Report NEP-MON-2025-12-15

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:

• Andrew Martinez & Tara Sinclair, 2025. "When the Fed Reveals Its Hand: The SEP and Monetary Policy Surprises," Working Papers 2025-013, The George Washington University, The Center for Economic Research.
• Engin Kara, 2025. "The Natural Rate of Inflation," CESifo Working Paper Series 12306, CESifo.
• Emilio Ocampo & Nicolás Cachanosky, 2025. "Monetary dynamics under dollarization: explaining Ecuador’s puzzle," CEMA Working Papers: Serie Documentos de Trabajo. 898, Universidad del CEMA.
• Adina-Elena Fudulache & María del Carmen Castillo Lozoya, 2025. "Demand drivers of central bank liquidity: A time-to-exit TLTRO analysis," Working Papers 2548, Banco de España.
• boughabi, houssam, 2025. "Foreign Investment under Inflationary Pressure: Macroeconomic Fragility in Zimbabwe," MPRA Paper 126785, University Library of Munich, Germany.
• Francesco De Sinopoli & Leo Ferraris & Claudia Meroni, 2025. "Monetary and Fiscal Coordination: Who Imposes Discipline on Whom?," Working Papers 562, University of Milano-Bicocca, Department of Economics.
• Christian Buelens & Staffan Lindén, 2025. "Self-Reported and Revealed Inflation Inattention," European Economy - Discussion Papers 225, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Husnu C. Dalgic & Galip Kemal Ozhan, 2025. "Dominant Currency Pricing and Currency Risk Premia," CRC TR 224 Discussion Paper Series crctr224_2025_717, University of Bonn and University of Mannheim, Germany.
• Michael Barczay & Mr. Shafik Hebous & Fayçal Sawadogo & Jean-François Wen, 2025. "Taxing Mobile Money: Theory and Evidence," IMF Working Papers 2025/255, International Monetary Fund.
• Chao Gu & Janet Hua Jiang & Liang Wang, 2025. "Credit Conditions, Inflation, and Unemployment," Working Papers 202503, University of Hawaii at Manoa, Department of Economics.
• Marijn A. Bolhuis & Mr. Francesco Grigoli & Marcin Kolasa & Mr. Roland Meeks & Mr. Andrea F Presbitero & Zhao Zhang, 2025. "Emerging Market Resilience: Good Luck or Good Policies?," IMF Working Papers 2025/256, International Monetary Fund.
• Giovanni Sciacovelli, 2025. "Monetary Policy Transmission Through Adjustable-Rate Mortgages in the Euro Area," IMF Working Papers 2025/257, International Monetary Fund.
• David Worms, 2025. "Predictability of Monetary Policy Surprises and Euro Area Macroeconomic DynamicsÂ," Working Papers 850, DNB.
• Matthias Burgert & Matthieu Darracq Pariès & Luigi Durand & Mario Gonzalez & Romanos Priftis & Oke Röhe & Matthias Rottner & Edgar Silgado-Gómez & Nikolai Stähler & Janos Varga, 2025. "Macroeconomic effects of carbon-intensive energy price changes: a model comparison," BIS Working Papers 1313, Bank for International Settlements.
• Greg Kaplan, 2025. "Fiscal-Monetary Interactions in the 2020's: Some Insights from HANK Models," RBA Annual Conference Papers acp2025-02, Reserve Bank of Australia, revised Nov 2025.
• Beatrice Pataracchia & Philipp Pfeiffer & Marco Ratto & Jan Teresiński, 2025. "Energy Commodity Price Shocks in the Euro Area Evidence from a Large-Scale Structural Model," European Economy - Discussion Papers 233, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
• Glen Kwende & Erin Nephew, 2025. "Improving the Analytical Usefulness of the IMF’s COFER Data," IMF Technical Notes and Manuals 2025/014, International Monetary Fund.
