Report NEP-MON-2025-12-01

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.

Subscribe to this report: email, RSS, or Mastodon, or Bluesky.

Other reports in NEP-MON

The following items were announced in this report:

• José García Revelo & Jean-Guillaume Sahuc & Grégory Levieuge, 2025. "Revisiting 15 Years of Unusual Transatlantic Monetary Policies," Working papers 1018, Banque de France.
• Artta, Katja & Nessén, Marianne & Vredin, Anders & Savoia, Ettore, 2025. "Financial Flows and Exchange Rate Dynamics: Evidence from Sweden," Working Paper Series 456, Sveriges Riksbank (Central Bank of Sweden).
• Catalin Dumitrescu, 2025. "CBDC Stress Test in a Dual-Currency Setting," Papers 2511.13384, arXiv.org, revised Dec 2025.
• Emmanuel Caiazzo & Alberto Zazzaro, 2025. "Price Stability and Financial Stability: Designing the Central Bank Mandate," CSEF Working Papers 767, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
• Fiorella De Fiore & Marco Jacopo Lombardi & Giacomo Mangiante, 2025. "The asymmetric and heterogeneous pass-through of input prices to firms' expectations and decisions," BIS Working Papers 1305, Bank for International Settlements.
• Leef H. Dierks, "undated". "Green Monetary Policy and Operations: Scope and Design," Working Papers wp58, South East Asian Central Banks (SEACEN) Research and Training Centre, revised Nov 2025.
• Richard K. Crump & Keshav Dogra & Dennis Kongoli, 2025. "Is Monetary Policy Still Seasonal?," Liberty Street Economics 20251119, Federal Reserve Bank of New York.
• Sharma, Purushottam & Meena, Dinesh Chand & Anwer, Md. Ejaz, 2024. "Food Price Inflation in India: Determinants and their Asymmetric Impact," IAAE 2024 Conference, August 2-7, 2024, New Delhi, India 344332, International Association of Agricultural Economists (IAAE).
• Serkan Arslanalp & Barry Eichengreen & Chima Simpson-Bell, 2025. "Our Underappreciated International Reserve System," NBER Working Papers 34478, National Bureau of Economic Research, Inc.
• Carlos Madeira, 2025. "The life experience of central bankers and monetary policy decisions: a cross-country dataset," BIS Working Papers 1304, Bank for International Settlements.
• Mrs. Marina Conesa Martinez & Elizabeth Kasekende & Ms. Nan Li & Adam Mugume & Samuel Musoke & Cedric I Okou & Mr. Andrea F Presbitero, 2025. "Monetary Policy Transmission to Household Credit: Evidence from Uganda’s Credit Registry Data," IMF Working Papers 2025/242, International Monetary Fund.
• Markus Brunnermeier & Jonathan Payne, 2025. "Big techs, credit, and digital money," BIS Working Papers 1306, Bank for International Settlements.
• Sylvérie Herbert & Paul Hubert & Mathias Lé, 2025. "When does Monetary Policy Matter? Policy Stance vs. Term Premium News," Working papers 1017, Banque de France.
• Srichander Ramaswamy, "undated". "Wholesale CBDC: Examining the Business Case," Working Papers wp57, South East Asian Central Banks (SEACEN) Research and Training Centre, revised Nov 2025.
• Wenli Cheng, 2025. "The Euro, The Bancor and The Dollar: A Ricardian Model," Monash Economics Working Papers 2025-19, Monash University, Department of Economics.
• boughabi, houssam, 2025. "Ghanaian Inflation and Income Dynamics: Evidence on Volatility and Neutrality," MPRA Paper 126757, University Library of Munich, Germany.
• Rashad Ahmed & James A. Clouse & Fabio Natalucci & Alessandro Rebucci & Geyue Sun, 2025. "Stablecoins: A Revolutionary Payment Technology with Financial Risks," NBER Working Papers 34475, National Bureau of Economic Research, Inc.
• Martin Brown & Daniel Hoechle & Lizet Alejandra Perez Cortes & Markus Schmid, 2025. "Monetary Policy Wealth Effects: Evidence from the 2015 Swiss Franc Shock," Working Papers 25.06, Swiss National Bank, Study Center Gerzensee.
• Martin Geiger & Iacovos Sterghides & Marios Zachariadis, 2025. "When Bad News Breeds Bias: Cross-country Evidence on Inflation-as-a-Bad and Overreaction in Inflation Expectations," University of Cyprus Working Papers in Economics 04-2025, University of Cyprus Department of Economics.
• Bing Zhu & Dorinth van Dijk & Dennis Bonam & Gavin Goy, 2025. "Quantitative easing and global commercial real estate price spillovers," ERES eres2025_180, European Real Estate Society (ERES).
• Viral V Acharya & Raghuram Rajan & Zhi Quan (Bill) Shu, 2025. "When is less more? Bank arrangements for liquidity vs central bank support," BIS Working Papers 1307, Bank for International Settlements.
• Iñaki Aldasoro & Ajit Desai, 2025. "Money Talks: AI Agents for Cash Management in Payment Systems," Staff Working Papers 25-35, Bank of Canada.
• Greg Adams & Evan Dudley & Jean-Sébastien Fontaine & Sofia Tchamova & Andreas Uthemann, 2025. "The Dealer-to-Client Repo Market: A Buoy on a Swaying Sea," Discussion Papers 2025-14, Bank of Canada.
• Luis Herrera & Mara Pirovano & Valerio Scalone, 2025. "From risk to buffer: Calibrating the positive neutral CCyB rate," Working Papers 2544, Banco de España.
• Paolo Varraso, 2025. "Banks’ Maturity Choices and the Transmission of Interest-Rate Risk," CEIS Research Paper 616, Tor Vergata University, CEIS, revised 11 Oct 2025.
• Esteban Cruz-Hidalgo & Stuart Medina-Miltimore & Agustin Mario, 2025. "Currencies Come and Go, but Employment Always Takes Root: Rethinking External Constraints and Monetary Sovereignty in the Periphery," Economics Working Paper Archive wp_1101, Levy Economics Institute.
• Olivier De Jonghe & Konstantīns Benkovskis & Karolis Bielskis & Diana Bonfim & Margherita Bottero & Tamás Briglevics & Martin Cesnak & Mantas Dirma & Marina Emiris & Pálma Filep-Mosberger & Valentin J, 2025. "Household borrowing and monetary policy transmission; post-pandemic insights from nine European," Working Paper Research 485, National Bank of Belgium.
• Nicolás Cachanosky & Emilio Ocampo & Karla Hernández & John Ramseur, 2024. "Did dollarization help Ecuador?," CEMA Working Papers: Serie Documentos de Trabajo. 877, Universidad del CEMA.
• Herzberg, Julika & Knetsch, Thomas A. & Popova, Dilyana & Schaller, Jannik & Schwind, Patrick & Weinand, Sebastian, 2025. "Empirical findings on upper-level aggregation issues in the HICP," Technical Papers 03/2025, Deutsche Bundesbank.
• Iñaki Aldasoro & Ajit Desai, 2025. "AI agents for cash management in payment systems," BIS Working Papers 1310, Bank for International Settlements.
• Rodrigo J. Raad & Juan Pablo Gama, 2025. "Time Consistence And Stable Digital Currency In General Equilibrium," Textos para Discussão Cedeplar-UFMG 688, Cedeplar, Universidade Federal de Minas Gerais.
• Hafsa Hina, 2025. "A Systematic Review of Exchange Rate Studies in the Context of Pakistan," PIDE-Working Papers 2025:3, Pakistan Institute of Development Economics.
• Takushi Kurozumi & Yu Sugioka & Willem Van Zandweghe, 2025. "Monopsonistic Wage-setting and Monetary Policy," Working Papers 25-24, Federal Reserve Bank of Cleveland.
• Maria Arakelyan & Tatiana Evdokimova, 2025. "Elections Matter: Capital Flows and Political Cycles," IMF Working Papers 2025/243, International Monetary Fund.
• Hoffmann, Clemens & Kastens, Lina & vPortugal-Perez, Alberto & von Cramon-Taubadel, Stephan, 2024. "Trade policies and the transmission of international to domestic prices," IAAE 2024 Conference, August 2-7, 2024, New Delhi, India 344313, International Association of Agricultural Economists (IAAE).
• Wändi Bruine de Bruin & Keshav Dogra & Sebastian Heise & Edward S. Knotek & Brent Meyer & Robert W. Rich & Raphael Schoenle & Giorgio Topa & Wilbert Van der Klaauw, 2025. "How Businesses Set Prices—In Their Own Words," Liberty Street Economics 20251124, Federal Reserve Bank of New York.
• Matteo Aquilina & Ulf Lewrick & Federico Ravenna & Lorenzo Schönleber, 2025. "The rise of tokenised money market funds," BIS Bulletins 115, Bank for International Settlements.