Report NEP-MON-2026-05-04

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:

• Robert Ferstl & Bernhard Graf, 2026, "Synchronous but Dissimilar: Heterogeneity in the Bank Lending Channel Across the Euro Area (Robert Ferstl, Bernhard Graf)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 277, Mar.
• Maximilian Böck & Alina Steshkova & Thomas Zörner, 2024, "The Impact of Currency Carry Trade Activity on the Transmission of Monetary Policy (Maximilian Boeck, Alina Steshkova, Thomas O. Zörner)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 258, Sep.
• Bowden, Roger & Lorimer, Dawn, 2026, "Monetary Policy and the exchange rate: The Kiwi that had to fly," Working Paper Series, Victoria University of Wellington, School of Economics and Finance, number 33474.
• Philipp Roderweis & Alexander Toplitsch, 2026, "From traits to rates: How personality shapes inflation expectations (Philipp Roderweis, Alexander Toplitsch)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 272, Feb.
• Hall, Viv B., 2026, "Central Bank Governance: Common Elements or Different Models?," Working Paper Series, Victoria University of Wellington, School of Economics and Finance, number 33501.
• Guido Ascari & Alexandre Carrier & Emanuel Gasteiger & Alex Grimaud & Gauthier Vermandel, 2025, "Monetary policy in the Euro Area, when Phillips curves ... are curves (Guido Ascari, Alexandre Carrier, Emanuel Gasteiger, Alex Grimaud, Gauthier Vermandel)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 270, Dec.
• Piero Garcia, 2026, "The Liquidity Premium Channel of Monetary Policy," Working Papers, Banco Central de Reserva del Perú, number 2026-015, Apr.
• Mirjalili, Seyed hossein & Keshtgar, Nafiseh & Abdurahimian, Mohammad Hossein & Fakhar poor, saeed, 2025, "The Banking Crisis and Macroprudential Policy: Evidence From Iran," MPRA Paper, University Library of Munich, Germany, number 128879, Nov, revised 08 Jan 2026.
• Greitens, Jan, 2026, "Neo-Chartalists are not Knappians. Elements of a historical reconstruction of Georg Friedrich Knapp’s "State Theory of Money."," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 340197.
• Cristina Conflitti & Daniel Enderle & Ludmila Fadejeva & Erwan Gautier & Alex Grimaud & Eduardo Gutiérrez & Valentin Jouvanceau & Jan-Oliver Menz & Alari Paulus & Pavlos Petroulas & Pau Roldan-Blanco , 2026, "Consumer Price Stickiness in the Euro Area During an Inflation Surge (Erwan Gautier, Cristina Conflitti, Daniel Enderle, Ludmila Fadejeva, Alex Grimaud, Eduardo Gutiérrez, Valentin Jouvanceau, Jan-Oliver Menz, Alari Paulus, Pavlos Petroulas, Pau Rold," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 273, Feb.
• Mario González-Frugone & Ignacio Rojas, 2025, "An Assessment of the Effects of Monetary Policy Communication in Chile," Working Papers Central Bank of Chile, Central Bank of Chile, number 1053, Aug.
• Valentina Cortés Ayala & Karlla Muñoz Cáceres & Daniel Pérez Klein, 2025, "Decoding Central Banks' Practices: A Closer Look at Inflation Expectations Surveys," Working Papers Central Bank of Chile, Central Bank of Chile, number 1054, Sep.
• Carlos Madeira, 2026, "The Life Experience of Central Bankers and Monetary Policy Decisions: A Cross-country Dataset," Working Papers Central Bank of Chile, Central Bank of Chile, number 1073, Mar.
• Ngunza Maniata, Kevin & Pinshi, Christian P., 2026, "Should Central Banks Care About Artificial Intelligence? A Review of the Literature," MPRA Paper, University Library of Munich, Germany, number 128352, Mar.
• Felipe Martínez, 2026, "Inflation Heterogeneity and Differential Effects of Monetary and Oil Price Shocks," Working Papers Central Bank of Chile, Central Bank of Chile, number 1076, Mar.
• Carlos A. Medel, 2025, "Exogenous Influences on Long-term Inflation Expectation Deviations: Evidence from Chile," Working Papers Central Bank of Chile, Central Bank of Chile, number 1056, Oct.
• Fernando Pérez, 2026, "Asymmetries and Non-linearities in the Exchange Rate Pass-Through to Inflation – Evidence for Peru," Working Papers, Banco Central de Reserva del Perú, number 2026-007, Apr.
• Bowden, Roger, 2026, "Instrument Insufficiency and Economic Stabilisation," Working Paper Series, Victoria University of Wellington, School of Economics and Finance, number 33499.
• D.W. Kimolo & N.M. Odhiambo & S. Nyasha, 2024, "Inflation Dynamics in Post-Independence Rwanda," Working Papers, African Economic and Social Research Institute (AESRI), number WP072024, Dec.
• Guangling Liu & Marrium Mustapher, 2025, "The effects of monetary policy shocks on inflation: The role of backed and unbacked public debt in a monetary and fiscal policy regime mix," ERSA Working Paper Series, Economic Research Southern Africa, number 899, Feb.
• Klaus Adam & Andrey Alexandrov & Henning Weber, 2026, "The Misallocation Costs of Inflation: A Sufficient Statistics Approach," CEIS Research Paper, Tor Vergata University, CEIS, number 620, Apr, revised 27 Apr 2026.
• Nitin Nair, 2026, "The Effect of Corporate Cash Accumulation on Monetary Policy Transmission: A Stock-flow Consistent Growth Model," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2610, Apr.
• Alexander Meléndez, 2026, "How Much Does Monetary Policy Affect the Fiscal Multipliers in a Small and Open Economy? Evidence from Peru," Working Papers, Banco Central de Reserva del Perú, number 2026-016, Apr.
• Helmut Elsinger & Helmut Stix & Martin Summer, 2025, "Consumer Preferences for a Digital Euro: Insights from a Discrete Choice Experiment in Austria (Helmut Elsinger, Helmut Stix, Martin Summer)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 268, Jul.
• Michael Pfarrhofer & Anna Stelzer, 2026, "Are there asymmetries in euro area monetary policy? (Michael Pfarrhofer, Anna Stelzer)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 276, Mar.
• César Carrera & Marko Razzo, 2026, "Seen and Unseen: NAIRU, informal labor market and talking points for monetary policy," Working Papers, Banco Central de Reserva del Perú, number 2026-001, Apr.
• Ander Pérez-Orive & Yannick Timmer & Alejandro Van der Ghote, 2026, "Monetary Policy under Multiple Financing Constraints," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-021, Apr, DOI: 10.17016/FEDS.2026.021.
• Peter Lihn Jørgensen & Kevin J. Lansing, 2026, "From Volcker to the Pandemic Era: History Dependent Anchoring of Short-Run Expected Inflation," Working Paper Series, Federal Reserve Bank of San Francisco, number 2026-08, Apr, DOI: 10.24148/wp2026-08.
• Ekaterina Pirozhkova & Giovanni Ricco & Nicola Viegi, , "Trouble Every Day: Monetary Policy in an Open Emerging Economy," ERSA Working Paper Series, Economic Research Southern Africa, number 891.
• Evelyn Muñoz-Salas & César Ulate Sancho, 2026, "Monetary Policy Decision-Making and Communication under High Uncertainty: the Case of Costa Rica," Ensayos de Política Económica, Banco Central de Costa Rica, number 2601, Apr.
• Martin Trombetta & Joaquín Waldman & Lautaro Souto, 2026, "The inflation-poverty nexus: evidence from a cross-country approach," Documentos de trabajo del Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET), Universidad de Buenos Aires, Facultad de Ciencias Económicas, Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET), number 2026-116, Mar.
• Marcel Barmeier, 2025, "Targeted but (not) toxic? TLTRO and financial stability (Marcel Barmeier)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 264, Mar.
• Joshua Hausman & John V. Leahy & John Mondragon & Johannes F. Wieland, 2026, "Real Effects of Nominal Interest Rates," Working Paper Series, Federal Reserve Bank of San Francisco, number 2026-07, Apr, DOI: 10.24148/wp2026-07.
• Denys Casiano, 2026, "Interoperability, Payment Substitution, and Household Financial Fragility," Working Papers, Banco Central de Reserva del Perú, number 2026-010, Apr.
• Christian Beer & Robert Ferstl & Bernhard Graf, 2025, "Improving disaggregated short-term food inflation forecasts with webscraped data (Christian Beer, Robert Ferstl, Bernhard Graf)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 262, Jan.
• Martin Summer, 2026, "Privacy by design for public digital money (Martin Summer)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 278, Mar.
• Ghaderi, Mohammad & Seo, Sang Byung & Shaliastovich, Ivan, 2026, "Learning and subjective beliefs about good and bad inflation ranges," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 478.
• Kugler, Peter, 2026, "A Note on Currency Hedging of Dollar Investments of Swiss Investors 1974-2025," Working papers, Faculty of Business and Economics - University of Basel, number 2026/02, Apr.
• Zsofia Döme & Michael Sigmund, 2025, "From Official Guidelines to Practice: Decoding Europe’s Countercyclical Capital Buffer Decisions (Zsofia Döme, Michael Sigmund)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 269, Oct.
• Fernando E. Alvarez & David Argente & Diana Van Patten, 2026, "On the Resilience of Payment Methods," NBER Working Papers, National Bureau of Economic Research, Inc, number 35115, Apr.
• Nico Petz & Thomas Zörner, 2025, "How Phillips Curve Dynamics Enhance Business Cycle Synchronization Analysis in Central and Eastern Europe (Nico Petz, Thomas Zörner)," Working Papers, Oesterreichische Nationalbank (Austrian Central Bank), number 267, May.