Report NEP-MAC-2019-09-02

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:

• Petrella, Ivan & Lubello, Federico & Santoro, Emiliano, 2019. "Bank Assets, Liquidity and Credit Cycles," CEPR Discussion Papers 13831, C.E.P.R. Discussion Papers.
• ÅžimÅŸek, Alp & Caballero, Ricardo, 2019. "A Risk-centric Model of Demand Recessions and Speculation," CEPR Discussion Papers 13815, C.E.P.R. Discussion Papers.
• ÅžimÅŸek, Alp & Caballero, Ricardo, 2019. "Prudential Monetary Policy," CEPR Discussion Papers 13832, C.E.P.R. Discussion Papers.
• Serena Sordi & Marwil J. Dávila-Fernández, 2019. "Investment behaviour and “bull & bear” dynamics: Modelling real and stock market interactions," Department of Economics University of Siena 800, Department of Economics, University of Siena.
• João Valle e Azevedo & Pedro Teles, 2019. "The Neutrality of Nominal Rates: How Long is the Long Run?," Working Papers w201911, Banco de Portugal, Economics and Research Department.
• Piguillem, Facundo & Flemming, Jean & L'Huillier, Jean-Paul, 2019. "(Macro) Prudential Taxation of Good News," CEPR Discussion Papers 13816, C.E.P.R. Discussion Papers.
• Alisdair McKay & Johannes F. Wieland, 2019. "Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy," NBER Working Papers 26175, National Bureau of Economic Research, Inc.
• Cecchetti, Stephen & Schoenholtz, Kermit L., 2019. "Improving U.S. Monetary Policy Communications," CEPR Discussion Papers 13915, C.E.P.R. Discussion Papers.
• Müller, Gernot & Enders, Zeno & Hünnekes, Franziska, 2019. "Monetary Policy Announcements and Expectations: Evidence from German Firms," CEPR Discussion Papers 13916, C.E.P.R. Discussion Papers.
• Ventura, Jaume & Asriyan, Vladimir & Fornaro, Luca & Martín, Alberto, 2019. "Monetary Policy for a Bubbly World," CEPR Discussion Papers 13803, C.E.P.R. Discussion Papers.
• Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2019. "Kinks and Gains from Credit Cycles," CEPR Discussion Papers 13795, C.E.P.R. Discussion Papers.
• Moretti, Laura & Onorante, Luca & Zakipour-Saber, Shayan, 2019. "Phillips curves in the euro area," Research Technical Papers 8/RT/19, Central Bank of Ireland.
• Patir, Assaf, 2019. "Synchronization in Sunspot Models," MPRA Paper 95720, University Library of Munich, Germany.
• Benhima, Kenza & Blengini, Isabella, 2019. "Optimal Monetary Policy when Information is Market-Generated," CEPR Discussion Papers 13817, C.E.P.R. Discussion Papers.
• posada, 2019. "Colombian Economic Growth, Investment and Saving: From 1954 to 2019 and Beyond," Documentos de Trabajo de Valor Público 17389, Universidad EAFIT.
• Ansgar Rannenberg, 2019. "Inequality, the risk of secular stagnation and the increase in household deb," Working Paper Research 375, National Bank of Belgium.
• Narek Ghazaryan, 2014. "Short Term Forecasting System of Private Demand Components in Armenia," Working Papers 3, Central Bank of the Republic of Armenia, revised Dec 2015.
• Congressional Budget Office, 2019. "An Update to the Budget and Economic Outlook: 2019 to 2029," Reports 55551, Congressional Budget Office.
• Koray Alper & Fatih Altunok & Tanju Çapacıoğlu & Steven Ongena, 2019. "The Effect of Unconventional Monetary Policy on Cross‐Border Bank Loans: Evidence from an Emerging Market," Swiss Finance Institute Research Paper Series 19-38, Swiss Finance Institute.
• Gharleghi, Behrooz, 2019. "Economic integration and macroeconomic shocks in Eurasia," MPRA Paper 95545, University Library of Munich, Germany.
• Jorg Bibow, 2019. "Evolving International Monetary and Financial Architecture and the Development Challenge: A Liquidity Preference Theoretical Perspective," Economics Working Paper Archive wp_935, Levy Economics Institute.
• Al Raee, Mueid & De Crombrugghe, Denis & Ritzen, Jo, 2019. "No evidence of an oil curse: Natural resource abundance, capital formation and productivity," MERIT Working Papers 2019-023, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
• Bakari, Sayef & Tiba, Sofien & Fakraoui, Nissar, 2019. "Does Domestic Investment Contribute to Economic Growth in Uruguay? What did the Empirical Facts Say?," MPRA Paper 95526, University Library of Munich, Germany.
• Albanesi, Stefania & Vamossy, Domonkos, 2019. "Predicting Consumer Default: A Deep Learning Approach," CEPR Discussion Papers 13914, C.E.P.R. Discussion Papers.
• Klodiana Istrefi, 2019. "In Fed Watchers’ Eyes: Hawks, Doves and Monetary Policy," Working papers 725, Banque de France.
• Engelke, Carola & Heinisch, Katja & Schult, Christoph, 2019. "How forecast accuracy depends on conditioning assumptions," IWH Discussion Papers 18/2019, Halle Institute for Economic Research (IWH).
• Croce, Mariano & Nguyen, Thien & Raymond, Steve, 2019. "Persistent Government Debt and Aggregate Risk Distribution," CEPR Discussion Papers 13922, C.E.P.R. Discussion Papers.
• Rossmann, Tobias, 2019. "Does Experience Shape Subjective Expectations?," Rationality and Competition Discussion Paper Series 181, CRC TRR 190 Rationality and Competition.
• Alexander Ballantyne & Tom Cusbert & Richard Evans & Rochelle Guttmann & Jonathan Hambur & Adam Hamilton & Elizabeth Kendall & Rachael McCririck & Gabriela Nodari & Daniel Rees, 2019. "MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy," RBA Research Discussion Papers rdp2019-07, Reserve Bank of Australia.
• Guillaume Ouellet Leblanc & Maxime Leboeuf, 2019. "Bridging Canadian Business Lending and Market-Based Risk Measures," Staff Analytical Notes 2019-26, Bank of Canada.
• Cláudia Braz & Nicolas Carnot, 2019. "Euro area fiscal policy changes: stylised features of the past two decades," Working Papers w201910, Banco de Portugal, Economics and Research Department.
• Sulaiman, Saidu & Masih, Mansur, 2017. "Is liberalizing finance the game in town for Nigeria ?," MPRA Paper 95569, University Library of Munich, Germany.
• Ugochi Emenogu & Leo Michelis, 2019. "Financial Frictions, Durable Goods and Monetary Policy," Staff Working Papers 19-31, Bank of Canada.
• Maria Manuel Campos & Cristina Checherita-Westphal, 2019. "Economic consequences of high public debt and challenges ahead for the euro area," Working Papers o201904, Banco de Portugal, Economics and Research Department.
• Mariano Max Croce & Thien T. Nguyen & Steve Raymond, 2019. "Persistent Government Debt and Aggregate Risk Distribution," NBER Working Papers 26177, National Bureau of Economic Research, Inc.
• Liudmila Kitrar & Tamara Lipkind, 2019. "Business Climate Indicator In Manufacturing, Medium- And High-Tech Industries In Russia," HSE Working papers WP BRP 96/STI/2019, National Research University Higher School of Economics.
• Cláudia Braz & Maria Manuel Campos & Sharmin Sazedj, 2019. "The new ESCB methodology for the calculation of cyclically adjusted budget balances: an application to the Portuguese case," Working Papers w201907, Banco de Portugal, Economics and Research Department.
• Christina Christou & David Gabauer & Rangan Gupta, 2019. "Time-Varying Impact of Uncertainty Shocks on Macroeconomic Variables of the United Kingdom: Evidence from Over 150 Years of Monthly Data," Working Papers 201962, University of Pretoria, Department of Economics.
• Andersen, Henrik Yde, 2019. "Housing Wealth or Collateral: How Home Value Shocks Drive Home Equity Extraction and Spending," CEPR Discussion Papers 13926, C.E.P.R. Discussion Papers.
• Luis E. Arango & Lina Cardona-Sosa, 2019. "Tarjetas de crédito en personas de ingresos medios y bajos en Colombia: ¿qué determina su uso?," Borradores de Economia 1089, Banco de la Republica de Colombia.
• Bakari, Sayef & Tiba, Sofien & Fakraoui, Nissar, 2019. "Does Domestic Investment Contribute to Economic Growth in Uruguay? What did the Empirical Facts Say?," MPRA Paper 95594, University Library of Munich, Germany.
• Kjetil Storesletten & Bo Zhao & Fabrizio Zilibotti, 2019. "Business Cycle during Structural Change: Arthur Lewis' Theory from a Neoclassical Perspective," NBER Working Papers 26181, National Bureau of Economic Research, Inc.
• Jang, Youngsoo, 2019. "Credit, Default, and Optimal Health Insurance," MPRA Paper 95705, University Library of Munich, Germany.
• Jess Diamond & Kota Watanabe & Tsutomu Watanabe, 2019. "The Formation of Consumer Inflation Expectations: New Evidence From Japan's Deflation Experience," Bank of Japan Working Paper Series 19-E-13, Bank of Japan.
• Magda Kandil & Ida A. Mirzaie, 2019. "Macroeconomic Policies and the Iranian Economy in the Era of Sanctions," Working Papers 1333, Economic Research Forum, revised 21 Aug 2019.
• Stefania Albanesi & Domonkos F. Vamossy, 2019. "Predicting Consumer Default: A Deep Learning Approach," NBER Working Papers 26165, National Bureau of Economic Research, Inc.
• Rossi-Hansberg, Esteban & Hsieh, Chang-Tai, 2019. "The Industrial Revolution in Services," CEPR Discussion Papers 13797, C.E.P.R. Discussion Papers.
• Müller, Gernot & Born, Benjamin & Schularick, Moritz & SedlÃ¡Ä ek, Petr, 2019. "The macroeconomic impact of Trump," CEPR Discussion Papers 13798, C.E.P.R. Discussion Papers.
• Khan, Abdul Jalil & Ahmad, Hafiz Rizwan, 2017. "An Evaluation of Effective Prosperity Measure: A Case of Wellbeing Index," MPRA Paper 93568, University Library of Munich, Germany, revised 09 Dec 2018.
• Eurico Ferreira, 2019. "ECB, BoE and Fed Monetary-Policy announcements: price and volume effects on European securities markets," Working Papers w201914, Banco de Portugal, Economics and Research Department.
• Ngan, Sue Lin & How, Bing Shen & Teng, Sin Yong & Promentilla, Michael Angelo B. & Yatim, Puan & Er, Ah Choy & Lam, Hon Loong, 2019. "Prioritization of sustainability indicators for promoting the circular economy: The case of developing countries," MPRA Paper 95450, University Library of Munich, Germany, revised 01 Jun 2019.
• Baumann, Ursel & Gomez-Salvador, Ramon & Seitz, Franz, 2019. "Detecting turning points in global economic activity," Working Paper Series 2310, European Central Bank.
• Hamid, Zuraini & Masih, Mansur, 2017. "The lead-lag relationship between the rubber price and inflation rate: an evidence from Malaysia," MPRA Paper 95564, University Library of Munich, Germany.
• Olkhov, Victor, 2019. "Methods of Economic Theory: Variables, Transactions and Expectations as Functions of Risks," MPRA Paper 95628, University Library of Munich, Germany.
• Gunes Kamber & Benjamin Wong, 2019. "Global factors and trend inflation," CAMA Working Papers 2019-62, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• López, Martha & Sarmiento G., Eduardo, 2019. "El Sistema Pensional en Colombia," Working papers 16, Red Investigadores de Economía.
• Ralph S. J. Koijen & Francois Koulischer & Benoit Nguyen & Motohiro Yogo, 2019. "Inspecting the Mechanism of Quantitative Easing in the Euro Area," NBER Working Papers 26152, National Bureau of Economic Research, Inc.
• Giudice, Gabriele & de Manuel Aramendía, Mirzha & Kontolemis, Zenon & Monteiro, Daniel P., 2019. "A European safe asset to complement national government bonds," MPRA Paper 95748, University Library of Munich, Germany.
• Cristina Arellano & Xavier Mateos-Planas & José-Víctor Ríos-Rull, 2019. "Partial Default," NBER Working Papers 26076, National Bureau of Economic Research, Inc.
• Michel Alexandre & Gilberto Tadeu Lima, 2019. "Macroeconomic Impacts of Trade Credit: An Agent-Based Modeling Exploration," Working Papers, Department of Economics 2019_31, University of São Paulo (FEA-USP).
• Joshua C. C. Chan, 2019. "Minnesota-type adaptive hierarchical priors for large Bayesian VARs," CAMA Working Papers 2019-61, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Clara Brenck & Laura Carvalho, 2019. "The equalizing spiral in early 21st century Brazil: a Kaleckian model with sectoral heterogeneity," Working Papers, Department of Economics 2019_30, University of São Paulo (FEA-USP).
• ÅžimÅŸek, Alp & Caballero, Ricardo, 2019. "A Model of Fickle Capital Flows and Retrenchment," CEPR Discussion Papers 13819, C.E.P.R. Discussion Papers.
• Sameera Awawda & Mohammad Abu-Zaineh & Bruno Ventelou, 2019. "Who Bears the Burden of Universal Health Coverage? An Assessment of Alternative Financing Policies Using an Overlapping generations General Equilibrium Model," Working Papers 1335, Economic Research Forum, revised 21 Aug 2019.
• Xiao,Tim, 2019. "Incremental Risk Charge Methodology," EconStor Preprints 201810, ZBW - Leibniz Information Centre for Economics.
• Shekhar Aiyar & Simon Voigts, 2019. "The Negative Mean Output Gap," IMF Working Papers 19/183, International Monetary Fund.
• Hartmann, Monika & Gijsel, Lola Hernandez-van & Plooij, Mirjam & Vandeweyer, Quentin, 2019. "Are instant payments becoming the new normal? A comparative study," Occasional Paper Series 229, European Central Bank.
• António Rua & Hossein Hassani, 2019. "Monthly Forecasting of GDP with Mixed Frequency Multivariate Singular Spectrum Analysis," Working Papers w201913, Banco de Portugal, Economics and Research Department.
• Emiliano Brancaccio & Raffaele Giammetti & Milena Lopreite & Michelangelo Puliga, 2019. "Monetary Policy, Crisis and Capital Centralization in Corporate Ownership and Control Networks: a B-Var Analysis," LEM Papers Series 2019/28, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Ugo Pagano & Maria Alessandra Rossi, 2019. "Come sorridere anche noi: Sviluppo economico, accesso alle conoscenze, e riduzione delle diseguaglianze," Department of Economics University of Siena 803, Department of Economics, University of Siena.
• Bahar Öztürk & Ad Stokman, 2019. "Animal spirits and household spending in Europe and the US," DNB Working Papers 648, Netherlands Central Bank, Research Department.
• Muhammad Zeshan & Muhammad Nasir, 2019. "Pakistan Input-Output Table 2010-11," PIDE-Working Papers 2019:162, Pakistan Institute of Development Economics.
• Zakaria El Faiz & Said Tounsi, 2019. "Les Fluctuations Cycliques De La Production Et Du Chômage Au Maroc : Une Approche Sectorielle De La Loi D’Okun," Working Papers 1336, Economic Research Forum, revised 21 Aug 2019.
• Stephany, Fabian & Lorenz, Hanno, 2019. "Back to the Future - Changing Job Profiles in the Digital Age," EconStor Preprints 202035, ZBW - Leibniz Information Centre for Economics.
• Athena Kalyva & Savina Prince & Alexander Leodolter & Caterina Astarita, 2018. "Labour Taxation and Inclusive Growth," European Economy - Discussion Papers 084, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Fernando Martins & Domingos Seward, 2019. "Into the heterogeneities in the Portuguese labour market: an empirical assessment," Working Papers w201908, Banco de Portugal, Economics and Research Department.