Report NEP-MAC-2016-01-03

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:

• David Rosnick & Mark Weisbrot, 2015, "Has Austerity Worked in Spain?," CEPR Reports and Issue Briefs, Center for Economic and Policy Research (CEPR), number 2015-27, Dec.
• Marine Charlotte André & Meixing Dai, 2015, "Central bank accountability under adaptive learning," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2015-32.
• Klara Halova & Roman Horvath, 2015, "International Spillovers of ECB’s Unconventional Monetary Policy: The Effect on Central and Eastern Europe," Working Papers, Leibniz Institut für Ost- und Südosteuropaforschung (Leibniz Institute for East and Southeast European Studies), number 351, Oct.
• Gjelsvik, Marit Linnea & Nymoen, Ragnar & Sparrman, Victoria, 2015, "Have Inflation Targeting and EU labour Immigration Changed the System of Wage Formation in Norway," Memorandum, Oslo University, Department of Economics, number 18/2015, Oct.
• Item repec:upd:utppwp:058 is not listed on IDEAS anymore

• Francesco Saraceno & Roberto Tamborini, 2015, "How can it work? On the impact of quantitative easing in the Eurozone," DEM Working Papers, Department of Economics and Management, number 2015/03.
• Item repec:upd:utppwp:060 is not listed on IDEAS anymore

• Aleksandra Halka, 2015, "Lessons from the crisis.Did central banks do their homework?," NBP Working Papers, Narodowy Bank Polski, number 224.
• Konstantinos Theodoridis & Haroon Mumtaz, 2015, "Dynamic Effects of Monetary Policy Shocks on Macroeconomic Volatility," Working Papers, Lancaster University Management School, Economics Department, number 101219932.
• Söderberg, Johan, 2015, "Seasonality in the Frequency of Price Change and Optimal Monetary Policy," Research Papers in Economics, Stockholm University, Department of Economics, number 2015:11, Dec.
• Fernando Uscátegui & Mike Woodcock & Carlos M�ndez, 2015, "An Approach About Monetary Policy Risk Balance In Colombia: A Multivariate Analysis Based On Time Series," Econógrafos, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 14168, Dec.
• Tsoulfidis, Lefteris, 2008, "Keynes on the Marginal Efficiency of Capital and the Great Depression," MPRA Paper, University Library of Munich, Germany, number 68539, revised 2015.
• Claudio, Morana, 2015, "The US$/€ exchange rate: Structural modeling and forecasting during the recent financial crises," Working Papers, University of Milano-Bicocca, Department of Economics, number 321, Dec, revised 28 Dec 2015.
• Krug, Sebastian, 2015, "The interaction between monetary and macroprudential policy: Should central banks "lean against the wind" to foster macrofinancial stability?," Economics Working Papers, Christian-Albrechts-University of Kiel, Department of Economics, number 2015-08.
• Gabrisch, Hubert, 2015, "Cross-border finance, trade imbalances and competitiveness in the euro area," MPRA Paper, University Library of Munich, Germany, number 68518, Dec.
• Todd Keister & Antoine Martin & James J. McAndrews, 2015, "Floor systems and the Friedman rule: the fiscal arithmetic of open market operations," Staff Reports, Federal Reserve Bank of New York, number 754, Dec.
• Dräger, Lena & Proaño, Christian R., 2015, "Cross-border banking and business cycles in asymmetric currency unions," BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group, number 105.
• Charles T. Carlstrom & Timothy S. Fuerst, 2015, "Macro Credit Policy and the Financial Accelerator," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1531, Dec, DOI: 10.26509/frbc-wp-201531.
• Surico, Paolo & Cloyne, James & Ferreira, Clodomiro, 2015, "Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11023, Dec.
• Owen F. Humpage & Sanchita Mukherjee, 2015, "Even Keel and the Great Inflation," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1532, Dec, DOI: 10.26509/frbc-wp-201532.
• Jesus Felipe & Noli Sotocinal & Connie Bayudan-Dacuycuy, 2015, "The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth," ADB Economics Working Paper Series, Asian Development Bank, number 457, Oct.
• Guner, Nezih & Ventura, Gustavo & Parkhomenko, Andrii, 2015, "Managers and Productivity Differences," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11012, Dec.
• Guner, Nezih & Parkhomenko, Andrii & Ventura, Gustavo, 2015, "Managers and Productivity Differences," IZA Discussion Papers, Institute of Labor Economics (IZA), number 9586, Dec.
• McMahon, Michael & Hansen, Stephen, 2015, "Shocking language: Understanding the macroeconomic effects of central bank communication," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11018, Dec.
• David Wiczer, 2015, "Long-Term Unemployment: Attached and Mismatched?," Working Papers, Federal Reserve Bank of St. Louis, number 2015-42, Dec, DOI: 10.20955/wp.2015.042.
• Item repec:upd:utppwp:059 is not listed on IDEAS anymore

• Riccardo Pariboni, 2015, "Autonomous demand and the Marglin-Bhaduri model: a critical note," Department of Economics University of Siena, Department of Economics, University of Siena, number 715, Aug.
• Munechika Katayama & Kwang Hwan Kim, 2015, "Inter-sectoral Labor Immobility, Sectoral Co-movement, and News Shocks," Discussion papers, Graduate School of Economics , Kyoto University, number e-15-011, Dec.
• Aleksandra Hałka & Karol Szafranek, 2015, "Whose inflation is it anyway? The inflation spillovers between the euro area and small open economies," NBP Working Papers, Narodowy Bank Polski, number 223.
• Nikolaos Antonakakis & Periklis Gogas & Theophilos Papadimitriou & Georgios Sarantitis, 2015, "International Business Cycle Synchronization Since the 1870s: Evidence from a Novel Network Approach," DUTH Research Papers in Economics, Democritus University of Thrace, Department of Economics, number 2-2015, Dec.
• Rangan Gupta & Charl Jooste, 2015, "Unconventional Monetary Policy Shocks in OECD Countries: How Important is the Extent of Policy Uncertainty?," Working Papers, University of Pretoria, Department of Economics, number 201587, Nov.
• Vayanos, Dimitri & Greenwood, Robin & Hanson, Samuel G, 2015, "Forward Guidance in the Yield Curve: Short Rates versus Bond Supply," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11005, Dec.
• Miura, Shinji, 2015, "Graphic explanation for welfare economic foundation of hoarding loss," MPRA Paper, University Library of Munich, Germany, number 68551, Dec.
• Müller, Gernot & Wolf, Martin & Kuvshinov, Dmitry, 2015, "Deleveraging, deflation and depreciation in the euro area," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11015, Dec.
• Woodford, Michael & Cúrdia, Vasco, 2015, "Credit Frictions and Optimal Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11016, Dec.
• Nagore García, Amparo & van Soest, Arthur, 2015, "New Job Matches and Their Stability Before and During the Crisis," IZA Discussion Papers, Institute of Labor Economics (IZA), number 9574, Dec.
• Feld, Lars P. & Köhler, Ekkehard A., 2015, "Is Switzerland an interest rate island after all? Time series and non-linear switching regime evidence," Freiburg Discussion Papers on Constitutional Economics, Walter Eucken Institut e.V., number 15/08.
• Álvaro Zerda Sarmiento, 2015, "La economía de Colombia, entre la apertura y el extractivismo," Documentos de Trabajo, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 14166, Dec.
• Leonardo Nogueira Ferreira & Márcio Issao Nakane, 2015, "Macroprudential Policy in a DSGE Model: anchoring the countercyclical capital buffer," Working Papers, Department of Economics, University of São Paulo (FEA-USP), number 2015_45, Dec.
• B. Camara & F.-D. Castellani & H. Fraisse & L. Frey & C. Héam & L. Labonne & V. Martin, 2015, "MERCURE : A Macroprudential Stress Testing Model developed at the ACPR," Débats Economiques et financiers, Banque de France, number 19.
• Arora, Vipin, 2015, "Consumer Credit, Oil Prices, and the U.S. Economy," MPRA Paper, University Library of Munich, Germany, number 68563, Dec.
• Anaya, Pablo & Hachula, Michael & Offermanns, Christian, 2015, "Spillovers of U.S. unconventional monetary policy to emerging markets: The role of capital flows," Discussion Papers, Free University Berlin, School of Business & Economics, number 2015/35.
• Skreta, Vasiliki & Giacomini, Raffaella & Turén, Javier, 2015, "Models, Inattention and Expectation Updates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11004, Dec.
• Battaile,William G. & Hernandez,Fernando Leonardo & Norambuena,Vivian, 2015, "Debt sustainability in Sub-Saharan Africa : unraveling country-specific risks," Policy Research Working Paper Series, The World Bank, number 7523, Dec.
• Proaño, Christian R. & Lojak, Benjamin, 2015, "Debt stabilization and macroeconomic volatility in monetary unions under heterogeneous sovereign risk perceptions," BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group, number 106.
• Katsurako Sonoda & Nao Sudo, 2015, "Is macroprudential policy instrument blunt?," Bank of Japan Working Paper Series, Bank of Japan, number 15-E-11, Dec.
• Sebastian Edwards & Francis A. Longstaff & Alvaro Garcia Marin, 2015, "The U.S. Debt Restructuring of 1933: Consequences and Lessons," NBER Working Papers, National Bureau of Economic Research, Inc, number 21694, Nov.
• Khraief, Naceur & Shahbaz, Muhammad & Heshmati, Almas & Azam, Muhammad, 2015, "Are Unemployment Rates in OECD Countries Stationary? Evidence from Univariate and Panel Unit Root Tests," IZA Discussion Papers, Institute of Labor Economics (IZA), number 9571, Dec.
• Zeyyad Mandalinci, 2015, "Forecasting Inflation in Emerging Markets: An Evaluation of Alternative Models," CReMFi Discussion Papers, CReMFi, School of Economics and Finance, QMUL, number 3, Dec.
• Sun, Lixin & Huang, Yuqin, 2013, "Measuring the Instability of China’s Financial System: Indices Construction and an Early Warning System," MPRA Paper, University Library of Munich, Germany, number 68497, revised 2014.
• Jean-Pierre Allegret & Audrey Sallenave, 2015, "The Role of International Reserves Holding in Buffering External Shocks," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2015-41.
• Pawel Baranowski & Zbigniew Kuchta, 2015, "Changes in nominal rigidities in Poland – a regime switching DSGE perspective," Lodz Economics Working Papers, University of Lodz, Faculty of Economics and Sociology, number 6/2015, Dec.
• Nikolaos Antonakakis & Rangan Gupta & Aviral Kumar Twari, 2015, "Time-Varying Correlations between Trade Balance and Stock Prices in the United States over the Period 1792 to 2013," Working Papers, University of Pretoria, Department of Economics, number 2015100, Dec.
• Mikhail V. Oet & Stephen J. Ong, 2015, "From Organization to Activity in the US Collateralized Interbank Market," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1529, Dec, DOI: 10.26509/frbc-wp-201529.
• Klaus Schmidt-Hebbel & José Carlos Tello, 2014, "The Political Economy of Growth, Inequality, the Size and Composition of Government Spending," Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile., number 453.
• Roman Horvath & Dominika Katuscakova, 2015, "Transparency and Trust: The Case of the European Central Bank," Working Papers, Leibniz Institut für Ost- und Südosteuropaforschung (Leibniz Institute for East and Southeast European Studies), number 352, Oct.
• Richard Ashley & Randal J. Verbrugge, 2015, "Persistence Dependence in Empirical Relations: The Velocity of Money," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1530, Dec, DOI: 10.26509/frbc-wp-201530.
• Benno Ferrarini & Arief Ramayandi, 2015, "Public Debt Sustainability in Developing Asia: An Update," ADB Economics Working Paper Series, Asian Development Bank, number 468, Dec.
• Ludwig, Johannes, 2015, "Is there heterogeneity in the response of consumption to income shocks?," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 595, DOI: 10.4419/86788691.
• Miura, Shinji, 2015, "Unified money circulation equation and an analogical explanation for its solvability," MPRA Paper, University Library of Munich, Germany, number 68550, Oct, revised 27 Dec 2015.
• Levrero, Enrico Sergio, 2015, "An initial 'Keynesian illness'? Friedman on taxation and the inflationary gap," MPRA Paper, University Library of Munich, Germany, number 68547, Dec.
• Yunmin Chen & YiLi Chien & Michael T. Owyang, 2015, "Individual and Aggregate Constrained Efficient Intertemporal Wedges in Dynamic Mirrleesian Economies," Working Papers, Federal Reserve Bank of St. Louis, number 2015-43, Dec, DOI: 10.20955/wp.2015.043.
• Jan Tore Klovland & Lars Fredrik Øksendal, 2015, "The decentralised central bank: regional bank rate autonomy in Norway, 1850-1892," Working Paper, Norges Bank, number 2015/20, Dec.
• Stefano Bosi & David Desmarchelier, 2015, "Limit Cycles under a Negative Effect of Pollution on Consumption Demand: The Role of an Environmental Kuznets Curve," CEEES Paper Series, European University at St. Petersburg, Department of Economics, number CE3S-03/15, Nov.
• Allan H. Meltzer, 2015, "Karl Brunner, Scholar: An Appreciation," Economics Working Papers, Hoover Institution, Stanford University, number 15116, Oct.
• Klaus Schmidt-Hebbel & Raimundo Soto & Ibrahim A. Elbadawi, 2014, "Why Do Countries Have Fiscal Rules?," Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile., number 452.
• KACI, Said & ACHOUCHE, Mohamed, 2015, "Dépenses publiques et croissance économique en Algérie: approche par un modèle de contrôle optimal
  [Public expenditure and economic growth in Algeria: approach by optimal control model]," MPRA Paper, University Library of Munich, Germany, number 68499, Dec.
• Shang-Jin Wei & Xiaobo Zhang, 2015, "The Competitive Saving Motive: Concept, Evidence, and Implications," ADB Economics Working Paper Series, Asian Development Bank, number 465, Nov.
• Giorgio Calcagnini & Germana Giombini & Giuseppe Travaglini, 2015, "The productivity gap among European countries," Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, number 1510, revised 2015.
• Lise Clain-Chamosset-Yvrard & Takashi Kamihigashi, 2015, "International Transmission of Bubble Crashes in a Two-Country Overlapping Generations," Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University, number DP2015-43, Dec.
• Tatiana Didier & M. Ayhan Kose & Franziska Ohnsorge & Lei Sandy Ye, 2015, "Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 1529, Dec.
• Nagayasu, Jun, 2015, "Regional Inflation and Consumption Behaviors," MPRA Paper, University Library of Munich, Germany, number 68566, Dec.
• Roos, Michael W. M., 2015, "The macroeconomics of radical uncertainty," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 592, DOI: 10.4419/86788687.
• Monokroussos, George, 2015, "Nowcasting in Real Time Using Popularity Priors," MPRA Paper, University Library of Munich, Germany, number 68594, Nov.
• Matteo Luciani & Madhavi Pundit & Arief Ramayandi & Giovanni Veronese, 2015, "Nowcasting Indonesia," ADB Economics Working Paper Series, Asian Development Bank, number 471, Dec.
• Sambracos, Evangelos & Maniati, Marina, 2015, "Analysis of Financial Crisis Results on Dry Bulk Market & Financing," MPRA Paper, University Library of Munich, Germany, number 68601, May.
• James B. Bullard, 2015, "A Hat Trick for the FOMC," Speech, Federal Reserve Bank of St. Louis, number 259, Dec.
• Shushanik Papanyan, 2015, "Digitization and Productivity: Measuring Cycles of Technological Progress," Working Papers, BBVA Bank, Economic Research Department, number 15/33, Dec.
• Javier G. Gómez-Pineda, 2015, "La inflación bajo una perspectiva monetaria: Colombia: 1951-1963 / Inflation under a monetary framework: Colombia, 1951–1963," Borradores de Economia, Banco de la Republica de Colombia, number 921, Dec, DOI: 10.32468/be.921.
• Shigeru FUJITA & Ippei FUJIWARA, 2015, "Declining Trends in the Real Interest Rate and Inflation: Role of aging," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 15140, Dec.
• Khan, Karim, 2015, "Extractive Institutional Structure and Economic Development: Evidence from Nigeria," MPRA Paper, University Library of Munich, Germany, number 68559, Dec.
• Yuri Yatsenko, 2015, "Models and Games with Adaptation and Mitigation," CEEES Paper Series, European University at St. Petersburg, Department of Economics, number CE3S-01/15, Nov.
• Sakiko Tanaka & Christopher Spohr & Sandra D’Amico, 2015, "Myanmar Human Capital Development, Employment, and Labor Markets," ADB Economics Working Paper Series, Asian Development Bank, number 469, Dec.
• Stelios D. Bekiros & Alessia Paccagnini, 2015, "Macroprudential policy and forecasting using Hybrid DSGE models with financial frictions and State space Markov-Switching TVP-VARs," Open Access publications, School of Economics, University College Dublin, number 10197/7333, Oct.
• Malte Rieth, 2015, "Can Central Banks Successfully Lean against Global Headwinds?," DIW Roundup: Politik im Fokus, DIW Berlin, German Institute for Economic Research, number 88.
• SATO Motohiro & OGURO Kazumasa, 2015, "Construction and Analysis of a Basic Macro-economic and Earthquake Disaster Model with a Supply Chain Framework and Constraints in Finance Lending Capacity," ESRI Discussion paper series, Economic and Social Research Institute (ESRI), number 324, Dec.
• Holton, Niamh & O'Neill, Donal, 2015, "The Changing Nature of Irish Wage Inequality from Boom to Bust," IZA Discussion Papers, Institute of Labor Economics (IZA), number 9580, Dec.
• Roc Armenter, 2015, "On the use of market-based probabilities for policy decisions," Working Papers, Federal Reserve Bank of Philadelphia, number 15-44, Dec.
• Daniele Girardi & Riccardo Pariboni, 2015, "Autonomous demand and economic growth:some empirical evidence," Department of Economics University of Siena, Department of Economics, University of Siena, number 714, Aug.
• Burret, Heiko T. & Feld, Lars P. & Köhler, Ekkehard A., 2015, "(Un-)Sustinability of public finances in German Laender: A panel time series approach," Freiburg Discussion Papers on Constitutional Economics, Walter Eucken Institut e.V., number 15/09.
• Rangan Gupta & Mark E. Wohar, 2015, "Forecasting Oil and Stock Returns with a Qual VAR using over 150 Years of Data," Working Papers, University of Pretoria, Department of Economics, number 201589, Dec.
• Sun, Lixin, 2015, "China’s Debt: Structure, Determinants and Sustainability," MPRA Paper, University Library of Munich, Germany, number 68548, Aug, revised Oct 2015.
• Dmitry I. Malakhov & Nikolay P. Pilnik & Igor G. Pospelov, 2015, "Stability of Distribution of Relative Sizes of Banks as an Argument for the Use of the Representative Agent Concept," HSE Working papers, National Research University Higher School of Economics, number WP BRP 116/EC/2015.
• Mehmet Balcilar & Rangan Gupta & Clement Kyei & Mark Wohar, 2015, "Does Economic Policy Uncertainty Predict Exchange Rate Returns and Volatility? Evidence from a Nonparametric Causality-in-Quantiles Test," Working Papers, University of Pretoria, Department of Economics, number 201599, Dec.
• Jean-Charles BRICONGNE, 2015, "The Quantity Theory of Money Revisited: The Improved Short-Term Predictive Power of Household Money Holdings with Regard to Prices," LEO Working Papers / DR LEO, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans, number 2296.
• Den Haan, Wouter & Rendahl, Pontus & Kobielarz, Michal, 2015, "Exact Present Solution with Consistent Future Approximation: A Gridless Algorithm to Solve Stochastic Dynamic Models," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10999, Dec.
• Paul Mizen & Veronica Veleanu, 2015, "On the Information Flow from Credit Derivatives to the Macroeconomy," Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM), number 2015/21.
• McQuinn, Kieran, 2015, "European Fiscal Policy During the Crisis: An Irish Perspective," Research Notes, Economic and Social Research Institute (ESRI), number RN2015/3/3, Sep.
• Fábio Martins Serrano & Márcio Issao Nakane, 2015, "Impacto regional da política monetária no Brasil: uma abordagem Bayesiana," Working Papers, Department of Economics, University of São Paulo (FEA-USP), number 2015_44, Dec.
• Barenberg, Andrew J. & Basu, Deepankar & Soylu, Ceren, 2015, "The Effect of Public Health Expenditure on Infant Mortality: Evidence from a Panel of Indian States, 1983-84 to 2011-12," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics, number 2015-19.
• Reinhart, Carmen & Trebesch, Christoph, 2015, "The International Monetary Fund: 70 Years of Reinvention," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 10998, Dec.
• Item repec:cte:wbrepe:wb1503 is not listed on IDEAS anymore

• Takatoshi ITO & Junko SHIMIZU, 2015, "Challenges of the Japanese Economy: From the viewpoint of international macroeconomics (Japanese)," Policy Discussion Papers (Japanese), Research Institute of Economy, Trade and Industry (RIETI), number 15019, Nov.

Report NEP-MAC-2016-01-03

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: