Report NEP-MAC-2015-07-25

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:

• Melesse Wondemhunegn Ezezew, 2015. "Small DSGE Model with Financial Frictions," Working Papers 2015:20, Department of Economics, University of Venice "Ca' Foscari".
• Antonio M. Conti & Stefano Neri & Andrea Nobili, 2015. "Why is inflation so low in the euro area?," Temi di discussione (Economic working papers) 1019, Bank of Italy, Economic Research and International Relations Area.
• Isoré, Marlène & Szczerbowicz, Urszula, 2015. "Disaster risk and preference shifts in a New Keynesian model," MPRA Paper 65643, University Library of Munich, Germany.
• Barrdear, John, 2015. "Towards a New Keynesian theory of the price level," Bank of England working papers 532, Bank of England.
• Hollmayr, Josef & Matthes, Christian, 2015. "Tales of transition paths: Policy uncertainty and random walks," Discussion Papers 14/2015, Deutsche Bundesbank.
• Blanchard, Olivier & Erceg, Christopher J. & Lindé, Jesper, 2015. "Jump-Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?," Working Paper Series 304, Sveriges Riksbank (Central Bank of Sweden).
• Medel, Carlos A., 2015. "A Critical Review of Posch, J. and F. Rumler (2015), 'Semi-Structural Forecasting of UK Inflation Based on the Hybrid New Keynesian Phillips Curve,' Journal of Forecasting 34(2): 145-62," MPRA Paper 65665, University Library of Munich, Germany.
• Matias Escudero & Martin Gonzalez-Rozada & Martin Sola, 2014. "Towards a “New” Inflation Targeting Framework: The Case of Uruguay," Department of Economics Working Papers 2014-01, Universidad Torcuato Di Tella.
• Theodoros S. Papaspyrou, 2015. "EMU 2.0 Drawing Lessons From the Crisis - a New Framework For Stability and Growth," Working Papers 192, Bank of Greece.
• Fabio C. Bagliano & Claudio Morana, 2015. "It ain't over till it's over: A global perspective on the Great Moderation-Great Recession interconnection," Working papers 031, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
• Congressional Budget Office, 2015. "The 2015 Long-Term Budget Outlook," Reports 50250, Congressional Budget Office.
• Fabrice Murtin & Jean-Marc Robin, 2014. "Labor market reforms and unemployment dynamics," SciencePo Working papers Main hal-03602692, HAL.
• Marcello Pericoli & Giovanni Veronese, 2015. "Forecaster heterogeneity, surprises and financial markets," Temi di discussione (Economic working papers) 1020, Bank of Italy, Economic Research and International Relations Area.
• Leeper, Eric M. & Nason, James M., 2015. "Bringing Financial Stability into Monetary Policy," Working Paper Series 305, Sveriges Riksbank (Central Bank of Sweden).
• Shesadri Banerjee and Parantap Basu, 2015. "A Dynamic Stochastic General Equilibrium Model for India," Macroeconomics Working Papers 24975, East Asian Bureau of Economic Research.
• Mehmet Balcilar & Rangan Gupta & Charl Jooste, 2015. "The South African Economic Response to Monetary Policy Uncertainty," Working Papers 201551, University of Pretoria, Department of Economics.
• World Bank Group, 2015. "Bhutan Development Update, April 2015," World Bank Publications - Reports 22070, The World Bank Group.
• Etienne Gagnon & J. David López-Salido & Jason A. Sockin, 2015. "The Cyclicality of Sales, Regular and Effective Prices: Comment," Finance and Economics Discussion Series 2015-52, Board of Governors of the Federal Reserve System (U.S.).
• Tom Krebs & Moritz Kuhn & Mark Wright, 2015. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," Working Papers 2015-010, Human Capital and Economic Opportunity Working Group.
• Núria Quella-Isla & Sílvio Rendon, 2015. "Interactions between job search and housing decisions: a structural estimation," Working Papers 15-27, Federal Reserve Bank of Philadelphia.
• Razmi, Fatemeh & Mohamed, Azali & Chin, Lee & Habibullah, Muzafar Shah, 2015. "The role of monetary policy in macroeconomic volatility of ASEAN-4 countries against oil price shock over time," MPRA Paper 65714, University Library of Munich, Germany.
• Jang-Ting Guo & Shu-Hua Chen, 2015. "Progressive Taxation, Endogenous Growth, and Macroeconomic (In)stability," Working Papers 201509, University of California at Riverside, Department of Economics.
• Item repec:spo:wpmain:info:hdl:2441/5taek6gt3k8m0r69e1j1ombcc5 is not listed on IDEAS anymore

• Kundu, Nobinkhor & Mollah, Muhammad Musharuf Hossain, 2014. "Empirical Approaches to the Post-Keynesian Theory of Demand for Money: An Error Correction Model of Bangladesh," MPRA Paper 65727, University Library of Munich, Germany, revised 14 Oct 2014.
• World Bank Group, 2015. "Armenia Economic Update, Spring 2015," World Bank Publications - Reports 22072, The World Bank Group.
• Anastasios Evgenidis & Costas Siriopoulos, 2015. "What are the International Channels Through Which a US Policy Shock is Transmitted to The World Economies? Evidence from a Time Varying FAVAR," Working Papers 190, Bank of Greece.
• Kajal Lahiri & George Monokroussos & Yongchen Zhao, 2015. "Forecasting Consumption: The Role of Consumer Confidence in Real Time with many Predictors," Working Papers 2015-02, Towson University, Department of Economics, revised Jul 2015.
• Joseph E. Stiglitz, 2015. "The Measurement of Wealth: Recessions, Sustainability and Inequality," NBER Working Papers 21327, National Bureau of Economic Research, Inc.
• World Bank Group, 2014. "Kenya Economic Update, December 2014, No. 11," World Bank Publications - Reports 21803, The World Bank Group.
• L. Marattin & S. Meraglia, 2015. "Potential Output and Fiscal Rules in a Monetary Union under Asymmetric Information," Working Papers wp1018, Dipartimento Scienze Economiche, Universita' di Bologna.
• De Koning, Kees, 2015. "Debts should come with a serious economic health warning!," MPRA Paper 65647, University Library of Munich, Germany.
• World Bank, 2015. "Afghanistan Economic Update, April 2015," World Bank Publications - Reports 21894, The World Bank Group.
• Item repec:spo:wpmain:info:hdl:2441/6krnfp4alc80oa55v0i3jrhl18 is not listed on IDEAS anymore

• World Bank, 2014. "Lebanon Economic Monitor, Spring 2014," World Bank Publications - Reports 21968, The World Bank Group.
• Gluschenko, Konstantin, 2015. "Анализ Официальных И Альтернативных Оценок Инфляции [Analysis of official and alternative estimates of inflation]," MPRA Paper 65670, University Library of Munich, Germany.
• World Bank, 2015. "Pakistan Development Update, April 2015," World Bank Publications - Reports 21752, The World Bank Group.
• Imane El Ouadghiri, 2015. "Heterogeneity in Macroeconomic News Expectations: A disaggregate level analysis," EconomiX Working Papers 2015-17, University of Paris Nanterre, EconomiX.
• Perederiy, Volodymyr, 2015. "Endogenous derivation and forecast of lifetime PDs," MPRA Paper 65679, University Library of Munich, Germany.
• World Bank, 2015. "Bangladesh Development Update, April 2015," World Bank Publications - Reports 21777, The World Bank Group.
• World Bank Group, 2015. "Russian Economic Report, April 2015," World Bank Publications - Reports 21781, The World Bank Group.
• Uribe, Martín & Schmitt-Grohé, Stephanie & Yue, Vivian & Na, Seunghoon, 2015. "A Model of the Twin Ds: Optimal Default and Devaluation," CEPR Discussion Papers 10697, C.E.P.R. Discussion Papers.
• World Bank, 2015. "Egypt Economic Monitor, Spring 2015," World Bank Publications - Reports 22071, The World Bank Group.
• World Bank Group, 2015. "Maintaining High Growth," World Bank Publications - Reports 21904, The World Bank Group.
• Mustafa Kiziltan & Anna Golovko, 2015. "Analysis the Determinants of Inflation Dynamics in Turkey," Proceedings of International Academic Conferences 2604411, International Institute of Social and Economic Sciences.
• Kevin Mumford, 2015. "Prosperity, sustainability and the measurement of wealth," EABER Working Papers 24841, East Asian Bureau of Economic Research.
• Taehyun Lee & Altantsetseg Shiilegmaa & Davaadalai Batsuuri, 2014. "Mongolia Economic Update, December 2014," World Bank Publications - Reports 21802, The World Bank Group.
• Keomanivone Phimmahasay, 2015. "Lao Economic Monitor, April 2015," World Bank Publications - Reports 21773, The World Bank Group.
• World Bank Group, 2015. "Cote d'Ivoire Economic Update, March 2015," World Bank Publications - Reports 21774, The World Bank Group.
• David Kohn, 2015. "Addicted to Debt: Foreign Purchases of U.S. Treasuries and the Term-Premium," Department of Economics Working Papers 2015_1, Universidad Torcuato Di Tella.
• Anna Orthofer, 2015. "What we talk about when we talk about saving: Concepts and measures of household saving and their application to South Africa," Working Papers 530, Economic Research Southern Africa.
• Michael Di Francesco & Rafael Barroso, 2014. "Review of International Practices for Determining Medium Term Resource Needs of Spending Agencies," World Bank Publications - Reports 21812, The World Bank Group.
• World Bank, 2015. "Uganda Economic Update, February 2015," World Bank Publications - Reports 21791, The World Bank Group.
• Karlis Smits & Chorching Goh & Luan Zhao & Ekaterine Vashakmadze & Justin Hill & Smita Kuriakose & Samuel Freije-Rodriguez, 2015. "China Economic Update, June 2015," World Bank Publications - Reports 22122, The World Bank Group.
• World Bank, 2015. "Economic Monitoring Report to the Ad Hoc Liaison Committee," World Bank Publications - Reports 21980, The World Bank Group.
• Jorge Thompson Araujo & Markus Brueckner & Mateo Clavijo & Ekaterina Vostroknutova & Konstantin M. Wacker, 2014. "Beyond Commodities," World Bank Publications - Reports 21807, The World Bank Group.
• World Bank, 2015. "Jordan Economic Monitor, Spring 2015," World Bank Publications - Reports 22047, The World Bank Group.
• Agnieszka Domanska & Konrad Kostrzewa, 2015. "Identification of the fiscal shocks in Poland in light of the small open economy analysis? perspective," Proceedings of International Academic Conferences 2604282, International Institute of Social and Economic Sciences.
• Gregory Kisunko & Branco Ponomariov, 2014. "BEEPS At-a-Glance 2013," World Bank Publications - Reports 21799, The World Bank Group.
• Tania El Kallab, 2014. "Global Imbalances: "Made in the USA" or "Made in China"?," THEMA Working Papers 2014-28, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
• World Bank Group, 2014. "Republic of Sudan Diagnostic Trade Integration Study Update," World Bank Publications - Reports 22103, The World Bank Group.
• Kakarot-Handtke, Egmont, 2015. "Major Defects of the Market Economy," MPRA Paper 65666, University Library of Munich, Germany.
• André M. Marques & Gilberto Tadeu Lima, 2015. "Searching for Patterns of Unemployment Persistence in OECD Countries with Aggregated and Disaggregated Data, 2000-2014," Working Papers, Department of Economics 2015_14, University of São Paulo (FEA-USP), revised 30 Jul 2015.
• Silva Lopes, Artur C. & Florin Zsurkis, Gabriel, 2015. "Revisiting non-linearities in business cycles around the world," MPRA Paper 65668, University Library of Munich, Germany.
• Dalibor Stevanovic, 2015. "Factor augmented autoregressive distributed lag models with macroeconomic applications," CIRANO Working Papers 2015s-33, CIRANO.
• Xavier Gabaix & Jean-Michel Lasry & Pierre-Louis Lions & Benjamin Moll, 2015. "The Dynamics of Inequality," NBER Working Papers 21363, National Bureau of Economic Research, Inc.
• Mavrozacharakis, Emmanouil & Tzagarakis, Stelios, 2015. "The Greek referendum: an alternative approach," MPRA Paper 65738, University Library of Munich, Germany.
• Corsetti, Giancarlo & Simonelli, Saverio & Acconcia, Antonio, 2015. "The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes," CEPR Discussion Papers 10698, C.E.P.R. Discussion Papers.
• World Bank Group, 2015. "Honduras Economic DNA, June 2015," World Bank Publications - Reports 22028, The World Bank Group.
• Jonathan A. Parker, 2015. "Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment," NBER Working Papers 21369, National Bureau of Economic Research, Inc.
• Mathieu Taschereau-Dumouchel & Edouard Schaal, 2015. "Coordinating Business Cycles," 2015 Meeting Papers 178, Society for Economic Dynamics.
• Petra Posedel Simovic & Marina Tkalec & Maruska Vizek, 2015. "Time-varying integration in European post-transition sovereign bond market," Working Papers 1501, The Institute of Economics, Zagreb.
• Reinhart, Carmen, 2015. "The Antecedents and Aftermath of Financial Crises as told by Carlos F. Díaz Alejandro," CEPR Discussion Papers 10705, C.E.P.R. Discussion Papers.
• World Bank Group, 2015. "Zambia Economic Brief, June 2015, Issue 5," World Bank Publications - Reports 22039, The World Bank Group.
• World Bank, 2014. "Republic of Burundi Fiscal Decentralization and Local Governance," World Bank Publications - Reports 21714, The World Bank Group.
• Karlis Smits & Bingjie Hu & Binglie Luo & Tony Ollero & Ekaterine Vashakmadze & Klaus Rohland & Sudhir Shetty & Bert Hoftman & Chorching Goh, 2014. "China Economic Update, June 2014," World Bank Publications - Reports 22108, The World Bank Group.
• Hamermesh, Daniel S. & Burda, Michael & Genadek, Katie R., 2015. "Not Working At Work: Loafing, Unemployment and Labor Productivity," CEPR Discussion Papers 10712, C.E.P.R. Discussion Papers.
• Diewert, W. Erwin & Imai, Satoshi & Shimizu, Chihiro, 2015. "New Estimates for the Price of Housing in the Japanese CPI," Economics working papers erwin_diewert-2015-14, Vancouver School of Economics, revised 17 Jul 2015.
• Item repec:wbk:wboper:22034 is not listed on IDEAS anymore

• Leonard I. Nakamura & Rachel Soloveichik, 2015. "Valuing “free” media across countries in GDP," Working Papers 15-25, Federal Reserve Bank of Philadelphia.
• Kaiji Chen, 2015. "Trends and Cycles in China's Macroeconomy," 2015 Meeting Papers 145, Society for Economic Dynamics.
• World Bank, 2015. "Mongolia Public Financial Management Performance Report," World Bank Publications - Reports 22093, The World Bank Group.
• World Bank, 2015. "Malawi Economic Monitor, March 2015," World Bank Publications - Reports 21753, The World Bank Group.
• World Bank, 2015. "Solomon Islands," World Bank Publications - Reports 21693, The World Bank Group.
• Obeng, Samuel Kwabena, 2015. "An empirical analysis of the relationship between minimum wage, investment and economic growth in Ghana," MPRA Paper 65674, University Library of Munich, Germany.
• Constantino Hevia & Pablo Andrés Neumeyer & Juan Pablo Nicolini, 2013. "Optimal Monetary and Fiscal Policy in a New Keynesian Model with a Dutch Disease: The Case of Complete Markets," Department of Economics Working Papers 2013_3, Universidad Torcuato Di Tella.
• Ariane TICHIT, 2015. "Représentations sociales de la monnaie : contraste entre les citoyens et les porteurs de monnaies locales," Working Papers 201518, CERDI.
• World Bank, 2015. "Lebanon Economic Monitor, Spring 2015 [Le Moniteur économique du Liban - Avril 2015 : Nouvelles impulsions et vieux obstacles]," World Bank Publications - Reports 21761, The World Bank Group.
• Kartik B. Athreya & Felicia Ionescu & Urvi Neelakantan, 2015. "Stock Market Investment: The Role of Human Capital," Working Paper 15-7, Federal Reserve Bank of Richmond.
• Edoardo Rainone, 2015. "Testing information diffusion in the decentralized unsecured market for euro funds," Temi di discussione (Economic working papers) 1022, Bank of Italy, Economic Research and International Relations Area.
• Luis A. Gil-Alana & Juncal Cunado & Rangan Gupta, 2015. "Evidence of Persistence in U.S. Short and Long-Term Interest Rates Using Long-Span Monthly and Annual Data," Working Papers 201553, University of Pretoria, Department of Economics.
• Jéssica Fernanda Castaño Lavado & Miguel Ángel Morales Mosquera, 2015. "Revisión Metodológica de Índices de Precios de la Vivienda," Borradores de Economia 13317, Banco de la Republica.
• Constantino Hevia & Juan Pablo Nicolini, 2015. "Monetary Policy and Dutch Disease: The Case of Price and Wage Rigidity," Department of Economics Working Papers 2015_4, Universidad Torcuato Di Tella.
• World Bank, 2015. "Republic of Turkey," World Bank Publications - Reports 21776, The World Bank Group.
• Steve Bond & Gicoamo Rodano & Nicolas Serrano-Velarde, 2015. "Investment Dynamics in Italy: Financing Constraints, Demand and Uncertainty," Questioni di Economia e Finanza (Occasional Papers) 283, Bank of Italy, Economic Research and International Relations Area.
• Ali Hosseiny, 2015. "Violation of Invariance of Measurement for GDP Growth Rate and its Consequences," Papers 1507.04848, arXiv.org, revised Aug 2016.
• World Bank, 2013. "Lebanon Economic Monitor, Fall 2013," World Bank Publications - Reports 21971, The World Bank Group.
• World Bank, 2015. "The Cook Islands," World Bank Publications - Reports 21697, The World Bank Group.
• World Bank, 2014. "Gabon Export Diversification and Competitiveness Report [Rapport sur la diversification et la compétitivité des exportations en République Gabonaise : Améliorer le climat d'investissement pour dive," World Bank Publications - Reports 21806, The World Bank Group.
• Hansjörg Blöchliger & Jaroslaw Kantorowicz, 2015. "Fiscal constitutions: An empirical assessment," OECD Economics Department Working Papers 1248, OECD Publishing.
• Item repec:wbk:wboper:22035 is not listed on IDEAS anymore

• Fatih Guvenen & Burhanettin Kuruscu & Satoshi Tanaka & David Wiczer, 2015. "Multidimensional Skill Mismatch," NBER Working Papers 21376, National Bureau of Economic Research, Inc.
• World Bank, 2015. "Kazakhstan Trade Report," World Bank Publications - Reports 22044, The World Bank Group.
• Stefano Fenoaltea, 2015. "Italian Industrial Production, 1861 1913: A Statistical Reconstruction. K. The Construction Industries," Carlo Alberto Notebooks 422, Collegio Carlo Alberto.
• World Bank, 2015. "Cambodia Sanitation Marketing," World Bank Publications - Reports 21901, The World Bank Group.
• Fatih Guvenen & Burhan Kuruscu & Satoshi Tanaka & David Wiczer, 2015. "Multidimensional Skill Mismatch," Working Papers tecipa-544, University of Toronto, Department of Economics.
• Urban Sila & Nataša Jemec & Hermes Morgavi, 2015. "Raising competitiveness and long-term growth of the Slovenian economy," OECD Economics Department Working Papers 1241, OECD Publishing.
• Sebastian Edwards, 2015. "Academics as Economic Advisers: Gold, the ‘Brains Trust,’ and FDR," NBER Working Papers 21380, National Bureau of Economic Research, Inc.
• Narayana R. Kocherlakota, 2015. "Fiscal Policy and the Long-Run Neutral Real Interest Rate / Narayana Kocherlakota, President ... Frankfurt, Germany ... July 9, 2015," Speech 135, Federal Reserve Bank of Minneapolis.
• World Bank & ASEAN, 2014. "Bridging the Development Gap," World Bank Publications - Reports 21749, The World Bank Group.
• World Bank, 2015. "Fiji," World Bank Publications - Reports 21696, The World Bank Group.
• World Bank, 2015. "Leveraging Oil and Gas Industry for the Development of a Competitive Private Sector in Uganda," World Bank Publications - Reports 21916, The World Bank Group.
• Christoph Aymanns & Fabio Caccioli & J. Doyne Farmer & Vincent W. C. Tan, 2015. "Taming the Basel Leverage Cycle," Papers 1507.04136, arXiv.org.
• World Bank, 2015. "Samoa," World Bank Publications - Reports 21694, The World Bank Group.
• Britta Stöver & Dr. Marc Ingo Wolter, 2015. "Unternehmensgründungen und Unternehmensschließungen - Branchenspezifische Projektionen bis 2016 auf Basis der Unternehmensdemografie und Berechnung der durchschnittlichen Produktion auf Grundlage von ," GWS Discussion Paper Series 15-8, GWS - Institute of Economic Structures Research.
• World Bank, 2014. "Technical Assessment of Romania's National GHG Inventory," World Bank Publications - Reports 21817, The World Bank Group.
• World Bank, 2015. "Tonga," World Bank Publications - Reports 21695, The World Bank Group.
• World Bank, 2015. "Tools to Understand Social Issues in Energy Tariff and Subsidy Reforms in Europe and Central Asia," World Bank Publications - Reports 22095, The World Bank Group.
• Xubei Luo & Nong Zhu, 2015. "What Drives Productivity Volatility of Chinese Industrial Firms?," CIRANO Working Papers 2015s-32, CIRANO.
• Medel, Carlos A., 2015. "Geopolitical Tensions, OPEC News, and Oil Price: A Granger Causality Analysis," MPRA Paper 65667, University Library of Munich, Germany.
• Anastasia Litina & Theodore Palivos, 2015. "Corruption and Tax Evasion: Reflections on Greek Tragedy," Working Papers 193, Bank of Greece.