Report NEP-MON-2012-08-23

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:

• Hernando Vargas & Pamela Cardozo, 2012. "The Use of Reserve Requirements in an Optimal Monetary Policy Framework," Borradores de Economia 716i, Banco de la Republica de Colombia.
• Daniel L. Thornton, 2012. "Monetary policy: why money matters, and interest rates don’t," Working Papers 2012-020, Federal Reserve Bank of St. Louis.
• Pavel Trunin & Natalia Luksha, 2012. "Russia’s 2011 Monetary Policy," Published Papers 10, Gaidar Institute for Economic Policy, revised 2012.
• William T. Gavin & Benjamin D. Keen, 2012. "The zero lower bound and the dual mandate," Working Papers 2012-026, Federal Reserve Bank of St. Louis.
• Shanaka J Peiris & Ding Ding, 2012. "Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands," IMF Working Papers 12/176, International Monetary Fund.
• Michael Funke & Michael Paetz & Qianying Chen,, 2012. "Market and Non-Market Monetary Policy Tools in a Calibrated DSGE Model for Mainland China," Quantitative Macroeconomics Working Papers 21207, Hamburg University, Department of Economics.
• Nicholas Apergis & Stephen M. Miller & Effrosyni Alevizopoulou, 2012. "The Bank Lending Channel and Monetary Policy Rules for European Banks: Further Extensions," Working papers 2012-10, University of Connecticut, Department of Economics.
• Serhan Cevik & Katerina Teksoz, 2012. "Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries," IMF Working Papers 12/191, International Monetary Fund.
• Petreski, Marjan & Jovanovic, Branimir, 2012. "New Approach to Analyzing Monetary Policy in China," MPRA Paper 40497, University Library of Munich, Germany.
• Nir Klein, 2012. "Estimating the Implicit Inflation Target of the South African Reserve Bank," IMF Working Papers 12/177, International Monetary Fund.
• Kornél Kisgergely, 2012. "Is there a carry trade channel of monetary policy in emerging countries?," MNB Working Papers 2012/3, Magyar Nemzeti Bank (Central Bank of Hungary).
• Roman Horváth & Kateřina Šmídková & Jan Zápal, 2012. "Central Banks' Voting Records and Future Policy," Working Papers 316, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
• Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Hermen Jan Hupkes, 2012. "Backward- versus Forward-Looking Feedback Interest Rate Rules," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00721289, HAL.
• Daniel R. Sanches, 2012. "On the inherent instability of private money," Working Papers 12-19, Federal Reserve Bank of Philadelphia.
• Ansgar Belke & Jens Klose, 2012. "Modifying Taylor Reaction Functions in Presence of the Zero-Lower-Bound – Evidence for the ECB and the Fed," Ruhr Economic Papers 0343, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
• Yung Chul Park & Charles Wyplosz, 2012. "International Monetary Reform : A Critical Appraisal of Some Proposals," Macroeconomics Working Papers 23313, East Asian Bureau of Economic Research.
• Paulo Brito & Giancarlo Marini & Alessandro Piergallini, 2012. "House Prices and Monetary Policy," CEIS Research Paper 250, Tor Vergata University, CEIS, revised 01 Aug 2012.
• Yung Chul Park & Charles Wyplosz, 2012. "International Monetary Reform : A Critical Appraisal of Some Proposals," Finance Working Papers 23313, East Asian Bureau of Economic Research.
• Lieven Baele & et al., 2012. "Macroeconomic Regimes," Faculty Working Papers 03/12, School of Economics and Business Administration, University of Navarra.
• Csávás, Csaba & Erhart, Szilárd & Naszódi, Anna & Pintér, Klára, 2012. "Changing central bank transparency in Central and Eastern Europe during the financial crisis," MPRA Paper 40335, University Library of Munich, Germany.
• Ramon Marimon & Juan Pablo Nicolini & Pedro Teles, 2012. "Money is an experience good: competition and trust in the private provision of money," Staff Report 467, Federal Reserve Bank of Minneapolis.
• Stephane Auray & Paul Gomme & Shen Guo, 2012. "Nominal Rigidities, Monetary Policy and Pigou Cycles: On-line Appendix," Working Papers 12007, Concordia University, Department of Economics.
• Gábor, Tamás, 2012. "China's monetary sterilization and it's economical relationship with the European Union," MPRA Paper 40362, University Library of Munich, Germany.
• Julia Bersch & Steven A Barnett & Yasuhisa Ojima, 2012. "Inflation Dynamics in Mongolia; Understanding the Roller Coaster," IMF Working Papers 12/192, International Monetary Fund.
• Etienne B Yehoue, 2012. "On Price Stability and Welfare," IMF Working Papers 12/189, International Monetary Fund.
• Beatrice D. Simo - Kengne & Mehmet Balcilar & Rangan Gupta & Monique Reid & Goodness C. Aye, 2012. "Is the relationship between monetary policy and house prices asymmetric in South Africa? Evidence from a Markov-Switching Vector Autoregressive mode," Working Papers 14/2012, Stellenbosch University, Department of Economics.
• Roth, Felix & Jonung, Lars & Nowak-Lehmann D., Felicitas, 2012. "Public Support for the Single European Currency, the Euro, 1990 to 2011. Does the Financial Crisis Matter?," Working Papers 2012:20, Lund University, Department of Economics.
• Christopher Otrok & Gianluca Benigno & Huigang Chen & Alessandro Rebucci & Eric R. Young, 2012. "Monetary and Macro-Prudential Policies: An Integrated Analysis," Working Papers 1208, Department of Economics, University of Missouri.
• Samuel Hanson & Jeremy C. Stein, 2012. "Monetary policy and long-term real rates," Finance and Economics Discussion Series 2012-46, Board of Governors of the Federal Reserve System (U.S.).
• Michal Franta & Jan Libich & Petr Stehlik, 2012. "Tracking Monetary-Fiscal Interactions Across Time and Space," Working Papers 2012/06, Czech National Bank.
• Jean Pisani-Ferry & Silvia Merler, 2012. "The simple macroeconomics of North and South in EMU," Working Papers 740, Bruegel.
• Monacelli, Tommas, 2012. "Is Monetary Policy in an Open Economy Fundamentally Different?," CEPR Discussion Papers 9087, C.E.P.R. Discussion Papers.
• Ács, Attila, 2012. "Liquidity and asset prices: a VECM approach," MPRA Paper 40331, University Library of Munich, Germany.
• Efraim Benmelech, 2012. "An Empirical Analysis of the Fed's Term Auction Facility," NBER Working Papers 18304, National Bureau of Economic Research, Inc.
• Paul Levine & Joseph Pearlman & Bo Yang, 2012. "Imperfect Information, Optimal Monetary Policy and Informational Consistency," School of Economics Discussion Papers 1012, School of Economics, University of Surrey.
• Chu, Angus C. & Ji, Lei, 2012. "Monetary policy and endogenous market structure in a Schumpeterian economy," MPRA Paper 40467, University Library of Munich, Germany.
• Abhijit Sen Gupta, 2012. "Exchange Rate Coordination in Asia : Evidence using the Asian Currency Unit," Macroeconomics Working Papers 23321, East Asian Bureau of Economic Research.
• Janet Gale Stotsky & Manuk Ghazanchyan & Olumuyiwa S Adedeji & Nils O Maehle, 2012. "The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa," IMF Working Papers 12/148, International Monetary Fund.
• Giancarlo Marini & Giovanni Piersanti, 2012. "Models of Speculative Attacks and Crashes in International Capital Markets," CEIS Research Paper 245, Tor Vergata University, CEIS, revised 24 Jul 2012.
• Masayuki Susai & Yushi Yoshida, 2012. "Central bank interventions and limit order behavior in the foreign exchange market," Discussion Papers 56, Kyushu Sangyo University, Faculty of Economics.
• Noriaki Kinoshita & Cameron McLoughlin, 2012. "Monetization in Low- and Middle-Income Countries," IMF Working Papers 12/160, International Monetary Fund.
• Francesco Giuli & Massimiliano Tancioni, 2012. "Prince-setting, monetary policy and the contractionary effects of productivity improvements," Departmental Working Papers of Economics - University 'Roma Tre' 0161, Department of Economics - University Roma Tre.
• Stephane Auray & Paul Gomme & Shen Guo, 2012. "Nominal Rigidities, Monetary Policy and Pigou Cycles," Working Papers 12006, Concordia University, Department of Economics.
• John H. MUNRO, 2012. "Money Matters: A Critique of the Postan Thesis on Medieval Population, Prices, and Wages," Working Papers tecipa-463, University of Toronto, Department of Economics.
• Kerényi, Ádám, 2012. "Need for rethinking of the Hungarian fiscal and monetary policy," MPRA Paper 40352, University Library of Munich, Germany.
• Gianluca Benigno & Huigang Chen & Christopher Otrok & Alessandro Rebucci & Eric R. Young, 2012. "Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective," CEP Discussion Papers dp1160, Centre for Economic Performance, LSE.
• Fabrizio Mattesini & Giuseppina Gianfreda, 2012. "The Acceptability of Money with Multiple Notes Issuers:the Case of Italy (1861-1893)," Working Papers LuissLab 12100, Dipartimento di Economia e Finanza, LUISS Guido Carli.
• Schmid, Peter Alfons, 2012. "The crisis of the EMU," MPRA Paper 40390, University Library of Munich, Germany.
• S. Boragan Aruoba & Morris A. Davis & Randall Wright, 2012. "Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes," NBER Working Papers 18276, National Bureau of Economic Research, Inc.
• Gianluca Benigno & Huigang Chen & Christopher Otrok & Alessandro Rebucci & Eric Young, 2012. "Capital controls or exchange rate policy? a pecuniary externality perspective," Working Papers 2012-025, Federal Reserve Bank of St. Louis.
• Chalongphob Sussangkarn, 2012. "Prevention and Resolution of Foreign Exchange Crises in East Asia," Finance Working Papers 23314, East Asian Bureau of Economic Research.
• Edouard Challe & Chryssi Giannitsarou, 2012. "Stock Prices And Monetary Policy Shocks: A General Equilibrium Approach," Working Papers hal-00719956, HAL.
• Anders Aslund, 2012. "Why a Breakup of the Euro Area Must Be Avoided: Lessons from Previous Breakups," Policy Briefs PB12-20, Peterson Institute for International Economics.
• Raghbendra Jha & Varsha S. Kulkarni, 2012. "Inflation Volatility and the Inflation-Growth Tradeoff in India," ASARC Working Papers 2012-11, The Australian National University, Australia South Asia Research Centre.
• Guillermo A. Calvo, 2012. "The Price Theory of Money, Prospero's Liquidity Trap, and Sudden Stop: Back to Basics and Back," NBER Working Papers 18285, National Bureau of Economic Research, Inc.
• Bill Russell & Rosen Azad Chowdhury, 2012. "Estimating United States Phillips Curves With Expectations Consistent With The Statistical Process Of Inflation," Dundee Discussion Papers in Economics 265, Economic Studies, University of Dundee.
• Ismael Martinez-Martinez & Ricardo Lopez-Ruiz, 2012. "Directed Random Markets: Connectivity determines Money," Papers 1208.0451, arXiv.org.