Report NEP-MAC-2019-04-15

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:

• Olkhov, Victor, 2019, "New Essentials of Economic Theory I. Assumptions, Economic Space and Variables," MPRA Paper, University Library of Munich, Germany, number 93085, Mar.
• Luca Gambetti & Christoph Görtz & Dimitris Korobilis & John D. Tsoukalas & Francesco Zanetti, 2019, "The effect of news shocks and monetary policy," CESifo Working Paper Series, CESifo, number 7578.
• Thomas Palley, 2019, "Macroeconomics vs Modern Money Theory: Some unpleasant Keynesian arithmetic," Working Papers, Post Keynesian Economics Society (PKES), number PKWP1910, Apr.
• Drissi, Ramzi & Ghassan, Hassan B., 2018, "Sticky Price versus Sticky Information Price: Empirical Evidence in the New Keynesian Setting," MPRA Paper, University Library of Munich, Germany, number 93075, Mar, revised Apr 2019.
• Fernando Alexandre & Hélder Costa & Miguel Portela & Miguel Rodrigues, 2018, "Asymmetric regional dynamics: from bust to recovery," NIPE Working Papers, NIPE - Universidade do Minho, number 17/2018.
• Rasmus Fatum & Naoko Hara & Yohei Yamamoto, 2019, "Negative Interest Rate Policy and the Influence of Macroeconomic News on Yields," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 354, Jan, DOI: 10.24149/gwp354.
• Viacheslav Sheremirov & Sandra Spirovska, 2019, "Fiscal multipliers in advanced and developing countries: evidence from military spending," Working Papers, Federal Reserve Bank of Boston, number 19-3, Feb.
• Darracq Pariès, Matthieu & Kok, Christoffer & Rancoita, Elena, 2019, "Macroprudential policy in a monetary union with cross-border banking," Working Paper Series, European Central Bank, number 2260, Mar.
• Zengping He & Genliang Jia, 2019, "An Institutional Analysis of China's Reform of their Monetary Policy Framework," Economics Working Paper Archive, Levy Economics Institute, number wp_925, Apr.
• Egemen Eren & Semyon Malamud, 2018, "Dominant Currency Debt," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 18-55, Aug.
• Yoichiro Tamanyu, 2019, "Tax Rules to Prevent Expectations-driven Liquidity Trap," Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University, number 2019-005, Jan.
• King Yoong Lim & Pengfei Jia, 2019, "Police spending and economic stabilization in a monetary economy with crime and differential human capital," NBS Discussion Papers in Economics, Economics, Nottingham Business School, Nottingham Trent University, number 2019/02, Jan.
• Hochmuth, Brigitte & Kohlbrecher, Britta & Merkl, Christian & Gartner, Hermann, 2019, "Hartz IV and the Decline of German Unemployment: A Macroeconomic Evaluation," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12260, Mar.
• Alberto Botta & Eugenio Caverzasi & Alberto Russo, 2019, "When complexity meets finance: A contribution to the study of the macroeconomic effects of complex financial systems," Working Papers, Post Keynesian Economics Society (PKES), number PKWP1909, Apr.
• Jamie Culling & Michael Callaghan & Adam Richardson, 2019, "Effective Monetary Stimulus: Measuring the stance of monetary policy in New Zealand," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2019/05, May.
• Wishnu Mahraddika, 2019, "Does international reserve accumulation crowd out domestic private investment?," Departmental Working Papers, The Australian National University, Arndt-Corden Department of Economics, number 2019-02.
• khan, sajawal, 2018, "Business Cycle Fluctuations: why are so undesirable?," MPRA Paper, University Library of Munich, Germany, number 93172, Oct, revised 12 Jan 2019.
• Papetti, Andrea, 2019, "Demographics and the natural real interest rate: historical and projected paths for the euro area," Working Paper Series, European Central Bank, number 2258, Mar.
• Vítor Castro & Rodrigo Martins, 2018, "Economic and political drivers of the duration of credit booms," NIPE Working Papers, NIPE - Universidade do Minho, number 15/2018.
• khan, sajawal, 2018, "Managing the Expectations and Monetary Policy effectiveness: Role of Inflation Targeting," MPRA Paper, University Library of Munich, Germany, number 93170, Nov, revised 20 Feb 2019.
• Item repec:imf:imfscr:19/99 is not listed on IDEAS anymore

• Brand, Claus & Mazelis, Falk, 2019, "Taylor-rule consistent estimates of the natural rate of interest," Working Paper Series, European Central Bank, number 2257, Mar.
• Farmer, Roger & Nicolo, Giovanni, 2019, "Some International Evidence for Keynesian Economics Without the Phillips Curve," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13655, May.
• Item repec:imf:imfscr:91/97 is not listed on IDEAS anymore

• Claude Bismut & Ismael Ramajo, 2019, "A world of low interest rates," CEE-M Working Papers, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro, number hal-02086234.
• James B. Bullard, 2018, "Assessing the Risk of Yield Curve Inversion: An Update: a presentation at the Glasgow-Barren County Chamber of Commerce Quarterly Breakfast, Glasgow, Ky," Speech, Federal Reserve Bank of St. Louis, number 317, Jul.
• James B. Bullard, 2018, "Remarks on the 2018 U.S. Macroeconomic Outlook: a presentation at the 29th Annual Economic Outlook Conference, Gatton College of Business and Economics, University of Kentucky, Lexington, Ky," Speech, Federal Reserve Bank of St. Louis, number 300, Feb.
• Harashima, Taiji, 2019, "A Pareto Inefficient Path to Steady State in Recession," MPRA Paper, University Library of Munich, Germany, number 93216, Apr.
• Junankar, Pramod N. (Raja), 2019, "Monetary Policy, Growth and Employment in Developing Areas: A Review of the Literature," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12197, Mar.
• Cipullo, Davide & Reslow, André, 2019, "Biased Forecasts to Affect Voting Decisions? The Brexit Case," Working Paper Series, Uppsala University, Department of Economics, number 2019:4, Mar.
• Kose, M. Ayhan & Huidrom, Raju & Lim, Jamus & Ohnsorge, Franziska, 2019, "Why Do Fiscal Multipliers Depend on Fiscal Positions?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13648, Apr.
• Lena Boneva & James Cloyne & Martin Weale & Tomasz Wieladek, 2019, "Firms' Price, Cost and Activity Expectations: Evidence from Micro Data," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2019-05, Mar.
• Item repec:imf:imfscr:19/92 is not listed on IDEAS anymore

• Sebastian Link, 2019, "The Price and Employment Response of Firms to the Introduction of Minimum Wages," CESifo Working Paper Series, CESifo, number 7575.
• James B. Bullard, 2018, "More on Modern Monetary Policy Rules: a presentation at the Indiana Bankers Association, Indiana Economic Outlook Forum, Carmel, Ind," Speech, Federal Reserve Bank of St. Louis, number 326, Dec.
• Moore, Rachel & Pecoraro, Brandon, 2019, "Modeling the Internal Revenue Code in a heterogeneous-agent framework: An application to TCJA," MPRA Paper, University Library of Munich, Germany, number 93110, Apr.
• Xu, Wenli, 2019, "A Baseline Medium-Scale NK DSGE Model for Policy Analysis," MPRA Paper, University Library of Munich, Germany, number 93167, Apr.
• Antonia Lòpez-Villavicencio & Marc Pourroy, 2019, "Inflation target and (a)symmetries in the oil price pass-through to inflation," Post-Print, HAL, number hal-02082415, May, DOI: 10.1016/j.eneco.2019.01.025.
• Christian Matthes & Felipe Schwartzman, 2019, "What Do Sectoral Dynamics Tell Us About the Origins of Business Cycles?," Working Paper, Federal Reserve Bank of Richmond, number 19-9, Mar.
• Dimitrios Bakas & Athanasios Triantafyllou, 2018, "The Impact of Uncertainty Shocks on the Volatility of Commodity Prices," NBS Discussion Papers in Economics, Economics, Nottingham Business School, Nottingham Trent University, number 2018/02, Jan.
• Thomas Douenne, 2019, "Disaster risks, disaster strikes and economic growth: the role of preferences," Working Papers, FAERE - French Association of Environmental and Resource Economists, number 2019.05, Feb.
• James B. Bullard, 2018, "The U.S. Economy Three Months into 2018: a presentation at the Arkansas Bankers Association and Arkansas State Bank Department’s Day with the Commissioner, Little Rock, Ark," Speech, Federal Reserve Bank of St. Louis, number 303, Apr.
• James B. Bullard, 2019, "Three Themes for Monetary Policy in 2019: a presentation at The 57th Winter Institute, St. Cloud State University, St. Cloud, Minn," Speech, Federal Reserve Bank of St. Louis, number 329, Feb.
• Mairead de Roiste & Apostolos Fasianos & Robert Kirkby & Fang Yao, 2019, "Household Leverage and Asymmetric Housing Wealth Effects- Evidence from New Zealand," Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand, number DP2019/01, Apr.
• Fernando Alexandre & Pedro Bação & Miguel Portela, 2019, "A flatter life-cycle consumption profile," NIPE Working Papers, NIPE - Universidade do Minho, number 01/2019.
• Juan David Urquijo Vanegas & Carlos Mateo Perilla Casta�eda & Fabi�n Ricardo Mart�nez Cruz, 2019, "Fracking: viabilidad económica y ambiental en Colombia," Econógrafos, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 17222, Apr.
• Item repec:imf:imfscr:19/98 is not listed on IDEAS anymore

• Joseph E. Gagnon & Christopher G. Collins, 2019, "Low Inflation Bends the Phillips Curve," Working Paper Series, Peterson Institute for International Economics, number WP19-6, Apr.
• William Oman, 2019, "The Synchronization of Business Cycles and Financial Cycles in the Euro Area," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL, number hal-02076848, Mar.
• Nicholas Oulton, 2019, "GDP is a measure of output, not welfare. Or, HOS meets the SNA," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2019-06, Mar.
• James B. Bullard & Riccardo DiCecio, 2018, "Optimal Monetary Policy for the Masses: a presentation at the Swiss National Bank Research Conference 2018, Current Monetary Policy Challenges, Zurich, Switzerland," Speech, Federal Reserve Bank of St. Louis, number 321, Sep.
• James B. Bullard, 2018, "A Cautionary Note on U.S. Monetary Policy Normalization: a presentation at the Japan Center for International Finance, Global Finance Seminar, Tokyo, Japan," Speech, Federal Reserve Bank of St. Louis, number 309, May.
• King Yoong Lim & Diego Morris, 2019, "Modeling the drugs and guns trade in a two-country model with endogenous growth," NBS Discussion Papers in Economics, Economics, Nottingham Business School, Nottingham Trent University, number 2019/01, Jan.
• James B. Bullard, 2019, "When Quantitative Tightening Is Not Quantitative Tightening: a presentation at the 2019 U.S. Monetary Policy Forum, The Future of the Federal Reserve’s Balance Sheet, New York, N.Y," Speech, Federal Reserve Bank of St. Louis, number 330, Feb.
• Item repec:imf:imfwpa:19/70 is not listed on IDEAS anymore

• James B. Bullard, 2018, "Optimal Monetary Policy for the Masses: a presentation at the 2018 Texas Monetary Conference, Austin, Texas," Speech, Federal Reserve Bank of St. Louis, number 305, May.
• Item repec:imf:imfwpa:19/75 is not listed on IDEAS anymore

• Hali Edison & Hector Carcel, 2019, "Text Data Analysis Using Latent Dirichlet Allocation: An Application to FOMC Transcripts," Bank of Lithuania Discussion Paper Series, Bank of Lithuania, number 11, Apr.
• James B. Bullard, 2018, "Optimal Monetary Policy for the Masses: a presentation at the University of Birmingham, Birmingham, United Kingdom," Speech, Federal Reserve Bank of St. Louis, number 318, Aug.
• James B. Bullard, 2018, "What Is the Best Strategy for Extending the U.S. Economy’s Expansion?: a presentation at the CFA Society Chicago—Distinguished Speaker Series Breakfast, Chicago, Ill," Speech, Federal Reserve Bank of St. Louis, number 320, Sep.
• Charles I. Jones, 2019, "Taxing Top Incomes in a World of Ideas," NBER Working Papers, National Bureau of Economic Research, Inc, number 25725, Apr.
• James Bishop & Iris Chan, 2019, "Is Declining Union Membership Contributing to Low Wages Growth?," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2019-02, Apr.
• Maxim, Maruf Rahman & Zander, Kerstin, 2019, "Can a Green Tax Reform Entail Employment Double Dividend in European and non-European Countries? A Survey of the Empirical Evidence," MPRA Paper, University Library of Munich, Germany, number 93226, Apr.
• Linda G. Veiga & Georgios Efthyvoulou & Atsuyoshi Morozumi, 2018, "Political Budget Cycles: Conditioning Factors and New Evidence," NIPE Working Papers, NIPE - Universidade do Minho, number 21/2018.
• Eric Rosengren, 2019, "Perspectives on monetary policy and market volatility: remarks to The Boston Economic Club, Federal Reserve Bank of Boston, Boston, Massachusetts, January 9, 2019," Speech, Federal Reserve Bank of Boston, number 140, Jan.
• James B. Bullard, 2018, "U.S. Monetary Policy: A Case for Caution: a presentation at the Springfield Area Chamber of Commerce, Springfield Business Development Corp. Meeting, Springfield, Mo," Speech, Federal Reserve Bank of St. Louis, number 306, May.
• Thomas van Florenstein Mulder & Tugrul Vehbi, 2019, "Forecasting with a Global VAR model," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2019/03, Mar.
• James B. Bullard, 2018, "Modernizing Monetary Policy Rules: a presentation a t the Economic Club of Memphis, Memphis, Tenn," Speech, Federal Reserve Bank of St. Louis, number 324, Oct.
• James B. Bullard, 2018, "Optimal Monetary Policy for the Masses: a presentation at Norges Bank, Oslo, Norway," Speech, Federal Reserve Bank of St. Louis, number 298, Jan.
• Góra, Marek & Palmer, Edward, 2019, "NDC: The Generic Old-Age Pension Scheme," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12221, Mar.
• J. E. Boscá & R. Doménech & J. Ferri & J. Rubio-Ramirez, 2019, "Macroeconomic Effects of Taxes on Banking," Studies on the Spanish Economy, FEDEA, number eee2019-09, Apr.
• Nogues-Marco, Pilar & Esteves, Rui, 2019, "Monetary Systems and the Global Balance-of-Payments Adjustment in the Pre-Gold Standard Period, 1700-1870," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13652, Apr.
• James B. Bullard, 2018, "How to Extend the U.S. Expansion: A Suggestion: a presentation at the Real Return XII: The Inflation-Linked Products Conference 2018, New York, N.Y," Speech, Federal Reserve Bank of St. Louis, number 319, Sep.
• Molinder, Jakob, 2019, "Why Was Unemployment so Low in Postwar Sweden? An Analysis with New Unemployment Data by Manufacturing Industry, 1935-1948," Lund Papers in Economic History, Lund University, Department of Economic History, number 201, Apr.
• Darracq Pariès, Matthieu & Papadopoulou, Niki, 2019, "On the credit and exchange rate channels of central bank asset purchases in a monetary union," Working Paper Series, European Central Bank, number 2259, Mar.
• Gabriele Camera & Cary Deck & David Porter, 2019, "Do Economic Inequalities Affect Long-Run Cooperation & Prosperity?," Working Papers, Chapman University, Economic Science Institute, number 19-09.
• James B. Bullard, 2018, "Optimal Monetary Policy for the Masses: a presentation at the Barcelona GSE, Summer Forum, Workshop on Monetary Policy and Central Banking, Barcelona, Spain," Speech, Federal Reserve Bank of St. Louis, number 313, Jun.
• Eric Rosengren, 2019, "Central bank balance sheets: misconceptions and realities: remarks at the Credit Suisse Asian Investment Conference, Hong Kong, China, March 26, 2019," Speech, Federal Reserve Bank of Boston, number 142, Mar.
• Eric Rosengren, 2019, "Risk management in monetary policymaking: remarks to the National Association of Corporate Directors, New England Chapter, Boston, Massachusetts, March 5, 2019," Speech, Federal Reserve Bank of Boston, number 141, Mar.
• James B. Bullard & Riccardo DiCecio, 2019, "\"Optimal Monetary Policy for the Masses: a presentation at the Center for Research on the Wisconsin Economy, University of Wisconsin-Madison, Madison, Wis," Speech, Federal Reserve Bank of St. Louis, number 331, Mar.
• Reis, Ricardo, 2018, "Comment on "Michelson-Morley, Fisher, and Occam: the radical implications of stable quiet inflation at the zero bound"," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 85665, May.
• Szybisz, Martin Andres, 2019, "Interactions between Credit and Market Risk, Diversification vs Compounding effects," MPRA Paper, University Library of Munich, Germany, number 93173, Apr.
• James B. Bullard, 2019, "Perspectives on 2019 Monetary Policy: a presentation at the Power Up Little Rock, Little Rock Regional Chamber, Little Rock, Ark," Speech, Federal Reserve Bank of St. Louis, number 327, Jan.
• Jagjit S. Chadha & Ana Rincon-Aznar & Sylaja Srinivasan & Ryland Thomas, 2019, "A Century of High Frequency UK Macroeconomic Statistics: A Data Inventory," Economic Statistics Centre of Excellence (ESCoE) Technical Reports, Economic Statistics Centre of Excellence (ESCoE), number ESCOE-TR-03, Apr.
• Nicolás Andrés Cabra Ruiz & Nicol�s Steven Escobar Forero & Andr�s Nicol�s Herrera Rojas, 2019, "Determinantes de la violencia homicida en Bogotá 2002-2017," Econógrafos, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 17223, Apr.
• António Afonso & João Tovar Jalles, 2019, "Stock flow adjustments in sovereign debt dynamics: the role of fiscal frameworks," EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 20.
• Kenny S, Victoria, 2019, "A causal relationship between unemployment and economic growth," MPRA Paper, University Library of Munich, Germany, number 93133, Apr.
• Virginie Coudert & Cécile Couharde & Carl Grekou & Valérie Mignon, 2019, "Heterogeneity within the euro area: New insights into an old story," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2019-6.
• James B. Bullard, 2018, "Allan Meltzer and the Search for a Nominal Anchor: a speech at the \"Meltzer's Contributions to Monetary Economics and Public Policy, Philadelphia, Pa," Speech, Federal Reserve Bank of St. Louis, number 296, Jan.
• Mohamed Diaby & Atsuyoshi Morozumi, 2019, "Sectoral heterogeneities in price rigidity and returns to scale," Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM), number 2019/05.
• Item repec:imf:imfwpa:19/69 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:19/72 is not listed on IDEAS anymore

• Raghavan, Mala, 2019, "An analysis of the global oil market using SVARMA models," Working Papers, University of Tasmania, Tasmanian School of Business and Economics, number 2019-01.
• James B. Bullard, 2018, "The Case of the Disappearing Phillips Curve: a presentation at the 2018 ECB Forum on Central Banking Macroeconomics of Price- and Wage-Setting, Sintra, Portugal," Speech, Federal Reserve Bank of St. Louis, number 314, Jun.
• Grafström, Jonas, 2019, "Public policy failures related to China´s Wind Power Development," Ratio Working Papers, The Ratio Institute, number 320, Apr.
• Naudé, Wim, 2019, "The Race against the Robots and the Fallacy of the Giant Cheesecake: Immediate and Imagined Impacts of Artificial Intelligence," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12218, Mar.
• James B. Bullard, 2018, "A Primer on Price Level Targeting in the U.S.: a presentation at the CFA Society of St. Louis, St. Louis, Mo," Speech, Federal Reserve Bank of St. Louis, number 297, Jan.
• Agarwal, Samiksha & Chakraborty, Lekha, 2019, "Business Taxation in an Emerging Economy: Analysing Corporate Tax Incidence," MPRA Paper, University Library of Munich, Germany, number 93192, Mar.
• Kenny S, Victoria, 2019, "Exchange Rate Management and Economic Growth: An FMOLS Approach," MPRA Paper, University Library of Munich, Germany, number 93125, Apr.
• Item repec:imf:imfwpa:19/66 is not listed on IDEAS anymore

• Steusloff, Tatjana & Steusloff, Tatjana, , "Motive und Barrieren zum Konsum von Superfood
  [Motives and Barriers for the Consumption of Superfood]," Duesseldorf Working Papers in Applied Management and Economics, Duesseldorf University of Applied Sciences, number 49.
• James B. Bullard, 2018, "Does a Low-Interest-Rate Regime Harm Savers?: a presentation at Nonlinear Models in Macroeconomics and Finance for an Unstable World, Norges Bank, Oslo, Norway," Speech, Federal Reserve Bank of St. Louis, number 299, Jan.
• Nashihah, Faidatun, 2019, "Market mechanisms in conventional economics and Islamic Economics," MPRA Paper, University Library of Munich, Germany, number 93190, Mar, revised 02 Apr 2019.
• Hasan, Zubair, 2019, "Deficit financing in developing countries: Applications and consequences," MPRA Paper, University Library of Munich, Germany, number 93118, Jan, revised Feb 2019.

Report NEP-MAC-2019-04-15

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: