Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 01.07.2015

Towards Recoupling? Assessing the Global Impact of a Chinese Hard Landing through Trade and Commodity Price Channels.

Bank of France Working Papers [View] (2015-06, 01.07.2015)

JEL: C32, E17, E32, F44, F47, Q2

Mortgage arrears in Europe: The impact of monetary and macroprudential policies

Swiss National Bank Working Papers [View] (2015-07-01, 01.07.2015)

JEL: D14, E58, G28

Transmission of Quantitative Easing: The Role of Central Bank Reserves

Swiss National Bank Working Papers [View] (2015-07-01, 01.07.2015)

JEL: E43, E52, E58, G12

Is the Intrinsic Value of Macroeconomic News Announcements Related to their Asset Price Impact?

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-30, 30.06.2015)

JEL: E44, G14

Added onto the Research Hub on 29.06.2015

The effects of special economic zones on employment and investment: spatial panel modelling perspective

National Bank of Poland Working papers [View] (2000, 29.06.2015)

JEL: H25, H32, R3

On the importance of the dual labour market for a country within a monetary union

National Bank of Poland Working papers [View] (2000, 29.06.2015)

JEL: C23, F02, J68

Added onto the Research Hub on 28.06.2015

Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays

New York Fed Staff reports [View] (2015-06, 25.06.2015)

JEL: D12, D14, G1, K10

Wealth effects on consumption across the wealth distribution: empirical evidence

European Central Bank Working papers [View] (2015-06-25, 28.06.2015)

JEL: C21, D12, E21

Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-26, 28.06.2015)

JEL: C91, C92, E37, E52

An alternative view of exchange market pressure episodes in emerging Europe: an analysis using Extreme Value Theory (EVT)

European Central Bank Working papers [View] (2015-06-25, 28.06.2015)

JEL: C10, E44, F32, F37, G01

Euro area business cycles in turbulent times: convergence or decoupling?

European Central Bank Working papers [View] (2015-06-26, 28.06.2015)

JEL: C51, E32, O52

Sovereign stress, unconventional monetary policy, and SME access to finance

European Central Bank Working papers [View] (2015-06-26, 28.06.2015)

JEL: D22, E58, G21, H63

Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis

European Central Bank Working papers [View] (2015-06-26, 28.06.2015)

JEL: D92, G01, G21, J23, J31

Financial integration and growth correlation in Sub-Saharan Africa

Bank of France Working Papers [View] (2015-06, 28.06.2015)

JEL: F36, G21, O16

The Impact of Firm Financing Constraints on R&D over the Business Cycle

Bank of Estonia Working papers [View] (2015-06-25, 28.06.2015)

JEL: E32, O16, O32, O52, P23

The Perils of Peer Punishment: Evidence from a Common Pool Resource Experiment

Bank of Mexico Working Papers [View] (2015-06, 28.06.2015)

JEL: C93, D03, O12

Protecting Working-Age People with Disabilities: Experiences of Four Industrialized Nations

San Francisco Fed Working Papers [View] (2015-06, 28.06.2015)

Added onto the Research Hub on 24.06.2015

Monetary policy and sovereign debt vulnerability

Bank of Spain Working Papers [View] (2000-06, 24.06.2015)

JEL: E5, E62, F34

Quantitative effects of the shale oil revolution

Bank of Spain Working Papers [View] (2000-06, 24.06.2015)

JEL: E17, Q41

From Micro to Macro: Demand, Supply, and Heterogeneity in the Trade Elasticity

Bank of France Working Papers [View] (2015-06, 23.06.2015)

JEL: F1

Added onto the Research Hub on 22.06.2015

On the predictability of narrative fiscal adjustments

Bank of Spain Working Papers [View] (2000-06, 22.06.2015)

JEL: E62, H60

Macroeconomic Effects of Banking Sector Losses across Structural Models

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-19, 19.06.2015)

JEL: E32, E44, E47

Slow capital, fast prices: Shocks to funding liquidity and stock price reversals

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-19, 19.06.2015)

Added onto the Research Hub on 19.06.2015

Fiscal consolidation after the Great Recession: the role of composition

Bank of Spain Working Papers [View] (2000-06, 19.06.2015)

JEL: E12, E62, E63, H12

Spillovers and euroscepticism

European Central Bank Working papers [View] (2015-06-19, 19.06.2015)

JEL: D72, E02, F15, H63, J64

Added onto the Research Hub on 18.06.2015

Growth effect of FDI in developing economies: The role of institutional quality

Bank of France Working Papers [View] (2015-06, 18.06.2015)

JEL: C34, F21, F43, O16

VAR for VaR: measuring tail dependence using multivariate regression quantiles

European Central Bank Working papers [View] (2015-06-18, 18.06.2015)

JEL: C13, C14, C32

A new identification of fiscal shocks based on the information flow

European Central Bank Working papers [View] (2015-06-18, 18.06.2015)

JEL: C32, E32, E62

Bancarizing with Credit Cards: Experimental Evidence on Interest Rates and Minimum Payments Elasticities for New Clients

Bank of Mexico Working Papers [View] (2015-06, 18.06.2015)

JEL: D14, D18, D82, G21

Added onto the Research Hub on 17.06.2015

The relationship between structural and cyclical features of the EU financial sector

European Central Bank Working papers [View] (2015-06-17, 17.06.2015)

JEL: E44, E61, G18, G21, G28

Capturing the financial cycle in Europe

European Central Bank Working papers [View] (2015-06-17, 17.06.2015)

JEL: E30, E44, E61

The behaviour of housing developers and aggregate housing supply

National Bank of Poland Working papers [View] (2000, 17.06.2015)

JEL: M2, O18, R31

Covariate-augmented unit root tests with mixed-frequency data

Bank of Portugal Working papers [View] (2015-06, 17.06.2015)

JEL: C12, C15, C22

Banking and currency crises: differential diagnostics for developed countries

European Central Bank Working papers [View] (2015-06-16, 16.06.2015)

JEL: C14, E44, F37, F47, G01

Do banks' overnight borrowing rates lead their CDS Price? evidence from the Eurosystem

European Central Bank Working papers [View] (2015-06-16, 16.06.2015)

JEL: G01, G14, G21

Added onto the Research Hub on 15.06.2015

Has the publication of minutes helped markets to predict the monetary policy decisions of the Bank of England's MPC?

European Central Bank Working papers [View] (2015-06-15, 15.06.2015)

JEL: C34, D78, E52, E58

Does Uncertainty Affect Participation in the European Central Bank's Survey of Professional Forecasters?

European Central Bank Working papers [View] (2015-06-15, 15.06.2015)

JEL: D81, D84, E66

Added onto the Research Hub on 12.06.2015

Default near-the-default-point: the value of and the distance to default

Bank of Spain Working Papers [View] (2000-06, 12.06.2015)

JEL: G13, G21, G28, G33

Staying at Zero with Affine Processes: An Application to Term Structure Modelling

Bank of France Working Papers [View] (2015-06, 12.06.2015)

JEL: E43, G12

Credit market disequilibrium in Greece (2003-2011) - A Bayesian Approach

European Central Bank Working papers [View] (2015-06-12, 12.06.2015)

JEL: C32, D50, E42, E44, G21, G28, P00

Will the True Labor Share Stand Up?

European Central Bank Working papers [View] (2015-06-12, 12.06.2015)

JEL: C82, E25, E32

Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System

St Louis Fed Working Papers [View] (2015-06, 11.06.2015)

JEL: E58, N21, N22

The information content of money and credit for US activity

European Central Bank Working papers [View] (2015-06-11, 11.06.2015)

JEL: E41, E52, E58

Bank bailouts and competition - Did TARP distort competition among sound banks?

European Central Bank Working papers [View] (2015-06-11, 11.06.2015)

JEL: C30, C78, G21, G28, L51

Added onto the Research Hub on 11.06.2015

Innovation and Top Income Inequality

Bank of France Working Papers [View] (2015-06, 11.06.2015)

JEL: D63, J14, J15, O30, O31, O33, O34, O40, O43, O47

Sectoral Change and Labour Productivity Growth during Boom, Bust and Recovery in Central and Eastern Europe

Bank of Estonia Working papers [View] (2015-06-10, 11.06.2015)

JEL: E32, L16, P23

Added onto the Research Hub on 10.06.2015

What has driven inflation dynamics in the Euro area, the United Kingdom and the United States

European Central Bank Working papers [View] (2015-06-10, 10.06.2015)

JEL: C22, C32, E31, E52

BOFIT Discussion Paper 20/2015: The geographic distribution of international currencies and RMB internationalization

Bank of Finland BOFIT Discussion Papers [View] (2015, 10.06.2015)

JEL: F33, F36, G15

Fiscal multipliers and beyond

European Central Bank Occasional papers [View] (2015-06-10, 10.06.2015)

JEL: E6, H30, H60

The Implementation of Stabilization Policy.

Bank of France Working Papers [View] (2015-05, 09.06.2015)

JEL: E52, E61

Added onto the Research Hub on 09.06.2015

Leading indicators of financial stress: New evidence

Netherlands Bank DNB Working Papers [View] (2015-06-09, 09.06.2015)

JEL: E5, G10

Unraveling the skill premium

European Central Bank Working papers [View] (2015-06-09, 09.06.2015)

JEL: J01, J31, O4

The exchange rate, asymmetric shocks and asymmetric distributions

European Central Bank Working papers [View] (2015-06-09, 09.06.2015)

JEL: F14, F31, F41

Communication about future policy rates in theory and practice: A Survey

Netherlands Bank DNB Working Papers [View] (2015-06-09, 09.06.2015)

JEL: E52, E58

Added onto the Research Hub on 08.06.2015

Financial exposure to the euro area before and after the crisis: Home bias and institutions at home

European Central Bank Working papers [View] (2015-06-08, 08.06.2015)

JEL: E2, F3, G11, G15

Capital inflows and euro area long-term interest rates

European Central Bank Working papers [View] (2015-06-08, 08.06.2015)

JEL: E43, E44, F21, F41, G15

Added onto the Research Hub on 05.06.2015

The Income-Achievement Gap and Adult Outcome Inequality

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-04, 05.06.2015)

JEL: C14, C18, I21, I24, J24

The Passthrough of Labor Costs to Price Inflation

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-04, 05.06.2015)

Added onto the Research Hub on 04.06.2015

The Other (Commercial) Real Estate Boom and Bust: The Effects of Risk Premia and Regulatory Capital Arbitrage

Dallas Fed Working Papers [View] (2014, 04.06.2015)

JEL: G12, G18, G21, G23, R33

Small Businesses and Small Business Finance during the Financial Crisis and the Great Recession: New Evidence From the Survey of Consumer Finances

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-03, 04.06.2015)

Achievement Gap Estimates and Deviations from Cardinal Comparability

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-03, 04.06.2015)

JEL: C18, I24

Added onto the Research Hub on 03.06.2015

Scale economies in pension fund investments: A dissection of investment costs across asset classes

Netherlands Bank DNB Working Papers [View] (2015-06-03, 03.06.2015)

JEL: G11, G12, G23

Optimal Government Spending at the Zero Lower Bound: A Non-Ricardian Analysis

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-02, 03.06.2015)

JEL: E32, E52, E61, E62, E63

Added onto the Research Hub on 02.06.2015

BOFIT Discussion Paper 19/2015: Nowcasting and short-term forecasting of Russian GDP with a dynamic factor model

Bank of Finland BOFIT Discussion Papers [View] (2015, 02.06.2015)

JEL: C53, C82, E17

Networks and the dynamics of firms export portfolio

Bank of Spain Working Papers [View] (2000-06, 02.06.2015)

JEL: F1

Regional Heterogeneity and Monetary Policy

New York Fed Staff reports [View] (2015-06, 01.06.2015)

JEL: E21, E52, G21

Balance-Sheet Households and Fiscal Stimulus: Lessons from the Payroll Tax Cut and Its Expiration

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-01, 02.06.2015)

Added onto the Research Hub on 01.06.2015

Systemic Risk and the Solvency-Liquidity Nexus of Banks

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: G01, G21, G28

Multi-Polar Regulation

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: E50, E61, G00, G01, G02, G12, G18, G28

Centrality-Based Capital Allocations

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: C15, C81, G21, G28

Liquidity Hoarding and Inefficient Abundant Funding

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: D53, D82, D86

CEO Compensation, Regulation, and Risk in Banks: Theory and Evidence from the Financial Crisis

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: G21, G38

Capital Regulation in a Macroeconomic Model with Three Layers of Default

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: E3, E44, G01, G21

Large Banks, Loan Rate Markup, and Monetary Policy

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: E32, E44, E52, G21

The Road to Financial Stability: Capital Regulation, Liquidity Regulation, and Resolution

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: E58, G28

Did the EBA Capital Exercise Cause a Credit Crunch in the Euro Area?

IJCB International Journal of Central Banking [View] (2015-09, 01.06.2015)

JEL: C21, E51, G21, G28

Optimal Monetary Policy at the Zero Lower Bound

St Louis Fed Working Papers [View] (2015-05, 30.05.2015)

JEL: E4, E5

Banks are not intermediaries of loanable funds

Bank of England Working papers [View] (2015-05-29, 29.05.2015)

JEL: E44, E52, G21

Forecasting with VAR models: fat tails and stochastic volatility

Bank of England Working papers [View] (2015-05-29, 29.05.2015)

JEL: C11, C32, C52

A Model of Wage and Employment Effects of Service Offshoring

Bank of Mexico Working Papers [View] (2015-05, 30.05.2015)

JEL: J24, L24

Added onto the Research Hub on 29.05.2015

Money and Velocity During Financial Crisis: From the Great Depression to the Great Recession

Dallas Fed Working Papers [View] (2014, 29.05.2015)

JEL: G11

Real estate markets and macroprudential policy in Europe

European Central Bank Working papers [View] (2015-05-28, 28.05.2015)

JEL: E5, G01, G17, G28, R39

Bank bias in Europe: effects on systemic risk and growth

European Central Bank Working papers [View] (2015-05-28, 28.05.2015)

JEL: G01, G02

Segregated Balance Accounts

New York Fed Staff reports [View] (2015-05, 28.05.2015)

JEL: E40, E42, E50, E58

Added onto the Research Hub on 28.05.2015

Dividend Taxes and Stock Volatility

Board of Governors of the Federal Reserve System FEDS series [View] (2015-05-27, 28.05.2015)

Added onto the Research Hub on 27.05.2015

Lack of confidence, the zero lower bound, and the virtue of fiscal rules

European Central Bank Working papers [View] (2015-05-27, 27.05.2015)

JEL: E52, E62

Added onto the Research Hub on 26.05.2015

Physician Competition and the Provision of Care: Evidence from Heart Attacks

San Francisco Fed Working Papers [View] (2015-05, 23.05.2015)

Ambiguity in Securitization Markets

Board of Governors of the Federal Reserve System FEDS series [View] (2015-05-22, 23.05.2015)

JEL: E44, G01, G21, G28

On Default and Uniqueness of Monetary Equilibria

Board of Governors of the Federal Reserve System FEDS series [View] (2015-05-22, 23.05.2015)

JEL: D5, E4, E5

Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News

Board of Governors of the Federal Reserve System FEDS series [View] (2015-05-22, 23.05.2015)

JEL: C25, D84, E31, E52, E58

Added onto the Research Hub on 22.05.2015

Granger causality and regime inference in Bayesian Markov-Switching VARs

European Central Bank Working papers [View] (2015-05-22, 22.05.2015)

JEL: C11, C12, C32, C53, E32

Collateral damage? Micro-simulation of transaction cost shocks on the value of central bank collateral

European Central Bank Working papers [View] (2015-05-22, 22.05.2015)

JEL: C15, E59, G12

Added onto the Research Hub on 21.05.2015

Self-fulfilling Runs: Evidence from the U.S. Life Insurance Industry

Board of Governors of the Federal Reserve System FEDS series [View] (2015-05, 21.05.2015)

JEL: G01, G14, G22

What Drives the Global Interest Rate

Dallas Fed Institute Working Papers [View] (2013-05, 20.05.2015)

JEL: E44, E50, Q43

Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis

Dallas Fed Institute Working Papers [View] (2013-05, 20.05.2015)

JEL: C32, E17, F44, O53, Q43

Added onto the Research Hub on 20.05.2015

The risk management approach to monetary policy, nonlinearity and aggressiveness: the case of the US Fed

European Central Bank Working papers [View] (2015-05-20, 20.05.2015)

JEL: C24, C51, E52

Central bank balance sheet policies and inflation expectations

Netherlands Bank DNB Working Papers [View] (2015-05-20, 20.05.2015)

JEL: E52, E58

Profit shifting through transfer pricing: evidence from French firm level trade data.

Bank of France Working Papers [View] (2015-05, 20.05.2015)

JEL: F14, F23, H25, H26, H32

Supervising Large, Complex Financial Companies: What Do Supervisors Do?

New York Fed Staff reports [View] (2015-05, 19.05.2015)

JEL: G21, G28

Added onto the Research Hub on 19.05.2015

Interest rates, money, and banks in an estimated euro area model

European Central Bank Working papers [View] (2015-05-19, 19.05.2015)

JEL: E32, E52