Report NEP-MAC-2021-10-04

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:

• Pongpitch Amatyakul & Tosapol Apaitan & Savaphol Hiruntiaranakul & Nuwat Nookhwun, 2021, "Revisiting Thailand's Monetary Policy Model for an Integrated Policy Analysis," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 164, Sep.
• Lenarčič, Črt, 2021, "Estimating business and financial cycles in Slovenia," MPRA Paper, University Library of Munich, Germany, number 109977, Oct.
• Nelimarkka, Jaakko & Laine, Olli-Matti, 2021, "The effects of the ECB's pandemic-related monetary policy measures," BoF Economics Review, Bank of Finland, number 4/2021.
• Oinonen, Sami & Vilmi, Lauri, 2021, "Analysing euro area inflation outlook with the Phillips curve," BoF Economics Review, Bank of Finland, number 5/2021.
• Christian Bustamante, 2021, "More Money for Some: The Redistributive Effects of Open Market Operations," Staff Working Papers, Bank of Canada, number 21-46, Sep, DOI: 10.34989/swp-2021-46.
• Nurdaulet Abilov & Alisher Tolepbergen & Aizhan Bolatbayeva & Zarina Adilkhanova & Erlan Konebayev & Zhandos Ybrayev, 2020, "An Economic Response to COVID-19," NAC Analytica Staff Notes, NAC Analytica, Nazarbayev University, number 1, Apr, revised Apr 2020.
• Kristin J. Forbes & Joseph E. Gagnon & Christopher G. Collins, 2021, "Low inflation bends the Phillips curve around the world: Extended results," Working Paper Series, Peterson Institute for International Economics, number WP21-15, Sep.
• Francesco D’Acunto & Daniel Hoang & Maritta Paloviita & Michael Weber, 2021, "Human Frictions in the Transmission of Economic Policies," NBER Working Papers, National Bureau of Economic Research, Inc, number 29279, Sep.
• Jeremy B. Rudd, 2021, "Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-062, Sep, DOI: 10.17016/FEDS.2021.062.
• Di Domenico, Lorenzo, 2021, "Stability and determinants of the public debt-to-GDP ratio: an Input Output – Stock Flow Consistent approach," MPRA Paper, University Library of Munich, Germany, number 109970, Sep.
• Martin Beraja & Christian K. Wolf, 2021, "Demand Composition and the Strength of Recoveries," NBER Working Papers, National Bureau of Economic Research, Inc, number 29304, Sep.
• Roth, Steve, 2021, "Why the Flow of Funds Don’t Explain the Flow of Funds: Sectoral Balances, Balance Sheets, and the Accumulation Fallacy," MPRA Paper, University Library of Munich, Germany, number 109976, May.
• Berger, Tino & Richter, Julia & Wong, Benjamin, 2021, "A unified approach for jointly estimating the business and financial cycle, and the role of financial factors," Working Papers, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, number 02/2021.
• Chakraborty, Lekha S, 2021, "Reserve Bank of India’s Pandemic Responses," MPRA Paper, University Library of Munich, Germany, number 109863.
• Paolo Canofari & Giovanni Di Bartolomeo & Marcello Messori, 2021, "Sovereign debt crisis, fiscal consolidation, and active central bankers in a monetary union," Working Papers in Public Economics, Department of Economics and Law, Sapienza University of Rome, number 198, Sep.
• David G. Blanchflower & Alex Bryson, 2021, "The Sahm Rule and Predicting the Great Recession Across OECD Countries," DoQSS Working Papers, Quantitative Social Science - UCL Social Research Institute, University College London, number 21-29, Sep.
• William A. Barnett & Giovanni Bella & Taniya Ghosh & Paolo Mattana & Beatrice Venturi, 2021, "Chaos in the UK New Keynesian Macroeconomy," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics, number 202119, Sep, revised Sep 2021.
• Eleonora Granziera & Pirkka Jalasjoki & Maritta Paloviita, 2021, "The Bias and Efficiency of the ECB Inflation Projections: a State Dependent Analysis," Working Paper, Norges Bank, number 2021/1, Apr.
• Olivier Armantier & Fatima Boumahdi & Leo Goldman & Gizem Koşar & Jessica Lu & Giorgio Topa & Wilbert Van der Klaauw, 2021, "Have Consumers’ Long-Run Inflation Expectations Become Un-Anchored?," Liberty Street Economics, Federal Reserve Bank of New York, number 20210924a, Sep.
• International Monetary Fund, 2021, "Republic of Croatia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Croatia," IMF Staff Country Reports, International Monetary Fund, number 2021/205, Sep.
• Murat Demirci & Meltem Poyraz, 2021, "Post-Compulsory Schooling of Youth in Turkey during the Great Recession: A Case of Pro-cyclical Enrollment," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 2117, Sep.
• International Monetary Fund, 2021, "Republic of Tajikistan: 2013 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports, International Monetary Fund, number 2021/195, Sep.
• International Monetary Fund, 2021, "Oman: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Oman," IMF Staff Country Reports, International Monetary Fund, number 2021/206, Sep.
• Camille Cornand & Paul Hubert, 2021, "Information frictions in inflation expectations among five types of economic agents," Working Papers, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon, number 2116.
• International Monetary Fund, 2021, "Austria: 2021 Article IV Consultation-Press Release; Staff Report; Staff Supplementary Information; and Statement by the Executive Director for Austria," IMF Staff Country Reports, International Monetary Fund, number 2021/203, Sep.
• John Kandrac, 2021, "Can the Federal Reserve Effectively Target Main Street? Evidence from the 1970s Recession," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-061, Sep, DOI: 10.17016/FEDS.2021.061.
• International Monetary Fund, 2021, "Democratic Republic of São Tomé and Príncipe: Third Review Under the Extended Credit Facility Arrangement and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Di," IMF Staff Country Reports, International Monetary Fund, number 2021/202, Sep.
• Grömling, Michael & Bardt, Hubertus & Demary, Markus & Hüther, Michael, 2021, "Gespaltene Industriekonjunktur in Deutschland: Stolpersteine auf dem Weg zur Normalisierung," IW-Reports, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 34/2021.
• International Monetary Fund, 2021, "Georgia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Georgia," IMF Staff Country Reports, International Monetary Fund, number 2021/215, Sep.
• Jon H. Findreng, 2021, "Peer Monitoring vs. Search Costs in the Interbank Market: Evidence from Payment Flow Data in Norway," Working Paper, Norges Bank, number 2021/2, May.
• Giovanni Angelini & Giovanni Caggiano & Efrem Castelnuovo & Luca Fanelli, 2021, "Are Fiscal Multipliers Estimated with Proxy-SVARs Robust?," Monash Economics Working Papers, Monash University, Department of Economics, number 2021-08, Sep.
• International Monetary Fund, 2021, "Brunei Darussalam: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brunei Darussalam," IMF Staff Country Reports, International Monetary Fund, number 2021/214, Sep.
• Pierre-Olivier Gourinchas & Ṣebnem Kalemli-Özcan & Veronika Penciakova & Nick Sander, 2021, "Fiscal Policy in the Age of COVID: Does it ‘Get in all of the Cracks?’," NBER Working Papers, National Bureau of Economic Research, Inc, number 29293, Sep.
• Marco Fruzzetti & Giulio Gariano & Gerardo Palazzo & Antonio Scalia, 2021, "From SMP to PEPP: a further look at the risk endogeneity of the Central Bank," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems), Bank of Italy, Directorate General for Markets and Payment System, number 11, Oct.
• Bruno Albuquerque, 2021, "Corporate debt booms, financial constraints, and the investment nexus," CeBER Working Papers, Centre for Business and Economics Research (CeBER), University of Coimbra, number 2021-08, Aug.
• Heon Lee, 2021, "Money Creation and Banking: Theory and Evidence," Papers, arXiv.org, number 2109.15096, Sep, revised Jun 2024.
• Item repec:iab:iabdpa:202110 is not listed on IDEAS anymore

• International Monetary Fund, 2021, "Belgium: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Belgium," IMF Staff Country Reports, International Monetary Fund, number 2021/209, Sep.
• George Alessandria & Carter Mix, 2021, "Trade Policy is Real News: Theory and Evidence," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1330, Sep, DOI: 10.17016/IFDP.2021.1330.
• Soojin Jo & Lilia Karnizova, 2021, "Energy Efficiency and Fluctuations in CO2 Emissions," Working Papers, University of Ottawa, Department of Economics, number 2107E.
• Martin M. Andreasen & Giovanni Caggiano & Efrem Castelnuovo & Giovanni Pellegrino, 2021, "Why Does Risk Matter More in Recessions than in Expansions?," Economics Working Papers, Department of Economics and Business Economics, Aarhus University, number 2021-12, Sep.
• Robert L. Czudaj, 2021, "Heterogeneity of Beliefs and Information Rigidity in the Crude Oil Market: Evidence from Survey Data," Chemnitz Economic Papers, Department of Economics, Chemnitz University of Technology, number 050, Sep, revised Sep 2021.
• Antoine Martin & Susan McLaughlin, 2021, "COVID Response: The Primary Dealer Credit Facility," Staff Reports, Federal Reserve Bank of New York, number 981, Sep.
• Miroslav Gabrovski & Victor Ortego-Marti, 2021, "On the Slope of the Beveridge Curve in the Housing Market," Working Papers, University of Hawaii at Manoa, Department of Economics, number 202105, Sep.
• Shaun de Jager & Riaan Ehlers & Keabetswe Mojapelo & Pieter Pienaar, 2021, "Shortterm impacts and interaction of macroprudential policy tools," Working Papers, South African Reserve Bank, number 11020, Sep.
• Victoria E. Agwam & Pablo D. Azar & Kyra Frye, 2021, "The Spillover Effects of COVID-19 on Productivity throughout the Supply Chain," Liberty Street Economics, Federal Reserve Bank of New York, number 20210927, Sep.
• Lefteris Tsoulfidis, 2021, "Capital Theory Debates: New Developments and Direction," Centro Sraffa Working Papers, Centro di Ricerche e Documentazione 'Piero Sraffa', number CSWP51, Sep.
• Luigi Bonatti Roberto Tamborini & Roberto Tamborini, 2021, "Is High Inflation the New Challenge for Central Banks?," DEM Working Papers, Department of Economics and Management, number 2021/14.
• Yildirim, Yusuf & Sanyal, Anirban, 2021, "Financial Stress and Effect on Real Economy: The Turkish Experience," MPRA Paper, University Library of Munich, Germany, number 109845, Sep.
• International Monetary Fund, 2021, "Republic of Tajikistan: 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports, International Monetary Fund, number 2021/200, Sep.
• John C. Williams, 2021, "Business More Like Usual," Speech, Federal Reserve Bank of New York, number 93088, Sep.
• International Monetary Fund, 2021, "Republic of Tajikistan: 2015 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports, International Monetary Fund, number 2021/196, Sep.
• Laurence Francis Lacey, 2021, "On the nature of monetary and price inflation and hyperinflation," Papers, arXiv.org, number 2109.12980, Aug.
• Cheolbeom Park & Seungyoo Shin, 2021, "Monetary Policy and Exchange Rate Response: Evidence from Shock-based SVAR with Uncertainty Measures," Discussion Paper Series, Institute of Economic Research, Korea University, number 2102.
• Hristov, Nikolay & Hülsewig, Oliver & Kolb, Benedikt, 2021, "Macroprudential policy and the sovereign-bank nexus in the euro area," Discussion Papers, Deutsche Bundesbank, number 32/2021.
• International Monetary Fund, 2021, "United Republic of Tanzania: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Dir," IMF Staff Country Reports, International Monetary Fund, number 2021/213, Sep.
• International Monetary Fund, 2021, "Republic of Tajikistan: 2017 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports, International Monetary Fund, number 2021/198, Sep.
• Suarez, Javier, 2021, "Growth-at-risk and macroprudential policy design JEL Classification: G01, G20, G28," ESRB Occasional Paper Series, European Systemic Risk Board, number 19, Sep.
• International Monetary Fund, 2021, "Malta: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malta," IMF Staff Country Reports, International Monetary Fund, number 2021/211, Sep.
• David M. Arseneau & José Fillat & Molly Mahar & Donald P. Morgan & Skander J. Van den Heuvel, 2021, "COVID Response: The Main Street Lending Program," Staff Reports, Federal Reserve Bank of New York, number 984, Sep.
• Gonzalo Castex & Stanley Cho & Evgenia Dechter, 2021, "The Decline in Capital-Skill Complementarity," Discussion Papers, School of Economics, The University of New South Wales, number 2021-06, Jul.
• Guido Ascari & Andrea Colciago & Riccardo Silvestrini, 2021, "Business Dynamism, Sectoral Reallocation and Productivity in a Pandemic," Working Papers, University of Milano-Bicocca, Department of Economics, number 482, Sep, revised Sep 2021.
• Juliane Beganau & Saki Bigio & Jeremy Majerovitz & Matias Vieyra, 2021, "A Q-Theory of Banks," Staff Working Papers, Bank of Canada, number 21-44, Sep, DOI: 10.34989/swp-2021-44.
• International Monetary Fund, 2021, "Vanuatu: 2021 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Vanuatu," IMF Staff Country Reports, International Monetary Fund, number 2021/208, Sep.
• So Kubota, 2021, "Money and cooperation in small communities," Working Papers, Waseda University, Faculty of Political Science and Economics, number 2118, Sep.
• Mariya Aleksynska & Alexandre Kolev, 2021, "Education-occupation mismatch in the context of informality and development," OECD Development Centre Working Papers, OECD Publishing, number 346, Oct, DOI: 10.1787/3291e65c-en.
• Nina Boyarchenko & Richard K. Crump & Anna Kovner & Deborah Leonard, 2021, "COVID Response: The Commercial Paper Funding Facility," Staff Reports, Federal Reserve Bank of New York, number 982, Sep.
• Kea BARET, 2021, "Fiscal rules’ compliance and Social Welfare," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2021-38.
• Prydz, Espen Beer & Jolliffe, Dean & Serajuddin, Umar, 2021, "Mind the Gap," GLO Discussion Paper Series, Global Labor Organization (GLO), number 944.
• António Afonso & José Carlos Coelho, 2021, "60%, -4% and 6%, a tale of thresholds for EU fiscal and current account developments," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2021/0196, Sep.
• International Monetary Fund, 2021, "Honduras: Fourth Reviews Under the Stand-by Arrangement and the Arrangement Under the Standby Credit Facility, Requests for Augmentation of Access, Extension and Rephasing of the Arrangements, and Wai," IMF Staff Country Reports, International Monetary Fund, number 2021/207, Sep.
• International Monetary Fund, 2021, "Georgia: Financial System Stability Assessment," IMF Staff Country Reports, International Monetary Fund, number 2021/216, Sep.
• Ablam Estel Apeti & Jean-Louis Combes & Xavier Debrun & Alexandru Minea, 2021, "Did Fiscal Space Foster Covid-19's Fiscal Stimuli ?," Post-Print, HAL, number hal-03351634, Mar.
• Ordemann, Jessica & Pfeiffer, Friedhelm, 2021, "The evolution of educational wage differentials for women and men, from 1996 to 2019," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 21-066.
• David M. Arseneau & José Fillat & Molly Mahar & Donald P. Morgan & Skander J. Van den Heuvel, 2021, "The Main Street Lending Program," Current Policy Perspectives, Federal Reserve Bank of Boston, number 93068, Sep.
• Soojin Jo & Lilia Karnizova, 2021, "Online Appendix to "Energy Efficiency and Fluctuations to CO2 Emissions"," Working Papers, University of Ottawa, Department of Economics, number 2108E.
• Allen N. Berger & Onesime Epouhe & Raluca Roman, 2021, "A Tale of Two Bailouts: Effects of TARP and PPP on Subprime Consumer Debt," Working Papers, Federal Reserve Bank of Philadelphia, number 21-32, Sep, DOI: 10.21799/frbp.wp.2021.32.
• Elizabeth Caviness & Ankur Goyal & Woojung Park & Asani Sarkar, 2020, "COVID Response: The Term Asset-Backed Securities Loan Facility," Staff Reports, Federal Reserve Bank of New York, number 979, Sep.
• David G. Blanchflower & Alex Bryson, 2021, "The Sahm Rule and Predicting the Great Recession Across OECD Countries," NBER Working Papers, National Bureau of Economic Research, Inc, number 29300, Sep.
• Jerome H. Powell, 2021, "Monetary Policy in the Time of COVID," Speech, Board of Governors of the Federal Reserve System (U.S.), number 93064, Aug.
• Karolis Liaudinskas & Kristina GrigaitÄ—, 2021, "Estimating firms’ bank-switching costs," Working Paper, Norges Bank, number 2021/4.
• Mark Choi & Linda S. Goldberg & Robert Lerman & Fabiola Ravazzolo, 2021, "COVID Response: The Fed’s Central Bank Swap Lines and FIMA Repo Facility," Staff Reports, Federal Reserve Bank of New York, number 983, Sep.
• Batiz-Lazo, Bernardo & Bautista-González, Manuel A & González-Correa, Ignacio, 2021, "La transformación en el uso de efectivo y pagos digitales durante la pandemia de Covid-19
  [Thye transformation in the use of cash and digital payments during the Covid-19 pandemioc]," MPRA Paper, University Library of Munich, Germany, number 109943, Sep.
• Ippei Fujiwara & Yuichiro Waki, 2021, "Online Appendix to "The Delphic forward guidance puzzle in New Keynesian models"," Online Appendices, Review of Economic Dynamics, number 19-50.
• Nguyen, Minh-Hoang, 2021, "Looking back at the 2008-crisis lesson to help Vietnam’s stock market hold its attraction to investors," OSF Preprints, Center for Open Science, number 9djqh, Sep, DOI: 10.31219/osf.io/9djqh.
• ANDREI, Dalina & Andrei, Liviu Catalin, 2020, "The generic economic entity types. A critical analysis of basics of the Keynesian Macro-Model," MPRA Paper, University Library of Munich, Germany, number 109886, Apr, revised 10 May 2020.
• Pablo Marmissolle, 2021, "Régimen de crecimiento de la economía uruguaya. Una aproximación desde el lado de la demanda (1908 – 2017)," Documentos de Trabajo (working papers), Instituto de Economía - IECON, number 21-19, Aug.
• Enrico Saltari & Willi Semmler & Giovanni Di Bartolomeo, 2021, "A Nash Equilibrium for Differential Games with Moving-horizon Strategies," Working Papers in Public Economics, Department of Economics and Law, Sapienza University of Rome, number 197, Sep.
• Elena Veprikova & Ilya Shevchenko, 2020, "Overview of the main trends in the execution of consolidated budgets of the regions of the Russian Far East in 2019 and the features of budgetary processes in 2021," Working Papers, The Eastern State Planning Center, number 350-00001-20/2, Dec, revised Sep 2021.
• Li, Defu & Benjamin, Bental, 2021, "Factor Supply Elasticities, Returns to Scale, and the Direction of Technological Progress," MPRA Paper, University Library of Munich, Germany, number 109920, Sep.
• Sarun Kamolthip, 2021, "Macroeconomic forecasting with LSTM and mixed frequency time series data," Papers, arXiv.org, number 2109.13777, Sep.
• Mads Greaker & Lars Lindholt, 2021, "The resource rent in Norwegian aquaculture 1984-2020. Calculations applying the National Accounts," Discussion Papers, Statistics Norway, Research Department, number 962, Aug.
• Hünnemeyer, Vanessa R. & Kempermann, Hanno, 2021, "Die Kinder- und Jugendhilfe - zwischen lokalen Bedarfen und sozialen Renditen: Eine Bestandsaufnahme," IW-Reports, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 35/2021.
• Andreea-Alexandra Maerean & Maja Pedersen & Paul Sharp, 2021, "Sovereign Debt and Supersanctions in Emerging Markets: Evidence from Four Southeast European Countries, 1878-1913," Working Papers, European Historical Economics Society (EHES), number 0216, Sep.
• Job Boerma & Aleh Tsyvinski & Alexander P. Zimin, 2021, "Sorting with Team Formation," NBER Working Papers, National Bureau of Economic Research, Inc, number 29290, Sep.
• Roos, Michael W. M. & Reccius, Matthias, 2021, "Narratives in economics," Ruhr Economic Papers, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen, number 922, DOI: 10.4419/96973068.
• Nguyen, Phong Thanh, 2020, "Application Machine Learning in Construction Management," MPRA Paper, University Library of Munich, Germany, number 109899, Dec, revised 01 Aug 2021.
• Nicolas Gavoille & Anna Zasova, 2021, "What we pay in the shadow: Labor tax evasion, minimum wage hike and employment," Working Papers CEB, ULB -- Universite Libre de Bruxelles, number 21-017, Sep.
• Florent Bordot & André Lorentz, 2021, "Automation and labor market polarization in an evolutionary model with heterogeneous workers," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2021-39.
• Schnakenberg, Keith & Turner, Ian R & Uribe-McGuire, Alicia, 2021, "Allies or Commitment Devices? A Model of Appointments to the Federal Reserve," SocArXiv, Center for Open Science, number b5zts, Sep, DOI: 10.31219/osf.io/b5zts.

Report NEP-MAC-2021-10-04

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: