Report NEP-MAC-2019-04-01

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:

• Carlo Galli, 2019, "Self-Fulfilling Debt Crises, Fiscal Policy and Investment," Discussion Papers, Centre for Macroeconomics (CFM), number 1904, Feb.
• Melosi, Leonardo & Campbell, Jeffrey & Ferroni, Filippo & Fisher, Jonas, 2019, "The Limits of Forward Guidance," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13612, Mar.
• M. Ayhan Kose & Hideaki Matsuoka & Ugo Panizza & Dana Vorisek, 2019, "Inflation Expectations: Review and Evidence," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-29, Mar.
• Yunjong Eo & Denny Lie, 2019, "Changes in the Inflation Target and the Comovement Between Inflation and the Nominal Interest Rate," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-30, Mar.
• Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2019, "Understanding Inflation in Emerging and Developing Economies," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13608, Mar.
• Kose, M. Ayhan & Matsuoka, Hideaki & Panizza, Ugo & Vorisek, Dana, 2019, "Inflation Expectations: Review and Evidence," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13601, Mar.
• Warwick J. McKibbin & Adam Triggs, 2019, "Stagnation vs Singularity: The Global Implications of Alternative Productivity Growth Scenarios," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-26, Mar.
• Cynthia L. Doniger, 2019, "Do Greasy Wheels Curb Inequality?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-021, Mar, DOI: 10.17016/FEDS.2019.021.
• Demir, Ishak, 2019, "International Spillovers of U.S. Monetary Policy," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 193968.
• Stéphane Lhuissier & Fabien Tripier, 2019, "Regime-Dependent Effects of Uncertainty Shocks: A Structural Interpretation," Working papers, Banque de France, number 714.
• Ding Dong & Zheng Liu & Pengfei Wang & Tao Zha, 2022, "A Theory of Housing Demand Shocks," Working Paper Series, Federal Reserve Bank of San Francisco, number 2019-9, May, DOI: 10.24148/wp2019-09.
• Hans Gersbach & Volker Hahn & Yulin Liu, 2018, "Macroprudential Policy in the New Keynesian World," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich, number 18/294, Aug.
• Zheng Liu & Pengfei Wang & Tao Zha, 2019, "A Theory of Housing Demand Shocks," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2019-4, Mar, DOI: 10.29338/wp2019-04.
• Stefania Albanesi, 2019, "Changing Business Cycles: The Role of Women's Employment," Working Papers, Human Capital and Economic Opportunity Working Group, number 2019-021, Mar.
• Travis J. Berge & Damjan Pfajfar, 2019, "Duration Dependence, Monetary Policy Asymmetries, and the Business Cycle," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-020, Mar, DOI: 10.17016/FEDS.2019.020.
• Neville Francis & Michael T. Owyang & Daniel Soques, 2019, "Business Cycles Across Space and Time," Working Papers, Federal Reserve Bank of St. Louis, number 2019-010, Jan, revised 05 May 2021, DOI: 10.20955/wp.2019.010.
• Shayan Zakipour-Saber, 2019, "State-dependent Monetary Policy Regimes," Working Papers, Queen Mary University of London, School of Economics and Finance, number 882, Feb.
• Rochelle M. Edge & J. Nellie Liang, 2019, "New Financial Stability Governance Structures and Central Banks," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-019, Mar, DOI: 10.17016/FEDS.2019.019.
• Bruni, Franco & Lopez, Claude, 2019, "Monetary Policy and Financial System Resilience," MPRA Paper, University Library of Munich, Germany, number 92880.
• Hagenhoff, Tim & Lustenhouwer, Joep, 2019, "The Rationality Bias," BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group, number 144.
• Andrea Caponera & Carlo Gola, 2019, "Economic and regulatory aspects of crypto-assets," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 484, Mar.
• Benoit Mojon & Xavier Ragot, 2019, "Can an ageing workforce explain low inflation?," BIS Working Papers, Bank for International Settlements, number 776, Mar.
• James B. Bullard & Riccardo DiCecio, 2019, "Optimal Monetary Policy for the Masses," Working Papers, Federal Reserve Bank of St. Louis, number 2019-009, Mar, revised 25 Jul 2023, DOI: 10.20955/wp.2019.009.
• Dodge Cahan & Luisa Dörr & Niklas Potrafke & Luisa Dörr, 2019, "Government ideology and monetary policy in OECD countries," CESifo Working Paper Series, CESifo, number 7549.
• Auclert, Adrien & Dobbie, Will & Goldsmith-Pinkham, Paul, 2019, "Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13598, Mar.
• Valentin Jouvanceau, 2019, "New Evidence on the Effects of Quantitative Easing," Working Papers, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon, number 1912.
• Raju Huidrom & M. Ayhan Kose & Jamus J. Lim & Franziska L. Ohnsorge, 2019, "Why Do Fiscal Multipliers Depend on Fiscal Positions?," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-28, Mar.
• Miguel Faria-e-Castro, 2019, "A Quantitative Analysis of Countercyclical Capital Buffers," Working Papers, Federal Reserve Bank of St. Louis, number 2019-008, Mar, revised 01 Jan 2020, DOI: 10.20955/wp.2019.008.
• Istvan Konya & Judit Kreko & Gabor Oblath, 2019, "Labor shares in the EU - sectoral effects and the role of relative prices," CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 1902, Jan.
• Jan Bruha & Jaromir Tonner, 2018, "Independent Monetary Policy Versus a Common Currency: A Macroeconomic Analysis for the Czech Republic Through the Lens of an Applied DSGE Model," Working Papers, Czech National Bank, Research and Statistics Department, number 2018/19, Dec.
• J. Scott Davis & Ippei Fujiwara & Kevin X. D. Huang & Jiao Wang, 2019, "Foreign Exchange Reserves as a Tool for Capital Account Management," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 352, Feb, DOI: 10.24149/gwp352.
• Michael M. Batty & Jesse Bricker & Joseph S. Briggs & Alice Henriques Volz & Elizabeth Ball Holmquist & Susan Hume McIntosh & Kevin B. Moore & Eric R. Nielsen & Sarah Reber & Molly Shatto & Kamila Som, 2019, "Introducing the Distributional Financial Accounts of the United States," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-017, Mar, DOI: 10.17016/FEDS.2019.017.
• Adrien Auclert & Will S. Dobbie & Paul Goldsmith-Pinkham, 2019, "Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession," NBER Working Papers, National Bureau of Economic Research, Inc, number 25685, Mar.
• Lena Boneva & James Cloyne & Martin Weale & Tomasz Wieladek, 2019, "Firms' Price, Cost and Activity Expectations: Evidence from Micro Data," Discussion Papers, Centre for Macroeconomics (CFM), number 1905, Feb.
• Alessandra Bonfiglioli & Gino Gancia, 2018, "Economic Uncertainty and Structural Reforms," Working Papers, Queen Mary University of London, School of Economics and Finance, number 877, Nov.
• Michel De Vroey, 2019, "Preface to the Chinese Edition of A History of Macroeconomics from Keynes to Lucas and Beyond," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2019006, Jan.
• Robert Breunig & Owen Freestone, 2019, "Risk Aversion Among Australian Households," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-27, Mar.
• Stéphane Auray & Aurélien Eyquem, 2018, "Robots in a Small Open Economy," Working Papers, Center for Research in Economics and Statistics, number 2018-17, Oct.
• Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2019, "Global Inflation Synchronization," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13600, Mar.
• Saroj Bhattarai & Felipe Schwartzman & Choongryul Yang, 2019, "The Persistent Employment Effects of the 2006-09 U.S. Housing Wealth Collapse," Working Paper, Federal Reserve Bank of Richmond, number 19-7, Mar.
• Hyeongwoo Kim & Wen Shi & Hyun Hak Kim, 2019, "Forecasting Financial Stress Indices in Korea: A Factor Model Approach," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2019-02, Mar.
• Vasilev, Aleksandar, 2019, "The "Armey Curve" in Bulgaria (2000-18): Theoretical Considerations and Empirical Results," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 194183.
• Tayyar Buyukbasaran & Gokce Karasoy Can & Hande Kucuk, 2019, "Identifying Credit Supply Shocks in Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 1906.
• David Baqaee & Emmanuel Farhi, 2019, "A Short Note on Aggregating Productivity," NBER Working Papers, National Bureau of Economic Research, Inc, number 25688, Mar.
• Wickens, Michael R., 2019, "Idiosyncratic shocks: a new procedure for identifying shocks in a VAR with application to the New Keynesian model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13613, Mar.
• Daniel R. Carroll & Sewon Hur, 2019, "On the Heterogeneous Welfare Gains and Losses from Trade," Working Papers, Federal Reserve Bank of Cleveland, number 19-06, Mar, DOI: 10.26509/frbc-wp-201906.
• Lopez, Claude & Bruni, Franco, 2019, "The Macroprudential Policy Framework Needs to Be Global," MPRA Paper, University Library of Munich, Germany, number 92881, Mar.
• Caselli, Francesco & Ciccone, Antonio, 2019, "The human capital stock: a generalized approach: comment," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 100254, Mar.
• Nicholas Outlon, 2019, "GDP is a measure of output, not welfare. Or, HOS meets the SNA," Discussion Papers, Centre for Macroeconomics (CFM), number 1906, Mar.
• Mary C. Daly, 2019, "Prospects for Inflation in a High Pressure Economy: Is the Phillips Curve Dead or is it just Hibernating?," Speech, Federal Reserve Bank of San Francisco, number 192, Feb.
• Hyeongwoo Kim & Ying Lin & Henry Thompson, 2019, "Exchange Rate Pass-Through to Consumer Prices: The Increasing Role of Energy Prices," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2019-01, Mar.
• Müller, Gernot & Wolf, Martin & Hettig, Thomas, 2019, "Exchange Rate Undershooting: Evidence and Theory," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13597, Mar.
• Seuk Wai, Phoong, 2019, "An ARDL Approach on Crude Oil Price and Macroeconomic Variables," GATR Journals, Global Academy of Training and Research (GATR) Enterprise, number jber171, Mar.
• Claude Bismut & Ismael Ramajo, 2018, "On the empirical relevance of the Lucas supply curve. (A note)," CEE-M Working Papers, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro, number hal-01954918.
• Chang, C-L. & Ilomäki, J. & Laurila, H. & McAleer, M.J., 2019, "Central Bank Intervention, Bubbles and Risk in Walrasian Financial Markets," Econometric Institute Research Papers, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute, number EI2019-07, Feb.
• Amélie Charles & Olivier Darné & Laurent Ferrara, 2018, "Does the Great Recession imply the end of the Great Moderation? International evidence," Post-Print, HAL, number hal-01757081, DOI: 10.1111/ecin.12551.
• Patrick T. Harker, 2019, "The Future of the Fed’s Balance Sheet," Speech, Federal Reserve Bank of Philadelphia, number 161, Feb.
• van der Eng, Pierre, 2019, "Long-term Trends in Gross Domestic Expenditure in Indonesia: Provisional Estimates," CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University, number 2018-19, Mar.
• Matteo Mogliani, 2019, "Bayesian MIDAS penalized regressions: estimation, selection, and prediction," Working papers, Banque de France, number 713.
• Güell, Maia & Lafuente, Cristina, 2019, "Unemployment Duration Variance Decomposition a la ABS: Evidence from Spain," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13610, Mar.
• Ravi Bansal & Shane Miller & Dongho Song & Amir Yaron, 2019, "The Term Structure of Equity Risk Premia," NBER Working Papers, National Bureau of Economic Research, Inc, number 25690, Mar.
• Bryan Hardy & Felipe Saffie, 2019, "From carry trades to trade credit: financial intermediation by non-financial corporations," BIS Working Papers, Bank for International Settlements, number 773, Mar.
• Margherita Borella & Mariacristina De Nardi & Fang Yang, 2019, "The lost ones: the opportunities and outcomes of non-college-educated Americans born in the 1960s," Working Papers, Human Capital and Economic Opportunity Working Group, number 2019-022.
• Ljungberg, Jonas, 2019, "Baltic Integration and the Euro," Lund Papers in Economic History, Lund University, Department of Economic History, number 198, Mar.
• Mary C. Daly, 2019, "The Bumpy Road to 2 Percent: Managing Inflation in the Current Economy," Speech, Federal Reserve Bank of San Francisco, number 193, Mar.
• Athanasios Geromichalos & Kuk Mo Jung & Seungduck Lee & Dillon Carlos, 2019, "Asset Liquidity in Monetary Theory and Finance: A Unified Approach," Working Papers, University of California, Davis, Department of Economics, number 330, Mar.
• McAdam, Peter & Bridji, Slim & Charpe, Matthieu, 2019, "Labor share and growth in the long run," Working Paper Series, European Central Bank, number 2251, Mar.
• Pierre Pora & Lionel Wilner, 2019, "Decomposition of Labor Earnings Growth: Recovering Gaussianity?," Working Papers, Center for Research in Economics and Statistics, number 2019-03, Feb.
• Haliassos, Michael & Fuchs-Schündeln, Nicola, 2019, "Participation Following Sudden Access," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13596, Mar.
• Ademmer, Martin & Boysen-Hogrefe, Jens & Carstensen, Kai & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Rossian, Thies & Stolzenburg, Ulrich, 2019, "Schätzung von Produktionspotenzial und -lücke: Eine Analyse des EU-Verfahrens und mögliche Verbesserungen," Kieler Beiträge zur Wirtschaftspolitik, Kiel Institute for the World Economy, number 19.
• Boris Hofmann & Hyun Song Shin & Mauricio Villamizar-Villegas, 2019, "FX intervention and domestic credit: Evidence from high-frequency micro data," BIS Working Papers, Bank for International Settlements, number 774, Mar.
• Yiwei Dou & Geng Li & Joshua Ronen, 2019, "Does Price Regulation Affect Competition? Evidence from Credit Card Solicitations," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-018, Mar, DOI: 10.17016/FEDS.2019.018.
• Mundt, Philipp & Oh, Ilfan, 2019, "Asymmetric competition, risk, and return distribution," BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group, number 145.
• Mala Raghavan, 2019, "An Analysis of the Global Oil Market Using SVARMA Models," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-25, Mar.
• Simone Lenzu & Francesco Manaresi, 2019, "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 485, Mar.
• Achsania Hendratmi, 2019, "The Role of Islamic Crowdfunding Mechanisms in Business and Business Development," GATR Journals, Global Academy of Training and Research (GATR) Enterprise, number jber165, Mar.
• Taylor, Alan M. & Jordà , Ã’scar & Schularick, Moritz, 2019, "The Total Risk Premium Puzzle," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13595, Mar.
• Alessandra Bonfiglioli & Rosario Crinò & Gino Gancia, 2019, "Concentration in International Markets: Evidence from US Imports," Working Papers, Queen Mary University of London, School of Economics and Finance, number 883, Feb.
• Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2019, "The Total Risk Premium Puzzle?," Working Paper Series, Federal Reserve Bank of San Francisco, number 2019-10, Mar, DOI: 10.24148/wp2019-10.
• Naef, Alain, 2019, "Dirty float or clean intervention? The Bank of England in the foreign exchange market," Lund Papers in Economic History, Lund University, Department of Economic History, number 199, Mar.
• Laurent Ferrara & Anna Simoni, 2019, "When are Google data useful to nowcast GDP? An approach via pre-selection and shrinkage," Working Papers, Center for Research in Economics and Statistics, number 2019-04, Feb.
• Sebastian Rausch & Hagen Schwerin, 2018, "Does Higher Energy Efficiency Lower Economy-Wide Energy Use?," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich, number 18/299, Oct.
• Stéphane Auray & David L. Fuller, 2018, "Eligibility, Experience Rating, and Unemployment Insurance Take-up," Working Papers, Center for Research in Economics and Statistics, number 2018-18, Oct.
• Haroon Mumtaz & Katerina Petrova, 2018, "Changing impact of shocks: a time-varying proxy SVAR approach," Working Papers, Queen Mary University of London, School of Economics and Finance, number 875, Nov.
• Giordana, Gaston & Ziegelmeyer, Michael, 2019, "Stress testing household balance sheets in Luxembourg," Working Paper Series, European Central Bank, number 2254, Mar.
• Martin Bruns & Michele Piffer, 2018, "Bayesian Structural VAR models: a new approach for prior beliefs on impulse responses," Working Papers, Queen Mary University of London, School of Economics and Finance, number 878, Nov.

Report NEP-MAC-2019-04-01

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: