## Report NEP-MAC-2005-02-13

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

Other reports in NEP-MAC

The following items were announced in this report:

- Mariam Camarero & Josep Lluis Carrion Silvestre & Cecilio Tamarit, 2005.
"
**Unemployment dynamics and NAIRU estimates for CEECs : A univariate approach**," Working Papers in Economics 131, Universitat de Barcelona. Espai de Recerca en Economia. - Item repec:bbk:bbkefp:0412 is not listed on IDEAS anymore
- Item repec:bbk:bbkefp:0413 is not listed on IDEAS anymore
- Solveig K. Erlandsen & Ragnar Nymoen, 2004.
"
**Consumption and population age structure**," Working Paper 2004/22, Norges Bank. - Barsky, Robert & Kilian, Lutz, 2004.
"
**Oil and the Macroeconomy Since the 1970s**," CEPR Discussion Papers 4496, C.E.P.R. Discussion Papers. - Danthine, Jean-Pierre & Kurmann, Andre, 2004.
"
**Efficiency Wages Revisited: The Internal Reference Perspective**," CEPR Discussion Papers 4503, C.E.P.R. Discussion Papers. - Gaspar, Vitor & PÃ©rez-QuirÃ³s, Gabriel & Rodriguez Mendizabal, Hugo, 2004.
"
**Interest Rate Determination in the Interbank Market**," CEPR Discussion Papers 4516, C.E.P.R. Discussion Papers. - Bekaert, Geert & Ang, Andrew, 2004.
"
**The Term Structure of Real Rates and Expected Inflation**," CEPR Discussion Papers 4518, C.E.P.R. Discussion Papers. - GalÃ, Jordi & Rabanal, Pau, 2004.
"
**Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Post-War US Data?**," CEPR Discussion Papers 4522, C.E.P.R. Discussion Papers. - Saint-Paul, Gilles & BramoullÃ©, Yann, 2004.
"
**Social Networks and Labour Market Transitions**," CEPR Discussion Papers 4523, C.E.P.R. Discussion Papers. - Buiter, Willem & Sibert, Anne, 2004.
"
**Deflationary Bubbles**," CEPR Discussion Papers 4528, C.E.P.R. Discussion Papers. - Fischer, Andreas, 2004.
"
**Price Clustering in the FX Market: A Disaggregate Analysis Using Central Bank Intervention**," CEPR Discussion Papers 4529, C.E.P.R. Discussion Papers. - NessÃ©n, Marianne & SÃ¶derstrÃ¶m, Ulf & Linde, Jesper, 2004.
"
**Monetary Policy in an Estimated Open-Economy Model with Imperfect Pass-Through**," CEPR Discussion Papers 4531, C.E.P.R. Discussion Papers. - Canova, Fabio & Ciccarelli, Matteo & Ortega, Eva, 2004.
"
**Similarities and Convergence in G7 Cycles**," CEPR Discussion Papers 4534, C.E.P.R. Discussion Papers. - Rebucci, Alessandro & Ciccarelli, Matteo, 2004.
"
**Has the Transmission Mechanism of European Monetary Policy Changed in the Run-Up to EMU?**," CEPR Discussion Papers 4535, C.E.P.R. Discussion Papers. - Dedola, Luca & Neri, Stefano, 2004.
"
**What Does A Technology Shock Do? A VAR Analysis with Model-based Sign Restrictions**," CEPR Discussion Papers 4537, C.E.P.R. Discussion Papers. - Booth, Alison & Sepulveda, Facundo, 2004.
"
**Endogenous Fertility Policy**," CEPR Discussion Papers 4575, C.E.P.R. Discussion Papers. - Klein, Paul, 2004.
"
**Time Consistent Public Expenditures**," CEPR Discussion Papers 4582, C.E.P.R. Discussion Papers. - Honohan, Patrick & Lane, Philip, 2004.
"
**Exchange Rates and Inflation Under EMU: An Update**," CEPR Discussion Papers 4583, C.E.P.R. Discussion Papers. - Muellbauer, John & Nunziata, Luca, 2004.
"
**Forecasting (and Explaining) US Business Cycles**," CEPR Discussion Papers 4584, C.E.P.R. Discussion Papers. - Adam, Klaus & Billi, Roberto, 2004.
"
**Optimal Monetary Policy Under Discretion with a Zero Bound on Nominal Interest Rates**," CEPR Discussion Papers 4585, C.E.P.R. Discussion Papers. - Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2004.
"
**Federal Funds Rate Prediction**," CEPR Discussion Papers 4587, C.E.P.R. Discussion Papers. - Soskice, David & Carlin, Wendy, 2004.
"
**The 3-Equation New Keynesian Model: A Graphical Exposition**," CEPR Discussion Papers 4588, C.E.P.R. Discussion Papers. - Adam, Klaus, 2004.
"
**Optimal Monetary Policy with Imperfect Common Knowledge**," CEPR Discussion Papers 4594, C.E.P.R. Discussion Papers. - Svensson, Lars E.O. & Jeanne, Olivier, 2004.
"
**Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank**," CEPR Discussion Papers 4599, C.E.P.R. Discussion Papers. - Garibaldi, Pietro & Violante, Giovanni, 2004.
"
**The Employment Effects of Severance Payments with Wage Rigidities**," CEPR Discussion Papers 4608, C.E.P.R. Discussion Papers. - Fischer, Andreas & Amstad, Marlene, 2004.
"
**Sequential Information Flow and Real-Time Diagnosis of Swiss Inflation: Intra-Monthly DCF Estimates for a Low-Inflation Environ**," CEPR Discussion Papers 4627, C.E.P.R. Discussion Papers. - Portier, Franck & Beaudry, Paul, 2004.
"
**When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?**," CEPR Discussion Papers 4628, C.E.P.R. Discussion Papers. - Floden, Martin & Domeij, David, 2004.
"
**Population Ageing and International Capital Flows**," CEPR Discussion Papers 4644, C.E.P.R. Discussion Papers. - Muellbauer, John & Aron, Janine, 2004.
"
**Estimates of Personal Sector Wealth for South Africa**," CEPR Discussion Papers 4646, C.E.P.R. Discussion Papers. - Eijffinger, Sylvester & Governatori, Matteo, 2004.
"
**Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in EMU**," CEPR Discussion Papers 4647, C.E.P.R. Discussion Papers. - Kaufmann, Sylvia & FrÃ¼hwirth-Schnatter, Sylvia, 2004.
"
**Model-based Clustering of Multiple Time Series**," CEPR Discussion Papers 4650, C.E.P.R. Discussion Papers. - von Hagen, Jurgen & Ho, Tai-Kuang, 2004.
"
**Money Market Pressure and the Determinants of Banking Crises**," CEPR Discussion Papers 4651, C.E.P.R. Discussion Papers. - Artis, Michael & Osborn, Denise & Perez-Vazquez, Pedro, 2004.
"
**The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7**," CEPR Discussion Papers 4652, C.E.P.R. Discussion Papers. - Uribe, MartÃn & Schmitt-GrohÃ©, Stephanie, 2004.
"
**Optimal Operational Monetary Policy in the Christiano-Eichenbaum-Evans Model of the US Business Cycle**," CEPR Discussion Papers 4654, C.E.P.R. Discussion Papers. - Brunnermeier, Markus & Parker, Jonathan A, 2004.
"
**Optimal Expectation**," CEPR Discussion Papers 4656, C.E.P.R. Discussion Papers. - Lane, Timothy & Caselli, Francesco & Ardagna, Silvia, 2004.
"
**Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries**," CEPR Discussion Papers 4661, C.E.P.R. Discussion Papers. - RenstrÃ¶m, Thomas I & Marsiliani, Laura, 2004.
"
**Political Institutions, Environmental Policy and Growth**," CEPR Discussion Papers 4670, C.E.P.R. Discussion Papers. - Modesto, Leonor & Lloyd-Braga, Teresa, 2004.
"
**Indeterminacy in a Finance Constrained Unionized Economy**," CEPR Discussion Papers 4679, C.E.P.R. Discussion Papers. - Scott, Andrew & Imbs, Jean & Chen, Natalie, 2004.
"
**Competition, Globalization and the Decline of Inflation**," CEPR Discussion Papers 4695, C.E.P.R. Discussion Papers. - Bayoumi, Tamim & Sgherri, Silvia, 2004.
"
**Monetary Magic? How the Fed Improved the Flexibility of the Economy**," CEPR Discussion Papers 4696, C.E.P.R. Discussion Papers. - Artis, Michael & Hoffmann, Mathias, 2004.
"
**Financial Globalization, International Business Cycles and Consumption Risk Sharing**," CEPR Discussion Papers 4697, C.E.P.R. Discussion Papers. - Caselli, Francesco, 2004.
"
**Accounting for Cross-Country Income Differences**," CEPR Discussion Papers 4703, C.E.P.R. Discussion Papers. - Den Haan, Wouter & Sumner, Steven & Yamashiro, Guy, 2004.
"
**Bank Loan Components and the Time-Varying Effects of Monetary Policy Shocks**," CEPR Discussion Papers 4724, C.E.P.R. Discussion Papers. - Den Haan, Wouter & Sumner, Steven & Yamashiro, Guy, 2004.
"
**Banks' Loan Portfolio and the Monetary Transmission Mechanism**," CEPR Discussion Papers 4725, C.E.P.R. Discussion Papers. - Repullo, Rafael, 2004.
"
**Policies for Banking Crises: A Theoretical Framework**," CEPR Discussion Papers 4727, C.E.P.R. Discussion Papers. - Buiter, Willem, 2004.
"
**The Elusive Welfare Economics of Price Stability As A Monetary Policy Objective: Should New Keynesian Central Bankers Persue Pr**," CEPR Discussion Papers 4730, C.E.P.R. Discussion Papers. - Gersbach, Hans, 2004.
"
**Financial Intermediation with Contingent Contracts and Macroeconomic Risks**," CEPR Discussion Papers 4735, C.E.P.R. Discussion Papers. - Woodford, Michael & Benigno, Pierpaolo, 2004.
"
**Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State**," CEPR Discussion Papers 4740, C.E.P.R. Discussion Papers. - Vives, Xavier, 2004.
"
**Complementarities and Games: New Developments**," CEPR Discussion Papers 4742, C.E.P.R. Discussion Papers. - Zenou, Yves & Wasmer, Etienne, 2004.
"
**Equilibrium Search Unemployment With Explicit Spatial Frictions**," CEPR Discussion Papers 4743, C.E.P.R. Discussion Papers. - Canova, Fabio & Pappa, Evi, 2004.
"
**Does it Cost to be Virtuous? The Macroeconomic Effect of Fiscal Constraints**," CEPR Discussion Papers 4747, C.E.P.R. Discussion Papers. - Smets, Frank & Wouters, Rafael, 2004.
"
**Forecasting with a Bayesian DSGE Model: An Application to the Euro Area**," CEPR Discussion Papers 4749, C.E.P.R. Discussion Papers. - Smets, Frank & Wouters, Rafael, 2004.
"
**Comparing Shocks and Frictions in US and Euro Area Business Cycles: A Bayesian DSGE Approach**," CEPR Discussion Papers 4750, C.E.P.R. Discussion Papers. - Zimmermann, Klaus F. & Constant, Amelie, 2004.
"
**Self-Employment Dynamics Across the Business Cycle: Migrants vs Natives**," CEPR Discussion Papers 4754, C.E.P.R. Discussion Papers. - von Hagen, Jurgen & Wolff, Guntram B., 2004.
"
**What Do Deficits Tell us About Debts? Empirical Evidence on Creative Accounting with Fiscal Rules in the EU**," CEPR Discussion Papers 4759, C.E.P.R. Discussion Papers. - Ellison, Martin & Graham, Liam & Vilmunen, Jouko, 2004.
"
**Strong Contagion with Weak Spillovers**," CEPR Discussion Papers 4762, C.E.P.R. Discussion Papers. - Woodford, Michael & Benigno, Pierpaolo, 2004.
"
**Optimal Taxation in an RBC Model: A Linear-Quadratic Approach**," CEPR Discussion Papers 4764, C.E.P.R. Discussion Papers. - Den Haan, Wouter & Haefke, Christian & Ramey, Gary, 2004.
"
**Turbulence and Unemployment in a Job Matching Model**," CEPR Discussion Papers 4765, C.E.P.R. Discussion Papers. - Sarno, Lucio & Ellison, Martin & Vilmunen, Jouko, 2004.
"
**Caution or Activism? Monetary Policy Strategies in an Open Economy**," CEPR Discussion Papers 4766, C.E.P.R. Discussion Papers. - Michel, DE VROEY, 2005.
"
**Involuntary Unemployment : the Elusive Quest for a Theory**," Discussion Papers (ECON - Département des Sciences Economiques) 2005004, Université catholique de Louvain, Département des Sciences Economiques. - Konstantin A., KHOLODILIN & Wension Vincent, YAO, 2004.
"
**Business Cycle Turning Points : Mixed-Frequency Data with Structural Breaks**," LIDAM Discussion Papers IRES 2004024, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). - Eva, MORENO-GALBIS & Henri R., SNEESSENS, 2004.
"
**Low-Skilled Unemployment, Capital-Skill Complementarity and Embodied Technical Progress**," LIDAM Discussion Papers IRES 2004025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). - Lionel, ARTIGE, 2004.
"
**Endogenous Growth and Regional Dynamics in an OLG Model with Land**," LIDAM Discussion Papers IRES 2004028, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). - Olivier, PIERARD, 2004.
"
**Impact of Selective Reductions in Labor Taxation**," LIDAM Discussion Papers IRES 2004035, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). - Pradeep Dubey & John Geanakoplos, 2003.
"
**Real Determinacy with Nominal Assets**," Cowles Foundation Discussion Papers 1427R, Cowles Foundation for Research in Economics, Yale University, revised Nov 2004. - Ray C. Fair, 2005.
"
**Policy Effects in the Post Boom U.S. Economy**," Cowles Foundation Discussion Papers 1497, Cowles Foundation for Research in Economics, Yale University. - Jan Marc Berk & Beata K. Bierut, 2005.
"
**On the Optimality of Decisions made by Hub-and-Spokes Monetary Policy Committees**," DNB Working Papers 027, Netherlands Central Bank, Research Department. - Peter Hans Matthews, 2005.
"
**Labor Discipline, Reputation and Underemployment Traps**," Middlebury College Working Paper Series 0501, Middlebury College, Department of Economics. - Thierry Warin, 2005.
"
**Stability and Growth Pact: An Index to Trigger an Early Warning Earlier?**," Middlebury College Working Paper Series 0502, Middlebury College, Department of Economics. - Alessandro MISSALE & Emanuele BACCHIOCCHI, 2005.
"
**Managing debt stability**," Departmental Working Papers 2005-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano. - Michael Hurd & Susann Rohwedder, 2004.
"
**The Retirement-Consumption Puzzle: Anticipated and Actual Declines in Spending at Retirement**," Working Papers wp069, University of Michigan, Michigan Retirement Research Center. - Seok-Kyun Hur, 2005.
"
**Money Growth and Interest Rates**," NBER Working Papers 11102, National Bureau of Economic Research, Inc. - Tim Robinson & Andrew Stone, 2005.
"
**Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound**," NBER Working Papers 11105, National Bureau of Economic Research, Inc. - Karen Wilson, 2005.
"
**The Architecture of the System of National Accounts: A Three Country Comparison, Canada, Australia, and United Kingdom**," NBER Working Papers 11106, National Bureau of Economic Research, Inc. - John R. Baldwin & Tarek Harchaoui, 2005.
"
**The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead**," NBER Working Papers 11107, National Bureau of Economic Research, Inc. - Manuela Francisco & Michael Bleaney, 2005.
"
**Inflation Persistence and Exchange Rate Regimes: Evidence from Developing Countries**," NIPE Working Papers 1/2005, NIPE - Universidade do Minho. - Luís Francisco Aguiar-Conraria & Yi Wen, 2005.
"
**Understanding the Impact of Oil Shocks**," NIPE Working Papers 2/2005, NIPE - Universidade do Minho. - Johann Scharler, 2004.
"
**Understanding the Stock Market’s Response to Monetary Policy Shocks**," Working Papers 93, Oesterreichische Nationalbank (Austrian Central Bank). - K. Farrant & G. Peersman, 2005.
"
**Is the exchange rate a shock absorber or a source of shocks? New empirical evidence**," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/285, Ghent University, Faculty of Economics and Business Administration. - G. Peersman, 2005.
"
**The relative importance of symmetric and asymmetric shocks and the determination of the exchange rate**," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/286, Ghent University, Faculty of Economics and Business Administration. - G. Peersman & R. Straub, 2005.
"
**Technology Shocks and Robust Sign Restrictions in a Euro Area SVAR**," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/288, Ghent University, Faculty of Economics and Business Administration. - Gustavo A. Marrero, 2004.
"
**The public investment rule in a simple endogenous endogenous growth model with public capital: active or pasive?**," Documentos de Trabajo del ICAE 0401, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico. - Frank Portier & Luis A. Puch, 2004.
"
**The Welfare Cost of Business Cycles in an Economy with Nonclearing Markets**," Documentos de Trabajo del ICAE 0403, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico. - Juan-Ángel Jiménez-Martín & Rodrigo Peruga Urrea, 2004.
"
**Macroeconomic and policy uncertainty and Exchange rate risk Premium**," Documentos de Trabajo del ICAE 0412, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico. - Herrera, Santiago, 2005.
"
**Policy mix, public debt management, and fiscal rules - lessons from the 2002 Brazilian crisis**," Policy Research Working Paper Series 3512, The World Bank. - Item repec:kas:wpaper:68/05 is not listed on IDEAS anymore
- Item repec:kas:wpaper:2004-52 is not listed on IDEAS anymore
- Item repec:kas:wpaper:2004-58 is not listed on IDEAS anymore
- Item repec:kas:wpaper:2005-68 is not listed on IDEAS anymore
- Item repec:ttu:wpaper:tutwpe(mme)04/112 is not listed on IDEAS anymore