Report NEP-MAC-2020-03-16

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:

• Jacopo Bonchi, 2020, "Natural Interest Rate and Asset Price Bubbles: How Bubbles Counteract Low Interest Rates," Working Papers, Sapienza University of Rome, DISS, number 3/20, Feb.
• Omotosho, Babatunde S. & Tumala, Mohammed M., 2019, "A Text Mining Analysis of Central Bank Monetary Policy Communication in Nigeria," MPRA Paper, University Library of Munich, Germany, number 98850.
• Charles Abuka & Ronnie K. Alinda & Camelia Minoiu & José-Luis Peydró & Andrea F. Presbitero, 2018, "Monetary policy and bank lending in developing countries: loan applications, rates, and real effects," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1703, Nov.
• Jorge Miranda-Pinto & Daniel P. Murphy & Kieran Walsh & Eric Young, 2020, "Saving Constraints, Debt, and the Credit Market Response to Fiscal Stimulus," Working Papers, Federal Reserve Bank of Cleveland, number 20-07, Feb, DOI: 10.26509/frbc-wp-202007.
• Item repec:msl:workng:1017 is not listed on IDEAS anymore

• Levy, Daniel & Mayer, Tamir & Raviv, Alon, 2020, "Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers," MPRA Paper, University Library of Munich, Germany, number 98785, Feb.
• Pascal Paul, 2020, "Banks, Maturity Transformation, and Monetary Policy," Working Paper Series, Federal Reserve Bank of San Francisco, number 2020-07, Feb, DOI: 10.24148/wp2020-07.
• Michael D. Bauer & Eric T. Swanson, 2020, "The Fed's Response to Economic News Explains the “Fed Information Effect”," Working Paper Series, Federal Reserve Bank of San Francisco, number 2020-06, Feb, DOI: 10.24148/wp2020-06.
• Ruan Erasmus & Hylton Hollander, 2020, "A Forward Guidance Indicator For The South African Reserve Bank: Implementing A Text Analysis Algorithm," Working Papers, Stellenbosch University, Department of Economics, number 04/2020.
• Oleksandr Faryna & Tho Pham & Oleksandr Talavera & Andriy Tsapin, 2020, "Wage Setting and Unemployment: Evidence from Online Job Vacancy Data," Economics Discussion Papers, Department of Economics, University of Reading, number em-dp2020-02, Mar.
• Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020, "Asset Prices and Unemployment Fluctuations," Working Papers, Federal Reserve Bank of Cleveland, number 20-10, Mar, DOI: 10.26509/frbc-wp-202010.
• Anttonen, Jetro & Lehmus, Markku & Vihriälä, Vesa, 2020, "Weak Economic Conditions and the Objective of the Government Programme," ETLA Brief, The Research Institute of the Finnish Economy, number 86, Mar.
• Richard K. Crump & Stefano Eusepi, 2016, "What Drives Forecaster Disagreement about Monetary Policy?," Liberty Street Economics, Federal Reserve Bank of New York, number 20160815, Aug.
• Item repec:ris:msuecw:2020_006 is not listed on IDEAS anymore

• Eiji Goto & Constantin Bürgi, 2020, "Sectoral Okun's Law and Cross-Country Cyclical Differences," CESifo Working Paper Series, CESifo, number 8101.
• Jesús Fernández-Villaverde & Pablo A. Guerrón-Quintana, 2020, "Uncertainty Shocks and Business Cycle Research," NBER Working Papers, National Bureau of Economic Research, Inc, number 26768, Feb.
• Marco Del Negro & Marc Giannoni & Micah Smith, 2016, "The Macro Effects of the Recent Swing in Financial Conditions," Liberty Street Economics, Federal Reserve Bank of New York, number 20160525, May.
• Fonseca, Miguel, 2020, "Fiscal Consolidations: Welfare Effects of the Adjustment Speed," MPRA Paper, University Library of Munich, Germany, number 98902, Jan, revised 02 Mar 2020.
• Argia M. Sbordone & Sara Shahanaghi, 2015, "How Much Do Inflation Expectations Matter for Inflation Dynamics?," Liberty Street Economics, Federal Reserve Bank of New York, number 20150923, Sep.
• Daphne Chen & Fatih Guvenen & Gueorgui Kambourov & Burhanettin Kurusçu & Sergio Ocampo, 2019, "Use it or Lose it: Efficiency Gains from Wealth Taxation," Working Papers, Federal Reserve Bank of Minneapolis, number 764, Sep, DOI: 10.21034/wp.764.
• Mehdi El Herradi & Aurelien Leroy, 2020, "Monetary policy and the top one percent: Evidence from a century of modern economic history," Working Papers, ECINEQ, Society for the Study of Economic Inequality, number 519, Jan.
• Kazumichi Iwasa & Kazuo Nishimaura, 2020, "Time Preference and International Trade," Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University, number DP2020-10, Feb.
• Gara Afonso & Marco Cipriani & Adam Copeland & Anna Kovner & Gabriele La Spada & Antoine Martin, 2020, "The Market Events of Mid-September 2019," Staff Reports, Federal Reserve Bank of New York, number 918, Mar.
• Christian Breuer & Chang Woon Nam, 2020, "Fiscal Consolidation and the Current Account: OECD Evidence," CESifo Working Paper Series, CESifo, number 8071.
• Item repec:imf:imfscr:20/39 is not listed on IDEAS anymore

• Pedro Brinca & Bruno Freitas & Margarida Mano, 2020, "Labor Share Heterogeneity and Fiscal Consolidation Programs," CeBER Working Papers, Centre for Business and Economics Research (CeBER), University of Coimbra, number 2020-04, Apr.
• Raquel Fonseca & Simon Lord & Simon C. Parker, 2020, "Self-Employment at Older Ages in Canada," CIRANO Working Papers, CIRANO, number 2020s-11, Feb.
• James J. McAndrews & Donald P. Morgan & James Vickery, 2012, "What’s Driving Up Money Growth?," Liberty Street Economics, Federal Reserve Bank of New York, number 20120523, May.
• Gianluca Benigno & Luca Fornaro, 2019, "The Keynesian Growth Approach to Macroeconomic Policy and Productivity," Liberty Street Economics, Federal Reserve Bank of New York, number 20190401, Apr.
• Balduzzi, Pierluigi & Brancati, Emanuele & Brianti, Marco & Schiantarelli, Fabio, 2020, "Populism, Political Risk and the Economy: Lessons from Italy," IZA Discussion Papers, IZA Network @ LISER, number 12929, Jan.
• Ha, Jongrim & Kose, M. Ayhan & Otrok, Christopher & Prasad, Eswar, 2020, "Global Macro-Financial Cycles and Spillovers," IZA Discussion Papers, IZA Network @ LISER, number 13000, Feb.
• Jongrim Ha & M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2020, "Global Macro-Financial Cycles and Spillovers," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 2004, Mar.
• Vito Polito, 2020, "Nonlinear Business Cycle and Optimal Policy: A VSTAR Perspective," CESifo Working Paper Series, CESifo, number 8060.
• Jan J. J. Groen & Patrick Russo, 2015, "The Myth of First-Quarter Residual Seasonality," Liberty Street Economics, Federal Reserve Bank of New York, number 20150608a, Jun.
• Efayena, Obukohwo Oba & Olele, Hilda Enoh, 2020, "A Validation of the Phillips Curve Hypothesis in Nigeria: A Quarterly Data-Based Approach," MPRA Paper, University Library of Munich, Germany, number 98804, Feb.
• Karsten Kohler & Engelbert Stockhammer, 2020, "Growing differently? Financial cycles, austerity, and competitiveness in growth models since the Global Financial Crisis," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2008, Mar.
• Helene Lee & Asani Sarkar, 2017, "The Role of Central Bank Lending Facilities in Monetary Policy," Liberty Street Economics, Federal Reserve Bank of New York, number 20170630, Jun.
• Tanaka, Yasuhito, 2020, "非分割的な労働供給のもとでの非自発的失業の存在 - 単純な世代重複完全競争モデルによって -
  [The existence of involuntary unemployment under indivisible labor supply - By simple overlapping perfect competition model -]," MPRA Paper, University Library of Munich, Germany, number 98904.
• Oliver Rehbein & Steven Ongena, 2020, "Flooded through the back door: The role of bank capital in local shock spillovers," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-07, Feb.
• AMAN, Moustapha, 2018, "Les sphères d’influence dans les régimes monétaires : l’expérience de la Corne de l’Afrique (1860-1950)
  [Spheres of influence in monetary regimes: the experience of the Horn of Africa (1860-1950)]," MPRA Paper, University Library of Munich, Germany, number 98815, Dec.
• Emil Verner & Győző Gyöngyösi, 2020, "Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2020/2.
• Seon Tae Kim & Alessandro Marchesiani, 2020, "Market Intelligence Gathering and Money Demand," Working Papers, University of Liverpool, Department of Economics, number 202004, Feb.
• Gara Afonso & Fabiola Ravazzolo & Alessandro Zori, 2019, "From Policy Rates to Market Rates—Untangling the U.S. Dollar Funding Market," Liberty Street Economics, Federal Reserve Bank of New York, number 20190708, Jul.
• Markus Heinrich & Magnus Reif, 2020, "Real-Time Forecasting Using Mixed-Frequency VARS with Time-Varying Parameters," CESifo Working Paper Series, CESifo, number 8054.
• Tanaka, Yasuhito, 2020, "非自発的失業の存在 - 単純な世代重複完全競争モデルによって -
  [The existence of unemployment - By a simple overlapping generations perfect competition model -]," MPRA Paper, University Library of Munich, Germany, number 98905.
• Boriss Siliverstovs & Daniel Wochner, 2020, "Recessions as Breadwinner for Forecasters State-Dependent Evaluation of Predictive Ability: Evidence from Big Macroeconomic US Data," Working Papers, Latvijas Banka, number 2020/02, Feb.
• Jonathan McCarthy, 2017, "Discretionary Services Spending Has Finally Made It Back (to 2007)," Liberty Street Economics, Federal Reserve Bank of New York, number 20171016, Oct.
• Huidrom,Raju & Kose,Ayhan & Lim,Jamus Jerome & Ohnsorge,Franziska Lieselotte, 2019, "Why Do Fiscal Multipliers Depend on Fiscal Positions?," Policy Research Working Paper Series, The World Bank, number 8784, Mar.
• Sun, Lixin, 2019, "China’s Debt Revisited," MPRA Paper, University Library of Munich, Germany, number 98796, Dec.
• Florian Exler & Michèle Tertilt, 2020, "Consumer Debt and Default: A Macro Perspective," CESifo Working Paper Series, CESifo, number 8105.
• Hanming Fang & Yongqin Wang & Xian Wu, 2020, "The Collateral Channel of Monetary Policy: Evidence from China," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 20-008, Feb.
• Renee Fry-McKibbin & Rodrigo da Silva Souza, 2020, "Disentangling commodity demand, commodity supply, and international liquidity shocks on an emerging market," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-18, Feb.
• Radek Šauer, 2020, "Rotemberg and Imperfect Common Knowledge: A Solution Algorithm," CESifo Working Paper Series, CESifo, number 8098.
• Ozge Akinci & Albert Queraltó, 2017, "Financial Crises and the Desirability of Macroprudential Policy," Liberty Street Economics, Federal Reserve Bank of New York, number 20170410, Apr.
• Jan J. J. Groen, 2014, "Global Asset Prices and Taper Tantrum Revisited," Liberty Street Economics, Federal Reserve Bank of New York, number 20141208, Dec.
• Laser, Falk Hendrik & Weidner, Jan, 2020, "Currency compositions of international reserves and the euro crisis," Darmstadt Discussion Papers in Economics, Darmstadt University of Technology, Department of Law and Economics, number 238, DOI: 10.25534/tuprints-00011471.
• Laura Lipscomb & Antoine Martin & Heather Wiggins, 2017, "Why Pay Interest on Required Reserve Balances?," Liberty Street Economics, Federal Reserve Bank of New York, number 20170925, Sep.
• Ha,Jongrim & Stocker,Marc & Yilmazkuday,Hakan, 2019, "Inflation and Exchange Rate Pass-Through," Policy Research Working Paper Series, The World Bank, number 8780, Mar.
• Linda S. Goldberg & David R. Skeie, 2011, "Why Did U.S. Branches of Foreign Banks Borrow at the Discount Window during the Crisis?," Liberty Street Economics, Federal Reserve Bank of New York, number 20110413, Apr.
• Andrejs Bessonovs & Olegs Krasnopjorovs, 2020, "Short-Term Inflation Projections Model and Its Assessment in Latvia," Working Papers, Latvijas Banka, number 2020/01, Jan.
• Jiri Panos & Petr Polak, 2019, "How to Improve the Model Selection Procedure in a Stress-testing Framework," Working Papers, Czech National Bank, Research and Statistics Department, number 2019/9, Dec.
• Ozge Akinci, 2016, "International Evidence on the Use and Effectiveness of Macroprudential Policies," Liberty Street Economics, Federal Reserve Bank of New York, number 20160518, May.
• Grömling, Michael & Hüther, Michael & Beznoska, Martin & Demary, Markus, 2020, "Wirtschaftspolitische Antworten auf die Corona-Krise: Liquidität hat Vorrang!," IW policy papers, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 4/2020.
• Nasir, Nur Alissa & Masih, Mansur, 2018, "Are the stock indices of FTSE Malaysia, China and USA causally linked together ?," MPRA Paper, University Library of Munich, Germany, number 98782, May.
• Antoine Martin & Sam Schulhofer-Wohl, 2018, "How Do the Fed's MBS Purchases Affect Credit Allocation?," Liberty Street Economics, Federal Reserve Bank of New York, number 20180806, Aug.
• Kankanamge, Sumudu & Gaillard, Alexandre, 2020, "Buying and Selling Entrepreneurial Assets," TSE Working Papers, Toulouse School of Economics (TSE), number 20-1078, Feb.
• Jean-Bernard Chatelain & Kirsten Ralf, 2020, "Ramsey Optimal Policy versus Multiple Equilibria with Fiscal and Monetary Interactions," Post-Print, HAL, number hal-02471593, Feb.
• Kose,Ayhan & Matsuoka,Hideaki & Panizza,Ugo G. & Vorisek,Dana Lauren, 2019, "Inflation Expectations : Review and Evidence," Policy Research Working Paper Series, The World Bank, number 8785, Mar.
• Olivier Coibion & Dimitris Georgarakos & Yuriy Gorodnichenko & Michael Weber, 2020, "Forward Guidance and Household Expectations," NBER Working Papers, National Bureau of Economic Research, Inc, number 26778, Feb.
• Michaelides, Panayotis G. & Tsionas, Efthymios G. & Konstantakis, Konstantinos N., 2018, "Debt dynamics in Europe: a network general equilibrium GVAR approach," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 86865, Aug.
• Richard Peach & Charles Steindel, 2017, "Low Productivity Growth: The Capital Formation Link," Liberty Street Economics, Federal Reserve Bank of New York, number 20170626, Jun.
• Selva Bahar Baziki & Tanju Capacioglu, 2020, "Bank Lending and Maturity: the Anatomy of the Transmission of Monetary Policy," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2005.
• Michael Fosco & Thomas Klitgaard, 2018, "Recycling Oil Revenue," Liberty Street Economics, Federal Reserve Bank of New York, number 20180514, May.
• Item repec:imf:imfscr:20/41 is not listed on IDEAS anymore

• M. Ayhan Kose & Franziska Ohnsorge, 2020, "Emerging and Developing Economies: Ten Years After the Global Recession," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 2005, Mar.
• Gregor Jarosch & Laura Pilossoph, 2016, "The Reluctance of Firms to Interview the Long-Term Unemployed," Liberty Street Economics, Federal Reserve Bank of New York, number 20160803, Aug.
• Gokmen, Gunes & Nannicini, Tommaso & Onorato, Massimiliano Gaetano & Papageorgiou, Chris, 2020, "Policies in Hard Times: Assessing the Impact of Financial Crises on Structural Reforms," IZA Discussion Papers, IZA Network @ LISER, number 12932, Jan.
• Mariño-Martínez, Ricardo & León, Carlos & Cadena-Silva, Carlos, 2020, "Las entidades de contrapartida central en la mitigación del riesgo de contraparte y de liquidez: El caso de los derivados cambiarios en Colombia," Working papers, Red Investigadores de Economía, number 33, Mar.
• James B. Bullard, 2019, "The FOMC’s Substantial Turn during 2019," Speech, Federal Reserve Bank of St. Louis, number 87538, Nov.
• Gimenez-Nadal, José Ignacio & Molina, José Alberto & Velilla, Jorge, 2020, "Short- vs Long-Term Intergenerational Correlations of Employment and Self-Employment in Europe," IZA Discussion Papers, IZA Network @ LISER, number 12933, Jan.
• Jason Bram & James A. Orr, 2011, "The Great Recession and Recovery in the Tri-State Region," Liberty Street Economics, Federal Reserve Bank of New York, number 20110509b, May.
• Emily Eisner & Antoine Martin & Ylva Søvik, 2016, "What Is the Composition of Central Bank Balance Sheets in Normal Times?," Liberty Street Economics, Federal Reserve Bank of New York, number 20160203, Feb.
• Jason Bram & James A. Orr, 2013, "States Are Recovering Lost Jobs at Surprisingly Similar Rates," Liberty Street Economics, Federal Reserve Bank of New York, number 20130626, Jun.
• Item repec:imf:imfscr:20/36 is not listed on IDEAS anymore

• Donald P. Morgan & James Narron, 2014, "Crisis Chronicles: The Crisis of 1816, the Year without a Summer, and Sunspot Equilibira," Liberty Street Economics, Federal Reserve Bank of New York, number 20141003, Oct.
• Ozge Akinci & Ryan Chahrour, 2018, "Good News, Leverage, and Sudden Stops," Liberty Street Economics, Federal Reserve Bank of New York, number 20180530, May.
• Nicola Pierri & Yannick Timmer, 2020, "Tech in Fin before FinTech: Blessing or Curse for Financial Stability?," CESifo Working Paper Series, CESifo, number 8067.
• Fatih Karahan & Brendan Moore & Laura Pilossoph, 2019, "Expecting the Unexpected: Job Losses and Household Spending," Liberty Street Economics, Federal Reserve Bank of New York, number 20190327, Mar.
• Item repec:imf:imfwpa:20/24 is not listed on IDEAS anymore

• Loretta J. Mester, 2020, "An Update on the U.S. Economy and the Federal Reserve’s Review of Its Monetary Policy Framework; 03.03.2020; The Society of Professional Economists, Annual Dinner, London, United Kingdom," Speech, Federal Reserve Bank of Cleveland, number 87587, Mar.
• Winfried Koeniger & Carlo Zanella, 2020, "Opportunity and Inequality across Generations," CESifo Working Paper Series, CESifo, number 8099.
• Item repec:imf:imfwpa:20/26 is not listed on IDEAS anymore

• Antoine Monserand, 2020, "A note on "zero growth and structural change in a post Keynesian growth model"," Post-Print, HAL, number hal-02453306, DOI: 10.1080/01603477.2019.1683866.
• Item repec:imf:imfscr:20/48 is not listed on IDEAS anymore

• Simplice A. Asongu & Paul N. Acha-Anyi, 2020, "Enhancing ICT for Productivity in Sub-Saharan Africa: Thresholds for Complementary Policies," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 20/008, Jan.
• Carsten A. Holz, 2020, "Understanding PRC Investment Statistics," CESifo Working Paper Series, CESifo, number 8110.
• Udi Joshua & Oladimeji M. Salami & Andrew A. Alola, 2020, "Toward the path of Economic Expansion in Nigeria: The Role of Trade Globalization," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 20/009, Jan.
• Patrick Lehnert & Michael Niederberger & Uschi Backes-Gellner & Eric Bettinger, 2020, "Proxying Economic Activity with Daytime Satellite Imagery: Filling Data Gaps Across Time and Space," Economics of Education Working Paper Series, University of Zurich, Department of Business Administration (IBW), number 0165, Mar, revised Sep 2022.
• Ursu, Ana, 2019, "Agrarian Economy and Rural Development - Realities and Perspectives for Romania," MPRA Paper, University Library of Munich, Germany, number 98745, Nov.
• Mogaji, Peter Kehinde, 2019, "Validity Assessments of International Parity in the ‘Ecozone’: Implications for Monetary Models of Exchange Rate Determination," MPRA Paper, University Library of Munich, Germany, number 98945, Jun.
• Jayasooriya, Sujith, 2020, "Movement of Exchange Rate on Balance-of-Payments Constrained Growth in South Asia: Panel ARDL," MPRA Paper, University Library of Munich, Germany, number 98733, Feb.

Report NEP-MAC-2020-03-16

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: