Report NEP-MAC-2020-03-23

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:

• Petr Polak & Jiri Panos, 2019, "The Impact of Expectations on IFRS 9 Loan Loss Provisions," Research and Policy Notes, Czech National Bank, Research and Statistics Department, number 2019/03, Dec.
• Narayana R. Kocherlakota, 2020, "21st Century Macro," NBER Working Papers, National Bureau of Economic Research, Inc, number 26791, Feb.
• Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020, "Asset Prices and Unemployment Fluctuations," Staff Report, Federal Reserve Bank of Minneapolis, number 591, Jan, DOI: 10.21034/sr.591.
• Fabio Massimo Piersanti & Patrizio Tirelli, 2020, "Endogenous Productivity Dynamics in a Two-Sector Business Cycle Model," Working Papers, University of Milano-Bicocca, Department of Economics, number 434, Feb, revised Feb 2020.
• Shekhar Hari Kumar & Aakriti Mathur, 2020, "A fistful of dollars: Transmission of global funding shocks to EMs," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 04-2020, Feb, revised 08 Feb 2021.
• Christoph Boehm & Nitya Pandalai-Nayar, 2020, "Convex Supply Curves," NBER Working Papers, National Bureau of Economic Research, Inc, number 26829, Mar.
• Paul Hubert & Fabien Labondance, 2020, "Central Bank Tone and the Dispersion of Views within Monetary Policy Committees," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE), number 2020-02, Jan.
• Matthias Meier, 2020, "Supply Chain Disruptions, Time to Build, and the Business Cycle," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_160, Mar.
• Servaas Storm, 2019, "The Secular Stagnation of Productivity Growth," Working Papers Series, Institute for New Economic Thinking, number 108, Dec, DOI: 10.36687/inetwp108.
• Lucrezia Reichlin & Giovanni Ricco & Thomas Hasenzagl, 2020, "Financial Variables as Predictors of Real Growth Vulnerability," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE), number 2020-06, Feb.
• Martin F. Hellwig, 2020, "Dynamic Inefficiency and Fiscal Interventions in an Economy with Land and Transaction Costs," Discussion Paper Series of the Max Planck Institute for Behavioral Economics, Max Planck Institute for Behavioral Economics, number 2020_07, Mar, revised 17 May 2021.
• John Beirne, 2019, "Financial Cycles in Asset Markets and Regions," ADBI Working Papers, Asian Development Bank Institute, number 1052, Dec.
• Peter Bednarek & Daniel Marcel te Kaat & Chang Ma & Alessandro Rebucci, 2020, "Capital Flows, Real Estate, and Local Cycles: Evidence from German Cities, Banks, and Firms," NBER Working Papers, National Bureau of Economic Research, Inc, number 26820, Mar.
• Rybacki, Jakub, 2020, "Polish GDP Forecast Errors: A Tale of Ineffectiveness," MPRA Paper, University Library of Munich, Germany, number 98952, Jan.
• Neifar, Malika, 2020, "Employment-output elasticities determinants: case of cross-section from AMEE," MPRA Paper, University Library of Munich, Germany, number 98961, Mar.
• Michael D. Cai & Marco Del Negro & Edward P. Herbst & Ethan Matlin & Reca Sarfati & Frank Schorfheide, 2020, "Online Estimation of DSGE Models," NBER Working Papers, National Bureau of Economic Research, Inc, number 26826, Mar.
• Thorsten Drautzburg & Jesús Fernández-Villaverde & Pablo Guerrón-Quintana, 2020, "Bargaining Shocks and Aggregate Fluctuations," Working Papers, Federal Reserve Bank of Philadelphia, number 20-11, Mar, DOI: 10.21799/frbp.wp.2020.11.
• Hanming Fang & Yongqin Wang & Xian Wu, 2020, "The Collateral Channel of Monetary Policy: Evidence from China," NBER Working Papers, National Bureau of Economic Research, Inc, number 26792, Feb.
• Hardik A. Marfatia & Rangan Gupta & Keagile Lesame, 2020, "Dynamic Impact of Unconventional Monetary Policy on International REITs," Working Papers, University of Pretoria, Department of Economics, number 202020, Feb.
• Adam M. Guren & Alisdair McKay & Emi Nakamura & Jón Steinsson, 2020, "Housing Wealth Effects: The Long View," Staff Report, Federal Reserve Bank of Minneapolis, number 593, Jan, DOI: 10.21034/sr.593.
• Chung, Federico & Purkey, Liam & Solis-Garcia, Mario, 2020, "Measuring the size of the shadow economy using a dynamic general equilibrium model with trends: a new dataset," MPRA Paper, University Library of Munich, Germany, number 98963, Feb.
• Kenneth D. Garbade, 2011, "Will “Quantitative Easing” Trigger Inflation?," Liberty Street Economics, Federal Reserve Bank of New York, number 20110608, Jun.
• Jordi Galí, 2020, "Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations," NBER Working Papers, National Bureau of Economic Research, Inc, number 26796, Feb.
• M.Ayhan Kose & Peter S. O. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020, "Can this time be different? Policy options in times of rising debt," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-23, Mar.
• Jongrim Ha & M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2020, "Global Macro-Financial Cycles and Spillovers," NBER Working Papers, National Bureau of Economic Research, Inc, number 26798, Feb.
• Younus, Rijja Ali & Yucel, Eray, 2020, "Exchange Rate Pass-Through in Pakistan," MPRA Paper, University Library of Munich, Germany, number 98955, Mar.
• Carlos Carvalho & Stefano Eusepi & Emanuel Moench & Bruce Preston, 2020, "Anchored inflation expectations," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-25, Mar.
• Francesco D’Acunto & Ulrike Malmendier & Michael Weber, 2020, "Gender Roles and the Gender Expectations Gap," NBER Working Papers, National Bureau of Economic Research, Inc, number 26837, Mar.
• Efraim Benmelech & Nitish Kumar & Raghuram Rajan, 2020, "The Secured Credit Premium and the Issuance of Secured Debt," NBER Working Papers, National Bureau of Economic Research, Inc, number 26799, Feb.
• Firmin Doko Tchatoka & Lauren Slinger & Virginie Masson, 2020, "Revisiting empirical studies on the liquidity effect: An identication-robust approach," School of Economics and Public Policy Working Papers, University of Adelaide, School of Economics and Public Policy, number 2020-02, Feb.
• Jonathan McCarthy, 2014, "The Slow Recovery in Consumer Spending," Liberty Street Economics, Federal Reserve Bank of New York, number 20140806, Aug.
• André Icard & Philip Turner, 2019, "Managing Global Liquidity as a Global Public Good. A Report of an RTI Working Party," Working Papers, Robert Triffin International, number 1293, Dec.
• Neifar, Malika, 2020, "Employment-output elasticities determinants: is there difference between Francophone and Anglophone countries from AMEE ?," MPRA Paper, University Library of Munich, Germany, number 98966, Mar.
• Charles R. Hulten & Leonard I. Nakamura, 2020, "Expanded GDP for Welfare Measurement in the 21st Century," Working Papers, Federal Reserve Bank of Philadelphia, number 20-10, Mar, DOI: 10.21799/frbp.wp.2020.10.
• Emily Eisner & Antoine Martin & Ylva Søvik, 2016, "Standard Elements of a Monetary Policy Implementation Framework," Liberty Street Economics, Federal Reserve Bank of New York, number 20160201, Feb.
• Jonathan McCarthy, 2011, "Discretionary Services Expenditures in This Business Cycle," Liberty Street Economics, Federal Reserve Bank of New York, number 20110706, Jul.
• Cristina Fernández, 2019, "Empleo y emprendimiento en Bogotá," Informes de Investigación, Fedesarrollo, number 17931, Oct.
• Helene Lee & Asani Sarkar, 2017, "Counterparty and Collateral Policies of Central Bank Lending Facilities," Liberty Street Economics, Federal Reserve Bank of New York, number 20170816, Aug.
• M. Ayhan Kose & Franziska Ohnsorge & Naotaka Sugawara, 2020, "Benefits and Costs of Debt: The Dose Makes the Poison," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 2006, Mar.
• Rice, Jonathan, 2020, "Economic Policy Uncertainty in Small Open Economies: a Case Study in Ireland," Research Technical Papers, Central Bank of Ireland, number 01/RT/20, Jan.
• Xiao, Bowen & Guo, Xiaodan & Fan, Ying & Voigt, Sebastian & Cui, Lianbiao, 2020, "Climate policies under dynamic international economic cycles: A heterogeneous countries DSGE model," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 20-011.
• Jan J. J. Groen & Menno Middeldorp, 2013, "Creating a History of U.S. Inflation Expectations," Liberty Street Economics, Federal Reserve Bank of New York, number 20130821, Aug.
• Tomoyuki Nakajima & Shuhei Takahashi, 2020, "On the Non-Existence of a Zero-Tax Steady State with Incomplete Asset Markets," KIER Working Papers, Kyoto University, Institute of Economic Research, number 1025, Mar.
• Deborah Leonard & Antoine Martin & Jennifer Wolgemuth, 2017, "A Closer Look at the Fed’s Balance Sheet Accounting," Liberty Street Economics, Federal Reserve Bank of New York, number 20170804, Aug.
• David O. Lucca & Ernst Schaumburg, 2011, "What to Make of Market Measures of Inflation Expectations?," Liberty Street Economics, Federal Reserve Bank of New York, number 20110815, Aug.
• Exler, Florian & Tertilt, Michèle, 2020, "Consumer Debt and Default: A Macro Perspective," IZA Discussion Papers, IZA Network @ LISER, number 12966, Feb.
• Ha,Jongrim & Kose,Ayhan & Ohnsorge,Franziska Lieselotte, 2019, "Understanding Inflation in Emerging and Developing Economies," Policy Research Working Paper Series, The World Bank, number 8761, Feb.
• Cristina Arellano & Yan Bai & Gabriel Mihalache, 2020, "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Staff Report, Federal Reserve Bank of Minneapolis, number 592, Jan, DOI: 10.21034/sr.592.
• Jordi Galí, 2020, "Uncovered Interest Parity, Forward Guidance, and the Exchange Rate," NBER Working Papers, National Bureau of Economic Research, Inc, number 26797, Feb.
• Nóbrega, Valter, 2020, "Optimal Taxation and Investment-Specific Technological Change," MPRA Paper, University Library of Munich, Germany, number 98917, Jan.
• Helene Lee & Asani Sarkar, 2018, "Is Stigma Attached to the European Central Bank's Marginal Lending Facility?," Liberty Street Economics, Federal Reserve Bank of New York, number 20180416, Apr.
• John C. Haltiwanger & James R. Spletzer, 2020, "Between Firm Changes in Earnings Inequality: The Dominant Role of Industry Effects," NBER Working Papers, National Bureau of Economic Research, Inc, number 26786, Feb.
• Perry Mehrling, 2020, "Payment vs. Funding: The Law of Reflux for Today," Working Papers Series, Institute for New Economic Thinking, number 113, Jan, DOI: 10.36687/inetwp113.
• Antoine Martin & Sam Schulhofer-Wohl, 2018, "How Do the Fed's MBS Holdings Affect the Economy?," Liberty Street Economics, Federal Reserve Bank of New York, number 20180808, Aug.
• Gara Afonso, 2012, "Why (or Why Not) Keep Paying Interest on Excess Reserves?," Liberty Street Economics, Federal Reserve Bank of New York, number 20121203, Dec.
• Alexius, Annika & Lundholm, Michael & Nielsen, Linnea, 2020, "Is the Phillips curve dead? International evidence," Research Papers in Economics, Stockholm University, Department of Economics, number 2020:1, Mar.
• Nina Boyarchenko & Sooji Kim & Matthew Plosser, 2015, "The Effect of Fed Funds Rate Hikes on Consumer Borrowing Costs," Liberty Street Economics, Federal Reserve Bank of New York, number 20151221, Dec.
• Mark Harris & Hervé Le Bihan & Patrick Sevestre, 2020, "Identifying Price Reviews by Firms: An Econometric Approach," Post-Print, HAL, number hal-02417497, Mar, DOI: 10.1111/jmcb.12675.
• Maxim L. Pinkovskiy, 2015, "A Discussion of Thomas Piketty's Capital in the Twenty-First Century: Does More Capital Increase Inequality?," Liberty Street Economics, Federal Reserve Bank of New York, number 20150715, Jul.
• Alexander Dobrinevski & Raphaël Jachnik, 2020, "Exploring options to measure the climate consistency of real economy investments: The manufacturing industries of Norway," OECD Environment Working Papers, OECD Publishing, number 159, Mar, DOI: 10.1787/1012bd81-en.
• Giovanni Dosi & Richard B. Freeman & Marcelo C. Pereira & Andrea Roventini & Maria Enrica Virgillito, 2020, "The Impact of Deunionization on the Growth and Dispersion of Productivity and Pay," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE), number 2020-05, Feb.
• Dean Corbae & Pablo D'Erasmo, 2020, "Rising Bank Concentration," Staff Report, Federal Reserve Bank of Minneapolis, number 594, Mar, DOI: 10.21034/sr.594.
• Greg Kaplan & Piotr Zoch, 2020, "Markups, Labor Market Inequality and the Nature of Work," NBER Working Papers, National Bureau of Economic Research, Inc, number 26800, Feb.
• Emily Eisner & Antoine Martin & Ylva Søvik, 2016, "How Do Central Bank Balance Sheets Change in Times of Crisis?," Liberty Street Economics, Federal Reserve Bank of New York, number 20160204, Feb.
• Kenneth D. Garbade & James J. McAndrews, 2015, "Interest-Bearing Securities When Interest Rates are Below Zero," Liberty Street Economics, Federal Reserve Bank of New York, number 20150504, May.
• Kyle F. Herkenhoff & Gordon Phillips, 2020, "How Does Credit Access Affect Job-Search Outcomes and Sorting?," Liberty Street Economics, Federal Reserve Bank of New York, number 20200304d, Mar.
• Bihong Huang & Maria Teresa Punzi & Yu Wu, 2019, "Do Banks Price Environmental Risk? Evidence from a Quasi Natural Experiment in the People’s Republic of China," ADBI Working Papers, Asian Development Bank Institute, number 974, Jul.
• de Pedraza, Pablo & Guzi, Martin & Tijdens, Kea, 2020, "Life Satisfaction of Employees, Labour Market Tightness and Matching Efficiency," IZA Discussion Papers, IZA Network @ LISER, number 12961, Feb.
• Rabhi, Ayoub & Haoudi, Amina, 2020, "Pré-évaluation de la participation du Maroc à l’union monétaire de la CEDEAO
  [Pre-assessment of Morocco's participation in the ECOWAS monetary union]," MPRA Paper, University Library of Munich, Germany, number 98978.
• Yueran Ma & Tiziano Ropele & David Sraer & David Thesmar, 2020, "A Quantitative Analysis of Distortions in Managerial Forecasts," NBER Working Papers, National Bureau of Economic Research, Inc, number 26830, Mar.
• Peter Bauer & Igor Fedotenkov & Aurelien Genty & Issam Hallak & Peter Harasztosi & David Martinez Turegano & David Nguyen & Nadir Preziosi & Ana Rincon-Aznar & Miguel Sanchez Martinez, 2020, "Productivity in Europe: Trends and drivers in a service-based economy," JRC Research Reports, Joint Research Centre, number JRC119785, Mar.
• Ryo Kato & Takayuki Tsuruga, 2020, "Pecuniary Externalities, Bank Overleverage, and Macroeconomic Fragility," ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka, number 1078, Mar.
• Coibion, Olivier & Georgarakos, Dimitris & Gorodnichenko, Yuriy & Weber, Michael, 2020, "Forward Guidance and Household Expectations," IZA Discussion Papers, IZA Network @ LISER, number 12979, Feb.
• Michael Abrahams, 2012, "Federal Reserve Liquidity Facilities Gross $22 Billion for U.S. Taxpayers," Liberty Street Economics, Federal Reserve Bank of New York, number 20121107, Nov.
• Matthieu Lemoine & Harri Turunen & Mohammed Chahad & Antoine Lepetit & Anastasia Zhutova & Pierre Aldama & Pierrick Clerc & Jean-Pierre Laffargue, 2019, "The FR-BDF Model and an Assessment of Monetary Policy Transmission in France, Working Paper Series no. 736, Banque de France," Working Papers, HAL, number hal-02400611, Oct.
• Jason Bram & James A. Orr, 2011, "New York City’s Economic Recovery—Main Street Gets the Jump on Wall Street," Liberty Street Economics, Federal Reserve Bank of New York, number 20110502, May.
• Donald P. Morgan, 2012, "Is the 2005 Bankruptcy Reform Working?," Liberty Street Economics, Federal Reserve Bank of New York, number 20120604, Jun.
• Jeffrey Levine & Asani Sarkar, 2019, "Large Bank Cash Balances and Liquidity Regulations," Liberty Street Economics, Federal Reserve Bank of New York, number 20190715, Jul.
• Glyn Wittwer, 2020, "Estimating the Regional Economic Impacts of the 2017 to 2019 Drought on NSW and the Rest of Australia," Centre of Policy Studies/IMPACT Centre Working Papers, Victoria University, Centre of Policy Studies/IMPACT Centre, number g-297, Mar.
• Hunter L. Clark & Thomas Klitgaard, 2018, "Will Demographic Headwinds Hobble China's Economy?," Liberty Street Economics, Federal Reserve Bank of New York, number 20180815, Aug.
• Guglielmo Maria Caporale & Woo-Young Kang & Fabio Spagnolo & Nicola Spagnolo, 2020, "Cyber-Attacks, Cryptocurrencies, and Cyber Security," CESifo Working Paper Series, CESifo, number 8124.
• Anqi Chen & Wenliang Hou & Alicia H. Munnell, 2020, "Why Do Late Boomers Have So Little Retirement Wealth?," Issues in Brief, Center for Retirement Research, number 2020-4, Mar.
• Sinem Kilic Celik & M.Ayhan Kose & Franziska L. Ohnsorge, 2020, "Subdued potential growth: Sources and remedies," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-24, Mar.
• Edmond Berisha & David Gabauer & Rangan Gupta & Chi Keung Marco Lau, 2020, "Time-Varying Influence of Household Debt on Inequality in United Kingdom," Working Papers, University of Pretoria, Department of Economics, number 202017, Feb.
• Tobias Adrian & Michael J. Fleming & Or Shachar, 2017, "Market Liquidity after the Financial Crisis," Liberty Street Economics, Federal Reserve Bank of New York, number 20170628, Jun.
• Bruno Ducoudré & Paul Hubert & Guilhem Tabarly, 2020, "The state-dependence of output revisions," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE), number 2020-04, Jan.
• Javier G. Gómez-Pineda, 2018, "Volatility Spillovers and the Global Financial Cycle Across Economies: Evidence from a Global Semi-Structural Model," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 13-2018, Oct, revised 03 Mar 2020.
• María I. Agudelo & Camila V. Moreno, 2019, "Institucionalidad del financiamiento agropecuario," Informes de Investigación, Fedesarrollo, number 17933, Sep.
• Robert J. Shiller, 2020, "Popular Economic Narratives Advancing the Longest U.S. Economic Expansion 2009-2019," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2223, Mar.
• Giovanni Mandras & Andrea Conte & Simone Salotti, 2020, "An Input-Output sectorial analysis of North Macedonia," JRC Research Reports, Joint Research Centre, number JRC119971, Feb.
• Kyriacou, Andreas P. & Okabe, Tomohito & 岡部, 智人 & Roca-Sagalés, Oriol, 2020, "Conditional Political Budget Cycles: A Reconsideration of the Role of Economic Development," Discussion Paper Series, Institute of Economic Research, Hitotsubashi University, number 709, Mar.
• Antoine Martin & Patricia C. Mosser & Julie Remache, 2016, "Implementing Monetary Policy Post-Crisis: What Do We Need to Know?," Liberty Street Economics, Federal Reserve Bank of New York, number 20160715, Jul.
• Santos, Mariana, 2020, "The impact of labor income tax progressivity on the fiscal multipliers in the context of fiscal consolidation programs," MPRA Paper, University Library of Munich, Germany, number 98736, Jan.
• Thomas Klitgaard, 2013, "Japan’s Missing Wall of Money," Liberty Street Economics, Federal Reserve Bank of New York, number 20131104, Nov.
• Item repec:imf:imfwpa:20/35 is not listed on IDEAS anymore

• Jeffrey Levine & Asani Sarkar, 2019, "How Do Large Banks Manage Their Cash?," Liberty Street Economics, Federal Reserve Bank of New York, number 20190717, Jul.
• Christine Laudenbach & Ulrike Malmendier & Alexandra Niessen-Ruenzi, 2020, "The Long-lasting Effects of Living under Communism on Attitudes towards Financial Markets," NBER Working Papers, National Bureau of Economic Research, Inc, number 26818, Mar.
• Bloom, David E. & Fan, Victoria Y. & Kufenko, Vadim & Ogbuoji, Osondu & Prettner, Klaus & Yamey, Gavin, 2020, "Going Beyond GDP with a Parsimonious Indicator: Inequality-Adjusted Healthy Lifetime Income," IZA Discussion Papers, IZA Network @ LISER, number 12963, Feb.
• Niklas Potrafke, 2020, "General or Central Government? Empirical Evidence on Political Cycles in Budget Composition Using New Data for OECD Countries," CESifo Working Paper Series, CESifo, number 8134.

Report NEP-MAC-2020-03-23

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: