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

• Fumitaka Nakamura & Nao Sudo & Yu Sugisaki, 2021, "A Quest for Monetary Policy Shocks in Japan by High Frequency Identification," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 21-E-02, Apr.
• Fumitaka Nakamura & Nao Sudo & Yu Sugisaki, 2021, "Monetary Policy Shocks and the Employment of Young, Middle-Aged, and Old Workers," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 21-E-06, Jun.
• R. Anton Braun & Daisuke Ikeda, 2021, "Monetary Policy over the Lifecycle," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 21-E-09, Aug.
• Athanasios Orphanides, 2021, "The Power of Central Bank Balance Sheets," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 21-E-10, Aug.
• Naoto Soma, 2021, "Parameter Uncertainty and Effective Lower Bound Risk," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 21-E-11, Nov.
• Athanasios Orphanides, 2021, "The Power of Central Bank Balance Sheets," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 39, pages 35-54, November.
• Aya Achour & Mr. Aleš Bulíř & Omar Chafik & Adam Remo, 2021, "The Morocco Policy Analysis Model: Theoretical Framework and Policy Scenarios," IMF Working Papers, International Monetary Fund, number 2021/122, Apr.
• Davide Furceri & Mr. Prakash Loungani & Mr. Jonathan David Ostry & Pietro Pizzuto, 2021, "Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics," IMF Working Papers, International Monetary Fund, number 2021/127, May.
• Mr. Pragyan Deb & Davide Furceri & Mr. Jonathan David Ostry & Nour Tawk & Naihan Yang, 2021, "The Effects of Fiscal Measures During COVID-19," IMF Working Papers, International Monetary Fund, number 2021/262, Nov.
• William A. Barnett & Taniya Ghosh & Masudul Hasan Adil, 2021, "Is money demand really unstable? Evidence from divisia monetary aggregates," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2021-005, Feb.
• Vikas Chamal & Ashima Goyal, 2021, "Liquidity management and monetary transmission: Empirical analysis for India," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2021-008, Mar.
• Ashima Goyal & Prashant Parab, 2021, "Effectiveness of expectations channel of monetary policy transmission: Evidence from India," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2021-011, Apr.
• Ashima Goyal & Prashant Parab, 2021, "Qualitative and quantitative Central Bank communications and professional forecasts: Evidence from India," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2021-014, Apr.
• Aeimit Lakdawala & Rajeswari Sengupta, 2021, "Measuring monetary policy shocks in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2021-021, Aug.
• Ashima Goyal, 2021, "What does the COVID-19 experience tell us about Indian growth drivers?," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2021-025, Nov.
• Victor PLATON & Andreea CONSTANTINESCU & Sorina JURIST, 2021, "Dimensiunea Regionalä‚ A Economiei Circulare Þn Ue ȘI Romã‚Nia," Working Papers, Institute of National Economy, number 10, Dec, revised Dec 2021.
• Ling Jin, 2021, "Is the credit channel alive? Evidence from firm-level data in Korea," Inha University IBER Working Paper Series, Inha University, Institute of Business and Economic Research, number 2021-1, Jan.
• Ling Jin, 2021, "Does the debt service channel work?," Inha University IBER Working Paper Series, Inha University, Institute of Business and Economic Research, number 2021-2, Jan.
• Dong Beom Choi & Hyun-Soo Choi, 2021, "The Effect of Monetary Policy on Bank Wholesale Funding," Management Science, INFORMS, volume 67, issue 1, pages 388-416, January, DOI: 10.1287/mnsc.2019.3463.
• Max Breitenlechner & Georgios Georgiadis & Ben Schumann, 2021, "What goes around comes around: How large are spillbacks from US monetary policy?," Working Papers, Faculty of Economics and Statistics, Universität Innsbruck, number 2021-05, May.
• Daniel Gründler & Eric Mayer & Johann Scharler, 2021, "Monetary Policy Announcements, Information Schocks, and Exchange Rate Dynamics," Working Papers, Faculty of Economics and Statistics, Universität Innsbruck, number 2021-16.
• Silvia Angerer & Jana Bolvashenkova & Daniela Glätzle-Rützler & Philipp Lergetporer & Matthias Sutter, 2021, "Children's patience and school-track choices several years later: Linking experimental and field data," Working Papers, Faculty of Economics and Statistics, Universität Innsbruck, number 2021-17.
• Mehdi El Herradi & Jakob de Haan & Aurelien Leroy, 2021, "Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries," Working Papers, ECINEQ, Society for the Study of Economic Inequality, number 570, Jan.
• Mislav Brkic, 2021, "Costs and benefits of government borrowing in foreign currency: is it a major source of risk for EU member states outside the Euro?," Public Sector Economics, Institute of Public Finance, volume 45, issue 1, pages 63-91, DOI: 10.3326/pse.45.1.2.
• Boris Chafwehé & Charles de Beauffort & Rigas Oikonomou, 2021, "Debt Management in a World of Fiscal Dominance," JRC Working Papers on Taxation & Structural Reforms, Joint Research Centre, number 2021-11, Jul.
• Greta Meggiorini & Fabio Milani, 2021, "Behavioral New Keynesian Models: Learning vs. Cognitive Discounting," Working Papers, University of California-Irvine, Department of Economics, number 202103, Apr.
• Zoë Venter, 2021, "Honing in on Housing," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2021/0163, Feb.
• André Teixeira & Zoë Venter, 2021, "Macroprudential Policy and Aggregate Demand," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2021/0181, Jun.
• Dengler, Thomas & Gehrke, Britta, 2021, "Short-Time Work and Precautionary Savings," IZA Discussion Papers, IZA Network @ LISER, number 14329, Apr.
• Elijah A. P. Udoh & Mohammed Dauda & Kayode J. Ajayi & Nene C. Ikpechukwu, 2021, "Towards Food Security- Monetary Policy Transmission In Nigeria: Does The Credit Channel Work?," Journal of Developing Areas, Tennessee State University, College of Business, volume 55, issue 1, pages 283-301, January-M.
• Marc Audi & Mohamad Kassem & Josse Roussel, 2021, "Determinants Of Banks Fragility In The Mena Region Using A Dynamic Model," Journal of Developing Areas, Tennessee State University, College of Business, volume 55, issue 1, pages 79-90, January-M.
• Oscar Gasanov, 2021, "Five Years of Inflation Targeting Without Economic Growth: What Should Be Changed? The Case of Russia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, volume 12, issue 3, pages 162-171, May, DOI: 10.5430/ijfr.v12n3p162.
• Philipp Harms & Jakub Knaze, 2021, "Effective Exchange Rate Regimes and Inflation," Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, number 2102, 01.
• Jochen Güntner & Johannes Henßler, 2021, "Ease on the Cannons, Tighten on the Trumpets: Geopolitical Risk and the Transmission of Monetary Policy Shocks," Economics working papers, Department of Economics, Johannes Kepler University Linz, Austria, number 2021-09, Apr.
• Klose Jens & Tillmann Peter, 2021, "COVID-19 and Financial Markets: A Panel Analysis for European Countries," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, volume 241, issue 3, pages 297-347, June, DOI: 10.1515/jbnst-2020-0063.
• William A. Barnett & Van H. Nguyen, 2021, "Constructing Divisia Monetary Aggregates for Singapore," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics, number 202114, Jun, revised Jun 2021.
• William A. Barnett & Giovanni Bella & Taniya Ghosh & Paolo Mattana & Beatrice Venturi, 2021, "Chaos in the UK New Keynesian Macroeconomy," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS, University of Kansas, Department of Economics, number 202119, Sep, revised Sep 2021.
• Katsuhiro Oshima, 2021, "Heterogeneous beliefs, monetary policy, and stock price volatility," Annals of Finance, Springer, volume 17, issue 1, pages 79-125, March, DOI: 10.1007/s10436-020-00379-9.
• Robert Jacek Wlodarski, 2021, "Non-Euro EU Member States and ECB-Originating Monetary Shocks: A Macroeconomic Policy Trilemma Question," Atlantic Economic Journal, Springer;International Atlantic Economic Society, volume 49, issue 3, pages 309-311, September, DOI: 10.1007/s11293-022-09731-y.
• Marco P. Tucci, 2021, "How Robust is Robust Control in Discrete Time?," Computational Economics, Springer;Society for Computational Economics, volume 58, issue 2, pages 279-309, August, DOI: 10.1007/s10614-020-10027-z.
• Chase Coleman & Spencer Lyon & Lilia Maliar & Serguei Maliar, 2021, "Matlab, Python, Julia: What to Choose in Economics?," Computational Economics, Springer;Society for Computational Economics, volume 58, issue 4, pages 1263-1288, December, DOI: 10.1007/s10614-020-09983-3.
• Cristiana Fiorelli & Alfredo Cartone & Matteo Foglia, 2021, "Shadow rates and spillovers across the Eurozone: a spatial dynamic panel model," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, volume 48, issue 1, pages 223-245, February, DOI: 10.1007/s10663-020-09483-5.
• Justinas Lubys & Pradiptarathi Panda, 2021, "US and EU unconventional monetary policy spillover on BRICS financial markets: an event study," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, volume 48, issue 2, pages 353-371, May, DOI: 10.1007/s10663-020-09480-8.
• Gian Maria Tomat, 2021, "Central bank policy in a monetary union with heterogeneous member countries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, volume 48, issue 3, pages 759-773, August, DOI: 10.1007/s10663-020-09485-3.
• Fatemeh Mokhtarzadeh & Luba Petersen, 2021, "Coordinating expectations through central bank projections," Experimental Economics, Springer;Economic Science Association, volume 24, issue 3, pages 883-918, September, DOI: 10.1007/s10683-020-09684-6.
• Robert Kollmann, 2021, "Effects of Covid-19 on Euro area GDP and inflation: demand vs. supply disturbances," International Economics and Economic Policy, Springer, volume 18, issue 3, pages 475-492, July, DOI: 10.1007/s10368-021-00516-3.
• Andrew Phiri & Lutho Mbekeni, 2021, "Fisher’s hypothesis, survey-based expectations and asymmetric adjustments: Empirical evidence from South Africa," International Economics and Economic Policy, Springer, volume 18, issue 4, pages 825-846, October, DOI: 10.1007/s10368-021-00498-2.
• Akaki Tsomaia, 2021, "Asset bubbles, financial sector, and current challenges to regulatory framework," International Economics and Economic Policy, Springer, volume 18, issue 4, pages 901-925, October, DOI: 10.1007/s10368-021-00508-3.
• Zhiming Fu & Antoine Le Riche, 2021, "Progressive consumption tax and monetary policy in an endogenous growth model," Journal of Economics, Springer, volume 133, issue 3, pages 271-293, August, DOI: 10.1007/s00712-021-00732-0.
• Cosmas Dery & Apostolos Serletis, 2021, "The Relative Importance of Monetary Policy, Uncertainty, and Financial Shocks," Open Economies Review, Springer, volume 32, issue 2, pages 311-333, April, DOI: 10.1007/s11079-020-09602-6.
• Montserrat Ferre & Judit Garcia & Carolina Manzano, 2021, "The Effects of Corruption in a Monetary Union," Open Economies Review, Springer, volume 32, issue 3, pages 539-557, July, DOI: 10.1007/s11079-020-09608-0.
• Guido Traficante, 2021, "Uncertain Potential Output: Implications for Monetary Policy in a Small Open Economy," Open Economies Review, Springer, volume 32, issue 5, pages 955-973, November, DOI: 10.1007/s11079-021-09650-6.
• Marc Anderes & Alexander Rathke & Sina Streicher & Jan-Egbert Sturm, 2021, "The role of ECB communication in guiding markets," Public Choice, Springer, volume 186, issue 3, pages 351-383, March, DOI: 10.1007/s11127-019-00733-0.
• Jac C. Heckelman & Bonnie Wilson, 2021, "Targeting inflation targeting: the influence of interest groups," Public Choice, Springer, volume 189, issue 3, pages 533-554, December, DOI: 10.1007/s11127-021-00905-x.
• Chaoying Lin & Lerong He & Guangqing Yang, 2021, "Targeted monetary policy and financing constraints of Chinese small businesses," Small Business Economics, Springer, volume 57, issue 4, pages 2107-2124, December, DOI: 10.1007/s11187-020-00365-5.
• Sangyong Joo & Daehwan Kim & Jeffrey Nilsen, 2021, "Monetary Policy and Long-Term Interest Rates in Korea: A Decomposition Analysis," Korean Economic Review, Korean Economic Association, volume 37, pages 327-366.
• Shigenori Shiratsuka, 2021, "Monetary Policy Effectiveness under the Ultra-Low Interest Rate Environment: Evidence from Yield Curve Dynamics in Japan," Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University, number 2021-012, Jun.
• Kohei Hasui & Teruyoshi Kobayashi & Tomohiro Sugo, 2021, "Optimal irreversible monetary policy," Discussion Papers, Graduate School of Economics, Kobe University, number 2109, Feb.
• Satoshi Hoshino & Daisuke Ida, 2021, "Stock prices and monetary policy in Japan: An analysis of a Bayesian DSGE model," Discussion Papers, Graduate School of Economics, Kobe University, number 2116, May.
• Czeczeli, Vivien, 2021, "A monetáris politika hatása a jövedelmi egyenlőtlenségekre
  [Monetary-policy effects on income inequalities]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), volume 0, issue 3, pages 282-299, DOI: 10.18414/KSZ.2021.3.282.
• Peter Andre & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021, "Narratives about the Macroeconomy," CEBI working paper series, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI), number 21-18, Nov.
• Christoph Lauper & Giacomo Mangiante, 2021, "Monetary policy shocks and inflation inequality," Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie, number 21.02a, Nov.
• Matthieu PICAULT & Julien PINTER & Thomas RENAULT, 2021, "Media sentiment on monetary policy: determinants and relevance for inflation expectations," LEO Working Papers / DR LEO, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans, number 2895.
• Tomas Reichenbachas & Linas Jurkšas & Rokas Kaminskas, 2021, "Natural real rates of interest across Euro area countries: Are R-stars getting closer together?," Bank of Lithuania Discussion Paper Series, Bank of Lithuania, number 24, Mar.
• Povilas Lastauskas & Julius Stakenas, 2021, "Dancing Alone or Together: The Dynamic Effects of Independent and Common Monetary Policies," Bank of Lithuania Working Paper Series, Bank of Lithuania, number 87, Mar.
• Alessia Paccagnini & Fabio Parla, 2021, "Identifying High-Frequency Shockswith Bayesian Mixed-Frequency VARs," Bank of Lithuania Working Paper Series, Bank of Lithuania, number 97, Dec.
• Konstantins Benkovskis & Olegs Tkacevs & Karlis Vilerts, 2021, "Interest Rate Spreads in the Baltics and the Rest of the Euro Area: Understanding the Factors behind the Differences," Discussion Papers, Latvijas Banka, number 2021/02, May.
• Andrejs Zlobins, 2021, "On the Time-varying Effects of the ECB's Asset Purchases," Working Papers, Latvijas Banka, number 2021/02, Oct.
• Lena Dräger & Michael J. Lamla & Damjan Pfajfar, 2021, "The Hidden Heterogeneity of Inflation and Interest Rate Expectations: The Role of Preferences," Working Paper Series in Economics, University of Lüneburg, Institute of Economics, number 402, May.
• Michael J. Lamla & Dmitri V. Vinogradov, 2021, "Is the Word of a Gentleman as Good as His Tweet? Policy communications of the Bank of England," Working Paper Series in Economics, University of Lüneburg, Institute of Economics, number 403, May.
• Biljana Jovanovic & Marko Josimovski, 2021, "Income-specific inflation rates and the effects of monetary policy: the case of North Macedonia," Working Papers, National Bank of the Republic of North Macedonia, number 2021-01.
• George J. Bratsiotis, 2021, "Interest on Reserves as a Main Monetary Policy Tool," Economics Discussion Paper Series, Economics, The University of Manchester, number 2102, Jan, revised Feb 2022.
• Bernd Hayo & Pierre-Guillaume Meon, 2021, "Measuring Household Inflation Perceptions and Expectations: The Effect of Guided vs Non-Guided Inflation Questions," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202127.
• Jens Klose, 2021, "Daily Monetary Policy Rules and the ECB's Medium-Term Orientation," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202129.
• Martin Baumgaertner & Johannes Zahner, 2021, "Whatever it takes to understand a central banker - Embedding their words using neural networks," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202130.
• Immaculate Machasio & Peter Tillmann, 2021, "Remittance Flows and U.S. Monetary Policy," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 202140.
• Soltani, Sedigheh & Falihi, Nemat & Mehrabiyan, Azadeh & Amiri, Hossein, 2021, "Investigating the Effects of Monetary and Financial Shocks on the Key Macroeconomic Variables, Focusing on the Intermediary Role of Banks Using DSGE Models," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, volume 16, issue 4, pages 477-500, December.
• Rumen Kostadinov & Francisco Roldán, 2021, "Credibility Dynamics and Inflation Expectations," Department of Economics Working Papers, McMaster University, number 2021-06, Apr.
• Ashima Goyal & Gagan Goel, 2021, "Correlated Shocks, Hysteresis, and the Sacrifice Ratio: Evidence from India," Emerging Markets Finance and Trade, Taylor & Francis Journals, volume 57, issue 10, pages 2929-2945, August, DOI: 10.1080/1540496X.2019.1668770.
• Enrico Sergio Levrero, 2021, "Estimates of the Natural Rate of Interest and the Stance of Monetary Policies: A Critical Assessment," International Journal of Political Economy, Taylor & Francis Journals, volume 50, issue 1, pages 5-27, February, DOI: 10.1080/08911916.2021.1894829.
• Lilian Muchimba & Alexis Stenfors, 2021, "Beyond LIBOR: Money Markets and the Illusion of Representativeness," Journal of Economic Issues, Taylor & Francis Journals, volume 55, issue 2, pages 565-573, April, DOI: 10.1080/00213624.2021.1915085.
• Attila Becsi & Gergely Bognar & Mate Loga, 2021, "The Growing Importance of the Economic Role of the Corporate Bond Market," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), volume 20, issue 4, pages 5-37..
• Balazs Vonnak, 2021, "Estimating the Effect of Monetary Policy with Dissenting Votes as Instrument," MNB Working Papers, Magyar Nemzeti Bank (Central Bank of Hungary), number 2021/4.
• Kenji Tanaka, 2021, "Why Do Interest Rates Remain Low Despite the Accumulation of Government Debt in Japan?," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, volume 17, issue 2, pages 1-33, November.
• Etsuro Shioji, 2021, "Does the Japanese Financial Market Believe in Fiscal Sustainability?: Analysis of the Market for the JGB Futures Options," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, volume 17, issue 2, pages 1-33, November.
• Tomoki Isa, 2021, "Demographic Effects on Prices: Is Aging Deflationary?," Discussion papers, Policy Research Institute, Ministry of Finance Japan, number ron342, Jul.
• Ayushi Bajaj & Nikhil Damodaran, 2021, "Consumer Payment Choice and the Heterogeneous Impact of India’s Demonetization," Monash Economics Working Papers, Monash University, Department of Economics, number 2021-15, Oct.
• Cole, Stephen J. & Huh, Sungjun, 2021, "Forward Guidance Effectiveness in a New Keynesian Model with Housing Frictions," Working Papers and Research, Marquette University, Center for Global and Economic Studies and Department of Economics, number 2021-07, Sep.
• Yayi Yan & Jiti Gao & Bin Peng, 2021, "On Time-Varying VAR models: Estimation, Testing and Impulse Response Analysis," Monash Econometrics and Business Statistics Working Papers, Monash University, Department of Econometrics and Business Statistics, number 17/21.
• Yayi Yan & Jiti Gao & Bin Peng, 2021, "Asymptotics for Time-Varying Vector MA(∞) Processes," Monash Econometrics and Business Statistics Working Papers, Monash University, Department of Econometrics and Business Statistics, number 22/21.
• Gert Bijnens & John Hutchinson & Jozef Konings & Arthur Saint Guilhem, 2021, "The interplay between green policy, electricity prices, financial constraints and jobs. Firm-level evidence," Working Paper Research, National Bank of Belgium, number 399, Apr.
• Zbigniew Polański & Mikołaj Szadkowski, 2021, "An accounting-based model of seigniorage, and recent monetary developments," Bank i Kredyt, Narodowy Bank Polski, volume 52, issue 5, pages 391-436.
• Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2021, "Aging, migration and monetary policy in Poland," NBP Working Papers, Narodowy Bank Polski, number 341.
• Silvia Miranda-Agrippino & Tsvetelina Nenova, 2021, "A Tale of Two Global Monetary Policies," NBER Chapters, National Bureau of Economic Research, Inc, "NBER International Seminar on Macroeconomics 2021".
• Yongyang Cai & Kenneth L. Judd, 2021, "A Simple but Powerful Simulated Certainty Equivalent Approximation Method for Dynamic Stochastic Problems," NBER Working Papers, National Bureau of Economic Research, Inc, number 28502, Feb.
• Sebastian Edwards & Luis Cabezas, 2021, "Exchange Rate Pass-Through, Monetary Policy, and Real Exchange Rates: Iceland and the 2008 Crisis," NBER Working Papers, National Bureau of Economic Research, Inc, number 28520, Mar.
• Alina Carare & Carlos de Resende & Andrew T. Levin & Chelsea Zhang, 2021, "Do Monetary Policy Frameworks Matter in Low Income Countries?," NBER Working Papers, National Bureau of Economic Research, Inc, number 28536, Mar.
• S. Borağan Aruoba & Marko Mlikota & Frank Schorfheide & Sergio Villalvazo, 2021, "SVARs With Occasionally-Binding Constraints," NBER Working Papers, National Bureau of Economic Research, Inc, number 28571, Mar.
• Cecilia R. Caglio & R. Matthew Darst & Ṣebnem Kalemli-Özcan, 2021, "Collateral Heterogeneity and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms," NBER Working Papers, National Bureau of Economic Research, Inc, number 28685, Apr.
• Scott R. Baker & Nicholas Bloom & Steven J. Davis & Marco C. Sammon, 2021, "What Triggers Stock Market Jumps?," NBER Working Papers, National Bureau of Economic Research, Inc, number 28687, Apr.
• Rohan Kekre & Moritz Lenel, 2021, "Monetary Policy, Redistribution, and Risk Premia," NBER Working Papers, National Bureau of Economic Research, Inc, number 28869, May.
• Adrien Auclert & Matthew Rognlie & Martin Souchier & Ludwig Straub, 2021, "Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel," NBER Working Papers, National Bureau of Economic Research, Inc, number 28872, May.
• Eduardo Dávila & Ansgar Walther, 2021, "Prudential Policy with Distorted Beliefs," NBER Working Papers, National Bureau of Economic Research, Inc, number 28879, Jun.
• Michael D. Bauer & Mikhail Chernov, 2021, "Interest Rate Skewness and Biased Beliefs," NBER Working Papers, National Bureau of Economic Research, Inc, number 28954, Jun.
• David Backus & Mikhail Chernov & Stanley E. Zin & Irina Zviadadze, 2021, "Monetary Policy Risk: Rules vs. Discretion," NBER Working Papers, National Bureau of Economic Research, Inc, number 28983, Jul.
• Ulrike Malmendier, 2021, "Experience Effects in Finance: Foundations, Applications, and Future Directions," NBER Working Papers, National Bureau of Economic Research, Inc, number 29074, Jul.
• Gauti B. Eggertsson & Cosimo Petracchi, 2021, "Mr. Keynes and the “Classics”; A Suggested Reinterpretation," NBER Working Papers, National Bureau of Economic Research, Inc, number 29158, Aug.
• Michael D. Bordo, 2021, "Central Bank Digital Currency in Historical Perspective: Another Crossroad in Monetary History," NBER Working Papers, National Bureau of Economic Research, Inc, number 29171, Aug.
• Chao Gu & Guido Menzio & Randall Wright & Yu Zhu, 2021, "Market Freezes," NBER Working Papers, National Bureau of Economic Research, Inc, number 29210, Sep.
• Christiane Baumeister, 2021, "Measuring Market Expectations," NBER Working Papers, National Bureau of Economic Research, Inc, number 29232, Sep.
• Francesco D’Acunto & Andreas Fuster & Michael Weber, 2021, "Diverse Policy Committees Can Reach Underrepresented Groups," NBER Working Papers, National Bureau of Economic Research, Inc, number 29275, Sep.
• Francesco D’Acunto & Daniel Hoang & Maritta Paloviita & Michael Weber, 2021, "Human Frictions in the Transmission of Economic Policies," NBER Working Papers, National Bureau of Economic Research, Inc, number 29279, Sep.
• Martin Beraja & Christian K. Wolf, 2021, "Demand Composition and the Strength of Recoveries," NBER Working Papers, National Bureau of Economic Research, Inc, number 29304, Sep.
• Kristin Forbes & Joseph Gagnon & Christopher G. Collins, 2021, "Low Inflation Bends the Phillips Curve around the World," NBER Working Papers, National Bureau of Economic Research, Inc, number 29323, Oct.
• Sebastian Edwards, 2021, "Macroprudential Policies and The Covid-19 Pandemic: Risks and Challenges For Emerging Markets," NBER Working Papers, National Bureau of Economic Research, Inc, number 29441, Oct.
• Greg Buchak & Jiayin Hu & Shang-Jin Wei, 2021, "FinTech as a Financial Liberator," NBER Working Papers, National Bureau of Economic Research, Inc, number 29448, Nov.
• Ruediger Bachmann & Isabel Gödl-Hanisch & Eric R. Sims, 2021, "Identifying Monetary Policy Shocks Using the Central Bank's Information Set," NBER Working Papers, National Bureau of Economic Research, Inc, number 29572, Dec.
• Robert G. King & Yang K. Lu, 2021, "The Rise, Fall and Stabilization of U.S. Inflation: Shifting Regimes and Evolving Reputation," NBER Working Papers, National Bureau of Economic Research, Inc, number 29585, Dec.
• Frederic Boissay & Fabrice Collard & Jordi Galí & Cristina Manea, 2021, "Monetary Policy and Endogenous Financial Crises," NBER Working Papers, National Bureau of Economic Research, Inc, number 29602, Dec.
• Viral V. Acharya & Simone Lenzu & Olivier Wang, 2021, "Zombie Lending and Policy Traps," NBER Working Papers, National Bureau of Economic Research, Inc, number 29606, Dec.
• King Yoong Lim & Chunping Liu & Shuonan Zhang, 2021, "Optimal Central Banking Policies: Envisioning the Post-Digital Yuan Economy with Loan Prime Rate-setting," NBS Discussion Papers in Economics, Economics, Nottingham Business School, Nottingham Trent University, number 2021/02, Jun.
• Grebenkina, A. & Khandruev, A., 2021, "Difference in intensity of exchange rate factors in countries with targeting inflation regime," Journal of the New Economic Association, New Economic Association, volume 51, issue 3, pages 125-143, DOI: 10.31737/2221-2264-2021-51-3-6.
• Kamila, Anshuman, 2021, "Fiscal dominance in India: An empirical estimation," Working Papers, National Institute of Public Finance and Policy, number 21/359, Nov.
• Luisa Corrado & Daniela Fantozzi, 2021, "Micro level data for macro models: the distributional effects of monetary policy," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 529, May.
• Cyrille Lenoel & Garry Young, 2021, "Modelling the impact of Covid-19 on the UK economy: an application of a disaggregated New-Keynesian model," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 531, Aug.
• Philip Turner, 2021, "The New Monetary Policy Revolution: Advice and Dissent," National Institute of Economic and Social Research (NIESR) Occasional Papers, National Institute of Economic and Social Research, number 60, Feb.
• Jagjit S. Chadha & Hande Kucuk & Adrian Pabst, 2021, "Designing a New Fiscal Framework: Understanding and Confronting Uncertainty," National Institute of Economic and Social Research (NIESR) Occasional Papers, National Institute of Economic and Social Research, number 61, Apr.
• William Allen, 2021, "Managing the Fiscal Risk of Higher Interest Rates," National Institute of Economic and Social Research (NIESR) Policy Papers, National Institute of Economic and Social Research, number 25, Mar.
• Dimitar Damyanov, 2021, "Inter-Industry Structural Convergence of Bulgaria’s Economy to the Eurozone," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 117-132, September.
• Pawel Merlo & Radoslaw Kulak & Zbigniew Warzocha, 2021, "Asean As An Optimal/Nonoptimal Currency Area," OLSZTYN ECONOMIC JOURNAL, University of Warmia and Mazury in Olsztyn, Faculty of Economic Sciences, volume 16, issue 1, pages 57-70, November, DOI: https://doi.org/10.31648/oej.7311.
• Martin Feldkircher & Paul Hofmarcher & Pierre L. Siklos, 2021, "What do central banks talk about? A European perspective on central bank communication," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/21, pages 61-81.
• Peter Breyer & Eleonora Endlich & Dieter Huber & Doris Oswald & Christoph Prenner & Lukas Reiss & Martin Schneider & Walter Waschiczek, 2021, "Corporate equity finance in Austria – impediments and possible improvements," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/21, pages 39-57.
• Peter Breyer & Eleonora Endlich & Dieter Huber & Doris Oswald & Christoph Prenner & Lukas Reiss & Martin Schneider & Walter Waschiczek, 2021, "Eigenkapitalausstattung österreichischer Unternehmen – Hindernisse und Handlungsoptionen," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/21, pages 1-22.
• Andreas Breitenfellner & Wolfgang Pointner, 2021, "The impact of climate change on monetary policy," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/21, pages 59-80.
• Claudia Kwapil & Kilian Rieder, 2021, "The effects of the monetary policy response to the COVID-19 pandemic: preliminary evidence from a pilot study using Austrian bank-level data," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/20-Q1/, pages 131-152.
• Ehrenbergerova, Dominika & Bajzik, Josef & Havranek, Tomas, 2021, "When Does Monetary Policy Sway House Prices? A Meta-Analysis," MetaArXiv, Center for Open Science, number npeqs_v1, May, DOI: 10.31219/osf.io/npeqs_v1.
• Tavlas, George S. & Assistant, JHET, 2021, "A Reconsideration of the Doctrinal Foundations of Monetary-Policy Rules: Fisher versus Chicago," OSF Preprints, Center for Open Science, number ap7w9, Feb, DOI: 10.31219/osf.io/ap7w9.
• Katsutoshi Takehana & Hisashi Tanizaki, 2021, "How did the Complementary Deposit Facility affect commercial bank fs demand for reserve? Empirical analysis using bank fs financial data," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 21-17, Nov.
• Antoine Camous & Dmitry Matveev, 2021, "Furor over the Fed: A President’s Tweets and Central Bank Independence," CESifo Economic Studies, CESifo Group, volume 67, issue 1, pages 106-127.
• Peter Sinclair & Lixin Sun, 2021, "China’s Monetary and Macroprudential Policies: Are They Complementary or Substitutive?," CESifo Economic Studies, CESifo Group, volume 67, issue 2, pages 186-209.
• Yangyang Ji, 2021, "The Effect of New Deal Policies Revisited," CESifo Economic Studies, CESifo Group, volume 67, issue 2, pages 238-249.
• Yangyang Ji, 2021, "Are Technology Shocks More Expansionary at the ZLB?," CESifo Economic Studies, CESifo Group, volume 67, issue 3, pages 296-317.
• Martin Flodén & Matilda Kilström & Jósef Sigurdsson & Roine Vestman, 2021, "Household Debt and Monetary Policy: Revealing the Cash-Flow Channel," The Economic Journal, Royal Economic Society, volume 131, issue 636, pages 1742-1771.
• Barbara Rossi, 2021, "Identifying and estimating the effects of unconventional monetary policy: How to do it and what have we learned?," The Econometrics Journal, Royal Economic Society, volume 24, issue 1, pages 1-32.
• Michael Cai & Marco Del Negro & Edward Herbst & Ethan Matlin & Reca Sarfati & Frank Schorfheide, 2021, "Online estimation of DSGE models," The Econometrics Journal, Royal Economic Society, volume 24, issue 1, pages 33-58.
• Henrik Yde Andersen & Søren Leth-Petersen, 2021, "Housing Wealth or Collateral: How Home Value Shocks Drive Home Equity Extraction and Spending," Journal of the European Economic Association, European Economic Association, volume 19, issue 1, pages 403-440.
• Morten O Ravn & Vincent Sterk, 2021, "Macroeconomic Fluctuations with HANK & SAM: an Analytical Approach," Journal of the European Economic Association, European Economic Association, volume 19, issue 2, pages 1162-1202.
• Riccardo M Masolo & Francesca Monti, 2021, "Ambiguity, Monetary Policy and Trend Inflation," Journal of the European Economic Association, European Economic Association, volume 19, issue 2, pages 839-871.
• David Cobham, 2021, "A comprehensive classification of monetary policy frameworks in advanced and emerging economies," Oxford Economic Papers, Oxford University Press, volume 73, issue 1, pages 2-26.
• Bernd Hayo & Florian Neumeier, 2021, "Explaining central bank trust in an inflation-targeting country: the case of the Reserve Bank of New Zealand," Oxford Economic Papers, Oxford University Press, volume 73, issue 1, pages 27-48.
• Uros Djuric & Michael Neugart, 2021, "Helicopter money: survey evidence on expectation formation and consumption behaviour," Oxford Economic Papers, Oxford University Press, volume 73, issue 1, pages 273-294.
• Volker Hahn, 2021, "Discretionary policy and multiple equilibria in a new Keynesian model," Oxford Economic Papers, Oxford University Press, volume 73, issue 1, pages 423-445.
• Anindya Banerjee & Georgios P Kouretas & Athanasios P Papadopoulos & George S Tavlas, 2021, "Ten years after the start of the euro crisis: lessons for financial markets and macroeconomic policies," Oxford Economic Papers, Oxford University Press, volume 73, issue 4, pages 1392-1403.
• Hiona Balfoussia & Harris Dellas & Dimitris Papageorgiou & Evangelia Vourvachaki, 2021, "How does the ZLB affect the properties of alternative exchange rate systems?," Oxford Economic Papers, Oxford University Press, volume 73, issue 4, pages 1404-1426.
• Theodoros Bratis & Nikiforos T Laopodis & Georgios P Kouretas, 2021, "Monetary policy expectations and sovereign risk dynamics in the Eurozone," Oxford Economic Papers, Oxford University Press, volume 73, issue 4, pages 1493-1515.
• Maurice Obstfeld, 2021, "The global capital market reconsidered
  [‘The Missed Opportunity and Challenge of Capital Regulation’]," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, volume 37, issue 4, pages 690-706.
• Samuel G Hanson & David O Lucca & Jonathan H Wright, 2021, "Rate-Amplifying Demand and the Excess Sensitivity of Long-Term Rates," The Quarterly Journal of Economics, President and Fellows of Harvard College, volume 136, issue 3, pages 1719-1781.
• Atif Mian & Ludwig Straub & Amir Sufi, 2021, "Indebted Demand," The Quarterly Journal of Economics, President and Fellows of Harvard College, volume 136, issue 4, pages 2243-2307.
• Lars P Feld & Volker Wieland, 2021, "The German Federal Constitutional Court Ruling and the European Central Bank’s Strategy," Journal of Financial Regulation, Oxford University Press, volume 7, issue 2, pages 217-253.
• M S Eichenbaum & B K Johannsen & S T Rebelo, 2021, "Monetary Policy and the Predictability of Nominal Exchange Rates," The Review of Economic Studies, Review of Economic Studies Ltd, volume 88, issue 1, pages 192-228.
• Óscar Arce & Sergio Mayordomo & Ricardo Gimeno, 2021, "Making Room for the Needy: The Credit-Reallocation Effects of the ECB’s Corporate QE
  [Whatever it takes: the real effects of unconventional monetary policy]," Review of Finance, European Finance Association, volume 25, issue 1, pages 43-84.
• Anusha Chari & Karlye Dilts Stedman & Christian Lundblad & Andrew Karolyi, 2021, "Taper Tantrums: Quantitative Easing, Its Aftermath, and Emerging Market Capital Flows
  [Pricing the term structure with linear regressions]," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 3, pages 1445-1508.
• Anna Cieslak & Annette Vissing-Jorgensen, 2021, "The Economics of the Fed Put," The Review of Financial Studies, Society for Financial Studies, volume 34, issue 9, pages 4045-4089.
• Andre, Peter & Pizzinelli, Carlo & Roth, Christopher & Wohlfart, Johannes, 2021, "Subjective Models of the Macroeconomy : Evidence from Experts and a Representative Sample," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics, number 1342.
• James Dean & Scott Schuh, 2021, "Is the Taylor Rule Still an Adequate Representation of Monetary Policy in Macroeconomic Models?," Working Papers, Department of Economics, West Virginia University, number 21-05, Dec.
• Sangyup Choi & David Furceri & Prakash Loungani & Myungkyu shim, 2021, "Inflation Anchoring and Growth: The Role of Credit Constraints," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2021rwp-188, Oct.
• Nelimarkka, Jaakko & Laine, Olli-Matti, 2021, "The effects of the ECB's pandemic-related monetary policy measures," BoF Economics Review, Bank of Finland, number 4/2021.
• Fungáčová, Zuzana & Kerola, Eeva & Weill, Laurent, 2021, "Does bank efficiency affect the bank lending channel in China?," BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT), number 3/2021.
• Li, Xiaoming & Liu, Zheng & Peng, Yuchao & Xu, Zhiwei, 2021, "Bank risk-taking and monetary policy transmission: Evidence from China," BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT), number 15/2021.
• Haavio, Markus & Laine, Olli-Matti, 2021, "Monetary policy rules and the effective lower bound in the Euro area," Bank of Finland Research Discussion Papers, Bank of Finland, number 5/2021.
• Honkapohja, Seppo & McClung, Nigel, 2021, "On robustness of average inflation targeting," Bank of Finland Research Discussion Papers, Bank of Finland, number 6/2021.
• Granziera, Eleonora & Jalasjoki, Pirkka & Paloviita, Maritta, 2021, "The bias and efficiency of the ECB inflation projections: A state dependent analysis," Bank of Finland Research Discussion Papers, Bank of Finland, number 7/2021.
• Kilponen, Juha & Vilmunen, Jouko & Vähämaa, Oskari, 2021, "Revisiting intertemporal elasticity of substitution in a sticky price model," Bank of Finland Research Discussion Papers, Bank of Finland, number 9/2021.
• D'Acunto, Francesco & Hoang, Daniel & Paloviita, Maritta & Weber, Michael, 2021, "Human frictions in the transmission of economic policy," Bank of Finland Research Discussion Papers, Bank of Finland, number 12/2021.
• Eo, Yunjong & McClung, Nigel, 2021, "Determinacy and E-stability with interest rate rules at the zero lower bound," Bank of Finland Research Discussion Papers, Bank of Finland, number 14/2021.
• Schmidt, Kirsten & Noth, Felix & Tonzer, Lena, 2021, "A note of caution on quantifying banks' recapitalization effects," Discussion Papers, Deutsche Bundesbank, number 02/2021.
• Boneva, Lena & Islami, Mevlud & Schlepper, Kathi, 2021, "Liquidity in the German corporate bond market: Has the CSPP made a difference?," Discussion Papers, Deutsche Bundesbank, number 08/2021.
• Bettendorf, Timo & Jochem, Axel, 2021, "What drives the German TARGET balances? Evidence from a BVAR approach," Discussion Papers, Deutsche Bundesbank, number 12/2021.
• Darracq Pariès, Matthieu & Kok Sørensen, Christoffer & Rottner, Matthias, 2021, "Reversal interest rate and macroprudential policy," Discussion Papers, Deutsche Bundesbank, number 24/2021.
• Adam, Klaus & Gautier, Erwan & Santoro, Sergio & Weber, Henning, 2021, "The case for a positive euro area inflation target: Evidence from France, Germany and Italy," Discussion Papers, Deutsche Bundesbank, number 26/2021.
• Bianchi, Francesco & Melosi, Leonardo & Rottner, Matthias, 2021, "Hitting the elusive inflation target," Discussion Papers, Deutsche Bundesbank, number 40/2021.
• Koenig, Philipp J. & Schliephake, Eva, 2021, "Bank risk-taking and impaired monetarypolicy transmission," Discussion Papers, Deutsche Bundesbank, number 42/2021.
• Hinterlang, Natascha & Tänzer, Alina, 2021, "Optimal monetary policy using reinforcement learning," Discussion Papers, Deutsche Bundesbank, number 51/2021.
• Beck, Thorsten & Bednarek, Peter & te Kaat, Daniel Marcel & von Westernhagen, Natalja, 2021, "Exchange rate depreciations and local business cycles: The role of bank loan supply," Discussion Papers, Deutsche Bundesbank, number 52/2021.
• Böhl, Gregor & Lieberknecht, Philipp, 2021, "The hockey stick Phillips curve and the effective lower bound," Discussion Papers, Deutsche Bundesbank, number 55/2021.
• Dobrew, Michael & Gerke, Rafael & Giesen, Sebastian & Röttger, Joost, 2021, "A comparison of monetary policy rules in a HANK model," Technical Papers, Deutsche Bundesbank, number 02/2021.
• Gerke, Rafael & Kienzler, Daniel & Scheer, Alexander, 2021, "Unconventional monetary policies at the effective lower bound," Technical Papers, Deutsche Bundesbank, number 03/2021.
• Röttger, Joost & Gerke, Rafael, 2021, "The incentive effects of monetary policy on fiscal policy behaviour," Technical Papers, Deutsche Bundesbank, number 04/2021.
• Gerke, Rafael & Giesen, Sebastian & Kienzler, Daniel & Röttger, Joost & Scheer, Alexander, 2021, "A comparison of monetary policy rules in an estimated TANK model," Technical Papers, Deutsche Bundesbank, number 05/2021.
• Zaghini, Andrea, 2021, "The Covid pandemic in the market: Infected, immune and cured bonds," CFS Working Paper Series, Center for Financial Studies (CFS), number 653.
• De Santis, Roberto A. & Zaghini, Andrea, 2021, "Unconventional monetary policy and corporate bond issuance," CFS Working Paper Series, Center for Financial Studies (CFS), number 654.