Report NEP-MAC-2020-11-23

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:

• De Koning, Kees, 2020. "U.K.’s economic variables over the last decade in the context of the current corona crisis," MPRA Paper 103763, University Library of Munich, Germany.
• Raphael A. Auer & Giulio Cornelli & Jon Frost, 2020. "Rise of the Central Bank Digital Currencies: Drivers, Approaches and Technologies," CESifo Working Paper Series 8655, CESifo.
• Adriana Grasso & Juan Passadore & Facundo Piguillem, 2020. "The macroeconomics of hedging income shares," Temi di discussione (Economic working papers) 1283, Bank of Italy, Economic Research and International Relations Area.
• Alisdair McKay & Johannes F. Wieland, 2020. "Forward Guidance and Durable Goods Demand," NBER Working Papers 28066, National Bureau of Economic Research, Inc.
• Brand, Claus & Goy, Gavin W & Lemke, Wolfgang, 2020. "Natural rate chimera and bond pricing reality," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224546, Verein für Socialpolitik / German Economic Association.
• Eser, Fabian & Lane, Philip & Moretti, Laura & Osbat, Chiara & Karadi, Peter, 2020. "The Phillips Curve at the ECB," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224627, Verein für Socialpolitik / German Economic Association.
• Balleer, Almut & Zorn, Peter, 2020. "The Micro-level Price Response to Monetary Policy," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224557, Verein für Socialpolitik / German Economic Association.
• Jia, Pengfei, 2020. "Negative Interest Rates on Central Bank Digital Currency," MPRA Paper 103828, University Library of Munich, Germany.
• Eser, Fabian & Lemke, Wolfgang & Nyholm, Ken & Vladu, Andreea, 2020. "Tracing the impact of the ECB's asset purchase programme on the yield curve," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224540, Verein für Socialpolitik / German Economic Association.
• Tillmann, Peter, 2020. "Macroeconomic Surprises and the Demand for Information about Monetary Policy," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224545, Verein für Socialpolitik / German Economic Association.
• Salzmann, Leonard, 2020. "The Impact of Uncertainty and Financial Shocks in Recessions and Booms," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224588, Verein für Socialpolitik / German Economic Association.
• Ogawa, Shogo & Sasaki, Hiroaki, 2020. "Numerical Analysis of the Disequilibrium Monetary Growth Model: Secular Stagnation, Slow Convergence, and Cyclical Fluctuations," MPRA Paper 103845, University Library of Munich, Germany.
• Galo Nuño & Carlos Thomas, 2020. "Optimal Monetary Policy with Heterogeneous Agents," CESifo Working Paper Series 8670, CESifo.
• Jan-Egbert Sturm & Frank Bohn, 2020. "Do Expected Downturns Kill Political Budget Cycles?," KOF Working papers 20-481, KOF Swiss Economic Institute, ETH Zurich.
• Lilian Muchimba & Alexis Stenfors, 2020. "Beyond LIBOR: Money Markets and the Illusion of Representativeness," Working Papers in Economics & Finance 2020-13, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
• Nicoletta Batini & Alessandro Cantelmo & Giovanni Melina & Stefania Villa, 2020. "How Loose, how tight? A measure of monetary and fiscal stance for the euro area," Temi di discussione (Economic working papers) 1295, Bank of Italy, Economic Research and International Relations Area.
• Behringer, Jan, 2020. "Factor shares and the rise in corporate net lending," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224620, Verein für Socialpolitik / German Economic Association.
• Christian Stettler, 2020. "Loss Averse Depositors and Monetary Policy around Zero," KOF Working papers 20-476, KOF Swiss Economic Institute, ETH Zurich.
• Wischnewsky, Arina & Jansen, David-Jan & Neuenkirch, Matthias, 2020. "Financial Stability and the Fed: Evidence from Congressional Hearings," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224527, Verein für Socialpolitik / German Economic Association.
• Martin Larch & Eloïse Orseau & Wouter van der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," CESifo Working Paper Series 8659, CESifo.
• Hartwig, Benny, 2020. "Robust Inference in Time-Varying Structural VAR Models: The DC-Cholesky Multivariate Stochastic Volatility Model," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224528, Verein für Socialpolitik / German Economic Association.
• Elliott, David & Meisenzahl, Ralf & Peydró, José-Luis & Turner, Bryce, 2020. "Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224554, Verein für Socialpolitik / German Economic Association.
• Carlino, Gerald & Drautzburg, Thorsten & Inman, Robert & Zarra, Nicholas, 2020. "Partisanship and Fiscal Policy in Federal Unions: Evidence from US States," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224550, Verein für Socialpolitik / German Economic Association.
• Samad Sarferaz & Andreas Dibiasi, 2020. "Measuring Macroeconomic Uncertainty: A Cross-Country Analysis," KOF Working papers 20-479, KOF Swiss Economic Institute, ETH Zurich.
• DAS, PIYALI & Ghate, Chetan, 2020. "Public Debt in India: A Security Level Analysis," MPRA Paper 103746, University Library of Munich, Germany.
• Gries, Thomas & Naude, Wim, 2020. "Artificial Intelligence, Income Distribution and Economic Growth," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224623, Verein für Socialpolitik / German Economic Association.
• Joshua K. Hausman & Paul W. Rhode & Johannes F. Wieland, 2020. "Farm Product Prices, Redistribution, and the Early U.S. Great Depression," NBER Working Papers 28055, National Bureau of Economic Research, Inc.
• Bitter, Lea, 2020. "Banking Crises under a Central Bank Digital Currency (CBDC)," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224600, Verein für Socialpolitik / German Economic Association.
• Fantazzini, Dean & Kolodin, Nikita, 2020. "Does the hashrate affect the bitcoin price?," MPRA Paper 103812, University Library of Munich, Germany.
• Ozge Akinci & Gianluca Benigno & Marco Del Negro & Albert Queraltó, 2020. "The Financial (In)Stability Real Interest Rate, R*," Staff Reports 946, Federal Reserve Bank of New York.
• Soh, Ann-Ni, 2020. "A Review on the Leading Indicator Approach towards Economic Forecasting," MPRA Paper 103854, University Library of Munich, Germany.
• Lutz, Flora & Zessner-Spitzenberg, Leopold, 2020. "Sudden Stops and Reserve Accumulation in the Presence of International Liquidity Risk," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224520, Verein für Socialpolitik / German Economic Association.
• Grömling, Michael, 2020. "COVID-19 and the growth potential," IW-Reports 53/2020, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• Tanaka, Yasuhito, 2020. "Involuntary unemployment under ongoing nominal wage rate decline in overlapping generations model," MPRA Paper 103803, University Library of Munich, Germany.
• Boyan Jovanovic & Julien Prat, 2020. "Reputation and Earnings Dynamics," NBER Working Papers 28052, National Bureau of Economic Research, Inc.
• Röhe, Oke & Stähler, Nikolai, 2020. "Demographics and the Decline in Firm Entry: Lessons from a Life-Cycle Model," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224603, Verein für Socialpolitik / German Economic Association.
• Piergiorgio Alessandri & Andrea Gazzani & Alejandro Vicondoa, 2020. "Uncertainty matters: evidence from a high-frequency identification strategy," Temi di discussione (Economic working papers) 1284, Bank of Italy, Economic Research and International Relations Area.
• Okotori, Tonprebofa Waikumo & Ayunku, Peter, 2020. "The Mundell-Fleming Trilemma: Implications for the CBN and the financial markets," MPRA Paper 103880, University Library of Munich, Germany.
• Aymeric Ortmans & Fabien Tripier, 2020. "COVID-Induced Sovereign Risk in the Euro Area: When Did the ECB Stop the Contagion?," Working Papers 2020-11, CEPII research center.
• Gilbert CETTE & Jimmy LOPEZ & Jacques MAIRESSE & Giuseppe NICOLETTI, 2020. "Economic Adjustment during the Great Recession: The Role of Managerial Quality," Working Papers 2020-26, Center for Research in Economics and Statistics.
• Brian Fabo & Martina Jancokova & Elisabeth Kempf & Lubos Pastor, 2020. "Fifty Shades of QE: Conflicts of Interest in Economic Research," Working and Discussion Papers WP 5/2020, Research Department, National Bank of Slovakia.
• Pasch, Sandra & Dany-Knedlik, Geraldine, 2020. "On the cyclicity of the income distribution," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224654, Verein für Socialpolitik / German Economic Association.
• Andrej Cupák & Ján Klacso & Martin Suster, 2020. "Surveying the Impact of the Covid-19 Recession on the Financial Situation of Indebted Households," Working and Discussion Papers WP 6/2020, Research Department, National Bank of Slovakia.
• Neele Balke & Thibaut Lamadon, 2020. "Productivity Shocks, Long-Term Contracts and Earnings Dynamics," NBER Working Papers 28060, National Bureau of Economic Research, Inc.
• Andrew Atkeson & Michael Droste & Michael J. Mina & James H. Stock, 2020. "Economic Benefits of COVID-19 Screening Tests," Staff Report 616, Federal Reserve Bank of Minneapolis.
• Sergio Clavijo, 2020. "Política Monetaria Expansiva: Efectos sobre márgenes, tasas de interés y subsidios crediticios," Documentos CEDE 18504, Universidad de los Andes, Facultad de Economía, CEDE.
• Christiane Baumeister & Pierre Guérin, 2020. "A Comparison of Monthly Global Indicators for Forecasting Growth," CESifo Working Paper Series 8656, CESifo.
• Guglielmo Maria Caporale & Luis A. Gil-Alana, 2020. "Persistence and Long Memory in Monetary Policy Spreads," CESifo Working Paper Series 8664, CESifo.
• Anne Kathrin Funk & Daniel Kaufmann, 2020. "Do Sticky Wages Matter? New Evidence from Matched Firm-Survey and Register Data," KOF Working papers 20-480, KOF Swiss Economic Institute, ETH Zurich.
• Martin F. Hellwig, 2020. "Property Taxes and Dynamic Inefficiency: A Correction of a "Correction"," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2020_15, Max Planck Institute for Research on Collective Goods.
• Matthew Read, 2020. "Monetary Policy and Firm Dynamics," Papers 2011.03514, arXiv.org.
• Süssmuth, Bernd & Irmen, Andreas & Heer, Burkhard, 2020. "Taxation, Automation Capital, and the Functional Income Distribution," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224572, Verein für Socialpolitik / German Economic Association.
• Lochner, Benjamin & Merkl, Christian & Stüber, Heiko & Gürtzgen, Nicole, 2020. "Recruiting Intensity and Hiring Practices: Cross-Sectional and Time-Series Evidence," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224559, Verein für Socialpolitik / German Economic Association.
• Zhang, Bo & Nguyen, Bao H., 2020. "Real-time forecasting of the Australian macroeconomy using Bayesian VARs," Working Papers 2020-12, University of Tasmania, Tasmanian School of Business and Economics.
• Nguyen, Duc Khuong & Topaloglou, Nikolas & Walther, Thomas, 2020. "Asset Classes and Portfolio Diversification: Evidence from a Stochastic Spanning Approach," MPRA Paper 103870, University Library of Munich, Germany.
• Jannsen, Nils, 2019. "Hat die Fehlallokation von Produktionsfaktoren zur Produktivitätsschwäche in Deutschland beigetragen?," Open Access Publications from Kiel Institute for the World Economy 225298, Kiel Institute for the World Economy (IfW Kiel).
• Julian di Giovanni & Galina Hale, 2020. "Stock Market Spillovers via the Global Production Network: Transmission of U.S. Monetary Policy," Staff Reports 945, Federal Reserve Bank of New York.
• Emanuele Franceschi, 2020. "A simple model of liquidity," Working Papers halshs-02978552, HAL.
• Delle Monache, Davide & Petrella, Ivan & Venditti, Fabrizio, 2020. "Price dividend ratio and long-run stock returns: a score driven state space model," Temi di discussione (Economic working papers) 1296, Bank of Italy, Economic Research and International Relations Area.
• Andrea L. Eisfeldt & Edward Kim & Dimitris Papanikolaou, 2020. "Intangible Value," NBER Working Papers 28056, National Bureau of Economic Research, Inc.
• Schmidt, Vanessa & Schreiber, Sven, 2020. "Missing growth measurement in Germany," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224616, Verein für Socialpolitik / German Economic Association.
• Sébastien Bock & Idriss Fontaine, 2020. "Routine-Biased Technological Change and Hours Worked over the Business Cycle," Working Papers halshs-02982145, HAL.
• Mikkel Plagborg-M{o}ller & Christian K. Wolf, 2020. "Instrumental Variable Identification of Dynamic Variance Decompositions," Papers 2011.01380, arXiv.org, revised Jul 2021.
• Beissinger, Thomas & Hellier, Joël & Marczak, Martyna, 2020. "Divergence in labour force growth: Should wages and prices grow faster in Germany?," Hohenheim Discussion Papers in Business, Economics and Social Sciences 09-2020, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
• Kuikeu, Oscar, 2020. "Épidémiologie de l’économie et confinement de l’Organisation COVID-19 [Epidemiologic aspect of the economy and Covid-19 lockdown as an Organisation]," MPRA Paper 103939, University Library of Munich, Germany.
• Dimitriadis, Timo & Patton, Andrew J. & Schmidt, Patrick W., 2020. "Testing forecast rationality for measures of central tendency," Hohenheim Discussion Papers in Business, Economics and Social Sciences 12-2020, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
• Oslington, Paul & Assistant, JHET, 2020. "The Economics of Bernard Lonergan: Context, Modelling and Assessment," OSF Preprints wytpq, Center for Open Science.
• Tae-Hwy Lee & Ekaterina Seregina, 2020. "Learning from Forecast Errors: A New Approach to Forecast Combinations," Papers 2011.02077, arXiv.org, revised May 2021.
• Shvets, Serhii, 2019. "Parametric early warning system model for Ukraine," MPRA Paper 103819, University Library of Munich, Germany.
• Zhao Chen & Yuxuan He & Zhikuo Liu & Juan Carlos Suárez Serrato & Daniel Yi Xu, 2020. "The Structure of Business Taxation in China," NBER Working Papers 28051, National Bureau of Economic Research, Inc.
• Jean-Bernard Chatelain & Kirsten Ralf, 2020. "How Macroeconomists Lost Control of Stabilization Policy: Towards Dark Ages," Working Papers halshs-02978527, HAL.
• Yothin Jinjarak & Ilan Noy & Quy Ta, 2020. "Pandemics and Economic Growth: Evidence from the 1968 H3N2 Influenza," CESifo Working Paper Series 8672, CESifo.