Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 25.07.2017

How Australians Pay: Evidence from the 2016 Consumer Payments Survey

Reserve Bank of Australia Research Discussion Papers [View] (2017-07, 01.07.2017)

JEL: D12, D14, E42

Added onto the Research Hub on 24.07.2017

Retrieving Implied Financial Networks from Bank Balance-Sheet and Market Data

Bank of Canada Working papers [View] (2017-07-24, 24.07.2017)

JEL: C63, D85

Information Contagion and Systemic Risk

Bank of Canada Working papers [View] (2017-07-24, 24.07.2017)

JEL: G01, G11, G21

Added onto the Research Hub on 22.07.2017

The response of multinationals foreign exchange rate exposure to macroeconomic news

St Louis Fed Working Papers [View] (2017-07, 22.07.2017)

JEL: E3, F3, F44, G14

Added onto the Research Hub on 21.07.2017

Behavioral Biases in Firms' Growth Expectations

Bank of Japan Working Papers [View] (2017-07-21, 21.07.2017)

JEL: D84, E03, E22

Guender. Credit Prices vs. Credit Quantities as Predictors of Economic Activity in Europe: Which Tell a Better Story?

Bank of Estonia Working papers [View] (2017-07-21, 21.07.2017)

JEL: E3, E4, G1

Adoption of a New Payment Method: Theory and Experimental Evidence

Bank of Canada Working papers [View] (2017-07-20, 21.07.2017)

JEL: C35, C83, C92, E41

Added onto the Research Hub on 20.07.2017

Firm Heterogeneity, Technological Adoption, and Urbanization: Theory and Measurement

Bank of Canada Working papers [View] (2017-07-19, 20.07.2017)

JEL: N61, O14, R13

Quantitative Easing and LongTerm Yields in Small Open Economies

Bank of Canada Working papers [View] (2017-07-19, 20.07.2017)

JEL: E43, E52, E58, G12

Added onto the Research Hub on 17.07.2017

Updating the Ultimate Forward Rate over Time: A Possible Approach

Czech National Bank Working papers [View] (2017-07, 17.07.2017)

JEL: E43, G22, L51, M2

Crimea and punishment: The impact of sanctions on Russian and European economies

Bank of Estonia Working papers [View] (2017-07-17, 17.07.2017)

JEL: C32, F51

Assessing the cyclical implications of IFRS 9 a recursive model

European Systemic Risk Board Occasional papers [View] (2017-07-17, 17.07.2017)

Added onto the Research Hub on 14.07.2017

The Federal Reserve's Portfolio and its Effect on Interest Rates

Board of Governors of the Federal Reserve System FEDS series [View] (2017-07, 01.07.2017)

JEL: E42, E52, N12, O23

What Remains of Milton Friedman's Monetarism?

Richmond Fed Working Papers [View] (2017-07, 14.07.2017)

JEL: B22

Asset Encumbrance, Bank Funding and Fragility

European Systemic Risk Board Working papers [View] (2017-07-14, 14.07.2017)

JEL: G01, G21, G28

The missing links: A global study on uncovering financial network structures from partial data

European Systemic Risk Board Working papers [View] (2017-07-14, 14.07.2017)

JEL: C63, D85, G20, L14

Economic importance of the logistics sector in Belgium

National Bank of Belgium Working Papers [View] (2017-07, 14.07.2017)

JEL: J21, L91, R11, R41

Echoes of Rising Tuition in Students Borrowing, Educational Attainment, and Homeownership in Post-Recession America

New York Fed Staff reports [View] (2017-07, 14.07.2017)

JEL: D14, E24, R21

Added onto the Research Hub on 13.07.2017

Monetary Policy Implementation in a Negative Rate Environment

Bank of Canada Working papers [View] (2017-07-13, 13.07.2017)

JEL: E40, E42, E43, G0

A DSGE Model with Financial Dollarization - the Case of Serbia

Czech National Bank Working papers [View] (2017-07, 13.06.2017)

JEL: E44, F41, F47

Added onto the Research Hub on 12.07.2017

The discontinuation of the EUR/CHF minimum exchange rate in January 2015: was it expected?

Bank for International Settlements Working papers [View] (2017-07-12, 12.07.2017)

JEL: C53, F31, F37

Pricing decisions under financial frictions: evidence from the WDN survey

Bank of Spain Working Papers [View] (2017-07, 12.07.2017)

JEL: C25, D22, L11

Housing and the tax system: how large are the distortions in the euro area?

European Central Bank Working papers [View] (2017-07-12, 12.07.2017)

JEL: D14, H24, H31

Credit market competition and the gender gap: evidence from local labor markets

European Central Bank Working papers [View] (2017-07-12, 12.07.2017)

JEL: G28, J16, J22

Added onto the Research Hub on 11.07.2017

Is There an On-the-Run Premium in TIPS?

San Francisco Fed Working Papers [View] (2017-05-31, 31.05.2017)

JEL: E43, E47, G12, G13

The TIPS Liquidity Premium

San Francisco Fed Working Papers [View] (2017-05-19, 19.05.2017)

JEL: E43, E47, G12, G13

Clearing the Fog: The Predictive Power of Weather for Employment Reports and their Asset Price Responses

San Francisco Fed Working Papers [View] (2017-06-14, 14.06.2017)

JEL: G17, J21, Q52, R11

The Disappointing Recovery of Output after 2009

San Francisco Fed Working Papers [View] (2017-06-17, 17.06.2017)

How Effective is Monetary Policy at the Zero Lower Bound? Identification Through Industry Heterogeneity

Board of Governors of the Federal Reserve System FEDS series [View] (2017-07-07, 07.07.2017)

JEL: E32, E43, E47, E52

The Impact of Price Controls in Two-sided Markets : Evidence from US Debit Card Interchange Fee Regulation

Board of Governors of the Federal Reserve System FEDS series [View] (2017-07-07, 07.07.2017)

JEL: G21, G28, L51

China's Current Account : External Rebalancing or Capital Flight?

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-06-19, 19.06.2017)

JEL: F14, F21, F32, G15

Interest Rate Volatility and Sudden Stops : An Empirical Investigation

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-07, 01.07.2017)

JEL: E3, E43, F34, F4, G12, G15, O11, O16

Dark pools in European equity markets: emergence, competition and implications

European Central Bank Occasional papers [View] (2017-07, 01.07.2017)

JEL: G10, G14, G18

How Large were the Effects of Emergency and Extended Benefits on Unemployment during the Great Recession and its Aftermath?

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-27, 27.06.2017)

JEL: E24, J6

Investment Commonality across Insurance Companies : Fire Sale Risk and Corporate Yield Spreads

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-28, 28.06.2017)

JEL: G11, G12, G18, G22

Nonlinearities in the Phillips Curve for the United States : Evidence Using Metropolitan Data

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-28, 28.06.2017)

JEL: E31

Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-30, 30.06.2017)

JEL: J00, J15, J16, J64, J7

The Credit Card Act and Consumer Finance Company Lending

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-29, 29.06.2017)

JEL: G21, G23, G28

A Price-Differentiation Model of the Interbank Market and Its Application to a Financial Crisis

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-16, 16.06.2017)

JEL: E50, G21

Measuring International Uncertainty : The Case of Korea

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-20, 20.06.2017)

JEL: C11, C32, E32

Consumer Mistakes and Advertising : The Case of Mortgage Refinancing

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-27, 27.06.2017)

JEL: D14, G21, M37

Optimal Monetary Policy under Negative Interest Rate

St Louis Fed Working Papers [View] (2017-05, 11.07.2017)

JEL: E12, E13, E31, E32, E41, E43, E51

Active labour market policies and short-time work arrangements: Evidence from a survey of Luxembourg firms

Central Bank of Luxembourg Working Papers [View] (2017-06, 11.07.2017)

JEL: C25, J63

Systemic Financial Sector and Sovereign Risks

Central Bank of Luxembourg Working Papers [View] (2017-06, 11.07.2017)

JEL: C1, E5, F3, G1

Added onto the Research Hub on 10.07.2017

Segmented money markets and covered interest parity arbitrage

Bank for International Settlements Working papers [View] (2017-07, 01.07.2017)

JEL: E43, F31, G15

The optimal conduct of central bank asset purchases

Deutsche Bundesbank Discussion Papers [View] (2017-07-10, 10.07.2017)

JEL: C61, E52, G11

Added onto the Research Hub on 08.07.2017

Truncated Firm Productivity Distributions and Trade Margins

St Louis Fed Working Papers [View] (2017-07, 08.07.2017)

JEL: F1

Added onto the Research Hub on 07.07.2017

Interest-rate pegs, central bank asset purchases and the reversal puzzle

Deutsche Bundesbank Discussion Papers [View] (2017-07-07, 07.07.2017)

JEL: E32, E44, E52, E61

Dealing with dealers: sovereign CDS comovements

Bank of Spain Working Papers [View] (2017-07, 07.07.2017)

JEL: G12, G14

Added onto the Research Hub on 06.07.2017

Economic importance of air transport and airport activities in Belgium Report 2015

National Bank of Belgium Working Papers [View] (2017-07, 06.07.2017)

JEL: C67, D40, J21, L93, R15, R41

Added onto the Research Hub on 04.07.2017

Between hawks and doves: measuring central bank communication

European Central Bank Working papers [View] (2017-07-04, 04.07.2017)

JEL: C02, C63, E52, E58

The Fisher paradox: A primer

Deutsche Bundesbank Discussion Papers [View] (2017-07-04, 04.07.2017)

JEL: E31, E43, E52

Added onto the Research Hub on 03.07.2017

Comparing behavioural heterogeneity across asset classes

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-07-03, 03.07.2017)

JEL: E31, G12, G15

Banks' trading after the Lehman crisis - The role of unconventional monetary policy

Deutsche Bundesbank Discussion Papers [View] (2017-07-03, 03.07.2017)

JEL: E44, E50, G01, G11, G21

Added onto the Research Hub on 01.07.2017

Terms-of-Trade and Counterterrorism Externalities

St Louis Fed Working Papers [View] (2017-06, 01.07.2017)

JEL: D62, H41, H56

Added onto the Research Hub on 30.06.2017

The Shifting Drivers of Global Liquidity

New York Fed Staff reports [View] (2017-06, 30.06.2017)

JEL: F34, G10, G21

Equity versus bail-in debt in banking: an agency perspective

European Systemic Risk Board Working papers [View] (2017-06-30, 30.06.2017)

JEL: G21, G28, G32

Wholesale funding dry-ups

European Systemic Risk Board Working papers [View] (2017-06-30, 30.06.2017)

JEL: G21

Active labour market policies and short-time work arrangements: evidence from a survey of Luxembourg firms

European Central Bank Working papers [View] (2017-06-29, 29.06.2017)

JEL: C25, J63, J68

Credit ratings of domestic and global agencies: What drives the differences in China and how are they priced?

Bank for International Settlements Working papers [View] (2017-06, 01.06.2017)

JEL: G12, G18, G23, G24

Monetary policy transmission and trade-offs in the United States: Old and new

Bank for International Settlements Working papers [View] (2017-06, 01.06.2017)

JEL: E52

Financial deglobalisation in banking?

Bank for International Settlements Working papers [View] (2017-06, 01.06.2017)

JEL: F36, F4, G21

Added onto the Research Hub on 29.06.2017

Consumption and savings in a low interest-rate environment

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-06-29, 29.06.2017)

JEL: D12, D14, D31, D91, E21

Bank business models at zero interest rates

European Central Bank Working papers [View] (2017-06-29, 29.06.2017)

JEL: C33, G21

Formation of inflation expectations in turbulent times : Can ECB manage inflation expectations of professional forecasters?

Bank of Finland Discussion Papers [View] (2017-06-28, 28.06.2017)

JEL: D84, E52, E58

Nominal GDP Targeting With Heterogeneous Labor Supply

St Louis Fed Working Papers [View] (2017-02, 29.06.2017)

JEL: E4, E5

Added onto the Research Hub on 28.06.2017

Accounting for debt service : The painful legacy of credit booms

Bank of Finland Discussion Papers [View] (2017-06-27, 27.06.2017)

JEL: D14, E17, E44, G01

Added onto the Research Hub on 27.06.2017

Bayesian analysis of boundary and near-boundary evidence in econometric models with reduced rank

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-06-27, 27.06.2017)

Airport Noise in Atlanta: The Inequality of Sound

St Louis Fed Working Papers [View] (2017-06, 27.06.2017)

JEL: C25, Q53, R41

Added onto the Research Hub on 26.06.2017

The R package MitISEM: Efficient and robust simulation procedures for Bayesian inference

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-06-26, 26.06.2017)

Understanding Monetary Policy and its Effects: Evidence from Canadian Firms Using the Business Outlook Survey

Bank of Canada Working papers [View] (2017-06-26, 26.06.2017)

JEL: D22, E44, E52

The IMF and precautionary lending : An empirical evaluation of the selectivity and effectiveness of the flexible credit line

National Bank of Belgium Working Papers [View] (2017-06, 26.06.2017)

JEL: F33, F34, F55

Google data in bridge equation models for German GDP

Deutsche Bundesbank Discussion Papers [View] (2017-06-26, 26.06.2017)

JEL: C22, C32, C53

Added onto the Research Hub on 23.06.2017

Labour market adjustment in Europe during the crisis: microeconomic evidence from the Wage Dynamics Network survey

European Central Bank Occasional papers [View] (2017-06, 01.06.2017)

JEL: E24, J30, J52, J68

Financial globalisation, monetary policy spillovers and macro-modelling: tales from 1001 shocks

European Central Bank Working papers [View] (2017-06-23, 23.06.2017)

JEL: C50, E52, F42

Added onto the Research Hub on 22.06.2017

Communication of monetary policy in unconventional times

European Central Bank Working papers [View] (2017-06-21, 21.06.2017)

JEL: E43, E52, E58

Identifying Dornbusch's Exchange Rate Overshooting with Structural VECs: Evidence from Mexico

Bank of Mexico Working Papers [View] (2017-06, 22.06.2017)

JEL: C32, C51, E10, E17

Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies

Bank of Mexico Working Papers [View] (2017-06, 22.06.2017)

JEL: E44, E52, E58

Added onto the Research Hub on 21.06.2017

Large Firm Dynamics and Secular Stagnation: Evidence from Japan and the U.S.

Bank of Japan Working Papers [View] (2017-06-21, 21.06.2017)

JEL: D21, E13, E23, E32

Destabilizing effects of bank overleveraging on real activity - an analysis based on a threshold MCS-GVAR

European Central Bank Working papers [View] (2017-06-21, 21.06.2017)

JEL: C13, C6, E2, E6

The evolution of inflation expectations in Japan

Bank for International Settlements Working papers [View] (2017-06-21, 21.06.2017)

JEL: E31, E58

Added onto the Research Hub on 20.06.2017

Foreign banks as shock absorbers in the financial crisis?

National Bank of Belgium Working Papers [View] (2017-06, 20.06.2017)

JEL: F34, G21, G32

Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels - Report 2015

National Bank of Belgium Working Papers [View] (2017-06, 20.06.2017)

JEL: C67, H57, J21, L22, L91, L92, R15, R41

Macroprudential policy and bank risk

Bank for International Settlements Working papers [View] (2017-06-20, 20.06.2017)

JEL: E43, E58, G18, G28

The leverage ratio, risk-taking and bank stability

European Central Bank Working papers [View] (2017-06-20, 20.06.2017)

JEL: G01, G21, G28

When do countries implement structural reforms?

European Central Bank Working papers [View] (2017-06-20, 20.06.2017)

JEL: C23, D70, D72, P11, P16

Financial crises and the dynamic linkages between stock and bond returns

Deutsche Bundesbank Discussion Papers [View] (2017-06-20, 20.06.2017)

JEL: C32, C58, G15

Supply- and Demand-Side Factors in Global Banking

New York Fed Staff reports [View] (2017-06, 20.06.2017)

JEL: F34, G01, G21

How Did Chinas WTO Entry Benefit U.S. Consumers?

New York Fed Staff reports [View] (2017-06, 20.06.2017)

JEL: F12, F13, F14

Added onto the Research Hub on 19.06.2017

Understanding the CrossCountry Effects of US Technology Shocks

Bank of Canada Working papers [View] (2017-06-19, 19.06.2017)

JEL: E30, F41, F44, F62

Detecting Scapegoat Effects in the Relationship Between Exchange Rates and Macroeconomic Fundamentals

Bank of Canada Working papers [View] (2017-06-19, 19.06.2017)

JEL: C32, F31, G15

Estimating the impact of shocks to bank capital in the euro area

European Central Bank Working papers [View] (2017-06-19, 19.06.2017)

JEL: C11, C32, G21

Structural asymmetries and financial imbalances in the eurozone

European Central Bank Working papers [View] (2017-06-19, 19.06.2017)

JEL: F20, F32, G17

CDS and credit: Testing the small bang theory of the financial universe with micro data

Deutsche Bundesbank Discussion Papers [View] (2017-06-19, 19.06.2017)

JEL: G21

Accounting for debt service: the painful legacy of credit booms

Bank for International Settlements Working papers [View] (2017-06-19, 19.06.2017)

JEL: D14, E17, E44, G01

Added onto the Research Hub on 17.06.2017

Investors Appetite for Money-Like Assets: The Money Market Fund Industry after the 2014 Regulatory Reform

New York Fed Staff reports [View] (2017-06, 17.06.2017)

JEL: G2, G23, G28

Added onto the Research Hub on 16.06.2017

Financial Cycles: What are they and what do they look like in Denmark?

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-06-16, 16.06.2017)

M-PRESS-CreditRisk: A holistic micro- and macroprudential approach to capital requirements

Deutsche Bundesbank Discussion Papers [View] (2017-06-16, 16.06.2017)

JEL: C15, C23, C63, G21, G28

Added onto the Research Hub on 15.06.2017

Mortgage Default in an Estimated Model of the U.S. Housing Market

Bank of Mexico Working Papers [View] (2017-06, 15.06.2017)

JEL: C11, E44, G01, G21

The macroeconomic impact of the ECB's expanded asset purchase programme (APP)

European Central Bank Working papers [View] (2017-06-13, 15.06.2017)

JEL: C32, E44, E52, E58