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 K Mallick issued this report. It is usually issued weekly.Subscribe to this report: email, RSS, or Mastodon.
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 1721, DIW Berlin, German Institute for Economic Research.
- Luca Gambetti & Dimitris Korobilis & John D. Tsoukalas & Francesco Zanetti, 2017. "The Effect of News Shocks and Monetary Policy," Working Papers 2017_11, Business School - Economics, University of Glasgow.
- Bachmann, Rüdiger & Zorn, Peter, 2018. "What Drives Aggregate Investment? Evidence from German Survey Data," CEPR Discussion Papers 12710, C.E.P.R. Discussion Papers.
- Siddhartha Biswas & Andrew Hanson & Toan Phan, 2018. "Bubbly Recessions," Working Paper 18-5, Federal Reserve Bank of Richmond.
- Gara M. Afonso & Roc Armenter & Benjamin Lester, 2018. "A model of the federal funds market: yesterday, today, and tomorrow," Staff Reports 840, Federal Reserve Bank of New York.
- 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 96/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
- van Wijnbergen, Sweder & Jakucionyte, Egle, 2018. "Unclogging the Credit Channel: on the Macroeconomics of Banking frictions," CEPR Discussion Papers 12729, C.E.P.R. Discussion Papers.
- Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2017. "Liquidity Risk, Credit Risk and the Money Multiplier," Working Papers 2017_09, Business School - Economics, University of Glasgow.
- Ghironi, Fabio & Barattieri, Alessandro & Cacciatore, Matteo, 2018. "Protectionism and the Business Cycle," CEPR Discussion Papers 12693, C.E.P.R. Discussion Papers.
- Angela Abbate & Dominik Thaler, 2018. "Monetary policy and the asset risk-taking channel," Working Papers 1805, Banco de España.
- GalÃ, Jordi & Andrade, Philippe & Le Bihan, Hervé & Matheron, Julien, 2018. "The Optimal Inflation Target and the Natural Rate of Interest," CEPR Discussion Papers 12723, C.E.P.R. Discussion Papers.
- Efrem Castelnuovo & Giovanni Pellegrino, 2017. "Uncertainty-dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation," CESifo Working Paper Series 6821, CESifo.
- Debortoli, Davide & GalÃ, Jordi & Gambetti, Luca, 2018. "On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint," CEPR Discussion Papers 12691, C.E.P.R. Discussion Papers.
- Samuel Luethi & Stefan C. Wolter, 2018. "Are Apprenticeships Business Cycle Proof?," Economics of Education Working Paper Series 0146, University of Zurich, Department of Business Administration (IBW).
- Mengus, Eric & Barthelemy, Jean, 2016. "The Signaling Effect of Raising Inflation," HEC Research Papers Series 1162, HEC Paris, revised 09 Jan 2017.
- Vegard H. Larsen & Leif Anders Thorsrud, 2018. "Business cycle narratives," Working Paper 2018/3, Norges Bank.
- Fidrmuc, Jarko & Lind, Ronja, 2017. "Macroeconomic Impact of Basel III: Evidence from a Meta-Analysis," Beiträge zur Jahrestagung 2016 (Witten/Herdecke) 175189, Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik.
- Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper 18-4, Federal Reserve Bank of Richmond.
- 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 201817, University of Pretoria, Department of Economics.
- Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper Series 2018-04, Federal Reserve Bank of San Francisco.
- Gerhard Illing & Yoshiyasu Ono & Matthias Schlegl, 2017. "Credit Booms, Debt Overhang and Secular Stagnation," CESifo Working Paper Series 6796, CESifo.
- Lise Clain-Chamosset-Yvrard, 2018. "Expectation-driven asset price fluctuations under the spirit of capitalism hypothesis: The role of heterogeneity," Working Papers 1803, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Guilherme Bandeira, 2018. "Fiscal transfers in a monetary union with sovereign risk," Working Papers 1807, Banco de España.
- Tomasz Łyziak & Xuguang Sheng, 2018. "Disagreement in consumer inflation expectations," NBP Working Papers 278, Narodowy Bank Polski.
- D'Acunto, Francesco & Hoang, Daniel & Weber, Michael, 2018. "Unconventional fiscal policy," Working Paper Series in Economics 114, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
- Noel Rapa, 2017. "Estimates of Fiscal Multipliers using MEDSEA," CBM Working Papers WP/04/2017, Central Bank of Malta.
- Roberto Bande & Marika Karanassou & Hector Sala, 2017. "Employment in Spanish regions: Cost control or growth-enhancing policies?," Working Papers 834, Queen Mary University of London, School of Economics and Finance.
- Joscha Beckmann & Robert Czudaj, 2018. "Monetary policy shocks, expectations and information rigidities," Chemnitz Economic Papers 019, Department of Economics, Chemnitz University of Technology.
- Saroj Bhattarai & Arpita Chatterjee & Woong Yong Park, 2017. "Global Spillover Effects of US Uncertainty," Discussion Papers 2017-17, School of Economics, The University of New South Wales.
- Sangyup Choi & Myungkyu Shim, 2018. "Financial vs. Policy Uncertainty in Emerging Market Economies," Working papers 2018rwp-116, Yonsei University, Yonsei Economics Research Institute.
- Michał Gradzewicz, 2018. "How do savings of different agents respond to interest rate change?," NBP Working Papers 276, Narodowy Bank Polski.
- Haroon Mumtaz & Konstantinos Theodoridis, 2017. "US financial shocks and the distribution of income and consumption in the UK," Working Papers 845, Queen Mary University of London, School of Economics and Finance.
- Roger Farmer & Pawel Zabczyk, 2018. "The Household Fallacy," National Institute of Economic and Social Research (NIESR) Discussion Papers 487, National Institute of Economic and Social Research.
- Cheng Chen & Tatsuro Senga & Chang Sun & Hongyong Zhang, 2017. "Firm Expectations and Investment: Evidence from the China-Japan Island Dispute," Working Papers 838, Queen Mary University of London, School of Economics and Finance.
- Xiaoshan Chen & Campbell Leith & Matta Ricci, 2018. "Debt Sustainability and Welfare along an Optimal Laffer Curve," Working Papers 2018-01, Business School - Economics, University of Glasgow.
- Peter Kriesler & G. C. Harcourt & Joseph Halevi, 2018. "Central Bank Independence Revisited," Discussion Papers 2018-01, School of Economics, The University of New South Wales.
- Reuben Ellul, 2017. "Correlation between Maltese and euro area sovereign bond yields," CBM Working Papers WP/03/2017, Central Bank of Malta.
- Mawuli Segnon & Stelios Bekiros & Bernd Wilfling, 2018. "Forecasting Inflation Uncertainty in the G7 Countries," CQE Working Papers 7118, Center for Quantitative Economics (CQE), University of Muenster.
- Fabrice Collard & Sujoy Mukerji & Kevin Sheppard & Jean-Marc Tallon, 2017. "Ambiguity and the historical equity premium," Working Papers 835, Queen Mary University of London, School of Economics and Finance.
- András Fülöp & Zalán Kocsis, 2018. "News- Based Indices on Country Fundamentals: Do They Help Explain Sovereign Credit Spread Fluctuations?," MNB Working Papers 2018/1, Magyar Nemzeti Bank (Central Bank of Hungary).
- Miroslav Gabrovski & Victor Ortego-Marti, 2018. "Housing Market Dynamics with Search Frictions," Working Papers 201804, University of California at Riverside, Department of Economics.
- Giovanni Angelini & Emanuele Bacchiocchi & Giovanni Caggiano & Luca Fanelli, 2017. "Uncertainty Across Volatility Regimes," CESifo Working Paper Series 6799, CESifo.
- Tatiana Kirsanova & Celsa Machado & Ana Paula Ribeiro, 2017. "Should the ECB coordinate EMU fiscal policies?," Working Papers 2018-02, Business School - Economics, University of Glasgow.
- Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2018. "Uncertainty and Economic Activity: A Multi-Country Perspective," NBER Working Papers 24325, National Bureau of Economic Research, Inc.
- Haroon Mumtaz & Laura Sunder-Plassmann, 2017. "Non-linear effects of government spending shocks in the US. Evidence from state-level data," Working Papers 841, Queen Mary University of London, School of Economics and Finance.
- International Monetary Fund, 2018. "Cameroon; First Review Under the Extended Credit Facility Arrangement Requests for Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria-Press Release; Staff Repo," IMF Staff Country Reports 18/9, International Monetary Fund.
- International Monetary Fund, 2017. "Sudan; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sudan," IMF Staff Country Reports 17/364, International Monetary Fund.
- 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 573, Cedeplar, Universidade Federal de Minas Gerais.
- Robert Duval-Hernandez & Lei Fang & L. Rachel Ngai, 2018. "Social Subsidies and Marketization: the role of gender and skill," Discussion Papers 1804, Centre for Macroeconomics (CFM).
- Joshua Abel & Andreas Fuster, 2018. "How do mortgage refinances affect debt, default, and spending? Evidence from HARP," Staff Reports 841, Federal Reserve Bank of New York.
- Thomas M. Eisenbach & Gregory Phelan, 2018. "Cournot Fire Sales," Staff Reports 837, Federal Reserve Bank of New York.
- Radoslawa Nikolowa & Daniel Ferreira, 2018. "How to Sell Jobs," Working Papers 846, Queen Mary University of London, School of Economics and Finance.
- Rebucci, Alessandro & Cesa-Bianchi, Ambrogio & Pesaran, M. Hashem, 2018. "Uncertainty and Economic Activity: A Multi-Country Perspective," CEPR Discussion Papers 12713, C.E.P.R. Discussion Papers.
- 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 2017:28, IFAU - Institute for Evaluation of Labour Market and Education Policy.
- Monisankar Bishnu & Nick L Guo & Cagri Kumru, 2018. "A Revisit to the Annuity Role of Estate Tax," ANU Working Papers in Economics and Econometrics 2018-658, Australian National University, College of Business and Economics, School of Economics.
- Leon, Costas, 2018. "An Evaluation of Singular Spectrum Analysis-Based Seasonal Adjustment," MPRA Paper 84594, University Library of Munich, Germany.
- 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 12722, C.E.P.R. Discussion Papers.
- Anna Florio, 2018. "Unmoored expectations and the price puzzle," DEM Working Papers Series 154, University of Pavia, Department of Economics and Management.
- Mario Holzner & Hermine Vidovic, 2018. "Wirtschaftliche Perspektiven für Kroatien," wiiw Research Reports in German language 9, The Vienna Institute for International Economic Studies, wiiw.
- Evans, Trevor, 2018. "The economic expansion in the US since 2009 and Donald Trump's ambitions to "drain the swamp"," IPE Working Papers 97/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
- International Monetary Fund, 2018. "Arab Republic of Egypt; 2017 Article IV Consultation, Second Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Modification of Performance Criteria-Press Release;," IMF Staff Country Reports 18/14, International Monetary Fund.
- 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 2017/04, Latvijas Banka.
- 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 ESCoE DP-2018-02, Economic Statistics Centre of Excellence (ESCoE).
- Maximo Camacho & Fernando Soto, 2018. "Consumer confidence’s boom and bust in Latin America," Working Papers 18/02, BBVA Bank, Economic Research Department.
- Konstantinos Angelopoulos & Andrea Benecchi & James Malley, 2017. "Can subsidising job-related training reduce inequality?," Working Papers 2017_10, Business School - Economics, University of Glasgow.
- Konstantinos Angelopoulos & Spyridon Lazarakis & James Malley, 2017. "Wealth inequality and externalities from ex ante skill heterogeneity," Working Papers 2017_07, Business School - Economics, University of Glasgow.
- Jasper de Jong, 2018. "The effect of fiscal announcements on interest spreads: Evidence from the Netherlands," DNB Working Papers 584, Netherlands Central Bank, Research Department.
- 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 1038, Banco de la Republica de Colombia.
- 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 1807, Universidade de Vigo, GEN - Governance and Economics research Network.
- Krueger, Dirk & Ludwig, Alexander, 2018. "Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk," CEPR Discussion Papers 12717, C.E.P.R. Discussion Papers.
- John Hatgioannides & Marika Karanassou & Hector Sala, 2017. "Should the Rich be Taxed More? The Fiscal Inequality Coefficient," Working Papers 832, Queen Mary University of London, School of Economics and Finance.
- Matteo Accornero & Mirko Moscatelli, 2018. "Listening to the buzz: social media sentiment and retail depositors' trust," Temi di discussione (Economic working papers) 1165, Bank of Italy, Economic Research and International Relations Area.
- 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 473, Central Bank of Brazil, Research Department.
- International Monetary Fund, 2018. "Tonga; 2017 Article IV Consultation-Press Release; and the Staff Report for Tonga," IMF Staff Country Reports 18/12, International Monetary Fund.
- Astrid Martínez Ortiz & Luis Alberto Zuleta & Martha Misas & Lino Jaramillo, 2016. "La competencia y la eficiencia en la banca colombiana," Libros Fedesarrollo 15211, Fedesarrollo.
- 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 6835, CESifo.
- Curtis Jr, James E, 2017. "Differences in Wealth, Education, and History," MPRA Paper 84818, University Library of Munich, Germany.
- Christian Groth & Jakub Growiec, 2018. "Do Mincerian wage equations inform how schooling influences productivity?," NBP Working Papers 279, Narodowy Bank Polski.
- 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 1806, Universidade de Vigo, GEN - Governance and Economics research Network.
- International Monetary Fund, 2018. "People's Republic of China-Hong Kong Special Administrative Region; 2017 Article IV Consultation-Press Release; Staff Report; Statement by the Executive Director for People’s Republic of China––Hong K," IMF Staff Country Reports 18/16, International Monetary Fund.
- Marika Karanassou & Hector Sala, 2017. "Distributional Consequences of Capital Accumulation, Globalisation and Financialisation in the US," Working Papers 833, Queen Mary University of London, School of Economics and Finance.
- Zeno Enders & Hendrik Hakenes, 2017. "Market Depth, Leverage, and Speculative Bubbles," CESifo Working Paper Series 6806, CESifo.
- 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 275, Federal Reserve Bank of New York.
- 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 850, Queen Mary University of London, School of Economics and Finance.
- International Monetary Fund, 2017. "Islamic Republic of Afghanistan; 2017 Article IV Consultation and Second Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staf," IMF Staff Country Reports 17/377, International Monetary Fund.
- International Monetary Fund, 2018. "Republic of Croatia; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Croatia," IMF Staff Country Reports 18/5, International Monetary Fund.
- International Monetary Fund, 2018. "Rwanda; Eighth Review Under the Policy Support Instrument and Request for Extension, and Third Review Under the Standby Credit Facility-Press Release; Staff Report; and Statement by the Executive Dire," IMF Staff Country Reports 18/13, International Monetary Fund.
- International Monetary Fund, 2017. "Finland; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland," IMF Staff Country Reports 17/370, International Monetary Fund.
- International Monetary Fund, 2018. "Sri Lanka; Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criterion-Press Release; Staff Report; and Statement by the Executiv," IMF Staff Country Reports 18/3, International Monetary Fund.
- Grillitsch, Markus & Tavassoli, Sam, 2018. "Cultural Diversity and Employment Growth: Moderating Effect of the Recent Global Financial Crisis," Papers in Innovation Studies 2018/5, Lund University, CIRCLE - Centre for Innovation Research.
- International Monetary Fund, 2018. "Uganda; Technical Assistance Report-Monetary and Foreign Exchange Operations, Recapitalization, and Act Revision," IMF Staff Country Reports 18/10, International Monetary Fund.
- Zheng, Zhijie & Huang, Chien-Yu & Yang, Yibai, 2018. "Inflation and Growth: A Non-Monotonic Relationship in an Innovation-Driven Economy," MPRA Paper 84768, University Library of Munich, Germany.
- Stefania Pozzuoli, 2018. "L'evoluzione del credito alle società non finanziarie e alle famiglie: un'analisi empririca per l'Italia," Working Papers 2, Department of the Treasury, Ministry of the Economy and of Finance.
- International Monetary Fund, 2018. "Kuwait; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait," IMF Staff Country Reports 18/21, International Monetary Fund.
- International Monetary Fund, 2018. "Republic of Tanzania; Seventh Review Under the Policy Support Instrument-Press Release; Staff Report," IMF Staff Country Reports 18/11, International Monetary Fund.
- 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 18/210, National Institute of Public Finance and Policy.
- Christoph Görtz & Plutarchos Sakellaris & John D. Tsoukalas, 2017. "Financing Lumpy Adjustment," Working Papers 2017_06, Business School - Economics, University of Glasgow.
- Ignacio Hernando & Irene Pablos & Daniel Santabárbara & Javier Vallés, 2018. "Private saving. New cross-country evidencebased on bayesian techniques," Working Papers 1802, Banco de España.
- Gilberto Tadeu Lima & Jaylson Jair da Silveira, 2018. "Macrodynamic Implications of Employee Profit Sharing as Effort Elicitation Device," Working Papers, Department of Economics 2018_02, University of São Paulo (FEA-USP).
- Brian Sykes & Amanda Geller, 2017. "Mass Incarceration and the Underground Economy in America," Working Papers wp17-03-ff, Princeton University, School of Public and International Affairs, Center for Research on Child Wellbeing..
- Hwan Jo & Tatsuro Senga, 2017. "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," Working Papers 839, Queen Mary University of London, School of Economics and Finance.
- Francis Breedon, 2018. "On the Transactions Costs of UK Quantitative Easing," Working Papers 848, Queen Mary University of London, School of Economics and Finance.
- Michal burzynski & Christoph Deuster & Frédéric Docquier, 2018. "The Geography of Talent: Development Implications and Long-Run Prospects," LIDAM Discussion Papers IRES 2018002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Bayer, Christian & Mecikovsky, Ariel & Meier, Matthias, 2018. "Misallocation: Markups and Technology," CEPR Discussion Papers 12727, C.E.P.R. Discussion Papers.
- Abdullah Gulcu & Dilem Yildirim, 2018. "Smooth Breaks And Nonlinear Mean Reversion In Real Interest Parity: Evidence From East Asian Countries," ERC Working Papers 1804, ERC - Economic Research Center, Middle East Technical University, revised Feb 2018.