Report NEP-MAC-2019-05-27

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:

• Fabio Canetg & Daniel Kaufmann, 2019. "Shocking Interest Rate Floors," IRENE Working Papers 19-02, IRENE Institute of Economic Research.
• Jasper de Jong & Emmanuel De Veirman, 2019. "Heterogeneity and Asymmetric Macroeconomic Effects of Changes in Loan-to-Value Limits," Working Papers 635, DNB.
• Saroj Bhattarai & Jae Won Lee & Woong Yong Park & Choongryul Yang, 2019. "Macroeconomic effects of capital tax rate changes," CESifo Working Paper Series 7630, CESifo.
• Pavon-Prado, David, 2019. "Have we been measuring monetary policy correctly? Analysing the Federal Reserve’s policies over the last century," IFCS - Working Papers in Economic History.WH 28342, Universidad Carlos III de Madrid. Instituto Figuerola.
• Altavilla, Carlo & Brugnolini, Luca & Gürkaynak, Refet S. & Motto, Roberto & Ragusa, Giuseppe, 2019. "Measuring euro area monetary policy," Working Paper Series 2281, European Central Bank.
• Nyoni, Thabani & Mutongi, Chipo, 2019. "Modeling and forecasting inflation in The Gambia: an ARMA approach," MPRA Paper 93980, University Library of Munich, Germany.
• Nyoni, Thabani & Mutongi, Chipo & Nyoni, Munyaradzi & Hamadziripi, Oscar Hapanyengwi, 2019. "Understanding inflation dynamics in the Kingdom of Eswatini: a univariate approach," MPRA Paper 93979, University Library of Munich, Germany.
• Nyoni, Thabani, 2019. "Demystifying inflation dynamics in Rwanda: an ARMA approach," MPRA Paper 93982, University Library of Munich, Germany.
• W. Similan Rujiwattanapong, 2019. "Unemployment Dynamics and Endogenous Unemployment Insurance Extensions," Discussion Papers 1909, Centre for Macroeconomics (CFM).
• Régis Barnichon & Geert Mesters, 2019. "Identifying Modern Macro Equations with Old Shocks," Working Papers 1097, Barcelona School of Economics.
• Carlo Altavilla & Miguel Boucinha & José-Luis Peydró, 2017. "Monetary policy and bank profitability in a low interest rate environment," Economics Working Papers 1655, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2018.
• Bram Gootjes & Jakob de Haan & Richard Jong-A-Pin, 2019. "Do fiscal rules constrain political budget cycles?," DNB Working Papers 634, Netherlands Central Bank, Research Department.
• Harold M. Hastings & Tai Young-Taft & Thomas Wang, 2019. "When to Ease Off the Brakes--and Hopefully Prevent Recessions," Economics Working Paper Archive wp_929, Levy Economics Institute.
• Arina Wischnewsky & David-Jan Jansen & Matthias Neuenkirch, 2019. "Financial Stability and the Fed: Evidence from Congressional Hearings," DNB Working Papers 633, Netherlands Central Bank, Research Department.
• Farid Zulfigarov & Matthias Neuenkirch, 2019. "Azerbaijan and its Oil Resources: Curse or Blessing?," Research Papers in Economics 2019-11, University of Trier, Department of Economics.
• Elien Meuleman & Rudi Vander Vennet, 2019. "Macroprudential Policy And Bank Systemic Risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/971, Ghent University, Faculty of Economics and Business Administration.
• Charles Gaa & Xuezhi Liu & Cameron MacDonald & Xiangjin Shen, 2019. "Assessing the Resilience of the Canadian Banking System," Staff Analytical Notes 2019-16, Bank of Canada.
• David Kiefer, Ivan Mendieta-Munoz, Codrina Rada, Rudiger von Arnim, 2019. "Secular Stagnation and Income Distribution Dynamics," Working Paper Series, Department of Economics, University of Utah 2019_05, University of Utah, Department of Economics.
• Charles Gaa & Xuezhi Liu & Cameron MacDonald & Xiangjin Shen, 2019. "Évaluer la résilience du système bancaire canadien," Staff Analytical Notes 2019-16fr, Bank of Canada.
• Aakriti Mathur & Rajeswari Sengupta, 2019. "Analysing monetary policy statements of the Reserve Bank of India," IHEID Working Papers 08-2019, Economics Section, The Graduate Institute of International Studies.
• Kevin Clinton & R. S Craig & Douglas Laxton & Hou Wang, 2019. "Strengthening the Monetary Policy Framework in Korea," IMF Working Papers 19/103, International Monetary Fund.
• Angelini, Giovanni & Fanelli, Luca, 2018. "Exogenous uncertainty and the identification of Structural Vector Autoregressions with external instruments," MPRA Paper 93864, University Library of Munich, Germany, revised May 2019.
• Olkhov, Victor, 2019. "New Essentials of Economic Theory III. Economic Applications," MPRA Paper 94053, University Library of Munich, Germany.
• Ettore Gallo, 2019. "Investment, Autonomous Demand and Long Run Capacity Utilization: An Empirical Test for the Euro Area," Working Papers 1904, New School for Social Research, Department of Economics.
• Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2019. "Structure of Income Inequality and Household Leverage: Theory and Cross-Country Evidence," Documents de travail du Centre d'Economie de la Sorbonne 19005, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Yannis Dafermos & Maria Nikolaidi, 2019. "Fiscal policy and ecological sustainability: A post-Keynesian perspective," Working Papers PKWP1912, Post Keynesian Economics Society (PKES).
• Nyoni, Thabani & Mutongi, Chipo, 2019. "Modeling the long-run relationship between inflation and economic growth in Zimbabwe: a bi-variate cointegration (Engle-Granger Two-Step) approach," MPRA Paper 93981, University Library of Munich, Germany.
• Bernardino, Tiago, 2019. "Asset Liquidity and Fiscal Consolidation Programs," MPRA Paper 93903, University Library of Munich, Germany.
• Előd Takáts & Judit Temesvary, 2019. "How does the interaction of macroprudential and monetary policies affect cross-border bank lending?," BIS Working Papers 782, Bank for International Settlements.
• Panizza, Ugo & Fatás, Antonio & Ghosh, Atish R. & ,, 2019. "The Motives to Borrow," CEPR Discussion Papers 13735, C.E.P.R. Discussion Papers.
• Martin Geiger & Jochen Güntner, 2019. "How are oil supply shocks transmitted to the U.S. economy?," Economics working papers 2019-13, Department of Economics, Johannes Kepler University Linz, Austria.
• Blanco-Arroyo, Omar & Ruiz-Buforn, Alba & Vidal-Tomás, David & Alfarano, Simone, 2019. "Empresas granulares y desagregación regional: un análisis del caso español [Granular firms and regional disaggregation: an analysis of the Spanish case]," MPRA Paper 93913, University Library of Munich, Germany.
• Michael T. Owyang & Jeremy M. Piger & Daniel Soques, 2019. "Contagious Switching," Working Papers 2019-014, Federal Reserve Bank of St. Louis, revised 28 Feb 2021.
• International Monetary Fund, 2019. "Republic of Korea; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea," IMF Staff Country Reports 19/132, International Monetary Fund.
• International Monetary Fund, 2019. "Paraguay; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Paraguay," IMF Staff Country Reports 19/111, International Monetary Fund.
• Perevyshin, Yuriy (Перевышин, Юрий) & Petrova, Diana (Петрова, Диана), 2019. "The impact of inflation expectations on the effects of monetary policy [Влияние Инфляционных Ожиданий На Последствия Денежно-Кредитной Политики]," Working Papers 041918, Russian Presidential Academy of National Economy and Public Administration.
• Gabriel Jiménez & Atif Mian & José-Luis Peydró & Jesús Saurina, 2019. "The Real Effects of the Bank Lending Channel," Working Papers 1099, Barcelona School of Economics.
• Nyoni, Thabani & Muchingami, Lovemore, 2019. "Modeling and forecasting Botswana's Growth Domestic Product (GDP) per capita," MPRA Paper 93987, University Library of Munich, Germany.
• Contreras, Alex & Gondo, Rocío & Oré, Erick & Pérez, Fernando, 2019. "Evaluando el impacto de las medidas de desdolarización del crédito en el Perú," Working Papers 2019-005, Banco Central de Reserva del Perú.
• Anders Rygh Swensen & Pål Boug & Ådne Cappelen & Eilev S. Jansen, 2019. "The consumption Euler equation or the Keynesian consumption function?," Discussion Papers 904, Statistics Norway, Research Department.
• Yaya, OlaOluwa S & Ogbonna, Ahamuefula & Mudida, Robert, 2019. "Hysteresis of Unemployment Rates in Africa: New Findings from Fourier ADF test," MPRA Paper 93939, University Library of Munich, Germany.
• Chong-En Bai & Chang-Tai Hsieh & Zheng Michael Song, 2019. "Special Deals with Chinese Characteristics," NBER Working Papers 25839, National Bureau of Economic Research, Inc.
• Georges Prat & David Le Bris, 2019. "Equity Risk Premium and Time Horizon: what do the French secular data say ?," EconomiX Working Papers 2019-8, University of Paris Nanterre, EconomiX.
• De Grauwe, Paul & Ji, Yuemei & Foresti, Pasquale, 2019. "Fiscal Policies in Booms and Busts," CEPR Discussion Papers 13740, C.E.P.R. Discussion Papers.
• Mansur, Alfan, 2017. "10 Tahun Pasca Krisis Keuangan Global, Dimana Posisi Indonesia Sekarang? [10 Years After the Global Financial Crisis, Where is Indonesia’s Position Now?]," MPRA Paper 93945, University Library of Munich, Germany, revised 08 Dec 2017.
• Elie Bouri & Riza Demirer & Rangan Gupta & Xiaojin Sun, 2019. "The Predictability of Stock Market Volatility in Emerging Economies: Relative Roles of Local, Regional and Global Business Cycles," Working Papers 201938, University of Pretoria, Department of Economics.
• Yosef Bonaparte & Russell Cooper & Mengli Sha, 2019. "Rationalizing Trading Frequency and Returns: Maybe Trading is Good for You," NBER Working Papers 25838, National Bureau of Economic Research, Inc.
• William Gbohoui & W. Raphael Lam & Victor Duarte Lledo, 2019. "The Great Divide: Regional Inequality and Fiscal Policy," IMF Working Papers 19/88, International Monetary Fund.
• International Monetary Fund, 2019. "Colombia; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia," IMF Staff Country Reports 19/106, International Monetary Fund.
• Francois Gerard & Joana Naritomi, 2019. "Job displacement insurance and (the lack of) consumption-smoothing," CESifo Working Paper Series 7625, CESifo.
• Lodge, David & Manu, Ana-Simona, 2019. "EME financial conditions: which global shocks matter?," Working Paper Series 2282, European Central Bank.
• Beetsma, Roel & Chen, Damiaan & van Wijnbergen, Sweder, 2019. "Unhedgeable Inflation Risk within Pension Schemes," CEPR Discussion Papers 13742, C.E.P.R. Discussion Papers.
• International Monetary Fund, 2019. "Republic of Madagascar; Technical Assistance Report—Report on Technical Assistance Mission in External Sector Statistics (July 2-13, 2018)," IMF Staff Country Reports 19/110, International Monetary Fund.
• International Monetary Fund, 2019. "People’s Republic of China—Macao Special Administrative Region; 2019 Article IV Consultation Discussions-Press Release; Staff Report; and Statement by the Executive Director for Macao SAR," IMF Staff Country Reports 19/123, International Monetary Fund.
• Niels Gilbert, 2019. "Euro area sovereign risk spillovers before and after the ECB's OMT announcement," DNB Working Papers 636, Netherlands Central Bank, Research Department.
• Khorunzhina, Natalia, 2018. "Intratemporal Nonseparability between Housing and Nondurable Consumption: Evidence from Reinvestment in Housing Stock," MPRA Paper 93920, University Library of Munich, Germany, revised 14 May 2019.
• Uluc Aysun, 2019. "Centralized versus Decentralized Banking: Bank-level evidence from U.S. Call Reports," Working Papers 2019-03, University of Central Florida, Department of Economics.
• Jean-Marc Natal & Nicolas Stoffels, 2019. "Globalization, Market Power, and the Natural Interest Rate," IMF Working Papers 19/95, International Monetary Fund.
• International Monetary Fund, 2019. "Kingdom of Lesotho; 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kingdom of Lesotho," IMF Staff Country Reports 19/113, International Monetary Fund.
• Huixin Bi & Wenyi Shen & Shu-Chun Susan Yang, 2019. "Fiscal Implications of Interest Rate Normalization in the United States," IMF Working Papers 19/90, International Monetary Fund.
• Erik Kole & Liesbeth Noordegraaf-Eelens & Bas Vringer, 2019. "Cognitive Biases and Consumer Sentiment," Tinbergen Institute Discussion Papers 19-031/I, Tinbergen Institute, revised 21 Mar 2023.
• Elton Beqiraj & Lucrezia Fanti & Luca Zamparelli, 2019. "Sectoral Composition of Output and the Wage Share: a Two-Sector Kaleckian Model," Working Papers 3/19, Sapienza University of Rome, DISS.
• Ferrreira, Ana Melissa, 2019. "Skill-Biased Technological Change and Inequality in the U.S," MPRA Paper 93914, University Library of Munich, Germany.
• D’Erasmo, Pablo & Moscoso Boedo, Hernán & Olivero, Maria & Sangiácomo, Máximo, 2019. "Relationship Networks in Banking Around a Sovereign Default and Currency Crisis," School of Economics Working Paper Series 2019-2, LeBow College of Business, Drexel University.
• International Monetary Fund, 2019. "Jordan; Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing o," IMF Staff Country Reports 19/127, International Monetary Fund.
• International Monetary Fund, 2019. "The Gambia; Request for a Staff-Monitored Program; Press Release and Staff Report," IMF Staff Country Reports 19/128, International Monetary Fund.
• International Monetary Fund, 2019. "Republic of Uzbekistan; 2019 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 19/129, International Monetary Fund.
• Fabián Ricardo Martínez Cruz & Carlos Mateo Perilla Castañeda & Juan David Urquijo Vanegas, 2019. "La dinámica de los precios de la gasolina en Colombia, su regulación y estructura tarifaria," Econógrafos, Escuela de Economía 17283, Universidad Nacional de Colombia, FCE, CID.
• Jamie Cross & Bao H. Nguyen & Bo Zhang, 2019. "New kid on the block? China vs the US in world oil markets," CAMA Working Papers 2019-33, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• International Monetary Fund, 2019. "Republic of Poland; Financial Sector Assessment Program-Technical Note-Macroprudential Policy Framework," IMF Staff Country Reports 19/119, International Monetary Fund.
• Ruchir Agarwal & Miles Kimball, 2019. "Enabling Deep Negative Rates to Fight Recessions: A Guide," IMF Working Papers 19/84, International Monetary Fund.
• International Monetary Fund, 2019. "Bhutan; Technical Assistance Report-Royal Monetary Authority-Steps Towards a Liquidity Forecasting and Management Framework," IMF Staff Country Reports 19/114, International Monetary Fund.
• Ewen Gallic & Gauthier Vermandel, 2019. "Weather Shocks," Working Papers halshs-02127846, HAL.
• Pandey, Radhika & Patnaik, Ila, 2019. "Fiscal policy cyclicality in South Asian economies," Working Papers 19/268, National Institute of Public Finance and Policy.
• Stephen G. Hall & Heather D. Gibson & Pavlos Petroulas & George S. Tavlas, 2019. "The Effect of Emergency Liquidity Assistance (ELA) on Bank Lending during the Euro Area Crisis," Discussion Papers in Economics 19/01, Division of Economics, School of Business, University of Leicester.
• Zachary Parolin, 2019. "Automation and occupational wage trends," OECD Social, Employment and Migration Working Papers 228, OECD Publishing.
• Andrew Clark & Alexander Mihailov, 2019. "Why private cryptocurrencies cannot serve as international reserves but central bank digital currencies can," Economics Discussion Papers em-dp2019-09, Department of Economics, University of Reading.
• International Monetary Fund, 2019. "Republic of Uzbekistan; Technical Assistance Report-Fiscal Transparency Evaluation Update," IMF Staff Country Reports 19/116, International Monetary Fund.
• Asongu, Simplice & Efobi, Uchenna & Tanankem, Belmondo & Osabuohien, Evans, 2019. "Globalisation and Female Economic Participation in Sub-Saharan Africa," MPRA Paper 94016, University Library of Munich, Germany.
• Mansur, Alfan & Al Arif, Munafsin, 2017. "Dampak Kepemilikan Asing terhadap Pasar Surat Berharga Negara (SBN) Indonesia [The Impact of Foreign Ownership on the Indonesian Government Bonds Market]," MPRA Paper 93944, University Library of Munich, Germany, revised 14 Jun 2017.
• Sinelnikova-Muryleva, Elena (Синельникова-Мурылева, Елена), 2019. "Development of approaches to the assessment of welfare losses due to inflation in Russia [Разработка Подходов К Оценке Потерь Благосостояния Из-За Инфляции В России]," Working Papers 041921, Russian Presidential Academy of National Economy and Public Administration.
• Heinisch, Dominik & Koenig, Johannes & Otto, Anne, 2019. "The IAB-INCHER project of earned doctorates (IIPED): A supervised machine learning approach to identify doctorate recipients in the German integrated employment biography data," IAB-Discussion Paper 201913, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
• Nyoni, Thabani & Muchingami, Lovemore, 2019. "Foreign Direct Investment (FDI) dynamics in India: what do ARIMA models tell us?," MPRA Paper 93986, University Library of Munich, Germany.
• Christian Castro & Jorge E. Galán, 2019. "Drivers of productivity in the Spanish banking sector: recent evidence," Working Papers 1912, Banco de España.
• Kozo Kiyota & Yoshinori Kurokawa, 2019. "Intermediate Goods-Skill Complementarity," Keio-IES Discussion Paper Series 2019-013, Institute for Economics Studies, Keio University.
• Demiralp, Selva & Eisenschmidt, Jens & Vlassopoulos, Thomas, 2019. "Negative interest rates, excess liquidity and retail deposits: banks’ reaction to unconventional monetary policy in the euro area," Working Paper Series 2283, European Central Bank.
• Chiara Fratto & Harald Uhlig, 2019. "Online Appendix to "Accounting for Post-Crisis Inflation: A Retro Analysis"," Online Appendices 18-217, Review of Economic Dynamics.
• Fredrik Heyman & Pehr-Johan Norbäck & Lars Persson, 2019. "The turnaround of the Swedish economy: lessons from large business sector reforms," CESifo Working Paper Series 7627, CESifo.
• Anping Chen & Nicolaas Groenewold, 2019. "Regional resilience in China: The response of the provinces to the growth slowdown," Economics Discussion / Working Papers 19-06, The University of Western Australia, Department of Economics.
• Ajide, Kazeem & Alimi, Olorunfemi & Asongu, Simplice, 2019. "Ethnic Diversity and Inequality in sub-Saharan Africa: Do Institutions Reduce the Noise?," MPRA Paper 94015, University Library of Munich, Germany.