Report NEP-MON-2023-06-26

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:

• Dietrich, Alexander M., 2023, "Consumption categories, household attention, and inflation expectations: Implications for optimal monetary policy," University of Tübingen Working Papers in Business and Economics, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics, number 157, DOI: 10.15496/publikation-79702.
• Tatar, Balint, 2023, "Has the reaction function of the European Central Bank changed over time?," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 183.
• Jackson, Emerson Abraham & Barrie, Mohamed Samba & Tamuke, Edmund, 2023, "Effectiveness of the Interest Rate Channel of Monetary Policy Transmission Mechanism in Sierra Leone," MPRA Paper, University Library of Munich, Germany, number 117478, May, revised 06 May 2023.
• Danny Hermawan Adiwibowo & Aryo Sasongko & Denny Lie, 2022, "Money Velocity, Digital Currency, And Inflation Dynamics," Working Papers, Bank Indonesia, number WP/13/2022.
• Julien Pinter & Evžen Kocenda & Evžen Kočenda, 2023, "Media Treatment of Monetary Policy Surprises and Their Impact on Firms’ and Consumers’ Expectations," CESifo Working Paper Series, CESifo, number 10413.
• Taniya Ghosh & Abhishek Gorsi, 2023, "Money and output asymmetry: The Unintended consequences of central banks' obsession with inflation," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2023-07, May.
• Stéphane Dées & Alessandro Galesi, 2021, "The Global Financial Cycle and Us Monetary Policy in An Interconnected World," Post-Print, HAL, number hal-03777416, Jul, DOI: 10.1016/j.jimonfin.2021.102395.
• Rashad Ahmed & Joshua Aizenman & Jamel Saadaoui & Gazi Salah Uddin, 2023, "On the Effectiveness of Foreign Exchange Reserves during the 2021-22 U.S. Monetary Tightening Cycle," Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg, number 2023-13.
• Maximilian Ahrens & Deniz Erdemlioglu & Michael McMahon & Christopher J. Neely & Xiye Yang, 2023, "Mind Your Language: Market Responses to Central Bank Speeches," Working Papers, Federal Reserve Bank of St. Louis, number 2023-013, May, revised 28 Sep 2024, DOI: 10.20955/wp.2023.013.
• Fabo, Brian & Jancoková, Martina & Kempf, Elisabeth & Pástor, éLuboés, 2023, "Fifty shades of QE: Robust evidence," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 181.
• Giordano, Matteo & Goghie, Alexandru-Stefan, 2023, "From Policy to Regime: the changing posture of the ECB between liquidity and collateral through the lens of Monetary Regime," SocArXiv, Center for Open Science, number rw3ms, May, DOI: 10.31219/osf.io/rw3ms.
• Grodecka-Messi, Anna & Zhang, Xin, 2023, "Private Bank Money vs Central Bank Money: A Historical Lesson for CBDC Introduction," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 424, Jun, revised 01 Jul 2023.
• Tarishi Matsuoka & Makoto Watanabe, 2023, "A Monetary Equilibrium with the Lender of Last Resort," CESifo Working Paper Series, CESifo, number 10439.
• Pietro Alessandrini & Òscar Jordà & Fabrizio Venditti, 2023, "Decomposing the Monetary Policy Multiplier," Working Paper Series, Federal Reserve Bank of San Francisco, number 2023-14, May, DOI: 10.24148/wp2023-14.
• Giancarlo Corsetti & Paul Bergin, 2023, "The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?," RSCAS Working Papers, European University Institute, number 2023/17, Mar.
• Petrevski, Goran, 2023, "Determinants of Inflation Targeting: A Survey of Empirical Literature," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 271121.
• Solikin M. Juhro & Denny Lie & Atet Rizki Wijoseno & Mohammad Aly Fikry, 2022, "Fiscal Policy Stance, Central Bank Digital Currency, And The Optimal Monetary-Macroprudential Policy Mix," Working Papers, Bank Indonesia, number WP/01/2022.
• Mochhoury, Sarah, 2023, "Central bank communication and trust: an experimental study on the European Central Bank and the general public," Working Paper Series, European Central Bank, number 2824, Jun.
• Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2022, "Exchange Rate Misalignment and External Imbalances: What is the Optimal Monetary Policy Response?," RSCAS Working Papers, European University Institute, number 2022/71, Nov.
• Bennett Schmanski & Chiara Scotti & Clara Vega, 2023, "Fed Communication, News, Twitter, and Echo Chambers," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2023-036, May, DOI: 10.17016/FEDS.2023.036.
• Item repec:zbw:euvwdp:429 is not listed on IDEAS anymore

• Max Sina Knicker & Karl Naumann-Woleske & Jean-Philippe Bouchaud & Francesco Zamponi, 2023, "Post-COVID Inflation & the Monetary Policy Dilemma: An Agent-Based Scenario Analysis," Papers, arXiv.org, number 2306.01284, Jun, revised May 2025.
• Niels-Jakob H. Hansen & Alessandro Lin & Rui C. Mano, 2023, "Should inequality factor into central banks’ decisions?," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area, number 1410, Apr.
• Andrea Ajello & Diego Silva & Travis Adams & Francisco Vazquez-Grande, 2023, "More than Words: Twitter Chatter and Financial Market Sentiment," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2023-034, May, DOI: 10.17016/FEDS.2023.034.
• Carlos Casacuberta & Omar Licandro, 2023, "On the Pass-Through of Large Devaluations," CESifo Working Paper Series, CESifo, number 10401.
• Simplice A. Asongu & Nicholas M. Odhiambo, 2023, "Female unemployment, mobile money innovations and doing business by females," Working Papers, European Xtramile Centre of African Studies (EXCAS), number 23/033, Jan.
• Angeloni, Ignazio, 2023, "The digital euro: A precautionary device, not a deus ex machina," SAFE Policy Letters, Leibniz Institute for Financial Research SAFE, number 99.
• Kwan, Simon H. & Ulate, Mauricio & Voutilainen, Ville, 2023, "The transmission of negative nominal interest rates in Finland," Bank of Finland Research Discussion Papers, Bank of Finland, number 6/2023.
• Petar Soric & Enric Monte & Salvador Torra & Oscar Claveria, 2022, "“Density forecasts of inflation using Gaussian process regression models”," AQR Working Papers, University of Barcelona, Regional Quantitative Analysis Group, number 202207, Jul, revised Jul 2022.
• Arnaud Cedric Kamkoum, 2023, "The Federal Reserve's Response to the Global Financial Crisis and Its Long-Term Impact: An Interrupted Time-Series Natural Experimental Analysis," Papers, arXiv.org, number 2305.12318, May.
• Gara Afonso & Catherine Huang & Marco Cipriani & Gabriele La Spada, 2023, "Banks’ Balance-Sheet Costs and ON RRP Investment," Liberty Street Economics, Federal Reserve Bank of New York, number 20230518, May.
• Javier G. Gómez-Pineda & Andrés Murcia & Wilmar Alexander Cabrera-Rodríguez & Hernando Vargas-Herrera & Leonardo Villar-Gómez, 2023, "The monetary and macroprudential policy framework in Colombia in the last 30 years: the lessons learnt and the challenges for the future," Borradores de Economia, Banco de la Republica de Colombia, number 1238, Jun, DOI: 10.32468/be.1238.
• Emilio Ocampo & Nicolás Cachanosky, 2023, "Dollarization dynamics: A comment," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 855, Jun.
• Wahyoe Soedarmono & Iman Gunadi & Fiskara Indawan & Carla Sheila Wulandari, 2022, "The Dynamics Of Foreign Capital Flows In Indonesia: Sources And Implications On Bond Market And Bank Stability," Working Papers, Bank Indonesia, number WP/03/2022.
• Giancarlo Corsetti & Gergely Buda & Vasco M. Carvalho, 2023, "Short and Variable Lags," RSCAS Working Papers, European University Institute, number 2023/22, Mar.
• Horn, Sebastian & Parks, Bradley & Reinhart, Carmen M. & Trebesch, Christoph, 2023, "China as an international lender of last resort," Kiel Working Papers, Kiel Institute for the World Economy, number 2244.
• Batista, Catia & Vicente, Pedro C., 2023, "Is Mobile Money Changing Rural Africa? Evidence from a Field Experiment," IZA Discussion Papers, IZA Network @ LISER, number 16101, Apr.
• Enzo Dia & David VanHoose, 2022, "Unconventional-Policy Spillovers of U.S. Interest on Reserves within Global Dollar-Denominated Retail Loan and Deposit Markets," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC), number crn2203.
• Zheng Liu & Mark M. Spiegel & Jingyi Zhang, 2023, "Targeted Reserve Requirements for Macroeconomic Stabilization," Working Paper Series, Federal Reserve Bank of San Francisco, number 2023-13, Nov, DOI: 10.24148/wp2023-13.
• Pédussel Wu, Jennifer & Metzger, Martina & Neira, Ignacio Silva & Farroukh, Arafet, 2023, "What determines demand for digital community currencies? OurVillage in Cameroon," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 209/2023.
• Peist, Moritz Manuel, 2023, "Original sin and the CFA Franc: A case study of the West African Economic and Monetary Union," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 210/2023.
• Ozge Akinci & Gianluca Benigno & Marco Del Negro & Ethan Nourbash & Albert Queraltó, 2023, "Financial Vulnerability and Macroeconomic Fragility," Liberty Street Economics, Federal Reserve Bank of New York, number 20230522, May.
• Horan, Aoife & Jarmulska, Barbara & Ryan, Ellen, 2023, "Asset prices, collateral and bank lending: the case of Covid-19 and real estate," Working Paper Series, European Central Bank, number 2823, Jun.
• Crozet, Matthieu & Hinz, Julian & Trionfetti, Federico, 2023, "Exchange rate pass-around," Kiel Working Papers, Kiel Institute for the World Economy, number 2247.
• Bertsch, Christoph, 2023, "Stablecoins: Adoption and Fragility," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 423, May, revised 01 Dec 2025.

Report NEP-MON-2023-06-26

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: