Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 24.04.2017

Components of uncertainty

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-04-18, 18.04.2017)

JEL: D80, E32, E66

Norwegian interbank markets response to changes in liquidity policy

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-04-20, 20.04.2017)

JEL: E43, E58, G21

Systematic Cojumps, Market Component Portfolios and Scheduled Macroeconomic Announcements

St Louis Fed Working Papers [View] (2017-04, 20.04.2017)

JEL: C1, E44, G11, G12

Forward guidance through interest rate projections: does it work?

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-04-19, 19.04.2017)

JEL: E43, E44, E52, E58, G12

Necessity as the mother of invention: monetary policy after the crisis

European Central Bank Working papers [View] (2017-04-19, 19.04.2017)

JEL: E52, E58

EU consumers quantitative inflation perceptions and expectations: an evaluation

European Central Bank Occasional papers [View] (2017-04-19, 19.04.2017)

JEL: D12, D8, E31

Accounting for Real Exchange Rates Using Micro-Data

Bank of Canada Working papers [View] (2017-04-20, 21.04.2017)

JEL: F3

External debt composition and domestic credit cycles

Bank for International Settlements Working papers [View] (2017-04-21, 21.04.2017)

JEL: E10, E40, E47, E50

Firm growth in Europe: an overview based on the CompNet labour module

European Central Bank Working papers [View] (2017-04-21, 21.04.2017)

JEL: J23, L11, L25

A Tractable Model of Monetary Exchange with Ex-Post Heterogeneity

Richmond Fed Working Papers [View] (2017-04, 21.04.2017)

JEL: E40, E50

International Transmission of Japanese Monetary Shocks Under Low and Negative Interest Rates: A Global Favar Approach

San Francisco Fed Working Papers [View] (2017-04, 20.04.2017)

JEL: C3, E5, E52, E58, F37, F42

Vertical Specialization and Gains from Trade

Bank of Canada Working papers [View] (2017-04-20, 21.04.2017)

JEL: F11, F14, F60

Downward Nominal Wage Rigidity Meets the Zero Lower Bound

Bank of Canada Working papers [View] (2017-04-20, 21.04.2017)

JEL: E24, E32, E52

Constrained Efficiency with Adverse Selection and Directed Search

Bank of Canada Working papers [View] (2017-04-20, 21.04.2017)

JEL: D82, D83, E24, G1, J31, J64

Strategic Complementarities and Money Market Fund Liquidity Management

Bank of Canada Working papers [View] (2017-04-20, 21.04.2017)

JEL: F30, G01, G18, G20

Markov-Switching Three-Pass Regression Filter

Bank of Canada Working papers [View] (2017-04-20, 21.04.2017)

JEL: C22, C23, C53

How Does For-Profit College Attendance Affect Student Loans, Defaults, and Earnings?

New York Fed Staff reports [View] (2017-04, 22.04.2017)

JEL: H4, I2, J1

Added onto the Research Hub on 18.04.2017

Volatility spillovers of Federal Reserve and ECB balance sheet expansions to emerging market economies

European Central Bank Working papers [View] (2017-04-12, 12.04.2017)

JEL: F16, F3, F4, G1

The impact of firrms financial position on fixed investment and employment. An analysis for Spain

Bank of Spain Working Papers [View] (2017-04, 11.04.2017)

JEL: C33, E22, E24, E44, G32, J23

ECB-Global: introducing ECB's global macroeconomic model for spillover analysis

European Central Bank Working papers [View] (2017-04-18, 18.04.2017)

JEL: C51, E30, E50

Volatility Risk Premia and Future Commodity Returns

Central Bank of Brazil Working Papers [View] (2017-04, 18.04.2017)

JEL: F37, G15, G17, Q02

Low Real Interest Rates and the Zero Lower Bound

St Louis Fed Working Papers [View] (2017-04, 13.04.2017)

Home sweet home: the home bias in trade in the European Union

European Central Bank Working papers [View] (2017-04-18, 18.04.2017)

JEL: F02, F14, F15

Added onto the Research Hub on 15.04.2017

Oil, Volatility and Institutions: Cross-Country Evidence from Major Oil Producers

Dallas Fed Institute Working Papers [View] (2017-04, 15.04.2017)

JEL: C23, E02, F43, O13, Q32

Added onto the Research Hub on 11.04.2017

Monetary policy's rising FX impact in the era of ultra-low rates

Bank for International Settlements Working papers [View] (2017-04-11, 11.04.2017)

JEL: E52, E58, F31

Added onto the Research Hub on 10.04.2017

Debt sustainability analysis for euro area sovereigns: a methodological framework

European Central Bank Occasional papers [View] (2017-04-10, 10.04.2017)

JEL: E62, H62, H63, H68

Bank stress testing under different balance sheet assumptions

Deutsche Bundesbank Discussion Papers [View] (2017-04-10, 10.04.2017)

JEL: G11, G21

Scarcity effects of QE: A transaction-level analysis in the Bund market

Bank for International Settlements Working papers [View] (2017-04-10, 10.04.2017)

JEL: E52, E63, G11, G12, H63

Added onto the Research Hub on 07.04.2017

Conditional forecasting with DSGE models - A conditional copula approach

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-04-07, 07.04.2017)

JEL: C53, E37, E47, E52

Using bank loans as collateral in Europe : The role of liquidity and funding purposes

National Bank of Belgium Working Papers [View] (2017-04, 07.04.2017)

JEL: E52, E58, F36, G01

Added onto the Research Hub on 06.04.2017

Does exchange rate depreciation have contractionary effects on firm-level investment?

Bank for International Settlements Working papers [View] (2017-04-06, 06.04.2017)

JEL: E2, E3, F2, F3

Has the Fed responded to house and stock prices? A time-varying analysis

Bank of Spain Working Papers [View] (2017-04, 06.04.2017)

JEL: C32, E44, E52, E58

Added onto the Research Hub on 05.04.2017

Lower bound beliefs and long-term interest rates

Swiss National Bank Working Papers [View] (2017-04-05, 05.04.2017)

JEL: E43, E52

International inflation spillovers through input linkages

Bank for International Settlements Working papers [View] (2017-04-05, 05.04.2017)

JEL: E31, E52, E58, F02, F14, F33, F41, F42, F62

Anticipated Technology Shocks: A ReEvaluation Using Cointegrated Technologies

Bank of Canada Working papers [View] (2017-04-04, 05.04.2017)

JEL: E32

Commodity Price Risk Management and Fiscal Policy in a Sovereign Default Model

Bank of Mexico Working Papers [View] (2017-04, 05.04.2017)

JEL: F34, F41, F44

Added onto the Research Hub on 03.04.2017

A dynamic theory of mutual fund runs and liquidity management

European Systemic Risk Board Working papers [View] (2017-04-03, 03.04.2017)

JEL: D92, G01, G21, G23, G32, G33

Financial frictions and the real economy

European Systemic Risk Board Working papers [View] (2017-04-03, 03.04.2017)

JEL: C15, E32, E44, G01

Did the crisis permanently scar the Portuguese labour market? Evidence from a Markov-switching Beveridge curve analysis

European Central Bank Working papers [View] (2017-04-03, 03.04.2017)

JEL: C23, C24, J63, J64, J65

Threshold effects of financial stress on monetary policy rules: a panel data analysis

European Central Bank Working papers [View] (2017-04-03, 03.04.2017)

JEL: C23, C24, E31, E44, E52, E58

Added onto the Research Hub on 31.03.2017

Central clearing and risk transformation

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-03-31, 31.03.2017)

Added onto the Research Hub on 30.03.2017

Interest Rate Conundrums in the Twenty-First Century

New York Fed Staff reports [View] (2017-03, 30.03.2017)

JEL: E43, E52, G12

Scarcity effects of QE: a transaction-level analysis in the Bund market

Deutsche Bundesbank Discussion Papers [View] (2017-03-30, 30.03.2017)

JEL: E52, E63, G11, G12, H63

Bank Panics and Scale Economies

St Louis Fed Working Papers [View] (2017-03, 30.03.2017)

JEL: G01, G21, G28

Added onto the Research Hub on 29.03.2017

Intuitive and Reliable Estimates of the Output Gap from a Beveridge-Nelson Filter

Reserve Bank of New Zealand Discussion Papers [View] (2017-03-29, 29.03.2017)

JEL: C18, E17, E32

A New Normal for Interest Rates? Evidence from Inflation-Indexed Debt

San Francisco Fed Working Papers [View] (2017-03, 29.03.2017)

JEL: C32, E43, E52, G12

The financial fragility of Estonian households: Evidence from stress tests on the HFCS microdata

Bank of Estonia Working papers [View] (2017-03-29, 29.03.2017)

JEL: D14, E43, G21

How does risk flow in the credit default swap market?

European Central Bank Working papers [View] (2017-03-29, 29.03.2017)

JEL: G10, G15

Fiscal spillovers in the euro area a model-based analysis

European Central Bank Working papers [View] (2017-03-29, 29.03.2017)

JEL: E32, E42, F42, F45

Liquidity Premiums on Government Debt and the Fiscal Theory of the Price Level

St Louis Fed Working Papers [View] (2017-03, 29.03.2017)

JEL: E31, E62

Added onto the Research Hub on 28.03.2017

STEM graduates and secondary school curriculum: does early exposure to science matter?

Bank of Italy Working Papers [View] (2017-03-28, 28.03.2017)

JEL: H52, I23, J24

I will survive. Pricing strategies of financially distressed firms

Bank of Italy Working Papers [View] (2017-03-28, 28.03.2017)

JEL: C25, D22, L11

Taxation and housing markets with search frictions

Bank of Italy Working Papers [View] (2017-03-28, 28.03.2017)

JEL: E62, R21, R31

Fiscal delegation in a monetary union: instrument assignment and stabilization properties

Bank of Spain Working Papers [View] (2017-03, 28.03.2017)

JEL: E61, E62, F41, H63

Added onto the Research Hub on 27.03.2017

Central banks preferences and banking sector vulnerability

Bank of Estonia Working papers [View] (2017-03-27, 27.03.2017)

JEL: E3, E44, E52, E58

A model-based analysis of the macroeconomic impact of the refugee migration to Germany

Deutsche Bundesbank Discussion Papers [View] (2017-03-27, 27.03.2017)

JEL: E24, F22, J31, J61

Added onto the Research Hub on 25.03.2017

Sticky Wages, Monetary Policy and Fiscal Policy Multipliers

St Louis Fed Working Papers [View] (2017-03, 25.03.2017)

Added onto the Research Hub on 24.03.2017

External financing and economic activity in the euro area - Why are bank loans special?

Deutsche Bundesbank Discussion Papers [View] (2017-03-24, 24.03.2017)

JEL: E30, E40, E50, G20, G30

TFP growth and commodity prices in emerging economies

Bank of Spain Working Papers [View] (2017-03, 24.03.2017)

JEL: C11, C23, O47, Q02

External financing and economic activity in the euro area - why are bank loans special?

Bank for International Settlements Working papers [View] (2017-03-24, 24.03.2017)

JEL: E30, E40, E50, G20, G30

Added onto the Research Hub on 23.03.2017

Macro policy responses to natural resource windfalls and the crash in commodity prices

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: E60, F34, F35, F43, H21, H63, O11, Q33

The dynamics of investment projects: evidence from Peru

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: E43, E51, E52

Commodity price risk management and fiscal policy in a sovereign default model

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: F34, F41, F44

Volatility risk premia and future commodities returns

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: F37, G15, G17, Q02

Business cycles in an oil economy

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: C11, E30, F41, F44

Oil, equities, and the zero lower bound

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: C81, E01, E30, F31, F41

Top-down vs. bottom-up? Reconciling the effects of tax and transfer shocks on output

Bank of Spain Working Papers [View] (2017-03, 23.03.2017)

JEL: E62, H20, H30

Bank Capital Redux: Solvency, Liquidity, and Crisis

San Francisco Fed Working Papers [View] (2017-03, 23.03.2017)

JEL: E44, G01, G21, N20

Should Platforms be Allowed to Charge Ad Valorem Fees?

Richmond Fed Working Papers [View] (2017-03, 23.03.2017)

JEL: D4, H5, L5

Added onto the Research Hub on 22.03.2017

What are the effects of changes in taxation and new types of mortgages on the real economy? - The case of Denmark during the 00's

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-03-22, 22.03.2017)

JEL: E17, E32, E62, E65, F41

Added onto the Research Hub on 21.03.2017

Currency wars or efficient spillovers?

Bank for International Settlements Working papers [View] (2017-03-21, 21.03.2017)

JEL: D61, F13, F33, F42

Added onto the Research Hub on 20.03.2017

An estimated two-country EA-US model with limited exchange rate pass-through

National Bank of Belgium Working Papers [View] (2017-03, 20.03.2017)

JEL: C11, E32, E37, F41

Added onto the Research Hub on 18.03.2017

Investment Price Rigidity and Business Cycles

Central Bank of Luxembourg Working Papers [View] (2017-03, 10.03.2017)

JEL: C32, E32

Can Italy Grow Out of Its NPL Overhang? A Panel Threshold Analysis

Dallas Fed Institute Working Papers [View] (2017-03, 10.03.2017)

JEL: C23, E44, G33

The Pre-Crisis Monetary Policy Implementation Framework

New York Fed Staff reports [View] (2017-03, 18.03.2017)

JEL: E52, E58, N10

Added onto the Research Hub on 17.03.2017

Fire sales, indirect contagion and systemic stress testing

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-03-17, 17.03.2017)

Macroeconomic effects of secondary market trading

European Central Bank Working papers [View] (2017-03-17, 17.03.2017)

JEL: E32, E44, G01

Non-Parametric Estimation of Marginal Propensities to Consume: The Case of Regression Splines

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-03-17, 17.03.2017)

JEL: C51, E21, E6

Benchmarking institutional and structural indicators in EU candidate and potential candidate countries

European Central Bank Occasional papers [View] (2017-03-17, 17.03.2017)

JEL: F13, F15, G21, O11, O43

Added onto the Research Hub on 16.03.2017

To stay or go? Consumer bank switching behaviour after government interventions

Netherlands Bank DNB Working Papers [View] (2017-03-16, 16.03.2017)

JEL: D14, G21, G28

X-efficiency and economies of scale in pension fund administration and investment

Netherlands Bank DNB Working Papers [View] (2017-02-23, 16.03.2017)

JEL: G23, L1

Added onto the Research Hub on 15.03.2017

Capital Goods Trade, Relative Prices, and Economic Development

St Louis Fed Working Papers [View] (2017-03, 15.03.2017)

JEL: E22, F11, O11, O4

The time dimension of the links between loss given default and the macroeconomy

European Central Bank Working papers [View] (2017-03-15, 15.03.2017)

JEL: C02, G13, G33

Mapping the interconnectedness between EU banks and shadow banking entities

European Systemic Risk Board Working papers [View] (2017-03-15, 15.03.2017)

JEL: F65, G21, G23

News consumption, political preferences, and accurate views on inflation

Netherlands Bank DNB Working Papers [View] (2017-03-15, 15.03.2017)

JEL: D12, D83, D84, E31, E58

Quantitative easing and exuberance in government bond markets: Evidence from the ECB's expanded asset purchase program

Netherlands Bank DNB Working Papers [View] (2017-03-15, 15.03.2017)

JEL: E52, G12, G15

Direct democracy and government size: evidence from Spain

Bank of Spain Working Papers [View] (2017-03, 15.03.2017)

JEL: D7

Stagnation traps

European Central Bank Working papers [View] (2017-03-15, 15.03.2017)

JEL: E32, E43, E52, O42

Added onto the Research Hub on 14.03.2017

Decomposing financial (in)stability in emerging economies

European Systemic Risk Board Working papers [View] (2017-03-14, 14.03.2017)

JEL: E44, F65, G01, G15, G21, G23

Fiscal reaction function and fiscal fatigue: evidence for the euro area

European Central Bank Working papers [View] (2017-03-14, 14.03.2017)

JEL: C33, E62, F41, H60

Safe assets: a review

European Central Bank Working papers [View] (2017-03-14, 14.03.2017)

JEL: E41, E42, E44, G21

Added onto the Research Hub on 13.03.2017

Rethinking Detroit

Richmond Fed Working Papers [View] (2017-02, 04.02.2017)

Asymmetries in the interaction between housing prices and housing credit in Estonia

Bank of Estonia Working papers [View] (2017-03-13, 13.03.2017)

JEL: E32, E44, E51, G21, R21, R31

The implications of global and domestic credit cycles for emerging market economies: measures of finance-adjusted output gaps

European Central Bank Working papers [View] (2017-03-13, 13.03.2017)

JEL: C32, E32, F32

The inflation risk premium in the post-Lehman period

European Central Bank Working papers [View] (2017-03-13, 13.03.2017)

JEL: E44, G17

Added onto the Research Hub on 10.03.2017

SmallSample Tests for Stock Return Predictability with Possibly NonStationary Regressors and GARCHType Effects

Bank of Canada Working papers [View] (2017-03-10, 10.03.2017)

JEL: C12, C32, G14

Exploring the Nexus Between Inflation and Globalization Under Inflation Targeting Through the Lens of New Zealands Experience

Dallas Fed Institute Working Papers [View] (2017-03, 10.03.2017)

JEL: C21, C23, C53, F41, F47, F62

Sentiment in Central Banks' Financial Stability Reports

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-03, 10.03.2017)

JEL: G15, G28

Flight to liquidity and systemic bank runs

European Systemic Risk Board Working papers [View] (2017-03-10, 10.03.2017)

JEL: E44, E51, G20

SRISK: a conditional capital shortfall measure of systemic risk

European Systemic Risk Board Working papers [View] (2017-03-10, 10.03.2017)

JEL: C22, C23, C53, G01, G20