Search Results

The Long View: Scenarios for the World Economy to 2060,
Yvan Guillemette and David Turner, from OECD Publishing (2018)
Keywords: conditional convergence, fiscal sustainability, governance reform, labour market reform, long-term growth, long-term projection, retirement age

A Look Inside the Box: Combining Aggregate and Marginal Distributions to Identify Joint Distributions,
Marie-Helene Felt, from Bank of Canada (2018)
Keywords: Bank notes; Digital Currencies; Econometric and statistical methods

Swing in the Fed’s balance sheet policy and spillover effects on emerging Asian countries,
Boboy Yves Togba and Seong-Min Yoon, from University Library of Munich, Germany (2018)
Keywords: Quantitative easing; Unconventional monetary policy; International transmission mechanism, Structural panel VAR model; Quantile response.

The quantification of structural reforms,
Balázs Égert, from OECD Publishing (2018)
Keywords: emerging market, employment, institutions, investment, OECD, product and labour market regulation, productivity, structural reform

Does social capital explain the Solow residual? A DSGE approach,
Amedeo Argentiero, Roy Cerqueti and Fabio Sabatini, from University Library of Munich, Germany (2018)
Keywords: social capital; total factor productivity; Solow residual; DSGE models

The Supermultiplier-Cum-Finance. Economic Limits of a Credit Driven System,
Óscar Dejuán and John McCombie, from Centro di Ricerche e Documentazione "Piero Sraffa" (2018)
Keywords: Financial Instability; Supermultiplier; Post-Keynesian Economics; Sraffian Economics

Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence,
Andrew Rose, Mark Spiegel and Jose Lopez, from C.E.P.R. Discussion Papers (2018)
Keywords: Zero bound; Data; Firm; Panel; Empirical; Regression; Deposit; Effective

The Slope of the Term Structure and Recessions: The Pre-Fed Evidence, 1857-1913,
Stefan Gerlach and Rebecca Stuart, from C.E.P.R. Discussion Papers (2018)
Keywords: Term structure; Recessions; Federal Reserve

The Financial Transmission of Housing Booms: Evidence from Spain,
Martín, Alberto, Enrique Moral-Benito and Tom Schmitz, from C.E.P.R. Discussion Papers (2019)
Keywords: Housing booms; Credit; investment; Financial frictions; Financial transmission; Spain

Financial and Fiscal Interaction in the Euro Area Crisis: This Time was Different,
Lucrezia Reichlin, Alberto Caruso and Giovanni Ricco, from C.E.P.R. Discussion Papers (2018)
Keywords: Euro area; Government debt; Recessions

The Network Effects of Fiscal Adjustments,
Carlo Favero, Edoardo Briganti and Madina Karamysheva, from C.E.P.R. Discussion Papers (2018)
Keywords: Industrial networks; Fiscal adjustment plans; Output growth

Macroeconomics with Heterogeneous Agents and Input-Output Networks,
David Baqaee and Emmanuel Farhi, from C.E.P.R. Discussion Papers (2018)
Keywords: Production networks; Heterogeneous agents; Comovement; Propagation; Aggregation

Pricing sin stocks: Ethical preference vs. risk aversion,
Stefano Colonnello, Giuliano Curatola and Alessandro Gioffré, from Leibniz Institute for Financial Research SAFE (2018)
Keywords: Asset Pricing, General Equilibrium, Sin Stocks

The international transmission of monetary policy,
Claudia Buch, Matthieu Bussiere, Linda Goldberg and Robert Hills, from Deutsche Bundesbank (2018)
Keywords: monetary policy, international spillovers, cross-border transmission, global bank, global financial cycle

A Business-cycle-model with Monopolistically-competitive Firms and Calvo Wages: The Case of Bulgaria after the Introduction of the Currency Board (1999-2016),
Aleksandar Vasilev, from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski (2018)
Keywords: business cycles, monopolistic competition, rigid (Calvo) prices, rigid (Calvo) nominal wages

Dissecting the Input-Output Structure of the Greek Economy,
Theodore Mariolis, Eirini Leriou and George Soklis, from University Library of Munich, Germany (2018)
Keywords: Domestic and foreign value added; Greek economy; Industrial policy; Interindustry linkages and leakages; Management of effective demand; Structural transformation

Quantifying economic recovery from the recent global financial crisis,
Leroi Raputsoane, from University Library of Munich, Germany (2018)
Keywords: Global financial crisis, Policy interventions, Economic recovery

Does swap-covered interest parity hold in long-term capital markets after the financial crisis?,
Takahiro Hattori, from Policy Research Institute, Ministry of Finance Japan (2017)
Keywords: Covered interest parity, Cross-currency basis swap, Cointegration, Swap spread, Term structure

Financial friction sources in emerging economies: Structural estimation of sovereign default models,
Takefumi Yamazaki, from Policy Research Institute, Ministry of Finance Japan (2018)
Keywords: Sovereign default, Business cycles, Financial imperfections, Particle filter, Sequential Monte Carlo, Full nonlinear DSGE

A Nowcasting Model for the Growth Rate of Real GDP of Ecuador: Implementing a Time-Varying Intercept,
Daniel Baquero and Manuel González-Astudillo, from Board of Governors of the Federal Reserve System (U.S.) (2018)
Keywords: Ecuador; Secular stagnation; Nowcasting model; Time-varying coefficients

Health, Longevity and Pension Reform,
Tobias Laun, Simen Markussen, Trond Christian Vigtel and Johanna Wallenius, from Uppsala University, Department of Economics (2018)
Keywords: Life cycle; Retirement; Disability insurance; Health

DEEP DYNAMICS,
Nils Gottfries, Glenn Mickelsson and Karolina Stadin, from Uppsala University, Department of Economics (2018)
Keywords: capacity utilization; production factor; labor hoarding; labor productivity; inventory holdings; returns to scale; production function; Solow residual

What Do Survey Data Tell Us about U.S. Businesses?,
Anmol Bhandari, Serdar Birinci, Ellen McGrattan and Kurt See, from Federal Reserve Bank of Minneapolis (2018)
Keywords: Intangibles; Survey data; Business taxes and valuation

Government Guarantees and the Valuation of American Banks,
Andrew Atkeson, Adrien D'Avernas, Andrea Eisfeldt and Pierre-Olivier Weill, from Federal Reserve Bank of Minneapolis (2018)
Keywords: Banking; Bank valuation; Bank leverage; Risk shifting; Bank regulation; Bank financial soundness

Replacement hiring and the productivity-wage gap,
Sushant Acharya and Shu Lin Wee, from Federal Reserve Bank of New York (2018)
Keywords: replacement hiring; productivity-wage gap; unemployment; labor share; efficiency

Growth-indexed Bonds and Debt Distribution: Theoretical Benefits and Practical Limits,
Julien Acalin, from Peterson Institute for International Economics (2018)
Keywords: Growth-indexed bonds, State-contingent bonds, Debt sustainability, Monte Carlo simulations

Unemployment and growth,
Thomas Palley, from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2018)
Keywords: Growth, unemployment, Harrod Knife-edge, endogenous technical progress, Hicks, Kaldor

The role of autonomous demand growth in a neo-Kaleckian conflicting-claims framework,
Won Jun Nah and Marc Lavoie, from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2018)
Keywords: neo-Kaleckian; wage-led growth; autonomous expenditures; conflicting claims

Distribution-led growth through methodological lenses,
Michaelis Nikiforos, from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2018)
Keywords: Kaleckian model, distribution-led, abstraction, closure

Income shares, secular stagnation, and the long-run distribution of wealth,
Luke Petach and Daniele Tavani, from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2018)
Keywords: Capital-Income Ratio, Secular Stagnation, Factor Shares, Wealth Inequality.

Recovering Keynesian Phillips curve theory,
Thomas Palley, from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2018)
Keywords: Natural rate of unemployment, Keynesian Phillips curve, Friedman, Tobin

Firm-level investment spikes and aggregate investment over the Great Recession,
Richard Disney, Helen Miller and Thomas Pope, from Institute for Fiscal Studies (2018)
Keywords: Business investment; adjustment cost; recession; hazard functions; capital structure

Comparing hybrid time-varying parameter VARs,
Joshua Chan and Eric Eisenstat, from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018)
Keywords: state space, marginal likelihood, Bayesian model comparison

Stochastic volatility models with ARMA innovations: An application to G7 inflation forecasts,
Bo Zhang, Joshua Chan and Jamie Cross, from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2018)
Keywords: autoregressive moving average errors, stochastic volatility, inflation forecast, state space models, unobserved components model

Oil and Commodities Drive the World Business Cycle: A Long-Commodity-Cycle Model of the World Economy Over a Century and a Half,
Vo Phuong Mai Le, David Meenagh and A. Patrick Minford, from Cardiff University, Cardiff Business School, Economics Section (2018)
Keywords: Long waves; commodities; DSGE model; Indirect Inference

Uncertainty and spillover effects across the Euro area,
Giovanni Angelini, Mauro Costantini and Joshy Easaw, from Cardiff University, Cardiff Business School, Economics Section (2018)
Keywords: Uncertainty, EuroArea, Spillover effects, Real Economic Activity

Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence,
Jose Lopez, Andrew Rose and Mark Spiegel, from Federal Reserve Bank of San Francisco (2018)

Combining Survey Long-Run Forecasts and Nowcasts with BVAR Forecasts Using Relative Entropy,
Ellis Tallman and Saeed Zaman, from Federal Reserve Bank of Cleveland (2018)
Keywords: Bayesian analysis; relative entropy; survey forecasts; nowcasts; density forecasts; real-time data;

Central Bank Swap Lines,
Saleem Bahaj and Ricardo Reis, from Centre for Macroeconomics (CFM) (2018)
Keywords: Liquidity facilities, Currency basis, Bond portfolio flows

Nonlinear household earnings dynamics, self-insurance, and welfare,
Mariacristina De Nardi, Giulio Fella and Gonzalo Paz-Pardo, from Centre for Macroeconomics (CFM) (2018)
Keywords: Earnings risk, Savings, Consumption, Inequality, Life cycle

Fiscal Stimulus with Learning-By-Doing,
Antonello d’Alessandro, Giulio Fella and Leonardo Melosi, from Centre for Macroeconomics (CFM) (2018)
Keywords: Fiscal policy transmission, Consumption, Real wage

Secular Stagnation: New Challenges for the Industrialized Countries in the 21st Century,
Gilles Dufrénot and Meryem Rhouzlane, from Aix-Marseille School of Economics, France (2018)
Keywords: secular stagnation, natural interest rates, history, industrialized countries

Fiscal Stimulus with Learning-By-Doing,
Antonello dAlessandro, Giulio Fella and Leonardo Melosi, from Federal Reserve Bank of Chicago (2018)
Keywords: Fiscal policy transmission; consumption; real wage

Reconciling Jaimovich-Rebelo Preferences, Habit in Consumption and Labor Supply,
Tom Holden, Paul Levine and Jonathan Swarbrick, from Bank of Canada (2018)
Keywords: Econometric and statistical methods; Inflation and prices

Asset price volatility in EU-6 economies: how large is the role played by the ECB?,
Alessio Ciarlone and Andrea Colabella, from Bank of Italy, Economic Research and International Relations Area (2018)
Keywords: unconventional monetary policy, ECB, Central and Eastern Europe, international spillovers, asset prices, volatility, GARCH models

Short term forecasts of economic activity: are fortnightly factors useful?,
Libero Monteforte and Valentina Raponi, from Bank of Italy, Economic Research and International Relations Area (2018)
Keywords: factor models, Kalman filter, temporal disaggregation, mixed frequency data, forecasting

Labor market and financial shocks: a time varying analysis,
Francesco Corsello and Valerio Nispi Landi, from Bank of Italy, Economic Research and International Relations Area (2018)
Keywords: VAR, labor market conditions, financial markets

Perceived FOMC: The Making of Hawks, Doves and Swingers,
Klodiana Istrefi, from Banque de France (2018)
Keywords: Monetary Policy Committees; Federal Reserve; Policy Preferences

EDB Macroreview, July 2016. EAEU COUNTRIES GROWTH AFTER ADAPTATION,
Yaroslav Lissovolik, Aleksei Kuznetsov and Aigul Berdigulova, from Eurasian Development Bank, Chief Economist Group (2016)
Keywords: macroeconomy; macroeconomic policy; forecasting; Eurasia; EAEU countries; economic growth; monetary policy

EDB Macroreview, October 2016. ECONOMIC RECOVERY TRAJECTORIES IN EURASIA,
Yaroslav Lissovolik, Aleksei Kuznetsov and Aigul Berdigulova, from Eurasian Development Bank, Chief Economist Group (2016)
Keywords: macroeconomy; macroeconomic review; forecasting; Eurasia; EAEU countries; economic growth; monetary policy

Approximating Equilibria with Ex-Post Heterogeneity and Aggregate Risk,
Elisabeth Pröhl, from Swiss Finance Institute (2018)
Keywords: Dynamic stochastic general equilibrium, Incomplete markets, Heterogeneous agents, Aggregate uncertainty, Convergence, Numerical solutions, Polynomial chaos

Financing innovative business investment in Poland,
Antoine Goujard and Pierre Guérin, from OECD Publishing (2018)
Keywords: business environment, financial markets, financing, innovation, investment, Poland

Liquidity Traps and Large-Scale Financial Crises,
Giovanni Caggiano, Efrem Castelnuovo, Olivier Damette, Antoine Parent and Giovanni Pellegrino, from CESifo (2018)
Keywords: Keynesian liquidity trap, Threshold-VAR, monetary and financial cliometrics, Great Depression, Great Recession

Economic Policy Uncertainty Spillovers in Booms and Busts,
Giovanni Caggiano, Efrem Castelnuovo and Juan Manuel Figueres, from CESifo (2018)
Keywords: economic policy uncertainty shocks, spillover effects, unemployment dynamics, smooth transition vector autoregressions, recessions

Legislative Restraint in Corporate Bailout Design,
Mark Gradstein and Michael Kaganovich, from CESifo (2018)
Keywords: political economy, corporate bailouts

Leaning Against Housing Prices as Robustly Optimal Monetary Policy,
Klaus Adam and Michael Woodford, from CESifo (2018)
Keywords: asset price bubbles, leaning against the wind, inflation targeting

Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission,
Thomas Hintermaier and Winfried Koeniger, from CESifo (2018)
Keywords: consumption, household portfolios, housing, monetary policy transmission, forward guidance

What inflation measure should a currency union target?,
William Barnett, Chan Wang, Xue Wang and Liyuan Wu, from University Library of Munich, Germany (2018)
Keywords: Core inflation; Headline inflation; Optimal monetary policy; Currency union; Welfare.

Time-varying Price Flexibility and Inflation Dynamics,
Ivan Petrella, Emiliano Santoro and Lasse Simonsen, from C.E.P.R. Discussion Papers (2018)
Keywords: inflation; Price flexibility; Ss models

Fiscal policies in the euro area: revisiting the size of spillovers,
Mario Alloza, Pablo Burriel and Javier Pérez, from Banco de España (2018)
Keywords: fiscal policy; fiscal spillovers; euro area; vector autoregressions

Extraction of inflation expectations from financial instruments in Latin America,
Alberto Fuertes, Ricardo Gimeno and José Manuel Marqués, from Banco de España (2018)
Keywords: inflation expectations, affine model, real interest rate, risk premium

On the Evolution of the United Kingdom Price Distributions,
Ba Chu, Kim Huynh, David Jacho-Chávez and Oleksiy Kryvtsov, from Bank of Canada (2018)
Keywords: Econometric and statistical methods; Inflation and prices

Central Bank Swap Lines,
Saleem Bahaj, from C.E.P.R. Discussion Papers (2018)
Keywords: Liquidity facilities; Currency basis; Bond portfolio flows

Time-varying cointegrating regression analysis with an application to the long-run interest rate pass-through in the Euro Area,
Julio A. Afonso-Rodríguez and María Santana-Gallego, from Asociación Española de Economía y Finanzas Internacionales (2018)
Keywords: retail interest rates, monetary policy, cointegration analysis, structural instability, time-varying cointegration

The Nature of Firm Growth,
Benjamin Pugsley, Petr Sedlacek and Vincent Sterk, from U.S. Census Bureau, Center for Economic Studies (2018)
Keywords: Firm Dynamics, Startups, Macroeconomics, Big Data

Zooming the Ins and Outs of the U.S. Unemployment with a Wavelet Lens,
Pedro Portugal and António Rua, from Institute of Labor Economics (IZA) (2018)
Keywords: worker flows, job separation rate, job finding rate, wavelets

Long-Run Patterns of Labour Market Polarisation: Evidence from German Micro Data,
Ronald Bachmann, Merve Cim and Colin Green, from Institute of Labor Economics (IZA) (2018)
Keywords: polarization, occupational mobility, worker flows, tasks

German Public Attitudes Towards Asylum Seekers, Immigrants in the Workplace, Inflation, and Local Budgets: Evidence from a Representative Survey of the German Population,
Bernd Hayo, Israel García, Pierre-Guillaume Méon, Florian Neumeier and Duncan Roth, from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2018)
Keywords: Survey evidence, Attitudes, Asylum seekers, Migrating workers, Inflation, Monetary policy, Local budgets, Germany

ECB vs Bundesbank: Diverging Tones and Policy Effectiveness,
Peter Tillmann and Andreas Walter, from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2018)
Keywords: Central bank communication, diverging tones, speeches, text analysis, monetary transmission

Survey on Germans’ Attitudes Towards and Knowledge of Monetary Policy Issues: Documentation of Survey Methodology and Descriptive Results,
Bernd Hayo and Edith Neuenkirch, from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) (2018)
Keywords: Household survey, Germany, Monetary policy, European Central Bank, Public preferences, Economic literacy

Persistence and Cyclical Dynamics of US and UK House Prices: Evidence from Over 150 Years of Data,
Giorgio Canarella, Luis Gil-Alana, Rangan Gupta and Stephen Miller, from University of Pretoria, Department of Economics (2018)
Keywords: Long memory, house prices, fractional integration, cycles

Conventional and Unconventional Monetary Policy Reaction to Uncertainty in Advanced Economies: Evidence from Quantile Regressions,
Christina Christou, Ruthira Naraidoo and Rangan Gupta, from University of Pretoria, Department of Economics (2018)
Keywords: Interest rate rule, zero lower bound, shadow rate of interest, uncertainty, advanced economies

Varieties of Capitalism, Increasing Income Inequality, and the Sustainability of Long-Run Growth,
Mark Setterfield and Yk Kim, from New School for Social Research, Department of Economics (2018)
Keywords: Varieties of capitalism, neoliberalism, inequality, growth, financial fragility, financial sustainability

College Access and Attendance Patterns: A Long-Run View,
Lutz Hendricks, Christopher Herrington and Todd Schoellman, from Federal Reserve Bank of Minneapolis (2018)
Keywords: College access; Intergenerational mobility; Human capital

Decreased Effectiveness of Fiscal and Monetary Policies in Japan’s Aging Society,
Naoyuki Yoshino and Hiroaki Miyamoto, from Asian Development Bank Institute (2017)
Keywords: aging population; aging society; fiscal policy; monetary policy

Fair Premium Rate of the Deposit Insurance System based on Banks’ Creditworthiness,
Naoyuki Yoshino, Farhad Taghizadeh-Hesary and Farhad Nili, from Asian Development Bank Institute (2017)
Keywords: deposit insurance premium rate; forecasting nonperforming loans; idiosyncratic shocks

Alternatives to Bank Finance: Role of Carbon Tax and Hometown Investment Trust Funds in Developing Green Energy Projects in Asia,
Naoyuki Yoshino and Farhad Taghizadeh-Hesary, from Asian Development Bank Institute (2017)
Keywords: carbon tax; green energy; renewable energy; hometown investment trust funds; HITs

Trade Linkages and Transmission of Oil Price Fluctuations in a Model Incorporating Monetary Variables,
Farhad Taghizadeh-Hesary, Ehsan Rasoulinezhad and Naoyuki Yoshino, from Asian Development Bank Institute (2017)
Keywords: crude oil price; trade linkage; direct and indirect effect of oil shocks

Reported MPC and Unobserved Heterogeneity,
Tullio Jappelli and Luigi Pistaferri, from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2018)
Keywords: Transitory Income Shocks; Marginal Propensity to Consume; Panel Data

Regional Transfer Multipliers,
Raphael Corbi and Paolo Surico Elias Papaioannou, from University of São Paulo (FEA-USP) (2018)
Keywords: natural experiment; ‘fuzzy’ RD; government spending; employment; wages

The economics of monetary unions,
Michal Kobielarz, from Tilburg University, School of Economics and Management (2018)

Meritocracy, Public-Sector Pay and Human Capital Accumulation,
Andri Chassamboulli and Pedro Gomes, from University of Cyprus Department of Economics (2018)
Keywords: Public-sector employment; meritocracy; public-sector wages; unemployment; skilled workers; human capital accumulation

Montenegro’s Unilateral Euroization,
Arslan Razmi, from University of Massachusetts Amherst, Department of Economics (2018)
Keywords: Montenegro, euroization, dollarization, currency union, optimal currency areas.

Securing financial stability through macroprudential measures,
Daniel Jeongdae Lee, Jose Antonio Pedrosa-Garcia and Kiatkanid Pongpanich, from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) (2018)