Report NEP-MAC-2004-02-29

This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra Kumar 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:

• Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2003, "Does opening a stock exchange increase economic growth?," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-36.
• Gersbach, Hans & Hahn, Volker, 2003, "Signalling and Commitment: Monetary versus Inflation Targeting," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4151, Dec.
• Sargent, Thomas & Ljungqvist, Lars, 2004, "European Unemployment and Turbulence Revisited in a Matching Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4183, Jan.
• Mauricio Avella Gómez, 2003, "Antecedentes Históricos de la Deuda Colombiana. El Papel Amortiguador de la Deuda Pública Interna Durante la Gran Depresión, 1929-1934," Borradores de Economia, Banco de la Republica de Colombia, number 270, Dec, DOI: 10.32468/be.270.
• Daniel A. Tirado & Jordi Pons & Elisenda Paluzie, 2003, "Industrial agglomerations and wage gradients: the Spanish economy in the interwar period (?)," ERSA conference papers, European Regional Science Association, number ersa03p113, Aug.
• Guilherme Carmona, 2004, "Social Norms and Monetary Trading," Macroeconomics, University Library of Munich, Germany, number 0402030, Feb.
• Aksoy, Yunus & Orphanides, Athanasios & Wieland, Volker & Wilcox, David & Small, David, 2003, "A Quantitative Exploration of the Opportunistic Approach to Disinflation," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4073, Sep.
• Thomas A. Garrett & Gary A. Wagner & David C. Wheelock, 2005, "A spatial analysis of state banking regulation," Working Papers, Federal Reserve Bank of St. Louis, number 2003-044, DOI: 10.20955/wp.2003.044.
• Michael D. Bordo & John Landon Lane & Angela Redish, 2004, "Good versus Bad Deflation: Lessons from the Gold Standard Era," NBER Working Papers, National Bureau of Economic Research, Inc, number 10329, Feb.
• Monfort, Alain & Vitale, Giovanni & Rüffer, Rasmus & Renne, Jean-Paul, 2003, "Is Economic Activity in the G7 Synchronized? Common Shocks versus Spillover Effects," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4119, Nov.
• Snower, Dennis & Karanassou, Marika & Sala, Hector, 2003, "The European Phillips Curve: Does the NAIRU Exist?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4102, Oct.
• Shujiro Urata, 2004, "The Shift from "Market-led" to "Institution-led" Regional Economic Integration in East Asia in the late 1990s," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 04012, Feb.
• Gerald P. Dwyer & James R. Lothian, 2003, "The economics of international monies," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-37.
• Bettina Isengard & Thorsten Schneider, 2004, "The Attitudes towards the Euro: An Empirical Study Based on the German Socio-Economic Panel (SOEP)," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 403.
• Javier Gómez Pineda, 2004, "Inflation Targeting, Sudden Stops and the Cost of Fear of Floating," Borradores de Economia, Banco de la Republica de Colombia, number 276, Feb, DOI: 10.32468/be.276.
• Spilimbergo, Antonio & Duttagupta, Rupa, 2003, "What Happened to Asian Exports During the Crisis?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4158, Dec.
• Farmer, Roger & Beyer, Andreas, 2003, "On the Indeterminacy of Determinacy and Indeterminacy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4101, Oct.
• Mikhail Golosov & Larry E. Jones & Michele Tertilt, 2004, "Efficiency with endogenous population growth," Working Papers, Federal Reserve Bank of Minneapolis, number 630.
• Martha Misas Arango & Enrique López Enciso & Diego Vásquez Escobar, 2004, "Tendencias Estocásticas Comunes y Fluctuaciones en la Economía Colombiana: 1950-2002," Borradores de Economia, Banco de la Republica de Colombia, number 275, Feb, DOI: 10.32468/be.275.
• Persson, Torsten & Roland, Gérard & Tabellini, Guido, 2004, "How do Electoral Rules Shape Party Structures, Government Coalitions and Economic Policies?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4226, Feb.
• Aronsson, Thomas & Markström, Mikael & Sjögren, Tomas, 2004, "Public Provision of Private Goods and Equilibrium Unemployment," Umeå Economic Studies, Umeå University, Department of Economics, number 628, Feb.
• Luisa Decuir-Viruez, 2003, "Institutional Factors in the Economic growth of Mexico," ERSA conference papers, European Regional Science Association, number ersa03p264, Aug.
• Raymond Florax & Henri L.F. De Groot & Reinout Heijungs, 2003, "The Empirical Economic Growth Literature: Robustness, Significance and Size," ERSA conference papers, European Regional Science Association, number ersa03p540, Aug.
• Lavan Mahadeva & Katerina Smidkova, 2004, "Modelling transmission mechanism of monetary policy in the Czech Republic," Macroeconomics, University Library of Munich, Germany, number 0402032, Feb.
• Renström, Thomas I & Marsiliani, Laura & Basu, Parantap, 2004, "Optimal Dynamic Taxation with Indivisible Labour," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4190, Jan.
• Myriam Quispe-Agnoli, 2003, "Stabilization programs and policy credibility: Peru in the 1990s," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-40.
• Marcet, Albert & Ravn, Morten, 2004, "The HP-Filter in Cross-Country Comparisons," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4244, Feb.
• Jordi Pons & Ramon Tremosa-i-Balcells, 2003, "Macroeconomic Effects of Catalan Fiscal Deficit with the Spanish State (2002-2010) (?)," ERSA conference papers, European Regional Science Association, number ersa03p128, Aug.
• Hughes Hallett, Andrew & Demertzis, Maria, 2003, "Three Models of Imperfect Transparency in Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4117, Nov.
• Blanchard, Olivier & Giavazzi, Francesco, 2004, "Improving the SGP Through a Proper Accounting of Public Investment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4220, Feb.
• Rodrik, Dani, 2003, "Growth Strategies," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4100, Oct.
• Irmen, Andreas, 2004, "Extensive and Intensive Growth in a Neoclassical Framework," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4266, Feb.
• V. V. Chari & Patrick J. Kehoe, 2003, "On the desirability of fiscal constraints in a monetary union," Staff Report, Federal Reserve Bank of Minneapolis, number 330.
• José Cadima Ribeiro & José Freitas Santos, 2003, "Retail Macro-location Factors: Empirical Evidence from the Portuguese Shopping Centres," ERSA conference papers, European Regional Science Association, number ersa03p45, Aug.
• Sutherland, Alan & Lombardo, Giovanni, 2004, "Policy Instrument Choice and non-coordinated Monetary Policy in Interdependent Economies," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4257, Feb.
• Chryssanthi Balomenou, 2003, "The contribution of the European Investment Fund Small Medium Sized Enterprises Guarantee Facility and of the Greek new Institution of SMEs Credit Guarantee Fund to the local Entrepreneurship and gene," ERSA conference papers, European Regional Science Association, number ersa03p89, Aug.
• Sutherland, Alan, 2004, "International Monetary Policy Coordination and Financial Market Integration," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4251, Feb.
• William T. Gavin & Athena T. Theodorou, 2004, "A common model approach to macroeconomics: using panel data to reduce sampling error," Working Papers, Federal Reserve Bank of St. Louis, number 2003-045, DOI: 10.20955/wp.2003.045.
• Zechner, Josef & Stoughton, Neal, 2004, "Optimal Capital Allocation Using RAROC(tm) and EVA," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4169, Jan.
• Eduardo J. J. Ganapolsky, 2003, "Reserve requirements, bank runs, and optimal policies in small open economies," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-39.
• Gual, Jordi, 2004, "The Integration of EU Banking Markets," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4212, Jan.
• Dessein, Wouter & Santos, Tano, 2003, "The Demand for Coordination," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4096, Oct.
• Ossama Mikhail, 2004, "No More Rocking Horses: Trading Business-Cycle Depth for Duration Using an Economy-Specific Characteristic," Macroeconomics, University Library of Munich, Germany, number 0402026, Feb.
• Marcin Piatkowski, 2004, "Does ICT Investment Matter for Growth and Labor Productivity in Transition Economies?," Development and Comp Systems, University Library of Munich, Germany, number 0402008, Feb.
• María Paola Figueroa & Javier Gómez Pineda, 2003, "Modelo Mensual de Canales de Transmisión," Borradores de Economia, Banco de la Republica de Colombia, number 267, Dec, DOI: 10.32468/be.267.
• Simon Gilchrist & Charles P. Himmelberg & Gur Huberman, 2004, "Do stock price bubbles influence corporate investment?," Staff Reports, Federal Reserve Bank of New York, number 177.
• Nicholas Oulton, 2004, "Investment-specific technological change and growth accounting," Bank of England working papers, Bank of England, number 213, Feb.
• William E. Ginn, 2004, "Policy Assessment of the European Central Bank and the Stability and Growth Pact’s Echo of the Conventional Wisdom on Budget Management," International Finance, University Library of Munich, Germany, number 0402004, Feb.
• Michael Chui & Simon Hall & Ashley Taylor, 2004, "Crisis spillovers in emerging market economies: interlinkages, vulnerabilities and investor behaviour," Bank of England working papers, Bank of England, number 212, Feb.
• Miroslav Hrncir & Katerina Smidkova, 2004, "Inflation targeting in the Czech Republic," Macroeconomics, University Library of Munich, Germany, number 0402031, Feb.
• van der Ploeg, Frederick, 2004, "Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4222, Feb.
• Alexander Granberg & Alexander Pelyasov, 2003, "A comparative analysis of the cohesion policy in the Russian Federation and in the European Union," ERSA conference papers, European Regional Science Association, number ersa03p255, Aug.
• Svensson, Lars E.O. & Woodford, Michael, 2004, "Implementing Optimal Policy Through Inflation-Forecast Targeting," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4229, Feb.
• Olivier Blanchard, 2004, "The Economic Future of Europe," NBER Working Papers, National Bureau of Economic Research, Inc, number 10310, Mar.
• Kanta Marwah & Akbar Tavakoli, 2004, "The Effect of Foreign Capital and Imports on Economic Growth: Further Evidence from Four Asian Countries," Carleton Economic Papers, Carleton University, Department of Economics, number 04-02, Feb.
• Michael G. Arghyrou, 2004, "Debt Sustainability, Structural Breaks and Non-linear Fiscal Adjustment: A Testing Application to Greek Fiscal Policy," Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University, number 04-01, Feb.
• Driffill, John & Rotondi, Zeno, 2004, "Monetary Policy and Lexicographic Preference Ordering," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4247, Feb.
• Césaire Meh & Kevin Moran, 2004, "Bank Capital, Agency Costs, and Monetary Policy," Staff Working Papers, Bank of Canada, number 04-6, DOI: 10.34989/swp-2004-6.
• Claudio Dos Santos & Gennaro Zezza, 2004, "A Post-Keynesian Stock-Flow Consistent Macroeconomic Growth," Macroeconomics, University Library of Munich, Germany, number 0402027, Feb.
• Jon R. Moen & Ellis W. Tallman, 2003, "The call loan market in the U.S. financial system prior to the Federal Reserve System," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-43.
• Michel, Philippe & Pestieau, Pierre, 2004, "Fiscal Policy with Agents Differing in Altruism and in Ability," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4254, Feb.
• Charles T. Carlstrom & Timothy S. Fuerst, 2003, "Comments on backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0319, DOI: 10.26509/frbc-wp-200319.
• Adam, Klaus & Billi, Roberto, 2003, "Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4111, Nov.
• Van den Berg, Gerard & Lindeboom, Maarten & Portrait, France, 2004, "Individual Mortality and Macroeconomic Conditions from Birth to Death," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4200, Jan.
• Chadha, Jagjit S & Sarno, Lucio & Valente, Giorgio, 2003, "Monetary Policy Rules, Asset Prices and Exchange Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4114, Nov.
• Andres Rodríguez-Pose & Ugo Fratesi, 2003, "Regional economic cycles and the emergence of sheltered economies in the periphery of the EU," ERSA conference papers, European Regional Science Association, number ersa03p189, Aug.
• Christopher J. Neely & Drew B. Winters, 2005, "Year-end seasonality in one-month LIBOR derivatives," Working Papers, Federal Reserve Bank of St. Louis, number 2003-040, DOI: 10.20955/wp.2003.040.
• Item repec:wiw:wiwrsa:ersa03p109 is not listed on IDEAS anymore

• Trifon Kostopoulos, 2003, "The European Monetary Union and the Regional Inequalities (?)," ERSA conference papers, European Regional Science Association, number ersa03p79, Aug.
• Zenou, Yves, 2003, "Efficiency Wages, Urban Unemployment and Housing Consumption," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4153, Dec.
• Claudio H. Dos Santos, 2004, "A Stock-Flow Consistent General Framework for Minskyan Analysis of Closed Economics," Macroeconomics, University Library of Munich, Germany, number 0402028, Feb.
• Michael Kremer & Edward Miguel, 2004, "The Illusion of Sustainability," NBER Working Papers, National Bureau of Economic Research, Inc, number 10324, Feb.
• Andrew Bauer & Nicholas Haltom & Juan F. Rubio-Ramirez, 2003, "Using the Kalman filter to smooth the shocks of a dynamic stochastic general equilibrium model," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-32.
• Sergio Clavijo & Carlos Varela, 2003, "Flotación Cambiaria y Esterilización Monetaria: La Experiencia de Colombia," Borradores de Economia, Banco de la Republica de Colombia, number 256, Aug, DOI: 10.32468/be.256.
• Miguel Delfiner, 2004, "Patrones de Fluctuación de la curva de rendimientos en Argentina," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 259, Feb.
• George Petrakos & Andres Rodríguez-Pose & Antonis Rovolis, 2003, "Growth, Integration and Regional Inequality in Europe," ERSA conference papers, European Regional Science Association, number ersa03p46, Aug.
• Dellas, Harris, 2003, "The Informational Role of the Business Cycle," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4076, Oct.
• Lawrence J. Christiano & Roberto Motto & Massimo Rostagno, 2004, "The Great Depression and the Friedman-Schwartz hypothesis," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0318, DOI: 10.26509/frbc-wp-200318.
• Buiter, Willem, 2004, "Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4202, Jan.
• Scott L. Baier & Charles T. Carlstrom & Ralph Chami & Thomas F. Cosimano & Timothy S. Fuerst & Connel R. Fullenkamp, 2003, "Capital trading, stock trading, and the inflation tax on equity: a note," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0321, DOI: 10.26509/frbc-wp-200321.
• Luis Eduardo Arango & María Angélica Arosemena, 2003, "El Tramo Corto de la Estructura a Plazo como predictor de Expectativas de Inflación en Colombia," Borradores de Economia, Banco de la Republica de Colombia, number 264, Oct, DOI: 10.32468/be.264.
• Svensson, Lars E.O., 2004, "Optimal Policy with Low-Probability Extreme Events," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4218, Feb.
• Domenico Campisi & Maria Assunta Barchiesi & Carlo Tesauro, 2003, "Does Knowledge Trade Create Growth Everywhere? Questions and Reply from a Cross-Country Comparison," ERSA conference papers, European Regional Science Association, number ersa03p303, Aug.
• Lippi, Francesco & Neri, Stefano, 2003, "Information Variables for Monetary Policy in a Small Structural Model of the Euro Area," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4125, Dec.
• Item repec:cla:uclaol:287 is not listed on IDEAS anymore

• Weder, Mark, 2004, "A Heliocentric Journey into Germany's Great Depression," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4191, Jan.
• Gerald Curtis, 2004, "Japanese Political Parties: Ideals and Reality," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 04005, Feb.
• John H. Boyd & Bruce A. Champ, 2003, "Inflation and financial market performance: what have we learned in the last ten years?," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0317, DOI: 10.26509/frbc-wp-200317.
• Alexander Granberg & Ioulia Zaitseva, 2003, "Macroeconomy of the Russian regions ? neighboring with the New European Union," ERSA conference papers, European Regional Science Association, number ersa03p88, Aug.
• Razin, Assaf, 2004, "Aggregate Supply and Potential Output," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4217, Jan.
• Driffill, John & Sola, Martin & Kenc, Turalay & Spagnolo, Fabio, 2004, "On Model Selection and Markov Switching: A Empirical Examination of Term Structure Models with Regime Shifts," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4165, Jan.
• Devereux, Michael B, 2003, "Exchange Rate Policy and Endogenous Price Flexibility," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4121, Nov.
• Daniel Mejía & Carlos Posada, 2003, "Capital Destruction, Optimal Defense and Economic Growth," Borradores de Economia, Banco de la Republica de Colombia, number 257, Sep, DOI: 10.32468/be.257.
• Farmer, Roger & Beyer, Andreas, 2003, "Identifying the Monetary Transmission Mechanism Using Structural Breaks," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4106, Nov.
• Juan R. Cuadrado-Roura & Carlos Iglesias & Raquel Llorente & Estela Barriopedro, 2003, "Patterns of Fluctuation of Employment in the European Union: National Cycles and Effects of Tertiarization," ERSA conference papers, European Regional Science Association, number ersa03p459, Aug.
• José Pablo Dapena, 2004, "Absorción de shocks en economías volátiles: Ahorro a través de acciones en mercados de capitales. Caso argentino 1993-2001," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 257, Feb.
• Lippi, Francesco & Fuchs, William, 2003, "Monetary Union with Voluntary Participation," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4122, Nov.
• Koskela, Erkki & Stenbacka, Rune, 2004, "Profit Sharing, Credit Market Imperfections and Equilibrium Unemployment," IZA Discussion Papers, Institute of Labor Economics (IZA), number 1020, Feb.
• Honkapohja, Seppo & Mitra, Kaushik, 2003, "Performance of Inflation Targeting Based on Constant Interest Rate Projections," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4126, Dec.
• Jesús Fernández-Villaverde & Juan F. Rubio-Ramirez, 2003, "Some results on the solution of the neoclassical growth model," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2003-34.
• Charles T. Carlstrom & Timothy S. Fuerst, 2003, "Investment and interest rate policy: a discrete time analysis," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0320, DOI: 10.26509/frbc-wp-200320.

Report NEP-MAC-2004-02-29

This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra Kumar Mallick issued this report. It is usually issued weekly.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-MAC

The following items were announced in this report: