Report NEP-MAC-2005-05-23

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:

• Alvaro Aguirre & César Calderón, 2005, "Real Exchange Rate Misalignments and Economic Performance," Working Papers Central Bank of Chile, Central Bank of Chile, number 316, Apr.
• Item repec:dgr:uvatin:20050040 is not listed on IDEAS anymore

• Marco Del Negro & Frank Schorfheide & Frank Smets & Raf Wouters, 2004, "On the fit and forecasting performance of New Keynesian models," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2004-37.
• Arantza Gorostiaga & Juan F. Rubio-Ramirez, 2005, "Fiscal policy and minimum wage for redistribution: an equivalence result," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2005-08.
• Joanna Stavins, 2004, "Do bank mergers affect Federal Reserve check volume?," Public Policy Discussion Paper, Federal Reserve Bank of Boston, number 04-7.
• James M. Nason & Gregor W. Smith, 2005, "Identifying the New Keynesian Phillips curve," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2005-01.
• Mark Aguiar & Gita Gopinath, 2004, "Emerging market business cycles: the cycle is the trend," Working Papers, Federal Reserve Bank of Boston, number 04-4.
• Peter N. Ireland, 2005, "The liquidity trap, the real balance effect, and the Friedman rule," Working Papers, Federal Reserve Bank of Boston, number 05-3.
• F. Owen Irvine & Scott Schuh, 2005, "Interest sensitivity and volatility reductions: cross-section evidence," Working Papers, Federal Reserve Bank of Boston, number 05-4.
• Ricardo Lagos & Guillaume Rocheteau, 2004, "Inflation, output, and welfare," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0407, DOI: 10.26509/frbc-wp-200407.
• Aleksander Berentsen & Guillaume Rocheteau & Shouyong Shi, 2004, "Friedman meets Hosios: efficiency in search models of money," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0408, DOI: 10.26509/frbc-wp-200408.
• Charles T. Carlstrom & Timothy S. Fuerst, 2004, "Thinking about monetary policy without money: a review of three books: Inflation Targeting, Monetary Theory and Policy, and Interest and Prices," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0410, DOI: 10.26509/frbc-wp-200410.
• William A. Branch & John B. Carlson & George W. Evans & Bruce McGough, 2004, "Monetary policy, endogenous inattention, and the volatility trade-off," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0411, DOI: 10.26509/frbc-wp-200411.
• Charles T. Carlstrom & Timothy S. Fuerst, 2004, "Asset prices, nominal rigidities, and monetary policy," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0413, DOI: 10.26509/frbc-wp-200413.
• David E. Altig & Lawrence J. Christiano & Martin S. Eichenbaum & Jesper Lindé, 2004, "Firm-specific capital, nominal rigidities, and the business cycle," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0416, DOI: 10.26509/frbc-wp-200416.
• Guillaume Rocheteau & Christopher J. Waller, 2005, "Bargaining and the value of money," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0501, DOI: 10.26509/frbc-wp-200501.
• Amit Basu & Thomas F. Siems, 2004, "The impact of e-business technologies on supply chain operations: a macroeconomic perspective," Working Papers, Federal Reserve Bank of Dallas, number 0404.
• Evan F. Koenig, 2004, "Optimal monetary policy in economies with \"sticky-information\" wages," Working Papers, Federal Reserve Bank of Dallas, number 0405.
• Jesus Cañas & Keith R. Phillips, 2004, "Business cycle coordination along the Texas-Mexico border," Working Papers, Federal Reserve Bank of Dallas, number 0502.
• John M. Roberts, 2004, "Monetary policy and inflation dynamics," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2004-62.
• Item repec:fip:fedfam:2005-04 is not listed on IDEAS anymore

• Vittorio Corbo & Leonardo Hernández & Fernando Parro, 2005, "Institutions, Economic Policies and Growth: Lessons From the Chilean Experience," Working Papers Central Bank of Chile, Central Bank of Chile, number 317, Apr.
• Item repec:fip:fedfam:2005-06 is not listed on IDEAS anymore

• Item repec:fip:fedfap:2004-22 is not listed on IDEAS anymore

• Item repec:fip:fedfap:2004-25 is not listed on IDEAS anymore

• Item repec:fip:fedfpb:2004-30 is not listed on IDEAS anymore

• Tobías Broer, 2005, "Money as an indicator for inflation and output in Chile - not anymore?," Working Papers Central Bank of Chile, Central Bank of Chile, number 319, May.
• Athanasios Orphanides & Simon van Norden, 2004, "The reliability of inflation forecasts based on output gap estimates in real time," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2004-68.
• Mark W. French, 2005, "A nonlinear look at trend MFP growth and the business cycle: result from a hybrid Kalman/Markov switching model," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-12.
• Valerie A. Ramey & Daniel J. Vine, 2005, "Tracking the source of the decline in GDP volatility: an analysis of the automobile industry," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-14.
• Robert M. Adams & Dean F. Amel, 2005, "The effects of local banking market structure on the banking-lending channel of monetary policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-16.
• Alain P. Chaboud & Sergey V. Chernenko & Edward Howorka & Raj S. Krishnasami Iyer & David Liu & Jonathan H. Wright, 2004, "The high-frequency effects of U.S. macroeconomic data releases on prices and trading activity in the global interdealer foreign exchange market," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 823.
• Sanjay K. Chugh, 2005, "Optimal inflation persistence: Ramsey taxation with capital and habits," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 829.
• Marianne Baxter & Michael A. Kouparitsas, 2004, "Determinants of business cycle comovement: a robust analysis," Working Paper Series, Federal Reserve Bank of Chicago, number WP-04-14.
• Jeffrey R. Campbell & Zvi Hercowitz, 2004, "The role of households' collateralized debts in macroeconomic stabilization," Working Paper Series, Federal Reserve Bank of Chicago, number WP-04-24.
• Bernardino Adão & Isabel Correia & Pedro Teles, 2004, "Monetary policy with state contingent interest rates," Working Paper Series, Federal Reserve Bank of Chicago, number WP-04-26.
• Bernardino Adão & Isabel Correia & Pedro Teles, 2004, "Monetary policy with single instrument feedback rules," Working Paper Series, Federal Reserve Bank of Chicago, number WP-04-30.
• Penelope A. Smith & Peter M. Summers, 2004, "Identification and normalization in Markov switching models of \"business cycles\"," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 04-09.
• Marcela Meirelles Aurelio, 2005, "The performance of monetary and fiscal rules in an open economy with imperfect capital mobility," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 05-01.
• Kevin L. Kliesen & Frank A. Schmid, 2004, "Do productivity growth, budget deficits, and monetary policy actions affect real interest rates? evidence from macroeconomic announcement data," Working Papers, Federal Reserve Bank of St. Louis, number 2004-019, DOI: 10.20955/wp.2004.019.
• William T. Gavin & Benjamin D. Keen & Michael R. Pakko, 2005, "The monetary instrument matters," Working Papers, Federal Reserve Bank of St. Louis, number 2004-026, DOI: 10.20955/wp.2004.026.
• Hui Guo & Robert Savickas, 2006, "Aggregate idiosyncratic volatility in G7 countries," Working Papers, Federal Reserve Bank of St. Louis, number 2004-027, DOI: 10.20955/wp.2004.027.
• Hui Guo & Zijun Wang & Jian Yang, 2004, "International transmission of inflation among G-7 countries: a data-determined VAR analysis," Working Papers, Federal Reserve Bank of St. Louis, number 2004-028, DOI: 10.20955/wp.2004.028.
• James Morley & Jeremy M. Piger, 2005, "The importance of nonlinearity in reproducing business cycle features," Working Papers, Federal Reserve Bank of St. Louis, number 2004-032, DOI: 10.20955/wp.2004.032.
• William T. Gavin & David M. Kemme, 2007, "Using extraneous information to analyze monetary policy in transition economies," Working Papers, Federal Reserve Bank of St. Louis, number 2004-034, DOI: 10.20955/wp.2004.034.
• Thomas A. Garrett & David C. Wheelock, 2006, "Why did income growth vary across states during the Great Depression?," Working Papers, Federal Reserve Bank of St. Louis, number 2005-013, DOI: 10.20955/wp.2005.013.
• Huberto M. Ennis, 2004, "Search, money, and inflation under private information," Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis, number 142.
• Patrick J. Kehoe, 2004, "Patrick Kehoe's comment on \\"Determinants of business cycle comovement: a robust analysis\\" by Marianne Baxter and Michael Kouparitsas," Staff Report, Federal Reserve Bank of Minneapolis, number 349.
• Ellen R. McGrattan & Edward C. Prescott, 2005, "Productivity and the post-1990 U.S. economy," Staff Report, Federal Reserve Bank of Minneapolis, number 350.
• Aubhik Khan & Julia K. Thomas, 2004, "Idiosyncratic shocks and the role of nonconvexities in plant and aggregate investment dynamics," Staff Report, Federal Reserve Bank of Minneapolis, number 352.
• Matthias Doepke & Fabrizio Zilibotti, 2005, "The macroeconomics of child labor regulation," Staff Report, Federal Reserve Bank of Minneapolis, number 354.
• Harold L. Cole & Ron Leung & Lee E. Ohanian, 2005, "Deflation and the international Great Depression: a productivity puzzle," Staff Report, Federal Reserve Bank of Minneapolis, number 356.
• V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2005, "A critique of structural VARs using real business cycle theory," Working Papers, Federal Reserve Bank of Minneapolis, number 631.
• Timothy Cogley & Argia M. Sbordone, 2005, "A search for a structural Phillips curve," Staff Reports, Federal Reserve Bank of New York, number 203.
• Argia M. Sbordone, 2005, "Do expected future marginal costs drive inflation dynamics?," Staff Reports, Federal Reserve Bank of New York, number 204, Mar.
• Gauti B. Eggertsson & Eric Le Borgne, 2005, "The politics of central bank independence: a theory of pandering and learning in government," Staff Reports, Federal Reserve Bank of New York, number 205.
• Michael Dotsey & Robert G. King, 2005, "Implications of state-dependent pricing for dynamic macroeconomic models," Working Papers, Federal Reserve Bank of Philadelphia, number 05-2.
• M. Ayhan Kose & Kei-Mu Yi, 2005, "Can the standard international business cycle model explain the relation between trade and comovement?," Working Papers, Federal Reserve Bank of Philadelphia, number 05-3.
• Thomas M. Humphrey, 2004, "Alfred Marshall and the quantity theory of money," Working Paper, Federal Reserve Bank of Richmond, number 04-10.
• Item repec:fmg:fmgsps:sp0099 is not listed on IDEAS anymore

• Bonfiglioli, Alessandra, 2005, "Equities and Inequality," Seminar Papers, Stockholm University, Institute for International Economic Studies, number 737, May.
• Bengtsson, Ingemar, 2005, "A framework for understanding inflation - with or without money," Working Papers, Lund University, Department of Economics, number 2005:28, May.
• Bengtsson, Ingemar, 2005, "Transaction Costs, Money and Units of Account," Working Papers, Lund University, Department of Economics, number 2005:29, May.
• Holden, Steinar & Wulfsberg, Fredrik, 2005, "Downward Nominal Wage Rigidity in the OECD," Memorandum, Oslo University, Department of Economics, number 10/2005, Mar.
• Bjørnland, Hilde C. & Leitemo, Kai, 2005, "Identifying the Interdependence between US Monetary Policy and the Stock Market," Memorandum, Oslo University, Department of Economics, number 12/2005, May.
• Blanchflower, David G. & Oswald, Andrew J., 2005, "Happiness and the Human Development Index: The Paradox of Australia," IZA Discussion Papers, IZA Network @ LISER, number 1601, May.
• Böheim, René & Stiglbauer, Alfred M. & Winter-Ebmer, Rudolf, 2005, "When and How to Create a Job: The Survival of New Jobs in Austrian Firms," IZA Discussion Papers, IZA Network @ LISER, number 1602, May.
• David G. Blanchflower & Andrew J. Oswald, 2005, "The Wage Curve Reloaded," NBER Working Papers, National Bureau of Economic Research, Inc, number 11338, May.
• Geert Bekaert & Seonghoon Cho & Antonio Moreno, 2005, "New-Keynesian Macroeconomics and the Term Structure," NBER Working Papers, National Bureau of Economic Research, Inc, number 11340, May.
• Giancarlo Corsetti & Paolo Pesenti, 2005, "The Simple Geometry of Transmission and Stabilization in Closed and Open Economies," NBER Working Papers, National Bureau of Economic Research, Inc, number 11341, May.
• Benjamin M. Friedman, 2005, "What Remains from the Volcker Experiment?," NBER Working Papers, National Bureau of Economic Research, Inc, number 11346, May.
• Philippe Aghion & George-Marios Angeletos & Abhijit Banerjee & Kalina Manova, 2005, "Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment," NBER Working Papers, National Bureau of Economic Research, Inc, number 11349, May.
• William Nordhaus, 2005, "The Sources of the Productivity Rebound and the Manufacturing Employment Puzzle," NBER Working Papers, National Bureau of Economic Research, Inc, number 11354, May.
• Gary Gorton & Ping He, 2005, "Bank Credit Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 11363, May.
• Item repec:qmw:qmwecw:wp537 is not listed on IDEAS anymore

• Marco Pagano, 2005, "The Modigliani-Miller Theorems: A Cornerstone of Finance," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 139, May.
• Tullio Jappelli, 2005, "The Life-Cycle Hypothesis, Fiscal Policy, and Social Security," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 140, May.
• Jos?? Noguera & Susan J. Linz, 2005, "Barter, Credit, and Welfare: A theoretical inquiry into the barter phenomenon in Russia," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp757, Mar.
• Maxim Bouev, 2005, "State Regulations, Job Search and Wage Bargaining: A Study in the Economics of the Informal Sector," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp764, Apr.
• Viviana Fernandez & Ali M. Kutan, 2005, "Do Regional Integration Agreements Increase Business-Cycle Convergence? Evidence From APEC and NAFTA," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp765, Apr.
• Imed Drine & Christophe Rault, 2005, "Testing for inflation convergence between the Euro Zone and its CEE partners," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp768, Apr.
• Bal??zs ??gert & L??szl?? Halpern, 2005, "Equilibrium Exchange Rates in Central and Eastern Europe: A Meta-Regression Analysis," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp769, May.
• Bal??zs ??gert, 2005, "Equilibrium Exchange Rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) Diseased?," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp770, May.
• Daniel Levy, 2005, "Output, Capital, and Labor in the Short, and Long-Run," Development and Comp Systems, University Library of Munich, Germany, number 0505012, May.
• Hashem Dezhbakhsh & Daniel Levy, 2005, "Periodic Properties of Interpolated Time Series," Econometrics, University Library of Munich, Germany, number 0505004, May.
• Daniel Levy & Mark Bergen, 2005, "Simulating a Multiproduct Barter Exchange Economy," Experimental, University Library of Munich, Germany, number 0505002, May.
• Harold Fried & Daniel Levy, 2005, "Beans as a Medium of Exchange," General Economics and Teaching, University Library of Munich, Germany, number 0505001, May.
• Daniel Levy, 2005, "Investment-Saving Comovement under Endogenous Fiscal Policy," International Finance, University Library of Munich, Germany, number 0505008, May.
• Axel Dreher & Roland Vaubel, 2005, "Foreign Exchange Intervention And The Political Business Cycle: A Panel Data Analysis," International Finance, University Library of Munich, Germany, number 0505009, May.
• Stamatopoulos Theodoros, 2005, "Trade Balance and Exchange-Rate for a Small Open Economy during the EMS: The Hellenic Case 1983:1-1995:12," International Finance, University Library of Munich, Germany, number 0505012, May.
• Daniel Levy & Shantanu Dutta & Mark Bergen & Robert Venable, 2005, "Price Adjustment at Multiproduct Retailers," Industrial Organization, University Library of Munich, Germany, number 0505005, May.
• Petri Böckerman & Edvard Johansson & Satu Helakorpi & Ritva Prättälä & Erkki Vartiainen Antti Uutela, 2005, "Does a Slump Really Make You Thinner? Finnish Micro-level Evidence 1978-2002," Labor and Demography, University Library of Munich, Germany, number 0505011, May.
• Daniel Levy & Mark Bergen & Shantanu Dutta & Robert Venable, 2005, "The Magnitude of Menu Costs: Direct Evidence from Large U.S. Supermarket Chains," Macroeconomics, University Library of Munich, Germany, number 0505012, May.
• Mark Zbaracki & Mark Bergen & Shantanu Dutta & Daniel Levy & Mark Ritson, 2005, "Beyond the Cost of Price Adjustment: Investments in Pricing Capital," Macroeconomics, University Library of Munich, Germany, number 0505013, May.
• Mark Ritson & Mark Zbaracki & Shantanu Dutta & Daniel Levy & Mark Bergen, 2005, "The Three Capitals of Pricing – Human, Systems and Social Capital," Macroeconomics, University Library of Munich, Germany, number 0505014, May.
• Efrem Castelnuovo & Paolo Surico, 2005, "The Price Puzzle: Fact or Artefact?," Macroeconomics, University Library of Munich, Germany, number 0505015, May, revised 19 Jul 2005.
• Feng Dai & Ying Wang & Zifu Qin, 2005, "Development Power and Its Power Model: The Analytic Approach for Continuous Motivity of Economic Growth," Macroeconomics, University Library of Munich, Germany, number 0505016, May.
• William Barnett, 2005, "Comment on 'Chaotic Monetary Dynamics with Confidence'," Macroeconomics, University Library of Munich, Germany, number 0505017, May.
• António Portugal Duarte & João Sousa Andrade, 2005, "How the gold standard functioned in Portugal: an analysis of some macroeconomic aspects," Method and Hist of Econ Thought, University Library of Munich, Germany, number 0505002, May.
• Daniel Levy, 2005, "Capital Stock Depreciation, Tax Rules, and Composition of Aggregate Investment," Others, University Library of Munich, Germany, number 0505007, May.
• Daniel Levy & Haiwei Chen, 2005, "Estimates of the Aggregate Quarterly Capital Stock for the Post- War U.S. Economy," Others, University Library of Munich, Germany, number 0505008, May, revised 16 May 2005.
• Norihiro KASUGA & Katsumi Matsuura, 2005, "Liquidity Constraint and Household Portfolio in Japan," Others, University Library of Munich, Germany, number 0505010, May.
• Ludwig, Alexander & Sløk, Torsten, 2004, "The relationship between stock prices, house prices and consumption in OECD," Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim, number 04-12, Mar.
• Yochanan Shachmurove, 2003, "Financial Markets of the Middle East and North Africa: The Past and Present," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 03-017, Jun.
• Francis X. Diebold & Glenn D. Rudebusch & S. Boragan Aruoba, 2003, "The Macroeconomy and the Yield Curve: A Nonstructural Analysis," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 03-024, Oct.
• Guillaume Rocheteau & Randall Wright, 2003, "Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 03-031, Sep.
• Guillaume Rocheteau & Randall Wright, 2003, "Inflation and Welfare in Models with Trading Frictions," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 03-032, Nov.
• Christopher Edmonds & Manabu Fujimura, 2005, "Relative Economic Decline and Unrealized Demographic Opportunity in the Philippines," Economics Study Area Working Papers, East-West Center, Economics Study Area, number 77, May.

Report NEP-MAC-2005-05-23

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: