Report NEP-MAC-2021-11-01

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:

• Kremer, Manfred & Chavleishvili, Sulkhan, 2021, "Measuring Systemic Financial Stress and its Impact on the Macroeconomy," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242346.
• Dietrich, Diemo & Gehrig, Thomas, 2021, "Speculative and Precautionary Demand for Liquidity in Competitive Banking Markets," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242347.
• Exler, Florian & Hansak, Alexander, 2021, "Naïve Consumers and Financial Mistakes," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242359.
• Asaduzzaman, Md, 2021, "Relationship between threshold level of inflation and economic growth in Bangladesh- a multivariate quadratic regression analysis," MPRA Paper, University Library of Munich, Germany, number 110333, Feb, revised 02 Feb 2021.
• Kamalyan, Hayk, 2021, "Phase-Dependent Monetary and Fiscal Policy," MPRA Paper, University Library of Munich, Germany, number 110341, Oct.
• Gianluca Benigno & Paolo Pesenti, 2021, "The International Experience of Central Bank Asset Purchases and Inflation," Liberty Street Economics, Federal Reserve Bank of New York, number 20211020, Oct.
• Jae Won Lee & Woong Yong Park, 2021, "Price Stickiness Heterogeneity and Equilibrium Determinacy," Working Paper Series, Institute of Economic Research, Seoul National University, number no143, Oct.
• Karl Whelan, 2021, "Central Banks and Inflation: Where Do We Stand and How Did We Get Here?," Working Papers, School of Economics, University College Dublin, number 202120, Aug.
• Kaldorf, Matthias & Wicknig, Florian, 2021, "Risky Financial Collateral, Firm Heterogeneity, and the Impact of Eligibility Requirements," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242413.
• Radke, Lucas & Wicknig, Florian, 2021, "Experience-Based Heterogeneity in Expectations and Monetary Policy," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242414.
• Bennani, Hamza & Burgard, Jan Pablo & Neuenkirch, Matthias, 2021, "The Financial Accelerator in the Euro Area: New Evidence Using a Mixture VAR Model," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242327.
• Pagenhardt, Laura & Große Steffen, Christoph & Rieth, Malte, 2021, "Commited to Flexible Fiscal Rules," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242330.
• Wacks, Johannes, 2021, "Labor Market Polarization with Hand-to-Mouth Households," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242391.
• Kumhof, Michael & Rungcharoenkitkul, Phurichai & Sokol, Andrej, 2021, "How Does International Capital Flow?," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242328.
• Horn, Carl-Wolfram & Fischer, Johannes J., 2021, "Does Monetary Policy Affect Mergers and Acquisitions?," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242445.
• Mendicino, Caterina & Cavalcanti, Tiago & Antunes, Antonio & Peruffo, Marcel & Villamil, Anne, 2021, "Tighter Credit and Consumer Bankruptcy Insurance," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242407.
• Ayushi Bajaj & Nikhil Damodaran, 2021, "Consumer Payment Choice and the Heterogeneous Impact of India’s Demonetization," Monash Economics Working Papers, Monash University, Department of Economics, number 2021-15, Oct.
• Maciej Stefański, 2021, "Macroeconomic Effects of Quantitative Easing Using Mid-sized Bayesian Vector Autoregressions," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2021-068, Oct.
• Hossein Hassani & Mohammad Reza Yeganegi & Rangan Gupta, 2021, "The ENSO Cycle and Forecastability of Global Inflation and Output Growth: Evidence from Standard and Mixed-Frequency Multivariate Singular Spectrum Analyses," Working Papers, University of Pretoria, Department of Economics, number 202169, Oct.
• Thitima Chucherd & Chanokkarn Mek-yong & Nalin Nookhwun & Passawuth Nuntnarumit & Natta Piyakarnchana & Suparit Suwanik, 2021, "Monetary and Financial Perspectives on Retail CBDC in the Thai Context," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 152, May.
• Gabriel Garber & Atif R. Mian & Jacopo Ponticelli & Amir Sufi, 2021, "Consumption Smoothing or Consumption Binging? The effects of government-led consumer credit expansion in Brazil," NBER Working Papers, National Bureau of Economic Research, Inc, number 29386, Oct.
• Alessandro Mistretta, 2021, "Business cycle synchronization or business cycle transmission? The effect of the German slowdown on the Italian economy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1346, Oct.
• William A. Barnett & Sohee Park, 2021, "Forecasting Inflation and Output Growth with Credit-Card-Augmented Divisia Monetary Aggregates," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics, number 202120, Oct, revised Oct 2021.
• Shigeto Kitano & Kenya Takaku, 2021, "Effect of Sovereign Wealth Funds in Commodity-Exporting Economies when Commodity Prices Affect Interest Spreads," Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University, number DP2021-22, Oct, revised Aug 2023.
• Stewen, Iryna & Hoffmann, Mathias & Stiefel, Michael, 2021, "Growing Like Germany: Local Public Debt, Local Banks, Low Private Investment," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242412.
• Moritz Kuhn & Iourii Manovskii & Xincheng Qiu, 2021, "The Geography of Job Creation and Job Destruction," NBER Working Papers, National Bureau of Economic Research, Inc, number 29399, Oct.
• Frédérique Savignac & Erwan Gautier & Yuriy Gorodnichenko & Olivier Coibion, 2021, "Firms' Inflation Expectations: New Evidence from France," NBER Working Papers, National Bureau of Economic Research, Inc, number 29376, Oct.
• Romain Baeriswyl & Samuel Reynard & Alexandre Swoboda, 2021, "Retail CBDC purposes and risk transfers to the central bank," Working Papers, Swiss National Bank, number 2021-19.
• Manuel Amador & Javier Bianchi, 2021, "Bank Runs, Fragility, and Credit Easing," NBER Working Papers, National Bureau of Economic Research, Inc, number 29397, Oct.
• Shijun Gu & Chengcheng Jia, 2021, "Firm Dynamics and SOE Transformation During China’s Economic Reform," Working Papers, Federal Reserve Bank of Cleveland, number 21-24R, Oct, revised 18 Apr 2022, DOI: 10.26509/frbc-wp-202124r.
• Callum J. Jones & Mariano Kulish & James Morley, 2021, "A Structural Measure of the Shadow Federal Funds Rate," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-064, Oct, DOI: 10.17016/FEDS.2021.064.
• Michele Cantarella & Andrea Neri & Giovanna Ranalli, 2021, "Mind the wealth gap: a new allocation method to match micro and macro statistics on household wealth," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 646, Oct.
• Klaus Adam & Erwan Gautier & Sergio Santoro & Henning Weber, 2021, "The Case for a Positive Euro Area Inflation Target: Evidence from France, Germany and Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1344, Oct.
• Pellens, Maikel & Peters, Bettina & Hud, Martin & Rammer, Christian & Licht, Georg, 2021, "Public R&D Investment in Economic Crises," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242467.
• Maneerat Gongsiang & Pongpitch Amatyakul, 2021, "Inflation at Risk in Thailand," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 151, Apr.
• Mariano Graziano & David Loschiavo, 2021, "Liquidity-poor households in the midst of the Covid-19 pandemic," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 642, Oct.
• Matthew Smith & Danny Yagan & Owen M. Zidar & Eric Zwick, 2021, "The Rise of Pass-Throughs and the Decline of the Labor Share," NBER Working Papers, National Bureau of Economic Research, Inc, number 29400, Oct.
• Nicola Fuchs-Schündeln & Dirk Krueger & André Kurmann & Etienne Lalé & Alexander Ludwig & Irina Popova, 2021, "The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures," NBER Working Papers, National Bureau of Economic Research, Inc, number 29398, Oct.
• Alfonso Rosolia, 2021, "Does information about current inflation affect expectations and decisions? Another look at Italian firms," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1353, Oct.
• Robert J. Hill & Alicia N. Rambaldi, 2021, "Hedonic Models and House Price Index Numbers," CEPA Working Papers Series, School of Economics, University of Queensland, Australia, number WP152021, Oct.
• Edward N. Wolff, 2021, "Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S.: Is the Fed Responsible?," NBER Working Papers, National Bureau of Economic Research, Inc, number 29392, Oct.
• Hyeyoon Jung, 2021, "Real Consequences of Shocks to Intermediaries Supplying Corporate Hedging Instruments," Staff Reports, Federal Reserve Bank of New York, number 989, Oct.
• Cardani, Roberta & Croitorov, Olga & Giovannini, Massimo & Pfeiffer, Philipp & Ratto, Marco & Vogel, Lukas, 2021, "The Euro Area's pandemic recession: A DSGE interpretation," JRC Working Papers in Economics and Finance, Joint Research Centre, European Commission, number 2021-10, Oct.
• International Monetary Fund, 2021, "Republic of Congo: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Congo," IMF Staff Country Reports, International Monetary Fund, number 2021/225, Oct.
• Nuttanan Wichitaksorn, 2020, "Analyzing and Forecasting Thai Macroeconomic Data using Mixed-Frequency Approach," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 146, Dec.
• Luisa Corrado & Stefano Grassi & Aldo Paolillo, 2021, "Identifying Economic Shocks in a Rare Disaster Environment," CEIS Research Paper, Tor Vergata University, CEIS, number 517, Oct, revised 18 Jul 2024.
• Lorenzo Di Domenico, 2021, "Multiplicity and not necessarily heterogeneity: implications for the long-run degree of capacity utilization," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2116, Oct.
• James B. Bullard, 2021, "U.S. Monetary Policy: A New Risk," Speech, Federal Reserve Bank of St. Louis, number 93226, Jun.
• Vincenzo Mariani, 2021, "Ageing and expenditure of Italian households," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 638, Oct.
• James B. Bullard, 2021, "Bullard Discusses Inflation, the Labor Market and Monetary Policy during OMFIF Event," Speech, Federal Reserve Bank of St. Louis, number 93225, Jun.
• International Monetary Fund, 2021, "Ecuador: 2021 Article IV Consultation, Second and Third Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Fin," IMF Staff Country Reports, International Monetary Fund, number 2021/228, Oct.
• James B. Bullard, 2021, "Bullard Speaks about Inflation Risk and Delta Variant Effect on Growth at a Research Conference," Speech, Federal Reserve Bank of St. Louis, number 93231, Sep.
• Gavresi, Despina & Litina, Anastasia, 2021, "Past Exposure to Macroeconomic Shocks and Populist Attitudes in Europe," MPRA Paper, University Library of Munich, Germany, number 110215, Jul.
• Matthew Smith & Owen M. Zidar & Eric Zwick, 2021, "Top Wealth in America: New Estimates and Implications for Taxing the Rich," NBER Working Papers, National Bureau of Economic Research, Inc, number 29374, Oct.
• Item repec:ris:msuecw:2021_003 is not listed on IDEAS anymore

• Thomas Kroen & Ernest Liu & Atif R. Mian & Amir Sufi, 2021, "Falling Rates and Rising Superstars," NBER Working Papers, National Bureau of Economic Research, Inc, number 29368, Oct.
• Mondolo, Jasmine, 2021, "Macroeconomic dynamics and the role of market power. The case of Italy," MPRA Paper, University Library of Munich, Germany, number 110172, Oct, revised 05 Oct 2021.
• Massimiliano Affinito & Fabiana Sabatini & Massimiliano Stacchini, 2021, "Collateral in bank lending during the financial crises:a borrower and a lender story," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1352, Oct.
• Matthew Higgins & Thomas Klitgaard, 2021, "How Much Have Consumers Spent on Imports during the Pandemic?," Liberty Street Economics, Federal Reserve Bank of New York, number 20211022, Oct.
• International Monetary Fund, 2021, "Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil," IMF Staff Country Reports, International Monetary Fund, number 2021/217, Sep.
• Cherbonnier, Frédéric, 2021, "Optimal insurance for time-inconsistent agents," IAST Working Papers, Institute for Advanced Study in Toulouse (IAST), number 21-123, Oct.
• Cherbonnier, Frédéric, 2021, "Optimal insurance for time-inconsistent agents," TSE Working Papers, Toulouse School of Economics (TSE), number 21-1256, Sep.
• Oguzhan Cepni & Hardik A. Marfatia & Rangan Gupta, 2021, "The Time-Varying Impact of Uncertainty Shocks on the Comovement of Regional Housing Prices of the United Kingdom," Working Papers, University of Pretoria, Department of Economics, number 202168, Oct.
• Randal K. Quarles, 2021, "How Long is Too Long? How High is Too High?: Managing Recent Inflation Developments within the FOMC’s Monetary Policy Framework: a speech at the 2021 Milken Institute Global Conference "Charting ," Speech, Board of Governors of the Federal Reserve System (U.S.), number 93263, Oct.
• Michele Giammatteo & Stefano Iezzi & Roberta Zizza, 2021, "Pecunia olet. Cash usage and the underground economy," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 649, Oct.
• Arthur Jacobs & Freddy Heylen, 2021, "Demographic change, secular stagnation and inequality: automation as a blessing?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 21/1030, Oct.
• Elizabeth Qiao, 2021, "A Bibliography of Free Banking Scholarship (2021)," Studies in Applied Economics, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, number 193, Oct.
• Nicola Amendola & Lorenzo Carbonari & Leo Ferraris, 2021, "Three Liquid Assets," CEIS Research Paper, Tor Vergata University, CEIS, number 516, Oct, revised 14 Oct 2021.
• James B. Bullard, 2021, "Bullard Discusses Inflation Risks to the Upside during a Forum," Speech, Federal Reserve Bank of St. Louis, number 93233, Oct.
• Alain Raybaut, 2021, "A first French episode in the renewal of nonlinear theory of economic cycles," Post-Print, HAL, number hal-03375804, Jun.
• James B. Bullard, 2021, "The Nexus Between Inequality and Monetary Policy," Speech, Federal Reserve Bank of St. Louis, number 93227, Jul.
• International Monetary Fund, 2021, "Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization," IMF Staff Country Reports, International Monetary Fund, number 2021/220, Sep.
• Jaison R. Abel & Jason Bram & Richard Deitz & Jessica Lu, 2021, "Severe Supply Disruptions Are Impeding Business Activity in the Region," Liberty Street Economics, Federal Reserve Bank of New York, number 20211021, Oct.
• Corina Boar & Danial Lashkari, 2021, "Occupational Choice and the Intergenerational Mobility of Welfare," NBER Working Papers, National Bureau of Economic Research, Inc, number 29381, Oct.
• Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2021, "Firm Entry and Exit and Aggregate Growth," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 411, Oct, DOI: 10.24149/gwp411.
• International Monetary Fund, 2021, "Republic of Equatorial Guinea: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director," IMF Staff Country Reports, International Monetary Fund, number 2021/219, Sep.
• James B. Bullard, 2021, "U.S. Macroeconomic Performance during the Pandemic with Three Topics for Future Research," Speech, Federal Reserve Bank of St. Louis, number 93229, Aug.
• Luca Rossi, 2021, "Revisiting the Case for a Fiscal Union: the Federal Fiscal Channel of Downside-Risk Sharing in the United States," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1351, Oct.
• Asaduzzaman, Md, 2019, "FDI as an Opportunity for Economic growth of Bangladesh: A VECM Analysis," MPRA Paper, University Library of Munich, Germany, number 110328, Dec, revised 05 Dec 2019.
• Dräger, Lena & Bui, Dzung & Nghiem, Giang & Hayo, Bernd, 2021, "Consumer Sentiment During the COVID-19 Pandemic," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242375.
• Sungbae An & Tae Soo Kang & Kyunghun Kim & Eunjung Kang, 2020, "대외부문 거시건전성 정책 10년의 성과와 개선방안 (Korea's Macroprudential Policies for Cross-Border Capital Flows: Accomplishments and Road to Improvement)," Policy Analyses, Korea Institute for International Economic Policy, number 20-18, Dec.
• Jose Luis Oreiro & Vitor Antonio Ferreira Dotta & João Pedro Heringer Machado, 2021, "Uneven Development in a Kaldor-Pasinetti-Verspagen Model of Growth and Distribution," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2115, Oct.
• Satoshi Nakano & Kazuhiko Nishimura, 2021, "The elastic origins of tail asymmetry," Papers, arXiv.org, number 2110.08612, Oct, revised Jan 2023.
• James B. Bullard, 2021, "U.S. Economy Booming," Speech, Federal Reserve Bank of St. Louis, number 93223, May.
• Bhattacharya, Rudrani & Bhandari, Bornali & Mundle, Sudipto, 2021, "Nowcasting India's Quarterly GDP Growth: A Factor Augmented Time-Varying Coefficient Regression Model (FA-TVCRM)," Working Papers, National Institute of Public Finance and Policy, number 21/357, Oct.
• David Autor & David Dorn & Gordon H. Hanson, 2021, "On the Persistence of the China Shock," NBER Working Papers, National Bureau of Economic Research, Inc, number 29401, Oct.
• Peter M. Solar, 2021, "China, Europe, and the Great Divergence: Further Concerns about the Historical GDP Estimates for China," Working Papers, European Historical Economics Society (EHES), number 0217, Oct.
• Daniel L. Greenwald & Adam Guren, 2021, "Do Credit Conditions Move House Prices?," NBER Working Papers, National Bureau of Economic Research, Inc, number 29391, Oct.
• David G. Blanchflower & Alex Bryson, 2021, "The Economics of Walking About and Predicting US Downturns," NBER Working Papers, National Bureau of Economic Research, Inc, number 29372, Oct.
• Hyosang Kim & Da Young Yang & Soyoung Kim, 2021, "대외자산 수익률 결정요인 분석 (The Determinants of Return on External Assets)," Policy Reference, Korea Institute for International Economic Policy, number 20-6, Feb.
• F. Lagona & Fabio Padovano, 2021, "How does legislative behavior change when the country becomes democratic? The case of South Korea," Post-Print, HAL, number hal-03225568, Sep, DOI: 10.1016/j.ejpoleco.2021.102026.
• Maria Begicheva & Alexey Zaytsev, 2021, "Bank transactions embeddings help to uncover current macroeconomics," Papers, arXiv.org, number 2110.12000, Oct, revised Dec 2021.
• International Monetary Fund, 2021, "Jordan: Technical Assistance Report-Fiscal Transparency Evaluation," IMF Staff Country Reports, International Monetary Fund, number 2021/224, Oct.
• Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2021, "Information Frictions among Firms and Households," VfS Annual Conference 2021 (Virtual Conference): Climate Economics, Verein für Socialpolitik / German Economic Association, number 242376.

Report NEP-MAC-2021-11-01

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: