Macroéconomie: working papers (RePEc, 05/04/2011)

Source : NEP (New Economics Papers) | RePEc

  • Investment and interest rate policy in the open economy
Date: 2011-03
By: Stephen McKnight (El Colegio de México)
URL: http://d.repec.org/n?u=RePEc:emx:ceedoc:2011-02&r=mac
Keywords: real indeterminacy, open economy monetary models, trade openness, interest rate rules
JEL: E32
  • Leaning Against Boom-Bust Cycles in Credit and Housing Prices
Date: 2011
By: Luisa Lambertini
Caterina Mendicino
Maria Tereza Punzi
URL: http://d.repec.org/n?u=RePEc:ptu:wpaper:w201108&r=mac
JEL: E32
  • New perspectives on depreciation shocks as a source of business cycle fluctuations
Date: 2011-03-25
By: Francesco Furlanetto (Norges Bank (Central Bank of Norway))
Martin Seneca (Norges Bank (Central Bank of Norway))
URL: http://d.repec.org/n?u=RePEc:bno:worpap:2011_02&r=mac
Keywords: Keywords: depreciation shocks, investment-specific technology shocks, consumption, nominal rigidities, co-movement.
JEL: E32
  • How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical?
Date: 2011-02
By: Frankel, Jeffrey A. (Harvard University)
URL: http://d.repec.org/n?u=RePEc:ecl:harjfk:rwp11-015&r=mac
  • Unconventional Fiscal Policy at the Zero Bound
Date: 2011
By: Isabel Horta Correia
Emmanuel Farhi
Juan Pablo Nicolini
Pedro Teles
URL: http://d.repec.org/n?u=RePEc:ptu:wpaper:w201103&r=mac
JEL: E31
  • A Century of Inflation Forecasts
Date: 2011-03
By: D’Agostino, Antonello
Surico, Paolo
URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8292&r=mac
Keywords: monetary regimes; Phillips curve; predictability; time-varying models
JEL: E37
  • Uninsured countercyclical risk: an aggregation result and application to optimal monetary policy
Date: 2011
By: R. Anton Braun
Tomoyuki Nakajima
URL: http://d.repec.org/n?u=RePEc:fip:fedawp:2011-04&r=mac
  • Fiscal policy in the EU in the crisis: a model-based approach
Date: 2011-03
By: István P. Székely
Werner Roeger
Jan in ‘t Veld
URL: http://d.repec.org/n?u=RePEc:sec:cnstan:0423&r=mac
Keywords: Fiscal Policy, Monetary Policy, Fiscal Multiplier, Collateral Constraint, DSGE modelling
JEL: E21
  • The low-frequency impact of daily monetary policy shocks
Date: 2011
By: Neville Francis
Eric Ghysels
Michael T. Owyang
URL: http://d.repec.org/n?u=RePEc:fip:fedlwp:2011-009&r=mac
Keywords: Monetary policy ; Econometric models ; Prices
  • How useful are estimated DSGE model forecasts?
Date: 2011
By: Rochelle M. Edge
Refet S. Gurkaynak
URL: http://d.repec.org/n?u=RePEc:fip:fedgfe:2011-11&r=mac
Keywords: Economic forecasting ; Inflation (Finance) ; Econometric models
  • Money Cycles
Date: 2011-01
By: Clausen, Andrew
Strub, Carlo
URL: http://d.repec.org/n?u=RePEc:usg:econwp:2011:02&r=mac
  • Inflation Uncertainty and Relative Price Variability in WAEMU Countries
Date: 2011-03-16
By: Kerstin Gerling
Carlos Fernandez Valdovinos
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/59&r=mac
Keywords: Central banks , Cross country analysis , Economic models , Inflation , Inflation targeting , Monetary policy , Price elasticity , Prices , West Africa , West African Economic and Monetary Union ,
  • Fiscal Policy during Absorption Cycles
Date: 2011-02-23
By: Ferhan Salman
Gabriela Dobrescu
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/41&r=mac
Keywords: Business cycles , Cross country analysis , Developed countries , Economic growth , Economic models , Emerging markets , Fiscal policy , Indirect taxation , Revenue sources , Revenues ,
  • Generalized Taylor and Generalized Calvo price and wage-setting: micro evidence with macro implications
Date: 2011
By: Dixon, H.
Le Bihan, H.
URL: http://d.repec.org/n?u=RePEc:bfr:banfra:324&r=mac
Keywords: Contract length, steady state, hazard rate, Calvo, Taylor, wage-setting, price-setting.
JEL: E31
  • News and policy foresight in a macro-finance model of the US
Date: 2011-03
By: Cristian Badarinza (House of Finance, Goethe University, Frankfurt am Main, Germany.)
Emil Margaritov (House of Finance, Goethe University, Frankfurt am Main, Germany.)
URL: http://d.repec.org/n?u=RePEc:ecb:ecbwps:20111313&r=mac
Keywords: News, Policy Foresight, Term Structure, DSGE Model.
  • The Real Effects of Financial Sector Interventions During Crises
Date: 2011-03-02
By: Luc Laeven
Fabian Valencia
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/45&r=mac
Keywords: Banking crisis , Banking sector , Capital , Central banks , Credit , External shocks , Financial crisis , Financial sector , Liquidity management , Monetary policy ,
  • A Lesson from the South for Fiscal Policy in the US and Other Advanced Countries
Date: 2011-02
By: Frankel, Jeffrey A. (Harvard University)
URL: http://d.repec.org/n?u=RePEc:ecl:harjfk:rwp11-014&r=mac
JEL: E62
  • Input and output inventory dynamics
Date: 2011
By: Yi Wen
URL: http://d.repec.org/n?u=RePEc:fip:fedlwp:2011-008&r=mac
Keywords: Inventories ; Business cycles
  • Effects of Fiscal Consolidation in the Czech Republic
Date: 2011-03-24
By: Vladimir Klyuev
Stephen Snudden
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/65&r=mac
  • Fiscal policy and the labour market: the effects of public sector employment and wages
Date: 2011-02
By: Pedro Gomes
URL: http://d.repec.org/n?u=RePEc:euf:ecopap:0439&r=mac
JEL: E24
  • The Countercyclical Capital Buffer of Basel III: A Critical Assessment
Date: 2011-03
By: Repullo, Rafael
Saurina, Jesús
URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8304&r=mac
Keywords: Bank capital regulation; Basel III; Business cycles; Credit crunch; Pro-cyclicality
JEL: E32
  • THE COUNTERCYCLICAL CAPITAL BUFFER OF BASEL III: A CRITICAL ASSESSMENT
Date: 2011-03
By: Rafael Repullo (CEMFI, Centro de Estudios Monetarios y Financieros)
Jesús Saurina (Banco de España)
URL: http://d.repec.org/n?u=RePEc:cmf:wpaper:wp2011_1102&r=mac
Keywords: Bank capital regulation, Basel III, Pro-cyclicality, Business cycles, Credit crunch.
JEL: E32
  • A Monetary Theory with Non-Degenerate Distributions
Date: 2011-03-24
By: Guido Menzio
Shouyong Shi
Hongfei Sun
URL: http://d.repec.org/n?u=RePEc:tor:tecipa:tecipa-425&r=mac
Keywords: Money; Distribution; Search; Lattice-Theoretic
JEL: E00
  • Price discrimination and business-cycle risk
Date: 2011
By: Marco Cornia
Kristopher S. Gerardi
Adam Hale Shapiro
URL: http://d.repec.org/n?u=RePEc:fip:fedawp:2011-03&r=mac
  • Fiscal Consolidation in a Small Euro Area Economy
Date: 2011
By: Vanda Almeida
Gabriela Lopes de Castro
Ricardo Mourinho Félix
José Ramos Maria
URL: http://d.repec.org/n?u=RePEc:ptu:wpaper:w201105&r=mac
JEL: E62
  • Fiscal Expectations Under the Stability and Growth Pact: Evidence from Survey Data
Date: 2011-03-04
By: Marcos Poplawski-Ribeiro
Jan-Christoph Rulke
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/48&r=mac
Keywords: Budget deficits , Cross country analysis , Economic forecasting , Economic growth , European Economic and Monetary Union , Fiscal policy , Fiscal stability , France , Germany , Italy , United Kingdom ,
  • Capital Injection, Monetary Policy, and Financial Accelerators
Date: 2011-03
By: Naohisa Hirakata (Deputy Director and Economist, Research and Statistics Department, Bank of Japan (E-mail: naohisa.hirakata@boj.or.jp))
Nao Sudo (Deputy Director and Economist, Institute for Monetary and Economic Studies, Bank of Japan (E-mail: nao.sudou@boj.or.jp))
Kozo Ueda (Director and Senior Economist, Institute for Monetary and Economic Studies, Bank of Japan (E-mail: kouzou.ueda boj.or.jp))
URL: http://d.repec.org/n?u=RePEc:ime:imedps:11-e-10&r=mac
Keywords: Financial Accelerators, Spread-adjusted Taylor rule, Capital Injection
JEL: E31
  • Financial Crises and Macro-Prudential Policies
Date: 2011-02
By: Gianluca Benigno
Huigang Chen
Christopher Otrok
Alessandro Rebucci
Eric Young
URL: http://d.repec.org/n?u=RePEc:idb:wpaper:4710&r=mac
Keywords: Capital controls, Crises, Financial frictions, Macro-prudential policies, Bailouts, Overborrowing
JEL: E52
  • The Portuguese Business Cycle: Chronology and Duration Dependence
Date: 2011
By: Vítor Castro (Universidade de Coimbra and NIPE)
URL: http://d.repec.org/n?u=RePEc:nip:nipewp:11/2011&r=mac
Keywords: business cycles; duration dependence; Markov-switching
JEL: E32
  • The possible shapes of recoveries in Markov-switching models
Date: 2011
By: Bec, F.
Bouabdallah, O.
Ferrara, L.
URL: http://d.repec.org/n?u=RePEc:bfr:banfra:321&r=mac
Keywords: Markov-Switching models, bounce-back effects, asymmetric business cycles.
JEL: E32
  • Modeling Inflation in Chad
Date: 2011-03-14
By: Tidiane Kinda
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/57&r=mac
Keywords: Chad , Consumer price indexes , Demand , Demand for money , Economic models , Government expenditures , Inflation ,
  • Equity Sales and Manager Efficiency Across Firms and the Business Cycle
Date: 2011-03
By: Fabio Ghironi (Department of Economics, Boston College, 140 Commonwealth Avenue, Chestnut Hill, MA 02467-3859, U.S.A. (E-mail: Fabio. Ghironi@bc.edu))
Karen K. Lewis (Department of Finance, 2300 SH-DH, Wharton School, University of Pennsylvania, Philadelphia, PA 19104-6367, U.S.A. (E-mail: lewisk@wharton.upenn.edu))
URL: http://d.repec.org/n?u=RePEc:ime:imedps:11-e-07&r=mac
Keywords: Equity Sales, Managerial Efficiency, Firm Size, Business Cycles
JEL: E25
  • BASEL III: Long-term impact on economic performance and fluctuations
Date: 2011
By: Angelini, P.
Clerc, L.
Cúrdia, V.
Gambacorta, L.
Gerali, A.
Locarno, A.
Motto, R.
Roeger, W.
Van den Heuvel, S.
Vlcek, J.
URL: http://d.repec.org/n?u=RePEc:bfr:banfra:323&r=mac
Keywords: Basel III, countercyclical capital buffers, financial (in)stability, procyclicality, macroprudential policy.
JEL: E44
  • New Indicators for Tracking Growth in Real Time
Date: 2011-02-24
By: Troy Matheson
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/43&r=mac
Keywords: Business cycles , Developed countries , Economic growth , Economic indicators , Emerging markets , Forecasting models , Time series ,
  • Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession
Date: 2011-03-24
By: Dimitrios Christelis (University of Salerno and CSEF)
Dimitris Georgarakos (Goethe University Frankfurt and CFS)
Tullio Jappelli (University of Naples Federico II, CSEF and CEPR)
URL: http://d.repec.org/n?u=RePEc:sef:csefwp:279&r=mac
Keywords: Marginal Propensity to Consume; Wealth Shocks; Unemployment
JEL: E21
  • Harnessing windfall revenues: Optimal policies for resource-rich developing economies
Date: 2011
By: Frederick van der Ploeg
Anthony J. Venables
URL: http://d.repec.org/n?u=RePEc:oxf:wpaper:543&r=mac
Keywords: Natural resource, windfall public revenues, risk premium on foreign debt, public infrastructure, private investment, credit constraints, optimal fiscal policy, debt management, Sovereign Wealth Fund, asset holding subsidy, developing economies
JEL: E60
  • Exploring the Steady-State Relationship between Credit and GDP for a Small Open Economy – The Case of Ireland
Date: 2011-03
By: Kelly, Robert (Central Bank of Ireland)
McQuinn, Kieran (Central Bank of Ireland)
Stuart, Rebecca (Central Bank of Ireland)
URL: http://d.repec.org/n?u=RePEc:cbi:wpaper:1/rt/11&r=mac
Keywords: Credit, GDP, Indicator
JEL: E51
  • OPEC´s Oil Exporting Strategy and Macroeconomic (In)Stability
Date: 2011
By: Luís Francisco Aguiar (Universidade do Minho – NIPE)
Yi Wen (Federal Reserve Bank of St. Louis and Tsinghua University)
URL: http://d.repec.org/n?u=RePEc:nip:nipewp:10/2011&r=mac
  • Fiscal shocks, public debt, and long-term interest rate dynamics
Date: 2011-03
By: L. Marattin
P. Paesani
S. Salotti
URL: http://d.repec.org/n?u=RePEc:bol:bodewp:wp740&r=mac
JEL: E6
  • The wage curve: A panel data view of labour market segments
Date: 2010-12
By: Pavel Gertler (National Bank of Slovakia, Research Departmen)
URL: http://d.repec.org/n?u=RePEc:svk:wpaper:1012&r=mac
Keywords: wage curve, panel data, unemployment elasticity of wages, wage flexibility, Slovakia, Phillips curve, microdata
JEL: E
  • Measuring the welfare gain from personal computers: a macroeconomic approach
Date: 2011
By: Karen A. Kopecky
Jeremy Greenwood
URL: http://d.repec.org/n?u=RePEc:fip:fedawp:2011-05&r=mac
  • To switch or not to switch – Can individual lending do better in microfinance than group lending?
Date: 2011-03-07
By: Helke Waelde (Department of Economics, Johannes Gutenberg-Universitaet Mainz, Germany)
URL: http://d.repec.org/n?u=RePEc:jgu:wpaper:1106&r=mac
JEL: E43
  • Creditless Recoveries
Date: 2011-03-15
By: Abdul Abiad
Bin (Grace) Li
Giovanni Dell’Ariccia
URL: http://d.repec.org/n?u=RePEc:imf:imfwpa:11/58&r=mac
Keywords: Bank credit , Banking crisis , Business cycles , Credit expansion , Cross country analysis , Developed countries , Economic growth , Economic recovery , Emerging markets , Financial crisis , Industrial investment , Private sector ,
  • Macro-financial vulnerabilities and future financial stress: assessing systemic risks and predicting systemic events
Date: 2011-03
By: Marco Lo Duca (International Policy Analysis Division, European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany.)
Tuomas A. Peltonen (Financial Stability Surveillance Division, European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany.)
URL: http://d.repec.org/n?u=RePEc:ecb:ecbwps:20111311&r=mac
Keywords: Early warning Indicators, Asset Price Booms and Busts, Financial Stress, Macro-Prudential Policies.
  • The EMU sovereign-debt crisis: Fundamentals, expectations and contagion
Date: 2011-02
By: Michael G. Arghyrou
Alexandros Kontonikas
URL: http://d.repec.org/n?u=RePEc:euf:ecopap:0436&r=mac
JEL: E43
  • The Value Relevance of Sentiment
Date: 2011-03
By: Dunne, Peter (Central Bank of Ireland)
Forker, John (University of Bath, School of Management)
Zholos, Andrey (Queen’s University Management School)
URL: http://d.repec.org/n?u=RePEc:cbi:wpaper:5/rt/11&r=mac
Keywords: Bubbles, fundamental valuation, sentiment, early warning indicators
JEL: E32
  • Estimación de la curva de Phillips para Colombia, periodo mensual 2001 – 2007
Date: 2011-02-27
By: Nelson Eduardo Barreto
Mauricio Caicedo
URL: http://d.repec.org/n?u=RePEc:col:000421:008212&r=mac
  • Creditless Recoveries
Date: 2011-03
By: Abiad, Abdul
Dell’Ariccia, Giovanni
Li, Bin
URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8301&r=mac
Keywords: credit crunch; Credit cycles; financial crises; financial dependence
JEL: E32
  • HOUSE PRICES, CREDIT AND WILLINGNESS TO LEND
Date: 2011-03-23
By: Sarah J. Carrington
Jakob B. Madsen
URL: http://d.repec.org/n?u=RePEc:dkn:econwp:eco_2011_3&r=mac
Keywords: Willingness to lend, Tobin’s q. House prices
JEL: E44
  • Real-Time Nowcasting of GDP: Factor Model versus Professional Forecasters
Date: 2011-03
By: Liebermann, Joelle (Central Bank of Ireland)
URL: http://d.repec.org/n?u=RePEc:cbi:wpaper:3/rt/11&r=mac
Keywords: Real-time data, Nowcasting, Forecasting, Factor model.
JEL: E52
  • Price Points and Price Rigidity
Date: 2010-12
By: Daniel Levy (Department of Economics, Bar Ilan University and RCEA)
Dongwon Lee (Korea University)
Haipeng (Allan) Chen (Texas A&M University)
Robert J. Kauffman (Arizona State University)
Mark Bergen (University of Minnesota)
URL: http://d.repec.org/n?u=RePEc:biu:wpaper:2010-21&r=mac
Keywords: Price Point, 9-Ending Price, Price Rigidity
JEL: E31
  • Política monetaria contracíclica y encaje bancario
Date: 2011-03-22
By: Christian Bustamante
URL: http://d.repec.org/n?u=RePEc:col:000094:008209&r=mac
  • Consumption, Wealth, Stock and Government Bond Returns: International Evidence
Date: 2011
By: António Afonso (European Central Bank, Directorate General Economics)
Ricardo M. Sousa (Universidade do Minho – NIPE)
URL: http://d.repec.org/n?u=RePEc:nip:nipewp:09/2011&r=mac
Keywords: consumption, wealth, stock returns, bond returns.
JEL: E21
  • Shrinking Goods and Sticky Prices: Theory and Evidence
Date: 2011-03
By: Avichai Snir (Bar-Ilan University and Humboldt-Universität zu Berlin)
Daniel Levy (Department of Economics, Bar Ilan University and RCEA)
URL: http://d.repec.org/n?u=RePEc:biu:wpaper:2011-03&r=mac
Keywords: Sticky Prices, Rigid Prices, Cognitive Costs of Attention, Information Processing Cost, Price Adjustment, Quantity
JEL: E31
  • Commodity prices, commodity currencies, and global economic developments
Date: 2011-03
By: Paolo A. Pesenti
Jan J.J. Groen
URL: http://d.repec.org/n?u=RePEc:euf:ecopap:0440&r=mac
JEL: E24
  • Shrinking Goods and Sticky Prices: Theory and Evidence
Date: 2011-03
By: Avichai Snir (Bar-Ilan University; Humboldt-Universität zu Berlin)
Daniel Levy (Bar-Ilan University; Emory University; RCEA)
URL: http://d.repec.org/n?u=RePEc:rim:rimwps:17_11&r=mac
Keywords: Sticky Prices, Rigid Prices, Cognitive Costs of Attention, Information Processing Cost, Price Adjustment, Quantity Adjustment
JEL: E31

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