Report NEP-CBA-2025-11-17

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

• Ferrando, Annalisa & Lamboglia, Sara & Offner, Eric, 2025. "Monetary policy transmission to investment: evidence from a survey on enterprise finance," Working Paper Series 3150, European Central Bank.
• Matthew Elias & Christian Gillitzer & Greg Kaplan & Gianni La Cava & Nalini V. Prasad, 2025. "The Mortgage Debt Channel of Monetary Policy when Mortgages are Liquid," NBER Working Papers 34461, National Bureau of Economic Research, Inc.
• Mrs. Jana Bricco & Mr. Mario Mansilla & Mrs. Delia Velculescu & Mr. Philippe Wingender, 2025. "Macroeconomic Effects of Lowering South Africa’s Inflation Target," IMF Working Papers 2025/237, International Monetary Fund.
• Mr. Yan Carriere-Swallow & Gene Kindberg-Hanlon & Danila Smirnov, 2025. "Macroeconomic Effects and Spillovers from Bank of Japan Unconventional Monetary Policy," IMF Working Papers 2025/227, International Monetary Fund.
• Hodula, Martin & Mimun, Anisa Tiza, 2025. "Investment funds and the monetary-macroprudential policy interplay," Working Paper Series 3151, European Central Bank.
• Janine Aron & Greg Farrell & John Muellbauer, 2025. "The Governance of Macroprudential Policy," CSAE Working Paper Series 2025-12, Centre for the Study of African Economies, University of Oxford.
• Bobasu, Alina & Ciccarelli, Matteo & Notarpietro, Alessandro & Ambrocio, Gene & Auer, Simone & Bonfim, Diana & Bottero, Margherita & Brázdik, František & Buss, Ginters & Byrne, David & Casalis, André , 2025. "Monetary policy transmission: a reference guide through ESCB models and empirical benchmarks," Occasional Paper Series 377, European Central Bank.
• Alfred V Guender & Jacob Greig & Kuntal Das & Jakub Pesek, 2025. "The Global Reach of US Monetary Policy: Suggestive Evidence from the Global Financial Crisis and the COVID-19 Pandemic," CAMA Working Papers 2025-60, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Campos, Maria Manuel & Gomes, Sandra & Jacquinot, Pascal & Cardoso-Costa, José Miguel, 2025. "Monetary and fiscal policy interactions in the aftermath of an inflationary shock," Working Paper Series 3145, European Central Bank.
• Efrem Castelnuovo & Giovanni Pellegrino & Laust L. Særkjær, 2025. "Monetary Policy Shocks and Narrative Restrictions: Rules Matter," CESifo Working Paper Series 12246, CESifo.
• Juselius, Mikael, 2025. "Navigating the sea of natural real interest rate estimates," BoF Economics Review 3/2025, Bank of Finland.
• Leonardo N. Ferreira & Caio Garzeri & Diogo Guillen & Antônio Lima & Victor Monteiro, 2025. "The Not So Quiet Revolution: signal and noise in central bank communication," Working Papers Series 635, Central Bank of Brazil, Research Department.
• Junming Chen, 2025. "Monetary Policy, Financing Constraints, and Rational Asset Price Bubbles," Discussion Papers 25/04, Department of Economics, University of York.
• Natalie Kessler & Poramapa Poonpakdee, 2025. "The Role of Ambiguity in the Monetary Policy Transmissions: Evidence from the European Repo Market," Working Papers 847, DNB.
• Karen Davtyan & Adel R. Kalozdi, 2025. "The Power of Words: Central Bank Green Communication and Performance of Energy Sectors," Working Papers wpdea2515, Department of Applied Economics at Universitat Autonoma of Barcelona.
• Ángel Estrada García & Christian E. Castro & Gonzalo Fernández Dionis, 2025. "Diversifying sovereign risk in the Euro area: empirical analysis of different policy proposals," Working Papers 2540, Banco de España.
• Alexopoulou, Ioana & Brancatelli, Calogero & Fudulache, Adina-Elena & Gomes, Diana & Gybas, Daniel & Sauer, Stephan, 2025. "Collateral easing in non-standard times: a review of the role of Additional Credit Claims in the Eurosystem collateral framework," Occasional Paper Series 378, European Central Bank.
• Bäckman, Claes, 2025. "Macroprudential policies and homeownership," SAFE Working Paper Series 459, Leibniz Institute for Financial Research SAFE.
• Lampe, Max & Adalid, Ramón, 2025. "A machine learning approach to real time identification of turning points in monetary aggregates M1 and M3," Working Paper Series 3148, European Central Bank.
• J. Scott Davis & Kevin X. D. Huang & Zheng Liu & Mark M. Spiegel, 2025. "Optimal Foreign Reserve Intervention and Financial Development," Working Papers 2538, Federal Reserve Bank of Dallas.
• Ayoki, Milton, 2025. "Between Easing and Anchoring: How the Fed Navigated the Final Mile of Disinflation in July 2025," MPRA Paper 126548, University Library of Munich, Germany.
• Mr. Marco Gross & Laurent Millischer, 2025. "Credit Loss in Translation: Informing Bank Provisions and Capital Buffer Requirements with Forward-Looking Credit Loss Distributions," IMF Working Papers 2025/228, International Monetary Fund.
• Diego Comin & Robert C. Johnson & Callum Jones, 2025. "Supply Chain Constraints and Inflation," IMES Discussion Paper Series 25-E-15, Institute for Monetary and Economic Studies, Bank of Japan.
• Francisco Arizala & Santiago Bazdresch & Tomohide Mineyama & Shiqing Hua, 2025. "The Impact of Fiscal Policy on Inflation Expectations," IMF Working Papers 2025/231, International Monetary Fund.
• De Jonghe, Olivier & Benkovskis, Konstantins & Bielskis, Karolis & Bonfim, Diana & Bottero, Margherita & Briglevics, Tamás & Cesnak, Martin & Dirma, Mantas & Emiris, Marina & Filep-Mosberger, Pálma & , 2025. "Household borrowing and monetary policy transmission: post-pandemic insights from nine European credit registers," Working Paper Series 3146, European Central Bank.
• Abango, Mohammed A & Yusif, Hadrat M. & Asiama, Johnson Pandit & Mawuli, Francis Abude, 2025. "The role of inflation targeting policy in the McKinnon-Shaw financial liberalization hypothesis in Ghana: Evidence from linear and non-linear autoregressive distributed lag approaches," SocArXiv k25qz_v1, Center for Open Science.
• Stephen Murchison, 2025. "Non-homothetic Preferences and the Demand Channel of Inflation," Staff Working Papers 25-30, Bank of Canada.