Report NEP-MAC-2018-04-02

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:

• Jacquinot, Pascal & Lozej, Matija & Pisani, Massimiliano, 2018. "Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area: a structural model-based approach," Working Paper Series 2127, European Central Bank.
• Lloyd, Simon, 2018. "Overnight index swap market-based measures of monetary policy expectations," Bank of England working papers 709, Bank of England.
• Laureys, Lien & Meeks, Roland, 2017. "Monetary and macroprudential policies under rules and discretion," Bank of England working papers 702, Bank of England.
• Karadi, Peter & Jarocinski, Marek, 2018. "Deconstructing Monetary Policy Surprises - The Role of Information Shocks," CEPR Discussion Papers 12765, C.E.P.R. Discussion Papers.
• Yosuke Okazaki & Nao Sudo, 2018. "Natural Rate of Interest in Japan -- Measuring its size and identifying drivers based on a DSGE model --," Bank of Japan Working Paper Series 18-E-6, Bank of Japan.
• Christopher D. Carroll & Edmund Crawley & Jiri Slacalek & Kiichi Tokuoka & Matthew N. White, 2018. "Sticky Expectations and Consumption Dynamics," NBER Working Papers 24377, National Bureau of Economic Research, Inc.
• Hagedorn, Marcus, 2018. "Prices and Inflation when Government Bonds are Net Wealth," CEPR Discussion Papers 12769, C.E.P.R. Discussion Papers.
• Hyeongwoo Kim, 2018. "Fiscal Policy, Wages, and Jobs in the U.S," Auburn Economics Working Paper Series auwp2018-02, Department of Economics, Auburn University.
• Raputsoane, Leroi, 2018. "Targeting financial stress as opposed to the exchange rate," MPRA Paper 84865, University Library of Munich, Germany.
• E. Jondeau & J-G. Sahuc, 2018. "A General Equilibrium Appraisal of Capital Shortfall," Working papers 668, Banque de France.
• Raputsoane, Leroi, 2018. "Monetary policy reaction function pre and post the global financial crisis," MPRA Paper 84866, University Library of Munich, Germany.
• Carrillo, Julio A. & Mendoza, Enrique G. & Nuguer, Victoria & Roldán-Peña, Jessica, 2018. "Tight money - tight credit: coordination failure in the conduct of monetary and financial policies," Working Paper Series 2129, European Central Bank.
• Melolinna, Marko & Tatomir, Srdan & Miller, Helen, 2018. "Business investment, cost of capital and uncertainty in the United Kingdom — evidence from firm-level analysis," Bank of England working papers 717, Bank of England.
• Assadi, Marzieh, 2017. "The Implication of Monetary and Fiscal Policy Interactions for the Price Levels: the Fiscal Theory of the Price Level Revisited," MPRA Paper 84851, University Library of Munich, Germany.
• Item repec:efp:wpaper:2016-1 is not listed on IDEAS anymore

• Kuusi, Tero, 2018. "Does the structural budget balance guide fiscal policy pro-cyclically? Evidence from the Finnish Great Depression of the 1990s," MPRA Paper 84829, University Library of Munich, Germany.
• Mengheng Li & Siem Jan (S.J.) Koopman, 2018. "Unobserved Components with Stochastic Volatility in U.S. Inflation: Estimation and Signal Extraction," Tinbergen Institute Discussion Papers 18-027/III, Tinbergen Institute.
• Kunovac, Davor & Mandler, Martin & Scharnagl, Michael, 2018. "Financial cycles in euro area economies: A cross-country perspective," Discussion Papers 04/2018, Deutsche Bundesbank.
• Zouhair Aït Benhamou, 2018. "Imperfect Governance and Price Stickiness in Emerging Economies," EconomiX Working Papers 2018-17, University of Paris Nanterre, EconomiX.
• Gerlach, Stefan & Stuart, Rebecca, 2018. "Plotting interest rates: The FOMC’s projections and the economy," CEPR Discussion Papers 12768, C.E.P.R. Discussion Papers.
• Peter Claeys & Borek Vasicek, 2017. "Transmission of Uncertainty Shocks: Learning from Heterogeneous Responses on a Panel of EU Countries," Working Papers 2017/13, Czech National Bank.
• Lourdes Güenaga, 2017. "Efectos de la dolarización parcial sobre la política monetaria en un modelo semi estructural de proyecciones macroeconómicas para el Uruguay," Documentos de Trabajo (working papers) 1217, Department of Economics - dECON.
• Item repec:efp:wpaper:2016-2 is not listed on IDEAS anymore

• John B. Taylor, 2018. "Rules Versus Discretion: Assessing the Debate Over the Conduct of Monetary Policy," Economics Working Papers 18102, Hoover Institution, Stanford University.
• Jeronimo Carballo & Kyle Handley & Nuno Limão, 2018. "Economic and Policy Uncertainty: Export Dynamics and the Value of Agreements," NBER Working Papers 24368, National Bureau of Economic Research, Inc.
• Julio Carrillo, 2017. "Inquiry on the Transmission of U.S. Aggregate Shocks to Mexico: A SVAR Approach," 2017 Meeting Papers 1509, Society for Economic Dynamics.
• Item repec:efp:wpaper:2016-3 is not listed on IDEAS anymore

• Ivo Maes & Rebeca Gomez Betancourt, 2018. "Paul van Zeeland and the first decade of the US Federal Reserve System : The analysis from a European central banker who was a student of Kemmerer," Working Paper Research 339, National Bank of Belgium.
• Hoi Wai Jackie Cheng & Ingo Pitterle, 2018. "Towards a more comprehensive assessment of fiscal space," Working Papers 153, United Nations, Department of Economics and Social Affairs.
• Farmer, Roger & Zabczyk, Pawel, 2018. "The Household Fallacy," CEPR Discussion Papers 12770, C.E.P.R. Discussion Papers.
• Sangyup Choi & Davide Furceri & Prakash Loungani, 2018. "Inflation Anchoring and Growth: Evidence from Sectoral Data," IMF Working Papers 18/36, International Monetary Fund.
• Fujiwara, Ippei & Waki, Yuichiro, 2018. "Fiscal Forward Guidance:A Case for Selective Transparency," CEI Working Paper Series 2017-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
• Koichi Futagami & Kunihiko Konishi, 2018. "Dynamic Analysis of Budget Policy Rules in Japan," Bank of Japan Working Paper Series 18-E-3, Bank of Japan.
• Jiménez Polanco, Miguel Alejandro & Ramírez de Leon, Francisco Alberto, 2017. "Inflación Subyacente en la República Dominicana: Medición y Evaluación [Core Inflation in the Dominican Republic: Measurement and Evaluation]," MPRA Paper 84596, University Library of Munich, Germany.
• Dimitri Kroujiline & Maxim Gusev & Dmitry Ushanov & Sergey V. Sharov & Boris Govorkov, 2018. "An Endogenous Mechanism of Business Cycles," Papers 1803.05002, arXiv.org, revised Sep 2019.
• Vaclav Broz & Lukas Pfeifer & Dominika Kolcunova, 2017. "Are the Risk Weights of Banks in the Czech Republic Procyclical? Evidence from Wavelet Analysis," Working Papers 2017/15, Czech National Bank.
• Ewa Karwowski & Marcos Centurion-Vicencio, 2018. "Financialising the state : recent developments in fiscal and monetary policy," Working Papers halshs-01713028, HAL.
• Sebastian Edwards, 2018. "Keynes on the Sequencing of Economic Policy: Recovery and Reform in 1933," NBER Working Papers 24367, National Bureau of Economic Research, Inc.
• Dasha Safonova, 2017. "Interbank Network Disruptions and The Real Economy," 2017 Meeting Papers 1568, Society for Economic Dynamics.
• Peter Benczur & Zsombor Cseres-Gergely & Peter Harasztosi, 2017. "EU-wide income inequality in the era of the Great Recession," Budapest Working Papers on the Labour Market 1713, Institute of Economics, Centre for Economic and Regional Studies.
• Francesca Carapella, 2017. "Credit markets, Limited commitment and Optimal monetary policy," 2017 Meeting Papers 1523, Society for Economic Dynamics.
• Liliana Rojas-Suarez, 2018. "Paraguay: Is Good Macro Policy Enough to Ensure Adequate Resilience to Adverse External Shocks? How Does It Compare to Other Emerging Markets?," Working Papers 477, Center for Global Development.
• Patrick Alexander & Louis Poirier, 2018. "Did U.S. Consumers Respond to the 2014–2015 Oil Price Shock? Evidence from the Consumer Expenditure Survey," Staff Working Papers 18-13, Bank of Canada.
• Canale, Rosaria Rita & de Grauwe, Paul & Foresti, Pasquale & Napolitano, Oreste, 2018. "Is there a trade-off between free capital mobility, financial stability and fiscal policy flexibility in the EMU?," LSE Research Online Documents on Economics 86976, London School of Economics and Political Science, LSE Library.
• Oriol Carreras & E Philip Davis & Ian Hurst & Iana Liadze & Rebecca Piggott & James Warren, 2018. "Implementing Macroprudential Policy in NiGEM," National Institute of Economic and Social Research (NIESR) Discussion Papers 490, National Institute of Economic and Social Research.
• Giovanni Melina & Rafael A Portillo, 2018. "Economic Fluctuations in Sub-Saharan Africa," IMF Working Papers 18/40, International Monetary Fund.
• Aikman, David & Haldane, Andrew & Hinterschweiger, Marc & Kapadia, Sujit, 2018. "Rethinking financial stability," Bank of England working papers 712, Bank of England.
• John B. Taylor, 2018. "Alternatives For Reserve Balances And The Fed's Balance Sheet In The Future," Economics Working Papers 18103, Hoover Institution, Stanford University.
• Martijn Boermans & Robert Vermeulen, 2018. "Quantitative easing and preferred habitat investors in the euro area bond market," DNB Working Papers 586, Netherlands Central Bank, Research Department.
• Pandey, Radhika & Patnaik, Ila & Shah, Ajay, 2018. "Business Cycle Measurement in India," Working Papers 18/221, National Institute of Public Finance and Policy.
• Hirokuni Iiboshi & Mototsugu Shintani & Kozo Ueda, 2018. "Estimating a Nonlinear New Keynesian Model with a Zero Lower Bound for Japan," Working Papers e120, Tokyo Center for Economic Research.
• Gauti Eggertsson & Neil Mehrotra, 2017. "Secular Stagnation and Inequality," 2017 Meeting Papers 1567, Society for Economic Dynamics.
• Marcelo Veracierto, 2017. "Adverse Selection, Risk Sharing and Business Cycles," 2017 Meeting Papers 1574, Society for Economic Dynamics.
• Adam Kucera & Michal Dvorak & Lubos Komarek & Zlatuse Komarkova, 2017. "Longer-term Yield Decomposition: An Analysis of the Czech Government Yield Curve," Working Papers 2017/12, Czech National Bank.
• Aubhik Khan, 2017. "Large Recessions in an Overlapping Generations with Unemployment," 2017 Meeting Papers 1559, Society for Economic Dynamics.
• Federico Belotti & Joanna Kopinska & Alessandro Palma & Andrea Piano Mortari, 2018. "Health Status and the Great Recession. Evidence from Electronic Health Records," CEIS Research Paper 425, Tor Vergata University, CEIS, revised 16 Dec 2020.
• Xisong Jin, 2018. "How much does book value data tell us about systemic risk and its interactions with the macroeconomy? A Luxembourg empirical evaluation," BCL working papers 118, Central Bank of Luxembourg.
• Forbes, Kristin & Ahnert, Toni & Friedrich, Christian & Reinhardt, Dennis, 2018. "Macroprudential FX Regulations: Shifting the Snowbanks of FX Vulnerability?," CEPR Discussion Papers 12766, C.E.P.R. Discussion Papers.
• Jennifer La'O & Luigi Iovino, 2017. "Informationally Sticky Nominal Wages," 2017 Meeting Papers 1517, Society for Economic Dynamics.
• Pablo A. Guerron-Quintana & Tomohiro Hirano & Ryo Jinnai, 2018. "Recurrent Bubbles, Economic Fluctuations, and Growth," Bank of Japan Working Paper Series 18-E-5, Bank of Japan.
• Paul J.J. Welfens, 2018. "International Risk Management in BREXIT and Policy Options," EIIW Discussion paper disbei242, Universitätsbibliothek Wuppertal, University Library.
• Neumann, Tobias, 2018. "Mortgages: estimating default correlation and forecasting default risk," Bank of England working papers 708, Bank of England.
• Zidong An & João Tovar Jalles & Prakash Loungani, 2018. "How Well Do Economists Forecast Recessions?," IMF Working Papers 18/39, International Monetary Fund.
• Kilhoffer, Zachary & Beblavý, Miroslav, 2017. "The Great Recession’s Biggest Losers: The euro area’s jobless," CEPS Papers 12771, Centre for European Policy Studies.
• Pokar D Khemani & Benoit Wiest, 2016. "How to Check Integrity of Fiscal Data," IMF Fiscal Affairs Department 16/04, International Monetary Fund.
• Juan Carlos Cuestas & Karsten Staehr & Javier Ordóñez, 2018. "Unit Labour Costs and the Dynamics of Output and Unemployment in the Southern European Crisis Countries," TUT Economic Research Series 41, Department of Finance and Economics, Tallinn University of Technology.
• Roberto Piazza, 2018. "Is There a Phillips Curve? A Full Information Partial Equilibrium Approach," IMF Working Papers 18/44, International Monetary Fund.
• Kim, Kyunghun & Kim, Soyoung & Yang, Da Young & Kang, Eunjung, 2018. "The Effect of Financial Market Integration on Monetary Policy and Long-term Interest Rate in Korea and Its Policy Implications," World Economy Brief 18-11, Korea Institute for International Economic Policy.
• Hiroaki Sakamoto & Ken-Ichi Akao, 2018. "A theory of disasters and long-run growth," Discussion papers e-17-014, Graduate School of Economics , Kyoto University.
• Yongyang Cai & Simon Scheidegger & Sevin Yeltekin & Philipp Renner & Kenneth Judd, 2017. "Optimal Dynamic Fiscal Policy with Endogenous Debt Limits," 2017 Meeting Papers 1543, Society for Economic Dynamics.
• Gros, Daniel & Mayer, Thomas, 2017. "A European Monetary Fund: Why and how?," CEPS Papers 13267, Centre for European Policy Studies.
• Zineddine Alla & Raphael A Espinoza & Qiaoluan H. Li & Miguel A. Segoviano, 2018. "Macroprudential Stress Tests: A Reduced-Form Approach to Quantifying Systemic Risk Losses," IMF Working Papers 18/49, International Monetary Fund.
• Damir Filipovi'c & Sander Willems, 2018. "A Term Structure Model for Dividends and Interest Rates," Papers 1803.02249, arXiv.org, revised May 2020.
• Byeong U. Park & Leopold Simar & Valentin Zelenyuk, 2017. "Revisiting Forecasting of Recessions via Dynamic Probit for Time Series by Kauppi and Saikkonen (2008)," CEPA Working Papers Series WP032017, School of Economics, University of Queensland, Australia.