Report NEP-MAC-2014-08-16

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:

• Alexandra Bozhechkova & Anna Kiyutsevskaya & Pavel Trunin, 2014. "Russia’s Monetary Policy in 2013," Published Papers 186, Gaidar Institute for Economic Policy, revised 2014.
• António Afonso & António Jorge Silva, 2014. "The Monetary Transmission Mechanism in the Euro Area: has it changed with the EMU? A VAR approach, with fiscal policy and financial stress considerations," Working Papers Department of Economics 2014/10, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
• Salvatore Nisticò, 2014. "Optimal monetary policy and financial stability in a non-Ricardian economy," Working Papers 6/14, Sapienza University of Rome, DISS.
• Giorgio Di Giorgio & Salvatore Nisticò & Guido Traficante, 2014. "Fiscal shocks and the exchange rate," Working Papers 5/14, Sapienza University of Rome, DISS.
• Pagliacci, Carolina, 2014. "Latin American Performance to External Shocks: What Has Really Been Sweat?," MPRA Paper 57816, University Library of Munich, Germany.
• William Dudley, 2014. "The economic outlook and implications for monetary policy," Speech 136, Federal Reserve Bank of New York.
• Amado, María, 2014. "Macroprudential Rules in Small Open Economies," Working Papers 2014-009, Banco Central de Reserva del Perú.
• Francesco Furlanetto & Paolo Gelain & Marzie Taheri Sanjani, 2014. "Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs," IMF Working Papers 14/128, International Monetary Fund.
• Yi Wen, 2014. "QE: when and how should the Fed exit?," Working Papers 2014-16, Federal Reserve Bank of St. Louis.
• Simon Gilchrist & J. David López-Salido & Egon Zakrajšek, 2014. "Monetary Policy and Real Borrowing Costs at the Zero Lower Bound," Finance and Economics Discussion Series 2014-39, Board of Governors of the Federal Reserve System (U.S.).
• Ansgar Belke, 2014. "Monetary Dialogue 2009-2014: Looking backward, looking forward," ROME Working Papers 201402, ROME Network.
• Koray Alper & Mahir Binici & Selva Demiralp & Hakan Kara & Pinar Ozlu, 2014. "Reserve Requirements, Liquidity Risk, and Credit Growth," Koç University-TUSIAD Economic Research Forum Working Papers 1416, Koc University-TUSIAD Economic Research Forum.
• Ansgar Belke & Daniel Gros & Alcidi Cinzia & Leonor Coutinho & Alessandro Giovannini, 2014. "Exit State-of-play in Implementing Macroeconomic Adjustment Programmes in the Euro Area," ROME Working Papers 201405, ROME Network.
• International Monetary Fund, 2014. "Iceland; Fourth Post-Program Monitoring Discussions," IMF Staff Country Reports 14/194, International Monetary Fund.
• Fernando Alvarez & Hervé Le Bihan & Francesco Lippi, 2014. "Small and Large Price Changes and the Propagation of Monetary Shocks," NBER Working Papers 20155, National Bureau of Economic Research, Inc.
• Stephen Hansen & Michael McMahon & Andrea Prat, 2014. "Transparency and Deliberation within the FOMC: a Computational Linguistics Approach," Discussion Papers 1411, Centre for Macroeconomics (CFM).
• Kouvavas, Omiros, 2013. "Political Budget Cycles Revisited, the Case for Social Capital," MPRA Paper 57504, University Library of Munich, Germany, revised 15 Sep 2013.
• Efrem Castelnuovo & Luca Fanelli, 2014. "Monetary Policy Indeterminacy and Identification Failures in the U.S.: Results from a Robust Test," Melbourne Institute Working Paper Series wp2014n18, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
• Stelios Bekiros & Duc Khuong Nguyen & Gazi Salah Uddin & Bo Sjö, 2014. "Business Cycle (De)Synchronization in the Aftermath of the Global Financial Crisis: Implications for the Euro Area," Working Papers 2014-437, Department of Research, Ipag Business School.
• International Monetary Fund, 2014. "Colombia; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/141, International Monetary Fund.
• International Monetary Fund, 2014. "Uruguay; Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 14/6, International Monetary Fund.
• John Bagnall & David Bounie & Kim Huynh & Anneke Kosse & Tobias Schmidt & Scott Schuh & Helmut Stix, 2014. "Consumer cash usage: A cross-country comparison with payment diary survey data," DNB Working Papers 422, Netherlands Central Bank, Research Department.
