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 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:

• George-Marios Angeletos & Fabrice Collard & Harris Dellas, 2018, "Business Cycle Anatomy," NBER Working Papers, National Bureau of Economic Research, Inc, number 24875, Jul.
• Paludkiewicz, Karol, 2018, "Unconventional monetary policy, bank lending, and security holdings: The yield-induced portfolio rebalancing channel," Discussion Papers, Deutsche Bundesbank, number 22/2018.
• Luciana Barbosa, 2017, "Lending relationships and the real economy: evidence in the context of the euro area sovereign debt crisis," Working Papers, Banco de Portugal, Economics and Research Department, number w201708.
• Maxime Phillot & Rina Rosenblatt-Wisch, 2018, "Inflation Expectations: The Effect of Question Ordering on Forecast Inconsistencies," Working Papers, Swiss National Bank, number 2018-11.
• Gauti B. Eggertsson & Manuel Lancastre & Lawrence H. Summers, 2018, "Aging, Output Per Capita and Secular Stagnation," NBER Working Papers, National Bureau of Economic Research, Inc, number 24902, Aug.
• Andreas Neuhierl & Michael Weber, 2018, "Monetary Momentum," NBER Working Papers, National Bureau of Economic Research, Inc, number 24748, Jun.
• Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2018, "Evolution of Modern Business Cycle Models: Accounting for the Great Recession," NBER Working Papers, National Bureau of Economic Research, Inc, number 24741, Jun.
• 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, Department of Economics, Auburn University, number auwp2018-04, Aug.
• Dmitry Matveev, 2018, "Time-Consistent Management of a Liquidity Trap with Government Debt," Staff Working Papers, Bank of Canada, number 18-38, DOI: 10.34989/swp-2018-38.
• Robert J. Gordon, 2018, "Friedman and Phelps on the Phillips Curve Viewed from a Half Century's Perspective," NBER Working Papers, National Bureau of Economic Research, Inc, number 24891, Aug.
• In Do Hwang, 2018, "Central Bank Reputation and Inflation-Unemployment Performance: Empirical Evidence from an Executive Survey of 62 Countries," Working Papers, Economic Research Institute, Bank of Korea, number 2018-14, May.
• Mathias Klein & Ludger Linnemann, 2018, "Macroeconomic Effects of Government Spending: The Great Recession Was (Really) Different," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1754.
• 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), Bank of Italy, Economic Research and International Relations Area, number 1186, Jul.
• 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, Deutsche Bundesbank, number 27/2018.
• Youngjin Yun, 2018, "Reserve Accumulation and Bank Lending: Evidence from Korea," Working Papers, Economic Research Institute, Bank of Korea, number 2018-15, Jun.
• Gary Gorton & Toomas Laarits & Andrew Metrick, 2018, "The Run on Repo and the Fed's Response," NBER Working Papers, National Bureau of Economic Research, Inc, number 24866, Jul.
• Kevin Larcher & Jaebeom Kim & Youngju Kim, 2018, "Uncertainty Shocks and Asymmetric Dynamics in Korea: A Nonlinear Approach," Working Papers, Economic Research Institute, Bank of Korea, number 2018-12, Apr.
• Saleem Bahaj & Ricardo Reis, 2018, "Central Bank Swap Lines," Bank of England working papers, Bank of England, number 741, Jul.
• Carlo Pizzinelli & Konstantinos Theodoridis & Francesco Zanetti, 2018, "State Dependence in Labor Market Fluctuations: Evidence, Theory, and Policy Implications," Discussion Papers, Centre for Macroeconomics (CFM), number 1822, Aug.
• Rangan Gupta & Zhihui Lv & Wing-Keung Wong, 2018, "Macroeconomic Shocks and Changing Dynamics of the U.S. REITs Sector," Working Papers, University of Pretoria, Department of Economics, number 201849, Aug.
• Sasaki, Hiroaki, 2018, "Capital Accumulation and the Rate of Profit in a Two-Class Economy with Optimization Behavior," MPRA Paper, University Library of Munich, Germany, number 88362, Aug.
• Stefan Ederer & Miriam Rehm, 2018, "Making sense of Piketty’s ‘fundamental laws’ in a Post-Keynesian framework," Working Papers, Post Keynesian Economics Society (PKES), number PKWP1808, Sep.
• 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, University of São Paulo (FEA-USP), number 2018_13, Aug.
• 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, Cedeplar, Universidade Federal de Minas Gerais, number 585, Aug.
• Nadav Ben Zeev, 2018, "The Tfp Channel Of Credit Supply Shocks," Working Papers, Ben-Gurion University of the Negev, Department of Economics, number 1802.
• Prüser, Jan & Schlösser, Alexander, 2018, "On the time-varying effects of economic policy uncertainty on the US economy," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 761, DOI: 10.4419/86788886.
• Cristina Manteu & Sara Serra, 2017, "Impact of uncertainty measures on the Portuguese economy," Working Papers, Banco de Portugal, Economics and Research Department, number w201709.
• Item repec:spo:wpmain:info:hdl:2441/5hussro0tc951q0jqpu8quliqu is not listed on IDEAS anymore

• Mark Gertler & Simon Gilchrist, 2018, "What Happened: Financial Factors in the Great Recession," NBER Working Papers, National Bureau of Economic Research, Inc, number 24746, Jun.
• Toshihiko Mukoyama, 2018, "Heterogeneous Jobs and the Aggregate Labor Market," Working Papers, Georgetown University, Department of Economics, number gueconwpa~18-18-01, Aug.
• Yum, Minchul, 2018, "On the distribution of wealth and employment," Working Papers, University of Mannheim, Department of Economics, number 18-03.
• Assaf Razin & Efraim Sadka, 2018, "Welfare-State Remedy to Globalization and Aging Forces," NBER Working Papers, National Bureau of Economic Research, Inc, number 24754, Jun.
• Soumya Bhadury & Taniya Ghosh, 2018, "Money's Causal Role in Exchange Rate: Do Divisia Monetary Aggregates Explain More?," NCAER Working Papers, National Council of Applied Economic Research, number 113, Feb.
• Wojciech Zurowski, 2017, "Monetary Policy and Bond Risk Premia in the US and the UK," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 17-42, Jan.
• Zhang Qun & Didier Sornette & Hao Zhang, 2017, "Anticipating Critical Transitions of Chinese Housing Markets," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 17-18, May.
• Jonathan H. Wright, 2018, "Seasonal Adjustment of NIPA data," NBER Working Papers, National Bureau of Economic Research, Inc, number 24895, Aug.
• Girish Bahal & Mehdi Raissi & Volodymyr Tulin, 2018, "Crowding-Out or Crowding-In Public and Private Investment in India," NCAER Working Papers, National Council of Applied Economic Research, number 114, May.
• Greg Kaplan & Giovanni L. Violante, 2018, "Microeconomic Heterogeneity and Macroeconomic Shocks," NBER Working Papers, National Bureau of Economic Research, Inc, number 24734, Jun.
• Chadha, J., 2018, "Of Gold and Paper Money," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1842, Aug.
• Hannes Draack, 2018, "Monetary Policy with Imperfect Signals: The Target Problem in a New Monetarist Approach," ECON - Working Papers, Department of Economics - University of Zurich, number 296, Aug.
• Item repec:imf:imfscr:18/156 is not listed on IDEAS anymore

• Junichi Fujimoto & Ko Munakata & Koji Nakamura & Yuki Teranishi, 2018, "Optimal Policy Analysis in a New Keynesian Economy with Credit Market Search," 2018 Meeting Papers, Society for Economic Dynamics, number 1200.
• Sushant Acharya & Julien Bengui & Keshav Dogra & Shu Lin Wee, 2018, "Escaping Unemployment Traps," 2018 Meeting Papers, Society for Economic Dynamics, number 543.
• Item repec:imf:imfscr:18/175 is not listed on IDEAS anymore

• José R. Maria & Paulo Júlio, 2017, "The Portuguese post-2008 period: A narrative from an estimated DSGE model," Working Papers, Banco de Portugal, Economics and Research Department, number w201715.
• António Rua, 2017, "Modelling currency demand in a small open economy within a monetary union," Working Papers, Banco de Portugal, Economics and Research Department, number w201710.
• Julia Schmidt & Marianna Caccavaio & Luisa Carpinelli & Giuseppe Marinelli, 2018, "International Spillovers of Monetary Policy: Evidence from France and Italy," Working papers, Banque de France, number 689.
• Adam M. Guren & Alisdair McKay & Emi Nakamura & Jón Steinsson, 2018, "Housing Wealth Effects: The Long View," NBER Working Papers, National Bureau of Economic Research, Inc, number 24729, Jun.
• 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, Birkbeck, Department of Economics, Mathematics & Statistics, number 1807, May.
• Nyoni, Thabani, 2018, "Modeling and Forecasting Inflation in Zimbabwe: a Generalized Autoregressive Conditionally Heteroskedastic (GARCH) approach," MPRA Paper, University Library of Munich, Germany, number 88132, Jul.
• Mohammad Davoodalhosseini, 2018, "Central Bank Digital Currency and Monetary Policy," Staff Working Papers, Bank of Canada, number 18-36, DOI: 10.34989/swp-2018-36.
• Dimitrios Bakas & Georgios Chortareas & Georgios Magkonis, 2018, "Volatility and Growth: A not so Straightforward Relationship," Working Papers in Economics & Finance, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, number 2018-04, Aug.
• Mawejje, Joseph & Lakuma, E. C. Paul, , "Macroeconomic Effects of Mobile Money in Uganda," Research Series, Economic Policy Research Centre (EPRC), number 260017, DOI: 10.22004/ag.econ.260017.
• Edward P. Lazear & Kristin McCue, 2018, "What Causes Labor Turnover To Vary?," NBER Working Papers, National Bureau of Economic Research, Inc, number 24873, Jul.
• Fabio Canova & Christian Matthes, 2018, "A Composite Likelihood Approach for Dynamic Structural Models," Working Paper, Federal Reserve Bank of Richmond, number 18-12, Jul.
• 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, Bank of Russia, number wps36, Jul.
• Valerio Scalone, 2018, "Estimating Non-Linear DSGEs with the Approximate Bayesian Computation: an application to the Zero Lower Bound," Working papers, Banque de France, number 688.
• 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, Swiss Finance Institute, number 17-47, May.
• Thomas von Brasch & Arvid Raknerud & Diana-Cristina Iancu, 2018, "Productivity growth, firm turnover and new varieties," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2018-11, Jul.
• Item repec:imf:imfscr:18/173 is not listed on IDEAS anymore

• Ayşe İmrohoroğlu & Kai Zhao, 2018, "Household Saving, Financial Constraints, and the Current Account in China," Working papers, University of Connecticut, Department of Economics, number 2018-15, Aug.
• Ian Borg & Germano Ruisi, 2018, "Forecasting using Bayesian VARs: A Benchmark for STREAM," CBM Working Papers, Central Bank of Malta, number WP/04/2018.
• Luca David Opromolla & Lorenzo Caliendo, 2017, "Goods and Factor Market Integration: A Quantitative Assessment of the EU Enlargement," Working Papers, Banco de Portugal, Economics and Research Department, number w201717.
• Adrien Bilal & Esteban Rossi-Hansberg, 2018, "Location as an Asset," NBER Working Papers, National Bureau of Economic Research, Inc, number 24867, Jul.
• Item repec:imf:imfscr:18/164 is not listed on IDEAS anymore

• Toshihiko Mukoyama & Sophie Osotimehin, 2018, "Barriers to Reallocation and Economic Growth: the Effects of Firing Costs," Working Papers, Georgetown University, Department of Economics, number gueconwpa~18-18-02, Aug.
• Carlos Medel, 2018, "Econometric Analysis on Survey-data-based Anchoring of Inflation Expectations in Chile," Working Papers Central Bank of Chile, Central Bank of Chile, number 825, Aug.
• Tyrowicz, Joanna & Makarski, Krzysztof & Bielecki, Marcin, 2018, "Inequality in an OLG Economy with Heterogeneous Cohorts and Pension Systems," IZA Discussion Papers, Institute of Labor Economics (IZA), number 11621, Jun.
• Michael Woodford, 2018, "Monetary Policy Analysis when Planning Horizons are Finite," NBER Working Papers, National Bureau of Economic Research, Inc, number 24692, Jun.
• Paul J.J. Welfens, 2019, "New Marshall-Lerner Conditions for an Economy with Outward and Two-Way Foreign Direct Investment," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei248, Feb.
• Nicholas Garvin, 2018, "Identifying Repo Market Microstructure from Securities Transactions Data," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2018-09, Aug.
• Lance Lochner & Todd Stinebrickner & Utku Suleymanoglu, 2018, "Parental Support, Savings and Student Loan Repayment," Working Papers, Human Capital and Economic Opportunity Working Group, number 2018-054, Aug.
• Item repec:imf:imfscr:18/158 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/168 is not listed on IDEAS anymore

• Jesus Fernandez-Villaverde & Federico Mandelman & Francesco Zanetti & Yang Yu, 2018, "Search Complementarities, Aggregate Fluctuations and Fiscal Policy," 2018 Meeting Papers, Society for Economic Dynamics, number 386.
• Nicolas Chanut & Mario Marcel & Carlos Medel, 2018, "Can Economic Perception Surveys Improve Macroeconomic Forecasting in Chile?," Working Papers Central Bank of Chile, Central Bank of Chile, number 824, Jul.
• David Aikman & Jonathan Bridges & Anil Kashyap & Caspar Siergert, 2018, "Would macroprudential regulation have prevented the last crisis?," Bank of England working papers, Bank of England, number 747, Aug.
• 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, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University, number paper1805, Feb.
• Choongryul Yang & Hassan Afrouzi, 2018, "Dynamic Inattention, the Phillips Curve, and Forward Guidance," 2018 Meeting Papers, Society for Economic Dynamics, number 559.
• Item repec:spo:wpmain:info:hdl:2441/eul7jlnf19iq8tdp0vlfv63n5 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/172 is not listed on IDEAS anymore

• Yuko Imura & Malik Shukayev, 2018, "The Extensive Margin of Trade and Monetary Policy," Staff Working Papers, Bank of Canada, number 18-37, DOI: 10.34989/swp-2018-37.
• 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, Research Center for Economic and Social Risks, Institute of Economic Research, Hitotsubashi University, number DP18-2, Mar.
• Eo, Yunjong & Lie, Denny, 2018, "Changes in the Inflation Target and the Comovement between Inflation and the Nominal Interest Rate," Working Papers, University of Sydney, School of Economics, number 2018-02, Jul, revised May 2020.
• He, Yong, 2018, "On the sustainability of maximizing GDP Growth," MPRA Paper, University Library of Munich, Germany, number 88549.
• Item repec:imf:imfscr:18/177 is not listed on IDEAS anymore

• 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, Swiss Finance Institute, number 17-22, Jun.
• Pedro Bento & Diego Restuccia, 2018, "On Average Establishment Size across Sectors and Countries," Working Papers, University of Toronto, Department of Economics, number tecipa-612, Aug.
• Sopp, Heiko, 2018, "Interest rate pass-through to the rates of core deposits: A new perspective," Discussion Papers, Deutsche Bundesbank, number 25/2018.
• Juan Carlos Conesa & Akshar Saxena & Daniela Costa & Gajendran Raveendranathan & Parisa Kamali & Timothy Kehoe, 2018, "Aging and the Macroeconomy," 2018 Meeting Papers, Society for Economic Dynamics, number 930.
• Kanhaiya Singh & M.R. Saluja, 2016, "Input–Output Table for India: 2013-14," NCAER Working Papers, National Council of Applied Economic Research, number 111, Dec.
• 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, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University, number paper1809, Feb.
• Lie, Denny, 2018, "Observed inflation-target adjustments in an estimated DSGE model for Indonesia: Do they matter for aggregate fluctuations?," Working Papers, University of Sydney, School of Economics, number 2018-01, Jun.
• Alessio Ruzza & Wojciech Zurowski, 2017, "Corporate Bond Dealers' Inventory Risk and FOMC," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 17-68, May.
• Andrew Linn & Ronan C Lyons, 2018, "The Triple Trigger? Negative Equity, Income Shocks and Institutions as Determinants of Mortgage Default," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep0718, Aug.
• Tischer, Johannes, 2018, "Quantitative easing, portfolio rebalancing and credit growth: Micro evidence from Germany," Discussion Papers, Deutsche Bundesbank, number 20/2018.
• Rajnish Mehra & John Donaldson & Christos Koulovatianos & Jian Li, 2018, "Demographics and FDI: Lessons from China’s One-Child Policy," NCAER Working Papers, National Council of Applied Economic Research, number 112, Jan.
• Item repec:imf:imfscr:18/166 is not listed on IDEAS anymore

• Leiashvily, Paata, 2018, "Рождение Макроэкономического Порядка Из Микроэкономического Хаоса
  [The birth of a macroeconomic order from microeconomic chaos]," MPRA Paper, University Library of Munich, Germany, number 88364, Jul.
• Joshua Chan & Luca Benati & Eric Eisenstat & Gary Koop, 2018, "Identifying Noise Shocks," Working Paper Series, Economics Discipline Group, UTS Business School, University of Technology, Sydney, number 41, Jan.
• 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, Institute of Labor Economics (IZA), number 11632, Jun.
• Luigi Bocola & Guido Lorenzoni, 2018, "Risk Sharing and Financial Amplification," 2018 Meeting Papers, Society for Economic Dynamics, number 983.
• Michael Lamla & Damjan Pfajfar & Lea Rendell, 2018, "Confidence in Central Banks and Inflation Expectations," 2018 Meeting Papers, Society for Economic Dynamics, number 945.
• Saroj Bhattarai & Konstantin Kucheryavyy, 2018, "A Unified Model of International Business Cycles and Trade," 2018 Meeting Papers, Society for Economic Dynamics, number 1259.
• 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, Institute of Labor Economics (IZA), number 11647, Jun.
• Luís Martins & Manuel Coutinho Pereira, 2017, "Disentangling the channels from birthdate to educational attainment," Working Papers, Banco de Portugal, Economics and Research Department, number w201706.
• Asier Mariscal, 2018, "Firm Organization and Information Technology: Micro and Macro Implications," 2018 Meeting Papers, Society for Economic Dynamics, number 1076.
• David Argente & Munseob Lee & Sara Moreira, 2018, "How do Firms Grow? The Life Cycle of Products Matters," 2018 Meeting Papers, Society for Economic Dynamics, number 1174.
• Eric Eisenstat & Joshua C.C. Chan & Rodney W. Strachan, 2018, "Reducing Dimensions in a Large TVP-VAR," Working Paper Series, Economics Discipline Group, UTS Business School, University of Technology, Sydney, number 43, Mar.
• Andrii Parkhomenko, 2018, "The Rise of Housing Supply Regulation in the US: Local Causes and Aggregate Implications," 2018 Meeting Papers, Society for Economic Dynamics, number 275.
• Gordon Menzies & Thomas Simpson & Donald Hay & David Vines, 2018, "Restoring Trust in Finance: From Principal-Agent to Principled Agent," Working Paper Series, Economics Discipline Group, UTS Business School, University of Technology, Sydney, number 48, Jul.
• Harold Cole & Daniel Neuhann & Guillermo Ordoñez, 2018, "A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information," NBER Working Papers, National Bureau of Economic Research, Inc, number 24890, Aug.
• Yener Gök, Zeynep, 2018, "Yeni Parasalcılık: Bir Yazın Taraması
  [New Monetarism: A Survey Of The Literature]," MPRA Paper, University Library of Munich, Germany, number 88349, Aug.
• 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, National Bureau of Economic Research, Inc, number 24859, Jul.

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 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: