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 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:

• George Kapetanios & Simon Price & Menelaos Tasiou & Alexia Ventouri, 2020. "State-level wage Phillips curves," CAMA Working Papers 2020-08, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Faccini, Renato & Yashiv, Eran, 2020. "The Importance of Hiring Frictions in Business Cycles," IZA Discussion Papers 12889, Institute of Labor Economics (IZA).
• Dmitry Kulikov & Nicolas Reigl, 2020. "Inflation expectations in Phillips Curves models for the euro area," Bank of Estonia Working Papers wp2019-8, Bank of Estonia, revised 29 Jan 2020.
• 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 202008, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Thibaut Duprey & Alexander Ueberfeldt, 2020. "Managing GDP Tail Risk," Staff Working Papers 20-3, Bank of Canada.
• Thomas J. Carter & Rhys R. Mendes, 2020. "The Power of Helicopter Money Revisited: A New Keynesian Perspective," Discussion Papers 2020-1, Bank of Canada.
• Sebastian Di Tella & Robert E. Hall, 2020. "Risk Premium Shocks Can Create Inefficient Recessions," NBER Working Papers 26721, National Bureau of Economic Research, Inc.
• Isaac Baley & Ana Figueiredo & Robert Ulbricht, 2020. "Mismatch Cycles," Working Papers 1151, Barcelona Graduate School of Economics.
• 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 20130107, Federal Reserve Bank of New York.
• V. Colombo, 2020. "Opening the Red Budget Box: Nonlinear Effects of a Tax Shock in the UK," Working Papers wp1142, Dipartimento Scienze Economiche, Universita' di Bologna.
• Dilara Ertug & Pinar Ozlu & M. Utku Ozmen & Caglar Yunculer, 2020. "The Role of Imported Inputs in Pass-through Dynamics," Working Papers 2003, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
• Dmitry Matveev, 2019. "Monetary Policy and Government Debt Dynamics Without Commitment," Staff Working Papers 19-52, Bank of Canada.
• Calvin He & Gianni La Cava, 2020. "The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets," RBA Research Discussion Papers rdp2020-02, Reserve Bank of Australia.
• 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 20140925b, Federal Reserve Bank of New York.
• Francesco Furlanetto & Paolo Gelain & Marzie Sanjani, 2020. "Output Gap, Monetary Policy Trade-offs, and Financial Frictions," Working Papers 202005, Federal Reserve Bank of Cleveland.
• Pooyan Amir-Ahmadi & Gustavo S. Cortes & Marc D. Weidenmier, 2020. "Regional Monetary Policies and the Great Depression," NBER Working Papers 26695, National Bureau of Economic Research, Inc.
• Sushant Acharya & Julien Bengui & Keshav Dogra & Shu Lin Wee, 2016. "Escaping Unemployment Traps," Liberty Street Economics 20161116, Federal Reserve Bank of New York.
• Christoph Bierbrauer, 2020. "Towards a new architecture for the euro area: An early appraisal of the Juncker Commission," IEER Working Papers 117, Institute of Empirical Economic Research, Osnabrueck University.
• Marco Del Negro & Raiden B. Hasegawa & Frank Schorfheide, 2015. "Choosing the Right Policy in Real Time (Why That’s Not Easy)," Liberty Street Economics 20150325, Federal Reserve Bank of New York.
• William 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 202001, University of Kansas, Department of Economics, revised Jan 2020.
• Peter Tillmann, 2020. "Macroeconomic Surprises and the Demand for Information about Monetary Policy," MAGKS Papers on Economics 202007, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Junichi Kikuchi & Yoshiyuki Nakazono, 2020. "The Formation of Inflation Expectations: Micro-data Evidence from Japan," Working Papers e144, Tokyo Center for Economic Research.
• Takuma Kunieda & Kazuo Nishimura, 2020. "Does Financial Development Amplify Sunspot Fluctuations?," Discussion Paper Series 204, School of Economics, Kwansei Gakuin University.
• Wee Chian Koh & M. Ayhan Kose & Peter S. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Debt and financial crises," CAMA Working Papers 2020-09, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Catherine Doz & Laurent Ferrara & Pierre-Alain Pionnier, 2020. "Business cycle dynamics after the Great Recession: An Extended Markov-Switching Dynamic Factor Model," PSE Working Papers halshs-02443364, HAL.
• Katya Kartashova, 2020. "The Effect of Mortgage Rate Resets on Debt: Evidence from TransUnion (Part I)," Staff Analytical Notes 2020-2, Bank of Canada.
• George K. Zestos & Rachel N. Cooke, 2020. "Challenges for the EU as Germany Approaches Recession," Economics Working Paper Archive wp_948, Levy Economics Institute.
• Jongrim Ha & M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2020. "Global macro-financial cycles and spillovers," CAMA Working Papers 2020-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global recessions," CAMA Working Papers 2020-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Hannes Boehm & Julia Schaumburg & Lena Tonzer, 2020. "Financial Linkages and Sectoral Business Cycle Synchronization: Evidence from Europe," Tinbergen Institute Discussion Papers 20-008/III, Tinbergen Institute.
• Tobias Adrian & Richard K. Crump & Emanuel Moench, 2013. "Do Treasury Term Premia Rise around Monetary Tightenings?," Liberty Street Economics 20130415, Federal Reserve Bank of New York.
• Jonathan McCarthy & Richard Peach, 2015. "Differences in Rent Inflation by Cost of Housing," Liberty Street Economics 20151104, Federal Reserve Bank of New York.
• Richard K. Crump & Stefano Eusepi & Emanuel Moench, 2013. "Preparing for Takeoff? Professional Forecasters and the June 2013 FOMC Meeting," Liberty Street Economics 20130909, Federal Reserve Bank of New York.
• Mario Tonveronachi, 2020. "Ages of Financial Instability," Economics Working Paper Archive wp_947, Levy Economics Institute.
• Richard K. Crump & Domenico Giannone & David O. Lucca, 2020. "Reading the Tea Leaves of the U.S. Business Cycle—Part One," Liberty Street Economics 20200210, Federal Reserve Bank of New York.
• Bianca De Paoli & Argia M. Sbordone & Andrea Tambalotti, 2014. "A Bird's Eye View of the FRBNY DSGE Model," Liberty Street Economics 20140923, Federal Reserve Bank of New York.
• Richard K. Crump & Stefano Eusepi & David O. Lucca & Emanuel Moench, 2014. "Data Insight: Which Growth Rate? It’s a Weighty Subject," Liberty Street Economics 20141229, Federal Reserve Bank of New York.
• 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 wp_946, Levy Economics Institute.
• Xiaoyong Cui & Liutang Gong & Chan Wang & Heng-fu Zou, 2020. "Optimal monetary policy cooperation with a global shock and dollar standard," CEMA Working Papers 612, China Economics and Management Academy, Central University of Finance and Economics.
• Eric S. Rosengren, 2019. "Exploring Economic Conditions and the Implications for Monetary Policy," Speech 87430, Federal Reserve Bank of Boston.
• Ryan Rholes & Luba Petersen, 2020. "Should central banks communicate uncertainty in their projections?," Discussion Papers dp20-01, Department of Economics, Simon Fraser University.
• 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 PKWP2007, Post Keynesian Economics Society (PKES).
• Matthew Higgins & Thomas Klitgaard, 2019. "How Has Germany's Economy Been Affected by the Recent Surge in Immigration?," Liberty Street Economics 20190520, Federal Reserve Bank of New York.
• Mark Choi & Hunter L. Clark & Linda S. Goldberg, 2011. "What If the U.S. Dollar's Global Role Changed?," Liberty Street Economics 20111003, Federal Reserve Bank of New York.
• Hideyuki Mizobuchi & Valentin Zelenyuk, 2020. "Quadratic-mean-of-order-r Indexes of Output, Input and Productivity," CEPA Working Papers Series WP032020, School of Economics, University of Queensland, Australia.
• Guner, Nezih & Kulikova, Yuliya & Valladares-Esteban, Arnau, 2020. "Does the Added Worker Effect Matter?," IZA Discussion Papers 12923, Institute of Labor Economics (IZA).
• Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2020. "Why is Unemployment so Countercyclical?," NBER Working Papers 26723, National Bureau of Economic Research, Inc.
• Aurélien Goutsmedt & Goulven Rubin, 2018. "Robert J. Gordon and the introduction of the natural rate hypothesis in the Keynesian framework," Post-Print halshs-01821825, HAL.
• Robert Kollmann, 2020. "Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies," Working Papers ECARES 2020-02, ULB -- Universite Libre de Bruxelles.
• James Wood & Engelbert Stockhammer, 2020. "House prices, private debt and the macroeconomics of comparative political economy," Working Papers PKWP2005, Post Keynesian Economics Society (PKES).
• Zimmerman, Peter, 2020. "Blockchain structure and cryptocurrency prices," Bank of England working papers 855, Bank of England.
• Garibaldi, Pietro & Gomes, Pedro Maia & Sopraseuth, Thepthida, 2019. "Public Employment Redux," IZA Discussion Papers 12871, Institute of Labor Economics (IZA).
• Julian di Giovanni, 2020. "Firm-Level Shocks and GDP Growth: The Case of Boeing’s 737 MAX Production Pause," Liberty Street Economics 20200213, Federal Reserve Bank of New York.
• Santiago J. Gahn, 2020. "Is there a decreasing trend in capacity utilisation in the US economy? Some new evidence," Working Papers PKWP2006, Post Keynesian Economics Society (PKES).
• Max Livingston & Wilbert Van der Klaauw & Basit Zafar, 2014. "Rising Household Debt: Increasing Demand or Increasing Supply?," Liberty Street Economics 20140528, Federal Reserve Bank of New York.
• Argia M. Sbordone & Andrea Tambalotti, 2014. "Developing a Narrative: the Great Recession and Its Aftermath," Liberty Street Economics 20140924, Federal Reserve Bank of New York.
• Marco Cipriani, 2015. "The FR 2420 Data Collection: A New Base for the Fed Funds Rate," Liberty Street Economics 20150408, Federal Reserve Bank of New York.
• Richard K. Crump & Domenico Giannone & David O. Lucca, 2020. "Reading the Tea Leaves of the U.S. Business Cycle—Part Two," Liberty Street Economics 20200212, Federal Reserve Bank of New York.
• Tsoungui Belinga,Vincent De Paul & Doukali,Mohamed, 2019. "The Moroccan New Keynesian Phillips Curve : A Structural Econometric Analysis," Policy Research Working Paper Series 9018, The World Bank.
• Eric S. Rosengren, 2019. "Perspectives on the U.S. Economic Outlook," Speech 87433, Federal Reserve Bank of Boston.
• 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 103459, London School of Economics and Political Science, LSE Library.
• Imbierowicz, Björn & Löffler, Axel & Vogel, Ursula, 2019. "The transmission of bank capital requirements and monetary policy to bank lending," Discussion Papers 49/2019, Deutsche Bundesbank.
• Morten L. Bech & Antoine Martin & James J. McAndrews, 2012. "How the High Level of Reserves Benefits the Payment System," Liberty Street Economics 20120227, Federal Reserve Bank of New York.
• Adam, Klaus & Weber, Henning, 2020. "Estimating the optimal inflation target from trends in relative prices," Working Paper Series 2370, European Central Bank.
• Matthew Higgins & Thomas Klitgaard & Michael Nattinger, 2019. "Who Pays the Tax on Imports from China?," Liberty Street Economics 20191125, Federal Reserve Bank of New York.
• Anil K. Kashyap & Dimitrios P. Tsomocos & Alexandros P. Vardoulakis, 2020. "Optimal Bank Regulation In the Presence of Credit and Run-Risk," NBER Working Papers 26689, National Bureau of Economic Research, Inc.
• Alain MONFORT & Jean-Paul RENNE & Guillaume ROUSSELLET, 2020. "Affine Modeling of Credit Risk, Pricing of Credit Events and Contagion," Working Papers 2020-01, Center for Research in Economics and Statistics.
• Daniele Tavani & Luca Zamparelli, 2020. "Labor-augmenting technical change and the labor share: New microeconomic foundations," Working Papers PKWP2004, Post Keynesian Economics Society (PKES).
• Eric S. Rosengren, 2019. "Exploring Economic Conditions and the Implications for Monetary Policy," Speech 87431, Federal Reserve Bank of Boston.
• Jan J. J. Groen & Paolo Pesenti, 2011. "How Easy Is It to Forecast Commodity Prices?," Liberty Street Economics 20110627, Federal Reserve Bank of New York.
• Sushant Acharya & Ozge Akinci & Julien Bengui & Bianca De Paoli, 2016. "Revisiting the Case for International Policy Coordination," Liberty Street Economics 20160601, Federal Reserve Bank of New York.
• Chikako Baba & Salvatore Dell'Erba & Enrica Detragiache & Olamide Harrison & Aiko Mineshima & Anvar Musayev & Asghar Shahmoradi, 2020. "How Should Credit Gaps Be Measured? An Application to European Countries," IMF Working Papers 20/6, International Monetary Fund.
• Fahkri Hasanov & Fred Joutz & Jeyhun Mikayilov & Muhammad Javid, 2020. "KGEMM: A Macroecnometric Model for Saudi Arabia," Discussion Papers ks--2020-dp04, King Abdullah Petroleum Studies and Research Center.
• Matthew Higgins & Thomas Klitgaard, 2012. "Euro Area Spending Imbalances and the Sovereign Debt Crisis," Liberty Street Economics 20120502, Federal Reserve Bank of New York.
• 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 2020-11, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Chauffour,Jean-Pierre Christophe & Gobezie,Muluneh Ayalew, 2019. "Exiting Financial Repression : The Case of Ethiopia," Policy Research Working Paper Series 9082, The World Bank.
• Cristina Arellano & Yan Bai & Gabriel Mihalache, 2019. "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Department of Economics Working Papers 19-02-rev1, Stony Brook University, Department of Economics.
• 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 20140808, Federal Reserve Bank of New York.
• 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 WP BRP 60/MAN/2020, National Research University Higher School of Economics.
• Diego Aragon & Anna Kovner & Vanesa Sanchez & Peter Van Tassel, 2018. "Tax Reform's Impact on Bank and Corporate Cyclicality," Liberty Street Economics 20180716, Federal Reserve Bank of New York.
• Jorge Restrepo, 2020. "How Big are Fiscal Multipliers in Latin America?," IMF Working Papers 20/17, International Monetary Fund.
• 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 9047, The World Bank.
• Qazi Haque & Leandro M. Magnusson, 2020. "Identification robust empirical evidence on the Euler equation in open economies," CAMA Working Papers 2020-07, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• 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 017856, Universidad Nacional de Colombia -FCE - CID.
• Jaanika Merikull & Tairi Room, 2019. "Are survey data underestimating the inequality of wealth?," Bank of Estonia Working Papers wp2019-05, Bank of Estonia, revised 29 Oct 2019.
• Rui Mano & Silvia Sgherri, 2020. "One Shock, Many Policy Responses," IMF Working Papers 20/10, International Monetary Fund.
• David J Hofman & Marcos d Chamon & Pragyan Deb & Thomas Harjes & Umang Rawat & Itaru Yamamoto, 2020. "Intervention Under Inflation Targeting--When Could It Make Sense?," IMF Working Papers 20/9, International Monetary Fund.
• Schwandt, Hannes & Wachter, Till von, 2020. "Socioeconomic Decline and Death: Midlife Impacts of Graduating in a Recession," IZA Discussion Papers 12908, Institute of Labor Economics (IZA).
• Christos Pierros, 2020. "A Labor Market-Augmented Empirical Stock-Flow Consistent Model Applied to the Greek Economy," Economics Working Paper Archive wp_949, Levy Economics Institute.
• Aditya Goenka & Saqib Jafarey & William Pouliot, 2019. "Pollution, Mortality and Time Consistent Abatement Taxes," Discussion Papers 19-12, Department of Economics, University of Birmingham.
• Alexander Bick & Adam Blandin & Richard Rogerson, 2020. "Hours and Wages," NBER Working Papers 26722, National Bureau of Economic Research, Inc.
• Picón Aguilar, Carmen & Soares, Rodrigo Oliveira & Adalid, Ramón, 2020. "Revisiting the monetary presentation of the euro area balance of payments," Occasional Paper Series 238, European Central Bank.
• 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 2019-038, Indira Gandhi Institute of Development Research, Mumbai, India.