Report NEP-MAC-2021-11-22

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:

• Ruediger Bachmann & Benjamin Born & Olga Goldfayn-Frank & Georgi Kocharkov & Ralph Luetticke & Michael Weber & Michael Weber, 2021. "A Temporary VAT Cut as Unconventional Fiscal Policy," CESifo Working Paper Series 9399, CESifo.
• Ruediger Bachmann & Benjamin Born & Olga Goldfayn-Frank & Georgi Kocharkov & Ralph Luetticke & Michael Weber, 2021. "A Temporary VAT Cut as Unconventional Fiscal Policy," NBER Working Papers 29442, National Bureau of Economic Research, Inc.
• Adrian Penalver & Daniele Siena, 2021. "The Deflationary Bias of the ZLB and the FED’s Strategic Response," Working papers 843, Banque de France.
• Bernard Dumas & Paul Ehling & Chunyu Yang, 2021. "The Debt Capacity of a Government," NBER Working Papers 29434, National Bureau of Economic Research, Inc.
• Riccardo De Bonis & Giuseppe Ferrero, 2021. "O Tell Me The Truth About Central Bank Digital Currency," Mo.Fi.R. Working Papers 170, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
• Angela Abbate & Dominik Thaler, 2021. "Optimal Monetary Policy with the Risk-Taking Channel," Working Papers 2137, Banco de España.
• Bianchi, Francesco & Melosi, Leonardo & Rottner, Matthias, 2021. "Hitting the elusive inflation target," Discussion Papers 40/2021, Deutsche Bundesbank.
• Mirko Abbritti & Agostino Consolo & Mr. Sebastian Weber, 2021. "Endogenous Growth, Downward Wage Rigidities and Optimal Inflation," IMF Working Papers 2021/208, International Monetary Fund.
• Marta Bañbura & Danilo Leiva-León & Jan-Oliver Menz, 2021. "Do inflation expectations improve model-based inflation Forecasts?," Working Papers 2138, Banco de España.
• Frédéric Dufourt & Lisa Kerdelhué & Océane Piétri, 2021. "Budget-neutral capital tax cuts," AMSE Working Papers 2143, Aix-Marseille School of Economics, France.
• Brand, Claus & Goy, Gavin & Lemke, Wolfgang, 2021. "Natural rate chimera and bond pricing reality," Working Paper Series 2612, European Central Bank.
• Uluc Aysun, 2021. "Identifying the external and internal drivers of exchange rate volatility in small open economies: Evidence from Jamaica," Working Papers 2021-02, University of Central Florida, Department of Economics.
• Adjemian, Stéphane & Karamé, Frédéric & Langot, François, 2021. "Nonlinearities and Workers’ Heterogeneity in Unemployment Dynamics," Dynare Working Papers 71, CEPREMAP.
• Tweneboah Senzu, Emmanuel, 2019. "Creating an effective transparent banking and financial system in Ghana to promote foreign direct investment for the private sector development," MPRA Paper 110540, University Library of Munich, Germany, revised 08 Nov 2021.
• Bosi, Stefano & Ha-Huy, Thai & Pham, Cao-Tung & Pham, Ngoc-Sang, 2021. "Ascendant altruism and asset price bubbles," MPRA Paper 110522, University Library of Munich, Germany.
• Malik Shukayev & Alexander Ueberfeldt, 2021. "Are Bank Bailouts Welfare Improving?," Staff Working Papers 21-56, Bank of Canada.
• Mr. Zhongxia Zhang, 2021. "Stock Returns and Inflation Redux: An Explanation from Monetary Policy in Advanced and Emerging Markets," IMF Working Papers 2021/219, International Monetary Fund.
• Christopher Roth & Mirko Wiederholt & Johannes Wohlfart, 2021. "The Effects of Forward Guidance: Theory with Measured Expectations," ECONtribute Discussion Papers Series 126, University of Bonn and University of Cologne, Germany.
• Máximo Camacho & María Dolores Gadea & Ana Gómez Loscos, 2021. "An automatic algorithm to date the reference cycle of the Spanish economy," Working Papers 2139, Banco de España.
• Shukayev, Malik & Ueberfeldt, Alexander, 2021. "Are Bank Bailouts Welfare Improving?," Working Papers 2021-10, University of Alberta, Department of Economics.
• Alexander Hodbod & Cars Hommes & Stefanie J. Huber & Isabelle Salle, 2021. "The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey," Staff Working Papers 21-57, Bank of Canada.
• Biagio Bossone, 2021. "Bank Money Creation and the Payments System," Working Papers PKWP2117, Post Keynesian Economics Society (PKES).
• Götz, Martin & Gozzi, Juan Carlos, 2021. "Financial integration and the co-movement of economic activity: Evidence from U.S. states," Discussion Papers 37/2021, Deutsche Bundesbank.
• Christina D. Romer & David H. Romer, 2021. "A Social Insurance Perspective on Pandemic Fiscal Policy: Implications for Unemployment Insurance and Hazard Pay," NBER Working Papers 29419, National Bureau of Economic Research, Inc.
• Erik Ens & Laurence Savoie-Chabot & Kurt See & Shu Lin Wee, 2021. "Assessing Labour Market Slack for Monetary Policy," Discussion Papers 2021-15, Bank of Canada.
• Ofori, Isaac K. & Asongu, Simplice, 2021. "ICT Diffusion, Foreign Direct Investment and Inclusive Growth in Sub-Saharan Africa," MPRA Paper 110599, University Library of Munich, Germany.
• Tischer, Johannes, 2021. "Quantitative easing, safe asset scarcity and bank lending," Discussion Papers 35/2021, Deutsche Bundesbank.
• Breitenlechner, Max & Georgiadis, Georgios & Schumann, Ben, 2021. "What goes around comes around: How large are spillbacks from US monetary policy?," Working Paper Series 2613, European Central Bank.
• Ephrem Habtemichael Redda, 2021. "South Africa`S Fiscal Outlook Amidst Covid-19 Pandemic," Proceedings of Business and Management Conferences 12613397, International Institute of Social and Economic Sciences.
• Barrero, Jose Maria & Bloom, Nicholas & Davis, Steven J., 2021. "Why Working from Home Will Stick," Research Papers 3965, Stanford University, Graduate School of Business.
• Gianni La Cava & Lydia Wang, 2021. "The Rise in Household Liquidity," RBA Research Discussion Papers rdp2021-10, Reserve Bank of Australia.
• Yannis Dafermos, 2021. "Climate change, central banking and financial supervision: beyond the risk exposure approach," Working Papers 243, Department of Economics, SOAS University of London, UK.
• Sarah Mouabbi & Jean-Paul Renne & Jean-Guillaume Sahuc, 2021. "Debt-Stabilizing Properties of GDP-Linked Securities: A Macro-Finance Perspective," Working papers 844, Banque de France.
• Janice C. Eberly & Jonathan Haskel & Paul Mizen, 2021. ""Potential Capital”, Working From Home, and Economic Resilience," NBER Working Papers 29431, National Bureau of Economic Research, Inc.
• Philipp Heimberger, 2021. "Do Higher Public Debt Levels Reduce Economic Growth?," wiiw Working Papers 211, The Vienna Institute for International Economic Studies, wiiw.
• Ruediger Bachmann & Kai Carstensen & Stefan Lautenbacher & Martin Schneider, 2021. "Uncertainty and Change: Survey Evidence of Firms' Subjective Beliefs," NBER Working Papers 29430, National Bureau of Economic Research, Inc.
• Kazuko Kano & Takashi Kano, 2021. "Welfare Costs of Exchange Rate Fluctuations: Evidence from the 1972 Okinawa Reversion," CIRJE F-Series CIRJE-F-1179, CIRJE, Faculty of Economics, University of Tokyo.
• Mr. Adolfo Barajas & Woon Gyu Choi & Ken Zhi Gan & Pierre Guérin & Samuel Mann & Manchun Wang & Yizhi Xu, 2021. "Loose Financial Conditions, Rising Leverage, and Risks to Macro-Financial Stability," IMF Working Papers 2021/222, International Monetary Fund.
• Lara Abdel Fattah & Mounir Amdaoud, 2021. "La résilience des territoires français face à la crise. Une première évaluation de l’ampleur du choc," EconomiX Working Papers 2021-30, University of Paris Nanterre, EconomiX.
• Ruipeng Liu & Rangan Gupta & Elie Bouri, 2021. "Conventional and Unconventional Monetary Policy Rate Uncertainty and Stock Market Volatility: A Forecasting Perspective," Working Papers 202178, University of Pretoria, Department of Economics.
• Ventura, Luigi, 2021. "A Note on Migration, Diversity and Economic Growth: a Replication Study of Bove and Elia (World Development, 2017)," MPRA Paper 110512, University Library of Munich, Germany.
• Bačo, Tomáš & Baumöhl, Eduard, 2021. "Socioeconomic factors and shifts in ideological orientation among political parties: Parliamentary elections in Slovakia from 1998 to 2020," EconStor Preprints 246584, ZBW - Leibniz Information Centre for Economics.
• Boddin, Dominik & Kroeger, Thilo, 2021. "Structural change revisited: The rise of manufacturing jobs in the service sector," Discussion Papers 38/2021, Deutsche Bundesbank.
• Singh, Aarti & Suda, Jacek & Zervou, Anastasia, 2021. "Heterogeneous labour market response to monetary policy: small versus large firms," Working Papers 2021-07, University of Sydney, School of Economics, revised Nov 2021.
• Carlos A. Arango-Arango & Yanneth Rocío Betancourt-García & Manuela Restrepo-Bernal & Germán Zuluaga-Giraldo, 2021. "Pagos electrónicos y uso del efectivo en los comercios colombianos 2020," Borradores de Economia 1180, Banco de la Republica de Colombia.
• Van, Germinal & Barbosa Valdiosera, Emilio, 2021. "COVID Government-Aid Programs and Wealth Creation," MPRA Paper 110565, University Library of Munich, Germany.
• Isaac K. Ofori & Christopher Quaidoo & Pamela E. Ofori, 2021. "What Drives Financial Sector Development in Africa? Insights from Machine Learning," Working Papers of the African Governance and Development Institute. 21/074, African Governance and Development Institute..
• Ehsan, Zaeem-Al, 2021. "Assessing the nexus between mobile financial service usage and inflation – evidence from Bangladesh," MPRA Paper 110528, University Library of Munich, Germany.
• Jank, Stephan & Mönch, Emanuel & Schneider, Michael, 2021. "Safe asset shortage and collateral reuse," Discussion Papers 39/2021, Deutsche Bundesbank.
• Hadrien Camatte & Guillaume Daudin & Violaine Faubert & Antoine Lalliard & Christine Rifflart, 2021. "Estimating the elasticity of consumer prices to the exchange rate: an accounting approach," Working Papers hal-03411197, HAL.
• Luigi Guiso & Massimo Morelli & Tommaso Sonno & Helios Herrera, 2021. "The Financial Drivers of Populism in Europe," EIEF Working Papers Series 2112, Einaudi Institute for Economics and Finance (EIEF), revised Sep 2021.
• An, Sungbae & Kang, Tae Soo & Kim, Kyunghun & Kang, Eunjung, 2021. "Korea's Macroprudential Policies for Capital Flows: Accomplishments and Road to Improvement," World Economy Brief 21-6, Korea Institute for International Economic Policy.
• Ojo, Marianne & Dierker, Theodore, 2021. "Towards net zero carbon emissions: carbon pricing strategies and the role of innovative technologies," MPRA Paper 110586, University Library of Munich, Germany.
• Thomas M. Eisenbach & Gregory Phelan, 2021. "How Does Market Power Affect Fire-Sale Externalities?," Liberty Street Economics 20211110, Federal Reserve Bank of New York.
• Sarah Brown & Alexandros Kontonikas & Alberto Montagnoli & Mirko Moro & Dafni Papoutsaki & Willem Sas, 2021. "Who Cares? Attitudes Towards Redistribution and Fiscal Austerity," CESifo Working Paper Series 9393, CESifo.
• Eduard Hromada, 2021. "Impacts of the COVID-19 pandemic on the residential market in Prague," Proceedings of Business and Management Conferences 12713394, International Institute of Social and Economic Sciences.
• Azam, Anahita & Hendrickx, Jef & Adriaenssens, Stef, 2021. "Estimating the Prostitution Population in the Netherlands and Belgium: A Capture-Recapture Application to Online Data," MPRA Paper 110505, University Library of Munich, Germany.
• Lee A. Craig & Julianne Treme & Thomas J. Weiss, 2021. "Licence to Dine: 007 and the Real Exchange Rate," NBER Working Papers 29415, National Bureau of Economic Research, Inc.
• Josif Gjani, 2021. "Europeanization and EU democratic conditionality process in Albania," Proceedings of Business and Management Conferences 12613391, International Institute of Social and Economic Sciences.
• Elsby, Michael W.L. & Smith, Jennifer C. & Wadsworth, Jonathan, 2021. "Population growth, immigration, and labour market dynamics," The Warwick Economics Research Paper Series (TWERPS) 1383, University of Warwick, Department of Economics.
• Klump, Rainer & Jurkat, Anne & Schneider, Florian, 2021. "Tracking the rise of robots: A survey of the IFR database and its applications," MPRA Paper 110390, University Library of Munich, Germany.