Report NEP-MAC-2019-12-02

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:

• Haroon Mumtaz & Angeliki Theophilopoulou, 2019, "Monetary Policy and Wealth Inequality over the Great Recession in the UK An Empirical Analysis," Working Papers, Queen Mary University of London, School of Economics and Finance, number 898, Oct.
• João Tovar Jalles, 2019, "Monetary Aggregates and Macroeconomic Performance: the Portuguese Escudo, 1911-1999," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2019/0102, Nov.
• Makoto Nakajima & José-Víctor Ríos-Rull, 2019, "Credit, Bankruptcy, and Aggregate Fluctuations," Working Papers, Federal Reserve Bank of Philadelphia, number 19-48, Nov, DOI: 10.21799/frbp.wp.2019.48.
• Tarek A. Hassan & Stephan Hollander & Laurence van Lent & Ahmed Tahoun, 2019, "Firm-Level Political Risk: Measurement and Effects," Working Papers Series, Institute for New Economic Thinking, number 96, Jun, DOI: 10.2139/ssrn.3419283.
• Francesco Corsello & Stefano Neri & Alex Tagliabracci, 2019, "Anchored or de-anchored? That is the question," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 516, Oct.
• Edward Kane, 2018, "Double Whammy: Implicit Subsidies and the Great Financial Crisis," Working Papers Series, Institute for New Economic Thinking, number 81, Sep, DOI: 10.2139/ssrn.3258225.
• Antonio M. Conti & Andrea Nobili, 2019, "Wages and prices in the euro area: exploring the nexus," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 518, Oct.
• Akosah, Nana & Alagidede, Paul & Schaling, Eric, 2019, "Monetary Policy Transparency in Ghana: Recent Evidence," MPRA Paper, University Library of Munich, Germany, number 96998, Sep.
• Daniele Girardi & Walter Paternesi Meloni & Antonella Stirati, 2018, "Persistent Effects of Autonomous Demand Expansions," Working Papers Series, Institute for New Economic Thinking, number 70, Feb, DOI: 10.2139/ssrn.3125213.
• Tomiyuki Kitamura & Masaki Tanaka, 2019, "Firms' Inflation Expectations under Rational Inattention and Sticky Information: An Analysis with a Small-Scale Macroeconomic Model," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-16, Nov.
• Claudia Fontanari, & Antonella Palumbo & Chiara Salvatori, 2019, "Potential Output in Theory and Practice: A Revision and Update of Okun`s Original Method," Working Papers Series, Institute for New Economic Thinking, number 93, Mar, DOI: 10.2139/ssrn.3419280.
• Enrico S. Levrero, 2019, "Estimates of the Natural Rate of Interest and the Stance of Monetary Policies: A Critical Assessment," Working Papers Series, Institute for New Economic Thinking, number 88, Jan, DOI: 10.2139/ssrn.3346756.
• Servaas Storm, 2019, "Lost in deflation: Why Italy`s woes are a warning to the whole Eurozone," Working Papers Series, Institute for New Economic Thinking, number 94, Apr, DOI: 10.2139/ssrn.3419284.
• Johannes Bubeck & Angela Maddaloni & José-Luis Peydró, 2019, "Negative Monetary Policy Rates and Systemic Banks' Risk-Taking: Evidence from the Euro Area Securities Register," Working Papers, Barcelona School of Economics, number 1128, Nov.
• Stefano Neri & Tiziano Ropele, 2019, "Disinflationary shocks and inflation target uncertainty," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1230, Jul.
• Şen, Hüseyin & Kaya, Ayşe, 2019, "Output-volatility reducing effect of automatic stabilizers: Evidence from nine EMU member states," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 206687.
• Ernesto Pasten & Raphael Schoenle & Michael Weber, 2019, "The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy," Working Papers, Federal Reserve Bank of Cleveland, number 19-25R, Nov, revised 15 Jan 2020, DOI: 10.26509/frbc-wp-201925r.
• Johannes Bubeck & Angela Maddaloni & José-Luis Peydró, 2019, "Negative monetary policy rates and systemic banks’ risk-taking: Evidence from the Euro area securities register," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1678, Mar, revised Mar 2020.
• Ivan Khotulev & Konstantin Styrin, 2019, "Optimal monetary and macroprudential policies for financial stability in a commodity-exporting economy," Bank of Russia Working Paper Series, Bank of Russia, number wps52, Nov.
• Katsuhiro Oshima, 2019, "Heterogeneous Beliefs, Monetary Policy, and Stock Price Volatility," KIER Working Papers, Kyoto University, Institute of Economic Research, number 1013, Nov.
• Salzmann, Leonard, 2019, "The Impact of Uncertainty and Financial Shocks in Recessions and Booms," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 206691.
• Guerino Ardizzi & Simone Emiliozzi & Juri Marcucci & Libero Monteforte, 2019, "News and consumer card payments," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1233, Oct.
• João Tovar Jalles, 2019, "Wagner and the Fading Voracity Effect: Short vs. Long-Run Effects in Developing Countries," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2019/0101, Nov.
• Saumik Paul, 2019, "A Skeptical Note on the Role of Constant Elasticity of Substitution in Labor Income Share Dynamics," ADBI Working Papers, Asian Development Bank Institute, number 944, Apr.
• Christian Breuer, 2019, "State Expansionary Austerity and Reverse Causality: A Critique of the Conventional Approach," Working Papers Series, Institute for New Economic Thinking, number 98, Jun, DOI: 10.2139/ssrn.3419588.
• Christopher Ball & Andreas Freytag & Miriam Kautz, 2019, "Populism - What next? A first look at populist walking-stick economies," Jena Economics Research Papers, Friedrich-Schiller-University Jena, number 2019-009, Nov.
• Farshid Abdi & Botao Wu, 2018, "Informed Corporate Credit Market Before Monetary Policy Surprises: Explaining Pre-FOMC Stock Market Movements," Working Papers on Finance, University of St. Gallen, School of Finance, number 1828, Aug.
• Hintermaier, Thomas & Koeniger, Winfried, 2019, "Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12743, Nov.
• Charles Yuji Horioka & Yoko Niimi, 2019, "Household Debt and Aging in Japan," Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University, number DP2019-23, Nov.
• Katsuhiro Oshima, 2019, "Subjective Beliefs, Monetary Policy, and Stock Price Volatility," KIER Working Papers, Kyoto University, Institute of Economic Research, number 1012, Nov.
• Shayan Zakipour-Saber, 2019, "Monetary policy regimes and inflation persistence in the United Kingdom," Working Papers, Queen Mary University of London, School of Economics and Finance, number 895, Oct.
• Georgescu, George, 2018, "Romania's foreign debt crisis in the 1980s. Determinants and consequences," Working Papers of National Institute for Economic Research, Institutul National de Cercetari Economice (INCE), number 181010, Oct.
• Lance Taylor & Ozlem Omer, 2018, "Race to the Bottom: Low Productivity, Market Power, and Lagging Wages," Working Papers Series, Institute for New Economic Thinking, number 80, Aug, DOI: 10.2139/ssrn.3258219.
• Angela Capolongo & Claudia Pacella, 2019, "Forecasting inflation in the euro area: countries matter!," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1224, Jun.
• David Elliott & Ralf R. Meisenzahl & José-Luis Peydró & Bryce C. Turner, 2019, "Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s," Working Papers, Barcelona School of Economics, number 1129, Nov.
• Roberta Cardani & Alessia Paccagnini & Stefania Villa, 2019, "Forecasting with instabilities: an application to DSGE models with financial frictions," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1234, Oct.
• Viral V. Acharya & Guillaume Plantin, 2019, "Monetary Easing, Leveraged Payouts and Lack of Investment," NBER Working Papers, National Bureau of Economic Research, Inc, number 26471, Nov.
• Haruhiko Inatsugu & Tomiyuki Kitamura & Taichi Matsuda, 2019, "The Formation of Firms' Inflation Expectations: A Survey Data Analysis," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-15, Nov.
• Corinna Ghirelli & Javier J. Pérez & Alberto Urtasun, 2019, "A new economic policy uncertainty index for Spain," Working Papers, Banco de España, number 1906, Mar.
• Mauersberger, Felix & Nagel, Rosemarie & Bühren, Christoph, 2019, "Bounded rationality in Keynesian beauty contests: A lesson for central bankers?," Economics Discussion Papers, Kiel Institute for the World Economy, number 2019-53.
• Francesco Spadafora, 2019, "European integration in the time of mistrust," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 512, Oct.
• Hernando Matallana, 2019, "Monetary Circuit, Capitalist Reproduction and Financial Accounting," Documentos de Trabajo, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 17616, Nov.
• Etienne Vaccaro-Grange, 2019, "Quantitative Easing and the Term Premium as a Monetary Policy Instrument," Working Papers, HAL, number halshs-02359503, Nov.
• O D Delaney, Marianne, 2019, "Parliamentary sovereignty and democratic accountability: matters of prerogative powers and legal reasoning," MPRA Paper, University Library of Munich, Germany, number 96233, Sep.
• Emin M. Dinlersoz & Henry Hyatt & Ṣebnem Kalemli-Özcan & Veronika Penciakova, 2019, "Leverage over the Firm Life Cycle, Firm Growth, and Aggregate Fluctuations," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2019-18, Nov, DOI: 10.29338/wp2019-18.
• Haruna, Issahaku, 2019, "Harnessing international remittances for financial development: The role of monetary policy," MPRA Paper, University Library of Munich, Germany, number 97004, Mar, revised 30 Jul 2019.
• Gani Ramadani & Predrag Pandiloski, 2019, "Disinflationary Spillovers from the Euro Area into the Countries of Southeastern Europe," Working Papers, National Bank of the Republic of North Macedonia, number 2019-02.
• Alexander Bechtel & Angelo Ranaldo & Jan Wrampelmeyer, 2019, "Liquidity Risk and Funding Cost," Working Papers on Finance, University of St. Gallen, School of Finance, number 1903, May, revised Aug 2020.
• Laurynas Narusevicius & Tomas Ramanauskas & Laura Gudauskaitė & Tomas Reichenbachas, 2019, "Lithuanian house price index: modelling and forecasting," Bank of Lithuania Occasional Paper Series, Bank of Lithuania, number 28, Nov.
• Fabio Busetti & Michele Caivano & Davide Delle Monache, 2019, "Domestic and global determinants of inflation: evidence from expectile regression," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1225, Jun.
• Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Alvin Chiu, 2019, "Internal and External Determinants of Housing Price Booms in Hong Kong, China," ADBI Working Papers, Asian Development Bank Institute, number 948, May.
• Benedikt Ballensiefen & Angelo Ranaldo, 2019, "Safe Asset Carry Trade," Working Papers on Finance, University of St. Gallen, School of Finance, number 1909, Jul, revised Oct 2019.
• Mehmet Balcilar & Edmond Berisha & Oguzhan Cepni & Rangan Gupta, 2019, "The Predictive Power of the Term Spread on Inequality in the United Kingdom: An Empirical Analysis," Working Papers, University of Pretoria, Department of Economics, number 201981, Nov.
• Eizo Kawai, 2019, "Toward Rebuilding of Modern Macroeconomic Theory: Market Failure in a Macro Economy and Keynes's Unemployment Equilibrium," Working Papers, Tokyo Center for Economic Research, number e138, Oct.
• Nyoni, Thabani, 2019, "An ARIMA analysis of the Indian Rupee/USD exchange rate in India," MPRA Paper, University Library of Munich, Germany, number 96908, Nov.
• Emily Liu & Friederike Niepmann & Tim Schmidt-Eisenlohr, 2019, "The Effect of U.S. Stress Tests on Monetary Policy Spillovers to Emerging Markets," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1265, Nov, DOI: 10.17016/IFDP.2019.1265.
• Fabio Busetti & Cristina Giorgiantonio & Giorgio Ivaldi & Sauro Mocetti & Alessandro Notarpietro & Pietro Tommasino, 2019, "Capital and public investment in Italy: macroeconomic effects, measurement and regulatory weaknesses," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 520, Oct.
• Roberta Fiori & Claudia Pacella, 2019, "Should the CCYB be enhanced with a sectoral dimension? The case of Italy," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 499, Jun.
• Paul Hubert & Fabien Labondance, 2019, "Central bank tone and the dispersion of views within monetary policy committees," Working Papers, CRESE, number 2019-08, Nov.
• Mandal, Biswajit & Prasad, Alaka Shree, 2018, "A simple model of time zone differences, virtual trade and informality," MPRA Paper, University Library of Munich, Germany, number 96953.
• Massimiliano Affinito, 2019, "What do almost 20 years of micro data and two crises say about the relationship between central bank and interbank market liquidity? Evidence from Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1238, Oct.
• Xiaohong Chen & Paul Wohlfarth, 2019, "Drivers of bank loan growth in China: government or market?," BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics, number 1909, Nov.
• Clostermann, Jörg & Seitz, Franz, 2019, "Immobilienkredite in Deutschland und der Schweiz: Die Rolle von Zinsen und Zinsbindung," Weidener Diskussionspapiere, University of Applied Sciences Amberg-Weiden (OTH), number 71.
• Luca Metelli & Filippo Natoli, 2019, "The international transmission of US tax shocks: a proxy-SVAR approach," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1223, Jun.
• Silvia Magri & Valentina Michelangeli & Sabrina Pastorelli & Raffaella Pico, 2019, "The expansion of consumer credit in Italy and in the Euro Area: what are the drivers and the risks?," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 500, Jun.
• Chunzan Wu & Dirk Krueger, 2019, "Consumption Insurance Against Wage Risk: Family Labor Supply and Optimal Progressive Income Taxation," NBER Working Papers, National Bureau of Economic Research, Inc, number 26466, Nov.
• Andrew Binning & Hilde C. Bjørnland & Junior Maih, 2019, "Is Monetary Policy Always Effective? Incomplete Interest Rate Pass-through in a DSGE Model," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 09/2019, Nov.
• Mirela S. Miescu & Haroon Mumtaz, 2019, "Proxy structural vector autoregressions, informational sufficiency and the role of monetary policy," Working Papers, Queen Mary University of London, School of Economics and Finance, number 894, Sep.
• Eo, Yunjong & Lie, Denny, 2019, "Average Inflation Targeting and Interest-Rate Smoothing," Working Papers, University of Sydney, School of Economics, number 2019-15, Nov.
• Shayan Zakipour-Saber, 2019, "Markov-Switching Proxy BVARs," Working Papers, Queen Mary University of London, School of Economics and Finance, number 896, Oct.
• Jean-Bernard Chatelain & Kirsten Ralf, 2019, "Policy Maker's Credibility with Predetermined Instruments for Forward-Looking Targets," PSE Working Papers, HAL, number halshs-02371913, Nov.
• Juan Carlos Cuestas, 2019, "Co-movement between residential and commercial housing prices: Evidence from a new database," Working Papers, Economics Department, Universitat Jaume I, Castellón (Spain), number 2019/11.
• Martin Bruns, 2019, "Proxy VAR Models in a Data-Rich Environment," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1831.
• Juan Mauricio Ramírez & Fedesarrollo, 2019, "La industria del cannabis medicinal en Colombia," Informes de Investigación, Fedesarrollo, number 17608, Dec.
• Keiichiro KOBAYASHI, 2019, "Why has Deflation Continued under Extraordinary Monetary Expansion?," Policy Discussion Papers, Research Institute of Economy, Trade and Industry (RIETI), number 19028, Oct.
• George Alogoskoufis, 2019, "Greece and the Euro: A Mundellian Tragedy," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe, Hellenic Observatory, LSE, number 136, May.
• Piergiorgio Alessandri & Leonardo Del Vecchio & Arianna Miglietta, 2019, "Financial Conditions and 'Growth at Risk' in Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1242, Oct.
• Franecsca Carta, 2019, "Timely indicators for labour income inequality," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 503, Jul.
• Massimo Gallo & Sonia Soncin & Andrea Venturini, 2019, "Ven-ICE: a new indicator for the economy of the Veneto region," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 498, Jun.
• Nadia Garbellini, 2018, "Inequality in the 21st Century:A Critical Analysis of Piketty`s Work," Working Papers Series, Institute for New Economic Thinking, number 69, Jan, DOI: 10.2139/ssrn.3125221.
• Michalis Nikiforos, 2019, "On the "Utilization Controversy": A Rejoinder and Some Comments," Economics Working Paper Archive, Levy Economics Institute, number wp_940, Nov.
• Toffolutti, Veronica & Suhrcke, Marc, 2019, "Does austerity really kill?," SocArXiv, Center for Open Science, number b2t4x, Mar, DOI: 10.31219/osf.io/b2t4x.
• Zens, Gregor & Böck, Maximilian & Zörner, Thomas O., 2019, "Of clerks & cleaners: the heterogeneous impact of monetary policy on the US labor market," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 297, Nov.
• Anette Borge & Gunnar Bårdsen & Junior Maih, 2019, "Expectations switching in a DSGE model for the UK," Working Paper Series, Department of Economics, Norwegian University of Science and Technology, number 18119, Oct.
• Guner, Nezih & Kaya, Ezgi & Sánchez-Marcos, Virginia, 2019, "Labor Market Frictions and Lowest Low Fertility," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12771, Nov.
• Ryan, John, 2018, "The European Central Bank, Italy and the next Eurozone crisis," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 91314, Nov.
• Ralph G. Lattimore, 2019, "New Zealand as a Niche Player in World Markets," Working Papers in Economics, University of Waikato, number 19/14, Nov.
• João Tovar Jalles, 2019, "Polluting Emissions and GDP: Decoupling Evidence from Brazilian States," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2019/0104, Nov.
• Amat Adarov & Robert Stehrer, 2019, "Implications of Foreign Direct Investment, Capital Formation and its Structure for Global Value Chains," wiiw Working Papers, The Vienna Institute for International Economic Studies, wiiw, number 170, Nov.
• Andi & ProBogot� & Fedesarrollo, 2019, "41 Decisiones inaplazables para Bogotá. La ruta para llevarlas a cabo," Informes de Investigación, Fedesarrollo, number 17609, Oct.

Report NEP-MAC-2019-12-02

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: