Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 13.07.2016

Gaussian Mixture Approximations of Impulse Responses and the Nonlinear Effects of Monetary Shocks

Richmond Fed Working Papers [View] (2016-07, 13.07.2016)

JEL: C14, C32, C51, E32, E52

Added onto the Research Hub on 12.07.2016

Assessing the costs and benefits of capital-based macroprudential policy

European Systemic Risk Board Working papers [View] (2016-07-12, 12.07.2016)

JEL: G01, G21, G28

Deep Habits and Exchange Rate Pass-through

Bank of Estonia Working papers [View] (2016-07-12, 12.07.2016)

JEL: E31, F44

Added onto the Research Hub on 11.07.2016

The Information Contained in Money Market Interactions: Unsecured vs. Collateralized Lending

Bank of France Working Papers [View] (2016-07, 11.07.2016)

JEL: E42, E58, G21, G28

Added onto the Research Hub on 08.07.2016

Misalignment of productivity and wages across regions ? Evidence from Belgian matched panel data

National Bank of Belgium Working Papers [View] (2016-07, 08.07.2016)

JEL: C33, J24, J31, R30

Flying under the radar: the effects of short-sale disclosure rules on investor behavior and stock prices

Deutsche Bundesbank Discussion Papers [View] (2016-07-08, 08.07.2016)

JEL: G14, G15, G23

Added onto the Research Hub on 07.07.2016

Macroeconomic effects of mortgage interest deduction

Netherlands Bank DNB Working Papers [View] (2016-07-07, 07.07.2016)

JEL: E32, E44

The drivers of European banks US dollar debt issuance: opportunistic funding in times of crisis?

Bank of Spain Working Papers [View] (2016-07, 07.07.2016)

JEL: F3, G01, G21, G32, O52

Added onto the Research Hub on 06.07.2016

Why Do Vulnerability Cycles Matter in Financial Networks?

Central Bank of Brazil Working Papers [View] (2016-06, 06.07.2016)

JEL: C63, G01, G21, G28

Added onto the Research Hub on 05.07.2016

The payout behaviour of German savings banks

Deutsche Bundesbank Discussion Papers [View] (2016-07-05, 05.07.2016)

JEL: G21, G29, G35

Added onto the Research Hub on 04.07.2016

2016:What slice of the pie? The corporate bond market boom in emerging economies Bank

Bank of Finland BOFIT Discussion Papers [View] (2016, 04.07.2016)

JEL: F30, G15, G20, G30

Added onto the Research Hub on 01.07.2016

Labour Shares, Fertility and Longevity in an OLG model

Bank of Lithuania Working Papers [View] (2016-07, 01.07.2016)

JEL: C51, E25, J14

Liquidity Management and Central Bank Strength: Bank of England Operations Reloaded, 1889-1910

Central Bank of Norway (Norges Bank) Working Papers [View] (2016-07-01, 01.07.2016)

JEL: E42, E43, E58, N13

Breaking down world trade elasticities: a panel ECM approach

Bank of Spain Working Papers [View] (2016-07-01, 01.07.2016)

JEL: C23, F14, F40

Growing by learning: firm-level evidence on the size-productivity nexus

Bank of Spain Working Papers [View] (2016-07-01, 01.07.2016)

JEL: D24, L11, L25

Exchange Rate Risk Premium: An Analysis of its Determinants for the Mexican Peso-USD

Bank of Mexico Working Papers [View] (2016-07-01, 01.07.2016)

JEL: C22, C53, C58, G10, G13

The First Debt Ceiling Crisis

New York Fed Staff reports [View] (2016-07-01, 01.07.2016)

JEL: E42, H63, N22

The Science of Monetary Policy: An Imperfect Knowledge Perspective

New York Fed Staff reports [View] (2016-07-01, 01.07.2016)

JEL: E31, E32, E52

Added onto the Research Hub on 30.06.2016

Modelling interest payments for macroeconomic assessment

Bank of Spain Working Papers [View] (2016-06-01, 30.06.2016)

JEL: E43, E44, E47, E63

Added onto the Research Hub on 29.06.2016

Transmission of global financial shocks o EMU member states: the role of monetary policy and national factors

Deutsche Bundesbank Discussion Papers [View] (2016-06-29, 29.06.2016)

JEL: F32, F36, F45

Added onto the Research Hub on 28.06.2016

Bank recapitalizations and lending: A little is not enough

European Systemic Risk Board Working papers [View] (2016-06-28, 28.06.2016)

JEL: G21, G28

Credit default swap spreads and systemic financial risk

European Systemic Risk Board Working papers [View] (2016-06-28, 28.06.2016)

Catering to investors through product complexity

European Systemic Risk Board Working papers [View] (2016-06-28, 28.06.2016)

JEL: D12, D18, G1, I22

Health Spending Slowed Down in Spite of the Crisis

New York Fed Staff reports [View] (2016-06-28, 28.06.2016)

JEL: E3, G28, I11

Banks' interest rate risk and search for yield: a theoretical rationale and some empirical evidence

Deutsche Bundesbank Discussion Papers [View] (2016-06-28, 28.06.2016)

JEL: G11, G21

The Effect of Natural Gas Shortages on the Mexican Economy

Bank of Mexico Working Papers [View] (2016-06, 28.06.2016)

JEL: D24, H40, O14

Repurchase Agreements as an Instrument of Monetary Policy at the Time of the Accord

New York Fed Staff reports [View] (2016-06, 28.06.2016)

JEL: E5, G2, N2

Added onto the Research Hub on 27.06.2016

In the Eye of a Storm: Manhattan's Money Center Banks during the International Financial Crisis of 1931

Richmond Fed Working Papers [View] (2016-06, 27.06.2016)

JEL: E51, E52, E58, G21, G28, N12, N22

Shadow banking in the euro area: risks and vulnerabilities in the investment fund sector

European Central Bank Occasional papers [View] (2016-06-27, 27.06.2016)

JEL: G01, G20, G23, G28

A Shadow rate model with time-varying lower bound of interest rates

Bank of Finland Discussion Papers [View] (2016, 27.06.2016)

JEL: E43, E44, E52

On the dynamics of the investment income balance

Deutsche Bundesbank Discussion Papers [View] (2016-06-27, 27.06.2016)

JEL: E50, F36, F45, G15

The effect of bank shocks on firm-level and aggregate investment

Deutsche Bundesbank Discussion Papers [View] (2016-06-27, 27.06.2016)

JEL: E32, E44, G21, G32

Added onto the Research Hub on 25.06.2016

Financial Crisis Interventions

Bank of Canada Working papers [View] (2016-06-24, 25.06.2016)

JEL: E13, E32, E44

The Real-Time Properties of the Bank of Canadas Staff Output Gap Estimates

Bank of Canada Working papers [View] (2016-06-24, 25.06.2016)

JEL: C38, E17, E32

Added onto the Research Hub on 24.06.2016

Intraday Dynamics of Euro Area Sovereign Credit Risk Contagion

Czech National Bank Working papers [View] (2016-06, 24.06.2016)

JEL: E44, G12, G14, G15

Added onto the Research Hub on 23.06.2016

Iterated Multi-Step Forecasting with Model Coefficients Changing Across Iterations

Czech National Bank Working papers [View] (2016-06, 23.06.2016)

JEL: C11, C32, C53

Added onto the Research Hub on 20.06.2016

Macroprudential measures and housing markets: A note on the empirical literature

Bank of Finland Discussion Papers [View] (2016, 20.06.2016)

JEL: E58, G28

Capital Flows and the Swiss Franc

Swiss National Bank Working Papers [View] (2016-06-20, 20.06.2016)

JEL: F21, F31, F32

Point, interval and density forecasts of exchange rates with time-varying parameter models

Deutsche Bundesbank Discussion Papers [View] (2016-06-20, 20.06.2016)

JEL: C11, C53, F31, F37

Added onto the Research Hub on 18.06.2016

Liquidity Risk, Bank Networks, and the Value of Joining the Federal Reserve System

Richmond Fed Working Papers [View] (2016-06, 18.06.2016)

JEL: G21, G28, N22

Added onto the Research Hub on 17.06.2016

How to explain errors in budget balance forecasts in euro area countries? Empirical evidence based on real-time data

Bank of Finland Discussion Papers [View] (2016, 17.06.2016)

JEL: E32, E62

Informal Sector Misallocation

Bank of Mexico Working Papers [View] (2016-06, 17.06.2016)

JEL: E26, L11, O11, O17, O40

Added onto the Research Hub on 16.06.2016

Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels - Report 2014

National Bank of Belgium Working Papers [View] (2016-06, 16.06.2016)

JEL: C67, H57, J21, L22, L91, L92, R15, R34, R41

Added onto the Research Hub on 15.06.2016

Effects of Credit Supply on Unemployment and Inequality

St Louis Fed Working Papers [View] (2016-06-15, 15.06.2016)

JEL: D43, E24, G21, J31, J64, L11

Added onto the Research Hub on 14.06.2016

The Rewards of Self-Discovery: Learning and Firm Exporter Dynamics

Bank of Mexico Working Papers [View] (2016-06, 14.06.2016)

JEL: C15, D21, D22, D83, F12, F14, L11, L25

Income Instability and Fiscal Progression

Bank of Mexico Working Papers [View] (2016-06, 14.06.2016)

JEL: H22, H53, J38

Black Monday, globalization and trading behavior of stock investors

Deutsche Bundesbank Discussion Papers [View] (2016-06-14, 14.06.2016)

JEL: G02, G11, G12

Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?

St Louis Fed Working Papers [View] (2016-06-14, 14.06.2016)

JEL: E42, E44, E58, G21, N11, N12, N21, N22

Added onto the Research Hub on 13.06.2016

Output gaps and policy stabilisation in Latin America: the effect of commodity and capital flow cycles

Bank for International Settlements Working papers [View] (2016-06-13, 13.06.2016)

JEL: E44, E52, E62, H30, H62

Understanding the changing equilibrium real interest rates in Asia-Pacific

Bank for International Settlements Working papers [View] (2016-06-13, 13.06.2016)

JEL: E43, E44, E52, F62, J11

Asset encumbrance, bank funding and financial fragility

Deutsche Bundesbank Discussion Papers [View] (2016-06-13, 13.06.2016)

JEL: D82, G01, G21, G28

Added onto the Research Hub on 09.06.2016

Banks' exposure to interest rate risk and the transmission of monetary policy

European Systemic Risk Board Working papers [View] (2016-06-09, 09.06.2016)

JEL: E44, E52, G21

Added onto the Research Hub on 08.06.2016

Export characteristics and output volatility: comparative firm-level evidence for CEE countries

Bank of Estonia Working papers [View] (2016-06-08, 08.06.2016)

JEL: F14, F43, O57

Timing of Banks Loan Loss Provisioning During the Crisis

Bank of Canada Working papers [View] (2016-06-08, 08.06.2016)

JEL: G0, G01, G02, G21, G3, G32

Added onto the Research Hub on 07.06.2016

Interbank intermediation

Deutsche Bundesbank Discussion Papers [View] (2016-06-07, 07.06.2016)

JEL: G2

High-frequency trading in the Bund futures market

Deutsche Bundesbank Discussion Papers [View] (2016-06-07, 07.06.2016)

JEL: G10, G12, G14

The Payment System Benefits of High Reserve Balances

New York Fed Staff reports [View] (2016-06, 07.06.2016)

JEL: G20, G21, G28

Newer Need Not Be Better: Evaluating the Penn World Tables and the World Development Indicators Using Nighttime Lights

New York Fed Staff reports [View] (2016-06, 07.06.2016)

JEL: E01, E23, O11, O47, O57

The Early Years of the Primary Dealer System

New York Fed Staff reports [View] (2016-06, 07.06.2016)

JEL: E5, G2, N1

Added onto the Research Hub on 06.06.2016

Individual trust: does quality of local services matter?

Bank of Italy Working Papers [View] (2016-06-06, 06.06.2016)

JEL: H10, Z10

The labor market channel of macroeconomic uncertainty

Bank of Italy Working Papers [View] (2016-06-06, 06.06.2016)

JEL: E21, E22, E23, E24, E32

Productivity effects of eco-innovations using data on eco-patents

Bank of Italy Working Papers [View] (2016-06-06, 06.06.2016)

JEL: L60, Q55

The heterogeneous response of domestic sales and exports to bank credit shocks

Bank of Italy Working Papers [View] (2016-06-06, 06.06.2016)

JEL: F14, G21, G34

Timing of banks' loan loss provisioning during the crisis

Netherlands Bank DNB Working Papers [View] (2016-06-02, 06.06.2016)

JEL: G01, G21, G32

How central is central counterparty clearing? A deep dive into a European repo market during the crisis

Deutsche Bundesbank Discussion Papers [View] (2016-06-06, 06.06.2016)

JEL: D4, E58, G2

The joint dynamics of sovereign ratings and government bond yields

Deutsche Bundesbank Discussion Papers [View] (2016-06-06, 06.06.2016)

JEL: C14, C25, F34, G24

Added onto the Research Hub on 04.06.2016

Risky Banks and Macroprudential Policy for Emerging Economies

Bank of Mexico Working Papers [View] (2016-06, 04.06.2016)

Added onto the Research Hub on 03.06.2016

Immigration to the U.S.: A problem for the Republicans or the Democrats?

Bank of France Working Papers [View] (2016-06, 03.06.2016)

JEL: F22, J61

Structure and Dynamics of the Global Financial Network

Central Bank of Brazil Working Papers [View] (2016-06, 03.06.2016)

JEL: C63, G01, G21, G28

Extreme risk interdependence

European Systemic Risk Board Working papers [View] (2016-06-03, 03.06.2016)

JEL: C12, C14, C52

Added onto the Research Hub on 02.06.2016

The PRISME model: can disaggregation on the production side help to forecast GDP?

Bank of France Working Papers [View] (2016-06, 02.06.2016)

JEL: C52, C53, E37

Leaning against the wind when credit bites back

Central Bank of Norway (Norges Bank) Working Papers [View] (2016-06-02, 02.06.2016)

Competition and product mix adjustment of multi-product exporters : Evidence from Belgium

National Bank of Belgium Working Papers [View] (2016-06, 02.06.2016)

JEL: D21, F14, F41, L11

Added onto the Research Hub on 01.06.2016

Monetary facts revisited

Bank for International Settlements Working papers [View] (2016-06-01, 01.06.2016)

JEL: E31, E42, E51, E52

ECB Unconventional Monetary Policy and the Italian Economy during the Sovereign Debt Crisis

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

JEL: E44, E52, E58

The Transmission of Federal Reserve Tapering News to Emerging Financial Markets

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

JEL: F3, F36, G14

Optimal Inflation Weights in the Euro Area

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

JEL: E52, F41

The Effects of Liquidity Regulation on Bank Assets and Liabilities

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

JEL: E44, G21, G28

The Collateral Trap

Bank for International Settlements Working papers [View] (2016-06-01, 01.06.2016)

JEL: G21

Eurosystem Household Finance and Consumption Survey: Main Results on Assets, Debt, and Saving

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

Household Saving Behavior in the Euro Area

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

JEL: C8, D12, D14, D91

The Distribution of Debt across Euro-Area Countries: The Role of Individual Characteristics, Institutions, and Credit Conditions

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

JEL: D14, G21, G28, K35

How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

JEL: D1, D3

Supranational Supervision: How Much and For Whom?

IJCB International Journal of Central Banking [View] (2016-06, 01.06.2016)

JEL: G21, G28

Added onto the Research Hub on 31.05.2016

The Aino 2.0 model

Bank of Finland Discussion Papers [View] (2016, 31.05.2016)

JEL: C11, C53, E32, E37

Fiscal Consolidation Under Imperfect Credibility

Bank of France Working Papers [View] (2016-05, 31.05.2016)

JEL: E32, F41

Added onto the Research Hub on 28.05.2016

The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit

Bank of Canada Working papers [View] (2016-05-27, 28.05.2016)

JEL: D1, D14, G2, K3, K35

Added onto the Research Hub on 27.05.2016

When preferences for a stable interest rate become self-defeating

Central Bank of Norway (Norges Bank) Working Papers [View] (2016-05-25, 25.05.2016)

JEL: E52, E58

Current Account and Real Exchange Rate changes: the impact of trade openness

Central Bank of Brazil Working Papers [View] (2016-05, 24.05.2016)

JEL: F31, F32

Capital market financing, firm growth, and firm size distribution

European Systemic Risk Board Working papers [View] (2016-03-11, 11.03.2016)

JEL: F65, G00, G10, G31, G32, L25

How excessive is banks maturity transformation?

European Systemic Risk Board Working papers [View] (2016-03-11, 11.03.2016)

JEL: G01, G21, G28

Macroprudential supervision: From theory to policy

European Systemic Risk Board Working papers [View] (2016-02-23, 23.02.2016)

Macro-financial stability under EMU

European Systemic Risk Board Working papers [View] (2016-02-23, 23.02.2016)

Modeling Financial Networks: a feedback approach

Central Bank of Brazil Working Papers [View] (2016-05, 26.05.2016)

JEL: C63, G01, G21, G28

Regime-dependent sovereign risk pricing during the euro crisis

European Systemic Risk Board Working papers [View] (2016-05-02, 02.05.2016)

JEL: C23, E44, F34, G12, H63

Double bank runs and liquidity risk management

European Systemic Risk Board Working papers [View] (2016-04-20, 20.04.2016)

JEL: G01, G21, G28

Bail-in expectations for European banks: Actions speak louder than words

European Systemic Risk Board Working papers [View] (2016-04-12, 12.04.2016)

JEL: G21, G28

Cross-country exposures to the Swiss franc

European Systemic Risk Board Working papers [View] (2016-03-24, 24.03.2016)

Securities trading by banks and credit supply: Micro-evidence from the crisis

European Systemic Risk Board Working papers [View] (2016-03-24, 24.03.2016)

JEL: G01, G21, G28

Monetary policy transmission: the case of Lithuania

Bank of Lithuania Working Papers [View] (2016-05, 26.02.2016)

JEL: C32, C33, E52