Report NEP-MAC-2007-08-27

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:

• Michael Woodford, 2007. "How Important is Money in the Conduct of Monetary Policy?," NBER Working Papers 13325, National Bureau of Economic Research, Inc.
• Benati, Luca & Vitale, Giovanni, 2007. "Joint estimation of the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output," Working Paper Series 0797, European Central Bank.
• Marco Flavio da Cunha Resende & Fabiana Lima, 2007. "Metas de inflação e investimento: o caso do Brasil," Textos para Discussão Cedeplar-UFMG td316, Cedeplar, Universidade Federal de Minas Gerais.
• Sauer, Stephan, 2007. "Liquidity Risk and Monetary Policy," Discussion Papers in Economics 2012, University of Munich, Department of Economics.
• Stan du Plessis & Ben Smit & Federico Sturzenegger, 2007. "The cyclicality of monetary and fiscal policy in South Africa since 1994," Working Papers 12/2007, Stellenbosch University, Department of Economics.
• Jonathan Chiu, 2007. "Endogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand," Staff Working Papers 07-46, Bank of Canada.
• Michael Woodford, 2007. "Globalization and Monetary Control," NBER Working Papers 13329, National Bureau of Economic Research, Inc.
• Afonso, António, 2007. "An avenue for expansionary fiscal contractions," MPRA Paper 4593, University Library of Munich, Germany.
• Yifan Hu & Timothy Kam, 2006. "Ramsey Fiscal And Monetary Policy Under Sticky Prices And Liquid Bonds," ANU Working Papers in Economics and Econometrics 2006-472, Australian National University, College of Business and Economics, School of Economics.
• McAdam, Peter & Willman, Alpo, 2007. "State-dependency and firm-level optimization: a contribution to Calvo price staggering," Working Paper Series 0806, European Central Bank.
• Yuwen Dai, 2007. "Macro Regime and Economic Growth in China," DEGIT Conference Papers c012_015, DEGIT, Dynamics, Economic Growth, and International Trade.
• Timothy Kam & Kirdan Lees & Philip Liu, 2006. "Uncovering The Hit-List For Small Inflation Targeters: A Bayesian Structural Analysis," ANU Working Papers in Economics and Econometrics 2006-473, Australian National University, College of Business and Economics, School of Economics.
• Llaudes, Ricardo, 2007. "Monetary policy shocks in a two-sector open economy: an empirical study," Working Paper Series 0799, European Central Bank.
• Athanasios Orphanides & John C. Williams, 2007. "Robust monetary policy with imperfect knowledge," Finance and Economics Discussion Series 2007-33, Board of Governors of the Federal Reserve System (U.S.).
• Michael Bordo & Ali Dib & Lawrence L. Schembri, 2007. "Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy," Staff Working Papers 07-45, Bank of Canada.
• Adjemian, Stéphane & Darracq Pariès, Matthieu & Moyen, Stéphane, 2007. "Optimal monetary policy in an estimated DSGE for the euro area," Working Paper Series 0803, European Central Bank.
• Lombardi, Marco J. & Sgherri, Silvia, 2007. "(Un)naturally low? Sequential Monte Carlo tracking of the US natural interest rate," Working Paper Series 0794, European Central Bank.
• Benati, Luca & Goodhart, Charles, 2007. "Investigating time-variation in the marginal predictive power of the yield spread," Working Paper Series 0802, European Central Bank.
• Robert Amano & Kevin Moran & Stephen Murchison & Andrew Rennison, 2007. "Trend Inflation, Wage and Price Rigidities, and Welfare," Cahiers de recherche 0720, CIRPEE.
• Straub, Roland & Tchakarov, Ivan, 2007. "Assessing the impact of a change in the composition of public spending: a DSGE approach," Working Paper Series 0795, European Central Bank.
• Arief Ramayandi, 2007. "Approximating Monetary Policy: Case Study for the ASEAN-5," Working Papers in Economics and Development Studies (WoPEDS) 200707, Department of Economics, Padjadjaran University, revised Aug 2007.
• Michael B. Devereux & Hans Genberg, 2006. "Currency Appreciation and Current Account Adjustment," Working Papers 172006, Hong Kong Institute for Monetary Research.
• Hakan Berument & Ebru Yuksel, 2007. "Effects of Adopting Inflation Targeting Regimes on Inflation Variability," Working Papers 0702, Department of Economics, Bilkent University.
• Andrew Atkeson & V. V. Chari & Patrick J. Kehoe, . "On the optimal choice of a monetary policy instrument," Staff Report, Federal Reserve Bank of Minneapolis.
• Sauer, Stephan, 2007. "Three Liquidity Crises in Retrospective: Implications for Central Banking Today," Discussion Papers in Economics 2011, University of Munich, Department of Economics.
• Morten O. Ravn & Stephanie Schmitt-Grohé & Martín Uribe, 2007. "Explaining the Effects of Government Spending Shocks on Consumption and the Real Exchange Rate," NBER Working Papers 13328, National Bureau of Economic Research, Inc.
• Marco Lombardi & Silvia Sgherri, 2007. "(Un)naturally Low? Sequential Monte Carlo Tracking of the US Natural Interest Rate," DNB Working Papers 142, Netherlands Central Bank, Research Department.
• Frank Caliendo & Kevin X.D. Huang, 2007. "Overconfidence and Consumption over the Life Cycle," Vanderbilt University Department of Economics Working Papers 0712, Vanderbilt University Department of Economics.
• Michael Sturm & François Gurtner, 2007. "Fiscal policy in Mediterranean countries – developments, structures and implications for monetary policy," Occasional Paper Series 69, European Central Bank.
• Cassola, Nuno & Ewerhart, Christian & Morana, Claudio, 2007. "Structural econometric approach to bidding in the main refinancing operations of the Eurosystem," Working Paper Series 0793, European Central Bank.
• Taner Yigit & Banu Demir, 2007. "Announcements and Credibility under Inflation Targeting," Working Papers 0705, Department of Economics, Bilkent University.
• Santiago L.E. Acosta Ormaechea, 2007. "A Small Open Economy Model with Currency Mismactches and a Financial Accelerator Mechanism," DEGIT Conference Papers c012_035, DEGIT, Dynamics, Economic Growth, and International Trade.
• Simon Gilchrist & Jae W. Sim, 2007. "Investment during the Korean Financial Crisis: A Structural Econometric Analysis," NBER Working Papers 13315, National Bureau of Economic Research, Inc.
• James B. Ang, 2007. "Are Financial Sector Policies Effective in Deeping the Malaysian Financial System," DEGIT Conference Papers c012_031, DEGIT, Dynamics, Economic Growth, and International Trade.
• Taner Yigit, 2007. "Inflation Targeting : An Indirect Approach to Assess the Direct Impact," Working Papers 0706, Department of Economics, Bilkent University.
• Item repec:bil:bilpap:0701 is not listed on IDEAS anymore

• Francisco Covas & Wouter den Haan, 2007. "Cyclical Behavior of Debt and Equity Using a Panel of Canadian Firms," Staff Working Papers 07-44, Bank of Canada.
• Glenn D. Rudebusch & John C. Williams, 2007. "Forecasting recessions: the puzzle of the enduring power of the yield curve," Working Paper Series 2007-16, Federal Reserve Bank of San Francisco.
• William Scarth, 2007. "Is Foreign-Owned Capital a Bad Thing to Tax?," Social and Economic Dimensions of an Aging Population Research Papers 214, McMaster University.
• Cornelißen, Thomas & Hübler, Olaf & Schneck, Stefan, 2007. "Cyclical Effects on Job-to-Job Mobility: An Aggregated Analysis on Microeconomic Data," Hannover Economic Papers (HEP) dp-371, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
• David Laibson & Sean Chanwook Lee & Peter Maxted & Andrea Repetto & Jeremy Tobacman, 2007. "Estimating Discount Functions with Consumption Choices over the Lifecycle," NBER Working Papers 13314, National Bureau of Economic Research, Inc.
• Item repec:pra:mprapa:4539 is not listed on IDEAS anymore

• Bilin Neyapti & Nida Cakir, 2007. "Does Fiscal Decentralization Promote Fiscal Discipline?," Working Papers 0708, Department of Economics, Bilkent University.
• Raven E. Saks & Abigail Wozniak, 2007. "Labor reallocation over the business cycle: new evidence from internal migration," Finance and Economics Discussion Series 2007-32, Board of Governors of the Federal Reserve System (U.S.).
• Rajagopal, 2007. "Trade Openness and Inflation in Latin American Countries," Marketing Working Papers 2007-05-MKT, Tecnológico de Monterrey, Campus Ciudad de México.
• John Weeks & Shruti Patel, 2007. "Fiscal Policy," Publications 1, International Policy Centre for Inclusive Growth.
• Fritz Breuss, 2006. "Warum wächst die Wirtschaft in Österreich rascher als in Deutschland?," WIFO Working Papers 280, WIFO.
• Rod Tyers & Jane Golley & Bu Yongxiang & Ian Bain, 2006. "China's Economic Growth and its Real Exchange Rate," ANU Working Papers in Economics and Econometrics 2006-476, Australian National University, College of Business and Economics, School of Economics.
• Ryo Arawatari & Tetsuo Ono, 2007. "Markov Perfect Political Equilibria with Public Policy: The Role of Education Cost," Discussion Papers in Economics and Business 07-31, Osaka University, Graduate School of Economics.
• Kokko , Ari & Mitlid, Kerstin & Wallgren, Arvid, 2007. "Internationalization And Macroeconomic Management In Vietnam: Some Lessons From Swedish Experiences," EIJS Working Paper Series 237, Stockholm School of Economics, The European Institute of Japanese Studies.
• Ronny Nilsson, 2006. "Composite Leading Indicators and Growth Cycles in Major OECD Non-Member Economies and recently new OECD Members Countries," OECD Statistics Working Papers 2006/5, OECD Publishing.
• Rod Tyers & Iain Bain, 2007. "Appreciating the Renminbi," ANU Working Papers in Economics and Econometrics 2007-483, Australian National University, College of Business and Economics, School of Economics.
• Rod Tyers & Jane Golley & Ian Bain, 2007. "Projected Economic Growth in China and India: The Role of Demographic Change," ANU Working Papers in Economics and Econometrics 2006-477, Australian National University, College of Business and Economics, School of Economics.
• Philippe BACCHETTA & Eric VAN WINCOOP, 2007. "Random Walk Expectations and the Forward Discount Puzzle," Cahiers de Recherches Economiques du Département d'économie 07.01, Université de Lausanne, Faculté des HEC, Département d’économie.
• Kevin X.D. Huang & Zheng Liu & John Q. Zhu, 2007. "Temptation and Self-Control: Some Evidence and Applications," Vanderbilt University Department of Economics Working Papers 0711, Vanderbilt University Department of Economics.
• Jeremy Greenwood & Karen A. Kopecky, 2007. "Measuring the Welfare Gain from Personal Computers," Economie d'Avant Garde Research Reports 15, Economie d'Avant Garde.
• Boyan Jovanovic, 2007. "Bubbles in Prices of Exhaustible Resources," NBER Working Papers 13320, National Bureau of Economic Research, Inc.
• Andrés Felipe Giraldo palomino, 2007. "Aversión a la inflación y regla de Taylor en Colombia 1994-2005," Documentos de Economía 3947, Universidad Javeriana - Bogotá.
• Ellis Connolly, 2007. "The Effect of the Australian Superannuation Guarantee on Household Saving Behaviour," RBA Research Discussion Papers rdp2007-08, Reserve Bank of Australia.
• William Scarth, 2007. "A Note on Income Distribution and Growth," Social and Economic Dimensions of an Aging Population Research Papers 213, McMaster University.
• Brooks B. Robinson & Shelly Smith, 2004. "The National Income and Product Accounts," BEA Papers 0039, Bureau of Economic Analysis.
• Michael Bradfield, 2007. "The Kinked Demand Curve with a Conjectural Hitch - A Micro Explanation of Stagflation and Job-less Recovery," Department of Economics at Dalhousie University working papers archive kinked_demand, Dalhousie, Department of Economics.
• Marcelo Fernandes & Marcelo Cunha Medeiros & MArcelo Scharth, 2007. "Modeling and predicting the CBOE market volatility index," Textos para discussão 548, Department of Economics PUC-Rio (Brazil).
• Charles Ian Mead, 2004. "The Effects of Low Valued Transactions on the Quality of U.S. International Export Estimates, 1994-1998," BEA Papers 0042, Bureau of Economic Analysis.
• Alvin P. Ang, 2007. "Workers’ Remittances and Economic Growth in the Philippines," DEGIT Conference Papers c012_029, DEGIT, Dynamics, Economic Growth, and International Trade.
• Item repec:bea:wpaper:0041 is not listed on IDEAS anymore

• Item repec:bea:wpaper:0039 is not listed on IDEAS anymore

• Obie G. Whichard, 2004. "Patterns of Production and Employment by U.s. Multinational Companies," BEA Papers 0041, Bureau of Economic Analysis.
• Paul Ramskogler, 2007. "Uncertainty, market power and credit rationing," Department of Economics Working Papers wuwp105, Vienna University of Economics and Business, Department of Economics.
• Rosemary Marcuss, 2004. "Corporate Profits in the GDP Accounts," BEA Papers 0040, Bureau of Economic Analysis.
• Federico Guerrero & Elliott Parker, 2007. "The Effect of Federal Government Size on Long-Term Economic Growth in the United States, 1792-2004," Working Papers 07-002, University of Nevada, Reno, Department of Economics;University of Nevada, Reno , Department of Resource Economics.
• Michael Hanke & Jürgen Huber & Michael Kirchler & Matthias Sutter, 2007. "The economic consequences of a Tobin tax - An experimental analysis," Working Papers 2007-18, Faculty of Economics and Statistics, Universität Innsbruck.
• Miles S. Kimball & Claudia R. Sahm & Matthew D. Shapiro, 2007. "Imputing Risk Tolerance from Survey Responses," NBER Working Papers 13337, National Bureau of Economic Research, Inc.
• Item repec:bea:wpaper:0040 is not listed on IDEAS anymore