Report NEP-CBA-2011-05-14

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:

• Bennett T. McCallum, 2011. "Should Central Banks Raise their Inflation Targets? Some Relevant Issues," NBER Working Papers 17005, National Bureau of Economic Research, Inc.
• Otmar Issing, 2011. "Lessons for Monetary Policy; What Should the Consensus Be?," IMF Working Papers 11/97, International Monetary Fund.
• Laurence Ball & Sandeep Mazumder, 2011. "Inflation Dynamics and the Great Recession," Economics Working Paper Archive 580, The Johns Hopkins University,Department of Economics.
• Olivier Coibion, 2011. "Are the Effects of Monetary Policy Shocks Big or Small?," NBER Working Papers 17034, National Bureau of Economic Research, Inc.
• Alessandro Rebucci & Akito Matsumoto & Pietro Cova & Massimiliano Pisani, 2011. "New Shocks and Asset Price Volatility in General Equilibrium," IMF Working Papers 11/110, International Monetary Fund.
• Jean Pisani-Ferry & Adam Posen, 2011. "From convoy to parting ways? Post-crisis divergence between European and US macroeconomic Policies," Bruegel Working Papers 498, Bruegel.
• Warwick J McKibbin & Andrew B Stoeckel, 2011. "Global Fiscal Consolidation," CAMA Working Papers 2011-09, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Nicoletta Batini & Julia Guerreiro & Giovanni Callegari, 2011. "“An Analysis of U.S. Fiscal and Generational Imbalances; Who Will Pay and How?”," IMF Working Papers 11/72, International Monetary Fund.
• Smets, Frank & Tristani, Oreste & Motto, Roberto & Rostagno, Massimo & Fahr, Stephan, 2011. "A monetary policy strategy in good and bad times: lessons from the recent past," Working Paper Series 1336, European Central Bank.
• Hubrich, Kirstin & Marcellino, Massimiliano & Beck, Günter W., 2011. "On the importance of sectoral and regional shocks for price-setting," Working Paper Series 1334, European Central Bank.
• Igor Lebrun & Esther Perez Ruiz, 2011. "Real Unit Labor Costs Differentials in EMU+L4700; How Big, How Benign and How Reversible?," IMF Working Papers 11/109, International Monetary Fund.
• Chia-Lin Chang & Philip Hans Franses & Michael McAleer, 2011. "Evaluating Individual and Mean Non-Replicable Forecasts," KIER Working Papers 773, Kyoto University, Institute of Economic Research.
• Carla Soares & Paulo M.M. Rodrigues, 2011. "Determinants of the EONIA spread and the financial crisis," Working Papers w201112, Banco de Portugal, Economics and Research Department.
• Pau Rabanal & Christopher W. Crowe & Giovanni Dell'Ariccia & Deniz O Igan, 2011. "How to Deal with Real Estate Booms; Lessons from Country Experiences," IMF Working Papers 11/91, International Monetary Fund.
• BAUWENS, Luc & KOOP, Gary & KOROBILIS, Dimitris & ROMBOUTS, Jeroen V. K., 2011. "A comparison of forecasting procedures for macroeconomic series: the contribution of structural break models," LIDAM Discussion Papers CORE 2011003, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
• Alfred Guender, 2011. "The Timeless Perspective vs. Discretion: Theory and Monetary Policy Implications for an Open Economy," Working Papers in Economics 11/19, University of Canterbury, Department of Economics and Finance.
• Alfred Guender, 2011. "CPI Inflation Targeting and the UIP Puzzle: An Appraisal of Instrument and Target Rules," Working Papers in Economics 11/18, University of Canterbury, Department of Economics and Finance.
• Richard T. Froyen & Alfred Guender, 2011. "Instrument Versus Target Rules As Specifications of Optimal Monetary Policy: What are the Issues, If Any?," Working Papers in Economics 11/20, University of Canterbury, Department of Economics and Finance.
• Juha Tervala, 2011. "International Welfare Effects of Monetary Policy," Discussion Papers 66, Aboa Centre for Economics.
• Juha Tervala, 2011. "Keeping Up with the Joneses and the Welfare Effects of Monetary Policy," Discussion Papers 65, Aboa Centre for Economics.
• Ignazio Angeloni, 2011. "Let's bring our acts together," Bruegel Policy Brief 524, Bruegel.
• Guembel, Alexander & Sussman, Oren, 2010. "Liquidity, Contagion and Financial Crisis," IDEI Working Papers 664, Institut d'Économie Industrielle (IDEI), Toulouse.
• Jagjit S. Chadha & Luisa Corrado, 2011. "Macro-prudential Policy on Liquidity: What Does a DSGE Model Tell Us?," CEIS Research Paper 193, Tor Vergata University, CEIS, revised 02 May 2011.
• Pablo Pincheira & Mauricio Calani, 2010. "Communicational Bias in Monetary Policy: Can Words Forecast Deeds?," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2010), pages 103-152, August.
• Fahlenbrach, Rudiger & Prilmeier, Robert & Stulz, Rene M., 2011. "This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance during the Recent Financial Crisis," Working Paper Series 2011-10, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
• Gambacorta, Leonardo & Marqués-Ibáñez, David, 2011. "The bank lending channel: lessons from the crisis," Working Paper Series 1335, European Central Bank.
• James P Walsh, 2011. "Reconsidering the Role of Food Prices in Inflation," IMF Working Papers 11/71, International Monetary Fund.
• Troy D Matheson, 2011. "Financial Conditions Indexes for the United States and Euro Area," IMF Working Papers 11/93, International Monetary Fund.
• Marco Terrones & Ayhan Kose & Stijn Claessens, 2011. "How Do Business and Financial Cycles Interact?," IMF Working Papers 11/88, International Monetary Fund.
• Sandra Gomes & P. Jacquinot, 2011. "Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment," Working Papers w201113, Banco de Portugal, Economics and Research Department.
• Kurt Mitman & Stanislav Rabinovich, 2011. "Pro-Cyclical Unemployment Benefits? Optimal Policy in an Equilibrium Business Cycle Model," PIER Working Paper Archive 11-010, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
• Elena, Gerko & Kirill, Sossounov, 2011. "Trend inflation and Monetary policy rules: Determinacy analyses in New Keynesian model with capital accumulation," MPRA Paper 30551, University Library of Munich, Germany.
• Dan Luo & Iris Biefang-Frisancho Mariscal & Peter Howells, 2011. "The effect of monetary policy on investors’ risk perception: Evidence from the UK and Germany," Working Papers 1107, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
• James McHugh & Iva Petrova & Emanuele Baldacci, 2011. "Measuring Fiscal Vulnerability and Fiscal Stress; A Proposed Set of Indicators," IMF Working Papers 11/94, International Monetary Fund.
• Lopez, C. & Papell, David H., 2011. "Convergence of Euro Area Inflation Rates," Working papers 326, Banque de France.
• ZHELOBODKO, Evgeny & KOKOVIN, Sergey & PARENTI, Mathieu & THISSE, Jean - François, 2011. "Monopolistic competition in general equilibrium: beyond the CES," LIDAM Discussion Papers CORE 2011010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
• Oscar Pavlov & Mark Weder, 2011. "Variety Matters," CDMA Working Paper Series 201106, Centre for Dynamic Macroeconomic Analysis.
• Oscar Pavlov & Mark Weder, 2011. "Variety Matters," School of Economics and Public Policy Working Papers 2011-23, University of Adelaide, School of Economics and Public Policy.
• Rita Soares, 2011. "Assessing monetary policy in the euro area: a factor-augmented VAR approach," Working Papers w201111, Banco de Portugal, Economics and Research Department.
• James K. Galbraith, 2011. "Is the Federal Debt Unsustainable??," Economics Policy Note Archive 11-02, Levy Economics Institute.
• Kappler, Marcus & Reisen, Helmut & Schularick, Moritz & Turkisch, Edouard, 2011. "The macroeconomic effects of large exchange rate appreciations," Discussion Papers 2011/3, Free University Berlin, School of Business & Economics.
• Kei Kawakami & Rafael Romeu, 2011. "Identifying Fiscal Policy Transmission in Stochastic Debt Forecasts," IMF Working Papers 11/107, International Monetary Fund.
• Pål Boug & Ådne Cappelen & Anders R. Swensen, 2011. "The new Keynesian Phillips curve: Does it fit Norwegian data?," Discussion Papers 652, Statistics Norway, Research Department.
• Santiago Acosta Ormaechea & David O Coble Fernandez, 2011. "The Monetary Transmission in Dollarized and Non-Dollarized Economies; The Cases of Chile, New Zealand, Peru and Uruguay," IMF Working Papers 11/87, International Monetary Fund.
• Yulia Vymyatnina & Anna Ignatenko, 2011. "Inflation and Bank of Russia's Policy: Is There a Link?," EUSP Department of Economics Working Paper Series Ec-03/11, European University at St. Petersburg, Department of Economics, revised 04 Mar 2011.
• Jonathan C Dunn & Matt Davies & Yongzheng Yang & Yiqun Wu & Shengzu Wang, 2011. "Monetary Policy Transmission Mechanisms in Pacific Island Countries," IMF Working Papers 11/96, International Monetary Fund.
• Elif C Arbatli Saxegaard & Kenji Moriyama, 2011. "Estimating a Small Open-Economy Model for Egypt; Spillovers, Inflation Dynamics, and Implications for Monetary Policy," IMF Working Papers 11/108, International Monetary Fund.
• Ding Ding & Rahul Anand & Shanaka J Peiris, 2011. "Towards Inflation Targeting in Sri Lanka," IMF Working Papers 11/81, International Monetary Fund.