Research classified by Journal of Economic Literature (JEL) codes

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

2025

• Brennan Connor M. & Jacobson Margaret M. & Matthes Christian & Walker Todd B., 2025, "Monetary Policy Shocks: Data or Methods?," The B.E. Journal of Macroeconomics, De Gruyter, volume 25, issue 2, pages 595-659, DOI: 10.1515/bejm-2024-0175.
• Lee Seungyoon & Park Jongwook, 2025, "Business Cycles, Monetary Policy Stance, and Monetary Policy Transmission in Korea," The B.E. Journal of Macroeconomics, De Gruyter, volume 25, issue 2, pages 799-824, DOI: 10.1515/bejm-2024-0127.
• Lee Seungyoon, 2025, "Price Stickiness, Input–Output Linkages, and Monetary Policy Transmission in Korea," The B.E. Journal of Macroeconomics, De Gruyter, volume 25, issue 2, pages 885-915, DOI: 10.1515/bejm-2024-0172.
• Schnabl Gunther & Schürmann Christof, 2025, "Financial Stability and Monetary Policy Autonomy in Japan. Should Japan Peg the Yen to the Dollar?," The Economists' Voice, De Gruyter, volume 22, issue 1, pages 25-46, DOI: 10.1515/ev-2024-0078.
• Papell David H. & Prodan-Boul Ruxandra, 2025, "Alternative Policy Rules and Post-Covid Fed Policies," The Economists' Voice, De Gruyter, volume 22, issue 2, pages 189-205, DOI: 10.1515/ev-2025-0024.
• de Haan Jakob & Amtenbrink Fabian, 2025, "Accountability in Action: The European Parliament’s Assessment of the ECB 2024 Annual Report," The Economists' Voice, De Gruyter, volume 22, issue 2, pages 207-222, DOI: 10.1515/ev-2025-0022.
• Kyriazis Nikolaos A. & Economou Emmanouil M. L., 2025, "Unveiling the Impacts of Geopolitical Risk on the Transition to the Decentralized Financial Landscape," Peace Economics, Peace Science, and Public Policy, De Gruyter, volume 31, issue 1, pages 57-89, DOI: 10.1515/peps-2024-0048.
• Ardakani Omid M., 2025, "Information Content of Inflation Expectations: A Copula-Based Model," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 29, issue 1, pages 71-93, DOI: 10.1515/snde-2023-0075.
• Blazsek Szabolcs & Licht Adrian & Ayala Astrid & Liu Su-Ping, 2025, "Core Inflation Rate for China and the ASEAN-10 Countries: Smoothed Signal for Score-Driven Local Level Plus Scale Models," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 29, issue 2, pages 177-212, DOI: 10.1515/snde-2023-0042.
• Sengupta Anirban & Serletis Apostolos & Xu Libo, 2025, "Divisia Monetary Aggregates for India," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 29, issue 4, pages 483-509, DOI: 10.1515/snde-2023-0106.
• Buda, G & Carvalho, V. M. & Corsetti, G & Duarte, J. B. & Hansen, S. & Moura, A. S. & Ortiz, A. & Rodrigo, T. & Rodríguez Mora, J. V. & Alves da Silva, G., 2025, "The Short Lags of Monetary Policy," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2509, Feb.
• Chadha, J. S. & Turner, P. & Zampolli, F., 2025, "The Interest Rate Effects of Government Debt Maturity: Solving the Bond Conundrum," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2519, Apr.
• Bilbiie, F. O. & Hanks, F. & Lavender, S., 2025, "Complementarity, Heterogeneity, and Multipliers: Utility for HANK," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2573, Oct.
• Hashmat Khan & Sergio Lago Alves, 2025, "Are New Keynesian Models Useful When Trend Inflation is Not Very Low?," Carleton Economic Papers, Carleton University, Department of Economics, number 25-01, Feb.
• Aydin Yakut, Dilan, 2025, "Beyond Aggregates: A Dual Lens on Eurozone Trend Inflation," Research Technical Papers, Central Bank of Ireland, number 3/RT/25, May.
• Garabedian, Garo, 2025, "Star-struck; Monetary Policy and the Neutral Rate," Research Technical Papers, Central Bank of Ireland, number 4/RT/25, Jun.
• Cima, Simone & Moreno, Marco, 2025, "Monetary Policy Shocks and their Effects across the Wealth Distribution: Evidence from new European data," Research Technical Papers, Central Bank of Ireland, number 6/RT/25, Jul.
• Vilerts, Karlis & Anyfantaki, Sofia & Benkovskis, Konstantins & Bredl, Sebastian & Giovannini, Massimo & Matthias Horky, Florian & Kunzmann, Vanessa & Lalinský, Tibor & Lampousis, Athanasios & Lukmano, 2025, "Details Matter: Loan Pricing and Transmission of Monetary Policy in the Euro Area," Research Technical Papers, Central Bank of Ireland, number 8/RT/25, Jul.
• Hedvig Gal & Attila Juhasz, 2025, "Quantitative Tightening: Theory, Research, and Impact on Selected Emerging Market Economies," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 1, pages 163-181.
• Damià Rey Miró & Pedro V. Piffaut & Ricardo Palomo Zurdo, 2025, "Reassessment of Structural Changes in Financial Markets: The Direct Impact of Central Banks," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 1, pages 21-42.
• Borivoje D. Krušković, 2025, "Econometric Analysis of the Currency Crisis as a Consequence of Inflation Targeting," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 1, pages 43-57.
• Nikola Fabris, 2025, "Monetary Regimes with Two Nominal Anchors: Are they Possible?," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 1, pages 5-19.
• Elyor Davlatov & Judit Sági, 2025, "The Transmission Mechanism of Monetary Policy and Central Bank Digital Currency: A New Monetary Order?," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 1, pages 95-119.
• Any Flore Djoumessi Djoukouo & Knut Lehre Seip, 2025, "Assessment of the Relationship between Central Bank Interest Rate, Inflation and Growth in Central Africa Countries with the New Leading-Lagging Method," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 2, pages 169-193.
• Ricardo Ramalhete Moreira, 2025, "A Note on Structural Uncertainty, Flexibility and Monetary Policy Credibility: An Inflation Targeting Approach for the Post-Covid Period," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 2, pages 225-243.
• Sevasti–Maria Karakosta & Nikolaos A. Kyriazis, 2025, "Can Stablecoins Prevent Price Increases and Financial Instability? An Economic and Legal Perspective," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 2, pages 47-61.
• Zoran Mastilo & Filip Barić & Adis Puška, 2025, "Challenges and Opportunities of Implementing Digital Payment Systems in Southeast European Countries," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 2, pages 5-28.
• Nezir Köse & Ali Talih Süt, 2025, "An Implicit Credibility Index for the Central Banks that Implemented Inflation-Targeting Regime," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 2, pages 63-90.
• Ljubomir Obradović & Zoran Grubišić, 2025, "The Impact of Monetary Policy on Economic Growth in SEE Countries: A Multivariate Approach," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 2, pages 91-119.
• Piotr Misztal, 2025, "Interest Rate Policy and the Assets and Financial Results of Central Banks in Selected European Union Member States," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 3, pages 139-160.
• Vera Gojčaj, 2025, "Does Central Bank Independence Affect Inflation?," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 3, pages 161-183.
• Ewa Stawasz-Grabowska & Joanna Stawska, 2025, "Monetary Policy of the ECB and its Spillover Effects to Central and Eastern Europe. Rolling Window VAR Approach," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 14, issue 3, pages 53-77.
• Emil Holst Partsch & Ivan Petrella & Emiliano Santoro, 2025, "Consumer Durables and Monetary Policy According to HANK," Carlo Alberto Notebooks, Collegio Carlo Alberto, number 736 JEL Classification: E.
• Athanasios Geromichalos & Kuk Mo Jung & Ioannis Kospentaris & Changhyun Lee & Sukjoon Lee, 2025, "Central bank interventions and asset market liquidity," Working Papers, University of California, Davis, Department of Economics, number 373, Aug.
• Jorge César Ávila, 2025, "El plan de estabilización de Milei y Caputo. Primeros doce meses," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 896, Apr.
• Emilio Ocampo & Nicolás Cachanosky, 2025, "Regime uncertainty and exchange rate dynamics: a political economy perspective," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 908, Sep.
• Volha Audzei & Sergey Slobodyan, 2025, "Dynamic Sparse Adaptive Learning," CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague, number wp797, Jun.
• Zhesheng Qiu & Yicheng Wang & Le Xu & Francesco Zanetti, 2025, "Monetary Policy in Open Economies with Production Networks," CESifo Working Paper Series, CESifo, number 11613.
• Richhild Moessner, 2025, "Effects of Energy Prices on Food Consumer Price Inflation," CESifo Working Paper Series, CESifo, number 11682.
• Isabel Gödl-Hanisch & Jordan Pandolfo, 2025, "Monetary Policy Transmission, Bank Market Power, and Income Source," CESifo Working Paper Series, CESifo, number 11847.
• António Afonso & Jorge Braga Ferreira, 2025, "The ECB's Pandemic Emergency Purchase Programme and Fiscal Policy: Synergies or Conflict?," CESifo Working Paper Series, CESifo, number 11864.
• Yu Awaya & Jihwan Do & Makoto Watanabe, 2025, "Bubbles and Collateral," CESifo Working Paper Series, CESifo, number 11894.
• Fabio Milani, 2025, "Inflation Tolerance Bands and Private Sector Beliefs," CESifo Working Paper Series, CESifo, number 11910.
• Christina Anderl & Guglielmo Maria Caporale, 2025, "Gasoline Price Expectations as a Transmission Channel for Gasoline Price Shocks," CESifo Working Paper Series, CESifo, number 11924.
• Christian Conrad & Zeno Enders & Gernot Müller, 2025, "Inflation Forecast Targeting Revisited," CESifo Working Paper Series, CESifo, number 12006.
• Marc Dordal i Carreras & Seung Joo Lee, 2025, "Higher-Order Forward Guidance," CESifo Working Paper Series, CESifo, number 12034.
• Carl Walsh, 2025, "Lessons for the FOMC’s Monetary Policy Strategy," CESifo Working Paper Series, CESifo, number 12056.
• Fabio Milani, 2025, "Inflation, Monetary Policy, and Capital-Labor Inequality," CESifo Working Paper Series, CESifo, number 12065.
• Klaus Abberger & Alexander Rathke & Samad Sarferaz & Pascal Seiler, 2025, "Monetary Policy Shocks and Firms' Investment Decisions," CESifo Working Paper Series, CESifo, number 12099.
• Daniel Dias & Tim Schmidt-Eisenlohr, 2025, "The Uninsured Deposit Premium," CESifo Working Paper Series, CESifo, number 12103.
• Fabio Milani, 2025, "Monetary Policy, Heterogeneous Expectations, and the Return of High Inflation," CESifo Working Paper Series, CESifo, number 12123.
• Vasilki Dimakopoulou & George Economides & Apostolis Philippopoulos, 2025, "The EU’s New Expenditure Rule and Its Implications for Monetary Policy," CESifo Working Paper Series, CESifo, number 12139.
• Engin Kara, 2025, "The Curse of Flexibility Under Uncertainty," CESifo Working Paper Series, CESifo, number 12166.
• Lea Best & Benjamin Born & Manuel Menkhoff, 2025, "The Impact of Interest: Firms' Investment Sensitivity to Interest Rates," CESifo Working Paper Series, CESifo, number 12167.
• Okan Akarsu & Emrehan Aktuğ & Huzeyfe Torun, 2025, "Inflation Expectations and Firms' Decisions in High Inflation: Evidence from a Randomized Control Trial," CESifo Working Paper Series, CESifo, number 12210.
• Efrem Castelnuovo & Giovanni Pellegrino & Laust L. Særkjær, 2025, "Monetary Policy Shocks and Narrative Restrictions: Rules Matter," CESifo Working Paper Series, CESifo, number 12246.
• Andreas Dibiasi & Heiner Mikosch & Samad Sarferaz & Armin Steinbach, 2025, "Fiscal Responses to Monetary Policy: Insights From a Survey of Government Officials," CESifo Working Paper Series, CESifo, number 12247.
• Dominik Hecker & Maik Wolters & Maik H. Wolters, 2025, "Nonlinear Estimation of a New Keynesian Model with Endogenous Inflation De-Anchoring," CESifo Working Paper Series, CESifo, number 12280.
• Engin Kara, 2025, "The Natural Rate of Inflation," CESifo Working Paper Series, CESifo, number 12306.
• Miguel Acosta & Andrea Ajello & Michael D. Bauer & Francesca Loria & Silvia Miranda-Agrippino, 2025, "Financial Market Effects of FOMC Communication: Evidence from a New Event-Study Database," CESifo Working Paper Series, CESifo, number 12343.
• Zhesheng Qiu & Yicheng Wang & Le Xu & Francesco Zanetti, 2025, "Monetary Policy in Open Economies with Production Networks," Discussion Papers, Centre for Macroeconomics (CFM), number 2501, Jan.
• Matthias R. Fengler & Winfried Koeniger & Stephan Minger, 2025, "The Transmission of Monetary Policy to the Cost of Hedging," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 25-03, Jan.
• Pablo Aguilar-Perez, 2025, "Global Spillovers of US Monetary Policy: New Insights from the Remittance Channel," Working Papers, CEPII research center, number 2025-21, Dec.
• Kevin Moran & Dalibor Stevanovic, 2025, "Chocs macroéconomiques et finances publiques au Canada et au Québec," CIRANO Project Reports, CIRANO, number 2025rp-29, Dec.
• Césaire Meh & Kevin Moran, 2025, "Shadow Banking and Regulation: A Quantitative Assessment," CIRANO Working Papers, CIRANO, number 2025s-22, Jul.
• Volha Audzei & Jan Bruha & Ivan Sutoris, 2025, "Does Firms' Financing in Foreign Currency Matter for Monetary Policy?," Working Papers, Czech National Bank, Research and Statistics Department, number 2025/10, Jun.
• Martin Hodula & Simona Malovana, 2025, "When Foreign Rates Matter More: Domestic Investor Responses in a Small Open Economy," Working Papers, Czech National Bank, Research and Statistics Department, number 2025/11, Aug.
• Michal Franta & Jan Vlcek, 2025, "Inflation at Risk: The Czech Case," Working Papers, Czech National Bank, Research and Statistics Department, number 2025/8, May.
• Volha Audzei & Sergey Slobodyan, 2025, "Dynamic Sparse Adaptive Learning," Working Papers, Czech National Bank, Research and Statistics Department, number 2025/9, Jun.
• Francesco Zanetti & Zhesheng Qiu & Yicheng Wang & Le Xu, 2025, "Monetary Policy in Open Economies with Production Networks," CIGS Working Paper Series, The Canon Institute for Global Studies, number 25-004E, Jan.
• R. Anton Braun & Daisuke Ikeda, 2025, "Monetary policy over the lifecycle," CIGS Working Paper Series, The Canon Institute for Global Studies, number 25-006E, Feb.
• Makoto WATANABE & Yu Awaya & Jihwan Do, 2025, "Bubbles and Collateral," CIGS Working Paper Series, The Canon Institute for Global Studies, number 25-013E, May.
• Luis Fernando Mejía, 2025, "Una estrategia de ajuste fiscal," Informes de Investigación, Fedesarrollo, number 30, Dec.
• Richard Jaimes Bonilla & Javier Esteban Martínez, 2025, "Age Structure and Monetary Policy Transmission: Conventional vs. Unconventional Shocks in the Euro Area," Vniversitas Económica, Universidad Javeriana - Bogotá, volume 25, issue 2, pages 1-35, June.
• Carlos Giraldo & Iader Giraldo-Salazar & Jose E. Gomez-Gonzalez & Jorge M Uribe, 2025, "Central Bank Transparency and the Persistence of ‘Very High’ Inflation," Documentos de trabajo, FLAR, number 021690, Oct.
• Diaf, Sami & Zakane, Ahmed, 2025, "Policy Mix in An Oil Exporting Country: Effectiveness of Countercyclical Measures in Mitigating External Shocks," Dynare Working Papers, CEPREMAP, number 83, Mar, revised Apr 2025.
• Bušs, Ginters & Traficante, Guido, 2025, "The Return of Inflation: Look-Through Policy Under Incomplete Information," Dynare Working Papers, CEPREMAP, number 85, Jul.
• Christophe Blot & Paul Hubert & Fabien Labondance, 2025, "Dissent in Monetary Policy Decisions: Effects, Channels and Implications," Working Papers, CRESE, number 2025-07, May.
• Rasmus Landersø & Kristian B. Karlson, 2025, "Intergenerational Educational Mobility among Immigrants and Descendants in Denmark: The Role of Sample Selectivity and Data Quality," RFBerlin Discussion Paper Series, ROCKWOOL Foundation Berlin (RFBerlin), number 25115, Nov.
• Alloza, Mario & Gonzalo, Jesús & Sanz, Carlos, 2025, "Dynamic effects of persistent shocks," UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía, number 45381, Jan.
• Xiaojun Bu & Gaowang Wang, 2025, "Optimal Fiscal and Monetary Policy in Economies With Capital," Annals of Economics and Finance, Society for AEF, volume 26, issue 1, pages 177-211, May.
• Refk Selmi, 2025, "Changes in Inflation Expectations and Firm Performance during Recent Global Economic Shocks," Annals of Economics and Finance, Society for AEF, volume 26, issue 2, pages 731-764, November.
• Ida, Daisuke & Kaminoyama, Kenichi, 2025, "Effect of a cost channel on monetary policy transmission in a behavioral new Keynesian model," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Gomes, Sandra & Jacquinot, Pascal & Lozej, Matija, 2025, "A single monetary policy for heterogeneous labour markets: the case of the euro area," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Okano, Mitsuhiro, 2025, "Optimal monetary policy in a two-country New Keynesian model with deep consumption habits," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Barrette, Christophe & Paquet, Alain, 2025, "Shocking the economy from 1967 up to 2023: reinforcing the relevance of Divisia money in US monetary policy," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Bordo, Michael D. & Duca, John V. & Jones, Barry E., 2025, "Broad Divisia money, supply pressures, and U.S. inflation following the COVID-19 recession," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Dąbrowski, Marek A. & Janus, Jakub & Mucha, Krystian, 2025, "Shades of inflation targeting: insights from fractional integration," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Barnett, William A. & Park, Hyun, 2025, "Nonseparability of credit card services within Divisia monetary aggregates," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Okano, Eiji & Inagaki, Kazuyuki, 2025, "Understanding the gains from wage flexibility in a currency union: a fiscal policy connection," Macroeconomic Dynamics, Cambridge University Press, volume 29, issue , pages 1-1, January.
• Gillman, Max & Csabafi, Tamás Z. & Benk, Szilárd & Mátyás, László & Smith, Mitchell P. & Harris, Mark N., 2025, "Revisiting Neoclassical Growth Theory: A Primary Role for Inflation and Capacity Utilization," Corvinus Economics Working Papers (CEWP), Corvinus University of Budapest, number 2025/03, Oct.
• Ginny YANG, 2025, "Prominent Economists’ views: China’s exchange rate - fixed or floating?," Turkish Economic Review, EconSciences Journals, volume 12, issue 1, pages 1-25, March.
• Malik Khan BAHADA, 2025, "The stability of money demand in Bangladesh: Assessing the long- and short-run impact of macroeconomic policy and dual demographics," Journal of Social and Administrative Sciences, EconSciences Journals, volume 12, issue 2, pages 31-41, June.
• Jullian O. TAMARA, 2025, "A decade of unconventionality: The long-term impact of the Federal Reserve's large-scale asset purchases (2008-Present) on major financial markets," Journal of Economics Library, EconSciences Journals, volume 12, issue 3, pages 116-147, September.
• Lamine Chibawe & Dr. Lubinda Haabazoka, 2025, "A Study of the Factors Influencing Bank Loan Performance in Zambian Commercial Banks," African Journal of Commercial Studies, African Journal of Commercial Studies, volume 6, issue 2, DOI: 10.59413/ajocs/v6.i2.16.
• Hyunduk Suh & Nathaniel A. Throckmorton, 2025, "Low Fertility and the Fiscal Limit: Inflation Possibilities in East Asia," Working Papers, Economics Department, William & Mary, number 171, Jul, DOI: 10.21220/GH09-1662.
• Gustav Horn & Thomas Gehrig & Doris Neuberger & Patrick Kaczmarczyk, 2025, "Geopolitische Risiken: Was ändert sich für Deutschland und Europa?," Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, Duncker & Humblot, Berlin, volume 2, issue 1, pages 117-147, DOI: 10.3790/vaw.2.1.117.
• Kerstin Bernoth, 2025, "Analyzing ECB Communications Improves Forecasting of Interest Rate Decisions," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, volume 15, issue 16/17, pages 99-105.
• Kerstin Bernoth, 2025, "Analyse der EZB-Kommunikation verbessert Prognose von Zinsentscheidungen," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, volume 92, issue 16/17, pages 237-244.
• Frederik Kurcz, 2025, "Quantifying the Fiscal Channel of Monetary Policy," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2109.
• Kerstin Bernoth, 2025, "Dovish Coos or Hawkish Screech? From Central Bank Talk to Economic Walk," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2137.
• Vanessa Schmidt & Hannah Magdalena Seidl, 2025, "Aggregate Lending Standards and Inequality," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2140.
• Hannah Magdalena Seidl, 2025, "The House Price Channel of Quantitative Easing," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2141.
• Jonas D. M. Fisher & Leonardo Melosi & Sebastian Rast, 2025, "Long-Run Inflation Expectations," Working Papers, DNB, number 829, Mar.
• Jan Kakes & Tom Hudepohl & Casper de Haes, 2025, "The local supply effect of asset purchases: evidence from the Eurosystem's CSPP," Working Papers, DNB, number 837, Jun.
• Dimitris Georgarakos & Geoff Kenny & Justus Meyer & Maarten van Rooij, 2025, "How do rising temperatures affect inflation expectations?," Working Papers, DNB, number 843, Oct.
• Natalie Kessler & Poramapa Poonpakdee, 2025, "The Role of Ambiguity in the Monetary Policy Transmissions: Evidence from the European Repo Market," Working Papers, DNB, number 847, Nov.
• David Worms, 2025, "Predictability of Monetary Policy Surprises and Euro Area Macroeconomic DynamicsÂ," Working Papers, DNB, number 850, Dec.
• Kosuke Aoki & Alan Auerbach & Charles Yuji Horioka & Anil Kashyap & Tsutomu Watanabe & David Weinstein, 2025, "Takatoshi Ito: Scholarship on Japan’s Economy Transformed," ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka, number 1298, Nov.
• Jean-Guillaume Sahuc & Frank Smets & Gauthier Vermandel, 2025, "The New Keynesian Climate Model," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-1.
• Lorenzo Garlanda-Longueville, 2025, "The Effects of Monetary Policy on Cross-Border Banking between China and Hong Kong," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-16.
• Nicolas de Roux & Laurent Ferrara, 2025, "Capturing international influences in U.S. monetary policy through a NLP approach," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-23.
• Christophe Blot & Paul Hubert & Fabien Labondance, 2025, "Dissent in Monetary Policy Decisions: Effects, Channels and Implications," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-31.
• Dudley Cooke & Tatiana Damjanovic, 2025, "Optimal Macroprudential Policy and Bank Capital in Open Economies," Department of Economics Working Papers, Durham University, Department of Economics, number 2025_04, Nov.
• Baptista, Pedro & Dossche, Maarten & Hannon, Andrew & Henricot, Dorian & Kouvavas, Omiros & Malacrino, Davide & Zimmermann, Larissa, 2025, "The transmission of monetary policy: from mortgage rates to consumption," Economic Bulletin Articles, European Central Bank, volume 4.
• Noguera, Neus Dausà i & Kocharkov, Georgi & Kouvavas, Omiros, 2025, "The 2021-23 high inflation episode and inequality: insights from the Consumer Expectations Survey," Economic Bulletin Articles, European Central Bank, volume 7.
• Akkaya, Yıldız & Bitter, Lea & Grasso, Adriana & Cabaco, Brian Amorim, 2025, "From press conferences to speeches: the impact of the ECB’s monetary policy communication," Economic Bulletin Boxes, European Central Bank, volume 1.
• Brand, Claus & Lisack, Noëmie & Mazelis, Falk, 2025, "Natural rate estimates for the euro area: insights, uncertainties and shortcomings," Economic Bulletin Boxes, European Central Bank, volume 1.
• Martínez Hernández, Catalina & Porqueddu, Mario & Bayarri, Blanca Prat I & Gandur, Lourdes Maria Zulli, 2025, "Understanding the relative development of goods and services inflation," Economic Bulletin Boxes, European Central Bank, volume 2.
• Dimou, Maria & Ferrando, Annalisa & Köhler-Ulbrich, Petra & Rariga, Judit, 2025, "Insights from banks and firms on euro area credit conditions: a comparison based on ECB surveys," Economic Bulletin Boxes, European Central Bank, volume 2.
• Bieber, Samuel & Tsonchev, Vladimir, 2025, "Liquidity conditions and monetary policy operations from 23 October 2024 to 4 February 2025," Economic Bulletin Boxes, European Central Bank, volume 2.
• Ferrando, Annalisa & Lamboglia, Sara & Rariga, Judit, 2025, "Determinants of inflation expectations of firms in the SAFE," Economic Bulletin Boxes, European Central Bank, volume 4.
• Bieber, Samuel & Nguyen, Anne-Lise, 2025, "Liquidity conditions and monetary policy operations from 5 February to 22 April 2025," Economic Bulletin Boxes, European Central Bank, volume 4.
• Bieber, Samuel & Tsonchev, Vladimir, 2025, "Liquidity conditions and monetary policy operations from 23 April to 29 July 2025," Economic Bulletin Boxes, European Central Bank, volume 6.
• Henricot, Dorian & Pöschl, Johannes & Tsiortas, Athanasios, 2025, "The heterogenous transmission of monetary policy to household credit," Economic Bulletin Boxes, European Central Bank, volume 7.
• Allayioti, Anastasia & Fagandini, Bruno & Gόrnicka, Lucyna & Martínez Hernández, Catalina, 2025, "Monetary policy pass-through to goods and services inflation: a granular perspective," Economic Bulletin Boxes, European Central Bank, volume 8.
• Schneider, Yannik & Tötterman, Kristian, 2025, "Liquidity conditions and monetary policy operations from 24 July to 22 October 2024," Economic Bulletin Boxes, European Central Bank, volume 8.
• Barbiero, Francesca & Ferrari, Alessandro & Maruhn, Franziska, 2025, "TLTRO III phase-out and bank lending conditions," Economic Bulletin Boxes, European Central Bank, volume 8.
• Detken, Carsten & Hempell, Hannah S. & Pirovano, Mara, 2025, "Macroprudential and monetary policy interaction: the role of early activation of the countercyclical capital buffer," Macroprudential Bulletin, European Central Bank, volume 31.
• Bobasu, Alina & Ciccarelli, Matteo & Notarpietro, Alessandro & Ambrocio, Gene & Auer, Simone & Bonfim, Diana & Bottero, Margherita & Brázdik, František & Buss, Ginters & Byrne, David & Casalis, André , 2025, "Monetary policy transmission: a reference guide through ESCB models and empirical benchmarks," Occasional Paper Series, European Central Bank, number 377, Nov.
• Angelini, Elena & Darracq Pariès, Matthieu & Haertel, Thomas & Lalik, Magdalena & Aldama, Pierre & Brázdik, František & Damjanović, Milan & Fantino, Davide & Sanchez, Pablo Garcia & Guarda, Paolo & Ke, 2025, "The ESCB forecasting models: what are they and what are they good for?," Occasional Paper Series, European Central Bank, number 381, Dec.
• Bobasu, Alina & Repele, Amalia, 2025, "Effects of monetary policy on labour income: the role of the employer," Research Bulletin, European Central Bank, volume 129.
• Vilerts, Kārlis & Anyfantaki, Sofia & Benkovskis, Konstantins & Bredl, Sebastian & Giovannini, Massimo & Horky, Florian Matthias & Kunzmann, Vanessa & Lalinsky, Tibor & Lampousis, Athanasios & Lukmano, 2025, "Details matter – how loan pricing affects monetary policy transmission in the euro area," Research Bulletin, European Central Bank, volume 135.
• Basten, Christoph & Juelsrud, Ragnar, 2025, "Monetary policy transmission through cross-selling banks," Research Bulletin, European Central Bank, volume 136.
• Corradin, Stefano & Fontana, Alessandro & Kubitza, Christian & Maddaloni, Angela, 2025, "The complex linkages between euro area insurers and sovereign bond markets," Research Bulletin, European Central Bank, volume 137.
• Burlon, Lorenzo & Ferrari, Alessandro & Kho, Stephen & Tushteva, Nikoleta, 2025, "Why gradual and predictable? Bank lending during the sharpest quantitative tightening ever," Working Paper Series, European Central Bank, number 3010, Jan.
• Grasso, Adriana & Poinelli, Andrea, 2025, "Flexible asset purchases and repo market functioning," Working Paper Series, European Central Bank, number 3013, Jan.
• Steininger, Lea & Matzner, Anna, 2025, "Monetary policy and the firm-level labor share: a story about capital," Working Paper Series, European Central Bank, number 3024, Feb.
• Bandoni, Emil & De Nora, Giorgia & Giuzio, Margherita & Ryan, Ellen & Storz, Manuela, 2025, "Institutional investors and house prices," Working Paper Series, European Central Bank, number 3026, Feb.
• Petrella, Ivan & De Polis, Andrea & Melosi, Leonardo, 2025, "The taming of the skew: asymmetric inflation risk and monetary policy," Working Paper Series, European Central Bank, number 3028, Feb.
• Priftis, Romanos & Schoenle, Raphael, 2025, "Fiscal and macroprudential policies during an energy crisis," Working Paper Series, European Central Bank, number 3032, Feb.
• Dupraz, Stéphane & Rogantini Picco, Anna, 2025, "Fiscal requirements for price stability when households are not Ricardian," Working Paper Series, European Central Bank, number 3038, Mar.
• Hempell, Hannah S. & Rancoita, Elena & Coi, Claudio Corte & Dadoukis, Aristeidis, 2025, "TLTRO III and banks' loan book rebalancing during the pandemic: less 'targeted' than intended for some?," Working Paper Series, European Central Bank, number 3040, Mar.
• Bobasu, Alina & Repele, Amalia, 2025, "Effects of monetary policy on labor income: the role of the employer," Working Paper Series, European Central Bank, number 3046, Mar.
• Holm-Hadulla, Fédéric & Pool, Sebastiaan, 2025, "Interest rate control and the transmission of monetary policy," Working Paper Series, European Central Bank, number 3048, Apr.
• Palligkinis, Spyros, 2025, "Bank lending rates and the riskiness of euro area household loans," Working Paper Series, European Central Bank, number 3053, May.
• Lang, Jan Hannes & Rusnák, Marek & Herbst, Tobias, 2025, "The impact of monetary policy and macroprudential policy on corporate lending rates in the Euro area," Working Paper Series, European Central Bank, number 3057, May.
• Ferrando, Annalisa & Mulier, Klaas & Ongena, Steven & Delis, Manthos, 2025, "The poor, the rich, and the credit channel of monetary policy," Working Paper Series, European Central Bank, number 3058, May.
• Buchetti, Bruno & Miquel-Flores, Ixart & Fabrizi, Michele & Ipino, Elisabetta & Parbonetti, Antonio, 2025, "Organized crime and banks: assessing the effects of anti-mafia police actions on lending," Working Paper Series, European Central Bank, number 3060, Jun.
• De Nora, Giorgia & Pereira, Ana & Pirovano, Mara & Stammwitz, Florian, 2025, "From losses to buffer - calibrating the positive neutral CCyB rate in the euro area," Working Paper Series, European Central Bank, number 3061, Jun.
• Schepens, Glenn & Core, Fabrizio & De Marco, Filippo & Eisert, Tim, 2025, "Inflation and floating-rate loans: evidence from the euro-area," Working Paper Series, European Central Bank, number 3064, Jun.
• d'Avernas, Adrien & Vandeweyer, Quentin & Petersen, Damon, 2025, "The central bank’s balance sheet and treasury market disruptions," Working Paper Series, European Central Bank, number 3066, Jul.
• Karadi, Peter & Nakov, Anton & Nuño, Galo & Pasten, Ernesto & Thaler, Dominik, 2025, "Strike while the iron is hot – optimal monetary policy under state-dependent pricing," Working Paper Series, European Central Bank, number 3068, Jul.
• Asriyan, Vladimir & Laeven, Luc & Martin, Alberto & Van der Ghote, Alejandro & Vanasco, Victoria, 2025, "Falling interest rates and credit reallocation: lessons from general equilibrium," Working Paper Series, European Central Bank, number 3070, Jul.
• Basten, Christoph & Juelsrud, Ragnar, 2025, "Monetary policy transmission through cross-selling banks," Working Paper Series, European Central Bank, number 3072, Jul.
• Macchiati, Valentina & Cappiello, Lorenzo & Giuzio, Margherita & Ianiro, Annalaura & Lillo, Fabrizio, 2025, "When margins call: liquidity preparedness of non-bank financial institutions," Working Paper Series, European Central Bank, number 3074, Jul.
• Anyfantaki, Sofia & Benkovskis, Konstantins & Kunzmann, Vanessa & Lalinsky, Tibor & Petroulakis, Filippos & Zutis, Klavs & Vilerts, Kārlis & Bredl, Sebastian & Giovannini, Massimo & Horky, Florian Mat, 2025, "Details matter: loan pricing and transmission of monetary policy in the euro area," Working Paper Series, European Central Bank, number 3078, Jul.
• Bartels, Bernhard & Eichengreen, Barry & Schumacher, Julian & Weder di Mauro, Beatrice, 2025, "Central bank independence and risk-taking at the zero lower bound," Working Paper Series, European Central Bank, number 3079, Jul.
• Elfsbacka-Schmöller, Michaela & Goldfayn-Frank, Olga & Schmidt, Tobias, 2025, "Beyond the short run: monetary policy and innovation investment," Working Paper Series, European Central Bank, number 3080, Jul.
• Kase, Hanno & Rigato, Rodolfo Dinis, 2025, "Beyond averages: heterogeneous effects of monetary policy in a HANK model for the euro area," Working Paper Series, European Central Bank, number 3086, Aug.
• Albertazzi, Ugo & Ferrando, Annalisa & Gori, Sofia & Rariga, Judit, 2025, "The cost channel of monetary policy: evidence from euro area firm-level survey data," Working Paper Series, European Central Bank, number 3097, Aug.
• Holm-Hadulla, Fédéric & Leombroni, Matteo, 2025, "Heterogeneous intermediaries in the transmission of central bank corporate bond purchases," Working Paper Series, European Central Bank, number 3101, Aug.
• Klieber, Karin & Coulombe, Philippe Goulet, 2025, "Opening the black box of local projections," Working Paper Series, European Central Bank, number 3105, Aug.
• Bandoni, Emil & Jarmulska, Barbara & Fourné, Friederike, 2025, "Mortgage loan rates and the defaults of variable rate mortgages," Working Paper Series, European Central Bank, number 3112, Sep.
• Allaire, Nolwenn & Le Coz, Victor & Benzaquen, Michael & Challe, Damien, 2025, "Stylized facts in money markets: an empirical analysis of the eurozone data," Working Paper Series, European Central Bank, number 3113, Sep.
• Fukker, Gábor & Sydow, Matthias & Mimun, Anisa Tiza, 2025, "The effects of monetary policy on banks and non-banks in times of stress," Working Paper Series, European Central Bank, number 3114, Sep.
• Domenech Palacios, Mar, 2025, "Firms’ risk and monetary transmission: revisiting the excess bond premium," Working Paper Series, European Central Bank, number 3118, Sep.
• Stracca, Livio, 2025, "The Great Moderation at 40: learning from the cross section," Working Paper Series, European Central Bank, number 3124, Sep.
• Den Haan, Wouter J. & Ferrari, Alessandro & Mazelis, Falk & Ristiniemi, Annukka, 2025, "Battle of the ages: distributional and aggregate effects of monetary policy in a model with age demographics," Working Paper Series, European Central Bank, number 3125, Sep.
• Gareis, Johannes & Minasian, Ryan, 2025, "Durability, essentiality, and the transmission of monetary policy to household consumption," Working Paper Series, European Central Bank, number 3127, Oct.
• Kagerer, Benedikt & Pancaro, Cosimo & Reghezza, Alessio & De Vito, Antonio, 2025, "Hidden weaknesses: the role of unrealized losses in monetary policy transmission," Working Paper Series, European Central Bank, number 3129, Oct.
• Georgarakos, Dimitris & Kenny, Geoff & Meyer, Justus & van Rooij, Maarten, 2025, "How do rising temperatures affect inflation expectations?," Working Paper Series, European Central Bank, number 3132, Oct.
• Coenen, Günter & Mazelis, Falk & Motto, Roberto & Ristiniemi, Annukka & Smets, Frank & Warne, Anders & Wouters, Raf, 2025, "Inflation and monetary policy in medium-sized New Keynesian DSGE models," Working Paper Series, European Central Bank, number 3137, Oct.
• Fosso, Luca, 2025, "Decomposing US economic fluctuations: a trend-cycle approach," Working Paper Series, European Central Bank, number 3138, Oct.
• Coulier, Lara & Pancaro, Cosimo & Pancotto, Livia & Reghezza, Alessio, 2025, "Banking on assumptions? How banks model deposit maturities," Working Paper Series, European Central Bank, number 3140, Nov.
• Gáti, Laura & Handlan, Amy, 2025, "Reputation for Confidence," Working Paper Series, European Central Bank, number 3141, Nov.
• Campos, Maria Manuel & Gomes, Sandra & Jacquinot, Pascal & Cardoso-Costa, José Miguel, 2025, "Monetary and fiscal policy interactions in the aftermath of an inflationary shock," Working Paper Series, European Central Bank, number 3145, Nov.
• De Jonghe, Olivier & Benkovskis, Konstantins & Bielskis, Karolis & Bonfim, Diana & Bottero, Margherita & Briglevics, Tamás & Cesnak, Martin & Dirma, Mantas & Emiris, Marina & Filep-Mosberger, Pálma & , 2025, "Household borrowing and monetary policy transmission: post-pandemic insights from nine European credit registers," Working Paper Series, European Central Bank, number 3146, Nov.
• Ongena, Steven & Osberghaus, Alex & Schepens, Glenn, 2025, "Joining forces: why banks syndicate credit," Working Paper Series, European Central Bank, number 3149, Nov.
• Ferrando, Annalisa & Lamboglia, Sara & Offner, Eric, 2025, "Monetary policy transmission to investment: evidence from a survey on enterprise finance," Working Paper Series, European Central Bank, number 3150, Nov.
• Altavilla, Carlo & Gürkaynak, Refet S. & Laeven, Luc & Kind, Thilo, 2025, "Monetary transmission with frequent policy events," Working Paper Series, European Central Bank, number 3157, Nov.
• Brand, Claus & Goy, Gavin & Lemke, Wolfgang, 2025, "Estimating the natural rate of interest in a macro-finance yield curve model," Working Paper Series, European Central Bank, number 3160, Dec.
• Duarte, João B. & Pires, Mariana N., 2025, "Financial integration and the transmission of monetary policy in the euro area," Working Paper Series, European Central Bank, number 3165, Dec.
• Vasileios Karaferis, 2025, "Inequality, Labour Market Dynamics and the Policy Mix: Insights from a FLANK," Edinburgh School of Economics Discussion Paper Series, Edinburgh School of Economics, University of Edinburgh, number 319, Apr.
• Jaanika Merikyll & Matthias Rottner, 2025, "Monetary policy and earnings inequality.Inflation dependencies," Bank of Estonia Working Papers, Bank of Estonia, number wp2025-05, Jun, revised 13 Jun 2025.
• Garg, Bhavesh & Shah, Sayar Ahmad & Edirisinghe, Janaka, 2025, "Revisiting monetary policy transmission in a new inflation targeting country," Journal of Asian Economics, Elsevier, volume 100, issue C, DOI: 10.1016/j.asieco.2025.102026.
• Kalpana, R. & Dash, Pradyumna, 2025, "Households’ inflation perceptions, expectations, and the monetary policy in India," Journal of Asian Economics, Elsevier, volume 101, issue C, DOI: 10.1016/j.asieco.2025.102017.
• Bhatta, Guna Raj, 2025, "Economic cycle interactions and influence of a highly integrated foreign economy: Case of Nepal and India," Journal of Asian Economics, Elsevier, volume 101, issue C, DOI: 10.1016/j.asieco.2025.102072.
• Hou, Jianghuai & Wang, Fang & Zhang, Ji, 2025, "How trade drives fluctuations in macroeconomics in China – A multi-level dynamic factor approach," China Economic Review, Elsevier, volume 91, issue C, DOI: 10.1016/j.chieco.2025.102393.
• Ma, Yong & Lan, Huanqi, 2025, "How does monetary policy shock affect banks' loan loss provisioning behavior? Evidence from Chinese commercial banks," China Economic Review, Elsevier, volume 91, issue C, DOI: 10.1016/j.chieco.2025.102395.
• Qiu, Yue & Wang, Kaixin & Xie, Wenjing & Zheng, Xiangzhong, 2025, "The power of policy words: PBC communications and their impact on capital flows amidst global crises," China Economic Review, Elsevier, volume 93, issue C, DOI: 10.1016/j.chieco.2025.102475.
• Mei, Dongzhou & Wang, Jiaxin & Zhang, Mi, 2025, "US monetary policy spillovers, maturity mismatch and Chinese corporate financing premium," China Economic Review, Elsevier, volume 93, issue C, DOI: 10.1016/j.chieco.2025.102480.
• Chen, Chuanglian & Liu, Xiaobin & Yu, Jun & Zeng, Tao, 2025, "The time-varying zone-like and asymmetric preference of central banks: Evidence from China," China Economic Review, Elsevier, volume 94, issue PA, DOI: 10.1016/j.chieco.2025.102517.