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
/ / / E58: Central Banks and Their Policies

2021

• Irma Alonso & Pedro Serrano & Antoni Vaello-Sebastià, 2021, "The impact of heterogeneous unconventional monetary policies on the expectations of market crashes," Working Papers, Banco de España, number 2127, Aug.
• Hervé Le Bihan & Magali Marx & Julien Matheron, 2021, "Inflation tolerance ranges in the new keynesian model," Working Papers, Banco de España, number 2142, Nov.
• Marco Bottone & Alex Tagliabracci & Giordano Zevi, 2021, "Inflation expectations and the ECB’s perceived inflation objective: novel evidence from firm-level data," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 621, Jun.
• Giuseppe Ferrero & Massimiliano Pisani & Martino Tasso, 2021, "Policy mix during a pandemic crisis: a review of the debate on monetary and fiscal responses and the legacy for the future," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 623, Jun.
• Guido Bulligan & Francesco Corsello & Stefano Neri & Alex Tagliabracci, 2021, "De-anchored long-term inflation expectations in a low growth, low rate environment," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 624, Jun.
• Valerio Paolo Vacca & Fabian Bichlmeier & Paolo Biraschi & Natalie Boschi & Antonio J. Bravo Alvarez & Luciano Di Primio & André Ebner & Silvia Hoeretzeder & Elisa Llorente Ballesteros & Claudia Mian, 2021, "Measuring the impact of a bank failure on the real economy. An EU-wide analytical framework," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 626, Jun.
• Martina Cecioni & Adriana Grasso & Alessandro Notarpietro & Massimiliano Pisani, 2021, "Revisiting monetary policy objectives and strategies: international experience and challenges from the ELB," Questioni di Economia e Finanza (Occasional Papers), Bank of Italy, Economic Research and International Relations Area, number 660, Dec.
• Paolo Bramini & Matteo Coletti & Francesco Di Stasio & Pierfrancesco Molina & Vittorio Schina & Massimo Valentini, 2021, "TARGET2 - The European system for large-value payments settlement," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems), Bank of Italy, Directorate General for Markets and Payment System, number 9, Jul.
• Marco Fruzzetti & Giulio Gariano & Gerardo Palazzo & Antonio Scalia, 2021, "From SMP to PEPP: a further look at the risk endogeneity of the Central Bank," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems), Bank of Italy, Directorate General for Markets and Payment System, number 11, Oct.
• Paola Antilici & Annino Agnes & Gianluca Mosconi, 2021, "TLTROs and collateral availability in Italy," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems), Bank of Italy, Directorate General for Markets and Payment System, number 12, Nov.
• Laura Auria & Markus Bingmer & Carlos Mateo Caicedo Graciano & Clémence Charavel & Sergio Gavilá & Alessandra Iannamorelli & Aviram Levy & Alfredo Maldonado & Florian Resch & Anna Maria Rossi & Step, 2021, "Overview of central banks’ in-house credit assessment systems in the euro area," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems), Bank of Italy, Directorate General for Markets and Payment System, number 13, Nov.
• Davide Di Zio & Marco Fanari & Simone Letta & Tommaso Perez & Giovanni Secondin, 2021, "The strategic allocation and sustainability of central banks' investment," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems), Bank of Italy, Directorate General for Markets and Payment System, number 14, Dec.
• Enrico Bernardini & Johnny Di Giampaolo & Ivan Faiella & Marco Fruzzetti & Simone Letta & Raffaele Loffredo & Davide Nasti, 2021, "Climate and environmental risks: measuring the exposure of investments," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems), Bank of Italy, Directorate General for Markets and Payment System, number 15, Dec.
• Alberto Locarno & Alessandra Locarno, 2021, "Is inflation targeting a strategy past its sell-by date?," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1316, Feb.
• Cristina Angelico & Juri Marcucci & Marcello Miccoli & Filippo Quarta, 2021, "Can we measure inflation expectations using Twitter?," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1318, Feb.
• Alessandro Ferrari & Valerio Nispi Landi, 2021, "Whatever it takes to save the planet? Central banks and unconventional green policy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1320, Feb.
• Valentina Aprigliano & Simone Emiliozzi & Gabriele Guaitoli & Andrea Luciani & Juri Marcucci & Libero Monteforte, 2021, "The power of text-based indicators in forecasting the Italian economic activity," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1321, Mar.
• Alessio Anzuini & Luca Rossi, 2021, "Unconventional monetary policies and expectations on economic variables," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1323, Mar.
• Maria Ludovica Drudi & Stefano Nobili, 2021, "A liquidity risk early warning indicator for Italian banks: a machine learning approach," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1337, Jun.
• Gennaro Catapano & Francesco Franceschi & Valentina Michelangeli & Michele Loberto, 2021, "Macroprudential Policy Analysis via an Agent Based Model of the Real Estate Sector," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1338, Jun.
• De la Peña Rogelio, 2021, "Should monetary policy lean against the wind in a small-open economy? Revisiting the Tinbergen rule," Working Papers, Banco de México, number 2021-01, Apr.
• Valencia C, Gloria (ed.), 2021, "Junta Directiva del Banco de la República: grandes episodios en 30 años de historia," Books, Banco de la Republica de Colombia, number 2021-isbn:9789586644372, ISBN: ARRAY(0x852db9c0), November, DOI: 10.32468/Ebook.664-437-2.
• Alejandro Rojas-Bernal & Mauricio Villamizar-Villegas, 2021, "Pricing the exotic: Path-dependent American options with stochastic barriers," Borradores de Economia, Banco de la Republica de Colombia, number 1156, Mar, DOI: https://doi.org/10.32468/be.1156.
• Andrea Fabiani & Martha López & José-Luis Peydró & Paul E. Soto, 2021, "Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy," Borradores de Economia, Banco de la Republica de Colombia, number 1162, Jun, DOI: https://doi.org/10.32468/be.1162.
• Fabio Ortega-Castro & Freddy Cepeda-López & Constanza Martínez-Ventura, 2021, "Heterogeneidad en el uso de las fuentes de liquidez intradía en el sistema de pagos de alto valor," Borradores de Economia, Banco de la Republica de Colombia, number 1166, Aug, DOI: 10.32468/be.1166.
• Carlos Alberto Arango-Arango & Yanneth Rocío Betancourt-García & Manuela Restrepo-Bernal, 2021, "An Application of the Tourist Test to Colombian Merchants," Borradores de Economia, Banco de la Republica de Colombia, number 1176, Oct, DOI: 10.32468/be.1176.
• Carlos A. Arango-Arango & Yanneth Rocío Betancourt-García & Manuela Restrepo-Bernal & Germán Zuluaga-Giraldo, 2021, "Pagos electrónicos y uso del efectivo en los comercios colombianos 2020," Borradores de Economia, Banco de la Republica de Colombia, number 1180, Nov, DOI: 10.32468/be.1180.
• Marcela De Castro-Valderrama & Santiago Forero-Alvarado & Nicolás Moreno-Arias & Sara Naranjo-Saldarriaga, 2021, "Unraveling the Exogenous Forces Behind Analysts’ Macroeconomic Forecasts," Borradores de Economia, Banco de la Republica de Colombia, number 1184, Dec, DOI: 10.32468/be.1184.
• Lemoine Matthieu & Jesper Lind, 2021, "Fiscal Stimulus in Liquidity Traps: Conventional or Unconventional Policies?," Working papers, Banque de France, number 799.
• Philippe Andrade & Jordi Gali & Hervé Le Bihan & Julien Matheron, 2021, "Should the ECB Adjust its Strategy in the Face of a Lower r*?," Working papers, Banque de France, number 811.
• Camille Macaire & Alain Naef, 2021, "Greening Monetary Policy: Evidence from the People's Bank of China," Working papers, Banque de France, number 812.
• Hervé Le Bihan & Magali Marx & Julien Matheron, 2021, "Inflation tolerance ranges in the New Keynesian model," Working papers, Banque de France, number 820.
• Cyril Couaillier & Valerio Scalone, 2021, "Risk-to-Buffer: Setting Cyclical and Structural Capital Buffers through Banks Stress Tests," Working papers, Banque de France, number 830.
• Adrian Penalver & Daniele Siena, 2021, "The Deflationary Bias of the ZLB and the FED s Strategic Response," Working papers, Banque de France, number 843.
• Julien Matheron & Philippe Andrade & Hervé Le Bihan & Jordi Galí, 2021, "Should the ECB Adjust its Strategy in the Face of a Lower r*?," Working Papers, Barcelona School of Economics, number 1236, Feb.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Carlo Altavilla & Luc Laeven & José-Luis Peydró, 2021, "Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers," Working Papers, Barcelona School of Economics, number 1246, Apr.
• Yuriy Gorodnichenko & Tho Pham & Oleksandr Talavera, 2021, "The Voice of Monetary Policy," Discussion Papers, Department of Economics, University of Birmingham, number 21-02, Feb.
• Yuriy Gorodnichenko & Tho Pham & Oleksandr Talavera, 2021, "Central Bank Communication on Social Media: What, To Whom, and How?," Discussion Papers, Department of Economics, University of Birmingham, number 21-05, Apr.
• Jiaqi Xiao & Arturas Juodis & Yiannis Karavias & Vasilis Sarafidis, 2021, "Improved Tests for Granger Non-Causality in Panel Data," Discussion Papers, Department of Economics, University of Birmingham, number 21-06, Apr.
• Fernando Avalos & Dora Xia, 2021, "Investor size, liquidity and prime money market fund stress," BIS Quarterly Review, Bank for International Settlements, March.
• Claudio Borio & Piti Disyatat & Dora Xia & Egon Zakrajšek, 2021, "Monetary policy, relative prices and inflation control: flexibility born out of success," BIS Quarterly Review, Bank for International Settlements, September.
• Carlos Cantú & Paolo Cavallino & Fiorella De Fiore & James Yetman, 2021, "A global database on central banks' monetary responses to Covid-19," BIS Working Papers, Bank for International Settlements, number 934, Mar.
• Gabriele Galati & Richhild Moessner & Maarten van Rooij, 2021, "The anchoring of long-term inflation expectations of consumers: insights from a new survey," BIS Working Papers, Bank for International Settlements, number 936, Apr.
• Raphael Auer & Rainer Boehme, 2021, "Central bank digital currency: the quest for minimally invasive technology," BIS Working Papers, Bank for International Settlements, number 948, Jun.
• Boris Hofmann & Marco Jacopo Lombardi & Benoit Mojon & Athanasios Orphanides, 2021, "Fiscal and monetary policy interactions in a low interest rate world," BIS Working Papers, Bank for International Settlements, number 954, Jul.
• Simon Gilchrist & Bin Wei & Vivian Z Yue & Egon Zakrajšek, 2021, "The Fed takes on corporate credit risk: an analysis of the efficacy of the SMCCF," BIS Working Papers, Bank for International Settlements, number 963, Sep.
• Michael Brei & Blaise Gadanecz, 2021, "Inter-agency coordination bodies and the speed of prudential policy responses to the Covid-19 pandemic," BIS Working Papers, Bank for International Settlements, number 969, Oct.
• Mitsuru Katagiri & Koji Takahashi, 2021, "Do term premiums matter? Transmission via exchange rate dynamics," BIS Working Papers, Bank for International Settlements, number 971, Oct.
• Erik Feyen & Jon Frost & Harish Natarajan & Tara Rice, 2021, "What does digital money mean for emerging market and developing economies?," BIS Working Papers, Bank for International Settlements, number 973, Oct.
• Phurichai Rungcharoenkitkul & Fabian Winkler, 2021, "The natural rate of interest through a hall of mirrors," BIS Working Papers, Bank for International Settlements, number 974, Nov.
• Raphael Auer & Jon Frost & Leonardo Gambacorta & Cyril Monnet & Tara Rice & Hyun Song Shin, 2021, "Central bank digital currencies: motives, economic implications and the research frontier," BIS Working Papers, Bank for International Settlements, number 976, Nov.
• Claudio Borio, 2021, "Back to the future: intellectual challenges for monetary policy," BIS Working Papers, Bank for International Settlements, number 981, Nov.
• Claudio Borio, 2021, "Navigating by r*: safe or hazardous?," BIS Working Papers, Bank for International Settlements, number 982, Nov.
• Rashad Ahmed & Claudio Borio & Piti Disyatat & Boris Hofmann, 2021, "Losing traction? The real effects of monetary policy when interest rates are low," BIS Working Papers, Bank for International Settlements, number 983, Nov.
• Eszter Balogh & Adám Banai & Tirupam Goel & Péter Lang & Martin Stancsics & Előd Takáts & Álmos Telegdy, 2021, "Credit constrained firms and government subsidies: evidence from a European Union program," BIS Working Papers, Bank for International Settlements, number 984, Nov.
• Dmitry Miroshnichenko, 2021, "Impact of Bank of Russia Macroprudential Policy on Risk Exposure of Banks' Consumer Loan Portfolios," Russian Journal of Money and Finance, Bank of Russia, volume 80, issue 3, pages 73-93, September, DOI: 10.31477/rjmf.202103.73.
• Alina Evstigneeva & Mark Sidorovskiy, 2021, "Assessment of Clarity of Bank of Russia Monetary Policy Communication by Neural Network Approach," Russian Journal of Money and Finance, Bank of Russia, volume 80, issue 3, pages 3-33, September, DOI: 10.31477/rjmf.202103.03.
• Anna Burova & Henry Penikas & Svetlana Popova, 2021, "Probability of Default Model to Estimate Ex Ante Credit Risk," Russian Journal of Money and Finance, Bank of Russia, volume 80, issue 3, pages 49-72, September, DOI: 10.31477/rjmf.202103.49.
• Anna Burova & Alexey Ponomarenko & Svetlana Popova & Andrey Sinyakov & Yulia Ushakova, 2021, "Measuring heterogeneity in banks' interest rate setting in Russia," Bank of Russia Working Paper Series, Bank of Russia, number wps77, Jul.
• Tatiana Grishina & Alexey Ponomarenko, 2021, "Banks’ interest rate setting and transitions between liquidity surplus and deficit," Bank of Russia Working Paper Series, Bank of Russia, number wps79, Oct.
• Konstantin Styrin & Alexander Tishin, 2021, "Preventive monetary and macroprudential policy response to anticipated shocks to financial stability," Bank of Russia Working Paper Series, Bank of Russia, number wps80, Sep.
• Mikhail Andreyev & Andrey Polbin, 2021, "Optimal simple monetary policy rules for a resource-rich economy and the Zero Lower Bound," Bank of Russia Working Paper Series, Bank of Russia, number wps81, Oct.
• Fernanda Cuitiño & Juan Pablo Medina & Laura Zacheo, 2021, "Exchange Rate Pass-Through Conditional on Shocks and Monetary Policy Credibility. The Case of Uruguay," Documentos de trabajo, Banco Central del Uruguay, number 2021008.
• Jose Eduardo Gomez‐Gonzalez & Julian Andres Parra‐Polania & Mauricio Villamizar‐Villegas, 2021, "More than words: Foreign exchange intervention under imperfect credibility," Bulletin of Economic Research, Wiley Blackwell, volume 73, issue 4, pages 499-507, October, DOI: 10.1111/boer.12268.
• Arina Wischnewsky & David‐Jan Jansen & Matthias Neuenkirch, 2021, "Financial stability and the Fed: Evidence from congressional hearings," Economic Inquiry, Western Economic Association International, volume 59, issue 3, pages 1192-1214, July, DOI: 10.1111/ecin.12977.
• Claudio Borio, 2021, "Back to the Future: Intellectual Challenges for Monetary Policy," Economic Papers, The Economic Society of Australia, volume 40, issue 4, pages 273-287, December, DOI: 10.1111/1759-3441.12331.
• Gunda‐Alexandra Detmers & Ozer Karagedikli & Richhild Moessner, 2021, "Quantitative or Qualitative Forward Guidance: Does it Matter?," The Economic Record, The Economic Society of Australia, volume 97, issue 319, pages 491-503, December, DOI: 10.1111/1475-4932.12637.
• Patrice Baubeau & Eric Monnet & Angelo Riva & Stefano Ungaro, 2021, "Flight‐to‐safety and the credit crunch: a new history of the banking crises in France during the Great Depression," Economic History Review, Economic History Society, volume 74, issue 1, pages 223-250, February, DOI: 10.1111/ehr.12972.
• Puriya Abbassi & Falk Bräuning & Niels Schulze, 2021, "Bargaining power and outside options in the interbank lending market," Financial Management, Financial Management Association International, volume 50, issue 2, pages 553-586, June, DOI: 10.1111/fima.12332.
• Carin van der Cruijsen & Jakob de Haan & Ria Roerink, 2021, "Financial knowledge and trust in financial institutions," Journal of Consumer Affairs, Wiley Blackwell, volume 55, issue 2, pages 680-714, June, DOI: 10.1111/joca.12363.
• A. Bartocci & L. Burlon & A. Notarpietro & M. Pisani, 2021, "Macroeconomic Effects of Non‐Standard Monetary Policy Measures in the Euro Area: The Role of Corporate Bond Purchases," Manchester School, University of Manchester, volume 89, issue S1, pages 97-130, September, DOI: 10.1111/manc.12289.
• Pao‐Lin Tien & Tara M. Sinclair & Edward N. Gamber, 2021, "Do Fed Forecast Errors Matter?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, volume 83, issue 3, pages 686-712, June, DOI: 10.1111/obes.12415.
• Rongrong Sun, 2021, "Requiem for the interest rate controls in China," Pacific Economic Review, Wiley Blackwell, volume 26, issue 2, pages 139-160, May, DOI: 10.1111/1468-0106.12341.
• Jin Cao & Valeriya Dinger & Anna Grodecka‐Messi & Ragnar Juelsrud & Xin Zhang, 2021, "The interaction between macroprudential and monetary policies: The cases of Norway and Sweden," Review of International Economics, Wiley Blackwell, volume 29, issue 1, pages 87-116, February, DOI: 10.1111/roie.12507.
• Alexander Jung & Patrick Kuehl, 2021, "Can central bank communication help to stabilise inflation expectations?," Scottish Journal of Political Economy, Scottish Economic Society, volume 68, issue 3, pages 298-321, July, DOI: 10.1111/sjpe.12276.
• Valeria Fernanda Jemio Hurtado, 2021, "Reglas de política monetaria en tiempos de estabilidad y volatilidad: Un enfoque de equilibrio general con estimación bayesiana para Bolivia," Revista de Análisis del BCB, Banco Central de Bolivia, volume 35, issue 1, pages 9-74, July - De.
• Thore Kockerols & Erling Motzfeldt Kravik & Yasin Mimir, 2021, "Leaning against persistent financial cycles with occasional crises," Working Paper, Norges Bank, number 2021/11, Oct.
• Jin Cao & Valeriya Dinger & Tomás Gómez & Zuzana Gric & Martin Hondula & Alejandro Jara & Ragnar Juelsrud & Karolis Liaudinskas & Simona Malovaná & Yaz Terajima, 2021, "Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rate," Working Paper, Norges Bank, number 2021/12, Nov.
• Jon H. Findreng, 2021, "Peer Monitoring vs. Search Costs in the Interbank Market: Evidence from Payment Flow Data in Norway," Working Paper, Norges Bank, number 2021/2, May.
• Stephen Millard & Margarita Rubio & Alexandra Varadi, 2021, "The macroprudential toolkit: effectiveness and interactions," Bank of England working papers, Bank of England, number 902, Jan.
• Marc Hinterschweiger & Kunal Khairnar & Tolga Ozden & Tom Stratton, 2021, "Macroprudential policy interactions in a sectoral DSGE model with staggered interest rates," Bank of England working papers, Bank of England, number 904, Jan.
• Dario Bonciani & Joonseok Oh, 2021, "Revisiting the New Keynesian policy paradoxes under QE," Bank of England working papers, Bank of England, number 908, Feb.
• Iryna Kaminska & Haroon Mumtaz & Roman Sustek, 2021, "Monetary policy surprises and their transmission through term premia and expected interest rates," Bank of England working papers, Bank of England, number 914, Mar.
• Sevim Kösem, 2021, "Income inequality, mortgage debt and house prices," Bank of England working papers, Bank of England, number 921, May.
• Richard Harrison, 2021, "Flexible inflation targeting with active fiscal policy," Bank of England working papers, Bank of England, number 928, Jul.
• Ambrogio Cesa-Bianchi & Fernando Eguren-Martin, 2021, "Dash for dollars," Bank of England working papers, Bank of England, number 932, Jul.
• Simon Lloyd & Ed Manuel & Konstantin Panchev, 2021, "Foreign vulnerabilities, domestic risks: the global drivers of GDP-at-Risk," Bank of England working papers, Bank of England, number 940, Sep.
• Tim Munday & James Brookes, 2021, "Mark my words: the transmission of central bank communication to the general public via the print media," Bank of England working papers, Bank of England, number 944, Oct.
• Dario Bonciani & Joonseok Oh, 2021, "Optimal monetary policy mix at the zero lower bound," Bank of England working papers, Bank of England, number 945, Oct.
• Dimitris Papageorgiou & Stylianos Tsiaras, 2021, "The Greek Great Depression from a neoclassical perspective," Working Papers, Bank of Greece, number 286, Feb.
• Andreas Kakridis, 2021, "Nobody’s child: the Bank of Greece in the interwar years," Working Papers, Bank of Greece, number 290, Jul.
• George Hondroyiannis & Dimitrios Papaoikonomou, 2021, "The effect of Eurosystem asset purchase programmes on euro area sovereign bond yields during the COVID-19 pandemic," Working Papers, Bank of Greece, number 291, Jul.
• Jonathan Benchimol & Gamrasni Inon & Kahn Michael & Ribon Sigal & Saadon Yossi & Ben-Ze'Ev Noam & Segal Asaf & Shizgal Yitzchak, 2021, "The Interaction Between Domestic Monetary Policy and Macroprudential Policy in Israel," Bank of Israel Working Papers, Bank of Israel, number 2021.02, Feb.
• Jonathan Benchimol & Sophia Kazinnik & Yossi Saadon, 2021, "Federal Reserve Communication and the COVID-19 Pandemic," Bank of Israel Working Papers, Bank of Israel, number 2021.15, Jul.
• Kento Yoshizawa & Kohei Maehashi & Hiroaki Yanagihara & Yoichi Kadogawa & Masakazu Inada, 2021, "Developments in Banknotes in Circulation since the Start of the Pandemic," Bank of Japan Review Series, Bank of Japan, number 21-E-6, Dec.
• Ko Adachi & Kazuhiro Hiraki & Tomiyuki Kitamura, 2021, "Supplementary Paper Series for the "Assessment" (1): The Effects of the Bank of Japan's ETF Purchases on Risk Premia in the Stock Markets," Bank of Japan Working Paper Series, Bank of Japan, number 21-E-3, Apr.
• Takuji Kawamoto & Takashi Nakazawa & Yui Kishaba & Kohei Matsumura & Jouchi Nakajima, 2021, "Supplementary Paper Series for the "Assessment" (2): Estimating Effects of Expansionary Monetary Policy since the Introduction of Quantitative and Qualitative Monetary Easing (QQE) Using the Macroeconomic Model (Q-JEM)," Bank of Japan Working Paper Series, Bank of Japan, number 21-E-4, Apr.
• Takuji Kawamoto & Jouchi Nakajima & Tomoaki Mikami, 2021, "Supplementary Paper Series for the "Assessment" (3): Inflation-Overshooting Commitment:An Analysis Using a Macroeconomic Model," Bank of Japan Working Paper Series, Bank of Japan, number 21-E-9, Jul.
• Luca Fanelli & Antonio Marsi, 2021, "Unconventional Monetary Policy in the Euro Area: A Tale of Three Shocks," Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna, number wp1164, Sep.
• Gregor Boehl, 2021, "Efficient Solution and Computation of Models With Occasionally Binding Constraints," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2021_253, Jan.
• Gregor Boehl & Philipp Lieberknecht, 2021, "The Hockey Stick Phillips Curve and the Zero Lower Bound," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2021_266, Feb.
• Cho Daeha & Mok Junghwan & Shim Myungkyu, 2021, "Leaning-Against-the-Wind: Which Policy and When?," The B.E. Journal of Macroeconomics, De Gruyter, volume 21, issue 1, pages 125-150, January, DOI: 10.1515/bejm-2019-0142.
• Bias Peter V. & Hall Joshua D., 2021, "A Test of Neo-Fisherism: 1964–2019," The B.E. Journal of Macroeconomics, De Gruyter, volume 21, issue 1, pages 221-251, January, DOI: 10.1515/bejm-2017-0234.
• Kolasa Marcin, 2021, "On the Limits of Macroprudential Policy," The B.E. Journal of Macroeconomics, De Gruyter, volume 21, issue 1, pages 281-307, January, DOI: 10.1515/bejm-2018-0189.
• Tillmann Peter, 2021, "Robust Monetary Policy Under Uncertainty About the Lower Bound," The B.E. Journal of Macroeconomics, De Gruyter, volume 21, issue 1, pages 309-321, January, DOI: 10.1515/bejm-2019-0077.
• Ida Daisuke & Okano Mitsuhiro, 2021, "Delegating Optimal Monetary Policy Inertia in a Small-Open Economy," The B.E. Journal of Macroeconomics, De Gruyter, volume 21, issue 2, pages 473-507, June, DOI: 10.1515/bejm-2020-0181.
• Mislin Alexander, 2021, "Monetary Policy and Asset Price Gap Signal Technology in a New Keynesian Framework," The Economists' Voice, De Gruyter, volume 18, issue 1, pages 31-45, December, DOI: 10.1515/ev-2021-0003.
• Wischnewsky Arina & Neuenkirch Matthias, 2021, "Shadow banks and the risk-taking channel of monetary policy transmission in the euro area," German Economic Review, De Gruyter, volume 22, issue 1, pages 97-128, February, DOI: 10.1515/ger-2019-0097.
• Iwanicz-Drozdowska Małgorzata & Kurowski Łukasz, 2021, "Keep your friends close and your enemies closer – the case of monetary policy and financial imbalances," German Economic Review, De Gruyter, volume 22, issue 4, pages 383-414, November, DOI: 10.1515/ger-2020-0045.
• Bitar Joseph & Boileau Martin, 2021, "Emerging Markets Interest Rates, International Reserves and Net Foreign Assets," Journal of Globalization and Development, De Gruyter, volume 12, issue 2, pages 145-180, December, DOI: 10.1515/jgd-2020-0079.
• Giménez Roche Gabriel A. & Janson Nathalie, 2021, "The Central Bank Shift to Market Maker of Last Resort: The Unintended Consequences of Unconventional Monetary Policies," Journal des Economistes et des Etudes Humaines, De Gruyter, volume 27, issue 1, pages 1-33, June, DOI: 10.1515/jeeh-2021-0037.
• Lukas Krupka, 2021, "Currency Board In Argentina," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, volume 19, issue 1, pages 48-62.
• Lengwiler, Yvan & Orphanides, Athanasios, 2021, "Collateral Framework: Liquidity Premia and Multiple Equilibria," Working papers, Faculty of Business and Economics - University of Basel, number 2021/06.
• Jean-Bernard Chatelain & Kirsten Ralf, 2021, "Imperfect Credibility versus No Credibility of Optimal Monetary Policy," Revue économique, Presses de Sciences-Po, volume 72, issue 1, pages 43-63.
• Emanuele Franceschi, 2021, "Taylor Rules and Liquidity in Financial Markets," Revue économique, Presses de Sciences-Po, volume 72, issue 1, pages 103-134.
• Christian Pfister, 2021, "La réforme du 100 % réserves : calamité ou opportunité ?," Revue d'économie financière, Association d'économie financière, volume 0, issue 1, pages 293-316.
• Vivien Levy-Garboua & Gérard Maarek, 2021, "L’inexorable dérive du système financier," Revue d'économie financière, Association d'économie financière, volume 0, issue 2, pages 29-47.
• Christophe Boucher & Patrick Kouontchou, 2021, "Quête de rendements et crise de la Covid-19 : la crise systémique fantôme," Revue d'économie financière, Association d'économie financière, volume 0, issue 2, pages 229-252.
• Christian Pfister & Natacha Valla, 2021, "Une banque centrale pour le changement climatique ?," Revue d'économie financière, Association d'économie financière, volume 0, issue 3, pages 241-267.
• Agustín Carstens, 2021, "Les banques centrales s'adaptent à de nouveaux défis," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 33-46.
• Frank Smets, 2021, "Comment expliquer la faiblesse durable des taux directeurs dans la zone euro ?," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 47-60.
• Côme Poirier & Xavier Ragot, 2021, "Une réhabilitation raisonnée de la finance fonctionnelle : stagnation séculaire, croissance et inflation," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 61-72.
• Philip R. Lane, 2021, "La stratégie de politique monétaire de la Banque centrale européenne," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 75-89.
• Richard H. Clarida, 2021, "Le nouveau cadre de la Federal Reserve : contexte et conséquences," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 91-105.
• François Villeroy de Galhau & Vincent Bignon & Bruno Cabrillac, 2021, "Les défis posés à la politique monétaire par un environnement plus exigeant," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 107-121.
• Otmar Issing, 2021, "Nouvelles orientations de la politique monétaire : abandon du point d'ancrage ?," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 123-131.
• Dirk Schumacher, 2021, "Comprendre les banques centrales. Les mesures d'exception troublent-elles le tableau ?," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 133-143.
• Stephen G. Cecchetti & Kermit L. Schoenholtz, 2021, "Limiter la budgétarisation des banques centrales," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 147-160.
• Athanasios Orphanides, 2021, "La dimension budgétaire de la politique monétaire et l'autonomie des banques centrales : leçons de deux crises," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 161-176.
• Sabine Mauderer & David Döhrmann & Joschka Gerigk, 2021, "Changement climatique : quel rôle pour les banques centrales ?," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 179-190.
• Matthias Thiemann, 2021, "La relation asymétrique des banques centrales au financement de marché : une évaluation des implications pour la stabilité financière à la lumière des événements liés à la Covid," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 191-201.
• Michel Aglietta & Natacha Valla, 2021, "La souveraineté de la monnaie et ses transformations historiques : l'invention de la monnaie digitale de banque centrale au XXI e siècle et ses conséquences géopolitiques," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 203-213.
• Laurence Scialom, 2021, "La responsabilité sociétale des banques centrales," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 215-226.
• Pervenche Berès, 2021, "La Banque centrale européenne : quelle responsabilité devant le Parlement européen, corollaire de son indépendance pour assoir sa crédibilité et sa légitimité ?," Revue d'économie financière, Association d'économie financière, volume 0, issue 4, pages 227-245.
• Lloyd, S. & Manuel, E. & Panchev, K., 2021, "Foreign Vulnerabilities, Domestic Risks: The Global Drivers of GDP-at-Risk," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2156, Aug.
• Parle, Conor, 2021, "The financial market impact of ECB monetary policy press conferences - a text based approach," Research Technical Papers, Central Bank of Ireland, number 4/RT/21, May.
• Dimitrios Anastasiou, 2021, "Macroeconomic determinants of MIR interest rate margin in the euro area," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 1, pages 39-53.
• Bryane Michael & Svitlana Osaulenko, 2021, "TOWARD A NEW COMPARATIVE PUBLIC LAW OF CENTRAL BANK LEGISLATION: Designing Legislative Mandates for Central Bank Private Securities Assets Purchases and Nominal GDP Targeting," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 1, pages 5-38.
• Zoran Grubišić & Sandra Kamenković & Tijana Kaličanin, 2021, "Comparative Analysis of the Banking Sector Competitiveness in Serbia and Montenegro," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 1, pages 75-91.
• Aslı Güler, 2021, "Does Monetary Policy Credibility Help in Anchoring Inflation Expectations? Evidence from Six Inflation Targeting Emerging Economies," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 1, pages 93-111.
• Alexander Ehimare Omankhanlen & Noah Ilori & Areghan Isibor & Lawrence Uchenna Okoye, 2021, "Monetary Policies and the Achievement of Bank Profit Objective," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 2, pages 201-220.
• Ibrahim A. Onour & Bruno S. Sergi, 2021, "The impact of a political shock on foreign exchange markets in a small and open economy: A dynamic modelling approach," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 3, pages 137-152.
• Guillaume Vallet, 2021, "Great Power, Great Responsibility: Addressing the Underestimated Issue of Central Bank’s Social Responsibility," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 3, pages 23-39.
• Mahdi Yazdani & Mohammad Nikzad, 2021, "Output Losses from Currency Crises and the Role of Central Bank," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 10, issue 3, pages 79-97.
• Andrew Besuyen & Tom Coupé & Kuntal K. Das, 2021, "Effectiveness of Foreign Exchange Interventions: Evidence from New Zealand," Working Papers in Economics, University of Canterbury, Department of Economics and Finance, number 21/01, Feb.
• Lyu, Juyi & Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2021, "Macroprudential Regulation in the Post-Crisis Era: Has the Pendulum Swung Too Far?," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2021/5, Mar.
• Mariano Fernández, 2021, "Estabilizaciones transitorias y permanentes usando al tipo de cambio o la cantidad de dinero como anclas nominales," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 792, May.
• Mariano Fernández, 2021, "Perturbaciones reales sobre la Cuenta Corriente. Equilibrio parcial keynesiano vs. enfoque intertemporal de la cuenta corriente," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 815, Nov.
• Scott R. Baker & Nicholas Bloom & Steven J. Davis & Marco Sammon, 2021, "What triggers stock market jumps?," CEP Discussion Papers, Centre for Economic Performance, LSE, number dp1789, Aug.
• Richard Davies, 2021, "Prices and inflation in the UK - A new dataset," CEP Occasional Papers, Centre for Economic Performance, LSE, number 55, Feb.
• Scott R. Baker & Nicholas Bloom & Steven J. Davis & Marco Sammon, 2021, "What triggers stock market jumps?," POID Working Papers, Centre for Economic Performance, LSE, number 010, Aug.
• Hassan Afrouzi & Choongryul Yang, 2021, "Dynamic Rational Inattention and the Phillips Curve," CESifo Working Paper Series, CESifo, number 8840.
• Michael Ehrmann, 2021, "Point Targets, Tolerance Bands, or Target Ranges? Inflation Target Types and the Anchoring of Inflation Expectations," CESifo Working Paper Series, CESifo, number 9034.
• Greta Meggiorini & Fabio Milani, 2021, "Behavioral New Keynesian Models: Learning vs. Cognitive Discounting," CESifo Working Paper Series, CESifo, number 9039.
• Oliver Hülsewig & Horst Rottmann, 2021, "Euro Area House Prices and Unconventional Monetary Policy Surprises," CESifo Working Paper Series, CESifo, number 9045.
• Magnus Reif, 2021, "Time-Varying Dynamics of the German Business Cycle: A Comprehensive Investigation," CESifo Working Paper Series, CESifo, number 9271.
• Christian Bittner & Alexander Rodnyansky & Farzad Saidi & Yannick Timmer, 2021, "Mixing QE and Interest Rate Policies at the Effective Lower Bound: Micro Evidence from the Euro Area," CESifo Working Paper Series, CESifo, number 9363.
• Emanuel Kohlscheen & Richhild Moessner, 2021, "Globalisation and the Slope of the Phillips Curve," CESifo Working Paper Series, CESifo, number 9383.
• Richhild Moessner, 2021, "Effects of Inflation Expectations on Inflation," CESifo Working Paper Series, CESifo, number 9467.
• Richhild Moessner, 2021, "Determinants of Inflation Expectations," CESifo Working Paper Series, CESifo, number 9485.
• Celine Li & Marie-Theres von Schickfus, 2021, "Kurz zum Klima: Zentralbanken und „grüne Geldpolitik“," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 74, issue 08, pages 53-60, August.
• Jorge Fornero & Markus Kirchner & Carlos Molina, 2021, "Estimating Shadow Policy Rates in a Small Open Economy and the Role of Foreign Factors," Working Papers Central Bank of Chile, Central Bank of Chile, number 915, May.
• Semyon Malamud & Anna Cieslak & Andreas Schrimpf, 2021, "Optimal Transport of Information," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-15, Feb.
• Alexis Marchal, 2021, "Risk & Returns around Fomc Press Conferences: A Novel Perspective from Computer Vision," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-18, Mar.
• Raphael Auer & Alexandra Matyunina & Steven Ongena, 2021, "The countercyclical capital buffer and the composition of bank lending," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-66, Sep.
• Semyon Malamud & Andreas Schrimpf, 2021, "Persuasion by Dimension Reduction," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-69, Oct.
• Oscar Arce & Miguel Garcia-Posada & Sergio Mayordomo & Steven Ongena, 2021, "Adapting lending policies in a “negative-for-long” scenario," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-75, Nov.
• Michael Zhemkov, 2021, "Nowcasting Russian GDP using forecast combination approach," International Economics, CEPII research center, issue 168, pages 10-24.
• Aymeric Ortmans & Fabien Tripier, 2021, "Quand la BCE a-t-elle stoppé la contagion de la Covid-19 aux marchés financiers ?," La Lettre du CEPII, CEPII research center, issue 416.
• Stephanie M. CHONDOUGH, 2021, "The Implication Of The Cbn Cashless Economy Policy Channels On The Performance Of Nigerian Banks," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 26, pages 75-85, September.
• Simona Malovana & Martin Hodula & Zuzana Gric & Josef Bajzik, 2021, "Macroprudential Policy in Central Banks: Integrated or Separate? Survey Among Academics and Central Bankers," Research and Policy Notes, Czech National Bank, Research and Statistics Department, number 2021/04, Dec.
• Alvarez, Fernando & Barlevy, Gadi, 2021, "Mandatory disclosure and financial contagion," Journal of Economic Theory, Elsevier, volume 194, issue C, DOI: 10.1016/j.jet.2021.105237.
• Hu, Tai-Wei, 2021, "Optimal monetary policy with interest on reserves and capital over-accumulation," Journal of Economic Theory, Elsevier, volume 196, issue C, DOI: 10.1016/j.jet.2021.105319.
• Peydró, José-Luis & Polo, Andrea & Sette, Enrico, 2021, "Monetary policy at work: Security and credit application registers evidence," Journal of Financial Economics, Elsevier, volume 140, issue 3, pages 789-814, DOI: 10.1016/j.jfineco.2021.01.008.
• Carpinelli, Luisa & Crosignani, Matteo, 2021, "The design and transmission of central bank liquidity provisions," Journal of Financial Economics, Elsevier, volume 141, issue 1, pages 27-47, DOI: 10.1016/j.jfineco.2020.06.025.
• Leombroni, Matteo & Vedolin, Andrea & Venter, Gyuri & Whelan, Paul, 2021, "Central bank communication and the yield curve," Journal of Financial Economics, Elsevier, volume 141, issue 3, pages 860-880, DOI: 10.1016/j.jfineco.2021.04.036.
• Benetton, Matteo & Fantino, Davide, 2021, "Targeted monetary policy and bank lending behavior," Journal of Financial Economics, Elsevier, volume 142, issue 1, pages 404-429, DOI: 10.1016/j.jfineco.2021.05.002.
• Klein, Philipp & Mössinger, Carina & Pfingsten, Andreas, 2021, "Transparency as a remedy for agency problems in securitization? The case of ECB’s loan-level reporting initiative," Journal of Financial Intermediation, Elsevier, volume 46, issue C, DOI: 10.1016/j.jfi.2020.100853.
• Rezende, Marcelo & Styczynski, Mary-Frances & Vojtech, Cindy M., 2021, "The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations," Journal of Financial Intermediation, Elsevier, volume 46, issue C, DOI: 10.1016/j.jfi.2020.100860.
• Rischen, Tobias & Theissen, Erik, 2021, "Underpricing in the euro area bond market: New evidence from post-crisis regulation and quantitative easing," Journal of Financial Intermediation, Elsevier, volume 46, issue C, DOI: 10.1016/j.jfi.2020.100871.
• Choi, Dong Beom & Eisenbach, Thomas M. & Yorulmazer, Tanju, 2021, "Watering a lemon tree: Heterogeneous risk taking and monetary policy transmission," Journal of Financial Intermediation, Elsevier, volume 47, issue C, DOI: 10.1016/j.jfi.2020.100873.
• Anbil, Sriya & Vossmeyer, Angela, 2021, "Liquidity from two lending facilities," Journal of Financial Intermediation, Elsevier, volume 48, issue C, DOI: 10.1016/j.jfi.2020.100884.
• Levieuge, Grégory & Lucotte, Yannick & Pradines-Jobet, Florian, 2021, "The cost of banking crises: Does the policy framework matter?," Journal of International Money and Finance, Elsevier, volume 110, issue C, DOI: 10.1016/j.jimonfin.2020.102290.
• Luna Santos, Francisco, 2021, "Comparing the impact of discretionary and pre-announced central bank interventions," Journal of International Money and Finance, Elsevier, volume 110, issue C, DOI: 10.1016/j.jimonfin.2020.102307.
• Chen, Hongyi & Tillmann, Peter, 2021, "Monetary policy uncertainty in China," Journal of International Money and Finance, Elsevier, volume 110, issue C, DOI: 10.1016/j.jimonfin.2020.102309.
• Corvino, Raffaele & Ruggiero, Francesco, 2021, "The relative pricing of sovereign credit risk after the Eurozone crisis," Journal of International Money and Finance, Elsevier, volume 112, issue C, DOI: 10.1016/j.jimonfin.2020.102337.
• Zhang, Ren & Martínez-García, Enrique & Wynne, Mark A. & Grossman, Valerie, 2021, "Ties that bind: Estimating the natural rate of interest for small open economies," Journal of International Money and Finance, Elsevier, volume 113, issue C, DOI: 10.1016/j.jimonfin.2020.102315.
• Dahlhaus, Tatjana & Vasishtha, Garima, 2021, "Reprint: Monetary policy news in the US: Effects on emerging market capital flows," Journal of International Money and Finance, Elsevier, volume 114, issue C, DOI: 10.1016/j.jimonfin.2021.102403.
• Kang, Qiaoling & Wu, Ji & Chen, Minghua & Jeon, Bang Nam, 2021, "Do macroprudential policies affect the bank financing of firms in China? Evidence from a quantile regression approach," Journal of International Money and Finance, Elsevier, volume 115, issue C, DOI: 10.1016/j.jimonfin.2021.102391.
• Hwang, In Do & Lustenberger, Thomas & Rossi, Enzo, 2021, "Does communication influence executives’ opinion of central bank policy?☆," Journal of International Money and Finance, Elsevier, volume 115, issue C, DOI: 10.1016/j.jimonfin.2021.102393.
• Hudepohl, Tom & van Lamoen, Ryan & de Vette, Nander, 2021, "Quantitative easing and exuberance in stock markets: Evidence from the euro area," Journal of International Money and Finance, Elsevier, volume 118, issue C, DOI: 10.1016/j.jimonfin.2021.102471.
• Adler, Gustavo & Mano, Rui C., 2021, "The Cost of Foreign Exchange Intervention: Concepts and Measurement," Journal of Macroeconomics, Elsevier, volume 67, issue C, DOI: 10.1016/j.jmacro.2018.07.001.
• Couture, Cody, 2021, "Financial market effects of FOMC projections," Journal of Macroeconomics, Elsevier, volume 67, issue C, DOI: 10.1016/j.jmacro.2020.103279.
• Breitenlechner, Max & Gründler, Daniel & Scharler, Johann, 2021, "Unconventional monetary policy announcements and information shocks in the U.S," Journal of Macroeconomics, Elsevier, volume 67, issue C, DOI: 10.1016/j.jmacro.2020.103283.
• Gross, Jonas & Zahner, Johannes, 2021, "What is on the ECB’s mind? Monetary policy before and after the global financial crisis," Journal of Macroeconomics, Elsevier, volume 68, issue C, DOI: 10.1016/j.jmacro.2021.103292.