Report NEP-MAC-2021-04-26

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:

• Farayibi, Adesoji & Asongu, Simplice, 2020, "The Economic Consequences of the Covid-19 Pandemic in Nigeria," MPRA Paper, University Library of Munich, Germany, number 107098, Jan.
• Vasily Astrov & Alexandra Bykova & Rumen Dobrinsky & Selena Duraković & Richard Grieveson & Doris Hanzl-Weiss & Gabor Hunya & Branimir Jovanović & Niko Korpar & Sebastian Leitner & Isilda Mara & Olga , 2021, "Darkest before the dawn?," wiiw Forecast Reports, The Vienna Institute for International Economic Studies, wiiw, number Spring2021, Apr.
• Rafael Mariam Camarero & Gilles Dufrénot & Cecilio Tamarit, 2021, "How do inequalities affect the natural interest rate, and how do they impact monetary policy? Comparing Germany, Japan and the US," Working Papers, Department of Applied Economics II, Universidad de Valencia, number 2105, Apr.
• Philippe Andrade & Erwan Gautier & Eric Mengus, 2021, "What Matters in Households' Inflation Expectations?," CESifo Working Paper Series, CESifo, number 9005.
• Directorate General Economics, Statistics and Research, 2020, "The Spanish economy in 2019," Occasional Papers, Banco de España, number 2011, May.
• Cecilia R. Caglio & R. Matthew Darst & Ṣebnem Kalemli-Özcan, 2021, "Collateral Heterogeneity and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms," NBER Working Papers, National Bureau of Economic Research, Inc, number 28685, Apr.
• Item repec:bof:bofrdp:2021_006 is not listed on IDEAS anymore

• Brinca, Pedro & João, Costa-Filho, 2021, "Output falls and the international transmission of crises," MPRA Paper, University Library of Munich, Germany, number 107297, Apr.
• Fiaschi, Davide & Tealdi, Cristina, 2021, "A General Methodology to Measure Labour Market Dynamics," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14254, Apr.
• Omoshoro-Jones, Oyeyinka Sunday, 2021, "Asymmetry in Okun’s Law Revisited: New evidence on cyclical unemployment–cyclical output trade-off in the Free State Province using NARDL model," MPRA Paper, University Library of Munich, Germany, number 107126, Apr.
• Bijie Jia & Hyeongwoo Kim & Shuwei Zhang, 2021, "Assessing the Role of Sentiment in the Propagation of Fiscal Stimulus," Auburn Economics Working Paper Series, Department of Economics, Auburn University, number auwp2021-01, Apr.
• Troy Davig & Andrew Foerster, 2021, "Communicating Monetary Policy Rules," Working Paper Series, Federal Reserve Bank of San Francisco, number 2021-12, Sep, DOI: 10.24148/wp2021-12.
• Andrea Borsato, 2021, "Does the Secular Stagnation hypothesis match with data? Evidence from USA," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2021-11.
• Hoshino, Satoshi & Ida, Daisuke, 2021, "Stock prices and monetary policy in Japan: An analysis of a Bayesian DSGE model," MPRA Paper, University Library of Munich, Germany, number 107301, Apr.
• Plassard, Romain, 2021, "Barro, Grossman, and the domination of equilibrium macroeconomics," MPRA Paper, University Library of Munich, Germany, number 107201, Apr.
• Scott R. Baker & Nicholas Bloom & Steven J. Davis & Marco C. Sammon, 2021, "What Triggers Stock Market Jumps?," NBER Working Papers, National Bureau of Economic Research, Inc, number 28687, Apr.
• Boris Chafwehé & François Courtoy, 2021, "Optimal Taxes and Transfers with Household Heterogeneity," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2021009, Apr.
• Susanto Basu & Giacomo Candian & Ryan Chahrour & Rosen Valchev, 2021, "Risky Business Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 28693, Apr.
• Angela Abbate & Dominik Thaler, 2021, "Optimal monetary policy with the risk-taking channel," Working Papers, Swiss National Bank, number 2021-09.
• Brinca, Pedro & Costa-Filho, João, 2021, "Economic depression in Brazil: the 2014-2016 fall," MPRA Paper, University Library of Munich, Germany, number 107298, Apr.
• Тулеуов Олжас // Tuleuov Olzhas & Ержан Ислам // Yerzhan Islam & Сейдахметов Ансар // Seidakhmetov Ansar, 2021, "Система Galymzhan: online-оценка потребительской инфляции в Казахстане // Galymzhan System: Online Assessment of Consumer Inflation in Kazakhstan," Working Papers, National Bank of Kazakhstan, number #2021-2.
• Oguzhan Cepni & Rangan Gupta & Qiang Ji, 2021, "Sentiment Regimes and Reaction of Stock Markets to Conventional and Unconventional Monetary Policies: Evidence from OECD Countries," Working Papers, University of Pretoria, Department of Economics, number 202126, Apr.
• Jaime Marquez & S Yanki Kalfa, 2021, "The Forecasts of Individual FOMC Members: New Evidence after Ten Years," Working Papers, The George Washington University, The Center for Economic Research, number 2021-003, Apr.
• Tanaka, Yasuhito, 2021, "Budget Deficit to Achieve and Maintain Full-employment Under Growth by Technological Progress," MPRA Paper, University Library of Munich, Germany, number 107220, Apr.
• Gregor Boehl & Cars Hommes, 2021, "Rational vs. Irrational Beliefs in a Complex World," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2021_287, Apr.
• Andre, Peter & Pizzinelli, Carlo & Roth, Christopher & Wohlfart, Johannes, 2021, "Subjective Models of the Macroeconomy : Evidence from Experts and a Representative Sample," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics, number 1342.
• Lorenzo Pozzi & Barbara Sadaba, 2021, "Macroeconomic disasters and consumption smoothing," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 21-030/VI, Apr.
• Dzung Bui & Lena Dräger & Bernd Hayo & Giang Nghiem, 2021, "Consumer Sentiment during the Covid-19 Pandemic: The Role of Others' Beliefs," CESifo Working Paper Series, CESifo, number 9010.
• Yuriy Gorodnichenko & Tho Pham & Oleksandr Talavera, 2021, "Central Bank Communication on Social Media: What, To Whom, and How?," Discussion Papers, Department of Economics, University of Birmingham, number 21-05, Apr.
• Andrea Papetti, 2021, "Population aging, relative prices and capital flows across the globe," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1333, Apr.
• Bruno Pellegrino & Enrico Spolaore & Romain Wacziarg, 2021, "Barriers to Global Capital Allocation," NBER Working Papers, National Bureau of Economic Research, Inc, number 28694, Apr.
• Asongu, Simplice & Diop, Samba & Nnanna, Joseph, 2020, "The Geography of the Effectiveness and Consequences of Covid-19 Measures: Global Evidence," MPRA Paper, University Library of Munich, Germany, number 107110, Jul.
• Gasteiger, Emanuel, 2021, "Optimal Constrained Interest-Rate Rules under Heterogeneous Expectations," ECON WPS - Working Papers in Economic Theory and Policy, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit, number 04/2021.
• Christian Kubitza, 2021, "Tackling the Volatility Paradox: Spillover Persistence and Systemic Risk," ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany, number 079, Apr.
• Luis Felipe Céspedes & Roberto Chang & Andrés Velasco, 2020, "The Macroeconomics of a Pandemic: A Minimalist Framework," Working Papers, University of Chile, Department of Economics, number wp504, Sep.
• Gomez-Gonzalez, Jose Eduardo & Uribe, Jorge M. & Hirs-Garzon, Jorge, 2021, "Interdependent Capital Structure Choices and the Macroeconomy," Working papers, Red Investigadores de Economía, number 77, Apr.
• Lucas Marc Fuhrer & Nils Herger, 2021, "Real interest rates and demographic developments across generations: A panel-data analysis over two centuries," Working Papers, Swiss National Bank, number 2021-07.
• Victoria Gregory & Guido Menzio & David G. Wiczer, 2021, "The Alpha Beta Gamma of the Labor Market," NBER Working Papers, National Bureau of Economic Research, Inc, number 28663, Apr.
• Louisa Grimm & Sven Steinkamp & Frank Westermann, 2021, "On Optimal Currency Areas and Common Cycles: Are the Acceding Countries Ready to Join the Euro?," CESifo Working Paper Series, CESifo, number 9016.
• Guerrazzi, Marco & Giribone, Pier Giuseppe, 2021, "The Dynamics of Working Hours and Wages Under Implicit Contracts," GLO Discussion Paper Series, Global Labor Organization (GLO), number 818.
• Iheonu, Chimere & Asongu, Simplice & Odo, Kingsley & Ojiem, Patrick, 2020, "Financial Sector Development and Investment in Selected ECOWAS Countries: Empirical Evidence using Heterogeneous Panel Data Method," MPRA Paper, University Library of Munich, Germany, number 107102, Jan.
• Masahige Hamano & Francesco Pappadà, 2021, "Exchange rate policy and firm dynamics," Working Papers, Waseda University, Faculty of Political Science and Economics, number 2018, Feb.
• Tanaka, Yasuhito, 2021, "Mmt（現代貨幣理論）の理論的根拠について -Mmtの数理モデルを目指して-
  [On the theoretical basis for MMT (Modern Monetary Theory) -Toward a mathematical model of MMT-]," MPRA Paper, University Library of Munich, Germany, number 107223, Apr.
• Tanaka, Yasuhito, 2021, "Budget deficit for full-employment under growth and inflation by excessive deficit in an OLG model with bequest motive," MPRA Paper, University Library of Munich, Germany, number 107218, Apr.
• Ramiro Emmanuel Jorge, 2020, "Herramientas de Google para la predicción de variables económicas. Una aplicación al Índice Compuesto Coincidente de Actividad Económica de la Provincia de Santa Fe (ICASFe)," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4360, Nov.
• Delaporte, Isaure & Escobar, Julia & Peña, Werner, 2021, "The Distributional Consequences of Social Distancing on Poverty and Labour Income Inequality in Latin America and the Caribbean," GLO Discussion Paper Series, Global Labor Organization (GLO), number 682 [pre.].
• Haoran He & David Neumark & Qian Weng, 2021, "“I Still Haven’t Found What I’m Looking For”: Evidence of Directed Search from a Field Experiment," NBER Working Papers, National Bureau of Economic Research, Inc, number 28660, Apr.
• Andrea Gerali & Elisa Guglielminetti & Danilo Liberati, 2021, "(In)efficient Separations, Firing Costs and Temporary Contracts," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1330, Apr.
• Julian Puig & Diego Pitetti, 2020, "Tipo de cambio real y finanzas públicas subnacionales: efectos de las depreciaciones reales en Argentina," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4394, Nov.
• Asongu, Simplice & Rahman, Mushfiqur & Nnanna, Joseph & Haffar, Mohamed, 2020, "Enhancing Information Technology for Value Added Across Economic Sectors in Sub-Saharan Africa," MPRA Paper, University Library of Munich, Germany, number 107238, Jan.
• Paranhos, Livia, 2021, "Predicting Inflation with Neural Networks," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics, number 1344.
• Giovanni Angelini & Marco M. Sorge, 2021, "Under the same (Chole)sky: DNK models, timing restrictions and recursive identification of monetary policy shocks," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp1160, Apr.
• Diop, Samba & Asongu, Simplice & Nnanna, Joseph, 2020, "Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence," MPRA Paper, University Library of Munich, Germany, number 107243, Oct.
• Miranda Xafa, 2021, "Robert Mundell, 1932-2021: Ahead of his Time," Studies in Applied Economics, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, number 178, Apr.
• Elias Albagli & Mario Canales & Chad Syverson & Matias Tapia & Juan Wlasiuk, 2021, "Productivity Growth and Workers’ Job Transitions: Evidence from Censal Microdata," NBER Working Papers, National Bureau of Economic Research, Inc, number 28657, Apr.
• Eric Rosengren, 2021, "Taking Stock of the Economic Recovery and the Opportunities to Bolster Financial Stability," Speech, Federal Reserve Bank of Boston, number 90902, Apr.
• Makoto Nirei & José A. Scheinkman, 2021, "Repricing Avalanches," NBER Working Papers, National Bureau of Economic Research, Inc, number 28654, Apr.
• Alejandro Rodríguez, 2020, "A SIR Macro Model: Comparing the Decentralized Economy and the Optimal Policy," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4399, Nov.
• James Fudurich & Lena Suchanek & Lise Pichette, 2021, "Adoption of digital technologies: Insights from a global survey initiative," Discussion Papers, Bank of Canada, number 2021-7, Apr, DOI: 10.34989/sdp-2021-7.
• Auerbach, Alan & Gorodnichenko, Yuriy & Murphy, Daniel, 2020, "Local Fiscal Multipliers and Fiscal Spillovers in the USA," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley, number qt88f0t0rf, Mar.
• Eric Rosengren, 2021, "Perspectives on the Eventual Economic Recovery," Speech, Federal Reserve Bank of Boston, number 90901, Feb.
• Asongu, Simplice & Folarin, Oludele & Biekpe, Nicholas, 2020, "The Long Run Stability of Money in the Proposed East African Monetary Union," MPRA Paper, University Library of Munich, Germany, number 107089, Jan.
• Gergo Motyovszki, 2021, "Monetary-Fiscal Interactions and Redistribution in Small Open Economies," Economics Working Papers, European University Institute, number EUI ECO 2020/03.
• Galassi, Gabriela, 2021, "Labor Demand Response to Labor Supply Incentives: Lessons from the German Mini-Job Reform," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14248, Apr.
• Alyssa G. Anderson & Wenxin Du & Bernd Schlusche, 2021, "Arbitrage Capital of Global Banks," NBER Working Papers, National Bureau of Economic Research, Inc, number 28658, Apr.
• Massimiliano Renzetti & Serena Bernardini & Giuseppe Marino & Luca Mibelli & Laura Ricciardi & Giovanni Maria Sabelli, 2021, "TIPS - TARGET Instant Payment Settlement The Pan-European Infrastructure for the Settlement of Instant Payments," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems), Bank of Italy, Directorate General for Markets and Payment System, number 1, Jan.
• Константин Орлов // Konstantin Orlov, 2021, "Построение большой байесовской авторегрессионной модели для Казахстана // Building a Large Bayesian Vector Autoregression Model for Kazakhstan," Working Papers, National Bank of Kazakhstan, number #2021-1.
• Ghatak, Shambhu & Sengupta, Nabarun, 2021, "Discretionary fiscal spending needs to be raised further by allocating more towards MGNREGA," OSF Preprints, Center for Open Science, number 6r7ns, Feb, DOI: 10.31219/osf.io/6r7ns.
• Sergio Clavijo, 2021, "Transmisi√≥n Crediticia, Liquidez y Capital Bancario en Colombia," Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE, number 19156, Apr.
• Ángel Gómez-Carreño García-Moreno, 2021, "Juan Sebastián Elcano: 500 años de la Primera vuelta al mundo en los billetes del Banco de España. Historia y tecnología del billete," Occasional Papers, Banco de España, number 2030, Apr.
• Matthew Famiglietti & Fernando Leibovici, 2021, "The Impact of Health and Economic Policies on the Spread of COVID-19 and Economic Activity," Working Papers, Federal Reserve Bank of St. Louis, number 2021-005, Apr, revised Jan 2022, DOI: 10.20955/wp.2021.005.
• La Torre, Davide & Marsiglio, Simone & Mendivil, Franklin & Privileggi, Fabio, 2021, "Generalized Fractal Transforms with Condensation: a Macroeconomic-Epidemiological Application," Department of Economics and Statistics Cognetti de Martiis. Working Papers, University of Turin, number 202107, Apr.
• Iwasaki, Ichiro & 岩﨑, 一郎 & Kočenda, Evžen & Shida, Yoshisada, 2021, "Distressed Acquisitions Evidence from European Emerging Markets," RRC Working Paper Series, Russian Research Center, Institute of Economic Research, Hitotsubashi University, number 90, Apr.
• León, Carlos, 2021, "The dawn of a mobile payment scheme: The case of Movii," Working papers, Red Investigadores de Economía, number 78, Apr.
• Teresa Ghilarducci & Siavash Radpour & Michael Papadopoulos, 2021, "Trends in Employer-Sponsored Retirement Plan Access and Participation Rates: Reconciling Different Data Sources," SCEPA publication series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School, number 2021-02, Jan.
• Luis Felipe Céspedes & Roberto Chang, 2020, "Optimal Foreign Reserves and Central Bank Policy Under Financial Stress," Working Papers, University of Chile, Department of Economics, number wp503, Sep.
• George J. Borjas & Anthony Edo, 2021, "Gender, Selection into Employment, and the Wage Impact of Immigration," Working Papers, CEPII research center, number 2021-05, Apr.
• Borjas, George J. & Edo, Anthony, 2021, "Gender, Selection into Employment, and the Wage Impact of Immigration," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14261, Apr.
• George J. Borjas & Anthony Edo, 2021, "Gender, Selection into Employment, and the Wage Impact of Immigration," NBER Working Papers, National Bureau of Economic Research, Inc, number 28682, Apr.
• Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2021, "Information Frictions among Firms and Households," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics, number 1341.
• Claude Diebolt, 2021, "Trend, Cycles and Chance," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2021-14.
• Claudia Pacella, 2021, "Dating the euro area business cycle: an evaluation," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1332, Apr.
• Georgii Riabov & Aleh Tsyvinski, 2021, "Policy with stochastic hysteresis," Papers, arXiv.org, number 2104.10225, Apr.
• Charles Ka Yui Leung & Edward Chi Ho Tang, 2021, "The Dynamics of the House Price-to-Income Ratio: Theory and Evidence," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2021_005, Mar.
• Coibion, Olivier & Gorodnichenko, Yuriy & Ropele, Tiziano, 2019, "Inflation Expectations and Firms’ Decisions: New Causal Evidence," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley, number qt71v7h37f, Apr.
• Qingen Gai & Naijia Guo & Bingjing Li & Qinghua Shi & Xiaodong Zhu, 2021, "Migration Costs, Sorting, and the Agricultural Productivity Gap," Working Papers, University of Toronto, Department of Economics, number tecipa-693, Apr.
• François Facchini, 2020, "Pourquoi l'inflation reste faible alors que la masse monétaire augmente ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL, number hal-03195332.
• Coibion, O & Gorodnichenko, Y & Weber, M, 2022, "Does Policy Communication during COVID Work?," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley, number qt0zp1944k, Mar.
• Elliott Ash & Sergio Galletta & Tommaso Giommoni, 2021, "A Machine Learning Approach to Analyze and Support Anti-Corruption Policy," CESifo Working Paper Series, CESifo, number 9015.
• Kuikeu, Oscar, 2021, "Y a-t-il optimalité des conditions monétaires actuelles ? Une perspective sous-régionale
  [Optimality of monetary conditions under Covid-19: a sub regional perspective]," MPRA Paper, University Library of Munich, Germany, number 107237, Apr.
• Coibion, Olivier & Gorodnichenko, Yuriy & Weber, Michael, 2020, "Does Policy Communication During COVID Work?," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley, number qt19b8p8g1, Jan.
• Jeremy Greenwood & Nezih Guner & Ricardo Marto, 2021, "The Great Transition: Kuznets Facts for Family-Economists," NBER Working Papers, National Bureau of Economic Research, Inc, number 28656, Apr.
• Coibion, Olivier & Georgarakos, Dimitris & Gorodnichenko, Yuriy & Weber, Michael, 2022, "Forward Guidance and Household Expectations," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley, number qt71g5h892, Jul.
• Sonja Tilly & Giacomo Livan, 2021, "Macroeconomic forecasting with statistically validated knowledge graphs," Papers, arXiv.org, number 2104.10457, Apr.
• Philipp Wegmüller & Christian Glocker & Valentino Guggia, 2021, "Weekly Economic Activity: Measurement and Informational Content," WIFO Working Papers, WIFO, number 627, Apr.

Report NEP-MAC-2021-04-26

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: