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

2019

• Francesco Corsello & Stefano Neri & Alex Tagliabracci, 2019, "Anchored or de-anchored? That is the question," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 516, Oct.
• Alessandro Secchi, 2019, "A two-tier system for remunerating banks’ excess liquidity in the euro area: aims and possible side effects," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 534, Dec.
• Giuseppe Grande & Adriana Grasso & Gabriele Zinna, 2019, "The effectiveness of the ECB’s asset purchases at the lower bound," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 541, Dec.
• Giuseppe Ferrero & Mario Pietrunti & Andrea Tiseno, 2019, "Benefits of gradualism or costs of inaction? Monetary policy in times of uncertainty," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1205, Feb.
• Andrea Colabella, 2019, "Do the ECB’s monetary policies benefit emerging market economies? A GVAR analysis on the crisis and post-crisis period," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1207, Feb.
• Stefano Neri & Tiziano Ropele, 2019, "Disinflationary shocks and inflation target uncertainty," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1230, Jul.
• Andrea De Polis & Mario Pietrunti, 2019, "Exchange rate dynamics and unconventional monetary policies: it�s all in the shadows," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1231, Jul.
• Guerino Ardizzi & Simone Emiliozzi & Juri Marcucci & Libero Monteforte, 2019, "News and consumer card payments," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1233, Oct.
• Massimiliano Affinito, 2019, "What do almost 20 years of micro data and two crises say about the relationship between central bank and interbank market liquidity? Evidence from Italy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1238, Oct.
• Simone Auer & Marco Bernardini & Martina Cecioni, 2019, "Corporate Leverage and Monetary Policy Effectiveness in the Euro Area," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1258, Dec.
• Chiquiar Daniel & Ibarra-Ramírez Raúl, 2019, "Central Bank Independence and Inflation: An Empirical Analysis," Working Papers, Banco de México, number 2019-18, Dec.
• Sarah Mouabbi & Jean-Guillaume Sahuc, 2019, "Evaluating the macroeconomic effects of the ECB s unconventional monetary policies," Working papers, Banque de France, number 708.
• Erwan Gautier & Sebastien Roux & Milena Suarez-Castillo, 2019, "Do Minimum Wages Make Wages More Rigid? Evidence from French Micro Data," Working papers, Banque de France, number 720.
• Thibaut Piquard & Dilyara Salakhova, 2019, "Secured and Unsecured Interbank Markets: Monetary Policy, Substitution and the Cost of Collateral," Working papers, Banque de France, number 730.
• Christian Pfister, 2019, "Central Bank Digital Currency:One, Two or None?," Working papers, Banque de France, number 732.
• Stéphane Dees & Alessandro Galesi, 2019, "The Global Financial Cycle and US Monetary Policy in an Interconnected World," Working papers, Banque de France, number 744.
• Jean BARTHÉLEMY & Stéphane DUPRAZ & Gaetano GABALLO & Klodiana ISTREFI, 2019, "Trends in central bank communication: from secrecy to transparency
  [La communication des banques centrales : du secret à la transparence]," Bulletin de la Banque de France, Banque de France, issue 226.
• Geert Mesters & Régis Barnichon, 2019, "The Phillips Multiplier," Working Papers, Barcelona School of Economics, number 1070, Jan.
• Barbara Rossi, 2019, "Identifying and Estimating the Effects of Unconventional Monetary Policy in the Data: How to Do It and What Have We Learned?," Working Papers, Barcelona School of Economics, number 1081, Apr.
• Atsushi Inoue & Barbara Rossi, 2019, "A New Approach to Measuring Economic Policy Shocks, with an Application to Conventional and Unconventional Monetary Policy," Working Papers, Barcelona School of Economics, number 1082, Apr.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Margherita Bottero & Andrea F. Presbitero & Camelia Minoiu & Enrico Sette & Andrea Polo & José-Luis Peydró, 2019, "Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy," Working Papers, Barcelona School of Economics, number 1090, May.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Cecilia Dassatti Camors & Sergio Vicente & Francesc R Tous & José-Luis Peydró, 2019, "Macroprudential and Monetary Policy: Loan-Level Evidence from Reserve Requirements," Working Papers, Barcelona School of Economics, number 1091, May.
• Geert Mesters & Régis Barnichon, 2019, "Identifying Modern Macro Equations with Old Shocks," Working Papers, Barcelona School of Economics, number 1097, May.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Miguel Boucinha & Carlo Altavilla & José-Luis Peydró, 2019, "Monetary Policy and Bank Profitability in a Low Interest Rate Environment," Working Papers, Barcelona School of Economics, number 1101, May.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Johannes Bubeck & Angela Maddaloni & José-Luis Peydró, 2019, "Negative Monetary Policy Rates and Systemic Banks' Risk-Taking: Evidence from the Euro Area Securities Register," Working Papers, Barcelona School of Economics, number 1128, Nov.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Bryce C. Turner & David Elliott & Ralf R. Meisenzahl & José-Luis Peydró, 2019, "Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s," Working Papers, Barcelona School of Economics, number 1129, Nov.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Miguel Boucinha & Carlo Altavilla & Frank Smets & José-Luis Peydró, 2019, "Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers," Working Papers, Barcelona School of Economics, number 1137, Dec.
• Luca Fornaro, 2019, "A Theory of Monetary Union and Financial Integration," Working Papers, Barcelona School of Economics, number 1138, Dec.
• Barbara Rossi, 2020, "Forecasting in the Presence of Instabilities: How Do We Know Whether Models Predict Well and How to Improve Them," Working Papers, Barcelona School of Economics, number 1162, Mar.
• Nadav Ben Zeev, 2019, "Adjustable-Rate Mortgages, Systematic Monetary Policy, And The Root Cause Of The Financial Crisis," Working Papers, Ben-Gurion University of the Negev, Department of Economics, number 1908.
• Philippe Andrade & Jordi Gali & Herve Le Bihan & Julien Matheron, 2019, "The Optimal Inflation Target and the Natural Rate of Interest," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, volume 50, issue 2 (Fall), pages 173-255.
• Kristin J. Forbes, 2019, "Inflation Dynamics: Dead, Dormant, or Determined Abroad?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, volume 50, issue 2 (Fall), pages 257-338.
• Luca Gambetti & Christoph Gortz & Dimitris Korobilis & John Tsoukalas & Francesco Zanetti, 2019, "The Effect of News Shocks and Monetary Policy," Discussion Papers, Department of Economics, University of Birmingham, number 19-03, Feb.
• Mite Miteski & Ana Mitreska & Mihajlo Vaskov, 2019, "The risk-taking channel of monetary policy in Macedonia: evidence from credit registry data," IFC Bulletins chapters, Bank for International Settlements, in: Bank for International Settlements, "Are post-crisis statistical initiatives completed?".
• Stefan Avdjiev & Mary Everett & Hyun Song Shin, 2019, "Following the imprint of the ECB's asset purchase programme on global bond and deposit flows," BIS Quarterly Review, Bank for International Settlements, March.
• Richhild Moessner & Phurichai Rungcharoenkitkul, 2019, "The zero lower bound, forward guidance and how markets respond to news," BIS Quarterly Review, Bank for International Settlements, March.
• Ricardo Caballero & Güneş Kamber, 2019, "On the global Impact of risk-off shocks and policy-put frameworks," BIS Working Papers, Bank for International Settlements, number 772, Mar.
• Claudio Borio & Piti Disyatat & Phurichai Rungcharoenkitkul, 2019, "What anchors for the natural rate of interest?," BIS Working Papers, Bank for International Settlements, number 777, Mar.
• Enrique Alberola-Ila & Carlos Urrutia, 2019, "Does informality facilitate inflation stability?," BIS Working Papers, Bank for International Settlements, number 778, Apr.
• Egemen Eren & Semyon Malamud, 2019, "Dominant currency debt," BIS Working Papers, Bank for International Settlements, number 783, May.
• Jef Boeckx & Maarten Dossche & Alessandro Galesi & Boris Hofmann & Gert Peersman, 2019, "Do SVARs with sign restrictions not identify unconventional monetary policy shocks?," BIS Working Papers, Bank for International Settlements, number 788, Jun.
• Kristin Forbes, 2019, "Has globalization changed the inflation process?," BIS Working Papers, Bank for International Settlements, number 791, Jul.
• Georgios Georgiadis & Feng Zhu, 2019, "Monetary policy spillovers, capital controls and exchange rate flexibility, and the financial channel of exchange rates," BIS Working Papers, Bank for International Settlements, number 797, Jul.
• Rodrigo Barbone Gonzalez, 2019, "Monetary policy surprises and employment: evidence from matched bank-firm loan data on the bank lending-channel," BIS Working Papers, Bank for International Settlements, number 799, Jul.
• Miguel Biron & Felipe Córdova & Antonio Lemus, 2019, "Banks' business model and credit supply in Chile: the role of a state-owned bank," BIS Working Papers, Bank for International Settlements, number 800, Jul.
• Paola Morales & Daniel Osorio & Juan Sebastian Lemus-Esquivel, 2019, "The internationalization of domestic banks and the credit channel: an empirical assessment," BIS Working Papers, Bank for International Settlements, number 801, Jul.
• Carlos Cantú & Roberto Lobato & Calixto López & Fabrizio Lopez-Gallo, 2019, "A loan-level analysis of bank lending in Mexico," BIS Working Papers, Bank for International Settlements, number 802, Jul.
• Fiorella De Fiore & Oreste Tristani, 2019, "(Un)conventional policy and the effective lower bound," BIS Working Papers, Bank for International Settlements, number 804, Aug.
• Michael Brei & Claudio Borio, 2019, "Bank intermediation activity in a low interest rate environment," BIS Working Papers, Bank for International Settlements, number 807, Aug.
• Peter Hördahl & Oreste Tristani, 2019, "Modelling yields at the lower bound through regime shifts," BIS Working Papers, Bank for International Settlements, number 813, Sep.
• Aaron Mehrotra & Richhild Moessner & Chang Shu Author-X-Name_First: Chang, 2019, "Interest rate spillovers from the United States: expectations, term premia and macro-financial vulnerabilities," BIS Working Papers, Bank for International Settlements, number 814, Sep.
• Andrew Filardo & Paul Hubert & Phurichai Rungcharoenkitkul Author-X-Name_First: Phurichai, 2019, "The reaction function channel of monetary policy and the financial cycle," BIS Working Papers, Bank for International Settlements, number 816, Oct.
• Phurichai Rungcharoenkitkul & Claudio Borio & Piti Disyatat Author-X-Name_First: Piti, 2019, "Monetary policy hysteresis and the financial cycle," BIS Working Papers, Bank for International Settlements, number 817, Oct.
• Massimiliano Affinito, 2019, "What do almost 20 years of micro data and two crises say about the relationship between central bank and interbank market liquidity? Evidence from Italy," BIS Working Papers, Bank for International Settlements, number 821, Nov.
• Hanna Armelius & Christoph Bertsch & Isaiah Hull & Xin Zhang, 2019, "Spread the Word: International Spillovers from Central Bank Communication," BIS Working Papers, Bank for International Settlements, number 824, Dec.
• Valery Charnavoki, 2019, "International Risk-Sharing and Optimal Monetary Policy in a Small Commodity-Exporting Economy," Russian Journal of Money and Finance, Bank of Russia, volume 78, issue 2, pages 3-27, June, DOI: 10.31477/rjmf.201902.03.
• Nadezhda Ivanova & Mikhail Andreev & Andrey Sinyakov & Ivan Shevchuk, 2019, "Review of Bank of Russia Conference on 'Macroprudential Policy Effectiveness: Theory and Practice'," Russian Journal of Money and Finance, Bank of Russia, volume 78, issue 3, pages 89-121, September, DOI: 10.31477/rjmf.201903.89.
• Andrey Sinyakov & Alexey Porshakov, 2019, "Estimates of the Natural Rate of Interest for Russia: Is 'Navigating by the Stars' Useful?," Russian Journal of Money and Finance, Bank of Russia, volume 78, issue 4, pages 3-47, December, DOI: 10.31477/rjmf.201904.03.
• Alexander Tishin, 2019, "Monetary Policy Surprises in Russia," Russian Journal of Money and Finance, Bank of Russia, volume 78, issue 4, pages 48-70, December, DOI: 10.31477/rjmf.201904.48.
• Irina Kozlovtceva & Alexey Ponomarenko & Andrey Sinyakov & Stas Tatarintsev, 2019, "Financial Stability Implications of Policy Mix in a Small Open Commodity-Exporting Economy," Bank of Russia Working Paper Series, Bank of Russia, number wps42, Jun.
• Elena Deryugina & Alexey Ponomarenko, 2019, "Disinflation and reliability of underlying inflation measures," Bank of Russia Working Paper Series, Bank of Russia, number wps44, Sep.
• Ivan Khotulev & Konstantin Styrin, 2019, "Optimal monetary and macroprudential policies for financial stability in a commodity-exporting economy," Bank of Russia Working Paper Series, Bank of Russia, number wps52, Nov.
• Efrem Castelnuovo, 2019, "Yield Curve and Financial Uncertainty: Evidence Based on US Data," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, volume 52, issue 3, pages 323-335, September, DOI: 10.1111/1467-8462.12341.
• Christian Dreger & Dieter Gerdesmeier & Barbara Roffia, 2019, "Re‐vitalizing money demand in the Euro area. Still valid at the zero‐lower bound," Bulletin of Economic Research, Wiley Blackwell, volume 71, issue 4, pages 599-615, October, DOI: 10.1111/boer.12198.
• Domenico Lombardi & Pierre L. Siklos & Samantha St. Amand, 2019, "Government Bond Yields At The Effective Lower Bound: International Evidence," Contemporary Economic Policy, Western Economic Association International, volume 37, issue 1, pages 102-120, January, DOI: 10.1111/coep.12238.
• Georgios Chortareas & Menelaos Karanasos & Emmanouil Noikokyris, 2019, "Quantitative Easing And The Uk Stock Market: Does The Bank Of England Information Dissemination Strategy Matter?," Economic Inquiry, Western Economic Association International, volume 57, issue 1, pages 569-583, January, DOI: 10.1111/ecin.12690.
• Simona E. Cociuba & Malik Shukayev & Alexander Ueberfeldt, 2019, "Managing Risk Taking With Interest Rate Policy And Macroprudential Regulations," Economic Inquiry, Western Economic Association International, volume 57, issue 2, pages 1056-1081, April, DOI: 10.1111/ecin.12754.
• Cars Hommes & Domenico Massaro & Isabelle Salle, 2019, "Monetary And Fiscal Policy Design At The Zero Lower Bound: Evidence From The Lab," Economic Inquiry, Western Economic Association International, volume 57, issue 2, pages 1120-1140, April, DOI: 10.1111/ecin.12741.
• Henry W. Chappell & Mark N. Harris & Rob Roy McGregor & Christopher Spencer, 2019, "Stop‐Go Monetary Policy," Economic Inquiry, Western Economic Association International, volume 57, issue 3, pages 1698-1717, July, DOI: 10.1111/ecin.12787.
• Takeo Hori & Koichi Futagami, 2019, "A Non‐unitary Discount Rate Model," Economica, London School of Economics and Political Science, volume 86, issue 341, pages 139-165, January, DOI: 10.1111/ecca.12250.
• Philippe Aghion & Emmanuel Farhi & Enisse Kharroubi, 2019, "Monetary Policy, Product Market Competition and Growth," Economica, London School of Economics and Political Science, volume 86, issue 343, pages 431-470, July, DOI: 10.1111/ecca.12311.
• Gordon Menzies & Donald Hay & Thomas Simpson & David Vines, 2019, "Restoring Trust in Finance: From Principal–Agent to Principled Agent," The Economic Record, The Economic Society of Australia, volume 95, issue 311, pages 497-509, December, DOI: 10.1111/1475-4932.12494.
• Julian A. Parra‐Polania, 2019, "State‐Dependent Forward Guidance and the Problem of Inconsistent Announcements," German Economic Review, Verein für Socialpolitik, volume 20, issue 4, pages 1019-1027, November, DOI: 10.1111/geer.12201.
• Giuseppe Ferrero & Marco Gross & Stefano Neri, 2019, "On secular stagnation and low interest rates: Demography matters," International Finance, Wiley Blackwell, volume 22, issue 3, pages 262-278, December, DOI: 10.1111/infi.12342.
• Yasuo Hirose & Takeki Sunakawa, 2019, "Review of Solution and Estimation Methods for Nonlinear Dynamic Stochastic General Equilibrium Models with the Zero Lower Bound," The Japanese Economic Review, Japanese Economic Association, volume 70, issue 1, pages 51-104, March, DOI: 10.1111/jere.12217.
• Andrea Colciago & Anna Samarina & Jakob de Haan, 2019, "Central Bank Policies And Income And Wealth Inequality: A Survey," Journal of Economic Surveys, Wiley Blackwell, volume 33, issue 4, pages 1199-1231, September, DOI: 10.1111/joes.12314.
• Bernardo Morais & José‐Luis Peydró & Jessica Roldán‐Peña & Claudia Ruiz‐Ortega, 2019, "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach‐for‐Yield, and Real Effects," Journal of Finance, American Finance Association, volume 74, issue 1, pages 55-90, February, DOI: 10.1111/jofi.12735.
• Marco Gross & Willi Semmler, 2019, "Mind the Output Gap: The Disconnect of Growth and Inflation during Recessions and Convex Phillips Curves in the Euro Area," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, volume 81, issue 4, pages 817-848, August, DOI: 10.1111/obes.12291.
• Pablo Duarte & Gunther Schnabl, 2019, "Monetary policy, inequality and political instability," The World Economy, Wiley Blackwell, volume 42, issue 2, pages 614-634, February, DOI: 10.1111/twec.12730.
• RATIU (Scutelnicu) Mina Raluca, 2019, "The Labour Productivity-An Important Criterion Of Real Convergence In The Process Of Adopting The Euro Currency. A Case Study On Romania'S Labour Market," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, volume 71, issue 3, pages 91-103, November.
• Oscar Eduardo Machicado Mendoza, 2019, "El efecto transmisión de los valores públicos con fines de regulación monetaria en las operaciones de ruedo de la Bolsa Boliviana de Valores," Serie de Documentos de Trabajo, Banco Central de Bolivia, number 2019/01, Jul.
• Joab D. Valdivia C., 2019, "Colocación de cartera y crecimiento sectorial," Serie de Documentos de Trabajo, Banco Central de Bolivia, number 2019/03, Nov.
• María Eugenia Carmona Morales, 2019, "El carácter cíclico de la política monetaria en Bolivia," Serie de Documentos de Trabajo, Banco Central de Bolivia, number 2019/05, Dec.
• AAlessio Reghezza & Jonathan Williams & Alessio Bongiovanni & Riccardo Santamaria, 2019, "Do Negative Interest Rates Affect Bank Risk-Taking?," Working Papers, Bangor Business School, Prifysgol Bangor University (Cymru / Wales), number 19012, May.
• Gauti B. Eggertsson & Ragnar E. Juelsrud & Lawrence H. Summers & Ella Getz Wold, 2019, "Negative nominal interest rates and the bank lending channel," Working Paper, Norges Bank, number 2019/4, Jan.
• Knut Are Aastveit & Bruno Albuquerque & André Anundsen, 2019, "Changing supply elasticities and regional housing booms," Working Paper, Norges Bank, number 2019/8, Apr.
• ter Ellen, Saskia & Larsen, Vegard H. & Thorsrud, Leif Anders, 2019, "Narrative monetary policy surprises and the media," Working Paper, Norges Bank, number 2019/19, Oct.
• Brubakk, Leif & ter Ellen, Saskia & Robstad, Ørjan & Xu, Hong, 2019, "The macroeconomic effects of forward communication," Working Paper, Norges Bank, number 2019/20, Nov.
• Alpanda, Sami & Granziera, Eleonora & Zubairy, Sarah, 2019, "State dependence of monetary policy across business, credit and interest rate cycles," Working Paper, Norges Bank, number 2019/21, Nov.
• Binning, Andrew & Bjørnland, Hilde C. & Maih, Junior, 2019, "Is monetary policy always effective? Incomplete interest rate pass-through in a DSGE model," Working Paper, Norges Bank, number 2019/22, Dec.
• Knut Are Aastveit & Bruno Albuquerque & Andr Anundsen, 2019, "Changing supply elasticities and regional housing booms," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 04/2019, Jun.
• Saskia ter Ellen & Vegard H. Larsen & Leif Anders Thorsrud, 2019, "Narrative monetary policy surprises and the media," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 06/2019, Oct.
• Andrew Binning & Hilde C. Bjørnland & Junior Maih, 2019, "Is Monetary Policy Always Effective? Incomplete Interest Rate Pass-through in a DSGE Model," Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School, number No 09/2019, Nov.
• Michael T. Belongia & Peter N. Ireland, 2019, "A Reconsideration of Money Growth Rules," Boston College Working Papers in Economics, Boston College Department of Economics, number 976, Mar.
• Stephen Hansen & Michael McMahon & Matthew Tong, 2019, "The long-run information effect of central bank communication," Bank of England working papers, Bank of England, number 777, Jan.
• Lena Boneva & David Elliott & Iryna Kaminska & Oliver Linton & Nick McLaren & Ben Morley, 2019, "The impact of corporate QE on liquidity: evidence from the UK," Bank of England working papers, Bank of England, number 782, Mar.
• Richard Harrison & Ryland Thomas, 2019, "Monetary financing with interest-bearing money," Bank of England working papers, Bank of England, number 785, Mar.
• Daniela Hauser & Martin Seneca, 2019, "Labor mobility in a monetary union," Bank of England working papers, Bank of England, number 786, Apr.
• Mike Anson & David Bholat & Miao Kang & Kilian Rieder & Ryland Thomas, 2019, "The Bank of England and central bank credit rationing during the crisis of 1847: frosted glass or raised eyebrows?," Bank of England working papers, Bank of England, number 794, Apr.
• Tommaso Aquilante & Shiv Chowla & Nikola Dacic & Andrew Haldane & Riccardo Masolo & Patrick Schneider & Martin Seneca & Srdan Tatomir, 2019, "Market power and monetary policy," Bank of England working papers, Bank of England, number 798, May.
• Stefania D’Amico & Iryna Kaminska, 2019, "Credit easing versus quantitative easing: evidence from corporate and government bond purchase programs," Bank of England working papers, Bank of England, number 825, Sep.
• Saleem Bahaj & Angus Foulis & Gabor Pinter & Paolo Surico, 2019, "Employment and the collateral channel of monetary policy," Bank of England working papers, Bank of England, number 827, Sep.
• Andra Coman & Simon Lloyd, 2019, "In the face of spillovers: prudential policies in emerging economies," Bank of England working papers, Bank of England, number 828, Sep.
• Fergus Cumming & Lisa Dettling, 2019, "Monetary policy and birth rates: the effect of mortgage rate pass-through on fertility," Bank of England working papers, Bank of England, number 835, Dec.
• Fergus Cumming & Paul Hubert, 2019, "The role of households’ borrowing constraints in the transmission of monetary policy," Bank of England working papers, Bank of England, number 836, Dec.
• Harris Dellas & George Tavlas, 2019, "The dog that didn’t bark: the curious case of Lloyd Mints, Milton Friedman and the emergence of monetarism," Working Papers, Bank of Greece, number 264, Jul.
• Louka T. Katseli & Anastasia Theofilakou & Kalliopi-Maria Zekente, 2019, "Central bank independence and inflation preferences: new empirical evidence on the effects on inflation," Working Papers, Bank of Greece, number 265, Jul.
• George S. Tavlas, 2019, "A reconsideration of the doctrinal foundations of monetary-policy rules: Fisher versus Chicago," Working Papers, Bank of Greece, number 273, Nov.
• Nitzan Tzur-Ilan, 2019, "Macroprudential Policy: Implementation, Effects, And Lessons," Israel Economic Review, Bank of Israel, volume 17, issue 1, pages 39-71.
• Jonathan Benchimol & Lahcen Bounader, 2019, "Optimal Monetary Policy under Bounded Rationality," Bank of Israel Working Papers, Bank of Israel, number 2019.07, Jul.
• Tomohide Mineyama & Wataru Hirata & Kenji Nishizaki, 2019, "Costs and Benefits of Inflation: A Model Analysis of Japan and the U.S," Bank of Japan Research Laboratory Series, Bank of Japan, number 19-E-2, Jul.
• Nobuhiro Abe & Takuji Fueki & Sohei Kaihatsu, 2019, "Estimating a Markov Switching DSGE Model with Macroeconomic Policy Interaction," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-3, Mar.
• Toshitaka Maruyama & Kenji Suganuma, 2019, "Inflation Expectations Curve in Japan," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-6, Apr.
• Tomohide Mineyama & Wataru Hirata & Kenji Nishizaki, 2019, "Inflation and Social Welfare in a New Keynesian Model: The Case of Japan and the U.S," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-10, Jun.
• Haruhiko Inatsugu & Tomiyuki Kitamura & Taichi Matsuda, 2019, "The Formation of Firms' Inflation Expectations: A Survey Data Analysis," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-15, Nov.
• Tomiyuki Kitamura & Masaki Tanaka, 2019, "Firms' Inflation Expectations under Rational Inattention and Sticky Information: An Analysis with a Small-Scale Macroeconomic Model," Bank of Japan Working Paper Series, Bank of Japan, number 19-E-16, Nov.
• Yongseung Jung & SungJu Song, 2019, "Monetary Policy in a Two-Agent Economy with Debt-Constrained Households (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, volume 25, issue 2, pages 1-53, June.
• Hyunduk Suh & Tae Soo Kang, 2019, "The Impact of US Monetary Policy upon Korea’s Financial Markets and Capital Flows: Based on TVP-VAR Analysis (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, volume 25, issue 2, pages 132-176, June.
• Ki Young Park & Youngjoon Lee & Soohyon Kim, 2019, "Deciphering Monetary Policy Board Minutes through Text Mining Approach: The Case of Korea," Working Papers, Economic Research Institute, Bank of Korea, number 2019-1, Jan.
• Jieun Lee & Doojin Ryu, 2019, "The Impacts of Macroeconomic News Announcements on Intraday Implied Volatility," Working Papers, Economic Research Institute, Bank of Korea, number 2019-2, Jan.
• Kwangyong Park, 2019, "Uncertainty, Attention Allocation and Monetary Policy Asymmetry," Working Papers, Economic Research Institute, Bank of Korea, number 2019-5, Jan.
• Uijin Kim & Hosung Jung, 2019, "Monetary Policy's Risk-Taking Channel in Consideration of Bank's Profit and Asset Structure: Evidence from Korea (in Korean)," Working Papers, Economic Research Institute, Bank of Korea, number 2019-7, Feb.
• Yongseung Jung & SungJu Song, 2019, "Monetary Policy in a Two-Agent Economy with Debt-Constrained Households (in Korean)," Working Papers, Economic Research Institute, Bank of Korea, number 2019-9, Feb.
• Jungu Yang, 2019, "Alchemy of Financial Innovation: Securitization, Liquidity and Optimal Monetary Policy," Working Papers, Economic Research Institute, Bank of Korea, number 2019-10, Feb.
• Youngjoon Lee & Soohyon Kim & Ki Young Park, 2019, "Measuring Monetary Policy Surprises Using Text Mining: The Case of Korea," Working Papers, Economic Research Institute, Bank of Korea, number 2019-11, Mar.
• Sang-yoon Song, 2019, "The Cash-Flow Channel of Monetary Policy: Evidence from Mortgage Borrowers," Working Papers, Economic Research Institute, Bank of Korea, number 2019-20, Jul.
• Parra-Polania Julian A., 2019, "State-Dependent Forward Guidance and the Problem of Inconsistent Announcements," German Economic Review, De Gruyter, volume 20, issue 4, pages 1019-1027, December, DOI: 10.1111/geer.12201.
• Malagon Jonathan & Orbegozo Camila, 2019, "The New Drivers of Fear of Floating: Evidence from Latin America," Journal of Globalization and Development, De Gruyter, volume 10, issue 1, pages 1-17, June, DOI: 10.1515/jgd-2017-0012.
• Homburg Stefan, 2019, "Targetsalden sind nicht empörend, sondern gefährlich: Kommentar zum Beitrag von Martin Hellwig," Perspektiven der Wirtschaftspolitik, De Gruyter, volume 20, issue 2, pages 98-102, June, DOI: 10.1515/pwp-2019-0013.
• Mbazia Nadia & Djelassi Mouldi, 2019, "Housing Prices and Money Demand: Empirical Evidence in Selected MENA Countries," Review of Middle East Economics and Finance, De Gruyter, volume 15, issue 1, pages 1-18, April, DOI: 10.1515/rmeef-2017-0034.
• Sun Xiaojin & Tsang Kwok Ping, 2019, "What cycles? Data detrending in DSGE models," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 23, issue 3, pages 1-23, June, DOI: 10.1515/snde-2017-0084.
• Violeta Elena DRAGOI & Larisa Elena PREDA & Adelina Nicoleta NICOLESCU & Andreea Mihaela SIRBOIU, 2019, "Direct Targeting Of Inflation –The Monetary Policy Strategy Of The Bnr," Contemporary Economy Journal, Constantin Brancoveanu University, volume 4, issue 1, pages 118-125.
• Victoria COCIUG & Denis MALENDRA, 2019, "Contagion Phenomena Research As A Method Of Financial Crisis Management," Contemporary Economy Journal, Constantin Brancoveanu University, volume 4, issue 1, pages 49-54.
• Victoria COCIUG & Olga HINEV, 2019, "Optimal Monetary Policy: Theoretical And Practical Aspects," Contemporary Economy Journal, Constantin Brancoveanu University, volume 4, issue 1, pages 55-65.
• Dirk Schoenmaker, 2019, "Greening monetary policy," Bruegel Working Papers, Bruegel, number 29494, Feb.
• Jérôme Jean Haegeli, 2019, "La résilience et le prix du risque," Revue d'économie financière, Association d'économie financière, volume 0, issue 1, pages 107-114.
• Christian Pfister, 2019, "Monnaie digitale de banque centrale : une, deux ou aucune ?," Revue d'économie financière, Association d'économie financière, volume 0, issue 3, pages 115-130.
• Paul Hubert & Mathilde Le Moigne, 2018, "La désinflation manquante. Un phénomène américain uniquement ?," Revue de l'OFCE, Presses de Sciences-Po, volume 0, issue 6, pages 47-75.
• Alexandre Assemien & Loesse J. Esso & Kouamé D. Kanga, 2019, "Can Monetary Policy Influence Employment? The case of West African States," Revue d'économie politique, Dalloz, volume 129, issue 5, pages 777-813.
• Boneva, L. & Elliott, D. & Kaminska, I. & Linton, O. & McLaren, N. & Morley, B., 2019, "The Impact of Corporate QE on Liquidity: Evidence from the UK," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 1937, Mar.
• Byrne, David & Kelly, Robert, 2019, "Monetary policy expectations and risk-taking among U.S. banks," Research Technical Papers, Central Bank of Ireland, number 6/RT/19, Jun.
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• Taufeeq Ajaz, 2019, "Nonlinear Reaction functions: Evidence from India," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 8, issue 1, pages 111-132.
• Aleksandra Praščević & Milutin Ješić, 2019, "Modeling Macroeconomic Policymakers’ Interactions under Zero Lower Bound Environment: The New Keynesian Theoretical Approach," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 8, issue 1, pages 5-38.
• Nikola Fabris, 2019, "Cashless Society – The Future of Money or a Utopia?," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 8, issue 1, pages 53-66.
• M. Fouad Jasmine & E. Fayed Mona & A. Emam Heba Talla, 2019, "A New Insight into the Measurement of Central Bank Independence," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 8, issue 1, pages 67-96.
• Jonne O. Lehtimäki & Marianne Palmu, 2019, "Central Bank Communication and Monetary Policy Predictability under Uncertain Economic Conditions," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 8, issue 2, pages 5-32.
• Kristin Berthold & Georg Stadtmann, 2019, "The Swiss National Bank’s fear of float," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 8, issue 2, pages 51-64.
• Νikolaos A. Kyriazis & Emmanouil M. L. Economou, 2019, "Brexit and new perspectives of an unconventional way of Eurozone revival," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 8, issue 3, pages 5-20.
• Sanjay R. Singh & Pablo Cuba-Borda, 2019, "Understanding Persistent Stagnation," Working Papers, University of California, Davis, Department of Economics, number 329, Feb.
• Sanjay R. Singh & Vaishali Garga, 2019, "Output Hysteresis and Optimal Monetary Policy," Working Papers, University of California, Davis, Department of Economics, number 331, Aug.
• Jeremy Kronick & Farah Omran, 2019, "Inflation after the Crisis: What’s the Story?," e-briefs, C.D. Howe Institute, number 293, Jul.
• Michaillat, Pascal & Saez, Emmanuel, 2019, "Resolving New Keynesian Anomalies with Wealth in the Utility Function," Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz, number qt4dq7f8td, May.
• Szilard Benk & Max Gillman, 2019, "Granger Predictability of Oil Prices after the Great Recession," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague, number wp650, Dec.
• Stefan Hohberger & Marco Ratto & Lukas Vogel, 2019, "The euro exchange rate and Germany's trade surplus," CESifo Working Paper Series, CESifo, number 7543.
• Dodge Cahan & Luisa Dörr & Niklas Potrafke & Luisa Dörr, 2019, "Government ideology and monetary policy in OECD countries," CESifo Working Paper Series, CESifo, number 7549.
• Luca Gambetti & Christoph Görtz & Dimitris Korobilis & John D. Tsoukalas & Francesco Zanetti, 2019, "The effect of news shocks and monetary policy," CESifo Working Paper Series, CESifo, number 7578.
• Saroj Bhattarai & Jae Won Lee & Woong Yong Park & Choongryul Yang, 2019, "Macroeconomic effects of capital tax rate changes," CESifo Working Paper Series, CESifo, number 7630.
• Arina Wischnewsky & David-Jan Jansen & Matthias Neuenkirch, 2019, "Financial stability and the Fed: evidence from congressional hearings," CESifo Working Paper Series, CESifo, number 7657.
• Efrem Castelnuovo, 2019, "Yield Curve and Financial Uncertainty: Evidence Based on US Data," CESifo Working Paper Series, CESifo, number 7697.
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• Marc Gronwald, 2019, "Another Look at Cryptocurrency Bubbles," CESifo Working Paper Series, CESifo, number 7743.
• Yiping Huang & Xiang Li & Chu Wang, 2019, "What Does Peer-To-Peer Lending Evidence Say about the Risk-Taking Channel of Monetary Policy?," CESifo Working Paper Series, CESifo, number 7792.
• Francesco D'Acunto & Daniel Hoang & Michael Weber & Michael Weber, 2019, "Managing Households' Expectations with Salient Economic Policies," CESifo Working Paper Series, CESifo, number 7793.
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• Efrem Castelnuovo, 2019, "Domestic and Global Uncertainty: A Survey and Some New Results," CESifo Working Paper Series, CESifo, number 7900.
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• Almut Balleer & Peter Zorn, 2019, "Monetary Policy, Price Setting, and Credit Constraints," CESifo Working Paper Series, CESifo, number 7978.
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• António Afonso & João Tovar Jalles & Mina Kazemi, 2019, "The effects of macroeconomic, fiscal and monetary policy announcements on sovereign bond spreads: an event study from the EMU," EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 22.
• Lucio Gobbi & Ronny Mazzocchi & Roberto Tamborini, 2019, "Monetary Policy, Rational Confidence and Neo-Fisherian Depressions," EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 38.
• Nicole Storp & Tobias Kordsmeyer, 2019, "Zeitreihenanalyse zu den Target-Forderungen der Deutschen Bundesbank und mögliche Zusammenhänge mit der expansiven Geldpolitik der EZB," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 72, issue 06, pages 26-28, March.
• Arne Hansen & Dirk Meyer, 2019, "ANFA und das Zahlungsverkehrssystem TARGET2 – Zwei Konzepte zur national-autonomen Geldschöpfung im Eurosystem," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 72, issue 13, pages 12-22, July.