Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 22.06.2017

Communication of monetary policy in unconventional times

European Central Bank Working papers [View] (2017-06-21, 21.06.2017)

JEL: E43, E52, E58

Identifying Dornbusch's Exchange Rate Overshooting with Structural VECs: Evidence from Mexico

Bank of Mexico Working Papers [View] (2017-06, 22.06.2017)

JEL: C32, C51, E10, E17

Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies

Bank of Mexico Working Papers [View] (2017-06, 22.06.2017)

JEL: E44, E52, E58

Added onto the Research Hub on 21.06.2017

Large Firm Dynamics and Secular Stagnation: Evidence from Japan and the U.S.

Bank of Japan Working Papers [View] (2017-06-21, 21.06.2017)

JEL: D21, E13, E23, E32

Destabilizing effects of bank overleveraging on real activity - an analysis based on a threshold MCS-GVAR

European Central Bank Working papers [View] (2017-06-21, 21.06.2017)

JEL: C13, C6, E2, E6

The evolution of inflation expectations in Japan

Bank for International Settlements Working papers [View] (2017-06-21, 21.06.2017)

JEL: E31, E58

Added onto the Research Hub on 20.06.2017

Foreign banks as shock absorbers in the financial crisis?

National Bank of Belgium Working Papers [View] (2017-06, 20.06.2017)

JEL: F34, G21, G32

Economic importance of the Belgian ports: Flemish maritime ports, Liège port complex and the port of Brussels - Report 2015

National Bank of Belgium Working Papers [View] (2017-06, 20.06.2017)

JEL: C67, H57, J21, L22, L91, L92, R15, R41

Macroprudential policy and bank risk

Bank for International Settlements Working papers [View] (2017-06-20, 20.06.2017)

JEL: E43, E58, G18, G28

The leverage ratio, risk-taking and bank stability

European Central Bank Working papers [View] (2017-06-20, 20.06.2017)

JEL: G01, G21, G28

When do countries implement structural reforms?

European Central Bank Working papers [View] (2017-06-20, 20.06.2017)

JEL: C23, D70, D72, P11, P16

Financial crises and the dynamic linkages between stock and bond returns

Deutsche Bundesbank Discussion Papers [View] (2017-06-20, 20.06.2017)

JEL: C32, C58, G15

Supply- and Demand-Side Factors in Global Banking

New York Fed Staff reports [View] (2017-06, 20.06.2017)

JEL: F34, G01, G21

How Did Chinas WTO Entry Benefit U.S. Consumers?

New York Fed Staff reports [View] (2017-06, 20.06.2017)

JEL: F12, F13, F14

Added onto the Research Hub on 19.06.2017

Understanding the CrossCountry Effects of US Technology Shocks

Bank of Canada Working papers [View] (2017-06-19, 19.06.2017)

JEL: E30, F41, F44, F62

Detecting Scapegoat Effects in the Relationship Between Exchange Rates and Macroeconomic Fundamentals

Bank of Canada Working papers [View] (2017-06-19, 19.06.2017)

JEL: C32, F31, G15

Estimating the impact of shocks to bank capital in the euro area

European Central Bank Working papers [View] (2017-06-19, 19.06.2017)

JEL: C11, C32, G21

Structural asymmetries and financial imbalances in the eurozone

European Central Bank Working papers [View] (2017-06-19, 19.06.2017)

JEL: F20, F32, G17

CDS and credit: Testing the small bang theory of the financial universe with micro data

Deutsche Bundesbank Discussion Papers [View] (2017-06-19, 19.06.2017)

JEL: G21

Accounting for debt service: the painful legacy of credit booms

Bank for International Settlements Working papers [View] (2017-06-19, 19.06.2017)

JEL: D14, E17, E44, G01

Added onto the Research Hub on 17.06.2017

Investors Appetite for Money-Like Assets: The Money Market Fund Industry after the 2014 Regulatory Reform

New York Fed Staff reports [View] (2017-06, 17.06.2017)

JEL: G2, G23, G28

Added onto the Research Hub on 16.06.2017

Financial Cycles: What are they and what do they look like in Denmark?

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-06-16, 16.06.2017)

M-PRESS-CreditRisk: A holistic micro- and macroprudential approach to capital requirements

Deutsche Bundesbank Discussion Papers [View] (2017-06-16, 16.06.2017)

JEL: C15, C23, C63, G21, G28

Added onto the Research Hub on 15.06.2017

Mortgage Default in an Estimated Model of the U.S. Housing Market

Bank of Mexico Working Papers [View] (2017-06, 15.06.2017)

JEL: C11, E44, G01, G21

The macroeconomic impact of the ECB's expanded asset purchase programme (APP)

European Central Bank Working papers [View] (2017-06-13, 15.06.2017)

JEL: C32, E44, E52, E58

The shifting drivers of global liquidity

Bank for International Settlements Working papers [View] (2017-06-15, 15.06.2017)

JEL: F34, G10, G21

Banking integration and house price comovement

European Systemic Risk Board Working papers [View] (2017-06-14, 15.06.2017)

JEL: F65, G21, R30

The real effects of bank capital requirements

European Systemic Risk Board Working papers [View] (2017-06-14, 15.06.2017)

JEL: E51, G21, G28

Regional Input-Output Matrices, an Application to Manufacturing Exports in Mexico

Bank of Mexico Working Papers [View] (2017-06, 15.06.2017)

JEL: R11, R12, R15

Variance Estimator in Complex Surveys using Linear Regression with Expansion Factor as Independent Variable

Bank of Mexico Working Papers [View] (2017-06, 15.06.2017)

JEL: C80, C83

Added onto the Research Hub on 14.06.2017

Banking globalization, local lending, and labor market effects : Micro-level evidence from Brazil

Bank of Finland BOFIT Discussion Papers [View] (2017-06-14, 14.06.2017)

JEL: E24, E44, G01, G21

Added onto the Research Hub on 13.06.2017

Currency co-movements in Asia-Pacific : The regional role of the Renminbi

Bank of Finland BOFIT Discussion Papers [View] (2017-06-13, 13.06.2017)

JEL: F31, F33

Added onto the Research Hub on 12.06.2017

Reducing large net foreign liabilities

European Central Bank Working papers [View] (2017-06-12, 12.06.2017)

JEL: F21, F32, F34

House prices and monetary policy in the euro area: evidence from structural VARs

European Central Bank Working papers [View] (2017-06-12, 12.06.2017)

JEL: C22, E21, E31, E44, E52

Added onto the Research Hub on 09.06.2017

Do Term Premiums Matter? Transmission via Exchange Rate Dynamics

Bank of Japan Working Papers [View] (2017-06-09, 09.06.2017)

JEL: E31, E52, E58

Simulating fire-sales in a banking and shadow banking system

European Systemic Risk Board Working papers [View] (2017-06-09, 09.06.2017)

JEL: C63, D85, G21, G23

Use of unit root methods in early warning of financial crises

European Systemic Risk Board Working papers [View] (2017-06-09, 09.06.2017)

JEL: G01, G14, G21

Monetary-fiscal interactions and the euro area's malaise

European Central Bank Working papers [View] (2017-06-09, 09.06.2017)

JEL: E31, E32, E63

Lobbying in Europe: new firm-level evidence

European Central Bank Working papers [View] (2017-06-09, 09.06.2017)

JEL: D72, D78, O38

Added onto the Research Hub on 08.06.2017

The international dimensions of macroprudential policies

Bank for International Settlements Working papers [View] (2017-06-08, 08.06.2017)

JEL: E3, E5, F3, F5, G1

Portfolio Selection by Households: An Empirical Analysis Using Dynamic Panel Data Models

Bank of Japan Working Papers [View] (2017-06-08, 08.06.2017)

JEL: C33, D14, D81, G11

Added onto the Research Hub on 07.06.2017

The effects of monetary policy shocks on inequality in Japan

Bank for International Settlements Working papers [View] (2017-06-07, 07.06.2017)

JEL: E3, E4, E5

Trusting banks in China

Bank of Finland BOFIT Discussion Papers [View] (2017-06-05, 05.06.2017)

JEL: G21, O16, P34

Added onto the Research Hub on 06.06.2017

What shapes social attitudes toward corruption in China? Micro-level evidence

Bank of Finland BOFIT Discussion Papers [View] (2016-12-05, 05.12.2016)

JEL: H11, K42, P16

Trust in banks

Bank of Finland BOFIT Discussion Papers [View] (2016-05-13, 13.05.2016)

JEL: G21, O16, Z1

Does bank competition reduce cost of credit? Cross-country evidence from Europe

Bank of Finland BOFIT Discussion Papers [View] (2016-03-30, 30.03.2016)

JEL: G21, L11

The Eurozone (expected) inflation: an option's eyes view

Bank of Spain Working Papers [View] (2017-06, 06.06.2017)

JEL: E31, E44, G13

Added onto the Research Hub on 03.06.2017

Wavelet decomposition of the financial cycle : An early warning system for financial tsunamis

Bank of Finland Discussion Papers [View] (2017-05-31, 31.05.2017)

JEL: C49, E32, E44

Added onto the Research Hub on 01.06.2017

Should Central Banks Worry About Nonlinearities of their Large-Scale Macroeconomic Models?

Bank of Canada Working papers [View] (2017-06-01, 01.06.2017)

JEL: C61, C63, C68, E31, E52

China's evolving monetary policy rule: from inflation-accommodating to anti-inflation policy

Bank for International Settlements Working papers [View] (2017-06-01, 01.06.2017)

JEL: E52, E58, O11, O52

Assessing the Sources of Credit Supply Tightening: Was the Sovereign Debt Crisis Different from Lehman?

IJCB International Journal of Central Banking [View] (2017-06, 01.06.2017)

JEL: E30, E32, E51

Joint Validation of Credit Rating PDs under Default Correlation

IJCB International Journal of Central Banking [View] (2017-06, 01.06.2017)

JEL: C12, G21, G28

Currency Wars, Coordination, and Capital Controls

IJCB International Journal of Central Banking [View] (2017-06, 01.06.2017)

JEL: F3, F36, F42

Inferring Inflation Expectations from Fixed-Event Forecasts

IJCB International Journal of Central Banking [View] (2017-06, 01.06.2017)

JEL: C32, E37, E52

Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimantal Examination

IJCB International Journal of Central Banking [View] (2017-06, 01.06.2017)

JEL: C92, G14, G28

To Respond or Not to Respond: Measures of the Output Gap in Theory and in Practice

IJCB International Journal of Central Banking [View] (2017-06, 01.06.2017)

JEL: E32, E52

When the Walk is Not Random: Commodity Prices and Exchange Rates

IJCB International Journal of Central Banking [View] (2017-06, 01.06.2017)

JEL: F10, F31, G12

The Effects of Monetary Policy Announcements at the Zero Lower Bound

IJCB International Journal of Central Banking [View] (2017-06, 01.06.2017)

JEL: E43, E44, E52, E58

Optimal Taxes Under Private Information: The Role of the Inflation Tax

St Louis Fed Working Papers [View] (2017-05, 01.06.2017)

JEL: E52, E62, H21

Macroprudential Policy and the Revolving Door of Risk: Lessons from Leveraged Lending Guidance

New York Fed Staff reports [View] (2017-06, 01.06.2017)

JEL: G18, G21, G23

Added onto the Research Hub on 31.05.2017

Supply Flexibility in the Shale Patch: Evidence from North Dakota

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-05-31, 31.05.2017)

On the estimation of panel fiscal reaction functions: Heterogeneity or fiscal fatigue?

National Bank of Belgium Working Papers [View] (2017-05, 31.05.2017)

JEL: E62, H62, H63, H68

Added onto the Research Hub on 30.05.2017

Financial Frictions and Export Dynamics in Large Devaluations

St Louis Fed Working Papers [View] (2017-05, 25.05.2017)

Cross-Border Portfolio Diversification under Trade Linkages

Magyar Nemzeti Bank (the central bank of Hungary) Working papers [View] (2017, 01.01.2017)

JEL: F21, F36, F41, G11

A model of bank behaviour for the assessmentof the potential balance sheet impact of theNSFR liquidity requirement

Magyar Nemzeti Bank (the central bank of Hungary) Working papers [View] (2017, 01.01.2017)

JEL: C33, C36, C61, G21, G28

Public Wage Spillovers: The Role of Individual Characteristics and Employer Wage Policies

Magyar Nemzeti Bank (the central bank of Hungary) Working papers [View] (2017, 01.01.2017)

JEL: J23, J31, J45

An agent based Keynesian model with credit cycles and countercyclical capital buffer

Magyar Nemzeti Bank (the central bank of Hungary) Working papers [View] (2017, 01.01.2017)

JEL: E12, E32, E44, G18, G21

Harmonic distances and systemic stability in heterogeneous interbank networks

Magyar Nemzeti Bank (the central bank of Hungary) Working papers [View] (2017, 01.01.2017)

JEL: D85, E44, G01, G21, G28, L14

Added onto the Research Hub on 29.05.2017

Impact of Japanese Banks' Strategic Stockholdings on their Cost of Capital

Bank of Japan Working Papers [View] (2017-05-16, 16.05.2017)

Phillips Curve and Price-Change Distribution under Declining Trend Inflation

Bank of Japan Working Papers [View] (2017-05-26, 26.05.2017)

JEL: E31, E32, E52

Advanced Lending Operations and Credit Risk Assessment Using Purchase Order Information

Bank of Japan Working Papers [View] (2016-12-27, 27.12.2016)

Empirical Evidence on "Systemic as a Herd": The Case of Japanese Regional Banks

Bank of Japan Working Papers [View] (2017-01-12, 12.01.2017)

JEL: D21, G28, G32, G38

Structural Reforms, Innovation and Economic Growth

Bank of Japan Working Papers [View] (2017-04-13, 13.04.2017)

JEL: O11, O43

Effects of Monetary Policy Shocks on Inequality in Japan

Bank of Japan Working Papers [View] (2017-05-10, 10.05.2017)

JEL: E3, E4, E5

Estimating Japan's Gross Domestic Income Based on Taxation Data

Bank of Japan Working Papers [View] (2016-12-07, 07.12.2016)

Added onto the Research Hub on 27.05.2017

Access to Credit and Financial Health: Evaluating the Impact of Debt Collection

New York Fed Staff reports [View] (2017-05, 27.05.2017)

JEL: D12, D18, G18, K30

Transformation of Corporate Scope in U.S. Banks: Patterns and Performance Implications

New York Fed Staff reports [View] (2017-05, 27.05.2017)

JEL: G21, L22, L25

Volatility Risk and Economic Welfare

Bank of Canada Working papers [View] (2017-05-26, 27.05.2017)

JEL: E2, E3

Added onto the Research Hub on 26.05.2017

The output effects of tax changes: narrative evidence from Spain

Bank of Spain Working Papers [View] (2017-05, 26.05.2017)

JEL: E32, E62, H20

Business models of the banks in the euro area

European Central Bank Working papers [View] (2017-05-26, 26.05.2017)

JEL: C63, G21, L21, L25

Added onto the Research Hub on 25.05.2017

System Priors for Econometric Time Series

Czech National Bank Working papers [View] (2017-05, 25.05.2017)

JEL: C11, C18, C51

A menu on output gap estimation methods

Bank of Spain Working Papers [View] (2017-05, 25.05.2017)

JEL: E32, O4

Financial Frictions and Export Dynamics in Large Devaluations

St Louis Fed Working Papers [View] (2017-05, 25.05.2017)

JEL: F1, F4, G32

Added onto the Research Hub on 24.05.2017

Culture and household saving

European Central Bank Working papers [View] (2017-05-24, 24.05.2017)

JEL: D12, D91, E21, Z1

Knightian uncertainty and credit cycles

European Central Bank Working papers [View] (2017-05-24, 24.05.2017)

JEL: E44, E58, G14, G17, G21, G32

Understanding the determinants of financial outcomes and choices: the role of noncognitive abilities

Bank for International Settlements Working papers [View] (2017-05-24, 24.05.2017)

JEL: D10, D14, G02

Added onto the Research Hub on 23.05.2017

The effect of investing abroad on investment at home: On the role of technology, tax savings, and internal capital markets

Deutsche Bundesbank Discussion Papers [View] (2017-05-23, 23.05.2017)

JEL: F23, F61, H25, L23

What slice of the pie? The corporate bond market boom in emerging economies

Bank of Finland BOFIT Discussion Papers [View] (2016-06-21, 21.06.2016)

JEL: F30, G15, G20, G30

Are the twin or triple deficits hypotheses applicable to post-communist countries?

Bank of Finland BOFIT Discussion Papers [View] (2016-02-18, 18.02.2016)

JEL: E60, F30, F32, H62

A note on money creation in emerging market economies

Bank of Finland BOFIT Discussion Papers [View] (2016-03-15, 15.03.2016)

JEL: E51, F30, G21

Do banks extract informational rents through collateral?

Bank of Finland BOFIT Discussion Papers [View] (2016-03-17, 17.03.2016)

JEL: G21, L11

Can the Chinese bond market facilitate a globalizing renminbi?

Bank of Finland BOFIT Discussion Papers [View] (2016-02-06, 06.02.2016)

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

A monetary policy rule for Russia, or is it rules?

Bank of Finland BOFIT Discussion Papers [View] (2016-02-10, 10.02.2016)

JEL: E31, E43, E52, P33

How informative are aggregated inflation expectations? Evidence from the ECB Survey of Professional Forecasters

Bank of Finland Discussion Papers [View] (2016-05-24, 24.05.2016)

JEL: C53, E31, E37

The Aino 2.0 model

Bank of Finland Discussion Papers [View] (2016-05-31, 31.05.2016)

JEL: C11, C53, E32, E37

How to explain errors in budget balance forecasts in euro area countries? Empirical evidence based on real-time data

Bank of Finland Discussion Papers [View] (2016-06-17, 17.06.2016)

JEL: E32, E62

Macroprudential measures and housing markets: a note on the empirical literature

Bank of Finland Discussion Papers [View] (2016-06-20, 20.06.2016)

JEL: E58, G28

A shadow rate model with time-varying lower bound of interest rates

Bank of Finland Discussion Papers [View] (2016-06-22, 22.06.2016)

JEL: E43, E44, E52

Uncertainty and firm dividend policy - a natural experiment

Bank of Finland Discussion Papers [View] (2016-05-02, 02.05.2016)

JEL: G32, G35, G38, H32

Saving Wall Street or main street

Bank of Finland Discussion Papers [View] (2016-05-10, 10.05.2016)

JEL: E44, G21, G28, G38