Report NEP-MAC-2016-12-18

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:

• Wieladek, Tomasz & Haldane, Andrew & Roberts-Sklar, Matt & Young, Chris, 2016, "QE: the story so far," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11691, Dec.
• Patrick A. Pintus & Yi Wen & Xiaochuan Xing, 2016, "The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate," Working Papers, Federal Reserve Bank of St. Louis, number 2016-27, Nov, DOI: 10.20955/wp.2016.027.
• Corsetti, G. & Dedola, L. & Jarocinsk, M. & Mackowiak, B., 2016, "Macroeconomic Stabilization, Monetary-fiscal Interactions, and Europe’s monetary Union," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1675, Dec.
• Immo Schott & Joachim Jungherr, 2016, "Optimal Debt Maturity and Firm Investment," Working Papers, Barcelona School of Economics, number 943, Dec.
• Robert Barsky & Christoph E. Boehm & Christopher L. House & Miles Kimball, 2016, "Monetary Policy and Durable Goods," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2016-18, Nov.
• Ritzen, Jo & Haas, Jasmina, 2016, "A Sustainable Euro Area with Exit Options," IZA Policy Papers, Institute of Labor Economics (IZA), number 120, Dec.
• Ravn, Morten & Sterk, Vincent, 2016, "Macroeconomic Fluctuations with HANK & SAM: An Analytical Approach," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11696, Dec.
• Philipp Heimberger, 2016, "Warum die Volkswirtschaften der Eurozone den USA und Großbritannien seit der Finanzkrise hinterherhinken: Zur Rolle von Unterschieden in der Geld- und Fiskalpolitik," wiiw Research Reports in German language, The Vienna Institute for International Economic Studies, wiiw, number 5, Dec.
• Beaudry, Paul & Galizia, Dana & Portier, Franck, 2016, "Putting the Cycle Back into Business Cycle Analysis," TSE Working Papers, Toulouse School of Economics (TSE), number 16-734, Nov.
• Chak Hung Jack Cheng & Ching-Wai (Jeremy) Chiu, 2016, "Nonlinearities of mortgage spreads over the business cycles," Bank of England working papers, Bank of England, number 634, Dec.
• Item repec:hum:wpaper:sfb649dp2016-054 is not listed on IDEAS anymore

• Beaudry, Paul & Galizia, Dana & Portier, Franck, 2016, "Is the Macroeconomy Locally Unstable and Why Should We Care?," TSE Working Papers, Toulouse School of Economics (TSE), number 16-736, Nov.
• Chao Gu & Han Han & Randall Wright, 2016, "The Effects of Monetary Policy and Other Announcements," Working Papers, Department of Economics, University of Missouri, number 1621, Dec.
• Ansgar Belke & Christian Dreger & Irina Dubova, 2016, "On the exposure of the BRIC countries to global economic shocks," ROME Working Papers, ROME Network, number 201605, May.
• Salem Abo-Zaid & Anastasia Zervou, 2016, "Financing of Firms, Labor Reallocation and the Distributional Role of Monetary Policy," Working Papers, Texas A&M University, Department of Economics, number 20161020_001, Oct.
• Peter Spahn, 2016, "Population growth, saving, interest rates and stagnation," ROME Working Papers, ROME Network, number 201603, Mar.
• Aleksandar Vasilev, 2016, "Business Cycle Accounting: Bulgaria after the Introduction of the Currency Board Arrangement (1999-2014)," Bulgarian Economic Papers, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, number bep-2016-11, Nov, revised Nov 2016.
• Georgios Sarantitis & Theophilos Papadimitriou & Periklis Gogas, 2015, "A Network Analysis of the United Kingdom’s Consumer Price Index," DUTH Research Papers in Economics, Democritus University of Thrace, Department of Economics, number 1-2016, Sep.
• Germana Giombini & Francesco Perugini & Giuseppe Travaglini, 2016, "The productivity slowdown puzzle of European countries: a focus on Italy," Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, number 1606, revised 2016.
• Ansgar Belke & Clemens Domnick & Daniel Gros, 2016, "Business cycle synchronization in the EMU: Core vs. periphery," ROME Working Papers, ROME Network, number 201608, Aug.
• Nguyen, Luan, 2016, "Should the Reserve Bank worry about the exchange rate?," MPRA Paper, University Library of Munich, Germany, number 75519, Oct.
• Marcin Kolasa, 2016, "Equilibrium foreign currency mortgages," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2016-021, Dec.
• Dong Lee & Han Shin & René M. Stulz, 2016, "Why Does Capital No Longer Flow More to the Industries with the Best Growth Opportunities?," NBER Working Papers, National Bureau of Economic Research, Inc, number 22924, Dec.
• Frederico Di Pace & Kaushik Mitra & Shoujian Zhang, 2016, "Adaptive learning and labour market dynamics," Bank of England working papers, Bank of England, number 633, Dec.
• Bhuyan, Biswabhusan & Sethi, Dinabandhu, 2016, "An Augmented Taylor rule for India’s Monetary Policy: Does Governor Regime Matters?," MPRA Paper, University Library of Munich, Germany, number 75287, Dec.
• Annabelle Mourougane & Jarmila Botev & Jean-Marc Fournier & Nigel Pain & Elena Rusticelli, 2016, "Can an Increase in Public Investment Sustainably Lift Economic Growth?," OECD Economics Department Working Papers, OECD Publishing, number 1351, Dec, DOI: 10.1787/a25a7723-en.
• KANO, Takashi, 2023, "Trend Inflation and Exchange Rate Dynamics : A New Keynesian Approach," Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University, number HIAS-E-38, Apr.
• Beaudry, Paul & Galizia, Dana & Portier, Franck, 2016, "Reconciling Hayek's and Keynes' Views of Recessions," TSE Working Papers, Toulouse School of Economics (TSE), number 16-735, Nov.
• Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2016, "A note on news about the future: the impact on DSGE models and their VAR representation," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2016/11, Nov.
• Suranjit, K, 2016, "Output Decomposition and the Monetary Policy Transmission Mechanism in Bangladesh: A Vector Autoregressive Approach," MPRA Paper, University Library of Munich, Germany, number 75495, Oct, revised 30 Nov 2016.
• Huseyin Murat Ozbilgin, 2016, "Welfare Gains from Reducing the Implementation Delays in Public Investment," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1628.
• Kozo Ueda & Kota Watanabe & Tsutomu Watanabe, 2016, "Product Turnover and Deflation: Evidence from Japan," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2016-71, Dec.
• Jacek Suda & Anastasia Zervou, 2016, "International Great Inflation and Common Monetary Policy," Working Papers, Texas A&M University, Department of Economics, number 20160513_001, May.
• Beaudry, Paul & Fève, Patrick & Guay, Alain & Portier, Franck, 2016, "When is Nonfundamentalness in SVARs A Real Problem?," TSE Working Papers, Toulouse School of Economics (TSE), number 16-738, Nov.
• Pierre-Richard Agénor & Alessandro Flamini, 2016, "Institutional Mandates for Macroeconomic and Financial Stability," Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The University of Manchester, number 231.
• Anastasia Zervou, 2016, "Monetary Policy Rules and the Equity Premium," 2016 Meeting Papers, Society for Economic Dynamics, number 1624.
• Gokhan Sahin Gunes & Sumru Oz, 2016, "Response of Turkish Financial Markets to Negative Interest Rate Announcements of the ECB," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 1614, Dec.
• Item repec:hum:wpaper:sfb649dp2016-053 is not listed on IDEAS anymore

• Alberto Botta, 2016, "The Short- and Long-run Inconsistency of the Expansionary Austerity Theory: A Post-Keynesian/Evolutionist Critique," Economics Working Paper Archive, Levy Economics Institute, number wp_878, Dec.
• John Duffy & Frank Heinemann, 2016, "Central Bank Reputation, Cheap Talk and Transparency as Substitutes for Commitment: Experimental Evidence," Working Papers, University of California-Irvine, Department of Economics, number 161703, Dec.
• Davide Delle Monache & Ivan Petrella, 2016, "Adaptive models and heavy tails with an application to inflation forecasting," BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics, number 1603, Nov.
• Stephen McKnight & Laura Povoledo, 2016, "Can indeterminacy and self-fulfilling expectations help explain international business cycles?," Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, number 2016-07, Sep.
• Susana Párraga Rodríguez, 2016, "The aggregate effects of government income transfer shocks - EU evidence," Working Papers, Banco de España, number 1629, Dec.
• Jasmien De Winne & Gert Peersman, 2016, "Macroeconomic Effects Of Disruptions In Global Food Commodity Markets: Evidence For The United States," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 16/924, Nov.
• Fabrizio Perri & Jonathan Heathcote, 2016, "Capital Controls and Competitiveness," 2016 Meeting Papers, Society for Economic Dynamics, number 1619.
• Robertson, D. & Tambakis, D., 2016, "Long-Run Debt Ratios with Fiscal Fatigue," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1674, Dec.
• Fernando Rugitsky, 2016, "Growth, distribution, and sectoral heterogeneity: reading the Kaleckians in Latin America," Working Papers, Department of Economics, University of São Paulo (FEA-USP), number 2016_26, Oct.
• Stephen McKnight & Alexander Mihailov & Antonio Pompa Rangel, 2016, "What do Latin American inflation targeters care about? A comparative Bayesian estimation of central bank preferences," Serie documentos de trabajo del Centro de Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, number 2016-08, Nov.
• Shu-Ping Shi & Stan Hurn & Peter C. B. Phillips, 2016, "Causal Change Detection in Possibly Integrated Systems: Revisiting the Money-Income Relationship," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2059, Dec.
• Gauti Eggertsson & Neil Mehrotra & Sanjay Singh & Lawrence Summers, 2016, "A Contagious Malady? Open Economy Dimensions of Secular Stagnation," 2016 Meeting Papers, Society for Economic Dynamics, number 1701.
• Gropp, Reint E. & Mosk, Thomas & Ongena, Steven & Wix, Carlo, 2016, "Bank response to higher capital requirements: Evidence from a quasi-natural experiment," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 33/2016.
• Andrey Launov & Klaus Waelde, 2015, "The Employment Effect of Reforming a Public Employment Agency," Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, number 1507, Aug, revised 18 Aug 2015.
• Yuliy Sannikov & Saki Bigio, 2016, "Credit, Money, Interest, and Prices," 2016 Meeting Papers, Society for Economic Dynamics, number 1699.
• Ansgar Belke & Thomas Osowski, 2016, "Measuring fiscal spillovers in EMU and beyond: A global VAR approach," ROME Working Papers, ROME Network, number 201606, Jun.
• Jordi Paniagua & Juan Sapena & Cecilio Tamarit, 2016, "Fiscal Sustainability in EMU contries: A continued Fiscal commitment?," Working Papers, Department of Applied Economics II, Universidad de Valencia, number 1608, Dec.
• Taeyoung Doh & Shu Wu, 2016, "The Equilibrium Term Structure of Equity and Interest Rates," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 16-11, Nov, DOI: 10.18651/RWP2016-11.
• William Dudley, 2016, "The U.S. economic outlook and the implications for monetary policy: remarks at the ABNY breakfast with William C. Dudley, the Roosevelt Hotel, New York City," Speech, Federal Reserve Bank of New York, number 230, Dec.
• Xavier Ragot & Florin O. Bilbiie, 2016, "Monetary Policy, Inflation, and Inequality: The Case for Helicopters," 2016 Meeting Papers, Society for Economic Dynamics, number 1663.
• Hassan, Shahid & Ali, Umbreen & Dawood, Mamoon, 2016, "Measuring Money Demand Function in Pakistan," MPRA Paper, University Library of Munich, Germany, number 75496, Dec.
• Jaroslav Borovicka, 2016, "Identifying ambiguity shocks in business cycle models using survey data," 2016 Meeting Papers, Society for Economic Dynamics, number 1615.
• Fernando Martin & Aleksander Berentsen & David Andolfatto, 2016, "Financial Fragility in Monetary Economies," 2016 Meeting Papers, Society for Economic Dynamics, number 1626.
• John B. Davis, 2016, "The Continuing Relevance of Keynes's Philosophical Thinking: Reflexivity, Complexity, and Uncertainty," GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, number 2016-36, Dec.
• Dean Baker & Lara Merling, 2016, "The Housing Bubble: Is It Back?," CEPR Reports and Issue Briefs, Center for Economic and Policy Research (CEPR), number 2016-21, Nov.
• Marcin Kolasa & Michal Rubaszek, 2016, "Does foreign sector help forecast domestic variables in DSGE models?," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2016-022, Nov.
• Luke Hartigan, 2016, "Testing for Symmetry in Weakly Dependent Time Series," Discussion Papers, School of Economics, The University of New South Wales, number 2016-18, Nov.
• Manabu SHIMASAWA & Kazumasa OGURO, 2016, "Will Abenomics Save Future Generations?," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 16100, Dec.
• Minford, Patrick & Wickens, Michael & Xu, Yongdeng, 2016, "Testing part of a DSGE model by Indirect Inference," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2016/12, Dec.
• Fiorenza Venturini, 2016, "Are Estimates of Fiscal Multipliers Truly Reliable? Some Observations Starting from the Case of Japan," Centro Sraffa Working Papers, Centro di Ricerche e Documentazione 'Piero Sraffa', number CSWP23, Dec.
• Yasuoka, Masaya, 2016, "Money and Pay-As-you-Go Pension," MPRA Paper, University Library of Munich, Germany, number 75578, Dec.
• William R. Cline, 2016, "Estimates of Fundamental Equilibrium Exchange Rates, November 2016," Policy Briefs, Peterson Institute for International Economics, number PB16-22, Nov.
• Brixy, Udo & Murmann, Martin, 2016, "The growth and human capital structure of new firms over the business cycle," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 16-079.
• James Forder, 2016, "What was the message of Friedman," Economics Series Working Papers, University of Oxford, Department of Economics, number 814, Dec.
• Emilio, Colombo & Valentina, Rotondi & Luca, Stanca, 2016, "Macroeconomic Conditions and Well-being: Do Social Interactions Matter?," Working Papers, University of Milano-Bicocca, Department of Economics, number 355, Dec, revised 31 Dec 2016.
• Leonardo Melosi & Eran Yashiv & Renato Faccini, 2016, "Hiring and Investment Frictions as Inflation Determinants," 2016 Meeting Papers, Society for Economic Dynamics, number 1606.
• Ansgar Belke & Irina Dubova & Thomas Osowski, 2016, "Policy uncertainty and international financial markets: the case of Brexit," ROME Working Papers, ROME Network, number 201607, Jul.
• Simplice Asongu & Jacinta Nwachukwu, 2016, "Fighting Capital Flight in Africa: Evidence from Bundling and Unbundling Governance," Working Papers of the African Governance and Development Institute., African Governance and Development Institute., number 16/047, Apr.
• Smeekes, Stephan & Wijler, Etiënne, 2016, "Macroeconomic Forecasting Using Penalized Regression Methods," Research Memorandum, Maastricht University, Graduate School of Business and Economics (GSBE), number 039, Jan, DOI: 10.26481/umagsb.2016039.
• Nicholas Bloom & Fatih Guvenen & Sergio Salgado, 2016, "Skewed Business Cycles," 2016 Meeting Papers, Society for Economic Dynamics, number 1621.
• Federico Favaretto & Donato Masciandaro, 2016, "Too Little, Too Late? Monetary Policymaking Inertia and Psychology: A Behavioral Model," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1617.
• Debra Bloch & Jean-Marc Fournier & Duarte Gonçalves & Álvaro Pina, 2016, "Trends in Public Finance: Insights from a New Detailed Dataset," OECD Economics Department Working Papers, OECD Publishing, number 1345, Dec, DOI: 10.1787/4d3d8b25-en.
• Mohammad Zulfan Tadjoeddin & Ilmiawan Auwalin & Anis Chowdhury, 2016, "Revitalizing Indonesia’s manufacturing: the productivity conundrum," Departmental Working Papers, The Australian National University, Arndt-Corden Department of Economics, number 2016-20.
• Illenin Kondo & Fabrizio Perri & Sewon Hur, 2016, "Inflation, Debt, and Default," 2016 Meeting Papers, Society for Economic Dynamics, number 1610.
• Navarrete-Hernández, Pablo, 2016, "De cartoneros a recicladores urbanos. El rol de las políticas locales en mejorarla sustentabilidad de los recolectores de base," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 68529, Sep.
• Burton A. Abrams & James L. Butkiewicz, 2016, "The political economy of wage and price controls: evidence from the Nixon tapes," Working Papers, University of Delaware, Department of Economics, number 16-08.
• Jasmien De Winne & Gert Peersman, 2016, "Narrative Global Food Commodity Market Shocks," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 16/925, Nov.
• Köllner, Sebastian, 2016, "Import penetration and manufacturing employment growth: Evidence from 12 OECD countries," Discussion Paper Series, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy, number 135.
• Ludo Visschers & David Wiczer & Carlos Carrillo-Tudela, 2016, "Sectoral Reallocation, Employment and Earnings Over the Business Cycle," 2016 Meeting Papers, Society for Economic Dynamics, number 1648.
• Alan K. Detmeister & David E. Lebow & Ekaterina V. Peneva, 2016, "Inflation Perceptions and Inflation Expectations," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2016-12-05-2, Dec, DOI: 10.17016/2380-7172.1882.
• Harris Dellas & Fabrice Collard & George-Marios Angeletos, 2016, "An Anatomy of the Business Cycle," 2016 Meeting Papers, Society for Economic Dynamics, number 1641.
• John C. Boik, 2016, "Optimality of Social Choice Systems: Complexity, Wisdom, and Wellbeing Centrality," Working Paper, Principled Societies Project, number 0005, Dec, revised Mar 2017.
• Hilde C. Bjørnland & Leif Anders Thorsrud & Sepideh K. Zahiri, 2016, "Do central banks respond timely to developments in the global economy?," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 8/2016, Nov.
• Kanbur, Ravi, 2016, "Economics And Economic Policy," Working Papers, Cornell University, Department of Applied Economics and Management, number 250029, Apr, DOI: 10.22004/ag.econ.250029.
• Juan S. Mora-Sanguinetti & Marta Martínez-Matute & Miguel García-Posada, 2016, "Credit, crisis and contract enforcement: evidence from the Spanish loan market," Working Papers, Banco de España, number 1630, Dec.