Report NEP-MAC-2016-06-09

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:

• Nils M. Gornemann & Keith Kuester & Makoto Nakajima, 2016. "Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy," International Finance Discussion Papers 1167, Board of Governors of the Federal Reserve System (U.S.).
• Ojo, Marianne, 2016. "Basel III and responding to the recent Financial Crisis: progress made by the Basel Committee in relation to the need for increased bank capital and increased quality of loss absorbing capital," MPRA Paper 70887, University Library of Munich, Germany, revised Apr 2016.
• Mariusz Kapuscinski & Dorota Scibisz, 2016. "Quantitative easing, negative interest rates and money creation. What central banks can and cannot do?," Working Papers 26/2016, Institute of Economic Research, revised May 2016.
• Osińska, Magdalena & Kufel, Tadeusz & Blazejowski, Marcin & Kufel, Pawel, 2016. "Does economic growth really depend on the magnitude of debt? A threshold model approach," MPRA Paper 71476, University Library of Munich, Germany.
• Niu, Linlin & Xu, Xiu & Chen, Ying, 2015. "An adaptive approach to forecasting three key macroeconomic variables for transitional China," BOFIT Discussion Papers 12/2015, Bank of Finland, Institute for Economies in Transition.
• Sergey V. Smirnov & Daria A. Avdeeva, 2016. "Wishful Bias in Predicting Us Recessions: Indirect Evidence," HSE Working papers WP BRP 135/EC/2016, National Research University Higher School of Economics.
• Christian A. Belabed, 2016. "Inequality and the New Deal," IMK Working Paper 166-2016, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Accolley, Delali, 2016. "Physical and Human Capital over the Business Cycle," MPRA Paper 71017, University Library of Munich, Germany.
• Deryugina, Elena & Ponomarenko, Alexey, 2014. "A large Bayesian vector autoregression model for Russia," BOFIT Discussion Papers 22/2014, Bank of Finland, Institute for Economies in Transition.
• Thorsten Drautzburg, 2016. "A narrative approach to a fiscal DSGE model," Working Papers 16-11, Federal Reserve Bank of Philadelphia.
• Item repec:nbb:reswpp:201605-297 is not listed on IDEAS anymore

• Zuzana Mucka, 2016. "Fiscal Policy Matters A New DSGE Model for Slovakia," Discussion Papers Discussion Paper No. 1/20, Council for Budget Responsibility.
• François Gourio & Todd Messer & Michael Siemer, 2016. "Firm Entry and Macroeconomic Dynamics: A State-level Analysis," Finance and Economics Discussion Series 2016-043, Board of Governors of the Federal Reserve System (U.S.).
• Laurent Ferrara & Pierre Guérin, 2016. "What Are the Macroeconomic Effects of High-Frequency Uncertainty Shocks," Staff Working Papers 16-25, Bank of Canada.
• Oinonen, Sami & Paloviita, Maritta, 2014. "Updating the euro area Phillips curve: the slope has increased," Research Discussion Papers 31/2014, Bank of Finland.
• S. Boragan Aruoba & Pablo A. Cuba-Borda & Frank Schorfheide, 2016. "Macroeconomic Dynamics Near the ZLB : A Tale of Two Countries," International Finance Discussion Papers 1163, Board of Governors of the Federal Reserve System (U.S.).
• Pang, Ke & Siklos, Pierre L., 2015. "Macroeconomic consequences of the real-financial nexus: Imbalances and spillovers between China and the U.S," BOFIT Discussion Papers 2/2015, Bank of Finland, Institute for Economies in Transition.
• Lemoine, Matthieu & Lindé, Jesper, 2016. "Fiscal Consolidation Under Imperfect Credibility," Working Paper Series 322, Sveriges Riksbank (Central Bank of Sweden).
• SedlÃ¡Ä ek, Petr, 2016. "Creative Destruction and Uncertainty," CEPR Discussion Papers 11296, C.E.P.R. Discussion Papers.
• Wendy E. Dunn & Daniel J. Vine, 2016. "Why are Inventory-Sales Ratios at U.S. Auto Dealerships so High?," Finance and Economics Discussion Series 2016-047, Board of Governors of the Federal Reserve System (U.S.).
• Bulut, Mustafa & Karasoy, Hatice Gökçe, 2016. "Para Politikası Belirsizliği Altında Aktarım Mekanizması: Türkiye Örneği [Transmission Mechanism Under Monetary Policy Uncertainty: The Case of Turkey]," MPRA Paper 71215, University Library of Munich, Germany.
• Korhonen, Iikka & Nuutilainen, Riikka, 2016. "A monetary policy rule for Russia, or is it rules?," BOFIT Discussion Papers 2/2016, Bank of Finland, Institute for Economies in Transition.
• Honkapohja, Seppo, 2015. "Monetary policies to counter the zero interest rate: an overview of research," Research Discussion Papers 18/2015, Bank of Finland.
• Mark Setterfield & Yun K. Kim, 2016. "Household Borrowing and the Possibility of Consumption- Driven, Profit-Led Growth," Working Papers Series 39, Institute for New Economic Thinking.
• International Monetary Fund, 2016. "Portugal; Third Post-Program Discussions-Press Release; Staff Report; and Statement by the Executive Director for Portugal," IMF Staff Country Reports 16/97, International Monetary Fund.
• Günes Kamber & Gabriela Nodari & Benjamin Wong, 2016. "The Impact of Commodity Price Movements on the New Zealand Economy," Reserve Bank of New Zealand Analytical Notes series AN2016/05, Reserve Bank of New Zealand.
• Kim, Minseong, 2016. "Analysis of tax effects on consolidated household/government debts of a nation in a monetary union under classical dichotomy," MPRA Paper 71016, University Library of Munich, Germany.
• Lainà, Patrizio & Nyholm, Juho & Sarlin, Peter, 2014. "Leading indicators of systemic banking crises: Finland in a panel of EU countries," Research Discussion Papers 14/2014, Bank of Finland.
• Antoine CAZALS & Pierre MANDON, 2016. "Political Budget Cycles: Manipulation from Leaders or Manipulation from Researchers? Evidence from a Meta-Regression Analysis," Working Papers 201609, CERDI.
• S. Eickmeier & N. Metiu & Esteban Prieto, 2016. "Time-varying Volatility, Financial Intermediation and Monetary Policy," IWH Discussion Papers 19, Halle Institute for Economic Research.
• Acemoglu, Daron & Akcigit, Ufuk & Kerr, William R., 2015. "Networks and the macroeconomy: an empirical exploration," Research Discussion Papers 25/2015, Bank of Finland.
• Holopainen, Markus & Sarlin, Peter, 2015. "Toward robust early-warning models: A horse race, ensembles and model uncertainty," Research Discussion Papers 6/2015, Bank of Finland.
• Silvio Michael de Azevedo Costa, 2016. "Structural Trends and Cycles in a DSGE Model for Brazil," Working Papers Series 434, Central Bank of Brazil, Research Department.
• Adiya Belgibayeva & Alexander Plekhanov, 2016. "Does Corruption Matter for Sources of Foreign Direct Investment?," Birkbeck Working Papers in Economics and Finance 1604, Birkbeck, Department of Economics, Mathematics & Statistics.
• Dimitri Lorenzani & Vito Ernesto Reitano, 2015. "Italy’s Spending Maze Runner – An analysis of the structure and evolution of public expenditure in Italy," European Economy - Discussion Papers 023, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Porshakov, Alexey & Deryugina, Elena & Ponomarenko, Alexey & Sinyakov, Andrey, 2015. "Nowcasting and short-term forecasting of Russian GDP with a dynamic factor model," BOFIT Discussion Papers 19/2015, Bank of Finland, Institute for Economies in Transition.
• Haavio, Markus & Ripatti, Antti & Takalo, Tuomas, 2016. "Saving Wall Street or main street," Research Discussion Papers 12/2016, Bank of Finland.
• Sam Hak Kan Tang & Charles Ka Yui Leung, 2016. "The Deep Historical Roots of Macroeconomic Volatility," ISER Discussion Paper 0967, Institute of Social and Economic Research, Osaka University.
• Kauko, Karlo, 2015. "The net stable funding ratio requirement when money is endogenous," Research Discussion Papers 1/2015, Bank of Finland.
• Katerina Lisenkova & Miguel Sanchez-Martinez, 2016. "The long-term macroeconomic effects of lower migration to the UK," National Institute of Economic and Social Research (NIESR) Discussion Papers 460, National Institute of Economic and Social Research.
• Michael H. Stierle & Stijn Rocher, 2015. "Household saving rates in the EU: Why do they differ so much?," European Economy - Discussion Papers 005, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Rafael Saulo Marques Ribeiro & Alex Wilhans Antonio Palludeto, 2016. "The Effectiveness Of Monetary Policy In The Long Run: A Kaleckian Model Of Inflation, Distributive Conflict, Increasing Risk And Credit Rationing," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 055, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
• Pavel Gertler & Boris Hofmann, 2016. "Monetary facts revisited," BIS Working Papers 566, Bank for International Settlements.
• Bonthuis, Boele & Jarvis, Valerie & Vanhala, Juuso, 2015. "Shifts in euro area Beveridge curves and their determinants," Research Discussion Papers 2/2015, Bank of Finland.
• Jacopo Cimadomo & Peter Claeys & Marcos Poplawski Ribeiro, 2016. "How do Experts Forecast Sovereign Spreads?," IMF Working Papers 16/100, International Monetary Fund.
• Giovanni Ganelli & Nour Tawk, 2016. "Spillovers from Japan’s Unconventional Monetary Policy to Emerging Asia; a Global VAR approach," IMF Working Papers 16/99, International Monetary Fund.
• Athanasios Geromichalos & Lucas Herrenbrueck, 2016. "The Strategic Determination of the Supply of Liquid Assets," Working Papers 161, University of California, Davis, Department of Economics.
• Fernald, John & Hsu, Eric & Spiegel, Mark M., 2015. "Is China fudging its figures? Evidence from trading partner data," BOFIT Discussion Papers 29/2015, Bank of Finland, Institute for Economies in Transition.
• Mariotto, Carlotta & Verdier, Marianne, 2015. "Innovation and competition in Internet and mobile banking: an industrial organization perspective," Research Discussion Papers 23/2015, Bank of Finland.
• Hattendorff, Christian, 2015. "Economic concentration and finance: Evidence from Russian regions," BOFIT Discussion Papers 18/2015, Bank of Finland, Institute for Economies in Transition.
• Fungáčová, Zuzana & Nuutilainen, Riikka & Weill, Laurent, 2015. "Reserve requirements and the bank lending channel in China," BOFIT Discussion Papers 26/2015, Bank of Finland, Institute for Economies in Transition.
• Mattia Guerini & Mauro Napoletano & Andrea Roventini, 2016. "No Man Is an Island: The Impact of Heterogeneity and Local Interactions on Macroeconomic Dynamics," LEM Papers Series 2016/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
• Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2015. "Pacific Economic Monitor (December 2015)," ADB Reports RPS157767-2, Asian Development Bank (ADB).
• Sophie Piton, 2016. "A European Disease? Non-tradable inflation and real interest rate divergence," Documents de travail du Centre d'Economie de la Sorbonne 16044, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
• Jinyoung Kim & Jong-Wha Lee & Kwanho Shin, 2016. "The impact of gender equality policies on economic growth," CAMA Working Papers 2016-29, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Tuhkuri, Joonas, 2016. "ETLAnow: A Model for Forecasting with Big Data – Forecasting Unemployment with Google Searches in Europe," ETLA Reports 54, The Research Institute of the Finnish Economy.
• International Monetary Fund, 2016. "Costa Rica; 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica," IMF Staff Country Reports 16/131, International Monetary Fund.
• Franc Klaassen & Kostas Mavromatis, 2016. "Interest Rate Rules, Exchange Market Pressure, and Successful Exchange Rate Management," Tinbergen Institute Discussion Papers 16-034/VI, Tinbergen Institute.
• Georgescu, George, 2016. "Convergența instituțională a României cu Uniunea Europeană [Institutional convergence of Romania with the European Union]," MPRA Paper 70741, University Library of Munich, Germany.
• William R. Cline, 2016. "Estimates of Fundamental Equilibrium Exchange Rates, May 2016," Policy Briefs PB16-6, Peterson Institute for International Economics.
• Patricia Palhau Mora & Michael Januska, 2016. "On the Nexus of Monetary Policy and Financial Stability: Is the Financial System More Resilient?," Discussion Papers 16-12, Bank of Canada.
• Marcelo Arbex & Dennis O'Dea & David Wiczer, 2016. "Network Search: Climbing the Job Ladder Faster," Working Papers 2016-9, Federal Reserve Bank of St. Louis.
• Kilinc, Zubeyir & Yucel, Eray, 2016. "PMI Thresholds for GDP Growth," MPRA Paper 70929, University Library of Munich, Germany.
• Adriano A. Rampini & S. Viswanathan, 2016. "Household Risk Management," NBER Working Papers 22293, National Bureau of Economic Research, Inc.
• Carlos Medel, 2016. "Forecasting Inflation with the Hybrid New Keynesian Phillips Curve: A Compact-Scale Global VAR Approach," Working Papers Central Bank of Chile 785, Central Bank of Chile.
• Isohätälä, Jukka & Milne, Alistair & Robertson, Donald, 2014. "The net worth trap: investment and output dynamics in the presence of financing constraints," Research Discussion Papers 26/2014, Bank of Finland.
• Miles Parker, 2016. "The impact of disasters on inflation," Reserve Bank of New Zealand Discussion Paper Series DP2016/06, Reserve Bank of New Zealand.
• Maddalena Cavicchioli & Angeliki Papana & Ariadni Papana Dagiasis & Barbara Pistoresi, 2016. "Determinants of Central Bank Independence: a Random Forest Approach," Center for Economic Research (RECent) 122, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
• Giulio Fella & Marco Cozzi, 2016. "Job Displacement Risk and Severance Pay," Discussion Papers 1615, Centre for Macroeconomics (CFM).
• François Legrand & Xavier Ragot, 2015. "Incomplete markets and derivative assets," SciencePo Working papers Main halshs-01513312, HAL.
• Marco Veronese Passarella, 2016. "A Marx 'crises' model: The reproduction schemes revisited," Working Papers PKWP1610, Post Keynesian Economics Society (PKES).
• Donal Smith, 2016. "The International Impact of Financial Shocks: A Global VAR and Connectedness Measures Approach," Discussion Papers 16/07, Department of Economics, University of York.
• Hüning, Hendrik & Meub, Lukas, 2016. "Optimal public information dissemination: Introducing multiplier effects into a generalized beauty contest," University of Göttingen Working Papers in Economics 260 [rev.], University of Goettingen, Department of Economics.
• Zhiguo He & Arvind Krishnamurthy & Konstantin Milbradt, 2016. "A Model of Safe Asset Determination," NBER Working Papers 22271, National Bureau of Economic Research, Inc.
• Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2015. "A Model for a Regulatory Impact Analysis System in Tajikistan," ADB Reports ABF157800, Asian Development Bank (ADB).
• Gosselin, Pierre & Lotz, Aïleen & Wambst, Marc, 2016. "How To Spend It? Capital Accumulation in a Changing World," MPRA Paper 71665, University Library of Munich, Germany.