Report NEP-MAC-2016-02-12

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:

• Correia, Isabel & De Fiore, Fiorella & Teles, Pedro & Tristani, Oreste, 2016. "Credit subsidies," Working Paper Series 1877, European Central Bank.
• Wei, Shang-Jin & Han, Xuehui, 2016. "International Transmissions of Monetary Shocks," CEPR Discussion Papers 11070, C.E.P.R. Discussion Papers.
• Violante, Giovanni & Kaplan, Greg & Moll, Benjamin, 2016. "Monetary Policy According to HANK," CEPR Discussion Papers 11068, C.E.P.R. Discussion Papers.
• Corsetti, Giancarlo & Brendon, Charles, 2016. "COEURE Survey: Fiscal and Monetary Policies after the Crises," CEPR Discussion Papers 11088, C.E.P.R. Discussion Papers.
• Manovskii, Iourii & Hagedorn, Marcus & Mitman, Kurt, 2016. "The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?," CEPR Discussion Papers 11060, C.E.P.R. Discussion Papers.
• Benigno, Gianluca & Fornaro, Luca, 2016. "Stagnation Traps," CEPR Discussion Papers 11074, C.E.P.R. Discussion Papers.
• Gianluca Benigno & Luca Fornaro, 2015. "Stagnation Traps," Discussion Papers 1606, Centre for Macroeconomics (CFM), revised Dec 2015.
• Yashiv, Eran, 2016. "Aggregate Hiring and the Value of Jobs Along the Business Cycle," CEPR Discussion Papers 11076, C.E.P.R. Discussion Papers.
• Gabaix, Xavier, 2015. "Behavioral Macroeconomics Via Sparse Dynamic Programming," CEPR Discussion Papers 11026, C.E.P.R. Discussion Papers.
• Daniel Schaefer & Carl A. Singleton, 2016. "Unemployment and econometric learning," Edinburgh School of Economics Discussion Paper Series 267, Edinburgh School of Economics, University of Edinburgh.
• Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2016. "A simple model of subprime borrowers and credit growth," Staff Reports 766, Federal Reserve Bank of New York.
• Tambalotti, Andrea & Primiceri, Giorgio & Justiniano, Alejandro, 2016. "A Simple Model of Subprime Borrowers and Credit Growth," CEPR Discussion Papers 11083, C.E.P.R. Discussion Papers.
• M. Ali Choudhary & Saima Mahmood & Gylfi Zoega, 2015. "Informal Labour Markets in Pakistan," BCAM Working Papers 1504, Birkbeck Centre for Applied Macroeconomics.
• Guiso, Luigi & Pistaferri, Luigi & Fagereng, Andreas & Malacrino, Davide, 2016. "Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality," CEPR Discussion Papers 11047, C.E.P.R. Discussion Papers.
• Robert C. Dent & Fatih Karahan & Benjamin Pugsley & Ayşegül Şahin, 2016. "The role of start-ups in structural transformation," Staff Reports 762, Federal Reserve Bank of New York.
• Christophe André, 2016. "Household debt in OECD countries: Stylised facts and policy issues," OECD Economics Department Working Papers 1277, OECD Publishing.
• Pia Hüttl & Dirk Schoenmaker, 2016. "Should the ‘outs’ join the European banking union?," Policy Contributions 12165, Bruegel.
• Violante, Giovanni & Topa, Giorgio & Sahin, Aysegul & Patterson, Christina, 2016. "Working Hard in the Wrong Place: A Mismatch-Based Explanation to the UK Productivity Puzzle," CEPR Discussion Papers 11055, C.E.P.R. Discussion Papers.
• Gerlach, Stefan & Kugler, Peter, 2015. "Money demand under free banking: Switzerland 1851-1906," CEPR Discussion Papers 11029, C.E.P.R. Discussion Papers.
• Mauro Bambi & Alain Venditti, 2016. "Time-varying Consumption Tax, Productive Government Spending, and Aggregate Instability," Discussion Papers 16/01, Department of Economics, University of York.
• Kamiar Mohaddes & Mehdi Raissi, 2016. "The U.S. oil supply revolution and the global economy," Globalization Institute Working Papers 263, Federal Reserve Bank of Dallas.
• Florian Huber & Maria Teresa Punzi, 2016. "International Housing Markets, Unconventional Monetary Policy and the Zero Lower Bound," Department of Economics Working Papers wuwp216, Vienna University of Economics and Business, Department of Economics.
• Jin Cheng & Meixing Dai & Frédéric Dufourt, 2016. "Banking Crisis, Moral Hazard and Fiscal Policy Responses," Working Papers of BETA 2016-06, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Valeri Sorolla & José Ramón García, 2015. "When is there more employment, with individual or collective wage setting?," Working Papers 853, Barcelona School of Economics.
• Mitman, Kurt, 2016. "Macroeconomic Effects of Bankruptcy and Foreclosure Policies," CEPR Discussion Papers 11043, C.E.P.R. Discussion Papers.
• Ronald McDonald & Xuxin Mao, 2016. "Japan's Currency Intervention Regimes: A Microstructural Analysis with Speculation and Sentiment," Working Papers 2016_06, Business School - Economics, University of Glasgow.
• Saleheen, Jumana & Imbs, Jean & Cesa-Bianchi, Ambrogio, 2016. "Finance and Synchronization," CEPR Discussion Papers 11037, C.E.P.R. Discussion Papers.
• Hartwig Lojsch, Dagmar & Dias, Jorge Diz & Pérez, Asier Cornejo, 2015. "New and timely statistical indicators on government debt securities," Statistics Paper Series 08, European Central Bank.
• Wensheng Kang & Ronald A. Ratti & Joaquin L. Vespignani, 2016. "The implications of liquidity expansion in China for the US dollar," Globalization Institute Working Papers 264, Federal Reserve Bank of Dallas.
• Andreas Brunhart, 2015. "The Swiss Business Cycle and the Lead of Small Neighbor Liechtenstein," Arbeitspapiere 51, Liechtenstein-Institut.
• Iancu, Aurel & Olteanu, Dan, 2015. "Fiscal Consolidation by Austerity and EU Surveillance Policies," Working Papers of National Institute for Economic Research 151209, Institutul National de Cercetari Economice (INCE).
• Nadja König, 2016. "Personal Insolvency Dynamics in Germany and the UK -- A SUR-TAR Approach," Macroeconomics and Finance Series 201602, University of Hamburg, Department of Socioeconomics.
• Mark Setterfield & Yun K. Kim, 2016. "Household Borrowing and the Possibility of ``Consumption-Driven, Profit-Led Growth’’," Working Papers 2016_01, University of Massachusetts Boston, Economics Department.
• Olivier J. Blanchard, 2016. "The US Phillips Curve: Back to the 60s?," Policy Briefs PB16-1, Peterson Institute for International Economics.
• Alexandros Kontonikas & Paulo Maio & Zivile Zekaite, 2016. "Monetary Policy and Corporate Bond Returns," Working Papers 2016_05, Business School - Economics, University of Glasgow.
• Bahaj, Saleem & Foulis, Angus, 2016. "Macroprudential policy under uncertainty," Bank of England working papers 584, Bank of England.
• Paul J.J. Welfens, 2016. "Schumpeterian Macroeconomic Production Function for Open Economies: A New Endogenous Knowledge and Output Analysis," EIIW Discussion paper disbei211, Universitätsbibliothek Wuppertal, University Library.
• Jung-Hyun Ahn & Vincent Bignon & Régis Breton & Antoine Martin, 2016. "Liquidity, Collateral Quality, and Negative Interest Rate," Staff Reports 763, Federal Reserve Bank of New York.
• Giovanni Caggiano & Efrem Castelnuovo & Nicolas Groshenny, 2015. "Uncertainty Shocks and Unemployment Dynamics in U.S. Recessions," Department of Economics - Working Papers Series 1195, The University of Melbourne.
• Kose, M. Ayhan & Didier, Tatiana & Ohnsorge, Franziska & Ye, Lei (Sandy), 2016. "Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?," CEPR Discussion Papers 11065, C.E.P.R. Discussion Papers.
• Enrique Alberola-Ila & Iván Kataryniuk & Ángel Melguizo & René Orozco, 2016. "Fiscal policy and the cycle in Latin America: the role of financing conditions and fiscal rules," BIS Working Papers 543, Bank for International Settlements.
• Luisito Bertinelli & Olivier Cardi & Romain Restout, 2016. "Technical change biased toward the traded sector and labor market frictions," Working Papers of BETA 2016-05, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Kaiji Chen & Jue Ren & Tao Zha, 2016. "What we learn from China's rising shadow banking: exploring the nexus of monetary tightening and banks' role in entrusted lending," FRB Atlanta Working Paper 2016-1, Federal Reserve Bank of Atlanta.
• Gabaix, Xavier & Moll, Benjamin & Lasry, Jean-Michel & Lions, Pierre-Louis, 2015. "The Dynamics of Inequality," CEPR Discussion Papers 11028, C.E.P.R. Discussion Papers.
• John Hey & Daniela Di Cagno, 2015. "Does Money Impede Convergence?," Working Papers CESARE 1/2015, Dipartimento di Economia e Finanza, LUISS Guido Carli.
• Tianhao Zhi, 2016. "The Theory and Models of Keynesian Disequilibrium Macroeconomics," Working Paper Series 185, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
• Giovanni Caggiano & Efrem Castelnuovo & Valentina Colombo & Gabriela Nodari, 2015. "Estimating Fiscal Multipliers:News From a Nonlinear World," Department of Economics - Working Papers Series 1196, The University of Melbourne.
• Olivier Cardi & Romain Restout, 2015. "Fiscal Shocks in a Two-Sector Open Economy with Endogenous Markups," Working Papers halshs-01252524, HAL.
• Tucker, Paul & Cecchetti, Stephen, 2016. "Is there macroprudential policy without international cooperation?," CEPR Discussion Papers 11042, C.E.P.R. Discussion Papers.
• Nobuhiko Mitani, 2016. "Unconventional Monetary Policy and Bank Lending," OSIPP Discussion Paper 16J001, Osaka School of International Public Policy, Osaka University.
• Simplice Asongu & Vanessa Tchamyou, 2015. "The Comparative African Regional Economics of Globalization in Financial Allocation Efficiency," Working Papers of the African Governance and Development Institute. 15/053, African Governance and Development Institute..
• Q. Farooq Akram & Casper Christophersen, 2015. "Pricing in the Norwegian interbank market – the effects of liquidity and implicit government support," Working Paper 2016/2, Norges Bank.
• Dimitri B. Papadimitriou, 2016. "Complementary Currencies and Economic Stability," Economics Policy Note Archive 16-1, Levy Economics Institute.
• Pawel Krolikowski, 2016. "Choosing a Control Group for Displaced Workers," Working Papers (Old Series) 1605, Federal Reserve Bank of Cleveland.
• Guiso, Luigi & Pistaferri, Luigi & Fagereng, Andreas, 2016. "Back to background risk?," CEPR Discussion Papers 11051, C.E.P.R. Discussion Papers.
• Rubio-Ramírez, Juan Francisco & Schorfheide, Frank & Fernández-Villaverde, Jesús, 2015. "Solution and Estimation Methods for DSGE Models," CEPR Discussion Papers 11032, C.E.P.R. Discussion Papers.
• Jean-Charles Bricongne, 2015. "The Quantity Theory of Money Revisited: The Improved Short-Term Predictive Power of of Household Money Holdings with Regard to prices. LEO Working Paper," Working Papers halshs-01252397, HAL.
• Mei Li & Frank Milne & Junfeng Qiu, 2016. "The Signaling Effect and Optimal LOLR Policy," Working Papers 1601, University of Guelph, Department of Economics and Finance.
• Țâmpu Diana Larisa, 2015. "ROMANIAN BANKING SYSTEM REACTION TO THE FINANCIAL AND ECONOMIC CRISIS FOLLOWING THE E3MG MODEL SCENARIOS OF POLLITT AND BARKER (International Conference "Recent Advances in Economic and Social Re," Institute for Economic Forecasting Conference Proceedings 151206, Institute for Economic Forecasting.
• Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2015. "The QE experience: Worth a try?," SciencePo Working papers Main hal-03568216, HAL.
• Petrongolo, Barbara & Olivetti, Claudia, 2016. "The evolution of the gender gap in industrialized countries," CEPR Discussion Papers 11034, C.E.P.R. Discussion Papers.
• Robert S. Kaplan, 2016. "Economic Conditions and Monetary Policy in a Changing World: remarks before the Dallas chapters of Financial Executives International, the Association for Corporate Growth and the National Association," Speeches and Essays 161, Federal Reserve Bank of Dallas.
• Kazuo Ogawa & Elmer Sterken & Ichiro Tokutsu, 2016. "Public Debt, Economic Growth and the Real Interest Rate:A Panel VAR Approach to EU and OECD Countries," ISER Discussion Paper 0955, Institute of Social and Economic Research, Osaka University.
• Jesus Crespo Cuaresma & Jozef Kubala & Kristina Petrikova, 2016. "Does income inequality affect aggregate consumption? Revisiting the evidence," Department of Economics Working Papers wuwp210, Vienna University of Economics and Business, Department of Economics.
• Mazzanti, M. & Nicolli, F. & Marin, G. & Gilli, M., 2015. "Sustainable development and industrial development: Manufacturing environmental performance, technology and consumption/production perspectives," MERIT Working Papers 2015-050, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Eden,Benjamin & Eden,Maya, 2016. "The welfare cost of inflation and the regulations of money substitutes," Policy Research Working Paper Series 7553, The World Bank.
• Sushant Acharya & Julien Bengui, 2016. "Liquidity traps, capital flows," Staff Reports 765, Federal Reserve Bank of New York.
• Meysonnat, Aline & Muysken, Joan & Zon, Adriaan van, 2015. "Poverty traps: the neglected role of vitality," MERIT Working Papers 2015-052, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Dahlquist, Magnus & Vestman, Roine & Setty, Ofer, 2016. "On the Asset Allocation of a Default Pension Fund," CEPR Discussion Papers 11052, C.E.P.R. Discussion Papers.
• Koedijk, Kees & Pownall, Rachel A J & Brounen, Dirk, 2015. "Household Financial Planning and Savings Behavior," CEPR Discussion Papers 11033, C.E.P.R. Discussion Papers.
• Joao Alfredo Galindo da Fonseca & Giovanni Gallipoli & Yaniv Yedid-Levi, 2016. "Revisiting the Relationship Between Unemployment and Wages," Working Papers 2016-001, Human Capital and Economic Opportunity Working Group.
• George Papadopoulos & Savas Papadopoulos & Thomas Sager, 2016. "Credit risk stress testing for EU15 banks: a model combination approach," Working Papers 203, Bank of Greece.
• Fabio Canova & Filippo Ferroni & Christian Matthes, 2016. "Approximating time varying structural models with time invariant structures," Working Papers No 1/2016, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
• Alina Cristea, 2015. "HOW WE CAN RESTORE THE BALANCE IN THE ROMANIAN ENERGY MARKET (International Conference "Recent Advances in Economic and Social Research", 13-14 mai 2015, București)," Institute for Economic Forecasting Conference Proceedings 151201, Institute for Economic Forecasting.
• Nishimura, Kiyohiko G., 2016. "Three "Seismic Shifts" in the Global Economy and Policy Challenges," HIT-REFINED Working Paper Series 31, Institute of Economic Research, Hitotsubashi University.
• Canova, Fabio & Hamidi Sahneh, Mehdi, 2016. "Are small scale VARs useful for business cycle analysis? Revisiting Non-Fundamentalness," CEPR Discussion Papers 11041, C.E.P.R. Discussion Papers.
• Tavares, José & Popova, Olga, 2016. "Psychological Costs of Currency Transition: Evidence from Euro Adoption," CEPR Discussion Papers 11071, C.E.P.R. Discussion Papers.
• Davide Dragone & Nicolas Ziebarth, 2016. "Non-Separable Time Preferences and Novelty Consumption: Theory and Evidence from the East German Transition to Capitalism," Working Papers 160002, Canadian Centre for Health Economics.
• Simplice Asongu & Enowbi Batuo & Vanessa Tchamyou, 2015. "Bundling Governance: Finance versus Institutions in Private Investment Promotion," Working Papers of the African Governance and Development Institute. 15/051, African Governance and Development Institute..
• Kreiner, Claus Thustrup & Kopczuk, Wojciech & Boserup, Simon H., 2016. "The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records," CEPR Discussion Papers 11059, C.E.P.R. Discussion Papers.
• Helpman, Elhanan & Grossman, Gene & Sampson, Thomas & Oberfield, Ezra, 2016. "Balanced Growth Despite Uzawa," CEPR Discussion Papers 11063, C.E.P.R. Discussion Papers.
• Savas Papadopoulos & Pantelis Stavroulias & Thomas Sager, 2016. "Systemic early warning systems for EU15 based on the 2008 crisis," Working Papers 202, Bank of Greece.