Report NEP-MAC-2004-02-29

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:

• Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2003. "Does opening a stock exchange increase economic growth?," FRB Atlanta Working Paper 2003-36, Federal Reserve Bank of Atlanta.
• Gersbach, Hans & Hahn, Volker, 2003. "Signalling and Commitment: Monetary versus Inflation Targeting," CEPR Discussion Papers 4151, C.E.P.R. Discussion Papers.
• Sargent, Thomas & Ljungqvist, Lars, 2004. "European Unemployment and Turbulence Revisited in a Matching Model," CEPR Discussion Papers 4183, C.E.P.R. Discussion Papers.
• Mauricio Avella Gómez, 2003. "Antecedentes Históricos de la Deuda Colombiana. El Papel Amortiguador de la Deuda Pública Interna Durante la Gran Depresión, 1929-1934," Borradores de Economia 270, Banco de la Republica de Colombia.
• Daniel A. Tirado & Jordi Pons & Elisenda Paluzie, 2003. "Industrial agglomerations and wage gradients: the Spanish economy in the interwar period (?)," ERSA conference papers ersa03p113, European Regional Science Association.
• Guilherme Carmona, 2004. "Social Norms and Monetary Trading," Macroeconomics 0402030, University Library of Munich, Germany.
• Aksoy, Yunus & Orphanides, Athanasios & Wieland, Volker & Wilcox, David & Small, David, 2003. "A Quantitative Exploration of the Opportunistic Approach to Disinflation," CEPR Discussion Papers 4073, C.E.P.R. Discussion Papers.
• Thomas A. Garrett & Gary A. Wagner & David C. Wheelock, 2005. "A spatial analysis of state banking regulation," Working Papers 2003-044, Federal Reserve Bank of St. Louis.
• Michael D. Bordo & John Landon Lane & Angela Redish, 2004. "Good versus Bad Deflation: Lessons from the Gold Standard Era," NBER Working Papers 10329, National Bureau of Economic Research, Inc.
• Monfort, Alain & Vitale, Giovanni & Rüffer, Rasmus & Renne, Jean-Paul, 2003. "Is Economic Activity in the G7 Synchronized? Common Shocks versus Spillover Effects," CEPR Discussion Papers 4119, C.E.P.R. Discussion Papers.
• Snower, Dennis & Karanassou, Marika & Sala, Hector, 2003. "The European Phillips Curve: Does the NAIRU Exist?," CEPR Discussion Papers 4102, C.E.P.R. Discussion Papers.
• Shujiro Urata, 2004. "The Shift from "Market-led" to "Institution-led" Regional Economic Integration in East Asia in the late 1990s," Discussion papers 04012, Research Institute of Economy, Trade and Industry (RIETI).
• Gerald P. Dwyer & James R. Lothian, 2003. "The economics of international monies," FRB Atlanta Working Paper 2003-37, Federal Reserve Bank of Atlanta.
• Bettina Isengard & Thorsten Schneider, 2004. "The Attitudes towards the Euro: An Empirical Study Based on the German Socio-Economic Panel (SOEP)," Discussion Papers of DIW Berlin 403, DIW Berlin, German Institute for Economic Research.
• Javier Gómez Pineda, 2004. "Inflation Targeting, Sudden Stops and the Cost of Fear of Floating," Borradores de Economia 276, Banco de la Republica de Colombia.
• Spilimbergo, Antonio & Duttagupta, Rupa, 2003. "What Happened to Asian Exports During the Crisis?," CEPR Discussion Papers 4158, C.E.P.R. Discussion Papers.
• Farmer, Roger & Beyer, Andreas, 2003. "On the Indeterminacy of Determinacy and Indeterminacy," CEPR Discussion Papers 4101, C.E.P.R. Discussion Papers.
• Mikhail Golosov & Larry E. Jones & Michele Tertilt, 2004. "Efficiency with endogenous population growth," Working Papers 630, Federal Reserve Bank of Minneapolis.
• Martha Misas Arango & Enrique López Enciso & Diego Vásquez Escobar, 2004. "Tendencias Estocásticas Comunes y Fluctuaciones en la Economía Colombiana: 1950-2002," Borradores de Economia 275, Banco de la Republica de Colombia.
• Persson, Torsten & Roland, Gérard & Tabellini, Guido, 2004. "How do Electoral Rules Shape Party Structures, Government Coalitions and Economic Policies?," CEPR Discussion Papers 4226, C.E.P.R. Discussion Papers.
• Aronsson, Thomas & Markström, Mikael & Sjögren, Tomas, 2004. "Public Provision of Private Goods and Equilibrium Unemployment," Umeå Economic Studies 628, Umeå University, Department of Economics.
• Luisa Decuir-Viruez, 2003. "Institutional Factors in the Economic growth of Mexico," ERSA conference papers ersa03p264, European Regional Science Association.
• Raymond Florax & Henri L.F. De Groot & Reinout Heijungs, 2003. "The Empirical Economic Growth Literature: Robustness, Significance and Size," ERSA conference papers ersa03p540, European Regional Science Association.
• Lavan Mahadeva & Katerina Smidkova, 2004. "Modelling transmission mechanism of monetary policy in the Czech Republic," Macroeconomics 0402032, University Library of Munich, Germany.
• Renström, Thomas I & Marsiliani, Laura & Basu, Parantap, 2004. "Optimal Dynamic Taxation with Indivisible Labour," CEPR Discussion Papers 4190, C.E.P.R. Discussion Papers.
• Myriam Quispe-Agnoli, 2003. "Stabilization programs and policy credibility: Peru in the 1990s," FRB Atlanta Working Paper 2003-40, Federal Reserve Bank of Atlanta.
• Marcet, Albert & Ravn, Morten, 2004. "The HP-Filter in Cross-Country Comparisons," CEPR Discussion Papers 4244, C.E.P.R. Discussion Papers.
• Jordi Pons & Ramon Tremosa-i-Balcells, 2003. "Macroeconomic Effects of Catalan Fiscal Deficit with the Spanish State (2002-2010) (?)," ERSA conference papers ersa03p128, European Regional Science Association.
• Hughes Hallett, Andrew & Demertzis, Maria, 2003. "Three Models of Imperfect Transparency in Monetary Policy," CEPR Discussion Papers 4117, C.E.P.R. Discussion Papers.
• Blanchard, Olivier & Giavazzi, Francesco, 2004. "Improving the SGP Through a Proper Accounting of Public Investment," CEPR Discussion Papers 4220, C.E.P.R. Discussion Papers.
• Rodrik, Dani, 2003. "Growth Strategies," CEPR Discussion Papers 4100, C.E.P.R. Discussion Papers.
• Irmen, Andreas, 2004. "Extensive and Intensive Growth in a Neoclassical Framework," CEPR Discussion Papers 4266, C.E.P.R. Discussion Papers.
• V. V. Chari & Patrick J. Kehoe, 2003. "On the desirability of fiscal constraints in a monetary union," Staff Report 330, Federal Reserve Bank of Minneapolis.
• José Cadima Ribeiro & José Freitas Santos, 2003. "Retail Macro-location Factors: Empirical Evidence from the Portuguese Shopping Centres," ERSA conference papers ersa03p45, European Regional Science Association.
• Sutherland, Alan & Lombardo, Giovanni, 2004. "Policy Instrument Choice and non-coordinated Monetary Policy in Interdependent Economies," CEPR Discussion Papers 4257, C.E.P.R. Discussion Papers.
• Chryssanthi Balomenou, 2003. "The contribution of the European Investment Fund Small Medium Sized Enterprises Guarantee Facility and of the Greek new Institution of SMEs Credit Guarantee Fund to the local Entrepreneurship and gene," ERSA conference papers ersa03p89, European Regional Science Association.
• Sutherland, Alan, 2004. "International Monetary Policy Coordination and Financial Market Integration," CEPR Discussion Papers 4251, C.E.P.R. Discussion Papers.
• William T. Gavin & Athena T. Theodorou, 2004. "A common model approach to macroeconomics: using panel data to reduce sampling error," Working Papers 2003-045, Federal Reserve Bank of St. Louis.
• Zechner, Josef & Stoughton, Neal, 2004. "Optimal Capital Allocation Using RAROC(tm) and EVA," CEPR Discussion Papers 4169, C.E.P.R. Discussion Papers.
• Eduardo J. J. Ganapolsky, 2003. "Reserve requirements, bank runs, and optimal policies in small open economies," FRB Atlanta Working Paper 2003-39, Federal Reserve Bank of Atlanta.
• Gual, Jordi, 2004. "The Integration of EU Banking Markets," CEPR Discussion Papers 4212, C.E.P.R. Discussion Papers.
• Dessein, Wouter & Santos, Tano, 2003. "The Demand for Coordination," CEPR Discussion Papers 4096, C.E.P.R. Discussion Papers.
• Ossama Mikhail, 2004. "No More Rocking Horses: Trading Business-Cycle Depth for Duration Using an Economy-Specific Characteristic," Macroeconomics 0402026, University Library of Munich, Germany.
• Marcin Piatkowski, 2004. "Does ICT Investment Matter for Growth and Labor Productivity in Transition Economies?," Development and Comp Systems 0402008, University Library of Munich, Germany.
• María Paola Figueroa & Javier Gómez Pineda, 2003. "Modelo Mensual de Canales de Transmisión," Borradores de Economia 267, Banco de la Republica de Colombia.
• Simon Gilchrist & Charles P. Himmelberg & Gur Huberman, 2004. "Do stock price bubbles influence corporate investment?," Staff Reports 177, Federal Reserve Bank of New York.
• Nicholas Oulton, 2004. "Investment-specific technological change and growth accounting," Bank of England working papers 213, Bank of England.
• William E. Ginn, 2004. "Policy Assessment of the European Central Bank and the Stability and Growth Pact’s Echo of the Conventional Wisdom on Budget Management," International Finance 0402004, University Library of Munich, Germany.
• Michael Chui & Simon Hall & Ashley Taylor, 2004. "Crisis spillovers in emerging market economies: interlinkages, vulnerabilities and investor behaviour," Bank of England working papers 212, Bank of England.
• Miroslav Hrncir & Katerina Smidkova, 2004. "Inflation targeting in the Czech Republic," Macroeconomics 0402031, University Library of Munich, Germany.
• van der Ploeg, Frederick, 2004. "Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction," CEPR Discussion Papers 4222, C.E.P.R. Discussion Papers.
• Alexander Granberg & Alexander Pelyasov, 2003. "A comparative analysis of the cohesion policy in the Russian Federation and in the European Union," ERSA conference papers ersa03p255, European Regional Science Association.
• Svensson, Lars E.O. & Woodford, Michael, 2004. "Implementing Optimal Policy Through Inflation-Forecast Targeting," CEPR Discussion Papers 4229, C.E.P.R. Discussion Papers.
• Olivier Blanchard, 2004. "The Economic Future of Europe," NBER Working Papers 10310, National Bureau of Economic Research, Inc.
• Kanta Marwah & Akbar Tavakoli, 2004. "The Effect of Foreign Capital and Imports on Economic Growth: Further Evidence from Four Asian Countries," Carleton Economic Papers 04-02, Carleton University, Department of Economics.
• Michael G. Arghyrou, 2004. "Debt Sustainability, Structural Breaks and Non-linear Fiscal Adjustment: A Testing Application to Greek Fiscal Policy," Public Policy Discussion Papers 04-01, Economics and Finance Section, School of Social Sciences, Brunel University.
• Driffill, John & Rotondi, Zeno, 2004. "Monetary Policy and Lexicographic Preference Ordering," CEPR Discussion Papers 4247, C.E.P.R. Discussion Papers.
• Césaire Meh & Kevin Moran, 2004. "Bank Capital, Agency Costs, and Monetary Policy," Staff Working Papers 04-6, Bank of Canada.
• Claudio Dos Santos & Gennaro Zezza, 2004. "A Post-Keynesian Stock-Flow Consistent Macroeconomic Growth," Macroeconomics 0402027, University Library of Munich, Germany.
• Jon R. Moen & Ellis W. Tallman, 2003. "The call loan market in the U.S. financial system prior to the Federal Reserve System," FRB Atlanta Working Paper 2003-43, Federal Reserve Bank of Atlanta.
• Michel, Philippe & Pestieau, Pierre, 2004. "Fiscal Policy with Agents Differing in Altruism and in Ability," CEPR Discussion Papers 4254, C.E.P.R. Discussion Papers.
• Charles T. Carlstrom & Timothy S. Fuerst, 2003. "Comments on backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability," Working Papers (Old Series) 0319, Federal Reserve Bank of Cleveland.
• Adam, Klaus & Billi, Roberto, 2003. "Optimal Monetary Policy Under Commitment with a Zero Bound on Nominal Interest Rates," CEPR Discussion Papers 4111, C.E.P.R. Discussion Papers.
• Van den Berg, Gerard & Lindeboom, Maarten & Portrait, France, 2004. "Individual Mortality and Macroeconomic Conditions from Birth to Death," CEPR Discussion Papers 4200, C.E.P.R. Discussion Papers.
• Chadha, Jagjit S & Sarno, Lucio & Valente, Giorgio, 2003. "Monetary Policy Rules, Asset Prices and Exchange Rates," CEPR Discussion Papers 4114, C.E.P.R. Discussion Papers.
• Andres Rodríguez-Pose & Ugo Fratesi, 2003. "Regional economic cycles and the emergence of sheltered economies in the periphery of the EU," ERSA conference papers ersa03p189, European Regional Science Association.
• Christopher J. Neely & Drew B. Winters, 2005. "Year-end seasonality in one-month LIBOR derivatives," Working Papers 2003-040, Federal Reserve Bank of St. Louis.
• M. Carmen Lima Díaz & Manuel Alejandro Cardenete Flores & José Vallés Ferrer, 2003. "Structural Path Analysis: Applications to Structural Changes in the Andalusian economy (1990-1999)," ERSA conference papers ersa03p109, European Regional Science Association.
• Trifon Kostopoulos, 2003. "The European Monetary Union and the Regional Inequalities (?)," ERSA conference papers ersa03p79, European Regional Science Association.
• Zenou, Yves, 2003. "Efficiency Wages, Urban Unemployment and Housing Consumption," CEPR Discussion Papers 4153, C.E.P.R. Discussion Papers.
• Claudio H. Dos Santos, 2004. "A Stock-Flow Consistent General Framework for Minskyan Analysis of Closed Economics," Macroeconomics 0402028, University Library of Munich, Germany.
• Michael Kremer & Edward Miguel, 2004. "The Illusion of Sustainability," NBER Working Papers 10324, National Bureau of Economic Research, Inc.
• Andrew Bauer & Nicholas Haltom & Juan F. Rubio-Ramirez, 2003. "Using the Kalman filter to smooth the shocks of a dynamic stochastic general equilibrium model," FRB Atlanta Working Paper 2003-32, Federal Reserve Bank of Atlanta.
• Sergio Clavijo & Carlos Varela, 2003. "Flotación Cambiaria y Esterilización Monetaria: La Experiencia de Colombia," Borradores de Economia 256, Banco de la Republica de Colombia.
• Miguel Delfiner, 2004. "Patrones de Fluctuación de la curva de rendimientos en Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 259, Universidad del CEMA.
• George Petrakos & Andres Rodríguez-Pose & Antonis Rovolis, 2003. "Growth, Integration and Regional Inequality in Europe," ERSA conference papers ersa03p46, European Regional Science Association.
• Dellas, Harris, 2003. "The Informational Role of the Business Cycle," CEPR Discussion Papers 4076, C.E.P.R. Discussion Papers.
• Lawrence J. Christiano & Roberto Motto & Massimo Rostagno, 2004. "The Great Depression and the Friedman-Schwartz hypothesis," Working Papers (Old Series) 0318, Federal Reserve Bank of Cleveland.
• Buiter, Willem, 2004. "Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap," CEPR Discussion Papers 4202, C.E.P.R. Discussion Papers.
• Scott L. Baier & Charles T. Carlstrom & Ralph Chami & Thomas F. Cosimano & Timothy S. Fuerst & Connel R. Fullenkamp, 2003. "Capital trading, stock trading, and the inflation tax on equity: a note," Working Papers (Old Series) 0321, Federal Reserve Bank of Cleveland.
• Luis Eduardo Arango & María Angélica Arosemena, 2003. "El Tramo Corto de la Estructura a Plazo como predictor de Expectativas de Inflación en Colombia," Borradores de Economia 264, Banco de la Republica de Colombia.
• Svensson, Lars E.O., 2004. "Optimal Policy with Low-Probability Extreme Events," CEPR Discussion Papers 4218, C.E.P.R. Discussion Papers.
• Domenico Campisi & Maria Assunta Barchiesi & Carlo Tesauro, 2003. "Does Knowledge Trade Create Growth Everywhere? Questions and Reply from a Cross-Country Comparison," ERSA conference papers ersa03p303, European Regional Science Association.
• Lippi, Francesco & Neri, Stefano, 2003. "Information Variables for Monetary Policy in a Small Structural Model of the Euro Area," CEPR Discussion Papers 4125, C.E.P.R. Discussion Papers.
• Item repec:cla:uclaol:287 is not listed on IDEAS anymore

• Weder, Mark, 2004. "A Heliocentric Journey into Germany's Great Depression," CEPR Discussion Papers 4191, C.E.P.R. Discussion Papers.
• Gerald Curtis, 2004. "Japanese Political Parties: Ideals and Reality," Discussion papers 04005, Research Institute of Economy, Trade and Industry (RIETI).
• John H. Boyd & Bruce A. Champ, 2003. "Inflation and financial market performance: what have we learned in the last ten years?," Working Papers (Old Series) 0317, Federal Reserve Bank of Cleveland.
• Alexander Granberg & Ioulia Zaitseva, 2003. "Macroeconomy of the Russian regions ? neighboring with the New European Union," ERSA conference papers ersa03p88, European Regional Science Association.
• Razin, Assaf, 2004. "Aggregate Supply and Potential Output," CEPR Discussion Papers 4217, C.E.P.R. Discussion Papers.
• Driffill, John & Sola, Martin & Kenc, Turalay & Spagnolo, Fabio, 2004. "On Model Selection and Markov Switching: A Empirical Examination of Term Structure Models with Regime Shifts," CEPR Discussion Papers 4165, C.E.P.R. Discussion Papers.
• Devereux, Michael B, 2003. "Exchange Rate Policy and Endogenous Price Flexibility," CEPR Discussion Papers 4121, C.E.P.R. Discussion Papers.
• Daniel Mejía & Carlos Posada, 2003. "Capital Destruction, Optimal Defense and Economic Growth," Borradores de Economia 257, Banco de la Republica de Colombia.
• Farmer, Roger & Beyer, Andreas, 2003. "Identifying the Monetary Transmission Mechanism Using Structural Breaks," CEPR Discussion Papers 4106, C.E.P.R. Discussion Papers.
• Juan R. Cuadrado-Roura & Carlos Iglesias & Raquel Llorente & Estela Barriopedro, 2003. "Patterns of Fluctuation of Employment in the European Union: National Cycles and Effects of Tertiarization," ERSA conference papers ersa03p459, European Regional Science Association.
• José Pablo Dapena, 2004. "Absorción de shocks en economías volátiles: Ahorro a través de acciones en mercados de capitales. Caso argentino 1993-2001," CEMA Working Papers: Serie Documentos de Trabajo. 257, Universidad del CEMA.
• Lippi, Francesco & Fuchs, William, 2003. "Monetary Union with Voluntary Participation," CEPR Discussion Papers 4122, C.E.P.R. Discussion Papers.
• Koskela, Erkki & Stenbacka, Rune, 2004. "Profit Sharing, Credit Market Imperfections and Equilibrium Unemployment," IZA Discussion Papers 1020, Institute of Labor Economics (IZA).
• Honkapohja, Seppo & Mitra, Kaushik, 2003. "Performance of Inflation Targeting Based on Constant Interest Rate Projections," CEPR Discussion Papers 4126, C.E.P.R. Discussion Papers.
• Jesús Fernández-Villaverde & Juan F. Rubio-Ramirez, 2003. "Some results on the solution of the neoclassical growth model," FRB Atlanta Working Paper 2003-34, Federal Reserve Bank of Atlanta.
• Charles T. Carlstrom & Timothy S. Fuerst, 2003. "Investment and interest rate policy: a discrete time analysis," Working Papers (Old Series) 0320, Federal Reserve Bank of Cleveland.