Central Bank Research Hub - What's new

Title Author(s)

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

Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs

New York Fed Staff reports [View] (2015-07, 03.07.2015)

JEL: G28, I22

Added onto the Research Hub on 01.07.2015

Towards Recoupling? Assessing the Global Impact of a Chinese Hard Landing through Trade and Commodity Price Channels.

Bank of France Working Papers [View] (2015-06, 01.07.2015)

JEL: C32, E17, E32, F44, F47, Q2

Mortgage arrears in Europe: The impact of monetary and macroprudential policies

Swiss National Bank Working Papers [View] (2015-07-01, 01.07.2015)

JEL: D14, E58, G28

Transmission of Quantitative Easing: The Role of Central Bank Reserves

Swiss National Bank Working Papers [View] (2015-07-01, 01.07.2015)

JEL: E43, E52, E58, G12

Is the Intrinsic Value of Macroeconomic News Announcements Related to their Asset Price Impact?

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-30, 30.06.2015)

JEL: E44, G14

Added onto the Research Hub on 29.06.2015

The effects of special economic zones on employment and investment: spatial panel modelling perspective

National Bank of Poland Working papers [View] (2000, 29.06.2015)

JEL: H25, H32, R3

On the importance of the dual labour market for a country within a monetary union

National Bank of Poland Working papers [View] (2000, 29.06.2015)

JEL: C23, F02, J68

Added onto the Research Hub on 28.06.2015

Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays

New York Fed Staff reports [View] (2015-06, 25.06.2015)

JEL: D12, D14, G1, K10

Wealth effects on consumption across the wealth distribution: empirical evidence

European Central Bank Working papers [View] (2015-06-25, 28.06.2015)

JEL: C21, D12, E21

Inflation Expectations and Monetary Policy Design: Evidence from the Laboratory

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-26, 28.06.2015)

JEL: C91, C92, E37, E52

An alternative view of exchange market pressure episodes in emerging Europe: an analysis using Extreme Value Theory (EVT)

European Central Bank Working papers [View] (2015-06-25, 28.06.2015)

JEL: C10, E44, F32, F37, G01

Euro area business cycles in turbulent times: convergence or decoupling?

European Central Bank Working papers [View] (2015-06-26, 28.06.2015)

JEL: C51, E32, O52

Sovereign stress, unconventional monetary policy, and SME access to finance

European Central Bank Working papers [View] (2015-06-26, 28.06.2015)

JEL: D22, E58, G21, H63

Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis

European Central Bank Working papers [View] (2015-06-26, 28.06.2015)

JEL: D92, G01, G21, J23, J31

Financial integration and growth correlation in Sub-Saharan Africa

Bank of France Working Papers [View] (2015-06, 28.06.2015)

JEL: F36, G21, O16

The Impact of Firm Financing Constraints on R&D over the Business Cycle

Bank of Estonia Working papers [View] (2015-06-25, 28.06.2015)

JEL: E32, O16, O32, O52, P23

The Perils of Peer Punishment: Evidence from a Common Pool Resource Experiment

Bank of Mexico Working Papers [View] (2015-06, 28.06.2015)

JEL: C93, D03, O12

Protecting Working-Age People with Disabilities: Experiences of Four Industrialized Nations

San Francisco Fed Working Papers [View] (2015-06, 28.06.2015)

Added onto the Research Hub on 24.06.2015

Monetary policy and sovereign debt vulnerability

Bank of Spain Working Papers [View] (2000-06, 24.06.2015)

JEL: E5, E62, F34

Quantitative effects of the shale oil revolution

Bank of Spain Working Papers [View] (2000-06, 24.06.2015)

JEL: E17, Q41

From Micro to Macro: Demand, Supply, and Heterogeneity in the Trade Elasticity

Bank of France Working Papers [View] (2015-06, 23.06.2015)

JEL: F1

Added onto the Research Hub on 22.06.2015

On the predictability of narrative fiscal adjustments

Bank of Spain Working Papers [View] (2000-06, 22.06.2015)

JEL: E62, H60

Macroeconomic Effects of Banking Sector Losses across Structural Models

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-19, 19.06.2015)

JEL: E32, E44, E47

Slow capital, fast prices: Shocks to funding liquidity and stock price reversals

Board of Governors of the Federal Reserve System FEDS series [View] (2015-06-19, 19.06.2015)

Added onto the Research Hub on 19.06.2015

Fiscal consolidation after the Great Recession: the role of composition

Bank of Spain Working Papers [View] (2000-06, 19.06.2015)

JEL: E12, E62, E63, H12

Spillovers and euroscepticism

European Central Bank Working papers [View] (2015-06-19, 19.06.2015)

JEL: D72, E02, F15, H63, J64

Added onto the Research Hub on 18.06.2015

Growth effect of FDI in developing economies: The role of institutional quality

Bank of France Working Papers [View] (2015-06, 18.06.2015)

JEL: C34, F21, F43, O16

VAR for VaR: measuring tail dependence using multivariate regression quantiles

European Central Bank Working papers [View] (2015-06-18, 18.06.2015)

JEL: C13, C14, C32

A new identification of fiscal shocks based on the information flow

European Central Bank Working papers [View] (2015-06-18, 18.06.2015)

JEL: C32, E32, E62

Bancarizing with Credit Cards: Experimental Evidence on Interest Rates and Minimum Payments Elasticities for New Clients

Bank of Mexico Working Papers [View] (2015-06, 18.06.2015)

JEL: D14, D18, D82, G21

Added onto the Research Hub on 17.06.2015

The relationship between structural and cyclical features of the EU financial sector

European Central Bank Working papers [View] (2015-06-17, 17.06.2015)

JEL: E44, E61, G18, G21, G28

Capturing the financial cycle in Europe

European Central Bank Working papers [View] (2015-06-17, 17.06.2015)

JEL: E30, E44, E61

The behaviour of housing developers and aggregate housing supply

National Bank of Poland Working papers [View] (2000, 17.06.2015)

JEL: M2, O18, R31

Covariate-augmented unit root tests with mixed-frequency data

Bank of Portugal Working papers [View] (2015-06, 17.06.2015)

JEL: C12, C15, C22

Banking and currency crises: differential diagnostics for developed countries

European Central Bank Working papers [View] (2015-06-16, 16.06.2015)

JEL: C14, E44, F37, F47, G01

Do banks' overnight borrowing rates lead their CDS Price? evidence from the Eurosystem

European Central Bank Working papers [View] (2015-06-16, 16.06.2015)

JEL: G01, G14, G21

Added onto the Research Hub on 15.06.2015

Has the publication of minutes helped markets to predict the monetary policy decisions of the Bank of England's MPC?

European Central Bank Working papers [View] (2015-06-15, 15.06.2015)

JEL: C34, D78, E52, E58

Does Uncertainty Affect Participation in the European Central Bank's Survey of Professional Forecasters?

European Central Bank Working papers [View] (2015-06-15, 15.06.2015)

JEL: D81, D84, E66

Added onto the Research Hub on 12.06.2015

Default near-the-default-point: the value of and the distance to default

Bank of Spain Working Papers [View] (2000-06, 12.06.2015)

JEL: G13, G21, G28, G33

Staying at Zero with Affine Processes: An Application to Term Structure Modelling

Bank of France Working Papers [View] (2015-06, 12.06.2015)

JEL: E43, G12

Credit market disequilibrium in Greece (2003-2011) - A Bayesian Approach

European Central Bank Working papers [View] (2015-06-12, 12.06.2015)

JEL: C32, D50, E42, E44, G21, G28, P00

Will the True Labor Share Stand Up?

European Central Bank Working papers [View] (2015-06-12, 12.06.2015)

JEL: C82, E25, E32

Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System

St Louis Fed Working Papers [View] (2015-06, 11.06.2015)

JEL: E58, N21, N22

The information content of money and credit for US activity

European Central Bank Working papers [View] (2015-06-11, 11.06.2015)

JEL: E41, E52, E58

Bank bailouts and competition - Did TARP distort competition among sound banks?

European Central Bank Working papers [View] (2015-06-11, 11.06.2015)

JEL: C30, C78, G21, G28, L51

Added onto the Research Hub on 11.06.2015

Innovation and Top Income Inequality

Bank of France Working Papers [View] (2015-06, 11.06.2015)

JEL: D63, J14, J15, O30, O31, O33, O34, O40, O43, O47

Sectoral Change and Labour Productivity Growth during Boom, Bust and Recovery in Central and Eastern Europe

Bank of Estonia Working papers [View] (2015-06-10, 11.06.2015)

JEL: E32, L16, P23

Added onto the Research Hub on 10.06.2015

What has driven inflation dynamics in the Euro area, the United Kingdom and the United States

European Central Bank Working papers [View] (2015-06-10, 10.06.2015)

JEL: C22, C32, E31, E52

BOFIT Discussion Paper 20/2015: The geographic distribution of international currencies and RMB internationalization

Bank of Finland BOFIT Discussion Papers [View] (2015, 10.06.2015)

JEL: F33, F36, G15

Fiscal multipliers and beyond

European Central Bank Occasional papers [View] (2015-06-10, 10.06.2015)

JEL: E6, H30, H60

The Implementation of Stabilization Policy.

Bank of France Working Papers [View] (2015-05, 09.06.2015)

JEL: E52, E61

Added onto the Research Hub on 09.06.2015

Leading indicators of financial stress: New evidence

Netherlands Bank DNB Working Papers [View] (2015-06-09, 09.06.2015)

JEL: E5, G10

Communication about future policy rates in theory and practice: A Survey

Netherlands Bank DNB Working Papers [View] (2015-06-09, 09.06.2015)

JEL: E52, E58