Report NEP-MON-2026-06-08

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:

• Bernd Hayo & Matthias Neuenkirch & Manuel Walz, 2026, "Estimating the Demand for a Digital Euro: A Survey Approach for France, Germany and Italy," CESifo Working Paper Series, CESifo, number 12706.
• Lamont, Dougald, 2026, "a/h: the money function. Uncertainty, connection & the law," MPRA Paper, University Library of Munich, Germany, number 128767, Apr.
• Item repec:bge:wpaper:1576 is not listed on IDEAS anymore

• Sam Large & Joe Trim & Ella Barker & Louis Zanden & Phill O’Neill & Chris Sampson, 2026, "The impact of inflation on incremental costs in HTA," Contract Research, Office of Health Economics, number 002533, Jun.
• Luca Benati & Juan Pablo Nicolini, 2025, "The Welfare Costs of Inflation Reconsidered," Department of Economics Working Papers, Universidad Torcuato Di Tella, number 2025_10, Oct.
• Patrick A. Imam & Mr. Tigran Poghosyan, 2026, "One Global Shock, Many Inflation Paths: Explaining Post-COVID Inflation Divergence," IMF Working Papers, International Monetary Fund, number 2026/103, May.
• Takuji Kondo & Yuki Takahashi & Kosuke Takatomi, 2026, "Households' Wage Growth Expectations Formation: The Linkage with Price Inflation Expectations," Bank of Japan Working Paper Series, Bank of Japan, number 26-E-9, May.
• Johanna Tiedemann & Olivier Bizimana & Kiswendsida Tougouma, 2026, "Monetary Policy Transmission in Sub-Saharan Africa: Evidence from Emerging and Frontier Markets," IMF Working Papers, International Monetary Fund, number 2026/102, May.
• Tanisa Tawichsri & Suppawong Tuarob & Nuwat Nookhwun & Chinjuta Sangasaeng, 2026, "News-Based Inflation Expectations: LLM-Assisted Measurement and Forecasting," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 252, May.
• Paul Beaudry & Thomas J Carter & Amartya Lahiri, 2026, "The Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations?," IMF Working Papers, International Monetary Fund, number 2026/097, May.
• Lucyna Gornicka & Sumaiyah R Mirza & Vina Nguyen & Mr. Jerome Vandenbussche, 2026, "When Policy Bites: State-Dependent Monetary Policy Transmission in Emerging Markets," IMF Working Papers, International Monetary Fund, number 2026/096, May.
• Raza, Hassan & Siddiqui, Danish Ahmed, 2026, "CBDC vs Cryptocurrency in Pakistan: A Comparative Review," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 341060.
• Alexander Chudik & Enrique Martínez García, 2026, "Fed’s forecasting edge ebbed prepandemic, persisted in downside inflation surprises," Dallas Fed Economics, Federal Reserve Bank of Dallas, number 103298, May.
• Asker Lau Andersen & Andreas Jakobsen & Mads Rahbek Joergensen & Niels Johannesen, 2026, "Consumption responses to rising mortgage rates: Unpacking the cash-flow channel of monetary policy," CEBI working paper series, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI), number 26-04, May.
• Mikael Juselius & Wenzhe Li, 2026, "The strength of the inflation-output link in China," BIS Working Papers, Bank for International Settlements, number 1353, May.
• Mark A. Carlson & Daben Chen & Benjamin K. Johannsen, 2026, "Federal Reserve Discount Rate Press Releases in the 1960s and 1970s through the Lens of Monetary Policy Communications," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-05-29-2, May, DOI: 10.17016/2380-7172.4053.
• Labastidas, Esteban, 2026, "A Hybrid Early-Warning System for Inflation in an Emerging Market: Combining Econometric Models, an Agent-Based Decomposition with Heterogeneous Expectations, a Large Language Model, and a Multi-Output Agent Architecture," MPRA Paper, University Library of Munich, Germany, number 128779, Apr.
• Matthew Fink & Jonathan Hambur, 2026, "Shifts in Australian Price-setting Behaviour around Large Shocks," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2026-02, May, DOI: 10.47688/rdp2026-02.
• Quaicoe, Nana, 2026, "Financial Exclusion and the Distributional Limits of Monetary Policy," MPRA Paper, University Library of Munich, Germany, number 128793, Apr.
• Francesco Zanetti & Xiwen Bai & Jesús Fernández-Villaverde & Yiliang Li, 2026, "State Dependence of Monetary Policy During Global Supply Chain Disruptions," CIGS Working Paper Series, The Canon Institute for Global Studies, number 26-007E, May.
• Raza, Hassan & Siddiqui, Danish Ahmed, 2026, "A Systematic Review of Retail CBDC Design for Financial Inclusion and Payment System Modernization," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 341059.
• Juan Camilo Medellín-Martínez & Sergio Restrepo-Ángel, 2026, "Short vs Medium-Run: Exchange Rate Movements, Investment and the Currency Composition of Balance Sheets," Borradores de Economia, Banco de la Republica de Colombia, number 1354, May.
• Mintrapan Chaeng-lum & Nuwat Nookhwun & Jettawat Pattararangrong, 2026, "U.S. Dollar Dominance and the Role of Local Currency Settlement Framework: Evidence from Thai Exports," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 250, May.
• Bijnens, Gert & Hutchinson, John & Saint Guilhem, Arthur, 2026, "Firm level heterogeneity and the impact of monetary policy on labour demand," Working Paper Series, European Central Bank, number 3240, May.
• Alessandro Barbarino & Anthony M. Diercks & Stephen I. Miran, 2026, "Measurement of “Computer Software and Accessories” Inflation," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-05-22, May, DOI: 10.17016/2380-7172.4089.
• Venslauskas, Kazimieras, 2026, "Pandemic-Era Federal Debt Normalization: A Constitutional Framework for the Fiscal Treatment of Federal Reserve Held Treasury Securities," MPRA Paper, University Library of Munich, Germany, number 128889, Apr.
• Aykut Sengul & Levent Cinko, 2026, "Monetary Tightening and Corporate Default Risk: Evidence from Floating-Rate Debt Exposure," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2610.
• Kenjiro Kataoka & Mashu Namiki & Masabumi Shimada & Yoshihiro Takada, 2026, "Developments in and Characteristics of Japan fs FX Market: An Analysis Based on the 2025 BIS Triennial Central Bank Survey," Bank of Japan Review Series, Bank of Japan, number 26-E-8, May.
• Glenn Abela & Arianna Antezza & Alissa Gorelova & Gianmarco Meta & Roberta Montebello, 2026, "The Asymmetric Effects of Monetary Policy in the Euro Area," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research, number 2165.
• Okan Akarsu & Emrehan Aktug, 2026, "How Do Monetary Policy and Inflation Announcements Affect Firm Expectations in High Inflation?," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2609.
• Xiwen Bai & Jesus Fernandez-Villaverde & Yiliang Li & Francesco Zanetti, 2026, "State Dependence of Monetary Policy During Global Supply Chain Disruptions," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, number 2026-37, May.
• Ryan Niladri Banerjee & Hyun Song Shin & Jose María Vidal Pastor, 2026, "Elasticity of money in production networks, working capital, credit lines and financial conditions," BIS Working Papers, Bank for International Settlements, number 1350, May.
• Kohei Maehashi & Daisuke Miyakawa & Takatoshi Sasaki, 2026, "Heterogeneous Views and Currency Swing Prediction: Evidence from Trade Repository Data," Bank of Japan Working Paper Series, Bank of Japan, number 26-E-10, May.
• Hugh Montag & Randal J. Verbrugge, 2026, "Sticky Rents: A Simple Implicit-Contracts Theory," Working Papers, Federal Reserve Bank of Cleveland, number 26-12, May, DOI: 10.26509/frbc-wp-202612.
• Iñaki Aldasoro & Sebastian Doerr & Haonan Zhou, 2026, "Liquidity regulation and bank funding costs," BIS Working Papers, Bank for International Settlements, number 1352, May.
• Li, Z. M. & Linton, O. B. & Zhai, Y. & Zhang, H., 2026, "Designing High-Frequency Market Liquidity Measures with Applications to Monetary Policy," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2639, Jan.
• Marián Suchánek & Ján Krchňavý, 2026, "Social positioning theory as social ontology of a hierarchy of money," MUNI ECON Working Papers, Masaryk University, number 2026-03, May, DOI: 10.5817/WP_MUNI_ECON_2026-03.
• Ruopu Hu, 2026, "Reserve Requirement Ratio and Capital Flows: A Regime-Switching DSGE Estimation for China," Discussion Papers, Graduate School of Economics, Kobe University, number 2609, Mar.
• Richard Audoly & Martín Almuzara & Davide Melcangi, 2026, "Assessing the Current State of Wage Inflation," Liberty Street Economics, Federal Reserve Bank of New York, number 20260526, May, DOI: 10.59576/lse.20260526.
• Eric Engstrom, 2026, "Anchored to the Dot Plot: Central Bank Projections and Interest Rate Expectations," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-026, May, DOI: 10.17016/FEDS.2026.026.
• Katharina Bergant & Andres Fernandez & Mr. Ken Teoh & Martin Uribe, 2026, "Expanding the Landscape of Cross-Border Flow Restrictions: Modern Tools and Historical Perspectives," IMF Working Papers, International Monetary Fund, number 2026/098, May.