Report NEP-CBA-2026-09-14

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:

• Naveed Javed & James Morley, 2026, "Diminishing Monetary Potency under Fiscal Dominance: A Bayesian Local Projections Analysis," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2026-75, Sep.
• Luigi Bocola & Gastón Chaumont & Alessandro Dovis & Rishabh Kirpalani, 2026, "Accounting for Credibility: Fiscal-Monetary Interactions and the Credibility of Central Bank Mandates," NBER Working Papers, National Bureau of Economic Research, Inc, number 35691, Aug.
• Christopher Ashwell & Aleksandar Vasilev, 2026, "The effects of unconventional monetary policy on the Macroeconomy: A UK analysis," EERI Research Paper Series, Economics and Econometrics Research Institute (EERI), Brussels, number EERI RP 2026/06, Jan.
• Alexander Goetz & Lucas Kyriacou & Florence Miguet Heimlicher & Stefanie Siegrist, 2026, "Do Swiss households revise their inflation expectations after monetary policy announcements?," Working Papers, Swiss National Bank, number 2026-11.
• Mathias Drehmann & Xuewen Fu, 2026, "Hard to shift, easy to reshape: central bank reserve demand and frictions," BIS Working Papers, Bank for International Settlements, number 1372, Aug.
• Birta B. Haraldsdottir & Bjarni G. Einarsson, 2026, "Too Little, Too Late? Testing The Optimality of Monetary Policy in Iceland," Economics, Department of Economics, Central bank of Iceland, number wp101, Aug.
• Ambrogio Cesa-Bianchi & Andrea Ferrero & Shangshang Li, 2025, "Capital flows and exchange rates: A quantitative assessment of the dilemma hypothesis," Bank of England Staff Working Paper series, Bank of England, number 1141, Sep.
• Brent Bundick & Nicolas Petrosky-Nadeau, 2026, "A Dual Mandate Can Support Price Stability," Working Paper Series, Federal Reserve Bank of San Francisco, number 2026-17, Aug, DOI: 10.24148/wp2026-17.
• Pablo D. Azar & Maryam Farboodi & Nish Sinha, 2026, "Stablecoins Meet the Mundell–Fleming Trilemma," Staff Reports, Federal Reserve Bank of New York, number 1202, Aug, DOI: 10.59576/sr.1202.
• Anna CIeslak & Stephen Hansen & Hao Pang, 2026, "Risk Management in Monetary Policy: A Review with Asset Pricing Implications," Working Papers, Federal Reserve Bank of Dallas, number 2630, Sep, DOI: 10.24149/wp2630.
• Ludovica Ambrosino & Jenny Chan & Silvana Tenreyro, 2026, "Productivity and inflation dynamics," Bank of England Staff Working Paper series, Bank of England, number 1201, Aug.
• Carlos Giraldo & Iader Giraldo-Salazar & Jose E. Gomez-Gonzalez & Jorge M Uribe, 2026, "The Effects of Inflation on Banks’ Balance Sheets: Evidence from Emerging Markets," Documentos de trabajo, FLAR, number 023577, Sep.
• Koundouros, Andreas & Nautz, Dieter, 2026, "Inflation misperceptions of consumers," Discussion Papers, Free University Berlin, School of Business & Economics, number 2026/18, DOI: 10.17169/refubium-52929.
• Martin Summer, 2026, "Stablecoins, Inflation and the Settlement Hierarchy (Martin Summer)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 280, Sep.
• Huberto M. Ennis & Alexander L. Wolman, 2026, "The Diffusion of Bank Reserves in the U.S," Working Paper, Federal Reserve Bank of Richmond, number 26-12, Sep, DOI: 10.21144/wp26-12.
• Mr. Suman S Basu & Pablo Winant, 2026, "A Model of Macroeconomic Policies with Endogenously Insurable Exchange Rates," IMF Working Papers, International Monetary Fund, number 2026/188, Sep.
• Frederic Boissay & Harald Uhlig, 2026, "Reserves and the Buyer of Last Resort," NBER Working Papers, National Bureau of Economic Research, Inc, number 35548, Jul.
• Sara Casella & Jesús Fernández-Villaverde & Stephen Hansen & Ryohei Oishi & Minchul Shin, 2026, "Structural Estimation with Unstructured Data," NBER Working Papers, National Bureau of Economic Research, Inc, number 35487, Jul.
• Stefania D'Amico & Thomas B. King & Francisco Torralba, 2026, "How Do Market Expectations React to the FOMC Dot Plot?," Staff Reports, Federal Reserve Bank of New York, number 1204, Sep, DOI: 10.59576/sr.1204.
• Drishan Banerjee & Galina Hale & Harrison Shieh, 2026, "This Time Is (Mostly) Different: U.S. Tightening Cycles and Global Resilience in the 1980s vs 2020s," NBER Working Papers, National Bureau of Economic Research, Inc, number 35673, Aug.
• Jens H. E. Christensen & Glenn D. Rudebusch, 2026, "Can Fiscal, AI, or Monetary News Explain the Rise in r∗?," Working Paper Series, Federal Reserve Bank of San Francisco, number 2026-19, Aug, DOI: 10.24148/wp2026-19.
• Krishan Shah & Phillip Bunn & Jonathan Haskel, 2025, "The credit channel of monetary policy: direct survey evidence from UK firms," Bank of England Staff Working Paper series, Bank of England, number 1138, Jul.
• Jonathan Hambur & Martin McCarthy & Sam Munn & Emily Shaw, 2026, "Rate and See: Household Interest Rate Expectation Formation in Australia," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2026-76, Sep.
• Poinelli, Andrea & Pelizzon, Loriana & Tomio, Davide & Nguyen, Benoit & Linzert, Tobias, 2026, "Elastic in cash, inelastic in repo: Hedge funds in the treasury and repo markets," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 492.
• Jeffery (Jinfan) Chang & Wei Xiong, 2026, "Monetary Policy in Mandarin Capitalism," NBER Working Papers, National Bureau of Economic Research, Inc, number 35562, Jul.
• Mahmoud Fatouh & Simone Giansante & Meryem Duygun, 2025, "The real economy effects of QE through the corporate bond market," Bank of England Staff Working Paper series, Bank of England, number 1134, Jul.
• Giovanni Covi & Tihana Škrinjarić, 2025, "Measuring the stability of the banking system: capital and liquidity at risk with solvency-liquidity interactions," Bank of England Staff Working Paper series, Bank of England, number 1140, Aug.
• Kaniska Dam & Rajdeep Sengupta, 2026, "Bank Capital and Deposit Insurance," Research Working Paper, Federal Reserve Bank of Kansas City, number RWP 26-11, Aug, DOI: 10.18651/RWP2026-11.
• Jess Benhabib & Pengfei Wang & Yi Wen, 2026, "Incomplete Information and Self-Fulfilling Inflation Dynamics—Lucas meets Keynes," NBER Working Papers, National Bureau of Economic Research, Inc, number 35563, Jul.
• Kazuhiro Hiraki & Meryem Rhouzlane, 2026, "How to Operationalize an Exchange Rate Peg," IMF Fiscal Affairs Department, International Monetary Fund, number 2026/006, Aug.
• Martin Bodenstein & Junzhu Zhao, 2026, "Optimal Monetary and Fiscal Policy under Limited Foresight," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1444, Aug, DOI: 10.17016/IFDP.2026.1444.
• Freddy Cepeda-Lopez & Fredy Gamboa & Javier Miguelez-Márquez, 2026, "Settlement liquidity in the Colombian large-value payment system: the role of reserve requirements," BIS Working Papers, Bank for International Settlements, number 1373, Aug.
• Francesco Bianchi & Qingyuan Fang & Leonardo Melosi & Anna Rogantini Picco, 2026, "Who is Afraid of Eurobonds?," NBER Working Papers, National Bureau of Economic Research, Inc, number 35510, Jul.
• Thomas W L Norman & Tim Willems, 2025, "A game-theoretic foundation for the fiscal theory of the price level," Bank of England Staff Working Paper series, Bank of England, number 1137, Jul.
• Mateo Agustín Fernández, 2026, "Buffers and Borrowing: How Reserve Accumulation Shapes Sovereign Spreads and Debt Dynamics in Emerging Economies," Young Researchers Working Papers, Universidad de San Andres, Departamento de Economia, number 23, Aug, revised Aug 2026.
• Mingli Chen & Rama Cont & Andreas Joseph & Michael Kumhof & Xinlei Pan & Wei Xiong & Xuan Zhou, 2025, "Deep reinforcement learning in a monetary model," Bank of England Staff Working Paper series, Bank of England, number 1142, Sep.
• Alvaro Contreras & Peter Eccles & Paolo Siciliani, 2026, "Outsourcing and competition in the banking sector: the rise of Cloud Service Providers," Bank of England Staff Working Paper series, Bank of England, number 1199, Aug.
• Arisa Chantaraboontha, 2026, "Examining the Fiscal Theory of the Price Level: Evidence from developed and developing countries," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 26-11, Sep.
• Sergio A. Correia & Stephan Luck & Emil Verner, 2026, "Bank Runs With and Without Bank Failure," NBER Working Papers, National Bureau of Economic Research, Inc, number 35504, Jul.
• Kevin Hjortshøj O'Rourke & Roger Vicquéry, 2025, "How fixed are global exchange rates?," Bank of England Staff Working Paper series, Bank of England, number 1131, Jun.
• Reis, Ricardo, 2026, "Why did inflation rise and fall in 2021–2024? Channels and evidence from expectations," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 138478, Aug.