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Discussion Papers

From Centre for Macroeconomics (CFM)
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2323: European Business Cycles and Economic Growth, 1300-2000 Downloads
Stephen Broadberry and Jason Lennard
2322: Bubble Economics Downloads
Tomohiro Hirano and Alexis Akira Toda
2321: Bonus Question: Does Flexible Incentive Pay Dampen Unemployment Dynamics? Downloads
Meghana Gaur, John Grigsby, Jonathon Hazell and Abdoulaye Ndiaye
2320: Interest Rate Surprises: A Tale of Two Shocks Downloads
Ricardo Nunes, Ali Ozdagli and Jenny Tang
2319: The Heterogeneous Effects of Carbon Pricing: Macro and Micro Evidence Downloads
Brendan Berthold, Ambrogio Cesa-Bianchi, Federico Di Pace and Alex Haberis
2318: House Price Expectations and Inflation Expectations: Evidence from Survey Data Downloads
Vedanta Dhamija, Ricardo Nunes and Roshni Tara
2317: To Own or to Rent? The Effects of Transaction Taxes on Housing Markets Downloads
Lu Han, L. Rachel Ngai and Kevin Sheedy
2316: The Macroeconomic Effect of the UK’s 2022 Cost-of-Living Payments Downloads
Max Mosley and Edmund Cornforth
2315: Granular Corporate Hedging Under Dominant Currency Downloads
Laura Alfaro, Mauricio Calani and Liliana Varela
2314: Dash for Dollars Downloads
Ambrogio Cesa-Bianchi, Robert Czech and Fernando Eguren-Martin
2313: Self-fulfilling labor wedge fluctuations and unemployment insurance Downloads
Nikolaos Kokonas and Paulo Santos Monteiro
2312: Doubts about the model and optimal policy Downloads
Anastasios Karantounias
2311: The Regional Keynesian Cross Downloads
Marco Bellifemine, Adrien Couturier and Rustam Jamilov
2310: The Racial Wealth Gap: the Role of Entrepreneurship Downloads
Daniel Albuquerque and Tomer Ifergane
2309: CBDC Policies in Open Economies Downloads
Michael Kumhof, Marco Pinchetti, Phurichai Rungcharoenkitkul and Andrej Sokol
2308: A tail of labor supply and a tale of monetary policy Downloads
Cristiano Cantore, Filippo Ferroni, Haroon Mumtaz and Angeliki Theophilopoulou
2307: Global house prices since 1950 Downloads
Haroon Mumtaz and Roman Sustek
2306: Capital Controls and Free-Trade Agreements Downloads
Simon Lloyd and Emile A. Marin
2305: Learning by necessity: Government demand, capacity constraints, and productivity growth Downloads
Ethan Ilzetzki
2304: Agreed and Disagreed Uncertainty Downloads
Luca Gambetti, Dimitris Korobilis, John D. Tsoukalas and Francesco Zanetti
2303: Exchange Rates, Tariffs and Prices in 1930s’ Britain Downloads
Jagjit S. Chadha, Jason Lennard, Solomos Solomou and Ryland Thomas
2302: Four mistakes in the use of measures of expected inflation Downloads
Ricardo Reis
2301: Expected Inflation in the Euro Area: Measurement and Policy Responses Downloads
Ricardo Reis
2220: When to Lock, Not Whom: Managing Epidemics Using Time-Based Restrictions Downloads
Yinon Bar-On, Tanya Baron, Ofer Cornfeld and Eran Yashiv
2219: Social Capital and Monetary Policy Downloads
Rustam Jamilov
2218: Testing the effectiveness of unconventional monetary policy in Japan and the United States Downloads
Daisuke Ikeda, Shangshang Li, Sophocles Mavroeidis and Francesco Zanetti
2217: The Divisia approach to measuring output and productivity: with an application to the BEA-BLS integrated industry-level production account, 1987-2020 Downloads
Nicholas Oulton
2215: Bubbles, Crashes, and Economic Growth: Theory and Evidence Downloads
Pablo Guerron, Tomohiro Hirano and Ryo Jinnai
2214: Debt Revenue and the Sustainability of Public Debt Downloads
Ricardo Reis
2213: The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility Downloads
L. Rachel Ngai and Kevin Sheedy
2212: Time to Say Goodbye: The Macroeconomic Implications of Termination Notice Downloads
Tomer Ifergane
2211: Mainly Employment: Survey-Based News and the Business Cycle Downloads
Riccardo M. Masolo
2210: The Hitchhiker’s Guide to Markup Estimation Downloads
Maarten De Ridder, Basile Grassi and Giovanni Morzenti
2209: The Burst of High Inflation in 2021–22: How and Why Did We Get Here? Downloads
Ricardo Reis
2208: State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters Downloads
Mishel Ghassibe and Francesco Zanetti
2207: Firm Cyclicality and Financial Frictions Downloads
Alex Clymo and Filip Rozsypal
2206: Sanctions and the Exchange Rate Downloads
Oleg Itskhoki and Dmitry Mukhin
2205: The Productivity-Welfare Linkage: A Decomposition Downloads
Nicholas Oulton
2204: The Wobbly Economy; Global Dynamics with Phase Transitions and State Transitions Downloads
Tomohiro Hirano and Joseph Stiglitz
2202: Unemployment Insurance Financing As A Uniform Payroll Tax Downloads
Sebastian Graves, Jonathon Hazell, Walker F. Lewis and Christina Patterson
2201: Land Speculation and Wobbly Dynamics with Endogenous Phase Transitions Downloads
Tomohiro Hirano and Joseph Stiglitz
2126: The effect of changes in the terms of trade on GDP and welfare: a Divisia approach to the SNA Downloads
Nicholas Oulton
2125: Trade Credit Default Downloads
Xavier Mateos-Planas and Giulio Seccia
2124: Optimal Policy under Dollar Pricing Downloads
Konstantin Egorov and Dmitry Mukhin
2123: Losing the inflation anchor Downloads
Ricardo Reis
2122: Yield curve and the business cycle in conventional times Downloads
Roman Sustek
2121: The Micro and Macro Dynamics of Capital Flows Downloads
Felipe Saffie, Liliana Varela and Kei-Mu Yi
2120: A back-of-the-envelope analysis of house prices: Czech Republic, 2013-2021 Downloads
Roman Sustek
2119: Bubbles, Crashes, and Ups and Downs in Economic Growth: Theory and Evidence Downloads
Pablo Guerron, Tomohiro Hirano and Ryo Jinnai
2118: Climate-Change Pledges, Actions and Outcomes Downloads
Silvana Tenreyro and Tiloka de Silva
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