Central Bank Research Hub - What's new

Title Author(s)

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

The Spanish productivity puzzle in the great recession

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

JEL: J21, J24, J52

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

Added onto the Research Hub on 15.01.2015

Why Financial Advice Cannot Substitute for Financial Literacy?

Bank of France Working Papers [View] (2015-01, 15.01.2015)

JEL: D14, D82, G11

Added onto the Research Hub on 14.01.2015

Resolving the Spanning Puzzle in Macro-Finance Term Structure Models

San Francisco Fed Working Papers [View] (2015-01, 14.01.2015)

JEL: E43, E44, E52

Where are the retirement savings of self-employed? An analysis of 'unconventional' retirement accounts

Netherlands Bank DNB Working Papers [View] (2015-01, 14.01.2015)

JEL: D12, D91, E21

Added onto the Research Hub on 09.01.2015

Law of One Price in the euro area: an empirical investigation using Nielsen disaggregated price data

Bank of Estonia Working papers [View] (2014-10, 09.01.2015)

JEL: C21, D40, E31

Added onto the Research Hub on 06.01.2015

Long-term unemployment and convexity in the Phillips curve

Bank of England Working papers [View] (2014-12, 19.12.2014)

JEL: C22, E24, E32, J64

Spillovers of US unconventional monetary policy to Asia: the role of long-term interest rates

Bank for International Settlements Working papers [View] (2014-12, 29.12.2014)

JEL: E43, E52, F42

Land Collateral and Labor Market Dynamics in France

Bank of France Working Papers [View] (2014-12, 29.12.2014)

JEL: E24, E32, E44

Option-Implied Term Structures

New York Fed Staff reports [View] (2014-12, 29.12.2014)

JEL: C12, C14, C58, G12, G13, G17

Hybrid Intermediaries

New York Fed Staff reports [View] (2014-12, 29.12.2014)

JEL: G20, L20

Measuring urban agglomeration. A refoundation of the mean city-population size index

Bank of Spain Working Papers [View] (2014, 29.12.2014)

JEL: R11, R12

Banks' Incentives and the Quality of Internal Risk Models

New York Fed Staff reports [View] (2014-12, 29.12.2014)

JEL: G21, G28

Inferring inflation expectations from fixed-event forecasts

Central Reserve Bank of Peru Working Papers [View] (2014-12, 29.12.2014)

JEL: C32, E37, E52

General Equilibrium Analysis of Conditional Cash Transfers

Central Reserve Bank of Peru Working Papers [View] (2014-12, 29.12.2014)

JEL: D52, D58, D62, D64

Tracking the Exchange Rate in Latin America

Central Reserve Bank of Peru Working Papers [View] (2014-12, 29.12.2014)

JEL: C16, F31, F41

The Dynamic Effects of Interest Rates and Reserve Requirements

Central Reserve Bank of Peru Working Papers [View] (2014-12, 29.12.2014)

JEL: E43, E51, E52

Effects of the U.S. quantitative easing on the Peruvian economy

Central Reserve Bank of Peru Working Papers [View] (2014-12, 29.12.2014)

JEL: E43, E51, E52, E58

To Sell or To Borrow? A Theory of Bank Liquidity Management

Kansas City Fed Working Papers [View] (2014-12, 29.12.2014)

JEL: G21, G28

Cross-subsidies, and the elasticity of informality to social expenditures

Bank of Mexico Working Papers [View] (2014-12, 29.12.2014)

JEL: E2, E26, J6

Valuation of credit default swaps via Bessel bridges

Bank of Mexico Working Papers [View] (2014-12, 29.12.2014)

JEL: G0, G1

Determinants of the Cost of Starting a Business in Mexico

Bank of Mexico Working Papers [View] (2014-12, 29.12.2014)

JEL: C33, L88, O10, O25

Stock market development and real economic activity in Peru

Central Reserve Bank of Peru Working Papers [View] (2014-09, 29.12.2014)

JEL: E23, G10

Grown-Up Business Cycles

New York Fed Staff reports [View] (2014-12, 02.01.2015)

JEL: E32, J00, L25, L26

Impact of research tax credit on R&D and innovation: evidence from the 2008 French reform

Bank of France Working Papers [View] (2014-12, 02.01.2015)

JEL: C23, H25, O32

A network view on interbank market freezes

Bank of France Working Papers [View] (2014-12, 02.01.2015)

JEL: D85, E5, G1, G21

Contract staggering and unemployment during the Great Recession: evidence from Spain

Bank of Spain Working Papers [View] (2014-12, 02.01.2015)

JEL: J23, J50

Aging and Deflation from a Fiscal Perspective

Dallas Fed Institute Working Papers [View] (2014-11, 02.01.2015)

JEL: D72, E30, E62, E63, H60

Capital Regulation in a Macroeconomic Model with Three Layers of Default

Bank of France Working Papers [View] (2014-12, 02.01.2015)

JEL: E3, E44, G01, G21

The Role of Two Frictions in Geographic Price Dispersion: When Market Friction Meets Nominal Rigidity

Dallas Fed Institute Working Papers [View] (2014-12, 02.01.2015)

JEL: E31, F15, L16, R12

The determinants of global bank credit-default-swap spreads

Bank of Finland Discussion Papers [View] (2014, 06.01.2015)

JEL: G13, G15, G21

Fiscal policy tracking design in the time-frequency domain using wavelet analysis

Bank of Finland Discussion Papers [View] (2014, 06.01.2015)

JEL: C49, C61, C63, C88, E61

Japan's Financial Crises and Lost Decades

Dallas Fed Institute Working Papers [View] (2014-012, 02.01.2015)

JEL: E31, E44, E52

Do you get what you ask? The gender gap in desired and realised wages

Bank of Estonia Working papers [View] (2015-01, 05.01.2015)

JEL: D13, J13, J16, J31

Betting the House

San Francisco Fed Working Papers [View] (2014-12, 06.01.2015)

JEL: C14, C38, E32, E37, E42, E44, E51, E52, F41, G01, G21, N10, N20

The Illusion of School Choice: Empirical Evidence from Barcelona

Minneapolis Fed Working Papers [View] (2014-10, 06.01.2015)

JEL: C78, D63, I24

Added onto the Research Hub on 23.12.2014

Semi-Parametric Interpolations of Residential Location Values: Using Housing Price Data to Generate Balanced Panels

St Louis Fed Working Papers [View] (2014-12, 13.12.2014)

JEL: C14, H41, H54, R51, R53

Added onto the Research Hub on 19.12.2014

Monetary and macroprudential policy with multiperiod loans

National Bank of Poland Working papers [View] (2000, 19.12.2014)

JEL: E44, E51, E52

Fragmentation in the euro overnight unsecured money market

European Central Bank Working papers [View] (2014-12-19, 19.12.2014)

JEL: E5, G1

The coevolution of money markets and monetary policy, 1815-2008

European Central Bank Working papers [View] (2014-12-19, 19.12.2014)

JEL: E52, G15, N20

Added onto the Research Hub on 18.12.2014

Determinants of Reservation Wages: Empirical Evidence for Estonia

Bank of Estonia Working papers [View] (2014-12-18, 18.12.2014)

JEL: J31, J64

Consumption behaviour and financial crisis in the Netherlands

Netherlands Bank DNB Working Papers [View] (2014-12-18, 18.12.2014)

JEL: D12, D91, E21

SMEs, financial constraints and growth

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: E22, G30, L16, O16

Exchange rate risk and local currency sovereign bond yields in emerging markets

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: E43, E44

Liquidity Risk and the Credit Crunch of 2007-2008: Evidence from Micro-Level Data on Mortgage Loan Applications

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: E51, G21, G28

MRO bidding in the presence of LTROs: an empirical analysis of the pre-crisis period

European Central Bank Working papers [View] (2014-12-18, 18.12.2014)

JEL: D44, D53, D84, E43, E50, G10, G21

Financial inclusion and optimal monetary policy

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: E52, G21, O23

New evidence on elementary index bias

European Central Bank Working papers [View] (2014-12-18, 18.12.2014)

JEL: C43, E31

Has the transmission of policy rates to lending rates been impaired by the Global Financial Crisis?

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: C32, E43, E52

Added onto the Research Hub on 17.12.2014

How do exporters react to changes in cost competitiveness?

European Central Bank Working papers [View] (2014-12-17, 17.12.2014)

JEL: F1, F16, F4

Added onto the Research Hub on 16.12.2014

Implementing monetary policy in a fragmented monetary union

Bank of France Working Papers [View] (2014-12, 16.12.2014)

JEL: E42, E43, E52, E58, F32

Facing Volatile Capital Flows: The Role of Exchange Rate Flexibility and Foreign Assets

Central Bank of Chile Working Papers [View] (2014-12, 16.12.2014)

Bailouts and Prudential Policies - A Delicate Interaction

Central Bank of Chile Working Papers [View] (2014-12, 16.12.2014)

Updating the euro area Phillips curve: the slope has increased

Bank of Finland Discussion Papers [View] (2014, 16.12.2014)

JEL: E31, E32, E52

Assessing the macroeconomic effects of LTROS

Bank of France Working Papers [View] (2014-12, 16.12.2014)

JEL: E32, E58

Linking distress of financial institutions to macrofinancial shocks

European Central Bank Working papers [View] (2014-12-16, 16.12.2014)

JEL: C33, G33

How do financial institutions forecast sovereign spreads?

European Central Bank Working papers [View] (2014-12-16, 16.12.2014)

JEL: E62, G10, H30

Effect of Safe Assets on Financial Fragility in a Bank-Run Model

Cleveland Fed Working papers [View] (2014-12, 16.12.2014)

JEL: D8, G21

Added onto the Research Hub on 15.12.2014

Optimal forecasts from Markov switching models

Netherlands Bank DNB Working Papers [View] (2014-12-15, 15.12.2014)

JEL: C25, C53, E37

Does the Stability and Growth Pact induce a bias in the EC's fiscal forecasts

Netherlands Bank DNB Working Papers [View] (2014-12-15, 15.12.2014)

JEL: C53, E62, H3, H68

Disaggregating Okun's law: decomposing the impact of the expenditure components of GDP on euro area unemployment

European Central Bank Working papers [View] (2014-12, 15.12.2014)

JEL: C23, E2, E24

Enterprise productivity: a three-speed Europe

European Central Bank Working papers [View] (2014-12, 15.12.2014)

JEL: D22, H11, O47, O52

Added onto the Research Hub on 13.12.2014

Semi-Parametric Interpolations of Residential Location Values: Using Housing Price Data to Generate Balanced Panels

St Louis Fed Working Papers [View] (2014-12, 13.12.2014)

JEL: C14, H41, H54, R51, R53

Added onto the Research Hub on 12.12.2014

Skill-Biased Technological Change and the Real Exchange Rate

Swiss National Bank Working Papers [View] (2014-12, 12.12.2014)

JEL: F16, F31, F41, J24

Quantification and characteristics of household inflation expectations in Switzerland

Swiss National Bank Working Papers [View] (2014-11, 12.12.2014)

JEL: C22, C82, E31, E50

Have investors been looking for exposure to specific countries since the global financial crisis? - Insights from the Swiss franc bond market

Swiss National Bank Working Papers [View] (2014-12, 12.12.2014)

JEL: G10, G12, G15

Exchange rate and price dynamics in a small open economy - the role of the zero lower bound and monetary policy regimes

Swiss National Bank Working Papers [View] (2014-12-12, 12.12.2014)

JEL: C11, C32, E31, E37, E52, E58, F31

Forecasting Czech GDP Using Mixed-Frequency Data Models

Czech National Bank Working papers [View] (2014-11, 12.12.2014)

JEL: C53, C82, E52

Exchange rate returns and external adjustment: evidence from Switzerland

Swiss National Bank Working Papers [View] (2014-12, 12.12.2014)

JEL: F31, F32, F37, G15

Flight-to-liquidity flows in the euro area sovereign debt crisis

Bank of Spain Working Papers [View] (2000-12, 12.12.2014)

JEL: G01, G12, H63

Added onto the Research Hub on 11.12.2014

Financial Stability and Central Bank Governance

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: E58, G18, G34, G38

The Aggregate Demand Effects of Short- and Long-Term Interest Rates

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: E43, E44, E50

Monetary and Labor Interactions in a Monetary Union

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: E42, E58, F33, F41, J5

Added onto the Research Hub on 10.12.2014

Sovereign ratings and their asymmetric response to fundamentals

Bank of Spain Working Papers [View] (2000-12, 10.12.2014)

JEL: C33, G24

Added onto the Research Hub on 09.12.2014

Asset Pricing with Horizon-Dependent Risk Aversion

New York Fed Staff reports [View] (2014-12, 09.12.2014)

JEL: D03, D90, G02, G12

An arbitrage-free Nelson-Siegel term structure model with stochastic volatility for the determination of currency risk premia

Bank of France Working Papers [View] (2014-12, 09.12.2014)

JEL: E43, F31, G15

What Kind of Teachers Are Schools Looking For? Evidence from a Randomized Field Experiment

Cleveland Fed Working papers [View] (2014-12, 09.12.2014)

JEL: I21, J45

Childhood experience of father's job loss and stock market participation

Bank of Finland Discussion Papers [View] (2014, 08.12.2014)

JEL: D03, D14, D83, G11, J64