Report NEP-MAC-2018-10-08

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:

• Sasaki, Hiroaki, 2018. "タイトル：カレツキアン・モデルの基本骨格――短期モデルと長期モデル―― [The Basic Framework of the Kaleckian Model of Growth and Distribution: Short-run Model and Long-run Model]," MPRA Paper 88986, University Library of Munich, Germany.
• Tatjana Dahlhaus & Tatevik Sekhposyan, 2018. "Monetary Policy Uncertainty: A Tale of Two Tails," Staff Working Papers 18-50, Bank of Canada.
• Javier Andrés & José E. Boscá & Javier Ferri & Cristina Fuentes-Albero, 2018. "Households' balance sheets and the effect of fiscal policy," Working Papers 1831, Banco de España.
• Gunda-Alexandra Detmers & Özer Karagedikli & Richhild Moessner, 2018. "Quantitative or qualitative forward guidance: Does it matter?," BIS Working Papers 742, Bank for International Settlements.
• Nao Sudo & Masaki Tanaka, 2018. "Do Market Segmentation and Preferred Habitat Theories Hold in Japan? : Quantifying Stock and Flow Effects of Bond Purchases," Bank of Japan Working Paper Series 18-E-16, Bank of Japan.
• BIKAI, J. Landry & MBOHOU M., Moustapha, 2016. "A Reaction Function for the Bank of the Central African States in a Context of Fiscal Dominance," MPRA Paper 89108, University Library of Munich, Germany.
• Epstein, Brendan & Finkelstein Shapiro, Alan, 2017. "Banking and Financial Participation Reforms, Labor Markets, and Financial Shocks," MPRA Paper 88697, University Library of Munich, Germany.
• Yasuo Hirose, 2018. "An Estimated DSGE Model with a Deflation Steady State," Keio-IES Discussion Paper Series 2018-014, Institute for Economics Studies, Keio University.
• Saskia Ter Ellen & Edvard Jansen & Nina Larsson Midthjell, 2018. "ECB spillovers and domestic monetary policy effectiveness in small open economies," Working Paper 2018/9, Norges Bank.
• Cesteros, Santiago Rodrigo, 2018. "Sobre volatilidad macroeconómica y dolarización de la riqueza: el caso argentino [On macroeconomic volatility and wealth dollarization: the Argentine case]," MPRA Paper 88968, University Library of Munich, Germany.
• Ashima Goyal & Abhishek Kumar, 2018. "Money and business cycle: Evidence from India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2018-020, Indira Gandhi Institute of Development Research, Mumbai, India.
• BIKAI, J. Landry & BATOUMEN M., Hardit & FOSSOUO, Armand, 2016. "Determinants of inflation in CEMAC: the role of money," MPRA Paper 89111, University Library of Munich, Germany.
• Rafael Ravnik & Nikola Bokan, 2018. "Quarterly Projection Model for Croatia," Surveys 34, The Croatian National Bank, Croatia.
• Fève, Patrick & Moura, Alban & Pierrard, Olivier, 2018. "Predetermined Interest Rates in a Analytical RBC model," TSE Working Papers 18-954, Toulouse School of Economics (TSE).
• Refet S. Gürkaynak & Burçin Kısacıkoğlu & Jonathan H. Wright, 2018. "Missing Events in Event Studies: Identifying the Effects of Partially-Measured News Surprises," CESifo Working Paper Series 7229, CESifo.
• Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The macroeconomic effects of macroprudential policy," BIS Working Papers 740, Bank for International Settlements.
• Patrick Honohan, 2018. "Real and Imagined Constraints on Euro Area Monetary Policy," Working Paper Series WP18-8, Peterson Institute for International Economics.
• Michal Franta & Tomas Holub & Branislav Saxa, 2018. "Balance Sheet Implications of the Czech National Bank's Exchange Rate Commitment," Working Papers 2018/10, Czech National Bank.
• Jonas Ljungberg & Anders Ögren, 2017. "Exchange rates, catch up, and lagging behind in Europe since 1870," Working Papers 17022, Economic History Society.
• Matthieu Verstraete & Lena Suchanek, 2018. "Understanding Monetary Policy and its Effects: Evidence from Canadian Firms Using the Business Outlook Survey," CESifo Working Paper Series 7221, CESifo.
• Renée Fry-McKibbin & Rodrigo da Silva Souza, 2018. "Chinese resource demand or commodity price shocks: Macroeconomic effects for an emerging market economy," CAMA Working Papers 2018-45, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Kilian Rieder & Michael Anson & David Bholat & Miao Kang & Ryland Thomas, 2018. "Frosted glass or raised eyebrow? Testing the Bank of England’s discount window policies during the crisis of 1847," Working Papers 18020, Economic History Society.
• Andrew Phiri, 2018. "Pursuing the Philips curve in an African monarchy: A Swazi case study," Working Papers 1832, Department of Economics, Nelson Mandela University.
• Sun, Tianyu & Chand, Satish & Sharpe, Keiran, 2018. "Effect of Aging on Urban Land Prices in China," MPRA Paper 89237, University Library of Munich, Germany.
• Auer, Raphael & Burstein, Ariel & Lein, Sarah M., 2018. "Exchange Rates and Prices: Evidence from the 2015 Swiss Franc Appreciation," Working papers 2018/23, Faculty of Business and Economics - University of Basel.
• Borowczyk-Martins, Daniel & Lalé, Etienne, 2018. "The Ins and Outs of Involuntary Part-time Employment," Working Papers 9-2018, Copenhagen Business School, Department of Economics.
• Pinkwart, Nicolas, 2018. "Short-term forecasting economic activity in Germany: A supply and demand side system of bridge equations," Discussion Papers 36/2018, Deutsche Bundesbank.
• Nguyen, Quoc Hung, 2018. "Optimal Growth Policies in a Two-Sector Model with Financial Market Imperfections," MPRA Paper 88952, University Library of Munich, Germany.
• Oliver Rehbein, 2018. "Flooded through the Back Door: Firm-Level Effects of Banks' Lending Shifts," CRC TR 224 Discussion Paper Series crctr224_043_2018, University of Bonn and University of Mannheim, Germany.
• Semyon Malamud & Andreas Schrimpf, 2018. "An intermediation-based model of exchange rates," BIS Working Papers 743, Bank for International Settlements.
• Geoff Weir, 2018. "Wage Growth Puzzles and Technology," RBA Research Discussion Papers rdp2018-10, Reserve Bank of Australia.
• Hanhui Guan & Jie Mao, 2018. "The Silver Standard as a discipline on money over-issuance: The mechanism of paper money in Yuan China," Working Papers 18013, Economic History Society.
• Loriana Pelizzon & Marti G. Subrahmanyam & Reiko Tobe & Jun Uno, 2018. "Scarcity and Spotlight Effects on Liquidity and Yield: Quantitative Easing in Japan," IMES Discussion Paper Series 18-E-14, Institute for Monetary and Economic Studies, Bank of Japan.
• Miroslav Gabrovski & Victor Ortego-Marti, 2018. "Search and Credit Frictions in the Housing Market," Working Papers 201816, University of California at Riverside, Department of Economics.
• Michael Brei & Ramon Moreno, 2018. "Reserve requirements and capital flows in Latin America," BIS Working Papers 741, Bank for International Settlements.
• Mathias Drehmann & James Yetman, 2018. "Why you should use the Hodrick-Prescott filter - at least to generate credit gaps," BIS Working Papers 744, Bank for International Settlements.
• Ali, Amjad & Zulfiqar, Kalsoom, 2018. "An Assessment of Association between Natural Resources Agglomeration and Unemployment in Pakistan," MPRA Paper 89022, University Library of Munich, Germany, revised 2018.
• CHAFIK, Omar, 2018. "Financial cycle and conduct of monetary policy: The amplifier/divider theory," MPRA Paper 89170, University Library of Munich, Germany.
• CHAFIK, Omar, 2018. "Financial cycle and conduct of monetary policy: theory and empirical evidence," MPRA Paper 88995, University Library of Munich, Germany.
• International Monetary Fund, 2018. "Trinidad and Tobago; 2018 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 18/285, International Monetary Fund.
• Karen Dynan, 2018. "Implications of Lower Trend Productivity Growth for Tax Policy," Working Paper Series WP18-11, Peterson Institute for International Economics.
• Bhattacharya, Rudrani & Sen Gupta, Abhijit, 2017. "Drivers and Impact of Food Inflation in India," MPRA Paper 88721, University Library of Munich, Germany, revised 2017.
• Carmel Chiswick, 2018. "Modelling Economic Development: The Lewis Model Updated," Working Papers 2018-5, The George Washington University, Institute for International Economic Policy.
• Christofzik, Désirée & Feld, Lars P. & Reuter, Wolf Heinrich & Yeter, Mustafa, 2018. "Uniting European fiscal rules: How to strenghten the fiscal framework," Working Papers 04/2018, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
• Stefan Avdjiev & Uluc Aysun & Ralf Hepp, 2018. "What drives local lending by global banks?," BIS Working Papers 746, Bank for International Settlements.
• Haroon Mumtaz & Alberto Musso, 2018. "The evolving impact of global, region-specific and country-specific uncertainty," Working Papers 866, Queen Mary University of London, School of Economics and Finance.
• Andrea Consiglio & Stavros A Zenios, 2018. "Pricing and hedging GDP-linked bonds in incomplete markets," Working Papers 29, European Stability Mechanism.
• Heise, Arne, 2018. "Postkeynesianismus: Ein heterodoxer Ansatz auf der Suche nach einer Fundierung," ZÖSS-Discussion Papers 69, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
• Ana-Isabel Guerra, 2018. "Claiming the Usefulness of Relative Welfare Indicators in General Equilibrium Analysis:A Comprehensive Comparison of VAT Reforms," UFAE and IAE Working Papers 964.18, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
• Daouda SEMBENE & Vigninou GAMMADIGBE & Ismaël ISSIFOU & Sampawende J.-A. TAPSOBA, 2018. "Fiscal Convergence in Africa: What Role for Regional Economic Communities?," Working Papers P233, FERDI.
• Daouda SEMBENE & Vigninou GAMMADIGBE & Ismaël ISSIFOU & Sampawende J.-A. TAPSOBA, 2018. "Fiscal Convergence in Africa: What Role for Regional Economic Communities?," Working Papers P233, FERDI.
• Thomas Palley, 2018. "The economics of the super-multiplier," FMM Working Paper 33-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Davide Romelli, 2018. "The political economy of reforms in central bank design: evidence from a new dataset," Trinity Economics Papers tep0918, Trinity College Dublin, Department of Economics.
• Maciej Wysocki & Cezary Wójcik, 2018. "Fiscal Sustainability in the EU After the Global Crisis: Is there any Progress?," CESifo Working Paper Series 7230, CESifo.
• Irarrazabal, Alfonso A. & Ma, Lin, 2018. "Optimal Asset Allocation for Commodity Sovereign Wealth Funds," Working Paper Series 11-2018, Norwegian University of Life Sciences, School of Economics and Business.
• Olkhov, Victor, 2018. "Expectations, Price Fluctuations and Lorenz Attractor," MPRA Paper 89105, University Library of Munich, Germany.
• Marc Auboin & Floriana Borino, 2018. "The Falling Elasticity of Global Trade to Economic Activity: Testing the Demand Channel," CESifo Working Paper Series 7228, CESifo.
• Kapoor, Advik & Kaur, Vijay, 2018. "A novel Optimization Plan for Multiple-Area Economic Dispatch : An Electro Search Optimization Approach," MPRA Paper 88979, University Library of Munich, Germany.
• Diewert, Erwin & Feenstra, Robert, 2018. "Estimating the Benefits of New Products," Microeconomics.ca working papers erwin_diewert-2018-7, Vancouver School of Economics, revised 06 Sep 2018.
• Eric Tong, 2018. "US Monetary Policy, Global Risk Aversion, and New Zealand Funding Conditions," Treasury Working Paper Series 18/04, New Zealand Treasury.
• Bakari, Sayef, 2018. "If France continues this strategy, taxes will destroy domestic investment and economic growth," MPRA Paper 88944, University Library of Munich, Germany.
• Bakari, Sayef, 2018. "If France continues this strategy, taxes will destroy domestic investment and economic growth," MPRA Paper 89011, University Library of Munich, Germany.
• Siami-Namini, Sima & Hudson, Darren & Trindade, A. Alexandre & Lyford, Conrad, 2018. "Commodity Prices, Monetary Policy and the Taylor Rule," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266719, Southern Agricultural Economics Association.
• Sergey Ivashchenko & Semih Emre Çekin & Kevin Kotzé & Rangan Gupta, 2018. "Forecasting with Second-Order Approximations and Markov Switching DSGE Models," Working Papers 201862, University of Pretoria, Department of Economics.
• Gonzalo F. de-Córdoba & Benedetto Molinari & José L. Torres, 2018. "Public Debt Frontier. A toolkit for analyzing fiscal policy and debt sustainability," Working Paper series 18-36, Rimini Centre for Economic Analysis.
• Coletta Frenzel Baudisch, 2018. "Sectoral FDI and the Real Exchange Rate: The Role of Financial Development," MAGKS Papers on Economics 201828, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Diewert, Erwin, 2018. "Scanner Data, Elementary Price Indexes and the Chain Drift Problem," Microeconomics.ca working papers erwin_diewert-2018-8, Vancouver School of Economics, revised 30 Aug 2018.
• Iwona ?adysz, 2018. "The Management Of The Public Finance Security Of Poland," Proceedings of Business and Management Conferences 7608422, International Institute of Social and Economic Sciences.
• Apaydın, Şükrü, 2018. "The Relations Between Unemployment and Entrepreneurship in Turkey: Schumpeter or Refugee Effect?," MPRA Paper 88923, University Library of Munich, Germany.
• Sessi Tokpavi & Christophe Boucher, 2018. "Stocks and Bonds: Flight-to-Safety for Ever?," EconomiX Working Papers 2018-39, University of Paris Nanterre, EconomiX.
• Conrad, Christian & Glas, Alexander, 2018. "‘Déjà vol’ revisited: Survey forecasts of macroeconomic variables predict volatility in the cross-section of industry portfolios," Working Papers 0655, University of Heidelberg, Department of Economics.
• Lund, Lars, 2017. "Det koster at være lille. Grønlands hjemtagelser 1980 til 1993 og smådriftsulemper (version 2)," Working Papers 10-2018, Copenhagen Business School, Department of Economics, revised 01 May 2019.
• Ancil Crayton, 2018. "Central Bank Communication and the Yield Curve: A Semi-Automatic Approach using Non-Negative Matrix Factorization," Papers 1809.08718, arXiv.org.
• Ashima Goyal, 2018. "Evaluating India's exchange rate regime under global shocks," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2018-019, Indira Gandhi Institute of Development Research, Mumbai, India.
• Flavio E. Buchieri, 2018. "Cajas de conversión no ortodoxas y crisis gemelas: a casi dos décadas de la experiencia argentina," CEMA Working Papers: Serie Documentos de Trabajo. 657, Universidad del CEMA.
• Irigoin, Alejandra, 2018. "Global silver: Bullion or Specie? Supply and demand in the making of the early modern global economy," MPRA Paper 88859, University Library of Munich, Germany.
• Alexander Bick & Bettina Brüggemann & Nicola Fuchs-Schündeln & Hannah Paule-Paludkiewicz, 2018. "Long-term Changes in Married Couples' Labor Supply and Taxes: Evidence from the US and Europe Since the 1980s," Working Papers 2018-069, Human Capital and Economic Opportunity Working Group.
• Arseneau, David & Epstein, Brendan, 2017. "Offshoring, Mismatch, and Labor Market Outcomes," MPRA Paper 88691, University Library of Munich, Germany.
• Cândida Ferreira, 2018. "Globalisation and Economic Growth: A panel data approach," Working Papers REM 2018/48, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Hoang Khieu & Klaus Wälde, 2018. "Capital Income Risk and the Dynamics of the Wealth Distribution," Working Papers 1814, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
• Herwartz, Helmut & Roestel, Jan, 2018. "A structural approach to identify financial transmission in distinguished scenarios of crises," Economics Working Papers 2018-08, Christian-Albrechts-University of Kiel, Department of Economics.
• Ilhyock Shim & Kwanho Shin, 2018. "Financial stress in lender countries and capital outflows from emerging market economies," BIS Working Papers 745, Bank for International Settlements.
• Louise Sheiner, 2018. "Effects of Low Productivity Growth on Fiscal Sustainability in the United States," Working Paper Series WP18-9, Peterson Institute for International Economics.
• Edward N. Gamber (CBO), 2017. "Did Treasury Debt Markets Anticipate the Persistent Decline in Long-Term Interest Rates?: Working Paper 2017-07," Working Papers 53153, Congressional Budget Office.
• Legrand, Romain, 2018. "Time-Varying Vector Autoregressions: Efficient Estimation, Random Inertia and Random Mean," MPRA Paper 88925, University Library of Munich, Germany.
• Bonga, Wellington G. & Mahuni, Kenneth, 2018. "Assessing the Impact of Ease of Doing Business and Corruption on Economic Growth for Africa Free Trade Zone (AFTZ) Member States," MPRA Paper 88932, University Library of Munich, Germany.
• Kiminori Matsuyama & Iryna Sushko & Laura Gardini, 2018. "A Piecewise Linear Model of Credit Traps and Credit Cycles:A Complete Characterization," Working Papers 1806, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2018.
• Marcin Jaskowski & Michael McAleer, 2018. "Spurious Cross-Sectional Dependence in Credit Spread Changes," Documentos de Trabajo del ICAE 2018-21, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
• Wenzel, Daniela, 2018. "Droughts and Corruption," Working Paper 181/2018, Helmut Schmidt University, Hamburg.
• Clemens Bonner & Eward Brouwer & Iman van Lelyveld, 2018. "Drivers of market liquidity - Regulation, monetary policy or new players?," DNB Working Papers 605, Netherlands Central Bank, Research Department.