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.
• Robert Ulbricht & Ana Figueiredo & Isaac Baley, 2020. "Mismatch Cycles," Working Papers 1151, Barcelona 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 20-05, 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 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 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 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).
• Peter Zimmerman, 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 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 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 17856, 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.