Report NEP-MAC-2019-02-18

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:

• Daniele Tavani & Luke Petach, 2019, "Firm beliefs and long-run demand effects in a labor-constrained model of growth and distribution," Working Papers, Post Keynesian Economics Society (PKES), number PKWP1903, Feb.
• Simon Gilchrist & Egon Zakrajšek, 2019, "Trade Exposure and the Evolution of Inflation Dynamics," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-007, Feb, DOI: 10.17016/FEDS.2019.007.
• Lorenzo Burlon & Paolo D'Imperio, 2019, "The euro-area output gap through the lens of a DSGE model," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 477, Jan.
• Anne Kathrin Funk, 2019, "Quantitative easing in the euro area and SMEs' access to finance: Who benefits the most?," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 02-2019, Feb.
• Jan Zacek, 2018, "Should Monetary Policy Lean against the Wind? An Evidence from a DSGE Model with Occasionally Binding Constraint," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2018/37, Dec, revised Dec 2018.
• Giuseppe Ferrero & Mario Pietrunti & Andrea Tiseno, 2019, "Benefits of gradualism or costs of inaction? Monetary policy in times of uncertainty," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1205, Feb.
• Di Casola, Paola & Sichlimiris, Spyridon, 2018, "Towards Technology-News-Driven Business Cycles," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 360, Nov.
• Ioannis Lazopoulos & Vasco J. Gabriel, 2019, "Policy Mandates and Institutional Architecture," School of Economics Discussion Papers, School of Economics, University of Surrey, number 0419, Feb.
• Kessel, Dany & Tyrefors, Björn & Vestman, Roine, 2018, "The Housing Wealth Effect: Quasi-Experimental Evidence," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 361, Dec.
• Hess T. Chung & Etienne Gagnon & Taisuke Nakata & Matthias Paustian & Bernd Schlusche & James Trevino & Diego Vilán & Wei Zheng, 2019, "Monetary Policy Options at the Effective Lower Bound : Assessing the Federal Reserve's Current Policy Toolkit," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-003, Feb, DOI: 10.17016/FEDS.2019.003.
• Kessel, Dany & Tyrefors, Björn & Vestman, Roine, 2019, "The Housing Wealth Effect: Quasi-Experimental Evidence," Working Paper Series, Research Institute of Industrial Economics, number 1262, Feb.
• Kohei Hasui & Yoshiyuki Nakazono & Yuki Teranishi, 2019, "Role of Expectations in a Liquidity Trap," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-16, Feb.
• Takayuki Tsuruga & Shota Wake, 2019, "Money-Financed Fiscal Stimulus: The Effects of Implementation Lag," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-12, Feb.
• Andrea Colabella, 2019, "Do the ECB’s monetary policies benefit emerging market economies? A GVAR analysis on the crisis and post-crisis period," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1207, Feb.
• Stefano Di Bucchianico, 2019, "A critical analysis of the secular stagnation theory," Departmental Working Papers of Economics - University 'Roma Tre', Department of Economics - University Roma Tre, number 0245, Feb.
• Adriana Grasso & Tiziano Ropele, 2018, "Firms’ inflation expectations and investment plans," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1203, Dec.
• Chong, Terence Tai Leung & Wu, Zhang, 2018, "Price Rigidity in China: Empirical Results at Home and Abroad," MPRA Paper, University Library of Munich, Germany, number 92013, Oct.
• Marco Vega & César Martinelli, 2018, "The Monetary and Fiscal History of Peru, 1960-2017: Radical Policy Experiments, Inflation and Stabilization," Documentos de Trabajo / Working Papers, Departamento de Economía - Pontificia Universidad Católica del Perú, number 2018-468, DOI: 10.18800/2079-8474.0468.
• André Binette & Dmitri Tchebotarev, 2019, "Canada’s Monetary Policy Report: If Text Could Speak, What Would It Say?," Staff Analytical Notes, Bank of Canada, number 2019-5, Feb, DOI: 10.34989/san-2019-5.
• James Chapman & Carolyn A. Wilkins, 2019, "Crypto ‘Money’: Perspective of a Couple of Canadian Central Bankers," Discussion Papers, Bank of Canada, number 2019-1, Feb, DOI: 10.34989/sdp-2019-1.
• Gardberg, Malin, 2019, "Financial Reforms and Low-Income Households’ Impact on International Consumption Risk Sharing," Working Paper Series, Research Institute of Industrial Economics, number 1261, Jan, revised 30 Jun 2022.
• Ki Young Park & Youngjoon Lee & Soohyon Kim, 2019, "Deciphering Monetary Policy Board Minutes through Text Mining Approach: The Case of Korea," Working Papers, Economic Research Institute, Bank of Korea, number 2019-1, Jan.
• Christos Kotsogiannis & Xavier Mateos-Planas, 2019, "Tax Evasion as Contingent Debt," Discussion Papers, Centre for Macroeconomics (CFM), number 1903, Jan.
• António Afonso & João Tovar Jalles & Mina Kazemi, 2019, "The Effects of Macroeconomic, Fiscal and Monetary Policy Announcements on Sovereign Bond Spreads: An Event Study from the EMU," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2019/67, Feb.
• Fethi Ogunc & Mustafa Utku Ozmen & Cagri Sarikaya, 2018, "Inflation Dynamics in Turkey from a Bayesian Perspective," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1810.
• Pawel Krolikowski, 2019, "Job Heterogeneity and Aggregate Labor Market Fluctuations," Working Papers, Federal Reserve Bank of Cleveland, number 19-04, Feb, DOI: 10.26509/frbc-wp-201904.
• Item repec:dnb:dnbwpp:624 is not listed on IDEAS anymore

• Bobeica, Elena & Ciccarelli, Matteo & Vansteenkiste, Isabel, 2019, "The link between labor cost and price inflation in the euro area," Working Paper Series, European Central Bank, number 2235, Feb.
• Lindé, Jesper & Pescatori, Andrea, 2018, "The Macroeconomic Effects of Trade Tariffs: Revisiting the Lerner Symmetry Result," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 363, Dec.
• Ubi-Abai, Itoro & Ekere, Daniel, 2018, "Fiscal Policy, Monetary Policy and Economic Growth in Sub-Saharan Africa," MPRA Paper, University Library of Munich, Germany, number 91950, Dec.
• Darracq Pariès, Matthieu & Körner, Jenny & Papadopoulou, Niki, 2019, "Empowering central bank asset purchases: The role of financial policies," Working Paper Series, European Central Bank, number 2237, Feb.
• Faraglia, E. & Marcet, A. & Oikonomou, R. & Scott, A., 2019, "Long Term Government Bonds," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1683, Feb.
• Julian Kozlowski & Laura Veldkamp & Venky Venkateswaran, 2019, "The Tail that Wags the Economy: Beliefs and Persistent Stagnation," Working Papers, Federal Reserve Bank of St. Louis, number 2019-6, Feb, DOI: 10.20955/wp.2019.006.
• Nam Gang Lee, 2019, "Trend Growth Shocks and Asset Prices," Working Papers, Economic Research Institute, Bank of Korea, number 2019-4, Jan.
• Peter Ganong & Pascal Noel, 2019, "Consumer Spending During Unemployment: Positive and Normative Implications," Working Papers, Human Capital and Economic Opportunity Working Group, number 2019-006, Feb.
• Stefania Gabriele & Enrico D’Elia, 2019, "Labour and capital remuneration in the OECD countries," Working Papers LuissLab, Dipartimento di Economia e Finanza, LUISS Guido Carli, number 19146.
• Edward Nelson, 2019, "Karl Brunner and U.K. Monetary Debate," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-004, Feb, DOI: 10.17016/FEDS.2019.004.
• Laurence M. Ball & Sandeep Mazumder, 2019, "The Nonpuzzling Behavior of Median Inflation," NBER Working Papers, National Bureau of Economic Research, Inc, number 25512, Jan.
• Kwangyong Park, 2019, "Uncertainty, Attention Allocation and Monetary Policy Asymmetry," Working Papers, Economic Research Institute, Bank of Korea, number 2019-5, Jan.
• Ben Charoenwong & Randall Morck & Yupana Wiwattanakantang, 2019, "Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing," NBER Working Papers, National Bureau of Economic Research, Inc, number 25525, Feb.
• Germán Gutiérrez & Thomas Philippon, 2019, "Fading Stars," NBER Working Papers, National Bureau of Economic Research, Inc, number 25529, Feb.
• Paulo de Carvalho Lins & Marcio Issao Nakane, 2019, "Floating-rate bonds and monetary policy effectiveness: insights from a DSGE model," Working Papers, Department of Economics, University of São Paulo (FEA-USP), number 2019_08, Feb.
• Item repec:ddt:wpaper:39 is not listed on IDEAS anymore

• Oguzhan Cepni & Ibrahim Ethem Guney & Doruk Kucuksarac & Muhammed Hasan Yilmaz, 2018, "The Interaction between Yield Curve and Macroeconomic Factors," CBT Research Notes in Economics, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1802.
• Loretta J. Mester, 2019, "Perspectives on the Economic Outlook and Monetary Policy in the Coming Year: 02-04-2019; The 50 Club, Cleveland, Ohio," Speech, Federal Reserve Bank of Cleveland, number 103, Feb.
• Maryam Farboodi & Roxana Mihet & Thomas Philippon & Laura Veldkamp, 2019, "Big Data and Firm Dynamics," NBER Working Papers, National Bureau of Economic Research, Inc, number 25515, Jan.
• Alessio Moro & Satoshi Tanaka, 2019, "Sectoral Shocks and Home Substitution," Discussion Papers Series, School of Economics, University of Queensland, Australia, number 602, Feb.
• Ashoka Mody & Milan Nedeljkovic, 2018, "Central Bank Policies and Financial Markets: Lessons from the Euro Crisis," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies., number 253, Dec.
• Desislava C. Andreeva & Miguel García-Posada, 2019, "The impact of the ECB’s targeted long-term refinancing operations on banks’ lending policies: the role of competition," Working Papers, Banco de España, number 1903, Feb.
• Kiss, Aron & Van Herck, Kristine, 2019, "Short-Term and Long-Term Determinants of Moderate Wage Growth in the EU," IZA Policy Papers, Institute of Labor Economics (IZA), number 144, Feb.
• Zelal Aktas & Yasemin Erduman & Neslihan Kaya Eksi, 2018, "The Effect of Fed�s Future Policy Expectations on Country Shares in Emerging Market Portfolio Flows," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1809.
• Daniel G. Garrett & Eric C. Ohrn & Juan Carlos Suárez Serrato, 2019, "Tax Policy and Local Labor Market Behavior," NBER Working Papers, National Bureau of Economic Research, Inc, number 25546, Feb.
• Selcuk Gul & Huseyin Tastan, 2018, "The Impact of Monetary Policy Stance, Financial Conditions, and the GFC on Investment-Cash Flow Sensitivity," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1811.
• Guimarães, Luis & Gil, Pedro, 2019, "Explaining the labor share: automation vs labor market institutions," MPRA Paper, University Library of Munich, Germany, number 92062, Jan.
• Adolfson, Malin & Laséen, Stefan & Lindé, Jesper & Ratto, Marco, 2018, "Identification Versus Misspecification in New Keynesian Monetary Policy Models," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 362, Nov.
• Aytul Ganioglu, 2018, "Net External Position, Financial Development, and Banking Crisis," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1814.
• Matuka, Adelajda, 2019, "Exchange Rate Pass-Through to Prices: VAR Evidence for Albania," MPRA Paper, University Library of Munich, Germany, number 92005, Feb.
• Loretta J. Mester, 2019, "The Outlook for the Economy and Monetary Policy; 02.13.19; University of Kentucky Gatton College of Business and Economics, 2019 Economic Outlook Conference, Lexington, KY," Speech, Federal Reserve Bank of Cleveland, number 105, Feb.
• Loretta J. Mester, 2019, "The Outlook for the Economy and Monetary Policy; 02.12.19; Financial Executives International and Xavier University, Cincinnati, OH," Speech, Federal Reserve Bank of Cleveland, number 104, Feb.
• Fernando J. Cardim de Carvalho, 2019, "Economic Planning under Capitalism: The New Deal and Postwar France Experiments," Economics Working Paper Archive, Levy Economics Institute, number wp_923, Feb.
• Valerie A. Ramey, 2019, "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," NBER Working Papers, National Bureau of Economic Research, Inc, number 25531, Feb.
• Mauro Bambi & Fausto Gozzi, 2019, "Internal Habit Formation and Optimality," Department of Economics Working Papers, Durham University, Department of Economics, number 2019_01, Jan.
• Item repec:dnb:dnbwpp:623 is not listed on IDEAS anymore

• Di Nola, Alessandro & Kocharkov, Georgi & Vasilev, Aleksandar, 2018, "Envelope Wages, Hidden Production and Labor Productivity," MPRA Paper, University Library of Munich, Germany, number 91945.
• Kevin Lee & James Morley & Kalvinder Shields & Madeleine Sui-Lay Tan, 2019, "The Australian Real-Time Fiscal Database: An Overview and an Illustration of its Use in Analysing Planned and Realised Fiscal Policies," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-14, Feb.
• Iftekhar Hasan & Roman Horvath & Jan Mares, 2018, "Finance and Wealth Inequality," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2018/35, Dec, revised Dec 2018.
• Grassetti, Francesca & Mammana, Cristiana & Michetti, Elisabetta, 2019, "On the interaction between real economy and financial markets," MPRA Paper, University Library of Munich, Germany, number 91975, Jan.
• Grey Gordon & Pablo Guerrón-Quintana, 2019, "On Regional Borrowing, Default, and Migration," Working Paper, Federal Reserve Bank of Richmond, number 19-4, Feb.
• de Renzio, Paolo & Wehner, Joachim, 2017, "The impacts of fiscal openness," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 82521, Aug.
• Item repec:ddt:wpaper:38 is not listed on IDEAS anymore

• Kevin Lee & James Morley & Kian Ong & Kalvinder Shields, 2019, "Measuring the Fiscal Multiplier when Plans Take Time to Implement," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-13, Feb.
• Bao H. Nguyen & Tatsuyoshi Okimoto & Trung Duc Tran, 2019, "Uncertainty and Sign-Dependent Effects of Oil Market Shocks," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-10, Feb.
• Ch.-M. CHEVALIER, 2018, "Consumption inequality in France between 1995 and 2011," Documents de Travail de l'Insee - INSEE Working Papers, Institut National de la Statistique et des Etudes Economiques, number g2018-07.
• Tayyar Buyukbasaran & Cem Cebi & Hande Kucuk, 2018, "The Interaction between Monetary and Fiscal Policies in a Small Scale Structural Model," CBT Research Notes in Economics, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1815.
• Grodecka, Anna & Kenny, Seán & Ögren, Anders, 2018, "Predictors of Bank Distress:The 1907 Crisis in Sweden," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 358, Oct.
• Douglas Davis & Oleg Korenok & Peter Norman & Bruno Sultanum & Randall Wright, 2019, "Playing with Money," Working Paper, Federal Reserve Bank of Richmond, number 19-2, Feb.
• Grant Allan & Kevin Connolly & Andrew G Ross & Peter McGregor, 2018, "Incorporating CO2 emissions into macroeconomic models through primary energy use," Working Papers, University of Strathclyde Business School, Department of Economics, number 1818, Nov.
• Lee, Hanol & Lee, Jong-Wha, 2019, "Patterns and Determinants of Intergenerational Educational Mobility: Evidence Across Countries," AGI Working Paper Series, Asian Growth Research Institute, number 2019-02, Feb.
• Steinar Strøm & Jon Vislie, 2019, "Wealth Management and Uncertain Tipping Points," CESifo Working Paper Series, CESifo, number 7487.
• Bin Grace Li & James J. McAndrews & Zhu Wang, 2019, "Two-sided Market, R&D and Payments System Evolution," Working Paper, Federal Reserve Bank of Richmond, number 19-3, Feb.
• Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2019, "Firm Entry and Exit and Aggregate Growth," Working Papers, Federal Reserve Bank of Cleveland, number 19-03R, Feb, revised 16 Jun 2020, DOI: 10.26509/frbc-wp-201903r.
• Meltem Gulenay Chadwick, 2018, "Dependence of �Fragile Five" and �Troubled Ten" Emerging Markets' Financial System to US Monetary Policy and Monetary Policy Uncertainty," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1817.
• Masaya Shintani & Masaya Yasuoka, 2019, "Fertility, Inequality and Income Growth," Discussion Paper Series, School of Economics, Kwansei Gakuin University, number 187, Feb.
• Murat Duran, 2018, "Explaining Exchange Rate Movements Using Yield Curves in Emerging Countries," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1820.
• Jieun Lee & Doojin Ryu, 2019, "The Impacts of Macroeconomic News Announcements on Intraday Implied Volatility," Working Papers, Economic Research Institute, Bank of Korea, number 2019-2, Jan.
• Maria Bolboaca & Sarah Fischer, 2019, "Unraveling News: Reconciling Conflicting Evidence," Working Papers, Swiss National Bank, Study Center Gerzensee, number 19.02, Feb.
• Marika Cioffi & Pietro Rizza & Marzia Romanelli & Pietro Tommasino, 2019, "Outline of a redistribution-free debt redemption fund for the euro area," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 479, Jan.
• Salih Fendoglu & Steven Ongena, 2018, "Tracing the Impact of a Sudden Stop: The Role of Bank Rollover Risks, Expectations, and Domestic Production Networks," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1818.
• Robert J. Shiller, 2019, "Narratives about Technology-Induced Job Degradations Then and Now," NBER Working Papers, National Bureau of Economic Research, Inc, number 25536, Feb.
• R. S.-H. Lee & M. Pak, 2018, "Pro-competitive effects of globalisation on prices, productivity and markups: Evidence in the Euro Area," Documents de Travail de l'Insee - INSEE Working Papers, Institut National de la Statistique et des Etudes Economiques, number g2018-06.
• Mahmut Gunay, 2018, "Nowcasting Annual Turkish GDP Growth with MIDAS," CBT Research Notes in Economics, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1810.
• Dorine Boumans & Clemens Fuest & Carla Krolage & Klaus Wohlrabe, 2019, "Expected Effects of the US Tax Reform on Other Countries: Global and Local Survey Evidence," CESifo Working Paper Series, CESifo, number 7491.

Report NEP-MAC-2019-02-18

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: