Report NEP-MAC-2021-04-05

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:

• Rubén Domínguez Díaz, 2021, "Hiring Stimulus and Precautionary Savings in a Liquidity Trap," ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany, number 072, Mar.
• Peña, Guillermo, 2021, "A Monetary Policy Rule using Gravity Models," MPRA Paper, University Library of Munich, Germany, number 105967, Feb.
• Jorge Carrera & Gaspar Maciel & Esteban Rodríguez, 2020, "La flexibilidad de un instrumento de política monetaria: El caso de las LEBAC en Argentina," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4325, Nov.
• Jin Cao & Valeriya Dinger & Anna Grodecka-Messi & Ragnar Juelsrud & Xin Zhang, 2020, "The interaction between macroprudential and monetary policies: The cases of Norway and Sweden," Working Paper, Norges Bank, number 2020/8, Jul.
• Francesco Furlanetto & Ørjan Robstad & Pål Ulvedal & Antoine Lepetit, 2020, "Estimating hysteresis effects," Working Paper, Norges Bank, number 2020/13, Oct.
• Francesco Furlanetto & Kåre Hagelund & Frank Hansen & Ørjan Robstad, 2020, "Norges Bank Output Gap Estimates: Forecasting Properties, Reliability and Cyclical Sensitivity," Working Paper, Norges Bank, number 2020/7, Jul.
• Carlos Cantú & Paolo Cavallino & Fiorella De Fiore & James Yetman, 2021, "A global database on central banks' monetary responses to Covid-19," BIS Working Papers, Bank for International Settlements, number 934, Mar.
• Paul Levine & Neil Rickman, 2021, "Optimal Lockdown in an Epidemiological-Macroeconomic Model," School of Economics Discussion Papers, School of Economics, University of Surrey, number 0421, Mar.
• Luke Hartigan & Michelle Wright, 2021, "Financial Conditions and Downside Risk to Economic Activity in Australia," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2021-03, Mar, DOI: 10.47688/rdp2021-03.
• Daniel L. Greenwald & Matteo Leombroni & Hanno Lustig & Stijn Van Nieuwerburgh, 2021, "Financial and Total Wealth Inequality with Declining Interest Rates," NBER Working Papers, National Bureau of Economic Research, Inc, number 28613, Mar.
• Joachim Hubmer & Pascual Restrepo, 2021, "Not a Typical Firm: The Joint Dynamics of Firms, Labor Shares, and Capital–Labor Substitution," NBER Working Papers, National Bureau of Economic Research, Inc, number 28579, Mar.
• Christian Bredemeier & Falko Juessen & Andreas Schabert, 2021, "Why Are Fiscal Multipliers Moderate Even Under Monetary Accommodation?," ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany, number 074, Mar.
• Sim, Chong Yang, 2021, "A Review on Output-Inflation Trade-off Based on New Classical and New Keynesian Theories," MPRA Paper, University Library of Munich, Germany, number 105767, Feb.
• O'Brien, Martin & Velasco, Sofia, 2020, "Unobserved components models with stochastic volatility for extracting trends and cycles in credit," Research Technical Papers, Central Bank of Ireland, number 09/RT/20, Dec.
• Blanco, Andrés & Diaz de Astarloa, Bernardo & Drenik, Andres & Moser, Christian & Trupkin, Danilo, 2021, "The Evolution of the Earnings Distribution in a Volatile Economy: Evidence from Argentina," MPRA Paper, University Library of Munich, Germany, number 105759, Feb.
• S. Borağan Aruoba & Marko Mlikota & Frank Schorfheide & Sergio Villalvazo, 2021, "SVARs With Occasionally-Binding Constraints," NBER Working Papers, National Bureau of Economic Research, Inc, number 28571, Mar.
• Nakatani, Ryota, 2021, "Fiscal Rules for Natural Disaster- and Climate Change-Prone Small States," MPRA Paper, University Library of Munich, Germany, number 106020, Feb.
• Yuriy Gorodnichenko & Tho Pham & Oleksandr Talavera, 2021, "The Voice of Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 28592, Mar.
• Kitov, Ivan, 2021, "The link between unemployment and real economic growth in developed countries," MPRA Paper, University Library of Munich, Germany, number 105873, Feb, revised 07 Feb 2021.
• Yilmaz, Nejat & Yucel, Eray, 2021, "Exchange Rate Pass-Through to Consumer Prices in Turkey: Nonparametric Kernel Estimation Evidence," MPRA Paper, University Library of Munich, Germany, number 105895, Feb.
• Lydon, Reamonn & Simmons, Michael, 2020, "The ins and outs of the gender unemployment gap in the OECD," Research Technical Papers, Central Bank of Ireland, number 10/RT/20, Dec.
• Ingholt, Marcus Mølbak, 2020, "Multiple credit constraints and timevarying macroeconomic dynamics," Working Paper, Norges Bank, number 2020/10, Aug.
• Manuel Rubio-García & Santiago Casta�o-Salas, 2020, "El excedente económico en economías periféricas: una perspectiva teórica desde los aportes de Baran, Prebisch y Furtado," Ensayos de Economía, Universidad Nacional de Colombia Sede Medellín, number 19133, Jul.
• Klodiana Istrefi & Florens Odendahl & Giulia Sestieri, 2021, "Fed communication on financial stability concerns and monetary policy decisions: revelations from speeches," Working Papers, Banco de España, number 2110, Mar.
• Goodhead, Robert, 2021, "The Economic Impact of Yield Curve Compression: Evidence from Euro Area Forward Guidance and Unconventional Monetary Policy," Research Technical Papers, Central Bank of Ireland, number 1/RT/21, Jan.
• Sergio Cesaratto & Riccardo Pariboni, 2021, "Keynes’s finance, the monetary and demand-led circuits: a Sraffian assessment," Department of Economics University of Siena, Department of Economics, University of Siena, number 851, Mar.
• Luisito BERTINELLI & Olivier CARDI & Romain RESTOUT, 2021, "Labor Market Effects Of Technology Shocks Biased Toward The Traded Sector," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2021-09.
• Carlos Esteban Posada Posada & Wilman G�mez & Remberto Rhenals, 2021, "Caída y convergencia mundial de las tasas de inflación," Documentos de Trabajo de Valor Público, Universidad EAFIT, number 19129, Mar.
• Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2021, "Intergenerational redistributive effects of monetary policy," Working Papers, Faculty of Economic Sciences, University of Warsaw, number 2021-03.
• Wang, Boqun & Yang, Dennis Tao, 2021, "Volatility and Economic Systems: Evidence from A Large Transitional Economy," MPRA Paper, University Library of Munich, Germany, number 106624.
• Jon Ellingsen & Vegard H. Larsen & Leif Anders Thorsrud, 2020, "News media vs. FRED-MD for macroeconomic forecasting," Working Paper, Norges Bank, number 2020/14, Oct.
• Luca Benati & Thomas A. Lubik, 2021, "Searching for Hysteresis," Working Paper, Federal Reserve Bank of Richmond, number 21-03, Feb, DOI: 10.21144/wp21-03.
• Hamza Bennani, 2021, "Monetary Policy and the Racial Unemployment Rates in the US," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2021-8.
• Engbom, Niklas & Gonzaga, Gustavo & Moser, Christian & Olivieri, Roberta, 2021, "Earnings Inequality and Dynamics in the Presence of Informality: The Case of Brazil," MPRA Paper, University Library of Munich, Germany, number 105758, Feb.
• Ida, Daisuke & Iiboshi, Hirokuni, 2021, "The interaction of forward guidance in a two-country new Keynesian model," MPRA Paper, University Library of Munich, Germany, number 106752, Mar.
• Vasconcelos Costa, André, 2021, "Rising Stocks during Lockdown Economic Recessions: Explaining the Phenomenon," MPRA Paper, University Library of Munich, Germany, number 106710, Mar.
• Giovanni Pellegrino & Efrem Castelnuovo & Giovanni Caggiano, 2021, "Uncertainty and Monetary Policy during the Great Recession," Economics Working Papers, Department of Economics and Business Economics, Aarhus University, number 2021-05, Mar.
• Neifar, Malika, 2021, "Suisse stock return, Macro Factors, and Efficient Market ‎Hypothesis: evidence from ARDL model," MPRA Paper, University Library of Munich, Germany, number 105717, Jan.
• Tanaka, Yasuhito, 2021, "Technical progress and involuntary unemployment under deflation with real balance effect and fiscal policy for full-employment," MPRA Paper, University Library of Munich, Germany, number 106714, Mar.
• Yan Ji & Songyuan Teng & Robert Townsend, 2021, "Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality," NBER Working Papers, National Bureau of Economic Research, Inc, number 28582, Mar.
• Zeno Enders & David A. Vespermann, 2021, "Cross-Country Unemployment Insurance, Transfers, and Trade-Offs in International Risk Sharing," CESifo Working Paper Series, CESifo, number 8965.
• Asaf Bernstein & Peter Koudijs, 2021, "The Mortgage Piggy Bank: Building Wealth through Amortization," NBER Working Papers, National Bureau of Economic Research, Inc, number 28574, Mar.
• Dirk Krueger & Harald Uhlig & Taojun Xie, 2021, "Macroeconomic Dynamics and Reallocation in an Epidemic: Evaluating the "Swedish Solution"," ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany, number 075, Mar.
• Miyake, Yusuke, 2021, "Childcare Support and Public Capital in an Ultra-Declining Birthrate Society," MPRA Paper, University Library of Munich, Germany, number 106876, Mar.
• Harashima, Taiji, 2021, "Consequence of Heterogeneous Economic Rents under the MDC-based Procedure," MPRA Paper, University Library of Munich, Germany, number 105765, Feb.
• Rafael Emilio Congregado & Vicente Esteve, 2021, "Long-run neutrality of money and inflation in Spanish economy, 1830-1998," Working Papers, Department of Applied Economics II, Universidad de Valencia, number 2104, Mar.
• Olav Syrstad & Ganesh Viswanath-Natraj, 2020, "Price-setting in the foreign exchange swap market: Evidence from order flow," Working Paper, Norges Bank, number 2020/16.
• González Laxe, Fernando & Armesto Pina, José Francisco & Sanchez-Fernandez, Patricio, 2021, "Actividad económica en Galicia 2020. Una contracción histórica condicionada por la evolución del COVID
  [Economic activity in Galicia 2020. Historical contraction conditioned by the COVID evolution]," MPRA Paper, University Library of Munich, Germany, number 106832, Mar, revised 27 Mar 2021.
• Sailesh Bhaghoe & Gavin Ooft, 2021, "Nowcasting Quarterly GDP Growth in Suriname with Factor-MIDAS and Mixed-Frequency VAR Models," Studies in Applied Economics, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, number 176, Mar.
• Akcay, Ümit & Hein, Eckhard & Jungmann, Benjamin, 2021, "Financialisation and macroeconomic regimes in emerging capitalist economies before and after the Great Recession," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 158/2021.
• Neifar, Malika, 2021, "Multivariate Causality between Stock price index and Macro variables: ‎evidence from Canadian stock market," MPRA Paper, University Library of Munich, Germany, number 105715, Jan.
• Nadar, Anand, 2021, "An econometric analysis of the effectiveness of fiscal and monetary policies in India," OSF Preprints, Center for Open Science, number 7cevw, Mar, DOI: 10.31219/osf.io/7cevw.
• Jonathan Swarbrick, 2021, "Occasionally Binding Constraints in Large Models: A Review of Solution Methods," Discussion Papers, Bank of Canada, number 2021-5, Mar, DOI: 10.34989/sdp-2021-5.
• Callum Jones & Mr. Pau Rabanal, 2021, "Credit Cycles, Fiscal Policy, and Global Imbalances," IMF Working Papers, International Monetary Fund, number 2021/043, Feb.
• Mr. Hamid R Davoodi & Mr. Peter J Montiel & Anna Ter-Martirosyan, 2021, "Macroeconomic Stability and Inclusive Growth," IMF Working Papers, International Monetary Fund, number 2021/081, Mar.
• Sumru Altug & Fabrice Collard & Cem Çakmakli & Sujoy Mukerji & Han Özsöylev, 2020, "Ambiguous business cycles: a quantitative assessment," Post-Print, HAL, number hal-03039262, DOI: 10.1016/j.red.2020.04.005.
• Bloesch, Justin & Weber, Jacob P., 2021, "Structural Changes in Investment and the Waning Power of Monetary Policy," SocArXiv, Center for Open Science, number 7zhqp, Mar, DOI: 10.31219/osf.io/7zhqp.
• Sophocles Mavroeidis, 2021, "Identification at the Zero Lower Bound," Papers, arXiv.org, number 2103.12779, Mar, revised May 2021.
• Sergio Destefanis & Mario Di Serio & Matteo Fragetta, 2020, "Regional multipliers across the Italian regions," Discussion Paper series in Regional Science & Economic Geography, Gran Sasso Science Institute, Social Sciences, number 2020-04, Jul, revised Jul 2020.
• Fraser Summerfield & Livio Di Matteo, 2021, "Influenza Pandemics and Macroeconomic Fluctuations in Recent Economic History," Working Papers, Canadian Centre for Health Economics, number 210002, Mar.
• Idalid Alamilla-Gachuz & Mar�a del Carmen Cervantes-Siurob & Krisztina E. Lengyel-Almos, 2020, "Impacto de IED en la productividad y salarios en México," Ensayos de Economía, Universidad Nacional de Colombia Sede Medellín, number 19135, Jul.
• Elif C. Arbatli-Saxegaard & Ragnar E. Juelsrud, 2020, "Countercyclical capital requirement reductions, state dependence and macroeconomic outcomes," Working Paper, Norges Bank, number 2020/9, Aug.
• Maryam Mirfatah & Vasco J. Gabriel & Paul Levine, 2021, "Imperfect Exchange Rate Pass-through: Empirical Evidence and Monetary Policy Implications," School of Economics Discussion Papers, School of Economics, University of Surrey, number 0321, Mar.
• Juan Barredo-Zuriarrain, 2019, "Money supply is endogenous and the Venezuelan hyperinflation is a monetary phenomenon," Post-Print, HAL, number halshs-03131095, Oct.
• J. Daniel Aromí & Martín Llada, 2020, "Forecasting inflation with twitter," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4308, Nov.
• Sebastian Link & Andreas Peichl & Christopher Roth & Johannes Wohlfart, 2021, "Information Frictions among Firms and Households," CESifo Working Paper Series, CESifo, number 8969.
• Carlo Altavilla & Luc Laeven & José-Luis Peydró, 2021, "Monetary and macroprudential policy complementarities: Evidence from European credit registers," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1773, Mar.
• Mr. Ken Miyajima, 2021, "Monetary Policy, Inflation, and Distributional Impact: South Africa’s Case," IMF Working Papers, International Monetary Fund, number 2021/078, Mar.
• Khalid ElFayoumi & Martina Hengge, 2021, "Capital Markets, COVID-19 and Policy Measures," IMF Working Papers, International Monetary Fund, number 2021/033, Feb.
• Thomas J. Sargent & Neng Wang & Jinqiang Yang, 2021, "Stochastic Earnings Growth and Equilibrium Wealth Distributions," NBER Working Papers, National Bureau of Economic Research, Inc, number 28473, Mar.
• PINSHI, Christian P., 2021, "Vue d’ensemble de la COVID-19 : De la définition aux effets spillovers macroéconomiques
  [Overview of COVID-19: From definition to macroeconomic spillover effects]," MPRA Paper, University Library of Munich, Germany, number 106066, Feb, revised 12 Feb 2021.
• Jorge Eduardo Camusso & Ana Inés Navarro, 2020, "COVID-19, recession and fall in real wages in Argentina. Who will be most affected?," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4323, Nov.
• Joof, Foday & Touray, Sheriff, 2021, "The Impact of Remittance Flow on Real Effective Exchange Rate: Empirical Evidence from The Gambia," MPRA Paper, University Library of Munich, Germany, number 106045, Feb.
• Garabedian, Garo & Inghelbrecht, Koen, 2020, "The Multiple Dimensions of Liquidity," Research Technical Papers, Central Bank of Ireland, number 11/RT/20, Dec.
• Philip Du Caju & Guillaume Périlleux & François Rycx & Ilan Tojerow, 2021, "A Bigger House at the Cost of an Empty Fridge? The Effect of Households' Indebtedness on Their Consumption: Micro-Evidence Using Belgian HFCS Data," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2021008, Mar.
• Item repec:rim:rimwps:21-06 is not listed on IDEAS anymore

• Oecd, 2021, "The spatial dimension of productivity in Italian co-operatives," OECD Local Economic and Employment Development (LEED) Papers, OECD Publishing, number 2021/02, Mar, DOI: 10.1787/4f9b9d77-en.
• Capraru, Bogdan & Georgescu, George & Sprincean, Nicu, 2020, "An evaluation of IFIs impact on EU countries budget deficits," Working Papers of Romania Fiscal Council, Romania Fiscal Council, number 201101, Nov.
• Nicoletta Batini, 2021, "Facing the Global Financial Cycle: What Role for Policy," IMF Working Papers, International Monetary Fund, number 2021/034, Feb.
• International Monetary Fund, 2021, "Sweden: 2021 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports, International Monetary Fund, number 2021/061, Mar.
• Ali-Yrkkö, Jyrki & Ylhäinen, Ilkka & Pajarinen, Mika & Kuusi, Tero, 2021, "The Role of the Largest Companies in the Finnish Economy," ETLA Reports, The Research Institute of the Finnish Economy, number 109, Mar.
• Chivu, Luminita & Georgescu, George, 2021, "Employment and Labour Market Vulnerabilities during COVID-19. The Case of Romania," Working Papers of National Institute for Economic Research, Institutul National de Cercetari Economice (INCE), number 210325, Mar.
• Mr. Romain A Duval & Davide Furceri & João Tovar Jalles, 2021, "Labor and Product Market Reforms and External Imbalances: Evidence from Advanced Economies," IMF Working Papers, International Monetary Fund, number 2021/054, Feb.
• Pedro Bento & Sunju Hwang, 2021, "Barriers to Black Entrepreneurship: Implications for Welfare and Aggregate Output over Time," Working Papers, Texas A&M University, Department of Economics, number 20210324-001, Mar.
• Trofimov, Ivan D., 2020, "Public capital and productive economy profits: evidence from OECD economies," MPRA Paper, University Library of Munich, Germany, number 106848, Mar.
• Kitov, Ivan, 2021, "Real GDP per capita: global redistribution of economic power," MPRA Paper, University Library of Munich, Germany, number 105875, Feb, revised 07 Feb 2021.
• Parle, Conor & Zekaite, Zivile, 2020, "Inflation Expectations of Euro Area Consumers and Firms," Economic Letters, Central Bank of Ireland, number 14/EL/20, Dec.
• Luciano Campos & Agustín Casas, 2020, "Rara Avis: Latin American populism in the 21st century," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4322, Nov.
• David Chilosi & Carlo Ciccarelli, 2021, "Southern and Northern Italy in the Great Divergence: New Perspectives from the Occupational Structure," Quaderni di storia economica (Economic History Working Papers), Bank of Italy, Economic Research and International Relations Area, number 47, Mar.
• Daly, Pierce & Moloney, Kitty & Myers, Samantha, 2021, "Property funds and the Irish commercial real estate market," Financial Stability Notes, Central Bank of Ireland, number 1/FS/21, Feb.
• Francesco Bianchi & Cosmin L. Ilut & Hikaru Saijo, 2021, "Diagnostic Business Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 28604, Mar.
• Maria Cotofan & Robert Dur & Stephan Meier, 2021, "Does growing up in a recession increase compassion? The case of attitudes towards immigration," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp1757, Apr.
• Mr. Ian Lienert, 2021, "Macro-Fiscal Management Practices in Eastern and Southern Africa," IMF Working Papers, International Monetary Fund, number 2021/030, Feb.
• International Monetary Fund, 2021, "Sierra Leone: Request for Disbursement under the Rapid Credit Facility," IMF Staff Country Reports, International Monetary Fund, number 2021/058, Mar.
• Daisuke Ida & Hirokuni Iiboshi, 2021, "The international forward guidance transmission under a global liquidity trap," Papers, arXiv.org, number 2103.12503, Mar, revised Aug 2024.
• Daniel Buncic, 2021, "On a Standard Method for Measuring the Natural Rate of Interest," Papers, arXiv.org, number 2103.16452, Mar, revised Apr 2022.
• International Monetary Fund, 2021, "Republic of Korea: 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea," IMF Staff Country Reports, International Monetary Fund, number 2021/064, Mar.
• Mr. Plamen K Iossifov, 2021, "Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis," IMF Working Papers, International Monetary Fund, number 2021/028, Feb.

Report NEP-MAC-2021-04-05

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: