Report NEP-MAC-2020-12-07

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:

• Lien Laureys & Roland Meeks & Boromeus Wanengkirtyo, 2020, "Optimal Simple Objectives for Monetary Policy When Banks Matter," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-98, Nov.
• Lien Laureys & Roland Meeks & Boromeus Wanengkirtyo, 2020, "Optimal simple objectives for monetary policy when banks matter," Bank of England working papers, Bank of England, number 890, Nov.
• Michalis Nikiforos, 2020, "Induced shifting involvements and cycles of growth and distribution," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2021, Nov.
• Riccardo De Bonis & Danilo Liberati & John Muellbauer & Concetta Rondinelli, 2020, "Consumption and wealth: new evidence from Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1304, Nov.
• Dirk Niepelt, 2020, "Monetary Policy with Reserves and CBDC: Optimality, Equivalence, and Politics," Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft, number dp2018, Nov.
• James (Jim) C. MacGee & Thomas Michael Pugh & Kurt See, 2020, "The Heterogeneous Effects of COVID-19 on Canadian Household Consumption, Debt and Savings," Staff Working Papers, Bank of Canada, number 20-51, Nov, DOI: 10.34989/swp-2020-51.
• Buncic, Daniel, 2020, "Econometric issues with Laubach and Williams’ estimates of the natural rate of interest," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 397, Nov.
• Klaus Adam & Oliver Pfäuti & Timo Reinelt, 2020, "Falling Natural Rates, Rising Housing Volatility and the Optimal Inflation Target," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_235, Nov.
• Kirchner, Markus & Rieth, Malte, 2020, "Sovereign default risk, macroeconomic fluctuations and monetary-fiscal stabilisation," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 22/2020.
• Johar Arrieta & David Florián & Kristian López & Valeria Morales, 2020, "Policies for Transactional De-Dollarization: A Laboratory Study," Working Papers, Peruvian Economic Association, number 172, Nov.
• Marco Jacopo Lombardi & Marianna Riggi & Eliana Viviano, 2020, "Bargaining power and the Phillips curve: a micro-macro analysis," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1302, Nov.
• Na Guo & Bo Zhang & Jamie Cross, 2020, "Time-Varying Trend Models for Forecasting Inflation in Australia," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-99, Nov.
• Fuest, Angela & Schmidt, Torsten, 2020, "Inflation expectation uncertainty in a New Keynesian framework," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 867, DOI: 10.4419/96973004.
• Piyali Das & Chetan Ghate, 2020, "Public Debt in India: A Security Level Analysis," Discussion Papers, Indian Statistical Institute, Delhi, number 20-08, Oct.
• James Bishop & Iris Day, 2020, "How Many Jobs Did JobKeeper Keep?," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2020-07, Nov, DOI: 10.47688/rdp2020-07.
• Julian di Giovanni & Andrei A. Levchenko & Isabelle Méjean, 2020, "Foreign Shocks as Granular Fluctuations," Staff Reports, Federal Reserve Bank of New York, number 947, Nov.
• Alemán, Christian & Busch, Christopher & Ludwig, Alexander & Santaeulàlia-Llopis, Raül, 2020, "Evaluating the effectiveness of policies against a pandemic," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 294, DOI: 10.2139/ssrn.3714697.
• Jens H. E. Christensen & Glenn D. Rudebusch & Patrick Shultz, 2020, "Accounting for Low Long-Term Interest Rates: Evidence from Canada," Working Paper Series, Federal Reserve Bank of San Francisco, number 2020-35, Nov, DOI: 10.24148/wp2020-35.
• Laurent Ferrara & Matteo Mogliani & Jean-Guillaume Sahuc, 2020, "High-Frequency Monitoring of Growth-at-Risk," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-97, Nov.
• Alice Albonico & Guido Ascari & Qazi Haque, 2020, "The (Ir)Relevance of Rule-of-Thumb Consumers for U.S. Business Cycle Fluctuations," Economics Discussion / Working Papers, The University of Western Australia, Department of Economics, number 20-26.
• Isabelle Mejean & Julian di Giovanni, 2020, "Foreign Shocks as Granular Fluctuations," Working Papers, Barcelona School of Economics, number 1218, Nov.
• Julian di Giovanni & Andrei A. Levchenko & Isabelle Mejean, 2020, "Foreign Shocks as Granular Fluctuations," Working Papers, Research Seminar in International Economics, University of Michigan, number 678, Nov.
• Alice Albonico & Guido Ascari & Qazi Haque, 2020, "The (Ir)Relevance of Rule-of-Thumb Consumers for U.S. Business Cycle Fluctuations," Working Papers, University of Milano-Bicocca, Department of Economics, number 453, Nov, revised Oct 2022.
• Máximo Camacho & Matías Pacce & Gabriel Pérez-Quirós, 2020, "Spillover effects in international business cycles," Working Papers, Banco de España, number 2034, Nov.
• Michael T. Kiley, 2020, "Financial Conditions and Economic Activity: Insights from Machine Learning," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2020-095, Nov, DOI: 10.17016/FEDS.2020.095.
• Item repec:bon:boncrc:crctr224_2020_159v1 is not listed on IDEAS anymore

• Ayobami E. Ilori & Juan Paez-Farrell & Christoph Thoenissen, 2020, "Fiscal Policy Shocks and International Spillovers," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2020-95, Nov.
• Item repec:bof:bofitp:2020_025 is not listed on IDEAS anymore

• Prados de la Escosura, Leandro, 2020, "Capital in Spain, 1850-2019," IFCS - Working Papers in Economic History.WH, Universidad Carlos III de Madrid. Instituto Figuerola, number 31464, Nov.
• Niftiyev, Ibrahim, 2020, "Analysis of Inflation Trends in Urban and Rural Parts of Azerbaijan: Main Drivers and Links to Oil Revenue," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 226217, DOI: 10.2139/ssrn.3727013.
• Serdar Kabaca & Renske Maas & Kostas Mavromatis & Romanos Priftis, 2020, "Optimal Quantitative Easing in a Monetary Union," Staff Working Papers, Bank of Canada, number 20-49, Nov, DOI: 10.34989/swp-2020-49.
• Martín-Román, Ángel L., 2020, "Beyond the added-worker and the discouraged-worker effects: the entitled-worker effect," GLO Discussion Paper Series, Global Labor Organization (GLO), number 707.
• Martín-Román, Ángel L., 2020, "Beyond the added-worker and the discouraged-worker effects: the entitled-worker effect," MPRA Paper, University Library of Munich, Germany, number 103973, Nov.
• Moritz Drechsel-Grau & Fabian Greimel, 2020, "Falling Behind: Has Rising Inequality Fueled the American Debt Boom?," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_159v2, Nov.
• Gurgone, Andrea & Iori, Giulia, 2020, "Macroprudential capital buffers in heterogeneous banking networks: Insights from an ABM with liquidity crises," BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group, number 164.
• Feld, Lars P. & Wieland, Volker, 2020, "The German Federal Constitutional Court ruling and the European Central Bank's strategy," Freiburg Discussion Papers on Constitutional Economics, Walter Eucken Institut e.V., number 20/5.
• Sam Miller & Boromeus Wanengkirtyo, 2020, "Liquidity and monetary transmission: a quasi-experimental approach," Bank of England working papers, Bank of England, number 891, Nov.
• Christoffel, Kai & de Groot, Oliver & Mazelis, Falk & Montes-Galdón, Carlos, 2020, "Using forecast-augmented VAR evidence to dampen the forward guidance puzzle," Working Paper Series, European Central Bank, number 2495, Nov.
• Ferraro, Aniello & Agovino, Massimilano & Garofalo, Antonio & Cerciello, Massimilano, 2020, "A Regional Perspective on Social Exclusion in European Regions: Context, Trends and Policy Implications," MPRA Paper, University Library of Munich, Germany, number 104217, Oct.
• Luis Angeles, 2020, "Four Phases in the History of Money," Working Papers, Business School - Economics, University of Glasgow, number 2020_24, Dec.
• World Bank, 2020, "China Economic Update, July 2020," World Bank Publications - Reports, The World Bank Group, number 34264, Jul.
• Jayawickrema, Vishuddhi, 2020, "The Impact of Federal Reserve's Conventional and Unconventional Monetary Policies on Equity Prices," MPRA Paper, University Library of Munich, Germany, number 104224, Nov.
• Monisankar Bishnu & Cagri Kumru, 2020, "A Note on the Annuity Role of Estate Tax - ONLINE SUPPLEMENT," ANU Working Papers in Economics and Econometrics, Australian National University, College of Business and Economics, School of Economics, number 2020-676, Nov.
• Ángel Luis Gómez, 2020, "The effects of changes in the composition of employment on euro area wage growth: panel data analysis," Occasional Papers, Banco de España, number 2028, Nov.
• Leonard I. Nakamura, 2020, "Evidence of Accelerating Mismeasurement of Growth and Inflation in the U.S. in the 21st Century," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers, Economic Statistics Centre of Excellence (ESCoE), number ESCoE DP-2020-15, Nov.
• World Bank, 2020, "Morocco Economic Monitor, July 2020
  [Rapport de Suivi de La Situation Économique au Maroc, Juillet 2020]," World Bank Publications - Reports, The World Bank Group, number 34113, Jul.
• Lake, A., 2020, "Behavioural Finance at Home: Testing Deviations of House Prices from their Fundamental Values," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 20104, Nov.
• Erkal Ersoy, 2020, "The Crude Oil Market and US Economic Activity: Revisiting the Empirical Evidence," CEERP Working Paper Series, Centre for Energy Economics Research and Policy, Heriot-Watt University, number 009, Nov.
• Antonio Diez de los Rios, 2020, "A Macroeconomic Model of an Epidemic with Silent Transmission and Endogenous Self-isolation," Staff Working Papers, Bank of Canada, number 20-50, Nov, DOI: 10.34989/swp-2020-50.
• Kuikeu, Oscar, 2020, "La Coopération internationale à l’épreuve des faits : sur quelle base légiférer ? enseignements des relations de parité monétaire. Le cas de la Communauté économique et Monétaire d’Afrique centrale (C," MPRA Paper, University Library of Munich, Germany, number 104320, Nov.
• Kenny, Seán & Lennard, Jason & O'Rourke, Kevin Hjortshøj, 2020, "An annual index of Irish industrial production, 1800-1921," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 107427, Nov.
• World Bank, 2020, "Indonesia Economic Prospects, July 2020," World Bank Publications - Reports, The World Bank Group, number 34123, Jul.
• Lake, A., 2020, "Optimal Feasible Expectations in Economics and Finance," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 20105, Nov.
• Maurin, Laurent & Pál, Rozália, 2020, "Investment vs debt trade-offs in the post-COVID-19 European economy," EIB Working Papers, European Investment Bank (EIB), number 2020/09, DOI: 10.2867/417469.
• World Bank, 2020, "Nepal Development Update, July 2020," World Bank Publications - Reports, The World Bank Group, number 34178, Jul.
• Prados de la Escosura, Leandro & Roses Vendoiro, Juan Ramon, 2020, "Accounting for growth in Spain, 1850-2019," IFCS - Working Papers in Economic History.WH, Universidad Carlos III de Madrid. Instituto Figuerola, number 31465, Nov.
• James B. Bullard, 2020, "Bullard Discusses the U.S. Economy and Pandemic in Webinar," Speech, Federal Reserve Bank of St. Louis, number 89083, Nov.
• Emanuela Ciapanna & Sauro Mocetti & Alessandro Notarpietro, 2020, "The effects of structural reforms: Evidence from Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1303, Nov.
• Oleksiy Kryvtsov & James MacGee, 2020, "Has the Inflation Process Changed? Selective Review of Recent Research on Inflation Dynamics," Discussion Papers, Bank of Canada, number 2020-11, Nov, DOI: 10.34989/sdp-2020-11.
• Schön, Matthias, 2020, "Demographic change and the rate of return in PAYG pension systems," Discussion Papers, Deutsche Bundesbank, number 57/2020.
• World Bank, 2020, "Malawi Economic Monitor, July 2020," World Bank Publications - Reports, The World Bank Group, number 34220, Jul.
• Miguel St.Aubyn, 2020, "Covid 19 and loss of production – an estimate for Portugal from electricity consumption," CFP Working Papers, Portuguese Public Finance Council, number 01/2020, May.
• David Kohns & Arnab Bhattacharjee, 2019, "Interpreting Big Data in the Macro Economy: A Bayesian Mixed Frequency Estimator," CEERP Working Paper Series, Centre for Energy Economics Research and Policy, Heriot-Watt University, number 010, Oct.
• Reghezza, Alessio & Rodriguez d’Acri, Costanza & Pancotto, Livia & Molyneux, Philip, 2020, "Interest rate risk and monetary policy normalisation in the euro area," Working Paper Series, European Central Bank, number 2496, Nov.
• Ljunge, Martin & Stenkula, Mikael, 2020, "Fertile Soil for Intrapreneurship: Impartial Institutions and Human Capital," Working Paper Series, Research Institute of Industrial Economics, number 1368, Nov.
• World Bank, 2020, "Kazakhstan Economic Update, Summer 2020," World Bank Publications - Reports, The World Bank Group, number 34221, Jul.
• Wang, Olivier, 2020, "Banks, low interest rates, and monetary policy transmission," Working Paper Series, European Central Bank, number 2492, Nov.
• Thomas M. Eisenbach & Gregory Phelan, 2020, "Cournot Fire Sales," Department of Economics Working Papers, Department of Economics, Williams College, number 2020-10, Oct.
• World Bank, 2020, "CPIA Africa, August 2020
  [CPIA Afrique, Aout 2020]," World Bank Publications - Reports, The World Bank Group, number 34325, Aug.
• Item repec:vuw:vuwcpf:9368 is not listed on IDEAS anymore

