Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 21.09.2017

International Spillovers of (Un)Conventional Monetary Policy: The Effect of the ECB and US Fed on Non-Euro EU Countries

Czech National Bank Working papers [View] (2017-09, 21.09.2017)

JEL: E52, E58

An integrated shortfall measure for Basel III

Deutsche Bundesbank Discussion Papers [View] (2017-09-21, 21.09.2017)

JEL: C61, G21

Business cycle synchronisation in a currency union : Taking stock of the evidence

Bank of Finland Discussion Papers [View] (2017-09-20, 20.09.2017)

JEL: E32, F42

A Counterfactual Valuation of the Stock Index as a Predictor of Crashes

Bank of Canada Working papers [View] (2017-09-20, 21.09.2017)

JEL: C50, C58, G12, G17, G19

Aggregate Fluctuations and the Role of Trade Credit

Bank of Canada Working papers [View] (2017-09-20, 21.09.2017)

JEL: E32, E44, E51

Added onto the Research Hub on 20.09.2017

Asset returns, news topics, and media effects

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-09-20, 20.09.2017)

JEL: C5, C8, G12

Added onto the Research Hub on 19.09.2017

The impact of the mortgage interest and capital deduction scheme on the Belgian mortgage market

National Bank of Belgium Working Papers [View] (2017-09, 19.09.2017)

JEL: G21, H24, H31

Early Warning Systems with Real-Time Data

Bank of Mexico Working Papers [View] (2017-09, 19.09.2017)

JEL: C23, E47, E58, F31, G01

Added onto the Research Hub on 18.09.2017

FX swaps and forwards: missing global debt?

Bank for International Settlements Quarterly Review [View] (2017-09, 17.09.2017)

JEL: F31, F34, F41

Central bank cryptocurrencies

Bank for International Settlements Quarterly Review [View] (2017-09, 17.09.2017)

JEL: E41, E42, E51, E58

What are the effects of macroprudential policies on macroeconomic performance?

Bank for International Settlements Quarterly Review [View] (2017-09, 17.09.2017)

JEL: G10, G21, O16, O40

Green bond finance and certification

Bank for International Settlements Quarterly Review [View] (2017-09, 17.09.2017)

JEL: G24, O16, Q50

Added onto the Research Hub on 15.09.2017

The Eurosystem's asset purchase programme and TARGET balances

European Central Bank Occasional papers [View] (2017-09, 15.09.2017)

JEL: E58, F32, G02

Added onto the Research Hub on 14.09.2017

The Rise of Non-Regulated Financial Intermediaries in the Housing Sector and its Macroeconomic Implications

Bank of Canada Working papers [View] (2017-09-14, 14.09.2017)

JEL: E32, E44, E47, E60, G21, G23, G28

Added onto the Research Hub on 13.09.2017

Household debt burden and financial vulnerability in Luxembourg

Central Bank of Luxembourg Working Papers [View] (2017-09, 13.09.2017)

JEL: D10, D14, G21

What Drives Gross Flows in Equity and Investment Fund Shares in Luxembourg?

Central Bank of Luxembourg Working Papers [View] (2017-08, 13.09.2017)

JEL: C51, F3, F37, G15

Added onto the Research Hub on 12.09.2017

Corporate debt and investment: a firm level analysis for stressed euro area countries

European Central Bank Working papers [View] (2017-09, 01.09.2017)

JEL: E22, F34, G31, G32

More than a feeling: confidence, uncertainty and macroeconomic fluctuations

European Central Bank Working papers [View] (2017-09, 01.09.2017)

JEL: E32, F44, G15

Added onto the Research Hub on 11.09.2017

Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?

Bank of Canada Working papers [View] (2017-09-11, 11.09.2017)

JEL: Q18, Q28, Q42, Q58

Household spending out of a tax rebate: Italian "€80 tax bonus"

European Central Bank Working papers [View] (2017-09, 01.09.2017)

JEL: D12, E21

The Property Ladder after the Financial Crisis: The First Step is a Stretch but Those Who Make It Are Doing OK

Reserve Bank of Australia Research Discussion Papers [View] (2017-09, 01.09.2017)

JEL: D10, R21

Macroprudential policies in a low interest-rate environment

Reserve Bank of New Zealand Discussion Papers [View] (2017-09-11, 11.09.2017)

JEL: E44, E58, R32

Added onto the Research Hub on 08.09.2017

Did QE Lead Banks to Relax Their Lending Standards? Evidence from the Federal Reserve's LSAPs

Board of Governors of the Federal Reserve System FEDS series [View] (2017-09-06, 06.09.2017)

JEL: E43, E52, G21

Do negative interest rates make banks less safe?

European Central Bank Working papers [View] (2017-09, 01.09.2017)

JEL: G20, G21

Firm heterogeneity and aggregate business services exports: micro evidence from Belgium, France, Germany and Spain

European Central Bank Working papers [View] (2017-09, 01.09.2017)

JEL: F14

Added onto the Research Hub on 07.09.2017

The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects

Bank of Mexico Working Papers [View] (2017-09, 07.09.2017)

JEL: E52, E58, G01, G21, G28

Added onto the Research Hub on 06.09.2017

Disability benefits, consumption insurance, and household labor supply

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-09-06, 06.09.2017)

JEL: H53, I38, J62

Segmented money markets and covered interest parity arbitrage

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-09-06, 06.09.2017)

JEL: E43, F31, G15

Exchange rates, interest rates and the global carry trade

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-09-06, 06.09.2017)

JEL: F3, F4, G1

Monopoly without a monopolist : An economic analysis of the bitcoin payment system

Bank of Finland Discussion Papers [View] (2017-09-05, 05.09.2017)

JEL: D20, D40, L10, L50

Q, investment, and the financial cycle

Bank of Finland Discussion Papers [View] (2017-09-02, 02.09.2017)

JEL: C49, E22, G31

Added onto the Research Hub on 02.09.2017

Savvy parent, savvy child? Intergenerational correlations in returns to financial wealth

Bank of Finland Discussion Papers [View] (2017-09-01, 01.09.2017)

JEL: D63, G11

Lending without creditor rights, collateral, or reputation : The "trusted assistant" loan in 19th century China

Bank of Finland BOFIT Discussion Papers [View] (2017-08-29, 29.08.2017)

JEL: D86, G21, N25

Added onto the Research Hub on 01.09.2017

Firm-Specific Risk-Neutral Distributions : The Role of CDS Spreads

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-08-31, 31.08.2017)

JEL: G12, G13, G14

Finance and Inequality : The Distributional Impacts of Bank Credit Rationing

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-08-31, 31.08.2017)

JEL: G21, G28, O16

Added onto the Research Hub on 31.08.2017

How Have Banks Been Managing the Composition of High-Quality Liquid Assets?

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-30, 30.08.2017)

JEL: E51, E58, G21, G28

Effects of capital controls on foreign exchange liquidity

Bank for International Settlements Working papers [View] (2017-08, 01.08.2017)

JEL: F31, F38, G11, G15

Informal one-sided target zone model and the Swiss franc

Bank for International Settlements Working papers [View] (2017-08, 01.08.2017)

JEL: C61, E42, F31

How important is the Global Financial Cycle? Evidence from capital flows

Bank for International Settlements Working papers [View] (2017-08, 01.08.2017)

JEL: F32, F36, F65, G15

Competition and credit procyclicality in European banking

Bank of Estonia Working papers [View] (2017-08-31, 31.08.2017)

JEL: C33, D40, E32, E51, G20

Optimal trend inflation

Deutsche Bundesbank Discussion Papers [View] (2017-08-31, 31.08.2017)

JEL: E31, E32, E52

Euro area banks' interest rate risk exposure to level, slope and curvature swings in the yield curve

Deutsche Bundesbank Discussion Papers [View] (2017-08-31, 31.08.2017)

JEL: C11, C51, C55

Modeling Time-Varying Uncertainty of Multiple-Horizon Forecast Errors

St Louis Fed Working Papers [View] (2017-08-28, 28.08.2017)

JEL: C32, C53, E47

Leaning Against the Credit Cycle

San Francisco Fed Working Papers [View] (2017-08-30, 30.08.2017)

JEL: E32, E44, E52

Added onto the Research Hub on 30.08.2017

Employment, Wages and Optimal Monetary Policy

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-29, 29.08.2017)

JEL: E52

Total Factors Productivity Growth in Central and Eastern Europe before, during and after the Global Financial Crisis

Bank of Estonia Working papers [View] (2017-08-30, 30.08.2017)

JEL: F43, O47

Added onto the Research Hub on 29.08.2017

Banking sector concentration, competition and financial stability: the case of the Baltic countries

Bank of Estonia Working papers [View] (2017-08-29, 29.08.2017)

JEL: G21, G28, G32, L51

Quality Pricing-to-Market

Bank for International Settlements Working papers [View] (2017-08, 01.08.2017)

JEL: E3, E41, F12, F4, L13

The Distance Effect in Banking and Trade

Bank for International Settlements Working papers [View] (2017-08, 01.08.2017)

JEL: F14, F34, F65, G21

Added onto the Research Hub on 26.08.2017

Improving the 30-Year Fixed-Rate Mortgage

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-25, 25.08.2017)

JEL: G21, G28, R31, R38

Added onto the Research Hub on 25.08.2017

Home, safe home: cross-country monitoring framework for vulnerabilities in the residential real estate sector

European Central Bank Working papers [View] (2017-08-25, 25.08.2017)

JEL: C53, E32, R31

The financial market effects of the ECB's asset purchase programs

Deutsche Bundesbank Discussion Papers [View] (2017-08-25, 25.08.2017)

JEL: C32, E44, E52, E58

Added onto the Research Hub on 24.08.2017

Credit Enforcement Cycles

Philadelphia Fed Working Papers [View] (2017-08-21, 21.08.2017)

JEL: D82, D84, D86, G21, O16, O17, O43

Political Distribution Risk and Aggregate Fluctuations

Philadelphia Fed Working Papers [View] (2017-08-21, 21.08.2017)

JEL: E32, E37, E44, J20

Do Phillips Curves Conditionally Help to Forecast Inflation?

Philadelphia Fed Working Papers [View] (2017-08-21, 21.08.2017)

JEL: C53, E37

The Treasury Market Practices Group: creation and early initiatives

New York Fed Staff reports [View] (2017-08-01, 01.08.2017)

JEL: E58, G20, N22

Added onto the Research Hub on 23.08.2017

Whose Child Is This? Shifting of Dependents Among EITC Claimants Within the Same Household

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-22, 22.08.2017)

JEL: D10, H24, H26, H31, H53

Forward-looking and Incentive-compatible Operational Risk Capital Framework

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-22, 22.08.2017)

JEL: G21, G28, G32

The Timing of Mass Layoff Episodes : Evidence from U.S. Microdata

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-22, 22.08.2017)

JEL: E24, J21, J63

Bank Credit Allocation and Sectorial Concentration in Mexico: Some Empirical Evidence

Bank of Mexico Working Papers [View] (2017-08, 23.08.2017)

JEL: E51, J24, L13

Is fiscal policy more effective in uncertain times or during recessions?

Bank of Spain Working Papers [View] (2017-08, 23.08.2017)

JEL: C32, E32, E62

Costly decisions and sequential bargaining

Bank of Spain Working Papers [View] (2017-08, 23.08.2017)

JEL: C72, C78, D81

Spillovers from the ECB's non-standard monetary policy measures on south-eastern Europe

European Central Bank Working papers [View] (2017-08-23, 23.08.2017)

JEL: C11, C32, E52, F42

Subsidising car purchases in the euro area: any spill-over on production?

European Central Bank Working papers [View] (2017-08-23, 23.08.2017)

JEL: C32, C54, E23, E62, H25

Financial development, rule of law and wealth inequality : Bayesian model averaging evidence

Bank of Finland BOFIT Discussion Papers [View] (2017-08-21, 21.08.2017)

JEL: G10, G20

Added onto the Research Hub on 22.08.2017

Calibrating Macroprudential Policy to Forecasts of Financial Stability

San Francisco Fed Working Papers [View] (2017-08-14, 14.08.2017)

JEL: G17, G18, G28

Added onto the Research Hub on 21.08.2017

Which indicators matter? Analyzing the Swiss business cycle using a large-scale mixed-frequency dynamic factor model

Swiss National Bank Working Papers [View] (2017-08-21, 21.08.2017)

JEL: C32, C38, C53, C55, E32

International inflation spillovers - the role of different shocks

Swiss National Bank Working Papers [View] (2017-08-21, 21.08.2017)

JEL: C11, C32, E31, E52, F62

Added onto the Research Hub on 18.08.2017

Managing Counterparty Risk in OTC Markets

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-15, 15.08.2017)

JEL: G11, G12, G21

Oil Price Pass-Through into Core Inflation

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-17, 17.08.2017)

JEL: C32, E31, E32, Q43

The Effect of Interest Rates on Home Buying : Evidence from a Discontinuity in Mortgage Insurance Premiums

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-17, 17.08.2017)

JEL: E52, G18, R21, R28

Does Extreme Rainfall Lead to Heavy Economic Losses in the Food Industry?

Central Bank of Brazil Working Papers [View] (2017-08, 18.08.2017)

JEL: G12, G31

Monetary policy, stock market and sectoral comovement

Bank of Spain Working Papers [View] (2017-08, 18.08.2017)

JEL: C32, E44, G12

Optimal Ramsey Capital Income Taxation -A Reappraisal

St Louis Fed Working Papers [View] (2017-08-18, 18.08.2017)

JEL: E13, E62, H21, H30

Why Are Banks Not Recapitalized During Crises?

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-16, 16.08.2017)

JEL: E44, F33, G21, G28

Cross-Border Bank Flows and Monetary Policy: Implications for Canada

Bank of Canada Working papers [View] (2017-08-17, 18.08.2017)

JEL: F34, F36, G01

Added onto the Research Hub on 17.08.2017

Liquidity in the Repo Market

Swiss National Bank Working Papers [View] (2017-08-17, 17.08.2017)

JEL: G01, G12, G21

Enforceability of non-complete agreements : When does state stifle productivity?

Bank of Finland Discussion Papers [View] (2017-08-16, 16.08.2017)

JEL: J61, K2, O31

Added onto the Research Hub on 16.08.2017

Identifying Contagion in a Banking Network

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-15, 15.08.2017)

JEL: G21, G23, L14

A new approach to modelling banks' equity volatility: Adding time-to-maturity jumps

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-08-16, 16.08.2017)

JEL: C32, G01, G12, G21, G32

Import competition and household debt

New York Fed Staff reports [View] (2017-08-15, 15.08.2017)

JEL: D14, F6, G21

Added onto the Research Hub on 15.08.2017

Systemic Risk in Financial Systems: a feedback approach

Central Bank of Brazil Working Papers [View] (2017-08, 15.08.2017)

JEL: C63, G01, G21, G28

Added onto the Research Hub on 14.08.2017

Modelling Fire Sales From Regulatory Cliff Effects

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-08-08, 14.08.2017)

JEL: G21, G28

Added onto the Research Hub on 12.08.2017

On the effect of business and economic university education on political ideology : An empirical note

Bank of Finland Discussion Papers [View] (2017-08-11, 11.08.2017)

JEL: D72, I21, M2

Real effects of bank capital regulations : Global evidence

Bank of Finland Discussion Papers [View] (2017-08-12, 12.08.2017)

JEL: E6, G21, G28, O4

Efficiency and dependency in a network of linked permit markets

Bank of Finland Discussion Papers [View] (2017-08-09, 09.08.2017)

JEL: D41, F13, L14, Q54, Q58

Does social capital matter in corporate decisions? Evidence from corporate tax avoidance

Bank of Finland Discussion Papers [View] (2017-08-10, 10.08.2017)

JEL: A13, H26, M40, M41, Z13

Added onto the Research Hub on 11.08.2017

Monetary Policy in a Low Interest Rate World

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-10, 10.08.2017)

JEL: E52, E58

FinTech and Financial Innovation : Drivers and Depth

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-10, 10.08.2017)

JEL: G10, G18, G28

Added onto the Research Hub on 10.08.2017

The Effect of Bank Supervision on Risk Taking : Evidence from a Natural Experiment

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-09, 09.08.2017)

JEL: G01, G21, G28

Optimal Estimation of Multi-Country Gaussian Dynamic Term Structure Models Using Linear Regressions

Bank of Canada Working papers [View] (2017-08-10, 10.08.2017)

JEL: E43, F31, G12, G15

The risk-taking channel of monetary policy in the US : Evidence from corporate loan data

Bank of Finland Discussion Papers [View] (2017-08-07, 07.08.2017)

JEL: E43, E52, G01, G21

Secrecy, information shocks, and corporate investment : Evidence from European Union countries

Bank of Finland Discussion Papers [View] (2017-08-08, 08.08.2017)

JEL: D82, G31, M41

Added onto the Research Hub on 09.08.2017

Firm Leverage, Labor Market Size, and Employee Pay

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-08, 08.08.2017)

JEL: G32, J31

The propagation of industrial business cycles

Bank of Spain Working Papers [View] (2017-08, 09.08.2017)

JEL: C22, E27, E32

Added onto the Research Hub on 08.08.2017

The profitability of banks in a context of negative monetary policy rates: the cases of Sweden and Denmark

European Central Bank Occasional papers [View] (2017-08, 01.08.2017)

JEL: E58

Do managerial risk-taking incentives influence firms' exchange rate exposure?

Bank of Finland Discussion Papers [View] (2017-08-05, 05.08.2017)

JEL: G32

The impacts of intellectual property rights protection on cross-border M

Bank of Finland Discussion Papers [View] (2017-08-06, 06.08.2017)

JEL: C23, F43, G32, G34, O31, O34

Added onto the Research Hub on 07.08.2017

Foreign Currency Debt and Fixed Exchange Rate Regimes: the importance of implicit guarantees against currency devaluations

Central Bank of Brazil Working Papers [View] (2017-08, 07.08.2017)

JEL: F31, F34, G15, G18

World changes in inequality: an overview of facts, causes, consequences and policies

Bank for International Settlements Working papers [View] (2017-08-07, 07.08.2017)

JEL: D31, D33, F60, H24