Report NEP-MAC-2015-09-05

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.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-MAC

The following items were announced in this report:

• Ambrogio Cesa-Bianchi & Alessandro Rebucci, 2015. "Does Easing Monetary Policy Increase Financial Instability?," IMF Working Papers 15/139, International Monetary Fund.
• Tenreyro, Silvana & Sterk, Vincent, 2015. "The Transmission of Monetary Policy through Redistributions and Durable Purchases," CEPR Discussion Papers 10785, C.E.P.R. Discussion Papers.
• Frankel, Jeffrey, 2014. "Nominal GDP Targeting for Middle-Income Countries," Working Paper Series rwp14-033, Harvard University, John F. Kennedy School of Government.
• 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 15-13, Eastern Mediterranean University, Department of Economics.
• International Monetary Fund, 2015. "Russian Federation; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/211, International Monetary Fund.
• Fiodendji, Komlan, 2015. "Que Nous Révèlent les Fonctions de Réaction à Propos des Préférences des Banques Centrales? [What Do Reaction Functions Tell Us About Central Bank’s Preferences?]," MPRA Paper 66296, University Library of Munich, Germany.
• International Monetary Fund, 2015. "Japan; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/197, International Monetary Fund.
• Chattopadhyay, Siddhartha & Daniel, Betty C., 2014. "The Inflation Target at the Zero Lower Bound," MPRA Paper 66096, University Library of Munich, Germany.
• International Monetary Fund, 2015. "United Arab Emirates; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/219, International Monetary Fund.
• Alexandros Kontonikas & Charles Nolan & Zivile Zekaite, 2015. "Always and Everywhere Inflation? Treasuries Variance Decomposition and the Impact of Monetary Policy," Working Papers 2015_17, Business School - Economics, University of Glasgow.
• Item repec:fip:fedkrw:15-06 is not listed on IDEAS anymore

• Tenreyro, Silvana & Thwaites, Gregory, 2015. "Pushing on a String: US Monetary Policy is Less Powerful in Recessions," CEPR Discussion Papers 10786, C.E.P.R. Discussion Papers.
• Item repec:hhs:bofrdp:2015_009 is not listed on IDEAS anymore

• Kevin Clinton & Charles Freedman & Michel Juillard & Ondrej Kamenik & Douglas Laxton & Hou Wang, 2015. "Inflation-Forecast Targeting; Applying the Principle of Transparency," IMF Working Papers 15/132, International Monetary Fund.
• David Cobham, 2015. "Multiple objectives in monetary policy: a de facto analysis for ‘advanced’ countries," Heriot-Watt University Economics Discussion Papers 1507, Department of Economics, School of Management and Languages, Heriot Watt University.
• Chakraborty, Lekha & Varma, Kushagra Om, 2015. "Efficacy of New Monetary Framework and Determining Inflation in India: An Empirical Analysis of Financially Deregulated Regime," Working Papers 15/153, National Institute of Public Finance and Policy.
• Vincent Belinga & Constant A Lonkeng Ngouana, 2015. "(Not) Dancing Together; Monetary Policy Stance and the Government Spending Multiplier," IMF Working Papers 15/114, International Monetary Fund.
• Eduardo Bastian & Mark Setterfield, 2015. "A Simple Analytical Model of the Adverse Real Effects of Inflation," Working Papers 1519, New School for Social Research, Department of Economics.
• International Monetary Fund, 2015. "Chile; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/227, International Monetary Fund.
• A. Poissonnier, 2015. "The walking dead Euler equation - Addressing a challenge to monetary policy models," Documents de Travail de la DESE - Working Papers of the DESE g2015-01, Institut National de la Statistique et des Etudes Economiques, DESE.
• International Monetary Fund, 2015. "Colombia; Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement," IMF Staff Country Reports 15/206, International Monetary Fund.
• Jia, Bijie & Kim, Hyeongwoo, 2015. "Government Spending Shocks and Private Activity: The Role of Sentiments," MPRA Paper 66263, University Library of Munich, Germany.
• Item repec:fip:fedkrw:15-05 is not listed on IDEAS anymore

• International Monetary Fund, 2015. "Cross-Country Report on Inflation; Selected Issues," IMF Staff Country Reports 15/184, International Monetary Fund.
• Sumit Agarwal & Gene Amromin & Souphala Chomsisengphet & Tim Landvoigt & Tomasz Piskorski & Amit Seru & Vincent Yao, 2015. "Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program," NBER Working Papers 21512, National Bureau of Economic Research, Inc.
• Viacheslav Sheremirov & Sandra Spirovska, 2015. "Output response to government spending: evidence from new international military spending data," Working Papers 15-9, Federal Reserve Bank of Boston.
• International Monetary Fund, 2015. "Somalia; 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Somalia," IMF Staff Country Reports 15/208, International Monetary Fund.
• Mehmet Balcilar & Kirsten Thompson & Rangan Gupta & Renee van Eyden, 2014. "Testing the Asymmetric Effects of Financial Conditions in South Africa: A Nonlinear Vector Autoregression Approach," Working Papers 15-18, Eastern Mediterranean University, Department of Economics.
• Huang, Wenge & Zhang, Jinsong, 2015. "A New Interpretation of the Mechanism for the Determination of Interest Rate and Its Policy Implications," MPRA Paper 66208, University Library of Munich, Germany.
• International Monetary Fund, 2015. "Colombia; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/142, International Monetary Fund.
• Harald Badinger & Wolf Heinrich Reuter, 2015. "The Case for Fiscal Rules," Department of Economics Working Papers wuwp204, Vienna University of Economics and Business, Department of Economics.
• Guillermo Escudé, 2015. "The Possible Trinity: Optimal interest rate,exchange rate, and taxes on capital flows in a DSGE model for a Small Open Economy," BCRA Working Paper Series 201563, Central Bank of Argentina, Economic Research Department.
• Petrosky-Nadeau, Nicolas & Zhang, Lu, 2013. "Unemployment Crises," Working Paper Series 2014-11, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Philip R. Lane, 2015. "Macro-Financial Stability under EMU," Trinity Economics Papers tep0615, Trinity College Dublin, Department of Economics.
• International Monetary Fund, 2015. "Solomon Islands; Fourth Review Under the Extended Credit Facility Arrangement," IMF Staff Country Reports 15/102, International Monetary Fund.
• International Monetary Fund, 2015. "Portugal; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/126, International Monetary Fund.
• Nicholas Sly & Caroline Weber, 2015. "Global tax policy and the synchronization of business cycles," Research Working Paper RWP 15-7, Federal Reserve Bank of Kansas City.
• Carl Chiarella & Corrado Di Guilmi & Tianhao Zhi, 2015. "Modelling the "Animal Spirits" of Bank's Lending Behaviour," Working Paper Series 183, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
• Christensen, Jens H. E. & Lopez, Jose A. & Rudebusch, Glenn D., 2013. "A Probability-Based Stress Test of Federal Reserve Assets and Income," Working Papers 14-01, University of Pennsylvania, Wharton School, Weiss Center.
• Andrea Pescatori & Jarkko Turunen, 2015. "Lower for Longer; Neutral Rates in the United States," IMF Working Papers 15/135, International Monetary Fund.
• M. Lequien & A. Montaut, 2014. "Potential growth in France and the euro area: an overview of the estimation methods," Documents de Travail de la DESE - Working Papers of the DESE g2014-09, Institut National de la Statistique et des Etudes Economiques, DESE.
• International Monetary Fund, 2015. "Republic of Poland; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/182, International Monetary Fund.
• International Monetary Fund, 2015. "Italy; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/166, International Monetary Fund.
• Item repec:hhs:bofitp:2015_024 is not listed on IDEAS anymore

• International Monetary Fund, 2015. "Spain; Staff Report for the 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Spain," IMF Staff Country Reports 15/232, International Monetary Fund.
• International Monetary Fund, 2015. "Kingdom of the Netherlands—Aruba; Staff Report for the 2015 Article IV Consultation Discussions," IMF Staff Country Reports 15/116, International Monetary Fund.
• Mehmet Balcilar & Rangan Gupta & Mawuli Segnon, 2015. "The Role of Economic Policy Uncertainty in Predicting U.S. Recessions: A Mixed-Frequency Markov-Switching Vector Autoregressive Approach," Working Papers 201558, University of Pretoria, Department of Economics.
• Mehmet Balcilar & Rangan Gupta & Charl Jooste, 2014. "Analysing South Africa's Inflation Persistence Using an ARFIMA Model with Markov-Switching Fractional Differencing Parameter," Working Papers 15-09, Eastern Mediterranean University, Department of Economics.
• Eric Rosengren, 2015. "Economic uncertainty: the implications for monetary policy," Speech 98, Federal Reserve Bank of Boston.
• Reinhart, Carmen M. & Reinhart, Vincent & Rogoff, Kenneth, 2015. "Dealing with Debt," Working Paper Series rwp15-009, Harvard University, John F. Kennedy School of Government.
• Levy Yeyati, Eduardo & Zuniga, Jimena, 2015. "Varieties of Capital Flows: What Do We Know," Working Paper Series rwp15-025, Harvard University, John F. Kennedy School of Government.
• Pranav Gupta & Grace B Li & Jiangyan Yu, 2015. "From Natural Resource Boom to Sustainable Economic Growth; Lessons for Mongolia," IMF Working Papers 15/90, International Monetary Fund.
• Gabriel Chodorow-Reich & Johannes Wieland, 2017. "Secular Labor Reallocation and Business Cycles," Working Paper 313261, Harvard University OpenScholar.
• Dodig, Nina & Hein, Eckhard & Detzer, Daniel, 2015. "Financialisation and the financial and economic crises: Theoretical framework and empirical analysis for 15 countries," IPE Working Papers 54/2015, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Chakrabarti, Anindya S., 2015. "Inflationary effects of monetary policies in newly industrialized economies with cross-sectoral labor and capital immobility," IIMA Working Papers WP2015-08-07, Indian Institute of Management Ahmedabad, Research and Publication Department.
• International Monetary Fund, 2015. "Thailand; Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 15/114, International Monetary Fund.
• Lorenzo Boldrini & Eric Hillebrand, 2015. "The Forecasting Power of the Yield Curve, a Supervised Factor Model Approach," CREATES Research Papers 2015-39, Department of Economics and Business Economics, Aarhus University.
• Grégory Levieuge, 2015. "Explaining and forecasting bank loans. Good times and crisis," Working papers 566, Banque de France.
• Christian Schoder, 2015. "Methodological, internal and ontological inconsistencies in the conventional micro-foundation of post-Keynesian theory," Working Papers 1518, New School for Social Research, Department of Economics.
• B. Campagne & V. Alhenc-Gelas & J.-B. Bernard, 2015. "No evidence of financial accelerator in France," Documents de Travail de la DESE - Working Papers of the DESE g2015-07, Institut National de la Statistique et des Etudes Economiques, DESE.
• Alberto Cavallo, 2015. "Scraped Data and Sticky Prices," NBER Working Papers 21490, National Bureau of Economic Research, Inc.
• Taylor, Alan M. & Schularick, Moritz & Jordà , Ã’scar, 2015. "Leveraged Bubbles," CEPR Discussion Papers 10781, C.E.P.R. Discussion Papers.
• International Monetary Fund, 2015. "Bosnia and Herzegovina; Financial Sector Assessment Program Technical Note—Systemic Liquidity Management, Financial Safety Net, Insolvency Framework, and Macroprudential Policy," IMF Staff Country Reports 15/216, International Monetary Fund.
• Reinhart, Carmen M. & Trebesch, Christoph, 2015. "Sovereign Debt Relief and Its Aftermath," Working Paper Series rwp15-028, Harvard University, John F. Kennedy School of Government.
• Gita Gopinath & Sebnem Kalemli-Ozcan & Loukas Karabarbounis & Carolina Villegas-Sanchez, 2015. "Capital Allocation and Productivity in South Europe," NBER Working Papers 21453, National Bureau of Economic Research, Inc.
• Evans, Martin, 2015. "External Balances, Trade and Financial Conditions," MPRA Paper 66201, University Library of Munich, Germany.
• International Monetary Fund, 2015. "Peru; Selected Issues," IMF Staff Country Reports 15/134, International Monetary Fund.
• Reinhart, Carmen & Reinhart, Vincent & Tashiro, Takeshi, 2015. "Does Reserve Accumulation Crowd Out Investments?," Working Paper Series rwp15-038, Harvard University, John F. Kennedy School of Government.
• Širůček, Martin, 2015. "Kauzalní vztah peněžní nabídky a amerického akciového trhu [Money supply and US stock market causality]," MPRA Paper 66357, University Library of Munich, Germany, revised 30 Aug 2015.
• Guðmundsson, Björn Rúnar, 2015. "Financialisation and financial crisis in Iceland," IPE Working Papers 55/2015, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Grégory Levieuge, 2015. "the coherence and the predictive content of the French Bank Lending Survey s indicators (in French)," Working papers 567, Banque de France.
• Airapetyan, Mamikon (Айрапетян, Мамикон) & Aleschenko, Natalya (Алещенко, Наталья) & Arushanyan, Vitaliy (Арушанян, Виталий), 2015. "Experience in Analysis and Forecasting of Cyclical Fluctuations in the Economy (On the Example of the National Bureau of Economic Research in Application to the Economy and the Anti-Crisis Policy of R," Published Papers madd5, Russian Presidential Academy of National Economy and Public Administration.
• William R. Cline, 2015. "From Populist Destabilization to Reform and Possible Debt Relief in Greece," Policy Briefs PB15-12, Peterson Institute for International Economics.
• Gabriel Chodorow-Reich & Loukas Karabarbounis, 2015. "The Cyclicality of the Opportunity Cost of Employment," Staff Report 514, Federal Reserve Bank of Minneapolis.
• Achury, Carolina & Koulovatianos, Christos & Tsoukalas, John, 2015. "Political economics of external sovereign defaults," CFS Working Paper Series 508, Center for Financial Studies (CFS).
• International Monetary Fund, 2015. "United Republic of Tanzania; Second Review Under the Policy Support Instrument," IMF Staff Country Reports 15/181, International Monetary Fund.
• Francesco Caselli & Miklós Koren & Milan Lisicky & Silvana Tenreyro, 2015. "Diversification through Trade," NBER Working Papers 21498, National Bureau of Economic Research, Inc.
• Guimarães, Bernardo de Vasconcellos & Mazini, André Chaves & Mendonça, Diogo de Prince, 2015. "Time-dependent or state-dependent pricing? Evidence from firms’ response to inflation shocks," Textos para discussão 383, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
• Marçal, Emerson Fernandes & Zimmermann, Beatrice Aline & Mendonça, Diogo de Prince & Merlin, Giovanni Tondin, 2015. "Does mixed frequency vector error correction model add relevant information to exchange misalignment calculus? Evidence for United States," Textos para discussão 385, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
• Reinhart, Carmen & Santos, Miguel Angel, 2015. "From Financial Repression to External Distress: The Case of Venezuela," Working Paper Series rwp15-018, Harvard University, John F. Kennedy School of Government.
• Paul Beaudry & Patrick Fève & Alain Guay & Franck Portier, 2015. "When is Nonfundamentalness in VARs a Real Problem? An Application to News Shocks," NBER Working Papers 21466, National Bureau of Economic Research, Inc.
• Matthew Jaremski & Peter L. Rousseau, 2015. "The Dawn of an ‘Age of Deposits’ in the United States," NBER Working Papers 21503, National Bureau of Economic Research, Inc.
• International Monetary Fund, 2015. "Ireland; Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles," IMF Staff Country Reports 15/118, International Monetary Fund.
• Andrew B. BERNARD & Toshihiro OKUBO, 2015. "Product Switching and the Business Cycle," Discussion papers 15103, Research Institute of Economy, Trade and Industry (RIETI).
• Chakrabarti, Anindya S., 2015. "Dispersion in macroeconomic volatility between the core and periphery of the international trade network," IIMA Working Papers WP2015-08-08, Indian Institute of Management Ahmedabad, Research and Publication Department.
• Guimarães, Bernardo de Vasconcellos & Machado, Caio Henrique, 2015. "Demand expectations and the timing of stimulus policies," Textos para discussão 379, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
• Mumtaz Hussain & Asghar Shahmoradi & Rima Turk, 2015. "An Overview of Islamic Finance," IMF Working Papers 15/120, International Monetary Fund.
• International Monetary Fund, 2015. "Bosnia and Herzegovina; Financial System Stability Assessment," IMF Staff Country Reports 15/177, International Monetary Fund.
• Awaludin, Fadhlee & Masih, Mansur, 2015. "Sukuk pricing dynamics - factors influencing yield curve of the Malaysian Sukuk," MPRA Paper 66355, University Library of Munich, Germany.
• Jennifer Weiner, 2015. "State highway funding in New England: the road to greater fiscal sustainability," New England Public Policy Center Policy Reports 15-1, Federal Reserve Bank of Boston.
• Shoag, Daniel & Veuger, Stan, 2015. "Uncertainty and the Geography of the Great Recession," Working Paper Series rwp15-014, Harvard University, John F. Kennedy School of Government.
• David Amaglobeli & Nicolas End & Mariusz Jarmuzek & Geremia Palomba, 2015. "From Systemic Banking Crises to Fiscal Costs; Risk Factors," IMF Working Papers 15/166, International Monetary Fund.
• Conti-Brown, Peter, 2015. "The Institutions of Federal Reserve Independence," Working Papers 15-05, University of Pennsylvania, Wharton School, Weiss Center.
• International Monetary Fund, 2015. "Jordan; Sixth Review Under the Stand-By Arrangement, Request for Waivers of Applicability of Performance Criteria, and Rephasing of Access," IMF Staff Country Reports 15/115, International Monetary Fund.
• Jean-Pierre Dubé & Günter J. Hitsch & Peter E. Rossi, 2015. "Income and Wealth Effects on Private-Label Demand: Evidence From the Great Recession," NBER Working Papers 21446, National Bureau of Economic Research, Inc.
• B. Garbinti & P. Lamarche, 2014. "Do the High-Income Households Save More?," Documents de Travail de la DESE - Working Papers of the DESE g2014-10, Institut National de la Statistique et des Etudes Economiques, DESE.
• Coxhead, Ian, 2014. "Southeast Asia's Long Transition," Staff Paper Series 575, University of Wisconsin, Agricultural and Applied Economics.
• Simas Kucinskas, 2015. "Liquidity Creation without Banks," Tinbergen Institute Discussion Papers 15-101/VI, Tinbergen Institute.
• Cristina Fernández & Leonardo Villar & Paulo Mauricio Sánchez, 2015. "¿Hay vida después de las bonanzas?," Working Papers Series. Documentos de Trabajo 13609, Fedesarrollo.
• Marçal, Emerson Fernandes & Zimmermann, Beatrice Aline & Mendonça, Diogo de Prince & Merlin, Giovanni Tondin, 2015. "Assessing interdependence among countries' fundamentals and its implications for exchange rate misalignment estimates: An empirical exercise based on GVAR," Textos para discussão 384, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
• Leo Kaas & Georgi Kocharkov & Edgar Preugschat, 2015. "Wealth Inequality and Homeownership in Europe," Working Paper Series of the Department of Economics, University of Konstanz 2015-18, Department of Economics, University of Konstanz.
• Gustavo Adler & Noemie Lisack & Rui Mano, 2015. "Unveiling the Effects of Foreign Exchange Intervention; A Panel Approach," IMF Working Papers 15/130, International Monetary Fund.
• International Monetary Fund, 2015. "Hungary; Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company," IMF Staff Country Reports 15/99, International Monetary Fund.
• F. Borel-Mathurin & P.-E. Darpeix & Q. Guibert & S. Loisel, 2015. "Main determinants of profit sharing policy in the French life insurance industry," Débats Economiques et financiers 17, Banque de France.
• Benjamin L Hunt & Dirk V Muir & Martin Sommer, 2015. "The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States," IMF Working Papers 15/92, International Monetary Fund.
• William Dudley, 2015. "The regional economic outlook," Speech 178, Federal Reserve Bank of New York.
• Zhongxia Zhang & Yuan Gao, 2015. "Emerging Market Heterogeneity; Insights from Cluster and Taxonomy Analysis," IMF Working Papers 15/155, International Monetary Fund.
• Glötzl, Erhard, 2015. "Why and How to overcome General Equilibrium Theory," MPRA Paper 66265, University Library of Munich, Germany.
• Leonardo Villar & José Vicente Romero & César Pabón, 2015. "Política cambiaria, monetaria y fiscal: ¿ha aprendido Colombia a mitigar los efectos de las crisis?," Informes de Investigación 13616, Fedesarrollo.
• A. Arnaud & J. Boussard & A. Poissonnier & H. Soual, 2014. "Computing additive contributions and other issues for chain-linked quarterly aggregates," Documents de Travail de la DESE - Working Papers of the DESE g2014-12, Institut National de la Statistique et des Etudes Economiques, DESE.
• Shafique, Shoaib & Hussain, Zahid, 2015. "The impact of foreign direct investment (FDI) on economic growth," MPRA Paper 66337, University Library of Munich, Germany.
• Assarsson, Bengt & Österholm, Pär, 2015. "Do Swedish Consumer Confidence Indicators Do What They Are Intended to Do?," Working Papers 139, National Institute of Economic Research.
• Philip R. Lane, 2015. "The Funding of the Irish Domestic Banking System During the Boom," Trinity Economics Papers tep0515, Trinity College Dublin, Department of Economics.
• Melitz, Jacques, 2015. "A formal analysis of the beginnings of coinage in antiquity," CEPR Discussion Papers 10795, C.E.P.R. Discussion Papers.
• J. Scott Holladay & Jacob LaRiviere, 2015. "The Impact of Cheap Natural Gas on Marginal Emissions from Electricity Generation and Implications for Energy," Working Papers 2015-07, University of Tennessee, Department of Economics.
• Sergio Sola & Geremia Palomba, 2015. "Sub-National Government’s Risk Premia; Does Fiscal Performance Matter?," IMF Working Papers 15/117, International Monetary Fund.