Report NEP-MAC-2018-04-16

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:

• Corsetti, Giancarlo & Duarte, Joao B. & Mann, Samuel, 2018, "One money, many markets: a factor model approach to monetary policy in the Euro Area with high-frequency identification," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87182, Feb.
• Yoshihiko Hogen & Ryoichi Okuma, 2018, "The Anchoring of Inflation Expectations in Japan: A Learning-Approach Perspective," Bank of Japan Working Paper Series, Bank of Japan, number 18-E-8, Apr.
• Ledenyov, Viktor O. & Ledenyov, Dimitri O., 2018, "Business Cycles in Economics," MPRA Paper, University Library of Munich, Germany, number 84959, Mar.
• Cavallari, Lilia, 2018, "Monetary policy with non-homothetic preferences," MPRA Paper, University Library of Munich, Germany, number 85147, Feb.
• Reis, Ricardo, 2017, "QE in the future: the central bank’s balance sheet in a fiscal crisis," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 74329, Apr.
• Michael Cai & Marco Del Negro & Marc Giannoni & Abhi Gupta & Pearl Li & Erica Moszkowski, 2018, "DSGE forecasts of the lost recovery," Staff Reports, Federal Reserve Bank of New York, number 844, Mar.
• Faccini, Renato & Yashiv, Eran, 2017, "The importance of hiring frictions in business cycles," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87171, Nov.
• Patrice Ollivaud & Yvan Guillemette & David Turner, 2018, "Investment as a transmission mechanism from weak demand to weak supply and the post-crisis productivity slowdown," OECD Economics Department Working Papers, OECD Publishing, number 1466, Apr, DOI: 10.1787/0c62cc26-en.
• Levy, Daniel & Snir, Avichai, 2018, "Here Lives a Wealthy Man: Price Rigidity and Predictability in Luxury Housing Markets," MPRA Paper, University Library of Munich, Germany, number 85264, Feb.
• Mengus, Eric & Barthelemy, Jean, 2017, "Monetary Rules, Determinacy and Limited Enforcement," HEC Research Papers Series, HEC Paris, number 1202, May, revised 11 May 2019, DOI: 10.2139/ssrn.2962259.
• Thórarinn G. Pétursson, 2018, "Disinflation and improved anchoring of long-term inflation expectations - The Icelandic experience," Economics, Department of Economics, Central bank of Iceland, number wp77, Mar.
• Olaf Posch, 2018, "Resurrecting the New-Keynesian Model: (Un)conventional Policy and the Taylor Rule," CESifo Working Paper Series, CESifo, number 6925.
• Sangmin Aum & Dongya Koh & Raül Santaeulàlia-Llopis, 2018, "Growth Facts with Intellectual Property Products: An Exploration of 31 OECD New National Accounts," Working Papers, Barcelona School of Economics, number 1029, Mar.
• Javier G. Gómez-Pineda, 2018, "A well-timed raise in inflation targets," Borradores de Economia, Banco de la Republica de Colombia, number 1042, Apr, DOI: 10.32468/be.1042.
• Ramaswamy, R., 2018, "A Decade After Lehman: Taking Stock of Quantitative Easing and Regulation," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1824, Apr.
• Tomas Ramanauskas & Skirmante Matkenaite & Virgilijus Rutkauskas, 2018, "Credit and money creation from the integrated accounts perspective," Bank of Lithuania Discussion Paper Series, Bank of Lithuania, number 5, Apr.
• Andrew Phiri & Doreen Mukuka, 2017, "Does unemployment aggravate suicide rates in South Africa? Some empirical evidence," Working Papers, Department of Economics, Nelson Mandela University, number 1705, Jul, revised Jul 2017.
• Christopher G Gibbs & Jonathan Hambur & Gabriela Nodari, 2018, "DSGE Reno: Adding a Housing Block to a Small Open Economy Model," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2018-04, Apr.
• Schüler, Yves S., 2018, "Detrending and financial cycle facts across G7 countries: mind a spurious medium term!," Working Paper Series, European Central Bank, number 2138, Mar.
• Barrera Chaupis, Carlos, 2016, "Expectations' Dispersion & Convergence towards Central Banks' IR forecasts: Chile, Colombia, Mexico, Peru & United Kingdom, 2004-2014," MPRA Paper, University Library of Munich, Germany, number 85410, Jul, revised 12 Dec 2016.
• Andrea Carriero & Todd E. Clark & Massimiliano Marcellino, 2018, "Assessing International Commonality in Macroeconomic Uncertainty and Its Effects," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1803, Mar, DOI: 10.26509/frbc-wp-201803.
• Corsetti, Giancarlo & Dedola, Luca & Leduc, Sylvain, 2018, "Exchange rate misalignment, capital flows, and optimal monetary policy trade-offs," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87290, Mar.
• R. Golinelli & I. Mammi & A. Musolesi, 2018, "Parameter heterogeneity, persistence and cross-sectional dependence: new insights on fiscal policy reaction functions for the Euro area," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp1120, Apr.
• Brissimis, Sophocles N. & Papafilis, Michalis & Vlassopoulos, Thomas, 2018, "Some Thoughts on the External Finance Premium and the Cost of Internal Finance," MPRA Paper, University Library of Munich, Germany, number 85261, Feb.
• Xing, Victor, 2018, "Protectionist Trade Barriers to Threaten Policy-induced Debt Trap," MPRA Paper, University Library of Munich, Germany, number 84964, Mar.
• Hlalefang Khobai & Nicolene Hamman & Thando Mkhombo & Simba Mhaka & Nomahlubi Mavikela & Andrew Phiri, 2017, "The FDI-growth nexus in South Africa: A re-examination using quantile regression approach," Working Papers, Department of Economics, Nelson Mandela University, number 1703, Jul, revised Jul 2017.
• Landais, Bernard, 2018, "Renoncer à la théorie des zones monétaires optimales ?
  [Renouncing to the Optimal Currency Aera Theory ?]," MPRA Paper, University Library of Munich, Germany, number 85695, Apr.
• Raputsoane, Leroi, 2018, "Monetary policy coordination leader followership," MPRA Paper, University Library of Munich, Germany, number 85684, Apr.
• Item repec:imf:imfwpa:18/67 is not listed on IDEAS anymore

• David Leuwer & Bernd Süssmuth, 2018, "Assessing Temporary Product-Specific Subsidies: A Time Series Intervention Analysis," CESifo Working Paper Series, CESifo, number 6946.
• Nampasa Chella & Andrew Phiri, 2017, "Long-run cointegration between foreign direct investment, direct investment and unemployment and South Africa," Working Papers, Department of Economics, Nelson Mandela University, number 1714, Nov, revised Nov 2017.
• Nwabisa Kolisi & Andrew Phiri, 2017, "Changes in the relationshp between interest rates and housing prices in South Africa around the 2007 financial crisis," Working Papers, Department of Economics, Nelson Mandela University, number 1704, Jul, revised Jul 2017.
• Camille Cornand & Frank Heinemann, 2018, "Monetary Policy obeying the Taylor Principle Turns Prices into Strategic Substitutes," Working Papers, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon, number 1805.
• Eric Rosengren, 2018, "Perspectives on the economy and Fed policy: why continuing to remove monetary accommodation is appropriate: remarks at the Springfield Regional Chamber Outlook 2018, Springfield, Massachusetts, March 9, 2018," Speech, Federal Reserve Bank of Boston, number 128, Mar.
• Chakraborty, Lekha & Agarwal, Samiksha, 2018, "Digital Innovations in Public Finance: An Efficient Use of Resources," MPRA Paper, University Library of Munich, Germany, number 85219.
• Shirota, Toyoichiro, 2018, "What is the Major Source of Business Cycles : Spillovers from Land Prices, Investment Shocks, or Anything Else?," Discussion paper series. A, Graduate School of Economics and Business Administration, Hokkaido University, number 323, Mar.
• Noelia Camara & Enestor Dos Santos & Francisco Grippa & Javier Sebastian & Fernando Soto & Cristina Varela, 2018, "Monedas digitales emitidas por bancos centrales: una valoracion de su adopcion en LatAm," Working Papers, BBVA Bank, Economic Research Department, number 18/05, Apr.
• Rod Tyers & Yixiao Zhou, 2018, "Deflation Forces and Inequality," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2018-15, Apr.
• Ray C. Fair, 2018, "Explaining theSlowU.S.Recovery: 2010'2017," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2124, Mar.
• Andrew Phiri, 2017, "Inflation persistence in BRICS countries: A quantile autoregressive (QAR) approach," Working Papers, Department of Economics, Nelson Mandela University, number 1702, Jul, revised Jul 2017.
• Sweder van Wijnbergen, 2018, "Real interest rates, exchange rates and the ZLB: on Secular Stagnation," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 18-032/VI, Mar, revised 28 Oct 2018.
• Fabiano Schivardi & Enrico Sette & Guido Tabellini, 2018, "Credit Misallocation During the European Financial Crisis," Working Papers LuissLab, Dipartimento di Economia e Finanza, LUISS Guido Carli, number 18139.
• Pugsley, Benjamin W. & Sedlacek, Petr & Sterk, Vincent, 2017, "The nature of firm growth," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87173, Nov.
• Zhiguo He & Arvind Krishnamurthy, 2018, "Intermediary Asset Pricing and the Financial Crisis," NBER Working Papers, National Bureau of Economic Research, Inc, number 24415, Mar.
• Item repec:imf:imfson:17/02 is not listed on IDEAS anymore

• George Abuselidze, 2018, "Optimal Fiscal Policy � Factors for the Formation of the Optimal Economic and Social Models," GATR Journals, Global Academy of Training and Research (GATR) Enterprise, number jber153, Feb.
• Item repec:imf:imfson:16/01 is not listed on IDEAS anymore

• Clement Moyo & Pierre Le Roux, 2018, "Interest rate reforms and economic growth: the savings and investment channel," Working Papers, Department of Economics, Nelson Mandela University, number 1813, Mar, revised Mar 2018.
• Vegard H ghaug Larsen & Leif Anders Thorsrud, 2018, "Business cycle narratives," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 6/2018, Apr.
• Chenghan Hou & Bao H. Nguyen, 2018, "Understanding the US Natural Gas Market: A Markov Switching VAR Approach," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2018-14, Apr.
• He, Qichun, 2018, "Inflation and Fertility in a Schumpeterian Growth Model: Theory and Evidence," MPRA Paper, University Library of Munich, Germany, number 85074, Mar.
• Claudia M. Buch & Matthieu Bussiere & Linda S. Goldberg & Robert Hills, 2018, "The international transmission of monetary policy," Staff Reports, Federal Reserve Bank of New York, number 845, Mar.
• Claire Giordano & Marco Marinucci & Andrea Silvestrini, 2018, "Firms’ and households’ investment in Italy: the role of credit constraints and other macro factors," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1167, Mar.
• Andrea Carriero & Todd E. Clark & Massimiliano Marcellino, 2018, "Endogenous Uncertainty," Working Papers (Old Series), Federal Reserve Bank of Cleveland, number 1805, Mar, DOI: 10.26509/frbc-wp-201805.
• Guglielmo Maria Caporale & Luis A. Gil-Alana & Tommaso Trani, 2018, "On the Persistence of UK Inflation: A Long-Range Dependence Approach," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1731.
• Francisco Buera & Sudipto Karmakar, 2018, "Real Effects of Financial Distress: The Role of Heterogeneity," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2018/36, Apr.
• Di Maggio, Marco & Kermani, Amir & Majlesi, Kaveh, 2018, "Stock Market Returns and Consumption," IZA Discussion Papers, IZA Network @ LISER, number 11357, Feb.
• Kevin Luo & Tomoko Kinugasa, 2018, "Counterintuitive facts regarding household saving in China: the saving glut," Discussion Papers, Graduate School of Economics, Kobe University, number 1815, Apr.
• van Riet, Ad, 2017, "The ECB's fight against low inflation : On the effects of ultra-low interest rates," Other publications TiSEM, Tilburg University, School of Economics and Management, number ec7f8a3b-a32e-42e4-8d01-7.
• Born, Benjamin & Müller, Gernot J. & Schularick, Moritz & Sedlacek, Petr, 2017, "The economic consequences of the Brexit Vote," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87174, Nov.
• Arna Olafsson & Michaela Pagel, 2018, "The Retirement-Consumption Puzzle: New Evidence from Personal Finances," NBER Working Papers, National Bureau of Economic Research, Inc, number 24405, Mar.
• Tafadzwa Ruzive & Thando Mkhombo & Simba Mhaka & Nomahlubi Mavikela & Andrew Phiri, 2017, "Elecricity intensity and unemployment in South Africa: A quantile regression analysis," Working Papers, Department of Economics, Nelson Mandela University, number 1711, Sep, revised Sep 2017.
• Anelisa Nomatye & Andrew Phiri, 2017, "Investigating the macroeconomic determinants of household debt in South Africa," Working Papers, Department of Economics, Nelson Mandela University, number 1719, Dec, revised Dec 2017.
• Duval-Hernandez, Robert & Fang, Lei & Ngai, L. Rachel, 2018, "Social subsidies and marketization - the role of gender and skill," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87181, Feb.
• Brendon, Charles & Ellison, Martin, 2018, "Time-consistently undominated policies," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87176, Jan.
• McAdam, Peter & Warne, Anders, 2018, "Euro area real-time density forecasting with financial or labor market frictions," Working Paper Series, European Central Bank, number 2140, Apr.
• Blattner, Tobias Sebastian & Swarbrick, Jonathan M., 2018, "Monetary policy and cross-border interbank market fragmentation: lessons from the crisis," Working Paper Series, European Central Bank, number 2139, Apr.
• Moyo, Clement & Le Roux, Pierre, 2018, "Interest rate reforms and economic growth: the savings and investment channel," MPRA Paper, University Library of Munich, Germany, number 85297, Mar.
• Philipp Heimberger, 2018, "The Dynamic Effects of Fiscal Consolidation Episodes on Income Inequality," wiiw Working Papers, The Vienna Institute for International Economic Studies, wiiw, number 147, Apr.
• Deepankar Basu, 2018, "Does the Steindl-Dutt Investment Function Rule Out Profit-Led Expansion?," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics, number 2018-06.
• Michal BURZYŃSKI & Christoph DEUSTER & Frédéric DOCQUIER, 2018, "The Geography of Talent: Development Implications and Long-Run Prospects," Working Papers, FERDI, number P221, Mar.
• Michal BURZYŃSKI & Christoph DEUSTER & Frédéric DOCQUIER, 2018, "The Geography of Talent: Development Implications and Long-Run Prospects," Working Papers, FERDI, number P221, Mar.
• Vuyo Pikoko & Andrew Phiri, 2018, "Is there hysteresis in South African unemployment? Evidence form the post-recessionary period," Working Papers, Department of Economics, Nelson Mandela University, number 1803, Jan, revised Jan 2018.
• Item repec:imf:imfsdn:18/04 is not listed on IDEAS anymore

• Item repec:imf:imfdep:17/05 is not listed on IDEAS anymore

• Baqaee, David Rezza & Farhi, Emmanuel, 2017, "The macroeconomic impact of microeconomic shocks: beyond Hulten's Theorem," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87167, Jun.
• Mankiw, N. Gregory & Reis, Ricardo, 2017, "Friedman's presidential address in the evolution of macroeconomic thought," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87163, Nov.
• GLUMAC Brano & HERRERA-GOMEZ Marcos & LICHERON Julien, 2018, "A residential land price index for Luxembourg: Dealing with the spatial dimension," LISER Working Paper Series, Luxembourg Institute of Socio-Economic Research (LISER), number 2018-07, Apr.
• Andrew Aitken & Martin Weale, 2018, "Imputation of Pension Accruals and Investment Income in Survey Data," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2018-05, Mar.
• Chakraborty, Lekha S & Singh, Yadawendra, 2018, "Fiscal Policy, as the “Employer of Last Resort”: Impact of Direct fiscal transfer (MGNREGA) on Labour Force Participation Rates in India," MPRA Paper, University Library of Munich, Germany, number 85225.
• Michele Manna & Stefano Nobili, 2018, "Banks' holdings of and trading in government bonds," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1166, Mar.
• Item repec:imf:imfson:16/07 is not listed on IDEAS anymore

• John C. Williams, 2018, "Supporting Strong, Steady, and Sustainable Growth," Speech, Federal Reserve Bank of San Francisco, number 187, Apr.
• Deiana, Claudio & Giua, Ludovica, 2018, "The US Opidemic: Prescription Opioids, Labour Market Conditions and Crime," MPRA Paper, University Library of Munich, Germany, number 85712, Mar.
• Hanedar, Avni Önder & Yaldız Hanedar, Elmas, 2017, "Stock market reactions to wars and political risks: A cliometric perspective for a falling empire," MPRA Paper, University Library of Munich, Germany, number 85600, Feb, revised 25 Mar 2018.
• Arun G. Chandrasekhar & Robert Townsend & Juan Pablo Xandri, 2018, "Financial Centrality and Liquidity Provision," NBER Working Papers, National Bureau of Economic Research, Inc, number 24406, Mar.
• Item repec:imf:imfdep:18/03 is not listed on IDEAS anymore

• Li Zheng & Claude Baron & Philippe Esteban & Rui Xue & Qiang Zhang, 2017, "A framework to improve performance measurement in engineering projects," Post-Print, HAL, number hal-01709535, Dec, DOI: 10.1002/inst.12180.
• Lucia Foster & Cheryl Grim & John C. Haltiwanger & Zoltan Wolf, 2018, "Innovation, Productivity Dispersion, and Productivity Growth," NBER Working Papers, National Bureau of Economic Research, Inc, number 24420, Mar.
• Marc Joëts & Valérie Mignon & Tovonony Razafindrabe, 2017, "Does the volatility of commodity prices reflect macroeconomic uncertainty?," Post-Print, HAL, number halshs-01683788, Oct, DOI: 10.1016/j.eneco.2017.09.017.
• Cornelius Hirsch & Roman Stöllinger, 2018, "FIW Note No. 25 - März 2018," FIW Notes series, FIW, number 025, Mar.
• Peter H. Bent, 2018, "Recovery from Financial Crises in Peripheral Economies, 1870-1913," CEH Discussion Papers, Centre for Economic History, Research School of Economics, Australian National University, number 07, Apr.
• Majumder, Rajarshi & Mukherjee, Dipa & Ray, Jhilam, 2017, "Education and labour market: estimating future skill gap in India," MPRA Paper, University Library of Munich, Germany, number 85439, revised 2018.
• Item repec:imf:imfwpa:18/60 is not listed on IDEAS anymore

• Christian Catalini & Joshua S. Gans, 2018, "Initial Coin Offerings and the Value of Crypto Tokens," NBER Working Papers, National Bureau of Economic Research, Inc, number 24418, Mar.
• Miroudot, Sébastien & ye, ming, 2018, "Tracing value-added and double counting in sales of foreign affiliates and domestic-owned companies," MPRA Paper, University Library of Munich, Germany, number 85723, Mar.
• Alexeev, Michael (Алексеев, Майкл) & Arlashkin, Igor (Арлашкин, Игорь) & Barbashiova, Natalya (Барбашова, Наталья) & Deryugin, Alexander (Дерюгин, Александр) & Komarnitskaya, Anna (Комарницкая, Анна) , 2018, "Budgetary Rules at the Regional Level: Main Approaches and Recommendations
  [Бюджетные Правила На Региональном Уровне: Основные Подходы И Рекомендации]," Working Papers, Russian Presidential Academy of National Economy and Public Administration, number 031821, Mar.
• Item repec:imf:imfson:16/09 is not listed on IDEAS anymore

• Shantanu Bagchi & James Feigenbaum, 2018, "Annuity Markets and Capital Accumulation," Working Papers, Towson University, Department of Economics, number 2018-02, Apr, revised Apr 2018.
• Roberto Bonfatti & Luis A. Bryce Campodonico & Luigi Pisano, 2018, "Reconciling the Original Schumpeterian Model with the Observed Inverted-U Relationship between Competition and Innovation," CESifo Working Paper Series, CESifo, number 6948.
• Rutger-Jan Lange & Coen Teulings, 2018, "The option value of vacant land and the optimal timing of city extensions," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 18-033/III, Mar.
• Maxim Pinkovskiy & Xavier Sala-i-Martin, 2018, "Shining a Light on Purchasing Power Parities," NBER Working Papers, National Bureau of Economic Research, Inc, number 24419, Mar.
• Mauro Napoletano, 2017, "Les modèles multi-agents et leurs conséquences pour l’analyse macroéconomique," Post-Print, HAL, number hal-01701454, Dec, DOI: 10.3917/reof.153.0289.
• Alastair Greig & Katerina Lisenkova & Graeme Roy, 2018, "A Data Map of Existing UK Data Sources Related to Regional Trade," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2018-03, Mar.
• Ngondo, Mashilana & Khobai, Hlalefang, 2018, "The impact of exchange rate on exports in South Africa," MPRA Paper, University Library of Munich, Germany, number 85079, Mar.

Report NEP-MAC-2018-04-16

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: