Report NEP-MAC-2016-04-09

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:

• Luca Agnello & Nikola Altiparmakov & Michal Andrle & Maria Grazia Attinasi & Jan Babeck� & Salvador Barrios & John Bluedorn & Vladimir Borgy & Othman Bouabdallah & Andries Brandsma & Adi Brender & V, 2016, "Beyond the austerity dispute: new priorities for fiscal policy," Workshop and Conferences, Bank of Italy, Economic Research and International Relations Area, number 20, Mar.
• Papaioannou, Sotiris, 2016, "Public spending, monetary policy and growth: Evidence from EU countries," MPRA Paper, University Library of Munich, Germany, number 70331, Mar.
• Markus K. Brunnermeier & Yuliy Sannikov, 2016, "On the Optimal Inflation Rate," NBER Working Papers, National Bureau of Economic Research, Inc, number 22133, Mar.
• Jean-Michel Grandmont, 2016, "Endogenous Procyclicality of Labor Productivity, Employment, Real Wages and Effort in Conditionally Heteroskedastic Sunspots Unemployment Business Cycles with Negishi-Solow Efficiency Wages," Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University, number DP2016-14, Mar.
• Giancarlo Corsetti & Luca Dedola, 2014, "The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1463, Sep.
• Antonia Lopez-Villavicencio & Valérie Mignon, 2016, "Exchange Rate Pass-through in Emerging Countries: Do the Inflation Environment, Monetary Policy Regime and Institutional Quality Matter?," Working Papers, CEPII research center, number 2016-07, Apr.
• Sohei Kaihatsu & Koichiro Kamada & Mitsuru Katagiri, 2016, "Theoretical Foundations for Quantitative Easing," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 16-E-04, Mar.
• Jakub Mateju & Michal Kejak, 2015, "Limited Liability, Asset Price Bubbles and the Credit Cycle: The Role of Monetary Policy," Working Papers, Czech National Bank, Research and Statistics Department, number 2015/16, Dec.
• Jean-Michel Grandmont, 2016, "Endogenous Procyclicality of Labor Productivity, Employment, Real Wages and Effort in Conditionally Heteroskedastic Sunspots Unemployment Business Cycles with Negishi-Solow Efficiency Wages," Working Papers, Department of Economics, University of Venice "Ca' Foscari", number 2016:10.
• Henrique S. Basso & James Costain, 2016, "Macroprudential theory: advances and challenges," Occasional Papers, Banco de España, number 1604, Mar.
• Bijie Jia & Hyeongwoo Kim, 2016, "Government Spending Shocks and Private Activity: The Role of Sentiments," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2016-04, Mar.
• Hännikäinen, Jari, 2016, "When does the yield curve contain predictive power? Evidence from a data-rich environment," MPRA Paper, University Library of Munich, Germany, number 70489, Apr.
• Phiri, Andrew, 2016, "Asymmetric pass-through effects from monetary policy to housing prices in South Africa," MPRA Paper, University Library of Munich, Germany, number 70258, Mar.
• Giri, Federico & Riccetti, Luca & Russo, Alberto & Gallegati, Mauro, 2016, "Monetary Policy and Large Crises in a Financial Accelerator Agent-Based Model," MPRA Paper, University Library of Munich, Germany, number 70371, Mar.
• Roger Farmer & Pawel Zabczyk, 2016, "The Theory of Unconventional Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 22135, Mar.
• G; Dosi & M.C. Pereira & A. Roventini & M.E. Virgillito, 2016, "When more flexiility yields more fragility : the microfoundations of keynesian aggregate unemployment," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE), number 2016-07, Mar.
• Kufenko, Vadim, 2016, "Spurious periodicities in cliometric series: Simultaneous testing," Violette Reihe: Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung", University of Hohenheim, Carl von Ossietzky University Oldenburg, Evangelisches Studienwerk, number 48/2016, Mar.
• Item repec:dnb:dnbwpp:509 is not listed on IDEAS anymore

• Gary D. Hansen & Lee E. Ohanian, 2016, "Neoclassical Models in Macroeconomics," NBER Working Papers, National Bureau of Economic Research, Inc, number 22122, Mar.
• Chatelain, Jean-Bernard & Ralf Kirsten, 2016, "Countercyclical versus Procyclical Taylor Principles," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 129796.
• Borowczyk-Martins, Daniel & Lalé, Etienne, 2016, "Employment Adjustment and Part-time Jobs: The U.S. and the U.K. in the Great Recession," IZA Discussion Papers, IZA Network @ LISER, number 9847, Mar.
• Musgrave, Ralph S., 2016, "Taxpayers Subsidise Private Money Creation," MPRA Paper, University Library of Munich, Germany, number 70162, Mar.
• Farmer, Roger & Zabczyk, Pawel, 2016, "The Theory of Unconventional Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11196, Mar.
• Balcilar, Mehmet & Gupta, Rangan & Segnon, Mawuli, 2016, "The role of economic policy uncertainty in predicting U.S. recessions: A mixed-frequency Markov-switching vector autoregressive approach," Economics Discussion Papers, Kiel Institute for the World Economy, number 2016-14.
• Barbara Annicchiarico & Alessandra Pelloni, 2016, "Innovation, Growth and Optimal Monetary Policy," CEIS Research Paper, Tor Vergata University, CEIS, number 376, Apr, revised 01 Apr 2016.
• Johannes F. Wieland & Mu-Jeung Yang, 2016, "Financial Dampening," NBER Working Papers, National Bureau of Economic Research, Inc, number 22141, Mar.
• Warren E. Weber, 2016, "A Bitcoin Standard: Lessons from the Gold Standard," Staff Working Papers, Bank of Canada, number 16-14, DOI: 10.34989/swp-2017-14.
• Alan J. Auerbach & Laurence J. Kotlikoff & Darryl R. Koehler, 2016, "U.S. Inequality and Fiscal Progressivity: An Intragenerational Accounting," NBER Working Papers, National Bureau of Economic Research, Inc, number 22032, Feb.
• Jan Bruha & Jiri Polansky, 2015, "Empirical Analysis of Labor Markets over Business Cycles: An International Comparison," Working Papers, Czech National Bank, Research and Statistics Department, number 2015/15, Dec.
• Farmer, Roger, 2016, "Animal Spirits in a Monetary Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11197, Mar.
• Portes, Richard & Thorlaksson, Eirikur Elis & Baldursson, Fridrik Mar, 2016, "All’s Well that Ends Well? Resolving Iceland’s Failed Banks," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11185, Mar.
• Campiglio, Emanuele, 2015, "Beyond carbon pricing: the role of banking and monetary policy in financing the transition to a low-carbon economy," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 65146, Mar.
• Prachi Mishra & Peter Montiel & Rajeswari Sengupta, 2016, "Monetary transmission in developing countries: Evidence from India," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2016-008, Mar.
• Mathilde Le Moigne & Francesco Saraceno & Sebastien Villemot, 2016, "Probably too Little, Certainly too Late. An Assessement of the Juncker Investment Plan," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE), number 2016-10, Mar.
• Curatola, Giuliano & Donadelli, Michael & Grüning, Patrick & Meinerding, Christoph, 2016, "Investment-specific shocks, business cycles, and asset prices," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 129, DOI: 10.2139/ssrn.2747383.
• Vasilev, Aleksandar, 2016, "Search and matching frictions and business cycle fluctuations in Bulgaria: Technical Appendix," EconStor Research Reports, ZBW - Leibniz Information Centre for Economics, number 129795, Feb.
• Faraglia, Elisa & Oikonomou, Rigas & Equiza-Goñi, Juan, 2016, "Union Debt Management," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11181, Mar.
• Adugna Olani, 2016, "Dynamic Capital Inflow Transmission Of Monetary Policy To Emerging Markets," Working Paper, Economics Department, Queen's University, number 1358, Mar.
• Akinwande A. Atanda & Andrea K. Menclova & W. Robert Reed, 2016, "Is Health Care Infected by Baumol’s Cost Disease? Test of a New Model Using an OECD Dataset," Working Papers in Economics, University of Canterbury, Department of Economics and Finance, number 16/04, Apr.
• Item repec:imf:imfscr:16/75 is not listed on IDEAS anymore

• Guido Ascari & Paolo Bonomolo Hedibert F. Lopes, 2016, "Rational Sunspots," Economics Series Working Papers, University of Oxford, Department of Economics, number 787, Mar.
• Alberto Cavallo & Roberto Rigobon, 2016, "The Billion Prices Project: Using Online Prices for Measurement and Research," NBER Working Papers, National Bureau of Economic Research, Inc, number 22111, Mar.
• Kosuke Aoki & Alexander Michaelides & Kalin Nikolov, 2016, "Household Portfolios in a Secular Stagnation World: Evidence from Japan," Bank of Japan Working Paper Series, Bank of Japan, number 16-E-4, Mar.
• Brant Abbott & Giovanni Gallipoli & Costas Meghir & Gianluca Violante, 2016, "Education policy and intergenerational transfers in equilibrium," IFS Working Papers, Institute for Fiscal Studies, number W16/04, Mar.
• Kim, Minseong, 2016, "How accounting accuracy affects DSGE models," MPRA Paper, University Library of Munich, Germany, number 70404, Mar.
• Kim, Minseong, 2016, "How accounting accuracy affects DSGE models," MPRA Paper, University Library of Munich, Germany, number 70356, Mar.
• Holden, Thomas, 2016, "Existence and uniqueness of solutions to dynamic models with occasionally binding constraints," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 130142, Apr.
• Alyssa G. Anderson & Jeff W. Huther, 2016, "Modelling Overnight RRP Participation," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2016-023, Feb, DOI: 10.17016/FEDS.2016.023.
• Ryan Niladri Banerjee & Fabrizio Zampolli, 2016, "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," BIS Working Papers, Bank for International Settlements, number 553, Mar.
• Ines Buono & Sara Formai, 2016, "The evolution of the anchoring of inflation expectations," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 321, Mar.
• Carlos Viana de Carvalho & Andrea Ferrero & Fernanda Necchio, 2016, "Demographics and Real Interest Rates: Inspecting the Mechanism," Textos para discussão, Department of Economics PUC-Rio (Brazil), number 648, Mar.
• Matteo Barigozzi & Marco Lippi & Matteo Luciani, 2016, "Non-Stationary Dynamic Factor Models for Large Datasets," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2016-024, Mar, DOI: 10.17016/FEDS.2016.024r1.
• Gilbert Cette & J. Fernald & Benoit Mojon, 2016, "The Pre-Great Recession Slowdown in Productivity," Working papers, Banque de France, number 586.
• Axelle Ferrière & Anastasios G. Karantounias, 2016, "Fiscal Austerity in Ambiguous Times," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2016-6, Mar.
• Kollmann, Robert & Zeugner, Stefan, 2016, "Blanchard and Kahn’s (1980) solution for a linear rational expectations model with one state variable and one control variable: the correct formula," MPRA Paper, University Library of Munich, Germany, number 70338.
• Item repec:feu:wfewop:y:2016:m:3:d:0:i:114 is not listed on IDEAS anymore

• Carl Singleton, 2016, "Long-term unemployment and the Great Recession: Evidence from UK stocks and flows," Edinburgh School of Economics Discussion Paper Series, Edinburgh School of Economics, University of Edinburgh, number 273, Feb.
• Alan S. Blinder & Mark W. Watson, 2014, "Presidents and the U.S. Economy: An Econometric Exploration," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies., number 241, Jul.
• Papaioannou, Sotiris, 2016, "Public investment multipliers in EU countries: Does the efficiency of public sector matter?," MPRA Paper, University Library of Munich, Germany, number 70332, Mar.
• James B. Bullard, 2016, "Time Consistency and Fed Policy : a presentation at New York Association for Business Economics, New York, N.Y., March 24, 2016," Speech, Federal Reserve Bank of St. Louis, number 264, Mar.
• Robert Kollmann & Stefan Zeugner, 2016, "Blanchard and Kahn's (1980) Solution for a Linear Rational Expectations Model with One State Variable and One Control Variable: the Correct Formula," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number ECARES 2016-14, Mar.
• Adam P. Balcerzak & Michal Bernad Pietrzak, 2016, "TOPSIS Analysis of Changes of Quality of Human Capital in European Union Countries," Working Papers, Institute of Economic Research, number 7/2016, Mar, revised Mar 2016.
• Alisdair McKay & Emi Nakamura & Jón Steinsson, 2016, "The Discounted Euler Equation: A Note," NBER Working Papers, National Bureau of Economic Research, Inc, number 22129, Mar.
• David Greasley & Nick Hanley & Eoin McLaughlin & Les Oxley, 2016, "Australia: a Land of Missed Opportunities?," Discussion Papers in Environment and Development Economics, University of St. Andrews, School of Geography and Sustainable Development, number 2016-08, Mar.
• Afrasiab Mirza & Eric Stephens, 2016, "Securitization and Aggregate Investment Efficiency," Carleton Economic Papers, Carleton University, Department of Economics, number 16-05, Mar, revised 24 Jan 2017.
• Item repec:dnb:dnbwpp:508 is not listed on IDEAS anymore

• Vasco M. Carvalho, 2014, "From Micro to Macro via Production Networks," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1467, Oct.
• Schneider, Friedrich & Buehn, Andreas, 2016, "Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions," IZA Discussion Papers, IZA Network @ LISER, number 9820, Mar.
• Elinder, Mikael & Erixson, Oscar & Waldenström, Daniel, 2016, "Inheritance and Wealth Inequality: Evidence from Population Registers," IZA Discussion Papers, IZA Network @ LISER, number 9839, Mar.
• John C. Williams, 2016, "Discussion of “Language after liftoff: Fed communication away from the zero lower bound”," Speech, Federal Reserve Bank of San Francisco, number 164, Feb.
• Waldenstrom, Daniel & Elinder, Mikael, 2016, "Inheritance and wealth inequality: Evidence from population registers," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11191, Mar.
• Grégory Claeys & Zsolt Darvas & Alvaro Leandro, 2016, "A proposal to revive the European Fiscal Framework," Bruegel Policy Contributions, Bruegel, number 13490, Mar.
• Bill Dupor & Guerrero Rodrigo, 2016, "Local and Aggregate Fiscal Policy Multipliers," Working Papers, Federal Reserve Bank of St. Louis, number 2016-4, Mar, DOI: 10.20955/wp.2016.004.
• Andreas Thiemann, 2016, "How Does Maternal Pension Wealth Affect Family Old-Age Savings in Germany?," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1560.
• Nathan Foley-Fisher & Rodney Ramcharan & Edison Yu, 2016, "The Impact of Unconventional Monetary Policy on Firm Financing Constraints : Evidence from the Maturity Extension Program," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2016-025, Feb, DOI: 10.17016/FEDS.2016.025.
• Gregory Verdugo, 2016, "Real wage cyclicality in the Eurozone before and during the Great Recession: Evidence from micro data," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL, number hal-01296738, DOI: 10.1016/j.euroecorev.2015.11.001.
• Juan Carlos Matallín-Sáez & Amparo Soler-Domínguez & Emili Tortosa-Ausina, 2016, "Does socially responsible mutual fund performance vary over the business cycle? New insights on the role of ethical strategy focus and green industry idiosyncratic risk," Working Papers, Economics Department, Universitat Jaume I, Castellón (Spain), number 2016/03.
• Tony Volpon, 2016, "Tsunami Monetário – Ciclos Monetários Internacionais e Desafios para a Economia Brasileira," Working Papers Series, Central Bank of Brazil, Research Department, number 423, Mar.
• Roger Farmer & Pawel Zabczyk, 2016, "The Theory of Unconventional Monetary Policy," Discussion Papers, Centre for Macroeconomics (CFM), number 1611, Mar.
• Yuliyan Mitkov, 2016, "Inequality and Financial Fragility," Departmental Working Papers, Rutgers University, Department of Economics, number 201602, Mar.
• Leon Bettendorf & Arjan Lejour & Maarten van 't Riet, 2016, "Tax bunching by owners of small corporations," CPB Discussion Paper, CPB Netherlands Bureau for Economic Policy Analysis, number 326, Mar.
• Bharat Diwakar & Gilad Sorek, 2016, "Life-Cycle Saving, Bequests, and the Role of Population in R&D-based Growth," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2016-05, Mar.
• William Dudley, 2016, "Opening remarks at the Conference on Supervising Large, Complex Financial Institutions: Defining Objectives and Measuring Effectiveness," Speech, Federal Reserve Bank of New York, number 197, Mar.
• Michele Piffer, 2016, "Economic Effects of Uncertainty," DIW Roundup: Politik im Fokus, DIW Berlin, German Institute for Economic Research, number 92.
• Ahmad K. Naimzada & Serena Sordi, 2016, "On controlling chaos in a discrete tâtonnement process," Department of Economics University of Siena, Department of Economics, University of Siena, number 729, Feb.
• Item repec:imf:imfwpa:16/47 is not listed on IDEAS anymore

• Parsons, Donald O., 2016, "Moral-Hazard-Free First-Best Unemployment Insurance," IZA Discussion Papers, IZA Network @ LISER, number 9824, Mar.
• Konstantin Yanovskiy & Dmitry Maslov, 2016, "О некоторых свойствах наблюдаемого экономического роста в Китае (On Some Features of the Observed Economic Growth in China)," Working Papers, Gaidar Institute for Economic Policy, number 150, revised 2016.
• Alina Mika & Robert Zymek, 2016, "Friends Without Benefits? New EMU Members and the Euro Effect on Trade," Edinburgh School of Economics Discussion Paper Series, Edinburgh School of Economics, University of Edinburgh, number 269, Feb.
• Antonin Bergeaud & Gilbert Cette & Rémy Lecat, 2016, "The role of production factor quality and technology diffusion in 20th century productivity growth," Working papers, Banque de France, number 588.
• Arnaud Cheron & Anthony Terriau, 2015, "Search frictions and (in)efficient vocational training over the life-cycle," Working Papers, HAL, number hal-01292113, Nov.
• Mehmet Balcilar & Rangan Gupta & Christian Pierdzioch & Mark Wohar, 2016, "Terror Attacks and Stock-Market Fluctuations: Evidence Based on a Nonparametric Causality-in-Quantiles Test for the G7 Countries," Working Papers, University of Pretoria, Department of Economics, number 201608, Feb.
• Fiorini, Matteo; Lebrand, Mathilde, 2016, "The Political Economy of Services Trade Agreements," Economics Working Papers, European University Institute, number ECO2016/05.
• Chirwa, Themba G & Odhiambo, Nicholas M, 2016, "Sources of economic growth in Zambia: an empirical investigation," Working Papers, University of South Africa, Department of Economics, number 20067, Apr.
• Michaël Assous & Muriel Dal-Pont Legrand & Harald Hagemann, 2016, "Business Cycles and Growth," GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, number 2016-06, Mar.
• Mario Forni & Alessandro Giovannelli & Marco Lippi & Stefano Soccorsi, 2016, "Dynamic Factor Model with Infinite Dimensional Factor Space: Forecasting," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number ECARES 2016-16, Mar.
• Njindan Iyke, Bernard, 2016, "Exchange Rate Undervaluation and Sectoral Performance of the South African Economy," MPRA Paper, University Library of Munich, Germany, number 70343, Mar.
• FitzGerald, John & Chi, Pho Thi Kim & Lam, Do Van & Ha, Hoang & Huong, Luong & Dung, Tran, 2016, "Modelling the Vietnamese Economy," Papers, Economic and Social Research Institute (ESRI), number WP526, Mar.
• Item repec:imf:imfwpa:16/39 is not listed on IDEAS anymore

• Heinemann, Friedrich & Moessinger, Marc-Daniel & Yeter, Mustafa, 2016, "Do fiscal rules constrain fiscal policy? A meta-regression-analysis," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 16-027.
• Item repec:hal:cepnwp:hal-01295438 is not listed on IDEAS anymore

• John C. Williams, 2016, "The health of nations," Speech, Federal Reserve Bank of San Francisco, number 161, Feb.
• David de la Croix & Matthias Doepke & Joel Mokyr, 2016, "Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy," NBER Working Papers, National Bureau of Economic Research, Inc, number 22131, Mar.
• Vessela Daskalova & Nicolaas J. Vriend, 2014, "Categorization and Coordination," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1460, Jun.
• Pontus Rendahl, 2014, "Fiscal Policy in an Unemployment Crisis," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1456, May.
• Sebastiano Fadda, , "Technical Progress And Full Employment. A Long Run Perspective," Working Papers, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro, number 0020.
• Markus Demary & Joanna Hornik & Gibran Watfe, 2016, "SME Financing in the EU: Moving beyond one-size-fits-all," Bruges European Economic Policy Briefings, European Economic Studies Department, College of Europe, number 40, Mar.

Report NEP-MAC-2016-04-09

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: