Report NEP-MON-2025-12-22

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:

• Duarte, João B. & Pires, Mariana N., 2025, "Financial integration and the transmission of monetary policy in the euro area," Working Paper Series, European Central Bank, number 3165, Dec.
• Viktoria Alaverdyan & Gevorg Minasyan & Aleksandr Shirkhanyan, 2025, "When Risk Shifts, not Shrinks: Bank Portfolio Responses to FX Macroprudential Regulation," Working Papers, Central Bank of Armenia, number WP-2025-04, Dec.
• Pablo Aguilar-Perez, 2025, "Monetary Policy and Life Insurance Profitability: Bancassurance’s Edge in a Low-Yield World," Working Papers, CEPII research center, number 2025-22, Dec.
• Tatul Hayruni & Mane Pirumyan & Aleksandr Shirkhanyan, 2025, "Silent Runs in a Dollarized Banking System: Depositor-level Evidence from Financial and Geopolitical Shocks," Working Papers, Central Bank of Armenia, number WP-2025-06, Dec.
• Le Roux, Thomas, 2025, "Geopolitical Shocks, Fiscal Dominance, and the TPI Conditionality: A Structural Conflict in the Euro Area," MPRA Paper, University Library of Munich, Germany, number 126750, Nov, revised 07 Nov 2025.
• Larsen, Mathias & Jackson, James, 2025, "Revisiting central bank independence for the climate era: insights from the People's Bank of China," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 130460, Nov.
• Lovisa Reiche & Gabriele Galati & Richhild Moessner & Maarten van Rooij, 2025, "Who’s on FIRE? Household characteristics and the formation of inflation expectations," Working Papers, DNB, number 852, Dec.
• Kliem, Martin & Metiu, Norbert, 2025, "Shaping the financial cycle through monetary policy," Discussion Papers, Deutsche Bundesbank, number 33/2025.
• Koppenberg, Maximilian & Hirsch, Stefan, 2024, "Do food manufacturers drive inflation in Europe? An analysis of firm-level markups and their persistence," 2024 Annual Meeting, July 28-30, New Orleans, LA, Agricultural and Applied Economics Association, number 343671, DOI: 10.22004/ag.econ.343671.
• Anahit Matinyan, 2025, "Exchange Rate Pass-Through To Inflation In Armenia: A Disaggregated And Shock-Based Analysis," Working Papers, Central Bank of Armenia, number WP-2025-05, Dec.
• Butt, Asad Ejaz, 2025, "Supply-Driven Inflation: Anchored Expectations and Optimal Macroeconomic Policy Response," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 333975.
• Chihiro Shimizu & W. Erwin Diewert, 2025, "Challenges in Consumer Price Index Construction," Working Papers, Tokyo Center for Economic Research, number e219, Dec.
• Djeneba Dramé & Florian Léon, 2025, "Monetary Policy Shifts: How Firms Respond
  [Quand la politique monétaire change, les entreprises suivent]," Post-Print, HAL, number hal-05385539, Oct.
• César Anzola Bravo & Paola Poveda, 2025, "Forecasting Disaggregated Food Inflation Baskets in Colombia with an XGBoost Model," Borradores de Economia, Banco de la Republica de Colombia, number 1335, Dec, DOI: 10.32468/be.1335.
• Zakaria Savon, 2025, "Does Monetary Policy Affect the Stability of Islamic Banks?," Post-Print, HAL, number hal-05321401, Oct, DOI: 10.32479/ijefi.19944.
• Ulrich Roschitsch & Hannes Twieling, 2025, "United in Booms, Divided in Busts: Regional House Price Cycles and Monetary Policy," Staff Working Papers, Bank of Canada, number 25-36, Dec, DOI: 10.34989/swp-2025-36.
• Lay, Sok Heng & Sam, Vichet, 2025, "The Digital Leap: Assessing the Impact of Payment Technologies on Currency Choices in Cambodia," MPRA Paper, University Library of Munich, Germany, number 126747, Aug.
• Josef Simpartl, 2025, "Social Media as a Monetary Policy Tool? Evidence from a Survey Experiment," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2025/29, revised 2025.
• Adib Rahman & Liang Wang, 2025, "Central Bank Digital Currency, Tax Evasion, and Monetary Policy with Heterogeneous Agents," Working Papers, University of Hawaii at Manoa, Department of Economics, number 202505, Nov.
• Pablo Aguilar-Perez, 2025, "Global Spillovers of US Monetary Policy: New Insights from the Remittance Channel," Working Papers, CEPII research center, number 2025-21, Dec.
• Coleman, Andrew & Karagedikli, Özer, , "The Relative Size of New Zealand Exchange Rate and Interest Rate Responses to News," Motu Working Papers, Motu Economic and Public Policy Research, number 292650, DOI: 10.22004/ag.econ.292650.
• Naveen Rai & Hayley Touchburn & Matt West, 2025, "Inflation Expectations in Action: Exploring Agents’ Behaviour in a Period of High Inflation," Discussion Papers, Bank of Canada, number 2025-18, Dec, DOI: 10.34989/sdp-2025-18.
• Hall, Viv & Huang, Angela, , "WOULD ADOPTING THE US DOLLAR HAVE LED TO IMPROVED INFLATION, OUTPUT AND TRADE BALANCES FOR NEW ZEALAND IN THE 1990s?," Motu Working Papers, Motu Economic and Public Policy Research, number 293013, DOI: 10.22004/ag.econ.293013.
• Sayag, Doron & Snir, Avichai & Levy, Daniel, 2025, "0.001% and Counting: Revisiting the Price Rounding Tax," MPRA Paper, University Library of Munich, Germany, number 126714, Nov.
• Khemraj, Tarron, 2024, "Macroeconomic effects of government’s overdraft on its central bank account," MPRA Paper, University Library of Munich, Germany, number 126637, May.
• Luis Uzeda, 2025, "Pulse check: Measuring underlying inflation and its drivers," Staff Analytical Notes, Bank of Canada, number 2025-29, Dec, DOI: 10.34989/san-2025-29.
• Christian R. Proano & Naira Kotb, 2025, "Monetary Policy, Stock Prices and Temporal Aggregation in a New Keynesian Model with Behavioural Expectations," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2025-68, Dec.
• Robert A. Buckle & Michael Ryan & Zhongchen Song, 2025, "Inflation and the Changing Nature of Firm Price Adjustment: Six Decades Worth of Evidence," Working Papers in Economics, University of Waikato, number 25/06, Dec.
• Yosuke, Fukunishi & Haorong Qiu and Fan Ye & Akihiko Takahashi & Fan Ye, 2025, "Generating the Term Structure of Interest Rates with Diffusion Modelss," CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo, number CIRJE-F-1262, Dec.
• Nicolás Cachanosky & Emilio Ocampo, 2024, "Conflict theories on inflation: a note," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 887, Dec.
• Husnu C. Dalgic, 2025, "When Is Liquidity Bad?," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2025_723, Dec.
• Tao Liu & Dong Lu & Liang Wang, 2025, "Hegemony or Harmony? A Unified Framework for the International Monetary System," Working Papers, University of Hawaii at Manoa, Department of Economics, number 202504, Sep.
• Tevdovski, Dragan & Hadzi-Velkova, Biljana, 2025, "What is the interest rate pass-through under surplus liquidity in the banking sector?," MPRA Paper, University Library of Munich, Germany, number 126691, Nov.