Report NEP-MAC-2021-12-13

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:

• Gorodnichenko, Yuriy & Sergeyev, Dmitriy, 2021. "Zero Lower Bound on Inflation Expectations," IZA Discussion Papers 14853, Institute of Labor Economics (IZA).
• Hervé Le Bihan & Magali Marx & Julien Matheron, 2021. "Inflation tolerance ranges in the new keynesian model," Working Papers 2142, Banco de España.
• Sangyup Choi & Junhyeok Shin & Seung Yong Yoo, 2021. "Are Government Spending Shocks Inflationary at the Zero Lower Bound? New Evidence from Daily Data," Working papers 2021rwp-189, Yonsei University, Yonsei Economics Research Institute.
• Daniel Schaefer & Carl Singleton, 2021. "The Extent of Downward Nominal Wage Rigidity: New Evidence from Payroll Data," Economics Discussion Papers em-dp2021-22, Department of Economics, University of Reading, revised 01 Dec 2022.
• Saccal, Alessandro, 2021. "Mechanical analyses and derivations of money velocity," MPRA Paper 110772, University Library of Munich, Germany.
• Jia, Pengfei, 2021. "Optimal Monetary Policy in a Small Open Economy with Non-tradable Goods," MPRA Paper 110805, University Library of Munich, Germany.
• Iancu, Aurel & Olteanu, Dan Constantin, 2021. "Politici fiscale prociclice si anticiclice, in tarile membre UE non-euro," Studii Economice 211130, Institutul National de Cercetari Economice (INCE).
• Coleman, Winnie & Nautz, Dieter, 2021. "Inflation expectations, inflation target credibility and the COVID-19 pandemic: New evidence from Germany," CFS Working Paper Series 658, Center for Financial Studies (CFS).
• Christoph Lauper & Giacomo Mangiante, 2021. "Monetary policy shocks and inflation inequality," Cahiers de Recherches Economiques du Département d'économie 21.02a, Université de Lausanne, Faculté des HEC, Département d’économie.
• Camille Cornand & Rodolphe Dos Santos Ferreira, 2021. "Central bank's stabilization and communication policies when firms have motivated overconfidence in their own information accuracy or processing," Working Papers of BETA 2021-49, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Grytten, Ola Honningdal, 2021. "Financial Instability and Banking Crises in a small open economy," Discussion Paper Series in Economics 18/2021, Norwegian School of Economics, Department of Economics.
• Chang, Yoosoon & Kwak, Boreum & Qiu, Shi, 2021. "U.S. monetary and fiscal policy regime changes and their interactions," IWH Discussion Papers 12/2021, Halle Institute for Economic Research (IWH).
• Kamila, Anshuman, 2021. "Fiscal dominance in India: An empirical estimation," Working Papers 21/359, National Institute of Public Finance and Policy.
• Jin Cao & Valeriya Dinger & Tomás Gómez & Zuzana Gric & Martin Hodula & Alejandro Jara & Ragnar Juelsrud & Karolis Liaudinskas & Simona Malovaná & Yaz Terajima, 2021. "Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates?," Staff Working Papers 21-62, Bank of Canada.
• Adjemian, Stéphane & Karamé, Frédéric & Langot, François, 2021. "Nonlinearities and Workers' Heterogeneity in Unemployment Dynamics," IZA Discussion Papers 14822, Institute of Labor Economics (IZA).
• Lutz Kilian & Xiaoqing Zhou, 2021. "The Impact of Rising Oil Prices on U.S. Inflation and Inflation Expectations in 2020-23," Working Papers 2116, Federal Reserve Bank of Dallas.
• Adrien Bilal & Niklas Engbom & Simon Mongey & Giovanni L. Violante, 2021. "Labor Market Dynamics When Ideas are Harder to Find," NBER Working Papers 29479, National Bureau of Economic Research, Inc.
• Kilian, Lutz & Nomikos, Nikos K. & Zhou, Xiaoqing, 2021. "Container trade and the U.S. recovery," CFS Working Paper Series 659, Center for Financial Studies (CFS).
• Krishnamurthy, Arvind & Li, Wenhao, 2021. "The Demand for Money, Near-Money, and Treasury Bonds," Research Papers 3991, Stanford University, Graduate School of Business.
• Marek Weretka, 2021. "An ordinal theorem of the maximum," GRAPE Working Papers 61, GRAPE Group for Research in Applied Economics.
• Effrosyni Adamopoulou & Marta De Philippis & Enrico Sette & Eliana Viviano, 2020. "The Long-Term Earnings’ Effects of a Credit Market Disruption," CRC TR 224 Discussion Paper Series crctr224_2021_169v2, University of Bonn and University of Mannheim, Germany.
• Peter Andre & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Narratives about the Macroeconomy," CEBI working paper series 21-18, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
• Aditya Aladangady & Etienne Gagnon & Benjamin K. Johannsen & William B. Peterman, 2021. "Macroeconomic Implications of Inequality and Income Risk," Finance and Economics Discussion Series 2021-073, Board of Governors of the Federal Reserve System (U.S.).
• Ray, Sourav & Snir, Avichai & Levy, Daniel, 2021. "Retail Pricing Format and Rigidity of Regular Prices," MPRA Paper 110818, University Library of Munich, Germany.
• Effrosyni Adamopoulou & Marta De Philippis & Enrico Sette & Eliana Viviano, 2020. "The Long Run Earnings Effects of a Credit Market Disruption," CRC TR 224 Discussion Paper Series crctr224_2020_169v1, University of Bonn and University of Mannheim, Germany.
• Raphael Auer & Jon Frost & Michael Junho Lee & Antoine Martin & Neha Narula, 2021. "Why Central Bank Digital Currencies?," Liberty Street Economics 20211201, Federal Reserve Bank of New York.
• Ademmer, Martin & Boysen-Hogrefe, Jens & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Meuchelböck, Saskia & Stolzenburg, Ulrich, 2021. "German Economy Autumn 2021 - Protracted catching-up process," Open Access Publications from Kiel Institute for the World Economy 246847, Kiel Institute for the World Economy (IfW).
• Aya Achour & Mr. Aleš Bulíř & Omar Chafik & Adam Remo, 2021. "The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios," IMF Working Papers 2021/122, International Monetary Fund.
• Yongchen Zhao, 2021. "Uncertainty and Disagreement of Inflation Expectations: Evidence from Household-Level Qualitative Survey Responses," Working Papers 2021-03, Towson University, Department of Economics, revised Dec 2021.
• Dean Parker & Moritz Schularick, 2021. "The Term Spread as a Predictor of Financial Instability," Liberty Street Economics 20211124, Federal Reserve Bank of New York.
• Asier Aguilera-Bravo & Miguel Casares & Hashmat Khan, 2021. "Did US Business Dynamism Recover in the 2010s?," Carleton Economic Papers 21-03, Carleton University, Department of Economics, revised 20 Dec 2021.
• Christophe Blot & Paul Hubert, 2019. "Has the ECB lost its mind?," Post-Print hal-03403620, HAL.
• Cecchetti, Stephen G. & Javier.Suarez, 2021. "On the stance of macroprudential policy," Report of the Advisory Scientific Committee 11, European Systemic Risk Board.
• Saungweme, Talknice & Odhiambo, Nicholas M, 2021. "Does public debt granger-cause inflation? A multivariate analysis," Working Papers 28342, University of South Africa, Department of Economics.
• Tansel, Aysit & Öztürk, Ceyhan & Erdil, Erkan, 2021. "The Impact of Body Mass Index on Growth, Schooling, Productivity, and Savings: A Cross-Country Study," IZA Discussion Papers 14727, Institute of Labor Economics (IZA).
