Report NEP-MAC-2019-05-13

This is the archive for NEP-MAC, a report on new working papers in the area of Macroeconomics. Soumitra K 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:

• Sangyup Choi & Chansik Yoon, 2019. "Uncertainty, Financial Markets, and Monetary Policy over the Last Century," Working papers 2019rwp-142, Yonsei University, Yonsei Economics Research Institute.
• Elke Holst & Denise Barth, 2019. "Makroökonomie: Blind Spot Gender: Erweiterung makroökonomischer Indikatoren durch eine Gender-Komponente am Beispiel der empirischen Phillips-Kurve," Discussion Papers of DIW Berlin 1786, DIW Berlin, German Institute for Economic Research.
• Jesús Fernández-Villaverde & Federico S. Mandelman & Yang Yu & Francesco Zanetti, 2019. "Search Complementarities, Aggregate Fluctuations, and Fiscal Policy," FRB Atlanta Working Paper 2019-9, Federal Reserve Bank of Atlanta.
• Ricardo Lagos & Shengxing Zhang, 2019. "On Money as a Medium of Exchange in Near-Cashless Credit Economies," NBER Working Papers 25803, National Bureau of Economic Research, Inc.
• Kristina Bluwstein & Michal Brzoza-Brzezina & Paolo Gelain & Marcin Kolasa, 2019. "Multiperiod Loans, Occasionally Binding Constraints, and Monetary Policy: A Quantitative Evaluation," Working Papers 19-10, Federal Reserve Bank of Cleveland.
• Aquilante, Tommaso & Chowla, Shiv & Dacic, Nikola & Haldane, Andrew & Masolo, Riccardo & Schneider, Patrick & Seneca, Martin & Tatomir, Srdan, 2019. "Market power and monetary policy," Bank of England working papers 798, Bank of England.
• Richard Ashley & Randal J. Verbrugge, 2019. "The Intermittent Phillips Curve: Finding a Stable (But Persistence-Dependent) Phillips Curve Model Specification," Working Papers 19-09R2, Federal Reserve Bank of Cleveland, revised 14 Feb 2023.
• Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2020. "State-dependent pricing turns money into a two-edged sword," Cardiff Economics Working Papers E2019/15, Cardiff University, Cardiff Business School, Economics Section.
• Levrero, Enrico Sergio & Deleidi, Matteo, 2019. "The causal relationship between short- and long-term interest rates: an empirical assessment of the United States," MPRA Paper 93608, University Library of Munich, Germany.
• Michael D. Bauer & Aeimit Lakdawala & Philippe Mueller, 2019. "Market-based monetary policy uncertainty," CESifo Working Paper Series 7621, CESifo.
• Chretien, Edouard & Lyonnet, Victor, 2019. "Traditional and Shadow Banks," Working Paper Series 2019-11, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Peter Hooper & Frederic S. Mishkin & Amir Sufi, 2019. "Prospects for Inflation in a High Pressure Economy: Is the Phillips Curve Dead or is It Just Hibernating?," NBER Working Papers 25792, National Bureau of Economic Research, Inc.
• Timo Henckel & Gordon D. Menzies & Peter Moffat & Daniel J. Zizzo, 2019. "Three Dimensions of Central Bank Credibility and Inferential Expectations: The Euro Zone," Working Paper Series 2019/02, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
• Schmöller, Michaela, 2019. "Stagnant wages, sectoral misallocation and slowing productivity growth," Research Discussion Papers 8/2019, Bank of Finland.
• John H. Cochrane, 2019. "The Fiscal Roots of Inflation," NBER Working Papers 25811, National Bureau of Economic Research, Inc.
• Giuseppe Ferrero & Andrea Nobili & Gabriele Sene, 2019. "Credit risk-taking and maturity mismatch: the role of the yield curve," Temi di discussione (Economic working papers) 1220, Bank of Italy, Economic Research and International Relations Area.
• Bruno Deschamps & Christos Ioannidis & Kook Ka, 2019. "High-Frequency Credit Spread Information and Macroeconomic Forecast Revision," Working Papers 2019-17, Economic Research Institute, Bank of Korea.
• Cecilia Dassatti Camors & José-Luis Peydró & Francesc R Tous & Sergio Vicente, 2019. "Macroprudential and Monetary Policy: Loan-Level Evidence from Reserve Requirements," Working Papers 1091, Barcelona School of Economics.
• Jorge E. Galán, 2019. "Measuring credit-to-gdp gaps. The hodrick-prescott filter revisited," Occasional Papers 1906, Banco de España.
• Marco Bottone & Alfonso Rosolia, 2019. "Monetary policy, firms’ inflation expectations and prices: causal evidence from firm-level data," Temi di discussione (Economic working papers) 1218, Bank of Italy, Economic Research and International Relations Area.
• Murota, Ryu-ichiro, 2019. "Negative interest rate policy in a permanent liquidity trap," MPRA Paper 93498, University Library of Munich, Germany.
• Thomas M. Mertens & John C. Williams, 2019. "Tying Down the Anchor: Monetary Policy Rules and the Lower Bound on Interest Rates," Working Paper Series 2019-14, Federal Reserve Bank of San Francisco.
• Jens H. E. Christensen & Mark M. Spiegel, 2019. "Assessing Abenomics: Evidence from Inflation-Indexed Japanese Government Bonds," Working Paper Series 2019-15, Federal Reserve Bank of San Francisco.
• Mi Luo & Simon Mongey, 2019. "Assets and Job Choice: Student Debt, Wages and Amenities," NBER Working Papers 25801, National Bureau of Economic Research, Inc.
• Margherita Bottero & Camelia Minoiu & José-Luis Peydró & Andrea Polo & Andrea F. Presbitero & Enrico Sette, 2019. "Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy," Working Papers 1090, Barcelona School of Economics.
• Máximo Camacho & María Dolores Gadea & Ana Gómez Loscos, 2019. "A new approach to dating the reference cycle," Working Papers 1914, Banco de España.
• Mehdi El Herradi & Aurélien Leroy, 2019. "Monetary policy and the top one percent: Evidence from a century of modern economic history," DNB Working Papers 632, Netherlands Central Bank, Research Department.
• Rodrigo Barbone Gonzales & Dmitry Khametshin & José-Luis Peydró & Andrea Polo, 2019. "Hedger of Last Resort: Evidence from Brazilian FX Interventions, Local Credit, and Global Financial Cycles," Working Papers 1089, Barcelona School of Economics.
• Claude Bismut & Ismael Ramajo, 2019. "A world of low interest rates," Working Papers hal-02086234, HAL.
• Federica Ciocchetta & Wanda Cornacchia, 2019. "Assessing financial stability risks from the real estate market in Italy: an update," Questioni di Economia e Finanza (Occasional Papers) 493, Bank of Italy, Economic Research and International Relations Area.
• Amisano, Gianni & Tristani, Oreste, 2019. "Uncertainty shocks, monetary policy and long-term interest rates," Working Paper Series 2279, European Central Bank.
• Olivier Coibion & Yuriy Gorodnichenko & Tiziano Ropele, 2019. "Inflation expectations and firms’ decisions: new causal evidence," Temi di discussione (Economic working papers) 1219, Bank of Italy, Economic Research and International Relations Area.
• Lamla, Michael J. & Lein, Sarah M. & Sturm, Jan-Egbert, 2019. "Media Reporting and Business Cycles: Empirical Evidence based on News Data," Working papers 2019/05, Faculty of Business and Economics - University of Basel.
• Daniel R. Carroll & Eric Young, 2017. "Neoclassical Inequality," Working Papers 14-32R2, Federal Reserve Bank of Cleveland.
• Larch, Martin & Cugnasca, Alessandro & Kumps, Diederik & Orseau, Eloïse, 2019. "Fiscal policy and the assessment of output gaps in real time: An exercise in risk management," ZEW Discussion Papers 19-013, ZEW - Leibniz Centre for European Economic Research.
• Andrea Linarello & Andrea Petrella & Enrico Sette, 2019. "Allocative Efficiency and Finance," Questioni di Economia e Finanza (Occasional Papers) 487, Bank of Italy, Economic Research and International Relations Area.
• Michele Loberto, 2019. "Safety traps, liquidity and information-sensitive assets," Temi di discussione (Economic working papers) 1216, Bank of Italy, Economic Research and International Relations Area.
• Fares Bounajm & Jean-Philippe Cayen & Michael Francis & Christopher Hajzler & Kristina Hess & Guillaume Poulin-Bellisle & Peter Selcuk, 2019. "Assessing Global Potential Output Growth: April 2019," Staff Analytical Notes 2019-13, Bank of Canada.
• Aikman, David & Giese, Julia & Kapadia, Sujit & McLeay, Michael, 2019. "Targeting financial stability: macroprudential or monetary policy?," Working Paper Series 2278, European Central Bank.
• Zeno Enders & Franziska Hünnekes & Gernot Müller, 2019. "Firm expectations and economic activity," CESifo Working Paper Series 7623, CESifo.
• Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2019. "Savings externalities and wealth inequality," CESifo Working Paper Series 7619, CESifo.
• Bart Hobijn & Fernanda Nechio & Adam Hale Shapiro, 2019. "Using Brexit to Identify the Nature of Price Rigidities," Working Paper Series 2019-13, Federal Reserve Bank of San Francisco.
• Pedro S. Amaral & Dean Corbae & Erwan Quintin, 2017. "Financial Engineering and Economic Development," Working Papers 16-29R, Federal Reserve Bank of Cleveland.
• S Devrim Yilmaz & Engelbert Stockhammer, 2019. "Coupling Cycle Mechanisms: Minsky debt cycles and the Multiplier-Accelerator," Working Papers hal-02012724, HAL.
• Item repec:wrk:wrkemf:21 is not listed on IDEAS anymore

• William Oman, 2019. "The Synchronization of Business Cycles and Financial Cycles in the Euro Area," Post-Print hal-02076848, HAL.
• Hüseyin Şen & Ayşe Kaya & Savaş Kaptan & Metehan Cömert, 2019. "Interest rates, inflation, and exchange rates in fragile EMEs: A fresh look at the long-run interrelationships," Working Papers halshs-02095652, HAL.
• Jean-Olivier Hairault & François Langot & Thepthida Sopraseuth, 2019. "Unemployment Fluctuations Over the Life Cycle," PSE Working Papers hal-01984987, HAL.
• Taylor, Alan M. & Benguria, Felipe, 2019. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," CEPR Discussion Papers 13702, C.E.P.R. Discussion Papers.
• Rey, Hélène & Gourinchas, Pierre-Olivier & Sauzet, Maxime, 2019. "The International Monetary and Financial System," CEPR Discussion Papers 13714, C.E.P.R. Discussion Papers.
• Oz Shy, 2019. "Cashless Stores and Cash Users," FRB Atlanta Working Paper 2019-11, Federal Reserve Bank of Atlanta.
• Diewert, Erwin & Fox, Kevin J., 2019. "Productivity Indexes and National Statistics: Theory, Methods and Challenges," Microeconomics.ca working papers erwin_diewert-2019-8, Vancouver School of Economics, revised 25 Apr 2019.
• Juan Gonzalo Zapata & Daniela Trespalacios, 2018. "Balance económico de Arauca : incertidumbre y perspectivas," Informes de Investigación 17268, Fedesarrollo.
• Arianna Miglietta & Fabrizio Venditti, 2019. "An indicator of macro-financial stress for Italy," Questioni di Economia e Finanza (Occasional Papers) 497, Bank of Italy, Economic Research and International Relations Area.
• Tang, Edward Chi Ho & Leung, Charles Ka Yui & Ng, Joe Cho Yiu, 2018. "Does an Oligopolistic Primary Market Matter? The Case of an Asian Housing Market," MPRA Paper 93680, University Library of Munich, Germany.
• Andrea Brandolini & Alfonso Rosolia, 2019. "The distribution of well-being among Europeans," Questioni di Economia e Finanza (Occasional Papers) 496, Bank of Italy, Economic Research and International Relations Area.
• Sebastian Doerr & Stefan Gissler & José-Luis Peydró & Hans-Joachim Voth, 2019. "From Finance to Fascism," Working Papers 1092, Barcelona School of Economics.
• Dominika Kolcunova & Simona Malovana, 2019. "The Effect of Higher Capital Requirements on Bank Lending: The Capital Surplus Matters," Working Papers 2019/2, Czech National Bank.
• Altavilla, Carlo & Andreeva, Desislava & Boucinha, Miguel & Holton, Sarah, 2019. "Monetary policy, credit institutions and the bank lending channel in the euro area," Occasional Paper Series 222, European Central Bank.
• Laurence Harris & Shannon Bold, 2018. "Identifying monetary policy rules in South Africa with inflation expectations and unemployment," WIDER Working Paper Series 43, World Institute for Development Economic Research (UNU-WIDER).
• Jason Nassios & John Madden & James Giesecke & Janine Dixon & Nhi Tran & Peter Dixon & Maureen Rimmer & Philip Adams & John Freebairn, 2019. "The economic impact and efficiency of state and federal taxes in Australia," Centre of Policy Studies/IMPACT Centre Working Papers g-289, Victoria University, Centre of Policy Studies/IMPACT Centre.
• Fares Bounajm & Jean-Philippe Cayen & Michael Francis & Christopher Hajzler & Kristina Hess & Guillaume Poulin-Bellisle & Peter Selcuk, 2019. "Évaluation de la croissance de la production potentielle mondiale : avril 2019," Staff Analytical Notes 2019-13fr, Bank of Canada.
• Mansur, Alfan, 2017. "Memantau Risiko Makro Finansial di dalam Perekonomian Indonesia [Surveillance on the Macro-financial Risks of Indonesia's Economy]," MPRA Paper 93752, University Library of Munich, Germany, revised 23 May 2018.
• James B. Bullard, 2019. "Nominal GDP Targeting as “Optimal Monetary Policy for the Masses”," Speech 333, Federal Reserve Bank of St. Louis.
• Ally Zhang, 2017. "Arbitrage Crashes, Financial Accelerator, and Sudden Market Freezes," Swiss Finance Institute Research Paper Series 17-62, Swiss Finance Institute, revised Jan 2018.
• Ernest Aryeetey & Ishmael Ackah, 2018. "The boom, the bust, and the dynamics of oil resource management in Ghana," WIDER Working Paper Series 89, World Institute for Development Economic Research (UNU-WIDER).
• Esther Mirjam Girsberger & Matthias Krapf & Miriam Rinawi, 2019. "Wages and employment: The role of occupational skills," Working Paper Series 2019/01, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
• Robert Liebenthal & Caesar Cheelo, 2018. "Understanding the implications of the boom-bust cycle of global copper prices for natural resources, structural change, and industrial development in Zambia," WIDER Working Paper Series 166, World Institute for Development Economic Research (UNU-WIDER).
• Laurence Harris & Manqoba Ntshakala, 2018. "The information content of the yield spread about future inflation in South Africa," WIDER Working Paper Series 63, World Institute for Development Economic Research (UNU-WIDER).
• Astrid Martínez Ortiz, 2019. "La Guajira: caracterización departamental y municipal," Informes de Investigación 17267, Fedesarrollo.
• Louise Roos & Philip Adams, 2019. "The Economy-Wide Impact of Subsidy Reform: A CGE Analysis," Centre of Policy Studies/IMPACT Centre Working Papers g-293, Victoria University, Centre of Policy Studies/IMPACT Centre.
• Marta De Philippis & Federico Rossi, 2019. "Parents, schools and human capital differences across countries," CEP Discussion Papers dp1617, Centre for Economic Performance, LSE.