Report NEP-CBA-2009-12-19

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:

• Rogoff, Kenneth & Obstfeld, Maurice, 2009. "Global Imbalances and the Financial Crisis: Products of Common Causes," CEPR Discussion Papers 7606, C.E.P.R. Discussion Papers.
• Robin Pope & Reinhard Selten & Sebastian Kube & Jürgen von Hagen, 2009. "Managed Floats to Damp Shocks like 1982-5 and 2006-9: Field and Laboratory Evidence for Chinese Interest in a Single World Currency," Bonn Econ Discussion Papers bgse26_2009, University of Bonn, Germany.
• W. Max Corden, 2009. "Ambulance Economics: The Pros and Cons of Fiscal Stimuli," Departmental Working Papers 2009-18, The Australian National University, Arndt-Corden Department of Economics.
• Michael D. Bordo & Harold James, 2009. "The Great Depression Analogy," NBER Working Papers 15584, National Bureau of Economic Research, Inc.
• Buiter, Willem, 2009. "The Limits to Fiscal Stimulus," CEPR Discussion Papers 7607, C.E.P.R. Discussion Papers.
• Buiter, Willem, 2009. "Reversing unconventional monetary policy: technical and political considerations," CEPR Discussion Papers 7605, C.E.P.R. Discussion Papers.
• Kazuo Ueda, 2009. "Non-Traditional Monetary Polices: G7 Central Banks during 2007-2009 and the Bank of Japan during 1998-2006," CIRJE F-Series CIRJE-F-692, CIRJE, Faculty of Economics, University of Tokyo.
• Dailami, Mansoor & Masson, Paul, 2009. "The new multi-polar international monetary system," Policy Research Working Paper Series 5147, The World Bank.
• Asada, Toichiro & Chiarella, Carl & Flaschel, Peter & Mouakil, Tarik & Proaño, Christian R., 2009. "Stabilizing an unstable economy: on the choice of proper policy measures," Economics Discussion Papers 2009-50, Kiel Institute for the World Economy (IfW Kiel).
• Anthony Garratt & James Mitchell & Shaun P. Vahey, 2009. "Measuring output gap uncertainty," Reserve Bank of New Zealand Discussion Paper Series DP2009/15, Reserve Bank of New Zealand.
• Ida Wolden Bache & Anne Sofie Jore & James Mitchell & Shaun P. Vahey, 2009. "Combining VAR and DSGE forecast densities," Working Paper 2009/23, Norges Bank.
• Kolasa, Marcin & Rubaszek, Michał & Skrzypczyński, Paweł, 2009. "Putting the New Keynesian DSGE model to the real-time forecasting test," Working Paper Series 1110, European Central Bank.
• Fabian Eser, 2009. "Monetary Policy in a Currency Union with Heterogeneous Limited Asset Markets Participation," Economics Series Working Papers 464, University of Oxford, Department of Economics.
• Canova, Fabio & Gambetti, Luca, 2009. "Do expectations matter? The Great Moderation revisited," CEPR Discussion Papers 7597, C.E.P.R. Discussion Papers.
• Marco Guerrazzi & Nicola Meccheri, 2009. "From Wage Rigidities to Labour Market Rigidities: A Turning-Point in Explaining Equilibrium Unemployment?," Discussion Papers 2009/94, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
• Dixon, H. D., 2009. "A unified framework for understanding and comparing dynamic wage and price-setting models," Working papers 257, Banque de France.
• Sergey Slobodyan & Raf Wouters, 2009. "Learning in an Estimated Medium-Scale DSGE Model," CERGE-EI Working Papers wp396, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
• Espinoza, Raphael & Fornari, Fabio & Lombardi, Marco J., 2009. "The role of financial variables in predicting economic activity," Working Paper Series 1108, European Central Bank.
• Agnello, Luca & Cimadomo, Jacopo, 2009. "Discretionary Fiscal Policies over the Cycle: New Evidence based on the ESCB Disaggregated Approach," Working Paper Series 1118, European Central Bank.
• Eijffinger, Sylvester & Ehrmann, Michael & Fratzscher, Marcel, 2009. "The role of central bank transparency for guiding private sector forecasts," CEPR Discussion Papers 7585, C.E.P.R. Discussion Papers.
• Ruscher, Eric & Wolff, Guntram B., 2009. "External rebalancing is not just an exporters' story: real exchange rates, the non-tradable sector and the euro," MPRA Paper 19151, University Library of Munich, Germany.
• Brian DePratto & Carlos De Resende & Philipp Maier, 2009. "How Changes in Oil Prices Affect the Macroeconomy," Staff Working Papers 09-33, Bank of Canada.
• Lundblad, Christian T & Jotikasthira, Chotibhak, 2009. "Asset fire sales and purchases and the international transmission of financial shocks," CEPR Discussion Papers 7595, C.E.P.R. Discussion Papers.
• L. Marattin & M. Marzo & P. Zagaglia, 2009. "Distortionary tax instruments and implementable monetary policy," Working Papers 684, Dipartimento Scienze Economiche, Universita' di Bologna.
• Martin Fukac, 2009. "Impulse Response Identification in DSGE Models," Reserve Bank of New Zealand Discussion Paper Series DP2009/14, Reserve Bank of New Zealand.
• Martin Fukac & Adrian Pagan, 2009. "Structural Macro-Econometric Modelling in a Policy Environment," NCER Working Paper Series 50, National Centre for Econometric Research.
• Martin Fukac & Adrian Pagan, 2009. "Structural macro-wconometric modelling in a policy environment," Reserve Bank of New Zealand Discussion Paper Series DP2009/16, Reserve Bank of New Zealand.
• Efrem Castelnuovo, 2009. "Estimating the Evolution of Money's Role in the U.S. Monetary Business Cycle," "Marco Fanno" Working Papers 0103, Dipartimento di Scienze Economiche "Marco Fanno".
• Efrem Castelnuovo, 2009. "Estimating a NKBC Model for the U.S. Economy with Multiple Filters," "Marco Fanno" Working Papers 0102, Dipartimento di Scienze Economiche "Marco Fanno".
• Kuehn, S. & Muysken, J., 2009. "Why inflation targeting central banks seem to follow a standard Taylor rule," Research Memorandum 058, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
• Browne, Frank & Kelly, Robert, 2009. "Money and uncertainty in democratised financial markets," Research Technical Papers 16/RT/09, Central Bank of Ireland.
• Eckhard Wurzel & Luke Willard & Patrice Ollivaud, 2009. "Recent Oil Price Movements: Forces and Policy Issues," OECD Economics Department Working Papers 737, OECD Publishing.
• Mototsugu Shintani & Akiko Terada-Hagiwara & Tomoyoshi Yabu, 2009. "Exchange Rate Pass-Through and Inflation: A Nonlinear Time Series Analysis," Vanderbilt University Department of Economics Working Papers 0920, Vanderbilt University Department of Economics.
• Kilian, Lutz & Lewis, Logan, 2009. "Does the Fed Respond to Oil Price Shocks?," CEPR Discussion Papers 7594, C.E.P.R. Discussion Papers.
• Max Gillman & Anton Nakov, 2009. "Monetary effects on nominal oil prices," Working Papers 0928, Banco de España.
• Yunus Aksoy & Giovanni Melina, 2009. "US Fiscal Indicators, Inflation and Output," Birkbeck Working Papers in Economics and Finance 0918, Birkbeck, Department of Economics, Mathematics & Statistics.
• Campanella, Edoardo, 2009. "The triffin dilemma again," Economics Discussion Papers 2009-46, Kiel Institute for the World Economy (IfW Kiel).
• Bellégo, C. & Ferrara, L., 2009. "Forecasting Euro-area recessions using time-varying binary response models for financial," Working papers 259, Banque de France.
• Rangan Gupta & Alain Kabundi & Stephen M. Miller, 2009. "Forecasting the US Real House Price Index: Structural and Non-Structural Models with and without Fundamentals," Working Papers 200927, University of Pretoria, Department of Economics.
• Ciżkowicz, Piotr & Hołda, Marcin & Rzońca, Andrzej, 2009. "Inflation and investment in monetary growth models," MPRA Paper 19307, University Library of Munich, Germany.
• M. Frömmel & R. Kruse, 2009. "Interest rate convergence in the EMS prior to European Monetary Union," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 09/610, Ghent University, Faculty of Economics and Business Administration.
• Barthélemy, J. & Marx, M. & Poissonnier, A., 2009. "Trends and Cycles : an Historical Review of the Euro Area," Working papers 258, Banque de France.
• Mirdala, Rajmund, 2009. "Exchange rate pass-through to domestic prices in the Central European countries," MPRA Paper 19282, University Library of Munich, Germany.
• Ansgar Belke & Gunther Schnabl & Holger Zemanek, 2009. "Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe," Ruhr Economic Papers 0147, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
• Canova, Fabio & Menz, Tobias, 2009. "Japan's Lost Decade: Does Money have a Role?," CEPR Discussion Papers 7608, C.E.P.R. Discussion Papers.
• Bruun, Charlotte & Heyn-Johnsen, Carsten, 2009. "The paradox of monetary profits: an obstacle to understanding financial and economic Crisis?," Economics Discussion Papers 2009-52, Kiel Institute for the World Economy (IfW Kiel).
• Abbassi, Puriya & Nautz, Dieter & Offermanns, Christian J., 2009. "Interest rate dynamics and monetary policy implementation in Switzerland," SFB 649 Discussion Papers 2009-062, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
• Blank, Sven & Dovern, Jonas, 2009. "What macroeconomic shocks affect the German banking system? Analysis in an integrated micro-macro model," Discussion Paper Series 2: Banking and Financial Studies 2009,15, Deutsche Bundesbank.
• M. Frömmel & G. Garabedian & F. Schobert, 2009. "Monetary Policy Rules in Central and Eastern European Countries: Does the Exchange Rate Matter?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 09/611, Ghent University, Faculty of Economics and Business Administration.
• Tomislav Ćorić & Dajana Cvrlje, 2009. "Central bank independence: The case of Croatia," EFZG Working Papers Series 0909, Faculty of Economics and Business, University of Zagreb.
• Alper, Emre & Hatipoglu, Ozan, 2009. "The Conduct of Monetary Policy in Turkey in the Pre- and Post-crisis Period of 2001 in Comparative Perspective: a Case for Central Bank Independence," MPRA Paper 18426, University Library of Munich, Germany.
• Razzak, Weshah & Bentour, E M, 2009. "Real Interest Rates, Bubbles and Monetary Policy in the GCC countries," MPRA Paper 19384, University Library of Munich, Germany.