Report NEP-MAC-2022-01-17

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:

• Alan J. Auerbach & Yuriy Gorodnichenko & Peter McCrory & Daniel Murphy, 2021, "Fiscal Multipliers in the COVID19 Recession," NBER Working Papers, National Bureau of Economic Research, Inc, number 29531, Dec.
• Christian K. Wolf, 2021, "The Missing Intercept: A Demand Equivalence Approach," NBER Working Papers, National Bureau of Economic Research, Inc, number 29558, Dec.
• Martina Cecioni & Adriana Grasso & Alessandro Notarpietro & Massimiliano Pisani, 2021, "Revisiting monetary policy objectives and strategies: international experience and challenges from the ELB," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 660, Dec.
• Mitra, Aruni, 2021, "The Productivity Puzzle and the Decline of Unions," MPRA Paper, University Library of Munich, Germany, number 110961, Oct.
• Goodhart, C. A. E. & Peiris, M. U. & Tsomocos, Dimitrios P & Wang, Xuan, 2021, "Corporate legacy debt, inflation, and the efficacy of monetary policy," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 112955, Dec.
• James Dean & Scott Schuh, 2021, "Is the Taylor Rule Still an Adequate Representation of Monetary Policy in Macroeconomic Models?," Working Papers, Department of Economics, West Virginia University, number 21-05, Dec.
• William Gamber & James Graham & Anirudh Yadav, 2021, "Stuck at home: Housing demand during the COVID- 19 pandemic," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2021-97, Dec.
• Hinterlang, Natascha & Moyen, Stéphane & Röhe, Oke & Stähler, Nikolai, 2021, "Gauging the effects of the German COVID-19 fiscal stimulus package," Discussion Papers, Deutsche Bundesbank, number 43/2021.
• Lena Dräger & Michael J. Lamla & Damjan Pfajfar, 2021, "The Hidden Heterogeneity of Inflation and Interest Rate Expectations: The Role of Preferences," Working Paper Series in Economics, University of Lüneburg, Institute of Economics, number 402, May.
• Benjamin Gardner & Chiara Scotti & Clara Vega, 2021, "Words Speak as Loudly as Actions: Central Bank Communication and the Response of Equity Prices to Macroeconomic Announcements," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-074, Nov, DOI: 10.17016/FEDS.2021.074.
• Chakraborty, Lekha S & S, Harikrishnan, 2021, "Covid 19 and Fiscal-Monetary Policy Co-ordination: Empirical Evidence from India," MPRA Paper, University Library of Munich, Germany, number 111230, Aug.
• Koenig, Philipp J. & Schliephake, Eva, 2021, "Bank risk-taking and impaired monetarypolicy transmission," Discussion Papers, Deutsche Bundesbank, number 42/2021.
• William L. Gamber, 2021, "Entry, Variable Markups, and Business Cycles," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-077, Dec, DOI: 10.17016/FEDS.2021.077.
• Iseringhausen, Martin & Petrella, Ivan & Theodoridis, Konstantinos, 2021, "Aggregate Skewness and the Business Cycle," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2021/30, Dec.
• Enrique Alberola & Carlos Cantú & Paolo Cavallino & Nikola Mirkov, 2022, "Fiscal regimes and the exchange rate," Working Papers, Swiss National Bank, number 2022-01.
• Ozili, Peterson K, 2021, "Central bank digital currency can lead to the collapse of cryptocurrency," MPRA Paper, University Library of Munich, Germany, number 111218.
• Collard, Fabrice & Boissay, Frédéric & Galì, Jordi & Manea, Cristina, 2021, "Monetary Policy and Endogenous Financial Crises," TSE Working Papers, Toulouse School of Economics (TSE), number 21-1277, Dec, revised Apr 2023.
• Jorge E. Galán, 2021, "CREWS: a CAMELS-based early warning system of systemic risk in the banking sector," Occasional Papers, Banco de España, number 2132, Nov.
• Ozili, Peterson K, 2022, "Central bank digital currency research around the World: a review of literature," MPRA Paper, University Library of Munich, Germany, number 111389, Jan.
• Galip Kemal Ozhan, 2021, "News-Driven International Credit Cycles," Staff Working Papers, Bank of Canada, number 21-66, Dec, DOI: 10.34989/swp-2021-66.
• Michael J. Fleming & Haoyang Liu & Rich Podjasek & Jake Schurmeier, 2021, "The Federal Reserve’s Market Functioning Purchases," Staff Reports, Federal Reserve Bank of New York, number 998, Dec.
• Lutz Kilian & Xiaoqing Zhou, 2021, "The Impact of Rising Oil Prices on U.S. Inflation and Inflation Expectations in 2020-23," CESifo Working Paper Series, CESifo, number 9455.
• Daniel H. Cooper & Giovanni P. Olivei, 2021, "High-Frequency Spending Responses to Government Transfer Payments," Working Papers, Federal Reserve Bank of Boston, number 21-10, Nov, DOI: 10.29412/res.wp.2021.10.
• Item repec:ocp:ppaper:pb21-29 is not listed on IDEAS anymore

• Guilherme Spinato Morlin, 2021, "Growth led by government expenditure and exports: public and external debt stability in a supermultiplier model," Department of Economics University of Siena, Department of Economics, University of Siena, number 862, Oct.
• Tobias Broer & Karl Harmenberg & Per Krusell & Erik Öberg, 2021, "Macroeconomic Dynamics with Rigid Wage Contracts," NBER Working Papers, National Bureau of Economic Research, Inc, number 29540, Dec.
• Karau, Sören, 2021, "Monetary policy and Bitcoin," Discussion Papers, Deutsche Bundesbank, number 41/2021.
• International Monetary Fund, 2021, "Suriname: Request for an Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Suriname," IMF Staff Country Reports, International Monetary Fund, number 2021/280, Dec.
• Adam Tooze, 2021, "Debating Central Bank Mandates," Working Papers, Forum New Economy, number 1, Dec.
• Kokkinen, Arto & Obstbaum, Meri & Mäki-Fränti, Petri, 2021, "Bank of Finland's long-run forecast framework with human capital," BoF Economics Review, Bank of Finland, number 10/2021.
• Ogawa, Toshiaki, 2022, "Regulating Credit Booms from Micro and Macro Perspectives," MPRA Paper, University Library of Munich, Germany, number 111378, Jan.
• Michael J. Lamla & Dmitri V. Vinogradov, 2021, "Is the Word of a Gentleman as Good as His Tweet? Policy communications of the Bank of England," Working Paper Series in Economics, University of Lüneburg, Institute of Economics, number 403, May.
• Parla, Fabio, 2021, "Financial Market Turbulence and Macro-Financial Developments in Ireland: a Mixed Data Sampling (MIDAS) Approach," Research Technical Papers, Central Bank of Ireland, number 7/RT/21, Sep.
• International Monetary Fund, 2021, "Kenya: 2021 Article IV Consultation; Second Reviews Under the Extended Arrangement Under the Extended Fund Facility and Under the Arrangement Under the Extended Credit Facility, and requests for Modifications of Performance Criteria and Structural Co," IMF Staff Country Reports, International Monetary Fund, number 2021/275, Dec.
• AITOUTOUHEN, latifa, 2021, "Study of the Socio-Economic Impact of the COVID-19 Crisis in Morocco," MPRA Paper, University Library of Munich, Germany, number 111114, Dec, revised 15 Dec 2021.
• Effrosyni Adamopoulou & Francesco Manaresi & Omar Rachedi & Emircan Yurdagul, 2022, "Minimum Wages and Insurance Within the Firm," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2022_326, Jan.
• Byrne, David & Zekaite, Zivile, 2021, "An Overview of Inflation Developments," Economic Letters, Central Bank of Ireland, number 7/EL/21, Nov.
• Saygin Cevik & Dilan Teber, 2021, "The Determinants of Consumer Cash Usage in Turkey," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2135.
• Falk Bräuning & José Fillat & Gustavo Joaquim, 2021, "Corporate Finance and the Transmission of Shocks to the Real Economy," Working Papers, Federal Reserve Bank of Boston, number 21-18, Nov, DOI: 10.29412/res.wp.2021.18.
• Item repec:hal:wpaper:hal-03479679 is not listed on IDEAS anymore

• Frank Schorfheide & Dongho Song, 2021, "Real-Time Forecasting with a (Standard) Mixed-Frequency VAR During a Pandemic," NBER Working Papers, National Bureau of Economic Research, Inc, number 29535, Dec.
• Maxfield, Sean, 2021, "Anti-Meritocratic Economics in the Contemporary Era: The Issues with the Neoclassical Theory," MPRA Paper, University Library of Munich, Germany, number 111152, Dec.
• Despina Gavresi & Anastasia Litina, 2021, "Past Exposure to Macroeconomic Shocks and Populist Attitudes in Europe," CESifo Working Paper Series, CESifo, number 9451.
• Benalal, Nicholai & Freier, Maximilian & Melyn, Wim & Van Parys, Stefan & Reiss, Lukas, 2022, "Towards a single fiscal performance indicator," Occasional Paper Series, European Central Bank, number 288, Jan.
• Guilherme Spinato Morlin, 2021, "Inflation and conflicting claims in the open economy," Department of Economics University of Siena, Department of Economics, University of Siena, number 863, Oct.
• Faisanos, Apostolos & Lydon, Reamonn, 2021, "Do households with debt cut back their consumption more in response to shocks?," Research Technical Papers, Central Bank of Ireland, number 8/RT/21, Nov.
• Valentin Jouvanceau, 2021, "The Effect of the Euro Changeover on Prices: Evidence from Lithuania," Bank of Lithuania Working Paper Series, Bank of Lithuania, number 93, Oct.
• Charles M. Kahn & Maarten van Oordt & Yu Zhu, 2021, "Best Before? Expiring Central Bank Digital Currency and Loss Recovery," Staff Working Papers, Bank of Canada, number 21-67, Dec, DOI: 10.34989/swp-2021-67.
• Bichler, Shimshon & Nitzan, Jonathan, 2021, "Steve Keen's The New Economics: A Manifesto," Working Papers on Capital as Power, Capital As Power - Toward a New Cosmology of Capitalism, number 2021/07.
• Ibrahim A. Adekunle & Olumuyiwa G. Yinusa & Tolulope O. Williams & Rahmon A. Folami, 2021, "On the Determinant of Financial Development in Africa: Geography, Institutions and Macroeconomic Policy Relevance," Research Africa Network Working Papers, Research Africa Network (RAN), number 21/054, Jan.
• Laura Auria & Markus Bingmer & Carlos Mateo Caicedo Graciano & Clémence Charavel & Sergio Gavilá & Alessandra Iannamorelli & Aviram Levy & Alfredo Maldonado & Florian Resch & Anna Maria Rossi & Stepha, 2021, "Overview of central banks’ in-house credit assessment systems in the euro area," Occasional Papers, Banco de España, number 2131, Nov.
• Friedrich, Benjamin & Laun, Lisa & Meghir, Costas, 2021, "Earnings dynamics of immigrants and natives in Sweden 1985–2016," Working Paper Series, IFAU - Institute for Evaluation of Labour Market and Education Policy, number 2021:15, Nov.
• John Carter Braxton & Kyle F. Herkenhoff & Jonathan Rothbaum & Lawrence Schmidt, 2021, "Changing Income Risk across the US Skill Distribution: Evidence from a Generalized Kalman Filter," Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis, number 55, Dec, DOI: 10.21034/iwp.55.
• Gustavo Joaquim & Felipe Netto, 2021, "Bank Incentives and the Effect of the Paycheck Protection Program," Working Papers, Federal Reserve Bank of Boston, number 21-15, Oct, DOI: 10.29412/res.wp.2021.15.
• Oliver de Groot & Alexander Haas, 2021, "The signalling channel of negative interest rates," Economics Series Working Papers, University of Oxford, Department of Economics, number 956 JEL classification: E, Dec.
• Yusuf, Ismaila Akanni & Salaudeen, Mohammed Bashir & Agbonrofo, Hope, 2021, "Social and Economic Drivers of Stock Market Performance in Nigeria," MPRA Paper, University Library of Munich, Germany, number 111086, Oct.
• Simplice A. Asongu & Christelle Meniago & Raufhon Salahodjaev, 2021, "The role of value added across economic sectors in modulating the effects of FDI on TFP and economic growth dynamics," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 21/088, Jan.
• Simplice A. Asongu & Christelle Meniago & Raufhon Salahodjaev, 2021, "The role of value added across economic sectors in modulating the effects of FDI on TFP and economic growth dynamics," Working Papers of the African Governance and Development Institute., African Governance and Development Institute., number 21/088, Jan.
• Falk Bräuning & Viacheslav Sheremirov, 2021, "The Transmission Mechanisms of International Business Cycles: Output Spillovers through Trade and Financial Linkages," Working Papers, Federal Reserve Bank of Boston, number 21-13, Oct, DOI: 10.29412/res.wp.2021.13.
• Gustavo Joaquim & Felipe Netto, 2021, "Optimal Allocation of Relief Funds: The Case of the Paycheck Protection Program," Working Papers, Federal Reserve Bank of Boston, number 21-16, Oct, DOI: 10.29412/res.wp.2021.16.
• Nikolova, Irena, 2021, "Impact of Covid Pandemic on Foreign Exchange Reserves," MPRA Paper, University Library of Munich, Germany, number 111261, revised 2021.
• M. Ayhan Kose & Peter Nagle & Franziska Ohnsorge & Naotaka Sugawara, 2021, "What has been the impact of COVID-19 on debt? Turning a wave into a tsunami," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2021-99, Dec.
• Gita Gopinath & Oleg Itskhoki, 2021, "Dominant Currency Paradigm: A Review," NBER Working Papers, National Bureau of Economic Research, Inc, number 29556, Dec.
• Rangel González Erick & Llamosas-Rosas Irving, 2021, "Observing the Evolution of the Informal Sector from Space: A Municipal Approach 2013-2020," Working Papers, Banco de México, number 2021-18, Dec.
• Rahman, Abdurrahman Arum, 2022, "A Decentralized Central Bank Digital Currency," MPRA Paper, University Library of Munich, Germany, number 111361, Jan.
• Dhruv Rawat & Sujay Patni & Ram Mehta, 2021, "Stock prices and Macroeconomic indicators: Investigating a correlation in Indian context," Papers, arXiv.org, number 2112.08071, Dec, revised Feb 2022.
• Antonio Acconcia & Elisa Scarinzi, 2022, "The Effects of Local Demand and Supply Restrictions on Markup," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 635, Jan, revised 17 Mar 2022.
• Issing, Otmar, 2021, "Central banks - independent or almighty?," SAFE Policy Letters, Leibniz Institute for Financial Research SAFE, number 92.
• DI BARTOLOMEO, Giovanni & D'IMPERIO, Paolo & FELICI, Francesco, 2021, "The fiscal response to the Italian COVID-19 crisis: A counterfactual analysis," Working Papers, University of Antwerp, Faculty of Business and Economics, number 2021006, Dec.
• Deni Irawan & Tatsuyoshi Okimoto, 2021, "Macro Uncertainties and Tests of Capital Structure Theories across Renewable and Non-Renewable Resource Companies," LPEM FEBUI Working Papers, LPEM, Faculty of Economics and Business, University of Indonesia, number 202168, revised 2021.
• Toman Barsbai & Andreas Steinmayr & Christoph Winter, 2022, "Immigrating into a Recession: Evidence from Family Migrants to the U.S," Working Papers, Faculty of Economics and Statistics, Universität Innsbruck, number 2022-01, Jan.
• Neville Arjani & Fuchun Li & Zhentong Lu, 2021, "Quantifying the Economic Benefits of Payments Modernization: the Case of the Large-Value Payment System," Staff Working Papers, Bank of Canada, number 21-64, Dec, DOI: 10.34989/swp-2021-64.
• Jiaqi Li, 2021, "Predicting the Demand for Central Bank Digital Currency: A Structural Analysis with Survey Data," Staff Working Papers, Bank of Canada, number 21-65, Dec, DOI: 10.34989/swp-2021-65.
• Kosteas, Vasilios D. & Renna, Francesco & Scicchitano, Sergio, 2022, "Covid-19 and Working from Home: toward a "new normal"?," GLO Discussion Paper Series, Global Labor Organization (GLO), number 1013.
• Javier Olivera & Philippe Van Kerm, 2022, "Public support for tax policies in COVID-19 times: Evidence from Luxembourg," Working Papers, ECINEQ, Society for the Study of Economic Inequality, number 597, Jan.
• Stungwa, Sanele & Tozamile, Siphuxolo, 2021, "Testing Okun’s law in South Africa," MPRA Paper, University Library of Munich, Germany, number 110936, Nov.
• Jiequn Han & Yucheng Yang & Weinan E, 2021, "DeepHAM: A Global Solution Method for Heterogeneous Agent Models with Aggregate Shocks," Papers, arXiv.org, number 2112.14377, Dec, revised Feb 2022.
• Alexandra Stanczyk & Dana Rotz & Erin Welch & Andrei Streke, , "What Works During Economic Recessions and Recoveries? Evidence From the Pathways Clearinghouse," Mathematica Policy Research Reports, Mathematica Policy Research, number 35b4d568891a44fd809883130.
• Christian Aubin, 2021, "Financialization And Income Velocity Of Money
  [Financiarisation et vitesse de circulation de la monnaie]," Working Papers, HAL, number hal-03494603, Dec.
• Tasso Adamopoulos & Loren Brandt & Chaoran Chen & Diego Restuccia & Xiaoyun Wei, 2022, "Land Security and Mobility Frictions," Working Papers, University of Toronto, Department of Economics, number tecipa-717, Jan.
• Luis Fernando Melo-Velandia & Camilo Andrés Orozco-Vanegas & Daniel Parra-Amado, 2022, "Extreme weather events and high Colombian food prices: A non-stationary extreme value approach," Borradores de Economia, Banco de la Republica de Colombia, number 1189, Jan, DOI: 10.32468/be.1189.
• Hlongwane, Nyiko Worship & Daw, Olebogeng David, 2021, "An increase of electricity generation can lead to economic growth in South Africa," MPRA Paper, University Library of Munich, Germany, number 111018, Dec.
• Altavilla, Carlo & Ellul, Andrew & Pagano, Marco & Polo, Andrea & Vlassopoulos, Thomas, 2021, "Loan guarantees, bank lending and credit risk reallocation," CFS Working Paper Series, Center for Financial Studies (CFS), number 672.
• Paulie, Charlotte, 2021, "Labor-share dynamics -The role of import competition," Working Paper Series, IFAU - Institute for Evaluation of Labour Market and Education Policy, number 2021:13, Oct.
• Juan C. Córdoba & Anni T. Isojärvi & Haoran Li, 2021, "Equilibrium Unemployment: The Role of Discrimination," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-080, Dec, DOI: 10.17016/FEDS.2021.080.
• Davide Melcangi & Javier Turen, 2021, "Subsidizing Startups under Imperfect Information," Staff Reports, Federal Reserve Bank of New York, number 995, Dec.
• John Michael, Riveros-Gavilanes, 2020, "Estimating the Social Welfare Function of Amartya Sen for Latin America," MPRA Paper, University Library of Munich, Germany, number 111268, Jun, revised 08 Feb 2021.
• Hlongwane, Nyiko Worship & Mmutle, Tumelo Donald & Daw, Olebogeng David, 2021, "The relationship between foreign direct investment and economic growth in SADC region from 2000 to 2019: An econometric view," MPRA Paper, University Library of Munich, Germany, number 111008, Dec.
• Manuel David Cruz & Ashish Kumar Sedai, 2021, "The effect of corruption on foreign direct investment in natural resources: A Latin American case study," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2021-98, Dec.
• Li, Shiyuan, 2021, "Corporate performance under air pollution control: Evidence from “Atmosphere Ten Articles” Policy," MPRA Paper, University Library of Munich, Germany, number 110974, Jun.

Report NEP-MAC-2022-01-17

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: