Report NEP-MAC-2017-11-05

This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra K Mallick issued this report. It is usually issued weekly.

Subscribe to this report: email, RSS, or Mastodon.

Other reports in NEP-MAC

The following items were announced in this report:

• Ragna Alstadheim & Ørjan Robstad & Nikka Husom Vonen, 2017. "Financial imbalances, crisis probability and monetary policy in Norway," Working Paper 2017/21, Norges Bank.
• Athanasios Orphanides, 2017. "The Fiscal-Monetary Policy Mix in the Euro Area: Challenges at the Zero Lower Bound," European Economy - Discussion Papers 060, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Benjamin Born & Johannes Pfeifer, 2017. "Uncertainty-driven Business Cycles: Assessing the Markup Channel," CESifo Working Paper Series 6303, CESifo.
• Andreas Neuhierl & Michael Weber & Michael Weber, 2017. "Monetary Momentum," CESifo Working Paper Series 6648, CESifo.
• Lancastre, Manuel, 2017. "Redistributive Tax Policy at the Zero Bound," MPRA Paper 82092, University Library of Munich, Germany.
• Eric McCoy & Ulrich Clemens, 2017. "A Calibration of the Shadow Rate to the Euro Area Using Genetic Algorithms," European Economy - Discussion Papers 051, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Michael Funke & Robert Kirkby & Petar Mihaylovski, 2017. "House Prices and Macroprudential Policy in an Estimated DSGE Model of New Zealand," CESifo Working Paper Series 6487, CESifo.
• Paulo Santos Monteiro, 2017. "External Imbalances and the Wage Curve: The Role of Labour and Product Market Regulation," European Economy - Discussion Papers 061, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Mark Gertler, 2017. "Rethinking the Power of Forward Guidance: Lessons from Japan," IMES Discussion Paper Series 17-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
• Lucas Hafemann & Peter Tillmann, 2017. "The Aggregate and Country-Specific Effectiveness of ECB Policy: Evidence from an External Instruments (VAR) Approach," European Economy - Discussion Papers 063, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Florian Urbschat & Sebastian Watzka, 2017. "Quantitative Easing in the Euro Area - An Event Study Approach," CESifo Working Paper Series 6709, CESifo.
• Cinzia Alcidi, 2017. "Fiscal Policy Stabilisation and the Financial Cycle in the Euro Area," European Economy - Discussion Papers 052, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Ruediger Bachmann & Christian Bayer & Christian Merkl & Stefan Seth & Heiko Stüber & Felix Wellschmied, 2017. "Worker Churn in the Cross Section and Over Time: New Evidence from Germany," CESifo Working Paper Series 6702, CESifo.
• Mario Pietrunti & Federico M. Signoretti, 2017. "Monetary policy in times of debt," Temi di discussione (Economic working papers) 1142, Bank of Italy, Economic Research and International Relations Area.
• Sam Olofin & Olusanya Olubusoye & Afees A. Salisu & Alarudeen Aminu & Uwatt B. Uwatt & Micheal A. Adebiyi, 2017. "Revision of the small macro-econometric model of the Nigerian economy," Working Papers 032, Centre for Econometric and Allied Research, University of Ibadan.
• Evžen Kocenda & Balázs Varga, 2017. "The Impact of Monetary Strategies on Inflation Persistence," CESifo Working Paper Series 6306, CESifo.
• Efrem Castelnuovo & Trung Duc Tran, 2017. "Google It Up! A Google Trends-based Uncertainty Index for the United States and Australia," CESifo Working Paper Series 6695, CESifo.
• Carsten A. Holz, 2017. "China's Investment Rate: Implications and Prospects," CESifo Working Paper Series 6496, CESifo.
• Simone Auer, 2017. "A Financial Conditions Index for the CEE economies," Temi di discussione (Economic working papers) 1145, Bank of Italy, Economic Research and International Relations Area.
• Margaria Abreu, 2017. "HOW Biased is the Behavior of the Individual Investor in Warrants?," Working Papers Department of Economics 2017/18, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
• Jasper de Winter & Siem Jan Koopman & Irma Hindrayanto & Anjali Chouhan, 2017. "Modeling the business and financial cycle in a multivariate structural time series model," DNB Working Papers 573, Netherlands Central Bank, Research Department.
• Matthias Kehrig & Nicolas L. Ziebarth, 2017. "The Effects of the Real Oil Price on Regional Wage Dispersion," CESifo Working Paper Series 6408, CESifo.
• Gustav A. Horn & Andrew Watt, 2017. "Wages and Nominal and Real Unit Labour Cost Differentials in EMU," European Economy - Discussion Papers 059, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Giovanni Caggiano & Efrem Castelnuovo & Gabriela Nodari, 2017. "Uncertainty and Monetary Policy in Good and Bad Times," CESifo Working Paper Series 6630, CESifo.
• Ambrose, Brent W. & Coulson, N. Edward & Yoshida, Jiro, 2017. "Inflation Rates Are Very Different When Housing Rents Are Accurately Measured," HIT-REFINED Working Paper Series 71, Institute of Economic Research, Hitotsubashi University.
• Krug, Sebastian, 2017. "The interaction between monetary and macroprudential policy: Should central banks "lean against the wind" to foster macro-financial stability?," Economics Discussion Papers 2017-85, Kiel Institute for the World Economy (IfW Kiel).
• António Afonso & Michael G. Arghyrou & María Dolores Gadea & Alexandros Kontonikas, 2017. ""Whatever it takes" to Resolve the European Sovereign Debt Crisis? Bond Pricing Regime Switches and Monetary Policy Effects," CESifo Working Paper Series 6691, CESifo.
• Enders, Zeno, 2017. "Heterogeneous consumers, segmented asset markets, and the real effects of monetary policy," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168227, Verein für Socialpolitik / German Economic Association.
• Carsten A. Holz, 2017. "The Chaning Patterns of Investment in the PRC Economy," CESifo Working Paper Series 6484, CESifo.
• Alessandro Barattieri & Matteo Cacciatore & Francesco Costamagna, 2017. "Trade Policy and Structural Reforms at the Zero Lower Bound: Lessons Learned and Suggestions for Europe," European Economy - Discussion Papers 053, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Jiranyakul, Komain, 2017. "How Does the Policy Rate Respond to Output and Prices in Thailand?," MPRA Paper 82050, University Library of Munich, Germany.
• Wu, Cheng, 2017. "Does Clower’s Dual-Decision Hypothesis lead to the change in saving conclusion in Keynes’s General Theory?," MPRA Paper 82120, University Library of Munich, Germany.
• Zafer Kanık, 2017. "Rescuing the Financial System: Capabilities, Incentives, and Optimal Interbank Networks," Working Papers 17-17, NET Institute.
• Alessandro Dovis & Rishabh Kirpalani, 2017. "Fiscal Rules, Bailouts, and Reputation in Federal Governments," NBER Working Papers 23942, National Bureau of Economic Research, Inc.
• Balamatsias, Pavlos, 2017. "Inequality, imperfect competition, and fiscal policy," MPRA Paper 82178, University Library of Munich, Germany.
• Luc Arrondel & Pierre Lamarche & Frédérique Savignac, 2017. "Does Inequality Matter for the Consumption-Wealth Channel? Empirical Evidence," CESifo Working Paper Series 6676, CESifo.
• Francesco D'Acunto & Ryan Liu & Carolin Pflueger & Michael Weber & Michael Weber, 2017. "Flexible Prices and Leverage," CESifo Working Paper Series 6317, CESifo.
• Sigurd Mølster Galaasen, 2017. "Pension reform disabled," Working Paper 2017/20, Norges Bank.
• Jean-Charles Bricongne & Lucia Granelli & Susanne Hoffmann, 2017. "Fiscal Measures and Corporate Investment in France," European Economy - Discussion Papers 068, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Aurélien Goutsmedt & Erich Pinzon-Fuchs & Matthieu Renault & Francesco Sergi, 2017. "Reacting to the Lucas Critique: The Keynesians' Pragmatic Replies," Documents de travail du Centre d'Economie de la Sorbonne 17042, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• García Martínez, José Ramón & Sorolla i Amat, Valeri, 2017. "When is there more employment, with individual or collective wage bargaining?," Economics Discussion Papers 2017-87, Kiel Institute for the World Economy (IfW Kiel).
• Carsten A. Holz & SUN Yue, 2017. "Physical Capital Estimates for China's Provinces, 1952-2015 and Beyond," CESifo Working Paper Series 6472, CESifo.
• Christiane Baumeister & Lutz Kilian, 2017. "Lower Oil Prices and the U.S. Economy: Is this Time Different?," CESifo Working Paper Series 6322, CESifo.
• Etoundi Atenga, Eric Martial, 2017. "On the Determinants of output Co-movements in the CEMAC Zone:Examining the Role of Trade, Policy Channel, Economic Structure and Common Factors," MPRA Paper 82091, University Library of Munich, Germany.
• Barnett, William & Su, Liting, 2017. "Financial Firm Production of Inside Monetary and Credit Card Services: An Aggregation Theoretic Approach," MPRA Paper 82061, University Library of Munich, Germany.
• Erik Roos Lindgreen & Milan van Schendel & Nicole Jonker & Jorieke Kloek & Lonneke de Graaff & Marc Davidson, 2017. "Valuating the environmental impact of debit card payments," DNB Working Papers 574, Netherlands Central Bank, Research Department.
• Kiyohiko G. Nishimura & Junko Ishikawa, 2017. "Understanding Macroeconomic Statistics: An "Ideal-Type" Economy Approach," CARF F-Series CARF-F-424, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
• Wensheng, Kang & Ratti, Ronald & Vespignani, Joaquin, 2017. "Impact of Global Uncertainty on the Global Economy and Large Developed and Developing Economies," MPRA Paper 82188, University Library of Munich, Germany.
• Jakob B Madsen, 2017. "Is inequality increasing in r-g? Piketty’s principle of capitalist economics and the dynamics of inequality in Britain, 1210-2013," CAMA Working Papers 2017-63, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Sven Steinkamp & Aaron Tornell & Frank Westermann, 2017. "The Euro Area's Common Pool Problem Revisited: Has the Single Supervisory Mechanism Ameliorated Forbearance and Evergreening," CESifo Working Paper Series 6670, CESifo.
• Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2017. "Wealth Inequality and Externalities from Ex Ante Skill Heterogeneity," CESifo Working Paper Series 6572, CESifo.
• Thorsten Beck & Steven Poelhekke, 2017. "Follow the Money: Does the Financial Sector Intermediate Natural Resource Windfalls?," CESifo Working Paper Series 6374, CESifo.
• Gartner, Hermann & Carbonero, Francesco, 2017. "Search Cost and Search Duration for New Hires," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168141, Verein für Socialpolitik / German Economic Association.
• Ricardo T. Fernholz & Kris James Mitchener & Marc Weidenmier, 2017. "Pulling up the Tarnished Anchor: The End of Silver as a Global Unit of Account," CESifo Working Paper Series 6436, CESifo.
• Alexander Bick & Nicola Fuchs-Schündeln, 2017. "Taxation and Labor Supply of Married Couples across Countries: A Macroeconomic Analysis," CESifo Working Paper Series 6325, CESifo.
• Matthias Kehrig & Nicolas Vincent, 2017. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Planet-Level Data," CESifo Working Paper Series 6401, CESifo.
• Donatella Baiardi & Paola Profeta & Riccardo Puglisi & Simona Scabrosetti, 2017. "Tax Policy and Economic Growth: Does It Really Matter?," CESifo Working Paper Series 6343, CESifo.
• Aurélien Goutsmedt, 2017. "Stagflation and the crossroad in macroeconomics: the struggle between structural and New Classical macroeconometrics," Documents de travail du Centre d'Economie de la Sorbonne 17043, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Guglielmo Maria Caporale & Hector Carcel & Luis A. Gil-Alana, 2017. "Central Bank Policy Rates: Are they Cointegrated?," CESifo Working Paper Series 6389, CESifo.
• Malte Rieth, 2017. "Capital Taxation and Government Debt Policy with Public Discounting," Discussion Papers of DIW Berlin 1697, DIW Berlin, German Institute for Economic Research.
• Alexandre B. Cunha & Emanuel Ornelas, 2017. "The Limits of Political Compromise: Debt Ceilings and Political Turnover," CESifo Working Paper Series 6429, CESifo.
• Loukas Karabarbounis & Gabriel Chodorow-Reich, 2017. "The Limited Macroeconomic Effects of Unemployment Benefit Extensions," 2017 Meeting Papers 834, Society for Economic Dynamics.
• Fabiano Schivardi & Enrico Sette & Guido Tabellini, 2017. "Credit Misallocation During the European Financial Crisis," CESifo Working Paper Series 6406, CESifo.
• László Jankovics & Monika Sherwood, 2017. "Independent Fiscal Institutions in the EU Member States: The Early Years," European Economy - Discussion Papers 067, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Qing, He & Korhonen, Iikka & Zongxin, Qian, 2017. "Monetary policy transmission with two exchange rates and a single currency : The Chinese experience," BOFIT Discussion Papers 14/2017, Bank of Finland, Institute for Economies in Transition.
• Daniela Marconi & Christian Upper, 2017. "Capital Misallocation and Financial Development: A Sector-Level Analysis," Temi di discussione (Economic working papers) 1143, Bank of Italy, Economic Research and International Relations Area.
• Jae Shim, 2016. "Financial Frictions in the Small Open Economy," Department of Economics Working Papers 50/16, University of Bath, Department of Economics.
• Torben M. Andersen & Joydeep Bhattacharya, 2017. "Why Mandate Young Borrowers to Contribute to their Retirement Accounts?," CESifo Working Paper Series 6577, CESifo.
• Mariacristina De Nardi & Svetlana Pashchenko & Ponpoje Porapakkarm, 2017. "The Lifetime Costs of Bad Health," Working Papers 2017-079, Human Capital and Economic Opportunity Working Group.
• Imran Shah & Diaz Vela Carlos & Yuan Wang, 2017. "Revisiting the Dynamics Effects of Oil Price Shocks on Small Developing Economies," Department of Economics Working Papers 65/17, University of Bath, Department of Economics.
• Keiichiro Kobayashi & Tomoyuki Nakajima, 2017. "A macroeconomic model of liquidity crises," CIGS Working Paper Series 17-010E, The Canon Institute for Global Studies.
• Yoshida, Jiro, 2017. "Stock Prices, Regional Housing Prices, and Aggregate Technology Shocks," HIT-REFINED Working Paper Series 72, Institute of Economic Research, Hitotsubashi University.
• Robert S. Kaplan, 2017. "Assessment of Current Economic Conditions and Implications for Monetary Policy, February 13, 2017," Speeches and Essays 168, Federal Reserve Bank of Dallas.
• Cosmin Ilut & Matthias Kehrig & Martin Schneider, 2017. "Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News," CESifo Working Paper Series 6414, CESifo.
• Grégory Claeys, 2017. "The missing pieces of the euro architecture," Policy Contributions 22566, Bruegel.
• EZZAHID, Elhadj & NIHOU, Abdelaziz, 2017. "Capital deepening and efficiency in Morocco," MPRA Paper 82143, University Library of Munich, Germany.
• Marc Giannoni & Domenico Giannone & Andrea Tambalotti & Marco Del Negro, 2017. "Safety, Liquidity, and the Natural Rate of Interest," 2017 Meeting Papers 803, Society for Economic Dynamics.
• Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2017. "Asymmetries in Earnings, Employment and Wage Risk in Great Britain," CESifo Working Paper Series 6400, CESifo.
• Schelkle, Thomas, 2017. "Measuring Factor Misallocation: General Methods and Evidence on the Great Recession," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168105, Verein für Socialpolitik / German Economic Association.
• Nazib, Nur Afiyah & Masih, Mansur, 2017. "The response of monetary policy shocks on Islamic bank deposits: evidence from Malaysia based on ARDL approach," MPRA Paper 82094, University Library of Munich, Germany.
• Matthias Kehrig & Nicolas Vincent, 2017. "Growing Productivity without Growing Wages: The Micro-Level Anatomy of the Aggregate Labor Share Decline," CESifo Working Paper Series 6454, CESifo.
• Steven Brakman & Charles van Marrewijk & Charles van Marrewijk, 2017. "Resilience, Supply Chains and the Great Recession," CESifo Working Paper Series 6505, CESifo.
• Machasio, Immaculate & Tillmann, Peter, 2017. "Remittance Inflows and State-Dependent Monetary Policy Transmission in Developing Countries," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168137, Verein für Socialpolitik / German Economic Association.
• Nika Lazaryan & Thomas A. Lubik, 2017. "Global Dynamics in a Search and Matching Model of the Labor Market," Working Paper 17-12, Federal Reserve Bank of Richmond.
• Schlegl, Matthias & Illing, Gerhard & Ono, Yoshiyasu, 2017. "Asset Prices and Leverage in a Model of Persistent Stagnation," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168174, Verein für Socialpolitik / German Economic Association.
• Marianne Andries & Valentin Haddad, 2017. "Information Aversion," NBER Working Papers 23958, National Bureau of Economic Research, Inc.
• Christoph Basten & Benjamin Guin & Cathérine Tahmee Koch, 2017. "How Do Banks and Households Manage Interest Rate Risk? Evidence from the Swiss Mortgage Market," CESifo Working Paper Series 6649, CESifo.
• Ko Nakayama & Shigenori Shiratsuka, 2017. "Monetary Policy: Lessons Learned and Challenges Ahead. Summary of the 2017 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan," IMES Discussion Paper Series 17-E-09, Institute for Monetary and Economic Studies, Bank of Japan.
• Hori, Masahiro & Niizeki, Takeshi, 2017. "Housing Wealth Effects in Japan: Evidence Based on Household Micro Data," HIT-REFINED Working Paper Series 69, Institute of Economic Research, Hitotsubashi University.