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

2021

• Parle, Conor, 2021, "The financial market impact of ECB monetary policy press conferences - a text based approach," Research Technical Papers, Central Bank of Ireland, number 4/RT/21, May.
• Aslı Güler, 2021, "Does Monetary Policy Credibility Help in Anchoring Inflation Expectations? Evidence from Six Inflation Targeting Emerging Economies," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 1, pages 93-111.
• Alexander Ehimare Omankhanlen & Noah Ilori & Areghan Isibor & Lawrence Uchenna Okoye, 2021, "Monetary Policies and the Achievement of Bank Profit Objective," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 2, pages 201-220.
• Martin N. Pazardjiev & Aleksandar Z. Vasilev, 2021, "Specificities of the Monetary Transmission Mechanism within the Bulgarian Currency Board Framework: The first five years," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 2, pages 57-86.
• Ibrahim A. Onour & Bruno S. Sergi, 2021, "The impact of a political shock on foreign exchange markets in a small and open economy: A dynamic modelling approach," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 3, pages 137-152.
• Guillaume Vallet, 2021, "Great Power, Great Responsibility: Addressing the Underestimated Issue of Central Bank’s Social Responsibility," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 3, pages 23-39.
• Mahdi Yazdani & Mohammad Nikzad, 2021, "Output Losses from Currency Crises and the Role of Central Bank," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 3, pages 79-97.
• Nicolas Caramp & Dejanir H. Silva, 2021, "Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity," Working Papers, University of California, Davis, Department of Economics, number 341, Jul.
• Dixon, Huw & Franklin, Jeremy & Millard, Stephen, 2021, "Sectoral shocks and monetary policy in the United Kingdom," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2021/10, May.
• Minford, Patrick & Ou, Zhirong & Wickens, Michael & Zhu, Zheyi, 2021, "The eurozone: what is to be done?," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2021/11, Jun.
• Meenagh, David & Minford, Patrick & Zhao, Zhiqi, 2021, "Should Hong Kong switch to Taylor Rule? Evidence from DSGE Model," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2021/6, Jun.
• Lyu, Juyi & Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2021, "Macroprudential Regulation in the Post-Crisis Era: Has the Pendulum Swung Too Far?," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2021/5, Mar.
• Michaillat, Pascal & Saez, Emmanuel, 2021, "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 qt9wc7068w, May.
• Mariano Fernández, 2021, "Estabilizaciones transitorias y permanentes usando al tipo de cambio o la cantidad de dinero como anclas nominales," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 792, May.
• Scott R. Baker & Nicholas Bloom & Steven J. Davis & Marco Sammon, 2021, "What triggers stock market jumps?," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp1789, Aug.
• Richard Davies, 2021, "Prices and inflation in the UK - A new dataset," CEP Occasional Papers, Centre for Economic Performance, LSE, number 55, Feb.
• Scott R. Baker & Nicholas Bloom & Steven J. Davis & Marco Sammon, 2021, "What triggers stock market jumps?," POID Working Papers, Centre for Economic Performance, LSE, number 010, Aug.
• Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Paul Wachtel, 2021, "Monetary Policy and Racial Inequality," CESifo Working Paper Series, CESifo, number 8877.
• Sophia Latsos & Gunther Schnabl, 2021, "Determinants of Japanese Household Saving Behavior in the Low-Interest Rate Environment," CESifo Working Paper Series, CESifo, number 8927.
• Giovanni Pellegrino & Efrem Castelnuovo & Giovanni Caggiano, 2021, "Uncertainty and Monetary Policy during the Great Recession," CESifo Working Paper Series, CESifo, number 8985.
• Philippe Andrade & Erwan Gautier & Eric Mengus, 2021, "What Matters in Households' Inflation Expectations?," CESifo Working Paper Series, CESifo, number 9005.
• Michael Ehrmann, 2021, "Point Targets, Tolerance Bands, or Target Ranges? Inflation Target Types and the Anchoring of Inflation Expectations," CESifo Working Paper Series, CESifo, number 9034.
• Greta Meggiorini & Fabio Milani, 2021, "Behavioral New Keynesian Models: Learning vs. Cognitive Discounting," CESifo Working Paper Series, CESifo, number 9039.
• Oliver Hülsewig & Horst Rottmann, 2021, "Euro Area House Prices and Unconventional Monetary Policy Surprises," CESifo Working Paper Series, CESifo, number 9045.
• Niklas Amberg & Thomas Jansson & Mathias Klein & Anna Rogantini Picco, 2021, "Five Facts about the Distributional Income Effects of Monetary Policy," CESifo Working Paper Series, CESifo, number 9062.
• Francesca Vinci & Omar Licandro, 2021, "Switching-Track after the Great Recession," CESifo Working Paper Series, CESifo, number 9107.
• Federico Di Pace & Christoph Görtz, 2021, "Monetary Policy, Sectoral Comovement and the Credit Channel," CESifo Working Paper Series, CESifo, number 9142.
• Michael D. Bauer & Mikhail Chernov, 2021, "Interest Rate Skewness and Biased Beliefs," CESifo Working Paper Series, CESifo, number 9150.
• Ye Li & Simon Mayer & Simon Mayer, 2021, "Money Creation in Decentralized Finance: A Dynamic Model of Stablecoin and Crypto Shadow Banking," CESifo Working Paper Series, CESifo, number 9260.
• Magnus Reif, 2021, "Time-Varying Dynamics of the German Business Cycle: A Comprehensive Investigation," CESifo Working Paper Series, CESifo, number 9271.
• Marcus Hagedorn, 2021, "An Equilibrium Theory of Nominal Exchange Rates," CESifo Working Paper Series, CESifo, number 9290.
• Guglielmo Maria Caporale & Woo-Young Kang & Fabio Spagnolo & Nicola Spagnolo, 2021, "The Covid-19 Pandemic, Policy Responses and Stock Markets in the G20," CESifo Working Paper Series, CESifo, number 9299.
• Christiane Baumeister, 2021, "Measuring Market Expectations," CESifo Working Paper Series, CESifo, number 9305.
• Isabel Argimon & Jayson M. Danton & Jakob de Haan & Javier Rodriguez-Martin & Maria Rodriguez-Moreno, 2021, "Low Interest Rates and Banks' Interest Margins: Does Belonging to a Banking Group Matter?," CESifo Working Paper Series, CESifo, number 9340.
• Christian Bittner & Alexander Rodnyansky & Farzad Saidi & Yannick Timmer, 2021, "Mixing QE and Interest Rate Policies at the Effective Lower Bound: Micro Evidence from the Euro Area," CESifo Working Paper Series, CESifo, number 9363.
• Emanuel Kohlscheen & Richhild Moessner, 2021, "Globalisation and the Slope of the Phillips Curve," CESifo Working Paper Series, CESifo, number 9383.
• Lutz Kilian & Xiaoqing Zhou, 2021, "The Impact of Rising Oil Prices on U.S. Inflation and Inflation Expectations in 2020-23," CESifo Working Paper Series, CESifo, number 9455.
• Beatriz González & Galo Nuño & Dominik Thaler & Silvia Albrizio, 2021, "Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy," CESifo Working Paper Series, CESifo, number 9465.
• Richhild Moessner, 2021, "Effects of Inflation Expectations on Inflation," CESifo Working Paper Series, CESifo, number 9467.
• Richhild Moessner, 2021, "Determinants of Inflation Expectations," CESifo Working Paper Series, CESifo, number 9485.
• Markus Demary & Timo Wollmershäuser & Gerit Vogt & Gertud R. Traud & Stefan Mütze & Thomas Mayer & Pascal Seiler & Lukas Haffert & Nils Redeker & Tobias Rommel, 2021, "Konsumstau, höhere Energiepreise, lockere Geldpolitik: Droht nach Corona die große Inflation?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 74, issue 09, pages 03-26, September.
• Tsutomu Watanabe & Tomoyoshi Yabu, 2021, "Japan’s Voluntary Lockdown: Further Evidence Based on Age-Specific Mobile Location Data," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-508, Feb.
• Masashige Hamano & Francesco Zanetti, 2021, "Monetary Policy, Firm Heterogeneity, and Product Variety," Discussion Papers, Centre for Macroeconomics (CFM), number 2102, Jan.
• Ricardo Lagos & Shengxing Zhang, 2021, "The Limits of onetary Economics: On Money as a Latent Medium of Exchange," Discussion Papers, Centre for Macroeconomics (CFM), number 2104, Feb.
• Guido Ascari & Peder Beck-Friis & Anna Florio & Alessandro Gobbi, 2021, "Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix," Discussion Papers, Centre for Macroeconomics (CFM), number 2112, Mar.
• Guido Ascari & Luca Fosso, 2021, "The Inflation Rate Disconnect Puzzle: On the International Component of Trend Inflation and the Flattening of the Phillips Curve," Discussion Papers, Centre for Macroeconomics (CFM), number 2113, Apr.
• Silvia Miranda-Agrippino & Tsvetelina Nenova, 2021, "A Tale of Two Global Monetary Policies," Discussion Papers, Centre for Macroeconomics (CFM), number 2117, Aug.
• Roman Sustek, 2021, "A back-of-the-envelope analysis of house prices: Czech Republic, 2013-2021," Discussion Papers, Centre for Macroeconomics (CFM), number 2120, Oct.
• Roman Sustek, 2021, "Yield curve and the business cycle in conventional times," Discussion Papers, Centre for Macroeconomics (CFM), number 2122, Oct.
• Jorge Fornero & Markus Kirchner & Carlos Molina, 2021, "Estimating Shadow Policy Rates in a Small Open Economy and the Role of Foreign Factors," Working Papers Central Bank of Chile, Central Bank of Chile, number 915, May.
• Sebastian Diz & Mario Giarda & Damián Romero, 2021, "Inequality, Nominal Rigidities, and Aggregate Demand," Working Papers Central Bank of Chile, Central Bank of Chile, number 929, Oct.
• Semyon Malamud & Anna Cieslak & Andreas Schrimpf, 2021, "Optimal Transport of Information," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-15, Feb.
• Semyon Malamud & Andreas Schrimpf, 2021, "Persuasion by Dimension Reduction," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-69, Oct.
• Kjell G. Nyborg & Jiri Woschitz, 2021, "The Price of Money: How Collateral Policy Affects the Yield Curve," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-74, Nov.
• Oscar Arce & Miguel Garcia-Posada & Sergio Mayordomo & Steven Ongena, 2021, "Adapting lending policies in a “negative-for-long” scenario," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-75, Nov.
• Cécile Couharde & Carl Grekou, 2021, "Better Two Eyes than One: A Synthesis Classification of Exchange Rate Regimes," Working Papers, CEPII research center, number 2021-07, Oct.
• Rafael Cezar & Maéva Silvestrini, 2021, "Impact of the ECB Quantitative Easing on the International Investment Position," International Economics, CEPII research center, issue 165, pages 241-263.
• Sheng Zhu & Ella Kavanagh & Niall O'Sullivan, 2021, "Uncovering the implicit short-term inflation target of the Bank of England," International Economics, CEPII research center, issue 167, pages 120-135.
• Michael Zhemkov, 2021, "Nowcasting Russian GDP using forecast combination approach," International Economics, CEPII research center, issue 168, pages 10-24.
• Aymeric Ortmans & Fabien Tripier, 2021, "Quand la BCE a-t-elle stoppé la contagion de la Covid-19 aux marchés financiers ?," La Lettre du CEPII, CEPII research center, issue 416.
• Cécile Couharde & Carl Grekou, 2021, "Mieux caractériser les régimes de change pour comprendre leurs fragilités," La Lettre du CEPII, CEPII research center, issue 418.
• Karel Musil & Stanislav Tvrz & Jan Vlcek, 2021, "News versus Surprise in Structural Forecasting Models: Central Bankers' Practical Perspective," Research and Policy Notes, Czech National Bank, Research and Statistics Department, number 2021/02, Dec.
• Simona Malovana & Martin Hodula & Zuzana Gric & Josef Bajzik, 2021, "Macroprudential Policy in Central Banks: Integrated or Separate? Survey Among Academics and Central Bankers," Research and Policy Notes, Czech National Bank, Research and Statistics Department, number 2021/04, Dec.
• Jin Cao & Valeriya Dinger & Tomas Gomez & Zuzana Gric & Martin Hodula & Alejandro Jara & Ragnar Juelsrud & Karolis Liaudinskas & Simona Malovana & Yaz Terajima, 2021, "Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates?," Working Papers, Czech National Bank, Research and Statistics Department, number 2021/6, Nov.
• Sergio Florez-Orrego, 2021, "Money Matters: Global banks, safe assets and monetary autonomy," Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE, number 19153, Apr.
• David Augusto Montoya Ruiz, 2021, "Efecto de la pol√≠tica fiscal sobre la transmisi√≥n de la pol√≠tica monetaria a trav√©s de la desigualdad en el ingreso," Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE, number 19560, Sep.
• Santiago Taboada & Emiliano Libman, 2021, "Sticky Inflationary Expectations and Inflation Targeting in (some) Emerging and Less Developed Economies," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, volume 40, issue 82, pages 83-111.
• Camilo Rodríguez, 2021, "Financiarización de la política fiscal y su impacto sobre la deuda pública de Colombia entre 1996-2015," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, volume 40, issue 82, pages 253-282.
• Esteban Cruz Hidalgo & Agust�n Mario, 2021, "Repensar la restricción externa en tiempos de pandemia: la política de empleador de última instancia para Lati- noamérica," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, volume 40, issue 85, pages 999-1012.
• Ana María Iregui-Bohórquez & C�sar Anzola-Bravo & Luisa Fernanda Ball�n-Rubio & Valeria Bejarano-Salcedo & Eliana Gonz�lez-Molano & Anderson Grajales-Olarte & Alexander Guar�n-L�pez & Mar�a Alejandra , 2021, "¿Qué nos dicen las encuestas sobre la formación de expectativas de inflación?," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, issue 100, pages 1-95.
• Carlos Esteban Posada Posada & Wilman G�mez & Remberto Rhenals, 2021, "Caída y convergencia mundial de las tasas de inflación," Documentos de Trabajo de Valor Público, Universidad EAFIT, number 19129, Mar.
• Wilman Arturo Gómez Múnoz & Carlos Esteban Posada Posada & Remberto Rhenals Monterrosa, 2021, "Caída y convergencia mundial de las tasas de inflación," Borradores Departamento de Economía, Universidad de Antioquia, CIE, number 19618, Feb.
• A. Batz & J. Montes & J. Romero & P. Rubio, 2021, "Análisis de la transmisión de la tasa de interés de política monetaria en la tasa de interés de microcréditos en Colombia: discusiones de independencia," Documentos de trabajo - Alianza EFI, Alianza EFI, number 20041, Nov.
• Benchimol, Jonathan & Bounader, Lahcen, 2021, "Optimal Monetary Policy Under Bounded Rationality," Dynare Working Papers, CEPREMAP, number 67, Mar.
• Brandao-Marques, Luis & Narita, Machiko & Nier, Erlend & Gelos, Gaston, 2021, "Leaning Against the Wind: An Empirical Cost-Benefit Analysis," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15693, Jan.
• ÅžimÅŸek, Alp, 2021, "The Macroeconomics of Financial Speculation," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15733, Jan.
• Kuhn, Moritz & Bartscher, Alina & Schularick, Moritz & Wachtel, Paul, 2021, "Monetary policy and racial inequality," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15734, Feb.
• Gnan, Phillipp & Rieder, Kilian, 2022, "The (Not So) Quiet Period: Communication by ECB Decision-makers during Monetary Policy Blackout Days," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15735, Jun.
• Gelos, Gaston & Gornicka, Lucyna & Koepke, Robin & Sahay, Ratna & Sgherri, Silvia, 2021, "Capital Flows at Risk: Taming the Ebbs and Flows," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15842, Feb.
• Dietrich, Alexander & Müller, Gernot & Schoenle, Raphael, 2022, "The Expectations Channel of Climate Change: Implications for Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15866, Jan.
• Whelan, Karl & Ryan, Ellen, 2021, "A Model of QE, Reserve Demand and the Money Multiplier," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15882, Mar.
• Poilly, Céline & Anna, Beliansk & Eyquem, Aurélien, 2021, "The Transmission Channels of Government Spending Uncertainty," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15894, Mar.
• Schorfheide, Frank & Aruoba, Boragan & Mlikota, Marko & Villalvazo, Sergio, 2021, "SVARs With Occasionally-Binding Constraints," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15923, Mar.
• Dellas, Harris & Tavlas, George, 2021, "On the Evolution of the Rules versus Discretion Debate," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15976, Mar.
• Honkapohja, Seppo & McClung, Nigel, 2021, "On Robustness of Average Inflation Targeting," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16001, Apr.
• Brandao-Marques, Luis & Casiraghi, Marco & Kamber, Gunes & Meeks, Roland & Gelos, Gaston, 2021, "Negative Interest Rate Policies: A Survey," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16016, Apr.
• Galí, Jordi & Andrade, Philippe & Le Bihan, Hervé & Matheron, Julien, 2021, "Should the ECB Adjust its Strategy in the Face of a Lower r*?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16042, Apr.
• Ehrmann, Michael, 2021, "Point Targets, Tolerance Bands, or Target Ranges? Inflation Target Types and the Anchoring of Inflation Expectations," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16046, Apr.
• Smets, Frank & Coenen, Günter & Montes-Galdón, Carlos, 2021, "Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16050, Apr.
• Lenza, Michele & Slacalek, Jirka, 2021, "How Does Monetary Policy Affect Income and Wealth Inequality? Evidence from Quantitative Easing in the Euro Area," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16079, Apr.
• Ostry, Jonathan D. & Furceri, Davide & Loungani, Prakash & Pizzuto, Pietro, 2021, "Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16122, May.
• Trigari, Antonella & Gorn, Alexey, 2021, "Assessing the Stabilizing Effects of Unemployment Benefit Extensions," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16125, May.
• Dedola, Luca & Ca’Zorzi, Michele & Georgiadis, Georgios & Jarocinski, Marek & Stracca, Livio & Strasser, Georg, 2021, "Making waves: Monetary policy and its asymmetric spillovers in a globalised world," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16134, May.
• Reichlin, Lucrezia & Ricco, Giovanni & Tarbé, Matthieu, 2021, "Monetary-Fiscal Crosswinds in the European Monetary Union," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16138, May.
• López-Salido, J David & Gust, Christopher & Herbst, Edward, 2021, "Short-term Planning, Monetary Policy, and Macroeconomic Persistence," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16141, May.
• Schelling, Tan & Towbin, Pascal, 2021, "Tiers of Joy? Reserve Tiering and Bank Behavior in a Negative-Rate Environment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16191, May.
• Havranek, Tomas & Kolcunova, Dominika & Bajzik, Josef, 2021, "When Does Monetary Policy Sway House Prices? A Meta-Analysis," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16196, May.
• Walther, Ansgar & Dávila, Eduardo, 2021, "Prudential Policy with Distorted Beliefs," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16197, May.
• Auclert, Adrien & Rognlie, Matthew & Souchier, Martin & Straub, Ludwig, 2021, "Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16198, May.
• Rey, Hélène & Coimbra, Nuno & Kim, Daisoon, 2021, "Central Bank Policy and the Concentration of Risk: Empirical Estimates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16221, Jun.
• Benigno, Pierpaolo & Benigno, Gianluca, 2021, "Interest, Reserves and Prices," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16222, Jun.
• Laeven, Luc & Jasova, Martina & Mendicino, Caterina & Peydró, José-Luis & Supera, Dominik, 2021, "Systemic Risk and Monetary Policy: The Haircut Gap Channel of the Lender of Last Resort," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16240, Jun.
• Lepetyuk, Vadym & Maliar, Serguei & Taylor, John, 2021, "The Power of Open-Mouth Policies," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16262, Jun.
• Chernov, Mikhail & Bauer, Michael, 2021, "Interest Rate Skewness and Biased Beliefs," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16274, Jun.
• Minford, Patrick & Wickens, Michael R. & Ou, Zhirong & Zhu, Zheyi, 2021, "The eurozone: what is to be done?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16313, Jun.
• Obstfeld, Maurice, 2021, "The Global Capital Market Reconsidered," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16375, Jul.
• Bems, Rudolfs & Caselli, Francesca & Grigoli, Francesco & Gruss, Bertrand, 2021, "Expectations' Anchoring and Inflation Persistence," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16391, Jul.
• Wieladek, Tomasz & Weale, M, 2021, "Financial ‘Side Effects’ of QE and Conventional Monetary Policy Compared," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16395, Jul.
• Schmidt, Sebastian & Coenen, Günter & Montes-Galdón, Carlos, 2021, "Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16403, Jul.
• Orphanides, Athanasios & Hofmann, Boris & Lombardi, Marco & Mojon, Benoit, 2021, "Fiscal and monetary policy interactions in a low interest rate world," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16411, Jul.
• Van Nieuwerburgh, Stijn & Elenev, Vadim & Landvoigt, Tim & Shultz, Patrick, 2021, "Can Monetary Policy Create Fiscal Capacity?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16414, Jul.
• Wolf, Martin & Fornaro, Luca, 2021, "Monetary Policy in the Age of Automation," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16416, Aug.
• Gavazza, Alessandro & Benetton, Matteo & Surico, Paolo, 2021, "Mortgage Pricing and Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16456, Aug.
• Garcia-Appendini, Emilia & Boissay, Frederic & Ongena, Steven, 2022, "Bottleneck effects of monetary policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16465, Feb.
• Miranda-Agrippino, Silvia & Nenova, Tsvetelina, 2022, "A Tale of Two Global Monetary Policies," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16485, Feb.
• Rieder, Kilian, 2021, "Financial Stability Policies and Bank Lending: Quasi-experimental Evidence from Federal Reserve Interventions in 1920-1921," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16490, Aug.
• Peydró, José-Luis & fabiani, andrea & Lopéz Piñeros, Martha & Soto, Paul, 2021, "Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16510, Sep.
• Hagedorn, Marcus, 2021, "An Equilibrium Theory of Nominal Exchange Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16517, Sep.
• Baumeister, Christiane, 2021, "Measuring Market Expectations," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16520, Sep.
• Ehrmann, Michael & Wabitsch, Alena, 2021, "Central Bank Communication with Non-Experts - A Road to Nowhere?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16525, Sep.
• Peydró, José-Luis & Jasova, Martina & Mendicino, Caterina & Panetti, Ettore & Supera, Dominik, 2021, "Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registe," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16549, Sep.
• Fujiwara, Ippei & Chen, Yu-chin & Hirose, Yasuo, 2021, "Exchange Rate Disconnect and the General Equilibrium Puzzle," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16555, Sep.
• Whelan, Karl, 2021, "Central Banks and Inflation: Where Do We Stand and How Did We Get Here?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16557, Sep.
• Weber, Michael & D'Acunto, Francesco & Fuster, Andreas, 2021, "Diverse Policy Committees Can Reach Underrepresented Groups," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16563, Sep.
• Forbes, Kristin & Gagnon, Joseph & Collins, Christopher, 2021, "Low Inflation Bends the Phillips Curve around the World," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16583, Sep.
• Bilbiie, Florin, 2021, "HALT: Heterogeneous-Agent Liquidity Traps," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16625, Oct.
• Favero, Carlo A. & Tamoni, Andrea & Melone, Alessandro, 2021, "Monetary Policy and Bond Prices with Drifting Equilibrium Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16629, Oct.
• Acharya, Viral & Lenzu, Simone & Wang, Olivier, 2021, "Zombie Lending and Policy Traps," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16658, Oct.
• Mengus, Eric & Barthélemy, Jean & Plantin, Guillaume, 2021, "The Central Bank, the Treasury, or the Market: Which One Determines the Price Level?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16679, Oct.
• Asriyan, Vladimir & Laeven, Luc & Martín, Alberto & Van der Ghote, Alejandro & Vanasco, Victoria, 2022, "Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16720, Jul.
• Ostry, Jonathan D. & Deb, Pragyan & Furceri, Davide & Tawk, Nour & Yang, Naihan, 2021, "The Effects of Fiscal Measures During COVID-19," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16726, Nov.
• Roth, Christopher & Haaland, Ingar & Wohlfart, Johannes, 2021, "Inflation Narratives," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16758, Nov.
• Müller, Gernot & Dietrich, Alexander & Kuester, Keith & Schoenle, Raphael, 2021, "News and uncertainty about COVID-19: Survey evidence and short-run economic impact," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16766, Dec.
• Kilian, Lutz & Zhou, Xiaoqing, 2021, "The Impact of Rising Oil Prices on U.S. Inflation and Inflation Expectations in 2020-23," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16776, Dec.
• Goodhart, Charles & Peiris, M. Udara & Tsomocos, Dimitrios P & Wang, Xuan, 2022, "Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16799, Mar.
• Caballero, Ricardo & Simsek, Alp, 2022, "A Note on Temporary Supply Shocks with Aggregate Demand Inertia," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16814, Jun.
• Ehrmann, Michael & Holton, Sarah & Kedan, Danielle & Phelan, Gillian, 2021, "Monetary Policy Communication: Perspectives from Former Policy Makers at the ECB," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16816, Dec.
• Zettelmeyer, Jeromin & Willems, Tim, 2021, "Sovereign Debt Sustainability and Central Bank Credibility," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16817, Dec.
• Boissay, Frederic & Collard, Fabrice & Galí, Jordi & Manea, Cristina, 2022, "Monetary Policy and Endogenous Financial Crises," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16825, Jan.
• Adam, Klaus & Gautier, Erwan & Santoro, Sergio & Weber, Henning, 2021, "The Case for a Positive Euro Area Inflation Target: Evidence from France, Germany and Italy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16828, Dec.
• Bachmann, Rüdiger & Sims, Eric & Goedl Hanisch, Isabel, 2021, "Identifying Monetary Policy Shocks Using the Central Bank’s Information Set," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16836, Dec.
• Wolf, Martin & Zessner-Spitzenberg, Leopold, 2021, "Fear of Hiking? Monetary Policy and Sovereign Risk," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 16837, Dec.
• Christophe Blot & Fabien Labondance, 2021, "Beyond the Interest Rate Pass-through: Monetary Policy and Banks Interest Rates during the Effective Lower Bound," Working Papers, CRESE, number 2021-03, Jul.
• Federico Bassi & Andrea Boitani, 2021, "Monetary and macroprudential policy: The multiplier effects of cooperation," DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE), number def110, Sep.
• Max Breitenlechner & Georgios Georgiadis & Ben Schumann, 2021, "What goes around comes around: How large are spillbacks from US monetary policy?," GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit, number GRU_2021_003, Feb.
• Raouf Boucekkine & M. Laksaci & M. Touati-Tliba, 2021, "Long-run stability of money demand and monetary policy: the case of Algeria," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2021001, Jan.
• Boris Chafwehé & Charles de Beauffort & Rigas Oikonomou, 2021, "Debt Management in a World of Fiscal Dominance," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2021018, Jul.
• Jianhua Feng & Chan Wang & Liyuan Wu & Dingsheng Zhang, 2021, "Unemployment, Trade Openness and Optimal Monetary Policy," Annals of Economics and Finance, Society for AEF, volume 22, issue 1, pages 231-253, May.
• Thomas A. Lubik & Massimiliano Marzo, 2021, "Fiscal Policy Perceptions in a Behavioral New Keynesian Model," Annals of Economics and Finance, Society for AEF, volume 22, issue 2, pages 255-287, November.
• Paludkiewicz, Karol, 2021, "Unconventional Monetary Policy, Bank Lending, and Security Holdings: The Yield-Induced Portfolio-Rebalancing Channel," Journal of Financial and Quantitative Analysis, Cambridge University Press, volume 56, issue 2, pages 531-568, March.
• Tavlas, George S., 2021, "A Reconsideration Of The Doctrinal Foundations Of Monetary Policy Rules: Fisher Versus Chicago," Journal of the History of Economic Thought, Cambridge University Press, volume 43, issue 1, pages 55-82, March.
• Annicchiarico, Barbara & Pelloni, Alessandra, 2021, "Innovation, Growth, And Optimal Monetary Policy," Macroeconomic Dynamics, Cambridge University Press, volume 25, issue 5, pages 1175-1198, July.
• Cova, Pietro & Notarpietro, Alessandro & Pagano, Patrizio & Pisani, Massimiliano, 2021, "Secular Stagnation, R&D, Public Investment, And Monetary Policy: A Global-Model Perspective," Macroeconomic Dynamics, Cambridge University Press, volume 25, issue 5, pages 1267-1287, July.
• Qureshi, Irfan A., 2021, "The Role Of Money In Federal Reserve Policy," Macroeconomic Dynamics, Cambridge University Press, volume 25, issue 8, pages 2037-2057, December.
• Franta, Michal, 2021, "The Likelihood Of Effective Lower Bound Events," Macroeconomic Dynamics, Cambridge University Press, volume 25, issue 8, pages 2058-2079, December.
• Chatelain, Jean-Bernard & Ralf, Kirsten, 2021, "Hopf Bifurcation From New-Keynesian Taylor Rule To Ramsey Optimal Policy," Macroeconomic Dynamics, Cambridge University Press, volume 25, issue 8, pages 2204-2236, December.
• Jean Louis EKOMANE, 2021, "How is monetary policy transmittedto the Human Development Index?," Journal of Economics and Political Economy, EconSciences Journals, volume 8, issue 4, pages 261-275, December.
• Jiemin SHENG, 2021, "The balance sheet of the exchange stabilization fund, 1934-2019," Journal of Economics Library, EconSciences Journals, volume 8, issue 3, pages 156-164, September.
• Ray C. Fair, 2021, "What Do Price Equations Say About Future Inflation?," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University, number 2287, May.
• Nektarios Michail & Agorasti Patronidou & Ioanna Evangelou, 2021, "Does Household Behaviour Depend on Monetary Policy? Evidence from Cyprus," Working Papers, Central Bank of Cyprus, number 2021-01, Oct.
• Lina El-Jahel & Robert MacCulloch & Hamed Shafiee, 2021, "How does monetary policy affect welfare? Some new estimates using data on life evaluation and emotional well-being," Working Papers, University of Auckland, Economic Policy Center (EPC), number 005, Apr.
• Владимир Сиркаров, 2021, "Оптимизиране На Паричните Агрегати От Гледна Точка На Австрийската Парична Теория – Възможности И Ефекти," Electronic magazine "Dialogue", D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 3 Year 20, pages 79-95.
• Franziska Bremus & Franziska Schütze & Aleksandar Zaklan, 2021, "ECB Policy Facilitating Corporate Financing in the Green Bond Market," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, volume 11, issue 22, pages 147-154.
• Kerstin Bernoth & Gökhan Ider, 2021, "Inflation in the Euro Area: Factors Mostly Have Only a Temporary Effect, but Risk of Prolonged Elevated Inflation Remains," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, volume 11, issue 41/42, pages 315-323.
• Franziska Bremus & Franziska Schütze & Aleksandar Zaklan, 2021, "EZB-Politik erleichtert Unternehmen Finanzierung am Markt grüner Anleihen," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, volume 88, issue 22, pages 367-375.
• Kerstin Bernoth & Gökhan Ider, 2021, "Inflation im Euroraum: Faktoren wirken meist nur temporär, aber Risiko für länger erhöhte Inflation vorhanden," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, volume 88, issue 42, pages 695-704.
• Geraldine Dany-Knedlik & Andrea Papadia, 2021, "Berücksichtigung von selbstgenutztem Wohnen im Preisindex kann Glaubwürdigkeit der EZB stärken," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, volume 88, issue 49, pages 795-802.
• Franziska Bremus & Franziska Schütze & Aleksandar Zaklan, 2021, "The Impact of ECB Corporate Sector Purchases on European Green Bonds," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1938.
• Hannah Magdalena Seidl & Fabian Seyrich, 2021, "Unconventional Fiscal Policy in HANK," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1953.
• John Beirne & Yannis Dafermos & Alexander Kriwoluzky & Nuobu Renzhi & Ulrich Volz & Jana Wittich, 2021, "The Effects of Natural Disasters on Price Stability in the Euro Area," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 1981.
• Yvo Mudde & Anna Samarina & Robert Vermeulen, 2021, "Spillover effects of sovereign bond purchases in the euro area," Working Papers, DNB, number 706, Jan.
• Nils Brouwer & Jakob de Haan, 2021, "The impact of providing information about the ECB's instruments on inflation expectations and trust in the ECB. Experimental evidence," Working Papers, DNB, number 707, Mar.
• Gabriele Galati & Richhild Moessner & Maarten van Rooij, 2021, "Anchoring of consumers’ long-term euro area inflation expectations during the pandemic," Working Papers, DNB, number 715, Jun.
• Jorien Freriks & Jan Kakes, 2021, "Bank interest rate margins in a negative interest rate environment," Working Papers, DNB, number 721, Jul.
• Carin van der Cruijsen & Anna Samarina, 2021, "Trust in the ECB in turbulent times," Working Papers, DNB, number 722, Jul.
• Guido Ascari & Luca Fosso, 2021, "The Inflation Rate Disconnect Puzzle: On the International Component of Trend Inflation and the Flattening of the Phillips Curve," Working Papers, DNB, number 733, Dec.
• Guido Ascari & Sophocles Mavroeidis, 2021, "The unbearable lightness of equilibria in a low interest rate environment," Working Papers, DNB, number 734, Dec.
• Thiago Revil T. Ferreira & Samer Shousha, 2021, "Supply of Sovereign Safe Assets and Global Interest Rates," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1315, Apr, DOI: 10.17016/IFDP.2021.1315.
• Francesco Bianchi & Jonas D. M. Fisher & Leonardo Melosi, 2021, "Some inflation scenarios for the American Rescue Plan Act of 2021," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue 453, pages 1-8, April.
• Joel M. David & David Zeke, 2021, "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2021-01, Jan, DOI: 10.21033/wp-2021-01.
• Fabio Canova & Filippo Ferroni, 2021, "A Hitchhiker’s Guide to Empirical Macro Models," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2021-15, Sep, revised 03 Oct 2021, DOI: 10.21033/wp-2021-15.
• Karlye Dilts Stedman & Chaitri Gulati, 2021, "When Normalizing Monetary Policy, the Order of Operations Matters," Economic Bulletin, Federal Reserve Bank of Kansas City, issue October 1, pages 1-4, October.
• Taeyoung Doh & Sungil Kim & Shu-Kuei X. Yang, 2021, "How You Say It Matters: Text Analysis of FOMC Statements Using Natural Language Processing," Economic Review, Federal Reserve Bank of Kansas City, volume 106, issue no.1, pages 25-40, February, DOI: 10.18651/ER/v106n1DohKimYang.
• Brent Bundick & Andrew Lee Smith, 2021, "Did the Federal Reserve Anchor Inflation Expectations Too Low?," Economic Review, Federal Reserve Bank of Kansas City, volume 106, issue no.1, pages 5-23, March, DOI: 10.18651/ER/v106n1BundickSmith.
• Jerome H. Powell, 2021, "Opening Remarks: Monetary Policy in the Time of COVID," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 1-15, August.
• Cooper Howes, 2021, "Financial Constraints, Sectoral Heterogeneity, and the Cyclicality of Investment," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 21-06, Aug, DOI: 10.18651/RWP2021-06.
• Kevin L. Kliesen & David C. Wheelock, 2021, "Managing a New Policy Framework: Paul Volcker, the St. Louis Fed, and the 1979-82 War on Inflation," Review, Federal Reserve Bank of St. Louis, volume 103, issue 1, pages 71-97, January, DOI: 10.20955/r.103.71-97.
• Dario Caldara & Etienne Gagnon & Enrique Martínez García & Christopher J. Neely, 2021, "Monetary Policy and Economic Performance Since the Financial Crisis," Review, Federal Reserve Bank of St. Louis, volume 103, issue 4, pages 425-460, October, DOI: 10.20955/r.103.425-60.
• Miguel Faria-e-Castro & Pascal Paul & Juan M. Sanchez, 2021, "Evergreening," Working Papers, Federal Reserve Bank of St. Louis, number 2021-012, Oct, revised Aug 2023, DOI: 10.20955/wp.2021.012.
• Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Paul Wachtel, 2021, "Monetary Policy and Racial Inequality," Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis, number 45, Feb, DOI: 10.21034/iwp.45.
• Nils M. Gornemann & Keith Kuester & Makoto Nakajima, 2021, "Doves for the Rich, Hawks for the Poor? Distributional Consequences of Systematic Monetary Policy," Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis, number 50, Jun, DOI: 10.21034/iwp.50.
• Alisdair McKay & Johannes F. Wieland, 2021, "Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy," Staff Report, Federal Reserve Bank of Minneapolis, number 622, Feb, DOI: 10.21034/sr.622.
• V. V. Chari & Luis Pérez, 2021, "Comment on Iovino, La’O and Mascarenhas, “Optimal Monetary Policy and Disclosure with an Informationally-Constrained Central Banker”," Staff Report, Federal Reserve Bank of Minneapolis, number 628, Nov, DOI: 10.21034/sr.628.
• Han Gao & Mariano Kulish & Juan Pablo Nicolini, 2021, "Two Illustrations of the Quantity Theory of Money Reloaded," Staff Report, Federal Reserve Bank of Minneapolis, number 633, Dec, DOI: 10.21034/sr.633.
• Han Gao & Mariano Kulish & Juan Pablo Nicolini, 2021, "Online Appendix for: Two Illustrations of the Quantity Theory of Money Reloaded," Staff Report, Federal Reserve Bank of Minneapolis, number 634, Dec, DOI: 10.21034/sr.634.
• Callum J. Jones & Mariano Kulish & Juan Pablo Nicolini, 2021, "Priors and the Slope of the Phillips Curve," Working Papers, Federal Reserve Bank of Minneapolis, number 778, Mar, DOI: 10.21034/wp.778.
• Javier Bianchi & Louphou Coulibaly, 2021, "Liquidity Traps, Prudential Policies, and International Spillovers," Working Papers, Federal Reserve Bank of Minneapolis, number 780, Jul, DOI: 10.21034/wp.780.
• Luca Benati & Juan Pablo Nicolini, 2021, "Online Appendix for: The Welfare Costs of Inflation," Working Papers, Federal Reserve Bank of Minneapolis, number 784, Sep, DOI: 10.21034/wp.784.
• Luca Benati & Juan Pablo Nicolini, 2021, "The Welfare Costs of Inflation," Working Papers, Federal Reserve Bank of Minneapolis, number 783, Sep, DOI: 10.21034/wp.783.