Report NEP-MAC-2009-01-03

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:

• Andreas Beyer & Vitor Gaspar & Christina Gerberding & Otmar Issing, 2008, "Opting Out of the Great Inflation: German Monetary Policy After the Break Down of Bretton Woods," NBER Working Papers, National Bureau of Economic Research, Inc, number 14596, Dec.
• Item repec:san:cdmawp:0810 is not listed on IDEAS anymore

• Kosuke Aoki & Takeshi Kimura, 2008, "Central Bank's Two-Way Communication with the Public and Inflation Dynamics," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp0899, Nov.
• Andersson, Fredrik N. G., 2008, "Long Run Inflation Indicators – Why the ECB got it Right," Working Papers, Lund University, Department of Economics, number 2008:17, Dec.
• Ida Wolden Bache & Kai Leitemo, 2008, "The price puzzle: Mixing the temporary and permanent monetary policy shocks," Working Paper, Norges Bank, number 2008/18, Nov.
• Item repec:rwi:repape:0080 is not listed on IDEAS anymore

• Pelin Ilbas, 2007, "Revealing the preferences of the US Federal Reserve," Working Paper, Norges Bank, number 2008/21, Sep, revised 12 Dec 2008.
• Canale, Rosaria Rita, 2008, "Equilibrium income and monetary policy strategy: teaching macroeconomics with the MP curve," MPRA Paper, University Library of Munich, Germany, number 12255, Dec.
• Scheffel, Eric, 2008, "A Credit-Banking Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2008/30, Dec.
• Niki X. Papadopoulou, 2008, "Sticky Prices, Limited Participation, or Both?," Working Papers, Central Bank of Cyprus, number 2008-4, Jun.
• Philip Liu, 2008, "The Role of International Shocks in Australia’s Business Cycle," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2008-08, Dec.
• Item repec:imf:imfwpa:08/285 is not listed on IDEAS anymore

• Magdalena Morgese Borys & Roman Horvath, 2008, "The Effects of Monetary Policy in the Czech Republic: An Empirical Study," Working Papers, Czech National Bank, Research and Statistics Department, number 2008/4, Oct.
• Ibrahim L. Awad, 2008, "Switching to the Inflation Targeting Regime: Does it necessary for the case of Egypt?," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2008/34, Dec, revised Dec 2008.
• Item repec:ecb:ecbwps:20080979 is not listed on IDEAS anymore

• António Afonso & Ricardo M. Sousa, 2008, "The Macroeconomic Effects of Fiscal Policy," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2008/56, Dec.
• Ricardo M. Sousa & António Afonso, 2008, "The Macroeconomic Effects of Fiscal Policy," NIPE Working Papers, NIPE - Universidade do Minho, number 22/2008.
• Shah, Ajay, 2008, "New issues in Indian macro policy," Working Papers, National Institute of Public Finance and Policy, number 08/51, May.
• Jonathan Chiu & Césaire Meh, 2008, "Financial Intermediation, Liquidity and Inflation," Staff Working Papers, Bank of Canada, number 08-49, DOI: 10.34989/swp-2008-49.
• Hilde C. Bjørnland & Dag Henning Jacobsen, 2008, "The role of house prices in the monetary policy transmission mechanism in the U.S," Working Paper, Norges Bank, number 2008/24, Dec.
• Tamborini, Roberto, 2008, "The "Credit-Cost Channel" of Monetary Policy. A Theoretical Assessment," Economics Discussion Papers, Kiel Institute for the World Economy, number 2008-33.
• Matteo Modena, 2008, "An Empirical Analysis of the Curvature Factor of the Term Structure of Interest Rates," Working Papers, Business School - Economics, University of Glasgow, number 2008_35, Sep.
• Andersson, Fredrik N. G., 2008, "Core Inflation - Why the Federal Reserve Got it Wrong," Working Papers, Lund University, Department of Economics, number 2008:19, Dec.
• Nao Sudo & Yuki Teranishi, 2008, "Optimal Monetary Policy under Imperfect Financial Integration," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 08-E-25, Dec.
• Item repec:rwi:repape:0077 is not listed on IDEAS anymore

• Michael Joyce & Jonathan Relleen & Steffen Sorensen, 2008, "Measuring monetary policy expectations from financial market instruments," Bank of England working papers, Bank of England, number 356, Nov.
• Iryna Kaminska, 2008, "A no-arbitrage structural vector autoregressive model of the UK yield curve," Bank of England working papers, Bank of England, number 357, Dec.
• Item repec:imf:imfwpa:08/270 is not listed on IDEAS anymore

• Item repec:ecb:ecbwps:20080978 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:08/274 is not listed on IDEAS anymore

• Knut Are Aastveit & Tørres G. Trovik, 2008, "Estimating the output gap in real time: A factor model approach," Working Paper, Norges Bank, number 2008/23, Dec.
• Tommaso Monacelli & Roberto Perotti, 2008, "Fiscal Policy, Wealth Effects, and Markups," NBER Working Papers, National Bureau of Economic Research, Inc, number 14584, Dec.
• Amund Holmsen & Jan F. Qvigstad & Øistein Røisland & Kristin Solberg-Johansen, 2008, "Communicating monetary policy intentions: The case of Norges Bank," Working Paper, Norges Bank, number 2008/20, Dec.
• Athanasios Orphanides & John C. Williams, 2008, "Imperfect Knowledge and the Pitfalls of Optimal Control Monetary Policy," Working Papers, Central Bank of Cyprus, number 2008-5, Jul.
• Athanasios Orphanides & John C. Williams, 2008, "Learning, Expectations Formation, and the Pitfalls of Optimal Control Monetary Policy," Working Papers, Central Bank of Cyprus, number 2008-3, Apr.
• Bogetic, Zeljko & Ulatov, Sergey & Emelyanova, Olga & Smits, Karlis, 2008, "Russian economic report No.16 (June 2008), The World Bank," MPRA Paper, University Library of Munich, Germany, number 12435, Jun.
• Devereux, Michael B. & Sutherland, Alan, 2008, "Financial globalization and monetary policy," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2008,20.
• António Afonso & Ricardo M. Sousa, 2008, "Fiscal Policy, Housing and Stock Prices," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2008/58, Dec.
• Roger Hammersland & Dag Henning Jacobsen, 2008, "The Financial Accelerator: Evidence using a procedure of Structural Model Design," Discussion Papers, Statistics Norway, Research Department, number 569, Dec.
• Azam, Jean-Paul, 2008, "Macroeconomic Agenda for Fiscal Policy and Aid Effectiveness in Post-Conflict Countries," IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse, number 539, Nov.
• Spehar, Ann O'Ryan, 2008, "The Great Moderation and the New Business Cycle," MPRA Paper, University Library of Munich, Germany, number 12274, Dec.
• Item repec:ecb:ecbwps:20080982 is not listed on IDEAS anymore

• Item repec:ecb:ecbwps:20080983 is not listed on IDEAS anymore

• Cetorelli, Nicola & Goldberg, Linda S., 2008, "Banking globalization, monetary transmission and the lending channel," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2008,21.
• Bernardo Guimaraes & Kevin D. Sheedy, 2008, "Sales and Monetary Policy," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp0887, Aug.
• Item repec:ecb:ecbwps:20080980 is not listed on IDEAS anymore

• Messina, Julián & Strozzi, Chiara & Turunen, Jarkko, 2008, "Real Wages over the Business Cycle: OECD Evidence from the Time and Frequency Domains," IZA Discussion Papers, Institute of Labor Economics (IZA), number 3884, Dec.
• António Afonso & Luca Agnello & Davide Furceri, 2008, "Fiscal Policy Responiveness, Persistence and Discretion," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2008/50, Oct.
• Item repec:ecb:ecbwps:20080984 is not listed on IDEAS anymore

• Bukowski, Maciej & Koloch, Grzegorz & Lewandowski, Piotr, 2008, "Shocks and rigidities as determinants of CEE labor markets' performance. A panel SVECM approach," MPRA Paper, University Library of Munich, Germany, number 12429, Dec.
• António Afonso & Pedro Gomes, 2008, "Interactions between Private and Public Sector Wages," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2008/55, Nov.
• Item repec:voc:wpaper:ten52008 is not listed on IDEAS anymore

• Michael Joyce & Iryna Kaminska & Peter Lildholdt, 2008, "Understanding the real rate conundrum: an application of no-arbitrage finance models to the UK real yield curve," Bank of England working papers, Bank of England, number 358, Dec.
• Claudio Borio & Haibin Zhu, 2008, "Capital regulation, risk-taking and monetary policy: a missing link in the transmission mechanism?," BIS Working Papers, Bank for International Settlements, number 268, Dec.
• Hawkins, Raymond & Aoki, Masanao, 2008, "Macroeconomic Relaxation: Adjustment Processes of Hierarchical Economic Structures," Economics Discussion Papers, Kiel Institute for the World Economy, number 2008-35.
• Richard Finlay & Mark Chambers, 2008, "A Term Structure Decomposition of the Australian Yield Curve," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2008-09, Dec.
• Scheffel, Eric, 2008, "Consumption Velocity in a Cash Costly-Credit Model," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2008/31, Dec.
• Matteo Modena, 2008, "The Term Structure and the Expectations Hypothesis: a Threshold Model," Working Papers, Business School - Economics, University of Glasgow, number 2008_36, Jul.
• Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian van Rixtel, 2008, "Impact of bank competition on the interest rate pass-through in the euro area," Working Papers, Banco de España, number 0828.
• Item repec:imf:imfwpa:08/271 is not listed on IDEAS anymore

• António Afonso & Luca Agnello & Davide Furceri, 2008, "Fiscal Policy Responsiveness, Persistence, and Discretion," OECD Economics Department Working Papers, OECD Publishing, number 659, Dec, DOI: 10.1787/228864226783.
• Bhattacharya, Rudrani & Patnaik, Ila & Shah, Ajay, 2008, "Early warnings of inflation in India," Working Papers, National Institute of Public Finance and Policy, number 08/54, Aug.
• Chris Peacock & Ursel Baumann, 2008, "Globalisation, import prices and inflation dynamics," Bank of England working papers, Bank of England, number 359, Dec.
• Stilianos Fountas & Menelaos Karanasos, 2008, "Are economic growth and the variability of the business cycle related ? Evidence from five European countries," Discussion Paper Series, Department of Economics, University of Macedonia, number 2008_17, Dec, revised Dec 2008.
• Shah, Ajay & Patnaik, Ila, 2008, "Managing capital flows: The case of India," Working Papers, National Institute of Public Finance and Policy, number 08/52, May.
• Item repec:imf:imfwpa:08/282 is not listed on IDEAS anymore

• Adam Cagliarini & Mariano Kulish, 2008, "Solving Linear Rational Expectations Models with Predictable Structural Changes," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2008-10, Dec.
• David R. Stockman and Brian E. Raines, 2008, "Euler Equation Branching," Working Papers, University of Delaware, Department of Economics, number 08-26.
• Groneck, Max, 2008, "A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge, University of Cologne, FiFo Institute for Public Economics, number 08-7.
• Reddy, Y.V., 2008, "Fiscal policy economic reforms," Working Papers, National Institute of Public Finance and Policy, number 08/53, Jun.
• Maria Grydaki & Stilianos Fountas, 2008, "Exchange Rate Volatility and Output Volatility: a Theoretical Approach," Discussion Paper Series, Department of Economics, University of Macedonia, number 2008_16, Dec, revised Dec 2008.
• Item repec:ecb:ecbwps:20080975 is not listed on IDEAS anymore

• Tovar, Camilo Ernesto, 2008, "DSGE Models and Central Banks," Economics Discussion Papers, Kiel Institute for the World Economy, number 2008-30.
• Item repec:imf:imfwpa:08/280 is not listed on IDEAS anymore

• J. David Brown & John Earle, 2008, "Understanding the Contributions of Reallocation to Productivity Growth: Lessons from a Comparative Firm-Level Analysis," CERT Discussion Papers, Centre for Economic Reform and Transformation, Heriot Watt University, number 0805.
• Galo Nuño Barrau, 2008, "Schumpeterian Foundations of Real Business Cycles," Working Papers, International Economics Institute, University of Valencia, number 0805, Dec.
• Daianu, Daniel & Albu, Lucian Liviu, 2008, "Strain and Inflation-Unemployment Relationship: A conceptual and empirical investigation," Working Papers of Institute for Economic Forecasting, Institute for Economic Forecasting, number 081201, Dec.
• Item repec:imf:imfwpa:08/269 is not listed on IDEAS anymore

• Di Guilmi, Corrado & Gallegati, Mauro & Landini, Simone, 2008, "Modeling Maximum Entropy and Mean-Field Interaction in Macroeconomics," Economics Discussion Papers, Kiel Institute for the World Economy, number 2008-36.
• Robert E. Hall, 2008, "Equity Depletion from Government-Guaranteed Debt," NBER Working Papers, National Bureau of Economic Research, Inc, number 14581, Dec.
• Jiri Podpiera, 2008, "Policy Rate Decisions and Unbiased Parameter Estimation in Conventionally Estimated Monetary Policy Rules," Working Papers, Czech National Bank, Research and Statistics Department, number 2008/2, Oct.
• Item repec:ecb:ecbwps:20080977 is not listed on IDEAS anymore

• Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick & Wickens, Michael, 2008, "How much nominal rigidity is there in the US economy? Testing a New Keynesian DSGE Model using indirect inference," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2008/32, Dec, revised Jul 2011.
• Item repec:imf:imfwpa:08/279 is not listed on IDEAS anymore

• RICCI Francesco & ZACHARIADIS Marios, 2009, "Longevity and Education Externalities: A Macroeconomic Perspective," LERNA Working Papers, LERNA, University of Toulouse, number 09.02.278, Jan.
• Watt, Andrew, 2008, "The economic and financial crisis in Europe: addressing the causes and the repercussions," MPRA Paper, University Library of Munich, Germany, number 12337, Dec.
• Lovell, Michael C., 2008, "Social Security's Five OASI Inflation Indexing Problems," Economics Discussion Papers, Kiel Institute for the World Economy, number 2008-34.
• Carmen M. Reinhart & Kenneth S. Rogoff, 2008, "Banking Crises: An Equal Opportunity Menace," NBER Working Papers, National Bureau of Economic Research, Inc, number 14587, Dec.
• Papa N'Diaye & Ping Zhang & Wenlang Zhang, 2008, "Structural Reform, Intra-Regional Trade, and Medium-Term Growth Prospects of East Asia and the Pacific --- Perspectives from a new multi-region model," Working Papers, Hong Kong Monetary Authority, number 0817, Dec.
• Vahagn Galstyan and Philip R. Lane, 2008, "Fiscal Policy and International Competitiveness: Evidence from Ireland," The Institute for International Integration Studies Discussion Paper Series, IIIS, number iiisdp274, Dec.
• Item repec:hal:journl:halshs-00348862_v1 is not listed on IDEAS anymore

• Item repec:ecb:ecbwps:20080981 is not listed on IDEAS anymore

• Chen, Jie & Zhu, Aiyong, 2008, "The relationship between housing investment and economic growth in China FA panel analysis using quarterly provincial data," Working Paper Series, Uppsala University, Department of Economics, number 2008:17, Dec.
• Christian Kascha & Francesco Ravazzolo, 2008, "Combining inflation density forecasts," Working Paper, Norges Bank, number 2008/22, Dec.
• Zarate, Cristina A., 2008, "Una Nota sobre Reserva Óptima y Riesgo Soberano: el caso Argentino 1997-2007
  [A note on optimal reserves and sovereign risk: Argentina's case 1997-2007]," MPRA Paper, University Library of Munich, Germany, number 12086, Jul.
• Loretti I. Dobrescu & Laurence J. Kotlikoff & Alberto F. Motta, 2008, "Why Aren't Developed Countries Saving?," NBER Working Papers, National Bureau of Economic Research, Inc, number 14580, Dec.
• Olivier Coibion & Yuriy Gorodnichenko, 2008, "What Can Survey Forecasts Tell Us About Informational Rigidities?," NBER Working Papers, National Bureau of Economic Research, Inc, number 14586, Dec.
• Kirstin Hubrich & Kenneth D. West, 2008, "Forecast Evaluation of Small Nested Model Sets," NBER Working Papers, National Bureau of Economic Research, Inc, number 14601, Dec.
• Robert Price & Isabelle Joumard & Christophe André & Makoto Minegishi, 2008, "Strategies for Countries with Favourable Fiscal Positions," OECD Economics Department Working Papers, OECD Publishing, number 655, Dec, DOI: 10.1787/230123832406.
• Plachta, Robert C., 2008, "Fiscal Equalisation and the Soft Budget Constraint," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge, University of Cologne, FiFo Institute for Public Economics, number 08-8.
• Item repec:imf:imfwpa:08/264 is not listed on IDEAS anymore

• Tom Pak-wing Fong & Chun-shan Wong, 2008, "Stress Testing Banks' Credit Risk Using Mixture Vector Autoregressive Models," Working Papers, Hong Kong Monetary Authority, number 0813, Oct.
• Aoki, Masanao & Yoshikawa, Hiroshi, 2008, "The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory," Economics Discussion Papers, Kiel Institute for the World Economy, number 2008-37.
• Spencer Dale & Athanasios Orphanides & Par Osterholm, 2008, "Imperfect Central Bank Communication: Information versus Distraction," Working Papers, Central Bank of Cyprus, number 2008-1, Feb.
• Andrew Caplin & John Leahy, 2008, "Trading Frictions and House Price Dynamics," NBER Working Papers, National Bureau of Economic Research, Inc, number 14605, Dec.
• Matloob Piracha & Yu Zhu, 2008, "Precautionary Savings by Natives and Immigrants in Germany," Studies in Economics, School of Economics, University of Kent, number 0821, Dec.
• Markus K. Brunnermeier, 2008, "Deciphering the Liquidity and Credit Crunch 2007-08," NBER Working Papers, National Bureau of Economic Research, Inc, number 14612, Dec.
• Koskela, Erkki & König, Jan, 2008, "The Role of Profit Sharing in a Dual Labour Market with Flexible Outsourcing," IZA Discussion Papers, Institute of Labor Economics (IZA), number 3876, Dec.
• Pallage, Stéphane & Scruggs, Lyle & Zimmermann, Christian, 2008, "Unemployment Insurance Generosity: A Trans-Atlantic Comparison," IZA Discussion Papers, Institute of Labor Economics (IZA), number 3869, Dec.
• Engelbert Stockhammer & Paul Ramskogler, 2008, "Post Keynesian economics - how to move forward," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp124, Dec.
• Johan H. L. Oud & Henk Folmer & Roberto Patuelli & Peter Nijkamp, 2008, "A Spatial-Dependence Continuous-Time Model for Regional Unemployment in Germany," Quaderni della facoltà di Scienze economiche dell'Università di Lugano, USI Università della Svizzera italiana, number 0811, Dec.
• Barnett, William A. & Serletis, Apostolos, 2008, "Measuring Consumer Preferences and Estimating Demand Systems," MPRA Paper, University Library of Munich, Germany, number 12318, Dec.
• Laura Vartia, 2008, "How do Taxes Affect Investment and Productivity?: An Industry-Level Analysis of OECD Countries," OECD Economics Department Working Papers, OECD Publishing, number 656, Dec, DOI: 10.1787/230022721067.
• Vollrath, Dietrich, 2008, "Agrarian Structure and Endogenous Financial System Development," MPRA Paper, University Library of Munich, Germany, number 12430, Dec.
• Zeljko, Bogetic & Karlis, Smits & Sergey, Ulatov & Olga, Emelyanova & Marco, Hernandez, 2008, "Russian economic report No. 17 (November 2008), The World Bank," MPRA Paper, University Library of Munich, Germany, number 12434, Nov.
• Peter Blair Henry & Conrad Miller, 2008, "Institutions vs. Policies: A Tale of Two Islands," NBER Working Papers, National Bureau of Economic Research, Inc, number 14604, Dec.
• George M. Georgiou, 2007, "Measuring the Size of the Informal Economy: A Critical Review," Working Papers, Central Bank of Cyprus, number 2007-1, May.
• António B. Moniz, 2008, "The transformation of work? A quantitative evaluation of changes in work in Portugal," IET Working Papers Series, Universidade Nova de Lisboa, IET/CICS.NOVA-Interdisciplinary Centre on Social Sciences, Faculty of Science and Technology, number 07/2008, Aug.
• Barnett, William A. & Serletis, Apostolos, 2008, "The Differential Approach to Demand Analysis and the Rotterdam Model," MPRA Paper, University Library of Munich, Germany, number 12319, Dec.
• Hasan, Zubair, 2008, "Markets and the role of government in an economy from Islamic perspective," MPRA Paper, University Library of Munich, Germany, number 12233, Dec.
• Inoue, Takeshi, 2008, "The causal relationships in mean and variance between stock returns and foreign institutional investment in India," IDE Discussion Papers, Institute of Developing Economies, Japan External Trade Organization(JETRO), number 180, Nov.
• António B. Moniz & Tobias Woll, 2007, "Main features of the labour policy in Portugal," IET Working Papers Series, Universidade Nova de Lisboa, IET/CICS.NOVA-Interdisciplinary Centre on Social Sciences, Faculty of Science and Technology, number 02/2007, Dec.
• Rantala, Olavi, 2008, "Forecasting Economic Impact of Climate Policy," Discussion Papers, The Research Institute of the Finnish Economy, number 1169.
• Michal, Tvrdon, 2008, "Labour Market Institutions and Labour Market Performance in the European Union," MPRA Paper, University Library of Munich, Germany, number 12219, May.

Report NEP-MAC-2009-01-03

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: