Report NEP-MAC-2020-10-12

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:

• Lechthaler, Wolfgang & Tesfaselassie, Mewael F., 2020. "Endogenous growth, skill obsolescence and output hysteresis in a New Keynesian model with unemployment," Kiel Working Papers 2162, Kiel Institute for the World Economy (IfW Kiel).
• Pratiti Chatterjee & Fabio Milani, 2020. "Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle," Working Papers 202101, University of California-Irvine, Department of Economics.
• Joonyoung Hur & Jong-Suk Han, 2020. "Effect of Monetary Policy on Government Spending Multiplier," Working Papers 2004, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
• Victor Pontines, 2019. "The Real Effects of Loan-To-Value Limits: Empirical Evidence from Korea," Working Papers wp39, South East Asian Central Banks (SEACEN) Research and Training Centre.
• Refet S. Gürkaynak & A. Hakan Kara & Burcin Kisacikoglu, 2020. "Monetary Policy Surprises and Exchange Rate Behavior," CESifo Working Paper Series 8557, CESifo.
• Joonyoung Hur, 2020. "Labor Income Share and Economic Fluctuations: A Sign-restricted VAR Approach," Working Papers 2002, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
• Tanweer Akram & Huiqing Li, 2020. "The Empirics of UK Gilts' Yields," Economics Working Paper Archive wp_969, Levy Economics Institute.
• Roman Horvath & Lorant Kaszab & Ales Marsal, 2020. "Equity Premium and Monetary Policy in a Model with Limited Asset Market Participation," MNB Working Papers 2020/3, Magyar Nemzeti Bank (Central Bank of Hungary).
• Kenny, Seán & Lennard, Jason & Turner, John D., 2021. "The macroeconomic effects of banking crises: evidence from the United Kingdom, 1750–1938," LSE Research Online Documents on Economics 106585, London School of Economics and Political Science, LSE Library.
• José Alves & Tomás Silva, 2020. "An Empirical Assessment of Monetary Policy Channels on Income and Wealth Disparities," Working Papers REM 2020/0144, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Cem Cakmakli & Selva Demiralp, 2020. "A Dynamic Evaluation of Central Bank Credibility," Koç University-TUSIAD Economic Research Forum Working Papers 2015, Koc University-TUSIAD Economic Research Forum.
• Gouriéroux Christian & Monfort Alain & Mouabbi Sarah & Renne Jean-Paul, 2020. "Disastrous Defaults," Working papers 778, Banque de France.
• Harald Badinger & Stefan Schiman, 2020. "Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates," CESifo Working Paper Series 8558, CESifo.
• John Michael, Riveros Gavilanes, 2020. "Una aproximación al análisis de causalidad entre la inflación y el desempleo en Colombia durante el nuevo milenio [An empirical approximation to the causality analysis between inflation and unemplo," MPRA Paper 103231, University Library of Munich, Germany.
• Yunmin Chen & YiLi Chien & Yi Wen & C.C. Yang, 2020. "Should Capital Be Taxed?," Working Papers 2020-033, Federal Reserve Bank of St. Louis, revised 10 Dec 2020.
• Bardt, Hubertus & Demary, Markus & Grömling, Michael & Hentze, Tobias & Hüther, Michael & Kolev, Galina V. & Schäfer, Holger, 2020. "Weite Wege der Erholung: IW-Konjunkturprognose Herst 2020 [The long road to recovery]," IW-Reports 46/2020, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• Gianluca Cafiso, 2020. "The Contribution of Loans to Economic Activity," CESifo Working Paper Series 8530, CESifo.
• Atalay, Kadir & Edwards, Rebecca & Schurer, Stefanie & Ubilava, David, 2020. "Lives Saved during Economic Downturns: Evidence from Australia," IZA Discussion Papers 13742, Institute of Labor Economics (IZA).
• Andrzej Rzońca & Andrzej Halesiak, 2020. "Is the economy doomed to a long recession?," mBank - CASE Seminar Proceedings 0165, CASE-Center for Social and Economic Research.
• Istrefi Klodiana & Odendahl Florens & Sestieri Giulia, 2020. "Fed Communication on Financial Stability Concerns and Monetary Policy Decisions: Revelations from Speeches," Working papers 779, Banque de France.
• Remzi Baris Tercioglu, 2020. "A sectoral approach to measuring output gap: Evidence from 20 US sectors over 1948-2019," Working Papers 2012, New School for Social Research, Department of Economics, revised Jun 2021.
• Ernesto Bernal Martínez, 2020. "Impacto de choques transitorios y de largo plazo en el PIB e Inflación de Bolivia: Un modelo de vectores autorregresivos estructurales," Development Research Working Paper Series 05/2020, Institute for Advanced Development Studies.
• Koray Caglayan & Steven M. Sheffrin, 2020. "Giver and Taker States Over the Business Cycle," Working Papers 2001, Tulane University, Department of Economics.
• Marianna Endrész, 2020. "The bank lending channel during financial turmoil," MNB Working Papers 2020/5, Magyar Nemzeti Bank (Central Bank of Hungary).
• Andrade Philippe & Coibion Olivier & Gautier Erwan & Gorodnichenko Yuriy, 2020. "No Firm Is an Island? How Industry Conditions Shape Firms’ Expectations," Working papers 780, Banque de France.
• Giovanni Scarano, 2020. "Finacialisation Of Non-Financial Corporations And Effective Demand: An Analysis Framework," Departmental Working Papers of Economics - University 'Roma Tre' 0256, Department of Economics - University Roma Tre.
• Victor Nechifor & Emanuele Ferrari & Evelyne Kihiu & Joshua Laichena & Daniel Omanyo & Rogers Musamali & Benson Kiriga, 2020. "COVID-19 impacts and short-term economic recovery in Kenya," JRC Research Reports JRC121284, Joint Research Centre.
• Ke Pang, Christos Shiamptanis, 2020. "Fiscal implications of the pandemic," LCERPA Working Papers ec0122, Laurier Centre for Economic Research and Policy Analysis, revised 2020.
• Ignacio P. Campomanes, 2020. "The Political Economy of Inequality, Mobility and Redistribution," NCID Working Papers 05/2020, Navarra Center for International Development, University of Navarra.
• Gustavo Adolfo HERNANDEZ-DIAZ & Luis Felipe QUINTERO, 2020. "Diferencias regionales del impacto del confinamiento en Colombia," Archivos de Economía 18428, Departamento Nacional de Planeación.
• Taiji Inui & Wataru Takahashi & Mamoru Ishida, 2020. "On Possible Measures and Processes to Issue Digital Common Currency in ASEAN + 3 Including Challenges and Opportunities," Discussion Paper Series DP2020-27, Research Institute for Economics & Business Administration, Kobe University, revised Sep 2020.
• Tania Camila LAMPREA-BARRAGÁN & Vanessa OSPINA-CARTAGENA & Gustavo Adolfo HERNANDEZ-DIAZ & Ana RIVERA-MORENO, 2020. "Una medida de los efectos potenciales del Covid-19 en el empleo: el caso de la política de aislamiento preventivo obligatorio en Colombia," Archivos de Economía 18424, Departamento Nacional de Planeación.
• Bozhechkova, Alexandra (Божечкова, Александра) & Dobronravova, Elizaveta (Добронравова, Елизавета) & Evseev, Alexey (Евсеев, Алексей) & Shemyakina, Kira (Шемякина, Кира) & Trunin, Pavel (Трунин, Павел, 2020. "Impact of the degree of price rigidity on the possibilities of monetary policy [Влияние Степени Жесткости Цен На Возможности Денежно-Кредитной Политики]," Working Papers 052013, Russian Presidential Academy of National Economy and Public Administration.
• Victor Pontines, 2019. "A Provincial View of Consumption Risk Sharing: Asset Classes as Shock Absorbers," Working Papers wp37, South East Asian Central Banks (SEACEN) Research and Training Centre.
• Asongu, Simplice & Nnanna, Joseph, 2020. "Governance and the Capital Flight Trap in Africa," MPRA Paper 103226, University Library of Munich, Germany.
• Barbara Sadaba & Sunčica Vujič & Sofia Maier, 2020. "Cyclicality of Schooling: New Evidence from Unobserved Components Models," Staff Working Papers 20-38, Bank of Canada.
• Claudio Campanale, 2020. "Consumption insurance and education: A puzzle?," Working papers 069, Department of Economics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
• Charles Yuji Horioka, 2020. "Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey," Discussion Paper Series DP2020-28, Research Institute for Economics & Business Administration, Kobe University.
• Danilo Leiva-Leon & Gabriel Pérez-Quirós & Eyno Rots, 2020. "Real-Time Weakness of the Global Economy: A First Assessment of the Coronavirus Crisis," MNB Working Papers 2020/4, Magyar Nemzeti Bank (Central Bank of Hungary).
• Anmol Bhandari & Ellen R. McGrattan, 2020. "Online Appendix: Sweat Equity in U.S. Private Business," Staff Report 612, Federal Reserve Bank of Minneapolis.
• Tsutomu Watanabe, 2020. "The Welfare Implications of Massive Money Injection: The Japanese Experience from 2013 to 2020," Working Papers on Central Bank Communication 028, University of Tokyo, Graduate School of Economics.
• Anneke Kosse & Zhentong Lu & Gabriel Xerri, 2020. "Predicting Payment Migration in Canada," Staff Working Papers 20-37, Bank of Canada.
• Chudik, A. & Mohaddes, K. & Pesaran, M. H. & Raissi, M. & Rebucci, A., 2020. "A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model," Cambridge Working Papers in Economics 2088, Faculty of Economics, University of Cambridge.
• Caperna, Giulio & Colagrossi, Marco & Geraci, Andrea & Mazzarella, Gianluca, 2020. "Googling Unemployment During the Pandemic: Inference and Nowcast Using Search Data," Working Papers 2020-04, Joint Research Centre, European Commission.
• Christian Conrad & Zeno Enders & Alexander Glas, 2020. "The Role of Information and Experience for Households' Inflation Expectations," CESifo Working Paper Series 8528, CESifo.
• Bosankic, Alen & Hütten, Moritz & Klüh, Ulrich, 2019. ""Kölner Devisen": Fachöffentliche Erwartungsrevisionen in Folge der Herstatt-Krise ["Cologne Foreign Exchange": Public revisions of expectations as a result of the Herstatt cris," ZNWU Discussion Papers 1, Darmstadt University of Applied Sciences, Darmstadt Business School, Center for Sustainable Economic and Corporate Policy (SECP).
• Klaus Gründler & Niklas Potrafke, 2020. "Experts and Epidemics," CESifo Working Paper Series 8556, CESifo.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2020. "A Suggestion for a Dynamic Multi Factor Model (DMFM)," Working Papers 282, Bank of Greece.
• Petra Landovska, 2020. "Business Cycle Sensitivity of Statutory Health Insurance: Evidence from the Czech Republic," Working Papers IES 2020/33, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2020.
• Yavuz Arslan & Bulent Guler & Burhan Kuruscu, 2020. "Credit supply driven boom-bust cycles," BIS Working Papers 885, Bank for International Settlements.
• Mouyad Alsamara & Zouhair Mrabet & Ahmad Shikh Ebid, 2020. "Scenario-Based Forecast for Post-Conflict’s Growth in Syria," Working Papers 1385, Economic Research Forum, revised 20 Apr 2020.
• Anneke Kosse & Zhentong Lu & Gabriel Xerri, 2020. "An Economic Perspective on Payments Migration," Staff Working Papers 20-24, Bank of Canada.
• Schlag, Christian & Semenischev, Michael & Thimme, Julian, 2020. "Predictability and the cross-section of expected returns: A challenge for asset pricing models," SAFE Working Paper Series 289, Leibniz Institute for Financial Research SAFE.
• Cruz, Manuel Máximo, 2020. "Siloplazo, seguridad para el productor agrícola y estabilidad para la macroeconomía [Siloplazo, security for the agricultural producer and stability for the macroeconomy]," MPRA Paper 103146, University Library of Munich, Germany.
• P.S. Renjith & K. R. Shanmugam, "undated". "Sustainable Debt Policies of Indian State Governments," Working Papers 2016-171, Madras School of Economics,Chennai,India.
• Burkhard Heer & Andreas Irmen & Bernd Süssmuth, 2020. "Explaining the Decline in the US Labor Share: Taxation and Automation," DEM Discussion Paper Series 20-20, Department of Economics at the University of Luxembourg.
• Tomoo Inoue & Tatsuyoshi Okimoto, 2020. "International Spillover Effects of Unconventional Monetary Policies of Major Central Banks," Working Papers hal-02938960, HAL.
• Fuchs-Schündeln, Nicola & Krueger, Dirk & Ludwig, Alexander & Popova, Irina, 2020. "The long-term distributional and welfare effects of Covid-19 school closures," ZEW Discussion Papers 20-045, ZEW - Leibniz Centre for European Economic Research.
• Fuchs-Schündeln, Nicola & Krueger, Dirk & Ludwig, Alexander & Popova, Irina, 2020. "The long-term distributional and welfare effects of Covid-19 school closures," SAFE Working Paper Series 290, Leibniz Institute for Financial Research SAFE.
• Dufrénot Gilles & Gossé Jean-Baptiste & Clerc Caroline, 2020. "Risk Sharing in Europe: New Empirical Evidence on the Capital Markets Channel," Working papers 781, Banque de France.
• Jean Bernard Chatelain & Kirsten Ralf, 2020. "How Macroeconomists Lost Control of Stabilization Policy: Towards Dark Ages," Papers 2010.00212, arXiv.org.
• Kamiar Mohaddes & Mehdi Raissi & Niranjan Sarangi, 2020. "Macroeconomic Effects of Global Shocks in The GCC: Evidence from Saudi Arabia," Working Papers 1388, Economic Research Forum, revised 20 Apr 2020.
• Abi-Nassif,Christophe & Islam,Asif Mohammed & Lederman,Daniel, 2020. "Perceptions, Contagion, and Civil Unrest," Policy Research Working Paper Series 9416, The World Bank.
• Harold M. Hastings & Tai Young-Taft & Chih-Jui Tsen, 2020. "Ecology, Economics, and Network Dynamics," Economics Working Paper Archive wp_971, Levy Economics Institute.
• Paolo Martellini & Guido Menzio, 2020. "Jacks of All Trades and Masters of One: Declining Search Frictions and Unequal Growth," Staff Report 613, Federal Reserve Bank of Minneapolis.
• Ali Alsamawi & Charles Cadestin & Alexander Jaax & Joaquim Guilhoto & Sébastien Miroudot & Carmen Zürcher, 2020. "Returns to intangible capital in global value chains: New evidence on trends and policy determinants," OECD Trade Policy Papers 240, OECD Publishing.
• Milena Lavigne & Luis Hernán Vargas, 2019. "Social Protection Systems in Latin America and the Caribbean: Dominican Republic," One Pager Arabic 296, International Policy Centre for Inclusive Growth.
• John C. Williams, 2020. "A Solution to Every Puzzle," Speech 88804, Federal Reserve Bank of New York.
• Luiz Brotherhood, 2020. "Slums and Pandemics," Working Papers w202015, Banco de Portugal, Economics and Research Department.
• Luiz Brotherhood, 2020. "An economic model of the Covid-19 pandemic with young and old agents: Behavior, testing and policies," Working Papers w202014, Banco de Portugal, Economics and Research Department.
• Heather D. Gibson & Stephen G. Hall & Deborah Gefang & Pavlos Petroulas & George S. Tavlas, 2020. "Did the absence of a central bank backstop in the sovereign bond markets exacerbate spillovers during the euro-area crisis?," Working Papers 281, Bank of Greece.
• Vladyslav Filatov, 2020. "A New Financial Stress Index for Ukraine," IHEID Working Papers 15-2020, Economics Section, The Graduate Institute of International Studies.
• Ott, Ingrid & Soretz, Susanne, 2020. "Institutional design and spatial (in)equality: The Janus face of economic integration," Kiel Working Papers 2163, Kiel Institute for the World Economy (IfW Kiel).
• Ana Sequeira & Cristina Manteu & Nuno Monteiro, 2020. "O impacto de curto prazo da pandemia COVID-19 nas empresas portuguesas," Working Papers o202003, Banco de Portugal, Economics and Research Department.
• , 2020. "COVID-19 and the Search for Digital Alternatives to Cash," Liberty Street Economics 20200928a, Federal Reserve Bank of New York.
• Konstantin B chel, Stefan Legge, Vincent Pochon, Philipp Wegm ller, 2020. "Swiss Trade During the COVID-19 Pandemic: An Early Appraisal," Diskussionsschriften credresearchpaper30, Universitaet Bern, Departement Volkswirtschaft - CRED.
• Anping Chen & Nicolaas Groenewold, 2020. "Regional resilience in China: The response of the provinces to the growth slowdown," Economics Discussion / Working Papers 20-15, The University of Western Australia, Department of Economics.
• Giovanni Scarano, 2020. "Financial Globalization Effects On Investment Decisions And Financialization Of Big Corporations," Departmental Working Papers of Economics - University 'Roma Tre' 0255, Department of Economics - University Roma Tre.
• Joonyoung Hur & Kyunghun Kim, 2020. "Time-varying Effect of Monetary Policy on Capital Flows in Korea," Working Papers 2003, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).