Report NEP-MAC-2009-04-25

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:

• Linzert, Tobias & Christoffel, Kai & Kuester, Keith, 2009. "The role of labor markets for euro area monetary policy," Working Paper Series 1035, European Central Bank.
• Benati, Luca, 2009. "Are 'intrinsic inflation persistence' models structural in the sense of Lucas (1976)?," Working Paper Series 1038, European Central Bank.
• Pierre L. Siklos & Diana N. Weymark, 2009. "Has Inflation Targeting Improved Monetary Policy? Evaluating Policy Effectiveness in Australia, Canada, and New Zealand," Vanderbilt University Department of Economics Working Papers 0906, Vanderbilt University Department of Economics.
• Aleksander Berentsen & Guido Menzio & Randall Wright, 2009. "Inflation and Unemployment in the Long Run," Kiel Working Papers 1501, Kiel Institute for the World Economy.
• Söderlind, Paul, 2009. "Inflation Risk Premia and Survey Evidence on Macroeconomic Uncertainty," CEPR Discussion Papers 7250, C.E.P.R. Discussion Papers.
• Item repec:fip:fedlwp:2009-12 is not listed on IDEAS anymore

• Muellbauer, John & Murata, Keiko, 2009. "Consumption, Land Prices and the Monetary Transmission Mechanism in Japan," CEPR Discussion Papers 7269, C.E.P.R. Discussion Papers.
• Thimann, Christian & Straub, Roland, 2009. "The external and domestic side of macroeconomic adjustment in China," Working Paper Series 1040, European Central Bank.
• Ansgar Belke & Niklas Potrafke, 2009. "Does Government Ideology Matter in Monetary Policy? – A Panel Data Analysis for OECD Countries," Ruhr Economic Papers 0094, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
• Reuven Glick & Michael Hutchison, 2008. "Navigating the Trilemma: Capital Flows and Monetary Policy in China," Working Papers 252008, Hong Kong Institute for Monetary Research.
• Uribe, Martín & Rubio-Ramírez, Juan Francisco & Fernández-Villaverde, Jesús & Guerron-Quintana, Pablo A., 2009. "Risk Matters: The Real Effects of Volatility Shocks," CEPR Discussion Papers 7264, C.E.P.R. Discussion Papers.
• Melander, Ola, 2009. "The Effects of Real Exchange Rate Depreciation in an Economy with Extreme Liability Dollarization," SSE/EFI Working Paper Series in Economics and Finance 715, Stockholm School of Economics, revised 28 Jul 2009.
• Soyoung Kim & Jaewoo Lee, 2008. "International Macroeconomic Fluctuations: A New Open Economy Macroeconomics Interpretation," Working Papers 232008, Hong Kong Institute for Monetary Research.
• Item repec:ecb:ecbwps:200901036 is not listed on IDEAS anymore

• David Laidler, 2009. "The Bank of Canada Needs to Nurture those Green Shoots of Recovery," e-briefs 77, C.D. Howe Institute.
• Michael Artis & Christian Dreger & Konstantin Kholodilin, 2009. "Common and spatial drivers in regional business cycles," Centre for Growth and Business Cycle Research Discussion Paper Series 118, Economics, The University of Manchester.
• Item repec:fip:fedlwp:2009-19 is not listed on IDEAS anymore

• Zeira, Joseph & Strawczynski, Michel, 2009. "Cyclicality of Fiscal Policy: Permanent and Transitory Shocks," CEPR Discussion Papers 7271, C.E.P.R. Discussion Papers.
• Hans-Werner Wohltmann & Roland Winkler, 2009. "On the Non-Optimality of Information: An Analysis of the Welfare Effects of Anticipated Shocks in the New Keynesian Model," Kiel Working Papers 1497, Kiel Institute for the World Economy.
• Francesco Drudi & Petra Köhler-Ulbrich & Marco Protopapa & Jiri Slacalek & Christoffer Kok Sørensen & Guido Wolswijk & Ramón Gómez Salvador & Ruth Magono & Nico Valckx & Elmar Stöss & Gerbert Hebbink , 2009. "Housing Finance in the Euro Area," Occasional Paper Series 101, European Central Bank.
• Coricelli, Fabrizio & Horváth, Roman & ,, 2009. "Assessing Inflation Persistence: Micro Evidence on an Inflation Targeting Economy," CEPR Discussion Papers 7268, C.E.P.R. Discussion Papers.
• Monika Piazzesi & Martin Schneider, . "Inflation and the price of real assets," Staff Report, Federal Reserve Bank of Minneapolis.
• Aymen Belgacem, 2009. "Fundamentals, Macroeconomic Announcements and Asset Prices," EconomiX Working Papers 2009-16, University of Paris Nanterre, EconomiX.
• Jim Malley & Ulrich Woitek, 2009. "Technology shocks and aggregate fluctuations in an estimated hybrid RBC model," Working Papers 2009_15, Business School - Economics, University of Glasgow.
• Bork, Lasse, 2009. "Estimating US Monetary Policy Shocks Using a Factor-Augmented Vector Autoregression: An EM Algorithm Approach," Finance Research Group Working Papers F-2009-03, University of Aarhus, Aarhus School of Business, Department of Business Studies.
• Tang, Weiqi & Wu, Libo & Zhang, ZhongXiang, 2009. "Oil price shocks and their short- and long-term effects on the Chinese economy," MPRA Paper 14703, University Library of Munich, Germany.
• Thomas Palley, 2009. "WP 2009-1 Re-specifying the Keynesian Income-Expenditure Model to Properly Account for Imports: Implications for Fiscal Policy," SCEPA working paper series. 2009-1, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
• James Yetman, 2009. "Hong Kong Consumer Prices are Flexible," Working Papers 052009, Hong Kong Institute for Monetary Research.
• Ettore Dorrucci & Alexis Meyer-Cirkel & Daniel Santabárbara, 2009. "Domestic Financial Development in Emerging Economies: Evidence and Implications," Occasional Paper Series 102, European Central Bank.
• Guglielmo Maria Caporale & Luis A. Gil-Alana, 2009. "Multi-Factor Gegenbauer Processes and European Inflation Rates," Discussion Papers of DIW Berlin 879, DIW Berlin, German Institute for Economic Research.
• Çelik, Sadullah & Deniz, Pınar, 2009. "Does Fed Funds Target Interest Rate Lead Bank of England’s Bank Rate and European Central Bank’s Key Interest Rate?," MPRA Paper 14750, University Library of Munich, Germany.
• Dées, Stéphane & Saint-Guilhem, Arthur, 2009. "The role of the United States in the global economy and its evolution over time," Working Paper Series 1034, European Central Bank.
• Michael B Devereux & Alan Sutherland, 2009. "A Portfolio Model of Capital Flows to Emerging Markets," Working Papers 082009, Hong Kong Institute for Monetary Research.
• Jean Imbs & Isabelle Mˆmjean, 2008. "Elasticity Optimism," Working Papers 242008, Hong Kong Institute for Monetary Research.
• Troy Davig & Eric M. Leeper, 2009. "Reply to "Generalizing the Taylor Principle: A Comment"," NBER Working Papers 14919, National Bureau of Economic Research, Inc.
• Bekaert, Geert & Hoerova, Marie & Scheicher, Martin, 2009. "What do asset prices have to say about risk appetite and uncertainty?," Working Paper Series 1037, European Central Bank.
• Ansgar Belke & Ingo G. Bordon & Torben W. Hendricks, 2009. "Global Liquidity and Commodity Prices – A Cointegrated VAR Approach for OECD Countries," Ruhr Economic Papers 0102, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
• Mohsin S. Khan, 2009. "The GCC Monetary Union: Choice of Exchange Rate Regime," Working Paper Series WP09-1, Peterson Institute for International Economics.
• Hevia, Constantino, 2009. "Emerging market fluctuations : what makes the difference ?," Policy Research Working Paper Series 4897, The World Bank.
• John H. Munro, 2009. "Warfare, Liquidity Crises, and Coinage Debasements in Burgundian Flanders, 1384 - 1482: Monetary or Fiscal Remedies?," Working Papers tecipa-355, University of Toronto, Department of Economics.
• Korkut Erturk, Gokcer Ozgur, 2009. "WP 2009-2 The Decline of Traditional Banking and Endogenous Money," SCEPA working paper series. 2009-2, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
• Bonpasse, Morrison, 2009. "The single global currency - common cents for the world (2008 Edition)," MPRA Paper 14756, University Library of Munich, Germany.
• von Hagen, Jurgen & Schmitz, Birgit, 2009. "Current Account Imbalances and Financial Integration in the Euro Area," CEPR Discussion Papers 7262, C.E.P.R. Discussion Papers.
• Douglas W. Diamond & Raghuram G. Rajan, 2009. "Fear of Fire Sales and the Credit Freeze," NBER Working Papers 14925, National Bureau of Economic Research, Inc.
• Philip R. Lane & Jay C. Shambaugh, 2009. "The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets," NBER Working Papers 14909, National Bureau of Economic Research, Inc.
• Bertola, Giuseppe, 2009. "Inequality, Integration, and Policy: Issues and evidence from EMU," CEPR Discussion Papers 7251, C.E.P.R. Discussion Papers.
• Calderon, Cesar & Kubota, Megumi, 2009. "Does higher openness cause more real exchange rate volatility ?," Policy Research Working Paper Series 4896, The World Bank.
• Item repec:fra:franaf:202 is not listed on IDEAS anymore

• Kilian, Lutz & Hicks, Bruce, 2009. "Did Unexpectedly Strong Economic Growth Cause the Oil Price Shock of 2003-2008?," CEPR Discussion Papers 7265, C.E.P.R. Discussion Papers.
• Stefan Ried, 2009. "Putting Up a Good Fight: The Galí-Monacelli Model versus “The Six Major Puzzles in International Macroeconomicsâ€," SFB 649 Discussion Papers SFB649DP2009-020, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
• Monika Piazzesi & Martin Schneider, . "Trend and cycle in bond premia," Staff Report, Federal Reserve Bank of Minneapolis.
• Ravi Kanbur, 2009. "Listen Up Economists,Why Might History Matter for Development Policy?," Working Papers id:1897, eSocialSciences.
• Galina Hale & Assaf Razin & Hui Tong, 2008. "Credit Crunch, Creditor Protection, and Asset Prices," Working Papers 162008, Hong Kong Institute for Monetary Research.
• Peter B. Dixon & Martin Johnson & Maureen T. Rimmer, 2008. "Reducing Illegal Migrants in the U.S.: A Dynamic CGE Analysis," Centre of Policy Studies/IMPACT Centre Working Papers g-183, Victoria University, Centre of Policy Studies/IMPACT Centre.
• Juan Carlos Echeverry & Jaime Navas & Verónica Navas & María Paula Gómez, 2009. "Oil in Colombia: History, Regulation and Macroeconomic Impact," Documentos CEDE 5428, Universidad de los Andes, Facultad de Economía, CEDE.
• Guido Menzio & Shouyong Shi, 2009. "Block Recursive Equilibria for Stochastic Models of Search on the Job," NBER Working Papers 14907, National Bureau of Economic Research, Inc.
• Bergin, Adele & Conefrey, Thomas & FitzGerald, John & Kearney, Ide, 2009. "The Behaviour of the Irish Economy: Insights from the HERMES Macro-Economic Model," Papers WP287, Economic and Social Research Institute (ESRI).
• Voth, Hans-Joachim & Voigtländer, Nico, 2009. "The Three Horsemen of Growth: Plague, War and Urbanization in Early Modern Europe," CEPR Discussion Papers 7275, C.E.P.R. Discussion Papers.
• von Hagen, Jurgen & Hepp, Ralf, 2009. "Fiscal Federalism in Germany: Stabilization and Redistribution Before and After Unification," CEPR Discussion Papers 7246, C.E.P.R. Discussion Papers.
• Giorgio Calcagnini & Germana Giombini, 2009. "Credit Expansion and Banking Crises: The Role of Guarantees," Working Papers 0903, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2009.
• Ángel Estrada, 2009. "The mark-ups in the Spanish economy: international comparison and recent evolution," Working Papers 0905, Banco de España.
• Giorgio Calcagnini & Fabio Farabullini & Germana Giombini, 2009. "Loans, Interest Rates and Guarantees: Is There a Link?," Working Papers 0904, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2009.
• Item repec:hhs:bofitp:2009_004 is not listed on IDEAS anymore

• Baten, Jörg & Crayen, Dorothee & A'Hearn, Brian, 2009. "Quantifying Quantitative Literacy: Age Heaping and the History of Human Capital," CEPR Discussion Papers 7277, C.E.P.R. Discussion Papers.
• David Love & Paul A. Smith, 2008. "Pension Freezes and Household Saving Over the Life Cycle," Department of Economics Working Papers 2008-21, Department of Economics, Williams College.
• Valila, Timo, 2009. "No policy is an island - on the interaction between industrial and other policies," EIB Papers 7/2006, European Investment Bank, Economics Department.
• Melander, Ola, 2009. "Uncovered Interest Parity in a Partially Dollarized Developing Country: Does UIP Hold in Bolivia? (And If Not, Why Not?)," SSE/EFI Working Paper Series in Economics and Finance 716, Stockholm School of Economics, revised 30 Jul 2009.
• Francisco J. Buera & Joseph Kaboski & Yongseok Shin, 2009. "Finance and Development: A Tale of Two Sectors," NBER Working Papers 14914, National Bureau of Economic Research, Inc.
• Bednarik, Radek, 2008. "Covered Interest Rate Parity: The Case of the Czech Republic," MPRA Paper 14696, University Library of Munich, Germany.