Research classified by Journal of Economic Literature (JEL) codes

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Top JEL
/ E: Macroeconomics and Monetary Economics
/ / E4: Money and Interest Rates
/ / / E43: Interest Rates: Determination, Term Structure, and Effects

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This JEL code is mentioned in the following RePEc Biblio entries:

1. Forecasting Economic Activity Using Financial Variables
2. Monetary Theory

2019

• Thomas J. Carter & Xin Scott Chen & José Dorich, 2019, "The Neutral Rate in Canada: 2019 Update," Staff Analytical Notes, Bank of Canada, number 2019-11, DOI: 10.34989/san-2019-11.
• Thomas J. Carter & Xin Scott Chen & José Dorich, 2019, "Le taux neutre au Canada : mise à jour de 2019," Staff Analytical Notes, Bank of Canada, number 2019-11fr, DOI: 10.34989/san-2019-11.
• Ricardo Sabbadini, 2019, "International Reserves Management in a Model of Partial Sovereign Default," Working Papers Series, Central Bank of Brazil, Research Department, number 496, Jul.
• Ricardo Sabbadini, 2019, "Loss Aversion and Search for Yield in Emerging Markets Sovereign Debt," Working Papers Series, Central Bank of Brazil, Research Department, number 500, Sep.
• Paolo Fegatelli, 2019, "Central bank digital currencies: The case of universal central bank reserves," BCL working papers, Central Bank of Luxembourg, number 130, Jul.
• Alessandro Secchi, 2019, "A two-tier system for remunerating banks’ excess liquidity in the euro area: aims and possible side effects," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 534, Dec.
• Giuseppe Grande & Adriana Grasso & Gabriele Zinna, 2019, "The effectiveness of the ECB’s asset purchases at the lower bound," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 541, Dec.
• Marcello Pericoli, 2019, "An assessment of recent trends in market-based expected iflation in the euro area," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 542, Dec.
• Javier G. Gómez-Pineda, 2019, "The natural interest rate in Latin America," Borradores de Economia, Banco de la Republica de Colombia, number 1067, Mar, DOI: 10.32468/be.1067.
• Klodiana Istrefi, 2019, "In Fed Watchers Eyes: Hawks, Doves and Monetary Policy," Working papers, Banque de France, number 725.
• Antonin Bergeaud & Gilbert Cette & Rémy Lecat, 2019, "The Circular Relationship Between Productivity Growth and Real Interest Rates," Working papers, Banque de France, number 734.
• Noémie Lisack & Rana Sajedi & Gregory Thwaites, 2019, "Population Ageing and the Macroeconomy," Working papers, Banque de France, number 745.
• 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.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Miguel Boucinha & Carlo Altavilla & José-Luis Peydró, 2019, "Monetary Policy and Bank Profitability in a Low Interest Rate Environment," Working Papers, Barcelona School of Economics, number 1101, May.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Johannes Bubeck & Angela Maddaloni & José-Luis Peydró, 2019, "Negative Monetary Policy Rates and Systemic Banks' Risk-Taking: Evidence from the Euro Area Securities Register," Working Papers, Barcelona School of Economics, number 1128, Nov.
• Lukasz Rachel & Lawrence H. Summers, 2019, "On Secular Stagnation in the Industrialized World," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, volume 50, issue 1 (Spring, pages 1-76.
• Luca Gambetti & Christoph Gortz & Dimitris Korobilis & John Tsoukalas & Francesco Zanetti, 2019, "The Effect of News Shocks and Monetary Policy," Discussion Papers, Department of Economics, University of Birmingham, number 19-03, Feb.
• Mite Miteski & Ana Mitreska & Mihajlo Vaskov, 2019, "The risk-taking channel of monetary policy in Macedonia: evidence from credit registry data," IFC Bulletins chapters, Bank for International Settlements, in: Bank for International Settlements, "Are post-crisis statistical initiatives completed?".
• Leonardo Gambacorta & Andrés Murcia, 2019, "The impact of macroprudential policies and their interaction with monetary policy: an empirical analysis using credit registry data," IFC Bulletins chapters, Bank for International Settlements, in: Bank for International Settlements, "Are post-crisis statistical initiatives completed?".
• Andreas Schrimpf & Vladyslav Sushko, 2019, "Beyond LIBOR: a primer on the new benchmark rates," BIS Quarterly Review, Bank for International Settlements, March.
• Torsten Ehlers & Bryan Hardy, 2019, "The evolution of OTC interest rate derivatives markets," BIS Quarterly Review, Bank for International Settlements, December.
• Pierre-Olivier Gourinchas & Hélène Rey, 2019, "Global real rates: a secular approach," BIS Working Papers, Bank for International Settlements, number 793, Jul.
• Paola Morales & Daniel Osorio & Juan Sebastian Lemus-Esquivel, 2019, "The internationalization of domestic banks and the credit channel: an empirical assessment," BIS Working Papers, Bank for International Settlements, number 801, Jul.
• Charles Engel & Feng Zhu, 2019, "Exchange rate puzzles: evidence from rigidly fixed nominal exchange rate systems," BIS Working Papers, Bank for International Settlements, number 805, Aug.
• Michael Brei & Claudio Borio, 2019, "Bank intermediation activity in a low interest rate environment," BIS Working Papers, Bank for International Settlements, number 807, Aug.
• Aaron Mehrotra & Richhild Moessner & Chang Shu Author-X-Name_First: Chang, 2019, "Interest rate spillovers from the United States: expectations, term premia and macro-financial vulnerabilities," BIS Working Papers, Bank for International Settlements, number 814, Sep.
• Phurichai Rungcharoenkitkul & Claudio Borio & Piti Disyatat Author-X-Name_First: Piti, 2019, "Monetary policy hysteresis and the financial cycle," BIS Working Papers, Bank for International Settlements, number 817, Oct.
• Andrey Sinyakov & Alexey Porshakov, 2019, "Estimates of the Natural Rate of Interest for Russia: Is 'Navigating by the Stars' Useful?," Russian Journal of Money and Finance, Bank of Russia, volume 78, issue 4, pages 3-47, December, DOI: 10.31477/rjmf.201904.03.
• Alexander Tishin, 2019, "Monetary Policy Surprises in Russia," Russian Journal of Money and Finance, Bank of Russia, volume 78, issue 4, pages 48-70, December, DOI: 10.31477/rjmf.201904.48.
• Gunther Schnabl, 2019, "China's Overinvestment and International Trade Conflicts," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, volume 27, issue 5, pages 37-62, September, DOI: 10.1111/cwe.12293.
• Philippe Aghion & Emmanuel Farhi & Enisse Kharroubi, 2019, "Monetary Policy, Product Market Competition and Growth," Economica, London School of Economics and Political Science, volume 86, issue 343, pages 431-470, July, DOI: 10.1111/ecca.12311.
• Markus Hertrich, 2019, "A Novel Housing Price Misalignment Indicator for Germany," German Economic Review, Verein für Socialpolitik, volume 20, issue 4, pages 759-794, November, DOI: 10.1111/geer.12185.
• AAlessio Reghezza & Jonathan Williams & Alessio Bongiovanni & Riccardo Santamaria, 2019, "Do Negative Interest Rates Affect Bank Risk-Taking?," Working Papers, Bangor Business School, Prifysgol Bangor University (Cymru / Wales), number 19012, May.
• Gauti B. Eggertsson & Ragnar E. Juelsrud & Lawrence H. Summers & Ella Getz Wold, 2019, "Negative nominal interest rates and the bank lending channel," Working Paper, Norges Bank, number 2019/4, Jan.
• Sven Klingler & Olav Syrstad, 2019, "Burying Libor," Working Paper, Norges Bank, number 2019/13, Aug.
• ter Ellen, Saskia & Larsen, Vegard H. & Thorsrud, Leif Anders, 2019, "Narrative monetary policy surprises and the media," Working Paper, Norges Bank, number 2019/19, Oct.
• Brubakk, Leif & ter Ellen, Saskia & Robstad, Ørjan & Xu, Hong, 2019, "The macroeconomic effects of forward communication," Working Paper, Norges Bank, number 2019/20, Nov.
• Richard Harrison & Ryland Thomas, 2019, "Monetary financing with interest-bearing money," Bank of England working papers, Bank of England, number 785, Mar.
• Kristina Bluwstein & Julieta Yung, 2019, "Back to the real economy: the effects of risk perception shocks on the term premium and bank lending," Bank of England working papers, Bank of England, number 806, Jun.
• Fergus Cumming & Lisa Dettling, 2019, "Monetary policy and birth rates: the effect of mortgage rate pass-through on fertility," Bank of England working papers, Bank of England, number 835, Dec.
• Tomohide Mineyama & Wataru Hirata & Kenji Nishizaki, 2019, "Costs and Benefits of Inflation: A Model Analysis of Japan and the U.S," Bank of Japan Research Laboratory Series, Bank of Japan, number 19-E-2, Jul.
• Toshitaka Maruyama & Kenji Suganuma, 2019, "Inflation Expectations Curve in Japan," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-6, Apr.
• Tomohide Mineyama & Wataru Hirata & Kenji Nishizaki, 2019, "Inflation and Social Welfare in a New Keynesian Model: The Case of Japan and the U.S," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-10, Jun.
• Ki Young Park & Youngjoon Lee & Soohyon Kim, 2019, "Deciphering Monetary Policy Board Minutes through Text Mining Approach: The Case of Korea," Working Papers, Economic Research Institute, Bank of Korea, number 2019-1, Jan.
• Youngjoon Lee & Soohyon Kim & Ki Young Park, 2019, "Measuring Monetary Policy Surprises Using Text Mining: The Case of Korea," Working Papers, Economic Research Institute, Bank of Korea, number 2019-11, Mar.
• Hertrich Markus, 2019, "A Novel Housing Price Misalignment Indicator for Germany," German Economic Review, De Gruyter, volume 20, issue 4, pages 759-794, December, DOI: 10.1111/geer.12185.
• Tsong Ching-Chuan & Lee Cheng-Feng & Tsai Li Ju, 2019, "A parametric stationarity test with smooth breaks," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 23, issue 2, pages 1-14, April, DOI: 10.1515/snde-2015-0091.
• Stela CIOBU & Victoria IORDACHI, 2019, "Sovereign External Debt Management In The Republic Of Moldova – Challenges And Solutions," Contemporary Economy Journal, Constantin Brancoveanu University, volume 4, issue 2, pages 92-102.
• Violeta DRAGOI & Oana-Mihaela ILIE, 2019, "Method To Fix The Price For “Your Home” Credit At Raiffeisen Bank," Contemporary Economy Journal, Constantin Brancoveanu University, volume 4, issue 3, pages 54-63.
• Faraglia, E. & Marcet, A. & Oikonomou, R. & Scott, A., 2019, "Long Term Government Bonds," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1683, Feb.
• Equiza-Goni, J. & Faraglia, E. & Oikonomou, R., 2018, "Union Debt Management," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1890, Jul.
• Newbery, D. & Pollitt, M. & Reiner, D. & Taylor, S., 2019, "Financing low-carbon generation in the UK: The hybrid RAB model," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1969, Jul.
• Lloyd, S. P. & Marin, E. A., 2019, "Exchange Rate Risk and Business Cycles," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1996, Dec.
• Joshua Brault & Hashmat Khan, 2019, "The Real Interest Rate Channel is Structural in Contemporary New-Keynesian Models," Carleton Economic Papers, Carleton University, Department of Economics, number 19-05, Jul.
• Zakipour-Saber, Shayan, 2019, "State-dependent Monetary Policy Regimes," Research Technical Papers, Central Bank of Ireland, number 4/RT/19, Apr.
• Wilson Donzwa & Rangan Gupta & Mark E. Wohar, 2019, "Volatility Spillovers between Interest Rates and Equity Markets of Developed Economies," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 8, issue 3, pages 39-50.
• Edward Gamber & John Seliski, 2019, "The Effect of Government Debt on Interest Rates: Working Paper 2019-01," Working Papers, Congressional Budget Office, number 55018, Mar.
• Michaillat, Pascal & Saez, Emmanuel, 2019, "Resolving New Keynesian Anomalies with Wealth in the Utility Function," Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz, number qt4dq7f8td, May.
• Ramey, Valerie A, 2019, "Ten Years After the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego, number qt6cd687wc, May.
• Christian Grimme, 2019, "Uncertainty and the Cost of Bank vs. Bond Finance," CESifo Working Paper Series, CESifo, number 7456.
• Lutz Kilian & Zhou Xiaoqing, 2019, "Oil Prices, Exchange Rates and Interest Rates," CESifo Working Paper Series, CESifo, number 7484.
• Xueqin Zhu & Sjak Smulders & Aart de Zeeuw, 2019, "Discounting in the Presence of Scarce Ecosystem Services," CESifo Working Paper Series, CESifo, number 7514.
• Luca Gambetti & Christoph Görtz & Dimitris Korobilis & John D. Tsoukalas & Francesco Zanetti, 2019, "The effect of news shocks and monetary policy," CESifo Working Paper Series, CESifo, number 7578.
• Michael D. Bauer & Aeimit Lakdawala & Philippe Mueller, 2019, "Market-based monetary policy uncertainty," CESifo Working Paper Series, CESifo, number 7621.
• Gunther Schnabl, 2019, "China’s overinvestment and international trade conflict," CESifo Working Paper Series, CESifo, number 7642.
• Carlo Altavilla & Luca Brugnolini & Refet S. Gürkaynak & Roberto Motto & Giuseppe Ragusa, 2019, "Measuring Euro Area Monetary Policy," CESifo Working Paper Series, CESifo, number 7699.
• Romain Houssa & Jolan Mohimont & Chris Otrok, 2019, "A Model for International Spillovers to Emerging Markets," CESifo Working Paper Series, CESifo, number 7702.
• Aaron Mehrotra & Richhild Moessner & Chang Shu, 2019, "Interest Rate Spillovers from the United States: Expectations, Term Premia and Macro-Financial Vulnerabilities," CESifo Working Paper Series, CESifo, number 7896.
• Refet S. Gürkaynak & Hatice Gökce Karasoy-Can & Sang Seok Lee, 2019, "Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect," CESifo Working Paper Series, CESifo, number 7898.
• Thomas Mayer & Gunther Schnabl, 2019, "Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?," CESifo Working Paper Series, CESifo, number 7954.
• Tsutomu Watanabe & Tomoyoshi Yabu, 2019, "How Large is the Demand for Money at the ZLB? Evidence from Japan," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-465, Sep.
• Markus K. Brunnermeier & Lunyang Huang, 2019, "A Global Safe Asset for and from Emerging Market Economies," Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile, chapter 5, in: Álvaro Aguirre & Markus Brunnermeier & Diego Saravia, "Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications".
• Andrea Berardi & Michael Markovich & Alberto Plazzi & Andrea Tamoni, 2019, "Mind the (Convergence) Gap: Bond Predictability Strikes Back!," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 19-52, Sep.
• Andrea Berardi & Alberto Plazzi, 2019, "Dissecting the Yield Curve: The International Evidence," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 19-73, Jun.
• Guglielmo Maria Caporale & Luis Gil-Alaña, 2019, "Testing the Fisher hypothesis in the G-7 countries using I(d) techniques," International Economics, CEPII research center, issue 159, pages 140-150.
• Faraglia, Elisa & Marcet, Albert & Oikonomou, Rigas & Scott, Andrew, 2019, "Government debt management: The long and the short of it," LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE), number 3086, Jan.
• Kilian, Lutz & Zhou, Xiaoqing, 2019, "Oil Prices, Exchange Rates and Interest Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13478, Jan.
• Schmeling, Maik & Wagner, Christian, 2019, "Does Central Bank Tone Move Asset Prices?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13490, Jan.
• Goodhart, Charles & Mills, Terence & Capie, Forrest, 2019, "The Slope of the Term Structure and Recessions: Evidence from the UK, 1822-2016," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13519, Feb.
• Müller, Gernot & Wolf, Martin & Hettig, Thomas, 2019, "Exchange Rate Undershooting: Evidence and Theory," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13597, Mar.
• Schrimpf, Paul & Rime, Dagfinn & Syrstad, Olav, 2019, "Covered Interest Parity Arbitrage," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13637, Mar.
• Gürkaynak, Refet & Altavilla, Carlo & Brugnolini, Luca & Motto, Roberto & Ragusa, Giuseppe, 2019, "Measuring Euro Area Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13759, May.
• Mele, Antonio & Obayashi, Yoshiki & Yang, Shihao, 2019, "The Term Structure of Government Debt Uncertainty," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13874, Jul.
• van Binsbergen, Jules & Diamond, William & Grotteria, Marco, 2019, "Risk-Free Interest Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13899, Jul.
• Gaballo, Gaetano & Ehrmann, Michael & Hoffmann, Peter & Strasser, Georg, 2019, "Can more public information raise uncertainty? The international evidence on forward guidance," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13977, Sep.
• Taylor, Alan M. & Jordà , Ã’scar, 2019, "Riders on the Storm," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13978, Sep.
• Gambacorta, Leonardo & Brei, Michael & Borio, Claudio, 2019, "Bank intermediation activity in a low interest rate environment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 13980, Sep.
• Gürkaynak, Refet & Lee, Sang Seok & Karasoy Can, Gokce, 2019, "Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14017, Sep.
• Giannetti, Mariassunta & Altavilla, Carlo & Burlon, Lorenzo & Holton, Sarah, 2019, "Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14050, Oct.
• Brzezinski, Adam & Chen, Yao & Palma, Nuno & Ward, Felix, 2022, "The vagaries of the sea: evidence on the real effects of money from maritime disasters in the Spanish Empire," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14089, May.
• Beetsma, Roel & van Spronsen, Josha, 2019, "Unconventional Monetary Policy and Auction Cycles of Eurozone Sovereign Debt," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14099, Nov.
• Chernov, Mikhail & Augustin, Patrick & Schmid, Lukas & Song, Dongho, 2019, "Benchmark interest rates when the government is risky," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14105, Nov.
• Taylor, Alan M. & Davis, Josh & Fuenzalida, Cristian, 2019, "The Natural Rate Puzzle: Global Macro Trends and the Market-Implied r," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14201, Dec.
• Schnabl, Philipp & Savov, Alexi, 2019, "How Monetary Policy Shaped the Housing Boom," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14252, Dec.
• Paul Hubert & Fabien Labondance, 2019, "Central bank tone and the dispersion of views within monetary policy committees," Working Papers, CRESE, number 2019-08, Nov.
• Pavon-Prado, David, 2019, "Have we been measuring monetary policy correctly? Analysing the Federal Reserve’s policies over the last century," IFCS - Working Papers in Economic History.WH, Universidad Carlos III de Madrid. Instituto Figuerola, number 28342, May.
• Reuven Glick, 2019, "R* and the Global Economy," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2019_013, Aug.
• Manopimoke, Pym, 2019, "The Output Euler Equation And Real Interest Rate Regimes," Macroeconomic Dynamics, Cambridge University Press, volume 23, issue 1, pages 420-447, January.
• Mostafa E. ABOELSOUD & Dimitrios PAPARAS & Azzouz ZOUAOUI & Mustafa K. KASIM, 2019, "The dynamic interrelationship between interest rate and macroeconomic policy objectives: Case of the United Kingdom," Journal of Economics and Political Economy, EconSciences Journals, volume 6, issue 4, pages 304-322, December.
• Ernest AMANKWAH & Atta Sarfo PRINCE & Alice NUBUOR, 2019, "Causal linkages among money growth, inflation and interest rates in Ghana," Journal of Economics Bibliography, EconSciences Journals, volume 6, issue 4, pages 309-339, December.
• Altavilla, Carlo & Andreeva, Desislava & Boucinha, Miguel & Holton, Sarah, 2019, "Monetary policy, credit institutions and the bank lending channel in the euro area," Occasional Paper Series, European Central Bank, number 222, May.
• Hoffmann, Peter, 2019, "Interest rate risk in the euro area," Research Bulletin, European Central Bank, volume 55.
• Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Strasser, Georg, 2019, "How to signal the future path of interest rates? The international evidence on forward guidance," Research Bulletin, European Central Bank, volume 61.
• Dalla Fontana, Silvia & Holz auf der Heide, Marco & Pelizzon, Loriana & Scheicher, Martin, 2019, "The anatomy of the euro area interest rate swap market," Working Paper Series, European Central Bank, number 2242, Feb.
• Brand, Claus & Mazelis, Falk, 2019, "Taylor-rule consistent estimates of the natural rate of interest," Working Paper Series, European Central Bank, number 2257, Mar.
• Papetti, Andrea, 2019, "Demographics and the natural real interest rate: historical and projected paths for the euro area," Working Paper Series, European Central Bank, number 2258, Mar.
• Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Strasser, Georg, 2019, "Can more public information raise uncertainty? The international evidence on forward guidance," Working Paper Series, European Central Bank, number 2263, Apr.
• Amisano, Gianni & Tristani, Oreste, 2019, "Uncertainty shocks, monetary policy and long-term interest rates," Working Paper Series, European Central Bank, number 2279, May.
• Altavilla, Carlo & Brugnolini, Luca & Gürkaynak, Refet S. & Motto, Roberto & Ragusa, Giuseppe, 2019, "Measuring euro area monetary policy," Working Paper Series, European Central Bank, number 2281, May.
• Demiralp, Selva & Eisenschmidt, Jens & Vlassopoulos, Thomas, 2019, "Negative interest rates, excess liquidity and retail deposits: banks’ reaction to unconventional monetary policy in the euro area," Working Paper Series, European Central Bank, number 2283, May.
• Altavilla, Carlo & Burlon, Lorenzo & Giannetti, Mariassunta & Holton, Sarah, 2019, "Is there a zero lower bound? The effects of negative policy rates on banks and firms," Working Paper Series, European Central Bank, number 2289, Jun.
• Eser, Fabian & Lemke, Wolfgang & Nyholm, Ken & Radde, Sören & Vladu, Andreea Liliana, 2019, "Tracing the impact of the ECB’s asset purchase programme on the yield curve," Working Paper Series, European Central Bank, number 2293, Jul.
• Thomas Galih Pramudita & Setyabudi Indartono & Maimun Sholeh, 2019, "The Antecedent of Domestic Investment in Indonesia: Auto Regressive Distributed Lag Approach," International Journal of Economics and Financial Issues, Econjournals, volume 9, issue 2, pages 138-144.
• Nazim Hajiyev & Ali Rustamov, 2019, "How Oil Price Drops are Reflected by Imported Inflation in Azerbaijan?," International Journal of Energy Economics and Policy, Econjournals, volume 9, issue 2, pages 182-193.
• Roberto J. Santill n-Salgado & Al Aali-Bujari & Francisco Venegas-Mart nez, 2019, "Is There a Reverse Causality from Nominal Financial Variables to Energy Prices?," International Journal of Energy Economics and Policy, Econjournals, volume 9, issue 3, pages 229-243.
• Jacopo Bonchi, 2019, "Asset price bubbles with low interest rates: not all bubbles are alike," Bank of Estonia Working Papers, Bank of Estonia, number wp2019-01, Jan, revised 23 Jan 2019, DOI: 10.23656/25045520/012019/0163.
• Guidolin, Massimo & Pedio, Manuela, 2019, "Forecasting and trading monetary policy effects on the riskless yield curve with regime switching Nelson–Siegel models," Journal of Economic Dynamics and Control, Elsevier, volume 107, issue C, pages 1-1, DOI: 10.1016/j.jedc.2019.103723.
• Yong, Chen & Dingming, Liu, 2019, "How does government spending news affect interest rates? Evidence from the United States," Journal of Economic Dynamics and Control, Elsevier, volume 108, issue C, DOI: 10.1016/j.jedc.2019.103747.
• Hajilee, Massomeh & Niroomand, Farhang, 2019, "On the link between financial market inclusion and trade openness: An asymmetric analysis," Economic Analysis and Policy, Elsevier, volume 62, issue C, pages 373-381, DOI: 10.1016/j.eap.2018.10.001.
• Rohit, Abhishek Kumar & Dash, Pradyumna, 2019, "Dynamics of monetary policy spillover: The role of exchange rate regimes," Economic Modelling, Elsevier, volume 77, issue C, pages 276-288, DOI: 10.1016/j.econmod.2018.09.007.
• Goczek, Łukasz & Partyka, Karol J., 2019, "Too small to be independent? On the influence of ECB monetary policy on interest rates of the EEA countries," Economic Modelling, Elsevier, volume 78, issue C, pages 180-191, DOI: 10.1016/j.econmod.2018.09.019.
• Bennouna, Hicham, 2019, "Interest rate pass-through in Morocco: Evidence from bank-level survey data," Economic Modelling, Elsevier, volume 80, issue C, pages 142-157, DOI: 10.1016/j.econmod.2018.11.003.
• Fasolo, Angelo Marsiglia, 2019, "Monetary policy volatility shocks in Brazil," Economic Modelling, Elsevier, volume 81, issue C, pages 348-360, DOI: 10.1016/j.econmod.2019.06.012.
• Mackiewicz-Łyziak, Joanna & Łyziak, Tomasz, 2019, "A new test for fiscal sustainability with endogenous sovereign bond yields: Evidence for EU economies," Economic Modelling, Elsevier, volume 82, issue C, pages 136-151, DOI: 10.1016/j.econmod.2019.01.001.
• Adewuyi, Adeolu O. & Ogebe, Joseph O., 2019, "The validity of uncovered interest parity: Evidence from african members and non-member of the organisation of petroleum exporting countries (OPEC)," Economic Modelling, Elsevier, volume 82, issue C, pages 229-249, DOI: 10.1016/j.econmod.2019.01.008.
• Lopez-Buenache, German, 2019, "The evolution of monetary policy effectiveness under macroeconomic instability," Economic Modelling, Elsevier, volume 83, issue C, pages 221-233, DOI: 10.1016/j.econmod.2019.02.012.
• Gupta, Rangan & Risse, Marian & Volkman, David A. & Wohar, Mark E., 2019, "The role of term spread and pattern changes in predicting stock returns and volatility of the United Kingdom: Evidence from a nonparametric causality-in-quantiles test using over 250 years of data," The North American Journal of Economics and Finance, Elsevier, volume 47, issue C, pages 391-405, DOI: 10.1016/j.najef.2018.05.006.
• Cafiso, Gianluca, 2019, "Sovereign bond markets when auctions take place: Evidence from Italy," The North American Journal of Economics and Finance, Elsevier, volume 47, issue C, pages 406-430, DOI: 10.1016/j.najef.2018.06.004.
• Agur, Itai & Demertzis, Maria, 2019, "Will macroprudential policy counteract monetary policy’s effects on financial stability?," The North American Journal of Economics and Finance, Elsevier, volume 48, issue C, pages 65-75, DOI: 10.1016/j.najef.2019.01.012.
• Hanes, Christopher, 2019, "Explaining the appearance of open-mouth operations in the 1990s U.S," The North American Journal of Economics and Finance, Elsevier, volume 48, issue C, pages 682-701, DOI: 10.1016/j.najef.2018.08.007.
• Ono, Sadayuki, 2019, "Term structure dynamics in a monetary economy with learning," The North American Journal of Economics and Finance, Elsevier, volume 48, issue C, pages 730-745, DOI: 10.1016/j.najef.2018.08.005.
• Stona, Filipe & Caldeira, João F., 2019, "Do U.S. factors impact the Brazilian yield curve? Evidence from a dynamic factor model," The North American Journal of Economics and Finance, Elsevier, volume 48, issue C, pages 76-89, DOI: 10.1016/j.najef.2019.01.010.
• Holmes, Mark J. & Iregui, Ana María & Otero, Jesús, 2019, "Interest rate convergence across maturities: Evidence from bank data in an emerging market economy," The North American Journal of Economics and Finance, Elsevier, volume 49, issue C, pages 57-70, DOI: 10.1016/j.najef.2019.03.008.
• Gregori, Wildmer Daniel & Sacchi, Agnese, 2019, "Has the Grexit news affected euro area financial markets?," The North American Journal of Economics and Finance, Elsevier, volume 49, issue C, pages 71-84, DOI: 10.1016/j.najef.2019.04.007.
• Miglietta, Arianna & Picillo, Cristina & Pietrunti, Mario, 2019, "The impact of margin policies on the Italian repo market," The North American Journal of Economics and Finance, Elsevier, volume 50, issue C, DOI: 10.1016/j.najef.2019.100998.
• Wang, Bin, 2019, "Measuring the natural rate of interest of China: A time varying perspective," Economics Letters, Elsevier, volume 176, issue C, pages 117-120, DOI: 10.1016/j.econlet.2019.01.011.
• Tillmann, Peter & Walter, Andreas, 2019, "The effect of diverging communication: The case of the ECB and the Bundesbank," Economics Letters, Elsevier, volume 176, issue C, pages 68-74, DOI: 10.1016/j.econlet.2018.12.035.
• Liaqat, Zara, 2019, "Does government debt crowd out capital formation? A dynamic approach using panel VAR," Economics Letters, Elsevier, volume 178, issue C, pages 86-90, DOI: 10.1016/j.econlet.2019.03.002.
• Garín, Julio & Lester, Robert & Sims, Eric & Wolff, Jonathan, 2019, "Without looking closer, it may seem cheap: Low interest rates and government borrowing," Economics Letters, Elsevier, volume 180, issue C, pages 28-32, DOI: 10.1016/j.econlet.2019.02.024.
• Rohit, Abhishek Kumar & Kumar, Ankit & Dash, Pradyumna, 2019, "Impairment of monetary autonomy: Case of “trilemma” vs. “duo”," Economics Letters, Elsevier, volume 182, issue C, pages 71-77, DOI: 10.1016/j.econlet.2019.06.007.
• Hattori, Takahiro, 2019, "Do liquidity enhancement auctions improve the market liquidity in the JGB market?," Economics Letters, Elsevier, volume 183, issue C, pages 1-1, DOI: 10.1016/j.econlet.2019.07.001.
• Sá, Ana Isabel & Jorge, José, 2019, "Does the deposits channel work under a low interest rate environment?," Economics Letters, Elsevier, volume 185, issue C, DOI: 10.1016/j.econlet.2019.108736.
• De Sola Perea, Maite & Dunne, Peter G. & Puhl, Martin & Reininger, Thomas, 2019, "Sovereign bond-backed securities: A VAR-for-VaR and marginal expected shortfall assessment," Journal of Empirical Finance, Elsevier, volume 53, issue C, pages 33-52, DOI: 10.1016/j.jempfin.2019.06.001.
• Wei, Honghong & Lahiri, Radhika, 2019, "The impact of commodity price shocks in the presence of a trading relationship: A GVAR analysis of the NAFTA," Energy Economics, Elsevier, volume 80, issue C, pages 553-569, DOI: 10.1016/j.eneco.2019.01.022.
• Afonso, António & Alves, José, 2019, "Short and long-term interest rate risk: The sovereign balance-sheet nexus," Finance Research Letters, Elsevier, volume 31, issue C, DOI: 10.1016/j.frl.2018.11.014.
• Lee, Seojin & Kim, Young Min, 2019, "Inflation expectation, monetary policy credibility, and exchange rates," Finance Research Letters, Elsevier, volume 31, issue C, DOI: 10.1016/j.frl.2018.12.006.
• Hayo, Bernd & Henseler, Kai & Rapp, Marc Steffen, 2019, "Estimating the monetary policy interest-rate-to-performance sensitivity of the European banking sector at the zero lower bound," Finance Research Letters, Elsevier, volume 31, issue C, DOI: 10.1016/j.frl.2018.12.019.
• Keister, Todd, 2019, "The interplay between liquidity regulation, monetary policy implementation and financial stability," Global Finance Journal, Elsevier, volume 39, issue C, pages 30-38, DOI: 10.1016/j.gfj.2018.01.013.
• Del Negro, Marco & Giannone, Domenico & Giannoni, Marc P. & Tambalotti, Andrea, 2019, "Global trends in interest rates," Journal of International Economics, Elsevier, volume 118, issue C, pages 248-262, DOI: 10.1016/j.jinteco.2019.01.010.
• Cieslak, Anna & Schrimpf, Andreas, 2019, "Non-monetary news in central bank communication," Journal of International Economics, Elsevier, volume 118, issue C, pages 293-315, DOI: 10.1016/j.jinteco.2019.01.012.
• Caporale, Guglielmo Maria & Gil-Alaña, Luis, 2019, "Testing the Fisher hypothesis in the G-7 countries using I(d) techniques," International Economics, Elsevier, volume 159, issue C, pages 140-150, DOI: 10.1016/j.inteco.2019.07.002.
• Apergis, Nicholas & Cooray, Arusha & Khraief, Naceur & Apergis, Iraklis, 2019, "Do gold prices respond to real interest rates? Evidence from the Bayesian Markov Switching VECM model," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 60, issue C, pages 134-148, DOI: 10.1016/j.intfin.2018.12.014.
• Cai, Michael & Del Negro, Marco & Giannoni, Marc P. & Gupta, Abhi & Li, Pearl & Moszkowski, Erica, 2019, "DSGE forecasts of the lost recovery," International Journal of Forecasting, Elsevier, volume 35, issue 4, pages 1770-1789, DOI: 10.1016/j.ijforecast.2018.12.001.
• Bulusu, Narayan & Guérin, Pierre, 2019, "What drives interbank loans? Evidence from Canada," Journal of Banking & Finance, Elsevier, volume 106, issue C, pages 427-444, DOI: 10.1016/j.jbankfin.2019.07.016.
• Byrne, Joseph P. & Cao, Shuo & Korobilis, Dimitris, 2019, "Decomposing global yield curve co-movement," Journal of Banking & Finance, Elsevier, volume 106, issue C, pages 500-513, DOI: 10.1016/j.jbankfin.2019.07.018.
• Dufour, Alfonso & Marra, Miriam & Sangiorgi, Ivan, 2019, "Determinants of intraday dynamics and collateral selection in centrally cleared and bilateral repos," Journal of Banking & Finance, Elsevier, volume 107, issue C, pages 1-1, DOI: 10.1016/j.jbankfin.2019.105610.
• Molyneux, Philip & Reghezza, Alessio & Xie, Ru, 2019, "Bank margins and profits in a world of negative rates," Journal of Banking & Finance, Elsevier, volume 107, issue C, pages 1-1, DOI: 10.1016/j.jbankfin.2019.105613.
• Duarte, Diogo & Saporito, Yuri F., 2019, "Endogenous asymmetric money illusion," Journal of Banking & Finance, Elsevier, volume 109, issue C, DOI: 10.1016/j.jbankfin.2019.105681.
• Krustev, Georgi, 2019, "The natural rate of interest and the financial cycle," Journal of Economic Behavior & Organization, Elsevier, volume 162, issue C, pages 193-210, DOI: 10.1016/j.jebo.2018.12.024.
• Zhu, Xueqin & Smulders, Sjak & de Zeeuw, Aart, 2019, "Discounting in the presence of scarce ecosystem services," Journal of Environmental Economics and Management, Elsevier, volume 98, issue C, DOI: 10.1016/j.jeem.2019.102272.
• Altermatt, Lukas, 2019, "Savings, asset scarcity, and monetary policy," Journal of Economic Theory, Elsevier, volume 182, issue C, pages 329-359, DOI: 10.1016/j.jet.2019.04.004.
• Albagli, Elias & Ceballos, Luis & Claro, Sebastian & Romero, Damian, 2019, "Channels of US monetary policy spillovers to international bond markets," Journal of Financial Economics, Elsevier, volume 134, issue 2, pages 447-473, DOI: 10.1016/j.jfineco.2019.04.007.
• Shi, Zhan, 2019, "Time-varying ambiguity, credit spreads, and the levered equity premium," Journal of Financial Economics, Elsevier, volume 134, issue 3, pages 617-646, DOI: 10.1016/j.jfineco.2019.04.013.
• King, Thomas B., 2019, "Expectation and duration at the effective lower bound," Journal of Financial Economics, Elsevier, volume 134, issue 3, pages 736-760, DOI: 10.1016/j.jfineco.2019.05.009.
• Illes, Anamaria & Lombardi, Marco J. & Mizen, Paul, 2019, "The divergence of bank lending rates from policy rates after the financial crisis: The role of bank funding costs," Journal of International Money and Finance, Elsevier, volume 93, issue C, pages 117-141, DOI: 10.1016/j.jimonfin.2019.01.003.
• Reyes-Heroles, Ricardo & Tenorio, Gabriel, 2019, "Regime-switching in emerging market business cycles: Interest rate volatility and sudden stops," Journal of International Money and Finance, Elsevier, volume 93, issue C, pages 81-100, DOI: 10.1016/j.jimonfin.2018.12.012.
• Beyer, Robert C.M. & Wieland, Volker, 2019, "Instability, imprecision and inconsistent use of equilibrium real interest rate estimates," Journal of International Money and Finance, Elsevier, volume 94, issue C, pages 1-14, DOI: 10.1016/j.jimonfin.2019.01.005.
• Ambler, Steve & Rumler, Fabio, 2019, "The effectiveness of unconventional monetary policy announcements in the euro area: An event and econometric study," Journal of International Money and Finance, Elsevier, volume 94, issue C, pages 48-61, DOI: 10.1016/j.jimonfin.2019.02.007.
• Boucher, Christophe & Tokpavi, Sessi, 2019, "Stocks and bonds: Flight-to-safety for ever?," Journal of International Money and Finance, Elsevier, volume 95, issue C, pages 27-43, DOI: 10.1016/j.jimonfin.2019.03.002.
• Berg, Kimberly A. & Mark, Nelson C., 2019, "Where’s the Risk? The Forward Premium Bias, the Carry-Trade Premium, and Risk-Reversals in General Equilibrium," Journal of International Money and Finance, Elsevier, volume 95, issue C, pages 297-316, DOI: 10.1016/j.jimonfin.2018.03.011.
• Cao, Shuo & Huang, Huichou & Liu, Ruirui & MacDonald, Ronald, 2019, "The term structure of exchange rate predictability: Commonality, scapegoat, and disagreement," Journal of International Money and Finance, Elsevier, volume 95, issue C, pages 379-401, DOI: 10.1016/j.jimonfin.2018.03.013.
• Gondo, Rocío & Vega, Marco, 2019, "The dynamics of investment projects: Evidence from Peru," Journal of International Money and Finance, Elsevier, volume 96, issue C, pages 324-340, DOI: 10.1016/j.jimonfin.2017.07.007.
• Brei, Michael & Moreno, Ramon, 2019, "Reserve requirements and capital flows in Latin America," Journal of International Money and Finance, Elsevier, volume 99, issue C, DOI: 10.1016/j.jimonfin.2019.102079.
• Neri, Stefano & Gerali, Andrea, 2019, "Natural rates across the Atlantic," Journal of Macroeconomics, Elsevier, volume 62, issue C, DOI: 10.1016/j.jmacro.2018.04.007.
• Bishnu, Monisankar & Guo, Nick L. & Kumru, Cagri S., 2019, "Social security with differential mortality," Journal of Macroeconomics, Elsevier, volume 62, issue C, DOI: 10.1016/j.jmacro.2018.11.005.
• Caldas Montes, Gabriel & Ferrari Ferreira, Caio, 2019, "Effect of monetary policy credibility on the fear of floating: Evidence from Brazil," Journal of Policy Modeling, Elsevier, volume 41, issue 5, pages 981-1004, DOI: 10.1016/j.jpolmod.2019.03.008.
• Burlon, Lorenzo & Notarpietro, Alessandro & Pisani, Massimiliano, 2019, "Macroeconomic effects of an open-ended asset purchase programme," Journal of Policy Modeling, Elsevier, volume 41, issue 6, pages 1144-1159, DOI: 10.1016/j.jpolmod.2019.03.005.
• Dong, Feng & Wen, Yi, 2019, "Long and Plosser meet Bewley and Lucas," Journal of Monetary Economics, Elsevier, volume 102, issue C, pages 70-92, DOI: 10.1016/j.jmoneco.2019.01.025.
• Lenel, Moritz & Piazzesi, Monika & Schneider, Martin, 2019, "The short rate disconnect in a monetary economy," Journal of Monetary Economics, Elsevier, volume 106, issue C, pages 59-77, DOI: 10.1016/j.jmoneco.2019.07.008.
• Campbell, Jeffrey R., 2019, "Comment on “Can more public information raise uncertainty? The international evidence on forward guidance” by Michael Ehrmann, Gaetano Gaballo, Peter Hoffmann and Georg Strasser," Journal of Monetary Economics, Elsevier, volume 108, issue C, pages 113-117, DOI: 10.1016/j.jmoneco.2019.09.016.
• Altavilla, Carlo & Brugnolini, Luca & Gürkaynak, Refet S. & Motto, Roberto & Ragusa, Giuseppe, 2019, "Measuring euro area monetary policy," Journal of Monetary Economics, Elsevier, volume 108, issue C, pages 162-179, DOI: 10.1016/j.jmoneco.2019.08.016.
• Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Strasser, Georg, 2019, "Can more public information raise uncertainty? The international evidence on forward guidance," Journal of Monetary Economics, Elsevier, volume 108, issue C, pages 93-112, DOI: 10.1016/j.jmoneco.2019.08.012.

2018

• Jacinta C. Nwachukwu & Aqsa Aziz & Uchenna Tony-Okeke & Simplice A. Asongu, 2018, "The determinants of interest rates in microfinance: age, scale and organisational charter," Research Africa Network Working Papers, Research Africa Network (RAN), number 18/006, Jan.
• Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2018, "Monetary Policy According to HANK," American Economic Review, American Economic Association, volume 108, issue 3, pages 697-743, March.
• Guillaume Rocheteau & Randall Wright & Cathy Zhang, 2018, "Corporate Finance and Monetary Policy," American Economic Review, American Economic Association, volume 108, issue 4-5, pages 1147-1186, April.
• Marina Halac & Pierre Yared, 2018, "Fiscal Rules and Discretion in a World Economy," American Economic Review, American Economic Association, volume 108, issue 8, pages 2305-2334, August.
• Javier Bianchi & Juan Carlos Hatchondo & Leonardo Martinez, 2018, "International Reserves and Rollover Risk," American Economic Review, American Economic Association, volume 108, issue 9, pages 2629-2670, September.
• Matthew Rognlie & Andrei Shleifer & Alp Simsek, 2018, "Investment Hangover and the Great Recession," American Economic Journal: Macroeconomics, American Economic Association, volume 10, issue 2, pages 113-153, April.
• Wataru Miyamoto & Thuy Lan Nguyen & Dmitriy Sergeyev, 2018, "Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan," American Economic Journal: Macroeconomics, American Economic Association, volume 10, issue 3, pages 247-277, July.
• Stephen D. Williamson, 2018, "Low Real Interest Rates, Collateral Misrepresentation, and Monetary Policy," American Economic Journal: Macroeconomics, American Economic Association, volume 10, issue 4, pages 202-233, October.
• Ricardo J. Caballero & Alp Simsek, 2018, "Reach for Yield and Fickle Capital Flows," AEA Papers and Proceedings, American Economic Association, volume 108, pages 493-498, May.