Report NEP-MON-2025-06-09

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:

• Michael Ehrmann, 2024. "Trust in Central Banks," RBA Annual Conference Papers acp2024-04, Reserve Bank of Australia, revised May 2025.
• Aurélien Goutsmedt & Francesco Sergi, 2025. "Redefining scientization: Central banks between science and politics," Post-Print hal-04518367, HAL.
• Petrella Ivan & Santoro Emiliano & Winkelmann Yannik, 2025. "Inflation and Price Flexibility," Working papers 099, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
• Ferrando, Annalisa & Mulier, Klaas & Ongena, Steven & Delis, Manthos, 2025. "The poor, the rich, and the credit channel of monetary policy," Working Paper Series 3058, European Central Bank.
• Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2025. "Tradeoffs over Rate Cycles: Activity, Inflation and the Price Level," NBER Working Papers 33825, National Bureau of Economic Research, Inc.
• Escribano Sáez, Álvaro & Rodríguez Solano, Juan Andres & Arranz Cuesta, Miguel Angel, 2025. "40 Years of Empirical Evidence of Cointegration and Nonlinear Equilibrium Correction in UK Money Demand since the XIX Century," UC3M Working papers. Economics 47122, Universidad Carlos III de Madrid. Departamento de Economía.
• Francesco Ferlaino, 2025. "Effects of different financial frictions on households," Working Papers in Public Economics 263, Department of Economics and Law, Sapienza University of Roma.
• Hie Joo Ahn & Jeremy B. Rudd, 2025. "(Re-)Connecting Inflation and the Labor Market: A Tale of Two Curves," Finance and Economics Discussion Series 2024-050r1, Board of Governors of the Federal Reserve System (U.S.).
• Tiff Macklem & Jill Vardy, 2024. "20 Years of Central Bank Communications, and Lessons for the Future," RBA Annual Conference Papers acp2024-02, Reserve Bank of Australia, revised May 2025.
• Elliot Beck & Michael Wolf, 2025. "Forecasting inflation with the hedged random forest," Working Papers 2025-07, Swiss National Bank.
• Frost, Jon & Rochet, Jean-Charles & Shin, Huyn Song & Verdier, Marianne, 2025. "Competing digital monies," TSE Working Papers 25-1644, Toulouse School of Economics (TSE).
• Dibiasi, Andreas & Mikosch, Heiner & Sarferaz, Samad & Steinbach, Armin, 2025. "Fiscal Responses to Monetary Policy: Insights from a Survey of Government Officials," HEC Research Papers Series 1546, HEC Paris.
• Stefano Fasani & Valeria Patella & Giuseppe Pagano Giorgianni & Lorenza Rossi, 2025. "Belief Distortions and Disagreement about Inflation," Working Papers 423478673, Lancaster University Management School, Economics Department.
• Huberto M. Ennis & Elizabeth C. Klee, 2024. "The Fed's Discount Window in "Normal" Times," Finance and Economics Discussion Series 2021-016r1, Board of Governors of the Federal Reserve System (U.S.).
• Diego Bonelli & Berardino Palazzo & Ram Yamarthy, 2025. "Good inflation, bad inflation: implications for risky asset prices," Working Papers 2525, Banco de España.
• Alejandro Ferrer & Ana Molina, 2025. "The interaction of liquidity risk and bank solvency via asset monetisation mechanisms," Occasional Papers 2509, Banco de España.
• Jonathan J Adams & Philip Barrett, 2025. "The Term Structure of Monetary Policy News," Working Papers 001017, University of Florida, Department of Economics.
• Item repec:bis:biswps:1271 is not listed on IDEAS anymore

• Shovon Sengupta & Tanujit Chakraborty & Sunny Kumar Singh, 2024. "Forecasting CPI inflation under economic policy and geopolitical uncertainties," Post-Print hal-05056934, HAL.
• Vyacheslav Fos & Nancy R. Xu, 2025. "When Do FOMC Voting Rights Affect Monetary Policy?," NBER Working Papers 33762, National Bureau of Economic Research, Inc.
• Biais, Bruno & Rochet, Jean-Charles & Villeneuve, Stéphane, 2025. "Do cryptocurrencies matter?," TSE Working Papers 25-1643, Toulouse School of Economics (TSE).
• Lawrence J. Christiano & Martin S. Eichenbaum & Benjamin K. Johannsen, 2025. "Substitution Bias and Fixed-Weight Price Indices in Time-Dependent Pricing Models," Finance and Economics Discussion Series 2024-095r1, Board of Governors of the Federal Reserve System (U.S.).
• Sally Auld, 2024. "Perspectives from a Consumer of Central Bank Communication," RBA Annual Conference Papers acp2024-03, Reserve Bank of Australia, revised May 2025.
• Alex Chernoff & Allen Head & Beverly Lapham, 2024. "Consumer Search, Productivity Heterogeneity, Prices, Markups, and Pass-through: Theory and Estimation," Working Paper 1523, Economics Department, Queen's University.
• Ranim Assi & Zacharias Maniadis & Sotiris Georganas, 2025. "Hyperinflation Expectations: An Experimental Study," University of Cyprus Working Papers in Economics 01-2025, University of Cyprus Department of Economics.
• Jonathan Witmer, 2025. "The Optimum Quantity of Central Bank Reserves," Staff Working Papers 25-15, Bank of Canada.
• Lang, Jan Hannes & Rusnák, Marek & Herbst, Tobias, 2025. "The impact of monetary policy and macroprudential policy on corporate lending rates in the Euro area," Working Paper Series 3057, European Central Bank.
• Morshed, Monzur & Wallace, Jack, 2025. "Dollarization and Macroeconomic Stability: Lessons from Argentina, Ecuador, and Lebanon," OSF Preprints ayh3e_v1, Center for Open Science.
• Ryan Niladri Banerjee & Jon Frost & Michael Chui & Jose Maria Vidal Pastor, 2025. "Elasticity in the monetary system," BIS Bulletins 101, Bank for International Settlements.
• Acosta Henao, Miguel & Amado, María Alejandra & Pérez Reyna, David & Martí, Montserrat, 2025. "Heterogeneous UIPDs Across Firms: Spillovers from U.S. Monetary Policy Shocks," Documentos CEDE 21387, Universidad de los Andes, Facultad de Economía, CEDE.
• Sona Benecka, 2025. "Forecasting Disaggregated Producer Prices: A Fusion of Machine Learning and Econometric Techniques," Working Papers 2025/2, Czech National Bank, Research and Statistics Department.
• Michael Stutchbury, 2024. "The Evolution of Central Bank Communications," RBA Annual Conference Papers acp2024-06, Reserve Bank of Australia, revised May 2025.
• Connor M. Brennan & Margaret M. Jacobson & Christian Matthes & Todd B. Walker, 2024. "Monetary Policy Shocks: Data or Methods?," Finance and Economics Discussion Series 2024-011r1, Board of Governors of the Federal Reserve System (U.S.).
• Michael Smolyansky & Gustavo A. Suarez, 2025. "Non-monetary news in Fed announcements: Evidence from the corporate bond market," Finance and Economics Discussion Series 2021-010r1, Board of Governors of the Federal Reserve System (U.S.).
• Nikolaos Giannakis & Periklis Gogas & Theophilos Papadimitriou & Jamel Saadaoui & Emmanouil Sofianos, 2025. "Do International Reserve Holdings Still Predict Economic Crises? Insights from Recent Machine Learning Techniques," Working Papers 2025.6, International Network for Economic Research - INFER.
• Ivan Trubelik & Tomas Karhanek & Simona Malovana & Ales Michl, 2025. "Instant Payments in Czechia: Adoption and Future Trends," Working Papers 2025/4, Czech National Bank, Research and Statistics Department.
• Michael McMahon, 2024. "Lessons for Monetary Policy Communication: Communication, Getting Through and Expectation Formation," RBA Annual Conference Papers acp2024-01, Reserve Bank of Australia, revised May 2025.
• Harold Glenn A. Valera & Mark J. Holmes & Vic K. Delloro, 2025. "The Changing Effect of Energy and Rice Prices and Remittances on Overall Inflation in Emerging Markets: Evidence from the Philippines," Working Papers in Economics 25/05, University of Waikato.
• Olivier Coibion & Yuriy Gorodnichenko, 2024. "The Causal Effects of Inflation Expectations on Households' Beliefs and Actions," RBA Annual Conference Papers acp2024-05, Reserve Bank of Australia, revised May 2025.
• Ryuichiro Izumi & Weng Fei Leong & Balázs Zélity, 2025. "In Search of Countercyclical Capital Inflow Controls," Wesleyan Economics Working Papers 2025-006, Wesleyan University, Department of Economics.
• Morshed, Monzur, 2025. "Mobile Money and the Future of Digital Currency: Evidence from Kenya," OSF Preprints msbz4_v1, Center for Open Science.
• Phillip An & Karlye Dilts Stedman & Amaze Lusompa, 2025. "How High Does High Frequency Need to Be? A Comparison of Daily and Intradaily Monetary Policy Surprises," Research Working Paper RWP 25-03, Federal Reserve Bank of Kansas City.
• Tymoigne, Eric, 2024. "The Origins of the Platonic Approach to Monetary Systems: Retracing European and Chinese Monetary Thoughts on Chartalism, Nominalism, and the Origins of Monetary," MPRA Paper 124797, University Library of Munich, Germany.
• Bruno Albuquerque & Mr. Eugenio M Cerutti & Nanyu Chen & Melih Firat, 2025. "From Banks to Nonbanks: Macroprudential and Monetary Policy Effects on Corporate Lending," IMF Working Papers 2025/096, International Monetary Fund.
• Christopher Loewald & Rudi Steinbach & Jeffrey Rakgalakane, 2025. "Less risk and more reward revising South Africas inflation target," Working Papers 11079, South African Reserve Bank.
• Valeriu Nalban & Luis-Felipe Zanna, 2025. "QPM-Based Analysis of Weather Shocks and Monetary Policy in Developing Countries," IMF Working Papers 2025/095, International Monetary Fund.
• Rashad Ahmed & Iñaki Aldasoro, 2025. "Stablecoins and safe asset prices," BIS Working Papers 1270, Bank for International Settlements.
• Fabio Milani, 2025. "Inflation Tolerance Bands and Private Sector Beliefs," CESifo Working Paper Series 11910, CESifo.
• Rocío Elizondo & Julio A. Carrillo, 2025. "Comparison of Inflation Expectations from Surveys and Markets Across Different Horizons," Working Papers 2025-07, Banco de México.