Report NEP-MAC-2018-06-18

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:

• Donato Masciandaro & Francesco Passarelli, 2018, "Populism, Financial Inequality And Central Bank Independence: A Political Economics Approach," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1874.
• Van der Ghote, Alejandro, 2018, "Coordinating monetary and financial regulatory policies," Working Paper Series, European Central Bank, number 2155, Jun.
• Item repec:bof:bofrdp:2018_012 is not listed on IDEAS anymore

• Guangling Liu & Thabang Molise, 2018, "Is Basel III counter-cyclical: The case of South Africa?," Working Papers, Stellenbosch University, Department of Economics, number 10/2018.
• Jose Emilio Bosca & Rafael Domenech & Javier Ferri & Rodolfo Mendez-Marcano & Juan F. Rubio-Ramirez, 2018, "Perturbaciones financieras y fiscales en la crisis y recuperación de la economía española
  [Financial and Fiscal Shocks in the Great Recession and Recovery of the Spanish Economy]," Working Papers, BBVA Bank, Economic Research Department, number 18/08, Jun.
• Louphou COULIBALY, 2018, "Monetary Policy in Sudden Stop-Prone Economies," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ, number 06-2018.
• Garth Baughman & Francesca Carapella, 2018, "Voluntary Reserve Targets," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-032, May, DOI: 10.17016/FEDS.2018.032.
• Tatjana Dahlhaus & Luca Gambetti, 2018, "Noisy Monetary Policy," Staff Working Papers, Bank of Canada, number 18-23, DOI: 10.34989/swp-2018-23.
• Jose A. Lopez & Kris James Mitchener, 2018, "Uncertainty and Hyperinflation: European Inflation Dynamics after World War I," NBER Working Papers, National Bureau of Economic Research, Inc, number 24624, May.
• Di Tella, Sebastian & Kurlat, Pablo, 2017, "Why Are Banks Exposed to Monetary Policy?," Research Papers, Stanford University, Graduate School of Business, number repec:ecl:stabus:3525, Nov.
• Emanuel Kohlscheen & Aaron Mehrotra & Dubravko Mihaljek, 2018, "Residential investment and economic activity: evidence from the past five decades," BIS Working Papers, Bank for International Settlements, number 726, Jun.
• Akosah, Nana & Loloh, Francis & Lawson, Natalia & Kumah, Claudia, 2018, "Measuring Financial Stability in Ghana: A New Index-Based Approach," MPRA Paper, University Library of Munich, Germany, number 86634, Jan.
• Luca Brugnolini & Luisa Corrado, 2018, "Fiscal Compact and Debt Consolidation Dynamics," CEIS Research Paper, Tor Vergata University, CEIS, number 436, Jun, revised 06 Nov 2018.
• Levent Altinoglu, 2018, "The Origins of Aggregate Fluctuations in a Credit Network Economy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-031, May, DOI: 10.17016/FEDS.2018.031.
• Hamza Bennani, 2018, "Media Perception of Fed Chair's Overconfidence and Market Expectations," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2018-29.
• Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2018, "Demographics, monetary policy, and the zero lower bound," NBP Working Papers, Narodowy Bank Polski, number 284.
• Item repec:pke:wpaper:1805 is not listed on IDEAS anymore

• Oliver Holtemöller & Jan-Christopher Scherer, 2018, "Sovereign Stress, Banking Stress, and the Monetary Transmission Mechanism in the Euro Area," ADBI Working Papers, Asian Development Bank Institute, number 811, Feb.
• Oxana Babecka Kucharcukova & Renata Pasalicova, 2017, "Firm Investment, Financial Constraints and Monetary Transmission: An Investigation with Czech Firm-Level Data," Working Papers, Czech National Bank, Research and Statistics Department, number 2017/16, Dec.
• Pim B. Kastelein & Ward E. Romp, 2018, "Pension Fund Restoration Policy In General Equilibrium," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 18-053/VI, May, revised 06 Jul 2018.
• Item repec:cpr:ceprdp:12937 is not listed on IDEAS anymore

• Mitchener, Kris & Lopez, Jose A., 2018, "Uncertainty and Hyperinflation: European Inflation Dynamics after World War I," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12951, May.
• Tödter, Karl-Heinz & Ziebarth, Gerhard, 2018, "Zinsen, Effektivpreise und Lebenskosten: Ein Beitrag zur Konstruktion eines intertemporalen Preisindex," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 123.
• Saroj Bhattarai & Arpita Chatterjee & Woong Yong Park, 2018, "Effects of US Quantitative Easing on Emerging Market Economies," ADBI Working Papers, Asian Development Bank Institute, number 803, Jan.
• Andreyev, Mikhail, 2018, "Дефицит Бюджета И Структурный Профицит Ликвидности Как Ключевые Факторы Развития Финансового Сектора России В 2018-2020 Годах
  [The financial sector of the Russian economy in 2018-2020: the budget d," MPRA Paper, University Library of Munich, Germany, number 86666, Apr, revised 11 May 2018.
• Donato Masciandaro & Davide Romelli, 2017, "Optimal Currency Area and European Monetary Membership: Economics and Political Economy," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1760.
• William B. Peterman & Erick Sager, 2018, "Optimal Public Debt with Life Cycle Motives," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-028, Apr, DOI: 10.17016/FEDS.2018.028.
• Hintermaier, Thomas & Koeniger, Winfried, 2018, "Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission," Economics Working Paper Series, University of St. Gallen, School of Economics and Political Science, number 1806, May, revised Nov 2019.
• George Economides & Anastasios Xepapadeas, 2018, "Monetary Policy under Climate Change," CESifo Working Paper Series, CESifo, number 7021.
• Jaccard, Ivan, 2018, "Asset pricing and the propagation of financial shocks," Working Paper Series, European Central Bank, number 2150, May.
• George Economides & Anastasios Xepapadeas, 2018, "Monetary policy under climate change," Working Papers, Bank of Greece, number 247, May.
• Sriya Anbil & Zeynep Senyuz, 2018, "The Regulatory and Monetary Policy Nexus in the Repo Market," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-027, Apr, DOI: 10.17016/FEDS.2018.027.
• Emanuele Borgonovo & Stefano Caselli & Alessandra Cillo & Donato Masciandaro, 2018, "Between Cash, Deposit And Bitcoin: Would We Like A Central Bank Digital Currency? Money Demand And Experimental Economics," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1875.
• Anatilde Salerno, 2017, "El Impacto Redistributivo del Gasto Social en Argentina (2003-2015): Una Herramienta para Evaluar las Politicas Publicas de Asignacion Social," Commitment to Equity (CEQ) Working Paper Series, Tulane University, Department of Economics, number 79, Dec.
• Bletzinger, Tilman & von Thadden, Leopold, 2018, "Designing QE in a fiscally sound monetary union," Working Paper Series, European Central Bank, number 2156, Jun.
• Georgescu, George, 2018, "O retrospectivă analitică a contextului crizei datoriei externe a României din anii 1980
  [A deeper insight into the background of 1980s external debt crisis in Romania]," MPRA Paper, University Library of Munich, Germany, number 86790, May.
• Shang-Jin Wei, 2018, "Managing Financial Globalization: A Guide for Developing Countries Based on the Recent Literature," ADBI Working Papers, Asian Development Bank Institute, number 804, Jan.
• Arikha, Dahlia, 2018, "Monetary policy in perspective of Umer Chapra," MPRA Paper, University Library of Munich, Germany, number 87022, Mar, revised 04 Apr 2018.
• Carroll, Christopher D. & Crawley, Edmund & Slacalek, Jiri & Tokuoka, Kiichi & White, Matthew N., 2018, "Sticky expectations and consumption dynamics," Working Paper Series, European Central Bank, number 2152, May.
• Milan Eliskovski, 2018, "Investigating credit transmission mechanism in the Republic of Macedonia: evidence from Vector Error Correction Model," Working Papers, National Bank of the Republic of North Macedonia, number 2018-02.
• Item repec:imf:imfscr:18/143 is not listed on IDEAS anymore

• Duffie, Darrell & Qiao, Lei & Sun, Yeneng, 2017, "Dynamic Directed Random Matching," Research Papers, Stanford University, Graduate School of Business, number repec:ecl:stabus:3359, Dec.
• Emanuele Borgonovo & Stefano Caselli & Alessandra Cillo & Donato Masciandaro, 2017, "Beyond Bitcoin And Cash: Do We Like A Central Bank Digital Currency? A Financial And Political Economics Approach," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1765.
• Guilherme Klein Martins & Fernando Rugitsky, 2018, "The commodities boom and the profit squeeze: output and profit cycles in Brazil (1996-2016)," Working Papers, Department of Economics, University of São Paulo (FEA-USP), number 2018_09, Jun.
• Item repec:pke:wpaper:1803 is not listed on IDEAS anymore

• Christiane Baumeister & James D. Hamilton, 2018, "Inference in Structural Vector Autoregressions When the Identifying Assumptions are Not Fully Believed: Re-evaluating the Role of Monetary Policy in Economic Fluctuations," NBER Working Papers, National Bureau of Economic Research, Inc, number 24597, May.
• Seth Pruitt & Nicholas Turner, 2018, "The Nature of Household Labor Income Risk," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-034, May, DOI: 10.17016/FEDS.2018.034.
• Anyadike-Danes, Michael & Bjuggren, Carl Magnus & Dumont, Michel & Gottschalk, Sandra & Hölzl, Werner & Johansson, Dan & Maliranta, Mika & Myrann, Anja & Nielsen, Kristian & Zheng, Guanyu, 2018, "An International Comparison of the Contribution to Job Creation by High-growth Firms," Working Paper Series, Research Institute of Industrial Economics, number 1216, May.
• Snell, Andy & Stüber, Heiko & Thomas, Jonathan P., 2018, "Downward Real Wage Rigidity and Equal Treatment Wage Contracts: Theory and Evidence," IZA Discussion Papers, Institute of Labor Economics (IZA), number 11504, Apr.
• Item repec:pke:wpaper:1717 is not listed on IDEAS anymore

• Arlan Brucal & Michael J. Roberts, 2018, "Not All Regions Are Alike: Evaluating the Effect of Oil Price Shocks on Local and Aggregate Economies," Working Papers, University of Hawaii Economic Research Organization, University of Hawaii at Manoa, number 2018-4, Jun.
• Lechler, Marie, 2018, "Employment Shocks and anti-EU Sentiment," Discussion Papers in Economics, University of Munich, Department of Economics, number 49414.
• Agnès Bénassy-Quéré & Matthieu Bussière & Pauline Wibaux, 2018, "Trade and currency weapons," Working Papers, CEPII research center, number 2018-08, Jun.
• Labrinidis, George, 2018, "The roots of the Euro," MPRA Paper, University Library of Munich, Germany, number 86560, Apr.
• John Bailey Jones & Mariacristina De Nardi & Eric French & Rory McGee & Justin Kirschner, 2018, "The Lifetime Medical Spending of Retirees," NBER Working Papers, National Bureau of Economic Research, Inc, number 24599, May.
• Nicholas E. Karavitis, 2018, "Fiscal adjustment and debt sustainability: Greece 2010-2016 and beyond," Working Papers, Bank of Greece, number 245, Apr.
• Fabiano Schivardi & Enrico Sette & Guido Tabellini, 2017, "Credit Misallocation During the European Financial Crisis," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1753.
• Игор Величковски & Александар Стојков & Ивана Рајковиќ, 2018, "Јадрото И Периферијата На Еврозоната: Приказна За Обединување Или Разобединување," Working Papers, National Bank of the Republic of North Macedonia, number 2018-03.
• Item repec:rim:rimwps:18-28 is not listed on IDEAS anymore

• Giovanni Caggiano & Efrem Castelnuovo & Juan Manuel Figueres, 2018, "Economic Policy Uncertainty Spillovers in Booms and Busts," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2018-27, Jun.
• Didem Tuzemen, 2018, "Job Polarization and the Natural Rate of Unemployment in the United States," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 18-3, Mar, DOI: 10.18651/RWP2018-03.
• David M. Arseneau & Brendan Epstein, 2018, "Efficient Mismatch," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-037, Jun, DOI: 10.17016/FEDS.2018.037.
• Timm M. Prein & Almuth Scholl, 2018, "The Impact of Bailouts on Political Turnover and Sovereign Default Risk," Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz, number 2018-04, Jun.
• Erwan Gautier, & Hervé Le Bihan, 2018, "Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model," Working papers, Banque de France, number 682.
• Schnabl, Philipp & Savov, Alexi & Drechsler, Itamar, 2018, "Banking on Deposits: Maturity Transformation without Interest Rate Risk," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12950, May.
• Item repec:spo:wpmain:info:hdl:2441/2h6ap2iheh9m7bv39v1gu7cfq1 is not listed on IDEAS anymore

• Item repec:pke:wpaper:1801 is not listed on IDEAS anymore

• Edouard Djeutem & Geoffrey R. Dunbar, 2018, "Uncovered Return Parity: Equity Returns and Currency Returns," Staff Working Papers, Bank of Canada, number 18-22, DOI: 10.34989/swp-2018-22.
• Item repec:imf:imfscr:18/145 is not listed on IDEAS anymore

• Michiel De Pooter & Giovanni Favara & Michele Modugno & Jason J. Wu, 2018, "Monetary Policy Surprises and Monetary Policy Uncertainty," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2018-05-18, May, DOI: 10.17016/2380-7172.2176.
• Hagedorn, Marcus & Acikgöz, Ömer & Holter, Hans & Wang, Yikai, 2018, "The Optimum Quantity of Capital and Debt," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12952, May.
• Joanna Tyrowicz & Krzysztof Makarski, 2018, "On Welfare Effects of Increasing Retirement Age," IAAEU Discussion Papers, Institute of Labour Law and Industrial Relations in the European Union (IAAEU), number 201804, Apr.
• Aras, Osman Nuri & Öztürk, Mustafa, 2018, "The Effect of the Macroeconomic Determinants on Sovereign Credit Rating of Turkey," MPRA Paper, University Library of Munich, Germany, number 86642, May.
• Item repec:pke:wpaper:1802 is not listed on IDEAS anymore

• Item repec:pke:wpaper:1804 is not listed on IDEAS anymore

• Konon, Alexander & Fritsch, Michael & Kritikos, Alexander S., 2018, "Business Cycles and Start-ups across Industries: An Empirical Analysis of German Regions," IZA Discussion Papers, Institute of Labor Economics (IZA), number 11501, Apr.
• Michael D. Bordo & John V. Duca, 2018, "The Impact of the Dodd-Frank Act on Small Business," Working Papers, Federal Reserve Bank of Dallas, number 1806, Apr, DOI: 10.24149/wp1806.
• Item repec:imf:imfscr:18/146 is not listed on IDEAS anymore

• Donato Masciandaro & Davide Romelli, 2017, "Twin Peaks And Central Banks: Economics, Political Economy And Comparative Analysis," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1768.
• Mihnea Constantinescu & Aurelija Proskute, 2018, "Firm heterogeneity and macroeconomic dynamics: a datadriven investigation," Bank of Lithuania Discussion Paper Series, Bank of Lithuania, number 7, May.
• Aaron Flaaen & Matthew D. Shapiro & Isaac Sorkin, 2018, "Reconsidering the Consequences of Worker Displacements : Firm versus Worker Perspective," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-029, May, DOI: 10.17016/FEDS.2018.029.
• MADSEN, Jakob B, 2018, "Is Inequality Increasing in r-g? The Dynamics of Capital’s Income Share in the UK, 1210-2013," Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University, number HIAS-E-70, Jun.
• Herr, Hansjörg, 2018, "Underdevelopment and unregulated markets: Seven reasons why unregulated markets reproduce underdevelopment," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 103/2018.
• Signe Rosenberg, 2018, "The Effects of Conventional and Unconventional Monetary Policy on House Prices in the Scandinavian Countries," TUT Economic Research Series, Department of Finance and Economics, Tallinn University of Technology, number 44, Jun.
• Bachmann, Ronald & Cim, Merve & Green, Colin, 2018, "Long-run patterns of labour market polarisation: Evidence from German micro data," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 748, DOI: 10.4419/86788868.
• Krishnamurthy, Arvind & Archarya, Viral V., 2018, "Capital Flow Management with Multiple Instruments," Research Papers, Stanford University, Graduate School of Business, number 3646, Feb.
• Juergen Jung & Chung Tran, 2018, "Optimal Progressive Income Taxation in a Bewley-Grossman Framework," ANU Working Papers in Economics and Econometrics, Australian National University, College of Business and Economics, School of Economics, number 2018-662, Jun.
• Teresa C. Fort & Shawn D. Klimek, 2018, "The Effects of Industry Classification Changes on US Employment Composition," Working Papers, Center for Economic Studies, U.S. Census Bureau, number 18-28, Jun.
• Donato Masciandaro & Davide Romelli, 2018, "Beyond the Central Bank Independence Veil: New Evidence," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1871.
• Pranab Kumar Das & Bhaswati Ganguli & Sugata Marjit & Sugata Sen Roy, 2018, "The dynamics of finance-growth-inequality nexus: Theory and Evidence for India," Discussion Papers Series, School of Economics, University of Queensland, Australia, number 593, May.
• Giuseppe Berlingieri & Sara Calligaris & Chiara Criscuolo, 2018, "The productivity-wage premium: Does size still matter in a service economy?," OECD Science, Technology and Industry Working Papers, OECD Publishing, number 2018/13, Jun, DOI: 10.1787/04e36c29-en.
• Dünhaupt, Petra & Hein, Eckhard, 2018, "Financialisation, distribution & the macroeconomic regimes before & after the crisis: A post-Keynesian view on Denmark, Estonia & Latvia," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 104/2018.
• Botta, Alberto & Tippet, Ben & Onaran, Özlem, 2018, "Divergence between the core and the periphery and secular stagnation in the Eurozone," Greenwich Papers in Political Economy, University of Greenwich, Greenwich Political Economy Research Centre, number 20405, Jun.
• Item repec:spo:wpmain:info:hdl:2441/27od5pb99881folvtfs8s3k16l is not listed on IDEAS anymore

• Laurent Linnemer & Michael Visser, 2018, "Jean-Michel Grandmont - A Forthcoming Mind," CESifo Working Paper Series, CESifo, number 7060.
• Danielsson, Jon & James, Kevin R. & Valenzuela, Marcela & Zer, Ilknur, 2016, "Can we prove a bank guilty of creating systemic risk? A minority report," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 66721, Jun.
• Udabah, Sylvester & Okolo, Chimaobi, 2018, "Oil Price and Exchange Rate Volatilities: Its Implications on the Cost of Living in OPEC Member Country - Nigeria," MPRA Paper, University Library of Munich, Germany, number 86509.
• Etilé, F.; & Lecocq, S.; & Boizot-Szantaï, C.;, 2018, "The Incidence of Soft-Drink Taxes on Consumer Prices and Welfare:Evidence from the French “Soda Taxâ€," Health, Econometrics and Data Group (HEDG) Working Papers, HEDG, c/o Department of Economics, University of York, number 18/13, Jun.
• Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2018, "Global Financial Cycles and Risk Premiums," Working Paper Series, Federal Reserve Bank of San Francisco, number 2018-5, Jun, DOI: 10.24148/wp2018-05.
• Buchholz, Manuel & von Schweinitz, Gregor & Tonzer, Lena, 2018, "Did the Swiss exchange rate shock shock the market?," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 9/2018.
• Donato Masciandaro, 2018, "Central Banking and Macroeconomic Ideas: Economics, Politics and History," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1858.

Report NEP-MAC-2018-06-18

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: