Macroéconomie: working papers (RePEc, 02/03/2011)

Source : NEP (New Economics Papers) | RePEc

  • Optimal Central Bank Lending
Date: 2010-06-21
By: Andreas Schabert (Dortmund University, and University of Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20100057&r=mac
We analyze optimal monetary policy in a sticky price
Keywords: Optimal monetary policy; central bank instruments; collateralized lending; liquidity premium; inflation
JEL: E4
  • Monetary Policy, Trend Inflation and Inflation Persistence
Date: 2011-02
By: Fang Yao
URL: http://d.repec.org/n?u=RePEc:hum:wpaper:sfb649dp2011-008&r=mac
Keywords: Intrinsic inflation persistence, Hazard function, Trend inflation, Monetary policy, New Keynesian Phillips curve
JEL: E31
  • The Role of Macroeconomic Policy in Rebalancing Growth
Date: 2011-02-17
By: J. Morgan, Peter (Asian Development Bank Institute)
URL: http://d.repec.org/n?u=RePEc:ris:adbiwp:0266&r=mac
Keywords: economic growth rebalancing; macroeconomic policy; sustainable economic growth
JEL: E21
  • Firm Entry, Inflation and the Monetary Transmission Mechanism
Date: 2011-02-08
By: Vivien LEWIS (Ghent University and Goethe University Frankfurt, IMFS)
Céline POILLY (UNIVERSITE CATHOLIQUE DE LOUVAIN, IMMAQ, Institut de Recherches Economiques et Sociales (IRES))
URL: http://d.repec.org/n?u=RePEc:ctl:louvir:2011004&r=mac
Keywords: entry, inflation, monetary transmission, monetary policy, extensive margin
JEL: E32
  • Firm entry, inflation and the monetary transmission mechanism
Date: 2011-02
By: Vivien Lewis (Postdoctoral Fellow of the Fund for Scientific Research – Flanders (FWO))
Céline Poilly (Université catholique de Louvain, Department of Economics)
URL: http://d.repec.org/n?u=RePEc:nbb:reswpp:201102-211&r=mac
Keywords: entry, inflation, monetary transmission, monetary policy, extensive margin
JEL: E32
  • The Opportunistic approach to monetary policy and financial markets
Date: 2011-02
By: Kasai Ndahiriwe (Department of Economics, University of Pretoria)
Ruthira Naraidoo (Department of Economics, University of Pretoria)
URL: http://d.repec.org/n?u=RePEc:pre:wpaper:201103&r=mac
Keywords: monetary policy, opportunistic approach, intermediate inflation, financial conditions
JEL: C51
  • Targets, Policy Lags and Sticky Prices in a Two-Equation Model of US Stabilization Policy
Date: 2011
By: David Kiefer
URL: http://d.repec.org/n?u=RePEc:uta:papers:2011_03&r=mac
Keywords: new Keynesian stabilization, policy targets, microfoundations, real-time data
JEL: E3
  • Quantitative easing in the United States after the crisis: conflicting views.
Date: 2011-02
By: Domenica Tropeano (University of Macerata)
URL: http://d.repec.org/n?u=RePEc:mcr:wpdief:wpaper00064&r=mac
  • The Effects of Housing Prices and Monetary Policy in a Currency Union
Date: 2011-01-07
By: Pau Rabanal
Oriol Aspachs-Bracons
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/6&r=mac
Keywords: Demand , Economic models , European Economic and Monetary Union , External shocks , Housing , Housing prices , Interest rates , Labor markets , Monetary policy , Spain ,
  • Temporarily Unstable Government Debt and Inflation
Date: 2011-02
By: Troy Davig
Eric M. Leeper
URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:16799&r=mac
JEL: E31
  • Optimal Monetary and Fiscal Policies in a Search-Theoretic Model of Money and Unemployment
Date: 2010-11
By: Pedro Gomis-Porqueras (School of Economics, Australian National University)
Benoit Julien (School of Economics, University of New South Wales)
Chengsi Wang (School of Economics, University of New South Wales)
URL: http://d.repec.org/n?u=RePEc:swe:wpaper:2010-23&r=mac
Keywords: Search and matching; Fiscal polices; Money; Unemployment; Efficiency
JEL: E52
  • Macroeconomics as a Science
Date: 2011-02-17
By: Apostolos Serletis
URL: http://d.repec.org/n?u=RePEc:clg:wpaper:2011-03&r=mac
This is a Foreword to William A. Barnett, “Getting it Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy,†The MIT Press (forthcoming, 2011).
Keywords: Monetary statistics, Monetary aggregation, Financial crisis, Great recession
JEL: C3
  • Monetary policy transmission in an emergingmarket setting
Date: 2011-01-06
By: Ila Patnaik
Ajay Shah
Rudrani Bhattacharya
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/5&r=mac
Keywords: Economic models , Emerging markets , Exchange rates , Monetary policy , Monetary transmission mechanism ,
  • Learning About Inflation Measures for Interest Rate Rules
Date: 2010-12-22
By: Luis-Felipe Zanna
Marco Airaudo
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:10/296&r=mac
Keywords: Economic models , Inflation , Inflation rates , Price stabilization , Stabilization measures ,
  • The Impact of Fiscal Consolidation and Structural Reforms on Growth in Japan
Date: 2011-01-13
By: Pelin Berkmen
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/13&r=mac
Keywords: Economic growth , Economic models , Fiscal consolidation , Fiscal policy , Fiscal reforms , Japan , Monetary policy , Taxes ,
  • Inflation and unemployment in Switzerland: from 1970 to 2050
Date: 2011-02-14
By: Kitov, Oleg
Kitov, Ivan
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:28887&r=mac
Keywords: Inflation; Unemployment; Labour force; Forecasting; Switzerland
JEL: J21
  • Money and Keynesian Uncertainty
Date: 2010-06-26
By: Lucarelli, B.
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:28862&r=mac
Keywords: uncertainty; money; liquidity preference; crisis; investment
JEL: B10
  • The Great Recession: US dynamics and spillovers to the world economy
Date: 2010-11
By: Fabio Bagliano (University of Turin and CeRP)
Claudio Morana (Università del Piemonte Orientale and CeRP)
URL: http://d.repec.org/n?u=RePEc:crp:wpaper:103&r=mac
Keywords: Great Recession, financial crisis, economic crisis, boombust, credit cycle, international business cycle, factor vector autoregressive models
JEL: C22
  • An Estimated Dynamic Stochastic General Equilibrium Model of the Jordanian Economy
Date: 2011-02-02
By: Tigran Poghosyan
Samya Beidas-Strom
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/28&r=mac
Keywords: Income , Monetary policy , Exchange rate depreciation , Exchange rate appreciation , Economic models , External shocks , Demand , Oil prices , Price adjustments , Wage policy , Consumption , Exchange rate policy ,
  • The Employment Effects of Fiscal Policy: How Costly Are ARRA Jobs?
Date: 2010-12-20
By: F. Gerard Adams (University of Pennsylvania (Emeritus), Economics Department)
Byron Gangnes (University of Hawaii at Manoa, Economics Department)
URL: http://d.repec.org/n?u=RePEc:hai:wpaper:201026&r=mac
Keywords: fiscal policy; employment; American Recovery and Reinvestment Act (ARRA); econometric model simulation.
JEL: E37
  • Macroeconomic Effects of Public Pension Reforms
Date: 2010-12-22
By: Anita Tuladhar
Philippe D Karam
Dirk Muir
Joana Pereira
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:10/297&r=mac
Keywords: Aging , Asia , Cross country analysis , Developed countries , Emerging markets , Euro Area , Fiscal policy , Monetary policy , Pension reforms , Pensions , Public sector , United States ,
  • Globalization, the Business Cycle, and Macroeconomic Monitoring
Date: 2011-02-01
By: M. Ayhan Kose
S. Boragan Aruoba
Marco Terrones
Francis X. Diebold
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/25&r=mac
Keywords: Business cycles , Cross country analysis , Globalization , Group of seven ,
  • Inflation Perceptions and Expectations in Sweden – Are Media Reports the ‘Missing Link’?
Date: 2011-02
By: Lena Dräger (University of Hamburg, Deutchland, and KOF Swiss Economic Institute, ETH Zurich, Switzerland)
URL: http://d.repec.org/n?u=RePEc:kof:wpskof:11-273&r=mac
Keywords: Inflation expectations, inflation perceptions, media reports
JEL: C32
  • Sorting and the Output Loss due to Search Frictions
Date: 2011-01-14
By: Pieter A. Gautier (VU University Amsterdam)
Coen N. Teulings (Netherlands Bureau of Policy Analysis CPB, The Hague, and University of Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20110010&r=mac
Keywords: Sorting; search frictions; wage dispersion; unemployment; mismatch; on-the-job search; output loss; business stealing
JEL: E24
  • Strengthening Chile’s Rule-Based Fiscal Framework
Date: 2011-01-26
By: Teresa Dabán Sánchez
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/17&r=mac
Keywords: Chile , Commodity prices , Copper , Cross country analysis , External shocks , Fiscal policy , OECD ,
  • What are the Effects of Monetary Policy Shocks? Evidence from Dollarized Countries
Date: 2010-10-01
By: Tim Willems (University of Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20100099&r=mac
Keywords: Monetary policy effects; Price puzzle; Structural VARs; Identification; Block exogeneity
JEL: E52
  • Pensions, Debt and Inflation Risk in a Monetary Union
Date: 2010-10-29
By: Yvonne Adema (Erasmus University Rotterdam, and Netspar)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20100109&r=mac
Keywords: spillovers; pensions; debt; inflation
JEL: E31
  • Anticipated Alternative Policy-Rate Paths in Policy Simulations
Date: 2011-01-01
By: Laséen, Stefan (Monetary Policy Department, Central Bank of Sweden)
Svensson, Lars E.O. (Sveriges Riksbank)
URL: http://d.repec.org/n?u=RePEc:hhs:rbnkwp:0248&r=mac
Keywords: Optimal monetary policy; instrument rules; policy rules; optimal policy projections
JEL: E52
  • Do Financial Variables Help Predict Macroeconomic Environment? The Case of the Czech Republic
Date: 2010-12
By: Tomas Havranek
Roman Horvath
Jakub Mateju
URL: http://d.repec.org/n?u=RePEc:cnb:wpaper:2010/06&r=mac
Keywords: Forecasting, macroeconomic and financial linkages, vector autoregressions.
JEL: E44
  • Aggregation in Large Dynamic Panels
Date: 2011-02
By: Pesaran, Hashem (University of Cambridge)
Chudik, Alexander (University of Cambridge)
URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp5478&r=mac
Keywords: aggregation, large dynamic panels, long memory, weak and strong cross section dependence, VAR models, impulse responses, factor models, inflation persistence
JEL: C43
  • Reversing the Financial Accelerator: Credit Conditions and Macro-Financial Linkages
Date: 2011-02-01
By: Reginald Darius
Tamim Bayoumi
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/26&r=mac
Keywords: Asset prices , Business cycles , Capital markets , Credit , Economic models ,
  • The Impact of Monetary Policy on Economic Activity – Evidence from a Meta-Analysis
Date: 2010-04-21
By: Masagus M. Ridhwan (VU University Amsterdam, Bank Indonesia)
Henri L.F. de Groot (VU University Amsterdam)
Peter Nijkamp (VU University Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20100043&r=mac
Keywords: Monetary policy; Economic development; Meta-analysis
JEL: E52
  • Identifying the Weights in Exchange Market Pressure
Date: 2011-02-11
By: Franc Klaassen (University of Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20110020&r=mac
Exchange market pressure (EMP) measures the pressure on a currency
Keywords: currency crisis models; ERM crisis; exchange rate regime; instrumental variables; monetary policy; persistence
JEL: E42
  • The Relationship Between Financial Risk Premia and Macroeconomic Volatility: Issues and Perspectives on the Run-Up to the Turmoil
Date: 2011-02
By: M. Marzo
L. Zhoushi
P. Zagaglia
URL: http://d.repec.org/n?u=RePEc:bol:bodewp:wp732&r=mac
JEL: E43
  • Data Revisions and the Output Gap
Date: 2011-02-15
By: Juan Manuel Julio
URL: http://d.repec.org/n?u=RePEc:col:000094:007956&r=mac
  • Overborrowing, Financial Crises and ‘Macro-prudential’ Policy?
Date: 2011-02-01
By: Javier Bianchi
Enrique G. Mendoza
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/24&r=mac
Keywords: Borrowing , Business cycles , Credit , Economic models , Financial crisis , Global Financial Crisis 2008-2009 ,
  • FROM CONVOY TO PARTING WAYS? POST-CRISIS DIVERGENCE BETWEEN EUROPEAN AND US MACROECONOMIC POLICIES
Date: 2011-02
By: Jean Pisani-Ferry
Adam Posen
URL: http://d.repec.org/n?u=RePEc:bre:wpaper:494&r=mac
  • Food and energy prices, government subsidies and fiscal balances in south Mediterranean countries
Date: 2011-01
By: Albers, Ronald
Peeters, Marga
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:28788&r=mac
Keywords: food prices; energy prices; inflation; public finances; government subsidies
JEL: E62
  • The Cyclicality of Effective Wages within Employer-Employee Matches in a Rigid Labor Market
Date: 2011-02
By: Anger, Silke (DIW Berlin)
URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp5489&r=mac
Keywords: real wage cyclicality, effective wages, unpaid overtime, bonus payments, firm stayers
JEL: E32
  • Recession and Policy Transmission to Latin American Tourism: Does Expanded Travel to Cuba Offset Crisis Spillovers?
Date: 2011-02-08
By: Rafael Romeu
Andrew M. Wolfe
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/32&r=mac
Keywords: Business cycles , Caribbean , Cuba , Demand , Developed countries , Economic models , Economic policy , Economic recession , Latin America , OECD , Spillovers , Tourism , Travel , United States ,
  • The Macroeconomics of the Credit Crisis: In Search of Externalities for Macro-Prudential Supervision
Date: 2010-05-17
By: Frank A.G. den Butter (VU University Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20100052&r=mac
Keywords: credit crisis; externalities; macro-prudential supervision; contagion; fallacy of composition
JEL: E42
  • The Impact of Oil Prices in Turkey on Macroeconomics
Date: 2010-02-18
By: Aktas, Erkan
Özenç, Çiğdem
Arıca, Feyza
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:8658&r=mac
Keywords: Oil prices; VAR; Macroeconomics; Turkey
JEL: C32
  • To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession
Date: 2011-01-24
By: Chad Steinberg
Masato Nakane
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/15&r=mac
Keywords: Business cycles , Economic recession , Employment , Global Financial Crisis 2008-2009 , Japan , Labor markets , Manufacturing sector , Unemployment ,
  • Exchange Rate Policy under Sovereign Default Risk
Date: 2011-02-11
By: Andreas Schabert (TU Dortmund University, and University of Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20110027&r=mac
Keywords: Exchange rate peg; interest rate policy; equilibrium determination; sovereign default; public debt
JEL: E52
  • Estimates of the Sticky-Information Phillips Curve for the USA with the General to Specific Method
Date: 2011-02-12
By: Paradiso, Antonio
Rao, B. Bhaskara
Ventura, Marco
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:28867&r=mac
Keywords: Sticky information Phillips curve; General to specific method; Stickiness parameter
JEL: E3
  • Product Market Regulation, Firm Size, Unemployment and Informality in Developing Economies
Date: 2011-02
By: Charlot, Olivier (University of Cergy-Pontoise)
Malherbet, Franck (University of Rouen)
Terra, Cristina (University of Cergy-Pontoise)
URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp5519&r=mac
Keywords: informality, product and labor market imperfections, firm size
JEL: E24
  • Germany’s Short Time Compensation Program: macroeconom(etr)ic insight
Date: 2011
By: Henner Will (Macroeconomic Policy Institute (IMK) in the Hans Boeckler Foundation)
URL: http://d.repec.org/n?u=RePEc:imk:wpaper:1-2011&r=mac
Keywords: Short Time Compensation, VAR, Paradox, structural change
JEL: E24
  • Structural Transformation in China and India: The Role of Macroeconomic Policies
Date: 2011
By: Codrina Rada and Rudiger von Arnim
URL: http://d.repec.org/n?u=RePEc:uta:papers:2011_05&r=mac
Keywords: Structural change, endogenous productivity, dual economy, China, India JEL Classification: O11, O41, E26
  • Inventory investment and production in Europe: Is there a pattern?
Date: 2011-02
By: Yngve Abrahamsen (KOF Swiss Economic Institute, ETH Zurich, Switzerland)
Jochen Hartwig (KOF Swiss Economic Institute, ETH Zurich, Switzerland)
URL: http://d.repec.org/n?u=RePEc:kof:wpskof:11-271&r=mac
Keywords: Inventory investment, production, business cycle, “Great Recession” in Europe
JEL: E22
  • Macroeconomic Aspects of Italian Pension Reforms of 1990s
Date: 2010-11
By: Tetyana Dubovyk (CeRP-Collegio Carlo Alberto)
URL: http://d.repec.org/n?u=RePEc:crp:wpaper:101&r=mac
  • Historical Oil Shocks
Date: 2011-02
By: James D. Hamilton
URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:16790&r=mac
JEL: E32
  • Identifying the Weights in Exchange Market Pressure
Date: 2011-02-11
By: Franc Klaassen (University of Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20110030&r=mac
Keywords: currency crisis models; ERM crisis; exchange rate regimes; instrumental variables; monetary policy; persistence
JEL: E42
  • Social Security Tax and Endogenous Technical Change in an Economy with an Aging Population
Date: 2011
By: Codrina Rada
URL: http://d.repec.org/n?u=RePEc:uta:papers:2011_04&r=mac
Keywords: Population aging; Social security tax; Endogenous technical change
JEL: E62
  • Capital Controls: Myth and Reality – A Portfolio Balance Approach
Date: 2011-02
By: Nicolas E. Magud
Carmen M. Reinhart
Kenneth S. Rogoff
URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:16805&r=mac
JEL: E44
  • The promise and performance of the Federal Reserve as Lender of Last Resort 1914-1933
Date: 2011-02-15
By: Michael D. Bordo (Rutgers University and NBER)
David C. Wheelock (Federal Reserve Bank of St. Louis)
URL: http://d.repec.org/n?u=RePEc:bno:worpap:2011_01&r=mac
Keywords: Federal Reserve Act, lender of last resort, discount window, banking panics, Great Depression
JEL: E58
  • Linkages between the Financial and the Real Sector of the Economy: A Literature Survey
Date: 2010-12
By: Peter Broer
Jürgen Antony
URL: http://d.repec.org/n?u=RePEc:cpb:docmnt:216&r=mac
JEL: E44
  • China in Africa: A Macroeconomic Perspective – Working Paper 230
Date: 2010-11
By: Benedicte Vibe Christensen
URL: http://d.repec.org/n?u=RePEc:cgd:wpaper:230&r=mac
Keywords: China and Africa, Foreign Direct Investment
  • India’s financial globalisation
Date: 2011-01-07
By: Ila Patnaik
Ajay Shah
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/7&r=mac
Keywords: Capital controls , Capital flows , Economic integration , Exchange rate regimes , External borrowing , Financial sector , Foreign direct investment , Globalization , India , Monetary policy ,
  • Market Timing, Investment, and Risk Management
Date: 2011-02
By: Patrick Bolton
Hui Chen
Neng Wang
URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:16808&r=mac
JEL: E22
  • Human Capital Formation on Skill-Specific Labor Markets
Date: 2011-02
By: Runli Xie
URL: http://d.repec.org/n?u=RePEc:hum:wpaper:sfb649dp2011-011&r=mac
Keywords: skill-specific unemployment, human capital investment, idiosyncratic shock, skill substitution, search and matching
JEL: E24
  • Banking risk and regulation: Does one size fit all?
Date: 2010-12
By: Jeroen Klomp
URL: http://d.repec.org/n?u=RePEc:cpb:discus:164&r=mac
Using data for more than 200 banks from 21 OECD countries for the period 2002 to 2008, we examine the impact of bank regulation and supervision on banking risk.
JEL: E44
  • Pricing, Advertising, and Market Structure with Frictions
Date: 2010-11
By: Pedro Gomis-Porqueras (School of Economics, Australian National University)
Benoit Julien (School of Economics, University of New South Wales)
Chengsi Wang (School of Economics, University of New South Wales)
URL: http://d.repec.org/n?u=RePEc:swe:wpaper:2010-20&r=mac
Keywords: Directed searching; Advertising; Pricing; Market structure
JEL: E52
  • International Risk Sharing in the Short Run and in the Long Run
Date: 2011-02
By: Marianne Baxter
URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:16789&r=mac
JEL: E2
  • Are Panel Unit Root Tests Useful for Real-Time Data?
Date: 2011
By: Gengenbach Christian
Hecq Alain
Urbain Jean-Pierre (METEOR)
URL: http://d.repec.org/n?u=RePEc:dgr:umamet:2011012&r=mac
Keywords: macroeconomics ;
  • Optimal Management with Potential Regime Shifts
Date: 2010-11-04
By: Stephen Polasky (University of Minnesota)
Aart de Zeeuw (Tilburg University)
Florian Wagener (University of Amsterdam)
URL: http://d.repec.org/n?u=RePEc:dgr:uvatin:20100111&r=mac
Keywords: optimal management; growth; renewable resources; regime shift
JEL: E61
  • The optimal rate of inequality: A framework for the relationship between income inequality and economic growth
Date: 2010-08-27
By: Charles-Coll, Jorge A.
URL: http://d.repec.org/n?u=RePEc:pra:mprapa:24733&r=mac
Keywords: Inequality, Growth, Redistribution, Optimal Rate of Inequality
JEL: E25

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