Report NEP-MON-2025-04-21

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:

• Coleman, Winnie & Nautz, Dieter, 2025. "Asymmetric inflation target credibility," CFS Working Paper Series 731, Center for Financial Studies (CFS).
• Monique Reid & Pierre Siklos, 2025. "Whose inflation expectations forecast best Alternatives based on survey and financial data," Working Papers 11077, South African Reserve Bank.
• Sushant Acharya & Ozge Akinci & Silvia Miranda-Agrippino & Paolo Pesenti, 2025. "How Household Saving Affects Monetary Policy Spillovers," Liberty Street Economics 20250407b, Federal Reserve Bank of New York.
• Bogdan Stanišic, 2025. "Acceptance of cashless payment instruments in the Republic of Serbia," Working Papers Bulletin 31, National Bank of Serbia.
• Ekaterina Pirozhkova & Nicola Viegi, 2024. "The bank lending channel of monetary policy transmission in South Africa," Working Papers 11072, South African Reserve Bank.
• Monique Reid & Dieter von Fintel & Anis Foresto, 2024. "From deliberate sample to representative sample pilot study for the BER inflation expectations survey," Working Papers 11068, South African Reserve Bank.
• Khuderchuluun Batsukh & Nicolas Groshenny & Naveed Javed, 2025. "Monetary Policy Transmission and Household Indebtedness in Australia," CAMA Working Papers 2025-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Dragan Dživdžanovic, 2025. "Examining cheapflation in Serbia in the 2022-2024 period," Working Papers Bulletin 28, National Bank of Serbia.
• Julian A. Parra-Polania & Constanza Martínez-Ventura, 2025. "Designing the Future of Money: The Case for Multiple CBDCs," Borradores de Economia 1311, Banco de la Republica de Colombia.
• Simon Freyaldenhoven & Shikun Ke & Dingyi Li & Jose Luis Montiel Olea, 2025. "On the Testability of the Anchor-Words Assumption in Topic Models," Working Papers 25-14, Federal Reserve Bank of Philadelphia.
• Marco Garofalo & Giovanni Rosso & Roger Vicquéry, 2025. "Sanctions and Currencies in Global Credit," Economics Series Working Papers 1079, University of Oxford, Department of Economics.
• Jaison R. Abel & Richard Deitz & Benjamin Hyman, 2025. "Firms’ Inflation Expectations Have Picked Up," Liberty Street Economics 20250305, Federal Reserve Bank of New York.
• Georgarakos, Dimitris & Kenny, Geoff & Laeven, Luc & Meyer, Justus, 2025. "Consumer attitudes towards a central bank digital currency," Working Paper Series 3035, European Central Bank.
• Marco Del Negro & Ibrahima Diagne & Keshav Dogra & Pranay Gundam & Donggyu Lee & Brian Pacula, 2025. "Tradeoffs for the Poor, Divine Coincidence for the Rich," Staff Reports 1147, Federal Reserve Bank of New York.
• Mark A. Carlson & Mary-Frances Styczynski, 2025. "Discount window borrowing and the role of reserves and interest rates," Finance and Economics Discussion Series 2025-015, Board of Governors of the Federal Reserve System (U.S.).
• Masataka Mori & Juan M. Sanchez, 2025. "Cryptocurrency Ownership among U.S. Households," On the Economy 99689, Federal Reserve Bank of St. Louis.
• Giovanni Di Bartolomeo & Carolina Serpieri, 2025. "Robust optimal monetary policies in behavioral New Keynesian DSGE models," Working Papers in Public Economics 261, Department of Economics and Law, Sapienza University of Roma.
• Sushant Acharya & Ozge Akinci & Silvia Miranda-Agrippino & Paolo Pesenti, 2025. "Monetary Policy Spillovers and the Role of the Dollar," Liberty Street Economics 20250407c, Federal Reserve Bank of New York.
• Romain Bouis & Mr. Damien Capelle & Mr. Giovanni Dell'Ariccia & Christopher J. Erceg & Maria Soledad Martinez Peria & Mouhamadou Sy & Mr. Ken Teoh & Mr. Jerome Vandenbussche, 2025. "Navigating Trade-Offs between Price and Financial Stability in Times of High Inflation," IMF Staff Discussion Notes 2025/003, International Monetary Fund.
• Sushant Acharya & Ozge Akinci & Silvia Miranda-Agrippino & Paolo Pesenti, 2025. "Monetary Policy Spillovers in the Global Economy," Liberty Street Economics 20250407a, Federal Reserve Bank of New York.
• Stefan Avdjiev & Leonardo Gambacorta & Linda S. Goldberg & Stefano Schiaffi, 2025. "The Risk Sensitivity of Global Liquidity Flows: Heterogeneity, Evolution, and Drivers," Staff Reports 1149, Federal Reserve Bank of New York.
• András Borsos & Adrian Carro & Aldo Glielmo & Marc Hinterschweiger & Jagoda Kaszowska-Mojsa & Arzu Uluc, 2025. "Agent-based modeling at central banks: recent developments and new challenges," Occasional Papers 2503, Banco de España.
• David M. Arseneau & Mark A. Carlson & Kathryn Chen & Matt Darst & Dylan Kirkeeng & Elizabeth C. Klee & Benjamin A. Malin & Matthew Malloy & Friederike Niepmann & Emilie O'Malley & Mary-Frances Styczyn, 2025. "Central bank liquidity facilities around the world," FEDS Notes 2025-02-26-1, Board of Governors of the Federal Reserve System (U.S.).
• Martin Ertl & Katrin Rabitsch, 2025. "The Natural Rate of Interest and Convergence," Department of Economics Working Papers wuwp376, Vienna University of Economics and Business, Department of Economics.
• Parush Arora & Derek Tran, 2024. "Central Bank Intervention and Bank Liquidity: Evidence from the Paycheck Protection Program," Working Papers 132, Ashoka University, Department of Economics.
• Aryo Sasongko & Cicilia Anggadewi Harun & Geyana Ledy Fista & Kusfisiami Wima Mustika & Aninditha Kemala Dinianyadharani & Karanissa Larasati & Puput Kurniati & Dila Safitri, 2024. "Modeling And Analysis Of Yield Curve And Exchange Rate Formation In Pro-Market Monetary Operations," Working Papers WP/09/2024, Bank Indonesia.
• Danny Hermawan & Cicilia Anggadewi Harun & Wicaksono Aryo Pradipto & Yulian Zifar Ayustira & Alvin Andhika Zulen & Amin Endah Sulistiawati & Ade Dwi Aryani & Sintia Aurida, 2024. "Bank Behavior In Determining Supply Of Credit In Indonesia," Working Papers WP/11/2024, Bank Indonesia.
• Roberto Duncan & Enrique Martínez García & Luke Miller, 2025. "Tempting FAIT: Flexible Average Inflation Targeting and the Post-COVID U.S. Inflation Surge," Working Papers 2511, Federal Reserve Bank of Dallas.
• Natsuki Arai & Shian Chang, 2025. "Dispersion of FOMC Policymakers: Evidence from Individual Economic Projections with Identities," Working Papers 2025-003, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
• Sophia Cho & John C. Williams, 2025. "Comparing Apples to Apples: “Synthetic Real‑Time” Estimates of R‑Star," Liberty Street Economics 20250303, Federal Reserve Bank of New York.
• Hilde C. Bjornland & Jamie L. Cross & Jonas Holz, 2025. "Re-visiting the Relationship Between Oil Prices and Monetary Policy," CAMA Working Papers 2025-19, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Ivan Radanovic, 2025. "Features and prospects of cross-border linking of instant payment systems," Working Papers Bulletin 29, National Bank of Serbia.
• Sophia Chen & Deniz Igan & Do Lee & Prachi Mishra, 2024. "Inflation and Labor Markets: A Bottom-Up View," Working Papers 127, Ashoka University, Department of Economics.
• Bill Dupor & Marie Hogan, 2025. "Was the Post-Lockdown Inflation Surge Mainly Supply Driven?," Working Papers 2025-007, Federal Reserve Bank of St. Louis.
• Donni Fajar Anugrah & Novi Maryaningsih & Andi Widianto & Tri Kurnia Ayu S. & Fickry Widya N. & Arief N. Rachman & Minda Putri Dwinanda & Citra Amanda & Eunike Vrigie Ruth Y. & Tio Angie P. Samosir & , 2024. "Digitalization Through E-Commerce And Its Effects On Inflation In Indonesia," Working Papers WP/01/2024, Bank Indonesia.
• Fernando M. Martin, 2025. "The Fiscal Origin of the COVID-19 Price Surge," On the Economy 99670, Federal Reserve Bank of St. Louis.
• Aryo Sasongko & Cicilia Anggadewi Harun & Rahutomo Anugrah Dewanto & Wahyu Widianti & Geyana Ledy Fista & Kusfisiami Wima Mustika & Astrika Erlin & Ibrahmi Adrian Nugroho & Putra Prima Raka & Misbahol, 2024. "Analysis Of Primary Dealer Implementation In Pro Market Monetary Operation Transactions," Working Papers WP/10/2024, Bank Indonesia.
• Sangyup Choi & Jongho Park & Kwangyong Park, 2025. "US Monetary Policy, Exchange Rates, and Delayed Portfolio Adjustments," Working papers 2025rwp-240, Yonsei University, Yonsei Economics Research Institute.
• Hempell, Hannah S. & Rancoita, Elena & Coi, Claudio Corte & Dadoukis, Aristeidis, 2025. "TLTRO III and banks' loan book rebalancing during the pandemic: less 'targeted' than intended for some?," Working Paper Series 3040, European Central Bank.
• Markus Behn & Stijn Claessens & Leonardo Gambacorta & Alessio Reghezza, 2025. "Macroprudential and monetary policy tightening: more than a double whammy?," BIS Working Papers 1257, Bank for International Settlements.