Report NEP-MON-2021-12-20

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:

• Ozili, Peterson K, 2022, "Can central bank digital currency increase financial inclusion? Arguments for and against," MPRA Paper, University Library of Munich, Germany, number 110786.
• Dimitri B. Papadimitriou & L. Randall Wray, 2021, "Still Flying Blind after All These Years: The Federal Reserve's Continuing Experiments with Unobservables," Economics Public Policy Brief Archive, Levy Economics Institute, number ppb_156, Dec.
• William Craighead, 2021, "Exchange Rates and Monetary Policy When Tradable and Nontradable Goods are Complements," Working Papers, Department of Economics and Geosciences, US Air Force Academy, number 2021-01, Aug.
• Mr. Peter Stella & Mr. Manmohan Singh, 2021, "Some Alternative Monetary Facts," IMF Working Papers, International Monetary Fund, number 2021/006, Jan.
• Javier Bianchi & Guido Lorenzoni, 2021, "The Prudential Use of Capital Controls and Foreign Currency Reserves," NBER Working Papers, National Bureau of Economic Research, Inc, number 29476, Nov.
• van den End, Jan Willem & Konietschke, Paul & Samarina, Anna & Stanga, Irina M., 2021, "Macroeconomic reversal rate in a low interest rate environment," Working Paper Series, European Central Bank, number 2620, Dec.
• Chun-Che Chi & Stephanie Schmitt-Grohé & Martín Uribe, 2021, "Optimal Bank Reserve Remuneration and Capital Control Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 29473, Nov.
• Sebastian Edwards, 2021, "Central Bank Digital Currencies and The Emerging Markets: The Currency Substitution Challenge," NBER Working Papers, National Bureau of Economic Research, Inc, number 29489, Nov.
• Tsang, Andrew, 2021, "Uncovering Heterogeneous Regional Impacts of Chinese Monetary Policy," MPRA Paper, University Library of Munich, Germany, number 110703, Jul.
• Bańkowski, Krzysztof & Christoffel, Kai & Faria, Thomas, 2021, "Assessing the fiscal-monetary policy mix in the euro area," Working Paper Series, European Central Bank, number 2623, Dec.
• Santiago Camara, 2021, "Spillovers of US Interest Rates: Monetary Policy & Information Effects," Papers, arXiv.org, number 2111.08631, Nov, revised Feb 2023.
• Alexis Stenfors & Ioannis Chatziantoniou & David Gabauer, 2021, "The Evolution of Monetary Policy Focal Points," Working Papers in Economics & Finance, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, number 2021-10, Dec.
• Skouralis, Alexandros, 2021, "The role of systemic risk spillovers in the transmission of Euro Area monetary policy," ESRB Working Paper Series, European Systemic Risk Board, number 129, Dec.
• Marco Pinchetti & Andrzej Szczepaniak, 2021, "Global spillovers of the Fed information effect," Bank of England working papers, Bank of England, number 952, Nov.
• Joseph E. Gagnon & Madi Sarsenbayev, 2021, "Dollar Not So Dominant: Dollar Invoicing Has Only a Small Effect on Trade Prices," Working Paper Series, Peterson Institute for International Economics, number WP12-16, Dec.
• Fernando E. Alvarez & Andrea Ferrara & Erwan Gautier & Hervé Le Bihan & Francesco Lippi, 2021, "Empirical Investigation of a Sufficient Statistic for Monetary Shocks," NBER Working Papers, National Bureau of Economic Research, Inc, number 29490, Nov.
• Lilian Muchimba, 2021, "Could transaction-based financial benchmarks be susceptible to collusive behaviour?," Working Papers in Economics & Finance, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, number 2021-11, Dec.
• Chiara Fratto & Brendan Harnoys Vannier & Borislava Mircheva & David de Ferranti & Ms. Hélène Poirson, 2021, "Unconventional Monetary Policies in Emerging Markets and Frontier Countries," IMF Working Papers, International Monetary Fund, number 2021/014, Jan.
• Dávila, Eduardo & Walther, Ansgar, 2021, "Prudential policy with distorted beliefs," ESRB Working Paper Series, European Systemic Risk Board, number 130, Dec.
• Mr. Pragyan Deb & Miss Sanaa Nadeem & Mr. Shanaka J Peiris, 2021, "The Transmission of External Shocks in Asia: Country Characteristics and Policy Responses," IMF Working Papers, International Monetary Fund, number 2021/003, Jan.
• Mr. Gee Hee Hong & Ms. Deniz O Igan & Dongyeol Lee, 2021, "Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness," IMF Working Papers, International Monetary Fund, number 2021/044, Feb.
• Ojo, Marianne & Dierker, Theodore, 2021, "Monetary policy implications of deviations in inflation targeting: the need for a global cooperative, coordinated and correlated response," MPRA Paper, University Library of Munich, Germany, number 110935, Dec.
• Carlo Pizzinelli & Kotaro Ishi & Tariq Khan, 2021, "Assessing Banking and Currency Crisis Risk in Small States: An application to the Eastern Caribbean Currency Union," IMF Working Papers, International Monetary Fund, number 2021/276, Nov.
• Zaretski, Aliaksandr, 2021, "Financial constraints, risk sharing, and optimal monetary policy," MPRA Paper, University Library of Munich, Germany, number 110757, May.
• Mr. Jan Vlcek & Mikhail Pranovich, 2020, "Quarterly Projection Model for the National Bank of Rwanda," IMF Working Papers, International Monetary Fund, number 2020/295, Dec.
• Philippe Bacchetta & Elena Perazzi, 2021, "CBDC as Imperfect Substitute for Bank Deposits: A Macroeconomic Perspective," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-81, Dec.
• Faccia, Donata & Parker, Miles & Stracca, Livio, 2021, "Feeling the heat: extreme temperatures and price stability," Working Paper Series, European Central Bank, number 2626, Dec.
• Rösl, Gerhard & Seitz, Franz, 2021, "Cash demand in times of crises," Weidener Diskussionspapiere, University of Applied Sciences Amberg-Weiden (OTH), number 83.
• Tatsuru Kikuchi & Toranosuke Onishi & Kenichi Ueda, 2021, "Price Stability of Cryptocurrencies as a Medium of Exchange," Papers, arXiv.org, number 2111.08390, Nov.
• Mr. Simon T Gray, 2021, "Recognizing Reality—Unification of Official and Parallel Market Exchange Rates," IMF Working Papers, International Monetary Fund, number 2021/025, Feb.
• Katsutoshi Takehana & Hisashi Tanizaki, 2021, "How did the Complementary Deposit Facility affect commercial bank fs demand for reserve? Empirical analysis using bank fs financial data," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 21-17, Nov.
• Kento Yoshizawa & Kohei Maehashi & Hiroaki Yanagihara & Yoichi Kadogawa & Masakazu Inada, 2021, "Developments in Banknotes in Circulation since the Start of the Pandemic," Bank of Japan Review Series, Bank of Japan, number 21-E-6, Dec.
• Defina, Ryan, 2021, "Banking Resolution: Expansion of the Resolution Toolkit and the Changing Role of Deposit Insurers," MPRA Paper, University Library of Munich, Germany, number 110801, Aug.
• Sokol, Andrej, 2021, "Fan charts 2.0: flexible forecast distributions with expert judgement," Working Paper Series, European Central Bank, number 2624, Dec.
• E Philip Davis & Ka Kei Chan & Dilruba Karim, 2021, "Macroprudential Policy, Bank Competition and Bank Risk in East Asia," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 533, Dec.
• Katsutoshi Takehana & Hisashi Tanizaki, 2021, "Some issues related to the Japanese financial system raised by the amendment of Payment Act in 2020," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 21-18, Nov.
• Jonathan Bridges & Georgina Green & Mark Joy, 2021, "Credit, crises and inequality," Bank of England working papers, Bank of England, number 949, Nov.
• Jeanne, Olivier, 2021, "Rounding the corners of the trilemma: A simple framework," Economics Working Paper Archive, The Johns Hopkins University,Department of Economics, number 66655, Oct.
• Luca Benati & Juan-Pablo Nicolini, 2021, "The Welfare Costs of Inflation," Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft, number dp2113, Aug.
• Nick James & Kevin Chin, 2021, "On the systemic nature of global inflation, its association with equity markets and financial portfolio implications," Papers, arXiv.org, number 2111.11022, Nov, revised Jan 2022.
• Aye, Goodness, 2021, "Effect of Fiscal and Monetary Policies on Economic Activities in South Africa: The Role of Policy Uncertainty," 2021 Conference, August 17-31, 2021, Virtual, International Association of Agricultural Economists, number 314953, Aug, DOI: 10.22004/ag.econ.314953.
• Mehmet Guncavdi & Murat Kors & Elif Ozcan Tok, 2021, "Price transmission along the Turkish poultry and beef supply chains," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2130.
• Markkula, Tuomas & Takalo, Tuomas, 2021, "Competition and regulation in the Finnish ATM industry," BoF Economics Review, Bank of Finland, number 8/2021.
• Philippe Bacchetta & Margaret Davenport & Eric van Wincoop, 2021, "Can Sticky Portfolios Explain International Capital Flows and Asset Prices?," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-80, Dec.