Report NEP-MAC-2018-08-27

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:

• George-Marios Angeletos & Fabrice Collard & Harris Dellas, 2018. "Business Cycle Anatomy," NBER Working Papers 24875, National Bureau of Economic Research, Inc.
• Paludkiewicz, Karol, 2018. "Unconventional monetary policy, bank lending, and security holdings: The yield-induced portfolio rebalancing channel," Discussion Papers 22/2018, Deutsche Bundesbank.
• Luciana Barbosa, 2017. "Lending relationships and the real economy: evidence in the context of the euro area sovereign debt crisis," Working Papers w201708, Banco de Portugal, Economics and Research Department.
• Maxime Phillot & Dr. Rina Rosenblatt-Wisch, 2018. "Inflation Expectations: The Effect of Question Ordering on Forecast Inconsistencies," Working Papers 2018-11, Swiss National Bank.
• Gauti B. Eggertsson & Manuel Lancastre & Lawrence H. Summers, 2018. "Aging, Output Per Capita and Secular Stagnation," NBER Working Papers 24902, National Bureau of Economic Research, Inc.
• Andreas Neuhierl & Michael Weber, 2018. "Monetary Momentum," NBER Working Papers 24748, National Bureau of Economic Research, Inc.
• Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2018. "Evolution of Modern Business Cycle Models: Accounting for the Great Recession," NBER Working Papers 24741, National Bureau of Economic Research, Inc.
• Hyeongwoo Kim & Shuwei Zhang, 2018. "Understanding Why Fiscal Stimulus Can Fail through the Lens of the Survey of Professional Forecasters," Auburn Economics Working Paper Series auwp2018-04, Department of Economics, Auburn University.
• Dmitry Matveev, 2018. "Time-Consistent Management of a Liquidity Trap with Government Debt," Staff Working Papers 18-38, Bank of Canada.
• Robert J. Gordon, 2018. "Friedman and Phelps on the Phillips Curve Viewed from a Half Century's Perspective," NBER Working Papers 24891, National Bureau of Economic Research, Inc.
• In Do Hwang, 2018. "Central Bank Reputation and Inflation-Unemployment Performance: Empirical Evidence from an Executive Survey of 62 Countries," Working Papers 2018-14, Economic Research Institute, Bank of Korea.
• Mathias Klein & Ludger Linnemann, 2018. "Macroeconomic Effects of Government Spending: The Great Recession Was (Really) Different," Discussion Papers of DIW Berlin 1754, DIW Berlin, German Institute for Economic Research.
• Nicoletta Batini & Giovanni Melina & Stefania Villa, 2018. "Fiscal buffers, private debt and recession: the good, the bad and the ugly," Temi di discussione (Economic working papers) 1186, Bank of Italy, Economic Research and International Relations Area.
• Geiger, Felix & Schupp, Fabian, 2018. "With a little help from my friends: Survey-based derivation of euro area short rate expectations at the effective lower bound," Discussion Papers 27/2018, Deutsche Bundesbank.
• Youngjin Yun, 2018. "Reserve Accumulation and Bank Lending: Evidence from Korea," Working Papers 2018-15, Economic Research Institute, Bank of Korea.
• Gary Gorton & Toomas Laarits & Andrew Metrick, 2018. "The Run on Repo and the Fed's Response," NBER Working Papers 24866, National Bureau of Economic Research, Inc.
• Kevin Larcher & Jaebeom Kim & Youngju Kim, 2018. "Uncertainty Shocks and Asymmetric Dynamics in Korea: A Nonlinear Approach," Working Papers 2018-12, Economic Research Institute, Bank of Korea.
• Bahaj, Saleem & Reis, Ricardo, 2018. "Central Bank Swap Lines," Bank of England working papers 741, Bank of England.
• Carlo Pizzinelli & Konstantinos Theodoridis & Francesco Zanetti, 2018. "State Dependence in Labor Market Fluctuations: Evidence, Theory, and Policy Implications," Discussion Papers 1822, Centre for Macroeconomics (CFM).
• Rangan Gupta & Zhihui Lv & Wing-Keung Wong, 2018. "Macroeconomic Shocks and Changing Dynamics of the U.S. REITs Sector," Working Papers 201849, University of Pretoria, Department of Economics.
• Sasaki, Hiroaki, 2018. "Capital Accumulation and the Rate of Profit in a Two-Class Economy with Optimization Behavior," MPRA Paper 88362, University Library of Munich, Germany.
• Stefan Ederer & Miriam Rehm, 2018. "Making sense of Piketty’s ‘fundamental laws’ in a Post-Keynesian framework," Working Papers PKWP1808, Post Keynesian Economics Society (PKES).
• Adriano dos Reis M. Laureno Oliveira & Gilberto Tadeu Lima, Laura Carvalho, 2018. "Of Fairies and Governments: An ABM Evaluation of the Expansionary Austerity Hypothesis," Working Papers, Department of Economics 2018_13, University of São Paulo (FEA-USP).
• Julia de Furquim Werneck Moreira & Gilberto de Assis Libânio, 2018. "Macroeconomic policies after the 2008 financial crisis: lessons from brazilian and chinese experiences," Textos para Discussão Cedeplar-UFMG 585, Cedeplar, Universidade Federal de Minas Gerais.
• Nadav Ben Zeev, 2018. "The Tfp Channel Of Credit Supply Shocks," Working Papers 1802, Ben-Gurion University of the Negev, Department of Economics.
• Prüser, Jan & Schlösser, Alexander, 2018. "On the time-varying effects of economic policy uncertainty on the US economy," Ruhr Economic Papers 761, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Cristina Manteu & Sara Serra, 2017. "Impact of uncertainty measures on the Portuguese economy," Working Papers w201709, Banco de Portugal, Economics and Research Department.
• Lilit Popoyan & Mauro Napoletano & Andrea Roventini, 2015. "Taming macroeconomic instability: Monetary and macro prudential policy interactions in an agent-based model," SciencePo Working papers Main hal-03459508, HAL.
• Mark Gertler & Simon Gilchrist, 2018. "What Happened: Financial Factors in the Great Recession," NBER Working Papers 24746, National Bureau of Economic Research, Inc.
• Toshihiko Mukoyama, 2018. "Heterogeneous Jobs and the Aggregate Labor Market," Working Papers gueconwpa~18-18-01, Georgetown University, Department of Economics.
• Yum, Minchul, 2018. "On the distribution of wealth and employment," Working Papers 18-03, University of Mannheim, Department of Economics.
• Assaf Razin & Efraim Sadka, 2018. "Welfare-State Remedy to Globalization and Aging Forces," NBER Working Papers 24754, National Bureau of Economic Research, Inc.
• Soumya Bhadury & Taniya Ghosh, 2018. "Money's Causal Role in Exchange Rate: Do Divisia Monetary Aggregates Explain More?," NCAER Working Papers 113, National Council of Applied Economic Research.
• Wojciech Zurowski, 2017. "Monetary Policy and Bond Risk Premia in the US and the UK," Swiss Finance Institute Research Paper Series 17-42, Swiss Finance Institute.
• Zhang Qun & Didier Sornette & Hao Zhang, 2017. "Anticipating Critical Transitions of Chinese Housing Markets," Swiss Finance Institute Research Paper Series 17-18, Swiss Finance Institute.
• Jonathan H. Wright, 2018. "Seasonal Adjustment of NIPA data," NBER Working Papers 24895, National Bureau of Economic Research, Inc.
• Girish Bahal & Mehdi Raissi & Volodymyr Tulin, 2018. "Crowding-Out or Crowding-In Public and Private Investment in India," NCAER Working Papers 114, National Council of Applied Economic Research.
• Greg Kaplan & Giovanni L. Violante, 2018. "Microeconomic Heterogeneity and Macroeconomic Shocks," NBER Working Papers 24734, National Bureau of Economic Research, Inc.
• Chadha, J., 2018. "Of Gold and Paper Money," Cambridge Working Papers in Economics 1842, Faculty of Economics, University of Cambridge.
• Hannes Draack, 2018. "Monetary Policy with Imperfect Signals: The Target Problem in a New Monetarist Approach," ECON - Working Papers 296, Department of Economics - University of Zurich.
• International Monetary Fund, 2018. "Angola; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola," IMF Staff Country Reports 18/156, International Monetary Fund.
• Junichi Fujimoto & Ko Munakata & Koji Nakamura & Yuki Teranishi, 2018. "Optimal Policy Analysis in a New Keynesian Economy with Credit Market Search," 2018 Meeting Papers 1200, Society for Economic Dynamics.
• Sushant Acharya & Julien Bengui & Keshav Dogra & Shu Lin Wee, 2018. "Escaping Unemployment Traps," 2018 Meeting Papers 543, Society for Economic Dynamics.
• International Monetary Fund, 2018. "Sri Lanka; 2018 Article IV Consultation and the Fourth Review Under the Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for S," IMF Staff Country Reports 18/175, International Monetary Fund.
• José R. Maria & Paulo Júlio, 2017. "The Portuguese post-2008 period: A narrative from an estimated DSGE model," Working Papers w201715, Banco de Portugal, Economics and Research Department.
• António Rua, 2017. "Modelling currency demand in a small open economy within a monetary union," Working Papers w201710, Banco de Portugal, Economics and Research Department.
• Julia Schmidt & Marianna Caccavaio & Luisa Carpinelli & Giuseppe Marinelli, 2018. "International Spillovers of Monetary Policy: Evidence from France and Italy," Working papers 689, Banque de France.
• Adam M. Guren & Alisdair McKay & Emi Nakamura & Jón Steinsson, 2018. "Housing Wealth Effects: The Long View," NBER Working Papers 24729, National Bureau of Economic Research, Inc.
• Stephen Wright & Charmaine Portelli, 2018. "The True Size of the ECB: New Insights from National Central Bank Balance Sheets," Birkbeck Working Papers in Economics and Finance 1807, Birkbeck, Department of Economics, Mathematics & Statistics.
• Nyoni, Thabani, 2018. "Modeling and Forecasting Inflation in Zimbabwe: a Generalized Autoregressive Conditionally Heteroskedastic (GARCH) approach," MPRA Paper 88132, University Library of Munich, Germany.
• Mohammad Davoodalhosseini, 2018. "Central Bank Digital Currency and Monetary Policy," Staff Working Papers 18-36, Bank of Canada.
• Dimitrios Bakas & Georgios Chortareas & Georgios Magkonis, 2018. "Volatility and Growth: A not so Straightforward Relationship," Working Papers in Economics & Finance 2018-04, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
• Mawejje, Joseph & Lakuma, E. C. Paul, 2017. "Macroeconomic Effects of Mobile Money in Uganda," Research Series 260017, Economic Policy Research Centre (EPRC).
• Edward P. Lazear & Kristin McCue, 2018. "What Causes Labor Turnover To Vary?," NBER Working Papers 24873, National Bureau of Economic Research, Inc.
• Fabio Canova & Christian Matthes, 2018. "A Composite Likelihood Approach for Dynamic Structural Models," Working Paper 18-12, Federal Reserve Bank of Richmond.
• Elena Deryugina & Natalia Karlova & Alexey Ponomarenko & Anna Tsvetkova, 2018. "The role of regional and sectoral factors in Russian inflation developments," Bank of Russia Working Paper Series wps36, Bank of Russia.
• Valerio Scalone, 2018. "Estimating Non-Linear DSGEs with the Approximate Bayesian Computation: an application to the Zero Lower Bound," Working papers 688, Banque de France.
• Massimiliano Caporin & Loriana Pelizzon & Alberto Plazzi, 2017. "Does Monetary Policy Impact Market Integration? Evidence from Developed and Emerging Markets," Swiss Finance Institute Research Paper Series 17-47, Swiss Finance Institute.
• Thomas von Brasch & Arvid Raknerud & Diana-Cristina Iancu, 2018. "Productivity growth, firm turnover and new varieties," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-11, Economic Statistics Centre of Excellence (ESCoE).
• International Monetary Fund, 2018. "Switzerland; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Switzerland," IMF Staff Country Reports 18/173, International Monetary Fund.
• Ayşe İmrohoroğlu & Kai Zhao, 2018. "Household Saving, Financial Constraints, and the Current Account in China," Working papers 2018-15, University of Connecticut, Department of Economics.
• Ian Borg & Germano Ruisi, 2018. "Forecasting using Bayesian VARs: A Benchmark for STREAM," CBM Working Papers WP/04/2018, Central Bank of Malta.
• Luca David Opromolla & Lorenzo Caliendo, 2017. "Goods and Factor Market Integration: A Quantitative Assessment of the EU Enlargement," Working Papers w201717, Banco de Portugal, Economics and Research Department.
• Adrien Bilal & Esteban Rossi-Hansberg, 2018. "Location as an Asset," NBER Working Papers 24867, National Bureau of Economic Research, Inc.
• International Monetary Fund, 2018. "Romania; Financial Sector Assessment Program-Technical Note-Macroprudential Policy Framework and Tools," IMF Staff Country Reports 18/164, International Monetary Fund.
• Toshihiko Mukoyama & Sophie Osotimehin, 2018. "Barriers to Reallocation and Economic Growth: the Effects of Firing Costs," Working Papers gueconwpa~18-18-02, Georgetown University, Department of Economics.
• Carlos Medel, 2018. "Econometric Analysis on Survey-data-based Anchoring of Inflation Expectations in Chile," Working Papers Central Bank of Chile 825, Central Bank of Chile.
• Tyrowicz, Joanna & Makarski, Krzysztof & Bielecki, Marcin, 2018. "Inequality in an OLG Economy with Heterogeneous Cohorts and Pension Systems," IZA Discussion Papers 11621, Institute of Labor Economics (IZA).
• Michael Woodford, 2018. "Monetary Policy Analysis when Planning Horizons are Finite," NBER Working Papers 24692, National Bureau of Economic Research, Inc.
• Paul J.J. Welfens, 2019. "New Marshall-Lerner Conditions for an Economy with Outward and Two-Way Foreign Direct Investment," EIIW Discussion paper disbei248, Universitätsbibliothek Wuppertal, University Library.
• Nicholas Garvin, 2018. "Identifying Repo Market Microstructure from Securities Transactions Data," RBA Research Discussion Papers rdp2018-09, Reserve Bank of Australia.
• Lance Lochner & Todd Stinebrickner & Utku Suleymanoglu, 2018. "Parental Support, Savings and Student Loan Repayment," Working Papers 2018-054, Human Capital and Economic Opportunity Working Group.
• International Monetary Fund, 2018. "Bangladesh; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bangladesh," IMF Staff Country Reports 18/158, International Monetary Fund.
• International Monetary Fund, 2018. "Algeria; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Algeria," IMF Staff Country Reports 18/168, International Monetary Fund.
• Jesus Fernandez-Villaverde & Federico Mandelman & Francesco Zanetti & Yang Yu, 2018. "Search Complementarities, Aggregate Fluctuations and Fiscal Policy," 2018 Meeting Papers 386, Society for Economic Dynamics.
• Nicolas Chanut & Mario Marcel & Carlos Medel, 2018. "Can Economic Perception Surveys Improve Macroeconomic Forecasting in Chile?," Working Papers Central Bank of Chile 824, Central Bank of Chile.
• Aikman, David & Bridges, Jonathan & Kashyap, Anil & Siergert, Caspar, 2018. "Would macroprudential regulation have prevented the last crisis?," Bank of England working papers 747, Bank of England.
• Santiago Lago-Peñasa & Jorge Martinez-Vazquez & Agnese Sacchic, 2018. "Fiscal Stability during the Great Recession: Putting Decentralization Design to the Test," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1805, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
• Choongryul Yang & Hassan Afrouzi, 2018. "Dynamic Inattention, the Phillips Curve, and Forward Guidance," 2018 Meeting Papers 559, Society for Economic Dynamics.
• Francesco Saraceno, 2017. "Rethinking fiscal policy : lessons from the european monetary union," SciencePo Working papers Main hal-03457591, HAL.
• International Monetary Fund, 2018. "Liberia; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia," IMF Staff Country Reports 18/172, International Monetary Fund.
• Yuko Imura & Malik Shukayev, 2018. "The Extensive Margin of Trade and Monetary Policy," Staff Working Papers 18-37, Bank of Canada.
• Kasahara, Hiroyuki & Sawada, Yasuyuki & Suzuki, Michio, 2018. "The Effect of Bank Recapitalization Policy on Corporate Investment: Evidence from a Banking Crisis in Japan," RCESR Discussion Paper Series DP18-2, Research Center for Economic and Social Risks, Institute of Economic Research, Hitotsubashi University.
• Eo, Yunjong & Lie, Denny, 2018. "Changes in the Inflation Target and the Comovement between Inflation and the Nominal Interest Rate," Working Papers 2018-02, University of Sydney, School of Economics, revised May 2020.
• He, Yong, 2018. "On the sustainability of maximizing GDP Growth," MPRA Paper 88549, University Library of Munich, Germany.
• International Monetary Fund, 2018. "Denmark; 2018 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 18/177, International Monetary Fund.
• Richard Senner & Didier Sornette, 2017. "The 'New Normal' of the Swiss Balance of Payments in a Global Perspective: Central Bank Intervention, Global Imbalances and the Rise of Sovereign Wealth Funds," Swiss Finance Institute Research Paper Series 17-22, Swiss Finance Institute.
• Pedro Bento & Diego Restuccia, 2018. "On Average Establishment Size across Sectors and Countries," Working Papers tecipa-612, University of Toronto, Department of Economics.
• Sopp, Heiko, 2018. "Interest rate pass-through to the rates of core deposits: A new perspective," Discussion Papers 25/2018, Deutsche Bundesbank.
• Juan Carlos Conesa & Akshar Saxena & Daniela Costa & Gajendran Raveendranathan & Parisa Kamali & Timothy Kehoe, 2018. "Aging and the Macroeconomy," 2018 Meeting Papers 930, Society for Economic Dynamics.
• Kanhaiya Singh & M.R. Saluja, 2016. "Input–Output Table for India: 2013-14," NCAER Working Papers 111, National Council of Applied Economic Research.
• Timothy J. Goodspeed, 2018. "Decentralization and Intra-Country Transfers in the Great Recession: The Case of the EU," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1809, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
• Lie, Denny, 2018. "Observed inflation-target adjustments in an estimated DSGE model for Indonesia: Do they matter for aggregate fluctuations?," Working Papers 2018-01, University of Sydney, School of Economics.
• Alessio Ruzza & Wojciech Zurowski, 2017. "Corporate Bond Dealers' Inventory Risk and FOMC," Swiss Finance Institute Research Paper Series 17-68, Swiss Finance Institute.
• Andrew Linn & Ronan C Lyons, 2018. "The Triple Trigger? Negative Equity, Income Shocks and Institutions as Determinants of Mortgage Default," Trinity Economics Papers tep0718, Trinity College Dublin, Department of Economics.
• Tischer, Johannes, 2018. "Quantitative easing, portfolio rebalancing and credit growth: Micro evidence from Germany," Discussion Papers 20/2018, Deutsche Bundesbank.
• Rajnish Mehra & John Donaldson & Christos Koulovatianos & Jian Li, 2018. "Demographics and FDI: Lessons from China’s One-Child Policy," NCAER Working Papers 112, National Council of Applied Economic Research.
• International Monetary Fund, 2018. "Niger; Second Review Under the Extended Credit Facility Arrangement, and Request for Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Ni," IMF Staff Country Reports 18/166, International Monetary Fund.
• Leiashvily, Paata, 2018. "Рождение Макроэкономического Порядка Из Микроэкономического Хаоса [The birth of a macroeconomic order from microeconomic chaos]," MPRA Paper 88364, University Library of Munich, Germany.
• Joshua Chan & Luca Benati & Eric Eisenstat & Gary Koop, 2018. "Identifying Noise Shocks," Working Paper Series 41, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
• McGuinness, Seamus & Redmond, Paul, 2018. "Estimating the Effect of an Increase in the Minimum Wage on Hours Worked and Employment in Ireland," IZA Discussion Papers 11632, Institute of Labor Economics (IZA).
• Luigi Bocola & Guido Lorenzoni, 2018. "Risk Sharing and Financial Amplification," 2018 Meeting Papers 983, Society for Economic Dynamics.
• Michael Lamla & Damjan Pfajfar & Lea Rendell, 2018. "Confidence in Central Banks and Inflation Expectations," 2018 Meeting Papers 945, Society for Economic Dynamics.
• Saroj Bhattarai & Konstantin Kucheryavyy, 2018. "A Unified Model of International Business Cycles and Trade," 2018 Meeting Papers 1259, Society for Economic Dynamics.
• Ehrlich, Isaac & Cook, Adam & Yin, Yong, 2018. "What Accounts for the US Ascendancy to Economic Superpower by the Early 20th Century: The Morrill Act – Human Capital Hypothesis," IZA Discussion Papers 11647, Institute of Labor Economics (IZA).
• Luís Martins & Manuel Coutinho Pereira, 2017. "Disentangling the channels from birthdate to educational attainment," Working Papers w201706, Banco de Portugal, Economics and Research Department.
• Asier Mariscal, 2018. "Firm Organization and Information Technology: Micro and Macro Implications," 2018 Meeting Papers 1076, Society for Economic Dynamics.
• David Argente & Munseob Lee & Sara Moreira, 2018. "How do Firms Grow? The Life Cycle of Products Matters," 2018 Meeting Papers 1174, Society for Economic Dynamics.
• Eric Eisenstat & Joshua C.C. Chan & Rodney W. Strachan, 2018. "Reducing Dimensions in a Large TVP-VAR," Working Paper Series 43, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
• Andrii Parkhomenko, 2018. "The Rise of Housing Supply Regulation in the US: Local Causes and Aggregate Implications," 2018 Meeting Papers 275, Society for Economic Dynamics.
• Gordon Menzies & Thomas Simpson & Donald Hay & David Vines, 2018. "Restoring Trust in Finance: From Principal-Agent to Principled Agent," Working Paper Series 48, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
• Harold Cole & Daniel Neuhann & Guillermo Ordoñez, 2018. "A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information," NBER Working Papers 24890, National Bureau of Economic Research, Inc.
• Yener Gök, Zeynep, 2018. "Yeni Parasalcılık: Bir Yazın Taraması [New Monetarism: A Survey Of The Literature]," MPRA Paper 88349, University Library of Munich, Germany.
• Silke Stapel-Weber & Paul Konijn & John Verrinder & Henk Nijmeijer, 2018. "Meaningful Information for Domestic Economies in the Light of Globalization – Will Additional Macroeconomic Indicators and Different Presentations Shed Light?," NBER Working Papers 24859, National Bureau of Economic Research, Inc.