Report NEP-MAC-2018-09-10

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:

• Athanasios Orphanides, 2018, "The Boundaries of Central Bank Independence: Lessons from Unconventional Times," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 18-E-10, Aug.
• Ivan Sutoris, 2018, "Asset Prices in a Production Economy with Long Run and Idiosyncratic Risk," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague, number wp620, Jun.
• Joerg Bibow, 2018, "Twenty Years of the German Euro Are More than Enough," Economics Working Paper Archive, Levy Economics Institute, number wp_911, Aug.
• Dirk Niepelt, 2018, "Reserves for All? Central Bank Digital Currency, Deposits, and their (Non)-Equivalence," CESifo Working Paper Series, CESifo, number 7176.
• Item repec:jrp:jrpwrp:2018-011 is not listed on IDEAS anymore

• Diego Restuccia, 2018, "The Monetary and Fiscal History of Venezuela 1960-2016," Working Papers, University of Toronto, Department of Economics, number tecipa-614, Aug.
• Christopher J. Erceg & James Hebden & Michael T. Kiley & J. David López-Salido & Robert J. Tetlow, 2018, "Some Implications of Uncertainty and Misperception for Monetary Policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-059, Aug, DOI: 10.17016/FEDS.2018.059.
• Ernesto Pasten & Raphael S. Schoenle & Michael Weber & Michael Weber, 2018, "Price Rigidity and the Origins af Aggregate Fluctuations," CESifo Working Paper Series, CESifo, number 7190.
• Item repec:upd:utmpwp:002 is not listed on IDEAS anymore

• Di Bella, Gabriel & Grigoli, Francesco & Ramírez, Francisco, 2018, "Is Unemployment on Steroids in Advanced Economies?," GLO Discussion Paper Series, Global Labor Organization (GLO), number 243.
• Alexander Chudik & Janet Koech & Mark A. Wynne, 2018, "The Heterogeneous Effects of Global and National Business Cycles on Employment in U.S. States and Metropolitan Areas," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 343, Aug, DOI: 10.24149/gwp343.
• Bruno Chiarini & Maria Ferrara & Elisabetta Marzano, 2018, "Credit Channel and Business Cycle: The Role of Tax Evasion," CESifo Working Paper Series, CESifo, number 7169.
• Giovanni Scarano, 2018, "From Long-Term Growth To Secular Stagnation. A Theoretical Comparison Between Régulation Theory, Marxist Approaches And Present Mainstream Interpretations," Departmental Working Papers of Economics - University 'Roma Tre', Department of Economics - University Roma Tre, number 0241, Sep.
• Katarina Juselius & Sophia Dimelis, , "The Greek crisis: A story of self-reinforcing feedback mechanisms," Discussion Papers, University of Copenhagen. Department of Economics, number 18-06.
• Manoel Bittencourt & Rangan Gupta & Philton Makena & Lardo Stander, 2018, "Socio-Political Instability and Growth Dynamics," Working Papers, University of Pretoria, Department of Economics, number 201855, Aug.
• Francis Bismans, 2018, "Is the South African economy likely to fall back into recession in 2018-2019?," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2018-33.
• Sanjay Singh, 2018, "Output Hysteresis and Optimal Monetary Policy," 2018 Meeting Papers, Society for Economic Dynamics, number 554.
• Giovanni Caggiano & Efrem Castelnuovo & Gabriela Nodari, 2018, "Risk Management-Driven Policy Rate Gap," CESifo Working Paper Series, CESifo, number 7177.
• Erhan Uluceviz & Kamil Yilmaz, 2018, "Measuring Real-Financial Connectedness in the U.S. Economy," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 1812, Sep.
• SedlÃ¡Ä ek, Petr & Sterk, Vincent, 2018, "Reviving American Entrepreneurship? Tax Reform and Business Dynamism," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13073, Jul.
• Thomas M. Mertens & John C. Williams, 2018, "What to expect from the lower bound on interest rates: evidence from derivatives prices," Staff Reports, Federal Reserve Bank of New York, number 865, Aug.
• Enrique Mendoza, 2016, "Macroprudential Policy: Promise and Challenges," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 16-020, Oct, revised 24 Oct 2016.
• Item repec:imf:imfscr:18/213 is not listed on IDEAS anymore

• Aleksandar Vasilev, 2018, "A Business-cycle-model with a Modified Cash-in-advance Feature, Government Sector and Oneperiod Nominal Wage Contracts: The Case of Bulgaria," Bulgarian Economic Papers, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, number bep-2018-08, Aug, revised Aug 2018.
• Tetsuo Ono, 2018, "Fiscal Rules in a Monetary Economy: Implications for Growth and Welfare," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 18-27, Aug.
• Stephane Auray & Aurelien Eyquem & Paul Gomme, 2018, "Ramsey-optimal Tax Reforms and Real Exchange Rate Dynamics," Working Papers, Concordia University, Department of Economics, number 18001, Aug.
• Item repec:imf:imfscr:18/223 is not listed on IDEAS anymore

• Carlos Garriga & Aaron Hedlund, 2018, "Housing Finance, Boom-Bust Episodes, and Macroeconomic Fragility," 2018 Meeting Papers, Society for Economic Dynamics, number 354.
• Hasenzagl, Thomas & Pellegrino, Filippo & Reichlin, Lucrezia & Ricco, Giovanni, , "A Model of the Fed’s View on Inflation," Economic Research Papers, University of Warwick - Department of Economics, number 269087, DOI: 10.22004/ag.econ.269087.
• Reichlin, Pietro & Borri, Nicola, 2018, "Wealth Taxes and Inequality," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13067, Jul.
• Qureshi, Irfan, , "The Role of Money in Federal Reserve Policy," Economic Research Papers, University of Warwick - Department of Economics, number 269313, DOI: 10.22004/ag.econ.269313.
• Filippo Ferroni, 2018, "Delphic and Odyssean monetary policy shocks: Evidence from the euro-area," 2018 Meeting Papers, Society for Economic Dynamics, number 60.
• Daisuke MIYAKAWA & Koki OIKAWA & Kozo UEDA, 2018, "Reallocation Effects of Monetary Policy," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 18056, Aug.
• Item repec:imf:imfscr:18/212 is not listed on IDEAS anymore

• Yuemei Ji, 2018, "Why is there so much Inertia in Inflation and Output? A Behavioral Explanation," CESifo Working Paper Series, CESifo, number 7181.
• Item repec:imf:imfscr:18/214 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/211 is not listed on IDEAS anymore

• Eleni Chatzivgeri & Haroon Mumtaz & Daniela Tavasci & Luigi Ventimiglia, 2018, "Common and country specific factors in the distribution of real wages," Working Papers, Queen Mary University of London, School of Economics and Finance, number 863, Jul.
• Bejamin Eden, 2018, "Real Interest Policy And The Housing Cycle," Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics, number 18-00006, Aug.
• Item repec:imf:imfscr:18/220 is not listed on IDEAS anymore

• Kilian, Lutz & Zhou, Xiaoqing, 2018, "Structural Interpretation of Vector Autoregressions with Incomplete Information: Revisiting the Role of Oil Supply and Demand S," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13068, Jul.
• Lutz Kilian & Xiaoqing Zhou, 2018, "Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks: Comment," CESifo Working Paper Series, CESifo, number 7166.
• Item repec:vuw:vuwecf:7656 is not listed on IDEAS anymore

• Elisabeth Falck & Mathias Hoffmann & Patrick Hürtgen, 2018, "Disagreement and Monetary Policy," 2018 Meeting Papers, Society for Economic Dynamics, number 655.
• Bayer, Christian & Luetticke, Ralph, 2018, "Solving heterogeneous agent models in discrete time with many idiosyncratic states by perturbation methods," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13071, Jul.
• Marianna Epicoco, 2018, "Technological change and economic development: endogenous and exogenous fluctuations," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2018-34.
• Haroon Mumtaz, 2018, "Measuring the origins of macroeconomic uncertainty," Working Papers, Queen Mary University of London, School of Economics and Finance, number 864, Aug.
• Franses, Ph.H.B.F. & Wiemann, T., 2018, "Intertemporal Similarity of Economic Time Series," Econometric Institute Research Papers, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute, number EI2018-30, Aug.
• Francesco Chiacchio & Grégory Claeys & Francesco Papadia, 2018, "Should we care about central bank profits?," Bruegel Policy Contributions, Bruegel, number 27096, Aug.
• Tumala, Mohammed M & Olubusoye, Olusanya E & Yaaba, Baba N & Yaya, OlaOluwa S & Akanbi, Olawale B, 2017, "Investigating Predictors of Inflation in Nigeria: BMA and WALS Techniques," MPRA Paper, University Library of Munich, Germany, number 88773, revised Feb 2018.
• Item repec:nbb:reswpp:201804-343 is not listed on IDEAS anymore

• Tumala, Mohammed M & Olubusoye, Olusanya E & Yaaba, Baba N & Yaya, OlaOluwa S & Akanbi, Olawale B, 2017, "Forecasting Nigerian Inflation using Model Averaging methods: Modelling Frameworks to Central Banks," MPRA Paper, University Library of Munich, Germany, number 88754, Dec, revised Feb 2018.
• Qureshi, Irfan, , "Monetary Policy Shifts and Central Bank Independence," Economic Research Papers, University of Warwick - Department of Economics, number 269096, DOI: 10.22004/ag.econ.269096.
• Item repec:upd:utmpwp:001 is not listed on IDEAS anymore

• Jess Diamond & Kota Watanabe & Tsutomu Watanabe, 2018, "The Formation of Consumer Inflation Expectations: New Evidence From Japan's Deflation Experience," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-442, Aug.
• Fernando Martin, 2018, "The Value of Constraints on Discretionary Government Policy," 2018 Meeting Papers, Society for Economic Dynamics, number 267.
• Bora Durdu & Molin Zhong, 2018, "Macroeconomic implications of shadow banks: A DSGE analysis," 2018 Meeting Papers, Society for Economic Dynamics, number 482.
• Serdar Birinci & Kurt Gerrard See, 2018, "How Should Unemployment Insurance vary over the Business Cycle?," 2018 Meeting Papers, Society for Economic Dynamics, number 69.
• Alvaro Aguirre, 2018, "Welfare Effects of Fiscal Procyclicality: Public Insurance with Heterogeneous Agents," 2018 Meeting Papers, Society for Economic Dynamics, number 146.
• Michele Peruzzi & Alessio Terzi, 2018, "Growth Accelerations Strategies," CID Working Papers, Center for International Development at Harvard University, number 91a, Apr.
• Marc Auboin & Floriana Borino, 2018, "Recent Trade Dynamics in Asia: Examples from Specific Industries," CESifo Working Paper Series, CESifo, number 7194.
• Hong Thai Le & Marta Disegna, 2018, "Responses of macroeconomy and stock markets to structural oil price shocks: New evidence from Asian oil refinery," BAFES Working Papers, Department of Accounting, Finance & Economic, Bournemouth University, number BAFES25, Aug.
• Jean Armand Gnagne & Kevin Moran, 2018, "Monitoring Bank Failures in a Data-Rich Environment," Cahiers de recherche, Centre de recherche sur les risques, les enjeux économiques, et les politiques publiques, number 1815.
• Chiu, Jonathan & Koeppl, Thorsten, 2017, "The Economics of Cryptocurrencies - Bitcoin and Beyond," Queen's Economics Department Working Papers, Queen's University - Department of Economics, number 274715, Sep, DOI: 10.22004/ag.econ.274715.
• Jose Maria Serena & Ricardo Sousa, 2018, "Does exchange rate depreciation have contractionary effects on firm-level investment?," Working Papers, European Stability Mechanism, number 26, Feb.
• Item repec:imf:imfscr:18/215 is not listed on IDEAS anymore

• Alejandro Cuñat & Robert Zymek, 2018, "International Value-Added Linkages in Development Accounting," CESifo Working Paper Series, CESifo, number 7196.
• Keiichi Goshima & Yusuke Kumano, 2018, "Monetary Policy Announcement and Algorithmic News Trading in the Foreign Exchange Market," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 18-E-13, Aug.
• Javier Bianchi & Cesar Sosa-Padilla, 2018, "Reserve Accumulation, Macroeconomic Stabilization and Sovereign Risk," 2018 Meeting Papers, Society for Economic Dynamics, number 1166.
• Klaudijo Klaser, 2018, "The European Social Welfare Function Shaped on a Difference Principle: A Normative Rawlsian Approach in Favour of Fiscal Union," CESifo Working Paper Series, CESifo, number 7186.
• Sergeyev, Dmitriy & Iovino, Luigi, 2018, "Central Bank Balance Sheet Policies Without Rational Expectations," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13100, Aug.
• Botta, Alberto & Caverzasi, Eugenio & Russo, Alberto & Gallegati, Mauro & Stiglitz, Joseph E., 2018, "Inequality and finance in a rent economy," Greenwich Papers in Political Economy, University of Greenwich, Greenwich Political Economy Research Centre, number 20377, Sep.
• Gustavo Leyva & Carlos Urrutia, 2018, "Informality, Labor Regulation, and the Business Cycle," 2018 Meeting Papers, Society for Economic Dynamics, number 587.
• Jean-Bernard Chatelain & Kirsten Ralf, 2018, "Super-inertial interest rate rules are not solutions of Ramsey optimal monetary policy," PSE Working Papers, HAL, number halshs-01863367, Aug.
• Item repec:imf:imfscr:18/210 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/217 is not listed on IDEAS anymore

• Korkut Alp Erturk & Ivan Mendieta-Munoz, 2018, "The changing dynamics of short-run output adjustment," Working Paper Series, Department of Economics, University of Utah, University of Utah, Department of Economics, number 2018_04.
• Katarina Juselius, 2018, "Searching for a theory that fits the data: A personal research odyssey," Discussion Papers, University of Copenhagen. Department of Economics, number 18-07, Aug.
• Christianah Adekunbi Falade, 2018, "Entrepreneurship Education And Risk Taking Behaviour Of Nigerian Graduates," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 7709554, Jul.
• Bown, Chad, 2018, "Trade Policy Toward Supply Chains after the Great Recession," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13079, Jul.
• Michael B. Devereux & Gregor W. Smith, 2018, "Commodity Currencies And Monetary Policy," Working Paper, Economics Department, Queen's University, number 1408, Aug.
• Hyun Woong Park & Dong–Min Rieu, 2018, "A Puzzle about the Monetary Expression of Labor Time : An Equilibrating Mechanism or Just A Coincidence?," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics, number 2018-15.
• Plantin, Guillaume & Acharya, Viral, 2018, "Monetary Easing, Investment and Financial Instability," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13072, Jul.
• Irena Mikolajun & Jean-Marie Viaene, 2018, "Is Hard Brexit Detrimental to EU Integration? Theory and Evidence," CESifo Working Paper Series, CESifo, number 7199.
• Davide Melcangi, 2018, "The Marginal Propensity to Hire," 2018 Meeting Papers, Society for Economic Dynamics, number 807.
• Joachim Jungherr & Immo Schott, 2018, "The Long-term Debt Accelerator," 2018 Meeting Papers, Society for Economic Dynamics, number 961.
• José Azar & Xavier Vives, 2018, "Oligopoly, Macroeconomic Performance, and Competition Policy," CESifo Working Paper Series, CESifo, number 7189.
• Blazejowski, Marcin & Kufel, Paweł & Kwiatkowski, Jacek, 2018, "Model simplification and variable selection: A Replication of the UK inflation model by Hendry (2001)," MPRA Paper, University Library of Munich, Germany, number 88745, Aug.
• Item repec:imf:imfscr:18/230 is not listed on IDEAS anymore

• Chen, Natalie & Chung, Wanyu & Novy, Dennis, 2018, "Vehicle Currency Pricing and Exchange Rate Pass-Through," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13085, Jul.
• Simeon Nanovsky, 2018, "Macroeconomic Independence and Optimum Currency Area in the Eurozone: An Alternative Assessment," Proceedings of International Academic Conferences, International Institute of Social and Economic Sciences, number 7708970, Jul.
• Yuichi KICHIKAWA & Hideaki AOYAMA & Yoshi FUJIWARA & Hiroshi IYETOMI & Hiroshi YOSHIKAWA, 2018, "Analysis of Inflation/Deflation: Clusters of micro prices matter!," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 18055, Aug.
• Item repec:imf:imfscr:18/218 is not listed on IDEAS anymore

• Hiroshi Teruyama & Yasuo Goto & Sebastien Lechevalier, 2018, "Firm-Level Labor Demand for and Macroeconomic Increases in Non-Regular Workers in Japan," Working Papers, HAL, number halshs-01854291, Jul.
• Stephen Ayerst & Loren Brandt & Diego Restuccia, 2018, "Market Constraints, Misallocation, and Productivity in Vietnam Agriculture," Working Papers, University of Toronto, Department of Economics, number tecipa-615, Aug.
• Philippe Bracke & Silvana Tenreyro, 2018, "History dependence in the housing market," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp1568, Aug.
• Miranda-Agrippino, Silvia & Ricco, Giovanni, , "The Transmission of Monetary Policy Shocks," Economic Research Papers, University of Warwick - Department of Economics, number 269310, DOI: 10.22004/ag.econ.269310.
• Jan P. A. M. Jacobs & Samad Sarferaz & Jan-Egbert Sturm & Simon van Norden, 2018, "Can GDP measurement be further improved? Data revision and reconciliation," Papers, arXiv.org, number 1808.04970, Aug.

Report NEP-MAC-2018-09-10

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: