Report NEP-MAC-2017-06-04

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:

• Ali Ozdagli & Michael Weber, 2017, "Monetary Policy through Production Networks: Evidence from the Stock Market," NBER Working Papers, National Bureau of Economic Research, Inc, number 23424, May.
• Gorga, Carmine, 2017, "What To Do If The Stock Market Crashes?," MPRA Paper, University Library of Munich, Germany, number 79408, Mar, revised 26 May 2017.
• Gregory Levieuge & Yannick Lucotte & Florian Pradines-Jobet, 2017, "Central banks preferences and banking sector vulnerability," Bank of Estonia Working Papers, Bank of Estonia, number wp2017-3, May, revised 25 May 2017, DOI: 10.23656/25045520/32017/0141.
• Troy Davig & Andrew T. Foerster, 2017, "Communicating Monetary Policy Rules," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 17-4, Apr, DOI: 10.18651/RWP2017-04.
• Takuji Kawamoto & Tatsuya Ozaki & Naoya Kato & Kohei Maehashi, 2017, "Methodology for Estimating Output Gap and Potential Growth Rate: An Update," Bank of Japan Research Papers, Bank of Japan, number 17-05-31, May.
• Wei Cui & Leo Kaas, 2017, "Default Cycles," Discussion Papers, Centre for Macroeconomics (CFM), number 1716, May.
• Vasilios Plakandaras & Rangan Gupta & Periklis Gogas & Theophilos Papadimitriou, 2017, "Macroeconomic Uncertainty, Growth and Inflation in the Eurozone: A Causal Approach," Working Papers, University of Pretoria, Department of Economics, number 201737, May.
• Volker Hahn, 2017, "Policy Effects in a Simple Fully Non-Linear New Keynesian Model of the Liquidity Trap," Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz, number 2017-05, May.
• Salvatore Perdichizzi, 2017, "Estimating Fiscal multipliers in the Eurozone. A Nonlinear Panel Data Approach," DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE), number def058, May.
• Sohei Kaihatsu & Mitsuru Katagiri & Noriyuki Shiraki, 2017, "Phillips Curve and Price-Change Distribution under Declining Trend Inflation," Bank of Japan Working Paper Series, Bank of Japan, number 17-E-5, May.
• James Bishop & Peter Tulip, 2017, "Anticipatory Monetary Policy and the 'Price Puzzle'," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2017-02, May.
• Hawkins, Raymond J. & Nguyen, Chau N., 2017, "Macroeconomic dynamics and the IS puzzle," Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel), number 2017-20.
• Juan Carlos Cuestas & Merike Kukk, 2017, "Asymmetries in the interaction between housing prices and housing credit in Estonia," Bank of Estonia Working Papers, Bank of Estonia, number wp2017-2, May, revised 25 May 2017, DOI: 10.23656/25045520/22017/0140.
• Martin Lukáèik & Karol Szomolányi & Adriana Lukáèiková, 2017, "Short-Run Elasticity of Substitution – Error Correction Model," Working Papers, Institute of Economic Research, number 63/2017, May, revised May 2017.
• Michaela Stanickova, 2017, "Efficient Implementation of the Europe 2020 Strategy Goals: Is Social Equality Achievable Reality or Myth Perhaps?," Working Papers, Institute of Economic Research, number 120/2017, May, revised May 2017.
• Zlatko J. Kovacic & Milos Vilotic, 2017, "Testing European Business cycles asymmetry," Working Papers, Institute of Economic Research, number 48/2017, May, revised May 2017.
• Ndiaye, Ndeye Djiba & Masih, Mansur, 2017, "Is inflation targeting the proper monetary policy regime in a dual banking system? new evidence from ARDL bounds test," MPRA Paper, University Library of Munich, Germany, number 79420, May.
• Wei Dai & Mark Weder & Bo Zhang, 2017, "Animal Spirits, Financial Markets and Aggregate Instability," School of Economics and Public Policy Working Papers, University of Adelaide, School of Economics and Public Policy, number 2017-08, May.
• Amanda M. Michaud & Jacek Rothert, 2017, "Redistributive Fiscal Policies and Business Cycles in Emerging Economies," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1709, May, DOI: 10.26509/frbc-wp-201709.
• Michalis Nikiforos & Gennaro Zezza, 2017, "Stock-flow Consistent Macroeconomic Models: A Survey," Economics Working Paper Archive, Levy Economics Institute, number wp_891, May.
• Karolina Tura-Gawron, 2017, "The Forecasts-based Instrument Rule and Repo Rates Decisions in Sweden. How closely interlinked?," Working Papers, Institute of Economic Research, number 135/2017, May, revised May 2017.
• Adrien Auclert, 2017, "Monetary Policy and the Redistribution Channel," NBER Working Papers, National Bureau of Economic Research, Inc, number 23451, May.
• Enders, Zeno & Kleemann, Michael & Müller, Gernot J., 2017, "Growth expectations, undue optimism, and short-run fluctuations," Discussion Papers, Deutsche Bundesbank, number 11/2017.
• Mauro Pisu, 2017, "Promoting a private investment renaissance in Italy," OECD Economics Department Working Papers, OECD Publishing, number 1388, May, DOI: 10.1787/1d22b8b1-en.
• Isabelle Salle & Pascal Seppecher, 2017, "Stabilizing an Unstable Complex Economy-On the limitations of simple rules," CEPN Working Papers, Centre d'Economie de l'Université de Paris Nord, number 2017-07, Apr.
• Magdalena Szyszko & Aleksandra Rutkowska, 2017, "Forward-looking Component in Consumers’ Expectations and the Central Bank’s Forecast: Some Evidence for European Countries," Working Papers, Institute of Economic Research, number 128/2017, May, revised May 2017.
• Gerba, Eddie & Żochowski, Dawid, 2017, "Knightian uncertainty and credit cycles," Working Paper Series, European Central Bank, number 2068, May.
• Citak, Yusuf Ensar & Masih, Mansur, 2017, "Discerning Granger-causal chain between oil prices, exchange rates and inflation rates: Evidence from Turkey," MPRA Paper, University Library of Munich, Germany, number 79453, May.
• Razak, Lutfi Abdul & Masih, Mansur, 2017, "Revisit Feldstein-Horioka puzzle: evidence from Malaysia (1960-2015)," MPRA Paper, University Library of Munich, Germany, number 79407, May.
• Fan, Ying & Yavas, Abdullah, 2017, "How Does Mortgage Debt Affect Household Consumption? Micro Evidence from China," MPRA Paper, University Library of Munich, Germany, number 79306, May.
• Roberto Marfè, 2016, "Labor Rigidity, In ation Risk and Bond Returns," Carlo Alberto Notebooks, Collegio Carlo Alberto, number 461.
• Paula Gil & Francisco Martí & Richard Morris & Javier J. Pérez & Roberto Ramos, 2017, "The output effects of tax changes: narrative evidence from Spain," Working Papers, Banco de España, number 1721, May.
• Tomasz Piskorski & Alexei Tchistyi, 2017, "An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts," NBER Working Papers, National Bureau of Economic Research, Inc, number 23452, May.
• Roberto Marfè & Julien Penasse, 2016, "The Time-Varying Risk of Macroeconomic Disasters," Carlo Alberto Notebooks, Collegio Carlo Alberto, number 463.
• Luis J. Álvarez & Ana Gómez-Loscos, 2017, "A menu on output gap estimation methods," Working Papers, Banco de España, number 1720, May.
• srithilat, khaysy & Sun, Gang, 2017, "The Impact of Monetary Policy on Economic Development: Evidence from Lao PDR," MPRA Paper, University Library of Munich, Germany, number 79369, Feb, revised 27 Apr 2017.
• Christina Christou & Ruthira Naraidoo & Rangan Gupta & Won Joong Kim, 2017, "Monetary Policy Reaction Functions of the TICKs: A Quantile Regression Approach," Working Papers, University of Pretoria, Department of Economics, number 201738, May.
• Christian Garciga & Edward S. Knotek, 2017, "Forecasting GDP Growth with NIPA Aggregates," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1708, May, DOI: 10.26509/frbc-wp-201708.
• Blazej Mazur, 2017, "Density Forecasts of Polish Industrial Production: a Probabilistic Perspective on Business Cycle Fluctuations," Working Papers, Institute of Economic Research, number 75/2017, May, revised May 2017.
• Cantillo, Miguel, 2017, "A Reconsideration of the Equity Premium Puzzle," MPRA Paper, University Library of Munich, Germany, number 79357, May.
• Silva Lopes, Artur C. & Florin Zsurkis, Gabriel, 2017, "Are linear models really unuseful to describe business cycle data?," MPRA Paper, University Library of Munich, Germany, number 79413, May.
• Deicy Cristiano-Botia & Eliana González-Molano & Carlos Huertas-Campos, 2017, "Evaluación de la transmisión de la tasa de interés de referencia a las tasas de interés del sistema financiero considerando las expectativas de los agentes," Borradores de Economia, Banco de la Republica de Colombia, number 988, Mar, DOI: 10.32468/be.988.
• Matt Darst & Ehraz Refayet, 2017, "A Model of Endogenous Debt Maturity with Heterogeneous Beliefs," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2017-057, May, DOI: 10.17016/FEDS.2017.057r1.
• Grégory Claeys & Konstantinos Efstathiou, 2017, "Is the recent increase in long-term interest rates a threat to euro-area recovery?," Bruegel Policy Contributions, Bruegel, number 20686, May.
• Nor, Amirudin Mohd & Masih, Mansur, 2017, "Do Islamic banks lead or lag conventional banks? Evidence from Malaysia," MPRA Paper, University Library of Munich, Germany, number 79425, May.
• Wieslaw Matwiejczuk & Mariusz Gorustowicz, 2017, "Determinants of economic fluctuations in the construction sec-tor," Working Papers, Institute of Economic Research, number 74/2017, May, revised May 2017.
• Roberto Marfè, 2016, "Labor Rigidity and the Dynamics of the Value Premium," Carlo Alberto Notebooks, Collegio Carlo Alberto, number 460.
• Leslie G. Manison, 2017, "Lack Of Adjustment Of The Cyprus Household Sector: Results From The Eurosystem’S Household Finance And Consumption Surveys," Development Discussion Papers, JDI Executive Programs, number 2017-10, Oct.
• Mariusz Zielinski, 2017, "The Influence of the Economic Situation on Employment and its Structure in the Central and Eastern European Countries," Working Papers, Institute of Economic Research, number 147/2017, May, revised May 2017.
• Yosuke Jin & Aida Caldera Sánchez & Pilar Garcia Perea, 2017, "Reforms for more and better quality jobs in Spain," OECD Economics Department Working Papers, OECD Publishing, number 1386, May, DOI: 10.1787/72275f0b-en.
• Hodori, Arif & Masih, Mansur, 2017, "Determinants of profitability of takaful operators: new evidence from Malaysia based on dynamic GMM approach," MPRA Paper, University Library of Munich, Germany, number 79441, May.
• Georgios Georgiadis & Martina Jancokova, 2017, "Financial Globalisation, Monetary Policy Spillovers and Macro-modelling: Tales from 1001 Shocks," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 314, May, DOI: 10.24149/gwp314.
• Anna Horodecka & Liudmyla Vozna, 2017, "Wage Inequality in its Relation with Macroeconomic Stability: A Synergetic Approach," Working Papers, Institute of Economic Research, number 37/2017, May, revised May 2017.
• Perevyshin, Yuri (Перевышин, Юрий), 2017, "Peculiarities of Interaction of Monetary and Fiscal Policy Under the Inflation Targeting Regime
  [Особенности Взаимодействия Денежно-Кредитной И Фискальной Политики При Режиме Инфляционного Таргетир," Working Papers, Russian Presidential Academy of National Economy and Public Administration, number 031711, Mar.
• Shaofeng Xu, 2017, "Volatility Risk and Economic Welfare," Staff Working Papers, Bank of Canada, number 17-20, DOI: 10.34989/swp-2017-20.
• James D. Hamilton, 2017, "Why You Should Never Use the Hodrick-Prescott Filter," NBER Working Papers, National Bureau of Economic Research, Inc, number 23429, May.
• Wasniewski, Krzysztof, 2017, "Financial equilibrium in the presence of technological change," MPRA Paper, University Library of Munich, Germany, number 79426, May.
• Bakari, Sayef, 2017, "The Impact of Domestic Investment on Economic Growth: New Evidence from Malaysia," MPRA Paper, University Library of Munich, Germany, number 79436, Jan.
• Francisco M. Gonzalez & Yu Chen & Matthew Doyle, 2017, "Mismatch As Choice," Working Papers, University of Waterloo, Department of Economics, number 1702, May, revised May 2017.
• Luo, Yinghao, 2017, "Communism, Value Neutrality and Monetary Neutrality," MPRA Paper, University Library of Munich, Germany, number 79367, May.
• Mallick, Debdulal, 2017, "The Growth-Volatility Relationship: What Does Volatility Decomposition Tell?," MPRA Paper, University Library of Munich, Germany, number 79397, May.
• Anthony A. DeFusco & Charles G. Nathanson & Eric Zwick, 2017, "Speculative Dynamics of Prices and Volume," NBER Working Papers, National Bureau of Economic Research, Inc, number 23449, May.
• Oliver de Groot & Alexander W. Richter & Nathaniel A. Throckmorton, 2017, "Uncertainty Shocks in a Model of Effective Demand: Comment," Working Papers, Federal Reserve Bank of Dallas, number 1706, May, DOI: 10.24149/wp1706.
• Salvatore Perdichizzi, 2017, "The impact of ECBs conventional and unconventional monetary policies on European banking indexes returns," DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE), number def059, May.
• Stephen F. Quinn & William Roberds, 2017, "An Early Experiment with \"Permazero\"," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2017-5, May.
• Tanin, Tauhidul Islam & Masih, Mansur, 2017, "Does economic freedom lead or lag economic growth? evidence from Bangladesh," MPRA Paper, University Library of Munich, Germany, number 79446, May.
• Eleni Dalla, 2017, "Monetary policy implications on the investment decision: Do economies of scope in the banking sector matter?," Discussion Paper Series, Department of Economics, University of Macedonia, number 2017_05, Mar, revised Mar 2017.
• Trunin, Pavel (Трунин, Павел) & Sinelnikov-Murylev, Segei (Синельников-Мурылев, Сергей) & Perevyshin, Yuri (Перевышин, Юрий) & Egorov, D.A. (Егоров, Д.А.), 2017, "Analysis of the Regional Differentiation of Inflation
  [Анализ Региональной Дифференциации Инфляции]," Working Papers, Russian Presidential Academy of National Economy and Public Administration, number 021708, Feb.
• Magdalena Cyrek, 2017, "Social Efficiency of Sectoral Employment in Polish Regions," Working Papers, Institute of Economic Research, number 21/2017, May, revised May 2017.
• Pleskachev, Yury (Плескачев, Юрий) & Ponomarev, Yury (Пономарев, Юоий), 2017, "The Degree of Import Price Rigidity with Respect to Exchange Rate Fluctuations and Importing Firm Characteristics in Russian Economy
  [Влияние Колебаний Обменного Курса И Характеристик Фирм Импортер," Working Papers, Russian Presidential Academy of National Economy and Public Administration, number 031706, Mar.
• Wahab, Fatin Farhana & Masih, Mansur, 2017, "Discerning lead-lag between fear index and realized volatility," MPRA Paper, University Library of Munich, Germany, number 79433, May.
• Item repec:san:wpecon:1710 is not listed on IDEAS anymore

• Charles F. Manski, 2017, "Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise," NBER Working Papers, National Bureau of Economic Research, Inc, number 23418, May.
• Item repec:san:cdmawp:1703 is not listed on IDEAS anymore

• Paul Mercier, 2017, "Public debt, central bank and money: Some clarifications," BCL working papers, Central Bank of Luxembourg, number 108, May.
• Marcin Sitek, 2017, "The Risk Involved in Implementation of Innovations in the Real Estate Market," Working Papers, Institute of Economic Research, number 159/2017, May, revised May 2017.
• Tairi Room & Jaanika Merikull, 2017, "The financial fragility of Estonian households: Evidence from stress tests on the HFCS microdata," Bank of Estonia Working Papers, Bank of Estonia, number wp2017-4, May, revised 25 May 2017, DOI: 10.23656/25045520/42017/0142.
• Nazeer, Abdul Malik & Masih, Mansur, 2017, "Impact of political instability on foreign direct investment and Economic Growth: Evidence from Malaysia," MPRA Paper, University Library of Munich, Germany, number 79418, May.
• Santeramo, Fabio Gaetano & Lamonaca, Emilia & Contò, Francesco & Stasi, Antonio & Nardone, Gianluca, 2017, "Drivers of grain price volatility: a cursory critical review," MPRA Paper, University Library of Munich, Germany, number 79427, Apr.
• Katarzyna Grotkiewicz & Agnieszka Latawiec & Maciej Kubon & Anna Szelag-Sikora & Marcin Niemiec, 2017, "Productivity of work and land: a comparison between three dissimilar countries," Working Papers, Institute of Economic Research, number 30/2017, May, revised May 2017.
• John C. Williams, 2017, "Risk, Resilience & Sustainable Growth: U.S. Monetary Policy in a Post-Recovery Era," Speech, Federal Reserve Bank of San Francisco, number 177, May.
• Isaev, Mirolim & Masih, Mansur, 2017, "The nexus of private sector foreign debt, unemployment, trade openness: evidence from Australia," MPRA Paper, University Library of Munich, Germany, number 79423, May.
• Bellino, Enrico & Serrano, Franklin, 2017, "Gravitation of market prices towards normal prices: some new results," MPRA Paper, University Library of Munich, Germany, number 79297, May.
• Dobronravova, Elizaveta (Добронравова, Елизавета), 2017, "Modeling the Processes of Economic and Monetary Integration
  [Моделирование Процессов Экономической И Валютной Интеграции]," Working Papers, Russian Presidential Academy of National Economy and Public Administration, number 031710, Mar.
• Item repec:vuw:vuwecf:6354 is not listed on IDEAS anymore

• David Haugh & Müge Adalet McGowan & Dan Andrews & Aida Caldera Sánchez & Gabor Fulop & Pilar Garcia Perea, 2017, "Fostering innovative business investment in Spain," OECD Economics Department Working Papers, OECD Publishing, number 1387, May, DOI: 10.1787/f957c2cc-en.
• Maryam Farboodi & Laura Veldkamp, 2017, "Long Run Growth of Financial Technology," NBER Working Papers, National Bureau of Economic Research, Inc, number 23457, May.
• Luca Pensieroso & Alessandro Sommacal, 2017, "Agriculture to Industry: the End of Intergenerational Coresidence," Working Papers, University of Verona, Department of Economics, number 10/2017, May.
• Luca Pensieroso & Alessandro Sommacal, 2017, "Agriculture to Industry: the End of Intergenerational Coresidence," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2017007, May.
• Ahmed, Azleen Rosemy & Masih, Mansur, 2017, "What is the link between financial development and income inequality? evidence from Malaysia," MPRA Paper, University Library of Munich, Germany, number 79416, May.
• Edward Herbst & Frank Schorfheide, 2017, "Tempered Particle Filtering," NBER Working Papers, National Bureau of Economic Research, Inc, number 23448, May.
• Möhlmann, Axel, 2017, "Interest rate risk of life insurers: Evidence from accounting data," Discussion Papers, Deutsche Bundesbank, number 10/2017.
• Kebalo, Léleng, 2017, "Incidence de l'ouverture économique et de la libéralisation financière des pays de la Communauté Économique des États de l'Afrique de l'Ouest sur leurs activités économiques
  [Impact of economic ope," MPRA Paper, University Library of Munich, Germany, number 79442.
• Psofogiorgos, Nikolaos - Alexandros & Metaxas, Theodore, 2017, "IMF, Democracy and Economic Development: Review and Critique," MPRA Paper, University Library of Munich, Germany, number 79403.
• Rohit Azad, 2017, "Plurality in Teaching Macroeconomics," Working Papers, New School for Social Research, Department of Economics, number 1719, May.

Report NEP-MAC-2017-06-04

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: