Report NEP-MAC-2018-04-23

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:

• Hasumi, Ryo & Iiboshi, Hirokuni & Matsumae, Tatsuyoshi & Nakamura, Daisuke, 2018, "Does a financial accelerator improve forecasts during financial crises?: Evidence from Japan with Prediction Pool Methods," MPRA Paper, University Library of Munich, Germany, number 85523, Mar.
• Lucio Gobbi & Ronny Mazzocchi & Roberto Tamborini, 2018, "Monetary policy, de-anchoring of inflation expectations, and the 'new normal'," DEM Working Papers, Department of Economics and Management, number 2018/04.
• Edward C. Prescott & Ryan Wessel, 2018, "Money in the Production Function," Staff Report, Federal Reserve Bank of Minneapolis, number 562, Apr, DOI: 10.21034/sr.562.
• David Andolfatto & Fernando M. Martin, 2018, "Monetary Policy and Liquid Government Debt," Working Papers, Federal Reserve Bank of St. Louis, number 2018-2, Jan, DOI: 10.20955/wp.2018.002.
• Roth, Felix & Baake, Edgar & Jonung, Lars & Nowak-Lehmann, Felicitas, 2018, "Revisiting Public Support for the Euro, 1999-2017: Accounting for the Crisis and the Recovery," Working Papers, Lund University, Department of Economics, number 2018:9, Apr.
• Ricardo Reis, 2018, "Central Banks Going Long," Discussion Papers, Centre for Macroeconomics (CFM), number 1810, Mar.
• KANAZAWA, Nobuyuki & 金澤, 伸幸, 2018, "The Public Investment Multipliers: Evidence from Stock Returns of Narrowly Defined Industry in Japan," Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University, number HIAS-E-66, Mar.
• Paul Wohlfarth, 2018, "Measuring the Impact of Monetary Policy Attention on Global Asset Volatility Using Search Data," Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics, number 1803, Mar.
• Nicola Acocella & Giorgio Alleva & Elton Beqiraj & Giovanni Di Bartolomeo & Fabio Di Dio & Marco Di Pietro & Francesco Felici & Brunero Liseo, 2018, "A stochastic estimated version of the Italian dynamic General Equilibrium Model (IGEM)," Working Papers, Department of the Treasury, Ministry of the Economy and of Finance, number 3, Apr.
• Rampini, Adriano A. & Viswanathan, S., 2018, "Financial Intermediary Capital," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12800, Mar.
• Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018, "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Papers, Federal Reserve Bank of St. Louis, number 2018-004, Mar, revised 03 Feb 2022, DOI: 10.20955/wp.2018.004.
• Item repec:bof:bofrdp:2018_008 is not listed on IDEAS anymore

• Bilbiie, Florin, 2018, "Complementarity, Income, and Substitution: A U(C,N) Utility for Macro," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12812, Mar.
• Luisa Corrado & Tobias Schuler, 2018, "Financial Bubbles in Interbank Lending," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 260.
• Luisa Corrado & Tobias Schuler, 2018, "Financial Bubbles in Interbank Lending," CEIS Research Paper, Tor Vergata University, CEIS, number 427, Apr, revised 06 Apr 2018.
• Hasumi, Ryo & Iibsoshi, Hirokuni & Nakamura, Daisuke, 2018, "Trends, Cycles and Lost Decades: Decomposition from a DSGE Model with Endogenous Growth," MPRA Paper, University Library of Munich, Germany, number 85521, Jan.
• Hasumi, Ryo & Iiboshi, Hirokuni & Nakamura, Daisuke, 2017, "R&D Growth and Business Cycles Measured with an Endogenous Growth DSGE Model," MPRA Paper, University Library of Munich, Germany, number 85525, Aug.
• Wolters, Maik Hendrik, 2018, "How the baby boomers' retirement wave distorts model-based output gap estimates," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 121.
• Paul Wohlfarth & Xiaohong Chen, 2018, "The Effect of Monetary Policy on Global Fixed Income Covariances," Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics, number 1801, Feb.
• Cortney Rodet & Andrew Smyth, 2018, "Experimental Evidence on the Cyclicality of Investment," Working Papers, Chapman University, Economic Science Institute, number 18-02.
• Adeleye, Ngozi & Osabuohien, Evans & Bowale, Ebenezer & Matthew, Oluwatoyin & Oduntan, Emmanuel, 2017, "Financial reforms and credit growth in Nigeria: Empirical insights from ARDL and ECM techniques," MPRA Paper, University Library of Munich, Germany, number 85351.
• Machiel van Dijk & Andrei Dubovik, 2018, "Effects of Unconventional Monetary Policy on European Corporate Credit," CPB Discussion Paper, CPB Netherlands Bureau for Economic Policy Analysis, number 372, Feb.
• Item repec:imf:imfwpa:18/81 is not listed on IDEAS anymore

• Hipòlit Torró, 2018, "The Response of European Energy Prices to ECB Monetary Policy," Working Papers, Fondazione Eni Enrico Mattei, number 2018.09, Mar.
• Michele Cavallo & Marco Del Negro & W. Scott Frame & Jamie Grasing & Benjamin A. Malin & Carlo Rosa, 2018, "Fiscal Implications of the Federal Reserve's Balance Sheet Normalization," Working Papers, Federal Reserve Bank of Minneapolis, number 747, Jan, DOI: 10.21034/wp.747.
• David Kohn & Fernando Leibovici & Håkon Tretvoll, 2018, "Trade in Commodities and Business Cycle Volatility," Working Papers, Federal Reserve Bank of St. Louis, number 2018-5, Jul, DOI: 10.20955/wp.2018.005.
• Pedro Mazeda Gil & Gustavo Iglésias,, 2018, "Endogenous Growth and Real Effects of Monetary Policy: R&D and Physical Capital Complementarities in a Cash-in-Advance Economy," CEF.UP Working Papers, Universidade do Porto, Faculdade de Economia do Porto, number 1802, Apr.
• Ryo Arawatari & Tetsuo Ono, 2016, "Age Gap in Voter Turnout and Size of Government Debt," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 16-24-Rev., Oct, revised Feb 2018.
• Item repec:imf:imfdep:18/06 is not listed on IDEAS anymore

• Huber, Kilian, 2018, "Disentangling the effects of a banking crisis: evidence from German firms and counties," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87410, Mar.
• Gilbert Cette & Jimmy Lopez & Jacques Mairesse, 2018, "Rent Creation and Sharing: New Measures and Impactson TFP," NBER Working Papers, National Bureau of Economic Research, Inc, number 24426, Mar.
• Elmar Mertens & James M. Nason, 2018, "Inflation and professional forecast dynamics: an evaluation of stickiness, persistence, and volatility," BIS Working Papers, Bank for International Settlements, number 713, Apr.
• Eric Rosengren, 2018, "The U. S. economy: an optimistic outlook, but with some important risks: remarks at the Greater Boston Chamber of Commerce Economic Outlook Breakfast, Boston, Massachusetts, April 13, 2018," Speech, Federal Reserve Bank of Boston, number 131, Apr.
• Qingqing Cao & Raoul Minetti & Maria Pia Olivero, 2018, "No Pain, No Gain. Multinational Banks in the Business Cycle," CERBE Working Papers, CERBE Center for Relationship Banking and Economics, number wpC27, Apr.
• Adam M. Guren & Arvind Krishnamurthy & Timothy J. McQuade, 2018, "Mortgage Design in an Equilibrium Model of the Housing Market," NBER Working Papers, National Bureau of Economic Research, Inc, number 24446, Mar.
• Niklas Engbom & Christian Moser, 2018, "Earnings Inequality and the Minimum Wage: Evidence from Brazil," Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis, number 7, Mar, DOI: 10.21034/iwp.7.
• Makoto Nakajima & Irina A. Telyukova, 2018, "Medical Expenses and Saving in Retirement: The Case of U.S. and Sweden," Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis, number 8, Apr, DOI: 10.21034/iwp.8.
• Pham, Ngoc-Sang & Le Van, Cuong & Bosi, Stefano, 2018, "Intertemporal equilibrium with heterogeneous agents, endogenous dividends and collateral constraints," MPRA Paper, University Library of Munich, Germany, number 84905, Mar, revised 11 Mar 2018.
• Item repec:imf:imfscr:18/98 is not listed on IDEAS anymore

• Jamie L. Cross & Chenghan Hou & Aubrey Poon, 2018, "International Transmissions of Aggregate Macroeconomic Uncertainty in Small Open Economies: An Empirical Approach," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2018-16, Apr.
• Dobronravova, Elizaveta (Добронравова, Елизавета), 2018, "Monetary Policy Peculiarities in Countries with Natural Resources, with Significant Changes in Terms of Trade
  [Особенности Монетарной Политики В Странах, Наделенных Природными Ресурсами, При Значительных Изменениях Условий Торговли]," Working Papers, Russian Presidential Academy of National Economy and Public Administration, number 031811, Mar.
• Alain Naef, , "Dirty float or clean intervention? The Bank of England on the foreign exchange market, 1952-72," Working Papers, Department of Economic and Social History at the University of Cambridge, number 32.
• Camille Cornand & Frank Heinemann, 2018, "Monetary Policy obeying the Taylor Principle Turns Prices into Strategic Substitutes," Working Papers, HAL, number halshs-01759692.
• Adam Elbourne & Kan Ji & Sem Duijndam, 2018, "The effects of unconventional monetary policy in the euro area," CPB Discussion Paper, CPB Netherlands Bureau for Economic Policy Analysis, number 371, Feb.
• Michal Horvath & Matus Senaj & Zuzana Siebertova & Norbert Svarda & Jana Valachyova, 2018, "Evaluating the Aggregate Effects of Tax and Benefit Reforms," Working Papers, Council for Budget Responsibility, number Working Paper No. 1/2018, Apr.
• Erzo G. J. Luttmer, 2018, "Slow Convergence in Economies with Organization Capital," Working Papers, Federal Reserve Bank of Minneapolis, number 748, Jan, DOI: 10.21034/wp.748.
• Dieu Nsenga & Mirada Nach & Hlalefang Khobai & Clement Moyo & Andrew Phiri, 2018, "Is it the natural rate or hysteresis hypothesis for unemployment in Newly Industrialized Economies?," Working Papers, Department of Economics, Nelson Mandela University, number 1817, Apr, revised Apr 2018.
• Yuichi KICHIKAWA & Hiroshi IYETOMI & Hideaki AOYAMA & Hiroshi YOSHIKAWA, 2018, "Empirical Evidence for Collective Motion of Prices with Macroeconomic Indicators in Japan," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 18007, Feb.
• Ebadi, Esmaeil, 2018, "On the Measurement of the Government Spending Multiplier in the United States An ARDL Cointegration Approach," MPRA Paper, University Library of Munich, Germany, number 85459, Mar.
• Giuliano Curatola & Stefano Colonnello & Alessandro Gioffré, 2018, "Pricing Sin Stocks: Ethical Preference vs. Risk Aversion," Working Papers - Economics, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa, number wp2018_05.rdf.
• Anita Angelovska - Bezhoska, 2018, "Central bank independence-the case of the National Bank of Republic of Macedonia," Working Papers, National Bank of the Republic of North Macedonia, number 2018-01.
• Item repec:imf:imfwpa:18/77 is not listed on IDEAS anymore

• Victor Olkhov, 2018, "Econophysics Beyond General Equilibrium: the Business Cycle Model," Papers, arXiv.org, number 1804.04721, Mar.
• Mich'le M'ller-Itten & Aniko Ory, 2017, "Mentoring and the Dynamics of Affirmative Action," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2112, Nov.
• Güneş Kamber & Madhusudan Mohanty, 2018, "Do interest rates play a major role in monetary policy transmission in China?," BIS Working Papers, Bank for International Settlements, number 714, Apr.
• Lisa Sella & Gianna Vivaldo & Andreas Groth & Michael Ghil, 2016, "Economic Cycles and Their Synchronization: A Comparison of Cyclic Modes in Three European Countries," Post-Print, HAL, number hal-01701122, Sep, DOI: 10.1007/s41549-016-0003-4.
• Michalis Nikiforos & Gennaro Zezza, 2018, "'America First,' Fiscal Policy, and Financial Stability," Economics Strategic Analysis Archive, Levy Economics Institute, number sa_apr_18, Apr.
• Oulton, Nicholas, 2018, "The UK (and Western) productivity puzzle: does Arthur Lewis hold the key?," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87394, Mar.
• Andersen, Torben M & Svarer, Michael & Kristoffersen, Mark Strøm, 2018, "Benefit reentitlement conditions in unemployment insurance schemes," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12802, Mar.
• Xavier Chojnicki & Lionel Ragot & Ndeye-Penda Sokhna, 2018, "L'impact budgétaire de 30 ans d'immigration en France : (I) une approche comptable," Working Papers, CEPII research center, number 2018-04, Apr.
• Nordström Skans, Oskar & Harju, Jarkko & Kosonen, Tuomas, 2018, "Firm types, price-setting strategies, and consumption-tax incidence?," Working Paper Series, IFAU - Institute for Evaluation of Labour Market and Education Policy, number 2018:4, Apr.
• Item repec:imf:imfdep:16/07 is not listed on IDEAS anymore

• Koichi Futagami & Yuta Nakabo, 2018, "Capital Accumulation Game with Quasi-Geometric Discounting and Consumption Externalities," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 18-11, Apr.
• Item repec:imf:imfscr:18/90 is not listed on IDEAS anymore

• Andrew McCarthy & Rob Dellink & Ruben Bibas, 2018, "The Macroeconomics of the Circular Economy Transition: A Critical Review of Modelling Approaches," OECD Environment Working Papers, OECD Publishing, number 130, Apr, DOI: 10.1787/af983f9a-en.
• Andreas Groth & Michael Ghil, 2017, "Synchronization of world economic activity," Post-Print, HAL, number hal-01701086, DOI: 10.1063/1.5001820.
• Daniele Valenti, 2018, "Modelling the Global Price of Oil: Is there any Role for the Oil Futures-spot Spread?," Working Papers, Fondazione Eni Enrico Mattei, number 2018.06, Mar.
• Eric Anderson & Sergio Rebelo & Arlene Wong, 2018, "Markups Across Space and Time," NBER Working Papers, National Bureau of Economic Research, Inc, number 24434, Mar.
• Perevyshin, Yury (Перевышин, Юрий) & Rykalin, A.S. (Рыкалин, А.С.), 2018, "Modeling Inflation Expectations in the Russian Economy
  [Моделирование Инфляционных Ожиданий В Российской Экономике]," Working Papers, Russian Presidential Academy of National Economy and Public Administration, number 031816, Mar.
• Viral V. Acharya & Arvind Krishnamurthy, 2018, "Capital Flow Management with Multiple Instruments," NBER Working Papers, National Bureau of Economic Research, Inc, number 24443, Mar.
• Item repec:imf:imfscr:18/93 is not listed on IDEAS anymore

• Haroon Mumtaz, 2018, "A generalised stochastic volatility in mean VAR," Working Papers, Queen Mary University of London, School of Economics and Finance, number 855, Mar.
• Item repec:imf:imfdep:16/06 is not listed on IDEAS anymore

• Kiyutsevskaya, Anna (Киюцевская, Анна) & Trunin, Pavel (Трунин, Павел), 2018, "Features of Interest Rate Policy Under the Inflation Targeting Regime
  [Особенности Процентной Политики При Режиме Таргетирования Инфляции]," Working Papers, Russian Presidential Academy of National Economy and Public Administration, number 031812, Mar.
• Feld, Lars P. & Köhler, Ekkehard A. & Wolfinger, Julia, 2018, "Modeling fiscal sustainability in dynamic macro-panels with heterogeneous effects: Evidence from German federal states," Freiburg Discussion Papers on Constitutional Economics, Walter Eucken Institut e.V., number 18/05.
• Frank Veneroso, 2018, "The Economics of Instability: An Abstract of an Excerpt," Economics Working Paper Archive, Levy Economics Institute, number wp_903, Apr.
• Trofimov, Ivan D. & Md. Aris, Nazaria & Bin Rosli, Muhammad K. F., 2018, "Macroeconomic Determinants of the Labour Share of Income: Evidence from OECD Economies," MPRA Paper, University Library of Munich, Germany, number 85597, Mar.
• Ritzen, Jo & Zimmermann, Klaus F., 2018, "Towards a European Full Employment Policy," GLO Discussion Paper Series, Global Labor Organization (GLO), number 191.
• Miranda-Agrippino, Silvia & Ricco, Giovanni, 2018, "Bayesian vector autoregressions," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 87393, Mar.
• Rangan Gupta & Florian Huber & Philipp Piribauer, 2018, "Predicting International Equity Returns: Evidence from Time-Varying Parameter Vector Autoregressive Models," Working Papers, University of Pretoria, Department of Economics, number 201826, Apr.
• Yan Bai & Dan Lu & Xu Tian, 2018, "Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?," NBER Working Papers, National Bureau of Economic Research, Inc, number 24436, Mar.
• Daniele Valenti & Matteo Manera & Alessandro Sbuelz, 2018, "Interpreting the Oil Risk Premium: do Oil Price Shocks Matter?," Working Papers, Fondazione Eni Enrico Mattei, number 2018.03, Feb.
• Item repec:imf:imfdep:16/09 is not listed on IDEAS anymore

• Jesús Rodríguez & José L. Torres, 2018, "Driving time, productivity, and the Fundamental Law of Road Congestion," Working Papers, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center, number 2018-02, Apr.
• Loukas Karabarbounis & Brent Neiman, 2018, "Accounting for Factorless Income," Working Papers, Federal Reserve Bank of Minneapolis, number 749, Mar, DOI: 10.21034/wp.749.
• Item repec:hal:cesptp:hal-01757081 is not listed on IDEAS anymore

• Vanella, Patrizio & Deschermeier, Philipp, 2018, "A Principal Component Simulation of Age-Specific Fertility - Impacts of Family and Social Policy on Reproductive Behavior in Germany," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, number dp-630, Apr.
• Piketty, Thomas & Garbinti, Bertrand & Goupille-Lebret, Jonathan, 2018, "Income Inequality in France, 1900-2014: Evidence from Distributional National Accounts (DINA)," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12799, Mar.
• Williams, Ronald, 2017, "Perfect Public Offering: A Process to Provide Complete Ownership & Direction of Businesses to the Entire Public," MPRA Paper, University Library of Munich, Germany, number 84877, Sep, revised 28 Feb 2018.
• Darmon, N. & Martin, P. & Scheromm, P. & Ghestem, F. & Marchand, P. & Consalès, J.N., 2018, "Des jardins partagés dans les quartiers d'habitat social : un moyen de repenser les pratiques alimentaires ?," Working Papers MoISA, UMR MoISA : Montpellier Interdisciplinary center on Sustainable Agri-food systems (social and nutritional sciences): CIHEAM-IAMM, CIRAD, INRAE, L'Institut Agro, Montpellier SupAgro, IRD - Montpellier, France, number 201802.
• Jan Fredrik Qvigstad & Tore Schei, 2018, "Criteria for “good” justifications," Working Paper, Norges Bank, number 2018/6, Apr.

Report NEP-MAC-2018-04-23

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: