Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 21.02.2017

The crucial role of social welfare criteria for optimal inheritance taxation

Bank of Spain Working Papers [View] (2017-02, 21.02.2017)

JEL: H21, H23, H24

The effect of public investment in Europe: a model-based assessment

European Central Bank Working papers [View] (2017-02-21, 21.02.2017)

JEL: C30, E32, E62

Stress-Testing of liquidity risk in TARGET2

European Central Bank Occasional papers [View] (2017-02-21, 21.02.2017)

JEL: C63, E42, E58, G01

Added onto the Research Hub on 20.02.2017

No. 39 Spatial Nexus in Crime and Unemployementin Times of Crisis"

Bank of Lithuania Working Papers [View] (2017-02, 20.02.2017)

JEL: C31, J64, K42, R10

Added onto the Research Hub on 17.02.2017

Adoption Costs of Financial Innovation: Evidence from Italian ATM Cards

Bank of Canada Working papers [View] (2017-02-17, 17.02.2017)

JEL: C35, D14, E41

Banking Regulation and Market Making

Bank of Canada Working papers [View] (2017-02-16, 17.02.2017)

JEL: G14, G20, L10

Added onto the Research Hub on 16.02.2017

Optimal Capital Regulation

Bank of Canada Working papers [View] (2017-02-15, 16.02.2017)

JEL: E13, E32, E44

Canadian Bank Notes and Dominion Notes: Lessons for Digital Currencies

Bank of Canada Working papers [View] (2017-02-15, 16.02.2017)

JEL: E41, E42, E58

Stability and Efficiency in Decentralized TwoSided Markets with Weak Preferences

Bank of Canada Working papers [View] (2017-02-15, 16.02.2017)

JEL: C78, D61

Added onto the Research Hub on 15.02.2017

Incorporating Funding Costs in Top-down Stress Tests

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-02-15, 15.02.2017)

JEL: G12, G21, G31, G38

Added onto the Research Hub on 14.02.2017

Disaster (Over-)Insurance: The Long-Term Financial and Socioeconomic Consequences of Hurricane Katrina

New York Fed Staff reports [View] (2017-02, 14.02.2017)

JEL: D14, Q54, R11, R23

The evolution of regional economic interlinkages in Europe

Bank of Spain Working Papers [View] (2017-02, 14.02.2017)

JEL: C31, C32, E32, R11

Added onto the Research Hub on 13.02.2017

Credit conditions, macroprudential policy and house prices

European Systemic Risk Board Working papers [View] (2017-02-13, 13.02.2017)

JEL: E58, G21, G28, R31

Addressing the safety trilemma: a safe sovereign asset for the eurozone

European Systemic Risk Board Working papers [View] (2017-02-13, 13.02.2017)

JEL: F33, F34, G15, H63, H7

Resolution of international banks: can smaller countries cope?

European Systemic Risk Board Working papers [View] (2017-02-13, 13.02.2017)

JEL: F30, G21, G28

Added onto the Research Hub on 10.02.2017

High frequency trading and fragility

European Central Bank Working papers [View] (2017-02-10, 10.02.2017)

JEL: G10, G12, G14

The impact of constrained monetary policy on fiscal multipliers on output and inflation

European Central Bank Working papers [View] (2017-02-10, 10.02.2017)

JEL: E31, E43, E52, E62, E63

Exchange rate prediction redux: new models, new data, new currencies

European Central Bank Working papers [View] (2017-02-10, 10.02.2017)

JEL: F31, F47

Inside asset purchase programs: the effects of unconventional policy on banking competition

European Central Bank Working papers [View] (2017-02-10, 10.02.2017)

JEL: C30, C78, G21, G28, L51

Added onto the Research Hub on 09.02.2017

1/2017 Ragnar Nurkse Memorial Lecture 2017

Bank of Estonia Working papers [View] (2017-02-09, 09.02.2017)

Added onto the Research Hub on 08.02.2017

The Balassa-Samuelson Effect Reversed: New Evidence from OECD Countries

Swiss National Bank Working Papers [View] (2017-02-07, 08.02.2017)

JEL: F14, F31, F41

Added onto the Research Hub on 07.02.2017

Interactions between fiscal multipliers and sovereign risk premium during fiscal consolidation: model based assessment for the euro area

European Central Bank Working papers [View] (2017-02-07, 07.02.2017)

JEL: E32, E42, F42, F45

Global impact of US and euro area unconventional monetary policies: a comparison

Bank for International Settlements Working papers [View] (2017-02-07, 07.02.2017)

JEL: E43, E44, E52, F42, F47

Added onto the Research Hub on 06.02.2017

Price-Level Dispersion versus Inflation-Rate Dispersion: Evidence from Three Countries

Bank of Canada Working papers [View] (2017-02-06, 06.02.2017)

JEL: E31, E50

Forecasting euro area inflation using targeted predictors: is money coming back?

European Central Bank Working papers [View] (2017-02-06, 06.02.2017)

JEL: C53, E37, E41, E51, E58

The drivers of revenue productivity: a new decomposition analysis with firm-level data

European Central Bank Working papers [View] (2017-02-06, 06.02.2017)

JEL: D24, E32, O47

Added onto the Research Hub on 04.02.2017

Revisiting the commodity curse: a financial perspective

Bank for International Settlements Working papers [View] (2017-02-03, 04.02.2017)

JEL: F32, F36, F41, F43, O13

Added onto the Research Hub on 03.02.2017

Trust, but verify. De-anchoring of inflation expectations under learning and heterogeneity

European Central Bank Working papers [View] (2017-01-25, 25.01.2017)

JEL: D83, E31, E37, E58

Health, Health Insurance, and Retirement: A Survey

Richmond Fed Working Papers [View] (2017-02, 03.02.2017)

Regular versus lump-sum payments in union contracts and household consumption

European Central Bank Working papers [View] (2017-02-03, 03.02.2017)

JEL: D12, E21, J51

Modeling euro area bond yields using a time-varying factor model

European Central Bank Working papers [View] (2017-02-03, 03.02.2017)

JEL: C11, E58, G01

Cross-border prudential policy spillovers: How much? How important? Evidence from the international banking research network

Deutsche Bundesbank Discussion Papers [View] (2017-02-03, 03.02.2017)

JEL: F34, G01, G21

Added onto the Research Hub on 02.02.2017

Understanding sovereign rating movements in euro area countries

European Central Bank Working papers [View] (2017-02-02, 02.02.2017)

JEL: C25, G24, H63, H68

The systemic implications of bail-in: a multi-layered network approach

European Central Bank Working papers [View] (2017-02-02, 02.02.2017)

JEL: C63, G01, G18, G21

A Dynamic Factor Model for Nowcasting Canadian GDP Growth

Bank of Canada Working papers [View] (2017-02-02, 02.02.2017)

JEL: C32, C38, C53, E37

Added onto the Research Hub on 01.02.2017

Securitization and credit quality

European Central Bank Working papers [View] (2017-02-01, 01.02.2017)

JEL: G21, G28

Banks credit and productivity growth

European Central Bank Working papers [View] (2017-02-01, 01.02.2017)

JEL: D92, G10, G21, G31, O16

Mixed-frequency models for tracking short-term economic developments in Switzerland

Swiss National Bank Working Papers [View] (2017-02-01, 01.02.2017)

JEL: C32, C53, E37

Added onto the Research Hub on 31.01.2017

The rational inattention filter

European Central Bank Working papers [View] (2017-01-31, 31.01.2017)

JEL: D83, E32

Euro area fiscal stance

European Central Bank Occasional papers [View] (2017-01-31, 31.01.2017)

JEL: E61

The Effects of Terror on International Air Passenger Transport: An Empirical Invstigation

St Louis Fed Working Papers [View] (2017-01, 31.01.2017)

JEL: F1, F14, L93

Added onto the Research Hub on 30.01.2017

Redemption risk and cash hoarding by asset managers

Bank for International Settlements Working papers [View] (2017-01-30, 30.01.2017)

JEL: E52, G11, G15, G23

Added onto the Research Hub on 28.01.2017

Missing Growth from Creative Destruction

San Francisco Fed Working Papers [View] (2017-01, 28.01.2017)

Added onto the Research Hub on 27.01.2017

Exchange Rate Pass-Through in the Euro Area

Bank of Lithuania Working Papers [View] (2017-01, 27.01.2017)

JEL: E31, F3, F41

Will German banks earn their cost of capital?

Deutsche Bundesbank Discussion Papers [View] (2017-01-27, 27.01.2017)

JEL: G21, G28

A new indicator of inflation expectations anchoring

European Central Bank Working papers [View] (2017-01-25, 25.01.2017)

JEL: C14, C58, E31, E44, G13

Unconventional monetary policy and the anchoring of inflation expectations

European Central Bank Working papers [View] (2017-01-25, 25.01.2017)

JEL: C52, C55, E43, E44

Low inflation in the euro area: Causes and consequences

European Central Bank Occasional papers [View] (2017-01-25, 25.01.2017)

JEL: E31, E52, E58

Will US inflation awake from the dead? The role of slack and non-linearities in the Phillips curve

European Central Bank Working papers [View] (2017-01-25, 25.01.2017)

JEL: E31, E37, R58

Missing disinflation and missing inflation: the puzzles that aren't

European Central Bank Working papers [View] (2017-01-25, 25.01.2017)

JEL: E21, E32, F44

Inflation anchoring in the euro area

European Central Bank Working papers [View] (2017-01-25, 25.01.2017)

JEL: E31, E44, G12, G14

Drilling into Bank Balance Sheets: Examining Portfolio Responses to an Oil Shock

San Francisco Fed Working Papers [View] (2017-01, 27.01.2017)

The real effects of household debt in the short and long run

Bank for International Settlements Working papers [View] (2017-01-26, 27.01.2017)

JEL: E21, E44, G21

Creating associations as a substitute for direct bank credit. Evidence from Belgium

Bank of Spain Working Papers [View] (2017-01, 26.01.2017)

JEL: G21, G30

Dynamic panel data modelling using maximum likelihood: an alternative to Arellano-Bond

Bank of Spain Working Papers [View] (2017-01, 25.01.2017)

JEL: C23

Added onto the Research Hub on 25.01.2017

Expected Currency Returns and Volatility Risk Premia

Central Bank of Brazil Working Papers [View] (2017-01, 24.01.2017)

JEL: F31, F37, G12, G15, G17

Business Cycle Estimation with High-pass and Band-pass Local Polynomial Regression

Bank of Spain Working Papers [View] (2017-01, 24.01.2017)

JEL: C13

Added onto the Research Hub on 23.01.2017

Public capital in the 21st century: As productive as ever?

Netherlands Bank DNB Working Papers [View] (2017-01-18, 19.01.2017)

JEL: E22, E62, H54

Below the zero lower bound: a shadow-rate term structure model for the euro area

European Central Bank Working papers [View] (2017-01-23, 23.01.2017)

JEL: C32, E43, E52

Trade in value added: Do we need new measures of competitiveness?

Deutsche Bundesbank Discussion Papers [View] (2017-01-23, 23.01.2017)

JEL: F14, J30

Added onto the Research Hub on 22.01.2017

Large and State-Dependent Effects of Quasi-Random Monetary Experiments

San Francisco Fed Working Papers [View] (2017-01, 21.01.2017)

JEL: E01, E30, E32, E44, E47, E51, F33, F42, F44

Added onto the Research Hub on 21.01.2017

Implicit public debt thresholds: an empirical exercise for the case of Spain

Bank of Spain Working Papers [View] (2017-01, 20.01.2017)

JEL: E61, E62, H63, H68

Financial inclusion: whats it worth?

European Central Bank Working papers [View] (2017-01-20, 20.01.2017)

JEL: D14, G21, G28

Revenue elasticities in euro area countries

European Central Bank Working papers [View] (2017-01-20, 20.01.2017)

JEL: E62, H68

Added onto the Research Hub on 20.01.2017

Margins of Trade: Czech Firms Before, During and After the Crisis

Czech National Bank Working papers [View] (2016-12, 19.12.2016)

JEL: F02, F20, G01

Measuring News Sentiment

San Francisco Fed Working Papers [View] (2017-01, 19.01.2017)

Added onto the Research Hub on 19.01.2017

Public capital in the 21st century: As productive as ever?

Netherlands Bank DNB Working Papers [View] (2017-01-18, 19.01.2017)

JEL: E22, E62, H54

Added onto the Research Hub on 17.01.2017

The currency dimension of the bank lending channel in international monetary transmission

Bank for International Settlements Working papers [View] (2017-01-02, 29.12.2016)

JEL: E5, F42, G21

Chinese Foreign Exchange Reserves, Policy Choices and the U.S. Economy

St Louis Fed Working Papers [View] (2017-01-09, 09.01.2017)

JEL: E52, E58, F31, F32

Endogenous wage indexation and aggregate shocks

Bank for International Settlements Working papers [View] (2017-01-16, 16.01.2017)

JEL: E24, E32, E58

The imperfect-common-knowledge Phillips curve: Calvo versus Rotemberg

Deutsche Bundesbank Discussion Papers [View] (2017-01-16, 16.01.2017)

JEL: D83, E31

Fire buys of central bank collateral assets

Deutsche Bundesbank Discussion Papers [View] (2017-01-17, 17.01.2017)

JEL: E41, E44, E58, G11, G14, G15, G21

Market volatility, monetary policy and the term premium

Bank for International Settlements Working papers [View] (2017-01-17, 17.01.2017)

JEL: E43, E44, E52

Credit Constraints and Creditless Recoveries: An Unsteady State Approach

Czech National Bank Working papers [View] (2016-01, 16.01.2017)

JEL: C61, D92, E22, G33, G38

Wage and price setting: new evidence from Uruguayan firms

Bank for International Settlements Working papers [View] (2017-01-16, 16.01.2017)

JEL: D40, E31, J30, L16

Real-time determination of credit cycle phases in emerging markets

Central Bank of the Russian Federation Working Papers [View] (2017-01, 16.01.2017)

JEL: E37, E44, E51

Added onto the Research Hub on 15.01.2017

Beyond Thirty: Treasury Issuance of Long-Term Bonds from 1953 to 1965

New York Fed Staff reports [View] (2017-01, 14.01.2017)

JEL: H63, N22

The Time-Varying Price of Financial Intermediation in the Mortgage Market

New York Fed Staff reports [View] (2017-01, 14.01.2017)

JEL: E44, E52, G11, L11

Added onto the Research Hub on 14.01.2017

The Effects of Collecting Income Taxes on Social Security Benefits

Richmond Fed Working Papers [View] (2017-01, 13.01.2017)

JEL: E21, H24, H55, I38

Added onto the Research Hub on 12.01.2017

Interventions in Markets with Adverse Selection: Implications for Discount Window Stigma

Richmond Fed Working Papers [View] (2017-01, 11.01.2017)

JEL: E51, E58, G21, G28

Added onto the Research Hub on 11.01.2017

Multiplex interbank networks and systemic importance - An application to European data

Bank for International Settlements Working papers [View] (2017-01-10, 10.01.2017)

JEL: C67, D85, G21

Added onto the Research Hub on 10.01.2017

The globalisation of inflation: the growing importance of global value chains

Bank for International Settlements Working papers [View] (2017-01-09, 09.01.2017)

JEL: E31, E32, E58, F02, F14, F41, F42, F62

Added onto the Research Hub on 07.01.2017

Capital Flows and Growth Dynamics in Central and Eastern Europe

Bank of Estonia Working papers [View] (2017-01-06, 06.01.2017)

JEL: P17, P21, P36

Terms-of-Trade and House Price Fluctuations: A Cross-Country Study

Bank of Canada Working papers [View] (2017-01-05, 06.01.2017)

JEL: C32, E32, E51, F36, F41

Added onto the Research Hub on 06.01.2017

Inequality, fiscal policy, and business cycle anomalies in emerging markets

National Bank of Poland Working papers [View] (2016-01, 05.01.2017)

JEL: E21, E32, E62, F41

Incumbency Disadvantage in U.S. National Politics

Philadelphia Fed Working Papers [View] (2016-01, 05.01.2017)

Added onto the Research Hub on 04.01.2017

Household debt and income inequality: evidence from Italian survey data

Bank of Italy Working Papers [View] (2017-01-03, 03.01.2017)

JEL: D14, D63, G01, G21, R10

The bank lending channel of conventional and unconventional monetary policy

Bank of Italy Working Papers [View] (2017-01-03, 03.01.2017)

JEL: E30, E32, E51

Structural transformation and allocation efficiency in China and India

Bank of Italy Working Papers [View] (2017-01-03, 03.01.2017)

JEL: E23, O11, O41, O47, O53, O57

Copula-based random effects models for clustered data

Bank of Italy Working Papers [View] (2017-01-03, 03.01.2017)

JEL: C23, C25, J22

Asymmetric information and the securitization of SME loans

Bank of Italy Working Papers [View] (2017-01-03, 03.01.2017)

JEL: D82, G21

Asymmetric information and the securitization of SME loans

Bank for International Settlements Working papers [View] (2017-01-03, 03.01.2017)

JEL: D82, G21

Family Economics Writ Large

St Louis Fed Working Papers [View] (2017-01, 04.01.2017)

JEL: D58, E1, E13, J1, J12, J13, J2, J22, N30, O11, O15, O3

Added onto the Research Hub on 02.01.2017

Forecast combination for euro area inflation - A cure in times of crisis?

Board of Governors of the Federal Reserve System FEDS series [View] (2016-12, 30.12.2016)

JEL: C32, C52, C53, E31, E37

Information Sharing and Bargaining in Buyer-Seller Networks

Bank of Canada Working papers [View] (2016-12-30, 30.12.2016)

JEL: C71, C78, D21, D4, D43, D85, L1, L13

Can the Common-Factor Hypothesis Explain the Observed Housing Wealth Effect?

Bank of Canada Working papers [View] (2016-12-30, 30.12.2016)

JEL: E21, R31

Macroprudential Policy Transmission and Interaction with Fiscal and Monetary Policy in an Emerging Economy: a DSGE model for Brazil

Central Bank of Brazil Working Papers [View] (2016-12, 30.12.2016)

JEL: E4, E5, E6

The effect of conventional and unconventional euro area monetary policy on macroeconomic variables

Deutsche Bundesbank Discussion Papers [View] (2016-12-30, 30.12.2016)

JEL: E43, E44, E52

Added onto the Research Hub on 30.12.2016

Identity, Identification and Identifiers: The Global Legal Entity Identifier System

Board of Governors of the Federal Reserve System FEDS series [View] (2016-12, 29.12.2016)

Added onto the Research Hub on 29.12.2016

On the determinants of fiscal non-compliance: an empirical analysis of Spains regions

Bank of Spain Working Papers [View] (2016-12, 28.12.2016)

JEL: H61, H68, H72, H77