Report NEP-MON-2026-07-20

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:

• Benigno, Pierpaolo, 2026, "Stablecoins and Central Bank Digital Currencies: Who Supplies Liquidity?," CEPR Discussion Papers, Centre for Economic Policy Research, number 21033, Jan.
• Corsetti, Giancarlo, 2026, "An FTPL Approach to International Reserve Accumulation," CEPR Discussion Papers, Centre for Economic Policy Research, number 21113, Feb.
• Niepelt, Dirk, 2026, "Central Bank Digital Currency and Monetary Architecture," CEPR Discussion Papers, Centre for Economic Policy Research, number 21141, Feb.
• Rose Portier, 2026, "The Phase-Dependent Effects of Monetary Policy: Plateau vs Cycle," Documents de travail du Centre d'Economie de la Sorbonne, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne, number 26008, Jun.
• Hans Gersbach & Jean-Charles Rochet & Ernst-Ludwig von Thadden, 2026, "Central Bank Reserves and the Balance Sheet of Banks," CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany, number crctr224_2025_764, Jun.
• Matteo Deleidi & Enrico Sergio Levrero & Antonino Lofaro, 2026, "Income Distribution and the Cost Channel of Monetary Policy: Evidence from Japan, the UK, and the US," FMM Working Paper, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute, number 124-2026.
• Forbes, Kristin & Ha, Jongrim & Kose, M. Ayhan, 2026, "Heaven or Earth? The Evolving Role of Global Shocks for Domestic Monetary Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 21109, Feb.
• McLeay, Michael & Tenreyro, Silvana, 2026, "Dollar Dominance and the Transmission of Monetary Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 21020, Jan.
• Sriya Anbil & Alyssa G. Anderson & Ethan Cohen & Romina Ruprecht, 2026, "Beyond Reserves: The Federal Reserve's Balance Sheet and the Repo Market," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.), number 2026-041, Jun, DOI: 10.17016/FEDS.2026.041.
• Wolf, Martin & Zessner-Spitzenberg, Leopold, 2026, "Financial Dominance and Macroeconomic Expectations," CEPR Discussion Papers, Centre for Economic Policy Research, number 21161, Feb.
• Acosta, Miguel & Ajello, Andrea & Bauer, Michael & Loria, Francesca & Miranda-Agrippino, Silvia, 2026, "Financial Market Effects of FOMC Communication: Evidence from a New Event-Study Database," CEPR Discussion Papers, Centre for Economic Policy Research, number 21003, Jan.
• De Fiore, Fiorella & Lombardi, Marco & Mangiante, Giacomo, 2025, "The Asymmetric and Heterogeneous Pass-through of Input Prices to Firms’ Expectations and Decisions," CEPR Discussion Papers, Centre for Economic Policy Research, number 20835, Nov.
• Gautier, Erwan & Conflitti, Cristina & Enderle, Daniel & Fadejeva, Ludmila & Grimaud, Alex & Gutiérrez, Eduardo & Jouvanceau, Valentin & Menz, Jan-Oliver & Paulus, Alari & Petroulas, Pavlos & Roldan-, 2026, "Consumer Price Stickiness in the Euro Area During an Inflation Surge," CEPR Discussion Papers, Centre for Economic Policy Research, number 21149, Feb.
• Ehrmann, Michael & Hubert, Paul, 2026, "The Overdelivery Premium: When Monetary Policy Decisions Exceed Market Expectations," CEPR Discussion Papers, Centre for Economic Policy Research, number 21241, Mar.
• Stefan Nagel, 2026, "Leaning Against Inflation Experiences," NBER Working Papers, National Bureau of Economic Research, Inc, number 35379, Jun.
• Monnet, Eric, 2026, "Persistence in a Changing World. Gold Backing and Monetary Policy Autonomy Under Bretton Woods," CEPR Discussion Papers, Centre for Economic Policy Research, number 21215, Feb.
• Conesa Martinez, Marina & Kasekende, Elizabeth N. & Li, Nan & Mugume, Adam & Samuel Namwanja, Musoke & Okou, Cedric & Presbitero, Andrea, 2025, "Monetary Policy Transmission to Household Credit: Evidence from Uganda's Credit Registry Data," CEPR Discussion Papers, Centre for Economic Policy Research, number 20839, Nov.
• Ulrike Malmendier & Stefan Nagel, 2026, "Seemingly Anchored Inflation Expectations," NBER Working Papers, National Bureau of Economic Research, Inc, number 35395, Jul.
• Kengo NUTAHARA, 2026, "Money Illusion and Asset-Price-Targeting Monetary Policy," CIGS Working Paper Series, The Canon Institute for Global Studies, number 26-010E, Jul.
• Chen Lin & Eswar S. Prasad & Daniel Rabetti & Che Zhang, 2026, "Digital Safe Havens: The Economics of Tokenized Treasuries," NBER Working Papers, National Bureau of Economic Research, Inc, number 35412, Jul.
• Born, Benjamin & Lamersdorf, Nora & Schuster, Jana-Lynn & Steffen, Sascha, 2025, "From Tweets to Transactions: High-Frequency Inflation Expectations, Consumption, and Stock Returns," CEPR Discussion Papers, Centre for Economic Policy Research, number 20977, Dec.
• Miranda-Agrippino, Silvia & Nenova, Tsvetelina & Rey, Hélène, 2025, "The Ins & Outs of Chinese Monetary Policy Transmission," CEPR Discussion Papers, Centre for Economic Policy Research, number 20958, Dec.
• Agarwal, Sumit & Mayordomo, Sergio & Rodriguez Moreno, Maria & Tarantino, Emanuele, 2026, "Mortgage Liquidity Shocks and Corporate Lending: Evidence from Household-Initiated Bank Balance Sheet Adjustment," CEPR Discussion Papers, Centre for Economic Policy Research, number 21039, Jan.
• Canova, Fabio & Pérez Forero, Fernando J., 2026, "Does the Transmission of Monetary Policy Shocks Change when Inflation is High?," CEPR Discussion Papers, Centre for Economic Policy Research, number 21339, Mar.
• Ahmed, Rashad & Rebucci, Alessandro & Clouse, James & Natalucci, Fabio & Sun, Geyue, 2025, "Stablecoins: A Revolutionary Payment Technology with Financial Risks," CEPR Discussion Papers, Centre for Economic Policy Research, number 20833, Nov.
• Howes, Cooper & Dordal i Carreras, Marc & Coibion, Olivier & Gorodnichenko, Yuriy, 2025, "How Monetary Policy Is Made: Lessons from Historical FOMC Discussions," CEPR Discussion Papers, Centre for Economic Policy Research, number 20968, Dec.
• Reis, Ricardo, 2026, "Why did Inflation Rise and Fall in 2021-24? Channels and Evidence from Expectations," CEPR Discussion Papers, Centre for Economic Policy Research, number 21277, Mar.
• Albertazzi, Ugo & Faber, Finn & Georgescu, Oana-Maria & Gavazza, Alessandro & Lecomte, Ernest, 2026, "Bank deposit pricing in the euro area," Working Paper Series, European Central Bank, number 3255, Jul.
• Luo, Yulei & Qu, Lijuan & Wang, Gaowang, 2026, "Optimal Monetary Policy under Rational Inattention and a Cost Channel," MPRA Paper, University Library of Munich, Germany, number 128958, Apr.
• Alves, Felipe & Violante, Giovanni L., 2026, "Inflation vs Inclusion: Stabilization Policy in the Wake of the Pandemic," CEPR Discussion Papers, Centre for Economic Policy Research, number 21188, Feb.
• Greg Kaplan & Ken Miyahara, 2026, "How Does Monetary and Fiscal Policy Affect the Economy in the Face of Large Shocks?," NBER Working Papers, National Bureau of Economic Research, Inc, number 35400, Jul.
• Alves, Felipe & Violante, Giovanni L., 2026, "Monetary Policy Under Okun's Hypothesis," CEPR Discussion Papers, Centre for Economic Policy Research, number 21189, Feb.
• Mark Setterfield & Christopher R. Herdelin, 2026, "Central bank activity, the Goodwin pattern, and secular decline in the wage share," Working Papers, New School for Social Research, Department of Economics, number 2608, Jul.
• Ali Ozdagli & Michael Weber, 2026, "Supplier networks transmit Fed rate moves through economy," Dallas Fed Economics, Federal Reserve Bank of Dallas, number 103493, Jun.
• Hui He & Yao Zhao & Dayong Zhou, 2026, "Stablecoins and Macroeconomic Stability: A DSGE Investigation," IMF Working Papers, International Monetary Fund, number 2026/129, Jun.
• Tarek Alexander Hassan & Thomas M. Mertens & Jingye Wang & Tony Zhang, 2026, "Openness, Integration, and the International Monetary Order," NBER Working Papers, National Bureau of Economic Research, Inc, number 35386, Jun.
• Miranda-Agrippino, Silvia & Williams, John C., 2026, "Interest Rate Surprises When the Fed Doesn't Speak," CEPR Discussion Papers, Centre for Economic Policy Research, number 21056, Jan.
• Jonathon Hazell & Stephan Hobler, 2025, "Do Deficits Cause Inflation? A High Frequency Narrative Approach," Discussion Papers, Centre for Macroeconomics (CFM), number 2505, Feb.
• Schmidt, Sebastian, 2026, "Fiscal Seigniorage and Price Level Determination in a Currency Union," CEPR Discussion Papers, Centre for Economic Policy Research, number 21001, Jan.
• De Jonghe, Olivier & Benkovskis, Konstantins & Bielskis, Karolis & Bonfim, Diana & Bottero, Margherita & Briglevics, Tamás & Cesnak, Martin & Dirma, Mantas & Emiris, Marina & Filep-Mostberger, Palma , 2025, "Household Borrowing and Monetary Policy Transmission: Post-Pandemic Insights from Nine European Credit Registers," CEPR Discussion Papers, Centre for Economic Policy Research, number 20928, Dec.
• Cristi, José & Kalemli-Ozcan, Sebnem & Sans, Mariana & Unsal, Filiz, 2026, "Global Spillovers from Fed Hikes and a Strong Dollar: The Risk Channel," CEPR Discussion Papers, Centre for Economic Policy Research, number 21042, Jan.
• Olena Kostyshyna & Isabelle Salle & Hung Truong, 2026, "Heterogeneity in the Formation of Inflation Expectations: Evidence from Micro Data," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 26-036/VI, Jun.
• HacıoÄŸlu Hoke, Sinem & Ostry, Daniel & Rey, Hélène & Rousset Planat, Adrien & Stavrakeva, Vania & Tang, Jenny, 2025, "Topography of the FX Derivatives Market: A View from London," CEPR Discussion Papers, Centre for Economic Policy Research, number 20978, Dec.
• Sergio A. Correia & Stephan Luck & Emil Verner, 2026, "Using AI to Let History Speak About Bank Runs," Liberty Street Economics, Federal Reserve Bank of New York, number 20260707a, Jul, DOI: 10.59576/lse.20260707a.
• Acharya, Viral & Hillenbrand, Sebastian & Venkateswaran, Venky & Underwood, Margaret, 2025, "Inflation Uncertainty: Measurement, Causes, and Consequences," CEPR Discussion Papers, Centre for Economic Policy Research, number 20921, Dec.

Report NEP-MON-2026-07-20

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: