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 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:

• Pongpitch Amatyakul & Tosapol Apaitan & Savaphol Hiruntiaranakul & Nuwat Nookhwun, 2021. "Revisiting Thailand's Monetary Policy Model for an Integrated Policy Analysis," PIER Discussion Papers 164, Puey Ungphakorn Institute for Economic Research.
• Lenarčič, Črt, 2021. "Estimating business and financial cycles in Slovenia," MPRA Paper 109977, University Library of Munich, Germany.
• Nelimarkka, Jaakko & Laine, Olli-Matti, 2021. "The effects of the ECB's pandemic-related monetary policy measures," BoF Economics Review 4/2021, Bank of Finland.
• Oinonen, Sami & Vilmi, Lauri, 2021. "Analysing euro area inflation outlook with the Phillips curve," BoF Economics Review 5/2021, Bank of Finland.
• Christian Bustamante, 2021. "More Money for Some: The Redistributive Effects of Open Market Operations," Staff Working Papers 21-46, Bank of Canada.
• Nurdaulet Abilov & Alisher Tolepbergen & Aizhan Bolatbayeva & Zarina Adilkhanova & Erlan Konebayev & Zhandos Ybrayev, 2020. "An Economic Response to COVID-19," NAC Analytica Staff Notes 1, NAC Analytica, Nazarbayev University, 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 WP21-15, Peterson Institute for International Economics.
• Francesco D’Acunto & Daniel Hoang & Maritta Paloviita & Michael Weber, 2021. "Human Frictions in the Transmission of Economic Policies," NBER Working Papers 29279, National Bureau of Economic Research, Inc.
• Jeremy B. Rudd, 2021. "Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)," Finance and Economics Discussion Series 2021-062, Board of Governors of the Federal Reserve System (U.S.).
• Di Domenico, Lorenzo, 2021. "Stability and determinants of the public debt-to-GDP ratio: an Input Output – Stock Flow Consistent approach," MPRA Paper 109970, University Library of Munich, Germany.
• Martin Beraja & Christian K. Wolf, 2021. "Demand Composition and the Strength of Recoveries," NBER Working Papers 29304, National Bureau of Economic Research, Inc.
• 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 109976, University Library of Munich, Germany.
• 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 02/2021, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
• Chakraborty, Lekha S, 2021. "Reserve Bank of India’s Pandemic Responses," MPRA Paper 109863, University Library of Munich, Germany.
• 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 198, Department of Economics and Law, Sapienza University of Roma.
• David G. Blanchflower & Alex Bryson, 2021. "The Sahm Rule and Predicting the Great Recession Across OECD Countries," DoQSS Working Papers 21-29, Quantitative Social Science - UCL Social Research Institute, University College London.
• 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 202119, University of Kansas, Department of Economics, 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 2021/1, Norges Bank.
• 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 20210924a, Federal Reserve Bank of New York.
• 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 2021/205, International Monetary Fund.
• 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 2117, Koc University-TUSIAD Economic Research Forum.
• International Monetary Fund, 2021. "Republic of Tajikistan: 2013 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2021/195, International Monetary Fund.
• 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 2021/206, International Monetary Fund.
• Camille Cornand & Paul Hubert, 2021. "Information frictions in inflation expectations among five types of economic agents," Working Papers 2116, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
• 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 2021/203, International Monetary Fund.
• John Kandrac, 2021. "Can the Federal Reserve Effectively Target Main Street? Evidence from the 1970s Recession," Finance and Economics Discussion Series 2021-061, Board of Governors of the Federal Reserve System (U.S.).
• 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 2021/202, International Monetary Fund.
• Grömling, Michael & Bardt, Hubertus & Demary, Markus & Hüther, Michael, 2021. "Gespaltene Industriekonjunktur in Deutschland: Stolpersteine auf dem Weg zur Normalisierung," IW-Reports 34/2021, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• 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 2021/215, International Monetary Fund.
• Jon H. Findreng, 2021. "Peer Monitoring vs. Search Costs in the Interbank Market: Evidence from Payment Flow Data in Norway," Working Paper 2021/2, Norges Bank.
• Giovanni Angelini & Giovanni Caggiano & Efrem Castelnuovo & Luca Fanelli, 2021. "Are Fiscal Multipliers Estimated with Proxy-SVARs Robust?," Monash Economics Working Papers 2021-08, Monash University, Department of Economics.
• 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 2021/214, International Monetary Fund.
• 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 29293, National Bureau of Economic Research, Inc.
• 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) 11, Bank of Italy, Directorate General for Markets and Payment System.
• Bruno Albuquerque, 2021. "Corporate debt booms, financial constraints, and the investment nexus," CeBER Working Papers 2021-08, Centre for Business and Economics Research (CeBER), University of Coimbra.
• Heon Lee, 2021. "Money Creation and Banking: Theory and Evidence," Papers 2109.15096, arXiv.org, revised Jun 2024.
• Bauer, Anja & Weber, Enzo, 2021. "Lockdown length and strength: labour-market effects in Germany during the COVID-19 pandemic," IAB-Discussion Paper 202110, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
• 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 2021/209, International Monetary Fund.
• George Alessandria & Carter Mix, 2021. "Trade Policy is Real News: Theory and Evidence," International Finance Discussion Papers 1330, Board of Governors of the Federal Reserve System (U.S.).
• Soojin Jo & Lilia Karnizova, 2021. "Energy Efficiency and Fluctuations in CO2 Emissions," Working Papers 2107E, University of Ottawa, Department of Economics.
• Martin M. Andreasen & Giovanni Caggiano & Efrem Castelnuovo & Giovanni Pellegrino, 2021. "Why Does Risk Matter More in Recessions than in Expansions?," Economics Working Papers 2021-12, Department of Economics and Business Economics, Aarhus University.
• Robert L. Czudaj, 2021. "Heterogeneity of Beliefs and Information Rigidity in the Crude Oil Market: Evidence from Survey Data," Chemnitz Economic Papers 050, Department of Economics, Chemnitz University of Technology, revised Sep 2021.
• Antoine Martin & Susan McLaughlin, 2021. "COVID Response: The Primary Dealer Credit Facility," Staff Reports 981, Federal Reserve Bank of New York.
• Miroslav Gabrovski & Victor Ortego-Marti, 2021. "On the Slope of the Beveridge Curve in the Housing Market," Working Papers 202105, University of Hawaii at Manoa, Department of Economics.
• Shaun de Jager & Riaan Ehlers & Keabetswe Mojapelo & Pieter Pienaar, 2021. "Shortterm impacts and interaction of macroprudential policy tools," Working Papers 11020, South African Reserve Bank.
• Victoria E. Agwam & Pablo D. Azar & Kyra Frye, 2021. "The Spillover Effects of COVID-19 on Productivity throughout the Supply Chain," Liberty Street Economics 20210927, Federal Reserve Bank of New York.
• Tsoulfidis, Lefteris, 2021. "Capital Theory Debates: New Developments and Direction," Centro Sraffa Working Papers CSWP51, Centro di Ricerche e Documentazione "Piero Sraffa".
• Luigi Bonatti Roberto Tamborini & Roberto Tamborini, 2021. "Is High Inflation the New Challenge for Central Banks?," DEM Working Papers 2021/14, Department of Economics and Management.
• Yildirim, Yusuf & Sanyal, Anirban, 2021. "Financial Stress and Effect on Real Economy: The Turkish Experience," MPRA Paper 109845, University Library of Munich, Germany.
• International Monetary Fund, 2021. "Republic of Tajikistan: 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2021/200, International Monetary Fund.
• John C. Williams, 2021. "Business More Like Usual," Speech 93088, Federal Reserve Bank of New York.
• International Monetary Fund, 2021. "Republic of Tajikistan: 2015 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2021/196, International Monetary Fund.
• Laurence Francis Lacey, 2021. "On the nature of monetary and price inflation and hyperinflation," Papers 2109.12980, arXiv.org.
• Cheolbeom Park & Seungyoo Shin, 2021. "Monetary Policy and Exchange Rate Response: Evidence from Shock-based SVAR with Uncertainty Measures," Discussion Paper Series 2102, Institute of Economic Research, Korea University.
• Hristov, Nikolay & Hülsewig, Oliver & Kolb, Benedikt, 2021. "Macroprudential policy and the sovereign-bank nexus in the euro area," Discussion Papers 32/2021, Deutsche Bundesbank.
• 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 2021/213, International Monetary Fund.
• International Monetary Fund, 2021. "Republic of Tajikistan: 2017 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2021/198, International Monetary Fund.
• Suarez, Javier, 2021. "Growth-at-risk and macroprudential policy design JEL Classification: G01, G20, G28," ESRB Occasional Paper Series 19, European Systemic Risk Board.
• 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 2021/211, International Monetary Fund.
• 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 984, Federal Reserve Bank of New York.
• Gonzalo Castex & Stanley Cho & Evgenia Dechter, 2021. "The Decline in Capital-Skill Complementarity," Discussion Papers 2021-06, School of Economics, The University of New South Wales.
• Guido Ascari & Andrea Colciago & Riccardo Silvestrini, 2021. "Business Dynamism, Sectoral Reallocation and Productivity in a Pandemic," Working Papers 482, University of Milano-Bicocca, Department of Economics, revised Sep 2021.
• Juliane Beganau & Saki Bigio & Jeremy Majerovitz & Matias Vieyra, 2021. "A Q-Theory of Banks," Staff Working Papers 21-44, Bank of Canada.
• 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 2021/208, International Monetary Fund.
• So Kubota, 2021. "Money and cooperation in small communities," Working Papers 2118, Waseda University, Faculty of Political Science and Economics.
• Mariya Aleksynska & Alexandre Kolev, 2021. "Education-occupation mismatch in the context of informality and development," OECD Development Centre Working Papers 346, OECD Publishing.
• Nina Boyarchenko & Richard K. Crump & Anna Kovner & Deborah Leonard, 2021. "COVID Response: The Commercial Paper Funding Facility," Staff Reports 982, Federal Reserve Bank of New York.
• Kea BARET, 2021. "Fiscal rules’ compliance and Social Welfare," Working Papers of BETA 2021-38, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Prydz, Espen Beer & Jolliffe, Dean & Serajuddin, Umar, 2021. "Mind the Gap," GLO Discussion Paper Series 944, Global Labor Organization (GLO).
• António Afonso & José Carlos Coelho, 2021. "60%, -4% and 6%, a tale of thresholds for EU fiscal and current account developments," Working Papers REM 2021/0196, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• 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 2021/207, International Monetary Fund.
• International Monetary Fund, 2021. "Georgia: Financial System Stability Assessment," IMF Staff Country Reports 2021/216, International Monetary Fund.
• Ablam Estel Apeti & Jean-Louis Combes & Xavier Debrun & Alexandru Minea, 2021. "Did Fiscal Space Foster Covid-19's Fiscal Stimuli ?," Post-Print hal-03351634, HAL.
• Ordemann, Jessica & Pfeiffer, Friedhelm, 2021. "The evolution of educational wage differentials for women and men, from 1996 to 2019," ZEW Discussion Papers 21-066, ZEW - Leibniz Centre for European Economic Research.
• David M. Arseneau & José Fillat & Molly Mahar & Donald P. Morgan & Skander J. Van den Heuvel, 2021. "The Main Street Lending Program," Current Policy Perspectives 93068, Federal Reserve Bank of Boston.
• Soojin Jo & Lilia Karnizova, 2021. "Online Appendix to "Energy Efficiency and Fluctuations to CO2 Emissions"," Working Papers 2108E, University of Ottawa, Department of Economics.
• Allen N. Berger & Onesime Epouhe & Raluca Roman, 2021. "A Tale of Two Bailouts: Effects of TARP and PPP on Subprime Consumer Debt," Working Papers 21-32, Federal Reserve Bank of Philadelphia.
• Elizabeth Caviness & Ankur Goyal & Woojung Park & Asani Sarkar, 2020. "COVID Response: The Term Asset-Backed Securities Loan Facility," Staff Reports 979, Federal Reserve Bank of New York.
• David G. Blanchflower & Alex Bryson, 2021. "The Sahm Rule and Predicting the Great Recession Across OECD Countries," NBER Working Papers 29300, National Bureau of Economic Research, Inc.
• Jerome H. Powell, 2021. "Monetary Policy in the Time of COVID," Speech 93064, Board of Governors of the Federal Reserve System (U.S.).
• Karolis Liaudinskas & Kristina GrigaitÄ—, 2021. "Estimating firms’ bank-switching costs," Working Paper 2021/4, Norges Bank.
• 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 983, Federal Reserve Bank of New York.
• 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 109943, University Library of Munich, Germany.
• Ippei Fujiwara & Yuichiro Waki, 2021. "Online Appendix to "The Delphic forward guidance puzzle in New Keynesian models"," Online Appendices 19-50, Review of Economic Dynamics.
• Nguyen, Minh-Hoang, 2021. "Looking back at the 2008-crisis lesson to help Vietnam’s stock market hold its attraction to investors," OSF Preprints 9djqh, Center for Open Science.
• ANDREI, Dalina & Andrei, Liviu Catalin, 2020. "The generic economic entity types. A critical analysis of basics of the Keynesian Macro-Model," MPRA Paper 109886, University Library of Munich, Germany, 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) 21-19, Instituto de Economía - IECON.
• Enrico Saltari & Willi Semmler & Giovanni Di Bartolomeo, 2021. "A Nash Equilibrium for Differential Games with Moving-horizon Strategies," Working Papers in Public Economics 197, Department of Economics and Law, Sapienza University of Roma.
• 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 350-00001-20/2, The Eastern State Planning Center, revised Sep 2021.
• Li, Defu & Benjamin, Bental, 2021. "Factor Supply Elasticities, Returns to Scale, and the Direction of Technological Progress," MPRA Paper 109920, University Library of Munich, Germany.
• Sarun Kamolthip, 2021. "Macroeconomic forecasting with LSTM and mixed frequency time series data," Papers 2109.13777, arXiv.org.
• Mads Greaker & Lars Lindholt, 2021. "The resource rent in Norwegian aquaculture 1984-2020. Calculations applying the National Accounts," Discussion Papers 962, Statistics Norway, Research Department.
• Hünnemeyer, Vanessa R. & Kempermann, Hanno, 2021. "Die Kinder- und Jugendhilfe - zwischen lokalen Bedarfen und sozialen Renditen: Eine Bestandsaufnahme," IW-Reports 35/2021, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
• 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 0216, European Historical Economics Society (EHES).
• Job Boerma & Aleh Tsyvinski & Alexander P. Zimin, 2021. "Sorting with Team Formation," NBER Working Papers 29290, National Bureau of Economic Research, Inc.
• Roos, Michael W. M. & Reccius, Matthias, 2021. "Narratives in economics," Ruhr Economic Papers 922, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
• Nguyen, Phong Thanh, 2020. "Application Machine Learning in Construction Management," MPRA Paper 109899, University Library of Munich, Germany, 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 21-017, ULB -- Universite Libre de Bruxelles.
• Florent Bordot & André Lorentz, 2021. "Automation and labor market polarization in an evolutionary model with heterogeneous workers," Working Papers of BETA 2021-39, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Schnakenberg, Keith & Turner, Ian R & Uribe-McGuire, Alicia, 2021. "Allies or Commitment Devices? A Model of Appointments to the Federal Reserve," SocArXiv b5zts, Center for Open Science.