Report NEP-MAC-2014-06-22

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:

• Datta, Soumya, 2014. "Macrodynamics of debt-financed investment-led growth with interest rate rules," MPRA Paper 56713, University Library of Munich, Germany.
• Hännikäinen, Jari, 2014. "Zero lower bound, unconventional monetary policy and indicator properties of interest rate spreads," MPRA Paper 56737, University Library of Munich, Germany.
• Suleyman Hilmi Kal & Nuran Arslaner & Ferhat Arslaner, 2014. "Inflation Dynamics and Business Cycles," Working Paper 19, Research and Business Development Department, Borsa Istanbul.
• Vincent Sterk & Silvana Tenreyro, 2013. "The Transmission of Monetary Policy Operations through Redistributions and Durable Purchases," Discussion Papers 1305, Centre for Macroeconomics (CFM).
• Item repec:hhs:bofrdp:2014_013 is not listed on IDEAS anymore

• Carlos Garriga & Finn E. Kydland & Roman Šustek, 2013. "Mortgages and Monetary Policy," Discussion Papers 1306, Centre for Macroeconomics (CFM), revised May 2016.
• Wouter Den Haan, 2014. "Inventories and the Role of Goods-Market Frictions for Business Cycles," Discussion Papers 1402, Centre for Macroeconomics (CFM).
• Silvana Tenreyro & Gregory Thwaites, 2013. "Pushing on a string: US monetary policy is less powerful in recessions," Discussion Papers 1301, Centre for Macroeconomics (CFM).
• Sapci, Ayse, 2014. "Costly Financial Intermediation and Excess Consumption Volatility," Working Papers 2014-04, Department of Economics, Colgate University, revised 11 Jun 2014.
• Tuan Anh Phan, 2014. "The Determinants of Inflation in Vietnam: VAR and SVAR Approaches," Crawford School Research Papers 1404, Crawford School of Public Policy, The Australian National University.
• Conrado Brum & Carolina Roman & Henry Willebald, 2014. "Inflación en Uruguay en 140 años de historia (1870-2010). Un enfoque monetario," Documentos de Trabajo (working papers) 14-03, Instituto de Economía - IECON.
• Elton Beqiraj & Massimiliano Tancioni, 2014. "Evaluating Labor Market Targeted Fiscal Policies inHigh Unemployment EZ Countries," Working Papers in Public Economics 165, University of Rome La Sapienza, Department of Economics and Law.
• Mark A. Carlson & David C. Wheelock, 2014. "Navigating constraints: the evolution of Federal Reserve monetary policy, 1935-59," Working Papers 2014-13, Federal Reserve Bank of St. Louis.
• Mark Gertler & Peter Karadi, 2014. "Monetary Policy Surprises, Credit Costs and Economic Activity," NBER Working Papers 20224, National Bureau of Economic Research, Inc.
• Benjamin K. Johannsen, 2014. "When are the Effects of Fiscal Policy Uncertainty Large?," Finance and Economics Discussion Series 2014-40, Board of Governors of the Federal Reserve System (U.S.).
• Frederico Belo & Xiaoji Lin & Fan Yang, 2014. "External Equity Financing Shocks, Financial Flows, and Asset Prices," NBER Working Papers 20210, National Bureau of Economic Research, Inc.
• Marcelo Arbex & Dennis O'Dea, 2014. "Networks in labor markets and welfare costs of inflation," Working Papers 1401, University of Windsor, Department of Economics.
• Simon Gilchrist & J. David López-Salido & Egon Zakrajšek, 2014. "Monetary Policy and Real Borrowing Costs at the Zero Lower Bound," Finance and Economics Discussion Series 2014-03, Board of Governors of the Federal Reserve System (U.S.).
• Tuan Anh Phan, 2014. "Output Composition of the Monetary Policy Transmission Mechanism: Is Australia Different?," Crawford School Research Papers 1403, Crawford School of Public Policy, The Australian National University.
• Han Chen, 2014. "Assessing the Effects of the Zero-Interest-Rate Policy through the Lens of a Regime-Switching DSGE Model," Finance and Economics Discussion Series 2014-38, Board of Governors of the Federal Reserve System (U.S.).
• Gerlach, Stefan. & Stuart, Rebecca, 2014. "Money, interest and prices in Ireland, 1933-2012," Research Technical Papers 07/RT/14, Central Bank of Ireland.
• Michiel De Pooter & Patrice T. Robitaille & Ian Walker & Michael Zdinak, 2014. "Are Long-Term Inflation Expectations Well Anchored in Brazil, Chile and Mexico?," International Finance Discussion Papers 1098, Board of Governors of the Federal Reserve System (U.S.).
• Jerome Creel & Paul Hubert & Mathilde Viennot, 2013. "Assessing the Interest Rate and Bank Lending Channels of ECB Monetary Policies," Working papers wpaper34, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
• O'Brien, Martin & Whelan, Karl, 2014. "Changes in Bank Leverage: Evidence from US Bank Holding Companies," Research Technical Papers 01/RT/14, Central Bank of Ireland.
• Stefano Bosi & David Desmarchelier & Lionel Ragot, 2014. "Pollution effects on labor supply and growth," EconomiX Working Papers 2014-34, University of Paris Nanterre, EconomiX.
• John G. Fernald, 2014. "Productivity and Potential Output Before, During, and After the Great Recession," Working Paper Series 2014-15, Federal Reserve Bank of San Francisco.
• Jonathan Portes & Simon Wren-Lewis, 2014. "Issues In The Design of Fiscal Policy Rules," Discussion Papers 1412, Centre for Macroeconomics (CFM).
• Jorge Alonso-Ortiz & Julio Leal, 2013. "The elasticity of Informality to Taxes and tranfers," Working Papers 1308, Centro de Investigacion Economica, ITAM.
• Edward S. Knotek & Saeed Zaman, 2014. "Nowcasting U.S. Headline and Core Inflation," Working Papers (Old Series) 1403, Federal Reserve Bank of Cleveland.
• Saleem Bahaj, 2014. "Systemic Sovereign Risk: Macroeconomic Implications in the Euro Area," Discussion Papers 1406, Centre for Macroeconomics (CFM).
• Michael T. Kiley, 2014. "Policy Paradoxes in the New Keynesian Model," Finance and Economics Discussion Series 2014-29, Board of Governors of the Federal Reserve System (U.S.).
• Jagjit S. Chadha & Morris Perlman, 2014. "Was the Gibson Paradox for Real? A Wicksellian study of the Relationship between Interest Rates and Prices," Studies in Economics 1403, School of Economics, University of Kent.
• Ruth A. Judson & Bernd Schlusche & Vivian Wong, 2014. "Demand for M2 at the Zero Lower Bound: The Recent U.S. Experience," Finance and Economics Discussion Series 2014-22, Board of Governors of the Federal Reserve System (U.S.).
• Oliver DeGroot, 2014. "The Risk Channel of Monetary Policy," Finance and Economics Discussion Series 2014-31, Board of Governors of the Federal Reserve System (U.S.).
• Wilman Gomez, 2014. "Business cycle asymmetries: Loss aversion, sticky prices, and wages," Documentos de Trabajo 11756, Universidad del Rosario.
• Item repec:hhs:bofrdp:2014_014 is not listed on IDEAS anymore

• Kakarot-Handtke, Egmont, 2014. "Towards Full Employment Through Applied Algebra and Counter-Intuitive Behavior," MPRA Paper 56749, University Library of Munich, Germany.
• Item repec:wsr:wpaper:y:2014:i:132 is not listed on IDEAS anymore

• John H. Rogers & Chiara Scotti & Jonathan H. Wright, 2014. "Evaluating Asset-Market Effects of Unconventional Monetary Policy: A Cross-Country Comparison," International Finance Discussion Papers 1101, Board of Governors of the Federal Reserve System (U.S.).
• Nicholas Oulton, 2013. "Medium and long run prospects for UK growth in the aftermath of the financial crisis," Discussion Papers 1307, Centre for Macroeconomics (CFM).
• Robert Dixon & Guay C. Lim & Jan C. van Ours, 2014. "The Effect of Shocks to Labour Market Flows on Unemployment and Participation Rates," Melbourne Institute Working Paper Series wp2014n13, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
• Varang Wiriyawit, 2014. "Trend Mis-specifications and Estimated Policy Implications in DSGE Models," ANU Working Papers in Economics and Econometrics 2014-615, Australian National University, College of Business and Economics, School of Economics.
• Li Lin & Dimitrios P. Tsomocos & Alexandros Vardoulakis, 2014. "Debt Deflation Effects of Monetary Policy," Finance and Economics Discussion Series 2014-37, Board of Governors of the Federal Reserve System (U.S.).
• Jeon, Bang Nam & Lim, Hosung & Wu, Ji, 2014. "The impact of foreign banks on monetary policy transmission during the global financial crisis of 2008-2009: Evidence from Korea," School of Economics Working Paper Series 2014-7, LeBow College of Business, Drexel University.
• Stephen Eliot Hansen & Michael McMahon & Andrea Prat, 2014. "Transparency and deliberation within the FOMC: A computational linguistics approach," Economics Working Papers 1425, Department of Economics and Business, Universitat Pompeu Fabra.
• Donatella Baiardi & Matteo Manera & Mario Menegatti, 2014. "The Effects of Environmental Risk on Consumption: an Empirical Analysis on the Mediterranean Countries," Working Papers 2014.43, Fondazione Eni Enrico Mattei.
• Giuseppe Moscariniy & Fabien Postel-Vinay, 2013. "Did the Job Ladder Fail After the Great Recession?," Discussion Papers 1304, Centre for Macroeconomics (CFM).
• Oliver Hart & Luigi Zingales, 2014. "Banks Are Where The Liquidity Is," NBER Working Papers 20207, National Bureau of Economic Research, Inc.
• Camille Landais & Pascal Michaillat & Emmanuel Saez, 2013. "Optimal Unemployment Insurance over the Business Cycle," Discussion Papers 1303, Centre for Macroeconomics (CFM).
• Petr Sedlacek & Vincent Sterk, 2014. "The Growth Potential of Startups over the Business Cycle," Discussion Papers 1403, Centre for Macroeconomics (CFM).
• Gerlach, Stefan. & Stuart, Rebecca, 2014. "Money demand in Ireland, 1933-2012," Research Technical Papers 08/RT/14, Central Bank of Ireland.
• Rebecca Riley & Chiara Rosazza Bondibene & Garry Young, 2013. "Productivity Dynamics in the Great Stagnation: Evidence from British businesses," Discussion Papers 1407, Centre for Macroeconomics (CFM), revised Apr 2014.
• Ludovit Odor, 2014. "The Good, the Bad and the Ugly," Discussion Papers Discussion Paper No. 3/20, Council for Budget Responsibility.
• L. Rachel Ngai & Barbara Petrongolo, 2014. "Gender Gaps and the Rise of the Service Economy," Discussion Papers 1404, Centre for Macroeconomics (CFM).
• McCarthy, Yvonne & McQuinn, Kieran, 2014. "Attenuation bias, recall error and the housing wealth effect," Research Technical Papers 06/RT/14, Central Bank of Ireland.
• Kris James Mitchener & Kirsten Wandschneider, 2014. "Capital Controls and Recovery from the Financial Crisis of the 1930s," NBER Working Papers 20220, National Bureau of Economic Research, Inc.
• Angus Armstrong & Monique Ebell, 2013. "Scotland’s Currency Options," Discussion Papers 1302, Centre for Macroeconomics (CFM).
• Papież, Monika & Śmiech, Sławomir & Dąbrowski, Marek A., 2014. "The impact of the Euro area macroeconomy on energy and non-energy global commodity prices," MPRA Paper 56663, University Library of Munich, Germany.
• Jonathan Goldberg, 2014. "Idiosyncratic Investment Risk and Business Cycles," Finance and Economics Discussion Series 2014-05, Board of Governors of the Federal Reserve System (U.S.).
• Stefania D'Amico & Don H. Kim & Min Wei, 2014. "Tips from TIPS: the informational content of Treasury Inflation-Protected Security prices," Finance and Economics Discussion Series 2014-24, Board of Governors of the Federal Reserve System (U.S.).
• Diana Hancock & Wayne Passmore, 2014. "How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates," Finance and Economics Discussion Series 2014-12, Board of Governors of the Federal Reserve System (U.S.).
• Emma Aisbett & Markus Brueckner & Ralf Steinhauser & Rhett Wilcox, 2014. "Fiscal Stimulus and HouseholdsÕ Non-Durable Consumption Expenditures: Evidence from the 2009 Australian Nation Building and Jobs Plan," Crawford School Research Papers 1402, Crawford School of Public Policy, The Australian National University.
• Item repec:dau:papers:123456789/13535 is not listed on IDEAS anymore

• Julius Bonart & Jean-Philippe Bouchaud & Augustin Landier & David Thesmar, 2014. "Instabilities in large economies: aggregate volatility without idiosyncratic shocks," Papers 1406.5022, arXiv.org.
• Item repec:pra:mprapa:56721 is not listed on IDEAS anymore

• Nicholas S. Coleman & Leo Feler, 2014. "Bank Ownership, Lending, and Local Economic Performance During the 2008-2010 Financial Crisis," International Finance Discussion Papers 1099, Board of Governors of the Federal Reserve System (U.S.).
• Etienne Gagnon & J. David López-Salido, 2014. "Small Price Responses to Large Demand Shocks," Finance and Economics Discussion Series 2014-18, Board of Governors of the Federal Reserve System (U.S.).
• Michal Jurek, 2014. "Role and impact of different types of financial institutions on economic performance and stability of the real sector in selected EU member states," Working papers wpaper36, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
• Narcisa Kadlcakova & Lubos Komarek & Zlatuse Komarkova & Michal Hlavacek, 2013. "Identification of Asset Price Misalignments on Financial Markets With Extreme Value Theory," Working Papers 2013/14, Czech National Bank.
• McCarthy, Yvonne & McQuinn, Kieran, 2014. "Deleveraging in a highly indebted property market: Who does it and are there implications for household consumption?," Research Technical Papers 05/RT/14, Central Bank of Ireland.
• Antony, Jürgen, 2014. "Technical change and the elasticity of factor substitution," Beiträge der Hochschule Pforzheim 147, Pforzheim University.
• Timothy Kam & Pere Gomis-Porqueras & Christopher J. Waller, 2013. "Breaking the Kareken and Wallace Indeterminacy Result," ANU Working Papers in Economics and Econometrics 2013-613, Australian National University, College of Business and Economics, School of Economics.
• Michael Clemens and David McKenzie, 2014. "Why Don't Remittances Appear to Affect Growth? - Working Paper 366," Working Papers 366, Center for Global Development.
• Felicia Ionescu & Marius Ionescu, 2014. "The Interplay Between Student Loans and Credit Card Debt: Implications for Default in the Great Recession," Finance and Economics Discussion Series 2014-14, Board of Governors of the Federal Reserve System (U.S.).
• Michael T. Kiley, 2014. "An Evaluation of the Inflationary Pressure Associated with Short- and Long-term Unemployment," Finance and Economics Discussion Series 2014-28, Board of Governors of the Federal Reserve System (U.S.).
• Gollier, Christian, 2014. "Gamma discounters are short-termist," IDEI Working Papers 828, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2014.
• Miguel Ángel Rivera Ríos, 2014. "Crisis inmobiliaria, recesión y endeudamiento masivo, 2002-2011," Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la Universidad Autónoma de Ciudad Juárez. 21, Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez, revised 06 2014.
• Varang Wiriyawit & Benjamin Wong, 2014. "Structural VARs, Deterministic and Stochastic Trends: Does Detrending Matter?," CAMA Working Papers 2014-46, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Canlin Li & Min Wei, 2014. "Term Structure Modeling with Supply Factors and the Federal Reserve's Large Scale Asset Purchase Programs," Finance and Economics Discussion Series 2014-07, Board of Governors of the Federal Reserve System (U.S.).
• Nadja König & Ingrid Größl, 2014. "Catching up with the Joneses and Borrowing Constraints: An Agent-based Analysis of Household Debt," Macroeconomics and Finance Series 201404, University of Hamburg, Department of Socioeconomics.
• Wlasiuk, Juan Marcos, 2013. "The Mechanics of Real Undervaluation and Growth," MPRA Paper 56628, University Library of Munich, Germany.
• Alberto Cavallo & Brent Neiman & Roberto Rigobon, 2014. "The Price Impact of Joining a Currency Union: Evidence from Latvia," NBER Working Papers 20225, National Bureau of Economic Research, Inc.
• Fadi Hassan, 2014. "The Price of Development," The Institute for International Integration Studies Discussion Paper Series iiisdp446, IIIS.
• Lucia Ramirez & Gabriela Mordecki, 2014. "Investment, growth and employment: VECM for Uruguay," Documentos de Trabajo (working papers) 14-07, Instituto de Economía - IECON.
• Adler, Matthew & Treich, Nicolas, 2014. "Consumption, Risk and Prioritarianism," TSE Working Papers 14-500, Toulouse School of Economics (TSE).
• Hryckiewicz, Aneta, 2014. "The problem with government interventions: The wrong banks, inadequate strategies, or ineffective measures?," MPRA Paper 56730, University Library of Munich, Germany.
• Xavier Chojnicki & Lionel Ragot, 2014. "Impacts of Immigration on Aging Welfare-State An Applied General Equilibrium Model for France," EconomiX Working Papers 2014-33, University of Paris Nanterre, EconomiX.
• Dasgupta, Shouro & Bhattacharya, Debapriya & Neethi, Dwitiya Jawher, 2013. "Does Democracy Impact Economic Growth? Exploring the Case of Bangladesh – A Cointegrated VAR Approach," MPRA Paper 56621, University Library of Munich, Germany.
• Michael Clemens and Timothy N. Ogden, 2014. "Migration as a Strategy for Household Finance: A Research Agenda on Remittances, Payments, and Development- Working Paper 354," Working Papers 354, Center for Global Development.
• Alex Haberis & Andrej Sokol, 2014. "A procedure for combining zero and sign restrictions in a VAR-identification scheme," Discussion Papers 1410, Centre for Macroeconomics (CFM).
• John D. Conroy, 2014. "Colonial Origins of the Informal Economy on the Gazelle Peninsula," Crawford School Research Papers 1405, Crawford School of Public Policy, The Australian National University.