Report NEP-MAC-2007-02-24

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:

• Alessandro Flamini, 2006. "Monetary Policy and Open-Economy Uncertainty," Keele Economics Research Papers KERP 2006/23, Centre for Economic Research, Keele University.
• Wieland, Volker & Beck, Günter, 2007. "Money in Monetary Policy Design under Uncertainty: The Two-Pillar Phillips Curve versus ECB-Style Cross-Checking," CEPR Discussion Papers 6098, C.E.P.R. Discussion Papers.
• Karanassou, Marika & Snower, Dennis J., 2007. "Inflation Persistence and the Phillips Curve Revisited," IZA Discussion Papers 2600, Institute of Labor Economics (IZA).
• Smets, Frank & Wouters, Rafael, 2007. "Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach," CEPR Discussion Papers 6112, C.E.P.R. Discussion Papers.
• Giannoni, Marc & Mihov, Ilian & Boivin, Jean, 2007. "Sticky Prices and Monetary Policy: Evidence from Disaggregated US Data," CEPR Discussion Papers 6101, C.E.P.R. Discussion Papers.
• Christopher Martin & Costas Milas, 2007. "Testing the Opportunistic Approach to Monetary Policy," Keele Economics Research Papers KERP 2007/02, Centre for Economic Research, Keele University.
• Guido Lorenzoni, 2007. "News Shocks and Optimal Monetary Policy," NBER Working Papers 12898, National Bureau of Economic Research, Inc.
• Elisa Newby, 2007. "Macroeconomic Implications of Gold Reserve Policy of the Bank of England during the Eighteenth Century," CDMA Working Paper Series 200708, Centre for Dynamic Macroeconomic Analysis.
• Giuliana Passamani & Roberto Tamborini, 2006. "Monetary policy through the �credit-cost channel�. Italy and Germany," Department of Economics Working Papers 0609, Department of Economics, University of Trento, Italia.
• Buiter, Willem, 2007. "Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and," CEPR Discussion Papers 6099, C.E.P.R. Discussion Papers.
• Anton Nakov, 2006. "Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate," Working Papers 0637, Banco de España.
• Floden, Martin, 2007. "Vintage Capital and Expectations Driven Business Cycles," CEPR Discussion Papers 6113, C.E.P.R. Discussion Papers.
• Smets, Frank & Dedola, Luca & Bems, Rudolfs, 2007. "US Imbalances: The Role of Technology and Policy," CEPR Discussion Papers 6110, C.E.P.R. Discussion Papers.
• Giavazzi, Francesco & Favero, Carlo A., 2007. "Debt and the Effects of Fiscal Policy," CEPR Discussion Papers 6092, C.E.P.R. Discussion Papers.
• Javier Andrés & Pablo Burriel & Ángel Estrada, 2006. "BEMOD: a DSGE model for the Spanish economy and the rest of the Euro area," Working Papers 0631, Banco de España.
• Luiz de Mello & Diego Moccero, 2007. "Monetary Policy and Macroeconomic Stability in Latin America: The Cases of Brazil, Chile, Colombia and Mexico," OECD Economics Department Working Papers 545, OECD Publishing.
• John Lewis, 2007. "Hitting and Hoping? Meeting the Exchange Rate and Inflation Criteria During a Period of Nominal Convergence," DNB Working Papers 130, Netherlands Central Bank, Research Department.
• Willem H. Buiter, 2007. "Seigniorage," NBER Working Papers 12919, National Bureau of Economic Research, Inc.
• Item repec:pra:mprapa:1823 is not listed on IDEAS anymore

• Oxelheim, Lars & Forssbæck , Jens, 2007. "The Transition to Marked-Based Monetary Policy: What Can China Learn from the European Experience?," Working Paper Series 696, Research Institute of Industrial Economics.
• Beetsma, Roel & Bovenberg, Lans, 2007. "Pension systems, Intergenerational Risk Sharing and Inflation," CEPR Discussion Papers 6089, C.E.P.R. Discussion Papers.
• Arata Ito & Tsutomu Watanabe & Tomoyoshi Yabu, 2007. "Fiscal Policy Switching: Evidence from Japan, the U.S., and the U.K," IMES Discussion Paper Series 07-E-02, Institute for Monetary and Economic Studies, Bank of Japan.
• Emiliano Santoro & Damjan Pfajfar, 2006. "Heterogeneity and learning in inflation expectation formation: an empirical assessment," Department of Economics Working Papers 0607, Department of Economics, University of Trento, Italia.
• David Card, 1988. "Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts," Working Papers 612, Princeton University, Department of Economics, Industrial Relations Section..
• Engelbert Stockhammer & Özlem Onaran & Stefan Ederer, 2007. "Functional income distribution and aggregate demand in the Euro-area," Department of Economics Working Papers wuwp102, Vienna University of Economics and Business, Department of Economics.
• Chakraborty, Suparna, 2006. "Amplifying Business Cycles through Credit Constraints," MPRA Paper 1808, University Library of Munich, Germany.
• Edda Claus & ris Claus, 2007. "Transmitting shocks to the economy: The contribution of interest and exchange rates and the credit channel," The Institute for International Integration Studies Discussion Paper Series iiisdp206, IIIS.
• Eric Tymoigne, 2006. "Fisher's Theory of Interest Rates and the Notion of Real: A Critique," Economics Working Paper Archive wp_483, Levy Economics Institute.
• Carl Chiarella & Chih-Ying Hsiao & Willi Semmler, 2007. "Intertemporal Investment Strategies Under Inflation Risk," Research Paper Series 192, Quantitative Finance Research Centre, University of Technology, Sydney.
• Beetsma, Roel & Giuliodori, Massimo, 2007. "On the Relationship between Fiscal Plans in the European Union: An Empirical Analysis Based on Real-Time Data," CEPR Discussion Papers 6088, C.E.P.R. Discussion Papers.
• Burkhard Raunig & Johann Scharler, 2007. "Money market uncertainty and retail interest rate fluctuations: A cross-country comparison," Economics working papers 2007-04, Department of Economics, Johannes Kepler University Linz, Austria.
• Raphael A. Espinoza & Charles A. E. Goodhart & Dimitrios P. Tsomocos, 2006. "Endogenous State Prices, Liquidity, Default, and the Yield Curve," OFRC Working Papers Series 2006fe15, Oxford Financial Research Centre.
• James Costain & Marcel Jansen, 2006. "Employment fluctuations with downward wage rigidity: the role of moral hazard," Working Papers 0632, Banco de España.
• Maurizio Bovi, 2006. "The Cyclical Behavior of Shadow and Regular Employment," ISAE Working Papers 62, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
• Alexandre Sokic, 2007. "The monetary model of hyperinflation and the adaptive expectations: limits of the association and model validity," Working Papers of BETA 2007-09, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Item repec:hhs:bofrdp:2007_002 is not listed on IDEAS anymore

• John P. Jackson & Mark J. Manning, 2007. "Central Bank intraday collateral policy and implications for tiering in rtgs payment systems," DNB Working Papers 129, Netherlands Central Bank, Research Department.
• Ricardo J. Caballero & Arvind Krishnamurthy, 2007. "Collective Risk Management in a Flight to Quality Episode," NBER Working Papers 12896, National Bureau of Economic Research, Inc.
• Orley Ashenfelter, 1984. "Macroeconomic Analyses and Microeconomic Analyses of Labor Supply," Working Papers 553, Princeton University, Department of Economics, Industrial Relations Section..
• Maurizio Bovi, 2007. "National accounts, fiscal rules and fiscal policy. Mind the hidden gaps," ISAE Working Papers 76, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
• Olivier Blanchard, 2007. "Current Account Deficits in Rich Countries," NBER Working Papers 12925, National Bureau of Economic Research, Inc.
• Taun N. Toay & Theodore Pelagidis, 2006. "Expensive Living: The Greek Experience under the Euro," Economics Working Paper Archive wp_484, Levy Economics Institute.
• Item repec:tud:ddpiec:178 is not listed on IDEAS anymore

• Thomas Seegmuller, 2007. "Taste for variety and endogenous fluctuations in a monopolistic competition model," Documents de travail du Centre d'Economie de la Sorbonne v07004, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Item repec:mse:cesdoc:v07003 is not listed on IDEAS anymore

• Chiara Oldani, 2006. "money demand and futures," ISAE Working Papers 69, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
• Del Negro, Marco & Schorfheide, Frank, 2007. "Forming Priors for DSGE Models (and How It Affects the Assessment of Nominal Rigidities)," CEPR Discussion Papers 6119, C.E.P.R. Discussion Papers.
• Solange Leproux & Marco Malgarini, 2006. "Consumer sentiment and householde expenditures in Italy: a disaggregated analysis according to the income of the people interviewed," ISAE Working Papers 65, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
• David Card & Phillip B. Levine, 1990. "Unemployment Insurance Taxes and the Cyclical Properties of Employment and Unemployment," Working Papers 668, Princeton University, Department of Economics, Industrial Relations Section..
• Finn Olesen, 2006. "Lange and his 1938-contribution – An early Keynesian?," Working Papers 74/06, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
• Orley Ashenfelter & George E. Johnson & John Pencavel, 1968. "Trade Unions and the Rate of Change of Money Wages in the U.S," Working Papers 385, Princeton University, Department of Economics, Industrial Relations Section..
• Haskel, Jonathan & Criscuolo, Chiara & ,, 2007. "Information Technology, Organisational Change and Productivity," CEPR Discussion Papers 6105, C.E.P.R. Discussion Papers.
• Roberto Basile & Sergio de Nardis & Alessandro Girardi, 2006. "Pricing to market of Italian exporting firms," ISAE Working Papers 70, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
• Item repec:ipc:wpaper:0033 is not listed on IDEAS anymore

• van der Ploeg, Frederick & Beetsma, Roel, 2007. "The Political Economy of Public Investment," CEPR Discussion Papers 6090, C.E.P.R. Discussion Papers.
• Mariano M. Croce & Martin Lettau & Sydney C. Ludvigson, 2007. "Investor Information, Long-Run Risk, and the Term Structure of Equity," NBER Working Papers 12912, National Bureau of Economic Research, Inc.
• Cristina Barceló, 2006. "A Q-model of labour demand," Working Papers 0626, Banco de España.
• Giancarlo Bruno & Claudio Lupi & Carmine Pappalardo & Gianfranco Piras, 2006. "The cross-country effects of EU holidays on domestic GDP's," ISAE Working Papers 63, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
• Bacchetta, Philippe & van Wincoop, Eric, 2007. "Random Walk Expectations and the Forward Discount Puzzle," CEPR Discussion Papers 6122, C.E.P.R. Discussion Papers.
• Luis J. Álvarez & Ignacio Hernando, 2006. "Competition and price adjustment in the euro area," Working Papers 0629, Banco de España.
• Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2007. "Financing Development: The Role of Information Costs," Economie d'Avant Garde Research Reports 14, Economie d'Avant Garde.
• Ramos Mabugu & Margaret Chitiga, 2007. "Poverty and inequality effects of a high growth scenario in South Africa: A dynamic microsimulation CGE analysis," Working Papers 04/2007, Stellenbosch University, Department of Economics.
• James K. Galbraith, 2006. "Maastricht 2042 and the Fate of Europe: Toward Convergence and Full Employment," Economics Public Policy Brief Archive ppb_87, Levy Economics Institute.
• Harry Kelejian, 1969. "The Princeton Macro Model of the Labor Market: Rational and Efficiency of the Estimation Procedure," Working Papers 381, Princeton University, Department of Economics, Industrial Relations Section..
• Seok Gil Park, 2007. "Solving Endogeneity in Assessing the Efficacy of Foreign Exchange Market Interventions," CAEPR Working Papers 2007-004, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
• Sydney Afriat & Carlo Milana, 2007. "The Super Price Index: Irving Fisher, and after," Department of Economics University of Siena 492, Department of Economics, University of Siena.
• Item repec:hhs:bofitp:2007_002 is not listed on IDEAS anymore

• Marco P. Tucci & David A. Kendrick & Hans M. Amman, 2007. "Expected optimal feedback with Time-Varying Parameters," Department of Economics University of Siena 497, Department of Economics, University of Siena.
• Greenwood, Jeremy & Guner, Nezih, 2007. "Social Change," CEPR Discussion Papers 6125, C.E.P.R. Discussion Papers.