Report NEP-MAC-2007-01-13

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.

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Other reports in NEP-MAC

The following items were announced in this report:

• Item repec:uba:hadfwe:fiscalpolicy-herz-roeger-vogel-2006-05 is not listed on IDEAS anymore

• Item repec:cfs:cfswop:wp2000630 is not listed on IDEAS anymore

• Caterina Mendicino, 2006. "Credit Market and Macroeconomic Volatility," 2006 Meeting Papers 317, Society for Economic Dynamics.
• Allen Head & Beverly Lapham, 2006. "Search, Market Power, and Inflation Dynamics," 2006 Meeting Papers 559, Society for Economic Dynamics.
• Sen Dong, 2006. "Monetary Policy Rules and Exchange Rates:A Structural VAR Identified by No Arbitrage," 2006 Meeting Papers 875, Society for Economic Dynamics.
• Barbara Annicchiarico & Alessandro Piergallini, 2006. "Inflation Shocks and Interest Rate Rules," CEIS Research Paper 85, Tor Vergata University, CEIS.
• Agnès Bénassy-Quéré & Jacopo Cimadomo, 2006. "Changing Patterns of Domestic and Cross-Border Fiscal Policy Multipliers in Europe and the US," Working Papers 2006-24, CEPII research center.
• Tatiana Damjanovic & Charles Nolan, 2006. "Relative Price Distortions and Inflation Persistence," CDMA Working Paper Series 200611, Centre for Dynamic Macroeconomic Analysis.
• Giorgio Primiceri & Ernst Schaumburg & Andrea Tambalotti, 2006. "Intertemporal disturbances," 2006 Meeting Papers 355, Society for Economic Dynamics.
• Kevin J. Lansing, 2006. "Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve," 2006 Meeting Papers 758, Society for Economic Dynamics.
• Aleksander Berentzen & Cyril Monnet, 2006. "Optimal Monetary Policy in a Channel System of Interest-Rate Control," 2006 Meeting Papers 572, Society for Economic Dynamics.
• Tomoyuki Nakajima, 2006. "Optimal monetary policy with imperfect unemployment insurance," 2006 Meeting Papers 231, Society for Economic Dynamics.
• Irina A. Telyukova & Randall Wright, 2006. "A Model of Money and Credit, with Application to the Credit Card Debt Puzzle," 2006 Meeting Papers 45, Society for Economic Dynamics.
• Yosuke Takeda & Atsuko Ueda, 2006. "Uncovering the Goodhart's Law: Theory and Evidence," 2006 Meeting Papers 162, Society for Economic Dynamics.
• Giorgio Primiceri & Alejandro Justiniano, 2006. "The Time Varying Volatility of Macroeconomic Fluctuations," 2006 Meeting Papers 353, Society for Economic Dynamics.
• Helge Braun, 2006. "(Un)Employment Dynamics: The Case of Monetary Policy Shocks," 2006 Meeting Papers 87, Society for Economic Dynamics.
• Ben Malin, 2006. "Lower-Frequency Macroeconomic Fluctuations: Living Standards and Leisure," 2006 Meeting Papers 752, Society for Economic Dynamics.
• Arnab Bhattacharjee & Sean Holly, 2006. "Taking Personalities out of Monetary Policy Decision Making? Interactions, Heterogeneity and Committee Decisions in the Bank of England’s MPC," CDMA Working Paper Series 200612, Centre for Dynamic Macroeconomic Analysis.
• Keiichiro Kobayashi & Masaru Inaba, 2006. "Business cycle accounting for the Japanese economy," 2006 Meeting Papers 313, Society for Economic Dynamics.
• Item repec:hhs:bofitp:2006_018 is not listed on IDEAS anymore

• Andre Kurmann & Nicolas Petrosky-Nadeau, 2006. "Credit Market Frictions with Costly Capital Reallocation as a Propagation Mechanism," 2006 Meeting Papers 365, Society for Economic Dynamics.
• Linda S. Goldberg & Michael W. Klein, 2007. "Establishing Credibility: Evolving Perceptions of the European Central Bank," The Institute for International Integration Studies Discussion Paper Series iiisdp194, IIIS.
• Anthony Landry, 2006. "Expectations and Exchange Rate Dynamics: A State-Dependent Pricing Approach," 2006 Meeting Papers 119, Society for Economic Dynamics.
• António Afonso & Davide Furceri, 2007. "Sectoral Business Cycle Synchronization in the European Union," Working Papers Department of Economics 2007/02, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
• Skander Van den Heuvel, 2006. "The Bank Capital Channel of Monetary Policy," 2006 Meeting Papers 512, Society for Economic Dynamics.
• Iris Biefang-Frisancho Mariscal & Peter Howells, 2006. "Monetary Policy Uncertainty: Is There a Difference Between Bank of England and the Bundesbank/ECB?," Working Papers 0613, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
• Fabio Ghironi & Jaewoo Lee & Alessandro Rebucci, 2006. "The Valuation Channel of External Adjustment," 2006 Meeting Papers 195, Society for Economic Dynamics.
• Ruediger Bachmann & Eduardo Engel & Ricardo Caballero, 2006. "Lumpy Investment in Dynamic General Equilibrium," 2006 Meeting Papers 775, Society for Economic Dynamics.
• James Costain & Beatriz de-Blas-Perez, 2006. "Productivity Shocks and the Business Cycle: Reconciling Recent VAR Evidence," 2006 Meeting Papers 698, Society for Economic Dynamics.
• Carlo Favero & Francesco Giavazzi, 2007. "Debt and the effects of fiscal policy," Working Papers 317, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
• Miquel Faig & Belen Jerez, 2006. "Precautionary Balances and the Velocity of Circulation of Money," 2006 Meeting Papers 457, Society for Economic Dynamics.
• Matteo Iacoviello, 2006. "Household Debt and Income Inequality, 1963-2003," 2006 Meeting Papers 585, Society for Economic Dynamics.
• Mariano M. Croce, 2006. "Welfare Costs, Long Run Consumption Risk, and a Production Economy," 2006 Meeting Papers 582, Society for Economic Dynamics.
• Christian Haefke & Marcus Sonntag & Thijs van Rens, 2006. "Wage Rigidity and Job Creation," 2006 Meeting Papers 773, Society for Economic Dynamics.
• William Branch & John Carlson & George W. Evans & Bruce McGough, 2006. "Monetary Policy, Endogenous Inattention, and the Volatility Trade-off," 2006 Meeting Papers 106, Society for Economic Dynamics.
• Item repec:pse:psecon:2006-45 is not listed on IDEAS anymore

• Monique Ebell, 2006. "Individual Wage Bargaining and Business Cycles," 2006 Meeting Papers 755, Society for Economic Dynamics.
• Murat Tasci, 2006. "On-the-Job Search and Labor Market Reallocation," 2006 Meeting Papers 333, Society for Economic Dynamics.
• Enrique G. Mendoza & P. Marcelo Oviedo, 2006. "Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer," 2006 Meeting Papers 377, Society for Economic Dynamics.
• Filippo Occhino, 2006. "Optimal Fiscal Policy over the Business Cycle," 2006 Meeting Papers 608, Society for Economic Dynamics.
• Francois Gourio & Pierre-Alexandre Noual, 2006. "The Marginal Worker and the Aggregate Elasticity of Labor Supply," 2006 Meeting Papers 509, Society for Economic Dynamics.
• Ellen R. McGrattan & Eduard C. Prescott, 2006. "Why Did U.S. Market Hours Boom in the 1990s?," 2006 Meeting Papers 192, Society for Economic Dynamics.
• Ricardo Cavalcanti & Andres Erosa, 2006. "Efficient Propagation of Shocks and the Optimal Return of Money," 2006 Meeting Papers 738, Society for Economic Dynamics.
• Item repec:cdl:ucsdec:2005-05 is not listed on IDEAS anymore

• Markus K. Brunnermeier & Christian Julliard, 2006. "Money Illusion and Housing Frenzies," NBER Working Papers 12810, National Bureau of Economic Research, Inc.
• Robert J. Tetlow & Peter von zur Muehlen, 2006. "Robustifying Learnability," 2006 Meeting Papers 439, Society for Economic Dynamics.
• Matteo Iacoviello & Raoul Minetti, 2006. "Liquidity Cycles," 2006 Meeting Papers 676, Society for Economic Dynamics.
• Robert F. Martin, 2006. "The Baby Boom: Predictability in House Prices and Interest Rates," 2006 Meeting Papers 84, Society for Economic Dynamics.
• Item repec:cfs:cfswop:wp2000633 is not listed on IDEAS anymore

• Andrea Brischetto & Anthony Richards, 2006. "The Performance of Trimmed Mean Measures of Underlying Inflation," RBA Research Discussion Papers rdp2006-10, Reserve Bank of Australia.
• Luci Ellis, 2006. "Housing and Housing Finance: The View from Australia and Beyond," RBA Research Discussion Papers rdp2006-12, Reserve Bank of Australia.
• Kaiji Chen & Ayse Imrohoroglu & Selahattin Imrohoroglu, 2006. "Secular Movements in U.S. Saving and Consumption," 2006 Meeting Papers 154, Society for Economic Dynamics.
• Alessandro Riboni & Francisco Ruge-Murcia, 2006. "The Dynamic (In)efficiency of Monetary Policy by Committee," 2006 Meeting Papers 206, Society for Economic Dynamics.
• Henry Siu & Nir Jaimovich, 2006. "The Young, the Old, and the Restless: Demographics and Business Cycle Volatility," 2006 Meeting Papers 815, Society for Economic Dynamics.
• Christian Gillitzer & John Simon, 2006. "Component-smoothed Inflation: Estimating the Persistent Component of Inflation in Real Time," RBA Research Discussion Papers rdp2006-11, Reserve Bank of Australia.
• Guillaume Rocheteau & Peter Rupert & Karl Shell & Randall Wright, 2006. "General Equilibrium with NonConvexities, Sunspots and Money," 2006 Meeting Papers 833, Society for Economic Dynamics.
• Francois Gourio, 2006. "Firms' Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Expected Returns," 2006 Meeting Papers 846, Society for Economic Dynamics.
• Item repec:uba:hadfwe:sea-bauer-herz-2006-08 is not listed on IDEAS anymore

• Francisco Covas & Wouter Denhaan, 2006. "The role of debt and equity finance over the business cycle," 2006 Meeting Papers 407, Society for Economic Dynamics.
• Ivan Jaccard, 2006. "Strategic Asset Allocation, Asset Price Dynamics, and the Business Cycle," 2006 Meeting Papers 574, Society for Economic Dynamics.
• Leonard I. Nakamura & Tom Stark, 2006. "Bench Mark Revisions and the U.S. Personal Saving Rate," 2006 Meeting Papers 123, Society for Economic Dynamics.
• Dror Goldberg, 2006. "Divisible money with partially directed search," 2006 Meeting Papers 618, Society for Economic Dynamics.
• Stephen D. Williamson, 2006. "Transactions, Credit, and Central Banking in a Model of Segmented Markets," 2006 Meeting Papers 287, Society for Economic Dynamics.
• Adam Copeland & George Hall, 2006. "The Response of Prices, Sales, and Output to Temporary Changes in Demand," 2006 Meeting Papers 39, Society for Economic Dynamics.
• Jasmina Arifovic & Olena Kostyshyna, 2005. "Optimal cheating in monetary policy with individual evolutionary learning," Computing in Economics and Finance 2005 422, Society for Computational Economics.
• Shouyong Shi, 2006. "Welfare improvement from restricting the liquidity of nominal bonds," 2006 Meeting Papers 245, Society for Economic Dynamics.
• Guido Lorenzoni & Karl Walentin, 2006. "Financial Frictions, Investment and Tobin's q," 2006 Meeting Papers 844, Society for Economic Dynamics.
• Bjoern Bruegemann & Giuseppe Moscarini, 2006. "Asymmetric Information and Employment Fluctuations," 2006 Meeting Papers 215, Society for Economic Dynamics.
• Nir Jaimovich & Sergio Rebelo, 2006. "Can News About the Future Drive the Business Cycle?," 2006 Meeting Papers 31, Society for Economic Dynamics.
• Andrea Raffo, 2006. "Net Exports, Consumption Volatility and International Real Business Cycle Models," 2006 Meeting Papers 128, Society for Economic Dynamics.
• Boyan Jovanovic, 2006. "Investment Options and the Business Cycle," 2006 Meeting Papers 66, Society for Economic Dynamics.
• Item repec:cdl:bphupl:1056 is not listed on IDEAS anymore

• Aubhik Khan & Julia K. Thomas, 2006. "Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics," 2006 Meeting Papers 294, Society for Economic Dynamics.
• Dean Corbae & Borghan N. Narajabad, 2006. "Motelling: A Hotelling Model with Money," 2006 Meeting Papers 778, Society for Economic Dynamics.
• Benoit Julien & John Kennes & Ian King, 2006. "Monetary Exchange with Multilateral Matching," 2006 Meeting Papers 883, Society for Economic Dynamics.
• Michal Pakos, 2006. "What Does the Durables Price - Over - the Rental Cost Valuation Ratio Tell Us About Asset Prices?," 2006 Meeting Papers 372, Society for Economic Dynamics.
• Shigeru Fujita & Garey Ramey, 2006. "The Dynamic Beveridge Curve," 2006 Meeting Papers 239, Society for Economic Dynamics.
• Anna Batyra & Henri R. Sneessens, 2006. "Selective Reductions in Labour Taxation: Labour Market Adjustments and Macroeconomic Performance," 2006 Meeting Papers 142, Society for Economic Dynamics.
• Alfredo Marvao Pereira & Maria De Fatima Pinho, 2006. "Impact of Public Investment Upon Economic Performance and Budgetary Consolidation Efforts in the European Union," ERSA conference papers ersa06p122, European Regional Science Association.
• Item repec:cdl:ucsdec:2005-06r is not listed on IDEAS anymore

• Petro Peretto, 2006. "The Employment (and Output) of Nations: Theory and Policy Implications," 2006 Meeting Papers 280, Society for Economic Dynamics.
• P. Marcelo Oviedo & Rajesh Singh, 2006. "Distribution Costs and International Business Cycles," 2006 Meeting Papers 808, Society for Economic Dynamics.
• Matteo Lanzafame, 2006. "The Nature of Regional Unemployment in Italy," Studies in Economics 0607, School of Economics, University of Kent.
• Uluc Aysun, 2006. "Testing for Balance Sheet Effects in Emerging Market Countries," Working papers 2006-28, University of Connecticut, Department of Economics.
• Shouyong Shi, 2006. "Search Theory; Current Perspectives," Working Papers tecipa-273, University of Toronto, Department of Economics.
• António Afonso, 2007. "Public finances in Portugal: a brief longrun view," Working Papers Department of Economics 2007/01, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
• Uluc Aysun, 2006. "Capital Flows, Maturity Mismatches and Profitability in Emerging Markets: Evidence from Bank Level Data," Working papers 2006-29, University of Connecticut, Department of Economics, revised Oct 2007.
• Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2006. "An Equilibrium Model of Global Imbalances and Low Interest Rates," 2006 Meeting Papers 894, Society for Economic Dynamics.
• Dmytro Hryshko, 2006. "Informational Assumptions on Income Processes and Consumption in the Buffer Stock Model of Savings," 2006 Meeting Papers 13, Society for Economic Dynamics.
• Damien Gaumont & Martin Schindler & Randall Wright, 2006. "Equilibrium Wage Dispersion: An Example," 2006 Meeting Papers 147, Society for Economic Dynamics.
• Matteo Lanzafame, 2006. "The Endogeneity of the Natural Rate of Growth in the Regions of Italy," Studies in Economics 0606, School of Economics, University of Kent.
• Item repec:cdl:ciders:1067 is not listed on IDEAS anymore

• Karen A. Kopecky, 2006. "The Trend in Retirement," 2006 Meeting Papers 187, Society for Economic Dynamics.
• Jeremy Lise, 2006. "On-the-Job Search and Precautionary Savings: Theory and Empirics of Earnings and Wealth Inequality," 2006 Meeting Papers 137, Society for Economic Dynamics.
• Martin Gonzalez-Eiras & Dirk Niepelt, 2006. "Transfers versus Public Investment: The Politics of Intergenerational Redistribution and Growth," 2006 Meeting Papers 712, Society for Economic Dynamics.
• Fernando Broner & Guido Lorenzoni & Sergio Schmuckler, 2006. "Why Do Emerging Economies Borrow Short Term?," 2006 Meeting Papers 841, Society for Economic Dynamics.
• Loayza, Norman V. & Raddatz, Claudio, 2006. "The structural determinants of external vulnerability," Policy Research Working Paper Series 4089, The World Bank.
• Item repec:uba:hadfwe:termstructure-bauer-horlemann-2006-09 is not listed on IDEAS anymore

• Alok Kumar, 2006. "Capital Tax and Minimum Wage: Implications for the Dispersion of Wages," 2006 Meeting Papers 345, Society for Economic Dynamics.
• Item repec:cfs:cfswop:wp2000634 is not listed on IDEAS anymore

• T. Berger & G. Everaert, 2006. "Unemployment in the OECD since the 1960s. Do we really know?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/425, Ghent University, Faculty of Economics and Business Administration.
• Lars Ljungqvist & Thomas J. Sargent, 2006. "Indivisible Labor and Its Supply Elasticity: Do Taxes Explain European Employment?," 2006 Meeting Papers 734, Society for Economic Dynamics.
• Oksana Leukhina & Michael Bar, 2006. "Demographic Transition and Industrial Revolution: A Coincidence?," 2006 Meeting Papers 383, Society for Economic Dynamics.
• Alcino Ferreira Câmara Neto & Matías Vernengo, 2006. "Lulas Social Policies: New Wine in Old Bottles?," Working Paper Series, Department of Economics, University of Utah 2006_07, University of Utah, Department of Economics.
• Masanao Aoki, 2006. "Thermodynamic Limits of Macroeconomic or Financial Models: One-and Two-Parameter Poisson-Dirichlet Models," CIRJE F-Series CIRJE-F-445, CIRJE, Faculty of Economics, University of Tokyo.
• Sylvain Champonnois, 2006. "Comparing Financial Systems: A structural Analysis," 2006 Meeting Papers 520, Society for Economic Dynamics.
• Dirk Krueger & Alexander Ludwig, 2006. "On the Consequences of Demographic Change for International Capital Flows, Rates of Returns to Capital, and the Distribution of Wealth and Welfare," 2006 Meeting Papers 643, Society for Economic Dynamics.
• Rafael Silveira & Randall Wright, 2006. "Liquidity and the Market for Ideas," 2006 Meeting Papers 77, Society for Economic Dynamics.
• Yili Chien & Junsang Lee, 2006. "Why Tax Capital?," 2006 Meeting Papers 492, Society for Economic Dynamics.
• Item repec:cdl:bphupl:1057 is not listed on IDEAS anymore

• Joseph Pearlman, 2007. "Is There More than One Way to be E-Stable?," CDMA Working Paper Series 200701, Centre for Dynamic Macroeconomic Analysis.
• Fang Yang, 2006. "Accounting for the Heterogeneity in Retirement Wealth," 2006 Meeting Papers 94, Society for Economic Dynamics.
• Pietro Garibaldi, 2006. "Hiring Freeze and Bankruptcy in Unemployment Dynamics," 2006 Meeting Papers 227, Society for Economic Dynamics.
• Benjamin Lester, 2006. "A Model of Interbank Settlement," 2006 Meeting Papers 282, Society for Economic Dynamics.
• Masanao Aoki, 2006. "Growth Patterns of Two Types of Macro-Models: Limiting Behavior of One-and Two-Parameter Poisson-Dirichlet Models," CIRJE F-Series CIRJE-F-446, CIRJE, Faculty of Economics, University of Tokyo.
• John Knowles, 2006. "Why are Married Men Working So Much?," 2006 Meeting Papers 445, Society for Economic Dynamics.
• Item repec:cdl:ciders:1053 is not listed on IDEAS anymore

• Item repec:cdl:ciders:1064 is not listed on IDEAS anymore

• Andre Faria, 2006. "Growth-Indexed Bonds in Emerging Markets: a Quantitative Approach," 2006 Meeting Papers 847, Society for Economic Dynamics.
• Gilbert Koenig & Irem Zeyneloglu, 2006. "La Politique Budgetaire Dans La Nouvelle Macroeconomie Internationale," Working Papers of BETA 2006-35, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• In-Koo Cho & Kenneth Kasa, 2006. "Learning and Model Validation," 2006 Meeting Papers 178, Society for Economic Dynamics.
• Lars Boerner & Albrecht Ritschl, 2006. "Making Financial Markets: Contract Enforcement and the Emergence of Tradable Assets in Late Medieval Europe," 2006 Meeting Papers 884, Society for Economic Dynamics.
• Andrea Eisfeldt & Adriano Rampini, 2006. "Leasing, Ability to Repossess, and Debt Capacity," 2006 Meeting Papers 461, Society for Economic Dynamics.
• Emilio Espino, 2006. "Equilibrium Portfolios in the Neoclassical Growth Model," 2006 Meeting Papers 92, Society for Economic Dynamics.
• Karsten Jeske & Sagiri Kitao, 2006. "Health Insurance and Tax Policy," 2006 Meeting Papers 57, Society for Economic Dynamics.
• António Antunes & Tiago Cavalcanti & Anne Villamil, 2006. "Computing General Equilibrium Models with Occupational Choice and Financial Frictions," SCAPE Policy Research Working Paper Series 0611, National University of Singapore, Department of Economics, SCAPE.
• Item repec:uba:hadfwe:theothertwins-herz-bauer-karb-2003-01 is not listed on IDEAS anymore

• Brosio, Giorgio & Zanola, Roberto, 2006. "Can violence be rational? An empirical analysis of Colombia," POLIS Working Papers 74, Institute of Public Policy and Public Choice - POLIS.
• Jianjun Miao & Neng Wang, 2006. "Investment, consumption and hedging under incomplete markets," 2006 Meeting Papers 289, Society for Economic Dynamics.
• Mathias Trabandt, 2006. "Optimal Pre-Announced Tax Reforms Under Valuable And Productive Government Spending," 2006 Meeting Papers 668, Society for Economic Dynamics.
• Almuth Scholl, 2006. "Aid Effectiveness and Limited Enforceable Conditionality," 2006 Meeting Papers 292, Society for Economic Dynamics.
• Giulio Fella & Giovanni Gallipoli, 2006. "Education and Crime over the Life Cycle," 2006 Meeting Papers 136, Society for Economic Dynamics.
• Jess Benhabib & Alberto Bisin, 2006. "The distribution of wealth and redistributive policies," 2006 Meeting Papers 368, Society for Economic Dynamics.
• Garett Jones, 2006. "IQ in the Ramsey Model: A Naive Calibration," 2006 Meeting Papers 213, Society for Economic Dynamics.