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 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:

• Gunda-Alexandra Detmers & Özer Karagedikli & Richhild Moessner, 2018, "Quantitative or Qualitative Forward Guidance: Does It Matter?," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2018-36, Aug.
• Michael T. Belongia & Peter N. Ireland, 2018, "Monetary Policy Lessons from the Greenbook," Boston College Working Papers in Economics, Boston College Department of Economics, number 955, Jul.
• Nathan Sussman & Osnat Zohar, 2018, "Has inflation targeting become less credible?," BIS Working Papers, Bank for International Settlements, number 729, Jun.
• Sangyup Choi, 2018, "Bank Lending Standards, Loan Demand, and the Macroeconomy: Evidence from the Emerging Market Bank Loan Officer Survey," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2018rwp-126, Jul.
• Mumtaz, Haroon & Theodoridis, Konstantinos, 2018, "Fiscal Policy Shocks and Stock Prices in the United State," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2018/20, Aug.
• Hirokuni Iiboshi & Mototsugu Shintani & Kozo Ueda, 2018, "Estimating a Nonlinear New Keynesian Model with the Zero Lower Bound for Japan," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2018-37, Aug.
• Tweneboah Senzu, Emmanuel, 2018, "Theory of catallactics, misapplication in monetary policy in developing economies and consequences," MPRA Paper, University Library of Munich, Germany, number 87606, Jun.
• James Hebden & J. David López-Salido, 2018, "From Taylor's Rule to Bernanke's Temporary Price Level Targeting," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-051, Jul, DOI: 10.17016/FEDS.2018.051.
• Isabel Cairó & Jae W. Sim, 2018, "Income Inequality, Financial Crises, and Monetary Policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-048, Jul, DOI: 10.17016/FEDS.2018.048.
• 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 America and the Dominican Republic]," MPRA Paper, University Library of Munich, Germany, number 87712, Jan.
• Guillaume Claveres & Jan Stráský, 2018, "Euro Area unemployment insurance at the time of zero nominal interest rates," OECD Economics Department Working Papers, OECD Publishing, number 1498, Aug, DOI: 10.1787/99b92f5b-en.
• Eric Jondeau & Jean-Guillaume Sahuc, 2018, "A General Equilibrium Appraisal of Capital Shortfall," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 18-12, Feb, revised Feb 2018.
• Jorge E. Galán & Javier Mencía, 2018, "Empirical assessment of alternative structural methods for identifying cyclical systemic risk in Europe," Working Papers, Banco de España, number 1825, Aug.
• 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, El Colegio de México, Centro de Estudios Económicos, number 2018-05, Jul.
• Saleem Bahaj & Ricardo Reis, 2018, "Central Bank Swap Lines," CESifo Working Paper Series, CESifo, number 7124.
• Andrea Berardi & Alberto Plazzi, 2018, "Inflation Risk Premia, Yield Volatility and Macro Factors," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 18-13, Jan, revised Mar 2018.
• Giovanni Caggiano & Efrem Castelnuovo & Gabriela Nodari, 2018, "Risk Management-Driven Policy Rate Gap," "Marco Fanno" Working Papers, Dipartimento di Scienze Economiche "Marco Fanno", number 0225, Jul.
• Jean-Baptiste Michau & Yoshiyasu Ono & Matthias Schlegl, 2018, "Wealth Preference and Rational Bubbles," CESifo Working Paper Series, CESifo, number 7148.
• Jaccard, Ivan, 2018, "Stochastic discounting and the transmission of money supply shocks," Working Paper Series, European Central Bank, number 2174, Aug.
• Hans Gersbach & Jean-Charles Rochet & Martin Scheffel, 2017, "Financial Intermediation, Capital Accumulation and Crisis Recovery," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 17-38, Dec.
• Christopher Roth & Johannes Wohlfart, 2018, "How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?," CESifo Working Paper Series, CESifo, number 7154.
• Dongho Song & Jenny Tang, 2018, "News-driven uncertainty fluctuations," Working Papers, Federal Reserve Bank of Boston, number 18-3, Jan.
• Guillaume Claveres & Jan Stráský, 2018, "Stabilising the Euro Area through unemployment benefits re-insurance scheme," OECD Economics Department Working Papers, OECD Publishing, number 1497, Aug, DOI: 10.1787/6ab5edd0-en.
• Taisuke Nakata & Ryota Ogaki & Sebastian Schmidt & Paul Yoo, 2018, "Attenuating the Forward Guidance Puzzle : Implications for Optimal Monetary Policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-049, Jul, DOI: 10.17016/FEDS.2018.049.
• Forni, Mario & Di Bonaventura, Luca & Pattarin, Francesco, 2018, "The Forcasting Performance of Dynamic Factor Models with Vintage Data," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13034, Jul.
• Lehment, Harmen, 2018, "Fiscal implications of the ECB's public sector purchase programme (PSPP)," Kiel Working Papers, Kiel Institute for the World Economy, number 2107.
• Sangyup Choi & Myungkyu Shim, 2018, "Labor Market Dynamics in Developing Economies: the Role of Subsistence Consumption," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2018rwp-127, Aug.
• Semyon Malamud & Andreas Schrimpf, 2018, "An Intermediation-Based Model of Exchange Rates," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 18-14, Mar, 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, Banco de España, number 1823, Jul.
• Taisuke Nakata & Sebastian Schmidt & Paul Yoo, 2018, "Speed Limit Policy and Liquidity Traps," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-050, Jul, DOI: 10.17016/FEDS.2018.050.
• Item repec:rim:rimwps:18-29 is not listed on IDEAS anymore

• Mothuti, Gosego & Phiri, Andrew, 2018, "inflation-growth nexus in Botswana: Can lower inflation really spur growth in the country?," MPRA Paper, University Library of Munich, Germany, number 87497, Jun.
• Gabriele Fiorentini & Alessandro Galesi & Gabriel Pérez-Quirós & Enrique Sentana, 2018, "The rise and fall of the natural interest rate," Working Papers, Banco de España, number 1822, Jul.
• Jean-Bernard Chatelain & Kirsten Ralf, 2018, "Imperfect Credibility versus No Credibility of Optimal Monetary Policy," PSE Working Papers, HAL, number halshs-01849864, Jul.
• Ali, Amjad & Zulfiqar, Kalsoom, 2018, "An Assessment of Association between Natural Resources Agglomeration and Unemployment in Pakistan," MPRA Paper, University Library of Munich, Germany, number 87968, Apr.
• Hiermeyer, Martin, 2018, "An Improved LM Curve," MPRA Paper, University Library of Munich, Germany, number 87631, Jun.
• Michal Franta, 2018, "The likelihood of effective lower bound events," BIS Working Papers, Bank for International Settlements, number 731, Jun.
• Jagjit S. Chadha, 2018, "Of Gold and Paper Money," Discussion Papers, Centre for Macroeconomics (CFM), number 1821, Jul.
• Item repec:bon:boncrc:crctr224_036_2018 is not listed on IDEAS anymore

• Heider, Florian & Saidi, Farzad & Schepens, Glenn, 2018, "Life below zero: bank lending under negative policy rates," Working Paper Series, European Central Bank, number 2173, Aug.
• Jean-Marc Fournier & Manuel Bétin, 2018, "Limits to government debt sustainability in middle-income countries," OECD Economics Department Working Papers, OECD Publishing, number 1493, Jul, DOI: 10.1787/deed4df6-en.
• Isabelle Salle & Pascal Seppecher, 2017, "Stabilizing an Unstable Complex Economy," Working Papers, HAL, number hal-01527740, May.
• Hjortsø, Ida & Forbes, Kristin & Nenova, Tsvetelina, 2018, "The Shocks Matter: Improving our Estimates of Exchange Rate Pass-Through," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13037, Jul.
• Item repec:imf:imfwpa:18/140 is not listed on IDEAS anymore

• Bongardt, Annette & Torres, Francisco, 2016, "EMU reform and resilience in a re-dimensioned EU," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 69001, Dec.
• Kolasa, Marcin & Wesołowski, Grzegorz, 2018, "International spillovers of quantitative easing," Working Paper Series, European Central Bank, number 2172, Jul.
• Øivind Anti Nilsen & Magne Vange, 2018, "Intermittent Price Changes in Production Plants: Empirical Evidence Using Monthly Data," CESifo Working Paper Series, CESifo, number 7145.
• David Aikman & Jonathan Bridges & Stephen Burgess & Richard Galletly & Iren Levina & Cian O'Neill & Alexandra Varadi, 2018, "Measuring risks to UK financial stability," Bank of England working papers, Bank of England, number 738, Jul.
• 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, CESifo, number 7143.
• Lorenzo, Cerboni Baiardi & Ahmad, Naimzada, 2018, "Existence, multiplicity and dynamic complexity in an OLG model with fiscal policy and debt," Working Papers, University of Milano-Bicocca, Department of Economics, number 385, Jul, 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, University of Tasmania, Tasmanian School of Business and Economics, number 2018-02.
• Andrew Phiri, 2018, "Fitting Okun's law for the Swazi Kingdom: Will a nonlinear specification do?," Working Papers, Department of Economics, Nelson Mandela University, number 1829, Aug.
• 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 September 2017," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 082, Jul.
• Item repec:hal:wpaper:hal-01577606 is not listed on IDEAS anymore

• Habimana, Olivier, 2018, "Asymmetry and Multiscale Dynamics in Macroeconomic Time Series Analysis," MPRA Paper, University Library of Munich, Germany, number 87823, Jun.
• Alain Kabundi & Montfort Mlachila, 2018, "Monetary Policy Credibility and Exchange Rate PassThrough in South Africa," Working Papers, South African Reserve Bank, number 8690, Aug.
• 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, OECD Publishing, number 2018/4, Jul, DOI: 10.1787/bc9d30dc-en.
• Item repec:imf:imfwpa:18/142 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:18/144 is not listed on IDEAS anymore

• Yuichi IKEDA & Hiroshi YOSHIKAWA, 2018, "Macroprudential Modeling Based on Spin Dynamics in a Supply Chain Network," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 18045, Jul.
• 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, The Center for Economic Research and Graduate Education - Economics Institute, Prague, number wp622, Jul.
• Claudia M. Buch & Matthieu Bussière & Linda Goldberg & Robert Hills, 2018, "The International Transmission of Monetary Policy," CESifo Working Paper Series, CESifo, number 7155.
• Item repec:imf:imfwpa:18/134 is not listed on IDEAS anymore

• Marco Fongoni, 2018, "Workers' reciprocity and the (ir)relevance of wage cyclicality for the volatility of job creation," Working Papers, University of Strathclyde Business School, Department of Economics, number 1809, Jul.
• Jean-Pierre Danthine, 2017, "Negative interest rates in Switzerland: what have we learned?," Working Papers, HAL, number halshs-01571635, Jul.
• Gilles Saint-Paul & Davide Ticchi & Andrea Vindigni, 2017, "Engineering Crises: Favoritism and Strategic Fiscal Indiscipline," Working Papers, HAL, number halshs-01584043, Sep.
• Matthias Krapf, 2018, "The Joint Distribution of Wealth and Income Risk: Evidence from Bern," CESifo Working Paper Series, CESifo, number 7130.
• Jeremy Greenwood & Pengfei Han & Juan M. Sanchez, 2018, "Financing Ventures," NBER Working Papers, National Bureau of Economic Research, Inc, number 24808, Jul.
• Laurent Linnemer & Michael Visser, 2018, "Jean-Michel Grandmont A forthcoming mind," Working Papers, Center for Research in Economics and Statistics, number 2018-06, May.
• Chris Edmond & Virgiliu Midrigan & Daniel Yi Xu, 2018, "How Costly Are Markups?," NBER Working Papers, National Bureau of Economic Research, Inc, number 24800, Jul.
• Christodoulakis, Nicos, 2016, "Aspects of economic governance in the Euro area: restoring internal and external balances," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 69169, Dec.
• Eric Budish, 2018, "The Economic Limits of Bitcoin and the Blockchain," NBER Working Papers, National Bureau of Economic Research, Inc, number 24717, Jun.
• 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, University Library of Munich, Germany, number 87984, Jun, revised 07 Jul 2018.
• Item repec:rim:rimwps:18-32 is not listed on IDEAS anymore

• Jiranyakul, Komain, 2018, "Exchange Rate Pass-through to Domestic Prices in Thailand, 2000-2017," MPRA Paper, University Library of Munich, Germany, number 87492, Jun.
• Item repec:imf:imfwpa:18/147 is not listed on IDEAS anymore

• Eugenio Caverzasi & Alberto Russo, 2018, "Toward a New Microfounded Macroeconomics in the Wake of the Crisis," LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number 2018/23, Aug.
• Facundo Piguillem & Alessandro Riboni, 2018, "Fiscal Rules as Bargaining Chips," Working Papers, Center for Research in Economics and Statistics, number 2018-02, Mar.
• Atif Mian & Amir Sufi, 2018, "Credit Supply and Housing Speculation," NBER Working Papers, National Bureau of Economic Research, Inc, number 24823, Jul.
• Spelta, Alessandro & Pecora, Nicolò & Flori, Andrea & Pammolli, Fabio, 2018, "Transition drivers and crisis signaling in stock markets," MPRA Paper, University Library of Munich, Germany, number 88127, Jul.
• Item repec:imf:imfwpa:18/146 is not listed on IDEAS anymore

• Øivind Anti Nilsen & Per Marius Pettersen & Joakim Bratlie, 2018, "Time-Dependency in Producers' Price Adjustments: Evidence from Micro Panel Data," CESifo Working Paper Series, CESifo, number 7138.
• Item repec:dnb:dnbocs:1604 is not listed on IDEAS anymore

• Jean-Marc Fournier & Manuel Bétin, 2018, "Sovereign defaults: Evidence on the importance of government effectiveness," OECD Economics Department Working Papers, OECD Publishing, number 1494, Jul, DOI: 10.1787/e6eb6668-en.
• Kenneth N. Kuttner, 2018, "Outside the Box: Unconventional Monetary Policy in the Great Recession and Beyond," Department of Economics Working Papers, Department of Economics, Williams College, number 2018-04, Aug.
• Gordon, Robert J., 2018, "Why Has Economic Growth Slowed When Innovation Appears To Be Accelerating?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13039, Jul.
• Jakob B. Madsen & Antonio Minniti & Francesco Venturini, 2018, "Wealth Inequality in the Long Run: A Schumpeterian Growth Perspective," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2018-35, Jul.
• Dirk Niepelt, 2018, "Reserves for All? Central Bank Digital Currency, Deposits, and their (Non)-Equivalence," Working Papers, Swiss National Bank, Study Center Gerzensee, number 18.02, Jul.
• Gary Koop & Stuart McIntyre & James Mitchell, 2018, "UK regional nowcasting using a mixed frequency vector autoregressive model," Working Papers, University of Strathclyde Business School, Department of Economics, number 1805, Jul.
• 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, volume 0, issue 0, pages 1-44.
• Martin Iseringhausen & Hauke Vierke, 2018, "What Drives Output Volatility? The Role of Demographics and Government Size Revisited," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 075, Jan.
• 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, CEDLAS, Universidad Nacional de La Plata, number 0233, Aug.
• 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, University Library of Munich, Germany, number 87759, Feb, revised Mar 2018.
• Carl Duisberg, 2018, "CAP and Monetary Policy," Papers, arXiv.org, number 1807.09475, Jul.
• Roberto Tamborini, 2018, "Macroeconomic Imbalances and the Euro Zone. Alternative Views," EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 14.
• 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, Swiss Finance Institute, number 17-48, Dec.
• Iwo Augusty'nski & Pawe{l} Lasko's-Grabowski, 2018, "Clustering Macroeconomic Time Series," Papers, arXiv.org, number 1807.04004, Jul, 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, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences, number 18/04.
• Flögel, Franz & Gärtner, Stefan, 2018, "The banking systems of Germany, the UK and Spain form a spatial perspective: The UK case," IAT Discussion Papers, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences, number 18/03.
• Jerome L Kreuser & Didier Sornette, 2018, "Bitcoin Bubble Trouble," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 18-24, Mar, revised Jun 2018.
• Item repec:imf:imfwpa:18/149 is not listed on IDEAS anymore

• Andreas Fagereng & Martin B. Holm & Gisle J. Natvik, 2018, "MPC Heterogeneity and Household Balance Sheets," CESifo Working Paper Series, CESifo, number 7134.
• Martin Shubik, 2018, "Apologia Pro Vita Sua:The Vanishing of the White Whale in the Mists," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2138, Jul.
• Tsikas, Stefanos A. & Wagener, Andreas, 2018, "Bringing Tax Avoiders to Light: Moral Framing and Shaming in a Public Goods Experiment," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, number dp-633, Jul.
• Martin Guth, 2018, "Heterogeneous Effects of Unconventional Monetary Policy on Loan Demand and Supply. Insights from the Bank Lending Survey," Papers, arXiv.org, number 1807.04161, Jul.
• Afees A. Salisu & Ahamuefula Ephraim Ogbonna, 2018, "Does time-variation matter in the stochastic volatility components for G7 stock returns," Working Papers, Centre for Econometric and Allied Research, University of Ibadan, number 062, Jul.
• Item repec:imf:imfwpa:18/139 is not listed on IDEAS anymore

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 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: