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Noëmie Lisack
(Noemie Lisack)

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Antoine Devulder & Noémie Lisack, 2020. "Carbon Tax in a Production Network: Propagation and Sectoral Incidence," Working papers 760, Banque de France.

    Mentioned in:

    1. Quel mécanisme d’ajustement carbone aux frontières pour l’UE ?
      by Olivia Grochowicki in Bloc-Notes Eco on 2021-04-28 11:29:03
    2. What Carbon Border Adjustment Mechanism for the EU?
      by Gerard EDMOND in Eco Notepad on 2021-04-28 09:24:22
  2. Matthieu Bussière & Gong Cheng & Menzie D. Chinn & Noëmie Lisack, 2014. "For a Few Dollars More: Reserves and Growth in Times of Crises," NBER Working Papers 19791, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Pour quelques dollars de plus… Réserves et croissance en temps de crise
      by ? in D'un champ l'autre on 2014-02-08 21:32:00

Working papers

  1. Noémie Lisack & Rana Sajedi & Simon Lloyd, 2022. "Aggregation Across Each Nation: Aggregator Choice and Macroeconomic Dynamics," Working papers 894, Banque de France.

    Cited by:

    1. Rebecca Freeman & Mario Larch & Angelos Theodorakopoulos & Yoto V. Yotov, 2021. "Unlocking New Methods to Estimate Country-Specific Trade Costs and Trade Elasticities," CESifo Working Paper Series 9432, CESifo.

  2. Antoine Devulder & Noémie Lisack, 2020. "Carbon Tax in a Production Network: Propagation and Sectoral Incidence," Working papers 760, Banque de France.

    Cited by:

    1. Yoshihiko Hogen & Yojiro Ito & Kenji Kanai & Naoya Kishi, 2024. "Changes in the Global Economic Landscape and Issues for Japan's Economy," Bank of Japan Working Paper Series 24-E-3, Bank of Japan.
    2. Kohei Matsumura & Tomomi Naka & Nao Sudo, 2023. "Analysis of the Transmission of Carbon Tax using a Multi-Sector Dynamic Stochastic General Equilibrium Model," Bank of Japan Working Paper Series 23-E-2, Bank of Japan.
    3. Christian Gourieroux & Alain Monfort & Jean-Paul Renne, 2022. "Required Capital for Long-Run Risks," Post-Print hal-03865173, HAL.
    4. Ernst, Anne & Hinterlang, Natascha & Mahle, Alexander & Stähler, Nikolai, 2022. "Carbon pricing, border adjustment and climate clubs: An assessment with EMuSe," Discussion Papers 25/2022, Deutsche Bundesbank.
    5. Mitchell Berlin & SungJe Byun & Pablo D'Erasmo & Edison Yu, 2025. "Measuring Climate Transition Risk at the Regional Level with an Application to Community Banks," Working Papers 25-11, Federal Reserve Bank of Philadelphia.
    6. Planelles, Jordi & Sanin, María-Eugenia, 2025. "Carbon taxation in a global production network," European Economic Review, Elsevier, vol. 172(C).
    7. Frankovic, Ivan & Etzel, Tobias & Falter, Alexander & Gross, Christian & Ohls, Jana & Strobel, Lena & Wilke, Hannes, 2023. "Climate transition risk stress test for the German financial system," Technical Papers 04/2023, Deutsche Bundesbank.
    8. Elisa Ndiaye & Antoine Bezat & Emmanuel Gobet & Céline Guivarch & Ying Jiao, 2024. "Optimal business model adaptation plan for a company under a transition scenario," CIRED Working Papers hal-04682824, HAL.
    9. Thomas Allen & Stéphane Dees & Jean Boissinot & Carlos Mateo Caicedo Graciano & Valérie Chouard & Laurent Clerc & Annabelle de Gaye & Antoine Devulder & Sébastien Diot & Noémie Lisack & Fulvio Pegorar, 2020. "Climate-Related Scenarios for Financial Stability Assessment: an Application to France," Working papers 774, Banque de France.
    10. Thomas Allen & Mathieu Boullot & Stéphane Dees & Annabelle de Gaye & Noémie Lisack & Camille Thubin & Oriane Wegner, 2023. "Using Short-Term Scenarios to Assess the Macroeconomic Impacts of Climate Transition," Working papers 922, Banque de France.
    11. Thomas Allen & Jean Boissinot & Laurent Clerc & Stéphane Dees, 2021. "Developing climate transition scenarios to manage financial risks [Élaborer des scénarios de transition climatique pour gérer les risques financiers]," Bulletin de la Banque de France, Banque de France, issue 237.
    12. G'eraldine Bouveret & Jean-Franc{c}ois Chassagneux & Smail Ibbou & Antoine Jacquier & Lionel Sopgoui, 2023. "Propagation of a carbon price in a credit portfolio through macroeconomic factors," Papers 2307.12695, arXiv.org, revised Apr 2024.
    13. Hinterlang, Natascha & Martin, Anika & Röhe, Oke & Stähler, Nikolai & Strobel, Johannes, 2022. "Using energy and emissions taxation to finance labor tax reductions in a multi-sector economy," Energy Economics, Elsevier, vol. 115(C).
    14. Darracq Pariès, Matthieu & Notarpietro, Alessandro & Kilponen, Juha & Papadopoulou, Niki & Zimic, Srečko & Aldama, Pierre & Langenus, Geert & Alvarez, Luis Julian & Lemoine, Matthieu & Angelini, Elena, 2021. "Review of macroeconomic modelling in the Eurosystem: current practices and scope for improvement," Occasional Paper Series 267, European Central Bank.
    15. Drudi, Francesco & Moench, Emanuel & Holthausen, Cornelia & Weber, Pierre-François & Ferrucci, Gianluigi & Setzer, Ralph & Adao, Bernardino & Dées, Stéphane & Alogoskoufis, Spyros & Téllez, Mar Delgad, 2021. "Climate change and monetary policy in the euro area," Occasional Paper Series 271, European Central Bank.
    16. Frankovic, Ivan, 2022. "The impact of carbon pricing in a multi-region production network model and an application to climate scenarios," Discussion Papers 07/2022, Deutsche Bundesbank.
    17. Frankovic, Ivan, 2024. "How do carbon prices spill over along global supply chains? The impact on Europe and Germany," Journal of Policy Modeling, Elsevier, vol. 46(5), pages 887-907.
    18. Hinterlang, Natascha & Martin, Anika & Röhe, Oke & Stähler, Nikolai & Strobel, Johannes, 2021. "Using energy and emissions taxation to finance labor tax reductions in a multi-sector economy: An assessment with EMuSe," Discussion Papers 50/2021, Deutsche Bundesbank.
    19. Frankovic, Ivan & Kolb, Benedikt, 2024. "The role of emission disclosure for the low-carbon transition," European Economic Review, Elsevier, vol. 167(C).
    20. Fernandes, Bernardo de Barros & Ferreira, Pedro Cavalcanti, 2023. "Network and general equilibrium effects of carbon taxes and deforestation," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 833, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    21. Matsumura, Kohei & Naka, Tomomi & Sudo, Nao, 2024. "Analysis of the transmission of carbon taxes using a multi-sector DSGE," Energy Economics, Elsevier, vol. 136(C).

  3. Thomas Allen & Stéphane Dees & Jean Boissinot & Carlos Mateo Caicedo Graciano & Valérie Chouard & Laurent Clerc & Annabelle de Gaye & Antoine Devulder & Sébastien Diot & Noémie Lisack & Fulvio Pegorar, 2020. "Climate-Related Scenarios for Financial Stability Assessment: an Application to France," Working papers 774, Banque de France.

    Cited by:

    1. Ferrari Minesso, Massimo & Pagliari, Maria Sole, 2023. "No country is an island. International cooperation and climate change," Journal of International Economics, Elsevier, vol. 145(C).
    2. Mercy Berman DeMenno, 2023. "Environmental sustainability and financial stability: can macroprudential stress testing measure and mitigate climate-related systemic financial risk?," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(4), pages 445-473, December.
    3. Getaneh Mihret Ayele & Fentaw Leykun Fisseha, 2024. "Does climate change affect the financial stability of Sub-Saharan African countries?," Climatic Change, Springer, vol. 177(10), pages 1-22, October.
    4. Miller, J. Isaac & Brock, William A., 2024. "Beyond RCP8.5: Marginal mitigation using quasi-representative concentration pathways," Journal of Econometrics, Elsevier, vol. 239(1).
    5. Roncoroni, Alan & Battiston, Stefano & Escobar-Farfán, Luis O.L. & Martinez-Jaramillo, Serafin, 2021. "Climate risk and financial stability in the network of banks and investment funds," Journal of Financial Stability, Elsevier, vol. 54(C).
    6. Faiella, Ivan & Lavecchia, Luciano & Michelangeli, Valentina & Mistretta, Alessandro, 2022. "A climate stress test on the financial vulnerability of Italian households and firms," Journal of Policy Modeling, Elsevier, vol. 44(2), pages 396-417.
    7. Billio, Monica & Costola, Michele & Hristova, Iva & Latino, Carmelo & Pelizzon, Loriana, 2022. "Sustainable finance: A journey toward ESG and climate risk," SAFE Working Paper Series 349, Leibniz Institute for Financial Research SAFE.
    8. Hadji-Lazaro, Paul & Salin, Mathilde & Svartzman, Romain & Espagne, Etienne & Gauthey, Julien & Berger, Joshua & Calas, Julien & Godin, Antoine & Vallier, Antoine, 2024. "Biodiversity loss and financial stability as a new frontier for central banks: An exploration for France," Ecological Economics, Elsevier, vol. 223(C).
    9. Christian Gourieroux & Alain Monfort & Jean-Paul Renne, 2022. "Required Capital for Long-Run Risks," Post-Print hal-03865173, HAL.
    10. Pablo Aguilar & Beatriz González & Samuel Hurtado, 2022. "Carbon tax sectoral (CATS) model: a sectoral model for energy transition stress test scenarios," Occasional Papers 2218, Banco de España.
    11. Mitchell Berlin & SungJe Byun & Pablo D'Erasmo & Edison Yu, 2025. "Measuring Climate Transition Risk at the Regional Level with an Application to Community Banks," Working Papers 25-11, Federal Reserve Bank of Philadelphia.
    12. Cahen-Fourot, Louison & Campiglio, Emanuele & Godin, Antoine & Kemp-Benedict, Eric & Trsek, Stefan, 2021. "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation," Energy Economics, Elsevier, vol. 103(C).
    13. Kakuho Furukawa & Hibiki Ichiue & Noriyuki Shiraki, 2020. "How Does Climate Change Interact with the Financial System? A Survey," Bank of Japan Working Paper Series 20-E-8, Bank of Japan.
    14. Hadji-Lazaro, Paul, 2025. "Environmental responsibility and exposure of finance: Combining environmentally-extended input-output and balance sheet approaches," Ecological Economics, Elsevier, vol. 228(C).
    15. Patrick Bolton Patrick & Després Morgan & Pereira da Silva Luiz Awazu & Samama Frédéric & Svartzman Romain, 2020. "“Green Swans”: central banks in the age of climate-related risks [Le « Cygne Vert » : les banques centrales à l’ère des risques climatiques]," Bulletin de la Banque de France, Banque de France, issue 229.
    16. D'Orazio, Paola & Hertel, Tobias & Kasbrink, Fynn, 2022. "No need to worry? Estimating the exposure of the German banking sector to climate-related transition risks," Ruhr Economic Papers 946, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    17. Yannis Dafermos, 2022. "Climate change, central banking and financial supervision: beyond the risk exposure approach," Chapters, in: Sylvio Kappes & Louis-Philippe Rochon & Guillaume Vallet (ed.), The Future of Central Banking, chapter 8, pages 175-194, Edward Elgar Publishing.
    18. Laura Auria & Markus Bingmer & Carlos Mateo Caicedo Graciano & Clémence Charavel & Sergio Gavilá & Alessandra Iannamorelli & Aviram Levy & Alfredo Maldonado & Florian Resch & Anna Maria Rossi & Step, 2021. "Overview of central banks’ in-house credit assessment systems in the euro area," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 13, Bank of Italy, Directorate General for Markets and Payment System.
    19. Frédéric Vinas, 2025. "Oil Shocks and their Impact on Corporate Profitability, Productivity, and Credit Risk: Firm-Level Evidence Over Two Decades," Working papers 989, Banque de France.
    20. Martin Guth & Jannika Hesse & Csilla Königswieser & Gerald Krenn & Christian Lipp & Benjamin Neudorfer & Martin Schneider & Philipp Weiss, 2021. "OeNB climate risk stress test – modeling a carbon price shock for the Austrian banking sector," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 42, pages 27-45.
    21. Aiello, Maria Alessia & Angelico, Cristina, 2023. "Climate change and credit risk: The effect of carbon tax on Italian banks' business loan default rates," Journal of Policy Modeling, Elsevier, vol. 45(1), pages 187-201.
    22. Laura Auria & Markus Bingmer & Carlos Mateo Caicedo Graciano & Clémence Charavel & Sergio Gavilá & Alessandra Iannamorelli & Aviram Levy & Alfredo Maldonado & Florian Resch & Anna Maria Rossi & Stepha, 2021. "Overview of central banks’ in-house credit assessment systems in the euro area," Occasional Papers 2131, Banco de España.
    23. Aguilar, Pablo & González, Beatriz & Hurtado, Samuel, 2023. "Green policies and transition risk propagation in production networks," Economic Modelling, Elsevier, vol. 126(C).
    24. Laszlo Bokor, 2022. "Climate Stress Test of the Hungarian Banking System," MNB Occasional Papers 2022/147, Magyar Nemzeti Bank (Central Bank of Hungary).
    25. Maurizio Solari & Alexandre Le Bloc’h & Sergio Rossi, 2024. "Ecological transition in a monetary economy of production: a heterodox approach," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 13-37, March.
    26. Thomas Allen & Mathieu Boullot & Stéphane Dees & Annabelle de Gaye & Noémie Lisack & Camille Thubin & Oriane Wegner, 2023. "Using Short-Term Scenarios to Assess the Macroeconomic Impacts of Climate Transition," Working papers 922, Banque de France.
    27. Thomas Allen & Jean Boissinot & Laurent Clerc & Stéphane Dees, 2021. "Developing climate transition scenarios to manage financial risks [Élaborer des scénarios de transition climatique pour gérer les risques financiers]," Bulletin de la Banque de France, Banque de France, issue 237.
    28. Hansen, Lars Peter, 2022. "Central banking challenges posed by uncertain climate change and natural disasters," Journal of Monetary Economics, Elsevier, vol. 125(C), pages 1-15.
    29. Chenet, Hugues & Ryan-Collins, Josh & van Lerven, Frank, 2021. "Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy," Ecological Economics, Elsevier, vol. 183(C).
    30. Martin Motl & Jaromir Tonner, 2021. "Modelling the impacts of climate change on the global economy: Stagflationary shock looming," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - September 2021, pages 13-22, Czech National Bank, Research and Statistics Department.
    31. Frankovic, Ivan, 2022. "The impact of carbon pricing in a multi-region production network model and an application to climate scenarios," Discussion Papers 07/2022, Deutsche Bundesbank.
    32. Zhang, Xingmin & Zhang, Shuai & Lu, Liping, 2022. "The banking instability and climate change: Evidence from China," Energy Economics, Elsevier, vol. 106(C).
    33. Gourdel, Régis & Monasterolo, Irene & Gallagher, Kevin, 2025. "Climate transition spillovers and sovereign risk: Evidence from Indonesia," Energy Economics, Elsevier, vol. 143(C).
    34. Louis Daumas, 2021. "Should we fear transition risks - A review of the applied literature," Working Papers 2021.05, FAERE - French Association of Environmental and Resource Economists.
    35. Frédéric CHERBONNIER & Ulrich HEGE, 2020. "Risques climatiques et règlementation financière prudentielle," Working Paper b08f5c14-94fc-4ccc-b857-6, Agence française de développement.
    36. Donato Masciandaro & Romano Vincenzo Tarsia, 2021. "Society, Politicians, Climate Change and Central Banks: An Index of Green Activism," BAFFI CAREFIN Working Papers 21167, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    37. Holm-Hadulla, Fédéric & Musso, Alberto & Rodriguez-Palenzuela, Diego & Vlassopoulos, Thomas, 2021. "Evolution of the ECB’s analytical framework," Occasional Paper Series 277, European Central Bank.
    38. Matsumura, Kohei & Naka, Tomomi & Sudo, Nao, 2024. "Analysis of the transmission of carbon taxes using a multi-sector DSGE," Energy Economics, Elsevier, vol. 136(C).
    39. Ghosh, Saibal, 2023. "Does climate legislation matter for bank lending? Evidence from MENA countries," Ecological Economics, Elsevier, vol. 212(C).
    40. Eszter Boros, 2020. "Risks of Climate Change and Credit Institution Stress Tests," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 19(4), pages 107-131.
    41. Belloni, Marco & Kuik, Friderike & Mingarelli, Luca, 2022. "Euro Area banks' sensitivity to changes in carbon price," Working Paper Series 2654, European Central Bank.

  4. Noémie Lisack & Rana Sajedi & Gregory Thwaites, 2019. "Population Ageing and the Macroeconomy," Working papers 745, Banque de France.

    Cited by:

    1. Bailey, Andrew & Cesa-Bianchi, Ambrogio & Garofalo, Marco & Harrison, Richard & McLaren, Nick & Sajedi, Rana & Piton, Sophie, 2023. "Structural change, global R* and the missing-investment puzzle," Bank of England working papers 997, Bank of England.
    2. Heo, Ye Jin, 2022. "Population aging and house prices: Who are we calling old?," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    3. Jieun Lee & Hosung Jung, 2023. "Demographic Shifts, Macroprudential Policies, and House Prices," International Journal of Central Banking, International Journal of Central Banking, vol. 19(5), pages 1-47, December.
    4. Bonfatti, Andrea & İmrohoroğlu, Selahattin & Kitao, Sagiri, 2022. "Japan and the allocation puzzle in an aging world," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    5. Vlieghe, Gertjan, 2022. "Demographics and other constraints on future monetary policy," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    6. Giacomo Mangiante, 2022. "Demographic Trends and the Transmission of Monetary Policy," Cahiers de Recherches Economiques du Département d'économie 22.04, Université de Lausanne, Faculté des HEC, Département d’économie.

  5. Joy, Mark & Lisack, Noemie & Lloyd, Simon & Reinhardt, Dennis & Sajedi, Rana & Whitaker, Simon, 2018. "Mind the (current account) gap," Bank of England Financial Stability Papers 43, Bank of England.

    Cited by:

    1. Bosede Victoria Kudaisi, 2022. "Trade, Financial Liberalisation And Current Account Balance In Nigeria," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 7(special), pages 36-50, June.
    2. Devadas,Sharmila & Loayza,Norman V., 2018. "When is a Current Account Deficit Bad?," Research and Policy Briefs 130415, The World Bank.
    3. Enrique Alberola-Ila & Ángel Estrada & Francesca Viani, 2018. "Global imbalances from a stock perspective. The asymmetry between creditors and debtors," BIS Working Papers 707, Bank for International Settlements.
    4. Sena Kimm Gnangnon, 2019. "Remittances Inflows and Trade Policy," Remittances Review, Remittances Review, vol. 4(2), pages 117-142, October.
    5. Brumm, Johannes & Georgiadis, Georgios & Gräb, Johannes & Trottner, Fabian, 2019. "Global value chain participation and current account imbalances," Journal of International Money and Finance, Elsevier, vol. 97(C), pages 111-124.
    6. Miriam Koomen & Laurence Wicht, 2020. "Demographics, pension systems, and the current account: an empirical assessment using the IMF current account model," Working Papers 2020-23, Swiss National Bank.

  6. Lisack, Noëmie & Sajedi, Rana & Thwaites, Gregory, 2017. "Demographic trends and the real interest rate," Bank of England working papers 701, Bank of England.

    Cited by:

    1. Gabriele Fiorentini & Alessandro Galesi & Gabriel Pérez-Quirós & Enrique Sentana, 2018. "The Rise and Fall of the Natural Interest Rate," Working Paper series 18-29, Rimini Centre for Economic Analysis.
    2. Sudo, Nao & Takizuka, Yasutaka, 2020. "Population Aging And The Real Interest Rate In The Last And Next 50 Years: A Tale Told By An Overlapping Generations Model," Macroeconomic Dynamics, Cambridge University Press, vol. 24(8), pages 2060-2103, December.
    3. Michael Buchner, 2020. "Fiscal Policy in an Age of Secular Stagnation," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(3), pages 398-429, September.
    4. Noémie Lisack & Rana Sajedi & Gregory Thwaites, 2019. "Population Ageing and the Macroeconomy," Working papers 745, Banque de France.
    5. Gunther Tichy, 2019. "Das vernachlässigte Massensparen. Die wirtschaftspolitischen Folgen zunehmender Intermediation," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(8), pages 583-597, August.
    6. Andrea Bonfatti & Sagiri Kitao & Selahattin Imrohoroglu, 2018. "Aging, Factor Prices, and Capital Movements," 2018 Meeting Papers 245, Society for Economic Dynamics.
    7. Auclert, Adrien & Malmberg, Hannes & Martenet, Frederic & Rognlie, Matthew, 2021. "Demographics, Wealth, and Global Imbalances in the Twenty-First Century," CEPR Discussion Papers 16470, C.E.P.R. Discussion Papers.
    8. Guerrazzi, Marco, 2021. "How long does a generation last? Assessing the relationship between infinite and finite horizon dynamic models," MPRA Paper 105641, University Library of Munich, Germany.
    9. Mai Dao & Callum Jones, 2018. "Demographics, Old-Age Transfers and the Current Account," IMF Working Papers 2018/264, International Monetary Fund.
    10. Chen, Jiaqian & Finocchiaro, Daria & Lindé, Jesper & Walentin, Karl, 2020. "The costs of macroprudential deleveraging in a liquidity trap," Working Paper Series 389, Sveriges Riksbank (Central Bank of Sweden).
    11. Taylor, Alan M. & Kopecky, Joseph V., 2020. "The Murder-Suicide of the Rentier: Population Aging and the Risk Premium," CEPR Discussion Papers 14576, C.E.P.R. Discussion Papers.
    12. Mr. Luis M. Cubeddu & Signe Krogstrup & Gustavo Adler & Mr. Pau Rabanal & Mai Dao & Mrs. Swarnali A Hannan & Luciana Juvenal & Ms. Carolina Osorio-Buitron & Cyril Rebillard & Mr. Daniel Garcia-Macia &, 2019. "The External Balance Assessment Methodology: 2018 Update," IMF Working Papers 2019/065, International Monetary Fund.
    13. Papetti, Andrea, 2019. "Demographics and the natural real interest rate: historical and projected paths for the euro area," Working Paper Series 2258, European Central Bank.
    14. Jens H. E. Christensen & Glenn D. Rudebusch, 2018. "A New Normal for Interest Rates? Evidence from Inflation-Indexed Debt," Working Paper Series 2017-07, Federal Reserve Bank of San Francisco.
    15. Weifeng Liu & Warwick McKibbin, 2022. "Global macroeconomic impacts of demographic change," The World Economy, Wiley Blackwell, vol. 45(3), pages 914-942, March.
    16. Kim, Myunghyun, 2024. "Declining real interest rates: The role of energy prices in energy importers," Energy Economics, Elsevier, vol. 129(C).
    17. Fergus Cumming & Lisa J. Dettling, 2020. "Monetary Policy and Birth Rates: The Effect of Mortgage Rate Pass-Through on Fertility," Finance and Economics Discussion Series 2020-002, Board of Governors of the Federal Reserve System (U.S.).
    18. Marx, Magali & Mojon, Benoît & Velde, François R., 2021. "Why have interest rates fallen far below the return on capital?," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 57-76.
    19. Kurt Graden Lunsford & Kenneth D. West, 2017. "Some Evidence on Secular Drivers of US Safe Real Rates," Working Papers (Old Series) 1723, Federal Reserve Bank of Cleveland.
    20. Jihee Ann & Cheolbeom Park, 2020. "Demographic Structure and House Prices in the United States: A Reconciliation Using Metropolitan Area Data," Discussion Paper Series 2005, Institute of Economic Research, Korea University.
    21. Noëmie LISACK & Rana SAJEDI & Gregory THWAITES, 2019. "Population ageing: how does it impact the macroeconomy? [Les impacts macroéconomiques du vieillissement de la population]," Bulletin de la Banque de France, Banque de France, issue 223.
    22. Juselius, Mikael & Takáts, Előd, 2021. "Inflation and demography through time," Journal of Economic Dynamics and Control, Elsevier, vol. 128(C).
    23. Mr. Philip Barrett, 2018. "Interest-Growth Differentials and Debt Limits in Advanced Economies," IMF Working Papers 2018/082, International Monetary Fund.
    24. Gunther Tichy, 2019. "The Neglected Mass Saving. The Economic Consequences of Increasing Intermediation," WIFO Bulletin, WIFO, vol. 24(17), pages 153-166, December.
    25. Amaral, Pedro, 2022. "The demographic transition and the asset supply channel," MPRA Paper 113613, University Library of Munich, Germany.
    26. Lis, Eliza & Nickel, Christiane & Papetti, Andrea, 2020. "Demographics and inflation in the euro area: a two-sector new Keynesian perspective," Working Paper Series 2382, European Central Bank.
    27. Zsofia Barany & Nicolas Coeurdacier & Stéphane Guibaud, 2018. "Capital Flows in an Aging World," Working Papers hal-03393116, HAL.
    28. Andrea BONFATTI & Selahattin İMROHOROĞLU & Sagiri KITAO, 2019. "Aging, Factor Prices and Capital Flows," Discussion papers 19110, Research Institute of Economy, Trade and Industry (RIETI).
    29. Brand, Claus & Bielecki, Marcin & Penalver, Adrian, 2018. "The natural rate of interest: estimates, drivers, and challenges to monetary policy JEL Classification: E52, E43," Occasional Paper Series 217, European Central Bank.
    30. Jan Acedański & Julia Włodarczyk, 2018. "Demographics, retirement age, and real interest rates in Poland," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 10(4), pages 355-385, December.
    31. Bank for International Settlements, 2019. "Unconventional monetary policy tools: a cross-country analysis," CGFS Papers, Bank for International Settlements, number 63.
    32. Alexius, Annika, 2017. "Why are real interest rates so low? Evidence from a structural VAR with sign restrictions," Research Papers in Economics 2017:6, Stockholm University, Department of Economics.

  7. Gustavo Adler & Noemie Lisack & Rui Mano, 2015. "Unveiling the Effects of Foreign Exchange Intervention: A Panel Approach," IMF Working Papers 2015/130, International Monetary Fund.

    Cited by:

    1. Ghosh, Atish R. & Ostry, Jonathan D. & Qureshi, Mahvash S., 2018. "Taming the Tide of Capital Flows: A Policy Guide," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262037165, December.
    2. Marcel Fratzscher & Oliver Gloede & Lukas Menkhoff & Lucio Sarno & Tobias Stöhr, 2019. "When Is Foreign Exchange Intervention Effective? Evidence from 33 Countries," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 132-156, January.
    3. Waldo Mendoza Bellido, 2017. "La macroeconomía de la flotación sucia en una economía primario exportadora: el caso del Perú," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 40(79), pages 105-132.
    4. Alain Naef & Jacob P. Weber, 2021. "Regional How Powerful is Unannounced, Sterilized Foreign Exchange Intervention?," Working papers 834, Banque de France.
    5. Sandri, Damiano, 2023. "FX intervention to stabilize or manipulate the exchange rate? Inference from profitability," Journal of International Money and Finance, Elsevier, vol. 131(C).
    6. Garcia-Cicco Javier & Bucacos Elizabeth & Mello Miguel, 2023. "Foreign Exchange Interventions and Foreign Shocks: The case of Uruguay," Asociación Argentina de Economía Política: Working Papers 4657, Asociación Argentina de Economía Política.
    7. Grahame Johnson & Sharon Kozicki & Romanos Priftis & Lena Suchanek & Jonathan Witmer & Jing Yang, 2020. "Implementation and Effectiveness of Extended Monetary Policy Tools: Lessons from the Literature," Discussion Papers 2020-16, Bank of Canada.
    8. Smita Roy Trivedi, 2020. "The Moses effect: can central banks really guide foreign exchange markets?," Empirical Economics, Springer, vol. 58(6), pages 2837-2865, June.
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  8. Matthieu Bussière & G. Cheng & M. Chinn & N. Lisack, 2015. "For a Few Dollars More: Reserves and Growth in Times of Crises," Working papers 550, Banque de France.

    Cited by:

    1. Lu, Dong & Qian, Xingwang & Zhu, Wenyu, 2024. "External debt currency denomination and the currency composition of foreign exchange reserves," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
    2. Olivier Jeanne & Damiano Sandri, 2020. "Global Financial Cycle and Liquidity Management," NBER Working Papers 27901, National Bureau of Economic Research, Inc.
    3. Rafael Cezar & Eric Monnet, 2021. "Capital Controls and Foreign Reserves against External Shocks: Combined or Alone?," Working papers 849, Banque de France.
    4. J. Scott Davis & Ippei Fujiwara & Kevin X. D. Huang & Jiao Wang, 2019. "Foreign Exchange Reserves as a Tool for Capital Account Management," Globalization Institute Working Papers 352, Federal Reserve Bank of Dallas.
    5. Pablo G. Bortz & Annina Kaltenbrunner, 2018. "The International Dimension of Financialization in Developing and Emerging Economies," Development and Change, International Institute of Social Studies, vol. 49(2), pages 375-393, March.
    6. Marek A. Dąbrowski, 2015. "Jakość danych o rezerwach dewizowych a kryzysy finansowe w gospodarkach wschodzących," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 49-78.
    7. Alberola, Enrique & Erce, Aitor & Serena, José Maria, 2016. "International reserves and gross capital flows dynamics," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 151-171.
    8. Steiner, Andreas, 2017. "Central banks and macroeconomic policy choices: Relaxing the trilemma," Journal of Banking & Finance, Elsevier, vol. 77(C), pages 283-299.
    9. Christian Pinshi, 2017. "Feedback effect between Volatility of capital flows and financial stability: evidence from Democratic Republic of Congo [Boucle rétroactive entre la volatilité des flux de capitaux et la stabilité ," Working Papers hal-01577198, HAL.
    10. Hur, Sewon & Kondo, Illenin O., 2016. "A theory of rollover risk, sudden stops, and foreign reserves," Journal of International Economics, Elsevier, vol. 103(C), pages 44-63.
    11. Cheng, G., 2013. "A Growth Perspective on Foreign Reserve Accumulation," Working papers 443, Banque de France.
    12. Dąbrowski, Marek A. & Śmiech, Sławomir & Papież, Monika, 2013. "Monetary policy options for mitigating the impact of the global financial crisis on emerging market economies," MPRA Paper 56337, University Library of Munich, Germany.
    13. Sula, Ozan & Oguzoglu, Umut, 2021. "International reserves and economic growth," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 16-28.
    14. Audrey Allegret Sallenave & Jean-Pierre Allegret, 2019. "Did Foreign Exchange Holding Influence Growth Performance During the Global Financial Crisis?," Post-Print hal-03573567, HAL.
    15. Chiţu, Livia, 2016. "Reserve accumulation, inflation and moral hazard: Evidence from a natural experiment," Working Paper Series 1880, European Central Bank.
    16. Jean-Pierre Allegret & Audrey Allegret, 2018. "The role of international reserves holding in buffering external shocks," Applied Economics, Taylor & Francis Journals, vol. 50(29), pages 3128-3147, June.
    17. Cheng, Gong, 2015. "Balance sheet effects, foreign reserves and public policies," Journal of International Money and Finance, Elsevier, vol. 59(C), pages 146-165.
    18. Shaghil Ahmed & Andrei Zlate, 2013. "Capital flows to emerging market economies: a brave new world?," International Finance Discussion Papers 1081, Board of Governors of the Federal Reserve System (U.S.).
    19. Joyce, Joseph, 2015. "External Balance Sheets as Countercyclical Crisis Buffers," MPRA Paper 66039, University Library of Munich, Germany.
    20. Woo Jin Choi & Alan M. Taylor, 2017. "Precaution Versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate," NBER Working Papers 23341, National Bureau of Economic Research, Inc.
    21. Flavia Corneli & Emanuele Tarantino, 2015. "Sovereign debt and reserves with liquidity and productivity crises," Temi di discussione (Economic working papers) 1012, Bank of Italy, Economic Research and International Relations Area.
    22. Joshua Aizenman & Yin-Wong Cheung & Hiro Ito, 2014. "International Reserves Before and After the Global Crisis: Is There No End to Hoarding?," NBER Working Papers 20386, National Bureau of Economic Research, Inc.
    23. Eduardo Levy Yeyati & Jimena Zuniga, 2015. "Varieties of Capital Flows: What Do We Know?," CID Working Papers 296, Center for International Development at Harvard University.
    24. Eichler, Stefan & Roevekamp, Ingmar, 2016. "A market-based indicator of currency risk: Evidence from American Depositary Receipts," Hannover Economic Papers (HEP) dp-572, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    25. Joshua Aizenman & Yin-Wong Cheung & Xingwang Qian, 2019. "The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets," NBER Working Papers 25934, National Bureau of Economic Research, Inc.
    26. Corsetti, G. & Maeng, S. H., 2023. "The Theory of Reserve Accumulation, Revisited," Janeway Institute Working Papers 2319, Faculty of Economics, University of Cambridge.
    27. César Sosa-Padilla & Federico Sturzenegger, 2021. "Does It Matter How Central Banks Accumulate Reserves? Evidence from Sovereign Spreads," Working Papers 79, Red Nacional de Investigadores en Economía (RedNIE).
    28. Dongwon Lee & Kyungkeun Kim, 2019. "Asymmetric stabilizing impact of international reserves," Applied Economics Letters, Taylor & Francis Journals, vol. 26(1), pages 69-73, January.
    29. Scheubel, Beatrice & Stracca, Livio & Tille, Cédric, 2019. "Taming the global financial cycle: What role for the global financial safety net?," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 160-182.
    30. Scheubel, Beatrice & Herrala, Risto & Stracca, Livio, 2016. "What do we know about the global financial safety net? Data, rationale and possible evolution," VfS Annual Conference 2016 (Augsburg): Demographic Change 145676, Verein für Socialpolitik / German Economic Association.
    31. Reinhart, Carmen M. & Reinhart, Vincent & Tashiro, Takeshi, 2016. "Does reserve accumulation crowd out investment?," Journal of International Money and Finance, Elsevier, vol. 63(C), pages 89-111.
    32. Livia Chițu, 2021. "Reserve accumulation, inflation, and moral hazard: Evidence from a natural experiment," International Finance, Wiley Blackwell, vol. 24(2), pages 219-235, August.
    33. Gopalakrishnan, Balagopal & Mohapatra, Sanket, 2018. "Turning over a golden leaf? Global liquidity and emerging market central banks’ demand for gold after the financial crisis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 57(C), pages 94-109.
    34. Gong Cheng & Rudolf Alvise Lennkh, 2020. "RFAs’ Financial Structures and Lending Capacities: a statutory, accounting and credit rating perspective," Working Papers 44, European Stability Mechanism.
    35. Collins C. Ngwakwe, 2017. "Analysis of the Role of Export Value on the Reserve of South Africa," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(4), pages 5-14, AUGUST.
    36. Jäger, Kai, 2016. "The Role of Regime Type in the Political Economy of Foreign Reserve Accumulation," European Journal of Political Economy, Elsevier, vol. 44(C), pages 79-96.
    37. Gopalakrishnan, Balagopal & Mohapatra, Sanket, 2017. "Global Risk and Demand for Gold by Central Banks," IIMA Working Papers WP 2017-01-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    38. Tavares, Tiago, 2015. "The Role of International Reserves in Sovereign Debt Restructuring under Fiscal Adjustment," MPRA Paper 66962, University Library of Munich, Germany.
    39. Yan, Cheng & Phylaktis, Kate & Fuertes, Ana-Maria, 2016. "On cross-border bank credit and the U.S. financial crisis transmission to equity markets," Journal of International Money and Finance, Elsevier, vol. 69(C), pages 108-134.
    40. Maurice Obstfeld, 2015. "Trilemmas and trade-offs: living with financial globalisation," BIS Working Papers 480, Bank for International Settlements.
    41. Oladejo Tokunbo Bada & Kehinde Adekunle Adetiloy & Felicia Omowunmi Olokoyo, 2022. "Educational Factors As Determinant Of International Reserves Accumulation In Organisation Of Petroleum Exporting Countries," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 8(2).
    42. Samer Shousha, 2017. "International Reserves, Credit Constraints, and Systemic Sudden Stops," International Finance Discussion Papers 1205, Board of Governors of the Federal Reserve System (U.S.).
    43. Dąbrowski, Marek A. & Wróblewska, Justyna, 2016. "Exchange rate as a shock absorber in Poland and Slovakia: Evidence from Bayesian SVAR models with common serial correlation," Economic Modelling, Elsevier, vol. 58(C), pages 249-262.
    44. Atilgan, Yigit & Demirtas, K. Ozgur & Simsek, Koray D., 2016. "Derivative markets in emerging economies: A survey," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 88-102.
    45. Csávás Csaba & Csom-Bíró Gabriella, 2017. "Indicators Used for the Assessment of the Reserve Adequacy of Emerging and Developing Countries – International Trends in the Mirror of Theories," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 16(1), pages 5-45.
    46. Dąbrowski, Marek A., 2021. "A novel approach to the estimation of an actively managed component of foreign exchange reserves," Economic Modelling, Elsevier, vol. 96(C), pages 83-95.
    47. Samba Michel Cyrille, 2015. "International Reserves Holdings in the CEMAC Area: Adequacy and Motives," African Development Review, African Development Bank, vol. 27(4), pages 415-427, December.
    48. Pina, Gonçalo, 2015. "The recent growth of international reserves in developing economies: A monetary perspective," Journal of International Money and Finance, Elsevier, vol. 58(C), pages 172-190.
    49. Lee, Sang Seok & Luk, Paul, 2018. "The Asian Financial Crisis and international reserve accumulation: A robust control approach," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 284-309.
    50. Eichler, Stefan & Roevekamp, Ingmar, 2018. "A market-based measure for currency risk in managed exchange rate regimes," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 57(C), pages 141-159.

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    See citations under working paper version above.
  5. Bussière, Matthieu & Cheng, Gong & Chinn, Menzie D. & Lisack, Noëmie, 2015. "For a few dollars more: Reserves and growth in times of crises," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 127-145.
    See citations under working paper version above.
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