Report NEP-MAC-2020-11-09

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:

• Dany Brouillette & Julien Champagne & Julien McDonald-Guimond, 2020, "Production potentielle au Canada : réévaluation de 2020," Staff Analytical Notes, Bank of Canada, number 2020-25fr, Oct, DOI: 10.34989/san-2020-25.
• Bing Tong & Guang Yang, 2020, "Interest Rate Pegging, Fluctuations, and Fiscal Policy in China," CFDS Discussion Paper Series, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China, number 2020/3, May.
• Robert J. Hill & Miriam Steurer & Sofie R. Waltl, 2020, "Owner Occupied Housing, Inflation and Monetary Policy," Graz Economics Papers, University of Graz, Department of Economics, number 2020-18, Oct.
• Dmitry Matveev & Julien McDonald-Guimond & Rodrigo Sekkel, 2020, "The neutral rate in Canada: 2020 update," Staff Analytical Notes, Bank of Canada, number 2020-24, Oct, DOI: 10.34989/san-2020-24.
• Kang, Natasha & Marmer, Vadim, 2020, "Modeling Long Cycles," Economics working papers, Vancouver School of Economics, number vadim_marmer-2020-3, Oct, revised 26 Oct 2020.
• Bozhechkova Alexandra & Trunin Pavel & Knobel Alexander, 2020, "Russia’s Monetary Policy in 2018," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2020-1038, revised 2020.
• Biagio Bossone, 2020, "Why MMT can’t work: A Keynesian Perspective," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2020, Oct.
• Joseph E. Stiglitz, 2020, "The Pandemic Economic Crisis, Precautionary Behavior, and Mobility Constraints: An Application of the Dynamic Disequilibrium Model with Randomness," NBER Working Papers, National Bureau of Economic Research, Inc, number 27992, Oct.
• Dany Brouillette & Julien Champagne & Julien McDonald-Guimond, 2020, "Potential output in Canada: 2020 reassessment," Staff Analytical Notes, Bank of Canada, number 2020-25, Oct, DOI: 10.34989/san-2020-25.
• Izryadnova Olga, 2020, "Fixed investment in Russia in 2019," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2020-1048, revised 2020.
• Andrew C. Chang & Trace J. Levinson, 2020, "Raiders of the Lost High-Frequency Forecasts: New Data and Evidence on the Efficiency of the Fed's Forecasting," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-090, Oct, DOI: 10.17016/FEDS.2020.090.
• Gregor Boehl, 2020, "Monetary Policy and Speculative Asset Markets," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_224, Oct.
• Joost Bats & Massimo Giuliodori & Aerdt Houben, 2020, "Monetary policy effects in times of negative interest rates: What do bank stock prices tell us?," Working Papers, DNB, number 694, Oct.
• Dmitry Matveev & Julien McDonald-Guimond & Rodrigo Sekkel, 2020, "Le taux neutre au Canada : mise à jour de 2020," Staff Analytical Notes, Bank of Canada, number 2020-24fr, Oct, DOI: 10.34989/san-2020-24.
• Orazio Attanasio & Kieran P. Larkin & Morten O. Ravn & Mario Padula, 2020, "(S)Cars and the Great Recession," NBER Working Papers, National Bureau of Economic Research, Inc, number 27956, Oct.
• Andrea Carriero & Todd E. Clark & Massimiliano Marcellino & Elmar Mertens, 2020, "Measuring Uncertainty and Its Effects in the COVID-19 Era," Working Papers, Federal Reserve Bank of Cleveland, number 20-32R, Oct, revised 05 Jan 2022, DOI: 10.26509/frbc-wp-202032r.
• Taeyoung Doh & Dongho Song & Shu-Kuei X. Yang, 2020, "Deciphering Federal Reserve Communication via Text Analysis of Alternative FOMC Statements," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 20-14, Oct, revised 16 Oct 2025, DOI: 10.18651/RWP2020-14.
• Christoph Gortz & John D. Tsoukalas & Francesco Zanetti, 2020, "News Shocks Under Financial Frictions," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-94, Oct.
• Bańbura, Marta & Bobeica, Elena, 2020, "PCCI – a data-rich measure of underlying inflation in the euro area," Statistics Paper Series, European Central Bank, number 38, Oct.
• Matteo Cacciatore & Federico Ravenna, 2020, "Uncertainty, Wages, and the Business Cycle," NBER Working Papers, National Bureau of Economic Research, Inc, number 27951, Oct.
• Gomez-Gonzalez, Jose Eduardo & Hirs-Garzon, Jorge & Uribe, Jorge M., 2020, "Global effects of US uncertainty: real and financial shocks on real and financial markets," Working papers, Red Investigadores de Economía, number 69, Oct.
• Item repec:bon:boncrc:crctr224_2020_142v1 is not listed on IDEAS anymore

• Jane E. Ihrig & Scott A. Wolla, 2020, "Let's Close the Gap: Revising Teaching Materials to Reflect How the Federal Reserve Implements Monetary Policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-092, Oct, DOI: 10.17016/FEDS.2020.092.
• Christian Alemán & Christopher Busch & Alexander Ludwig & Raül Santaeulà lia-Llopis, 2020, "Evaluating the Effectiveness of Policies Against a Pandemic," Working Papers, Human Capital and Economic Opportunity Working Group, number 2020-078, Oct.
• Alessandro Cantelmo & Giovanni Melina, 2020, "Sectoral Labor Mobility and Optimal Monetary Policy," CESifo Working Paper Series, CESifo, number 8638.
• Rangan Gupta & Christian Pierdzioch & Afees A. Salisu, 2020, "Oil-Price Uncertainty and the U.K. Unemployment Rate: A Forecasting Experiment with Random Forests Using 150 Years of Data," Working Papers, University of Pretoria, Department of Economics, number 202095, Oct.
• Falk Bräuning & José Fillat & J. Christina Wang, 2020, "Corporate Debt Maturity and Monetary Policy," Current Policy Perspectives, Federal Reserve Bank of Boston, number 88967, Oct.
• Vaishali Garga, 2020, "Fiscal Expansions in the Era of Low Real Interest Rates," Working Papers, Federal Reserve Bank of Boston, number 20-11, Apr, DOI: 10.29412/res.wp.2020.11.
• Sena Coskun & Husnu Dalgic, 2020, "The Emergence of Procyclical Fertility: The Role of Gender Differences in Employment Risk," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_142v2, Oct.
• Enrique Martínez García, 2020, "Get the Lowdown: The International Side of the Fall in the U.S. Natural Rate of Interest," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 403, Oct, revised 20 Feb 2021, DOI: 10.24149/gwp403r1.
• Serdar Birinci & Fatih Karahan & Yusuf Mercan & Kurt See, 2020, "Labor Market Policies during an Epidemic," Staff Reports, Federal Reserve Bank of New York, number 943, Oct.
• Christian R. Proano & Benjamin Lojak, 2020, "Monetary Policy with a State-Dependent Inflation Target in a Behavioral Two-Country Monetary Union Model," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-89, Oct.
• Puriya Abbassi & Falk Bräuning & Niels Schulze, 2020, "Bargaining Power and Outside Options in the Interbank Lending Market," Working Papers, Federal Reserve Bank of Boston, number 20-10, Jun, DOI: 10.29412/res.wp.2020.10.
• Barnette, Justin, 2020, "Replacement Rates and Long-Term Outcomes after Job Displacement," MPRA Paper, University Library of Munich, Germany, number 103644, Jul.
• Gianluca Benigno & Andrew T. Foerster & Christopher Otrok & Alessandro Rebucci, 2020, "Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach," Staff Reports, Federal Reserve Bank of New York, number 944, Oct.
• Kevin Lee & Michael Mahony & Paul Mizen, 2020, "The CBI Suite of Business Surveys," Economic Statistics Centre of Excellence (ESCoE) Technical Reports, Economic Statistics Centre of Excellence (ESCoE), number ESCOE-TR-08, Aug.
• Pierre Brochu & Jonathan Créchet & Zechuan Deng, 2020, "Labour Market Flows and Worker Trajectories in Canada During COVID-19," Working Papers, University of Ottawa, Department of Economics, number 2005E.
• Victoria Consolvo & Owen F. Humpage & Sanchita Mukherjee, 2020, "Even Keel and the Great Inflation," Working Papers, Federal Reserve Bank of Cleveland, number 20-33, Oct, DOI: 10.26509/frbc-wp-202033.
• Ray C. Fair, 2020, "Analysis of Nine U.S. Recessions and Three Expansions," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2260, Oct.
• Edward S. Knotek & Saeed Zaman, 2020, "Real-Time Density Nowcasts of US Inflation: A Model-Combination Approach," Working Papers, Federal Reserve Bank of Cleveland, number 20-31, Oct, DOI: 10.26509/frbc-wp-202031.
• Paul Ilhak Ko, 2020, "Dissecting Trade and Business Cycle Co-movement," 2020 Papers, Job Market Papers, number pko1026, Oct.
• Gilbert Cette & Jimmy Lopez & Jacques Mairesse & Giuseppe Nicoletti, 2020, "Economic Adjustment during the Great Recession: The Role of Managerial Quality," NBER Working Papers, National Bureau of Economic Research, Inc, number 27954, Oct.
• Leandro Prados de la Escosura & Joan R. Rosés, 2020, "Accounting for Growth in Spain, 1850-2019," Working Papers, European Historical Economics Society (EHES), number 0198, Oct.
• Jimmy Lopez & Jacques Mairesse & Giuseppe Nicoletti, 2020, "Economic Adjustment during the Great Recession: The Role of Managerial QualityAuthor-Name: Gilbert Cette," Working papers, Banque de France, number 784.
• Itamar Drechsler & Alan Moreira & Alexi Savov, 2020, "Liquidity and Volatility," NBER Working Papers, National Bureau of Economic Research, Inc, number 27959, Oct.
• Camacho, Maximo & Perez-Quiros, Gabriel & Pacce, Matías, 2020, "Spillover effects in international business cycles," Working Paper Series, European Central Bank, number 2484, Oct.
• João Barata R. Blanco Barroso & Rodrigo Barbone Gonzalez & José-Luis Peydró & Bernardus F. Nazar Van Doornik, 2020, "Countercyclical Liquidity Policy and Credit Cycles: evidence from macroprudential and monetary policy in Brazil," Working Papers Series, Central Bank of Brazil, Research Department, number 537, Oct.
• Christiane Baumeister & Pierre Guerin, 2020, "A Comparison of Monthly Global Indicators for Forecasting Growth," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-93, Oct.
• Corradin, Stefano & Eisenschmidt, Jens & Hoerova, Marie & Linzert, Tobias & Schepens, Glenn & Sigaux, Jean-David, 2020, "Money markets, central bank balance sheet and regulation," Working Paper Series, European Central Bank, number 2483, Oct.
• Ariel Burstein & Vasco M. Carvalho & Basile Grassi, 2020, "Bottom-up Markup Fluctuations," NBER Working Papers, National Bureau of Economic Research, Inc, number 27958, Oct.
• Cheng CHEN & Tatsuro SENGA & Chang SUN & Hongyong ZHANG, 2020, "Information Acquisition and Price Setting under Uncertainty: New Survey Evidence," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 20078, Oct.
• Diego A. Comin & Robert C. Johnson, 2020, "Offshoring and Inflation," NBER Working Papers, National Bureau of Economic Research, Inc, number 27957, Oct.
• Jose E. Gomez-Gonzalez & Jorge Hirs-Garzon & Jorge M. Uribe, 2020, "Global effects of US uncertainty: real and financial shocks on real and financial markets," IREA Working Papers, University of Barcelona, Research Institute of Applied Economics, number 202015, Oct, revised Oct 2020.
• Makram El-Shagi & Yizhuang Zheng, 2020, "Money Demand: A Pseudo-Metastudy," CFDS Discussion Paper Series, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China, number 2020/4, Oct.
• Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2020, "How Should Tax Progressivity Respond to Rising Income Inequality?," NBER Working Papers, National Bureau of Economic Research, Inc, number 28006, Oct.
• James B. Bullard, 2020, "Bullard Discusses Fed’s Monetary Policy Framework during Virtual Panel," Speech, Federal Reserve Bank of St. Louis, number 88943, Oct.
• Hunter L. Clark & Jeffrey B. Dawson & Maxim L. Pinkovskiy, 2020, "How Has China’s Economy Performed under the COVID-19 Shock?," Liberty Street Economics, Federal Reserve Bank of New York, number 20201023, Oct.
• Scott R. Baker & Aniket Baksy & Nicholas Bloom & Steven J. Davis & Jonathan A. Rodden, 2020, "Elections, Political Polarization, and Economic Uncertainty," NBER Working Papers, National Bureau of Economic Research, Inc, number 27961, Oct.
• Todd Henry & Peter C.B. Phillips, 2020, "Forecasting Economic Activity Using the Yield Curve: Quasi-Real-Time Applications for New Zealand, Australia and the US," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2259, Oct.
• Hassan Afrouzi & Andres Drenik & Ryan Kim, 2020, "Growing by the Masses - Revisiting the Link between Firm Size and Market Power," CESifo Working Paper Series, CESifo, number 8633.
• Szabolcs Deak & Paul Levine & Afrasiab Mirza & Joseph Pearlman, 2020, "Is Price Level Targeting a Robust Monetary Rule?," Discussion Papers, Department of Economics, University of Birmingham, number 20-27, Oct.
• Janine Boshoff & Xuxin Mao & Garry Young, 2020, "Outlier detection methodologies for alternative data sources: International review of current practices," Economic Statistics Centre of Excellence (ESCoE) Technical Reports, Economic Statistics Centre of Excellence (ESCoE), number ESCOE-TR-07, Jul.
• Nathan Foley-Fisher & Gary Gorton & Stéphane Verani, 2020, "Adverse Selection Dynamics in Privately-Produced Safe Debt Markets," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-088, Oct, DOI: 10.17016/FEDS.2020.088r1.
• S. Borağan Aruoba & Pablo Cuba-Borda & Kenji Higa-Flores & Frank Schorfheide & Sergio Villalvazo, 2020, "Piecewise-Linear Approximations and Filtering for DSGE Models with Occasionally Binding Constraints," NBER Working Papers, National Bureau of Economic Research, Inc, number 27991, Oct.
• Barnette, Justin, 2020, "Wealth After Job Displacement," MPRA Paper, University Library of Munich, Germany, number 103642, Aug.
• Tsukhlo Sergey, 2020, "Russian industrial sector in 2019: (based on surveys’ findings)," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2020-1047, revised 2020.
• Mark Bognanni & Douglas Hanley & Daniel Kolliner & Kurt Mitman, 2020, "Economics and Epidemics: Evidence from an Estimated Spatial Econ-SIR Model," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-091, Oct, DOI: 10.17016/FEDS.2020.091.
• Polbin, Andrey & Shumilov, Andrei, 2020, "Предпринимательство, Накопление Богатства И Ограничения Заимствования: Обзор Зарубежных Исследований
  [Entrepreneurship, wealth accumulation and borrowing constraints: Foreign research experience]," MPRA Paper, University Library of Munich, Germany, number 103675.
• Jesús Fernández-Villaverde & Charles I. Jones, 2020, "Macroeconomic Outcomes and COVID-19: A Progress Report," NBER Working Papers, National Bureau of Economic Research, Inc, number 28004, Oct.
• Elie Bouri & Rangan Gupta & Anandamayee Majumdar & Sowmya Subramaniam, 2020, "Time-Varying Risk Aversion and Forecastability of the US Term Structure of Interest Rates," Working Papers, University of Pretoria, Department of Economics, number 202098, Oct.
• Savina Princen & Athena Kalyva & Alexander Leodolter & Cécile Denis & Adriana Reut & Andreas Thiemann & Viginta Ivaskaite-Tamosiune, 2020, "Taxation of Household Capital in EU Member States Impact on Economic Efficiency, Revenue and Redistribution," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 130, Aug.
• Bo Zhang & Bao H. Nguyen, 2020, "Real-Time Forecasting of the Australian Macroeconomy Using Flexible Bayesian VARs," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-91, Oct.
• Robert Clark & Shaoteng Li, 2020, "The strategic response of banks to macroprudential policies: Evidence from mortgage stress tests in Canada," Working Paper, Economics Department, Queen's University, number 1445, Oct.
• Melchisedek Joslem Ngambou Djatche, 2020, "Monetary Policy, Prudential Policy, and Bank's Risk-Taking: A Literature Review," GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, number 2020-40, Oct.
• Özlem Kina & Ctirad Slavik & Hakki Yazici, 2020, "Redistributive Capital Taxation Revisited," CESifo Working Paper Series, CESifo, number 8627.
• Jing Hang & Pravin Krishna & Heiwai Tang, 2020, "Input-Output Networks and Misallocation," NBER Working Papers, National Bureau of Economic Research, Inc, number 27983, Oct.
• Makram El-Shagi & Jiang Lunan, 2020, "One Country - Two Monetary Policies: Evidence from a new indicator of the PBoC¡äs monetary policy support for poor regions," CFDS Discussion Paper Series, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China, number 2020/5, Oct.
• Zubov Sergey, 2020, "Russia’s banking sector in 2019," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2020-1042, revised 2020.
• Alessandra Cepparulo & Gilles Mourre, 2020, "How and How Much? The Growth-Friendliness of Public Spending through the Lens," European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 132, Oct.
• Sylvain Leduc & Kevin Moran & Robert J. Vigfusson, 2020, "Learning in the Oil Futures Markets: Evidence and Macroeconomic Implications," Working Paper Series, Federal Reserve Bank of San Francisco, number 2020-33, Oct, DOI: 10.24148/wp2020-33.
• Ibrahim A. Adekunle, 2020, "On the search for environmental sustainability in Africa: the role of governance," Working Papers of the African Governance and Development Institute., African Governance and Development Institute., number 20/078, Jan.
• Ibrahim A. Adekunle, 2020, "On the search for environmental sustainability in Africa: the role of governance," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 20/078, Jan.
• Joshua C.C. Chan & Rodney W. Strachan, 2020, "Bayesian State Space Models in Macroeconometrics," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-90, Oct.
• Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020, "Finance, Institutions and Private Investment in Africa," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 20/080, Jan.
• Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020, "Finance, Institutions and Private Investment in Africa," Working Papers of the African Governance and Development Institute., African Governance and Development Institute., number 20/080, Jan.
• Jan Toporowski, 2020, "Debt Management and the Fiscal Balance," Economics Policy Note Archive, Levy Economics Institute, number 20-5, Jun.
• Hahn, Elke, 2020, "The wage-price pass-through in the euro area: does the growth regime matter?," Working Paper Series, European Central Bank, number 2485, Oct.
• Sarah Ngo Hamerling & Donald P. Morgan & John Sporn, 2020, "Bank Capital, Loan Liquidity, and Credit Standards since the Global Financial Crisis," Liberty Street Economics, Federal Reserve Bank of New York, number 20201021, Oct.
• F. Antonacci & C. Costantini & F. D'Ippoliti & M. Papi, 2020, "Inflation, ECB and short-term interest rates: A new model, with calibration to market data," Papers, arXiv.org, number 2010.05462, Oct.
• Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2020, "How Should Tax Progressivity Respond to Rising Income Inequality?," Staff Report, Federal Reserve Bank of Minneapolis, number 615, Oct, DOI: 10.21034/sr.615.
• Koch, Insa & Reeves, Aaron, 2021, "From social security to state-sanctioned insecurity: how welfare reform mimics the commodification of labour through greater state intervention," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 107017, Jul.
• Barinova Vera & Zemtsov Tsepan & Tsareva Yulia, 2020, "Small and medium-sized entrepreneurship in Russia and regions in 2019–2020," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2020-1052, revised 2020.

Report NEP-MAC-2020-11-09

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: