Report NEP-MAC-2018-03-05

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:

• Gara Afonso & Roc Armenter & Benjamin Lester, 2018, "A Model of the Federal Funds Market: Yesterday, Today, and Tomorrow," Working Papers, Federal Reserve Bank of Philadelphia, number 18-10, Feb, DOI: 10.21799/frbp.wp.2018.10.
• Schrimpf, Paul & Malamud, Semyon, 2018, "Intermediation markups and monetary policy pass-through," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12623, Jan.
• Item repec:upd:utppwp:081 is not listed on IDEAS anymore

• Reich, Jens, 2017, "A new theory of seigniorage and optimal inflation," MPRA Paper, University Library of Munich, Germany, number 83023, Nov.
• Corsetti, G. & Duarte, J. B. & Mann, S., 2018, "One Money, Many Markets - A Factor Model Approach to Monetary Policy in the Euro Area with High-Frequency Identification," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1816, Feb.
• Item repec:rim:rimwps:18-10 is not listed on IDEAS anymore

• Sushant Acharya & Keshav Dogra, 2018, "Understanding HANK: insights from a PRANK," Staff Reports, Federal Reserve Bank of New York, number 835, Feb.
• Foster, John, 2018, "The Consumption Function: A New Perspective," MPRA Paper, University Library of Munich, Germany, number 84383, Feb.
• Harashima, Taiji, 2018, "Why Are Inflation and Real Interest Rates So Low? A Mechanism of Low and Floating Real Interest and Inflation Rates," MPRA Paper, University Library of Munich, Germany, number 84311, Apr.
• Pierre Siklos, 2018, "Boom-and-Bust Cycles in Emerging Markets: How Important is the Exchange Rate?," LCERPA Working Papers, Laurier Centre for Economic Research and Policy Analysis, number 0108, Jan, revised 30 Jan 2018.
• Grace Weishi Gu & Eswar Prasad, 2018, "New Evidence on Cyclical Variation in Labor Costs in the U.S," NBER Working Papers, National Bureau of Economic Research, Inc, number 24266, Jan.
• Luca Marchiori, 2018, "Monetary theory reversed: Virtual currency issuance and miners’ remuneration," BCL working papers, Central Bank of Luxembourg, number 115, Feb.
• Yvan Guillemette & Andrea De Mauro & David Turner, 2018, "Saving, investment, capital stock and current account projections in long-term scenarios," OECD Economics Department Working Papers, OECD Publishing, number 1461, Feb, DOI: 10.1787/aa519fc9-en.
• Steven Ongena & Ann L. Owen & Judit Temesvary, 2018, "A Global Lending Channel Unplugged? Does U.S. Monetary Policy Affect Cross-border and Affiliate Lending by Global U.S. Banks?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-008, Feb, DOI: 10.17016/FEDS.2018.008.
• Evren Erdogan Cosar, 2018, "A Revised Direct Output Gap Measure for the Turkish Economy," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1804.
• Jonathan Benchimol & Lahcen Bounader, 2018, "Optimal Monetary Policy Under Bounded Rationality," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 336, Jan, DOI: 10.24149/gwp336.
• Syed Hassan & Sarosh Shabi & Taufiq Choudhry, 2018, "Asymmetry, Uncertainty and International Trade," Working Papers, Swansea University, School of Management, number 2018-24, Feb.
• David Finck & Joerg Schmidt & Peter Tillmann, 2018, "Mortgage Debt and Time-Varying Monetary Policy Transmission," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 201809.
• Domenico Lombardi, Pierre Siklos, Samantha St. Amand, 2018, "Asset Price Spillovers From Unconventional Monetary Policy: A Global Empirical Perspective," LCERPA Working Papers, Laurier Centre for Economic Research and Policy Analysis, number 0109, Jan, revised 30 Jan 2018.
• Karlo Kotarac & Davor Kunovac & Rafael Ravnik, 2017, "Coherence of Business Cycles and Economic Shocks between Croatia and Euro Area Member States," Working Papers, The Croatian National Bank, Croatia, number 53, Oct.
• António Afonso & Yasfir Ibraimo, 2018, "The Macroeconomic Effects of Public Debt: An Empirical Analysis of Mozambique," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2018/29, Feb.
• Paul J.J. Welfens & David Hanrahan, 2018, "BREXIT: Key Analytical Issues and Insights from Revised Economic Forecasts," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei235, Jan.
• Federico Lubello & Ivan Petrella & Emiliano Santoro, 2018, "Chained financial frictions and credit cycles," BCL working papers, Central Bank of Luxembourg, number 116, Feb.
• Selen Andic, 2018, "Multivariate Filter for Estimating Potential Output and Output Gap in Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1807.
• Gary B. Gorton & Toomas Laarits, 2018, "Collateral Damage," NBER Working Papers, National Bureau of Economic Research, Inc, number 24298, Feb.
• Jonathan Hambur & Richard Finlay, 2018, "Affine Endeavour: Estimating a Joint Model of the Nominal and Real Term Structures of Interest Rates in Australia," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2018-02, Feb.
• Musgrave, Ralph S., 2018, "Artificial interest rate adjustments do not make sense," MPRA Paper, University Library of Munich, Germany, number 84271, Jan.
• Jens Klose, 2018, "Are Eastern European Taylor Reaction Functions Asymmetric in Inflation or Output: Empirical Evidence for four Countries," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 201808.
• Martin Ellison & Andreas Tischbirek, 2018, "Beauty Contests and the Term Structure," Economics Series Working Papers, University of Oxford, Department of Economics, number 846, Feb.
• Item repec:bof:bofitp:2018_004 is not listed on IDEAS anymore

• Jesús Fernández-Villaverde & Daniel R. Sanches, 2018, "On the Economics of Digital Currencies," Working Papers, Federal Reserve Bank of Philadelphia, number 18-7, Feb, DOI: https://doi.org/10.21799/frbp.wp.20.
• Vespignani, Joaquin & Kang, Wensheng & Ratti, Ronald, 2018, "Global Commodity Prices and Global Stock Volatility Shocks," MPRA Paper, University Library of Munich, Germany, number 84250, Jan.
• Kozo Ueda & Kota Watanabe & Tsutomu Watanabe, 2018, "Product Turnover and the Cost of Living Index: Quality vs. Fashion Effects," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 337, Jan, DOI: 10.24149/gwp337.
• Stylianos Tsiaras, 2018, "Financial Crisis, Monetary Base Expansion and Risk," School of Economics Discussion Papers, School of Economics, University of Surrey, number 0218, Jan.
• Item repec:imf:imfscr:17/408 is not listed on IDEAS anymore

• Jeffrey R. Campbell & Jacob P. Weber, 2018, "Open Mouth Operations," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2018-3, Feb.
• Item repec:imf:imfscr:17/409 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:18/13 is not listed on IDEAS anymore

• Evren Erdogan Cosar & Sayg�n Sahinoz, 2018, "Quantifying Uncertainty and Identifying its Impacts on the Turkish Economy," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1806.
• Jordi Galí, 2017, "Uncovered interest parity, forward guidance and the exchange rate," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1600, May, revised Feb 2020.
• Jordi Galí, 2018, "Uncovered Interest Parity, Forward Guidance and the Exchange Rate," Working Papers, Barcelona School of Economics, number 1021, Feb.
• Enghin Atalay & Thorsten Drautzburg & Zhenting Wang, 2018, "Accounting for the Sources of Macroeconomic Tail Risks," Working Papers, Federal Reserve Bank of Philadelphia, number 18-8, Feb, DOI: https://doi.org/10.21799/frbp.wp.20.
• Ludger Schuknecht & Holger Zemanek, 2018, "Social Dominance," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2018/30, Feb.
• Item repec:upd:utppwp:080 is not listed on IDEAS anymore

• Andreas P. Kyriacou & Leonel Muinelo-Gallo & Oriol Roca-Sagalés, 2018, "The efficiency of transport infrastructure investment and the role of institutions: an empirical analysis," Working Papers. Collection B: Regional and sectoral economics, Universidade de Vigo, GEN - Governance and Economics research Network, number 1802, Feb.
• Item repec:imf:imfscr:17/385 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/411 is not listed on IDEAS anymore

• Frédérique BEC, 2017, "Why are inflation forecasts sticky?," Thema Working Papers, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS, number 2017-23.
• Item repec:imf:imfscr:17/398 is not listed on IDEAS anymore

• Stephen Morris & Hyun Song Shin, 2018, "Central bank forward guidance and the signal value of market prices," BIS Working Papers, Bank for International Settlements, number 692, Jan.
• Item repec:imf:imfscr:17/397 is not listed on IDEAS anymore

• Matthew W. Clance & Rangan Gupta & Mark E. Wohar, 2018, "Geopolitical Risks and Recessions in a Panel of Advanced Economies: Evidence from Over a Century of Data," Working Papers, University of Pretoria, Department of Economics, number 201807, Feb.
• Di Maggio, Marco & Kermani, Amir & Majlesi, Kaveh, 2018, "Stock Market Returns and Consumption," Working Paper Series, Research Institute of Industrial Economics, number 1198, Feb.
• Robert S. Kaplan, 2018, "Discussion of Economic Conditions and Key Challenges Facing the U.S. Economy," Speeches and Essays, Federal Reserve Bank of Dallas, number 173, Feb.
• Pablo Martín-Aceña, 2018, "Money in Spain. New historical statistics. 1830-1998," Working Papers, Banco de España, number 1806, Feb.
• Item repec:imf:imfscr:17/372 is not listed on IDEAS anymore

• Krueger, Dirk & Ludwig, Alexander, 2019, "Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 201, revised 2019, DOI: 10.2139/ssrn.3124792.
• Bagis, Bilal, 2017, "Macroeconomic Implications of Changes in Social Security Rules," MPRA Paper, University Library of Munich, Germany, number 84051, Feb.
• Samil Oh & Thepthida Sopraseuth, 2017, "Firm entry, Search and Matching in a Small Open Economy Faced with Uncertainty Shocks: The case of Korea," Thema Working Papers, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS, number 2017-27.
• Item repec:imf:imfscr:17/401 is not listed on IDEAS anymore

• Giulio Cifarelli & Giovanna Paladino, 2018, "Sovereign - bank risk interconnections during the Greek financial crisis and the role of the Italian debt," Working Papers - Economics, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa, number wp2018_01.rdf.
• Lettau, Martin & Ludvigson, Sydney & Ma, Sai, 2018, "Capital Share Risk in U.S. Asset Pricing," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12628, Jan.
• Di Maggio, Marco & Kermani, Amir & Majlesi, Kaveh, 2018, "Stock Market Returns and Consumption," Working Papers, Lund University, Department of Economics, number 2018:1, Feb.
• Item repec:imf:imfscr:17/379 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/395 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:18/10 is not listed on IDEAS anymore

• Magali Marx & Benoit Mojon & Francois R. Velde, 2018, "Why Have Interest Rates Fallen Far Below the Return on Capital," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2018-1, Jan.
• Item repec:imf:imfscr:17/386 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/400 is not listed on IDEAS anymore

• Christoph Zwick, 2018, "On the origin of current account deficits in the Euro area periphery: A DSGE perspective," Graz Economics Papers, University of Graz, Department of Economics, number 2018-02, Feb.
• Koskinen Hannu & Vilmunen Jouko, 2018, "Implications for Aggregate Inflation of Sectoral Asymmetries: An Empirical Implication," Working Papers, Tampere University, Faculty of Management and Business, Economics, number 1818, Feb.
• Mahmut Gunay, 2018, "Forecasting Industrial Production and Inflation in Turkey with Factor Models," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1805.
• Vasilios Plakandaras & Rangan Gupta & Mark E. Wohar, 2018, "Persistence of Economic Uncertainty: A Comprehensive Analysis," Working Papers, University of Pretoria, Department of Economics, number 201810, Feb.
• Ryan A. Decker & John Haltiwanger & Ron S. Jarmin & Javier Miranda, 2018, "Changing Business Dynamism and Productivity : Shocks vs. Responsiveness," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-007, Feb, DOI: 10.17016/FEDS.2018.007.
• Item repec:imf:imfscr:18/30 is not listed on IDEAS anymore

• van Riet, Ad, 2018, "Financial repression and high public debt in Europe," Other publications TiSEM, Tilburg University, School of Economics and Management, number 3391dd73-357a-4071-825c-7.
• Martin T. Bohl, Pierre Siklos, Claudia Wellenreuther, 2018, "Speculative Activity and Returns to Volatility of Chinese Major Agricultural Commodity Futures," LCERPA Working Papers, Laurier Centre for Economic Research and Policy Analysis, number 0111, Jan, revised 30 Jan 2018.
• Dosi, Giovanni & Pereira, Marcelo C. & Roventini, Andrea & Virgillito, Maria Enrica, 2018, "What if supply-side policies are not enough? The perverse interaction of flexibility and austerity," GLO Discussion Paper Series, Global Labor Organization (GLO), number 168.
• Item repec:imf:imfscr:18/1 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/389 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/383 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/396 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/32 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:18/8 is not listed on IDEAS anymore

• Haagsma, Rein, 2018, "Income inequality and saving in a class society: The role of ordinal status," Economics Discussion Papers, Kiel Institute for the World Economy, number 2018-12.
• Fabian Goessling, 2018, "Human Capital, Growth, and Asset Prices," CQE Working Papers, Center for Quantitative Economics (CQE), University of Muenster, number 6918, Feb.
• Eric Rosengren, 2018, "Comments on “A skeptical view of the impact of the Fed’s balance sheet”: remarks delivered at the 2018 U.S. Monetary Policy Forum, New York, New York, February 23, 2018," Speech, Federal Reserve Bank of Boston, number 127, Feb.
• Peter Mihalyi, 2017, "Learning, as a wonder weapon of endogenous growth?," CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 1727, Sep.
• Item repec:imf:imfscr:18/19 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/380 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:18/6 is not listed on IDEAS anymore

• Robin Dottling, 2018, "Bank Capital Regulation in a Zero Interest Environment," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 18-016/IV, Feb, revised 11 Oct 2019.
• Masami Imai & Cameron Shelton & Rosa Hayes, 2014, "Attribution Error in Economic Voting: Evidence From Trade Shocks," Working Papers, Tokyo Center for Economic Research, number e073, Mar.
• Luu, Duc Thi & Yanovski, Boyan & Lux, Thomas, 2018, "An analysis of systematic risk in worldwide econonomic sentiment indices," Economics Working Papers, Christian-Albrechts-University of Kiel, Department of Economics, number 2018-03.
• Item repec:imf:imfscr:17/394 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/391 is not listed on IDEAS anymore

• Lorenz, Hanno & Stephany, Fabian, 2018, "Back to the future: Changing job profiles in the digital age," Working Papers, Agenda Austria, number 13.
• Reza Hajargasht & Robert J. Hill & D. S. Prasada Rao & Sriram Shankar, 2018, "Spatial Chaining in International Comparisons of Prices and Real Incomes," Graz Economics Papers, University of Graz, Department of Economics, number 2018-03, Feb.
• Item repec:imf:imfscr:18/25 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:18/21 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/23 is not listed on IDEAS anymore

• Mohammad Reza Farzanegan & Bernd Hayo, 2018, "Sanctions and the Shadow Economy: Empirical Evidence from Iranian Provinces," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 201807.
• Karsten Kohler & Alexander Guschanski & Engelbert Stockhammer, 2018, "The impact of financialisation on the wage share. A theoretical clarification and empirical test," Economics Discussion Papers, School of Economics, Kingston University London, number 2018-1, Feb.
• Carolina Fugazza, 2018, "Anatomy of Unemployment Risk," Working papers, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino, number 048, Feb.
• Claude Diebolt & Michael Haupert, 2018, "Cliometrics," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2018-01.
• Adama Zerbo, 2018, "Essai d'une nouvelle représentation macroéconomique du marché du travail," Documents de travail, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV, number 178, Feb.
• Barbosa, Bruno Tebaldi de Queiroz & Marçal, Emerson Fernandes, 2018, "Modeling how macroeconomic shocks a ect regional employment: analyzing the Brazilian formal labor market using the global VAR approach," Textos para discussão, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil), number 468, Feb.
• Item repec:imf:imfwpa:18/15 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:18/24 is not listed on IDEAS anymore

• Blazsek, Szabolcs & Escribano, Álvaro & Licht, Adrian, 2018, "Seasonal quasi-vector autoregressive models for macroeconomic data," UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía, number 26316, Feb.
• Jun-Hyun Ko & Hiroshi Morita, 2015, "How does hyperinflation shock the economy?: Panel VAR Approach," Working Papers, Tokyo Center for Economic Research, number e090, Feb.
• Item repec:imf:imfscr:17/407 is not listed on IDEAS anymore

• Anke Becker & Benjamin Enke & Armin Falk, 2018, "Ancient Origins of the Global Variation in Economic Preferences," NBER Working Papers, National Bureau of Economic Research, Inc, number 24291, Feb.
• Holz, Michael & Icks, Annette & Levering, Britta & Kasdorf, Alina, 2018, "Reform der Einheitlichen Ansprechpartner (EA): Anregungen von europäischen Good-Practice-Beispielen," IfM-Materialien, Institut für Mittelstandsforschung (IfM) Bonn, number 264.

Report NEP-MAC-2018-03-05

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: