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

2020

• Alisdair McKay & Johannes F. Wieland, 2020, "Forward Guidance and Durable Goods Demand," NBER Working Papers, National Bureau of Economic Research, Inc, number 28066, Nov.
• Xing Guo & Pablo Ottonello & Diego J. Perez, 2020, "Monetary Policy and Redistribution in Open Economies," NBER Working Papers, National Bureau of Economic Research, Inc, number 28213, Dec.
• Harald Uhlig & Taojun Xie, 2020, "Parallel Digital Currencies and Sticky Prices," NBER Working Papers, National Bureau of Economic Research, Inc, number 28300, Dec.
• Jonathan H. Wright, 2020, "Event-day Options," NBER Working Papers, National Bureau of Economic Research, Inc, number 28306, Dec.
• Gadiy, L. & Dzhaokhadze, E. & Kiyutsevskaya, A. & Chembulatova, M., 2020, "Price and financial stability: Is there a contradiction between these goals of the Bank of Russia?," Journal of the New Economic Association, New Economic Association, volume 47, issue 3, pages 67-83, DOI: 10.31737/2221-2264-2020-47-3-3.
• Mark Setterfield, 2020, "Editorial to the special issue: The monetary economics of Basil J. Moore," Working Papers, New School for Social Research, Department of Economics, number 2002, Mar.
• Francesca Vinci & Omar Licandro, 2020, "Switching-track after the Great Recession," Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM), number 2020/02.
• Luiz Carlos de Almeida Jr & Elcyon C. Rocha Lima & Luiz Fernando de Paula, 2020, "Assimetrias nas respostas dos estados brasileiros aos choques na política monetária e no câmbio: uma análise utilizando um modelo FAVAR [Asymmetries of the Brazilian states’ responses to shocks in mon," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), volume 30, issue 1, pages 143-175, January-A.
• Jean Vinícius Marçal & Claudio Roberto Fóffano Vasconcelos & Silvinha Pinto Vasconcelos, 2020, "A transmissão da taxa de juros no Brasil sob uma abordagem não linear [The interest rate pass-through in Brazil under a nonlinear approach]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), volume 30, issue 1, pages 177-201, January-A.
• Anand, Abhishek & Chakraborty, Lekha, 2020, "Impact of Negative Interest Rate Policy on Emerging Asian markets: An Empirical Investigation," Working Papers, National Institute of Public Finance and Policy, number 20/307, Jun.
• Richhild Moessner & William Anthony Allen, 2020, "The Fed's enhanced swap lines and new interventions in the Treasury market," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 513, Mar.
• Dimitar Damyanov, 2020, "Intrasectoral Structural Convergence of the Economies of Bulgaria and Romania to the Eurozone," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 5, pages 141-156, December.
• Cristina Arellano & Yan Bai & Gabriel Mihalache, 2019, "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Department of Economics Working Papers, Stony Brook University, Department of Economics, number 19-02-rev1.
• Cristina Arellano & Yan Bai & Gabriel Mihalache, 2020, "Deadly Debt Crises: COVID-19 in Emerging Markets," Department of Economics Working Papers, Stony Brook University, Department of Economics, number 20-07, revised 2021.
• Goghie Alexandru-Ştefan, 2020, "Negative Consequences of Unconventional Monetary Policies Around the World: Zombification of Global Economics," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 01-2.
• Cerna Silviu, 2020, "The Negative Interest and Its Effects on the Financial System [Dobânda negativă şi efectele sale asupra sistemului financiar]," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03-4.
• Berardino Palazzo & Ram Yamarthy, 2020, "Credit Risk and the Transmission of Interest Rate Shocks," Working Papers, Office of Financial Research, US Department of the Treasury, number 20-05, Dec.
• Katharina Allinger & Julia Wörz, 2020, "The sensitivity of banks’ net interest margins to interest rate conditions in CESEE," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1/20, pages 51-70.
• Teresa Messner & Fabio Rumler, 2020, "Langfristige Determinanten der österreichischen Inflation – die Rolle des EU-Beitritts," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1-Q2/20, pages 169-179.
• Katharina Drescher & Pirmin Fessler & Peter Lindner, 2020, "Helicopter Money in Europe: New Evidence on the Marginal Propensity to Consume across European Households (Katharina Drescher, Pirmin Fessler, Peter Lindner)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 231, Jul.
• GIMBA John Toro & VINCENT Harrison S. & OYEDOKUN Godwin Emmanuel, 2020, "Effect Of Monetary Policy On The Performance Of Listed Deposit Money Banks In Nigeria," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, volume 1, issue 1, pages 482-503, July.
• Bruno Ćorić, 2020, "Inflation and Output Volatility: Evidence from International Historical Data," CESifo Economic Studies, CESifo Group, volume 66, issue 2, pages 157-180.
• Kenza Benhima & Isabella Blengini, 2020, "Optimal Monetary Policy when Information is Market-Generated," The Economic Journal, Royal Economic Society, volume 130, issue 628, pages 956-975.
• Athanasios Orphanides, 2020, "The fiscal–monetary policy mix in the euro area: challenges at the zero lower bound," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, volume 35, issue 103, pages 461-517.
• Michael Hachula & Michele Piffer & Malte Rieth, 2020, "Unconventional Monetary Policy, Fiscal Side Effects, and Euro Area (Im)balances," Journal of the European Economic Association, European Economic Association, volume 18, issue 1, pages 202-231.
• Sami Alpanda & Serdar Kabaca, 2020, "International Spillovers of Large-Scale Asset Purchases," Journal of the European Economic Association, European Economic Association, volume 18, issue 1, pages 342-391.
• Richard Ashley & Kwok Ping Tsang & Randal Verbrugge, 2020, "A new look at historical monetary policy (and the great inflation) through the lens of a persistence-dependent policy rule," Oxford Economic Papers, Oxford University Press, volume 72, issue 3, pages 672-691.
• Wojtek PaczosBy, 2020, "Optimal inflation, monetary integration, and asymmetric sticky prices," Oxford Economic Papers, Oxford University Press, volume 72, issue 3, pages 710-730.
• John Muellbauer, 2020, "Implications of household-level evidence for policy models: the case of macro-financial linkages," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, volume 36, issue 3, pages 510-555.
• Regis Barnichon & Geert Mesters, 2020, "Identifying Modern Macro Equations with Old Shocks," The Quarterly Journal of Economics, President and Fellows of Harvard College, volume 135, issue 4, pages 2255-2298.
• James Cloyne & Clodomiro Ferreira & Paolo Surico, 2020, "Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism," The Review of Economic Studies, Review of Economic Studies Ltd, volume 87, issue 1, pages 102-129.
• Zachary Bethune & Michael Choi & Randall Wright, 2020, "Frictional Goods Markets: Theory and Applications," The Review of Economic Studies, Review of Economic Studies Ltd, volume 87, issue 2, pages 691-720.
• Matthew W Clance & Riza Demirer & Rangan Gupta & Clement Kweku Kyei, 2020, "Predicting firm-level volatility in the United States: the role of monetary policy uncertainty," Economics and Business Letters, Oviedo University Press, volume 9, issue 3, pages 167-177.
• Fendel Ralf & Neugebauer Frederik, 2020, "Country-specific euro area government bond yield reactions to ECB’s non-standard monetary policy program announcements," German Economic Review, De Gruyter, volume 21, issue 4, pages 417-474, December, DOI: 10.1515/ger-2018-0094.
• Mause Karsten & Panreck Sebastian, 2020, "Die Geldpolitik der EZB: Spielt die Nationalität der Notenbanker (k)eine Rolle?," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, volume 71, issue 1, pages 149-179, April, DOI: 10.1515/ordo-2021-0005.
• Neyer Ulrike, 2020, "Die geldpolitischen Maßnahmen des Eurosystems in der Corona-Krise," Perspektiven der Wirtschaftspolitik, De Gruyter, volume 21, issue 3, pages 273-279, September, DOI: 10.1515/pwp-2020-0022.
• Christou Christina & Naraidoo Ruthira & Gupta Rangan, 2020, "Conventional and unconventional monetary policy reaction to uncertainty in advanced economies: evidence from quantile regressions," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 24, issue 3, pages 1-17, June, DOI: 10.1515/snde-2018-0056.
• Christou Christina & Naraidoo Ruthira & Gupta Rangan, 2020, "Conventional and unconventional monetary policy reaction to uncertainty in advanced economies: evidence from quantile regressions," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 24, issue 3, pages 1-17, June, DOI: 10.1515/snde-2018-0056.
• Liu Jinan & Serletis Apostolos, 2020, "Money growth variability and output: evidence with credit card-augmented Divisia monetary aggregates," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 24, issue 5, pages 1-11, December, DOI: 10.1515/snde-2019-0106.
• Faulwasser Timm & Gross Marco & Semmler Willi & Loungani Prakash, 2020, "Unconventional monetary policy in a nonlinear quadratic model," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 24, issue 5, pages 1-19, December, DOI: 10.1515/snde-2019-0099.
• Patricia Amalia MERCEA (HANDRO), 2020, "ANALYSIS OF THE MONETARY POLICY TRANSMISSION INTO CEEs COUNTRIES. A VAR APPROACH," Contemporary Economy Journal, Constantin Brancoveanu University, volume 5, issue 3, pages 90-102.
• Monica-Ionelia MARGARIT, 2020, "The Monetary Policy Instruments Of National Bank Of Romania And Their Evolution In Time," Contemporary Economy Journal, Constantin Brancoveanu University, volume 5, issue 4, pages 32-38.
• Kugler, Peter, 2020, "The Short-Run Impact of Interest Rates on Exchange Rates: Results for the Swiss franc Against the Euro and US Dollar from Daily Data 2001-2011," Working papers, Faculty of Business and Economics - University of Basel, number 2020/01.
• Kugler, Peter, 2020, "The Short-Run Impact of SNB Sight Deposits on Exchange Rates: Results from Weekly Data 2015 - 2018," Working papers, Faculty of Business and Economics - University of Basel, number 2020/04.
• Paul J.J. Welfens, 2020, "Doubts on the Role of Disturbance Variance in New Keynesian Models and Suggested Refinements," EIIW Discussion paper, Universitätsbibliothek Wuppertal, University Library, number disbei275, Oct.
• Jean-Paul Pollin, 2020, "Les politiques monétaires à l'épreuve de la libéralisation financière," Revue d'économie financière, Association d'économie financière, volume 0, issue 1, pages 219-244.
• Stéphane Dées & Pierre-François Weber, 2020, "Les conséquences du changement climatique pour la politique monétaire," Revue d'économie financière, Association d'économie financière, volume 0, issue 2, pages 243-257.
• Christian Pfister & Jean-Guillaume Sahuc, 2020, "Unconventional monetary policies: A stock-taking exercise," Revue d'économie politique, Dalloz, volume 130, issue 2, pages 137-169.
• Jean-Bernard Chatelain & Kirsten Ralf, 2020, "Policy Maker’s Credibility with Predetermined Instruments for Forward-Looking Targets," Revue d'économie politique, Dalloz, volume 130, issue 5, pages 823-846.
• Darmouni, O. & Giesecke, O. & Rodnyansky, R., 2020, "The Bond Lending Channel of Monetary Policy," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2049, May.
• Ricardo Branco & João Pinto & Ricardo Ribeiro, 2020, "The Pricing of Bank Bonds, Sovereign Credit Risk and ECB's Asset Purchase Programmes," Working Papers de Economia (Economics Working Papers), Católica Porto Business School, Universidade Católica Portuguesa, number 01, Jan.
• McInerney, Niall, 2020, "Macro-Financial Linkages in a Structural Model of the Irish Economy," Research Technical Papers, Central Bank of Ireland, number 03/RT/20, May.
• Nana Kwame Akosah & Paul Alagidede & Eric Schaling, 2020, "Interest Rate and Exchange Rate Volatility Spillovers: Multiscale Perspective of Monetary Policy Transmission in Ghana," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 1, pages 135-167.
• Vesna Martin, 2020, "Development of Inflation Expectations in Serbia and a Comparative Analysis," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 1, pages 61-79.
• Ali Awdeh & Zouhour Jomaa & Mohamad Kassem, 2020, "The Effect of Bank Heterogeneity on the Interest Rate Channel in Lebanon," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 1, pages 81-95.
• Muhammad Nadim Hanif & Javaid Iqbal & Syed Hamza Ali & Muhammad Abdus Salam, 2020, "Denoised Inflation: A New Measure of Core Inflation," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 2, pages 131-154.
• Samsul Anwar, 2020, "Weighting on Systemic Important Banking (SIB) in Indonesia: The Official Versus PCA Approaches," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 2, pages 155-182.
• Haryo Kuncoro, 2020, "Interest Rate Policy and Exchange Rates Volatility Lessons from Indonesia," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 2, pages 19-42.
• Borivoje Krušković, 2020, "Exchange Rate Targeting Versus Inflation Targeting: Empirical Analysis of the Impact on Employment and Economic Growth," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 2, pages 67-85.
• Atsushi Tanaka, 2020, "Monetary Base Controllability after an Exit from Quantitative Easing," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 3, pages 123-134.
• Lixin Sun, 2020, "On the People’s Bank of China’s Financial Strength and Policy Outcomes," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 3, pages 135-161.
• Jithin P & Suresh Babu M, 2020, "Testing for the Effectiveness of Inflation Targeting in India: A Factor Augmented Vector Autoregression (FAVAR) Approach," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 3, pages 163-182.
• Sanjay R. Singh & Nicolas Caramp, 2020, "Bond Premium Cyclicality and Liquidity Traps," Working Papers, University of California, Davis, Department of Economics, number 336, Jan.
• Nicolas Caramp, 2020, "Fiscal Policy and the Monetary Transmission Mechanism," Working Papers, University of California, Davis, Department of Economics, number 337, Jan.
• Gupta, Rangan & Ma, Jun & Theodoridis, Konstantinos & Wohar, Mark E, 2020, "Is there a National Housing Market Bubble Brewing in the United States?," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2020/3, Apr.
• Minford, Patrick & Gai, Yue & Ou, Zhirong, 2020, "Is housing collateral important to the business cycle? Evidence from China," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2020/6, May.
• Auerbach, Alan J & Gorodnichenko, Yuriy & Murphy, Daniel, 2020, "Effects of Fiscal Policy on Credit Markets," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley, number qt1qj0m1fb, May.
• Gopinath, Gita & Boz, Emine & Casas, Camila & Díez, Federico J & Gourinchas, Pierre-Olivier & Plagborg-Møller, Mikkel, 2020, "Dominant Currency Paradigm," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley, number qt52b56456, Mar.
• Hale, Galina B & Jones, Peter C & Spiegel, Mark M, 2020, "Home currency issuance in international bond markets," Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz, number qt7x13p439, Jan.
• Tomás Marinozzi & Mariano Fernández, 2020, "Una breve revisón sobre la literatura de las metas de inflación," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 755, Oct.
• Oliver Hülsewig & Horst Rottmann, 2020, "Euro Area Periphery Countries' Fiscal Policy and Monetary Policy Surprises," CESifo Working Paper Series, CESifo, number 8041.
• Adrien Auclert & Matthew Rognlie & Ludwig Straub, 2020, "Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model," CESifo Working Paper Series, CESifo, number 8051.
• Klaus Adam & Michael Woodford, 2020, "Robustly Optimal Monetary Policy in a New Keynesian Model with Housing," CESifo Working Paper Series, CESifo, number 8127.
• Michael D. Bauer & Eric T. Swanson, 2020, "The Fed's Response to Economic News Explains the "Fed Information Effect"," CESifo Working Paper Series, CESifo, number 8151.
• Francesco D'Acunto & Ulrike M. Malmendier & Michael Weber & Michael Weber, 2020, "Gender Roles and the Gender Expectations Gap," CESifo Working Paper Series, CESifo, number 8158.
• Nikolay Hristov & Oliver Hülsewig & Johann Scharler, 2020, "Unconventional Monetary Policy Shocks in the Euro Area and the Sovereign-Bank Nexus," CESifo Working Paper Series, CESifo, number 8178.
• Mehdi el Herradi & Jakob de Haan & Aurélien Leroy, 2020, "Inflation and the Income Share of the Rich: Evidence for 12 OECD Countries," CESifo Working Paper Series, CESifo, number 8203.
• Atif Mian & Ludwig Straub & Amir Sufi, 2020, "Indebted Demand," CESifo Working Paper Series, CESifo, number 8210.
• Francisco Ilabaca & Fabio Milani, 2020, "Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles," CESifo Working Paper Series, CESifo, number 8224.
• Markus K. Brunnermeier & Sebastian Merkel & Yuliy Sannikov, 2020, "The Fiscal Theory of the Price Level with a Bubble," CESifo Working Paper Series, CESifo, number 8278.
• Lutz Kilian & Xiaoqing Zhou, 2020, "Oil Prices, Gasoline Prices and Inflation Expectations: A New Model and New Facts," CESifo Working Paper Series, CESifo, number 8516.
• Refet S. Gürkaynak & A. Hakan Kara & Burcin Kisacikoglu, 2020, "Monetary Policy Surprises and Exchange Rate Behavior," CESifo Working Paper Series, CESifo, number 8557.
• Harald Badinger & Stefan Schiman, 2020, "Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates," CESifo Working Paper Series, CESifo, number 8558.
• Karl-Friedrich Israel & Gunther Schnabl, 2020, "Alternative Measures of Price Inflation and the Perception of Real Income in Germany," CESifo Working Paper Series, CESifo, number 8583.
• Pratiti Chatterjee & Fabio Milani, 2020, "Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle," CESifo Working Paper Series, CESifo, number 8608.
• Alessandro Cantelmo & Giovanni Melina, 2020, "Sectoral Labor Mobility and Optimal Monetary Policy," CESifo Working Paper Series, CESifo, number 8638.
• Guglielmo Maria Caporale & Luis A. Gil-Alana, 2020, "Persistence and Long Memory in Monetary Policy Spreads," CESifo Working Paper Series, CESifo, number 8664.
• Dirk Niepelt, 2020, "Monetary Policy with Reserves and CBDC: Optimality, Equivalence, and Politics," CESifo Working Paper Series, CESifo, number 8712.
• Hamza Bennani & Matthias Neuenkirch, 2020, "The Financial Accelerator in the Euro Area: New Evidence Using a Mixture VAR Model," CESifo Working Paper Series, CESifo, number 8740.
• Axelle Arquié & Jérôme Héricourt & Fabien Tripier, 2020, "Covid-19: Has the Time Come for Mainstream Macroeconomics to Rehabilitate Money Printing?," EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 28.
• António Afonso & Nuno Verdial, 2020, "Sovereign Debt Crisis in Portugal and Spain," EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 40.
• Magnus Reif, 2020, "Macroeconomics, Nonlinearities, and the Business Cycle," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 87, July.
• Sascha Möhrle & Timo Wollmershäuser, 2020, "Über die drohende Entankerung der Inflationserwartungen in der Eurozone und die Handlungsspielräume der EZB," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 73, issue 10, pages 30-32, October.
• Sascha Möhrle, 2020, "New Evidence on the Anchoring of Inflation Expectations in the Euro Area," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 337.
• Taisuke Nakata & Sebastian Schmidt & Paul Yoo, 2020, "Speed Limit Policy and Liquidity Traps," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-480, Apr.
• Timothy Hills & Taisuke Nakata & Takeki Sunakawa, 2020, "A Promised Value Approach to Optimal Monetary Policy," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-481, May.
• Taisuke Nakata & Takeki Sunakawa, 2020, "Credible Forward Guidance," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-484, May.
• Flora Budianto & Taisuke Nakata & Sebastian Schmidt, 2020, "Average Inflation Targeting and the Interest Rate Lower Bound," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-486, May.
• Silvia Miranda-Agrippino & Tsvetelina Nenova & Helene Rey, 2020, "Global Footprints of Monetary Policy," Discussion Papers, Centre for Macroeconomics (CFM), number 2004, Jan.
• Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2020, "Exchange Rate Misalignment and External Imbalances: What is the Optimal Monetary Policy Response?," Discussion Papers, Centre for Macroeconomics (CFM), number 2008, Jan.
• Jenny Chan, 2020, "Monetary Policy and Sentiment-Driven Fluctuations," Discussion Papers, Centre for Macroeconomics (CFM), number 2020, Jul.
• Iryna Kaminska & Haroon Mumtaz & Roman Sustek, 2020, "Monetary policy surprises and their transmission through term premia and expected interest rates," Discussion Papers, Centre for Macroeconomics (CFM), number 2024, Nov.
• Ricardo Reis, 2020, "The People versus the Markets: A Parsimonious Model of Inflation Expectations," Discussion Papers, Centre for Macroeconomics (CFM), number 2033, Dec.
• Anna Cieslak & Semyon Malamud & Andreas Schrimpf, 2020, "Policy Announcement Design," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-17, Jan.
• Eric Jondeau & Benoît Mojon & Jean-Guillaume Sahuc, 2020, "A New Indicator of Bank Funding Cost," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-20, Apr.
• Christoph Basten & Mike Mariathasan, 2020, "Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of Central Bank Reserves," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-98, Nov.
• Aymeric Ortmans & Fabien Tripier, 2020, "COVID-Induced Sovereign Risk in the Euro Area: When Did the ECB Stop the Contagion?," Working Papers, CEPII research center, number 2020-11, Oct.
• Thomas Chuffart & Cyril Dell'Eva, 2020, "The role of carry trades on the effectiveness of Japan's quantitative easing," International Economics, CEPII research center, issue 161, pages 30-40.
• Fernando Nascimento de Oliveira & Wagner Piazza Gaglianone, 2020, "Expectations anchoring indexes for Brazil using Kalman filter: Exploring signals of inflation anchoring in the long term," International Economics, CEPII research center, issue 163, pages 72-91.
• FrIrina Kozlovtceva & Alexey Ponomarenko & Andrey Sinyakov & Stas Tatarintsev, 2020, "A case for leaning against the wind in a commodity-exporting economy," International Economics, CEPII research center, issue 164, pages 86-114.
• Axelle Arquié & Jérôme Héricourt & Fabien Tripier, 2020, "Covid-19: Has the Time Come for Mainstream Macroeconomics to Rehabilitate Money Printing?," CEPII Policy Brief, CEPII research center, number 2020-31, Apr.
• Juan Carlos Medina Guirado, 2020, "Unconventional monetary policy and credit market activity," Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la Universidad Autónoma de Ciudad Juárez., Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez, number 57, Jan, revised 04 Jan 2020.
• David Martinez-Miera & Rafael Repullo, 2020, "Interest Rates, Market Power, and Financial Stability," Working Papers, CEMFI, number wp2020_2017, Jul.
• Rafael Repullo, 2020, "The Reversal Interest Rate. A Critical Review," Working Papers, CEMFI, number wp2020_2021, Oct.
• Rafael Repullo, 2020, "The Deposits Channel of Monetary Policy. A Critical Review," Working Papers, CEMFI, number wp2020_2025, Dec.
• Simona Malovana & Josef Bajzik & Dominika Ehrenbergerova & Jan Janku, 2020, "A Prolonged Period of Low Interest Rates: Unintended Consequences," Research and Policy Notes, Czech National Bank, Research and Statistics Department, number 2020/02, Dec.
• Dominika Ehrenbergerova & Josef Bajzik, 2020, "The Effect of Monetary Policy on House Prices - How Strong is the Transmission?," Working Papers, Czech National Bank, Research and Statistics Department, number 2020/14, Dec.
• Laura G√≥mez-Acevedo & Marc Hofstetter, 2020, "Disinflations and income distribution," Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE, number 18481, Oct.
• Martha López & Camilo Bohorquez-Penuela & Juan Esteban Carranza & Stefany Moreno-Burbano & Anderson Grajales-Olarte & Mauricio Pinz�n Latorre & Jose Pulido, 2020, "Crédito y efectos reales en Colombia 2000-2017: evidencia con microdatos," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, issue 94, pages 1-55.
• David Rodríguez González & In�s Mar�a Ulloa Villegas, 2020, "Crisis financiera mundial y sus efectos sobre el canal del crédito bancario en la economía colombiana," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue No. 93, pages 261-296.
• Nicolle Valentina Herrera Pinto, 2020, "La crisis argentina del 2002 desde la perspectiva del ciclo económico austriaco," Econógrafos, Escuela de Economía, Universidad Nacional de Colombia, FCE, CID, number 18059, Mar.
• Atahan Afsar; José Elías Gallegos; Richard Jaimes; Edgar Silgado Gómez & Jos� El�as Gallegos & Richard Jaimes & Edgar Silgado G�mez, 2020, "Reconciling Empirics and Theory: The Behavioral Hybrid New Keynesian Model," Vniversitas Económica, Universidad Javeriana - Bogotá, volume 0, issue 0, pages 1-41.
• Mario González & Raul Cruz Tadle, 2020, "Signaling and Financial Market Impact of Chile’s Central Bank Communication: A Content Analysis Approach," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, volume 0, issue Spring 20, pages 127-178.
• Paula Trivino Gaviria & Santiago Casta�o & Manuel Rubio Garc�a, 2020, "Política pública en tiempos del covid-19, entre la necesidad y la contingencia," Documentos Doctorado en Ciencias Económicas, Universidad Nacional de Colombia, FCE, CID, number 18077, Apr.
• Carlos David Cardona-Arenas & Lya Paola Sierra-Su�rez, 2020, "Impacto de la política monetaria en el equilibrio del mercado de trabajo: países de la Alianza del Pacífico," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, volume 12, issue 2, pages 491-521.
• Roberto Steiner, 2020, "Fedesarrollo y la política monetaria," Libros Fedesarrollo, Fedesarrollo, number 18372, June.
• Fedesarrollo, 2020, "Fedesarrollo : 50 anos de influencia en política pública," Libros Fedesarrollo, Fedesarrollo, number 18383, June.
• Paola Mariell Brens Ortega, 2020, "An Econometric Analysis of a Calibrated Macroeconomic Model for the Dominican Republic: A Closer Look into Monetary Policy," Documentos de Trabajo, The Latin American and Caribbean Economic Association (LACEA), number 18253, Jul.
• M. Gomez, 2020, "Optimal monetary policy in a dual labor market: the role of informality," Documentos de trabajo - Alianza EFI, Alianza EFI, number 19124, Nov.
• M. Gomez & J. Hairault, 2020, "Optimal Monetary Policy with Informality: A First Pass," Documentos de trabajo - Alianza EFI, Alianza EFI, number 19125, Jun.
• Di Bartolomeo, Giovanni & Di Pietro, Marco & Giannini, Bianca, 2020, "Optimal monetary policy in a New Keynesian model with heterogeneous expectations," Dynare Working Papers, CEPREMAP, number 54, Feb.
• Van Nguyen, Phuong, 2020, "The Vietnamese business cycle in an estimated small open economy New Keynesian DSGE model," Dynare Working Papers, CEPREMAP, number 56, Feb.
• Umba, Gilles Bertrand, 2020, "Estimation bayésienne d’un modèle DSGE pour une petite économie ouverte : Cas de la RD Congo," Dynare Working Papers, CEPREMAP, number 57, Feb.
• Baksa, Dániel & Munkácsi, Zsuzsa, 2020, "More Gray, More Volatile? Aging and (Optimal) Monetary Policy," Dynare Working Papers, CEPREMAP, number 58, Feb.
• Cho, Deaha & Han, Yoonshin & Oh, Joonseok & Rogantini Picco, Anna, 2020, "Optimal Monetary Policy and Uncertainty Shocks," Dynare Working Papers, CEPREMAP, number 61, Jun.
• Aliaga Miranda, Augusto, 2020, "Monetary policy rules for an open economy with financial frictions: A Bayesian approach," Dynare Working Papers, CEPREMAP, number 62, Jun.
• Seyed Mohammadreza Davoodalhosseini & Francisco Rivadeneyra, 2020, "A Policy Framework for E-Money," Canadian Public Policy, University of Toronto Press, volume 46, issue 1, pages 94-106, March, DOI: 10.3138/cpp.2019-010.
• Peydró, José-Luis & Dassatti, Cecilia & Rodriguez Tous, Francesc & Vicente, Sergio, 2020, "Macroprudential and monetary policy: loan-level evidence from reserve requirements," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14224, Jul.
• McMahon, Michael & Haldane, Andrew & Macaulay, Alistair, 2020, "The 3 E’s of Central Bank Communication with the Public," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14265, Jan.
• de Groot, Oliver & Haas, Alexander, 2020, "The Signalling Channel of Negative Interest Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14268, Jan.
• Auclert, Adrien & Rognlie, Matthew & Straub, Ludwig, 2020, "Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14279, Jan.
• Altavilla, Carlo & Boucinha, Miguel & Peydró, José-Luis & Smets, Frank, 2020, "Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14288, Jan.
• Cavalcanti, Tiago & Antunes, António & Mendicino, Caterina & Peruffo, Marcel & Villamil, Anne, 2020, "Tighter Credit and Consumer Bankruptcy Insurance," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14330, Jan.
• Hale, Galina & Bevilaqua, Julia & Tallman, Eric, 2020, "Corporate Yields and Sovereign Yields," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14344, Jan.
• Hale, Galina & Bevilaqua, Julia & Tallman, Eric, 2020, "Corporate Yields: Effect of Credit Ratings and Sovereign Yields," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14345, Jan.
• Schmidt, Sebastian & Budianto, Flora & Nakata, Taisuke, 2020, "Average Inflation Targeting and the Interest Rate Lower Bound," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14400, Feb.
• Acharya, Sushant & CHALLE, Edouard & Dogra, Keshav, 2020, "Optimal Monetary Policy According to HANK," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14429, Feb.
• Adrian, Tobias & Duarte, Fernando & Liang, Nellie & Zabczyk, Pawel, 2020, "Monetary and Macroprudential Policy with Endogenous Risk," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14435, Feb.
• Adam, Klaus & Woodford, Michael, 2020, "Robustly Optimal Monetary Policy in a New Keynesian Model with Housing," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14445, Feb.
• Rossi, Barbara & Sekhposyan, Tatevik & Hoesch, Lukas, 2020, "Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14456, Feb.
• Rossi, Barbara, 2020, "Forecasting in the Presence of Instabilities: How Do We Know Whether Models Predict Well and How to Improve Them," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14472, Mar.
• Fornaro, Luca & ,, 2020, "Covid-19 Coronavirus and Macroeconomic Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14529, Mar.
• Linde, Jesper & Finocchiaro, Daria & Walentin, Karl & Chen, Jack, 2020, "The costs of macroprudential deleveraging in a liquidity trap," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14564, Apr.
• Iovino, Luigi & Angeletos, George-Marios & La'O, Jennifer, 2020, "Learning over the Business Cycle: Policy Implications," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14577, Apr.
• Primiceri, Giorgio & Del Negro, Marco & Lenza, Michele & Tambalotti, Andrea, 2020, "What's up with the Phillips Curve?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14583, Apr.
• Krueger, Dirk & Uhlig, Harald & Xie, Taojun, 2020, "Macroeconomic Dynamics and Reallocation in an Epidemic: Evaluating the "Swedish Solution''," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14607, Apr.
• Fasianos, Apostolos & Evgenidis, Anastasios, 2020, "Unconventional Monetary Policy and Wealth Inequalities in Great Britain," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14656, Apr.
• Rodnyansky, Alexander & Darmouni, Olivier, 2020, "The Bond Lending Channel of Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14659, Apr.
• Brunnermeier, Markus & Merkel, Sebastian & Sannikov, Yuliy, 2020, "The Fiscal Theory of the Price Level with a Bubble," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14680, Apr.
• Cieslak, Anna & Vissing-Jørgensen, Annette, 2020, "The Economics of the Fed Put," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14685, Apr.
• Hagedorn, Marcus & Mitman, Kurt, 2020, "Corona Policy According to HANK," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14694, May.
• Rebucci, Alessandro & Hartley, Jonathan, 2020, "An Event Study of COVID-19 Central Bank Quantitative Easing in Advanced and Emerging Economies," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14841, Jun.
• Söderström, Ulf & Billi, Roberto & Walsh, Carl, 2020, "The Role of Money in Monetary Policy at the Lower Bound," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14865, Jun.
• Koijen, Ralph & Yogo, Motohiro, 2020, "Exchange Rates and Asset Prices in a Global Demand System," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14874, Jun.
• Galí, Jordi, 2020, "Monetary Policy and Bubbles in New Keynesian Model with Overlapping Generations," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14887, Jun.
• Galí, Jordi & Billi, Roberto, 2020, "Gains from Wage Flexibility and the Zero Lower Bound," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14888, Jun.
• Mengus, Eric & Andrade, Philippe & Gautier, Erwan, 2020, "What Matters in Households' Inflation Expectations?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14905, Jun.
• Malmendier, Ulrike M., 2020, "Exposure to Grocery Prices and Inflation Expectations," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14930, Jun.
• Malmendier, Ulrike M. & D'Acunto, Francesco & Weber, Michael, 2020, "Gender Roles and the Gender Expectations Gap," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14932, Jun.
• Tahbaz-Salehi, Alireza & La'O, Jennifer, 2020, "Optimal Monetary Policy in Production Networks," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14944, Jun.
• Karadi, Peter & Nakov, Anton, 2020, "Effectiveness and Addictiveness of Quantitative Easing," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14951, Jun.
• Ghironi, Fabio & Cacciatore, Matteo, 2020, "Trade, Unemployment, and Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14952, Jun.
• Acharya, Viral & Plantin, Guillaume, 2022, "Monetary Easing, Leveraged Payouts and Lack of Investment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14958, Mar.
• Albagli, Elias & Calani, Mauricio & Hadzi-Vaskov, Metodij & Marcel, Mario & Ricci, Luca Antonio, 2020, "Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14967, Jun.
• Corsetti, Giancarlo & Duarte, Joao B. & Mann, Samuel, 2020, "One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14968, Jun.
• Auclert, Adrien & Rognlie, Matthew, 2020, "MPCs, MPEs and Multipliers: A Trilemma for New Keynesian Models," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14977, Jun.
• Peydró, José-Luis & Maddaloni, Angela, 2020, "Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking: Evidence from the Euro Area Securities Register," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14988, Jul.
• Peydró, José-Luis & Elliott, David & Meisenzahl, Ralf & Turner, Bryce C., 2020, "Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 14989, Jul.
• Monnet, Eric & Vari, Miklos, 2020, "A dilemma between liquidity regulation and monetary policy: some history and theory," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15001, Jul.
• Woodford, Michael & Xie, Yinxi, 2020, "Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15042, Jul.
• Ravenna, Federico & Walsh, Carl, 2020, "Worker heterogeneity, selection, and employment dynamics in the face of aggregate demand and pandemic shocks," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15043, Jul.
• Repullo, Rafael & Martinez-Miera, David, 2020, "Interest Rates, Market Power, and Financial Stability," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15063, Jul.
• Linde, Jesper & Adrian, Tobias & Erceg, Christopher J. & Zabczyk, Pawel & Zhou, Jianping, 2020, "A Quantitative Model for the Integrated Policy Framework," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15065, Jul.
• Ostry, Jonathan D. & Deb, Pragyan & Furceri, Davide & Tawk, Nour, 2020, "The Effect of Containment Measures on the COVID-19 Pandemic," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15086, Jul.
• Ostry, Jonathan D. & Deb, Pragyan & Furceri, Davide & Tawk, Nour, 2020, "The Economic Effects of COVID-19 Containment Measures," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15087, Jul.
• Caballero, Ricardo & Simsek, Alp, 2022, "Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15163, Jun.
• Kilian, Lutz & Zhou, Xiaoqing, 2020, "Oil Prices, Gasoline Prices and Inflation Expectations: A New Model and New Facts," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15168, Aug.
• Honkapohja, Seppo & Evans, George W. & Mitra, Kaushik, 2020, "Expectations, Stagnation and Fiscal Policy: a Nonlinear Analysis," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15171, Aug.
• Woodford, Michael, 2020, "Effective Demand Failures and the Limits of Monetary Stabilization Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15211, Aug.
• Huizinga, Harry & Demirgüç-Kunt, Asli & Horváth, Bálint, 2020, "Which firms benefit from corporate QE during the COVID-19 crisis? The case of the ECB’s Pandemic Emergency Purchase Program," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15224, Aug.
• Forbes, Kristin & Hjortsø, Ida & Nenova, Tsvetelina, 2020, "International Evidence on Shock-Dependent Exchange Rate Pass-Through," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15242, Sep.
• Peydró, José-Luis & Gonzalez, Rodrigo & Blanco Barroso, João Barata R. & van Doornik, Bernardus, 2020, "Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15274, Sep.
• Monnet, Eric & Puy, Damien, 2020, "Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15286, Sep.
• Gürkaynak, Refet & Kara, A. Hakan & KısacıkoÄŸlu, Burçin & Lee, Sang Seok, 2020, "Monetary Policy Surprises and Exchange Rate Behavior," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15289, Sep.
• Altavilla, Carlo & Barbiero, Francesca & Boucinha, Miguel & Burlon, Lorenzo, 2020, "The Great Lockdown: pandemic response policies and bank lending conditions," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15298, Sep.
• Wieland, Volker & Feld, Lars, 2020, "The German Federal Constitutional Court Ruling and the European Central Bank's Strategy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15320, Sep.
• Gersbach, Hans & Böser, Florian, 2020, "Monetary Policy with a Central Bank Digital Currency: The Short and the Long Term," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15322, Sep.
• Cecchetti, Stephen & Feroli, Michael & Kashyap, Anil & Mann, Catherine L. & Schoenholtz, Kermit L., 2020, "Monetary Policy in the Next Recession?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 15365, Oct.