Report NEP-MAC-2020-04-20

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:

• Rivolta, Giulia & Trecroci, Carmine, 2020. "Measuring the effects of U.S. uncertainty and monetary conditions on EMEs' macroeconomic dynamics," MPRA Paper 99403, University Library of Munich, Germany.
• Veronica Guerrieri & Guido Lorenzoni & Ludwig Straub & Iván Werning, 2020. "Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?," NBER Working Papers 26918, National Bureau of Economic Research, Inc.
• Schnabl, Gunther & Sonnenberg, Nils, 2020. "Monetary policy, financial regulation and financial stability: A comparison between the Fed and the ECB," Working Papers 166, University of Leipzig, Faculty of Economics and Management Science.
• Flora Budianto & Taisuke Nakata & Sebastian Schmidt, 2020. "Average inflation targeting and the interest rate lower bound," BIS Working Papers 852, Bank for International Settlements.
• Atif R. Mian & Ludwig Straub & Amir Sufi, 2020. "Indebted Demand," NBER Working Papers 26940, National Bureau of Economic Research, Inc.
• Stéphane Lhuissier & Benoit Mojon & Juan Rubio-Ramírez, 2020. "Does the liquidity trap exist?," BIS Working Papers 855, Bank for International Settlements.
• De Koning, Kees, 2020. "Rebuilding the U.S. economy after the corona virus pandemic: a new Home Equity Release Method (HERM)," MPRA Paper 99459, University Library of Munich, Germany.
• Omotosho, Babatunde S., 2020. "Central Bank Communication during Economic Recessions: Evidence from Nigeria," MPRA Paper 99655, University Library of Munich, Germany.
• Tweneboah Senzu, Emmanuel, 2020. "Theoretically proposed policy instrument to resolve the negative effect of inflation flow into a positive macroeconomic growth: the case of Sierra Leone economy," MPRA Paper 99402, University Library of Munich, Germany.
• Anna Cieslak & Annette Vissing-Jorgensen, 2020. "The Economics of the Fed Put," NBER Working Papers 26894, National Bureau of Economic Research, Inc.
• Moura, Alban, 2020. "Total factor productivity and the measurement of neutral technology," MPRA Paper 99357, University Library of Munich, Germany.
• Umlauft, Thomas, 2018. "Is Bitcoin Money? An Economic-Historical Analysis of Money, Its Functions and Its Prerequisites," MPRA Paper 99302, University Library of Munich, Germany, revised Aug 2018.
• Gasteiger, Emanuel & Grimaud, Alex, 2020. "Price setting frequency and the Phillips Curve," ECON WPS - Working Papers in Economic Theory and Policy 03/2020, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
• Eric Jondeau & Benoit Mojon & Jean-Guillaume Sahuc, 2020. "Bank Funding Cost and Liquidity Supply Regimes," BIS Working Papers 854, Bank for International Settlements.
• James S. Cloyne & Òscar Jordà & Alan M. Taylor, 2020. "Decomposing the Fiscal Multiplier," NBER Working Papers 26939, National Bureau of Economic Research, Inc.
• Busch, Christopher & Ludwig, Alexander, 2020. "Higher-order income risk over the business cycle," SAFE Working Paper Series 274, Leibniz Institute for Financial Research SAFE.
• Anand, Abhishek & Chakraborty, Lekha S, 2019. "Impact of Negative Interest Rate Policy on Emerging Asian markets: An Empirical Investigation," MPRA Paper 99426, University Library of Munich, Germany, revised 2020.
• Guihai Zhao, 2020. "Learning, Equilibrium Trend, Cycle, and Spread in Bond Yields," Staff Working Papers 20-14, Bank of Canada.
• Philipp Kirchner, 2020. "On shadow banking and fiÂ…nancial frictions in DSGE modeling," MAGKS Papers on Economics 202019, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Nikolay Hristov & Oliver Hülsewig & Johann Scharler, 2020. "Unconventional Monetary Policy Shocks in the Euro Area and the Sovereign-Bank Nexus," CESifo Working Paper Series 8178, CESifo.
• Javier Bianchi & Enrique G. Mendoza, 2020. "A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature," NBER Working Papers 26915, National Bureau of Economic Research, Inc.
• Nikita Céspedes Reynaga & N.R. Ramírez-Rondán, 2020. "Job finding and separation rates in an economy with high labor informality," Working Papers 166, Peruvian Economic Association.
• Ederer, Stefan & Rehm, Miriam, 2019. "Wealth inequality and aggregate demand," ifso working paper series 4, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
• Régis Barnichon & Geert Mesters, 2020. "A Sufficient Statistics Approach for Macro Policy Evaluation," Working Papers 1171, Barcelona School of Economics.
• Shantanu Bagchi & Juergen Jung, 2020. "Health Risk and the Welfare Effects of Social Security," Working Papers 2020-02, Towson University, Department of Economics, revised Jul 2022.
• Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph E. Stiglitz & Tania Treibich, 2020. "Rational Heuristics? Expectations and Behaviors in Evolving Economies with Heterogeneous Interacting Agents," NBER Working Papers 26922, National Bureau of Economic Research, Inc.
• Gabriel, Ricardo Duque & Pessoa, Ana Sofia, 2020. "Adopting the Euro: a synthetic control approach," MPRA Paper 99391, University Library of Munich, Germany.
• Emara, Noha & Ma, Jinpeng, 2019. "An Analysis of the Seasonal Cycle and the Business Cycle," MPRA Paper 99310, University Library of Munich, Germany.
• Gianluca Benigno & Andrew Foerster & Christopher Otrok & Alessandro Rebucci, 2020. "Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach," NBER Working Papers 26935, National Bureau of Economic Research, Inc.
• Atif R. Mian & Ludwig Straub & Amir Sufi, 2020. "The Saving Glut of the Rich," NBER Working Papers 26941, National Bureau of Economic Research, Inc.
• Jonas Dovern & Lena Sophia Müller & Klaus Wohlrabe, 2020. "How Do Firms Form Expectations of Aggregate Growth? New Evidence from a Large-Scale Business Survey," CESifo Working Paper Series 8179, CESifo.
• Dennery, Charles, 2019. "Monopsony with nominal rigidities: An inverted Phillips Curve," MPRA Paper 99636, University Library of Munich, Germany.
• Marco Bonomo & Carlos Carvalho & Oleksiy Kryvtsov & Sigal Ribon & Rodolfo Rigato, 2020. "Multi-Product Pricing: Theory and Evidence from Large Retailers in Israel," Staff Working Papers 20-12, Bank of Canada.
• Joseph Kopecky & Alan M. Taylor, 2020. "The Murder-Suicide of the Rentier: Population Aging and the Risk Premium," NBER Working Papers 26943, National Bureau of Economic Research, Inc.
• Zhenyu Gao & Michael Sockin & Wei Xiong, 2020. "Learning about the Neighborhood," NBER Working Papers 26907, National Bureau of Economic Research, Inc.
• Tanaka, Yasuhito, 2020. "Involuntary unemployment with divisible labor supply with a three-periods overlapping generations model under monopolistic competition," MPRA Paper 99354, University Library of Munich, Germany.
• Tursoy, Turgut & Mar'i, Muhammad, 2020. "Lead-lag and relationship between money growth and inflation in Turkey: New evidence from a wavelet analysis," MPRA Paper 99595, University Library of Munich, Germany.
• Thierry BETTI, 2020. "Fiscal transfers in a two-level fiscal framework: stabilizing properties according to the fiscal instrument," Working Papers of BETA 2020-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Yashin, Pete, 2020. "Virtual wealth is growing," MPRA Paper 99610, University Library of Munich, Germany.
• Ederer, Stefan & Mayerhofer, Maximilian & Rehm, Miriam, 2019. "Rich and ever richer: Differential returns across socio-economic groups," ifso working paper series 2, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
• Gianluca Cafiso, 2020. "The Loan Puzzle. A Study of Loans to Different Groups in the USA," CESifo Working Paper Series 8175, CESifo.
• Gern, Klaus-Jürgen & Hauber, Philipp & Kooths, Stefan & Stolzenburg, Ulrich, 2020. "World Economy Spring 2020 - World economy under strain," Kiel Institute Economic Outlook 63, Kiel Institute for the World Economy (IfW Kiel).
• Omoshoro-Jones, Oyeyinka Sunday & Bonga-Bonga, Lumengo, 2020. "Intra-regional spillovers from Nigeria and South Africa to the rest of Africa: New evidence from a FAVAR model," MPRA Paper 99514, University Library of Munich, Germany.
• Biécáková, Alena & Cortes, Guido Matias & Mazza, Jacopo, 2020. "Caught in the cycle: Economic conditions at enrollment and labor market outcomes of college graduates," CLEF Working Paper Series 19, Canadian Labour Economics Forum (CLEF), University of Waterloo.
• Lise Clain-Chamosset-Yvrard & Xavier Raurich & Thomas Seegmuller, 2020. "Are the liquidity and collateral roles of asset bubbles different?," AMSE Working Papers 2010, Aix-Marseille School of Economics, France.
• Polbin, Andrey, 2020. "Multivariate Unobserved Component Model for an Oil-exporting Economy: The Case of Russia," MPRA Paper 99381, University Library of Munich, Germany.
• Scott R. Baker & Nicholas Bloom & Steven J. Davis & Kyle J. Kost & Marco C. Sammon & Tasaneeya Viratyosin, 2020. "The Unprecedented Stock Market Impact of COVID-19," NBER Working Papers 26945, National Bureau of Economic Research, Inc.
• Blaise Gnimassoun & Isabelle Do Santos, 2020. "Robust structural determinants of public deficits in developing countries," Working Papers of BETA 2020-15, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Fabio Ghironi & Galip Kemal Ozhan, 2020. "Interest Rate Uncertainty as a Policy Tool," Staff Working Papers 20-13, Bank of Canada.
• Kris James Mitchener & Gary Richardson, 2020. "Contagion of Fear," CESifo Working Paper Series 8172, CESifo.
• Martin S. Eichenbaum & Sergio Rebelo & Mathias Trabandt, 2020. "The Macroeconomics of Epidemics," NBER Working Papers 26882, National Bureau of Economic Research, Inc.
• Mondolo, Jasmine, 2020. "Macro and microeconomic evidence on investment, factor shares, firm and labor dynamics in Italy and in Trentino," MPRA Paper 99138, University Library of Munich, Germany.
• Marco Ortiz & Gerardo Herrera, 2020. "Heterogeneous Credit Constraints and Optimal Monetary Policy," Working Papers 164, Peruvian Economic Association.
• Scott R. Baker & R.A. Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis, 2020. "How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic," NBER Working Papers 26949, National Bureau of Economic Research, Inc.
• Alvin Ang & Jeremaiah Opiniano, 2020. "Possible Economic Impacts of Falling Oil Prices, the Pandemic and the Looming Global Recession onto Overseas Filipinos and their Remittances," Department of Economics, Ateneo de Manila University, Working Paper Series 202005, Department of Economics, Ateneo de Manila University.
• Ozili, Peterson & Arun, Thankom, 2020. "Spillover of COVID-19: Impact on the Global Economy," MPRA Paper 99317, University Library of Munich, Germany.
• Epstein, Brendan & Mukherjee, Rahul & Finkelstein Shapiro, Alan & Ramnath, Shanthi, 2020. "Trends in aggregate employment, hours worked per worker, and the long-run labor wedge," MPRA Paper 99289, University Library of Munich, Germany.
• Blaise Gnimassoun & Isabelle Do Santos, 2020. "Régimes de change et soutenabilité des finances publiques dans les pays en développement," Working Papers of BETA 2020-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• David W. Berger & Kyle F. Herkenhoff & Simon Mongey, 2020. "An SEIR Infectious Disease Model with Testing and Conditional Quarantine," NBER Working Papers 26901, National Bureau of Economic Research, Inc.
• Uchida, Yuki & Ono, Tetsuo, 2020. "Political Economy of Taxation, Debt Ceilings, and Growth," MPRA Paper 99455, University Library of Munich, Germany.
• Evelina, Julius & Samuel, Nuugulu & Lukas Homateni, Julius, 2020. "Estimating the Economic Impact of COVID-19: A Case Study of Namibia," MPRA Paper 99641, University Library of Munich, Germany.
• Yashin, Pete, 2020. "Виртуальное Богатство Растет [Virtual wealth is growing]," MPRA Paper 99611, University Library of Munich, Germany.
• Behringer, Jan & van Treeck, Till, 2019. "The corporate sector and the current account," ifso working paper series 1, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
• Israel Garcia & Bernd Hayo, 2020. "Political Budget Cycles Revisited: Testing the Signalling Process," MAGKS Papers on Economics 202014, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Hoffmann, Mathias & Kliem, Martin & Krause, Michael & Moyen, Stephane & Sauer, Radek, 2020. "Rebalancing the euro area: Is wage adjustment in Germany the answer?," Discussion Papers 17/2020, Deutsche Bundesbank.
• Stefan Ederer & Armon Rezai, 2020. "Labour Markets in a Post-Keynesian Growth Model. The Effects of Endogenous Productivity Growth and Working Time Reduction," WIFO Working Papers 598, WIFO.
• Richard Blundell & Ran Gu & Soren Leth-Petersen & Hamish Low & Costas Meghir, 2019. "Durables and Lemons: Private Information and the Market for Cars," Economics Papers 2019-W10, Economics Group, Nuffield College, University of Oxford.
• Christopher Busch & Dirk Krueger & Alexander Ludwig & Irina Popova & Zainab Iftikhar, 2020. "Should Germany Have Built a New Wall? Macroeconomic Lessons from the 2015-18 Refugee Wave," Working Papers 1170, Barcelona School of Economics.
• Ivan Paya & David Peel & Konstantinos Georgalos, 2020. "On the Predictions of Cumulative Prospect Theory for Third and Fourth Order Preferences," Working Papers 293574809, Lancaster University Management School, Economics Department.
• Allan Wright & Patrice Borda, 2020. "Macroeconomic Fluctuations Under Natural Disaster Shocks in Central America and he Caribbean [DSGE-Cycles]," Working Papers hal-02532193, HAL.
• Orland, Andreas & Rostam-Afschar, Davud, 2020. "Flexible work arrangements and precautionary behaviour: Theory and experimental evidence," Hohenheim Discussion Papers in Business, Economics and Social Sciences 04-2020, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
• Sokolovskyi, Dmytro, 2020. "Is Race to the bottom is modeled as Prisoner's dilemma?," MPRA Paper 99404, University Library of Munich, Germany.
• Murach, Michael & Wagner, Helmut, 2019. "The effects of external shocks on the business cycle in China: A structural change perspective," CEAMeS Discussion Paper Series 1/2016, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), revised 2019.
• Francesco Lamperti & Valentina Bosetti & Andrea Roventini & Massimo Tavoni, 2019. "The public costs of climate-induced financial instability," LEM Papers Series 2019/42, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Vladimir Čavrak, 2020. "Makroekonomija krize COVID-19 i kako pristupiti njenom rješavanju," EFZG Working Papers Series 2003, Faculty of Economics and Business, University of Zagreb.
• Roel Beetsma & Oliwia Komada & Krzysztof Makarski & Joanna Tyrowicz, 2020. "The Political (In)Stability of Funded Pension Systems," CESifo Working Paper Series 8176, CESifo.
• Charles Yuji Horioka, 2020. "Does the Selfish Life-Cycle Model Apply in the Case of Japan?," Discussion Paper Series DP2020-14, Research Institute for Economics & Business Administration, Kobe University.
• Shalva Mkhatrishvili & Douglas Laxton & Davit Tutberidze & Tamta Sopromadze & Saba Metreveli & Lasha Arevadze & Tamar Mdivnishvili & Giorgi Tsutskiridze, 2019. "Solving non-linear dynamic models (more) efficiently: application to a simple monetary policy model," NBG Working Papers 012019, National Bank of Georgia.
• Icefield, William, 2020. "On treatment of interests, profits and equilibrium non-existence in general equilibrium models," MPRA Paper 99625, University Library of Munich, Germany.
• Ventura, Luigi & Yuji Horioka, Charles, 2020. "The Wealth Decumulation Behavior of the Retired Elderly in Italy: The Importance of Bequest Motives and Precautionary Saving," AGI Working Paper Series 2020-08, Asian Growth Research Institute.
• Fenoaltea, Stefano, 2020. "Reconstructing the Past: The New Expenditure-Side and Composition-Of-Investment Estimates for Italy, 1861–1913," MPRA Paper 99432, University Library of Munich, Germany.
• Seyed Mohammadreza Davoodalhosseini, 2020. "Optimal Taxation in Asset Markets with Adverse Selection," Staff Working Papers 20-11, Bank of Canada.
• Elie Gerschel & Alejandra Martinez & Isabelle Mejean, 2020. "Propagation of shocks in global value chains: the coronavirus case," Post-Print halshs-02515364, HAL.
• Fenoaltea, Stefano, 2020. "Reconstructing The Past: The New Production-Side Estimates For Italy, 1861–1913," MPRA Paper 99307, University Library of Munich, Germany.
• Andrew B. Abel & Stavros Panageas, 2020. "An Analytic Framework For Interpreting Investment Regressions In The Presence Of Financial Constraints," NBER Working Papers 26898, National Bureau of Economic Research, Inc.
• Titan Alon & Matthias Doepke & Jane Olmstead-Rumsey & Michèle Tertilt, 2020. "The Impact of COVID-19 on Gender Equality," NBER Working Papers 26947, National Bureau of Economic Research, Inc.
• Helene Olsen & Harald Wieslander, 2020. "The Impact of Monetary Policy on Leading Variables for Financial Stability in Norway," Working Papers No 02/2020, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
• James H. Stock, 2020. "Data Gaps and the Policy Response to the Novel Coronavirus," NBER Working Papers 26902, National Bureau of Economic Research, Inc.
• Òscar Jordà & Sanjay R. Singh & Alan M. Taylor, 2020. "Longer-run Economic Consequences of Pandemics," NBER Working Papers 26934, National Bureau of Economic Research, Inc.
• Murach, Michael & Wagner, Helmut & Kim, Jungsuk & Park, Donghyun, 2020. "Trajectories to high income: comparing the growth dynamics in China, Korea, and Japan with cointegrated VAR models," CEAMeS Discussion Paper Series 16/2020, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS).
• D. Bartolozzi & M. Gara & D.J. Marchetti & D. Masciandaro, 2019. "Designing The Anti-Money Laundering Supervisor: Theory, Institutions And Empirics," BAFFI CAREFIN Working Papers 19126, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Antonia Lopez Villavicencio & Marc Pourroy, 2019. "Does Inflation Targeting Always Matter for the ERPT? A robust approach," Post-Print hal-02082568, HAL.
• John Gibson & Geua Boe-Gibson, 2020. "Three Facts About Night Lights Data," Working Papers in Economics 20/03, University of Waikato.
• Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Mösle, Saskia, 2020. "German Economy Spring 2020 - German economy: V(irus)-shaped recession ahead," Kiel Institute Economic Outlook 65, Kiel Institute for the World Economy (IfW Kiel).
• 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," Hohenheim Discussion Papers in Business, Economics and Social Sciences 01-2020, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
• Laura Alfaro & Anusha Chari & Andrew N. Greenland & Peter K. Schott, 2020. "Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time," NBER Working Papers 26950, National Bureau of Economic Research, Inc.
• Junxue Jia & Yongzheng Liu & Jorge Martinez-Vazquez & Kewei Zhang, 2020. "Vertical Fiscal Imbalance and Local Fiscal Indiscipline: Empirical Evidence from China," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper2006, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
• Alexander O'Riordan, 2020. "Technology and Welfare - Investigating the relationship between the ownership of technology-based assets and subjective measures of well-being," Working Papers 05/2020, Stellenbosch University, Department of Economics.
• Solaja, Oluwasegun Abraham & Abiodun, Joachim Abolaji & Abioro, Matthew Adekunle & Ekpudu, Jonathan Ehimen & Olasubulumi, Olajide Moses, 2019. "Application of linear programming in production planning," MPRA Paper 98226, University Library of Munich, Germany.
• Emara, Noha & El Said, Ayah & Pearlman, Joseph, 2019. "On the Impact of Financial Inclusion on Financial Stability and Inequality: The Role of Macroprudential Policies," MPRA Paper 99258, University Library of Munich, Germany.
• Giuseppe Brandi & T. Di Matteo, 2020. "A new multilayer network construction via Tensor learning," Papers 2004.05367, arXiv.org.
• Hongbo Duan & Qin Bao & Kailan Tian & Shouyang Wang & Cuihong Yang & Zongwu Cai, 2020. "The Hit of the Novel Coronavirus Outbreak to China's Economy," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202008, University of Kansas, Department of Economics, revised Mar 2020.
• Lise Clain-Chamosset-Yvrard & Xavier Raurich & Thomas Seegmuller, 2020. "Are the liquidity and collateral roles of asset bubbles different?," Working Papers halshs-02536396, HAL.
• Jean Roch Donsimoni & René Glawion & Bodo Plachter & Klaus Wälde, 2020. "Projecting the Spread of Covid-19 for Germany," CESifo Working Paper Series 8183, CESifo.
• Thulisile Radebe, 2019. "South Africa s disinflation A cyclical phenomenon August 2019," Occasional Bulletin of Economic Notes 9480, South African Reserve Bank.