Report NEP-MON-2026-01-05

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:

• Ting Lan & Lerong Li & Mr. Minghao Li, 2025, "Cyclical Inequality in the Cost of Living and Implications for Monetary Policy," IMF Working Papers, International Monetary Fund, number 2025/264, Dec.
• Michael Bordo & Oliver Bush & Ryland Thomas, 2025, "Narrative Account of the Great Inflation in the UK, 1961–1997," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies., number 348, Oct.
• Miguel Acosta & Andrea Ajello & Michael D. Bauer & Francesca Loria & Silvia Miranda-Agrippino, 2025, "Financial Market Effects of FOMC Communication: Evidence from a New Event-Study Database," Working Paper Series, Federal Reserve Bank of San Francisco, number 2025-30, Dec, DOI: 10.24148/wp2025-30.
• Andreas Schrimpf & Markus Sihvonen, 2025, "Inflation and the joint bond-FX spanning puzzle," BIS Working Papers, Bank for International Settlements, number 1320, Dec.
• Benjamin Born & Nora Lamersdorf & Jana-Lynn Schuster & Sascha Steffen, 2025, "From Tweets to Transactions: High-Frequency Inflation Expectations, Consumption, and Stock Returns," CESifo Working Paper Series, CESifo, number 12361.
• Grodecka-Messi, Anna & Kliem, Martin & Muller, Gernot J., 2025, "Central Bank Losses and Inflation: 350 Years of Evidence," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 457, Nov.
• Ursel Baumann & Annalisa Ferrando & Dimitris Georgarakos & Yuriy Gorodnichenko & Timo Reinelt, 2025, "Firms’ Inflation Expectations in a Monetary Union," Working Paper Series, Federal Reserve Bank of San Francisco, number 2025-29, Dec, DOI: 10.24148/wp2025-29.
• Mathilde Dufouleur, 2025, "Do stablecoins affect monetary policy transmission?
  [Les stablecoins influencent-ils la transmission de la politique monétaire ?]," Eco Notepad, Banque de France, number 416, Nov.
• Xudong An & Saket Hegde & Harren Jan & Mete Kilic & Rodney Ramcharan, 2025, "The Fed Put and Bank Risk-Taking Evidence from the Loan Book," Working Papers, Federal Reserve Bank of Philadelphia, number 25-42, Dec, DOI: 10.21799/frbp.wp.2025.42.
• Leila Aghabarari & Sophia Chen & Deniz Igan & Bernardus Van Doornik, 2025, "The Nuanced Role of Government Credit on Monetary Policy Transmission," Working Papers Series, Central Bank of Brazil, Research Department, number 636, Dec.
• Milena Djourelova & Filippo Ferroni & Leonardo Melosi & Alessandro Villa, 2025, "One Fed, Many Voices: Coordinated Communication vs. Transparent Debate," Working Paper Series, Federal Reserve Bank of Chicago, number WP 2025-23, Nov, DOI: 10.21033/wp-2025-23.
• Michael Barczay & Shafik Hebous & Fayçal Sawadogo & Jean-Francois Wen, 2025, "Taxing Mobile Money: Theory and Evidence," CESifo Working Paper Series, CESifo, number 12322.
• Duk Gyoo Kim & Ohik Kwon & Seungduck Lee, 2025, "Public Demand and Financial Implications for Retail CBDC: A Randomized Survey Experiment," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2025rwp-274, Dec.
• Aurélien Guillou & Albin Salmon & Paul Vertier, 2025, "Inflation and trust in the central bank in non-advanced economies
  [Inflation et confiance en la banque centrale dans les économies non-avancées]," Eco Notepad, Banque de France, number 423, Dec.
• Hegemann, Hendrik & Wieland, Volker, 2025, "Moment of the euro? Perceptions of US dollar decline," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 225.
• Ma, Chang & Rebucci, Alessandro & Zhou, Sili, 2025, "A nascent international financial channel of China's monetary policy transmission," BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT), number 10/2025.
• Lucia Gurrieri & Chase P. Ross & Ben Schmiedt & Alexandros Vardoulakis & Vladimir Yankov, 2025, "Central Bank Access and Flight to Safety," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-100, Nov, DOI: 10.17016/FEDS.2025.100.
• Wieland, Volker & Hegemann, Hendrik, 2025, "ECB policy and strategy review: Potential improvements," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 224.
• Emil Holst Partsch & Petrella Ivan & Emiliano Santoro, 2025, "Consumer durables and monetary policy according to HANK," Working papers, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino, number 102, Dec.
• Juan Pablo Di Iorio, 2025, "Fiscal dominance, shocks, and the currency distribution of sovereign debt: the case of a small open economy," Young Researchers Working Papers, Universidad de San Andres, Departamento de Economia, number 19, Jul, revised Dec 2025.
• Marcin Kolasa & Oliver Vogt & Pawel Zabczyk, 2025, "Optimal FX Interventions with Limited Reserves," IMF Working Papers, International Monetary Fund, number 2025/261, Dec.
• Grigorios Rapos & Stylianos Fountas, 2025, "Tracing Contagion between Bitcoin and Traditional Markets," Discussion Paper Series, Department of Economics, University of Macedonia, number 2025_02, Feb, revised Feb 2025.
• Richard Kima & Keagile Lesame, 2025, "Macroeconomic effects of lowering South Africa's inflation target: An SVAR analysis," WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER), number wp-2025-106.
• Degiannakis, Stavros & Delis, Panagiotis & Filis, George, 2025, "Disaggregated inflation rates: Some preliminary economic analysis for Greece," MPRA Paper, University Library of Munich, Germany, number 127227, Apr.
• Diogo Abry Guillen & Victor Monteiro, 2025, "An Organizational Structure Approach to Price Setting and Monetary Policy," Working Papers Series, Central Bank of Brazil, Research Department, number 638, Dec.
• Roxana Khabazzadeh Moghadam, 2025, "Lessons from a Parallel Economy: Crypto and the Limits of Central Banks
  [Les leçons d’une économie parallèle : les crypto-actifs et les limites des banques centrales]," Eco Notepad, Banque de France, number 415, Nov.
• Cristina Badarau & Eleonora Cavallaro & Stefania Stancu, 2025, "Corporate debt structure and monetary policy transmission: a general equilibrium approach," Working Papers, International Network for Economic Research - INFER, number 2025.21.
• David M. Arseneau & Elizabeth C. Klee & Antonis Kotidis & Michael Siemer, 2025, "The Federal Reserve’s Response to the 2023 Banking Turmoil: The Bank Term Funding Program," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-099, Nov, DOI: 10.17016/FEDS.2025.099.
• Jan David Schneider, 2025, "The Sectoral Origins of Post-Pandemic Inflation," Staff Working Papers, Bank of Canada, number 25-37, Dec, DOI: 10.34989/swp-2025-37.
• Sami Alpanda & Serdar Kabaca, 2025, "Portfolio Rebalancing Channel and the Effects of Large-Scale Stock and Bond Purchases," Staff Working Papers, Bank of Canada, number 25-38, Dec, DOI: 10.34989/swp-2025-38.
• Johannes Eugster & Giovanni Rosso & Pinar Yesin, 2025, "The rise of inelastic intermediaries and exchange rate dynamics," Working Papers, Swiss National Bank, number 2025-17.
• Martin McCarthy & Stephen Snudden, 2025, "Forecasts of Period-average Exchange Rates: Insights from Real-time Daily Data," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2025-09, Dec, DOI: 10.47688/rdp2025-09.
• Marc Rysman & Shuang Wang & Krzysztof Wozniak, 2025, "Understanding Preferences for Payment Cards using Household Scanner Data," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2025-096, Oct, DOI: 10.17016/FEDS.2025.096.
• Gustavo Silva Araujo & José Valentim Machado Vicente & Wagner Piazza Gaglianone, 2025, "Determinants of the Risk Premium in Brazilian Nominal Interest Rates," Working Papers Series, Central Bank of Brazil, Research Department, number 637, Dec.
• Marco Pinchetti, 2025, "Geopolitical risk and inflation: the role of energy markets
  [Risque géopolitique et inflation : le rôle des marchés de l’énergie]," Eco Notepad, Banque de France, number 420, Nov.

Report NEP-MON-2026-01-05

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: