Report NEP-MAC-2017-12-11

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:

• Marco Bernardini & Selien De Schryder & Gert Peersman, 2017, "Heterogeneous Government Spending Multipliers In The Era Surrounding The Great Recession," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 17/941, Apr.
• Stijn Claessens & M. Ayhan Kose, 2017, "Asset Prices and Macroeconomic Outcomes: A Survey," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 1718, Nov.
• Stijn Claessens & M Ayhan Kose, 2017, "Asset prices and macroeconomic outcomes: a survey," BIS Working Papers, Bank for International Settlements, number 676, Nov.
• Stijn Claessens & M Ayhan Kose, 2017, "Macroeconomic implications of financial imperfections: a survey," BIS Working Papers, Bank for International Settlements, number 677, Nov.
• Victor Pontines & Reza Y. Siregar, 2017, "Non-core Liabilities and Monetary Policy Transmission in Indonesia during the Post-2007 Global Financial Crisis," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2017-78, Dec.
• Qazi Haque, 2017, "Monetary Policy, Inflation Target and the Great Moderation: An Empirical Investigation," School of Economics and Public Policy Working Papers, University of Adelaide, School of Economics and Public Policy, number 2017-13, Nov.
• Aleksandar Vasilev, 2017, "A Real-Business-Cycle model with reciprocity in labor relations and a government sector," EERI Research Paper Series, Economics and Econometrics Research Institute (EERI), Brussels, number EERI RP 2017/09, Nov.
• Wix, Carlo, 2017, "The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 189, DOI: 10.2139/ssrn.3075810.
• Camelia Minoiu & Irina Mihai & José-Luis Peydró & Mircea Epure, 2017, "Global Financial Cycle, Household Credit, and Macroprudential Policies," Working Papers, Barcelona School of Economics, number 1006, Dec.
• Edward Nelson, 2017, "The Continuing Validity of Monetary Policy Autonomy Under Floating Exchange Rates," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2017-112, Nov, DOI: 10.17016/FEDS.2017.112.
• Hamza Bennani & Tobias Kranz & Matthias Neuenkirch, 2017, "Disagreement Between the FOMC and the Fed's Staff: New Insights Based on a Counterfactual Interest Rate," Research Papers in Economics, University of Trier, Department of Economics, number 2017-10.
• Efraín Araxue Ramírez & Nicol�s Mart�nez Pati�o, 2017, "El costo de uso del capital y la inversión en Colombia 2001-2016," Econógrafos, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 15850, Nov.
• Luigi Bonatti, 2016, "Anemic economic growth in advanced economies: structural factors and the impotence of expansionary macroeconomic policies," DEM Working Papers, Department of Economics and Management, number 2016/11.
• Boris Hofmann & Gert Peersman, 2017, "Monetary Policy Transmission And Trade-Offs In The United States: Old And New," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 17/940, Oct.
• António Afonso & João Jalles, 2017, "Do Fiscal Rules Lower Government Financing Costs?," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2017/15, Nov.
• Xing, Victor, 2017, "Non-bank Financial Institutions at the Ground Zero of Next Crisis," MPRA Paper, University Library of Munich, Germany, number 83077, Nov.
• Item repec:imf:imfscr:17/327 is not listed on IDEAS anymore

• Narayana R. Kocherlakota, 2017, "The L-Shaped Phillips Curve: Theoretical Justification and Empirical Implications," NBER Working Papers, National Bureau of Economic Research, Inc, number 24086, Nov.
• Simon Mongey, 2017, "Market Structure and Monetary Non-neutrality," Staff Report, Federal Reserve Bank of Minneapolis, number 558, Oct, DOI: 10.21034/sr.558.
• Clemens C. Struck, 2017, "On the Interaction of Growth, Trade and International Macroeconomics," Working Papers, School of Economics, University College Dublin, number 201724, Nov.
• Walter Engert & Ben Fung, 2017, "Central Bank Digital Currency: Motivations and Implications," Discussion Papers, Bank of Canada, number 17-16, DOI: 10.34989/sdp-2017-16.
• Eda Gülşen & Erdal Özmen, 2017, "Monetary Policy Trilemma, Inflation Targeting And Global Financial Crisis," ERC Working Papers, ERC - Economic Research Center, Middle East Technical University, number 1714, Nov, revised Nov 2017.
• Cars Hommes & Robert Calvert Jump & Paul Levine, 2017, "Internal Rationality, Heterogeneity, and Complexity in the New Keynesian Model," School of Economics Discussion Papers, School of Economics, University of Surrey, number 0917, Nov.
• Elena Mattana & Ettore Panetti, 2017, "The Welfare Costs of Self-Fulfilling Bank Runs," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2017/17, Nov.
• Malagón González, Jonathan, 2017, "Four essays on central banking in Latin America under balance of payments dominance," Other publications TiSEM, Tilburg University, School of Economics and Management, number fefd7d80-acd4-4abb-b152-7.
• Item repec:imf:imfscr:17/262 is not listed on IDEAS anymore

• Neda Popovska – Kamnar, 2017, "Monetary policy communication: Evidence from Survey Data," Working Papers, National Bank of the Republic of North Macedonia, number 2017-07.
• Blesse, Sebastian & Boyer, Pierre C. & Heinemann, Friedrich & Janeba, Eckhard & Raj, Anasuya, 2019, "European Monetary Union reform preferences of French and German parliamentarians," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 17-059, revised 2019.
• Williams, Ronald, 2017, "Perfect Public Offering: A Process to Provide Perfect Ownership of Businesses to the Entire Public," MPRA Paper, University Library of Munich, Germany, number 83056, Sep, revised 01 Dec 2017.
• Item repec:iee:wpaper:wp110 is not listed on IDEAS anymore

• Aviral Kumar Tiwari & Juncal Cunado & Rangan Gupta & Mark E. Wohar, 2017, "Volatility Spillovers across Global Asset Classes: Evidence from Time and Frequency Domains," Working Papers, University of Pretoria, Department of Economics, number 201780, Dec.
• Brinca, Pedro & Ferreira, Miguel & Franco, Francesco & Holter, Hans & Malafry, Laurence, 2017, "Fiscal Consolidation Programs and Income Inequality," Research Papers in Economics, Stockholm University, Department of Economics, number 2017:8, Nov.
• Anmol Bhandari & Ellen R. McGrattan, 2017, "Sweat Equity in U.S. Private Business," Staff Report, Federal Reserve Bank of Minneapolis, number 560, Nov, DOI: 10.21034/sr.560.
• Item repec:bof:bofrdp:2017_035 is not listed on IDEAS anymore

• M Hashem Pesaran & Ron P Smith, 2017, "Tests of Policy Interventions in DSGE Models," BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics, number 1706, Oct.
• Kyungmin Kim, 2017, "Identification of Monetary Policy Shocks with External Instrument SVAR," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2017-113, Nov, DOI: 10.17016/FEDS.2017.113.
• Ko Miura & Masato Higashi, 2017, "The Recent Increase in Dual-Income Households and Its Impact on Consumption Expenditure," Bank of Japan Review Series, Bank of Japan, number 17-E-7, Nov.
• Item repec:imf:imfscr:17/314 is not listed on IDEAS anymore

• Carlo Cristiano & Paolo Paesani, 2017, "Price Stability and the Origins and Early Impact of the Phillips Curve: Contextual Analysis and New Evidence from the British Archives," STOREPapers, Associazione Italiana per la Storia dell'Economia Politica - StorEP, number 2_2017, Sep.
• Matteo Fragetta & Roberto Tamborini, 2017, "It’s not austerity. Or is it? Assessing the effect of austerity on growth in Europe, 2010-15," DEM Working Papers, Department of Economics and Management, number 2017/10.
• Pasche, Markus, 2017, "ESBies as a Basis for a TARGET2 Settlement Mechanism," MPRA Paper, University Library of Munich, Germany, number 83012, Nov.
• Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani, 2017, "Trend Inflation and Evolving Inflation Dynamics: A Bayesian GMM Analysis of the Generalized New Keynesian Phillips Curve," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 17-E-10, Nov.
• Zouhair Aït Benhamou, 2017, "Microfoundations of the New Keynesian Phillips Curve in an Open Emerging Economy," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2017-49.
• Alexander Murray, 2017, "What Explains the Post-2004 U.S.Productivity Slowdown?," CSLS Research Reports, Centre for the Study of Living Standards, number 2017-05, Aug.
• Item repec:imf:imfscr:17/274 is not listed on IDEAS anymore

• Fuad Mammadov & Adigozalov Shaig, 2017, "Are fiscal rules helpful in mitigating the impact of oil market fluctuations?," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 22-2017, Nov.
• Frédérique Bec & Raouf Boucekkine & Caroline Jardet, 2017, "Why are inflation forecasts sticky? Theory and application to France and Germany," Working papers, Banque de France, number 650.
• Marco Bassetto & Wei Cui, 2017, "The Fiscal Theory of the Price Level in a World of Low Interest Rates," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2017-25, Nov.
• Heyman, Fredrik & Norbäck, Pehr-Johan & Persson, Lars, 2017, "Who Creates Jobs and Who Creates Productivity? Small versus Large versus Young versus Old," Working Paper Series, Research Institute of Industrial Economics, number 1189, Nov.
• Wiliiam Arrata & Benoit Nguyen & Imene Rahmouni-Rousseau & Miklos Vari, 2017, "Eurosystem s asset purchases and money market rates," Working papers, Banque de France, number 652.
• Gabriel Mathy & Herman O. Stekler, 2017, "Was the Deflation of the Depression Anticipated? An Inference Using Real-time Data," Working Papers, The George Washington University, The Center for Economic Research, number 2017-004, Dec.
• FitzGerald, John & Kenny, Seán, 2017, "'Till Debt Do Us Part': Financial Implications of the Divorce of the Irish Free State from the UK, 1922-6," Lund Papers in Economic History, Lund University, Department of Economic History, number 166, Dec.
• Shahed Khan & Alok Johri & Cesar Sosa-Padilla, 2017, "Interest Rate Uncertainty and Sovereign Default Risk," 2017 Meeting Papers, Society for Economic Dynamics, number 1192.
• Item repec:imf:imfscr:17/254 is not listed on IDEAS anymore

• Biondo, Alessio Emanuele, 2017, "Learning to forecast, risk aversion, and microstructural aspects of financial stability," Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel), number 2017-104.
• John Fitzgerald & Se n Kenny, 2017, "Till Debt Do Us Part :Financial Implications of the Divorce of the Irish Free State from the UK, 1922-6," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep2117, Nov.
• Item repec:imf:imfscr:17/292 is not listed on IDEAS anymore

• Don Drummond, Andrew Sharpe, Alexander Murray and Nicolas Mask, 2017, "The Contribution of Aboriginal People To Future Labour Force Growth In Canada," CSLS Research Reports, Centre for the Study of Living Standards, number 2017-07, Oct.
• Martha López, 2017, "Economic Sectors and the Risk-taking Channel of Monetary Policy," Borradores de Economia, Banco de la Republica de Colombia, number 1029, Nov, DOI: 10.32468/be.1029.
• Item repec:imf:imfscr:17/264 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/324 is not listed on IDEAS anymore

• Daniela Marconi & Christian Upper, 2017, "Capital misallocation and financial development: A sector-level analysis," BIS Working Papers, Bank for International Settlements, number 671, Nov.
• Item repec:imf:imfscr:17/263 is not listed on IDEAS anymore

• Magdalena Petrovska & Gani Ramadani & Nikola Naumovski & Biljana Jovanovic, 2017, "Forecasting Macedonian Inflation: Evaluation of different models for short-term forecasting," Working Papers, National Bank of the Republic of North Macedonia, number 2017-06.
• Junjie Guo & Juan Carlos Escanciano & Jinho Choi, 2017, "Identification and Generalized Band Spectrum Estimation of the New Keynesian Phillips Curve," CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington, number 2017-014, Nov.
• Donadelli, Michael & Grüning, Patrick & Jüppner, Marcus & Kizys, Renatas, 2017, "Global temperature, R&D expenditure, and growth," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 188, DOI: 10.2139/ssrn.3075229.
• Item repec:imf:imfscr:17/316 is not listed on IDEAS anymore

• Vadym Volosovych & Carolina Villegas Sanchez & Bent Sorensen & Sebnem Kalemli-Ozcan, 2017, "Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects," 2017 Meeting Papers, Society for Economic Dynamics, number 1194.
• Lea Gimenez & María Ana Lugo & Sandra Martinez & Humberto Colman & Juan Jose Galeano & Gabriela Farfan, 2017, "Paraguay: Analisis del sistema fiscal y su impacto en la pobreza y la equidad," Commitment to Equity (CEQ) Working Paper Series, Tulane University, Department of Economics, number 74, Oct.
• Item repec:imf:imfscr:17/276 is not listed on IDEAS anymore

• Afees A. Salisu & Kazeem Isah, 2017, "A Capital Flight-Growth Nexus in Sub-Saharan Africa: The Role of Macroeconomic Uncertainty," Working Papers, Centre for Econometric and Allied Research, University of Ibadan, number 034, Nov.
• James Uguccioni, Andrew Sharpe and Richard Beard, 2017, "The Human Development Index In Canada: Ranking the Provinces and Territories Internationally, 2000-2015: An Update," CSLS Research Reports, Centre for the Study of Living Standards, number 2017-06, Aug.
• Brand, Thomas & Isoré, Marlène & Tripier, Fabien, 2017, "Uncertainty Shocks and Firm Dynamics: Search and Monitoring in the Credit Market," CEPREMAP Working Papers (Docweb), CEPREMAP, number 1707, Dec.
• Bulent Guler & Yavuz Arslan & Temel Taskin, 2016, "Price Search, Consumption Inequality, and Expenditure Inequality over the Life Cycle," CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington, number 2017-015, Sep.
• Weijie Luo, 2017, "Inequality and Growth in the 21st Century," Discussion Papers, Department of Economics, University of York, number 17/18, Dec.
• Prettner, Klaus & Strulik, Holger, 2017, "The lost race against the machine: Automation, education, and inequality in an R&D-based growth model," University of Göttingen Working Papers in Economics, University of Goettingen, Department of Economics, number 329.
• Heng Chen & Kim Huynh & Oz Shy, 2017, "Cash Versus Card: Payment Discontinuities and the Burden of Holding Coins," Staff Working Papers, Bank of Canada, number 17-47, DOI: 10.34989/swp-2017-47.
• Ho, Sin-Yu & Odhiambo, Nicholas, 2017, "The macroeconomic drivers of stock market development: Evidence from Hong Kong," Working Papers, University of South Africa, Department of Economics, number 23438, Nov.
• Item repec:imf:imfscr:17/253 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/280 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/322 is not listed on IDEAS anymore

• Bardt, Hubertus & Beznoska, Martin & Engels, Barbara & Geis, Wido & Henger, Ralph & Hentze, Tobias & Klös, Hans-Peter & Kochskämper, Susanna & Matthes, Jürgen & Pimpertz, Jochen & Plünnecke, Axel & Pu, 2017, ""Jamaika": Analyse und Bewertung der programmatischen Schnittmengen der möglichen neuen Bundesregierung," IW policy papers, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 20/2017.
• Eleonora Sanfilippo, 2017, "Keynes’s Trading on Wall Street: Did He Follow the Same Behavior When Investing for Himself and for King’s?," STOREPapers, Associazione Italiana per la Storia dell'Economia Politica - StorEP, number 4_2017, Nov.
• Item repec:imf:imfscr:17/286 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/297 is not listed on IDEAS anymore

• António Afonso & João Jalles, 2017, "Fiscal Reaction Functions Across the World: A Battle of Statistical (In-) Significance," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2017/16, Nov.
• Richard Beard, 2017, "The Inclusion Of Natural Resource Wealth In The Index Of Economic Well-Being: Results For OECD Countries, 1980-2013," CSLS Research Reports, Centre for the Study of Living Standards, number 2017-04, Jul.
• Item repec:imf:imfscr:17/325 is not listed on IDEAS anymore

• Paul J.J. Welfens, 2017, "Techno-Globalisierung, Leitmärkte und Strukturwandel in wirtschaftspolitischer Sicht," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei236, Aug.
• Item repec:imf:imfscr:17/270 is not listed on IDEAS anymore

• Brantly Callaway, 2017, "Job Displacement during the Great Recession: Tight Bounds on Distributional Treatment Effect Parameters using Panel Data," DETU Working Papers, Department of Economics, Temple University, number 1703, Aug.
• Gros, Daniel, 2017, "One Market, One Money – A Mistaken Argument (post factum)?," CEPS Papers, Centre for European Policy Studies, number 12245, Feb.
• Heeringa, Willem, 2017, "Essays on pay-as-you-go pension schemes, demographics, fiscal policy, credit rationing and house prices," Other publications TiSEM, Tilburg University, School of Economics and Management, number da6000ea-c220-46e6-a78d-3.
• Warwick McKibbin & Adele Morris & Augustus J. Panton & Peter J. Wilcoxen, 2017, "Climate Change and Monetary Policy: Dealing with Disruption," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2017-77, Dec.
• Ho, Sin-Yu & Odhiambo, Nicholas, 2017, "Analysing the macroeconomic drivers of stock Market development in the Philippines," Working Papers, University of South Africa, Department of Economics, number 23439, Nov.
• Ströbel, Johannes & Kuchler, Theresa & Dávila, Eduardo & Bailey, Michael, 2017, "House Price Beliefs And Mortgage Leverage Choice," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12476, Dec.
• Luis Carlos Jemio & Lykke E. Andersen & Agnes Medinaceli, 2017, "Bolivia’s Green National Accounts through a Commodity Super Cycle," Development Research Working Paper Series, Institute for Advanced Development Studies, number 05/2017, Oct.
• Item repec:imf:imfscr:17/265 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/267 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/256 is not listed on IDEAS anymore

• Hjalmarsson, Erik & Österholm, Pär, 2017, "Households’ Mortgage-Rate Expectations: More Realistic than at First Glance?," Working Papers, Örebro University, School of Business, number 2017:9, Dec.
• Paul J.J. Welfens, 2017, "The True Cost of BREXIT for the UK: A Research Note," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei234, Nov.
• Enrique Llopis & Elvira Alonso & Paloma Fontanillo & Belén Hípola & Sara Méndez & Javier Ramos, 2017, "Welfare Levels of the Rural Population in Murcia, 1769-1895. Mortality and Demographic and Economic Instability," Documentos de Trabajo (DT-AEHE), Asociación Española de Historia Económica, number 1708, Dec.
• Alexey Ponomarenko & Anna Rozhkova & Sergei Seleznev, 2017, "Macro-financial linkages: the role of liquidity dependence," Bank of Russia Working Paper Series, Bank of Russia, number wps24, Dec.
• Gene Amromin & Mariacristina De Nardi & Karl Schulze, 2017, "Household Inequality and the Consumption Response to Aggregate Real Shocks," NBER Working Papers, National Bureau of Economic Research, Inc, number 24073, Nov.
• Bruno Pellegrino & Luigi Zingales, 2017, "Diagnosing the Italian Disease," NBER Working Papers, National Bureau of Economic Research, Inc, number 23964, Oct.

Report NEP-MAC-2017-12-11

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: