Report NEP-MON-2025-08-25

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:

• Benjamin Schwanebeck & Luzie Thiel, 2025. "Household Heterogeneity across Countries and Optimal Monetary Policy in a Monetary Union," MAGKS Papers on Economics 202512, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Jonathan Benchimol & Sophia Kazinnik & Yossi Saadon, 2025. "Federal Reserve Communication and the COVID-19 Pandemic," Papers 2508.04830, arXiv.org.
• Euphrasie Djougba, 2024. "79 Years of the Franc Zone: Retrospective and Future Perspectives [79 ans de la zone Franc et après ..]," Post-Print hal-05144331, HAL.
• Mr. Daniel Leigh & Rui Xu, 2025. "Monetary Policy Transmission to Lending Rates: Evidence from Brazil," IMF Working Papers 2025/152, International Monetary Fund.
• Chandler Lester, 2024. "How CBO Projects Inflation," Working Papers 59877, Congressional Budget Office.
• Holm-Hadulla, Fédéric & Leombroni, Matteo, 2025. "Heterogeneous intermediaries in the transmission of central bank corporate bond purchases," Working Paper Series 3101, European Central Bank.
• Carlos Segura-Rodriguez, 2024. "Natural Real Interest Rate in an Open Small Economy: the Costa Rica´s Case," Notas Técnicas 2403, Banco Central de Costa Rica.
• Dorian Carloni, 2025. "How the Effects of Inflation on Households Varied by Income, 1984 to 2022: Working Paper 2025-04," Working Papers 61549, Congressional Budget Office.
• Athanasios Geromichalos & Kuk Mo Jung & Ioannis Kospentaris & Changhyun Lee & Sukjoon Lee, 2025. "Central bank interventions and asset market liquidity," Working Papers 373, University of California, Davis, Department of Economics.
• Barmes, David & Bosch, Jordi Schröder, 2024. "Inflation as an ecological phenomenon," LSE Research Online Documents on Economics 129176, London School of Economics and Political Science, LSE Library.
• Kleopatra Nikolaou, 2025. "Money Market Fund Growth During Hiking Cycles: A Global Analysis," IMF Working Papers 2025/150, International Monetary Fund.
• Simon H. Kwan & Ville Voutilainen, 2025. "A Tale of Two Tightenings," Working Paper Series 2025-14, Federal Reserve Bank of San Francisco.
• Huang, Guangming, 2025. "Transaction Process, Seigniorage Channel, and Monetary Effectiveness in Flexible Price Economy," MPRA Paper 125728, University Library of Munich, Germany.
• Michael McGrane, 2025. "A Survey-Based Shifting-Endpoint Dynamic Term Structure Model of Interest Rates: Working Paper 2025-03," Working Papers 60888, Congressional Budget Office.
• Alberto Vindas-Quesada & Carlos Brenes-Soto & Adriana Sandí-Esquivel & Susan Jiménez-Montero, 2024. "Univariate inflation forecasts in Costa Rica: model evaluation and selection," Notas Técnicas 2405, Banco Central de Costa Rica.
• Alberto Cavallo & Gaston Garcia Zavaleta, 2025. "Turning Points in Inflation: A Structural Breaks Approach with Micro Data," NBER Working Papers 34102, National Bureau of Economic Research, Inc.
• Ahmed Mahrous & Maurantonio Caprolu & Roberto Di Pietro, 2025. "Stablecoins: Fundamentals, Emerging Issues, and Open Challenges," Papers 2507.13883, arXiv.org.
• Woodgate, Ryan, 2025. "A general theory of conflict inflation," IPE Working Papers 256/2025, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Laurence M. Ball & Kyung Woong Koh, 2025. "Market Rents and CPI Shelter Inflation," NBER Working Papers 34113, National Bureau of Economic Research, Inc.
• Lilia Maliar & Christopher Naubert, 2025. "Monetary Policy Transmission with Endogenous Central Bank Responses in TANK," Staff Working Papers 25-21, Bank of Canada.
• Ashima Goyal & Vipasha Pandey, 2025. "Indian industrial pricing under inflation targeting," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2025-010, Indira Gandhi Institute of Development Research, Mumbai, India.
• Carl Walsh, 2025. "Lessons for the FOMC’s Monetary Policy Strategy," CESifo Working Paper Series 12056, CESifo.
• Noda, Hideo & Fang, Fengqi, 2025. "Public Investment Financed by Seigniorage, Money Supply Control and Inflation Dynamics in Sub-Saharan African Countries," MPRA Paper 125632, University Library of Munich, Germany.
• Boris Podobnik & Dorian Wild & Dejan Kovac, 2025. "Cutting the Geopolitical Ties: Foreign Exchange Reserves, GDP and Military Spending," Papers 2507.05856, arXiv.org.
• Qifeng Tang & Yain-Whar Si, 2025. "Central Bank Digital Currencies: A Survey," Papers 2507.08880, arXiv.org.
• Donna Faye Bajaro & Jaqueson Galimberti & Irfan Qureshi, 2025. "Monetary Policy Under Fiscal Stress: A Forward-Looking Analysis of Fiscal Dominance," ADB Economics Working Paper Series 797, Asian Development Bank.
• Viral V. Acharya & Raghuram Rajan & Zhi Quan (Bill) Shu, 2025. "When is Less More? Bank Arrangements for Liquidity vs Central Bank Support," NBER Working Papers 34099, National Bureau of Economic Research, Inc.
• Greg Kaplan, 2025. "Implications of Fiscal-Monetary Interaction from HANK Models," NBER Working Papers 34117, National Bureau of Economic Research, Inc.
• Satadru Das & Chetan Ghate & Subhadeep Halder & Debojyoti Mazumder & Sreerupa Sengupta & Satyarth Singh, 2025. "Monetary Policy and Informal Labor Markets," CAMA Working Papers 2025-47, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Yogeshwar Bharat & Rajeswari Sengupta & Gautham Udupa, 2025. "Is core inflation useful in predicting headline inflation? Evidence from a large, emerging economy," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2025-021, Indira Gandhi Institute of Development Research, Mumbai, India.
• Ashima Goyal, 2025. "Assessing inflation targeting in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2025-018, Indira Gandhi Institute of Development Research, Mumbai, India.
• Carlos Giraldo & Iader Giraldo-Salazar & Jose E. Gomez-Gonzalez & Jorge M Uribe, 2025. "Dollarization and the International Bank Lending Channel: Evidence from Latin America," Documentos de trabajo 021498, FLAR.
• Luis I. Jacome & Nicolas E. Magud & Samuel Pienknagura & Martín Uribe, 2025. "The Legacy of High Inflation on Monetary Policy Rules," NBER Working Papers 34107, National Bureau of Economic Research, Inc.
• Kevin McNamara & Rhea Pritham Marpu, 2025. "Banking 2.0: The Stablecoin Banking Revolution -- How Digital Assets Are Reshaping Global Finance," Papers 2508.11395, arXiv.org.
• Marie-Hélène Felt & Anna Chernesky & Angelika Welte, 2025. "2024 Methods-of-Payment Survey Report: Cash in an Era of Alternatives," Discussion Papers 2025-12, Bank of Canada.
• Christian Conrad & Zeno Enders & Gernot Müller, 2025. "Inflation Forecast Targeting Revisited," CESifo Working Paper Series 12006, CESifo.
• Gustavo Silva Araujo & José Ignacio Ándres Bergallo & Flávio de Freitas Val, 2025. "Do Inflation-Linked Bonds Predict Future Inflation? a reassessment using novel methodologies and instruments," Working Papers Series 625, Central Bank of Brazil, Research Department.
• Jose Pablo Barquero-Romero, 2024. "The Transmission of the Monetary Policy Rate in Costa Rica, 2018-2024," Notas Técnicas 2406, Banco Central de Costa Rica.
• Ozili, Peterson K, 2025. "Can country policy and institutional frameworks reduce global inflation?," MPRA Paper 125564, University Library of Munich, Germany.
• Sánchez Serrano, Antonio, 2025. "Three extensions of the map of the euro area financial system," ESRB Occasional Paper Series 27, European Systemic Risk Board.
• Mr. Tobias Adrian & Christopher J. Erceg & Marcin Kolasa & Mr. Jesper L Linde & Pawel Zabczyk, 2025. "Macroeconomic and Fiscal Consequences of Quantitative Easing," IMF Working Papers 2025/158, International Monetary Fund.