Research classified by Journal of Economic Literature (JEL) codes

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Top JEL
/ E: Macroeconomics and Monetary Economics
/ / E5: Monetary Policy, Central Banking, and the Supply of Money and Credit
/ / / E52: Monetary Policy

2025

• Bilbiie, Florin & Galaasen, Sigurd & Gürkaynak, Refet & Maehlum, Mathis & Molnar, Krisztina, 2025, "Hanksson," CEPR Discussion Papers, Centre for Economic Policy Research, number 20090, Mar.
• Ricco, Giovanni & Savini, Emanuele, 2025, "Decomposing Monetary Policy Surprises: Shock, Information, and Policy Rule Revision," CEPR Discussion Papers, Centre for Economic Policy Research, number 20166, Apr.
• Eichenbaum, Martin & Puglisi, Federico & Rebelo, Sergio & Trabandt, Mathias, 2025, "Banks and the State-Dependent Effects of Monetary Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 20167, Apr.
• Gödl-Hanisch, Isabel & Pandolfo, Jordan, 2025, "Monetary Policy Transmission, Bank Market Power, and Income Source," CEPR Discussion Papers, Centre for Economic Policy Research, number 20180, Apr.
• Adalid, Ramon & Ferrari, Alessandro & Hannon, Andrew & Lane, Philip & Velasco, Sofia, 2025, "Modern Monetary Analysis," CEPR Discussion Papers, Centre for Economic Policy Research, number 20182, Apr.
• Altavilla, Carlo & Gürkaynak, Refet & Kind, Thilo & Laeven, Luc, 2025, "Monetary Transmission with Frequent Policy Events," CEPR Discussion Papers, Centre for Economic Policy Research, number 20196, May.
• Hoffmann, Mathias & Moench, Emanuel & Pavlova, Lora & Schultefrankenfeld, Guido, 2025, "A KISS for Central Bank Communication in Times of High Inflation," CEPR Discussion Papers, Centre for Economic Policy Research, number 20213, May.
• Profitis, Romanos & Schoenle, Raphael, 2025, "Fiscal and Macroprudential Policies During an Energy Crisis," CEPR Discussion Papers, Centre for Economic Policy Research, number 20215, May.
• Kolasa, Marcin & Laseen, Stefan & Lindé, Jesper, 2025, "Unconventional Monetary Policies in Small Open Economies," CEPR Discussion Papers, Centre for Economic Policy Research, number 20223, May.
• Forbes, Kristin & Ha, Jongrim & Kose, M. Ayhan, 2025, "Tradeoffs over Rate Cycles: Activity, Inflation and the Price Level," CEPR Discussion Papers, Centre for Economic Policy Research, number 20240, May.
• Eichenbaum, Martin & Trabandt, Mathias & Rebelo, Sergio & Puglisi, Federico, 2025, "Banks and the State-Dependent Effects of Monetary Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 20247, May.
• Stavrakeva, Vania & Tang, Jenny, 2025, "Individual Beliefs, Demand for Currency, and Exchange Rate Dynamics," CEPR Discussion Papers, Centre for Economic Policy Research, number 20321, Jun.
• Broer, Tobias & Kramer, John & Mitman, Kurt, 2025, "The Distributional Effects of Oil Shocks," CEPR Discussion Papers, Centre for Economic Policy Research, number 20345, Jun.
• Core, Fabrizio & De Marco, Filippo & Eisert, Tim & Schepens, Glenn, 2025, "Inflation and Floating-Rate Loans: Evidence from the Euro-Area," CEPR Discussion Papers, Centre for Economic Policy Research, number 20354, Jun.
• Caballero, Ricardo & Caravello, Tomás & Simsek, Alp, 2025, "FCI-star," CEPR Discussion Papers, Centre for Economic Policy Research, number 20362, Jun.
• Hedlund, Aaron & Larkin, Kieran & Mitman, Kurt & Ozkan, Serdar, 2025, "Mortgage Market Structure and the Transmission of Monetary Policy During the Great Inflation," CEPR Discussion Papers, Centre for Economic Policy Research, number 20364, Jun.
• Rachel, Å ukasz & Ravn, Morten, 2025, "Brothers in Arms: Monetary-Fiscal Interactions Without Ricardian Equivalence," CEPR Discussion Papers, Centre for Economic Policy Research, number 20445, Jul.
• Conrad, Christian & Enders, Zeno & Müller, Gernot, 2025, "Inflation Forecast Targeting Revisited," CEPR Discussion Papers, Centre for Economic Policy Research, number 20467, Jul.
• Ascari, Guido & Carrier, Alexandre & Gasteiger, Emanuel & Grimaud, Alex & Vermandel, Gauthier, 2025, "Monetary Policy in the Euro Area, when Phillips Curves ... are Curves," CEPR Discussion Papers, Centre for Economic Policy Research, number 20489, Jul.
• Nielsson, Ulf & Rangvid, Jesper Rangvid & Saidi, Farzad & Seyrich, Fabian & Streitz, Daniel, 2025, "The Exchange Rate Between Monetary and Fiscal Policy: What Is an Interest Rate Cut Worth?," CEPR Discussion Papers, Centre for Economic Policy Research, number 20499, Jul.
• Basten, Christoph & Juelsrud, Ragnar, 2025, "Monetary Policy Transmission through Cross-Selling Banks," CEPR Discussion Papers, Centre for Economic Policy Research, number 20507, Jul.
• Castillo-Martinez, Laura, 2025, "Sudden Stops, Productivity, and the Exchange Rate," CEPR Discussion Papers, Centre for Economic Policy Research, number 20555, Aug.
• Bofinger, Peter, 2025, "Stablecoins and the Future of Money: Economic Principles and Policy Implications," CEPR Discussion Papers, Centre for Economic Policy Research, number 20583, Aug.
• Cirelli, Fernando & Olafsson, Arna, 2025, "What Makes Depositors Tick? Bank Data Insights into Households’ Liquid Asset Allocation," CEPR Discussion Papers, Centre for Economic Policy Research, number 20612, Sep.
• Djourelova, Milena & Ferroni, Filippo & Melosi, Leonardo & Villa, Alessandro, 2025, "One Fed, Many Voices: Coordinated Communication vs. Transparent Debate," CEPR Discussion Papers, Centre for Economic Policy Research, number 20636, Sep.
• Kara, A. Hakan & Simsek, Alp, 2025, "Türkiye's Homemade Crises," CEPR Discussion Papers, Centre for Economic Policy Research, number 20647, Sep.
• Marcellino, Massimiliano & Tornese, Tommaso, 2025, "An Empirical Investigation of the Effects of Monetary Policy Shocks on the Italian Economy," CEPR Discussion Papers, Centre for Economic Policy Research, number 20661, Sep.
• Caballero, Ricardo & Simsek, Alp, 2025, "FCI-Plot: Central Bank Communication Through Financial Conditions," CEPR Discussion Papers, Centre for Economic Policy Research, number 20680, Sep.
• Best, Lea & Born, Benjamin & Menkhoff, Manuel, 2025, "The Impact of Interest: Firms' Investment Sensitivity to Interest Rates," CEPR Discussion Papers, Centre for Economic Policy Research, number 20695, Sep.
• Barthélemy, Jean & Mengus, Eric & Plantin, Guillaume, 2025, "A State Theory of Price Levels," CEPR Discussion Papers, Centre for Economic Policy Research, number 20716, Oct.
• Georgarakos, Dimitris & Kenny, Geoff & Meyer, Justus & van Rooij, Maarten, 2025, "How Do Rising Temperatures Affect Inflation Expectations?," CEPR Discussion Papers, Centre for Economic Policy Research, number 20717, Oct.
• Gáti, Laura & Handlan, Amy, 2025, "Reputation for Confidence," CEPR Discussion Papers, Centre for Economic Policy Research, number 20734, Oct.
• Bilbiie, Florin & Hanks, Fergal & Lavender, Sean, 2025, "Complementarity, Heterogeneity, and Multipliers: Utility for HANK," CEPR Discussion Papers, Centre for Economic Policy Research, number 20804, Nov.
• Conesa Martinez, Marina & Kasekende, Elizabeth N. & Li, Nan & Mugume, Adam & Samuel Namwanja, Musoke & Okou, Cedric & Presbitero, Andrea, 2025, "Monetary Policy Transmission to Household Credit: Evidence from Uganda's Credit Registry Data," CEPR Discussion Papers, Centre for Economic Policy Research, number 20839, Nov.
• De Jonghe, Olivier & Benkovskis, Konstantins & Bielskis, Karolis & Bonfim, Diana & Bottero, Margherita & Briglevics, Tamás & Cesnak, Martin & Dirma, Mantas & Emiris, Marina & Filep-Mostberger, Palma , 2025, "Household Borrowing and Monetary Policy Transmission: Post-Pandemic Insights from Nine European Credit Registers," CEPR Discussion Papers, Centre for Economic Policy Research, number 20928, Dec.
• Miranda-Agrippino, Silvia & Nenova, Tsvetelina & Rey, Hélène, 2025, "The Ins & Outs of Chinese Monetary Policy Transmission," CEPR Discussion Papers, Centre for Economic Policy Research, number 20958, Dec.
• Winberry, Thomas & Auclert, Adrien & Rognlie, Matthew & Straub, Ludwig, 2025, "New Keynesian Economics with Household and Firm Heterogeneity," CEPR Discussion Papers, Centre for Economic Policy Research, number 20976, Dec.
• Christophe Blot & Paul Hubert & Fabien Labondance, 2025, "Dissent in Monetary Policy Decisions: Effects, Channels and Implications," Working Papers, CRESE, number 2025-07, May.
• Rasmus Landersø & Kristian B. Karlson, 2025, "Intergenerational Educational Mobility among Immigrants and Descendants in Denmark: The Role of Sample Selectivity and Data Quality," RFBerlin Discussion Paper Series, ROCKWOOL Foundation Berlin (RFBerlin), number 25115, Nov.
• Alloza, Mario & Gonzalo, Jesús & Sanz, Carlos, 2025, "Dynamic effects of persistent shocks," UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía, number 45381, Jan.
• Xiaojun Bu & Gaowang Wang, 2025, "Optimal Fiscal and Monetary Policy in Economies With Capital," Annals of Economics and Finance, Society for AEF, volume 26, issue 1, pages 177-211, May.
• Refk Selmi, 2025, "Changes in Inflation Expectations and Firm Performance during Recent Global Economic Shocks," Annals of Economics and Finance, Society for AEF, volume 26, issue 2, pages 731-764, November.
• Ida, Daisuke & Kaminoyama, Kenichi, 2025, "Effect of a cost channel on monetary policy transmission in a behavioral new Keynesian model," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Gomes, Sandra & Jacquinot, Pascal & Lozej, Matija, 2025, "A single monetary policy for heterogeneous labour markets: the case of the euro area," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Okano, Mitsuhiro, 2025, "Optimal monetary policy in a two-country New Keynesian model with deep consumption habits," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Barrette, Christophe & Paquet, Alain, 2025, "Shocking the economy from 1967 up to 2023: reinforcing the relevance of Divisia money in US monetary policy," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Bordo, Michael D. & Duca, John V. & Jones, Barry E., 2025, "Broad Divisia money, supply pressures, and U.S. inflation following the COVID-19 recession," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Dąbrowski, Marek A. & Janus, Jakub & Mucha, Krystian, 2025, "Shades of inflation targeting: insights from fractional integration," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Barnett, William A. & Park, Hyun, 2025, "Nonseparability of credit card services within Divisia monetary aggregates," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Okano, Eiji & Inagaki, Kazuyuki, 2025, "Understanding the gains from wage flexibility in a currency union: a fiscal policy connection," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Gillman, Max & Csabafi, Tamás Z. & Benk, Szilárd & Mátyás, László & Smith, Mitchell P. & Harris, Mark N., 2025, "Revisiting Neoclassical Growth Theory: A Primary Role for Inflation and Capacity Utilization," Corvinus Economics Working Papers (CEWP), Corvinus University of Budapest, number 2025/03, Oct.
• Ginny YANG, 2025, "Prominent Economists’ views: China’s exchange rate - fixed or floating?," Turkish Economic Review, EconSciences Journals, volume 12, issue 1, pages 1-25, March.
• Malik Khan BAHADA, 2025, "The stability of money demand in Bangladesh: Assessing the long- and short-run impact of macroeconomic policy and dual demographics," Journal of Social and Administrative Sciences, EconSciences Journals, volume 12, issue 2, pages 31-41, June.
• Jullian O. TAMARA, 2025, "A decade of unconventionality: The long-term impact of the Federal Reserve's large-scale asset purchases (2008-Present) on major financial markets," Journal of Economics Library, EconSciences Journals, volume 12, issue 3, pages 116-147, September.
• Lamine Chibawe & Dr. Lubinda Haabazoka, 2025, "A Study of the Factors Influencing Bank Loan Performance in Zambian Commercial Banks," African Journal of Commercial Studies, African Journal of Commercial Studies, volume 6, issue 2, DOI: 10.59413/ajocs/v6.i2.16.
• Hyunduk Suh & Nathaniel A. Throckmorton, 2025, "Low Fertility and the Fiscal Limit: Inflation Possibilities in East Asia," Working Papers, Economics Department, William & Mary, number 171, Jul, DOI: 10.21220/GH09-1662.
• Gustav Horn & Thomas Gehrig & Doris Neuberger & Patrick Kaczmarczyk, 2025, "Geopolitische Risiken: Was ändert sich für Deutschland und Europa?," Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, Duncker & Humblot, Berlin, volume 2, issue 1, pages 117-147, DOI: 10.3790/vaw.2.1.117.
• Kerstin Bernoth, 2025, "Analyzing ECB Communications Improves Forecasting of Interest Rate Decisions," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, volume 15, issue 16/17, pages 99-105.
• Kerstin Bernoth, 2025, "Analyse der EZB-Kommunikation verbessert Prognose von Zinsentscheidungen," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, volume 92, issue 16/17, pages 237-244.
• Frederik Kurcz, 2025, "Quantifying the Fiscal Channel of Monetary Policy," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2109.
• Kerstin Bernoth, 2025, "Dovish Coos or Hawkish Screech? From Central Bank Talk to Economic Walk," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2137.
• Vanessa Schmidt & Hannah Magdalena Seidl, 2025, "Aggregate Lending Standards and Inequality," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2140.
• Hannah Magdalena Seidl, 2025, "The House Price Channel of Quantitative Easing," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2141.
• Jonas D. M. Fisher & Leonardo Melosi & Sebastian Rast, 2025, "Long-Run Inflation Expectations," Working Papers, DNB, number 829, Mar.
• Jan Kakes & Tom Hudepohl & Casper de Haes, 2025, "The local supply effect of asset purchases: evidence from the Eurosystem's CSPP," Working Papers, DNB, number 837, Jun.
• Dimitris Georgarakos & Geoff Kenny & Justus Meyer & Maarten van Rooij, 2025, "How do rising temperatures affect inflation expectations?," Working Papers, DNB, number 843, Oct.
• Natalie Kessler & Poramapa Poonpakdee, 2025, "The Role of Ambiguity in the Monetary Policy Transmissions: Evidence from the European Repo Market," Working Papers, DNB, number 847, Nov.
• David Worms, 2025, "Predictability of Monetary Policy Surprises and Euro Area Macroeconomic DynamicsÂ," Working Papers, DNB, number 850, Dec.
• Kosuke Aoki & Alan Auerbach & Charles Yuji Horioka & Anil Kashyap & Tsutomu Watanabe & David Weinstein, 2025, "Takatoshi Ito: Scholarship on Japan’s Economy Transformed," ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka, number 1298, Nov.
• Jean-Guillaume Sahuc & Frank Smets & Gauthier Vermandel, 2025, "The New Keynesian Climate Model," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-1.
• Lorenzo Garlanda-Longueville, 2025, "The Effects of Monetary Policy on Cross-Border Banking between China and Hong Kong," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-16.
• Nicolas de Roux & Laurent Ferrara, 2025, "Capturing international influences in U.S. monetary policy through a NLP approach," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-23.
• Christophe Blot & Paul Hubert & Fabien Labondance, 2025, "Dissent in Monetary Policy Decisions: Effects, Channels and Implications," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-31.
• Dudley Cooke & Tatiana Damjanovic, 2025, "Optimal Macroprudential Policy and Bank Capital in Open Economies," Department of Economics Working Papers, Durham University, Department of Economics, number 2025_04, Nov.
• Steinbach, Armin & Sarferaz, Samad & Mikosch, Heiner & Dibiasi, Andreas, 2025, "Fiscal Responses to Monetary Policy: Insights From a Survey of Government Officials," HEC Research Papers Series, HEC Paris, number 1594, Nov, DOI: https://dx.doi.org/10.2139/ssrn.573.
• Mengus, Eric & Mönch, Emanuel & Gautier, Erwan & Andrade, Philippe, 2025, "Household Beliefs about Fiscal Dominance," HEC Research Papers Series, HEC Paris, number 1603, Mar, revised 25 Mar 2025, DOI: 10.2139/ssrn.5192275.
• Dibiasi, Andreas & Mikosch, Heiner & Sarferaz, Samad & Steinbach, Armin, 2025, "Fiscal Responses to Monetary Policy: Insights From a Survey of Government Officials," HEC Research Papers Series, HEC Paris, number 1629, Nov, DOI: 10.2139/ssrn.5737798.
• Baptista, Pedro & Dossche, Maarten & Hannon, Andrew & Henricot, Dorian & Kouvavas, Omiros & Malacrino, Davide & Zimmermann, Larissa, 2025, "The transmission of monetary policy: from mortgage rates to consumption," Economic Bulletin Articles, European Central Bank, volume 4.
• Noguera, Neus Dausà i & Kocharkov, Georgi & Kouvavas, Omiros, 2025, "The 2021-23 high inflation episode and inequality: insights from the Consumer Expectations Survey," Economic Bulletin Articles, European Central Bank, volume 7.
• Akkaya, Yıldız & Bitter, Lea & Grasso, Adriana & Cabaco, Brian Amorim, 2025, "From press conferences to speeches: the impact of the ECB’s monetary policy communication," Economic Bulletin Boxes, European Central Bank, volume 1.
• Brand, Claus & Lisack, Noëmie & Mazelis, Falk, 2025, "Natural rate estimates for the euro area: insights, uncertainties and shortcomings," Economic Bulletin Boxes, European Central Bank, volume 1.
• Martínez Hernández, Catalina & Porqueddu, Mario & Bayarri, Blanca Prat I & Gandur, Lourdes Maria Zulli, 2025, "Understanding the relative development of goods and services inflation," Economic Bulletin Boxes, European Central Bank, volume 2.
• Dimou, Maria & Ferrando, Annalisa & Köhler-Ulbrich, Petra & Rariga, Judit, 2025, "Insights from banks and firms on euro area credit conditions: a comparison based on ECB surveys," Economic Bulletin Boxes, European Central Bank, volume 2.
• Bieber, Samuel & Tsonchev, Vladimir, 2025, "Liquidity conditions and monetary policy operations from 23 October 2024 to 4 February 2025," Economic Bulletin Boxes, European Central Bank, volume 2.
• Ferrando, Annalisa & Lamboglia, Sara & Rariga, Judit, 2025, "Determinants of inflation expectations of firms in the SAFE," Economic Bulletin Boxes, European Central Bank, volume 4.
• Bieber, Samuel & Nguyen, Anne-Lise, 2025, "Liquidity conditions and monetary policy operations from 5 February to 22 April 2025," Economic Bulletin Boxes, European Central Bank, volume 4.
• Bieber, Samuel & Tsonchev, Vladimir, 2025, "Liquidity conditions and monetary policy operations from 23 April to 29 July 2025," Economic Bulletin Boxes, European Central Bank, volume 6.
• Henricot, Dorian & Pöschl, Johannes & Tsiortas, Athanasios, 2025, "The heterogenous transmission of monetary policy to household credit," Economic Bulletin Boxes, European Central Bank, volume 7.
• Allayioti, Anastasia & Fagandini, Bruno & Gόrnicka, Lucyna & Martínez Hernández, Catalina, 2025, "Monetary policy pass-through to goods and services inflation: a granular perspective," Economic Bulletin Boxes, European Central Bank, volume 8.
• Schneider, Yannik & Tötterman, Kristian, 2025, "Liquidity conditions and monetary policy operations from 24 July to 22 October 2024," Economic Bulletin Boxes, European Central Bank, volume 8.
• Barbiero, Francesca & Ferrari, Alessandro & Maruhn, Franziska, 2025, "TLTRO III phase-out and bank lending conditions," Economic Bulletin Boxes, European Central Bank, volume 8.
• Detken, Carsten & Hempell, Hannah S. & Pirovano, Mara, 2025, "Macroprudential and monetary policy interaction: the role of early activation of the countercyclical capital buffer," Macroprudential Bulletin, European Central Bank, volume 31.
• Bobasu, Alina & Ciccarelli, Matteo & Notarpietro, Alessandro & Ambrocio, Gene & Auer, Simone & Bonfim, Diana & Bottero, Margherita & Brázdik, František & Buss, Ginters & Byrne, David & Casalis, André , 2025, "Monetary policy transmission: a reference guide through ESCB models and empirical benchmarks," Occasional Paper Series, European Central Bank, number 377, Nov.
• Angelini, Elena & Darracq Pariès, Matthieu & Haertel, Thomas & Lalik, Magdalena & Aldama, Pierre & Brázdik, František & Damjanović, Milan & Fantino, Davide & Sanchez, Pablo Garcia & Guarda, Paolo & Ke, 2025, "The ESCB forecasting models: what are they and what are they good for?," Occasional Paper Series, European Central Bank, number 381, Dec.
• Bobasu, Alina & Repele, Amalia, 2025, "Effects of monetary policy on labour income: the role of the employer," Research Bulletin, European Central Bank, volume 129.
• Vilerts, Kārlis & Anyfantaki, Sofia & Benkovskis, Konstantins & Bredl, Sebastian & Giovannini, Massimo & Horky, Florian Matthias & Kunzmann, Vanessa & Lalinsky, Tibor & Lampousis, Athanasios & Lukmano, 2025, "Details matter – how loan pricing affects monetary policy transmission in the euro area," Research Bulletin, European Central Bank, volume 135.
• Basten, Christoph & Juelsrud, Ragnar, 2025, "Monetary policy transmission through cross-selling banks," Research Bulletin, European Central Bank, volume 136.
• Corradin, Stefano & Fontana, Alessandro & Kubitza, Christian & Maddaloni, Angela, 2025, "The complex linkages between euro area insurers and sovereign bond markets," Research Bulletin, European Central Bank, volume 137.
• Burlon, Lorenzo & Ferrari, Alessandro & Kho, Stephen & Tushteva, Nikoleta, 2025, "Why gradual and predictable? Bank lending during the sharpest quantitative tightening ever," Working Paper Series, European Central Bank, number 3010, Jan.
• Grasso, Adriana & Poinelli, Andrea, 2025, "Flexible asset purchases and repo market functioning," Working Paper Series, European Central Bank, number 3013, Jan.
• Steininger, Lea & Matzner, Anna, 2025, "Monetary policy and the firm-level labor share: a story about capital," Working Paper Series, European Central Bank, number 3024, Feb.
• Bandoni, Emil & De Nora, Giorgia & Giuzio, Margherita & Ryan, Ellen & Storz, Manuela, 2025, "Institutional investors and house prices," Working Paper Series, European Central Bank, number 3026, Feb.
• Petrella, Ivan & De Polis, Andrea & Melosi, Leonardo, 2025, "The taming of the skew: asymmetric inflation risk and monetary policy," Working Paper Series, European Central Bank, number 3028, Feb.
• Priftis, Romanos & Schoenle, Raphael, 2025, "Fiscal and macroprudential policies during an energy crisis," Working Paper Series, European Central Bank, number 3032, Feb.
• Dupraz, Stéphane & Rogantini Picco, Anna, 2025, "Fiscal requirements for price stability when households are not Ricardian," Working Paper Series, European Central Bank, number 3038, Mar.
• Hempell, Hannah S. & Rancoita, Elena & Coi, Claudio Corte & Dadoukis, Aristeidis, 2025, "TLTRO III and banks' loan book rebalancing during the pandemic: less 'targeted' than intended for some?," Working Paper Series, European Central Bank, number 3040, Mar.
• Bobasu, Alina & Repele, Amalia, 2025, "Effects of monetary policy on labor income: the role of the employer," Working Paper Series, European Central Bank, number 3046, Mar.
• Holm-Hadulla, Fédéric & Pool, Sebastiaan, 2025, "Interest rate control and the transmission of monetary policy," Working Paper Series, European Central Bank, number 3048, Apr.
• Palligkinis, Spyros, 2025, "Bank lending rates and the riskiness of euro area household loans," Working Paper Series, European Central Bank, number 3053, May.
• Lang, Jan Hannes & Rusnák, Marek & Herbst, Tobias, 2025, "The impact of monetary policy and macroprudential policy on corporate lending rates in the Euro area," Working Paper Series, European Central Bank, number 3057, May.
• Ferrando, Annalisa & Mulier, Klaas & Ongena, Steven & Delis, Manthos, 2025, "The poor, the rich, and the credit channel of monetary policy," Working Paper Series, European Central Bank, number 3058, May.
• Buchetti, Bruno & Miquel-Flores, Ixart & Fabrizi, Michele & Ipino, Elisabetta & Parbonetti, Antonio, 2025, "Organized crime and banks: assessing the effects of anti-mafia police actions on lending," Working Paper Series, European Central Bank, number 3060, Jun.
• De Nora, Giorgia & Pereira, Ana & Pirovano, Mara & Stammwitz, Florian, 2025, "From losses to buffer - calibrating the positive neutral CCyB rate in the euro area," Working Paper Series, European Central Bank, number 3061, Jun.
• Schepens, Glenn & Core, Fabrizio & De Marco, Filippo & Eisert, Tim, 2025, "Inflation and floating-rate loans: evidence from the euro-area," Working Paper Series, European Central Bank, number 3064, Jun.
• d'Avernas, Adrien & Vandeweyer, Quentin & Petersen, Damon, 2025, "The central bank’s balance sheet and treasury market disruptions," Working Paper Series, European Central Bank, number 3066, Jul.
• Karadi, Peter & Nakov, Anton & Nuño, Galo & Pasten, Ernesto & Thaler, Dominik, 2025, "Strike while the iron is hot – optimal monetary policy under state-dependent pricing," Working Paper Series, European Central Bank, number 3068, Jul.
• Asriyan, Vladimir & Laeven, Luc & Martin, Alberto & Van der Ghote, Alejandro & Vanasco, Victoria, 2025, "Falling interest rates and credit reallocation: lessons from general equilibrium," Working Paper Series, European Central Bank, number 3070, Jul.
• Basten, Christoph & Juelsrud, Ragnar, 2025, "Monetary policy transmission through cross-selling banks," Working Paper Series, European Central Bank, number 3072, Jul.
• Macchiati, Valentina & Cappiello, Lorenzo & Giuzio, Margherita & Ianiro, Annalaura & Lillo, Fabrizio, 2025, "When margins call: liquidity preparedness of non-bank financial institutions," Working Paper Series, European Central Bank, number 3074, Jul.
• Anyfantaki, Sofia & Benkovskis, Konstantins & Kunzmann, Vanessa & Lalinsky, Tibor & Petroulakis, Filippos & Zutis, Klavs & Vilerts, Kārlis & Bredl, Sebastian & Giovannini, Massimo & Horky, Florian Mat, 2025, "Details matter: loan pricing and transmission of monetary policy in the euro area," Working Paper Series, European Central Bank, number 3078, Jul.
• Bartels, Bernhard & Eichengreen, Barry & Schumacher, Julian & Weder di Mauro, Beatrice, 2025, "Central bank independence and risk-taking at the zero lower bound," Working Paper Series, European Central Bank, number 3079, Jul.
• Elfsbacka-Schmöller, Michaela & Goldfayn-Frank, Olga & Schmidt, Tobias, 2025, "Beyond the short run: monetary policy and innovation investment," Working Paper Series, European Central Bank, number 3080, Jul.
• Kase, Hanno & Rigato, Rodolfo Dinis, 2025, "Beyond averages: heterogeneous effects of monetary policy in a HANK model for the euro area," Working Paper Series, European Central Bank, number 3086, Aug.
• Albertazzi, Ugo & Ferrando, Annalisa & Gori, Sofia & Rariga, Judit, 2025, "The cost channel of monetary policy: evidence from euro area firm-level survey data," Working Paper Series, European Central Bank, number 3097, Aug.
• Holm-Hadulla, Fédéric & Leombroni, Matteo, 2025, "Heterogeneous intermediaries in the transmission of central bank corporate bond purchases," Working Paper Series, European Central Bank, number 3101, Aug.
• Klieber, Karin & Coulombe, Philippe Goulet, 2025, "Opening the black box of local projections," Working Paper Series, European Central Bank, number 3105, Aug.
• Bandoni, Emil & Jarmulska, Barbara & Fourné, Friederike, 2025, "Mortgage loan rates and the defaults of variable rate mortgages," Working Paper Series, European Central Bank, number 3112, Sep.
• Allaire, Nolwenn & Le Coz, Victor & Benzaquen, Michael & Challe, Damien, 2025, "Stylized facts in money markets: an empirical analysis of the eurozone data," Working Paper Series, European Central Bank, number 3113, Sep.
• Fukker, Gábor & Sydow, Matthias & Mimun, Anisa Tiza, 2025, "The effects of monetary policy on banks and non-banks in times of stress," Working Paper Series, European Central Bank, number 3114, Sep.
• Domenech Palacios, Mar, 2025, "Firms’ risk and monetary transmission: revisiting the excess bond premium," Working Paper Series, European Central Bank, number 3118, Sep.
• Stracca, Livio, 2025, "The Great Moderation at 40: learning from the cross section," Working Paper Series, European Central Bank, number 3124, Sep.
• Den Haan, Wouter J. & Ferrari, Alessandro & Mazelis, Falk & Ristiniemi, Annukka, 2025, "Battle of the ages: distributional and aggregate effects of monetary policy in a model with age demographics," Working Paper Series, European Central Bank, number 3125, Sep.
• Gareis, Johannes & Minasian, Ryan, 2025, "Durability, essentiality, and the transmission of monetary policy to household consumption," Working Paper Series, European Central Bank, number 3127, Oct.
• Kagerer, Benedikt & Pancaro, Cosimo & Reghezza, Alessio & De Vito, Antonio, 2025, "Hidden weaknesses: the role of unrealized losses in monetary policy transmission," Working Paper Series, European Central Bank, number 3129, Oct.
• Georgarakos, Dimitris & Kenny, Geoff & Meyer, Justus & van Rooij, Maarten, 2025, "How do rising temperatures affect inflation expectations?," Working Paper Series, European Central Bank, number 3132, Oct.
• Coenen, Günter & Mazelis, Falk & Motto, Roberto & Ristiniemi, Annukka & Smets, Frank & Warne, Anders & Wouters, Raf, 2025, "Inflation and monetary policy in medium-sized New Keynesian DSGE models," Working Paper Series, European Central Bank, number 3137, Oct.
• Fosso, Luca, 2025, "Decomposing US economic fluctuations: a trend-cycle approach," Working Paper Series, European Central Bank, number 3138, Oct.
• Coulier, Lara & Pancaro, Cosimo & Pancotto, Livia & Reghezza, Alessio, 2025, "Banking on assumptions? How banks model deposit maturities," Working Paper Series, European Central Bank, number 3140, Nov.
• Gáti, Laura & Handlan, Amy, 2025, "Reputation for confidence," Working Paper Series, European Central Bank, number 3141, Nov.
• Campos, Maria Manuel & Gomes, Sandra & Jacquinot, Pascal & Cardoso-Costa, José Miguel, 2025, "Monetary and fiscal policy interactions in the aftermath of an inflationary shock," Working Paper Series, European Central Bank, number 3145, Nov.
• De Jonghe, Olivier & Benkovskis, Konstantins & Bielskis, Karolis & Bonfim, Diana & Bottero, Margherita & Briglevics, Tamás & Cesnak, Martin & Dirma, Mantas & Emiris, Marina & Filep-Mosberger, Pálma & , 2025, "Household borrowing and monetary policy transmission: post-pandemic insights from nine European credit registers," Working Paper Series, European Central Bank, number 3146, Nov.
• Ongena, Steven & Osberghaus, Alex & Schepens, Glenn, 2025, "Joining forces: why banks syndicate credit," Working Paper Series, European Central Bank, number 3149, Nov.
• Ferrando, Annalisa & Lamboglia, Sara & Offner, Eric, 2025, "Monetary policy transmission to investment: evidence from a survey on enterprise finance," Working Paper Series, European Central Bank, number 3150, Nov.
• Altavilla, Carlo & Gürkaynak, Refet S. & Laeven, Luc & Kind, Thilo, 2025, "Monetary transmission with frequent policy events," Working Paper Series, European Central Bank, number 3157, Nov.
• Brand, Claus & Goy, Gavin & Lemke, Wolfgang, 2025, "Estimating the natural rate of interest in a macro-finance yield curve model," Working Paper Series, European Central Bank, number 3160, Dec.
• Duarte, João B. & Pires, Mariana N., 2025, "Financial integration and the transmission of monetary policy in the euro area," Working Paper Series, European Central Bank, number 3165, Dec.
• Vasileios Karaferis, 2025, "Inequality, Labour Market Dynamics and the Policy Mix: Insights from a FLANK," Edinburgh School of Economics Discussion Paper Series, Edinburgh School of Economics, University of Edinburgh, number 319, Apr.
• Jaanika Merikyll & Matthias Rottner, 2025, "Monetary policy and earnings inequality.Inflation dependencies," Bank of Estonia Working Papers, Bank of Estonia, number wp2025-05, Jun, revised 13 Jun 2025.
• Garg, Bhavesh & Shah, Sayar Ahmad & Edirisinghe, Janaka, 2025, "Revisiting monetary policy transmission in a new inflation targeting country," Journal of Asian Economics, Elsevier, volume 100, issue C, DOI: 10.1016/j.asieco.2025.102026.
• Kalpana, R. & Dash, Pradyumna, 2025, "Households’ inflation perceptions, expectations, and the monetary policy in India," Journal of Asian Economics, Elsevier, volume 101, issue C, DOI: 10.1016/j.asieco.2025.102017.
• Bhatta, Guna Raj, 2025, "Economic cycle interactions and influence of a highly integrated foreign economy: Case of Nepal and India," Journal of Asian Economics, Elsevier, volume 101, issue C, DOI: 10.1016/j.asieco.2025.102072.
• Hou, Jianghuai & Wang, Fang & Zhang, Ji, 2025, "How trade drives fluctuations in macroeconomics in China – A multi-level dynamic factor approach," China Economic Review, Elsevier, volume 91, issue C, DOI: 10.1016/j.chieco.2025.102393.
• Ma, Yong & Lan, Huanqi, 2025, "How does monetary policy shock affect banks' loan loss provisioning behavior? Evidence from Chinese commercial banks," China Economic Review, Elsevier, volume 91, issue C, DOI: 10.1016/j.chieco.2025.102395.
• Qiu, Yue & Wang, Kaixin & Xie, Wenjing & Zheng, Xiangzhong, 2025, "The power of policy words: PBC communications and their impact on capital flows amidst global crises," China Economic Review, Elsevier, volume 93, issue C, DOI: 10.1016/j.chieco.2025.102475.
• Mei, Dongzhou & Wang, Jiaxin & Zhang, Mi, 2025, "US monetary policy spillovers, maturity mismatch and Chinese corporate financing premium," China Economic Review, Elsevier, volume 93, issue C, DOI: 10.1016/j.chieco.2025.102480.
• Chen, Chuanglian & Liu, Xiaobin & Yu, Jun & Zeng, Tao, 2025, "The time-varying zone-like and asymmetric preference of central banks: Evidence from China," China Economic Review, Elsevier, volume 94, issue PA, DOI: 10.1016/j.chieco.2025.102517.
• Liu, Qing & Luo, Wenlan & Xiong, Qiaoqin, 2025, "Monetary policy in China: High-frequency shocks and the signaling effects," China Economic Review, Elsevier, volume 94, issue PA, DOI: 10.1016/j.chieco.2025.102521.
• Zhu, Dandan & Wang, Xiangdong & Zhang, Yifan, 2025, "Narrative monetary policy expectation in China," China Economic Review, Elsevier, volume 94, issue PB, DOI: 10.1016/j.chieco.2025.102568.
• Chen, Liangyuan & Lin, Jianhao & Wang, Xia & Zhu, Zixiang, 2025, "The real effect of China's narrative Central Bank Communication," China Economic Review, Elsevier, volume 94, issue PC, DOI: 10.1016/j.chieco.2025.102592.
• Adra, Samer & Barbopoulos, Leonidas G. & Saunders, Anthony, 2025, "The fed information shocks and the market for corporate control: Predictive and causal effects," Journal of Corporate Finance, Elsevier, volume 90, issue C, DOI: 10.1016/j.jcorpfin.2024.102681.
• Canofari, Paolo & Cucculelli, Marco & Piergallini, Alessandro & Renghini, Matteo, 2025, "Tightening monetary policy and investment dynamics in the European Monetary Union: Firm- and country-level heterogeneity," Journal of Corporate Finance, Elsevier, volume 94, issue C, DOI: 10.1016/j.jcorpfin.2025.102853.
• Bonciani, Dario & Oh, Joonseok, 2025, "Optimal monetary policy mix at the zero lower bound," Journal of Economic Dynamics and Control, Elsevier, volume 170, issue C, DOI: 10.1016/j.jedc.2024.105001.
• Boehl, Gregor & Lieberknecht, Philipp, 2025, "The hockey stick Phillips curve and the effective lower bound," Journal of Economic Dynamics and Control, Elsevier, volume 170, issue C, DOI: 10.1016/j.jedc.2024.105002.
• Littlejohn, Maximillian, 2025, "The credit card and small business lending channels of monetary policy," Journal of Economic Dynamics and Control, Elsevier, volume 171, issue C, DOI: 10.1016/j.jedc.2025.105045.
• Kronick, Jeremy & Petersen, Luba, 2025, "Is monetary and fiscal policy conflict that dire?," Journal of Economic Dynamics and Control, Elsevier, volume 172, issue C, DOI: 10.1016/j.jedc.2024.104982.
• Grimaud, Alex & Salle, Isabelle & Vermandel, Gauthier, 2025, "A Dynare toolbox for social learning expectations," Journal of Economic Dynamics and Control, Elsevier, volume 172, issue C, DOI: 10.1016/j.jedc.2024.104984.
• Evans, George & McGough, Bruce, 2025, "Social learning and expectational stability," Journal of Economic Dynamics and Control, Elsevier, volume 172, issue C, DOI: 10.1016/j.jedc.2024.104990.
• Levine, Paul & McKnight, Stephen & Mihailov, Alexander & Swarbrick, Jonathan, 2025, "Limited asset market participation and monetary policy in a small open economy," Journal of Economic Dynamics and Control, Elsevier, volume 173, issue C, DOI: 10.1016/j.jedc.2025.105047.
• Bianco, Timothy & Herrera, Ana María, 2025, "Monetary policy and credit flows: A tale of two effective lower bounds," Journal of Economic Dynamics and Control, Elsevier, volume 175, issue C, DOI: 10.1016/j.jedc.2025.105084.
• Iwasaki, Yuto & Kubota, Hiroyuki & Muto, Ichiro & Shintani, Mototsugu, 2025, "Monetary policy, labor force participation, and wage rigidity," Journal of Economic Dynamics and Control, Elsevier, volume 175, issue C, DOI: 10.1016/j.jedc.2025.105085.
• Weale, Martin & Wieladek, Tomasz, 2025, "What are the macroeconomic effects of state-dependent forward guidance?," Journal of Economic Dynamics and Control, Elsevier, volume 178, issue C, DOI: 10.1016/j.jedc.2025.105138.
• Maliar, Lilia & Naubert, Christopher, 2025, "Monetary policy transmission with endogenous central bank responses in TANK," Journal of Economic Dynamics and Control, Elsevier, volume 178, issue C, DOI: 10.1016/j.jedc.2025.105146.
• Wieles, Chamon & Kwakkel, Jan & Auping, Willem L. & van den End, J.W., 2025, "Scenario discovery to address deep uncertainty in monetary policy," Journal of Economic Dynamics and Control, Elsevier, volume 179, issue C, DOI: 10.1016/j.jedc.2025.105168.
• Corsi, Fulvio & Longo, Luigi & Cordoni, Francesco, 2025, "SVAR identification with nowcasted macroeconomic data," Journal of Economic Dynamics and Control, Elsevier, volume 179, issue C, DOI: 10.1016/j.jedc.2025.105176.
• Funaki, Yukihiko & Kawamura, Kohei & Ueda, Kozo & Uto, Nobuyuki, 2025, "Price stickiness and strategic uncertainty: An experimental study," Journal of Economic Dynamics and Control, Elsevier, volume 180, issue C, DOI: 10.1016/j.jedc.2025.105186.
• Tsang, Kwok Ping & Yang, Zichao, 2025, "Agree to disagree: Measuring hidden dissent in FOMC meetings," Journal of Economic Dynamics and Control, Elsevier, volume 180, issue C, DOI: 10.1016/j.jedc.2025.105197.
• Hahn, Volker & Schürle, Annika, 2025, "How does inflation affect different age groups?," Journal of Economic Dynamics and Control, Elsevier, volume 180, issue C, DOI: 10.1016/j.jedc.2025.105200.
• Shirota, Toyoichiro, 2025, "Demand-side real rigidities revisited," Journal of Economic Dynamics and Control, Elsevier, volume 181, issue C, DOI: 10.1016/j.jedc.2025.105204.
• Li, King King & Zhu, Tao, 2025, "Matching friction, coordination, and monetary nonneutrality," Journal of Economic Dynamics and Control, Elsevier, volume 181, issue C, DOI: 10.1016/j.jedc.2025.105206.
• Nie, Li & Wang, Yulong & Shi, Kai, 2025, "Financial market responses to the policy language of forward guidance: Evidence from China," Economic Analysis and Policy, Elsevier, volume 85, issue C, pages 317-335, DOI: 10.1016/j.eap.2024.12.003.
• Li, Dan & Sun, Yanyang, 2025, "The impact of inclusive lending support on the performance of small and micro enterprises: Evidence from China," Economic Analysis and Policy, Elsevier, volume 85, issue C, pages 353-370, DOI: 10.1016/j.eap.2024.12.009.
• Wan, Kai & Yu, Xiaolin, 2025, "Green structural monetary policy and firms’ Asymmetric carbon emission reduction: Evidence from China," Economic Analysis and Policy, Elsevier, volume 86, issue C, pages 1914-1928, DOI: 10.1016/j.eap.2025.05.031.
• Goyal, Ashima & Ray, Sritama, 2025, "Reducing supply shock-led inflation in emerging markets," Economic Analysis and Policy, Elsevier, volume 86, issue C, pages 2278-2301, DOI: 10.1016/j.eap.2025.05.024.
• Shahnazarian, Hovick, 2025, "Designing fiscal stabilization rules," Economic Analysis and Policy, Elsevier, volume 87, issue C, pages 1436-1451, DOI: 10.1016/j.eap.2025.07.007.
• El-Shagi, Makram, 2025, "Does the Fed adhere to its mandate? Estimating the Federal Reserve’s objective function," Economic Analysis and Policy, Elsevier, volume 87, issue C, pages 1782-1796, DOI: 10.1016/j.eap.2025.06.009.
• Li, Yaxing & Lau, Wee-Yeap & Ng, Kok-Haur, 2025, "Impact of unconventional monetary policy on stock market in selected economies during and post-COVID-19 pandemic," Economic Analysis and Policy, Elsevier, volume 87, issue C, pages 2360-2381, DOI: 10.1016/j.eap.2025.08.023.
• Arefeva, Alina & Arefyev, Nikolay, 2025, "Playing by the Taylor rules or sticking to Friedman’s policy: A new approach to monetary policy identification," Economic Modelling, Elsevier, volume 143, issue C, DOI: 10.1016/j.econmod.2024.106966.
• Kim, Won Joong & Ko, Juyoung & Kwon, Won Soon & Piao, Chunyan, 2025, "Time-varying sources of fluctuations in global inflation," Economic Modelling, Elsevier, volume 143, issue C, DOI: 10.1016/j.econmod.2024.106970.
• Neyer, Ulrike & Stempel, Daniel, 2025, "Household inflation heterogeneity and the relative price elasticity channel of monetary policy," Economic Modelling, Elsevier, volume 144, issue C, DOI: 10.1016/j.econmod.2024.106980.
• Suh, Jeong Eui, 2025, "An interest rate rule following the natural rate of interest for optimal monetary policy," Economic Modelling, Elsevier, volume 147, issue C, DOI: 10.1016/j.econmod.2025.107040.
• Kaustubh, Kaustubh & Ranjan, Abhishek, 2025, "A multi-factor GDP nowcast model for India," Economic Modelling, Elsevier, volume 147, issue C, DOI: 10.1016/j.econmod.2025.107053.
• Fernández Romero, Daniel, 2025, "The fiscal multiplier in presence of unconventional monetary policy: Evidence for 17 OECD countries," Economic Modelling, Elsevier, volume 147, issue C, DOI: 10.1016/j.econmod.2025.107063.
• Hoshino, Satoshi & Ida, Daisuke, 2025, "Stock prices and monetary policy: Analysis of a Bayesian DSGE model," Economic Modelling, Elsevier, volume 148, issue C, DOI: 10.1016/j.econmod.2025.107075.
• Su, Shiwei & Ahmad, Ahmad Hassan & Wood, Justine & Jia, Songbo, 2025, "Monetary policy analysis using natural language processing: Evaluating the People's Bank of China's minutes and report summary with the Taylor Rule," Economic Modelling, Elsevier, volume 149, issue C, DOI: 10.1016/j.econmod.2025.107121.
• Luo, Jingru & Liu, Jingting & Alba, Joseph D. & Wang, Peiming, 2025, "The international spillovers of US monetary policy uncertainty: Is it a dilemma or trilemma for monetary policy?," Economic Modelling, Elsevier, volume 150, issue C, DOI: 10.1016/j.econmod.2025.107122.
• Cross, Jamie & Kam, Timothy & Poon, Aubrey, 2025, "Volatility shocks in markets and policies: What matters for a small open economy like Canada?," Economic Modelling, Elsevier, volume 151, issue C, DOI: 10.1016/j.econmod.2025.107124.
• Kotłowski, Jacek, 2025, "The role of central bank forecasts in uncertain times," Economic Modelling, Elsevier, volume 151, issue C, DOI: 10.1016/j.econmod.2025.107143.