Report NEP-MAC-2018-11-26

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:

• Thorsten Drautzburg & Jesus Fernandez-Villaverde & Pablo Guerrón-Quintana, 2017. "Political Distribution Risk and Aggregate Fluctuations," PIER Working Paper Archive 17-016, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 25 Jul 2017.
• Heider, Florian & Saidi, Farzad & Schepens, Glenn, 2018. "Life below zero: Bank lending under negative policy rates," CEPR Discussion Papers 13191, C.E.P.R. Discussion Papers.
• Sergio Cesaratto & Gennaro Zezza, 2018. "What went wrong with Italy, and what the country should now fight for in Europe," FMM Working Paper 37-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Manuela Mischitelli & Giovanni Di Bartolomeo, 2018. "Unconventional policies in a monetary union: a policy game approach," Proceedings of Economics and Finance Conferences 6910183, International Institute of Social and Economic Sciences.
• Kurt Graden Lunsford, 2018. "Understanding the Aspects of Federal Reserve Forward Guidance," Working Papers (Old Series) 1815, Federal Reserve Bank of Cleveland.
• Andrea Cecrdlova, 2018. "The Foreign Exchange Interventions of the CNB as an Unconventional Instrument of Monetary Policy," Proceedings of Economics and Finance Conferences 6910191, International Institute of Social and Economic Sciences.
• Gürkaynak, Refet & KısacıkoÄŸlu, Burçin & Wright, Jonathan, 2018. "Missing Events in Event Studies: Identifying the Effects of Partially-Measured News Surprises," CEPR Discussion Papers 13153, C.E.P.R. Discussion Papers.
• Hasan, Zubair, 2018. "Deficit finance and developing economies:Implications and results," MPRA Paper 89818, University Library of Munich, Germany.
• Gilberto Tadeu Lima & Laura Carvalho, Gustavo Pereira Serra, 2018. "Human Capital Accumulation, Income Distribution and Economic Growth: A Neo-Kaleckian Analytical Framework," Working Papers, Department of Economics 2018_19, University of São Paulo (FEA-USP).
• Koeniger, Winfried & Ramelet, Marc-Antoine, 2018. "Home Ownership and Monetary Policy Transmission," Economics Working Paper Series 1814, University of St. Gallen, School of Economics and Political Science.
• Emília Zimková & Vlastimil Farka?ovský & ?ubomir Pinter & Jaros?aw Szostak & Krzysztof Koj, 2018. "A Dynamic Hierarchical Cluster Analysis of Economic Performance and Perceptions of the Euro across EU Countries," Proceedings of Economics and Finance Conferences 6910153, International Institute of Social and Economic Sciences.
• Daiki Maeda, 2018. "Monetary and Fiscal Policy in a Cash-in-advance Economy with Quasi-geometric Discounting," Discussion Papers in Economics and Business 18-31, Osaka University, Graduate School of Economics.
• Thomas Palley, 2018. "The Evolution of money debate: functionalism versus chartalism, Schumpeterian dynamics, Gresham's fallacy, and how history constrains public finance," FMM Working Paper 34-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Karol Szomolányi & Martin Luká?ik & Adriana Luká?iková, 2018. "Estimate of the Elasticity of Substitution in Slovak Economy ? A Frequency Filter SUR Model," Proceedings of Economics and Finance Conferences 6910155, International Institute of Social and Economic Sciences.
• Cukierman, Alex & Lustenberger, Thomas & Meltzer, Allan H., 2018. "The permanent-transitory confusion: Implications for tests of market efficiency and for expected inflation during turbulent and," CEPR Discussion Papers 13187, C.E.P.R. Discussion Papers.
• Cameron MacDonald & Virginie Traclet, 2018. "The Framework for Risk Identification and Assessment," Technical Reports 113, Bank of Canada.
• Zuzana Mucka & Ludovit Odor, 2018. "Optimal sovereign debt: Case of Slovakia," Working Papers Working Paper No. 3/2018, Council for Budget Responsibility.
• Patrice Baubeau & Eric Monnet & Angelo Riva & Stefano Ungaro, 2018. "Flight-to-safety and the Credit Crunch: A new history of the banking crisis in France during the Great Depression," Working papers 698, Banque de France.
• Markus Heinrich & Magnus Reif, 2018. "Forecasting using mixed-frequency VARs with time-varying parameters," ifo Working Paper Series 273, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
• Karolina Tura-Gawron & Magdalena Szyszko, 2018. "Spatial Approach to Heterogeneity of Inflation Expectations in the Euro Area," Proceedings of Economics and Finance Conferences 6910174, International Institute of Social and Economic Sciences.
• Jacob Punnoose & Amber Wadsworth, 2018. "Estimated policy rules for different monetary regimes: Flexible inflation targeting versus a dual mandate," Reserve Bank of New Zealand Analytical Notes series AN2018/11, Reserve Bank of New Zealand.
• Luvsannyam, Davaajargal & Batmunkh, Khuslen, 2018. "A Factor Augmented Vector Autoregressive (FAVAR) approach for Monetary Policy: Replication of the empirical results in “Measuring the effects of Monetary Policy”," MPRA Paper 89814, University Library of Munich, Germany.
• Malamud, Semyon & Schrimpf, Paul, 2018. "An Intermediation-Based Model of Exchange Rates," CEPR Discussion Papers 13182, C.E.P.R. Discussion Papers.
• Ramis Khabibullin & Alexey Ponomarenko & Sergei Seleznev, 2018. "Forecasting the implications of foreign exchange reserve accumulation with an agent-based model," Bank of Russia Working Paper Series wps37, Bank of Russia.
• Gersbach, Hans & Faure, Salomon, 2018. "Money Creation in Different Architectures," CEPR Discussion Papers 13156, C.E.P.R. Discussion Papers.
• Suarez, Javier & Mendicino, Caterina & Nikolov, Kalin & Supera, Dominik, 2018. "Bank Capital in the Short and in the Long Run," CEPR Discussion Papers 13152, C.E.P.R. Discussion Papers.
• Guillaume Rocheteau & Pierre-Olivier Weill & Tsz-Nga Wong, 2018. "An Heterogeneous-Agent New-Monetarist Model with an Application to Unemployment," NBER Working Papers 25220, National Bureau of Economic Research, Inc.
• Omar Licandro & Luis A. Puch & Jesús Ruiz, 2018. "Continuous vs Discrete Time Modelling in Growth and Business Cycle Theory," Documentos de Trabajo del ICAE 2018-28, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
• International Monetary Fund, 2018. "Bhutan; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan," IMF Staff Country Reports 18/300, International Monetary Fund.
• Fougère, Denis & Gautier, Erwan & Roux, Sébastien, 2018. "Wage Floor Rigidity in Industry-Level Agreements: Evidence from France," CEPR Discussion Papers 13179, C.E.P.R. Discussion Papers.
• Maria Farrugia & Glenn Formosa & Joseph Julian Pace, 2018. "Inflation-linked Bonds: An Introduction," CBM Working Papers WP/05/2018, Central Bank of Malta.
• Régis Bokino & Moustapha Gano, 2018. "Independence and accountability within the monetary policy committee of the BCEAO," Cahiers du GREThA (2007-2019) 2018-24, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
• Kaitila, Ville & Kauhanen, Antti & Kuusi, Tero & Lehmus, Markku & Maliranta, Mika & Vihriälä, Vesa, 2018. "Finland’s Growth Performance – The Lost Decade and the Prospects in the Near Term," ETLA Reports 87, The Research Institute of the Finnish Economy.
• International Monetary Fund, 2018. "Jamaica; Fourth Review Under the Stand-By Arrangement, Request for Modification of Performance Criteria, and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Execu," IMF Staff Country Reports 18/304, International Monetary Fund.
• International Monetary Fund, 2018. "Argentina; First Review under the Stand-By Arrangement; Inflation Consultation; Financing Assurances Review; and Request for Rephasing, Augmentation, Waivers of Nonobservance and Applicability of Perf," IMF Staff Country Reports 18/297, International Monetary Fund.
• Zouhair Aït Benhamou, 2018. "A Steeper slope: the Laffer Tax Curve in Developing and Emerging Economies," EconomiX Working Papers 2018-44, University of Paris Nanterre, EconomiX.
• Fuchs-Schündeln, Nicola & Bick, Alexander & Brüggemann, Bettina & Paule-Paludkiewicz, Hannah, 2018. "Long-term Changes in Married Couples' Labor Supply and Taxes: Evidence from the US and Europe Since the 1980s," CEPR Discussion Papers 13183, C.E.P.R. Discussion Papers.
• Stefan Ederer & Miriam Rehm, 2018. "Making sense of Piketty's 'Fundamental Laws' in a Post-Keynesian Framework: The transitional dynamics of wealth inequality," FMM Working Paper 35-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Coeurdacier, Nicolas & Barany, Zsofia & Guibaud, Stéphane, 2018. "Capital Flows in an Aging World," CEPR Discussion Papers 13180, C.E.P.R. Discussion Papers.
• Alexei P Kireyev, 2018. "Macro-Fiscal Implications of Climate Change: The Case of Djibouti," IMF Working Papers 18/233, International Monetary Fund.
• International Monetary Fund, 2018. "Solomon Islands; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Solomon Islands," IMF Staff Country Reports 18/309, International Monetary Fund.
• Kaiji Chen & Tao Zha, 2018. "Macroeconomic Effects of China's Financial Policies," NBER Working Papers 25222, National Bureau of Economic Research, Inc.
• Anita Angelovska–Bezhoska & Ana Mitreska & Sultanija Bojcheva-Terzijan, 2018. "The Impact of the ECB’s Quantitative Easing Policy on Capital Flows in the CESEE Region," Working Papers 2018-04, National Bank of the Republic of North Macedonia.
• Araujo, Luis & Cao, Qingqing & Minetti, Raoul & Murro, Pierluigi, 2018. "Credit Crunches, Asset Prices and Technological Change," Working Papers 2018-10, Michigan State University, Department of Economics.
• Rachel Morris & Olivier Cattaneo & Konstantin Poensgen, 2018. "Cabo Verde Transition Finance Country Pilot," OECD Development Co-operation Working Papers 46, OECD Publishing.
• Guillaume Bazot, 2018. "Financial intermediation cost, rents, and productivity: An international comparison," Working Papers 0141, European Historical Economics Society (EHES).
• Langfield, Sam & Liu, Zijun & Ota, Tomohiro & Ferrara, Gerardo, 2018. "Systemic illiquidity in the interbank network," ESRB Working Paper Series 86, European Systemic Risk Board.
• Alexis Stenfors, 2018. "The Covered Interest Parity Puzzle and the Evolution of the Japan Premium," Working Papers in Economics & Finance 2018-10, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
• Coleman, Chase & Lyon, Spencer & Maliar, Serguei, 2018. "Matlab, Python, Julia: What to Choose in Economics?," CEPR Discussion Papers 13210, C.E.P.R. Discussion Papers.
• Kenneth Burdett & Guido Menzio, 2017. "The (Q,S,s) Pricing Rule: A Quantitative Analysis," PIER Working Paper Archive 17-018, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 25 Sep 2017.
• Martín-Román, Ángel L. & Cuéllar Martín, Jaime & Moral, Alfonso, 2018. "Labor supply and the business cycle: The “Bandwagon Worker Effect”," MPRA Paper 89870, University Library of Munich, Germany.
• Fecht, Falko & Reitz, Stefan, 2018. "Dealer behaviour in the Euro money market during times of crisis," Open Access Publications from Kiel Institute for the World Economy 184750, Kiel Institute for the World Economy (IfW Kiel).
• Chiu,Ching-Wai & Hayes, Simon & Kapetanios, George & Theodoridis, Konstantinos, 2018. "A New Approach for Detecting Shifts in Forecast Accuracy," Cardiff Economics Working Papers E2018/24, Cardiff University, Cardiff Business School, Economics Section.
• Bayer, Christian & Kuhn, Moritz, 2018. "Which Ladder to Climb? Decomposing Life Cycle Wage Dynamics," CEPR Discussion Papers 13158, C.E.P.R. Discussion Papers.
• International Monetary Fund, 2018. "Mongolia; Fifth Review Under the Extended Fund Facility Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria-Press Release; Staff Report; Staff Supplement; and ," IMF Staff Country Reports 18/303, International Monetary Fund.
• Robert Barro & Jesus Fernandez-Villaverde & Oren Levintal & Andrew Mollerus, 2017. "Safe Assets," PIER Working Paper Archive 17-008, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 10 May 2017.
• Blanchard, Emily & Willmann, Gerald, 2018. "Unequal Gains, Prolonged Pain: A Model of Protectionist Overshooting and Escalation," CEPR Discussion Papers 13160, C.E.P.R. Discussion Papers.
• International Monetary Fund, 2018. "Chile; 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile," IMF Staff Country Reports 18/311, International Monetary Fund.
• Merz, Monika & Hergovich, Philipp, 2018. "The Price of Capital, Factor Substitutability, and Corporate Profits," CEPR Discussion Papers 13168, C.E.P.R. Discussion Papers.
• Martin Christensen & Andrea Conte & Filippo Di Pietro & Patrizio Lecca & Giovanni Mandras & Simone Salotti, 2018. "The third pillar of the Investment Plan for Europe: An impact assessment using the RHOMOLO model," JRC Working Papers on Territorial Modelling and Analysis 2018-02, Joint Research Centre.
• Mojmir Hampl & Tomas Havranek, 2018. "Central Bank Financial Strength and Inflation: A Meta-Analysis," Research and Policy Notes 2018/01, Czech National Bank.
• International Monetary Fund, 2018. "Mexico; 2018 Article IV Consultation-Press Release; Staff Report; and Staff Statement," IMF Staff Country Reports 18/307, International Monetary Fund.
• Michaël Assous & Muriel Dal Pont Legrand, 2018. "Growth without Expectations:The Original Sin of Neoclassical Growth Models," GREDEG Working Papers 2018-30, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
• Angel De la Fuente, 2018. "Series largas de algunos agregados economicos y demograficos regionales," Working Papers 18/14, BBVA Bank, Economic Research Department.
• Altug, Sumru & Çakmaklı, Cem & Demircan, Hamza, 2018. "Modeling of Economic and Financial Conditions for Nowcasting and Forecasting Recessions: A Unified Approach," CEPR Discussion Papers 13171, C.E.P.R. Discussion Papers.
• International Monetary Fund, 2018. "Republic of Equatorial Guinea; First Review under the Staff-Monitored Program-Press Release; and Staff Report," IMF Staff Country Reports 18/310, International Monetary Fund.
• Funke, Michael & Tsang, Andrew & Zhu, Linxu, 2018. "Not all cities are alike : House price heterogeneity and the design of macro-prudential policies in China," BOFIT Discussion Papers 18/2018, Bank of Finland, Institute for Economies in Transition.
• Christopher Hansen & Joern H. Block & Matthias Neuenkirch, 2018. "Family Firm Performance over the Business Cycle: A Meta-Analysis," Research Papers in Economics 2018-06, University of Trier, Department of Economics.
• Alexander Bick & Bettina Brüggemann & Nicola Fuchs-Schündeln & Hannah Paule-Paludkiewicz, 2018. "Long-Term Changes in Married Couples' Labor Supply and Taxes: Evidence from the US and Europe Since the 1980s," CESifo Working Paper Series 7267, CESifo.
• Friederike Niepmann & Tim Schmidt-Eisenlohr, 2018. "Global Investors, the Dollar, and U.S. Credit Conditions," CESifo Working Paper Series 7288, CESifo.
• Cukierman, Alex, 2018. "Forex intervention and reserve management in Switzerland and Israel since the financial crisis: Comparison and policy lessons," CEPR Discussion Papers 13186, C.E.P.R. Discussion Papers.
• Michal Mares & Martin Slany, 2018. "Early Warning Indicator of financial crises for V4 Countries," Proceedings of Economics and Finance Conferences 6910382, International Institute of Social and Economic Sciences.
• Egor Krivosheya & Ekaterina Semerikova, 2018. "Network effects at retail payments market: evidence from Russian individuals," Proceedings of Economics and Finance Conferences 6910185, International Institute of Social and Economic Sciences.
• Corbisiero, Giuseppe, 2018. "Monetary policy regimes and the lower bound on interest rates," Economic Letters 6/EL/18, Central Bank of Ireland.
• Itai Agur, 2018. "Monetary and Macroprudential Policy Coordination Among Multiple Equilibria," IMF Working Papers 18/235, International Monetary Fund.
• Egor Krivosheya, 2018. "Network effects at retail payments market: evidence from Russian merchants," Proceedings of Economics and Finance Conferences 6910312, International Institute of Social and Economic Sciences.
• Okahara, Naoto, 2018. "銀行の資本構成と自己資本比率規制 [Banks' capital structures and capital regulations]," MPRA Paper 89869, University Library of Munich, Germany.
• Schmid, Lukas & David, Joel & Zeke, David, 2018. "Risk-Adjusted Capital Allocation and Misallocation," CEPR Discussion Papers 13205, C.E.P.R. Discussion Papers.
• Galanis, Giorgos & Veneziani, Roberto & Yoshihara, Naoki, 2018. "The Dynamics of Exploitation and Inequality in Economies with Heterogeneous Agents," Discussion Paper Series 679, Institute of Economic Research, Hitotsubashi University.
• Tim Murray, 2018. "Do Potential Future Health Shocks Keep Older Americans from Using Their Housing Equity?," 2018 Papers pmu533, Job Market Papers.
• Roberto Iacono & Marco Ranaldi, 2018. "Sources of Inequality in Italy," Working Papers 479, ECINEQ, Society for the Study of Economic Inequality.