Report NEP-MAC-2015-08-30

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:

• Máximo Camacho & Danilo Leiva-León & Gabriel Pérez-Quiros, 2015. "Country Shocks, Monetary Policy Expectations and ECB Decisions. A Dynamic Non-Linear Approach," Working Papers Central Bank of Chile 764, Central Bank of Chile.
• Gürkaynak, Refet, 2015. "Is Optimal Monetary Policy Always Optimal?," CEPR Discussion Papers 10767, C.E.P.R. Discussion Papers.
• Graeme O'Meara, 2015. "Housing Bubbles and Monetary Policy: A Reassessment," Open Access publications 10197/6435, School of Economics, University College Dublin.
• Item repec:hhs:bofrdp:2015_012 is not listed on IDEAS anymore

• Carlos Garriga & Finn E. Kydland & Roman �ustek, 2015. "Mortgages and Monetary Policy," Working Papers 751, Queen Mary University of London, School of Economics and Finance.
• Michel Alexandre da Silva & Gilberto Tadeu Lima, 2015. "Combining Monetary Policy and Prudential Regulation: an agent-based modeling approach," Working Papers Series 394, Central Bank of Brazil, Research Department.
• Prasad, Eswar & Zhang, Boyang, 2015. "Distributional Effects of Monetary Policy in Emerging Market Economies," IZA Discussion Papers 9272, Institute of Labor Economics (IZA).
• Masanao Itoh & Ryoji Koike & Masato Shizume, 2015. "Bank of Japan's Monetary Policy in the 1980s: a View Perceived from Archived and Other Materials," IMES Discussion Paper Series 15-E-12, Institute for Monetary and Economic Studies, Bank of Japan.
• Falk Mazelis, 2015. "The Role of Shadow Banking in the Monetary Transmission Mechanism and the Business Cycle," SFB 649 Discussion Papers SFB649DP2015-040, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
• Demostenes N. Tambakis, 2015. "Determinate liquidity traps," Cambridge Working Papers in Economics 1522, Faculty of Economics, University of Cambridge.
• James D. Hamilton & Ethan S. Harris & Jan Hatzius & Kenneth D. West, 2015. "The Equilibrium Real Funds Rate: Past, Present and Future," NBER Working Papers 21476, National Bureau of Economic Research, Inc.
• Alho, Kari E.O., 2015. "Structural Reforms and Stabilization Policies in the Euro Area," ETLA Working Papers 31, The Research Institute of the Finnish Economy.
• English, William B. & Van den Heuvel, Skander J. & Zakrajsek, Egon, 2014. "Interest Rate Risk and Bank Equity Valuations," Working Papers 14-05, University of Pennsylvania, Wharton School, Weiss Center.
• Jenny Tang, 2013. "Uncertainty and the signaling channel of monetary policy," Working Papers 15-8, Federal Reserve Bank of Boston.
• Christian Gillitzer & John Simon, 2015. "Inflation Targeting: A Victim of Its Own Success?," RBA Research Discussion Papers rdp2015-09, Reserve Bank of Australia.
• Gabriela Castro & José R. Maria & Paulo Júlio, 2015. "Financial Fragmentation Shocks," Working Papers w201508, Banco de Portugal, Economics and Research Department.
• Luís Fonseca, 2015. "Central Bank Interventions, Demand for Collateral, and Sovereign Borrowing Costs," Working Papers w201509, Banco de Portugal, Economics and Research Department.
• Joseph E. Stiglitz, 2015. "Towards a General Theory of Deep Downturns," NBER Working Papers 21444, National Bureau of Economic Research, Inc.
• Emna Trabelsi, 2016. "What effects exert Economic Globalization and Central Bank Transparency on inflation of OECD countries? An Application of LSDVC Estimator on a dynamic Panel Model," Working Papers hal-01157387, HAL.
• Nathan Foley-Fisher & Rodney Ramcharan & Edison Yu, 2015. "The impact of unconventional monetary policy on firm financing constraints: evidence from the maturity extension program," Working Papers 15-30, Federal Reserve Bank of Philadelphia.
• Christian-Lambert Lambert Nguena & Roger Tsafack-Nanfosso, 2014. "On the Sensitivity of Banking Activity to Macroeconomic Shocks: Evidence from CEMAC Sub-region [Sensibilité du Secteur Bancaire aux Chocs Macroéconomiques: Cas de la sous-région CEMAC]," Post-Print halshs-01097850, HAL.
• Item repec:hhs:bofrdp:2015_011 is not listed on IDEAS anymore

• Murasawa, Yasutomo, 2015. "The multivariate Beveridge--Nelson decomposition with I(1) and I(2) series," MPRA Paper 66319, University Library of Munich, Germany.
• Altunok, Fatih & Mitchell, Karlyn & Pearce, Douglas, 2015. "The trade credit channel and monetary policy transmission: empirical evidence from U.S. panel data," MPRA Paper 66273, University Library of Munich, Germany.
• Franz Ruch & Mehmet Balcilar Author-Name-First Mehmet & Mampho P. Modise & Rangan Gupta, 2015. "Forecasting Core Inflation: The Case of South Africa," Working Papers 15-08, Eastern Mediterranean University, Department of Economics.
• Alfred Duncan, 2014. "Merging mandatory saving and monetary policy," Competition & Regulation Times 380202, New Zealand Institute for the Study of Competition and Regulation.
• Jiranyakul, Komain, 2015. "Exchange Rate Regimes and Persistence of Inflation in Thailand," MPRA Paper 66203, University Library of Munich, Germany.
• Fedotenkov, Igor, 2015. "Population ageing and prices in an OLG model with money created by credits," MPRA Paper 66056, University Library of Munich, Germany.
• Pier dup Lopez & J. David López-Salido & Francisco Vazquez-Grande, 2015. "Nominal Rigidities and the Term Structures of Equity and Bond Returns," Finance and Economics Discussion Series 2015-64, Board of Governors of the Federal Reserve System (U.S.).
• Sidibe, Tidiani, 2015. "Should stay the Mali in Zone franc area ?," MPRA Paper 66275, University Library of Munich, Germany.
• Lane, Philip, 2015. "Macro-Financial Stability under EMU," CEPR Discussion Papers 10776, C.E.P.R. Discussion Papers.
• Abbassi, Puriya & Fecht, Falko & Tischer, Johannes, 2015. "The intraday interest rate: What's that?," Discussion Papers 24/2015, Deutsche Bundesbank.
• Iván Werning, 2015. "Incomplete Markets and Aggregate Demand," NBER Working Papers 21448, National Bureau of Economic Research, Inc.
• Sacht, Stephen, 2015. "On the efficiency of labor market reforms: How to solve the Spanish puzzle?," Economics Discussion Papers 2015-55, Kiel Institute for the World Economy (IfW Kiel).
• Mehmet Balcilar & Rangan Gupta & Charl Jooste, 2014. "The Role of Economic Policy Uncertainty in Forecasting US Inflation Using a VARFIMA Model," Working Papers 15-12, Eastern Mediterranean University, Department of Economics.
• Mehmet Balcilar & Rangan Gupta & Renee van Eyden & Kirsten Thompson, 2015. "Comparing the Forecasting Ability of Financial Conditions Indices: The Case of South Africa," Working Papers 15-06, Eastern Mediterranean University, Department of Economics.
• Paul Hubert, 2014. "Disentangling qualitative and quantitative central bank influence," Working Papers hal-01098464, HAL.
• Pejman Bahramian & Mehmet Balcilar & Rangan Gupta & Patrick T. kanda, 2014. "Forecasting South African Inflation Using Non-Linear Models: A Weighted Loss-Based Evaluation," Working Papers 15-19, Eastern Mediterranean University, Department of Economics.
• Andrew C. Chang & Tyler J. Hanson, 2015. "The Accuracy of Forecasts Prepared for the Federal Open Market Committee," Finance and Economics Discussion Series 2015-62, Board of Governors of the Federal Reserve System (U.S.).
• Tianhao Zhi, 2015. "A Critique of Modern Money Theory and the Disequilibrium Dynamics of Banking and Government Finance," Working Paper Series 184, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
• Miroslav Plasil & Tomas Konecny & Jakub Seidler & Petr Hlavac, 2015. "In the Quest of Measuring the Financial Cycle," Working Papers 2015/05, Czech National Bank.
• Rajeswari Sengupta & Abhijit Sen Gupta, 2015. "Policy tradeoffs in an open economy and the role of G-20 in global macroeconomic policy coordination," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2015-024, Indira Gandhi Institute of Development Research, Mumbai, India.
• Belo, Frederico & Lin, Xiaoji & Yang, Fan, 2014. "External Equity Financing Shocks, Financial Flows, and Asset Prices," Working Paper Series 2014-08, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Saito, Yuta, 2014. "Are Deep Parameters Policy-Invariant?," MPRA Paper 66236, University Library of Munich, Germany.
• Shinichi Nishiyama, 2015. "Fiscal Policy Effects in a Heterogeneous-Agent OLG Economy with an Aging Population," Working Papers 89793613, Lancaster University Management School, Economics Department.
• Paul Hubert, 2015. "Revisiting the greenbook's relative forecasting performance," Post-Print hal-01087522, HAL.
• Rainer Schulz & Martin Wersing, 2015. "Forecasting the oil price using house prices Mechanism and the Business Cycle," SFB 649 Discussion Papers SFB649DP2015-041, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
• Stéphane Verani, 2015. "Aggregate Consequences of Dynamic Credit Relationships," Finance and Economics Discussion Series 2015-63, Board of Governors of the Federal Reserve System (U.S.).
• Calmfors, Lars, 2015. "The Roles of Fiscal Rules, Fiscal Councils and Fiscal Union in EU Integration," Working Paper Series 1076, Research Institute of Industrial Economics.
• Hall, Viv B. & McDermott, C. John, 2015. "Recessions and Recoveries in New Zealand’s Post-Second World War Business Cycles," Working Paper Series 4688, Victoria University of Wellington, School of Economics and Finance.
• Bjarni G. Einarsson & Kristófer Gunnlaugsson & Thorvardur Tjörvi Ólafsson & Thórarinn G. Pétursson, 2015. "The long history of financial boom-bust cycles in Iceland - Part I: Financial crises," Economics wp68, Department of Economics, Central bank of Iceland.
• Shinichi Nishiyama, 2015. "The Joint Labor Supply Decision of Married Couples and the Social Security Pension System," Working Papers 89793646, Lancaster University Management School, Economics Department.
• Claudio Sardoni, 2015. "The functions of money and the demand for liquidity," Working Papers 3/15, Sapienza University of Rome, DISS.
• Malena Portal Boza & Duniesky Feitó Madrigal & Sergio Valdes, 2015. "La curva de Phillips para la economía cubana. Un análisis empírico," Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la Universidad Autónoma de Ciudad Juárez. 27, Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez, revised 01 May 2015.
• Maria Ferrara & Patrizio Tirelli, 2015. "Can a DSGE Model Explain a Costly Disinflation?," Working Papers 306, University of Milano-Bicocca, Department of Economics, revised Aug 2015.
• Gerlach, Stefan & Kugler, Peter, 2015. "Back to Gold: Sterling in 1925," CEPR Discussion Papers 10761, C.E.P.R. Discussion Papers.
• Mehmet Balcilar & Rangan Gupta & Charl Jooste & Omid Ranjbar, 2015. "Characterising the South African Business Cycle: Is GDP Difference-Stationary or Trend-Stationary in a Markov-Switching Setup?," Working Papers 15-04, Eastern Mediterranean University, Department of Economics.
• Mehmet Balcilar & Rangan Gupta & Charl Jooste, 2014. "The Growth-Inflation Nexus for the US over 1801-2013: A Semiparametric Approach," Working Papers 15-17, Eastern Mediterranean University, Department of Economics.
• Marina Halac & Pierre Yared, 2015. "Fiscal Rules and Discretion in a World Economy," NBER Working Papers 21492, National Bureau of Economic Research, Inc.
• Mitchell, Karlyn & Pearce, Douglas, 2015. "Direct Evidence on Sticky Information from the Revision Behavior of Professional Forecasters," MPRA Paper 66172, University Library of Munich, Germany.
• Christian Gillitzer & Jin Cong Wang, 2015. "Housing Wealth Effects: Cross-sectional Evidence from New Vehicle Registrations," RBA Research Discussion Papers rdp2015-08, Reserve Bank of Australia.
• Daouli, Joan & Demoussis, Michael & Giannakopoulos, Nicholas & Lambropoulou, Nikolitsa, 2015. "The ins and outs of Greek unemployment in the Great Depression," MPRA Paper 66299, University Library of Munich, Germany.
• Gita Gopinath & Ṣebnem Kalemli-Özcan & Loukas Karabarbounis & Carolina Villegas-Sanchez, 2015. "Capital Allocation and Productivity in South Europe," Working Papers 728, Federal Reserve Bank of Minneapolis.
• Michala Moravcova, 2015. "The impact of German macroeconomic data announcements on the Czech financial market," Working Papers IES 2015/21, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Aug 2015.
• Mirdala, Rajmund & Svrčeková, Aneta & Semančíková, Jozefína, 2015. "On the Relationship between Financial Integration, Financial Liberalization and Macroeconomic Volatility," MPRA Paper 66143, University Library of Munich, Germany.
• Shinya Fujita, 2015. "Mark-up Pricing, Sectoral Dynamics, and the Traverse Process in a Two-Sector Kaleckian Economy," Discussion papers e-15-005, Graduate School of Economics Project Center, Kyoto University.
• Frederico Belo & Xiaoji Lin & Jun Li & Xiaofei Zhao, 2015. "Labor-Force Heterogeneity and Asset Prices: the Importance of Skilled Labor," NBER Working Papers 21487, National Bureau of Economic Research, Inc.
• Markku Lanne & Henri Nyberg, 2015. "Nonlinear dynamic interrelationships between real activity and stock returns," CREATES Research Papers 2015-36, Department of Economics and Business Economics, Aarhus University.
• Zenios, Stavros A., 2014. "Fairness and Reflexivity in the Cyprus Bail-In," Working Papers 14-04, University of Pennsylvania, Wharton School, Weiss Center.
• Goldbach, Stefan & Nitsch, Volker, 2015. "Cutting the credit line: Evidence from Germany," Discussion Papers 25/2015, Deutsche Bundesbank.
• Lin, Xiaoji & Palazzo, Berardino, 2015. "Technology Adoption, External Financing Frictions, and the Cross Sectional Returns," Working Paper Series 2014-15, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Qizhou Xiong, 2015. "Censored Fractional Response Model: Estimating Heterogeneous Relative Risk Aversion of European Households," IWH Discussion Papers 11, Halle Institute for Economic Research.
• Kubo, Koji, 2015. "Impacts of foreign exchange auctions on the informal market rate in Myanmar," IDE Discussion Papers 532, Institute of Developing Economies, Japan External Trade Organization(JETRO).
• Daniel Borowczyk-Martins & Etienne Lalé, 2015. "How Bad is Involuntary Part-time Work?," Bristol Economics Discussion Papers 15/664, School of Economics, University of Bristol, UK, revised 13 Jan 2016.
• Arnold, Marc & Westermann, Ramona, 2015. "The Value of Creditor Governance: Debt Renegotiations In and Outside Distress," Working Papers on Finance 1514, University of St. Gallen, School of Finance, revised Jul 2016.
• William Dudley, 2015. "Workforce development and reinvention in the Rochester economy," Speech 177, Federal Reserve Bank of New York.
• Mamipour, Siab & Vaezi Jezeie, Fereshteh, 2015. "Non-Linearities in the relation between oil price, gold price and stock market returns in Iran: a multivariate regime-switching approach," MPRA Paper 66202, University Library of Munich, Germany.
• Berger, Allen N. & Black, Lamont K. & Bouwman, Christa H. S. & Dlugosz, Jennifer, 2014. "The Federal Reserve's Discount Window and TAF Programs: "Pushing on a String?"," Working Papers 14-06, University of Pennsylvania, Wharton School, Weiss Center.
• Sari Kerr & William R. Kerr & Ramana Nanda, 2015. "House Prices, Home Equity and Entrepreneurship: Evidence from U.S. Census Micro Data," NBER Working Papers 21458, National Bureau of Economic Research, Inc.
• Petar Sorić & Ivana Lolić & Mirjana Čižmešija, 2015. "European economic sentiment indicator: An empirical reappraisal," EFZG Working Papers Series 1505, Faculty of Economics and Business, University of Zagreb.
• Asongu, Simplice & Efobi, Uchenna & Beecroft, Ibukun, 2014. "Inclusive human development in pre-crisis times of globalisation-driven debts," EconStor Preprints 114570, ZBW - Leibniz Information Centre for Economics.
• Nadav Ben Zeev, 2015. "WHAT CAN WE LEARN ABOUT NEWS SHOCKS FROM THE LATE 1990s AND EARLY 2000s BOOM-BUST PERIOD?," Working Papers 1501, Ben-Gurion University of the Negev, Department of Economics.
• Schlicht, Ekkehart, 2015. "Directed Technical Change and Capital Deepening: A Reconsideration of Kaldor’s Technical Progress Function," Discussion Papers in Economics 25169, University of Munich, Department of Economics.
• Yuri Biondi & Simone Righi, 2015. "Inequality, mobility and the financial accumulation process: A computational economic analysis," Department of Economics (DEMB) 0058, University of Modena and Reggio Emilia, Department of Economics "Marco Biagi".
• Wanger, Susanne & Weigand, Roland & Zapf, Ines, 2015. "Measuring hours worked in Germany : contents, data and methodological essentials of the IAB working time measurement concept," IAB-Discussion Paper 201521, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
• Joseph P. Byrne & Marina-Eliza Spaliara & Serafeim Tsoukas, 2015. "Firm survival, uncertainty and Financial frictions: Is there a Financial uncertainty accelerator?," Heriot-Watt University Economics Discussion Papers 1506, Department of Economics, School of Management and Languages, Heriot Watt University.
• Anagol, Santosh & Etang, Alvin & Karlan, Dean, 2014. "Continued Existence of Cows Disproves Central Tenets of Capitalism?," Working Papers 122, Yale University, Department of Economics.
• Prabir C. Bhattacharya, 2015. "A Model of Optimal Development: Further Results," Heriot-Watt University Economics Discussion Papers 1504a, Department of Economics, School of Management and Languages, Heriot Watt University.
• Michele Bernini & Alberto Montagnoli, 2015. "Competition and financial constraints: a two-sided story," Working Papers 2015018, The University of Sheffield, Department of Economics.
• Michaely, Roni & Popadak, Jillian & Vincent, Christopher, 2015. "The Deleveraging of U.S. Firms and Institutional Investors’ Role," MPRA Paper 66128, University Library of Munich, Germany.
• Carrasco Gutierrez, Carlos Enrique & Issler, João Victor, 2015. "Evaluating the effectiveness of Common-Factor Portfolios," MPRA Paper 66077, University Library of Munich, Germany.
• Meenagh, David & Minford, Patrick & Wickens, Michael & Xu, Yongdeng, 2015. "Comparing Indirect Inference and Likelihood testing: asymptotic and small sample results," Cardiff Economics Working Papers E2015/8, Cardiff University, Cardiff Business School, Economics Section.
• Minford, Patrick & Wickens, Michael R. & Meenagh, David & Xu, Yongdeng, 2015. "Comparing Indirect Inference and Likelihood testing: asymptotic and small sample results," CEPR Discussion Papers 10765, C.E.P.R. Discussion Papers.
• Ana Sequeira & Fátima Cardoso, 2015. "Séries Longas Trimestrais para a Economia Portuguesa: 1977-2014," Working Papers o201501, Banco de Portugal, Economics and Research Department.
• Minford, Patrick & Wickens, Michael R. & Meenagh, David & Le, Vo Phuong Mai & Xu, Yongdeng, 2015. "Testing macro models by indirect inference: a survey for users," CEPR Discussion Papers 10766, C.E.P.R. Discussion Papers.