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Discussion Papers

From Centre for Macroeconomics (CFM)
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1909: Unemployment Dynamics and Endogenous Unemployment Insurance Extensions Downloads
W. Similan Rujiwattanapong
1908: Distressed Banks, Distorted Decisions? Downloads
Gareth Anderson, Rebecca Riley and Garry Young
1907: Market Power and Innovation in the Intangible Economy Downloads
Maarten De Ridder
1906: GDP is a measure of output, not welfare. Or, HOS meets the SNA Downloads
Nicholas Outlon
1905: Firms' Price, Cost and Activity Expectations: Evidence from Micro Data Downloads
Lena Boneva, James Cloyne, Martin Weale and Tomasz Wieladek
1904: Self-Fulfilling Debt Crises, Fiscal Policy and Investment Downloads
Carlo Galli
1903: Tax Evasion as Contingent Debt Downloads
Christos Kotsogiannis and Xavier Mateos-Planas
1902: The Monetary and Fiscal History of Brazil, 1960-2016 Downloads
Joao Ayres, Marcio Garcia, Diogo Guillen and Patrick Kehoe
1901: Private Information and Client Connections in Government Bond Markets Downloads
Péter Kondor and Gabor Pinter
1832: Employment and the Collateral Channel of Monetary Policy Downloads
Saleem Bahaj, Angus Foulis, Gabor Pinter and Paolo Surico
1831: Double Deflation: theory and practice Downloads
Nicholas Oulton, Ana Rincon-Aznar, Lea Samek and Sylaja Srinivasan
1830: Quantitative Easing Downloads
Wei Cui and Vincent Sterk
1829: The Missing Link: Monetary policy and the labor share Downloads
Cristiano Cantore, Filippo Ferroni and Miguel Leon-Ledesma
1828: Unemployment Insurance and Labour Productivity over the Business Cycle Downloads
Similan Rujiwattanapong
1827: Monopsony in the UK Downloads
Will Abel, Silvana Tenreyro and Gregory Thwaites
1826: Agnostic Structural Disturbances (ASDs): Detecting and Reducing Misspecification in Empirical Macroeconomic Models Downloads
Wouter Den Haan and Thomas Drechsel
1825: Bayesian Estimation of DSGE Models: identification using a diagnostic indicator Downloads
Jagjit Chadha and Katsuyuki Shibayama
1824: Uncertain Kingdom: Nowcasting GDP and its Revisions Downloads
Nikoleta Anesti, Ana Galvão and Silvia Miranda-Agrippino
1823: When Creativity Strikes: News Shocks and Business Cycle Fluctuations Downloads
Silvia Miranda-Agrippino, Sinem Hacioglu Hoke and Kristina Bluwstein
1822: State Dependence in Labor Market Fluctuations: Evidence, Theory, and Policy Implications Downloads
Carlo Pizzinelli, Konstantinos Theodoridis and Francesco Zanetti
1821: Of Gold and Paper Money Downloads
Jagjit Chadha
1820: Consumption Response to Aggregate Shocks and the Role of Leverage Downloads
Agnes Kovacs, May Rostom and Philip Bunn
1819: Transmission of Monetary Policy with Heterogeneity in Household Portfolios Downloads
Ralph Luetticke
1818: Fiscal Stimulus with Learning-By-Doing Downloads
Antonello d’Alessandro, Giulio Fella and Leonardo Melosi
1817: Nonlinear household earnings dynamics, self-insurance, and welfare Downloads
Mariacristina De Nardi, Giulio Fella and Gonzalo Paz-Pardo
1816: Central Bank Swap Lines Downloads
Saleem Bahaj and Ricardo Reis
1815: Optimal Inflation and the Identification of the Phillips Curve Downloads
Michael McLeay and Silvana Tenreyro
1814: Economic Integration and Bilateral FDI stocks: the impacts of NAFTA and the EU Downloads
Ray Barrell and Abdulkader Nahhas
1813: Lending Relationships and the Collateral Channel Downloads
Gareth Anderson, Saleem Bahaj, Matthieu Chavaz, Angus Foulis and Gabor Pinter
1812: Macroeconomic Shocks and Risk Premia Downloads
Gabor Pinter
1811: China’s Mobility Barriers and Employment Allocations Downloads
L. Rachel Ngai, Christopher Pissarides and Jin Wang
1810: Central Banks Going Long Downloads
Ricardo Reis
1809: The UK (and Western) Productivity Puzzle: Does Arthur Lewis Hold the Key? Downloads
Nicholas Oulton
1808: Bayesian Vector Autoregressions Downloads
Silvia Miranda-Agrippino and Giovanni Ricco
1807: Beauty Contests and the Term Structure Downloads
Martin Ellison and Andreas Tischbirek
1806: Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-off Downloads
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
1805: One Money, Many Markets Downloads
Giancarlo Corsetti, Joao Duarte and Samuel Mann
1804: Social Subsidies and Marketization: the role of gender and skill Downloads
Robert Duval-Hernandez, Lei Fang and L. Rachel Ngai
1803: Markets and Markups: A New Empirical Framework and Evidence on Exporters from China Downloads
Giancarlo Corsetti, Meredith Crowley, Lu Han and Huasheng Song
1802: GDP and the System of National Accounts: Past, Present and Future Downloads
Nicholas Oulton
1801: Time-Consistently Undominated Policies Downloads
Charles Brendon and Martin Ellison
1738: The Economic Consequences of the Brexit Vote Downloads
Benjamin Born, Gernot Müller, Moritz Schularick and Petr Sedlacek
1737: The Nature of Firm Growth Downloads
Benjamin Pugsley, Petr Sedlacek and Vincent Sterk
1736: The Importance of Hiring Frictions in Business Cycles Downloads
Renato Faccini and Eran Yashiv
1735: Productivity and Misallocation in General Equilibrium Downloads
David Baqaee and Emmanuel Farhi
1734: The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten’s Theorem Downloads
David Baqaee and Emmanuel Farhi
1733: The Human Capital Stock: A Generalized Approach Comment Downloads
Francesco Caselli and Antonio Ciccone
1732: Friedman’s Presidential Address in the Evolution of Macroeconomic Thought Downloads
N. Gregory Mankiw and Ricardo Reis
1731: The Fiscal Theory of the Price Level in a World of Low Interest Rates Downloads
Marco Bassetto and Wei Cui
1730: The Effect of News Shocks and Monetary Policy Downloads
Luca Gambetti, Dimitris Korobilis, John Tsoukalas and Francesco Zanetti
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