Report NEP-MAC-2016-07-30
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:
- Tunc, Cengiz & Kılınç, Mustafa, 2016, "The Asymmetric Effects of Monetary Policy on Economic Activity in Turkey," MPRA Paper, University Library of Munich, Germany, number 72688, Feb, revised 22 Jul 2016.
- Al-Jarhi, Mabid, 2015, "An Economic Theory of Islamic Finance Regulation," MPRA Paper, University Library of Munich, Germany, number 72689, Nov, revised 01 Mar 2016.
- Michael Hachula & Michele Piffer & Malte Rieth, 2016, "Unconventional Monetary Policy, Fiscal Side Effects and Euro Area (Im)balances," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1596.
- Reinder Haitsma & Deren Unalmis & Jakob de Haan, 2016, "The Impact of the ECB�s Conventional and Unconventional Monetary Policies on Stock Markets," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1605.
- Reis, Ricardo, 2016, "QE in the future: the central bank's balancesheet in a fiscal crisis," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 67210, Jul.
- Mirna Dumičić, 2015, "Financial Stability Indicators – the Case of Croatia," Working Papers, The Croatian National Bank, Croatia, number 43, Sep.
- Eric Jondeau & Michael Rockinger, 2016, "Forecasting Financial Returns with a Structural Macroeconomic Model," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 16-13, Mar.
- Moon, Weh-Sol, 2016, "The Business Cycle with Nominal Contracts and Search Frictions," MPRA Paper, University Library of Munich, Germany, number 72666, Jul.
- Stephane Moyen & Nikolai Stähler & Fabian Winkler, 2016, "Optimal Unemployment Insurance and International Risk Sharing," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2016-054, Jul, DOI: 10.17016/FEDS.2016.054.
- Chattopadhyay, Siddhartha & Sahu, Sohini & Jha, Saakshi, 2016, "Estimation of Unobserved Inflation Expectations in India using State-Space Model," MPRA Paper, University Library of Munich, Germany, number 72710, Jul.
- Philippe BACCHETTA & Kenza BENHIMA & Céline POILLY, 2014, "Corporate Cash and Employment," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-01, Jan.
- Broer, Tobias & Öberg, Erik & Harbo Hansen, Niels-Jakob, 2016, "The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11382, Jul.
- Eric JONDEAU & Amir KHALILZADEH, 2015, "Collateralization, Leverage, and Stressed Expected Loss," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-24, Jul, revised Aug 2015.
- Philippon, Thomas & Midrigan, Virgiliu, 2016, "Household Leverage and the Recession," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11407, Jul.
- Vuslat Us, 2016, "A Dynamic Approach to Analyzing the Effect of the Global Crisis on Non-Performing Loans : Evidence from the Turkish Banking Sector," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1612.
- Sandro Claudio LERA & Didier SORNETTE, 2015, "Constrained Random Walk Models for Euro/Swiss Franc Exchange Rates: Theory and Empirics," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-33, Aug.
- Suleyman Hilmi Kal & Ferhat Arslaner & Nuran Arslaner, 2015, "Sources of Asymmetry and Non-linearity in Pass-Through of Exchange Rate and Import Price to Consumer Price Inflation for the Turkish Economy during Inflation Targeting Regime," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1530.
- Makoto Nakajima, 2016, "Assessing Bankruptcy Reform in a Model with Temptation and Equilibrium Default," Working Papers, Federal Reserve Bank of Philadelphia, number 16-21, Jul.
- Linde, Jesper & Lemoine, Matthieu, 2016, "Fiscal Consolidation Under Imperfect Credibility," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11404, Jul.
- Annalisa Bucalossi & Antonio Scalia, 2016, "Leverage ratio, central bank operations and repo market," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 347, Jul.
- Jörn-Steffen Pischke, 2016, "Wage flexibility and employment fluctuations: evidence from the housing sector," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp1440, Jul.
- James A. Giesecke & Peter B. Dixon & Maureen T. Rimmer, 2016, "The Economy-wide Impact of a Rise in Commercial Bank Capital Adequacy Ratios," Centre of Policy Studies/IMPACT Centre Working Papers, Victoria University, Centre of Policy Studies/IMPACT Centre, number g-261, May.
- Mirna Dumičić, 2015, "A Brief Introduction to the World of Macroprudential Policy," Surveys, The Croatian National Bank, Croatia, number 18, Aug.
- Brian Bolarinwa Ogundairo & Mauro Rodrigues, 2016, "Previdência e taxa de juros no Brasil," Working Papers, Department of Economics, University of São Paulo (FEA-USP), number 2016_11, Jul.
- de la Fonteijne, Marcel R., 2014, "The (F)Laws of Piketty’s Capitalism: A Fundamental Approach," MPRA Paper, University Library of Munich, Germany, number 72719, Dec.
- Juergen Jung & Chung Tran & Matthew Chambers, 2016, "Aging and Health Financing in the US:A General Equilibrium Analysis," ANU Working Papers in Economics and Econometrics, Australian National University, College of Business and Economics, School of Economics, number 2016-641, Jul.
- Venky Venkateswaran & Laura Veldkamp & Julian Kozlowski, 2016, "The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation," 2016 Meeting Papers, Society for Economic Dynamics, number 245.
- Al-Jarhi, Mabid, 2016, "An economic theory of Islamic finance," MPRA Paper, University Library of Munich, Germany, number 72698, Jul.
- Yi Wen & Xiaochuan Xing & Patrick Pintus, 2016, "Interest Rate Dynamics, Variable-Rate Loans, and the Business Cycle," 2016 Meeting Papers, Society for Economic Dynamics, number 293.
- Aleksandar Vasilev, 2016, "Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation," EERI Research Paper Series, Economics and Econometrics Research Institute (EERI), Brussels, number EERI RP 2016/18, Jul.
- Philippon, Thomas & Faria e castro, Miguel & Martinez, Joseba, 2016, "Runs versus Lemons: Information Disclosure and Fiscal Capacity," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11408, Jul.
- Vasilev, Aleksandar, 2016, "Progressive taxation and (in)stability in an endogenous growth model with human capital accumulation: the case of Bulgaria," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 144212.
- Dongho Song, 2016, "Bond Market Exposures to Macroeconomic and Monetary Policy Risks," Boston College Working Papers in Economics, Boston College Department of Economics, number 915, May, revised 19 Jul 2016.
- Nicolas Roys, 2016, "Persistence of Shocks and the Reallocation of Labor," Working Papers, Federal Reserve Bank of St. Louis, number 2016-14, Jul, DOI: 10.20955/wp.2016.014.
- Linde, Jesper & Smets, Frank & Wouters, Rafael, 2016, "Challenges for Central Banks' Macro Models," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11405, Jul.
- Joshua C.C. Chan & Angelia L. Grant, 2016, "Reconciling Output Gaps: Unobserved Components Model and Hodrick-Prescott Filter," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2016-44, Jul.
- Dario Caldara & Michele Cavallo & Matteo Iacoviello, 2016, "Oil Price Elasticities and Oil Price Fluctuations," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1173, Jul, DOI: 10.17016/IFDP.2016.1173.
- Mahir Binici & Hakan Kara & Pinar Ozlu, 2016, "Faiz Koridoru ve Banka Faizleri : Parasal Aktarim Mekanizmasina Dair Bazi Bulgular," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1608.
- Sandro Claudio LERA & Didier SORNETTE, 2015, "Nonparametric Empirical Evidence for Krugman's Target Zone Model," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-22, Jul.
- Chrysa Leventi & Manos Matsaganis, 2016, "Estimating the distributional impact of the Greek crisis (2009-2014)," OECD Economics Department Working Papers, OECD Publishing, number 1312, Jul, DOI: 10.1787/5jlv2jl6c9f3-en.
- Mirna Dumičić, 2014, "Financial Stress Indicators for Small, Open, Highly Euroised Countries – the Case of Croatia," Working Papers, The Croatian National Bank, Croatia, number 41, Dec.
- Sandro Claudio LERA & Didier SORNETTE, 2015, "Secular Bipolar Growth Rate of the Real US GDP Per Capita: Implications for Understanding Past and Future Economic Growth," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-62, Dec.
- Jena, Pratap Ranjan & Bhadra, Kausik K. & Sikdar, Satadru, 2016, "Search for Resources in a High Income State: A Study of State Finances of Sikkim," Working Papers, National Institute of Public Finance and Policy, number 16/170, May.
- Guriev, Sergei & Speciale, Biagio & Tuccio, Michele, 2016, "How do regulated and unregulated labor markets respond to shocks? Evidence from immigrants during the Great Recession," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11403, Jul.
- Bell, Peter N, 2015, "Effects of Long Cycles in Cash Flows on Present Value," MPRA Paper, University Library of Munich, Germany, number 72681, Nov.
- James B. Bullard, 2016, "A Tale of Two Narratives : a presentation at St. Louis Gateway Chapter of the National Association for Business Economics (NABE), July 12, 2016," Speech, Federal Reserve Bank of St. Louis, number 272, Jul.
- Gonul Sengul, 2016, "Search by Firms and Labor Market Policies," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1607.
- Kurmas Akdogan & Neslihan Kaya Eksi & Ozan Eksi, 2016, "Cross-Border Capital Flows in Emerging Markets : Demand-Pull or Supply-Push?," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1615.
- Kajal Lahiri & Yongchen Zhao, 2016, "Determinants of Consumer Sentiment over Business Cycles: Evidence from the U.S. Surveys of Consumers," Working Papers, Towson University, Department of Economics, number 2016-14, Jul, revised Jul 2016.
- Nataliya Klimenko & Sebastian Pfeil & Jean-Charles Rochet & Gianni De Nicolo, 2016, "Aggregate Bank Capital and Credit Dynamics," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 16-42, Jun.
- Punnoose Jacob & Lenno Uuskula, 2016, "Deep habits and exchange rate pass-through," Bank of Estonia Working Papers, Bank of Estonia, number wp2016-4, Jul, revised 19 Jul 2016.
- Selen Baser Andic, 2016, "On Estimation of the Normalized CES Production Function for Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1613.
- Tomas Havranek & Anna Sokolova, 2016, "Do Consumers Really Follow a Rule of Thumb? Three Thousand Estimates from 130 Studies Say “Probably Not”," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2016/15, Jul, revised Jul 2016.
- James B. Bullard, 2016, "A New Characterization of the U.S. Macroeconomic and Monetary Policy Outlook : a speech at the Society of Business Economists Annual Dinner, London, United Kingdom, June 30, 2016," Speech, Federal Reserve Bank of St. Louis, number 271, Jun.
- Randall Wright & Cathy Zhang & Guillaume Rocheteau, 2016, "Corporate Finance and Monetary Policy," 2016 Meeting Papers, Society for Economic Dynamics, number 97.
- Cristian PANA, 2015, "Direct Taxation in Romania: an Empirical Analysis," Economics of Sustainable Development.The Economic Impact of Climate Change. - Working papers, Ecological University of Bucharest, Department of Economics, number 12, Nov.
- Uddin, Md Akther, 2016, "Negative Interest Rate and Mudarabah Investment Deposits Rate: A Short Essay," MPRA Paper, University Library of Munich, Germany, number 72645, Apr.
- Ozan Eksi & Cuneyt Orman & Bedri Kamil Onur Tas, 2015, "Has the Forecasting Performance of the Federal Reserve�s Greenbooks Changed over Time?," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1532.
- Georgescu, George, 2016, "Produsul intern brut. Istorie, relevanţă şi limitări în interpretare
[The Gross Domestic Product. History, relevance and limitations in its interpretation]," MPRA Paper, University Library of Munich, Germany, number 72491, Jul. - Ellen McGrattan, 2016, "Intangible Capital and Measured Productivity," 2016 Meeting Papers, Society for Economic Dynamics, number 62.
- Shapoval Alexander & Goncharenko Vasily, 2016, "A Response of the Economy to Changes in Employment Structure," EERC Working Paper Series, EERC Research Network, Russia and CIS, number 16/09e, Jul.
- Tugrul Gurgur & Zubeyir Kilinc, 2015, "In Search of the Drivers of the Turkish Consumer Confidence," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1538.
- Mark A. Carlson & David C. Wheelock, 2016, "Near-Money Premiums, Monetary Policy, and the Integration of Money Markets : Lessons from Deregulation," Working Papers, Federal Reserve Bank of St. Louis, number 2016-15, Jun, DOI: 10.20955/wp.2016.015.
- Pawel Gajewski, 2016, "Sources of Regional Inflation in Poland," Lodz Economics Working Papers, University of Lodz, Faculty of Economics and Sociology, number 5/2016, Jun.
- Mustafa Utku Ozmen, 2016, "In Pursuit of Understanding Markups in Restaurant Services Prices," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1602.
- Thomas Winberry & Joseph Vavra, 2016, "Investment, Price Changes, and Monetary Policy: Models and Micro Data," 2016 Meeting Papers, Society for Economic Dynamics, number 223.
- Mislav Brkić & Ana Šabić, 2014, "Framework for Monitoring Macroeconomic Imbalances in the European Union - Significance for Croatia," Surveys, The Croatian National Bank, Croatia, number 17, Oct.
- Ines CHAIEB & Vihang ERRUNZA & Rajna GIBSON BRANDON, 2014, "Integration of Sovereign Bonds Markets: Time Variation and Maturity Effects," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-47, Jul.
- Binnur Balkan Konuk & Semih Tumen, 2016, "Immigration and Prices : Quasi-Experimental Evidence from Syrian Refugees in Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1601.
- Pashchenko, Svetlana & Porapakkarm, Ponpoje, 2013, "Cross-subsidization in employer-based health insurance and the effects of tax subsidy reform," MPRA Paper, University Library of Munich, Germany, number 72671, May, revised 17 May 2016.
- Yavuz Arslan & Gazi Kabas & Ahmet Ali Taskin, 2015, "Quantifying the Effects of Loan-to-Value Restrictions: Evidence from Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1535.
- Alex Clymo & Andrea Lanteri, 2016, "Fiscal Policy with Limited-Time Commitment," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 16-056/VI, Jul.
- Philippe BACCHETTA & Ouarda MERROUCHE, 2015, "Countercyclical Foreign Currency Borrowing: Eurozone Firms in 2007-2009," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-63, Oct.
- Luigi Iovino & Jennifer La'O & George-Marios Angeletos, 2016, "Efficiency and Policy with Endogenous Learning," 2016 Meeting Papers, Society for Economic Dynamics, number 229.
- Josip Tica & Tomislav Globan & Vladimir Arčabić, 2016, "Monetary Policy Effectiveness, Net Foreign Currency Exposure and Financial Globalisation," EFZG Working Papers Series, Faculty of Economics and Business, University of Zagreb, number 1603, Jul.
- Aart Gerritsen, 2016, "How Many Harberger Triangles Does it Take to Fill one Okun Gap?," Working Papers, Max Planck Institute for Tax Law and Public Finance, number tax-mpg-rps-2016-05, Mar.
- Philippon, Thomas, 2016, "The FinTech Opportunity," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11409, Jul.
- Aart Gerritsen, 2016, "Equity and Efficiency in Rationed Labor Markets," Working Papers, Max Planck Institute for Tax Law and Public Finance, number tax-mpg-rps-2016-04, Mar.
- Mathieu Taschereau-Dumouchel & Edouard Schaal, 2016, "Coordination and the Dynamics of Unemployment," 2016 Meeting Papers, Society for Economic Dynamics, number 232.
- Mario V. Wuthrich, 2015, "Consistent Re-Calibration in Yield Curve Modeling: An Example," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-26, Jul.
- Noh-Sun Kwark & Eunseong Ma, 2016, "Entrepreneurship and Income Distribution Dynamics: Why Are Top Income Earners Unaffected by Business Cycles?," Working Papers, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy), number 1608, Apr.
- Mustafa Bulut & Hatice Gokce Karasoy, 2016, "Para Politikasi Belirsizligi Altinda Aktarim Mekanizmasi : Turkiye ornegi," CBT Research Notes in Economics, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1621.
- Tomislav Galac, 2015, "Microeconomic Aspects of the Impact of the Global Crisis on the Growth of Non-financial Corporations in the Republic of Croatia," Working Papers, The Croatian National Bank, Croatia, number 44, Jul.
- Ozgur Ozel & Mustafa Utku Ozmen & Erdal Yilmaz, 2015, "Importance of Foreign Ownership and Staggered Adjustment of Capital Outflows," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1531.
- Belke, Ansgar & Dreger, Christian & Dubova, Irina, 2016, "On the exposure of the BRIC countries to global economic shocks," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 622, DOI: 10.4419/86788724.
- Semyon MALAMUD, 2014, "Concavity of the Consumption Function with Recursive Preferences," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 14-37, May.
- Patrice Ollivaud & Pierre-Alain Pionnier & Elena Rusticelli & Cyrille Schwellnus & Seung-Hee Koh, 2016, "Forecasting GDP during and after the Great Recession: A contest between small-scale bridge and large-scale dynamic factor models," OECD Economics Department Working Papers, OECD Publishing, number 1313, Jul, DOI: 10.1787/5jlv2jj4mw40-en.
- Steven C. BOURASSA & Martin HOESLI & Elias OIKARINEN, 2016, "Measuring House Price Bubbles," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 16-01, Jan.
- Álvaro Pina, 2016, "Making public finances more growth and equity-friendly in the euro area," OECD Economics Department Working Papers, OECD Publishing, number 1316, Jul, DOI: 10.1787/5jlv2jgl4kbr-en.
- Suen, Richard M. H., 2016, "Distributional Risk, Stochastic Volatility and Precautionary Savings," MPRA Paper, University Library of Munich, Germany, number 72732, Jul.
- Damir Filipović & Sander Willems, 2016, "Exact Smooth Term Structure Estimation," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 16-38, Jun.
- Arvind KRISHNAMURTHY & Annette VISSING-JORGENSEN, 2015, "The Impact of Treasury Supply on Financial Sector Lending and Stability," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 15-46, Nov.
- Julian Donaubauer & Christian Dreger, 2016, "The End of Cheap Labour: Are Foreign Investors Leaving China?," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1598.
- Anthony Diercks, 2016, "The Equity Premium, Long-Run Risk, and Optimal Monetary Policy," 2016 Meeting Papers, Society for Economic Dynamics, number 207.
- Pesheva, Milena & Vasilev, Aleksandar, 2016, "Endogenizing Total Factor Productivity: The Foreign Direct Investment channel in the case of Bulgaria (2004-2013)," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 144163.
- Diego Ardila & Didier Sornette, 2016, "Dating the Financial Cycle: A Wavelet Proposition," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 16-29, Apr, revised May 2016.
- Mahmut Gunay, 2015, ""I Just Ran Four Million Regressions" for Backcasting Turkish GDP Growth," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1533.
- Yasin Kursat Onder, 2016, "Does Multiplicity of Equilibria Arise in the Eaton-Gersovitz Model of Sovereign Default?," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1610.
- Nlemfu Mukoko, Jean Blaise, 2016, "Investissements Sociaux et Pauvreté en R.D.Congo: Une Approche en Équilibre Général
[Social Investments and Poverty in the D.R.Congo : A General Equilibrium Approach]," MPRA Paper, University Library of Munich, Germany, number 72662, Jul. - Serife Genc Ileri, 2015, "Selective Immigration Policy and Its Impacts on Natives: A General Equilibrium Analysis," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1529.
- Andrea Morone & Simone Nuzzo, 2016, "Market Efficiency, Trading Institutions and Information Mirages: Evidence from an Experimental Asset Market," EERI Research Paper Series, Economics and Econometrics Research Institute (EERI), Brussels, number EERI RP 2016/17, Jul.
- Evren Erdogan Cosar, 2016, "Firmalar�n Sabit Sermaye Yatirim Kararlarinin Analizi : Turkiye Imalat Sanayine Dair Bulgular," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1616.
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