Report NEP-CBA-2025-12-22

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:

• Adib Rahman & Liang Wang, 2025, "Central Bank Digital Currency, Tax Evasion, and Monetary Policy with Heterogeneous Agents," Working Papers, University of Hawaii at Manoa, Department of Economics, number 202505, Nov.
• Josef Simpartl, 2025, "Social Media as a Monetary Policy Tool? Evidence from a Survey Experiment," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2025/29, revised 2025.
• Zakaria Savon, 2025, "Does Monetary Policy Affect the Stability of Islamic Banks?," Post-Print, HAL, number hal-05321401, Oct, DOI: 10.32479/ijefi.19944.
• Larsen, Mathias & Jackson, James, 2025, "Revisiting central bank independence for the climate era: insights from the People's Bank of China," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 130460, Nov.
• Tevdovski, Dragan & Hadzi-Velkova, Biljana, 2025, "What is the interest rate pass-through under surplus liquidity in the banking sector?," MPRA Paper, University Library of Munich, Germany, number 126691, Nov.
• Husnu C. Dalgic, 2025, "When Is Liquidity Bad?," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2025_723, Dec.
• Anahit Matinyan, 2025, "Exchange Rate Pass-Through To Inflation In Armenia: A Disaggregated And Shock-Based Analysis," Working Papers, Central Bank of Armenia, number WP-2025-05, Dec.
• Viktoria Alaverdyan & Gevorg Minasyan & Aleksandr Shirkhanyan, 2025, "When Risk Shifts, not Shrinks: Bank Portfolio Responses to FX Macroprudential Regulation," Working Papers, Central Bank of Armenia, number WP-2025-04, Dec.
• Duarte, João B. & Pires, Mariana N., 2025, "Financial integration and the transmission of monetary policy in the euro area," Working Paper Series, European Central Bank, number 3165, Dec.
• Pablo Aguilar-Perez, 2025, "Monetary Policy and Life Insurance Profitability: Bancassurance’s Edge in a Low-Yield World," Working Papers, CEPII research center, number 2025-22, Dec.
• Tao Liu & Dong Lu & Liang Wang, 2025, "Hegemony or Harmony? A Unified Framework for the International Monetary System," Working Papers, University of Hawaii at Manoa, Department of Economics, number 202504, Sep.
• Le Roux, Thomas, 2025, "Geopolitical Shocks, Fiscal Dominance, and the TPI Conditionality: A Structural Conflict in the Euro Area," MPRA Paper, University Library of Munich, Germany, number 126750, Nov, revised 07 Nov 2025.
• Pablo Aguilar-Perez, 2025, "Global Spillovers of US Monetary Policy: New Insights from the Remittance Channel," Working Papers, CEPII research center, number 2025-21, Dec.
• Kliem, Martin & Metiu, Norbert, 2025, "Shaping the financial cycle through monetary policy," Discussion Papers, Deutsche Bundesbank, number 33/2025.
• Vladimir Yeghiazaryan & Arthur Grigoryan & Ashot Sargsyan, 2025, "Measuring systemic risk and macroprudential policy impact in Armenian financial system: a Growth-at-Risk approach," Working Papers, Central Bank of Armenia, number WP-2025-01, Aug.
• Ulrich Roschitsch & Hannes Twieling, 2025, "United in Booms, Divided in Busts: Regional House Price Cycles and Monetary Policy," Staff Working Papers, Bank of Canada, number 25-36, Dec, DOI: 10.34989/swp-2025-36.
• Hélène Bruffaerts & Rudi Vander Vennet, 2025, "Effectiveness of a Soft LTV Limit," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration, number 25/1125, Nov.
• Lindner, Vincent & Pelizzon, Loriana, 2025, "Lean macroprudentialism and the centrality of resolution: Why Europe's ex ante framework cannot deliver stability," SAFE Policy Letters, Leibniz Institute for Financial Research SAFE, number 110.
• Coleman, Andrew & Karagedikli, Özer, , "The Relative Size of New Zealand Exchange Rate and Interest Rate Responses to News," Motu Working Papers, Motu Economic and Public Policy Research, number 292650, DOI: 10.22004/ag.econ.292650.
• Christian R. Proano & Naira Kotb, 2025, "Monetary Policy, Stock Prices and Temporal Aggregation in a New Keynesian Model with Behavioural Expectations," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2025-68, Dec.
• Tjantana Barro & Michal Marencak & Giang Nghiem, 2025, "The Green Transition and Households' Macroeconomic Expectations: A Survey Experiment," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2025-69, Dec.
• Toshiaki Yamanaka, 2025, "Coordinated Mean-Field Control for Systemic Risk," Papers, arXiv.org, number 2512.04704, Dec.
• Luis Uzeda, 2025, "Pulse check: Measuring underlying inflation and its drivers," Staff Analytical Notes, Bank of Canada, number 2025-29, Dec, DOI: 10.34989/san-2025-29.
• Carlos Giraldo & Iader Giraldo-Salazar & Jose E. Gomez-Gonzalez & Jorge M Uribe, 2025, "Government Debt Expansion and Bank Capitalization: The Conditioning Role of Institutional Quality," Documentos de trabajo, FLAR, number 021931, Dec.
• Djeneba Dramé & Florian Léon, 2025, "Monetary Policy Shifts: How Firms Respond
  [Quand la politique monétaire change, les entreprises suivent]," Post-Print, HAL, number hal-05385539, Oct.
• Butt, Asad Ejaz, 2025, "Supply-Driven Inflation: Anchored Expectations and Optimal Macroeconomic Policy Response," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 333975.
• Nicolás Cachanosky & Emilio Ocampo, 2024, "Conflict theories on inflation: a note," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 887, Dec.
• Ressita Ramadhani, 2025, "Unlocking ASEAN's Economic Potential with CBDCs: A Strategic Path Forward," Working Papers, Economic Research Institute for ASEAN and East Asia (ERIA), number PB-2025-10, Sep.
• Luis Rodrigo Arnabal & Santiago Camara & Cecilia Dassatti, 2025, "Global Banks' Spillovers to Emerging Markets: Macro to Micro Transmission," Papers, arXiv.org, number 2512.01132, Nov.