Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 21.11.2017

Cash Versus Card: Payment Discontinuities and the Burden of Holding Coins

Bank of Canada Working papers [View] (2017, 21.11.2017)

JEL: D03, E42

The Causal Impact of Migration on US Trade: Evidence from Political Refugees

Bank of Canada Working papers [View] (2017, 21.11.2017)

JEL: F14, F22, J61

Optimal Interbank Regulation

Bank of Canada Working papers [View] (2017, 21.11.2017)

JEL: G01, G20

Added onto the Research Hub on 20.11.2017

On the Tail Risk Premium in the Oil Market

Bank of Canada Working papers [View] (2017, 20.11.2017)

JEL: C53, C58, D84, E44, G12, G13, Q43

Added onto the Research Hub on 18.11.2017

Loan-to-value policy and housing finance: effects on constrained borrowers

Bank for International Settlements Working papers [View] (2017-11, 17.11.2017)

JEL: G21, G28

Credit supply responses to reserve requirement: loan-level evidence from macroprudential policy

Bank for International Settlements Working papers [View] (2017-11, 18.11.2017)

JEL: E51, E52, E58, G21, G28

Macroprudential Policies in Peru: The effects of Dynamic Provisioning and Conditional Reserve Requirements

Bank for International Settlements Working papers [View] (2017-11, 18.11.2017)

JEL: E51, E52, E58, G21, G28

Credit misallocation during the European financial crisis

Bank for International Settlements Working papers [View] (2017-11, 01.11.2017)

JEL: D23, E24, G21

Policy Rules for Capital Controls

Bank for International Settlements Working papers [View] (2017-11, 01.11.2017)

JEL: F3, F4, F5, G0, G1

Capital misallocation and financial development: A sector-level analysis

Bank for International Settlements Working papers [View] (2017-11, 01.11.2017)

JEL: E22, E23, O16, O47

Capital and currency-based macroprudential policies: an evaluation using credit registry data

Bank for International Settlements Working papers [View] (2017-11, 01.11.2017)

JEL: C33, E58, G28

Added onto the Research Hub on 17.11.2017

Sovereign Bond Risk Premiums

National Bank of the Republic of Austria Working Papers [View] (2017-11-17, 17.11.2017)

China's evolving managed float: an exploration of the roles of the fix and broad dollar movements in explaining daily exchange rate changes

New York Fed Staff reports [View] (2017-11-01, 01.11.2017)

JEL: F3, F31, F33, G15, O16

The mortgage rate conundrum

New York Fed Staff reports [View] (2017-11-01, 01.11.2017)

JEL: E32, E44, G21

Stuck in Subprime? Examining the Barriers to Refinancing Mortgage Debt

Philadelphia Fed Working Papers [View] (2017-11-16, 16.11.2017)

JEL: D12, G21, J15

An index of Treasury Market liquidity: 1991-2017

New York Fed Staff reports [View] (2017-11-01, 01.11.2017)

JEL: G12

Added onto the Research Hub on 16.11.2017

Common factors of commodity prices

European Central Bank Working papers [View] (2017-11, 16.11.2017)

JEL: C51, C53, Q02

Added onto the Research Hub on 15.11.2017

Common Factors, Trends, and Cycles in Large Datasets

Board of Governors of the Federal Reserve System FEDS series [View] (2017-11-13, 13.11.2017)

JEL: C32, C38, C55, E00

Added onto the Research Hub on 14.11.2017

The distribution of excess liquidity in the euro area

European Central Bank Occasional papers [View] (2017-11, 14.11.2017)

JEL: D39, E41, E44, E50, G01, G28

Structural reform waves and economic growth

European Central Bank Working papers [View] (2017-11, 14.11.2017)

JEL: E65, O11, O43, O47

Added onto the Research Hub on 13.11.2017

A structural model to study the bail-out process in a bank and its macro-prudential policy implications

European Central Bank Working papers [View] (2017-11, 13.11.2017)

JEL: G21, G28, H81

The international bank lending channel of unconventional monetary policy

European Central Bank Working papers [View] (2017-11, 13.11.2017)

JEL: E44, E52, G01

Added onto the Research Hub on 09.11.2017

Myths and Observations on Unconventional Monetary Policy -- Takeaways from Post-Bubble Japan --

Bank of Japan Working Papers [View] (2017-11-09, 09.11.2017)

JEL: F39, G15, G18

Assessing the effective stance of monetary policy: A factor-based approach

Netherlands Bank DNB Working Papers [View] (2017-11, 09.11.2017)

JEL: E43, E52

Added onto the Research Hub on 08.11.2017

Tracing European structured finance counterparty networks

European Central Bank Occasional papers [View] (2017-11, 08.11.2017)

JEL: D85, G21, G23, G32

Added onto the Research Hub on 07.11.2017

Global and Domestic Modeling of Macroeconomic Shocks: A GVAR Analysis of Ireland

Central Bank of Ireland Research Technical Papers [View] (2017-11, 07.11.2017)

JEL: C33, E44, F41

Real exchange rate misalignments in the euro area

European Central Bank Working papers [View] (2017-11, 01.11.2017)

JEL: E24, E30, F00

On collateral: implications for financial stability and monetary policy

European Central Bank Working papers [View] (2017-11, 01.11.2017)

JEL: E44, E59, G18

Empirical network contagion for U.S. financial institutions

New York Fed Staff reports [View] (2017-11-01, 06.11.2017)

JEL: D85, G21

Predicting Exchange Rate Volatility in Brazil: an approach using quantile autoregression

Central Bank of Brazil Working Papers [View] (2017-11, 01.11.2017)

JEL: C14, C22, C53, F31, G17

Added onto the Research Hub on 04.11.2017

An Assessment of the National Establishment Time Series (NETS) Database

Board of Governors of the Federal Reserve System FEDS series [View] (2017-11-03, 04.11.2017)

JEL: C81, J21, R10, Y10

What's the Story? A New Perspective on the Value of Economic Forecasts

Board of Governors of the Federal Reserve System FEDS series [View] (2017-11-03, 04.11.2017)

JEL: C53, E17, E27, E37, E52, G40

The Great Recession and a Missing Generation of Exporters

Board of Governors of the Federal Reserve System FEDS series [View] (2017-11-03, 04.11.2017)

JEL: E32, E44, F10, F40, J2

Mechanics of Linear Quadratic Gaussian Rational Inattention Tracking Problems

Board of Governors of the Federal Reserve System FEDS series [View] (2017-11-03, 04.11.2017)

JEL: D81, D83, E31

Russia's 1999-2000 election cycle and the politics-banking interface

Bank of Finland BOFIT Discussion Papers [View] (2017-11-01, 04.11.2017)

JEL: G21, P34

Added onto the Research Hub on 03.11.2017

Testing for Differences in Path Forecast Accuracy: Forecast-Error Dynamics Matter

Cleveland Fed Working papers [View] (2017-11-02, 03.11.2017)

JEL: C12, C22, C52, C53

Added onto the Research Hub on 02.11.2017

Strategic Default Among Private Student Loan Debtors: Evidence from Bankruptcy Reform

Philadelphia Fed Working Papers [View] (2017-11-02, 02.11.2017)

JEL: D14, G21, I22, K35

Added onto the Research Hub on 01.11.2017

The information content in the offshore Renminbi foreign-exchange option market : Analytics and implied USD/CNH densities

Bank of Finland BOFIT Discussion Papers [View] (2017-10-23, 01.11.2017)

JEL: C53, F31, F37

Determinants of bank closures : Do changes of CAMEL variables matter?

Bank of Finland BOFIT Discussion Papers [View] (2017-10-30, 01.11.2017)

JEL: G01, G21, G32, G34

Added onto the Research Hub on 31.10.2017

An anatomy of the spanish current account adjustment: the role of permanent and transitory factors

Bank of Spain Working Papers [View] (2017-10, 31.10.2017)

JEL: F21, F32, F41

Changing business models in international bank funding

Bank of Spain Working Papers [View] (2017-10, 31.10.2017)

JEL: C32, F65, G21

Firm heterogeneity and aggregate business services exports: micro evidence from Belgium, France, Germany and Spain

Bank of Spain Working Papers [View] (2017-10, 31.10.2017)

JEL: F14

International migration pressures in the long run

Bank of Spain Working Papers [View] (2017-10, 31.10.2017)

JEL: F22, J61

Understanding Rating Movements in Euro Area Countries

Czech National Bank Working papers [View] (2017-10, 31.10.2017)

JEL: C25, G24, H63, H68

Cross-border banking on the two sides of the atlantic: does it have an impact on bank crisis management?

Bank of Spain Working Papers [View] (2017-10, 31.10.2017)

JEL: G21, G28, G34

Added onto the Research Hub on 30.10.2017

An analytical framework to calibrate macroprudential policy

Bank of France Working Papers [View] (2017, 30.10.2017)

JEL: C58, E32, E44, G21

Dissecting long-term Bund yields in the run-up to the ECB's Public Sector Purchase Programme

European Central Bank Working papers [View] (2017-10, 30.10.2017)

JEL: E43, E52

Added onto the Research Hub on 27.10.2017

Identification of Random Resource Shares in Collective Households Without Preference Similarity Restrictions

Bank of Canada Working papers [View] (2017, 27.10.2017)

JEL: C31, D11, D12, D13, I32

Added onto the Research Hub on 26.10.2017

Contingent convertibles: Can the market handle them?

Netherlands Bank DNB Working Papers [View] (2017-09, 01.09.2017)

JEL: G01, G21, G32

Dynamic Bank Runs: an agent-based approach

Central Bank of Brazil Working Papers [View] (2017-10, 01.10.2017)

JEL: G21

Welfare effects of R support policies

Bank of Finland Discussion Papers [View] (2017-10-16, 16.10.2017)

JEL: C31, L53, O31, O38

Added onto the Research Hub on 25.10.2017

Internal Capital Markets in Times of Crisis: The Benefit of Group Affiliation in Italy

Bank of Italy Working Papers [View] (2017-10, 25.10.2017)

JEL: G01, G21, G31, G33

Consistent inference in fixed-effects stochastic frontier models

Bank of Italy Working Papers [View] (2017-10, 25.10.2017)

JEL: C13, C23

Investment decisions by European firms and financing constraints

Bank of Italy Working Papers [View] (2017-10, 25.10.2017)

JEL: G01, G31, G32

A quantitative analysis of risk premia in the corporate bond market

Bank of Italy Working Papers [View] (2017-10, 25.10.2017)

JEL: B26, C02, F30, G12, G15

Monetary policy in times of debt

Bank of Italy Working Papers [View] (2017-10, 25.10.2017)

JEL: E52, E58, G21

Capital Misallocation and Financial Development: A Sector-Level Analysis

Bank of Italy Working Papers [View] (2017-10, 25.10.2017)

JEL: E22, E23, O16, O47

Leaving your mamma: why so late in Italy?

Bank of Italy Working Papers [View] (2017-10, 25.10.2017)

JEL: D10, D31, H31, J11, J12

A Financial Conditions Index for the CEE economies

Bank of Italy Working Papers [View] (2017-10, 25.10.2017)

JEL: C43, E17, E44, E5, G01

Added onto the Research Hub on 24.10.2017

Monetary policy transmission with two exchange rates and a single currency : The Chinese experience

Bank of Finland BOFIT Discussion Papers [View] (2017-10-21, 21.10.2017)

JEL: E52, F31, F40

Added onto the Research Hub on 23.10.2017

Beneath the Gold Points: European Financial Market Integration, 1844-1870

Bank of France Working Papers [View] (2017, 23.10.2017)

JEL: F3, G15, N23

First-Time Homebuyers: Toward a New Measure

Philadelphia Fed Working Papers [View] (2017-10-09, 09.10.2017)

JEL: R30, R31, R38

Measuring the "Free" Digital Economy Within the GDP and Productivity Accounts

Philadelphia Fed Working Papers [View] (2017-10-23, 23.10.2017)

JEL: C82, L81, M37, O3

Added onto the Research Hub on 21.10.2017

The Unequal Distribution of Economic Education : A Report on the Race, Ethnicity, and Gender of Economics Majors at US Colleges and Universities

Board of Governors of the Federal Reserve System FEDS series [View] (2017-10-19, 19.10.2017)

Global Dynamics in a Search and Matching Model of the Labor Market

Richmond Fed Working Papers [View] (2017-10-20, 20.10.2017)

JEL: C62, C65, E24, J64

Asset Issuance in Over-the-Counter Markets

Richmond Fed Working Papers [View] (2017-10-20, 20.10.2017)

JEL: D53, D82, G14

Added onto the Research Hub on 20.10.2017

Monetary Policy Uncertainty

Board of Governors of the Federal Reserve System International Financial Discussion Papers [View] (2017-10, 20.10.2017)

JEL: E40, E50

What Drives Systemic Bank Risk in Europe: the balance sheet effect

Central Bank of Ireland Research Technical Papers [View] (2017-10, 20.10.2017)

JEL: G01, G21, G28

Corporate Debt Structure and Economic Recoveries

Bank of France Working Papers [View] (2017-10, 20.10.2017)

JEL: E3, E4, G1, G2

Evaluating the environmental impact of debit card payments

Netherlands Bank DNB Working Papers [View] (2017-10, 20.10.2017)

JEL: E42, Q50

Modeling the business and financial cycle in a multivariate structural time series model

Netherlands Bank DNB Working Papers [View] (2017-10, 01.10.2017)

JEL: C32, E32, G01

Added onto the Research Hub on 18.10.2017

The Aggregate and Relative Economic Effects of Medicaid and Medicare Expansions

St Louis Fed Working Papers [View] (2017-10-16, 16.10.2017)

JEL: E62

Modelling a small open economy using a wavelet-based control model

Bank of Finland Discussion Papers [View] (2017-10-18, 18.10.2017)

JEL: C61, C63, C88, E52, E61, F47

Worker separation under performance pay : Empirical evidence from Finland

Bank of Finland Discussion Papers [View] (2017-10-19, 18.10.2017)

JEL: J31, J33, J62, J63, M52

Welfare effects of R support policies

Bank of Finland Discussion Papers [View] (2017-10-16, 18.10.2017)

JEL: C31, L53, O31, O38

On corporate borrowing, credit spreads and economic activity in emerging economies : An empirical investigation

Bank of Finland Discussion Papers [View] (2017-10-17, 18.10.2017)

JEL: E32, E37, F34, F37, G15

Uncertainty and Monetary Policy in Good and Bad Times

Reserve Bank of Australia Research Discussion Papers [View] (2017-10, 01.10.2017)

JEL: C32, E32

Added onto the Research Hub on 17.10.2017

Perceptions of Inequality

National Bank of the Republic of Austria Working Papers [View] (2017-10-17, 17.10.2017)

JEL: C81, D31, D63, D83

Actuarial Deductions for Early Retirement

National Bank of the Republic of Austria Working Papers [View] (2017-10-17, 17.10.2017)

JEL: H55, J1, J18, J26

Added onto the Research Hub on 16.10.2017

Too late, too sudden: Transition to a low-carbon economy and systemic risk

European Systemic Risk Board ASC Reports [View] (2016-02, 01.02.2016)

JEL: G28

Forbearance, resolution and deposit insurance

European Systemic Risk Board ASC Reports [View] (2012-07, 01.07.2012)

JEL: G28, G33

The consequences of the single supervisory mechanism for Europe's macro-prudential policy framework

European Systemic Risk Board ASC Reports [View] (2013-09, 01.09.2013)

JEL: G28

Allocating macro-prudential powers

European Systemic Risk Board ASC Reports [View] (2014-10, 01.10.2014)

JEL: G28

Is Europe Overbanked?

European Systemic Risk Board ASC Reports [View] (2014-06, 01.06.2014)

JEL: G10, G20

Monetary Policy and Digital Currencies: Much Ado about Nothing?

Bank of France Working Papers [View] (2017-09, 01.09.2017)

JEL: E52, E58

Time-varying fiscal spending multipliers in the UK

Bank of France Working Papers [View] (2017-09, 01.09.2017)

JEL: C32, E62, H30, H50

Entrepreneurship and Information on Past Failures: A Natural Experiment

Bank of France Working Papers [View] (2017-09, 01.09.2017)

JEL: G33, L26

Common Factors of Commodity Prices

Bank of France Working Papers [View] (2017-09, 01.09.2017)

JEL: C51, C53, Q02

A contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the discussion on the European Commission's banking union proposals

European Systemic Risk Board ASC Reports [View] (2012-10, 01.10.2012)

JEL: G28

Is fiscal policy in the euro area Ricardian?

Netherlands Bank DNB Working Papers [View] (2017-07, 01.07.2017)

JEL: E63, H62, H63

Applying complexity theory to interest rates: Evidence of critical transitions in the euro area

Netherlands Bank DNB Working Papers [View] (2017-09, 01.09.2017)

JEL: E43, E52, E58

Measuring Limits of Arbitrage in Fixed-Income Markets

Bank of Canada Working papers [View] (2017-10, 01.10.2017)

JEL: G12

The Mode is the Message: Using Predata as Exclusion Restrictions to Evaluate Survey Design

Bank of Canada Working papers [View] (2017-10, 01.10.2017)

JEL: C8

Policy Rules for Capital Controls

Bank of Canada Working papers [View] (2017-10, 01.10.2017)

JEL: F3, F4, F5, G0, G1

Added onto the Research Hub on 13.10.2017

Large net foreign liabilities of euro area countries

European Central Bank Occasional papers [View] (2017-10, 01.10.2017)

JEL: F21, F32, F34, F36, F45

Interest rates and house prices in the United States and around the world

Bank for International Settlements Working papers [View] (2017-10, 01.10.2017)

JEL: E39, E43, E58, G12, R31, R32

Urban Transportation and Inter-Jurisdictional Competition

Richmond Fed Working Papers [View] (2017-10-12, 12.10.2017)

Optimal Incentive Contracts with Job Destruction Risk

Richmond Fed Working Papers [View] (2017-09-29, 29.09.2017)

JEL: D86

Added onto the Research Hub on 12.10.2017

Monetary policy and bank profitability in a low interest rate environment

European Central Bank Working papers [View] (2017-10, 01.10.2017)

JEL: E43, E52, G01, G21, G28

Taxes and the Fed : Theory and Evidence from Equities

Board of Governors of the Federal Reserve System FEDS series [View] (2017-10-11, 11.10.2017)

JEL: E63, G12