Report NEP-MAC-2017-05-07

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:

• Lakdawala, Aeimit, 2016, "Decomposing the Effects of Monetary Policy Using an External Instruments SVAR," MPRA Paper, University Library of Munich, Germany, number 78254, Nov.
• Gehrke, Britta & Lechthaler, Wolfgang & Merkl, Christian, 2017, "The German labor market during the Great Recession: Shocks and institutions," FAU Discussion Papers in Economics, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics, number 09/2017.
• Bilbiie, Florin, 2017, "The New Keynesian Cross," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11989, Apr.
• De Koning, Kees, 2017, "How savings can lower economic growth levels: the U.S. case," MPRA Paper, University Library of Munich, Germany, number 78806, Apr.
• Wieland, Volker & Binder, Michael & Lieberknecht, Philipp & Quintana, Jorge, 2017, "Model Uncertainty in Macroeconomics: On the Implications of Financial Frictions," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12013, Apr.
• Buiter, Willem, 2017, "The Good and the Bad Fiscal Theory of the Price Level," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 11975, Apr.
• Mark Weisbrot & Jake Johnston & Julia Villarruel Carrillo, 2016, "Brazil’s Enormous Interest Rate Tax: Can Brazilians Afford It?," CEPR Reports and Issue Briefs, Center for Economic and Policy Research (CEPR), number 2016-22, Dec.
• Robert Amano & Stefano Gnocchi, 2017, "Downward Nominal Wage Rigidity Meets the Zero Lower Bound," Staff Working Papers, Bank of Canada, number 17-16, DOI: 10.34989/swp-2017-16.
• Valdivia Coria, Joab Dan, 2016, "“Acelerador financiero, impacto del precio del gas”
  [“Financial accelerator, oil price impact "]," MPRA Paper, University Library of Munich, Germany, number 78784, Oct.
• Kerssenfischer, Mark, 2017, "The effects of US monetary policy shocks: Applying external instrument identification to a dynamic factor model," Discussion Papers, Deutsche Bundesbank, number 08/2017.
• Gerhard Rösl & Franz Seitz & Karl-Heinz Tödter, 2017, "Besser ohne Bargeld? Gesamtwirtschaftliche Wohlfahrtsverluste der Bargeldabschaffung," ROME Working Papers, ROME Network, number 201706, Jun.
• Polo, Andrea & Peydró, José-Luis & Sette, Enrico, 2017, "Monetary Policy at Work: Security and Credit Application Registers Evidence," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12011, Apr.
• Ahmed Jamal Pirzada, 2017, "Energy Price Uncertainty and Decreasing Pass-through to Core Inflation," Bristol Economics Discussion Papers, School of Economics, University of Bristol, UK, number 17/681, Apr, revised 30 May 2017.
• José-Luis Peydró & Andrea Polo & Sette Enrico, 2017, "Monetary policy at work: Security and credit application registers evidence," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1565, Apr, revised Apr 2018.
• Lucas Hafemann & Peter Tillmann, 2017, "The aggregate and country-speci c e ectiveness of ECB policy: evidence from an external instruments (VAR) approach," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 201720.
• Ansgar Belke, 2017, "Central Bank Communication: Managing Expectations through the Monetary Dialogue," ROME Working Papers, ROME Network, number 201704, Apr.
• Noga, Adam, 2016, "Special Theory of Employment and Co-Productive Goods," MPRA Paper, University Library of Munich, Germany, number 78647, Aug.
• Lakdawala, Aeimit & Schaffer, Matthew, 2016, "Federal Reserve Private Information and the Stock Market," MPRA Paper, University Library of Munich, Germany, number 77608, Dec.
• William Gatt, 2016, "Time variation, asymmetry and threshold effect in Malta's Phillips curve," CBM Working Papers, Central Bank of Malta, number WP/02/2016.
• Guo, Zi-Yi, 2017, "Information heterogeneity, housing dynamics and the business cycle," Economics Discussion Papers, Kiel Institute for the World Economy, number 2017-17.
• Aaron G Grech & Noel Rapa, , "Trends in Malta’s current account and their underlying causes," CBM Policy Papers, Central Bank of Malta, number PP/03/2016.
