Report NEP-MAC-2016-05-21

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:

• Michael T. Belongia & Peter N. Ireland, 2016, "Circumventing the Zero Lower Bound with Monetary Policy Rules Based on Money," Boston College Working Papers in Economics, Boston College Department of Economics, number 911, May.
• Kollmann, Robert & Leeper, Eric & Roeger, Werner, 2016, "The Post-Crisis Slump," MPRA Paper, University Library of Munich, Germany, number 71291.
• Alice Albonico & Alessia Paccagnini & Patrizio Tirelli, 2016, "Great Recession, Slow Recovery and Muted Fiscal Policies in the US," Working Papers, School of Economics, University College Dublin, number 201602, Mar.
• Jakob Kapeller & Michael Landesmann & Franz X. Mohr & Bernhard Schütz, 2016, "Government Policies and Financial Crises: Mitigation, Postponement or Prevention?," wiiw Working Papers, The Vienna Institute for International Economic Studies, wiiw, number 126, May.
• Gary B. Gorton, 2016, "The History and Economics of Safe Assets," NBER Working Papers, National Bureau of Economic Research, Inc, number 22210, Apr.
• Marcin Kolasa, 2016, "On the limits of macroprudential policy," NBP Working Papers, Narodowy Bank Polski, number 236.
• Ghironi, Fabio & Cacciatore, Matteo & Duval, Romain & Fiori, Giuseppe, 2016, "Market Reforms in the Time of Imbalance," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11247, Apr.
• Andrew Lee Smith, 2015, "When does the cost channel pose a challenge to inflation targeting central banks?," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 15-6, Jun.
• Carlos Carvalho & Eric Hsu & Fernanda Nechio, 2016, "Measuring the effect of the zero lower bound on monetary policy," Working Paper Series, Federal Reserve Bank of San Francisco, number 2016-6, Apr, DOI: 10.24148/wp2016-06.
• Xu, Wenli & Xu, Kun & Lu, Hongyou, 2016, "Environmental Policy and China’s Macroeconomic Dynamics Under Uncertainty---Based on The NK Model with Distortionary Taxation," MPRA Paper, University Library of Munich, Germany, number 71314, May.
• Hännikäinen, Jari, 2016, "The shadow rate as a predictor of real activity and inflation: Evidence from a data-rich environment," MPRA Paper, University Library of Munich, Germany, number 71432, May.
• Claudio Morana, 2016, "Macroeconomic and Financial Effects of Oil Price Shocks: Evidence for the Euro Area," Working Papers, Fondazione Eni Enrico Mattei, number 2016.23, Mar.
• Marcelo Arbex & Sidney Caetano & Dennis O'Dea, 2016, "The implications of labor market network for business cycles," Working Papers, University of Windsor, Department of Economics, number 1603, Apr.
• Mario Seccareccia & Marc Lavoie, 2016, "Understanding the Great Recession: Some Fundamental Keynesian and Post-Keynesian Insights, with an Analysis of Possible Mechanisms to Achieve a Sustained Recovery," Working Papers Series, Institute for New Economic Thinking, number 37, Jan, DOI: 10.2139/ssrn.2735581.
• Yasufumi Gemma, 2016, "Money Illusion Matters for Consumption-Saving Decision-Making: An Experimental Investigation," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 16-E-06, Apr.
• Craighead, William, 2016, "Hysteresis in a New Keynesian Model," MPRA Paper, University Library of Munich, Germany, number 70777, Apr.
• Tom Engsted & Thomas Q. Pedersen, 2016, "The predictive power of dividend yields for future infl?ation: Money illusion or rational causes?," CREATES Research Papers, Department of Economics and Business Economics, Aarhus University, number 2016-11, Apr.
• C. Ciaschini & R. Pretaroli & F. Severini & C. Socci, 2016, "Money supply expansion through a dynamic CGE model," Working Papers, Macerata University, Department of Finance and Economic Sciences, number 79-2016, May, revised May 2016.
• Xu, Kun & Xu, Wenli, 2015, "我国“货币中性”再检验
  [The Re-test of Monetary Neutrality in China]," MPRA Paper, University Library of Munich, Germany, number 71080, Aug.
• Filippo Gori, 2016, "Disentangling the Monetary Policy Stance," Bank of Lithuania Working Paper Series, Bank of Lithuania, number 27, May.
• Anmol Bhandari & Jaroslav Borovička & Paul Ho, 2016, "Identifying Ambiguity Shocks in Business Cycle Models Using Survey Data," NBER Working Papers, National Bureau of Economic Research, Inc, number 22225, May.
• Daragh Clancy & Rossana Merola, 2016, "Countercyclical capital rules for small open economies," Working Papers, European Stability Mechanism, number 10, May.
• Wieland, Volker & Taylor, John, 2016, "Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11264, May.
• Koenig, Felix & Manning, Alan & Petrongolo, Barbara, 2016, "Reservation wages and the wage flexibility puzzle," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 66417, Feb.
• Igor Fedotenkov, 2016, "Population ageing and inflation with endogenous money creation," Bank of Lithuania Working Paper Series, Bank of Lithuania, number 23, Feb.
• Ali, Amjad & Ur Rehman, Hafeez, 2015, "Macroeconomic Instability and Its Impact on Gross Domestic Product: An Empirical Analysis of Pakistan," MPRA Paper, University Library of Munich, Germany, number 71037, Dec.
• Mitman, Kurt & Kaplan, Greg & Violante, Giovanni, 2016, "Non-durable Consumption and Housing Net Worth in the Great Recession: Evidence from Easily Accessible Data," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11255, May.
• Peter Temin & David Vines, 2015, "Comments on Paul Davidsons Full Employment, Open Economy Macroeconomics, and Keynes General Theory: Does the Swan Diagram Suffice?," Working Papers Series, Institute for New Economic Thinking, number 36, Dec, DOI: 10.2139/ssrn.2735600.
• Martin Bodenstein & Gunes Kamber & Christoph Thoenissen, 2016, "Commodity Prices and Labour Market Dynamics in Small Open Economies," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2016-24, May.
• Martin Bodenstein & Gunes Kamber & Christoph Thoenissen, 2016, "Commodity prices and labour market dynamics in small open economies," Working Papers, The University of Sheffield, Department of Economics, number 2016005.
• Harashima, Taiji, 2016, "A Theory of Deflation: Can Expectations Be Influenced by a Central Bank?," MPRA Paper, University Library of Munich, Germany, number 71276, May.
• Jens H. E. Christensen & Signe Krogstrup, 2016, "A Portfolio Model of Quantitative Easing," Working Paper Series, Peterson Institute for International Economics, number WP16-7, Apr.
• Özlem Onaran, 2016, "Secular stagnation and progressive economic policy alternatives," Working Papers, Post Keynesian Economics Society (PKES), number PKWP1609, May.
• Jesús Fernández-Villaverde & Daniel R. Sanches, 2016, "Can currency competition work?," Working Papers, Federal Reserve Bank of Philadelphia, number 16-12, Apr.
• Bilbiie, Florin, 2016, "Optimal Forward Guidance," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11251, Apr.
• Richard K. Crump & Stefano Eusepi & Emanuel Moench, 2016, "The term structure of expectations and bond yields," Staff Reports, Federal Reserve Bank of New York, number 775, May.
• Renee Fry-McKibbin & Jasmine Zheng, 2016, "Effects of US Monetary Policy Shocks During Financial Crises - A Threshold Vector Autoregression Approach," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2016-25, May.
• Bertsch, Christoph & Hull, Isaiah & Zhang, Xin, 2016, "Fed Liftoff and Subprime Loan Interest Rates: Evidence from the Peer-to-Peer Lending Market," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 319, Apr.
• Item repec:hum:wpaper:sfb649dp2016-019 is not listed on IDEAS anymore

• Fabrice Collard & Sujoy Mukerji & Kevin Sheppard & Jean-Marc Tallon, 2011, "Ambiguity and the historical equity premium," Documents de travail du Centre d'Economie de la Sorbonne, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne, number 11032rrr, May, revised Apr 2016, DOI: 10.3982/QE708.
• Item repec:imf:imfwpa:16/74 is not listed on IDEAS anymore

• Fumio Hayashi, 2016, "Affine term structure pricing with bond supply as factors," FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta, number 2016-1, Apr.
• Item repec:dnb:dnbwpp:498 is not listed on IDEAS anymore

• L. Marattin & S. Meraglia, 2016, "Potential Output and Fiscal Rules in a Monetary Union under Asymmetric Information 2nd ed," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp1063, Apr.
• Kuzmin, Anton, 2015, "Exchange Rate Modeling: The Case of Ruble," MPRA Paper, University Library of Munich, Germany, number 71012, Sep.
• Item repec:imf:imfscr:16/89 is not listed on IDEAS anymore

• Arora, Vipin, 2016, "Credit and Oil Consumption," MPRA Paper, University Library of Munich, Germany, number 71096, Feb.
• Irena Szarowská, 2016, "Quality of Public Finance and Economic Growth in the Czech Republic," Working Papers, Silesian University, School of Business Administration, number 0030, Apr.
• Roman Frydman & Michael Goldberg & Nicholas Mangee, 2015, "New Evidence for the Present-Value Model of Stock Prices: Why the REH Version Failed Empirically," Working Papers Series, Institute for New Economic Thinking, number 2, Feb, DOI: 10.2139/ssrn.2585690.
• Mandler, Martin & Scharnagl, Michael & Volz, Ute, 2016, "Heterogeneity in euro-area monetary policy transmission: Results from a large multi-country BVAR model," Discussion Papers, Deutsche Bundesbank, number 03/2016.
• Timothy S. Fuerst & Ron Mau, 2016, "Term Premium Variability and Monetary Policy," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1611, May.
• Huixin Bi & Wenyi Shen & Shu-Chun Yang, 2016, "Debt-dependent effects of fiscal expansions," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 16-4, Mar, DOI: 10.18651/RWP2016-04.
• Item repec:dnb:dnbwpp:512 is not listed on IDEAS anymore

• Vaona, Andrea, 2016, "Anomalous empirical evidence on money long-run super-neutrality and the vertical long-run Phillips curve," Kiel Working Papers, Kiel Institute for the World Economy, number 2038.
• Item repec:imf:imfscr:16/107 is not listed on IDEAS anymore

• Item repec:ucm:wpaper:01-15 is not listed on IDEAS anymore

• Baumgarten, Daniel & Kvasnicka, Michael, 2016, "Temporary Agency Work and the Great Recession," Discussion Papers in Economics, University of Munich, Department of Economics, number 27991, Apr.
• Baumgarten, Daniel & Kvasnicka, Michael, 2016, "Temporary Agency Work and the Great Recession," IZA Discussion Papers, IZA Network @ LISER, number 9913, Apr.
• Item repec:imf:imfwpa:16/96 is not listed on IDEAS anymore

• Unger, Robert, 2016, "Traditional banks, shadow banks and the US credit boom: Credit origination versus financing," Discussion Papers, Deutsche Bundesbank, number 11/2016.
• Item repec:imf:imfscr:16/95 is not listed on IDEAS anymore

• Billstam, Maria & Frändén, Kristina & Samuelsson, Johan & Österholm, Pär, 2016, "Quasi-Real-Time Data of the Economic Tendency Survey," Working Papers, National Institute of Economic Research, number 143, Apr.
• Item repec:imf:imfscr:16/96 is not listed on IDEAS anymore

• David de la Croix & Matthias Doepke & Joel Mokyr, 2016, "Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy," Working Papers, Human Capital and Economic Opportunity Working Group, number 2016-008, Apr.
• Jaroslav Bukovina & Matus Marticek, 2016, "Sentiment and Bitcoin Volatility," MENDELU Working Papers in Business and Economics, Mendel University in Brno, Faculty of Business and Economics, number 2016-58, 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.
• Grégory Claeys & Zsolt Darvas & Alvaro Leandro, 2016, "A proposal to revive the European Fiscal Framework," Bruegel Policy Contributions, Bruegel, number 13490, Mar.
• Gilbert Cette & John G. Fernald & Benoit Mojon, 2016, "The pre-Great Recession slowdown in productivity," Working Paper Series, Federal Reserve Bank of San Francisco, number 2016-8, Mar, DOI: 10.24148/wp2016-08.
• Sander van Veldhuizen & Benedikt Vogt & Bart Voogt, 2016, "Internet searches and transactions on the housing market," CPB Discussion Paper, CPB Netherlands Bureau for Economic Policy Analysis, number 325, May.
• Geoffrey Meen & Alexander Mihailov & Yehui Wang, 2016, "Endogenous UK Housing Cycles and the Risk Premium: Understanding the Next Housing Crisis," Economics Discussion Papers, Department of Economics, University of Reading, number em-dp2016-02, Apr.
• Dünhaupt, Petra, 2016, "Financialization and the crises of capitalism," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 67/2016.
• Druedahl, Jeppe & Martinello, Alessandro, 2016, "Long-Run Saving Dynamics: Evidence from Unexpected Inheritances," Working Papers, Lund University, Department of Economics, number 2016:7, Apr, revised 08 May 2018.
• Neel Kashkari, 2016, "Update on Minneapolis Fed Ending Too Big to Fail Initiative / Neel Kashkari, President ... Minneapolis, Minnesota ... April 18, 2016," Speech, Federal Reserve Bank of Minneapolis, number 143, Apr.
• Simin Mozayeni & Simon Li, 2016, "Household Saving Rates and Social Insurance Retirement Income: An International Comparison of the OECD Countries," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 3606129, May.
• Michel Aglietta & Etienne Espagne, 2016, "Climate and finance systemic risks, more than an analogy? The climate fragility hypothesis," Working Papers, CEPII research center, number 2016-10, Apr.
• Abbassi, Puriya & Brownlees, Christian & Hans, Christina & Podlich, Natalia, 2016, "Credit risk interconnectedness: What does the market really know?," Discussion Papers, Deutsche Bundesbank, number 09/2016.
• T. Philipp Dybowski & J. Nikolaj Dybowski & Philipp Adämmer, 2016, "The Economic Effects of U.S. Presidential Tax Communication," CQE Working Papers, Center for Quantitative Economics (CQE), University of Muenster, number 4916, May.
• Klaus Abberger & Andreas Dibiasi & Michael Siegenthaler & Jan-Egbert Sturm, 2016, "The Effect of Policy Uncertainty on Investment Plans," KOF Working papers, KOF Swiss Economic Institute, ETH Zurich, number 16-406, Jan, DOI: 10.3929/ethz-a-010636396.
• Item repec:imf:imfscr:16/86 is not listed on IDEAS anymore

• Konchyn, Vadym & Horban, Yuliia, 2016, "Экономическая Точка Бифуркации Для Украинского Олигархического Государства В Контексте Модели Стационарного Бандита
  [Economic Point Of Bifurcation For Ukrainian Oligarchic State In The Stationary Bandit Model]," MPRA Paper, University Library of Munich, Germany, number 70953, Apr.
• Patrick T. Harker, 2016, "An Economic Outlook," Speech, Federal Reserve Bank of Philadelphia, number 120, Apr.
• Matt Darst & Ehraz Refayet, 2016, "Credit Default Swaps in General Equilibrium: Spillovers, Credit Spreads, and Endogenous Default," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2016-042, Apr, DOI: 10.17016/FEDS.2016.042r1.
• Rafal Kierzenkowski & Nigel Pain & Elena Rusticelli & Sanne Zwart, 2016, "The Economic Consequences of Brexit: A Taxing Decision," OECD Economic Policy Papers, OECD Publishing, number 16, Apr, DOI: 10.1787/5jm0lsvdkf6k-en.
• Item repec:ibt:wpaper:wp052016 is not listed on IDEAS anymore

• Iqbal Syed & Jan de Haan, 2016, "Age, Time, Vintage, and Price Indexes: Measuring the Depreciation Pattern of Houses," Discussion Papers, School of Economics, The University of New South Wales, number 2016-01, Feb.
• Ippei Fujiwara & Jiao Wang, 2016, "Optimal monetary policy in open economies revisited," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 272, May, DOI: 10.24149/gwp272.
• Item repec:imf:imfwpa:16/73 is not listed on IDEAS anymore

• Urbain Thierry Yogo, 2016, "The Curse of Conflict: understanding the effect of terrorism on fiscal volatility," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2016-20.
• Pawel Pisany, 2016, "Single Supervisory Mechanism as a response to the banking crisis. Analysis with the particular emphasis on the non-euro area EU member state," Working Papers, Institute of Economic Research, number 13/2016, May, revised May 2016.
• Item repec:dnb:dnbwpp:511 is not listed on IDEAS anymore

• Hasan, Md Rashel & Islam, Md Ezazul, 2016, "Financial Inclusion Index at District Levels in Bangladesh: A Distance-based Approach," MPRA Paper, University Library of Munich, Germany, number 71344, May.
• De Grauwe, Paul & Ji, Yuemei, 2016, "International correlation of business cycles in a behavioral macroeconomic model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11257, May.
• Adrian Buss & Bernard Dumas & Raman Uppal & Grigory Vilkov, 2016, "The Intended and Unintended Consequences of Financial-Market Regulations: A General Equilibrium Analysis," Carlo Alberto Notebooks, Collegio Carlo Alberto, number 449.
• Ken Urai & Hiromi Murakami, 2016, "Local Independence, Monotonicity and Axiomatic Characterization of Price-Money Message Mechanism," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 16-08, Apr.
• Georgios Bampinas & Theodore Panagiotidis, 2016, "Hedging Inflation with Individual US stocks: A long-run portfolio analysis," Working Paper series, Rimini Centre for Economic Analysis, number 16-11, Apr.
• Gerunov, Anton, 2016, "Automating Analytics: Forecasting Time Series in Economics and Business," MPRA Paper, University Library of Munich, Germany, number 71010, Apr.
• fatih ayhan, 2016, "Defining The Relationship Between The Real Exchange Volatility And Foreign Direct Investment In Turkey," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 3606278, May.
• Pietro Dallari & Antonio Ribba, 2015, "Dynamic Factor Models with In nite-Dimensional Factor Space: Asymptotic Analysis," Center for Economic Research (RECent), University of Modena and Reggio E., Dept. of Economics "Marco Biagi", number 115, Dec.
• Mackowiak, Bartosz & MatÄ›jka, Filip & Wiederholt, Mirko, 2016, "The Rational Inattention Filter," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11237, Apr.
• Anthony Venables & Samuel E Wills, 2016, "Resource Funds: Stabilizing, Parking, and Inter-Generational Transfer," OxCarre Working Papers, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford, number 171, Apr.
• Mario Forni & Luca Gambetti & Luca Sala, 2016, "VAR Information and the Empirical Validation of DSGE Models," Center for Economic Research (RECent), University of Modena and Reggio E., Dept. of Economics "Marco Biagi", number 119, Apr.
• Ljungqvist, Lars & Sargent, Thomas & Kitao, Sagiri, 2016, "A Life-Cycle Model of Trans-Atlantic Employment Experiences," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11260, May.
• Lilit Popoyan, 2016, "Macroprudential Policy: a Blessing or a Curse?," LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number 2016/21, 05.
• Mustafa Göktu? Kaya & Perihan Hazel Kaya, 2016, "Evalution Of The Relationship Between Of Tax Competition And Tax Haven In The World And Turkey," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 3606097, May.
• Item repec:imf:imfscr:16/101 is not listed on IDEAS anymore

• Michael E. Waugh & B. Ravikumar, 2016, "Measuring Openness to Trade," NBER Working Papers, National Bureau of Economic Research, Inc, number 22147, Apr.
• Mattia Guerini & Alessio Moneta, 2016, "A Method for Agent-Based Models Validation," Working Papers Series, Institute for New Economic Thinking, number 42, Apr, DOI: 10.2139/ssrn.2772133.
• Xu, Kun & Guan, Zhihua & Xu, Wenli, 2015, "省级财政支出效率空间溢出效应研究：基于超效率dea和gsm模型
  [Study on Spatial Spillover Effect of Provincial Fiscal Efficiency: Based on Super-Efficient DEA and GSM Model]," MPRA Paper, University Library of Munich, Germany, number 71132, Dec.
• Item repec:imf:imfwpa:16/79 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:16/70 is not listed on IDEAS anymore

• Bernardo Batiz-Lazo & Gustavo A. Del Angel, 2016, "The Dawn of the Plastic Jungle: The Introduction of the Credit Card in Europe and North America, 1950-1975," Economics Working Papers, Hoover Institution, Stanford University, number 16107, Mar.

Report NEP-MAC-2016-05-21

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: