Report NEP-MAC-2020-05-18

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:

• Gabriele Galati & Jan Kakes & Richhild Moessner, 2020, "Effects of credit restrictions in the Netherlands and lessons for macroprudential policy," Working Papers, DNB, number 679, Mar.
• Marcin Kolasa & Michał Rubaszek & Małgorzata Walerych, 2019, "Are flexible working hours helpful in stabilizing unemployment?," NBP Working Papers, Narodowy Bank Polski, number 319.
• Paweł Baranowski & Wirginia Doryń & Tomasz Łyziak & Ewa Stanisławska, 2020, "Words and deeds in managing expectations: empirical evidence on an inflation targeting economy," NBP Working Papers, Narodowy Bank Polski, number 326.
• Sasaki, Hiroaki & Asada, Yasukuni, 2020, "Quantifying Goodwin Growth Cycles with Minimum Wage Shares," MPRA Paper, University Library of Munich, Germany, number 99926, Apr.
• Giovanni Nicolo, 2020, "Monetary Policy, Self-Fulfilling Expectations and the U.S. Business Cycle," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-035, May, DOI: 10.17016/FEDS.2020.035.
• Christopher D. Cotton, 2020, "The Inflation Target and the Equilibrium Real Rate," Working Papers, Federal Reserve Bank of Boston, number 20-2, Feb, DOI: 10.29412/res.wp.2020.02.
• Afees A. Salisu & Rangan Gupta, 2020, "Dynamic Effects of Monetary Policy Shocks on Macroeconomic Volatility in the United Kingdom," Working Papers, University of Pretoria, Department of Economics, number 202041, May.
• Sylvain Leduc & Zheng Liu, 2020, "Can Pandemic-Induced Job Uncertainty Stimulate Automation?," Working Paper Series, Federal Reserve Bank of San Francisco, number 2020-19, May, DOI: 10.24148/wp2020-19.
• Oguzhan Cepni & Rangan Gupta, 2020, "Time-Varying Impact of Monetary Policy Shocks on U.S. Stock Returns: The Role of Investor Sentiment," Working Papers, University of Pretoria, Department of Economics, number 202039, May.
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• Paweł Baranowski & Hamza Bennani & Wirginia Doryń, 2020, "Do ECB introductory statements help to predict monetary policy: evidence from tone analysis," NBP Working Papers, Narodowy Bank Polski, number 323.
• Minford, Patrick & Gai, Yue & Ou, Zhirong, 2020, "Is housing collateral important to the business cycle? Evidence from China," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2020/6, May.
• Ryan Chahrour & Sanjay K. Chugh & Tristan Potter, 2020, "Productivity News, Wages, and Labor Market Fluctuations," School of Economics Working Paper Series, LeBow College of Business, Drexel University, number 2020-3, May.
• Marek Dabrowski, 2020, "Does Low Inflation Pose a Risk to Economic Growth and Central Banks Reputation?," CASE Reports, CASE-Center for Social and Economic Research, number 0501.
• Nir Jaimovich & Itay Saporta-Eksten & Henry E. Siu & Yaniv Yedid-Levi, 2020, "The Macroeconomics of Automation: Data, Theory, and Policy Analysis," NBER Working Papers, National Bureau of Economic Research, Inc, number 27122, May.
• Hanna Armelius & Carl Andreas Claussen & Scott Hendry, 2020, "Is Central Bank Currency Fundamental to the Monetary System?," Discussion Papers, Bank of Canada, number 2020-2, May, DOI: 10.34989/sdp-2020-2.
• Chao Gu & Cyril Monnet & Ed Nosal & Randall Wright, 2020, "On the instability of banking and other financial intermediation," BIS Working Papers, Bank for International Settlements, number 862, May.
• Eser, Fabian & Karadi, Peter & Lane, Philip R. & Moretti, Laura & Osbat, Chiara, 2020, "The Phillips Curve at the ECB," Working Paper Series, European Central Bank, number 2400, May.
• Marcin Borsuk & Oskar Krzesicki, 2020, "InSTA – integrated stress-testing approach at NBP. The past, present and future perspectives," NBP Working Papers, Narodowy Bank Polski, number 325.
• NANA DAVIES, Charles, 2018, "Sources of Macroeconomic Fluctuations in a Franc Zone Country: A Bayesian estimation," MPRA Paper, University Library of Munich, Germany, number 99998, Sep.
• Enrique Kawamura & Damián Pierri, 2020, "Life Cycle, Financial Frictions and Informal Labor Markets: The Case of Chile," Working Papers, Universidad de San Andres, Departamento de Economia, number 138, May, revised May 2020.
• Servaas Storm, 2020, "The Economics and Politics of Social Democracy: A Reconsideration," Working Papers Series, Institute for New Economic Thinking, number inetwp122, Apr, DOI: 10.36687/inetwp122.
• Elfsbacka Schmöller, Michaela & Spitzer, Martin, 2020, "Endogenous TFP, business cycle persistence and the productivity slowdown in the euro area," Working Paper Series, European Central Bank, number 2401, May.
• NANA DAVIES, Charles, 2020, "Land Collateral and Rule-of-Thumb Households in a Franc Zone Country: A Bayesian Appraisal," MPRA Paper, University Library of Munich, Germany, number 100000, Apr.
• Christoph Gortz & Christopher Gunn & Thomas A. Lubik, 2020, "Is There News in Inventories?," Discussion Papers, Department of Economics, University of Birmingham, number 20-07, May.
• Michał Brzoza-Brzezina & Jacek Kotłowski, 2020, "International confidence spillovers and business cycles in small open economies," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2020-049, May.
• Semih Emre Cekin & Rangan Gupta & Eric Olson, 2020, "The Taylor Curve: International Evidence," Working Papers, University of Pretoria, Department of Economics, number 202034, May.
• Danilo Leiva-Leon & Luis Uzeda, 2020, "Endogenous Time Variation in Vector Autoregressions," Staff Working Papers, Bank of Canada, number 20-16, May, DOI: 10.34989/swp-2020-16.
• Igor Fedotenkov & Rangan Gupta, 2020, "The Effects of Public Expenditures on Labour Productivity in Europe," Working Papers, University of Pretoria, Department of Economics, number 202038, May.
• David Baqaee & Emmanuel Farhi, 2020, "Entry vs. Rents: Aggregation with Economies of Scale," NBER Working Papers, National Bureau of Economic Research, Inc, number 27140, May.
• Gajendran Raveendranathan & Georgios Stefanidis, 2020, "The Unprecedented Fall in U.S. Revolving Credit," Department of Economics Working Papers, McMaster University, number 2020-05, May.
• Aziz, Abdul & Masih, Mansur, 2018, "Lead-lag relationship between macroeconomic variables and stock market: evidence from Korea," MPRA Paper, University Library of Munich, Germany, number 99894, Oct.
• Paweł Kopiec, 2019, "Household heterogeneity and the value of government spending multiplier," NBP Working Papers, Narodowy Bank Polski, number 321.
• Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2020, "Distributional consequences of conventional and unconventional monetary policy," NBP Working Papers, Narodowy Bank Polski, number 327.
• Alain Kabundi & Tumisang Loate & Nicola Viegi, 2020, "Spillovers of the Conventional and Unconventional Monetary Policy from the US to South Africa," Working Papers, University of Pretoria, Department of Economics, number 202033, Apr.
• Naape, Baneng, 2020, "An Analysis of the 2008 Subprime Mortgage Crisis: Causes, Effects and Policy Response," MPRA Paper, University Library of Munich, Germany, number 100019, May.
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• Qingqing Cao & Paolo Giordani & Raoul Minetti & Pierluigi Murro, 2020, "Credit Markets, Relationship Banking, and Firm Entry," Working Papers CASMEF, Dipartimento di Economia e Finanza, LUISS Guido Carli, number 2003, May.
• Jose Maria Barrero & Nicholas Bloom & Steven J. Davis, 2020, "COVID-19 Is Also a Reallocation Shock," NBER Working Papers, National Bureau of Economic Research, Inc, number 27137, May.
• Item repec:aer:wpaper:138 is not listed on IDEAS anymore

• Jean-Bernard Chatelain & Kirsten Ralf, 2021, "Hopf Bifurcation from new-Keynesian Taylor rule to Ramsey Optimal Policy," PSE-Ecole d'économie de Paris (Postprint), HAL, number hal-01527872, Dec, DOI: 10.1017/S1365100519001032.
• Bick, Alexander & Fuchs-Schündeln, Nicola & Lagakos, David & Tsujiyama, Hitoshi, 2020, "Why Are Average Hours Worked Lower in Richer Countries?," IZA Discussion Papers, Institute of Labor Economics (IZA), number 13156, Apr.
• David Baqaee & Emmanuel Farhi & Kunal Sangani, 2020, "The Darwinian Returns to Scale," NBER Working Papers, National Bureau of Economic Research, Inc, number 27139, May.
• Robert A Blecker & Michael Cauvel & Yun Kim, 2020, "Systems Estimation of a Structural Model of Distribution and Demand in the US Economy," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2012, May.
• Joseph Halevi & Peter Kriesler & Duncan Foley & Thomas Ferguson, 2020, "Three Comments on Storm “The Economics and Politics of Social Democracy: A Reconsideration”," Working Papers Series, Institute for New Economic Thinking, number inetwp123, May, DOI: 10.36687/inetwp123.
• Item repec:imf:imfscr:20/101 is not listed on IDEAS anymore

• Ljungberg, Jonas, 2020, "The Myth of Competitive Devaluations in the 1930s," Lund Papers in Economic History, Lund University, Department of Economic History, number 211, Mar.
• Nicolas Soenen & Rudi Vander Vennet, 2020, "ECB Monetary Policy and Bank Default Risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 20/997, May.
• Oguzhan Cepni & Rangan Gupta & Cenk C. Karahan & Brian M. Lucey, 2020, "Oil Price Shocks and Yield Curve Dynamics in Emerging Markets," Working Papers, University of Pretoria, Department of Economics, number 202036, May.
• Ron Alquist & Reinhard Ellwanger & Jianjian Jin, 2020, "The Effect of Oil Price Shocks on Asset Markets: Evidence from Oil Inventory News," Staff Working Papers, Bank of Canada, number 2020-8, Mar, DOI: 10.34989/swp-2020-8.
• Holm-Hadulla, Fédéric & Thürwächter, Claire, 2020, "Heterogeneity in corporate debt structures and the transmission of monetary policy," Working Paper Series, European Central Bank, number 2402, May.
• Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020, "Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016," Working Papers Series, Institute for New Economic Thinking, number inetwp124, Apr, DOI: 10.36687/inetwp124.
• Olivier Coibion & Yuriy Gorodnichenko & Michael Weber, 2020, "The Cost of the Covid-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending," NBER Working Papers, National Bureau of Economic Research, Inc, number 27141, May.
• Adeniyi, Oluwatosin & Adekunle, Wasiu & Orekoya, Samuel, 2018, "Non-linear Relation between External Debt and Economic Growth in Nigeria: Does the Investment Channel Matter?," MPRA Paper, University Library of Munich, Germany, number 99975, Nov, revised 07 Apr 2019.
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• Cristina Fernández, 2020, "Impacto en el mercado laboral de las medidas de aislamiento para combatir el COVID-19," Informes de Investigación, Fedesarrollo, number 18145, Apr.
• Item repec:aez:wpaper:02/2020 is not listed on IDEAS anymore

• Lange, Fabian & Papageorgiou, Theodore, 2020, "Beyond Cobb-Douglas: Flexibly Estimating Matching Functions with Unobserved Matching Efficiency," IZA Discussion Papers, Institute of Labor Economics (IZA), number 13177, Apr.
• Rowena Crawford & Cormac O'Dea, 2020, "Household Portfolios and Financial Preparedness for Retirement," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2232, Jan.
• Avdic, Daniel & de New, Sonja C. & Kamhöfer, Daniel A., 2020, "Economic downturns and mental wellbeing," DICE Discussion Papers, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE), number 337.
• Bernd Hayo, 2023, "Does the ECB’s Monetary Policy Affect Personal Finances and Economic Inequality? A Household Perspective from Germany," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202023.
• Choudhary, M. Ali & Pasha, Farooq & Waheed, Mohsin, 2020, "Measuring Economic Policy Uncertainty in Pakistan," MPRA Paper, University Library of Munich, Germany, number 100013, May.
• Feng, Shuaizhang & Sun, Jiandong, 2020, "Misclassification-Errors-Adjusted Sahm Rule for Early Identification of Economic Recession," IZA Discussion Papers, Institute of Labor Economics (IZA), number 13168, Apr.
• Item repec:imf:imfscr:20/108 is not listed on IDEAS anymore

• Carlos Caballero Arg√°ez & GermÔøΩn DarÔøΩo Machado RodrÔøΩguez, 2020, "DE LA CRISIS DE ‚ÄòFIN DE SIGLO‚Äô A LA DEL ‚ÄòCORONAVIRUS‚Äô. La econom√≠a colombiana en las primeras dos d√©cadas del siglo XXI," Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE, number 18150, May.
• Sophie Osotimehin & Latchezar Popov, 2020, "Sectoral Impact of COVID-19: Cascading Risks," Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis, number 31, May, DOI: 10.21034/iwp.31.
• Tomás Gómez & Alejandro Jara & David Moreno, 2020, "International and domestic interactions of macroprudential and monetary policies: the case of Chile," Working Papers Central Bank of Chile, Central Bank of Chile, number 870, Apr.
• Item repec:imf:imfscr:20/95 is not listed on IDEAS anymore

• Matěj Maivald & Petr Teplý, 2020, "The impact of low interest rates on banks' non-performing loans," FFA Working Papers, Prague University of Economics and Business, number 2.002, Feb, revised 25 Feb 2020.
• González Laxe, Fernando & Armesto Pina, José Francisco & Lago-Peñas, Santiago & Sanchez-Fernandez, Patricio, 2020, "Impacto económico del COVID19 en una economía regional. El caso del confinamiento para Galicia
  [Economic impact of COVID19 in a regional economy. The case of the lock-down in Galicia]," MPRA Paper, University Library of Munich, Germany, number 100002, Apr.
• Annette Alstadsæter & Bernt Bratsberg & Gaute Eielsen & Wojciech Kopczuk & Simen Markussen & Oddbjorn Raaum & Knut Røed, 2020, "The First Weeks of the Coronavirus Crisis: Who Got Hit, When and Why? Evidence from Norway," NBER Working Papers, National Bureau of Economic Research, Inc, number 27131, May.
• Richard K. Lyons & Ganesh Viswanath-Natraj, 2020, "What Keeps Stablecoins Stable?," NBER Working Papers, National Bureau of Economic Research, Inc, number 27136, May.
• Paweł Strzelecki & Jakub Growiec & Robert Wyszyński, 2020, "The contribution of immigration from Ukraine to economic growth in Poland," NBP Working Papers, Narodowy Bank Polski, number 322.
• Francesco MAGRIS & Daria ONORI, 2020, "Taylor and fiscal rules: when do they stabilize the economy?," LEO Working Papers / DR LEO, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans, number 2746.
• Sangmin Aum & Sang Yoon (Tim) Lee & Yongseok Shin, 2020, "Inequality of Fear and Self-Quarantine: Is There a Trade-off between GDP and Public Health?," Working Papers, Queen Mary University of London, School of Economics and Finance, number 902, Apr.
• Buchheim, Lukas & Dovern, Jonas & Krolage, Carla & Link, Sebastian, 2020, "Firm-level Expectations and Behavior in Response to the COVID-19 Crisis," IZA Discussion Papers, Institute of Labor Economics (IZA), number 13253, May.
• Jean-Bernard Chatelain & Kirsten Ralf, 2019, "A Simple Algorithm for Solving Ramsey Optimal Policy with Exogenous Forcing Variables," PSE-Ecole d'économie de Paris (Postprint), HAL, number hal-01577606, Oct.
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• Knut Anton Mork, 2020, "The long Norwegian boom: Dutch disease after all?," Working Paper Series, Department of Economics, Norwegian University of Science and Technology, number 18620, May.
• Ferdinandusse, Marien & Freier, Maximilian & Ristiniemi, Annukka, 2020, "Quantitative easing and the price-liquidity trade-off," Working Paper Series, European Central Bank, number 2399, May.
• Boyan Jovanovic & Sai Ma, 2020, "Uncertainty and Growth Disasters," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1279, May, DOI: 10.17016/IFDP.2020.1279.
• Servaas Storm, 2020, "The EUÕs Green Deal: Bismarck`s `what is possible` versus Thunberg`s `what is imperative`," Working Papers Series, Institute for New Economic Thinking, number 117, Mar, DOI: 10.36687/inetwp117.
• Vlastakis, Nikolaos & Triantafyllou, Athanasios & Kellard, Neil, 2020, "Measuring Oil Price Shocks," Essex Finance Centre Working Papers, University of Essex, Essex Business School, number 27498, May.
• Coibion, Olivier & Gorodnichenko, Yuriy & Weber, Michael, 2020, "Labor Markets during the COVID-19 Crisis: A Preliminary View," IZA Discussion Papers, Institute of Labor Economics (IZA), number 13139, Apr.
• Marcus Cobb & Jennifer Peña, 2020, "Proyecciones de corto plazo para el PIB trimestral: Desempeño reciente de una serie de modelos estándar," Working Papers Central Bank of Chile, Central Bank of Chile, number 871, Apr.
• Item repec:aez:wpaper:01/2019 is not listed on IDEAS anymore

• Degasperi,Riccardo & Hong, Seokki Simon & Ricco, Giovanni, 2020, "The Global Transmission of U.S. Monetary Policy," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics, number 1257.
• Ricardo M. Reyes-Heroles & Sharon Traiberman & Eva Van Leemput, 2020, "Emerging Markets and the New Geography of Trade: The Effects of Rising Trade Barriers," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1278, May, DOI: 10.17016/IFDP.2020.1278.
• Aroop Chatterjee & Léo Czajka & Amory Gethin, 2020, "Estimating the distribution of household wealth in South Africa," WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER), number wp-2020-45.
• Musgrave, Ralph S., 2020, "The crucial flaw in the bank system," MPRA Paper, University Library of Munich, Germany, number 99989, Apr.
• Nicolas Petrosky-Nadeau & Robert G. Valletta, 2020, "Unemployment Paths in a Pandemic Economy," Working Paper Series, Federal Reserve Bank of San Francisco, number 2020-18, May, DOI: 10.24148/wp2020-18.
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• Benjamín García & Juan Guerra-Salas, 2020, "On the Response of Inflation and Monetary Policy to an Immigration Shock," Working Papers Central Bank of Chile, Central Bank of Chile, number 872, Apr.
• Castañeda Garza, Diego & Bengtsson, Erik, 2020, "Income Inequality in Mexico 1895-1940: Industrialization, Revolution, Institutions," Lund Papers in Economic History, Lund University, Department of Economic History, number 212, Mar.
• Jan Hagemejer & Aleksandra Hałka & Jacek Kotłowski, 2020, "Global value chains and exchange rate pass-through: the role of non-linearities," NBP Working Papers, Narodowy Bank Polski, number 324.
• Item repec:imf:imfscr:20/118 is not listed on IDEAS anymore

• William G. Gale & Hilary Gelfond & Jason J. Fichtner & Benjamin H. Harris, 2020, "The Wealth of Generations, With Special Attention to the Millennials," NBER Working Papers, National Bureau of Economic Research, Inc, number 27123, May.
• Item repec:imf:imfscr:20/96 is not listed on IDEAS anymore

• Selim Raihan & Sunera Saba Khan, 2020, "Structural transformation, inequality dynamics, and inclusive growth in Bangladesh," WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER), number wp-2020-44.
• Perugini, Cristiano & Vladisavljevic, Marko, 2020, "Social Stability Challenged: Pandemics, Inequality and Policy Responses," IZA Discussion Papers, Institute of Labor Economics (IZA), number 13249, May.
• Selin ÖZYURT, 2019, "Ghana : quels défis économiques ?," Working Paper, Agence française de développement, number 6ddadfa1-fbf9-4e3b-b11c-3, Jun.
• Basu, Parantap & Jamasb, Tooraj, 2020, "On Green Growth with Sustainable Capital," Working Papers, Copenhagen Business School, Department of Economics, number 11-2020, May.
• Armida Alisjahbana & Kyunghoon Kim & Kunal Sen & Andy Sumner & Arief Anshory Yusuf, 2020, "The developer's dilemma: A survey of structural transformation and inequality dynamics," WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER), number wp-2020-35.
• Bengtsson, Erik & Rubolino, Enrico & Waldenström, Daniel, 2020, "What Determines the Capital Share over the Long Run of History?," Working Paper Series, Research Institute of Industrial Economics, number 1335, May.
• Marion Hémar, 2019, "Presque 30 ans après son indépendance, où en est l’économie arménienne ?," Working Paper, Agence française de développement, number 9d495e11-ad21-4643-9940-c, Dec.
• David CHETBOUN, 2018, "Argentine : nouveau modèle, nouvelle dynamique ?," Working Paper, Agence française de développement, number ebe3a109-6ea5-49a7-96d9-2, Oct.
• Lawrence Christiano & Mathias Trabandt & Karl Walentin, 2020, "Online Appendix to "Involuntary Unemployment and the Business Cycle"," Online Appendices, Review of Economic Dynamics, number 18-447.
• Angel de la Fuente, 2020, "Implicaciones macroeconómicas y presupuestarias del Covid-19: algunas proyecciones ilustrativas," Fedea Economy Notes, FEDEA, number 2020-07, May.

Report NEP-MAC-2020-05-18

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: