Report NEP-MAC-2016-07-23

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:

• Lorenzo Burlon & Andrea Gerali & Alessandro Notarpietro & Massimiliano Pisani, 2016, "Macroeconomic effectiveness of non-standard monetary policy and early exit. A model-based evaluation," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1074, Jul.
• Kjell G. NYBORG, 2015, "Central Bank Collateral Frameworks," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-10, Feb.
• Item repec:euf:qreuro:0143 is not listed on IDEAS anymore

• Cycon, Lisa & Koetter, Michael, 2015, "Monetary Policy under the Microscope: Intra-bank Transmission of Asset Purchase Programs of the ECB," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 9/2015.
• Kliem, Martin & Kriwoluzky, Alexander & Sarferaz, Samad, 2015, "Monetary-Fiscal Policy Interaction and Fiscal Inflation: A Tale of Three Countries," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 17/2015.
• Item repec:euf:qreuro:0152 is not listed on IDEAS anymore

• Carlos Diaz Vela, 2016, "Extracting the Information Shocks from the Bank of England Inflation Density Forecasts," Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester, number 16/13.
• Marc ARNOLD & Dirk HACKBARTH & Tatjana XENIA PUHAN, 2014, "Financing Asset Sales and Business Cycles," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-11, Jan.
• Item repec:euf:qreuro:0142 is not listed on IDEAS anymore

• Ricardo Reis, 2016, "QE in the future: the central bank's balance sheet in a financial crisis," Discussion Papers, Centre for Macroeconomics (CFM), number 1620, Jul.
• Föllmi, Reto & Minsch, Rudolf & Schnell, Fabian, 2016, "What Determines Price Changes and the Distribution of Prices? Evidence from the Swiss CPI," Economics Working Paper Series, University of St. Gallen, School of Economics and Political Science, number 1610, Jul.
• Kriwoluzky, Alexander & Müller, Gernot J. & Wolf, Martin, 2015, "Exit Expectations and Debt Crises in Currency Unions," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 18/2015.
• Gunes Kamber & James Morley & Benjamin Wong, 2016, "Intuitive and Reliable Estimates of the Output Gap from a Beveridge-Nelson Filter," Discussion Papers, School of Economics, The University of New South Wales, number 2016-09, Jul.
• Item repec:euf:qreuro:0141 is not listed on IDEAS anymore

• Orphanides, Athanasios, 2016, "Fiscal implications of central bank balance sheet policies," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 105.
• Dirk Krueger & Kurt Mitman & Fabrizio Perri, 2016, "On the Distribution of the Welfare Losses of Large Recessions," Staff Report, Federal Reserve Bank of Minneapolis, number 532, Jul.
• Shahid, Muhammad & Qayyum, Abdul & Shahid, Waseem, 2016, "Fiscal and Monetary Policy Interactions in Pakistan Using a Dynamic Stochastic General Equilibrium Framework," MPRA Paper, University Library of Munich, Germany, number 72595, Jul.
• Eickmeier, Sandra & Metiu, Norbert & Prieto, Esteban, 2016, "Time-varying Volatility, Financial Intermediation and Monetary Policy," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 19/2016.
• Kamiar Mohaddes & M. Hashem Pesaran, 2016, "Oil Prices and the Global Economy: Is It Different This Time Around?," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1640, Jul.
• McKay, Alisdair & Reis, Ricardo, 2016, "Optimal automatic stabilizers," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 67049, Jun.
• António Afonso & Miguel St. Aubyn, 2016, "Economic Growth and Public and Private Investment Returns," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2016/14, Jul.
• Lugilde, Alba & Bande, Roberto & Riveiro, Dolores, 2016, "Precautionary saving in Spain during the Great Recession: evidence from a panel of uncertainty indicators," MPRA Paper, University Library of Munich, Germany, number 72436, Jul.
• Marco Casiraghi & Eugenio Gaiotti & Lisa Rodano & Alessandro Secchi, 2016, "A “reverse Robin Hood”? The distributional implications of non-standard monetary policy for Italian households," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1077, Jul.
• El-Shagi, Makram, 2016, "Much ado about nothing: Sovereign ratings and government bond yields in the OECD," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 22/2016.
• Item repec:pke:wpaper:pkwp1613 is not listed on IDEAS anymore

• Karim Triki, 2016, "Expenditure-based Consolidation: Experiences and Outcomes – Workshop proceedings," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 026, Mar.
• Susanne VON DER BECKE & Didier SORNETTE, 2014, "Toward a Unified Framework of Credit Creation," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-07, Jan.
• Mirkov, Nikola & Pozdeev, Igor & Soderlind, Paul, 2016, "Toward Removal of the Swiss Franc Cap: Market Expectations and Verbal Interventions," Working Papers on Finance, University of St. Gallen, School of Finance, number 1614, Jul.
• Daniel Melser & Iqbal A. Syed, 2016, "The Product Life Cycle and Sample Representativity Bias in Price Indexes," Discussion Papers, School of Economics, The University of New South Wales, number 2016-07, Jul.
• Juthathip Jongwanich & Petchtharin Wongcharoen & Donghyun Park, 2016, "Determinants of Consumer Price Inflation versus Producer Price Inflation in Asia," ADB Economics Working Paper Series, Asian Development Bank, number 491, Jul.
• Marta Lachowska, , "Expenditure and Confidence: Using Daily Data to Identify Shocks to Consumer Confidence," Upjohn Working Papers, W.E. Upjohn Institute for Employment Research, number ml16-oep.
• Claudio Borio & Anna Zabai, 2016, "Unconventional monetary policies: a re-appraisal," BIS Working Papers, Bank for International Settlements, number 570, Jul.
• David Aikman & Andreas Lehnert & J. Nellie Liang & Michele Modugno, 2016, "Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2016-055, Jul, DOI: 10.17016/FEDS.2016.055.
• López-Laborda, Julio & Peña, Guillermo, 2016, "Is financial VAT neutral to financial sector size?," Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel), number 2016-31.
• cho, hyejin, 2015, "Economic size and debt sustainability against Piketty's capital inequality," MPRA Paper, University Library of Munich, Germany, number 72532, Mar.
• Patrick C. Higgins & Tao Zha & Karen Zhong, 2016, "Forecasting China's Economic Growth and Inflation," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2016-7, Jul.
• João Ferreira do Amaral & João Carlos Lopes, 2016, "Self-Defeating Austerity? Assessing the Impact of Fiscal Consolidations on Unemployment," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2016/13, Jul.
• Item repec:euf:qreuro:0144 is not listed on IDEAS anymore

• Theodosios DIMOPOULOS & Stefano SACCHETTO, 2014, "Merger Activity in Industry Equilibrium," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-56, Sep, revised Jul 2015.
• Alejandro Bernales & M. di Filippo, 2016, "The Information Contained in Money Market Interactions: Unsecured vs. Collateralized Lending," Working papers, Banque de France, number 598.
• Vasilev, Aleksandar, 2016, "On the cost of opportunistic behavior in the public sector: A General-Equilibrium approach," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 142465.
• Ansgar Belke & Christian Dreger & Irina Dubova, 2016, "On the Exposure of the BRIC Countries to Global Economic Shocks," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1594.
• Olivier Blanchard, 2016, "Currency Wars, Coordination, and Capital Controls," Working Paper Series, Peterson Institute for International Economics, number WP16-9, Jul.
• Eichler, Stefan & Lähner, Tom & Noth, Felix, 2016, "Regional Banking Instability and FOMC Voting," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 15/2016.
• Item repec:wrk:warwec:1123 is not listed on IDEAS anymore

• Adrian, Tobias & Liang, Nellie, 2016, "Monetary Policy, Financial Conditions, and Financial Stability," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11394, Jul.
• Vasilev, Aleksandar, 2015, "New Keynesian Phillips Curve Estimation: The Case of Hungary /1981-2006/," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 142472.
• Teboho Jeremiah Mosikari & Diteboho Lawrance Xaba & Johannes Tshepiso Tsoku, 2016, "Macroeconomic determinants of economic growth in Botswana: The Keynesian approach," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 4006365, Aug.
• Xavier Giroud & Holger M. Mueller, 2016, "Redistribution of Local Labor Market Shocks through Firms’ Internal Networks," NBER Working Papers, National Bureau of Economic Research, Inc, number 22396, Jul.
• Foremny, Dirk & Solé-Ollé, Albert, 2016, "Who's coming to the rescue? Revenue-sharing slumps and implicit bailouts during the Great Recession," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 16-049.
• Einian, Majid & Nili, Masoud, 2016, "Consumption Smoothing and Borrowing Constraints: Evidence from Household Surveys of Iran," MPRA Paper, University Library of Munich, Germany, number 72461, Jul.
• Matthew Calver & Evan Capeluck, 2016, "Further Evidence on the Contribution of Services Outsourcing to the Decline in Manufacturing’s Employment Share in Canada," CSLS Research Reports, Centre for the Study of Living Standards, number 2016-11, Jul.
• Nicholas Kozeniauskas & Anna Orlik & Laura Veldkamp, 2016, "The Common Origin of Uncertainty Shocks," NBER Working Papers, National Bureau of Economic Research, Inc, number 22384, Jul.
• George Kopits & Benno Ferrarini & Arief Ramayandi, 2016, "Exploring Risk-Adjusted Fiscal Sustainability Analysis for Asian Economies," ADB Economics Working Paper Series, Asian Development Bank, number 483, May.
• Taylor, John B. & Wieland, Volker, 2016, "Finding the equilibrium real interest rate in a fog of policy deviations," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 103.
• Katia Berti & Eugeniu Colesnic & Cyril Desponts & Stephanie Pamies & Etienne Sail, 2016, "Fiscal Reaction Functions for European Union Countries," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 028, Apr.
• Item repec:upd:utppwp:066 is not listed on IDEAS anymore

• Item repec:euf:qreuro:0151 is not listed on IDEAS anymore

• Yoshiyuki Kurachi & Kazuhiro Hiraki & Shinichi Nishioka, 2016, "Does a Higher Frequency of Micro-level Price Changes Matter for Macro Price Stickiness?: Assessing the Impact of Temporary Price Changes," Bank of Japan Working Paper Series, Bank of Japan, number 16-E-9, Jul.
• Xiong, Qizhou, 2015, "Censored Fractional Response Model: Estimating Heterogeneous Relative Risk Aversion of European Households," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 11/2015.
• António Afonso, & Manish K. Singh, 2016, "Is the supply of long-term debt independent of the term premia? Evidence from Portugal," Working Papers Department of Economics, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa, number 2016/11, May.
• Belke, Ansgar & Klose, Jens, 2016, "Equilibrium real interest rates and secular stagnation: An empirical analysis for euro area member countries," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 621, DOI: 10.4419/86788723.
• Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2016, "Monetary policy, the financial cycle and ultra-low interest rates," BIS Working Papers, Bank for International Settlements, number 569, Jul.
• Aleksander Berentsen, 2016, "Limited Commitment and the Demand for Money," 2016 Meeting Papers, Society for Economic Dynamics, number 104.
• Mustafa Kiziltan & Anna Golovko, 2016, "Testing the Saving-Investment Relationship for the Country Groups Classified by Income Levels," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 4006505, Aug.
• Siem Jan Koopman & Rutger Lit & Andre Lucas, 2016, "Model-based Business Cycle and Financial Cycle Decomposition for Europe and the U.S," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 16-051/IV, Jul.
• Michael Weber & Ali Ozdagli, 2016, "Monetary Policy Through Production Networks: Evidence from the Stock Market," 2016 Meeting Papers, Society for Economic Dynamics, number 148.
• Holtemöller, Oliver & Mallick, Sushanta, 2015, "Global Food Prices and Business Cycle Dynamics in an Emerging Market Economy," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 15/2015.
• Damir FILIPOVIC & Martin LARSSON & Anders TROLLE, 2014, "Linear-Rational Term Structure Models," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-15, Feb.
• Bruno Martorano & Donghyun Park & Marco Sanfilippo, 2016, "Catching Up, Structural Transformation, and Inequality: Lessons from Asia," ADB Economics Working Paper Series, Asian Development Bank, number 488, Jun.
• Hao MENG & Wei-Xing ZHOU & Didier SORNETTE, 2014, "Symmetric Thermal Optimal Path and Time-Dependent Lead-Lag Relationship: Novel Statistical Tests and Application to UK and US Real-Estate and Monetary Policies," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-57, Aug, revised Nov 2014.
• Kyle Jurado, 2016, "Advance Information and Distorted Beliefs in Macroeconomic and Financial Fluctuations," 2016 Meeting Papers, Society for Economic Dynamics, number 154.
• Eric JONDEAU & Michael ROCKINGER, 2014, "Optimal Long-Term Allocation with Pension Fund Liabilities," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-58, Oct.
• Knetsch, Thomas A. & Nagengast, Arne J., 2016, "On the dynamics of the investment income balance," Discussion Papers, Deutsche Bundesbank, number 21/2016.
• Eichler, Stefan & Littke, Helge & Tonzer, Lena, 2016, "Central Bank Transparency and Cross-border Banking," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 16/2016.
• Mathias Trabandt & Karl Walentin & Lawrence Christiano, 2016, "Involuntary Unemployment and the Business Cycle," 2016 Meeting Papers, Society for Economic Dynamics, number 194.
• Jim Fischer, 2016, "The effects of replacing income tax with consumption tax on the state and the individual: a Canadian example," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 4006520, Aug.
• Gustavo Adolfo HERNANDEZ DIAZ & Margarita MAR�N JARAMILLO, 2016, "Pronóstico del Consumo Privado: Usando datos de alta frecuencia para el pronóstico de variables de baja frecuencia," Archivos de Economía, Departamento Nacional de Planeación, number 14828, Jul.
• Patrick T. Harker, 2016, "Building a Healthy Long-Term Economy: Economy League of Greater Philadelphia, Philadelphia PA July 13, 2016," Speech, Federal Reserve Bank of Philadelphia, number 122, Jul.
• Giorgio Ferrari, 2016, "On the Optimal Management of Public Debt: a Singular Stochastic Control Problem," Papers, arXiv.org, number 1607.04153, Jul, revised Dec 2017.
• Neel Kashkari, 2016, "An Update on Ending Too Big to Fail / Neel Kashkari, President ... Washington, D.C. ... June 20, 2016," Speech, Federal Reserve Bank of Minneapolis, number 185, Jun.
• Markus Brueckner & Birgit Hansl, 2016, "Drivers of Growth in Russia," ANU Working Papers in Economics and Econometrics, Australian National University, College of Business and Economics, School of Economics, number 2016-640, Jul.
• Christine L. Dobridge, 2016, "For Better and for Worse? Effects of Access to High-Cost Consumer Credit," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2016-056, Jul, DOI: 10.17016/FEDS.2016.056.
• Shigeru Fujita & Giuseppe Moscarini, 2016, "Recall and Unemployment," 2016 Meeting Papers, Society for Economic Dynamics, number 196.
• Thorsten Beck & Ravindra Ramrattan & Haki Pamuk & Burak R. Uras, 2016, "Payment Instruments, Enforceability and Development: Evidence from Mobile Money Technology," 2016 Meeting Papers, Society for Economic Dynamics, number 198.
• Barry Eichengreen & Donghyun Park & Kwanho Shin, 2016, "Deflation in Asia: Should the Dangers Be Dismissed?," ADB Economics Working Paper Series, Asian Development Bank, number 490, Jul.
• Emi Nakamura & Jósef Sigurdsson & Jón Steinsson, 2016, "The Gift of Moving: Intergenerational Consequences of a Mobility Shock," NBER Working Papers, National Bureau of Economic Research, Inc, number 22392, Jul.
• Jasmin Thomas, 2016, "Nunavik's Labour Market and Educational Attainment Paradox," CSLS Research Reports, Centre for the Study of Living Standards, number 2016-13, Jul.
• Vedunka Kopecna, 2016, "Public Employment Effects over the Business Cycle: the Czech Case," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2016/13, Jul, revised Jul 2016.
• Grazia Biorci & Antonella Emina & Michelangelo Puliga & Lisa Sella & Gianna Vivaldo, 2016, "Tweet-tales: moods of socio-economic crisis?," Working Papers, IMT School for Advanced Studies Lucca, number 04/2016, Jul, revised Jul 2016.
• Alan J Auerbach, 2016, "Long-Term Fiscal Sustainability in Advanced Economies," Asia and the Pacific Policy Studies, Crawford School of Public Policy, The Australian National University, number 201614, Jul.
• Patrick Feve, 2016, "Sentiments in SVARs," 2016 Meeting Papers, Society for Economic Dynamics, number 175.
• Buchholz, Manuel & Tonzer, Lena & Berner, Julian, 2016, "Asymmetric Investment Responses to Firm-specific Uncertainty," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 7/2016.
• Mario Ravioli, 2016, "Minimum quantitative requirements for commercial lending with interest rate caps: The case of Argentina," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 4006626, Aug.
• ?smail CAKMAK, 2016, "20. Century?s Economic Crises and Their Effects on Turkey?s Economy," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 4006611, Aug.
• Nico Palesch, 2016, "Creating Opportunity in Inuit Nunangat: The Crisis in Inuit Education and Labour Market Outcomes," CSLS Research Reports, Centre for the Study of Living Standards, number 2016-12, Jul.
• Beate Jochimsen & Christian Raffer, 2016, "Herausforderungen bei der Messung von Wohlfahrt," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1595.

Report NEP-MAC-2016-07-23

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: