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 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:

• Jing Cynthia Wu & Fan Dora Xia, 2014. "Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound," NBER Working Papers 20117, National Bureau of Economic Research, Inc.
• Marco Del Negro & Marc P. Giannoni & Frank Schorfheide, 2014. "Inflation in the Great Recession and New Keynesian Models," NBER Working Papers 20055, National Bureau of Economic Research, Inc.
• Franz Hamann & Marc Hofstetter & Miguel Urrutia, 2014. "Inflation Targeting in Colombia, 2002-2012," Documentos CEDE 11007, Universidad de los Andes, Facultad de Economía, CEDE.
• Paolo Gelain & Pelin Ilbas, 2014. "Monetary and macroprudential policies in an estimated model with financial intermediation," Working Paper Research 258, National Bank of Belgium.
• Samuel Wills, 2014. "Optimal Monetary Responses to Oil Discoveries," CAMA Working Papers 2014-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• 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 10/2014, University of Southern Denmark, Department of Economics.
• Dumitriu, Ramona & Stefanescu, Razvan, 2014. "Perspective ale ţintirii inflaţiei [Perspectives of the Inflation Targeting]," MPRA Paper 52943, University Library of Munich, Germany, revised 14 Jan 2014.
• John Y. Campbell & Carolin Pflueger & Luis M. Viceira, 2014. "Macroeconomic Drivers of Bond and Equity Risks," NBER Working Papers 20070, National Bureau of Economic Research, Inc.
• 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 55923, University Library of Munich, Germany.
• Simon Gilchrist & David López-Salido & Egon Zakrajšek, 2014. "Monetary Policy and Real Borrowing Costs at the Zero Lower Bound," NBER Working Papers 20094, National Bureau of Economic Research, Inc.
• J. Scott Davis & Ignacio Presno, 2014. "Inflation targeting and the anchoring of inflation expectations: cross-country evidence from consensus forecasts," Globalization Institute Working Papers 174, Federal Reserve Bank of Dallas.
• Eric Tymoigne, 2014. "Monetary Mechanics: A Financial View," Economics Working Paper Archive wp_799, Levy Economics Institute.
• 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 ECARES 2014-26, ULB -- Universite Libre de Bruxelles.
• Manjong Lee & Sung Guan Yun, 2014. "Composition of Portfolio and Cost of Inflation," Discussion Paper Series 1403, Institute of Economic Research, Korea University.
• 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 EMS_2014_05, Research Institute, International University of Japan.
• Andrés Álvarez & Marc Hofstetter, 2013. "Job Vacancies in Colombia: 1976-2012," Borradores de Economia 11102, Banco de la Republica.
• Born, Benjamin & Pfeifer, Johannes, 2014. "Risk Matters: A Comment," Dynare Working Papers 39, CEPREMAP.
• Julian A. Parra-Polania & Carmiña O. Vargas, 2014. "Changes in GDP’s measurement error volatility and response of the monetary policy rate: two approaches," Borradores de Economia 11146, Banco de la Republica.
• Christina D. Romer & David H. Romer, 2014. "Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes, 1952-1991," NBER Working Papers 20087, National Bureau of Economic Research, Inc.
• Paul Bergin & Ling Feng & Ching-Yi Lin, 2014. "Financial Frictions and Firm Dynamics," NBER Working Papers 20099, National Bureau of Economic Research, Inc.
• Kozo Ueda & Yoshiyuki Nakazono & Ippei Fujiwara, 2014. "Policy Regime Change against Chronic Deflation? Policy option under long-term liquidity trap," AJRC Working Papers 1402, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
• Francesco Bianchi & Cosmin L. Ilut & Martin Schneider, 2014. "Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle," NBER Working Papers 20081, National Bureau of Economic Research, Inc.
• Gara M. Afonso & Ricardo Lagos, 2014. "The Over-the-Counter Theory of the Fed Funds Market: A Primer," Working Papers 711, Federal Reserve Bank of Minneapolis.
• 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 11143, Banco de la Republica.
• Camilo González & Luisa Silva & Carmiña Vargas & Andrés M. Velasco, 2013. "Uncertainty in the Money supply mechanism and interbank markets in Colombia," Borradores de Economia 11094, Banco de la Republica.
• Jair N. Ojeda & Julián A. Parra-Polanía & Carmiña O. Vargas, 2014. "Natural-Resource Booms, Fiscal Rules and Welfare in a Small Open Economy," Borradores de Economia 11132, Banco de la Republica.
• Michael Parkin, 2014. "The Effects of Central Bank Independence and Inflation Targeting on Macroeconomic Performance: Evidence from Natural Experiments," Working Paper series 11_14, Rimini Centre for Economic Analysis.
• Charles Ka Yui Leung, 2014. "Error correction dynamics of house prices: an equilibrium benchmark," Globalization Institute Working Papers 177, Federal Reserve Bank of Dallas.
• George M. Constantinides & Anisha Ghosh, 2014. "Asset Pricing with Countercyclical Household Consumption Risk," NBER Working Papers 20110, National Bureau of Economic Research, Inc.
• 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 2014-014, Indira Gandhi Institute of Development Research, Mumbai, India.
• 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 2014-35, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Paul Beaudry & Dana Galizia & Franck Portier, 2014. "Reconciling Hayek's and Keynes Views of Recessions," NBER Working Papers 20101, National Bureau of Economic Research, Inc.
• Julian di Giovanni & Andrei Levchenko & Isabelle Mejean, 2014. "Firms, Destinations, and Aggregate Fluctuations," NBER Working Papers 20061, National Bureau of Economic Research, Inc.
• John Carter Braxton & Edward S. Knotek, 2014. "Consumer debt dynamics:follow the increasers," Research Working Paper RWP 14-2, Federal Reserve Bank of Kansas City.
• Charles I. Plosser, 2014. "Communication and transparency in the conduct of monetary policy," Speech 98, Federal Reserve Bank of Philadelphia.
• Chia-Lin Chang & Hui-Kuang Hsu & Michael McAleer, 2014. "A Tourism Financial Conditions Index," Working Papers in Economics 14/13, University of Canterbury, Department of Economics and Finance.
• Stéphane Dées & Jochen Güntner, 2014. "The International Dimension of Confidence Shocks," Economics working papers 2014-05, Department of Economics, Johannes Kepler University Linz, Austria.
• Luis Eduardo Arango & Wilmar Cabrera & Esteban Gómez & Juan Carlos Mendoza, 2013. "Tasa de interés de largo plazo, interés técnico y pasivo pensional," Borradores de Economia 11101, Banco de la Republica.
• Franco, Ray John Gabriel & Mapa, Dennis S., 2014. "The Dynamics of Inflation and GDP Growth: A Mixed Frequency Model Approach," MPRA Paper 55858, University Library of Munich, Germany.
• Troy Davig & Andrew T. Foerster, 2014. "Uncertainty and fiscal cliffs," Research Working Paper RWP 14-4, Federal Reserve Bank of Kansas City.
• Philippe Bacchetta & Kenza Benhima & Yannick Kalantzis, 2014. "Optimal Exchange Rate Policy in a Growing Semi-Open Economy," Working Papers 092014, Hong Kong Institute for Monetary Research.
• Deborah Mabbett & Waltraud Schelkle, 2014. "Searching under the lamp-post: the evolution of fiscal surveillance," LEQS – LSE 'Europe in Question' Discussion Paper Series 75, European Institute, LSE.
• Fonseca, Marcelo Gonçalves da Silva & Pereira, Pedro L. Valls, 2014. "Credit shocks and monetary policy in Brazil: a structural FAVAR approach," Textos para discussão 358, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
• Ayako Saiki & Jon Frost, 2014. "How does unconventional monetary policy affect inequality? Evidence from Japan," DNB Working Papers 423, Netherlands Central Bank, Research Department.
• Georgescu, George, 2014. "Factori de creştere a sustenabilităţii datoriei publice [Drivers of increasing the public debt sustainability]," MPRA Paper 52957, University Library of Munich, Germany.
• Takami, Norikazu, 2014. "Baffling Inflation: Cost-push Inflation Theories in the Late 1950s United States," Discussion Paper Series 604, Institute of Economic Research, Hitotsubashi University.
• Dwyer, Gerald P, 2014. "The Economics of Private Digital Currency," MPRA Paper 55824, University Library of Munich, Germany.
• Greg Kaplan & Giovanni L. Violante & Justin Weidner, 2014. "The Wealthy Hand-to-Mouth," NBER Working Papers 20073, National Bureau of Economic Research, Inc.
• Frédéric Gonand, 2014. "Fostering Renewables and Recycling a Carbon Tax: Joint Aggregate and Intergenerational Redistributive Effects," Working Papers 1408, Chaire Economie du climat.
• Grégory Claeys & Zsolt Darvas & Silvia Merler & Guntram B. Wolff, 2014. "Addressing weak inflation- The European Central Bank's shopping list," Policy Contributions 826, Bruegel.
• Mewael F. Tesfaselassie, 2014. "Credible Disinflation and Delayed Slumps under Real Wage Rigidity," Kiel Working Papers 1923, Kiel Institute for the World Economy.
• Jacek Rothert & Mohammad Rahmati, 2014. "Business Cycle Accounting in a Small Open Economy," Departmental Working Papers 46, United States Naval Academy Department of Economics.
• Heng-fu Zou, 2014. "Economic growth," CEMA Working Papers 598, China Economics and Management Academy, Central University of Finance and Economics.
• Benjamin Käfer, 2014. "The Taylor Rule and Financial Stability: A Literature Review with Application for the Eurozone," MAGKS Papers on Economics 201430, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Monica Gomez, 2013. "Análisis del ciclo económico en una economía con rigideces nominales y un amplio sector informal," Documentos de Trabajo 10996, Universidad del Rosario.
• Liu, Xiaochun, 2013. "Markov-Switching Quantile Autoregression," MPRA Paper 55800, University Library of Munich, Germany.
• Raphael Auer & Aaron Mehrotra, 2014. "Trade linkages and the globalisation of inflation in Asia and the Pacific," Globalization Institute Working Papers 172, Federal Reserve Bank of Dallas.
• George Alessandria & Horag Choi & Kim J. Ruhl, 2014. "Trade adjustment dynamics and the welfare gains from trade," Working Papers 14-14, Federal Reserve Bank of Philadelphia.
• Kosuke Aoki & Tomoyuki Nakajima & Kalin Nikolov, 2014. "Safe Asset Shortages and Asset Price Bubbles," CARF F-Series CARF-F-344, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
• Heng-fu Zou, 2014. "Macroeconomic Dynamics," CEMA Working Papers 596, China Economics and Management Academy, Central University of Finance and Economics.
• Wilman Gomez, 2014. "A DSGE Model with loss aversion in consumption and leisure: An explanation for business cycles aymmetries," Documentos de Trabajo 11100, Universidad del Rosario.
• 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 468, Institute of Developing Economies, Japan External Trade Organization(JETRO).
• Heng-fu Zou, 2014. "Public finance," CEMA Working Papers 597, China Economics and Management Academy, Central University of Finance and Economics.
• Carlos León & Clara Machado & Andrés Murcia, 2013. "Macro-prudential assessment of Colombian financial institutions’ systemic importance," Borradores de Economia 11105, Banco de la Republica.
• 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 55839, University Library of Munich, Germany.
• J. Scott Davis & Adrienne Mack & Wesley Phoa & Anne Vandenabeele, 2014. "Credit booms, banking crises, and the current account," Globalization Institute Working Papers 178, Federal Reserve Bank of Dallas.
• Pidong Huang & Young Sik Kim & Manjong Lee, 2014. "Optimal Allocation of Social Cost for Electronic Payment System: A Ramsey Approach," Discussion Paper Series 1402, Institute of Economic Research, Korea University.
• Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza & Greg Hannsgen, 2014. "Is Rising Inequality a Hindrance to the US Economic Recovery?," Economics Strategic Analysis Archive sa_apr_14, Levy Economics Institute.
• Emmanuel Farhi & Iván Werning, 2014. "Labor Mobility Within Currency Unions," NBER Working Papers 20105, National Bureau of Economic Research, Inc.
• 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 55912, University Library of Munich, Germany, revised May 2014.
• MAEOKA Kenichiro & KANDA Yusuke & NAKANO Takeshi & KUME Koichi & FUJII Satoshi, 2014. "Empirical Analysis on the Relevance of the Resilience of National Economies and Industry, Fiscal, and Monetary Policies (Japanese)," Discussion Papers (Japanese) 14027, Research Institute of Economy, Trade and Industry (RIETI).
• Item repec:nsr:niesrd:3279 is not listed on IDEAS anymore

• Wilmar Alexander Cabrera Rodríguez & Luis Fernando Melo Velandia & Daniel Parra Amado, 2014. "Relación entre el riesgo sistémico del sistema financiero y el sector real: un enfoque FAVAR," Borradores de Economia 11142, Banco de la Republica.
• Mariacristina De Nardi & Fang Yang, 2014. "Bequests and Heterogeneity in Retirement Wealth," NBER Working Papers 20058, National Bureau of Economic Research, Inc.
• Carlos León & Clara Machado & Miguel Sarmiento, 2014. "Identifying central bank liquidity super-spreaders in interbank funds networks," Borradores de Economia 11187, Banco de la Republica.
• Charles F. Manski, 2014. "Communicating Uncertainty in Official Economic Statistics," NBER Working Papers 20098, National Bureau of Economic Research, Inc.
• Mario Alejandro Acosta R., 2014. "Las acciones como activo de reserva para el Banco de la República," Documentos CEDE 11004, Universidad de los Andes, Facultad de Economía, CEDE.
• Carlos Arango & Yassine Bouhdaoui & David Bounie & Martina Eschelbach, 2014. "Cash Management and Payment Choices: A Simulation Model with International Comparisons," Borradores de Economia 11124, Banco de la Republica.
• Fernando Arias Rodríguez & Celina Gaitán Maldonado & Johanna López Velandia, 2014. "Las Entidades Financieras a lo Largo del Ciclo de Negocios: ¿Es el Ciclo Financiero sensible al Ciclo de Negocios?," Borradores de Economia 11147, Banco de la Republica.
• Diana Zigraiova & Petr Jakubik, 2014. "Systemic Event Prediction by Early Warning System," Working Papers IES 2014/01, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, 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 20076, National Bureau of Economic Research, Inc.
• 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 20060, National Bureau of Economic Research, Inc.
• Pierre-Cyrille Hautcoeur & Angelo Riva & Eugene N. White, 2014. "Floating a "Lifeboat": The Banque de France and the Crisis of 1889," NBER Working Papers 20083, National Bureau of Economic Research, Inc.
• Michèle A. Weynandt, 2014. "Selective Firing and Lemons," NRN working papers 2014-05, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
• Jaroslav Borovička & Lars P. Hansen & Jose A. Scheinkman, 2014. "Shock Elasticities and Impulse Responses," NBER Working Papers 20104, National Bureau of Economic Research, Inc.
• Maito, Esteban Ezequiel, 2014. "The historical transience of capital: the downward trend in the rate of profit since XIX century," MPRA Paper 55894, University Library of Munich, Germany.
• G. Camera & M. Casari & S. Bortolotti, 2014. "An Experiment on Retail Payments Systems," Working Papers wp942, Dipartimento Scienze Economiche, Universita' di Bologna.
• 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 1019, Research Institute of Industrial Economics, 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 Gómez, 2014. "Business cycle asymmentries: An investment cost approach," Documentos de Trabajo 11163, Universidad del Rosario.
• Rumen Dobrinsky & Doris Hanzl-Weiss & Gabor Hunya & Sebastian Leitner & Leon Podkaminer & Sandor Richter & Hermine Vidovic, 2013. "Monthly Report No. 10/2013," wiiw Monthly Reports 2013-10, The Vienna Institute for International Economic Studies, wiiw.
• Ana María Iregui B. & Luis Fernando Melo V. & María Teresa Ramírez 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 11106, Banco de la Republica.
• Juan Esteban Carranza & Alejandra González & Natalia Serna, 2014. "La relación entre la producción y el comercio exterior de la industria manufacturera colombiana (2000-2010)," Borradores de Economia 11129, Banco de la Republica.
• Francesco Bosello & Lorenza Campagnolo & Fabio Eboli & Ramiro Parrado, 2014. "Energy from Waste: Generation Potential and Mitigation Opportunity," Working Papers 2014.38, Fondazione Eni Enrico Mattei.
• 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 175, Federal Reserve Bank of Dallas.
• 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 55861, University Library of Munich, Germany.
• Carlos León & Ron J. Berndsen, 2013. "Modular scale-free architecture of Colombian financial networks: Evidence and challenges with financial stability in view," Borradores de Economia 11104, Banco de la Republica.
• Nicholas Bloom & Renata Lemos & Raffaella Sadun & Daniela Scur & John Van Reenen, 2014. "The New Empirical Economics of Management," NBER Working Papers 20102, National Bureau of Economic Research, Inc.
• Item repec:nsr:niesrd:11487 is not listed on IDEAS anymore