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 K 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 87182, London School of Economics and Political Science, LSE Library.
• Yoshihiko Hogen & Ryoichi Okuma, 2018. "The Anchoring of Inflation Expectations in Japan: A Learning-Approach Perspective," Bank of Japan Working Paper Series 18-E-8, Bank of Japan.
• Ledenyov, Viktor O. & Ledenyov, Dimitri O., 2018. "Business Cycles in Economics," MPRA Paper 84959, University Library of Munich, Germany.
• Cavallari, Lilia, 2018. "Monetary policy with non-homothetic preferences," MPRA Paper 85147, University Library of Munich, Germany.
• Reis, Ricardo, 2017. "QE in the future: the central bank’s balance sheet in a fiscal crisis," LSE Research Online Documents on Economics 74329, London School of Economics and Political Science, LSE Library.
• Michael Cai & Marco Del Negro & Marc Giannoni & Abhi Gupta & Pearl Li & Erica Moszkowski, 2018. "DSGE forecasts of the lost recovery," Staff Reports 844, Federal Reserve Bank of New York.
• Faccini, Renato & Yashiv, Eran, 2017. "The importance of hiring frictions in business cycles," LSE Research Online Documents on Economics 87171, London School of Economics and Political Science, LSE Library.
• 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 1466, OECD Publishing.
• Levy, Daniel & Snir, Avichai, 2018. "Here Lives a Wealthy Man: Price Rigidity and Predictability in Luxury Housing Markets," MPRA Paper 85264, University Library of Munich, Germany.
• Mengus, Eric & Barthelemy, Jean, 2017. "Monetary Rules, Determinacy and Limited Enforcement," HEC Research Papers Series 1202, HEC Paris, revised 11 May 2019.
• Thórarinn G. Pétursson, 2018. "Disinflation and improved anchoring of long-term inflation expectations - The Icelandic experience," Economics wp77, Department of Economics, Central bank of Iceland.
• Olaf Posch, 2018. "Resurrecting the New-Keynesian Model: (Un)conventional Policy and the Taylor Rule," CESifo Working Paper Series 6925, CESifo.
• Sangmin Aum & Dongya Koh & Raül Santaeulàlia-Llopis, 2018. "Growth Facts with Intellectual Property Products: An Exploration of 31 OECD New National Accounts," Working Papers 1029, Barcelona School of Economics.
• Javier G. Gómez-Pineda, 2018. "A well-timed raise in inflation targets," Borradores de Economia 1042, Banco de la Republica de Colombia.
• Ramaswamy, R., 2018. "A Decade After Lehman: Taking Stock of Quantitative Easing and Regulation," Cambridge Working Papers in Economics 1824, Faculty of Economics, University of Cambridge.
• Tomas Ramanauskas & Skirmante Matkenaite & Virgilijus Rutkauskas, 2018. "Credit and money creation from the integrated accounts perspective," Bank of Lithuania Discussion Paper Series 5, Bank of Lithuania.
• Andrew Phiri & Doreen Mukuka, 2017. "Does unemployment aggravate suicide rates in South Africa? Some empirical evidence," Working Papers 1705, Department of Economics, Nelson Mandela University, 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 rdp2018-04, Reserve Bank of Australia.
• Schüler, Yves S., 2018. "Detrending and financial cycle facts across G7 countries: mind a spurious medium term!," Working Paper Series 2138, European Central Bank.
• Barrera Chaupis, Carlos, 2016. "Expectations' Dispersion & Convergence towards Central Banks' IR forecasts: Chile, Colombia, Mexico, Peru & United Kingdom, 2004-2014," MPRA Paper 85410, University Library of Munich, Germany, 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) 1803, Federal Reserve Bank of Cleveland.
• Corsetti, Giancarlo & Dedola, Luca & Leduc, Sylvain, 2018. "Exchange rate misalignment, capital flows, and optimal monetary policy trade-offs," LSE Research Online Documents on Economics 87290, London School of Economics and Political Science, LSE Library.
• 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 wp1120, Dipartimento Scienze Economiche, Universita' di Bologna.
• Brissimis, Sophocles N. & Papafilis, Michalis & Vlassopoulos, Thomas, 2018. "Some Thoughts on the External Finance Premium and the Cost of Internal Finance," MPRA Paper 85261, University Library of Munich, Germany.
• Xing, Victor, 2018. "Protectionist Trade Barriers to Threaten Policy-induced Debt Trap," MPRA Paper 84964, University Library of Munich, Germany.
• 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 1703, Department of Economics, Nelson Mandela University, revised Jul 2017.
• Landais, Bernard, 2018. "Renoncer à la théorie des zones monétaires optimales ? [Renouncing to the Optimal Currency Aera Theory ?]," MPRA Paper 85695, University Library of Munich, Germany.
• Raputsoane, Leroi, 2018. "Monetary policy coordination leader followership," MPRA Paper 85684, University Library of Munich, Germany.
• Callum Jones, 2018. "Aging, Secular Stagnation and the Business Cycle," IMF Working Papers 18/67, International Monetary Fund.
• David Leuwer & Bernd Süssmuth, 2018. "Assessing Temporary Product-Specific Subsidies: A Time Series Intervention Analysis," CESifo Working Paper Series 6946, CESifo.
• Nampasa Chella & Andrew Phiri, 2017. "Long-run cointegration between foreign direct investment, direct investment and unemployment and South Africa," Working Papers 1714, Department of Economics, Nelson Mandela University, 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 1704, Department of Economics, Nelson Mandela University, revised Jul 2017.
• Camille Cornand & Frank Heinemann, 2018. "Monetary Policy obeying the Taylor Principle Turns Prices into Strategic Substitutes," Working Papers 1805, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
• 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 ," Speech 128, Federal Reserve Bank of Boston.
• Chakraborty, Lekha & Agarwal, Samiksha, 2018. "Digital Innovations in Public Finance: An Efficient Use of Resources," MPRA Paper 85219, University Library of Munich, Germany.
• Shirota, Toyoichiro, 2018. "What is the Major Source of Business Cycles : Spillovers from Land Prices, Investment Shocks, or Anything Else?," Discussion paper series. A 323, Graduate School of Economics and Business Administration, Hokkaido University.
• 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 18/05, BBVA Bank, Economic Research Department.
• Rod Tyers & Yixiao Zhou, 2018. "Deflation forces and inequality," CAMA Working Papers 2018-15, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ray C. Fair, 2018. "Explaining theSlowU.S.Recovery: 2010'2017," Cowles Foundation Discussion Papers 2124, Cowles Foundation for Research in Economics, Yale University.
• Andrew Phiri, 2017. "Inflation persistence in BRICS countries: A quantile autoregressive (QAR) approach," Working Papers 1702, Department of Economics, Nelson Mandela University, revised Jul 2017.
• Sweder van Wijnbergen, 2018. "Real interest rates, exchange rates and the ZLB: on Secular Stagnation," Tinbergen Institute Discussion Papers 18-032/VI, Tinbergen Institute, revised 28 Oct 2018.
• Fabiano Schivardi & Enrico Sette & Guido Tabellini, 2018. "Credit Misallocation During the European Financial Crisis," Working Papers LuissLab 18139, Dipartimento di Economia e Finanza, LUISS Guido Carli.
• Pugsley, Benjamin W. & Sedlacek, Petr & Sterk, Vincent, 2017. "The nature of firm growth," LSE Research Online Documents on Economics 87173, London School of Economics and Political Science, LSE Library.
• Zhiguo He & Arvind Krishnamurthy, 2018. "Intermediary Asset Pricing and the Financial Crisis," NBER Working Papers 24415, National Bureau of Economic Research, Inc.
• Patrick Blagrave & Giang Ho & Ksenia Koloskova & Esteban Vesperoni, 2017. "Fiscal Spillovers; The Importance of Macroeconomic and Policy Conditions in Transmission," IMF Spillover Notes 17/02, International Monetary Fund.
• George Abuselidze, 2018. "Optimal Fiscal Policy � Factors for the Formation of the Optimal Economic and Social Models," GATR Journals jber153, Global Academy of Training and Research (GATR) Enterprise.
• Carolina Osorio Buitron & Esteban Vesperoni, 2016. "Spillover Implications of Differences in Monetary Conditions in the United States and the Euro Area," IMF Spillover Notes 16/01, International Monetary Fund.
• Clement Moyo & Pierre Le Roux, 2018. "Interest rate reforms and economic growth: the savings and investment channel," Working Papers 1813, Department of Economics, Nelson Mandela University, revised Mar 2018.
• Vegard H ghaug Larsen & Leif Anders Thorsrud, 2018. "Business cycle narratives," Working Papers No 6/2018, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
• Chenghan Hou & Bao H. Nguyen, 2018. "Understanding the US natural gas market: A Markov switching VAR approach," CAMA Working Papers 2018-14, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• He, Qichun, 2018. "Inflation and Fertility in a Schumpeterian Growth Model: Theory and Evidence," MPRA Paper 85074, University Library of Munich, Germany.
• Claudia M. Buch & Matthieu Bussiere & Linda S. Goldberg & Robert Hills, 2018. "The international transmission of monetary policy," Staff Reports 845, Federal Reserve Bank of New York.
• 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) 1167, Bank of Italy, Economic Research and International Relations Area.
• Andrea Carriero & Todd E. Clark & Massimiliano Marcellino, 2018. "Endogenous Uncertainty," Working Papers (Old Series) 1805, Federal Reserve Bank of Cleveland.
• 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 1731, DIW Berlin, German Institute for Economic Research.
• Francisco Buera & Sudipto Karmakar, 2018. "Real Effects of Financial Distress: The Role of Heterogeneity," Working Papers REM 2018/36, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Di Maggio, Marco & Kermani, Amir & Majlesi, Kaveh, 2018. "Stock Market Returns and Consumption," IZA Discussion Papers 11357, Institute of Labor Economics (IZA).
• Kevin Luo & Tomoko Kinugasa, 2018. "Counterintuitive facts regarding household saving in China: the saving glut," Discussion Papers 1815, Graduate School of Economics, Kobe University.
• van Riet, Ad, 2017. "The ECB's fight against low inflation : On the effects of ultra-low interest rates," Other publications TiSEM ec7f8a3b-a32e-42e4-8d01-7, Tilburg University, School of Economics and Management.
• Born, Benjamin & Müller, Gernot J. & Schularick, Moritz & Sedlacek, Petr, 2017. "The economic consequences of the Brexit Vote," LSE Research Online Documents on Economics 87174, London School of Economics and Political Science, LSE Library.
• Arna Olafsson & Michaela Pagel, 2018. "The Retirement-Consumption Puzzle: New Evidence from Personal Finances," NBER Working Papers 24405, National Bureau of Economic Research, Inc.
• Tafadzwa Ruzive & Thando Mkhombo & Simba Mhaka & Nomahlubi Mavikela & Andrew Phiri, 2017. "Elecricity intensity and unemployment in South Africa: A quantile regression analysis," Working Papers 1711, Department of Economics, Nelson Mandela University, revised Sep 2017.
• Anelisa Nomatye & Andrew Phiri, 2017. "Investigating the macroeconomic determinants of household debt in South Africa," Working Papers 1719, Department of Economics, Nelson Mandela University, 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 87181, London School of Economics and Political Science, LSE Library.
• Brendon, Charles & Ellison, Martin, 2018. "Time-consistently undominated policies," LSE Research Online Documents on Economics 87176, London School of Economics and Political Science, LSE Library.
• McAdam, Peter & Warne, Anders, 2018. "Euro area real-time density forecasting with financial or labor market frictions," Working Paper Series 2140, European Central Bank.
• Blattner, Tobias Sebastian & Swarbrick, Jonathan M., 2018. "Monetary policy and cross-border interbank market fragmentation: lessons from the crisis," Working Paper Series 2139, European Central Bank.
• Moyo, Clement & Le Roux, Pierre, 2018. "Interest rate reforms and economic growth: the savings and investment channel," MPRA Paper 85297, University Library of Munich, Germany.
• Philipp Heimberger, 2018. "The Dynamic Effects of Fiscal Consolidation Episodes on Income Inequality," wiiw Working Papers 147, The Vienna Institute for International Economic Studies, wiiw.
• Deepankar Basu, 2018. "Does the Steindl-Dutt Investment Function Rule Out Profit-Led Expansion?," UMASS Amherst Economics Working Papers 2018-06, University of Massachusetts Amherst, Department of Economics.
• Michal BURZYŃSKI & Christoph DEUSTER & Frédéric DOCQUIER, 2018. "The Geography of Talent: Development Implications and Long-Run Prospects," Working Papers P221, FERDI.
• Michal BURZYŃSKI & Christoph DEUSTER & Frédéric DOCQUIER, 2018. "The Geography of Talent: Development Implications and Long-Run Prospects," Working Papers P221, FERDI.
• Vuyo Pikoko & Andrew Phiri, 2018. "Is there hysteresis in South African unemployment? Evidence form the post-recessionary period," Working Papers 1803, Department of Economics, Nelson Mandela University, revised Jan 2018.
• Luc Eyraud & Xavier Debrun & Andrew Hodge & Victor Duarte Lledo & Catherine A Pattillo, 2018. "Second-Generation Fiscal Rules; Balancing Simplicity, Flexibility, and Enforceability," IMF Staff Discussion Notes 18/04, International Monetary Fund.
• Jiro Honda & Manabu Nose & Cesar Sosa Padilla & Jose L. Torres & Murna Morgan & Fernando G Im & Natalia A Koliadina, 2017. "Fiscal Rules; Coping with Revenue Volatility in Lesotho and Swaziland," IMF Departmental Papers / Policy Papers 17/05, International Monetary Fund.
• Baqaee, David Rezza & Farhi, Emmanuel, 2017. "The macroeconomic impact of microeconomic shocks: beyond Hulten's Theorem," LSE Research Online Documents on Economics 87167, London School of Economics and Political Science, LSE Library.
• Mankiw, N. Gregory & Reis, Ricardo, 2017. "Friedman's presidential address in the evolution of macroeconomic thought," LSE Research Online Documents on Economics 87163, London School of Economics and Political Science, LSE Library.
• GLUMAC Brano & HERRERA-GOMEZ Marcos & LICHERON Julien, 2018. "A residential land price index for Luxembourg: Dealing with the spatial dimension," LISER Working Paper Series 2018-07, Luxembourg Institute of Socio-Economic Research (LISER).
• Andrew Aitken & Martin Weale, 2018. "Imputation of Pension Accruals and Investment Income in Survey Data," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-05, Economic Statistics Centre of Excellence (ESCoE).
• 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 85225, University Library of Munich, Germany.
• Michele Manna & Stefano Nobili, 2018. "Banks' holdings of and trading in government bonds," Temi di discussione (Economic working papers) 1166, Bank of Italy, Economic Research and International Relations Area.
• Davide Furceri & João Tovar Jalles & Aleksandra Zdzienicka, 2016. "China Spillovers; New Evidence From Time-Varying Estimates," IMF Spillover Notes 16/07, International Monetary Fund.
• John C. Williams, 2018. "Supporting Strong, Steady, and Sustainable Growth," Speech 187, Federal Reserve Bank of San Francisco.
• Deiana, Claudio & Giua, Ludovica, 2018. "The US Opidemic: Prescription Opioids, Labour Market Conditions and Crime," MPRA Paper 85712, University Library of Munich, Germany.
• Hanedar, Avni Önder & Yaldız Hanedar, Elmas, 2017. "Stock market reactions to wars and political risks: A cliometric perspective for a falling empire," MPRA Paper 85600, University Library of Munich, Germany, revised 25 Mar 2018.
• Arun G. Chandrasekhar & Robert Townsend & Juan Pablo Xandri, 2018. "Financial Centrality and Liquidity Provision," NBER Working Papers 24406, National Bureau of Economic Research, Inc.
• Helge Berger & Giovanni Dell'Ariccia & Maurice Obstfeld, 2018. "Revisiting the Economic Case for Fiscal Union in the Euro Area," IMF Departmental Papers / Policy Papers 18/03, International Monetary Fund.
• Li Zheng & Claude Baron & Philippe Esteban & Rui Xue & Qiang Zhang, 2017. "A framework to improve performance measurement in engineering projects," Post-Print hal-01709535, HAL.
• Lucia Foster & Cheryl Grim & John C. Haltiwanger & Zoltan Wolf, 2018. "Innovation, Productivity Dispersion, and Productivity Growth," NBER Working Papers 24420, National Bureau of Economic Research, Inc.
• Marc Joëts & Valérie Mignon & Tovonony Razafindrabe, 2017. "Does the volatility of commodity prices reflect macroeconomic uncertainty?," Post-Print halshs-01683788, HAL.
• Item repec:wsr:fiwnot:y:2018:i:025 is not listed on IDEAS anymore

• Peter H. Bent, 2018. "Recovery from Financial Crises in Peripheral Economies, 1870-1913," CEH Discussion Papers 07, Centre for Economic History, Research School of Economics, Australian National University.
• Majumder, Rajarshi & Mukherjee, Dipa & Ray, Jhilam, 2017. "Education and labour market: estimating future skill gap in India," MPRA Paper 85439, University Library of Munich, Germany, revised 2018.
• Michal Andrle & Alvar Kangur & Mehdi Raissi, 2018. "Italy: Quantifying the Benefits of a Comprehensive Reform Package," IMF Working Papers 18/60, International Monetary Fund.
• Christian Catalini & Joshua S. Gans, 2018. "Initial Coin Offerings and the Value of Crypto Tokens," NBER Working Papers 24418, National Bureau of Economic Research, Inc.
• Miroudot, Sébastien & ye, ming, 2018. "Tracing value-added and double counting in sales of foreign affiliates and domestic-owned companies," MPRA Paper 85723, University Library of Munich, Germany.
• 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 031821, Russian Presidential Academy of National Economy and Public Administration.
• Jesus R Gonzalez-Garcia & Ermal Hitaj & Montfort Mlachila & Arina Viseth & Mustafa Yenice, 2016. "Sub-Saharan African Migration; Patterns and Spillovers," IMF Spillover Notes 16/09, International Monetary Fund.
• Shantanu Bagchi & James Feigenbaum, 2018. "Annuity Markets and Capital Accumulation," Working Papers 2018-02, Towson University, Department of Economics, 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 6948, CESifo.
• Rutger-Jan Lange & Coen Teulings, 2018. "The option value of vacant land and the optimal timing of city extensions," Tinbergen Institute Discussion Papers 18-033/III, Tinbergen Institute.
• Maxim Pinkovskiy & Xavier Sala-i-Martin, 2018. "Shining a Light on Purchasing Power Parities," NBER Working Papers 24419, National Bureau of Economic Research, Inc.
• Mauro Napoletano, 2017. "Les modèles multi-agents et leurs conséquences pour l’analyse macroéconomique," Post-Print hal-01701454, HAL.
• 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 ESCoE DP-2018-03, Economic Statistics Centre of Excellence (ESCoE).
• Ngondo, Mashilana & Khobai, Hlalefang, 2018. "The impact of exchange rate on exports in South Africa," MPRA Paper 85079, University Library of Munich, Germany.