Report NEP-MAC-2014-11-07

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:

• Lorenzo Menna & Patrizio Tirelli, 2014, "Limited Asset Market Participation and the Optimal Fiscal and Monetary Policies," Working Papers, University of Milano-Bicocca, Department of Economics, number 284, Oct, revised Oct 2014.
• Klodiana Istrefi & A. Piloiu, 2014, "Economic Policy Uncertainty and Inflation Expectations," Working papers, Banque de France, number 511.
• Yuting Bai & Tatiana Kirsanova, 2014, "Infrequent fiscal stabilization," Working Papers, Lancaster University Management School, Economics Department, number 66983445.
• Maria Ferrara & Patrizio Tirelli, 2014, "Fiscal Consolidations: Can We Reap the Gain and Escape the Pain?," Working Papers, University of Milano-Bicocca, Department of Economics, number 283, Oct, revised Oct 2014.
• Caroline Jardet & A. Monks, 2014, "Euro Area monetary policy shocks: impact on financial asset prices during the crisis?," Working papers, Banque de France, number 512.
• Diana A. Cooke & William T. Gavin, 2014, "Three Scenarios for Interest Rates in the Transition to Normalcy," Working Papers, Federal Reserve Bank of St. Louis, number 2014-27, Oct, DOI: 10.20955/wp.2014.027.
• Marianna Riggi & Fabrizio Venditti, 2014, "Surprise! Euro area inflation has fallen," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 237, Sep.
• S. BoraÄŸan Aruoba & Pablo Cuba-Borda & Frank Schorfheide, 2012, "Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 14-035, Sep, revised 19 Jun 2014.
• Item repec:hum:wpaper:sfb649dp2014-060 is not listed on IDEAS anymore

• Alok Johri & Christopher M. Gunn, 2014, "Financial News, Banks and Business Cycles," Department of Economics Working Papers, McMaster University, number 2014-12, Oct.
• Pawel Gajewski, 2014, "Monetary policy stress in EMU during the moderation and the global crisis," Lodz Economics Working Papers, University of Lodz, Faculty of Economics and Sociology, number 2/2014, Aug.
• Stephen D. Williamson, 2014, "Low Real Interest Rates, Collateral Misrepresentation, and Monetary Policy," Working Papers, Federal Reserve Bank of St. Louis, number 2014-26, Oct, DOI: 10.20955/wp.2014.026.
• Tino Berger & Bernd Kempa, 2014, "Time-varying equilibrium rates in small open economies: Evidence for Canada," CQE Working Papers, Center for Quantitative Economics (CQE), University of Muenster, number 3414, Oct.
• Fabio Milani, 2014, "Sentiment and the US Business Cycle," Working Papers, University of California-Irvine, Department of Economics, number 141504, Sep.
• Simon Gilchrist & Jae W. Sim & Egon Zakrajšek, 2014, "Uncertainty, Financial Frictions, and Investment Dynamics," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2014-69, Apr.
• Item repec:kie:kieliw:1963 is not listed on IDEAS anymore

• Ali Ozdagli, 2014, "Financial frictions and the reaction of stock prices to monetary policy shocks," Working Papers, Federal Reserve Bank of Boston, number 14-6, Jul.
• Item repec:msl:workng:1002 is not listed on IDEAS anymore

• Fan, Jingwen & Minford, Patrick & Ou, Zhirong, 2014, "The role of Fiscal policy in Britain s Great Inflation," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2014/20, Oct.
• Tanweer Akram & Anupam Das, 2014, "The Determinants of Long-Term Japanese Government Bonds' Low Nominal Yields," Economics Working Paper Archive, Levy Economics Institute, number wp_818, Oct.
• Eckhard Hein & Daniel Detzer, 2014, "Coping with imbalances in the Euro area: Policy alternatives addressing divergences and disparities between member countries," Working papers, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project, number wpaper63, Sep.
• Christian Lambert Nguena & Roger Tsafack Nanfosso, 2013, "On the Sensitivity of Banking Activity Shocks: Evidence from the CEMAC Sub-region," AAYE Policy Research Working Paper Series, Association of African Young Economists, number 13_007, Jun, revised Nov 2013.
• Item repec:rwi:repape:0505 is not listed on IDEAS anymore

• Marco Del Negro & Raiden B. Hasegawa & Frank Schorfheide, 2014, "Dynamic prediction pools: an investigation of financial frictions and forecasting performance," Staff Reports, Federal Reserve Bank of New York, number 695, Oct.
• Item repec:hum:wpaper:sfb649dp2014-061 is not listed on IDEAS anymore

• Nidhaleddine Ben Cheikh & Christophe Rault, 2014, "The Role of the Business Cycle in Exchange Rate Pass-Through: The Case of Finland," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp1078, Jun.
• Massimiliano Caporin & Rangan Gupta, 2014, "Time-Varying Persistence in US Inflation," Working Papers, University of Pretoria, Department of Economics, number 201457, Oct.
• World Bank, 2014, "Russia Economic Report, No. 32, September 2014 : Policy Uncertainty Clouds Medium-Term Prospects," World Bank Publications - Reports, The World Bank Group, number 20439, Sep.
• Antonella Cavallo & Antonio Ribba, 2013, "Euro area Inflation as a Predictor of National Inflation Rates," Department of Economics (DEMB), University of Modena and Reggio Emilia, Department of Economics "Marco Biagi", number 0022, Oct.
• Drago Bergholt, 2014, "Monetary Policy in Oil Exporting Economies," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 5/2014, Jul.
• Alessandro Vercelli, 2014, "Implications of different understandings of financial crises for divergent conclusions on the connections between finance and sustainability," Working papers, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project, number wpaper46, Jul.
• Daniel Stavarek & Cynthia Miglietti, 2014, "Effective Exchange Rates in Central and Eastern European Countries: Cyclicality and Relationship with Macroeconomic Fundamentals," MENDELU Working Papers in Business and Economics, Mendel University in Brno, Faculty of Business and Economics, number 2014-49, Oct.
• Christian Lambert Nguena, 2013, "Heterogeneity of Saving-Investment Causality and Fiscal Coordination Implication: The Case of an African Monetary Union," AAYE Policy Research Working Paper Series, Association of African Young Economists, number 13_009, Aug, revised Nov 2013.
• António Afonso & José Alves, 2014, "The Role of Government Debt in Economic Growth," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2014/16, Sep.
• Carlos Rodriguez & Carlos A. Carrasco, 2014, "ECB Policy Responses between 2007 and 2014: a chronological analysis and a money quantity assessment of their effects," Working papers, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project, number wpaper65, Sep.
• Juan Equiza Goni, 2014, "Sovereign Debt Maturity and Debt-to GDP Dynamics in Six Euro Area Countries," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number ECARES 2014-44, Oct.
• Romain Bouis & Kei-Ichiro Inaba & Łukasz Rawdanowicz & Ane Kathrine Christensen, 2014, "Factors behind the Decline in Real Long-Term Government Bond Yields," OECD Economics Department Working Papers, OECD Publishing, number 1167, Oct, DOI: 10.1787/5jxvgg7q1322-en.
• Scott L. Fulford, 2010, "How important is variability in consumer credit limits?," Working Papers, Federal Reserve Bank of Boston, number 14-8, Jun.
• Matthew Plosser, 2014, "Bank heterogeneity and capital allocation: evidence from \\"fracking\\" shocks," Staff Reports, Federal Reserve Bank of New York, number 693, Oct.
• Hiroshi Nishi, 2014, "Income Distribution and Economic Growth in a Multi-Sectoral Kaleckian Model," Discussion papers, Graduate School of Economics Project Center, Kyoto University, number e-14-011, Oct.
• Item repec:spo:wpmain:info:hdl:2441/3odkm6d3q58fepe1bcv0u5jjpn is not listed on IDEAS anymore

• Philipp Wegmueller, 2014, "Utility functions, fiscal shocks and the open economy - In the search of a positive consumption multiplier," Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft, number dp1407, Oct.
• Nidhaleddine Ben Cheikh & Christophe Rault, 2014, "Recent Estimates of Exchange Rate Pass-Through to Import Prices in the Euro Area," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp1080, Aug.
• World Bank Group, 2014, "Clear Skies : Cambodia Economic Update, October 2014," World Bank Publications - Reports, The World Bank Group, number 20438, Oct.
• Tsz-Kin Chung & Cho-Hoi Hui & Ka-Fai Li, 2014, "Assessing the Effectiveness of Date-Based Forward Guidance at the Zero Lower Bound with a Non-Gaussian Affine Term-Structure Model," Working Papers, Hong Kong Institute for Monetary Research, number 192014, Aug.
• Stephanie Lo & J. Christina Wang, 2014, "Bitcoin as money?," Current Policy Perspectives, Federal Reserve Bank of Boston, number 14-4, Sep.
• Peussa, Aleksandr, 2014, "Forecast Models for Private Consumption," ETLA Reports, The Research Institute of the Finnish Economy, number 34, Oct.
• Item repec:spo:wpmain:info:hdl:2441/78jqkj5bb48tgb9ah9a0kqhplu is not listed on IDEAS anymore

• Drago Bergholt & Tommy Sveen, 2014, "Sectoral Interdependence and Business Cycle Synchronization in Small Open Economies," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 2/2014.
• Item repec:van:wpaper:vuecon-sub-14-00004 is not listed on IDEAS anymore

• Guerrero Santiago & Martínez-Ovando Juan Carlos, 2014, "Generalized Diffusion Indexes of Mexican State and Sectorial Economic Activity," Working Papers, Banco de México, number 2014-16, Aug.
• Michael Ellington & Costas Milas, 2014, "Global liquidity, money growth and UK inflation," Working Paper series, Rimini Centre for Economic Analysis, number 21_14, Oct.
• Christian Lambert Nguena & Roger Tsafack Nanfosso, 2013, "Financial Deepening Dynamics and Implication for Financial Policy Coordination in a Monetary Union: the case of WAEMU," AAYE Policy Research Working Paper Series, Association of African Young Economists, number 13_005, Jul, revised Nov 2013.
• Adnen Ben Nasr & Mehmet Balcilar & Ahdi N. Ajmi & Goodness C. Aye & Rangan Gupta & Reneé van Eyden, 2014, "Causality between Inflation and Inflation Uncertainty in South Africa: Evidence from a Markov-Switching Vector Autoregressive Model," Working Papers, University of Pretoria, Department of Economics, number 201453, Oct.
• Item repec:hum:wpaper:sfb649dp2014-054 is not listed on IDEAS anymore

• Vasilios Plakandaras & Periklis Gogas & Rangan Gupta & Theophilos Papadimitriou, 2014, "US Inflation Dynamics on Long Range Data," Working Papers, University of Pretoria, Department of Economics, number 201452, Oct.
• Mark Huggett & Alejandro Badel, 2014, "Taxing Top Earners: A Human Capital Perspective," Working Papers, Georgetown University, Department of Economics, number gueconwpa~14-14-02, Jul.
• Daniel Detzer & Eckhard Hein, 2014, "Finance-dominated capitalism in Germany – deep recession and quick recovery," Working papers, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project, number wpaper54, Aug.
• Janet L. Yellen, 2014, "Labor Market Dynamics and Monetary Policy : a speech at the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming, August 22, 2014," Speech, Board of Governors of the Federal Reserve System (U.S.), number 815, Aug.
• Matthew Rognlie & Andrei Shleifer & Alp Simsek, 2014, "Investment Hangover and the Great Recession," Working Paper, Harvard University OpenScholar, number 203866, Sep.
• Albrizio, Silvia & Lamp, Stefan, 2014, "The investment effect of fiscal consolidation," Economics Working Papers, European University Institute, number ECO2014/10.
• Nicholas Kilimani, 2014, "Water Taxation and the Double Dividend Hypothesis," Working Papers, University of Pretoria, Department of Economics, number 201451, Oct.
• Paul Luk & David Vines, 2014, "Debt Deleveraging and the Zero Bound: Potentially Perverse Effects of Real Exchange Rate Movements," Working Papers, Hong Kong Institute for Monetary Research, number 202014, Aug.
• Ben R. Craig & Valeriya Dinger, 2014, "Volatile Lending and Bank Wholesale Funding," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1417, Oct, DOI: 10.26509/frbc-wp-201417.
• Item repec:hum:wpaper:sfb649dp2014-062 is not listed on IDEAS anymore

• Lina Gálvez-Muñoz 1 & Paula Rodríguez-Modroño & Tindara Addabbo, 2013, "The impact of European Union austerity policy on women's work in Southern Europe," Department of Economics (DEMB), University of Modena and Reggio Emilia, Department of Economics "Marco Biagi", number 0018, Oct.
• John C. Williams, 2014, "Navigating toward normal: the road back to the future for monetary policy," Speech, Federal Reserve Bank of San Francisco, number 133, Oct.
• Fabian Kindermann & Dirk Krueger, 2014, "High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 14-036, Oct.
• Nicolas Barbaroux, 2014, "The Bank of France and the Open-Market instrument: an impossible wedding?," Working Papers, HAL, number halshs-01069286.
• Christine Lewis & Nigel Pain & Jan Stráský & Fusako Menkyna, 2014, "Investment Gaps after the Crisis," OECD Economics Department Working Papers, OECD Publishing, number 1168, Oct, DOI: 10.1787/5jxvgg76vqg1-en.
• World Bank Group, 2014, "Leveraging Spatial Development Options for Uttar Pradesh," World Bank Publications - Reports, The World Bank Group, number 20408, Jun.
• Jesús Fernández-Villaverde & Pablo Guerrón-Quintana & Juan F. Rubio-Ramírez, 2014, "Estimating Dynamic Equilibrium Models with Stochastic Volatility," Working Papers, FEDEA, number 2014-11, Oct.
• Nikolay, Iskrev, 2014, "Choosing the variables to estimate singular DSGE models: Comment," Dynare Working Papers, CEPREMAP, number 41, Oct.
• Simon M. Potter, 2014, "Implementation of open market operations in a time of transition," Speech, Federal Reserve Bank of New York, number 142, Oct.
• Jo Michell, 2014, "Factors generating and transmitting the financial crisis; Functional distribution of income," Working papers, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project, number wpaper41, Jun.
• Eric Wong & Andrew Tsang & Steven Kong, 2014, "Implications of Liquidity Management of Global Banks for Host Countries - Evidence from Foreign Bank Branches in Hong Kong," Working Papers, Hong Kong Institute for Monetary Research, number 212014, Aug.
• Abe, Naohito & Moriguchi, Chiaki & Inakura, Noriko, 2014, "The Effects of Natural Disasters on Prices and Purchasing Behaviors: The Case of the Great East Japan Earthquake," RCESR Discussion Paper Series, Research Center for Economic and Social Risks, Institute of Economic Research, Hitotsubashi University, number DP14-1, Sep.
• Item repec:wbk:wboper:20440 is not listed on IDEAS anymore

• Dimitrios Papastamos & George Matysiak & Simon Stevenson, 2014, "A Comparative Analysis of the Accuracy and Uncertainty in Real Estate and Macroeconomic Forecasts," Real Estate & Planning Working Papers, Henley Business School, University of Reading, number rep-wp2014-06, May.
• N R Bhanumurthy, 2014, "Recent Downturn in Emerging Economies and Macroeconomic Implications for Sustainable Development: A case of India," Working Papers, United Nations, Department of Economics and Social Affairs, number 137, Oct.
• Platon Monokroussos, 2014, "The Challenge of Restoring Debt Sustainability in a Deep Economic Recession: The case of Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe, Hellenic Observatory, LSE, number 87, Oct.
• Robert Whyte & Carlos Griffin, 2014, "Promoting Foreign Investment in Fragile and Conflict-Affected Situations," World Bank Publications - Reports, The World Bank Group, number 20432, Apr.
• Hilde C. Bjørnland & Leif Anders Thorsrud, 2014, "Boom or gloom? Examining the Dutch disease in two-speed economies," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 6/2014, Sep.
• Joachim Wagner, 2014, "A note on the granular nature of imports in German manufacturing industries," Working Paper Series in Economics, University of Lüneburg, Institute of Economics, number 312, Oct.
• Ben R. Craig & Falko Fecht & Gunseli Tumer-Alkan, 2014, "The Role of Interbank Relationships and Liquidity Needs," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1421, Oct, DOI: 10.26509/frbc-wp-201421.
• Ton van den Bremer & Frederick van der Ploeg & Samuel Wills, 2014, "The Elephant in the Ground: Managing Oil and Sovereign Wealth," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2014-62, Oct.
• William Dudley, 2014, "The national and regional economy," Speech, Federal Reserve Bank of New York, number 144, Oct.
• Michal Jurek & Pawel Marszalek, 2014, "Subprime mortgages and the MBSs in generating and transmitting the global financial crisis," Working papers, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project, number wpaper40, Jun.
• Gorry Devon & Aspen Gorry & Nicholas Trachter, 2014, "Learning and Life Cycle Patterns of Occupational Transitions," Working Paper, Federal Reserve Bank of Richmond, number 14-15, Oct.
• Simon M. Potter, 2014, "Interest rate control during normalization," Speech, Federal Reserve Bank of New York, number 145, Oct.
• Susana Santos, 2014, "Studying the informal aspects of the activity of countries with Social Accounting and Socio- Demographic Matrices," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2014/17, Sep.
• Fatih Guvenen & Greg Kaplan & Jae Song, 2014, "The Glass Ceiling and the Paper Floor: Gender Differences among Top Earners, 1981–2012," Working Papers, Federal Reserve Bank of Minneapolis, number 716, Oct.
• Kentaro Imai, 2013, "A Panel Study of Zombie SMEs in Japan: Identification, Borrowing and Investment Behavior," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 13-16-Rev., Jul, revised Sep 2014.
• Eva Schlenker & Kai D. Schmid, 2014, "Capital Income Shares and Income Inequality in 16 EU Member Countries," IAW Discussion Papers, Institut für Angewandte Wirtschaftsforschung (IAW), number 109, Oct.
• Pablo Hernández de Cos & David López Rodríguez, 2014, "Estructura impositiva y capacidad recaudatoria en España: Un análisis comparado con la UE," Occasional Papers, Banco de España, number 1406, Oct.
• Carlos Garriga & Yang Tang & Ping Wang, 2014, "Rural-Urban Migration, Structural Transformation, and Housing Markets in China," Working Papers, Federal Reserve Bank of St. Louis, number 2014-28, Oct, DOI: 10.20955/wp.2014.028.
• Tommaso Luzzati & Bruno Cheli & S. Arcuri, 2014, "Measuring the sustainability performances of the Italian regions," Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy, number 2014/187, Sep.
• Tomas Adam & Sona Benecka & Jakub Mateju, 2014, "Risk Aversion, Financial Stress and Their Non-Linear Impact on Exchange Rates," Working Papers, Czech National Bank, Research and Statistics Department, number 2014/07, Sep.
• Stanley Fischer, 2014, "The Federal Reserve and the Global Economy : a speech at the Per Jacobsson Foundation Lecture, 2014 Annual Meetings of the International Monetary Fund and the World Bank Group, Washington, D.C., October 11, 2014," Speech, Board of Governors of the Federal Reserve System (U.S.), number 820, Oct.
• Item repec:spo:wpmain:info:hdl:2441/7jqmr7v9df9039qdjrb3sl1kgq is not listed on IDEAS anymore

• Urvashi Narain & Michael Toman & Zhiyun Jiang, 2014, "Note on Green Growth for Bhutan," World Bank Publications - Reports, The World Bank Group, number 20402, Jul.
• Sylvia Kaufmann, 2014, "K-state switching models with time-varying transition distributions – Does credit growth signal stronger effects of variables on inflation?," Working Papers, Swiss National Bank, Study Center Gerzensee, number 14.04, Feb.
• Capuano, Stella & Hauptmann, Andreas & Schmerer, Hans-Jörg, 2014, "Trade and unions: Can exporters benefit from collective bargaining?," IAB-Discussion Paper, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], number 201424.
• Akshay Shanker & Sacha Vidler, 2014, "Offsets to Compulsory Superannuation: Do People Consciously Choose Their Level of Retirement Saving?," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2014-65, Oct.
• G. Gozzi, 2014, "Risparmio dei lavoratori e contrattazione in un modello di capitalismo come gioco differenziale," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp971, Oct.
• L. Lambertini & L. Marattin, 2014, "To Adjust or not to Adjust after a Cost-Push Shock? A Simple Duopoly Model with (and without) Resilience," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp970, Oct.

Report NEP-MAC-2014-11-07

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: