Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 19.12.2014

Monetary and macroprudential policy with multiperiod loans

National Bank of Poland Working papers [View] (2000, 19.12.2014)

JEL: E44, E51, E52

Fragmentation in the euro overnight unsecured money market

European Central Bank Working papers [View] (2014-12-19, 19.12.2014)

JEL: E5, G1

The coevolution of money markets and monetary policy, 1815-2008

European Central Bank Working papers [View] (2014-12-19, 19.12.2014)

JEL: E52, G15, N20

Added onto the Research Hub on 18.12.2014

Determinants of Reservation Wages: Empirical Evidence for Estonia

Bank of Estonia Working papers [View] (2014-12-18, 18.12.2014)

JEL: J31, J64

Consumption behaviour and financial crisis in the Netherlands

Netherlands Bank DNB Working Papers [View] (2014-12-18, 18.12.2014)

JEL: D12, D91, E21

SMEs, financial constraints and growth

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: E22, G30, L16, O16

Exchange rate risk and local currency sovereign bond yields in emerging markets

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: E43, E44

Liquidity Risk and the Credit Crunch of 2007-2008: Evidence from Micro-Level Data on Mortgage Loan Applications

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: E51, G21, G28

MRO bidding in the presence of LTROs: an empirical analysis of the pre-crisis period

European Central Bank Working papers [View] (2014-12-18, 18.12.2014)

JEL: D44, D53, D84, E43, E50, G10, G21

Financial inclusion and optimal monetary policy

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: E52, G21, O23

New evidence on elementary index bias

European Central Bank Working papers [View] (2014-12-18, 18.12.2014)

JEL: C43, E31

Has the transmission of policy rates to lending rates been impaired by the Global Financial Crisis?

Bank for International Settlements Working papers [View] (2014-12-18, 18.12.2014)

JEL: C32, E43, E52

Added onto the Research Hub on 17.12.2014

How do exporters react to changes in cost competitiveness?

European Central Bank Working papers [View] (2014-12-17, 17.12.2014)

JEL: F1, F16, F4

Added onto the Research Hub on 16.12.2014

Implementing monetary policy in a fragmented monetary union

Bank of France Working Papers [View] (2014-12, 16.12.2014)

JEL: E42, E43, E52, E58, F32

Facing Volatile Capital Flows: The Role of Exchange Rate Flexibility and Foreign Assets

Central Bank of Chile Working Papers [View] (2014-12, 16.12.2014)

Bailouts and Prudential Policies - A Delicate Interaction

Central Bank of Chile Working Papers [View] (2014-12, 16.12.2014)

Updating the euro area Phillips curve: the slope has increased

Bank of Finland Discussion Papers [View] (2014, 16.12.2014)

JEL: E31, E32, E52

Assessing the macroeconomic effects of LTROS

Bank of France Working Papers [View] (2014-12, 16.12.2014)

JEL: E32, E58

Linking distress of financial institutions to macrofinancial shocks

European Central Bank Working papers [View] (2014-12-16, 16.12.2014)

JEL: C33, G33

How do financial institutions forecast sovereign spreads?

European Central Bank Working papers [View] (2014-12-16, 16.12.2014)

JEL: E62, G10, H30

Effect of Safe Assets on Financial Fragility in a Bank-Run Model

Cleveland Fed Working papers [View] (2014-12, 16.12.2014)

JEL: D8, G21

Added onto the Research Hub on 15.12.2014

Optimal forecasts from Markov switching models

Netherlands Bank DNB Working Papers [View] (2014-12-15, 15.12.2014)

JEL: C25, C53, E37

Does the Stability and Growth Pact induce a bias in the EC's fiscal forecasts

Netherlands Bank DNB Working Papers [View] (2014-12-15, 15.12.2014)

JEL: C53, E62, H3, H68

Added onto the Research Hub on 12.12.2014

Flight-to-liquidity flows in the euro area sovereign debt crisis

Bank of Spain Working Papers [View] (2000-12, 12.12.2014)

JEL: G01, G12, H63

Added onto the Research Hub on 10.12.2014

Sovereign ratings and their asymmetric response to fundamentals

Bank of Spain Working Papers [View] (2000-12, 10.12.2014)

JEL: C33, G24

Added onto the Research Hub on 09.12.2014

Asset Pricing with Horizon-Dependent Risk Aversion

New York Fed Staff reports [View] (2014-12, 09.12.2014)

JEL: D03, D90, G02, G12

Added onto the Research Hub on 08.12.2014

Yield Curve and Monetary Policy Expectations in Small Open Economies

Kansas City Fed Working Papers [View] (2014-11, 24.11.2014)

Mortgage-related Financial Difficulties: Evidence from Australian Micro-level Data

Reserve Bank of Australia Research Discussion Papers [View] (2014-11, 25.11.2014)

JEL: G21, R29, R31

What We Don't Know Doesn't Hurt Us: Rational Inattention and the Permanent Income Hypothesis in General Equilibrium

Kansas City Fed Working Papers [View] (2014-11, 25.11.2014)

JEL: C61, D83, E21

Mortgage risks, debt literacy and financial advice

Netherlands Bank DNB Working Papers [View] (2014-11, 25.11.2014)

JEL: D12, D14, D83, G21

Equilibrium Sovereign Default with Exchange Rate Depreciation

St Louis Fed Working Papers [View] (2014-11, 25.11.2014)

JEL: F11, F17, F34

Measuring financial conditions in major non-euro area economies

European Central Bank Working papers [View] (2014-11-28, 28.11.2014)

JEL: C43, E37, E44, G1

Mapping the UK interbank system

Bank of England Working papers [View] (2014-11-28, 28.11.2014)

JEL: D85, G21, L14

News, Housing Boom-Bust Cycles, and Monetary Policy

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: E3, E4, E5

Nowcasting Norway

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: C32, C53, E37

Analysis of aggregated inflation expectations based on the ECB SPF survey

Bank of Finland Discussion Papers [View] (2014, 28.11.2014)

JEL: C53, E31, E37

Optimal contracts, aggregate risk and the financial accelerator

Bank of England Working papers [View] (2014-11-28, 28.11.2014)

JEL: C32, E32

The Aggregate Demand Effects of Short- and Long-Term Interest Rates

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: E43, E44, E50

Introducing Funding Liquidity Risk in a Macro Stress-Testing Framework

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: C72, E58, G01, G21, G28

Financial Stability and Central Bank Governance

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: E58, G18, G34, G38

Monetary and Labor Interactions in a Monetary Union

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: E42, E58, F33, F41, J5

Bank Market Power and Monetary Policy Transmission

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: C14, E44, E52, G21

The Role of Counterparty Risk in CHAPS Following the Collapse of Lehman Brothers

IJCB International Journal of Central Banking [View] (2014-12, 01.12.2014)

JEL: E42

Model of the United States economy with learing MUSEL

European Central Bank Working papers [View] (2014-12, 02.12.2014)

JEL: C51, C6, E5

The Sensitivity of Housing Demand to Financing Conditions: Evidence from a Survey

New York Fed Staff reports [View] (2014-11, 02.12.2014)

JEL: E44, G21, R21

Retail market structure and consumer prices in the euro area

European Central Bank Working papers [View] (2014-12, 02.12.2014)

JEL: E31, L1, L4, L8

Household Debt and Local Public Finances

Cleveland Fed Working papers [View] (2014-12, 02.12.2014)

JEL: H71, H72, R51

A Dynamic Factor Model for Icelandic Core Inflation

Central Bank of Iceland Working Papers [View] (2014-11, 01.12.2014)

JEL: C32, E31, E32, E52

The Evolution of Payment Costs in Australia

Reserve Bank of Australia Research Discussion Papers [View] (2014-12, 03.12.2014)

JEL: E4, G2, L2

The Piketty Transition

Cleveland Fed Working papers [View] (2014-12, 02.12.2014)

JEL: D31, D33, D52, E21

Real exchange rates and fundamentals: robustness across alternative model specifications

Swiss National Bank Working Papers [View] (2014-10, 03.12.2014)

JEL: C11, C33, F31, F32, F41

Determinants of the Swiss Franc Real Exchange Rate

Swiss National Bank Working Papers [View] (2014-10, 03.12.2014)

How Public Information Affects Asymmetrically Informed Lenders: Evidence from a Credit Registry Reform

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2014-11, 03.12.2014)

JEL: G14, O16

Can Interest Rate Factors Explain Exchange Rate Fluctuations?

Dallas Fed Institute Working Papers [View] (2014-10, 03.12.2014)

JEL: E43, F31, G15

The informal sector in contemporary models of the aggregate economy

Bank of Mexico Working Papers [View] (2014-11, 03.12.2014)

JEL: E26, O17, O40

No Price Like Home: Global House Prices, 1870-2012

Dallas Fed Institute Working Papers [View] (2014-10, 03.12.2014)

JEL: N10, O10, R30, R40

Unprecedented Actions: The Federal Reserve's Response to the Global Financial Crisis in Historical Perspective

Dallas Fed Institute Working Papers [View] (2013-12, 03.12.2014)

JEL: E58, G01, N10, N20

On a new class of barrier options

Bank of Mexico Working Papers [View] (2014-11, 03.12.2014)

JEL: G10, G12, G13

A Multi-Country Approach to Forecasting Output Growth Using PMIs

Dallas Fed Institute Working Papers [View] (2014-11, 03.12.2014)

JEL: C53, E37

The Federal Reserve Engages the World (1970-2000): An Insider's Narrative of the Transition to Managed Floating and Financial Turbulence

Dallas Fed Institute Working Papers [View] (2014-10, 03.12.2014)

JEL: E4, E42, F3, F31, F32, F33, F34, F5, F52, F53

Exchange Rates Dynamics with Long-Run Risk and Recursive Preferences

Dallas Fed Institute Working Papers [View] (2014-11, 03.12.2014)

JEL: F31, F36, F41, F43, F44

The Macroeconomic Effects of Debt- and Equity-Based Capital Inflows

Dallas Fed Institute Working Papers [View] (2014-11, 03.12.2014)

JEL: F3, F4

Geographic Barriers to Commodity Price Integration: Evidence from US Cities and Swedish Towns, 1732-1860

Dallas Fed Institute Working Papers [View] (2014-11, 03.12.2014)

JEL: F61, N70

Hot Money and Quantitative Easing: The Spillover Effects of U.S. Monetary Policy on Chinese Housing, Equity and Loan Markets

Dallas Fed Institute Working Papers [View] (2014-11, 03.12.2014)

JEL: C3, E4, E5, F3

Identifying booms and busts in house prices under heterogeneous expectations

Netherlands Bank DNB Working Papers [View] (2014-12-03, 03.12.2014)

JEL: C53, R21, R31

Noisy Information, Distance and Law of One Price Dynamics Across US Cities

Dallas Fed Institute Working Papers [View] (2014-11, 03.12.2014)

JEL: D40, E31, F31

Can Leverage Constraints Help Investors?

Cleveland Fed Working papers [View] (2014-12, 03.12.2014)

JEL: G02, G11, G18

Trends and Cycles in Small Open Economies: Making the Case for a General Equilibrium Approach

Dallas Fed Institute Working Papers [View] (2014-11, 03.12.2014)

JEL: E32, F41

Banking reform, risk-taking, and earnings quality - Evidence from transition countries

Bank of Finland BOFIT Discussion Papers [View] (2014-12, 03.12.2014)

JEL: E50, G15, G18, G38, M41, M48

Local government debt and economic growth in China

Bank of Finland BOFIT Discussion Papers [View] (2014-12, 03.12.2014)

JEL: H74, O11, O53

Do the type of sukuk and choice of shari'a scholar matter?

Bank of Finland BOFIT Discussion Papers [View] (2014-12, 03.12.2014)

JEL: G14, P51

Cyclically Adjusted Current Account Balances

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2014-12-03, 04.12.2014)

JEL: E32, F17

Legal Institutions, Credit Markets, and Economic Activity

Cleveland Fed Working papers [View] (2014-12, 04.12.2014)

JEL: G21, G31, K12, N22, O43

Financial indicators signalling correlation changes in sovereign bond markets

European Central Bank Working papers [View] (2014-12, 04.12.2014)

JEL: F36, G12, G15

An Empirical Analysis of Racial Segregation in Higher Education

Cleveland Fed Working papers [View] (2014-12, 04.12.2014)

JEL: I23, I24, I28, J15

Trade networks and colonial trade spillovers

Bank of France Working Papers [View] (2014-12, 05.12.2014)

JEL: F14, F15

Inflation dynamics in a model with firm entry and (some) heterogeneity

Bank of Spain Working Papers [View] (2014-12, 05.12.2014)

JEL: E31, E32, L11, L16

A large Bayesian vector autoregression model for Russia

Bank of Finland BOFIT Discussion Papers [View] (2014-12, 05.12.2014)

JEL: C32, E32, E44, E47

The structural behavior of China-US trade flows

Bank of Finland BOFIT Discussion Papers [View] (2014-12, 05.12.2014)

JEL: F12, F41

Bank business models

Bank for International Settlements Quarterly Review [View] (2014-12, 07.12.2014)

JEL: D20, G21, L21, L25

The impact of outward FDI on the performance of Chinese multinationals

Bank of Finland BOFIT Discussion Papers [View] (2014-12, 05.12.2014)

Evaluating the robustness of UK term structure decompositions using linear regression methods

Bank of England Working papers [View] (2014-12-05, 05.12.2014)

JEL: E43, G10, G12

Search with Wage Posting under Sticky Prices

Kansas City Fed Working Papers [View] (2014-12, 06.12.2014)

JEL: E10, E30, E50, J60

Non-financial corporations from emerging market economies and capital flows

Bank for International Settlements Quarterly Review [View] (2014-12, 07.12.2014)

JEL: D21, F31, G32

Securitisations: tranching concentrates uncertainty

Bank for International Settlements Quarterly Review [View] (2014-12, 07.12.2014)

JEL: G24, G32

Currency movements drive reserve composition

Bank for International Settlements Quarterly Review [View] (2014-12, 07.12.2014)

JEL: E58, F31, F33

Added onto the Research Hub on 24.11.2014

The identification of fiscal and macroeconomic imbalances - unexploited synergies under the strengthened EU governance framework

European Central Bank Occasional papers [View] (2014-11, 19.11.2014)

The Importance of Updating: Evidence from a Brazilian Nowcasting Model

Board of Governors of the Federal Reserve System FEDS series [View] (2014-11, 19.11.2014)

JEL: C33, C53, E37

Gains from Offshoring? Evidence from U.S. Microdata

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2014-11, 19.11.2014)

JEL: F14, F16, F23, F61, F66

Science and technology parks in Italy: main features and analysis of their effects on the firms hosted

Bank of Italy Working Papers [View] (2014-10, 19.11.2014)

JEL: C31, L25, O31

Natural expectations and home equity extraction

Bank of Italy Working Papers [View] (2014-10, 19.11.2014)

JEL: D84, E31, E32, E44

Large banks, loan rate markup and monetary policy

Bank of Italy Working Papers [View] ( 2014-10, 19.11.2014)

JEL: E51, E52, G21

An estimated DSGE model with search and matching frictions in the credit market

Bank of Italy Working Papers [View] ( 2014-10, 19.11.2014)

JEL: C78, E13, E43, E44

Dif-in-dif estimators of multiplicative treatment effects

Bank of Italy Working Papers [View] (2014-10, 19.11.2014)

The scapegoat theory of the exchange rates: the first tests

Bank of Italy Working Papers [View] (2014-10, 19.11.2014)

JEL: F34, G12, G15

Informed trading and stock market efficiency.

Bank of Italy Working Papers [View] (2014-10, 19.11.2014)

JEL: D53, D82, G14

The determinants of household debt: a cross-country analysis

Bank of Italy Working Papers [View] (2014-10, 19.11.2014)

JEL: E21, G21, P5

The interest-rate sensitivity of the demand for sovereign debt. evidence from OECD countries (1995-2011)

Bank of Italy Working Papers [View] (2014-10, 19.11.2014)

JEL: E43, G12, H63

Optimal monetary policy rules and house prices: the role of financial frictions

Bank of Italy Working Papers [View] (2014-10, 19.11.2014)

JEL: E20, E44, E52

Financial Frictions, the Housing Market, and Unemployment

San Francisco Fed Working Papers [View] (2014-11, 19.11.2014)

JEL: D82, D83, E40, E50