Report NEP-MAC-2021-03-15

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:

• Saki Bigio & Yuliy Sannikov, 2021, "A Model of Credit, Money, Interest, and Prices," NBER Working Papers, National Bureau of Economic Research, Inc, number 28540, Mar.
• Marcin Kolasa & Grzegorz Wesołowski, 2021, "Quantitative Easing in the US and Financial Cycles in Emerging Markets," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2021-063, Mar.
• C Bora Durdu & Molin Zhong, 2021, "Understanding bank and non-bank credit cycles: a structural exploration," BIS Working Papers, Bank for International Settlements, number 919, Jan.
• Habiyaremye, Alexis & Jacobs, Peter & Molewa, Olebogeng & Lekomanyane, Pelontle, 2021, "Macroeconomic stimulus packages and income inequality in developing countries: Lessons from the 2007-9 Great Recession for the Covid-19 crisis in South Africa," MERIT Working Papers, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT), number 2021-006, Feb.
• Alina Carare & Carlos de Resende & Andrew T. Levin & Chelsea Zhang, 2021, "Do Monetary Policy Frameworks Matter in Low Income Countries?," NBER Working Papers, National Bureau of Economic Research, Inc, number 28536, Mar.
• Iryna Kaminska & Haroon Mumtaz & Roman Sustek, 2021, "Monetary policy surprises and their transmission through term premia and expected interest rates," Bank of England working papers, Bank of England, number 914, Mar.
• Luciana Galeano & Alejandro Izquierdo & Jorge P. Puig & Carlos A. Vegh & Guillermo Vuletin, 2021, "Can Automatic Government Spending Be Procyclical?," NBER Working Papers, National Bureau of Economic Research, Inc, number 28521, Mar.
• Evans, Trevor, 2021, "The twilight of neoliberalism in the USA?," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 157/2021.
• Sebastian Edwards & Luis Cabezas, 2021, "Exchange Rate Pass-Through, Monetary Policy, and Real Exchange Rates: Iceland and the 2008 Crisis," NBER Working Papers, National Bureau of Economic Research, Inc, number 28520, Mar.
• Eckhard Hein & Ryan Woodgate, 2020, "Stability issues in Kaleckian models driven by autonomous demand growth - Harrodian instability and debt dynamics," FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 55-2020.
• Robert Oleschak, 2021, "Financial inclusion, technology and their impacts on monetary and fiscal policy: theory and evidence," Working Papers, Swiss National Bank, number 2021-04.
• Verónica Acurio Vásconez & Olivier Damette & David W. Shanafelt, 2021, "Macroepidemics and unconventional monetary policy: Coupling macroeconomics and epidemiology in a financial DSGE-SIR framework," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2021-04.
• Lucas Hafemann, 2021, "Prudential Policies in the Eurozone: A Propensity Score Matching Approach," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202109.
• Nélida Díaz Sobrino & Corinna Ghirelli & Samuel Hurtado & Javier J. Pérez & Alberto Urtasun, 2020, "The narrative about the economy as a shadow forecast: an analysis using Banco de España quarterly reports," Working Papers, Banco de España, number 2042, Dec.
• Leopold Ringwald & Thomas O. Zörner, 2021, "The money-inflation nexus revisited," Department of Economics Working Papers, Vienna University of Economics and Business, Department of Economics, number wuwp310, Mar.
• Jérémy Fouliard & Michael Howell & Hélène Rey, 2021, "Answering the Queen: Machine learning and financial crises," BIS Working Papers, Bank for International Settlements, number 926, Feb.
• Jan Behringer, 2020, "Factor shares and the rise in corporate net lending," FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 53-2020.
• Romain Baeriswyl & Lucas Marc Fuhrer & Petra Gerlach & Jörn Tenhofen, 2021, "The dynamics of bank rates in a negative-rate environment - the Swiss case," Working Papers, Swiss National Bank, number 2021-05.
• Laurence M. Ball & N. Gregory Mankiw, 2021, "Market Power in Neoclassical Growth Models," NBER Working Papers, National Bureau of Economic Research, Inc, number 28538, Mar.
• Mathias Hoffmann & Iryna Stewen & Michael Stiefel, 2021, "Growing like Germany: local public debt, local banks, low private investment," ECON - Working Papers, Department of Economics - University of Zurich, number 380, Mar, revised Dec 2023.
• Stefano Carattini & Garth Heutel & Givi Melkadze, 2021, "Climate Policy, Financial Frictions, and Transition Risk," NBER Working Papers, National Bureau of Economic Research, Inc, number 28525, Mar.
• Kroencke, Tim-Alexander & Schmeling, Maik & Schrimpf, Andreas, 2021, "The FOMC risk shift," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 302, DOI: 10.2139/ssrn.3774275.
• Anna Belianska & Aurélien Eyquem & Céline Poilly, 2021, "The Transmission Channels of Government Spending Uncertainty," AMSE Working Papers, Aix-Marseille School of Economics, France, number 2115, Mar.
• Olivier Coibion & Yuriy Gorodnichenko & Michael Weber & Michael Weber, 2021, "Fiscal Policy and Households' Inflation Expectations: Evidence from a Randomized Control Trial," CESifo Working Paper Series, CESifo, number 8905.
• Nadiia Shapovalenko, 2021, "A BVAR Model for Forecasting Ukrainian Inflation," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 05-2021, Mar.
• Javier Andrés & Óscar Arce & Pablo Burriel, 2021, "Market polarization and the phillips curve," Working Papers, Banco de España, number 2106, Feb.
• Jiaqi Li, 2021, "Imperfect Banking Competition and Macroeconomic Volatility: A DSGE Framework," Staff Working Papers, Bank of Canada, number 21-12, Mar, DOI: 10.34989/swp-2021-12.
• Hideaki Aoyama & Corrado Di Guilmi & Yoshi Fujiwara & Hiroshi Yoshikawa, 2021, "Dual Labor Market and the "Phillips Curve Puzzle"," Papers, arXiv.org, number 2103.06482, Mar.
• Hideaki AOYAMA & Corrado DI GUILMI & Yoshi FUJIWARA & Hiroshi YOSHIKAWA, 2021, "Dual Labor Market and the "Phillips Curve Puzzle"," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 21006, Jan.
• Benjamin Friedrich & Lisa Laun & Costas Meghir, 2021, "Income Dynamics of Immigrants and Natives in Sweden 1985-2016," NBER Working Papers, National Bureau of Economic Research, Inc, number 28527, Mar.
• Tanaka, Yasuhito, 2021, "完全雇用実現のための財政政策について： 世代重複モデルによる理論的分析
  [On the fiscal policy for full employment: Theoretical analysis with an overlapping generations model]," MPRA Paper, University Library of Munich, Germany, number 106546, Mar.
• Gaillard, Alexandre & Kankanamge, Sumudu, 2021, "Entrepreneurship and Labor Market Mobility: the Role of Unemployment Insurance," TSE Working Papers, Toulouse School of Economics (TSE), number 21-1187, Feb.
• Nezih Guner & Javier López-Segovia & Roberto Ramos, 2020, "Reforming the individual income tax in Spain," Working Papers, Banco de España, number 2043, Dec.
• Zhengyang Jiang & Hanno Lustig & Stijn Van Nieuwerburgh & Mindy Z. Xiaolan, 2021, "Manufacturing Risk-Free Government Debt," CESifo Working Paper Series, CESifo, number 8902.
• Andrea Bellucci & Alexander Borisov & Gianluca Gucciardi & Alberto Zazzaro, 2021, "The Reallocation Effects of COVID-19: Evidence from Venture Capital Investments around the World," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 602, Jan.
• Item repec:fip:a00001:90108 is not listed on IDEAS anymore

• Camehl, Annika & Rieth, Malte, 2021, "Disentangling Covid-19, economic mobility, and containment policy shocks," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 2/2021.
• Federico Bassi & Tom Bauermann & Dany Lang & Mark Setterfield, 2020, "Is capacity utilization variable in the long run? An agent-based sectoral approach to modeling hysteresis in the normal rate of capacity utilization," FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 56-2020.
• Yongyang Cai & Kenneth L. Judd, 2021, "A Simple but Powerful Simulated Certainty Equivalent Approximation Method for Dynamic Stochastic Problems," NBER Working Papers, National Bureau of Economic Research, Inc, number 28502, Feb.
• Robert Hetzel, 2021, "A Quantity Theory Framework for Thinking about Monetary Policy," Studies in Applied Economics, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, number 174, Mar.
• Lei Fang & Fang Yang, 2021, "Consumption and Hours between the United States and France," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2021-7, Jan, DOI: 10.29338/wp2021-07.
• Eric Alexander Sugandi, 2020, "Indonesia’s Financial Markets and Monetary Policy Dynamics Amid the Covid-19 Pandemic," ADBI Working Papers, Asian Development Bank Institute, number 1198, Nov.
• Armelius, Hanna & Claussen, Carl Andreas & Hull, Isaiah, 2021, "On the possibility of a cash-like CBDC," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 231485.
• Item repec:upd:utmpwp:030 is not listed on IDEAS anymore

• International Monetary Fund, 2021, "Paraguay: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Paraguay," IMF Staff Country Reports, International Monetary Fund, number 2021/045, Mar.
• Stefania Albanesi & Jiyeon Kim, 2021, "The Gendered Impact of the COVID-19 Recession on the US Labor Market," NBER Working Papers, National Bureau of Economic Research, Inc, number 28505, Feb.
• Ioannis Chatziantoniou & David Gabauer & Alexis Stenfors, 2021, "Interest Rate Swaps and the Transmission Mechanism of Monetary Policy: A Quantile Connectedness Approach," Working Papers in Economics & Finance, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, number 2021-03, Mar.
• T. Carraro & Edoardo Gaffeo & Marco Gallegati, 2021, "Risk and Strategic Complementarities: Banks Behavior, Supervision and Macroprudential Policies," Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali, number 452, Mar.
• Niftiyev, Ibrahim, 2021, "Understanding Principal Component Analysis (PCA) in the Azerbaijan Economy: Case Studies of Vegetable and Fruit Sectors," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 230316, DOI: 10.2139/ssrn.3782426.
• Odhiambo, Nicholas M, 2021, "Foreign direct investment and economic growth in Kenya: An empirical investigation," Working Papers, University of South Africa, Department of Economics, number 27168, Jan.
• International Monetary Fund, 2021, "Indonesia: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia," IMF Staff Country Reports, International Monetary Fund, number 2021/046, Mar.
• Janet Hua & Yu Zhu, 2021, "Monetary Policy Pass-Through with Central Bank Digital Currency," Staff Working Papers, Bank of Canada, number 21-10, Mar, DOI: 10.34989/swp-2021-10.
• Klaus Gründler & Tommy Krieger, 2021, "Using Machine Learning for Measuring Democracy: An Update," CESifo Working Paper Series, CESifo, number 8903.
• Youngsoo Jang & Soyoung Lee, 2021, "A Generalized Endogenous Grid Method for Default Risk Models," Staff Working Papers, Bank of Canada, number 21-11, Mar, DOI: 10.34989/swp-2021-11.
• International Monetary Fund, 2021, "Costa Rica: 2021 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica," IMF Staff Country Reports, International Monetary Fund, number 2021/048, Mar.
• Pencavel, John H., 2021, "Hours, Employment, and Earnings of American Manufacturing Workers from the Nineteenth to the Twenty-First Centuries," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14175, Mar.
• Raphael Auer & Cyril Monnet & Hyun Song Shin, 2021, "Distributed ledgers and the governance of money," BIS Working Papers, Bank for International Settlements, number 924, Jan.
• Yunus Aksoy & Henrique S. Basso & Carolyn St Aubyn, 2021, "Time variation in lifecycle consumption and income," Working Papers, Banco de España, number 2111, Jan.
• Item repec:zbw:esrepo:231406 is not listed on IDEAS anymore

• International Monetary Fund, 2021, "Bosnia and Herzegovina: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina," IMF Staff Country Reports, International Monetary Fund, number 2021/043, Feb.
• Kéa Baret & Amélie Barbier-Gauchard & Théophilos Papadimitriou, 2021, "Forecasting the Stability and Growth Pact compliance using Machine Learning," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2021-01.
• Kevin Genna & Christian Ghiglino & Kazuo Nishimura & Alain Venditti, 2021, "Knowledge-Based Structural Change," AMSE Working Papers, Aix-Marseille School of Economics, France, number 2119, Mar.
• Persyn, Damiaan, 2021, "Aggregation bias in wage rigidity estimation," MPRA Paper, University Library of Munich, Germany, number 106464, Mar.
• Pedro Bento, 2020, "Female Entrepreneurship in the U.S. 1982 - 2012: Implications for Welfare and Aggregate Output," Working Papers, Texas A&M University, Department of Economics, number 20201201-001, Dec.
• Mitman, Kurt & Rabinovich, Stanislav, 2021, "Whether, When and How to Extend Unemployment Benefits: Theory and Application to COVID-19," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14085, Jan.
• Gabriel E. Kreindler & Yuhei Miyauchi, 2021, "Measuring Commuting and Economic Activity inside Cities with Cell Phone Records," NBER Working Papers, National Bureau of Economic Research, Inc, number 28516, Feb.
• Eeva Kerola & Benoit Mojon, 2021, "What 31 provinces reveal about growth in China," BIS Working Papers, Bank for International Settlements, number 925, Jan.
• International Monetary Fund, 2021, "Democratic Republic of São Tomé: Second Review under the Extended Credit Facility, Request for Waiver for Nonobservance of Performance Criterion, Request for Modification of Performance Criteria, and ," IMF Staff Country Reports, International Monetary Fund, number 2021/051, Mar.
• Ringwald, Leopold & Zörner, Thomas O., 2021, "The money-inflation nexus revisited," Department of Economics Working Paper Series, WU Vienna University of Economics and Business, number 310, Mar.
• David Martinez Turegano, 2021, "The transmission of productivity through global value chains: formal concept and application to recent developments in the EU27," JRC Research Reports, Joint Research Centre, number JRC122076, Mar.
• Gabriel Jiménez & David Martínez-Miera & José-Luis Peydró, 2020, "Who Truly Bears (Bank) Taxes? Evidence from Only Shifting Statutory Incidence," Working Papers, Banco de España, number 2040, Dec.
• Marcelo Garriga, 2019, "Repensando el impuesto al valor agregado," CEFIP, Working Papers, CEFIP, Universidad Nacional de La Plata, number 033, Aug.
• Claire Greene & Brian Prescott & Oz Shy, 2021, "How People Pay Each Other: Data, Theory, and Calibrations," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2021-11, Feb, DOI: 10.29338/wp2021-11.
• Boris Fisera & Menbere Workie Tiruneh & David Hojdan, 2021, "Currency Depreciations in Emerging Economies: A Blessing or a Curse for External Debt Management?," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2021/06, Mar, revised Mar 2021.
• Pierre-Olivier Gourinchas & Ṣebnem Kalemli-Özcan & Veronika Penciakova & Nick Sander, 2021, "COVID-19 and SMEs: A 2021 "Time Bomb"?," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2021-6, Jan, DOI: 10.29338/wp2021-06.
• Juliane Begenau & Tim Landvoigt, 2021, "Financial Regulation in a Quantitative Model of the Modern Banking System," NBER Working Papers, National Bureau of Economic Research, Inc, number 28501, Feb.
• Item repec:imf:imfdps:2021/003 is not listed on IDEAS anymore

• Kenichiro McAlinn & Kosaku Takanashi, 2021, "Convergence of Computed Dynamic Models with Unbounded Shock," Papers, arXiv.org, number 2103.06483, Mar.
• Andre M. Marques & Gilberto Tadeu Lima, 2021, "Testing for Granger Causality in Quantiles Between the Wage Share and Capacity Utilization," Working Papers, Department of Economics, University of São Paulo (FEA-USP), number 2021_03, Mar.
• Jesús Fernández-Villaverde & Federico Mandelman & Yang Yu & Francesco Zanetti, 2021, "The “Matthew Effect” and Market Concentration: Search Complementarities and Monopsony Power," NBER Working Papers, National Bureau of Economic Research, Inc, number 28495, Feb.
• Chakraborty, Lekha, 2021, "Macroeconomic Framework of Union Budget 2021-22: Reconsidering the Fiscal Rules," Working Papers, National Institute of Public Finance and Policy, number 21/328, Mar.
• Anmol Bhandari & Serdar Birinci & Ellen R. McGrattan & Kurt See, 2019, "What Do Survey Data Tell Us about US Businesses?," Working Papers, Federal Reserve Bank of St. Louis, number 2019-021, Jul, revised Jan 2020, DOI: 10.20955/wp.2019.021.
• Jasmien De Winne & Gert Peersman, 2021, "The Adverse Consequences Of Global Harvest And Weather Disruptions On Economic Activity," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 21/1012, Mar.
• Claudia M. Buch & Matthieu Bussiere & Linda S. Goldberg, 2021, "Will Capital Flows through Global Banks Support Economic Recovery?," Liberty Street Economics, Federal Reserve Bank of New York, number 20210301, Mar.
• Kohei Hasui & Teruyoshi Kobayashi & Tomohiro Sugo, 2021, "Optimal irreversible monetary policy," Discussion Papers, Graduate School of Economics, Kobe University, number 2109, Feb.
• Alejandro Rojas-Bernal & Mauricio Villamizar-Villegas, 2021, "Pricing the exotic: Path-dependent American options with stochastic barriers," Borradores de Economia, Banco de la Republica de Colombia, number 1156, Mar, DOI: https://doi.org/10.32468/be.1156.
• Hirsch, Patrick & Köhler, Ekkehard A. & Feld, Lars P. & Thomas, Tobias, 2020, ""Whatever it takes!": How tonality of TV-news affects government bond yield spreads during crises," Freiburg Discussion Papers on Constitutional Economics, Walter Eucken Institut e.V., number 20/9.
• Schreiber, Sven & Schmidt, Vanessa, 2021, "Missing growth measurement in Germany," Discussion Papers, Free University Berlin, School of Business & Economics, number 2021/7, DOI: 10.17169/refubium-29566.
• Jianchao Fan & Jing Liu & Yinggang Zhou, 2021, "Investing like conglomerates: is diversification a blessing or curse for China's local governments?," BIS Working Papers, Bank for International Settlements, number 920, Jan.
• Emin M. Dinlersoz & Timothy Dunne & John Haltiwanger & Veronika Penciakova, 2021, "Business Formation: A Tale of Two Recessions," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2021-5, Jan, DOI: 10.29338/wp2021-05.
• Dorsaf Elbir Merhbene, 2021, "The relationship between non-performing loans, banking system stability and economic activity: The case of Tunisia," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 03-2021, Feb.
• Roberto Casarin & Stefano Grassi & Francesco Ravazzolo & Herman K. van Dijk, 2021, "A Bayesian Dynamic Compositional Model for Large Density Combinations in Finance," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 21-016/III, Feb.
• Raphaël DIDIER, 2020, "La résilience des monnaies locales françaises à la crise de la covid-19. Une analyse basée sur le Florain," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2020-56.
• Juan C. Palomino & Juan G. Rodríguez & Raquel Sebastian, 2021, "The COVID-19 shock on the labour market: Poverty and inequality effects across Spanish regions," Documentos de Trabajo del ICAE, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico, number 2021-03, Feb.
• Jeremy Greenwood & Yueyuan Ma & Mehmet Yorukoglu, 2021, "‘You Will:’ A Macroeconomic Analysis of Digital Advertising," NBER Working Papers, National Bureau of Economic Research, Inc, number 28537, Mar.

Report NEP-MAC-2021-03-15

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: