Report NEP-MAC-2020-02-24

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:

• George Kapetanios & Simon Price & Menelaos Tasiou & Alexia Ventouri, 2020, "State-level wage Phillips curves," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-08, Feb.
• Faccini, Renato & Yashiv, Eran, 2020, "The Importance of Hiring Frictions in Business Cycles," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12889, Jan.
• Dmitry Kulikov & Nicolas Reigl, 2020, "Inflation expectations in Phillips Curves models for the euro area," Bank of Estonia Working Papers, Bank of Estonia, number wp2019-8, Jan, revised 29 Jan 2020, DOI: 10.23656/25045520/082019/0171.
• Jonas Gross & Johannes Zahner, 2020, "What's on the ECB's mind? - Monetary policy before and after the global financial crisis," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202008.
• Thibaut Duprey & Alexander Ueberfeldt, 2020, "Managing GDP Tail Risk," Staff Working Papers, Bank of Canada, number 20-3, Jan, DOI: 10.34989/swp-2020-3.
• Thomas J. Carter & Rhys R. Mendes, 2020, "The Power of Helicopter Money Revisited: A New Keynesian Perspective," Discussion Papers, Bank of Canada, number 2020-1, Feb, DOI: 10.34989/sdp-2020-1.
• Sebastian Di Tella & Robert E. Hall, 2020, "Risk Premium Shocks Can Create Inefficient Recessions," NBER Working Papers, National Bureau of Economic Research, Inc, number 26721, Jan.
• Robert Ulbricht & Ana Figueiredo & Isaac Baley, 2020, "Mismatch Cycles," Working Papers, Barcelona School of Economics, number 1151, Feb.
• Richard K. Crump & Stefano Eusepi & Emanuel Moench, 2013, "Making a Statement: How Did Professional Forecasters React to the August 2011 FOMC Statement?," Liberty Street Economics, Federal Reserve Bank of New York, number 20130107, Jan.
• V. Colombo, 2020, "Opening the Red Budget Box: Nonlinear Effects of a Tax Shock in the UK," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp1142, Feb.
• Dilara Ertug & Pinar Ozlu & M. Utku Ozmen & Caglar Yunculer, 2020, "The Role of Imported Inputs in Pass-through Dynamics," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2003.
• Dmitry Matveev, 2019, "Monetary Policy and Government Debt Dynamics Without Commitment," Staff Working Papers, Bank of Canada, number 19-52, Dec, DOI: 10.34989/swp-2019-52.
• Calvin He & Gianni La Cava, 2020, "The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2020-02, Feb, DOI: 10.47688/rdp2020-02.
• Matthew Cocci & Marco Del Negro & Stefano Eusepi & Marc Giannoni & M. Henry Linder & Sara Shahanaghi, 2014, "An Assessment of the FRBNY DSGE Model's Real-Time Forecasts, 2010-2013," Liberty Street Economics, Federal Reserve Bank of New York, number 20140925b, Sep.
• Francesco Furlanetto & Paolo Gelain & Marzie Sanjani, 2020, "Output Gap, Monetary Policy Trade-offs, and Financial Frictions," Working Papers, Federal Reserve Bank of Cleveland, number 20-05, Feb, DOI: 10.26509/frbc-wp-202005.
• Pooyan Amir-Ahmadi & Gustavo S. Cortes & Marc D. Weidenmier, 2020, "Regional Monetary Policies and the Great Depression," NBER Working Papers, National Bureau of Economic Research, Inc, number 26695, Jan.
• Sushant Acharya & Julien Bengui & Keshav Dogra & Shu Lin Wee, 2016, "Escaping Unemployment Traps," Liberty Street Economics, Federal Reserve Bank of New York, number 20161116, Nov.
• Item repec:iee:wpaper:wp0117 is not listed on IDEAS anymore

• Marco Del Negro & Raiden B. Hasegawa & Frank Schorfheide, 2015, "Choosing the Right Policy in Real Time (Why That’s Not Easy)," Liberty Street Economics, Federal Reserve Bank of New York, number 20150325, Mar.
• William A. Barnett & Giovanni Bella & Taniya Ghosh & Paolo Mattana & Beatrice Venturi, 2020, "Shilnikov Chaos, Low Interest Rates, and New Keynesian Macroeconomics," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics, number 202001, Jan, revised Jan 2020.
• Peter Tillmann, 2020, "Macroeconomic Surprises and the Demand for Information about Monetary Policy," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202007.
• Junichi Kikuchi & Yoshiyuki Nakazono, 2020, "The Formation of Inflation Expectations: Micro-data Evidence from Japan," Working Papers, Tokyo Center for Economic Research, number e144, Jan.
• Takuma Kunieda & Kazuo Nishimura, 2020, "Does Financial Development Amplify Sunspot Fluctuations?," Discussion Paper Series, School of Economics, Kwansei Gakuin University, number 204, Feb.
• Wee Chian Koh & M. Ayhan Kose & Peter S. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020, "Debt and financial crises," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-09, Feb.
• Catherine Doz & Laurent Ferrara & Pierre-Alain Pionnier, 2025, "Switching Macroeconomic Growth and Volatility: Evidence from a Mean-Variance Markov-Switching Dynamic Factor Model," PSE Working Papers, HAL, number halshs-02443364, Nov.
• Katya Kartashova, 2020, "The Effect of Mortgage Rate Resets on Debt: Evidence from TransUnion (Part I)," Staff Analytical Notes, Bank of Canada, number 2020-2, Jan, DOI: 10.34989/san-2020-2.
• George K. Zestos & Rachel N. Cooke, 2020, "Challenges for the EU as Germany Approaches Recession," Economics Working Paper Archive, Levy Economics Institute, number wp_948, Feb.
• Jongrim Ha & M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2020, "Global macro-financial cycles and spillovers," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-12, Feb.
• M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020, "Global recessions," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-10, Feb.
• Hannes Boehm & Julia Schaumburg & Lena Tonzer, 2020, "Financial Linkages and Sectoral Business Cycle Synchronization: Evidence from Europe," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 20-008/III, Feb.
• Tobias Adrian & Richard K. Crump & Emanuel Moench, 2013, "Do Treasury Term Premia Rise around Monetary Tightenings?," Liberty Street Economics, Federal Reserve Bank of New York, number 20130415, Apr.
• Jonathan McCarthy & Richard Peach, 2015, "Differences in Rent Inflation by Cost of Housing," Liberty Street Economics, Federal Reserve Bank of New York, number 20151104, Nov.
• Richard K. Crump & Stefano Eusepi & Emanuel Moench, 2013, "Preparing for Takeoff? Professional Forecasters and the June 2013 FOMC Meeting," Liberty Street Economics, Federal Reserve Bank of New York, number 20130909, Sep.
• Mario Tonveronachi, 2020, "Ages of Financial Instability," Economics Working Paper Archive, Levy Economics Institute, number wp_947, Feb.
• Richard K. Crump & Domenico Giannone & David O. Lucca, 2020, "Reading the Tea Leaves of the U.S. Business Cycle—Part One," Liberty Street Economics, Federal Reserve Bank of New York, number 20200210, Feb.
• Bianca De Paoli & Argia M. Sbordone & Andrea Tambalotti, 2014, "A Bird's Eye View of the FRBNY DSGE Model," Liberty Street Economics, Federal Reserve Bank of New York, number 20140923, Sep.
• Richard K. Crump & Stefano Eusepi & David O. Lucca & Emanuel Moench, 2014, "Data Insight: Which Growth Rate? It’s a Weighty Subject," Liberty Street Economics, Federal Reserve Bank of New York, number 20141229, Dec.
• Jesus Felipe & Donna Faye Bajaro & Gemma Estrada & John McCombie, 2020, "The Relationship between Technical Progress and Employment: A Comment on Autor and Salomons," Economics Working Paper Archive, Levy Economics Institute, number wp_946, Feb.
• Xiaoyong Cui & Liutang Gong & Chan Wang & Heng-fu Zou, 2020, "Optimal monetary policy cooperation with a global shock and dollar standard," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics, number 612.
• Eric Rosengren, 2019, "Exploring Economic Conditions and the Implications for Monetary Policy," Speech, Federal Reserve Bank of Boston, number 87430, Oct.
• Ryan Rholes & Luba Petersen, 2020, "Should central banks communicate uncertainty in their projections?," Discussion Papers, Department of Economics, Simon Fraser University, number dp20-01, Jan.
• José Luis Oreiro & Luiz Fernando de Paula & João Pedro Heringer Machado, 2020, "Liquidity preference, capital accumulation and investment financing: Fernando Carvalho’s contributions to the Post-Keynesian paradigm," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2007, Feb.
• Matthew Higgins & Thomas Klitgaard, 2019, "How Has Germany's Economy Been Affected by the Recent Surge in Immigration?," Liberty Street Economics, Federal Reserve Bank of New York, number 20190520, May.
• Mark Choi & Hunter L. Clark & Linda S. Goldberg, 2011, "What If the U.S. Dollar's Global Role Changed?," Liberty Street Economics, Federal Reserve Bank of New York, number 20111003, Oct.
• Hideyuki Mizobuchi & Valentin Zelenyuk, 2020, "Quadratic-mean-of-order-r Indexes of Output, Input and Productivity," CEPA Working Papers Series, School of Economics, University of Queensland, Australia, number WP032020, Feb.
• Guner, Nezih & Kulikova, Yuliya & Valladares-Esteban, Arnau, 2020, "Does the Added Worker Effect Matter?," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12923, Jan.
• Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2020, "Why is Unemployment so Countercyclical?," NBER Working Papers, National Bureau of Economic Research, Inc, number 26723, Jan.
• Aurélien Goutsmedt & Goulven Rubin, 2018, "Robert J. Gordon and the introduction of the natural rate hypothesis in the Keynesian framework," Post-Print, HAL, number halshs-01821825, May.
• Robert Kollmann, 2020, "Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies," Working Papers ECARES, ULB -- Universite Libre de Bruxelles, number 2020-02, Jan.
• James Wood & Engelbert Stockhammer, 2020, "House prices, private debt and the macroeconomics of comparative political economy," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2005, Feb.
• Peter Zimmerman, 2020, "Blockchain structure and cryptocurrency prices," Bank of England working papers, Bank of England, number 855, Feb.
• Garibaldi, Pietro & Gomes, Pedro Maia & Sopraseuth, Thepthida, 2019, "Public Employment Redux," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12871, Dec.
• Julian di Giovanni, 2020, "Firm-Level Shocks and GDP Growth: The Case of Boeing’s 737 MAX Production Pause," Liberty Street Economics, Federal Reserve Bank of New York, number 20200213, Feb.
• Santiago J. Gahn, 2020, "Is there a decreasing trend in capacity utilisation in the US economy? Some new evidence," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2006, Feb.
• Max Livingston & Wilbert Van der Klaauw & Basit Zafar, 2014, "Rising Household Debt: Increasing Demand or Increasing Supply?," Liberty Street Economics, Federal Reserve Bank of New York, number 20140528, May.
• Argia M. Sbordone & Andrea Tambalotti, 2014, "Developing a Narrative: the Great Recession and Its Aftermath," Liberty Street Economics, Federal Reserve Bank of New York, number 20140924, Sep.
• Marco Cipriani, 2015, "The FR 2420 Data Collection: A New Base for the Fed Funds Rate," Liberty Street Economics, Federal Reserve Bank of New York, number 20150408, Apr.
• Richard K. Crump & Domenico Giannone & David O. Lucca, 2020, "Reading the Tea Leaves of the U.S. Business Cycle—Part Two," Liberty Street Economics, Federal Reserve Bank of New York, number 20200212, Feb.
• Tsoungui Belinga,Vincent De Paul & Doukali,Mohamed, 2019, "The Moroccan New Keynesian Phillips Curve : A Structural Econometric Analysis," Policy Research Working Paper Series, The World Bank, number 9018, Sep.
• Eric Rosengren, 2019, "Perspectives on the U.S. Economic Outlook," Speech, Federal Reserve Bank of Boston, number 87433, Dec.
• Duque, Magali & Mcknight, Abigail, 2019, "Understanding the relationship between inequalities and poverty: mechanisms associated with crime, the legal system and punitive sanctions," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 103459, Jul.
• Imbierowicz, Björn & Löffler, Axel & Vogel, Ursula, 2019, "The transmission of bank capital requirements and monetary policy to bank lending," Discussion Papers, Deutsche Bundesbank, number 49/2019.
• Morten L. Bech & Antoine Martin & James J. McAndrews, 2012, "How the High Level of Reserves Benefits the Payment System," Liberty Street Economics, Federal Reserve Bank of New York, number 20120227, Feb.
• Adam, Klaus & Weber, Henning, 2020, "Estimating the optimal inflation target from trends in relative prices," Working Paper Series, European Central Bank, number 2370, Feb.
• Matthew Higgins & Thomas Klitgaard & Michael Nattinger, 2019, "Who Pays the Tax on Imports from China?," Liberty Street Economics, Federal Reserve Bank of New York, number 20191125, Nov.
• Anil K. Kashyap & Dimitrios P. Tsomocos & Alexandros P. Vardoulakis, 2020, "Optimal Bank Regulation In the Presence of Credit and Run-Risk," NBER Working Papers, National Bureau of Economic Research, Inc, number 26689, Jan.
• Alain MONFORT & Jean-Paul RENNE & Guillaume ROUSSELLET, 2020, "Affine Modeling of Credit Risk, Pricing of Credit Events and Contagion," Working Papers, Center for Research in Economics and Statistics, number 2020-01, Jan.
• Daniele Tavani & Luca Zamparelli, 2020, "Labor-augmenting technical change and the labor share: New microeconomic foundations," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2004, Feb.
• Eric Rosengren, 2019, "Exploring Economic Conditions and the Implications for Monetary Policy," Speech, Federal Reserve Bank of Boston, number 87431, Oct.
• Jan J. J. Groen & Paolo Pesenti, 2011, "How Easy Is It to Forecast Commodity Prices?," Liberty Street Economics, Federal Reserve Bank of New York, number 20110627, Jun.
• Sushant Acharya & Ozge Akinci & Julien Bengui & Bianca De Paoli, 2016, "Revisiting the Case for International Policy Coordination," Liberty Street Economics, Federal Reserve Bank of New York, number 20160601, Jun.
• Item repec:imf:imfwpa:20/6 is not listed on IDEAS anymore

• Fahkri Hasanov & Fred Joutz & Jeyhun Mikayilov & Muhammad Javid, 2020, "KGEMM: A Macroecnometric Model for Saudi Arabia," Discussion Papers, King Abdullah Petroleum Studies and Research Center, number ks--2020-dp04, Feb, DOI: 10.30573/KS--2020-DP04.
• Matthew Higgins & Thomas Klitgaard, 2012, "Euro Area Spending Imbalances and the Sovereign Debt Crisis," Liberty Street Economics, Federal Reserve Bank of New York, number 20120502, May.
• Corrado Di Guilmi & Yoshi Fujiwara, 2020, "Dual labor market, inflation, and aggregate demand in an agent-based model of the Japanese macroeconomy," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-11, Feb.
• Chauffour,Jean-Pierre Christophe & Gobezie,Muluneh Ayalew, 2019, "Exiting Financial Repression : The Case of Ethiopia," Policy Research Working Paper Series, The World Bank, number 9082, Dec.
• Cristina Arellano & Yan Bai & Gabriel Mihalache, 2019, "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Department of Economics Working Papers, Stony Brook University, Department of Economics, number 19-02-rev1.
• Donald P. Morgan & James Narron & David R. Skeie, 2014, "Crisis Chronicles: The Hamburg Crisis of 1799 and How Extreme Winter Weather Still Disrupts the Economy," Liberty Street Economics, Federal Reserve Bank of New York, number 20140808, Aug.
• Denis Bulygin & Ilya Musabirov, 2020, "How People Reflect On The Usage Of Cosmetic Virtual Goods: A Structural Topic Modeling Analysis Of R/Dota2 Discussions," HSE Working papers, National Research University Higher School of Economics, number WP BRP 60/MAN/2020.
• Diego Aragon & Anna Kovner & Vanesa Sanchez & Peter Van Tassel, 2018, "Tax Reform's Impact on Bank and Corporate Cyclicality," Liberty Street Economics, Federal Reserve Bank of New York, number 20180716, Jul.
• Item repec:imf:imfwpa:20/17 is not listed on IDEAS anymore

• Dieppe,Alistair Matthew & Neville,Francis & Kindberg Hanlon,Gene Joseph, 2019, "New Approaches to the Identification of Low-Frequency Drivers : An Application to Technology Shocks," Policy Research Working Paper Series, The World Bank, number 9047, Oct.
• Qazi Haque & Leandro M. Magnusson, 2020, "Identification robust empirical evidence on the Euler equation in open economies," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-07, Feb.
• Oscar Esteban Morillo Martínez, 2020, "¿Existe un régimen de acumulación financiarizado en Colombia? Análisis desde la escuela de la regulación francesa," Econógrafos, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 17856, Feb.
• Jaanika Merikull & Tairi Room, 2019, "Are survey data underestimating the inequality of wealth?," Bank of Estonia Working Papers, Bank of Estonia, number wp2019-05, Oct, revised 29 Oct 2019, DOI: 10.23656/25045520/052019/0167.
• Item repec:imf:imfwpa:20/10 is not listed on IDEAS anymore

• Item repec:imf:imfwpa:20/9 is not listed on IDEAS anymore

• Schwandt, Hannes & Wachter, Till von, 2020, "Socioeconomic Decline and Death: Midlife Impacts of Graduating in a Recession," IZA Discussion Papers, Institute of Labor Economics (IZA), number 12908, Jan.
• Christos Pierros, 2020, "A Labor Market-Augmented Empirical Stock-Flow Consistent Model Applied to the Greek Economy," Economics Working Paper Archive, Levy Economics Institute, number wp_949, Feb.
• Aditya Goenka & Saqib Jafarey & William Pouliot, 2019, "Pollution, Mortality and Time Consistent Abatement Taxes," Discussion Papers, Department of Economics, University of Birmingham, number 19-12, Oct.
• Alexander Bick & Adam Blandin & Richard Rogerson, 2020, "Hours and Wages," NBER Working Papers, National Bureau of Economic Research, Inc, number 26722, Jan.
• Picón Aguilar, Carmen & Soares, Rodrigo Oliveira & Adalid, Ramón, 2020, "Revisiting the monetary presentation of the euro area balance of payments," Occasional Paper Series, European Central Bank, number 238, Feb.
• Sudha Narayanan & Nirupam Mehrotra, 2019, "Loan waivers and bank credit reflections on the evidence and the way forward," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2019-038, Dec.

Report NEP-MAC-2020-02-24

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: