Report NEP-MAC-2022-02-14

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:

• Luca Fornaro & Federica Romei, 2022. "Monetary policy during unbalanced global recoveries," Economics Working Papers 1814, Department of Economics and Business, Universitat Pompeu Fabra.
• Martin Baumgaertner, 2022. "Financial Markets and ECB Monetary Policy Communication – A Second QE Surprise," MAGKS Papers on Economics 202203, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Shang-Jin Wei & Yinxi Xie, 2022. "On the Wedge Between the PPI and CPI Inflation Indicators," Staff Working Papers 22-5, Bank of Canada.
• Jacopo Bonchi & Salvatore Nisticò, 2022. "Heterogeneity, Bubbles and Monetary Policy," Working Papers 5/22, Sapienza University of Rome, DISS.
• Oliver Pfäuti & Fabian Seyrich, 2022. "A Behavioral Heterogeneous Agent New Keynesian Model," CRC TR 224 Discussion Paper Series crctr224_2022_334, University of Bonn and University of Mannheim, Germany.
• Philippe Andrade & Jordi Gali & Hervé Le Bihan & Julien Matheron, 2021. "Should the ECB Adjust Its Strategy in the Face of a Lower r*?," Working Papers 22-1, Federal Reserve Bank of Boston.
• Donato Masciandaro & Jacopo Magurno & Romano Tarsia, 2021. "Central Bank Independence: Metrics and Empirics," BAFFI CAREFIN Working Papers 21151, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Donato Masciandaro, 2021. "Central Bank Governance in Monetary Policy Economics (1981-2020)," BAFFI CAREFIN Working Papers 21153, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Han Gao & Mariano Kulish & Juan Pablo Nicolini, 2021. "Online Appendix for: Two Illustrations of the Quantity Theory of Money Reloaded," Staff Report 634, Federal Reserve Bank of Minneapolis.
• Xing Guo & Pablo Ottonello & Diego Perez, 2022. "Monetary Policy and Redistribution in Open Economies," Staff Working Papers 22-6, Bank of Canada.
• Abdalla, Ahmed & Carabias, Jose M., 2022. "From accounting to economics: the role of aggregate special items in gauging the state of the economy," LSE Research Online Documents on Economics 108540, London School of Economics and Political Science, LSE Library.
• Armando Marozzi, 2021. "The ECB and the Cost of Independence. Unearthing a New Doom-Loop in the European Monetary Union," BAFFI CAREFIN Working Papers 21152, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Gara Afonso & Lorie Logan & Antoine Martin & Will Riordan & Patricia Zobel, 2022. "The Fed’s Latest Tool: A Standing Repo Facility," Liberty Street Economics 20220113, Federal Reserve Bank of New York.
• Allen Head & Timothy Kam & Sam Ng & Isaac Pan, 2023. "Money and Imperfectly Competitive Credit," Working Paper 1481, Economics Department, Queen's University.
• Lekha Chakraborty & Harikrishnan S, 2022. "COVID-19 and Fiscal-Monetary Policy Coordination: Empirical Evidence from India," Economics Working Paper Archive wp_1002, Levy Economics Institute.
• Hinterlang, Natascha & Tänzer, Alina, 2021. "Optimal monetary policy using reinforcement learning," Discussion Papers 51/2021, Deutsche Bundesbank.
• Han Gao & Mariano Kulish & Juan Pablo Nicolini, 2021. "Two Illustrations of the Quantity Theory of Money Reloaded," Staff Report 633, Federal Reserve Bank of Minneapolis.
• Donato Masciandaro & Davide Romelli & Gaia Rubera, 2021. "Monetary policy and financial markets: evidence from Twitter traffic," BAFFI CAREFIN Working Papers 21160, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Renato E. Reside, Jr., 2021. "Growth During the Time of Covid19," UP School of Economics Discussion Papers 202108, University of the Philippines School of Economics.
• Ricardo Nunes & Ali Ozdagli & Jenny Tang, 2022. "Interest Rate Surprises: A Tale of Two Shocks," Working Papers 22-2, Federal Reserve Bank of Boston.
• Gara Afonso & Lorie Logan & Antoine Martin & Will Riordan & Patricia Zobel, 2022. "How the Fed Adjusts the Fed Funds Rate within Its Target Range," Liberty Street Economics 20220112, Federal Reserve Bank of New York.
• Gara Afonso & Lorie Logan & Antoine Martin & Will Riordan & Patricia Zobel, 2022. "How the Federal Reserve’s Monetary Policy Implementation Framework Has Evolved," Liberty Street Economics 20220110, Federal Reserve Bank of New York.
• International Monetary Fund, 2022. "Jordan: Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Di," IMF Staff Country Reports 2022/004, International Monetary Fund.
• John Beirne & Yannis Dafermos & Alexander Kriwoluzky & Nuobu Renzhi & Ulrich Volz & Jana Wittich, 2021. "The Effects of Natural Disasters on Price Stability in the Euro Area," Discussion Papers of DIW Berlin 1981, DIW Berlin, German Institute for Economic Research.
• Nurdaulet Abilov, 2021. "Risk indeed matters: Uncertainty shocks in an oil-exporting economy," NAC Analytica Working Paper 16, NAC Analytica, Nazarbayev University, revised Feb 2022.
• Frédéric Boissay & Fabrice Collard & Jordi Galí & Cristina Manea, 2022. "Monetary Policy and Endogenous Financial Crises," Working Papers hal-03509283, HAL.
• Merkl, Christian & Sauerbier, Timo, 2022. "Public employment agency reform, matching efficiency, and German unemployment," FAU Discussion Papers in Economics 01/2022, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
• Andersson, Fredrik N. G. & Jonung, Lars, 2022. "The Risks of Adopting the Bond Yield as the Anchor for the EU Fiscal Framework," Working Papers 2022:1, Lund University, Department of Economics.
• Marius Clemens & Werner Röger, 2021. "Rising Allowances, Rising Rates: A Tinbergen Rule for Capital Taxation," Discussion Papers of DIW Berlin 1986, DIW Berlin, German Institute for Economic Research.
• Olivier de Bandt & Bora Durdu & Hibiki Ichiue & Yasin Mimir & Jolan Mohimont & Kalin Nikolov & Sigrid Roehrs & Jean-Guillaume Sahuc & Valerio Scalone & Michael Straughan, 2022. "Assessing the Impact of Basel III: Evidence from Structural Macroeconomic Models," Working papers 864, Banque de France.
• Gara Afonso & Lorie Logan & Antoine Martin & Will Riordan & Patricia Zobel, 2022. "How the Fed’s Overnight Reverse Repo Facility Works," Liberty Street Economics 20220111, Federal Reserve Bank of New York.
• International Monetary Fund, 2022. "Republic of Moldova: 2021 Article IV Consultation and Requests for an Arrangement under the Extended Fund Facility and an Arrangement under the Extended Credit Facility-Press Release; Staff Report; an," IMF Staff Country Reports 2022/001, International Monetary Fund.
• Jean-Guillaume Sahuc & Olivier de Bandt & Hibiki Ichiue & Bora Durdu & Yasin Mimir & Jolan Mohimont & Kalin Nikolov & Sigrid Roehrs & Valério Scalone & Michael Straughan, 2022. "Assessing the Impact of Basel III: Evidence from Structural Macroeconomic Models," EconomiX Working Papers 2022-3, University of Paris Nanterre, EconomiX.
• V. V. Chari & Luis Pérez, 2021. "Comment on Iovino, La’O and Mascarenhas, “Optimal Monetary Policy and Disclosure with an Informationally-Constrained Central Banker”," Staff Report 628, Federal Reserve Bank of Minneapolis.
• Javier García-Cicco, 2022. "Alternative Monetary-Policy Instruments and Limited Credibility: An Exploration," CEMA Working Papers: Serie Documentos de Trabajo. 822, Universidad del CEMA.
• Lhuissier Stéphane, 2022. "Financial Conditions and Macroeconomic Downside Risks in the Euro Area," Working papers 863, Banque de France.
• Óscar Afonso & Elena Sochirca & Pedro Cunha Neves, 2022. "Robots and Humans: The Role of Fiscal and Monetary Policies in an Endogenous Growth Model," CEF.UP Working Papers 2201, Universidade do Porto, Faculdade de Economia do Porto.
• Nurdaulet Abilov & Aizhan Bolatbayeva, 2021. "Nowcasting GDP growth in Russia with an incomplete dataset: A factor model approach," NAC Analytica Working Paper 18, NAC Analytica, Nazarbayev University, revised Feb 2022.
• Federico M. Ferrara & Donato Masciandaro & Manuela Moschella & Davide Romelli, 2021. "Political Voice on Monetary Policy: Evidence from the Parliamentary Hearings of the European Central Bank," BAFFI CAREFIN Working Papers 21159, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Karsten Kohler & Engelbert Stockhammer, 2022. "Flexible exchange rates in emerging markets: shock absorbers or drivers of endogenous cycles?," Working Papers PKWP2205, Post Keynesian Economics Society (PKES).
• Österholm, Pär & Poon, Aubrey, 2022. "Trend Inflation in Sweden," Working Papers 2022:2, Örebro University, School of Business.
• Giancarlo Bertocco & Andrea Kalajzić, 2022. "On the monetary nature of savings: a critical analysis of the Loanable Funds Theory," Working Papers PKWP2206, Post Keynesian Economics Society (PKES).
• International Monetary Fund, 2022. "Rwanda: 2021 Article IV Consultation and Fifth Review Under the Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for Rwanda," IMF Staff Country Reports 2022/007, International Monetary Fund.
• Loretta J. Mester, 2022. "Rebalancing the U.S. Economy and Monetary Policy," Speech 93697, Federal Reserve Bank of Cleveland.
• Stefán Thórarinsson, 2022. "Analysing inflation dynamics in Iceland using a Bayesian structural vector autoregression model," Economics wp88, Department of Economics, Central bank of Iceland.
• Martin Hodula & Jan Janku & Lukas Pfeifer, 2021. "Interaction of Cyclical and Structural Systemic Risks: Insights from Around and After the Global Financial Crisis," Research and Policy Notes 2021/03, Czech National Bank.
• Ziesemer, Thomas, 2021. "Global dynamics of Gini coefficients of education for 146 countries updated to 1950-2015," MERIT Working Papers 2021-047, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Nomaler, Önder & Spinola, Danilo & Verspagen, Bart, 2021. "Demand-led industrialisation policy in a dual-sector small balance of payments constrained economy," MERIT Working Papers 2021-038, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• International Monetary Fund, 2022. "Democratic Republic of the Congo: First Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Re," IMF Staff Country Reports 2022/003, International Monetary Fund.
• Gerba, Eddie & Katsoulis, Petros, 2021. "The repo market under Basel III," Bank of England working papers 954, Bank of England.
• Loria, Francesca & Matthes, Christian & Wang, Mu-Chun, 2021. "Economic theories and macroeconomic reality," Discussion Papers 56/2021, Deutsche Bundesbank.
• International Monetary Fund, 2022. "Senegal: 2021 Article IV Consultation, Fourth Review Under the Policy Coordination Instrument, First Reviews Under the Stand-By Arrangement and the Arrangement Under the Standby Credit Facility, and R," IMF Staff Country Reports 2022/008, International Monetary Fund.
• International Monetary Fund, 2022. "Seychelles: First Review under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Seychelles," IMF Staff Country Reports 2022/006, International Monetary Fund.
• Francisco Rivadeneyra & Nellie Zhang, 2022. "Payment Coordination and Liquidity Efficiency in the New Canadian Wholesale Payments System," Discussion Papers 2022-3, Bank of Canada.
• Carl Grekou, 2021. "EQCHANGE annual assessment 2021," Working Papers 2021-13, CEPII research center.
• Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2022. "An agent-based model of trickle-up growth and income inequality," Working Papers halshs-03509091, HAL.
• Morita, Hiroshi & Ono, Taiki, 2022. "COVID-19 Uncertainty Index in Japan: Newspaper-Based Measures and Economic Activities," Discussion paper series HIAS-E-116, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
• Andrew Glover & Jonathan Heathcote & Dirk Krueger, 2022. "Optimal Age-Based Vaccination and Economic Mitigation Policies for the Second Phase of the Covid-19 Pandemic," Staff Report 636, Federal Reserve Bank of Minneapolis.
• Daniel R. Carroll & Sewon Hur, 2022. "On the Distributional Effects of International Tariffs," Globalization Institute Working Papers 413, Federal Reserve Bank of Dallas, revised 29 Mar 2023.
• Soares Martins Neto, Antonio & Mathew, Nanditha & Mohnen, Pierre & Treibich, Tania, 2021. "Is there job polarization in developing economies? A review and outlook," MERIT Working Papers 2021-045, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• International Monetary Fund, 2022. "Republic of Kosovo: 2021 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2022/005, International Monetary Fund.
• John C. Williams, 2022. "Reading the Recovery," Speech 93629, Federal Reserve Bank of New York.
• Dieci, Roberto & Mignot, Sarah & Westerhoff, Frank H., 2021. "Production delays, technology choice and cyclical cobweb dynamics," BERG Working Paper Series 174, Bamberg University, Bamberg Economic Research Group.
• Xavier Jaravel & Martin O'Connell, 2020. "High-frequency changes in shopping behaviours, promotions, and the measurement of inflation: evidence from the Great Lockdown," IFS Working Papers W20/33, Institute for Fiscal Studies.
• Arpan Ganguly & Danilo Spinola, 2022. "Growth and Distribution regimes under Global Value Chains: Diversification, Integration and Uneven Development," Working Papers PKWP2207, Post Keynesian Economics Society (PKES).
• Canes-Wrone, Brandice & Ponce de Leon, Christian & Thieme, Sebastian, 2022. "Electoral Cycles, Investment, and Institutional Constraints in Developing Democracies," IAST Working Papers 22-129, Institute for Advanced Study in Toulouse (IAST).
• Dante B. Canlas, 2020. "What Covid-19 Hath Wrought and Debt Exit Options: A Note on Deficit Financing and Public Debt Management," UP School of Economics Discussion Papers 202011, University of the Philippines School of Economics.
• Assietou Dia & Mathurin Founanou & Zaka Ratsimalahelo, 2022. "Analyse de la performance du secteur agricole et son impact sur la croissance économique du Sénégal," Working Papers 2022-01, CRESE.
• Remi Jedwab & Roberto Samaniego & Paul Romer & Asif Islam, 2022. "Scars of Pandemics from Lost Schooling and Experience: Aggregate Implications and Gender Differences Through the Lens of COVID-19," Working Papers 2022-02, The George Washington University, Institute for International Economic Policy.
• Sylvia Kaufmann, 2022. "Covid-19 outbreak and beyond: A retrospect on the information content of registered short-time workers for GDP now- and forecasting," Working Papers 22.02, Swiss National Bank, Study Center Gerzensee.
• Johannes Geyer & Ralf K. Himmelreicher, 2021. "Entgeltumwandlung im Jahr 2018: Wer nutzt sie in welchem Umfang?," Discussion Papers of DIW Berlin 1977, DIW Berlin, German Institute for Economic Research.
• Campos, Nauro F. & Macchiarelli, Corrado, 2021. "The dynamics of core and periphery in the European monetary union: a new approach," LSE Research Online Documents on Economics 113423, London School of Economics and Political Science, LSE Library.
• International Monetary Fund, 2022. "Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act," IMF Staff Country Reports 2022/010, International Monetary Fund.
• Alain Raybaut, 2021. "Coupling and synchronization dynamics in endogenous business cycles models," Working Papers hal-03505462, HAL.
• Balde, Racky, 2021. "Financial development and small firms’ tax compliance in Sub-Saharan Africa," MERIT Working Papers 2021-041, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Simona Malovana & Martin Hodula & Josef Bajzik & Zuzana Gric, 2021. "A Tale of Different Capital Ratios: How to Correctly Assess the Impact of Capital Regulation on Lending," Working Papers 2021/8, Czech National Bank.
• Paul Carrillo-Maldonado & Michalis Nikiforos, 2022. "Estimating a Time-Varying Distribution-Led Regime," Economics Working Paper Archive wp_1001, Levy Economics Institute.
• Thitithep Sitthiyot, 2021. "Macroeconomic and financial management in an uncertain world: What can we learn from complexity science?," Papers 2112.15294, arXiv.org.
• International Monetary Fund, 2022. "Cyprus: Technical Assistance Report-Debt and Cash Management," IMF Staff Country Reports 2022/002, International Monetary Fund.
• Mustapha Douch & Huw Edwards & Sushanta Mallick, 2022. "The UK Productivity Puzzle: Does Firm Cohort matter for their Performance following the Financial Crisis?," Bank of Lithuania Working Paper Series 101, Bank of Lithuania.
• John Caramichael & Gordon Y. Liao, 2022. "Stablecoins: Growth Potential and Impact on Banking," International Finance Discussion Papers 1334, Board of Governors of the Federal Reserve System (U.S.).
• Massimo Guidolin & Davide La Cara & Massimiliano Marcellino, 2021. "Boosting the Forecasting Power of Conditional Heteroskedasticity Models to Account for Covid-19 Outbreaks," BAFFI CAREFIN Working Papers 21169, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Alexander Chudik & M. Hashem Pesaran & Alessandro Rebucci, 2022. "Social Distancing, Vaccination and Evolution of COVID-19 Transmission Rates in Europe," Globalization Institute Working Papers 414, Federal Reserve Bank of Dallas, revised 12 Jul 2022.
• Ollech, Daniel, 2021. "Economic analysis using higher frequency time series: Challenges for seasonal adjustment," Discussion Papers 53/2021, Deutsche Bundesbank.
• Konstantins Benkovskis & Ludmila Fadejeva, 2022. "Chasing the Shadow: the Evaluation of Unreported Wage Payments in Latvia," Working Papers 2022/01, Latvijas Banka.
• Carmona, Julio, 2022. "A Simple Endemic Growth Model for Undergraduates," QM&ET Working Papers 22-1, University of Alicante, D. Quantitative Methods and Economic Theory, revised 03 Mar 2022.