Report NEP-MON-2025-01-13

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:

• Giang Nghiem & Lena Drager & Ami Dalloul, 2024, "Anchoring Households' Inflation Expectations when Inflation is High," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2024-70, Dec.
• De Polis, Andrea & Melosi, Leonardo & Petrella, Ivan, 2024, "The Taming of the Skew : Asymmetric Inflation Risk and Monetary Policy," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics, number 1530.
• Eduardo G. C. Amaral, 2024, "Smoothing the New-Keynesian Capital Puzzle," Working Papers Series, Central Bank of Brazil, Research Department, number 606, Nov.
• Jens Hilscher & Alon Raviv & Ricardo Reis, 2024, "How likely is an inflation disaster?," Discussion Papers, Centre for Macroeconomics (CFM), number 2437, Sep.
• Yudai Hatayama & Yuto Iwasaki, 2024, "Estimating the Natural Yield Curve in Japan Using a VAR with Common Trends," Bank of Japan Working Paper Series, Bank of Japan, number 24-E-17, Dec.
• Jonathon Hazell & Stephan Hobler, 2024, "Do Deficits Cause Inflation? A High Frequency Narrative Approach," Discussion Papers, Centre for Macroeconomics (CFM), number 2439, Sep.
• Rakesh Arora & Han Du & Raza Ali Kazmi & Duc-Phong Le, 2025, "Privacy-Enhancing Technologies for CBDC Solutions," Discussion Papers, Bank of Canada, number 2025-01, Jan, DOI: 10.34989/sdp-2025-1.
• Bhattacharjee, A. & Holly, S. & Wasseja, M., 2024, "Network Structures and Heterogeneity in Policy Preferences at the FOMC," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2469, Dec.
• Atsuki Hirata & Sohei Kaihatsu & Yoshiyasu Kasai & Hiroki Yamamoto & Jouchi Nakajima, 2024, "Effects and Side Effects of Unconventional Monetary Policy: A Shadow Rate Approach," Bank of Japan Working Paper Series, Bank of Japan, number 24-E-21, Dec.
• Noam Ben-Ze’ev & Sigal Ribon & Roy Stein, 2024, "Monetary Policy and the Mutual Fund Market: Funding and Liquidity," Bank of Israel Working Papers, Bank of Israel, number 2024.11, Sep.
• Wildmer Daniel Gregori & Ângelo Ramos, 2024, "Time-varying effects of monetary and macroprudential policies: does high inflation matter?," Working Papers, Banco de Portugal, Economics and Research Department, number w202401.
• Alex Ilek & Nimrod Cohen & Yaakov Chen-Zion, 2024, "Assessing the Impact of Monetary and Macroprudential Policies on Israel's Housing Market: A DSGE Model Approach," Bank of Israel Working Papers, Bank of Israel, number 2024.14, Nov.
• Arata ITO & Masahiro SATO & Rui OTA, 2024, "Content-based Metric on Monetary Policy Uncertainty by Using Large Language Models," Discussion papers, Research Institute of Economy, Trade and Industry (RIETI), number 24080, Dec.
• Item repec:fip:fedawp:99169 is not listed on IDEAS anymore

• Ichiro Fukunaga & Yoshihiko Hogen & Yoichi Ueno, 2024, "Japan's Economy and Prices over the Past 25 Years: Past Discussions and Recent Issues," Bank of Japan Working Paper Series, Bank of Japan, number 24-E-14, Dec.
• Gilligan, Daniel O. & Herskowitz, Sylvan & Roy, Shalini & de Brauw, Alan, 2024, "Catalyzing financial inclusion: Using incentives to promote mobile money use in Ethiopia," IFPRI discussion papers, International Food Policy Research Institute (IFPRI), number 2295.
• James Antwis, 2024, "Comparing services inflation in New Zealand to abroad," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2024/04, Jun.
• Lydia Dudson, 2024, "Decomposing supply and demand driven retail inflation in New Zealand," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2024/05, Jun.
• Sayag, Doron & Snir, Avichai & Levy, Daniel, 2024, "Price Setting Rules, Rounding Tax, and Inattention Penalty," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 306479.
• Patrice T. Robitaille & Brent Weisberg & Tony Zhang, 2024, "How Well-Anchored are Long-term Inflation Expectations in Latin America?," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2024-12-20-2, Dec, DOI: 10.17016/2380-7172.3636.
• Melissa van Rensburg, 2023, "Long-run trends in New Zealand’s real neutral interest rate," Treasury Analytical Notes Series, New Zealand Treasury, number an23/05, Aug.
• Kota Ikkatai & Takuji Kawamoto & Kenichi Sakura, 2024, "Japan's Unconventional Monetary Policy and the Exchange Rate Dynamics," Bank of Japan Working Paper Series, Bank of Japan, number 24-E-23, Dec.
• Andres Blanco & Corina Boar & Callum J. Jones, 2024, "Nonlinear Dynamics in Menu Cost Economies? Evidence from U.S. Data," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 2024-11, Sep, DOI: 10.29338/wp2024-11.
• Itamar Caspi & Nadav Eshel & Nimrod Segev, 2024, "The Mortgage Cash-Flow Channel: How Rising Interest Rates Impact Household Consumption," Bank of Israel Working Papers, Bank of Israel, number 2024.13, Sep.
• Zhesheng Qiu & Yicheng Wang & Le Xu & Francesco Zanetti, 2025, "Monetary Policy in Open Economies with Production Networks," Discussion Papers, Centre for Macroeconomics (CFM), number 2501, Jan.
• Pedro Teles & Oreste Tristani, 2024, "The Monetary Financing of a Large Fiscal Shock," Working Papers, Banco de Portugal, Economics and Research Department, number w202403.
• Milutin Jesic & Hans Manner, 2024, "What Determines the Success of the ECB's Monetary Policy," Graz Economics Papers, University of Graz, Department of Economics, number 2024-17, Nov.
• Ding Dong & Zheng Liu & Pengfei Wang & Min Wei, 2024, "Inflation Disagreement Weakens the Power of Monetary Policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2024-094, Dec, DOI: 10.17016/FEDS.2024.094.
• Lukasz Grzybowski & Valentin Lindlacher & Onkokame Mothobi, 2024, "Interoperability between mobile money agents and choice of network operators: the case of Tanzania," Working Papers, Faculty of Economic Sciences, University of Warsaw, number 2024-22.
• Ambrocio, Gene & Haavio, Markus & McClung, Nigel, 2024, "Monetary policy announcements and sacrifice ratios," Bank of Finland Research Discussion Papers, Bank of Finland, number 12/2024.
• Lawrence J. Christiano & Martin S. Eichenbaum & Benjamin K. Johannsen, 2024, "Substitution Bias and Fixed-Weight Price Indices in Time-Dependent Pricing Models," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2024-095r1, Dec, revised 08 Apr 2025, DOI: 10.17016/FEDS.2024.095r1.
• Morshed, Monzur, 2024, "Current Economic Trends and Inflationary Pressures in Bangladesh," SocArXiv, Center for Open Science, number pe9tm, Dec, DOI: 10.31219/osf.io/pe9tm.
• Fatih Altunok & Yavuz Arslan & Steven Ongena, 2024, "Monetary Policy Transmission with Adjustable and Fixed-Rate Mortgages: The Role of Credit Supply," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 24-65, Nov.
• Gerelmaa Bayarmagnai & Punnoose Jacob, 2024, "A Bernanke-Blanchard model decomposition of New Zealand inflation: The pandemic and beyond," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2024/03, Jun.
• Boris Hofmann & Cristina Manea & Benoit Mojon, 2024, "Targeted Taylor rules: some evidence and theory," BIS Working Papers, Bank for International Settlements, number 1234, Dec.
• Geoffrey R. Dunbar, 2024, "How Preferences, Monetary Policy and Household Inflation," Staff Working Papers, Bank of Canada, number 24-45, Nov, DOI: 10.34989/swp-2024-45.
• Mr. JaeBin Ahn & Euihyun Bae & Jing Zhou, 2024, "The Role of Corporate Cash Holdings in the Transmission of Monetary Policy Tightening," IMF Working Papers, International Monetary Fund, number 2024/245, Nov.
• Diessner, Sebastian, 2024, "Monetary-Fiscal Interactions and the Problem of Outdated Commitments: Eurozone Crisis Versus Covid-19," OSF Preprints, Center for Open Science, number vwrgs, Dec, DOI: 10.31219/osf.io/vwrgs.
• Federle, Jonathan-Julian & Mohr, Cathrin & Schularick, Moritz, 2024, "Inflation surprises and election outcomes," Kiel Working Papers, Kiel Institute for the World Economy, number 2278.
• Fiorella De Fiore & Alexis Maurin & Andrej Mijakovic & Damiano Sandri, 2024, "Monetary policy in the news: communication pass-through and inflation expectations," BIS Working Papers, Bank for International Settlements, number 1231, Dec.
• Cormun, Vito & Ristolainen, Kim, 2024, "Exchange rate narratives," Bank of Finland Research Discussion Papers, Bank of Finland, number 11/2024.
• Allayioti, Anastasia & Gόrnicka, Lucyna & Holton, Sarah & Martínez Hernández, Catalina, 2024, "Monetary policy pass-through to consumer prices: evidence from granular price data," Working Paper Series, European Central Bank, number 3003, Dec.
• Rodrigo Barbone Gonzalez & Bernardus F. Nazar Van Doornik & João Barata R. B. Barroso, 2024, "Macroprudential, Monetary Policy Synergies and Credit Supply: evidence from matched bank-firm loan-level data in Brazil," Working Papers Series, Central Bank of Brazil, Research Department, number 607, Nov.
• Maybrit Wachter & Christian R. Proano & Juan Carlos Pena, 2024, "How Fitting is "one-size-fits-all"? Revisiting the Dynamic Effects of ECB's Interest Policy on Euro Area Countries," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2024-77, Dec.
• Item repec:fip:fedawp:99183 is not listed on IDEAS anymore

• Joao Guerreiro & Jonathon Hazell & Chen Lian & Christina Patterson, 2024, "Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs," Discussion Papers, Centre for Macroeconomics (CFM), number 2440, Sep.
• Angeloni, Ignazio, 2024, "Assessing the ECB's monetary policy stance by comparing tightening cycles," SAFE White Paper Series, Leibniz Institute for Financial Research SAFE, number 108.
• Ehrmann, Michael, 2024, "Trust in central banks," Working Paper Series, European Central Bank, number 3006, Dec.
• Knut Are Aastveit & Hilde C. Bjornland & Jamie L. Cross & Helene Olsen Kalstad, 2024, "Unveiling inflation: Oil Shocks, Supply Chain Pressures, and Expectations," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2024-68, Nov.
• Fengler, Matthias & Koeniger, Winfried & Minger, Stephan, 2025, "The Transmission of Monetary Policy to the Cost of Hedging," Economics Working Paper Series, University of St. Gallen, School of Economics and Political Science, number 2501, Jan.
• Walter Engert & Oleksandr Shcherbakov & André Stenzel, 2024, "CBDC in the Market for Payments at the Point of Sale: Equilibrium Impact and Incumbent Responses," Staff Working Papers, Bank of Canada, number 24-52, Dec, DOI: 10.34989/swp-2024-52.
• Verona, Fabio, 2025, "From waves to rates: Enhancing inflation forecasts through combinations of frequency-domain models," Bank of Finland Research Discussion Papers, Bank of Finland, number 1/2025.
• Mitchener, Kris James & Wandschneider, Kirsten, 2024, "Currency Wars and Trade," CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE), number 740.
• Rachael Grant & Kate Poskitt, 2024, "Financial market reaction to monetary policy surprises," Reserve Bank of New Zealand Analytical Notes series, Reserve Bank of New Zealand, number AN2024/08, Sep.
• Andres Blanco & Corina Boar & Callum J. Jones & Virgiliu Midrigan, 2024, "The Inflation Accelerator," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 12, Sep, DOI: 10.29338/wp2024-12.
• Ms. Nan Li & Sergii Meleshchuk, 2024, "Bilateral Trade in Services and Exchange Rates: Evidence of Dominant Currency Pricing," IMF Working Papers, International Monetary Fund, number 2024/242, Nov.
• Zhesheng Qiu & Yicheng Wang & Le Xu & Francesco Zanetti, 2025, "Monetary Policy in Open Economies with Production Networks," Economics Series Working Papers, University of Oxford, Department of Economics, number 1064, Jan.
• Honkapohja, Seppo & McClung, Nigel, 2024, "Average inflation targeting in Calvo model with imperfect knowledge and learning," Bank of Finland Research Discussion Papers, Bank of Finland, number 13/2024.
• Sohei Kaihatsu & Shogo Nakano & Hiroki Yamamoto, 2024, "Macroeconomic Impact of Shifts in Long-term Inflation Expectations," Bank of Japan Working Paper Series, Bank of Japan, number 24-E-18, Dec.
• Andres Blanco & Corina Boar & Callum J. Jones & Virgiliu Midrigan, 2024, "Nonlinear Inflation Dynamics in Menu Cost Economies," FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta, number 10, Sep, DOI: 10.29338/wp2024-10.
• Bauer, Michael D. & Offner, Eric A. & Rudebusch, Glenn D., 2024, "Green stocks and monetary policy shocks: Evidence from Europe," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 215.
• Shira Buzaglo-Baris, 2024, "Wage and Price Inflation: An Industry-Level Study," Bank of Israel Working Papers, Bank of Israel, number 2024.09, Sep.
• Guangling Liu & Marrium Mustapher, 2024, "Spillover effects of the recent US monetary policy shocks on the South African economy: The role of monetary and fiscal policy coordination," WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER), number wp-2024-68.
• Wilmer Martínez-Rivera & Edgar Caicedo-García & Juan Bonilla-Pérez, 2025, "Instantaneous Inflation as a Predictor of Inflation," Borradores de Economia, Banco de la Republica de Colombia, number 1296, Jan, DOI: 10.32468/be.1296.
• Michael D. Bordo & Edward Simpson Prescott, 2025, "Federal Reserve Structure, Economic Ideas, and Banking Policy During the "Quiet Period" in Banking," Working Papers, Federal Reserve Bank of Cleveland, number 25-01, Jan, DOI: 10.26509/frbc-wp-202501.
• Simon C. Smith & Alexander L. Wolman, 2024, "New tools to monitor inflation in real time," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2024-12-20-3, Dec, DOI: 10.17016/2380-7172.3617.
• Claudio Borio, 2024, "Whither inflation targeting as a global monetary standard?," BIS Working Papers, Bank for International Settlements, number 1230, Dec.
• J. Scott Davis & Andrei Zlate, 2024, "Real Exchange Rates and the Global Financial Cycle," Working Papers, Federal Reserve Bank of Dallas, number 2416, Nov, revised 20 May 2025, DOI: 10.24149/wp2416r1.
• Lukasz Grzybowski & Valentin Lindlacher & Onkokame Mothobi, 2024, "Mobile money and financial inclusion in Sub-Saharan Africa," Working Papers, Faculty of Economic Sciences, University of Warsaw, number 2024-20.

Report NEP-MON-2025-01-13

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: