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.

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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.
• Item repec:rnp:ppaper:madd5 is not listed on IDEAS anymore

• 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.