Report NEP-MAC-2022-01-17

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:

• Alan J. Auerbach & Yuriy Gorodnichenko & Peter McCrory & Daniel Murphy, 2021. "Fiscal Multipliers in the COVID19 Recession," NBER Working Papers 29531, National Bureau of Economic Research, Inc.
• Christian K. Wolf, 2021. "The Missing Intercept: A Demand Equivalence Approach," NBER Working Papers 29558, National Bureau of Economic Research, Inc.
• Martina Cecioni & Adriana Grasso & Alessandro Notarpietro & Massimiliano Pisani, 2021. "Revisiting monetary policy objectives and strategies: international experience and challenges from the ELB," Questioni di Economia e Finanza (Occasional Papers) 660, Bank of Italy, Economic Research and International Relations Area.
• Mitra, Aruni, 2021. "The Productivity Puzzle and the Decline of Unions," MPRA Paper 110961, University Library of Munich, Germany.
• Goodhart, C. A. E. & Peiris, M. U. & Tsomocos, Dimitrios P & Wang, Xuan, 2021. "Corporate legacy debt, inflation, and the efficacy of monetary policy," LSE Research Online Documents on Economics 112955, London School of Economics and Political Science, LSE Library.
• James Dean & Scott Schuh, 2021. "Is the Taylor Rule Still an Adequate Representation of Monetary Policy in Macroeconomic Models?," Working Papers 21-05, Department of Economics, West Virginia University.
• William Gamber & James Graham & Anirudh Yadav, 2021. "Stuck at home: Housing demand during the COVID- 19 pandemic," CAMA Working Papers 2021-97, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Hinterlang, Natascha & Moyen, Stéphane & Röhe, Oke & Stähler, Nikolai, 2021. "Gauging the effects of the German COVID-19 fiscal stimulus package," Discussion Papers 43/2021, Deutsche Bundesbank.
• Lena Dräger & Michael J. Lamla & Damjan Pfajfar, 2021. "The Hidden Heterogeneity of Inflation and Interest Rate Expectations: The Role of Preferences," Working Paper Series in Economics 402, University of Lüneburg, Institute of Economics.
• Benjamin Gardner & Chiara Scotti & Clara Vega, 2021. "Words Speak as Loudly as Actions: Central Bank Communication and the Response of Equity Prices to Macroeconomic Announcements," Finance and Economics Discussion Series 2021-074, Board of Governors of the Federal Reserve System (U.S.).
• Chakraborty, Lekha S & S, Harikrishnan, 2021. "Covid 19 and Fiscal-Monetary Policy Co-ordination: Empirical Evidence from India," MPRA Paper 111230, University Library of Munich, Germany.
• Koenig, Philipp J. & Schliephake, Eva, 2021. "Bank risk-taking and impaired monetarypolicy transmission," Discussion Papers 42/2021, Deutsche Bundesbank.
• William L. Gamber, 2021. "Entry, Variable Markups, and Business Cycles," Finance and Economics Discussion Series 2021-077, Board of Governors of the Federal Reserve System (U.S.).
• Iseringhausen, Martin & Petrella, Ivan & Theodoridis, Konstantinos, 2021. "Aggregate Skewness and the Business Cycle," Cardiff Economics Working Papers E2021/30, Cardiff University, Cardiff Business School, Economics Section.
• Enrique Alberola & Carlos Cantú & Paolo Cavallino & Nikola Mirkov, 2022. "Fiscal regimes and the exchange rate," Working Papers 2022-01, Swiss National Bank.
• Ozili, Peterson K, 2021. "Central bank digital currency can lead to the collapse of cryptocurrency," MPRA Paper 111218, University Library of Munich, Germany.
• Collard, Fabrice & Boissay, Frédéric & Galì, Jordi & Manea, Cristina, 2021. "Monetary Policy and Endogenous Financial Crises," TSE Working Papers 21-1277, Toulouse School of Economics (TSE), revised Apr 2023.
• Jorge E. Galán, 2021. "CREWS: a CAMELS-based early warning system of systemic risk in the banking sector," Occasional Papers 2132, Banco de España.
• Ozili, Peterson K, 2022. "Central bank digital currency research around the World: a review of literature," MPRA Paper 111389, University Library of Munich, Germany.
• Galip Kemal Ozhan, 2021. "News-Driven International Credit Cycles," Staff Working Papers 21-66, Bank of Canada.
• Michael J. Fleming & Haoyang Liu & Rich Podjasek & Jake Schurmeier, 2021. "The Federal Reserve’s Market Functioning Purchases," Staff Reports 998, Federal Reserve Bank of New York.
• Lutz Kilian & Xiaoqing Zhou, 2021. "The Impact of Rising Oil Prices on U.S. Inflation and Inflation Expectations in 2020-23," CESifo Working Paper Series 9455, CESifo.
• Daniel H. Cooper & Giovanni P. Olivei, 2021. "High-Frequency Spending Responses to Government Transfer Payments," Working Papers 21-10, Federal Reserve Bank of Boston.
• Item repec:ocp:ppaper:pb21-29 is not listed on IDEAS anymore

• Guilherme Spinato Morlin, 2021. "Growth led by government expenditure and exports: public and external debt stability in a supermultiplier model," Department of Economics University of Siena 862, Department of Economics, University of Siena.
• Tobias Broer & Karl Harmenberg & Per Krusell & Erik Öberg, 2021. "Macroeconomic Dynamics with Rigid Wage Contracts," NBER Working Papers 29540, National Bureau of Economic Research, Inc.
• Karau, Sören, 2021. "Monetary policy and Bitcoin," Discussion Papers 41/2021, Deutsche Bundesbank.
• International Monetary Fund, 2021. "Suriname: Request for an Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Suriname," IMF Staff Country Reports 2021/280, International Monetary Fund.
• Adam Tooze, 2021. "Debating Central Bank Mandates," Working Papers 1, Forum New Economy.
• Kokkinen, Arto & Obstbaum, Meri & Mäki-Fränti, Petri, 2021. "Bank of Finland's long-run forecast framework with human capital," BoF Economics Review 10/2021, Bank of Finland.
• Ogawa, Toshiaki, 2022. "Regulating Credit Booms from Micro and Macro Perspectives," MPRA Paper 111378, University Library of Munich, Germany.
• Michael J. Lamla & Dmitri V. Vinogradov, 2021. "Is the Word of a Gentleman as Good as His Tweet? Policy communications of the Bank of England," Working Paper Series in Economics 403, University of Lüneburg, Institute of Economics.
• Parla, Fabio, 2021. "Financial Market Turbulence and Macro-Financial Developments in Ireland: a Mixed Data Sampling (MIDAS) Approach," Research Technical Papers 7/RT/21, Central Bank of Ireland.
• International Monetary Fund, 2021. "Kenya: 2021 Article IV Consultation; Second Reviews Under the Extended Arrangement Under the Extended Fund Facility and Under the Arrangement Under the Extended Credit Facility, and requests for Modif," IMF Staff Country Reports 2021/275, International Monetary Fund.
• AITOUTOUHEN, latifa, 2021. "Study of the Socio-Economic Impact of the COVID-19 Crisis in Morocco," MPRA Paper 111114, University Library of Munich, Germany, revised 15 Dec 2021.
• Effrosyni Adamopoulou & Francesco Manaresi & Omar Rachedi & Emircan Yurdagul, 2022. "Minimum Wages and Insurance Within the Firm," CRC TR 224 Discussion Paper Series crctr224_2022_326, University of Bonn and University of Mannheim, Germany.
• Byrne, David & Zekaite, Zivile, 2021. "An Overview of Inflation Developments," Economic Letters 7/EL/21, Central Bank of Ireland.
• Saygin Cevik & Dilan Teber, 2021. "The Determinants of Consumer Cash Usage in Turkey," Working Papers 2135, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Falk Bräuning & José Fillat & Gustavo Joaquim, 2021. "Corporate Finance and the Transmission of Shocks to the Real Economy," Working Papers 21-18, Federal Reserve Bank of Boston.
• Bao-We-Wal Bambe, 2021. "Inflation Targeting and Private Domestic Investment in Developing Countries," Working Papers hal-03479679, HAL.
• Frank Schorfheide & Dongho Song, 2021. "Real-Time Forecasting with a (Standard) Mixed-Frequency VAR During a Pandemic," NBER Working Papers 29535, National Bureau of Economic Research, Inc.
• Maxfield, Sean, 2021. "Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory," MPRA Paper 111152, University Library of Munich, Germany.
• Despina Gavresi & Anastasia Litina, 2021. "Past Exposure to Macroeconomic Shocks and Populist Attitudes in Europe," CESifo Working Paper Series 9451, CESifo.
• Benalal, Nicholai & Freier, Maximilian & Melyn, Wim & Van Parys, Stefan & Reiss, Lukas, 2022. "Towards a single fiscal performance indicator," Occasional Paper Series 288, European Central Bank.
• Guilherme Spinato Morlin, 2021. "Inflation and conflicting claims in the open economy," Department of Economics University of Siena 863, Department of Economics, University of Siena.
• Faisanos, Apostolos & Lydon, Reamonn, 2021. "Do households with debt cut back their consumption more in response to shocks?," Research Technical Papers 8/RT/21, Central Bank of Ireland.
• Valentin Jouvanceau, 2021. "The Effect of the Euro Changeover on Prices: Evidence from Lithuania," Bank of Lithuania Working Paper Series 93, Bank of Lithuania.
• Charles M. Kahn & Maarten van Oordt & Yu Zhu, 2021. "Best Before? Expiring Central Bank Digital Currency and Loss Recovery," Staff Working Papers 21-67, Bank of Canada.
• Bichler, Shimshon & Nitzan, Jonathan, 2021. "Steve Keen's The New Economics: A Manifesto," Working Papers on Capital as Power 2021/07, Capital As Power - Toward a New Cosmology of Capitalism.
• Ibrahim A. Adekunle & Olumuyiwa G. Yinusa & Tolulope O. Williams & Rahmon A. Folami, 2021. "On the Determinant of Financial Development in Africa: Geography, Institutions and Macroeconomic Policy Relevance," Research Africa Network Working Papers 21/054, Research Africa Network (RAN).
• Laura Auria & Markus Bingmer & Carlos Mateo Caicedo Graciano & Clémence Charavel & Sergio Gavilá & Alessandra Iannamorelli & Aviram Levy & Alfredo Maldonado & Florian Resch & Anna Maria Rossi & Stepha, 2021. "Overview of central banks’ in-house credit assessment systems in the euro area," Occasional Papers 2131, Banco de España.
• Friedrich, Benjamin & Laun, Lisa & Meghir, Costas, 2021. "Earnings dynamics of immigrants and natives in Sweden 1985–2016," Working Paper Series 2021:15, IFAU - Institute for Evaluation of Labour Market and Education Policy.
• John Carter Braxton & Kyle F. Herkenhoff & Jonathan Rothbaum & Lawrence Schmidt, 2021. "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," Opportunity and Inclusive Growth Institute Working Papers 55, Federal Reserve Bank of Minneapolis.
• Gustavo Joaquim & Felipe Netto, 2021. "Bank Incentives and the Effect of the Paycheck Protection Program," Working Papers 21-15, Federal Reserve Bank of Boston.
• Oliver de Groot & Alexander Haas, 2021. "The signalling channel of negative interest rates," Economics Series Working Papers 956 JEL classification: E, University of Oxford, Department of Economics.
• Yusuf, Ismaila Akanni & Salaudeen, Mohammed Bashir & Agbonrofo, Hope, 2021. "Social and Economic Drivers of Stock Market Performance in Nigeria," MPRA Paper 111086, University Library of Munich, Germany.
• Simplice A. Asongu & Christelle Meniago & Raufhon Salahodjaev, 2021. "The role of value added across economic sectors in modulating the effects of FDI on TFP and economic growth dynamics," Working Papers 21/088, European Xtramile Centre of African Studies (EXCAS).
• Simplice A. Asongu & Christelle Meniago & Raufhon Salahodjaev, 2021. "The role of value added across economic sectors in modulating the effects of FDI on TFP and economic growth dynamics," Working Papers of the African Governance and Development Institute. 21/088, African Governance and Development Institute..
• Falk Bräuning & Viacheslav Sheremirov, 2021. "The Transmission Mechanisms of International Business Cycles: Output Spillovers through Trade and Financial Linkages," Working Papers 21-13, Federal Reserve Bank of Boston.
• Gustavo Joaquim & Felipe Netto, 2021. "Optimal Allocation of Relief Funds: The Case of the Paycheck Protection Program," Working Papers 21-16, Federal Reserve Bank of Boston.
• Nikolova, Irena, 2021. "Impact of Covid Pandemic on Foreign Exchange Reserves," MPRA Paper 111261, University Library of Munich, Germany, revised 2021.
• M. Ayhan Kose & Peter Nagle & Franziska Ohnsorge & Naotaka Sugawara, 2021. "What has been the impact of COVID-19 on debt? Turning a wave into a tsunami," CAMA Working Papers 2021-99, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Gita Gopinath & Oleg Itskhoki, 2021. "Dominant Currency Paradigm: A Review," NBER Working Papers 29556, National Bureau of Economic Research, Inc.
• Rangel González Erick & Llamosas-Rosas Irving, 2021. "Observing the Evolution of the Informal Sector from Space: A Municipal Approach 2013-2020," Working Papers 2021-18, Banco de México.
• Rahman, Abdurrahman Arum, 2022. "A Decentralized Central Bank Digital Currency," MPRA Paper 111361, University Library of Munich, Germany.
• Dhruv Rawat & Sujay Patni & Ram Mehta, 2021. "Stock prices and Macroeconomic indicators: Investigating a correlation in Indian context," Papers 2112.08071, arXiv.org, revised Feb 2022.
• Antonio Acconcia & Elisa Scarinzi, 2022. "The Effects of Local Demand and Supply Restrictions on Markup," CSEF Working Papers 635, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 17 Mar 2022.
• Issing, Otmar, 2021. "Central banks - independent or almighty?," SAFE Policy Letters 92, Leibniz Institute for Financial Research SAFE.
• DI BARTOLOMEO, Giovanni & D'IMPERIO, Paolo & FELICI, Francesco, 2021. "The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis," Working Papers 2021006, University of Antwerp, Faculty of Business and Economics.
• Deni Irawan & Tatsuyoshi Okimoto, 2021. "Macro Uncertainties and Tests of Capital Structure Theories across Renewable and Non-Renewable Resource Companies," LPEM FEBUI Working Papers 202168, LPEM, Faculty of Economics and Business, University of Indonesia, revised 2021.
• Toman Barsbai & Andreas Steinmayr & Christoph Winter, 2022. "Immigrating into a Recession: Evidence from Family Migrants to the U.S," Working Papers 2022-01, Faculty of Economics and Statistics, Universität Innsbruck.
• Neville Arjani & Fuchun Li & Zhentong Lu, 2021. "Quantifying the Economic Benefits of Payments Modernization: the Case of the Large-Value Payment System," Staff Working Papers 21-64, Bank of Canada.
• Jiaqi Li, 2021. "Predicting the Demand for Central Bank Digital Currency: A Structural Analysis with Survey Data," Staff Working Papers 21-65, Bank of Canada.
• Kosteas, Vasilios D. & Renna, Francesco & Scicchitano, Sergio, 2022. "Covid-19 and Working from Home: toward a "new normal"?," GLO Discussion Paper Series 1013, Global Labor Organization (GLO).
• Javier Olivera & Philippe Van Kerm, 2022. "Public support for tax policies in COVID-19 times: Evidence from Luxembourg," Working Papers 597, ECINEQ, Society for the Study of Economic Inequality.
• Stungwa, Sanele & Tozamile, Siphuxolo, 2021. "Testing Okun’s law in South Africa," MPRA Paper 110936, University Library of Munich, Germany.
• Jiequn Han & Yucheng Yang & Weinan E, 2021. "DeepHAM: A Global Solution Method for Heterogeneous Agent Models with Aggregate Shocks," Papers 2112.14377, arXiv.org, revised Feb 2022.
• Alexandra Stanczyk & Dana Rotz & Erin Welch & Andrei Streke, "undated". "What Works During Economic Recessions and Recoveries? Evidence From the Pathways Clearinghouse," Mathematica Policy Research Reports 35b4d568891a44fd809883130, Mathematica Policy Research.
• Christian Aubin, 2021. "Financialization And Income Velocity Of Money [Financiarisation et vitesse de circulation de la monnaie]," Working Papers hal-03494603, HAL.
• Tasso Adamopoulos & Loren Brandt & Chaoran Chen & Diego Restuccia & Xiaoyun Wei, 2022. "Land Security and Mobility Frictions," Working Papers tecipa-717, University of Toronto, Department of Economics.
• Luis Fernando Melo-Velandia & Camilo Andrés Orozco-Vanegas & Daniel Parra-Amado, 2022. "Extreme weather events and high Colombian food prices: A non-stationary extreme value approach," Borradores de Economia 1189, Banco de la Republica de Colombia.
• Hlongwane, Nyiko Worship & Daw, Olebogeng David, 2021. "An increase of electricity generation can lead to economic growth in South Africa," MPRA Paper 111018, University Library of Munich, Germany.
• Altavilla, Carlo & Ellul, Andrew & Pagano, Marco & Polo, Andrea & Vlassopoulos, Thomas, 2021. "Loan guarantees, bank lending and credit risk reallocation," CFS Working Paper Series 672, Center for Financial Studies (CFS).
• Paulie, Charlotte, 2021. "Labor-share dynamics -The role of import competition," Working Paper Series 2021:13, IFAU - Institute for Evaluation of Labour Market and Education Policy.
• Juan C. Córdoba & Anni T. Isojärvi & Haoran Li, 2021. "Equilibrium Unemployment: The Role of Discrimination," Finance and Economics Discussion Series 2021-080, Board of Governors of the Federal Reserve System (U.S.).
• Davide Melcangi & Javier Turen, 2021. "Subsidizing Startups under Imperfect Information," Staff Reports 995, Federal Reserve Bank of New York.
• John Michael, Riveros-Gavilanes, 2020. "Estimating the Social Welfare Function of Amartya Sen for Latin America," MPRA Paper 111268, University Library of Munich, Germany, revised 08 Feb 2021.
• Hlongwane, Nyiko Worship & Mmutle, Tumelo Donald & Daw, Olebogeng David, 2021. "The relationship between foreign direct investment and economic growth in SADC region from 2000 to 2019: An econometric view," MPRA Paper 111008, University Library of Munich, Germany.
• Manuel David Cruz & Ashish Kumar Sedai, 2021. "The effect of corruption on foreign direct investment in natural resources: A Latin American case study," CAMA Working Papers 2021-98, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Li, Shiyuan, 2021. "Corporate performance under air pollution control: Evidence from “Atmosphere Ten Articles” Policy," MPRA Paper 110974, University Library of Munich, Germany.