Report NEP-MAC-2014-09-05

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:

• Yasuo Hirose, 2014. "An Estimated DSGE Model with a Deflation Steady State," UTokyo Price Project Working Paper Series 025, University of Tokyo, Graduate School of Economics.
• Mati Dubrovinsky, 2014. "Money Still Matters: How the Bank of Canada Might Better Monitor Inflation," e-briefs 180, C.D. Howe Institute.
• Dudley Cooke, 2014. "Pricing-to-market and optimal interest rate policy," Globalization Institute Working Papers 187, Federal Reserve Bank of Dallas.
• COMBEY, Adama & NUBUKPO, Kako, 2013. "Coordination des Politiques Economiques au Sein de la Zone UEMOA : Bilan et Perspectives [Economic Policy Coordination in the WAEMU: Results and Prospects]," MPRA Paper 58118, University Library of Munich, Germany, revised Aug 2014.
• Markku Lanne & Jani Luoto & Henri Nyberg, 2014. "Is the Quantity Theory of Money Useful in Forecasting U.S. Inflation?," CREATES Research Papers 2014-26, Department of Economics and Business Economics, Aarhus University.
• Christoffer Koch, 2014. "Deposit interest rate ceilings as credit supply shifters: bank level evidence on the effects of Regulation Q," Working Papers 1406, Federal Reserve Bank of Dallas.
• Maria Teresa Punzi & Caterina Mendicino, 2014. "House Prices, Capital Inflows and Macroprudential Policy," Department of Economics Working Papers wuwp180, Vienna University of Economics and Business, Department of Economics.
• Giraitis, Liudas & Kapetanios, George & Theodoridis, Konstantinos & Yates, Tony, 2014. "Estimating time-varying DSGE models using minimum distance methods," Bank of England working papers 507, Bank of England.
• Akande, Emmanuel, 2013. "Investment Shocks: Sources of Fluctuations in Small Open Economy," MPRA Paper 52159, University Library of Munich, Germany.
• Fajar Oktiyanto & Harmanta & Nur M. Adhi Purwanto & Aditya Rachmanto, 2014. "Monetary Macroprudential Policy Mix under Financial Frictions Mechanism with DSGE Model," EcoMod2014 6840, EcoMod.
• Antonio Ribba & Antonella Cavallo, 2014. "Common Macroeconomic Shocks and Business Cycle Fluctuations in Euro Area Countries," EcoMod2014 6739, EcoMod.
• Samuel Hurtado & Pablo Manzano & Eva Ortega & Alberto Urtasun, 2014. "Update and re-estimation of the quarterly model of Banco de España (MTBE)," Occasional Papers 1403, Banco de España.
• Bulat Mukhamediyev & Bulat MUKHAMEDIYEV, 2013. "A Small Dynamic Stochastic General Equilibrium Model for Analysis of the Monetary Policy Influence on Inflation and Output Fluctuations in Kazakhstan," EcoMod2013 5330, EcoMod.
• Laureys, Lien, 2014. "The cost of human capital depreciation during unemployment," Bank of England working papers 505, Bank of England.
• Leyla Baştav, 2014. "Turkish Inflation Dynamics: New Keynesian Phillips Curve (2000-2013)," EcoMod2014 6955, EcoMod.
• Justine Nannyonjo & Wilson Asiimwe, 2014. "The Impact of East African Community Macroeconomic Convergence Criteria on the Ugandan economy: A Dynamic General Equilibrium Analysis," EcoMod2014 7143, EcoMod.
• World Bank, 2014. "Angola Economic Update, June 2014," World Bank Publications - Reports 19314, The World Bank Group.
• Marlene Amstad & Simon Potter & Robert Rich, 2014. "The FRBNY Staff Underlying Inflation Gauge: UIG," BIS Working Papers 453, Bank for International Settlements.
• Yuliya Rychalovska & Massimiliano Marcellino (EUI), 2013. "An estimated DSGE model of a Small Open Economy within the Monetary Union: Forecasting and Structural Analysis," EcoMod2013 5302, EcoMod.
• Iskandar Simorangkir & Harmanta & Nur M. Adhi Purwanto & Fajar Oktiyanto, 2013. "Dsge Model With Banking Sector: The Case Of Indonesia," EcoMod2013 5678, EcoMod.
• Bedri Kamil Onur Tas, 2014. "Why is Inflation Targeting Successful?: Analysis of Inflation Target Transparency," EcoMod2014 6725, EcoMod.
• Neil Mehrotra, 2014. "Fiscal Policy Stabilization: Purchases or Transfers?," Working Papers 2014-9, Brown University, Department of Economics.
• Idham Idham & Rizki E. Wimanda & Tarsidin & Tri Winarno, 2014. "ARIMBI with Extended External Sector," EcoMod2014 6902, EcoMod.
• Asian Development Bank (ADB), 2013. "How Do Global Liquidity Phases Manifest Themselves in Asia?," ADB Reports RPT136042-3, Asian Development Bank (ADB), revised 05 Nov 2013.
• Yulia Vymyatnina, 2014. "Spillover Effects in the Customs Union of Russia, Kazakhstan and Belarus," EcoMod2014 7160, EcoMod.
• Rudi Steinbach & Stan du Plessis & Ben Smit, 2014. "Monetary policy and financial shocks in an empirical small open-economy DSGE model," EcoMod2014 7194, EcoMod.
• Dey, Jaya, 2013. "The role of investment-specific technology shocks in driving international business cycles: a bayesian approach," MPRA Paper 57803, University Library of Munich, Germany, revised 06 Aug 2014.
• Aleksandra Halka & Grzegorz Szafrański, 2014. "What common factors are driving inflation in CEE countries?," EcoMod2014 6977, EcoMod.
• Sailau Baizakov, 2013. "Assessing the value of money – the base to upgrade the global monetary and finance system," EcoMod2013 5666, EcoMod.
• World Bank, 2014. "Malaysia Economic Monitor, June 2014 : Boosting Trade Competitiveness," World Bank Publications - Reports 19303, The World Bank Group.
• Leyla Baştav, 2013. "Labor Market Hysteresis and Turkish New Keynesian Phillips Curve (NKPC) (2000-2012)," EcoMod2013 6202, EcoMod.
• Ayse Kabukcuoglu, 2014. "The redistributional consequences of tax reform under financial integration," Globalization Institute Working Papers 188, Federal Reserve Bank of Dallas.
• FERNANDO MARTINS & Daniel Dias & Carlos Marques, 2013. "Wage rigidity and employment adjustment at the firm level: Evidence from survey data," EcoMod2013 4944, EcoMod.
• Robert G. Chamberlain, 2014. "Modeling Inflation Using a Non-Equilibrium Equation of Exchange," EcoMod2014 6607, EcoMod.
• Florian Huber, 2014. "Density Forecasting using Bayesian Global Vector Autoregressions with Common Stochastic Volatility," Department of Economics Working Papers wuwp179, Vienna University of Economics and Business, Department of Economics.
• Nathan S. Balke & Michael D. Plante & Mine K. Yücel, 2014. "Fuel subsidies, the oil market and the world economy," Working Papers 1407, Federal Reserve Bank of Dallas.
• Jacek Kotłowski & Aleksandra Halka, 2013. "Does domestic output gap matter for inflation in a small open economy?," EcoMod2013 5615, EcoMod.
• Wojciech Charemza & Svetlana Makarova & Imran Shah, 2013. "Frequent episoded of high inflation and real effects," EcoMod2013 5478, EcoMod.
• Enrique Martínez García & Mark A. Wynne, 2014. "Technical note on \"assessing Bayesian model comparison in small samples\"," Globalization Institute Working Papers 190, Federal Reserve Bank of Dallas.
• Aleksandra Halka & Tomasz Lyziak, 2013. "Index of perceived in ation in Poland," EcoMod2013 5595, EcoMod.
• Vicente da Gama Machado & Marcelo Savino Portugal, 2014. "Phillips curve in Brazil: an unobserved components approach," Working Papers Series 354, Central Bank of Brazil, Research Department.
• Fabia Carvalho & Fabia A. de Carvalho & Silvio Michael de Azevedo Costa & Marcos Ribeiro de Castro, 2013. "Traditional and matter-of-fact financial frictions in a DSGE model for Brazil: the role of macroprudential instruments and monetary policy," EcoMod2013 5145, EcoMod.
• Agnieszka Leszczynska & Katarzyna Hertel, 2013. "Inflation persistence – a disaggregated approach," EcoMod2013 5692, EcoMod.
• Alexi Savov & Alan Moreira, 2014. "The Macroeconomics of Shadow Banking," 2014 Meeting Papers 254, Society for Economic Dynamics.
• Michał Rubaszek & Marcin Kolasa, 2013. "Forecasting with DSGE models with financial frictions," EcoMod2013 5100, EcoMod.
• World Bank, 2014. "Indonesia - Avoiding the Trap : Development Policy Review 2014," World Bank Publications - Reports 19326, The World Bank Group.
• Maria Piotrowska, 2014. "Modeling of household economic security," EcoMod2014 7113, EcoMod.
• Moorashin Javan, 2014. "Fiscal policy and volatility of business cycle," EcoMod2014 6904, EcoMod.
• Masashige Hamano, 2014. "On business cycles of product variety and quality," EcoMod2014 6766, EcoMod.
• Vitor Carvalho & Ricardo Silva & Ana Paula Ribeiro, 2013. "How large are fiscal multipliers? An empirical assessment for the Euro Area," EcoMod2013 5276, EcoMod.
• Joyce, Michael & Spaltro, Marco, 2014. "Quantitative easing and bank lending: a panel data approach," Bank of England working papers 504, Bank of England.
• Thuy Lan Nguyen & Wataru Miyamoto, 2014. "News shocks and Business cycles: Evidence from forecast data," 2014 Meeting Papers 259, Society for Economic Dynamics.
• Paul Beaudry & Franck Portier, 2014. "News Driven Business Cycles: Insights and Challenges," 2014 Meeting Papers 289, Society for Economic Dynamics.
• Luo, Yulei, 2014. "Strategic Consumption-Portfolio Rules and Precautionary Savings with Informational Frictions," MPRA Paper 58077, University Library of Munich, Germany.
• Timo Baas, 2014. "Stability and Eurozone membership: Should a small transition country join?," EcoMod2014 6916, EcoMod.
• World Bank, 2014. "Turkey Public Finance Review : Turkey in Transition--Time for a Fiscal Policy Pivot?," World Bank Publications - Reports 19321, The World Bank Group.
• Perry Warjiyo, 2014. "Flexible ITF in Indonesia: Framework, Modeling, and Policy Making," EcoMod2014 8002, EcoMod.
• Julia Bachtrögler & Harald Badinger & Aurélien Fichet de Clairfontaine & Wolf Heinrich Reuter, 2014. "Summarizing Data using Partially Ordered Set Theory: An Application to Fiscal Frameworks in 97 Countries," Department of Economics Working Papers wuwp181, Vienna University of Economics and Business, Department of Economics.
• Yuriy Gorodnichenko & Oleksandr Talavera, 2014. "Price Setting in Online Markets: Basic Facts, International Comparisons, and Cross-border Integration," NBER Working Papers 20406, National Bureau of Economic Research, Inc.
• Irina Balteanu & Aitor Erce, 2014. "Bank crises and sovereign defaults in emerging markets: exploring the links," Globalization Institute Working Papers 184, Federal Reserve Bank of Dallas.
• Motaz Khorshid & Asaad El- Sadek, 2014. "Egypt’s Post Revolution Development Path From A Dynamic Economy Wide Model "A Three-Year Economic Recovery Plan"," EcoMod2014 7264, EcoMod.
• Leonardo Bursztyn & Davide Cantoni, 2014. "A Tear in the Iron Curtain: The Impact of Western Television on Consumption Behavior," NBER Working Papers 20403, National Bureau of Economic Research, Inc.
• Jean Louis Brillet & Gilbert Cette & Ian Gambini & Raymond Gambini, 2013. "MacSim 2 : a computer package for teaching international macroeconomics," EcoMod2013 5659, EcoMod.
• Randall Wright, 2014. "Marriage, Markets and Money: A Coasian Theory of Household Formation," 2014 Meeting Papers 237, Society for Economic Dynamics.
• Osaro Agbontaen & Okonedo Enase, 2014. "Output growth, inflation and exchange volatility: Implication for economic stability," EcoMod2014 6952, EcoMod.
• Alper Duman, 2013. "Household Debt in Turkey: The Critical Threshold for the Next Crisis," EcoMod2013 5259, EcoMod.
• Gabe de Bondt & Heinz C. Dieden & Sona Muzikarova & Istvan Vincze, 2013. "Modeling Euro Area Industrial New Orders," EcoMod2013 5663, EcoMod.
• Jellal, Mohamed, 2014. "Diaspora transferts et réduction du chômage [Diaspora remittances and reduction of unemployment]," MPRA Paper 58114, University Library of Munich, Germany.
• Fakhri Hasanov & Frederick Joutz, 2013. "A macroeconometric model for making effective policy decisions in the Republic of Azerbaijan," International Conference on Energy, Regional Integration and Socio-economic Development 6017, EcoMod.
• Bos, Frits & Teulings, Coen, 2013. "Short and long-term forecasting by the Netherlands Bureau for Economic Policy Analysis (CPB): science, witchcraft, or practical tool for policy?," MPRA Paper 57564, University Library of Munich, Germany.
• Item repec:dgr:uvatin:20140113 is not listed on IDEAS anymore

• Asian Development Bank (ADB), 2013. "Pacific Economic Monitor - December 2013," ADB Reports RPS136133-2, Asian Development Bank (ADB), revised 03 Dec 2013.
• Nicolas Moumni & Benaissa Nahhal, 2014. "Impact of liquidity level on effectiveness of the monetary policy transmission of Bank Al Maghrib," EcoMod2014 6662, EcoMod.
• World Bank, 2014. "Kyrgyz Republic Public Expenditure Review Policy Notes : Strategic Setting," World Bank Publications - Reports 19310, The World Bank Group.
• Britta Stoever & Thomas Drosdowski & Ulrike Lehr & Marc Ingo Wolter, 2014. "Socioeconomic consumption modelling in an input-output model," EcoMod2014 6721, EcoMod.
• Cristian Badarinza & John Y. Campbell & Tarun Ramadorai, 2014. "What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages," NBER Working Papers 20408, National Bureau of Economic Research, Inc.
• Tosic, Natasa & Iordan-Constantinescu, Nicolae, 2014. "Knowledge-Based Economy in the Competitiveness Equation. The Case of the Republic of Serbia," MPRA Paper 58081, University Library of Munich, Germany.
• Cobb, Marcus, 2014. "Identifying the Sources of Seasonal Effects in an indirectly adjusted Chain-Linked Aggregate: A Framework for the Annual Overlap Method," MPRA Paper 58033, University Library of Munich, Germany.
• World Bank, 2014. "Kyrgyz Republic Public Expenditure Review Policy Notes : Intergovernmental Fiscal Relations," World Bank Publications - Reports 19311, The World Bank Group.
• Hashim Al-Ali, 2013. "An Integrated Macro-Fiscal Forecasting Model and Its Applications for the Bangladesh Economy," EcoMod2013 5039, EcoMod.
• Ricardo Félix & Gabriela Castro & José Maria & Paulo Júlio, 2013. "Fiscal Multipliers in a Small Euro Area Economy: How Big Can They Get in Crisis Times?," EcoMod2013 5307, EcoMod.
• Filippo di Mauro & Filippo di Mauro, Fabio Fornari, 2014. "Going granular: The importance of firm-level equity information in anticipating economic activity," EcoMod2014 6809, EcoMod.
• World Bank Group, 2014. "Zambia Economic Brief, June 2014 : Promoting Trade and Competitiveness - What Can Zambia Do?," World Bank Publications - Reports 19300, The World Bank Group.
• Karl Farmer, 2013. "EMU Imbalances in a Two-Country Overlapping Generations Model," EcoMod2013 5484, EcoMod.
• Bouyon, Sylvain & Boeri, Filippo, 2014. "Another contraction in European household credit markets: Key findings from the ECRI Statistical Package," ECRI Papers 9574, Centre for European Policy Studies.
• Lal Almas & Nazim U. Hajiyev, 2014. "Estimating Dynamic Equilibrium Level of Economic Growth," EcoMod2014 6650, EcoMod.
• Peter Downes & Kevin Hanslow & Peter Tulip, 2014. "The Effect of the Mining Boom on the Australian Economy," RBA Research Discussion Papers rdp2014-08, Reserve Bank of Australia.
• Joao Sousa Andrade & António Portugal Duarte & Adelaide Duarte, 2013. "Testing for Nonlinear Adjustment in the Portuguese Target Zone: Is there a Honeymoon Effect?," EcoMod2013 5305, EcoMod.
• Maryia Akulava, 2014. "Macroeconomic Performance, Individual Characteristics and Preference for Democracy," BEROC Working Paper Series 25, Belarusian Economic Research and Outreach Center (BEROC).
• Jan Gadomski & Jan Gadomski, 2013. "Distributed Lags And The Models Of The Complex Systems Of Flows," EcoMod2013 5373, EcoMod.
• Duy Hung Bui, 2014. "An empirical analysis on the parallel foreign exchange market: The case of Vietnam," EcoMod2014 6719, EcoMod.
• Filippo di Mauro & Alexander Al-Haschimi & Stephane Dees & Martina Jancokova, 2014. "Linking Distress of Financial Institutions to Macrofinancial Shocks," EcoMod2014 6807, EcoMod.
• World Bank, 2014. "Seychelles Programmatic Public Expenditure Review Policy Notes : Health, Education, and Investment Management," World Bank Publications - Reports 19325, The World Bank Group.
• World Bank, 2014. "Kyrgyz Republic Public Expenditure Review Policy Notes : Public Investment Management," World Bank Publications - Reports 19305, The World Bank Group.
• Osaro Agbontaen & Milton Iyoha, 2013. "Macroeconomic stability and the impact of foreign aid on economic growth in Nigeria," EcoMod2013 5401, EcoMod.
• Ayele Gelan, 2014. "Quantifying Economy-Wide Impacts of Reducing Subsidy to the Electricity Sector in Kuwait," EcoMod2014 7106, EcoMod.
• Aviv Nevo & Arlene Wong, 2014. "The Elasticity of Substitution Between Time and Market Goods: Evidence from the Great Recession," 2014 Meeting Papers 315, Society for Economic Dynamics.
• Dusa, Silvia, 2014. "Models of Competitiveness (I)," MPRA Paper 58103, University Library of Munich, Germany.
• Asian Development Bank (ADB), 2013. "Asia Bond Monitor: November 2013 Issue," ADB Reports RPS136083-2, Asian Development Bank (ADB), revised 10 Mar 2014.
• Asian Development Bank (ADB), 2013. "Re-invigorating Private Sector Investment: A Private Sector Assessment in Fiji," ADB Reports RPS136022-2, Asian Development Bank (ADB), revised 13 Dec 2013.
• Georgios Kouretas & Chris Tsoumas & Anastasios A. Drakos, 2013. "Ownership, institutions and bank risk-taking in Central and Eastern European countries," EcoMod2013 5204, EcoMod.
• Bulat Mukhamediyev & Mukhamediyev Bulat, 2014. "The Effects of Oil Revenues on the Dynamics of Macroeconomic Indicators," EcoMod2014 6890, EcoMod.
• Kenza Benhima & Celine Poilly & Philippe Bacchetta, 2014. "Corporate Cash and Employment," 2014 Meeting Papers 256, Society for Economic Dynamics.
• Joao Granja & Gregor Matvos & Amit Seru, 2014. "Selling Failed Banks," NBER Working Papers 20410, National Bureau of Economic Research, Inc.
• Le Blanc, Julia & Porpiglia, Alessandro & Teppa, Federica & Zhu, Junyi & Ziegelmeyer, Michael, 2014. "Household saving behavior and credit constraints in the Euro area," Discussion Papers 16/2014, Deutsche Bundesbank.
• Saeed Rasekhi & Somaye Sadeghi, 2013. "Business Cycle Synchronization: A Study of ECO members," International Conference on Energy, Regional Integration and Socio-economic Development 6076, EcoMod.
• Daniel S. Hamermesh & Daiji Kawaguchi & Jungmin Lee, 2014. "Does Labor Legislation Benefit Workers? Well-Being after an Hours Reduction," NBER Working Papers 20398, National Bureau of Economic Research, Inc.
• Item repec:dgr:rugsom:14021-gem is not listed on IDEAS anymore

• Mr Insukindro & Arti Adji & Aryo Aliyudanto, 2014. "Analysis of the Unanticipated Factors in Portfolio Inflows to Indonesia: A SCVAR Approach, 2000: Q1 - 2012: Q4," EcoMod2014 7019, EcoMod.
• Judith Kabajulizi, 2013. "Macroeconomic Implications Of Health Sector Reforms In Uganda: A Computable General Equilibrium Analysis," EcoMod2013 5158, EcoMod.
• Nicola Fuchs-Schündeln & Alexander Bick, 2014. "Taxation and Labor Supply of Married Women across Countries: A Macroeconomic Analysis," 2014 Meeting Papers 321, Society for Economic Dynamics.
• Jean Louis Brillet, 2014. "The Trans Pacific Partnership for Vietnam: a good thing for Vietnam?," EcoMod2014 6983, EcoMod.
• Dirk Hoorelbeke, 2013. "Regional disparities in GDP and disposable income in Belgium," EcoMod2013 5327, EcoMod.
• Alan S Duncan & Ken Leong, 2014. "A regional framework for analysing the Western Australian economy," Bankwest Curtin Economics Centre Working Paper series WP1405, Bankwest Curtin Economics Centre (BCEC), Curtin Business School.
• Annari De Waal & Prof Reneé van Eyden, 2013. "The impact of economic shocks in the rest of the world on South Africa: Evidence from a global VAR model," EcoMod2013 5403, EcoMod.
• Berdin, Elia & Gründl, Helmut, 2015. "The effects of a low interest rate environment on life insurers," SAFE Working Paper Series 65, Leibniz Institute for Financial Research SAFE, revised 2015.
• Andrew Foerster & Juan Rubio-Ramírez & Daniel F. Waggoner & Tao Zha, 2014. "Perturbation Methods for Markov-Switching DSGE Models," NBER Working Papers 20390, National Bureau of Economic Research, Inc.
• Ansgar Belke & Anne Oeking & Ralph Setzer, 2014. "Domestic demand pressure and export dynamics – An empirical threshold model analysis for six euro area countries," EcoMod2014 6780, EcoMod.