Report NEP-CBA-2008-01-05

This is the archive for NEP-CBA, a report on new working papers in the area of Central Banking. Alexander Mihailov issued this report. It is usually issued weekly.

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Other reports in NEP-CBA

The following items were announced in this report:

• John B. Taylor, 2007. "The Explanatory Power of Monetary Policy Rules," NBER Working Papers 13685, National Bureau of Economic Research, Inc.
• John B. Taylor, 2007. "Housing and Monetary Policy," NBER Working Papers 13682, National Bureau of Economic Research, Inc.
• Michael Woodford, 2007. "Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice," NBER Working Papers 13716, National Bureau of Economic Research, Inc.
• Stephanie Schmitt-Grohe & Martin Uribe, 2007. "Optimal simple and implementable monetary and fiscal rules," FRB Atlanta Working Paper 2007-24, Federal Reserve Bank of Atlanta.
• Michael Kumhof & Ricardo C Nunes & Irina Yakadina, 2007. "Simple Monetary Rules Under Fiscal Dominance," IMF Working Papers 07/271, International Monetary Fund.
• Guido Ascari & Neil Rankin, 2007. "Taylor Rules Cause Fiscal Policy Ineffectiveness," CDMA Conference Paper Series 0707, Centre for Dynamic Macroeconomic Analysis.
• Katarina Juselius, 2007. "The PPP Puzzle: What the Data Tell when Allowed to Speak Freely," Discussion Papers 07-33, University of Copenhagen. Department of Economics, revised Dec 2007.
• Søren Johansen & Katarina Juselius & Roman Frydman & Michael Goldberg, 2007. "Testing Hypotheses in an I(2) Model with Applications to the Persistent Long Swings in the Dmk/$ Rate," Discussion Papers 07-34, University of Copenhagen. Department of Economics.
• Watson, Mark, 2007. "Relative Goods? Prices and Pure Inflation," CEPR Discussion Papers 6593, C.E.P.R. Discussion Papers.
• Tatiana Kirsanova & Simon Wren-Lewis, 2007. "Optimal fiscal feedback on debt in an economy with nominal rigidities," FRB Atlanta Working Paper 2007-26, Federal Reserve Bank of Atlanta.
• Ramon Marimon & Javier Díaz-Giménez & Giorgia Giovannetti & Pedro Teles, 2007. "Nominal Debt as a Burden on Monetary Policy," NBER Working Papers 13677, National Bureau of Economic Research, Inc.
• Mardi Dungey & Renee Fry, 2007. "The Identification Of Fiscal And Monetary Policy In A Structural Var," CAMA Working Papers 2007-29, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Olivier J. Blanchard & Jordi Galí, 2007. "The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s?," Working Papers 0711, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
• Andrew Atkeson & Ariel Burstein, 2007. "Pricing-to-market, trade costs, and international relative prices," Working Paper Series 2007-26, Federal Reserve Bank of San Francisco.
• Robert J. Barro, 2007. "Rare Disasters, Asset Prices, and Welfare Costs," NBER Working Papers 13690, National Bureau of Economic Research, Inc.
• David Cass, 2007. "Utility-Based Utility," PIER Working Paper Archive 07-036, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Meyer-Gohde, Alexander, 2007. "Solving linear rational expectations models with lagged expectations quickly and easily," SFB 649 Discussion Papers 2007-069, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
• William A. Branch & Troy Davig & Bruce McGough, 2007. "Expectational stability in regime-switching rational expectations models," Research Working Paper RWP 07-09, Federal Reserve Bank of Kansas City.
• Giancarlo Corsetti & Luca Dedola & Sylvain Leduc, 2007. "Productivity and the dollar," Working Paper Series 2007-27, Federal Reserve Bank of San Francisco.
• Ricardo Lagos & Randall Wright, 2007. "When is Money Essential? A Comment on Aliprantis, Camera and Puzzello," Levine's Bibliography 122247000000001815, UCLA Department of Economics.
• Hillinger, Claude, 2007. "Measuring real value and inflation," Discussion Papers in Economics 2090, University of Munich, Department of Economics.
• David A Vines & Sven Jari Stehn, 2007. "Debt Stabilization Bias and the Taylor Principle; Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence," IMF Working Papers 07/206, International Monetary Fund.
• Anna Maria Carabelli & Mario Aldo Cedrini, 2007. "Current Global Imbalances: Might Keynes Be of Help?," Working Papers 113, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont.
• Janko Gorter & Jan Jacobs & Jakob de Haan, 2007. "Taylor Rules for the ECB using Consensus Data," DNB Working Papers 160, Netherlands Central Bank, Research Department.
• Berger, Helge & Österholm, Pär, 2007. "Does Money Growth Granger-Cause Inflation in the Euro Area? Evidence from Out-of-Sample Forecasts Using Bayesian VARs," Working Paper Series 2007:30, Uppsala University, Department of Economics.
• Taeyoung Doh, 2007. "What does the yield curve tell us about the Federal Reserve's implicit inflation target?," Research Working Paper RWP 07-10, Federal Reserve Bank of Kansas City.
• Laura Alfaro & Fabio Kanczuk, 2007. "Optimal reserve management and sovereign debt," Working Paper Series 2007-29, Federal Reserve Bank of San Francisco.
• Dennis P Botman & David Rose & Douglas Laxton & Philippe D Karam, 2007. "DSGE Modeling at the Fund; Applications and Further Developments," IMF Working Papers 07/200, International Monetary Fund.
• Stracca, Livio, 2007. "Should we take inside money seriously?," Working Paper Series 0841, European Central Bank.
• Cysne, Rubens Penha & Turchick, David, 2007. "An ordering of measures of the welfare cost of inflation in economies with interest-bearing deposits," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 659, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
• Item repec:hhs:bofrdp:2007_025 is not listed on IDEAS anymore

• Sarno, Lucio & Della Corte, Pasquale & Tsiakas, Ilias, 2007. "An Economic Evaluation of Empirical Exchange Rate Models," CEPR Discussion Papers 6598, C.E.P.R. Discussion Papers.
• Lenza, Michele, 2007. "Monetary policy and core inflation," Working Paper Series 0837, European Central Bank.
• Douglas Laxton & Michael Kumhof, 2007. "A Party without a Hangover? On the Effects of U.S. Government Deficits," IMF Working Papers 07/202, International Monetary Fund.
• Axel Lindner, 2007. "Does too much Transparency of Central Banks Prevent Agents from Using their Private Information Efficiently?," IWH Discussion Papers 16, Halle Institute for Economic Research.
• Giannone, Domenico & D’Agostino, Antonello & Surico, Paolo, 2007. "(Un)Predictability and Macroeconomic Stability," CEPR Discussion Papers 6594, C.E.P.R. Discussion Papers.
• Habib, Maurizio Michael & Kalamova, Margarita Manolova, 2007. "Are there oil currencies? The real exchange rate of oil exporting countries," Working Paper Series 0839, European Central Bank.
• Afonso, António & Furceri, Davide, 2007. "Business cycle synchronization and insurance mechanisms in the EU," Working Paper Series 0844, European Central Bank.
• Kristoffer Nimark, 2007. "Dynamic Pricing and Imperfect Common Knowledge," RBA Research Discussion Papers rdp2007-12, Reserve Bank of Australia.
• Huberto M. Ennis, 2007. "Avoiding the inflation tax," Working Paper 07-06, Federal Reserve Bank of Richmond.
• Elitza Mileva & Nikolaus Siegfried, 2007. "Oil market structure, network effects and the choice of currency for oil invoicing," Occasional Paper Series 77, European Central Bank.
• Szilárd Erhart & Jose-Luis Vasquez-Paz, 2007. "Optimal monetary policy committee size: Theory and cross country evidence," MNB Working Papers 2007/6, Magyar Nemzeti Bank (Central Bank of Hungary).
• Han, Bing & Hirshleifer, David & Wang, Tracy, 2005. "Investor Overconfidence and the Forward Discount Puzzle," MPRA Paper 6497, University Library of Munich, Germany, revised Dec 2007.
• Petya Koeva Brooks, 2007. "Does the Bank Lending Channel of Monetary Transmission Work in Turkey?," IMF Working Papers 07/272, International Monetary Fund.
• Lamont K. Black & Richard J. Rosen, 2007. "How the credit channel works: differentiating the bank lending channel and the balance sheet channel," Working Paper Series WP-07-13, Federal Reserve Bank of Chicago.
• Altunbas, Yener & Gambacorta, Leonardo & Marqués-Ibáñez, David, 2007. "Securitisation and the bank lending channel," Working Paper Series 0838, European Central Bank.
• Olan T Henry, 2007. "Between The Rock and a Hard Place: Regime Switching in the RelationshipBetween Short-Term Interest Rates and Equity Returns in the UK," Department of Economics - Working Papers Series 1019, The University of Melbourne.
• Chew Lian Chua & Chin Nam Low, 2007. "Permanent Structural Change in the US Short-Term and Long-Term Interest Rates," Melbourne Institute Working Paper Series wp2007n22, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
• Stephanie E. Curcuru & Tomas Dvorak & Francis E. Warnock, 2007. "Cross-border returns differentials," Globalization Institute Working Papers 04, Federal Reserve Bank of Dallas.
• Jahangir Aziz & Xiangming Li, 2007. "China’s Changing Trade Elasticities," IMF Working Papers 07/266, International Monetary Fund.
• Patrick A. Imam, 2007. "Effect of IMF Structural Adjustment Programs on Expectations; The Case of Transition Economies," IMF Working Papers 07/261, International Monetary Fund.
• García, Juan Angel & Manzanares, Andrés, 2007. "Reporting biases and survey results: evidence from European professional forecasters," Working Paper Series 0836, European Central Bank.
• Item repec:hhs:bofrdp:2007_026 is not listed on IDEAS anymore

• Hiroshi Fujiki & Akiko Terada-Hagiwara, 2007. "Financial integration in East Asia," Working Paper Series 2007-30, Federal Reserve Bank of San Francisco.
• Thams, Andreas, 2007. "Inflation Transmission in the EMU: A Markov-Switching VECM Analysis," MPRA Paper 1643, University Library of Munich, Germany.
• Sandra Hadler & Christine Moloi & Sally Wallace, 2007. "Flat Rate Taxes; A Policy Note," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0706, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
• Lindbeck, Assar, 2007. "János Kornai’s Contributions to Economic Analysis," Working Paper Series 724, Research Institute of Industrial Economics.
• Du Caju, Philip & Fuss, Catherine & Wintr, Ladislav, 2007. "Downward wage rigidity for different workers and firms: an evaluation for Belgium using the IWFP procedure," Working Paper Series 0840, European Central Bank.
• Horobet, Alexandra & Ilie, Livia, 2007. "On the dynamic link between stock prices and exchange rates: evidence from Romania," MPRA Paper 6429, University Library of Munich, Germany.
• Noha Farrag & Ahmed Kamaly, 2007. "Measuring the Degree of Central Bank Independence in Egypt," Working Papers 4, The German University in Cairo, Faculty of Management Technology.
• Fernando M. Gonçalves, 2007. "The Optimal Level of Foreign Reserves in Financially Dollarized Economies; The Case of Uruguay," IMF Working Papers 07/265, International Monetary Fund.
• Adriana Soares Sales & Maria Tannuri-Pianto, 2007. "Identification of Monetary Policy Shocks in the Brazilian Market for Bank Reserves," Working Papers Series 154, Central Bank of Brazil, Research Department.
• Andrea, SILVESTRINI, 2007. "Testing fiscal sustainability in Poland : a Bayesian analysis of cointegration," Discussion Papers (ECON - Département des Sciences Economiques) 2007040, Université catholique de Louvain, Département des Sciences Economiques.
• Renu Kohli & Sudip Mohapatra, 2007. "What Explains India’s Real Appreciation?," IMF Working Papers 07/268, International Monetary Fund.
• Edimon Ginting, 2007. "Is Inflation in India an Attractor of Inflation in Nepal?," IMF Working Papers 07/269, International Monetary Fund.
• Robert Tchaidze, 2007. "Estimating Iceland’s Real Equilibrium Exchange Rate," IMF Working Papers 07/276, International Monetary Fund.