Macroéconomie: working papers (RePEc, 20/04/2011)

Source : NEP (New Economics Papers) | RePEc

  1. Fiscal policy, pricing frictions and monetary accommodation

Date:

2011-03

By:

Fabio Canova
Evi Pappa

URL:

http://d.repec.org/n?u=RePEc:upf:upfgen:1268&r=mac

Keywords:

Government consumption expenditure shocks; pricing frictions; monetary policy accommodation; debt and inflation dynamics

JEL:

C32
  1. What lies beneath? A time-varying FAVAR model for the UK transmission mechanism

Date:

2011-04

By:

Haroon Mumtaz (Centre for Central Banking Studies, Bank of England.)
Pawel Zabczyk (Bank of England and European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany.)
Colin Ellis (University of Birmingham and BVCA.)

URL:

http://d.repec.org/n?u=RePEc:ecb:ecbwps:20111320&r=mac

Keywords:

Transmission mechanism, monetary policy, Factor Augmented VAR, timevarying coefficients, sign restrictions.
  1. Policy Rule Coefficients Driven by Latent Factors: Monetary and Fiscal Policy Interactions in an Endowment Economy

Date:

2011-03-30

By:

Gonzalez-Astudillo, Manuel

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:29976&r=mac

Keywords:

Time-varying policy rules, Monetary and fiscal policy interactions, Nonlinear state-space models.

JEL:

C32
  1. Monetary Union Stability: The Economics of the Phillips Curve: Formation of Inflation Expectations versus Incorporation of Inflation Expectations

Date:

2011

By:

Thomas I. Palley (New America Foundation, Washington DC)

URL:

http://d.repec.org/n?u=RePEc:imk:wpaper:4-2011&r=mac

Keywords:

Phillips curve, formation of inflation expectations, incorporation of inflation expectations, backward bending Phillips curve.

JEL:

E00
  1. Fiscal disciplining effect of central bank opacity: Stackelberg versus Nash equilibrium

Date:

2011

By:

Dai, Meixing
Sidiropoulos, Moïse

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:29843&r=mac

Keywords:

Distortionary taxes; output distortions; central bank transparency (opacity); fiscal disciplining effect.

JEL:

E62
  1. Imperfect information, real-time data and monetary policy in the euro area

Date:

2011-03

By:

Stefano Neri (Bank of Italy)
Tiziano Ropele (Bank of Italy)

URL:

http://d.repec.org/n?u=RePEc:bdi:wptemi:td_802_11&r=mac

Keywords:

monetary policy, imperfect information, real-time data

JEL:

E47
  1. Monetary and macroprudential policies

Date:

2011-03

By:

Paolo Angelini (Banca d’Italia)
Stefano Neri (Banca d’Italia)
Fabio Panetta (Banca d’Italia)

URL:

http://d.repec.org/n?u=RePEc:bdi:wptemi:td_801_11&r=mac

Keywords:

macroprudential policy, monetary policy, capital requirements

JEL:

E44
  1. A note on expectational stability under non-zero trend inflation

Date:

2011-04

By:

Teruyoshi Kobayashi (Graduate School of Economics, Kobe University)
Ichiro Muto (Bank of Japan)

URL:

http://d.repec.org/n?u=RePEc:koe:wpaper:1102&r=mac

Keywords:

Adaptive learning, E-stability, Taylor rule, trend inflation

JEL:

D84
  1. Iceland’s Economic and Financial Crisis: Causes, Consequences and Implications

Date:

2010-02-23

By:

Spruk, Rok

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:29972&r=mac

Keywords:

Iceland; Financial Crisis; Financial Macroeconomics; International Finance; Monetary Policy; Currency Crisis

JEL:

E62
  1. Fixing Canada’s CPI: A Simple and Sensible Policy Change for Minister Flaherty

Date:

2011-03

By:

Christopher Ragan (McGill University)

URL:

http://d.repec.org/n?u=RePEc:cdh:ebrief:111&r=mac

Keywords:

Monetary Policy, Consumer Price Index (CPI), Statistics Canada, inflation rate

JEL:

E31
  1. The efficiency wages Phillips curve: closed economy versus open economy

Date:

2011-04

By:

Andrea Vaona (Department of Economics (University of Verona))

URL:

http://d.repec.org/n?u=RePEc:ver:wpaper:06/2011&r=mac

Keywords:

efficiency wages, money growth, Phillips curve, inflation

JEL:

E3
  1. Can Fiscal Policy Stimulus Boost Economic Recovery?

Date:

2011

By:

Agnello, L.
Sousa, R.

URL:

http://d.repec.org/n?u=RePEc:bfr:banfra:325&r=mac

Keywords:

Fiscal policy, asset prices, panel VAR.

JEL:

E62
  1. The new rules of the Stability and Growth Pact. Threats from heterogeneity and interdependence

Date:

2011

By:

Roberto Tamborini

URL:

http://d.repec.org/n?u=RePEc:trn:utwpde:1104&r=mac

Keywords:

Stability and Growth Pact, Public debt management

JEL:

E6
  1. Mediterranean business cycles: structure and characteristics

Date:

2011-02

By:

Fabio Canova
Alain Schlaepfer

URL:

http://d.repec.org/n?u=RePEc:upf:upfgen:1267&r=mac

Keywords:

Turning point dates, Reference cycle, Euro Mediterranean partnership, Trade interdependences

JEL:

E32
  1. Ordering Policy Rules with an Unconditional Welfare Measure

Date:

2011-03

By:

Tatjana Damjanovic
Vladislav Damjanovic
Charles Nolan

URL:

http://d.repec.org/n?u=RePEc:san:cdmawp:1104&r=mac

Keywords:

Linear-quadratic approximation; unconditional expectations; optimal monetary policy; ranking simple policy rules.

JEL:

E20
  1. Bank-characteristics, lending channel and monetary policy in Malaysia: evidence from bank-level data

Date:

2010-09-01

By:

Abdul Majid, Muhamed Zulkhibri

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:30052&r=mac

Keywords:

Banking Lending; Credit Channels; Monetary Policy; Malaysia

JEL:

E58
  1. Forecasting macroeconomic variables using disaggregate survey data

Date:

2011-04-11

By:

Kjetil Martinsen (Norges Bank (Central Bank of Norway))
Francesco Ravazzolo (Norges Bank (Central Bank of Norway))
Fredrik Wulfsberg (Norges Bank (Central Bank of Norway))

URL:

http://d.repec.org/n?u=RePEc:bno:worpap:2011_04&r=mac

Keywords:

Keywords: Factor models; macroeconomic forecasting; qualitative survey data.

JEL:

C53
  1. The ECB’s New Multi-Country Model for the euro area: NMCM – simulated with rational expectations

Date:

2011-04

By:

Alistair Dieppe (European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany.)
Alberto González Pandiella (European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany.)
Alpo Willman (European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany.)

URL:

http://d.repec.org/n?u=RePEc:ecb:ecbwps:20111315&r=mac

Keywords:

Macro model, Open-economy macroeconomics, Rational expectations.
  1. Macroeconomic determinants of bad loans: evidence from Italian banks

Date:

2011-03

By:

Marcello Bofondi (Banca d’Italia)
Tiziano Ropele (Banca d’Italia)

URL:

http://d.repec.org/n?u=RePEc:bdi:opques:qef_89_11&r=mac

Keywords:

bad loans, macroeconomic determinants, Italian banking system

JEL:

G21
  1. Macro-financial vulnerabilities and future financial stress – Assessing systemic risks and predicting systemic events

Date:

2011-04-05

By:

Lo Duca, Marco (BOFIT)
Peltonen, Tuomas (BOFIT)

URL:

http://d.repec.org/n?u=RePEc:hhs:bofitp:2011_002&r=mac

Keywords:

early warning indicators; asset price booms and busts; financial stress; macro-prudential policies

JEL:

E44
  1. European countries with a diagnosis of financial default: expectancy and fear of its announcement in Ukraine

Date:

2011-03-30

By:

Konchyn, Vadym

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:30157&r=mac

Keywords:

Key words: total external debt of country, governmental external debt, external debt of monetary authority, private external debt, international investment position, balance of payments, foreign exchange reserves, financial default, toxic assets, PIGS-countries, restrictive fiscal policy, restructuring of external debt.

JEL:

E62
  1. Trade, Exchange Rate Regimes and Output Co-Movement: Evidence from the Great Depression

Date:

2011-04

By:

Gabriel P. Mathy
Christopher M. Meissner

URL:

http://d.repec.org/n?u=RePEc:nbr:nberwo:16925&r=mac

JEL:

E32
  1. Household Debt and Labor Market Fluctuations

Date:

2011-04

By:

Javier Andrés (University of Valencia, Spain)
José Emilio Boscá (University of Valencia, Spain)
Javier Ferri (University of Valencia, Spain)

URL:

http://d.repec.org/n?u=RePEc:iei:wpaper:1102&r=mac

Keywords:

business cycle, labor market, borrowing restrictions

JEL:

E24
  1. Lessons from the financial crisis: Funded pension funds should invest conservatively

Date:

2011

By:

Du Caicai
Muysken Joan
Sleijpen Olaf (METEOR)

URL:

http://d.repec.org/n?u=RePEc:dgr:umamet:2011020&r=mac

Keywords:

macroeconomics ;
  1. « It’s Time to Rein In the Fed »

Date:

2011-04

By:

Scott Fullwiler
L. Randall Wray

URL:

http://d.repec.org/n?u=RePEc:lev:levppb:ppb_117&r=mac
  1. Impact of Interest Rates on Islamic and Conventional Banks: The Case of Turkey

Date:

2011-01

By:

Etem Hakan, Ergeç
Bengül Gülümser, Arslan

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:29848&r=mac

Keywords:

Interest-free banking; monetary policy

JEL:

E52
  1. The ECB’s New Multi-Country Model for the euro area: NMCM – with boundedly rational learning expectations

Date:

2011-04

By:

Alistair Dieppe (European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany.)
Alberto González Pandiella (European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany.)
Stephen Hall (National Institute of Economic and Social Research and University of Leicester.)
Alpo Willman (European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany.)

URL:

http://d.repec.org/n?u=RePEc:ecb:ecbwps:20111316&r=mac

Keywords:

Expectation, bounded rationality, learning, imperfect information, heterogeneity, macro modelling, open-economy macroeconomics.
  1. Perspectives on Fulfilling the Nominal and Real Convergence Criteria by Romania for the Adoption of Euro Currency

Date:

2011-04-01

By:

Geza, Paula
Giurca Vasilescu, Laura

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:30011&r=mac

Keywords:

Real convergence criteria; Nominal convergence criteria; Euro adoption; Romania

JEL:

E42
  1. South Sudan Referundum: A Macroeconomic Analysis of Post-Secession Scenario

Date:

2010-10-27

By:

Onour, Ibrahim

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:29897&r=mac

Keywords:

parallel rate; official rate; Stability; Steady-state

JEL:

E0
  1. Testable Implications of Affine Term Structure Models

Date:

2011-04

By:

James D. Hamilton
Jing Cynthia Wu

URL:

http://d.repec.org/n?u=RePEc:nbr:nberwo:16931&r=mac

JEL:

E43
  1. Labour Market Institutions and Unemployment: Does Finance Matter?

Date:

2011-03

By:

Rault, Christophe (University of Orléans)
Vaubourg, Anne-Gaël (University of Orléans)

URL:

http://d.repec.org/n?u=RePEc:iza:izadps:dp5606&r=mac

Keywords:

unemployment, labour market, financial factors, institutional interactions, panel VAR

JEL:

E24
  1. Trust in public institutions over the business cycle

Date:

2011

By:

Betsey Stevenson
Justin Wolfers

URL:

http://d.repec.org/n?u=RePEc:fip:fedfwp:2011-11&r=mac
  1. Welfare improving taxation on saving in a growth model

Date:

2011-03

By:

Long Xin
Pelloni Alessandra

URL:

http://d.repec.org/n?u=RePEc:ter:wpaper:0071&r=mac

Keywords:

Capital income taxes, R&D, growth effect, welfare Effect

JEL:

E62
  1. Financial Development in Emerging Markets: The Indian Experience

Date:

2011-04-08

By:

Krishnan, K.P. (Asian Development Bank Institute)

URL:

http://d.repec.org/n?u=RePEc:ris:adbiwp:0276&r=mac

Keywords:

financial development; india financial development; india financial sector; india financial markets; emerging market economies; india economic growth

JEL:

E44
  1. Macroeconomic Effects of the Stock Management for Irrigation and Drainage Facilities in Japan: Application of Recursive- Dynamic CGE model

Date:

2011-01-01

By:

Kunimitsu, Yoji

URL:

http://d.repec.org/n?u=RePEc:ags:saea11:98132&r=mac

Keywords:

Computable General Equilibrium Model, Recursive dynamic model, Consumersâ surplus, Cost-benefit ratio, Agricultural and Food Policy, Community/Rural/Urban Development, Demand and Price Analysis, Production Economics, Public Economics, H30, Q12, Q14, Q18,
  1. The Ryan Medicare Plan: Winners and Losers

Date:

2011-04

By:

Dean Baker
David Rosnick

URL:

http://d.repec.org/n?u=RePEc:epo:papers:2011-08&r=mac

Keywords:

Medicare, Ryan budget

JEL:

E
  1. International Trade and Net Investment: Theory and Evidence

Date:

2011-04

By:

Lucas Bretschger (ETH Zurich, Switzerland)
Simone Valente (ETH Zurich, Switzerland)

URL:

http://d.repec.org/n?u=RePEc:eth:wpswif:11-144&r=mac

Keywords:

International Trade, Natural Resources, Net Investment, Sustainability, Technological Progress

JEL:

E22
  1. Scrap the lot and start again

Date:

2011-03-11

By:

Kakarot-Handtke, Egmont

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:29812&r=mac

Keywords:

Axiomatization; Keynesianism

JEL:

E12
  1. The Wage and Employment Impact of Minimum-Wage Laws in Three Cities

Date:

2011-03

By:

John Schmitt
David Rosnick

URL:

http://d.repec.org/n?u=RePEc:epo:papers:2011-07&r=mac

Keywords:

minimum wage, employment

JEL:

E
  1. Contingent capital to strengthen the private safety net for financial institutions: Cocos to the rescue?

Date:

2011

By:

von Furstenberg, George M.

URL:

http://d.repec.org/n?u=RePEc:zbw:bubdp2:201101&r=mac

Keywords:

financial reforms,regulatory insolvency,contingent capital,bank regulations,cocos

JEL:

E44
  1. Can Economic Crises Be Good for Your Diet?

Date:

2011-03

By:

Dimova, Ralitza (University of Manchester)
Gang, Ira N. (Rutgers University)
Gbakou, Monnet Benoit Patrick (University of Hohenheim)
Hoffman, Daniel (Rutgers University)

URL:

http://d.repec.org/n?u=RePEc:iza:izadps:dp5610&r=mac

Keywords:

crisis, diet, fluctuation, health, nutrition

JEL:

E32
  1. An Empirical Analysis of Current Account Determinants in Emerging Asian Economies

Date:

2011-04

By:

Yang, Lucun (Cardiff Business School)

URL:

http://d.repec.org/n?u=RePEc:cdf:wpaper:2011/10&r=mac

Keywords:

Current account; Emerging Asia; Structural and macroeconomic determinants; Saving-investment balance; Cointegration

JEL:

E21

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