Report NEP-MAC-2020-11-16

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:

• Eric McCoy, 2020, "Euro-US Dollar Exchange Rate Dynamics at the Effective Lower Bound," European Economy - Economic Briefs, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 055, Jul.
• Fernando M. Martin, 2020, "Fiscal Dominance and Central Bank Independence," Working Papers, Federal Reserve Bank of St. Louis, number 2020-040, Oct, revised 17 Sep 2026, DOI: 10.20955/wp.2020.040.
• Evan Karson & Christopher J. Neely, 2020, "More Stories of Unconventional Monetary Policy," Working Papers, Federal Reserve Bank of St. Louis, number 2020-043, Oct, DOI: 10.20955/wp.2020.043.
• Abdoulaye Millogo, 2020, "Hysteresis Effects and Macroeconomics Gains from Unconventional Monetary Policies Stabilization," Cahiers de recherche, Departement d'économique de l'École de gestion à l'Université de Sherbrooke, number 20-12, Nov.
• Luca Fornaro & Martin Wolf, 2020, "The scars of supply shocks: Implications for monetary policy," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1748, Oct, revised Mar 2023.
• Vasily Astrov & Alexandra Bykova & Rumen Dobrinsky & Richard Grieveson & Doris Hanzl-Weiss & Gabor Hunya & Sebastian Leitner & Isilda Mara & Olga Pindyuk & Leon Podkaminer & Sandor Richter & Bernd Chr, 2020, "Monthly Report No. 5/2020," wiiw Monthly Reports, The Vienna Institute for International Economic Studies, wiiw, number 2020-05, May.
• Lorant Kaszab & Ales Marsal & Katrin Rabitsch, 2020, "Trend inflation meets macro-finance: the puzzling behavior of price dispersion," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp304, Oct.
• Pattanaik, Sitikantha & Muduli, Silu & Ray, Soumyajit, 2020, "Inflation expectations of households: do they influence wage-price dynamics in India?," MPRA Paper, University Library of Munich, Germany, number 103685, Feb.
• Ia Vardishvili, 2020, "Entry Decision, the Option to Delay Entry, and Business Cycles," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2020-07, Oct.
• Martínez-Hernández, Catalina, 2020, "Disentangling the effects of multidimensional monetary policy on inflation and inflation expectations in the euro area," Discussion Papers, Free University Berlin, School of Business & Economics, number 2020/18, DOI: 10.17169/refubium-28493.
• Landwehr, Jannik J., 2020, "The case for a job guarantee policy in Germany: A political-economic analysis of the potential benefits and obstacles," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 150/2020.
• Paul J.J. Welfens, 2020, "Doubts on the Role of Disturbance Variance in New Keynesian Models and Suggested Refinements," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei275, Oct.
• Viktor Marinkov, 2020, "Communication at the Zero Lower Bound: The Case for Forward Guidance," Economics Series Working Papers, University of Oxford, Department of Economics, number 923, Nov.
• Abdoulaye Millogo, 2020, "Hysteresis effects and financial frictions," Cahiers de recherche, Departement d'économique de l'École de gestion à l'Université de Sherbrooke, number 20-14, Nov.
• Makram El-Shagi & Kiril Tochkov, 2020, "Shadow of the Colossus: Euro Area Spillovers and Monetary Policy in Central and Eastern Europe," CFDS Discussion Paper Series, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China, number 2020/7, Nov.
• Nataliia Ostapenko, 2020, "Macroeconomic expectations: news sentiment analysis," Bank of Estonia Working Papers, Bank of Estonia, number wp2020-5, Aug, revised 13 Aug 2020, DOI: 10.23656/25045520/052020/0178.
• Nomaler, Önder & Spinola, Danilo & Verspagen, Bart, 2020, "Schumpeter and Keynes: Economic growth in a super-multiplier model," MERIT Working Papers, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT), number 2020-049, Nov.
• Hang Bai & Lu Zhang, 2020, "Searching for the Equity Premium," NBER Working Papers, National Bureau of Economic Research, Inc, number 28001, Oct.
• Joseph G. Haubrich, 2020, "Does the Yield Curve Predict Output?," Working Papers, Federal Reserve Bank of Cleveland, number 20-34, Nov, DOI: 10.26509/frbc-wp-202034.
• James Yetman, 2020, "Pass-through from short-horizon to long-horizon inflation expectations, and the anchoring of inflation expectations," BIS Working Papers, Bank for International Settlements, number 895, Oct.
• Jonathon Hazell & Juan Herreño & Emi Nakamura & Jón Steinsson, 2020, "The Slope of the Phillips Curve: Evidence from U.S. States," NBER Working Papers, National Bureau of Economic Research, Inc, number 28005, Oct.
• Jan Philipp Fritsche & Patrick Christian Harms, 2020, "Better off without the Euro? A Structural VAR Assessment of European Monetary Policy," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1907.
• Oguzhan Cepni & Yavuz Selim Hacihasanoglu & Muhammed Hasan Yilmaz, 2020, "Credit Decomposition and Economic Activity in Turkey: A Wavelet-Based Approach," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2014.
• Jon Ellingsen & Vegard H. Larsen & Leif Anders Thorsrud, 2020, "News Media vs. FRED-MD for Macroeconomic Forecasting," CESifo Working Paper Series, CESifo, number 8639.
• YiLi Chien & Yi Wen, 2020, "Time-Inconsistent Optimal Quantity of Debt," Working Papers, Federal Reserve Bank of St. Louis, number 2020-037, Oct, revised 02 Sep 2021, DOI: 10.20955/wp.2020.037.
• Feld, Lars P. & Wieland, Volker, 2020, "The German Federal Constitutional Court ruling and the European Central Bank's strategy," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 145.
• Güneş Kamber & Madhusudan Mohanty & James Morley, 2020, "Have the driving forces of inflation changed in advanced and emerging market economies?," BIS Working Papers, Bank for International Settlements, number 896, Oct.
• Mikel Bedayo & Gabriel Jiménez & José-Luis Peydró & Raquel Vegas, 2020, "Screening and loan origination time: lending standards, loan defaults and bank failures," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1749, Oct, revised Aug 2022.
• Bedayo, Mikel & Jiménez, Gabriel & Peydró, José Luis & Vegas, Raquel, 2023, "Screening and loan origination time: Lending standards, loan defaults and bank failures," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 225986.
• Ana Beatriz Galvão & Amit Kara, 2020, "The Impact of GDP Data Revisions on Identifying and Predicting UK Recessions," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers (2017-2023 papers hosted by The National Institute of Economic and Social Research), Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2020-12, Jul.
• Uwe Böwer, 2019, "Can Lebanon Defy Gravity Forever?," European Economy - Economic Briefs, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 046, Jun.
• Kaszab, Lorant & Marsal, Ales & Rabitsch, Katrin, 2020, "Trend inflation meets macro-finance: the puzzling behavior of price dispersion," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 304, Oct.
• Jie Chen & Yu Chen & Robert J. Hill & Pei Hu, 2020, "The User Cost of Housing and the Price-Rent Ratio in Shanghai," Graz Economics Papers, University of Graz, Department of Economics, number 2020-19, Nov.
• Yunjong Eo & Luis Uzeda & Benjamin Wong, 2020, "Understanding Trend Inflation Through the Lens of the Goods and Services Sectors," Staff Working Papers, Bank of Canada, number 20-45, Nov, DOI: 10.34989/swp-2020-45.
• Serdar Birinci & Kurt See, 2020, "How Should Unemployment Insurance Vary over the Business Cycle?," Staff Working Papers, Bank of Canada, number 20-47, Nov, DOI: 10.34989/swp-2020-47.
• Souza, Thiago de Oliveira, 2020, "Dollar carry timing," Discussion Papers on Economics, University of Southern Denmark, Department of Economics, number 10/2020, Oct.
• Andrea Bellucci & Alexander Borisov & Gianluca Gucciardi & Alberto Zazzaro, 2020, "The Reallocation Effects of COVID-19: Evidence from Venture Capital Investments around the World," Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences, number 167, Oct.
• Khalid ElFayoumi, 2020, "Firm Financing and the Relative Demand for Labor and Capital," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1908.
• Leonard I. Nakamura, 2020, "Evidence of Accelerating Mismeasurement of Growth and Inflation in the U.S. in the 21st Century," Working Papers, Federal Reserve Bank of Philadelphia, number 20-41, Oct, DOI: 10.21799/frbp.wp.2020.41.
• Natasha Kang & Vadim Marmer, 2020, "Modeling Long Cycles," Papers, arXiv.org, number 2010.13877, Oct, revised Sep 2023.
• Eduard Gracia Rodríguez, 2020, "The Cycle of Rents: a Model of Rational Bull-and-Bear Cycles in an Efficient Market," UB School of Economics Working Papers, University of Barcelona School of Economics, number 2020/400.
• Lee, Dong Wook & Shin, Hyun-Han & Stulz, Rene M., 2020, "Why Does Equity Capital Flow Out of High Tobin's q Industries?," Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics, number 2020-02, Feb.
• Chu, Angus C., 2020, "Inflation, Innovation and Growth: A Survey," MPRA Paper, University Library of Munich, Germany, number 103740, Oct.
• Iñaki Aldasoro & Paula Beltrán & Federico Grinberg & Tommaso Mancini-Griffoli, 2020, "The macro-financial effects of international bank lending on emerging markets," BIS Working Papers, Bank for International Settlements, number 899, Nov.
• Andrea Colciago & Stefano Fasani & Lorenza Rossi, 2020, "Unemployment, firm dynamics, and the business cycle," Working Papers, DNB, number 695, Nov.
• Edward Knotek & Saeed Zaman, 2020, "Real-time density nowcasts of US inflation: a model-combination approach," Working Papers, University of Strathclyde Business School, Department of Economics, number 2015, Oct.
• Cette, Gilbert & Lopez, Jimmy & Mairesse, Jacques & Nicoletti, Giuseppe, 2020, "Economic adjustment during the Great Recession: The role of managerial quality," MERIT Working Papers, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT), number 2020-048, Oct.
• Item repec:aer:wpaper:392 is not listed on IDEAS anymore

• Emanuel Kohlscheen & Előd Takáts, 2020, "What can commercial property performance reveal about bank valuations?," BIS Working Papers, Bank for International Settlements, number 900, Nov.
• Kakade, Ameya & Roongta, Dhruv & Haribalaraman, Shravan, 2020, "A case-study oriented analysis of the demand-side policies to reduce cyclical unemployment in the 2008 financial crisis and their potential effectiveness in a post-COVID US economy," MPRA Paper, University Library of Munich, Germany, number 103747, Aug.
• Winkelmann, Lars & Yao, Wenying, 2020, "Cojump anchoring," Discussion Papers, Free University Berlin, School of Business & Economics, number 2020/17, DOI: 10.17169/refubium-28418.
• Hambel, Christoph & Kraft, Holger & Meyer-Wehmann, André, 2020, "When should retirees tap their home equity?," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 293.
• Sebastian Valdecantos, 2020, "Argentina's (Macroeconomic?) Trap: Some Insights from an Empirical Stock-Flow Consistent Model," Economics Working Paper Archive, Levy Economics Institute, number wp_975, Nov.
• Manuel Adelino & W. Ben McCartney & Antoinette Schoar, 2020, "The Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market," Working Papers, Federal Reserve Bank of Philadelphia, number 20-40, Oct, DOI: 10.21799/frbp.wp.2020.40.
• Anton Cheremukhin & Paulina Restrepo-Echavarria, 2020, "Wage Setting Under Targeted Search," Working Papers, Federal Reserve Bank of St. Louis, number 2020-041, Oct, revised 03 May 2023, DOI: 10.20955/wp.2020.041.
• Siddhartha Chib & Minchul Shin & Fei Tan, 2020, "High-Dimensional DSGE Models: Pointers on Prior, Estimation, Comparison, and Prediction∗," Working Papers, Federal Reserve Bank of Philadelphia, number 20-35, Sep, DOI: 10.21799/frbp.wp.2020.35.
• Aase, Knut K., 2020, "Elements of economics of uncertainty and time with recursive utility," Discussion Papers, Norwegian School of Economics, Department of Business and Management Science, number 2020/13, Oct.
• Lee E. Ohanian & Paulina Restrepo-Echavarria & Diana Van Patten & Mark L. J. Wright, 2020, "The Impact of Bretton Woods International Capital Controls on the Global Economy and the Value of Geopolitical Stability: A General Equilibrium Analysis," Working Papers, Federal Reserve Bank of St. Louis, number 2020-042, Oct, revised 29 Sep 2026, DOI: 10.20955/wp.2020.042.
• Andrew B. Martinez, 2020, "Extracting Information from Different Expectations," Working Papers, The George Washington University, The Center for Economic Research, number 2020-008, Oct.
• Guido Ascari & Anna Florio & Alessandro Gobbi, 2020, "Monetary-fiscal interactions under price level targeting," Papers, arXiv.org, number 2010.14979, Oct.
• Satyajit Chatterjee & Dean Corbae & Kyle Dempsey & José-Víctor Ríos-Rull, 2020, "A Quantitative Theory of the Credit Score," Working Papers, Federal Reserve Bank of Philadelphia, number 20-39, Sep, DOI: 10.21799/frbp.wp.2020.39.
• Daniel Rees, 2020, "What Comes Next?," BIS Working Papers, Bank for International Settlements, number 898, Nov.
• Uchida, Hirofumi, 2020, "Natural selection: A review of studies on firms’ exit and efficiency," MPRA Paper, University Library of Munich, Germany, number 103938, Mar.
• Sigurd Galaasen & Rustam Jamilov & Ragnar Juelsrud & Hélène Rey, 2020, "Granular Credit Risk," NBER Working Papers, National Bureau of Economic Research, Inc, number 27994, Oct.
• Emiel Afman, 2020, "Income, Wealth and Intergenerational Inequality in the Netherlands," European Economy - Economic Briefs, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 053, Jul.
• Karolina Gralek & Silvia De Poli & Philipp Pfeiffer & Sara Riscado & Wouter van der Wielen, 2020, "Labour Tax Shift in Slovenia: Effects on Growth, Equality and Labour Supply," European Economy - Economic Briefs, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 057, Sep.
• Kady Keita & Camelia Turcu, 2019, "How to limit fiscal procyclicality: the role of exchange rate regimes, fiscal rules and institutions," Working Papers, International Network for Economic Research - INFER, number 2019.01.
• Sébastien Bock & Idriss Fontaine, 2020, "Routine-Biased Technological Change and Hours Worked over the Business Cycle," PSE Working Papers, HAL, number halshs-02982145, Oct.
• Eldar, Ofer & Wittry, Michael D., 2020, "Crisis Poison Pills," Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics, number 2020-06, Oct.
• Michael Sposi & Kei-Mu Yi & Jing Zhang, 2020, "Trade Integration, Global Value Chains, and Capital Accumulation," Departmental Working Papers, Southern Methodist University, Department of Economics, number 2012, Nov.
• Kiss, Tamás & Nguyen, Hoang & Österholm, Pär, 2020, "Modelling Returns in US Housing Prices – You’re the One for Me, Fat Tails," Working Papers, Örebro University, School of Business, number 2020:13, Oct.
• Kuikeu, Oscar, 2020, "Essai sur la stabilité monétaire: la Cyclicité et la contra cyclicité de l’activité productive comme critères de cette stabilité. Cas de la Communauté économique et Monétaire de l’Afrique centrale (CEMAC)
  [Essay on monetary stability: the cyclicit," MPRA Paper, University Library of Munich, Germany, number 104006, Nov.
• Roberto Roson & Camille Van der Vorst, 2020, "A Social Accounting Matrix for Andalusia," Working Papers, Department of Economics, University of Venice "Ca' Foscari", number 2020:22.
• Andrea Borsato, 2020, "Secular Stagnation and innovation dynamics: an agent-based SFC model. Part I," Department of Economics University of Siena, Department of Economics, University of Siena, number 840, Sep.
• Gundel, Joakim, 2020, "Debt relief and the political marketplace in Somalia," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 107125, Nov.
• Robert J. Barro, 2020, "r Minus g," NBER Working Papers, National Bureau of Economic Research, Inc, number 28002, Oct.
• Philipp Mohl & Gilles Mourre & Klara Stovicek, 2019, "Automatic Fiscal Stabilisers in the EU: Size and Effectiveness," European Economy - Economic Briefs, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 045, May.
• Röhl, Klaus-Heiner & Rusche, Christian, 2020, "Staatliche Beteiligungen aus ökonomischer Sicht: Wie weit darf der Staat gehen?," IW policy papers, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 22/2020.
• Violaine Faubert, 2019, "Why Has Labour Market Participation Not Fully Recovered in Ireland since the Recession?," European Economy - Economic Briefs, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 051, Nov.
• Alice Albonico & Guido Ascari & Alessandro Gobbi, 2020, "The public debt multiplier," Papers, arXiv.org, number 2010.15165, Oct, revised Nov 2020.
• Seikel, Daniel & Truger, Achim, 2019, "The blocked completion of the European Monetary Union: Making the case for a pragmatic use of fiscal leeway," WSI Reports, The Institute of Economic and Social Research (WSI), Hans Böckler Foundation, number 52.
• Kumar B, Pradeep, 2020, "On Heterodox Economics," MPRA Paper, University Library of Munich, Germany, number 102857, Sep.
• Mo Abdirahman & Diane Coyle & Richard Heys & Will Stewart, 2020, "Telecoms Deflators: A Story of Volume and Revenue Weights," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers (2017-2023 papers hosted by The National Institute of Economic and Social Research), Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2020-11, Jul.
• Nicolae-Bogdan Ianc & Camelia Turcu, 2019, "So alike, yet so different: comparing fiscal multipliers across E(M)U candidates," Working Papers, International Network for Economic Research - INFER, number 2019.03.
• Aurelija Anciūtė & Viginta Ivaškaitė-Tamošiūnė & Anamaria Maftei & Janos Varga, 2020, "Labour Tax and Child Benefits Reform in Lithuania: For Better or Worse?," European Economy - Economic Briefs, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 059, Sep.
• Karen García-Rojas & Paula Herrera-Idárraga & Leonardo Fabio Morales & Natalia Ramírez-Bustamante & Ana María Tribín-Uribe, 2020, "(She)cession: The Colombian female staircase fall," Borradores de Economia, Banco de la Republica de Colombia, number 1140, Nov, DOI: https://doi.org/10.32468/be.1140.
• Gustavo Mellior, 2020, "Higher education funding, welfare and inequality in equilibrium," Studies in Economics, School of Economics, University of Kent, number 2005, Oct.
• Petroulakis, Filippos, 2020, "Task content and job losses in the Great Lockdown," GLO Discussion Paper Series, Global Labor Organization (GLO), number 702.
• Santiago Caicedo & Miguel Espinosa & Arthur Seibold, 2020, "Unwilling to Train? Firm Responses to the Colombian Apprenticeship Regulation," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_233, Nov.
• Howard, Greg & Liebersohn, Jack, 2020, "Regional Divergence and House Prices," Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics, number 2020-04, May.
• Michael Ryan, 2020, "A Narrative Approach to Creating Instruments with Unstructured and Voluminous Text: An Application to Policy Uncertainty," Working Papers in Economics, University of Waikato, number 20/10, Nov.
• Christian Weise, 2020, "Portugal’s Performance after the Macroeconomic Adjustment Programme," European Economy - Economic Briefs, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, number 058, Sep.
• Fatih Tuluk, 2019, "Shadow Banking, Capital Requirements and Monetary Policy," Working Papers, International Network for Economic Research - INFER, number 2019.05.
• Mauricio Villamizar-Villegas & Yasin Kursat Onder, 2020, "Uncovering Time-Specific Heterogeneity in Regression Discontinuity Designs," Borradores de Economia, Banco de la Republica de Colombia, number 1141, Nov, DOI: https://doi.org/10.32468/be.1141.
• Roxan, Ian, 2020, "Is VAT also a corporate tax? Untangling tax burdens and benefits for companies," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 102723, Apr.
• Item repec:ake:iiepdt:y:2020:i:54:p:1-39 is not listed on IDEAS anymore

• John P. Hejkal & B. Ravikumar & Guillaume Vandenbroucke, 2020, "Technology Adoption, Mortality, and Population Dynamics," Working Papers, Federal Reserve Bank of St. Louis, number 2020-039, Oct, revised Aug 2024, DOI: 10.20955/wp.2020.039.
• Kaan Celebi & Paul J.J. Welfens, 2020, "The Economic Impact of Trump: Conclusions from an Impact Evaluation Analysis," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei281, Oct.
• Gundel, Joakim, 2020, "Oil and gas in the political marketplace in Somalia," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 107126, Nov.
• William D. Lastrapes & Ian Schmutte & Thor Watson, 2020, "Home Equity Lending, Credit Constraints and Small Business in the US," Working Papers, Center for Economic Studies, U.S. Census Bureau, number 20-32, Oct.

Report NEP-MAC-2020-11-16

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: