Report NEP-MON-2026-06-22

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:

• Matthieu Bussière & Johanna Gilbert & Olesya V. Grishchenko, 2026, "The Role of Inflation Perceptions in Consumer Inflation Expectations: Evidence from the Euro Area," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-038, Jun, DOI: 10.17016/FEDS.2026.038.
• Jorge Abad & Saki Bigio & Salomon Garcia-Villegas & Joël Marbet & Galo Nuño, 2026, "The Heterogeneous Bank Lending Channel of Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 35239, May.
• Stenfors, Alexis & Shabani, Mimoza & Gabauer, David & Toporowski, Jan, 2026, "Decomposing the rate of inflation: forecast-based connectedness among CPI components," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 138722, Oct.
• Valverde-Ambriz, Ismael D., 2026, "Dynamic central bank credibility: a Kalman Filter–Recursive Least Squares approach for emerging markets," MPRA Paper, University Library of Munich, Germany, number 129329, May.
• Thomas Drechsel & Michael McLeay & Silvana Tenreyro & Enrico D. Turri, 2026, "How Should Central Banks Respond to Commodity Price Shocks? Optimal Monetary and Exchange Rate Frameworks for Commodity-Exposed Economies," NBER Working Papers, National Bureau of Economic Research, Inc, number 35164, May.
• Edmund Crawley & William Goodwin & Margaret M. Jacobson & Fabian Winkler, 2026, "Double Inertia, Taylor Rules, and Monetary Policy Gradualism," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-036, Jun, DOI: 10.17016/FEDS.2026.036.
• Ugo Dubois & Bruno Ducoudré & Raphaël Martin & Anna Petronevich & Caterina Seghini & Camille Thubin & Harri Turunen, 2026, "Re-estimated FR-BDF: New Features and an Assessment of Monetary Policy Tightening in France," Working papers, Banque de France, number 1044.
• Kunal Sangani, 2026, "Cheapflation Cycles," NBER Working Papers, National Bureau of Economic Research, Inc, number 35235, May.
• Paquiyauri Hinostroza, Renzo Maximo, 2026, "Resilience and determinants of the nominal exchange rate in Peru: A descriptive analysis (2020–2026)," MPRA Paper, University Library of Munich, Germany, number 129301, May, revised 28 May 2026.
• Xiwen Bai & Jesús Fernández-Villaverde & Yiliang Li & Francesco Zanetti, 2026, "State Dependence of Monetary Policy During Global Supply Chain Disruptions," NBER Working Papers, National Bureau of Economic Research, Inc, number 35209, May.
• Peter Hoerdahl & Burcin Kisacikoglu & Dora Xia, 2026, "Bond yield responses to macro news: the role of macro forecast disagreement and monetary policy uncertainty," BIS Working Papers, Bank for International Settlements, number 1361, Jun.
• Cochrane, John H. & Garicano, Luis & Masuch, Klaus, 2026, "Reforms to ensure the stability of the Euro–Member States, the EU and the ECB need to act," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 138669, May.
• Elizabeth C. Klee & Arazi Lubis & Chase Ross & Sharon Y. Ross & Alexandros Vardoulakis, 2026, "The Fragility of Perfectly Safe Digital Money," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-037, Jun, DOI: 10.17016/FEDS.2026.037.
• Bhattarai, Keshav & Adhikari, Ambika P., 2025, "De-Dollarization and South Asia: Challenges and Opportunities for Nepal in a Multipolar Currency World," SocArXiv, Center for Open Science, number s75q4_v1, Feb, DOI: 10.31219/osf.io/s75q4_v1.
• Jan Lukas Schäfer, 2026, "Transmission of Negative Interest Rates: Reversal or Amplification?," Working Papers, CEMFI, number wp2026_2606, May.
• Matej Opatrny & Martin Opatrny & Tomas Havranek & Zuzana Irsova & Mojmir Hampl, 2026, "Optimal Inflation Rate: A Meta-Analysis," Working Papers IES, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, number 2026/14, Jun, revised Jun 2026.
• Antonio Rodriguez Gil & Douglas Alencar, 2026, "Hysteresis in LATAM. Assessing the long-term impact of monetary policy and LMI on unemployment during the 2010s," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2615, Jun.
• Christophe J Godlewski & Małgorzata Olszak, 2025, "Macroprudential policy and corporate loans: evidence from the syndicated loan market," Post-Print, HAL, number hal-05392486, Sep, DOI: 10.1016/j.intfin.2025.102223.
• Lara Loewenstein & Hugh G. Montag & Randal Verbrugge, 2026, "Nonresponse Imputations and Related Measurement Issues in the CPI for Shelter," NBER Working Papers, National Bureau of Economic Research, Inc, number 35250, May.
• Anneke Kosse & Tara Rice & Fabian Schär & Takeshi Shirakami & Jirapat Siridhasanakul, 2026, "The anatomy of stablecoin transactions," BIS Working Papers, Bank for International Settlements, number 1359, Jun.
• Stefan Scharnowski & Yanghua Shi, 2026, "Bitcoin Blackout: Proof-of-Work and the Risks of Mining Centralization," Working Papers, Research Institute, International University of Japan, number EMS_2026_08, Jun.
• Erwan Gautier & Véronique Genre & Léo Parpais, 2026, "War in the Middle East and Firms’ Inflation Expectations
  [Guerre au Moyen Orient et anticipations d’inflation des entreprises]," Eco Notepad, Banque de France, number 452, May.
• Sangyup Choi & Hyunpyung Kim, 2026, "Demographic Changes and Neutral Interest Rates: Evidence from theWorld's Fastest-Aging Economy," Working papers, Yonsei University, Yonsei Economics Research Institute, number 2026rwp-292, Jun.