Report NEP-MAC-2019-07-22

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:

• Tomohide Mineyama & Wataru Hirata & Kenji Nishizaki, 2019, "Costs and Benefits of Inflation: A Model Analysis of Japan and the U.S," Bank of Japan Research Laboratory Series, Bank of Japan, number 19-E-2, Jul.
• Item repec:bof:bofrdp:2019_012 is not listed on IDEAS anymore

• Taisuke Nakata & Takeki Sunakawa, 2019, "Credible Forward Guidance," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-037, May, DOI: 10.17016/FEDS.2019.037.
• Alice Albonico & Alessia Paccagnini & Patrizio Tirelli, 2018, "Limited Asset Market Participation and the Euro Area Crisis. An Empirical DSGE Model," Working Papers, University of Milano-Bicocca, Department of Economics, number 391, Nov, revised Nov 2018.
• Clara De Luigi & Martin Feldkircher & Philipp Poyntner & Helene Schuberth, 2019, "Effects of the ECB’s Unconventional Monetary Policy on Real and Financial Wealth," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp286, Jul.
• Matthieu Darracq Paries & Jenny Korner & Niki Papadopoulou, 2019, "Empowering Central Bank Asset Purchases: The Role of Financial Policies," Working Papers, Central Bank of Cyprus, number 2019-1, Feb.
• Michael T. Belongia & Peter N. Ireland, 2019, "A Classical View of the Business Cycle," NBER Working Papers, National Bureau of Economic Research, Inc, number 26056, Jul.
• Robert J. Hill & Miriam Steurer & Sofie R. Waltl, 2019, "Owner Occupied Housing in the CPI and its Impact on Monetary Policy during Housing Booms and Busts," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp285, Jul.
• Ricardo J. Caballero & Gunes Kamber, 2019, "On the Global Impact of Risk-off Shocks and Policy-put Frameworks," NBER Working Papers, National Bureau of Economic Research, Inc, number 26031, Jul.
• Byrne, David & Kelly, Robert, 2019, "Monetary policy expectations and risk-taking among U.S. banks," Research Technical Papers, Central Bank of Ireland, number 6/RT/19, Jun.
• Eiji Goto & Constantin Bürgi, 2019, "Sectoral Okun’s Law and Cross-Country Cyclical Differences," Working Papers, The George Washington University, The Center for Economic Research, number 2019-002, Jul.
• Geoffrey R. Dunbar & Amy (Qijia) Li, 2019, "The Effects of Inflation Targeting for Financial Development," Staff Analytical Notes, Bank of Canada, number 2019-21, Jul, DOI: 10.34989/san-2019-21.
• Akcay, Ümit & Güngen, Ali Riza, 2019, "The making of Turkey's 2018-2019 economic crisis," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 120/2019.
• Jacopo Bonchi, 2019, "Asset price bubbles with low interest rates: not all bubbles are alike," Bank of Estonia Working Papers, Bank of Estonia, number wp2019-01, Jan, revised 23 Jan 2019, DOI: 10.23656/25045520/012019/0163.
• Mikkelsen, Jakob & Poeschl, Johannes, 2019, "Banking Panic Risk and Macroeconomic Uncertainty," MPRA Paper, University Library of Munich, Germany, number 94729, Jun.
• Alice Albonico & Guido Ascari & Alessandro Gobbi, 2018, "The debt multiplier," Working Papers, University of Milano-Bicocca, Department of Economics, number 396, Dec, revised 20 Dec 2018.
• Youngjin Yun, 2018, "Reserve Accumulation and Bank Lending: Evidence from Korea," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2018_007, Jun.
• Peter Tillmann, , "Tapering Talk on Twitter and the Transmission to Emerging Economies," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2016_014.
• Barnichon, Regis & Mesters, Geert, 2019, "Identifying Modern Macro Equations with Old Shocks," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13765, May.
• Christopher M. Gunn & Alok Johri & Marc-Andre Letendre, 2019, "Charge-offs, Defaults and U.S. Business Cycles," Department of Economics Working Papers, McMaster University, number 2019-06, Jul.
• Milan Deskar-Škrbić & Karlo Kotarac & Davor Kunovac, 2019, "The Third Round of the Euro Area Enlargement: Are the Candidates Ready?," Working Papers, The Croatian National Bank, Croatia, number 57, Jul.
• Item repec:imf:imfscr:19/211 is not listed on IDEAS anymore

• Item repec:bof:bofrdp:2019_011 is not listed on IDEAS anymore

• James A. Kahn & Benjamin S. Kay, 2019, "The Impact of Credit Risk Mispricing on Mortgage Lending during the Subprime Boom," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-046, Jun, DOI: 10.17016/FEDS.2019.046.
• Soybilgen, Baris, 2018, "Identifying US business cycle regimes using dynamic factors and neural network models," MPRA Paper, University Library of Munich, Germany, number 94715, Jul.
• Putra, Adhitya, 2019, "Inflation: islam and conventional economic systems," MPRA Paper, University Library of Munich, Germany, number 94791, Jul, revised 02 Jul 2019.
• Knut Are Aastveit & Bruno Albuquerque & Andr Anundsen, 2019, "Changing supply elasticities and regional housing booms," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 19/972, Jun.
• Ekinci, Mehmet Fatih, 2019, "Intuitive and Reliable Estimates of Output Gap and Real Exchange Rate Cycles for Turkey," MPRA Paper, University Library of Munich, Germany, number 94698, Jun.
• Martellini, Paolo & Menzio, Guido & Visschers, Ludo, 2019, "Revisiting the Hypothesis of High Discounts and High Unemployment," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12441, Jun.
• Maurice Obstfeld, 2019, "Global Dimensions of U.S. Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 26039, Jul.
• Katrin Assenmacher & Franz Seitz & Jörn Tenhofen, 2019, "The demand for Swiss banknotes: some new evidence," Working Papers, Swiss National Bank, number 2019-02.
• Lilia Maliar & John B. Taylor, 2019, "Forward Guidance: Is It Useful Away from the Lower Bound?," NBER Working Papers, National Bureau of Economic Research, Inc, number 26053, Jul.
• Matthieu Darracq Paries & Niki Papadopoulou, 2019, "On the Credit and Exchange Rate Channels of Central Bank Asset Purchases in a Monetary Union," Working Papers, Central Bank of Cyprus, number 2019-2, Mar.
• Oleksandr Faryna & Magnus Jonsson & Nadiia Shapovalenko, 2019, "Disinflation in Closed and Small Open Economies," Working Papers, National Bank of Ukraine, number 01/2019, Mar.
• Ellison, Martin & Macaulay, Alistair, 2019, "A Rational Inattention Unemployment Trap," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13761, May.
• Jonas Heipertz & Amine Ouazad & Romain Rancière, 2019, "The Transmission of Shocks in Endogenous Financial Networks: A Structural Approach," NBER Working Papers, National Bureau of Economic Research, Inc, number 26049, Jul.
• Darmouni, Olivier & Geisecke, Oliver & Rodnyanky, Alexander, 2019, "The Bond Lending Channel of Monetary Policy," MPRA Paper, University Library of Munich, Germany, number 95141, Jul.
• Claudia Ruiz-Ortega & Jessica Roldán-Peña & Bernardo Morais & José-Luis Peydró, 2019, "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects," Working Papers, Barcelona School of Economics, number 1102, Jul.
• Artur Rutkowski, 2019, "Evaluating an old-age voluntary saving scheme under incomplete rationality," IBS Working Papers, Instytut Badan Strukturalnych, number 06/2019, Jul.
• P.J. Glandon & Ken Kuttner & Sandeep Mazumder & Caleb Stroup, 2019, "Macroeconomic Research, Present and Past," Department of Economics Working Papers, Department of Economics, Williams College, number 2019-06, Jul, revised Jul 2019.
• Item repec:imf:imfscr:19/180 is not listed on IDEAS anymore

• Finn Robinson & Jamie Culling & Gael Price, 2019, "Evaluating indicators of labour market capacity in New Zealand," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2019/09, Jun.
• Item repec:fst:wpaper:0025 is not listed on IDEAS anymore

• Nicoletta Berardi & Marie Lalanne & Paul Seabright, 2019, "Professional Networks and their Coevolution with Executive Careers," Working papers, Banque de France, number 723.
• Hill, Robert J. & Steurer, Miriam & Waltl, Sofie R., 2019, "Owner Occupied Housing in the CPI and its Impact on Monetary Policy during Housing Booms and Busts," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 285, Jul.
• Kimberly A. Berg & Nelson Mark, 2017, "Measures of Global Uncertainty and Carry-Trade Excess Returns," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2017_002, Mar.
• Marc-Andre Letendre & Sabreena Obaid, 2019, "Emerging Economy Business Cycles: Interest Rate Shocks vs Trend Shocks," Department of Economics Working Papers, McMaster University, number 2019-07, Jul.
• Pervin Dadashova & Magnus Jonsson, 2019, "Mitigating the Cost of Stricter Macroprudential Policies," Working Papers, National Bank of Ukraine, number 02/2019, Jun.
• Item repec:imf:imfwpa:19/133 is not listed on IDEAS anymore

• Punnoose Jacob & Thomas van Florenstein Mulder, 2019, "The flattening of the Phillips curve: Rounding up the suspects," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2019/06, May.
• Trent Saunders & Peter Tulip, 2019, "Cost-benefit Analysis of Leaning against the Wind," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2019-05, Jul.
• Item repec:imf:imfscr:19/194 is not listed on IDEAS anymore

• Item repec:imf:imfscr:19/208 is not listed on IDEAS anymore

• Knoblach, Michael, 2019, "Skill-biased technological change, endogenous labor supply, and the skill premium," CEPIE Working Papers, Technische Universität Dresden, Center of Public and International Economics (CEPIE), number 03/19.
• Bua, Giovanna & Dunne, Peter G. & Sorbo, Jacopo, 2019, "Money Market Funds and Unconventional Monetary Policy," Research Technical Papers, Central Bank of Ireland, number 7/RT/19, Jun.
• Adrian Pagan, 2019, "Australian Macro-Econometric Models and Their Construction - A Short History," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-50, Jul.
• Item repec:imf:imfscr:19/203 is not listed on IDEAS anymore

• Ellen R. McGrattan & Kazuaki Miyachi & Adrian Peralta-Alva, 2019, "On Financing Retirement, Health Care, and Long-Term Care in Japan," Staff Report, Federal Reserve Bank of Minneapolis, number 586, Jun, DOI: 10.21034/sr.586.
• Item repec:imf:imfscr:19/217 is not listed on IDEAS anymore

• Ismail, Yusra & Masih, Mansur, 2019, "Is the relationship between inflation and financial development symmetric or asymmetric? new evidence from Sudan based on NARDL," MPRA Paper, University Library of Munich, Germany, number 94694, Jun.
• Yuki M. Asano & Jakob J. Kolb & Jobst Heitzig & J. Doyne Farmer, 2019, "Emergent inequality and endogenous dynamics in a simple behavioral macroeconomic model," Papers, arXiv.org, number 1907.02155, Jul.
• Fiona Price & Benjamin Beckers & Gianni La Cava, 2019, "The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2019-06, Jul.
• Andrew Lilley & Matteo Maggiori & Brent Neiman & Jesse Schreger, 2019, "Exchange Rate Reconnect," NBER Working Papers, National Bureau of Economic Research, Inc, number 26046, Jul.
• Punnoose Jacob & Finn Robinson, 2019, "Suite as! Augmenting the Reserve Bank’s output gap indicator suite," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2019/08, Jun.
• Erzo G. J. Luttmer, 2019, "Slow Convergence in Economies with Organization Capital," Staff Report, Federal Reserve Bank of Minneapolis, number 585, Jun, DOI: 10.21034/sr.585.
• Item repec:imf:imfscr:19/205 is not listed on IDEAS anymore

• Juan Pablo Alfonso Zorro, 2019, "Efectos de las variaciones del IPC en las decisiones financieras," Econógrafos, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 17329, Jul.
• Eser, Fabian & Lemke, Wolfgang & Nyholm, Ken & Radde, Sören & Vladu, Andreea Liliana, 2019, "Tracing the impact of the ECB’s asset purchase programme on the yield curve," Working Paper Series, European Central Bank, number 2293, Jul.
• Chi Gong & Soyoung Kim, 2017, "Regional Business Cycle Synchronization in Emerging and Developing Countries: Regional or Global Integration? Trade or Financial Integration?," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2017_014, Sep.
• Susanto Basu, 2019, "Are Price-Cost Markups Rising in the United States? A Discussion of the Evidence," NBER Working Papers, National Bureau of Economic Research, Inc, number 26057, Jul.
• Luca Benati & Robert E. Lucas & Juan Pablo Nicolini & Warren E. Weber, 2019, "International Evidence on Long-Run Money Demand," Staff Report, Federal Reserve Bank of Minneapolis, number 587, Jun, DOI: 10.21034/sr.587.
• Oludele E. Folarin, 2019, "Financial Reforms and Industrialisation: Evidence from Nigeria," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 19/014, Jan.
• Chimere O. Iheonu, 2019, "Governance and Domestic Investment in Africa," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 19/001, Jan.
• Simplice A. Asongu & Oludele E. Folarin & Nicholas Biekpe, 2019, "The Stability of Demand for Money in the Proposed Southern African Monetary Union," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 19/025, Jan.
• Item repec:imf:imfscr:19/213 is not listed on IDEAS anymore

• Simplice A. Asongu & Nicholas M. Odhiambo, 2019, "Foreign Direct Investment, Information Technology and Economic Growth Dynamics in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute., African Governance and Development Institute., number 19/038, Jan.
• De Luigi, Clara & Schuberth, Helene & Feldkircher, Martin & Poyntner, Philipp, 2019, "Effects of the ECB's Unconventional Monetary Policy on Real and Financial Wealth," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 286, Jul.
• Andrew K. Rose, 2017, "Currency Wars? Unconventional Monetary Policy Does Not Stimulate Exports," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2017_003, Mar.
• Matthew E. Kahn & Kamiar Mohaddes & Ryan N. C. Ng & M. Hashem Pesaran & Mehdi Raissi & Jui-Chung Yang, 2019, "Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2019-49, Jul.
• Emna Trabelsi, 2019, "Do independence and transparency matter for bank development? A new lookup on emerging and developing countries," Post-Print, HAL, number hal-02162780, Apr.
• Adam Aboobaker, 2019, "Disarticulation as a Constraint to Wage-led Growth in Dual Economies," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics, number 2019-11.
• Item repec:imf:imfscr:19/212 is not listed on IDEAS anymore

• Item repec:imf:imfscr:19/192 is not listed on IDEAS anymore

• Robert S. Kaplan, 2019, "Economic Conditions and the Stance of Monetary Policy," Speeches and Essays, Federal Reserve Bank of Dallas, number 181, Jun.
• Item repec:imf:imfscr:19/216 is not listed on IDEAS anymore

• Item repec:imf:imfscr:19/210 is not listed on IDEAS anymore

• Magdalena Vlahova-Veleva, 2019, "Euro Area Accession and its Effect on Manufacturing," Bulgarian Economic Papers, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, number bep-2019-06, Jul, revised Jul 2019.
• Item repec:imf:imfscr:19/187 is not listed on IDEAS anymore

• Charles Engel, 2017, "Real Exchange Rate Convergence: The Roles of Price Stickiness and Monetary Policy," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2017_011, May.
• Luca Benati & Robert E. Lucas & Juan Pablo Nicolini & Warren E. Weber, 2019, "Online Appendix for: International Evidence on Long-Run Money Demand," Staff Report, Federal Reserve Bank of Minneapolis, number 588, Jun, DOI: 10.21034/sr.588.
• Matt Darst & Ehraz Refayet, 2019, "Mixed Signals: Investment Distortions with Adverse Selection," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-044, Jun, DOI: 10.17016/FEDS.2019.044.
• Schnabl, Gunther, 2019, "Die Verteilungseffekte der Geldpolitik der Europäischen Zentralbank und deren Einfluss auf die politische Stabilität," Working Papers, University of Leipzig, Faculty of Economics and Management Science, number 160.
• Darlena Tartari & Albi Tola, 2019, "Does the IMF Program Implementation Matter for Sovereign Spreads? The Case of Selected European Emerging Markets," Working Papers, Swiss National Bank, number 2019-01.
• A. M. B. Araujo & P. R. B. Lustosa, 2019, "The cyclicality of loan loss provisions under three different accounting models: the United Kingdom, Spain, and Brazil," Papers, arXiv.org, number 1907.07491, Jul.
• Item repec:imf:imfscr:19/215 is not listed on IDEAS anymore

• Jovicic, Sonja, 2019, "Chinas Wirtschaft: Steigende Risiken. Analyse und Simulationsrechnungen," IW-Reports, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 24/2019.
• Apopo, Natalay & Phiri, Andrew, 2019, "On the (in)efficiency of cryptocurrencies: Have they taken daily or weekly random walks?," MPRA Paper, University Library of Munich, Germany, number 94712, Jun.
• Laliotis, Dimitrios & Buesa, Alejandro & Leber, Miha & Población García, Francisco Javier, 2019, "An agent-based model for the assessment of LTV caps," Working Paper Series, European Central Bank, number 2294, Jul.
• Jakhotiya, Girish, 2019, "Directed social economics : China's complicated growth story," MPRA Paper, University Library of Munich, Germany, number 94721, Jun.
• Massimo Guidolin & Manuela Pedio, 2019, "Forecasting and Trading Monetary Policy Switching Nelson-Siegel Models," BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy, number 19106.
• Mujahidin, Muhamad, 2019, "Opportunities and Challenges of Sharia Technology Financials in Indonesia," MPRA Paper, University Library of Munich, Germany, number 94844, Jul.
• Goldbaum, Sergio & Pedrozo Junior, Euclides, 2019, "Import protection through antidumping filings and economic activity," Textos para discussão, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil), number 504, May.
• Item repec:efp:wpaper:2017-2 is not listed on IDEAS anymore

• Kenechukwu E. Anadu & James Bohn & Lina Lu & Matthew Pritsker & Andrei Zlate, 2019, "Reach for Yield by U.S. Public Pension Funds," Supervisory Research and Analysis Working Papers, Federal Reserve Bank of Boston, number RPA 19-2, Jun.
• Mujahidin, Muhamad, 2019, "Peluang dan Tantangan Financial Technologi Syariah di Indonesia," MPRA Paper, University Library of Munich, Germany, number 94842, Jul.

Report NEP-MAC-2019-07-22

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: