Report NEP-MAC-2018-08-20

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:

• Alban Moura & Kyriacos Lambrias, 2018, "LU-EAGLE: A DSGE model for Luxembourg within the euro area and global economy," BCL working papers, Central Bank of Luxembourg, number 122, Jul.
• Timothy Jackson & Laurence J. Kotlikoff, 2018, "Banks as Potentially Crooked Secret-Keepers," NBER Working Papers, National Bureau of Economic Research, Inc, number 24751, Jun.
• ,, 2018, "Reserves For All? Central Bank Digital Currency, Deposits, and their (Non)-Equivalence," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13065, Jul.
• Ademmer, Martin & Jannsen, Nils, 2018, "Post-crisis business investment in the euro area and the role of monetary policy," Open Access Publications from Kiel Institute for the World Economy, Kiel Institute for the World Economy, number 180839, DOI: 10.1080/00036846.2018.1436147.
• Vadim Elenev & Tim Landvoigt & Stijn Van Nieuwerburgh, 2018, "A Macroeconomic Model with Financially Constrained Producers and Intermediaries," NBER Working Papers, National Bureau of Economic Research, Inc, number 24757, Jun.
• Joerg Schmidt, 2018, "Unconventional Monetary Policy and Bank Risk-Taking in the Euro Area," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 201824.
• COULIBALY, Louphou, 2018, "Monetary policy in sudden stop-prone economies," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques, number 2018-03.
• Kristina Bluwstein & Michał Brzoza-Brzezina & Paolo Gelain & Marcin Kolasa, 2018, "Multi-period loans, occasionally binding constraints and Monetary policy: a quantitative evaluation," Bank of England working papers, Bank of England, number 749, Aug.
• Lorenzo Burlon & Alessandro Notarpietro & Massimiliano Pisani, 2018, "Macroeconomic effects of an open-ended Asset Purchase Programme," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1185, Jul.
• Julien BENGUI & Toan PHAN, 2018, "Asset Pledgeability and Endogenously Leveraged Bubbles," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ, number 07-2018.
• BENGUI, Julien & PHAN, Toan, 2018, "Asset pledgeability and endogenously leveraged bubbles," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques, number 2018-04.
• Paolo Pasimeni, 2018, "The Relation between Productivity and Compensation in Europe," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 079, Mar.
• Chizonde, Bright, 2016, "The Macroeconomic Determinants of Economic Growth in Zambia: Do Copper prices matter?," MPRA Paper, University Library of Munich, Germany, number 87854, Nov.
• David Greenlaw & James D. Hamilton & Ethan Harris & Kenneth D. West, 2018, "A Skeptical View of the Impact of the Fed’s Balance Sheet," NBER Working Papers, National Bureau of Economic Research, Inc, number 24687, Jun.
• Bernardino Adão & André C. Silva, 2018, "Sub-Optimality of the Friedman Rule with Distorting Taxes," Working Papers, Banco de Portugal, Economics and Research Department, number w201803.
• Bronson Argyle & Taylor D. Nadauld & Christopher Palmer & Ryan D. Pratt, 2018, "The Capitalization of Consumer Financing into Durable Goods Prices," NBER Working Papers, National Bureau of Economic Research, Inc, number 24699, Jun.
• Kristin Forbes & Ida Hjortsoe & Tsvetelina Nenova, 2018, "The Shocks Matter: Improving Our Estimates of Exchange Rate Pass-Through," NBER Working Papers, National Bureau of Economic Research, Inc, number 24773, Jun.
• Romanos Priftis & Srecko Zimic, 2018, "Sources of Borrowing and Fiscal Multipliers," Staff Working Papers, Bank of Canada, number 18-32, DOI: 10.34989/swp-2018-32.
• Jesus Crespo Cuaresma & Jan Capek, 2018, "We just estimated twenty million fiscal multipliers," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp268, Aug.
• Thomas Palley, 2018, "Government Spending and the Income-Expenditure Model: The Multiplier, Spending Composition, and Job Guarantee Programs," FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 30-2018.
• Escañuela Romana, Ignacio, 2018, "Instability in the basic New Keynesian model under limited information," MPRA Paper, University Library of Munich, Germany, number 88015, Jul.
• Jarko Fidrmuc & Moritz Degler, 2018, "Temporal and Spatial Dependence of Inter-Regional Risk Sharing: Evidence from Russia," Working Papers, Leibniz Institut für Ost- und Südosteuropaforschung (Leibniz Institute for East and Southeast European Studies), number 373, Jul.
• Roberto Blanco & Noelia Jiménez, 2018, "Credit allocation along the business cycle: evidence from the latest boom bust credit cycle in Spain," Working Papers, Banco de España, number 1826, Aug.
• Mari Tanaka & Nicholas Bloom & Joel M. David & Maiko Koga, 2018, "Firm Performance and Macro Forecast Accuracy," NBER Working Papers, National Bureau of Economic Research, Inc, number 24776, Jun.
• Topan, Ligia & Castro, César & Jerez, Miguel & Barge-Gil, Andrés, 2017, "Oil price pass-through into inflation in Spain at national and regional level," MPRA Paper, University Library of Munich, Germany, number 87821, Jan.
• Jacques Rouillard & Jean-François Rouillard, 2018, "Perspective historique sur l’évolution des salaires réels au Québec (1940-2016)," Cahiers de recherche, Departement d'économique de l'École de gestion à l'Université de Sherbrooke, number 18-04, Aug.
• Gauti Eggertsson & Vaishali Garga, 2018, "Sticky Prices versus Sticky Information: Does It Matter For Policy Paradoxes?," 2018 Meeting Papers, Society for Economic Dynamics, number 577.
• Jesus Ferreiro & Carmen Gómez, 2018, "Employment protection and labour market performance in European Union countries during the Great Recession," FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 31-2018.
• António Afonso & Frederico Silva Leal, 2018, "Fiscal Multipliers in the Eurozone: A SVAR Analysis," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2018/47, Aug.
• David Rezza Baqaee & Emmanuel Farhi, 2018, "Macroeconomics with Heterogeneous Agents and Input-Output Networks," NBER Working Papers, National Bureau of Economic Research, Inc, number 24684, Jun.
• Jordi Galí, 2018, "The State of New Keynesian Economics: A Partial Assessment," NBER Working Papers, National Bureau of Economic Research, Inc, number 24845, Jul.
• Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2018, "On DSGE Models," NBER Working Papers, National Bureau of Economic Research, Inc, number 24811, Jul.
• Nikolay Iskrev, 2018, "Calibration and the estimation of macroeconomic models," Working Papers, Banco de Portugal, Economics and Research Department, number w201801.
• Richard T. Thakor & Robert C. Merton, 2018, "Trust in Lending," NBER Working Papers, National Bureau of Economic Research, Inc, number 24778, Jun.
• Item repec:gii:giihei:heidwp14-2016 is not listed on IDEAS anymore

• Matteo Deleidi & Walter Paternesi Meloni & Antonella Stirati, 2018, "Structural change, labour productivity and the Kaldor-Verdoorn law: evidence from European countries," Departmental Working Papers of Economics - University 'Roma Tre', Department of Economics - University Roma Tre, number 0239, Jul.
• Omar Barbiero & Emmanuel Farhi & Gita Gopinath & Oleg Itskhoki, 2018, "The Macroeconomics of Border Taxes," NBER Working Papers, National Bureau of Economic Research, Inc, number 24702, Jun.
• Olivier Coibion & Yuriy Gorodnichenko & Saten Kumar & Mathieu Pedemonte, 2018, "Inflation Expectations as a Policy Tool?," NBER Working Papers, National Bureau of Economic Research, Inc, number 24788, Jun.
• Item repec:imf:imfscr:18/198 is not listed on IDEAS anymore

• Zimmermann, Klaus F., 2018, "Reflections on wage-setting," GLO Discussion Paper Series, Global Labor Organization (GLO), number 230.
• Andrew K. Rose, 2018, "Currency Wars? Unconventional Monetary Policy Does Not Stimulate Exports," NBER Working Papers, National Bureau of Economic Research, Inc, number 24817, Jul.
• Andrew Phiri, 2018, "Endogenous monetary approach to optimal inflation-growth nexus in Swaziland," Working Papers, Department of Economics, Nelson Mandela University, number 1827, Jul.
• Phiri, Andrew, 2018, "Endogenous monetary approach to optimal inflation-growth nexus in Swaziland," MPRA Paper, University Library of Munich, Germany, number 88258, Jul.
• Silvia Gabrieli & Claire Labonne, 2018, "Bad Sovereign or Bad Balance Sheets? Euro Interbank Market Fragmentation and Monetary Policy, 2011-2015," Working papers, Banque de France, number 687.
• Takayuki Tsuruga & Shota Wake, 2018, "Money-Financed Fiscal Stimulus: The Effects of Implementation Lag," ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka, number 1038, Aug.
• Item repec:imf:imfscr:18/187 is not listed on IDEAS anymore

• Gianluca Cafiso & Roberto Cellini, 2018, "How Much Binding Is the Bill?," CESifo Working Paper Series, CESifo, number 7147.
• Nyoni, Thabani, 2018, "What determines private investment in Burundi?," MPRA Paper, University Library of Munich, Germany, number 87614, May.
• Jouchi Nakajima, 2018, "The role of household debt heterogeneity on consumption: Evidence from Japanese household data," BIS Working Papers, Bank for International Settlements, number 736, Jul.
• Capek, Jan & Crespo Cuaresma, Jesus, 2018, "We just estimated twenty million fiscal multipliers," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 268, Aug.
• Christian Osterhold, 2018, "Fear the walking dead: zombie firms, spillovers and exit barriers," Working Papers, Banco de Portugal, Economics and Research Department, number w201811.
• Alex Clymo, 2018, "Firm Dynamics at the Zero Lower Bound," 2018 Meeting Papers, Society for Economic Dynamics, number 912.
• Rossi-Hansberg, Esteban & Bilal, Adrien, 2018, "Location as an Asset," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13063, Jul.
• Damir Filipović & Sander Willems, 2017, "A Term Structure Model for Dividends and Interest Rates," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 17-52, Aug.
• Laura Bakkensen & Lint Barrage, 2018, "Climate Shocks and Economic Growth: Bridging the Micro-Macro Gap," 2018 Meeting Papers, Society for Economic Dynamics, number 1198.
• Paul Beaudry & Franck Portier, 2018, "Real Keynesian Models and Sticky Prices," 2018 Meeting Papers, Society for Economic Dynamics, number 61.
• Nikolay Iskrev, 2018, "Are asset price data informative about news shocks? A DSGE perspective," Working Papers, Banco de Portugal, Economics and Research Department, number w201802.
• Francisco Buera, 2018, "Real Effects of Financial Distress: The Role of Heterogeneity," Working Papers, Banco de Portugal, Economics and Research Department, number w201806.
• Item repec:imf:imfscr:18/202 is not listed on IDEAS anymore

• Bernardino Adão & André C. Silva, 2018, "The Effect of Firm Cash Holdings on Monetary Policy," Working Papers, Banco de Portugal, Economics and Research Department, number w201804.
• Itay Goldstein & Jonathan Witmer & Jing Yang, 2018, "Following the Money: Evidence for the Portfolio Balance Channel of Quantitative Easing," Staff Working Papers, Bank of Canada, number 18-33, DOI: 10.34989/swp-2018-33.
• Pia M. Orrenius & Madeline Zavodny, 2018, "Hispanics in the U.S. Labor Market: A Tale of Three Generations," Working Papers, Federal Reserve Bank of Dallas, number 1809, May, DOI: 10.24149/wp1809.
• Nwachukwu, Jacinta & Aziz, Aqsa & Tony-Okeke, Uchenna & Asongu, Simplice, 2018, "The determinants of interest rates in microfinance: age, scale and organisational charter," MPRA Paper, University Library of Munich, Germany, number 87866, Jan.
• Item repec:imf:imfscr:18/206 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/207 is not listed on IDEAS anymore

• Thiago Christiano Silva & Solange Maria Guerra & Michel Alexandre da Silva & Benjamin Miranda Tabak, 2018, "Interconnectedness, Firm Resilience and Monetary Policy," Working Papers Series, Central Bank of Brazil, Research Department, number 478, Jul.
• Item repec:imf:imfscr:18/185 is not listed on IDEAS anymore

• Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2018, "Global Financial Cycles and Risk Premiums," NBER Working Papers, National Bureau of Economic Research, Inc, number 24677, Jun.
• Vértesy, László, 2017, "Constitutional Bases of Public Finances in the Central and Eastern European Countries," MPRA Paper, University Library of Munich, Germany, number 88185.
• Chakraborty, Lekha & Chakraborty, Pinaki, 2018, "Federalism, Fiscal Asymmetries and Economic Convergence: Evidence from Indian States," Working Papers, National Institute of Public Finance and Policy, number 18/232, May.
• Item repec:imf:imfscr:18/209 is not listed on IDEAS anymore

• Pascal Seppecher & Isabelle Salle & Marc Lavoie, 2018, "What drives markups? Evolutionary pricing in an agent-based stock-flow consistent macroeconomic model," Working Papers, HAL, number hal-01486597, Jun, DOI: 10.1093/icc/dty011.
• José R. Maria & Paulo Júlio, 2018, "An integrated financial amplifier: the role of defaulted loans and occasionally binding constraints in output fluctuations," Working Papers, Banco de Portugal, Economics and Research Department, number w201813.
• Anil Kumar & Che-Yuan Liang, 2018, "Labor Market Effects of Credit Constraints: Evidence from a Natural Experiment," Working Papers, Federal Reserve Bank of Dallas, number 1810, Aug, revised 04 Feb 2023, DOI: 10.24149/wp1810r3.
• Item repec:imf:imfscr:18/182 is not listed on IDEAS anymore

• Ulrike Malmendier & Leslie Sheng Shen, 2018, "Scarred Consumption," NBER Working Papers, National Bureau of Economic Research, Inc, number 24696, Jun.
• Robert D. Ebel, 2018, "Intergovernmental Revenue Assignment and Mobilization Principles and Applications for Somalia," International Center for Public Policy Working Paper Series, at AYSPS, GSU, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University, number paper1814, Jul.
• Item repec:imf:imfscr:18/205 is not listed on IDEAS anymore

• Gilbert Cette & Jimmy Lopez & Giorgio Presidente & Vincenzo Spiezia, 2018, "Measuring Indirect Investments in ICT in OECD Countries," Working papers, Banque de France, number 686.
• Aubhik Khan & Julia Thomas & Tatsuro Senga, 2018, "The Persistent Effects of Entry and Exit," 2018 Meeting Papers, Society for Economic Dynamics, number 707.
• Katz, Matthijs & van der Kwaak, Christiaan, 2018, "The Macroeconomic Effectiveness of Bank Bail-ins," Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management), number 2018009-EEF.
• Schnabl, Gunther & Siemon, Klaus, 2018, "Die EU-Insolvenzrichtlinie zu vorinsolvenzlichen Verfahren aus ordnungspolitischer Perspektive
  [The EU directive on preventive restructuring frameworks from a ordoliberal perspective]," Working Papers, University of Leipzig, Faculty of Economics and Management Science, number 154.
• Ray C. Fair, 2018, "Information Content of DSGE Forecasts," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2140, Aug.
• Item repec:imf:imfscr:18/208 is not listed on IDEAS anymore

• Stephan Imhof & Cyril Monnet & Shengxing Zhang, 2018, "The Risk-Taking Channel of Liquidity Regulations and Monetary Policy," Working Papers, Swiss National Bank, Study Center Gerzensee, number 18.03, Aug.
• Item repec:imf:imfwpa:18/133 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/194 is not listed on IDEAS anymore

• Yuko Imura & Malik Shukayev, 2018, "The Extensive Margin of Trade and Monetary Policy," Working Papers, University of Alberta, Department of Economics, number 2018-11, Jul.
• Wolski, Marcin, 2018, "Sovereign risk and corporate cost of borrowing: Evidence from a counterfactual study," EIB Working Papers, European Investment Bank (EIB), number 2018/05, DOI: 10.2867/801038.
• Thomas Walther & Lanouar Charfeddine & Tony Klein, 2018, "Oil Price Changes and U.S. Real GDP Growth: Is this Time Different?," Working Papers on Finance, University of St. Gallen, School of Finance, number 1816, May.
• Bellido, Héctor & Marcén, Miriam, 2018, "Will you marry me? It depends (on the business cycle)," GLO Discussion Paper Series, Global Labor Organization (GLO), number 229.
• Hauzenberger, Niko & Böck, Maximilian & Pfarrhofer, Michael & Stelzer, Anna & Zens, Gregor, 2018, "Implications of macroeconomic volatility in the Euro area," ESRB Working Paper Series, European Systemic Risk Board, number 80, Aug.
• Sebastian Heise & Aysegul Sahin & Fatih Karahan, 2018, "Job Ladder, Wages, and Prices," 2018 Meeting Papers, Society for Economic Dynamics, number 428.
• World Bank Group, 2017, "Iran Economic Monitor, Fall 2017," World Bank Publications - Reports, The World Bank Group, number 29440, Nov.
• William, Barnett & Qing, Han & Jianbo, Zhang, 2018, "Monetary Services Aggregation under Uncertainty: A Behavioral Economics Extension Using Choquet Expectation," MPRA Paper, University Library of Munich, Germany, number 88261, Jul.
• Ozlem Omer, 2018, "Equilibrium-Disequilibrium Dynamics of the US Housing Market, 2000-2015: A Quantal Response Statistical Equilibrium Approach," Working Papers, New School for Social Research, Department of Economics, number 1809, Aug.
• Philippe Bacchetta, 2017, "The Sovereign Money Initiative in Switzerland: An Assessment," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 17-25, Aug.
• Item repec:imf:imfscr:18/204 is not listed on IDEAS anymore

• Richard Senner & Didier Sornette, 2017, "A Sovereign Wealth Fund for Switzerland," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 17-24, Sep.
• Daniel A. Dias, 2018, "Every cloud has a silver lining: micro-level evidence on the cleansing effects of the portuguese financial crisis," Working Papers, Banco de Portugal, Economics and Research Department, number w201818.
• Tatsuro Senga & Iacopo Varotto, 2018, "Idiosyncratic shocks and the role of granularity in business cycle," 2018 Meeting Papers, Society for Economic Dynamics, number 1012.
• Item repec:imf:imfscr:18/196 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/197 is not listed on IDEAS anymore

• Spencer G. Lyon & Michael E. Waugh, 2018, "Redistributing the Gains From Trade Through Progressive Taxation," NBER Working Papers, National Bureau of Economic Research, Inc, number 24784, Jun.
• Fafchamps, Marcel & Davies, Elwyn, 2018, "When No Bad Deed Goes Punished: Relational Contracting in Ghana and the UK," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13057, Jul.
• Doireann Fitzgerald & Anthony Priolo, 2018, "How Do Firms Build Market Share?," NBER Working Papers, National Bureau of Economic Research, Inc, number 24794, Jul.
• Christoph Albert & Andrea Caggese, 2018, "Financial Frictions, Cyclical Fluctuations and the Innovative Nature of New Firms," 2018 Meeting Papers, Society for Economic Dynamics, number 815.
• Per Östberg & Thomas Richter, 2017, "The Sovereign Debt Crisis: Rebalancing or Freezes?," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 17-32, Oct.
• Mandal, Biswajit & Roy, Sangita, 2018, "Inflow of Educational Capital, Intermediation and Informal Sector," MPRA Paper, University Library of Munich, Germany, number 87461.
• Andreas Fuster & Ricardo Perez-Truglia & Mirko Wiederholt & Basit Zafar, 2018, "Expectations with Endogenous Information Acquisition: An Experimental Investigation," NBER Working Papers, National Bureau of Economic Research, Inc, number 24767, Jun.
• Djimoudjiel, Djekonbe, 2018, "Normes prudentielles et risques bancaires : une analyse économétrique des implications sur la structure du marché bancaire dans la CEMAC
  [Prudential Standards and Banking Risks: An Econometric Analysis of Implications on the structure of the banki," MPRA Paper, University Library of Munich, Germany, number 88411, Aug.
• Germán Gutiérrez & Thomas Philippon, 2018, "How European Markets Became Free: A Study of Institutional Drift," NBER Working Papers, National Bureau of Economic Research, Inc, number 24700, Jun.
• Massimiliano Affinito & Matteo Piazza, 2018, "Always look on the bright side? Central counterparties and interbank markets during the financial crisis," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1181, Jul.
• Ferrando, Annalisa & Wolski, Marcin, 2018, "Investment of financially distressed firms: The role of trade credit," EIB Working Papers, European Investment Bank (EIB), number 2018/04, DOI: 10.2867/854592.

Report NEP-MAC-2018-08-20

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: