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

2020

• Narayan Bulusu, 2020, "Why Do Central Banks Make Public Announcements of Open Market Operations?," Staff Working Papers, Bank of Canada, number 20-35, Sep, DOI: 10.34989/swp-2020-35.
• Christopher S. Sutherland, 2020, "Forward Guidance and Expectation Formation: A Narrative Approach," Staff Working Papers, Bank of Canada, number 20-40, Sep, DOI: 10.34989/swp-2020-40.
• Serdar Kabaca & Renske Maas & Kostas Mavromatis & Romanos Priftis, 2020, "Optimal Quantitative Easing in a Monetary Union," Staff Working Papers, Bank of Canada, number 20-49, Nov, DOI: 10.34989/swp-2020-49.
• Janet Hua Jiang, 2020, "CBDC adoption and usage: some insights from field and laboratory experiments," Staff Analytical Notes, Bank of Canada, number 2020-12, Jun, DOI: 10.34989/san-2020-12.
• Dmitry Matveev & Julien McDonald-Guimond & Rodrigo Sekkel, 2020, "The neutral rate in Canada: 2020 update," Staff Analytical Notes, Bank of Canada, number 2020-24, Oct, DOI: 10.34989/san-2020-24.
• Dmitry Matveev & Julien McDonald-Guimond & Rodrigo Sekkel, 2020, "Le taux neutre au Canada : mise à jour de 2020," Staff Analytical Notes, Bank of Canada, number 2020-24fr, Oct, DOI: 10.34989/san-2020-24.
• Antonio Diez de los Rios & Yu Zhu, 2020, "CBDC and Monetary Sovereignty," Staff Analytical Notes, Bank of Canada, number 2020-5, Feb, DOI: 10.34989/san-2020-5.
• Leonardo N. Ferreira, 2020, "Forward Guidance Matters: disentangling monetary policy shocks," Working Papers Series, Central Bank of Brazil, Research Department, number 530, Aug.
• João Barata R. Blanco Barroso & Rodrigo Barbone Gonzalez & José-Luis Peydró & Bernardus F. Nazar Van Doornik, 2020, "Countercyclical Liquidity Policy and Credit Cycles: evidence from macroprudential and monetary policy in Brazil," Working Papers Series, Central Bank of Brazil, Research Department, number 537, Oct.
• Emiliano Libman, 2020, "Sailing in Rough Waters. Raúl Prebisch and the Economic Policy during the Great Depression," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, volume 1, issue 75, pages 30-49, November.
• Esteban Pérez Caldentey & Matías Vernengo, 2020, "The Return of the Interventionist Central Bank: The Pendulum of Monetary Regimes in Latin America," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, volume 1, issue 75, pages 5-29, November.
• Pablo Orazi & Mario Torriani & Matias Vicens, 2020, "Strategic Asset Allocation of a Reserves' Portfolio: Hedging against Shocks," BCRA Working Paper Series, Central Bank of Argentina, Economic Research Department, number 202088, Jul.
• Irma Alonso, 2020, "El impacto de las medidas no convencionales de política monetaria sobre las percepciones de eventos extremos en situaciones de crisis," Boletín Económico, Banco de España, issue 4/2020.
• Irma Alonso, 2020, "The impact of unconventional monetary policies on perceptions of extreme events at times of crisis," Economic Bulletin, Banco de España, issue 4/2020.
• Juan Ayuso Huertas & Carlos Antonio Conesa Lareo, 2020, "Una introducción al debate actual sobre la moneda digital de banco central (CBDC)," Occasional Papers, Banco de España, number 2005, Mar.
• Juan Ayuso Huertas & Carlos Antonio Conesa Lareo, 2020, "An introduction to the current debate on central bank digital currency (CBDC)," Occasional Papers, Banco de España, number 2005, Mar.
• Pablo Hernández de Cos, 2020, "Los principales retos de la economía española tras el Covid-19. Comparecencia en la Comisión para la Reconstrucción Social y Económica de España tras el Covid-19. Congreso de los Diputados, el 23 de junio de 2020," Occasional Papers, Banco de España, number 2024, Sep.
• Pablo Hernández de Cos, 2020, "The main post-pandemic challenges for the Spanish economy. Appearance before the Parliamentary Committee for the Economic and Social Reconstruction of Spain after COVID-19. Congress of Deputies – 23 June 2020," Occasional Papers, Banco de España, number 2024, Sep.
• Enrique Esteban García-Escudero & Elisa J. Sánchez Pérez, 2020, "Los swaps de divisas entre bancos centrales," Occasional Papers, Banco de España, number 2025, Sep.
• Enrique Esteban García-Escudero & Elisa J. Sánchez Pérez, 2020, "Central bank currency swap lines," Occasional Papers, Banco de España, number 2025, Sep.
• Pablo Aguilar & Óscar Arce & Samuel Hurtado & Jaime Martínez-Martín & Galo Nuño & Carlos Thomas, 2020, "La respuesta de la política monetaria del Banco Central Europeo frente a la crisis del Covid-19," Occasional Papers, Banco de España, number 2026, Oct.
• Pablo Aguilar & Óscar Arce & Samuel Hurtado & Jaime Martínez-Martín & Galo Nuño & Carlos Thomas, 2020, "The ECB monetary policy response to the Covid-19 crisis," Occasional Papers, Banco de España, number 2026, Oct.
• Jorge E. Galán, 2020, "The benefits are at the tail: uncovering the impact of macroprudential policy on growth-at-risk," Working Papers, Banco de España, number 2007, Mar.
• Nélida Díaz Sobrino & Corinna Ghirelli & Samuel Hurtado & Javier J. Pérez & Alberto Urtasun, 2020, "The narrative about the economy as a shadow forecast: an analysis using Banco de España quarterly reports," Working Papers, Banco de España, number 2042, Dec.
• Margherita Bottero & Enrico Sette, 2020, "Expansionary yet different: credit supply and real effects of negative interest rate policy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1269, Mar.
• Luca Metelli & Filippo Natoli & Luca Rossi, 2020, "Monetary policy gradualism and the nonlinear effects of monetary shocks," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1275, Apr.
• Fabio Busetti & Stefano Neri & Alessandro Notarpietro & Massimiliano Pisani, 2020, "Monetary policy strategies in the New Normal: a model-based analysis for the euro area," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1308, Dec.
• Marco Bernardini & Annalisa De Nicola, 2020, "The market stabilization role of central bank asset purchases: high-frequency evidence from the COVID-19 crisis," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1310, Dec.
• Anna Bartocci & Alessandro Notarpietro & Massimiliano Pisani, 2020, "The COVID-19 shock and a fiscal-monetary policy mix in a monetary union," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1313, Dec.
• André Marine Charlotte & Dai Meixing, 2020, "The limits to robust monetary policy in a small open economy with learning agents," Working Papers, Banco de México, number 2020-12, Sep.
• Gerardo Hernández-Correa (ed.), 2020, "Marco legal del Banco de la República - Banco central de Colombia," Books, Banco de la Republica de Colombia, number 2020-isbn:9789586644242, ISBN: ARRAY(0xa52b9f60), September, DOI: 10.32468/Ebook.664-424-2.
• Valeria Bejarano-Salcedo & Juan Manuel Julio-Román & Edgar Caicedo-García & Julián Alonso Cárdenas-Cárdenas, 2020, "Entendiendo, Modelando y Pronosticando el Efecto de “El Niño” Sobre los Precios de los Alimentos: El Caso Colombiano," Borradores de Economia, Banco de la Republica de Colombia, number 1102, Feb, DOI: https://doi.org/10.32468/be.1102.
• Andres Gonzalez & Alexander Guarin & Diego A. Rodriguez-Guzman & Hernando Vargas-Herrera, 2020, "4GM: A New Model for the Monetary Policy Analysis in Colombia," Borradores de Economia, Banco de la Republica de Colombia, number 1106, Feb, DOI: https://doi.org/10.32468/be.1106.
• Daniela V. Guío-Martínez & Juan J. Ospina-Tejeiro & Germán A. Muñoz-Bravo & Julián A. Parra-Polanía, 2020, "Descripción de las Minutas e Informes de Política Monetaria a partir de herramientas de Lingüística Computacional," Borradores de Economia, Banco de la Republica de Colombia, number 1108, Mar, DOI: https://doi.org/10.32468/be.1108.
• Jose Vicente Romero & Hernando Vargas-Herrera & Pamela Cardozo & Andrés Murcia, 2020, "Effects of foreign participation in the colombian local public debt market on domestic financial conditions," Borradores de Economia, Banco de la Republica de Colombia, number 1115, May, DOI: https://doi.org/10.32468/be.1115.
• Eliana R. González-Molano & Ramón Hernández-Ortega & Edgar Caicedo-García & Nicolás Martínez-Cortés & Jose Vicente Romero & Anderson Grajales-Olarte, 2020, "Nueva Clasificación del BANREP de la Canasta del IPC y revisión de las medidas de Inflación Básica en Colombia," Borradores de Economia, Banco de la Republica de Colombia, number 1122, Jul, DOI: https://doi.org/10.32468/be.1122.
• Javier G. Gómez-Pineda, 2020, "The depth, length and shape of the covid-19 recession conveyed in 2020 growth forecasts," Borradores de Economia, Banco de la Republica de Colombia, number 1123, Aug, DOI: https://doi.org/10.32468/be.1123.
• Lucía Arango-Lozano & Lukas Menkhoff & Daniela Rodríguez-Novoa & Mauricio Villamizar-Villegas, 2020, "The Effectiveness of FX Interventions: A Meta-Analysis," Borradores de Economia, Banco de la Republica de Colombia, number 1132, Sep, DOI: https://doi.org/10.32468/be.1132.
• Luis Fernando Melo-Velandia & Juan J. Ospina-Tejeiro & Julian A. Parra-Polania, 2020, "Effects of Banco de la Republica’s Communication on the Yield Curve," Borradores de Economia, Banco de la Republica de Colombia, number 1137, Oct, DOI: https://doi.org/10.32468/be.1137.
• Valeria Bejarano-Salcedo & William Iván Moreno-Jimenez & Juan Manuel Julio-Román, 2020, "La Magnitud y Duración del Efecto de la Intervención por Subastas sobre el Mercado Cambiario: El caso Colombiano," Borradores de Economia, Banco de la Republica de Colombia, number 1142, Nov, DOI: https://doi.org/10.32468/be.1142.
• Carlos A. Arango-Arango & Yanneth Rocío Betancourt-García, 2020, "Costos del comercio en el procesamiento de los pagos en Colombia," Borradores de Economia, Banco de la Republica de Colombia, number 1143, Nov, DOI: https://doi.org/10.32468/be.1143.
• Carlos A. Arango-Arango & Fernando Arias-Rodríguez & Norberto Rodríguez-Niño & Nicolás F. Suárez-Ariza & Héctor M. Zárate-Solano, 2020, "Efectivo y Pagos Electrónicos," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 93, pages 1-76, February.
• Hernán Rincón-Castro & Lucía Arango-Lozano & Sara Ariza-Murillo & Valeria Bejarano-Salcedo & Pamela Cardozo & Fredy Gamboa-Estrada & Juan Manuel Julio-Román & Laura León-Díaz & Camilo Miranda-Triana &, 2020, "Impacto de la intervención cambiaria y su duración," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 98, pages 1-120, November.
• Jesus Fernandez-Villaverde & Daniel R. Sanches & Linda Schilling & Harald Uhlig, 2020, "Central Bank Digital Currency: Central Banking For All?," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-04.
• Brian Fabo & Martina Jancokova & Elisabeth Kempf & Lubos Pastor, 2020, "Fifty Shades of QE: Conflicts of Interest in Economic Research," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-128.
• Linda Schilling & Jesús Fernández-Villaverde & Harald Uhlig, 2020, "Central Bank Digital Currency: When Price and Bank Stability Collide," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-180.
• Andreas Neuhierl & Michael Weber, 2020, "Monetary Momentum," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-39.
• Anastasia Melachrinos & Christian Pfister, 2020, "Stablecoins: A Brave New World?," Working papers, Banque de France, number 757.
• Stéphane Dupraz & Sophie Guilloux-Nefussi & Adrian Penalver, 2020, "A Pitfall of Cautiousness in Monetary Policy," Working papers, Banque de France, number 758.
• Christian Pfister & Jean-Guillaume Sahuc, 2020, "Unconventional Monetary Policies: A Stock-Taking Exercise," Working papers, Banque de France, number 761.
• Klodiana Istrefi & Anamaria Piloiu, 2020, "Public Opinion on Central Banks when Economic Policy is Uncertain," Working papers, Banque de France, number 765.
• Rafael Cezar & Timothée Gigout & Fabien Tripier, 2020, "Cross-border Investments and Uncertainty: Firm-level Evidence," Working papers, Banque de France, number 766.
• Christian Pfister, 2020, "The 100% Reserve Reform: Calamity or Opportunity?," Working papers, Banque de France, number 786.
• Antoine Oustry & Erkan Bunyamin & Romain Svartzman & Pierre-François Weber, 2020, "Climate-related Risks and Central Banks Collateral Policy: a Methodological Experiment," Working papers, Banque de France, number 790.
• Patrick Bolton Patrick & Després Morgan & Pereira da Silva Luiz Awazu & Samama Frédéric & Svartzman Romain, 2020, "“Green Swans”: central banks in the age of climate-related risks
  [Le « Cygne Vert » : les banques centrales à l’ère des risques climatiques]," Bulletin de la Banque de France, Banque de France, issue 229.
• Pfister Christian, 2020, "Digital currencies: from myth to innovative projects
  [Monnaies digitales : du mythe aux projets innovants]," Bulletin de la Banque de France, Banque de France, issue 230.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Bernardus F. Nazar Van Doornik & João Barata R. Blanco Barroso & Rodrigo Barbone Gonzales & José-Luis Peydró, 2020, "Countercyclical liquidity policy and credit cycles: Evidence from macroprudential and monetary policy in Brazil," Working Papers, Barcelona School of Economics, number 1156, Feb.
• José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Paul E. Soto & Rajkamal Iyer & Puriya Abbassi & José-Luis Peydró, 2020, "Stressed Banks? Evidence from the Largest-Ever Supervisory Review," Working Papers, Barcelona School of Economics, number 1178, May.
• Andreas Tryphonides & Chara Papioti & Grégory Claeys, 2020, "Liquidity Risk, Market Power and the Informational Effects of Policy," Working Papers, Barcelona School of Economics, number 1206, Oct.
• Andrejs Zlobins, 2020, "Country-level effects of the ECB’s expanded asset purchase programme," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, volume 20, issue 2, pages 187-217.
• José Vicente Romero & Hernando Vargas & Pamela Cardozo & Andrés Murcia, 2020, "How foreign participation in the Colombian local public debt market has influenced domestic financial conditions," BIS Papers chapters, Bank for International Settlements, in: Bank for International Settlements, "Financial market development, monetary policy and financial stability in emerging market economies".
• Bruno Tissot & Barend de Beer, 2020, "Implications of Covid-19 for official statistics: a central banking perspective," IFC Working Papers, Bank for International Settlements, number 20, Nov.
• Agustín Carstens, 2020, "Shaping the future of payments," BIS Quarterly Review, Bank for International Settlements, March.
• Raphael Auer & Rainer Boehme, 2020, "The technology of retail central bank digital currency," BIS Quarterly Review, Bank for International Settlements, March.
• Adam Cap & Mathias Drehmann & Andreas Schrimpf, 2020, "Changes in monetary policy operating procedures over the last decade: insights from a new database," BIS Quarterly Review, Bank for International Settlements, December.
• Viviana Alfonso C & Alexandre Tombini & Fabrizio Zampolli, 2020, "Retail payments in Latin America and the Caribbean: present and future," BIS Quarterly Review, Bank for International Settlements, December.
• Ingo Fender & Mike McMorrow & Vahe Sahakyan & Omar Zulaica, 2020, "Reserve management and sustainability: the case for green bonds?," BIS Working Papers, Bank for International Settlements, number 849, Mar.
• Robert N McCauley & Catherine R Schenk, 2020, "Central bank swaps then and now: swaps and dollar liquidity in the 1960s," BIS Working Papers, Bank for International Settlements, number 851, Apr.
• Flora Budianto & Taisuke Nakata & Sebastian Schmidt, 2020, "Average inflation targeting and the interest rate lower bound," BIS Working Papers, Bank for International Settlements, number 852, Apr.
• Richhild Moessner & Előd Takáts, 2020, "How well-anchored are long-term inflation expectations?," BIS Working Papers, Bank for International Settlements, number 869, Jun.
• Gabriele Galati & Jan Kakes & Richhild Moessner, 2020, "Effects of credit restrictions in the Netherlands and lessons for macroprudential policy," BIS Working Papers, Bank for International Settlements, number 872, Jul.
• Gabriele Galati & Richhild Moessner, 2020, "Effects of Fed policy rate forecasts on real yields and inflation expectations at the zero lower bound," BIS Working Papers, Bank for International Settlements, number 873, Jul.
• Raphael Auer & Giulio Cornelli & Jon Frost, 2020, "Rise of the central bank digital currencies: drivers, approaches and technologies," BIS Working Papers, Bank for International Settlements, number 880, Aug.
• Pierre-Richard Agénor & Timothy Jackson & Luiz Awazu Pereira da Silva, 2020, "Foreign exchange intervention and financial stability," BIS Working Papers, Bank for International Settlements, number 889, Sep.
• James Yetman, 2020, "Pass-through from short-horizon to long-horizon inflation expectations, and the anchoring of inflation expectations," BIS Working Papers, Bank for International Settlements, number 895, Oct.
• Jon Frost & Hyun Song Shin & Peter Wierts, 2020, "An early stablecoin? The Bank of Amsterdam and the governance of money," BIS Working Papers, Bank for International Settlements, number 902, Nov.
• Douglas Arner & Raphael Auer & Jon Frost, 2020, "Stablecoins: potential, risks and regulation," BIS Working Papers, Bank for International Settlements, number 905, Nov.
• Omar Zulaica, 2020, "What share for gold? On the interaction of gold and foreign exchange reserve returns," BIS Working Papers, Bank for International Settlements, number 906, Nov.
• Daniel Levy & Tamir Mayer & Alon Raviv, 2020, "Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers," Working Papers, Bar-Ilan University, Department of Economics, number 2020-01, Jan.
• Ivan Khotulev & Konstantin Styrin, 2020, "Optimal Monetary and Macroprudential Policies for Financial Stability in a Commodity-Exporting Economy," Russian Journal of Money and Finance, Bank of Russia, volume 79, issue 2, pages 3-42, June, DOI: 10.31477/rjmf.202002.03.
• Konstantin Styrin & Yulia Ushakova, 2020, "IBRN Initiative on Interactions of Monetary and Prudential Policies," Russian Journal of Money and Finance, Bank of Russia, volume 79, issue 3, pages 58-74, September, DOI: 10.31477/rjmf.202003.58.
• Mikhail Mamonov & Vera Pankova & Renat Akhmetov & Anna Pestova, 2020, "Financial Shocks and Credit Cycles," Russian Journal of Money and Finance, Bank of Russia, volume 79, issue 4, pages 45-74, December, DOI: 10.31477/rjmf.202004.45.
• Vladislav Abramov, 2020, "Spillover Effects of Russian Monetary Policy Shocks on the Eurasian Economic Union," Bank of Russia Working Paper Series, Bank of Russia, number wps60, Jul.
• Anna Burova & Henry Penikas & Svetlana Popova, 2020, "Probability of Default (PD) Model to Estimate Ex Ante Credit Risk," Bank of Russia Working Paper Series, Bank of Russia, number wps66, Dec.
• Fernando Borraz & Miguel Mello, 2020, "Communication, Information and Inflation Expectations," Documentos de trabajo, Banco Central del Uruguay, number 2020005.
• Conrado Brum Civelli & Alfredo García-Hiernaux, 2020, "An indicator of monetary bias for emerging and dollarized economies The case of Uruguay," Documentos de trabajo, Banco Central del Uruguay, number 2020007.
• Karlyn Mitchell & Douglas K. Pearce, 2020, "How Did Unconventional Monetary Policy Affect Economic Forecasts?," Contemporary Economic Policy, Western Economic Association International, volume 38, issue 1, pages 206-220, January, DOI: 10.1111/coep.12440.
• Fredy Gamboa‐Estrada, 2020, "The Determinants Of Private Capital Flows In Emerging Economies: The Role Of The Fed'S Unconventional Monetary Policy," Contemporary Economic Policy, Western Economic Association International, volume 38, issue 4, pages 694-710, October, DOI: 10.1111/coep.12474.
• Enchuan Shao & Kwabena Bediako, 2020, "The Impact Of Return On Collateral In A Channel System," Economic Inquiry, Western Economic Association International, volume 58, issue 3, pages 1314-1341, July, DOI: 10.1111/ecin.12863.
• Anastasios Evgenidis & Anastasios G. Malliaris, 2020, "To Lean Or Not To Lean Against An Asset Price Bubble? Empirical Evidence," Economic Inquiry, Western Economic Association International, volume 58, issue 4, pages 1958-1976, October, DOI: 10.1111/ecin.12915.
• António Afonso & Joana Sousa‐Leite, 2020, "The transmission of unconventional monetary policy to bank credit supply: Evidence from the TLTRO," Manchester School, University of Manchester, volume 88, issue S1, pages 151-171, September, DOI: 10.1111/manc.12335.
• Hilde C. Bj⊘rnland & Leif Anders Thorsrud & Sepideh Khayati Zahiri, 2020, "Do Central Banks Respond Timely to Developments in the Global Economy?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, volume 82, issue 2, pages 285-310, April, DOI: 10.1111/obes.12335.
• Mauricio Mora Barrenechea & Juan Carlos Heredia Gómez & Paul Estrada Céspedes, 2020, "Crisis política y sanitaria: Respuesta de la política monetaria en tiempos de incertidumbre," Revista de Análisis del BCB, Banco Central de Bolivia, volume 33, issue 1, pages 9-38, July - De.
• Knut Are Aastveit & Ragnar Enger Juelsrud & Ella Getz Wold, 2020, "Mortgage regulation and financial vulnerability at the household level," Working Paper, Norges Bank, number 2020/6, Jun.
• Jin Cao & Valeriya Dinger & Anna Grodecka-Messi & Ragnar Juelsrud & Xin Zhang, 2020, "The interaction between macroprudential and monetary policies: The cases of Norway and Sweden," Working Paper, Norges Bank, number 2020/8, Jul.
• Andrew Haldane & Alistair Macaulay & Michael McMahon, 2020, "The 3 E’s of central bank communication with the public," Bank of England Staff Working Paper series, Bank of England, number 847, Jan.
• Rafael B De Rezende & Annukka Ristiniemi, 2020, "A shadow rate without a lower bound constraint," Bank of England Staff Working Paper series, Bank of England, number 864, May.
• David Tuckett & Douglas Holmes & Alice Pearson & Graeme Chaplin, 2020, "Monetary policy and the management of uncertainty: a narrative approach," Bank of England Staff Working Paper series, Bank of England, number 870, Jun.
• Fernando Eguren-Martin, 2020, "Dollar shortages and central bank swap lines," Bank of England Staff Working Paper series, Bank of England, number 879, Jul.
• Philip Bunn & Andrew Haldane & Alice Pugh, 2020, "Has monetary policy made you happier?," Bank of England Staff Working Paper series, Bank of England, number 880, Jul.
• Lien Laureys & Roland Meeks & Boromeus Wanengkirtyo, 2020, "Optimal simple objectives for monetary policy when banks matter," Bank of England Staff Working Paper series, Bank of England, number 890, Nov.
• Sam Miller & Boromeus Wanengkirtyo, 2020, "Liquidity and monetary transmission: a quasi-experimental approach," Bank of England Staff Working Paper series, Bank of England, number 891, Nov.
• Nicolò Fraccaroli & Rhiannon Sowerbutts & Andrew Whitworth, 2020, "Does regulatory and supervisory independence affect financial stability?," Bank of England Staff Working Paper series, Bank of England, number 893, Nov.
• Alastair Firrell & Kate Reinold, 2020, "Uncertainty and voting on the Bank of England’s Monetary Policy Committee," Bank of England Staff Working Paper series, Bank of England, number 898, Dec.
• Andrew Bailey & Jonathan Bridges & Richard Harrison & Josh Jones & Aakash Mankodi, 2020, "The central bank balance sheet as a policy tool: past, present and future," Bank of England Staff Working Paper series, Bank of England, number 899, Dec.
• Yorgos Korfiatis, 2020, "D-euro: issuing the digital trust," Economic Bulletin, Bank of Greece, issue 51, pages 1-35, July.
• Ari Kutai, 2020, "Measuring the Effect of Forward Guidance in Small Open Economies: The Case of Israel," Bank of Israel Working Papers, Bank of Israel, number 2020.03, Mar.
• Hong-Bum Kim, 2020, "The Bank of Korea Act Enacted as an Apparatus for Modern Central Banking: A Review and Evaluation (in Korean)," Economic Analysis (Quarterly), Economic Research Institute, Bank of Korea, volume 26, issue 3, pages 71-133, June.
• Ohik Kwon & Seungduck Lee & Jaevin Park, 2020, "Central Bank Digital Currency, Tax Evasion, Inflation Tax, and Central Bank Independence," Working Papers, Economic Research Institute, Bank of Korea, number 2020-26, Dec.
• Kwangyong Park, 2020, "The Excess Sensitivity of Long-term Interest rates and Central Bank Credibility," Working Papers, Economic Research Institute, Bank of Korea, number 2020-29, Dec.
• Gregor Boehl & Gavin Goy & Felix Strobel, 2020, "A Structural Investigation of Quantitative Easing," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2020_193, Jul.
• Kanngiesser Derrick & Martin Reiner & Maurin Laurent & Moccero Diego, 2020, "The macroeconomic impact of shocks to bank capital buffers in the Euro Area," The B.E. Journal of Macroeconomics, De Gruyter, volume 20, issue 1, pages 1-17, January, DOI: 10.1515/bejm-2018-0009.
• Salas Sergio & Nuñez Javier, 2020, "Signaling in monetary policy near the zero lower bound," The B.E. Journal of Macroeconomics, De Gruyter, volume 20, issue 1, pages 1-19, January, DOI: 10.1515/bejm-2016-0114.
• Francois John Nana, 2020, "Foreign official holdings of US treasuries, stock effect and the economy: a DSGE approach," The B.E. Journal of Macroeconomics, De Gruyter, volume 20, issue 1, pages 1-28, January, DOI: 10.1515/bejm-2016-0170.
• Scott C. Patrick, 2020, "How Much Better Is Commitment Policy Than Discretionary Policy? Evidence From Six Developed Economies," The B.E. Journal of Macroeconomics, De Gruyter, volume 20, issue 2, pages 1-28, June, DOI: 10.1515/bejm-2019-0170.
• Scott C. Patrick, 2020, "How Much Better Is Commitment Policy Than Discretionary Policy? Evidence From Six Developed Economies," The B.E. Journal of Macroeconomics, De Gruyter, volume 20, issue 2, pages 1-28, June, DOI: 10.1515/bejm-2019-0170.
• Fendel Ralf & Neugebauer Frederik, 2020, "Country-specific euro area government bond yield reactions to ECB’s non-standard monetary policy program announcements," German Economic Review, De Gruyter, volume 21, issue 4, pages 417-474, December, DOI: 10.1515/ger-2018-0094.
• Köhler Ekkehard A., 2020, "Die Geldordnungstheorie der Freiburger Schule," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, volume 70, issue 1, pages 21-49, April, DOI: 10.1515/ordo-2020-0005.
• Mause Karsten & Panreck Sebastian, 2020, "Die Geldpolitik der EZB: Spielt die Nationalität der Notenbanker (k)eine Rolle?," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, volume 71, issue 1, pages 149-179, April, DOI: 10.1515/ordo-2021-0005.
• Schnabl Gunther & Sonnenberg Nils, 2020, "Monetary Policy, Financial Regulation and Financial Stability: A Comparison between the Fed and the ECB in the Wake of the Global Financial Crisis," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, volume 71, issue 1, pages 180-210, April, DOI: 10.1515/ordo-2021-0002.
• Neyer Ulrike, 2020, "Die geldpolitischen Maßnahmen des Eurosystems in der Corona-Krise," Perspektiven der Wirtschaftspolitik, De Gruyter, volume 21, issue 3, pages 273-279, September, DOI: 10.1515/pwp-2020-0022.
• Faulwasser Timm & Gross Marco & Semmler Willi & Loungani Prakash, 2020, "Unconventional monetary policy in a nonlinear quadratic model," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, volume 24, issue 5, pages 1-19, December, DOI: 10.1515/snde-2019-0099.
• Patricia Amalia MERCEA (HANDRO), 2020, "ANALYSIS OF THE MONETARY POLICY TRANSMISSION INTO CEEs COUNTRIES. A VAR APPROACH," Contemporary Economy Journal, Constantin Brancoveanu University, volume 5, issue 3, pages 90-102.
• Monica-Ionelia MARGARIT, 2020, "The Monetary Policy Instruments Of National Bank Of Romania And Their Evolution In Time," Contemporary Economy Journal, Constantin Brancoveanu University, volume 5, issue 4, pages 32-38.
• Kugler, Peter, 2020, "The Short-Run Impact of Interest Rates on Exchange Rates: Results for the Swiss franc Against the Euro and US Dollar from Daily Data 2001-2011," Working papers, Faculty of Business and Economics - University of Basel, number 2020/01.
• Kugler, Peter, 2020, "The Short-Run Impact of SNB Sight Deposits on Exchange Rates: Results from Weekly Data 2015 - 2018," Working papers, Faculty of Business and Economics - University of Basel, number 2020/04.
• Jean-Paul Pollin, 2020, "Les politiques monétaires à l'épreuve de la libéralisation financière," Revue d'économie financière, Association d'économie financière, volume 0, issue 1, pages 219-244.
• Patrick Bolton & Morgan Després & Luiz A. Pereira da Silva & Frédéric Samama & Romain Svartzman, 2020, "Penser la stabilité financière à l'ère des risques écologiques globaux – Vers de nouveaux arbitrages entre efficience et résilience des systèmes complexes," Revue d'économie financière, Association d'économie financière, volume 0, issue 2, pages 41-54.
• Jean Boissinot & Thomas C. Heller, 2020, "Scénarios climatiques en finance," Revue d'économie financière, Association d'économie financière, volume 0, issue 2, pages 55-68.
• Stéphane Dées & Pierre-François Weber, 2020, "Les conséquences du changement climatique pour la politique monétaire," Revue d'économie financière, Association d'économie financière, volume 0, issue 2, pages 243-257.
• Christian Pfister & Jean-Guillaume Sahuc, 2020, "Unconventional monetary policies: A stock-taking exercise," Revue d'économie politique, Dalloz, volume 130, issue 2, pages 137-169.
• Klodiana Istrefi & Anamaria Piloiu, 2020, "Public Opinion on Central Banks when Economic Policy is Uncertain," Revue d'économie politique, Dalloz, volume 130, issue 2, pages 283-306.
• Tambakis, D., 2020, "A Markov-Chain Measure of Systemic Banking Crisis Frequency," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2083, Sep.
• O'Brien, Martin & Velasco, Sofia, 2020, "Unobserved components models with stochastic volatility for extracting trends and cycles in credit," Research Technical Papers, Central Bank of Ireland, number 09/RT/20, Dec.
• Imam Mukhlis & Isnawati Hidayah & Nora Ria Retnasih, 2020, "Interest Rate Volatility of the Federal Funds Rate: Response of the Bank Indonesia and its Impact on the Indonesian Economic Stability," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 1, pages 111-133.
• Nana Kwame Akosah & Paul Alagidede & Eric Schaling, 2020, "Interest Rate and Exchange Rate Volatility Spillovers: Multiscale Perspective of Monetary Policy Transmission in Ghana," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 1, pages 135-167.
• Vesna Martin, 2020, "Development of Inflation Expectations in Serbia and a Comparative Analysis," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 1, pages 61-79.
• Ali Awdeh & Zouhour Jomaa & Mohamad Kassem, 2020, "The Effect of Bank Heterogeneity on the Interest Rate Channel in Lebanon," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 1, pages 81-95.
• Samsul Anwar, 2020, "Weighting on Systemic Important Banking (SIB) in Indonesia: The Official Versus PCA Approaches," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 2, pages 155-182.
• Haryo Kuncoro, 2020, "Interest Rate Policy and Exchange Rates Volatility Lessons from Indonesia," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 2, pages 19-42.
• Milena Vučinić, 2020, "Fintech and Financial Stability Potential Influence of FinTech on Financial Stability, Risks and Benefits," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 2, pages 43-66.
• Borivoje Krušković, 2020, "Exchange Rate Targeting Versus Inflation Targeting: Empirical Analysis of the Impact on Employment and Economic Growth," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 2, pages 67-85.
• Atsushi Tanaka, 2020, "Monetary Base Controllability after an Exit from Quantitative Easing," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 3, pages 123-134.
• Lixin Sun, 2020, "On the People’s Bank of China’s Financial Strength and Policy Outcomes," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 3, pages 135-161.
• Nikola Fabris, 2020, "Financial Stability and Climate Change," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 3, pages 27-43.
• Carolin Schellhorn, 2020, "Financial System Stability, the Timing of Climate Change Action and the Federal Reserve," Journal of Central Banking Theory and Practice, Central bank of Montenegro, volume 9, issue 3, pages 45-59.
• Pizzinelli, Carlo & Theodoridis, Konstantinos & Zanetti, Francesco, 2020, "State Dependence in Labor Market Fluctuations," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2020/2, Mar.
• Wendy Wu & Jeremy Kronick, 2020, "Water in the Wine? Monetary Policy and the Impact of Non-bank Financial Intermediaries," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 563, February.
• David Powell, 2020, "Filling the Gap: Emergency Funding Programs and Asset-Based Finance in Times of Economic Crisis," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 569, March.
• Tomás Marinozzi & Mariano Fernández, 2020, "Una breve revisón sobre la literatura de las metas de inflación," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 755, Oct.
• Michael D. Bauer & Eric T. Swanson, 2020, "The Fed's Response to Economic News Explains the "Fed Information Effect"," CESifo Working Paper Series, CESifo, number 8151.
• Nikolay Hristov & Oliver Hülsewig & Johann Scharler, 2020, "Unconventional Monetary Policy Shocks in the Euro Area and the Sovereign-Bank Nexus," CESifo Working Paper Series, CESifo, number 8178.
• Francisco Ilabaca & Fabio Milani, 2020, "Heterogeneous Expectations, Indeterminacy, and Postwar US Business Cycles," CESifo Working Paper Series, CESifo, number 8224.
• Hubert Kempf, 2020, "Designing the Policy Mix in a Monetary Union," CESifo Working Paper Series, CESifo, number 8321.
• Hubert Kempf, 2020, "One Foe, So Many Fights. Making Sense of Covid-19 Policies," CESifo Working Paper Series, CESifo, number 8325.
• Refet S. Gürkaynak & A. Hakan Kara & Burcin Kisacikoglu, 2020, "Monetary Policy Surprises and Exchange Rate Behavior," CESifo Working Paper Series, CESifo, number 8557.
• Hans-Eggert Reimers & Friedrich Schneider & Franz Seitz, 2020, "Payment Innovations, the Shadow Economy and Cash Demand of Households in Euro Area Countries," CESifo Working Paper Series, CESifo, number 8574.
• Karl-Friedrich Israel & Gunther Schnabl, 2020, "Alternative Measures of Price Inflation and the Perception of Real Income in Germany," CESifo Working Paper Series, CESifo, number 8583.
• Alessandro Cantelmo & Giovanni Melina, 2020, "Sectoral Labor Mobility and Optimal Monetary Policy," CESifo Working Paper Series, CESifo, number 8638.
• Raphael A. Auer & Giulio Cornelli & Jon Frost, 2020, "Rise of the Central Bank Digital Currencies: Drivers, Approaches and Technologies," CESifo Working Paper Series, CESifo, number 8655.
• Hamza Bennani & Matthias Neuenkirch, 2020, "The Financial Accelerator in the Euro Area: New Evidence Using a Mixture VAR Model," CESifo Working Paper Series, CESifo, number 8740.
• Linda Schilling & Jesús Fernández-Villaverde & Harald Uhlig, 2020, "Central Bank Digital Currency: When Price and Bank Stability Collide," CESifo Working Paper Series, CESifo, number 8773.
• Magnus Reif, 2020, "Macroeconomics, Nonlinearities, and the Business Cycle," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 87, September.
• Sascha Möhrle & Timo Wollmershäuser, 2020, "Über die drohende Entankerung der Inflationserwartungen in der Eurozone und die Handlungsspielräume der EZB," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 73, issue 10, pages 30-32, October.
• Arne Hansen & Dirk Meyer, 2020, "Das PSPP-Staatsanleiheprogramm – Empirische Daten und Regelwerk stellen das Urteil des BVerfG teilweise infrage," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 73, issue 10, pages 37-46, October.
• Florian Dorn & Clemens Fuest & Lea Immel & Florian Neumeier, 2020, "Economic Deprivation and Radical Voting: Evidence from Germany," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 336.
• Sascha Möhrle, 2020, "New Evidence on the Anchoring of Inflation Expectations in the Euro Area," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 337.
• Flora Budianto & Taisuke Nakata & Sebastian Schmidt, 2020, "Average Inflation Targeting and the Interest Rate Lower Bound," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-486, May.
• Saleem Bahaj & Ricardo Reis, 2020, "Jumpstarting an International Currency," Discussion Papers, Centre for Macroeconomics (CFM), number 2015, May.
• Iryna Kaminska & Haroon Mumtaz & Roman Sustek, 2020, "Monetary policy surprises and their transmission through term premia and expected interest rates," Discussion Papers, Centre for Macroeconomics (CFM), number 2024, Nov.
• Markus Kirchner & Malte Rieth, 2020, "Sovereign Default Risk, Macroeconomic Fluctuations and Monetary-Fiscal Stabilization," Working Papers Central Bank of Chile, Central Bank of Chile, number 896, Dec.
• Simona Nistor & Steven Ongena, 2020, "The Impact of Policy Interventions on Systemic Risk across Banks," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-101, Dec.
• Anna Cieslak & Semyon Malamud & Andreas Schrimpf, 2020, "Policy Announcement Design," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-17, Jan.
• Rebecca Westphal & Didier Sornette, 2020, "How market intervention can prevent bubbles and crashes," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-74, Aug.
• Christoph Basten & Mike Mariathasan, 2020, "Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of Central Bank Reserves," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 20-98, Nov.
• Aymeric Ortmans & Fabien Tripier, 2020, "COVID-Induced Sovereign Risk in the Euro Area: When Did the ECB Stop the Contagion?," Working Papers, CEPII research center, number 2020-11, Oct.
• Federico José Camargo, 2020, "The effectiveness of distributed ledger technology to replicate the entropic behavior of nature," Evolutionary and Institutional Economics Review, Springer, volume 17, issue 2, pages 361-378, July, DOI: 10.1007/s40844-020-00178-x.
• René Cabral & Francisco G. Carneiro & André Varella Mollick, 2020, "Inflation targeting and exchange rate volatility in emerging markets," Empirical Economics, Springer, volume 58, issue 2, pages 605-626, February, DOI: 10.1007/s00181-018-1478-8.
• Idil Uz Akdogan, 2020, "The effects of macroprudential policies on managing capital flows," Empirical Economics, Springer, volume 58, issue 2, pages 583-603, February, DOI: 10.1007/s00181-018-1541-5.
• Smita Roy Trivedi, 2020, "The Moses effect: can central banks really guide foreign exchange markets?," Empirical Economics, Springer, volume 58, issue 6, pages 2837-2865, June, DOI: 10.1007/s00181-019-01671-y.
• Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance, 2020, "The role of ECB monetary policy and financial stress on Eurozone sovereign yields," Empirical Economics, Springer, volume 59, issue 3, pages 1189-1211, September, DOI: 10.1007/s00181-019-01717-1.
• Dong-Yop Oh & Hyejin Lee & Karl David Boulware, 2020, "A comment on interest rate pass-through: a non-normal approach," Empirical Economics, Springer, volume 59, issue 4, pages 2017-2035, October, DOI: 10.1007/s00181-019-01696-3.
• Olli-Matti Juhani Laine, 2020, "The effect of the ECB’s conventional monetary policy on the real economy: FAVAR-approach," Empirical Economics, Springer, volume 59, issue 6, pages 2899-2924, December, DOI: 10.1007/s00181-019-01739-9.
• Christoph S. Weber, 2020, "The unemployment effect of central bank transparency," Empirical Economics, Springer, volume 59, issue 6, pages 2947-2975, December, DOI: 10.1007/s00181-019-01741-1.
• Deng-Kui Si & Xiao-Lin Li & Xinyu Ge, 2020, "On the link between the exchange rates and interest rate differentials in China: evidence from an asymmetric wavelet analysis," Empirical Economics, Springer, volume 59, issue 6, pages 2925-2946, December, DOI: 10.1007/s00181-019-01803-4.
• Janak Raj & Joice John, 2020, "Steering interest rates amidst large structural surplus liquidity: a tale of three central banks," Indian Economic Review, Springer, volume 55, issue 1, pages 93-116, June, DOI: 10.1007/s41775-020-00084-4.
• Ayushi Bajaj & Gaurav Datt, 2020, "Financing of fiscal response to COVID-19: a pragmatic alternative," Indian Economic Review, Springer, volume 55, issue 1, pages 149-160, November, DOI: 10.1007/s41775-020-00090-6.
• Massimo Minesso Ferrari, 2020, "The Real Effects of Endogenous Defaults on the Interbank Market," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), volume 6, issue 3, pages 411-439, November, DOI: 10.1007/s40797-019-00104-0.
• Francesco Spadafora, 2020, "Completing the Economic and Monetary Union: Wisdom Come Late?," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), volume 6, issue 3, pages 379-409, November, DOI: 10.1007/s40797-019-00105-z.
• Juan Camilo Anzoátegui-Zapata & Juan Camilo Galvis-Ciro, 2020, "Disagreements in Consumer Inflation Expectations: Empirical Evidence for a Latin American Economy," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), volume 16, issue 2, pages 99-122, November, DOI: 10.1007/s41549-020-00047-x.
• Monika Bucher & Achim Hauck & Ulrike Neyer, 2020, "Interbank market friction-induced holdings of precautionary liquidity: implications for bank loan supply and monetary policy implementation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 70, issue 1, pages 165-222, July, DOI: 10.1007/s00199-019-01207-6.
• Giovanni Covi & Ulrich Eydam, 2020, "End of the sovereign-bank doom loop in the European Union? The Bank Recovery and Resolution Directive," Journal of Evolutionary Economics, Springer, volume 30, issue 1, pages 5-30, January, DOI: 10.1007/s00191-018-0576-2.
• Giovanni Covi & Ulrich Eydam, 2020, "Correction to: End of the sovereign-bank doom loop in the European Union? The Bank Recovery and Resolution Directive," Journal of Evolutionary Economics, Springer, volume 30, issue 1, pages 31-38, January, DOI: 10.1007/s00191-018-0577-1.
• Chiara Perillo & Stefano Battiston, 2020, "Financialization and unconventional monetary policy: a financial-network analysis," Journal of Evolutionary Economics, Springer, volume 30, issue 5, pages 1385-1428, November, DOI: 10.1007/s00191-020-00698-0.