Report NEP-MON-2026-03-30

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:

• Edward Nelson, 2026, "The Practice of U.S. Monetary Policy Independence from Martin to Greenspan," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-014, Mar, DOI: 10.17016/FEDS.2026.014.
• Mahmood, Asif et al., 2025, "Monetary Policy Transmission Mechanism in Pakistan: What We Know and What We Need to Know?," MPRA Paper, University Library of Munich, Germany, number 128120, Jun.
• Reiner Martin & Piroska Nagy Mohacsi & Tatiana Evdokimova & Jan Klacso & Olga Ponomarenko, 2026, "Central Bank Communication on Financial Stability – A Shadowed Sibling? The Tale of Central Europe," Working and Discussion Papers, Research Department, National Bank of Slovakia, number WP 5/2026, Mar.
• Shunsuke Haba & Ryuichiro Hirano & Yuichiro Ito & Sohei Kaihatsu, 2026, "Changes in Perceptions about Monetary Policy: Estimating the Policy Reaction Function Using Market Survey Data," Bank of Japan Working Paper Series, Bank of Japan, number 26-E-5, Mar.
• Furukawa, Yoko, 2026, "Disequilibrium Inflation," MPRA Paper, University Library of Munich, Germany, number 127878, Jan.
• Calvo, Guillermo A. & Velasco, Andres, 2026, "Joined at the hip: monetary and fiscal policy in a liquidity-dependent world," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 137613, Feb.
• Ricardo J. Caballero & Alp Simsek, 2026, "Financial Conditions Targeting in a Multi-Asset Open Economy," NBER Working Papers, National Bureau of Economic Research, Inc, number 34974, Mar.
• Hyeongwoo Kim & Shuwei Zhang, 2026, "When to Align and When to Contract: Technology Shocks, Optimal Policies, and Exchange Rate Regimes," Working Papers, Towson University, Department of Economics, number 2026-03, Mar, revised Mar 2026.
• Giannetti, Mariassunta & Jasova, Martina & Mendicino, Caterina & Supera, Dominik, 2026, "Securities losses and the bank collateral channel of monetary transmission," Working Paper Series, European Central Bank, number 3209, Mar.
• Ellis W. Tallman & Saeed Zaman, 2026, "A New Model of Trend Inflation Using Disaggregates, Survey Expectations, and Uncertainty," Working Papers, Federal Reserve Bank of Cleveland, number 26-08, Mar, DOI: 10.26509/frbc-wp-202608.
• James Morley & Jing Tian & Ben Zhe Wang, 2026, "Disagreement over the Nature of Macroeconomic Shocks," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2026-21, Mar.
• Michał Brzoza-Brzezina & Paweł Galiński & Makarski Krzysztof, 2025, "Monetary and fiscal policy in a two-country model with behavioral expectations," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2025-110, Mar, DOI: 10.33119/kaewps2025110.
• Lea Best & Benjamin Born & Manuel Menkhof, 2026, "The Impact of Interest: Firms’ Investment Sensitivity to Interest Rates," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2025_737, Mar.
• Paweł Galiński, 2026, "Beliefs That Move the Economy: Shocks to Firms’ and Households’ Inflation Expectations," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2026-120, Feb, DOI: 10.33119/kaewps2026120.
• Momo Komatsu, 2025, "To Cap or Not to Cap? Energy Crises in a Currency Union," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.), number 1428, Dec, DOI: 10.17016/IFDP.2025.1428.
• Budnik, Katarzyna, 2026, "Digital banking and the evolving monetary policy transmission," Working Paper Series, European Central Bank, number 3206, Mar.
• Paweł Kopiec, 2025, "Monetary-Fiscal Forward Guidance," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2025-109, Mar, DOI: 10.33119/kaewps2025109.
• Vincent Notte, 2026, "Exchange rate pass-through in Latin America: Does dollarization matter?," LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), number 2026007, Mar.
• Marcin Kolasa & Sahil Ravgotra & Pawel Zabczyk, 2025, "Monetary Policy and Exchange Rate Dynamics in a Behavioral Open Economy Model," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2025-111, Mar, DOI: 10.33119/kaewps2025111.
• Di Casola, Paola & Grothe, Magdalena, 2026, "Housing wealth and monetary policy transmission: cross-country evidence," Working Paper Series, European Central Bank, number 3204, Mar.
• Sugata Marjit & Suryaprakash Mishra & Sanghita Mandal & Mayukh Basu, 2026, "Monetary Policy and Interest rate Volatility – The Role of Inequality and Imperfect Credit Market," CESifo Working Paper Series, CESifo, number 12556.
• Ambler, Kate & Bakhtiar, M. Mehrab & Bloem, Jeffrey R. & Uddin, Mohammad Riad, 2025, "Show me the money! Experimental evidence on preferences for cash vs. digital payment," GSSP working papers, International Food Policy Research Institute (IFPRI), number 2385, Dec.
• Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2026, "The redistributive power of business cycle fluctuations," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2026-121, Feb, DOI: 10.33119/kaewps2026121.
• Yining Ding & Ruyi Liu & Marek Rutkowski, 2026, "Choice of Collateral Currency in Differential Swaps," Papers, arXiv.org, number 2603.07863, Mar.
• Thomas Ferguson & Jie Chen & Matthias Lalisse & Paul Jorgensen, 2026, "Move Fast and Break Everything: Crypto, Democrats and Deregulation," Working Papers Series, Institute for New Economic Thinking, number inetwp245, Jan, DOI: 10.36687/inetwp245.
• Takagi, Shinji, 2026, "Fugitive or Orphan? The Shanghai Yen in the Early Days of the Sino-Japanese War, 1938-1939," AGI Working Paper Series, Asian Growth Research Institute, number 2026-04, Feb.
• Falk Bräuning & Joanna Stavins, 2026, "How Interest Rate Changes Affect Credit Card Spending," Current Policy Perspectives, Federal Reserve Bank of Boston, number 26-2, Mar.
• Ruthira Naraidoo, 2026, "Monetary and fiscal implications of commodity price shocks for commodity-exporting small open economies," WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER), number wp-2026-24.
• Maxime Malafosse & Amandine Pascal, 2026, "A set of prescriptive design principles to support community currencies as commons," Post-Print, HAL, number emse-05520945, Apr, DOI: 10.1016/j.technovation.2026.103510.
• Schöller, Vanessa, 2026, "Repo market networks: dynamics under financial stress," Working Paper Series, European Central Bank, number 3205, Mar.
• Joseph Kopecky, 2026, "E Pluribus Euro: Minimum Fiscal Capacity for Collective Trade Policy in a Currency Union," Trinity Economics Papers, Trinity College Dublin, Department of Economics, number tep0426, Mar.
• Ferrari Minesso, Massimo & Lebastard, Laura & Bagur, Olga Triay, 2026, "Interlinking payment systems and trade flows," Working Paper Series, European Central Bank, number 3202, Mar.
• Ricardo Lagos & Gaston Navarro, 2026, "Reserve Demand Estimation with Minimal Theory," NBER Working Papers, National Bureau of Economic Research, Inc, number 34972, Mar.
• Michał Król & Andrzej Torój, 2025, "Is panel Currency Demand equation homogeneous, why not, and what it means for shadow economy measurement," KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis, number 2025-106, Jan, DOI: 10.33119/kaewps2025106.
• Zhang, Yuliang, 2026, "On the measurement of bank vulnerability," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 137224, Mar.
• Vladimir Asriyan & Priit Jeenas & Alberto Martin, 2026, "Frost and fire: A tale of two crises," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1941, Mar.
• Tjantana Barro & Michal Marencak & Giang Nghiem, 2026, "The Green Transition and Households’ Macroeconomic Expectations: A Survey Experiment," Working and Discussion Papers, Research Department, National Bank of Slovakia, number WP 4/2026, Mar.
• Pawel Janas, 2026, "Lender of Last Resort and Local Economic Outcomes," NBER Working Papers, National Bureau of Economic Research, Inc, number 34988, Mar.

Report NEP-MON-2026-03-30

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: