Report NEP-MAC-2017-06-25

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:

• Gaetano Gaballo & Ariel Zetlin-Jones, 2016. "Bailouts, Moral Hazard and Banks’ Home Bias for Sovereign Debt," Working Papers 16, European Stability Mechanism.
• Valdivia Coria, Joab Dan & Valdivia Coria, Daney, 2017. "Impulse on the Aggregate Demand in Bolivia through the coordination of the Monetary and Fiscal Policy in crisis time," MPRA Paper 79835, University Library of Munich, Germany.
• Eckhard Hein, 2017. "Stagnation policy in the Eurozone and economic policy alternatives," FMM Working Paper 05-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Bozhechkova Alexandra & Trunin Pavel & Knobel Alexander & Kiyutsevskaya Anna, 2017. "Russia’s Monetary Policy in 2016," Published Papers ppaper-2017-269, Gaidar Institute for Economic Policy, revised 2017.
• Nocera, Andrea & Roma, Moreno, 2017. "House prices and monetary policy in the euro area: evidence from structural VARs," Working Paper Series 2073, European Central Bank.
• Jeetendra Khadan, 2016. "An Econometric Analysis of Energy Revenue and Government Expenditure Shocks on Economic Growth in Trinidad and Tobago," IDB Publications (Working Papers) 97018, Inter-American Development Bank.
• Francesco Saraceno, 2016. "When Keynes goes to Brussels : a new fiscal rule for the EMU," SciencePo Working papers Main hal-03459045, HAL.
• Eckhard Hein & Eckhard Achim Truger, 2017. "Opportunities and limits of rebalancing the Eurozone via wage policies," FMM Working Paper 06-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Item repec:spo:wpmain:info:hdl:2441/644vfdaim38frrvbit4u0bh0ha is not listed on IDEAS anymore

• Izryadnova Olga, 2017. "Fixed investment in Russia in 2016," Published Papers ppaper-2017-277, Gaidar Institute for Economic Policy, revised 2017.
• Mariarosaria Comunale & Jonas Striaukas, 2017. "Unconventional Monetary Policy: Interest Rates and Low Inflation. A Review of Literature and Methods," Bank of Lithuania Occasional Paper Series 13, Bank of Lithuania.
• Roberto Chang & Andres Fernandez & Adam Gulan, 2016. "Bond Finance, Bank Credit, and Aggregate Fluctuations in an Open Economy," IDB Publications (Working Papers) 95376, Inter-American Development Bank.
• Francis Leni Anguyo & Rangan Gupta & Kevin Kotzé, 2017. "Monetary Policy, Financial Frictions and Structural Changes: A Markov-Switching DSGE Approach," Working Papers 201748, University of Pretoria, Department of Economics.
• Dean Croushore & Simon van Norden, 2017. "Fiscal Surprises At The Fomc," Working Papers 17-13, Federal Reserve Bank of Philadelphia.
• Emmanouil Gkiourkas, Theodore Panagiotidis, Gianluigi Pelloni, 2017. "Revisiting the Macroeconomic Effects of Labor Reallocation," LCERPA Working Papers 0102, Laurier Centre for Economic Research and Policy Analysis, revised 01 Jun 2017.
• Mitsuru Katagiri & Koji Takahashi, 2017. "Do Term Premiums Matter? Transmission via Exchange Rate Dynamics," Bank of Japan Working Paper Series 17-E-7, Bank of Japan.
• Gambetti, Luca & Musso, Alberto, 2017. "The macroeconomic impact of the ECB's expanded asset purchase programme (APP)," Working Paper Series 2075, European Central Bank.
• Daniel Baksa & Mihnea Constantinescu & Zsuzsa Munkacsi, 2016. "Aging, Informality and Public Policies in a Small Open Economy," Bank of Lithuania Discussion Paper Series 2, Bank of Lithuania.
• Noth, Felix & Busch, Matias Ossandon, 2017. "Banking globalization, local lending, and labor market effects : Micro-level evidence from Brazil," BOFIT Discussion Papers 11/2017, Bank of Finland, Institute for Economies in Transition.
• Juan Pablo Mateo, 2017. "The profit rate and asset-price inflation in the Spanish economy," Working Papers 1721, New School for Social Research, Department of Economics.
• Mihnea Constantinescu & Anh Dinh Minh Nguyen, 2017. "Unemployment or Credit: Who Holds The Potential? Results From a Small-Open Economy," Bank of Lithuania Discussion Paper Series 4, Bank of Lithuania.
• Giovanni Pellegrino, 2017. "Uncertainty and the Real Effects of Monetary Policy Shocks in the Euro Area," Melbourne Institute Working Paper Series wp2017n15, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
• Jair N. Ojeda-Joya & Oscar E. Guzman, 2017. "The Size of Fiscal Multipliers and the Stance of Monetary Policy in Developing Economies," IEER Working Papers 106, Institute of Empirical Economic Research, Osnabrueck University.
• Cars Hommes & Domenico Massaro & Matthias Weber, 2017. "Monetary Policy under Behavioral Expectations: Theory and Experiment," Bank of Lithuania Working Paper Series 42, Bank of Lithuania.
• Kang, Wensheng & Ratti, Ronald. A. & Vespignani, Joaquin, 2016. "The implications of liquidity expansion in China for the US dollar," Working Papers 2016-02, University of Tasmania, Tasmanian School of Business and Economics.
• Forbes, Kristin & Kirkham, Lewis & Theodoridis, Konstantinos, 2017. "A trendy approach to UK inflation dynamics," Discussion Papers 49, Monetary Policy Committee Unit, Bank of England.
• Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2016. "The impact of ECB policies on Euro area investment," SciencePo Working papers Main hal-03459319, HAL.
• Item repec:spo:wpmain:info:hdl:2441/3vuuavnjhi9ghbgj75gq519ge1 is not listed on IDEAS anymore

• Jan Libich, 2017. "Unpleasant monetarist arithmetic: Macroprudential edition," CAMA Working Papers 2017-40, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Pedro Gomis-Porqueras & Christopher J. Waller, 2017. "Optimal Taxes Under Private Information: The Role of the Inflation," Working Papers 2017-014, Federal Reserve Bank of St. Louis, revised 20 Aug 2020.
• Lahura, Erick, 2017. "Monetary Aggregates and Monetary Policy in Peru," Working Papers 2017-003, Banco Central de Reserva del Perú.
• Anh Dinh Minh Nguyen, 2017. "U.K. Monetary Policy under Inflation Targeting," Bank of Lithuania Working Paper Series 41, Bank of Lithuania.
• Francesca Rondina, 2017. "The Impact of Oil Price Changes in a New Keynesian Model of the U.S. Economy," Working Papers 1709E, University of Ottawa, Department of Economics.
• Kang, Wensheng & Ratti, Ronald. A. & Vespignani, Joaquin, 2016. "Global uncertainty and the global economy: Decomposing the impact of uncertainty shocks," Working Papers 2016-01, University of Tasmania, Tasmanian School of Business and Economics.
• Adeel Malik, 2017. "The Political Economy of Macroeconomic Policy in Arab Resource- Rich Economies," Working Papers 1117, Economic Research Forum, revised 07 Jun 2017.
• Doi, Jonas Takayuki & Fernandes, Marcelo & Nunes, Clemens V. de Azevedo, 2017. "Disagreement in inflation forecasts and inflation risk premia in Brazil," Textos para discussão 453, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
• Reis, Ricardo, 2015. "Comment on: “when does a central bank’s balance sheet require fiscal support?” by Marco Del Negro and Christopher A. Sims," LSE Research Online Documents on Economics 65867, London School of Economics and Political Science, LSE Library.
• Kang, Wensheng & Ratti, Ronald. A. & Vespignani, Joaquin, 2016. "The impact of oil price shocks on the US stock market: A note on the roles of the US and non-US oil production," Working Papers 2016-03, University of Tasmania, Tasmanian School of Business and Economics.
• Egle Jakucionyte, 2017. "Personal Bankruptcy, Bank Portfolio Choice and the Macroeconomy," Bank of Lithuania Working Paper Series 44, Bank of Lithuania.
• Santos, Susana, 2017. "An approach to the structural features of the socio-economic activity of a country based on a Social Accounting Matrix.Evidences and multiplier effects on distribution of income," MPRA Paper 79727, University Library of Munich, Germany.
• Naseer, Areef Ahmed & Masih, Mansur, 2016. "Expect the unexpected: housing price bubble on the horizon in Malaysia," MPRA Paper 79721, University Library of Munich, Germany.
• Allan Wright & Patrice Borda, 2016. "Macroeconomic Fluctuations Under Natural Disaster Shocks in Central America and the Caribbean," IDB Publications (Working Papers) 97076, Inter-American Development Bank.
• Isaev, Mirolim & Masih, Mansur, 2017. "Macroeconomic and bank-specific determinants of different categories of non-performing financing in Islamic banks: Evidence from Malaysia," MPRA Paper 79719, University Library of Munich, Germany.
• Michael Donadelli & Patrick Gruning, 2017. "Innovation Dynamics and Fiscal Policy: Implications for Growth, Asset Prices, and Welfare," Bank of Lithuania Working Paper Series 43, Bank of Lithuania.
• CARPANTIER Jean-François & OLIVERA Javier & VAN KERM Philippe, 2017. "Macroprudential Policy and Household Wealth Inequality," LISER Working Paper Series 2017-09, Luxembourg Institute of Socio-Economic Research (LISER).
• Eckhard Hein, 2017. "Post-Keynesian macroeconomics since the mid-1990s - main developments," FMM Working Paper 01-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Waldo Mendoza Bellido & Erika Collantes Goicochea, 2017. "La economía de PPK. Promesas y resultados: la distancia que los separa," Documentos de Trabajo / Working Papers 2017-440, Departamento de Economía - Pontificia Universidad Católica del Perú.
• Giuliano Curatola & Michael Donadelli & Patrick Gruning & Christoph Meinerding, 2016. "Investment-Specific Shocks, Business Cycles, and Asset Prices," Bank of Lithuania Working Paper Series 36, Bank of Lithuania.
• Lim, Siok Jin & Masih, Mansur, 2017. "Exploring portfolio diversification opportunities in Islamic capital markets through bitcoin: evidence from MGARCH-DCC and Wavelet approaches," MPRA Paper 79752, University Library of Munich, Germany.
• Gondo, Rocío & Vega, Marco, 2017. "The Dynamics of Investment Projects: Evidence from Peru," Working Papers 2017-006, Banco Central de Reserva del Perú.
• Sebastian Gechert & Rafael Mentges, 2017. "Financial Cycles and fiscal multipliers," FMM Working Paper 04-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Khromov Mikhail, 2017. "Russia’s banking sector in 2016," Published Papers ppaper-2017-272, Gaidar Institute for Economic Policy, revised 2017.
• Razak, Razman & Masih, Mansur, 2017. "The links between crude palm oil, conventional and Islamic stock markets: evidence from Malaysia based on continuous and discrete wavelet analysis," MPRA Paper 79717, University Library of Munich, Germany.
• Richard A. Brecher & Till Gross, 2017. "Unemployment and Income-Distribution Effects of Economic Growth: A Minimum-Wage Analysis with Optimal Saving," Carleton Economic Papers 17-08, Carleton University, Department of Economics, revised 14 Jul 2017.
• International Monetary Fund, 2017. "Bangladesh; 2017 Article IV Consultation-Press Release; Staff Report," IMF Staff Country Reports 17/147, International Monetary Fund.
• Peter L. Rousseau & Paul Wachtel, 2017. "Episodes of financial deepening: credit booms or growth generators?," Vanderbilt University Department of Economics Working Papers 17-00009, Vanderbilt University Department of Economics.
• Cuéllar Martín, Jaime & Martín-Román, Ángel L. & Moral, Alfonso, 2017. "A composed error model decomposition and spatial analysis of local unemployment," MPRA Paper 79783, University Library of Munich, Germany.
• DO ANGO, Simplicio & AMBA OYON, Claude Marius, 2016. "A PANIC Attack on Inflation and Unemployment in Africa: Analysis of Persistence and Convergence," MPRA Paper 79685, University Library of Munich, Germany.
• Broni, Mohammed Yaw & Masih, Mansur, 2017. "Does a country’s external debt level affect its Islamic banking sector development? evidence from Malaysia based on quantile regression and markov regime switching," MPRA Paper 79758, University Library of Munich, Germany.
• Abdi, Aisha Aden & Masih, Mansur, 2017. "Do macroeconomic variables affect stock–sukuk correlation in the regional markets? evidence from the GCC countries based on DOLS and FM-OLS," MPRA Paper 79753, University Library of Munich, Germany.
• Hosen, Mosharrof & Masih, Mansur, 2017. "Are Islamic risk factors blessings or curse for stock return? evidence from Malaysia based on dynamic GMM and quantile regression approaches," MPRA Paper 79738, University Library of Munich, Germany.
• Francis Leni Anguyo & Rangan Gupta & Kevin Kotze, 2017. "Monetary Policy, Financial Frictions and Structural Changes: A Markov-Switching DSGE approach," School of Economics Macroeconomic Discussion Paper Series 2017-05, School of Economics, University of Cape Town.
• Christophe Blot & Jérôme Creel & Paul Hubert, 2016. "Rooms for extension of the ECB’s quantitative easing programme," SciencePo Working papers Main hal-03459414, HAL.
• Stefano Bosi & David Desmarchelier, 2017. "Local Bifurcations of Three and Four-Dimensional Systems: A Tractable Characterization with Economic Applications," EUSP Department of Economics Working Paper Series Ec-02/17, European University at St. Petersburg, Department of Economics.
• Christos Shiamptanis, 2017. "Austerity Measures: Do they avert solvency crises?," LCERPA Working Papers 0103, Laurier Centre for Economic Research and Policy Analysis, revised 19 Jun 2017.
• Bruce Carlin & William Mann, 2017. "Finance, farms, and the Fed's early years," NBER Working Papers 23511, National Bureau of Economic Research, Inc.
• Item repec:spo:wpmain:info:hdl:2441/75fsoo4rte8ssb1kq0o5g46mcg is not listed on IDEAS anymore

• Andrés Camilo Cortés Gómez, 2017. "La sharing economy y sus efectos en el mercado del trabajo," Econógrafos, Escuela de Economía 15632, Universidad Nacional de Colombia, FCE, CID.
• James B. Bullard, 2017. "Current Growth, Inflation and Price Level Developments in the U.S.: a presentation at Keio University, Tokyo, Japan. May 26, 2017," Speech 286, Federal Reserve Bank of St. Louis.
• Shinsuke Ikeda & Takeshi Ojima, 2017. "Tempting Goods, Self-Control Fatigue, and Time Preference in Consumer Dynamics," Vienna Economics Papers 1704, University of Vienna, Department of Economics.
• Povilas Lastauskas & Julius Stakenas, 2016. "Openness and Structural Labour Market Reforms: Counterfactuals for Lithuania," Bank of Lithuania Discussion Paper Series 1, Bank of Lithuania.
• Polezhaeva Natalia, 2017. "Financial market regulation 2013–2016: new subjects and new requirements," Published Papers ppaper-2017-289, Gaidar Institute for Economic Policy, revised 2017.
• Tsukhlo Sergey, 2017. "Russian industrial enterprises in 2016 (on business surveys’ findings)," Published Papers ppaper-2017-278, Gaidar Institute for Economic Policy, revised 2017.
• Kamiar Mohaddes & Amany El-Anshasy & Jeffrey B. Nugent, 2017. "Oil, Volatility and Institutions: Cross-Country Evidence From Major Oil Producers," Working Papers 1115, Economic Research Forum, revised 06 2017.
• Steven Robins, 2017. "Casting Off: How Ottawa Can Maximize the Value of Canada’s Major Ports and Benefit Taxpayers," e-briefs 259, C.D. Howe Institute.
• Vega, Marco & Chávez, Joselin, 2017. "Propagación de Choques de Encaje en el Sistema Bancario Peruano," Working Papers 2017-004, Banco Central de Reserva del Perú.
• Ibrahim Elbadawi & Mohamed Goaied & Moez Ben Tahar, 2017. "Fiscal- Monetary Interdependence and Exchange Rate Regimes in Oil Dependent Arab Economies," Working Papers 1116, Economic Research Forum, revised 07 Jun 2017.
• Stefan Neuwirth, 2017. "Time-varying mixed frequency forecasting: A real-time experiment," KOF Working papers 17-430, KOF Swiss Economic Institute, ETH Zurich.
• International Monetary Fund, 2017. "Eastern Caribbean Currency Union; 2017 Discussion on Common Policies of Member Countries-Press Release and Staff Report," IMF Staff Country Reports 17/150, International Monetary Fund.
• Bhatt, Vipul & Kishor, Kundan & Marfatia, Hardik, 2017. "Estimating excess sensitivity and habit persistence in consumption using Greenbook forecast as an instrument," MPRA Paper 79748, University Library of Munich, Germany.
• Adolfo Barajas & Sergio Restrepo & Roberto Steiner & Juan Camilo Medellín & César Pabón, 2016. "Balance Sheet Effects in Colombian Non-Financial Firms," IDB Publications (Working Papers) 96379, Inter-American Development Bank.
• Dean Corbae & Pablo D'Erasmo, 2017. "Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics," NBER Working Papers 23515, National Bureau of Economic Research, Inc.
• Kashiwabara, Chie, 2017. "Rural bank mergers/consolidations in the Philippines : a preliminary study," IDE Discussion Papers 651, Institute of Developing Economies, Japan External Trade Organization(JETRO).
• Irina Syssoyeva-Masson & João de Sousa Andrade, 2017. "The Effect of Public Debt on Growth in Multiple Regimes in the Presence of Long-Memory and Non-Stationary Debt Series," CeBER Working Papers 2017-07, Centre for Business and Economics Research (CeBER), University of Coimbra.
• Carvalho, Carlos Viana de & Masini, Ricardo Pereira & Medeiros, Marcelo C., 2017. "Arco: an artificial counterfactual approach for high-dimensional panel time-series data," Textos para discussão 454, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
• Jeffrey A. Frankel, 2017. "The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-exporting Countries to Accommodate Trade Shocks Automatically," Working Papers 1111, Economic Research Forum, revised 06 2017.
• Bande, Roberto & Martín-Román, Ángel L., 2017. "Regional differences in the Okun’s Relationship: New Evidence for Spain (1980-2015)," MPRA Paper 79833, University Library of Munich, Germany.
• Kyungmin Kim, 2017. "A Price-Differentiation Model of the Interbank Market and Its Application to a Financial Crisis," Finance and Economics Discussion Series 2017-065, Board of Governors of the Federal Reserve System (U.S.).
• Gustav A. Horn & Fabian Lindner & Sabine Stephan, 2017. "The Role of nominal wages in trade and current account surpluses," IMK Report 125e-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Joseph P. Byrne & Marco Lorusso & Bing Xu, 2017. "Oil Prices and Informational Frictions: The Time-Varying Impact of Fundamentals and Expectations," CEERP Working Paper Series 006, Centre for Energy Economics Research and Policy, Heriot-Watt University.
• Rasa Stasiukynaite, 2017. "Understanding Monetary Policy Stance," Bank of Lithuania Occasional Paper Series 14, Bank of Lithuania.
• International Monetary Fund, 2017. "Cyprus; First Post-Program Monitoring Discussions-Press Release; Staff Report; and Statement by the Executive Director for Cyprus," IMF Staff Country Reports 17/148, International Monetary Fund.
• International Monetary Fund, 2017. "Colombia; Review Under the Flexible Credit Line Arrangement-Press Release and Staff Report," IMF Staff Country Reports 17/149, International Monetary Fund.
• International Monetary Fund, 2017. "Morocco; First Review Under the Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco," IMF Staff Country Reports 17/146, International Monetary Fund.
• Justine Pedrono & Aurélien Violon, 2017. "Banks' leverage Procyclicality: Does Currency Diversification Matter?," Working Papers 2017-09, CEPII research center.
• Maurice Obstfeld & Jonathan David Ostry & Mahvash S Qureshi, 2017. "A Tie That Binds; Revisiting the Trilemma in Emerging Market Economies," IMF Working Papers 17/130, International Monetary Fund.
• Nils Herger, 2017. "An empirical assessment of the Swedish Bullionist Controversy," Working Papers 17.01, Swiss National Bank, Study Center Gerzensee.
• Umirah, Fatin & Masih, Mansur, 2017. "Should the Malaysian Islamic stock market investors invest in regional and international equity market to gain portfolio diversification benefits ?," MPRA Paper 79762, University Library of Munich, Germany.
• Brendan Epstein & Alan Finkelstein Shapiro & Andrés González Gómez, 2017. "Financial Disruptions and the Cyclical Upgrading of Labor," IMF Working Papers 17/131, International Monetary Fund.
• Christophe Blot & Paul Hubert, 2016. "Negative interest rates: incentive or hindrance for the banking system?," SciencePo Working papers Main hal-03459162, HAL.
• Item repec:spo:wpmain:info:hdl:2441/5pidfbl3vc8nio3qg56ng4561s is not listed on IDEAS anymore

• Jochen Hartwig, 2017. "The comparative statics of effective demand," FMM Working Paper 03-2017, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.