Report NEP-MAC-2022-05-02

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:

• Ricardo J. Caballero & Alp Simsek, 2022. "Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect," CESifo Working Paper Series 9632, CESifo.
• Nittai K. Bergman & David Matsa & Michael Weber & Michael Weber, 2022. "Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth," CESifo Working Paper Series 9512, CESifo.
• Ha, Jongrim & Kose, Ayhan M. & Ohnsorge, Franziska, 2022. "From Low to High Inflation: Implications for Emerging Market and Developing Economies," MPRA Paper 112596, University Library of Munich, Germany.
• Vasily Astrov & Alexandra Bykova & Rumen Dobrinsky & Selena Duraković & Richard Grieveson & Doris Hanzl-Weiss & Gabor Hunya & Branimir Jovanović & Artem Kochnev & Niko Korpar & Sebastian Leitner & Isi, 2022. "Overshadowed by War and Sanctions," wiiw Forecast Reports Spring2022, The Vienna Institute for International Economic Studies, wiiw.
• Albert Queraltó, 2022. "Monetary Policy in a Model of Growth," International Finance Discussion Papers 1340, Board of Governors of the Federal Reserve System (U.S.).
• Taisuke Nakata & Takeki Sunakawa, 2022. "Credible Forward Guidance," IMES Discussion Paper Series 22-E-06, Institute for Monetary and Economic Studies, Bank of Japan.
• Sebastián Amador, 2022. "Hysteresis, endogenous growth, and monetary policy," Working Papers 348, University of California, Davis, Department of Economics.
• François Courtoy, 2022. "When Household Heterogeneity Matters Optimal Fiscal Policy in a Medium-Scale TANK Model," LIDAM Discussion Papers IRES 2022009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Boris Chafwehé & Charles de Beauffort & Rigas Oikonomou, 2022. "Optimal Monetary Policy Rules in the Fiscal Theory of the Price Level," LIDAM Discussion Papers IRES 2022007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Michael D. Bauer & Eric T. Swanson, 2022. "A Reassessment of Monetary Policy Surprises and High-Frequency Identification," CESifo Working Paper Series 9642, CESifo.
• Francesco D'Acunto & Ulrike M. Malmendier & Michael Weber & Michael Weber, 2022. "What Do the Data Tell Us about Inflation Expectations?," CESifo Working Paper Series 9602, CESifo.
• V. V. Chari & Juan Pablo Nicolini & Pedro Teles, 2022. "Appendix for: Optimal Cooperative Taxation in the Global Economy," Staff Report 637, Federal Reserve Bank of Minneapolis.
• Natoli, Filippo, 2022. "Temperature surprise shocks," MPRA Paper 112568, University Library of Munich, Germany.
• António Afonso & José Alves & João Tovar Jalles, 2022. "To Consolidate or Not to Consolidate? A Multi-Step Analysis to Assess Needed Fiscal Sustainability," CESifo Working Paper Series 9618, CESifo.
• Zhiguo He & Zhaogang Song, 2022. "Agency MBS as Safe Assets," NBER Working Papers 29899, National Bureau of Economic Research, Inc.
• Beirne, John & Renzhi, Nuobu & Volz, Ulrich, 2022. "Nonbank Finance and Monetary Policy Transmission in Asia," ADBI Working Papers 1303, Asian Development Bank Institute.
• Orsetta Causa & Michael Abendschein & Nhung Luu & Maria Chiara Cavalleri, 2022. "Getting on the job ladder: The policy drivers of hiring transitions," OECD Economics Department Working Papers 1710, OECD Publishing.
• José Alves & Sandro Morgado, 2022. "Secular Stagnation: Is Immigration Part of the Solution?," CESifo Working Paper Series 9561, CESifo.
• António Afonso & José Alves, 2022. "Does government spending efficiency improve fiscal sustainability?," Working Papers REM 2022/0226, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Lena Dräger & Klaus Gründler & Niklas Potrafke, 2022. "Political Shocks and Inflation Expectations: Evidence from the 2022 Russian Invasion of Ukraine," CESifo Working Paper Series 9649, CESifo.
• International Monetary Fund, 2022. "Israel: 2022 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2022/081, International Monetary Fund.
• Wolassa L. Kumo, 2022. "Working Paper 362 - Economic Growth, Total Factor Productivity and Output Gap in Sierra Leone," Working Paper Series 2488, African Development Bank.
• Jonung, Lars, 2022. "The Problems of Inflation Targeting Originate in the Monetary Theory of Knut Wicksell," Working Papers 2022:8, Lund University, Department of Economics.
• International Monetary Fund, 2022. "Cameroon: 2021 Article IV Consultation and First Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements and Requests for Waivers for Performance Criteria Applicability ," IMF Staff Country Reports 2022/075, International Monetary Fund.
• International Monetary Fund, 2022. "Republic of Madagascar: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Republic of Madagascar," IMF Staff Country Reports 2022/079, International Monetary Fund.
• Kuikeu, Oscar, 2022. "Politique monétaire et inflation : les enseignements d’une Règle de Taylor [Monetary policy and inflation: lessons from an Taylor Rule]," MPRA Paper 112675, University Library of Munich, Germany.
• Kengo NUTAHARA, 2022. "A benefit of monetary policy response to inequality," CIGS Working Paper Series 22-006E, The Canon Institute for Global Studies.
• International Monetary Fund, 2022. "Trinidad and Tobago: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago," IMF Staff Country Reports 2022/073, International Monetary Fund.
• Gabriel Rodríguez & Paulo Chávez, 2022. "Time Changing Effects of External Shocks on Macroeconomic Fluctuations in Peru: Empirical Application Using Regime-Switching VAR Models with Stochastic Volatility," Documentos de Trabajo / Working Papers 2022-509, Departamento de Economía - Pontificia Universidad Católica del Perú.
• International Monetary Fund, 2022. "Uganda: 2021 Article IV Consultation and First Review under the Extended Credit Facility Arrangement and Requests for Modifications of Performance Criteria-Press Release; Staff Report; and Statement b," IMF Staff Country Reports 2022/077, International Monetary Fund.
• Bańkowski, Krzysztof & Bouabdallah, Othman & Domingues Semeano, João & Dorrucci, Ettore & Freier, Maximilian & Jacquinot, Pascal & Modery, Wolfgang & Rodríguez-Vives, Marta & Valenta, Vilém & Zorell, , 2022. "The economic impact of Next Generation EU: a euro area perspective," Occasional Paper Series 291, European Central Bank.
• Zeqin Liu & Zongwu Cai & Ying Fang, 2022. "Estimating Treatment Effects of Monetary Policies and Macro-prudential Policies: From the Perspectives of Macro-economic Policy Evaluation," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202210, University of Kansas, Department of Economics, revised Apr 2022.
• Elsby, Michael W. L. & Smith, Jennifer & Wadsworth, Jonathan, 2021. "Population growth, immigration and labour market dynamics," LSE Research Online Documents on Economics 113822, London School of Economics and Political Science, LSE Library.
• António Afonso & Francisco Gomes Pereira, 2022. "Unconventional Monetary Policy in the Euro Area. Impacts on Loans, Employment, and Investment," CESifo Working Paper Series 9610, CESifo.
• Masciandaro, Donato & Goodhart, Charles & Ugolini, Stefano, 2022. "Pandemic recession and helicopter money: Venice, 1629-1631," LSE Research Online Documents on Economics 113845, London School of Economics and Political Science, LSE Library.
• Victoria Gregory & Guido Menzio & David Wiczer, 2022. "The Alpha Beta Gamma of the Labor Market," Working Papers 22-10, Center for Economic Studies, U.S. Census Bureau.
• Niko Hauzenberger & Daniel Kaufmann & Rebecca Stuart & Cédric Tille, 2022. "What Drives Long-Term Interest Rates? Evidence from the Entire Swiss Franc History 1852-2020," IRENE Working Papers 22-03, IRENE Institute of Economic Research.
• Gabriel Rodríguez & Renato Vassallo, 2022. "Time Evolution of External Shocks on Macroeconomic Fluctuations in Pacific Alliance Countries: Empirical Application using TVP-VAR-SV Models," Documentos de Trabajo / Working Papers 2022-508, Departamento de Economía - Pontificia Universidad Católica del Perú.
• Hidekazu Niwa, 2022. "Review of the Fiscal Theory of the Price Level," OSIPP Discussion Paper 22E002, Osaka School of International Public Policy, Osaka University.
• Guner, Nezih & Ruggieri, Alessandro, 2022. "Misallocation and Inequality," IZA Discussion Papers 15174, Institute of Labor Economics (IZA).
• Porras, María Sylvina & Martín-Román, Ángel L., 2022. "The heterogeneity of Okun’s law: A metaregression analysis," MPRA Paper 112442, University Library of Munich, Germany.
• Dezhbakhsh, Hashem & Levy, Daniel, 2022. "Interpolation and Shock Persistence of Prewar U.S. Macroeconomic Time Series: A Reconsideration," MPRA Paper 112493, University Library of Munich, Germany.
• David Reifschneider & David Wilcox, 2022. "The case for a cautiously optimistic outlook for US inflation," Policy Briefs PB22-3, Peterson Institute for International Economics.
• Danila, Marius Ioan, 2021. "Sistemul financiar-bancar in era Next Generation EU [Banking in the Next generation EU era]," MPRA Paper 112553, University Library of Munich, Germany.
• Teichgraeber, Andreas Oliver Felix & Van Reenen, John, 2021. "Have productivity and pay decoupled in the UK?," LSE Research Online Documents on Economics 113833, London School of Economics and Political Science, LSE Library.
• International Monetary Fund, 2022. "People’s Republic of China—Hong Kong Special Administrative Region: 2022 Article IV Consultation Discussions-Press Release; and Staff Report," IMF Staff Country Reports 2022/069, International Monetary Fund.
• José Alves & João Quental Gonçalves, 2022. "How Money Relates to Value? An Empirical Examination on Gold, Silver and Bitcoin," CESifo Working Paper Series 9662, CESifo.
• Junior A. Ojeda Cunya & Gabriel Rodríguez, 2022. "Time-Varying Effects of External Shocks on Macroeconomic Fluctuations in Peru: An Empirical Application using TVP-VAR- SV Models," Documentos de Trabajo / Working Papers 2022-507, Departamento de Economía - Pontificia Universidad Católica del Perú.
• De Nardi, Mariacristina & Pashchenko, Svetlana & Porapakkarm, Ponpoje, 2022. "The Lifetime Costs of Bad Health," MPRA Paper 112492, University Library of Munich, Germany.
• Pablo Andrés Neumeyer & Juan Pablo Nicolini, 2022. "The Incredible Taylor Principle," Working Papers 790, Federal Reserve Bank of Minneapolis.
• Heath Milsom, Luke & Roland, Isabelle, 2021. "Minimum wages and the China syndrome: causal evidence from US local labor markets," LSE Research Online Documents on Economics 113850, London School of Economics and Political Science, LSE Library.
• International Monetary Fund, 2022. "Ukraine: Request for Purchase under the Rapid Financing Instrument and Cancellation of Stand-by Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Ukraine;," IMF Staff Country Reports 2022/074, International Monetary Fund.
• Glötzl, Erhard, 2022. "Macroeconomic General Constrained Dynamic models (GCD models)," MPRA Paper 112385, University Library of Munich, Germany.
• Alessandro Di Nola & Leo Kaas & Haomin Wang, 2022. "Rescue Policies for Small Businesses in the Covid-19 Recession," CESifo Working Paper Series 9641, CESifo.
• Glötzl, Erhard, 2022. "General Constrained Dynamic (GCD) models with intertemporal utility functions," MPRA Paper 112387, University Library of Munich, Germany.
• Patrick Alexander & Abeer Reza, 2022. "Exports and the Exchange Rate: A General Equilibrium Perspective," Staff Working Papers 22-18, Bank of Canada.
• Di Nola, Alessandro & Kaas, Leo & Wang, Haomin, 2022. "Rescue policies for small businesses in the COVID-19 recession," SAFE Working Paper Series 343, Leibniz Institute for Financial Research SAFE.
• Supriyanto, 2022. "The Effect of Investment Risk, Macroeconomics on Stock Prices in IPO Companies during the Covid-19 Pandemic," GATR Journals afr209, Global Academy of Training and Research (GATR) Enterprise.
• Borowczyk-Martins, Daniel & Pacini, David, 2022. "Measuring Labor Market Transitions in Europe: Identification and Validation Analysis," Working Papers 3-2022, Copenhagen Business School, Department of Economics.
• Rebecca Stuart, 2022. "160 Years of Aggregate Supply and Demand in Switzerland," IRENE Working Papers 22-01, IRENE Institute of Economic Research.
• António Afonso & João Tovar Jalles & Zoe Venter, 2022. "Minimum Wage and Collective Bargaining Reforms: A Narrative Database for Advanced Economies," Working Papers REM 2022/0224, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Carlos Carrillo-Tudela & Camila Comunello & Alex Clymo & Annette Jäckle & Ludo Visschers & David Zentler-Munro, 2022. "Search and Reallocation in the Covid-19 Pandemic: Evidence from the UK," CESifo Working Paper Series 9621, CESifo.
• Klüh, Ulrich & Urban, Janina, 2022. "Independently green? An integrated strategy for a transformative ECB," ZNWU Discussion Papers 9, Darmstadt University of Applied Sciences, Darmstadt Business School, Center for Sustainable Economic and Corporate Policy (SECP).
• Marco Cipriani & James A. Clouse & Lorie Logan & Antoine Martin & Will Riordan, 2022. "The Fed’s Balance Sheet Runoff: The Role of Levered NBFIs and Households," Liberty Street Economics 20220412, Federal Reserve Bank of New York.
• Florian Eckert & Heiner Mikosch, 2021. "Firm Bankruptcies and Start-Up Activity in Switzerland During the Corona Crisis," KOF Working papers 21-499, KOF Swiss Economic Institute, ETH Zurich.
• International Monetary Fund, 2022. "Bangladesh: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bangladesh," IMF Staff Country Reports 2022/071, International Monetary Fund.
• Emara, Noha & Zecheru, Daniela, 2022. "Is the Impact of Digitization on Domestic Inflation Non-Linear? The Case of Emerging Markets," MPRA Paper 106015, University Library of Munich, Germany.
• Baker, Scott R. & Davis, Steven J. & Levy, Jeffrey A., 2022. "State-Level Economic Policy Uncertainty," IZA Discussion Papers 15156, Institute of Labor Economics (IZA).
• Doerr, Sebastian & Kabas, Gazi & Ongena, Steven, 2022. "Population aging and bank risk-taking," MPRA Paper 112426, University Library of Munich, Germany.
• Bell, Brian & Bloom, Nicholas & Blundell, Jack, 2021. "This time is not so different: income dynamics during the Covid-19 recession," LSE Research Online Documents on Economics 113877, London School of Economics and Political Science, LSE Library.
• Danilo Cascaldi-Garcia & J. David López-Salido & Francesca Loria, 2022. "Is Trend Inflation at Risk of Becoming Unanchored? The Role of Inflation Expectations," FEDS Notes 2022-03-31, Board of Governors of the Federal Reserve System (U.S.).
• Bajgar, Matej & Criscuolo, Chiara & Timmis, Jonathan, 2021. "Intangibles and industry concentration: supersize me," LSE Research Online Documents on Economics 113851, London School of Economics and Political Science, LSE Library.
• Marco Cipriani & James A. Clouse & Lorie Logan & Antoine Martin & Will Riordan, 2022. "The Fed’s Balance Sheet Runoff and the ON RRP Facility," Liberty Street Economics 20220411, Federal Reserve Bank of New York.
• Cecilia Regueira, 2020. "Estrategias de precio de los supermercados en Uruguay," Documentos de Trabajo (working papers) 0620, Department of Economics - dECON.
• Kuikeu, Oscar, 2022. "Les coûts de l’inflation [Inflation costs]," MPRA Paper 112624, University Library of Munich, Germany.
• Reona Hagiwara, 2022. "Welfare Effects of Health Insurance Reform: The Role of Elastic Medical Demand," IMES Discussion Paper Series 22-E-05, Institute for Monetary and Economic Studies, Bank of Japan.
• Stungwa, Sanele, 2022. "Empirical modeling of South Africa’s external debt on economic growth (1994 -2020): NARDL Cointegration approach," MPRA Paper 112527, University Library of Munich, Germany, revised 19 Mar 2022.
• Congressional Budget Office, 2022. "Quantifying the Uncertainty of Long-Term Economic Projections: Working Paper 2022-07," Working Papers 57711, Congressional Budget Office.
• M.Ajide, Folorunsho, 2022. "Firm-specific, and institutional determinants of corporate investments in Nigeria," Working Papers 21, Department of Economics, University of Ilorin.
• Kintzinger, Paulina & Horky, Florian, 2022. "Dynamics and Developments of Chinese M&A Transactions in the wake of the BRI: A comparison of Germany and CEEC," MPRA Paper 112630, University Library of Munich, Germany.
• Eric Engstrom & Steven A. Sharpe, 2022. "(Don't Fear) The Yield Curve, Reprise," FEDS Notes 2022-03-25, Board of Governors of the Federal Reserve System (U.S.).
• Edmond Berisha & Ram Sewak Dubey & Eric Olson, 2022. "Monetary policy and the racial wage gap," Papers 2203.03565, arXiv.org.
• Ming Deng & Markus Leippold & Alexander F. Wagner & Qian Wang, 2022. "War and Policy: Investor Expectations on the Net-Zero Transition," Swiss Finance Institute Research Paper Series 22-29, Swiss Finance Institute, revised May 2023.
• Gustavo Bittencourt & Nicolás Reig & Cecilia Rodriguez, 2020. "Efectos de la inversión extranjera directa sobre la inversión en América Latina 1970-2017," Documentos de Trabajo (working papers) 0320, Department of Economics - dECON.
• Volckart, Oliver, 2020. "The dear old holy Roman realm, how does it hold together? Monetary policies, cross-cutting cleavages and political cohesion in the age of Reformation," LSE Research Online Documents on Economics 100466, London School of Economics and Political Science, LSE Library.
• Moritz Drechsel-Grau & Andreas Peichl & Johannes F. Schmieder & Kai D. Schmid & Hannes Walz & Stefanie Wolter, 2022. "Inequality and Income Dynamics in Germany," NBER Working Papers 29818, National Bureau of Economic Research, Inc.
• Cameron Fen & Samir Undavia, 2022. "Improving Macroeconomic Model Validity and Forecasting Performance with Pooled Country Data using Structural, Reduced Form, and Neural Network Model," Papers 2203.06540, arXiv.org.
• Alexander Chudik & M. Hashem Pesaran & Ron P. Smith, 2022. "Revisiting the Great Ratios Hypothesis," CESifo Working Paper Series 9625, CESifo.
• Huynh, Cong Minh & Le, Quoc Nha, 2022. "A multi-dimensional free market and income inequality in developing Asia: How does the quality of governance matter?," MPRA Paper 112013, University Library of Munich, Germany.
• Daniela Balutel & Marie-Hélène Felt & Gradon Nicholls & Marcel Voia, 2022. "Bitcoin Awareness, Ownership and Use: 2016–20," Discussion Papers 2022-10, Bank of Canada.
• Cormier, Ben, 2022. "Partisan external borrowing in middle-income countries," LSE Research Online Documents on Economics 113929, London School of Economics and Political Science, LSE Library.
• Mtero, Charles Tapedza & Runganga, Raynold, 2021. "Inflation and Stock Market Returns in Zimbabwe: Comparison Among the GARCH, EGARCH and TGARCH Models," MPRA Paper 112408, University Library of Munich, Germany, revised 15 Mar 2022.
• Shah, Anand, 2022. "Valuation of Loyalty Tokens," MPRA Paper 111986, University Library of Munich, Germany.
• M R Yasoa, 2021. "External Shariah Audit Services from Practitioners' Views: The Case of Malaysian Islamic Banks," GATR Journals jfbr193, Global Academy of Training and Research (GATR) Enterprise.
• Pietrovito, Filomena & Pozzolo, Alberto Franco, 2022. "Did small banks trade-off lending with government bond purchases during the Sovereign debt crisis?," Economics & Statistics Discussion Papers esdp22083, University of Molise, Department of Economics.
• Oluc, Ihsan & Ben Jebli, Mehdi & Can, Muhlis & Guzel, Ihsan & Brusselaers, Jan, 2022. "The Productive Capacity And Environment: Evidence From OECD Countries," MPRA Paper 112590, University Library of Munich, Germany.
• Zinn, Jesse Aaron, 2022. "The Money Multiplier and Other Measures of Financial Sector Performance," SocArXiv zusqa, Center for Open Science.
• Danila, Marius, 2021. "EURO DIGITAL – un raspuns firesc la provocarile actuale [DIGITAL EURO - a normal reaction to current challenges]," MPRA Paper 112615, University Library of Munich, Germany.
• Naimoli, Antonio, 2022. "The information content of sentiment indices for forecasting Value at Risk and Expected Shortfall in equity markets," MPRA Paper 112588, University Library of Munich, Germany.