Report NEP-MAC-2017-03-19

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:

• Knut Are Aastveit & Francesco Furlanetto & Francesca Loria, 2017. "Has the Fed responded to house and stock prices? A time-varying analysis," Working Paper 2017/1, Norges Bank.
• Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2017. "Investment in capital markets," MPRA Paper 77414, University Library of Munich, Germany.
• Reiter, Michael & Sveen, Tommy & Weinke, Lutz, 2017. "Agency Costs and the Monetary Transmission Mechanism," Economics Series 328, Institute for Advanced Studies.
• Kollmann, Robert, 2017. "Explaining International Business Cycle Synchronization: Recursive Preferences and the Terms of Trade Channel," MPRA Paper 77558, University Library of Munich, Germany.
• Merkl, Christian & Kohlbrecher, Britta, 2016. "Business Cycle Asymmetries and the Labor Market," VfS Annual Conference 2016 (Augsburg): Demographic Change 145704, Verein für Socialpolitik / German Economic Association.
• Kohlbrecher, Britta, 2016. "Optimal Monetary Policy under Rigid Wages and Decreasing Returns," VfS Annual Conference 2016 (Augsburg): Demographic Change 145867, Verein für Socialpolitik / German Economic Association.
• O. Grishchenko & S. Mouabbi & J.-P. Renne, 2017. "The Joint Dynamics of U.S. and Euro-area Inflation Rates: Expectations and Time-varying Uncertainty," Working papers 622, Banque de France.
• Lozej, Matija & Onorante, Luca & Rannenberg, Ansgar, 2017. "Countercyclical Capital Regulation in a Small Open Economy DSGE Model," Research Technical Papers 03/RT/17, Central Bank of Ireland.
• Zorn, Peter, 2016. "Investment under Rational Inattention: Evidence from US Sectoral Data," VfS Annual Conference 2016 (Augsburg): Demographic Change 145572, Verein für Socialpolitik / German Economic Association.
• Haroon Mumtaz & Konstantinos Theodoridis, 2017. "Fiscal Policy Shocks and Stock Prices in the United States," Working Papers 817, Queen Mary University of London, School of Economics and Finance.
• Andreas Fuster & Stephanie Lo & Paul S. Willen, 2017. "The time-varying price of financial intermediation in the mortgage market," Working Papers 16-28, Federal Reserve Bank of Boston.
• Homburg, Stefan, 2016. "Understanding Benign Liquidity Traps: The Case of Japan," VfS Annual Conference 2016 (Augsburg): Demographic Change 145467, Verein für Socialpolitik / German Economic Association.
• Ali Ozdagli & Mihail Velikov, 2016. "Show me the money: the monetary policy risk premium," Working Papers 16-27, Federal Reserve Bank of Boston.
• Berhold, Kerstin & Stadtmann, Georg, 2017. "Who put the holes in the Swiss cheese? Currency crisis under appreciation pressure," Discussion Papers 391, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
• Luis Bértola, 2016. "El PIB per cápita de Uruguay 1870-2015: una reconstrucción," Documentos de trabajo 48, Programa de Historia Económica, FCS, Udelar.
• Detmers, Gunda-Alexandra, 2016. "Forward Guidance under Disagreement - Evidence from the Fed’s dot projections," VfS Annual Conference 2016 (Augsburg): Demographic Change 145768, Verein für Socialpolitik / German Economic Association.
• Weber, Enzo & Weigand, Roland, 2016. "Identifying macroeconomic effects of refugee migration to Germany," VfS Annual Conference 2016 (Augsburg): Demographic Change 145941, Verein für Socialpolitik / German Economic Association.
• International Monetary Fund, 2017. "Indonesia; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia," IMF Staff Country Reports 17/37, International Monetary Fund.
• Konstantinos Angelopoulos & Wei Jiang & James Malley, 2017. "Targeted fiscal policy to increase employment and wages of unskilled workers," Studies in Economics 1704, School of Economics, University of Kent.
• Pedro Brinca & Hans A. Holter & Per Krusell & Laurence Malafry, 2015. "Fiscal Multipliers in the 21st Century," LWS Working papers 21, LIS Cross-National Data Center in Luxembourg.
• Davide Debortoli & Jinill Kim & Jesper Lindé & Ricardo Nunes, 2017. "Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense?," Working Papers 958, Barcelona School of Economics.
• Davide Debortoli & Jinill Kim & Jesper Lindé & Ricardo Nunes, 2017. "Designing a simple loss function for central banks: Does a dual mandate make sense?," Economics Working Papers 1560, Department of Economics and Business, Universitat Pompeu Fabra.
• International Monetary Fund, 2017. "Greece; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece," IMF Staff Country Reports 17/40, International Monetary Fund.
• Dramane Coulibaly & Hubert Kempf, 2017. "Inflation Targeting and the Forward Bias Puzzle in Emerging Countries," EconomiX Working Papers 2017-12, University of Paris Nanterre, EconomiX.
• Zhang, Ally Quan, 2016. "Arbitrage with Production, Collateral Constraint and Heterogeneous Belief," VfS Annual Conference 2016 (Augsburg): Demographic Change 145539, Verein für Socialpolitik / German Economic Association.
• Jaromir Benes & Kevin Clinton & Asish George & Joice John & Ondra Kamenik & Douglas Laxton & Pratik Mitra & G.V. Nadhanael & Hou Wang & Fan Zhang, 2017. "Inflation-Forecast Targeting for India; An Outline of the Analytical Framework," IMF Working Papers 17/32, International Monetary Fund.
• Hilde C. Bjornland & Leif Anders Thorsrud & Sepideh Khayati Zahiri, 2017. "Do central banks respond timely to developments in the global economy?," CAMA Working Papers 2017-20, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Schreiber, Sven, 2017. "Weather adjustment of economic output," Discussion Papers 2017/5, Free University Berlin, School of Business & Economics.
• International Monetary Fund, 2017. "India; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for India," IMF Staff Country Reports 17/54, International Monetary Fund.
• Zhang, Lu & Uluc, Arzu & Bezemer, Dirk, 2017. "Did pre-crisis mortgage lending limit post-crisis corporate lending? Evidence from UK bank balance sheets," Bank of England working papers 651, Bank of England.
• Nezih Guner & Andrii Parkhomenko & Gustavo Ventura, 2015. "Managers and Productivity Differences," LIS Working papers 634, LIS Cross-National Data Center in Luxembourg.
• Nady Rapelanoro, 2017. "Hoarding international reserves and global liquidity expansion, what are the links and do they matter?," EconomiX Working Papers 2017-13, University of Paris Nanterre, EconomiX.
• Breuer, Christian, 2017. "Expansionary Austerity and Reverse Causality," MPRA Paper 77556, University Library of Munich, Germany.
• International Monetary Fund, 2017. "Australia; 2016 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Australia," IMF Staff Country Reports 17/42, International Monetary Fund.
• International Monetary Fund, 2017. "Uruguay; 2016 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 17/28, International Monetary Fund.
• José Ignacio González Giangrossi, 2016. "Agregados monetarios Divisia y demanda de dinero en Uruguay," Documentos de trabajo 2016003, Banco Central del Uruguay.
• Anh D.M.Nguyen & Luisanna Onnis & Raffaele Rossi, 2017. "The Macroeconomic Effects of Income and Consumption Tax Changes," Working Papers 2017008, The University of Sheffield, Department of Economics.
• International Monetary Fund, 2017. "Niger; 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Niger," IMF Staff Country Reports 17/59, International Monetary Fund.
• Hertweck, Matthias Sebastian & Brey, Björn, 2016. "The Extension of Short-time Work Schemes during the Great Recession: A Story of Success?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145795, Verein für Socialpolitik / German Economic Association.
• Schivardi, Fabiano & Sette, Enrico & Tabellini, Guido, 2017. "Credit Misallocation During the European Financial Crisis," LEAP Working Papers 2017/3, Luiss Institute for European Analysis and Policy.
• Luc Eyraud & Vitor Gaspar & Tigran Poghosyan, 2017. "Fiscal Politics in the Euro Area," IMF Working Papers 17/18, International Monetary Fund.
• Alexandru Monahov & Thomas Jobert, 2017. "Case Study of the Moldovan Bank Fraud: Is Early Intervention the Best Central Bank Strategy to Avoid Financial Crises?," GREDEG Working Papers 2017-07, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
• Richard McManus & F Gulcin Ozkan, 2017. "Who does better for the economy? Presidents versus parliamentary democracies," Discussion Papers 17/03, Department of Economics, University of York.
• International Monetary Fund, 2017. "Austria; 2016 Article IV Consultation-Press Release; and Staff Report for Austria," IMF Staff Country Reports 17/26, International Monetary Fund.
• Giorgos Galanis & Roberto Veneziani & Naoki Yoshihara, 2017. "Growth, Exploitation and Class Inequalities," Working Papers 814, Queen Mary University of London, School of Economics and Finance.
• Heinisch, Katja, 2016. "A real-time analysis on the importance of hard and soft data for nowcasting German GDP," VfS Annual Conference 2016 (Augsburg): Demographic Change 145864, Verein für Socialpolitik / German Economic Association.
• Noth, Felix & Ossandon Busch, Matias, 2019. "Banking globalization, local lending, and labor market effects: Micro-level evidence from Brazil," IWH Discussion Papers 7/2017, Halle Institute for Economic Research (IWH), revised 2019.
• Amitava Krishna Dutt & Roberto Veneziani, 2017. "Education and 'Human Capitalists' in a Classical-Marxian Model of Growth and Distribution," Working Papers 816, Queen Mary University of London, School of Economics and Finance.
• Ivo Krznar & Troy D Matheson, 2017. "Financial and Business Cycles in Brazil," IMF Working Papers 17/12, International Monetary Fund.
• Frederik G Toscani, 2017. "The Impact of Natural Resource Discoveries in Latin America and the Caribbean; A Closer Look at the Case of Bolivia," IMF Working Papers 17/27, International Monetary Fund.
• Asongu, Simplice & Nwachukwu, Jacinta, 2016. "Fighting Capital Flight in Africa: Evidence from Bundling and Unbundling Governance," MPRA Paper 77309, University Library of Munich, Germany.
• Claire Lebarz, 2015. "Income Inequality and Household Debt Distribution: A Cross-Country Analysis using Wealth Surveys," LWS Working papers 20, LIS Cross-National Data Center in Luxembourg.
• Stefano Bosi & David Desmarchelier, 2017. "Natural cycles and pollution," Working Papers 2017.02, FAERE - French Association of Environmental and Resource Economists.
• International Monetary Fund, 2017. "People's Republic of China-Macao Special Administrative Region; 2016 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 17/50, International Monetary Fund.
• Asongu, Simplice & Raheem, Ibrahim & Tchamyou, Venessa, 2016. "Information Asymmetry and Financial Dollarization in Sub-Saharan Africa," MPRA Paper 77310, University Library of Munich, Germany.
• Jaromir Benes & Kevin Clinton & Asish George & Pranav Gupta & Joice John & Ondra Kamenik & Douglas Laxton & Pratik Mitra & G.V. Nadhanael & Rafael A Portillo & Hou Wang & Fan Zhang, 2017. "Quarterly Projection Model for India; Key Elements and Properties," IMF Working Papers 17/33, International Monetary Fund.
• Ernest Dautovic & Harald Hau & Yi Huang, 2017. "The Consumption Response to Minimum Wages: Evidence from Chinese Households," Swiss Finance Institute Research Paper Series 17-01, Swiss Finance Institute.
• Liang Wang & Randall Wright & Lucy Qian Liu, 2017. "Money and Credit; Theory and Applications," IMF Working Papers 17/14, International Monetary Fund.
• International Monetary Fund, 2017. "Somalia; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Somalia," IMF Staff Country Reports 17/61, International Monetary Fund.
• Ally Quan Zhang, 2017. "Recovery is Never Easy - Dynamics and Multiple Equilibria with Financial Arbitrage, Production and Collateral Constraints," Swiss Finance Institute Research Paper Series 17-02, Swiss Finance Institute.
• Cascaldi-Garcia, Danilo & Galvao, Ana Beatriz, 2016. "News and Uncertainty Shocks," EMF Research Papers 12, Economic Modelling and Forecasting Group.
• Ramírez, Nerys F., 2016. "Determinantes del Desempleo en la República Dominicana: Dinámica Temporal y Microsimulaciones [Determinants of Unemployment in the Dominican Republic: Temporal Dynamics and Microsimulations]," MPRA Paper 76998, University Library of Munich, Germany.
• María Dolores Gadea & Ana Gómez-Loscos & Gabriel Pérez-Quirós, 2017. "Dissecting US recoveries," Working Papers 1708, Banco de España.
• Xiaoyu Huang & Tao Jin & Ji Zhang, 2017. "Monetary Policy, Hot Money and Housing Price Growth across Chinese Cities," Working Paper 509596, Harvard University OpenScholar.
• Si Guo, 2017. "Price and Wage Flexibility in Hong Kong SAR," IMF Working Papers 17/9, International Monetary Fund.
• Friese, Max, 2016. "The labor market effect of demographic change: Alleviation for financing social security," VfS Annual Conference 2016 (Augsburg): Demographic Change 145808, Verein für Socialpolitik / German Economic Association.
• Stephan Kaplan, 2016. "partisan Technocratic Cycles in Latin America," Working Papers 2016-28, The George Washington University, Institute for International Economic Policy.
• Fernández-Kranz, Daniel & Rodríguez-Planas, Núria, 2017. "The Perfect Storm: Graduating in a Recession in a Segmented Labor Market," IZA Discussion Papers 10597, Institute of Labor Economics (IZA).
• Jaelani, Aan, 2017. "Manajemen pengeluaran publik di Indonesia: Tinjauan ekonomi Islam pada APBN 2017 [Public expenditure management in Indonesia: Islamic economic review on state budget 2017]," MPRA Paper 77423, University Library of Munich, Germany, revised 07 Mar 2017.
• International Monetary Fund, 2017. "Turkey; 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey," IMF Staff Country Reports 17/32, International Monetary Fund.
• Delle Monache, Davide & Petrella, Ivan, 2016. "Adaptive Models and Heavy Tails with an Application to Inflation Forecasting," EMF Research Papers 13, Economic Modelling and Forecasting Group.
• Zhou, Peng, 2017. "Separating Yolk from White: A Filter based on Economic Properties of Trend and Cycle," Cardiff Economics Working Papers E2017/1, Cardiff University, Cardiff Business School, Economics Section.
• International Monetary Fund, 2017. "Myanmar; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar," IMF Staff Country Reports 17/30, International Monetary Fund.
• International Monetary Fund, 2017. "Lao People's Democratic Republic; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic," IMF Staff Country Reports 17/53, International Monetary Fund.
• Ashraf Galal Eid, 2015. "Budgetary Institutions, Fiscal Policy, and Economic Growth: the Case of Saudi Arabia," Working Papers 967, Economic Research Forum, revised Nov 2015.
• Gohar Samvel Sedrakyan & Laura Varela-Candamio, 2017. "The Impact of Public Expenditures on Economic Growth in Two Very Different Countries: A comparative Analysis of Armenia and Spain," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1702, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
• International Monetary Fund, 2017. "Indonesia; Selected Issues," IMF Staff Country Reports 17/48, International Monetary Fund.
• Ruist, Joakim, 2017. "Outmigration and income assimilation during the first post-EU-enlargement migrants’ first decade in Sweden," Working Papers in Economics 696, University of Gothenburg, Department of Economics.
• Markus Brueckner & Joaquin L. Vespignani, 2017. "Trade Uncertainty and Income Inequality," Globalization Institute Working Papers 306, Federal Reserve Bank of Dallas.
• Graciela Laura Kaminsky, 2016. "Globalization in the Periphery: Monetary Policy: What is Gained, What is Lost," Working Papers 2016-26, The George Washington University, Institute for International Economic Policy.
• International Monetary Fund, 2017. "Austria; Austria: Selected Issues," IMF Staff Country Reports 17/27, International Monetary Fund.
• International Monetary Fund, 2017. "Islamic Republic of Iran; Selected Issues," IMF Staff Country Reports 17/63, International Monetary Fund.
• Rabah Arezki & Zoltan Jakab & Douglas Laxton & Akito Matsumoto & Armen Nurbekyan & Hou Wang & Jiaxiong Yao, 2017. "Oil Prices and the Global Economy," IMF Working Papers 17/15, International Monetary Fund.