Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 05.03.2015

Business Cycle Fluctuations and the Distribution of Consumption

New York Fed Staff reports [View] (2015-03, 05.03.2015)

JEL: C3, D12, E21, E63

Discussion Paper 5/2015: Bonus caps, deferrals and bankers' risk-taking

Bank of Finland Discussion Papers [View] (2015, 04.03.2015)

Added onto the Research Hub on 04.03.2015

Informational Contagion in the Laboratory

New York Fed Staff reports [View] (2015-03, 04.03.2015)

JEL: C92, G01, G14, G15

Added onto the Research Hub on 03.03.2015

Real exchange rate persistence: The case of the Swiss franc-US dollar rate

Swiss National Bank Working Papers [View] (2015-03, 03.03.2015)

JEL: C32, C51, F31

Discussion Paper 4/2015: Relevance of uncertainty on the volatility and trading volume in the US Treasury bond futures market

Bank of Finland Discussion Papers [View] (2015, 02.03.2015)

Market reactions to the ECB's Comprehensive Assessment

Netherlands Bank DNB Working Papers [View] (2015-03, 02.03.2015)

JEL: G21, G28

Added onto the Research Hub on 02.03.2015

Sovereign Risk, European Crisis-Resolution Policies, and Bond Spreads

IJCB International Journal of Central Banking [View] (2015-06, 02.03.2015)

JEL: E42, F34, G15

Central Banks' Quasi-Fiscal Policies and Inflation

IJCB International Journal of Central Banking [View] (2015-03, 02.03.2015)

JEL: E31, E58, E63

On the Slope and the Persistence of the Italian Phillips Curve

IJCB International Journal of Central Banking [View] (2015-06, 02.03.2015)

JEL: E31, E32

Do Publicly Owned Banks Lend Against the Wind?

IJCB International Journal of Central Banking [View] (2015-03, 02.03.2015)

JEL: G21, G28, G32, H44

Real-Time Model Uncertainty in the United States: "Robust" Policies Put to the Test

IJCB International Journal of Central Banking [View] (2015-03, 02.03.2015)

JEL: C5, C6, E37, E5

Aggregate Effects of a Universal Social Insurance Fiscal Reform

Bank of Mexico Working Papers [View] (2015-02, 28.02.2015)

JEL: E62, H55, O17, O47

Estimating Capital Flows to Emerging Market Economies with Heterogeneous Panels

Bank of Mexico Working Papers [View] (2015-02, 28.02.2015)

JEL: C33, F21, F3, G15

The Equity Risk Premium: A Review of Models

New York Fed Staff reports [View] (2015-02, 27.02.2015)

JEL: C58, G00, G12, G17

How Mortgage Finance Affects the Urban Landscape

New York Fed Staff reports [View] (2015-02, 27.02.2015)

JEL: G21, R21, R31

Added onto the Research Hub on 27.02.2015

Assessing the CNH-CNY pricing differential: role of fundamentals, contagion and policy

Bank for International Settlements Working papers [View] (2015-02, 27.02.2015)

JEL: C22, C52, F31

Loss shocks and the quantity and price of private export credit insurance: Evidence from a global insurer

Netherlands Bank DNB Working Papers [View] (2015-02, 26.02.2015)

JEL: F14, G01, G20

Added onto the Research Hub on 26.02.2015

Bank and Sovereign Risk Feedback Loops

Dallas Fed Institute Working Papers [View] (2015-02, 26.02.2015)

JEL: E58, G21, G28, H63

The Asymmetric Effects of Deflation on Consumption Spending: Evidence from the Great Depression

Dallas Fed Institute Working Papers [View] (2015-02, 26.02.2015)

JEL: E20, N10

The Global Component of Local Inflation: Revisiting the Empirical Content of the Global Slack Hypothesis with Bayesian Methods

Dallas Fed Institute Working Papers [View] (2015-02, 26.02.2015)

JEL: C11, C13, F41

Added onto the Research Hub on 25.02.2015

Litigation in Spain 2001-2010: Exploring the market for legal services

Bank of Spain Working Papers [View] (2015-02, 25.02.2015)

JEL: J44, K41, K42, L84

Domestic Bond Markets and Inflation

San Francisco Fed Working Papers [View] (2015-02, 25.02.2015)

JEL: E52, E58

Added onto the Research Hub on 24.02.2015

A dynamic network model of the unsecured interbank lending market

Netherlands Bank DNB Working Papers [View] (2015-02, 24.02.2015)

JEL: C33, C51, E52, G01, G21

Added onto the Research Hub on 20.02.2015

Interactions among high-frequency traders

Bank of England Working papers [View] (2015-02, 20.02.2015)

JEL: G10, G12, G14

On a tight leash: does bank organisational structure matter for macroprudential spillovers?

Bank of England Working papers [View] (2015-02, 20.02.2015)

JEL: E51, E58, G21, G28

Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations

New York Fed Staff reports [View] (2015-02, 20.02.2015)

JEL: E52, E58, G21, G23

Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination

Richmond Fed Working Papers [View] (2015-02, 19.02.2015)

JEL: C92, G14, G28

Added onto the Research Hub on 19.02.2015

Real wage responsiveness to unemployment in Spain: asymmetries along the business cycle

Bank of Spain Working Papers [View] (2015-02, 19.02.2015)

JEL: E32, J31

Does Medicare Part D Save Lives?

San Francisco Fed Working Papers [View] (2015-02, 19.02.2015)

Added onto the Research Hub on 18.02.2015

Exchange Rate Pass-Through to Prices: VAR Evidence for Chile

Central Bank of Chile Working Papers [View] (2015-02, 17.02.2015)

Dissent in FOMC Meeting and the Announcement Drift

Central Bank of Chile Working Papers [View] (2015-02, 17.02.2015)

A New Liquidity Risk Measure for the Chilean Banking Sector

Central Bank of Chile Working Papers [View] (2015-02, 17.02.2015)

Spain: from immigration to emigration?

Bank of Spain Working Papers [View] (2000-02, 18.02.2015)

JEL: F22, J61, J64

The Labor Wedge: New Facts Based on US Microdata

Central Bank of Chile Working Papers [View] (2015-02, 17.02.2015)

Nominal Term Structure and Term Premia: Evidence from Chile

Central Bank of Chile Working Papers [View] (2015-02, 17.02.2015)

Anxiety, Overconfidence, and Excessive Risk Taking

New York Fed Staff reports [View] (2015-02, 18.02.2015)

JEL: A12, D81, D83, D84

Added onto the Research Hub on 16.02.2015

Endogenous Volatility at the Zero Lower Bound: Implications for Stabilization Policy

Kansas City Fed Working Papers [View] (2015-01, 14.02.2015)

JEL: E32, E52

Added onto the Research Hub on 14.02.2015

Financial market reform - A new driver for China's economic growth?

Bank of Finland BOFIT Discussion Papers [View] (2015, 13.02.2015)

JEL: C68, G1, G38, O1

Which financial stocks did short sellers target in the subprime crisis?

Bank of Finland Discussion Papers [View] (2015, 13.02.2015)

JEL: G01, G14, G18, G28, G33

Added onto the Research Hub on 13.02.2015

The internationalization of the RMB, capital market openness, and financial reforms in China

Bank of Finland BOFIT Discussion Papers [View] (2015, 13.02.2015)

JEL: E6, F3, F4, F6, O2, O4

The Elasticity of Poverty with respect to Sectoral Growth in Africa.

Bank of France Working Papers [View] (2015-02, 12.02.2015)

JEL: I32, J21, O40

Added onto the Research Hub on 12.02.2015

The biofuel connection: impact of US regulation on oil and food prices

Bank for International Settlements Working papers [View] (2015-02, 12.02.2015)

JEL: H23, O13, Q16, Q48

Bank competition and credit booms

Bank for International Settlements Working papers [View] (2015-02, 12.02.2015)

JEL: D82, D86, E51, E52, G21

Liquidity and growth: the role of counter-cyclical interest rates

Bank for International Settlements Working papers [View] (2015-02, 12.02.2015)

JEL: E32, E43, E52

Why did bank lending rates diverge from policy rates after the financial crisis?

Bank for International Settlements Working papers [View] (2015-02, 12.02.2015)

JEL: E43, E52, G21

Corporate Debt Structure and the Financial Crisis

European Central Bank Working papers [View] (2015-02, 12.02.2015)

JEL: C68, E32, E44, G23

Why does financial sector growth crowd out real economic growth?

Bank for International Settlements Working papers [View] (2015-02, 12.02.2015)

JEL: D92, E22, E44, O4

The impact of the global financial crisis on banking globalization

Netherlands Bank DNB Working Papers [View] (2015-02, 12.02.2015)

JEL: F21, F23, G21

Added onto the Research Hub on 10.02.2015

Efficiency, Inefficiency and the MENA Frontier

European Central Bank Working papers [View] (2015-02, 10.02.2015)

JEL: C33, C38, C55, D24, E23, O11

Added onto the Research Hub on 09.02.2015

Can demography affect inflation and monetary policy?

Bank for International Settlements Working papers [View] (2015-02, 09.02.2015)

JEL: E31, E52, J11

Added onto the Research Hub on 07.02.2015

The four unions "PIE" on the Monetary Union "CHERRY": a new index of European Institutional Integration

European Central Bank Occasional papers [View] (2015-02, 06.02.2015)

JEL: F33, F42, N24

Added onto the Research Hub on 05.02.2015

Credit Supply and the Housing Boom

New York Fed Staff reports [View] (2015-02, 05.02.2015)

JEL: E32, E44

What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?

New York Fed Staff reports [View] (2015-02, 05.02.2015)

JEL: E24, J24, J31

Added onto the Research Hub on 04.02.2015

Rehypothecation

St Louis Fed Working Papers [View] (2015-02, 04.02.2015)

JEL: E4, E5

Discussion Paper 2/2015: Shifts in euro area Beveridge curves and their determinants

Bank of Finland Discussion Papers [View] (2015-02, 03.02.2015)

JEL: E24, E32, J62, J63

Added onto the Research Hub on 03.02.2015

FINANCE FOR ALL: THE IMPACT OF FINANCIAL LITERACY TRAINING

Bank of Spain Working Papers [View] (2015, 03.02.2015)

JEL: D14, I22

Labour Force Participation and Tax-Benefit Systems: A Cross-Country Comparative Perspective

Bank of France Working Papers [View] (2015-02, 03.02.2015)

JEL: C63, H24, I38, P50

From progress to nightmare - European regional unemployment over time

Netherlands Bank DNB Working Papers [View] (2015-01, 02.02.2015)

JEL: C14, R12, R23

Added onto the Research Hub on 30.01.2015

Firm Turnover and Inflation Dynamics

Bank of Estonia Working papers [View] (2015-01, 23.01.2015)

JEL: C11, E23, E32

Large Excess Reserves in the United States: A View from the Cross-Section of Banks

IJCB International Journal of Central Banking [View] (2015-03, 24.01.2015)

JEL: E44, E58, G21

Risk Shifting with Fuzzy Capital Constraints

IJCB International Journal of Central Banking [View] (2015-03, 24.01.2015)

JEL: E52, G14, G21

Ordering Policy Rules with an Unconditional Welfare Measure

IJCB International Journal of Central Banking [View] (2015-03, 24.01.2015)

JEL: E20, E32, F32, F41

Responses to the Financial Crisis, Treasury Debt and the Impact on Short-Term Money Markets

IJCB International Journal of Central Banking [View] (2015-03, 24.01.2015)

JEL: E52, E63, G01

How Monetary Policy Is Made: Two Canadian Tales

IJCB International Journal of Central Banking [View] (2015-03, 24.01.2015)

JEL: E43, E52, E58, E61, E69

The Comeback of Inflation as an Optimal Public Finance Tool

IJCB International Journal of Central Banking [View] (2015-03, 24.01.2015)

JEL: E24, E52, E58, J51

Global liquidity, house prices and the macroeconomy: evidence from advanced and emerging economies

Bank of England Working papers [View] (2015-01, 24.01.2015)

JEL: C32, E44, F44

Who gains from credit granted between firms? Evidence from inter-corporate loan announcements made in China

Bank of Finland BOFIT Discussion Papers [View] (2015, 26.01.2015)

JEL: G30

How frequently should we re-estimate DSGE models?

National Bank of Poland Working papers [View] (2014, 24.01.2015)

JEL: C53, E37

Imbalances and Rebalancing in an Estimated Structural Model for Spain

IJCB International Journal of Central Banking [View] (2015-03, 24.01.2015)

JEL: E21, E62, F32

Discovering the signs of Dutch disease in Russia

Bank of Finland BOFIT Discussion Papers [View] (2015, 26.01.2015)

JEL: C32, F41, F43

The net stable funding ratio requirement when money is endogenous

Bank of Finland Discussion Papers [View] (2015, 27.01.2015)

JEL: E51, G21, G28

Macroeconomic consequences of the real-financial nexus: Imbalances and spillovers between China and the U.S.

Bank of Finland BOFIT Discussion Papers [View] (2015, 26.01.2015)

JEL: C32, E52, E58

Bank capital shock propagation via syndicated interconnectedness

Bank for International Settlements Working papers [View] (2015-01, 27.01.2015)

JEL: E32, E44, E52, G12, G20

Pegging the Exchange Rate to Gain Monetary Policy Credibility

Dallas Fed Institute Working Papers [View] (2015-01, 27.01.2015)

JEL: E30, E50, F40

Scarcity of Safe Assets, Inflation, and the Policy Trap

St Louis Fed Working Papers [View] (2015-01, 28.01.2015)

Shock Transmission through International Banks: Austria

Austrian National Bank Working Papers [View] (2015-01, 27.01.2015)

JEL: E44, F30, G18, G21, G32

The Effect of Extended Unemployment Insurance Benefits: Evidence from the 2012-2013 Phase-Out

San Francisco Fed Working Papers [View] (2015-01, 29.01.2015)

Added onto the Research Hub on 23.01.2015

Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach

San Francisco Fed Working Papers [View] (2015-01, 23.01.2015)

JEL: D84, E32, E44, G12, O40, R31

Added onto the Research Hub on 22.01.2015

Spillovers from Euro Area and U.S. Credit and Demand Shocks: Comparing Emerging Europe on the Basis of a GVAR Model

Austrian National Bank Working Papers [View] (2014-10, 22.01.2015)

JEL: C32, E32, F44, O54

Trilemmas and trade-offs: living with financial globalisation

Bank for International Settlements Working papers [View] (2015-01, 22.01.2015)

JEL: F33, F36, F42, F65

Credit booms: implications for the public and the private sector

Bank for International Settlements Working papers [View] (2015-01, 22.01.2015)

JEL: E44, E51, E60, H30

Secular stagnation, debt overhang and other rationales for sluggish growth, six years on

Bank for International Settlements Working papers [View] (2015-01, 22.01.2015)

JEL: E32, E62

Understanding the role of debt in the financial system

Bank for International Settlements Working papers [View] (2015-01, 22.01.2015)

JEL: E32, E52, G01, G15, G18, G20, G21, G28, G29

Global dollar credit: links to US monetary policy and leverage

Bank for International Settlements Working papers [View] (2015-01, 22.01.2015)

JEL: E43, E51, F34, G21, G23

A note on the diffusion of business cycles

Bank of Mexico Working Papers [View] (2015-01, 22.01.2015)

JEL: C1, C5, E3

Global liquidity regulation - Why did it take so long?

Netherlands Bank DNB Working Papers [View] (2014-12, 22.01.2015)

JEL: E42, G18, G21

Assessing bank competition for consumer loans

Netherlands Bank DNB Working Papers [View] (2015-01, 22.01.2015)

JEL: G21, L00, L80

Lenders on the storm of wholesale funding shocks: Saved by the central bank?

Netherlands Bank DNB Working Papers [View] (2015-01, 22.01.2015)

JEL: G21, G32

Housing Markets and Current Account Dynamics

Dallas Fed Institute Working Papers [View] (2015-01, 22.01.2015)

JEL: E32, F32, F44, G28, R21

Explaining the Mexican-American Health Paradox Using Selectivity Effects

Bank of Mexico Working Papers [View] (2015-01, 22.01.2015)

JEL: F22, L10, O15

Long-Run Effects in Large Heterogenous Panel Data Models with Cross-Sectionally Correlated Errors

Dallas Fed Institute Working Papers [View] (2015-01, 22.01.2015)

JEL: C23

Trilemma, Not Dilemma: Financial Globalisation and Monetary Policy Effectiveness

Dallas Fed Institute Working Papers [View] (2013-01, 22.01.2015)

JEL: E52, F30, F41, F62

Added onto the Research Hub on 21.01.2015

Institutions Do Not Rule: Reassessing the Driving Forces of Economic Development

St Louis Fed Working Papers [View] (2015-01, 21.01.2015)

JEL: O11, P16, P51

Added onto the Research Hub on 17.01.2015

Betting against Beta (and Gamma) Using Government Bonds

New York Fed Staff reports [View] (2015-01, 17.01.2015)

JEL: G10, G12, G15

Added onto the Research Hub on 16.01.2015

Precautionary Saving and Aggregate Demand

Bank of France Working Papers [View] (2015-01, 16.01.2015)

JEL: E32

Do contractionary monetary policy shocks expand shadow banking?

Bank of England Working papers [View] (2015-01, 16.01.2015)

JEL: E43, E5, E52, G20, G21

A forecast evaluation of expected equity return measures

Bank of England Working papers [View] (2015-01, 16.01.2015)

JEL: G10, G11, G12, G17

To believe or not to believe: monetary policy and the trend in house prices

National Bank of Poland Working papers [View] (2014, 16.01.2015)

JEL: E32, E52, E58

Capital flow waves to and from Switzerland before and after the financial crisis

Swiss National Bank Working Papers [View] (2015-01-16, 16.01.2015)

JEL: F21, F31, F32

Re-use of collateral in the repo market

Swiss National Bank Working Papers [View] (2015-01, 16.01.2015)

JEL: D47, E58, G01, G18, G21, G32