Report NEP-MAC-2022-01-24

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:

• James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2021. "Monetary Policy, External Finance and Investment," Working Papers 92, Red Nacional de Investigadores en Economía (RedNIE).
• Ruediger Bachmann & Isabel Gödl-Hanisch & Eric R. Sims, 2021. "Identifying Monetary Policy Shocks Using the Central Bank's Information Set," NBER Working Papers 29572, National Bureau of Economic Research, Inc.
• Tino Berger & Paul David Boll & James Morley & Benjamin Wong, 2021. "Cyclical signals from the labor market," CAMA Working Papers 2021-91, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Aleksandar Vasilev, 2022. "A Real-Business-Cycle model with robots: Lessons for Bulgaria," Bulgarian Economic Papers bep-2022-01, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Jan 2022.
• Nils M. Gornemann & Keith Kuester & Makoto Nakajima, 2021. "Doves for the Rich, Hawks for the Poor? Distributional Consequences of Systematic Monetary Policy," Opportunity and Inclusive Growth Institute Working Papers 50, Federal Reserve Bank of Minneapolis.
• Nizar, Muhammad Afdi, 2020. "Pandemi Covid-19: Implikasinya terhadap Permintaan Uang dan Instrumen Pembayaran Lainnya [Covid-19 Pandemic: Implications on Demand for Money and Other Payment Instruments]," MPRA Paper 109926, University Library of Munich, Germany.
• Beatriz González & Galo Nuño & Dominik Thaler & Silvia Albrizio, 2021. "Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy," CESifo Working Paper Series 9465, CESifo.
• Auerbach, Alan & Gorodnichenko, Yuriy & McCrory, Peter B. & Murphy, Daniel, 2021. "Fiscal Multipliers in the COVID-19 Recession," IZA Discussion Papers 14883, Institute of Labor Economics (IZA).
• International Monetary Fund, 2021. "Liberia: Third Review under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Direct," IMF Staff Country Reports 2021/264, International Monetary Fund.
• Carrillo-Tudela, Carlos & Clymo, Alex & Coles, Melvyn, 2021. "Equilibrium Job Turnover and the Business Cycle," IZA Discussion Papers 14869, Institute of Labor Economics (IZA).
• Leyva Gustavo & Urrutia Carlos, 2021. "Informal Labor Markets in Times of Pandemic: Evidence for Latin America and Policy Options," Working Papers 2021-21, Banco de México.
• Pablo Cuba-Borda & Sanjay R. Singh, 2022. "Understanding Persistent ZLB: Theory and Assessment," Working Papers 346, University of California, Davis, Department of Economics.
• Ceyhun Elgin & M. Ayhan Kose & Franziska Ohnsorge & Shu Yu, 2021. "Growing apart or moving together? Synchronization of informal and formal economy cycles," CAMA Working Papers 2021-77, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Viral V. Acharya & Simone Lenzu & Olivier Wang, 2021. "Zombie Lending and Policy Traps," NBER Working Papers 29606, National Bureau of Economic Research, Inc.
• Richhild Moessner, 2021. "Determinants of Inflation Expectations," CESifo Working Paper Series 9485, CESifo.
• Mert Gökcü, 2021. "Estimating Time-Varying Potential Output and NAIRU Using a Multivariate Filter for Turkey," Working Papers 2139, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Ceyhun Elgin & M. Ayhan Kose & Franziska Ohnsorge & Shu Yu, 2021. "Understanding informality," CAMA Working Papers 2021-76, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Salwa Aljabri & Mala Raghavan & Joaquin Vespignan, 2021. "Oil prices and fiscal policy in an oil-exporter country: Empirical evidence from Oman," CAMA Working Papers 2021-87, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Karel Musil & Stanislav Tvrz & Jan Vlcek, 2021. "News versus Surprise in Structural Forecasting Models: Central Bankers' Practical Perspective," Research and Policy Notes 2021/02, Czech National Bank.
• International Monetary Fund, 2021. "Albania: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania," IMF Staff Country Reports 2021/259, International Monetary Fund.
• Anthony Brassil & Mike Major & Peter Rickards, 2022. "MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model," RBA Research Discussion Papers rdp2022-01, Reserve Bank of Australia.