• Janet L. Yellen, 2014. "Monetary Policy and Financial Stability : a speech at the 2014 Michel Camdessus Central Banking Lecture, International Monetary Fund, Washington, D.C., July 2, 2014," Speech 812, Board of Governors of the Federal Reserve System (U.S.).
• Dennis Novy & Alan M. Taylor, 2014. "Trade and Uncertainty," CEP Discussion Papers dp1266, Centre for Economic Performance, LSE.
• M. Hashem Pesaran & Ron P Smith, 2014. "Tests of Policy Ineffectiveness in Macroeconometrics," Birkbeck Working Papers in Economics and Finance 1405, Birkbeck, Department of Economics, Mathematics & Statistics.
• International Monetary Fund, 2014. "Russian Federation; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/175, International Monetary Fund.
• Ehsan U. Choudhri & Dalia S. Hakura, 2014. "The Exchange Rate Pass-Through to Import and Export Prices: The Role of Nominal Rigidities and Currency Choice," Carleton Economic Papers 14-09, Carleton University, Department of Economics.
• Ronald McKINNON, 2014. "Hot Money Flows, Cycles in Primary Commodity Prices, and Financial Control in Developing Countries," Working Papers P109, FERDI.
• International Monetary Fund, 2014. "Republic of Latvia; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/115, International Monetary Fund.
• Karolin Kirschenmann & Tuomas Malinen & Henri Nyberg, 2014. "The risk of financial crises: Is it in real or financial factors?," Working Papers 336, ECINEQ, Society for the Study of Economic Inequality.
• Alejandro Badel & Mark Huggett, 2014. "Taxing top earners: a human capital perspective," Working Papers 2014-17, Federal Reserve Bank of St. Louis.
• International Monetary Fund, 2014. "Hungary; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/155, International Monetary Fund.
• International Monetary Fund, 2014. "Euro Area Policies; Staff Report for the 2014 Article IV Consultation With Member Countries," IMF Staff Country Reports 14/198, International Monetary Fund.
• Cortés Espada Josué Fernando, 2013. "An estimation of the exchange rate pass-through to prices in Mexico," Working Papers 2013-02, Banco de México.
• William Dudley, 2014. "What kind of jobs have been created during the recovery?," Speech 137, Federal Reserve Bank of New York.
• Sergey Belev, 2014. "Analysis of the main tax receipts to the budgetary system of the Russian Federation," Published Papers 190, Gaidar Institute for Economic Policy, revised 2014.
• International Monetary Fund, 2014. "Ukraine; Staff Report for the 2013 Article IV Consultation and First Post-Program Monitoring," IMF Staff Country Reports 14/145, International Monetary Fund.
• Rangan Gupta & Shawkat Hammoudeh & Mampho P. Modise & Duc Khuong Nguyen, 2014. "Can Economic Uncertainty, Financial Stress and Consumer Senti-ments Predict U.S. Equity Premium?," Working Papers 2014-436, Department of Research, Ipag Business School.
• Leroi Raputsoane, 2014. "Disaggregated Credit Extension and Financial Distress in South Africa," Working Papers 435, Economic Research Southern Africa.
• Elva Bova & Nathalie Carcenac & Martine Guerguil, 2014. "Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World," IMF Working Papers 14/122, International Monetary Fund.
• Calista Cheung, 2014. "Deconstructing Canada's Housing Markets: Finance, Affordability and Urban Sprawl," OECD Economics Department Working Papers 1145, OECD Publishing.
• Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," IZA Discussion Papers 8335, Institute of Labor Economics (IZA).
• Kenneth D. Garbade, 2014. "Direct purchases of U.S. Treasury securities by Federal Reserve banks," Staff Reports 684, Federal Reserve Bank of New York.
• International Monetary Fund, 2014. "Republic of Croatia; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/124, International Monetary Fund.
• Takashi Kamihigashi, 2014. "Multiple Interior Steady States in the Ramsey Model with Elastic Labor Supply," Discussion Paper Series DP2014-31, Research Institute for Economics & Business Administration, Kobe University.
• Gollier, Christian, 2014. "Gamma discounters are short-termist," TSE Working Papers 14-499, Toulouse School of Economics (TSE), revised Oct 2014.
• Pietro Tebaldi & Matthew Jackson, 2014. "A Forest Fire Theory of Recessions and Unemployment," 2014 Meeting Papers 120, Society for Economic Dynamics.
• International Monetary Fund, 2014. "Israel; Staff Report for 2013 Article IV Consultation," IMF Staff Country Reports 14/47, International Monetary Fund.
• Kamila Sommer, 2014. "Fertility Choice in a Life Cycle Model with Idiosyncratic Uninsurable Earnings Risk," Finance and Economics Discussion Series 2014-32, Board of Governors of the Federal Reserve System (U.S.).
• Ezzahidi, Elhadj & El Alaoui, Aicha, 2014. "Economic Growth and Jobs Creation in Morocco: Overall and Sectors’ Analysis," MPRA Paper 57841, University Library of Munich, Germany, revised 22 Apr 2014.
• Mike Burkart & Amil Dasgupta, 2014. "Activist Funds, Leverage, and Procyclicality," FMG Discussion Papers dp733, Financial Markets Group.
• Gerencia Técnica, 2014. "Optimum and Adequate Level of International Reserves," Borradores de Economia 727i, Banco de la Republica de Colombia.
• Ekaterina Ilyukhina, 2014. "Foreign Investments in Russia in 2013," Published Papers 182, Gaidar Institute for Economic Policy, revised 2014.
• Pierre Mandon, 2014. "Evaluating Treatment Effect and Causal Effect of Fiscal Rules on Procyclicality New assessments on old debate: rules vs. discretion," Working Papers halshs-01015756, HAL.
• Greg Kaplan, 2014. "Business Cycles and Household Formation," 2014 Meeting Papers 82, Society for Economic Dynamics.
• International Monetary Fund, 2014. "Republic of Korea; Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 14/101, International Monetary Fund.
• Ryan S. Mattson & Philippe de Peretti, 2014. "Investigating the Role of Real Divisia Money in Persistence-Robust Econometric Models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00984827, HAL.
• Adalbert Winkler, 2014. "The ECB as Lender of Last Resort:Banks versus Governments," FMG Special Papers sp228, Financial Markets Group.
• International Monetary Fund, 2014. "Germany; Selected Issues," IMF Staff Country Reports 14/217, International Monetary Fund.
• International Monetary Fund, 2014. "Canada; 2013 Article IV Consultation," IMF Staff Country Reports 14/27, International Monetary Fund.
• International Monetary Fund, 2014. "The Bahamas; Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 14/75, International Monetary Fund.
• Olga Izryadnova, 2014. "Russia’s Domestic Investments in Fixed Assets in 2013," Published Papers 181, Gaidar Institute for Economic Policy, revised 2014.
• Alexander Abramov, 2014. "Russia’s Financial Markets and Financial Institutions in 2013," Published Papers 179, Gaidar Institute for Economic Policy, revised 2014.
• Kinda Hachem, 2014. "Inefficiently Low Screening with Walrasian Markets," NBER Working Papers 20365, National Bureau of Economic Research, Inc.
• David Andolfatto & Ed Nosal & Bruno Sultanum, 2014. "Preventing bank runs," Working Papers 2014-21, Federal Reserve Bank of St. Louis.
• Warwick J McKibbin & Adele C. Morris & Peter J. Wilcoxen, 2014. "The Economic Consequences of Delay in U.S.Climate Policy," CAMA Working Papers 2014-49, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• International Monetary Fund, 2014. "Euro Area Policies; Selected Issues," IMF Staff Country Reports 14/199, International Monetary Fund.
• Benjamin Moll, 2014. "Wealth Distribution and the Business Cycle," 2014 Meeting Papers 93, Society for Economic Dynamics.
• International Monetary Fund, 2014. "Mongolia; 2013 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for Mongolia," IMF Staff Country Reports 14/64, International Monetary Fund.
• Christian Pierdzioch & Stefan Reitz & Jan-Christoph Ruelke, 2014. "Heterogeneous Forecasters and Nonlinear Expectation Formation in the U.S. Stock Market," Kiel Working Papers 1947, Kiel Institute for the World Economy.
• Jean Fouré & Agnès Bénassy-Quéré & Lionel Fontagné, 2012. "The Great Shift : Macroeconomic projections For the World Economy at the 2050 Horizon," PSE - G-MOND WORKING PAPERS hal-00962464, HAL.
• International Monetary Fund, 2014. "Belgium; Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 14/76, International Monetary Fund.
• Ojo, Marianne, 2014. "A justification for the role of audits?: adoption of International Financial Reporting Standards (IFRS) and jurisdictional analyses (Brazil, China,Japan and South Africa)," MPRA Paper 57826, University Library of Munich, Germany.