Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 25.03.2015

When is macroprudential policy effective?

Bank for International Settlements Working papers [View] (2015-03, 24.03.2015)

JEL: E58, G28

The transmission of monetary policy in EMEs in a changing financial environment: a longitudinal analysis

Bank for International Settlements Working papers [View] (2015-03, 24.03.2015)

JEL: E40, E50

Liquidity Squeeze, Abundant Funding and Macroeconomic Volatility

Bank for International Settlements Working papers [View] (2015-03, 24.03.2015)

JEL: D53, D82, D86

Fiscal targets. A guide to forecasters?

Bank of Spain Working Papers [View] (2015-03, 24.03.2015)

JEL: E61, E62, H30, H68

Global Asset Allocation Shifts

Bank for International Settlements Working papers [View] (2015-03, 24.03.2015)

JEL: F30, G11, G15

Foreign exchange intervention: strategies and effectiveness

Bank for International Settlements Working papers [View] (2015-03, 24.03.2015)

JEL: E58, F31

Added onto the Research Hub on 24.03.2015

Gender and Dynamic Agency: Theory and Evidence on the Compensation of Top Executives

New York Fed Staff reports [View] (2015-03, 23.03.2015)

JEL: G3, J16, J31, J33, M12

Variable Trade Costs, Composition Effects, and the Intensive Margin of Trade

Bank of France Working Papers [View] (2015-03, 24.03.2015)

JEL: F12, F15

The Rescue of Fannie Mae and Freddie Mac

New York Fed Staff reports [View] (2015-03, 23.03.2015)

JEL: G01, G21, H12

The Making of an Economic SuperpowerUnlocking Chinas Secret of Rapid Industrialization

St Louis Fed Working Papers [View] (2015-03, 24.03.2015)

The confidence effects of fiscal consolidations

European Central Bank Working papers [View] (2015-03, 24.03.2015)

JEL: H60, H61, H62

Added onto the Research Hub on 23.03.2015

Labour market adjustments in Europe and the US: How different?

European Central Bank Working papers [View] (2015-03, 23.03.2015)

JEL: F2, J6, R23, R30

Employment protection legislation and labor court activity in Spain

Bank of Spain Working Papers [View] (2000-03, 23.03.2015)

JEL: J52, J53, K31, K41

Macroprudential oversight, risk communication and visualization

European Central Bank Working papers [View] (2015-03, 23.03.2015)

JEL: F37, F47, G01, G15

Self-Fulfilling Credit Cycles

St Louis Fed Working Papers [View] (2015-03, 21.03.2015)

JEL: D92, E32

Added onto the Research Hub on 19.03.2015

Does Joint Modelling of the World Economy Pay Off? Evaluating Global Forecasts from a Bayesian GVAR

Austrian National Bank Working Papers [View] (2015-03, 19.03.2015)

JEL: C53, E37, F47

In love with the debit card but still married to cash

Netherlands Bank DNB Working Papers [View] (2015-03, 19.03.2015)

JEL: C25, D12

Added onto the Research Hub on 18.03.2015

Shifting tides - market liquidity and market-making in fixed income instruments

Bank for International Settlements Quarterly Review [View] (2015-03, 18.03.2015)

JEL: G14, G21, G23

The costs of deflations: a historical perspective

Bank for International Settlements Quarterly Review [View] (2015-03, 18.03.2015)

JEL: E31, E32, N21

Oil and debt

Bank for International Settlements Quarterly Review [View] (2015-03, 18.03.2015)

JEL: D24, L71, Q43

 

(Why) Is investment weak?

Bank for International Settlements Quarterly Review [View] (2015-03, 18.03.2015)

JEL: C33, E22, E27

Central Counterparty Loss Allocation and Transmission of Financial Stress

Reserve Bank of Australia Research Discussion Papers [View] (2015-03, 18.03.2015)

JEL: E42, G17

Added onto the Research Hub on 17.03.2015

Specialization Patterns in International Trade

Bank of France Working Papers [View] (2015-03, 17.03.2015)

JEL: F11, F14, F17

Shifting horizons: assessing macro trends before, during, and following systemic banking crises

European Central Bank Working papers [View] (2015-03, 17.03.2015)

JEL: C23, C51, E43, E51, G01

Contemporary monetary policy in China: A move towards price -based policy?

Bank of Finland BOFIT Discussion Papers [View] (2015, 17.03.2015)

JEL: E52, E58

Financial crisis, US unconventional monetary policy and international spillovers

Bank for International Settlements Working papers [View] (2015-03, 17.03.2015)

JEL: E43, E44, E52, E65, F42, F47

Measuring financial stress - A country specific stress index for Finland

Bank of Finland Discussion Papers [View] (2015, 16.03.2015)

Indicators used in setting the countercyclical capital buffer

Bank of Finland Discussion Papers [View] (2015, 16.03.2015)

Added onto the Research Hub on 16.03.2015

Endogenous labor share cycles: theory and evidence

European Central Bank Working papers [View] (2015-03, 16.03.2015)

JEL: E25, E32, O33, O41

Assessing European competitiveness: the new CompNet microbased database

European Central Bank Working papers [View] (2015-03, 16.03.2015)

JEL: D24, L11, L25, O4, O57

Securitization and banks capital structure

Bank of Spain Working Papers [View] (2015-03, 16.03.2015)

JEL: G21, G32

Added onto the Research Hub on 13.03.2015

Effect of bank capital requirements on economic growth

Netherlands Bank DNB Working Papers [View] (2015-03, 12.03.2015)

JEL: G21, G28

Central bank intervention in large value payment systems: An experimental approach

Netherlands Bank DNB Working Papers [View] (2015-03, 12.03.2015)

JEL: C92, D70, D78, E58

Monetary policy transmission in China: A DSGE model with parallel shadow banking and interest rate control

Bank of Finland BOFIT Discussion Papers [View] (2015, 12.03.2015)

JEL: E32, E42, E52, E58

Added onto the Research Hub on 12.03.2015

Explaining Bond and Equity Premium Puzzles Jointly in a DSGE Model

Magyar Nemzeti Bank (the central bank of Hungary) Working papers [View] (2015-03, 11.03.2015)

JEL: E13, E31, E43, E44, E62

Monetary Union with A Single Currency and Imperfect Credit Market Integration

Bank of France Working Papers [View] (2015-03, 11.03.2015)

JEL: E42, E50, F3, G21

Added onto the Research Hub on 11.03.2015

Schools and Stimulus

St Louis Fed Working Papers [View] (2015-03, 11.03.2015)

JEL: D21, D24, E52, E62

Added onto the Research Hub on 10.03.2015

Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession, Journal of Monetary Economics

European Central Bank Working papers [View] (2015-03, 10.03.2015)

JEL: D91, E21

Do professional forecasters behave as if they believed in the new Keynesian Phillips Curve for the euro area?

European Central Bank Working papers [View] (2015-03, 10.03.2015)

JEL: E31, J30

Does Central Clearing Reduce Counterparty Risk in Realistic Financial Networks?

New York Fed Staff reports [View] (2015-03, 10.03.2015)

JEL: D85, G14

Added onto the Research Hub on 09.03.2015

Meta-analysis of Chinese business cycle correlation

Bank of Finland BOFIT Discussion Papers [View] (2015, 09.03.2015)

JEL: E32, F44

Stress Testing the Australian Household Sector Using the HILDA Survey

Reserve Bank of Australia Research Discussion Papers [View] (2015-03, 09.03.2015)

JEL: C15, D31

Global value chains: a view from the euro area

European Central Bank Working papers [View] (2015-03, 09.03.2015)

JEL: F1, F14, F15

Does bank liquidity creation contribute to economic growth? Evidence from Russia

Bank of Finland BOFIT Discussion Papers [View] (2015, 09.03.2015)

JEL: E44, G21

Disentangling loan demand and supply shocks in Russia

Bank of Finland BOFIT Discussion Papers [View] (2015, 09.03.2015)

JEL: C32, E51, G21

Comparing fiscal multipliers across models and countries in Europe

European Central Bank Working papers [View] (2015-02, 09.03.2015)

JEL: E12, E13, E17, E62, E63

Added onto the Research Hub on 07.03.2015

Why do we need both liquidity regulations and a lender of last resort? A perspective from Federal Reserve lending during the 2007-09 US financial crisis

Bank for International Settlements Working papers [View] (2015-03, 06.03.2015)

JEL: E58, G01, G28

Can the Provision of Long-Term Liquidity Help to Avoid a Credit Crunch? Evidence from the Eurosystem's LTROs.

Bank of France Working Papers [View] (2015-03, 06.03.2015)

JEL: C21, E51, G21, G28

Filtered historical simulation Value-at-Risk models and their competitors

Bank of England Working papers [View] (2015-03, 06.03.2015)

JEL: C58, G18, G32

A joint affine model of commodity futures and US Treasury yields

Bank of England Working papers [View] (2015-03, 06.03.2015)

JEL: E43, G13, Q40

Added onto the Research Hub on 06.03.2015

How internal and external supervisors influence employees' self-serving decisions

Netherlands Bank DNB Working Papers [View] (2015-03, 05.03.2015)

JEL: C39, D23, G30

Monitoring the World Business Cycle

Dallas Fed Institute Working Papers [View] (2013-03, 06.03.2015)

JEL: C22, E27, E32

Real Exchange Rate Forecasting and PPP: This Time the Random Walk Loses

Dallas Fed Institute Working Papers [View] (2013-03, 06.03.2015)

JEL: C32, F31, F37

Do Bank Loans and Local Amenities Explain Chinese Urban House Prices?

Dallas Fed Institute Working Papers [View] (2013-03, 06.03.2015)

JEL: G21, O18, R11

Firms entry, oligopolistic competition and labor market dynamics

Netherlands Bank DNB Working Papers [View] (2015-03, 05.03.2015)

JEL: E32, L11

Added onto the Research Hub on 05.03.2015

Globalization, Market Structure and the Flattening of the Phillips Curve.

Bank of France Working Papers [View] (2015-03, 05.03.2015)

JEL: E31, F41, F62

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 6/2015: Toward robust early-warning models: A horse race, ensembles and model uncertainty

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

JEL: C43, E44, F30, G01

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

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