• Robert G. King & Yang K. Lu, 2021. "The Rise, Fall and Stabilization of U.S. Inflation: Shifting Regimes and Evolving Reputation," NBER Working Papers 29585, National Bureau of Economic Research, Inc.
• Carabarín Aguirre Mauricio & Peláez Gómez Carlos D., 2021. "Financial Frictions in Mexico: Evidence from the Credit Spread and its Components," Working Papers 2021-20, Banco de México.
• Kilian, Lutz & Zhou, Xiaoqing, 2021. "The impact of rising oil prices on U.S. inflation and inflation expectations in 2020-23," CFS Working Paper Series 670, Center for Financial Studies (CFS).
• Lucrezia Reichlin & Giovanni Ricco & Matthieu Tarbé, 2021. "Monetary-Fiscal Crosswinds in the European Monetary Union," Working Papers hal-03474950, HAL.
• Punnoose Jacob & Murat Özbilgin, 2021. "Welfare gains in a small open economy with a dual mandate for monetary policy," CAMA Working Papers 2021-89, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• M. Ayhan Kose & Franziska Ohnsorge & Naotaka Sugawara, 2021. "A mountain of debt: Navigating the legacy of the pandemic," CAMA Working Papers 2021-90, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Catherine Mathieu & Henri Sterdyniak, 2021. "Vers une réforme des règles budgétaires dans la zone euro ?," Working Papers hal-03474871, HAL.
• Saten Kumar & Dennis Wesselbaum, 2021. "Contracts and firms’ inflation expectations," CAMA Working Papers 2021-85, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Luciano Campos & Jesús Ruiz Andújar, 2021. "Common and Idiosyncratic Components of Latin American Business Cycles Connectedness," Working Papers 91, Red Nacional de Investigadores en Economía (RedNIE).
• Sebastian Gechert, 2022. "Reconsidering macroeconomic policy prescriptions with meta-analysis," Chemnitz Economic Papers 053, Department of Economics, Chemnitz University of Technology, revised Jan 2022.
• Robert Calvert Jump & Engelbert Stockhammer, 2022. "Building blocks of a heterodox business cycle theory," Working Papers PKWP2201, Post Keynesian Economics Society (PKES).
• International Monetary Fund, 2021. "Barbados: 2021 Article IV Consultation, Sixth Review Under the Extended Arrangement Under the Extended Facility, and Request for Modification of Performance Criteria-Press Release; and Staff Report," IMF Staff Country Reports 2021/268, International Monetary Fund.
• M. Ayhan Kose & Franziska Ohnsorge & Carmen Reinhart & Kenneth Rogoff, 2021. "The aftermath of debt surges," CAMA Working Papers 2021-81, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Richard Dennis, 2021. "Using a hyperbolic cross to solve non-linear macroeconomic models," CAMA Working Papers 2021-93, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Mr. Tobias Adrian & Christopher J. Erceg & Marcin Kolasa & Jesper Lindé & Pawel Zabczyk, 2021. "A Quantitative Microfounded Model for the Integrated Policy Framework," IMF Working Papers 2021/292, International Monetary Fund.
• Y.-H. Henry Chen & Erik Ens & Olivier Gervais & Hossein Hosseini & Craig Johnston & Serdar Kabaca & Miguel Molico & Sergey Paltsev & Alex Proulx & Argyn Toktamyssov, 2022. "Transition Scenarios for Analyzing Climate-Related Financial Risk," Discussion Papers 2022-1, Bank of Canada.
• Grömling, Michael, 2021. "Klare Signale für Wachstum - Ergebnisse der IW-Verbandsumfrage 2021," IW-Reports 47/2021, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• International Monetary Fund, 2021. "United Republic of Tanzania: Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania," IMF Staff Country Reports 2021/254, International Monetary Fund.
• Keuschnigg, Christian & Johs, Julian & Stevens, Jacob, 2021. "Consolidating the Covid Debt," Economics Working Paper Series 2112, University of St. Gallen, School of Economics and Political Science.
• International Monetary Fund, 2021. "The Gambia: Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Re," IMF Staff Country Reports 2021/265, International Monetary Fund.
• Heiner Mikosch & Christoher Roth & Samad Sarferaz & Johannes Wohlfart & Christopher Roth, 2021. "Uncertainty and Information Acquisition: Evidence from Firms and Households," CESifo Working Paper Series 9462, CESifo.
• International Monetary Fund, 2021. "Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia," IMF Staff Country Reports 2021/255, International Monetary Fund.
• Carrillo Julio A. & García Ana Laura, 2021. "The COVID-19 Economic Crisis in Mexico through the Lens of a Financial Conditions Index," Working Papers 2021-23, Banco de México.
• Item repec:ocp:ppaper:pb41-21 is not listed on IDEAS anymore

• International Monetary Fund, 2021. "Republic of Serbia: First Review under the Policy Coordination Instrument -Press Release; and Staff Report," IMF Staff Country Reports 2021/272, International Monetary Fund.
• International Monetary Fund, 2021. "Republic of Armenia: 2021 Article IV Consultation, Fourth and Fifth Reviews Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Monetary Policy Consult," IMF Staff Country Reports 2021/273, International Monetary Fund.
• Konstantinos Angelopoulos & Spyridon Lazarakis & Rebecca Mancy & Max Schroeder, 2021. "Pandemic-Induced Wealth and Health Inequality and Risk Exposure," CESifo Working Paper Series 9474, CESifo.
• International Monetary Fund, 2021. "Republic of Palau: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau," IMF Staff Country Reports 2021/263, International Monetary Fund.
• Stephen McKnight & Laura Povoledo, 2021. "Endogenous Fluctuations and International Business Cycles," Serie documentos de trabajo del Centro de Estudios Económicos 2021-10, El Colegio de México, Centro de Estudios Económicos.
• Kiss, Tamas & Nguyen, Hoang & Österholm, Pär, 2022. "Modelling Okun’s Law – Does non-Gaussianity Matter?," Working Papers 2022:1, Örebro University, School of Business.
• Martin Hodula & Ngoc Anh Ngo, 2021. "Does Macroprudential Policy Leak? Evidence from Non-Bank Credit Intermediation in EU Countries," Working Papers 2021/5, Czech National Bank.
• Grömling, Michael, 2021. "Zuversicht dominiert für 2022: IW-Konjunkturumfrage Spätherbst 2021," IW-Reports 45/2021, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• Sergey Ivashchenko & Semih Emre Cekin & Rangan Gupta & Chien-Chiang Lee, 2022. "Real-Time Forecast of DSGE Models with Time-Varying Volatility in GARCH Form," Working Papers 202204, University of Pretoria, Department of Economics.
• Isaac Baley & Andrés Blanco, 2022. "The long-run effects of corporate tax reforms," Economics Working Papers 1813, Department of Economics and Business, Universitat Pompeu Fabra.
• Riedler, Jesper & Koziol, Tina, 2021. "Scaling, unwinding and greening QE in a calibrated portfolio balance model," ZEW Discussion Papers 21-086, ZEW - Leibniz Centre for European Economic Research.
• Volha Audzei, 2021. "Learning and Cross-Country Correlations in a Multi-Country DSGE Model," Working Papers 2021/7, Czech National Bank.
• International Monetary Fund, 2021. "Republic of Azerbaijan: 2021 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2021/278, International Monetary Fund.
• International Monetary Fund, 2021. "Malawi: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi," IMF Staff Country Reports 2021/269, International Monetary Fund.
• James B. Bullard, 2022. "The Initial Response to the Inflation Shock of 2021," Speech 93608, Federal Reserve Bank of St. Louis.
• Larch, Martin & Busse, Matthias & Jankovics, László, 2021. "Enforcement of fiscal rules: Lessons from the fiscal compact," ZEW Discussion Papers 21-085, ZEW - Leibniz Centre for European Economic Research.
• Sarah Auster & Piero Gottardi & Ronald Wolthoff, 2022. "Simultaneous Search and Adverse Selection," Working Papers tecipa-715, University of Toronto, Department of Economics.
• International Monetary Fund, 2021. "Niger: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Niger," IMF Staff Country Reports 2021/271, International Monetary Fund.
• International Monetary Fund, 2021. "Chad: Request for a Three-Year Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Chad," IMF Staff Country Reports 2021/267, International Monetary Fund.
• Mikael Khan & Yang Xu, 2022. "Housing demand in Canada: A novel approach to classifying mortgaged homebuyers," Staff Analytical Notes 2022-1, Bank of Canada.
• Wolfgang Kuhle, 2021. "The Inflation Game," Papers 2112.14697, arXiv.org.
• Yu-chin Chen & Ippei Fujiwara & Yasuo Hirose, 2021. "Exchange rate disconnect and the general equilibrium puzzle," CAMA Working Papers 2021-86, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Thibaut Duprey & Daniel E. Rigobon & Philip Schnattinger & Artur Kotlicki & Soheil Baharian & T. R. Hurd, 2022. "Business Closures and (Re)Openings in Real Time Using Google Places," Staff Working Papers 22-1, Bank of Canada.
• Pablo Hernández de Cos, 2021. "Comparecencias ante la Comisión de Presupuestos del Congreso de los Diputados, el 25 de octubre de 2021, y ante la Comisión de Presupuestos del Senado, el 30 de noviembre de 2021, en relación con el P," Occasional Papers 2130, Banco de España.
• Ozili, Peterson K, 2022. "Does economic policy uncertainty reduce financial inclusion?," MPRA Paper 111052, University Library of Munich, Germany.
• Joshua C. C. Chan & Aubrey Poon & Dan Zhu, 2021. "Efficient Estimation of State-Space Mixed-Frequency VARs: A Precision-Based Approach," Papers 2112.11315, arXiv.org.
• Aikman, David & Kelly, Robert & McCann, Fergal & Yao, Fang, 2021. "The macroeconomic channels of macroprudential mortgage policies," Financial Stability Notes 11/FS/21, Central Bank of Ireland.
• Massimo Amato & Francesco Saraceno, 2022. "Squaring the circle: How to guarantee fiscal space and debt sustainability with a European Debt Agency," BAFFI CAREFIN Working Papers 22172, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Laurence M. Ball & Mr. Daniel Leigh & Ms. Prachi Mishra & Mr. Antonio Spilimbergo, 2021. "Measuring U.S. Core Inflation: The Stress Test of COVID-19," IMF Working Papers 2021/291, International Monetary Fund.
• International Monetary Fund, 2021. "Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2021/260, International Monetary Fund.
• Bahaj, Saleem & Reis, Ricardo, 2022. "Central bank swap lines: evidence on the effects of the lender of last resort," LSE Research Online Documents on Economics 112601, London School of Economics and Political Science, LSE Library.
• Adam Copeland & Antoine Martin, 2021. "Repo over the Financial Crisis," Staff Reports 996, Federal Reserve Bank of New York.
• Tomohiro HIRANO & Joseph E. Stiglitz, 2021. "The Wobbly Economy; Global Dynamics with Phase Transitions and State Transitions," CIGS Working Paper Series 21-008E, The Canon Institute for Global Studies.
• Xueting Jiang & David I. Stern, 2021. "Asymmetric response of carbon emissions to recessions and expansions and oil market shocks," CAMA Working Papers 2021-92, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Sang-Wook (Stanley) Cho & Sally Wong, 2021. "Better out than in? Regional disparity and heterogeneous income effects of the euro," CAMA Working Papers 2021-88, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Tomohiro HIRANO & Joseph E. Stiglitz, 2021. "Land Speculation and Wobbly Dynamics with Endogenous Phase Transitions," CIGS Working Paper Series 21-009E, The Canon Institute for Global Studies.
• Giulia Piccillo & Poramapa Poonpakdee, 2021. "Effects of Macro Uncertainty on Mean Expectation and Subjective Uncertainty: Evidence from Households and Professional Forecasters," CESifo Working Paper Series 9486, CESifo.
• Martti Kaila & Emily Nix & Krista Riukula, 2021. "Disparate Impacts of Job Loss by Parental Income and Implications for Intergenerational Mobility," Opportunity and Inclusive Growth Institute Working Papers 53, Federal Reserve Bank of Minneapolis.
• Demary, Markus & Kruse, Cornelius & Zdrzalek, Jonas, 2021. "Welche Inflationsunterschiede bestehen in der Bevölkerung? Eine Auswertung auf Basis der Einkommens- und Verbrauchsstichprobe," IW-Reports 46/2021, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• Amy Y. Guisinger & Michael W. McCracken & Michael T. Owyang, 2022. "Reconsidering the Fed's Inflation Forecasting Advantage," Working Papers 2022-001, Federal Reserve Bank of St. Louis, revised 23 Oct 2023.
• International Monetary Fund, 2021. "Republic of Fiji: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji," IMF Staff Country Reports 2021/257, International Monetary Fund.
• International Monetary Fund, 2021. "Argentina: Ex-Post Evaluation of Exceptional Access Under the 2018 Stand-By Arrangement-Press Release and Staff Report," IMF Staff Country Reports 2021/279, International Monetary Fund.
• Hernández Vega Marco A., 2021. "Tariffs and Macroeconomic Dynamics," Working Papers 2021-25, Banco de México.
• Beck, Thorsten & Cecchetti, Stephen G. & Grothe, Magdalena & Kemp, Malcolm & Pelizzon, Loriana & Sánchez Serrano, Antonio, 2022. "Will video kill the radio star? Digitalisation and the future of banking," Report of the Advisory Scientific Committee 12, European Systemic Risk Board.
• Joshua Aizenman & Yothin Jinjarak & Hien Nguyen & Donghyun Park, 2021. "International Evidence of Strengthening Taxes and Spending For Sustainable Development," NBER Working Papers 29594, National Bureau of Economic Research, Inc.
• Boyan Jovanovic & Julien Prat, 2021. "Reputation and earnings dynamics," Post-Print hal-03096282, HAL.
• Ferrara, Federico Maria & Angino, Siria, 2022. "Does clarity make central banks more engaging? Lessons from ECB communications," LSE Research Online Documents on Economics 112968, London School of Economics and Political Science, LSE Library.
• Cooke, Fang Lee & Wood, Geoffrey, 2022. "Labor-Management Relations in Autocratic Regimes," GLO Discussion Paper Series 1014, Global Labor Organization (GLO).
• Fausto Hernández Trillo, 2020. "«¿Había espacio fiscal para enfrentar la pandemia en México? Una revisita a la sostenibilidad fisca»," Papers 2020_25, Centro de Estudios Espinosa Yglesias.
• Mr. Francesco Grigoli & Emiliano Luttini & Mr. Damiano Sandri, 2021. "Idiosyncratic Shocks and Aggregate Fluctuations in an Emerging Market," IMF Working Papers 2021/289, International Monetary Fund.
• Krubnik, Alicja, 2021. "IMF conditionality, social programmes and the impact of women's welfare: an empirical analysis of historical policy responses to financial crises in Latin America and their gendered effects," LSE Research Online Documents on Economics 112939, London School of Economics and Political Science, LSE Library.
• Petranov, Stefan, 2021. "Shadow economy and regional development - an argument in favor of fiscal decentralization," MPRA Paper 111264, University Library of Munich, Germany, revised 15 Oct 2021.
• Knut Are Aastveit & Ragnar Enger Juelsrud & Ella Getz Wold, 2021. "The household effects of mortgage regulation," Working Papers No 07/2021, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
• Florencia S. Airaudo & Hernán D. Seoane, 2021. "The Trend-cycle Connection," Working Papers 97, Red Nacional de Investigadores en Economía (RedNIE).
• Andrew Mwaba & Steve Kayizzi-Mugerwa, 2021. "Boosting mineral revenues in Zambia: Policy options for a sustainable fiscal regime," WIDER Working Paper Series wp-2021-178, World Institute for Development Economic Research (UNU-WIDER).
• Benito Arruñada, 2022. "Comentario al proyecto de ley de startups," Fedea Economy Notes 2022-01, FEDEA.
• Alberto José Figueras & Iván Iturralde & Marcelo Capello, 2021. "¿Una Enfermedad Holandesa “Fiscal? El Caso de Transferencias entre Jurisdicciones: La Experiencia Argentina hasta 2008," Working Papers 90, Red Nacional de Investigadores en Economía (RedNIE).