Report NEP-MON-2021-12-06

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:

• Pierpaolo Benigno & Paolo Canofari & Giovanni Di Bartolomeo & Marcello Messori, 2021. "The implementation and the rationale of the new inflation target of the ECB," Working Papers in Public Economics 205, University of Rome La Sapienza, Department of Economics and Law.
• Jin Cao & Valeriya Dinger & Tomas Gomez & Zuzana Gric & Martin Hodula & Alejandro Jara & Ragnar Juelsrud & Karolis Liaudinskas & Simona Malovana & Yaz Terajima, 2021. "Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates?," Working Papers 2021/6, Czech National Bank.
• Claudio Borio, 2021. "Back to the future: intellectual challenges for monetary policy," BIS Working Papers 981, Bank for International Settlements.
• Claudio Borio, 2021. "Navigating by r*: safe or hazardous?," BIS Working Papers 982, Bank for International Settlements.
• Julien Pinter, 2021. "Monetarist arithmetic at COVID-19 time: a take on how not to misapply the quantity theory of money," NIPE Working Papers 14/2021, NIPE - Universidade do Minho.
• Kjell G. Nyborg & Jiri Woschitz, 2021. "The Price of Money: How Collateral Policy Affects the Yield Curve," Swiss Finance Institute Research Paper Series 21-74, Swiss Finance Institute.
• Andrejs Zlobins, 2021. "On the Time-varying Effects of the ECB's Asset Purchases," Working Papers 2021/02, Latvijas Banka.
• Isaiah Hull & Or Sattath, 2021. "Revisiting the Properties of Money," Papers 2111.04483, arXiv.org, revised Nov 2021.
• Rashad Ahmed & Claudio Borio & Piti Disyatat & Boris Hofmann, 2021. "Losing traction? The real effects of monetary policy when interest rates are low," BIS Working Papers 983, Bank for International Settlements.
• Ricardo D. Brito & Robison F. Kudamatsu & Vladimir K. Teles, 2021. "Inflation Targeting Mattered: a multivariate synthetic control approach," Working Papers, Department of Economics 2021_26, University of São Paulo (FEA-USP).
• Boneva, Lena & Ferrucci, Gianluigi & Mongelli, Francesco Paolo, 2021. "To be or not to be “green”: how can monetary policy react to climate change?," Occasional Paper Series 285, European Central Bank.
• Kouvavas, Omiros & Osbat, Chiara & Reinelt, Timo & Vansteenkiste, Isabel, 2021. "Markups and inflation cyclicality in the euro area," Working Paper Series 2617, European Central Bank.
• Ryan Niladri Banerjee & José María Serena Garralda, 2021. "Dampening the financial accelerator? Direct lenders and monetary policy," BIS Working Papers 979, Bank for International Settlements.
• Stéphane Auray & Aurélien Eyquem, 2021. "Heterogeneity, convergence and imbalances in the Euro area," Post-Print hal-03394885, HAL.
• Jing Yuan & Yan Peng & Zongwu Cai & Zhengyi Zhang, 2021. "A Quantitative Evaluation to Interest Rate Marketization Reform in China," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202122, University of Kansas, Department of Economics.
• Edson Manguinhane & Felix F. Simione, 2021. "An Empirical Assessment of the Exchange Rate Pass-through in Mozambique," IMF Working Papers 2021/132, International Monetary Fund.
• Rustam Jamilov, 2021. "Social Capital and Monetary Policy," Economics Series Working Papers 952 JEL classification:, University of Oxford, Department of Economics.
• Mitsuru Katagiri & Koji Takahashi, 2021. "Do term premiums matter? Transmission via exchange rate dynamics," BIS Working Papers 971, Bank for International Settlements.
• Alexandre Corhay & Thilo Kind & Howard Kung & Gonzalo Morales, 2021. "Discount Rates, Debt Maturity, and the Fiscal Theory," Staff Working Papers 21-58, Bank of Canada.
• Pierpaolo Benigno & Paolo Canofari & Giovanni Di Bartolomeo & Marcello Messori, 2021. "Financial Dominance in the Pandemic and Post-Pandemic European Economy," Working Papers in Public Economics 206, University of Rome La Sapienza, Department of Economics and Law.
• Danilo Cascaldi-Garcia & Flora Haberkorn & Eli Nir, 2021. "International Measures of Common Inflation," FEDS Notes 2021-11-05-1, Board of Governors of the Federal Reserve System (U.S.).
• Grimaud, Alex, 2021. "Precautionary saving and un-anchored expectations," MPRA Paper 110651, University Library of Munich, Germany.
• Li, Ye & Li, Yi, 2021. "Payment Risk and Bank Lending," Working Paper Series 2021-17, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Takushi Kurozumi & Willem Van Zandweghe, 2021. "Macroeconomic Changes with Declining Trend Inflation: Complementarity with the Superstar Firm Hypothesis," Bank of Japan Working Paper Series 21-E-13, Bank of Japan.
• Phurichai Rungcharoenkitkul & Fabian Winkler, 2021. "The natural rate of interest through a hall of mirrors," BIS Working Papers 974, Bank for International Settlements.
• Emanuel Kohlscheen, 2021. "What does machine learning say about the drivers of inflation?," BIS Working Papers 980, Bank for International Settlements.
• Erik Feyen & Jon Frost & Harish Natarajan & Tara Rice, 2021. "What does digital money mean for emerging market and developing economies?," BIS Working Papers 973, Bank for International Settlements.
• Grimm, Niklas & Laeven, Luc & Popov, Alexander, 2021. "Quantitative easing and corporate innovation," Working Paper Series 2615, European Central Bank.
• Tosapol Apaitan & Pym Manopimoke & Nuwat Nookhwun & Jettawat Pattararangrong, 2021. "Heterogeneity in Exchange Rate Pass-through to Import Prices in Thailand: Evidence from Micro Data," PIER Discussion Papers 167, Puey Ungphakorn Institute for Economic Research.
• Simplice A. Asongu & Nathanael Ojong & Valentine B. Soumtang, 2021. "Central Banks’ responses to the Covid-19 pandemic: The case of the Bank of Central African States," Working Papers of the African Governance and Development Institute. 21/076, African Governance and Development Institute..
• Kaelo Mpho Ntwaepelo, 2021. "The Effects of Macroprudential and Monetary Policy Shocks in BRICS economies," Economics Discussion Papers em-dp2021-20, Department of Economics, University of Reading.
• Chavan, Sumit Sunil & Shafighi, Najla, 2021. "Exchange Rate Determination in Asia," MPRA Paper 110622, University Library of Munich, Germany.
• Pierpaolo Benigno & Paolo Canofari & Giovanni Di Bartolomeo & Marcello Messori, 2021. "The ECB's policy measures during the COVID-19 crisis," Working Papers in Public Economics 207, University of Rome La Sapienza, Department of Economics and Law.
• Raphael Auer & Jon Frost & Leonardo Gambacorta & Cyril Monnet & Tara Rice & Hyun Song Shin, 2021. "Central bank digital currencies: motives, economic implications and the research frontier," BIS Working Papers 976, Bank for International Settlements.
• Camille Cornand & Rodolphe Dos Santos Ferreira, 2021. "Central bank’s stabilization and communication policies when firms have motivated overconfidence in their own information accuracy or processing," Working Papers 2118, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
• Jonathan Rice, 2020. "Policy Uncertainty Shocks and Small Open Economies in Monetary Union: a Case Study of Ireland," Trinity Economics Papers tep1020, Trinity College Dublin, Department of Economics.
• Zhai, Weiyang, 2021. "“Impossible Trinity” Hypothesis: The causal Relation between Trilemma and Macro Policy Performance," MPRA Paper 110680, University Library of Munich, Germany.
• Omar Licandro & Francesca Vinci, 2021. "Potential output, the Taylor Rule and the Fed," Discussion Papers 2021/03, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
• Jabbie, Mohamed & Jackson, Emerson Abraham, 2020. "On the Validity of Purchasing Power Parity (PPP): The Case of Sierra Leone," MPRA Paper 110659, University Library of Munich, Germany, revised 05 Jun 2020.
• Mr. Zhongxia Jin & Haobin Wang & Yue Zhao, 2021. "Macroeconomic Impact of Foreign Exchange Intervention: Some Cross-country Empirical Findings," IMF Working Papers 2021/126, International Monetary Fund.
• Bluwstein, Kristina & Buckmann, Marcus & Joseph, Andreas & Kapadia, Sujit & Şimşek, Özgür, 2021. "Credit growth, the yield curve and financial crisis prediction: evidence from a machine learning approach," Working Paper Series 2614, European Central Bank.