Report NEP-MON-2025-10-06

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:

• Magin, Jana & Neyer, Ulrike & Stevens, Alexandra, 2025. "Central Bank Digital Currency as a New Means of Payment: An Experimental Approach," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325448, Verein für Socialpolitik / German Economic Association.
• Bui, Dzung & Hayo, Bernd, 2025. "Drawbacks of Household Panel Data on Inflation Perceptions and Expectations: Representativeness and Selectivity Issues," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325379, Verein für Socialpolitik / German Economic Association.
• Klose, Jens & Barry, Mamdou-Lamine & Bruns, Brenton Joey & Kandemir, Sinem & Smirnov, Victor & Tillmann, Peter, 2025. "The Emotions of Monetary Policy," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325365, Verein für Socialpolitik / German Economic Association.
• Neyer, Ulrike & Stempel, Daniel & Stevens, Alexandra, 2025. "Subsistence consumption and inflation heterogeneity: Implications for monetary policy transmission in a HANK model," DICE Discussion Papers 427, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
• Hahn, Volker & Marenčák, Michal, 2025. "Inflation Perceptions and Monetary Policy," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325361, Verein für Socialpolitik / German Economic Association.
• Semik, Sofia, 2025. "Carbon Pricing and Monetary Policy in an Estimated Macro-Climate Model," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325397, Verein für Socialpolitik / German Economic Association.
• Engin Kara, 2025. "The Curse of Flexibility Under Uncertainty," CESifo Working Paper Series 12166, CESifo.
• Gareis, Johannes & Minasian, Ryan, 2025. "Durability, essentiality, and the transmission of monetary policy to household consumption," Working Paper Series 3127, European Central Bank.
• Jaemin Jeong & Eunseong Ma & Choongryul Yang, 2025. "Attention-Dependent Monetary Transmission to Household Beliefs," Finance and Economics Discussion Series 2025-084, Board of Governors of the Federal Reserve System (U.S.).
• Andros Kourtellos & Christos Antonios Statheas & Marios Zachariadis, 2025. "What can we learn from the distributions of inflation expectations across European households?," University of Cyprus Working Papers in Economics 02-2025, University of Cyprus Department of Economics.
• Athanasios Orphanides, 2025. "Challenges for Monetary Policy and Its Communication," IMES Discussion Paper Series 25-E-09, Institute for Monetary and Economic Studies, Bank of Japan.
• Eduardo Amaral & Rafael Guerra & Ilhyock Shim & Alexandre Tombini, 2025. "Financial conditions indices in Latin America," BIS Bulletins 113, Bank for International Settlements.
• Den Haan, Wouter J. & Ferrari, Alessandro & Mazelis, Falk & Ristiniemi, Annukka, 2025. "Battle of the ages: distributional and aggregate effects of monetary policy in a model with age demographics," Working Paper Series 3125, European Central Bank.
• Tereza Vesela & Jaromir Baxa, 2025. "Inflation Expectation Disagreement and Monetary Policy Transmission in a Small Open Economy: Evidence from the Czech Republic," Working Papers IES 2025/19, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2025.
• Toth, Mark, 2025. "The role of city structure in monetary policy transmission," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325390, Verein für Socialpolitik / German Economic Association.
• Giuzio, Margherita & Kapadia, Sujit & Kaufmann, Christoph & Storz, Manuela & Weistroffer, Christian, 2025. "Macroprudential policy, monetary policy and non-bank financial intermediation," Working Paper Series 3130, European Central Bank.
• Agustin S. Benetrix & Beren Demirolmez, 2025. "Mapping Global Debt: A New Measure of Currency Dominance and Uncertainty Shock Effects," Trinity Economics Papers tep0925, Trinity College Dublin, Department of Economics.
• Lea Best & Benjamin Born & Manuel Menkhoff, 2025. "The Impact of Interest: Firms' Investment Sensitivity to Interest Rates," CESifo Working Paper Series 12167, CESifo.
• Mosler, Martin & Schaltegger, Christoph & Mair, Lukas & Brandt, Przemyslaw, 2025. "Who Absorbs the Debt-Deflation Channel? Empirical Evidence from Historical Balance Sheets and the Great Swiss Deflation," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325423, Verein für Socialpolitik / German Economic Association.
• Linda S. Goldberg & Samantha Hirschhorn, 2025. "Financial Intermediaries and Pressures on International Capital Flows," Liberty Street Economics 20250922, Federal Reserve Bank of New York.
• Masyayuki Okada & Kazuhiro Teramoto, 2025. "Large Firms and Monetary Policy Surprises: Unraveling Excessive Stock Price Sensitivity," IMES Discussion Paper Series 25-E-06, Institute for Monetary and Economic Studies, Bank of Japan.
• Henrique S. Basso & Omar Rachedi, 2025. "Robot adoption and inflation dynamics," Working Papers 2536, Banco de España.
• A. Hakan Kara & Alp Simsek, 2025. "Türkiye's Homemade Crises," NBER Working Papers 34287, National Bureau of Economic Research, Inc.
• YiLi Chien & Zhengyang Jiang & Matteo Leombroni & Hanno Lustig, 2025. "What Does It Take? Quantifying Cross-Country Transfers in the Eurozone," Working Papers 2025-024, Federal Reserve Bank of St. Louis.
• Stracca, Livio, 2025. "The Great Moderation at 40: learning from the cross section," Working Paper Series 3124, European Central Bank.
• Dimitris Georgarakos & Geoff Kenny & Justus Meyer & Maarten van Rooij, 2025. "How do rising temperatures affect inflation expectations?," Working Papers 843, DNB.
• Arvai, Kai & Coimbra, Nuno, 2025. "Privilege Lost? The Rise and Fall of a Dominant Global Currency," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325376, Verein für Socialpolitik / German Economic Association.
• Mark A. Carlson & Mary-Frances Styczynski, 2025. "Pre-Pledged Collateral and Likelihood of Discount Window Use," FEDS Notes 2025-08-29-1, Board of Governors of the Federal Reserve System (U.S.).
• Nakov, Anton & Ghassibe, Mishel, 2025. "Business cycles with pricing cascades," Working Paper Series 3123, European Central Bank.
• Weiß, Maximilian & Kohler, Thomas & L'Huillier, Jean-Paul & Phelan, Gregory, 2025. "Why Do Supply Disruptions Lead to Inflation?," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325458, Verein für Socialpolitik / German Economic Association.
• Jake D. Orchard, 2025. "Non-homothetic Demand Shifts and Inflation Inequality," Finance and Economics Discussion Series 2025-085, Board of Governors of the Federal Reserve System (U.S.).
• Colin Weiss, 2025. "De-Dollarization? Diversification? Exploring Central Bank Gold Purchases and the Dollar's Role in International Reserves," International Finance Discussion Papers 1420, Board of Governors of the Federal Reserve System (U.S.).
• Manuel Gonzalez-Astudillo & Diego Vilán, 2025. "One Policy Rate, Many Stances: Evidence from the European Monetary Union," Finance and Economics Discussion Series 2025-087, Board of Governors of the Federal Reserve System (U.S.).
• David Bowman, 2025. "The Fed Funds Market During the Quantitative Tightening of 2017-19," FEDS Notes 2025-09-19-4, Board of Governors of the Federal Reserve System (U.S.).
• Takuya Iinuma & Yoshiyuki Nakazono & Kento Tango, 2025. "Monetary Policy Communication and Social Identity: Evidence from a Randomized Control Trial," IMES Discussion Paper Series 25-E-05, Institute for Monetary and Economic Studies, Bank of Japan.
• Dalgic, Husnu C., 2025. "When is Liquidity Bad?," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325452, Verein für Socialpolitik / German Economic Association.
• Victor Le Coz & Michael Benzaquen & Damien Challet, 2025. "A minimal model of money creation within secured interbank markets," Post-Print hal-05273328, HAL.
• Frache, Serafin & Lluberas, Rodrigo & Pedemonte, Mathieu & Turén, Javier, 2025. "The Transmission of International Monetary Policy Shocks to Firms’ Expectations," IDB Publications (Working Papers) 14286, Inter-American Development Bank.
• Daniel A. Dias & Sophia Scott, 2025. "Monetary Policy and Bank Funding Costs: Patterns and Predictability in the Transmission of the Policy Rate to U.S. Banks’ Funding Costs," Finance and Economics Discussion Series 2025-083, Board of Governors of the Federal Reserve System (U.S.).
• Peter Bofinger, 2025. "Stablecoins and the Future of Money: Economic Principles and Policy Implications," IMK Studies 100-2025, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
• Daniel O. Beltran & Julio L. Ortiz, 2025. "Core Inflation in the Advanced Economies: A Regional Perspective," International Finance Discussion Papers 1421, Board of Governors of the Federal Reserve System (U.S.).
• Chadha, J. S. & Corrado, G. & Corrado, L. & Buratta, I. D. L., 2025. "The Role of Macroprudential Policy in Times of Trouble," Cambridge Working Papers in Economics 2561, Faculty of Economics, University of Cambridge.
• Nghiem, Giang & Marenčák, Michal, 2025. "Personal Inflation Rates in the Euro Area," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325454, Verein für Socialpolitik / German Economic Association.
• de Brauw, Alan & Gilligan, Daniel O. & Herskowitz, Sylvan & Roy, Shalini, 2024. "Catalyzing financial inclusion: Using incentives to promote mobile money use in Ethiopia," IFPRI discussion papers 2295, International Food Policy Research Institute (IFPRI).
• Kumhof, Michael, 2025. "The Chicago Plan Revisited - Debt-free Money, Growth, and Stability," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325358, Verein für Socialpolitik / German Economic Association.
• Daniel O. Beltran & Julio L. Ortiz, 2025. "Inflation's Shared DNA: Regional and Global Factors in Post-Pandemic Core Inflation," FEDS Notes 2025-09-19-3, Board of Governors of the Federal Reserve System (U.S.).
• Chang Ma & Alessandro Rebucci & Sili Zhou, 2025. "A Nascent International Financial Channel of China’s Monetary Policy Transmission," NBER Working Papers 34291, National Bureau of Economic Research, Inc.
• Kagerer, Benedikt & Pancaro, Cosimo & Reghezza, Alessio & De Vito, Antonio, 2025. "Hidden weaknesses: the role of unrealized losses in monetary policy transmission," Working Paper Series 3129, European Central Bank.