Report NEP-MAC-2018-08-13

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:

• Gunda-Alexandra Detmers & Özer Karagedikli & Richhild Moessner, 2018. "Quantitative or qualitative forward guidance: Does it matter?," CAMA Working Papers 2018-36, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Michael T. Belongia & Peter N. Ireland, 2018. "Monetary Policy Lessons from the Greenbook," Boston College Working Papers in Economics 955, Boston College Department of Economics.
• Nathan Sussman & Osnat Zohar, 2018. "Has inflation targeting become less credible?," BIS Working Papers 729, Bank for International Settlements.
• Sangyup Choi, 2018. "Bank Lending Standards, Loan Demand, and the Macroeconomy: Evidence from the Emerging Market Bank Loan Officer Survey," Working papers 2018rwp-126, Yonsei University, Yonsei Economics Research Institute.
• Mumtaz, Haroon & Theodoridis, Konstantinos, 2018. "Fiscal Policy Shocks and Stock Prices in the United State," Cardiff Economics Working Papers E2018/20, Cardiff University, Cardiff Business School, Economics Section.
• Hirokuni Iiboshi & Mototsugu Shintani & Kozo Ueda, 2018. "Estimating a nonlinear new Keynesian model with the zero lower bound for Japan," CAMA Working Papers 2018-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Tweneboah Senzu, Emmanuel, 2018. "Theory of catallactics, misapplication in monetary policy in developing economies and consequences," MPRA Paper 87606, University Library of Munich, Germany.
• James Hebden & J. David López-Salido, 2018. "From Taylor's Rule to Bernanke's Temporary Price Level Targeting," Finance and Economics Discussion Series 2018-051, Board of Governors of the Federal Reserve System (U.S.).
• Isabel Cairó & Jae W. Sim, 2018. "Income Inequality, Financial Crises, and Monetary Policy," Finance and Economics Discussion Series 2018-048, Board of Governors of the Federal Reserve System (U.S.).
• Jiménez Polanco, Miguel Alejandro & Ramírez de Leon, Francisco Alberto, 2018. "Análisis del canal del crédito en presencia de racionamiento: Evidencia para Centroamérica y la República Dominicana [Credit Channel Analysis in Presence of Credit Crunches: Evidence for Central Am," MPRA Paper 87712, University Library of Munich, Germany.
• Guillaume Claveres & Jan Stráský, 2018. "Euro Area unemployment insurance at the time of zero nominal interest rates," OECD Economics Department Working Papers 1498, OECD Publishing.
• Eric Jondeau & Jean-Guillaume Sahuc, 2018. "A General Equilibrium Appraisal of Capital Shortfall," Swiss Finance Institute Research Paper Series 18-12, Swiss Finance Institute, revised Feb 2018.
• Jorge E. Galán & Javier Mencía, 2018. "Empirical assessment of alternative structural methods for identifying cyclical systemic risk in Europe," Working Papers 1825, Banco de España.
• Stephen McKnight & Alexander Mihailov & Fabio Rumler, 2018. "NKPC-Based Inflation Forecasts with a Time-Varying Trend," Serie documentos de trabajo del Centro de Estudios Económicos 2018-05, El Colegio de México, Centro de Estudios Económicos.
• Saleem Bahaj & Ricardo Reis, 2018. "Central Bank Swap Lines," CESifo Working Paper Series 7124, CESifo.
• Andrea Berardi & Alberto Plazzi, 2018. "Inflation Risk Premia, Yield Volatility and Macro Factors," Swiss Finance Institute Research Paper Series 18-13, Swiss Finance Institute, revised Mar 2018.
• Giovanni Caggiano & Efrem Castelnuovo & Gabriela Nodari, 2018. "Risk Management-Driven Policy Rate Gap," "Marco Fanno" Working Papers 0225, Dipartimento di Scienze Economiche "Marco Fanno".
• Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018. "Wealth Preference and Rational Bubbles," CESifo Working Paper Series 7148, CESifo.
• Jaccard, Ivan, 2018. "Stochastic discounting and the transmission of money supply shocks," Working Paper Series 2174, European Central Bank.
• Hans Gersbach & Jean-Charles Rochet & Martin Scheffel, 2017. "Financial Intermediation, Capital Accumulation and Crisis Recovery," Swiss Finance Institute Research Paper Series 17-38, Swiss Finance Institute.
• Christopher Roth & Johannes Wohlfart, 2018. "How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?," CESifo Working Paper Series 7154, CESifo.
• Dongho Song & Jenny Tang, 2018. "News-driven uncertainty fluctuations," Working Papers 18-3, Federal Reserve Bank of Boston.
• Guillaume Claveres & Jan Stráský, 2018. "Stabilising the Euro Area through unemployment benefits re-insurance scheme," OECD Economics Department Working Papers 1497, OECD Publishing.
• Taisuke Nakata & Ryota Ogaki & Sebastian Schmidt & Paul Yoo, 2018. "Attenuating the Forward Guidance Puzzle : Implications for Optimal Monetary Policy," Finance and Economics Discussion Series 2018-049, Board of Governors of the Federal Reserve System (U.S.).
• Forni, Mario & Di Bonaventura, Luca & Pattarin, Francesco, 2018. "The Forcasting Performance of Dynamic Factor Models with Vintage Data," CEPR Discussion Papers 13034, C.E.P.R. Discussion Papers.
• Lehment, Harmen, 2018. "Fiscal implications of the ECB's public sector purchase programme (PSPP)," Kiel Working Papers 2107, Kiel Institute for the World Economy (IfW Kiel).
• Sangyup Choi & Myungkyu Shim, 2018. "Labor Market Dynamics in Developing Economies: the Role of Subsistence Consumption," Working papers 2018rwp-127, Yonsei University, Yonsei Economics Research Institute.
• Semyon Malamud & Andreas Schrimpf, 2018. "An Intermediation-Based Model of Exchange Rates," Swiss Finance Institute Research Paper Series 18-14, Swiss Finance Institute, revised Jun 2018.
• Item repec:spo:wpmain:info:hdl:2441/sb7ftvod18eb8hqptthmmeddt 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 1823, Banco de España.
• Taisuke Nakata & Sebastian Schmidt & Paul Yoo, 2018. "Speed Limit Policy and Liquidity Traps," Finance and Economics Discussion Series 2018-050, Board of Governors of the Federal Reserve System (U.S.).
• Gabriele Fiorentini & Alessandro Galesi & Gabriel Pérez-Quirós & Enrique Sentana, 2018. "The Rise and Fall of the Natural Interest Rate," Working Paper series 18-29, Rimini Centre for Economic Analysis.
• Mothuti, Gosego & Phiri, Andrew, 2018. "inflation-growth nexus in Botswana: Can lower inflation really spur growth in the country?," MPRA Paper 87497, University Library of Munich, Germany.
• Gabriele Fiorentini & Alessandro Galesi & Gabriel Pérez-Quirós & Enrique Sentana, 2018. "The rise and fall of the natural interest rate," Working Papers 1822, Banco de España.
• Jean-Bernard Chatelain & Kirsten Ralf, 2018. "Imperfect Credibility versus No Credibility of Optimal Monetary Policy," PSE Working Papers halshs-01849864, HAL.
• Ali, Amjad & Zulfiqar, Kalsoom, 2018. "An Assessment of Association between Natural Resources Agglomeration and Unemployment in Pakistan," MPRA Paper 87968, University Library of Munich, Germany.
• Hiermeyer, Martin, 2018. "An Improved LM Curve," MPRA Paper 87631, University Library of Munich, Germany.
• Michal Franta, 2018. "The likelihood of effective lower bound events," BIS Working Papers 731, Bank for International Settlements.
• Jagjit S. Chadha, 2018. "Of Gold and Paper Money," Discussion Papers 1821, Centre for Macroeconomics (CFM).
• Isabel Schnabel & Johannes Tischer, 2018. "Banks’ Trading after the Lehman Crisis – The Role of Unconventional Monetary Policy," CRC TR 224 Discussion Paper Series crctr224_036_2018, University of Bonn and University of Mannheim, Germany.
• Heider, Florian & Saidi, Farzad & Schepens, Glenn, 2018. "Life below zero: bank lending under negative policy rates," Working Paper Series 2173, European Central Bank.
• Jean-Marc Fournier & Manuel Bétin, 2018. "Limits to government debt sustainability in middle-income countries," OECD Economics Department Working Papers 1493, OECD Publishing.
• Isabelle Salle & Pascal Seppecher, 2017. "Stabilizing an Unstable Complex Economy," Working Papers hal-01527740, HAL.
• Hjortsø, Ida & Forbes, Kristin & Nenova, Tsvetelina, 2018. "The Shocks Matter: Improving our Estimates of Exchange Rate Pass-Through," CEPR Discussion Papers 13037, C.E.P.R. Discussion Papers.
• Emanuel Kopp & Peter D. Williams, 2018. "A Macroeconomic Approach to the Term Premium," IMF Working Papers 18/140, International Monetary Fund.
• Bongardt, Annette & Torres, Francisco, 2016. "EMU reform and resilience in a re-dimensioned EU," LSE Research Online Documents on Economics 69001, London School of Economics and Political Science, LSE Library.
• Kolasa, Marcin & Wesołowski, Grzegorz, 2018. "International spillovers of quantitative easing," Working Paper Series 2172, European Central Bank.
• Øivind Anti Nilsen & Magne Vange, 2018. "Intermittent Price Changes in Production Plants: Empirical Evidence Using Monthly Data," CESifo Working Paper Series 7145, CESifo.
• Aikman, David & Bridges, Jonathan & Burgess, Stephen & Galletly, Richard & Levina, Iren & O'Neill, Cian & Varadi, Alexandra, 2018. "Measuring risks to UK financial stability," Bank of England working papers 738, Bank of England.
• Franz Seitz & Hans-Eggert Reimers & Friedrich Schneider, 2018. "Cash in Circulation and the Shadow Economy: An Empirical Investigation for Euro Area Countries and Beyond," CESifo Working Paper Series 7143, CESifo.
• Lorenzo, Cerboni Baiardi & Ahmad, Naimzada, 2018. "Existence, multiplicity and dynamic complexity in an OLG model with fiscal policy and debt," Working Papers 385, University of Milano-Bicocca, Department of Economics, revised 28 Jul 2018.
• Raghavan, Mala & Athanasopoulos, George, 2018. "Analysis of shock transmissions to a small open emerging economy using a SVARMA model," Working Papers 2018-02, University of Tasmania, Tasmanian School of Business and Economics.
• Andrew Phiri, 2018. "Fitting Okun's law for the Swazi Kingdom: Will a nonlinear specification do?," Working Papers 1829, Department of Economics, Nelson Mandela University.
• Ralph Schmitt-Nilson, 2018. "Enhanced Fiscal Integration in the EMU? Proceedings of the joint workshop, organised by the European Commission, the European Stability Mechanism and the German Council of Economic Experts on 19 Septe," European Economy - Discussion Papers 082, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Jean-Bernard Chatelain & Kirsten Ralf, 2017. "A Simple Algorithm for Solving Ramsey Optimal Policy with Exogenous Forcing Variables," Working Papers hal-01577606, HAL.
• Habimana, Olivier, 2018. "Asymmetry and Multiscale Dynamics in Macroeconomic Time Series Analysis," MPRA Paper 87823, University Library of Munich, Germany.
• Alain Kabundi & Montfort Mlachila, 2018. "Monetary Policy Credibility and Exchange Rate PassThrough in South Africa," Working Papers 8690, South African Reserve Bank.
• Peter van de Ven & Jorrit Zwijnenburg & Matthew De Queljoe, 2018. "Including unpaid household activities: An estimate of its impact on macro-economic indicators in the G7 economies and the way forward," OECD Statistics Working Papers 2018/4, OECD Publishing.
• Yan Carriere-Swallow & Antonio David & Daniel Leigh, 2018. "The Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: Evidence from Latin America," IMF Working Papers 18/142, International Monetary Fund.
• Sebastian Acevedo Mejia & Mico Mrkaic & Natalija Novta & Evgenia Pugacheva & Petia Topalova, 2018. "The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?," IMF Working Papers 18/144, International Monetary Fund.
• IKEDA Yuichi & YOSHIKAWA Hiroshi, 2018. "Macroprudential Modeling Based on Spin Dynamics in a Supply Chain Network," Discussion papers 18045, Research Institute of Economy, Trade and Industry (RIETI).
• Alena Bicakova & Guido Matias Cortes & Jacopo Mazza, 2018. "Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates," CERGE-EI Working Papers wp622, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Claudia M. Buch & Matthieu Bussière & Linda Goldberg & Robert Hills, 2018. "The International Transmission of Monetary Policy," CESifo Working Paper Series 7155, CESifo.
• Gregorio Impavido, 2018. "Short Term Inflation Determinants in Barbados," IMF Working Papers 18/134, International Monetary Fund.
• Marco Fongoni, 2018. "Workers' reciprocity and the (ir)relevance of wage cyclicality for the volatility of job creation," Working Papers 1809, University of Strathclyde Business School, Department of Economics.
• Jean-Pierre Danthine, 2017. "Negative interest rates in Switzerland: what have we learned?," Working Papers halshs-01571635, HAL.
• Gilles Saint-Paul & Davide Ticchi & Andrea Vindigni, 2017. "Engineering Crises: Favoritism and Strategic Fiscal Indiscipline," Working Papers halshs-01584043, HAL.
• Matthias Krapf, 2018. "The Joint Distribution of Wealth and Income Risk: Evidence from Bern," CESifo Working Paper Series 7130, CESifo.
• Jeremy Greenwood & Pengfei Han & Juan M. Sanchez, 2018. "Financing Ventures," NBER Working Papers 24808, National Bureau of Economic Research, Inc.
• Laurent Linnemer & Michael Visser, 2018. "Jean-Michel Grandmont A forthcoming mind," Working Papers 2018-06, Center for Research in Economics and Statistics.
• Chris Edmond & Virgiliu Midrigan & Daniel Yi Xu, 2018. "How Costly Are Markups?," NBER Working Papers 24800, National Bureau of Economic Research, Inc.
• Christodoulakis, Nicos, 2016. "Aspects of economic governance in the Euro area: restoring internal and external balances," LSE Research Online Documents on Economics 69169, London School of Economics and Political Science, LSE Library.
• Eric Budish, 2018. "The Economic Limits of Bitcoin and the Blockchain," NBER Working Papers 24717, National Bureau of Economic Research, Inc.
• Jaelani, Aan, 2018. "Sistem anggaran berbasis kinerja pada APBN di Indonesia perspektif ekonomi Islam [A performance-based budget system in Indonesia's state budget in Islamic economic perspective]," MPRA Paper 87984, University Library of Munich, Germany, revised 07 Jul 2018.
• Alena Bicakova & Guido Matias Cortes & Jacopo Mazza, 2018. "Caught in the Cycle: Economic Conditions at Enrollment and Labor Market Outcomes of College Graduates," Working Paper series 18-32, Rimini Centre for Economic Analysis.
• Jiranyakul, Komain, 2018. "Exchange Rate Pass-through to Domestic Prices in Thailand, 2000-2017," MPRA Paper 87492, University Library of Munich, Germany.
• Geraldine Dany-Knedlik & Juan Angel Garcia, 2018. "Monetary Policy and Inflation Dynamics in ASEAN Economies," IMF Working Papers 18/147, International Monetary Fund.
• Eugenio Caverzasi & Alberto Russo, 2018. "Toward a New Microfounded Macroeconomics in the Wake of the Crisis," LEM Papers Series 2018/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Facundo Piguillem & Alessandro Riboni, 2018. "Fiscal Rules as Bargaining Chips," Working Papers 2018-02, Center for Research in Economics and Statistics.
• Atif Mian & Amir Sufi, 2018. "Credit Supply and Housing Speculation," NBER Working Papers 24823, National Bureau of Economic Research, Inc.
• Spelta, Alessandro & Pecora, Nicolò & Flori, Andrea & Pammolli, Fabio, 2018. "Transition drivers and crisis signaling in stock markets," MPRA Paper 88127, University Library of Munich, Germany.
• Adrian Peralta-Alva & Marina Mendes Tavares & Xuan S. Tam & Xin Tang, 2018. "The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low-income Countries," IMF Working Papers 18/146, International Monetary Fund.
• Øivind Anti Nilsen & Per Marius Pettersen & Joakim Bratlie, 2018. "Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data," CESifo Working Paper Series 7138, CESifo.
• Joost Bats & Jan Willem van den End & John Thoolen, 2018. "Revisiting the central bank's lender of last resort function," DNB Occasional Studies 1604, Netherlands Central Bank, Research Department.
• Jean-Marc Fournier & Manuel Bétin, 2018. "Sovereign defaults: Evidence on the importance of government effectiveness," OECD Economics Department Working Papers 1494, OECD Publishing.
• Kenneth N. Kuttner, 2018. "Outside the Box: Unconventional Monetary Policy in the Great Recession and Beyond," Department of Economics Working Papers 2018-04, Department of Economics, Williams College.
• Gordon, Robert J., 2018. "Why Has Economic Growth Slowed When Innovation Appears To Be Accelerating?," CEPR Discussion Papers 13039, C.E.P.R. Discussion Papers.
• Jakob B. Madsen & Antonio Minniti & Francesco Venturini, 2018. "Wealth inequality in the long run: A Schumpeterian growth perspective," CAMA Working Papers 2018-35, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Dirk Niepelt, 2018. "Reserves for All? Central Bank Digital Currency, Deposits, and their (Non)-Equivalence," Working Papers 18.02, Swiss National Bank, Study Center Gerzensee.
• Gary Koop & Stuart McIntyre & James Mitchell, 2018. "UK regional nowcasting using a mixed frequency vector autoregressive model," Working Papers 1805, University of Strathclyde Business School, Department of Economics.
• Juan Pablo Iglesias Ruano, 2018. "El crecimiento del gasto del gobierno en Colombia: Una revisión empírica trimestral desde 1995 hasta 2017 de la hipótesis de Wagner," Vniversitas Económica, Universidad Javeriana - Bogotá, vol. 0(0), pages 1-44, April.
• Martin Iseringhausen & Hauke Vierke, 2018. "What Drives Output Volatility? The Role of Demographics and Government Size Revisited," European Economy - Discussion Papers 075, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Andrés Castañeda & Santiago Garriga & Leonardo Gasparini & Leonardo Lucchetti & Daniel Valderrama, 2018. "How Sensitive is Regional Poverty Measurement in Latin America to the Value of the Poverty Line?," CEDLAS, Working Papers 0233, CEDLAS, Universidad Nacional de La Plata.
• Chandra, Situmeang & Erlina, Erlina & Maksum, Azhar & Supriana, Tavi, 2018. "Effect of corporate governance on cost of equity before and after international financial reporting standard implementation," MPRA Paper 87759, University Library of Munich, Germany, revised Mar 2018.
• Carl Duisberg, 2018. "CAP and Monetary Policy," Papers 1807.09475, arXiv.org.
• Roberto Tamborini, 2018. "Macroeconomic Imbalances and the Euro Zone. Alternative Views," EconPol Working Paper 14, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
• Matteo Burzoni & Frank Riedel & H. Mete Soner, 2017. "Does Monetary Policy Impact Market Integration? Evidence from Developed and Emerging Markets," Swiss Finance Institute Research Paper Series 17-48, Swiss Finance Institute.
• Iwo Augusty'nski & Pawe{l} Lasko's-Grabowski, 2018. "Clustering Macroeconomic Time Series," Papers 1807.04004, arXiv.org, revised Jul 2018.
• Flögel, Franz & Gärtner, Stefan, 2018. "The banking systems of Germany, the UK and Spain form a spatial perspective: The German case," IAT Discussion Papers 18/04, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
• Flögel, Franz & Gärtner, Stefan, 2018. "The banking systems of Germany, the UK and Spain form a spatial perspective: The UK case," IAT Discussion Papers 18/03, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
• Jerome L Kreuser & Didier Sornette, 2018. "Bitcoin Bubble Trouble," Swiss Finance Institute Research Paper Series 18-24, Swiss Finance Institute, revised Jun 2018.
• Chandranath Amarasekara & Rahul Anand & Kithsiri Ehelepola & Hemantha Ekanayake & Vishuddhi Jayawickrema & Sujeetha Jegajeevan & Csaba Kober & Tharindi Nugawela & Sergey Plotnikov & Adam Remo & Poongo, 2018. "An Open Economy Quarterly Projection Model for Sri Lanka," IMF Working Papers 18/149, International Monetary Fund.
• Andreas Fagereng & Martin B. Holm & Gisle J. Natvik, 2018. "MPC Heterogeneity and Household Balance Sheets," CESifo Working Paper Series 7134, CESifo.
• Martin Shubik, 2018. "Apologia Pro Vita Sua:The Vanishing of the White Whale in the Mists," Cowles Foundation Discussion Papers 2138, Cowles Foundation for Research in Economics, Yale University.
• Tsikas, Stefanos A. & Wagener, Andreas, 2018. "Bringing Tax Avoiders to Light: Moral Framing and Shaming in a Public Goods Experiment," Hannover Economic Papers (HEP) dp-633, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
• Martin Guth, 2018. "Heterogeneous Effects of Unconventional Monetary Policy on Loan Demand and Supply. Insights from the Bank Lending Survey," Papers 1807.04161, arXiv.org.
• Afees A. Salisu & Ahamuefula Ephraim Ogbonna, 2018. "Does time-variation matter in the stochastic volatility components for G7 stock returns," Working Papers 062, Centre for Econometric and Allied Research, University of Ibadan.
• Emanuel Kopp, 2018. "Determinants of U.S. Business Investment," IMF Working Papers 18/139, International Monetary Fund.