Report NEP-MAC-2019-09-16

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:

• Jesus Fernandez-Villaverde & Federico Mandelman & Yang Yu & Francesco Zanetti, 2019. "Search Complementarities, Aggregate Fluctuations,and Fiscal Policy," BCAM Working Papers 1905, Birkbeck Centre for Applied Macroeconomics.
• Dimitris Mokas & Rob Nijskens, 2019. "Credit risk in commercial real estate bank loans: the role of idiosyncratic versus macro-economic factors," DNB Working Papers 653, Netherlands Central Bank, Research Department.
• Raphael A. Auer & Steven Ongena, 2019. "The Countercyclical Capital Buffer and the Composition of Bank Lending," CESifo Working Paper Series 7815, CESifo.
• Pierre L Siklos, 2019. "US monetary policy since the 1950s and the changing content of FOMC minutes," CAMA Working Papers 2019-69, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Strehl, Wolfgang, 2019. "Revisiting the progressive consumption tax: A business cycle perspective," Discussion Papers 2019/13, Free University Berlin, School of Business & Economics.
• Alpanda, Sami & Granziera, Eleonora & Zubairy, Sarah, 2019. "State dependence of monetary policy across business, credit and interest rate cycles," Research Discussion Papers 16/2019, Bank of Finland.
• Hashmat Khan & Jean-François Rouillard & Santosh Upadhayaya, 2019. "Consumer Confidence and Household Investment," Carleton Economic Papers 19-06, Carleton University, Department of Economics, revised 04 Jan 2024.
• Isaac Baley & Ana Figueiredo & Robert Ulbricht, 2019. "Mismatch Cycles," Boston College Working Papers in Economics 981, Boston College Department of Economics, revised 04 Aug 2021.
• Gibbs, Christopher G. & McClung, Nigel, 2019. "Does my model predict a forward guidance puzzle?," Research Discussion Papers 19, Bank of Finland.
• Yakov Ben-Haim & Jan Willem van den End, 2019. "Fundamental uncertainty about the natural rate of interest: Info-gap as guide for monetary policy," DNB Working Papers 650, Netherlands Central Bank, Research Department.
• Takayasu Ito, 2019. "Monetary Policy Expectations and Money Market in Japan : Analysis of Non-traditional Monetary Policy Regimes," Proceedings of International Academic Conferences 8710640, International Institute of Social and Economic Sciences.
• Ansgar Belke & Jens Klose, 2019. "Forecasting ECB Policy Rates with Different Monetary Policy Rules," ROME Working Papers 201906, ROME Network.
• Bhattacharya, Rudrani & Tripathi, Shruti & Chowdhury, Sahana Roy, 2019. "Financial structure, institutional quality and monetary policy transmission: A Meta-Analysis," Working Papers 19/274, National Institute of Public Finance and Policy.
• Hossein Tavakolian & Hamed Ghiaie, 2019. "Optimal Inflation Targeting in a Dual-Exchange Rate Oil Economy," THEMA Working Papers 2019-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
• Helen Lao & Ceciline Steyn, 2019. "A Comprehensive Evaluation of Measures of Core Inflation in Canada: An Update," Discussion Papers 2019-9, Bank of Canada.
• Ansgar Belke & Christian Dreger, 2019. "Did interest rates at the zero lower bound affect lending of com-mercial banks? Evidence for the Euro area," ROME Working Papers 201907, ROME Network.
• Bobeica, Elena & Koester, Gerrit & Lis, Eliza & Nickel, Christiane & Porqueddu, Mario, 2019. "Understanding low wage growth in the euro area and European countries," Occasional Paper Series 232, European Central Bank.
• Manuel García-Santana & Josep Pijoan-Mas & Lucciano Villacorta, 2019. "Investment Demand and Structural Change," Working Papers 1113, Barcelona School of Economics.
• Ansgar Belke & Coletta Frenzel Baudisch, 2019. "Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment - Evidence for the Euro Area," ROME Working Papers 201910, ROME Network.
• Francesco D’Acunto & Ulrike Malmendier & Juan Ospina & Michael Weber, 2019. "Exposure to Daily Price Changes and Inflation Expectations," NBER Working Papers 26237, National Bureau of Economic Research, Inc.
• Nikos Apokoritis & Gabriele Galati & Richhild Moessner & Federica Teppa, 2019. "Inflation expectations anchoring: new insights from micro evidence of a survey at high-frequency and of distributions," DNB Working Papers 652, Netherlands Central Bank, Research Department.
• Nikos Apokoritis & Gabriele Galati & Richhild Moessner & Federica Teppa, 2019. "Inflation expectations anchoring: new insights from micro evidence of a survey at high-frequency and of distributions," BIS Working Papers 809, Bank for International Settlements.
• Jérôme TRINH, 2019. "Disaggregating the Chinese annual national accounts to quarterly series," THEMA Working Papers 2019-08, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
• Fernando Arce & Julien Bengui & Javier Bianchi, 2019. "A Macroprudential Theory of Foreign Reserve Accumulation," NBER Working Papers 26236, National Bureau of Economic Research, Inc.
• Apostolos Serletis & Wei Dai, "undated". "On the Markov Switching Welfare Cost of Inflation," Working Papers 2019-12, Department of Economics, University of Calgary, revised 30 Aug 2019.
• Heiner Mikosch & Laura Solanko, 2018. "Should one follow movements in the oil price or in money supply? Forecasting quarterly GDP growth in Russia with higher†frequency indicators," KOF Working papers 18-438, KOF Swiss Economic Institute, ETH Zurich.
• Cars Hommes & Kostas Mavromatis & Tolga Ozden & Mei Zhu, 2019. "Behavioral learning equilibria in the New Keynesian model," DNB Working Papers 654, Netherlands Central Bank, Research Department.
• Markus K. Brunnermeier & Ricardo Reis, 2019. "A Crash Course on the Euro Crisis," NBER Working Papers 26229, National Bureau of Economic Research, Inc.
• Chakraborty, Lekha & Chakraborty, Pinaki & Shrestha, Ruzel, 2019. "Budget Credibility of Subnational Governments: Analyzing the Fiscal Forecasting Errors of 28 States in India," Working Papers 19/280, National Institute of Public Finance and Policy.
• Aase, Knut K. & Bjerksund, Petter, 2019. "The optimal extraction rate versus the expected real return of a sovereign wealth fund: Some simulations," Discussion Papers 2019/7, Norwegian School of Economics, Department of Business and Management Science, revised 03 Feb 2021.
• Kjetil Storesletten & Bo Zhao & Fabrizio Zilibotti, 2019. "Business Cycle during Structural Change: Arthur Lewis' Theory from a Neoclassical Perspective," Cowles Foundation Discussion Papers 2191, Cowles Foundation for Research in Economics, Yale University.
• Ravi Bansal & Mariano Max Croce & Wenxi Liao & Samuel Rosen, 2019. "Uncertainty-Induced Reallocations and Growth," NBER Working Papers 26248, National Bureau of Economic Research, Inc.
• Mykola Babiak & Roman Kozhan, 2019. "Parameter Learning in Production Economies," CERGE-EI Working Papers wp640, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Sanvi Avouyi-Dovi & Christian Pfister & Franck Sédillot, 2019. "French Households’ Portfolio: The Financial Almost Ideal Demand System Appraisal," Working papers 728, Banque de France.
• Detzer, Daniel, 2019. "Financialization made in Germany: A review," IPE Working Papers 122/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Ambrocio, Gene, 2019. "Measuring household uncertainty in EU countries," Research Discussion Papers 17/2019, Bank of Finland.
• Athanasios Geromichalos & Juan M. Licari & Jose Suarez-Lledo, 2019. "Illiquid Financial Markets and Monetary Policy," Papers 1909.01889, arXiv.org.
• Jean-Bernard Chatelain & Kirsten Ralf, 2019. "Ramsey Optimal Policy in the New-Keynesian Model with Public Debt," PSE Working Papers halshs-02278781, HAL.
• Signe Krogstrup & William Oman, 2019. "Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature," IMF Working Papers 19/185, International Monetary Fund.
• 島澤, 諭 & 堤, 雅彦 & 難波, 了一, 2019. "世代内・世代間の受益・負担構造に関する研究 : 全国消費実態調査を用いた世代会計モデルを軸に, New estimate of a Generational Accounting Model using the latest National Survey of Family Income and Expenditure," CIS Discussion paper series 681, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
• Nina Biljanovska & Lucyna Gornicka & Alexandros Vardoulakis, 2019. "Optimal Macroprudential Policy and Asset Price Bubbles," IMF Working Papers 19/184, International Monetary Fund.
• Ansgar Belke & Edoardo Beretta, 2019. "From Cash to Central Bank Digital Currencies and Cryptocurrencies: a balancing act between modernity and monetary stability," ROME Working Papers 201909, ROME Network.
• Jean-Bernard Chatelain & Kirsten Ralf, 2020. "Ramsey Optimal Policy versus Multiple Equilibria with Fiscal and Monetary Interactions," PSE Working Papers halshs-02278791, HAL.
• Grajales-Olarte, Anderson & Uras, Burak R. & Vellekoop, Nathanael, 2019. "Rigid wages and contracts: Time- versus state-dependent wages in the Netherlands," SAFE Working Paper Series 258, Leibniz Institute for Financial Research SAFE.
• Cesar E Tamayo & Andrés Fernández & Ay¸se ?Imrohoro?glu, 2019. "Saving Rates in Latin America: A Neoclassical Perspective," Documentos de Trabajo de Valor Público 17405, Universidad EAFIT.
• Ryota Nakatani, 2019. "A Possible Approach to Fiscal Rules in Small Islands — Incorporating Natural Disasters and Climate Change," IMF Working Papers 19/186, International Monetary Fund.
• De Agostini, Paula & Hills, John & Sutherland, Holly, 2018. "Were we really all in it together? The distributional effects of the 2010-2015 UK Coalition government's tax-benefit policy changes," LSE Research Online Documents on Economics 82895, London School of Economics and Political Science, LSE Library.
• Charu Bhurat, 2019. "Brics Nations And Financial Inclusion: A Comparative Study Of The Brics Nations Using Various Finanical Inclusion Indicators," Proceedings of International Academic Conferences 9011574, International Institute of Social and Economic Sciences.
• Ansgar Belke & Timo Baas, 2019. "Oil price shocks, monetary policy and current account imbalances within a currency union," ROME Working Papers 201903, ROME Network.
• Oguzhan Cepni & Rangan Gupta & Zhihui Lv, 2019. "Threshold Effects of Inequality on Economic Growth in the US States: The Role of Human Capital to Physical Capital Ratio," Working Papers 201968, University of Pretoria, Department of Economics.
• Olivier Coibion & Dimitris Georgarakos & Yuriy Gorodnichenko & Maarten van Rooij, 2019. "How does consumption respond to news about inflation? Field evidence from a randomized control trial," DNB Working Papers 651, Netherlands Central Bank, Research Department.
• Chakraborty, Lekha, 2019. "Gender Budgeting as PFM in OECD Countries: Empirical Evidence from Sweden," Working Papers 19/277, National Institute of Public Finance and Policy.
• Li, Delong & Lu, Lei & Mu, Congming & Yang, Jinqiang, 2019. "Biased beliefs, costly external finance, and firm behavior : A Unified theory," Research Discussion Papers 18/2019, Bank of Finland.
• Yunus Aksoy & Henrique S. Basso & Carolyn St Aubyn, 2019. "Time Variation in Lifecycle Consumption and Income," BCAM Working Papers 1904, Birkbeck Centre for Applied Macroeconomics.
• Prante, Franz J., 2019. "Income distribution and the multiplier: An exploration of nonlinear distribution effects in linear Kaleckian distribution and growth models," IPE Working Papers 121/2019, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Gabriela Galassi & David Koll & Lukas Mayr, 2019. "The Intergenerational Correlation of Employment: Is There a Role for Work Culture?," Staff Working Papers 19-33, Bank of Canada.
• Abhisek Sur & Amarendu Nandy & Partha Ray, 2019. "Corporate Leverage, Vulnerability And Implications For Bank Stability: Firm Level Evidence From India," Proceedings of International Academic Conferences 9011417, International Institute of Social and Economic Sciences.
• Gert Peersman & Sebastian K. Rüth & Wouter Van der Veken, 2019. "The Interplay between Oil and Food Commodity Prices: Has It Changed over Time?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/978, Ghent University, Faculty of Economics and Business Administration.
• Jose Luis Luna-Alpizar, 2019. "Worker Heterogeneity and the Asymmetric Effects of Minimum Wages," CERGE-EI Working Papers wp642, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Malte Krüger, 2019. "Multilaterale Interchange-Gebühren: Man sollte das Kind nicht mit dem Bade ausschütten," ROME Working Papers 201905, ROME Network.
• Jose David GARCIA REVELO & Yannick LUCOTTE & Florian PRADINES-JOBET, 2019. "Macroprudential and Monetary Policies : The Need to Dance the Tango in Harmony," LEO Working Papers / DR LEO 2691, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
• Marwa Elsherif, 2019. "The Relationship between Financial Inclusion and Monetary Policy Transmission: The Case of Egypt," Proceedings of International Academic Conferences 9010737, International Institute of Social and Economic Sciences.
• Gechert, Sebastian & Havranek, Tomas & Irsova, Zuzana & Kolcunova, Dominika, 2019. "Death to the Cobb-Douglas Production Function? A Quantitative Survey of the Capital-Labor Substitution Elasticity," EconStor Preprints 203136, ZBW - Leibniz Information Centre for Economics.
• Young-Han Kim & Hanjoon Jung, 2019. "Timing of Government Intervention and the Multiple Equilibria of Currency Crisis," Proceedings of International Academic Conferences 8711341, International Institute of Social and Economic Sciences.
• Robert W. Dimand, 2019. "Macroeconomic Dynamics at the Cowles Commission from the 1930s to the 1950s," Cowles Foundation Discussion Papers 2195, Cowles Foundation for Research in Economics, Yale University.
• Simplice Asongu, 2019. "Financial Access and Productivity Dynamics in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 19/052, African Governance and Development Institute..
• Peter C.B. Phillips & Zhentao Shi, 2019. "Boosting the Hodrick-Prescott Filter," Cowles Foundation Discussion Papers 2192, Cowles Foundation for Research in Economics, Yale University.
• Richard Blundell & Ran Gu & Soren Leth-Petersen & Hamish Low & Costas Meghir, 2019. "Durables and Lemons: Private Information and the Market for Cars," Cowles Foundation Discussion Papers 2197, Cowles Foundation for Research in Economics, Yale University.
• 深尾, 京司 & Fukao, Kyoji & 牧野, 達治 & Makino, Tatsuji & 攝津, 斉彦 & Settsu, Tokihiko, 2019. "日本経済の成長会計分析 : 1885-1970年, Structural Change, Capital Deepening, and TFP Growth in Japan: 1885-1970," SSPJ Discussion Paper Series DP19-001, Service Sector Productivity in Japan: Determinants and Policies, Institute of Economic Research, Hitotsubashi University.
• Fabian J. Baier, 2019. "Foreign Direct Investment and Tax: OECD Gravity Modelling in a World with International Financial Institutions," EIIW Discussion paper disbei261, Universitätsbibliothek Wuppertal, University Library.
• Hairong Mu, 2019. "The influence of environment regulation on marine economy efficiency: evidence from China," Proceedings of International Academic Conferences 8711339, International Institute of Social and Economic Sciences.
• Beata Guziejewska & Joanna Dzia?o, 2019. "Municipal indebtedness in Poland ? formal and informal conditions," Proceedings of International Academic Conferences 8711414, International Institute of Social and Economic Sciences.
• Dold, Malte & Krieger, Tim, 2019. "The ideological use and abuse of Freiburg's ordoliberalism," Discussion Paper Series 2019-04, University of Freiburg, Wilfried Guth Endowed Chair for Constitutional Political Economy and Competition Policy.