Report NEP-MON-2026-06-29

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:

• Ludolph, Melina & Nghiem, Giang & Tonzer, Lena, 2026, "Facts or feelings? The role of relatable narratives in shaping inflation expectations," IWH Discussion Papers, Halle Institute for Economic Research (IWH), number 10/2026, DOI: 10.18717/dpcam2-j667.
• Opatrny, Matej & Opatrny, Martin & Havranek, Tomas & Irsova, Zuzana & Hampl, Mojmir, 2026, "Optimal Inflation Rate: A Meta-Analysis," EconStor Preprints, ZBW - Leibniz Information Centre for Economics, number 341462.
• Bianchi, Michele Leonardo & Ruzzi, Dario & Segura, Anatoli, 2026, "Banks’ Dynamic Interest Rate Risk Hedging," CEPR Discussion Papers, Centre for Economic Policy Research, number 21588, Jun.
• Bono Beriša & Ivan Mužić & Jurica Zrnc, 2026, "Amplifying Transmission of Monetary Policy Through Deposit Competition," Working Papers, The Croatian National Bank, Croatia, number 75, Jun.
• Bianchi, Francesco & Faccini, Renato & Melosi, Leonardo & Wehrhöfer, Nils, 2026, "Lack of Trust and Fiscal Dominance: Evidence from a Firm Survey Experiment," CEPR Discussion Papers, Centre for Economic Policy Research, number 21595, Jun.
• Bartels, Bernhard & Eichengreen, Barry & Schumacher, Julian & Weder di Mauro, Beatrice, 2026, "Central Bank Independence and Risk-Taking at the Zero Lower Bound," CEPR Discussion Papers, Centre for Economic Policy Research, number 21570, Jun.
• Etienne Fakaba Sissoko & Khalid Dembélé, 2026, "Banking Reconfiguration and Monetary Sovereignty in the Digital Age: PI-SPI and the e-CFA as Instruments of Institutional Refoundation in WAEMU," Post-Print, HAL, number hal-05607364, Feb, DOI: 10.5281/zenodo.17249540.
• Laura Pilossoph & Jane M. Ryngaert & Jesse J. Wedewer, 2026, "The Search Costs of Inflation in the Labor Market," NBER Working Papers, National Bureau of Economic Research, Inc, number 35369, Jun.
• Francesco Bianchi & Renato Faccini & Leonardo Melosi & Nils Wehrhöfer, 2026, "Lack of Trust and Fiscal Dominance: Evidence from a Firm Survey Experiment," NBER Working Papers, National Bureau of Economic Research, Inc, number 35341, Jun.
• Joshua Aizenman & Jamel Saadaoui & Gazi Salah Uddin & Naoki Yago, 2026, "US Monetary Spillovers, Foreign Exchange, and Gold Reserves at Times of Geopolitical Fragmentation," NBER Working Papers, National Bureau of Economic Research, Inc, number 35337, Jun.
• Elton Beqiraj & Giuseppe Ciccarone & Giovanni Di Bartolomeo, 2026, "The U.S. Economic Dynamics and Inflation Persistence: A Regime-Switching Perspective," CIMEO Working Paper Series, Centre for Investigation and Modelling of Experimental Observations (CIMEO), number 204, May.
• Pavel Trunin & Alexandra Bozheckkova & Alexander Knobel, 2026, "Monetary policy," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2026-1626, revised 2026.
• Asger Lau Andersen & Andreas Jakobsen & Mads Rahbek Jørgensen & Niels Johannesen, 2026, "Consumption Responses to Rising Mortgage Rates: Unpacking the Cash-Flow Channel of Monetary Policy," CESifo Working Paper Series, CESifo, number 12748.
• Stefano Fasani & Giuseppe Pagano Giorgianni & Valeria Patella & Lorenza Rossi, 2025, "Belief Distortions and Disagreement about Inflation," CIMEO Working Paper Series, Centre for Investigation and Modelling of Experimental Observations (CIMEO), number 187, Feb.
• Goodhart, Charles & Lastra, Rosa, 2026, "Financial Regulation: Where Do We Stand?," CEPR Discussion Papers, Centre for Economic Policy Research, number 21590, Jun.
• Hwee Kwan Chow & Jordan Lee, 2026, "Projecting Inflation Tail Risks in a Small Open Economy: Some Evidence from Singapore," Economics and Statistics Working Papers, Singapore Management University, School of Economics, number 04-2026, Feb.
• Ulrike Malmendier & Stefan Nagel & Ulrike M. Malmendier, 2026, "Seemingly Anchored Inflation Expectations," CESifo Working Paper Series, CESifo, number 12750.
• Boris Hofmann & Matthias Kaldorf & Matthias Rottner, 2026, "The macroeconomics of stablecoins," BIS Working Papers, Bank for International Settlements, number 1363, Jun.
• Andrade, Philippe & Dietrich, Alexander & Leer, John & Schoenle, Raphael & ZakrajÅ¡ek, Egon & Tang, Jenny, 2026, "The Future in Today’s Prices: Evidence from a Survey of U.S. Firms," CEPR Discussion Papers, Centre for Economic Policy Research, number 21583, Jun.
• Asger Lau Andersen & Niels Johannesen & Jens Brøndum Petersen & Sonja Settele & Johannes Wohlfart, 2026, "Household Behavior Below the Zero Lower Bound," CESifo Working Paper Series, CESifo, number 12732.
• Arvai, Kai & Coimbra, Nuno & Pinchetti, Marco, 2026, "Fool's Gold? How the US Dollar Lost its Shine," CEPR Discussion Papers, Centre for Economic Policy Research, number 21575, Jun.
• Elton Beqiraj & Stefano Di Bucchianico & Mario Di Serio & Michele Raitano, 2026, "The effects of monetary policy shocks on wage inequality: evidence from Italy," CIMEO Working Paper Series, Centre for Investigation and Modelling of Experimental Observations (CIMEO), number 201.
• Thomas Lustenberger & Enzo Rossi & Anna Zeitz, 2026, "Central bank communication: New data and stylized facts from a century of Fed speeches," Working Papers, Swiss National Bank, number 2026-06.
• Zhengyang Jiang & Arvind Krishnamurthy & Hanno Lustig & Robert J. Richmond, 2026, "Dollar Erosion: Understanding the Loss of Reserve Currency Status," NBER Working Papers, National Bureau of Economic Research, Inc, number 35328, Jun.
• Bence Bardóczy & Gideon Bornstein & Sergio Salgado, 2026, "Monopsony Power and the Transmission of Monetary Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 35335, Jun.
• Neville Francis, 2026, "The Perceived Inflation Wedge," NBER Working Papers, National Bureau of Economic Research, Inc, number 35354, Jun.
• Kumar, Naveen, 2026, "Macroeconomic Effects of Climate Anomalies on Subnational Inflation in India: Heterogeneity, Monetary Policy and the Role of Inflation Targeting," SocArXiv, Center for Open Science, number uj8s3_v1, Jun, DOI: 10.31219/osf.io/uj8s3_v1.
• Francesco Ferlaino, 2025, "Effects of different financial frictions on households," CIMEO Working Paper Series, Centre for Investigation and Modelling of Experimental Observations (CIMEO), number 191, May.
• Bindseil, Ulrich & Daskalova, Svetla & Senner, Richard, 2026, "Gold and the external wealth of nations," SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE, number 486.
• Mark Toth, 2026, "Residential Concentration Dampens Monetary Policy Transmission," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2025_762, Jun.
• Artyom Ghazaryan & Anahit Matinyan & Gevorg Minasyan & Aleksandr Shirkhanyan, 2026, "Identifying monetary policy shocks in a small open economy: a high-frequency and narrative approaches in Armenia," Working Papers, Central Bank of Armenia, number WP-2026-01, Apr.
• Wenqian Huang & Nikola Tarashev & Xinyi Wang, 2026, "Stablecoin remuneration on centralised exchanges," BIS Bulletins, Bank for International Settlements, number 125, Jun.