Predicting US Downturns," NBER Working Papers 29372, National Bureau of Economic Research, Inc.
• Kim, Hyosang & Yang, Da Young & Kim, Soyoung, 2021. "대외자산 수익률 결정요인 분석 (The Determinants of Return on External Assets)," Policy Reference 20-6, Korea Institute for International Economic Policy.
• F. Lagona & Fabio Padovano, 2021. "How does legislative behavior change when the country becomes democratic? The case of South Korea," Post-Print hal-03225568, HAL.
• Maria Begicheva & Alexey Zaytsev, 2021. "Bank transactions embeddings help to uncover current macroeconomics," Papers 2110.12000, arXiv.org, revised Dec 2021.
• International Monetary Fund, 2021. "Jordan: Technical Assistance Report-Fiscal Transparency Evaluation," IMF Staff Country Reports 2021/224, International Monetary Fund.
• Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2021. "Information Frictions among Firms and Households," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242376, Verein für Socialpolitik / German Economic Association.