• Yasin Kürşat Önder & Maria Alejandra Ruiz-Sanchez & Sara Restrepo-Tamayo & Mauricio Villamizar-Villegas, 2021. "Government Borrowing and Crowding Out," Borradores de Economia 1182, Banco de la Republica de Colombia.
• Christophe Blot & Bruno Ducoudre & Eric Heyer & Raul Sampognaro, 2019. "The euro area at the edge of the downturn: is there any room for manoeuvre?," Post-Print hal-03403598, HAL.
• Elsby, Michael & Smith, Jennifer C. & Wadsworth, Jonathan, 2021. "Population Growth, Immigration and Labour Market Dynamics," IZA Discussion Papers 14847, Institute of Labor Economics (IZA).
• Saungweme, Talknice & Odhiambo, Nicholas M, 2021. "Public debt and inflation dynamics: Empirical evidence from Zimbabwe," Working Papers 28343, University of South Africa, Department of Economics.
• Mr. Sohrab Rafiq, 2021. "What's in the R- Stars for Korea?," IMF Working Papers 2021/093, International Monetary Fund.
• Heiner Mikosch & Christopher Roth & Samad Sarferaz & Johannes Wohlfart, 2021. "Uncertainty and Information Acquisition: Evidence from Firms and Households," ECONtribute Discussion Papers Series 129, University of Bonn and University of Cologne, Germany.
• Pazhanisamy, R. & Selvarajan, E., 2021. "Economics of Block Chain and the Money Market Equilibrium," EconStor Preprints 247260, ZBW - Leibniz Information Centre for Economics.
• David M. Brasington & Marios Zachariadis, 2021. "Government spending and economic activity: Regression discontinuity evidence from voting on renewals of tax levies," University of Cyprus Working Papers in Economics 06-2021, University of Cyprus Department of Economics, revised 06 Dec 2020.
• Bańnkowska, Katarzyna & Borlescu, Ana Maria & Charalambakis, Evangelos & Da Silva, António Dias & Di Laurea, Davide & Dossche, Maarten & Georgarakos, Dimitris & Honkkila, Juha & Kennedy, Neale & Kenny, 2021. "ECB Consumer Expectations Survey: an overview and first evaluation," Occasional Paper Series 287, European Central Bank.
• Kea BARET, 2021. "Fiscal rules’ compliance and Social Welfare," Working Papers of BETA 2021-50, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Ms. Sally Chen & Katsiaryna Svirydzenka, 2021. "Financial Cycles – Early Warning Indicators of Banking Crises?," IMF Working Papers 2021/116, International Monetary Fund.
• Bruno Ducoudre & Paul Hubert & Guilhem Tabarly, 2020. "The state-dependence of output revisions," Post-Print hal-03403017, HAL.
• Thibaud Cargoet & Simon Cornée & Franck Martin & Tovonony Razafindrabe & Fabien Rondeau & Christophe Tavéra, 2021. "A Dual Banking Sector With Credit Unions and Traditional Banks : What Implications on Macroeconomic Performances?," Economics Working Paper Archive (University of Rennes & University of Caen) 2021-03, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
• Kapeller, Jakob & Leitch, Stuart & Wildauer, Rafae, 2021. "Is a €10 trillion European climate investment initiative fiscally sustainable?," ifso working paper series 16, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
• Nicolas Soenen & Rudi Vander Vennet, 2021. "Determinants of European Banks’ Default Risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 21/1033, Ghent University, Faculty of Economics and Business Administration.
• Radwanski, Juliusz, 2021. "The Equilibrium Value of Bitcoin," MPRA Paper 110746, University Library of Munich, Germany.
• Inoue, Atsushi & Kilian, Lutz, 2021. "The role of the prior in estimating VAR models with sign restrictions," CFS Working Paper Series 660, Center for Financial Studies (CFS).
• Laura Auria & Markus Bingmer & Carlos Mateo Caicedo Graciano & Clémence Charavel & Sergio Gavilá & Alessandra Iannamorelli & Aviram Levy & Alfredo Maldonado & Florian Resch & Anna Maria Rossi & Step, 2021. "Overview of central banks’ in-house credit assessment systems in the euro area," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 13, Bank of Italy, Directorate General for Markets and Payment System.
• David Chen & Christian Friedrich, 2021. "The Countercyclical Capital Buffer and International Bank Lending: Evidence from Canada," Staff Working Papers 21-61, Bank of Canada.
• Thomas McGregor, 2021. "Young Firms and Monetary Policy Transmission," IMF Working Papers 2021/063, International Monetary Fund.
• Jacques Minlend & Isabelle Cadoret & Tovonony Razafindrabe, 2021. "Uncertainty diffusion across commodity markets," Economics Working Paper Archive (University of Rennes & University of Caen) 2021-02, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
• Lucyna Gornicka & Peichu Xie, 2021. "Leakages from Macroprudential Regulations: The Case of Household-Specific Tools and Corporate Credit," IMF Working Papers 2021/113, International Monetary Fund.
• Saungweme, Talknice & Odhiambo, Nicholas M, 2021. "Inflation and economic growth in Kenya: An empirical examination," Working Papers 28344, University of South Africa, Department of Economics.
• European Fiscal Board (EFB), 2021. "2021 annual report of the European Fiscal Board," Annual reports 2021, European Fiscal Board.
• Jan J. J. Groen & Adam I. Noble, 2021. "Is Higher Financial Stress Lurking around the Corner for China?," Liberty Street Economics 20211123, Federal Reserve Bank of New York.
• Simplice A. Asongu & Nathanael Ojong & Valentine B. Soumtang, 2021. "Central Banks’ responses to the Covid-19 pandemic: The case of the Bank of Central African States," Working Papers 21/076, European Xtramile Centre of African Studies (EXCAS).
• Gianni La Cava, 2021. "Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment," RBA Research Discussion Papers rdp2021-11, Reserve Bank of Australia.
• Drydakis, Nick, 2021. "The Economics of Being LGBT. A Review: 2015-2020," IZA Discussion Papers 14845, Institute of Labor Economics (IZA).
• François Blondeau & Christophe Planas & Alessandro Rossi, 2021. "Output Gap Estimation Using the European Union's Commonly Agreed Methodology Vade Mecum & Manual for the EUCAM Software," European Economy - Discussion Papers 148, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Vats, Nishant & Kundu, Shohini, 2021. "Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations," ESRB Working Paper Series 128, European Systemic Risk Board.
• Mr. Andrew J Swiston, 2021. "Korea’s Growth Prospects: Overcoming Demographics and COVID-19," IMF Working Papers 2021/092, International Monetary Fund.
• James B. Bullard, 2021. "Bullard Discusses U.S. Economy with District Business Leaders," Speech 93417, Federal Reserve Bank of St. Louis.
• Victor Duarte Lledo & Mr. Roberto Perrelli, 2021. "SDG Financing Options in Rwanda: A Post-Pandemic Assessment," IMF Working Papers 2021/115, International Monetary Fund.
• Giselle Montamat & Mr. Francisco Roch, 2021. "Robust Optimal Macroprudential Policy," IMF Working Papers 2021/055, International Monetary Fund.
• Paul Malliet & Frédéric Reynés & Gissela Landa & Meriem Hamdi-Cherif & Aurélien Saussay, 2020. "Assessing Short‑Term and Long‑Term Economic and Environmental Effects of the COVID‑19 Crisis in France," Post-Print hal-03403038, HAL.
• Boysen-Hogrefe, Jens & Groll, Dominik & Hauber, Philipp & Kooths, Stefan & Stolzenburg, Ulrich, 2021. "Euroraum im Herbst 2021 - Erholung noch mit Sand im Getriebe [Euro Area Autumn 2021 - Recovery temporarily at slower pace]," Open Access Publications from Kiel Institute for the World Economy 246844, Kiel Institute for the World Economy (IfW).
• Boysen-Hogrefe, Jens & Groll, Dominik & Hauber, Philipp & Kooths, Stefan & Stolzenburg, Ulrich, 2021. "Euroraum im Herbst 2021 - Erholung noch mit Sand im Getriebe [Euro Area Autumn 2021 - Recovery temporarily at slower pace]," Kieler Konjunkturberichte 82, Kiel Institute for the World Economy (IfW Kiel).
• Daniel Levy & Avichai Snir & Sourav Ray, 2021. "Retail Pricing Format and Rigidity of Regular Prices," Working Papers 2021-02, Bar-Ilan University, Department of Economics.
• Kozo Ueda & Kota Watanabe & Tsutomu Watanabe, 2021. "Household Inventory, Temporary Sales, and Price Indices," CARF F-Series CARF-F-520, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
• Mukherjee, Sacchidananda, 2021. "Revenue Implications of GST Rates Restructuring in India: An Analysis," Working Papers 21/358, National Institute of Public Finance and Policy.
• Michael Kremer & Jack Willis & Yang You, 2021. "Converging to Convergence," NBER Working Papers 29484, National Bureau of Economic Research, Inc.
• Maksym Ivanyna & Andrea Salerno, 2021. "Governance for Inclusive Growth," IMF Working Papers 2021/098, International Monetary Fund.
• Daly, Stephen & Hughson, Helen & Loutzenhiser, Glen, 2021. "Valuation for the purposes of a wealth tax," LSE Research Online Documents on Economics 112696, London School of Economics and Political Science, LSE Library.
• Ademmer, Martin & Boysen-Hogrefe, Jens & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Meuchelböck, Saskia & Stolzenburg, Ulrich, 2021. "Deutsche Wirtschaft im Herbst 2021 - Delle im Aufholprozess [German Economy Autumn 2021 - Protracted catching-up process]," Open Access Publications from Kiel Institute for the World Economy 246845, Kiel Institute for the World Economy (IfW).
• Mr. Simon Johnson & Ms. Priscilla S Muthoora, 2021. "The Political Economy of Inclusive Growth: A Review," IMF Working Papers 2021/082, International Monetary Fund.
• Jiang, Zhengyang & Lustig, Hanno & Van Nieuwerburgh, Stijn & Xiaolan, Mindy Z., 2021. "Bond Convenience Yields in the Eurozone Currency Union," Research Papers 3976, Stanford University, Graduate School of Business.
• Mr. Francisco Roch & Francisco Roldán, 2021. "Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt," IMF Working Papers 2021/076, International Monetary Fund.
• Bindseil, Ulrich & Panetta, Fabio & Terol, Ignacio, 2021. "Central Bank Digital Currency: functional scope, pricing and controls," Occasional Paper Series 286, European Central Bank.
• D'ANDRIA Diego & DEBACKER Jason & EVANS Richard W. & PYCROFT Jonathan & ZACHLOD-JELEC Magdalena, 2021. "Taxing income or consumption: macroeconomic and distributional effects for Italy," JRC Working Papers on Taxation & Structural Reforms 2021-13, Joint Research Centre.
• Klaus-Peter Hellwig, 2021. "Supply and Demand Effects of Unemployment Insurance Benefit Extensions: Evidence from U.S. Counties," IMF Working Papers 2021/070, International Monetary Fund.
• Paul Schreyer, 2021. "Framing Measurement Beyond GDP," CEPA Working Papers Series WP172021, School of Economics, University of Queensland, Australia.
• Mr. Francisco F. Vazquez, 2021. "Credit Reversals," IMF Working Papers 2021/103, International Monetary Fund.
• Xavier Ragot & Ricardo Pinois, 2019. "Public debt and the world financial market," Post-Print hal-03403641, HAL.
• Amr Hosny, 2021. "The Sooner (and the Smarter), the Better: COVID-19 Containment Measures and Fiscal Responses," IMF Working Papers 2021/065, International Monetary Fund.