Report NEP-MON-2025-01-13

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:

• Giang Nghiem & Lena Drager & Ami Dalloul, 2024. "Anchoring Households’ Inflation Expectations when Inflation is High," CAMA Working Papers 2024-70, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• De Polis, Andrea & Melosi, Leonardo & Petrella, Ivan, 2024. "The Taming of the Skew : Asymmetric Inflation Risk and Monetary Policy," The Warwick Economics Research Paper Series (TWERPS) 1530, University of Warwick, Department of Economics.
• Eduardo G. C. Amaral, 2024. "Smoothing the New-Keynesian Capital Puzzle," Working Papers Series 606, Central Bank of Brazil, Research Department.
• Jens Hilscher & Alon Raviv & Ricardo Reis, 2024. "How likely is an inflation disaster?," Discussion Papers 2437, Centre for Macroeconomics (CFM).
• Yudai Hatayama & Yuto Iwasaki, 2024. "Estimating the Natural Yield Curve in Japan Using a VAR with Common Trends," Bank of Japan Working Paper Series 24-E-17, Bank of Japan.
• Jonathon Hazell & Stephan Hobler, 2024. "Do Deficits Cause Inflation? A High Frequency Narrative Approach," Discussion Papers 2439, Centre for Macroeconomics (CFM).
• Rakesh Arora & Han Du & Raza Ali Kazmi & Duc-Phong Le, 2025. "Privacy-Enhancing Technologies for CBDC Solutions," Discussion Papers 2025-01, Bank of Canada.
• Bhattacharjee, A. & Holly, S. & Wasseja, M., 2024. "Network Structures and Heterogeneity in Policy Preferences at the FOMC," Cambridge Working Papers in Economics 2469, Faculty of Economics, University of Cambridge.
• Atsuki Hirata & Sohei Kaihatsu & Yoshiyasu Kasai & Hiroki Yamamoto & Jouchi Nakajima, 2024. "Effects and Side Effects of Unconventional Monetary Policy: A Shadow Rate Approach," Bank of Japan Working Paper Series 24-E-21, Bank of Japan.
• Noam Ben-Ze’ev & Sigal Ribon & Roy Stein, 2024. "Monetary Policy and the Mutual Fund Market: Funding and Liquidity," Bank of Israel Working Papers 2024.11, Bank of Israel.
• Wildmer Daniel Gregori & Ângelo Ramos, 2024. "Time-varying effects of monetary and macroprudential policies: does high inflation matter?," Working Papers w202401, Banco de Portugal, Economics and Research Department.
• Alex Ilek & Nimrod Cohen & Yaakov Chen-Zion, 2024. "Assessing the Impact of Monetary and Macroprudential Policies on Israel's Housing Market: A DSGE Model Approach," Bank of Israel Working Papers 2024.14, Bank of Israel.
• ITO Arata & SATO Masahiro & OTA Rui, 2024. "Content-based Metric on Monetary Policy Uncertainty by Using Large Language Models," Discussion papers 24080, Research Institute of Economy, Trade and Industry (RIETI).
• Item repec:fip:fedawp:99169 is not listed on IDEAS anymore

• Ichiro Fukunaga & Yoshihiko Hogen & Yoichi Ueno, 2024. "Japan's Economy and Prices over the Past 25 Years: Past Discussions and Recent Issues," Bank of Japan Working Paper Series 24-E-14, Bank of Japan.
• Gilligan, Daniel O. & Herskowitz, Sylvan & Roy, Shalini & de Brauw, Alan, 2024. "Catalyzing financial inclusion: Using incentives to promote mobile money use in Ethiopia," IFPRI discussion papers 2295, International Food Policy Research Institute (IFPRI).
• James Antwis, 2024. "Comparing services inflation in New Zealand to abroad," Reserve Bank of New Zealand Analytical Notes series AN2024/04, Reserve Bank of New Zealand.
• Lydia Dudson, 2024. "Decomposing supply and demand driven retail inflation in New Zealand," Reserve Bank of New Zealand Analytical Notes series AN2024/05, Reserve Bank of New Zealand.
• Sayag, Doron & Snir, Avichai & Levy, Daniel, 2024. "Price Setting Rules, Rounding Tax, and Inattention Penalty," EconStor Preprints 306479, ZBW - Leibniz Information Centre for Economics.
• Patrice T. Robitaille & Brent Weisberg & Tony Zhang, 2024. "How Well-Anchored are Long-term Inflation Expectations in Latin America?," FEDS Notes 2024-12-20-2, Board of Governors of the Federal Reserve System (U.S.).
• Melissa van Rensburg, 2023. "Long-run trends in New Zealand’s real neutral interest rate," Treasury Analytical Notes Series an23/05, New Zealand Treasury.
• Kota Ikkatai & Takuji Kawamoto & Kenichi Sakura, 2024. "Japan's Unconventional Monetary Policy and the Exchange Rate Dynamics," Bank of Japan Working Paper Series 24-E-23, Bank of Japan.
• Andres Blanco & Corina Boar & Callum J. Jones, 2024. "Nonlinear Dynamics in Menu Cost Economies? Evidence from U.S. Data," FRB Atlanta Working Paper 2024-11, Federal Reserve Bank of Atlanta.
• Itamar Caspi & Nadav Eshel & Nimrod Segev, 2024. "The Mortgage Cash-Flow Channel: How Rising Interest Rates Impact Household Consumption," Bank of Israel Working Papers 2024.13, Bank of Israel.
• Zhesheng Qiu & Yicheng Wang & Le Xu & Francesco Zanetti, 2025. "Monetary Policy in Open Economies with Production Networks," Discussion Papers 2501, Centre for Macroeconomics (CFM).
• Pedro Teles & Oreste Tristani, 2024. "The Monetary Financing of a Large Fiscal Shock," Working Papers w202403, Banco de Portugal, Economics and Research Department.
• Milutin Jesic & Hans Manner, 2024. "What Determines the Success of the ECB's Monetary Policy," Graz Economics Papers 2024-17, University of Graz, Department of Economics.
• Ding Dong & Zheng Liu & Pengfei Wang & Min Wei, 2024. "Inflation Disagreement Weakens the Power of Monetary Policy," Finance and Economics Discussion Series 2024-094, Board of Governors of the Federal Reserve System (U.S.).
• Lukasz Grzybowski & Valentin Lindlacher & Onkokame Mothobi, 2024. "Interoperability between mobile money agents and choice of network operators: the case of Tanzania," Working Papers 2024-22, Faculty of Economic Sciences, University of Warsaw.
• Ambrocio, Gene & Haavio, Markus & McClung, Nigel, 2024. "Monetary policy announcements and sacrifice ratios," Bank of Finland Research Discussion Papers 12/2024, Bank of Finland.
• Lawrence J. Christiano & Martin S. Eichenbaum & Benjamin K. Johannsen, 2024. "Measured Inflation and the New-Keynesian Model," Finance and Economics Discussion Series 2024-095, Board of Governors of the Federal Reserve System (U.S.).
• Morshed, Monzur, 2024. "Current Economic Trends and Inflationary Pressures in Bangladesh," SocArXiv pe9tm, Center for Open Science.
• Fatih Altunok & Yavuz Arslan & Steven Ongena, 2024. "Monetary Policy Transmission with Adjustable and Fixed-Rate Mortgages: The Role of Credit Supply," Swiss Finance Institute Research Paper Series 24-65, Swiss Finance Institute.
• Gerelmaa Bayarmagnai & Punnoose Jacob, 2024. "A Bernanke-Blanchard model decomposition of New Zealand inflation: The pandemic and beyond," Reserve Bank of New Zealand Analytical Notes series AN2024/03, Reserve Bank of New Zealand.
• Boris Hofmann & Cristina Manea & Benoit Mojon, 2024. "Targeted Taylor rules: some evidence and theory," BIS Working Papers 1234, Bank for International Settlements.
• Geoffrey R. Dunbar, 2024. "How Preferences, Monetary Policy and Household Inflation," Staff Working Papers 24-45, Bank of Canada.
• Mr. JaeBin Ahn & Euihyun Bae & Jing Zhou, 2024. "The Role of Corporate Cash Holdings in the Transmission of Monetary Policy Tightening," IMF Working Papers 2024/245, International Monetary Fund.
• Diessner, Sebastian, 2024. "Monetary-Fiscal Interactions and the Problem of Outdated Commitments: Eurozone Crisis Versus Covid-19," OSF Preprints vwrgs, Center for Open Science.
• Federle, Jonathan-Julian & Mohr, Cathrin & Schularick, Moritz, 2024. "Inflation surprises and election outcomes," Kiel Working Papers 2278, Kiel Institute for the World Economy (IfW Kiel).
• Fiorella De Fiore & Alexis Maurin & Andrej Mijakovic & Damiano Sandri, 2024. "Monetary policy in the news: communication pass-through and inflation expectations," BIS Working Papers 1231, Bank for International Settlements.
• Cormun, Vito & Ristolainen, Kim, 2024. "Exchange rate narratives," Bank of Finland Research Discussion Papers 11/2024, Bank of Finland.
• Allayioti, Anastasia & Gόrnicka, Lucyna & Holton, Sarah & Martínez Hernández, Catalina, 2024. "Monetary policy pass-through to consumer prices: evidence from granular price data," Working Paper Series 3003, European Central Bank.
• Rodrigo Barbone Gonzalez & Bernardus F. Nazar Van Doornik & João Barata R. B. Barroso, 2024. "Macroprudential, Monetary Policy Synergies and Credit Supply: evidence from matched bank-firm loan-level data in Brazil," Working Papers Series 607, Central Bank of Brazil, Research Department.
• Maybrit Wachter & Christian R. Proano & Juan Carlos Pena, 2024. "How Fitting is “one-size-fits-all†? Revisiting the Dynamic Effects of ECB’s Interest Policy on Euro Area Countries," CAMA Working Papers 2024-77, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Item repec:fip:fedawp:99183 is not listed on IDEAS anymore

• Joao Guerreiro & Jonathon Hazell & Chen Lian & Christina Patterson, 2024. "Why Do Workers Dislike Inflation? Wage Erosion and Conflict Costs," Discussion Papers 2440, Centre for Macroeconomics (CFM).
• Angeloni, Ignazio, 2024. "Assessing the ECB's monetary policy stance by comparing tightening cycles," SAFE White Paper Series 108, Leibniz Institute for Financial Research SAFE.
• Ehrmann, Michael, 2024. "Trust in central banks," Working Paper Series 3006, European Central Bank.
• Knut Are Aastveit & Hilde C. Bjornland & Jamie L. Cross & Helene Olsen Kalstad, 2024. "Unveiling inflation: Oil Shocks, Supply Chain Pressures, and Expectations," CAMA Working Papers 2024-68, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
• Fengler, Matthias & Koeniger, Winfried & Minger, Stephan, 2025. "The Transmission of Monetary Policy to the Cost of Hedging," Economics Working Paper Series 2501, University of St. Gallen, School of Economics and Political Science.
• Walter Engert & Oleksandr Shcherbakov & André Stenzel, 2024. "CBDC in the Market for Payments at the Point of Sale: Equilibrium Impact and Incumbent Responses," Staff Working Papers 24-52, Bank of Canada.
• Verona, Fabio, 2025. "From waves to rates: Enhancing inflation forecasts through combinations of frequency-domain models," Bank of Finland Research Discussion Papers 1/2025, Bank of Finland.
• Mitchener, Kris James & Wandschneider, Kirsten, 2024. "Currency Wars and Trade," CAGE Online Working Paper Series 740, Competitive Advantage in the Global Economy (CAGE).
• Rachael Grant & Kate Poskitt, 2024. "Financial market reaction to monetary policy surprises," Reserve Bank of New Zealand Analytical Notes series AN2024/08, Reserve Bank of New Zealand.
• Andres Blanco & Corina Boar & Callum J. Jones & Virgiliu Midrigan, 2024. "The Inflation Accelerator," FRB Atlanta Working Paper 12, Federal Reserve Bank of Atlanta.
• Ms. Nan Li & Sergii Meleshchuk, 2024. "Bilateral Trade in Services and Exchange Rates: Evidence of Dominant Currency Pricing," IMF Working Papers 2024/242, International Monetary Fund.
• Zhesheng Qiu & Yicheng Wang & Le Xu & Francesco Zanetti, 2025. "Monetary Policy in Open Economies with Production Networks," Economics Series Working Papers 1064, University of Oxford, Department of Economics.
• Honkapohja, Seppo & McClung, Nigel, 2024. "Average inflation targeting in Calvo model with imperfect knowledge and learning," Bank of Finland Research Discussion Papers 13/2024, Bank of Finland.
• Sohei Kaihatsu & Shogo Nakano & Hiroki Yamamoto, 2024. "Macroeconomic Impact of Shifts in Long-term Inflation Expectations," Bank of Japan Working Paper Series 24-E-18, Bank of Japan.
• Andres Blanco & Corina Boar & Callum J. Jones & Virgiliu Midrigan, 2024. "Nonlinear Inflation Dynamics in Menu Cost Economies," FRB Atlanta Working Paper 10, Federal Reserve Bank of Atlanta.
• Bauer, Michael D. & Offner, Eric A. & Rudebusch, Glenn D., 2024. "Green stocks and monetary policy shocks: Evidence from Europe," IMFS Working Paper Series 215, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
• Shira Buzaglo-Baris, 2024. "Wage and Price Inflation: An Industry-Level Study," Bank of Israel Working Papers 2024.09, Bank of Israel.
• Guangling Liu & Marrium Mustapher, 2024. "Spillover effects of the recent US monetary policy shocks on the South African economy: The role of monetary and fiscal policy coordination," WIDER Working Paper Series wp-2024-68, World Institute for Development Economic Research (UNU-WIDER).
• Wilmer Martínez-Rivera & Edgar Caicedo-García & Juan Bonilla-Pérez, 2025. "Instantaneous Inflation as a Predictor of Inflation," Borradores de Economia 1296, Banco de la Republica de Colombia.
• Michael D. Bordo & Edward Simpson Prescott, 2025. "Federal Reserve Structure, Economic Ideas, and Banking Policy During the "Quiet Period" in Banking," Working Papers 25-01, Federal Reserve Bank of Cleveland.
• Simon C. Smith & Alexander L. Wolman, 2024. "New tools to monitor inflation in real time," FEDS Notes 2024-12-20-3, Board of Governors of the Federal Reserve System (U.S.).
• Claudio Borio, 2024. "Whither inflation targeting as a global monetary standard?," BIS Working Papers 1230, Bank for International Settlements.
• J. Scott Davis & Andrei Zlate, 2024. "Real Exchange Rates and the Global Financial Cycle," Working Papers 2416, Federal Reserve Bank of Dallas.
• Lukasz Grzybowski & Valentin Lindlacher & Onkokame Mothobi, 2024. "Mobile money and financial inclusion in Sub-Saharan Africa," Working Papers 2024-20, Faculty of Economic Sciences, University of Warsaw.