Report NEP-MAC-2006-01-01

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:

• Christoffel, Kai & Linzert, Tobias, 2005, "The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics," IZA Discussion Papers, Institute of Labor Economics (IZA), number 1896, Dec.
• David Laidler, 2005, "Milton Friedman and the Evolution of Macroeconomics," University of Western Ontario, Economic Policy Research Institute Working Papers, University of Western Ontario, Economic Policy Research Institute, number 200511.
• Leonardo Gambacorta & Simonetta Iannotti, 2005, "Are there asymmetries in the response of bank interest rates monetary shocks?," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 566, Nov.
• Tommaso Monacelli & Jordi Galí, 2005, "Optimal Monetary and Fiscal Policy in a Currency Union," Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University, number 300.
• Fabia Gumbau-Brisa, 2005, "Heterogeneous beliefs and inflation dynamics: a general equilibrium approach," Working Papers, Federal Reserve Bank of Boston, number 05-16.
• Zsolt Darvas & Andrew K. Rose & György Szapáry, 2005, "Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2005/03.
• David B. Gordon & Eric M. Leeper, 2005, "Are Countercyclical Fiscal Policies Counterproductive?," NBER Working Papers, National Bureau of Economic Research, Inc, number 11869, Dec.
• Péter Benczúr & Attila Rátfai, 2005, "Economic Fluctuations in Central and Eastern Europe - the Facts," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2005/02.
• Roc Armenter & Martin Bodenstein, 2005, "Does the time inconsistency problem make flexible exchange rates look worse than you think?," Staff Reports, Federal Reserve Bank of New York, number 230.
• Andrew Stone & Troy Wheatley & Louise Wilkinson, 2005, "A Small Model of the Australian Macroeconomy: An Update," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2005-11, Dec.
• Charles T. Carlstrom & Timothy S. Fuerst, 2005, "Oil prices, monetary policy, and counterfactual experiments," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0510, DOI: 10.26509/frbc-wp-200510.
• K. Azim Ozdemir, 2005, "A Monetary Disequilibrium Model for Turkey : Investigation of a Disinflationary Fiscal Rule and its Implications on Monetary Policy," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0507.
• Roc Armenter & Martin Bodenstein, 2005, "Can U.S. monetary policy fall (again) into an expectation trap?," Staff Reports, Federal Reserve Bank of New York, number 229.
• Peter N. Ireland, 2005, "Changes in the Federal Reserve's inflation target: causes and consequences," Working Papers, Federal Reserve Bank of Boston, number 05-13.
• Olivier Jean Blanchard & Jordi Gali, 2005, "Real wage rigidities and the New Keynesian model," Working Papers, Federal Reserve Bank of Boston, number 05-14.
• Linda S. Goldberg & Michael W. Klein, 2005, "Establishing credibility: evolving perceptions of the European Central Bank," Staff Reports, Federal Reserve Bank of New York, number 231.
• Michael Woodford, 2005, "Central Bank Communication and Policy Effectiveness," NBER Working Papers, National Bureau of Economic Research, Inc, number 11898, Dec.
• Troy Davig & Eric M. Leeper, 2005, "Generalizing the Taylor Principle," NBER Working Papers, National Bureau of Economic Research, Inc, number 11874, Dec.
• Thomas A Lubik, 2005, "A Simple, Structural, and Empirical Model of the Antipodean Transmission Mechanism," Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand, number DP2005/06, Dec.
• Sharon Kozicki & Peter A. Tinsley, 2005, "Term structure transmission of monetary policy," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 05-06.
• Athanasios Orphanides & John C. Williams, 2005, "Monetary policy with imperfect knowledge," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-51.
• Roberto Ricciuti, 2005, "Bringing Macroeconomics into the Lab," Labsi Experimental Economics Laboratory University of Siena, University of Siena, number 004, Dec.
• Melike Altinkemer, 2004, "Importance of Base Money Even When Inflation Targeting," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0404.
• Juan F. Rubio-Ramirez & Daniel F. Waggoner & Tao Zha, 2005, "Markov-switching structural vector autoregressions: theory and application," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2005-27.
• William C. Whitesell, 2005, "An inflation goal with multiple reference measures," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-62.
• A. Hakan Kara, 2003, "Optimal Monetary Policy, Commitment, and Imperfect Credibility," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0301.
• Michael Woodford, 2005, "Robustly Optimal Monetary Policy with Near Rational Expectations," NBER Working Papers, National Bureau of Economic Research, Inc, number 11896, Dec.
• Gábor P. Kiss & Gábor Vadas, 2005, "Mind the Gap – International Comparison of Cyclical Adjustment of the Budget," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2005/04.
• Hakan Kara, 2004, "Monetary Policy under Imperfect Commitment : Reconciling Theory with Evidence," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0415.
• Gauti B. Eggertsson, 2005, "Great expectations and the end of the depression," Staff Reports, Federal Reserve Bank of New York, number 234.
• Götte, Lorenz & Huffman, David B., 2005, "Do Emotions Improve Labor Market Outcomes?," IZA Discussion Papers, Institute of Labor Economics (IZA), number 1895, Dec.
• Fatih Ozatay, 2005, "Monetary Policy Challenges for Turkey in European Union Accession Process," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0511.
• K. Azim Ozdemir & Paul Turner, 2004, "The Demand for Base Money in Turkey : Implications for Inflation and Seigniorage," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0412.
• Ricardo de O. Cavalcanti & Ed Nosal, 2005, "Some benefits of cyclical monetary policy," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0511, DOI: 10.26509/frbc-wp-200511.
• Item repec:hal:papers:halshs-00007196_v1 is not listed on IDEAS anymore

• Eric T. Swanson, 2005, "Optimal Nonlinear Policy: Signal Extraction with a Non-Normal Prior," Working Paper Series, Federal Reserve Bank of San Francisco, number 2005-24, Dec, DOI: 10.24148/wp2005-24.
• Arturo Estrella & Anthony P. Rodrigues, 2005, "One-sided test for an unknown breakpoint: theory, computation, and application to monetary theory," Staff Reports, Federal Reserve Bank of New York, number 232.
• Adam Copeland & George Hall, 2005, "The Response of Prices, Sales, and Output to Temporary Changes in Demand," NBER Working Papers, National Bureau of Economic Research, Inc, number 11870, Dec.
• Marlene Amstad & Andreas M. Fischer, 2005, "Time-varying pass-through from import prices to consumer prices: evidence from an event study with real-time data," Staff Reports, Federal Reserve Bank of New York, number 228.
• Mark A. Wynne, 2005, "An estimate of the measurement bias in the HICP," Working Papers, Federal Reserve Bank of Dallas, number 0509.
• Antonio Fatás, 2005, "Is there a Case for Sophisticated Balanced-Budget Rules?," OECD Economics Department Working Papers, OECD Publishing, number 466, Dec, DOI: 10.1787/604620771056.
• Adi Brender & Allan Drazen, 2005, "How Do Budget Deficits and Economic Growth Affect Reelection Prospects? Evidence from a Large Cross-Section of Countries," NBER Working Papers, National Bureau of Economic Research, Inc, number 11862, Dec.
• Gauti B. Eggertsson, 2005, "Optimal monetary and fiscal policy under discretion in the New Keynesian model: a technical appendix to \\"Great Expectations and the End of the Depression\\"," Staff Reports, Federal Reserve Bank of New York, number 235.
• Robert J. Tetlow & Peter Von zur Muehlen, 2005, "Robustifying learnability," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-58.
• Karen E. Dynan & Douglas W. Elmendorf & Daniel E. Sichel, 2005, "Can financial innovation help to explain the reduced volatility of economic activity?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-54.
• Gianni La Cava, 2005, "Financial Constraints, the User Cost of Capital and Corporate Investment in Australia," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2005-12, Dec.
• Gabor Vadas, 2005, "Beyond macro variables: consumer confidence index and household expenditure in Hungary," Microeconomics, University Library of Munich, Germany, number 0512006, Dec.
• Suparna Chakraborty, 2005, "Technology as a channel of economic growth in India," Macroeconomics, University Library of Munich, Germany, number 0512013, Dec.
• Marco Del Negro & Frank Schorfheide, 2005, "Monetary policy analysis with potentially misspecified models," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2005-26.
• Marco Arnone & Diego Scalise, 2005, "Macroeconomic Effects of Deregulation in Goods Market with Heterogeneous Firms," Macroeconomics, University Library of Munich, Germany, number 0512015, Dec.
• Paul Castillo & Diego Winkelried, 2005, "Dollarization Persistence and Individual Heterogeneity," Macroeconomics, University Library of Munich, Germany, number 0512014, Dec, revised 31 Dec 2005.
• Ilker Domac, 2003, "Explaining and Forecasting Inflation in Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0306.
• Item repec:dal:wparch:2005-02 is not listed on IDEAS anymore

• Alberto Martin, 2004, "Endogenous credit cycles," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 916, Nov, revised Aug 2008.
• Huberto M. Ennis, 2005, "Avoiding the inflation tax," Working Paper, Federal Reserve Bank of Richmond, number 05-10.
• Leslie McGranahan & Anna L. Paulson, 2005, "The incidence of inflation: inflation experiences by demographic group: 1981-2004," Working Paper Series, Federal Reserve Bank of Chicago, number WP-05-20.
• Alan G. Ahearne & Finn E. Kydland & Mark A. Wynne, 2005, "Ireland's great depression," Working Papers, Federal Reserve Bank of Dallas, number 0510.
• Essama-Nssah, B., 2005, "Simulating the poverty impact of macroeconomic shocks and policies," Policy Research Working Paper Series, The World Bank, number 3788, Dec.
• Andrea Vaona & Stefano Schiavo, 2005, "Nonparametric and semiparametric evidence on the long-run effects of inflation on growth," Department of Economics Working Papers, Department of Economics, University of Trento, Italia, number 0520.
• Russell W. Cooper & Hubert Kempf & Dan Peled, 2005, "Is it is or is it ain't my obligation? Regional debt in a fiscal federation," Working Papers, Federal Reserve Bank of Dallas, number 0507.
• Liuren Wu & Frank X. Zhang, 2005, "A no-arbitrage analysis of economic determinants of the credit spread term structure," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-59.
• Shah, Anwar, 2005, "Fiscal decentralization and fiscal performance," Policy Research Working Paper Series, The World Bank, number 3786, Dec.
• Hakan Kara & Hande Kucuk Tuger, 2005, "Some Evidence on the Irrationality of Inflation Expectations in Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0512.
• Yuksel Gormez & Christopher Houghton Budd, 2003, "Electronic Money Free Banking and Some Implications for Central Banking," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0303.
• David C. Mills, 2005, "Alternative central bank credit policies for liquidity provision in a model of payments," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-55.
• Robert Shimer, 2005, "Mismatch," NBER Working Papers, National Bureau of Economic Research, Inc, number 11888, Dec.
• Guillaume Rocheteau & Peter Rupert & Karl Shell & Randall Wright, 2005, "General equilibrium with nonconvexities, sunspots, and money," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0513, DOI: 10.26509/frbc-wp-200513.
• Michelle L. Barnes & Jose A. Lopez, 2005, "Alternative measures of the Federal Reserve banks' cost of equity capital," Public Policy Discussion Paper, Federal Reserve Bank of Boston, number 05-2.
• Guillaume Vandenbroucke, 2005, "A Model of the Trends in Hours," IEPR Working Papers, Institute of Economic Policy Research (IEPR), number 05.40, Dec.
• Item repec:sca:scaewp:0518 is not listed on IDEAS anymore

• Yuksel Gormez & Forrest Capie, 2003, "Prospects for Electronic Money : A US - European Comparative Survey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0302.
• Ana Maria Herrera & Pinar Ozbay, 2005, "A Dynamic Model of Central Bank Intervention," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0501.
• Cihan Yalcin & Spiros Bougheas & Paul Mizen, 2004, "The Impact of Firm-Specific Characteristics on the Response to Monetary Policy Actions," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0407.
• Mark Aguiar & Erik Hurst, 2005, "Lifestyle prices and production," Public Policy Discussion Paper, Federal Reserve Bank of Boston, number 05-3.
• Leonardo Bartolini & R. Spence Hilton & Alessandro Prati, 2005, "Money market integration," Staff Reports, Federal Reserve Bank of New York, number 227.
• Travis D. Nesmith, 2005, "Solving stochastic money-in-the-utility-function models," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2005-52.
• Gürkaynak, Refet S. & Wolfers, Justin, 2005, "Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty and Risk," IZA Discussion Papers, Institute of Labor Economics (IZA), number 1899, Dec.
• Yongfu Huang, 2005, "What determines financial development?," Bristol Economics Discussion Papers, School of Economics, University of Bristol, UK, number 05/580, Dec.
• Luca Benzoni & Pierre Collin-Dufresne & Robert S. Goldstein, 2005, "Can Standard Preferences Explain the Prices of out of the Money S&P 500 Put Options," NBER Working Papers, National Bureau of Economic Research, Inc, number 11861, Dec.
• Aristeidis Samitas & Dimitris Kenourgios, 2005, "Macroeconomic factors’ influence on “new” European countries stock returns: the case of four transition economies," Finance, University Library of Munich, Germany, number 0512022, Dec.
• Giuseppe Bruno & Ernesto Maurizio Ordine & Antonio Scalia, 2005, "Banks� participation in the Eurosystem auctions and money market integration," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 562, Sep.
• Ilker Domac & Eray M. Yucel, 2003, "What Triggers Inflation in Emerging Market Economies?," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0307.
• Valerio Crispolti & Daniela Marconi, 2005, "Technology transfer and economic growth in developing countries: an econometric analysis," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 564, Nov.
• James Dow & Itay Goldstein & Alexander Guembel, 2005, "Commitment to Overinvest and Price Informativeness," OFRC Working Papers Series, Oxford Financial Research Centre, number 2005fe18.
• Cagri Sarikaya & Fethi Ogunc & Dilara Ece & Hakan Kara & Umit Ozlale, 2005, "Estimating Output Gap for the Turkish Economy," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0503.
• Fatih Ozatay, 2005, "Public Sector Price Controls and Electoral Cycles," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0509.
• Ilker Domac & Kyle Peters & Yevgeny Yuzefovich�, 2003, "Does the Exchange Rate Regime Matter for Inflation? Evidence from Transition Economies," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0304.
• Badri Narayanan G, 2005, "Effects of trade liberalisation, environmental and labour regulations on employment in India's organised textile sector," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2005-005, Oct.
• Fernando N. de Oliveira & Walter Novaes, 2005, "The Market of Foreign Exchange Hedge in Brazil: Reactions of Financial Institutions to Interventions of the Central Bank," IBMEC RJ Economics Discussion Papers, Economics Research Group, IBMEC Business School - Rio de Janeiro, number 2005-13, Dec.
• Knill, April M., 2008, "Does foreign portfolio investment reach small listed firms ?," Policy Research Working Paper Series, The World Bank, number 3796, Aug.
• Cédric Tille, 2005, "Financial integration and the wealth effect of exchange rate fluctuations," Staff Reports, Federal Reserve Bank of New York, number 226.
• Michael D. Bordo & Christopher M. Meissner, 2005, "The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997," NBER Working Papers, National Bureau of Economic Research, Inc, number 11897, Dec.
• Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2005, "DSGE models of high exchange-rate volatility and low pass-through," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 845.
• Olcay Yucel Emir & Fatih Ozatay & Gulbin Sahinbeyoglu, 2005, "Effects of US Interest Rates and News on the Daily Interest Rates of a Highly Indebted Emerging Country : Evidence from Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0508.
• Katarina Juselius & Javier Ordóñez, 2005, "The Balassa-Samuelson Effect and the Wage, Price and Unemployment Dynamics in Spain," Discussion Papers, University of Copenhagen. Department of Economics, number 05-29, Nov.
• Farley Grubb, 2005, "The Net Asset Position of the U.S. National Government, 1784-1802: Hamilton's Blessing or the Spoils of War?," NBER Working Papers, National Bureau of Economic Research, Inc, number 11868, Dec.
• Jürgen Essletzbichler, 2005, "Diversity, stability and regional growth in the U.S. (1975-2002)," Papers in Evolutionary Economic Geography (PEEG), Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, number 0513, Sep, revised Sep 2005.
• Hande Kucuk & Burc Tuger, 2004, "Relative Price Variability : The Case Of Turkey 1994-2002," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 0402.
• Richard Dutu & Ed Nosal & Guillaume Rocheteau, 2005, "On the recognizability of money," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 0512, DOI: 10.26509/frbc-wp-200512.
• Frode Brevik & Stefano d'Addona, 2005, "Information Quality and Stock Returns Revisited," University of St. Gallen Department of Economics working paper series 2005, Department of Economics, University of St. Gallen, number 2005-24, Dec.
• El Hadji Fall, 2005, "Dynamique des ressources renouvelables et actualisation endogène," Cahiers de la Maison des Sciences Economiques, Université Panthéon-Sorbonne (Paris 1), number v05084, Dec.

Report NEP-MAC-2006-01-01

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: