Report NEP-MAC-2015-11-15

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:

• Stephen McKnight, 2015, "Are consumption taxes preferable to income taxes in preventing macroeconomic instability?," Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, number 2015-04, Sep.
• Gregory Thwaites, 2015, "Why are real interest rates so low? Secular stagnation and the relative price of investment goods," Bank of England working papers, Bank of England, number 564, Nov.
• Pao-Lin Tien & Tara M. Sinclair & Edward N. Gamber, 2015, "Do Fed Forecast Errors Matter?," Wesleyan Economics Working Papers, Wesleyan University, Department of Economics, number 2015-004, Nov.
• Item repec:cbo:report:454710 is not listed on IDEAS anymore

• Item repec:cbo:report:502500 is not listed on IDEAS anymore

• Meijers, Huub & Muysken, Joan & Sleijpen, Olaf, 2015, "Firms' excess savings and the Dutch current account surplus: a stock-flow consistent approach," MERIT Working Papers, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT), number 2015-040.
• Item repec:stm:wpaper:4 is not listed on IDEAS anymore

• Olivier Blanchard & Eugenio Cerutti & Lawrence H. Summers, 2015, "Inflation and Activity: Two Explorations and Their Monetary Policy Implications," Working Paper Series, Peterson Institute for International Economics, number WP15-19, Nov.
• F. Gulcin Ozkan & D. Filiz Unsal, 2015, "Get ready for the Fed lift-off: The role of macroprudential policy," Discussion Papers, Department of Economics, University of York, number 15/25, Oct.
• Amy Higgins & Randal J. Verbrugge, 2015, "Tracking Trend Inflation: Nonseasonally Adjusted Variants of the Median and Trimmed-Mean CPI," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1527, Nov, DOI: 10.26509/frbc-wp-201527.
• Hertrich, Markus, 2015, "The Costs of Implementing a Unilateral One-Sided Exchange Rate Target Zone," MPRA Paper, University Library of Munich, Germany, number 67839.
• Ji Wu & Bang Nam Jeon & Minghua Chen & Rui Wang, 2015, "Monetary Policy and Bank Risk-taking: Evidence from Emerging Economies," School of Economics Working Paper Series, LeBow College of Business, Drexel University, number 2015-3, Nov.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2015, "The Effectiveness of the ECB’s Asset Purchase Programs of 2009 to 2012," Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester, number 15/24, Nov.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2015, "The Effectiveness of The ECB’s Asset Purchase Programs Of 2009 To 2012," Working Papers, Bank of Greece, number 199, Nov.
• Daniel H. Cooper & María Jose Luengo-Prado, 2015, "Household formation over time: evidence from two cohorts of young adults," Current Policy Perspectives, Federal Reserve Bank of Boston, number 15-4, Nov.
• Item repec:cbo:report:499580 is not listed on IDEAS anymore

• Altavilla, Carlo & Darracq Pariès, Matthieu & Nicoletti, Giulio, 2015, "Loan supply, credit markets and the euro area financial crisis," Working Paper Series, European Central Bank, number 1861, Oct.
• Uddin, Md Akther, 2014, "Can GDP growth rate be used as a benchmark instrument for Islamic monetary policy?," MPRA Paper, University Library of Munich, Germany, number 67696, Dec.
• Neagu, Florian & Tatarici, Luminita & Mihai, Irina, 2015, "Implementing Loan-to-Value and Debt Service-To-Income measures: A decade of Romanian experience," MPRA Paper, University Library of Munich, Germany, number 65988.
• Neven Vidakovic, 2015, "Exchange Rate Regime And A Household’s Choice Of Debt," Effectus - Working Paper Series, Effectus - University College for Law and Finance, number 0001, Nov.
• William A. Barnett & Biyan Tang, 2015, "Chinese Divisia Monetary Index and GDP Nowcasting," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics, number 201506, Nov, revised Nov 2015.
• Barnett, William A. & Tang, Biyan, 2015, "Chinese Divisia monetary index and GDP nowcasting," MPRA Paper, University Library of Munich, Germany, number 67691, Oct.
• Robert Hills & John Hooley & Yevgeniya Korniyenko & Tomasz Wieladek, 2015, "International banking and liquidity risk transmission: lessons from the United Kingdom," Bank of England working papers, Bank of England, number 562, Nov.
• Alain Kabundi & Eric Schaling & Modeste Some, 2014, "Monetary Policy and Heterogeneous Inflation Expectations in South Africa," Working Papers, South African Reserve Bank, number 6107, Feb.
• Stefano Eusepi & Emanuel Moench & Bruce Preston & Carlos Carvalho, 2015, "What drives long-run inflation expectations?," 2015 Meeting Papers, Society for Economic Dynamics, number 1228.
• Verdugo, Gregory, 2015, "Real Wage Cyclicality in the Eurozone Before and During the Great Recession: Evidence from Micro Data," IZA Discussion Papers, IZA Network @ LISER, number 9469, Nov.
• Bilin Neyapti & Derin Aksit, 2015, "Income Distribution and Economic Crises," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 1523, Nov.
• Dimitris Papageorgiou & Evangelia Vourvachaki, 2015, "The Macroeconomic Impact of Structural Reforms in Product and Labour Markets: Trade-Offs and Complementarities," Working Papers, Bank of Greece, number 197, Oct.
• Sergio Cesaratto, 2015, "L’organetto di Draghi: quattro lezioni critiche sulle misure non convenzionali della ECB sino al Quantitative Easing," a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy), number 1510, Nov.
• Item repec:cbo:report:498920 is not listed on IDEAS anymore

• Elosegui, Pedro & Grosman, Nicolas, 2014, "Structural Economic Model for Ecuador: a Dollar-ized and Oil-ized Economy," MPRA Paper, University Library of Munich, Germany, number 67686, Aug.
• Olivier Blanchard & Gustavo Adler & Irineu de Carvalho Filho, 2015, "Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?," Working Paper Series, Peterson Institute for International Economics, number WP15-18, Nov.
• Stefan Kawalec, 2015, "The permanent necessity to undervalue the euro endangers Europe’s trade relations," a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy), number 1509, Nov.
• Kodila-Tedika, Oasis & Asongu, Simplice, 2015, "Tribalism and Financial Development," MPRA Paper, University Library of Munich, Germany, number 67855, May.
• Bacchetta, Philippe & Merrouche, Ouarda, 2015, "Countercyclical Foreign Currency Borrowing: Eurozone Firms in 2007-2009," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10927, Nov.
• Klodiana Istrefi & B. Vonnak, 2015, "Delayed Overshooting Puzzle in Structural Vector Autoregression Models," Working papers, Banque de France, number 576.
• Helen Louri & Petros M. Migiakis, 2015, "Determinants of euro-area bank lending margins: financial fragmentation and ECB policies," Working Papers, Bank of Greece, number 198, Oct.
• Ngotran, Duong, 2015, "The Surge of Wall Street and The Rise in Income Inequality - Do they share the same root ?," MPRA Paper, University Library of Munich, Germany, number 67650, Jan, revised 20 Oct 2015.
• Cruz-Rodríguez, Alexis, 2015, "Sostenibilidad fiscal y crisis cambiarias: Un análisis empírico
  [Fiscal sustainability and currency crises: An empirical analysis]," MPRA Paper, University Library of Munich, Germany, number 67741, May.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2015, "How the Euro-Area Sovereign-Debt Crisis Led to a Collapse in Bank Equity Prices," Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester, number 15/25, Nov.
• Item repec:cbo:report:494940 is not listed on IDEAS anymore

• David Berger & Ricardo Caballero & Eduardo Engel, 2015, "Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models," Working Papers, University of Chile, Department of Economics, number wp412, Nov.
• William Dudley, 2015, "Beyond the macroeconomy," Speech, Federal Reserve Bank of New York, number 183, Nov.
• Njindan Iyke, Bernard, 2015, "On The Term Structure of South African Interest Rates: Cointegration and Threshold Adjustment," MPRA Paper, University Library of Munich, Germany, number 67681, Apr.
• Mark A. Carlson & David C. Wheelock, 2015, "Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve," Working Papers, Federal Reserve Bank of St. Louis, number 2015-37, Nov, DOI: 10.20955/wp.2015.037.
• Joe Peek & Eric Rosengren, 2015, "Credit supply disruptions: from credit crunches to financial crisis," Current Policy Perspectives, Federal Reserve Bank of Boston, number 15-5, Oct.
• Item repec:cbo:report:498901 is not listed on IDEAS anymore

• Item repec:cbo:report:498900 is not listed on IDEAS anymore

• Item repec:cbo:report:452111 is not listed on IDEAS anymore

• Item repec:cbo:report:452110 is not listed on IDEAS anymore

• Item repec:mae:wpaper:2015-07 is not listed on IDEAS anymore

• Leena Rudanko & Per Krusell, 2015, "Unions in a Frictional Labor Market," Discussion Papers, Centre for Macroeconomics (CFM), number 1531, Sep.
• Item repec:stm:wpaper:1 is not listed on IDEAS anymore

• Item repec:mae:wpaper:2015-10 is not listed on IDEAS anymore

• Shaista Amod & Shakill Hassan, 2014, "Variance Bounds as Thresholds for Excessive Currency Volatility Inflation Targeting Emerging Economies," Working Papers, South African Reserve Bank, number 6516, Dec.
• Stan du Plessis & Ben Smit & Rudi Steinbach, 2014, "A mediumsized open economy DSGE model of South Africa," Working Papers, South African Reserve Bank, number 6319, Jul.
• Powell, Andrew & Panizza, Ugo & Caballero, Julián, 2015, "The second wave of global liquidity: Why are firms acting like financial intermediaries?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10926, Nov.
• Uddin, Md Akther & Halim, Asyraf, 2015, "Islamic monetary policy: Is there an alternative of interest rate?," MPRA Paper, University Library of Munich, Germany, number 67697, Feb, revised 07 Jun 2015.
• Alejandro Badel & Mark Huggett, 2015, "The Sufficient Statistic Approach: Predicting the Top of the Laffer Curve," Working Papers, Federal Reserve Bank of St. Louis, number 2015-38, Nov, DOI: 10.20955/wp.2015.038.
• Mauro Napoletano & Andrea Roventini & Jean Luc Gaffard, 2015, "Toward a low carbon growth in Mexico : is a double dividend possible ? A dynamic general equilibrium assessment," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE), number 2015-25, Nov.
• Antonio Bianco, 2015, "Shadow Banking, Relationship Banking, and the Economics of Depression," Working Papers, Sapienza University of Rome, DISS, number 5/15, Oct.
• Item repec:stm:wpaper:2 is not listed on IDEAS anymore

• Item repec:rnp:ppaper:dok19 is not listed on IDEAS anymore

• Rother, Philipp & Cugnasca, Alessandro, 2015, "Fiscal multipliers during consolidation: evidence from the European Union," Working Paper Series, European Central Bank, number 1863, Oct.
• Laura Coroneo, 2015, "TIPS Liquidity Premium and Quantitative Easing," Discussion Papers, Department of Economics, University of York, number 15/23, Oct.
• Halkos, George & Paizanos, Epameinondas, 2015, "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper, University Library of Munich, Germany, number 67737, Nov.
• Sergei Koulayev & Marc Rysman & Scott Schuh & Joanna Stavins, 2015, "Explaining adoption and use of payment instruments by U.S. consumers," Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics, number wp2015-004, May.
• Majid M. Al-Sadoon, 2015, "Testing Subspace Granger Causality," Working Papers, Barcelona School of Economics, number 850, Nov.
• Luis Eduardo Arango & Freddy Felipe Parra & �lvaro Jos� Pinz�n, 2015, "El ciclo econ�mico y el mercado de trabajo en Colombia: 1984 - 2014," Borradores de Economia, Banco de la Republica, number 13962, Nov.
• Carneiro, Pedro & Lopez Garcia, Italo & Salvanes, Kjell G. & Tominey, Emma, 2015, "Intergenerational Mobility and the Timing of Parental Income," IZA Discussion Papers, IZA Network @ LISER, number 9479, Nov.
• Zhongjun Qu, 2015, "A Composite Likelihood Framework for Analyzing Singular DSGE Models," Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics, number wp2015-002, Jun.
• Ferlito, Carmelo, 2015, "At the Root of Economic Fluctuations: Expectations, Preferences and Innovation. Theoretical Framework and Empirical Evidences," MPRA Paper, University Library of Munich, Germany, number 67708, Sep.
• Ferlito, Carmelo, 2014, "Il Ciclo Naturale. Perche' le fluttuazioni economiche sono inevitabili. Un'estensione schumpeteriana della teoria austriaca del ciclo economico
  [The Natural Cycle: Why Economic Fluctuations are Inevitable. A Schumpeterian Extension of the Austrian," MPRA Paper, University Library of Munich, Germany, number 67712, Jun.
• EZZAHIDI, Elhadj & El Alaoui, Aicha, 2015, "Determinants of the recent growth surge in Africa: what changed since mid-1990s?," MPRA Paper, University Library of Munich, Germany, number 67792, Nov.
• Alessandra Colombelli & Jackie Krafft & Francesco Quatraro, 2014, "High Growth Firms and Technological Knowledge: Do gazelles follow exploration or exploitation strategies?," Post-Print, HAL, number hal-00666707, Apr.
• Joshua C.C. Chan, 2015, "Specification tests for time-varying parameter models with stochastic volatility," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2015-42, Nov.
• Michael Weber & Daniel Hoang & Francesco D'Acunto, 2015, "Inflation Expectations and Consumption Expenditure," 2015 Meeting Papers, Society for Economic Dynamics, number 1266.
• Fouquet, Roger & Broadberry, Stephen, 2015, "Seven centuries of European economic growth and decline," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 63626, Oct.
• Raphael Schoenle & Michael Weber & Ernesto Pasten, 2015, "Price Rigidities in a Productive Network," 2015 Meeting Papers, Society for Economic Dynamics, number 1217.
• Howard Kung & Gonzalo Morales & Francesco Bianchi, 2015, "Monetary/Fiscal Policy Mix and Asset Prices," 2015 Meeting Papers, Society for Economic Dynamics, number 1224.
• Shakill Hassan & Merrisa Paul & Siobhan Redford, 2015, "Vulnerability to Normalization of Global Financing Conditions An Operational Approach," Working Papers, South African Reserve Bank, number 6941, Oct.
• Giacomo Rodano & Nicolas Serrano-Velarde & Emanuele Tarantino, 2015, "Lending Standards Over the Credit Cycle," Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University, number 563.
• James B. Bullard, 2015, "Five Questions on U.S. Monetary Policy," Speech, Federal Reserve Bank of St. Louis, number 255, Nov.
• Yikai Wang & Hans Holter & Marcus Hagedorn, 2015, "The Optimum Quantity of Capital and Debt," 2015 Meeting Papers, Society for Economic Dynamics, number 1220.
• Van Elk, Roel & Verspagen, Bart & Ter Weel, Bas & Van der Wiel, Karen & Wouterse, Bram, 2015, "A macroeconomic analysis of the returns to public R&D investments," MERIT Working Papers, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT), number 2015-042.
• Item repec:fpb:wpaper:1504 is not listed on IDEAS anymore

• Luigi Iovino & Jennifer La'O & George-Marios Angeletos, 2015, "The Social Value of Information in a Business-Cycle Model," 2015 Meeting Papers, Society for Economic Dynamics, number 1299.
• Francesco Sergi, 2015, "L'histoire (faussement) naïve des modèles DSGE," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL, number halshs-01222798, Sep.
• Nikolova, Milena, 2015, "Minding the Happiness Gap: Political Institutions and Perceived Quality of Life in Transition," IZA Discussion Papers, IZA Network @ LISER, number 9484, Nov.
• Charles Gottlieb & Maren Froemel, 2015, "General Equilibrium Effects of Targeted Transfers: The case of EITC," 2015 Meeting Papers, Society for Economic Dynamics, number 1264.
• Kyriakos C. Neanidis, 2015, "Volatile Capital Flows and Economic Growth: The Role of Macro-prudential Regulation," Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester, number 215.
• Strulik, Holger, 2015, "The health hump," University of Göttingen Working Papers in Economics, University of Goettingen, Department of Economics, number 263.
• Böhm, Sebastian, 2015, "Regional economic integration and factor mobility in unified Germany," FSES Working Papers, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland, number 463, Nov.
• Zhongjun Qu & Fan Zhuo, 2015, "Likelihood Ratio Based Tests for Markov Regime Switching," Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics, number wp2015-003, Oct.
• Sebastian Dyrda, 2015, "Fluctuations in uncertainty, efficient borrowing constraints and firm dynamics," 2015 Meeting Papers, Society for Economic Dynamics, number 1243.
• Hyeongwoo Kim & Wen Shi & Kwang-Myoung Hwang, 2015, "Estimating Interest Rate Setting Behavior in Korea: A Constrained Ordered Choices Model Approach," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2015-17, Nov.
• Boris B. Demeshev & Oxana A. Malakhovskaya, 2015, "Forecasting Russian Macroeconomic Indicators with BVAR," HSE Working papers, National Research University Higher School of Economics, number WP BRP 105/EC/2015.
• Gabriel Ehrlich & Jeffrey Perry, 2015, "Do Large-Scale Refinancing Programs Reduce Mortgage Defaults? Evidence From a Regression Discontinuity Design: Working Paper 2015-06," Working Papers, Congressional Budget Office, number 50871, Oct.
• Sanjay Singh & Gauti Eggertsson, 2015, "The non-linear Calvo model at the zero bound: Some analytic solutions and numerical results," 2015 Meeting Papers, Society for Economic Dynamics, number 1204.
• Nicola Viegi, 2015, "Labour Market and Monetary Policy in South Africa," Working Papers, South African Reserve Bank, number 6607, Feb.
• Item repec:rnp:ppaper:dok3 is not listed on IDEAS anymore

• Luis Eduardo Arango & Freddy Felipe Parra & Álvaro José Pinzón, 2015, "El ciclo económico y el mercado de trabajo en Colombia: 1984 - 2014," Borradores de Economia, Banco de la Republica de Colombia, number 911, Nov, DOI: 10.32468/be.911.
• Horváth, Bálint, 2015, "Essays in financial stability and public policy," Other publications TiSEM, Tilburg University, School of Economics and Management, number 9e6a078e-4278-4438-8d2c-c.
• Massimo Guidolin & Alexei G. Orlov & Manuela Pedio, 2015, "The Impact of Monetary Policy on Corporate Bonds under Regime Shifts," Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University, number 562.
• Vafa Anvari & Nelne Ehlers & Rudi Steinbach, 2014, "A semistructural approach to estimate South Africas potential output," Working Papers, South African Reserve Bank, number 6504, Nov.
• John H. Cochrane, 2015, "A New Structure for U.S. Federal Debt," Economics Working Papers, Hoover Institution, Stanford University, number 15108, May.
• Rishabh Kumar, 2015, "Savings from top incomes and accumulation in the United States context: Results from disaggregated national accounts," Working Papers, New School for Social Research, Department of Economics, number 1524, Nov.
• Vermeulen, Philip & Buca, Andra, 2015, "Corporate investment and bank-dependent borrowers during the recent financial crisis," Working Paper Series, European Central Bank, number 1859, Oct.
• Izu, Akhenaton & Motanda, Verlin, 2015, "Quid de l’instabilité gouvernementale sur la croissance économique ?
  [Does the government instability has an impact on the economic growth?]," MPRA Paper, University Library of Munich, Germany, number 67802, Apr, revised 20 Jun 2015.
• David Rappoport & Alexandros Vardoulakis & David Arseneau, 2015, "Secondary Market Liquidity and the Optimal Capital Structure," 2015 Meeting Papers, Society for Economic Dynamics, number 1274.
• Matteo Cacciatore & Giuseppe Fiori, 2015, "Online Appendix to "The Macroeconomic Effects of Goods and Labor Marlet Deregulation"," Online Appendices, Review of Economic Dynamics, number 14-313.
• Georges Prat, 2015, "Rueff, Allais, et le chômage d’équilibre," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2015-30.
• Hertrich, Markus, 2015, "Does Credit Risk Impact Liquidity Risk? Evidence from Credit Default Swap Markets," MPRA Paper, University Library of Munich, Germany, number 67837, Sep.
• Katarina Borovickova & Jaroslav Borovicka, 2015, "Discount rates and employment fluctuations," 2015 Meeting Papers, Society for Economic Dynamics, number 1273.

Report NEP-MAC-2015-11-15

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: