Report NEP-CBA-2011-04-02

This is the archive for NEP-CBA, a report on new working papers in the area of Central Banking. Alexander Mihailov 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:

• Gianluca Benigno & Huigang Chen & Christopher Otrok & Alessandro Rebucci & Eric Young, 2011. "Financial Crises and Macro-Prudential Policies," Research Department Publications 4710, Inter-American Development Bank, Research Department.
• Naohisa Hirakata & Nao Sudo & Kozo Ueda, 2011. "Capital Injection, Monetary Policy, and Financial Accelerators," IMES Discussion Paper Series 11-E-10, Institute for Monetary and Economic Studies, Bank of Japan.
• Sean D. Campbell & Daniel M. Covitz & William R. Nelson & Karen M. Pence, 2011. "Securitization markets and central banking: an evaluation of the term asset-backed securities loan facility," Finance and Economics Discussion Series 2011-16, Board of Governors of the Federal Reserve System (U.S.).
• Frankel, Jeffrey A., 2011. "How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical?," Working Paper Series rwp11-015, Harvard University, John F. Kennedy School of Government.
• Frankel, Jeffrey A., 2011. "A Lesson from the South for Fiscal Policy in the US and Other Advanced Countries," Working Paper Series rwp11-014, Harvard University, John F. Kennedy School of Government.
• Dixon, H. & Le Bihan, H., 2011. "Generalized Taylor and Generalized Calvo price and wage-setting: micro evidence with macro implications," Working papers 324, Banque de France.
• Paolo A. Pesenti & Jan J.J. Groen, 2011. "Commodity prices, commodity currencies, and global economic developments," European Economy - Economic Papers 2008 - 2015 440, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Douglas Gale & Tanju Yorulmazer, 2011. "Liquidity hoarding," Staff Reports 488, Federal Reserve Bank of New York.
• Fernando Martins & Daniel Dias, 2011. "Why Are Some Prices Stickier Than Others? Firm-Data Evidence on Price Adjustment Lags," Working Papers w201107, Banco de Portugal, Economics and Research Department.
• Bindseil, Ulrich & Jabłecki, Juliusz, 2011. "A structural model of central bank operations and bank intermediation," Working Paper Series 1312, European Central Bank.
• Guido Menzio & Shouyong Shi & Hongfei Sun, 2011. "A Monetary Theory with Non-Degenerate Distributions," Working Papers tecipa-425, University of Toronto, Department of Economics.
• Sascha S. Becker, 2011. "What Drives the Relationship Between Inflation and Price Dispersion? Market Power vs. Price Rigidity," SFB 649 Discussion Papers SFB649DP2011-019, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
• Clausen, Andrew & Strub, Carlo, 2011. "Money Cycles," Economics Working Paper Series 1102, University of St. Gallen, School of Economics and Political Science.
• Fernando Martins & Daniel Dias, 2011. "Choosing Between Time and State Dependence: Micro Evidence on Firms' Price-Reviewing Strategies," Working Papers w201106, Banco de Portugal, Economics and Research Department.
• Troy D Matheson, 2011. "New Indicators for Tracking Growth in Real Time," IMF Working Papers 11/43, International Monetary Fund.
• Daniel Levy & Dongwon Lee & Haipeng (Allan) Chen & Robert J. Kauffman & Mark Bergen, 2010. "Price Points and Price Rigidity," Working Papers 2010-21, Bar-Ilan University, Department of Economics.
• Luís Cabral & Arthur Fishman, 2011. "Business as Usual: A Consumer Search Theory of Sticky Prices and Asymmetric Price Adjustment," Working Papers 2011-01, Bar-Ilan University, Department of Economics.
• Stephen McKnight, 2011. "Investment and interest rate policy in the open economy," Serie documentos de trabajo del Centro de Estudios Económicos 2011-02, El Colegio de México, Centro de Estudios Económicos.
• R. Anton Braun & Tomoyuki Nakajima, 2011. "Uninsured countercyclical risk: an aggregation result and application to optimal monetary policy," FRB Atlanta Working Paper 2011-04, Federal Reserve Bank of Atlanta.
• Neville Francis & Eric Ghysels & Michael T. Owyang, 2011. "The low-frequency impact of daily monetary policy shocks," Working Papers 2011-009, Federal Reserve Bank of St. Louis.
• Agustin Roitman & Christian Daude, 2011. "Imperfect Information and Saving in a Small Open Economy," IMF Working Papers 11/60, International Monetary Fund.
• Rochelle M. Edge & Refet S. Gürkaynak, 2011. "How useful are estimated DSGE model forecasts?," Finance and Economics Discussion Series 2011-11, Board of Governors of the Federal Reserve System (U.S.).
• Surico, Paolo & ,, 2011. "A Century of Inflation Forecasts," CEPR Discussion Papers 8292, C.E.P.R. Discussion Papers.
• Chia-Lin Chang & Philip Hans Franses & Michael McAleer, 2011. "Are Forecast Updates Progressive?," Documentos de Trabajo del ICAE 2011-03, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
• Daniel Levy & Frank Smets, 2010. "Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue," Working Papers 2010-22, Bar-Ilan University, Department of Economics.
• Vives, Xavier & Cespa, Giovanni, 2011. "Expectations, Liquidity, and Short-term Trading," CEPR Discussion Papers 8303, C.E.P.R. Discussion Papers.
• Damiano Sandri & Pau Rabanal & Isabelle Mejean, 2011. "Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia," IMF Working Papers 11/46, International Monetary Fund.
• Francesco Furlanetto & Martin Seneca, 2011. "New perspectives on depreciation shocks as a source of business cycle fluctuations," Working Paper 2011/02, Norges Bank.
• Matteo Barigozzi & Antonio M. Conti & Matteo Luciani, 2011. "Measuring Euro Area Monetary Policy Transmission in a Structural Dynamic Factor Model," European Economy - Economic Papers 2008 - 2015 441, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Fabian Valencia & Luc Laeven, 2011. "The Real Effects of Financial Sector Interventions During Crises," IMF Working Papers 11/45, International Monetary Fund.
• Liebermann, Joelle, 2011. "Real-Time Nowcasting of GDP: Factor Model versus Professional Forecasters," Research Technical Papers 3/RT/11, Central Bank of Ireland.
• Libo Wu & Jing Li & ZhongXiang Zhang, 2011. "Inflationary effect of oil-price shocks in an imperfect market: a partial transmission input-output analysis," Economics Study Area Working Papers 115, East-West Center, Economics Study Area.
• Yi Wen, 2011. "Input and output inventory dynamics," Working Papers 2011-008, Federal Reserve Bank of St. Louis.
• Badarinza, Cristian & Margaritov, Emil, 2011. "News and policy foresight in a macro-finance model of the US," Working Paper Series 1313, European Central Bank.
• Jouchi Nakajima, 2011. "Monetary Policy Transmission under Zero Interest Rates: An Extended Time-Varying Parameter Vector Autoregression Approach," IMES Discussion Paper Series 11-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
• Evgeny Zhelobodko & Sergey Kokovin & Mathieu Parenti & Jacques-François Thisse, 2011. "Monopolistic Competition in General Equilibrium: Beyond the CES," Discussion Paper Series DP2011-16, Research Institute for Economics & Business Administration, Kobe University.
• István P. Székely & Werner Roeger & Jan in 't Veld, 2011. "Fiscal policy in the EU in the crisis: a model-based approach," CASE Network Studies and Analyses 423, CASE-Center for Social and Economic Research.
• Pedro Teles & Emmanuel Farhi, 2011. "Unconventional Fiscal Policy at the Zero Bound," Working Papers w201103, Banco de Portugal, Economics and Research Department.
• Ethan Ilzetzki & Enrique G. Mendoza & Carlos A. Végh Gramont, 2011. "How Big (Small?) are Fiscal Multipliers?," IMF Working Papers 11/52, International Monetary Fund.
• L. Marattin & P. Paesani & S. Salotti, 2011. "Fiscal shocks, public debt, and long-term interest rate dynamics," Working Papers wp740, Dipartimento Scienze Economiche, Universita' di Bologna.
• Marcos Poplawski Ribeiro & Jan-Christoph Rülke, 2011. "Fiscal Expectations Under the Stability and Growth Pact; Evidence from Survey Data," IMF Working Papers 11/48, International Monetary Fund.
• Gabriela Castro & José R. Maria & Vanda Almeida, 2011. "Fiscal Consolidation in a Small Euro Area Economy," Working Papers w201105, Banco de Portugal, Economics and Research Department.
• Raphael A Espinoza & Abdelhak S Senhadji, 2011. "How Strong are Fiscal Multipliers in the GCC?," IMF Working Papers 11/61, International Monetary Fund.
• Pedro Gomes, 2011. "Fiscal policy and the labour market: the effects of public sector employment and wages," European Economy - Economic Papers 2008 - 2015 439, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Ferhan Salman & Gabriela Dobrescu, 2011. "Fiscal Policy During Absorption Cycles," IMF Working Papers 11/41, International Monetary Fund.
• Luisa Lambertini, 2011. "Leaning Against Boom-Bust Cycles in Credit and Housing Prices," Working Papers w201108, Banco de Portugal, Economics and Research Department.
• Michael G. Arghyrou & Alexandros Kontonikas, 2011. "The EMU sovereign-debt crisis: Fundamentals, expectations and contagion," European Economy - Economic Papers 2008 - 2015 436, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Pascal Towbin & Sebastian Weber, 2011. "Limits of Floating Exchange Rates; the Role of Foreign Currency Debt and Import Structure," IMF Working Papers 11/42, International Monetary Fund.
• Yamin Ahmad & William D. Craighead, 2011. "Temporal Aggregation and Purchasing Power Parity Persistence," Wesleyan Economics Working Papers 2011-001, Wesleyan University, Department of Economics.
• Henning Klodt, 2011. "Ist die Währungsunion zu retten? Für einen anreizeffizienten Krisenmechanismus," Kiel Working Papers 1690, Kiel Institute for the World Economy.
• Vahram Stepanyan & Kai Guo, 2011. "Determinants of Bank Credit in Emerging Market Economies," IMF Working Papers 11/51, International Monetary Fund.
• Michael S. Barr & Jane K. Dokko & Eleanor M. Feit, 2011. "Preferences for banking and payment services among low- and moderate-income households," Finance and Economics Discussion Series 2011-13, Board of Governors of the Federal Reserve System (U.S.).
• Mohan, Rakesh, 2011. "Emerging Contours of Financial Regulation: Challenges and Dynamics," ADBI Working Papers 271, Asian Development Bank Institute.
• Peltonen, Tuomas A. & Lo Duca, Marco, 2011. "Macro-financial vulnerabilities and future financial stress: assessing systemic risks and predicting systemic events," Working Paper Series 1311, European Central Bank.
• Angelini, P. & Clerc, L. & Cúrdia, V. & Gambacorta, L. & Gerali, A. & Locarno, A. & Motto, R. & Roeger, W. & Van den Heuvel, S. & Vlcek, J., 2011. "BASEL III: Long-term impact on economic performance and fluctuations," Working papers 323, Banque de France.
• Bertram, Philip & Sibbertsen, Philipp & Stahl, Gerhard, 2011. "About the Impact of Model Risk on Capital Reserves: A Quantitative Analysis," Hannover Economic Papers (HEP) dp-469, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
• C. Randall Henning, 2011. "Coordinating Regional and Multilateral Financial Institutions," Working Paper Series WP11-9, Peterson Institute for International Economics.
• Dirk Schoenmaker & Wolf Wagner, 2011. "The Impact of Cross-Border Banking on Financial Stability," Tinbergen Institute Discussion Papers 11-054/2/DSF18, Tinbergen Institute.
• David G. Mayes & Maria J. Nieto & Larry D. Wall, 2011. "Creating an EU-level supervisor for cross-border banking groups: Issues raised by the U.S. experience with dual banking," FRB Atlanta Working Paper 2011-06, Federal Reserve Bank of Atlanta.
• Jouchi Nakajima, 2011. "Time-Varying Parameter VAR Model with Stochastic Volatility: An Overview of Methodology and Empirical Applications," IMES Discussion Paper Series 11-E-09, Institute for Monetary and Economic Studies, Bank of Japan.
• Stephen Snudden & Vladimir Klyuev, 2011. "Effects of Fiscal Consolidation in the Czech Republic," IMF Working Papers 11/65, International Monetary Fund.
• Kelly, Robert & McQuinn, Kieran & Stuart, Rebecca, 2011. "Exploring the Steady-State Relationship between Credit and GDP for a Small Open Economy - The Case of Ireland," Research Technical Papers 1/RT/11, Central Bank of Ireland.
• Kerstin Gerling & Carlos Fernandez Valdovinos, 2011. "Inflation Uncertainty and Relative Price Variability in WAEMU Countries," IMF Working Papers 11/59, International Monetary Fund.
• Tidiane Kinda, 2011. "Modeling Inflation in Chad," IMF Working Papers 11/57, International Monetary Fund.