Report NEP-MON-2025-10-27

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:

• Ugo Albertazzi & Lorenzo Burlon & Tomas Jankauskas & Nicola Pavanini, 2025. "The Shadow Value of Central Bank Lending," Liberty Street Economics 20251016, Federal Reserve Bank of New York.
• Jbir, Hamdi, 2024. "Impact of monetary and macroprudential policy shocks on systemic risk: what role for the central bank governance ?," MPRA Paper 125437, University Library of Munich, Germany, revised 2025.
• Alexandra Piller & Marc Schranz & Larissa Schwaller, 2025. "Using Natural Language Processing to Identify Monetary Policy Shocks," Working Papers 25.05, Swiss National Bank, Study Center Gerzensee.
• Tarron Khemraj, 2024. "Macroeconomic Effects of a Government Overdraft on Its Central Bank Account," Economics Working Paper Archive wp_1050, Levy Economics Institute.
• Cobham, David, 2025. "Monetary policy frameworks from 1999 to 2003: the less it changes the less it stays the same," MPRA Paper 124937, University Library of Munich, Germany.
• AUGA, Esdras, 2025. "L’impact des tensions géopolitiques et les trajectoires divergentes des politiques monétaires [The impact of geopolitical tensions and the divergent paths of monetary policies]," MPRA Paper 126565, University Library of Munich, Germany.
• Suman Basu & Emine Boz & Gita Gopinath & Francisco Roch & Filiz Unsal, "undated". "Integrated Monetary and Financial Policies for Small Open Economies," Department of Economics Working Papers 2025-10, Universidad Torcuato Di Tella.
• Fernando M. Martin, 2025. "Is the U.S. in an Above-Target Inflation Regime?," On the Economy 101977, Federal Reserve Bank of St. Louis.
• Laura Lisset Montiel-Orozco, 2024. "Rise and Fall of Mexican Super Peso: Heterodox Perspective versus Orthodoxy," Economics Working Paper Archive wp_1057, Levy Economics Institute.
• Francesco Montaruli & Roberto Rinaldi, 2025. "The Cambridge School of Monetary Theory: an Empirical Analysis for Italy," Quaderni di storia economica (Economic History Working Papers) 56, Bank of Italy, Economic Research and International Relations Area.
• Pelizzon, Loriana & Mattiello, Riccardo & Schlegel, Jonas, 2025. "Growth of non-bank financial intermediaries, financial stability, and monetary policy," SAFE Working Paper Series 458, Leibniz Institute for Financial Research SAFE.
• Dimitris Korobilis & Leif Anders Thorsrud, 2025. "Evaluating Monetary Policy using Deviation Errors," Working Papers No 08/2025, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
• Michalis Nikiforos & Simon Grothe, 2024. "Markups, Profit Shares, and Cost-Push-Profit-Led Inflation," Economics Working Paper Archive wp_1037, Levy Economics Institute.
• Pavlina R. Tcherneva & Eric Tymoigne, 2024. "Seismic Shifts in Economic Theory and Policy from the Bernanke Doctrine to Modern Money Theory," Economics Working Paper Archive wp_1064, Levy Economics Institute.
• Tanweer Akram & Khawaja Mamun, 2023. "Euro Interest Rate Swap Yields: A GARCH Analysis," Economics Working Paper Archive wp_1034, Levy Economics Institute.
• Kenneth Eva & Michael J. Lamla & Damjan Pfajfar, 2025. "State-Dependent Sticky Expectations: Evidence and Theory," Working Papers 25-23, Federal Reserve Bank of Cleveland.
• Santiago Camara & Jeanne Aublin, 2025. "In-between Transatlantic (Monetary) Disturbances," Papers 2509.13578, arXiv.org.
• Eric Tymoigne, 2024. "Modern Money Theory on Fiscal and Monetary Policies: Empirics, Theory and Policymaking," Economics Working Paper Archive wp_1061, Levy Economics Institute.
• Vasco Curdia, 2025. "Monetary Policy and The Medium-Run Natural Rate," Working Paper Series 2025-24, Federal Reserve Bank of San Francisco.
• Eiblmeier, Sebastian, 2025. "The Post-2015 German Lending Surge: What Role for QE?," MPRA Paper 126431, University Library of Munich, Germany.
• L. Randall Wray, 2024. "The Value of Money: A Survey of Heterodox Approaches," Economics Working Paper Archive wp_1062, Levy Economics Institute.
• Vaishali Garga & Edward P. Herbst & Alisdair McKay & Giovanni Nicolo & Matthias Paustian, 2025. "Monetary Policy, Uncertainty, and Communications," Working Papers 25-11, Federal Reserve Bank of Boston.
• Tanweer Akram & Khawaja Mamun, 2024. "Euro Interest Rate Swap Yields: Some ARDL Models," Economics Working Paper Archive wp_1051, Levy Economics Institute.
• Sunday Heagbetus, 2025. "Revisiting the Phillips curve in Liberia: An empirical analysis of inflation and unemployment dynamics," Canadian Stata Users' Group Meetings 2025 10, Stata Users Group.
• Dirk Ehnts & Jussi Ora, 2024. "The Swedish Monetary System from a Balance Sheet Perspective," Economics Working Paper Archive wp_1035, Levy Economics Institute.
• Eric Tymoigne, 2024. "The Origins of the Platonic Approach to Monetary Systems: Retracing European and Chinese Monetary Thoughts on Chartalism, Nominalism, and the Origins of Monetary Systems," Economics Working Paper Archive wp_1058, Levy Economics Institute.
• Saba, Danladi Ndayezhin, 2024. "International Monetary Policy Spillovers to Small Open Economies: Evidence from GVAR," MPRA Paper 126271, University Library of Munich, Germany, revised 25 Sep 2025.
• Patrick C. Higgins, 2025. "Assessing the Role of Global Demand and Supply Shocks in the Recent US Inflation Experience Using a Cross-Country Panel Dataset of Professional Forecasts," FRB Atlanta Working Paper 2025-10, Federal Reserve Bank of Atlanta.
• Maximiliano Dvorkin & Fernando Leibovici & Ana Maria Santacreu, 2025. "How Tariffs Are Affecting Prices in 2025," On the Economy 101953, Federal Reserve Bank of St. Louis.
• Romain Baeriswyl & Pierrick Clerc & Camille Cornand, 2025. "Business cycle fluctuations and monetary policy under heterogeneous information: A literature review," Working Papers 2025-16, Swiss National Bank.
• Filip Zahradka & Adam Gersl, 2025. "Evaluating the Effectiveness of Macroprudential Policy Across Macro-Financial Cycles," Working Papers IES 2025/20, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2025.
• Francesco Zezza, 2024. "Fiscal and Monetary Policy in an SFC Model of the Italian Economy," Economics Working Paper Archive wp_1063, Levy Economics Institute.
• Salomé Baslandze & Simon Fuchs, 2025. "The Price of Delay: Supply Chain Disruptions and Pricing Dynamics," FRB Atlanta Working Paper 2025-8, Federal Reserve Bank of Atlanta.
• Karina Lima, 2024. "Monetary Power and Vulnerability to Sovereign Debt Crises: Rethinking the Global Financial Architecture," Economics Working Paper Archive wp_1068, Levy Economics Institute.
• Stefan Jacewitz, 2025. "An Analytical Price of Stablecoin “Deposit” Insurance," Research Working Paper RWP 25-15, Federal Reserve Bank of Kansas City, revised 19 Nov 2025.
• Joaquín Waldman, 2024. "How to end a chronic inflation? Evidence from 47 Latin American stabilization programs," Documentos de trabajo del Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET) 2024-94, Universidad de Buenos Aires, Facultad de Ciencias Económicas, Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET).