Report NEP-MON-2025-09-01

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:

• Dzung Bui & Bernd Hayo, 2025. "Inflation Expectations of the General Public under Supply Constraints: Evidence from a Survey Experiment," MAGKS Papers on Economics 202520, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Jonathan Benchimol & Inon Gamrasni & Michael Kahn & Sigal Ribon & Yossi Saadon & Noam Ben-Ze'ev & Asaf Segal & Yitzchak Shizgal, 2025. "The Interaction Between Domestic Monetary Policy and Macroprudential Policy in Israel," Papers 2508.07082, arXiv.org.
• Enzinger, Matthias & Gechert, Sebastian & Heimberger, Philipp & Prante, Franz & Romero, Daniel Fernández, 2025. "The overstated effects of conventional monetary policy on output and prices," OSF Preprints 72cen_v2, Center for Open Science.
• Vihar Dalal & Daniel A. Dias & Pinar Uysal, 2025. "From Bank Lending Standards to Bank Credit Conditions: An SVAR Approach," Finance and Economics Discussion Series 2025-055, Board of Governors of the Federal Reserve System (U.S.).
• Xinyu Li, 2025. "Mitigating Financial Frictions in Agriculture: A Framework for Stablecoin Adoption," Papers 2507.14970, arXiv.org.
• Elías Albagli & Mr. Francesco Grigoli & Emiliano Luttini & Dagoberto Quevedo & Marco Rojas, 2025. "Beyond Costs: The Dominant Role of Strategic Complementarities in Pricing," IMF Working Papers 2025/164, International Monetary Fund.
• Aguilar, José & Quineche, Ricardo, 2025. "Regional Inflation Spillovers and Monetary Policy Design: Evidence from Peru's Successful Inflation-Targeting Framework," MPRA Paper 125442, University Library of Munich, Germany.
• Godinho, Enzo & Mattos, Beatriz, 2025. "The New Development Bank and the ecological transition: Decoupling development finance from core currency hegemony?," IPE Working Papers 260/2025, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
• Rice, Jonathan & Guerrini, Giulia Maria, 2025. "Riding the rate wave: interest rate and run risks in euro area banks during the 2022-2023 monetary cycle," Working Paper Series 3090, European Central Bank.
• Michel Grimm & Torben Klarl, 2025. "From Heatwaves to Cold Spells: How Extreme Temperature Events Shape Inflation in Germany," Bremen Papers on Economics & Innovation 2502, University of Bremen, Faculty of Business Studies and Economics.
• Mark A. Carlson, 2025. "The Banking Panic in New Mexico in 1924 and the Response of the Federal Reserve," Finance and Economics Discussion Series 2025-064, Board of Governors of the Federal Reserve System (U.S.).
• Pierre L Siklos & Dora Xia & Hongyi Chen, 2025. "R* in East Asia: business, financial cycles, and spillovers," BIS Working Papers 1285, Bank for International Settlements.
• Nesrine Dardouri & Abdelkader Aguir & Mounir Smida, 2025. "Exchange Rate Pass-Through to Domestic Prices: Evidence Analysis of a Periphery Country," Post-Print hal-05154078, HAL.
• Johanna Tiedemann & Olivier Bizimana & Shant Arzoumanian, 2025. "Measuring Monetary Policy Stance in Sub-Saharan African Emerging and Frontier Markets," IMF Working Papers 2025/160, International Monetary Fund.
• Ferrari Minesso, Massimo & Van Robays, Ine & Cassinis, Maria Giulia, 2025. "Supply shocks and inflation: timely insights from financial markets," Working Paper Series 3096, European Central Bank.
• Paige Ehresmann & Juan M. Morelli & Jessie Jiaxu Wang, 2025. "What Do Bank Stock Returns Say About Monetary Policy Transmission?," FEDS Notes 2025-08-04, Board of Governors of the Federal Reserve System (U.S.).
• Oktay Özden & Alp Erinç Yeldan, 2025. "Two-Household Stock-Flow Consistent Model of the UK Economy: Post-COVID Inflation and Incomes Policy," Working Papers PKWP2519, Post Keynesian Economics Society (PKES).
• Viral V. Acharya & Matteo Crosignani & Tim Eisert & Christian Eufinger, 2025. "How Do Supply Shocks to Inflation Generalize? Evidence From the Pandemic Era in Europe," Staff Reports 1164, Federal Reserve Bank of New York.
• Quineche, Ricardo & Zapata, Juan, 2025. "Inflationary and Deflationary Pressures: A Behavioral Decomposition of U.S. Inflation Dynamics," MPRA Paper 125441, University Library of Munich, Germany.
• Annette Vissing-Jorgensen, 2025. "Fluctuations in the Treasury General Account and their effect on the Fed’s balance sheet," FEDS Notes 2025-08-06, Board of Governors of the Federal Reserve System (U.S.).
• Djeneba Dramé & Florian Léon, 2025. "Do firms react to monetary policy in developing countries? [European Economic Review]," Post-Print hal-05172185, HAL.
• Mehmet Balcilar & Kenny Kutu & Sonali Das & Rangan Gupta, 2025. "Predicting the Conditional Distributions of Inflation and Inflation Uncertainty in South Africa: The Role of Climate Risks," Working Papers 202529, University of Pretoria, Department of Economics.
• Samin Abdullah & Manjola Tase, 2025. "Policy Rate Uncertainty and Money Market Funds (MMF) Portfolio Allocations," Finance and Economics Discussion Series 2025-063, Board of Governors of the Federal Reserve System (U.S.).
• Sharjil M. Haque & Young Soo Jang & Jessie Jiaxu Wang, 2025. "Indirect Credit Supply: How Bank Lending to Private Credit Shapes Monetary Policy Transmission," Finance and Economics Discussion Series 2025-059, Board of Governors of the Federal Reserve System (U.S.).
• Alexander Hammerl & Georg Beyschlag, 2025. "Optimal Control of Reserve Asset Portfolios for Pegged Digital Currencies," Papers 2508.09429, arXiv.org.
• Admire Tarisirayi Chirume & James Hurungo & Brandon Aaron Chinoperekweyi, 2025. "Climate change shocks and monetary policy in South Africa a simulationbased analysis," Working Papers 11087, South African Reserve Bank.
• Rodrigo Dias & Gavan Fitzsimons & Eesha Sharma, 2025. "Consumer Wealth and Price Expectations," Working Papers 25-23, Federal Reserve Bank of Philadelphia.
• Ozili, Peterson K & Okeke, Esther Ngozika & Obiora, Kingsley I., 2025. "Wartime monetary policy: Monetary policy options to adopt during war," MPRA Paper 125397, University Library of Munich, Germany.
• Daniele Ballinari & Jessica Maly, 2025. "FX sentiment analysis with large language models," Working Papers 2025-11, Swiss National Bank.
• Philippe Bacchetta & J. Scott Davis & Eric van Wincoop, 2025. "Dollar Funding Fragility and non-US Global Banks," Swiss Finance Institute Research Paper Series 25-65, Swiss Finance Institute.
• Theodore Kapopoulos & Dimitrios Anastasiou & Steven Ongena & Athanasios Sakkas, 2025. "Geopolitical Risk and Domestic Bank Deposits," Swiss Finance Institute Research Paper Series 25-64, Swiss Finance Institute.
• Ifrim, Adrian & Kollmann, Robert & Pfeiffer, Philipp & Ratto, Marco & Roeger, Werner, 2025. "Persistent global growth differences and Euro Area adjustment: real activity, trade and the real exchange rate," MPRA Paper 125401, University Library of Munich, Germany.
• Albertazzi, Ugo & Ferrando, Annalisa & Gori, Sofia & Rariga, Judit, 2025. "The cost channel of monetary policy: evidence from euro area firm-level survey data," Working Paper Series 3097, European Central Bank.
• López-Noria, Gabriela & Pedemonte, Mathieu, 2025. "Monetary Policy Effects on Firms’ Uncertainty," IDB Publications (Working Papers) 14223, Inter-American Development Bank.
• Danilo Leiva-León & Viacheslav Sheremirov & Jenny Tang & Egon Zakrajšek, 2025. "Inflation Factors," Working Papers 25-5, Federal Reserve Bank of Boston.
• Dzung Bui & Bernd Hayo, 2025. "Documentation Paper: Representative Survey on Inflation Expectations and Knowledge about Monetary and Financial Topics in Germany Conducted in 2025," MAGKS Papers on Economics 202519, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
• Colin Weiss, 2025. "Official Reserve Revaluations: The International Experience," FEDS Notes 2025-08-01-2, Board of Governors of the Federal Reserve System (U.S.).
• Guangling Liu & Christopher D. Solomon, 2025. "South Africa's inflation: Monetary or fiscal," WIDER Working Paper Series wp-2025-52, World Institute for Development Economic Research (UNU-WIDER).
• Degryse, Hans & De Jonghe, Olivier & Laeven, Luc & Zhao, Tong, 2025. "Collateral and credit," Working Paper Series 3095, European Central Bank.
• Piergallini, Alessandro, 2025. "Corporate Finance and Interest Rate Policy," MPRA Paper 125362, University Library of Munich, Germany.
• Viacheslav Sheremirov & Hillary Stein, 2025. "Global Inflation, Regional Factors," Working Papers 25-6, Federal Reserve Bank of Boston.
• Iustina Alina Boitan & Thomas Paulovici, 0000. "Central Bank Digital Currencies and Financial Inclusion in Developing Economies: Opportunities, Challenges, and Lessons from Early Adopters," Proceedings of Economics and Finance Conferences 15116731, International Institute of Social and Economic Sciences.