• Jane E. Ihrig & Scott A. Wolla, 2020, "Closing the Monetary Policy Curriculum Gap: A Primer for Educators Making the Transition to Teaching the Fed's Ample-Reserves Framework," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2020-10-23-2, Oct, DOI: 10.17016/2380-7172.2754.
• World Bank, 2020, "Turkey Economic Monitor, August 2020," World Bank Publications - Reports, The World Bank Group, number 34318, Aug.
• Goutham Gopalakrishna, 2020, "Asset Pricing with Realistic Crises Dynamics," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-96, Nov.
• Ryadh M. Alkhareif & William A. Barnett, 2020, "Nowcasting Real Gdp For Saudi Arabia," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics, number 202018, Nov, revised Nov 2020.
• Qinchun He & Yulei Luo & Jun Nie & Heng-fu Zou, 2020, "Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 20-16, Nov, DOI: 10.18651/RWP2020-16.
• World Bank Group, 2020, "Papua New Guinea Economic Update, July 2020," World Bank Publications - Reports, The World Bank Group, number 34079, Jul.
• James B. Bullard, 2020, "The U.S. Economy and COVID-19: An Update," Speech, Federal Reserve Bank of St. Louis, number 89082, Nov.
• Jiménez, Bruno & Rendon, Silvio, 2020, "Does Employment Protection Unprotect Workers? The Labor Market Effects of Job Reinstatements in Peru," IZA Discussion Papers, Institute of Labor Economics (IZA), number 13858, Nov.
• Item repec:rim:rimwps:20-26 is not listed on IDEAS anymore

• Daniel Levy & Andrew T. Young, 2020, "Promise, Trust and Betrayal: Costs of Breaching an Implicit Contract," Working Papers, Bar-Ilan University, Department of Economics, number 2020-07, Jul.
• Fabio Cereda & Rafael M. Rubiao & Liliana D. Sousa, 2020, "COVID-19, Labor Market Shocks, Poverty in Brazil," World Bank Publications - Reports, The World Bank Group, number 34372, Jul.
• Luis Fernando Mejía & David Forero & Martha Elena Delgado & Barbara Silva, 2020, "Agenda empresarial para la reactivación económica," Informes de Investigación, Fedesarrollo, number 18520, Oct.
• Francesca Carapella & Jean Flemming, 2020, "Central Bank Digital Currency: A Literature Review," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2020-11-09-1, Nov, DOI: 10.17016/2380-7172.2790.
• World Bank, 2020, "Digital Solutions in a Time of Crisis," World Bank Publications - Reports, The World Bank Group, number 34078, Jul.
• Arden Finn & Andrew Zadel, 2020, "Monitoring COVID-19 Impacts on Households in Zambia, Report No. 1," World Bank Publications - Reports, The World Bank Group, number 34459, Jul.
• World Bank, 2020, "COVID-19 Revenue Administration Implications," World Bank Publications - Reports, The World Bank Group, number 34152, Jul.
• Cristea, R. G., 2020, "Can Alternative Data Improve the Accuracy of Dynamic Factor Model Nowcasts?," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 20108, Nov.
• Item repec:wbk:wboper:34390 is not listed on IDEAS anymore

• Stewart, Kitty & Cooper, Kerris & Shutes, Isabel, 2020, "What will ‘taking back control’ mean for social policy in the UK? Brexit, public services and social rights," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 105183, Oct.
• Röhl, Klaus-Heiner, 2020, "Gleichwertige Lebensverhältnisse in Deutschland: Stellungnahme zur Öffentlichen Anhörung im Deutschen Bundestag am 18. November 2020," IW-Reports, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 58/2020.
• James B. Bullard, 2020, "Bullard Discusses U.S. Economy, Policy, Inflation during Virtual Event," Speech, Federal Reserve Bank of St. Louis, number 89081, Oct.
• Chanelle Duley & Prasanna Gai, 2020, "When the penny doesn't drop - Macroeconomic tail risk and currency crises," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 520, Nov.
• Stewart Nixon, 2020, "Global Integration Is More Important than Ever to Contain the Economic and Health Fallout and Exit the COVID-19 Pandemic Crisis," World Bank Publications - Reports, The World Bank Group, number 34394, Aug.
• Andrew F. Haughwout & Donghoon Lee & Joelle Scally & Wilbert Van der Klaauw, 2020, "Following Borrowers through Forbearance," Liberty Street Economics, Federal Reserve Bank of New York, number 20201117, Nov.
• Item repec:wbk:wboper:34393 is not listed on IDEAS anymore

• Klaus Adam, 2020, "Monetary Policy Challenges From Falling Natural Interest Rates," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_240, Nov.
• Fratzscher, Marcel & Heidland, Tobias & Menkhoff, Lukas & Sarno, Lucio & Schmeling, Maik, 2020, "Foreign exchange intervention: A new database," Kiel Working Papers, Kiel Institute for the World Economy, number 2171.
• Marcel Fratzscher & Tobias Heidland & Lukas Menkhoff & Lucio Sarno & Maik Schmeling, 2020, "Foreign Exchange Intervention: A New Database," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1915.
• Rod Garratt & Michael Junho Lee, 2020, "Monetizing Privacy with Central Bank Digital Currencies," Liberty Street Economics, Federal Reserve Bank of New York, number 20201123, Nov.
• Nuno Goncalves & Domingos Seward, 2019, "Forecasting unemployment in Portugal: A labour market flows approach," CFP Working Papers, Portuguese Public Finance Council, number 01/2019, Nov.
• Guilherme Lichand & Juliette Thibaud, 2020, "Parent-bias," ECON - Working Papers, Department of Economics - University of Zurich, number 369, Nov, revised Jun 2022.
• Juliane Begenau & Saki Bigio & Jeremy Majerovitz & Matias Vieyra, 2020, "A Q-Theory Of Banks," Working Papers, Peruvian Economic Association, number 171, Nov.
• Ari Van Assche, 2020, "Trade, investment and intangibles: The ABCs of global value chain-oriented policies," OECD Trade Policy Papers, OECD Publishing, number 242, Nov, DOI: 10.1787/750f13e6-en.
• Josh De Lyon & Swati Dhingra, 2020, "Firm investments in skills and capital in the UK services sector," OECD Economics Department Working Papers, OECD Publishing, number 1632, Nov, DOI: 10.1787/c595cf3b-en.
• Roland Pongou & Guy Tchuente & Jean-Baptiste Tondji, 2020, "An Economic Model of Health-vs-Wealth Prioritization During COVID-19: Optimal Lockdown, Network Centrality, and Segregation," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 521, Nov.
• Doerr, Sebastian & Gissler, Stefan & Peydró, José-Luis & Voth, Hans-Joachim, 2020, "From Finance to Fascism," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 226220.

Report NEP-MAC-2020-12-07

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: