Report NEP-MAC-2016-05-28

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:

• Osborne, Matthew, 2016. "Monetary policy and volatility in the sterling money market," Bank of England working papers 588, Bank of England.
• Michael T. Belongia & Peter N. Ireland, 2016. "Targeting Constant Money Growth at the Zero Lower Bound," Boston College Working Papers in Economics 913, Boston College Department of Economics.
• Kyle Herkenhoff & Gordon Phillips & Ethan Cohen-Cole, 2016. "How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output," NBER Working Papers 22274, National Bureau of Economic Research, Inc.
• Castillo, Paul & Montoya, Jimena & Quineche, Ricardo, 2016. "From the “Great Inflation” to the “Great Moderation” in Peru: A Time Varying Structural Vector Autoregressions Analysis," Working Papers 2016-003, Banco Central de Reserva del Perú.
• Gary Gorton & Ellis W. Tallman, 2016. "Too-Big-to-Fail before the Fed," Working Papers (Old Series) 1612, Federal Reserve Bank of Cleveland.
• Marco Del Negro & Gauti Eggertsson & Andrea Ferrero & Nobuhiro Kiyotaki, 2016. "The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities," NBER Working Papers 22259, National Bureau of Economic Research, Inc.
• Hein, Eckhard, 2016. "Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model," IPE Working Papers 68/2016, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Aida Caldera Sánchez & Alain de Serres & Naomitsu Yashiro, 2016. "Reforming in a difficult macroeconomic context: A review of the issues and recent literature," OECD Economics Department Working Papers 1297, OECD Publishing.
• John G. Fernald & J. Christina Wang, 2016. "Why has the cyclicality of productivity changed? What does it mean?," Working Paper Series 2016-7, Federal Reserve Bank of San Francisco.
• Fernando M. Duarte, 2016. "How to escape a liquidity trap with interest rate rules," Staff Reports 776, Federal Reserve Bank of New York.
• Shahzad Ahmad & Farooq Pasha & Muhammad Rehman, 2016. "The Role of Money in Explaining Business Cycles for a Developing Economy: The Case of Pakistan," SBP Working Paper Series 74, State Bank of Pakistan, Research Department.
• Siddhartha Chattopadhyay & Taniya Ghosh, 2016. "Cost channel, interest rate pass-through and optimal monetary policy under zero lower bound," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2016-012, Indira Gandhi Institute of Development Research, Mumbai, India.
• Zulkhibri, Muhamed & Sukmana, Raditya, 2016. "Financing Channel and Monetary Policy: Evidence from Islamic Banking in Indonesia," Working Papers 2016-1, The Islamic Research and Teaching Institute (IRTI).
• Laura E. Jackson & Michael T. Owyang & Daniel Soques, 2016. "Nonlinearities, Smoothing and Countercyclical Monetary Policy," Working Papers 2016-8, Federal Reserve Bank of St. Louis.
• Takemasa Oda, 2016. "Optimal Inflation Rate in a Life-Cycle Economy," IMES Discussion Paper Series 16-E-05, Institute for Monetary and Economic Studies, Bank of Japan.
• Kim, Minseong, 2016. "Aspects of Stickiness in Understanding Inflation," MPRA Paper 71036, University Library of Munich, Germany.
• W Max Corden & Sisira Jayasuriya, 2016. "The Japanese macroeconomic mystery," Departmental Working Papers 2016-03, The Australian National University, Arndt-Corden Department of Economics.
• Muhammad Ali Choudhary & Saima Naeem & Gylfi Zoega, 2016. "Informal Labour Markets in Pakistan," SBP Working Paper Series 75, State Bank of Pakistan, Research Department.
• G. Fagiolo & A. Roventini, 2016. "Macroeconomic policy in DGSE and agent based models redux : new developments and challenges ahead," Documents de Travail de l'OFCE 2016-11, Observatoire Francais des Conjonctures Economiques (OFCE).
• M. E. Bontempi & R. Golinelli & M. Squadrani, 2016. "A New Index of Uncertainty Based on Internet Searches: A Friend or Foe of Other Indicators?," Working Papers wp1062, Dipartimento Scienze Economiche, Universita' di Bologna.
• Luciano Barra Caracciolo, 2016. "Profili di illegittimità costituzionale della c.d. "Unione bancaria" e del bail-in nel quadro della moneta unica," a/ Working Papers Series 1604, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
• Item repec:spo:wpmain:info:hdl:2441/7qiov5j7308rbprdcjkq8udd2u is not listed on IDEAS anymore

• Rosas-Martinez, Victor H., 2016. "On Monetary Policy, Unemployment, and Economic Growth," MPRA Paper 70980, University Library of Munich, Germany.
• Njindan Iyke, Bernard, 2016. "Real Output and Oil Price Uncertainty: Evidence from an Oil Producing Country," MPRA Paper 71307, University Library of Munich, Germany, revised 01 Apr 2016.
• Paul Davidson, 2016. "Full Employment, Open Economy Macroeconomics, and Keynes' General Theory: Does the Swan Diagram Suffice?," Working Papers Series 35, Institute for New Economic Thinking.
• Matthew Chambers & Carlos Garriga & Don E. Schlagenhauf, 2016. "The Postwar Conquest of the Home Ownership Dream," Working Papers 2016-7, Federal Reserve Bank of St. Louis.
• Bulent Ozel & Reynold Christian Nathanael & Marco Raberto & Andrea Teglio & Silvano Cincotti, 2016. "Macroeconomic implications of mortgage loans requirements: An agent based approach," Working Papers 2016/05, Economics Department, Universitat Jaume I, Castellón (Spain).
• Lee E. Ohanian, 2016. "The Great Recession in the Shadow of the Great Depression: A Review Essay on “Hall of Mirrors: The Great Depression, The Great Recession and the Uses and Misuses Of History”," NBER Working Papers 22239, National Bureau of Economic Research, Inc.
• Jean-Charles Bricongne & Aurora Maria Mordonu, 2015. "Interlinkages between Household and Corporate Debt in Advanced Economies," European Economy - Discussion Papers 017, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Massimo Amato & Luca Fantacci & Dimitri B. Papadimitriou & Gennaro Zezza, 2016. "Going Forward from B to A? Proposals for the Eurozone Crisis," Economics Working Paper Archive wp_866, Levy Economics Institute.
• Maria Cristina Recchioni & Gabriele Tedeschi, 2016. "From bond yield to macroeconomic instability: The effect of negative interest rates," Working Papers 2016/06, Economics Department, Universitat Jaume I, Castellón (Spain).
• Lindé, Jesper & Smets, Frank & Wouters, Rafael, 2016. "Challenges for Central Banks´ Macro Models," Working Paper Series 323, Sveriges Riksbank (Central Bank of Sweden).
• Rostom,Ahmed Mohamed Tawfick, 2016. "Money demand in the Arab Republic of Egypt : a vector equilibrium correction model," Policy Research Working Paper Series 7679, The World Bank.
• Pagano, Marco & Simonelli, Saverio & Altavilla, Carlo, 2016. "Bank Exposures and Sovereign Stress Transmission," CEPR Discussion Papers 11269, C.E.P.R. Discussion Papers.
• Li, Defu & Huang, Jiuli, 2016. "The steady-state growth conditions of neoclassical growth model and Uzawa theorem revisited," MPRA Paper 71512, University Library of Munich, Germany, revised 21 May 2016.
• Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2016. "Diagnostic Expectations and Credit Cycles," NBER Working Papers 22266, National Bureau of Economic Research, Inc.
• Xu, Kun & Xu, Wenli, 2015. "中国政府消费支出对经济波动的传导机理分析 [Study on Influential Mechanism Between Government Expenditure of Consumption and Economic Fluctuation]," MPRA Paper 70994, University Library of Munich, Germany, revised Dec 2015.
• Basutkar, Tirupati, 2016. "Money Demand in India," MPRA Paper 70495, University Library of Munich, Germany.
• Ulrich Volz, 2016. "Regional Financial Integration in East Asia against the Backdrop of Recent European Experiences," Working Papers 194, Department of Economics, SOAS University of London, UK.
• Marcus Hagedorn & Iourii Manovskii & Kurt Mitman, 2016. "Interpreting Recent Quasi-Experimental Evidence on the Effects of Unemployment Benefit Extensions," NBER Working Papers 22280, National Bureau of Economic Research, Inc.
• Li, Defu & Bental, Benjamin, 2016. "What determines the direction of technological progress?," MPRA Paper 71517, University Library of Munich, Germany.
• Mitman, Kurt & Hagedorn, Marcus & Manovskii, Iourii, 2016. "Interpreting Recent Quasi-Experimental Evidence on the Effects of Unemployment Benefit Extensions," CEPR Discussion Papers 11290, C.E.P.R. Discussion Papers.
• K. Mc Morrow & W. Roeger & V. Vandermeulen & K. Havik, 2015. "An assessment of the relative quality of the Output Gap estimates produced by the EU's Production Function Methodology," European Economy - Discussion Papers 020, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Klaus Wälde, 2016. "Pareto-Improving Redistribution of Wealth - The Case of the NLSY 1979 Cohort," Working Papers 1610, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
• César Carrera, 2016. "Identifying the exchange-rate balance sheet effect over firms," Working Papers 66, Peruvian Economic Association.
• Daniela Bragoli & Michele Modugno, 2016. "A Nowcasting Model for Canada: Do U.S. Variables Matter?," Finance and Economics Discussion Series 2016-036, Board of Governors of the Federal Reserve System (U.S.).
• Alberto Caruso & Lucrezia Reichlin & Giovanni Ricco, 2015. "The Legacy Debt and the Joint Path of Public Deficit and Debt in the Euro Area," European Economy - Discussion Papers 010, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Markus Brueckner, 2016. "Rent extraction by capitalists," CAMA Working Papers 2016-20, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Timo Boppart & Per Krusell, 2016. "Labor Supply in the Past, Present, and Future: a Balanced-Growth Perspective," NBER Working Papers 22215, National Bureau of Economic Research, Inc.
• Richard G. Anderson & Michael Bordo & John V. Duca, 2016. "Money and Velocity During Financial Crises: From the Great Depression to the Great Recession," Economics Working Papers 16111, Hoover Institution, Stanford University.
• Mankart, Jochen & Oikonomou, Rigas, 2016. "The rise of the added worker effect," Discussion Papers 10/2016, Deutsche Bundesbank.
• Barbara Annicchiarico & Susan Battles & Fabio Di Dio & Pierfrancesco Molina & Pietro Zoppoli, 2016. "GEEM: a policy model for assessing climate-energy reforms in Italy," Working Papers 3, Department of the Treasury, Ministry of the Economy and of Finance.
• Geromichalos, Athanasios & Herrenbrueck, Lucas, 2016. "The Strategic Determination of the Supply of Liquid Assets," MPRA Paper 71454, University Library of Munich, Germany.
• Shyam Upadhyaya & Liudmila Kitrar & Georgy Vladimirovich Ostapkovich & Tamara Lipkind, 2016. "The Main Vectors of Cross-Border Development in the CIS Industrial and Economic Space: Convergence, Potential, Cross-Country Gaps," HSE Working papers WP BRP 60/STI/2016, National Research University Higher School of Economics.
• Ali-Yrkkö, Jyrki & Seppälä, Timo & Mattila, Juri, 2016. "The Role of the Largest Companies and Their Value Chains in the Economy," ETLA Reports 53, The Research Institute of the Finnish Economy.
• Skott, Peter, 2016. "Weaknesses of 'wage-led growth'," UMASS Amherst Economics Working Papers 2016-08, University of Massachusetts Amherst, Department of Economics.
• Afflatet, Nicolas, 2016. "Deficit Policy within the Framework of the Stability and Growth Pact - Empirical Results and Lessons for the Fiscal Compact," Working Paper 168/2016, Helmut Schmidt University, Hamburg.
• Eric Rosengren, 2016. "Exploring the economy's progress and outlook: remarks at the Greater Concord Chamber of Commerce, Concord, New Hampshire, May 12, 2016," Speech 107, Federal Reserve Bank of Boston.
• Charles W. Calomiris & Matthew Jaremski, 2016. "Deposit Insurance: Theories and Facts," NBER Working Papers 22223, National Bureau of Economic Research, Inc.
• Pierre Aldama & Jérôme Creel, 2016. "Why fiscal regimes matter for fiscal sustainability analysis: an application to France," SciencePo Working papers Main hal-03459336, HAL.
• Gustavo Adler & Ruy Lama & Juan Pablo Medina Guzman, 2016. "Foreign Exchange Intervention under Policy Uncertainty," IMF Working Papers 16/67, International Monetary Fund.
• Loretta J. Mester, 2016. "Recent Inflation Developments and Challenges for Research and Monetary Policymaking : The 47th Konstanz Seminar on Monetary Theory and Monetary Policy, Insel Reichenau, Germany 5-12-2016," Speech 71, Federal Reserve Bank of Cleveland.
• Jaromir Benes & Douglas Laxton & Joannes Mongardini, 2016. "Mitigating the Deadly Embrace in Financial Cycles; Countercyclical Buffers and Loan-to-Value Limits," IMF Working Papers 16/87, International Monetary Fund.
• Eric Rosengren, 2016. "Perspectives on risks: both economic and cyber: remarks at the Federal Reserve Bank of Boston's 2016 Cybersecurity Conference, April 4, 2016," Speech 105, Federal Reserve Bank of Boston.
• Michelle Lewis & Dr John McDermott, 2016. "New Zealand's experience with changing its inflation target and the impact on inflation expectations," Reserve Bank of New Zealand Discussion Paper Series DP2016/07, Reserve Bank of New Zealand.
• Marcel Fratzscher & Malte Rieth, 2015. "Monetary Policy, Bank Bailouts and the Sovereign-Bank Risk Nexus in the Euro Area," European Economy - Discussion Papers 009, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Fedotenkov, Igor, 2016. "Ignorance is bliss: Should a pension reform be announced?," MPRA Paper 71336, University Library of Munich, Germany.
• Francis Bismans & Igor N. Litvine, 2016. "Forecasting with Neural Networks Models," Working Papers of BETA 2016-28, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Davide Debortoli & Ricardo Nunes & Pierre Yared, 2016. "Optimal time-consistent government debt maturity," Working Papers 16-4, Federal Reserve Bank of Boston.
• Marek Dabrowski, 2015. "Monetary Union and Fiscal and Macroeconomic Governance," European Economy - Discussion Papers 013, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• José De Gregorio, 2016. "Large Depreciations: Recent Experience in Historical Perspective," Working Paper Series WP16-8, Peterson Institute for International Economics.
• Nagayasu, Jun, 2016. "Inflation and Bubbles in the Japanese Condominium Market," MPRA Paper 71192, University Library of Munich, Germany.
• Stefan Eichler & Helge Littke & Lena Tonzer, 2016. "Central Bank Transparency and Cross-border Banking," IWH Discussion Papers 16, Halle Institute for Economic Research.
• Francesco Potente & Antonio Scalia, 2016. "Market timing and performance attribution in the ECB reserve management framework," Temi di discussione (Economic working papers) 1062, Bank of Italy, Economic Research and International Relations Area.
• Margherita Russo & Francesco Pagliacci, 2016. "Socio-economic effects of an earthquake:does sub-regional counterfactual sampling matter in estimates? An empirical test on the 2012 Emilia-Romagna earthquake," Center for the Analysis of Public Policies (CAPP) 0139, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
• International Monetary Fund, 2016. "Solomon Islands; 2016 Article IV Consultation and Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Solomo," IMF Staff Country Reports 16/90, International Monetary Fund.
• Mauro Costantini & Iris Meco & Antonio Paradiso, 2016. "Common trends in the US state-level crime.What do panel data say?," Working Papers 2016:14, Department of Economics, University of Venice "Ca' Foscari".
• Lorenza Rossi & Emilio Zanetti Chini, 2016. "Firms’ Dynamics and Business Cycle: New Disaggregated Data," DEM Working Papers Series 123, University of Pavia, Department of Economics and Management.
• International Monetary Fund, 2016. "Botswana; 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana," IMF Staff Country Reports 16/103, International Monetary Fund.
• Jose-Maria Da-Rocha & Marina Mendes Tavares & Diego Restuccia, 2016. "Firing Costs, Misallocation, and Aggregate Productivity," Working Papers tecipa-561, University of Toronto, Department of Economics.
• Gilles Mourre & Savina Princen, 2015. "Tax Revenue Elasticities Corrected for Policy Changes in the EU," European Economy - Discussion Papers 018, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Perihan Hazel Kaya & Mustafa Göktu? Kaya, 2016. "Policies That Increase Savings: Private Pension System Implementation In Turkey," Proceedings of International Academic Conferences 3606078, International Institute of Social and Economic Sciences.
• Batten,, Sandra & Sowerbutts, Rhiannon & Tanaka, Misa, 2016. "Let’s talk about the weather: the impact of climate change on central banks," Bank of England working papers 603, Bank of England.
• Luis Catão & Marco Terrones, 2016. "Financial De-Dollarization; A Global Perspective and the Peruvian Experience," IMF Working Papers 16/97, International Monetary Fund.
• Joseph Halevi, 2016. "Luigi Pasinetti and the Political Economy of Growth and Distribution," Working Papers Series 40, Institute for New Economic Thinking.
• Wieladek, Tomasz & De Marco, Filippo, 2016. "The Real Effects of Capital Requirements and Monetary Policy: Evidence from the United Kingdom," CEPR Discussion Papers 11265, C.E.P.R. Discussion Papers.
• Stefano Bosi & Cuong Le Van & Ngoc-Sang Pham, 2016. "Asset bubbles and efficiency in a generalized two-sector model," Documents de travail du Centre d'Economie de la Sorbonne 16029, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Bholat, David & Darbyshire, Robin, 2016. "Accounting in central banks," Bank of England working papers 604, Bank of England.
• Alberto Martin, 2016. "Reverse speculative attacks: A comment," Economics Working Papers 1522, Department of Economics and Business, Universitat Pompeu Fabra.
• Sergey Ivashchenko, 2016. "Estimation and filtering of nonlinear MS-DSGE models," HSE Working papers WP BRP 136/EC/2016, National Research University Higher School of Economics.
• James B. Bullard, 2016. "Slow Normalization or No Normalization? : a presentation at 35th Annual Economic Forecast Project, Santa Barbara County Summit, Santa Barbara, Calif. May 5, 2016," Speech 267, Federal Reserve Bank of St. Louis.
• Daniel Hartley & Anna L. Paulson & Richard J. Rosen, 2016. "Measuring Interest Rate Risk in the Life Insurance Sector: The U.S. and the U.K," Working Paper Series WP-2016-2, Federal Reserve Bank of Chicago.
• Schreiber, Sven & Beblo, Miriam, 2016. "Leisure and housing consumption after retirement: New evidence on the life-cycle hypothesis," Discussion Papers 2016/8, Free University Berlin, School of Business & Economics.
• Janko Cizel & Jon Frost & Aerdt G. F. J. Houben & Peter Wierts, 2016. "Effective Macroprudential Policy; Cross-Sector Substitution from Price and Quantity Measures," IMF Working Papers 16/94, International Monetary Fund.
• Salvador Ortigueira & Nawid Siassi, 2016. "Anti-poverty Income Transfers in the U.S.: A Framework for the Evaluation of Policy Reforms," Working Papers 2016-04, University of Miami, Department of Economics.
• Hernández del Valle Gerardo & Juárez-Torres Miriam & Guerrero Santiago, 2016. "A Functional Approach to Test Trending Volatility," Working Papers 2016-04, Banco de México.
• Håvard Hungnes, 2016. "Fractionality and co-fractionality between Government Bond yields," Discussion Papers 838, Statistics Norway, Research Department.