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 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:

• Ting Lan & Lerong Li & Mr. Minghao Li, 2025, "Cyclical Inequality in the Cost of Living and Implications for Monetary Policy," IMF Working Papers, International Monetary Fund, number 2025/264, Dec.
• 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, Federal Reserve Bank of San Francisco, number 2025-30, Dec, DOI: 10.24148/wp2025-30.
• Milena Djourelova & Filippo Ferroni & Leonardo Melosi & Alessandro Villa, 2025, "One Fed, Many Voices: Coordinated Communication vs. Transparent Debate," Working Paper Series, Federal Reserve Bank of Chicago, number WP 2025-23, Nov, DOI: 10.21033/wp-2025-23.
• 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, Federal Reserve Bank of Philadelphia, number 25-42, Dec, DOI: 10.21799/frbp.wp.2025.42.
• Andreas Schrimpf & Markus Sihvonen, 2025, "Inflation and the joint bond-FX spanning puzzle," BIS Working Papers, Bank for International Settlements, number 1320, Dec.
• Grodecka-Messi, Anna & Kliem, Martin & Muller, Gernot J., 2025, "Central Bank Losses and Inflation: 350 Years of Evidence," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 457, Nov.
• Leila Aghabarari & Sophia Chen & Deniz Igan & Bernardus Van Doornik, 2025, "The Nuanced Role of Government Credit on Monetary Policy Transmission," Working Papers Series, Central Bank of Brazil, Research Department, number 636, Dec.
• 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, Banque de France, number 423, Dec.
• Cristina Badarau & Eleonora Cavallaro & Stefania Stancu, 2025, "Corporate debt structure and monetary policy transmission: a general equilibrium approach," Working Papers, International Network for Economic Research - INFER, number 2025.21.
• Mathilde Dufouleur, 2025, "Do stablecoins affect monetary policy transmission?
  [Les stablecoins influencent-ils la transmission de la politique monétaire ?]," Eco Notepad, Banque de France, number 416, Nov.
• Duk Gyoo Kim & Ohik Kwon & Seungduck Lee, 2025, "Public Demand and Financial Implications for Retail CBDC: A Randomized Survey Experiment," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2025rwp-274, Dec.
• Sami Alpanda & Serdar Kabaca, 2025, "Portfolio Rebalancing Channel and the Effects of Large-Scale Stock and Bond Purchases," Staff Working Papers, Bank of Canada, number 25-38, Dec, DOI: 10.34989/swp-2025-38.
• 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, CESifo, number 12361.
• Collin Eldridge & Miguel Faria-e-Castro, 2025, "What Are the Characteristics of Banks with Large Unrealized Losses?," On the Economy, Federal Reserve Bank of St. Louis, number 102222, Dec.
• Marcin Kolasa & Oliver Vogt & Pawel Zabczyk, 2025, "Optimal FX Interventions with Limited Reserves," IMF Working Papers, International Monetary Fund, number 2025/261, Dec.
• Lucia Gurrieri & Chase P. Ross & Ben Schmiedt & Alexandros Vardoulakis & Vladimir Yankov, 2025, "Central Bank Access and Flight to Safety," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-100, Nov, DOI: 10.17016/FEDS.2025.100.
• Thomas Winberry & Adrien Auclert & Matthew Rognlie & Ludwig Straub, 2025, "New Keynesian Economics with Household and Firm Heterogeneity," NBER Working Papers, National Bureau of Economic Research, Inc, number 34611, Dec.
• 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, Universidad de San Andres, Departamento de Economia, number 19, Jul, revised Dec 2025.
• Michał Łesyk & Grzegorz Wesołowski, 2025, "Household demand for treasury bonds and time deposits in a small open economy," NBP Working Papers, Narodowy Bank Polski, number 378.
• Richard Kima & Keagile Lesame, 2025, "Macroeconomic effects of lowering South Africa's inflation target: An SVAR analysis," WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER), number wp-2025-106.
• Wieland, Volker & Hegemann, Hendrik, 2025, "ECB policy and strategy review: Potential improvements," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 224.
• Federico Ravenna, 2025, "Prime vs. Subprime: Asymmetric Information and Equilibrium Securitization in a Business Cycle Model," Carlo Alberto Notebooks, Collegio Carlo Alberto, number 751 JEL Classification: E.
• Marc Blatter & Joséphine Molleyres, 2025, "LCR optimization by banks: Evidence from changes in liquidity requirements in Switzerland," Working Papers, Swiss National Bank, number 2025-18.
• Hegemann, Hendrik & Wieland, Volker, 2025, "Moment of the euro? Perceptions of US dollar decline," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 225.
• Kinda Hachem, 2025, "Designing Bank Regulation with Accounting Discretion," Liberty Street Economics, Federal Reserve Bank of New York, number 20251215, Dec, DOI: 10.59576/lse.20251215.
• Hakhverdyan, Davit & Kalantaryan, Hayk, 2025, "Capital flow volatility and financial fragility: Cross-country evidence and policy lessons," Discourses in Social Market Economy, OrdnungsPolitisches Portal (OPO), number 2025-13.
• Ursel Baumann & Annalisa Ferrando & Dimitris Georgarakos & Yuriy Gorodnichenko & Timo Reinelt, 2025, "Firms’ Inflation Expectations in a Monetary Union," Working Paper Series, Federal Reserve Bank of San Francisco, number 2025-29, Dec, DOI: 10.24148/wp2025-29.
• 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, Banque de France, number 415, Nov.
• Diogo Abry Guillen & Victor Monteiro, 2025, "An Organizational Structure Approach to Price Setting and Monetary Policy," Working Papers Series, Central Bank of Brazil, Research Department, number 638, Dec.
• 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, Board of Governors of the Federal Reserve System (U.S.), number 2025-099, Nov, DOI: 10.17016/FEDS.2025.099.
• 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, Banco de la Republica de Colombia, number 1336, Dec, DOI: 10.32468/be.1336.

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 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: