Report NEP-MAC-2020-02-10

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:

• Òscar Jordà & Sanjay R. Singh & Alan M. Taylor, 2020, "The Long-Run Effects of Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 26666, Jan.
• Serdar Birinci & Kurt See, 2019, "Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity," Working Papers, Federal Reserve Bank of St. Louis, number 2019-022, Jan, revised Nov 2021, DOI: 10.20955/wp.2019.022.
• Michalis Nikiforos, 2020, "Demand, Distribution, Productivity, Structural Change, and (Secular?) Stagnation," Economics Working Paper Archive, Levy Economics Institute, number wp_945, Jan.
• Benjamin Beckers, 2020, "Credit Spreads, Monetary Policy and the Price Puzzle," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2020-01, Jan, DOI: 10.47688/rdp2020-01.
• David Finck, 2020, "Forward Guidance Under the Cost Channel," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202004.
• Mario Cassetti, 2020, "Fiscal policy as a long-run stabilization tool. Simulations with a stock-flow consistent model," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2003, Jan.
• Julien Albertini & Stéphane Auray & Hafedh Bouakez & Aurélien Eyquem, 2020, "Taking off into the Wind: Unemployment Risk and State-Dependent Government Spending Multipliers," Working Papers, Groupe d'Analyse et de Théorie Economique Lyon St-Etienne (GATE Lyon St-Etienne), Université de Lyon, number 2002.
• Joana Sousa Leite & Rita Soares & João Filipe & Nuno Nóbrega, 2020, "Banco de Portugal TARGET balance: evolution and main drivers," Working Papers, Banco de Portugal, Economics and Research Department, number o202001.
• Dimitrios Anastasiou & Zacharias Bragoudakis & Stelios Giannoulakis, 2020, "Perceived vs actual financial crisis and bank credit standards: is there any indication of self-fulfilling prophecy?," Working Papers, Bank of Greece, number 277, Jan.
• Item repec:bof:bofrdp:2019_019 is not listed on IDEAS anymore

• Lars E.O. Svensson, 2020, "Monetary Policy Strategies for the Federal Reserve," NBER Working Papers, National Bureau of Economic Research, Inc, number 26657, Jan.
• Leland Bybee & Bryan T. Kelly & Asaf Manela & Dacheng Xiu, 2020, "The Structure of Economic News," NBER Working Papers, National Bureau of Economic Research, Inc, number 26648, Jan.
• Andrea Berardi & Alberto Plazzi, 2019, "Dissecting the Yield Curve: The International Evidence," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 19-73, Jun.
• Muhammad Nadim Hanif & Javed Iqbal & Syed Hamza Ali & Muhammad Abdus Salam, 2019, "Denoised Inflation: A New Measure of Core Inflation," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 102, Jan.
• Item repec:ris:msuecw:2020_005 is not listed on IDEAS anymore

• Kollar, Miroslav & Schmieder, Christian, 2019, "Macro-based asset allocation: An empirical analysis," EIB Working Papers, European Investment Bank (EIB), number 2019/11, DOI: 10.2867/394053.
• Ryan Chahrour & Sanjay Chugh & Tristan Potter, 2020, "Anticipated Productivity and the Labor Market," Boston College Working Papers in Economics, Boston College Department of Economics, number 992, Jan.
• Item repec:uta:papers:2020_02 is not listed on IDEAS anymore

• Shuonan Zhang, 2020, "State-owned enterprises and entrusted lending: A DSGE analysis for growth and business cycles in China," Working Papers in Economics & Finance, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, number 2020-01, Jan.
• Robert Kollmann, 2020, "Rational bubbles in non-linear business cycle models: Closed and open economies," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-06, Feb.
• Muhammad Ejaz & Muhammad Nadim Hanif, 2018, "An Anatomy of Credit Booms in Pakistan: Evidence from Macro Aggregates and Firm Level Data," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 101, Dec.
• Patrick Adams & Domenico Giannone & Eric Qian & Argia M. Sbordone, 2019, "Monitoring Economic Conditions during a Government Shutdown," Liberty Street Economics, Federal Reserve Bank of New York, number 20190205, Feb.
• Heikki Kauppi & Timo Virtanen, 2018, "Boosting Non-linear Predictabilityof Macroeconomic Time Series," Discussion Papers, Aboa Centre for Economics, number 124, Dec.
• Martin Hellwig, 2019, "Banks, Politics and European Monetary Union," Discussion Paper Series of the Max Planck Institute for Behavioral Economics, Max Planck Institute for Behavioral Economics, number 2019_13, Nov.
• Catherine Doz & Laurent Ferrara & Pierre-Alain Pionnier, 2025, "Switching Macroeconomic Growth and Volatility: Evidence from a Mean-Variance Markov-Switching Dynamic Factor Model," Working Papers, HAL, number halshs-02443364, Nov.
• Akvile Bertasiute & Domenico Massaro & Matthias Weber, 2019, "The Behavioral Economics of Currency Unions: Economic Integration and Monetary Policy," Working Papers on Finance, University of St. Gallen, School of Finance, number 1916, Nov.
• Item repec:ris:msuecw:2020_004 is not listed on IDEAS anymore

• Item repec:upd:utmpwp:014 is not listed on IDEAS anymore

• Ilu, Ahmad Ibraheem, 2020, "Exchange Rate Pass through to Stock Prices: A Multi GARCH Approach," MPRA Paper, University Library of Munich, Germany, number 98442, Feb.
• Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2015, "Credit Supply and the Housing Boom," Liberty Street Economics, Federal Reserve Bank of New York, number 20150420, Apr.
• Acharya, Viral V. & Imbierowicz, Björn & Steffen, Sascha & Teichmann, Daniel, 2019, "Does the lack of financial stability impair the transmission of monetary policy?," Discussion Papers, Deutsche Bundesbank, number 48/2019.
• Oguzhan Cepni & Wiehan Dul & Rangan Gupta & Mark E. Wohar, 2020, "The Dynamics of U.S. REITs Returns to Uncertainty Shocks: A Proxy SVAR Approach," Working Papers, University of Pretoria, Department of Economics, number 202001, Jan.
• Moreno Bertoldi & Paolo Pesenti & Helene Rey & Valérie Rouxel-Laxton, 2016, "At the N.Y. Fed: The Transatlantic Economy: Convergence or Divergence?," Liberty Street Economics, Federal Reserve Bank of New York, number 20160603, Jun.
• Nicholas Oulton, 2020, "Measuring productivity: theory and British practice," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2020-01, Jan.
• Marco Del Negro & Domenico Giannone & Marc Giannoni & Abhi Gupta & Pearl Li & Andrea Tambalotti, 2018, "A DSGE Perspective on Safety, Liquidity, and Low Interest Rates," Liberty Street Economics, Federal Reserve Bank of New York, number 20180207, Feb.
• Olivier Armantier & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2016, "How Do People Revise Their Inflation Expectations?," Liberty Street Economics, Federal Reserve Bank of New York, number 20160822, Aug.
• Chen, Been-Lon & Hu, Yunfang & Mino, Kazuo, 2019, "Stability of a Small Open Economy under Nonlinear Income Taxation," MPRA Paper, University Library of Munich, Germany, number 98101, May.
• Gonzalez-Astudillo, Manuel, 2019, "Dolarización: efectos y riesgos en el caso ecuatoriano
  [Dollarization: effects and risks in the Ecuadorian case]," MPRA Paper, University Library of Munich, Germany, number 98250, Sep.
• Tobias Adrian & Nina Boyarchenko & Domenico Giannone, 2018, "Vulnerable Growth," Liberty Street Economics, Federal Reserve Bank of New York, number 20180409, Apr.
• Jeremiah P. Boyle & Richard K. Crump & Emanuel Moench & Matthew Raskin & Carlo Rosa & Lisa Stowe, 2014, "Interest Rate Derivatives and Monetary Policy Expectations," Liberty Street Economics, Federal Reserve Bank of New York, number 20141205b, Dec.
• Carl Grekou, 2019, "EQCHANGE Annual Assessment 2019," Working Papers, CEPII research center, number 2019-19, Dec.
• Margarida Duarte, 2020, "Services and the Decline of the U.S. Employment-to-Population Ratio," Working Papers, University of Toronto, Department of Economics, number tecipa-653, Jan.
• Alyssa Cambron & Marco Cipriani & Joshua Jones & Romen Mookerjee & Scott Sherman & Brett Solimine & Timothy Wessel, 2019, "Selected Deposits and the OBFR," Liberty Street Economics, Federal Reserve Bank of New York, number 20190506, May.
• António R. Antunes & Tiago Cavalcanti, 2019, "Tighter Credit and Consumer Bankruptcy Insurance," Working Papers, Banco de Portugal, Economics and Research Department, number w201921.
• Charles Yuji Horioka & Yoko Niimi, 2020, "Was the Expansion of Housing Credit in Japan Good or Bad?," Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University, number DP2020-02, Jan.
• Olivier Armantier & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2013, "Introducing the FRBNY Survey of Consumer Expectations: Survey Goals, Design and Content," Liberty Street Economics, Federal Reserve Bank of New York, number 20131204b, Dec.
• Patrick Adams & Brandyn Bok & Daniele Caratelli & Domenico Giannone & Eric Qian & Argia M. Sbordone & Camilla Schneier & Andrea Tambalotti, 2018, "Opening the Toolbox: The Nowcasting Code on GitHub," Liberty Street Economics, Federal Reserve Bank of New York, number 20180810, Aug.
• Cristina Arellano & Yan Bai & Gabriel P. Mihalache, 2020, "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," NBER Working Papers, National Bureau of Economic Research, Inc, number 26671, Jan.
• Brandyn Bok & Marco Del Negro & Domenico Giannone & Marc Giannoni & Andrea Tambalotti, 2018, "A Time-Series Perspective on Safety, Liquidity, and Low Interest Rates," Liberty Street Economics, Federal Reserve Bank of New York, number 20180206, Feb.
• Jaqueson K. Galimberti, 2020, "Forecasting GDP growth from outer space," Working Papers, Auckland University of Technology, Department of Economics, number 2020-02, Feb.
• Olivier Armantier & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2013, "Introducing the FRBNY Survey of Consumer Expectations: Measuring Price Inflation Expectations," Liberty Street Economics, Federal Reserve Bank of New York, number 20131204a, Dec.
• Kasun Kumarasiri & Ruchira L Weerasekara & Chaturika Ranaweera and Tilak Liyanaarachchi, 2019, "Revenue Based Fiscal Consolidation and Economic Growth in Sri Lanka," Discussion Papers in Economics, Griffith University, Department of Accounting, Finance and Economics, number economics:201904, Apr.
• YiLi Chien & Yi Wen, 2020, "Optimal Fiscal Policy under Capital Overaccumulation," Working Papers, Federal Reserve Bank of St. Louis, number 2020-002, Jan, revised 30 Aug 2021, DOI: 10.20955/wp.2020.002.
• Mary Amiti & David E. Weinstein, 2013, "Do Bank Shocks Affect Aggregate Investment?," Liberty Street Economics, Federal Reserve Bank of New York, number 20130708, Jul.
• Olivier Armantier & Scott Nelson & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2012, "Nudging Inflation Expectations: An Experiment," Liberty Street Economics, Federal Reserve Bank of New York, number 20121105, Nov.
• Olivier Armantier & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2016, "Who Is Driving the Recent Decline in Consumers Inflation Expectations?," Liberty Street Economics, Federal Reserve Bank of New York, number 20160105, Jan.
• Houda Boubaker & Eric Girardin & Christophe Muller, 2019, "Stochastic Growth Model And The Role Of Shocks To Trend In The Mena Region," Working Papers, Economic Research Forum, number 1349, Sep, revised 20 Sep 2019.
• Marco Del Negro & Fabrizio Perri & Fabiano Schivardi, 2011, "Tax Buyouts: Raising Government Revenues without Increasing Labor Tax Distortions," Liberty Street Economics, Federal Reserve Bank of New York, number 20110817, Aug.
• Marco Del Negro & Domenico Giannone & Marc Giannoni & Andrea Tambalotti, 2018, "A New Perspective on Low Interest Rates," Liberty Street Economics, Federal Reserve Bank of New York, number 20180205, Feb.
• Olivier Armantier & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2011, "What Is Driving the Recent Rise in Consumer Inflation Expectations?," Liberty Street Economics, Federal Reserve Bank of New York, number 20110418, Apr.
• L. Aeberhardt & F. Hatier & M. Leclair & B. Pentinat & J.-D. Zafar, 2019, "L’économie numérique fausse-t-elle le partage volume-prix du PIB ?," Documents de Travail de l'Insee - INSEE Working Papers, Institut National de la Statistique et des Etudes Economiques, number g2019-04.
• Item repec:bof:bofitp:2020_001 is not listed on IDEAS anymore

• Taylor Webley & Carla Valerio & Maureen MacIsaac, 2020, "Characterizing Breadth in Canadian Economic Activity," Staff Analytical Notes, Bank of Canada, number 2020-1, Jan, DOI: 10.34989/san-2020-1.
• Samba Diop & Simplice A. Asongu, 2020, "An Index of African Monetary Integration (IAMI)," Working Papers of the African Governance and Development Institute., African Governance and Development Institute., number 20/003, Jan.
• Eduardo Levy Yeyati & Martín Montané & Luca Sartorio, 2019, "What works for Active Labor Market Policies?," School of Government Working Papers, Universidad Torcuato Di Tella, number 201903.
• Mario García-Molina & Iv�n Leonardo Urrea, 2020, "Cómo resolver un modelo de expectativas racionales," Documentos de Trabajo, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 17799, Jan.
• Roberta Colavecchio & Ieva Rubene, 2019, "Non-linear exchange rate pass-through to euro area inflation: A local projection approach," BCL working papers, Central Bank of Luxembourg, number 138, Dec.
• N. Gregory Mankiw, 2020, "A Skeptic's Guide to Modern Monetary Theory," NBER Working Papers, National Bureau of Economic Research, Inc, number 26650, Jan.
• Ondrej Schneider, 2019, "Partisan Fiscal Policy: Evidence from Central and Eastern Europe," CESifo Working Paper Series, CESifo, number 8014.
• Item repec:clg:wpaper:2019-14 is not listed on IDEAS anymore

• Dennis Dlugosch & Rauf Gönenç & Eun Jung Kim & Aleksandra Paciorek, 2020, "Firming up the capital base of the Austrian business sector - Consolidating Austria’s business sector strengths and its social role in the face of new challenges," OECD Economics Department Working Papers, OECD Publishing, number 1595, Feb, DOI: 10.1787/d132d949-en.
• Devadas,Sharmila & Loayza,Norman V., 2018, "When is a Current Account Deficit Bad?," Research and Policy Briefs, The World Bank, number 130415, Oct.
• Heikki Kauppi, 2019, "Recession Prediction with OptimalUse of Leading Indicators," Discussion Papers, Aboa Centre for Economics, number 125, Apr.
• Dennery, Charles, 2019, "Featherbedding and labour market reforms," MPRA Paper, University Library of Munich, Germany, number 98190, Sep.
• Olivier Armantier & Giorgio Topa & Wilbert Van der Klaauw & Basit Zafar, 2011, "Inflation Expectations and Behavior: Do Survey Respondents Act on Their Beliefs?," Liberty Street Economics, Federal Reserve Bank of New York, number 20110727, Jul.
• Viral V. Acharya & Michael J. Fleming & Warren B. Hrung & Asani Sarkar, 2017, "Which Dealers Borrowed from the Fed’s Lender-of-Last-Resort Facilities?," Liberty Street Economics, Federal Reserve Bank of New York, number 20170510, May.
• Eduardo Levy Yeyati & Juan Francisco Gómez, 2019, "The cost of holding foreign exchange reserves," School of Government Working Papers, Universidad Torcuato Di Tella, number 201901.
• Item repec:cen:wpaper:20-4 is not listed on IDEAS anymore

• Mary Amiti & Tyler Bodine-Smith & Michele Cavallo & Logan T. Lewis, 2015, "Did the West Coast Port Dispute Contribute to the First-Quarter GDP Slowdown?," Liberty Street Economics, Federal Reserve Bank of New York, number 20150702, Jul.
• Daniel Schaefer & Carl Singleton, 2020, "Nominal Wage Adjustments and the Composition of Pay: New Evidence from Payroll Data," Economics Discussion Papers, Department of Economics, University of Reading, number em-dp2020-01, Jan.
• Daniele Tavani & Luca Zamparelli, 2020, "Labor-Augmenting Technical Change and the Labor Share: New Microeconomic Foundations," Working Papers, Sapienza University of Rome, DISS, number 2/20, Jan.
• Lei Fang & Anne Hannusch & Pedro Silos, 2020, "Bundling Time and Goods: Implications for Hours Dispersion," DETU Working Papers, Department of Economics, Temple University, number 2003, Jan.
• Ricardo Mariño-Martínez & Carlos León & Carlos Cadena-Silva, 2020, "Las entidades de contrapartida central en la mitigación del riesgo de contraparte y de liquidez: El caso de los derivados cambiarios en Colombia," Borradores de Economia, Banco de la Republica de Colombia, number 1101, Feb, DOI: https://doi.org/10.32468/be.1101.
• Debraj Ray & Dilip Mookherjee, 2020, "Growth, Automation and the Long Run Share of Labor," NBER Working Papers, National Bureau of Economic Research, Inc, number 26658, Jan.
• Brandyn Bok & Marco Del Negro & Domenico Giannone & Marc Giannoni & Eric Qian & Andrea Tambalotti, 2019, "Global Trends in Interest Rates," Liberty Street Economics, Federal Reserve Bank of New York, number 20190227, Feb.
• Schlag, Christian & Thimme, Julian & Weber, Rüdiger, 2020, "Implied Volatility Duration: A measure for the timing of uncertainty resolution," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 265, DOI: 10.2139/ssrn.2881993.
• Simone Giansante & Mahmoud Fatouh & Steven Ongena, 2019, "Does Quantitative Easing Boost Bank Lending to the Real Economy or Cause Other Bank Asset Reallocation? The Case of the UK," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 19-72, Sep.
• Item repec:imf:imfscr:20/2 is not listed on IDEAS anymore

• Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2018, "Fiscal Space : Concept, Measurement, and Policy Implications," Research and Policy Briefs, The World Bank, number 132195, Nov.
• Gary B. Gorton, 2020, "Private Money Production without Banks," NBER Working Papers, National Bureau of Economic Research, Inc, number 26663, Jan.
• Ahmed, Rashad, 2019, "Commodity Currencies and Causality: Some High-Frequency Evidence," MPRA Paper, University Library of Munich, Germany, number 98319, Oct, revised 25 Jan 2020.
• Gauti Eggertsson & Sergey K. Egiev & Alessandro Lin & Josef Platzer & Luca Riva, 2020, "A Toolkit for Solving Models with a Lower Bound on Interest Rates of Stochastic Duration," Working Papers, Brown University, Department of Economics, number 2020-14.
• Apostolos Serletis & Cosmas Dery, , "Interest Rates, Money, and Economic Activity," Working Papers, Department of Economics, University of Calgary, number 2019-16, revised 08 Oct 2019.
• Ilan Noy & Nguyen Doan & Benno Ferrarini & Donghyun Park, 2019, "Measuring the Economic Risk of Epidemics," CESifo Working Paper Series, CESifo, number 8016.
• Antoine Mandel & Vipin P Veetil, 2019, "Monetary Dynamics in a Network Economy," Post-Print, HAL, number halshs-02354576, Oct.
• Toma Lankauskiene, 2020, "Productivity growth determinants of differently developed countries: comparative capital input results," Working Papers. Serie EC, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie), number 2020-02, Jan.
• K. Mohkam & O. Simon, 2019, "L’empreinte matières de l’économie française : une analyse par matière et catégorie de produits," Documents de Travail de l'Insee - INSEE Working Papers, Institut National de la Statistique et des Etudes Economiques, number g2019-11.
• German Cubas & Chinhui Juhn & Pedro Silos, 2020, "Coordinated Work Schedules and the Gender Wage Gap," DETU Working Papers, Department of Economics, Temple University, number 2002, Jan.
• Oscar Claveria & Ivana Lolic & Enric Monte & Salvador Torra & Petar Soric, 2020, "“Economic determinants of employment sentiment: A socio-demographic analysis for the euro area”," AQR Working Papers, University of Barcelona, Regional Quantitative Analysis Group, number 2012001, Jan, revised Jan 2020.
• Item repec:hal:wpaper:hal-02421007 is not listed on IDEAS anymore

• Harold L. Cole & Dirk Krueger & George J. Mailath & Yena Park, 2020, "Trust in Risk Sharing: A Double-Edged Sword," NBER Working Papers, National Bureau of Economic Research, Inc, number 26667, Jan.
• H. Sohn & Didier Sornette, 2020, "Rational Belief Bubbles," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-05, Feb.
• Pedro Bento & Diego Restuccia, 2020, "The Role of Nonemployers in Business Dynamism and Aggregate Productivity," Working Papers, University of Toronto, Department of Economics, number tecipa-654, Jan.

Report NEP-MAC-2020-02-10

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: