Report NEP-MON-2025-03-03

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:

• Ozge Akinci & Martín Almuzara & Silvia Miranda-Agrippino & Ramya Nallamotu & Argia M. Sbordone & Greg Simitian & William Zeng, 2025. "Supply and Demand Drivers of Global Inflation Trends," Liberty Street Economics 20250227b, Federal Reserve Bank of New York.
• Burr, Natalie, 2025. "Do inflation expectations respond to monetary policy? An empirical analysis for the United Kingdom," Bank of England working papers 1109, Bank of England.
• Ursel Baumann & Annalisa Ferrando & Dimitris Georgarakos & Yuriy Gorodnichenko & Timo Reinelt, 2025. "Do Inflation Expectations Become More Anchored During a Disinflation Episode? Evidence for Euro Area Firms," NBER Working Papers 33440, National Bureau of Economic Research, Inc.
• Ozge Akinci & Martín Almuzara & Silvia Miranda-Agrippino & Ramya Nallamotu & Argia M. Sbordone & Greg Simitian & William Zeng, 2025. "Global Trends in U.S. Inflation Dynamics," Liberty Street Economics 20250227a, Federal Reserve Bank of New York.
• Ivan, Miruna-Daniela & Banti, Chiara & Kellard, Neil, 2025. "Liquidity, monetary policy and the commodity futures market," Bank of England working papers 1114, Bank of England.
• Yahia Amel, 2023. "Asymmetric transmission of monetary policy through interest rate, credit volumes and exchange rate channels Using Nonlinear Autoregressive Distributed Lags (NARDL) method: Evidence from Algeria," Post-Print halshs-04511900, HAL.
• Swapan-Kumar Pradhan & Viktors Stebunovs & Előd Takáts & Judit Temesvary, 2025. "Geopolitics Meets Monetary Policy: Decoding Their Impact on Cross-Border Bank Lending," International Finance Discussion Papers 1403, Board of Governors of the Federal Reserve System (U.S.).
• David Andolfatto & Fernando M. Martin, 2025. "Monetary Policy and the Great COVID-19 Price Level Shock," Working Papers 2025-004, Federal Reserve Bank of St. Louis.
• Chan, Jenny, 2024. "Monetary policy and sentiment-driven fluctuations," Bank of England working papers 1106, Bank of England.
• Hemingway, Benjamin, 2024. "The role of central bank digital currency in an increasingly digital economy," Bank of England working papers 1101, Bank of England.
• Ayhan Kose & Jongrim Ha & Dohan Kim & Prasad,Eswar S., 2024. "Resolving Puzzles of Monetary Policy Transmission in Emerging Markets," Policy Research Working Paper Series 10974, The World Bank.
• Wächter, Maybrit & Proano, Christian & Peña, Juan Carlos, 2024. "How fitting is "one-size-fits-all"? Revisiting the dynamic effects of ECB's interest policy on euro area countries," BERG Working Paper Series 199, Bamberg University, Bamberg Economic Research Group.
• Yushi Yoshida & Takatoshi Ito & Junko Shimizu & Kiyotaka Sato & Taiyo Yoshimi & Uraku Yoshimoto, 2025. "A Test of Dominant Currency Hypothesis: Evidence From a Non-USD-non-Euro Country," NBER Working Papers 33454, National Bureau of Economic Research, Inc.
• DiGiuseppe, Matthew & Garriga, Ana Carolina & Kern, Andreas, 2025. "Information, Party Politics, and Public Support for Central Bank Independence," SocArXiv trpgz_v1, Center for Open Science.
• NAKAJIMA, Jouchi, 2025. "Impact of US Monetary Policy Spillovers and Yield Curve Control Policy," Discussion Paper Series 760, Institute of Economic Research, Hitotsubashi University.
• Mark M. Spiegel, 2025. "The Bank Lending Channel Is Back," Working Paper Series 2025-04, Federal Reserve Bank of San Francisco.
• Kherchi Medjden & Hanya Meziani Elmahdi, 2023. "Impact Of Unconventional Financing On Economic Growth And Inflation In Algeria," Post-Print halshs-04521309, HAL.
• Kaminska, Iryna & Kontoghiorghes, Alex & Ray, Walker, 2025. "QT versus QE: who is in when the central bank is out?," Bank of England working papers 1108, Bank of England.
• Fernando M. Martin, 2025. "The Road to 2% Inflation: Are We There Yet?," On the Economy 99611, Federal Reserve Bank of St. Louis.
• Shin-ichi Fukuda & Naoto Soma, "undated". "The Evolution of Inflation Expectations in Japan," CIRJE F-Series CIRJE-F-1238, CIRJE, Faculty of Economics, University of Tokyo.
• Klaus, Hendrik, 2025. "Germany's 1875 Banking Act and the genesis of a monetary framework: 1866-76," IBF Paper Series 02-25, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
• Dionne, Georges & Fenou, Akouété-Tognikin & Mnasri, Mohamed, 2025. "The effect of inflation on US insurance markets," Working Papers 25-1, HEC Montreal, Canada Research Chair in Risk Management.
• Silva Paranhos, Livia, 2024. "How do firms’ financial conditions influence the transmission of monetary policy? A non-parametric local projection approach," Bank of England working papers 1100, Bank of England.
• Khuderchuluun Batsukh & Nicolas Groshenny & Naveed Javed, 2025. "Monetary policy transmission and household indebtedness in Australia," TEPP Working Paper 2025-02, TEPP.
• Yu-Ting Chiang & Mick Dueholm & Ezra Karger, 2025. "Why Are Illiquid Households Affected More by Inflation?," On the Economy 99553, Federal Reserve Bank of St. Louis.
• Salib, Michael & Ghazaleh, Mesha, 2025. "The Bank of England’s statutory monetary policy objectives: a historical and legal account," Bank of England working papers 1110, Bank of England.
• Bracke, Philippe & Everitt, Matthew & Fazio, Martina & Varadi, Alexandra, 2024. "When refinancing meets monetary tightening: heterogeneous impacts on spending and debt via mortgage modifications," Bank of England working papers 1105, Bank of England.
• Garriga, Ana Carolina, 2025. "Revisiting Central Bank Independence in the World: An Extended Dataset," MPRA Paper 123578, University Library of Munich, Germany.
• Jean-Paul L’Huillier & Gregory Phelan, 2023. "Can Supply Shocks be Inflationary with a Flat Phillips Curve?," Working Papers 23-03, Office of Financial Research, US Department of the Treasury.
• Ganev, Georgy, 2025. "Should Bulgaria wait for 90% real convergence before joining the Eurozone?," MPRA Paper 123599, University Library of Munich, Germany.
• Francisco E. Ilabaca & Greta Meggiorini, 2023. "Trend Inflation Under Bounded Rationality," Working Papers 23-09, Office of Financial Research, US Department of the Treasury.
• Majchrowska, Aleksandra & Roszkowska, Sylwia, 2025. "Does aging matter in the impact of the minimum wage on inflation?," MPRA Paper 123506, University Library of Munich, Germany.
• Pablo Aguilar Perez, 2025. "Monetary Policy and Life Insurance Profitability: Bancassurance's Edge in a Low-Yield World," EconomiX Working Papers 2025-8, University of Paris Nanterre, EconomiX.
• William Chen & Gregory Phelan, 2023. "Digital Currency and Banking-Sector Stability," Working Papers 23-01, Office of Financial Research, US Department of the Treasury.
• Bunn, Philip & Anayi, Lena & Bloom, Nicholas & Mizen, Paul & Thwaites, Gregory & Yotzov, Ivan, 2025. "How curvy is the Phillips curve?," Bank of England working papers 1107, Bank of England.
• Czech, Robert & Monroe, Win, 2025. "Dealers, information and liquidity provision in safe assets," Bank of England working papers 1113, Bank of England.
• Forbes,Kristin & Jongrim Ha & Ayhan Kose, 2024. "Rate Cycles," Policy Research Working Paper Series 10876, The World Bank.
• Joyce, Michael & Lengyel, Andras, 2024. "The yield curve impact of government debt issuance surprises and the implications for QT," Bank of England working papers 1097, Bank of England.
• KOUAKOU, Thiédjé Gaudens-Omer, 2025. "The effects of Basel III on the intermediation and market activities of WAEMU banks," MPRA Paper 123515, University Library of Munich, Germany.
• Ruth A. Judson, 2025. "Estimating the Volume of Counterfeit U.S. Currency in Circulation," International Finance Discussion Papers 1404, Board of Governors of the Federal Reserve System (U.S.).
• Masashige Hamano & Yuki Murakami, 2025. "Frequency and Severity of Current Account Reversals: An Analysis with a Rational Expectations Regime Switching DSGE Model," Working Papers 2422, Waseda University, Faculty of Political Science and Economics.
• Hacioğlu-Hoke, Sinem & Ostry, Daniel & Rey, Hélène & Rousset Planat, Adrien & Stavrakeva, Vania & Tang, Jenny, 2024. "Topography of the FX derivatives market: a view from London," Bank of England working papers 1103, Bank of England.
• Maître, Arnaud T. & Pugachyov, Nikolay & Weigert, Florian, 2025. "Twitter-based attention and the cross-section of cryptocurrency returns," CFR Working Papers 25-02, University of Cologne, Centre for Financial Research (CFR).