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.

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