• Yhlas Sovbetov, 2025. "Phillips curve estimation during tranquil and recessionary periods: evidence from panel analysis," Papers 2512.01697, arXiv.org.
• Ekaterina Shabalina, "undated". "Progressive Taxation and Monetary Policy in Australia," RBA Annual Conference Papers acp2025-03, Reserve Bank of Australia, revised Nov 2025.
• Emilio Ocampo & Nicolás Cachanosky, 2025. "Regime uncertainty and exchange rate dynamics: a political economy perspective," CEMA Working Papers: Serie Documentos de Trabajo. 908, Universidad del CEMA.
• McWilliams, William N. & Isengildina Massa, Olga & Stewart, Shamar L., 2024. "Annual Food Price Inflation Forecasting: A Macroeconomic Random Forest Approach," 2024 Annual Meeting, July 28-30, New Orleans, LA 343923, Agricultural and Applied Economics Association.
• David Romer, "undated". "The Social Insurance Perspective on Fiscal Policy: Implications for Monetary Policy," RBA Annual Conference Papers acp2025-04, Reserve Bank of Australia, revised Nov 2025.
• Yhlas Sovbetov & Muhittin Kaplan, 2025. "Empirical examination of the stability of Expectations-Augmented Phillips Curve for developing and developed countries," Papers 2511.22786, arXiv.org.
• Brand, Claus & Goy, Gavin & Lemke, Wolfgang, 2025. "Estimating the natural rate of interest in a macro-finance yield curve model," Working Paper Series 3160, European Central Bank.
• José E. Bosca & Javier Ferri & Margarita Rubio, 2025. "Bonded Together? Welfare and Stability in a Monetary Union with Core–Periphery Preference Convergence," Working Papers 2025-12, FEDEA.
• Biais, Bruno & Rochet, Jean Charles & Villeneuve, Stéphane, 2025. "Do cryptocurrencies matter?," HEC Research Papers Series 1568, HEC Paris.
• John Beirne & Nuobu Renzhi, 2025. "Geopolitical Risk, Capital Flow Volatility, and Asset Market Spillovers," ADB Economics Working Paper Series 820, Asian Development Bank.
• Yhlas Sovbetov & Muhittin Kaplan, 2025. "Causes of Failure of the Phillips Curve: Does Tranquillity of Economic Environment Matter?," Papers 2511.22785, arXiv.org.
• Xiao Ling & Sourav Ray & Daniel Levy, 2025. "Retail Price Ripples," EconStor Preprints 333236, ZBW - Leibniz Information Centre for Economics.
• Angelini, Elena & Darracq Pariès, Matthieu & Haertel, Thomas & Lalik, Magdalena & Aldama, Pierre & Brázdik, František & Damjanović, Milan & Fantino, Davide & Sanchez, Pablo Garcia & Guarda, Paolo & Ke, 2025. "The ESCB forecasting models: what are they and what are they good for?," Occasional Paper Series 381, European Central Bank.
• Ryan Niladri Banerjee & Boris Hofmann & Ding Xuan Ng & Gabor Pinter, 2025. "The rise of non-bank financial institutions: implications for monetary policy," BIS Bulletins 116, Bank for International Settlements.
• Yhlas Sovbetov, 2025. "Factors Influencing Cryptocurrency Prices: Evidence from Bitcoin, Ethereum, Dash, Litecoin, and Monero," Papers 2511.22782, arXiv.org.
• Karsten Chipeniuk & Marcin Kolasa & Jesper Lindé & Elvis Ludvich & Melanie Quigg, 2025. "Macroeconomic and Fiscal Impacts of Quantitative Easing in New Zealand," RBA Annual Conference Papers acp2025-07, Reserve Bank of Australia, revised Nov 2025.
• Yang Zhou & Shigeto Kitano, 2025. "Geopolitical Risk and Extreme Capital Flow Episodes," Discussion Paper Series DP2025-32, Research Institute for Economics & Business Administration, Kobe University.