Macroéconomie: working papers (RePEc, 03/05/2011)

Source : NEP (New Economics Papers) | RePEc

  1. The Cost Channel of Monetary Policy in a Post Keynesian Macrodynamic Model of Inflation and Output Targeting

Date:

2011-04

By:

Gilberto Tadeu Lima (Department of Economics, University of Sao Paulo)
Mark Setterfield (Department of Economics, Trinity College)

URL:

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

Keywords:

Cost channel of monetary policy, incomes policy, inflation targeting, macroeconomic stability

JEL:

E12
  1. Accounting for Japanese Business Cycles: A Quest for Labor Wedges

Date:

2011-04

By:

Keisuke Otsu

URL:

http://d.repec.org/n?u=RePEc:ukc:ukcedp:1106&r=mac

Keywords:

business cycle accounting; japanese labor market

JEL:

E13
  1. The effectiveness of monetary policy in steering money market rates during the recent financial crisis

Date:

2011-04

By:

Puriya Abbassi (Gutenberg-Universität Mainz, Saarstrasse 21, D-55128 Mainz, Germany.)
Tobias Linzert (European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany.)

URL:

http://d.repec.org/n?u=RePEc:ecb:ecbwps:20111328&r=mac

Keywords:

Monetary transmission mechanism, Financial Crisis, Monetary policy implementation, European Central Bank, Money market.
  1. Business cycle dynamics under rational inattention

Date:

2011-04

By:

Bartosz Maćkowiak (CEPR and European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany.)
Mirko Wiederholt (Department of Economics, Northwestern University, 2001 Sheridan Road, Evanston, IL 60208, USA.)

URL:

http://d.repec.org/n?u=RePEc:ecb:ecbwps:20111331&r=mac

Keywords:

information choice, rational inattention, monetary policy, business cycles.
  1. Understanding the macroeconomic effects of working capital in the United Kingdom

Date:

2011-04-18

By:

Fernandez-Corugedo, Emilio (Bank of England)
McMahon, Michael (University of Warwick, and Centre for Economic Performance, LSE)
Millard, Stephen (Bank of England)
Rachel, Lukasz (Bank of England)

URL:

http://d.repec.org/n?u=RePEc:boe:boeewp:0422&r=mac

Keywords:

Working capital; business cycle model; spreads; financial crisis.

JEL:

E20
  1. Is Monetary Policy in New Members States Asymmetric?

Date:

2010-12-01

By:

Borek Vasicek

URL:

http://d.repec.org/n?u=RePEc:wdi:papers:2010-1005&r=mac

Keywords:

monetary policy, inflation targeting, nonlinear Taylor rules, threshold estimation

JEL:

C32
  1. Inflation Targeting in Brazil, Chile and South Africa: An Empirical Investigation of Their Monetary Policy Framework

Date:

2010-11-01

By:

Mona Kamal

URL:

http://d.repec.org/n?u=RePEc:wdi:papers:2010-1004&r=mac

Keywords:

Monetary policy, Vector Auto-regression (VAR), Structural Vector Auto-regression (SVAR) approach, Inflation Targeting Framework.

JEL:

E52
  1. The Quantity Theory revisited: A new structural Approach

Date:

2011-04

By:

Makram El-Shagi
Sebastian Giesen
L. J. Kelly

URL:

http://d.repec.org/n?u=RePEc:iwh:dispap:7-11&r=mac

Keywords:

Divisia money, state space decomposition, sign restrictions

JEL:

E31
  1. A Monetary Theory with Non-Degenerate Distributions

Date:

2011-03

By:

Hongfei Sun (Queen’s University)
Shouyong Shi (University of Toronto)
Guido Menzio (University of Pennsylvania)

URL:

http://d.repec.org/n?u=RePEc:qed:wpaper:1264&r=mac

Keywords:

Money, Distribution, Search, Lattice-Theoretic

JEL:

E00
  1. Household Leverage and the Recession

Date:

2011-04

By:

Thomas Philippon
Virgiliu Midrigan

URL:

http://d.repec.org/n?u=RePEc:nbr:nberwo:16965&r=mac

JEL:

E2
  1. The Evolution of the Monetary Policy Regimes in the U.S.

Date:

2011

By:

Jinho Bae (Department of Economics, Konkuk University, Seoul, South Korea)
Chang-Jin Kim (Department of Economics, Korea University, Seoul, South Korea)
Dong Heon Kim (Department of Economics, Korea University, Seoul, South Korea)

URL:

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

Keywords:

Monetary policy rule; Markov switching; Great Inflation; Real interest rate; Evolution

JEL:

E5
  1. Agent-based macroeconomics – a baseline model

Date:

2011

By:

Lengnick, Matthias

URL:

http://d.repec.org/n?u=RePEc:zbw:cauewp:201104&r=mac

Keywords:

agent-based modeling,complex adaptive systems,microfoundations of macroeconomics

JEL:

B4
  1. The long and large decline in state employment growth volatility

Date:

2011

By:

Gerald Carlino
Robert DeFina
Keith Sill

URL:

http://d.repec.org/n?u=RePEc:fip:fedpwp:11-16&r=mac

Keywords:

Employment ; Business cycles
  1. Does the level of capital openness explain “fear of floating” amongst the inflation targeting countries?

Date:

2011-04-12

By:

Mukherjee, Sanchita

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:30289&r=mac

Keywords:

Macroeconomic Trilemma; Inflation Targeting; Interest Rates; Exchange Rate Policy; Capital Market Openness

JEL:

E58
  1. Macroeconomic Stress Testing and the Resilience of the Indian Banking System: A Focus on Credit Risk

Date:

2011-03-16

By:

Niyogi Sinha Roy, Tanima
Bhattacharya, Basabi

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:30263&r=mac

Keywords:

Banks; Macro Prudential analysis; Stress test

JEL:

E52
  1. Distributional dynamics under smoothly state-dependent pricing

Date:

2011-04

By:

James Costain (Banco de España, Calle Alcalá 48, 28014 Madrid, Spain.)
Anton Nakov (Banco de España and European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany.)

URL:

http://d.repec.org/n?u=RePEc:ecb:ecbwps:20111333&r=mac

Keywords:

Nominal rigidity, state-dependent pricing, menu costs, heterogeneity, Taylor rule.
  1. Expectations of inflation: the biasing effect of thoughts about specific prices

Date:

2011

By:

Wändi Bruine de Bruin
Wilbert van der Klaauw
Giorgio Topa

URL:

http://d.repec.org/n?u=RePEc:fip:fednsr:489&r=mac

Keywords:

Consumer surveys ; Inflation (Finance) ; Prices
  1. SUPPORTING AFRICA’S POST-CRISIS GROWTH: THE ROLE OF MACROECONOMIC POLICIES

Date:

2011-01-01

By:

Zuzana Brixiová
Léonce Ndikumana
Kaouther Abderrahim

URL:

http://d.repec.org/n?u=RePEc:wdi:papers:2010-1008&r=mac

Keywords:

macroeconomic policies, growth, capital flows, Africa

JEL:

E5
  1. Emerging Market Business Cycles Revisited: Learning about the Trend

Date:

2011-04

By:

Emine Boz (IMF)
Christian Daude (OECD)
C. Bora Durdu (FRB)

URL:

http://d.repec.org/n?u=RePEc:koc:wpaper:1110&r=mac

Keywords:

emerging markets, business cycles, learning, Kalman filter

JEL:

F41
  1. Tailwinds and headwinds: how does growth in the BRICs affect inflation in the G7?

Date:

2011-04-15

By:

Lipinska, Anna (Bank of England)
Millard, Stephen (Bank of England)

URL:

http://d.repec.org/n?u=RePEc:boe:boeewp:0420&r=mac
  1. French and American labour markets in response to cyclical shocks between 1986 and 2007: a DSGE approach

Date:

2011

By:

T. LE BARBANCHON (Insee)
B. OURLIAC (Insee)
O. SIMON (Insee)

URL:

http://d.repec.org/n?u=RePEc:crs:wpdeee:g2011-01&r=mac

Keywords:

Labour market, matching model, business fluctuations, DSGE model, resilience

JEL:

E24
  1. SOE PL 2009 – An Estimated Dynamic Stochastic General Equilibrium Model for Policy Analysis And Forecasting

Date:

2011

By:

Grzegorz Grabek (National Bank of Poland, Economic Institute)
Bohdan Klos (National Bank of Poland, Economic Institute)
Grzegorz Koloch (National Bank of Poland, Economic Institute)

URL:

http://d.repec.org/n?u=RePEc:nbp:nbpmis:83&r=mac
  1. Fiscal policy, structural reforms and external imbalances: a quantitative evaluation for Spain

Date:

2011-04

By:

Ángel Gavilán (Banco de España)
Pablo Hernández de Cos (Banco de España)
Juan F. Jimeno (Banco de España)
Juan A. Rojas (Banco de España)

URL:

http://d.repec.org/n?u=RePEc:bde:wpaper:1107&r=mac

Keywords:

overlapping generations, imperfect competition, fiscal consolidation, demographic change, structural reforms

JEL:

E62
  1. Japan’s Labor Market Cyclicality and the Volatility Puzzle

Date:

2011-04

By:

Julen ESTEBAN-PRETEL
NAKAJIMA Ryo
TANAKA Ryuichi

URL:

http://d.repec.org/n?u=RePEc:eti:dpaper:11040&r=mac
  1. Modeling transition in Central Asia: the Case of Kazakhstan

Date:

2010-10-01

By:

Gilles DUFRENOT
Adelya OSPANOVA
Alain SAND-ZANTMAN

URL:

http://d.repec.org/n?u=RePEc:wdi:papers:2010-1001&r=mac

Keywords:

Simulation, Forecasting, Transition, Stabilization, Central Asian

JEL:

E17
  1. Fiscal data revisions in Europe

Date:

2011-04

By:

Francisco de Castro (Banco de España)
Javier J. Pérez (Banco de España)
Marta Rodríguez Vives (European Central Bank)

URL:

http://d.repec.org/n?u=RePEc:bde:wpaper:1106&r=mac

Keywords:

data revisions, real-time data, news and noise, fiscal statistics, rationality

JEL:

E01
  1. Money Market Integration and Sovereign CDS Spreads Dynamics in the New EU States

Date:

2010-10-01

By:

Peter Chobanov
Amine Lahiani
Nikolay Nenovsky

URL:

http://d.repec.org/n?u=RePEc:wdi:papers:2010-1002&r=mac

Keywords:

money markets, sovereign CDS spreads, EU enlargement, monetary regimes, financial crisis

JEL:

E43
  1. What does ex-post evidence tell us about the output effects of future tax reforms?

Date:

2011

By:

Kneller, Richard
Misch, Florian

URL:

http://d.repec.org/n?u=RePEc:zbw:zewdip:11029&r=mac

Keywords:

Tax Reforms,Tax Policy,Aggregate Growth,Tax Multipliers,Fiscal Policy

JEL:

E62
  1. Beyond the DSGE Straitjacket

Date:

2011-04

By:

Pesaran, Hashem (University of Cambridge)
Smith, Ron P. (Birkbeck College, University of London)

URL:

http://d.repec.org/n?u=RePEc:iza:izadps:dp5661&r=mac

Keywords:

macroeconometric models, DSGE, VARs, long run theory

JEL:

C1
  1. Forecasting U.S. Macroeconomic and Financial Time Series with Noncausal and Causal AR Models: A Comparison

Date:

2011-04-05

By:

Lanne, Markku
Nyberg, Henri
Saarinen, Erkka

URL:

http://d.repec.org/n?u=RePEc:pra:mprapa:30254&r=mac

Keywords:

Noncausal autoregression; forecast comparison; macroeconomic variables; financial variables

JEL:

C53
  1. How did the crisis in international funding markets affect bank lending? Balance sheet evidence from the United Kingdom

Date:

2011-04-18

By:

Aiyar, Shekhar (Bank of England)

URL:

http://d.repec.org/n?u=RePEc:boe:boeewp:0424&r=mac

Keywords:

Liquidity shock; transmission mechanism; bank lending; instrumental variables.

JEL:

E30
  1. Finance and Employment

Date:

2011-04-08

By:

Marco Pagano (Università di Napoli Federico II, CSEF, EIEF and CEPR)
Giovanni Pica (Università di Salerno and CSEF)

URL:

http://d.repec.org/n?u=RePEc:sef:csefwp:283&r=mac

Keywords:

financial development, employment, investment, access to finance

JEL:

E24
  1. Debt Portfolios

Date:

2011-04

By:

Hintermaier, Thomas (University of Bonn)
Koeniger, Winfried (Queen Mary, University of London)

URL:

http://d.repec.org/n?u=RePEc:iza:izadps:dp5653&r=mac

Keywords:

household debt portfolios, housing, collateral, bankruptcy, commitment, income risk

JEL:

E21
  1. From the financial crisis to the economic crisis The impact of the financial trouble of 2007-2008 on the growth of seven advanced countries

Date:

2011

By:

J.-C. BRICONGNE (Banque de France et Université Paris I)
J.-M. FOURNIER (Crest-Insee)
V. LAPÈGUE (Insee)
O. MONSO (Insee)

URL:

http://d.repec.org/n?u=RePEc:crs:wpdeee:g2011-05&r=mac

Keywords:

financial crisis, simulation, macroeconometric model, macro-financial linkages

JEL:

E17
  1. On the Relationship Between Mobility, Population Growth, and Capital Spending in the United States

Date:

2011-04

By:

Marco Bassetto
Leslie McGranahan

URL:

http://d.repec.org/n?u=RePEc:nbr:nberwo:16970&r=mac

JEL:

E62
  1. Public Investment and Fiscal Performance in New EU Member States

Date:

2010-12-01

By:

Jan Hanousek
Evzen Kocenda

URL:

http://d.repec.org/n?u=RePEc:wdi:papers:2010-1006&r=mac

Keywords:

public finance, public investment, economic freedom, corruption, EU convergence and integration, macroeconomic policy, fiscal reforms, new EU members

JEL:

E61
  1. Measuring globalization: A hierarchical network approach

Date:

2011-04

By:

David Matesanz Gomez
Guillermo J. Ortega
Benno Torgler

URL:

http://d.repec.org/n?u=RePEc:cra:wpaper:2011-11&r=mac

Keywords:

Globalization; regionalism; correlation matrix; clustering; synchronization

JEL:

E32
  1. Recommendations of the Stiglitz-Sen-Fitoussi Report: A few illustrations

Date:

2011

By:

M. CLERC (Insee)
M. GAINI (Insee)
D. BLANCHET (Insee)

URL:

http://d.repec.org/n?u=RePEc:crs:wpdeee:g2011-07&r=mac

Keywords:

Stiglitz-Sen-Fitoussi report, measurement of well-being, international comparison, quality of life, sustainable development, economic growth

JEL:

E01
  1. Découplage de modèle économique lent/rapide

Date:

2011-04-16

By:

Aurélien Hazan (SAMM – Statistique, Analyse et Modélisation Multidisciplinaire (SAmos-Marin Mersenne) – Université Panthéon-Sorbonne – Paris I)

URL:

http://d.repec.org/n?u=RePEc:hal:wpaper:hal-00586613&r=mac

Keywords:

macroéconomie ; épargne ; Solow ; Ramsey ; découplage ; slow/fast ; multiéchelle ; filtrage
  1. A Call for Comparative Research: Consequences of a Rising Income Inequality for State Activities

Date:

2011-04

By:

Neubäumer, Renate (University of Koblenz-Landau)

URL:

http://d.repec.org/n?u=RePEc:iza:izadps:dp5651&r=mac

Keywords:

economic policy, income inequality, macroeconomic key figures, state activities

JEL:

E6
  1. House purchase versus rental in Spain

Date:

2011-04

By:

Eva Ortega (Banco de España)
Margarita Rubio (Banco de España)
Carlos Thomas (Banco de España)

URL:

http://d.repec.org/n?u=RePEc:bde:wpaper:1108&r=mac

Keywords:

Rental market share, subsidy to house purchases, subsidy to rents, rental market efficiency

JEL:

E21
  1. Hidden Consequences of a First-Born Boy for Mothers

Date:

2011-04

By:

Ichino, Andrea (University of Bologna)
Lindström, Elly-Ann (IFAU)
Viviano, Eliana (Bank of Italy)

URL:

http://d.repec.org/n?u=RePEc:iza:izadps:dp5649&r=mac

Keywords:

preference for sons, female labour supply, mothers’ behaviour

JEL:

E24

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