Report NEP-MAC-2021-12-20

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.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-MAC

The following items were announced in this report:

• Zaretski, Aliaksandr, 2021. "Financial constraints, risk sharing, and optimal monetary policy," MPRA Paper 110757, University Library of Munich, Germany.
• Ian Dew-Becker & Alireza Tahbaz-Salehi & Andrea Vedolin, 2021. "Skewness and Time-Varying Second Moments in a Nonlinear Production Network: Theory and Evidence," NBER Working Papers 29499, National Bureau of Economic Research, Inc.
• Mariano Fernández, 2021. "Perturbaciones reales sobre la Cuenta Corriente. Equilibrio parcial keynesiano vs. enfoque intertemporal de la cuenta corriente," CEMA Working Papers: Serie Documentos de Trabajo. 815, Universidad del CEMA.
• Giovanni Di Bartolomeo & Paolo D'Imperio & Francesco Felici, 2021. "The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis," Working Papers in Public Economics 216, Department of Economics and Law, Sapienza University of Roma.
• Christopher D. Cotton & Vaishali Garga & Justin Rohan, 2021. "Consumption Spending during the COVID-19 Pandemic," Current Policy Perspectives 93430, Federal Reserve Bank of Boston.
• Sebastian Edwards, 2021. "Central Bank Digital Currencies and The Emerging Markets: The Currency Substitution Challenge," NBER Working Papers 29489, National Bureau of Economic Research, Inc.
• Bańkowski, Krzysztof & Christoffel, Kai & Faria, Thomas, 2021. "Assessing the fiscal-monetary policy mix in the euro area," Working Paper Series 2623, European Central Bank.
• Ozili, Peterson K, 2022. "Can central bank digital currency increase financial inclusion? Arguments for and against," MPRA Paper 110786, University Library of Munich, Germany.
• van den End, Jan Willem & Konietschke, Paul & Samarina, Anna & Stanga, Irina M., 2021. "Macroeconomic reversal rate in a low interest rate environment," Working Paper Series 2620, European Central Bank.
• Tsang, Andrew, 2021. "Uncovering Heterogeneous Regional Impacts of Chinese Monetary Policy," MPRA Paper 110703, University Library of Munich, Germany.
• Luisito Bertinelli & Olivier Cardi & Romain Restout, 2021. "Labor Market Effects of Technology Shocks Biased toward the Traded Sector," Working Papers 342990229, Lancaster University Management School, Economics Department.
• Moritz Kuhn & Iourii Manovskii & Xincheng Qiu, 2021. "The Geography of Job Creation and Job Destruction," CRC TR 224 Discussion Paper Series crctr224_2021_321, University of Bonn and University of Mannheim, Germany.
• Mr. Jan Vlcek & Mikhail Pranovich, 2020. "Quarterly Projection Model for the National Bank of Rwanda," IMF Working Papers 2020/295, International Monetary Fund.
• Kuusi, Tero & Puonti, Päivi, 2021. "Keep It Simple, Not Stupid – How to Save the EU Fiscal Framework?," ETLA Reports 120, The Research Institute of the Finnish Economy.
• Mahdi Nezafat & Ctirad Slavik, 2021. "Asset Prices and Business Cycles with Liquidity Shocks," CERGE-EI Working Papers wp711, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• E Philip Davis & Ka Kei Chan & Dilruba Karim, 2021. "Macroprudential Policy, Bank Competition and Bank Risk in East Asia," National Institute of Economic and Social Research (NIESR) Discussion Papers 533, National Institute of Economic and Social Research.
• Ojo, Marianne & Dierker, Theodore, 2021. "Monetary policy implications of deviations in inflation targeting: the need for a global cooperative, coordinated and correlated response," MPRA Paper 110935, University Library of Munich, Germany.
• Alexis Stenfors & Ioannis Chatziantoniou & David Gabauer, 2021. "The Evolution of Monetary Policy Focal Points," Working Papers in Economics & Finance 2021-10, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
• Fernando E. Alvarez & Andrea Ferrara & Erwan Gautier & Hervé Le Bihan & Francesco Lippi, 2021. "Empirical Investigation of a Sufficient Statistic for Monetary Shocks," NBER Working Papers 29490, National Bureau of Economic Research, Inc.
• William Craighead, 2021. "Exchange Rates and Monetary Policy When Tradable and Nontradable Goods are Complements," Working Papers 2021-01, Department of Economics and Geosciences, US Air Force Academy.
• Lennard, Jason & Kenny, Seán & Esteves, Rui, 2021. "The aftermath of sovereign debt crises: a narrative approach," LSE Research Online Documents on Economics 112784, London School of Economics and Political Science, LSE Library.
• Jonathan J Adams, 2021. "Firestorm: Multiplicity in Models with Full Information," Working Papers 001006, University of Florida, Department of Economics.
• Santiago Camara, 2021. "Spillovers of US Interest Rates: Monetary Policy & Information Effects," Papers 2111.08631, arXiv.org, revised Feb 2023.
• International Monetary Fund, 2021. "Mongolia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mongolia," IMF Staff Country Reports 2021/251, International Monetary Fund.
• Lee, Seungcheol & Luetticke, Ralph & Ravn, Morten O., 2021. "Financial frictions: micro vs macro volatility," Working Paper Series 2622, European Central Bank.
• Chun-Che Chi & Stephanie Schmitt-Grohé & Martín Uribe, 2021. "Optimal Bank Reserve Remuneration and Capital Control Policy," NBER Working Papers 29473, National Bureau of Economic Research, Inc.
• Skouralis, Alexandros, 2021. "The role of systemic risk spillovers in the transmission of Euro Area monetary policy," ESRB Working Paper Series 129, European Systemic Risk Board.
• Kento Yoshizawa & Kohei Maehashi & Hiroaki Yanagihara & Yoichi Kadogawa & Masakazu Inada, 2021. "Developments in Banknotes in Circulation since the Start of the Pandemic," Bank of Japan Review Series 21-E-6, Bank of Japan.
• Vegard M. Nygaard & Gajendran Raveendranathan, 2021. "The impact of U.S. employer-sponsored insurance in the 20th century," Department of Economics Working Papers 2021-11, McMaster University.
• Simon Gilchrist & Bin Wei & Vivian Z. Yue & Egon Zakrajšek, 2021. "Sovereign Risk and Financial Risk," NBER Working Papers 29501, National Bureau of Economic Research, Inc.
• Leland Farmer & Emi Nakamura & Jón Steinsson, 2021. "Learning About the Long Run," NBER Working Papers 29495, National Bureau of Economic Research, Inc.
• Hanming Fang & Xincheng Qiu, 2021. "“Golden Ages”: A Tale of the Labor Markets in China and the United States," NBER Working Papers 29523, National Bureau of Economic Research, Inc.
• International Monetary Fund, 2021. "Republic of San Marino: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of San Marino," IMF Staff Country Reports 2021/249, International Monetary Fund.
• International Monetary Fund, 2021. "Algeria: 2021 Article IV Consultation-Press Release; and Staff Report; and Statement by the Executive Director for Algeria," IMF Staff Country Reports 2021/253, International Monetary Fund.
• Mario di Serio & Matteo Fragetta & Mr. Giovanni Melina, 2021. "The Impact of r-g on the Euro-Area Government Spending Multiplier," IMF Working Papers 2021/039, International Monetary Fund.
• Chen Lian, 2021. "Mistakes in Future Consumption, High MPCs Now," NBER Working Papers 29517, National Bureau of Economic Research, Inc.
• Lindgren, Petter Y. & Presterud, Ane Ofstad, 2021. "Expanding the Norwegian Armed Forces in the Time of Corona: Benefit-Cost Analysis in the Context of High Unemployment Rate," MPRA Paper 106405, University Library of Munich, Germany.
• Rösl, Gerhard & Seitz, Franz, 2021. "Cash demand in times of crises," Weidener Diskussionspapiere 83, University of Applied Sciences Amberg-Weiden (OTH).
• Heiner Mikosch & Christopher Roth & Samad Sarferaz & Johannes Wohlfart, 2021. "Uncertainty and Information Acquisition: Evidence from Firms and Households," CEBI working paper series 21-20, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
• Mr. Pragyan Deb & Miss Sanaa Nadeem & Mr. Shanaka J Peiris, 2021. "The Transmission of External Shocks in Asia: Country Characteristics and Policy Responses," IMF Working Papers 2021/003, International Monetary Fund.
• Pinchetti, Marco & Szczepaniak, Andrzej, 2021. "Global spillovers of the Fed information effect," Bank of England working papers 952, Bank of England.
• Rafael Wildauer & Stuart Leitch & Jakob Kapeller, 2021. "Is a €10 trillion European climate investment initiative fiscally sustainable?," Working Papers PKWP2121, Post Keynesian Economics Society (PKES).
• International Monetary Fund, 2021. "Ukraine: First Review Under the Stand-By Arrangement, Requests for Extension and Rephasing of Access of the Arrangement, Waivers of Nonobservance of a Performance Criterion, Financing Assurances Revie," IMF Staff Country Reports 2021/250, International Monetary Fund.
• Dimitri B. Papadimitriou & L. Randall Wray, 2021. "Still Flying Blind after All These Years: The Federal Reserve's Continuing Experiments with Unobservables," Economics Public Policy Brief Archive ppb_156, Levy Economics Institute.
• Moutsopoulos, Michael & Pelagidis, Theodore, 2021. "Labor Taxation: Insights From The World Economic Forum Survey," MPRA Paper 110823, University Library of Munich, Germany.
• International Monetary Fund, 2021. "Guinea-Bissau: First Review Under the Staff Monitored Program," IMF Staff Country Reports 2021/252, International Monetary Fund.
• Mehmet Guncavdi & Murat Kors & Elif Ozcan Tok, 2021. "Price transmission along the Turkish poultry and beef supply chains," Working Papers 2130, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• International Monetary Fund, 2021. "Mexico: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; Staff Supplement; and Staff Report," IMF Staff Country Reports 2021/248, International Monetary Fund.
• Lilian Muchimba, 2021. "Could transaction-based financial benchmarks be susceptible to collusive behaviour?," Working Papers in Economics & Finance 2021-11, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
• Tone Smith, 2021. "Financialisation of Nature," SRE-Disc sre-disc-2021_08, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
• Philippe Bacchetta & Elena Perazzi, 2021. "CBDC as Imperfect Substitute for Bank Deposits: A Macroeconomic Perspective," Swiss Finance Institute Research Paper Series 21-81, Swiss Finance Institute.
• Mr. Peter Stella & Mr. Manmohan Singh, 2021. "Some Alternative Monetary Facts," IMF Working Papers 2021/006, International Monetary Fund.
• Weijie Luo, 2021. "Inequality and the size of US state government," Working Papers 594, ECINEQ, Society for the Study of Economic Inequality.
• Dovì, Max-Sebastian & Koester, Gerrit & Nickel, Christiane, 2021. "Addressing the endogeneity of slack in Phillips Curves," Working Paper Series 2619, European Central Bank.
• Mr. Gee Hee Hong & Ms. Deniz O Igan & Dongyeol Lee, 2021. "Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness," IMF Working Papers 2021/044, International Monetary Fund.
• Valentina Michelangeli & José-Luis Peydró & Enrico Sette, 2021. "Borrower versus bank channels in lending: Experimental- and administrative-based evidence," Economics Working Papers 1809, Department of Economics and Business, Universitat Pompeu Fabra.
• Faccia, Donata & Parker, Miles & Stracca, Livio, 2021. "Feeling the heat: extreme temperatures and price stability," Working Paper Series 2626, European Central Bank.
• Katsutoshi Takehana & Hisashi Tanizaki, 2021. "How did the Complementary Deposit Facility affect commercial bank fs demand for reserve? Empirical analysis using bank fs financial data," Discussion Papers in Economics and Business 21-17, Osaka University, Graduate School of Economics.
• Kose, M. Ayhan & Nagle, Peter & Ohnsorge, Franziska & Sugawara, Naotaka, 2021. "What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami," MPRA Paper 110897, University Library of Munich, Germany.
• Bhattacharya, Rudrani & Mundle, Sudipto, 2021. "A nowcast of 2021-22 GDP growth and forecast for 2022-23 based on a Factor Augmented Time Varying Coefficients Regression Model," Working Papers 21/361, National Institute of Public Finance and Policy.
• Bridges, Jonathan & Green, Georgina & Joy, Mark, 2021. "Credit, crises and inequality," Bank of England working papers 949, Bank of England.
• Enders, Zeno & Hünnekes, Franziska & Müller, Gernot J., 2021. "Firm expectations and economic activity," Working Paper Series 2621, European Central Bank.
• Hans Weisfeld & Mr. Irineu E de Carvalho Filho & Mr. Fabio Comelli & Rahul Giri & Klaus-Peter Hellwig & Chengyu Huang & Fei Liu & Mrs. Sandra V Lizarazo Ruiz & Alexis Meyer-Cirkel & Mr. Andrea F Presb, 2020. "Predicting Macroeconomic and Macrofinancial Stress in Low-Income Countries," IMF Working Papers 2020/289, International Monetary Fund.
• António Afonso & José Carlos Coelho, 2021. "Fiscal and current account imbalances: the cases of Germany and Portugal," Working Papers REM 2021/0208, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Francisco Roldán, 2020. "The Aggregate-Demand Doom Loop: Precautionary Motives and the Welfare Costs of Sovereign Risk," IMF Working Papers 2020/293, International Monetary Fund.
• Aye, Goodness, 2021. "Effect of Fiscal and Monetary Policies on Economic Activities in South Africa: The Role of Policy Uncertainty," 2021 Conference, August 17-31, 2021, Virtual 314953, International Association of Agricultural Economists.
• Ball, Laurence & Onken, Joern, 2021. "Hysteresis in unemployment: evidence from OECD estimates of the natural rate," Working Paper Series 2625, European Central Bank.
• Caner Ates & Dietmar Maringer, 2021. "A Parsimonious Macroeconomic ABM for Labor Market Regulations," LEM Papers Series 2021/46, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Sokol, Andrej, 2021. "Fan charts 2.0: flexible forecast distributions with expert judgement," Working Paper Series 2624, European Central Bank.
• Ibrahim Yarba, 2021. "Corporate Indebtedness and Investment: Micro Evidence of an Inverted U-Shape," Working Papers 2131, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Luciana Juvenal, 2020. "Terms-of-Trade Shocks are Not all Alike," IMF Working Papers 2020/280, International Monetary Fund.
• Francesco Furno, 2021. "The Macroeconomic Effects of Corporate Tax Reforms," Papers 2111.12799, arXiv.org.
• Philip McCann, 2021. "The fiscal implication of levelling up and UK governance devolution," Insight Papers 008, The Productivity Institute.
• Joshua C. C. Chan, 2021. "Asymmetric Conjugate Priors for Large Bayesian VARs," Papers 2111.07170, arXiv.org.
• TEKILASAYA KAVUNZU, François, 2020. "PLAN DE TRÉSORERIE DIFFÉRENT DE LA LOI DE FINANCES 2020 DE LA RDC : fondement et perspectives [CASH PLAN DIFFERENT FROM THE 2020 DRC FINANCE LAW: basis and outlook]," MPRA Paper 110795, University Library of Munich, Germany.
• Ms. Hélène Poirson, 2021. "Unconventional Monetary Policies in Emerging Markets and Frontier Countries," IMF Working Papers 2021/014, International Monetary Fund.
• Dávila, Eduardo & Walther, Ansgar, 2021. "Prudential policy with distorted beliefs," ESRB Working Paper Series 130, European Systemic Risk Board.
• Philippe Bacchetta & Margaret Davenport & Eric van Wincoop, 2021. "Can Sticky Portfolios Explain International Capital Flows and Asset Prices?," Swiss Finance Institute Research Paper Series 21-80, Swiss Finance Institute.
• Kheng, Veasna & Mckinley, Justin & Pan, Lei, 2021. "The decline of labour share in OECD and non-OECD since the 1980s," MPRA Paper 110838, University Library of Munich, Germany.
• Fakhri Hasanov & Leila Dagher, 2021. "Oil Market Shocks and Financial Instability in Asian Countries," Discussion Papers ks--2021-dp018, King Abdullah Petroleum Studies and Research Center.
• Boysen-Hogrefe, Jens & Fiedler, Salomon & Gern, Klaus-Jürgen & Groll, Dominik & Jannsen, Nils & Kooths, Stefan, 2021. "Vermögenspreise, Zinseffekte und die Robustheit der öffentlichen Finanzen in Deutschland - eine Szenario-Analyse," Kieler Beiträge zur Wirtschaftspolitik 36, Kiel Institute for the World Economy (IfW Kiel).
• Karl Naumann-Woleske & Max Sina Knicker & Michael Benzaquen & Jean-Philippe Bouchaud, 2021. "Exploration of the Parameter Space in Macroeconomic Agent-Based Models," Papers 2111.08654, arXiv.org, revised Aug 2022.
• Gabriel Felbermayr & Alexander Sandkamp, 2021. "Antidumpingzölle, Preise und China: Freihandel als Retter in der Not?," WIFO Research Briefs 12, WIFO.
• de Bresser, Jochem, 2021. "Evaluating the Accuracy of Counterfactuals The Role of Heterogeneous Expectations in Life Cycle Models," Discussion Paper 2021-034, Tilburg University, Center for Economic Research.
• Brueckner, Markus & Kang, Wensheng & Vespignani, Joaquin, 2021. "Covid-19 and Firms' Stock Price Growth: The Role of Market Capitalization," Working Papers 2021-09, University of Tasmania, Tasmanian School of Business and Economics.
• Mathew, Merlin, 2021. "Impact of Macroeconomic Policies on Agricultural Performance in India: A Vector Auto Regression Approach," 2021 Conference, August 17-31, 2021, Virtual 315158, International Association of Agricultural Economists.
• Katsutoshi Takehana & Hisashi Tanizaki, 2021. "Some issues related to the Japanese financial system raised by the amendment of Payment Act in 2020," Discussion Papers in Economics and Business 21-18, Osaka University, Graduate School of Economics.
• Blackwell, Michael, 2020. "Finance Act 2020 Notes: Section 15: loan charge not to apply to loans or quasi-loans made before 9 December 2010; Section 16: election for loan charge to be split over three tax years; Schedule 2: the," LSE Research Online Documents on Economics 106278, London School of Economics and Political Science, LSE Library.