Report NEP-MON-2025-09-29

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:

• Paul Hubert & Rose Portier, 2025, "The Signaling Effects of Tightening and Easing Monetary Policy," Working papers, Banque de France, number 999.
• Ina Hajdini & Adam Hale Shapiro & Andrew Lee Smith & Daniel Villar Vallenas, 2025, "Inflation since the Pandemic: Lessons and Challenges," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-070, Aug, DOI: 10.17016/FEDS.2025.070.
• Grey Gordon & Julio L. Ortiz & Benjamin Silk, 2025, "Reviews of Foreign Central Banks' Monetary Policy Frameworks: Approaches, Issues, and Outcomes," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-066, Aug, DOI: 10.17016/FEDS.2025.066.
• Hess T. Chung & Callum J. Jones & Antoine Lepetit & Fernando M. Martin, 2025, "Implications of Inflation Dynamics for Monetary Policy Strategies," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-072, Aug, DOI: 10.17016/FEDS.2025.072.
• Anna Lipinska & Enrique Martínez García & Felipe Schwartzman, 2025, "Pandemic and War Inflation: Lessons from the International Experience," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-071, Aug, DOI: 10.17016/FEDS.2025.071.
• Allaire, Nolwenn & Le Coz, Victor & Benzaquen, Michael & Challe, Damien, 2025, "Stylized facts in money markets: an empirical analysis of the eurozone data," Working Paper Series, European Central Bank, number 3113, Sep.
• Erwan Gautier & Frédérique Savignac & Olivier Coibion, 2025, "Firms’ Inflation and Wage Expectations during the Inflation Surge," Working papers, Banque de France, number 995.
• Jouvanceau, Valentin & Darracq Pariès, Matthieu & Dieppe, Alistair & Kockerols, Thore, 2025, "Trade wars and global spillovers. A quantitative assessment with ECB-global," Working Paper Series, European Central Bank, number 3117, Sep.
• Lenin Arango-Castillo & María José Orraca & Regina Briseño, 2025, "Inflation volatility across advanced and emerging economies during the COVID-19 pandemic," Working Papers, Banco de México, number 2025-13, Sep.
• François Gourio & Benjamin K. Johannsen & J. David López-Salido, 2025, "The Origins, Structure, and Results of the Federal Reserve’s 2019–20 Review of Its Monetary Policy Framework," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-065, Aug, DOI: 10.17016/FEDS.2025.065.
• Fukker, Gábor & Sydow, Matthias & Mimun, Anisa Tiza, 2025, "The effects of monetary policy on banks and non-banks in times of stress," Working Paper Series, European Central Bank, number 3114, Sep.
• Mundle, Sudipto & Mehta, Madhur, 2025, "Monetary policy during Negative Output Gap periods in India in the First Quarter of the 21st Century," Working Papers, National Institute of Public Finance and Policy, number 25/437, Sep.
• Enzinger, Matthias & Gechert, Sebastian & Heimberger, Philipp & Prante, Franz & Romero, Daniel F., 2025, "The overstated effects of conventional monetary policy on output and prices," I4R Discussion Paper Series, The Institute for Replication (I4R), number 264.
• Michael D. Bauer & Travis J. Berge & Giuseppe Fiori & Francesca Loria & Molin Zhong, 2025, "Accounting for Uncertainty and Risks in Monetary Policy," Working Paper Series, Federal Reserve Bank of San Francisco, number 2025-19, Sep, DOI: 10.24148/wp2025-19.
• Giacomo Mangiante & Pascal Meichtry, 2025, "On the Distributional Effects of Conventional Monetary Policy and Forward Guidance," Working papers, Banque de France, number 996.
• Michael D. Bauer & Travis J. Berge & Giuseppe Fiori & Francesca Loria & Molin Zhong, 2025, "Accounting for Uncertainty and Risks in Monetary Policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-073, Aug, DOI: 10.17016/FEDS.2025.073.
• Domenech Palacios, Mar, 2025, "Firms’ risk and monetary transmission: revisiting the excess bond premium," Working Paper Series, European Central Bank, number 3118, Sep.
• Maksym Homeniuk, 2025, "The Double-Digit Trigger: Estimating Inflation Attention Thresholds in Ukraine Using Parliamentary Speeches," Working Papers, National Bank of Ukraine, number 03/2025, Sep, DOI: 10.26531/vnbu2025.wp03.
• Brent Bundick & Isabel Cairó & Nicolas Petrosky-Nadeau, 2025, "Labor Market Dynamics, Monetary Policy Tradeoffs, and a Shortfalls Approach to Pursuing Maximum Employment," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-068, Aug, DOI: 10.17016/FEDS.2025.068.
• Vasilki Dimakopoulou & George Economides & Apostolis Philippopoulos, 2025, "The EU’s New Expenditure Rule and Its Implications for Monetary Policy," CESifo Working Paper Series, CESifo, number 12139.
• Ekaterina V. Peneva & Jeremy B. Rudd & Daniel Villar Vallenas, 2025, "Retrospective on the Federal Reserve Board Staff's Inflation Forecast Errors since 2019," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-069, Aug, DOI: 10.17016/FEDS.2025.069.
• Christophe Blot & Paul Hubert & Fabien Labondance, 2025, "Dissent in Monetary Policy Decisions: Effects, Channels and Implications," Working papers, Banque de France, number 1001.
• Rochelle M. Edge & Dan Li, 2025, "Central bank preparedness for market-functioning asset purchases as a consideration for long-run balance sheet composition," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-077, Sep, DOI: 10.17016/FEDS.2025.077.
• Anna Florio & Daniele Siena & Riccardo Zago, 2024, "Global Value Chains and the Phillips Curve: a Challenge for Monetary Policy," Working papers, Banque de France, number 970.
• Vaishali Garga & Edward P. Herbst & Alisdair McKay & Giovanni Nicolo & Matthias Paustian, 2025, "Monetary Policy, Uncertainty, and Communications," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-074, Aug, DOI: 10.17016/FEDS.2025.074.
• Gary B. Gorton & Chase P. Ross & Sharon Y. Ross, 2025, "Where Collateral Sleeps," NBER Working Papers, National Bureau of Economic Research, Inc, number 34266, Sep.
• Chao Gu & Janet Hua Jiang & Liang Wang, 2025, "Credit Conditions, Inflation, and Unemployment," Staff Working Papers, Bank of Canada, number 25-26, Sep, DOI: 10.34989/swp-2025-26.
• Daiya Mita & Taiga Saito & Akihiko Takahashi, 2025, "An Incomplete Multi-Currency Equilibrium Model with Heterogeneous Time Preferences and Subjective Beliefs," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo, number CARF-F-604, Aug.
• Klodiana Istrefi & Florens Odendahl & Giulia Sestieri, 2025, "ECB signals beyond meetings: insights from 5,100 events
  [Les signaux de la BCE au-delà des réunions : indications tirées de 5 100 événements]," Eco Notepad, Banque de France, number 411, Aug.
• John H. Cochrane, 2025, "Monetary-Fiscal Interactions," NBER Working Papers, National Bureau of Economic Research, Inc, number 34257, Sep.
• Győző Gyöngyösi & Judit Rariga & Emil Verner, 2025, "The Foreign Currency Fisher Channel: Evidence from Households," NBER Working Papers, National Bureau of Economic Research, Inc, number 34234, Sep.
• Julius Mattern & Christoph Meyer, 2025, "Beyond interbank: Identifying critical participants in integrated RTGS systems using payment type and temporal dynamics," Working Papers, Swiss National Bank, number 2025-14.
• Albin Salmon & Vincent Fleuriet & Paul Vertier, 2025, "Currency Crises and Malnutrition," Working papers, Banque de France, number 1003.
• Angelini, Elena & Bokan, Nikola & Ciccarelli, Matteo & Lalik, Magdalena & Zimic, Srečko, 2025, "The ECB-Multi Country Model. A semi-structural model for forecasting and policy analysis for the largest euro area countries," Working Paper Series, European Central Bank, number 3119, Sep.
• Carol Bertaut & Ester Faia & Ṣebnem Kalemli-Özcan & Camilo Marchesini & Simon Paetzold & Martin Schmitz, 2025, "Asset Elasticities and Currency Risk Transfer," NBER Working Papers, National Bureau of Economic Research, Inc, number 34275, Sep.
• Marco Pinchetti, 2025, "Geopolitical Risk and Inflation: The Role of Energy Markets," Working papers, Banque de France, number 1005.
• Alberto Maria Mongardini & Alessandro Mei, 2025, "A Midsummer Meme's Dream: Investigating Market Manipulations in the Meme Coin Ecosystem," Papers, arXiv.org, number 2507.01963, Apr, revised Jan 2026.
• Kaebi, Mohammed Mehdi & Ferreira Batista Martins, Igor, 2025, "Long-Run Interest Rate Differentials and the Profitability of Currency Carry," Working Papers, Örebro University, School of Business, number 2025:10, Sep.
• Wagner, Julia & de Brauw, Alan & Bloem, Jeffrey R. & Ambler, Kate, 2025, "Case studies on efforts to digitalize payments in agri-food value chains," IFPRI working papers, International Food Policy Research Institute (IFPRI), number 175632, Jul.
• Olivier Coibion & Erwan Gautier & Maxime Ponsart & Frédérique Savignac, 2025, "Business leaders' inflation expectations during the 2021-25 inflation cycle
  [Les anticipations des chefs d’entreprise face au cycle d’inflation 2021-2025]," Eco Notepad, Banque de France, number 407, Jun.

Report NEP-MON-2025-09-29

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: