Report NEP-MAC-2015-06-13

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:

• Philippe Bacchetta & Elena Perazzi & Eric van Wincoop, 2015, "Self-Fulfilling Debt Crises: Can Monetary Policy Really Help?," Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie, number 15.06, Jun.
• Greg Hannsgen & Tai Young-Taft, 2015, "Inside Money in a Kaldor-Kalecki-Steindl Fiscal Policy Model: The Unit of Account, Inflation, Leverage, and Financial Fragility," Economics Working Paper Archive, Levy Economics Institute, number wp_839, Jun.
• Klein, Mathias & Krause, Christopher, 2014, "Income Redistribution, Consumer Credit,and Keeping up with the Riches," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 509, DOI: 10.4419/86788584.
• Kei Imakubo & Haruki Kojima & Jouchi Nakajima, 2015, "The natural yield curve: its concept and measurement," Bank of Japan Working Paper Series, Bank of Japan, number 15-E-5, Jun.
• Nicola Fuchs-Schuendeln & Tarek Alexander Hassan, 2015, "Natural Experiments in Macroeconomics," NBER Working Papers, National Bureau of Economic Research, Inc, number 21228, Jun.
• Daniel Harenberg & Ludwig, Alexander, 2015, "Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, number 201403, May.
• Item repec:dnb:dnbwpp:475 is not listed on IDEAS anymore

• Baas, Timo & Belke, Ansgar, 2014, "Labor Market Reforms and Current Account Imbalances - Beggar-thy-Neighbor Policies in a Currency Union?," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 505, DOI: 10.4419/86788579.
• Murat Alikhanov & Leon Taylor, 2015, "Real or nominal shock – which one does more to destabilize developing economies? The case of money velocity in Kazakhstan," Bulgarian Economic Papers, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, number bep-2015-06, May, revised May 2015.
• Kaloyan Ganev, 2015, "A Small Model for Output Gap and Potential Growth Estimation. An Application to Bulgaria," Bulgarian Economic Papers, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, number bep-2015-04, Mar, revised Mar 2015.
• Jinill Kim & Seth Pruitt, 2015, "Estimating Monetary Policy Rules When Nominal Interest Rates Are Stuck at Zero," Discussion Paper Series, Institute of Economic Research, Korea University, number 1502.
• Roberto Piazza, 2015, "Deflation expectations and Japan's lost decade," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 274, Jun.
• Andrea Gerali & Alberto Locarno & Alessandro Notarpietro & Massimiliano Pisani, 2015, "Every cloud has a silver lining. The sovereign crisis and Italian potential output," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1010, Jun.
• Akturk, Halit & Gocen, Hasan & Duran, Suleyman, 2015, "Money Multiplier under Reserve Option Mechanism," MPRA Paper, University Library of Munich, Germany, number 64803, Jun.
• Paul Kitney, 2015, "Does the central bank respond to credit market factors? A Bayesian DSGE approach," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2015-21, Jun.
• Paolo Angelini, 2015, "Macroprudential policies: a discussion of the main issues," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 271, Jun.
• Stephanie Schmitt-Grohé & Martín Uribe, 2015, "How Important Are Terms Of Trade Shocks?," NBER Working Papers, National Bureau of Economic Research, Inc, number 21253, Jun.
• Item repec:dau:papers:123456789/14524 is not listed on IDEAS anymore

• Portier, Franck & Beaudry, Paul & Galizia, Dana, 2015, "Reviving the Limit Cycle View of Macroeconomic Fluctuations," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10645, Jun.
• Ahmed Waqar Qasim & M. Ali Kemal & Omer Siddique, 2015, "Fiscal Consolidation and Economic Growth: A Case Study of Pakistan," PIDE-Working Papers, Pakistan Institute of Development Economics, number 2015:124.
• Vogel, Edgar, 2014, "Optimal Level of Government Debt: Matching Wealth Inequality and the Fiscal Sector," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, number 201410, Apr.
• Paul Beaudry & Dana Galizia & Franck Portier, 2015, "Reviving the Limit Cycle View of Macroeconomic Fluctuations," NBER Working Papers, National Bureau of Economic Research, Inc, number 21241, Jun.
• Aleksandar Vasilev, 2015, "US Health and Aggregate Fluctuations," Bulgarian Economic Papers, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, number bep-2015-01, Feb, revised Feb 2015.
• Belke, Ansgar, 2014, "Monetary Dialogue 2009-2014 – Looking Backward, Looking Forward," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 477, DOI: 10.4419/86788541.
• Lie, Denny & Yadav, Anirudh S., 2015, "Time-Varying Trend Inflation and the New Keynesian Phillips Curve in Australia," Working Papers, University of Sydney, School of Economics, number 2015-14, May.
• Kim, Dongkoo & Rhee, Tae-hwan & Ryu, Keunkwan & Shin, Changmock, 2015, "Crowdsourcing of Economic Forecast – Combination of Forecasts Using Bayesian Model Averaging," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 546, DOI: 10.4419/86788624.
• Cecchetti, Stephen & Kharroubi, Enisse, 2015, "Why does financial sector growth crowd out real economic growth?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10642, Jun.
• Harenberg, Daniel & Ludwig, Alexander, 2014, "Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, number 201413, Sep.
• Ehrmann, Michael & Ziegelmeyer, Michael, 2014, "Household Risk Management and Actual Mortgage Choice in the Euro Area," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, number 201406, Apr.
• Andrea Teglio & Andrea Mazzocchetti & Linda Ponta & Marco Raberto & Silvano Cincotti, 2015, "Budgetary rigour with stimulus in lean times: Policy advices from an agent-based model," Working Papers, Economics Department, Universitat Jaume I, Castellón (Spain), number 2015/07.
• John Haltiwanger & Henry Hyatt & Erika McEntarfer, 2015, "Cyclical Reallocation of Workers Across Employers by Firm Size and Firm Wage," NBER Working Papers, National Bureau of Economic Research, Inc, number 21235, Jun.
• Chun Chang & Kaiji Chen & Daniel F. Waggoner & Tao Zha, 2015, "Trends and Cycles in China's Macroeconomy," NBER Working Papers, National Bureau of Economic Research, Inc, number 21244, Jun.
• Döhrn, Roland & an de Meulen, Philipp, 2015, "Weather, the Forgotten Factor in Business Cycle Analyses," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 539, DOI: 10.4419/86788617.
• He, Zhiguo & Krishnamurthy, Arvind, 2015, "A Macroeconomic Framework for Quantifying Systemic Risk," Research Papers, Stanford University, Graduate School of Business, number 3277, Mar.
• Belke, Ansgar & Böing, Tobias, 2014, "Sacrifice Ratios for Euro Area Countries – New Evidence on the Costs of Price Stability," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 520, DOI: 10.4419/86788595.
• Gros, Daniel & Alcidi, Cinzia & Belke, Ansgar & Coutinho, Leonor & Giovannini, Alessandro, 2014, "State-of-Play in Implementing Macroeconomic Adjustment Programmes in the Euro Area," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 482, DOI: 10.4419/86788548.
• Belke, Ansgar, 2014, "Exit Strategies and Their Impact on the Euro Area - A Model Based View," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 467, DOI: 10.4419/86788527.
• Schlicht, Ekkehart, 2015, "Directed Technical Change and Capital Deepening: A Reconsideration of Kaldor’s Technical Progress Function," Discussion Papers in Economics, University of Munich, Department of Economics, number 24853, Jun.
• Imane El Ouadghiri & Remzi Uctum, 2015, "Jumps in Equilibrium Prices and Asymmetric News in Foreign Exchange Markets," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2015-14.
• Farley Grubb, 2015, "Colonial New Jersey’s Provincial Fiscal Structure, 1709-1775: Spending Obligations, Revenue Sources, and Tax Burdens in War and in Peace," Working Papers, University of Delaware, Department of Economics, number 15-08.
• Item repec:tiu:tiucen:bd09917e-4277-418c-8d8e-5bd5b8439fd3 is not listed on IDEAS anymore

• Marlene Karl, 2015, "Are Ethical and Social Banks Less Risky? Evidence from a New Dataset," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1484.
• Christopher G. Gibbs, 2015, "Overcoming the Forecast Combination Puzzle: Lessons from the Time-Varying Effciency of Phillips Curve Forecasts of U.S. Inflation," Discussion Papers, School of Economics, The University of New South Wales, number 2015-09, Apr.
• Mathä, Thomas Y. & Porpiglia, Alessandro & Ziegelmeyer, Michael, 2014, "Household wealth in the euro area: The importance of intergenerational transfers, homeownership and house price dynamics," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, number 201412, Jun.
• Konstantin A. Kholodilin & Christian Kolmer & Tobias Thomas & Dirk Ulbricht, 2015, "Asymmetric Perceptions of the Economy: Media, Firms, Consumers, and Experts," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1490.
• Vogel, Edgar & Ludwig, Alexander & Börsch-Supan, Axel, 2015, "Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, number 201206, Mar.
• von der Lippe, Peter, 2015, "Generalized Statistical Means and New Price Index Formulas, Notes on some unexplored index formulas, their interpretations and generalizations," MPRA Paper, University Library of Munich, Germany, number 64952, Jun.
• Gumbau-Brisa, Fabià & Lie, Denny, 2015, "Comments on "Trend Inflation, Indexation, and Inflation Persistence in the New Keynesian Phillips Curve"," Working Papers, University of Sydney, School of Economics, number 2015-13, May.
• Item repec:ilo:ilowps:487475 is not listed on IDEAS anymore

• Koehler-Geib,Fritzi & Hnatkovska,Viktoria, 2015, "Business cycles accounting for Paraguay," Policy Research Working Paper Series, The World Bank, number 7284, Jun.
• Ludwig, Alexander & Schön, Matthias, 2014, "Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, number 201309, Jun.
• Laurent Callot & Johannes Tang Kristensen, 2015, "Regularized Estimation of Structural Instability in Factor Models: The US Macroeconomy and the Great Moderation," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 15-069/III, Jun.
• Silvia Fabiani & Mario Porqueddu, 2015, "Changing prices ... changing times: evidence for Italy," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 275, Jun.
• Damián Kennedy, 2014, "Las tensiones actuales de la economía argentina como resultado de la evolución de los determinantes estructurales de su ciclo económico," Ensayos de Economía, Universidad Nacional de Colombia Sede Medellín, number 13005, Dec.
• Klima, Grzegorz & Podemski, Karol & Retkiewicz-Wijtiwiak, Kaja & Sowińska, Anna E., 2015, "Smets-Wouters '03 model revisited - an implementation in gEcon," MPRA Paper, University Library of Munich, Germany, number 64440, Feb.
• Laurent Callot & Johannes Tang Kristensen, 2015, "Regularized Estimation of Structural Instability in Factor Models: The US Macroeconomy and the Great Moderation," CREATES Research Papers, Department of Economics and Business Economics, Aarhus University, number 2015-29, Jun.
• Regis Barnichon & Andrew Figura, 2015, "Declining Desire to Work and Downward Trends in Unemployment and Participation," NBER Working Papers, National Bureau of Economic Research, Inc, number 21252, Jun.
• Kitlinski, Tobias & an de Meulen, Philipp, 2015, "The role of targeted predictors for nowcasting GDP with bridge models: Application to the Euro area," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 559, DOI: 10.4419/86788640.
• Yuzo Honda & Hitoshi Inoue, 2015, "Three Alternative Hypotheses On The Yen-Dollar Exchange Rate Over The Last 30 Years," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 15-15, Jun.
• Tröger, Tobias H., 2015, "Regulatory influence on market conditions in the banking union: The cases of macro-prudential instruments and the bail-in tool," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 109, DOI: 10.2139/ssrn.2613802.
• Bachmann, Ronald & Bechara, Peggy & Kramer, Anica & Rzepka, Sylvi, 2014, "Labour Market Dynamics and Worker Heterogeneity During the Great Recession – Evidence from Europe," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 499, DOI: 10.4419/86788572.
• Ludwig, Johannes, 2014, "The Role of Education and Household Composition for Transitory and Permanent Income Inequality. Evidence from PSID Data," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 478, DOI: 10.4419/86788542.
• Fuchun Li, 2015, "Testing for the Diffusion Matrix in a Continuous-Time Markov Process Model with Applications to the Term Structure of Interest Rates," Staff Working Papers, Bank of Canada, number 15-17, DOI: 10.34989/swp-2015-17.
• Davinson Stev Abril Salcedo & Luis Fernando Melo Velandia & Daniel Parra Amado, 2015, "Heterogeneidad de los �ndices de Producci�n Sectoriales de la Industria Colombiana," Borradores de Economia, Banco de la Republica, number 12973, Jun.
• Item repec:ilo:ilowps:487471 is not listed on IDEAS anymore

• Belke, Ansgar & Gros, Daniel, 2015, "Banking Union as a Shock Absorber," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 548, DOI: 10.4419/86788626.
• Caporin, Massimiliano & Pelizzon, Loriana & Ravazzolo, Francesco & Rigobon, Roberto, 2015, "Measuring sovereign contagion in Europe," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 103, DOI: 10.2139/ssrn.2606508.
• Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2014, "Pacific Private Sector Development Initiative Progress Report 2013-2014," ADB Reports, Asian Development Bank (ADB), number RPT146723-2, Dec.
• Mark Huggett & Greg Kaplan, 2015, "How Large is the Stock Component of Human Capital?," NBER Working Papers, National Bureau of Economic Research, Inc, number 21238, Jun.
• Bartzsch, Nikolaus & Seitz, Franz & Setzer, Ralph, 2015, "The demand for euro banknotes in Germany: Structural modelling and forecasting," MPRA Paper, University Library of Munich, Germany, number 64949, Jun.
• Tóth, József, 2015, "The Financial Background of the European Deposit Guarantee Schemes and the Resolution Mechanism," MPRA Paper, University Library of Munich, Germany, number 64794, Jun.
• Ludwig, Johannes, 2015, "Income Shocks or Insurance - What Determines Consumption Inequality?," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 550, DOI: 10.4419/86788628.
• David Coble & Sebastián Faúndez, 2015, "The Labor Wedge and Business Cycle in Chile," Working Papers Central Bank of Chile, Central Bank of Chile, number 758, Apr.
• Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2014, "Bangladesh Quarterly Economic Update September 2014," ADB Reports, Asian Development Bank (ADB), number RPS147019-2, Dec.
• Melvin Stephens, Jr. & Takashi Unayama, 2015, "Estimating the Impacts of Program Benefits: Using Instrumental Variables with Underreported and Imputed Data," NBER Working Papers, National Bureau of Economic Research, Inc, number 21248, Jun.
• Liu, Kai & Zhou, Xuan, 2015, "The U.S. Dollar and Global Imbalances," MPRA Paper, University Library of Munich, Germany, number 64786, Jun.
• Kitlinski, Tobias, 2015, "The robustness of the effects of public investment in infrastructure on private output: Evidence for Germany," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 560, DOI: 10.4419/86788641.
• Kitlinski, Tobias, 2015, "With or without you: Do financial data help to forecast industrial production?," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 558, DOI: 10.4419/86788639.
• Rühl, Tobias R. & Stein, Michael, 2014, "Discovering and Disentangling Effects of US Macro-Announcements in European Stock Markets," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 500, DOI: 10.4419/86788574.
• Daniel Belingher, 2015, "Dinamica cheltuielilor guvernamentale în functie de ciclurile electorale – Cazul României (International Conference “EUROPEAN PERSPECTIVE OF LABOR MARKET - INOVATION, EXPERTNESS, PERFORMANCE”)," Institute for Economic Forecasting Conference Proceedings, Institute for Economic Forecasting, number 141110, May.
• GHARDACH, jaouad, 2014, "The Exchange Rate Pass-Through To Import Prices: A Panel Evidence From Developing Countries," MPRA Paper, University Library of Munich, Germany, number 64938, Jun.
• Silvia Faggian & Giuseppe Freni, 2015, "A Ricardian Model of Forestry," Working Papers, Department of Economics, University of Venice "Ca' Foscari", number 2015:12, revised 2015.
• Item repec:dnb:dnbwpp:476 is not listed on IDEAS anymore

• Eduardo Antonelli, 2014, "La distribución del ingreso. Un enfoque alternativo," Ensayos de Economía, Universidad Nacional de Colombia Sede Medellín, number 13007, Dec.
• Fairfield, Tasha, 2013, "Going where the money is: strategies for taxing economic elites in unequal democracies," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 49828, Jul.
• Peter, Eckley, 2015, "Measuring economic uncertainty using news-media textual data," MPRA Paper, University Library of Munich, Germany, number 64874, Jan, revised 01 May 2015.
• Benoît Carmichael & Jean Armand Gnagne & Kevin Moran, 2015, "Securities Transactions Taxes and Financial Crises," Cahiers de recherche, CIRPEE, number 1515.
• Byrnes, Liam & Brown, Colin, 2015, "Australia’s renewable energy policy: the case for intervention," MPRA Paper, University Library of Munich, Germany, number 64977, May.
• Herzog, Alexander & Benoit, Kenneth, 2015, "The most unkindest cuts: speaker selection and expressed government dissent during economic crisis," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 62243, Oct.
• Hossen, Sayed Mohibul, 2015, "A Statistical Analysis on Production of Chili and Its' Prospect in Bangladesh," MPRA Paper, University Library of Munich, Germany, number 64832, Jun.
• Bucher-Koenen, Tabea & Koenen, Johannes, 2015, "Do Seemingly Smarter Consumers Get Better Advice?," MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, number 201501, Feb.
• Ojo, Marianne, 2015, "Harmonising Hayek and Posner: revisiting Posner, Hayek & the economic analysis of Law," MPRA Paper, University Library of Munich, Germany, number 64780, Jun.

Report NEP-MAC-2015-06-13

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: