Report NEP-MAC-2018-06-25

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:

• Xing, Victor, 2018, "An Alternative Narrative behind the Persistently Low Natural Rate," MPRA Paper, University Library of Munich, Germany, number 86981, May.
• Nao Sudo & Yosuke Okazaki & Yasutaka Takizuka, 2018, "Determinants of the Natural Rate of Interest in Japan \ Approaches based on a DSGE model and OG model \," Bank of Japan Research Laboratory Series, Bank of Japan, number 18-E-1, Jun.
• Andersson, Fredrik N. G. & Jonung, Lars, 2018, "Lessons for Iceland from the Monetary Policy of Sweden," Working Papers, Lund University, Department of Economics, number 2018:16, Jun.
• Abdullah Tahir & Jameel Ahmed & Waqas Ahmed, 2018, "Robust Quarterization of GDP and Determination of Business Cycle Dates for IGC Partner Countries," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 97, May.
• Arina Wischnewsky & Matthias Neuenkirch, 2018, "Shadow Banks and the Risk-Taking Channel of Monetary Policy Transmission in the Euro Area," Research Papers in Economics, University of Trier, Department of Economics, number 2018-03.
• Item repec:pke:wpaper:1712 is not listed on IDEAS anymore

• Mark A. Carlson & Burcu Duygan-Bump, 2018, "“Unconventional” Monetary Policy as Conventional Monetary Policy : A Perspective from the U.S. in the 1920s," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-019, Mar, DOI: 10.17016/FEDS.2018.019.
• Item repec:pke:wpaper:1617 is not listed on IDEAS anymore

• Rahul Nath, 2018, "Equity Pricing New Keynesian Models with Nominal Rigidities and Investment," Economics Series Working Papers, University of Oxford, Department of Economics, number 850, May.
• Dave, Chetan & Ghate, Chetan & Gopalakrishnan, Pawan & Tarafdar, Suchismita, 2018, "Fiscal Austerity in Emerging Market Economies," MPRA Paper, University Library of Munich, Germany, number 87086, May.
• Klaus Adam & Michael Woodford, 2018, "Leaning Against Housing Prices as Robustly Optimal Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 24629, May.
• Narayana R. Kocherlakota, 2018, "Practical Policy Evaluation," NBER Working Papers, National Bureau of Economic Research, Inc, number 24643, May.
• Richard Varghese, 2018, "The Bank Lending Channel A Time-Varying Approach," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 10-2018, May.
• Anne-Marie Rieu-Foucault, 2018, "Les interventions de crise de la FED et de la BCE diffèrent-elles ?," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2018-31.
• Postel-Vinay, Natacha & Cloyne, James & Dimsdale, Nicholas, 2018, "Taxes and Growth: New Narrative Evidence from Interwar Britain," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12962, May.
• Levchenko, Andrei & Cravino, Javier & Lan, Ting, 2018, "Price stickiness along the income distribution and the effects of monetary policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12967, Jun.
• Angela Abbate & Massimiliano Marcellino, 2017, "Macroeconomic activity and risk indicators: an unstable relationship," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1756.
• Item repec:pke:wpaper:1613 is not listed on IDEAS anymore

• Rahul Nath, 2018, "Flexible Labour, Income Effects, and Asset Prices," Economics Series Working Papers, University of Oxford, Department of Economics, number 851, May.
• Javier Cravino & Ting Lan & Andrei A. Levchenko, 2018, "Price Stickiness along the Income Distribution and the Effects of Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 24654, May.
• Guizzo, Danielle & Strachman, Eduardo & Dalto, Fabiano & Feijo, Carmem, 2018, "Financialisation and Development: how can emerging economies catch up?," MPRA Paper, University Library of Munich, Germany, number 87076, May.
• Cristiano Cantore & Filippo Ferroni & Miguel A. Leon-Ledesma, 2018, "The Missing Link: Monetary Policy and The Labor Share," Studies in Economics, School of Economics, University of Kent, number 1808, Jun.
• Item repec:rim:rimwps:18-27 is not listed on IDEAS anymore

• Daniele Girardi & Riccardo Pariboni, 2018, "Normal utilization as the adjusting variable in Neo-Kaleckian growth models : a critique," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics, number 2018-11.
• Christie Smith & Christoph Thoenissen, 2018, "Migration and Business Cycle Dynamics," Working Papers, The University of Sheffield, Department of Economics, number 2018006, Jun.
• Giovanni Ganelli & Neil Rankin, 2018, "Fiscal Deficits as a Source of Boom and Bust under a Common Currency," Discussion Papers, Department of Economics, University of York, number 18/05, Jun.
• Item repec:pke:wpaper:1612 is not listed on IDEAS anymore

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• James Cloyne & Nicholas Dimsdale & Natacha Postel-Vinay, 2018, "Taxes and Growth: New Narrative Evidence from Interwar Britain," NBER Working Papers, National Bureau of Economic Research, Inc, number 24659, May.
• Mendy, David & Widodo, Tri, 2018, "On the Inflation-Uncertainty Hypothesis in The Gambia: A Multi-Sample View on Causality Linkages," MPRA Paper, University Library of Munich, Germany, number 86743, May.
• Broner, Fernando & Clancy, Daragh & Erce, Aitor & Martín, Alberto, 2018, "Fiscal Multipliers and Foreign Holdings of Public Debt," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12960, Oct.
• Lawrence Christiano & Martin S. Eichenbaum & Benjamin K. Johannsen, 2018, "Does the New Keynesian Model Have a Uniqueness Problem?," NBER Working Papers, National Bureau of Economic Research, Inc, number 24612, May.
• Freddy Heylen & Renaat Van de Kerckhove, 2018, "Getting Low Educated And Older People Into Work: Fiscal Policy In An Olg Model With Heterogeneous Abilities," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 18/946, May.
• Ho, Sin-Yu & Njindan Iyke, Bernard, 2018, "Unemployment and Inflation: Evidence of a Nonlinear Phillips Curve in the Eurozone," MPRA Paper, University Library of Munich, Germany, number 87122.
• Gosego Mothuti & Andrew Phiri, 2018, "Inflation-growth nexus in Botswana: Can lower inflation really spur growth in the country?," Working Papers, Department of Economics, Nelson Mandela University, number 1824, Jun.
• Item repec:dnb:dnbwpp:597 is not listed on IDEAS anymore

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• Alberto Martin & Enrique Moral-Benito & Tom Schmitz, 2018, "The financial transmission of housing booms: evidence from Spain," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1613, Jun, revised Sep 2020.
• Item repec:pke:wpaper:1701 is not listed on IDEAS anymore

• Andrew C. Chang, 2018, "The Fed's Asymmetric Forecast Errors," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-026, Apr, DOI: 10.17016/FEDS.2018.026.
• Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2018, "Income and Wealth Inequality in America, 1949-2016," Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis, number 9, Jun, DOI: 10.21034/iwp.9.
• Michael T. Kiley, 2018, "What Macroeconomic Conditions Lead Financial Crises?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-038, Jun, DOI: 10.17016/FEDS.2018.038.
• Michl, Thomas & Oliver, Kayla, 2017, "Combating Hysteresis With Output Targeting," Working Papers, Department of Economics, Colgate University, number 2017-06, Nov, revised 24 Nov 2017.
• Bofinger, Peter & Haas, Thomas, 2018, "A simple microeconomic model for the analysis of Vollgeld," W.E.P. - Würzburg Economic Papers, University of Würzburg, Department of Economics, number 99.
• Carlos D. Santos & Luís F. Costa & Paulo Brito, 2018, "Demand, Supply and Markup Fluctuations," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2018/41, Jun.
• Chen, Siyan & Desiderio, Saul, 2018, "Computational evidence on the distributive properties of monetary policy," Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel), number 2018-38.
• Tudor, Monica Mihaela, 2017, "Agriculture role in social-economic resilience to major economic crises in Romania," MPRA Paper, University Library of Munich, Germany, number 85169, Nov.
• Vincent Koen & Hidekatsu Asada & Mohamed Rizwan Habeeb Rahuman & Adam Bogiatzis, 2018, "Boosting productivity and living standards in Thailand," OECD Economics Department Working Papers, OECD Publishing, number 1470, May, DOI: 10.1787/e525c875-en.
• Mengus, Eric, 2017, "Asset Purchase Bailouts and Endogenous Implicit Guarantees," HEC Research Papers Series, HEC Paris, number 1248, Dec, revised 22 Jan 2018.
• Guerrieri, Cinzia & Mendicino, Caterina, 2018, "Wealth effects in the euro area," Working Paper Series, European Central Bank, number 2157, Jun.
• Thanaset Chevapatrakul & Juan Paez-Farrell, 2018, "How effective is inflation targeting in emerging market economies?," Working Papers, The University of Sheffield, Department of Economics, number 2018005, May.
• Item repec:imf:imfscr:18/130 is not listed on IDEAS anymore

• Guido Baldi & Andre Bodmer, 2018, "Intangible Capital Formation, International Equity Investments, and Output Synchronization," Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft, number dp1810, Jun.
• Fida Hussain & Kalim Hayder & Muhammad Rehman, 2018, "Nowcasting LSM Growth in Pakistan," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 98, May.
• Christopher Heiberger & Alfred Maussner, 2018, "Business Cycle Uncertainty and Economic Welfare Revisited," Discussion Paper Series, Universitaet Augsburg, Institute for Economics, number 335, Jun.
• Matthias Schlegl, 2018, "Secular Stagnation in an Economy with Land," ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka, number 1032, Jun.
• Isabel Argimón & Clemens Bonner & Ricardo Correa & Patty Duijm & Jon Frost & Jakob de Haan & Leo de Haan & Viktors Stebunovs, 2018, "Financial institutions' business models and the global transmission of monetary policy," Working Papers, Banco de España, number 1815, Jun.
• Item repec:imf:imfscr:18/125 is not listed on IDEAS anymore

• Alberto Martín & Enrique Moral-Benito & Tom Schmitz, 2018, "The Financial Transmission of Housing Bubbles: Evidence from Spain," Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University, number 625.
• Item repec:imf:imfscr:18/137 is not listed on IDEAS anymore

• Musgrave, Ralph S., 2018, "A permanent zero interest rate would maximise GDP," MPRA Paper, University Library of Munich, Germany, number 87111, Jun.
• Item repec:pke:wpaper:1716 is not listed on IDEAS anymore

• Céline Piton & François Rycx, 2018, "The unemployment impact of product and labour market regulation: evidence from European countries," Working Papers CEB, ULB -- Universite Libre de Bruxelles, number 18-023, Jun.
• Brian Lucking & Nicholas Bloom & John Van Reenen, 2018, "Have R&D Spillovers Changed?," NBER Working Papers, National Bureau of Economic Research, Inc, number 24622, May.
• Item repec:pke:wpaper:1614 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/133 is not listed on IDEAS anymore

• Lisa Coiffard, 2018, "Independence of central banks after the crisis - focus on Hungary," IWE Working Papers, Institute for World Economics - Centre for Economic and Regional Studies, number 242, Jun.
• Christian Bayer & Chi Hyun Kim & Alexander Kriwoluzky, 2018, "The Term Structure of Redenomination Risk," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1740.
• Bayer, Christian & Kim, Chi Hyun & Kriwoluzky, Alexander, 2018, "The term structure of redenomination risk," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12965, May.
• Ayako Saiki & Jon Frost, 2018, "Japan's Unconventional Monetary Policy and Income Distribution: Revisited," Working Papers, Tokyo Center for Economic Research, number e126, May.
• Item repec:pke:wpaper:1616 is not listed on IDEAS anymore

• Item repec:pke:wpaper:1711 is not listed on IDEAS anymore

• Item repec:pke:wpaper:1714 is not listed on IDEAS anymore

• Guihai Zhao, 2018, "Ambiguity, Nominal Bond Yields and Real Bond Yields," Staff Working Papers, Bank of Canada, number 18-24, DOI: 10.34989/swp-2018-24.
• Claudiu Tiberiu Albulescu & Dominique Pépin & Stephen M. Miller, 2018, "The Micro-Foundations of an Open Economy Money Demand: An Application to the Central and Eastern European Countries," Working papers, University of Connecticut, Department of Economics, number 2018-06, Jun.
• Entrop, Oliver & Merkel, Matthias F., 2018, ""Exchange rate risk" within the European Monetary Union? Analyzing the exchange rate exposure of German firm," Passauer Diskussionspapiere, Betriebswirtschaftliche Reihe, University of Passau, Faculty of Business and Economics, number B-31-18.
• Raza, Syed Ali & Shah, Nida & Khan, Waqas Ahmed, 2017, "Do Workers’ Remittances Increase Terrorism? Evidence from South Asian Countries," MPRA Paper, University Library of Munich, Germany, number 86745, revised 2017.
• Charles Engel & Jungjae Park, 2018, "Debauchery and Original Sin: The Currency Composition of Sovereign Debt," NBER Working Papers, National Bureau of Economic Research, Inc, number 24671, May.
• Andreas Tryphonides, 2018, "Tilting Approximate Models," Papers, arXiv.org, number 1805.10869, May, revised Mar 2024.
• Morales, Marina, 2018, "Can the composition of the family during adolescence influence their future unemployment situation? Evidence for Spain," MPRA Paper, University Library of Munich, Germany, number 86770, May.
• Eizo Kawai, 2018, "Re-examination of Modern Macroeconomics: Market Failure in a Walrasian Economy and Keynes's Unemployment Equilibrium," Working Papers, Tokyo Center for Economic Research, number e121, Mar.
• Matteo Maggiori & Brent Neiman & Jesse Schreger, 2018, "International Currencies and Capital Allocation," NBER Working Papers, National Bureau of Economic Research, Inc, number 24673, May.
• Melvin Stephens Jr. & Desmond Toohey, 2018, "Changes in Nutrient Intake at Retirement," NBER Working Papers, National Bureau of Economic Research, Inc, number 24621, May.
• Sheila Dow, 2018, "Monetary Reform, Central Banks and Digital Currencies," Department Discussion Papers, Department of Economics, University of Victoria, number 1805, Jun.
• Brindusa Anghel & Henrique Basso & Olympia Bover & José María Casado & Laura Hospido & Mario Izquierdo & Ivan A. Kataryniuk & Aitor Lacuesta & José Manuel Montero & Elena Vozmediano, 2018, "Income, consumption andwealth inequality in Spain," Occasional Papers, Banco de España, number 1806, May.
• Raffaella Barone & Domenico Delle Side & Donato Masciandaro, 2017, "Drug Trafficking, Money Laundering And The Business Cycle: Does Secular Stagnation Include Crime?," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 1747.
• Ho, Sin-Yu & Njindan Iyke, Bernard, 2018, "Financial Development, Growth and Poverty Reduction: Evidence from Ghana," MPRA Paper, University Library of Munich, Germany, number 87121.
• Bagus, Philipp & Howden, David & Huerta de Soto Ballester, Jesús, 2018, "Entrepreneurial Error Does Not Equal Market Failure," MPRA Paper, University Library of Munich, Germany, number 86706, May.
• Sang-Wook (Stanley) Cho & Julian P. Daz, , "Skill premium divergence: the roles of trade, capital and demographics," Bank of Estonia Working Papers, Bank of Estonia, number wp2018-01, DOI: 10.23656/25045520/012018/0152.
• Richard Hornbeck & Enrico Moretti, 2018, "Who Benefits From Productivity Growth? Direct and Indirect Effects of Local TFP Growth on Wages, Rents, and Inequality," NBER Working Papers, National Bureau of Economic Research, Inc, number 24661, May.
• Bachmann, Ronald & Cim, Merve & Green, Colin, 2018, "Long-run patterns of labour market polarisation: Evidence from German micro data," DICE Discussion Papers, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE), number 292.
• Louisa Kammerer & Miguel D. Ramirez, 2018, "Did Smaller Firms face Higher Costs of Credit during the Great Recession? A Vector Error Correction Analysis with Structural Breaks," Working Papers, Trinity College, Department of Economics, number 1707, May, revised Jun 2018.
• Byron Botha & Franz Ruch & Rudi Steinbach, 2018, "Shortlived supply shocks to potential growth," Working Papers, South African Reserve Bank, number 8605, Jun.
• Mengus, Eric & Challe, Edouard & Lopez, Jose Ignacio, 2018, "Institutional Quality and Capital Inflows: Evidence and Theory," HEC Research Papers Series, HEC Paris, number 1247, Jan, revised 19 Jan 2019.
• Adam Bogiatzis & Hidekatsu Asada & Mohamed Rizwan Habeeb Rahuman, 2018, "Sustainable finance for inclusive growth in Thailand," OECD Economics Department Working Papers, OECD Publishing, number 1471, May, DOI: 10.1787/7ad06329-en.
• Celebi, Kaan & Hönig, Michaela, 2018, "Dynamic macroeconomic effects on the German stock market before and after the financial crisis," Working Paper Series, Frankfurt University of Applied Sciences, Faculty of Business and Law, number 13.
• Mughal, Khurrum & Schneider, Friedrich, 2018, "Shadow Economy in Pakistan: Its Size and Interaction with Official Economy," MPRA Paper, University Library of Munich, Germany, number 87087, May.
• Mendy, David & Widodo, Tri, 2018, "Two Stage Markov Switching Model: Identifying the Indonesian Rupiah Per US Dollar Turning Points Post 1997 Financial Crisis," MPRA Paper, University Library of Munich, Germany, number 86728, May.
• Wolfgang Britz & Roberto Roson, 2018, "Exploring Long Run Structural Change with a Dynamic General Equilibrium Model," Working Papers, Department of Economics, University of Venice "Ca' Foscari", number 2018: 12.
• Abderrazak Said Belabes, 2017, "Economic Feasibility Study and its Impact on the Financing Decision: An Applied Study to Islamic Banks in Jordan Ph.D. Thesis prepared by Esmat Abdelhalim Namer Almustafa Reviewed by: Abdulrazzaq Bela," Book reviews and book reports published in the Journal of King Abdulaziz University: Islamic Economics., King Abdulaziz University, Islamic Economics Institute., number 14, Oct, DOI: 10.4197/Islec.30-3.13.
• Item repec:imf:imfscr:18/128 is not listed on IDEAS anymore

• Esther Mirjam Girsberger & Miriam Rinawi & Matthias Krapf, 2018, "Wages and employment: The role of occupational skills," Economics of Education Working Paper Series, University of Zurich, Department of Business Administration (IBW), number 0153, Jun.
• Nilofer, Nilofer & Qayyum, Abdul, 2018, "Impact of Foreign Direct Investment on Growth in Pakistan: The ARDL Approach," MPRA Paper, University Library of Munich, Germany, number 86961, revised 2018.
• Luigi Guiso & Tullio Jappelli, 2018, "Investment in Financial Information and Portfolio Performance," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 501, Jun.
• Xing, Victor, 2018, "Bifurcation as Seen in Silicon Beach Prosperity and Eviction Boom," MPRA Paper, University Library of Munich, Germany, number 86775, Apr.
• Rodrigo Octávio Orair & Sergio Wulff Gobetti, 2017, "From expansion to austerity: challenges and risks of the radical fiscal policy turn in Brazil," One Pager, International Policy Centre, number 360, Aug.
• Jesse Bricker & Peter Hansen & Alice Henriques Volz, 2018, "How Much has Wealth Concentration Grown in the United States? A Re-Examination of Data from 2001-2013," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-024, Apr, DOI: 10.17016/FEDS.2018.024.
• Woodford, Michael, 2018, "Monetary Policy Analysis when Planning Horizons are Finite," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12968, Jun.
• Taylor, Alan M. & Jordà , Ã’scar & Schularick, Moritz & Ward, Felix, 2018, "Global financial cycles and risk premiums," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 12969, Jun.
• Item repec:imf:imfscr:18/135 is not listed on IDEAS anymore

• Eustasio Del Barrio & Juan Cuesta Albertos & Marc Hallin & Carlos Matran, 2018, "Smooth Cyclically Monotone Interpolation and Empirical Center-Outward Distribution Functions," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number 2018-15, May.
• Item repec:imf:imfscr:18/141 is not listed on IDEAS anymore

• Baert, Stijn & Matthijs, Herman & Verdievel, Ilse, 2018, "Voting with your wallet? Municipal budget policy and election results," Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel), number 2018-47.

Report NEP-MAC-2018-06-25

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: