Report NEP-MAC-2022-01-10

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:

• Eric Lonergan & Mark Blyth, 2021. "The Prudence Principle: A New Framework for Eurozone Fiscal Policy," Working Papers 6, Forum New Economy.
• Doojav, Gan-Ochir, 2021. "Macroeconomic modeling for optimal stabilization policy in Mongolia," MPRA Paper 111206, University Library of Munich, Germany.
• Jens H. E. Christensen & Mark M. Spiegel, 2021. "Central Bank Credibility During COVID-19: Evidence from Japan," Working Paper Series 2021-24, Federal Reserve Bank of San Francisco.
• Xin Sheng & Rangan Gupta, 2021. "A Note on State-Level Nonlinear Effects of Government Spending Shocks in the US: The Role of Partisan Conflict," Working Papers 202187, University of Pretoria, Department of Economics.
• Filippo Gori, 2021. "Fostering cyclical convergence in the Euro Area," OECD Economics Department Working Papers 1697, OECD Publishing.
• Abbritti, Mirko & Consolo, Agostino & Weber, Sebastian, 2021. "Endogenous growth, downward wage rigidity and optimal inflation," Working Paper Series 2635, European Central Bank.
• Doojav, Gan-Ochir, 2021. "Socio-economic recovery from the Covid-19 pandemic: Macroeconomic impacts and policy issues in Mongolia," MPRA Paper 111197, University Library of Munich, Germany.
• François Le Grand & Xavier Ragot, 2020. "Managing Inequality over Business Cycles: Optimal Policies with Heterogeneous Agents and Aggregate Shocks," SciencePo Working papers Main hal-03476095, HAL.
• Item repec:spo:wpecon:info:hdl:2441/4lhe3u3c38ojohjlcbfaupcjr is not listed on IDEAS anymore

• Kai Arvai, 2021. "The Political Economy of Currency Unions," Working papers 850, Banque de France.
• Jess Benhabib & Wei Cui & Jianjun Miao, 2021. "Capital Return Jumps and Wealth Distribution," NBER Working Papers 29544, National Bureau of Economic Research, Inc.
• Mr. Philippe D Karam & Mikhail Pranovich & Mr. Jan Vlcek, 2021. "An Extended Quarterly Projection Model: Credit Cycle, Macrofinancial Linkages and Macroprudential Measures: The Case of the Philippines," IMF Working Papers 2021/256, International Monetary Fund.
• Alexandre Carvalho & João Valle e Azevedo & Pedro Pires Ribeiro, 2021. "Permanent and temporary monetary policy shocks and the dynamics of exchange rates," Working Papers w202117, Banco de Portugal, Economics and Research Department.
• Marco Del Negro & Keshav Dogra & Laura Pilossoph, 2022. "The Effect of Inequality on the Transmission of Monetary and Fiscal Policy," Liberty Street Economics 20220107, Federal Reserve Bank of New York.
• Marco Del Negro & Keshav Dogra & Laura Pilossoph, 2022. "The Effect of Monetary and Fiscal Policy on Inequality," Liberty Street Economics 20220106, Federal Reserve Bank of New York.
• Jason Lennard & Finn Meinecke & Solomos Solomou, 2021. "Measuring Inflation Expectations in Interwar Britain," CESifo Working Paper Series 9425, CESifo.
• Chistoph Grosse-Steffen, 2021. "Anchoring of Inflation Expectations: Do Inflation Target Formulations Matter?," Working papers 852, Banque de France.
• Alkan, Berkay, 2021. "Growth and Inflation in Turkey," MPRA Paper 111227, University Library of Munich, Germany.
• Andersson, Fredrik N. G. & Kilman, Josefin, 2021. "A Study of the Romer and Romer Monetary Policy Shocks Using Revised Data," Working Papers 2021:19, Lund University, Department of Economics.
• Sergio Cesaratto, 2021. "An ECB’s Staff Narrative of Two Decades of European Central Banking: a critical review," Department of Economics University of Siena 866, Department of Economics, University of Siena.
• Michal Brzoza-Brzezina & Marcin Kolasa & Krzysztof Makarski, 2021. "Monetary Policy and COVID-19," IMF Working Papers 2021/274, International Monetary Fund.
• Bhadury, Soumya & Ghosh, Saurabh & Gopalakrishnan, Pawan, 2021. "In quest for policy 'silver bullets' towards triggering a v-shaped recovery," MPRA Paper 110905, University Library of Munich, Germany.
• James B. Bullard, 2021. "The Inflation Shock of 2021," Speech 93442, Federal Reserve Bank of St. Louis.
• Liran Einav & Peter J. Klenow & Jonathan D. Levin & Raviv Murciano-Goroff, 2021. "Customers and Retail Growth," NBER Working Papers 29561, National Bureau of Economic Research, Inc.
• Dennis Dlugosch & Selçuk Gul, 2021. "Examining the impact of debt on investment for Austrian non-financial sectors and firms," OECD Economics Department Working Papers 1695, OECD Publishing.
• Ehrmann, Michael & Holton, Sarah & Kedan, Danielle & Phelan, Gillian, 2021. "Monetary policy communication: perspectives from former policy makers at the ECB," Working Paper Series 2627, European Central Bank.
• Peter Stevens, 2021. "Stimulus, Savings, and Inflation: The Top Five Liberty Street Economics Posts of 2021," Liberty Street Economics 20211222, Federal Reserve Bank of New York.
• Roth, Steve, 2021. "Spending by Bottom-80% U.S. Households Is Persistently Greater than Income. What Funds the Deficit?," MPRA Paper 110670, University Library of Munich, Germany.
• Dmitry Gornostaev & Alexey Ponomarenko & Sergei Seleznev & Alexandra Sterkhova, 2021. "A Real-Time Historical Database of Macroeconomic Indicators for Russia," Bank of Russia Working Paper Series wps76, Bank of Russia.
• Camelia Minoiu & Rebecca Zarutskie & Andrei Zlate, 2021. "Motivating Banks to Lend? Credit Spillover Effects of the Main Street Lending Program," Finance and Economics Discussion Series 2021-078, Board of Governors of the Federal Reserve System (U.S.).
• Hernán D. Seoane, 2021. "A Model To Think About Crypto-Assets and Central Bank Digital Currency," EconPol Policy Reports 33, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
• Tsung-Hsien Li & Jan Sun, 2021. "The Payday Loan Puzzle: A Credit Scoring Explanation," CRC TR 224 Discussion Paper Series crctr224_2021_324, University of Bonn and University of Mannheim, Germany.
• Corsetti, Giancarlo & Kuester, Keith & Müller, Gernot J. & Schmidt, Sebastian, 2021. "The exchange rate insulation puzzle," Working Paper Series 2630, European Central Bank.
• Leogrande, Angelo, 2021. "The Destruction of Price-Representativeness," MPRA Paper 111224, University Library of Munich, Germany.
• Leogrande, Angelo, 2021. "The Destruction of Price-Representativeness," MPRA Paper 111239, University Library of Munich, Germany.
• Mr. Maximilien Queyranne & Daniel Baksa & Vassili Bazinas & Azhin Abdulkarim, 2021. "Morocco’s Monetary Policy Transmission in the Wake of the COVID-19 Pandemic," IMF Working Papers 2021/249, International Monetary Fund.
• Daniel H. Cooper & Christopher L. Foote & María Jose Luengo-Prado & Giovanni P. Olivei, 2021. "Population Aging and the US Labor Force Participation Rate," Current Policy Perspectives 93533, Federal Reserve Bank of Boston.
• Ryosuke Shimizu & Shohei Momoda, 2021. "Does Automation Technology increase Wage?," Discussion papers ron343, Policy Research Institute, Ministry of Finance Japan.
• Benjamin Bureau & Anne Duquerroy & Frédéric Vinas, 2021. "Activity shocks and corporate liquidity: the role of trade credit," Working papers 851, Banque de France.
• Kurmann, André & Lalé, Etienne, 2021. "School Closures and Effective In-Person Learning during COVID-19: When, Where, and for Whom," School of Economics Working Paper Series 2021-18, LeBow College of Business, Drexel University.
• Checherita-Westphal, Cristina & Stechert, Marcel, 2021. "Household saving and fiscal policy: evidence for the euro area from a thick modelling perspective," Working Paper Series 2633, European Central Bank.
• Davide Di Zio & Marco Fanari & Simone Letta & Tommaso Perez & Giovanni Secondin, 2021. "The strategic allocation and sustainability of central banks' investment," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 14, Bank of Italy, Directorate General for Markets and Payment System.
• Uwe Böwer, 2021. "A Double-Edged Sword – Can a Currency Board Help Stabilise the Lebanese Economy?," European Economy - Economic Briefs 068, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Francisco Queirós, 2021. "The Real Side of Financial Exuberance: Bubbles, Output and Productivity at the Industry Level," CSEF Working Papers 632, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
• J. Carter Braxton & Kyle F. Herkenhoff & Jonathan L. Rothbaum & Lawrence Schmidt, 2021. "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," NBER Working Papers 29567, National Bureau of Economic Research, Inc.
• Guilherme Spinato Morlin & Nikolas Passos & Riccardo Pariboni, 2021. "Growth theory and the growth model perspective: Insights from the supermultiplier," Department of Economics University of Siena 869, Department of Economics, University of Siena.
• Engbom, Niklas & Moser, Christian & Sauermann, Jan, 2021. "Firm pay dynamics," Working Paper Series 2021:21, IFAU - Institute for Evaluation of Labour Market and Education Policy.
• Victor Duarte & Julia Fonseca & Aaron S. Goodman & Jonathan A. Parker, 2021. "Simple Allocation Rules and Optimal Portfolio Choice Over the Lifecycle," NBER Working Papers 29559, National Bureau of Economic Research, Inc.
• Pedro Dias Moreira & Nicholas Kozeniauskas, 2021. "On the Cleansing Effect of Recessions and Government Policy: Evidence from Covid-19," Working Papers w202118, Banco de Portugal, Economics and Research Department.
• Andrea Deghi & Mr. Junghwan Mok & Tomohiro Tsuruga, 2021. "Commercial Real Estate and Macrofinancial Stability During COVID-19," IMF Working Papers 2021/264, International Monetary Fund.
• Pål Boug & Håvard Hungnes & Takamitsu Kurita, 2021. "The empirical modelling of house prices and debt revisited. A policy-oriented perspective," Discussion Papers 967, Statistics Norway, Research Department.
• Ferrando, Annalisa & McAdam, Peter & Petroulakis, Filippos & Vives, Xavier, 2021. "Product market structure and monetary policy: evidence from the Euro Area," Working Paper Series 2632, European Central Bank.
• Fuchs-Schündeln, Nicola & Krueger, Dirk & Kurmann, André & Lalé, Etienne & Ludwig, Alexander & Popova, Irina, 2021. "The fiscal and welfare effects of policy responses to the Covid-19 school closures," ICIR Working Paper Series 41/21, Goethe University Frankfurt, International Center for Insurance Regulation (ICIR).
• Friedrich Schneider, 2021. "Do Different Estimation Methods Lead to Implausible Differences in the Size of the Non-Observed or Shadow Economies? A Preliminary Answer," CESifo Working Paper Series 9434, CESifo.
• Degiannakis, Stavros, 2021. "Stock market as a nowcasting indicator for real investment," MPRA Paper 110914, University Library of Munich, Germany.
• Noll, Franklin & Lipkin, Andrei, 2021. "Smart Banknotes and Cryptobanknotes: Hybrid Banknotes for Central Bank Digital Currencies and Cryptocurrency Payments," MPRA Paper 110887, University Library of Munich, Germany.
• Tweneboah Senzu, Emmanuel, 2021. "Financial Inclusion: Theory and Policy guide for fragile economies," MPRA Paper 111002, University Library of Munich, Germany.
• Olkhov, Victor, 2021. "Theoretical Economics and the Second-Order Economic Theory. What is it?," MPRA Paper 110893, University Library of Munich, Germany.
• Mr. Pragyan Deb & Davide Furceri & Mr. Jonathan David Ostry & Nour Tawk & Naihan Yang, 2021. "The Effects of Fiscal Measures During COVID-19," IMF Working Papers 2021/262, International Monetary Fund.
• Jaison R. Abel & Jason Bram & Richard Deitz & Jonathan Hastings, 2021. "Just Released: A New Tool for Tracking Regional Employment Trends," Liberty Street Economics 20211217b, Federal Reserve Bank of New York.
• William Gbohoui, 2021. "Uncertainty and Public Investment Multipliers: The Role of Economic Confidence," IMF Working Papers 2021/272, International Monetary Fund.
• Jafet Baca, 2021. "Shock Symmetry and Business Cycle Synchronization: Is Monetary Unification Feasible among CAPADR Countries?," Papers 2112.02063, arXiv.org, revised Jan 2022.
• Gustavo Joaquim, 2021. "Allocation and Employment Effect of the Paycheck Protection Program," Current Policy Perspectives 93541, Federal Reserve Bank of Boston.
• Chang, Jin-Wook, 2021. "Contagion in Debt and Collateral Markets," MPRA Paper 111131, University Library of Munich, Germany.
• Zidong An & Mr. John C Bluedorn & Gabriele Ciminelli, 2021. "Okun's Law, Development, and Demographics: Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups," IMF Working Papers 2021/270, International Monetary Fund.
• Antonio Martins-Neto & Nanditha Mathew & Pierre Mohnen & Tania Treibich, 2021. "Is There Job Polarization in Developing Economies? A Review and Outlook," CESifo Working Paper Series 9444, CESifo.
• Niko Hauzenberger & Florian Huber & Massimiliano Marcellino & Nico Petz, 2021. "Gaussian Process Vector Autoregressions and Macroeconomic Uncertainty," Papers 2112.01995, arXiv.org, revised Nov 2022.
• Chou, Jenyu & Easaw, Joshy & Minford, Patrick, 2021. "Does Inattentiveness Matter for DSGE Modelling? An Empirical Investigation," Cardiff Economics Working Papers E2021/35, Cardiff University, Cardiff Business School, Economics Section.
• Li, Boyao, 2021. "Bank equity, interest payments, and credit creation under Basel III regulations," MPRA Paper 111269, University Library of Munich, Germany.
• Kajal Lahiri & Junyan Zhang & Yongchen Zhao, 2021. "Inefficiency in Social Security Trust Funds Forecasts," CESifo Working Paper Series 9415, CESifo.
• Antonio Afonso & Jose Carlos Coelho, 2021. "Fiscal and current account imbalances: the cases of Germany and Portugal," Working Papers 2021.12, International Network for Economic Research - INFER.
• Jacob Greenspon & Anna M. Stansbury & Lawrence H. Summers, 2021. "Productivity and Pay in the US and Canada," NBER Working Papers 29548, National Bureau of Economic Research, Inc.
• Patrick Grüning & Justina Banionienė & Lina Dagilienė & Michael Donadelli & Marcus Jüppner & Renatas Kizys & Kai Lessmann, 2021. "The Quadrilemma of a Small Open Circular Economy Through a Prism of the 9R Strategies," Bank of Lithuania Working Paper Series 96, Bank of Lithuania.
• Raphael A. Auer & Cyril Monnet & Hyun Song Shin, 2021. "Distributed Ledgers and the Governance of Money," CESifo Working Paper Series 9441, CESifo.
• Pauline Avril & Gregory Levieuge & Camelia Turcu, 2021. "Natural Disasters and Financial Stress: Can Macroprudential Regulation Tame Green Swans?," Working Papers 2021.13, International Network for Economic Research - INFER.
• Khaled Eltokhy & Ms. Katja Funke & Guohua Huang & Yujin Kim & Genet Zinabou, 2021. "Monitoring the Climate Impact of Fiscal Policy - Lessons from Tracking the COVID-19 Response," IMF Working Papers 2021/259, International Monetary Fund.
• Gaetano D’Adamo & Maria Bianchi & Lucia Granelli, 2021. "Digitalisation and Beyond: The COVID-19 Pandemic and Productivity Growth in G20 Countries," European Economy - Economic Briefs 067, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Kubitza, Christian & Grochola, Nicolaus & Gründl, Helmut, 2021. "Life insurance convexity," ICIR Working Paper Series 42/21, Goethe University Frankfurt, International Center for Insurance Regulation (ICIR).
• Louis Daniel Georges Brule Naudet, 2021. "The qualification of cryptocurrencies through the prism of jurisprudence: an insoluble problem for the preservation of tax interests and public order? [La qualification des monnaies cryptographique," Working Papers hal-03466173, HAL.
• Karol Mazur, 2020. "Sharing Risk to Avoid Tragedy: Informal Insurance and Irrigation in Village Economies," CSAE Working Paper Series 2020-19-02, Centre for the Study of African Economies, University of Oxford.
• Enrico Bernardini & Johnny Di Giampaolo & Ivan Faiella & Marco Fruzzetti & Simone Letta & Raffaele Loffredo & Davide Nasti, 2021. "Climate and environmental risks: measuring the exposure of investments," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 15, Bank of Italy, Directorate General for Markets and Payment System.
• Elsby, Michael W. L. & Smith, Jennifer C. & Wadsworth, Jonathan, 2021. "Population growth, immigration, and labour market dynamics," CAGE Online Working Paper Series 593, Competitive Advantage in the Global Economy (CAGE).
• Pauline AVRIL & Grégory LEVIEUGE & Camélia TURCU, 2021. "Natural Disasters and Financial Stress: Can Macroprudential Regulation Tame Green Swans?," LEO Working Papers / DR LEO 2913, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
• Heinisch, Katja & Lindner, Axel, 2021. "Economic sentiment: Disentangling private information from public knowledge," IWH Discussion Papers 15/2021, Halle Institute for Economic Research (IWH).
• Mr. Yan Carriere-Swallow & José Marzluf, 2021. "Macrofinancial Causes of Optimism in Growth Forecasts," IMF Working Papers 2021/275, International Monetary Fund.
• Camille Cornand & Paul Hubert, 2021. "Information frictions in inflation expectations among five types of economic agents," Working Papers hal-03468918, HAL.
• 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 hal-03468889, HAL.
• Carbone, Sante & Giuzio, Margherita & Kapadia, Sujit & Krämer, Johannes Sebastian & Nyholm, Ken & Vozian, Katia, 2021. "The low-carbon transition, climate commitments and firm credit risk," Working Paper Series 2631, European Central Bank.
• Cristina Badarau & Corentin Roussel, 2021. "A Theoretical Foundation for Prudential Authorities Decision Making," Working Papers 2021.11, International Network for Economic Research - INFER.