Report NEP-CBA-2026-01-05

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:

• Ting Lan & Lerong Li & Mr. Minghao Li, 2025. "Cyclical Inequality in the Cost of Living and Implications for Monetary Policy," IMF Working Papers 2025/264, International Monetary Fund.
• Miguel Acosta & Andrea Ajello & Michael D. Bauer & Francesca Loria & Silvia Miranda-Agrippino, 2025. "Financial Market Effects of FOMC Communication: Evidence from a New Event-Study Database," Working Paper Series 2025-30, Federal Reserve Bank of San Francisco.
• Milena Djourelova & Filippo Ferroni & Leonardo Melosi & Alessandro Villa, 2025. "One Fed, Many Voices: Coordinated Communication vs. Transparent Debate," Working Paper Series WP 2025-23, Federal Reserve Bank of Chicago.
• Xudong An & Saket Hegde & Harren Jan & Mete Kilic & Rodney Ramcharan, 2025. "The Fed Put and Bank Risk-Taking Evidence from the Loan Book," Working Papers 25-42, Federal Reserve Bank of Philadelphia.
• Andreas Schrimpf & Markus Sihvonen, 2025. "Inflation and the joint bond-FX spanning puzzle," BIS Working Papers 1320, Bank for International Settlements.
• Grodecka-Messi, Anna & Kliem, Martin & Muller, Gernot J., 2025. "Central Bank Losses and Inflation: 350 Years of Evidence," Working Paper Series 457, Sveriges Riksbank (Central Bank of Sweden).
• Leila Aghabarari & Sophia Chen & Deniz Igan & Bernardus Van Doornik, 2025. "The Nuanced Role of Government Credit on Monetary Policy Transmission," Working Papers Series 636, Central Bank of Brazil, Research Department.
• Aurélien Guillou & Albin Salmon & Paul Vertier, 2025. "Inflation and trust in the central bank in non-advanced economies [Inflation et confiance en la banque centrale dans les économies non-avancées]," Eco Notepad 423, Banque de France.
• Cristina Badarau & Eleonora Cavallaro & Stefania Stancu, 2025. "Corporate debt structure and monetary policy transmission: a general equilibrium approach," Working Papers 2025.21, International Network for Economic Research - INFER.
• Mathilde Dufouleur, 2025. "Do stablecoins affect monetary policy transmission? [Les stablecoins influencent-ils la transmission de la politique monétaire ?]," Eco Notepad 416, Banque de France.
• Duk Gyoo Kim & Ohik Kwon & Seungduck Lee, 2025. "Public Demand and Financial Implications for Retail CBDC: A Randomized Survey Experiment," Working papers 2025rwp-274, Yonsei University, Yonsei Economics Research Institute.
• Sami Alpanda & Serdar Kabaca, 2025. "Portfolio Rebalancing Channel and the Effects of Large-Scale Stock and Bond Purchases," Staff Working Papers 25-38, Bank of Canada.
• Benjamin Born & Nora Lamersdorf & Jana-Lynn Schuster & Sascha Steffen, 2025. "From Tweets to Transactions: High-Frequency Inflation Expectations, Consumption, and Stock Returns," CESifo Working Paper Series 12361, CESifo.
• Collin Eldridge & Miguel Faria-e-Castro, 2025. "What Are the Characteristics of Banks with Large Unrealized Losses?," On the Economy 102222, Federal Reserve Bank of St. Louis.
• Marcin Kolasa & Oliver Vogt & Pawel Zabczyk, 2025. "Optimal FX Interventions with Limited Reserves," IMF Working Papers 2025/261, International Monetary Fund.
• Lucia Gurrieri & Chase P. Ross & Ben Schmiedt & Alexandros Vardoulakis & Vladimir Yankov, 2025. "Central Bank Access and Flight to Safety," Finance and Economics Discussion Series 2025-100, Board of Governors of the Federal Reserve System (U.S.).
• Thomas Winberry & Adrien Auclert & Matthew Rognlie & Ludwig Straub, 2025. "New Keynesian Economics with Household and Firm Heterogeneity," NBER Working Papers 34611, National Bureau of Economic Research, Inc.
• Juan Pablo Di Iorio, 2025. "Fiscal dominance, shocks, and the currency distribution of sovereign debt: the case of a small open economy," Young Researchers Working Papers 19, Universidad de San Andres, Departamento de Economia, revised Dec 2025.
• Michał Łesyk & Grzegorz Wesołowski, 2025. "Household demand for treasury bonds and time deposits in a small open economy," NBP Working Papers 378, Narodowy Bank Polski.
• Richard Kima & Keagile Lesame, 2025. "Macroeconomic effects of lowering South Africa's inflation target: An SVAR analysis," WIDER Working Paper Series wp-2025-106, World Institute for Development Economic Research (UNU-WIDER).
• Wieland, Volker & Hegemann, Hendrik, 2025. "ECB policy and strategy review: Potential improvements," IMFS Working Paper Series 224, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
• Federico Ravenna, 2025. "Prime vs. Subprime: Asymmetric Information and Equilibrium Securitization in a Business Cycle Model," Carlo Alberto Notebooks 751 JEL Classification: E, Collegio Carlo Alberto.
• Marc Blatter & Joséphine Molleyres, 2025. "LCR optimization by banks: Evidence from changes in liquidity requirements in Switzerland," Working Papers 2025-18, Swiss National Bank.
• Hegemann, Hendrik & Wieland, Volker, 2025. "Moment of the euro? Perceptions of US dollar decline," IMFS Working Paper Series 225, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
• Kinda Hachem, 2025. "Designing Bank Regulation with Accounting Discretion," Liberty Street Economics 20251215, Federal Reserve Bank of New York.
• Hakhverdyan, Davit & Kalantaryan, Hayk, 2025. "Capital flow volatility and financial fragility: Cross-country evidence and policy lessons," Discourses in Social Market Economy 2025-13, OrdnungsPolitisches Portal (OPO).
• Ursel Baumann & Annalisa Ferrando & Dimitris Georgarakos & Yuriy Gorodnichenko & Timo Reinelt, 2025. "Firms’ Inflation Expectations in a Monetary Union," Working Paper Series 2025-29, Federal Reserve Bank of San Francisco.
• Roxana Khabazzadeh Moghadam, 2025. "Lessons from a Parallel Economy: Crypto and the Limits of Central Banks [Les leçons d’une économie parallèle : les crypto-actifs et les limites des banques centrales]," Eco Notepad 415, Banque de France.
• Diogo Abry Guillen & Victor Monteiro, 2025. "An Organizational Structure Approach to Price Setting and Monetary Policy," Working Papers Series 638, Central Bank of Brazil, Research Department.
• David M. Arseneau & Elizabeth C. Klee & Antonis Kotidis & Michael Siemer, 2025. "The Federal Reserve’s Response to the 2023 Banking Turmoil: The Bank Term Funding Program," Finance and Economics Discussion Series 2025-099, Board of Governors of the Federal Reserve System (U.S.).
• Oscar Botero-Ramírez & Andrés Murcia & Hernando Vargas-Herrera, 2025. "Global risk transmission to local financial conditions and the participation of foreign investors in Emerging Market Economies’ sovereign bond markets: The case of Colombia," Borradores de Economia 1336, Banco de la Republica de Colombia.