Report NEP-MAC-2018-01-08

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:

• Adiya Belgibayeva & Michal Horvath, 2017, "Real Rigidities and Optimal Stabilization at the Zero Lower Bound in New Keynesian Economies," Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics, number 1701, Feb.
• Marcel Fratzscher & Christoph Grosse Steffen & Malte Rieth, 2017, "Inflation Targeting as a Shock Absorber," Working papers, Banque de France, number 655.
• Yoshiyasu Ono, 2017, "Country Size, Specialization Patterns and Secular Demand Stagnation," CESifo Working Paper Series, CESifo, number 6752.
• Valerio Nispi Landi, 2017, "Capital controls, macroprudential measures and monetary policy interactions in an emerging economy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1154, Dec.
• Drobyshevsky Sergey & Bozhechkova Alexandra & Trunin Pavel & Sinelnikova-Muryleva Elena, 2017, "The Effect of Interest Rates on Economic Growth," Working Papers, Gaidar Institute for Economic Policy, number wpaper-2017-300, revised 2017.
• Jan Klingelhöfer & Rongrong Sun, 2017, "Macroprudential Policy, Central Banks and Financial Stability: Evidence from China," CFDS Discussion Paper Series, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China, number 2017/4, Dec.
• Mario DI SERIO & Matteo FRAGETTA & Emanuel GASTEIGER, 2017, "The Government Spending Multiplier at the Zero Lower Bound: Evidence from the United States," CELPE Discussion Papers, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy, number 150, Dec.
• Mark Gertler & Nobuhiro Kiyotaki & Andrea Prestipino, 2017, "A Macroeconomic Model with Financial Panics," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1219, Dec, DOI: 10.17016/IFDP.2017.1219.
• Mna, Ali & Younsi, Moheddine, 2017, "The Credit Channel Transmission of Monetary Policy in Tunisia," MPRA Paper, University Library of Munich, Germany, number 83519, Dec.
• Lorenzo Burlon & Alberto Locarno & Alessandro Notarpietro & Massimiliano Pisani, 2017, "Public investment and monetary policy stance in the euro area," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1150, Dec.
• Banerjee, Shesadri & Bhattacharya, Rudrani, 2017, "Micro-level Price Setting Behaviour in India: Evidence from Group and Sub-Group Level CPI-IW Data," Working Papers, National Institute of Public Finance and Policy, number 17/217, Dec.
• Machava, Agostinho, 2017, "The Macroeconomic Determinants of the Pass-Through from the Market Interest Rate to the Bank Lending Rate in Mozambique," Umeå Economic Studies, Umeå University, Department of Economics, number 954, Dec.
• Napoletano, Mauro & Roventini, Andrea & Gaffard, Jean Luc, 2017, "Time-varying fiscal multipliers in an agent-based model with credit rationing," Economics Discussion Papers, Kiel Institute for the World Economy, number 2017-112.
• Pietro Cova & Patrizio Pagano & Alessandro Notarpietro & Massimiliano Pisani, 2017, "Secular stagnation, R&D, public investment and monetary policy: a global-model perspective," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1156, Dec.
• Michal Bencik, 2017, "Do Fiscal Multipliers Vary with Different Character of Monetary-Fiscal Interactions?," Working and Discussion Papers, Research Department, National Bank of Slovakia, number WP 11/2017, Dec.
• Diebold, Francis X. & Schorfheide, Frank & Shin, Minchul, 2017, "Real-time forecast evaluation of DSGE models with stochastic volatility," CFS Working Paper Series, Center for Financial Studies (CFS), number 577.
• Dany-Knedlik, Geraldine & Holtemöller, Oliver, 2017, "Inflation dynamics during the financial crisis in Europe: Cross-sectional identification of long-run inflation expectations," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 10/2017.
• Bauer, Anja & Lochner, Benjamin, 2017, "History dependence in wages and cyclical selection: Evidence from Germany," FAU Discussion Papers in Economics, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics, number 23/2017.
• Nikita Céspedes Reynaga, 2017, "La demanda de crédito a nivel de personas: RCC conoce a ENAHO," Working Papers, Peruvian Economic Association, number 107, Dec.
• Tom D. Holden & Paul Levine & Jonathan Swarbrick, 2017, "Credit Crunches from Occasionally Binding Bank Borrowing Constraints," Staff Working Papers, Bank of Canada, number 17-57, DOI: 10.34989/swp-2017-57.
• Quint, Dominic & Tristani, Oreste, 2017, "Liquidity provision as a monetary policy tool: The ECB's non-standard measures after the financial crisis," Discussion Papers, Deutsche Bundesbank, number 36/2017.
• Alfred Duncan & Charles Nolan, 2017, "Financial Frictions in Macroeconomic Models," Studies in Economics, School of Economics, University of Kent, number 1719, Dec.
• Julien Matheron & Philippe Andrade & Hervé Le Bihan & Jordi Galí, 2017, "The Optimal Inflation Target and the Natural Rate of Interest," Working Papers, Barcelona School of Economics, number 1009, Dec.
• Henning Hesse & Boris Hofmann & James Weber, 2017, "The macroeconomic effects of asset purchases revisited," BIS Working Papers, Bank for International Settlements, number 680, Dec.
• Marcin Bielecki, 2017, "Long shadows of financial shocks: an endogenous growth perspective," Working Papers, Faculty of Economic Sciences, University of Warsaw, number 2017-22.
• Krzysztof Makarski & Joanna Tyrowicz & Marcin Bielecki, 2017, "Inequality in an OLG economy with heterogeneous cohorts and pension systems," GRAPE Working Papers, GRAPE Group for Research in Applied Economics, number 21.
• Elisa Palagi & Mauro Napoletano & Andrea Roventini & Jean-Luc Gaffard, 2017, "Inequality, Redistributive Policies and Multiplier Dynamics in an Agent-Based Model with Credit Rationing," GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, number 2017-39, Dec.
• Coenen, Günter & Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Nakov, Anton & Nardelli, Stefano & Persson, Eric & Strasser, Georg H., 2017, "Communication of monetary policy in unconventional times," CFS Working Paper Series, Center for Financial Studies (CFS), number 578.
• Jean-Alexandre Vaglio & Dorian Henricot & Juraj Falath & Marc de la Barrera, 2017, "The Impact of Forward Guidance on Inflation Expectations: Evidence from the ECB," Working Papers, Barcelona School of Economics, number 1010, Dec.
• Alessio Anzuini & Luca Rossi & Pietro Tommasino, 2017, "Fiscal policy uncertainty and the business cycle: time series evidence from Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1151, Dec.
• Marcin Bielecki, 2017, "Innovation and endogenous growth over business cycle with frictional labor markets," Working Papers, Faculty of Economic Sciences, University of Warsaw, number 2017-26.
• Grechyna, Daryna, 2017, "Mandatory Spending, Political Polarization, and Macroeconomic Volatility," MPRA Paper, University Library of Munich, Germany, number 83452, Sep.
• Mauro Napoletano, 2017, "A Short Walk on the Wild Side: Agent-Based Models and their Implications for Macroeconomic Analysis," GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, number 2017-40, Dec.
• Massimiliano Rigon & Francesco Zanetti, 2017, "Optimal monetary policy and fiscal interactions in a non-Ricardian economy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1155, Dec.
• Micheli, Martin, 2017, "Endogenous growth and the Taylor principle," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 726, DOI: 10.4419/86788846.
• Dominic Anene & Stefania D'Amico, 2017, "A Tale of Four Tails: Inflation, the Policy Rate, Longer-Term Rates, and Stock Prices," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2017-26, Dec.
• Koulovatianos, Christos & Li, Jian & Weber, Fabienne, 2017, "Market fragility and the paradox of the recent stock-bond dissonance," CFS Working Paper Series, Center for Financial Studies (CFS), number 589.
• Thomas Lustenberger & Enzo Rossi, 2017, "The Social Value of Information: A Test of a Beauty and Non-Beauty Contest," Working Papers, Swiss National Bank, number 2017-17.
• Boris Hofmann & Gert Peersman, 2017, "Monetary Policy Transmission and Trade-offs in the United States: Old and New," CESifo Working Paper Series, CESifo, number 6745.
• Schultefrankenfeld, Guido, 2017, "Appropriate monetary policy and forecast disagreement at the FOMC," Discussion Papers, Deutsche Bundesbank, number 39/2017.
• Gabriel Osório de Barros & Filipe Bento Caires & Dora Xarepe Pereira, 2017, "Empresas Zombie em Portugal - Os sectores não transacionáveis da Construção e dos Serviços," GEE Papers, Gabinete de Estratégia e Estudos, Ministério da Economia, number 0088, Dec, revised Dec 2017.
• Gaetano Gaballo, 2017, "Price Dispersion, Private Uncertainty, and Endogenous Nominal Rigidities," Working papers, Banque de France, number 653.
• van Riet, Ad, 2017, "Monetary Policy Stretched to the Limit: How Could Governments Support the European Central Bank?," MPRA Paper, University Library of Munich, Germany, number 83451, Oct.
• Mumtaz, Haroon & Theodoridis, Konstantinos, 2017, "US financial shocks and the distribution of income and consumption in the UK," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2017/18, Dec.
• Régis Barnichon & Christian Matthes, 2017, "Understanding the Size of the Government Spending Multiplier: It's in the Sign," Working Paper, Federal Reserve Bank of Richmond, number 17-15, Dec.
• Baas, Timo & Belke, Ansgar, 2017, "Oil price shocks, monetary policy and current account imbalances within a currency union," GLO Discussion Paper Series, Global Labor Organization (GLO), number 160.
• Jasmina Hasanhodzic & Laurence J. Kotlikoff, 2017, "Valuing Government Obligations When Markets are Incomplete," NBER Working Papers, National Bureau of Economic Research, Inc, number 24092, Dec.
• Lukas Buchheim & Sebastian Link, 2017, "The Effect of Disaggregate Information on the Expectation Formation of Firms," CESifo Working Paper Series, CESifo, number 6768.
• Makram El-Shagi & Lunan Jiang, 2017, "China Monetary Policy Transmission in China: Dual Shocks with Dual Bond Markets," CFDS Discussion Paper Series, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China, number 2017/2, Dec.
• Stefan Ederer & Miriam Rehm, 2017, "Will wealth become more concentrated in Europe? Evidence from a calibrated neo-Kaleckian model," Working Papers, Post Keynesian Economics Society (PKES), number PKWP1717, Dec.
• Josep M. Raya & José García-Montalvo, 2017, "Constraints on LTV as a Macroprudential Tool: A Precautionary Tale," Working Papers, Barcelona School of Economics, number 1008, Dec.
• Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2017, "The Rate of Return on Everything, 1870–2015," Working Paper Series, Federal Reserve Bank of San Francisco, number 2017-25, Dec, DOI: 10.24148/wp2017-25.
• Aßmuth, Pascal, 2017, "Stock price related financial fragility and growth patterns," Economics Discussion Papers, Kiel Institute for the World Economy, number 2017-108.
• Hamza Demircan & Sumru Oz, 2017, "Saving Behavior of Non-Financial Firms in Turkey," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 1720, Dec.
• Mariusz Kapuściński, 2017, "How far does monetary policy reach? Evidence from factor-augmented vector autoregressions for Poland," NBP Working Papers, Narodowy Bank Polski, number 273.
• Barbara Annicchiarico & Francesca Diluiso, 2017, "International Transmission of the Business Cycle and Environmental Policy," CEIS Research Paper, Tor Vergata University, CEIS, number 423, Dec, revised 19 Dec 2017.
• Item repec:imf:imfwpa:17/227 is not listed on IDEAS anymore

• Job Boerma & Loukas Karabarbounis, 2017, "Inferring Inequality with Home Production," Working Papers, Federal Reserve Bank of Minneapolis, number 746, Dec, DOI: 10.21034/wp.746.
• Nicolas Afflatet, 2016, "The impact of population ageing on public debt. A panel analysis for eighteen european countries," Working Papers, University of Strathclyde Business School, Department of Economics, number 1615, Dec.
• Andreas Steiner & Sven Steinkamp & Frank Westermann, 2017, "Exit Strategies, Capital Flight and Speculative Attacks: Europe's Version of the Trilemma," CESifo Working Paper Series, CESifo, number 6753.
• Ryo Kato & Tatsushi Okuda, 2017, "Market Concentration and Sectoral Inflation under Imperfect Common Knowledge," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 17-E-11, Dec.
• Mario J. Crucini & Nam T. Vu, 2017, "Did the American Recovery and Reinvestment Act Help Counties Most Affected by the Great Recession?," NBER Working Papers, National Bureau of Economic Research, Inc, number 24093, Dec.
• John C. Williams, 2017, "Monetary Policy and the Economic Outlook: A Fine Balancing Act," Speech, Federal Reserve Bank of San Francisco, number 185, Nov.
• Item repec:imf:imfwpa:17/241 is not listed on IDEAS anymore

• Gregor Bäurle & Sarah M. Lein & Elizabeth Steiner, 2017, "Employment Adjustment and Financial Constraints - Evidence from Firm-level Data," Working Papers, Swiss National Bank, number 2017-18.
• Krzysztof Bartosik & Jerzy Mycielski, 2017, "The output employment elasticity and the increased use of temporary contracts: evidence from Poland," Working Papers, Faculty of Economic Sciences, University of Warsaw, number 2017-23.
• Yasuo Hirose & Takeki Sunakawa, 2016, "Parameter Bias in an Estimated DSGE Model," Working Papers, HAL, number halshs-01661908, Sep.
• Alfredo Marvão Pereira & Rui Manuel Pereira, 2017, "A Lower VAT Rate on Electricity in Portugal: Towards a Cleaner Environment, Better Economic Performance, and Less Inequality," GEE Papers, Gabinete de Estratégia e Estudos, Ministério da Economia, number 0090, Jul, revised Dec 2017.
• Sanne Zwart & Mark Baker, 2018, "Improving productivity and job quality of low-skilled workers in the United Kingdom," OECD Economics Department Working Papers, OECD Publishing, number 1457, Jan, DOI: 10.1787/14dfd584-en.
• Aysit Tansel & Zeynel Abidin Ozdemir, 2016, "Unemployment Invariance Hypothesis, Added and Discouraged Worker Effects in Canada?," ERC Working Papers, ERC - Economic Research Center, Middle East Technical University, number 1717, Aug, revised Dec 2017.
• Ben J. Heijdra & Yang Jiang & Jochen O. Mierau, 2017, "The Macroeconomic Effects of Longevity Risk under Private and Public Insurance and Asymmetric Information," CESifo Working Paper Series, CESifo, number 6767.
• Nikita Céspedes Reynaga, 2017, "La heterogeneidad de la dolarización de créditos a nivel de personas," Working Papers, Peruvian Economic Association, number 108, Dec.
• Leo Kaas & Georgi Kocharkov & Edgar Preugschat & Nawid Siassi, 2017, "Low Homeownership in Germany - A Quantitative Exploration," CESifo Working Paper Series, CESifo, number 6775.
• Maarten van Oordt, 2017, "Which Model to Forecast the Target Rate?," Staff Working Papers, Bank of Canada, number 17-60, DOI: 10.34989/swp-2017-60.
• Item repec:imf:imfwpa:17/223 is not listed on IDEAS anymore

• Faure, Salomon A. & Gersbach, Hans, 2017, "Loanable funds vs money creation in banking: A benchmark result," CFS Working Paper Series, Center for Financial Studies (CFS), number 587.
• Makram El-Shagi & Yizhuang Zheng, 2017, "Money Demand in China: A Meta-Study," CFDS Discussion Paper Series, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China, number 2017/3, Dec.
• Carbonero, Francesco & Gartner, Hermann, 2017, "Inspecting the relation of search cost and search duration for new hires," FAU Discussion Papers in Economics, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics, number 21/2017.
• Joshua Aizenman & Menzie D. Chinn & Hiro Ito, 2017, "Financial Spillovers and Macroprudential Policies," NBER Working Papers, National Bureau of Economic Research, Inc, number 24105, Dec.
• Michal Brzezinski, 2017, "Income inequality and the Great Recession in Central and Eastern Europe," Working Papers, Faculty of Economic Sciences, University of Warsaw, number 2017-28.
• Item repec:imf:imfwpa:17/229 is not listed on IDEAS anymore

• Diewert, Erwin & Shimizu, Chihiro, 2017, "Alternative Land Price Indexes for Commercial Properties in Tokyo," HIT-REFINED Working Paper Series, Institute of Economic Research, Hitotsubashi University, number 75, Dec.
• Item repec:imf:imfwpa:17/219 is not listed on IDEAS anymore

• Xavier Gabaix, 2017, "Behavioral Inattention," NBER Working Papers, National Bureau of Economic Research, Inc, number 24096, Dec.
• Előd Takáts & Judit Temesvary, 2017, "Can macroprudential measures make cross-border lending more resilient?," BIS Working Papers, Bank for International Settlements, number 683, Dec.
• TAKAMIZAWA, Hideyuki & 高見澤, 秀幸, 2017, "A Term Structure Model of Interest Rates with Quadratic Volatility," Working Paper Series, Hitotsubashi University Center for Financial Research, number G-1-18, Dec.
• Item repec:imf:imfwpa:17/265 is not listed on IDEAS anymore

• Laura Alfaro & Manuel García-Santana & Enrique Moral-Benito, 2017, "Credit Supply Shocks, Network Effects, and the Real Economy," Harvard Business School Working Papers, Harvard Business School, number 18-052, Dec, revised Mar 2018.
• Ctirad Slavik & Hakki Yazici, 2017, "Wage Risk and the Skill Premium," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague, number wp609, Dec.
• van Holle, Frederiek, 2017, "Essays in empirical finance and monetary policy," Other publications TiSEM, Tilburg University, School of Economics and Management, number 30d11a4b-7bc9-4c81-ad24-5.
• Item repec:imf:imfwpa:17/222 is not listed on IDEAS anymore

• Catherine, Sylvain, 2016, "Countercyclical Income Risk and Portfolio Choices over the Life-Cycle," HEC Research Papers Series, HEC Paris, number 1147, May.
• John Kandrac & Bernd Schlusche, 2017, "Quantitative Easing and Bank Risk Taking: Evidence from Lending," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2017-125, Oct, DOI: 10.17016/FEDS.2017.125.
• Edoardo Rainone, 2017, "Pairwise trading in the money market during the European sovereign debt crisis," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1160, Dec.
• Nogues-Marco, Pilar, 2017, "Money Markets and Exchange Rates in Pre-Industrial Europe," Working Papers, University of Geneva, Paul Bairoch Institute of Economic History, number unige:100808.
• Gregori Galofré-Vilà & Christopher M. Meissner & Martin McKee & David Stuckler, 2017, "Austerity and the Rise of the Nazi party," NBER Working Papers, National Bureau of Economic Research, Inc, number 24106, Dec.
• Pierluigi Bologna, 2017, "Banks’ maturity transformation: risk, reward, and policy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1159, Dec.
• Porras, María Sylvina & Martín-Román, Ángel L., 2017, "Self-employment and Okun’s Law relationship: the Spanish case," GLO Discussion Paper Series, Global Labor Organization (GLO), number 157.
• Item repec:imf:imfwpa:17/235 is not listed on IDEAS anymore

Report NEP-MAC-2018-01-08

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: