Report NEP-MON-2021-03-01

This is the archive for NEP-MON, a report on new working papers in the area of Monetary Economics. Bernd Hayo issued this report. It is usually issued weekly.

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Other reports in NEP-MON

The following items were announced in this report:

• Conrado Brum Civelli & Alfredo García-Hiernaux, 2020, "An indicator of monetary bias for emerging and dollarized economies The case of Uruguay," Documentos de trabajo, Banco Central del Uruguay, number 2020007.
• Harald Uhlig & Taojun Xie, 2020, "Parallel Digital Currencies and Sticky Prices," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-188.
• Ojo, Marianne & Roedl, Marianne, 2021, "Central Bank Independence and challenges during the global pandemic: balancing monetary and fiscal policy objectives," MPRA Paper, University Library of Munich, Germany, number 106266, Feb.
• Philippe Andrade & Jordi Galí & Hervé Le Bihan & Julien Matheron, 2021, "Should the ECB adjust its strategy in the face of a lower r*?," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1767, Jan, revised Apr 2021.
• Naef, Alain & Weber, Jacob, 2021, "How Powerful Is Unannounced, Sterilized Foreign Exchange Intervention?," SocArXiv, Center for Open Science, number bfehz, Feb, DOI: 10.31219/osf.io/bfehz.
• Stéphane Lhuissier & Benoit Nguyen, 2021, "The Dynamic Effects of the ECB s Asset Purchases: a Survey-Based Identification," Working papers, Banque de France, number 806.
• Yasuo Hirose & Takushi Kurozumi & Willem Van Zandweghe, 2021, "Inflation Gap Persistence, Indeterminacy, and Monetary Policy," Working Papers, Federal Reserve Bank of Cleveland, number 21-05, Feb, DOI: 10.26509/frbc-wp-202105.
• Lilas Demmou & Quentin Sagot, 2021, "Central Bank Digital Currencies and payments: A review of domestic and international implications," OECD Economics Department Working Papers, OECD Publishing, number 1655, Feb, DOI: 10.1787/f06c0d89-en.
• Dario Bonciani & Joonseok Oh, 2021, "Revisiting the New Keynesian policy paradoxes under QE," Bank of England working papers, Bank of England, number 908, Feb.
• Michael Smolyansky & Gustavo A. Suarez, 2021, "Non-monetary news in Fed announcements: Evidence from the corporate bond market," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2021-010r1, Feb, revised 31 Jan 2025, DOI: 10.17016/FEDS.2021.010r1.
• Peter Docherty, 2021, "A Short Period Sraffa-Keynes Model for the Evaluation of Monetary Policy," Working Paper Series, Economics Discipline Group, UTS Business School, University of Technology, Sydney, number 2021/01, Feb.
• Edoardo Rainone, 2021, "Identifying deposits' outflows in real-time," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1319, Feb.
• Naef, Alain, 2020, "Dirty float or clean intervention? The Bank of England in the foreign exchange market," SocArXiv, Center for Open Science, number p4tbm, Jul, DOI: 10.31219/osf.io/p4tbm.
• Jonathan Benchimol & Gamrasni Inon & Kahn Michael & Ribon Sigal & Saadon Yossi & Ben-Ze'Ev Noam & Segal Asaf & Shizgal Yitzchak, 2021, "The Interaction Between Domestic Monetary Policy and Macroprudential Policy in Israel," Bank of Israel Working Papers, Bank of Israel, number 2021.02, Feb.
• Mr. Tobias Adrian, 2020, ""Low for Long" and Risk-Taking," IMF Departmental Papers / Policy Papers, International Monetary Fund, number 2020/015, Nov.
• Linda Schilling & Jesús Fernández-Villaverde & Harald Uhlig, 2020, "Central Bank Digital Currency: When Price and Bank Stability Collide," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-180.
• Baptiste Meunier & Justine Pedrono, 2021, "A Prudential trade-off? Leakages and Interactions with Monetary Policy," Working papers, Banque de France, number 805.
• Hernán D. Seoane, 2020, "The Sovereign-Bank Nexus: the Role of Debt and Monetary Policy," EconPol Policy Reports, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 29.
• Fernando E. Alvarez & Aleksei Oskolkov & Francesco Lippi, 2020, "The Macroeconomics of Sticky Prices with Generalized Hazard Functions," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-90.
• Masashige Hamano & Francesco Zanetti, 2020, "Monetary Policy, Firm Heterogeneity, and Product Variety," BCAM Working Papers, Birkbeck Centre for Applied Macroeconomics, number 2004, Jun.
• Olivier Coibion & Yuriy Gorodnichenko & Michael Weber, 2020, "Does Policy Communication During COVID Work?," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-76.
• Daniyal Khan, 2021, "The Twin Endogeneities Hypothesis: A Theory of Central Bank Evolution," Working Papers, New School for Social Research, Department of Economics, number 2102, Feb.
• Eichengreen, Barry & Naef, Alain, 2021, "Imported or Home Grown? The 1992-3 EMS Crisis," SocArXiv, Center for Open Science, number zfsq7, Feb, DOI: 10.31219/osf.io/zfsq7.
• Braun, Benjamin, 2021, "Central banking beyond inflation," SocArXiv, Center for Open Science, number 3skmx, Feb, DOI: 10.31219/osf.io/3skmx.
• Vincent Bodart & François Courtoy & Erica Perego, 2021, "World interest rates and macroeconomic adjustments in developing commodity producing countries," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2021002, Jan.
• Martin, Alberto & Mendicino, Caterina & Van der Ghote, Alejandro, 2021, "On the interaction between monetary and macroprudential policies," Working Paper Series, European Central Bank, number 2527, Feb.
• Carolin E. Pflueger & Gianluca Rinaldi, 2020, "Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-138.
• Serafín Frache & Rodrigo Lluberas, 2020, "Official statistics release and inflation expectations," Documentos de trabajo, Banco Central del Uruguay, number 2020009.
• Cécile Couharde & Carl Grekou & Valérie Mignon, 2021, "On the economic desirability of the West African monetary union: would one currency fit all?," Working Papers, CEPII research center, number 2021-03, Feb.
• Elizabeth Bucacos, 2021, "The Interdependence of Fiscal and Monetary Policy in Uruguay," Documentos de trabajo, Banco Central del Uruguay, number 2021001.
• Brian Fabo & Martina Jancokova & Elisabeth Kempf & Lubos Pastor, 2020, "Fifty Shades of QE: Conflicts of Interest in Economic Research," Working Papers, Becker Friedman Institute for Research In Economics, number 2020-128.
• Massimo Guidolin & Valentina Massagli & Manuela Pedio, 2021, "Does the Cost of Private Debt Respond to Monetary Policy? Heteroskedasticity-Based Identification in a Model with Regimes," Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University, number 676.
• Alessandro Ferrari & Valerio Nispi Landi, 2021, "Whatever it takes to save the planet? Central banks and unconventional green policy," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1320, Feb.
• Gregor Boehl & Philipp Lieberknecht, 2021, "The Hockey Stick Phillips Curve and the Zero Lower Bound," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2021_266, Feb.
• Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Paul Wachtel, 2021, "Monetary Policy and Racial Inequality," Opportunity and Inclusive Growth Institute Working Papers, Federal Reserve Bank of Minneapolis, number 45, Feb, DOI: 10.21034/iwp.45.
• Macaire, Camille & Naef, Alain, 2021, "Impact of Green Central Bank Collateral Policy: Evidence from the People’s Bank of China," SocArXiv, Center for Open Science, number cmwpn, Feb, DOI: 10.31219/osf.io/cmwpn.
• Toshiko Matsui & Daniel Perez, 2021, "Data-driven analysis of central bank digital currency (CBDC) projects drivers," Papers, arXiv.org, number 2102.11807, Feb.
• Bragues, George & Assistant, JHET, 2021, "Herbert Spencer's Case for Free Banking," OSF Preprints, Center for Open Science, number w2gqs, Feb, DOI: 10.31219/osf.io/w2gqs.
• Fernando Alvarez & Francesco Lippi, 2021, "The Analytic Theory of a Monetary Shock," Working Papers, Becker Friedman Institute for Research In Economics, number 2021-21.
• Rösl, Gerhard & Seitz, Franz, 2021, "Cash and crises: No surprises by the virus," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 150.
• Jonathan Benchimol & Makram El-Shagi & Yossi Saadon, 2020, "Do Expert Experience and Characteristics Affect Inflation Forecasts?," Bank of Israel Working Papers, Bank of Israel, number 2020.11, Oct.
• Cao, Ziyi & Ou, Zhirong, 2021, "Can debt monetisation be helpful for China s post-Covid recovery? Some empirical evidence," Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section, number E2021/5, Feb.
• Knut Are Aastveit & Hilde C. Bjørnland & Jamie L. Cross, 2020, "Inflation expectations and the pass-through of oil prices," Working Paper, Norges Bank, number 2020/5, Jun.

Report NEP-MON-2021-03-01

This is the archive for NEP-MON, a report on new working papers in the area of Monetary Economics. Bernd Hayo issued this report. It is usually issued weekly.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-MON

The following items were announced in this report: