Report NEP-MAC-2017-01-15

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:

• Olivo, Victor, 2016, "Estabilidad de Precios en América Latina:¿Ya LLegamos Allí?
  [Price Stability in Latin America: Are We There Yet?]," MPRA Paper, University Library of Munich, Germany, number 76067, Nov, revised 02 Jan 2017.
• Jobst, Clemens & Bignon, Vincent, 2017, "Economic Crises and the Eligibility for the Lender of Last Resort: Evidence from Nineteenth Century France," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11737, Jan.
• Donato Masciandaro & Davide Romelli, 2015, "Ups and Downs. Central Bank Independence from the Great Inflation to the Great Recession: Theory, Institutions and Empirics," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1503.
• Hiroaki Sasaki, 2017, "Financialization and Distribution in a Kaleckian Model with Firms’ Debt Accumulation," Discussion papers, Graduate School of Economics , Kyoto University, number e-16-013, Jan.
• Gabaix, Xavier, 2016, "A Behavioral New Keynesian Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11729, Dec.
• Adiya Belgibayeva & Michal Horvath, 2017, "Real Rigidities and Optimal Stabilization at the Zero Lower Bound in New Keynesian Economies," Discussion Papers, Department of Economics, University of York, number 17/01, Jan.
• Born, Benjamin & Pfeifer, Johannes, 2017, "Uncertainty-driven business cycles: assessing the markup channel," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11745, Jan.
• Halberstadt, Arne & Krippner, Leo, 2016, "The effect of conventional and unconventional euro area monetary policy on macroeconomic variables," Discussion Papers, Deutsche Bundesbank, number 49/2016.
• Jiménez Polanco, Miguel A. & Ramírez de León, Francisco A., 2016, "Un Indicador de Condiciones Financieras para la República Dominicana
  [A Financial Condition Index for the Dominican Republic]," MPRA Paper, University Library of Munich, Germany, number 75859, Dec.
• Orphanides, Athanasios & Breach, Tomas & D'Amico, Stefania, 2016, "The Term Structure and Inflation Uncertainty," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11730, Dec.
• Francesco Saraceno, 2016, "When Keynes goes to Brussels : a New Fiscal Rule for the EMU ?," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE), number 2016-32, Dec.
• Aleksandar Vasilev, 2017, "A Real-Business-Cycle Model with Efficiency Wages and Fiscal Policy: The Case of Bulgaria," 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-2017-01, Jan, revised Jan 2017.
• Xianguo Huang & Naoyuki Yoshino, 2016, "Impacts of Universal Health Coverage: Financing, Income Inequality, and Social Welfare," ADBI Working Papers, Asian Development Bank Institute, number 617, Dec.
• Clemens Struck & Adnan Velic, 2017, "To Augment Or Not To Augment? A Conjecture On Asymmetric Technical Change," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep0117, Jan.
• Lee, Seungduck, 2016, "Money, Asset Prices and the Liquidity Premium," MPRA Paper, University Library of Munich, Germany, number 75869, Oct.
• Balliester Reis, Thereza, 2016, "Why are policy real interest rates so high in Brazil? An analysis of the determinants of the Central Bank of Brazil's real interest rate," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 80/2016.
• Maria Teresa Punzi & Pornpinun Chantapacdepong, 2017, "Spillover Effects of Unconventional Monetary Policy in Asia and the Pacific," ADBI Working Papers, Asian Development Bank Institute, number 630, Jan.
• Svensson, Lars E.O., 2017, "Cost-Benefit Analysis of Leaning Against the Wind," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11739, Jan.
• Huber, Florian & Feldkircher, Martin, 2016, "Unconventional US Monetary Policy: New Tools, Same Channels?," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 222, Mar.
• Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2017, "Monetary Policy and Macroeconomic Stability Revisited," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 17-1, Jan, DOI: 10.18651/RWP2017-01.
• He, Qing & Liu, Fangge & Qian, Zhongxin & Chong, Terence Tai Leung, 2016, "Housing Prices and Business Cycle in China: A DSGE Analysis," MPRA Paper, University Library of Munich, Germany, number 75921, Jul.
• Juan Carlos Berganza & Pedro del Río & Fructuoso Borrallo, 2016, "Determinants and implications of low global inflation rates," Occasional Papers, Banco de España, number 1608, Dec.
• Diewert, W. Erwin & Fox, Kevin J., 2016, "Alternative User Costs, Rates of Return and TFP Growth Rates for the US Nonfinancial Corporate and Noncorporate Business Sectors: 1960-2014," Microeconomics.ca working papers, Vancouver School of Economics, number erwin_diewert-2016-7, Jun, revised 30 Jun 2016.
• Előd Takáts & Judit Temesvary, 2017, "The Currency Dimension of the Bank Lending Channel in International Monetary Transmission," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2017-001, Jan, DOI: 10.17016/FEDS.2017.001.
• Aguilar-Argaez Ana María & Elizondo Rocío & Roldán-Peña Jessica, 2016, "Break-Even-Inflation's Decomposition in Mexico," Working Papers, Banco de México, number 2016-22, Dec.
• Boneva, Lena & Harrison, Richard & Waldron, Matthew, 2017, "Threshold-based forward guidance: hedging the zero bound," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11749, Jan.
• Sergey Ivashchenko & Rangan Gupta, 2017, "Near-Rational Expectations: How Far are Surveys from Rationality?," EERI Research Paper Series, Economics and Econometrics Research Institute (EERI), Brussels, number EERI RP 2017/04, Jan.
• Svensson, Lars E.O., 2017, "How Robust Is the Result That the Cost of "Leaning Against the Wind" Exceeds the Benefit? Response to Adrian and Liang," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11744, Jan.
• Jimenez Polanco, Miguel A. & Ramírez Escoboza, Merlym, 2015, "Predicción de la Actividad Económica a Partir de Indicadores de las Encuestas de Opinión Empresarial: Evidencia para República Dominicana
  [Forecasting Economic Activity using Manufacturing Opinion ," MPRA Paper, University Library of Munich, Germany, number 75861, Dec.
• Malgorzata Olszak & Iwona Kowalska & Sylwia Roszkowska, 2016, "Do Macroprudential Policy Instruments Affect The Link Between Lending And Capital Ratio? – Cross-Country Evidence," Faculty of Management Working Paper Series, University of Warsaw, Faculty of Management, number 22016, Aug.
• Item repec:uta:papers:2016_3 is not listed on IDEAS anymore

• Jiménez Polanco, Miguel Alejandro & López Hawa, Nabil & Ramírez Escoboza, Merlym, 2016, "Indicadores Compuestos de Actividad Económica por sectores para la República Dominicana
  [Composite Indicators of Economic Activity for the Dominican Republic]," MPRA Paper, University Library of Munich, Germany, number 75916, Dec.
• Jena, Pratap Ranjan, 2017, "Indian Variant of MTEF: The Scope and Opportunities to Develop an Effective Budget Planning Process," Working Papers, National Institute of Public Finance and Policy, number 17/185, Jan.
• Ricardo Reis, 2016, "Can the Central Bank Alleviate Fiscal Burdens?," Discussion Papers, Centre for Macroeconomics (CFM), number 1701, Dec.
• Huber, Florian & Fischer, Manfred M., 2015, "A Markov switching factor-augmented VAR model for analyzing US business cycles and monetary policy," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 201, Aug.
• Rose, Andrew, 2017, "Currency Wars? Unconventional Monetary Policy Does Not Stimulate Exports," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11748, Jan.
• Ricardo Reis, 2016, "Can the Central Bank Alleviate Fiscal Burdens?," NBER Working Papers, National Bureau of Economic Research, Inc, number 23014, Dec.
• Item repec:cpr:ceprdp:11736 is not listed on IDEAS anymore

• Diewert, W. Erwin & Fox, Kevin J., 2016, "A Decomposition of U.S. Business Sector TFP Growth into Technical Progress and Cost Efficiency Components," Microeconomics.ca working papers, Vancouver School of Economics, number erwin_diewert-2016-8, Jun, revised 30 Jun 2016.
• Valerio Filoso, Valerio & Panico, Carlo & Papagni, Erasmo & Francesco, Purificato & Vázquez Suarez, Marta, 2016, "Causes and timing of the European debt crisis: An econometric evaluation," MPRA Paper, University Library of Munich, Germany, number 75847, Dec.
• Dimitris Christelis & Michael Ehrmann & Dimitris Georgarakos, 2017, "Exploring Differences in Household Debt Across the United States and Euro Area Countries," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 465, Jan.
• Surico, Paolo & Trezzi, Riccardo, 2016, "Consumer spending and fiscal consolidation: evidence from a housing tax experiment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11735, Dec.
• Townsend, Robert & Dabla-Norris, Era & Ji, Yan & Unsal, Filiz, 2017, "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11742, Jan.
• Zhang Qichun & Li Shufang, 2016, "Key Issues of Central and Local Government Finance in the People’s Republic of China," ADBI Working Papers, Asian Development Bank Institute, number 620, Dec.
• Ying Xu & Hai Anh La, 2016, "Spillovers of the United States’ Unconventional Monetary Policy to Emerging Asia: The Bank Lending Channel," ADBI Working Papers, Asian Development Bank Institute, number 619, Dec.
• Martin Shubik, 2016, "Three Essays on the Theory of Money and Financial Institutions Essay 3: The Economy with Innovation, Externalities and Context," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2067, Dec.
• Crespo Cuaresma, Jesus & Doppelhofer, Gernot & Feldkircher, Martin & Huber, Florian, 2015, "US Monetary Policy in a Globalized World," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 209, Nov.
• Huber, Florian & Kaufmann, Daniel, 2016, "Trend Fundamentals and Exchange Rate Dynamics," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 214, Jan.
• Habimana, Olivier, 2017, "The multiscale relationship between exchange rates and fundamentals differentials: Empirical evidence from Scandinavia," MPRA Paper, University Library of Munich, Germany, number 75956, Jan.
• Georgios Bampinas & Panagiotis Konstantinou & Theodore Panagiotidis, 2017, "Inequality, Demographics and the Housing Wealth Effect: Panel Quantile Regression Evidence for the US States," Working Paper series, Rimini Centre for Economic Analysis, number 17-01, Jan.
• Item repec:imf:imfwpa:16/240 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:16/241 is not listed on IDEAS anymore

• Karlis Vilerts & Olegs Tkacevs, 2016, "The Impact of Sovereign Bond Yields on Fiscal Discipline," Working Papers, Latvijas Banka, number 2016/05, Dec.
• Gang Gong, 2016, "Two Stages of Economic Development," ADBI Working Papers, Asian Development Bank Institute, number 628, Dec.
• Ozili, Peterson, K, 2016, "Bank Profitability and Capital Regulation: Evidence from Listed and non-Listed Banks in Africa," MPRA Paper, University Library of Munich, Germany, number 75856, Dec.
• Rinke, Saskia & Busch, Marie & Leschinski, Christian, 2017, "Long Memory, Breaks, and Trends: On the Sources of Persistence in Inflation Rates," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, number dp-584, Jan.
• Rabitsch, Katrin & Schoder, Christian, 2016, "Buffer stock savings in a New-Keynesian business cycle model," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 231, Aug.
• Mariana BĂLAN & Brînduşa-Mihaela RADU, 2015, "Analysis and Forecast of Romania’s Population Ageing by Non-Linear Methods," Working Papers of Institute for Economic Forecasting, Institute for Economic Forecasting, number 150820, Aug.
• Andra C. Ghent & Marianna Kudlyak, 2016, "Intergenerational Linkages in Household Credit," Working Paper Series, Federal Reserve Bank of San Francisco, number 2016-31, Dec, DOI: 10.24148/wp2016-31.
• Badinger, Harald & Reuter, Wolf Heinrich, 2015, "The Case for Fiscal Rules," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 204, Aug.
• Markus Engler & Vahidin Jeleskovic, 2016, "Intraday volatility, trading volume and trading intensity in the interbank market e-MID," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 201648.
• Jasmin Thomas, 2016, "New Evidence on the Canada-U.S. ICT Investment Gap, 1976-2014 Selected OECD Countries, 1986-2013," CSLS Research Reports, Centre for the Study of Living Standards, number 2016-17, Dec.
• José-María Da-Rocha & Marina Mendes Tavares & Diego Restuccia, 2016, "Firing Costs, Misallocation, and Aggregate Productivity," NBER Working Papers, National Bureau of Economic Research, Inc, number 23008, Dec.
• Berry Harahap & Pakasa Bary & Linda Panjaitan & Redianto Satyanugroho, 2016, "Spillovers of United States and People’s Republic of China Shocks on Small Open Economies: The Case of Indonesia," ADBI Working Papers, Asian Development Bank Institute, number 616, Dec.
• Paciello, Luigi & Michelacci, Claudio, 2017, "Ambiguous Policy Announcements," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11754, Jan.
• Rasmus Fatum & Wenjie Hui & Guozhong Zhu, 2016, "Do oil endowment and productivity matter for accumulation of international reserves?," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 291, Dec, DOI: 10.24149/gwp291.
• Item repec:imf:imfwpa:16/250 is not listed on IDEAS anymore

• Christian Joerges, 2015, "Social Justice in an Ever More Diverse Union," ZenTra Working Papers in Transnational Studies, ZenTra - Center for Transnational Studies, number 62 / 2015, Dec, revised Aug 2016.
• Christian Joerges, 2015, "Pereat Iustitia, Fiat Mundus: What is Left of the European Economic Constitution after the OMT-Litigation?," ZenTra Working Papers in Transnational Studies, ZenTra - Center for Transnational Studies, number 60 / 2015, Nov, revised Nov 2015.
• Ásgeir Daníelsson & Ólafur Sindri Helgason & Stefán Thórarinsson, 2016, "Estimating the Natural Interest Rate for Iceland: An Exploratory Study," Economics, Department of Economics, Central bank of Iceland, number wp74, Dec.
• Hernán Rincón-Castro & Norberto Rodríguez-Niño & John Castro-Pantoja, 2017, "Perturbaciones macroeconómicas, tasa de cambio y pass-through sobre precios," Borradores de Economia, Banco de la Republica de Colombia, number 982, Jan, DOI: 10.32468/be.982.
• Michal Horvath, 2017, "European Fiscal Compact in Action: Can Independent Fiscal Institutions Deliver Effective Oversight?," Discussion Papers, Council for Budget Responsibility, number Discussion Paper No. 1/20, Jan.
• Bógalo, Juan & Poncela, Pilar & Senra, Eva, 2017, "Automatic Signal Extraction for Stationary and Non-Stationary Time Series by Circulant SSA," MPRA Paper, University Library of Munich, Germany, number 76023, Jan.
• D.S.G. Pollock, 2017, "Trends Cycles And Seasons: Econometric Methods Of Signal Extraction," Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester, number 17/02, Jan.
• De Nardi, Mariacristina & Borella, Margherita & Yang, Fang, 2016, "The Aggregate Implications of Gender and Marriage," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11728, Dec.
• Davis, John B., 2017, "The Continuing Relevance of Keynes's Philosophical Thinking: Reflexivity, Complexity, and Uncertainty," Working Papers and Research, Marquette University, Center for Global and Economic Studies and Department of Economics, number 2017-01, Jan.
• Phiri, Andrew, 2017, "Threshold convergence between the federal fund rate and South African equity returns around the colocation period," MPRA Paper, University Library of Munich, Germany, number 76039, Jan.
• Gerlach, Stefan, 2016, "The Output-Inflation Trade-Off In Switzerland, 1916 €“ 2015," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11714, Dec.
• Huber, Florian & Kastner, Gregor & Feldkircher, Martin, 2016, "Should I stay or should I go? Bayesian inference in the threshold time varying parameter (TTVP) model," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 235, Sep.
• Shin-ichi Fukuda, 2017, "Spillover Effects of Japan’s Quantitative and Qualitative Easing on East Asian Economies," ADBI Working Papers, Asian Development Bank Institute, number 631, Jan.
• Artidiatun Adji & James Alm, 2016, "Testing for Ricardian Equivalence in Indonesia," Working Papers, Tulane University, Department of Economics, number 1616, Dec.
• Item repec:imf:imfwpa:16/245 is not listed on IDEAS anymore

• Huber, Florian & Punzi, Maria Teresa, 2016, "International Housing Markets, Unconventional Monetary Policy and the Zero Lower Bound," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 216, Jan.
• Shoumitro Chatterjee & Tom Vogl, 2016, "Growth and Childbearing in the Short- and Long-Run," NBER Working Papers, National Bureau of Economic Research, Inc, number 23000, Dec.
• Marius del Giudice Rodriguez & Emre Yoldas, 2016, "Drivers of Inflation Compensation: Evidence from Inflation Swaps in Advanced Economies," IFDP Notes, Board of Governors of the Federal Reserve System (U.S.), number 2016-12-30-2, Dec, DOI: 10.17016/2573-2129.28.
• Lukmanova, Elizaveta & Tondl, Gabriele, 2016, "Macroeconomic Imbalances and Business Cycle Synchronization. Why Common Economic Governance is Imperative for the Eurozone," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 229, Jun.
• Diewert, W. Erwin & Huang, Ning & Kate Burnett-Isaacs, Kate, 2016, "Developing Land and Structure Price Indexes for Ottawa Condominium Apartments," Microeconomics.ca working papers, Vancouver School of Economics, number erwin_diewert-2016-13, Nov, revised 23 Nov 2016.
• Bendetta Frassi & Christian Hagist & Fabio Pammolli, 2017, "Who is this, who enters there? - Migration in Italy and its effect on fiscal sustainability and pensions," WHU Working Paper Series - Economics Group, WHU - Otto Beisheim School of Management, number 17-01, Jan.
• Item repec:imf:imfwpa:16/236 is not listed on IDEAS anymore

• Alexander Murray, 2016, "Developing an Inclusive Innovation Agenda for Canada," CSLS Research Reports, Centre for the Study of Living Standards, number 2016-18, Dec.
• Ravi Bansal & Marcelo Ochoa & Dana Kiku, 2016, "Climate Change and Growth Risks," NBER Working Papers, National Bureau of Economic Research, Inc, number 23009, Dec.
• Vives, Xavier & Manzano, Carolina, 2016, "Market Power and Welfare in Asymmetric Divisible Good Auctions," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11731, Dec.
• Gabor Fukker, 2017, "Harmonic distances and systemic stability in heterogeneous interbank networks," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2017/1.
• Raphael Auer & Claudio Borio & Andrew Filardo, 2017, "The globalisation of inflation: the growing importance of global value chains," BIS Working Papers, Bank for International Settlements, number 602, Jan.
• Badinger, Harald & Fichet de Clairfontaine, Aurélien & Reuter, Wolf Heinrich, 2015, "Fiscal Rules and Twin Deficits: The Link between Fiscal and External Balances," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 196, Jul.
• Heinz Welsch & Jan Kühling, 2015, "Institutional Change and Macroeconomic Performance in OECD Countries: Evidence from Subjective Well-Being Data," ZenTra Working Papers in Transnational Studies, ZenTra - Center for Transnational Studies, number 58 / 2015, Nov, revised Dec 2015.
• Barnichon, Regis & Brownlees, Christian, 2016, "Impulse Response Estimation By Smooth Local Projections," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11726, Dec.
• Solé-Ollé, Albert & Viladecans-Marsal, Elisabet, 2017, "Housing booms and busts and local fiscal policy," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 17-001.
• Michel De Vroey, 2016, "Bibliometric versus Inside-Knowledge History? An Assessment of Claveau and Gingras’s “Macrodynamics of Economics: A Bibliometric History”," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2016033, Dec.
• D.S.G. Pollock, 2017, "Stochastic processes of limited frequency and the effects of oversampling," Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester, number 17/03, Jan.
• Leila Posenato Garcia & Gabriela Drummond Marques da Silva, 2016, "Doenças Transmissíveis e Situação Socioeconômica no Brasil: Análise Espacial," Discussion Papers, Instituto de Pesquisa Econômica Aplicada - IPEA, number 2263, Dec.
• D.S.G. Pollock, 2017, "Econometric Filters," Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester, number 17/01, Jan.
• Item repec:imf:imfwpa:16/251 is not listed on IDEAS anymore

Report NEP-MAC-2017-01-15

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: