Report NEP-MON-2026-02-09

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:

• Kohei Hasui & Tomohiro Sugo & Yuki Teranishi, 2026, "Liquidity Trap and Optimal Monetary Policy: Evaluations for U.S. Monetary Policy from 2020 to 2023," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2026-03, Jan.
• FUJITA, Shumpei & IIBOSHI, Hirokuni & SHINTANI, Mototsugu, 2026, "Macroeconomic Effects of Unconventional Monetary Policy in Japan : Analysis Using Narrative Sign Restrictions," Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University, number HIAS-E-156, Jan.
• Mucai Lin & Zhiwu Hong & Linlin Niu, 2026, "Silent News in China's Monetary Policy Announcements: Dual-Shock Identification with Ordered Heteroskedasticity," Working Papers, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University, number 2026-02-01, Feb.
• Kelsey O'Flaherty, 2026, "A New Reason to Hate Grocery Inflation: Measuring and Interpreting Inflation Heterogeneity," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-001, Jan, DOI: 10.17016/FEDS.2026.001.
• KANO, Kazuko & KANO, Takashi, 2026, "Lost In Monetary Translation : Monetary Singleness and Relative Price Distortions," Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University, number HIAS-E-155, Jan.
• William L. Gamber, 2026, "Firm Dynamics, Inflation, and the Transmission of Monetary Policy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-003, Jan, DOI: 10.17016/FEDS.2026.003.
• Mohammad Al-Hashel & Atef Alrashidi & Youssef Saidi, 2024, "Does Monetary Policy Respond Differently to Oil Price Shocks? New Evidence from The Gulf Cooperation Council Countries," Working Papers, Economic Research Forum, number 1735, Sep, revised 20 Sep 2024.
• Joseph Abadi & Jesús Fernández-Villaverde & Daniel Sanches, 2026, "International Currency Dominance," PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, number 26-003, 01.
• Gersbach, Hans & van Buggenum, Hugo & Zelzner, Sebastian, 2026, "Stablecoins as private money: A policy agenda," CFS Working Paper Series, Center for Financial Studies (CFS), number 738, DOI: 10.2139/ssrn.6107827.
• Michael Junho Lee & Antoine Martin, 2026, "Programming Money Without Programmable Money," Staff Reports, Federal Reserve Bank of New York, number 1180, Feb, DOI: 10.59576/sr.1180.
• Simone Lenzu, 2026, "Anatomy (not Autopsy) of the Phillips Curve," Liberty Street Economics, Federal Reserve Bank of New York, number 20260204, Feb, DOI: 10.59576/lse.20260204.
• Linlin Niu & Haoran Bai & Zhiwu Hong, 2026, "Geopolitical Risks, Inflation Pressure, and the U.S. Treasury Yield Curve," Working Papers, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University, number 2025-09-25, Feb.
• Serpil Kahraman & Merve Keser, 2025, "A Comprehensive Review on Green Central Banking Adoption," RAIS Conference Proceedings 2022-2025, Research Association for Interdisciplinary Studies, number 0584, Aug.
• Simone Lenzu, 2026, "Does the Phillips Curve Steepen When Costs Surge?," Liberty Street Economics, Federal Reserve Bank of New York, number 20260205, Feb, DOI: 10.59576/lse.20260205.
• Vipin P Veetil, 2026, "The Cost of Inflation," Papers, arXiv.org, number 2601.18544, Jan, revised Jan 2026.
• Xuesong Huang & Todd Keister, 2026, "Stablecoins vs. Tokenized Deposits: The Narrow Banking Debate Revisited," Staff Reports, Federal Reserve Bank of New York, number 1179, Feb, DOI: 10.59576/sr.1179.
• Mohamed Safouane Ben Aıssa & Firas Nfikha, 2025, "Informality and Heterogeneity: Assessing Monetary Policy Transmission in Tunisia," Working Papers, Economic Research Forum, number 1820, Dec, revised 19 Dec 2025.
• Joana Sousa-Leite, 2026, "Crossing the zero lower bound: credit supply under negative policy rates," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2026/0404, Feb.
• McCann, Ewen & Giles, David, , "Divisia Monetary Aggregates and the Real User Cost of Money," Department of Economics Discussion Papers, University of Canterbury - New Zealand, number 262891, DOI: 10.22004/ag.econ.262891.
• McClung, Nigel, 2025, "Why should fiscal imbalances concern policymakers at independent inflation-targeting central banks?," BoF Economics Review, Bank of Finland, number 4/2025.
• Silvia Miranda-Agrippino & John C. Williams, 2026, "Interest Rate Surprises When the Fed Doesn’t Speak," Staff Reports, Federal Reserve Bank of New York, number 1178, Feb, DOI: 10.59576/sr.1178.
• Eric Fortier, 2026, "Specification Choice in Local Projections: Evidence from Monetary Policy Shocks," Discussion Papers, Department of Economics, Simon Fraser University, number dp26-01, Jan.
• Item repec:idb:brikps:14480 is not listed on IDEAS anymore

• Costas Lapavitsas, 2026, "The Dollar and the F-35: Balance-Sheet Imperialism," Working Papers, Department of Economics, SOAS University of London, UK, number 272, Jan.
• Burcu Duygan-Bump & R. Jay Kahn, 2026, "The Central Bank Balance-Sheet Trilemma," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-01-14, Jan, DOI: 10.17016/2380-7172.3979.
• Siklos, Pierre L. & Bohl, Martin T., , "Do Words Speak Louder than Actions? Monetary Policy at the Bundesbank," Department of Economics Discussion Papers, University of Canterbury - New Zealand, number 263798, DOI: 10.22004/ag.econ.263798.
• Li Tuobang, 2026, "On the Anchoring Effect of Monetary Policy on the Labor Share of Income and the Rationality of Its Setting Mechanism," Papers, arXiv.org, number 2601.13675, Jan, revised Jan 2026.
• Karen Dynan & David Wilcox, 2026, "The COVID era inflation surge: Causes, consequences, and policy lessons," Policy Briefs, Peterson Institute for International Economics, number PB26-3, Jan.
• Daniil Bargman & Francesca Medda & Akash Sedai Sharma, 2026, "Latent Variable Phillips Curve," Papers, arXiv.org, number 2601.11601, Jan.
• Smyth, David J. & Woodfield, Alan E., , "Inflation, Unemployment and Macroeconomic Policy in New Zealand: A Public Choice Analysis," Department of Economics Discussion Papers, University of Canterbury - New Zealand, number 262940, DOI: 10.22004/ag.econ.262940.
• Smyth, David J. & Woodfield, Alan E., , "Inflation - Unemployment Choices in New Zealand and the Median Voter Theorem," Department of Economics Discussion Papers, University of Canterbury - New Zealand, number 269544, DOI: 10.22004/ag.econ.269544.
• Bojan Shimbov & Oliver Morrissey & Maite Alguacil, 2025, "The Impact Of Remittances On Domestic Investment And Consumption Expenditures: The Case Of North Macedonia," Proceedings of the 5th International Conference "Economic and Business Trends Shaping the Future" 2024, Faculty of Economics-Skopje, Ss Cyril and Methodius University in Skopje, number 028, Dec.