Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 10.02.2016

The interaction of monetary and macroprudential policies in economic stabilisation

Bank of Finland Discussion Papers [View] (2016-01-12, 12.01.2016)

JEL: E32, E44, E52, G28

A descriptive model of banking and aggregate demand

Netherlands Bank DNB Working Papers [View] (2016-02-09, 09.02.2016)

JEL: E32, E50, E63, G01, G21, G28

Added onto the Research Hub on 09.02.2016

How Frequently Should We Reestimate DSGE Models?

IJCB International Journal of Central Banking [View] (2015-12, 01.12.2015)

JEL: C53, E37

Liquidity Requirements: A Double-Edged Sword

IJCB International Journal of Central Banking [View] (2015-12, 01.12.2015)

JEL: G21, G28

How Much Does the Public Know about the ECB's Monetary Policy? Evidence from a Survey of Dutch Households

IJCB International Journal of Central Banking [View] (2015-12, 01.12.2015)

JEL: D12, D84, E52, E58

Model-Based Ex Post Evaluation of Monetary Policy

IJCB International Journal of Central Banking [View] (2015-12, 01.12.2015)

JEL: C54, E37, E52, E58

Interest Rate Determination in China: Past, Present, and Future

IJCB International Journal of Central Banking [View] (2015-12, 01.12.2015)

JEL: E43, E52, O53, P24

The ECB Unconventional Monetary Policies: Have They Lowered Market Borrowing Costs for Banks and Governments?

IJCB International Journal of Central Banking [View] (2015-12, 01.12.2015)

JEL: E43, E44, E52, E58

Monetary Policy and Financial Stability: Cross-Country Evidence

Bank of Canada Working papers [View] (2015-11-12, 12.11.2015)

JEL: E4, E5, G01

Credit Conditions and Consumption, House Prices and Debt: What Makes Canada Different?

Bank of Canada Working papers [View] (2015-11-12, 12.11.2015)

JEL: E02, E21, E44, G21, R21, R31

Monetary Policy Committees: Comparing Theory and "Inside" Information from MPC Members

IJCB International Journal of Central Banking [View] (2015-12, 01.12.2015)

JEL: D71, E52, E58

Can Macroeconomists Forecast Risk? Event-Based Evidence from the Euro-Area SPF

IJCB International Journal of Central Banking [View] (2015-12, 01.12.2015)

JEL: C22, C53

Speculators, Prices and Market Volatility

Bank of Canada Working papers [View] (2015-11-20, 20.11.2015)

JEL: C3, G1

Tractable Term-Structure Models and the Zero Lower Bound

Bank of Canada Working papers [View] (2015-12-14, 14.12.2015)

JEL: G12

Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries

Bank of Canada Working papers [View] (2015-12-03, 03.12.2015)

JEL: E24, F14, F16, F31, F41, J23

Emergency Liquidity Facilities, Signalling and Funding Costs

Bank of Canada Working papers [View] (2015-12-03, 03.12.2015)

JEL: G01, G21, G28

On the Essentiality of E-Money

Bank of Canada Working papers [View] (2015-11-20, 20.11.2015)

JEL: E00, E4, E42, E5, E58, L5, L51

Agency Costs, Risk Shocks and International Cycles

Bank of Canada Working papers [View] (2016-01-21, 21.01.2016)

JEL: E22, E32, E44, F44

The decentralised central bank: regional bank rate autonomy in Norway, 1850-1892

Central Bank of Norway (Norges Bank) Working Papers [View] (2015-12-23, 23.12.2015)

JEL: E58, N23

Reconciling the Differences in Aggregate U.S. Wage Series

Bank of Canada Working papers [View] (2016-01-21, 21.01.2016)

JEL: E01, E24, E30, J30

Debt Overhang and Deleveraging in the US Household Sector: Gauging the Impact on Consumption

Bank of Canada Working papers [View] (2015-12-29, 29.12.2015)

JEL: C13, C23, C52, D12, H31

Can the Chinese bond market facilitate a globalizing renminbi?

Bank of Finland BOFIT Discussion Papers [View] (2016, 09.02.2016)

JEL: E42, E44, E58, F02, G10, H63

Added onto the Research Hub on 05.02.2016

Systemic risk in Danish banks: Implementing SRISK in a Danish context

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2016-02-05, 05.02.2016)

JEL: C32, C53, G01, G21, G32

Wages and Human Capital in Finance: International Evidence, 1970-2005

Dallas Fed Institute Working Papers [View] (2015-02, 05.02.2016)

JEL: G2, J2, J3

Added onto the Research Hub on 04.02.2016

The Role of Start-Ups in Structural Transformation

New York Fed Staff reports [View] (2016-01, 30.01.2016)

JEL: E24, J00, J23, L25

Interbank Market and Central Bank Policy

New York Fed Staff reports [View] (2016-01, 30.01.2016)

JEL: E58, G21, G28

The role of oil prices and monetary policy in the Norwegian economy since the 1980s

Central Bank of Norway (Norges Bank) Working Papers [View] (2016-01-29, 29.01.2016)

JEL: C51, E31, E32, E52, E58

Added onto the Research Hub on 03.02.2016

A Simple Model of Subprime Borrowers and Credit Growth

New York Fed Staff reports [View] (2016-02, 03.02.2016)

JEL: E21, E44, G21

Endogenous Firm Competition and the Cyclicality of Markups

Dallas Fed Institute Working Papers [View] (2015-02, 03.02.2016)

JEL: D21, D92, E3

Added onto the Research Hub on 02.02.2016

Pricing in the Norwegian interbank market the effects of liquidity and implicit government support

Central Bank of Norway (Norges Bank) Working Papers [View] (2016-02-02, 02.02.2016)

JEL: E43, E58, G21

Unraveling firms: Demand, productivity and markups heterogeneity

National Bank of Belgium Working Papers [View] (2016-02, 02.02.2016)

JEL: D24, F14, L11, L25

What drives inflation expectations in Brazil? Public versus private information

Bank for International Settlements Working papers [View] (2016-02-02, 02.02.2016)

JEL: D82, D83, E31, F31

Monetary policy and the asset risk-taking channel

Deutsche Bundesbank Discussion Papers [View] (2016-02-02, 02.02.2016)

JEL: E12, E44, E58

Added onto the Research Hub on 01.02.2016

Bank standalone credit ratings

Bank for International Settlements Working papers [View] (2016-02-01, 01.02.2016)

JEL: G14, G15, G21

How firms borrow in international bond markets: securities regulation and market segmentation

Bank of Spain Working Papers [View] (2016-02, 01.02.2016)

JEL: G15, G18, G32

Fiscal policy and the cycle in Latin America: the role of financing conditions and fiscal rules

Bank for International Settlements Working papers [View] (2016-02-01, 01.02.2016)

JEL: G12, H3

Can Self-Help Groups Really Be 'Self-Help'?

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2015-01, 09.01.2016)

JEL: O1, O12, O16

Profitability Life Cycle of Foreign Direct Investment and its Application to the Czech Republic

Czech National Bank Working papers [View] (2015-01, 27.01.2016)

JEL: C33, F21, F32

Testing for Granger causality in large mixed-frequency VARs

Deutsche Bundesbank Discussion Papers [View] (2016-01-22, 22.01.2016)

JEL: C11, C12, C32

How does labour market structure affect the response of economies to shocks?

Bank of England Working papers [View] (2016-01-22, 25.01.2016)

JEL: E24

Price level convergence within the euro area: How Europe caught up with the US and lost terrain again

Netherlands Bank DNB Working Papers [View] (2016-01-27, 27.01.2016)

JEL: E31, E37, F15

How the Portuguese firms adjusted to the economic and financial crisis: main shocks and channels of adjustment

Bank of Portugal Working papers [View] (2016-01, 27.01.2016)

JEL: J23, J30, J50

Structure of corporate funding

Bank of Portugal Working papers [View] (2016-01, 27.01.2016)

JEL: G21, G32

Exchange rates and monetary spillovers

Bank for International Settlements Working papers [View] (2016-01-18, 18.01.2016)

JEL: F32, F33, F34

A Bayesian VAR benchmark for COMPASS

Bank of England Working papers [View] (2016-01-22, 25.01.2016)

JEL: C53, E12, E17

Macroprudential policy under uncertainty

Bank of England Working papers [View] (2016-01-29, 29.01.2016)

JEL: D81, E58

Added onto the Research Hub on 30.01.2016

Liquidity Traps, Capital Flows

New York Fed Staff reports [View] (2016-01, 30.01.2016)

JEL: F32, F38, F42, F44

An Anatomy of U.S. Personal Bankruptcy under Chapter 13

New York Fed Staff reports [View] (2016-01, 30.01.2016)

JEL: C61, D12, K35

Distributional Policy Effects with Many Treatment Outcomes

Bank of Mexico Working Papers [View] (2016-01, 30.01.2016)

JEL: C24, C4, G01, G23, G28

Added onto the Research Hub on 29.01.2016

Geographical job mobility and wage flexibility in Denmark

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2016-01-08, 08.01.2016)

JEL: J30, J61, J65

Sovereign yields and the risk-taking channel of currency appreciation

Bank for International Settlements Working papers [View] (2016-01-18, 18.01.2016)

JEL: G12, G15, G23

International trade finance and the cost channel of monetary policy in open economies

Bank for International Settlements Working papers [View] (2016-01-22, 25.01.2016)

JEL: E44, E52, F41, F44

How do global investors differentiate between sovereign risks? The new normal versus the old

Bank for International Settlements Working papers [View] (2016-01-26, 26.01.2016)

JEL: C38, F34, G11, G12, G15

On the role of public policies and wage formation for business investment in R&D: A long-run panel analysis

National Bank of Belgium Working Papers [View] (2016-01, 26.01.2016)

JEL: J30, O31, O38, O57

Output and unemployment, Portugal, 2008-2012

Bank of Portugal Working papers [View] (2016-01, 26.01.2016)

JEL: C51, E32, E52

A Mixed Frequency Approach to Forecast Private Consumption with ATM/POS Data

Bank of Portugal Working papers [View] (2016-01, 26.01.2016)

JEL: C53, E27

Carry trades and exchange rate volatility: a TVAR approach

Bank of Italy Working Papers [View] (2016-01-28, 28.01.2016)

JEL: C32, G15

Contagion and fire sales in banking networks

Bank of Italy Working Papers [View] (2016-01-28, 28.01.2016)

JEL: C62, D85, G21, G28

Debt maturity and the liquidity of secondary debt markets

Bank of Italy Working Papers [View] (2016-01-28, 28.01.2016)

JEL: G12, G32

Savings and investment behaviour in the euro area

European Central Bank Occasional papers [View] (2016-01-28, 28.01.2016)

JEL: E21, E22, F32, F41

Pairing misallocation between sectors in Portugal

Bank of Portugal Working papers [View] (2016-01, 27.01.2016)

JEL: D24, O11, O41, O47

A new method for the correction of test scores manipulation

Bank of Italy Working Papers [View] (2016-01-28, 28.01.2016)

JEL: C23, C25, I28

Heterogeneous peer effects in education

Bank of Italy Working Papers [View] (2016-01-28, 28.01.2016)

JEL: C31, D85, Z13

Added onto the Research Hub on 28.01.2016

Market liquidity and market making the case of fixed income and low interest rates

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2015-12-10, 12.01.2016)

JEL: E43, G12, G20

Added onto the Research Hub on 21.01.2016

Prudential filters, portfolio composition and capital ratios in European banks

Bank of Spain Working Papers [View] (2015-01, 08.01.2016)

JEL: G21, M41

Predicting Belgiums GDP using targeted bridge models

National Bank of Belgium Working Papers [View] (2016-01, 08.01.2016)

JEL: C22, E37

Why risk is so hard to measure

Netherlands Bank DNB Working Papers [View] (2016-01-05, 06.01.2016)

JEL: C10, C15, G18

Added onto the Research Hub on 18.01.2016

How effective is macroprudential policy during financial downturns? Evidence from caps on banks' leverage

Bank of Estonia Working papers [View] (2015-12-21, 21.12.2015)

JEL: E51, E58, G21, G28

Competing for savings: how important is creditworthiness during the crisis?

Netherlands Bank DNB Working Papers [View] (2016-01-05, 06.01.2016)

JEL: G21

Labour reallocation and productivity dynamics: financial causes, real consequences

Bank for International Settlements Working papers [View] (2016-01-05, 05.01.2016)

JEL: E24, E51, O47

175 years of financial risks and returns in central banking

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2016-01-04, 04.01.2016)

JEL: E42, E51, E52, E58, F33, G11, N23, N24

Understanding the public sector pay gap

Bank of Spain Working Papers [View] (2015-01, 08.01.2016)

JEL: H50, J31, J45

Multivariate Stochastic Volatility-Double Jump Model: an application for oil assets

Central Bank of Brazil Working Papers [View] (2016-01, 08.01.2016)

JEL: C58, G11, G17

Did export promotion help firms weather the crisis ?

National Bank of Belgium Working Papers [View] (2016-01, 08.01.2016)

JEL: F13, F14, F44

Adaptive models and heavy tails

Bank of England Working papers [View] (2016-01-08, 08.01.2016)

JEL: C22, C51, C53, E31

What drives public acceptance of reforms? Longitudinal evidence from the run-up of the increase of the Dutch retirement age

Netherlands Bank DNB Working Papers [View] (2015-12-29, 08.01.2016)

JEL: D72, D83, H55

What can Big Data tell us about the passthrough of big exchange rate changes?

Bank of England Working papers [View] (2016-01-08, 08.01.2016)

JEL: E31, F14, F41

The varying coefficient Bayesian panel VAR model

Bank of England Working papers [View] (2016-01-08, 08.01.2016)

JEL: C33, E30, F40

Policy spillovers and synergies in a monetary union

Bank of Spain Working Papers [View] (2015-01, 11.01.2016)

JEL: E44, E52, E62, E65, G21

Optimal Monetary and Fiscal Policy at the Zero Lower Bound in a Small Open Economy

Dallas Fed Institute Working Papers [View] (2016-01, 09.01.2016)

JEL: E31, E32, E58, E61, E62, E63, F41

Working Hard in the Wrong Place: A Mismatch-Based Explanation to the UK Productivity Puzzle

New York Fed Staff reports [View] (2016-01, 11.01.2016)

JEL: E24, E32, J24

Quantitative Assessment of the Role of Incomplete Asset Markets on the Dynamics of the Real Exchange Rate

Dallas Fed Institute Working Papers [View] (2016-01, 09.01.2016)

JEL: F31, F37, F41

Money, Banking, and Monetary Policy from the Formation of the Federal Reserve until Today

Richmond Fed Working Papers [View] (2016-01, 13.01.2016)

A New Survey of the U.S. Bilateral Repo Market: A Snapshot of Broker-Dealer Activity

New York Fed Staff reports [View] (2016-01, 14.01.2016)

JEL: E44, G12, G24

Interbank networks in the national banking era: their purpose and their role in the panic of 1893

Bank for International Settlements Working papers [View] (2016-01-14, 14.01.2016)

JEL: G01, G21, N21

Is macroprudential policy instrument blunt?

Bank for International Settlements Working papers [View] (2016-01-14, 14.01.2016)

JEL: E20, J11

The Effect of Monetary Policy on Bank Wholesale Funding

New York Fed Staff reports [View] (2016-01, 16.01.2016)

JEL: E52, E58, G21, G28

The U.S. Oil Supply Revolution and the Global Economy

Dallas Fed Institute Working Papers [View] (2015-01, 14.01.2016)

JEL: C32, E17, F44, F47, O13, Q43

Fundamentals matter: idiosyncratic shocks and interbank relations

Deutsche Bundesbank Discussion Papers [View] (2016-01-15, 15.01.2016)

JEL: E50, G01, G10, G21

Centralized trading, transparency and interest rate swap market liquidity: evidence from the implementation of the Dodd-Frank Act

Bank of England Working papers [View] (2016-01-15, 15.01.2016)

JEL: G10, G12, G14

Hidden Cost of Better Bank Services: Carefree Depositors in Riskier Banks?

New York Fed Staff reports [View] (2016-01, 16.01.2016)

JEL: G20, G21

Merger Options and Risk Arbitrage

New York Fed Staff reports [View] (2016-01, 16.01.2016)

JEL: G00, G12, G34

Added onto the Research Hub on 04.01.2016

Domestic Debt and Sovereign Defaults

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2015-12, 18.12.2015)

JEL: F34, F41, H63

Have Global Value Chains Contributed to Global Imbalances?

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2015-12, 18.12.2015)

JEL: F1, F4

Risky Mortgages, Bank Leverage and Credit Policy

Board of Governors of the Federal Reserve System FEDS series [View] (2015-12, 19.12.2015)

JEL: E32, E44, E58, G21

Credit Risk, Liquidity and Lies

Board of Governors of the Federal Reserve System FEDS series [View] (2015-12, 19.12.2015)

JEL: E43, G21, L14

Old-Fashioned Deposit Runs

Board of Governors of the Federal Reserve System FEDS series [View] (2015-12, 19.12.2015)

The Dynamics of Adjustable-Rate Subprime Mortgage Default: A Structural Estimation

Board of Governors of the Federal Reserve System FEDS series [View] (2015-12, 19.12.2015)

JEL: D12, D14, G2, G21, G33

Does Realized Volatility Help Bond Yield Density Prediction?

Board of Governors of the Federal Reserve System FEDS series [View] (2015-12, 19.12.2015)

JEL: C5, E4, G1

Does Exporting Improve Matching? Evidence from French Employer-Employee Data

Board of Governors of the Federal Reserve System FEDS series [View] (2015-12, 19.12.2015)