Report NEP-MAC-2016-09-25

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:

• Vladimir Asriyan & Luca Fornaro & Alberto Martin & Jaume Ventura, 2016. "Monetary Policy for a Bubbly World," NBER Working Papers 22639, National Bureau of Economic Research, Inc.
• Chris Garbers & Guangling Liu, 2016. "Credit market heterogeneity, balance sheet (in)dependence, financial shocks," Working Papers 15/2016, Stellenbosch University, Department of Economics.
• Marco Di Maggio & Amir Kermani & Christopher Palmer, 2016. "How Quantitative Easing Works: Evidence on the Refinancing Channel," NBER Working Papers 22638, National Bureau of Economic Research, Inc.
• Nick Buffie, 2016. "The Case for a Weak Labor Market," CEPR Reports and Issue Briefs 2016-16, Center for Economic and Policy Research (CEPR).
• John Nana Francois, 2016. "Foreign Official Holdings of U.S Treasuries, Stock Effect and the Economy: A DSGE Approach," 2016 Papers pfr351, Job Market Papers.
• Beck, Günter W. & Lein-Rupprecht, Sarah M., 2016. "Microeconometric evidence on demand-side real rigidity and implications for monetary non-neutrality," CFS Working Paper Series 534, Center for Financial Studies (CFS).
• Sienknecht, Sebastian, 2016. "Reassessing price adjustment costs in DSGE models," MPRA Paper 73763, University Library of Munich, Germany.
• Kaiji Chen & Patrick Higgins & Daniel F. Waggoner & Tao Zha, 2016. "Impacts of Monetary Stimulus on Credit Allocation and the Macroeconomy: Evidence from China," NBER Working Papers 22650, National Bureau of Economic Research, Inc.
• Hilde C. Bjørnland & Vegard H. Larsen & Junior Maih, 2016. "Oil and macroeconomic (in)stability," Working Paper 2016/12, Norges Bank.
• Florian, David & Francis, Johanna L., 2016. "Unemployment and Gross Credit Flows in a New Keynesian Framework," Working Papers 2016-007, Banco Central de Reserva del Perú.
• Reis, Ricardo, 2016. "Funding Quantitative Easing to Target Inflation," CEPR Discussion Papers 11505, C.E.P.R. Discussion Papers.
• Moyen, Stéphane & Stähler, Nikolai & Winkler, Fabian, 2016. "Optimal unemployment insurance and international risk sharing," Discussion Papers 33/2016, Deutsche Bundesbank.
• Hyeongwoo Kim & Wen Shi & Hyun Hak Kim, 2016. "Forecasting Financial Stress Indices in Korea: A Factor Model Approach," Auburn Economics Working Paper Series auwp2016-10, Department of Economics, Auburn University.
• Patrick J. Kehoe & Virgiliu Midrigan & Elena Pastorino, 2016. "Debt Constraints and Employment," Staff Report 536, Federal Reserve Bank of Minneapolis.
• Carolina Tuckwell & António Mendonça, 2016. "The global Crisis and Unconventional Monetary Policy: ECB versus Fed," CEsA Working Papers 141, CEsA - Centre for African and Development Studies.
• Jean-Luc Gaffard & Francesco Saraceno, 2016. "Anatomie du désordre européen," Documents de Travail de l'OFCE 2016-27, Observatoire Francais des Conjonctures Economiques (OFCE).
• Björklund, Maria & Carlsson, Mikael & Nordström Skans, Oskar, 2016. "Fixed wage contracts and monetary non-neutrality," Working Paper Series 2016:13, IFAU - Institute for Evaluation of Labour Market and Education Policy.
• Montoro, Carlos & Ortiz, Marco, 2016. "Foreign exchange intervention and monetary policy design: a market microstructure analysis," Working Papers 2016-008, Banco Central de Reserva del Perú.
• Anh Nguyen & Efthymios Pavlidis & David Alan Peel, 2016. "Modeling changes in U.S. monetary policy," Working Papers 127876159, Lancaster University Management School, Economics Department.
• Fioramanti, Marco, 2016. "Potential Output, Output Gap and Fiscal Stance: is the EC estimation of the NAWRU too sensitive to be reliable?," MPRA Paper 73762, University Library of Munich, Germany, revised Sep 2016.
• Salvador Ortigueira & Joana Pereira, 2016. "Lack of Commitment, Retroactive Tax Changes, and Macroeconomic Instability," Working Papers WP2016-05, University of Miami, Department of Economics.
• Fève, Patrick & Kass-Hanna, Tannous & Pietrunti, Mario, 2016. "An Analytical Characterization of Noisy Fiscal Policy," TSE Working Papers 16-696, Toulouse School of Economics (TSE).
• O. de Bandt & M. Chahad, 2016. "A DGSE Model to Assess the Post-Crisis Regulation of Universal Banks," Working papers 602, Banque de France.
• Paula Lourdes Hernández Verme & Mónica Karina Rosales Pérez, 2016. "Applications of sudden stops of international capital to the Mexican economy," Working Papers 74, Peruvian Economic Association.
• Andrew B. Bernard & Toshihiro Okubo, 2016. "Product Switching and the Business Cycle," NBER Working Papers 22649, National Bureau of Economic Research, Inc.
• Bernard, Andrew & Okubo, Toshihiro, 2016. "Product Switching and the Business Cycle," CEPR Discussion Papers 11509, C.E.P.R. Discussion Papers.
• Favilukis, Jack & Lin, Xiaoji & Zhao, Xiaofei, 2014. "The Elephant in the Room: The Impact of Labor Obligations on Credit Risk," Working Paper Series 2015-17, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Giorgio Canarella & Stephen M. Miller, 2016. "Inflation Persistence and Structural Breaks: The Experience of Inflation Targeting Countries and the US," Working papers 2016-11, University of Connecticut, Department of Economics.
• G. Dosi & M.C. Pereira & A. Roventini & M.E. Virgillito Author-Workplace-Name Scuola Superiore Sant'Anna, 2016. "The effects of Labour Market Reforms upon Unemployment and Income Inequalities : an agent based model," Documents de Travail de l'OFCE 2016-24, Observatoire Francais des Conjonctures Economiques (OFCE).
• Senzu, Emmanuel Tweneboah, 2016. "Market Phenomena Catallactics Misapplication: It’s Crucial Role in Africa’s Underdeveloped Economy," MPRA Paper 73867, University Library of Munich, Germany, revised Aug 2016.
• Hasan, Zubair, 2016. "Economic development and Islam revisited," MPRA Paper 73857, University Library of Munich, Germany.
• Lemke, Wolfgang & Vladu, Andreea L., 2016. "Below the zero lower bound: A shadow-rate term structure model for the euro area," Discussion Papers 32/2016, Deutsche Bundesbank.
• Stefano Bosi & Ngoc-Sang Pham, 2016. "Taxation, bubbles and endogenous growth," Documents de recherche 16-03, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
• Sutherland, Alan & Senay, Ozge, 2016. "Country Portfolios, Collateral Constraints and Optimal Monetary Policy," CEPR Discussion Papers 11499, C.E.P.R. Discussion Papers.
• Chen, Hongyi & Funke, Michael & Tsang, Andrew, 2016. "The diffusion and dynamics of producer prices, deflationary pressure across Asian countries, and the role of China," BOFIT Discussion Papers 11/2016, Bank of Finland, Institute for Economies in Transition.
• luo, yinghao, 2016. "Nonlinear Trend and Purchasing Power Parity," MPRA Paper 73817, University Library of Munich, Germany.
• Giorgio Canarella & Stephen M. Miller, 2016. "Inflation Targeting: New Evidence from Fractional Integration and Cointegration," Working papers 2016-08, University of Connecticut, Department of Economics.
• Arturo L. Vásquez Cordano & Abdel M. Zellou, 2016. "Where are natural gas prices heading, and what are the environmental consequences for Latin America?," Working Papers 71, Peruvian Economic Association.
• Benjamin Eden & Maya Eden & Jonah Yuen, 2016. "Inside The Price Dispersion Box: Evidence From Us Scanner Data," Vanderbilt University Department of Economics Working Papers 16-00017, Vanderbilt University Department of Economics.
• Juan Mauricio Ramírez & Leonardo Villar, 2015. "Macroeconomía de las concesiones de cuarta generación," Informes de Investigación 15060, Fedesarrollo.
• Jane E. Ihrig & Ellen E. Meade & Gretchen C. Weinbach, 2016. "The Federal Reserve's New Approach to Raising Interest Rates," FEDS Notes 2016-02-12-1, Board of Governors of the Federal Reserve System (U.S.).
• Claudiu Tiberiu Albulescu & Aviral Kumar Tiwari & Stephen M. Miller & Rangan Gupta, 2016. "Time-Frequency Relationship between Inflation and Inflation Uncertainty for the U.S.: Evidence from Historical Data," Working papers 2016-12, University of Connecticut, Department of Economics.
• Özge Dilaver & Robert Jump & Paul Levine, 2016. "Agent-based Macroeconomics and Dynamic Stochastic General Equilibrium Models: Where do we go from here?," School of Economics Discussion Papers 0116, School of Economics, University of Surrey.
• Lages, André Maia Gomes & Santos, Fabrício Rios Nascimento & Ferreira, Humberto Barbosa, 2016. "Preference for Liquidity of Agents: An Analyse of Brasilian Case," MPRA Paper 73949, University Library of Munich, Germany.
• Candelaria, José Alberto, 2015. "A panel data analysis of temporary and permanent effects of fixed broadband penetration over economic growth," 2015 Regional ITS Conference, Los Angeles 2015 146312, International Telecommunications Society (ITS).
• Ibrahim D. Raheem & Simplice Asongu, 2016. "Extending the Determinants of Dollarization in Sub-Saharan Africa: The Role of Easy Access to Foreign Exchange Earnings," Working Papers of the African Governance and Development Institute. 16/033, African Governance and Development Institute..
• Didier Faivre, 2016. "Credit Aggregates, Countercyclical Buffer: stylised facts," Post-Print halshs-01281933, HAL.
• Erich Pinzón-Fuchs, 2016. "Macroeconometric modeling as a "photographic description of reality" or as an "engine for the discovery of concrete truth" ? Friedman and Klein on statistical illusions," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01364812, HAL.
• Herman Stekler & Yongchen Zhao, 2016. "Predicting U.S. Business Cycle Turning Points Using Real-Time Diffusion Indexes Based on a Large Data Set," Working Papers 2016-15, Towson University, Department of Economics, revised Sep 2016.
• John Ammer & Michiel De Pooter & Christopher J. Erceg & Steven B. Kamin, 2016. "International Spillovers of Monetary Policy," IFDP Notes 2016-02-08-1, Board of Governors of the Federal Reserve System (U.S.).
• Michael T. Kiley, 2016. "Macroeconomic Modeling of Financial Frictions for Macroprudential Policymaking : A Review of Pressing Challenges," FEDS Notes 2016-05-26-2, Board of Governors of the Federal Reserve System (U.S.).
• Russell Cooper & Antoine Camous, 2016. ""Whatever it takes" is all you need: monetary policy and debt fragility," 2016 Meeting Papers 863, Society for Economic Dynamics.
• Nolazco, José Luis & Lengua-Lafosse, Patricia & Céspedes, Nikita, 2016. "Contribución de los choques externos en el Crecimiento Económico del Perú: un modelo semi-estructural," Working Papers 2016-006, Banco Central de Reserva del Perú.
• Sitthiyot, Thitithep, 2015. "Macroeconomic and Financial Management in an Uncertain World: What Can We Learn from Complexity Science?," MPRA Paper 73753, University Library of Munich, Germany, revised 11 Dec 2015.
• Cai, Yifei, 2016. "货币供给数量、结构与经济增长—来自adl门限协整检验与时变格兰杰因果关系检验的证据 [Quantity and Structure of Money Supply and Economic Growth— Evidence from ADL Test for Threshold Cointegration and Time-varying Granger Causality Relation," MPRA Paper 73750, University Library of Munich, Germany.
• Dominik Sachs & Aleh Tsyvinski & Nicolas Werquin, 2016. "Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium," NBER Working Papers 22646, National Bureau of Economic Research, Inc.
• Cavallo, Eduardo & Sanchez, Gabriel & Valenzuela, Patricio, 2016. "Gone with the Wind: Demographic Transition and Domestic Saving," Working Papers 16-04, University of Pennsylvania, Wharton School, Weiss Center.
• Aurélien Goutsmedt & Erich Pinzon-Fuchs & Matthieu Renault & Francesco Sergi, 2016. "Criticizing the Lucas Critique: Macroeconometricians’ Response to Robert Lucas," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01364814, HAL.
• Giorgio Canarella & Stephen M. Miller, 2016. "Did Okun's Law Die after the Great Recession?," Working papers 2016-10, University of Connecticut, Department of Economics.
• International Monetary Fund, 2016. "Jamaica; Thirteenth Review under the Arrangement Under the Extended Fund Facility-Press Release and Staff Report," IMF Staff Country Reports 16/297, International Monetary Fund.
• International Monetary Fund, 2016. "Jordan; Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Jordan," IMF Staff Country Reports 16/295, International Monetary Fund.
• Heni Boubaker & Giorgio Canarella & Rangan Gupta & Stephen M. Miller, 2016. "Time-Varying Persistence of Inflation: Evidence from a Wavelet-based Approach," Working papers 2016-09, University of Connecticut, Department of Economics.
• Fare, Rolf & Grosskopf, Shawna & Shang, Chenjun & Sickles, Robin, 2015. "Pricing Characteristics: An Application of Shepard's Dual Lemma," Working Papers 15-013, Rice University, Department of Economics.
• Bao, Jack & Hou, Kewei & Zhang, Shaojun A., 2016. "Systemic Default and Return Predictability in the Stock and Bond Markets," Working Paper Series 2016-2, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Abhishek Anand & Lekha S. Chakraborty, 2016. "'Engendering' Intergovernmental Transfers: Is There a Case for Gender-sensitive Horizontal Fiscal Equalization?," Economics Working Paper Archive wp_874, Levy Economics Institute.
• Vincent Duwicquet & Jacques Mazier & Jamel Saadaoui, 2016. "Interest rates, Eurobonds and intra-European exchange rate misalignments," Post-Print hal-01359820, HAL.
• Hamzeh Arabzadeh, 2016. "The political economy of twin deficits and wage setting centralization," LIDAM Discussion Papers IRES 2016017, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
• Massimiliano Croce, Mariano & Nguyen, Thien Tung & McGregor Raymond, Steve & Schmid, Lukas, 2016. "Government Debt and the Returns to Innovation," Working Paper Series 2016-10, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Gantungalag Altansukha & Ralf Becker & George Bratsiotis & Denise R. Osborn, 2016. "What is the Globalisation of Inflation? ," Centre for Growth and Business Cycle Research Discussion Paper Series 224, Economics, The University of Manchester.
• Alexander Smirnov, 2016. "A Simple Model of Credit Expansion," Papers 1609.05055, arXiv.org.
• Quadrini, Vincenzo & Barattieri, Alessandro & Moretti, Laura, 2016. "Banks Interconnectivity and Leverage," CEPR Discussion Papers 11502, C.E.P.R. Discussion Papers.
• Leandro De Magalhães & Dongya Koh & Raül Santaeulàlia-Llopis, 2016. "Consumption and Expenditure in Sub-Saharan Africa," Bristol Economics Discussion Papers 16/677, School of Economics, University of Bristol, UK, revised 07 Oct 2016.
• Stefano BOSI & Cuong LE VAN & Ngoc-Sang PHAM, 2016. "Asset bubbles and efficiency in a generalized two-sector model," Documents de recherche 16-04, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
• Ricardo Reis, 2016. "Funding Quantitative Easing to Target Inflation," Discussion Papers 1626, Centre for Macroeconomics (CFM).
• Khoza, Keorapetse & Thebe, Relebogile & Phiri, Andrew, 2016. "Nonlinear impact of inflation on economic growth in South Africa: A smooth transition regression (STR) analysis," MPRA Paper 73840, University Library of Munich, Germany.
• McDaid, David & Park, A-La, 2016. "Evidence on financing and budgeting mechanisms to support intersectoral actions between health, education, social welfare and labour sectors," LSE Research Online Documents on Economics 67725, London School of Economics and Political Science, LSE Library.
• Andrew Jalil & Gisela Rua, 2016. "Inflation Expectations in the Recovery from the Great Depression," FEDS Notes 2016-08-30, Board of Governors of the Federal Reserve System (U.S.).
• Makuyana, Garikai & Odhiambo, Nicholas Mbaya, 2016. "Public and private investment and economic growth in Zambia: A dynamic approach," Working Papers 21377, University of South Africa, Department of Economics.
• International Monetary Fund, 2016. "Republic of Azerbaijan; 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex," IMF Staff Country Reports 16/296, International Monetary Fund.
• Mark E. Schweitzer & Scott Shane, 2016. "The Ins and Outs of Self-Employment: An Estimate of Business Cycle and Trend Effects," Working Papers (Old Series) 1621, Federal Reserve Bank of Cleveland.
• Barney Hartman-Glaser & Hanno Lustig & Mindy Z. Xiaolan, 2016. "Capital Share Dynamics When Firms Insure Workers," NBER Working Papers 22651, National Bureau of Economic Research, Inc.
• Marta Gómez-Puig & Simón Javier Sosvilla-Rivero, 2016. "Debt-growth linkages in EMU across countries and time horizons," Working Papers del Instituto Complutense de Estudios Internacionales 1602, Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales.
• Elizabeth Ball Holmquist & Susan Hume McIntosh, 2015. "U.S. Net Wealth in the Financial Accounts of the United States," FEDS Notes 2015-10-08-2, Board of Governors of the Federal Reserve System (U.S.).
• Veldkamp, Laura & Kozeniauskas, Nicholas & Orlik, Anna, 2016. "What Are Uncertainty Shocks?," CEPR Discussion Papers 11501, C.E.P.R. Discussion Papers.
• Santaeulàlia-Llopis, Raül ; Zheng, Yu, 2016. "Missing Consumption Inequality: Direct Evidence from Individual Food Data," Economics Working Papers ECO2016/12, European University Institute.
• Glass, Anthony J. & Kenjegalieva, Karligash & Sickles, Robin C., 2015. "A Spatial Autoregressive Stochastic Frontier Model for Panel Data with Asymmetric Efficiency Spillovers," Working Papers 15-014, Rice University, Department of Economics.
• Ho, Chi Pui, 2016. "GeoPopulation-Institution Hypothesis: Reconciling American Development Process and Reversal of Fortune within a Unified Growth Framework," MPRA Paper 73863, University Library of Munich, Germany.