Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 21.02.2018

Credit constraints, firms investment and growth evidence from survey data

Bank of Spain Working Papers [View] (2018-02, 21.02.2018)

JEL: G30, G31, G32

The role of technology in mortgage lending

New York Fed Staff reports [View] (2018-02-01, 21.02.2018)

JEL: D14, D24, G21, G23

Understanding HANK: insights from a PRANK

New York Fed Staff reports [View] (2018-02-01, 21.02.2018)

JEL: E21, E30, E52, E62, E63

Added onto the Research Hub on 20.02.2018

Residential construction and population growth in New Zealand: 1996-2016

Reserve Bank of New Zealand Discussion Papers [View] (2018-02, 20.02.2018)

JEL: R21, R31

Global Factors and Trend Inflation

Reserve Bank of New Zealand Discussion Papers [View] (2018-02, 20.02.2018)

JEL: C32, E31, F41

Added onto the Research Hub on 19.02.2018

Money in Spain. New historical statistics. 1830-1998

Bank of Spain Working Papers [View] (2018-02, 19.02.2018)

JEL: E49, E51, N1, N9, Y1

The Effect of Uncertainty on Foreign Direct Investment: the Case of Mexico

Bank of Mexico Working Papers [View] (2018-02, 19.02.2018)

JEL: D80, D84, F21, L60

Added onto the Research Hub on 17.02.2018

US Monetary Policy and International Bond Markets

Board of Governors of the Federal Reserve System FEDS series [View] (2018-02-15, 15.02.2018)

JEL: E4, E5, F3

The Interplay Among Financial Regulations, Resilience, and Growth

Philadelphia Fed Working Papers [View] (2018-02-16, 16.02.2018)

JEL: G12, G18, G21, G28

Added onto the Research Hub on 16.02.2018

Seven Fallacies Concerning Milton Friedman's "The Role of Monetary Policy"

Board of Governors of the Federal Reserve System FEDS series [View] (2018-02-14, 14.02.2018)

JEL: E31, E43, E52

The negative interest rate policy and the yield curve

Bank for International Settlements Working papers [View] (2018-02, 16.02.2018)

JEL: E43, E52, E58

Are credit rating agencies discredited? Measuring market price effects from agency sovereign debt announcements

Bank for International Settlements Working papers [View] (2018-02, 16.02.2018)

JEL: F30, G01, G24, H63

Mapping shadow banking in China: structure and dynamics

Bank for International Settlements Working papers [View] (2018-02, 16.02.2018)

JEL: G2

Cross-stock market spillovers through variance risk premiums and equity flows

Bank for International Settlements Working papers [View] (2018-02, 16.02.2018)

JEL: F32, G12, G15, G23

Added onto the Research Hub on 15.02.2018

Monetary theory reversed: Virtual currency issuance and miners' remuneration

Central Bank of Luxembourg Working Papers [View] (2018-02, 15.02.2018)

JEL: E41, E42, E51

Chained financial frictions and credit cycles

Central Bank of Luxembourg Working Papers [View] (2018-02, 15.02.2018)

JEL: E32, E44, G21, G28

Housing prices and mortgage credit in Luxembourg

Central Bank of Luxembourg Working Papers [View] (2018-02, 15.02.2018)

JEL: C58, G12, G18, R31

Added onto the Research Hub on 14.02.2018

A Density-based Estimator of Core/Periphery Network Structures: Analysing the Australian Interbank Market

Reserve Bank of Australia Research Discussion Papers [View] (2018-02, 01.02.2018)

JEL: C13, D85, G01, G10, G21, L14

Added onto the Research Hub on 13.02.2018

Household's Balance Sheets and the Effect of Fiscal Policy

Board of Governors of the Federal Reserve System FEDS series [View] (2018-02-08, 08.02.2018)

JEL: E21, E62

Added onto the Research Hub on 10.02.2018

Why Have Interest Rates Fallen Far Below the Return on Capital

Chicago Fed Working papers [View] (2018-01-25, 25.01.2018)

JEL: E00, E40

Intergenerational Health Mobility in the US

Chicago Fed Working papers [View] (2018-01-31, 31.01.2018)

JEL: I1, I14

Open Mouth Operations

Chicago Fed Working papers [View] (2018-02-05, 05.02.2018)

JEL: E12, E52, E58

Added onto the Research Hub on 09.02.2018

Are banks opaque? Evidence from insider trading

Bank for International Settlements Working papers [View] (2018-02, 01.02.2018)

JEL: G14, G20, G21

Money and trust: lessons from the 1620s for money in the digital age

Bank for International Settlements Working papers [View] (2018-02, 01.02.2018)

JEL: E42, E58, N13

Deflation expectations

Bank for International Settlements Working papers [View] (2018-02, 01.02.2018)

JEL: E31, E58

The perils of approximating fixed-horizon inflation forecasts with fixed-event forecasts

Bank for International Settlements Working papers [View] (2018-02, 01.02.2018)

JEL: C43, E31

Fiscal transfers in a monetary union with sovereign risk

Bank of Spain Working Papers [View] (2018-02, 09.02.2018)

JEL: E62, F41, F42, F45

The impact of high school financial education on financial knowledge and choices: evidence from a randomized trial in Spain

Bank of Spain Working Papers [View] (2018-00, 09.02.2018)

JEL: D14, D91, I22, J24

Added onto the Research Hub on 08.02.2018

Monetary policy and the asset risk-taking channel

Bank of Spain Working Papers [View] (2018-02, 08.02.2018)

JEL: E12, E44, E58

Added onto the Research Hub on 07.02.2018

International capital flow pressures

New York Fed Staff reports [View] (2018-02-01, 01.02.2018)

JEL: F32, G11, G20

Financing Affordable and Sustainable Homeownership with Fixed-COFI Mortgages

Board of Governors of the Federal Reserve System FEDS series [View] (2018-02-05, 05.02.2018)

JEL: G01, G21, G23, G28, R28, R30, R38

Top Income Concentration and Volatility

Board of Governors of the Federal Reserve System FEDS series [View] (2018-02-05, 05.02.2018)

JEL: D31, D61

Claim Dilution in the Municipal Debt Market

Board of Governors of the Federal Reserve System FEDS series [View] (2018-02-05, 05.02.2018)

JEL: G1, G3

Extreme events and optimal monetary policy

Bank of Finland Discussion Papers [View] (2018-02-06, 06.02.2018)

JEL: E4, E5

Price rigidities and the granular origins of aggregate fluctuations

Bank of Finland Discussion Papers [View] (2018-02-05, 05.02.2018)

JEL: E31, E32, O40

Quantifying Uncertainty and Identifying its Impacts on the Turkish Economy

Central Bank of the Republic of Turkey Working Papers [View] (2018, 06.02.2018)

JEL: C22, C52, D81, E32

Forecasting Industrial Production and Inflation in Turkey with Factor Models

Central Bank of the Republic of Turkey Working Papers [View] (2018, 05.02.2018)

JEL: C53, C55, E37

A Revised Direct Output Gap Measure for the Turkish Economy

Central Bank of the Republic of Turkey Working Papers [View] (2018, 04.02.2018)

JEL: C43, E32

Import Demand Function for Turkey

Central Bank of the Republic of Turkey Working Papers [View] (2018, 03.02.2018)

JEL: C13, C51, F17

Multivariate Filter for Estimating Potential Output and Output Gap in Turkey

Central Bank of the Republic of Turkey Working Papers [View] (2018, 07.02.2018)

JEL: C51, E32, O40

Accounting for the Sources of Macroeconomic Tail Risks

Philadelphia Fed Working Papers [View] (2018-02-05, 05.02.2018)

JEL: D5, E2, E3

Hysteresis in Employment among Disadvantaged Workers

Cleveland Fed Working papers [View] (2018-02-06, 06.02.2018)

JEL: E24, J21, J24

Added onto the Research Hub on 06.02.2018

A Global Lending Channel Unplugged? Does U.S. Monetary Policy Affect Cross-border and Affiliate Lending by Global U.S. Banks?

Board of Governors of the Federal Reserve System FEDS series [View] (2018-02-02, 02.02.2018)

JEL: E44, E52, F42, G15, G21

Changing Business Dynamism and Productivity : Shocks vs. Responsiveness

Board of Governors of the Federal Reserve System FEDS series [View] (2018-02-02, 02.02.2018)

JEL: D22, D24, E24, J23, L26, M13, O47

Export Behavior of Turkish Manufacturing Firms Under Crises

Central Bank of the Republic of Turkey Working Papers [View] (2018, 02.02.2018)

JEL: C23, C25, F14, L25

Foreign Currency Borrowing, Exports and Firm Performance: Evidence from a Currency Crisis

Central Bank of the Republic of Turkey Working Papers [View] (2018, 01.02.2018)

JEL: F34, F41, G21, L25

From cash to cards. How debit card payments overtook cash in the Netherlands

Netherlands Bank DNB Occasional Studies [View] (2018-02, 06.02.2018)

Added onto the Research Hub on 03.02.2018

Measuring Geopolitical Risk

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2018-02-02, 02.02.2018)

JEL: C1, D80, E32, H56

On the Economics of Digital Currencies

Philadelphia Fed Working Papers [View] (2018-02-02, 02.02.2018)

JEL: E40, E42, E52

Declining Labor Turnover and Turbulence

Philadelphia Fed Working Papers [View] (2018-02-02, 02.02.2018)

JEL: E24, E32, J64

What to Expect from the Lower Bound on Interest Rates: Evidence from Derivatives Prices

San Francisco Fed Working Papers [View] (2018-01-18, 18.01.2018)

JEL: E52

Added onto the Research Hub on 01.02.2018

Screening on Loan Terms: Evidence from Maturity Choice in Consumer Credit

Philadelphia Fed Working Papers [View] (2018-01-31, 31.01.2018)

JEL: D14, D82

Structural vector autoregression with time varying transition probabilities: identifying uncertainty shocks via changes in volatility

Bank of Estonia Working papers [View] (2018-02-01, 01.02.2018)

JEL: C32, D80, E24

Permissible collateral and access to finance: Evidence from a quasi-natural experiment

Bank of Finland BOFIT Discussion Papers [View] (2018-01-31, 31.01.2018)

JEL: G21, G28, G32, K22

Added onto the Research Hub on 31.01.2018

Does Investor Attention Affect Trading Volume In The Brazilian Stock Market?

Central Bank of Brazil Working Papers [View] (2018-01, 31.01.2018)

JEL: G14

Some Like It Hot: Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy

Atlanta Fed Working papers [View] (2018-01-01, 31.01.2018)

JEL: E24, E60, J31, J64

Population Aging and the Real Interest Rate in the Last and Next 50 Years -- A tale told by an Overlapping Generations Model --

Bank of Japan Working Papers [View] (2018-01-31, 31.01.2018)

JEL: E20, J11

Revisiting supply and demand indexes in real estate

Netherlands Bank DNB Working Papers [View] (2018-01, 31.01.2018)

JEL: C11, C41, R30

Added onto the Research Hub on 30.01.2018

Monetary policy spillovers, global commodity prices and cooperation

Bank for International Settlements Working papers [View] (2018-01, 30.01.2018)

JEL: E52, E61

Sovereign bond-backed securities: a VAR-for-VaR and Marginal Expected Shortfall assessment

European Systemic Risk Board Working papers [View] (2018-01, 30.01.2018)

JEL: E43, E44, E52, G12, G14

Short-selling bans and bank stability

European Systemic Risk Board Working papers [View] (2018-01, 30.01.2018)

JEL: G01, G12, G14, G18

Banks' maturity transformation:risk, reward, and policy

European Systemic Risk Board Working papers [View] (2018-01, 30.01.2018)

JEL: E43, G21, G28

Positive liquidity spillovers from sovereign bond-backed securities

European Systemic Risk Board Working papers [View] (2018-01, 30.01.2018)

JEL: C22, C53, C58, C63, E44, G12, G24

How effective are sovereign bond-backed securities as a spillover prevention device?

European Systemic Risk Board Working papers [View] (2018-01, 30.01.2018)

JEL: C58, G11, G12, G17

Did the ACA's Dependent Coverage Mandate Reduce Financial Distress for Young Adults?

Philadelphia Fed Working Papers [View] (2018-01-29, 29.01.2018)

JEL: D14, I13, I18

The Economics of Debt Collection: Enforcement of Consumer Credit Contracts

Philadelphia Fed Working Papers [View] (2018-01-29, 29.01.2018)

JEL: D18, G28, L24

The dollar exchange rate as a global risk factor: evidence from investment

Bank for International Settlements Working papers [View] (2018-01, 30.01.2018)

JEL: F31, F32, F34, F41

Added onto the Research Hub on 29.01.2018

Please in my back yard: the private and public benefits of a new tram line in Florence

Bank of Italy Working Papers [View] (2018-01, 29.01.2018)

JEL: L92, O18, R41, R42

What will Brexit mean for the British and euro-area economies? A model-based assessment of trade regimes

Bank of Italy Working Papers [View] (2018-01, 29.01.2018)

JEL: C54, F13, F15

Are lenders using risk-based pricing in the consumer loan market? The effects of the 2008 crisis

Bank of Italy Working Papers [View] (2018-01, 29.01.2018)

JEL: D40, D82, E43

Added onto the Research Hub on 25.01.2018

Economic Policy Uncertainty and the Volatility of Sovereign CDS Spreads

National Bank of the Republic of Austria Working Papers [View] (2018-01-25, 25.01.2018)

JEL: D80, E66, G18

Bank Market Power and the Risk Channel of Monetary Policy

Board of Governors of the Federal Reserve System FEDS series [View] (2018-01-19, 19.01.2018)

JEL: D53, E44, E52

Exchange Rates and the Working Capital Channel of Trade Fluctuations

Bank for International Settlements Working papers [View] (2018-01, 25.01.2018)

JEL: F36, F41, G20

Family first? Nepotism and corporate investment

Bank for International Settlements Working papers [View] (2018-01, 25.01.2018)

JEL: G31, G40, J33

Central bank forward guidance and the signal value of market prices

Bank for International Settlements Working papers [View] (2018-01, 25.01.2018)

JEL: D82, E43, E58

Effectiveness of unconventional monetary policies in a low interest rate environment

Bank for International Settlements Working papers [View] (2018-01, 25.01.2018)

JEL: E43, E44, E52, E58

Nonlinear state and shock dependence of exchange rate pass through on prices

Bank for International Settlements Working papers [View] (2018-01, 25.01.2018)

JEL: C51, C52, E31, E52, F31

Estimating unknown arbitrage costs: evidence from a three-regime threshold vector error correction model

Bank for International Settlements Working papers [View] (2018-01, 25.01.2018)

JEL: G12, G14, G15

Global factors and trend inflation

Bank for International Settlements Working papers [View] (2018-01, 25.01.2018)

JEL: C32, E31, F41

Searching for yield abroad: risk-taking through foreign investment in U.S. bonds

Bank for International Settlements Working papers [View] (2018-01, 25.01.2018)

JEL: F21, F34, G11, G20

Added onto the Research Hub on 24.01.2018

Inflation Targeting and Financial Stability: does the quality of institutions matter?

Central Bank of Brazil Working Papers [View] (2018-01, 24.01.2018)

JEL: D40, G21, G28

Skill Premium Divergence: The Roles of Trade, Capital and Demographics

Bank of Estonia Working papers [View] (2018-01-24, 24.01.2018)

JEL: E16, E25, J24, J31

Systematic risk, bank moral hazard, and bailouts

Bank of Finland Discussion Papers [View] (2018-01-23, 23.01.2018)

JEL: G00, G20, G21

Added onto the Research Hub on 23.01.2018

Asymmetric information and the distribution of trading volume

Bank of Finland Discussion Papers [View] (2018-01-22, 22.01.2018)

JEL: D82, G12, G14

The real value of China's stock market

Bank of Finland BOFIT Discussion Papers [View] (2018-01-19, 19.01.2018)

JEL: E44, F30, G12, G14, G15, O16, O53, P21, P34

Added onto the Research Hub on 22.01.2018

Redefault Risk in the Aftermath of the Mortgage Crisis: Why Did Modifications Improve More Than Self-Cures?

Philadelphia Fed Working Papers [View] (2018-01-22, 22.01.2018)

JEL: G21, G28, G40

Foreign Currency Borrowing, Exports and Firm Performance: Evidence from a Currency Crisis

Central Bank of the Republic of Turkey Working Papers [View] (2018, 22.01.2018)

JEL: F34, F41, G21, L25

Export Behavior of Turkish Manufacturing Firms Under Crises

Central Bank of the Republic of Turkey Working Papers [View] (2018, 22.01.2018)

JEL: C23, C25, F14, L25

Added onto the Research Hub on 20.01.2018

Using Payroll Processor Microdata to Measure Aggregate Labor Market Activity

Board of Governors of the Federal Reserve System FEDS series [View] (2018-01-17, 17.01.2018)

JEL: C53, C55, C81, J11, J2

Modeling Fluctuations in the Global Demand for Commodities

Bank of Canada Working papers [View] (2018, 20.01.2018)

JEL: F44, Q11, Q31, Q41, Q43

Added onto the Research Hub on 19.01.2018

Quantitative Easing and the "New Normal" in Monetary Policy

Board of Governors of the Federal Reserve System FEDS series [View] (2018-01-17, 17.01.2018)

JEL: E37, E47, E52

Does Smooth Ambiguity Matter for Asset Pricing?

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2018-01, 19.01.2018)

JEL: C61, D81, G11, G12

The Unintended Consequences of Employer Credit Check Bans on Labor and Credit Markets

Cleveland Fed Working papers [View] (2018-01-10, 10.01.2018)

JEL: J08, J23, J78

Added onto the Research Hub on 18.01.2018

Estimating Unequal Gains across U.S. Consumers with Supplier Trade Data

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2018-01-17, 17.01.2018)

JEL: D12, E31, F14

Risks in China's financial system

Bank of Finland BOFIT Discussion Papers [View] (2018-01-17, 17.01.2018)

JEL: E02, G01

Added onto the Research Hub on 13.01.2018

Entrepreneurship and State Taxation

Board of Governors of the Federal Reserve System FEDS series [View] (2018-01-11, 11.01.2018)

JEL: D22, H25, H71, J23, L26

Added onto the Research Hub on 11.01.2018

Allan Meltzer: How He Underestimated His Own Contribution to the Modern Concept of a Central Bank

Richmond Fed Working Papers [View] (2018-01-09, 09.01.2018)

JEL: E5, N2

Added onto the Research Hub on 10.01.2018

Fiscal Implications of the Federal Reserve's Balance Sheet Normalization

Board of Governors of the Federal Reserve System FEDS series [View] (2018-01-08, 08.01.2018)

JEL: E58, E59, E69

Greed as a Source of Polarization

Philadelphia Fed Working Papers [View] (2017-12-28, 28.12.2017)

JEL: D72, H41

Added onto the Research Hub on 09.01.2018

Speed Segmentation on Exchanges: Competition for Slow Flow

Bank of Canada Working papers [View] (2018, 09.01.2018)

JEL: G14, G24