Report NEP-MAC-2018-03-12

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:

• Marcel Fratzscher & Christoph Grosse Steffen & Malte Rieth, 2018, "Inflation Targeting as a Shock Absorber," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1721.
• Luca Gambetti & Dimitris Korobilis & John D. Tsoukalas & Francesco Zanetti, 2017, "The Effect of News Shocks and Monetary Policy," Working Papers, Business School - Economics, University of Glasgow, number 2017_11, Sep.
• Bachmann, Rüdiger & Zorn, Peter, 2018, "What Drives Aggregate Investment? Evidence from German Survey Data," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12710, Feb.
• Siddhartha Biswas & Andrew Hanson & Toan Phan, 2018, "Bubbly Recessions," Working Paper, Federal Reserve Bank of Richmond, number 18-5, Feb.
• Gara Afonso & Roc Armenter & Benjamin Lester, 2018, "A model of the federal funds market: yesterday, today, and tomorrow," Staff Reports, Federal Reserve Bank of New York, number 840, Feb.
• Hein, Eckhard, 2018, "Inequality and growth: Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 96/2018.
• van Wijnbergen, Sweder & Jakucionyte, Egle, 2018, "Unclogging the Credit Channel: on the Macroeconomics of Banking frictions," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12729, Feb.
• Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2017, "Liquidity Risk, Credit Risk and the Money Multiplier," Working Papers, Business School - Economics, University of Glasgow, number 2017_09, Jul.
• Ghironi, Fabio & Barattieri, Alessandro & Cacciatore, Matteo, 2018, "Protectionism and the Business Cycle," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12693, Feb.
• Angela Abbate & Dominik Thaler, 2018, "Monetary policy and the asset risk-taking channel," Working Papers, Banco de España, number 1805, Feb.
• Galí, Jordi & Andrade, Philippe & Le Bihan, Hervé & Matheron, Julien, 2018, "The Optimal Inflation Target and the Natural Rate of Interest," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12723, Feb.
• Efrem Castelnuovo & Giovanni Pellegrino, 2017, "Uncertainty-dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation," CESifo Working Paper Series, CESifo, number 6821.
• Debortoli, Davide & Galí, Jordi & Gambetti, Luca, 2018, "On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12691, Feb.
• Samuel Luethi & Stefan C. Wolter, 2018, "Are Apprenticeships Business Cycle Proof?," Economics of Education Working Paper Series, University of Zurich, Department of Business Administration (IBW), number 0146, Feb.
• Mengus, Eric & Barthelemy, Jean, 2016, "The Signaling Effect of Raising Inflation," HEC Research Papers Series, HEC Paris, number 1162, Jul, revised 09 Jan 2017.
• Vegard H. Larsen & Leif Anders Thorsrud, 2018, "Business cycle narratives," Working Paper, Norges Bank, number 2018/3, Feb.
• Fidrmuc, Jarko & Lind, Ronja, 2017, "Macroeconomic Impact of Basel III: Evidence from a Meta-Analysis," Beiträge zur Jahrestagung 2016 (Witten/Herdecke), Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik, number 175189.
• Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018, "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper, Federal Reserve Bank of Richmond, number 18-4, Feb.
• Wendy Nyakabawo & Rangan Gupta & Hardik A. Marfatia, 2018, "High-Frequency Impact of Monetary Policy and Macroeconomic Surprises on US MSAs and Aggregate US Housing Returns and Volatility: A GJR-GARCH Approach," Working Papers, University of Pretoria, Department of Economics, number 201817, Mar.
• Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018, "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper Series, Federal Reserve Bank of San Francisco, number 2018-04, Dec, DOI: 10.24148/wp2018-04.
• Gerhard Illing & Yoshiyasu Ono & Matthias Schlegl, 2017, "Credit Booms, Debt Overhang and Secular Stagnation," CESifo Working Paper Series, CESifo, number 6796.
• Lise Clain-Chamosset-Yvrard, 2018, "Expectation-driven asset price fluctuations under the spirit of capitalism hypothesis: The role of heterogeneity," Working Papers, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon, number 1803.
• Guilherme Bandeira, 2018, "Fiscal transfers in a monetary union with sovereign risk," Working Papers, Banco de España, number 1807, Feb.
• Tomasz Łyziak & Xuguang Sheng, 2018, "Disagreement in consumer inflation expectations," NBP Working Papers, Narodowy Bank Polski, number 278.
• D'Acunto, Francesco & Hoang, Daniel & Weber, Michael, 2018, "Unconventional fiscal policy," Working Paper Series in Economics, Karlsruhe Institute of Technology (KIT), Department of Economics and Management, number 114, DOI: 10.5445/IR/1000079885.
• Noel Rapa, 2017, "Estimates of Fiscal Multipliers using MEDSEA," CBM Working Papers, Central Bank of Malta, number WP/04/2017.
• Roberto Bande & Marika Karanassou & Hector Sala, 2017, "Employment in Spanish regions: Cost control or growth-enhancing policies?," Working Papers, Queen Mary University of London, School of Economics and Finance, number 834, Sep.
• Joscha Beckmann & Robert Czudaj, 2018, "Monetary policy shocks, expectations and information rigidities," Chemnitz Economic Papers, Department of Economics, Chemnitz University of Technology, number 019, Feb.
• Saroj Bhattarai & Arpita Chatterjee & Woong Yong Park, 2017, "Global Spillover Effects of US Uncertainty," Discussion Papers, School of Economics, The University of New South Wales, number 2017-17, Nov.
• Sangyup Choi & Myungkyu Shim, 2018, "Financial vs. Policy Uncertainty in Emerging Market Economies," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2018rwp-116, Mar.
• Michał Gradzewicz, 2018, "How do savings of different agents respond to interest rate change?," NBP Working Papers, Narodowy Bank Polski, number 276.
• Haroon Mumtaz & Konstantinos Theodoridis, 2017, "US financial shocks and the distribution of income and consumption in the UK," Working Papers, Queen Mary University of London, School of Economics and Finance, number 845, Dec.
• Roger Farmer & Pawel Zabczyk, 2018, "The Household Fallacy," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 487, Mar.
• Cheng Chen & Tatsuro Senga & Chang Sun & Hongyong Zhang, 2017, "Firm Expectations and Investment: Evidence from the China-Japan Island Dispute," Working Papers, Queen Mary University of London, School of Economics and Finance, number 838, Oct.
• Item repec:gla:glaewp:2018-01 is not listed on IDEAS anymore

• Peter Kriesler & G. C. Harcourt & Joseph Halevi, 2018, "Central Bank Independence Revisited," Discussion Papers, School of Economics, The University of New South Wales, number 2018-01, Jan.
• Reuben Ellul, 2017, "Correlation between Maltese and euro area sovereign bond yields," CBM Working Papers, Central Bank of Malta, number WP/03/2017.
• Mawuli Segnon & Stelios Bekiros & Bernd Wilfling, 2018, "Forecasting Inflation Uncertainty in the G7 Countries," CQE Working Papers, Center for Quantitative Economics (CQE), University of Muenster, number 7118, Mar.
• Fabrice Collard & Sujoy Mukerji & Kevin Sheppard & Jean-Marc Tallon, 2017, "Ambiguity and the historical equity premium," Working Papers, Queen Mary University of London, School of Economics and Finance, number 835, Sep.
• András Fülöp & Zalán Kocsis, 2018, "News- Based Indices on Country Fundamentals: Do They Help Explain Sovereign Credit Spread Fluctuations?," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2018/1.
• Miroslav Gabrovski & Victor Ortego-Marti, 2018, "Housing Market Dynamics with Search Frictions," Working Papers, University of California at Riverside, Department of Economics, number 201804, Mar.
• Giovanni Angelini & Emanuele Bacchiocchi & Giovanni Caggiano & Luca Fanelli, 2017, "Uncertainty Across Volatility Regimes," CESifo Working Paper Series, CESifo, number 6799.
• Item repec:gla:glaewp:2018-02 is not listed on IDEAS anymore

• Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2018, "Uncertainty and Economic Activity: A Multi-Country Perspective," NBER Working Papers, National Bureau of Economic Research, Inc, number 24325, Feb.
• Haroon Mumtaz & Laura Sunder-Plassmann, 2017, "Non-linear effects of government spending shocks in the US. Evidence from state-level data," Working Papers, Queen Mary University of London, School of Economics and Finance, number 841, Nov.
• Item repec:imf:imfscr:18/9 is not listed on IDEAS anymore

• Item repec:imf:imfscr:17/364 is not listed on IDEAS anymore

• Rafael S. M. Ribeiro & Gilberto Tadeu Lima, 2018, "Government expenditure ceiling and public debt dynamics in a demand-led macromodel," Textos para Discussão Cedeplar-UFMG, Cedeplar, Universidade Federal de Minas Gerais, number 573, Jan.
• Robert Duval-Hernandez & Lei Fang & L. Rachel Ngai, 2018, "Social Subsidies and Marketization: the role of gender and skill," Discussion Papers, Centre for Macroeconomics (CFM), number 1804, Feb.
• Joshua Abel & Andreas Fuster, 2018, "How do mortgage refinances affect debt, default, and spending? Evidence from HARP," Staff Reports, Federal Reserve Bank of New York, number 841, Feb.
• Thomas M. Eisenbach & Gregory Phelan, 2018, "Cournot Fire Sales," Staff Reports, Federal Reserve Bank of New York, number 837, Feb.
• Radoslawa Nikolowa & Daniel Ferreira, 2018, "How to Sell Jobs," Working Papers, Queen Mary University of London, School of Economics and Finance, number 846, Jan.
• Rebucci, Alessandro & Cesa-Bianchi, Ambrogio & Pesaran, M. Hashem, 2018, "Uncertainty and Economic Activity: A Multi-Country Perspective," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12713, Feb.
• van den Berg, Gerard J. & Gerdtham, Ulf G. & von Hinke, Stephanie & Lindeboom, Maarten & Sundquist, Jan & Lissdaniels, Johannes & Sundquist, Kristina, 2017, "Mortality and the business cycle: Evidence from individual and aggregated data," Working Paper Series, IFAU - Institute for Evaluation of Labour Market and Education Policy, number 2017:28, Dec, DOI: 10.1016/j.jhealeco.2017.09.005.
• Monisankar Bishnu & Nick L Guo & Cagri Kumru, 2018, "A Revisit to the Annuity Role of Estate Tax," ANU Working Papers in Economics and Econometrics, Australian National University, College of Business and Economics, School of Economics, number 2018-658, Feb.
• Leon, Costas, 2018, "An Evaluation of Singular Spectrum Analysis-Based Seasonal Adjustment," MPRA Paper, University Library of Munich, Germany, number 84594, Feb.
• Boneva, Lena & Cloyne, James & Weale, Martin & Wieladek, Tomasz, 2018, "Firms' Expectations of New Orders, Employment, Costs and Prices: Evidence from Micro Data," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12722, Feb.
• Anna Florio, 2018, "Unmoored expectations and the price puzzle," DEM Working Papers Series, University of Pavia, Department of Economics and Management, number 154, Mar.
• Mario Holzner & Hermine Vidovic, 2018, "Wirtschaftliche Perspektiven für Kroatien," wiiw Research Reports in German language, The Vienna Institute for International Economic Studies, wiiw, number 9, Mar.
• Evans, Trevor, 2018, "The economic expansion in the US since 2009 and Donald Trump's ambitions to "drain the swamp"," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 97/2018.
• Item repec:imf:imfscr:18/14 is not listed on IDEAS anymore

• Katalin Bodnar & Ludmila Fadejeva & Stefania Iordache & Liina Malk & Desislava Paskaleva & Jurga Pesliakaite & Natasa Todorovic Jemec & Peter Toth & Robert Wyszynski, 2017, "How Do Firms Adjust to Rises in the Minimum Wage? Survey Evidence fromCentral and Eastern Europe," Working Papers, Latvijas Banka, number 2017/04, Dec.
• Andrew Aitken & Martin Weale, 2018, "A Democratic Measure of Household Income Growth: Theory and Application to the United Kingdom," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2018-02, Feb.
• Maximo Camacho & Fernando Soto, 2018, "Consumer confidence’s boom and bust in Latin America," Working Papers, BBVA Bank, Economic Research Department, number 18/02, Feb.
• Konstantinos Angelopoulos & Andrea Benecchi & James Malley, 2017, "Can subsidising job-related training reduce inequality?," Working Papers, Business School - Economics, University of Glasgow, number 2017_10, Aug.
• Konstantinos Angelopoulos & Spyridon Lazarakis & James Malley, 2017, "Wealth inequality and externalities from ex ante skill heterogeneity," Working Papers, Business School - Economics, University of Glasgow, number 2017_07, Jul.
• Item repec:dnb:dnbwpp:584 is not listed on IDEAS anymore

• Clark Granger & Yurany Hernández & Jorge Ramos & Jorge Toro & Héctor Zárate, 2018, "La postura fiscal en Colombia a partir de los ajustes a las tarifas impositivas," Borradores de Economia, Banco de la Republica de Colombia, number 1038, Feb, DOI: 10.32468/be.1038.
• Timothy J. Goodspeed, 2018, "Decentralization and intra-country transfers in the great recession: the case of EU," Working Papers. Collection A: Public economics, governance and decentralization, Universidade de Vigo, GEN - Governance and Economics research Network, number 1807, Feb.
• Krueger, Dirk & Ludwig, Alexander, 2018, "Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12717, Feb.
• John Hatgioannides & Marika Karanassou & Hector Sala, 2017, "Should the Rich be Taxed More? The Fiscal Inequality Coefficient," Working Papers, Queen Mary University of London, School of Economics and Finance, number 832, Sep.
• Matteo Accornero & Mirko Moscatelli, 2018, "Listening to the buzz: social media sentiment and retail depositors' trust," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1165, Feb.
• Fabrizio Almeida Marodin & Marcelo Savino Portugal, 2018, "Exchange Rate Pass-Through in Brazil: a Markov switching estimation for the inflation targeting period (2000-2015)," Working Papers Series, Central Bank of Brazil, Research Department, number 473, Feb.
• Item repec:imf:imfscr:18/12 is not listed on IDEAS anymore

• Astrid Martínez Ortiz & Luis Alberto Zuleta & Martha Misas & Lino Jaramillo, 2016, "La competencia y la eficiencia en la banca colombiana," Libros Fedesarrollo, Fedesarrollo, number 15211, June.
• Christiane Baumeister & James D. Hamilton, 2017, "Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks," CESifo Working Paper Series, CESifo, number 6835.
• Curtis Jr, James E, 2017, "Differences in Wealth, Education, and History," MPRA Paper, University Library of Munich, Germany, number 84818, Sep.
• Christian Groth & Jakub Growiec, 2018, "Do Mincerian wage equations inform how schooling influences productivity?," NBP Working Papers, Narodowy Bank Polski, number 279.
• Santiago Lago-Peñas & Jorge Martínez-Vázquez & Agnese Sacchi, 2018, "Fiscal stability during the great recesion: Putting decentralization design to the test," Working Papers. Collection A: Public economics, governance and decentralization, Universidade de Vigo, GEN - Governance and Economics research Network, number 1806, Feb.
• Item repec:imf:imfscr:18/16 is not listed on IDEAS anymore

• Marika Karanassou & Hector Sala, 2017, "Distributional Consequences of Capital Accumulation, Globalisation and Financialisation in the US," Working Papers, Queen Mary University of London, School of Economics and Finance, number 833, Sep.
• Zeno Enders & Hendrik Hakenes, 2017, "Market Depth, Leverage, and Speculative Bubbles," CESifo Working Paper Series, CESifo, number 6806.
• William Dudley, 2018, "Comments on “A Skeptical View of the Impact of the Fed’s Balance Sheet”: remarks at the 2018 U.S. Monetary Policy Forum, New York City," Speech, Federal Reserve Bank of New York, number 275, Feb.
• Renato Faccini & Eirini Konstantinidi & George Skiadopoulos & Sylvia Sarantopoulou-Chiourea, 2018, "A New Predictor of US. Real Economic Activity: The S&P 500 Option Implied Risk Aversion," Working Papers, Queen Mary University of London, School of Economics and Finance, number 850, Jan.
• Item repec:imf:imfscr:17/377 is not listed on IDEAS anymore

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• Grillitsch, Markus & Tavassoli, Sam, 2018, "Cultural Diversity and Employment Growth: Moderating Effect of the Recent Global Financial Crisis," Papers in Innovation Studies, Lund University, CIRCLE - Centre for Innovation Research, number 2018/5, Feb.
• Item repec:imf:imfscr:18/10 is not listed on IDEAS anymore

• Zheng, Zhijie & Huang, Chien-Yu & Yang, Yibai, 2018, "Inflation and Growth: A Non-Monotonic Relationship in an Innovation-Driven Economy," MPRA Paper, University Library of Munich, Germany, number 84768, Feb.
• Stefania Pozzuoli, 2018, "L'evoluzione del credito alle società non finanziarie e alle famiglie: un'analisi empririca per l'Italia," Working Papers, Department of the Treasury, Ministry of the Economy and of Finance, number 2, Feb.
• Item repec:imf:imfscr:18/21 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/11 is not listed on IDEAS anymore

• Chakraborty, Lekha & Singh, Yadawendra, 2018, "Fiscal Policy, as the "Employer of Last Resort": Impact of MGNREGS on Labour Force Participation Rates in India," Working Papers, National Institute of Public Finance and Policy, number 18/210, Feb.
• Christoph Görtz & Plutarchos Sakellaris & John D. Tsoukalas, 2017, "Financing Lumpy Adjustment," Working Papers, Business School - Economics, University of Glasgow, number 2017_06, Apr.
• Ignacio Hernando & Irene Pablos & Daniel Santabárbara & Javier Vallés, 2018, "Private saving. New cross-country evidencebased on bayesian techniques," Working Papers, Banco de España, number 1802, Jan.
• Gilberto Tadeu Lima & Jaylson Jair da Silveira, 2018, "Macrodynamic Implications of Employee Profit Sharing as Effort Elicitation Device," Working Papers, Department of Economics, University of São Paulo (FEA-USP), number 2018_02, Mar.
• Brian Sykes & Amanda Geller, 2017, "Mass Incarceration and the Underground Economy in America," Working Papers, Princeton University, School of Public and International Affairs, Center for Research on Child Wellbeing., number wp17-03-ff.
• Hwan Jo & Tatsuro Senga, 2017, "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," Working Papers, Queen Mary University of London, School of Economics and Finance, number 839, Nov.
• Francis Breedon, 2018, "On the Transactions Costs of UK Quantitative Easing," Working Papers, Queen Mary University of London, School of Economics and Finance, number 848, Jan.
• Michal burzynski & Christoph Deuster & Frédéric Docquier, 2018, "The Geography of Talent: Development Implications and Long-Run Prospects," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2018002, Feb.
• Bayer, Christian & Mecikovsky, Ariel & Meier, Matthias, 2018, "Misallocation: Markups and Technology," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12727, Feb.
• Abdullah Gulcu & Dilem Yildirim, 2018, "Smooth Breaks And Nonlinear Mean Reversion In Real Interest Parity: Evidence From East Asian Countries," ERC Working Papers, ERC - Economic Research Center, Middle East Technical University, number 1804, Feb, revised Feb 2018.

Report NEP-MAC-2018-03-12

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: