Macroéconomie: working papers (RePEc, 30/03/2012)

Source : NEP (New Economics Papers) | RePEc

  • Monetary Policy Transmission in a Model with Animal Spirits and House Price Booms and Busts
    Date: 2012-01
    By: Bofinger, Peter
    Debes, Sebastian
    Gareis, Johannes
    Mayer, Eric
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8804&r=mac
    Keywords: animal spirits; housing markets; monetary policy
    JEL: D83
  • Sovereign Risk, Fiscal Policy, and Macroeconomic Stability
    Date: 2012-01
    By: Corsetti, Giancarlo
    Kuester, Keith
    Meier, André
    Müller, Gernot
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8779&r=mac
    Keywords: fiscal policy; monetary policy; risk premium; sovereign risk; zero lower bound
    JEL: E32
  • Central-banking challenges for the Riksbank: Monetary policy, financial-stability policy and asset management
    Date: 2012-02
    By: Svensson, Lars E O
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8789&r=mac
    Keywords: central bank asset management; macroprudential policy; monetary policy
    JEL: E42
  • The Role of Central Banks in Financial Stability: How has it changed?
    Date: 2012-01
    By: Buiter, Willem H.
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8780&r=mac
    Keywords: Accountability; Central banks; Financial stability; Non-inflationary loss absorption capacity
    JEL: E41
  • Fiscal Policy in a Financial Crisis: Standard Policy vs. Bank Rescue Measures
    Date: 2012-02
    By: Kollmann, Robert
    Roeger, Werner
    Veld, Jan in’t
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8829&r=mac
    Keywords: financial crisis; fiscal stimulus; real activity; state support for banks
    JEL: E62
  • Fiscal Policy as a Stabilization Tool
    Date: 2012-01
    By: Fatás, Antonio
    Mihov, Ilian
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8749&r=mac
    Keywords: Business Cycles; Fiscal Policy; Stabilization
    JEL: E32
  • Multilateral economic cooperation and the international transmission of fiscal policy
    Date: 2012-01
    By: Corsetti, Giancarlo
    Müller, Gernot
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8748&r=mac
    Keywords: Financial Crisis; Fiscal Policy Coordination; Government spending; Spillover effects
    JEL: E62
  • The ECB and the Interbank Market
    Date: 2012-02
    By: Giannone, Domenico
    Lenza, Michele
    Pill, Huw
    Reichlin, Lucrezia
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8844&r=mac
    Keywords: interbank market; Non-standard monetary policy measures
    JEL: E5
  • A New Comparative Approach to Macroeconomic Modeling and Policy Analysis
    Date: 2012-02
    By: Cwik, Tobias
    Mueller, Gernot
    Schmidt, Sebastian
    Wieland, Volker
    Wolters, Maik H
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8814&r=mac
    Keywords: fiscal policy; Macroeconomic models; model comparison; model uncertainty; monetary policy; policy rules; robustness
    JEL: E52
  • Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies
    Date: 2012
    By: Seedwell Hove
    Albert Touna Mama
    Fulbert Tchana Tchana
    URL: http://d.repec.org/n?u=RePEc:rza:wpaper:273&r=mac
    Keywords: In‡ation targeting, commodity terms of trade shocks, emerging markets, panel VAR.
    JEL: E52
  • Smoothing shocks and balancing budgets in a currency union
    Date: 2012-01
    By: James Costain (Banco de España)
    Beatriz de Blas (Universidad autónoma de Madrid)
    URL: http://d.repec.org/n?u=RePEc:bde:wpaper:1207&r=mac
    Keywords: Fiscal authority, public wages, sovereign debt, monetary union
    JEL: E24
  • Nominal Stability and Financial Globalization
    Date: 2012-02
    By: Devereux, Michael B
    Senay, Ozge
    Sutherland, Alan
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8830&r=mac
    Keywords: Country Portfolios; Financial Globalization; Nominal stability
    JEL: E52
  • Money aggregates and economic activity during the Great Depression and 2007-11
    Date: 2012-03-15
    By: Belliveau, Stefan
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:37371&r=mac
    Keywords: Price level; money supply; monetary policy; monetarism; Great Depression
    JEL: E31
  • Has India emerged? Business cycle stylized facts from a transitioning economy
    Date: 2011-05
    By: Chetan Ghate (Indian Statistical Institute, New Delhi)
    Radhika Pandey (National Institute of Public Finance and Policy)
    Ila Patnaik (National Institute of Public Finance and Policy)
    URL: http://d.repec.org/n?u=RePEc:ind:isipdp:11-05&r=mac
    Keywords: Macroeconomics, Real Business Cycles, Emerging Market DSGE Models, Volatility and Growth
    JEL: E10
  • Stability and policy rules in emerging markets
    Date: 2012-01
    By: Ashima Goyal (Indira Gandhi Institute of Development Research)
    Shruti Tripathi (Indira Gandhi Institute of Development Research)
    URL: http://d.repec.org/n?u=RePEc:ind:igiwpp:2012-004&r=mac
    Keywords: DSGE, emerging economy, rigidities, stability, optimization, Taylor rule
    JEL: E26
  • Foreigh Asset Accumulation and Macroeconomic Policies
    Date: 2012-01-02
    By: Gong, Liutang
    Zou, Heng-fu
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:37431&r=mac
    Keywords: Foreigh Asset Accumulation; Becker’s Time Preference; Macroeconomic Policies
    JEL: E58
  • Why Prices Don’t Respond Sooner to a Prospective Sovereign Debt Crisis
    Date: 2012-03
    By: R. Anton Braun (Federal Reserve Bank of Atlanta (Email: r.anton. braun@gmail.com))
    Tomoyuki Nakajima (Institute of Economic Research, Kyoto University, and the Canon Institute for Global Studies (Email: nakajima@kier.kyoto-u.ac.jp))
    URL: http://d.repec.org/n?u=RePEc:ime:imedps:12-e-02&r=mac
    Keywords: Sovereign Debt Crisis, Deflation, Fiscal Risk, Leverage, Borrowing Constraint
    JEL: E31
  • Identification of Animal Spirits in a Bounded Rationality Model: An Application to the Euro Area
    Date: 2012-03-16
    By: Jang, Tae-Seok
    Sacht, Stephen
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:37399&r=mac
    Keywords: Animal Spirits; Bounded Rationality; Euro Area; New-Keynesian Model; Simulated Method of Moments
    JEL: E12
  • Monetary policy, bank size and bank lending: evidence from Australia(new version)
    Date: 2012-03-19
    By: liu, luke
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:37489&r=mac
    Keywords: monetary policy; transmission mechanism; bank size
    JEL: E42
  • The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking over the Business Cycle
    Date: 2012-02
    By: Acharya, Viral V
    Naqvi, Hassan
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8851&r=mac
    Keywords: bubbles; flight to quality; moral hazard
    JEL: E32
  • Are real entry wages rigid over the business cycle? : Empirical evidence for Germany from 1977 to 2009
    Date: 2012-03-15
    By: Stüber, Heiko (Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany])
    URL: http://d.repec.org/n?u=RePEc:iab:iabdpa:201206&r=mac
    Keywords: Reallohn, Lohntheorie, Lohnelastizität, Konjunkturzyklus, Arbeitslosigkeit, Lohnstarrheit
    JEL: E24
  • Household leverage and fiscal multipliers
    Date: 2012-03
    By: Javier Andrés (Universidad de Valencia)
    José Boscá (Universidad de Valencia)
    Francisco Ferri (Universidad de Valencia)
    URL: http://d.repec.org/n?u=RePEc:bde:wpaper:1215&r=mac
    Keywords: Fiscal multipliers, private leverage, labour market search
    JEL: E24
  • Precautionary hoarding of liquidity and inter-bank markets: Evidence from the sub-prime crisis
    Date: 2012-02
    By: Acharya, Viral V
    Merrouche, Ouarda
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8859&r=mac
    Keywords: cash; contagion; counterparty risk; funding risk; money markets; rollover risk; systemic risk
    JEL: E42
  • Capital Controls with International Reserve Accumulation: Can this Be Optimal?
    Date: 2012-01
    By: Bacchetta, Philippe
    Benhima, Kenza
    Kalantzis, Yannick
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8753&r=mac
    Keywords: Capital controls; International reserves
    JEL: E58
  • On the Implementation of Sound Money
    Date: 2012-02-29
    By: Volodymyr Vysochansky (Uzhhorod University)
    URL: http://d.repec.org/n?u=RePEc:nos:wuwpfi:vysochansky_volodymyr.52267-250212_01&r=mac
    Keywords: money, commodities, exchange traded funds, monetary system regulation
    JEL: E4
  • Bayesian evaluation of DSGE models with financial frictions
    Date: 2012
    By: Michał Brzoza-Brzezina (National Bank of Poland, Warsaw School of Economics)
    Marcin Kolasa (National Bank of Poland, Warsaw School of Economics)
    URL: http://d.repec.org/n?u=RePEc:nbp:nbpmis:109&r=mac
    Keywords: financial frictions, DSGE models, DSGE-VAR, Bayesian analysis
    JEL: E30
  • Price setting with menu cost for multi-product firms
    Date: 2012-02
    By: Alvarez, Fernando E
    Lippi, Francesco
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8863&r=mac
    Keywords: economies of scope in price changes; fixed costs; impulse responses; menu cost; monetary shocks; optimal control in multiple dimensions; quasi-variational inequalities
    JEL: E3
  • Taxing Women: A Macroeconomic Analysis
    Date: 2012-01
    By: Guner, Nezih
    Kaygusuz, Remzi
    Ventura, Gustavo
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8735&r=mac
    Keywords: Labour Force Participation; Taxation; Two-earner Households
    JEL: E62
  • Directed search over the life cycle
    Date: 2012-01
    By: Guido Menzio
    Irina A. Telykova
    Ludo Visschers
    URL: http://d.repec.org/n?u=RePEc:cte:werepe:we1210&r=mac
    Keywords: Directed search, Labor reallocation, Lifecycle
    JEL: E24
  • The Risky Steady-State
    Date: 2012-01
    By: Coeurdacier, Nicolas
    Rey, Hélène
    Winant, Pablo
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8751&r=mac
    Keywords: steady state
    JEL: E10
  • Economic Consequences of Population Aging in Japan: Effects through Changes in Demand Structure
    Date: 2012-03
    By: Mitsuru Katagiri (Economist, Institute for Monetary and Economic Studies, Bank of Japan (E-mail: mitsuru.katagiri@boj.or.jp))
    URL: http://d.repec.org/n?u=RePEc:ime:imedps:12-e-03&r=mac
    Keywords: Population Aging, Matching, Productivity, Deflation
    JEL: E24
  • Claves de la crisis económica española y retos para crecer en la UEM
    Date: 2012-01
    By: Eloísa Ortega (Banco de España)
    Juan Peñalosa (Banco de España)
    URL: http://d.repec.org/n?u=RePEc:bde:opaper:1201&r=mac
    Keywords: Economía española, UEM, crisis económica, competitividad, mercado inmobiliario, endeudamiento
    JEL: E60
  • Extracting non-linear signals from several economic indicators
    Date: 2012-02
    By: Maximo Camacho (Universidad de Murcia)
    Gabriel Perez-Quiros (Banco de España)
    Pilar Poncela (Universidad Autónoma de Madrid)
    URL: http://d.repec.org/n?u=RePEc:bde:wpaper:1202&r=mac
    Keywords: Business cycles, output growth, time series
    JEL: E32
  • A Note on Automatic Stabilizers in Austria: Evidence from ITABENA
    Date: 2012-03
    By: Helmut Hofer
    Tibor Hanappi (Institut für Höhere Studien (IHS) / Department of Economics & Finance)
    Sandra Müllbacher (Institut für Höhere Studien (IHS) / Department of Economics & Finance)
    URL: http://d.repec.org/n?u=RePEc:jku:nrnwps:2012_03&r=mac
    Keywords: automatic stabilization, microsimulation, tax reforms
    JEL: E32
  • The Procyclical Effects of Bank Capital Regulation
    Date: 2012-03
    By: Repullo, Rafael
    Suarez, Javier
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8897&r=mac
    Keywords: Banking regulation; Basel capital requirements; Capital market frictions; Credit rationing; Loan defaults; Relationship banking; Social cost of bank failure
    JEL: E44
  • International Capital Flows with Limited Commitment and Incomplete Markets
    Date: 2012-01
    By: von Hagen, Jürgen
    Zhang, Haiping
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8750&r=mac
    Keywords: financial development; financial frictions; foreign direct investment; international capital flows; limited commitment
    JEL: E44
  • On the optimal supply of liquidity with borrowing constraints
    Date: 2012-03
    By: Lippi, Francesco
    Trachter, Nicholas
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8890&r=mac
    Keywords: Friedman rule; Heterogenous agents; Incomplete markets; Liquidity; Precautionary savings; State dependent policy.
    JEL: E5
  • Panel Data Evidence on the Role of Education in the Growth-Volatility Relationship
    Date: 2012-03
    By: Abbi M Kedir
    Nor Yasmin Mhd Bani
    URL: http://d.repec.org/n?u=RePEc:lec:leecon:12/04&r=mac
    Keywords: Growth; volatility; education; dynamic system (GMM).
    JEL: E32
  • Sizing Up Repo
    Date: 2012-02
    By: Krishnamurthy, Arvind
    Nagel, Stefan
    Orlov, Dmitry
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8795&r=mac
    Keywords: Dealer Banks; Financial Crisis; Repurchase Agreements; Shadow Banking
    JEL: E51
  • Innovation vs imitation and the evolution of productivity distributions
    Date: 2012-02
    By: König, Michael
    Lorenz, Jan
    Zilibotti, Fabrizio
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8843&r=mac
    Keywords: absorptive capacity; growth; innovation; productivity difference; quality ladder; spillovers
    JEL: E10
  • Downward-sloping term structure of lease rates: a puzzle
    Date: 2012-02-29
    By: Seko, Miki
    Sumita, Kazuto
    Yoshida, Jiro
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:37395&r=mac
    Keywords: lease contracts; term structure; cancellation option; hedonic regression; residential real estate; option premium; Japan
    JEL: E43
  • A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises
    Date: 2012-01
    By: Reinhart, Carmen
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8742&r=mac
    Keywords: debt; default; financial crises; financial repression
    JEL: E6
  • Productivity Growth of the Non-Tradable Sectors in China
    Date: 2012-03
    By: Dong He (Hong Kong Monetary Authority and Hong Kong Institute for Monetary Research)
    Wenlang Zhang (Hong Kong Monetary Authority)
    Gaofeng Han (Hong Kong Monetary Authority)
    Tommy Wu (Hong Kong Monetary Authority)
    URL: http://d.repec.org/n?u=RePEc:hkm:wpaper:082012&r=mac
    Keywords: Tradable and Non-Tradable Sectors, Internal Real Exchange Rate, Total Factor Productivity
    JEL: E31
  • A Century of Human Capital and Hours
    Date: 2012-03-21
    By: Diego Restuccia
    Guillaume Vandenbroucke
    URL: http://d.repec.org/n?u=RePEc:tor:tecipa:tecipa-450&r=mac
    Keywords: Schooling, hours of work, productivity, life expectancy, trends, United States
    JEL: E1
  • Ins and Outs of Unemployment in Turkey
    Date: 2012
    By: Gonul Sengul
    URL: http://d.repec.org/n?u=RePEc:tcb:wpaper:1210&r=mac
    Keywords: Unemployment,Worker Flows, Job Finding Rate, Separation Rate
    JEL: E24
  • A Model of Equilibrium Institutions
    Date: 2012-02
    By: Guimarães, Bernardo
    Sheedy, Kevin D.
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8855&r=mac
    Keywords: institutions; political economy; power struggle; property rights; time inconsistency
    JEL: E02

 

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