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 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:

• Lien Laureys & Roland Meeks & Boromeus Wanengkirtyo, 2020. "Optimal simple objectives for monetary policy when banks matter," CAMA Working Papers 2020-98, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Laureys, Lien & Meeks, Roland & Wanengkirtyo, Boromeus, 2020. "Optimal simple objectives for monetary policy when banks matter," Bank of England working papers 890, Bank of England.
• Michalis Nikiforos, 2020. "Induced shifting involvements and cycles of growth and distribution," Working Papers PKWP2021, Post Keynesian Economics Society (PKES).
• Riccardo De Bonis & Danilo Liberati & John Muellbauer & Concetta Rondinelli, 2020. "Consumption and wealth: new evidence from Italy," Temi di discussione (Economic working papers) 1304, Bank of Italy, Economic Research and International Relations Area.
• Dirk Niepelt, 2020. "Monetary Policy with Reserves and CBDC: Optimality, Equivalence, and Politics," Diskussionsschriften dp2018, Universitaet Bern, Departement Volkswirtschaft.
• 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 20-51, Bank of Canada.
• Buncic, Daniel, 2020. "Econometric issues with Laubach and Williams’ estimates of the natural rate of interest," Working Paper Series 397, Sveriges Riksbank (Central Bank of Sweden).
• Klaus Adam & Oliver Pfäuti & Timo Reinelt, 2020. "Falling Natural Rates, Rising Housing Volatility and the Optimal Inflation Target," CRC TR 224 Discussion Paper Series crctr224_2020_235, University of Bonn and University of Mannheim, Germany.
• Kirchner, Markus & Rieth, Malte, 2020. "Sovereign default risk, macroeconomic fluctuations and monetary-fiscal stabilisation," IWH Discussion Papers 22/2020, Halle Institute for Economic Research (IWH).
• Johar Arrieta & David Florián & Kristian López & Valeria Morales, 2020. "Policies for Transactional De-Dollarization: A Laboratory Study," Working Papers 172, Peruvian Economic Association.
• Marco Jacopo Lombardi & Marianna Riggi & Eliana Viviano, 2020. "Bargaining power and the Phillips curve: a micro-macro analysis," Temi di discussione (Economic working papers) 1302, Bank of Italy, Economic Research and International Relations Area.
• Na Guo & Bo Zhang & Jamie Cross, 2020. "Time-varying trend models for forecasting inflation in Australia," CAMA Working Papers 2020-99, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Fuest, Angela & Schmidt, Torsten, 2020. "Inflation expectation uncertainty in a New Keynesian framework," Ruhr Economic Papers 867, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Piyali Das & Chetan Ghate, 2020. "Public Debt in India: A Security Level Analysis," Discussion Papers 20-08, Indian Statistical Institute, Delhi.
• James Bishop & Iris Day, 2020. "How Many Jobs Did JobKeeper Keep?," RBA Research Discussion Papers rdp2020-07, Reserve Bank of Australia.
• Julian di Giovanni & Andrei A. Levchenko & Isabelle Mejean, 2020. "Foreign Shocks as Granular Fluctuations," Staff Reports 947, Federal Reserve Bank of New York.
• Alemán, Christian & Busch, Christopher & Ludwig, Alexander & Santaeulàlia-Llopis, Raül, 2020. "Evaluating the effectiveness of policies against a pandemic," SAFE Working Paper Series 294, Leibniz Institute for Financial Research SAFE.
• Jens H. E. Christensen & Glenn D. Rudebusch & Patrick Shultz, 2020. "Accounting for Low Long-Term Interest Rates: Evidence from Canada," Working Paper Series 2020-35, Federal Reserve Bank of San Francisco.
• Laurent Ferrara & Matteo Mogliani & Jean-Guillaume Sahuc, 2020. "High-frequency monitoring of growth-at-risk," CAMA Working Papers 2020-97, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• 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 20-26, The University of Western Australia, Department of Economics.
• Julian di Giovanni & Andrei A. Levchenko & Isabelle Mejean, 2020. "Foreign Shocks as Granular Fluctuations," Working Papers 1218, Barcelona School of Economics.
• Julian di Giovanni & Andrei A. Levchenko & Isabelle Mejean, 2020. "Foreign Shocks as Granular Fluctuations," Working Papers 678, Research Seminar in International Economics, University of Michigan.
• Alice Albonico & Guido Ascari & Qazi Haque, 2020. "The (Ir)Relevance of Rule-of-Thumb Consumers for U.S. Business Cycle Fluctuations," Working Papers 453, University of Milano-Bicocca, Department of Economics, revised Oct 2022.
• Máximo Camacho & Matías Pacce & Gabriel Pérez-Quirós, 2020. "Spillover effects in international business cycles," Working Papers 2034, Banco de España.
• Michael T. Kiley, 2020. "Financial Conditions and Economic Activity: Insights from Machine Learning," Finance and Economics Discussion Series 2020-095, Board of Governors of the Federal Reserve System (U.S.).
• Moritz Drechsel-Grau & Fabian Greimel, 2020. "Falling Behind: Has Rising Inequality Fueled the American Debt Boom?," CRC TR 224 Discussion Paper Series crctr224_2020_159v1, University of Bonn and University of Mannheim, Germany.
• Ayobami E. Ilori & Juan Paez-Farrell & Christoph Thoenissen, 2020. "Fiscal policy shocks and international spillovers," CAMA Working Papers 2020-95, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Fidrmuc, Jarko & Moroz, Serhiy & Reck, Fabian, 2020. "Regional risk-sharing in Ukraine," BOFIT Discussion Papers 25/2020, Bank of Finland, Institute for Economies in Transition.
• Prados de la Escosura, Leandro, 2020. "Capital in Spain, 1850-2019," IFCS - Working Papers in Economic History.WH 31464, Universidad Carlos III de Madrid. Instituto Figuerola.
• Niftiyev, Ibrahim, 2020. "Analysis of Inflation Trends in Urban and Rural Parts of Azerbaijan: Main Drivers and Links to Oil Revenue," EconStor Preprints 226217, ZBW - Leibniz Information Centre for Economics.
• Serdar Kabaca & Renske Maas & Kostas Mavromatis & Romanos Priftis, 2020. "Optimal Quantitative Easing in a Monetary Union," Staff Working Papers 20-49, Bank of Canada.
• Martín-Román, Ángel L., 2020. "Beyond the added-worker and the discouraged-worker effects: the entitled-worker effect," GLO Discussion Paper Series 707, Global Labor Organization (GLO).
• Martín-Román, Ángel L., 2020. "Beyond the added-worker and the discouraged-worker effects: the entitled-worker effect," MPRA Paper 103973, University Library of Munich, Germany.
• Moritz Drechsel-Grau & Fabian Greimel, 2020. "Falling Behind: Has Rising Inequality Fueled the American Debt Boom?," CRC TR 224 Discussion Paper Series crctr224_2020_159v2, University of Bonn and University of Mannheim, Germany.
• Gurgone, Andrea & Iori, Giulia, 2020. "Macroprudential capital buffers in heterogeneous banking networks: Insights from an ABM with liquidity crises," BERG Working Paper Series 164, Bamberg University, Bamberg Economic Research Group.
• 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 20/5, Walter Eucken Institut e.V..
• Miller, Sam & Wanengkirtyo, Boromeus, 2020. "Liquidity and monetary transmission: a quasi-experimental approach," Bank of England working papers 891, Bank of England.
• 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 2495, European Central Bank.
• 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 104217, University Library of Munich, Germany.
• Luis Angeles, 2020. "Four Phases in the History of Money," Working Papers 2020_24, Business School - Economics, University of Glasgow.
• World Bank, 2020. "China Economic Update, July 2020," World Bank Publications - Reports 34264, The World Bank Group.
• Jayawickrema, Vishuddhi, 2020. "The Impact of Federal Reserve's Conventional and Unconventional Monetary Policies on Equity Prices," MPRA Paper 104224, University Library of Munich, Germany.
• Monisankar Bishnu & Cagri Kumru, 2020. "A Note on the Annuity Role of Estate Tax - ONLINE SUPPLEMENT," ANU Working Papers in Economics and Econometrics 2020-676, Australian National University, College of Business and Economics, School of Economics.
• Ángel Luis Gómez, 2020. "The effects of changes in the composition of employment on euro area wage growth: panel data analysis," Occasional Papers 2028, Banco de España.
• 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 ESCoE DP-2020-15, Economic Statistics Centre of Excellence (ESCoE).
• World Bank, 2020. "Morocco Economic Monitor, July 2020 [Rapport de Suivi de La Situation Économique au Maroc, Juillet 2020]," World Bank Publications - Reports 34113, The World Bank Group.
• Lake, A., 2020. "Behavioural Finance at Home: Testing Deviations of House Prices from their Fundamental Values," Cambridge Working Papers in Economics 20104, Faculty of Economics, University of Cambridge.
• Erkal Ersoy, 2020. "The Crude Oil Market and US Economic Activity: Revisiting the Empirical Evidence," CEERP Working Paper Series 009, Centre for Energy Economics Research and Policy, Heriot-Watt University.
• Antonio Diez de los Rios, 2020. "A Macroeconomic Model of an Epidemic with Silent Transmission and Endogenous Self-isolation," Staff Working Papers 20-50, Bank of Canada.
• 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 104320, University Library of Munich, Germany.
• Kenny, Seán & Lennard, Jason & O'Rourke, Kevin Hjortshøj, 2020. "An annual index of Irish industrial production, 1800-1921," LSE Research Online Documents on Economics 107427, London School of Economics and Political Science, LSE Library.
• World Bank, 2020. "Indonesia Economic Prospects, July 2020," World Bank Publications - Reports 34123, The World Bank Group.
• Lake, A., 2020. "Optimal Feasible Expectations in Economics and Finance," Cambridge Working Papers in Economics 20105, Faculty of Economics, University of Cambridge.
• Maurin, Laurent & Pál, Rozália, 2020. "Investment vs debt trade-offs in the post-COVID-19 European economy," EIB Working Papers 2020/09, European Investment Bank (EIB).
• World Bank, 2020. "Nepal Development Update, July 2020," World Bank Publications - Reports 34178, The World Bank Group.
• Prados de la Escosura, Leandro & Roses Vendoiro, Juan Ramon, 2020. "Accounting for growth in Spain, 1850-2019," IFCS - Working Papers in Economic History.WH 31465, Universidad Carlos III de Madrid. Instituto Figuerola.
• James B. Bullard, 2020. "Bullard Discusses the U.S. Economy and Pandemic in Webinar," Speech 89083, Federal Reserve Bank of St. Louis.
• Emanuela Ciapanna & Sauro Mocetti & Alessandro Notarpietro, 2020. "The effects of structural reforms: Evidence from Italy," Temi di discussione (Economic working papers) 1303, Bank of Italy, Economic Research and International Relations Area.
• Oleksiy Kryvtsov & James MacGee, 2020. "Has the Inflation Process Changed? Selective Review of Recent Research on Inflation Dynamics," Discussion Papers 2020-11, Bank of Canada.
• Schön, Matthias, 2020. "Demographic change and the rate of return in PAYG pension systems," Discussion Papers 57/2020, Deutsche Bundesbank.
• World Bank, 2020. "Malawi Economic Monitor, July 2020," World Bank Publications - Reports 34220, The World Bank Group.
• Miguel St.Aubyn, 2020. "Covid 19 and loss of production – an estimate for Portugal from electricity consumption," CFP Working Papers 01/2020, Portuguese Public Finance Council.
• David Kohns & Arnab Bhattacharjee, 2019. "Interpreting Big Data in the Macro Economy: A Bayesian Mixed Frequency Estimator," CEERP Working Paper Series 010, Centre for Energy Economics Research and Policy, Heriot-Watt University.
• 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 2496, European Central Bank.
• Ljunge, Martin & Stenkula, Mikael, 2020. "Fertile Soil for Intrapreneurship: Impartial Institutions and Human Capital," Working Paper Series 1368, Research Institute of Industrial Economics.
• World Bank, 2020. "Kazakhstan Economic Update, Summer 2020," World Bank Publications - Reports 34221, The World Bank Group.
• Wang, Olivier, 2020. "Banks, low interest rates, and monetary policy transmission," Working Paper Series 2492, European Central Bank.
• Thomas M. Eisenbach & Gregory Phelan, 2020. "Cournot Fire Sales," Department of Economics Working Papers 2020-10, Department of Economics, Williams College.
• World Bank, 2020. "CPIA Africa, August 2020 [CPIA Afrique, Aout 2020]," World Bank Publications - Reports 34325, The World Bank Group.
• Scobie, Grant M, 2020. "If Bill Phillips were Governor ...? Some implications of his work for contemporary macroeconomic policy," Working Paper Series 9368, Victoria University of Wellington, Chair in Public Finance.
• 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 2020-10-23-2, Board of Governors of the Federal Reserve System (U.S.).
• World Bank, 2020. "Turkey Economic Monitor, August 2020," World Bank Publications - Reports 34318, The World Bank Group.
• Goutham Gopalakrishna, 2020. "Asset Pricing with Realistic Crises Dynamics," Swiss Finance Institute Research Paper Series 20-96, Swiss Finance Institute.
• Ryadh M. Alkhareif & William Barnett, 2020. "Nowcasting Real Gdp For Saudi Arabia," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202018, University of Kansas, Department of Economics, 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 RWP 20-16, Federal Reserve Bank of Kansas City.
• World Bank Group, 2020. "Papua New Guinea Economic Update, July 2020," World Bank Publications - Reports 34079, The World Bank Group.
• James B. Bullard, 2020. "The U.S. Economy and COVID-19: An Update," Speech 89082, Federal Reserve Bank of St. Louis.
• Jiménez, Bruno & Rendon, Silvio, 2020. "Does Employment Protection Unprotect Workers? The Labor Market Effects of Job Reinstatements in Peru," IZA Discussion Papers 13858, Institute of Labor Economics (IZA).
• Daniel Levy & Andrew T. Young, 2020. "Promise, Trust and Betrayal: Costs of Breaching an Implicit Contract," Working Paper series 20-26, Rimini Centre for Economic Analysis.
• Daniel Levy & Andrew T. Young, 2020. "Promise, Trust and Betrayal: Costs of Breaching an Implicit Contract," Working Papers 2020-07, Bar-Ilan University, Department of Economics.
• Fabio Cereda & Rafael M. Rubiao & Liliana D. Sousa, 2020. "COVID-19, Labor Market Shocks, Poverty in Brazil," World Bank Publications - Reports 34372, The World Bank Group.
• Luis Fernando Mejía & David Forero & Martha Elena Delgado & Bárbara Silva, 2020. "Agenda empresarial para la reactivación económica," Informes de Investigación 18520, Fedesarrollo.
• Francesca Carapella & Jean Flemming, 2020. "Central Bank Digital Currency: A Literature Review," FEDS Notes 2020-11-09-1, Board of Governors of the Federal Reserve System (U.S.).
• World Bank, 2020. "Digital Solutions in a Time of Crisis," World Bank Publications - Reports 34078, The World Bank Group.
• Arden Finn & Andrew Zadel, 2020. "Monitoring COVID-19 Impacts on Households in Zambia, Report No. 1," World Bank Publications - Reports 34459, The World Bank Group.
• World Bank, 2020. "COVID-19 Revenue Administration Implications," World Bank Publications - Reports 34152, The World Bank Group.
• Cristea, R. G., 2020. "Can Alternative Data Improve the Accuracy of Dynamic Factor Model Nowcasts?," Cambridge Working Papers in Economics 20108, Faculty of Economics, University of Cambridge.
• Pierre Jean Bachas & Anne Brockmeyer & Milan Lakicevic & Marc Schiffbauer & Camille Semelet, 2020. "The Impact of COVID-19 on Formal Firms," World Bank Publications - Reports 34390, The World Bank Group.
• 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 105183, London School of Economics and Political Science, LSE Library.
• Röhl, Klaus-Heiner, 2020. "Gleichwertige Lebensverhältnisse in Deutschland: Stellungnahme zur Öffentlichen Anhörung im Deutschen Bundestag am 18. November 2020," IW-Reports 58/2020, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• James B. Bullard, 2020. "Bullard Discusses U.S. Economy, Policy, Inflation during Virtual Event," Speech 89081, Federal Reserve Bank of St. Louis.
• 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 520, National Institute of Economic and Social Research.
• 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 34394, The World Bank Group.
• Andrew F. Haughwout & Donghoon Lee & Joelle Scally & Wilbert Van der Klaauw, 2020. "Following Borrowers through Forbearance," Liberty Street Economics 20201117, Federal Reserve Bank of New York.
• Pierre Bachas & Anne Brockmeyer & Tom Harris & Camille Semelet, 2020. "The Impact of COVID-19 on Formal Firms," World Bank Publications - Reports 34393, The World Bank Group.
• Klaus Adam, 2020. "Monetary Policy Challenges From Falling Natural Interest Rates," CRC TR 224 Discussion Paper Series crctr224_2020_240, University of Bonn and University of Mannheim, Germany.
• Fratzscher, Marcel & Heidland, Tobias & Menkhoff, Lukas & Sarno, Lucio & Schmeling, Maik, 2020. "Foreign exchange intervention: A new database," Kiel Working Papers 2171, Kiel Institute for the World Economy (IfW Kiel).
• Marcel Fratzscher & Tobias Heidland & Lukas Menkhoff & Lucio Sarno & Maik Schmeling, 2020. "Foreign Exchange Intervention: A New Database," Discussion Papers of DIW Berlin 1915, DIW Berlin, German Institute for Economic Research.
• Rod Garratt & Michael Junho Lee, 2020. "Monetizing Privacy with Central Bank Digital Currencies," Liberty Street Economics 20201123, Federal Reserve Bank of New York.
• Nuno Goncalves & Domingos Seward, 2019. "Forecasting unemployment in Portugal: A labour market flows approach," CFP Working Papers 01/2019, Portuguese Public Finance Council.
• Guilherme Lichand & Juliette Thibaud, 2020. "Parent-bias," ECON - Working Papers 369, Department of Economics - University of Zurich, revised Jun 2022.
• Juliane Begenau & Saki Bigio & Jeremy Majerovitz & Matias Vieyra, 2020. "A Q-Theory Of Banks," Working Papers 171, Peruvian Economic Association.
• Ari Van Assche, 2020. "Trade, investment and intangibles: The ABCs of global value chain-oriented policies," OECD Trade Policy Papers 242, OECD Publishing.
• Josh De Lyon & Swati Dhingra, 2020. "Firm investments in skills and capital in the UK services sector," OECD Economics Department Working Papers 1632, OECD Publishing.
• 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 521, National Institute of Economic and Social Research.
• Doerr, Sebastian & Gissler, Stefan & Peydró, José-Luis & Voth, Hans-Joachim, 2020. "From Finance to Fascism," EconStor Preprints 226220, ZBW - Leibniz Information Centre for Economics.