Report NEP-MAC-2020-10-26

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.

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Other reports in NEP-MAC

The following items were announced in this report:

• Jean-Bernard, Chatelain & Kirsten, Ralf, 2020, "How Macroeconomists Lost Control of Stabilization Policy: Towards Dark Ages," MPRA Paper, University Library of Munich, Germany, number 103244, Sep.
• Oh, Joonseok & Rogantini Picco, Anna, 2020, "Macro Uncertainty and Unemployment Risk," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 395, Oct.
• Huixin Bi & Wenyi Shen & Shu-Chun S. Yang, 2020, "Fiscal Implications of Interest Rate Normalization in the United States," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 20-12, Oct, DOI: 10.18651/RWP2020-12.
• Jesús Rodríguez-López & Mario Solís-García, 2020, "On the Magnitude of the Expenditure Multiplier," Working Papers, Universidad Pablo de Olavide, Department of Economics, number 20.05, Oct.
• Edoardo Palombo, 2020, "Unconventional Monetary Policy, Leverage & Default Dynamics," Working Papers, Queen Mary University of London, School of Economics and Finance, number 910, Jun.
• Filippo Occhino, 2020, "Quantitative Easing and Direct Lending in Response to the COVID-19 Crisis," Working Papers, Federal Reserve Bank of Cleveland, number 20-29, Oct, DOI: 10.26509/frbc-wp-202029.
• Celso José Costa Jr & Alejandro Garcia-Cintado & Karlo Marques, 2020, "Conventional macroeconomic policies and the pandemic-driven recession," Working Papers, Universidad Pablo de Olavide, Department of Economics, number 20.03, Apr.
• Mauricio Ulate, 2020, "Alternative Models of Interest Rate Pass-Through in Normal and Negative Territory," Working Paper Series, Federal Reserve Bank of San Francisco, number 2020-31, Sep, DOI: 10.24148/wp2020-31.
• Pratiti Chatterjee & Fabio Milani, 2020, "Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle," CESifo Working Paper Series, CESifo, number 8608.
• Leonardo N. Ferreira, 2020, "Forward Guidance Matters: Disentangling Monetary Policy Shocks," Working Papers, Queen Mary University of London, School of Economics and Finance, number 912, Sep.
• E Philip Davis & Dilruba Karim & Dennison Noel, 2020, "Macroprudential Policy, Monetary Policy and the Bank Interest Rate Margin," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 515, Oct.
• Michael T. Kiley, 2020, "Pandemic Recession Dynamics: The Role of Monetary Policy in Shifting a U-Shaped Recession to a V-Shaped Rebound," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-083, Oct, DOI: 10.17016/FEDS.2020.083.
• Alvaro Fernandez-Gallardo & Ivan Paya, 2020, "Macroprudential Policy in the Euro Area," Working Papers, Lancaster University Management School, Economics Department, number 307121127.
• Uddin, Md Akther & Ali, Md Hakim & Radwan, Maha, 2019, "Can GDP Growth Linked Instrument Be Used For Islamic Monetary Policy?," MPRA Paper, University Library of Munich, Germany, number 102888, Aug.
• Parui, Pintu, 2020, "Corporate Debt, Rentiers' Portfolio Dynamics, Instability and Growth: A neo-Kaleckian Perspective," MPRA Paper, University Library of Munich, Germany, number 102870, Sep.
• Andrey Alexandrov, 2020, "The Effects of Trend Inflation on Aggregate Dynamics and Monetary Stabilization," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_216, Oct.
• Joerg Bibow, 2020, " The General Theory as "Depression Economics"? Financial Instability and Crises in Keynes's Monetary Thought," Economics Working Paper Archive, Levy Economics Institute, number wp_974, Oct.
• Christopher M. Gunn & Alok Johri & Marc-Andre Letendre, 2020, "Charge-offs, Defaults and the Financial Accelerator," Department of Economics Working Papers, McMaster University, number 2020-17, Oct.
• Karl-Friedrich Israel & Gunther Schnabl, 2020, "Alternative Measures of Price Inflation and the Perception of Real Income in Germany," CESifo Working Paper Series, CESifo, number 8583.
• Frohm, Erik, 2020, "Labor shortages and wage growth," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 394, Sep.
• Whelsy BOUNGOU, 2020, "Empirical Evidence of the Lending Channel of Monetary Policy under Negative Interest Rates," Bordeaux Economics Working Papers, Bordeaux School of Economics (BSE), number 2020-16.
• Uddin, Md Akther, 2019, "Islamic Monetary Economics: Insights from the Literature," MPRA Paper, University Library of Munich, Germany, number 102887.
• Manuel Gonzalez-Astudillo & Jean-Philippe Laforte, 2020, "Estimates of r* Consistent with a Supply-Side Structure and a Monetary Policy Rule for the U.S. Economy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-085, Oct, DOI: 10.17016/FEDS.2020.085.
• Claudio Sardoni, 2020, "Budget deficits, public debt and the Ricardian Equivalence," Working Papers, Sapienza University of Rome, DISS, number 18/20, Sep.
• Terry J. Fitzgerald & Callum J. Jones & Mariano Kulish & Juan Pablo Nicolini, 2020, "Is There a Stable Relationship between Unemployment and Future Inflation?," Staff Report, Federal Reserve Bank of Minneapolis, number 614, Oct, DOI: 10.21034/sr.614.
• Rolf Färe & Valentin Zelenyuk, 2020, "POn Fisher Aggregation of Multi-factor Productivity Indexes," CEPA Working Papers Series, School of Economics, University of Queensland, Australia, number WP082020, Jun.
• Sangyup Choi & Junhyeok Shin, 2020, "Household Indebtedness and the Macroeconomic Effects of Tax Changes," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2020rwp-178, Oct.
• Rafiq, Shuddhasattwa, 2020, "Projecting post-crisis house and equity prices since the 1870s:not all crises are alike," MPRA Paper, University Library of Munich, Germany, number 103164, Jul.
• Oliver Holtemöller & Alexander Kriwoluzky & Boreum Kwak, 2020, "Exchange Rates and the Information Channel of Monetary Policy," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1906.
• Palma, J. G., 2020, "Finance as Perpetual Orgy. How the ‘new alchemists’ twisted Kindleberger’s cycle of “manias, panics and crashes” to “manias, panics and renewed-manias”," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2094, Oct.
• Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020, "The Effects of Macroeconomic Shocks: Household Financial Distress Matters," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 20-13, Oct, revised 04 Jan 2024, DOI: 10.18651/RWP2020-13.
• Gruber, Noam, 2020, "A Relative Answer to the Growth-Saving Puzzle," MPRA Paper, University Library of Munich, Germany, number 103349, Oct.
• Jean-Luc Gaffard, 2020, "De la crise sanitaire à la crise économique ou la double exigence," GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, number 2020-41, Oct.
• Rafael Guntin & Pablo Ottonello & Diego Perez, 2020, "The Micro Anatomy of Macro Consumption Adjustments," NBER Working Papers, National Bureau of Economic Research, Inc, number 27917, Oct.
• Razzak, Weshah, 2020, "Future Fiscal Adjustments and Debt Sustainability," MPRA Paper, University Library of Munich, Germany, number 103380, Oct.
• Doojav, Gan-Ochir & Damdinjav, Davaasukh, 2019, "The policy-driven boom and bust in the housing market: Evidence from Mongolia," MPRA Paper, University Library of Munich, Germany, number 102933, revised 2019.
• Leandro Prados de la Escosura, 2020, "Capital in Spain, 1850-2019," Working Papers, European Historical Economics Society (EHES), number 0197, Oct.
• Natsuki Arai, 2020, "The FOMC’s New Individual Economic Projections and Macroeconomic Theories," Working Papers, The George Washington University, The Center for Economic Research, number 2020-007, Oct.
• Bayari, Celal, 2020, "South Korean Economy and the Free Trade Agreement with China," MPRA Paper, University Library of Munich, Germany, number 102938, May, revised 21 Jun 2020.
• Michael Pedersen, 2020, "Surveying the survey: What can we learn about the effects of monetary policy on inflation expectations?," Working Papers Central Bank of Chile, Central Bank of Chile, number 889, Sep.
• Christopher Roth & Sonja Settele & Johannes Wohlfart, 2021, "Risk Exposure and Acquisition of Macroeconomic Information," CEBI working paper series, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI), number 20-24, 01.
• Ray Barrell & Dilruba Karim, 2020, "Banking Concentration and Financial Crises," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 516, Oct.
• David M. Arseneau, 2020, "Central Bank Communication with a Financial Stability Objective," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-087, Oct, DOI: 10.17016/FEDS.2020.087.
• Simplice A. Asongu & Samba Diop & Joseph Nnanna, 2020, "Health Vulnerability versus Economic Resilience to the Covid-19 pandemic: Global Evidence," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 20/074, Sep.
• Hiona Balfoussia & Heather D. Gibson & Dimitris Malliaropulos & Dimitris Papageorgiou, 2020, "The economic impact of pandemics: real and financial transmission channels," Working Papers, Bank of Greece, number 283, Sep.
• Mahdi Ebsim & Miguel Faria-e-Castro & Julian Kozlowski, 2020, "Credit and Liquidity Policies during Large Crises," Working Papers, Federal Reserve Bank of St. Louis, number 2020-035, Oct, revised 22 Feb 2024, DOI: 10.20955/wp.2020.035.
• Ryo Arawatari & Takeo Hori & Kazuo Mino, 2020, "Productive government expenditure and economic growth in a heterogeneous-agents model," KIER Working Papers, Kyoto University, Institute of Economic Research, number 1044, Oct.
• Pierre-Richard Agénor & Timothy P. Jackson & Luiz Pereira da Silva, 2020, "Cross-Border Regulatory Spillovers and Macroprudential Policy Coordination," Working Papers, University of Liverpool, Department of Economics, number 202028, Sep.
• Emilio Carnevali & Matteo Deleidi, 2020, "The Trade-off between Inflation and Unemployment in an MMT World: An Open Economy Perspective," Economics Working Paper Archive, Levy Economics Institute, number wp_973, Oct.
• John C. Williams, 2020, "The Longer-Run Framework: A Look Ahead," Speech, Federal Reserve Bank of New York, number 88849, Oct.
• Cem Cakmakli & Hamza Demircan, 2020, "Using Survey Information for Improving the Density Nowcasting of US GDP with a Focus on Predictive Performance during Covid-19 Pandemic," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 2016, Oct.
• Gabriel Chodorow-Reich & Olivier Darmouni & Stephan Luck & Matthew C. Plosser, 2020, "Bank Liquidity Provision Across the Firm Size Distribution," NBER Working Papers, National Bureau of Economic Research, Inc, number 27945, Oct.
• Brian Hartley, 2020, "Corridor stability of the Kaleckian growth model: a Markov-switching approach," Working Papers, New School for Social Research, Department of Economics, number 2013, Oct, revised Nov 2020.
• Aditya Goenka & Lin Liu & Manh-Hung Nguyen, 2020, "Modeling optimal quarantines under infectious disease related mortality," Working Papers, University of Liverpool, Department of Economics, number 202025, Sep.
• Luis Felipe Céspedes & Roberto Chang, 2020, "Optimal Foreign Reserves and Central Bank Policy Under Financial Stress," NBER Working Papers, National Bureau of Economic Research, Inc, number 27923, Oct.
• Mathieu Pedemonte, 2020, "Fireside Chats: Communication and Consumers’ Expectations in the Great Depression," Working Papers, Federal Reserve Bank of Cleveland, number 20-30, Oct, DOI: 10.26509/frbc-wp-202030.
• Mary Amiti & Oleg Itskhoki & Jozef Konings, 2020, "Dominant Currencies: How Firms Choose Currency Invoicing and Why it Matters," NBER Working Papers, National Bureau of Economic Research, Inc, number 27926, Oct.
• Samba Diop & Simplice A. Asongu, 2020, "Global health care infrastructure and Africa in times of Covid-19: insights for sustainable development and future pandemics," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 20/073, Jun.
• Ben Zhe Wang & Jeffrey Sheen & Stefan Truck & Shih-Kang Chao & Wolfgang Karl Hardle, 2020, "A note on the impact of news on US household inflation expectations," Papers, arXiv.org, number 2009.11557, Sep.
• J. Scott Davis & Kevin X. D. Huang & Ayse Sapci, 2020, "Land Price Dynamics and Macroeconomic Fluctuations with Imperfect Substitution in Real Estate Markets," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 401, Sep, revised 18 May 2021, DOI: 10.24149/gwp401r1.
• Alexander Chudik & Kamiar Mohaddes & M. Hashem Pesaran & Mehdi Raissi & Alessandro Rebucci, 2020, "A Counterfactual Economic Analysis of COVID-19 Using a Threshold Augmented Multi-Country Model," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 402, Oct, DOI: 10.24149/gwp402.
• Kladivko, Kamil & Österholm, Pär, 2020, "Can Households Predict where the Macroeconomy is Headed?," Working Papers, Örebro University, School of Business, number 2020:11, Oct.
• Hans-Eggert Reimers & Friedrich Schneider & Franz Seitz, 2020, "Payment Innovations, the Shadow Economy and Cash Demand of Households in Euro Area Countries," CESifo Working Paper Series, CESifo, number 8574.
• John Coglianese & Brendan M. Price, 2020, "Income in the Off-Season: Household Adaptation to Yearly Work Interruptions," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-084, Oct, DOI: 10.17016/FEDS.2020.084.
• Sylvie Rivot, 2020, "Information and Expectations in Policy-Making: Friedman's Changing Approaches to Macroeconomic Dynamics," GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, number 2020-39, Oct.
• Jane E. Ihrig & Zeynep Senyuz & Gretchen C. Weinbach, 2020, "Implementing Monetary Policy in an "Ample-Reserves" Regime: When in Crisis (Note 3 of 3)," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2020-10-02, Oct, DOI: 10.17016/2380-7172.2744.
• Zhu, Tao & Wallace, Neil, 2020, "Fixed and Flexible Exchange-rates in Two Matching Models: Non-equivalence Results," MPRA Paper, University Library of Munich, Germany, number 102913, Sep.
• Alexander Chudik & Kamiar Mohaddes & M. Hashem Pesaran & Mehdi Raissi & Alessandro Rebucci, 2020, "A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model," CESifo Working Paper Series, CESifo, number 8588.
• Arno Botha & Conrad Beyers & Pieter de Villiers, 2020, "Simulation-based optimisation of the timing of loan recovery across different portfolios," Papers, arXiv.org, number 2009.11064, Sep, revised Apr 2021.
• Frederik P. Schlingemann & René M. Stulz, 2020, "Have Exchange-Listed Firms Become Less Important for the Economy?," NBER Working Papers, National Bureau of Economic Research, Inc, number 27942, Oct.
• Wen-Tai Hsu & Hsuan-Chih (Luke) Lin & Han Yang, 2020, "Between Lives and Economy: Optimal COVID-19 Containment Policy in Open Economies," Economics and Statistics Working Papers, Singapore Management University, School of Economics, number 20-2020, Oct.
• Nix, Emily, 2020, "A researcher’s guide to the Swedish compulsory school reform," Working Paper Series, IFAU - Institute for Evaluation of Labour Market and Education Policy, number 2020:14, Sep.
• Banu Demir Pakel & Beata Smarzynska Javorcik & Tomasz K. Michalski & Evren Ors, 2020, "Financial Constraints and Propagation of Shocks in Production Networks," CESifo Working Paper Series, CESifo, number 8607.
• H.E. Dr. Majid Al Moneef & Fakhri Hasanov, 2020, "Fiscal Multipliers for Saudi Arabia Revisited," Discussion Papers, King Abdullah Petroleum Studies and Research Center, number ks--2020-dp21, Oct, DOI: 10.30573/KS--2020-DP21.
• Emmanuel Saez & Gabriel Zucman, 2020, "The Rise of Income and Wealth Inequality in America: Evidence from Distributional Macroeconomic Accounts," NBER Working Papers, National Bureau of Economic Research, Inc, number 27922, Oct.
• Edoardo Palombo, 2020, "Uncertainty, Intangible Capital, and Productivity Dynamics," Working Papers, Queen Mary University of London, School of Economics and Finance, number 909, Jun.
• Orazio Attanasio & Agnes Kovacs & Patrick Moran, 2020, "Temptation and Commitment: A Model of Hand-to-Mouth Behavior," NBER Working Papers, National Bureau of Economic Research, Inc, number 27944, Oct.
• Item repec:isu:genstf:201901010800008031 is not listed on IDEAS anymore

• Samba Diop & Simplice A. Asongu & Joseph Nnanna, 2020, "Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 20/070, Oct.
• Mariam Camarero & Josep Lluís Carrión-i-Silvestre & Cecilio Tamarit, 2020, "External imbalances from a GVAR perspective," Working Papers, Department of Applied Economics II, Universidad de Valencia, number 2005, Sep.
• Krittika Banerjee & Ashima Goyal, 2020, "Monetary spillovers and real exchange rate misalignments in emerging markets," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2020-030, Sep.
• Yayi Yan & Jiti Gao & Bin peng, 2020, "A Class of Time-Varying Vector Moving Average (infinity) Models," Monash Econometrics and Business Statistics Working Papers, Monash University, Department of Econometrics and Business Statistics, number 39/20.
• Emmanuel Saez & Gabriel Zucman, 2020, "Trends in US Income and Wealth Inequality: Revising After the Revisionists," NBER Working Papers, National Bureau of Economic Research, Inc, number 27921, Oct.
• Item repec:cpb:discus:417.rdf is not listed on IDEAS anymore

• Andrew Clark, 2020, "A Pound Centric look at the Pound vs. Krona Exchange Rate Movement from 1844 to 1965," Economics Discussion Papers, Department of Economics, University of Reading, number em-dp2020-22, Oct.
• Hirono, Makoto & Mino, Kazuo, 2020, "Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model," MPRA Paper, University Library of Munich, Germany, number 102467, Jul.
• Philip Sauré & Philipp Herkenhoff, 2020, "How Expected Inflation Distorts the Current Account and the Valuation Effect," Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, number 2022, Oct, revised 10 Nov 2020.
• Item repec:csa:wpaper:2020-19 is not listed on IDEAS anymore

• Yannick Bury & Lars P. Feld & Ekkehard A. Köhler, 2020, "Do Party Ties Increase Transfer Receipts in Cooperative Federalism? - Evidence from Germany," CESifo Working Paper Series, CESifo, number 8580.
• James B. Bullard, 2020, "Interview With St. Louis Fed President James Bullard, Wall Street Journal," Speech, Federal Reserve Bank of St. Louis, number 88876, Oct.
• Eric Rosengren, 2020, "The Economy’s Outlook, Challenges, and Way Forward," Speech, Federal Reserve Bank of Boston, number 88885, Sep.
• James B. Bullard, 2020, "COVID-19 and the U.S. Economy: Progress on Health and Incomes," Speech, Federal Reserve Bank of St. Louis, number 88875, Sep.
• Eric Rosengren, 2020, "Economic Fragility: Implications for Recovery from the Pandemic," Speech, Federal Reserve Bank of Boston, number 88886, Oct.
• Jarociński, Marek, 2020, "Central bank information effects and transatlantic spillovers," Working Paper Series, European Central Bank, number 2482, Oct.
• Pelzl, Paul & Valderrama, Maria Teresa, 2020, "Capital Regulations and the Management of Credit Commitments during Crisis Times," Discussion Papers, Norwegian School of Economics, Department of Business and Management Science, number 2020/12, Oct.
• Haroon Mumtaz, 2020, "A Generalised Stochastic Volatility in Mean VAR. An Updated Algorithm," Working Papers, Queen Mary University of London, School of Economics and Finance, number 908, Jul.
• Amavilah, Voxi Heinrich, 2020, "T’was slouching towards an illusion and now it’s scurrying toward a delusion: A COVID19-shocked doughnut model economy," MPRA Paper, University Library of Munich, Germany, number 103263, Oct.
• James B. Bullard, 2020, "Bullard Interviewed on Fox Business," Speech, Federal Reserve Bank of St. Louis, number 88877, Oct.
• Santiago Caicedo & Miguel Espinosa & Arthur Seibold, 2020, "Unwilling to Train? Firm Responses to the Colombian Apprenticeship Regulation," CESifo Working Paper Series, CESifo, number 8598.
• de Bruin, Kelly & Monaghan, Eoin & Yakut, Aykut Mert, 2020, "The use of the I3E model in macroeconomic analysis for the Irish economy," Papers, Economic and Social Research Institute (ESRI), number WP679.
• Kluge, Jan & Lappoehn, Sarah & Plank, Kerstin, 2020, "The Determinants of Economic Competitiveness," IHS Working Paper Series, Institute for Advanced Studies, number 24, Oct.
• Georgij Alekseev & Safaa Amer & Manasa Gopal & Theresa Kuchler & JW Schneider & Johannes Stroebel & Nils Wernerfelt, 2020, "The Effects of Covid-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees," CESifo Working Paper Series, CESifo, number 8578.
• Claire Greene & Joanna Stavins, 2020, "Consumer Payment Choice for Bill Payments," Working Papers, Federal Reserve Bank of Boston, number 20-9, Jun, DOI: 10.29412/res.wp.2020.09.
• Todd Keister & Yuliyan Mitkov, 2020, "Allocating Losses: Bail-ins, Bailouts and Bank Regulation," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_091, Sep.

Report NEP-MAC-2020-10-26

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: