Report NEP-MON-2025-05-26

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.

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Other reports in NEP-MON

The following items were announced in this report:

• Dräger, Lena & Gründler, Klaus & Potrafke, Niklas, 2025. "Peer Effects in Macroeconomic Expectations," Hannover Economic Papers (HEP) dp-739, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
• Breckenfelder, Johannes & Schepens, Glenn, 2025. "From purchases to exit: central bank interventions in corporate debt markets," Working Paper Series 3055, European Central Bank.
• Pedro Henrique Alves Pereira, 2025. "Optimal Inflation Targeting," Working Papers Series 623, Central Bank of Brazil, Research Department.
• van 't Klooster, Jens, 2025. "Overcoming myopia in the ECB's 2025 monetary policy strategy review," Papers 317066, Dezernat Zukunft - Institute for Macrofinance, Berlin.
• Uraku Yoshimoto & Kiyotaka Sato & Takatoshi Ito & Junko Shimizu & Yushi Yoshida & Taiyo Yoshimi, 2025. "The Myth of U.S. Dollar Dominance in Japanese Exports: New Evidence from Japanese Customs Level Data," NBER Working Papers 33748, National Bureau of Economic Research, Inc.
• Vera Baye & Valeriya Dinger, 2025. "Monetary Policy and Real Estate Price Distortions: How Bank Lending Amplifies Housing Market Imbalances," IEER Working Papers 126, Institute of Empirical Economic Research, Osnabrueck University.
• Piyali Das & Chetan Ghate & Subhadeep Halder, 2025. "Fiscal Dominance and the Maturity Structure of Debt," CAMA Working Papers 2025-29, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Efrem Castelnuovo & Giovanni Pellegrino & Laust L. Særkjær, 2025. "The Inflation Uncertainty Amplifier," CESifo Working Paper Series 11853, CESifo.
• Flores Zendejas, Juan & Nodari, Gianandrea, 2025. "Globalization 2.0: The Geopolitics of the US Exchange Stabilization Fund, 1934-1945," Working Papers unige:185041, University of Geneva, Paul Bairoch Institute of Economic History.
• Mitsuru Katagiri & Yusuke Oh & Yasutaka Ogawa & Nao Sudo & Takeki Sunakawa, 2024. "On the Interaction between Monetary and Fiscal Policy: Developments in Macroeconomics since the Global Financial Crisis," IMES Discussion Paper Series 24-E-12, Institute for Monetary and Economic Studies, Bank of Japan.
• C. Labrousse & Y. Perdereau, 2025. "Balance sheet policies and Central Bank losses in a HANK model," Documents de Travail de l'Insee - INSEE Working Papers 2025-10, Institut National de la Statistique et des Etudes Economiques.
• Sumit Agarwal & Sergio Mayordomo & María Rodríguez-Moreno & Emanuele Tarantino, 2025. "Household Heterogeneity and the Lending Channel of Monetary Policy," Working Papers 2524, Banco de España.
• Aurélien Goutsmedt & Francesco Sergi & François Claveau & Clément Fontan, 2025. "Not a steamroller, a 3D process: Scientization at the Bank of England," Post-Print hal-04267004, HAL.
• Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2025. "Tradeoffs over Rate Cycles: Activity, Inflation and the Price Level," CAMA Working Papers 2025-30, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ozili, Peterson K, 2025. "Determinants of Financial Inclusion in Nigeria: The Monetary Policy and Banking Sector Factors," MPRA Paper 124265, University Library of Munich, Germany.
• Takemasa Oda, 2024. "A Quantitative Assessment of the Impact of Deflation in an Aging Economy," IMES Discussion Paper Series 24-E-14, Institute for Monetary and Economic Studies, Bank of Japan.
• Hiroshi Inokuma & Mitsuru Katagiri & Nao Sudo, 2024. "Innovation Choice, Product Life Cycles, and Optimal Trend Inflation," IMES Discussion Paper Series 24-E-17, Institute for Monetary and Economic Studies, Bank of Japan.
• Rodolfo E. Manuelli, 2025. "Optimal Monetarist Arithmetic or How to Inflate If You Must," Working Papers 2025-009, Federal Reserve Bank of St. Louis.
• António Afonso & Jorge Braga Ferreira, 2025. "The ECB's Pandemic Emergency Purchase Programme and Fiscal Policy: Synergies or Conflict?," Working Papers REM 2025/0378, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
• Kevin Lee & Viet Nguyen & Kalvinder Shields, 2025. "Learning, Heuristics and Anchored Inflation: How Do Different Types of Consumer Change Their Minds about Inflation?," CAMA Working Papers 2025-28, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Nicolas de Roux & Laurent Ferrara, 2025. "Capturing international influences in U.S. monetary policy through a NLP approach," EconomiX Working Papers 2025-23, University of Paris Nanterre, EconomiX.
• Pablo Hernandez de Cos, 2025. "Lessons for the European Central Bank from the 2021-23 inflationary episode," Working Paper Series WP25-10, Peterson Institute for International Economics.
• Ralf R. Meisenzahl & Friederike Niepmann & Tim Schmidt-Eisenlohr, 2025. "The Dollar Channel of Monetary Policy Transmission," Working Paper Series WP 2025-06, Federal Reserve Bank of Chicago.
• Gr'egory Bournassenko, 2025. "On Bitcoin Price Prediction," Papers 2504.18982, arXiv.org.
• Huixin Bi & Andrew Foerster & Nora Traum, 2025. "Asset Purchases in a Monetary Union with Default and Liquidity Risks," Working Paper Series 2025-10, Federal Reserve Bank of San Francisco.
• Soares, Carla, 2025. "Liquidity dependencies in the euro area," Working Paper Series 3056, European Central Bank.
• Osoro, Jared & Talam, Camilla, 2025. "Monetary policy at the turn of financial markets: A forerunner or follower?," KBA Centre for Research on Financial Markets and Policy Working Paper Series 89, Kenya Bankers Association (KBA).
• Jessica Leutert & Rolf Scheufele & Selina Schön, 2025. "Wage-price pass-through in Switzerland," Working Papers 2025-06, Swiss National Bank.
• Ndwiga, David & Makunda, Geraldine, 2025. "Macroeconomic imbalances evolution and their effect on bank intermediation cost in Kenya," KBA Centre for Research on Financial Markets and Policy Working Paper Series 93, Kenya Bankers Association (KBA).
• Martin Chorzempa & Lukas Spielberger, 2025. "Significant, but not systemic: The challenge of China's efforts to rival Western financial predominance," Policy Briefs PB25-4, Peterson Institute for International Economics.
• Georgakas, Ioannis, 2025. "Support Policies and Inflationary Pressures: A Critical Review of 2020-2022 in the Light of the 2008 Experience," MPRA Paper 124405, University Library of Munich, Germany.
• Bill Dupor, 2025. "The Phillips Curve's and Relative Phillips Curve's Slopes: Why So Different?," Working Papers 2025-010, Federal Reserve Bank of St. Louis.
• Irigoin, Alejandra & Kobayashi, Atsushi & Chilosi, David, 2023. "China inside out: explaining silver flows in the triangular trade, c.1820s-1870s," LSE Research Online Documents on Economics 119759, London School of Economics and Political Science, LSE Library.
• Boddin , Dominik & te Kaat, Daniel Marcel & Roszbach , Kasper, 2025. "Cross-Border Bank Flows, Regional Household Credit Booms, and Bank Risk-Taking," ADB Economics Working Paper Series 779, Asian Development Bank.
• Zakaria Savon, 2025. "Credit-risk determinants of Islamic banks in Jordan: Macroeconomic conditions and monetary policy," Post-Print hal-05011821, HAL.
• Ozili, Peterson, 2025. "Can monetary and fiscal policy reduce CO2 emissions? Analysis of regional country groups," MPRA Paper 124261, University Library of Munich, Germany.
• Satoshi Kobayashi & Takeshi Shinohara & Shigenori Shiratsuka & Nao Sudo & Itofumi Takeuchi, 2024. "Measurement Errors in the Consumer Price Index: Perspectives on Numerical Targets for Price Stability in Major Economies," IMES Discussion Paper Series 24-E-16, Institute for Monetary and Economic Studies, Bank of Japan.
• Nuwat Nookhwun & Jettawat Pattararangrong & Phurichai Rungcharoenkitkul, 2025. "Exchange Rate Effects on Firm Performance: A NICER Approach," BIS Working Papers 1266, Bank for International Settlements.
• Kakuho Furukawa & Yoshihiko Hogen & Kazuki Otaka & Nao Sudo, 2024. "On the Zero-Inflation Norm of Japanese Firms," IMES Discussion Paper Series 24-E-15, Institute for Monetary and Economic Studies, Bank of Japan.
• Cameron Haas & Mateo Hoyos & Emiliano Libman & Guilherme K. Martins & Arslan Razmi, 2025. "Monetary Shocks and Inflation: Global Evidence from Trilemma-Based Identification," Working Papers DTE 650, CIDE, División de Economía.