Report NEP-MON-2021-01-25

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:

• Chatelain, Jean-Bernard & Ralf, Kirsten, 2021. "Imperfect Credibility versus No Credibility of Optimal Monetary Policy," MPRA Paper 104516, University Library of Munich, Germany.
• Giuseppe Conti & Luciano Fanti, 2020. "Alternative monetary approaches and causal nexus breakdown in rate of interest and currency reserves in Italy, 1961-1990," Discussion Papers 2020/264, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
• Armando Marozzi, 2021. "The ECB and the Cost of Independence. Unearthing a New Doom-Loop in the European Monetary Union," BAFFI CAREFIN Working Papers 21152, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
• Mr. Tobias Adrian & Christopher J. Erceg & Jesper Lindé & Pawel Zabczyk & Ms. Jianping Zhou, 2020. "A Quantitative Model for the Integrated Policy Framework," IMF Working Papers 2020/122, International Monetary Fund.
• Saito, Makoto, 2020. "Central bank cryptocurrencies in a competitive equilibrium environment: Can strong money demand survive in the digital age?," Discussion Paper Series 719, Institute of Economic Research, Hitotsubashi University.
• Masazumi Hattori & Tomohide Mineyama & Jouchi Nakajima, 2021. "Taylor Rule Yield Curve," Working Papers e156, Tokyo Center for Economic Research.
• Mr. Suman S Basu & Ms. Emine Boz & Ms. Gita Gopinath & Mr. Francisco Roch & Ms. Filiz D Unsal, 2020. "A Conceptual Model for the Integrated Policy Framework," IMF Working Papers 2020/121, International Monetary Fund.
• Mr. Tigran Poghosyan, 2020. "Exchange Rate Pass-Through in the Caucasus and Central Asia," IMF Working Papers 2020/154, International Monetary Fund.
• Harald Uhlig & Taojun Xie, 2020. "Parallel Digital Currencies and Sticky Prices," NBER Working Papers 28300, National Bureau of Economic Research, Inc.
• Eichengreen Barry & Naef Alain, 2020. "Imported or Home Grown? The 1992-3 EMS Crisis," Working papers 793, Banque de France.
• Edoardo Chiarotti, 2021. "Update to Figure 1 in "Macroeconomic Shocks and their Propagation"," IHEID Working Papers 01-2021, Economics Section, The Graduate Institute of International Studies.
• Mr. Luis Brandão-Marques & Mr. Gaston Gelos & Mr. Machiko Narita & Erlend Nier, 2020. "Leaning Against the Wind: A Cost-Benefit Analysis for an Integrated Policy Framework," IMF Working Papers 2020/123, International Monetary Fund.
• Chatelain, Jean-Bernard & Ralf, Kirsten, 2020. "Policy Maker's Credibility with Predetermined Instruments for Forward-Looking Targets," MPRA Paper 104526, University Library of Munich, Germany.
• Saroj Bhattarai & Jae Won Lee & Choongryul Yang, 2020. "Redistribution and the monetary–fiscal policy mix," CAMA Working Papers 2020-107, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Misha Galashin & Martin Kanz & Ricardo Perez-Truglia, 2020. "Macroeconomic Expectations and Credit Card Spending," NBER Working Papers 28281, National Bureau of Economic Research, Inc.
• Emilio Blanco & Pedro Elosegui & Alejandro Izaguirre & Gabriel Montes Rojas, 2019. "Regional and State Heterogeneity of Monetary Shocks in Argentina," Documentos de trabajo del Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET) 2019-39, Universidad de Buenos Aires, Facultad de Ciencias Económicas, Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET).
• Mansur, Alfan, 2020. "Shocks and Frictions in US Business Cycle: A Bayesian DSGE Approach," MPRA Paper 104546, University Library of Munich, Germany, revised 24 Oct 2020.
• Kristopher Gerardi & Paul S. Willen & David Hao Zhang, 2020. "Mortgage Prepayment, Race, and Monetary Policy," FRB Atlanta Working Paper 2020-22, Federal Reserve Bank of Atlanta.
• Mr. Marco Arena & Gabriel Di Bella & Mr. Alfredo Cuevas & Mr. Borja Gracia & Vina Nguyen & Alex Pienkowski, 2020. "It is Only Natural: Europe’s Low Interest Rates," IMF Working Papers 2020/116, International Monetary Fund.
• Kollmann, Robert, 2021. "Liquidity Traps in a World Economy," MPRA Paper 105113, University Library of Munich, Germany.
• Mr. Chadi Abdallah & Mr. Kangni R Kpodar, 2020. "How Large and Persistent is the Response of Inflation to Changes in Retail Energy Prices?," IMF Working Papers 2020/093, International Monetary Fund.
• Katharina Bergant & Mr. Francesco Grigoli & Mr. Niels-Jakob H Hansen & Mr. Damiano Sandri, 2020. "Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?," IMF Working Papers 2020/106, International Monetary Fund.
• Guilherme Klein Martins & Peter Skott, 2020. "Sources of inflation and the effects of balanced budgets and inflation targeting in developing economies," UMASS Amherst Economics Working Papers 2020-08, University of Massachusetts Amherst, Department of Economics.
• Linda Schilling & Jesús Fernández-Villaverde & Harald Uhlig, 2020. "Central Bank Digital Currency: When Price and Bank Stability Collide," CESifo Working Paper Series 8773, CESifo.
• Juan Arismendi-Zambrano & Massimo Guidolin & Alessia Paccagnini, 2020. "Federal reserve chair communication sentiments’ heterogeneity, personal characteristics, and their impact on target rate discovery," CAMA Working Papers 2020-105, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Zongwu Cai & Xiyuan Liu, 2021. "Solving the Price Puzzle Via A Functional Coefficient Factor-Augmented VAR Model," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202106, University of Kansas, Department of Economics, revised Jan 2021.
• Batjargal, Dulamzaya & Doojav, Gan-Ochir, 2020. "Measuring Sudden Stops in Mongolia," MPRA Paper 105115, University Library of Munich, Germany.
• Ms. Alina Carare & Carlos de Resende & Mr. Andrew Levin & Chelsea Zhang, 2020. "Do Monetary Policy Frameworks Matter in Low Income Countries?," IMF Working Papers 2020/139, International Monetary Fund.
• Raphael Gouvea, 2020. "Large devaluations and inflation inequality: evidence from Brazil," UMASS Amherst Economics Working Papers 2020-05, University of Massachusetts Amherst, Department of Economics.
• Rocio Gondo & Altynai Aidarova & Mr. Manmohan Singh, 2020. "Impact of Remittances on Natural Rate of Dollarization—Trends in Caucasus and Central Asia," IMF Working Papers 2020/185, International Monetary Fund.
• Lalouette, Laure & Zamora-Pérez, Alejandro & Rusu, Codruta & Bartzsch, Nikolaus & Politronacci, Emmanuelle & Delmas, Martial & Rua, António & Brandi, Marco & Naksi, Martti, 2021. "Foreign demand for euro banknotes," Occasional Paper Series 253, European Central Bank.
• Mr. Adolfo Barajas & Andrea Deghi & Claudio Raddatz & Dulani Seneviratne & Peichu Xie & Yizhi Xu, 2020. "Global Banks’ Dollar Funding: A Source of Financial Vulnerability," IMF Working Papers 2020/113, International Monetary Fund.
• Fabo, Brian & Jančoková, Martina & Kempf, Elisabeth & Pástor, Luboš, 2021. "Fifty shades of QE: Conflicts of interest in economic research," IMFS Working Paper Series 147, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
• Pratap Singh, 2019. "Demonetisation 2016 and its impact on Indian economy and taxation," Working Papers 450, Institute for Social and Economic Change, Bangalore.
• Singh, Gaurav Kumar & Bandyopadhyay, Tathagata, 2021. "Determinants of Disagreement: Learning from Indian Inflation Expectations Survey of Households," IIMA Working Papers WP 2021-01-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
• Syarifuddin, Ferry & Izzulhaq, Syahid, 2020. "The Effectiveness of Futures-based Foreign Exchange Intervention: Comparative Studies of Brazil and India," MPRA Paper 104709, University Library of Munich, Germany.
• Jan Kregel, 2021. "Keynes's Clearing Union Is Alive and Well and Living in Your Mobile Phone," Economics Policy Note Archive 21-1, Levy Economics Institute.
• Mr. Tobias Adrian & Mr. Francis Vitek, 2020. "Managing Macrofinancial Risk," IMF Working Papers 2020/151, International Monetary Fund.
• Mr. John Kiff & Jihad Alwazir & Sonja Davidovic & Aquiles Farias & Mr. Ashraf Khan & Mr. Tanai Khiaonarong & Majid Malaika & Mr. Hunter K Monroe & Nobu Sugimoto & Hervé Tourpe & Peter Zhou, 2020. "A Survey of Research on Retail Central Bank Digital Currency," IMF Working Papers 2020/104, International Monetary Fund.
• Millard, Stephen & Rubio, Margarita & Varadi, Alexandra, 2021. "The macroprudential toolkit: effectiveness and interactions," Bank of England working papers 902, Bank of England.
• Erlend Nier & Mr. Thorvardur Tjoervi Olafsson & Yuan Gao Rollinson, 2020. "Exchange Rates and Domestic Credit—Can Macroprudential Policy Reduce the Link?," IMF Working Papers 2020/187, International Monetary Fund.
• Ramis Khabibullin & Alexey Ponomarenko, 2020. "An empirical behavioral model of households’ deposit dollarization," Bank of Russia Working Paper Series wps67, Bank of Russia.