Report NEP-MAC-2020-05-25

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:

• PINSHI, Christian P., 2020. "COVID-19 uncertainty and monetary policy," MPRA Paper 100184, University Library of Munich, Germany.
• Saki Bigio & Mengbo Zhang & Eduardo Zilberman, 2020. "Transfers vs Credit Policy: Macroeconomic Policy Trade-offs during Covid-19," NBER Working Papers 27118, National Bureau of Economic Research, Inc.
• Dirección General de Economía y Estadística, 2020. "La economía española en 2019," Occasional Papers 2011, Banco de España.
• Axelle Arquié & Jérôme Héricourt & Fabien Tripier, 2020. "Covid-19: Has the Time Come for Mainstream Macroeconomics to Rehabilitate Money Printing?," CEPII Policy Brief 2020-31, CEPII research center.
• Bauermann, Tom, 2020. "Governmental policies to reduce unemployment during recessions: Insights from an ABM," Ruhr Economic Papers 847, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Francesco Bianchi & Renato Faccini & Leonardo Melosi, 2020. "Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength," NBER Working Papers 27112, National Bureau of Economic Research, Inc.
• Stéphane Dupraz & Emi Nakamura & Jón Steinsson, 2020. "A Plucking Model of Business Cycles," Working papers 748, Banque de France.
• Christophe Blot & Paul Hubert & Fabien Labondance, 2020. "The asymmetric effects of monetary policy on stock price bubbles," Documents de Travail de l'OFCE 2020-12, Observatoire Francais des Conjonctures Economiques (OFCE).
• Congressional Budget Office, 2020. "Interim Economic Projections for 2020 and 2021," Reports 56351, Congressional Budget Office.
• Kyriakos T. Chousakos & Gary B. Gorton & Guillermo Ordoñez, 2020. "The Macroprudential Role of Stock Markets," NBER Working Papers 27113, National Bureau of Economic Research, Inc.
• Pauline Gandré, 2020. "Learning, house prices and macro-financial linkages," EconomiX Working Papers 2020-10, University of Paris Nanterre, EconomiX.
• Oreste Napolitano & Salvatore Capasso & Ana Laura Viveros, 2020. "Financial Conditions Index as a predictor in low-inflation environment," Proceedings of International Academic Conferences 10012456, International Institute of Social and Economic Sciences.
• Pinshi, Christian P., 2020. "Monetary policy in DR. Congo : Learning about communication and expectations," MPRA Paper 100262, University Library of Munich, Germany.
• Lacina Balma & Mthuli Ncube, 2019. "Working Paper 322- Managing Natural Resource Revenue in Ghana," Working Paper Series 2448, African Development Bank.
• Hein, Eckhard, 2020. "Gender issues in Kaleckian distribution and growth models: On the macroeconomics of the gender wage gap," IPE Working Papers 141/2020, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Markus K. Brunnermeier & Sebastian A. Merkel & Yuliy Sannikov, 2020. "The Fiscal Theory of Price Level with a Bubble," NBER Working Papers 27116, National Bureau of Economic Research, Inc.
• Pierre Aldama & Jean-François Ouvrard, 2020. "Basic Model Elasticities of the Macroeconomic Model for France of the Banque de France (FR-BDF)," Working papers 750, Banque de France.
• Christopher Heiberger & Daniel Fehrle, 2020. "The return on everything and the business cycle in production economies," Discussion Paper Series 338, Universitaet Augsburg, Institute for Economics.
• Richard Dennis & Oleg Kirsanov, 2020. "Monetary Policy when Preferences are Quasi-Hyperbolic," Working Papers 2020_05, Business School - Economics, University of Glasgow.
• Lilit Popoyan & Mauro Napoletano & Andrea Roventini, 2020. "Winter is possibly not coming: Mitigating financial instability in an agent-based model with interbank market," Documents de Travail de l'OFCE 2020-14, Observatoire Francais des Conjonctures Economiques (OFCE).
• Laine, Olli-Matti & Lindblad, Annika, 2020. "Nowcasting Finnish GDP growth using financial variables: a MIDAS approach," BoF Economics Review 4/2020, Bank of Finland.
• Juan Carlos Parra-Alvarez & Hamza Polattimur & Olaf Posch, 2020. "Risk Matters: Breaking Certainty Equivalence," CESifo Working Paper Series 8250, CESifo.
• Juan Carlos Parra-Alvarez & Hamza Polattimur & Olaf Posch, 2020. "Risk Matters: Breaking Certainty Equivalence," CREATES Research Papers 2020-02, Department of Economics and Business Economics, Aarhus University.
• Jakob Grazzini & Lorenza Rossi, 2020. "New Firms, Capital Intensity and the Labor Share: New Theoretical and Empirical Insights," CESifo Working Paper Series 8255, CESifo.
• Jean Barthélemy & Eric Mengus & Guillaume Plantin, 2020. "Public Liquidity Demand and Central Bank Independence," Working papers 747, Banque de France.
• Naudé, Wim, 2020. "From the Entrepreneurial to the Ossified Economy: Evidence, Explanations and a New Perspective," GLO Discussion Paper Series 539, Global Labor Organization (GLO).
• Nicoletta Berardi & Federico Ravenna & Mario Samano, 2020. "Everyday Regular Prices," Working papers 746, Banque de France.
• Tom van Veen, 2020. "Have Macroeconomic Models Lost Their Connection with Economic Reality?," CESifo Working Paper Series 8256, CESifo.
• Mario Alloza & Marien Ferdinandusse & Pascal Jacquinot & Katja Schmidt, 2020. "Fiscal expenditure spillovers in the euro area: An empirical and model-based assessment," Occasional Papers 2012, Banco de España.
• Delis, Manthos & Iosifidi, Maria & Mylonidis, Nikolaos, 2020. "Industry Heterogeneity in the Risk-Taking Channel," MPRA Paper 100433, University Library of Munich, Germany.
• George J. Hall & Thomas J. Sargent, 2020. "Debt and Taxes in Eight U.S. Wars and Two Insurrections," NBER Working Papers 27115, National Bureau of Economic Research, Inc.
• Radoslaw (Radek) Stefanski & Alex Trew, 2021. "Selection, Patience, and the Interest Rate (updated 2023 2023_01)," Working Papers 2020_03, Business School - Economics, University of Glasgow.
• Anna Burova, 2020. "Measuring the Debt Service Ratio in Russia: micro-level data approach," Bank of Russia Working Paper Series wps55, Bank of Russia.
• Iñaki Aldasoro & Stefan Avdjiev & Claudio Borio & Piti Disyatat, 2020. "Global and domestic financial cycles: variations on a theme," BIS Working Papers 864, Bank for International Settlements.
• International Monetary Fund, 2020. "Tunisia; Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Tunisia," IMF Staff Country Reports 20/103, International Monetary Fund.
• Alfredo García-Hiernaux & María T. González-Pérez & David E. Guerrero, 2020. "Eurozone prices: a tale of convergence and divergence," Working Papers 2010, Banco de España.
• Dmitry Levando, 2020. "The two demands: Why a demand for non-consumable money is different from a demand for consumable goods," Working Papers 2020:05, Department of Economics, University of Venice "Ca' Foscari".
• João Granja & Christos Makridis & Constantine Yannelis & Eric Zwick, 2020. "Did the Paycheck Protection Program Hit the Target?," NBER Working Papers 27095, National Bureau of Economic Research, Inc.
• International Monetary Fund, 2020. "Costa Rica; Request for Purchase Under the Rapid Financing Investment-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica," IMF Staff Country Reports 20/145, International Monetary Fund.
• Xing Guo, 2020. "Identifying Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation," Staff Working Papers 20-17, Bank of Canada.
• Alexander Bick & Nicola Fuchs-Schündeln & David Lagakos & Hitoshi Tsujiyama, 2020. "Why Are Average Hours Worked Lower in Richer Countries?," CESifo Working Paper Series 8251, CESifo.
• Stephie Fried & David Lagakos, 2020. "Electricity and Firm Productivity: A General-Equilibrium Approach," NBER Working Papers 27081, National Bureau of Economic Research, Inc.
• Jose Vicente Romero & Hernando Vargas-Herrera & Pamela Cardozo & Andrés Murcia, 2020. "Effects of foreign participation in the colombian local public debt market on domestic financial conditions," Borradores de Economia 1115, Banco de la Republica de Colombia.
• Katya Kartashova & Xiaoqing Zhou, 2020. "How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers," Staff Working Papers 20-18, Bank of Canada.
• Basco Mascaro, Sergi & Domènech Feliu, Jordi & Roses Vendoiro, Juan Ramon, 2020. "The redistributive effects of pandemics: evidence on the Spanish flu," IFCS - Working Papers in Economic History.WH 30465, Universidad Carlos III de Madrid. Instituto Figuerola.
• Fabian Lange & Theodore Papageorgiou, 2020. "Beyond Cobb-Douglas: Flexibly Estimating Matching Functions with Unobserved Matching Efficiency," Boston College Working Papers in Economics 1006, Boston College Department of Economics.
• Fabio Ghironi & G. Kemal Ozhan, 2020. "Interest Rate Uncertainty as a Policy Tool," NBER Working Papers 27084, National Bureau of Economic Research, Inc.
• Caporin, Massimiliano & Pelizzon, Loriana & Plazzi, Alberto, 2020. "Does monetary policy impact international market co-movements?," SAFE Working Paper Series 276, Leibniz Institute for Financial Research SAFE.
• Simplice A. Asongu & Joseph Nnanna, 2020. "Governance and the Capital Flight Trap in Africa," Working Papers of the African Governance and Development Institute. 20/024, African Governance and Development Institute..
• John Michael, Riveros Gavilanes, 2018. "Comportamiento de los salarios reales en el sector industrial colombia 2000-2016. Una aplicación del modelo de kaldor [Behavior of Wages in the Industrial Sector, Colombia 2000-2016: An application," MPRA Paper 100424, University Library of Munich, Germany, revised Nov 2018.
• Abuselidze, George, 2019. "Анализ На Формирането И Прилагането На Бюджетни Политики, Осигуряващи Социално-Икономическото Развитие На Административнотериториалните Единици [Analysis of the formation and use of budgetary polic," MPRA Paper 99889, University Library of Munich, Germany.
• International Monetary Fund, 2020. "Republic of Tajikistan; Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Tajikistan," IMF Staff Country Reports 20/151, International Monetary Fund.
• Scott R. Baker & R. A. Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis, 2020. "Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments," NBER Working Papers 27097, National Bureau of Economic Research, Inc.
• Ali, Amjad & Bibi, Chan, 2020. "Public Policies, Socio-Economic Environment and Crimes in Pakistan: A Time Series Analysis," MPRA Paper 100216, University Library of Munich, Germany.
• International Monetary Fund, 2020. "The Federal Democratic Republic of Ethiopia; Requests for Purchasing under the Rapid Financing Instrument, Debt Relief under the Catastrophe Containment and Relief Trust, Rephasing of Access Under the," IMF Staff Country Reports 20/150, International Monetary Fund.
• Maurizio Iacopetta & Raoul Minetti & Pierluigi Murro, 2020. "Growing through Spinoffs. Corporate Governance, Entry, and Innovation," Documents de Travail de l'OFCE 2020-13, Observatoire Francais des Conjonctures Economiques (OFCE).
• David Martinez Turegano, 2020. "Employment composition and labour earnings inequality within EU countries," JRC Research Reports JRC120255, Joint Research Centre.
• Nadal Egea, Alejandro, 2020. "Pensar fuera de la caja: la economía mexicana y sus posibles alternativas," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 45550, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
• Shuaizhang Feng & Jiandong Sun, 2020. "Misclassification-Errors-Adjusted Sahm Rule for Early Identification of Economic Recession," Working Papers 2020-029, Human Capital and Economic Opportunity Working Group.
• International Monetary Fund, 2020. "Colombia; Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia," IMF Staff Country Reports 20/148, International Monetary Fund.
• Puriya Abbassi & Rajkamal Iyer & José-Luis Peydró & Paul E. Soto, 2020. "Stressed banks? Evidence from the largest-ever supervisory review," Economics Working Papers 1721, Department of Economics and Business, Universitat Pompeu Fabra.
• Abbassi, Puriya & Iyer, Rajkamal & Peydró, José-Luis & Soto, Paul, 2020. "Stressed Banks? Evidence from the Largest-Ever Supervisory Review," EconStor Preprints 217048, ZBW - Leibniz Information Centre for Economics.
• Puriya Abbassi & Rajkamal Iyer & José-Luis Peydró & Paul E. Soto, 2020. "Stressed Banks? Evidence from the Largest-Ever Supervisory Review," Working Papers 1178, Barcelona School of Economics.
• Barrie, Mohamed Samba, 2020. "An empirical analysis of the Determinants of Real GDP Growth in Sierra Leone from 1980-2018," EconStor Research Reports 216885, ZBW - Leibniz Information Centre for Economics.
• International Monetary Fund, 2020. "Republic of Kenya; Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kenya," IMF Staff Country Reports 20/156, International Monetary Fund.
• Jesús Fernández-Villaverde & Charles I. Jones, 2020. "Estimating and Simulating a SIRD Model of COVID-19 for Many Countries, States, and Cities," NBER Working Papers 27128, National Bureau of Economic Research, Inc.
• International Monetary Fund, 2020. "Nepal; Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Nepal," IMF Staff Country Reports 20/155, International Monetary Fund.
• Geert Bekaert & Eric Engstrom & Andrey Ermolov, 2020. "The Variance Risk Premium in Equilibrium Models," NBER Working Papers 27108, National Bureau of Economic Research, Inc.
• Hashimoto, Ken-ichi & Ono, Yoshiyasu & Schlegl, Matthias, 2020. "Structural unemployment, underemployment, and secular stagnation," ISER Discussion Paper 1088, Institute of Social and Economic Research, Osaka University.
• Brueckner, Markus & Van Long, Ngo & Vespignani, Joaquin, 2020. "Non-gravity trade," Working Papers 2020-04, University of Tasmania, Tasmanian School of Business and Economics.
• Victoria Gregory & Guido Menzio & David G. Wiczer, 2020. "Pandemic Recession: L or V-Shaped?," NBER Working Papers 27105, National Bureau of Economic Research, Inc.
• Normann Rion, 2020. "Fluctuations in a Dual Labor Market," PSE Working Papers halshs-02570540, HAL.
• Martin S. Eichenbaum & Sergio Rebelo & Mathias Trabandt, 2020. "The Macroeconomics of Testing and Quarantining," NBER Working Papers 27104, National Bureau of Economic Research, Inc.
• Daniel Borup & Bent Jesper Christensen & Nicolaj N. Mühlbach & Mikkel S. Nielsen, 2020. "Targeting predictors in random forest regression," CREATES Research Papers 2020-03, Department of Economics and Business Economics, Aarhus University.
• Simon Mongey & Laura Pilossoph & Alex Weinberg, 2020. "Which Workers Bear the Burden of Social Distancing?," NBER Working Papers 27085, National Bureau of Economic Research, Inc.
• Stefan Ederer & Stefan Humer & Stefan Jestl & Emanuel List, 2020. "Distributional National Accounts (DINA) with Household Survey Data: Methodology and Results for European Countries," wiiw Working Papers 180, The Vienna Institute for International Economic Studies, wiiw.
• Giambona, Erasmo & Matta, Rafael & Peydró, José-Luis & Wang, Ye, 2020. "Quantitative Easing, Investment, and Safe Assets: The Corporate-Bond Lending Channel," EconStor Preprints 217049, ZBW - Leibniz Information Centre for Economics, revised 2020.
• Erasmo Giambona & Rafael Matta & José-Luis Peydró & Ye Wang, 2020. "Quantitative Easing, Investment, and Safe Assets: The Corporate-Bond Lending Channel," Working Papers 1179, Barcelona School of Economics.
• Alexander Dobrinevski & Raphaël Jachnik, 2020. "Exploring options to measure the climate consistency of real economy investments: The transport sector in Latvia," OECD Environment Working Papers 163, OECD Publishing.
• Erik Ens & Craig Johnston, 2020. "Scenario Analysis and the Economic and Financial Risks from Climate Change," Discussion Papers 2020-3, Bank of Canada.
• Franziska Hampf & Marc Piopiunik & Simon Wiederhold, 2020. "The Effects of Graduating from High School in a Recession: College Investments, Skill Formation, and Labor-Market Outcomes," CESifo Working Paper Series 8252, CESifo.
• Mary Amiti & Sang Hoon Kong & David Weinstein, 2020. "The Effect of the U.S.-China Trade War on U.S. Investment," NBER Working Papers 27114, National Bureau of Economic Research, Inc.
• Antoine Bozio & Sophie Cottet & Clément Malgouyres, 2018. "What effects to expect from the conversion of the competitiveness and employment tax credit (CICE) into employer contribution reductions?," PSE-Ecole d'économie de Paris (Postprint) halshs-02520785, HAL.
• Matthew Higgins & Thomas Klitgaard, 2020. "W(h)ither U.S. Crude Oil Production?," Liberty Street Economics 20200504, Federal Reserve Bank of New York.
• Egemen Eren & Andreas Schrimpf & Vladyslav Sushko, 2020. "US dollar funding markets during the Covid-19 crisis - the international dimension," BIS Bulletins 15, Bank for International Settlements.
• Erasmo Giambona & Rafael Matta & José-Luis Peydró & Ye Wang, 2020. "Quantitative easing, investment, and safe assets: the corporate-bond lending channel," Economics Working Papers 1722, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2020.
• Federico Sturzenegger, 2020. "How should Central Banks accumulate reserves?," Working Papers 139, Universidad de San Andres, Departamento de Economia, revised May 2020.
• Lustenhouwer, Joep, 2020. "Fiscal Stimulus In Expectations-Driven Liquidity Traps," Working Papers 0683, University of Heidelberg, Department of Economics.
• Pennings,Steven Michael, 2020. "Cross-Region Transfers in a Monetary Union : Evidence from the US and Some Implications," Policy Research Working Paper Series 9244, The World Bank.
• Manuel Adelino & Miguel A. Ferreira & Mariassunta Giannetti & Pedro Pires, 2020. "Trade Credit and the Transmission of Unconventional Monetary Policy," NBER Working Papers 27077, National Bureau of Economic Research, Inc.
• Jézabel Couppey-Soubeyran & Erica Perego & Fabien Tripier, 2020. "Les banques européennes à l’épreuve de la crise du Covid-19," CEPII Policy Brief 2020-32, CEPII research center.
• Haoyang Liu & Desi Volker, 2020. "Where Have the Paycheck Protection Loans Gone So Far?," Liberty Street Economics 20200506, Federal Reserve Bank of New York.
• Torben M. Andersen & Joydeep Bhattacharya & Qing Liu, 2020. "Reference-Dependent Preferences, Time Inconsistency, and Unfunded Pensions," CESifo Working Paper Series 8260, CESifo.
• International Monetary Fund, 2020. "Georgia; Sixth Review Under the Extended Arrangement and Requests for a Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, and Augmentation of Access-Press Release," IMF Staff Country Reports 20/149, International Monetary Fund.