Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 24.08.2015

Discussion Paper 16/2015: Firms' Risk Endogenous to Strategic Management Choices

Bank of Finland Discussion Papers [View] (2015, 20.08.2015)

Nominal Rigidities and the Term Structures of Equity and Bond Returns

Board of Governors of the Federal Reserve System FEDS series [View] (2015-08-20, 21.08.2015)

JEL: E43, E44, G12

Discussion Paper 17/2015: What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence

Bank of Finland Discussion Papers [View] (2015, 20.08.2015)

JEL: C11, G10, O40

Discussion Paper 19/2015: Does the Type of Debt Matter? Stock Market Perception in Europe

Bank of Finland Discussion Papers [View] (2015, 21.08.2015)

JEL: G14, G20

Discussion Paper 18/2015: Monetary Policies to Counter the Zero Interest Rate: an Overview of Research

Bank of Finland Discussion Papers [View] (2015, 21.08.2015)

JEL: E52, E58, E63

Stock Market Investment: The Role of Human Capital

Board of Governors of the Federal Reserve System FEDS series [View] (2015-08-21, 22.08.2015)

JEL: E21, G11, J24

Leveraged Bubbles

San Francisco Fed Working Papers [View] (2015-08, 21.08.2015)

JEL: C14, C32, E44, E51, G01, N10, N20

Bond Vigilantes and Inflation

San Francisco Fed Working Papers [View] (2015-08, 21.08.2015)

JEL: E52, E58

The Impact of Food Price Shocks on Consumption and Nutritional Patterns of Urban Mexican Households

Bank of Mexico Working Papers [View] (2015-08, 22.08.2015)

JEL: C31, D12, O12

Internet search behavior, liquidity and prices in the housing market

Netherlands Bank DNB Working Papers [View] (2015-08-20, 24.08.2015)

JEL: C81, R21, R31

Housing Wealth Effects: Cross-sectional Evidence from New Vehicle Registrations

Reserve Bank of Australia Research Discussion Papers [View] (2015-08, 24.08.2015)

JEL: E21, E32, E60

Added onto the Research Hub on 20.08.2015

BOFIT Discussion Paper 24/2015: Evaluating underlying inflation metrics for Russia

Bank of Finland BOFIT Discussion Papers [View] (2015, 19.08.2015)

JEL: C32, E31, E32, E52

Aggregate Consequences of Dynamic Credit Relationships

Board of Governors of the Federal Reserve System FEDS series [View] (2015-08-19, 20.08.2015)

JEL: D82, E32, G32, L14

Added onto the Research Hub on 19.08.2015

Discussion Paper 12/2015: Euro area monetary and fiscal policy tracking design in the time-frequency domain

Bank of Finland Discussion Papers [View] (2015, 12.08.2015)

JEL: C49, C61, C63

Discussion Paper 13/2015: Evidence for the Existence of Downward Real Earnings Management

Bank of Finland Discussion Papers [View] (2015, 12.08.2015)

Nonlinear Pricing with Competition: The Market for Settling Payments

New York Fed Staff reports [View] (2015-08, 14.08.2015)

JEL: E42, L11, L51, L97

FOMC Responses to Calls for Transparency

Board of Governors of the Federal Reserve System FEDS series [View] (2015-08-12, 14.08.2015)

JEL: D78, D82, E58, H83

BOFIT Discussion Paper 23/2015: Fixed exchange rate regimes, real undervaluation and economic growth

Bank of Finland BOFIT Discussion Papers [View] (2015, 14.08.2015)

JEL: F31, F43, O41

The Impact of Unconventional Monetary Policy on Firm Financing Constraints: Evidence from the Maturity Extension Program

Philadelphia Fed Working Papers [View] (2015-08, 14.08.2015)

JEL: E5, G3

Convertible bonds and bank risk-taking

Netherlands Bank DNB Working Papers [View] (2015-08-13, 14.08.2015)

JEL: G13, G21, G28

Economic Performance, Wealth Distribution and Credit Restrictions Under Variable Investment: The Open Economy

Central Bank of Chile Working Papers [View] (2015-08, 17.08.2015)

Discussion Paper 15/2015: Regulations, institutions and income smoothing by managing technical reserves: international evidence from the insurance industry

Bank of Finland Discussion Papers [View] (2015, 17.08.2015)

Income and Earnings Mobility in U.S. Tax Data

Board of Governors of the Federal Reserve System FEDS series [View] (2015-08-14, 17.08.2015)

JEL: D31, H24

Discussion Paper 14/2015: The Effect of Board Directors from Countries with Different Genetic Diversity Levels on Corporate Performance

Bank of Finland Discussion Papers [View] (2015, 17.08.2015)

Disclosure of Stress Test Results

Philadelphia Fed Working Papers [View] (2015-08, 14.08.2015)

JEL: G2, G21, G28

The Accuracy of Forecasts Prepared for the Federal Open Market Committee

Board of Governors of the Federal Reserve System FEDS series [View] (2015-08-17, 18.08.2015)

JEL: C53, E17, E27, E37, F17

Added onto the Research Hub on 12.08.2015

Estimating the Short-Run Effect on Market-Access of the Construction of Better Transportation Infrastructure in Mexico

Bank of Mexico Working Papers [View] (2015-08, 05.08.2015)

JEL: F1, H5, R4

Bond markets and monetary policy dilemmas for the emerging markets

Bank for International Settlements Working papers [View] (2015-08-07, 07.08.2015)

JEL: E43, E52, E58

The Price Effects of Cash versus In-Kind Transfers

New York Fed Staff reports [View] (2015-08, 05.08.2015)

JEL: O12

Declining Labor Turnover and Turbulence

Philadelphia Fed Working Papers [View] (2015-08, 07.08.2015)

JEL: E24, J31, J64

The Term Structure of the Price of Variance Risk

New York Fed Staff reports [View] (2015-08, 05.08.2015)

JEL: G12, G13

Bank ownership and cost efficiency in Russia, revisited

Bank of Finland BOFIT Discussion Papers [View] (2015, 10.08.2015)

JEL: G21, P23, P34, P52

A theory of bazookas; or, "when (and when not) to use large-scale official sector support"

Netherlands Bank DNB Working Papers [View] (2015-08-05, 11.08.2015)

JEL: F33, G01, G18

Does consuming more make you happier? Evidence from Chinese panel data

Bank of Finland BOFIT Discussion Papers [View] (2015, 10.08.2015)

JEL: A13, E21, I31, N35

Added onto the Research Hub on 05.08.2015

Systemic risk of European banks: Regulators and markets

Netherlands Bank DNB Working Papers [View] (2015-07-21, 22.07.2015)

JEL: G01, G21, G28

The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes

Philadelphia Fed Working Papers [View] (2015-07, 24.07.2015)

JEL: G21, G28, R38

Credit and macroprudential policy in an emerging economy: a structural model assessment

Bank for International Settlements Working papers [View] (2015-07-29, 30.07.2015)

JEL: E17, E51, E52, E58

Phases of global liquidity, fundamentals news, and the design of macroprudential policy

Bank for International Settlements Working papers [View] (2015-07-30, 30.07.2015)

JEL: D62, E32, E44, F32, F41

Macroprudential Policies in a Commodity Exporting Economy

Bank for International Settlements Working papers [View] (2015-07-30, 30.07.2015)

JEL: E3, E58

Central Bank Interventions, Demand for Collateral, and Sovereign Borrowing Costs

Bank of Portugal Working papers [View] (2015-07, 31.07.2015)

JEL: E44, E52, E63, G21

Financial Fragmentation Shocks

Bank of Portugal Working papers [View] (2015-07, 30.07.2015)

JEL: E27, E44

A margin call gone wrong: Credit, stock prices, and Germany's Black Friday 1927

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-31, 31.07.2015)

Macroeconomic Effects of Banking Sector Losses across Structural Models

Bank for International Settlements Working papers [View] (2015-07-30, 30.07.2015)

JEL: E32, E44, E47

Consumer Spending and Property Taxes

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-31, 01.08.2015)

JEL: E21, E62, H31

Testing for a Housing Bubble at the National and Regional Level: The Case of Israel

Dallas Fed Institute Working Papers [View] (2013-07, 31.07.2015)

JEL: C22, G12, R21

Un-Networking: The Evolution of Networks in the Federal Funds Market

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-31, 31.07.2015)

JEL: E5, G2

Discussion Paper 11/2015: Are Monetary Unions more Synchronous than non-Monetary Unions?

Bank of Finland Discussion Papers [View] (2015, 03.08.2015)

JEL: C49, E32, F44, F62

Identification of First-Price Auctions With Biased Beliefs

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-31, 31.07.2015)

Mapping Heat in the U.S. Financial System

Board of Governors of the Federal Reserve System FEDS series [View] (2015-08-03, 04.08.2015)

JEL: G01, G20, G21, G23, G28

Central bank credibility and the expectations channel: Evidence based on a new credibility index

National Bank of Poland Working papers [View] (2015, 03.08.2015)

JEL: E43, E52, E58

Dynamics of Global Business Cycles Interdependence

Central Bank of Chile Working Papers [View] (2015-07, 04.08.2015)

Changes in the Distribution of After-Tax Wealth: Has Income Tax Policy Increased Wealth Inequality?

Board of Governors of the Federal Reserve System FEDS series [View] (2015-08-03, 04.08.2015)

JEL: H22, H24

Country Shocks, Monetary Policy Expectations and ECB Decisions. A Dynamic Non-Linear Approach

Central Bank of Chile Working Papers [View] (2015-07, 04.08.2015)

Added onto the Research Hub on 29.07.2015

The Impact of the Home Valuation Code of Conduct on Appraisal and Mortgage Outcomes

Philadelphia Fed Working Papers [View] (2015-07, 24.07.2015)

JEL: G21, G28, R38

Systemic risk of European banks: Regulators and markets

Netherlands Bank DNB Working Papers [View] (2015-07-21, 22.07.2015)

JEL: G01, G21, G28

Changes in funding patterns by Latin American banking systems: how large? how risky?

Bank of Spain Working Papers [View] (2000-07, 24.07.2015)

JEL: F36, G15, G21

Exit Strategies and Trade Dynamics in Repo Markets

Swiss National Bank Working Papers [View] (2015-07-27, 27.07.2015)

JEL: D83, E40, E50

The transmission of unconventional monetary policy to the emerging markets - An overview

Bank for International Settlements BIS papers [View] (2014-08, 28.07.2015)

JEL: E52, F31, F42, G12, G15

The Resource Curse: Does Fiscal Policy Make a Difference?

Central Bank of Chile Working Papers [View] (2015-07, 25.07.2015)

A Microestructure Approach to Gross Portfolio Inflows. The Case of Chile

Central Bank of Chile Working Papers [View] (2015-07, 25.07.2015)

Bank's Price Setting and Lending Maturity: Evidence from an Inflation-Targenting Economy

Central Bank of Chile Working Papers [View] (2015-07, 25.07.2015)

Inflation targeting and financial stability: providing policymakers with relevant information

Bank for International Settlements Working papers [View] (2015-07-09, 28.07.2015)

JEL: E44, E52, E58, G18, G28

Leverage dynamics and the real burden of debt

Bank for International Settlements Working papers [View] (2015-05-08, 28.07.2015)

JEL: E20, E32, E44, G01

Comparative assessment of macroprudential policies

Bank for International Settlements Working papers [View] (2015-06-11, 28.07.2015)

JEL: E52, E58, F32, F34, G28

Added onto the Research Hub on 22.07.2015

Long-lasting consequences of the European crisis

European Central Bank Working papers [View] (2015-07-15, 15.07.2015)

JEL: E20, E43, E52, E66

Aid and Growth. Evidence from Firm-Level Data.

Bank of France Working Papers [View] (2015-07, 16.07.2015)

JEL: F35, O16, O50

Debt Collection Agencies and the Supply of Consumer Credit

Philadelphia Fed Working Papers [View] (2015-07, 16.07.2015)

JEL: D12, D18, G18, G20, K35

The safety and soundness effects of bank M&A in the EU: does prudential regulation have any impact?

Bank of Spain Working Papers [View] (2000-07, 16.07.2015)

JEL: G24, L14, L29, O16, O3

The great collapse in value added trade

European Central Bank Working papers [View] (2015-07-15, 15.07.2015)

JEL: C67, F1, F2, R15

Foreclosure delay and consumer credit performance

Philadelphia Fed Working Papers [View] (2015-07, 16.07.2015)

JEL: G02, G21, G28

Asset Return Dynamics under Habits and Bad-Environment Good-Environment Fundamentals

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-17, 18.07.2015)

Civic capital and the Vertical Integration of Service Provision: Evidence from Italy.

Bank of France Working Papers [View] (2015-07, 17.07.2015)

JEL: A13, D23, L23, Z13

The Cyclicality of Sales, Regular and Effective Prices: Comment

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-16, 17.07.2015)

JEL: D12, E31, E32

Valuing "Free" Media Across Countries in GDP

Philadelphia Fed Working Papers [View] (2015-07, 16.07.2015)

JEL: E01, L82, M37

On the Sustainability of Exchange Rate Target Zones with Central Parity Realignments

Dallas Fed Institute Working Papers [View] (2013-07, 21.07.2015)

JEL: E58, F31, F33, F41, G15

Higher-order risk preferences, constant relative risk aversion and the optimal portfolio allocation

Bank of Spain Working Papers [View] (2000-07, 20.07.2015)

JEL: C16, D81, G11

The Impact of Student Loan Debt on Small Business Formation

Philadelphia Fed Working Papers [View] (2015-07, 18.07.2015)

JEL: D1, H31, I22, I28, R2

A New Monthly Indicator of Global Real Economic Activity

Dallas Fed Institute Working Papers [View] (2013-07, 21.07.2015)

JEL: C1, C5, C8, E1, E3

Is There a Debt-threshold Effect on Output Growth?

Dallas Fed Institute Working Papers [View] (2013-07, 21.07.2015)

JEL: C23, E62, F34, H60

Systemic risk of European banks: Regulators and markets

Netherlands Bank DNB Working Papers [View] (2015-07-21, 22.07.2015)

JEL: G01, G11, G21

Uncovered Interest Parity in Central and Eastern Europe: Expectations and Structural Breaks

Bank of Estonia Working papers [View] (2015-07-22, 22.07.2015)

JEL: C32, F15

Interactions Between Job Search and Housing Decisions: A Structural Estimation

Philadelphia Fed Working Papers [View] (2015-07, 22.07.2015)

JEL: E21, E24, J64, R21

Are expenditure cuts the only effective way to achieve successful fiscal adjustment

Netherlands Bank DNB Working Papers [View] (2015-07-21, 22.07.2015)

Added onto the Research Hub on 15.07.2015

Optimal capital requirements over the business and financial cycles

European Central Bank Working papers [View] (2015-07-14, 14.07.2015)

JEL: E44, G01, G21, G28

High-Dimensional Copula-Based Distributions with Mixed Frequency Data

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-10, 11.07.2015)

JEL: C32, C51, C58

Modelling Dependence in High Dimensions with Factor Copulas

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-10, 11.07.2015)

JEL: C31, C32, C51

Network linkages to predict bank distress

European Central Bank Working papers [View] (2015-07-13, 13.07.2015)

JEL: D85, G21, G33

Creditor protection, judicial enforcement and credit access

European Central Bank Working papers [View] (2015-07-13, 13.07.2015)

JEL: G21, G28, K41

Credit ratings and cross-border bond market spillovers.

European Central Bank Working papers [View] (2015-07-14, 14.07.2015)

JEL: F36, G15

Added onto the Research Hub on 10.07.2015

Virtual proximity and audiovisual services trade.

European Central Bank Working papers [View] (2015-07-09, 09.07.2015)

JEL: F12, F15, Z10

Heterogeneity in Economic Shocks and Household Spending

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-09, 09.07.2015)

JEL: C8, D1, E2

Added onto the Research Hub on 08.07.2015

Uncertainty shocks, banking frictions and economic activity

European Central Bank Working papers [View] (2015-07-08, 08.07.2015)

JEL: E32, E52

Shoe-leather costs in the euro area and the foreign demand for euro banknotes

European Central Bank Working papers [View] (2015-07-08, 08.07.2015)

JEL: C22, E41

Added onto the Research Hub on 07.07.2015

Financial constraints and productivity: evidence from euro area companies

European Central Bank Working papers [View] (2015-07-07, 07.07.2015)

JEL: D24, G32, O16

Gender bias and credit access

European Central Bank Working papers [View] (2015-07-07, 07.07.2015)

JEL: G21, J16, N32, Z13

Monetary Policy, Hot Housing Markets and Leverage

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-06, 07.07.2015)

JEL: E32, E44, E52, R21

Monetary Policy 101: A Primer on the Fed's Changing Approach to Policy Implementation

Board of Governors of the Federal Reserve System FEDS series [View] (2015-07-06, 07.07.2015)

JEL: E43, E52, E58

Added onto the Research Hub on 06.07.2015

The impact of international swap lines on stock returns of banks in emerging markets

Swiss National Bank Working Papers [View] (2015-07-06, 06.07.2015)

JEL: F15, F21, F32, F36, G15

Is there a too-big-to-fail discount in excess returns on German banks' stocks?

Swiss National Bank Working Papers [View] (2015-07-06, 06.07.2015)

JEL: G10, G21

Subjective Intertemporal Substitution

New York Fed Staff reports [View] (2015-07, 04.07.2015)

JEL: D12, D84, E21