Report NEP-MAC-2016-04-04

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:

• Dario Caldara & Cristina Fuentes-Albero & Simon Gilchrist & Egon Zakrajšek, 2016. "The Macroeconomic Impact of Financial and Uncertainty Shocks," NBER Working Papers 22058, National Bureau of Economic Research, Inc.
• Sarunas Girdenas, 2016. "A Note on Simple Monetary Policy Rules with Labour Market and Financial Frictions," Discussion Papers 1601, University of Exeter, Department of Economics.
• Fabian Winkler, 2016. "The Role of Learning for Asset Prices and Business Cycles," Finance and Economics Discussion Series 2016-019, Board of Governors of the Federal Reserve System (U.S.).
• Martin Feldkircher & Florian Huber, 2016. "Unconventional US Monetary Policy: New Tools, Same Channels?," Department of Economics Working Papers wuwp222, Vienna University of Economics and Business, Department of Economics.
• Kollmann, Robert & Vogel, Lukas, 2015. "Discussion of ‘Market Reforms in the Time of Imbalance’ (M. Cacciatore, R.Duval, G. Fiori, F. Ghironi)," MPRA Paper 70194, University Library of Munich, Germany.
• Kang Dae Woong & Nick Ligthart & Ashoka Mody, 2015. "The European Central Bank: Building a Shelter in a Storm," Working Papers 248, Princeton University, Department of Economics, Center for Economic Policy Studies..
• Krebs, Tom & Scheffel, Martin, 2016. "Structural Reform in Germany," IZA Discussion Papers 9787, Institute of Labor Economics (IZA).
• Gary Gorton & Ellis W. Tallman, 2016. "Too-Big-To-Fail Before the Fed," NBER Working Papers 22064, National Bureau of Economic Research, Inc.
• Tanweer Akram, 2016. "Japan's Liquidity Trap," Economics Working Paper Archive wp_862, Levy Economics Institute.
• Mehmet Balcilar & Riza Demirer & Rangan Gupta & Reneé van Eyden, 2016. "Effectiveness of Monetary Policy in the Euro Area: The Role of US Economic Policy Uncertainty," Working Papers 201620, University of Pretoria, Department of Economics.
• Troy Davig & Refet S. Gürkaynak, 2015. "Is optimal monetary policy always optimal?," Research Working Paper RWP 15-5, Federal Reserve Bank of Kansas City.
• De Koning, Kees, 2016. "Are countries prepared for the next recession?," MPRA Paper 70209, University Library of Munich, Germany.
• Canofari, Paolo & Marini, Giancarlo & Piersanti, Giovanni, 2014. "Expectations and Systemic Risk in EMU Government Bond Spreads," LEAP Working Papers 2014/1, Luiss Institute for European Analysis and Policy.
• Cardaci, Alberto & Saraceno, Francesco, 2016. "Inequality, Financialisation and Credit Booms - a Model of Two Crises," LEAP Working Papers 2016/2, Luiss Institute for European Analysis and Policy.
• Kohlbrecher, Britta & Merkl, Christian, 2016. "Business Cycle Asymmetries and the Labor Market," IZA Discussion Papers 9816, Institute of Labor Economics (IZA).
• Shigeto Kitano & Kenya Takaku, 2016. "Capital Controls as a Credit Policy Tool in a Small Open Economy," Discussion Paper Series DP2016-11, Research Institute for Economics & Business Administration, Kobe University, revised Jul 2017.
• Stephanos Papadamou & Moïse Sidiropoulos & Eleftherios Spyromitros, 2016. "Central Bank Independence and the Dynamics of Public Debt?," Working Papers of BETA 2016-15, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Brent Bundick & Andrew Lee Smith, 2016. "The dynamic effects of forward guidance shocks," Research Working Paper RWP 16-2, Federal Reserve Bank of Kansas City.
• BLINOV, Sergey, 2016. "Negative Consequences of Smooth Devaluation," MPRA Paper 70292, University Library of Munich, Germany.
• Dieter Nautz & Aleksei Netsunajev & Till Strohsal, 2016. "Aggregate Employment, Job Polarization and Inequalities: A Transatlantic Perspective," SFB 649 Discussion Papers SFB649DP2016-015, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
• Kim, Minseong, 2016. "Futures market approach to understanding equity premium puzzle," MPRA Paper 70310, University Library of Munich, Germany.
• Carlos Viana de Carvalho & André D. Vilela, 2015. "What if Brazil Hadn't Floated the Real in 1999?," Textos para discussão 647, Department of Economics PUC-Rio (Brazil).
• Alessandra Bonfiglioli & Gino Gancia, 2015. "Economic Uncertainty and Structural Reforms," Working Papers 847, Barcelona School of Economics.
• Hafedh BOUAKEZ & Rigas OIKONOMOU & Romanos PRIFTIS, 2016. "Optimal Debt Management in a Liquidity Trap," LIDAM Discussion Papers IRES 2016005, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Stephanos Papadamou & Moïse Sidiropoulos & Eleftherios Spyromitros, 2016. "Does Central Bank Independence Affect Stock Market Volatility?," Working Papers of BETA 2016-14, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Jesús Rodríguez-López & Gustavo A. Marrero & Rosa Marina González-Marrero & Teresa Leal-Linares, 2016. "Road accidents and business cycles in Spain," Working Papers 16.05, Universidad Pablo de Olavide, Department of Economics.
• Amat Adarov & Vasily Astrov & Serkan Çiçek & Rumen Dobrinsky & Vladimir Gligorov & Doris Hanzl-Weiss & Peter Havlik & Mario Holzner & Gabor Hunya & Simona Jokubauskaite & Sebastian Leitner & Isilda Ma, 2016. "Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession," wiiw Forecast Reports Spring2016, The Vienna Institute for International Economic Studies, wiiw.
• Ismael, Mohanad & Sadeq, Tareq, 2016. "Does Phillips Exist in Palestine? An Empirical Evidence," MPRA Paper 70245, University Library of Munich, Germany.
• Elliot Aurissergues, 2016. "Demand shocks, new keynesian model and supply effects of monetary policy," Working Papers halshs-01288980, HAL.
• Katharina Greulich & Sarolta Laczó & Albert Marcet, 2016. "Pareto-Improving Optimal Capital and Labor Taxes," Working Papers 887, Barcelona School of Economics.
• Gourinchas, Pierre-Olivier & Caballero, Ricardo & Farhi, Emmanuel, 2016. "Safe Asset Scarcity and Aggregate Demand," CEPR Discussion Papers 11170, C.E.P.R. Discussion Papers.
• Vesna Stojcevska & Mite Miteski, 2016. "Assessment of the Impact of Fiscal Policy on the Current Account – the Twin Deficit Hypothesis in the Case of Macedonian Economy," Working Papers 2016-01, National Bank of the Republic of North Macedonia.
• Antonio Acconcia & Giancarlo Corsetti & Saverio Simonelli, 2015. "The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes," Cambridge Working Papers in Economics 1553, Faculty of Economics, University of Cambridge.
• Roberto Torrini, 2016. "Labour, profit and housing rent shares in Italian GDP: long-run trends and recent patterns," Questioni di Economia e Finanza (Occasional Papers) 318, Bank of Italy, Economic Research and International Relations Area.
• Potjagailo, Galina, 2016. "Spillover effects from euro area monetary policy across the EU: A factor-augmented VAR approach," Kiel Working Papers 2033, Kiel Institute for the World Economy (IfW Kiel).
• Gani Ramadani & Nikola Naumovski, 2014. "Wage and Price Setting in Macedonia: Evidence from Survey Data," Working Papers 2015-05, National Bank of the Republic of North Macedonia.
• Brant Abbott & Giovanni Gallipoli & Costas Meghir & Giovanni L. Violante, 2013. "Education Policy�and Intergenerational Transfers in Equilibrium," Cowles Foundation Discussion Papers 1887R, Cowles Foundation for Research in Economics, Yale University, revised Mar 2016.
• Paul Cashin & Kamiar Mohaddes & Mehdi Raissi, 2016. "China’s slowdown and global financial market volatility: is world growth losing out?," Globalization Institute Working Papers 270, Federal Reserve Bank of Dallas.
• Hazama, Makoto & Hosono, Kaoru & Uesugi, Iichiro, 2016. "The Effect of Real Estate Prices on Banks' Lending Channel," HIT-REFINED Working Paper Series 53, Institute of Economic Research, Hitotsubashi University.
• Michele Piffer, 2016. "Monetary Policy and Defaults in the US," Discussion Papers of DIW Berlin 1559, DIW Berlin, German Institute for Economic Research.
• Mirko Armiento, 2016. "The Sustainable Welfare Index for Italy, 1960-2013," Working Papers 1601, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.
• William R. Cline, 2016. "Benefits and Costs of Higher Capital Requirements for Banks," Working Paper Series WP16-6, Peterson Institute for International Economics.
• Stefan Avdjiev & Elod Takats, 2016. "Monetary policy spillovers and currency networks in cross-border bank lending," BIS Working Papers 549, Bank for International Settlements.
• Ono, Arito & Aoki, Kosuke & Nishioka, Shinichi & Shintani, Kohei & Yasui, Yosuke, 2018. "Long-term interest rates and bank loan supply: Evidence from firm-bank loan-level data," HIT-REFINED Working Paper Series 43, Institute of Economic Research, Hitotsubashi University.
• Ojo, Marianne, 2016. "E commerce as a tool for resource expansion: postal partnerships, data protection legislation and the mitigation of implementation gaps," MPRA Paper 70175, University Library of Munich, Germany.
• Kuga Iakov & Elena Kuzmina, 2016. "Covered interest parity: evidence from Russian money market," EERC Working Paper Series 16/01e, EERC Research Network, Russia and CIS.
• Reinhart, Carmen M. & Trebesch, Christoph, 2015. "The International Monetary Fund: 70 Years of Reinvention," Discussion Papers in Economics 26564, University of Munich, Department of Economics.
• Castro, César & Jiménez-Rodríguez, Rebeca, 2016. "Oil price pass-through along the price chain in the euro area," MPRA Paper 70227, University Library of Munich, Germany.
• Bittschi, Benjamin & Borgloh, Sarah & Moessinger, Marc-Daniel, 2016. "On tax evasion, entrepreneurial generosity and fungible assets," ZEW Discussion Papers 16-024, ZEW - Leibniz Centre for European Economic Research.
• Angelov, Aleks & Vasilev, Aleksandar, 2016. "Using Computer Simulators for Teaching Macroeconomics at the Undergraduate Level," EconStor Preprints 129504, ZBW - Leibniz Information Centre for Economics.
• Njindan Iyke, Bernard, 2016. "Are Monetary Policy Disturbances Important in Ghana? Some Evidence from Agnostic Identification," MPRA Paper 70205, University Library of Munich, Germany.
• Mehlum, Halvor & Torvik, Ragnar & Valente, Simone, 2016. "The Savings Multiplier," MPRA Paper 70124, University Library of Munich, Germany.
• Sargsyan Hayk, 2016. "Determinants of Monetary Transmission in Armenia," EERC Working Paper Series 16/02e, EERC Research Network, Russia and CIS.
• Yulei Luo & Jun Nie & Eric Young, 2015. "Robust permanent income in general equilibrium," Research Working Paper RWP 15-14, Federal Reserve Bank of Kansas City.
• Claudio Borio & Marco Jacopo Lombardi & Fabrizio Zampolli, 2016. "Fiscal sustainability and the financial cycle," BIS Working Papers 552, Bank for International Settlements.
• Richard G. Anderson & Michael Bordo & John V. Duca, 2016. "Money and Velocity During Financial Crises: From the Great Depression to the Great Recession," NBER Working Papers 22100, National Bureau of Economic Research, Inc.
• José Ramón García & Valeri Sorolla, 2016. "The Calmfors-Driffill Hypothesis with Labour Market Frictions and Regulated Goods Markets," Working Papers 889, Barcelona School of Economics.
• Ichiro Muto & Nao Sudo & Shunichi Yoneyama, "undated". "Productivity Slowdown in Japan's Lost Decades: How Much of It Can Be Attributed to Damaged Balance Sheets?," Bank of Japan Working Paper Series 16-E-3, Bank of Japan.
• Tang, Maggie May-Jean, 2016. "A Review of the Literature on Monetary Neutrality," MPRA Paper 70113, University Library of Munich, Germany.
• Kris James Mitchener & Gary Richardson, 2016. "Network Contagion and Interbank Amplification during the Great Depression," NBER Working Papers 22074, National Bureau of Economic Research, Inc.
• Asongu, Simplice & Tchamyou, Vanessa, 2015. "Mobile Phones in Conflicts of Financial Intermediation," MPRA Paper 70242, University Library of Munich, Germany, revised Dec 2015.
• Asongu, Simplice, 2015. "Addressing a Root Cause of Sub Saharan Africa’s Poverty Tragedy: Horizons for post-2015 Common Capital Flight Policies," MPRA Paper 70241, University Library of Munich, Germany.
• Patrick T. Harker, 2016. "Growth and the role of economic policies," Speech 117, Federal Reserve Bank of Philadelphia.
• Dr. Alain Galli, 2016. "How reliable are cointegration-based estimates for wealth effects on consumption? Evidence from Switzerland," Working Papers 2016-03, Swiss National Bank.
• Pawe{l} Smaga & Mateusz Wili'nski & Piotr Ochnicki & Piotr Arendarski & Tomasz Gubiec, 2016. "Can banks default overnight? Modeling endogenous contagion on O/N interbank market," Papers 1603.05142, arXiv.org.
• Vasco M. Carvalho & Basile Grassi, 2016. "Large Firm Dynamics and the Business Cycle," Cambridge Working Papers in Economics 1556, Faculty of Economics, University of Cambridge.
• Juan Carlos Escanciano & Stefan Hoderlein & Arthur Lewbel & Oliver Linton, 2015. "Nonparametric Euler Equation Identification andEstimation," Cambridge Working Papers in Economics 1560, Faculty of Economics, University of Cambridge.
• Federica Ciocchetta & Wanda Cornacchia & Roberto Felici & Michele Loberto, 2016. "Assessing financial stability risks from the real estate market in Italy," Questioni di Economia e Finanza (Occasional Papers) 323, Bank of Italy, Economic Research and International Relations Area.
• Marco Airaudo & Edward F Buffie & Luis-Felipe Zanna, 2016. "Inflation Targeting and Exchange Rate Management In Less Developed Countries," IMF Working Papers 16/55, International Monetary Fund.
• Karim Barhoumi & Reda Cherif & Nooman Rebei, 2016. "Stochastic Trends, Debt Sustainability and Fiscal Policy," IMF Working Papers 16/59, International Monetary Fund.
• Michelle Lewis, 2016. "Inflation expectations curve: a tool for monitoring inflation expectations," Reserve Bank of New Zealand Analytical Notes series AN2016/01, Reserve Bank of New Zealand.
• Dalvai, Wilfried, 2016. "Urban costs, wages, and selection," Thuenen-Series of Applied Economic Theory 144, University of Rostock, Institute of Economics.
• Esposito, Piero & Messori, Marcello, 2016. "Improved Structural Competitiveness or Deep Recession? On the recent macroeconomic rebalances in the EMU," LEAP Working Papers 2016/3, Luiss Institute for European Analysis and Policy.
• Zineddine Alla & Raphael A Espinoza & Atish R. Ghosh, 2016. "Unconventional Policy Instruments in the New Keynesian Model," IMF Working Papers 16/58, International Monetary Fund.
• Inderst, Georg, 2015. "Social infrastructure investment: private finance and institutional investors," MPRA Paper 69504, University Library of Munich, Germany.
• Bukvić, Rajko & Pavlović, Radica, 2014. "Неокласична Економска Теорија И Проблеми Економског Развоја [Neoclassical economic theory and the problems of economic development]," MPRA Paper 70092, University Library of Munich, Germany, revised 08 Apr 2014.
• Matteo Barigozzi & Marco Lippi & Matteo Luciani, 2016. "Dynamic Factor Models, Cointegration, and Error Correction Mechanisms," Finance and Economics Discussion Series 2016-018, Board of Governors of the Federal Reserve System (U.S.).
• 江上, 雅彦 & 細野, 薫, 2016. "証券化による発行者の資産リスクの変動と資本市場の評価―J-Reitのケース・スタディ―," HIT-REFINED Working Paper Series 54, Institute of Economic Research, Hitotsubashi University.
• Rigas OIKONOMOU, 2016. "Unemployment Insurance with Limited Commitment Wage Contracts and Savings," LIDAM Discussion Papers IRES 2016006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Ahad, Muhammad, 2015. "Financial Development and Money Demand Function: Cointegration, Causality and Variance Decomposition Analysis for Pakistan," MPRA Paper 70033, University Library of Munich, Germany.
• Kollmann, Robert, 2016. "International Business Cycles and Risk Sharing with Uncertainty Shocks and Recursive Preferences," MPRA Paper 70183, University Library of Munich, Germany.
• João Barata Ribeiro Blanco Barroso, 2016. "Quantitative Easing and United States Investor Portfolio Rebalancing Towards Foreign Assets," Working Papers Series 420, Central Bank of Brazil, Research Department.
• Eric Monnet & Damien Puy, 2016. "Has Globalization Really Increased Business Cycle Synchronization?," IMF Working Papers 16/54, International Monetary Fund.
• Dr. Christian Hepenstrick & Massimiliano Marcellino, 2016. "Forecasting with Large Unbalanced Datasets: The Mixed-Frequency Three-Pass Regression Filter," Working Papers 2016-04, Swiss National Bank.
• Taeyoung Doh & Shu Wu, 2015. "Cash flow and risk premium dynamics in an equilibrium asset-pricing model with recursive preferences," Research Working Paper RWP 15-12, Federal Reserve Bank of Kansas City.
• Douglas W. Diamond & Anil K. Kashyap, 2016. "Liquidity Requirements, Liquidity Choice and Financial Stability," NBER Working Papers 22053, National Bureau of Economic Research, Inc.
• Phiri, Andrew, 2016. "Long run equilibrium adjustment between inflation and stock market returns in South Africa: A nonlinear perspective," MPRA Paper 70260, University Library of Munich, Germany.
• Item repec:men:wpaper:58_2015 is not listed on IDEAS anymore

• von Weizsäcker, Carl Christian, 2016. "Global-Soziale Marktwirtschaft und die Flüchtlingsfrage," HWWI Policy Papers 95, Hamburg Institute of International Economics (HWWI).
• Curatola, Giuliano, 2016. "Preference evolution and the dynamics of capital markets," SAFE Working Paper Series 128, Leibniz Institute for Financial Research SAFE.
• Alberto G. Musalem, 2016. "International spillovers and policies," Speech 196, Federal Reserve Bank of New York.
• Møller, Niels Framroze, 2016. "How to decode Unemployment Persistence: An econometric framework for identifying and comparing the sources of persistence," MPRA Paper 70058, University Library of Munich, Germany.
• Giovanni Ganelli & Juha Tervala, 2016. "The Welfare Multiplier of Public Infrastructure Investment," IMF Working Papers 16/40, International Monetary Fund.
• Paulo Bastos & Natália P. Monteiro & Odd Rune Straume, 2016. "Foreign acquisition and internal organization," NIPE Working Papers 5/2016, NIPE - Universidade do Minho.
• Roe, Terry L. & Smith, Rodney B.W., 2015. "Mainstreaming of ecosystem services into sectoral and macroeconomic policies and programmes of Republic of Kazakhstan," Miscellaneous Publications 232877, University of Minnesota, Department of Applied Economics.
• Ricardo Ferraz, 2016. "Finanças Públicas Portuguesas Sustentáveis no Estado Novo (1933-1974)?," GEE Papers 0056, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Mar 2016.
• Alberto Cavallo & Guillermo Cruces & Ricardo Perez-Truglia, 2016. "Learning from Potentially-Biased Statistics: Household Inflation Perceptions and Expectations in Argentina," NBER Working Papers 22103, National Bureau of Economic Research, Inc.
• Catherine Mathieu & Henri Sterdyniak, 2014. "Towards a better governance in the EU?," Sciences Po publications info:hdl:2441/3ue77f8hlr9, Sciences Po.
• Olga Kuznetsova, 2016. "The Value of Public Information in a Two-Region Model," HSE Working papers WP BRP 126/EC/2016, National Research University Higher School of Economics.
• Tomas Krehlik & Jozef Barunik, 2016. "Cyclical properties of supply-side and demand-side shocks in oil-based commodity markets," Papers 1603.07020, arXiv.org, revised Jan 2017.
• Eric Dubois, 2016. "Political Business Cycles 40 Years after Nordhaus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01291401, HAL.
• Anna R Bordon & Christian H Ebeke & Kazuko Shirono, 2016. "When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies," IMF Working Papers 16/62, International Monetary Fund.
• Rao, R. Kavita & Tandon, Suranjali & Mukherjee, Sacchidananda, 2016. "Corporate Tax: A brief assessment of some exemptions," Working Papers 16/165, National Institute of Public Finance and Policy.