Report NEP-MON-2026-09-07

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:

• Eric Tong & Rennae Cherry, 2026, "Central bank communications that reach the public," Bank of England Staff Working Paper series, Bank of England, number 1194, Jul.
• Hylton Hollander & Clinton Joel, 2026, "Why Higher Trend Inflation Makes Monetary Policy More Costly in South Africa," ERSA Working Paper Series, Economic Research Southern Africa, number 275, Jan.
• Christoph Grosse Steffen & Stéphane Lhuissier & Daniel J. Lewis, 2026, "The Missing Surprise: Transmission Protection in Central Bank Announcements," Working papers, Banque de France, number 1061.
• Diego Rodrigues & Tim Willems, 2025, "Inventories matter for the transmission of monetary policy: uncovering the cost-of-carry channel," Bank of England Staff Working Paper series, Bank of England, number 1153, Nov.
• Benjamin Hemingway, 2026, "A model of monetary singleness," Bank of England Staff Working Paper series, Bank of England, number 1174, Feb.
• David Ronicle, 2026, "Quantitative tightening? Britain’s 1980s experiment with overfunding," Bank of England Staff Working Paper series, Bank of England, number 1183, May.
• Agnès Bénassy-Quéré & Matthieu Bussière & Thaïs Masseï & Arthur Saint-Guilhem, 2026, "Is Monetary Policy Transmission Heterogeneous across Euro Area Countries and over Time? A Reassessment," Working papers, Banque de France, number 1062.
• Flores Zendejas, Juan & Nodari, Gianandrea, 2026, "Interwar central banks’ quest for profitability: the case of the Central Bank of Chile, 1925-1933," Working Papers, University of Geneva, Paul Bairoch Institute of Economic History, number unige:195486.
• Mridula Duggal, 2026, "Targeting inflation expectations?," Bank of England Staff Working Paper series, Bank of England, number 1175, Mar.
• 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," Bank of England Staff Working Paper series, Bank of England, number 1186, Jun.
• Andrea De Polis & Leonardo Melosi & Ivan Petrella, 2026, "The Taming of the Skew: Asymmetric Inflation Risk and Monetary Policy," Working Papers, Banco de España, number 2626, Sep, DOI: https://doi.org/10.53479/44247.
• Jasmin E. Dacio & Reizle Jade C. Platitas & Sarah Jane A. Castañares & Sanjeev A. Parmanand, 2025, "Exchange Rate Pass-Through to Inflation in the Philippines: Evidence of Asymmetry and Non-linearity​," BSP Discussion Paper Series, Bangko Sentral ng Pilipinas, number 202516, Dec.
• Tsutomu Watanabe, 2026, "Japan’s Missing Inflation Anchor Why It Matters for Prices and the Yen," CIGS Working Paper Series, The Canon Institute for Global Studies, number 26-014E, Aug.
• Vedanta Dhamija & Ricardo Nunes & Roshni Tara, 2026, "House price expectations and inflation expectations: evidence from survey data," Bank of England Staff Working Paper series, Bank of England, number 1169, Jan.
• Eddie Boy L. Fuentes & Mary Kryslette C. Bunyi & Cherrie R. Mapa, 2025, "Inflation Expectations of Households: Adaptive, Rational, or Sticky? Evidence from an Emerging Market Economy​​," BSP Discussion Paper Series, Bangko Sentral ng Pilipinas, number 202510, Nov.
• Benjamin Straus & Stéphane Surprenant & Kerem Tuzcuoglu, 2026, "How Do Interest Rates Spur the Housing Market: Exploring Nonlinear Effects," Staff Analytical Papers, Bank of Canada, number 2026-35, Aug, DOI: 10.34989/sap-2026-35.
• Joan Christine S. Allon-Pineda & Eduard Renzo D. Santos, 2025, "Second-Round Effects and Asymmetry in Oil and Food Price Shocks to Inflation," BSP Discussion Paper Series, Bangko Sentral ng Pilipinas, number 202506, Apr.
• Ruslana Datsenko & Martin B Holm, 2026, "Monetary transmission to firm-level research and development," Bank of England Staff Working Paper series, Bank of England, number 1192, Jun.
• Cyn-Young Park & Kwanho Shin, undated, "AI Adoption, Regional Productivity, and Inflation Evidence from Korea and Implications for Monetary Policy," Working Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number wp63, revised Sep 2026.
• Aniruddha Rajan & Francesc Rodriguez-Tous & Francesc Salgado-Moreno, 2025, "Monetary policy and mortgage fixation lengths," Bank of England Staff Working Paper series, Bank of England, number 1158, Nov.
• Matthieu Chavaz & David Elliott & Win Monroe, 2025, "A public-private partnership? Central bank funding and credit supply," Bank of England Staff Working Paper series, Bank of England, number 1161, Dec.
• Gockel, Christine & Strohsal, Till, 2026, "Anchoring inflation expectations: A teaching treatment and its persistence through the 2025 German federal election," Discussion Papers, Free University Berlin, School of Business & Economics, number 2026/13, DOI: 10.17169/refubium-52043.
• Michael McMahon & Matthew Naylor & Ryan Rholes & Peter Rickards, 2026, "Anchors aweigh? The effect of communicating forecast uncertainty," Bank of England Staff Working Paper series, Bank of England, number 1196, Jul.
• Michael Ellington & Costas Milas & Ryland Thomas, 2026, "Are the effects of quantitative easing and tightening state contingent?," Bank of England Staff Working Paper series, Bank of England, number 1185, May.
• Mr. Philip Barrett, 2026, "Inferring Structural Beliefs from Macroeconomic Expectations: Evidence from Brazil," IMF Working Papers, International Monetary Fund, number 2026/173, Aug.
• Harold Glenn A. Valera & Mark J. Holmes & Vic K. Delloro, 2025, "The Changing Effect of Energy and Rice Prices and Remittances on Overall Inflation in Emerging Markets: Evidence from the Philippines," BSP Discussion Paper Series, Bangko Sentral ng Pilipinas, number 202502, Apr.
• Clemente Pinilla-Torremocha, 2026, "Persistent and transitory inflation in the euro area: insights from global and domestic shocks," Bank of England Staff Working Paper series, Bank of England, number 1170, Feb.
• Jenny Chan & Sebastian Diz & Derrick Kanngiesser, 2025, "Sticky production and monetary policy," Bank of England Staff Working Paper series, Bank of England, number 1155, Nov.
• Deborah Gefang & Stephen G. Hall & George S. Tavlas, 2026, "Dynamics of the Currency Composition of Central Bank Reserves," Papers, arXiv.org, number 2608.24468, Aug.
• Nikoleta Anesti & Edward Hill & Andreas Joseph, 2026, "Inflation attitudes of large language models," Bank of England Staff Working Paper series, Bank of England, number 1190, Jun.
• Krishan Shah & Philip Bunn & Marko Melolinna, 2025, "Sticky hurdles: the dynamics of firm hurdle rates in a tightening cycle," Bank of England Staff Working Paper series, Bank of England, number 1162, Dec.
• Roshin Paul P & Taniya Ghosh, 2026, "Inflation expectations of Indian households: A Better way to measure, and behavioral consequences," Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India, number 2026-009, May.
• Goldbach, Stefan & Nitsch, Volker, 2026, "Cryptocurrencies and capital flows: evidence from El Salvador’s adoption of Bitcoin," Publications of Darmstadt Technical University, Institute for Business Studies (BWL), Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL), number 161818, Aug, DOI: 10.1080/13504851.2024.2394201.
• Gert Bijnens & John Hutchinson & Arthur Saint-Guilhem, 2026, "Firm Level Heterogeneity and the Impact of Monetary Policy on Labour Demand," Working papers, Banque de France, number 1053.
• Joshi, Ekta & Gomez, Laura & Morales Opazo, Cristian, 2026, "Welfare Effects of Food Price Inflation: Evidence from Peru's 2022 Food-Price Shock," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri, Agricultural and Applied Economics Association, number 404643, DOI: 10.22004/ag.econ.404643.
• Elio Cucullo & Andrew Clare & Angela Gallo, 2026, "SoS! The overnight bilateral liquidity provision of non-bank financial institutions to banks," Bank of England Staff Working Paper series, Bank of England, number 1195, Jul.
• Blanco, Andres & Boar, Corina & Jones, Callum & Midrigan, Virgiliu, 2024, "Nonlinear Dynamics in Menu Cost Economies? Evidence from U.S. Data," CEPR Discussion Papers, Centre for Economic Policy Research, number 19268, Jul.
• Fos, Vyacheslav & Xu, Nancy, 2024, "When Do FOMC Voting Rights Affect Monetary Policy?," CEPR Discussion Papers, Centre for Economic Policy Research, number 19269, Jul.
• Luis M. Viceira & Sally Shen, 2026, "Optimal Currency Strategies Under Deviations From Interest Parity," NBER Working Papers, National Bureau of Economic Research, Inc, number 35498, Jul.
• Yusuf Emre Akgunduz & Kubra Bolukbas & Mehmet Selman Colak & Merve Demirbas Ozbekler & Muhammed Hasan Yilmaz, 2026, "Bank Inflation Expectations, Risk Premia and Lending Behavior," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, number 2616.
• Joan Christine S. Allon-Pineda, 2025, "Inflation Unpacked: Breaking Down the Key Components Using a Neural Phillips Curve," BSP Discussion Paper Series, Bangko Sentral ng Pilipinas, number 202505, Apr.
• Stéphane Dupraz, 2026, "When Do Persistent Supply Shocks Call for Hawkishness?," Working papers, Banque de France, number 1054.
• Manuel Gloria & Chiara Punzo, 2025, "Monetary policy, state-dependent bank capital requirements and the role of non-bank financial intermediaries," Bank of England Staff Working Paper series, Bank of England, number 1556, Nov.
• Michael D. Bordo & Cécile Bastidon, 2026, "Currency Dominance Is Not Forever: Some Insights from a Non-Linear Dynamic Model," NBER Working Papers, National Bureau of Economic Research, Inc, number 35647, Aug.
• Harold Glenn A. Valera & Cymon Kayle Lubangco & Mark J. Holmes, 2025, "​​Does Repeated Cross-section Data Help Explain Consumer Inflation Expectations Revisions?," BSP Discussion Paper Series, Bangko Sentral ng Pilipinas, number 202514, Dec.
• Aaron L. Garavito-Acosta & Wilmer Martinez-Rivera & Juan J. Ospina-Tejeiro & Edgar Caicedo-Garcia, 2026, "Experimenting with Large Language Models for Inflation Forecasting in Colombia," IHEID Working Papers, Economics Section, The Graduate Institute of International Studies, number 23-2026, Aug, revised 01 Sep 2026.
• Philip Bunn & Nicholas Bloom & Craig Menzies & Paul Mizen & Gregory Thwaites & Ivan Yotzov, 2026, "State- and time-dependent pricing," Bank of England Staff Working Paper series, Bank of England, number 1166, Jan.
• Fernandez-Gallardo, Alvaro & Lloyd, Simon & Manuel, Ed, 2026, "The transmission of macroprudential policy in the tails: evidence from a narrative approach," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 140592, Jul.
• Cieslak, Anna & McMahon, Michael, 2024, "Tough Talk: The Fed and the Risk Premium," CEPR Discussion Papers, Centre for Economic Policy Research, number 19313, Jul.
• Jan Carlo B. Punongbayan, 2026, "Oil price pass-through in the Philippines: decomposing fuel and non-fuel inflation," UP School of Economics Discussion Papers, University of the Philippines School of Economics, number 202603, Mar.
• Xu Lu & Yang Song & Yao Zeng, 2026, "Tracing the Impact of Payment Convenience on Deposits: Evidence from Depositor Activeness," NBER Working Papers, National Bureau of Economic Research, Inc, number 35638, Aug.
• Nyborg, Kjell G., 2024, "The Collateral Spread Puzzle: Why Do Repo Rates Often Exceed Unsecured Rates?," CEPR Discussion Papers, Centre for Economic Policy Research, number 19243, Jul.
• Ifada, Felix I. & Adesokan, James A., 2026, "The Impact of Inflation on Income Distribution in Nigeria. An Empirical Approach (1990–2023)," SocArXiv, Center for Open Science, number 6zfxh_v1, Aug, DOI: 10.31235/osf.io/6zfxh_v1.
• Hegemann, Hendrik & Wieland, Volker, 2026, "Scenarios concerning the possible consequences of the Iran war for euro area inflation: Update July 2026," IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS), number 242.

Report NEP-MON-2026-09-07

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: