Report NEP-MAC-2015-11-15

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:

• Stephen McKnight, 2015. "Are consumption taxes preferable to income taxes in preventing macroeconomic instability?," Serie documentos de trabajo del Centro de Estudios Económicos 2015-04, El Colegio de México, Centro de Estudios Económicos.
• Thwaites, Gregory, 2015. "Why are real interest rates so low? Secular stagnation and the relative price of investment goods," Bank of England working papers 564, Bank of England.
• Pao-Lin Tien & Tara M. Sinclair & Edward N. Gamber, 2015. "Do Fed Forecast Errors Matter?," Wesleyan Economics Working Papers 2015-004, Wesleyan University, Department of Economics.
• Congressional Budget Office, 2014. "The 2014 Long-Term Budget Outlook," Reports 45471, Congressional Budget Office.
• Congressional Budget Office, 2015. "The 2015 Long-Term Budget Outlook," Reports 50250, Congressional Budget Office.
• Meijers, Huub & Muysken, Joan & Sleijpen, Olaf, 2015. "Firms' excess savings and the Dutch current account surplus: a stock-flow consistent approach," MERIT Working Papers 2015-040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Daragh Clancy & Pascal Jacquinot & Matija Lozej, 2015. "Government expenditure composition and fiscal policy spillovers in a small open economy within a monetary union," Working Papers 4, European Stability Mechanism.
• Olivier Blanchard & Eugenio Cerutti & Lawrence H. Summers, 2015. "Inflation and Activity: Two Explorations and Their Monetary Policy Implications," Working Paper Series WP15-19, Peterson Institute for International Economics.
• F. Gulcin Ozkan & D. Filiz Unsal, 2015. "Get ready for the Fed lift-off: The role of macroprudential policy," Discussion Papers 15/25, Department of Economics, University of York.
• Amy Higgins & Randal J. Verbrugge, 2015. "Tracking Trend Inflation: Nonseasonally Adjusted Variants of the Median and Trimmed-Mean CPI," Working Papers (Old Series) 1527, Federal Reserve Bank of Cleveland.
• Hertrich, Markus, 2015. "The Costs of Implementing a Unilateral One-Sided Exchange Rate Target Zone," MPRA Paper 67839, University Library of Munich, Germany.
• Wu, Ji & Jeon, Bang Nam & Chen, Minghua & Wang, Rui, 2015. "Monetary Policy and Bank Risk-taking: Evidence from Emerging Economies," School of Economics Working Paper Series 2015-3, LeBow College of Business, Drexel University.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2015. "The Effectiveness of the ECB’s Asset Purchase Programs of 2009 to 2012," Discussion Papers in Economics 15/24, Division of Economics, School of Business, University of Leicester.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2015. "The Effectiveness of The ECB’s Asset Purchase Programs Of 2009 To 2012," Working Papers 199, Bank of Greece.
• Daniel H. Cooper & María Jose Luengo-Prado, 2015. "Household formation over time: evidence from two cohorts of young adults," Current Policy Perspectives 15-4, Federal Reserve Bank of Boston.
• Congressional Budget Office, 2015. "Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output in 2014," Reports 49958, Congressional Budget Office.
• Altavilla, Carlo & Darracq Pariès, Matthieu & Nicoletti, Giulio, 2015. "Loan supply, credit markets and the euro area financial crisis," Working Paper Series 1861, European Central Bank.
• Uddin, Md Akther, 2014. "Can GDP growth rate be used as a benchmark instrument for Islamic monetary policy?," MPRA Paper 67696, University Library of Munich, Germany.
• Neagu, Florian & Tatarici, Luminita & Mihai, Irina, 2015. "Implementing Loan-to-Value and Debt Service-To-Income measures: A decade of Romanian experience," MPRA Paper 65988, University Library of Munich, Germany.
• Neven Vidakovic, 2015. "Exchange Rate Regime And A Household’s Choice Of Debt," Effectus - Working Paper Series 0001, Effectus - University College for Law and Finance.
• William A. Barnett & Biyan Tang, 2015. "Chinese Divisia Monetary Index and GDP Nowcasting," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201506, University of Kansas, Department of Economics, revised Nov 2015.
• Barnett, William A. & Tang, Biyan, 2015. "Chinese Divisia monetary index and GDP nowcasting," MPRA Paper 67691, University Library of Munich, Germany.
• Hills, Robert & Hooley, John & Korniyenko, Yevgeniya & Wieladek, Tomasz, 2015. "International banking and liquidity risk transmission: lessons from the United Kingdom," Bank of England working papers 562, Bank of England.
• Alain Kabundi & Eric Schaling & Modeste Some, 2014. "Monetary Policy and Heterogeneous Inflation Expectations in South Africa," Working Papers 6107, South African Reserve Bank.
• Stefano Eusepi & Emanuel Moench & Bruce Preston & Carlos Carvalho, 2015. "What drives long-run inflation expectations?," 2015 Meeting Papers 1228, Society for Economic Dynamics.
• Verdugo, Gregory, 2015. "Real Wage Cyclicality in the Eurozone Before and During the Great Recession: Evidence from Micro Data," IZA Discussion Papers 9469, Institute of Labor Economics (IZA).
• Bilin Neyapti & Derin Aksit, 2015. "Income Distribution and Economic Crises," Koç University-TUSIAD Economic Research Forum Working Papers 1523, Koc University-TUSIAD Economic Research Forum.
• Dimitris Papageorgiou & Evangelia Vourvachaki, 2015. "The Macroeconomic Impact of Structural Reforms in Product and Labour Markets: Trade-Offs and Complementarities," Working Papers 197, Bank of Greece.
• Sergio Cesaratto, 2015. "L’organetto di Draghi: quattro lezioni critiche sulle misure non convenzionali della ECB sino al Quantitative Easing," a/ Working Papers Series 1510, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
• Congressional Budget Office, 2015. "The Budget and Economic Outlook: 2015 to 2025," Reports 49892, Congressional Budget Office.
• Elosegui, Pedro & Grosman, Nicolas, 2014. "Structural Economic Model for Ecuador: a Dollar-ized and Oil-ized Economy," MPRA Paper 67686, University Library of Munich, Germany.
• Olivier Blanchard & Gustavo Adler & Irineu de Carvalho Filho, 2015. "Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?," Working Paper Series WP15-18, Peterson Institute for International Economics.
• Stefan Kawalec, 2015. "The permanent necessity to undervalue the euro endangers Europe’s trade relations," a/ Working Papers Series 1509, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
• Kodila-Tedika, Oasis & Asongu, Simplice, 2015. "Tribalism and Financial Development," MPRA Paper 67855, University Library of Munich, Germany.
• Bacchetta, Philippe & Merrouche, Ouarda, 2015. "Countercyclical Foreign Currency Borrowing: Eurozone Firms in 2007-2009," CEPR Discussion Papers 10927, C.E.P.R. Discussion Papers.
• K. Istrefi & B. Vonnak, 2015. "Delayed Overshooting Puzzle in Structural Vector Autoregression Models," Working papers 576, Banque de France.
• Helen Louri & Petros M. Migiakis, 2015. "Determinants of euro-area bank lending margins: financial fragmentation and ECB policies," Working Papers 198, Bank of Greece.
• Ngotran, Duong, 2015. "The Surge of Wall Street and The Rise in Income Inequality - Do they share the same root ?," MPRA Paper 67650, University Library of Munich, Germany, revised 20 Oct 2015.
• Cruz-Rodríguez, Alexis, 2015. "Sostenibilidad fiscal y crisis cambiarias: Un análisis empírico [Fiscal sustainability and currency crises: An empirical analysis]," MPRA Paper 67741, University Library of Munich, Germany.
• Heather D. Gibson & Stephen G. Hall & George S. Tavlas, 2015. "How the Euro-Area Sovereign-Debt Crisis Led to a Collapse in Bank Equity Prices," Discussion Papers in Economics 15/25, Division of Economics, School of Business, University of Leicester.
• Congressional Budget Office, 2014. "How CBO Analyzes the Effects of Changes in Federal Fiscal Policies on the Economy," Reports 49494, Congressional Budget Office.
• David Berger & Ricardo Caballero & Eduardo Engel, 2015. "Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models," Working Papers wp412, University of Chile, Department of Economics.
• William Dudley, 2015. "Beyond the macroeconomy," Speech 183, Federal Reserve Bank of New York.
• Njindan Iyke, Bernard, 2015. "On The Term Structure of South African Interest Rates: Cointegration and Threshold Adjustment," MPRA Paper 67681, University Library of Munich, Germany.
• Mark A. Carlson & David C. Wheelock, 2015. "Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve," Working Papers 2015-37, Federal Reserve Bank of St. Louis.
• Joe Peek & Eric Rosengren, 2015. "Credit supply disruptions: from credit crunches to financial crisis," Current Policy Perspectives 15-5, Federal Reserve Bank of Boston.
• Congressional Budget Office, 2015. "Why CBO Projects That Actual Output Will Be Below Potential Output on Average," Reports 49890, Congressional Budget Office.
• Congressional Budget Office, 2015. "Why CBO Projects That Actual Output Will Be Below Potential Output on Average," Reports 49890, Congressional Budget Office.
• Congressional Budget Office, 2014. "Budgetary and Economic Outcomes Under Paths for Federal Revenues and Noninterest Spending Specified by Chairman Ryan, April 2014," Reports 45211, Congressional Budget Office.
• Congressional Budget Office, 2014. "Budgetary and Economic Outcomes Under Paths for Federal Revenues and Noninterest Spending Specified by Chairman Ryan, April 2014," Reports 45211, Congressional Budget Office.
• Item repec:mae:wpaper:2015-07 is not listed on IDEAS anymore

• Leena Rudanko & Per Krusell, 2015. "Unions in a Frictional Labor Market," Discussion Papers 1531, Centre for Macroeconomics (CFM).
• Aitor Erce, 2015. "Bank and sovereign risk feedback loops," Working Papers 1, European Stability Mechanism.
• Item repec:mae:wpaper:2015-10 is not listed on IDEAS anymore

• Shaista Amod & Shakill Hassan, 2014. "Variance Bounds as Thresholds for Excessive Currency Volatility Inflation Targeting Emerging Economies," Working Papers 6516, South African Reserve Bank.
• Stan du Plessis & Ben Smit & Rudi Steinbach, 2014. "A mediumsized open economy DSGE model of South Africa," Working Papers 6319, South African Reserve Bank.
• Powell, Andrew & Panizza, Ugo & Caballero, Julián, 2015. "The second wave of global liquidity: Why are firms acting like financial intermediaries?," CEPR Discussion Papers 10926, C.E.P.R. Discussion Papers.
• Uddin, Md Akther & Halim, Asyraf, 2015. "Islamic monetary policy: Is there an alternative of interest rate?," MPRA Paper 67697, University Library of Munich, Germany, revised 07 Jun 2015.
• Alejandro Badel & Mark Huggett, 2015. "The Sufficient Statistic Approach: Predicting the Top of the Laffer Curve," Working Papers 2015-38, Federal Reserve Bank of St. Louis.
• Mauro Napoletano & Andrea Roventini & Jean Luc Gaffard, 2015. "Toward a low carbon growth in Mexico : is a double dividend possible ? A dynamic general equilibrium assessment," Documents de Travail de l'OFCE 2015-25, Observatoire Francais des Conjonctures Economiques (OFCE).
• Antonio Bianco, 2015. "Shadow Banking, Relationship Banking, and the Economics of Depression," Working Papers 5/15, Sapienza University of Rome, DISS.
• Antonello D Agostino & Caterina Mendicino & Caterina Mendicino, 2015. "Can consumer confidence provide independent information on consumption spending?," Working Papers 2, European Stability Mechanism.
• Assessment of CIS Countries Readiness for Creation of Currency Union & Mironov, Alexey, 2014. "Assessment of CIS Countries Readiness for Creation of Currency Union," Published Papers dok19, Russian Presidential Academy of National Economy and Public Administration.
• Rother, Philipp & Cugnasca, Alessandro, 2015. "Fiscal multipliers during consolidation: evidence from the European Union," Working Paper Series 1863, European Central Bank.
• Laura Coroneo, 2015. "TIPS Liquidity Premium and Quantitative Easing," Discussion Papers 15/23, Department of Economics, University of York.
• Halkos, George & Paizanos, Epameinondas, 2015. "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper 67737, University Library of Munich, Germany.
• Sergei Koulayev & Marc Rysman & Scott Schuh & Joanna Stavins, 2015. "Explaining adoption and use of payment instruments by U.S. consumers," Boston University - Department of Economics - Working Papers Series wp2015-004, Boston University - Department of Economics.
• Majid M. Al-Sadoon, 2016. "Testing Subspace Granger Causality," Working Papers 850, Barcelona School of Economics.
• Luis Eduardo Arango & Freddy Felipe Parra & Álvaro José Pinzón, 2015. "El ciclo económico y el mercado de trabajo en Colombia: 1984 - 2014," Borradores de Economia 13962, Banco de la Republica.
• Carneiro, Pedro & Lopez Garcia, Italo & Salvanes, Kjell G. & Tominey, Emma, 2015. "Intergenerational Mobility and the Timing of Parental Income," IZA Discussion Papers 9479, Institute of Labor Economics (IZA).
• Zhongjun Qu, 2015. "A Composite Likelihood Framework for Analyzing Singular DSGE Models," Boston University - Department of Economics - Working Papers Series wp2015-002, Boston University - Department of Economics.
• Ferlito, Carmelo, 2015. "At the Root of Economic Fluctuations: Expectations, Preferences and Innovation. Theoretical Framework and Empirical Evidences," MPRA Paper 67708, University Library of Munich, Germany.
• Ferlito, Carmelo, 2014. "Il Ciclo Naturale. Perche' le fluttuazioni economiche sono inevitabili. Un'estensione schumpeteriana della teoria austriaca del ciclo economico [The Natural Cycle: Why Economic Fluctuations are Ine," MPRA Paper 67712, University Library of Munich, Germany.
• EZZAHIDI, Elhadj & El Alaoui, Aicha, 2015. "Determinants of the recent growth surge in Africa: what changed since mid-1990s?," MPRA Paper 67792, University Library of Munich, Germany.
• Alessandra Colombelli & Jackie Krafft & Francesco Quatraro, 2014. "High Growth Firms and Technological Knowledge: Do gazelles follow exploration or exploitation strategies?," Post-Print hal-00666707, HAL.
• Joshua C.C. Chan, 2015. "Specification tests for time-varying parameter models with stochastic volatility," CAMA Working Papers 2015-42, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Michael Weber & Daniel Hoang & Francesco D'Acunto, 2015. "Inflation Expectations and Consumption Expenditure," 2015 Meeting Papers 1266, Society for Economic Dynamics.
• Fouquet, Roger & Broadberry, Stephen, 2015. "Seven centuries of European economic growth and decline," LSE Research Online Documents on Economics 63626, London School of Economics and Political Science, LSE Library.
• Raphael Schoenle & Michael Weber & Ernesto Pasten, 2015. "Price Rigidities in a Productive Network," 2015 Meeting Papers 1217, Society for Economic Dynamics.
• Howard Kung & Gonzalo Morales & Francesco Bianchi, 2015. "Monetary/Fiscal Policy Mix and Asset Prices," 2015 Meeting Papers 1224, Society for Economic Dynamics.
• Shakill Hassan & Merrisa Paul & Siobhan Redford, 2015. "Vulnerability to Normalization of Global Financing Conditions An Operational Approach," Working Papers 6941, South African Reserve Bank.
• Giacomo Rodano & Nicolas Serrano-Velarde & Emanuele Tarantino, 2015. "Lending Standards Over the Credit Cycle," Working Papers 563, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
• James B. Bullard, 2015. "Five Questions on U.S. Monetary Policy," Speech 255, Federal Reserve Bank of St. Louis.
• Yikai Wang & Hans Holter & Marcus Hagedorn, 2015. "The Optimum Quantity of Capital and Debt," 2015 Meeting Papers 1220, Society for Economic Dynamics.
• Van Elk, Roel & Verspagen, Bart & Ter Weel, Bas & Van der Wiel, Karen & Wouterse, Bram, 2015. "A macroeconomic analysis of the returns to public R&D investments," MERIT Working Papers 2015-042, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Igor Lebrun, 2015. "Working Paper 04-15 - Potential output growth in Belgium since the crisis - Lower and more uncertain," Working Papers 1504, Federal Planning Bureau, Belgium.
• Luigi Iovino & Jennifer La'O & George-Marios Angeletos, 2015. "The Social Value of Information in a Business-Cycle Model," 2015 Meeting Papers 1299, Society for Economic Dynamics.
• Francesco Sergi, 2015. "L'histoire (faussement) naïve des modèles DSGE," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01222798, HAL.
• Nikolova, Milena, 2015. "Minding the Happiness Gap: Political Institutions and Perceived Quality of Life in Transition," IZA Discussion Papers 9484, Institute of Labor Economics (IZA).
• Charles Gottlieb & Maren Froemel, 2015. "General Equilibrium Effects of Targeted Transfers: The case of EITC," 2015 Meeting Papers 1264, Society for Economic Dynamics.
• Kyriakos C. Neanidis, 2015. "Volatile Capital Flows and Economic Growth: The Role of Macro-prudential Regulation," Centre for Growth and Business Cycle Research Discussion Paper Series 215, Economics, The University of Manchester.
• Strulik, Holger, 2015. "The health hump," University of Göttingen Working Papers in Economics 263, University of Goettingen, Department of Economics.
• Böhm, Sebastian, 2015. "Regional economic integration and factor mobility in unified Germany," FSES Working Papers 463, Faculty of Economics and Social Sciences, University of Freiburg/Fribourg Switzerland.
• Zhongjun Qu & Fan Zhuo, 2015. "Likelihood Ratio Based Tests for Markov Regime Switching," Boston University - Department of Economics - Working Papers Series wp2015-003, Boston University - Department of Economics.
• Sebastian Dyrda, 2015. "Fluctuations in uncertainty, efficient borrowing constraints and firm dynamics," 2015 Meeting Papers 1243, Society for Economic Dynamics.
• Hyeongwoo Kim & Wen Shi & Kwang-Myoung Hwang, 2015. "Estimating Interest Rate Setting Behavior in Korea: A Constrained Ordered Choices Model Approach," Auburn Economics Working Paper Series auwp2015-17, Department of Economics, Auburn University.
• Boris B. Demeshev & Oxana A. Malakhovskaya, 2015. "Forecasting Russian Macroeconomic Indicators with BVAR," HSE Working papers WP BRP 105/EC/2015, National Research University Higher School of Economics.
• Gabriel Ehrlich & Jeffrey Perry, 2015. "Do Large-Scale Refinancing Programs Reduce Mortgage Defaults? Evidence From a Regression Discontinuity Design: Working Paper 2015-06," Working Papers 50871, Congressional Budget Office.
• Sanjay Singh & Gauti Eggertsson, 2015. "The non-linear Calvo model at the zero bound: Some analytic solutions and numerical results," 2015 Meeting Papers 1204, Society for Economic Dynamics.
• Nicola Viegi, 2015. "Labour Market and Monetary Policy in South Africa," Working Papers 6607, South African Reserve Bank.
• Khromov, Michael & Vedev, Alexey, 2015. "Methodology of Compiling Sectoral Financial Balancies in the National Economy," Published Papers dok3, Russian Presidential Academy of National Economy and Public Administration.
• Luis Eduardo Arango & Freddy Felipe Parra & Álvaro José Pinzón, 2015. "El ciclo económico y el mercado de trabajo en Colombia: 1984 - 2014," Borradores de Economia 911, Banco de la Republica de Colombia.
• Horváth, Bálint, 2015. "Essays in financial stability and public policy," Other publications TiSEM 9e6a078e-4278-4438-8d2c-c, Tilburg University, School of Economics and Management.
• Massimo Guidolin & Alexei G. Orlov & Manuela Pedio, 2015. "The Impact of Monetary Policy on Corporate Bonds under Regime Shifts," Working Papers 562, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
• Vafa Anvari & Nelne Ehlers & Rudi Steinbach, 2014. "A semistructural approach to estimate South Africas potential output," Working Papers 6504, South African Reserve Bank.
• John H. Cochrane, 2015. "A New Structure for U.S. Federal Debt," Economics Working Papers 15108, Hoover Institution, Stanford University.
• Rishabh Kumar, 2015. "Savings from top incomes and accumulation in the United States context: Results from disaggregated national accounts," Working Papers 1524, New School for Social Research, Department of Economics.
• Vermeulen, Philip & Buca, Andra, 2015. "Corporate investment and bank-dependent borrowers during the recent financial crisis," Working Paper Series 1859, European Central Bank.
• Izu, Akhenaton & Motanda, Verlin, 2015. "Quid de l’instabilité gouvernementale sur la croissance économique ? [Does the government instability has an impact on the economic growth?]," MPRA Paper 67802, University Library of Munich, Germany, revised 20 Jun 2015.
• David Rappoport & Alexandros Vardoulakis & David Arseneau, 2015. "Secondary Market Liquidity and the Optimal Capital Structure," 2015 Meeting Papers 1274, Society for Economic Dynamics.
• Matteo Cacciatore & Giuseppe Fiori, 2015. "Online Appendix to "The Macroeconomic Effects of Goods and Labor Marlet Deregulation"," Online Appendices 14-313, Review of Economic Dynamics.
• Georges Prat, 2015. "Rueff, Allais, et le chômage d’équilibre," EconomiX Working Papers 2015-30, University of Paris Nanterre, EconomiX.
• Hertrich, Markus, 2015. "Does Credit Risk Impact Liquidity Risk? Evidence from Credit Default Swap Markets," MPRA Paper 67837, University Library of Munich, Germany.
• Katarina Borovickova & Jaroslav Borovicka, 2015. "Discount rates and employment fluctuations," 2015 Meeting Papers 1273, Society for Economic Dynamics.