Report NEP-MAC-2021-11-29

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:

• Simcha Barkai & Stavros Panageas, 2021, "Value without Employment," NBER Working Papers, National Bureau of Economic Research, Inc, number 29414, Oct.
• Richard K. Crump & Stefano Eusepi & Emanuel Moench & Bruce Preston, 2021, "The Term Structure of Expectations," Staff Reports, Federal Reserve Bank of New York, number 992, Nov.
• Paul Levine & Stephen McKnight & Alexander Mihailov & Jonathan Swarbrick, 2021, "Limited Asset Market Participation and Monetary Policy in a Small Open Economy," School of Economics Discussion Papers, School of Economics, University of Surrey, number 0921, Oct.
• Alan S. Blinder, 2021, "Interactions between Monetary and Fiscal Policy: Yesterday, Today, and Tomorrow," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies., number 290, Sep.
• Naoto Soma, 2021, "Parameter Uncertainty and Effective Lower Bound Risk," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 21-E-11, Nov.
• Greg Buchak & Jiayin Hu & Shang-Jin Wei, 2021, "FinTech as a Financial Liberator," NBER Working Papers, National Bureau of Economic Research, Inc, number 29448, Nov.
• Item repec:bof:bofrdp:2021_014 is not listed on IDEAS anymore

• Rachel Doehr & Enrique Martínez García, 2021, "Monetary Policy Uncertainty and Economic Fluctuations at the Zero Lower Bound," Globalization Institute Working Papers, Federal Reserve Bank of Dallas, number 412, Nov, DOI: 10.24149/gwp412.
• Alan S. Blinder, 2021, "Central Banking in the Time of Covid," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies., number 289, Sep.
• Paolo Fegatelli, 2021, "The one trillion euro digital currency: How to issue a digital euro without threatening monetary policy transmission and financial stability?," BCL working papers, Central Bank of Luxembourg, number 155, Aug.
• Ewa Stanisławska & Maritta Paloviita, 2021, "Medium- vs. short-term consumer inflation expectations: evidence from a new euro area survey," NBP Working Papers, Narodowy Bank Polski, number 338.
• Benjamin Lester & David A. Rivers & Giorgio Topa, 2021, "The Heterogeneous Impact of Referrals on Labor Market Outcomes," Working Papers, Federal Reserve Bank of Philadelphia, number 21-34, Oct, DOI: 10.21799/frbp.wp.2021.34.
• Pablo Garcia & Pascal Jacquinot & Crt Lenarcic & Matija Lozej & Kostas Mavromatis, 2021, "Global models for a global pandemic: the impact of COVID-19 on small euro area economies," BCL working papers, Central Bank of Luxembourg, number 156, Oct.
• Peter Andre & Ingar Haaland & Christopher Roth & Mirko Wiederholt & Johannes Wohlfart, 2021, "Narratives about the Macroeconomy," ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany, number 127, Nov.
• Sebastian Edwards, 2021, "Macroprudential Policies and The Covid-19 Pandemic: Risks and Challenges For Emerging Markets," NBER Working Papers, National Bureau of Economic Research, Inc, number 29441, Oct.
• Hie Joo Ahn & Matteo Luciani, 2021, "Relative prices and pure inflation since the mid-1990s," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-069, Oct, DOI: 10.17016/FEDS.2021.069.
• Giuseppe Fiori & Filippo Scoccianti, 2021, "Aggregate dynamics and microeconomic heterogeneity: the role of vintage technology," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 651, Nov.
• Joseph Kopecky, 2021, "Okay Boomer... Excess Money Growth, Inflation, and Population Aging," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep0721, Jun, revised Oct 2021.
• Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2021, "Aging, migration and monetary policy in Poland," NBP Working Papers, Narodowy Bank Polski, number 341.
• Dora Tuda, 2020, "Desired hours worked over the business cycle: stylised facts for European countries," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep1320, May, revised Aug 2020.
• Todd Keister & Daniel R. Sanches, 2021, "Should Central Banks Issue Digital Currency?," Working Papers, Federal Reserve Bank of Philadelphia, number 21-37, Nov, DOI: 10.21799/frbp.wp.2021.37.
• Kuhn, Moritz & Manovskii, Iourii & Qiu, Xincheng, 2021, "The Geography of Job Creation and Job Destruction," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14791, Oct.
• Paola Morales & Daniel Osorio-Rodríguez & Juan S. Lemus-Esquivel & Miguel Sarmiento, 2021, "The internationalization of domestic banks and the credit channel of monetary policy," Borradores de Economia, Banco de la Republica de Colombia, number 1181, Nov, DOI: 10.32468/be.1181.
• Davide Romelli & Hamza Bennani, 2021, "Disagreement inside the FOMC: New Insights from Tone Analysis," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep1021, Sep.
• Daniel Baksa & Mr. Aleš Bulíř & Mr. Roberto Cardarelli, 2021, "A Simple Macrofiscal Model for Policy Analysis: An Application to Morocco," IMF Working Papers, International Monetary Fund, number 2021/190, Jul.
• Valentina Bonifacio & Mr. Luis Brandão-Marques & Mr. Balazs Csonto & Chiara Fratto & Philipp Engler & Davide Furceri & Ms. Deniz O Igan & Rui Mano & Mr. Machiko Narita & Murad Omoev & Gurnain Kaur Pas, 2021, "Distributional Effects of Monetary Policy," IMF Working Papers, International Monetary Fund, number 2021/201, Jul.
• Lorenz Emter, 2020, "Leverage Cycles, Growth Shocks, and Sudden Stops in Capital Inflows," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep1120, Jul.
• Marco Airaudo & Ina Hajdini, 2021, "Wealth Effects, Price Markups, and the Neo-Fisherian Hypothesis," Working Papers, Federal Reserve Bank of Cleveland, number 21-27, Nov, DOI: 10.26509/frbc-wp-202127.
• Mirko Wiederholt & Christopher Roth & Johannes Wohlfart, 2021, "The Effects of Forward Guidance: Theory with Measured Expectations," CEBI working paper series, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI), number 21-16, Nov.
• Joseph Kopecky & Alan M. Taylor, 2020, "The Murder-Suicide of the Rentier: Population Aging and the Risk Premium," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep1220, Mar.
• Vito Polito & Yunyi Zhang, 2021, "Tackling Large Outliers in Macroeconomic Data with Vector Artificial Neural Network Autoregression," CESifo Working Paper Series, CESifo, number 9395.
• Gani Ramadani & Magdalena Petrovska & Vesna Bucevska, 2021, "Evaluation of mixed frequency approaches for tracking near-term economic developments in North Macedonia," Working Papers, National Bank of the Republic of North Macedonia, number 2021-03.
• Agrawal, Sneha & Gaurav, Abhishek & Suveg, Melinda, 2021, "Markups as a Hedge for Input Price Uncertainty: Evidence from Sweden," Working Paper Series, Research Institute of Industrial Economics, number 1418, Nov.
• Krzysztof Kruszewski & Mikołaj Szadkowski, 2021, "Impact of the central bank’s financial result on the transfers of benefits across sectors of the economy," NBP Working Papers, Narodowy Bank Polski, number 340.
• Junko Doi & Kota Yamada & Masaya Yasuoka, 2021, "Tax Incidence and Fiscal Sustainability in DSGE Model," Discussion Paper Series, School of Economics, Kwansei Gakuin University, number 231, Nov.
• Agnes Kovacs & Concetta Rondinelli & Serena Trucchi, 2021, "Permanent versus transitory income shocks over the business cycle," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1354, Nov.
• Item repec:afa:wpaper:aeri0621 is not listed on IDEAS anymore

• Stephen Cecchetti & Mr. Machiko Narita & Umang Rawat & Ms. Ratna Sahay, 2021, "Addressing Spillovers from Prolonged U.S. Monetary Policy Easing," IMF Working Papers, International Monetary Fund, number 2021/182, Jul.
• Luisito Bertinelli & Olivier Cardi & Romain Restout, 2021, "Labor Market Effects of Technology Shocks Biased Toward the Traded Sector," DEM Discussion Paper Series, Department of Economics at the University of Luxembourg, number 21-15.
• Matthias Huber & Silke Uebelmesser, 2021, "Language Learning: Human Capital Investment or Consumption?," Jena Economics Research Papers, Friedrich-Schiller-University Jena, number 2021-019, Nov.
• Item repec:afa:wpaper:aeri0521 is not listed on IDEAS anymore

• Mary Amiti & Sebastian Heise & Aidan Wang, 2021, "High Import Prices along the Global Supply Chain Feed Through to U.S. Domestic Prices," Liberty Street Economics, Federal Reserve Bank of New York, number 20211108, Nov.
• Mr. Romain A Duval & Davide Furceri & Raphael Lee & Ms. Marina Mendes Tavares, 2021, "Market Power and Monetary Policy Transmission," IMF Working Papers, International Monetary Fund, number 2021/184, Jul.
• Despina Gavresi & Anastasia Litina, 2021, "Past Exposure to Macroeconomic Shocks and Populist Attitudes in Europe," Discussion Paper Series, Department of Economics, University of Macedonia, number 2021_15, Nov, revised Nov 2021.
• Eduardo Corso, 2021, "Financial Dollarization in Argentina: A Historical Analysis of a Current Restriction," BCRA Working Paper Series, Central Bank of Argentina, Economic Research Department, number 202195, Jul.
• Paraskevi Tzika & Theologos Pantelidis, 2021, "The contribution of Economic Policy Uncertainty to the persistence of shocks to stock market volatility," Discussion Paper Series, Department of Economics, University of Macedonia, number 2021_11, Sep, revised Sep 2021.
• Pedro Bento, 2021, "Female Entrepreneurship in the U.S. 1982 - 2012: Implications for Welfare and Aggregate Output," Working Papers, Texas A&M University, Department of Economics, number 20211108-001, Nov.
• Guillaume Horny & Supriya Kapoor, 2021, "Investment Response to Monetary Policy in a Low Interest Rate Environment: Evidence from the ECB's Corporate QE," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep1121, Oct.
• Makarski, Krzysztof & Tyrowicz, Joanna & Komada, Oliwia, 2021, "Efficiency versus Insurance: Capital Income Taxation and Privatizing Social Security," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14805, Oct.
• Faia, Ester & Kudlyak, Marianna & Shabalina, Ekaterina, 2021, "Dynamic Labor Reallocation with Heterogeneous Skills and Uninsured Idiosyncratic Risk," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14794, Oct.
• José Carlos Coelho & José Alves, 2021, "Two-way relationship between inequality and growth within fiscal policy channel: an empirical assessment for European countries," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2021/0205, Nov.
• Ana Kristel Lapid & Rogelio Jr Mercado & Peter Rosenkranz, 2021, "Concentration in Asia s Cross-border Banking: Determinants and Impacts," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep0121, Jan.
• 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 20211108-002, Nov.
• Guglielmo Maria Caporale & Luis A. Gil-Alana & Pablo Vicente Trejo, 2021, "Unemployment Persistence in Europe: Evidence from the 27 EU Countries," CESifo Working Paper Series, CESifo, number 9392.
• Item repec:rim:rimwps:21-23 is not listed on IDEAS anymore

• Paul Bouche & Gilbert Cette & Rémy Lecat, 2021, "News from the frontier: Increased productivity dispersion across firms and factor reallocation," Working papers, Banque de France, number 846.
• Isaac K. Ofori & Christopher Quaidoo & Pamela E. Ofori, 2021, "What Drives Financial Sector Development in Africa? Insights from Machine Learning," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 21/074, Jan.
• Katya Kartashova & Xiaoqing Zhou, 2021, "Wealth Inequality and Return Heterogeneity During the COVID-19 Pandemic," Working Papers, Federal Reserve Bank of Dallas, number 2114, Nov, DOI: 10.24149/wp2114.
• Item repec:ces:ceswps:_9394 is not listed on IDEAS anymore

• Anton Badev & Lauren Clark & Daniel Ebanks & Jeffrey C. Marquardt & David C. Mills, 2021, "Fedwire Funds Service: Payments, Balances, and Available Liquidity," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-070, Nov, DOI: 10.17016/FEDS.2021.070.
• Aussama Bejraoui & Guillaume Delalande & Melissa Li & Julia Benn, 2021, "TOSSD - Tracking global health expenditure in support of the SDGs," OECD Development Co-operation Working Papers, OECD Publishing, number 103, Nov, DOI: 10.1787/cb8be42b-en.
• Fabrizio Ferriani & Andrea Gazzani, 2021, "Financial condition indices for emerging market economies: can Google help?," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 653, Nov.
• Ms. Valerie Cerra & Ms. Mai Hakamada & Mr. Ruy Lama, 2021, "Financial Crises, Investment Slumps, and Slow Recoveries," IMF Working Papers, International Monetary Fund, number 2021/170, Jun.
• Carneiro, Anabela & Portugal, Pedro & Raposo, Pedro & Rodrigues, Paulo M. M., 2021, "The Persistence of Wages," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14798, Oct.
• Oecd, 2021, "Social vouchers: Innovative tools for social inclusion and local development," OECD Local Economic and Employment Development (LEED) Papers, OECD Publishing, number 2021/08, Nov, DOI: 10.1787/a98f02c5-en.
• Mr. Fabio Comelli & Ms. Sumiko Ogawa, 2021, "What Can We Learn from Financial Stability Reports?," IMF Working Papers, International Monetary Fund, number 2021/200, Jul.
• Daniel Carvalho & Etienne Lepers & Rogelio Jr Mercado, 2021, "Taming the "Capital Flows-Credit Nexus": A Sectoral Approach," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep0921, Sep.
• Item repec:afa:wpaper:aeri0421 is not listed on IDEAS anymore

• Autor, David & Dorn, David & Hanson, Gordon H., 2021, "On the Persistence of the China Shock," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14804, Oct.
• Jean-Charles Bricongne & Baptiste Meunier & Thomas Pical, 2021, "Can satellite data on air pollution predict industrial production?," Working papers, Banque de France, number 847.
• Item repec:bof:bofrdp:2021_015 is not listed on IDEAS anymore

• Margarita Lopez Forero, 2021, "Marginal Product of Capital under Financial Frictions," Documents de recherche, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne, number 21-03.
• Martina Kirchberger & Keelan Beirne, 2021, "Concrete Thinking About Development," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep0621, Jun.
• Hakan Kara & Cagri Sarikaya, 2021, "Enflasyon dinamiklerindeki değişim: Döviz kuru geçişkenliği güçleniyor mu?," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum, number 2121, Nov.
• Javier Olivera & Philippe Van Kerm, 2021, "Public support for tax policies in COVID-19 times: Evidence from Luxembourg," LISER Working Paper Series, Luxembourg Institute of Socio-Economic Research (LISER), number 2021-10, Nov.
• Radoslaw Kotkowski & Michal Polasik, 2021, "COVID-19 pandemic increases the divide between cash and cashless payment users in Europe," NBP Working Papers, Narodowy Bank Polski, number 339.
• Banti, Chiara & Bose, Udichibarna, 2021, "The Rise of Regional Financial Cycle and Domestic Credit Markets in Asia," Essex Finance Centre Working Papers, University of Essex, Essex Business School, number 31556, Nov.
• Biagio Bossone, 2021, "Exercising Economic Sovereignty in Today's Global Financial World: The Lessons from John Maynard Keynes," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2120, Nov.
• Item repec:ris:msuecw:2021_004 is not listed on IDEAS anymore

• Beetsma, Roel M. W. J. & Komada, Oliwia & Makarski, Krzysztof & Tyrowicz, Joanna, 2021, "The Political (In)Stability of Funded Social Security," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14765, Oct.
• Hugh Rockoff, 2021, "O.M.W. Sprague (the Man Who “Wrote the Book” on Financial Crises) meets the Great Depression," NBER Working Papers, National Bureau of Economic Research, Inc, number 29416, Oct.
• Lima, Pedro G. & Teixeira, Pedro N. & Silva, Sandra T., 2021, "Major Streams in the Economics of Inequality: A Qualitative and Quantitative Analysis of the Literature since 1950s," IZA Discussion Papers, Institute of Labor Economics (IZA), number 14777, Oct.
• Juan Pablo Cuesta Aguirre & Mrs. Swarnali A Hannan, 2021, "Recoveries After Pandemics: The Role of Policies and Structural Features," IMF Working Papers, International Monetary Fund, number 2021/181, Jul.
• Marco Pelosi & Giacomo Rodano & Enrico Sette, 2021, "Zombie firms and the take-up of support measures during Covid-19," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 650, Nov.
• Mr. Alejandro D Guerson, 2021, "Pooling Fiscal Risk in the ECCU: Quantifying Savings of a Regional Fund for Stabilization and Investment," IMF Working Papers, International Monetary Fund, number 2021/191, Jul.
• Charlesworth, Anita & Anderson, Michael & Donaldson, Cam & Johnson, Paul & Knapp, Martin & McGuire, Alistair & McKee, Martin & Mossialos, Elias & Smith, Peter & Street, Andrew & Woods, Michael, 2021, "What is the right level of spending needed for health and care in the UK?," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 110806, May.
• Hancké, Bob & Van Overbeke, Toon & Voss, Dustin, 2022, "Crisis and complementarities: a comparative political economy of economic policies after COVID-19," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 111059, Jun.
• Naurin, Abida & Pourpourides, Panayiotis M., 2021, "On the Causality Between Household and Government Spending on Education: evidence from a panel of 40 countries," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2021/27, Nov.
• Item repec:rim:rimwps:21-22 is not listed on IDEAS anymore

• Ms. Christina Kolerus, 2021, "What Shapes Current Account Adjustment During Recessions?," IMF Working Papers, International Monetary Fund, number 2021/198, Jul.
• Juan Carlos Hatchondo & Mr. Leonardo Martinez & Mr. Francisco Roch, 2021, "Numerical Fiscal Rules for Economic Unions: the Role of Sovereign Spreads," IMF Working Papers, International Monetary Fund, number 2021/196, Jul.
• Guglielmo Maria Caporale & Anamaria Sova & Robert Sova, 2021, "Trade Flows, Private Credit and the Covid-19-Pandemic: Panel Evidence from 35 OECD Countries," CESifo Working Paper Series, CESifo, number 9400.
• Item repec:aei:rpaper:1008577378 is not listed on IDEAS anymore

• Item repec:rza:wpaper:869 is not listed on IDEAS anymore

• Jiang, Zhengyang & Lustig, Heanno & Van Nieuwerburgh, Stijn & Xiaolan, Mindy Z., 2021, "Quantifying U.S. Treasury Investor Optimism," Research Papers, Stanford University, Graduate School of Business, number 3931, Jan.
• Item repec:aei:rpaper:008586461 is not listed on IDEAS anymore

• Graziano Moramarco, 2021, "Financial-cycle ratios and medium-term predictions of GDP: Evidence from the United States," Papers, arXiv.org, number 2111.00822, Nov, revised Jan 2024.
• Item repec:aei:rpaper:1008587533 is not listed on IDEAS anymore

• Oya Celasun & Jungjin Lee & Mr. Mico Mrkaic & Mr. Allan Timmermann, 2021, "An Evaluation of World Economic Outlook Growth Forecasts, 2004–17," IMF Working Papers, International Monetary Fund, number 2021/216, Aug.
• Item repec:aei:rpaper:1008582820 is not listed on IDEAS anymore

Report NEP-MAC-2021-11-29

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: