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

2016

• Brunnermeier, Markus K. & Sannikov, Yuliy, 2016, "The I Theory of Money," Research Papers, Stanford University, Graduate School of Business, number 3431, Jan.
• Siba Dayyabu & Ahmad Azrin Adnan & Zunaidah Sulong, 2016, "Effectiveness of Foreign Exchange Market Intervention in Nigeria (1970-2013)," International Journal of Economics and Financial Issues, Econjournals, volume 6, issue 1, pages 279-287.
• Umit Bulut, 2016, "Do Financial Conditions have a Predictive Power on Inflation in Turkey?," International Journal of Economics and Financial Issues, Econjournals, volume 6, issue 2, pages 621-628.
• Sallahuddin Hassan & Musa Murtala, 2016, "The Role of Domestic Private Investment in Promoting Per Capita Income Convergence amongst Association of Southeast Asian Nations-5 Economies," International Journal of Economics and Financial Issues, Econjournals, volume 6, issue 4, pages 1299-1303.
• Mete Han Yagmur, 2016, "Monetary Policy Response to Exchange Rates: An Empirical Investigation," International Journal of Economics and Financial Issues, Econjournals, volume 6, issue 4, pages 1392-1399.
• Deng, Kaihua & Todd, Walker, 2016, "Is the US quantitative easing more effective than China's? A second thought," China Economic Review, Elsevier, volume 38, issue C, pages 11-23, DOI: 10.1016/j.chieco.2015.11.007.
• Dumrongrittikul, Taya & Anderson, Heather M., 2016, "How do shocks to domestic factors affect real exchange rates of Asian developing countries?," Journal of Development Economics, Elsevier, volume 119, issue C, pages 67-85, DOI: 10.1016/j.jdeveco.2015.10.004.
• Suh, Hyunduk & Walker, Todd B., 2016, "Taking financial frictions to the data," Journal of Economic Dynamics and Control, Elsevier, volume 64, issue C, pages 39-65, DOI: 10.1016/j.jedc.2015.12.001.
• Bask, Mikael & Proaño, Christian R., 2016, "Optimal monetary policy under learning and structural uncertainty in a New Keynesian model with a cost channel and inflation inertia," Journal of Economic Dynamics and Control, Elsevier, volume 69, issue C, pages 112-126, DOI: 10.1016/j.jedc.2016.05.009.
• Garín, Julio & Lester, Robert & Sims, Eric, 2016, "On the desirability of nominal GDP targeting," Journal of Economic Dynamics and Control, Elsevier, volume 69, issue C, pages 21-44, DOI: 10.1016/j.jedc.2016.05.004.
• Lakdawala, Aeimit, 2016, "Changes in Federal Reserve preferences," Journal of Economic Dynamics and Control, Elsevier, volume 70, issue C, pages 124-143, DOI: 10.1016/j.jedc.2016.07.003.
• Schmidt, Sebastian, 2016, "Lack of confidence, the zero lower bound, and the virtue of fiscal rules," Journal of Economic Dynamics and Control, Elsevier, volume 70, issue C, pages 36-53, DOI: 10.1016/j.jedc.2016.06.005.
• Bonciani, Dario & Roye, Björn van, 2016, "Uncertainty shocks, banking frictions and economic activity," Journal of Economic Dynamics and Control, Elsevier, volume 73, issue C, pages 200-219, DOI: 10.1016/j.jedc.2016.09.008.
• Nakata, Taisuke, 2016, "Optimal fiscal and monetary policy with occasionally binding zero bound constraints," Journal of Economic Dynamics and Control, Elsevier, volume 73, issue C, pages 220-240, DOI: 10.1016/j.jedc.2016.09.011.
• Rychalovska, Yuliya, 2016, "The implications of financial frictions and imperfect knowledge in the estimated DSGE model of the U.S. economy," Journal of Economic Dynamics and Control, Elsevier, volume 73, issue C, pages 259-282, DOI: 10.1016/j.jedc.2016.09.014.
• Leith, Campbell & Liu, Ding, 2016, "The inflation bias under Calvo and Rotemberg pricing," Journal of Economic Dynamics and Control, Elsevier, volume 73, issue C, pages 283-297, DOI: 10.1016/j.jedc.2016.09.002.
• Hendrickson, Joshua R. & Salter, Alexander William, 2016, "Money, liquidity, and the structure of production," Journal of Economic Dynamics and Control, Elsevier, volume 73, issue C, pages 314-328, DOI: 10.1016/j.jedc.2016.10.001.
• Di Bartolomeo, Giovanni & Di Pietro, Marco & Giannini, Bianca, 2016, "Optimal monetary policy in a New Keynesian model with heterogeneous expectations," Journal of Economic Dynamics and Control, Elsevier, volume 73, issue C, pages 373-387, DOI: 10.1016/j.jedc.2016.10.003.
• Belongia, Michael T. & Ireland, Peter N., 2016, "The evolution of U.S. monetary policy: 2000–2007," Journal of Economic Dynamics and Control, Elsevier, volume 73, issue C, pages 78-93, DOI: 10.1016/j.jedc.2016.09.009.
• Thistle, John G. & Miller, Daniel E., 2016, "No free lunch: Fundamental tradeoffs in macroeconomic policy," Economic Analysis and Policy, Elsevier, volume 51, issue C, pages 104-121, DOI: 10.1016/j.eap.2016.07.001.
• Razafindrabe, Tovonony M., 2016, "A multi-country DSGE model with incomplete exchange rate pass-through: An application for the Euro-area," Economic Modelling, Elsevier, volume 52, issue PA, pages 78-100, DOI: 10.1016/j.econmod.2015.03.003.
• Vespignani, Joaquin L. & Ratti, Ronald A., 2016, "Not all international monetary shocks are alike for the Japanese economy," Economic Modelling, Elsevier, volume 52, issue PB, pages 822-837, DOI: 10.1016/j.econmod.2015.10.019.
• Rusnák, Marek, 2016, "Nowcasting Czech GDP in real time," Economic Modelling, Elsevier, volume 54, issue C, pages 26-39, DOI: 10.1016/j.econmod.2015.12.010.
• Chesang, Laban K. & Naraidoo, Ruthira, 2016, "Parameter uncertainty and inflation dynamics in a model with asymmetric central bank preferences," Economic Modelling, Elsevier, volume 56, issue C, pages 1-10, DOI: 10.1016/j.econmod.2016.03.004.
• de Moraes, Claudio Oliveira & Montes, Gabriel Caldas & Antunes, José Américo Pereira, 2016, "How does capital regulation react to monetary policy? New evidence on the risk-taking channel," Economic Modelling, Elsevier, volume 56, issue C, pages 177-186, DOI: 10.1016/j.econmod.2016.03.025.
• Xu, Yingying & Chang, Hsu-Ling & Lobonţ, Oana-Ramona & Su, Chi-Wei, 2016, "Modeling heterogeneous inflation expectations: empirical evidence from demographic data?," Economic Modelling, Elsevier, volume 57, issue C, pages 153-163, DOI: 10.1016/j.econmod.2016.04.017.
• Goyal, Ashima & Arora, Sanchit, 2016, "Estimating the Indian natural interest rate: A semi-structural approach," Economic Modelling, Elsevier, volume 58, issue C, pages 141-153, DOI: 10.1016/j.econmod.2016.05.023.
• García-Posada, Miguel & Marchetti, Marcos, 2016, "The bank lending channel of unconventional monetary policy: The impact of the VLTROs on credit supply in Spain," Economic Modelling, Elsevier, volume 58, issue C, pages 427-441, DOI: 10.1016/j.econmod.2016.05.002.
• Medina, Juan Pablo & Soto, Claudio, 2016, "Commodity prices and fiscal policy in a commodity exporting economy," Economic Modelling, Elsevier, volume 59, issue C, pages 335-351, DOI: 10.1016/j.econmod.2016.08.002.
• Kamber, Gunes & McDonald, Chris & Sander, Nick & Theodoridis, Konstantinos, 2016, "Modelling the business cycle of a small open economy: The Reserve Bank of New Zealand's DSGE model," Economic Modelling, Elsevier, volume 59, issue C, pages 546-569, DOI: 10.1016/j.econmod.2016.08.013.
• Morris, Stephen D., 2016, "VARMA representation of DSGE models," Economics Letters, Elsevier, volume 138, issue C, pages 30-33, DOI: 10.1016/j.econlet.2015.11.027.
• Rosa, Carlo, 2016, "Walking on thin ice: Market quality around FOMC announcements," Economics Letters, Elsevier, volume 138, issue C, pages 5-8, DOI: 10.1016/j.econlet.2015.10.029.
• Moore, Bartholomew, 2016, "Anticipated disinflation and recession in the New Keynesian model under learning," Economics Letters, Elsevier, volume 142, issue C, pages 49-52, DOI: 10.1016/j.econlet.2016.03.012.
• Mathur, Vipul & Subramanian, Chetan, 2016, "Financial market segmentation and choice of exchange rate regimes," Economics Letters, Elsevier, volume 142, issue C, pages 78-82, DOI: 10.1016/j.econlet.2016.02.035.
• Şahinöz, Saygın & Atabek, Aslıhan, 2016, "An alternative micro-based output gap measure for Turkey: The capacity utilisation gap," Economics Letters, Elsevier, volume 143, issue C, pages 44-47, DOI: 10.1016/j.econlet.2016.03.008.
• Roskelley, Kenneth D., 2016, "Augmenting the Taylor rule: Monetary policy and the bond market," Economics Letters, Elsevier, volume 144, issue C, pages 64-67, DOI: 10.1016/j.econlet.2016.05.002.
• Sahuc, Jean-Guillaume, 2016, "The ECB’s asset purchase programme: A model-based evaluation," Economics Letters, Elsevier, volume 145, issue C, pages 136-140, DOI: 10.1016/j.econlet.2016.06.009.
• Xu, Libo & Serletis, Apostolos, 2016, "Monetary and fiscal policy switching with time-varying volatilities," Economics Letters, Elsevier, volume 145, issue C, pages 202-205, DOI: 10.1016/j.econlet.2016.06.017.
• Wu, Wenbin, 2016, "Are financial markets less responsive to monetary policy shocks at the zero lower bound?," Economics Letters, Elsevier, volume 145, issue C, pages 258-261, DOI: 10.1016/j.econlet.2016.07.001.
• Ali, Syed Zahid & Anwar, Sajid, 2016, "Can exchange rate pass-through explain the price puzzle?," Economics Letters, Elsevier, volume 145, issue C, pages 56-59, DOI: 10.1016/j.econlet.2016.05.023.
• Hoffmann, Mathias & Hürtgen, Patrick, 2016, "Inflation expectations, disagreement, and monetary policy," Economics Letters, Elsevier, volume 146, issue C, pages 59-63, DOI: 10.1016/j.econlet.2016.07.011.
• Hussain, Syed M. & Liu, Lin, 2016, "A note on the Cogley–Nason–Sims approach," Economics Letters, Elsevier, volume 146, issue C, pages 77-81, DOI: 10.1016/j.econlet.2016.06.036.
• Dmitriev, Mikhail & Kersting, Erasmus K., 2016, "Inflation level and inflation volatility: A seigniorage argument," Economics Letters, Elsevier, volume 147, issue C, pages 112-115, DOI: 10.1016/j.econlet.2016.08.034.
• Ellis, Michael A. & Liu, Dandan, 2016, "FOMC forecasts and monetary policy deliberations," Economics Letters, Elsevier, volume 147, issue C, pages 131-134, DOI: 10.1016/j.econlet.2016.08.033.
• Offick, Sven & Wohltmann, Hans-Werner, 2016, "Volatility effects of news shocks in New Keynesian models with optimal monetary policy," Economics Letters, Elsevier, volume 147, issue C, pages 78-82, DOI: 10.1016/j.econlet.2016.08.018.
• Bianchi, Francesco, 2016, "Methods for measuring expectations and uncertainty in Markov-switching models," Journal of Econometrics, Elsevier, volume 190, issue 1, pages 79-99, DOI: 10.1016/j.jeconom.2015.08.004.
• de Guimarães e Souza, Gustavo José & de Mendonça, Helder Ferreira & de Andrade, Joaquim Pinto, 2016, "Inflation targeting on output growth: A pulse dummy analysis of dynamic macroeconomic panel data," Economic Systems, Elsevier, volume 40, issue 1, pages 145-169, DOI: 10.1016/j.ecosys.2015.06.002.
• Andries, Natalia & Billon, Steve, 2016, "Retail bank interest rate pass-through in the euro area: An empirical survey," Economic Systems, Elsevier, volume 40, issue 1, pages 170-194, DOI: 10.1016/j.ecosys.2015.06.001.
• Amador-Torres, Juan S. & Gomez-Gonzalez, Jose Eduardo & Ojeda-Joya, Jair N. & Jaulin-Mendez, Oscar F. & Tenjo-Galarza, Fernando, 2016, "Mind the gap: Computing finance-neutral output gaps in Latin-American economies," Economic Systems, Elsevier, volume 40, issue 3, pages 444-452, DOI: 10.1016/j.ecosys.2015.09.007.
• Feldkircher, Martin & Huber, Florian, 2016, "The international transmission of US shocks—Evidence from Bayesian global vector autoregressions," European Economic Review, Elsevier, volume 81, issue C, pages 167-188, DOI: 10.1016/j.euroecorev.2015.01.009.
• Aiyar, Shekhar & Calomiris, Charles W. & Wieladek, Tomasz, 2016, "How does credit supply respond to monetary policy and bank minimum capital requirements?," European Economic Review, Elsevier, volume 82, issue C, pages 142-165, DOI: 10.1016/j.euroecorev.2015.07.021.
• Avouyi-Dovi, Sanvi & Sahuc, Jean-Guillaume, 2016, "On the sources of macroeconomic stability in the euro area," European Economic Review, Elsevier, volume 83, issue C, pages 40-63, DOI: 10.1016/j.euroecorev.2015.11.012.
• Cociuba, Simona E. & Shukayev, Malik & Ueberfeldt, Alexander, 2016, "Collateralized borrowing and risk taking at low interest rates," European Economic Review, Elsevier, volume 85, issue C, pages 62-83, DOI: 10.1016/j.euroecorev.2016.02.005.
• Dräger, Lena & Lamla, Michael J. & Pfajfar, Damjan, 2016, "Are survey expectations theory-consistent? The role of central bank communication and news," European Economic Review, Elsevier, volume 85, issue C, pages 84-111, DOI: 10.1016/j.euroecorev.2016.01.010.
• Carvalho, Carlos & Ferrero, Andrea & Nechio, Fernanda, 2016, "Demographics and real interest rates: Inspecting the mechanism," European Economic Review, Elsevier, volume 88, issue C, pages 208-226, DOI: 10.1016/j.euroecorev.2016.04.002.
• Michelis, Andrea De & Iacoviello, Matteo, 2016, "Raising an inflation target: The Japanese experience with Abenomics," European Economic Review, Elsevier, volume 88, issue C, pages 67-87, DOI: 10.1016/j.euroecorev.2016.02.021.
• Arias, Jonas E. & Erceg, Christopher & Trabandt, Mathias, 2016, "The macroeconomic risks of undesirably low inflation," European Economic Review, Elsevier, volume 88, issue C, pages 88-107, DOI: 10.1016/j.euroecorev.2016.03.005.
• Adam, Klaus & Tzamourani, Panagiota, 2016, "Distributional consequences of asset price inflation in the Euro Area," European Economic Review, Elsevier, volume 89, issue C, pages 172-192, DOI: 10.1016/j.euroecorev.2016.07.005.
• Galvão, Ana Beatriz & Giraitis, Liudas & Kapetanios, George & Petrova, Katerina, 2016, "A time varying DSGE model with financial frictions," Journal of Empirical Finance, Elsevier, volume 38, issue PB, pages 690-716, DOI: 10.1016/j.jempfin.2016.02.012.
• Wickens, Michael, 2016, "Is there an alternative way to avoid another eurozone crisis to the Five Presidents' Report?," Journal of Empirical Finance, Elsevier, volume 39, issue PB, pages 156-165, DOI: 10.1016/j.jempfin.2016.04.003.
• Glas, Alexander & Hartmann, Matthias, 2016, "Inflation uncertainty, disagreement and monetary policy: Evidence from the ECB Survey of Professional Forecasters," Journal of Empirical Finance, Elsevier, volume 39, issue PB, pages 215-228, DOI: 10.1016/j.jempfin.2016.05.001.
• Tumen, Semih & Unalmis, Deren & Unalmis, Ibrahim & Unsal, D. Filiz, 2016, "Taxing fossil fuels under speculative storage," Energy Economics, Elsevier, volume 53, issue C, pages 64-75, DOI: 10.1016/j.eneco.2014.12.017.
• Wei, Yanfeng & Guo, Xiaoying, 2016, "An empirical analysis of the relationship between oil prices and the Chinese macro-economy," Energy Economics, Elsevier, volume 56, issue C, pages 88-100, DOI: 10.1016/j.eneco.2016.02.023.
• Green, Christopher & Bai, Ye & Murinde, Victor & Ngoka, Kethi & Maana, Isaya & Tiriongo, Samuel, 2016, "Overnight interbank markets and the determination of the interbank rate: A selective survey," International Review of Financial Analysis, Elsevier, volume 44, issue C, pages 149-161, DOI: 10.1016/j.irfa.2016.01.014.
• Drakos, Anastassios A. & Kouretas, Georgios P. & Tsoumas, Chris, 2016, "Ownership, interest rates and bank risk-taking in Central and Eastern European countries," International Review of Financial Analysis, Elsevier, volume 45, issue C, pages 308-319, DOI: 10.1016/j.irfa.2014.08.004.
• Marcelin, Isaac & Mathur, Ike, 2016, "Financial sector development and dollarization in emerging economies," International Review of Financial Analysis, Elsevier, volume 46, issue C, pages 20-32, DOI: 10.1016/j.irfa.2016.04.010.
• McCredie, Bronwyn & Docherty, Paul & Easton, Steve & Uylangco, Katherine, 2016, "The channels of monetary policy triggered by central bank actions and statements in the Australian equity market," International Review of Financial Analysis, Elsevier, volume 46, issue C, pages 46-61, DOI: 10.1016/j.irfa.2016.04.008.
• Thornton, John, 2016, "Inflation targeting in developing countries revisited," Finance Research Letters, Elsevier, volume 16, issue C, pages 145-153, DOI: 10.1016/j.frl.2015.10.024.
• Arouri, Mohamed & Estay, Christophe & Rault, Christophe & Roubaud, David, 2016, "Economic policy uncertainty and stock markets: Long-run evidence from the US," Finance Research Letters, Elsevier, volume 18, issue C, pages 136-141, DOI: 10.1016/j.frl.2016.04.011.
• Kiley, Michael T., 2016, "Monetary policy statements, treasury yields, and private yields: Before and after the zero lower bound," Finance Research Letters, Elsevier, volume 18, issue C, pages 285-290, DOI: 10.1016/j.frl.2016.04.029.
• Horváth, Roman & Vaško, Dan, 2016, "Central bank transparency and financial stability," Journal of Financial Stability, Elsevier, volume 22, issue C, pages 45-56, DOI: 10.1016/j.jfs.2015.12.003.
• Carpenter, Seth B. & Demiralp, Selva & Senyuz, Zeynep, 2016, "Volatility in the federal funds market and money market spreads during the financial crisis," Journal of Financial Stability, Elsevier, volume 25, issue C, pages 225-233, DOI: 10.1016/j.jfs.2016.01.004.
• Tayler, William J. & Zilberman, Roy, 2016, "Macroprudential regulation, credit spreads and the role of monetary policy," Journal of Financial Stability, Elsevier, volume 26, issue C, pages 144-158, DOI: 10.1016/j.jfs.2016.08.001.
• Breitenlechner, Max & Scharler, Johann & Sindermann, Friedrich, 2016, "Banks’ external financing costs and the bank lending channel: Results from a SVAR analysis," Journal of Financial Stability, Elsevier, volume 26, issue C, pages 228-246, DOI: 10.1016/j.jfs.2016.07.007.
• Georgiadis, Georgios & Gräb, Johannes, 2016, "Global financial market impact of the announcement of the ECB's asset purchase programme," Journal of Financial Stability, Elsevier, volume 26, issue C, pages 257-265, DOI: 10.1016/j.jfs.2016.07.009.
• McNelis, Paul D. & Yoshino, Naoyuki, 2016, "Finding stability in a time of prolonged crisis: Unconventional policy rules for Japan," Journal of Financial Stability, Elsevier, volume 27, issue C, pages 122-136, DOI: 10.1016/j.jfs.2016.11.002.
• Favaretto, Federico & Masciandaro, Donato, 2016, "Doves, hawks and pigeons: Behavioral monetary policy and interest rate inertia," Journal of Financial Stability, Elsevier, volume 27, issue C, pages 50-58, DOI: 10.1016/j.jfs.2016.09.002.
• Halvorsen, Jørn I. & Jacobsen, Dag Henning, 2016, "The bank-lending channel empirically revisited," Journal of Financial Stability, Elsevier, volume 27, issue C, pages 95-105, DOI: 10.1016/j.jfs.2016.10.004.
• Georgiadis, Georgios & Mehl, Arnaud, 2016, "Financial globalisation and monetary policy effectiveness," Journal of International Economics, Elsevier, volume 103, issue C, pages 200-212, DOI: 10.1016/j.jinteco.2016.10.002.
• Cacciatore, Matteo & Fiori, Giuseppe & Ghironi, Fabio, 2016, "Market deregulation and optimal monetary policy in a monetary union," Journal of International Economics, Elsevier, volume 99, issue C, pages 120-137, DOI: 10.1016/j.jinteco.2015.11.002.
• Hansen, Stephen & McMahon, Michael, 2016, "Shocking language: Understanding the macroeconomic effects of central bank communication," Journal of International Economics, Elsevier, volume 99, issue S1, pages 114-133, DOI: 10.1016/j.jinteco.2015.12.008.
• Pourroy, Marc & Carton, Benjamin & Coulibaly, Dramane, 2016, "Food prices and inflation targeting in emerging economies," International Economics, Elsevier, volume 146, issue C, pages 108-140, DOI: 10.1016/j.inteco.2015.12.001.
• Wong, Kin-Ming & Chong, Terence Tai-Leung, 2016, "Does monetary policy matter for trade?," International Economics, Elsevier, volume 147, issue C, pages 107-125, DOI: 10.1016/j.inteco.2016.04.001.
• Arghyrou, Michael G. & Pourpourides, Panayiotis, 2016, "Inflation announcements and asymmetric exchange rate responses," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 40, issue C, pages 80-84, DOI: 10.1016/j.intfin.2015.07.002.
• Catalán-Herrera, Juan, 2016, "Foreign exchange market interventions under inflation targeting: The case of Guatemala," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 42, issue C, pages 101-114, DOI: 10.1016/j.intfin.2016.02.003.
• Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2016, "Monetarism rides again? US monetary policy in a world of Quantitative Easing," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 44, issue C, pages 85-102, DOI: 10.1016/j.intfin.2016.04.011.
• Perera, Anil & Wickramanayake, J., 2016, "Determinants of commercial bank retail interest rate adjustments: Evidence from a panel data model," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 45, issue C, pages 1-20, DOI: 10.1016/j.intfin.2016.05.006.
• Aastveit, Knut Are & Jore, Anne Sofie & Ravazzolo, Francesco, 2016, "Identification and real-time forecasting of Norwegian business cycles," International Journal of Forecasting, Elsevier, volume 32, issue 2, pages 283-292, DOI: 10.1016/j.ijforecast.2015.06.006.
• Jansen, W. Jos & Jin, Xiaowen & de Winter, Jasper M., 2016, "Forecasting and nowcasting real GDP: Comparing statistical models and subjective forecasts," International Journal of Forecasting, Elsevier, volume 32, issue 2, pages 411-436, DOI: 10.1016/j.ijforecast.2015.05.008.
• Gallo, Lindsey A. & Hann, Rebecca N. & Li, Congcong, 2016, "Aggregate earnings surprises, monetary policy, and stock returns," Journal of Accounting and Economics, Elsevier, volume 62, issue 1, pages 103-120, DOI: 10.1016/j.jacceco.2016.04.003.
• Hirakata, Naohisa & Sudo, Nao & Takei, Ikuo & Ueda, Kozo, 2016, "Japan's financial crises and lost decades," Japan and the World Economy, Elsevier, volume 40, issue C, pages 31-46, DOI: 10.1016/j.japwor.2016.07.003.
• Hollander, Hylton & Liu, Guangling, 2016, "Credit spread variability in the U.S. business cycle: The Great Moderation versus the Great Recession," Journal of Banking & Finance, Elsevier, volume 67, issue C, pages 37-52, DOI: 10.1016/j.jbankfin.2016.02.008.
• Ma, Yong & Lin, Xingkai, 2016, "Financial development and the effectiveness of monetary policy," Journal of Banking & Finance, Elsevier, volume 68, issue C, pages 1-11, DOI: 10.1016/j.jbankfin.2016.03.002.
• Shynkevich, Andrei, 2016, "Predictability in bond returns using technical trading rules," Journal of Banking & Finance, Elsevier, volume 70, issue C, pages 55-69, DOI: 10.1016/j.jbankfin.2016.06.010.
• Begović, Selena & Adnett, Nick & Pugh, Geoff, 2016, "An investigation into the credibility of currency board arrangements in Bosnia and Herzegovina and Bulgaria," Journal of Comparative Economics, Elsevier, volume 44, issue 3, pages 787-799, DOI: 10.1016/j.jce.2015.07.003.
• Foley-Fisher, Nathan & Ramcharan, Rodney & Yu, Edison, 2016, "The impact of unconventional monetary policy on firm financing constraints: Evidence from the maturity extension program," Journal of Financial Economics, Elsevier, volume 122, issue 2, pages 409-429, DOI: 10.1016/j.jfineco.2016.07.002.
• Lucian Croitoru, 2016, "Are We Systematically Wrong when Estimating Potential Output and the Natural Rate of Interest?," Journal for Economic Forecasting, Institute for Economic Forecasting, volume 0, issue 2, pages 128-151, June.
• Li Ma & Tsangyao Chang & Chien-Chiang Lee, 2016, "Reserve Requirement Policy, Bond Market, and Transmission Effect," Journal for Economic Forecasting, Institute for Economic Forecasting, volume 0, issue 2, pages 66-85, June.
• Dejan ŽIVKOV & Jovan NJEGIĆ & Nataša PAPIĆ-BLAGOJEVIĆ & Jovan PETRONIJEVIĆ, 2016, "Monetary Effectiveness in Small Transition Economy – The Case of the Republic of Serbia," Journal for Economic Forecasting, Institute for Economic Forecasting, volume 0, issue 3, pages 5-18, September.
• Li Qin & Moïse Sidiropoulos, 2016, "Robustness of Optimal Interest Rate Rules in an Open Economy," Bulletin of Applied Economics, Risk Market Journals, volume 3, issue 1, pages 29-46.
• Kitsuyevskaya, Anna (Киюцевская, Анна), 2016, "Monetary policy: the specifics and peculiarities of realization at the present stage of economic development
  [Денежно-Кредитная Политика: Специфика И Особенности Реализации На Современном Этапе Экономического Развития]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, volume 2, pages 92-111, April.
• Nosov, Vasilii (Носов, Василий) & Tseplyaeva, Julia (Цепляева, Юлия), 2016, "China: Economy in Transition
  [Китай: Экономика Переходного Периода]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, volume 3, pages 46-55, June.
• Pestova, Anna (Пестова, Анна) & Mamonov, Mikhail (Мамонов, Михаил), 2016, "Estimating the Influence of Different Shocks on Macroeconomic Indicators and Developing Conditional Forecasts on the Basis of BVAR Model for the Russian Economy
  [Оценка Влияния Различных Шоков На Динамику Макроэкономических Показателей В России И ," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, volume 4, pages 56-92, August.
• Barbara Annicchiarico & Alessandra Pelloni, 2016, "Innovation, Growth and Optimal Monetary Policy," CEIS Research Paper, Tor Vergata University, CEIS, number 376, Apr, revised 01 Apr 2016.
• Jef Boeckx & Maite De Sola Perea & Gert Peersman, 2016, "The Transmission Mechanism Of Credit Support Policies In The Euro Area," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 16/926, Dec.
• Alain Kabundi & Elmarie Nel & Franz Ruch, 2016, "Nowcasting Real GDP growth in South Africa," ERSA Working Paper Series, Economic Research Southern Africa, number 581, Feb.
• Emmanuel Owusu-Sekyere, 2016, "The impact of monetary policy on household consumption in South Africa. Evidence from Vector Autoregressive Techniques," ERSA Working Paper Series, Economic Research Southern Africa, number 598, Apr.
• Alain Kabundi & Ntuthuko Tsokodibane, 2016, "Qualitative Guidance and Predictability of Monetary Policy in South Africa," ERSA Working Paper Series, Economic Research Southern Africa, number 626, Aug.
• Chris Garbers & Guangling Dave Liu, 2016, "Credit market heterogeneity, balance sheet (in) dependence, financial shocks," ERSA Working Paper Series, Economic Research Southern Africa, number 633, Sep.
• Monaheng Seleteng, 2016, "Effects of South African Monetary Policy Implementation on the CMA: A Panel Vector Autoregression Approach," ERSA Working Paper Series, Economic Research Southern Africa, number 643, Oct.
• Alain Kabundi & Asi Mbelu, 2016, "Has the Exchange Rate Pass-Through changed in South Africa?," ERSA Working Paper Series, Economic Research Southern Africa, number 649, Nov.
• Emmanuel Owusu-Sekyere, 2016, "The impact of monetary policy on household consumption in South Africa," ERSA Working Paper Series, Economic Research Southern Africa, number 81, Aug.
• Pierre Le Roux & William Kavila, 2016, "Inflation dynamics in a dollarised economy: the case for Zimbabwe," ERSA Working Paper Series, Economic Research Southern Africa, number 87, Oct.
• Krzysztof Spirzewski, 2016, "Currency competition in the Eurozone: an answer to the crisis," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, volume 12, issue 1, pages 12-20, June.
• Angus Armstrong, 2016, "EU Membership, Financial Services and Stability," National Institute Economic Review, National Institute of Economic and Social Research, volume 236, issue 1, pages 31-38, May.
• Waqas Ahmed & Sajawal Khan & Muhammad Rehman, 2016, "Optimal Monetary Policy in the Presence of Sizable Informal Sector and Firm Level Credit Constraint," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 72, Feb.
• Muhammad Nadeem Hanif & Sajawal Khan & Muhammad Rehman, 2016, "Monetary Policy Stance: Comparison of Different Measures for Pakistan," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 73, Apr.
• Shahzad Ahmad & Farooq Pasha & Muhammad Rehman, 2016, "The Role of Money in Explaining Business Cycles for a Developing Economy: The Case of Pakistan," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 74, Apr.
• Sajawal Khan & Farooq Pasha & Muhammad Rehman & Muhammad Ali Choudhary, 2016, "The Dominant Borrower Syndrome: The Case of Pakistan," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 77, Aug.
• Asif Mahmood & Muhammad Zuhair Munawar, 2016, "Words Matter: A Textual Analysis of SBP’s Monetary Policy Reviews," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 78, Aug.
• Zafar Hayat & Muhammad Nadim Hanif, 2016, "Assessing the Role of Money versus Interest Rate in Pakistan," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 79, Nov.
• Muhammad Nadim Hanif & Javed Iqbal, 2016, "Assessing Monetary Policy Effectiveness in Rich Data Environment," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 80, Nov.
• Muhammad Omer, 2016, "Should Central Bank Forget Reserve Requirements? Assessment of Reserve Requirements in Transmitting SBP’s Policy Shocks to Retail Interest Rates and Exchange Rate," SBP Working Paper Series, State Bank of Pakistan, Research Department, number 81, Dec.
• Гильмундинов В. М. & Мельников В. В. & Петров С. П., 2016, "Оптимизация макроэкономической политики России на период 2016–2020 годов. Optimization of the Russian macroeconomic policy for 2016–2020," Мир экономики и управления // Вестник НГУ. Cерия: Cоциально-экономические науки, Socionet;Новосибирский государственный университет, volume 16, issue 4, pages 5-19.
• Alina Georgeta Ailinca, 2016, "Post-crisis internal conditions that may affect the monetary policy in Romania," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, volume 5, issue 2, pages 76-85, August.
• Annette Meinusch & Peter Tillmann, 2016, "Quantitative Easing and Tapering Uncertainty: Evidence from Twitter," Working Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number wp15, Aug.
• Sunday Osahon Igbinedion & Frank Iyekoretin Ogbeide, 2016, "Monetary Policy and Manufacturing Capacity Utilization: Further Evidence from Nigeria," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, volume 14, issue 2, pages 159-174.
• Marek D¹browski, 2016, "Interaction between monetary policy and bank regulation: lessons for the ECB," CASE Network Studies and Analyses, CASE-Center for Social and Economic Research, number 0480, Feb.
• Karol Partyka, 2016, "Zróżnicowane reakcje w ramach polityki pieniężnej na wydarzenia giełdowe w modelu losowych współczynników," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 41, pages 95-108.
• Michał Pronobis, 2016, "Poziom rezerw walutowych a koszty zarządzania nadpłynnością w polskim systemie bankowym," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 77-90.
• Witold Małecki, 2016, "Finansjalizacja cykli koniunkturalnych i jej konsekwencje dla polityki stabilizacyjnej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 47-68.
• Łukasz Goczek & Karol Partyka, 2016, "Reakcja polityki pieniężnej na wydarzenia giełdowe," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 27-50.
• Michał Brzoza-Brzezina, 2016, "Why may large economies suffer more at the zero lower bound?," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2016-012, Jun, DOI: 10.33119/kaewps2016012.
• Michał Brzoza-Brzezina & Marcin Kolasa & Mateusz Szetela, 2016, "Is Poland at risk of the zero lower bound?," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2016-013, Jul, DOI: 10.33119/kaewps2016013.
• Severin Bernhard, 2016, "A real-time GDP data set for Switzerland," Economic Studies, Swiss National Bank, number 2016-09.
• Severin Bernhard & Till Ebner, 2016, "Cross-border Spillover Effects of Unconventional Monetary Policies on Swiss Asset Prices," Working Papers, Swiss National Bank, number 2016-09.
• Gregor Bäurle & Rolf Scheufele, 2016, "Credit cycles and real activity - the Swiss case," Working Papers, Swiss National Bank, number 2016-13.
• Jens H. E. Christensen & Signe Krogstrup, 2016, "A Portfolio Model of Quantitative Easing," Working Papers, Swiss National Bank, number 2016-19.
• Baki DEMİREL, 2016, "Türk Bankacılık Sisteminde Kredi Riski ve Modellenmesi," Sosyoekonomi Journal, Sosyoekonomi Society, issue 24(29).
• Adebayo Augustine Kutu & Harold Ngalawa, 2016, "Monetary Policy Shocks And Industrial Output In Brics Countries," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, volume 66, issue 3, pages 3-24, July-Sept.
• Naoyuki Yoshino & Farhad Taghizadeh-Hesary, 2016, "Introductory Remarks: What’s Behind the Recent Oil Price Drop?," ADB Institute Series on Development Economics, Springer, chapter 0, in: Naoyuki Yoshino & Farhad Taghizadeh-Hesary, "Monetary Policy and the Oil Market", DOI: 10.1007/978-4-431-55797-5_1.
• Farhad Taghizadeh-Hesary & Naoyuki Yoshino, 2016, "Impact of Expansionary Monetary Policy on Crude Oil Prices," ADB Institute Series on Development Economics, Springer, chapter 0, in: Naoyuki Yoshino & Farhad Taghizadeh-Hesary, "Monetary Policy and the Oil Market", DOI: 10.1007/978-4-431-55797-5_2.
• Farhad Taghizadeh-Hesary & Naoyuki Yoshino, 2016, "Which Side of the Economy Is Affected More by Oil Prices: Supply or Demand?," ADB Institute Series on Development Economics, Springer, chapter 0, in: Naoyuki Yoshino & Farhad Taghizadeh-Hesary, "Monetary Policy and the Oil Market", DOI: 10.1007/978-4-431-55797-5_3.
• Naoyuki Yoshino & Farhad Taghizadeh-Hesary, 2016, "How Did Monetary Policy Inflate Oil Prices Following the Subprime Mortgage Crisis?," ADB Institute Series on Development Economics, Springer, chapter 0, in: Naoyuki Yoshino & Farhad Taghizadeh-Hesary, "Monetary Policy and the Oil Market", DOI: 10.1007/978-4-431-55797-5_4.
• Naoyuki Yoshino & Farhad Taghizadeh-Hesary, 2016, "Monetary Policy in the Japanese Economy Incorporating Energy Prices," ADB Institute Series on Development Economics, Springer, chapter 0, in: Naoyuki Yoshino & Farhad Taghizadeh-Hesary, "Monetary Policy and the Oil Market", DOI: 10.1007/978-4-431-55797-5_6.
• Kenshiro Ninomiya, 2016, "Financial structure, financial instability, and inflation targeting," Evolutionary and Institutional Economics Review, Springer, volume 13, issue 1, pages 23-36, June, DOI: 10.1007/s40844-016-0029-2.
• Toshio Watanabe, 2016, "Net worth ratio, bank lending and financial instability," Evolutionary and Institutional Economics Review, Springer, volume 13, issue 1, pages 37-56, June, DOI: 10.1007/s40844-016-0038-1.
• Hiroki Murakami, 2016, "Alternative monetary policies and economic stability in a medium-term Keynesian model," Evolutionary and Institutional Economics Review, Springer, volume 13, issue 2, pages 323-362, December, DOI: 10.1007/s40844-016-0045-2.
• Efrem Castelnuovo, 2016, "Monetary policy shocks and Cholesky VARs: an assessment for the Euro area," Empirical Economics, Springer, volume 50, issue 2, pages 383-414, March, DOI: 10.1007/s00181-015-0930-2.
• Goran Petrevski & Jane Bogoev & Dragan Tevdovski, 2016, "Fiscal and monetary policy effects in three South Eastern European economies," Empirical Economics, Springer, volume 50, issue 2, pages 415-441, March, DOI: 10.1007/s00181-015-0932-0.
• C. Patrick Scott, 2016, "Are central bank preferences asymmetric when policy targets vary over time?," Empirical Economics, Springer, volume 51, issue 2, pages 577-589, September, DOI: 10.1007/s00181-015-1021-0.
• Sophocles N. Brissimis & Petros M. Migiakis, 2016, "Inflation persistence, learning dynamics and the rationality of inflation expectations," Empirical Economics, Springer, volume 51, issue 3, pages 963-979, November, DOI: 10.1007/s00181-015-1033-9.
• Nkwoma John Inekwe, 2016, "Financial uncertainty, risk aversion and monetary policy," Empirical Economics, Springer, volume 51, issue 3, pages 939-961, November, DOI: 10.1007/s00181-015-1036-6.
• Omokolade Akinsomi & Goodness C. Aye & Vassilios Babalos & Fotini Economou & Rangan Gupta, 2016, "Real estate returns predictability revisited: novel evidence from the US REITs market," Empirical Economics, Springer, volume 51, issue 3, pages 1165-1190, November, DOI: 10.1007/s00181-015-1037-5.
• Omokolade Akinsomi & Goodness C. Aye & Vassilios Babalos & Fotini Economou & Rangan Gupta, 2016, "Erratum to: Real estate returns predictability revisited: novel evidence from the US REITs market," Empirical Economics, Springer, volume 51, issue 3, pages 1191-1191, November, DOI: 10.1007/s00181-016-1066-8.
• Francesco Saraceno, 2016, "The ECB: a reluctant leading character of the EMU play," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, volume 33, issue 2, pages 129-151, August, DOI: 10.1007/s40888-016-0032-4.
• Monir Uddin Ahmed & Md. Moniruzzaman Muzib & Md. Mahedi Hasan, 2016, "Inflation, inflation uncertainty and relative price variability in Bangladesh," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, volume 6, issue 3, pages 389-427, December, DOI: 10.1007/s40822-016-0055-8.
• Eiji Tsuzuki, 2016, "Fiscal policy lag and equilibrium determinacy in a continuous-time New Keynesian model," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), volume 63, issue 3, pages 215-232, September, DOI: 10.1007/s12232-016-0250-7.
• Sarah Lima & Marco Malgarini, 2016, "Does a Survey Based Capacity Utilization Measure Help Predicting Brazilian Output Gap in Real-Time?," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), volume 12, issue 1, pages 119-139, September, DOI: 10.1007/s41549-016-0004-3.
• Michal Franta & David Havrlant & Marek Rusnák, 2016, "Forecasting Czech GDP Using Mixed-Frequency Data Models," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), volume 12, issue 2, pages 165-185, December, DOI: 10.1007/s41549-016-0008-z.
• Peter Stalder, 2016, "Exchange Rate Shocks, Monetary Policy and Boom-Bust Cycles in the Housing Market: An Econometric Analysis for Switzerland," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), volume 12, issue 2, pages 217-251, December, DOI: 10.1007/s41549-016-0011-4.
• Gaël Giraud & Antonin Pottier, 2016, "Debt-deflation versus the liquidity trap: the dilemma of nonconventional monetary policy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 62, issue 1, pages 383-408, June, DOI: 10.1007/s00199-015-0914-7.
• Athanasios Geromichalos & Jiwon Lee & Seungduck Lee & Keita Oikawa, 2016, "Over-the-counter trade and the value of assets as collateral," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 62, issue 3, pages 443-475, August, DOI: 10.1007/s00199-015-0904-9.
• Biswajit Maitra, 2016, "Inflation Dynamics in India: Relative Role of Structural and Monetary Factors," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), volume 14, issue 2, pages 237-255, December, DOI: 10.1007/s40953-016-0036-5.
• Jens Klose, 2016, "Die Emergency Liquidity Assistance der EZB — ein Blick in die Black Box
  [The Emergency Liquidity Assistance of the ECB — A Look into the Black Box]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 96, issue 1, pages 49-53, January, DOI: 10.1007/s10273-016-1924-1.
• Jens Klose, 2016, "Die Emergency Liquidity Assistance der EZB — ein Blick in die Black Box," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 96, issue 1, pages 49-53, January, DOI: 10.1007/s10273-016-1924-1.
• Nicolas Afflatet, 2016, "Geldpolitik im heterogenen Währungsraum und die offene Frage der Konvergenz
  [Monetary Policy in the Heterogeneous Currency Area and the Open Question of Convergence]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 96, issue 3, pages 193-197, March, DOI: 10.1007/s10273-016-1956-6.
• Dirk Meyer, 2016, "ANFA – nationale Geldschöpfung als Sprengsatz für die Währungsunion?
  [ANFA – National Money Creation as an Explosive Device for the Currency Union?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 96, issue 6, pages 413-421, June, DOI: 10.1007/s10273-016-1991-3.
• Lane, Philip R., 2016, "Macro-Financial Stability Under EMU," ESRB Working Paper Series, European Systemic Risk Board, number 1, Feb.
• Gomez, Matthieu & Landier, Augustin & Sraer, David & Thesmar, David, 2016, "Banks' exposure to interest rate risk and the transmission of monetary policy," ESRB Working Paper Series, European Systemic Risk Board, number 13, Jun.
• Taiji HARASHIMA, 2016, "A Theory Of Deflation: Can Expectations Be Influenced By A Central Bank?," Theoretical and Practical Research in the Economic Fields, ASERS Publishing, volume 7, issue 2, pages 98-145.
• Giorgio Fagiolo & Andrea Roventini, 2016, "Macroeconomic Policy in DSGE and Agent-Based Models Redux: New Developments and Challenges Ahead," LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number 2016/17, 04.
• Antonio Mele & Radoslaw Stefanski, 2016, "Velocity in the Long Run: Money and Structural Transformation," School of Economics Discussion Papers, School of Economics, University of Surrey, number 1116, Jul.
• Philippe Andrade & Filippo Ferroni, 2016, "Delphic and Odyssean monetary policy shocks: Evidence from the euro-area," School of Economics Discussion Papers, School of Economics, University of Surrey, number 1216, Oct.