Working Papers - 2011

Date Titles
Dec 2011
No 367

Is the long-term interest rate a policy victim, a policy variable or a policy lodestar?

by Philip Turner

Dec 2011
No 366

Currency Momentum Strategies

by Lukas Menkhoff, Lucio Sarno, Maik Schmeling and Andreas Schrimpf

Dec 2011
No 365

Was This Time Different?: Fiscal Policy in Commodity Republics

by Luis Felipe Céspedes and Andrés Velasco

Dec 2011
No 364

Perceptions and misperceptions of fiscal inflation

by Eric M. Leeper and Todd B. Walker

Dec 2011
No 363

The Liquidation of Government Debt

by Carmen M. Reinhart and M. Belen Sbrancia

Dec 2011
No 362

The "Austerity myth": Gain Without Pain?

by Roberto Perotti

Dec 2011
No 361

Long-term fiscal sustainability in major economies

by Alan J Auerbach

Nov 2011
No 360

China's evolving reserve requirements

by Guonan Ma, Yan Xiandong and Liu Xi

Nov 2011
No 359

Bank heterogeneity and interest rate setting: What lessons have we learned since Lehman Brothers?

by Leonardo Gambacorta and Paolo Emilio Mistrulli

Nov 2011
No 358

News driven business cycles and data on asset prices in estimated DSGE models

by Stefan Avdjiev

Nov 2011
No 357

Rescue packages and bank lending

by Michael Brei, Leonardo Gambacorta and Goetz von Peter

Nov 2011
No 356

The Impact of the International Financial Crisis on Asia and the Pacific: Highlighting Monetary Policy Challenges from a Negative Asset Price Bubble Perspective

by Andrew Filardo

Nov 2011
No 355

Anchoring countercyclical capital buffers: the role of credit aggregates

by Mathias Drehmann, Claudio Borio and Kostas Tsatsaronis

Sep 2011
No 354

Rediscovering the macroeconomic roots of financial stability policy: journey, challenges and a way forward

by Claudio Borio

Sep 2011
No 353

Central banking post-crisis: What compass for uncharted waters?

by Claudio Borio

Sep 2011
No 352

The real effects of debt

by Stephen G Cecchetti, Madhusudan Mohanty and Fabrizio Zampolli

Aug 2011
No 351

Weathering the financial crisis: good policy or good luck?

by Stephen G Cecchetti, Michael R King and James Yetman

Jul 2011
No 350

The value of repeat lending

by Blaise Gadanecz, Alper Kara and Philip Molyneux

Jul 2011
No 349

How do inflation expectations form? New insights from a high-frequency survey

by Gabriele Galati, Peter Heemeijer and Richhild Moessner

Jul 2011
No 348

The international propagation of the financial crisis of 2008 and a comparison with 1931

by William A Allen and Richhild Moessner

May 2011
No 347

On harnessing the potential of financial inclusion

by Peter Dittus and Michael Klein

May 2011
No 346

Global imbalances and the financial crisis: link or no link?

by Claudio Borio and Piti Disyatat

May 2011
No 345

The bank lending channel: lessons from the crisis

by Leonardo Gambacorta and David Marques-Ibanez

Apr 2011
No 344

Dislocations in the won-dollar swap markets during the crisis of 2007-09

by Naohiko Baba and Ilhyock Shim

Apr 2011
No 343

Market structures and systemic risks of exchange-traded funds

by Srichander Ramaswamy

Mar 2011
No 342

Measuring the systemic importance of interconnected banks

by Mathias Drehmann and Nikola Tarashev

Mar 2011
No 341

Securitization is not that evil after all

by Ugo Albertazzi, Ginette Eramo, Leonardo Gambacorta and Carmelo Salleo

Feb 2011
No 340

Cyclical fiscal policy, credit constraints, and industry growth

by Philippe Aghion, David Hemous and Enisse Kharroubi

Feb 2011
No 339

Measuring disagreement in UK consumer and central bank inflation forecasts

by Richhild Moessner, Feng Zhu and Colin Ellis

Feb 2011
No 338

BASEL III: Long-term impact on economic performance and fluctuations

by Paolo Angelini, Laurent Clerc, Vasco Cúrdia, Leonardo Gambacorta, Andrea Gerali, Alberto Locarno, Roberto Motto, Werner Roeger, Skander Van den Heuvel and Jan Vlček

Feb 2011
No 337

Macroprudential policy - a literature review

by Gabriele Galati and Richhild Moessner

Jan 2011
No 336

Policymaking from a "macroprudential" perspective in emerging market economies

by Ramon Moreno

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