Report NEP-CBA-2026-01-26

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:

• De Santis, Roberto A. & Cardamone, Dario, 2026, "Understanding the inflation–output relationship across business cycle phases," Working Paper Series, European Central Bank, number 3175, Jan.
• Alexa Kaminski & Alistair Macaulay & Wenting Song, 2026, "Monetary Policy Narratives and the Transmission of Monetary Policy," School of Economics Discussion Papers, School of Economics, University of Surrey, number 0126, Jan.
• Philipp Poyntner & Sofie R. Waltl, 2026, "The Connection Between Monetary Policy and Housing Prices: Public Perception and Expert Communication," Papers, arXiv.org, number 2601.08957, Jan, revised Jan 2026.
• H. Ozlem Dursun-de Neef & Tarik Alperen Er & Ibrahim Yarba, 2026, "The Impact of Banks’ Interest Rate Risk on Monetary Policy Transmission," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2601.
• Silvia Miranda-Agrippino & Tsvetelina Nenova & Hélène Rey, 2026, "The Ins & Outs of Chinese Monetary Policy Transmission," NBER Working Papers, National Bureau of Economic Research, Inc, number 34626, Jan.
• Iñaki Aldasoro & Andreas Barth & Laura Comino Suarez & Riccardo Reale, 2026, "Banks and capital requirements: evidence from countercyclical buffers," BIS Working Papers, Bank for International Settlements, number 1323, Jan.
• Vanessa B. Schmidt, 2025, "Inequality, Home Production, and Monetary Policy," Berlin School of Economics Discussion Papers, Berlin School of Economics, number 0082, Nov, DOI: 10.48462/opus4-5993.
• Alessandro Franconi & Giacomo Rella, 2025, "Monetary policy and the wealth distribution," Cahiers de recherche / Working Papers, Chaire de recherche sur les enjeux économiques intergénérationnels / Research Chair in Intergenerational Economics, number 2504.
• Thomas Ankenbrand & Denis Bieri & Stefano Ferrazzini & Johannes Hoehener, 2025, "Classifying Tokenised Money: Dimensions and Design Features," Papers, arXiv.org, number 2512.11010, Dec, revised Jan 2026.
• Matthieu Bussiere & Tommaso Gasparini & Guillaume Horny & Benoit Nguyen, 2025, "Deposit Funding and the Credit Channel of Monetary Policy," Working papers, Banque de France, number 1029.
• George-Marios Angeletos & Chen Lian & Christian K. Wolf, 2026, "Fiscal Inaction as Monetary Support," NBER Working Papers, National Bureau of Economic Research, Inc, number 34654, Jan.
• Sébastien Blanco & Miriam Koomen & Pinar Yesin, 2026, "Heterogeneous effects of monetary policy surprises on bond fund flows," Working Papers, Swiss National Bank, number 2026-01.
• Rubio Mateo Luis, 2025, "Long and Variable Lags in Argentina's Monetary Policy: Evidence from Disaggregated Price Indices," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4836, Dec.
• Ferrari Minesso, Massimo & Siena, Daniele, 2026, "Private money and public debt. U.S. Stablecoins and the global safe asset channel," Working Paper Series, European Central Bank, number 3174, Jan.
• Alex Huang, 2026, "Journal Impact Factor and Federal Reserve Monetary Policy: An Econometric Analysis Based on 1975-2026," Papers, arXiv.org, number 2601.09618, Jan.
• Joana Passinhas & Isabel Proença, 2025, "A DSTI limit in an increasing interest rate environment: benefits across the LSTI distribution," Working Papers, Banco de Portugal, Economics and Research Department, number w02524.
• Stefano Herzel & Marco Nicolosi, 2026, "Sensitivity of the Euro OIS Term Structure to ECB Policy Rate Surprises," CEIS Research Paper, Tor Vergata University, CEIS, number 619, Jan, revised 12 Jan 2026.
• Jean Barthélemy & Eric Mengus & Guillaume Plantin, 2025, "A State Theory of Price Levels," Working papers, Banque de France, number 1023.
• Friedheim Diego & De Marco Filippo, 2025, "Banks' Inflation Expectations and Credit Allocation: the Fisher Effect," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4803, Dec.
• Walter Farkas & Fabian Sandmeier, 2025, "The Impact of Credit Default Swaps on Systemic Risk: Macroprudential Solvency and Liquidity Stress Testing," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 25-107, Dec.
• Luca Vota & Luisa Errichiello, 2025, "Job insecurity, equilibrium determinacy and E-stability in a New Keynesian model with asymmetric information. Theory and simulation analysis," Papers, arXiv.org, number 2512.13627, Dec, revised Dec 2025.
• Neil Rankin, 2026, "How Does the Effectiveness of Fiscal Deficit Stimulus Depend on the Expected Path of Debt Stabilisation? Unorthodox Outcomes When Monetary Policy Follows a Simple Taylor Rule," Discussion Papers, Department of Economics, University of York, number 26/01, Jan.
• Yasuo Hirose & Donghoon Yoo, 2026, "Behavioral Expectations Under Indeterminacy: An Empirical Evaluation," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2026-02, Jan.