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Central Bank Research Hub - Past 3 months



Added onto the Research Hub on 12.05.2008

The Price of Land in the New York Metropolitan Area

by Andrew Haughwout, James Orr, and David BedollNew York Fed Current issues
ci14-03 (00 Apr 5)
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Added onto the Research Hub on 09.05.2008

Which interest rate scenario is the worst one for a bank? Evidence from a tracking bank approach for German savings and cooperative banks

by Christoph MemmelDeutsche Bundesbank Banking Supervision Discussion Papers
200807 (May 2008)

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Liquidity at the Oslo Stock Exchange

by by Randi Nćs, Johannes A. Skjeltorp and Bernt Arne ŘdegaardCentral Bank of Norway Working Papers
2008/09 (08 May 2008)
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The power of weather. Some empirical evidence on predicting day-ahead power prices through weather forecasts

by by Christian Huurman, Francesco Ravazzolo and Chen ZhouCentral Bank of Norway Working Papers
2008/08 (08 May 2008)
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Does monetary policy react to asset prices? Some international evidence

by By Francesco FurlanettoCentral Bank of Norway Working Papers
2008/07 (08 May 2008)
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Added onto the Research Hub on 08.05.2008

BankCaR (Bank Capital-at-Risk): A credit risk model for US commercial bank charge-offs

by Jon Frye, Eduard PelzChicago Fed Working papers
WP-2008-03 (May 2008)
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Displacement, Asymmetric Information and Heterogeneous Human Capital

by Luojia Hu, Christopher TaberChicago Fed Working papers
WP-2008-02 (May 2008)
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A Leverage-based Model of Speculative Bubbles

by Gadi BarlevyChicago Fed Working papers
WP-2008-01 (May 2008)
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Do Financial Education Programs Work?

by Ian Hathaway and Sameer KhatiwadaCleveland Fed Working papers
WP08-03 ( May 803)

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Money and Competing Assets under Private Information

by Guillaume RocheteauCleveland Fed Working papers
WP08-02 ( May 802)

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Positive and Normative Effects of a Minimum Wage

by Guillaume Rocheteau and Murat TasciCleveland Fed Working papers
WP08-01 ( May 801)

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Short-term forecasting of GDP using large monthly datasets: a pseudo real-time forecast evaluation exercise

by Karim Barhoumi, Szilard Benk, Riccardo Cristadoro, Ard Den Reijer, Audrone Jakaitiene, Piotr Jelonek, António Rua, Gerhard Rünstler, Karsten Ruth and Christophe Van NieuwenhuyzeEuropean Central Bank Occasional papers
84 (May 2008)

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Accounting for Output Fluctuations in Mexico

by Antón Sarabia ArturoBank of Mexico Working Papers
2008-05 (2008)

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Added onto the Research Hub on 07.05.2008

Why Money Growth Determines Inflation in the Long Run: Answering the Woodford Critique

by Edward NelsonSt Louis Fed Working Papers
2008-013 (May 2008)

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Temporary Price Changes and the Real Effects of Monetary Policy

by Patrick J. Kehoe and Virgiliu MidriganMinneapolis Fed Working Papers
WP661 (May 2008)
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Efficiency and costs of payments: some new evidence from Finland

by Kari TakalaMatti VirenBank of Finland Discussion Papers
2008/11 (07 May 2008)
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The signalling hypothesis revisited: Evidence from foreign IPOs

by Bill B FrancisIftekhar HasanJames R LothianXian SunBank of Finland Discussion Papers
2008/10 (06 May 2008)
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Density forecast evaluation and the effect of risk-neutral central moments on the currency risk premium: tests based on EUR/HUF option-implied densities

by Csaba CsávásMagyar Nemzeti Bank Working papers
2008/03 (May 2008)
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Price Level versus Inflation Targeting under Model Uncertainty

by Gino CateauBank of Canada Working papers
2008-15 (May 2008)
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Driving Forces of the Canadian Economy: An Accounting Exercise

by Simona E. Cociuba and Alexander UeberfeldtBank of Canada Working papers
2008-14 (May 2008)
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Uncertainty, Inflation, and Welfare

by Jonathan Chiu and Miguel MolicoBank of Canada Working papers
2008-13 (May 2008)
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Added onto the Research Hub on 06.05.2008

Long-duration Bonds and Sovereign Defaults

by Juan Carlos Hatchondo, Leonardo MartinezRichmond Fed Working Papers
08-02 (May 2008)
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Inflation, Monetary Policy and Stock Market Conditions

by Michael D. Bordo, Michael J. Dueker, and David C. WheelockSt Louis Fed Working Papers
2008-012 (May 2008)

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Monetary Policy: Why Money Matters and Interest Rates Don't

by Daniel L. ThorntonSt Louis Fed Working Papers
2008-011 (May 2008)

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Corporate Hedging, Investment and Value

by Jose M. Berrospide, Amiyatosh Purnanandam, and Uday RajanFederal Reserve Board FEDS series
2008-22 (May 2008)
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Do financial conglomerates create or destroy value? Evidence for the EU

by Iman van Lelyveld en Klaas KnotNetherlands Bank DNB Working Papers
174 (May 2008)

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The success of bank mergers revisited - an assessment based on a matching strategy

by Andreas Behr, Frank HeidDeutsche Bundesbank Banking Supervision Discussion Papers
200806 (May 2008)

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House Prices and the stance of Monetary Policy.

by Marek Jarocinski and Frank SmetsEuropean Central Bank Working papers
891 (Apr 2008)

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House Prices, Money, Credit and the Macroeconomy.

by Charles Goodhart and Boris HofmannEuropean Central Bank Working papers
888 (Apr 2008)

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A Model of Tiered Settlement Networks

by James Chapman, Jonathan Chiu, and Miguel MolicoBank of Canada Working papers
2008-12 (May 2008)
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Added onto the Research Hub on 03.05.2008

International Evidence on Stochastic and Deterministic Monetary Neutrality

by Noriega Antonio E.; Soria Luis M.; Velázquez RamónBank of Mexico Working Papers
2008-04 (2008)

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Added onto the Research Hub on 02.05.2008

Designing State Aid Formulas: The Case of a New Formula for Distributing Municipal Aid in Massachusetts

by Bo Zhao and Katharine BradburyBoston Fed Working papers
08-01 (May 2008)
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Added onto the Research Hub on 30.04.2008

Taxation, Aggregates and the Household

by Nezih Guner, Remzi Kaygusuz, and Gustavo VenturaMinneapolis Fed Working Papers
WP660 (Apr 2008)
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Introducing the Euro-STING: Short Term INdicator of Euro Area Growth (701 KB

by Maximo Camacho and Gabriel Perez-QuirosBank of Spain Working Papers
0807 (Apr 2008)
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Nested Simulation in Portfolio Risk Measurement

by Michael B. Gordy and Sandeep JunejaFederal Reserve Board FEDS series
2008-21 (Apr 2008)
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On the design of monetary policy committees

by by Alan S. Blinder (Norges Bank Monetary Policy)Central Bank of Norway Working Papers
2008/06 (30 Apr 2008)
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Business cycle analysis and VARMA models

by by Christian Kascha and Karel MertensCentral Bank of Norway Working Papers
2008/05 (30 Apr 2008)
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Identification of new Keynesian Phillips Curves from a global perspective.

by Stéphane Dées, Hashem PesaranEuropean Central Bank Working papers
892 (Apr 2008)

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Globalisation, domestic inflation and global output gaps: Evidence from the euro area

by Alessandro CalzaEuropean Central Bank Working papers
890 (Apr 2008)

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Added onto the Research Hub on 29.04.2008

Non-Linear Predictability in Stock and Bond Returns: When and Where Is It Exploitable?

by Massimo Guidolin, Stuart Hyde, David McMillan, and Sadayuki OnoSt Louis Fed Working Papers
2008-010 (Apr 2008)

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Service Exports: The Next Engine of Growth For Hong Kong?

by Frank Leung, Kevin Chow, Jessica Szeto and Dickson TamHong Kong Monetary Authority Working Papers
WP08_04 (Apr 2008)
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Added onto the Research Hub on 28.04.2008

The effect of foreign service on trade volumes and trade partners (602 KB

by Rubén Segura-Cayuela and Josep M. VilarrubiaBank of Spain Working Papers
0808 (Apr 2008)
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Added onto the Research Hub on 25.04.2008

Sophisticated Monetary Policies

by Andrew Atkeson, V. V. Chari, and Patrick J. KehoeMinneapolis Fed Working Papers
WP659 (Apr 2008)
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Added onto the Research Hub on 24.04.2008

A New Look at the Wealth Adequacy of Older U.S. Households

by David A. Love, Paul A. Smith, and Lucy C. McNairFederal Reserve Board FEDS series
2008-20 (Apr 2008)
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Added onto the Research Hub on 23.04.2008

Domestic Savings and Foreign Capital: the Complementarity Channel

by Enisse KharroubiBank of France Working Papers
Nr 212 (Apr 2008)
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Competitive Search Equilibrium in a DSGE Model

by David M. Arseneau and Sanjay K. ChughFederal Reserve Board International Financial Discussion Papers
2008-929 (Apr 2008)
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An Examination of Canadian Firms Delisting from U.S. Exchanges

by Jonathan WitmerBank of Canada Working papers
2008-11 (Apr 2008)
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Added onto the Research Hub on 22.04.2008

Oil and the U.S. Macroeconomy: An Update and a Simple Forecasting Exercise

by Kevin L. KliesenSt Louis Fed Working Papers
2008-009 (Apr 2008)

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Credit, Asset Prices, and Financial Stress in Canada

by Miroslav Misina and Greg TkaczBank of Canada Working papers
2008-10 (Apr 2008)
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Added onto the Research Hub on 21.04.2008

The financial turmoil of 2007-?: a preliminary assessment and some policy considerations

by Claudio BorioBank for International Settlements Working papers
251 (Mar 2008)
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Added onto the Research Hub on 19.04.2008

Global and Regional Links between Stock Markets - the Case of Russia and China

by Tomasz KozlukBank of Finland BOFIT Discussion Papers
2008/04 (04 Aug 2008)
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Are private banks more efficient than public banks? Evidence from Russia

by Alexei Karas, Koen Schoors and Laurent WeillBank of Finland BOFIT Discussion Papers
2008/03 (03 Aug 2008)
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Forecasting Inflation in China

by Aaron Mehrotra and José R. Sánchez-FungBank of Finland BOFIT Discussion Papers
2008/02 (02 Aug 2008)
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Added onto the Research Hub on 16.04.2008

Happiness Maintenance and Asset Prices

by Antonio FalatoFederal Reserve Board FEDS series
2008-19 (Apr 2008)
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Sticky Wages. Evidence from Quarterly Microeconomic Data

by Thomas Heckel, Hervé Le Bihan and Jérémi MontornčsBank of France Working Papers
Nr 208 (Apr 2008)
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Market Expectation of Appreciation of the Renminbi

by Cho-Hoi Hui, Chi-Fai Lo and Tsz-Kin ChungHong Kong Monetary Authority Working Papers
WP08_03 (Apr 2008)
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Exchange rates, Optimal Debt Composition, and Hedging in Small Open Economies

by Jose BerrospideFederal Reserve Board FEDS series
2008-18 (Apr 2008)
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Added onto the Research Hub on 15.04.2008

Labor supply after transition: evidence from the Czech Republic

by Alena BicákováEuropean Central Bank Working papers
887 (Mar 2008)

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Expectations of risk and return among household investors: Are their Sharpe ratios countercyclical?

by Gene Amromin and Steven A. SharpeFederal Reserve Board FEDS series
2008-17 (Apr 2008)
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Corporate Hedging, Investment and Value

by Jose M. Berrospide, Amiyatosh Purnanandam, and Uday RajanFederal Reserve Board FEDS series
2008-16 (Apr 2008)
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Added onto the Research Hub on 14.04.2008

A Model of Housing Boom and Bust in a Small Open Economy

by Hajime TomuraBank of Canada Working papers
2008-09 (Apr 2008)
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The elasticity of substitution: evidence from a UK firm-level data set

by Sebastian Barnes, Simon Price and María Sebastiá BarrielBank of England Working papers
348 (Apr 2008)
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Non-linear adjustment of import prices in the European Union

by José Manuel Campa, José M González Mínguez and María Sebastiá BarrielBank of England Working papers
347 (Apr 2008)
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Network models and financial stability

by Erlend Nier, Jing Yang, Tanju Yorulmazer and Amadeo AlentornBank of England Working papers
346 (Apr 2008)
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Estimating asset correlations from stock prices or default rates - which method is superior?

by Klaus Düllmann, Jonathan Küll, Michael KunischDeutsche Bundesbank Banking Supervision Discussion Papers
200804 (Apr 2008)

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Added onto the Research Hub on 11.04.2008

Interpreting Long-Horizon Estimates in Predictive Regressions

by Erik HjalmarssonFederal Reserve Board International Financial Discussion Papers
2008-928 (Apr 2008)
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Emerging Market Business Cycles Revisited: Learning about the Trend

by Emine Boz, Christian Daude, and Ceyhun Bora DurduFederal Reserve Board International Financial Discussion Papers
2008-927 (Apr 2008)
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Optimal Monetary Policy under Sudden Stops

by Vasco CúrdiaNew York Fed Staff reports
323 (Apr 2008)
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Added onto the Research Hub on 10.04.2008

Identifying the interdependence between US monetary policy and the stock market

by by Hilde C. Bjřrnland and Kai Leitemo (Economics Department)Central Bank of Norway Working Papers
2008/04 (10 Apr 2008)
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Evaluating Job Search Programs for Old and Young Individuals: Heterogeneous Impact on Unemployment Duration

by Luis Centeno, Mário Centeno, Álvaro A. NovoBank of Portugal Working papers
2008-06 (Apr 2008)
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A Black Swan in the Money Market

by Taylor, WilliamsSan Francisco Fed Working Papers
2008-04 (Apr 2008)

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Assessing the shape of the distribution of interest rates: lessons from French individual data

by Renaud LacroixBank of France Working Papers
Nr 206 (Apr 2008)
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Added onto the Research Hub on 09.04.2008

Impact of bank competition on the interest rate pass-through in the euro area

by M. van leuvensteijn, C. Kok Sřrensen, J.A. Bikker and A.A.R.J.M. van RixtelNetherlands Bank DNB Working Papers
171 (Apr 2008)

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Location Decisions of Foreign Banks and Institutional Competitive Advantage

by Stijn Claessens and Neeltje van HorenNetherlands Bank DNB Working Papers
172 (Apr 2008)

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Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence

by Alan S. Blinder, Michael Ehrmann, Marcel Fratzscher, Jakob de Haan and David-Jan JansenNetherlands Bank DNB Working Papers
170 (Apr 2008)

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Did fiscal policy makers know what they were doing? Reassessing fiscal policy with real-time data

by Kerstin Bernoth, Andrew Hughes Hallet and John LewisNetherlands Bank DNB Working Papers
169 (Apr 2008)

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Predicting Cycles in Economic Activity

by Jane HaltmaierFederal Reserve Board International Financial Discussion Papers
2008-926 (Apr 2008)
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Bank Integration and Financial Constraints: Evidence from U.S. Firms

by Ricardo CorreaFederal Reserve Board International Financial Discussion Papers
2008-925 (Mar 2008)
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A Solution to the Default Risk-Business Cycle Disconnect

by Enrique G. Mandoza and Vivian Z. YueFederal Reserve Board International Financial Discussion Papers
2008-924 (Mar 2008)
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Added onto the Research Hub on 08.04.2008

En forbrugsrelation for husholdningerne

by Olesen, Jan OvergaardDanmarks Nationalbank Working papers
WP51/2008 (08 Apr 2008)
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Are Labour Market Structures Endogenously Dependent on the Monetary Regime? - Empirical Evidence from Denmark 1875-2007

by Abildgren, KimDanmarks Nationalbank Working papers
WP52/2008 (08 Apr 2008)
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Added onto the Research Hub on 07.04.2008

Searching for additional sources of inflation persistence: the micro-price panel data approach

by R. RaciborskiNational Bank of Belgium Working Papers
132 (07 Apr 2008)
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Predicting Stock Market Returns by Combining Forecasts

by Laurence Fung and Ip-wing YuHong Kong Monetary Authority Working Papers
WP08_01 (Mar 2008)
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Added onto the Research Hub on 05.04.2008

Evaluating Value-at-Risk Models via Quantile Regressions

by Wagner P. Gaglianone, Luiz Renato Lima and Oliver LintonCentral Bank of Brazil Working Papers
161 (Feb 2008)
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Added onto the Research Hub on 04.04.2008

Business cycle evidence on firm entry

by Vivien LewisDeutsche Bundesbank Discussion Papers
200808 (04 Apr 2008)

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Exchange Rate Pass-Through to Domestic Inflation in Hong Kong

by Li-gang Liu and Andrew Tsang