Report NEP-MAC-2019-01-07

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:

• Hyeongwoo Kim & Bijie Jia, 2018, "Assessing the Role of Sentiment in the Propagation of Fiscal Stimulus," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2018-08, Dec.
• De Koning, Kees, 2019, "Conversion Theory II: the case for Recession Bonds," MPRA Paper, University Library of Munich, Germany, number 91203, Jan.
• Hartmann, Philipp & Smets, Frank, 2018, "The first twenty years of the European Central Bank: monetary policy," Working Paper Series, European Central Bank, number 2219, Dec.
• Marcelo Arbex & Sidney Caetano & Wilson Correa, 2018, "Macroeconomic Effects of Inflation Target Uncertainty Shocks," Working Papers, University of Windsor, Department of Economics, number 1804, Dec.
• Roberto M. Billi & Jordi Galí, 2018, "Gains from wage flexibility and the zero lower bound," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1625, Dec, revised Feb 2019.
• Pincheira, Pablo & Neumann, Federico, 2018, "Can we beat the Random Walk? The case of survey-based exchange rate forecasts in Chile," MPRA Paper, University Library of Munich, Germany, number 90432, Dec.
• Phillipe Aghion & Emmanuel Farhi & Enisse Kharroubi, 2018, "Monetary policy, product market competition and growth," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp1590, Dec.
• Antoine Lepetit, 2018, "The Optimal Inflation Rate with Discount Factor Heterogeneity," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-086, Dec, DOI: 10.17016/FEDS.2018.086.
• Tamas Csabafi & Max Gillman & Ruthira Naraidoo, 2018, "International Business Cycle and Financial Intermediation," CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 1830, Nov.
• Markus K. Brunnermeier & Yann Koby, 2018, "The Reversal Interest Rate," NBER Working Papers, National Bureau of Economic Research, Inc, number 25406, Dec.
• Edgar Villa, Andres F. Giraldo Martha Misas & Edgar Villa & Andres F. Giraldo, 2018, "Inflation Targeting and the Taylor Principle: evidence from Colombia," Vniversitas Económica, Universidad Javeriana - Bogotá, volume 0, issue 0, pages 1-38.
• Gino Cateau & Malik Shukayev, 2018, "Limited Commitment, Endogenous Credibility and the Challenges of Price-level Targeting," Staff Working Papers, Bank of Canada, number 18-61, DOI: 10.34989/swp-2018-61.
• Guillaume Rocheteau & Tsz-Nga Wong & Cathy Zhang, 2018, "Lending Relationships and Optimal Monetary Policy," Purdue University Economics Working Papers, Purdue University, Department of Economics, number 1306, Dec.
• Michael D. Bordo, 2018, "The Imbalances of the Bretton Woods System 1965 to 1973: U.S. Inflation, The Elephant in the Room," NBER Working Papers, National Bureau of Economic Research, Inc, number 25409, Dec.
• Max Gillman, 2018, "The Welfare Cost of Inflation with Banking Time," CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 1831, Nov.
• Xavier Giroud & Holger M. Mueller, 2018, "Firm Leverage and Regional Business Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 25325, Dec.
• Tomasz Piskorski & Amit Seru, 2018, "Debt Relief and Slow Recovery: A Decade after Lehman," NBER Working Papers, National Bureau of Economic Research, Inc, number 25403, Dec.
• Wolf Heinrich Reuter & Olegs Tkacevs & Karlis Vilerts, 2018, "On the design of stabilising fiscal rules," Working Papers, Latvijas Banka, number 2018/05, Dec.
• Joao Ayres & Marcio Garcia & Diogo Guillen & Patrick J. Kehoe, 2018, "The Monetary and Fiscal History of Brazil, 1960-2016," Staff Report, Federal Reserve Bank of Minneapolis, number 575, Dec, DOI: 10.21034/sr.575.
• Piedrahíta, Esteban & Pérez, Carlos Andrés & Londoño, Harold, 2017, "Mientras llegaba el futuro
  [While the future arrived]," MPRA Paper, University Library of Munich, Germany, number 90350, Sep.
• Malamud, Semyon & Eren, Egemen, 2018, "Dominant Currency Debt," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13391, Dec.
• Taylor, John, 2018, "Taylor Rules and Forward Guidance: A Rule is not a Path," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13383, Dec.
• Jonathan Acosta-Smith, 2018, "Interest rates, capital and bank risk-taking," Bank of England working papers, Bank of England, number 774, Dec.
• Kindy R. Sjahrir, 2018, "Formulating Regional Competitiveness Fiscal Policy based upon Leverage Factors for Indonesian Data," Working Papers in Economics and Development Studies (WoPEDS), Department of Economics, Padjadjaran University, number 201804, Dec, revised Dec 2018.
• Concha Artola & María Gil & Javier J. Pérez & Alberto Urtasun & Alejandro Fiorito & Diego Vila, 2018, "Monitoring the Spanish economy from a regional perspective: main elements of analysis," Occasional Papers, Banco de España, number 1809, Dec.
• Javier Bianchi & Jorge Mondragon, 2018, "Monetary Independence and Rollover Crises," NBER Working Papers, National Bureau of Economic Research, Inc, number 25340, Dec.
• Nizam, Ahmed Mehedi, 2019, "On the Algebraic Calculation of the Fiscal Multiplier," MPRA Paper, University Library of Munich, Germany, number 91173, Jan.
• Kyungmin Kim & Antoine Martin & Ed Nosal, 2018, "Can the US Interbank Market be Revived?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2018-088, Dec, DOI: 10.17016/FEDS.2018.088.
• Maliar, Lilia, 2018, "Continuous Time Versus Discrete Time in the New Keynesian Model: Closed-Form Solutions and Implications for Liquidity Trap," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13384, Dec.
• Janine M. Dixon & Jason Nassios, 2018, "A Dynamic Economy-wide Analysis of Company Tax Cuts in Australia," Centre of Policy Studies/IMPACT Centre Working Papers, Victoria University, Centre of Policy Studies/IMPACT Centre, number g-287, Dec.
• Sanjiv R. Das & Kris James Mitchener & Angela Vossmeyer, 2018, "Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression," NBER Working Papers, National Bureau of Economic Research, Inc, number 25405, Dec.
• Perri, Fabrizio & Hur, Sewon & Kondo, Illenin, 2018, "Real Interest Rates, Inflation, and Default," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13388, Dec.
• Alessio Moro & Omar Rachedi, 2018, "The changing structure of goverment consumption spending," Working Papers, Banco de España, number 1840, Nov.
• Mundaca, Fernando & Sánchez, Elmer, 2018, "Índice de Precios de Inmuebles: Un Enfoque Hedónico," Working Papers, Banco Central de Reserva del Perú, number 2018-006, Nov.
• Kindy R. Sjahrir, 2018, "Dynamic Stochastic General Equilibrium With Financial Accelerator: The Case Of Indonesia," Working Papers in Economics and Development Studies (WoPEDS), Department of Economics, Padjadjaran University, number 201806, Dec, revised Dec 2018.
• Fergus Cumming, 2018, "Mortgages, cash-flow shocks and local employment," Bank of England working papers, Bank of England, number 773, Dec.
• Item repec:bof:bofitp:2018_023 is not listed on IDEAS anymore

• Nitzan Tzur-Ilan, 2018, "LTV Limits and Borrower Risk," Bank of Israel Working Papers, Bank of Israel, number 2018.12, Dec.
• Dmitry Kreptsev & Sergei Seleznev, 2017, "DSGE Model of the Russian Economy with the Banking Sector," Bank of Russia Working Paper Series, Bank of Russia, number wps27, Dec.
• Mikael Beatriz & Jérome Coffinet & Théo Nicolas, 2018, "Relationship lending and SMEs funding costs over the cycle: why diversification of borrowing matters," Working papers, Banque de France, number 705.
• Ricco, Giovanni & Miranda-Agrippino, Silvia, 2018, "The Transmission of Monetary Policy Shocks," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13396, Dec.
• Benjamin Hartung & Philip Jung & Moritz Kuhn, 2018, "What Hides Behind the German Labor Market Miracle? Unemployment Insurance Reforms and Labor Market Dynamics," CESifo Working Paper Series, CESifo, number 7379.
• Evzen Kocenda & Karen Poghosyan, 2018, "Nowcasting real GDP growth with business tendency surveys data: A cross country analysis," KIER Working Papers, Kyoto University, Institute of Economic Research, number 1002, Sep.
• Olivier Coibion & Yuriy Gorodnichenko & Tiziano Ropele, 2018, "Inflation Expectations and Firm Decisions: New Causal Evidence," NBER Working Papers, National Bureau of Economic Research, Inc, number 25412, Dec.
• Daniel J. Lewis, 2018, "Robust inference in models identified via heteroskedasticity," Staff Reports, Federal Reserve Bank of New York, number 876, Dec.
• Ludmila Fadejeva & Janis Lapins & Liva Zorgenfreija, 2018, "Results of the Household Finance and Consumption Survey in Latvia," Discussion Papers, Latvijas Banka, number 2018/01, Sep.
• Łukasz Janikowski & Balazs Romhanyi, 2018, "Is a Fiscal Policy Council needed in Poland?," mBank - CASE Seminar Proceedings, CASE-Center for Social and Economic Research, number 0157, Nov.
• Istvan Konya & Franklin Maduko, 2018, "Interest premium and external position: a time varying approach," CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 1829, Nov.
• Hossain, Md. Mobarak, 2018, "Dynamic Growth Rate of U.S. Economy," MPRA Paper, University Library of Munich, Germany, number 91042, Dec.
• Asano, Koji, 2018, "Ignorant Experts and Financial Fragility," MPRA Paper, University Library of Munich, Germany, number 90830, Dec.
• Sakkas, Stelios & Varthalitis, Petros, 2018, "The (intertemporal) equity-efficiency trade-off of fiscal consolidation," MPRA Paper, University Library of Munich, Germany, number 90983, Dec.
• Lise Patureau & Céline Poilly, 2018, "Reforms and the Real Exchange Rate: The Role of Pricing-to-Market," AMSE Working Papers, Aix-Marseille School of Economics, France, number 1834, Oct.
• Albert, Juan-Francisco & Gómez-Fernández, Nerea, 2018, "Monetary policy and the redistribution of net worth in the US," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 91320, Dec.
• Wansleben, Leon, 2018, "How expectations became governable: institutional change and the performative power of central banks," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 91316, Nov.
• Christopher J. Erceg & Andrea Prestipino & Andrea Raffo, 2018, "The Macroeconomic Effects of Trade Policy," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1242, Dec, DOI: 10.17016/IFDP.2018.1242.
• Naoyuki Yoshino & Farhad Taghizadeh-Hesary & Tetsuro Mizoguchi, 2018, "Fiscal Policy Conditions for Government Budget Stability and Economic Recovery: Comparative Analysis of Japan and Greece," ADBI Working Papers, Asian Development Bank Institute, number 851, Jul.
• Sangyup Choi, 2019, "Changes in the Effects of Bank Lending Shocks and the Development of Public Debt Markets," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2019rwp-140, Jan.
• Kent Daniel & Lorenzo Garlappi & Kairong Xiao, 2018, "Monetary Policy and Reaching for Income," NBER Working Papers, National Bureau of Economic Research, Inc, number 25344, Dec.
• Theophilopoulou, Angeliki, 2018, "The impact of macroeconomic uncertainty on inequality: An empirical study for the UK," MPRA Paper, University Library of Munich, Germany, number 90448, Nov.
• Vellekoop, Nathanael, 2018, "Explaining intra-monthly consumption patterns: The timing of income or the timing of consumption commitments?," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 237, DOI: 10.2139/ssrn.2248641.
• Raputsoane, Leroi, 2018, "Temporal homogeneity between financial stress and the economic cycle," MPRA Paper, University Library of Munich, Germany, number 91119, Dec.
• Martinelli, César & Vega, Marco, 2018, "Monetary and Fiscal History of Peru 1960-2010: Radical Policy Experiments, Inflation and Stabilization," Working Papers, Banco Central de Reserva del Perú, number 2018-007, Nov.
• Mohammed Ait Lahcen & Pedro Gomis-Porqueras, 2018, "A model of endogenous financial inclusion: implications for inequality and monetary policy," ECON - Working Papers, Department of Economics - University of Zurich, number 310, Dec, revised Feb 2021.
• Suzuki, Shiba, 2018, "Inequality and asset fire sales," MPRA Paper, University Library of Munich, Germany, number 90906, Dec.
• Item repec:imf:imfscr:18/336 is not listed on IDEAS anymore

• Chowdhury, Md Niaz Murshed & Hossain, Md Mobarak, 2018, "Population Growth and Economic Development in Bangladesh: Revisited Malthus," MPRA Paper, University Library of Munich, Germany, number 90826, Oct.
• Yildirim, Ramazan & Masih, Mansur & Bacha, Obiyathulla, 2017, "Determinants of capital structure - Evidence from Shari'ah compliant and non-compliant firms," MPRA Paper, University Library of Munich, Germany, number 90280, Jun, revised 26 May 2018.
• George-Marios Angeletos & Karthik A. Sastry, 2018, "Managing Expectations: Instruments vs. Targets," NBER Working Papers, National Bureau of Economic Research, Inc, number 25404, Dec.
• Ross Levine & Yona Rubinstein, 2018, "Selection into Entrepreneurship and Self-Employment," NBER Working Papers, National Bureau of Economic Research, Inc, number 25350, Dec.
• Peter J. Montiel & Peter Pedroni, 2018, "Trilemma-Dilemma: Constraint or Choice? Some Empirical Evidence from a Structurally Identified Heterogeneous Panel VAR," Department of Economics Working Papers, Department of Economics, Williams College, number 2018-08, Aug.
• Sona Benecka & Ludmila Fadejeva & Martin Feldkircher, 2018, "Spillovers from Euro Area Monetary Policy: A Focus on Emerging Europe," Working Papers, Latvijas Banka, number 2018/04, Oct.
• Jorge Duran & Omar Licandro, 2018, "Is the Output Growth Rate in NIPA a Welfare Measure?," AMSE Working Papers, Aix-Marseille School of Economics, France, number 1840, Nov.
• Nicholas Oulton & Ana Rincon-Aznar & Lea Samek & Sylaja Srinivasan, 2018, "Double deflation: theory and practice," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2018-17, Dec.
• Cantoni, Davide & Dittmar, Jeremiah & Yuchtman, Noam, 2018, "Religious competition and reallocation: the political economy of secularization in the Protestant Reformation," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 91319, Nov.
• Thorsten Klug & Eric Mayer & Tobias Schuler, 2018, "The Corporate Saving Glut and the Current Account in Germany," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 280.
• Harjaat S. Bhamra & Christian Dorion & Alexandre Jeanneret & Michael Weber & Michael Weber, 2018, "Low Inflation: High Default Risk AND High Equity Valuations," CESifo Working Paper Series, CESifo, number 7391.
• Sewon Hur & Illenin O. Kondo & Fabrizio Perri, 2018, "Real Interest Rates, Inflation, and Default," Staff Report, Federal Reserve Bank of Minneapolis, number 574, Dec, DOI: 10.21034/sr.574.
• Nicodème, Gaëtan & Caiumi, Antonella & Majewski, Ina, 2018, "What Happened to CIT collection? Solving the Rates-Revenues Puzzle," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13385, Dec.
• Adrien Lutz, 2018, "On commercial gluts, or when the Saint-Simonians adopted Jean-Baptiste Say’s view," Working Papers, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon, number 1838.
• Item repec:imf:imfscr:18/332 is not listed on IDEAS anymore

• Item repec:imf:imfscr:18/335 is not listed on IDEAS anymore

• John Bailey Jones & Yue Li, 2017, "The Effects of Collecting Income Taxes on Social Security Benefits," CINCH Working Paper Series, Universitaet Duisburg-Essen, Competent in Competition and Health, number 1706, Jun, revised Jun 2017.
• Elmrabet, Maissa & Boulila, Ghazi, 2018, "Causality deficit-inflation: Wavelet Transform," MPRA Paper, University Library of Munich, Germany, number 90505, Dec.
• Mieke Dujardin & Freddy Heylen, 2018, "Raising Employment: Fiscal Policy, Wage Formation, And Their Impact On Welfare, Inequality And Poverty A General Equilibrium Analysis," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 18/950, Dec.
• Gabor Uliha & Janos Vincze, 2018, "Exchange rates and prices: a continuous wavelet perspective," CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 1833, Dec.
• Yariv, Leeat & Jackson, Matthew O., 2018, "The Non-Existence of Representative Agents," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13397, Dec.
• Item repec:imf:imfscr:18/327 is not listed on IDEAS anymore

• María Gil & Javier J. Pérez & A. Jesús Sánchez & Alberto Urtasun, 2018, "Nowcasting private consumption: traditional indicators, uncertainty measures, credit cards and some internet data," Working Papers, Banco de España, number 1842, Dec.
• Item repec:imf:imfscr:18/333 is not listed on IDEAS anymore

• David López-Rodríguez & Cristina García Ciria, 2018, "Estructura impositiva de España en el contexto de la Unión Europea," Occasional Papers, Banco de España, number 1810, Dec.
• Stéphane Sorbe & Peter Gal & Valentine Millot, 2018, "Can productivity still grow in service-based economies?: Literature overview and preliminary evidence from OECD countries," OECD Economics Department Working Papers, OECD Publishing, number 1531, Dec, DOI: 10.1787/4458ec7b-en.
• Rose, Andrew & Furceri, Davide & Ahmed Hannan, Swarnali & Ostry, Jonathan D., 2018, "Macroeconomic Consequences of Tariffs," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13389, Dec.
• Marcella Lorenzini, 2018, "Expenditures and food consumption of a patrician family in nineteenth-century Trentino: the Bossi Fedrigotti," HHB Working Papers Series, The Historical Household Budgets Project, number 15, Dec.
• Itamar Caspi & Amit Friedman & Sigal Ribon, 2018, "The Immediate Impact and Persistent Effect of FX Purchases on the Exchange Rate," Bank of Israel Working Papers, Bank of Israel, number 2018.04, Jun.
• Vinicius Ratton Brandi & Joaquim Pinto de Andrade, 2018, "Avaliação de Políticas Macroprudenciais em um Modelo com Fricções Financeiras Estimado para a Economia Brasileira," Working Papers Series, Central Bank of Brazil, Research Department, number 491, Dec.
• Matteo Maggiori & Brent Neiman & Jesse Schreger, 2018, "The Rise of the Dollar and Fall of the Euro as International Currencies," NBER Working Papers, National Bureau of Economic Research, Inc, number 25410, Dec.
• Item repec:imf:imfscr:18/316 is not listed on IDEAS anymore

• Vasily Astrov & Rumen Dobrinsky & Richard Grieveson & Doris Hanzl-Weiss & Peter Havlik & Gabor Hunya & Sebastian Leitner & Isilda Mara & Olga Pindyuk & Leon Podkaminer & Sandor Richter & Hermine Vidov, 2018, "Monthly Report No. 6/2018," wiiw Monthly Reports, The Vienna Institute for International Economic Studies, wiiw, number 2018-06, Jun.
• Item repec:imf:imfscr:18/330 is not listed on IDEAS anymore

• Hashmat Khan & Matthew Strathearn, 2018, "Collusion and Antitrust Filings over the Business Cycle," Carleton Economic Papers, Carleton University, Department of Economics, number 18-13, Dec.
• Flavio E. Buchieri, 2018, "La crisis bancaria y cambiaria de Argentina en el 2001: Evidencia empírica para un modelo teórico con equilibrios múltiples," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 672, Dec.
• Strulik, Holger, 2018, "I shouldn't eat this donut: Self-control, body weight, and health in a life cycle model," University of Göttingen Working Papers in Economics, University of Goettingen, Department of Economics, number 360.
• Pazhanisamy, R., 2018, "Re examination of Kinked Demand Oligopoly Market: Theory, Evidence and Policy Implications from Lakshadweep," MPRA Paper, University Library of Munich, Germany, number 91176, Dec, revised 25 Dec 2018.
• -, 2018, "U.S. Economic Outlook: Quarterly developments," Oficina de la CEPAL en Washington (Estudios e Investigaciones), Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 44330, Dec.
• Shakill Hassan & Siobhan Redford, 2017, "01 Dispersion of Inflation Expectations March 2015 2," Occasional Bulletin of Economic Notes, South African Reserve Bank, number 8894, Jan.
• Alain Venditti, 2018, "Competitive Equilibrium Cycles for Small Discounting in Discrete-Time Two-Sector Optimal Growth Models," Working Papers, HAL, number halshs-01934842, Nov.

Report NEP-MAC-2019-01-07

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: