Report NEP-CBA-2009-02-28

This is the archive for NEP-CBA, a report on new working papers in the area of Central Banking. Sergey Pekarski issued this report. It is usually issued weekly.

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Other reports in NEP-CBA

The following items were announced in this report:

• Blanchard, Olivier & Symansky, Steven & Cottarelli, Carlo & Spilimbergo, Antonio, 2009, "Fiscal Policy for the Crisis," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7130, Jan.
• Reinhart, Carmen & Felton, Andrew, 2009, "The first global financial crisis of the 21st century: Part II, June-December, 2008," MPRA Paper, University Library of Munich, Germany, number 13604, Feb.
• Ostry, Jonathan D. & Jeanne, Olivier & Zettelmeyer, Jeromin, 2008, "A Theory of International Crisis Lending and IMF Conditionality," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7022, Oct.
• Andrea de Michelis, 2009, "Overcoming the Financial Crisis in the United States," OECD Economics Department Working Papers, OECD Publishing, number 669, Feb, DOI: 10.1787/226765644531.
• Rogoff, Kenneth & Reinhart, Carmen, 2009, "Banking Crises: An Equal Opportunity Menace," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7131, Jan.
• Caballero, Ricardo & Gourinchas, Pierre-Olivier & Farhi, Emmanuel, 2008, "Financial Crash, Commodity Prices and Global Imbalances," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7064, Dec.
• Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco, 2008, "What Happens During Recessions, Crunches and Busts?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7085, Dec.
• Michael Joyce & Peter Lildholdt & Steffen Sorensen, 2009, "Extracting inflation expectations and inflation risk premia from the term structure: a joint model of the UK nominal and real yield curves," Bank of England working papers, Bank of England, number 360, Feb.
• Den Haan, Wouter & Rendahl, Pontus, 2008, "Solving the Incomplete Markets Model with Aggregate Uncertainty using Explicit Aggregation," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6963, Sep.
• Franklin Allen & Elena Carletti & Douglas Gale, 2009, "Interbank Market Liquidity and Central Bank Intervention," Economics Working Papers, European University Institute, number ECO2009/09.
• Morrison, Alan & Lóránth, Gyöngyi, 2009, "Internal Reporting Systems, Compensation Contracts, and Bank Regulation," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7155, Feb.
• Wei, Shang-Jin & Chinn, Menzie David, 2008, "A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7076, Dec.
• Wickens, Michael R. & Polito, Vito, 2008, "Optimal Monetary Policy using a VAR," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6957, Sep.
• Fernández-Villaverde, Jesús, 2009, "The Econometrics of DSGE Models," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7157, Feb.
• Favero, Carlo A. & Consolo, Agostino & Paccagnini, Alessia, 2009, "On the Statistical Identification of DSGE Models," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7176, Feb.
• Item repec:pri:cepsud:1097 is not listed on IDEAS anymore

• Keiichi Morimoto, 2009, "Inflation Inertia and Optimal Delegation of Monetary Policy," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 09-05, Feb.
• Keiichi Morimoto, 2009, "Endogenous Policy Announcement and Accountability for Inflation Target," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 09-06, Feb.
• van Wincoop, Eric & Tille, Cédric, 2008, "International Capital Flows under Dispersed Information: Theory and Evidence," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6989, Oct.
• Demertzis, Maria & Viegi, Nicola & Marcellino, Massimiliano, 2008, "A Measure for Credibility: Tracking US Monetary Developments," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7036, Nov.
• Kozo Ueda, 2009, "Central Bank Communication and Multiple Equilibria," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 09-E-05, Feb.
• Julián Messina & Chiara Strozzi & Jarkko Turunen, 2008, "Real Wages over the Business Cycle: OECD Evidence from the Time and Frequency Domains," Center for Economic Research (RECent), University of Modena and Reggio E., Dept. of Economics "Marco Biagi", number 028, Dec.
• Marcellino, Massimiliano & Jordà , Ã’scar, 2008, "Path Forecast Evaluation," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7009, Oct.
• Hughes Hallett, Andrew & Acocella, Nicola & Di Bartolomeo, Giovanni, 2008, "When Can Central Banks Anchor Expectations? Policy communication and controllability," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7078, Dec.
• Andersen, Torben M, 2008, "Fiscal Sustainability and Demographics - Should We Save or Work More?," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7044, Nov.
• Sussman, Nathan & Spivak, Avia, 2008, "Inflation Targeting as the New Golden Standard," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7001, Oct.
• Francois, Joseph & Shiells, Clinton R., 2008, "Dynamic Factor Price Equalization & International Convergence," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7065, Dec.
• Heathcote, Jonathan & Perri, Fabrizio, 2008, "The International Diversification Puzzle is Not as Bad as You Think," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6982, Oct.
• Gregory de Walque & Olivier Pierrard & Henri Sneessens & Raf Wouters, 2009, "Sequential bargaining in a New Keynesian model with frictional unemployment and staggered wage negotiation," Working Paper Research, National Bank of Belgium, number 157, Feb.
• Bertrand Gruss & Silvia Sgherri, 2009, "The Volatility Costs of Procyclical Lending Standards: An Assessment Using a DSGE Model," Economics Working Papers, European University Institute, number ECO2009/07.
• Milesi-Ferretti, Gian Maria, 2008, "Fundamentals at Odds? The US Current Account Deficit and The Dollar," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7046, Nov.
• Marzo, Massimiliano & Zagaglia, Paolo, 2009, "A Further Look at the 2004 Reform of the Operational Framework of the ECB," Research Papers in Economics, Stockholm University, Department of Economics, number 2009:8, Feb.
• Svensson, Lars E.O. & Linde, Jesper & Adolfson, Malin & LASEEN, PER, 2008, "Monetary Policy Trade-Offs in an Estimated Open-Economy DSGE Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7070, Dec.
• Horii, Ryo & Ono, Yoshiyasu, 2009, "Information Cycles and Depression in a Stochastic Money-in-Utility Model," MPRA Paper, University Library of Munich, Germany, number 13485, Feb.
• Jean-Marie Dufour & Lynda Khalaf & Maral Kichian, 2009, "Assessing Indexation-Based Calvo Inflation Models," Staff Working Papers, Bank of Canada, number 09-7, DOI: 10.34989/swp-2009-7.
• Hafedh Bouakez & Emanuela Cardia & Francisco J. Ruge-Murcia, 2009, "Sectoral Price Rigidity and Aggregate Dynamics," Cahiers de recherche, CIRPEE, number 0906.
• von Hagen, Jurgen & Zhou, Jizhong, 2008, "Fear of Floating and Pegging: A Simultaneous Choice Model of De Jure and De Facto Exchange Rate Regimes," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7006, Oct.
• Spilimbergo, Antonio & Mishra, Prachi, 2009, "Exchange Rates and Wages in an Integrated World," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7167, Feb.
• Artis, Michael & Okubo, Toshihiro, 2008, "Globalization and Business Cycle Transmission," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7041, Nov.
• Wieland, Volker & Beck, Günter, 2008, "Central Bank Misperceptions and the Role of Money in Interest Rate Rules," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6947, Aug.
• Smets, Frank & Mackowiak, Bartosz, 2008, "On Implications of Micro Price Data for Macro Models," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6961, Sep.
• Papaioannou, Elias, 2008, "What Drives International Financial Flows? Politics, Institutions and Other Determinants," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7010, Oct.
• Perotti, Roberto & Monacelli, Tommas, 2008, "Fiscal Policy, Wealth Effects and Markups," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7099, Dec.
• Acharya, Viral, 2009, "A Theory of Systemic Risk and Design of Prudential Bank Regulation," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7164, Feb.
• Chernov, Mikhail & Bikbov, Ruslan, 2008, "Monetary Policy Regimes and the Term Structure of Interest Rates," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7096, Dec.
• Forni, Mario & Gambetti, Luca, 2008, "The Dynamic Effects of Monetary Policy: A Structural Factor Model Approach," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7098, Dec.
• Mario Forni & Luca Gambetti, 2008, "The dynamic e ects of monetary policy: A structural factor model approach," Center for Economic Research (RECent), University of Modena and Reggio E., Dept. of Economics "Marco Biagi", number 026, Nov.
• Viktors Ajevskis & Kristine Vitola, 2009, "A Convergence Model of the Term Structure of Interest Rates," Working Papers, Latvijas Banka, number 2009/01, Feb.
• Guimaraes, Bernardo & Sheedy, Kevin, 2008, "Sales and Monetary Policy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6940, Aug.
• Marcellino, Massimiliano & Kapetanios, George & Carriero, Andrea, 2008, "Forecasting Exchange Rates with a Large Bayesian VAR," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7008, Oct.
• Chih-nan Chen & Tsutomu Watanabe & Tomoyoshi Yabu, 2009, "A New Method for Identifying the Effects of Foreign Exchange Interventions," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 09-E-06, Feb.
• Ravn, Morten & Uribe, Martín & Schmitt-Grohé, Stephanie & Uusküla, Lenno, 2009, "Deep Habits and the Dynamic Effects of Monetary Policy Shocks," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7128, Jan.
• Jose Angelo Divino, 2009, "What Impact Does Inflation Targeting Have on Unemployment?," One Pager, International Policy Centre, number 74, Feb.
• Vladimir Kuzin & Massimiliano Marcellino & Christian Schumacher, 2009, "Pooling versus Model Selection for Nowcasting with Many Predictors: An Application to German GDP," Economics Working Papers, European University Institute, number ECO2009/13.
• Imbs, Jean & Mejean, Isabelle, 2009, "Elasticity Optimism," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7177, Feb.
• Reichlin, Lucrezia & Giannone, Domenico & Lenza, Michele, 2009, "Business Cycles in the Euro Area," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7124, Jan.
• Marcellino, Massimiliano & Proietti, Tommaso & Frale, Cecilia & Mazzi, Gian Luigi, 2008, "A Monthly Indicator of the Euro Area GDP," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7007, Oct.
• Minford, Patrick & Wickens, Michael R. & Meenagh, David, 2008, "Testing a DSGE Model of the EU Using Indirect Inference," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6838, Jun.
• Alho, Kari & Widgren, Mika & Kaitila, Ville, 2008, "Offshoring, Relocation and the Speed of Convergence in the Enlarged European Union," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7000, Oct.
• Pagano, Marco & Jappelli, Tullio, 2008, "Financial Market Integration Under EMU," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7091, Dec.
• Kejak, Michal & Gillman, Max & Benk, Szilárd, 2009, "US Volatility Cycles of Output and Inflation, 1919-2004: A Money and Banking Approach to a Puzzle," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7150, Jan.
• Corsetti, Giancarlo & Dedola, Luca & Leduc, Sylvain, 2008, "The International Dimension of Productivity and Demand Shocks in the US Economy," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7003, Oct.
• Corsetti, Giancarlo & Konstantinou, Panagiotis, 2009, "What Drives US Foreign Borrowing? Evidence on External Adjustment to Transitory and Permanent Shocks," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7134, Jan.
• Markku Lanne & Helmut Luetkepohl & Katarzyna Maciejowska, 2009, "Structural Vector Autoregressions with Markov Switching," Economics Working Papers, European University Institute, number ECO2009/06.
• Gromb, Denis & Acharya, Viral & Yorulmazer, Tanju, 2008, "Imperfect Competition in the Inter-Bank Market for Liquidity as a Rationale for Central Banking," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6984, Oct.
• Bianca De Paoli & Glenn Hoggarth & Victoria Saporta, 2009, "Output costs of sovereign crises: some empirical estimates," Bank of England working papers, Bank of England, number 362, Feb.
• Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2009, "Monetary Geography Before the Industrial Revolution," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7169, Feb.
• Agustín S. Bénétrix and Philip R. Lane, 2009, "The Impact of Fiscal Shocks on the Irish Economy," The Institute for International Integration Studies Discussion Paper Series, IIIS, number iiisdp281, Feb.
• Bernd Hayo & Matthias Neuenkirch, 2009, "Domestic or U.S. News: What Drives Canadian Financial Markets?," MAGKS Papers on Economics, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung), number 200908.
• Felipe Meza & Carlos Urrutia, 2008, "Great Appreciations: Accounting for the Real Exchange Rate in Mexico, 1988-2002," Working Papers, Centro de Investigacion Economica, ITAM, number 0807, Oct.
• Söderström, Ulf, 2008, "Re-Evaluating Swedish Membership in EMU: Evidence from an Estimated Model," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7062, Dec.
• Muellbauer, John & Aron, Janine, 2008, "Monetary Policy and Inflation Modeling in a More Open Economy in South Africa," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 6992, Oct.
• Muellbauer, John & Aron, Janine, 2009, "Some Issues in Modeling and Forecasting Inflation in South Africa," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 7183, Feb.

Report NEP-CBA-2009-02-28

This is the archive for NEP-CBA, a report on new working papers in the area of Central Banking. Sergey Pekarski issued this report. It is usually issued weekly.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-CBA

The following items were announced in this report: