Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 16.08.2017

A new approach to modelling banks' equity volatility: Adding time-to-maturity jumps

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-08-16, 16.08.2017)

JEL: C32, G01, G12, G21, G32

Import competition and household debt

New York Fed Staff reports [View] (2017-08-15, 15.08.2017)

JEL: D14, F6, G21

Added onto the Research Hub on 15.08.2017

Systemic Risk in Financial Systems: a feedback approach

Central Bank of Brazil Working Papers [View] (2017-08, 15.08.2017)

JEL: C63, G01, G21, G28

Added onto the Research Hub on 14.08.2017

Modelling Fire Sales From Regulatory Cliff Effects

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-08-08, 14.08.2017)

JEL: G21, G28

Added onto the Research Hub on 12.08.2017

On the effect of business and economic university education on political ideology : An empirical note

Bank of Finland Discussion Papers [View] (2017-08-11, 11.08.2017)

JEL: D72, I21, M2

Real effects of bank capital regulations : Global evidence

Bank of Finland Discussion Papers [View] (2017-08-12, 12.08.2017)

JEL: E6, G21, G28, O4

Efficiency and dependency in a network of linked permit markets

Bank of Finland Discussion Papers [View] (2017-08-09, 09.08.2017)

JEL: D41, F13, L14, Q54, Q58

Does social capital matter in corporate decisions? Evidence from corporate tax avoidance

Bank of Finland Discussion Papers [View] (2017-08-10, 10.08.2017)

JEL: A13, H26, M40, M41, Z13

Added onto the Research Hub on 11.08.2017

Monetary Policy in a Low Interest Rate World

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-10, 10.08.2017)

JEL: E52, E58

FinTech and Financial Innovation : Drivers and Depth

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-10, 10.08.2017)

JEL: G10, G18, G28

Added onto the Research Hub on 10.08.2017

The Effect of Bank Supervision on Risk Taking : Evidence from a Natural Experiment

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-09, 09.08.2017)

JEL: G01, G21, G28

Optimal Estimation of Multi-Country Gaussian Dynamic Term Structure Models Using Linear Regressions

Bank of Canada Working papers [View] (2017-08-10, 10.08.2017)

JEL: E43, F31, G12, G15

The risk-taking channel of monetary policy in the US : Evidence from corporate loan data

Bank of Finland Discussion Papers [View] (2017-08-07, 07.08.2017)

JEL: E43, E52, G01, G21

Secrecy, information shocks, and corporate investment : Evidence from European Union countries

Bank of Finland Discussion Papers [View] (2017-08-08, 08.08.2017)

JEL: D82, G31, M41

Added onto the Research Hub on 09.08.2017

Firm Leverage, Labor Market Size, and Employee Pay

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-08, 08.08.2017)

JEL: G32, J31

The propagation of industrial business cycles

Bank of Spain Working Papers [View] (2017-08, 09.08.2017)

JEL: C22, E27, E32

Added onto the Research Hub on 08.08.2017

The profitability of banks in a context of negative monetary policy rates: the cases of Sweden and Denmark

European Central Bank Occasional papers [View] (2017-08, 01.08.2017)

JEL: E58

Do managerial risk-taking incentives influence firms' exchange rate exposure?

Bank of Finland Discussion Papers [View] (2017-08-05, 05.08.2017)

JEL: G32

The impacts of intellectual property rights protection on cross-border M

Bank of Finland Discussion Papers [View] (2017-08-06, 06.08.2017)

JEL: C23, F43, G32, G34, O31, O34

Added onto the Research Hub on 07.08.2017

Foreign Currency Debt and Fixed Exchange Rate Regimes: the importance of implicit guarantees against currency devaluations

Central Bank of Brazil Working Papers [View] (2017-08, 07.08.2017)

JEL: F31, F34, G15, G18

Why should the world care? Analysis, mechanisms and spillovers of the destination based border adjusted tax

European Central Bank Working papers [View] (2017-08-07, 07.08.2017)

JEL: C68, E47, F41, F44, F62, O41

Added onto the Research Hub on 05.08.2017

Contracting with long-term consequences

Bank of Finland Discussion Papers [View] (2017-08-03, 03.08.2017)

JEL: C73, D82, D86

On moral hazard and persistent private information

Bank of Finland Discussion Papers [View] (2017-08-04, 04.08.2017)

JEL: D82, D86

How to Predict Financial Stress? An Assessment of Markov Switching Models

Bank of Canada Working papers [View] (2017-08-04, 05.08.2017)

JEL: C54, G01, G15

Added onto the Research Hub on 04.08.2017

Misallocation Costs of Digging Deeper into the Central Bank Toolkit

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-03, 03.08.2017)

JEL: E22, E51, E52, G21

Exporting and Frictions in Input Markets : Evidence from Chinese Data

Board of Governors of the Federal Reserve System FEDS series [View] (2017-08-03, 03.08.2017)

JEL: F12, F14

Sensitivity of the Eisenberg-Noe clearing vector to individual interbank liabilities

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-08-04, 04.08.2017)

Sources of the small firm financing premium: evidence from euro area banks

European Central Bank Working papers [View] (2017-08-04, 04.08.2017)

JEL: E51, G20, G21

The political economy of fiscal transparency and independent fiscal councils

European Central Bank Working papers [View] (2017-08-04, 04.08.2017)

JEL: E62, H6

Downward Nominal Wage Rigidity in Canada: Evidence Against a Greasing Effect

Bank of Canada Working papers [View] (2017-08-03, 04.08.2017)

JEL: E24, E52

Added onto the Research Hub on 03.08.2017

Household Credit and Local Economic Uncertainty

Philadelphia Fed Working Papers [View] (2017-08-03, 03.08.2017)

JEL: D14, D80, E52, G21

Added onto the Research Hub on 02.08.2017

Identifying the provisioning policies of Belgian banks

National Bank of Belgium Working Papers [View] (2017-08, 02.08.2017)

JEL: C23, G14, G21, G28, M41

Added onto the Research Hub on 01.08.2017

Two Big Distortions: Bank Incentives for Debt Financing

European Systemic Risk Board Working papers [View] (2017-08-01, 01.08.2017)

JEL: G21, G32, H25

Added onto the Research Hub on 31.07.2017

Appraising Home Purchase Appraisals

Philadelphia Fed Working Papers [View] (2017-07-31, 31.07.2017)

JEL: D81, G14, G21, G28, L85

Accounting for Growth in the Age of the Internet The Importance of Output-Saving Technical Change

Philadelphia Fed Working Papers [View] (2017-07-31, 31.07.2017)

JEL: E01, O3, O4

A new database for financial crises in European countries

European Systemic Risk Board Occasional papers [View] (2017-07-31, 31.07.2017)

JEL: E44, E58, E60, G01, H12

What drives export market shares? It depends! An empirical analysis using Bayesian Model Averaging

European Central Bank Working papers [View] (2017-07-31, 31.07.2017)

JEL: C23, C51, C55, F14, O52

Added onto the Research Hub on 30.07.2017

Credit Market Quality, Innovation and Trade

Central Bank of Brazil Working Papers [View] (2017-07, 02.08.2017)

JEL: F12, G11, O16

Added onto the Research Hub on 29.07.2017

Efficient Public Good Provision in Networks : Revisiting the Lindahl Solution

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-07-28, 28.07.2017)

JEL: D60, H41, O43

Added onto the Research Hub on 28.07.2017

Why Did the BOJ Not Achieve the 2 Percent Inflation Target with a Time Horizon of About Two Years? -- Examination by Time Series Analysis --

Bank of Japan Working Papers [View] (2017-07-28, 28.07.2017)

JEL: C32, E31, E52

Model averaging in Markov-Switching models: predicting national recessions with regional data

Bank of Spain Working Papers [View] (2017-07, 28.07.2017)

JEL: C53, E32, E37

Measuring business cycles intra-synchronization in US: a regime-switching interdependence framework

Bank of Spain Working Papers [View] (2017-07, 28.07.2017)

JEL: C32, C45, E32

The impact of taxes on income mobility

Bank of Spain Working Papers [View] (2017-07, 28.07.2017)

JEL: D31, D63, E24, E62, H24, H31

Multiple lending, credit lines and financial contagion

European Central Bank Working papers [View] (2017-07-28, 28.07.2017)

JEL: G21, G28

Added onto the Research Hub on 27.07.2017

Assessing the Fiscal Sustainability of the Czech Republic

Czech National Bank Research and Policy notes [View] (2017-07, 01.07.2017)

JEL: B12, B52

Equivalence between input-output and value-added economies

Bank of Mexico Working Papers [View] (2017-07, 27.07.2017)

JEL: C67, E10, E16

Added onto the Research Hub on 26.07.2017

Financial Regulation and Shadow Banking: A Small-Scale DSGE Perspective

Central Bank of Luxembourg Working Papers [View] (2017-07, 26.07.2017)

JEL: C32, E32

On secular stagnation and low interest rates: demography matters

European Central Bank Working papers [View] (2017-07-26, 26.07.2017)

JEL: C32, E52, J11

Added onto the Research Hub on 25.07.2017

Dotcom Price Spiral

Cleveland Fed Working papers [View] (2017-07-25, 25.07.2017)

JEL: G14, G24, L1, O33

Dotcom Extreme Underpricing

Cleveland Fed Working papers [View] (2017-07-25, 25.07.2017)

JEL: G14, G24, L1, O33

How Australians Pay: Evidence from the 2016 Consumer Payments Survey

Reserve Bank of Australia Research Discussion Papers [View] (2017-07, 01.07.2017)

JEL: D12, D14, E42

Added onto the Research Hub on 24.07.2017

Retrieving Implied Financial Networks from Bank Balance-Sheet and Market Data

Bank of Canada Working papers [View] (2017-07-24, 24.07.2017)

JEL: C63, D85

Information Contagion and Systemic Risk

Bank of Canada Working papers [View] (2017-07-24, 24.07.2017)

JEL: G01, G11, G21

Banking Panics and Output Dynamics

Philadelphia Fed Working Papers [View] (2017-07-24, 24.07.2017)

JEL: E32, E42, G21

Added onto the Research Hub on 22.07.2017

The response of multinationals foreign exchange rate exposure to macroeconomic news

St Louis Fed Working Papers [View] (2017-07, 22.07.2017)

JEL: E3, F3, F44, G14

Added onto the Research Hub on 21.07.2017

Behavioral Biases in Firms' Growth Expectations

Bank of Japan Working Papers [View] (2017-07-21, 21.07.2017)

JEL: D84, E03, E22

Guender. Credit Prices vs. Credit Quantities as Predictors of Economic Activity in Europe: Which Tell a Better Story?

Bank of Estonia Working papers [View] (2017-07-21, 21.07.2017)

JEL: E3, E4, G1

Adoption of a New Payment Method: Theory and Experimental Evidence

Bank of Canada Working papers [View] (2017-07-20, 21.07.2017)

JEL: C35, C83, C92, E41

Added onto the Research Hub on 20.07.2017

Firm Heterogeneity, Technological Adoption, and Urbanization: Theory and Measurement

Bank of Canada Working papers [View] (2017-07-19, 20.07.2017)

JEL: N61, O14, R13

Quantitative Easing and LongTerm Yields in Small Open Economies

Bank of Canada Working papers [View] (2017-07-19, 20.07.2017)

JEL: E43, E52, E58, G12

Added onto the Research Hub on 18.07.2017

Fintech Lending: Financial Inclusion, Risk Pricing, and Alternative Information

Philadelphia Fed Working Papers [View] (2017-07-18, 18.07.2017)

JEL: G18, G21, G28, L21

The Agglomeration of American Research and Development Labs

Philadelphia Fed Working Papers [View] (2017-07-18, 18.07.2017)

JEL: O31, R12

Added onto the Research Hub on 17.07.2017

Updating the Ultimate Forward Rate over Time: A Possible Approach

Czech National Bank Working papers [View] (2017-07, 17.07.2017)

JEL: E43, G22, L51, M2

Crimea and punishment: The impact of sanctions on Russian and European economies

Bank of Estonia Working papers [View] (2017-07-17, 17.07.2017)

JEL: C32, F51

Assessing the cyclical implications of IFRS 9 a recursive model

European Systemic Risk Board Occasional papers [View] (2017-07-17, 17.07.2017)

Added onto the Research Hub on 14.07.2017

The Federal Reserve's Portfolio and its Effect on Interest Rates

Board of Governors of the Federal Reserve System FEDS series [View] (2017-07, 01.07.2017)

JEL: E42, E52, N12, O23

What Remains of Milton Friedman's Monetarism?

Richmond Fed Working Papers [View] (2017-07, 14.07.2017)

JEL: B22

Asset Encumbrance, Bank Funding and Fragility

European Systemic Risk Board Working papers [View] (2017-07-14, 14.07.2017)

JEL: G01, G21, G28

The missing links: A global study on uncovering financial network structures from partial data

European Systemic Risk Board Working papers [View] (2017-07-14, 14.07.2017)

JEL: C63, D85, G20, L14

Economic importance of the logistics sector in Belgium

National Bank of Belgium Working Papers [View] (2017-07, 14.07.2017)

JEL: J21, L91, R11, R41

Echoes of Rising Tuition in Students Borrowing, Educational Attainment, and Homeownership in Post-Recession America

New York Fed Staff reports [View] (2017-07, 14.07.2017)

JEL: D14, E24, R21

Added onto the Research Hub on 13.07.2017

Monetary Policy Implementation in a Negative Rate Environment

Bank of Canada Working papers [View] (2017-07-13, 13.07.2017)

JEL: E40, E42, E43, G0

A DSGE Model with Financial Dollarization - the Case of Serbia

Czech National Bank Working papers [View] (2017-07, 13.06.2017)

JEL: E44, F41, F47

Added onto the Research Hub on 12.07.2017

The discontinuation of the EUR/CHF minimum exchange rate in January 2015: was it expected?

Bank for International Settlements Working papers [View] (2017-07-12, 12.07.2017)

JEL: C53, F31, F37

Pricing decisions under financial frictions: evidence from the WDN survey

Bank of Spain Working Papers [View] (2017-07, 12.07.2017)

JEL: C25, D22, L11

Housing and the tax system: how large are the distortions in the euro area?

European Central Bank Working papers [View] (2017-07-12, 12.07.2017)

JEL: D14, H24, H31

Credit market competition and the gender gap: evidence from local labor markets

European Central Bank Working papers [View] (2017-07-12, 12.07.2017)

JEL: G28, J16, J22

Added onto the Research Hub on 11.07.2017

Is There an On-the-Run Premium in TIPS?

San Francisco Fed Working Papers [View] (2017-05-31, 31.05.2017)

JEL: E43, E47, G12, G13

The TIPS Liquidity Premium

San Francisco Fed Working Papers [View] (2017-05-19, 19.05.2017)

JEL: E43, E47, G12, G13

Clearing the Fog: The Predictive Power of Weather for Employment Reports and their Asset Price Responses

San Francisco Fed Working Papers [View] (2017-06-14, 14.06.2017)

JEL: G17, J21, Q52, R11

The Disappointing Recovery of Output after 2009

San Francisco Fed Working Papers [View] (2017-06-17, 17.06.2017)

How Effective is Monetary Policy at the Zero Lower Bound? Identification Through Industry Heterogeneity

Board of Governors of the Federal Reserve System FEDS series [View] (2017-07-07, 07.07.2017)

JEL: E32, E43, E47, E52

The Impact of Price Controls in Two-sided Markets : Evidence from US Debit Card Interchange Fee Regulation

Board of Governors of the Federal Reserve System FEDS series [View] (2017-07-07, 07.07.2017)

JEL: G21, G28, L51

China's Current Account : External Rebalancing or Capital Flight?

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-06-19, 19.06.2017)

JEL: F14, F21, F32, G15

Interest Rate Volatility and Sudden Stops : An Empirical Investigation

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-07, 01.07.2017)

JEL: E3, E43, F34, F4, G12, G15, O11, O16

Dark pools in European equity markets: emergence, competition and implications

European Central Bank Occasional papers [View] (2017-07, 01.07.2017)

JEL: G10, G14, G18

How Large were the Effects of Emergency and Extended Benefits on Unemployment during the Great Recession and its Aftermath?

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-27, 27.06.2017)

JEL: E24, J6

Investment Commonality across Insurance Companies : Fire Sale Risk and Corporate Yield Spreads

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-28, 28.06.2017)

JEL: G11, G12, G18, G22

Nonlinearities in the Phillips Curve for the United States : Evidence Using Metropolitan Data

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-28, 28.06.2017)

JEL: E31

Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-30, 30.06.2017)

JEL: J00, J15, J16, J64, J7

The Credit Card Act and Consumer Finance Company Lending

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-29, 29.06.2017)

JEL: G21, G23, G28

A Price-Differentiation Model of the Interbank Market and Its Application to a Financial Crisis

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-16, 16.06.2017)

JEL: E50, G21

Measuring International Uncertainty : The Case of Korea

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-20, 20.06.2017)

JEL: C11, C32, E32

Consumer Mistakes and Advertising : The Case of Mortgage Refinancing

Board of Governors of the Federal Reserve System FEDS series [View] (2017-06-27, 27.06.2017)

JEL: D14, G21, M37

Optimal Monetary Policy under Negative Interest Rate

St Louis Fed Working Papers [View] (2017-05, 11.07.2017)

JEL: E12, E13, E31, E32, E41, E43, E51

Active labour market policies and short-time work arrangements: Evidence from a survey of Luxembourg firms

Central Bank of Luxembourg Working Papers [View] (2017-06, 11.07.2017)

JEL: C25, J63

Systemic Financial Sector and Sovereign Risks

Central Bank of Luxembourg Working Papers [View] (2017-06, 11.07.2017)

JEL: C1, E5, F3, G1

Added onto the Research Hub on 10.07.2017

Segmented money markets and covered interest parity arbitrage

Bank for International Settlements Working papers [View] (2017-07, 01.07.2017)

JEL: E43, F31, G15

The optimal conduct of central bank asset purchases

Deutsche Bundesbank Discussion Papers [View] (2017-07-10, 10.07.2017)

JEL: C61, E52, G11

Interest-Rate Liberalization and Capital Misallocations

San Francisco Fed Working Papers [View] (2017-07-10, 10.07.2017)

JEL: E44, G18, O41