Report NEP-MAC-2017-12-03

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:

• Stijn Claessens & M. Ayhan Kose, 2017, "Asset Prices and Macroeconomic Outcomes: A Survey," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2017-76, Nov.
• Lopez, Jose Ignacio & Olivella, Virginia, 2016, "Financial Shocks, Intangible Capital and the Cyclical Behavior of Unemployment," HEC Research Papers Series, HEC Paris, number 1145, Mar.
• Sushant Acharya & Julien Bengui & Keshav Dogra & Shu Lin Wee, 2017, "Slow recoveries and unemployment traps: monetary policy in a time of hysteresis," Staff Reports, Federal Reserve Bank of New York, number 831, Nov.
• Burak Eroglu & Secil Yildirim-Karaman, 2017, "Responses Of Term Structure Of Interest Rates And Asset Prices To Monetary Policy Shocks: Evidence From Turkey," Working Papers, The Center for Financial Studies (CEFIS), Istanbul Bilgi University, number 1705, Nov.
• Matteo Cacciatore & Romain Duval & Giuseppe Fiori & Fabio Ghironi, 2017, "Market Reforms at the Zero Lower Bound," NBER Working Papers, National Bureau of Economic Research, Inc, number 23960, Oct.
• Stijn Claessens & M. Ayhan Kose, 2017, "Macroeconomic Implications of Financial Imperfections: A Survey," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2017-75, Nov.
• Renato Faccini & Eran Yashiv, 2017, "The Importance of Hiring Frictions in Business Cycles," Discussion Papers, Centre for Macroeconomics (CFM), number 1736, Nov.
• Peter Flaschel & Matthieu Charpe & Giorgos Galanis & Christian R. Proaño & Roberto Veneziani, 2017, "Macroeconomic and stock market interactions with endogenous aggregate sentiment dynamics," IMK Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 186-2017.
• Gauti B. Eggertsson & Vaishali Garga, 2017, "Sticky Prices Versus Sticky Information: Does it Matter for Policy Paradoxes?," NBER Working Papers, National Bureau of Economic Research, Inc, number 23961, Oct.
• Elias Minaya & Miguel Cabello, 2017, "Macroprudential Policies in Peru: The effects of Dynamic Provisioning and Conditional Reserve Requirements," BIS Working Papers, Bank for International Settlements, number 675, Nov.
• Stephane Auray & Aurelien Eyquem & Paul Gomme, 2017, "Debt Hangover in the Aftermath of the Great Recession," Working Papers, Concordia University, Department of Economics, number 17003, Nov.
• João Barata R B Barroso & Rodrigo Barbone Gonzalez & Bernardus F Nazar Van Doornik, 2017, "Credit supply responses to reserve requirement: loan-level evidence from macroprudential policy," BIS Working Papers, Bank for International Settlements, number 674, Nov.
• Thomas Obst & Özlem Onaran & Maria Nikolaidi, 2017, "The effect of income distribution and fiscal policy on growth, investment, and budget balance," FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 10-2017.
• Carlos Garriga & Aaron Hedlund, 2017, "Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession," Working Papers, Federal Reserve Bank of St. Louis, number 2017-30, Oct, DOI: 10.20955/wp.2017.030.
• Jenny Tang, 2017, "FOMC communication and interest rate sensitivity to news," Working Papers, Federal Reserve Bank of Boston, number 17-12, Oct.
• Item repec:grz:wpaper:2017-12 is not listed on IDEAS anymore

• Daniel E. Sichel & J. Christina Wang, 2017, "The equilibrium real policy rate through the lens of standard growth models," Current Policy Perspectives, Federal Reserve Bank of Boston, number 17-6, Nov.
• van Wijnbergen, Sweder & van der Kwaak, Christiaan, 2017, "Financial Fragility and the Keynesian Multiplier," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12394, Oct.
• Item repec:bof:bofrdp:2017_034 is not listed on IDEAS anymore

• Kacperczyk, Marcin & Perignon, Christophe & Vuillemey, Guillaume, 2017, "The Private Production of Safe Assets," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12395, Jun.
• Luigi Bocola & Guido Lorenzoni, 2017, "Financial Crises, Dollarization, and Lending of Last Resort in Open Economies," NBER Working Papers, National Bureau of Economic Research, Inc, number 23984, Nov.
• Saidi, Farzad & Giannetti, Mariassunta, 2017, "Shock Propagation and Banking Structure," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12423, Nov.
• Castelnuovo, Efrem & Duc Tran, Trung, 2017, "Google It Up! A Google Trends-based Uncertainty Index for the United States and Australia," MPRA Paper, University Library of Munich, Germany, number 82297.
• Hubert Kempf, 2017, "Fiscal Federalism in a Monetary Union: The Cooperation Pitfall," CESifo Working Paper Series, CESifo, number 6725.
• Benjamin W. Pugsley & Petr Sedlacek & Vincent Sterk, 2017, "The Nature of Firm Growth," Discussion Papers, Centre for Macroeconomics (CFM), number 1737, Nov.
• Uppal, Raman & Bhamra, Harjoat Singh, 2017, "Do Individual Behavioral Biases Affect Financial Markets and the Macroeconomy?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12415, Nov.
• Bernard Michael Gilroy & Julia Günthner, 2017, "The German Precariat and the Role of Fundamental Security - Is the Unconditional Basic Income a Possible Solution for the Growing Precarity in Germany?," Working Papers CIE, Paderborn University, CIE Center for International Economics, number 109, Nov.
• Michele Tettamanzi, 2017, "E Many Pluribus Unum: A Behavioural Macro-Economic Agent Based Model," DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE), number def062, Nov.
• Constantino Hevia & Juan Pablo Nicolini, 2017, "Monitoring Money for Price Stability," Working Papers, Federal Reserve Bank of Minneapolis, number 744, Nov, DOI: 10.21034/wp.744.
• Uppal, Raman & Bhamra, Harjoat Singh, 2017, "Does Household Finance Matter? Small Financial Errors with Large Social Costs," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12414, Nov.
• Diewert, W. Erwin & Fox, Kevin J., 2017, "The Difference Approach to Productivity Measurement and Exact Indicators," Microeconomics.ca working papers, Vancouver School of Economics, number erwin_diewert-2017-10, Nov, revised 24 Nov 2017.
• Kartik B. Athreya & Jose Mustre-del-Rio & Juan M. Sanchez, 2017, "The Persistence of Financial Distress," Working Paper, Federal Reserve Bank of Richmond, number 17-14, Nov.
• Kartik B. Athreya & Jose Mustre-del-Rio & Juan M. Sanchez, 2017, "The Persistence of Financial Distress," Working Papers, Federal Reserve Bank of St. Louis, number 2017-38, Nov, DOI: 10.20955/wp.2017.038.
• Quint, Dominic & Tristani, Oreste, 2017, "Liquidity provision as a monetary policy tool: the ECB’s non-standard measures after the financial crisis," Working Paper Series, European Central Bank, number 2113, Nov.
• Horacio A Aguirre & Gastón Repetto, 2017, "Capital and currency-based macroprudential policies: an evaluation using credit registry data," BIS Working Papers, Bank for International Settlements, number 672, Nov.
• Patrick Moran & Albert Queraltó, 2017, "Innovation, Productivity, and Monetary Policy," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1217, Nov, DOI: 10.17016/IFDP.2017.1217.
• Xavier Raurich & Thomas Seegmuller, 2017, "Income Distribution by Age Group and Productive Bubbles," AMSE Working Papers, Aix-Marseille School of Economics, France, number 1740, Oct.
• Max Hanisch, 2017, "US Monetary Policy and the Euro Area," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1701.
• Guglielmo Maria Caporale & Luis A. Gil-Alana, 2017, "Trends and Cycles in Macro Series: The Case of US Real GDP," CESifo Working Paper Series, CESifo, number 6728.
• Martín Uribe, 2017, "The Neo-Fisher Effect in the United States and Japan," NBER Working Papers, National Bureau of Economic Research, Inc, number 23977, Oct.
• Chella, Namapsa & Phiri, Andrew, 2017, "Long-run cointegration between foreign direct investment, direct investment and unemployment in South Africa," MPRA Paper, University Library of Munich, Germany, number 82371, Nov.
• Peter N. Ireland, 2017, "Allan Meltzer’s Model of the Transmission Mechanism and Its Implications for Today," Boston College Working Papers in Economics, Boston College Department of Economics, number 938, Nov.
• Emi Nakamura & Jón Steinsson, 2017, "Identification in Macroeconomics," NBER Working Papers, National Bureau of Economic Research, Inc, number 23968, Oct.
• Adriel Jost, 2017, "Is Monetary Policy Too Complex for the Public? Evidence from the UK," Working Papers, Swiss National Bank, number 2017-15.
• Anson, Mike & Bhola, David & Kang, Miao & Thomas, Ryland, 2017, "The Bank of England as lender of last resort: New historical evidence from daily transactional data," eabh Papers, The European Association for Banking and Financial History (EABH), number 17-03.
• Daniel O. Beltran & Deepa Dhume Datta & Thiago Revil T. Ferreira & Matteo Iacoviello & Mohammad Jahan-Parvar & Canlin Li & Juan M. Londono & Marius del Giudice Rodriguez & John H. Rogers & Bo Sun, 2017, "Taxonomy of Global Risk, Uncertainty, and Volatility Measures," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1216, Nov, DOI: 10.17016/IFDP.2017.1216.
• Emine Boz & Gita Gopinath & Mikkel Plagborg-Møller, 2017, "Global Trade and the Dollar," NBER Working Papers, National Bureau of Economic Research, Inc, number 23988, Nov.
• Raihan, Tasneem, 2017, "Performance of Markov-Switching GARCH Model Forecasting Inflation Uncertainty," MPRA Paper, University Library of Munich, Germany, number 82343, Oct.
• Michael Callaghan, 2017, "Is the market always right? Improving federal funds rate forecasts by adjusting for the term premium," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2017/08, Nov.
• Brandyn Bok & Daniele Caratelli & Domenico Giannone & Argia M. Sbordone & Andrea Tambalotti, 2017, "Macroeconomic nowcasting and forecasting with big data," Staff Reports, Federal Reserve Bank of New York, number 830, Nov.
• Augustyński, Iwo & Laskoś-Grabowski, Paweł, 2017, "Clustering Macroeconomic Time Series," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 171380.
• Lukasz A. Drozd & Sergey Kolbin & Jaromir B. Nosal, 2017, "Long-Run Trade Elasticity and the Trade-Comovement Puzzle," Working Papers, Federal Reserve Bank of Philadelphia, number 17-42, Nov.
• Yu Awaya & Hiroki Fukai & Makoto Watanabe, 2017, "A Model of Collateral," CESifo Working Paper Series, CESifo, number 6731.
• Grégory Claeys & Maria Demertzis, 2017, "How should the European Central Bank ‘normalise’ its monetary policy?," Bruegel Policy Contributions, Bruegel, number 22931, Nov.
• Item repec:imf:imfwpa:17/213 is not listed on IDEAS anymore

• Santiago Gamba & Oscar Jaulín & Angélica Lizarazo & Juan Carlos Mendoza & Paola Morales & Daniel Osorio & Eduardo Yanquen, 2017, "SYSMO I: A Systemic Stress Model for the Colombian Financial System," Borradores de Economia, Banco de la Republica de Colombia, number 1028, Nov, DOI: 10.32468/be.1028.
• Akinwande A. Atanda & Andrea K. Menclova & W. Robert Reed, 2017, "Is Health Care Infected by Baumol’s Cost Disease? Test of a New Model," Working Papers in Economics, University of Canterbury, Department of Economics and Finance, number 17/11, Nov.
• Item repec:imf:imfwpa:17/202 is not listed on IDEAS anymore

• João Barata R. B. Barroso & Rodrigo Barbone Gonzalez & Bernardus F. Nazar Van Doornik, 2017, "Credit Supply Responses to Reserve Requirement: loan-level evidence from macroprudential policy," Working Papers Series, Central Bank of Brazil, Research Department, number 467, Nov.
• Tarishi Matsuoka & Makoto Watanabe, 2017, "Banking Panics and Liquidity in a Monetary Economy," CESifo Working Paper Series, CESifo, number 6722.
• Domenico Giannone & Michele Lenza & Giorgio E. Primiceri, 2017, "Priors for the long run," Staff Reports, Federal Reserve Bank of New York, number 832, Nov.
• Item repec:imf:imfwpa:17/201 is not listed on IDEAS anymore

• Frédérique Bec & Raouf Boucekkine & Caroline Jardet, 2017, "Why Are Inflation Forecasts Sticky? Theory and Application to France and Germany," AMSE Working Papers, Aix-Marseille School of Economics, France, number 1744, Nov.
• Item repec:imf:imfwpa:17/196 is not listed on IDEAS anymore

• Fabiano Schivardi & Enrico Sette & Guido Tabellini, 2017, "Credit misallocation during the European financial crisis," BIS Working Papers, Bank for International Settlements, number 669, Nov.
• Carlos Garriga, 2017, "Optimal Fiscal Policy in Overlapping Generations Models," Working Papers, Federal Reserve Bank of St. Louis, number 2017-32, May, DOI: 10.20955/wp.2017.032.
• Gerhard Illing & Yoshiyasu Ono & Matthias Schlegl, 2016, "Credit Booms, Debt Overhang and Secular Stagnation," ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka, number 0988r, Dec, revised Nov 2017.
• Theologos Dergiades & Costas Milas & Theodore Panagiotidis, 2017, "An assessment of the inflation targeting experience," Bank of Estonia Working Papers, Bank of Estonia, number wp2017-11, Nov, revised 09 Nov 2017, DOI: 10.23656/25045520/112017/0150.
• Item repec:imf:imfwpa:17/215 is not listed on IDEAS anymore

• Verstegen, Loes, 2017, "On fiscal and monetary integration in Europe," Other publications TiSEM, Tilburg University, School of Economics and Management, number 49f73a6c-d32d-4dff-b5ec-4.
• Hadjinikolov, Dimitar, 2017, "Европейският Съюз Се Нуждае От По-Голяма Социална Устойчивост В Книгата “Интердисциплинарни Изследвания”, Издателски Комплекс На Унсс, С., 2017
  [The European Union needs more social sustainability,," MPRA Paper, University Library of Munich, Germany, number 81566, Jul.
• Yuriy Gorodnichenko & Byoungchan Lee, 2017, "A Note on Variance Decomposition with Local Projections," NBER Working Papers, National Bureau of Economic Research, Inc, number 23998, Nov.
• Matteo Crosignani & Miguel Faria-e-Castro & Luis Fonseca, 2017, "The (Unintended?) Consequences of the Largest Liquidity Injection Ever," Working Papers, Federal Reserve Bank of St. Louis, number 2017-039, Nov, DOI: 10.20955/wp.2017.039.
• Pedro Brinca & Miguel H. Ferreira & Francesco Franco & Hans A. Holter & Laurence Malafry, 2017, "Fiscal consolidation programs and income inequality," Nova SBE Working Paper Series, Universidade Nova de Lisboa, Nova School of Business and Economics, number wp617.
• Sergio Salas & Javier Núñez, 2017, "Signaling in monetary policy near the zero lower bound," Working Papers, Escuela de Negocios y Economía, Pontificia Universidad Católica de Valparaíso, number 2017-02, Nov.
• David Haab & Thomas Nitschka, 2017, "Predicting returns on asset markets of a small, open economy and the influence of global risks," Working Papers, Swiss National Bank, number 2017-14.
• Jessica Foo & Lek-Heng Lim & Ken Sze-Wai Wong, 2017, "Macroeconomics and FinTech: Uncovering Latent Macroeconomic Effects on Peer-to-Peer Lending," Papers, arXiv.org, number 1710.11283, Oct.
• Feld, Lars P. & Köhler, Ekkehard A. & Nientiedt, Daniel, 2017, "The "dark ages" of German macroeconomics and other alleged shortfalls in German economic thought," Freiburg Discussion Papers on Constitutional Economics, Walter Eucken Institut e.V., number 17/03.
• Pablo Duarte & Gunther Schnabl, 2017, "Monetary Policy, Inequality and Political Instability," CESifo Working Paper Series, CESifo, number 6734.
• Abbas, Malaika, 2016, "The Direct and Indirect Costs of Power Outages to Small Scale Manufacturing Industries of Punjab," MPRA Paper, University Library of Munich, Germany, number 81264, Oct.
• Ojo, Marianne, 2017, "Diamonds and “the Golden Flute”: from the Golden Age of prodigies and geniuses to the Knowledge Based Digital Economy," MPRA Paper, University Library of Munich, Germany, number 82217, Nov.
• Item repec:imf:imfwpa:17/207 is not listed on IDEAS anymore

• Nwanne, Nkem, 2017, "An Examination of the Neutrality of US Money Supply on the Nigerian Economy," MPRA Paper, University Library of Munich, Germany, number 82227, Oct.
• Michael Elsby & Ryan Michaels & David Ratner, 2017, "The Aggregate Effects of Labor Market Frictions," Working Papers, Federal Reserve Bank of Philadelphia, number 17-40, Nov.
• Item repec:imf:imfwpa:17/217 is not listed on IDEAS anymore

• Margherita Borella & Mariacristina De Nardi & Fang Yang, 2017, "The Effects of Marriage-Related Taxes and Social Security Benefits," NBER Working Papers, National Bureau of Economic Research, Inc, number 23972, Oct.
• Arvind Krishnamurthy & Stefan Nagel & Annette Vissing-Jorgensen, 2017, "ECB Policies Involving Government Bond Purchases: Impact and Channels," NBER Working Papers, National Bureau of Economic Research, Inc, number 23985, Nov.
• Robert S. Kaplan, 2017, "Assessment of Current Economic Conditions and Implications for Monetary Policy, May 22, 2017," Speeches and Essays, Federal Reserve Bank of Dallas, number 169, May.
• Item repec:imf:imfwpa:17/184 is not listed on IDEAS anymore

• Sungki Hong, 2017, "Markup Cyclicality: A Tale of Two Models," Working Papers, Federal Reserve Bank of St. Louis, number 2017-34, Sep, DOI: 10.20955/wp.2017.034.
• Item repec:imf:imfwpa:17/211 is not listed on IDEAS anymore

• Thomas H. McInish & Christopher J. Neely & Jade Planchon, 2017, "Unconventional monetary policy and the behavior of shorts," Working Papers, Federal Reserve Bank of St. Louis, number 2017-031, Oct, revised 30 Sep 2021, DOI: 10.20955/wp.2017.031.
• David Cuberes & Marc Teignier, 2017, "How Costly Are Labor Gender Gaps? Estimates by Age Group for the Balkans and Turkey," Working Papers, Xarxa de Referència en Economia Aplicada (XREAP), number XREAP2017-10, Nov, revised Nov 2017.
• Alexander Guschanski & Engelbert Stockhammer, 2017, "Are current accounts driven by competitiveness or asset prices? A synthetic model and an empirical test," Working Papers, Post Keynesian Economics Society (PKES), number PKWP1716, Nov.
• Ogura, Yoshiaki, 2017, "Investment Distortion by Collateral Requirement: Evidence from Japanese SMEs," HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University, number 73, Nov.
• James B. Bullard, 2017, "When Will U.S. Inflation Return to Target? : a presentation at Economic Update Breakfast, Louisville, Ky. November 14, 2017," Speech, Federal Reserve Bank of St. Louis, number 294, Nov.
• Mariacristina De Nardi & Svetlana Pashchenko & Ponpoje Porapakkarm, 2017, "The Lifetime Costs of Bad Health," NBER Working Papers, National Bureau of Economic Research, Inc, number 23963, Oct.
• Duernecker, Georg & Herrendorf, Berthold, 2017, "On the Allocation of Time - A Quantitative Analysis of the Roles of Taxes and Productivities," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12393, Oct.
• Benjamin Born & Gernot J. Müller & Moritz Schularick & Petr Sedlacek, 2017, "The Economic Consequences of the Brexit Vote," Discussion Papers, Centre for Macroeconomics (CFM), number 1738, Nov.
• Calisto Guambe & Rodwell Kufakunesu, 2017, "Optimal investment-consumption and life insurance selection problem under inflation. A BSDE approach," Papers, arXiv.org, number 1711.01760, Nov.
• Julius Frieling & Reinhard Madlener, 2017, "The Turning Tide: How Energy has Driven the Transformation of the British Economy Since the Industrial Revolution," FCN Working Papers, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), number 7/2017, Jun.
• Matthew Jaremski & David C. Wheelock, 2017, "Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock," Working Papers, Federal Reserve Bank of St. Louis, number 2017-36, Nov, DOI: 10.20955/wp.2017.036.
• Muhammad Kabir Salihu & Andrea Guariso, 2017, "Rainfall inequality, trust and civil conflict in Nigeria," Working Papers, Lancaster University Management School, Economics Department, number 205618510.
• Michael Jetter & Saskia Mösle & David Stadelmann, 2017, "Landlockedness and Economic Development: Analyzing Subnational Panel Data and Exploring Mechanisms," CESifo Working Paper Series, CESifo, number 6733.

Report NEP-MAC-2017-12-03

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: