Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 08.12.2016

Effects of Fiscal Policy in the DSGE-VAR Framework: The Case of the Czech Republic

Czech National Bank Working papers [View] (2016-12, 08.12.2016)

JEL: C11, E62, F41, H30

Added onto the Research Hub on 07.12.2016

Consumption over the life cycle in Poland

National Bank of Poland Working papers [View] (2016-12, 07.12.2016)

JEL: C49, D61, D91

Added onto the Research Hub on 06.12.2016

On measuring uncertainty and its impact on investment: cross-country evidence from the euro area

Deutsche Bundesbank Discussion Papers [View] (2016-12-06, 06.12.2016)

JEL: C53, D81, E22, E32

The countercyclical capital buffer and the composition of bank lending

Bank for International Settlements Working papers [View] (2016-12-06, 06.12.2016)

JEL: E51, E58, E60, G01, G21, G28

Price-Setting in Mexico and the Real Effects of Monetary Shocks

Bank of Mexico Working Papers [View] (2016-12, 06.12.2016)

JEL: E30, E31, E32

Distributed ledger technology in payments, clearing, and settlement

Board of Governors of the Federal Reserve System FEDS series [View] (2016-12, 06.12.2016)

Added onto the Research Hub on 03.12.2016

Changes in Inflation Predictability in Major Latin American Countries

Bank of Mexico Working Papers [View] (2016-12, 03.12.2016)

JEL: C32, E41, E42, E52

Added onto the Research Hub on 02.12.2016

Macroeconomic now- and forecasting based on the factor error correction model using targeted mixed frequency indicators

Deutsche Bundesbank Discussion Papers [View] (2016-12-02, 02.12.2016)

JEL: C18, C23, C51, C52, C53

Added onto the Research Hub on 01.12.2016

Fedspeak: Who Moves U.S. Asset Prices?

IJCB International Journal of Central Banking [View] (2016-12, 01.12.2016)

JEL: C1, E5

Globalization, Pass-Through, and Inflation Dynamics

IJCB International Journal of Central Banking [View] (2016-12, 01.12.2016)

JEL: F40, F60

The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies

IJCB International Journal of Central Banking [View] (2016-12, 01.12.2016)

JEL: E4, E5, G12, G18, G2

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

IJCB International Journal of Central Banking [View] (2016-12, 01.12.2016)

JEL: D12, E41, E58

Death of a Reserve Currency

IJCB International Journal of Central Banking [View] (2016-12, 01.12.2016)

JEL: E58, F33, N13

What Is Learned from a Currency Crisis, Fear of Floating, or Hollow Middle? Identifying Exchange Rate Policy in Crisis Countries

IJCB International Journal of Central Banking [View] (2016-12, 01.12.2016)

JEL: C32, E52, F31, F33

Which Aspects of Central Bank Transparency Matter? A Comprehensive Analysis of the Effect of Transparency on Survey Forecasts

IJCB International Journal of Central Banking [View] (2016-12, 01.12.2016)

JEL: C53, D83, E50

Bank Lending in Times of Large Bank Reserves

IJCB International Journal of Central Banking [View] (2016-12, 01.12.2016)

JEL: E42, E43, E51, G21

Credit Spreads, Financial Crises, and Macroprudential Policy

New York Fed Staff reports [View] (2016-12, 01.12.2016)

JEL: E32, E44, F41

Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network

New York Fed Staff reports [View] (2016-12, 01.12.2016)

JEL: F34, G01, G21

Added onto the Research Hub on 30.11.2016

An Early Warning System for Macro-prudential Policy in France.

Bank of France Working Papers [View] (2016-11, 30.11.2016)

JEL: C58, E52, G12

Global Trade Flows: Revisiting the Exchange Rate Elasticities

Bank of France Working Papers [View] (2016-11, 30.11.2016)

JEL: C51, F14, F31, F33, F41

The evolution of inflation expectations in euro area markets

Bank of Spain Working Papers [View] (2016-11, 30.11.2016)

JEL: C32, E31, G13

Changing dynamics at the zero lower bound

Swiss National Bank Working Papers [View] (2016-11-30, 30.11.2016)

JEL: C3, E3

Insurance Against Local Productivity Shocks: Evidence from Commuters in Mexico

Bank of Mexico Working Papers [View] (2016-11, 30.11.2016)

JEL: F1, J6, O2, R1

Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market Disruptions

Richmond Fed Working Papers [View] (2016-11, 30.11.2016)

Added onto the Research Hub on 29.11.2016

Excess Reserves and Monetary Policy Implementation

Philadelphia Fed Working Papers [View] (2016-11, 29.11.2016)

JEL: E42, E43, E52, E58

Evaluation of Exchange Rate Point and Density Forecasts: an application to Brazil

Central Bank of Brazil Working Papers [View] (2016-11, 29.11.2016)

JEL: C14, C15, C33, E37, F31

Loan-To-Value Policy and Housing Loans: effects on constrained borrowers

Central Bank of Brazil Working Papers [View] (2016-11, 29.11.2016)

JEL: G21, G28

Pension profile preferences: the influence of trust and expected expenses

Netherlands Bank DNB Working Papers [View] (2016-11-28, 29.11.2016)

JEL: D14, D91, G20, J26

Added onto the Research Hub on 26.11.2016

Capital Flows to Developing Countries: Is There an Allocation Puzzle?

Bank of Canada Working papers [View] (2016-11-25, 26.11.2016)

JEL: E13, E21, F43

Supervising Financial Regulators

Bank of Canada Working papers [View] (2016-11-25, 26.11.2016)

JEL: E44, G28, H7

Added onto the Research Hub on 25.11.2016

Aggregate Liquidity Management

Philadelphia Fed Working Papers [View] (2016-11, 25.11.2016)

JEL: E32, E42, E52

Time-varying volatility, financial intermediation and monetary policy

Deutsche Bundesbank Discussion Papers [View] (2016-11-25, 25.11.2016)

JEL: C32, E44, E52

Aggregate liquidity and banking sector fragility

Netherlands Bank DNB Working Papers [View] (2016-11-24, 25.11.2016)

JEL: E50, G01, G21, G28

Added onto the Research Hub on 24.11.2016

Investment-Specific Shocks, Business Cycles, and Asset Prices

Bank of Lithuania Working Papers [View] (2016-11, 24.11.2016)

JEL: E32, G12

Has trade been driving global economic growth?

National Bank of Poland Working papers [View] (2016-11, 24.11.2016)

JEL: F15, F16, F43, O47, O49

The nonlinear nature of country risk and its implications for DSGE models?

National Bank of Poland Working papers [View] (2016-11, 24.11.2016)

JEL: C23, E43, E44

Immigration and the macroeconomy: some new empirical evidence

Central Bank of Norway (Norges Bank) Working Papers [View] (2016-11-24, 24.11.2016)

JEL: C11, C32, E32

Capital Allocation across Regions, Sectors and Firms: evidence from a commodity boom in Brazil

Central Bank of Brazil Working Papers [View] (2016-11, 24.11.2016)

JEL: E51, G21, Q16

International investment positions revisited: Investor heterogeneity and individual security characteristics

Netherlands Bank DNB Working Papers [View] (2016-11-07, 24.11.2016)

JEL: F36, G11, G15, G20

Added onto the Research Hub on 23.11.2016

Macroeconomic surprises, market environment and safe-haven currencies

Swiss National Bank Working Papers [View] (2016-11-23, 23.11.2016)

JEL: F31, G12, G14

Added onto the Research Hub on 22.11.2016

Regulating a Model

Philadelphia Fed Working Papers [View] (2016-11, 22.11.2016)

JEL: D82, D83, G21, G28

Monetary policy transmission mechanism in Poland., What do we know in 2015?

National Bank of Poland Working papers [View] (2016-11, 22.11.2016)

The risk-adjusted monetary policy rule

European Central Bank Working papers [View] (2016-11-22, 22.11.2016)

JEL: E32, E52

Towards more resilient economies: the role of well-functioning economic structures

European Central Bank Working papers [View] (2016-11-22, 22.11.2016)

JEL: E32, J21, L50

Trade Liberalization and Mortality: Evidence from U.S. Counties

Board of Governors of the Federal Reserve System FEDS series [View] (2016-11, 22.11.2016)

Added onto the Research Hub on 21.11.2016

Firm-Specific Shocks and Aggregate Fluctuations

Bank of Canada Working papers [View] (2016-11-21, 21.11.2016)

JEL: E22, E23, E24, E3, L6

Bank efficiency and regional growth in Europe: new evidence from micro-data

European Central Bank Working papers [View] (2016-11-21, 21.11.2016)

JEL: G21, O16, O47, O52

The impact of disasters on inflation

European Central Bank Working papers [View] (2016-11-21, 21.11.2016)

JEL: E31, Q54

Support for the SME supporting factor - multi-country empirical evidence on systematic risk factor for SME loans

Deutsche Bundesbank Discussion Papers [View] (2016-11-21, 21.11.2016)

JEL: C13, G21, G33

Added onto the Research Hub on 19.11.2016

Broker Routing Decisions in Limit Order Markets

Bank of Canada Working papers [View] (2016-11-18, 19.11.2016)

JEL: G24, G28

Learning from History: Volatility and Financial Crises

Board of Governors of the Federal Reserve System FEDS series [View] (2016-11, 19.11.2016)

JEL: F30, F44, G01, G10, G18, N10, N20

Gradualism and Liquidity Traps

Board of Governors of the Federal Reserve System FEDS series [View] (2016-11, 19.11.2016)

JEL: E52, E61

Institutional Herding and Its Price Impact: Evidence from the Corporate Bond Market

Board of Governors of the Federal Reserve System FEDS series [View] (2016-11, 19.11.2016)

JEL: G01, G02, G12, G14, G20

Added onto the Research Hub on 18.11.2016

The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations

Board of Governors of the Federal Reserve System FEDS series [View] (2016-11, 18.11.2016)

JEL: E52, E58, G21, G28

An Overview of the Survey of Consumer Expectations

New York Fed Staff reports [View] (2016-11, 17.11.2016)

JEL: C81, D80, E31

What are the Triggers for Arrears on Debt? Evidence from Quarterly Panel Data

Bank of Estonia Working papers [View] (2016-11-18, 18.11.2016)

JEL: D12, D14, G21

Capital and labour (mis)allocation in the euro area: some stylized facts and determinants

European Central Bank Working papers [View] (2016-11-18, 18.11.2016)

JEL: D24, D61, O47

Exposure to international crises: trade vs. financial contagion

European Systemic Risk Board Working papers [View] (2016-11-17, 17.11.2016)

JEL: E32, F40, F41, F44, H63

Added onto the Research Hub on 17.11.2016

Does credit scoring improve the selection of borrowers and credit quality?

Bank of Italy Working Papers [View] (2016-11-07, 17.11.2016)

JEL: G21

US-euro area term structure spillovers, implications for central banks

European Central Bank Working papers [View] (2016-11-17, 17.11.2016)

JEL: C32, E43, E58

Correlation changes between the risk-free rate and sovereign yields of euro area countries

European Central Bank Working papers [View] (2016-11-17, 17.11.2016)

JEL: G12, G15

Exploring Online and Offline Informal Work: Findings from the Enterprising and Informal Work Activities (EIWA) Survey

Board of Governors of the Federal Reserve System FEDS series [View] (2016-11, 16.11.2016)

Added onto the Research Hub on 16.11.2016

Non-standard monetary policy, asset prices and macroprudential policy in a monetary union

Bank of Italy Working Papers [View] (2016-11-07, 16.11.2016)

JEL: E43, E52, E58

Has the Exchange Rate Pass-Through changed in South Africa?

South African Reserve Bank Working Papers [View] (2016, 16.11.2016)

JEL: C51, E52, E58

Mending the broken link: heterogeneous bank lending and monetary policy pass-through

European Central Bank Working papers [View] (2016-11-16, 16.11.2016)

JEL: C3, E4, E5, G2

Home bias in bank sovereign bond purchases and the bank-sovereign nexus

European Central Bank Working papers [View] (2016-11-16, 16.11.2016)

JEL: G01, G11, G21, H6

Optimal fiscal substitutes for the exchange rate in a monetary union

Deutsche Bundesbank Discussion Papers [View] (2016-11-16, 16.11.2016)

JEL: E63, F41, F45

Economic Forecasting in Theory and Practice: An Interview with David F. Hendry

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2016-11, 16.11.2016)

JEL: C53

Banks' Equity Stakes and Lending: Evidence from a Tax Reform

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2016-11, 16.11.2016)

JEL: G21, G32

Added onto the Research Hub on 15.11.2016

The dollar, bank leverage and the deviation from covered interest parity

Bank for International Settlements Working papers [View] (2016-11-15, 15.11.2016)

JEL: F3, G1, G2

Mining matters: Natural resource extraction and local business constraints

Netherlands Bank DNB Working Papers [View] (2016-11-15, 15.11.2016)

JEL: L16, L25, L72, O12, O13, Q30

Gradualism and liquidity traps

European Central Bank Working papers [View] (2016-11-15, 15.11.2016)

JEL: L16, L25, L72, O12, O13, O30

Contagion, spillover and interdependence

European Central Bank Working papers [View] (2016-11-15, 15.11.2016)

JEL: C10, C30, F32

Added onto the Research Hub on 14.11.2016

Predicting vulnerabilities in the EU banking sector: the role of global and domestic factors

European Systemic Risk Board Working papers [View] (2016-11-14, 14.11.2016)

JEL: G01, G21, G28

The determinants of CDS spreads: evidence from the model space

Deutsche Bundesbank Discussion Papers [View] (2016-11-14, 14.11.2016)

JEL: C11, G01, G12

Added onto the Research Hub on 11.11.2016

How exporters set prices: evidence from a large behavioural survey

European Central Bank Working papers [View] (2016-11-11, 11.11.2016)

JEL: E30, F31, F41

The optimal conduct of central bank asset purchases

European Central Bank Working papers [View] (2016-11-11, 11.11.2016)

JEL: C61, E52, G11

Added onto the Research Hub on 10.11.2016

Adding it all up: the macroeconomic impact of Basel III and outstanding reform issues

Bank for International Settlements Working papers [View] (2016-11-07, 07.11.2016)

JEL: E44, E61, G28

Spillover effects of credit default risk in the euro area and the effects on the euro: a GVAR approach

Deutsche Bundesbank Discussion Papers [View] (2016-10-25, 10.11.2016)

JEL: C55, F31, H63

Financial shocks and inflation dynamics

Deutsche Bundesbank Discussion Papers [View] (2016-10-17, 10.11.2016)

JEL: E31, E44, E58

A dynamic factor model for forecasting house prices in Belgium

National Bank of Belgium Working Papers [View] (2016-11, 10.11.2016)

JEL: C23, E32, G21

Do Consumers Really Follow a Rule of Thumb? Three Thousand Estimates from 130 Studies Say "Probably Not"

Czech National Bank Working papers [View] (2016-11, 10.11.2016)

JEL: C83, D12, E21

Confidence Cycles and Liquidity Hoarding

Czech National Bank Working papers [View] (2016-11, 10.11.2016)

JEL: E22, E32, G01, G18

Stock market cycles and supply side dynamics: two worlds, one vision?

Bank of Spain Working Papers [View] (2016-11, 10.11.2016)

JEL: B41, C63, C68, E22, E23, E37

Oil price and economic growth: a long story?

Bank of Spain Working Papers [View] (2016-11, 10.11.2016)

JEL: C22, C32, E32, Q43

Optimal monetary policy with heterogeneous agents

Bank of Spain Working Papers [View] (2016-11, 10.11.2016)

JEL: E5, E62, F34

The effect of electoral systems on voter turnout: evidence from a natural experiment

Bank of Spain Working Papers [View] (2016-11, 10.11.2016)

JEL: D72

Peer monitoring via loss mutualization

Bank of Italy Working Papers [View] (2016-11-07, 10.11.2016)

The pass-through to consumer prices in CIS economies: the role of exchange rates, commodities and other common factors

Bank of Lithuania Working Papers [View] (2016-11, 10.11.2016)

JEL: C38, E31, F31

Lithuania in the Euro Area: Monetary Transmission and Macroprudential Policies

Bank of Lithuania Working Papers [View] (2016-11, 10.11.2016)

JEL: E32, E44, F36

Added onto the Research Hub on 09.11.2016

Housing and credit markets in Italy in times of crisis

Bank of Italy Working Papers [View] (2016-11-07, 09.11.2016)

Added onto the Research Hub on 08.11.2016

Should I stay or should I go? Firms' mobility across banks in the aftermath of financial turmoil

Bank of Italy Working Papers [View] (2016-11-07, 08.11.2016)

Added onto the Research Hub on 07.11.2016

Finance and income inequality: A review and new evidence

Netherlands Bank DNB Working Papers [View] (2016-11-07, 07.11.2016)

Payment behaviour: the role of socio-psychological factors

Netherlands Bank DNB Working Papers [View] (2016-11-07, 07.11.2016)

JEL: D03, D11, D14, Z13

The response of euro area sovereign spreads to the ECB unconventional monetary policies

National Bank of Belgium Working Papers [View] (2016-10, 13.10.2016)

International prudential policy spillovers: a global perspective

Bank for International Settlements Working papers [View] (2016-10-20, 20.10.2016)

JEL: F42, G15, G21

Which combination of fiscal and external imbalances to determine the long-run dynamics of sovereign bond yields?

Bank of France Working Papers [View] (2016-11, 04.11.2016)

JEL: C23, E43, G12

Declining Trends in the Real Interest Rate and Inflation: Role of Aging

Philadelphia Fed Working Papers [View] (2016-11, 02.11.2016)

JEL: E24, E31, E52

Information Spillovers, Gains from Trade, and Interventions in Frozen Markets

Philadelphia Fed Working Papers [View] (2016-11, 02.11.2016)

The failure of covered interest parity: FX hedging demand and costly balance sheets

Bank for International Settlements Working papers [View] (2016-10-27, 27.10.2016)

JEL: F31, G02, G15