• Rösl, Gerhard & Seitz, Franz & Tödter, Karl-Heinz, 2017, "Doing away with cash? The welfare costs of abolishing cash," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 112.
• Papavangjeli, Meri & Leka, Eralda, 2016, "Përcaktuesit mikro- dhe makroekonomikë të marzhit neto të interesave në sistemin bankar shqiptar (2002-2014)
  [Micro- and macroeconomic determinants of net interest margin in the Albanian banking sy," MPRA Paper, University Library of Munich, Germany, number 78604, Mar, revised Jun 2016.
• Aldasoro, Iñaki & Unger, Robert, 2017, "External financing and economic activity in the euro area: Why are bank loans special?," Discussion Papers, Deutsche Bundesbank, number 04/2017.
• Rueben Ellul, 2016, "A real-time measure of business conditions in Malta," CBM Working Papers, Central Bank of Malta, number WP/04/2016.
• Lakdawala, Aeimit & Wu, Shu, 2017, "Federal Reserve Credibility and the Term Structure of Interest Rates," MPRA Paper, University Library of Munich, Germany, number 78253, Jan.
• Item repec:ddt:wpaper:28 is not listed on IDEAS anymore

• Stefano Eusepi & Bruce Preston, 2017, "Fiscal Foundations of Inflation: Imperfect Knowledge," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2017-34, May.
• Gambetti, Luca & Messina, Julián, 2017, "Evolving Wage Cyclicality in Latin America," IZA Discussion Papers, Institute of Labor Economics (IZA), number 10657, Mar.
• Emmanuel Farhi & Iván Werning, 2017, "Monetary Policy, Bounded Rationality, and Incomplete Markets," NBER Working Papers, National Bureau of Economic Research, Inc, number 23281, Mar.
• Robert Kollmann & Beatrice Pataracchia & Rafal Raciborski & Marco Ratto & Werner Roeger & Lukas Vogel, 2017, "Drivers of the Post-crisis Slump in the Eurozone and the US," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number ECARES 2017-22, Apr.
• BLINOV, Sergey, 2017, "Economic Forecasting Based on the Relationship between GDP and Real Money Supply," MPRA Paper, University Library of Munich, Germany, number 78717, Apr.
• Tesfaselassie, Mewael F. & Wolters, Maik, 2017, "The impact of growth on unemployment in a low vs. a high inflation environment," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 113.
• Brian Micallef, 2016, "Property price misalignment with fundamentals in Malta," CBM Working Papers, Central Bank of Malta, number WP/03/2016.
• Alessia Paccagnini, 2017, "Forecasting with FAVAR: macroeconomic versus financial factors," NBP Working Papers, Narodowy Bank Polski, number 256.
• Asali, Muhammad, 2015, "Recessions are Not Good for Your Health: the Counter-Cyclical Health Outcomes Revisited," MPRA Paper, University Library of Munich, Germany, number 78204, Jun.
• Kamal, Asmma, 2016, "Output Composition of Monetary Policy Transmission in Pakistan," MPRA Paper, University Library of Munich, Germany, number 78655, Oct, revised 20 Apr 2017.
• William Gatt & Owen Grech, , "An assessment of the Maltese housing market," CBM Policy Papers, Central Bank of Malta, number PP/02/2016.
• Valdivia Coria, Joab Dan, 2016, "Evaluación de la Política Fiscal de Bolivia
  [Evaluation of Bolivia's Fiscal Policy]," MPRA Paper, University Library of Munich, Germany, number 78789, Sep.
• Blinder, Alan S. & Ehrmann, Michael & de Haan, Jakob & Jansen, David-Jan, 2017, "Necessity as the mother of invention: monetary policy after the crisis," Working Paper Series, European Central Bank, number 2047, Apr.
• Stähler, Nikolai, 2017, "A model-based analysis of the macroeconomic impact of the refugee migration to Germany," Discussion Papers, Deutsche Bundesbank, number 05/2017.
• Radosevic, Dubravko, 2016, "Financial Markets and Debt Crisis in European Union: Preventing spillover effects of financial crisis between EU periphery and the eurozone," MPRA Paper, University Library of Munich, Germany, number 78613, Dec, revised 03 Mar 2017.
• Benjamin Beckers & Konstantin A. Kholodilin & Dirk Ulbricht, 2017, "Reading between the Lines: Using Media to Improve German Inflation Forecasts," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1665.
• Brian Micallef, , "Unit labour costs, wages and productivity in Malta: a sectoral and cross-country analysis," CBM Policy Papers, Central Bank of Malta, number PP/01/2015.
• Juan Carlos Conesa & Daniela Costa & Parisa Kamali & Timothy J. Kehoe & Vegard Nygaard & Gajen Raveendranathan & Akshar Saxena, 2017, "Macroeconomic Effects of Medicare," Staff Report, Federal Reserve Bank of Minneapolis, number 548, Apr, DOI: 10.21034/sr.548.
• Owen Grech & Noel Rapa, 2016, "STREAM: A structural macro-econometric model of the Maltese economy," CBM Working Papers, Central Bank of Malta, number WP/01/2016.
• Michael Ash & Deepankar Basu & Arindrajit Dube, 2017, "Public Debt and Growth : An Assessment of Key Findings on Causality and Thresholds," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics, number 2017-10.
• Francesco Furlanetto & Ørjan Robstad, 2017, "Immigration and the macroeconomy: some new empirical evidence," Working Papers, Banco de España, number 1716, Apr.
• Polbin, Andrey & Skrobotov, Anton, 2017, "Спектральная Оценка Компоненты Бизнес Цикла Ввп России С Учетом Высокой Зависимости От Условий Торговли
  [Spectral estimation of the business cycle component of the Russian GDP under high dependence," MPRA Paper, University Library of Munich, Germany, number 78667, Apr.
• Kamiar Mohaddes & Mehdi Raissi & Anke Weber, 2017, "Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 309, Mar, DOI: 10.24149/gwp309.
• Òscar Jordà & Björn Richter & Moritz Schularick & Alan M. Taylor, 2017, "Bank Capital Redux: Solvency, Liquidity, and Crisis," NBER Working Papers, National Bureau of Economic Research, Inc, number 23287, Mar.
• Beyer, Robert & Wieland, Volker, 2017, "Instability, imprecision and inconsistent use of equilibrium real interest rate estimates," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 110.
• Siem Koopman & André Lucas & Marcin Zamojski, 2017, "Dynamic term structure models with score-driven time-varying parameters: estimation and forecasting," NBP Working Papers, Narodowy Bank Polski, number 258.
• Wensheng Kang & Ronald A. Ratti & Joaquin L. Vespignani, 2017, "Global Commodity Prices and Global Stock Volatility Shocks: Effects across Countries," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 311, Apr, DOI: 10.24149/gwp311.
• Hyeongwoo Kim & Yunxiao Zhang, 2017, "Investigating Properties of Commodity Price Responses to Real and Nominal Shocks," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2017-02, Apr.
• Brian Micallef, , "Estimating the Impact on potential output of structural reforms to Increase the female participation rate," CBM Policy Papers, Central Bank of Malta, number PP/03/2015.
• Amany El-Anshasy & Kamiar Mohaddes & Jeffrey B. Nugent, 2017, "Oil, Volatility and Institutions: Cross-Country Evidence from Major Oil Producers," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 310, Apr, DOI: 10.24149/gwp310.
• Cholewa, Jan & Goecke, Henry & Grömling, Michael, 2016, "The IW business cycle traffic lights: The state of the economy at a glance," IW-Reports, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 2/2016.
• Donadelli, Michael & Grüning, Patrick, 2017, "Innovation dynamics and fiscal policy: Implications for growth, asset prices, and welfare," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 171, DOI: 10.2139/ssrn.2955089.
• José-María Da-Rocha & Marina Mendes Tavares & Diego Restuccia, 2017, "Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity," NBER Working Papers, National Bureau of Economic Research, Inc, number 23339, Apr.
• Piotr Bańbuła & Marcin Pietrzak, 2017, "Early warning models of banking crises applicable to non-crisis countries," NBP Working Papers, Narodowy Bank Polski, number 257.
• Dilger, Alexander, 2017, "The Euro from a business perspective," Discussion Papers of the Institute for Organisational Economics, University of Münster, Institute for Organisational Economics, number 3/2017.
• Noel Rapa, 2016, "MEDSEA : a small open economy DSGE model for Malta," CBM Working Papers, Central Bank of Malta, number WP/05/2016.
• Fella, Giulio & Frache, Serafin & Koeniger, Winfried, 2017, "Buffer-stock saving and households' response to income shocks," CFS Working Paper Series, Center for Financial Studies (CFS), number 570.
• Jorge Uxo & Ignacio Àlvarez & Eladio Febrero, 2017, "Fiscal space on the Eurozone periphery: The case of Spain," IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 176-2017.
• Helmut Hiess & Roman Römisch, 2017, "Aktuelle Entwicklungen und Trends in den Regionen Mittelost-/Südosteuropas und des Donauraums," wiiw Research Reports in German language, The Vienna Institute for International Economic Studies, wiiw, number 6, Apr.
• Eric Rosengren, 2017, "The Federal Reserve balance sheet and monetary policy: remarks at the 26th Annual Hyman P. Minsky Conference, Levy Economics Institute of Bard College, Annandale-On-Hudson, New York, April 19, 2017," Speech, Federal Reserve Bank of Boston, number 117, Apr.
• Agudelo, Sonia A. & Sala, Hector, 2017, "Wage Rigidities in Colombia: Measurement, Causes, and Policy Implications," IZA Discussion Papers, Institute of Labor Economics (IZA), number 10669, Mar.
• Ilomaki Jukka & Laurila Hannu, 2017, "Endogenous Real Risk-Free Rate, the Central Bank, and Stock Market," Working Papers, Tampere University, Faculty of Management and Business, Economics, number 1713, Jan.
• Matthes, Jürgen & Iara, Anna, 2016, "On the future of EMU: Targeted reforms instead of more fiscal integration," IW-Reports, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 17/2016.
• Shahardin, Nur'Izzate Iwana, 2017, "Monitoring Performance of Maybank Berhad in the Presence of Risk," MPRA Paper, University Library of Munich, Germany, number 78681, Apr.
• Brian Micallef, , "The process of economic convergence in Malta and in the European Union," CBM Policy Papers, Central Bank of Malta, number PP/02/2017.
• Guillaume Rocheteau & Pierre-Olivier Weill & Russell Wong, 2017, "A Tractable Model of Monetary Exchange with Ex-Post Heterogeneity," Working Paper, Federal Reserve Bank of Richmond, number 17-6, Apr.
• Hyeongwoo Kim & Kyunghwan Ko, 2017, "Improving Forecast Accuracy of Financial Vulnerability: PLS Factor Model Approach," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2017-03, May.
• Andra Filote & Georgi Kocharkov & Jan Mellert, 2017, "Teenage Childbearing and the Welfare State," Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz, number 2017-01, Jan.
• Mohammad Davoodalhosseini, 2017, "Constrained Efficiency with Adverse Selection and Directed Search," Staff Working Papers, Bank of Canada, number 17-15, DOI: 10.34989/swp-2017-15.
• Francesco Furlanetto & Paolo Gelain & Marzie Taheri Sanjani, 2017, "Output gap, monetary policy trade-offs and financial frictions," Working Paper, Norges Bank, number 2017/8, Apr.
• Aaron G Grech, , "The Diversification of the Maltese Economy," CBM Policy Papers, Central Bank of Malta, number PP/02/2015.
• Tng Boon Hwa & Mala Raghavan & Teh Tian Huey, 2017, "Macro-Financial Effects of Portfolio Flows: Malaysia's Experience," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2017-35, May.
• Schlepper, Kathi & Riordan, Ryan & Hofer, Heiko & Schrimpf, Andreas, 2017, "Scarcity effects of QE: A transaction-level analysis in the Bund market," Discussion Papers, Deutsche Bundesbank, number 06/2017.
• Yasushi Asako & Yukihiko Funaki & Kozo Ueda & Nobuyuki Uto, 2017, "(A)symmetric Information Bubbles: Experimental Evidence," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 312, Apr, DOI: 10.24149/gwp312.
• Marian Vavra, 2016, "Testing the Validity of Assumptions of UC-ARIMA Models for Trend-Cycle Decompositions," Working and Discussion Papers, Research Department, National Bank of Slovakia, number WP 4/2016, Sep.
• Claudio Borio & Boris Hofmann, 2017, "Is monetary policy less effective when interest rates are persistently low?," BIS Working Papers, Bank for International Settlements, number 628, Apr.
• Alessandro Di Nola & Georgi Kocharkov & Aleksandar Vasilev, 2017, "Productivity, Taxation and Evasion: An Analysis of the Determinants of the Informal Economy," 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-2017-04, Apr, revised Apr 2017.
• Yeo Joon Yoon & Woong Lee & Hyuk Ju Kwon & Seongman Moon, 2015, "미국 통화정책 정상화에 따른 출구전략 효과 및 시사점 (The Normalization of US Monetary Policy and its Implications)," Policy Analyses, Korea Institute for International Economic Policy, number 15-23, Dec, DOI: 10.2139/ssrn.2779396.
• Angel De la Fuente, 2017, "Series enlazadas de algunos agregados economicos regionales, 1955-2014," Working Papers, BBVA Bank, Economic Research Department, number 17/10, Apr.
• Lourdes, Joan Salome, 2017, "Performance and Risk of Macroeconomics Factors: Empirical evidence from Silver Ridge Holdings," MPRA Paper, University Library of Munich, Germany, number 78804, Apr, revised 26 Apr 2017.
• Ken Urai & Hiromi Murakami, 2017, "Local Independence, Monotonicity, Incentive Compatibility and Axiomatic Characterization of Price-Money Message Mechanism," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 17-08, Apr.
• Marta Lachowska, , "The Effect of Income on Subjective Well-Being: Evidence from the 2008 Economic Stimulus Tax Rebates," Upjohn Working Papers, W.E. Upjohn Institute for Employment Research, number ml17-jhr.
• Warmedinger, Thomas & Checherita-Westphal, Cristina & Drudi, Francesco & Setzer, Ralph & De Stefani, Roberta & Bouabdallah, Othman & Westphal, Andreas, 2017, "Debt sustainability analysis for euro area sovereigns: a methodological framework," Occasional Paper Series, European Central Bank, number 185, Apr.
• Dieppe, Alistair & Georgiadis, Georgios & Ricci, Martino & Van Robays, Ine & van Roye, Björn, 2017, "ECB-Global: introducing ECB's global macroeconomic model for spillover analysis," Working Paper Series, European Central Bank, number 2045, Apr.
• Stefan Avdjiev & Stephan Binder & Ricardo Sousa, 2017, "External debt composition and domestic credit cycles," BIS Working Papers, Bank for International Settlements, number 627, Apr.
• Ratti, Mattia Luigi, 2017, "The Economics of Natural Disasters: an Overview of the Current Research Issues and Methods," CERE Working Papers, CERE - the Center for Environmental and Resource Economics, number 2017:3, Apr.
• Ramlan, Nur Hu Yani, 2017, "Firm Risk and Performance: The Role of Corporate Governance in Bertam Alliance Berhad," MPRA Paper, University Library of Munich, Germany, number 78378, Apr, revised 01 Apr 2017.
• Chris Belfield & Richard Blundell & Jonathan Cribb & Andrew Hood & Robert Joyce, 2017, "Two decades of income inequality in Britain: the role of wages, household earnings and redistribution," IFS Working Papers, Institute for Fiscal Studies, number W17/01, Jan.
• Kevin x.d. Huang & Munechika Katayama & Mototsugu Shintani & Takayuki Tsuruga, 2017, "Sticky-Wage Models and Knowledge Capital: A Note," Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics, number 17-00006, Apr.
• Rudolf Alvise Lennkh & Edmund Moshammer & Vilém Valenta, 2017, "A Comprehensive Scorecard for Assessing Sovereign Vulnerabilities," Working Papers, European Stability Mechanism, number 23, Apr.
• Aaron G Grech, , "The possible impact of pension age changes on Malta’s potential output," CBM Policy Papers, Central Bank of Malta, number PP/01/2016.

Report NEP-MAC-2017-05-07

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: