Report NEP-MAC-2019-10-14

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:

• Montoya Ramírez, Jaime Horacio, 2017. "Una regla empírica de tasa de interés de política monetaria para una economía emergente, pequena y abierta," Borradores Departamento de Economía 17514, Universidad de Antioquia, CIE.
• Tenreyro, Silvana & Drechsel, Thomas & McLeay, Michael, 2019. "Monetary policy for commodity booms and busts," CEPR Discussion Papers 14030, C.E.P.R. Discussion Papers.
• Ruthira Naraidoo & Vo Phuong Mai Le, 2019. "Monetary policy in a model with commodity and financial market," Working Papers 782, Economic Research Southern Africa.
• Stéphane Dupraz & Emi Nakamura & Jón Steinsson, 2019. "A Plucking Model of Business Cycles," NBER Working Papers 26351, National Bureau of Economic Research, Inc.
• Gürkaynak, Refet & Lee, Sang Seok & Karasoy Can, Gokce, 2019. "Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect," CEPR Discussion Papers 14017, C.E.P.R. Discussion Papers.
• Montoya Arbeláez, Jaime Alberto & Rhenals Monterrosa, Remberto, 2019. "Algebra de un modelo simple IS-MR-AD-AS: Notas de clase," Borradores Departamento de Economía 17522, Universidad de Antioquia, CIE.
• Izryadnova Olga, 2019. "Fixed investment in Russia in 2018," Published Papers ppaper-2019-970, Gaidar Institute for Economic Policy, revised 2019.
• Jan Stráský & Hyunjeong Hwang, 2019. "Negative interest rates in the euro area: Does it hurt banks?," OECD Economics Department Working Papers 1574, OECD Publishing.
• Ashima Goyal & Gagan Goel, 2019. "Correlated shocks, hysteresis, and the sacrifice ratio: Evidence from India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-026, Indira Gandhi Institute of Development Research, Mumbai, India.
• Alberto Coco & Nicola Viegi, 2019. "The monetary policy of the South African Reserve Bank: stance, communication and credibility," Working Papers 788, Economic Research Southern Africa.
• Vasilev, Aleksandar, 2019. "How important are consumer confidence shocks for the propagation of business cycles in Bulgaria?," LEAF Working Paper Series 19-03, University of Lincoln, Lincoln International Business School, Lincoln Economics and Finance Research Group (LEAF).
• Roman Horvath & Lóránt Kaszab & Ales Marsal, 2019. "Fiscal Policy and the Nominal Term Premium," MNB Working Papers 2019/2, Magyar Nemzeti Bank (Central Bank of Hungary).
• Roman Horvath & Lóránt Kaszab & Ales Marsal & Katrin Rabitsch, 2019. "Determinants of Fiscal Multipliers Revisited," MNB Working Papers 2019/3, Magyar Nemzeti Bank (Central Bank of Hungary).
• Demir, Ishak, 2019. "Monetary Policy Autonomy and International Monetary Spillovers," LEAF Working Paper Series 19-01, University of Lincoln, Lincoln International Business School, Lincoln Economics and Finance Research Group (LEAF).
• Montoya Ramírez, Jaime Horacio, 2019. "Determinantes del ahorro interno en Colombia: un acercamiento desde las Cuentas Nacionales Trimestrales para el período 1994-2017," Borradores Departamento de Economía 17521, Universidad de Antioquia, CIE.
• Taylor, Alan M. & Jordà , Ã’scar, 2019. "Riders on the Storm," CEPR Discussion Papers 13978, C.E.P.R. Discussion Papers.
• Bo?ena Kade?ábková & Emílie Ja?ová, 2019. "Churn on the labor market in the Czech Republic," Proceedings of Economics and Finance Conferences 9510783, International Institute of Social and Economic Sciences.
• Ashima Goyal & Prashant Parab, 2019. "Inflation convergence and anchoring of expectations in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-023, Indira Gandhi Institute of Development Research, Mumbai, India.
• Demir, Ishak, 2019. "International Spillovers of U.S. Monetary Policy," LEAF Working Paper Series 19-02, University of Lincoln, Lincoln International Business School, Lincoln Economics and Finance Research Group (LEAF).
• Laura Zacheo & Margarita Güenaga, 2019. "Traspaso de tipo de cambio a precios y relación con la credibilidad de la política monetaria," Documentos de trabajo 2019003, Banco Central del Uruguay.
• Chen, Zhengyang, 2019. "The Long-term Rate and Interest Rate Volatility in Monetary Policy Transmission," MPRA Paper 96339, University Library of Munich, Germany.
• Michael E. Waugh, 2019. "The Consumption Response to Trade Shocks: Evidence from the US-China Trade War," NBER Working Papers 26353, National Bureau of Economic Research, Inc.
• Dellas, Harris & Balfoussia, Hiona & Papageorgiou, Dimitris, 2019. "Fiscal distress and banking performance: The role of macroprudential regulation," CEPR Discussion Papers 14003, C.E.P.R. Discussion Papers.
• Gaballo, Gaetano & Ehrmann, Michael & Hoffmann, Peter & Strasser, Georg, 2019. "Can more public information raise uncertainty? The international evidence on forward guidance," CEPR Discussion Papers 13977, C.E.P.R. Discussion Papers.
• Ashima Goyal & Prashant Parab, 2019. "Modeling consumers' confidence and inflation expectations," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-025, Indira Gandhi Institute of Development Research, Mumbai, India.
• Tenreyro, Silvana & Broadbent, Ben & Di Pace, Federico & Drechsel, Thomas & Harrison, Richard, 2019. "The Brexit Vote, Productivity Growth and Macroeconomic Adjustments in the United Kingdom," CEPR Discussion Papers 13993, C.E.P.R. Discussion Papers.
• Paul Wohlfarth, 2019. "Preferred Habitat, Policy, and the CIP Puzzle," BCAM Working Papers 1908, Birkbeck Centre for Applied Macroeconomics.
• Schmeling, Maik & Schrimpf, Paul & Kroencke, Tim, 2019. "The FOMC Risk Shift," CEPR Discussion Papers 14037, C.E.P.R. Discussion Papers.
• Bianchi, Francesco & Kind, Thilo & Kung, Howard, 2019. "Threats to Central Bank Independence: High-Frequency Identification with Twitter," CEPR Discussion Papers 14021, C.E.P.R. Discussion Papers.
• Fernández-Villaverde, Jesús & Hurtado, Samuel & Nuño, Galo, 2019. "Financial Frictions and the Wealth Distribution," CEPR Discussion Papers 14002, C.E.P.R. Discussion Papers.
• Stavrakeva, Vania & Tang, Jenny, 2019. "The Dollar During the Great Recession: US Monetary Policy Signaling and The Flight To Safety," CEPR Discussion Papers 14034, C.E.P.R. Discussion Papers.
• Gambacorta, Leonardo & Brei, Michael & Borio, Claudio, 2019. "Bank intermediation activity in a low interest rate environment," CEPR Discussion Papers 13980, C.E.P.R. Discussion Papers.
• António Afonso & Frederico Silva Leal, 2019. "Fiscal episodes in the EMU: Elasticities and non-keynesian effects," Working Papers REM 2019/97, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Siddhartha Chattopadhyay & Taniya Ghosh, 2019. "Taylor rule implementation of the Optimal policy at the zero lower bound: Does the cost channel matter?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-021, Indira Gandhi Institute of Development Research, Mumbai, India.
• Ashima Goyal & Deepak Kumar Agarwal, 2019. "Policy transmission in Indian money markets: The role of liquidity," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-027, Indira Gandhi Institute of Development Research, Mumbai, India.
• Guillermo Ordoñez & Facundo Piguillem, 2019. "Retirement in the Shadow (Banking)," NBER Working Papers 26337, National Bureau of Economic Research, Inc.
• Mehmet Balcilar & George Ike & Rangan Gupta, 2019. "The Role of Economic Policy Uncertainty in Predicting Output Growth in Emerging Markets: A Mixed-Frequency Granger Causality Approach," Working Papers 201975, University of Pretoria, Department of Economics.
• Andrew Filardo & Paul Hubert & Phurichai Rungcharoenkitkul, 2019. "The reaction function channel of monetary policy and the financial cycle," SciencePo Working papers Main hal-03403260, HAL.
• Levente Kocsis & Miklos Sallay, 2018. "Credit-to-GDP gap calculation using multivariate HP filter," MNB Occasional Papers 2018/136, Magyar Nemzeti Bank (Central Bank of Hungary).
• Decker, Frank & Goodhart, C. A. E., 2018. "Credit mechanics: a precursor to the current money supply debate," LSE Research Online Documents on Economics 100017, London School of Economics and Political Science, LSE Library.
• Akcigit, Ufuk & Akgunduz, Yusuf Emre & Ozcan Tok, Elif & Cilasun, Seyit Mümin & Yilmaz, Fatih, 2019. "Facts on Business Dynamism in Turkey," CEPR Discussion Papers 13999, C.E.P.R. Discussion Papers.
• Mihály Szoboszlai & Zoltán Bögöthy & Pálma Mosberger & Dávid Berta, 2018. "Assessment of the tax and transfer changes in Hungary between 2010 and 2017 using a microsimulation model," MNB Occasional Papers 2018/135, Magyar Nemzeti Bank (Central Bank of Hungary).
• Nicholas Garvin, 2019. "Emergency Liquidity Injections," RBA Research Discussion Papers rdp2019-10, Reserve Bank of Australia.
• Enrico D'Elia & Stefania Gabriele, 2019. "Self-employed income in the OECD countries: some consequencies for functional income distribution," Working Papers 1, Department of the Treasury, Ministry of the Economy and of Finance.
• Amos C. Peters & Bertha C. Bangara, 2019. "Fiscal policy and adjustment in a foreign exchange constrained economy: Evidence from Malawi," Working Papers 778, Economic Research Southern Africa.
• Barinova Vera & Zemtsov Tsepan & Tsareva Yulia, 2019. "Government support of small and medium sized entrepreneurship in Russia," Published Papers ppaper-2019-977, Gaidar Institute for Economic Policy, revised 2019.
• Martin Baumgaertner & Jens Klose, 2019. "Cash is King - Effects of ECB's Conventional and Unconventional Measures," MAGKS Papers on Economics 201923, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Hristov, Nikolay & Roth, Markus, 2019. "Uncertainty shocks and financial crisis indicators," Discussion Papers 36/2019, Deutsche Bundesbank.
• Melitz, Jacques & Edo, Anthony, 2019. "The Primary Cause of European Inflation in 1500-1700: Precious Metals or Population? The English Evidence," CEPR Discussion Papers 14023, C.E.P.R. Discussion Papers.
• Carsten Hefeker, 2019. "Stable Money and Central Bank Independence: Implementing Monetary Institutions in Postwar Germany," MAGKS Papers on Economics 201924, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Barendra Kumar Bhoi & Abhishek Kumar & Prashant Mehul Parab, "undated". "Aggregate demand management, policy errors and optimal monetary policy in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-029, Indira Gandhi Institute of Development Research, Mumbai, India.
• Maurice Obstfeld, 2019. "Global Dimensions of US Monetary Policy," Working Paper Series WP19-16, Peterson Institute for International Economics.
• Michael D. Bordo & Pierre Siklos, 2019. "The Transformation and Performance of Emerging Market Economies Across the Great Divide of the Global Financial Crisis," NBER Working Papers 26342, National Bureau of Economic Research, Inc.
• Tsukhlo Sergey, 2019. "Russian industrial sector in 2018: slowdown of exiting from stagnation of 2012–2016 (on business surveys’ findings)," Published Papers ppaper-2019-969, Gaidar Institute for Economic Policy, revised 2019.
• Degiannakis, Stavros & Filis, George, 2019. "Forecasting European Economic Policy Uncertainty," MPRA Paper 96268, University Library of Munich, Germany.
• Bertha C. Bangara, 2019. "A New Keynesian DSGE model for low income economies with foreign exchange constraints," Working Papers 795, Economic Research Southern Africa.
• Elmi Aziri, 2019. "The impact of interest rates on economic growth in the Republic of North Macedonia," Proceedings of Economics and Finance Conferences 9511952, International Institute of Social and Economic Sciences.
• Bahri Yilmaz, 2019. "The US-China “Trade War”: The War Nobody Can Win," Koç University-TUSIAD Economic Research Forum Working Papers 1911, Koc University-TUSIAD Economic Research Forum.
• Jorge E. Galán & Matías Lamas, 2019. "Beyond the LTV ratio: new macroprudential lessons from Spain," Working Papers 1931, Banco de España.
• Lepetyuk, Vadym & Maliar, Serguei, 2019. "When the U.S. catches a cold, Canada sneezes: a lower-bound tale told by deep learning," CEPR Discussion Papers 14025, C.E.P.R. Discussion Papers.
• Daan Steenkamp, 2019. "Productivity estimates for South Africa from CES production functions," Working Papers 789, Economic Research Southern Africa.
• Döhrn, Roland, 2019. "Zur Aussagekraft der VGR der Länder - Revisionspraxis und Verbesserungsvorschläge," RWI Materialien 132, RWI - Leibniz-Institut für Wirtschaftsforschung.
• xavier Ragot, 2019. "Managing Inequality over the Business Cycles: Optimal Policies with Heterogeneous Agents and Aggregate Shocks," 2019 Meeting Papers 1090, Society for Economic Dynamics.
• Nwaobi, Godwin, 2019. "Emerging African Economies:Digital Structures, Disruptive Responses and Demographic Implications," MPRA Paper 96317, University Library of Munich, Germany.
• Adrien Auclert & Ludwig Straub & Matthew Rognlie, 2019. "Micro Jumps, Macro Humps: monetary policy and business cycles in an estimated HANK model," 2019 Meeting Papers 1449, Society for Economic Dynamics.
• Brunnermeier, Markus, 2019. "A Crash Course on the Euro Crisis," CEPR Discussion Papers 14016, C.E.P.R. Discussion Papers.
• Sebastian Di Tella & Robert Hall, 2019. "Financial Business Cycles," 2019 Meeting Papers 1101, Society for Economic Dynamics.
• Renato Faccini & Leonardo Melosi, 2019. "Pigouvian Cycles," 2019 Meeting Papers 977, Society for Economic Dynamics.
• Perotti, Enrico & Döttling, Robin, 2019. "Redistributive Growth," CEPR Discussion Papers 13984, C.E.P.R. Discussion Papers.
• Wolff, Guntram B. & Efstathiou, Konstantinos, 2019. "What drives implementation of the European Union’s policy recommendations to its member countries?," CEPR Discussion Papers 14032, C.E.P.R. Discussion Papers.
• Eduardo Levy Yeyati, 2019. "What Works for Active Labor Market Policies?," CID Working Papers 358, Center for International Development at Harvard University.
• Margaret Jacobson, 2019. "Beliefs, Aggregate Risk, and the U.S. Housing Boom," 2019 Meeting Papers 1549, Society for Economic Dynamics.
• Zoe Venter, 2019. "The Interaction Between ConventionalMonetary Policy and Financial Stability: Chile, Colombia, Japan, Portugal and the UK," Working Papers REM 2019/96, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Ian Dew-Becker & Stefano Giglio & Bryan T. Kelly, 2019. "Hedging Macroeconomic and Financial Uncertainty and Volatility," NBER Working Papers 26323, National Bureau of Economic Research, Inc.
• Sebastian Edwards, 2019. "On Latin American Populism, And Its Echoes Around the World," NBER Working Papers 26333, National Bureau of Economic Research, Inc.
• Thien Nguyen, 2019. "Public Debt and the Slope of the Term Structure," 2019 Meeting Papers 957, Society for Economic Dynamics.
• Zhongchen Song & Tom Coupe & W. Robert Reed, 2019. "The One-Child Policy and Chinese Saving Behavior," Working Papers in Economics 19/10, University of Canterbury, Department of Economics and Finance.
• Niklas Engbom, 2019. "Application Cycles," 2019 Meeting Papers 1170, Society for Economic Dynamics.
• Vallecilla Gordillo, Jaime, 2017. "Mediciones del crecimiento económico regional y local en Colombia, 1950-2017: una revisión," Borradores Departamento de Economía 17517, Universidad de Antioquia, CIE.
• Eduardo Levy Yeyati, 2019. "The Cost of Holding Foreign Exchange Reserves," CID Working Papers 353, Center for International Development at Harvard University.
• Shin-ichi Fukuda & Naoto Soma, 2019. "Inflation Target and Anchor of Inflation Forecasts in Japan," CIRJE F-Series CIRJE-F-1108, CIRJE, Faculty of Economics, University of Tokyo.
• Walker Ray, 2019. "Monetary Policy and the Limits to Arbitrage: Insights from a New Keynesian Preferred Habitat Model," 2019 Meeting Papers 692, Society for Economic Dynamics.
• Nicolò Fraccaroli, 2019. "Supervisory Governance, Capture and Non-Performing Loans," CEIS Research Paper 471, Tor Vergata University, CEIS, revised 08 Oct 2019.
• Thomas Cook, 2019. "Macroeconomic Indicator Forecasting with Deep Neural Networks," 2019 Meeting Papers 402, Society for Economic Dynamics.
• Jin, Keyu, 2019. "Misallocation Under Trade Liberalization," CEPR Discussion Papers 13976, C.E.P.R. Discussion Papers.
• Ekaterina Semerikova & Egor Krivosheya & Alexander Dobrynin, 2019. "Perception of Acceptance Barriers and Cashless Payments Value: Evidence from Russian Merchants," Proceedings of Economics and Finance Conferences 9511956, International Institute of Social and Economic Sciences.
• Peter Zorn, 2019. "Investment under Rational Inattention: Evidence from US Sectoral Data," 2019 Meeting Papers 577, Society for Economic Dynamics.
• Karabarbounis, Loukas & Boerma, Job, 2019. "Labor Market Trends and the Changing Value of Time," CEPR Discussion Papers 13995, C.E.P.R. Discussion Papers.
• Patrick Feve, 2019. "Shadow Banking and the Great Recession," 2019 Meeting Papers 199, Society for Economic Dynamics.
• Degiannakis, Stavros & Filis, George & Panagiotakopoulou, Sofia, 2018. "Oil Price Shocks and Uncertainty: How stable is their relationship over time?," MPRA Paper 96271, University Library of Munich, Germany.
• Egor Krivosheya & Polina Belyakova, 2019. "Financial innovations role in consumer behavior at Russian retail payments market," Proceedings of Economics and Finance Conferences 9511955, International Institute of Social and Economic Sciences.
• Gonzalo Huertas, 2019. "Hyperinflation in Venezuela: A Stabilization Handbook," Policy Briefs PB19-13, Peterson Institute for International Economics.
• Santiago Barraza & Andrea Civelli, 2019. "Economic Policy Uncertainty and the Supply of Business Loans," Working Papers 134, Universidad de San Andres, Departamento de Economia, revised Oct 2019.
• Izryadnova Olga, 2018. "The dynamics and pattern of Russia’s economic growth in 2018," Published Papers ppaper-2019-971, Gaidar Institute for Economic Policy, revised 2018.
• Jing Cynthia Wu & Ji Zhang, 2019. "Global Effective Lower Bound and Unconventional Monetary Policy," 2019 Meeting Papers 47, Society for Economic Dynamics.
• Ivan Jaccard, 2019. "Structural Asymmetries and Financial Imbalances," 2019 Meeting Papers 988, Society for Economic Dynamics.
• Cooper Howes, 2019. "Financial Constraints, Sectoral Heterogeneity, and the Cyclicality of Investment," 2019 Meeting Papers 1581, Society for Economic Dynamics.
• Francisco Buera & Juan Pablo Nicolini, 2019. "Accounting for the Slow Recovery from the Great Recession: The Role of Credit Constraints," 2019 Meeting Papers 492, Society for Economic Dynamics.
• Zhengyang Jiang, 2019. "US Fiscal Cycle and the Dollar," 2019 Meeting Papers 667, Society for Economic Dynamics.
• Louphou Coulibaly, 2019. "Monetary Policy in Sudden Stop-prone Economies," 2019 Meeting Papers 529, Society for Economic Dynamics.
• Flavien Moreau & Ludovic Panon, 2019. "Macroeconomic Effects of Market Structure Distortions," 2019 Meeting Papers 579, Society for Economic Dynamics.