Report NEP-MON-2026-09-21

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:

• Arisa Chantaraboontha, 2025, "Measuring the Effects of US Unconventional Monetary Policy Surprises on Exchange Rates across Monetary Conditions," ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka, number 1276r, Feb, revised Sep 2026.
• Barbon, Andrea & Barthélemy, Jean & Nguyen, Benoît, 2026, "DeFi-ying the Fed? Monetary policy transmission to stablecoin deposit rates," Working Paper Series, European Central Bank, number 3280, Sep.
• Varela Garcia, Nicolas, 2026, "A pool of contingent liquidity? Monetary policy shocks and the Spanish interbank market in the 1950s-1960s," IFCS - Working Papers in Economic History.WH, Universidad Carlos III de Madrid. Instituto Figuerola, number 50765, Sep.
• Schwind, Patrick & Weinand, Sebastian, 2026, "Contributions to euro area inflation over arbitrary time periods," Technical Papers, Deutsche Bundesbank, number 02/2026, DOI: 10.71734/TP-2026-2.
• William Pagel, 2026, "A welfare analysis of the central bank balance sheet," Bank of England Staff Working Paper series, Bank of England, number 1202, Aug.
• Kristen Payne & Mary-Frances Styczynski, 2026, "New Forms of Money and the U.S. Monetary Aggregates," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-09-04, Sep, DOI: 10.17016/2380-7172.4150.
• Sriya Anbil & Alyssa G. Anderson & Lucy Cordes & Romina Ruprecht, 2026, "Repo Markets and the Fed's Balance Sheet: Implications for Monetary Policy Implementation," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-08-26-2, Aug, DOI: 10.17016/2380-7172.4069.
• Alexis Stenfors & Mimoza Shabani & David Gabauer & Jan Toporowski, 2026, "Decomposing the rate of inflation: Forecast-based connectedness among CPI components," Post-Print, HAL, number hal-05694957, Oct, DOI: 10.1016/j.econmod.2026.107708.
• Aydin Yakut, Dilan & Byrne, David & Goodhead, Robert, 2026, "What makes Monetary Policy More Powerful? A Big Data Approach," Research Technical Papers, Central Bank of Ireland, number 09/RT/26, Aug.
• Scalone, Valerio & Tenreyro, Silvana, 2026, "Endogenous monetary policy effectiveness," Working Paper Series, European Central Bank, number 3281, Sep.
• Hüttl, Pia & Ider, Gökhan & Kaldorf, Matthias, 2026, "Collateral policy surprises," Discussion Papers, Deutsche Bundesbank, number 22/2026, DOI: 10.71734/DP-2026-22.
• Krüger, Jacqueline & Dinger, Valeriya, 2026, "Expected inflation and saving in categories," Discussion Papers, Deutsche Bundesbank, number 18/2026, DOI: 10.71734/DP-2026-18.
• Per Asberg-Sommar & Mathias Drehmann & Denise Hansson & Vatsala Shreeti, 2026, "What determines banks' excess demand for reserves?," BIS Working Papers, Bank for International Settlements, number 1376, Sep.
• Krüger, Ulrich & Wong, Lui Hsian, 2026, "Long-term implications of a digital euro on liquidity and funding costs in the German banking system," Discussion Papers, Deutsche Bundesbank, number 19/2026, DOI: 10.71734/DP-2026-19.
• Marlow, Joe & Aydin Yakut, Dilan, 2026, "Nowcasting Euro Area Inflation," Central Bank Staff Insights, Central Bank of Ireland, number 10/SI/26, Jul.
• Woodgate, Ryan, 2026, "Generalised conflict inflation: Rigidities, indexation, and their endogeneity on the path to hyperinflation," IPE Working Papers, Berlin School of Economics and Law, Institute for International Political Economy (IPE), number 277/2026.
• Vegard H. Larsen & Leif Anders Thorsrud, 2026, "Zero-Shot Conditional Forecasting and the Information Content of Central Bank Paths," CESifo Working Paper Series, CESifo, number 12972.
• Mihai-Vasile Cîrja & Jordi Romeu Granados, 2026, "Transparency and accountability as drivers of cultural change. A comparative analysis of central banks and national competent authorities," Occasional Papers, Banco de España, number 2617, Sep, DOI: https://doi.org/10.53479/44345.
• Aydan Dogan & Ozgen Ozturk, 2026, "Innovation, financial frictions, and persistent effects of monetary policy," Bank of England Staff Working Paper series, Bank of England, number 1205, Sep.
• Colin Weiss, 2026, "Why Gold Didn't Actually Overtake Treasury Securities as the World's "Favorite" Reserve Asset," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-09-03-2, Sep, DOI: 10.17016/2380-7172.4147.
• Olivier Gu'eant, 2026, "Historical Reflections on Interest Rates and the Emergence of the Yield Curve," Papers, arXiv.org, number 2609.07958, Sep.
• Goodhart, Charles & Peiris, M. Udara & Tsomocos, Dimitrios & Wang, Xuan, 2026, "HKC05 - Household Portfolios, Corporate Leverage, and the Supply Side of Monetary Policy," Oberlin College Kasper Economics and Business Working Papers Series, Oberlin College, Department of Economics, number 2602, Jun.
• Jeremy Bertomeu & Xiumin Martin & Ibrahima Sall, 2026, "Measuring DeFi Risk," Papers, arXiv.org, number 2609.07902, Sep.
• Matthew Read, 2026, "Sign Restrictions and Supply-demand Decompositions of Inflation," Papers, arXiv.org, number 2609.06907, Sep.
• Elena Falcettoni, 2026, "A Decade of U.S. Cross-Border Payments Efforts," FEDS Notes, Board of Governors of the Federal Reserve System (U.S.), number 2026-08-26-1, Aug, DOI: 10.17016/2380-7172.4143.
• Carin van der Cruijsen & Nicole Jonker, 2026, "Are households ready to weather a digital storm in retail payments? Evidence from the Netherlands," Working Papers, DNB, number 869, Sep.