Report NEP-MON-2021-05-17

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:

• Jung, Alexander & Kühl, Patrick, 2021. "Can central bank communication help to stabilise inflation expectations?," Working Paper Series 2547, European Central Bank.
• Simplice A. Asongu & Nicholas M. Odhiambo, 2021. "Mobile technology supply factors and mobile money innovation: Thresholds for complementary policies," Working Papers of the African Governance and Development Institute. 21/024, African Governance and Development Institute..
• Avichai Snir & Haipeng Allan Chen & Daniel Levy, 2021. "Stuck at Zero: Price Rigidity in a Runaway Inflation," Post-Print hal-03213312, HAL.
• Ofori, Isaac Kwesi & Armah, Mark Kojo, 2021. "A re-examination of the exchange rate – interest rate differential relationship in Ghana," MPRA Paper 107586, University Library of Munich, Germany.
• Peydró, José-Luis & Andersen, Asger Lau & Johannesen, Niels & Jørgensen, Mia, 2021. "Monetary Policy and Inequality," CEPR Discussion Papers 15599, C.E.P.R. Discussion Papers.
• Md Gyasuddin Ansari & Rudra Sensarma, 2021. "Response of Bank Lending to Monetary Policy in India: Does Liquidity Matter?Abstract: We examine the role of bank liquidity in monetary policy transmission in India. We apply threshold panel regressio," Working papers 428, Indian Institute of Management Kozhikode.
• Hoffmann, Mathias & Hürtgen, Patrick, 2021. "Do exchange rates absorb demand shocks at the ZLB?," Discussion Papers 13/2021, Deutsche Bundesbank.
• Reis, Ricardo, 2021. "The People versus the Markets: A Parsimonious Model of Inflation Expectations," CEPR Discussion Papers 15624, C.E.P.R. Discussion Papers.
• Uhlig, Harald & Xie, Taojun, 2020. "Parallel Digital Currencies and Sticky Prices," CEPR Discussion Papers 15619, C.E.P.R. Discussion Papers.
• Fernández-Villaverde, Jesús & Schilling, Linda & Uhlig, Harald, 2020. "Central Bank Digital Currency: When Price and Bank Stability Collide," CEPR Discussion Papers 15555, C.E.P.R. Discussion Papers.
• Kumhof, Michael & Allen, Jason & Bateman, Will & Lastra, Rosa & Gleeson, Simon & Omarova, Saule, 2020. "Central Bank Money: Liability, Asset, or Equity of the Nation?," CEPR Discussion Papers 15521, C.E.P.R. Discussion Papers.
• Minford, Patrick & Le, Vo Phuong Mai & Meenagh, David, 2020. "State-dependent pricing turns money into a two-edged sword," CEPR Discussion Papers 15551, C.E.P.R. Discussion Papers.
• Lein, Sarah & Braun, Rahel, 2021. "Sources of Bias in Inflation Rates and Implications for Inflation Dynamics," CEPR Discussion Papers 15663, C.E.P.R. Discussion Papers.
• Bofinger, Peter & Haas, Thomas, 2020. "CBDC: Can central banks succeed in the marketplace for digital monies?," CEPR Discussion Papers 15489, C.E.P.R. Discussion Papers.
• Bettendorf, Timo & Jochem, Axel, 2021. "What drives the German TARGET balances? Evidence from a BVAR approach," Discussion Papers 12/2021, Deutsche Bundesbank.
• Ilzetzki, Ethan & Jin, Keyu, 2021. "The Puzzling Change in the International Transmission of U.S. Macroeconomic Policy Shocks," CEPR Discussion Papers 15740, C.E.P.R. Discussion Papers.
• de Ferra, Sergio & Romei, Federica & Mitman, Kurt, 2021. "Why Does Capital Flow from Equal to Unequal Countries?," CEPR Discussion Papers 15647, C.E.P.R. Discussion Papers.
• Palma, Nuno & Chen, Yao & Ward, Felix, 2020. "Reconstruction of the Spanish money supply, 1492-1810," CEPR Discussion Papers 15509, C.E.P.R. Discussion Papers.
• Federico Di Pace & Christoph Gortz, 2021. "Monetary Policy, Sectoral Comovement and the Credit Channel," Discussion Papers 21-07, Department of Economics, University of Birmingham.
• Kohler, Wilhelm & Müller, Gernot J. & Wellmann, Susanne, 2021. "Risk sharing in currency unions: The migration channel," University of Tübingen Working Papers in Business and Economics 144, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
• Niklas Amberg & Thomas Jansson & Mathias Klein & Anna Rogantini Picco, 2021. "Five Facts about the Distributional Income Effects of Monetary Policy," CESifo Working Paper Series 9062, CESifo.
• Cristina Mastropasqua & Alessandro Intonti & Michael Jennings & Clara Mandolini & Massimo Maniero & Stefano Vespucci, 2021. "T2S - TARGET2-Securities - The Pan-European Platform for the Settlement of Securities in Central Bank Money," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 4, Bank of Italy, Directorate General for Markets and Payment System.
• Repullo, Rafael, 2020. "The Deposits Channel of Monetary Policy: A Critical Review," CEPR Discussion Papers 15553, C.E.P.R. Discussion Papers.
• Itskhoki, Oleg, 2020. "The Story of the Real Exchange Rate," CEPR Discussion Papers 15572, C.E.P.R. Discussion Papers.
• Kumhof, Michael & Sokol, Andrej & Rungcharoenkitkul, Phurichai, 2020. "How Does International Capital Flow?," CEPR Discussion Papers 15526, C.E.P.R. Discussion Papers.
• Oliver Pfauti, 2021. "Inflation -- who cares? Monetary Policy in Times of Low Attention," Papers 2105.05297, arXiv.org, revised Oct 2023.
• Kamalyan, Hayk, 2021. "Data Revisions and the Effects of Monetary Policy Volatility," MPRA Paper 107581, University Library of Munich, Germany.
• Born, Benjamin & Müller, Gernot & Pfeifer, Johannes, 2020. "Uncertainty shocks in currency unions," CEPR Discussion Papers 15579, C.E.P.R. Discussion Papers.
• Josef Schroth, 2021. "Optimal Monetary and Macroprudential Policies," Staff Working Papers 21-21, Bank of Canada.
• Vissing-Jørgensen, Annette, 2020. "Informal Central Bank Communication," CEPR Discussion Papers 15603, C.E.P.R. Discussion Papers.
• Bonciani, Dario & Gauthier, David & Kanngiesser, Derrick, 2021. "Slow recoveries, endogenous growth and macroprudential policy," Bank of England working papers 917, Bank of England.
• Matthew Klepacz, 2021. "Price Setting and Volatility: Evidence from Oil Price Volatility Shocks," International Finance Discussion Papers 1316, Board of Governors of the Federal Reserve System (U.S.).
• Ofori, Isaac Kwesi & Armah, Mark Kojo, 2021. "A re-examination of the exchange rate – interest rate differential relationship in Ghana," EconStor Preprints 233954, ZBW - Leibniz Information Centre for Economics.
• Heider, Florian & Saidi, Farzad & Schepens, Glenn, 2021. "Banks and negative interest rates," Working Paper Series 2549, European Central Bank.
• Md Gyasuddin Ansari & Rudra Sensarma, 2021. "Monetary Policy, Interbank Liquidity and Lending Behaviour of Banks in India," Working papers 442, Indian Institute of Management Kozhikode.
• Alexander Chaudhry & Anneke Kosse & Karen Sondergard, 2021. "Behaviour in the Canadian large-value payment system: COVID-19 vs. the global financial crisis," Staff Analytical Notes 2021-7, Bank of Canada.
• Wenxin Du & Jesse Schreger, 2021. "CIP Deviations, the Dollar, and Frictions in International Capital Markets," NBER Working Papers 28777, National Bureau of Economic Research, Inc.
• Nils Gornemann & Keith Kuester & Makoto Nakajima, 2021. "Doves for the Rich, Hawks for the Poor? Distributional Consequences of Systematic Monetary Policy," ECONtribute Discussion Papers Series 089, University of Bonn and University of Cologne, Germany.
• Eduardo Levi Yeyati & Juan Francisco Gómez, 2021. "The cost of holding foreign exchange reserves," Working Papers 48, Red Nacional de Investigadores en Economía (RedNIE).