Report NEP-MON-2026-08-17

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:

• Boris Hofmann & Aaron Mehrotra & Jan Paulick, 2026, "Dollarisation and monetary control: what lessons for the rise of stablecoins?," BIS Working Papers, Bank for International Settlements, number 1370, Jul.
• Timo Wochner & Lukas Hack & Niklas Potrafke, 2026, "Expert Inflation Preferences and the Evaluation of Monetary Policy," CESifo Working Paper Series, CESifo, number 12850.
• Jonathan Chiu & Cyril Monnet & Oliver Junye Xu, 2026, "To Tokenize, or Not to Tokenize: The Design Question for a Central Bank Digital Currency," Staff Working Papers, Bank of Canada, number 26-14, May, DOI: 10.34989/swp-2026-14.
• Gökhan Ider & Alexander Kriwoluzky & Frederik Kurcz & Ben Schumann, 2026, "Friend, Not Foe? Monetary Policy and Energy Prices," Berlin School of Economics Discussion Papers, Berlin School of Economics, number 0102, Jul, DOI: 10.48462/opus4-6295.
• Rashid Mirzaakhmedov, 2026, "Impact of Foreign Ownership of Domestic Importers on Exchange Rate Pass-Through to Import Prices in Uzbekistan," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 22-2026, Aug.
• Francesca Caselli & Ms. Luisa Charry & Mr. Larry Q Cui & Mr. Pragyan Deb & Allan Dizioli & Alexandra Fotiou & Ben Park & Mr. Sebastian Weber, 2026, "Central Bank Communication in Times of Uncertainty: AI-assisted Decoding of Recent Trends in Europe," IMF Working Papers, International Monetary Fund, number 2026/133, Jun.
• Wolswijk, Guido, 2026, "Prohibition of monetary financing: an economic perspective," Occasional Paper Series, European Central Bank, number 397, Aug.
• Mr. Luis Ignacio Jácome & Mr. Nicolas E Magud & Samuel Pienknagura & Martin Uribe, 2026, "Fiscal Populism and Monetary Policy Rules," IMF Working Papers, International Monetary Fund, number 2026/167, Aug.
• Ricci, Luca Antonio & Ahokpossi, Calixte & Belianska, Anna & khandelwal, khushboo & Lee, Sunwoo & Li, Bin Grace & Mu, Yibin & Quayyum, Saad & Nunez, Silvia Guadalupe & Ree, Jack Joo & Souto, Marcos Ri, 2025, "Central Bank Digital Currency and Other Digital Payments in Sub-Saharan Africa: A Regional Survey," CEPR Discussion Papers, Centre for Economic Policy Research, number 19889, Jan.
• Mátyás Farkas & Zoltan Jakab & Jesper Lindé, 2026, "R-stars Across the Atlantic—The Role of Policy Expectations," IMF Working Papers, International Monetary Fund, number 2026/168, Aug.
• Marianna Blix Grimaldi & Fabienne Schneider & David Vestin, 2026, "The Usage of Security Lending Facilities under Unconventional Monetary Policy: Evidence from Sweden," Staff Working Papers, Bank of Canada, number 26-9, Mar, DOI: 10.34989/swp-2026-9.
• Alvarez-Blaser, Santiago & Auer, Raphael & Lein, Sarah & Levchenko, Andrei, 2025, "The granular origins of inflation," CEPR Discussion Papers, Centre for Economic Policy Research, number 19844, Jan.
• Mr. Etienne Vaccaro-Grange, 2026, "Optimal Currency Basket Estimation," IMF Working Papers, International Monetary Fund, number 2026/131, Jul.
• Sami Alpanda & Serdar Kabaca & Kostas Mavromatis, 2026, "Optimal Conventional and Unconventional Monetary Policy Mix," Staff Working Papers, Bank of Canada, number 26-18, Jun, DOI: 10.34989/swp-2026-18.
• Bartram, Söhnke & Grinblatt, Mark & Xu, Yan, 2025, "Monetary Policy Predicts Currency Movements," CEPR Discussion Papers, Centre for Economic Policy Research, number 19881, Jan.
• Kodjovi M. Eklou, 2026, "The Political Economy of Foreign Exchange Interventions," IMF Working Papers, International Monetary Fund, number 2026/130, Jun.
• Ivan Jesus Romero Mamani, 2025, "Assessing the demand for foreign currency through a value storage lens," Investigación & Desarrollo, Universidad Privada Boliviana, number 1025, DOI: http://10.0.93.73/idupbo.025.2-6e.
• Beaudry, Paul & Hou, Chenyu & Portier, Franck, 2025, "On the Fragility of the Nonlinear Phillips Curve View of Recent Inflation," CEPR Discussion Papers, Centre for Economic Policy Research, number 19950, Feb.
• Andrade, Philippe & Gautier, Erwan & Mengus, Eric & Moench, Emanuel & Schmidt, Tobias, 2025, "Household Beliefs about Fiscal Dominance," CEPR Discussion Papers, Centre for Economic Policy Research, number 19862, Jan.
• Gulan, Adam & Silvo, Aino, 2026, "Corporate debt composition, access to credit, and monetary policy," Bank of Finland Research Discussion Papers, Bank of Finland, number 7/2026.
• Boehnert, Lukas & de Ferra, Sergio & Mitman, Kurt & Romei, Federica, 2025, "Monetary Policy in Currency Unions with Unequal Countries," CEPR Discussion Papers, Centre for Economic Policy Research, number 19872, Jan.
• QIU, Zhesheng & Wang, Yicheng Wan & Xu, Le & Zanetti, Francesco, 2025, "Monetary Policy in Open Economies with Production Networks," CEPR Discussion Papers, Centre for Economic Policy Research, number 19828, Jan.
• Felipe Alves & Giovanni L. Violante, 2026, "Inflation vs Inclusion: Stabilization Policy in the Wake of the Pandemic," Staff Working Papers, Bank of Canada, number 26-13, Apr, DOI: 10.34989/swp-2026-13.
• Emanuel Kohlscheen & Aaron Mehrotra, 2026, "What drives exchange rate pass throughs? Evidence from a non parametric method," BIS Working Papers, Bank for International Settlements, number 1371, Jul.
• Danilo Leiva-León & Rodrigo Sekkel & Luis Uzeda, 2026, "Do Monetary Policy Shocks Affect the Neutral Rate of Interest?," Staff Working Papers, Bank of Canada, number 26-6, Mar, DOI: 10.34989/swp-2026-6.
• Christos Antonios Statheas & Iacovos Sterghides & Marios Zachariadis, 2026, "Household Inattention across the euro-area," University of Cyprus Working Papers in Economics, University of Cyprus Department of Economics, number 01-2026, Jul.
• Bittner, Christian & Jamilov, Rustam & Saidi, Farzad, 2025, "Assortative Matching, Interbank Markets, and Monetary Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 19891, Jan.
• Yuteng Cheng & Jonathan Chiu & Mohammad Davoodalhosseini & Janet Hua Jiang, 2026, "Data Externalities, Market Power, and the Optimal Design of Central Bank Digital Currencies," Staff Working Papers, Bank of Canada, number 26-21, Jun, DOI: 10.34989/swp-2026-21.
• De Sanctis, Alessandro & Gebauer, Stefan & Holm-Hadulla, Fédéric & Sirani, Matteo, 2026, "Financial frictions across the production network and the transmission of monetary policy," Working Paper Series, European Central Bank, number 3271, Aug.
• Dräger, Lena & Marenčák, Michal & Nghiem, Giang & Paloviita, Maritta, 2026, "Heterogeneity in consumers' economic expectations across euro area countries," Bank of Finland Research Discussion Papers, Bank of Finland, number 6/2026.
• Jo, Jungkeon & Adjemian, Michael & Etienne, Xiaoli, 2026, "Inflationary Effects of Biofuel Policy Shocks," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri, Agricultural and Applied Economics Association, number 404350, DOI: 10.22004/ag.econ.404350.
• Gürkaynak, Refet, 2025, "Post-Covid Inflation in Emerging Europe," CEPR Discussion Papers, Centre for Economic Policy Research, number 19822, Jan.
• Pitters, Julia & Seitz, Franz, 2026, "Beyond the cost debate: A multidimensional approach to quantify the value of cash for society," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 241.
• Guillaume Roussellet, 2026, "A Window into Bond Investors’ Uncertainty About R‑Star," Liberty Street Economics, Federal Reserve Bank of New York, number 2026804, Aug, DOI: 10.59576/lse.20260804.
• Mr. Francesco Grigoli, 2026, "Production Networks and the (Asymmetric) Transmission of Monetary Policy," IMF Working Papers, International Monetary Fund, number 2026/127, Jun.
• Erceg, Christopher J. & Lindé, Jesper & Trabandt, Mathias, 2024, "Monetary Policy and Inflation Scares," CEPR Discussion Papers, Centre for Economic Policy Research, number 19809, Dec.
• Mitchener, Kris & Wandschneider, Kirsten, 2025, "Currency Wars and Trade," CEPR Discussion Papers, Centre for Economic Policy Research, number 19839, Jan.
• Martin Sanchez, Endika, 2026, "The Average Effective Consumer Price Index (AECPI): A Complementary Measure of Real Inflation," MPRA Paper, University Library of Munich, Germany, number 128331, Mar.
• Gallegati, M. & Solomou, S. & Tian, K., 2026, "The Inflationary Effects of the El Niño-Southern Oscillation," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2666, Aug.
• Christian Friedrich & Laura Zhao, 2026, "Patterns and Determinants of Global Cryptocurrency Flows," Staff Working Papers, Bank of Canada, number 26-15, May, DOI: 10.34989/swp-2026-15.
• Monetary Affairs Department, Financial Markets Department, 2026, "Impact of the Bank of Japan's Reductions in JGB Purchases on the JGB Markets," Bank of Japan Review Series, Bank of Japan, number 26-E-10, Aug.
• Fernando Toledo & Luis Dimotta Br'e & Gabriel Montes-Rojas, 2026, "Algorithmic Intermediation and the International Transmission of U.S. Monetary Policy," Papers, arXiv.org, number 2607.15385, Jul.
• Groiss, Martin & Sondermann, David, 2026, "Monetary policy and the rigidity of firm employment expectations," Working Paper Series, European Central Bank, number 3272, Aug.
• Mattia Bevilacqua & Jon Danielsson & Lerby Ergun & Andreas Uthemann & Jean-Pierre Zigrand, 2026, "Central Bank Crisis Interventions and the Term Structure of Market Fear," Staff Working Papers, Bank of Canada, number 26-17, May, DOI: 10.34989/swp-2026-17.
• Kim, Bheom Seok & Lewis, Kendyl & Davis, George & Gupta, Anubhab & Okrent, Abigail, 2026, "Food Price Inflation and its Welfare Effects on Food-At-Home and Food-Away-From-Home Consumption," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri, Agricultural and Applied Economics Association, number 404604, DOI: 10.22004/ag.econ.404604.
• Tamkin Nuriyev & Aygun Garayeva & Gulzar Tahirova, 2026, "Construction and Forecasting of the Imported Food Price Index in Azerbaijan," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 20-2026, Aug.
• Steiner, Julia, 2026, "Evidence from wages and prices on the limited utility of Germany's first paper money (1772-1873)," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History, number 140541, May.
• Sergio A. Lago Alves & Waldyr Dutra Areosa & Carlos Viana de Carvalho, 2026, "Beating the “pros” with a semi-structural model of their own inflation forecasts," Staff Working Papers, Bank of Canada, number 26-11, Mar, DOI: 10.34989/swp-2026-11.
• Alessio Emanuele Biondo & Mauro Gallegati, 2026, "Inflation as an emergent phenomenon," Papers, arXiv.org, number 2607.07864, Jul.
• Bahaj, Saleem & Lattanzio, Chiara & Malherbe, Frédéric, 2025, "Bank Capital Requirements and Bank Lending: From Theory to Empirics to Policy," CEPR Discussion Papers, Centre for Economic Policy Research, number 19942, Feb.
• Coppola, Antonio & Krishnamurthy, Arvind & Xu, Chenzi, 2025, "Currency Development Through Liquidity Provision," CEPR Discussion Papers, Centre for Economic Policy Research, number 19894, Jan.
• Seungduck Lee & Angelo Ranaldo & Tomohiro Tsuruga, 2026, "Settlement Risk and Currency Markets," IMF Working Papers, International Monetary Fund, number 2026/156, Jul.