Report NEP-MAC-2017-03-05

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:

• Valentina Aprigliano & Guerino Ardizzi & Libero Monteforte, 2017, "Using the payment system data to forecast the Italian GDP," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1098, Feb.
• De Koning, Kees, 2017, "How the U.S. financial crisis could have been averted," MPRA Paper, University Library of Munich, Germany, number 77060, Feb.
• Lennard, Jason, 2017, "Did Monetary Policy Matter? Narrative Evidence from the Classical Gold Standard," Lund Papers in Economic History, Lund University, Department of Economic History, number 155, Feb.
• Paul Hubert & Fabien Labondance, 2017, "Central bank sentiment and policy expectations," Bank of England working papers, Bank of England, number 648, Feb.
• Bluwstein, Kristina, 2017, "Asymmetric Macro-Financial Spillovers," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 337, Feb.
• Larin, Benjamin, 2016, "A Quantitative Model of Bubble-Driven Business Cycles," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145817.
• Semmler, Willi & Gross, Marco, 2017, "Mind the output gap: the disconnect of growth and inflation during recessions and convex Phillips curves in the euro area," Working Paper Series, European Central Bank, number 2004, Jan.
• Ekaterina Pirozhkova, 2017, "Financial frictions and robust monetary policy in the models of New Keynesian framework," BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics, number 1701, Feb.
• Born, Benjamin & Pfeifer, Johannes, 2016, "Uncertainty-driven business cycles: assessing the markup channel," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145608.
• Bletzinger, Tilman & Lalik, Magdalena, 2017, "The impact of constrained monetary policy on fiscal multipliers on output and inflation," Working Paper Series, European Central Bank, number 2019, Feb.
• Speck, Christian, 2016, "Inflation Anchoring in the Euro Area," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145697.
• David L. Reifschneider & Peter Tulip, 2017, "Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors : The Federal Reserve's Approach," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2017-020, Feb, DOI: 10.17016/FEDS.2017.020.
• David Reifschneider & Peter Tulip, 2017, "Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2017-01, Feb.
• Hachula, Michael & Rieth, Malte & Piffer, Michele, 2016, "Unconventional Monetary Policy, Fiscal Side Effects and Euro Area (Im)balances," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145790.
• Neri, Stefano & Nobili, Andrea & Conti, Antonio M., 2017, "Low inflation and monetary policy in the euro area," Working Paper Series, European Central Bank, number 2005, Jan.
• John Geanakoplos & Kieran James Walsh, 2017, "Inefficient Liquidity Provision," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2077, Feb.
• Schmidt, Sebastian & Nakata, Taisuke, 2016, "Gradualism and Liquidity Traps," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145469.
• Ciccarelli, Matteo & García, Juan Angel & Montes-Galdón, Carlos, 2017, "Unconventional monetary policy and the anchoring of inflation expectations," Working Paper Series, European Central Bank, number 1995, Jan.
• Maria Teresa Punzi & Katrin Rabitsch, 2017, "Borrower heterogeneity within a risky mortgage-lending market," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp241, Feb.
• Filippo Natoli & Laura Sigalotti, 2017, "An indicator of inflation expectations anchoring," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1103, Feb.
• Brede, Maren, 2016, "Budget-neutral fiscal rules targeting inflation differentials," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145513.
• Francesco Zanetti & Masashige Hamano, 2017, "On Quality and Variety Bias in Aggregate Prices," Economics Series Working Papers, University of Oxford, Department of Economics, number 823, Feb.
• Kenny, Geoff & Dovern, Jonas, 2017, "The long-term distribution of expected inflation in the euro area: what has changed since the great recession?," Working Paper Series, European Central Bank, number 1999, Jan.
• Sebastian Edwards, 2017, "The London Monetary and Economic Conference of 1933 and the End of The Great Depression: A “Change of Regime” Analysis," NBER Working Papers, National Bureau of Economic Research, Inc, number 23204, Feb.
• Locarno, Alberto & Delle Monache, Davide & Busetti, Fabio & Gerali, Andrea, 2017, "Trust, but verify. De-anchoring of inflation expectations under learning and heterogeneity," Working Paper Series, European Central Bank, number 1994, Jan.
• Marcello Pericoli & Giovanni Veronese, 2017, "Monetary policy surprises over time," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1102, Feb.
• Hardik A. Marfatia & Rangan Gupta & Esin Cakan, 2017, "The International REIT's Time-Varying Response to the U.S. Monetary Policy and Macroeconomic Surprises," Working Papers, University of Pretoria, Department of Economics, number 201712, Feb.
• Felder, Rahel & Bachmann, Ronald, 2016, "Labour Market Transitions, Shocks and Institutions during the Great Recession: A Cross-Country Analysis," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145851.
• Tran Thanh Hoa, 2017, "Forecasting Inflation in Vietnam with Univariate and Vector Autoregressive Models," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 05-2017, Feb.
• Fuchs-Schündeln, Nicola & Bick, Alexander & Lagakos, David, 2016, "How Do Average Hours Worked Vary with Development? Cross-Country Evidence and Implications," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145576.
• Jüßen, Falko & Bredemeier, Christian & Winkler, Roland, 2016, "Man-cessions, Fiscal Policy, and the Gender Composition of Employment," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145518.
• Speck, Christian, 2017, "Inflation anchoring in the euro area," Working Paper Series, European Central Bank, number 1998, Jan.
• Sousa, João & Falagiarda, Matteo, 2017, "Forecasting euro area inflation using targeted predictors: is money coming back?," Working Paper Series, European Central Bank, number 2015, Feb.
• Holtemöller, Oliver, 2016, "Sovereign Stress, Banking Stress, and Corporate Financing Costs in the Euro Area," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145820.
• Aleksander Berentsen & Sébastien Kraenzlin & Benjamin Müller, 2016, "Exit strategies for monetary policy," ECON - Working Papers, Department of Economics - University of Zurich, number 241, Dec, revised Feb 2018.
• Hartmann, Matthias & Dovern, Jonas, 2016, "Forecast Performance, Disagreement, and Heterogeneous Signal-to-Noise Ratios," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145925.
• Ana Fostel & John Geanakoplos & Gregory Phelan, 2017, "Global Collateral: How Financial Innovation Drives Capital Flows and Increases Financial Instability," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2076, Feb.
• Florian Huber & Manfred M. Fischer & Philipp Piribauer, 2017, "The role of US based FDI flows for global output dynamics," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp239, Feb.
• Lalik, Magdalena, 2017, "Interactions between fiscal multipliers and sovereign risk premium during fiscal consolidation: model based assessment for the euro area," Working Paper Series, European Central Bank, number 2016, Feb.
• Baumann, Ursel & Albuquerque, Bruno, 2017, "Will US inflation awake from the dead? The role of slack and non-linearities in the Phillips curve," Working Paper Series, European Central Bank, number 2001, Jan.
• Scharrer, Christian & Heer, Burkhard, 2016, "The Burden of Unanticipated Fiscal Policy," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145542.
• Anne-Marie Rieu-Foucault, 2017, "Comparer les mesures non conventionnelles de la FED et de la BCE : ce que disent les bilans des banques centrales," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2017-8.
• Andreas Hornstein & Marianna Kudlyak, 2017, "Generalized Matching Functions and Resource Utilization Indices for the Labor Market," Working Paper Series, Federal Reserve Bank of San Francisco, number 2017-5, Feb, DOI: 10.24148/wp2017-05.
• Ahlborn, Markus & Wortmann, Marcus, 2017, "Output gap similarities in Europe: Detecting country groups," University of Göttingen Working Papers in Economics, University of Goettingen, Department of Economics, number 305.
• Pincheira, Pablo, 2017, "A Power Booster Factor for Out-of-Sample Tests of Predictability," MPRA Paper, University Library of Munich, Germany, number 77027, Feb.
• Jarociński, Marek & Bobeica, Elena, 2017, "Missing disinflation and missing inflation: the puzzles that aren't," Working Paper Series, European Central Bank, number 2000, Jan.
• Klose, Jens, 2016, "Determinants of Eurosystems Central Banks Provisions," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145508.
• Liu, Yulin & Gersbach, Hans & Hahn, Volker, 2016, "Forward Guidance Contracts," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145552.
• Javier Sebastian, 2016, "Blockchain in financial services: Regulatory landscape and future challenges," Working Papers, BBVA Bank, Economic Research Department, number 16/21, Dec.
• Mand, Matthias, 2016, "On the Cyclicality of R&D Activities," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145472.
• Weijie Luo & Andrew Pickering & Paulo Santos Monteiro, 2017, "Inequality and the Size of Government," Discussion Papers, Department of Economics, University of York, number 17/02, Feb.
• Vugar Rahimov & Nigar Jafarova & Fuad Ganbarov, 2017, "The Exchange Rate Pass-Through to CPI and its components in Oil-Exporting CIS Countries," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 06-2017, Feb.
• Jeremy Greenwood & Nezih Guner & Guillaume Vandenbroucke, 2017, "Family Economics Writ Large," Working Papers, CEMFI, number wp2017_1706, Jan.
• Pu Chen & Willi Semmler, 2017, "Financial Stress, Regime Switching and Spillover Effects: Evidence from a Multi-Regime Global VAR Model," Working Papers, New School for Social Research, Department of Economics, number 1708, Feb.
• Patricia Carballo & José Ignacio González & Margarita Güenaga & José Mourelle & Gabriela Romaniello, 2015, "Un modelo semi estructural de proyecciones macroeconómicas para el Uruguay," Documentos de trabajo, Banco Central del Uruguay, number 2015012, Dec.
• Giulio Fella & Serafín Frache & Winfried Koeniger, 2016, "Buffer-stock saving and households' response to income shocks," Documentos de trabajo, Banco Central del Uruguay, number 2016001, Jan.
• Ekaterina Pirozhkova, 2017, "Bank loan components, uncertainty and monetary transmission mechanism," BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics, number 1702, Feb.
• Stähler, Nikolai & Moyen, Stephane & Winkler, Fabian, 2016, "Optimal Unemployment Insurance and International Risk Sharing," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145612.
• Loretta J. Mester, 2017, "A Serenity Prayer for Monetary Policymakers: Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Global Interdependence Center, Central Banking Series, Si," Speech, Federal Reserve Bank of Cleveland, number 79, Feb.
• Piergiorgio Alessandri & Margherita Bottero, 2017, "Bank lending in uncertain times," BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics, number 1703, Feb.
• Chandrasekhar, C. P., 2016, "Macroeconomic policy, employment and decent work in India," ILO Working Papers, International Labour Organization, number 994944592402676.
• Lionel Fontagné & Jean Fouré & Gianluca Santoni, 2017, "Value Added in Motion: Macroeconomic Implications of Energy Price Trajectories," Development Working Papers, Centro Studi Luca d'Agliano, University of Milano, number 426, Feb.
• B. Ravikumar & Ana Maria Santacreu & Michael Sposi, 2017, "Capital Accumulation and Dynamic Gains from Trade," Working Papers, Federal Reserve Bank of St. Louis, number 2017-5, Feb, DOI: 10.20955/wp.2017.005.
• Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2016, "Child-Related Transfers, Household Labor Supply and Welfare," Working Papers, CEMFI, number wp2016_1617, Dec.
• Natoli, Filippo & Sigalotti, Laura, 2017, "A new indicator of inflation expectations anchoring," Working Paper Series, European Central Bank, number 1996, Jan.
• Kaufmann, Christoph, 2016, "Optimal Fiscal Substitutes For The Exchange Rate In A Monetary Union," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145873.
• Herz, Benedikt, 2017, "Specific Human Capital and Wait Unemployment," MPRA Paper, University Library of Munich, Germany, number 76777, Feb.
• Ryan A. Decker & John Haltiwanger & Ron S. Jarmin & Javier Miranda, 2017, "Declining Dynamism, Allocative Efficiency, and the Productivity Slowdown," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2017-019, Feb, DOI: 10.17016/FEDS.2017.019.
• Siassi, Nawid & Ortigueira, Salvador, 2016, "Anti-Poverty Income Transfers in the US - A Framework for the Evaluation of Policy Reforms," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145665.
• Andrew Meldrum & Marek Raczko & Peter Spencer, 2016, "Overseas unspanned factors and domestic bond returns," Bank of England working papers, Bank of England, number 618, Sep.
• Groll, Dominik & Monacelli, Tommaso, 2016, "The Inherent Benefit of Monetary Unions," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145807.
• Irmen, Andreas & Tabakovic, Amer, 2016, "Factor Income Distribution and Endogenous Economic Growth - When Piketty meets Romer -," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145700.
• Stijn Claessens & Nicholas S. Coleman & Michael S. Donnelly, 2017, "\"Low-For-Long\" Interest Rates and Banks' Interest Margins and Profitability : Cross-Country Evidence," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1197, Feb, DOI: 10.17016/IFDP.2017.1197.
• Giuseppe Vitaletti, 2017, "Sraffa, Keynes, Rendite e Sistema Fiscale," Working papers, Società Italiana di Economia Pubblica, number 53, Feb.
• Fernando Leibovici & Michael E. Waugh, 2016, "International Trade and Intertemporal Substitution," Working Papers, Federal Reserve Bank of St. Louis, number 2017-4, Jun, DOI: 10.20955/wp.2017.004.
• Punzi, Maria Teresa & Rabitsch, Katrin, 2016, "Heterogeneity and business cycle fluctuations," FinMaP-Policy Letters, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents, number 4.
• Daniel Felipe Cuervo & Camilo Ernesto G�mez & Miguel Antonio Melo & Jos� Gregorio Ojeda, 2017, "Efectos de variaciones del precio del petróleo en un escenario de incertidumbre sobre el crecimiento económico de Colombia: 2001-2016," Econógrafos, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 15378, Feb.
• Régis Barnichon & Christian Matthes, 2016, "Understanding the size of the government spending multiplier: It's in the sign," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1555, May.
• Markus K. Brunnermeier & Michael Sockin & Wei Xiong, 2017, "China's Gradualistic Economic Approach and Financial Markets," NBER Working Papers, National Bureau of Economic Research, Inc, number 23194, Feb.
• Michele Benvenuti & Luca Casolaro & Emanuele Ciani, 2017, "Informal loans, liquidity constraints and local credit supply: evidence from Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1099, Feb.
• Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2017, "Firm Entry and Exit and Aggregate Growth," NBER Working Papers, National Bureau of Economic Research, Inc, number 23202, Feb.
• Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2017, "Firm Entry and Exit and Aggregate Growth," Staff Report, Federal Reserve Bank of Minneapolis, number 544, Feb.
• Rao, M. Govinda & Kumar, Sudhanshu, 2017, "Envisioning Tax Policy for Accelerated Development in India," Working Papers, National Institute of Public Finance and Policy, number 17/190, Feb.
• Natoli, Filippo & Sigalotti, Laura, 2017, "Tail co-movement in inflation expectations as an indicator of anchoring," Working Paper Series, European Central Bank, number 1997, Jan.
• Ward, Felix & Chen, Yao, 2016, "Rigid relations: External adjustment under the Gold Standard (1880-1913)," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145930.
• Cai, Fang. & Yang, Du. & Meiyan, Wang., 2016, "The role of monetary and fiscal policies in promoting more and better jobs in China : issues, evidence and policy options," ILO Working Papers, International Labour Organization, number 994939493502676.
• Matějka, Filip & Wiederholt, Mirko & Maćkowiak, Bartosz, 2017, "The rational inattention filter," Working Paper Series, European Central Bank, number 2007, Jan.
• Patrick J. Kehoe & Elena Pastorino, 2017, "Fiscal Unions Redux," Staff Report, Federal Reserve Bank of Minneapolis, number 543, Feb.
• Victor Kummritz & Bastiaan Quast, 2016, "Global Value Chains in Low and Middle Income Countries," CTEI Working Papers series, Centre for Trade and Economic Integration, The Graduate Institute, number 10-2016, Jan.
• Botta, Alberto & Tori, Daniele, 2017, "A critique to the expansionary austerity (part III): empirical counter facts beyond theoretical weaknesses," Greenwich Papers in Political Economy, University of Greenwich, Greenwich Political Economy Research Centre, number 16387, Feb.
• Andrin Spescha & Martin Wörter, 2016, "Innovation and Firm Growth over the Business Cycle," KOF Working papers, KOF Swiss Economic Institute, ETH Zurich, number 16-413, Oct, DOI: 10.3929/ethz-a-010726288.
• Rangan Gupta & Lardo Stander & Andrea Vaona, 2017, "Openness and Growth: Is the Relationship Non-Linear?," Working Papers, University of Pretoria, Department of Economics, number 201703, Jan.
• Hainz, Christa & Fidrmuc, Jarko & Hölzl, Werner, 2016, "Firm Credit Experience and Perceptions of Lending Policy: Business Survey Evidence from Austria," VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association, number 145863.
• Lionel Fontagné & Jean Fouré, 2017, "Value Added in Motion: Modelling World Trade Patterns at the 2035 Horizon," Development Working Papers, Centro Studi Luca d'Agliano, University of Milano, number 425, Feb.
• Patnaik, Ila & Felman, Joshua & Shah, Ajay, 2017, "An exchange market pressure measure for cross-country analysis," Working Papers, National Institute of Public Finance and Policy, number 17/189, Feb.
• Kim, Steven, 2016, "Complex Factors Behind Misguided Policies in Socioeconomics: From Mass Migration and Persistent Alienation to Rampant Crime and Economic Malaise," MPRA Paper, University Library of Munich, Germany, number 76733, Sep.

Report NEP-MAC-2017-03-05

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: