Report NEP-MON-2016-01-03

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:

• Klara Halova & Roman Horvath, 2015. "International Spillovers of ECB’s Unconventional Monetary Policy: The Effect on Central and Eastern Europe," Working Papers 351, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
• Francesco Saraceno & Roberto Tamborini, 2015. "How can it work? On the impact of quantitative easing in the Eurozone," DEM Working Papers 2015/03, Department of Economics and Management.
• Owen F. Humpage & Sanchita Mukherjee, 2015. "Even Keel and the Great Inflation," Working Papers (Old Series) 1532, Federal Reserve Bank of Cleveland.
• Dräger, Lena & Proaño, Christian R., 2015. "Cross-border banking and business cycles in asymmetric currency unions," BERG Working Paper Series 105, Bamberg University, Bamberg Economic Research Group.
• Marine Charlotte André & Meixing Dai, 2015. "Central bank accountability under adaptive learning," Working Papers of BETA 2015-32, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
• Konstantinos Theodoridis & Haroon Mumtaz, 2015. "Dynamic Effects of Monetary Policy Shocks on Macroeconomic Volatility," Working Papers 101219932, Lancaster University Management School, Economics Department.
• Aleksandra Halka, 2015. "Lessons from the crisis.Did central banks do their homework?," NBP Working Papers 224, Narodowy Bank Polski.
• Anaya, Pablo & Hachula, Michael & Offermanns, Christian, 2015. "Spillovers of U.S. unconventional monetary policy to emerging markets: The role of capital flows," Discussion Papers 2015/35, Free University Berlin, School of Business & Economics.
• Müller, Gernot & Wolf, Martin & Kuvshinov, Dmitry, 2015. "Deleveraging, deflation and depreciation in the euro area," CEPR Discussion Papers 11015, C.E.P.R. Discussion Papers.
• Krug, Sebastian, 2015. "The interaction between monetary and macroprudential policy: Should central banks "lean against the wind" to foster macrofinancial stability?," Economics Working Papers 2015-08, Christian-Albrechts-University of Kiel, Department of Economics.
• Rangan Gupta & Charl Jooste, 2015. "Unconventional Monetary Policy Shocks in OECD Countries: How Important is the Extent of Policy Uncertainty?," Working Papers 201587, University of Pretoria, Department of Economics.
• Woodford, Michael & Cúrdia, Vasco, 2015. "Credit Frictions and Optimal Monetary Policy," CEPR Discussion Papers 11016, C.E.P.R. Discussion Papers.
• Todd Keister & Antoine Martin & James J. McAndrews, 2015. "Floor systems and the Friedman rule: the fiscal arithmetic of open market operations," Staff Reports 754, Federal Reserve Bank of New York.
• Villafuerte , James & Yap, Josef T., 2015. "Managing Capital Flows in Asia: An Overview of Key Issues," ADB Economics Working Paper Series 464, Asian Development Bank.
• Jin Cao & Gerhard Illing, 2015. "Money in the equilibrium of banking," Working Paper 2015/22, Norges Bank.
• McMahon, Michael & Hansen, Stephen, 2015. "Shocking language: Understanding the macroeconomic effects of central bank communication," CEPR Discussion Papers 11018, C.E.P.R. Discussion Papers.
• Roman Horvath & Dominika Katuscakova, 2015. "Transparency and Trust: The Case of the European Central Bank," Working Papers 352, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
• Taisuke Nakata & Sebastian Schmidt, 2014. "Conservatism and Liquidity Traps," UTokyo Price Project Working Paper Series 059, University of Tokyo, Graduate School of Economics, revised Jul 2015.
• Malte Rieth, 2015. "Can Central Banks Successfully Lean against Global Headwinds?," DIW Roundup: Politik im Fokus 88, DIW Berlin, German Institute for Economic Research.
• Hiroshi Ugai, 2015. "Transmission Channels and Welfare Implications of Unconventional Monetary Easing Policy in Japan," UTokyo Price Project Working Paper Series 060, University of Tokyo, Graduate School of Economics, revised Dec 2015.
• FUJITA Shigeru & FUJIWARA Ippei, 2015. "Declining Trends in the Real Interest Rate and Inflation: Role of aging," Discussion papers 15140, Research Institute of Economy, Trade and Industry (RIETI).
• Surico, Paolo & Cloyne, James & Ferreira, Clodomiro, 2015. "Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism," CEPR Discussion Papers 11023, C.E.P.R. Discussion Papers.
• Vayanos, Dimitri & Greenwood, Robin & Hanson, Samuel G, 2015. "Forward Guidance in the Yield Curve: Short Rates versus Bond Supply," CEPR Discussion Papers 11005, C.E.P.R. Discussion Papers.
• Miura, Shinji, 2015. "Unified money circulation equation and an analogical explanation for its solvability," MPRA Paper 68550, University Library of Munich, Germany, revised 27 Dec 2015.
• Jan Tore Klovland & Lars Fredrik Øksendal, 2015. "The decentralised central bank: regional bank rate autonomy in Norway, 1850-1892," Working Paper 2015/20, Norges Bank.
• Koki Oikawa & Kozo Ueda, 2015. "Short- and Long-Run Tradeoff Monetary Easing," UTokyo Price Project Working Paper Series 058, University of Tokyo, Graduate School of Economics.
• Söderberg, Johan, 2015. "Seasonality in the Frequency of Price Change and Optimal Monetary Policy," Research Papers in Economics 2015:11, Stockholm University, Department of Economics.
• James B. Bullard, 2015. "A Hat Trick for the FOMC," Speech 259, Federal Reserve Bank of St. Louis.
• Fernando Uscátegui & Mike Woodcock & Carlos Méndez, 2015. "An Approach About Monetary Policy Risk Balance In Colombia: A Multivariate Analysis Based On Time Series," Econógrafos, Escuela de Economía 14168, Universidad Nacional de Colombia, FCE, CID.
• Aleksandra Hałka & Karol Szafranek, 2015. "Whose inflation is it anyway? The inflation spillovers between the euro area and small open economies," NBP Working Papers 223, Narodowy Bank Polski.
• Katsurako Sonoda & Nao Sudo, 2015. "Is macroprudential policy instrument blunt?," Bank of Japan Working Paper Series 15-E-11, Bank of Japan.
• Jean-Charles BRICONGNE, 2015. "The Quantity Theory of Money Revisited: The Improved Short-Term Predictive Power of Household Money Holdings with Regard to Prices," LEO Working Papers / DR LEO 2296, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
• Zeyyad Mandalinci, 2015. "Forecasting Inflation in Emerging Markets: An Evaluation of Alternative Models," CReMFi Discussion Papers 3, CReMFi, School of Economics and Finance, QMUL.
• Miura, Shinji, 2015. "Graphic explanation for welfare economic foundation of hoarding loss," MPRA Paper 68551, University Library of Munich, Germany.
• Richard Ashley & Randal J. Verbrugge, 2015. "Persistence Dependence in Empirical Relations: The Velocity of Money," Working Papers (Old Series) 1530, Federal Reserve Bank of Cleveland.
• Jean-Pierre Allegret & Audrey Sallenave, 2015. "The Role of International Reserves Holding in Buffering External Shocks," EconomiX Working Papers 2015-41, University of Paris Nanterre, EconomiX.
• Charles T. Carlstrom & Timothy S. Fuerst, 2015. "Macro Credit Policy and the Financial Accelerator," Working Papers (Old Series) 1531, Federal Reserve Bank of Cleveland.
• Mikhail V. Oet & Stephen J. Ong, 2015. "From Organization to Activity in the US Collateralized Interbank Market," Working Papers (Old Series) 1529, Federal Reserve Bank of Cleveland.