Report NEP-MAC-2014-12-29

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.

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Other reports in NEP-MAC

The following items were announced in this report:

• Petrella, Ivan & Pfajfar, Damjan & Santoro, Emiliano & Gaffeo, Edoardo, 2014, "Loss Aversion and the Asymmetric Transmission of Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10105, Aug.
• Stefano Neri & Alessandro Notarpietro, 2014, "Inflation, debt and the zero lower bound," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 242, Oct.
• Taylor, Alan M. & Schularick, Moritz & Jordà , Ã’scar, 2014, "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10161, Sep.
• Guimaraes, Bernardo & Machado, Caio & Ribeiro, Marcel, 2014, "A model of the confidence channel of fiscal policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10087, Aug.
• Valdivia, Daney, 2014, "Posición fiscal, monetaria y control de la brecha inflacionaria y del producto: Evidencia empírica para Bolivia
  [Fiscal - monetary stance and inflation - output gap control: evidence for Bolivia]," MPRA Paper, University Library of Munich, Germany, number 60713, Aug.
• Item repec:spo:wpmain:info:hdl:2441/7d4rsl1jm8p58ajgfgslld612 is not listed on IDEAS anymore

• Roberto Pancrazi & Mario Pietrunti, 2014, "Natural Expectations and Home Equity Extraction," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 984, Oct.
• Rodolfo Cermeño & Julio Mamani-Palacios, 2013, "Regímenes Monetarios y Volatilidad del Tipo de Cambio Real: El Caso Peruano, 1995-2012," Working Papers, CIDE, División de Economía, number DTE 565, Oct.
• Galí, Jordi, 2014, "The Effects of a Money-Financed Fiscal Stimulus," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10165, Sep.
• Item repec:kie:kieliw:1978 is not listed on IDEAS anymore

• Ettore Panetti & Elena Mattana, 2014, "A Dynamic Quantitative Macroeconomic Model of Bank Runs," Working Papers, Banco de Portugal, Economics and Research Department, number w201413.
• Piergiorgio Alessandri & Haroon Mumtaz, 2014, "Financial indicators and density forecasts for US output and inflation," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 977, Oct.
• Zsolt Darvas, 2014, "Does money matter in the euro area? Evidence from a new Divisia index," CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 1433, Nov.
• Charles Olivier Mao Takongmo, 2014, "Government Spending Multipliers and the Zero Lower Bound in an Open Economy," CIRANO Working Papers, CIRANO, number 2014s-43, Nov.
• Item repec:hhs:bofrdp:2014_027 is not listed on IDEAS anymore

• Lengnick, Matthias & Wohltmann, Hans-Werner, 2014, "Optimal monetary policy in a new Keynesian model with animal spirits and financial markets," Economics Working Papers, Christian-Albrechts-University of Kiel, Department of Economics, number 2014-12.
• Bijapur, Mohan, 2014, "What Drives Business Cycle Fluctuations: Aggregate or Idiosyncratic Uncertainty Shocks?," MPRA Paper, University Library of Munich, Germany, number 60361, Nov.
• Rina Rosenblatt-Wisch & Rolf Scheufele, 2014, "Quantification and characteristics of household inflation expectations in Switzerland," Working Papers, Swiss National Bank, number 2014-11.
• Barnett, William A., 2014, "The joint services of money and credit," MPRA Paper, University Library of Munich, Germany, number 60336, Dec.
• Athanasios O. Tagkalakis, 2014, "Fiscal policy, net exports, and the sectoral composition of output in Greece," Working Papers, Bank of Greece, number 186, Sep.
• Lucas Herrenbrueck, 2014, "Quantitative Easing and the Liquidity Channel of Monetary Policy," Discussion Papers, Department of Economics, Simon Fraser University, number dp14-09, Dec, revised Apr 2016.
• Born, Benjamin & Breuer, Sebastian & Elstner, Steffen, 2014, "Uncertainty and the Great Recession," Working Papers, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, number 04/2014.
• Johannes Stroebel & Joseph Vavra, 2014, "House Prices, Local Demand, and Retail Prices," NBER Working Papers, National Bureau of Economic Research, Inc, number 20710, Nov.
• Item repec:feu:wfeppr:y:2014:m:11:d:0:i:18 is not listed on IDEAS anymore

• Mehmet Balcilar & Reneé van Eyden & Josine Uwilingiye & Rangan Gupta, 2014, "The impact of oil price on South African GDP growth: A Bayesian Markov Switching-VAR analysis," Working Papers, University of Pretoria, Department of Economics, number 201470, Nov.
• Marcelo Veracierto, 2014, "Adverse Selection, Risk Sharing and Business Cycles," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2014-10, Oct.
• Item repec:rjr:wpiecf:131001 is not listed on IDEAS anymore

• Sartaj Rasool Rather & S. Raja Sethu Durai & M. Ramachandran, 2014, "A New Approach to Construct Core Inflation," Working Papers, Madras School of Economics,Chennai,India, number 2014-091, Sep.
• Giannone, Domenico & Lenza, Michele & Altavilla, Carlo, 2014, "The Financial and Macroeconomic Effects of OMT Announcements," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10025, Jun.
• Raphael Corbi & Elias Papaioannou & Paolo Surico, 2014, "Regional Transfers," NBER Working Papers, National Bureau of Economic Research, Inc, number 20751, Dec.
• Mitsuru Katagiri & Hideki Konishi & Kozo Ueda, 2014, "Aging and Deflation from a Fiscal Perspective," KIER Working Papers, Kyoto University, Institute of Economic Research, number 905, Nov.
• Saint-Paul, Gilles, 2014, "Can active labor market policy be counter-productive?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10270, Nov.
• Marianna Kudlyak & Fabian Lange, 2014, "Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories," Working Paper, Federal Reserve Bank of Richmond, number 14-18, Dec.
• World Bank Group, 2014, "Kazakhstan Growth Slows as External Pressures Rise : Kazakhstan Economic Update, Fall 2014," World Bank Publications - Reports, The World Bank Group, number 20670, Sep.
• Lange, Fabian & Kudlyak, Marianna, 2014, "Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories," IZA Discussion Papers, Institute of Labor Economics (IZA), number 8663, Nov.
• Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2014, "Human Capital Risk, Contract Enforcement, and the Macroeconomy," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2014-9, Oct.
• Gerlach, Stefan & Lydon, Reamonn & Stuart, Rebecca, 2014, "The Phillips Curve in Ireland: 1935 - 2012," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10010, Jun.
• Kazuo Nishimura & Thomas Seegmuller & Alain Venditti, 2014, "Fiscal Policy, Debt Constraint and Expectation-Driven Volatility," AMSE Working Papers, Aix-Marseille School of Economics, France, number 1437, Jun.
• Lim, Shu Yi & Sek, Siok Kun, 2014, "Examining the volatility of exchange rate: Does monetary policy matter?," MPRA Paper, University Library of Munich, Germany, number 60526, Jul, revised Oct 2014.
• Item repec:hhs:bofrdp:2014_029 is not listed on IDEAS anymore

• Stephen S. Poloz, 2014, "Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective," Discussion Papers, Bank of Canada, number 14-6, DOI: 10.34989/sdp-2014-6.
• Wickens, Michael R., 2014, "How did we get to where we are now? Reflections on 50 years of macroeconomic and financial econometrics," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10197, Oct.
• Douanla Tayo, Lionel, 2014, "Assessing the effect of monetary policy on economic growth in franc zone," MPRA Paper, University Library of Munich, Germany, number 60201, Nov.
• Cordella,Tito & Gupta,Poonam - DECOS, 2014, "What makes a currency procyclical ? an empirical investigation," Policy Research Working Paper Series, The World Bank, number 7113, Nov.
• Gilles Mourre & Caterina Astarita & Savina Princen, 2014, "Adjusting the budget balance for the business cycle: the EU methodology," European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 536, Nov.
• Christian Pierdzioch & Monique B. Reid & Rangan Gupta, 2014, "On the Directional Accuracy of Inflation Forecasts: Evidence from South African Survey Data," Working Papers, Stellenbosch University, Department of Economics, number 24/2014.
• Francesco Bianchi & Howard Kung & Gonzalo Morales, 2014, "Growth, Slowdowns, and Recoveries," NBER Working Papers, National Bureau of Economic Research, Inc, number 20725, Dec.
• Vikram Rai & Lena Suchanek, 2014, "The Effect of the Federal Reserve’s Tapering Announcements on Emerging Markets," Staff Working Papers, Bank of Canada, number 14-50, DOI: 10.34989/swp-2014-50.
• World Bank Group, 2014, "Kyrgyz Republic : Moderating Growth and a Challenging Outlook," World Bank Publications - Reports, The World Bank Group, number 20673, Oct.
• Krueger, Dirk & Kindermann, Fabian, 2014, "High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10208, Oct.
• Christian Pierdzioch & Monique B. Reid & Rangan Gupta, 2014, "Forecasting the South African Inflation Rate: On Asymmetric Loss and Forecast Rationality," Working Papers, University of Pretoria, Department of Economics, number 201475, Nov.
• Andreas Fuster & Basit Zafar, 2014, "The sensitivity of housing demand to financing conditions: evidence from a survey," Staff Reports, Federal Reserve Bank of New York, number 702, Nov.
• Minford, Patrick & Dai, Li & Zhou, Peng, 2014, "A DSGE Model of China," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10238, Nov.
• Been-Lon Chen & Mei Hsu & Chih-Fang Lai, 2014, "Relative Effects of Labor Taxes and Unemployment Benefits on Hours Worked per Worker and Employment," IEAS Working Paper : academic research, Institute of Economics, Academia Sinica, Taipei, Taiwan, number 14-A014, Nov.
• Stefania Villa, 2014, "Financial frictions in the Euro Area and the United States: a Bayesian assessment," BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics, number 1407, Dec.
• Don H. Kim & Jonathan H. Wright, 2014, "Jumps in Bond Yields at Known Times," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2014-100, Nov.
• Bouyon, Sylvain, 2014, "A Review of Policy Options for Monitoring Household Saving," ECRI Papers, Centre for European Policy Studies, number 9754, Oct.
• Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2014, "Genuine Savings and Sustainability," Discussion Papers in Environment and Development Economics, University of St. Andrews, School of Geography and Sustainable Development, number 2014-09, Nov.
• Monica Billio & Roberto Casarin & Francesco Ravazzolo & Herman K. van Dijk, 2014, "Interactions between eurozone and US booms and busts: A Bayesian panel Markov-switching VAR model," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 8/2014, Nov.
• Valli, Mohammed & Masih, Mansur, 2014, "Is there any causality between inflation and FDI in an ‘inflation targeting’ regime? Evidence from South Africa," MPRA Paper, University Library of Munich, Germany, number 60246, Aug.
• Venetia Bell & Alice Pugh, 2014, "The Bank of England Credit Conditions Survey," Bank of England working papers, Bank of England, number 515, Nov.
• Florian Huber & Jesus Crespo-Cuaresma & Martin Feldkircher, 2014, "Forecasting with Bayesian Global Vector Autoregressions," ERSA conference papers, European Regional Science Association, number ersa14p25, Nov.
• Furuoka, Fumitaka, 2014, "Unemployment hysteresis in Central Asia," MPRA Paper, University Library of Munich, Germany, number 60323, Nov.
• World Bank Group, 2014, "Georgia : Winds of Optimism," World Bank Publications - Reports, The World Bank Group, number 20671, Sep.
• Kontonikas, Alexandros & Nolan, Charles & Zekaite, Zivile, 2014, "Monetary Policy in Times of Financial Stress," SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE), number 2014-027, Jul.
• Alfonso Arpaia & Aron Kiss & Alessandro Turrini, 2014, "Is unemployment structural or cyclical? Main features of job matching in the EU after the crisis," European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 527, Sep.
• Tatjana Dahlhaus & Garima Vasishtha, 2014, "The Impact of U.S. Monetary Policy Normalization on Capital Flows to Emerging-Market Economies," Staff Working Papers, Bank of Canada, number 14-53, DOI: 10.34989/swp-2014-53.
• Roberto Duncan, 2014, "A threshold model of the US current account," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 202, Oct, DOI: 10.24149/gwp202.
• Snir, Avichai & Levy, Daniel & Gotler, Alex & Chen, Haipeng (Allan), 2014, "Not All Price Endings Are Created Equal: Price Points and Asymmetric Price Rigidity," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 104540, Nov.
• Sergio Cesaratto, 2014, "Balance of payments or monetary sovereignty? In search of the EMU’s original sin – a reply to Lavoie," a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy), number 1406, Dec.
• Jappelli, Tullio & Georgarakos, Dimitris, 2014, "Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10196, Oct.
• Fernando Morra, 2014, "Moderando Inflaciones Moderadas," Department of Economics, Working Papers, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, number 106, Dec.
• Estrada, Fernando, 2014, "Thomas Piketty’s Capital in the 21st Century," MPRA Paper, University Library of Munich, Germany, number 60682.
• LONZO LUBU, Gastonfils, 2014, "Taille Optimale De L’Etat En Rd Congo
  [Optimal Size Of Government In The Democratic Republic Of Congo]," MPRA Paper, University Library of Munich, Germany, number 60715, Dec.
• Liu, Haiyang, 2014, "Decreasing Return of Intra-industry R&D and Economic Growth," MPRA Paper, University Library of Munich, Germany, number 60216, Jan.
• Bigoni, Maria & Camera, Gabriele & Casari, Marco, 2014, "Money is more than memory," CFS Working Paper Series, Center for Financial Studies (CFS), number 496.
• Ken Urai & Hiromi Murakami, 2014, "Replica Core Equivalence Theorem: An Extension of Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 14-35, Nov.
• Hassan, Tarek & Mertens, Thomas M., 2014, "The Social Cost of Near-Rational Investment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10007, Jun.
• Schmidt-Dengler, Philipp & Stix, Helmut & Huynh, Kim P., 2014, "The Role of Card Acceptance in the Transaction Demand for Money," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10183, Oct.
• Ehmer, Philipp, 2014, "The impact of diverging economic structure on current account imbalances in the euro area," Wittener Diskussionspapiere zu alten und neuen Fragen der Wirtschaftswissenschaft, Witten/Herdecke University, Faculty of Management and Economics, number 27/2014.
• Michael Graff & Massimo Mannino & Michael Siegenthaler, 2014, "The Swiss "Job Miracle"," KOF Working papers, KOF Swiss Economic Institute, ETH Zurich, number 14-368, Dec, DOI: 10.3929/ethz-a-010703460.
• Minford, Patrick & Zhou, Peng & Xu, Yongdeng, 2014, "How good are out of sample forecasting Tests on DSGE models?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10239, Nov.
• Bernd Bartels & Constantin Weiser, 2014, "Public Debt & Sovereign Ratings - Do Industrialized Countries Enjoy a Privilege?," Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, number 1417, Nov, revised 29 Nov 2014.
• Bellino, Enrico, 2014, "Sraffa’s price equations in light of Garegnani and Pasinetti - The ‘core’ of surplus theories and the ‘natural’ relations of an economic system," MPRA Paper, University Library of Munich, Germany, number 60730, Dec.
• Boons, M.F., 2014, "Sorting out commodity and macroeconomic risk in expected stock returns," Other publications TiSEM, Tilburg University, School of Economics and Management, number 1ebdac58-bf37-499d-8835-1.
• Reinhart, Carmen & Trebesch, Christoph, 2014, "A Distant Mirror of Debt, Default, and Relief," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10195, Oct.
• S. Mohammad R. Davoodalhosseini, 2014, "Constrained Efficiency with Search and Information Frictions," 2014 Papers, Job Market Papers, number pda658, Nov.
• Kemp-Benedict, Eric, 2014, "Shifting to a Green Economy: Lock-in, Path Dependence, and Policy Options," MPRA Paper, University Library of Munich, Germany, number 60175, Nov.
• Bart Cockx & Corinna Ghirelli, 2014, "Scars Of Recessions In A Rigid Labor Market," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 14/894, Nov.
• Merrouche, Ouarda & Karam, Philippe & Turk, Rima & Souissi, Moez, 2014, "The Transmission of Liquidity Shocks: Evidence from Credit Rating Downgrades," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10252, Nov.
• Dimitri Lorenzani & Janos Varga, 2014, "The Economic Impact of Digital Structural Reforms," European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 529, Sep.
• Matthew N. White, 2014, "Endogenous Gridpoints in Multiple Dimensions: Interpolation on Non-Linear Grids," Working Papers, University of Delaware, Department of Economics, number 14-17.
• Chan R. Mang, 2014, "Uncertain Risk and Return in Bond Markets, I," 2014 Papers, Job Market Papers, number pma1706, Dec.
• Juan R. Cuadrado-Roura & Andres Maroto-Sanchez, 2014, "Unbalanced Regional Impact of the crisis in Spain. An explorative analysis through structural changes, sectorial specialization and productivity," ERSA conference papers, European Regional Science Association, number ersa14p322, Nov.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2014, "Doom-loops: The Role of Rating Agencies in the Euro Financial Crisis," Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester, number 14/16, Dec.
• Yunus Aksoy & Henrique S. Basso, 2014, "Securitization and Asset Prices," Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics, number 1411, Nov.
• William Dudley, 2014, "Testimony on improving financial institution supervision: examining and addressing regulatory capture," Speech, Federal Reserve Bank of New York, number 152, Nov.
• Di Caro, Paolo, 2014, "Recessions, recoveries and regional resilience: Evidence on Italy," MPRA Paper, University Library of Munich, Germany, number 60297.