Report NEP-MAC-2016-04-23

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:

• Lauretta, Eliana & Chaudhry, Sajid & Mullineux, Andy, 2015. "Theory and Evidence on the Finance-Growth Relationship: The Virtuous and Unvirtuous Cycles," MPRA Paper 70613, University Library of Munich, Germany.
• Lu, Hongyou & Xu, Wenli & Xu, Kun, 2016. "How to Make The Fiscal policies Greener in China?——Based on The Perspective of Environmental Macroeconomics," MPRA Paper 70221, University Library of Munich, Germany.
• Cloyne, James & Ferreira, Clodomiro & Surico, Paolo, 2016. "Monetary policy when households have debt: new evidence on the transmission mechanism," Bank of England working papers 589, Bank of England.
• Christoph S. Weber, 2016. "Central Bank Transparency and Inflation (Volatility) – New Evidence," Working Papers 163, Bavarian Graduate Program in Economics (BGPE).
• David Turner & Maria Chiara Cavalleri & Yvan Guillemette & Alexandre Kopoin & Patrice Ollivaud & Elena Rusticelli, 2016. "An investigation into improving the real-time reliability of OECD output gap estimates," OECD Economics Department Working Papers 1294, OECD Publishing.
• Belanger, Gilles, 2016. "Inflation is Always and Everywhere an Interest-Rate Phenomenon," MPRA Paper 70841, University Library of Munich, Germany.
• Hafedh Bouakez & Michel Guillard & Jordan Roulleau-Pasdeloup, 2016. "The Optimal Composition of Public Spending in a Deep Recession," Cahiers de Recherches Economiques du Département d'économie 16.09, Université de Lausanne, Faculté des HEC, Département d’économie.
• Ambrogio Cesa-Bianchi & Gregory Thwaites & Alejandro Vicondoa, 2016. "Monetary Policy Transmission in an Open Economy: New Data and Evidence from the United Kingdom," Discussion Papers 1612, Centre for Macroeconomics (CFM), revised Aug 2016.
• Punzi, Maria Teresa, 2016. "Financial cycles and co-movements between the real economy, finance and asset price dynamics in large-scale crises," FinMaP-Working Papers 61, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
• Farmer, Roger & Zabczyk, Pawel, 2016. "The Theory of Unconventional Monetary Policy," CEPR Discussion Papers 11196, C.E.P.R. Discussion Papers.
• Zaman, Gheorghe & Georgescu, George, 2016. "Provocări în perioada tranziției la economia de piață în România. Creșterea gradului de îndatorare externă și internă [Challenges facing Romania during the period of transition to a market-based ec," MPRA Paper 70740, University Library of Munich, Germany.
• Farley Grubb, 2016. "Colonial American Paper Money and the Quantity Theory of Money: An Extension," Working Papers 16-05, University of Delaware, Department of Economics.
• A. Carriero & S. Mouabbi & E. Vangelista, 2016. "UK term structure decompositions at the zero lower bound," Working papers 589, Banque de France.
• Giancarlo Corsetti & Luca Dedola, 2014. "The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises," Cambridge Working Papers in Economics 1463, Faculty of Economics, University of Cambridge.
• Marianna Kudlyak & Juan M. Sanchez, 2016. "Revisiting Gertler-Gilchrist Evidence on the Behavior of Small and Large Firms," Working Paper 16-5, Federal Reserve Bank of Richmond.
• Herrenbrueck, Lucas, 2014. "Quantitative Easing and the Liquidity Channel of Monetary Policy," MPRA Paper 70686, University Library of Munich, Germany, revised 10 Apr 2016.
• Herr, Hansjörg & Rüdiger, Sina & Pédussel Wu, Jennifer, 2016. "The Federal Reserve as lender of last resort during the subprime crisis: Successful stabilisation without structural changes," IPE Working Papers 65/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Baranowski, Paweł & Kuchta, Zbigniew, 2015. "Changes in nominal rigidities in Poland – a regime switching DSGE perspective," MPRA Paper 70573, University Library of Munich, Germany, revised Mar 2016.
• Jeannine Bailliu & Mark Kruger & Argyn Toktamyssov & Wheaton Welbourn, 2016. "How Fast Can China Grow? The Middle Kingdom’s Prospects to 2030," Staff Working Papers 16-15, Bank of Canada.
• P. Fève & J.-G. Sahuc, 2016. "In Search of the Transmission Mechanism of Fiscal Policy in the Euro Area," Working papers 585, Banque de France.
• Kim, Minseong, 2016. "A simple theory of exploding household debts," MPRA Paper 70849, University Library of Munich, Germany.
• Farmer, Roger, 2016. "Animal Spirits in a Monetary Model," CEPR Discussion Papers 11197, C.E.P.R. Discussion Papers.
• Nina Boyarchenko & Valentin Haddad & Matthew Plosser, 2016. "The Federal Reserve and market confidence," Staff Reports 773, Federal Reserve Bank of New York.
• Agustín Arias, 2016. "Sentiment Shocks as Drivers of Business Cycles," Working Papers Central Bank of Chile 782, Central Bank of Chile.
• Fernández-Villaverde, Jesús & Sanches, Daniel, 2016. "Can Currency Competition Work?," CEPR Discussion Papers 11095, C.E.P.R. Discussion Papers.
• Jesús Fernández-Villaverde & Daniel Sanches, 2016. "Can Currency Competition Work?," NBER Working Papers 22157, National Bureau of Economic Research, Inc.
• Laeven, Luc & Dell'Ariccia, Giovanni & Suarez, Gustavo, 2016. "Bank Leverage and Monetary Policy’s Risk-Taking Channel: Evidence from the United States," CEPR Discussion Papers 11230, C.E.P.R. Discussion Papers.
• Claudio Morana, 2016. "Macroeconomic and Financial Effects of Oil Price Shocks: Evidence for the Euro Area," Working Paper series 16-02, Rimini Centre for Economic Analysis.
• Faraglia, Elisa & Oikonomou, Rigas & Equiza-Goñi, Juan, 2016. "Union Debt Management," CEPR Discussion Papers 11181, C.E.P.R. Discussion Papers.
• Ales Bulir & Jan Vlcek, 2016. "Monetary Transmission: Are Emerging Market and Low-Income Countries Different?," Working Papers 2016/02, Czech National Bank.
• Brunhart, Andreas, 2015. "The Swiss business cycle and the lead of small neighbor Liechtenstein," EconStor Preprints 130154, ZBW - Leibniz Information Centre for Economics.
• Berentsen, Aleksander & Schär, Fabian, 2016. "Cash and Negative Interest Rates," MPRA Paper 70832, University Library of Munich, Germany.
• Young, Alwyn, 2014. "Structural transformation, the mismeasurement of productivity growth, and the cost disease of services," LSE Research Online Documents on Economics 60213, London School of Economics and Political Science, LSE Library.
• Jérémie Cohen-Setton & Joshua K. Hausman & Johannes F. Wieland, 2016. "Supply-Side Policies in the Depression: Evidence from France," NBER Working Papers 22140, National Bureau of Economic Research, Inc.
• Söderström, Ulf & Iversen, Jens & LASEEN, PER & Lundvall, Henrik, 2016. "Real-Time Forecasting for Monetary Policy Analysis: The Case of Sveriges Riksbank," CEPR Discussion Papers 11203, C.E.P.R. Discussion Papers.
• Vdovychenko, Artem & Zubrytskyi, Artur, 2016. "Effects of fiscal consolidation on exports in Ukraine," MPRA Paper 70722, University Library of Munich, Germany, revised Feb 2016.
• E. Monnet & C. Wolf, 2016. "Demographic Cycle, Migration and Housing Investment: a Causal Examination," Working papers 591, Banque de France.
• Fougère, Denis & Gautier, Erwan & Roux, Sébastien, 2016. "The Impact of the National Minimum Wage on Industry-Level Wage Bargaining in France," CEPR Discussion Papers 11234, C.E.P.R. Discussion Papers.
• Punnoose Jacob & Lenno Uuskula, 2016. "Deep habits and exchange rate pass-through," CAMA Working Papers 2016-17, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Elish Kelly & Seamus McGuinness & Philip O’Connell & Alberto González Pandiella & David Haugh, 2016. "How did Immigrants fare in the Irish Labour Market over the Great Recession?," OECD Economics Department Working Papers 1284, OECD Publishing.
• Michael Pedersen, 2016. "Pass-Through, Expectations, and Risks. What Affects Chilean Banks’ Interest Rates?," Working Papers Central Bank of Chile 780, Central Bank of Chile.
• Fructuoso Borrallo & Ignacio Hernando & Javier Vallés, 2016. "The effects of us unconventional monetary policies in Latin America," Working Papers 1606, Banco de España.
• 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 70338, University Library of Munich, Germany.
• Greg Kaplan & Sam Schulhofer-Wohl, 2016. "Inflation at the Household Level," Working Papers 731, Federal Reserve Bank of Minneapolis.
• Dr. Pascal Towbin & Sebastian Weber, 2016. "Price expectations and the US housing boom," Working Papers 2016-06, Swiss National Bank.
• E. Gautier & D. Fougère & S. Roux, 2016. "The Impact of the National Minimum Wage on Industry-Level Wage Bargaining in France," Working papers 587, Banque de France.
• Khraief, Naceur & Shahbaz, Muhammad & Heshmati, Almas & Azam, Muhammad, 2016. "Are Unemployment Rates in OECD Countries Stationary? Evidence from Univariate and Panel Unit Root Tests," Working Paper Series in Economics and Institutions of Innovation 435, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
• Markus Brueckner, 2016. "Rent Extraction by Capitalists," ANU Working Papers in Economics and Econometrics 2016-634, Australian National University, College of Business and Economics, School of Economics.
• Comisión de Expertos & Ricardo Bonilla & Rosario Córdoba & Alfredo Lewin & Oscar Darío Morales & Soraya Montoya & Guillermo Perry & Julio Roberto Piza, 2015. "Comisión de Expertos para la Equidad y la Competitividad Tributaria. Informe Final presentado al Ministro de Hacienda y Crédito Público," INFORMES DE INVESTIGACIÓN 014445, FEDESARROLLO.
• António Afonso, & José Alves, 2016. "Reconsidering Wagner's Law: evidence from the functions of the government," Working Papers Department of Economics 2016/09, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
• Michaël Assous & Muriel Dal-Pont Legrand & Harald Hagemann, 2016. "Business Cycles and Growth," GREDEG Working Papers 2016-06, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
• Doepke, Matthias & de la Croix, David & Mokyr, Joel, 2016. "Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy," CEPR Discussion Papers 11199, C.E.P.R. Discussion Papers.
• 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 264, Federal Reserve Bank of St. Louis.
• Jakub Growiec & Jakub Muck, 2016. "Isoelastic Elasticity of Substitution Production Functions," KAE Working Papers 2016-001, Warsaw School of Economics, Collegium of Economic Analysis.
• Knolle, Julia & Lehmann, Kai, 2016. "An Empirical Assessment of Global Capital Productivity," Hannover Economic Papers (HEP) dp-574, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
• David Haugh & Yosuke Jin & Alberto González Pandiella, 2016. "Growing together: Towards a more inclusive Ireland," OECD Economics Department Working Papers 1293, OECD Publishing.
• Lee, Chin, 2015. "Is There Any Regional Price Disparity in Peninsular Malaysia?," MPRA Paper 70592, University Library of Munich, Germany.
• Nathalie Scholl & Stephan Klasen, 2016. "Re-estimating the Relationship between Inequality and Growth," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 205, Courant Research Centre PEG.
• Gabriel Chodorow-Reich & Loukas Karabarbounis, 2017. "The Limited Macroeconomic Effects of Unemployment Benefit Extensions," Working Paper 386166, Harvard University OpenScholar.
• Anastasia Girshina, 2016. "Implications of Fiscal Policy for Housing Tenure Decisions," Working Papers 2014:, Department of Economics, University of Venice "Ca' Foscari".
• Bernard N. Iyke & Sin-Yu Ho, 2016. "On the Causal Links between the Stock Market and the Economy of Hong Kong," Working Papers 591, Economic Research Southern Africa.
• Branger, Nicole & Grüning, Patrick & Schlag, Christian, 2016. "Commodities, financialization, and heterogeneous agents," SAFE Working Paper Series 131, Leibniz Institute for Financial Research SAFE.
• Rafael Domenech & Juan Ramon Garcia & Camilo Ulloa, 2016. "Los efectos de la flexibilidad salarial sobre el crecimiento y el empleo," Working Papers 16/05, BBVA Bank, Economic Research Department.
• Iader Giraldo S., 2015. "Determinantes de las exportaciones manufactureras de Colombia : un estudio a partir de un modelo de ecuaciones simultáneas," Working Papers Series. Documentos de Trabajo 14402, Fedesarrollo.
• Roman Frydman & Michael Goldberg, 2015. "Change and Rationality in Macroeconomics and Finance Theory: A New Rational Expectations Hypothesis," Working Papers Series 8, Institute for New Economic Thinking.
• Anja Sonnenburg & Britta Stöver & Dr. Marc Ingo Wolter, 2016. "Ansatzpunkte zur Abschätzung der ökonomischen Folgen der Flüchtlingszahlen und erste Quantifizierung – Aktualisierung," GWS Discussion Paper Series 16-3, GWS - Institute of Economic Structures Research.
• McCain, Roger, 2016. "Small Business and Liquidity Constraint," School of Economics Working Paper Series 2016-3, LeBow College of Business, Drexel University.
• Böing, Tobias & Stadtmann, Georg, 2016. "Competitiveness and current account adjustments in the euro area," Discussion Papers 382, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
• Aliyu, Shehu Usman Rano, 2015. "Developing Islamic Liquidity Management Instruments: Resolving the Impasse between Central Bank of Nigeria (CBN) and Jaiz Bank Plc," MPRA Paper 68898, University Library of Munich, Germany, revised 07 Feb 2016.
• James B. Bullard, 2016. "Welcoming Remarks. Given at the Homer Jones Memorial Lecture. Federal Reserve Bank of St. Louis, April 6, 2016," Speech 265, Federal Reserve Bank of St. Louis.
• Martin Shubik, 2016. "Three Lectures on the Theory of Money and Financial Institutions: Lecture 1: A Nontechnical Overview," Cowles Foundation Discussion Papers 2036, Cowles Foundation for Research in Economics, Yale University.
• Fernando de Menezes Linardi, 2016. "Assessing the Fit of a Small Open-Economy DSGE Model for the Brazilian Economy," Working Papers Series 424, Central Bank of Brazil, Research Department.
• Bitros, George C., 2016. "A theory of maintenance expenditures tested on automobile data from Greece," MPRA Paper 70820, University Library of Munich, Germany.
• Coeurdacier, Nicolas & Guibaud, Stéphane & Jin, Keyu, 2014. "Fertility policies and social security reforms in China," LSE Research Online Documents on Economics 66107, London School of Economics and Political Science, LSE Library.
• Dhaoui, Elwardi, 2015. "Climat des Affaires et Compétitivité de l’Entreprise Tunisienne Après la Révolution : Analyses et Perspectives [Business Climate and Competitiveness of the Tunisian Enterprise After the Revolution:," MPRA Paper 70675, University Library of Munich, Germany.
• IWAISAKO Tokuo & NAKATA Hayato, 2016. "Impacts of Oil Shocks on Exchange Rates and Macroeconomic Variables: A multi-country analysis," Discussion papers 16039, Research Institute of Economy, Trade and Industry (RIETI).
• Giovanni Razzu & Carl Singleton, 2015. "Segregation and Gender Gaps through the UK's Great Recession," Economics Discussion Papers em-dp2015-02, Department of Economics, University of Reading.
• Giorgio Fagiolo & Andrea Roventini, 2016. "Macroeconomic Policy in DSGE and Agent-Based Models Redux: New Developments and Challenges Ahead," LEM Papers Series 2016/17, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Phedon Nicolaides & Roxana Nedelescu (née Sandu) & Joanna Hornik & Gibran Watfe & Gil Stein, 2016. "A New Settlement for the UK: A “Leap in the Dark”," Bruges European Economic Policy Briefings 39, European Economic Studies Department, College of Europe.
• Manjhi, Ganesh & Keswani Mehra, Meeta, 2016. "Center-State Political Transfer Cycles in India," MPRA Paper 70784, University Library of Munich, Germany.