Report NEP-MAC-2019-11-25

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:

• Josh Davis & Alan M. Taylor, 2019, "The Leverage Factor: Credit Cycles and Asset Returns," NBER Working Papers, National Bureau of Economic Research, Inc, number 26435, Nov.
• Andrew Phiri, 2019, "Is Neo-Fisherian ‘alive’ in South Africa? A frequency domain causality approach," Working Papers, Department of Economics, Nelson Mandela University, number 1911, Nov, revised Nov 2019.
• Patrick Fève & Pablo Garcia Sanchez & Alban Moura & Olivier Pierrard, 2019, "Costly Default And Asymmetric Real Business Cycles," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2019018, Nov.
• Fève, Patrick & Garcia Sanchez, Pablo & Moura, Alban & Pierrard, Olivier, 2019, "Costly default and asymetric real business cycles," TSE Working Papers, Toulouse School of Economics (TSE), number 19-1048, Nov.
• Pincheira, Pablo & Hardy, Nicolás, 2019, "Forecasting Aluminum Prices with Commodity Currencies," MPRA Paper, University Library of Munich, Germany, number 97005, Nov.
• Kohlbrecher, Britta, 2019, "The (ir)relevance of real wage rigidity for optimal monetary policy," FAU Discussion Papers in Economics, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics, number 07/2019.
• Laurence M. Ball & Sandeep Mazumder, 2019, "A Phillips Curve for the Euro Area," NBER Working Papers, National Bureau of Economic Research, Inc, number 26450, Nov.
• Alloza, Mario & Gonzalo, Jesús & Sanz, Carlos, 2019, "Dynamic Effects of Persistent Shocks," UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía, number 29187, Nov.
• Elva Bova & Violeta Klyviene, 2019, "Macroeconomic Responses to Fiscal Shocks in Portugal," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 096, May.
• Valentina Aprigliano & Danilo Liberati, 2019, "Using credit variables to date business cycle and to estimate the probabilities of recession in real time," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1229, Jul.
• Stephen S. Poloz, 2019, "Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution," Discussion Papers, Bank of Canada, number 2019-11, Nov, DOI: 10.34989/sdp-2019-11.
• Luca Fornaro, 2019, "A Theory of monetary union and financial integration," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1677, Dec, revised Apr 2021.
• Zhengyang Chen, 2019, "The Long-term Rate and Interest Rate Volatility in Monetary Policy Transmission," 2019 Papers, Job Market Papers, number pch1858, Oct.
• Daniel J. Lewis & Davide Melcangi & Laura Pilossoph, 2019, "Latent Heterogeneity in the Marginal Propensity to Consume," Staff Reports, Federal Reserve Bank of New York, number 902, Nov.
• Myroslav Pidkuyko, 2019, "Heterogeneous spillovers of housing credit policy," Working Papers, Banco de España, number 1940, Nov.
• Item repec:hal:cepnwp:hal-02360456 is not listed on IDEAS anymore

• José De Gregorio, 2019, "Inflation Targets in Latin America," Working Paper Series, Peterson Institute for International Economics, number WP19-19, Nov.
• Haraldsen, Kristine Wika & Ragnar, Nymoen & Sparrman, Victoria, 2019, "Labour market institutions, shocks and the employment rate," Memorandum, Oslo University, Department of Economics, number 6/2019, May.
• Kim, Minseong, 2019, "Symmetry condition and re-assessing Blanchard-Kiyotaki decades later," MPRA Paper, University Library of Munich, Germany, number 96945, Oct, revised 11 Nov 2019.
• Tweneboah Senzu, Emmanuel, 2019, "Creating an effective transparent banking and financial system in Ghana to promote foreign direct investment for the private sector," MPRA Paper, University Library of Munich, Germany, number 96910, Nov.
• Saroj Bhattarai & Arpita Chatterjee & Woong Yong Park, 2019, "Global Spillover Effects of US Uncertainty," Working Paper Series, Institute of Economic Research, Seoul National University, number no107, Jan.
• Liu, Chunping & Ou, Zhirong, 2019, "Has fiscal expansion inflated house prices in China? Evidence from an estimated DSGE model," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2019/18, Nov.
• Gilles Mourre & Aurélien Poissonnier & Martin Lausegger, 2019, "The Semi-Elasticities Underlying the Cyclically-Adjusted Budget Balance: An Update and Further Analysis," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 098, May.
• Guillaume Cléaud & Francisco de Castro Fernández & Jorge Durán Laguna & Lucia Granelli & Martin Hallet & Anne Jaubertie & Carlos Maravall Rodriguez & Diana Ognyanova & Balazs Palvolgyi & Tsvetan Tsali, 2019, "Cruising at Different Speeds: Similarities and Divergences between the German and the French Economies," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 103, Jul.
• Ghosh, Saurabh & Gopalakrishnan, Pawan & Satija, Sakshi, 2019, "Recapitalization in an Economy with State-Owned Banks - A DSGE Framework," MPRA Paper, University Library of Munich, Germany, number 96981, Nov.
• Andrea De Polis & Mario Pietrunti, 2019, "Exchange rate dynamics and unconventional monetary policies: it�s all in the shadows," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1231, Jul.
• Tobias Adrian & Nina Boyarchenko & Domenico Giannone, 2019, "Multimodality in Macro-Financial Dynamics," Staff Reports, Federal Reserve Bank of New York, number 903, Nov.
• Item repec:imf:imfwpa:19/229 is not listed on IDEAS anymore

• Mark Bils & Yongsung Chang & Sun-Bin Kim, 2019, "How Sticky Wages In Existing Jobs Can Affect Hiring," Working Paper Series, Institute of Economic Research, Seoul National University, number no118, Feb.
• Israel, Karl-Friedrich & Latsos, Sophia, 2019, "The impact of (un)conventional expansionary monetary policy on income inequality - Lessons from Japan," Working Papers, University of Leipzig, Faculty of Economics and Management Science, number 163.
• Miguel Ampudia & Skander J. van den Heuvel, 2019, "Monetary Policy and Bank Equity Values in a Time of Low and Negative Interest Rates," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-064, Aug, DOI: 10.17016/FEDS.2019.064.
• Horioka, Charles Yuji & Niimi, Yoko, 2019, "Household Debt and Aging in Japan," AGI Working Paper Series, Asian Growth Research Institute, number 2019-12, Nov.
• Item repec:imf:imfscr:19/338 is not listed on IDEAS anymore

• Paul Gaggl & Rowena Gray & Ioana Marinescu & Miguel Morin, 2019, "Does Electricity Drive Structural Transformation? Evidence from the United States," CESifo Working Paper Series, CESifo, number 7930.
• Tyler Pike & Horacio Sapriza & Tom Zimmermann, 2019, "Bottom-up Leading Macroeconomic Indicators: An Application to Non-Financial Corporate Defaults using Machine Learning," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-070, Sep, DOI: 10.17016/FEDS.2019.070.
• David Reifschneider & David Wilcox, 2019, "Average Inflation Targeting Would Be a Weak Tool for the Fed to Deal with Recession and Chronic Low Inflation," Policy Briefs, Peterson Institute for International Economics, number PB19-16, Nov.
• Item repec:imf:imfscr:19/340 is not listed on IDEAS anymore

• Jeonghun Choi, , "Estimation and Evaluation of Monetary Policy in Korea Before and After the Global Financial Crisis," Working Paper Series, Institute of Economic Research, Seoul National University, number no94.
• Bert Loudis & Ben Ranish, 2019, "CECL and the Credit Cycle," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-061, Aug, DOI: 10.17016/FEDS.2019.061.
• Melo-Velandia, Luis Fernando & Parra-Amado, Daniel & Abril-Salcedo, Davinson Stev, 2019, "Nonlinear relationship between the weather phenomenon El Niño and Colombian food prices," Working papers, Red Investigadores de Economía, number 23, Nov.
• Alice Albonico & Ludovic Calés & Roberta Cardani & Olga Croitorov & Fabio Di Dio & Filippo Ferroni & Massimo Giovannini & Stefan Hohberger & Beatrice Pataracchia & Filippo Pericoli & Philipp Pfeiffer , 2019, "The Global Multi-Country Model (GM): An Estimated DSGE Model for Euro Area Countries," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 102, Jul.
• Maximiliano Dvorkin & Alexander Monge-Naranjo, 2019, "Occupation Mobility, Human Capital and the Aggregate Consequences of Task-Biased Innovations," Working Papers, Human Capital and Economic Opportunity Working Group, number 2019-064, Nov.
• Chavleishvili, Sulkhan & Manganelli, Simone, 2019, "Forecasting and stress testing with quantile vector autoregression," Working Paper Series, European Central Bank, number 2330, Nov.
• Jean-Bernard Chatelain & Kirsten Ralf, 2019, "Ramsey Optimal Policy in the New-Keynesian Model with Public Debt," Working Papers, HAL, number halshs-02278781, Sep.
• Ojo, Marianne, 2019, "The future of UK Carbon pricing: Artificial Intelligence and the Emissions Trading System," MPRA Paper, University Library of Munich, Germany, number 94887, Jul.
• Claude Bismut & Ismael Ramajo, 2019, "Nominal and real interest rates in OECD countries," CEE-M Working Papers, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro, number hal-02355139.
• Silvia Albrizio & Sangyup Choi & Davide Furceri & Chansik Yoon, 2019, "International bank lending channel of monetary policy," Working Papers, Banco de España, number 1938, Nov.
• Gábor Márk Pellényi, 2019, "Regional Spillovers in the Hungarian Housing Market: Evidence from a Spatio-Temporal Model," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 095, Apr.
• Cassola, Nuno & Kok, Christoffer & Mongelli, Francesco Paolo, 2019, "The ECB after the crisis: existing synergies among monetary policy, macroprudential policies and banking supervision," Occasional Paper Series, European Central Bank, number 237, Nov.
• Mundle, Sudipto & Sikdar, Satadru, 2019, "Subsidies, Merit Goods and the Fiscal Space for Reviving Growth: An Aspect of Public Expenditure in India," Working Papers, National Institute of Public Finance and Policy, number 19/282, Nov.
• Joaquin Garcia-Cabo & Rocio Madera, 2019, "The Self-Employment Option in Rigid Labor Markets: An Empirical Investigation," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1264, Nov, DOI: 10.17016/IFDP.2019.1264.
• Jean-Bernard Chatelain & Kirsten Ralf, 2020, "Ramsey Optimal Policy versus Multiple Equilibria with Fiscal and Monetary Interactions," Working Papers, HAL, number halshs-02278791, Feb.
• Mirela Miescu & Haroon Mumtaz, 2019, "Proxy structural vector autoregressions, informational sufficiency and the role of monetary policy," Working Papers, Lancaster University Management School, Economics Department, number 280730188.
• Carlson, Benny & Jonung, Lars, 2019, ""Too Bad to Be True". Swedish Economists on Keynes's 'The Economic Consequences of the Peace, 1919-1929'," Working Papers, Lund University, Department of Economics, number 2019:16, Nov.
• Martin Bruns, 2019, "Proxy VAR models in a data-rich environment," University of East Anglia School of Economics Working Paper Series, School of Economics, University of East Anglia, Norwich, UK., number 2019-03, Aug.
• Romain Baeriswyl & Kene Boun My & Camille Cornand, 2019, "Double overreaction in beauty-contests with information acquisition: theory and experiment," Working Papers, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon, number 1932.
• Bo Hyun Chang & Yongsung Chang & Sun-Bin Kim, 2019, "Equilibrium Redistribution under Ex-ante Heterogeneity and Income-Dependent Voting," Working Paper Series, Institute of Economic Research, Seoul National University, number no125, Oct.
• José De Gregorio, , "Inflation Targets in Latin America," Working Papers, University of Chile, Department of Economics, number wp490.
• Robert J. Barro & Gordon Y. Liao, 2019, "Tractable Rare Disaster Probability and Options-Pricing," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-073, Sep, DOI: 10.17016/FEDS.2019.073.
• Haaparanta, Pertti, , "Real and Relative Wage Rigidities," WIDER Working Papers, United Nations University, World Institute for Development Economic Research (UNU-WIDER), number 295602, DOI: 10.22004/ag.econ.295602.
• Item repec:imf:imfwpa:19/246 is not listed on IDEAS anymore

• Karlye Dilts Stedman, 2019, "Unconventional Monetary Policy, (A)Synchronicity and the Yield Curve," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 19-9, Oct, DOI: 10.18651/RWP2019-09.
• Pham, Ngoc-Sang & Le Van, Cuong & Bosi, Stefano, 2019, "Real indeterminacy and dynamics of asset price bubbles in general equilibrium," MPRA Paper, University Library of Munich, Germany, number 96834, Nov.
• Scott M. R. Mahadeo & Reinhold Heinlein & Gabriella Deborah Legrenzi, 2019, "Tracing the Genesis of Contagion in the Oil-Finance Nexus," CESifo Working Paper Series, CESifo, number 7925.
• Xuan Wang, 2019, "When Do Currency Unions Benefit From Default ?," 2019 Papers, Job Market Papers, number pwa938, Nov.
• Item repec:imf:imfwpa:19/242 is not listed on IDEAS anymore

• Jane Mpapalika & Christopher Malikane, 2019, "The determinants of sovereign risk premium in African countries," 2019 Papers, Job Market Papers, number pmp2, Sep.
• Antanina Garanasvili, 2019, "Global Recession Impact on the Market Value of Intangible Assets," 2019 Papers, Job Market Papers, number pga1043, Nov.
• Richard H. Clarida, 2019, "The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices : a speech at “A Hot Economy: Sustainability and Trade-Offs,” a Fed Listens event sponsored by the Federal Reserve Bank of San Francisco, San Francisco, ," Speech, Board of Governors of the Federal Reserve System (U.S.), number 1085, Sep.
• Nicolas End & Marina Marinkov & Fedor Miryugin, 2019, "Instruments of Debtstruction: Public Debt Management and Networks during the Interwar Period," AMSE Working Papers, Aix-Marseille School of Economics, France, number 1933, Nov.
• Camila Figueroa & Jorge Fornero & Pablo García, 2019, "Hindsight vs. Real time measurement of the output gap: Implications for the Phillips curve in the Chilean Case," Working Papers Central Bank of Chile, Central Bank of Chile, number 854, Oct.
• Mike Zabek, 2019, "Local Ties in Spatial Equilibrium," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-080, Nov, DOI: 10.17016/FEDS.2019.080.
• Yena Park & Yongsung Chang, 2018, "Optimal Taxation with Private Insurance," Working Paper Series, Institute of Economic Research, Seoul National University, number no117, Nov.
• Marglin, Stephen & Bhaduri, Amit, , "Profit Squeeze and Keynesian Theory," WIDER Working Papers, United Nations University, World Institute for Development Economic Research (UNU-WIDER), number 295568, DOI: 10.22004/ag.econ.295568.
• Item repec:spo:wpmain:info:hdl:2441/7l0egk28da896r4j7p27kqovcl is not listed on IDEAS anymore

• Antoine Mandel & Vipin P Veetil, 2019, "Monetary Dynamics in a Network Economy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL, number halshs-02354576, Oct.
• Salih, Siddig A. & Branson, William H. & Ebraheem, Yusuf H. Al, , "Oil Driven Macroeconometric Model of Kuwait," WIDER Working Papers, United Nations University, World Institute for Development Economic Research (UNU-WIDER), number 295624, DOI: 10.22004/ag.econ.295624.
• Normann Rion, 2019, "Waiting for the Prince Charming: Fixed-Term Contracts as Stopgaps," PSE Working Papers, HAL, number halshs-02331887, Oct.
• Item repec:imf:imfwpa:19/233 is not listed on IDEAS anymore

• Trust R. Mpofu & Eftychia Nikolaidou, 2019, "Macroeconomic and bank-specific determinants of non-performing loans in sub-Saharan Africa," School of Economics Macroeconomic Discussion Paper Series, School of Economics, University of Cape Town, number 2019-02.
• Fanelli, Jose Maria & Frenkel, Roberto & Winograd, Carlos, , "Country Study 12," WIDER Working Papers, United Nations University, World Institute for Development Economic Research (UNU-WIDER), number 295378, DOI: 10.22004/ag.econ.295378.
• Martijn Dröes & Hans R.A. Koster, 2019, "A World Divided: Refugee Centers, House Prices, and Household Preferences," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 19-075/VIII, Nov.
• Steven Engels & Monika Sherwood, 2019, "What if We All Worked Gigs in the Cloud? The Economic Relevance of Digital Labour Platforms," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 099, Jun.
• Niko Hauzenberger & Michael Pfarrhofer, 2019, "Bayesian state-space modeling for analyzing heterogeneous network effects of US monetary policy," Papers, arXiv.org, number 1911.06206, Nov, revised Sep 2020.
• Item repec:imf:imfscr:19/336 is not listed on IDEAS anymore

• Kenichi Ueda & Somnath Sharma, 2019, "Listing Advantages Around the World," NBER Working Papers, National Bureau of Economic Research, Inc, number 26446, Nov.
• Bruno Pellegrino, 2019, "Product Differentiation, Oligopoly, and Resource Allocation," 2019 Papers, Job Market Papers, number ppe860, Nov.
• Item repec:imf:imfwpa:19/240 is not listed on IDEAS anymore

• Michelle W. Bowman, 2019, "Opening Remarks : a speech at \"Monetary Policy’s Impact on Workers and Their Communities,\" a Fed Listens event, sponsored by the Federal Reserve Bank of Chicago, Chicago, Illinois, October 17, 2019," Speech, Board of Governors of the Federal Reserve System (U.S.), number 1096, Oct.
• Michael Anderson & Yonatan Ben-Shalom & David Stapleton & Emily Roessel, , "The Impact of the Great Recession on SSDI Awards: A Birth-Cohort Analysis," Mathematica Policy Research Reports, Mathematica Policy Research, number 83cb127d5a104e99b753ce01c.
• Daniel Roash & Tanya Suhoy, 2019, "Sentiment Indicators Based on a Short Business Tendency Survey," Bank of Israel Working Papers, Bank of Israel, number 2019.11, Sep.
• Jerome H. Powell, 2019, "Challenges for Monetary Policy : a speech at the \"Challenges for Monetary Policy\" symposium, sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 23, 2019," Speech, Board of Governors of the Federal Reserve System (U.S.), number 1082, Aug.
• Yongsung Chang & Sun-Bin Kim & Kyooho Kwon & Richard Rogerson, 2019, "Cross-Sectional and Aggregate Labor Supply," Working Paper Series, Institute of Economic Research, Seoul National University, number no119, Feb.
• Yannick LUNG & Léo MALHERBE & Matthieu MONTALBAN, 2019, "Between territorial and virtual proximities. The digitization process of the French ecosystem of complementary local currencies," Cahiers du GREThA (2007-2019), Groupe de Recherche en Economie Théorique et Appliquée (GREThA), number 2019-14.
• Randal K. Quarles, 2019, "Law and Macroeconomics: The Global Evolution of Macroprudential Regulation : a speech at the “Law and Macroeconomics,” a conference at Georgetown University Law Center, Washington, D.C., September 27, 2019," Speech, Board of Governors of the Federal Reserve System (U.S.), number 1087, Sep.
• Anneleen Vandeplas & Anna Thum-Thysen, 2019, "Skills Mismatch and Productivity in the EU," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 100, Jul.
• Alessandro Dovis & Rishabh Kirpalani, 2019, "Rules without Commitment: Reputation and Incentives," NBER Working Papers, National Bureau of Economic Research, Inc, number 26451, Nov.
• Stephanie Aaronson & Mary C. Daly & William L. Wascher & David W. Wilcox, 2019, "Okun Revisited: Who Benefits Most from a Strong Economy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-072, Sep, DOI: 10.17016/FEDS.2019.072.
• Hüther, Michael & Kolev, Galina V., 2019, "Investitionsfonds für Deutschland: Gesamtwirtschaftliche Effekte," IW policy papers, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 11/2019.
• Item repec:imf:imfwpa:19/237 is not listed on IDEAS anymore

• Carlos Ramírez, 2019, "Regulating Financial Networks Under Uncertainty," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-056, Aug, DOI: 10.17016/FEDS.2019.056.
• Epper, Thomas & Fehr, Ernst & Fehr-Duda, Helga & Thustrup Kreiner, Claus & Dreyer Lassen, David & Leth-Petersen, Søren & Nytoft Rasmussen, Gregers, 2019, "Time Discounting and Wealth Inequality," Economics Working Paper Series, University of St. Gallen, School of Economics and Political Science, number 1916, Nov.
• Aditya Aladangady & Shifrah Aron-Dine & Wendy E. Dunn & Laura Feiveson & Paul Lengermann & Claudia R. Sahm, 2019, "From Transactions Data to Economic Statistics: Constructing Real-time, High-frequency, Geographic Measures of Consumer Spending," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2019-057, Aug, DOI: 10.17016/FEDS.2019.057.
• Prasad, Alaka Shree & Mandal, Biswajit, 2019, "Virtual trade between different time zones, educational capital and corrupt informal sector," MPRA Paper, University Library of Munich, Germany, number 96963.
• Yossi Yakhin, 2019, "Breaking the UIP: A Model-Equivalence Result," Bank of Israel Working Papers, Bank of Israel, number 2019.15, Nov, revised Mar 2020.

Report NEP-MAC-2019-11-25

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: