Report NEP-MAC-2014-05-17

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:

• Jing Cynthia Wu & Fan Dora Xia, 2014, "Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound," NBER Working Papers, National Bureau of Economic Research, Inc, number 20117, May.
• Marco Del Negro & Marc P. Giannoni & Frank Schorfheide, 2014, "Inflation in the Great Recession and New Keynesian Models," NBER Working Papers, National Bureau of Economic Research, Inc, number 20055, Apr.
• Franz Hamann & Marc Hofstetter & Miguel Urrutia, 2014, "Inflation Targeting in Colombia, 2002-2012," Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE, number 11007, Mar.
• Paolo Gelain & Pelin Ilbas, 2014, "Monetary and macroprudential policies in an estimated model with financial intermediation," Working Paper Research, National Bank of Belgium, number 258, May.
• Samuel Wills, 2014, "Optimal Monetary Responses to Oil Discoveries," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2014-37, May.
• Andersen, Thomas Barnebeck & Malchow-Møller, Nikolaj, 2014, "Denmark's fixed exchange rate regime and the delayed recovery from the Global Financial Crisis: A comparative macroeconomic analysis," Discussion Papers on Economics, University of Southern Denmark, Department of Economics, number 10/2014, May.
• Dumitriu, Ramona & Stefanescu, Razvan, 2014, "Perspective ale ţintirii inflaţiei
  [Perspectives of the Inflation Targeting]," MPRA Paper, University Library of Munich, Germany, number 52943, Jan, revised 14 Jan 2014.
• John Y. Campbell & Carolin Pflueger & Luis M. Viceira, 2014, "Macroeconomic Drivers of Bond and Equity Risks," NBER Working Papers, National Bureau of Economic Research, Inc, number 20070, Apr.
• Cebula, Richard, 2014, "Current Evidence on the Impact of Budget Deficits on the Nominal Interest Rate Yield on Intermediate-term Debt Issues of the U.S. Treasury: An Analysis with Robustness Tests," MPRA Paper, University Library of Munich, Germany, number 55923, May.
• Simon Gilchrist & David López-Salido & Egon Zakrajšek, 2014, "Monetary Policy and Real Borrowing Costs at the Zero Lower Bound," NBER Working Papers, National Bureau of Economic Research, Inc, number 20094, May.
• J. Scott Davis & Ignacio Presno, 2014, "Inflation targeting and the anchoring of inflation expectations: cross-country evidence from consensus forecasts," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 174, May, DOI: 10.24149/gwp174.
• Eric Tymoigne, 2014, "Monetary Mechanics: A Financial View," Economics Working Paper Archive, Levy Economics Institute, number wp_799, May.
• Jan in'tVeld & Robert Kollmann & Beatrice Pataracchia & Marco Ratto & Werner Roeger, 2014, "International Capital Flows and the Boom-Bust Cycle in Spain," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number ECARES 2014-26, Apr.
• Manjong Lee & Sung Guan Yun, 2014, "Composition of Portfolio and Cost of Inflation," Discussion Paper Series, Institute of Economic Research, Korea University, number 1403.
• Item repec:imk:wpaper:133-2013 is not listed on IDEAS anymore

• Chun-Hung Kuo & Hiroaki Miyamoto, 2014, "Fiscal Stimulus and Unemployment Dynamics," Working Papers, Research Institute, International University of Japan, number EMS_2014_05, May.
• Andr�s �lvarez & Marc Hofstetter, 2013, "Job Vacancies in Colombia: 1976-2012," Borradores de Economia, Banco de la Republica, number 11102, Dec.
• Born, Benjamin & Pfeifer, Johannes, 2014, "Risk Matters: A Comment," Dynare Working Papers, CEPREMAP, number 39, May.
• Julian A. Parra-Polania & Carmi�a O. Vargas, 2014, "Changes in GDP�s measurement error volatility and response of the monetary policy rate: two approaches," Borradores de Economia, Banco de la Republica, number 11146, Mar.
• Christina D. Romer & David H. Romer, 2014, "Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes, 1952-1991," NBER Working Papers, National Bureau of Economic Research, Inc, number 20087, May.
• Paul Bergin & Ling Feng & Ching-Yi Lin, 2014, "Financial Frictions and Firm Dynamics," NBER Working Papers, National Bureau of Economic Research, Inc, number 20099, May.
• Kozo Ueda & Yoshiyuki Nakazono & Ippei Fujiwara, 2014, "Policy Regime Change against Chronic Deflation? Policy option under long-term liquidity trap," AJRC Working Papers, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University, number 1402.
• Francesco Bianchi & Cosmin L. Ilut & Martin Schneider, 2014, "Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle," NBER Working Papers, National Bureau of Economic Research, Inc, number 20081, May.
• Gara M. dup Afonso & Ricardo Lagos, 2014, "The Over-the-Counter Theory of the Fed Funds Market: A Primer," Working Papers, Federal Reserve Bank of Minneapolis, number 711, Apr.
• Maria Lucia Florez-Jimenez & Julian A. Parra-Polania, 2014, "Forward guidance with an escape clause: When half a promise is better than a full one," Borradores de Economia, Banco de la Republica, number 11143, Mar.
• Camilo Gonz�lez & Luisa Silva & Carmi�a Vargas & Andr�s M. Velasco, 2013, "Uncertainty in the Money supply mechanism and interbank markets in Colombia," Borradores de Economia, Banco de la Republica, number 11094, Nov.
• Jair N. Ojeda & Juli�n A. Parra-Polan�a & Carmi�a O. Vargas, 2014, "Natural-Resource Booms, Fiscal Rules and Welfare in a Small Open Economy," Borradores de Economia, Banco de la Republica, number 11132, Jan.
• Michael Parkin, 2014, "The Effects of Central Bank Independence and Inflation Targeting on Macroeconomic Performance: Evidence from Natural Experiments," Working Paper series, Rimini Centre for Economic Analysis, number 11_14, Apr.
• Charles Ka Yui Leung, 2014, "Error correction dynamics of house prices: an equilibrium benchmark," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 177, May, DOI: 10.24149/gwp177.
• George M. Constantinides & Anisha Ghosh, 2014, "Asset Pricing with Countercyclical Household Consumption Risk," NBER Working Papers, National Bureau of Economic Research, Inc, number 20110, May.
• Ashima Goyal & Akash Kumar Baikar, 2014, "Psychology, cyclicality or social programs: Rural wage and inflation dynamics in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2014-014, Apr.
• Robert Kollmann & Marco Ratto & Werner Roeger & Jan in’t Veld & Lukas Vogel, 2014, "What Drives the German Current Account? And How Does It Affect Other EU Member States?," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2014-35, May.
• Paul Beaudry & Dana Galizia & Franck Portier, 2014, "Reconciling Hayek's and Keynes Views of Recessions," NBER Working Papers, National Bureau of Economic Research, Inc, number 20101, May.
• Julian di Giovanni & Andrei Levchenko & Isabelle Mejean, 2014, "Firms, Destinations, and Aggregate Fluctuations," NBER Working Papers, National Bureau of Economic Research, Inc, number 20061, Apr.
• John Carter Braxton & Edward S. Knotek, 2014, "Consumer debt dynamics:follow the increasers," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 14-2, Mar.
• Charles I. Plosser, 2014, "Communication and transparency in the conduct of monetary policy," Speech, Federal Reserve Bank of Philadelphia, number 98, May.
• Chia-Lin Chang & Hui-Kuang Hsu & Michael McAleer, 2014, "A Tourism Financial Conditions Index," Working Papers in Economics, University of Canterbury, Department of Economics and Finance, number 14/13, May.
• Stéphane Dées & Jochen Güntner, 2014, "The International Dimension of Confidence Shocks," Economics working papers, Department of Economics, Johannes Kepler University Linz, Austria, number 2014-05, Apr.
• Luis Eduardo Arango & Wilmar Cabrera & Esteban G�mez & Juan Carlos Mendoza, 2013, "Tasa de inter�s de largo plazo, inter�s t�cnico y pasivo pensional," Borradores de Economia, Banco de la Republica, number 11101, Dec.
• Franco, Ray John Gabriel & Mapa, Dennis S., 2014, "The Dynamics of Inflation and GDP Growth: A Mixed Frequency Model Approach," MPRA Paper, University Library of Munich, Germany, number 55858.
• Troy Davig & Andrew T. Foerster, 2014, "Uncertainty and fiscal cliffs," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 14-4, Apr.
• Philippe Bacchetta & Kenza Benhima & Yannick Kalantzis, 2014, "Optimal Exchange Rate Policy in a Growing Semi-Open Economy," Working Papers, Hong Kong Institute for Monetary Research, number 092014, May.
• Deborah Mabbett & Waltraud Schelkle, 2014, "Searching under the lamp-post: the evolution of fiscal surveillance," LEQS – LSE 'Europe in Question' Discussion Paper Series, European Institute, LSE, number 75, May.
• Fonseca, Marcelo Gonçalves da Silva & Pereira, Pedro L. Valls, 2014, "Credit shocks and monetary policy in Brazil: a structural FAVAR approach," Textos para discussão, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil), number 358, May.
• Item repec:dnb:dnbwpp:423 is not listed on IDEAS anymore

• Georgescu, George, 2014, "Factori de creştere a sustenabilităţii datoriei publice
  [Drivers of increasing the public debt sustainability]," MPRA Paper, University Library of Munich, Germany, number 52957, Jan.
• Takami, Norikazu, 2014, "Baffling Inflation: Cost-push Inflation Theories in the Late 1950s United States," Discussion Paper Series, Institute of Economic Research, Hitotsubashi University, number 604, Apr.
• Dwyer, Gerald P, 2014, "The Economics of Private Digital Currency," MPRA Paper, University Library of Munich, Germany, number 55824, May.
• Greg Kaplan & Giovanni L. Violante & Justin Weidner, 2014, "The Wealthy Hand-to-Mouth," NBER Working Papers, National Bureau of Economic Research, Inc, number 20073, Apr.
• Frédéric Gonand, 2014, "Fostering Renewables and Recycling a Carbon Tax: Joint Aggregate and Intergenerational Redistributive Effects," Working Papers, Chaire Economie du climat, number 1408.
• Grégory Claeys & Zsolt Darvas & Silvia Merler & Guntram B. Wolff, 2014, "Addressing weak inflation- The European Central Bank's shopping list," Bruegel Policy Contributions, Bruegel, number 826, May.
• Item repec:kie:kieliw:1923 is not listed on IDEAS anymore

• Jacek Rothert & Mohammad Rahmati, 2014, "Business Cycle Accounting in a Small Open Economy," Departmental Working Papers, United States Naval Academy Department of Economics, number 46, Mar.
• Heng-fu Zou, 2014, "Economic growth," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics, number 598, Apr.
• Benjamin Käfer, 2014, "The Taylor Rule and Financial Stability: A Literature Review with Application for the Eurozone," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 201430.
• Monica Gomez, 2013, "An√°lisis del ciclo econ√≥mico en una econom√≠a con rigideces nominales y un amplio sector informal," Documentos de Trabajo, Universidad del Rosario, number 10996, Aug.
• Liu, Xiaochun, 2013, "Markov-Switching Quantile Autoregression," MPRA Paper, University Library of Munich, Germany, number 55800, Oct.
• Raphael Auer & Aaron Mehrotra, 2014, "Trade linkages and the globalisation of inflation in Asia and the Pacific," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 172, Apr, DOI: 10.24149/gwp172.
• George Alessandria & Horag Choi & Kim J. Ruhl, 2014, "Trade adjustment dynamics and the welfare gains from trade," Working Papers, Federal Reserve Bank of Philadelphia, number 14-14, Apr.
• Kosuke Aoki & Tomoyuki Nakajima & Kalin Nikolov, 2014, "Safe Asset Shortages and Asset Price Bubbles," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-344, May.
• Heng-fu Zou, 2014, "Macroeconomic Dynamics," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics, number 596, Apr.
• Wilman Gomez, 2014, "A DSGE Model with loss aversion in consumption and leisure: An explanation for business cycles aymmetries," Documentos de Trabajo, Universidad del Rosario, number 11100, Apr.
• Kashiwabara, Chie, 2014, "The asset/liability structure of the Philippine banks and non-bank financial institutions in 2000s : a preliminary study for financial access analyses," IDE Discussion Papers, Institute of Developing Economies, Japan External Trade Organization(JETRO), number 468, Apr.
• Heng-fu Zou, 2014, "Public finance," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics, number 597, Apr.
• Carlos Le�n & Clara Machado & Andr�s Murcia, 2013, "Macro-prudential assessment of Colombian financial institutions� systemic importance," Borradores de Economia, Banco de la Republica, number 11105, Dec.
• Maito, Esteban Ezequiel, 2014, "Piketty against Piketty: the tendency of the rate of profit to fall in United Kingdom and Germany since XIX century confirmed by Piketty´s data," MPRA Paper, University Library of Munich, Germany, number 55839, May.
• J. Scott Davis & Adrienne Mack & Wesley Phoa & Anne Vandenabeele, 2014, "Credit booms, banking crises, and the current account," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 178, May, DOI: 10.24149/gwp178.
• Pidong Huang & Young Sik Kim & Manjong Lee, 2014, "Optimal Allocation of Social Cost for Electronic Payment System: A Ramsey Approach," Discussion Paper Series, Institute of Economic Research, Korea University, number 1402.
• Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza & Greg Hannsgen, 2014, "Is Rising Inequality a Hindrance to the US Economic Recovery?," Economics Strategic Analysis Archive, Levy Economics Institute, number sa_apr_14, Apr.
• Emmanuel Farhi & Iván Werning, 2014, "Labor Mobility Within Currency Unions," NBER Working Papers, National Bureau of Economic Research, Inc, number 20105, May.
• Quaas, Georg, 2014, "Profit als Rente. Anmerkungen zu einer pro-kapitalistischen Entwicklungstheorie
  [Profit as rent: Some remarks about a pro-capitalist theory of development]," MPRA Paper, University Library of Munich, Germany, number 55912, Mar, revised May 2014.
• Kenichiro MAEOKA & Yusuke KANDA & Takeshi NAKANO & Koichi KUME & Satoshi FUJII, 2014, "Empirical Analysis on the Relevance of the Resilience of National Economies and Industry, Fiscal, and Monetary Policies (Japanese)," Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI), number 14027, May.
• Item repec:nsr:niesrd:3279 is not listed on IDEAS anymore

• Wilmar Alexander Cabrera Rodr�guez & Luis Fernando Melo Velandia & Daniel Parra Amado, 2014, "Relaci�n entre el riesgo sist�mico del sistema financiero y el sector real: un enfoque FAVAR," Borradores de Economia, Banco de la Republica, number 11142, Feb.
• Mariacristina De Nardi & Fang Yang, 2014, "Bequests and Heterogeneity in Retirement Wealth," NBER Working Papers, National Bureau of Economic Research, Inc, number 20058, Apr.
• Carlos Le�n & Clara Machado & Miguel Sarmiento, 2014, "Identifying central bank liquidity super-spreaders in interbank funds networks," Borradores de Economia, Banco de la Republica, number 11187, Apr.
• Charles F. Manski, 2014, "Communicating Uncertainty in Official Economic Statistics," NBER Working Papers, National Bureau of Economic Research, Inc, number 20098, May.
• Mario Alejandro Acosta R., 2014, "Las acciones como activo de reserva para el Banco de la Rep√∫blica," Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE, number 11004, Feb.
• Carlos Arango & Yassine Bouhdaoui & David Bounie & Martina Eschelbach, 2014, "Cash Management and Payment Choices: A Simulation Model with International Comparisons," Borradores de Economia, Banco de la Republica, number 11124, Jan.
• Fernando Arias Rodr�guez & Celina Gait�n Maldonado & Johanna L�pez Velandia, 2014, "Las Entidades Financieras a lo Largo del Ciclo de Negocios: �Es el Ciclo Financiero sensible al Ciclo de Negocios?," Borradores de Economia, Banco de la Republica, number 11147, Apr.
• Diana Zigraiova & Petr Jakubik, 2014, "Systemic Event Prediction by Early Warning System," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2014/01, Jan, revised Jan 2014.
• Bernard Herskovic & Bryan T. Kelly & Hanno Lustig & Stijn Van Nieuwerburgh, 2014, "The Common Factor in Idiosyncratic Volatility: Quantitative Asset Pricing Implications," NBER Working Papers, National Bureau of Economic Research, Inc, number 20076, Apr.
• Item repec:nsr:niesrd:11742 is not listed on IDEAS anymore

• Daron Acemoglu, 2014, "Localized and Biased Technologies: Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change," NBER Working Papers, National Bureau of Economic Research, Inc, number 20060, Apr.
• Pierre-Cyrille Hautcoeur & Angelo Riva & Eugene N. White, 2014, "Floating a "Lifeboat": The Banque de France and the Crisis of 1889," NBER Working Papers, National Bureau of Economic Research, Inc, number 20083, May.
• Michèle A. Weynandt, 2014, "Selective Firing and Lemons," NRN working papers, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria, number 2014-05, Mar.
• Jaroslav Borovička & Lars P. Hansen & Jose A. Scheinkman, 2014, "Shock Elasticities and Impulse Responses," NBER Working Papers, National Bureau of Economic Research, Inc, number 20104, May.
• Maito, Esteban Ezequiel, 2014, "The historical transience of capital: the downward trend in the rate of profit since XIX century," MPRA Paper, University Library of Munich, Germany, number 55894.
• G. Camera & M. Casari & S. Bortolotti, 2014, "An Experiment on Retail Payments Systems," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp942, May.
• Item repec:nsr:niesrd:11730 is not listed on IDEAS anymore

• Anyadike-Danes, Michael & Bjuggren, Carl Magnus & Gottschalk, Sandra & Hölzl, Werner & Johansson, Dan & Maliranta, Mika & Myrann, Anja, 2014, "An International Cohort Comparison of Size Effects on Job Growth," Working Paper Series, Research Institute of Industrial Economics, number 1019, Apr, revised 30 Nov 2014.
• Item repec:nsr:niesrd:11609 is not listed on IDEAS anymore

• Item repec:nsr:niesrd:11462 is not listed on IDEAS anymore

• Wilman G√≥mez, 2014, "Business cycle asymmentries: An investment cost approach," Documentos de Trabajo, Universidad del Rosario, number 11163, Mar.
• Rumen Dobrinsky & Doris Hanzl-Weiss & Gabor Hunya & Sebastian Leitner & Leon Podkaminer & Sandor Richter & Hermine Vidovic, 2013, "Monthly Report No. 10/2013," wiiw Monthly Reports, The Vienna Institute for International Economic Studies, wiiw, number 2013-10, Oct.
• Ana Mar�a Iregui B. & Luis Fernando Melo V. & Mar�a Teresa Ram�rez G. & Carmen Cecilia Delgado R., 2013, "El efecto de la volatilidad y del desalineamiento de la tasa de cambio real sobre la actividad de las empresas en Colombia," Borradores de Economia, Banco de la Republica, number 11106, Dec.
• Juan Esteban Carranza & Alejandra Gonz�lez & Natalia Serna, 2014, "La relaci�n entre la producci�n y el comercio exterior de la industria manufacturera colombiana (2000-2010)," Borradores de Economia, Banco de la Republica, number 11129, Jan.
• Francesco Bosello & Lorenza Campagnolo & Fabio Eboli & Ramiro Parrado, 2014, "Energy from Waste: Generation Potential and Mitigation Opportunity," Working Papers, Fondazione Eni Enrico Mattei, number 2014.38, Apr.
• Item repec:nsr:niesrd:11305 is not listed on IDEAS anymore

• Item repec:nsr:niesrd:11645 is not listed on IDEAS anymore

• Aitor Erce, 2014, "Banking on seniority: the IMF and the sovereign’s creditors," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 175, May, DOI: 10.24149/gwp175.
• Mapa, Dennis S. & Paz, Nino Joseph I. & Eustaquio, John D. & Mindanao, Miguel Antonio C., 2014, "Forecasting Time-Varying Correlation using the Dynamic Conditional Correlation (DCC) Model," MPRA Paper, University Library of Munich, Germany, number 55861.
• Carlos Le�n & Ron J. Berndsen, 2013, "Modular scale-free architecture of Colombian financial networks: Evidence and challenges with financial stability in view," Borradores de Economia, Banco de la Republica, number 11104, Dec.
• Nicholas Bloom & Renata Lemos & Raffaella Sadun & Daniela Scur & John Van Reenen, 2014, "The New Empirical Economics of Management," NBER Working Papers, National Bureau of Economic Research, Inc, number 20102, May.
• Item repec:nsr:niesrd:11487 is not listed on IDEAS anymore

Report NEP-MAC-2014-05-17

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: