Report NEP-MON-2025-03-03

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:

• Ozge Akinci & Martín Almuzara & Silvia Miranda-Agrippino & Ramya Nallamotu & Argia M. Sbordone & Greg Simitian & William Zeng, 2025, "Supply and Demand Drivers of Global Inflation Trends," Liberty Street Economics, Federal Reserve Bank of New York, number 20250227b, Feb.
• Natalie Burr, 2025, "Do inflation expectations respond to monetary policy? An empirical analysis for the United Kingdom," Bank of England working papers, Bank of England, number 1109, Jan.
• Ursel Baumann & Annalisa Ferrando & Dimitris Georgarakos & Yuriy Gorodnichenko & Timo Reinelt, 2025, "Do Inflation Expectations Become More Anchored During a Disinflation Episode? Evidence for Euro Area Firms," NBER Working Papers, National Bureau of Economic Research, Inc, number 33440, Feb.
• Ozge Akinci & Martín Almuzara & Silvia Miranda-Agrippino & Ramya Nallamotu & Argia M. Sbordone & Greg Simitian & William Zeng, 2025, "Global Trends in U.S. Inflation Dynamics," Liberty Street Economics, Federal Reserve Bank of New York, number 20250227a, Feb.
• Miruna-Daniela Ivan & Chiara Banti & Neil Kellard, 2025, "Liquidity, monetary policy and the commodity futures market," Bank of England working papers, Bank of England, number 1114, Jan.
• Yahia Amel, 2023, "Asymmetric transmission of monetary policy through interest rate, credit volumes and exchange rate channels Using Nonlinear Autoregressive Distributed Lags (NARDL) method: Evidence from Algeria," Post-Print, HAL, number halshs-04511900, Dec.
• Swapan-Kumar Pradhan & Viktors Stebunovs & Előd Takáts & Judit Temesvary, 2025, "Geopolitics Meets Monetary Policy: Decoding Their Impact on Cross-Border Bank Lending," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1403, Feb, DOI: 10.17016/IFDP.2025.1403.
• David Andolfatto & Fernando M. Martin, 2025, "Monetary Policy and the Great COVID-19 Price Level Shock," Working Papers, Federal Reserve Bank of St. Louis, number 2025-004, Feb, revised 28 Jul 2025, DOI: 10.20955/wp.2025.004.
• Jenny Chan, 2024, "Monetary policy and sentiment-driven fluctuations," Bank of England working papers, Bank of England, number 1106, Dec.
• Benjamin Hemingway, 2024, "The role of central bank digital currency in an increasingly digital economy," Bank of England working papers, Bank of England, number 1101, Dec.
• Ayhan Kose & Jongrim Ha & Dohan Kim & Prasad,Eswar S., 2024, "Resolving Puzzles of Monetary Policy Transmission in Emerging Markets," Policy Research Working Paper Series, The World Bank, number 10974, Nov.
• Wächter, Maybrit & Proano, Christian & Peña, Juan Carlos, 2024, "How fitting is "one-size-fits-all"? Revisiting the dynamic effects of ECB's interest policy on euro area countries," BERG Working Paper Series, Bamberg University, Bamberg Economic Research Group, number 199.
• Yushi Yoshida & Takatoshi Ito & Junko Shimizu & Kiyotaka Sato & Taiyo Yoshimi & Uraku Yoshimoto, 2025, "A Test of Dominant Currency Hypothesis: Evidence From a Non-USD-non-Euro Country," NBER Working Papers, National Bureau of Economic Research, Inc, number 33454, Feb.
• DiGiuseppe, Matthew & Garriga, Ana Carolina & Kern, Andreas, 2025, "Information, Party Politics, and Public Support for Central Bank Independence," SocArXiv, Center for Open Science, number trpgz_v1, Feb, DOI: 10.31219/osf.io/trpgz_v1.
• NAKAJIMA, Jouchi, 2025, "Impact of US Monetary Policy Spillovers and Yield Curve Control Policy," Discussion Paper Series, Institute of Economic Research, Hitotsubashi University, number 760, Feb.
• Mark M. Spiegel, 2025, "The Bank Lending Channel Is Back," Working Paper Series, Federal Reserve Bank of San Francisco, number 2025-04, Feb, DOI: 10.24148/wp2025-04.
• Kherchi Medjden & Hanya Meziani Elmahdi, 2023, "Impact Of Unconventional Financing On Economic Growth And Inflation In Algeria," Post-Print, HAL, number halshs-04521309, Dec.
• Iryna Kaminska & Alex Kontoghiorghes & Walker Ray, 2025, "QT versus QE: who is in when the central bank is out?," Bank of England working papers, Bank of England, number 1108, Jan.
• Fernando M. Martin, 2025, "The Road to 2% Inflation: Are We There Yet?," On the Economy, Federal Reserve Bank of St. Louis, number 99611, Feb.
• Shin-ichi Fukuda & Naoto Soma, , "The Evolution of Inflation Expectations in Japan," CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo, number CIRJE-F-1238.
• Klaus, Hendrik, 2025, "Germany's 1875 Banking Act and the genesis of a monetary framework: 1866-76," IBF Paper Series, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main, number 02-25.
• Georges Dionne & Akouété-Tognikin Fenou & Mohamed Mnasri, 2025, "The effect of inflation on US insurance markets," Working Papers, HEC Montreal, Canada Research Chair in Risk Management, number 25-1, Feb.
• Livia Silva Paranhos, 2024, "How do firms’ financial conditions influence the transmission of monetary policy? A non-parametric local projection approach," Bank of England working papers, Bank of England, number 1100, Dec.
• Khuderchuluun Batsukh & Nicolas Groshenny & Naveed Javed, 2025, "Monetary policy transmission and household indebtedness in Australia," TEPP Working Paper, TEPP, number 2025-02.
• Yu-Ting Chiang & Mick Dueholm & Ezra Karger, 2025, "Why Are Illiquid Households Affected More by Inflation?," On the Economy, Federal Reserve Bank of St. Louis, number 99553, Feb.
• Michael Salib & Mesha Ghazaleh, 2025, "The Bank of England’s statutory monetary policy objectives: a historical and legal account," Bank of England working papers, Bank of England, number 1110, Jan.
• Philippe Bracke & Matthew Everitt & Martina Fazio & Alexandra Varadi, 2024, "When refinancing meets monetary tightening: heterogeneous impacts on spending and debt via mortgage modifications," Bank of England working papers, Bank of England, number 1105, Dec.
• Garriga, Ana Carolina, 2025, "Revisiting Central Bank Independence in the World: An Extended Dataset," MPRA Paper, University Library of Munich, Germany, number 123578, Jan.
• Jean-Paul L’Huillier & Gregory Phelan, 2023, "Can Supply Shocks be Inflationary with a Flat Phillips Curve?," Working Papers, Office of Financial Research, US Department of the Treasury, number 23-03, Apr.
• Ganev, Georgy, 2025, "Should Bulgaria wait for 90% real convergence before joining the Eurozone?," MPRA Paper, University Library of Munich, Germany, number 123599, Feb.
• Francisco E. Ilabaca & Greta Meggiorini, 2023, "Trend Inflation Under Bounded Rationality," Working Papers, Office of Financial Research, US Department of the Treasury, number 23-09, Dec.
• Majchrowska, Aleksandra & Roszkowska, Sylwia, 2025, "Does aging matter in the impact of the minimum wage on inflation?," MPRA Paper, University Library of Munich, Germany, number 123506, Jan.
• Pablo Aguilar Perez, 2025, "Monetary Policy and Life Insurance Profitability: Bancassurance's Edge in a Low-Yield World," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2025-8.
• William Chen & Gregory Phelan, 2023, "Digital Currency and Banking-Sector Stability," Working Papers, Office of Financial Research, US Department of the Treasury, number 23-01, Mar.
• Philip Bunn & Lena Anayi & Nicholas Bloom & Paul Mizen & Gregory Thwaites & Ivan Yotzov, 2025, "How curvy is the Phillips curve?," Bank of England working papers, Bank of England, number 1107, Jan.
• Robert Czech & Win Monroe, 2025, "Dealers, information and liquidity provision in safe assets," Bank of England working papers, Bank of England, number 1113, Jan.
• Forbes,Kristin & Jongrim Ha & Ayhan Kose, 2024, "Rate Cycles," Policy Research Working Paper Series, The World Bank, number 10876, Aug.
• Michael Joyce & Andras Lengyel, 2024, "The yield curve impact of government debt issuance surprises and the implications for QT," Bank of England working papers, Bank of England, number 1097, Nov.
• KOUAKOU, Thiédjé Gaudens-Omer, 2025, "The effects of Basel III on the intermediation and market activities of WAEMU banks," MPRA Paper, University Library of Munich, Germany, number 123515, Jan.
• Ruth A. Judson, 2025, "Estimating the Volume of Counterfeit U.S. Currency in Circulation," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1404, Feb, DOI: 10.17016/IFDP.2025.1404.
• Masashige Hamano & Yuki Murakami, 2025, "Frequency and Severity of Current Account Reversals: An Analysis with a Rational Expectations Regime Switching DSGE Model," Working Papers, Waseda University, Faculty of Political Science and Economics, number 2422, Feb.
• Sinem Hacioğlu-Hoke & Daniel Ostry & Hélène Rey & Adrien Rousset Planat & Vania Stavrakeva & Jenny Tang, 2024, "Topography of the FX derivatives market: a view from London," Bank of England working papers, Bank of England, number 1103, Dec.
• Maître, Arnaud T. & Pugachyov, Nikolay & Weigert, Florian, 2025, "Twitter-based attention and the cross-section of cryptocurrency returns," CFR Working Papers, University of Cologne, Centre for Financial Research (CFR), number 25-02.

Report NEP-MON-2025-03-03

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: