Report NEP-MAC-2020-10-05

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:

• Kim Huynh & Helen Lao & Patrick Sabourin & Angelika Welte, 2020, "What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?," Staff Analytical Notes, Bank of Canada, number 2020-20, Sep, DOI: 10.34989/san-2020-20.
• Bernardo Candia & Olivier Coibion & Yuriy Gorodnichenko, 2020, "Communication and the Beliefs of Economic Agents," NBER Working Papers, National Bureau of Economic Research, Inc, number 27800, Sep.
• David Reifschneider & David Wilcox, 2020, "A program for strengthening the Federal Reserve's ability to fight the next recession," Working Paper Series, Peterson Institute for International Economics, number WP20-5, Mar.
• William Chen & Marco Del Negro & Michele Lenza & Giorgio E. Primiceri & Andrea Tambalotti, 2020, "What’s Up with the Phillips Curve?," Liberty Street Economics, Federal Reserve Bank of New York, number 20200918a, Sep.
• De Koning, Kees, 2020, "A different economic growth strategy for the U.S," MPRA Paper, University Library of Munich, Germany, number 102949, Sep.
• Sebastian Graves, 2020, "Does Unemployment Risk Affect Business Cycle Dynamics?," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1298, Sep, DOI: 10.17016/IFDP.2020.1298.
• Pablo Hernández de Cos, 2020, "Los principales retos de la economía española tras el Covid-19. Comparecencia en la Comisión para la Reconstrucción Social y Económica de España tras el Covid-19. Congreso de los Diputados, el 23 de junio de 2020," Occasional Papers, Banco de España, number 2024, Sep.
• Refet S. Gürkaynak & A. Hakan Kara & Burçin Kısacıkoğlu & Sang Seok Lee, 2020, "Monetary Policy Surprises and Exchange Rate Behavior," NBER Working Papers, National Bureau of Economic Research, Inc, number 27819, Sep.
• Andreas Neuhierl & Michael Weber, 2020, "Monetary Momentum," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-39.
• Parui, Pintu, 2020, "Fiscal Expansion, Government Debt and Economic Growth: A Post-Keynesian Perspective," MPRA Paper, University Library of Munich, Germany, number 102740, Sep.
• Bertheau, Antoine & Bunzel, Henning & Vejlin, Rune Majlund, 2020, "Employment Reallocation over the Business Cycle: Evidence from Danish Data," IZA Discussion Papers, IZA Network @ LISER, number 13681, Sep.
• Pablo Hernández de Cos, 2020, "La economía española ante la crisis del Covid-19. Comparecencia ante la Comisión de Asuntos Económicos y Transformación Digital del Congreso de los Diputados, 18 de mayo de 2020," Occasional Papers, Banco de España, number 2023, Aug.
• Olivier Coibion & Yuriy Gorodnichenko & Edward S. Knotek II & Raphael Schoenle, 2020, "Average Inflation Targeting and Household Expectations," NBER Working Papers, National Bureau of Economic Research, Inc, number 27836, Sep.
• Patrick J. Kehoe & Pierlauro Lopez & Virgiliu Midrigan & Elena Pastorino, 2020, "On the Importance of Household versus Firm Credit Frictions in the Great Recession," Working Papers, Federal Reserve Bank of Cleveland, number 20-28, Sep, DOI: 10.26509/frbc-wp-202028.
• Matsue, Toyoki, 2020, "The impact of short-term employment contracts on employment volatility and economic fluctuations," MPRA Paper, University Library of Munich, Germany, number 102731, Sep.
• Congressional Budget Office, 2020, "The 2020 Long-Term Budget Outlook," Reports, Congressional Budget Office, number 56516, Sep.
• Roth, Felix & Jonung, Lars, 2020, "After 25 Years as Faithful Members of the EU. Public Support for the Euro and Trust in the ECB in Austria, Finland and Sweden," Working Papers, Lund University, Department of Economics, number 2020:19, Sep.
• Sophio Togonidze & Evzen Kocenda, 2020, "Macroeconomic Responses of Emerging Market Economies to Oil Price Shocks: Analysis by Region and Resource Profile," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2020/35, Sep, revised Sep 2020.
• Uchida, Yuki & Ono, Tetsuo, 2020, "Generational Distribution of Fiscal Burdens: A Positive Analysis," MPRA Paper, University Library of Munich, Germany, number 102826, Sep.
• Haefke, Christian & Reiter, Michael, 2020, "Long Live the Vacancy," IZA Discussion Papers, IZA Network @ LISER, number 13666, Sep.
• Papadopoulos, Georgios, 2020, "Probing the mechanism: lending rate setting in a data-driven agent-based model," MPRA Paper, University Library of Munich, Germany, number 102749, Sep.
• Monoj Kumar Majumder & Mala Raghavan & Joaquin Vespignani, 2020, "Commodity Price Volatility, Fiscal Balance and Real Interest Rate," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-79, Sep.
• Olivier Coibion & Yuriy Gorodnichenko & Edward S. Knotek, 2020, "Average Inflation Targeting and Household Expectations," Working Papers, Federal Reserve Bank of Cleveland, number 20-26R, Sep, revised 20 Dec 2021, DOI: 10.26509/frbc-wp-202026r.
• James Hebden & Edward P. Herbst & Jenny Tang & Giorgio Topa & Fabian Winkler, 2020, "How Robust Are Makeup Strategies to Key Alternative Assumptions?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-069, Aug, DOI: 10.17016/FEDS.2020.069.
• Eyster, Erik & Madarász, Kristóf & Michaillat, Pascal, 2020, "Pricing under fairness concerns," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 106567, Sep.
• Andrea Boitani & Salvatore Perdichizzi & Chiara Punzo, 2020, "Nonlinearities and expenditure multipliers in the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE), number def089, Jun.
• Kimberly A. Berg & Nelson C. Mark, 2020, "Uncertainty, Long-Run, and Monetary Policy Risks in a Two-Country Macro Model," NBER Working Papers, National Bureau of Economic Research, Inc, number 27844, Sep.
• Jesús Crespo Cuaresma & Christian Glocker, 2020, "Nontradable Goods and Fiscal Multipliers," CESifo Working Paper Series, CESifo, number 8541.
• Fedesarrollo, 2020, "Fedesarrollo : 50 anos de influencia en política pública," Libros Fedesarrollo, Fedesarrollo, number 18383, June.
• Efraim Benmelech & Nitish Kumar & Raghuram Rajan, 2020, "Secured Credit Spreads," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-14.
• Charles M. Kahn & Francisco Rivadeneyra & Tsz-Nga Wong, 2020, "Eggs in One Basket: Security and Convenience of Digital Currencies," Working Papers, Federal Reserve Bank of St. Louis, number 2020-032, Sep, DOI: 10.20955/wp.2020.032.
• Fernando Broner & Alberto Martin & Jaume Ventura, 2020, "On Public Spending and Economic Unions," NBER Working Papers, National Bureau of Economic Research, Inc, number 27831, Sep.
• Gerke, Rafael & Giesen, Sebastian & Kienzler, Daniel, 2020, "Interest rate pegs and the reversal puzzle: On the role of anticipation," Discussion Papers, Deutsche Bundesbank, number 50/2020.
• Jan Philipp Fritsche & Mathias Klein & Malte Rieth, 2020, "Government Spending Multipliers in (Un)certain Times," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1901.
• Roman Horvath & Ali Elminejad & Tomas Havranek, 2020, "Publication and Identification Biases in Measuring the Intertemporal Substitution of Labor Supply," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2020/32, Sep, revised Sep 2020.
• Ivo Bakota, 2020, "Capital Income Taxation with Portfolio Choice," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague, number wp668, Sep.
• Veronica Guerrieri & Guido Lorenzoni & Ludwig Straub & Iván Werning, 2020, "Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-35.
• Dirk Kruger & Harald Uhlig & Taojun Xie, 2020, "Macroeconomic Dynamics and Reallocation in an Epidemic," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-43.
• Xuan Wang, 2020, "A Macro-Financial Perspective to Analyse Maturity Mismatch and Default," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 20-064/IV, Sep.
• Giovanni Pellegrino & Efrem Castelnuovo & Giovanni Caggiano, 2020, "Uncertainty and Monetary Policy During Extreme Events," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-80, Sep.
• Samir Kadiric, 2020, "The determinants of sovereign risk premiums in the UK and the European government bond market: The impact of Brexit," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei271, Mar.
• Alfred V. Guender & Hamish McHugh-Smith, 2020, "Financial Openness and Inflation: An Empirical Analysis," Working Papers in Economics, University of Canterbury, Department of Economics and Finance, number 20/18, Sep.
• Falconio, Andrea & Manganelli, Simone, 2020, "Financial conditions, business cycle fluctuations and growth at risk," Working Paper Series, European Central Bank, number 2470, Sep.
• Ryan Chahrour & Kyle Jurado, 2020, "Optimal Foresight," Boston College Working Papers in Economics, Boston College Department of Economics, number 1017, Sep.
• José Antonio Ocampo, 2020, "Los ciclos internacionales y su impacto sobre la economía colombiana," Libros Fedesarrollo, Fedesarrollo, number 18377, June.
• Tino Berger & James Morley & Benjamin Wong, 2020, "Nowcasting the Output Gap," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-78, Aug.
• Ivo Bakota, 2020, "Firm Leverage and Wealth Inequality," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague, number wp667, Sep.
• Eric Rosengren, 2020, "The Economy’s Outlook, Challenges, and Way Forward," Speech, Federal Reserve Bank of Boston, number 88777, Sep.
• Simon Gilchrist & Bin Wei & Vivian Z. Yue & Egon Zakrajšek, 2020, "The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF," NBER Working Papers, National Bureau of Economic Research, Inc, number 27809, Sep.
• Lochner, Benjamin & Merkl, Christian & Stüber, Heiko & Gürtzgen, Nicole, 2020, "Recruiting Intensity and Hiring Practices: Cross-Sectional and Time-Series Evidence," IZA Discussion Papers, IZA Network @ LISER, number 13678, Sep.
• Scott R. Baker & R.A. Farrokhnia, 2020, "Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-55.
• Anna Kovner & Antoine Martin, 2020, "Market Failures and Official Sector Interventions," Liberty Street Economics, Federal Reserve Bank of New York, number 20200923, Sep.
• Item repec:bof:bofrdp:2020_016 is not listed on IDEAS anymore

• Anna Kovner & Antoine Martin, 2020, "Expanding the Toolkit: Facilities Established to Respond to the COVID-19 Pandemic," Liberty Street Economics, Federal Reserve Bank of New York, number 20200922, Sep.
• Qi Chen & Itay Goldstein & Zeqiong Huang & Rahul Vashishtha, 2020, "Liquidity Transformation and Fragility in the US Banking Sector," NBER Working Papers, National Bureau of Economic Research, Inc, number 27815, Sep.
• James B. Bullard, 2020, "Bullard Discusses Monetary Policy and Inflation Outlook with Bloomberg," Speech, Federal Reserve Bank of St. Louis, number 88761, Sep.
• Maryam Farboodi & Gregor Jarosch & Robert Shimer, 2020, "Internal and External Effects of Social Distancing in a Pandemic," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-47.
• Oriol Aspachs & Josep Mestres & Alberto Graziano & Ruben Durante & Marta Reynal-Querol & José García-Montalvo, 2020, "Real-Time Inequality and the Welfare State in Motion: Evidence from COVID-19 in Spain," Working Papers, Barcelona School of Economics, number 1202, Sep.
• Eduardo Lora, 2020, "Trayectoria e influencia de los Modelos de Equilibrio General de Fedesarrollo," Libros Fedesarrollo, Fedesarrollo, number 18375, June.
• Congressional Budget Office, 2020, "The Effects of Pandemic-Related Legislation on Output," Reports, Congressional Budget Office, number 56537, Sep.
• Tsutomu Watanabe, 2020, "The Welfare Implications of Massive Money Injection: The Japanese Experience from 2013 to 2020," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-493, Sep.
• Richard Blundell & Ran Gu & Soren Leth-Petersen & Hamish Low & Costas Meghir, 2019, "Durables and Lemons: Private Information and the Market for Cars," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2197R, Sep.
• Campagne,Benoit Philippe Marcel & Kitzmuller,Markus & Tordo,Silvana, 2020, "Designing Oil Revenue Management Mechanisms : An Application to Chad," Policy Research Working Paper Series, The World Bank, number 9402, Sep.
• Max Deter, 2020, "Hartz and Minds: Happiness Effects of Reforming an Employment Agency," SOEPpapers on Multidisciplinary Panel Data Research, DIW Berlin, The German Socio-Economic Panel (SOEP), number 1106.
• David O. Argente & Chang-Tai Hsieh & Munseob Lee, 2020, "Measuring the Cost of Living in Mexico and the US," NBER Working Papers, National Bureau of Economic Research, Inc, number 27806, Sep.
• Uhl, Matthias, 2020, "Coin migration between Germany and other euro area countries," Discussion Papers, Deutsche Bundesbank, number 49/2020.
• Kaan Celebi, 2020, "Quo Vadis, Britain? - Implications of the Brexit Process on the UK's Real Economy," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei268, Jan.
• Ryan A. Decker & Meagan McCollum & Gregory B. Upton, Jr., 2020, "Boom Town Business Dynamics," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-081, Sep, DOI: 10.17016/FEDS.2020.081.
• Gomis-Porqueras, Pedro & Shi, Shuping & Tan, David, 2020, "Gold as a Financial Instrument," MPRA Paper, University Library of Munich, Germany, number 102782, Sep.
• Sanga,Dimitri & Gui-Diby,Steve Loris, 2020, "Inflation Threshold Levels and Economic Growth in the Franc Zone Countries," Policy Research Working Paper Series, The World Bank, number 9405, Sep.
• Andrea Carriero & Todd E. Clark & Massimiliano Marcellino, 2020, "No-Arbitrage Priors, Drifting Volatilities, and the Term Structure of Interest Rates," Working Papers, Federal Reserve Bank of Cleveland, number 20-27, Sep, DOI: 10.26509/frbc-wp-202027.
• Budnik, Katarzyna & Balatti, Mirco & Dimitrov, Ivan & Groß, Johannes & Kleemann, Michael & Reichenbachas, Tomas & Sanna, Francesco & Sarychev, Andrei & Siņenko, Nadežda & Volk, Matjaz, 2020, "Banking euro area stress test model," Working Paper Series, European Central Bank, number 2469, Sep.
• Galego Mendes,Arthur & Pennings,Steven Michael, 2020, "One Rule Fits All ? Heterogeneous Fiscal Rules for Commodity Exporters When Price Shocks Can BePersistent: Theory and Evidence," Policy Research Working Paper Series, The World Bank, number 9400, Sep.
• Roberto Steiner, 2020, "Fedesarrollo y la política monetaria," Libros Fedesarrollo, Fedesarrollo, number 18372, June.
• Yuriy Gorodnichenko & Oleksandr Talavera & Nam Vu, 2020, "Quality of Goods and Price Setting for CPUs," Discussion Papers, Department of Economics, University of Birmingham, number 20-23, Sep.
• Cosmin L. Ilut & Rosen Valchev, 2020, "Economic Agents as Imperfect Problem Solvers," NBER Working Papers, National Bureau of Economic Research, Inc, number 27820, Sep.
• James B. Bullard, 2020, "Bullard Talks about Average Inflation Targeting and Economic Growth with CNBC," Speech, Federal Reserve Bank of St. Louis, number 88759, Aug.
• Pierrick Clerc & Michel De Vroey, 2020, "Brunner Versus Friedman: Diverging Aspirations For The Monetarist Project," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2020027, Jul.
• Colin Weiss, 2020, "Intermediary Asset Pricing during the National Banking Era," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1302, Sep, DOI: 10.17016/IFDP.2020.1302.
• Ivo Bakota, 2020, "Avoiding Root-Finding in the Krusell-Smith Algorithm Simulation," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague, number wp669, Sep.
• Paul J.J. Welfens, 2020, "Macroeconomic Aspects of the Coronavirus Epidemic: Eurozone, EU, US and Chinese Perspectives," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei270, Mar.
• Anand Chopra & Michael B. Devereux & Amartya Lahiri, 2020, "Pandemics Through the Lens of Occupations," NBER Working Papers, National Bureau of Economic Research, Inc, number 27841, Sep.
• Ricardo Branco & João Pinto & Ricardo Ribeiro, 2020, "The Pricing of Bank Bonds, Sovereign Credit Risk and ECB's Asset Purchase Programmes," Working Papers de Economia (Economics Working Papers), Católica Porto Business School, Universidade Católica Portuguesa, number 01, Jan.
• Max Gillman, 2020, "Income Tax Evasion: Tax Elasticity, Welfare, and Revenue," CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 2038, Sep.
• Michel De Vroey, 2020, "Should the History of Macroeconomics Steer Cear of the Fray or be Partisan? A Critical Essay on Banks and Finance in Modern Macroeconomics by B. Ingrao and C. Sardoni," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2020028, Jul.
• Gerlagh, Reyer & Hejimans, Roweno J. R. K. & Rosendahl, Knut Einar, 2020, "Endogenous Emission Caps Always Produce a Green Paradox," Working Paper Series, Norwegian University of Life Sciences, School of Economics and Business, number 4-2020, May.
• Jeremy B. Rudd, 2020, "Underlying Inflation: Its Measurement and Significance," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2020-09-18-1, Sep, DOI: 10.17016/2380-7172.2624.
• Rajashri Chakrabarti & Sebastian Heise & Davide Melcangi & Maxim L. Pinkovskiy & Giorgio Topa, 2020, "How Did State Reopenings Affect Small Businesses?," Liberty Street Economics, Federal Reserve Bank of New York, number 20200921, Sep.
• Feyen,Erik H.B. & Zuccardi Huertas,Igor Esteban, 2020, "Bank Lending Rates and Spreads in EMDEs : Evolution, Drivers, and Policies," Policy Research Working Paper Series, The World Bank, number 9392, Sep.
• Niels J. Gormsen & Ralph S.J. Koijen, 2020, "The Corona Virus, the Stock Market’s Response, and Growth Expectations," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-21.
• Paul J.J. Welfens, 2019, "BREXIT-Wirtschaftsperspektiven für Deutschland und NRW: Mittel- und langfristige Effekte & Politikoptionen," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei260, Jun.
• Rajashri Chakrabarti & Sebastian Heise & Davide Melcangi & Maxim L. Pinkovskiy & Giorgio Topa, 2020, "Did State Reopenings Increase Consumer Spending?," Liberty Street Economics, Federal Reserve Bank of New York, number 20200918b, Sep.
• Carlos Caballero, 2020, "Fedesarrollo y la economía del narcotráfico," Libros Fedesarrollo, Fedesarrollo, number 18378, June.
• Luis Fernando Mejía, 2020, "La influencia de Fedesarrollo : perspectivas y retos," Libros Fedesarrollo, Fedesarrollo, number 18370, June.
• Markus Eller & Niko Hauzenberger & Florian Huber & Helene Schuberth & Lukas Vashold, 2020, "Capital Flows and the Stabilizing Role of Macroprudential Policies in CESEE," Papers, arXiv.org, number 2009.06391, Sep.
• Hlouskova, Jaroslava & Tsigaris, Panagiotis, 2020, "A behavioral economic approach to multiple job holdings with leisure," IHS Working Paper Series, Institute for Advanced Studies, number 23, Sep.
• Ximena Cadena, 2020, "Celebrando 50 anos de Fedesarrollo," Libros Fedesarrollo, Fedesarrollo, number 18382, June.
• Lucía Arango-Lozano & Lukas Menkhoff & Daniela Rodríguez-Novoa & Mauricio Villamizar-Villegas, 2020, "The Effectiveness of FX Interventions: A Meta-Analysis," Borradores de Economia, Banco de la Republica de Colombia, number 1132, Sep, DOI: https://doi.org/10.32468/be.1132.
• Bańbura, Marta & Bobeica, Elena, 2020, "Does the Phillips curve help to forecast euro area inflation?," Working Paper Series, European Central Bank, number 2471, Sep.
• Biswajit Nag & Willem van der Geest, 2020, "Economic Impact Analysis of Covid-19 Implication on India’s GDP, Employment and Inequality," Working Papers, Indian Institute of Foreign Trade, number 2041, Aug.

Report NEP-MAC-2020-10-05

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: