Central Bank Research Hub - What's new

Title Author(s)

Added onto the Research Hub on 29.03.2017

The financial fragility of Estonian households: Evidence from stress tests on the HFCS microdata

Bank of Estonia Working papers [View] (2017-03-29, 29.03.2017)

JEL: D14, E43, G21

Added onto the Research Hub on 28.03.2017

STEM graduates and secondary school curriculum: does early exposure to science matter?

Bank of Italy Working Papers [View] (2017-03-28, 28.03.2017)

JEL: H52, I23, J24

I will survive. Pricing strategies of financially distressed firms

Bank of Italy Working Papers [View] (2017-03-28, 28.03.2017)

JEL: C25, D22, L11

Taxation and housing markets with search frictions

Bank of Italy Working Papers [View] (2017-03-28, 28.03.2017)

JEL: E62, R21, R31

Fiscal delegation in a monetary union: instrument assignment and stabilization properties

Bank of Spain Working Papers [View] (2017-03, 28.03.2017)

JEL: E61, E62, F41, H63

Added onto the Research Hub on 27.03.2017

Central banks preferences and banking sector vulnerability

Bank of Estonia Working papers [View] (2017-03-27, 27.03.2017)

JEL: E3, E44, E52, E58

A model-based analysis of the macroeconomic impact of the refugee migration to Germany

Deutsche Bundesbank Discussion Papers [View] (2017-03-27, 27.03.2017)

JEL: E24, F22, J31, J61

Added onto the Research Hub on 25.03.2017

Sticky Wages, Monetary Policy and Fiscal Policy Multipliers

St Louis Fed Working Papers [View] (2017-03, 25.03.2017)

Added onto the Research Hub on 24.03.2017

External financing and economic activity in the euro area - Why are bank loans special?

Deutsche Bundesbank Discussion Papers [View] (2017-03-24, 24.03.2017)

JEL: E30, E40, E50, G20, G30

TFP growth and commodity prices in emerging economies

Bank of Spain Working Papers [View] (2017-03, 24.03.2017)

JEL: C11, C23, O47, Q02

External financing and economic activity in the euro area - why are bank loans special?

Bank for International Settlements Working papers [View] (2017-03-24, 24.03.2017)

JEL: E30, E40, E50, G20, G30

Added onto the Research Hub on 23.03.2017

Macro policy responses to natural resource windfalls and the crash in commodity prices

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: E60, F34, F35, F43, H21, H63, O11, Q33

The dynamics of investment projects: evidence from Peru

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: E43, E51, E52

Commodity price risk management and fiscal policy in a sovereign default model

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: F34, F41, F44

Volatility risk premia and future commodities returns

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: F37, G15, G17, Q02

Business cycles in an oil economy

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: C11, E30, F41, F44

Oil, equities, and the zero lower bound

Bank for International Settlements Working papers [View] (2017-03-23, 23.03.2017)

JEL: C81, E01, E30, F31, F41

Top-down vs. bottom-up? Reconciling the effects of tax and transfer shocks on output

Bank of Spain Working Papers [View] (2017-03, 23.03.2017)

JEL: E62, H20, H30

Bank Capital Redux: Solvency, Liquidity, and Crisis

San Francisco Fed Working Papers [View] (2017-03, 23.03.2017)

JEL: E44, G01, G21, N20

Should Platforms be Allowed to Charge Ad Valorem Fees?

Richmond Fed Working Papers [View] (2017-03, 23.03.2017)

JEL: D4, H5, L5

Added onto the Research Hub on 22.03.2017

What are the effects of changes in taxation and new types of mortgages on the real economy? - The case of Denmark during the 00's

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-03-22, 22.03.2017)

JEL: E17, E32, E62, E65, F41

Added onto the Research Hub on 21.03.2017

Currency wars or efficient spillovers?

Bank for International Settlements Working papers [View] (2017-03-21, 21.03.2017)

JEL: D61, F13, F33, F42

Added onto the Research Hub on 20.03.2017

An estimated two-country EA-US model with limited exchange rate pass-through

National Bank of Belgium Working Papers [View] (2017-03, 20.03.2017)

JEL: C11, E32, E37, F41

Added onto the Research Hub on 18.03.2017

The Pre-Crisis Monetary Policy Implementation Framework

New York Fed Staff reports [View] (2017-03, 18.03.2017)

JEL: E52, E58, N10

Added onto the Research Hub on 17.03.2017

Fire sales, indirect contagion and systemic stress testing

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-03-17, 17.03.2017)

Macroeconomic effects of secondary market trading

European Central Bank Working papers [View] (2017-03-17, 17.03.2017)

JEL: E32, E44, G01

Non-Parametric Estimation of Marginal Propensities to Consume: The Case of Regression Splines

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-03-17, 17.03.2017)

JEL: C51, E21, E6

Benchmarking institutional and structural indicators in EU candidate and potential candidate countries

European Central Bank Occasional papers [View] (2017-03-17, 17.03.2017)

JEL: F13, F15, G21, O11, O43

Added onto the Research Hub on 16.03.2017

To stay or go? Consumer bank switching behaviour after government interventions

Netherlands Bank DNB Working Papers [View] (2017-03-16, 16.03.2017)

JEL: D14, G21, G28

X-efficiency and economies of scale in pension fund administration and investment

Netherlands Bank DNB Working Papers [View] (2017-02-23, 16.03.2017)

JEL: G23, L1

Added onto the Research Hub on 15.03.2017

Capital Goods Trade, Relative Prices, and Economic Development

St Louis Fed Working Papers [View] (2017-03, 15.03.2017)

JEL: E22, F11, O11, O4

The time dimension of the links between loss given default and the macroeconomy

European Central Bank Working papers [View] (2017-03-15, 15.03.2017)

JEL: C02, G13, G33

Mapping the interconnectedness between EU banks and shadow banking entities

European Systemic Risk Board Working papers [View] (2017-03-15, 15.03.2017)

JEL: F65, G21, G23

News consumption, political preferences, and accurate views on inflation

Netherlands Bank DNB Working Papers [View] (2017-03-15, 15.03.2017)

JEL: D12, D83, D84, E31, E58

Quantitative easing and exuberance in government bond markets: Evidence from the ECB's expanded asset purchase program

Netherlands Bank DNB Working Papers [View] (2017-03-15, 15.03.2017)

JEL: E52, G12, G15

Direct democracy and government size: evidence from Spain

Bank of Spain Working Papers [View] (2017-03, 15.03.2017)

JEL: D7

Stagnation traps

European Central Bank Working papers [View] (2017-03-15, 15.03.2017)

JEL: E32, E43, E52, O42

Added onto the Research Hub on 14.03.2017

Decomposing financial (in)stability in emerging economies

European Systemic Risk Board Working papers [View] (2017-03-14, 14.03.2017)

JEL: E44, F65, G01, G15, G21, G23

Fiscal reaction function and fiscal fatigue: evidence for the euro area

European Central Bank Working papers [View] (2017-03-14, 14.03.2017)

JEL: C33, E62, F41, H60

Safe assets: a review

European Central Bank Working papers [View] (2017-03-14, 14.03.2017)

JEL: E41, E42, E44, G21

Added onto the Research Hub on 13.03.2017

Rethinking Detroit

Richmond Fed Working Papers [View] (2017-02, 04.02.2017)

Asymmetries in the interaction between housing prices and housing credit in Estonia

Bank of Estonia Working papers [View] (2017-03-13, 13.03.2017)

JEL: E32, E44, E51, G21, R21, R31

The implications of global and domestic credit cycles for emerging market economies: measures of finance-adjusted output gaps

European Central Bank Working papers [View] (2017-03-13, 13.03.2017)

JEL: C32, E32, F32

The inflation risk premium in the post-Lehman period

European Central Bank Working papers [View] (2017-03-13, 13.03.2017)

JEL: E44, G17

Added onto the Research Hub on 10.03.2017

SmallSample Tests for Stock Return Predictability with Possibly NonStationary Regressors and GARCHType Effects

Bank of Canada Working papers [View] (2017-03-10, 10.03.2017)

JEL: C12, C32, G14

Flight to liquidity and systemic bank runs

European Systemic Risk Board Working papers [View] (2017-03-10, 10.03.2017)

JEL: E44, E51, G20

SRISK: a conditional capital shortfall measure of systemic risk

European Systemic Risk Board Working papers [View] (2017-03-10, 10.03.2017)

JEL: C22, C23, C53, G01, G20

Added onto the Research Hub on 09.03.2017

Dissecting US recoveries

Bank of Spain Working Papers [View] (2017-03, 09.03.2017)

JEL: C22, E32

Changing business models in international bank funding

Bank for International Settlements Working papers [View] (2017-03-09, 09.03.2017)

JEL: C32, F65, G21

Added onto the Research Hub on 08.03.2017

Has the Fed responded to house and stock prices? A time-varying analysis

Central Bank of Norway (Norges Bank) Working Papers [View] (2017-03-08, 08.03.2017)

JEL: C32, E44, E52, E58

Added onto the Research Hub on 06.03.2017

Consumption-led expansions

Bank for International Settlements Quarterly Review [View] (2017-03, 06.03.2017)

JEL: E21, E32, E50, F43, O40

The new era of expected credit loss provisioning

Bank for International Settlements Quarterly Review [View] (2017-03, 06.03.2017)

JEL: G21, G28, M40, M48

The quest for speed in payments

Bank for International Settlements Quarterly Review [View] (2017-03, 06.03.2017)

JEL: E58, G20, O30

The bond benchmark continues to tip to swaps

Bank for International Settlements Quarterly Review [View] (2017-03, 06.03.2017)

JEL: G12, G15

Added onto the Research Hub on 02.03.2017

U.K. Monetary Policy under Inflation Targeting

Bank of Lithuania Working Papers [View] (2017-03, 02.03.2017)

JEL: C22, C52, C53, E58

Service regulations, input prices and export volumes: evidence from a panel of manufacturing firms

Bank of Spain Working Papers [View] (2017-03, 02.03.2017)

JEL: F14, L11, L43

Added onto the Research Hub on 01.03.2017

International Banking and Cross-Border Effects of Regulation: Lessons from Turkey

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F42, F44, G15, G21

International Banking and Cross-Border Effects of Regulation: Lessons from the United Kingdom

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F32, F34, G21

International Banking and Cross-Border Effects of Regulation: Lessons from the United States

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F42, F44, G15, G21

Changes in Prudential Policy Instruments - A New Cross-Country Database

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: E43, E58, G18, G28

Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F34, G01, G21

International Banking and Cross-Border Effects of Regulation: Lessons from Korea

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F34, G01, G21, G28

International Banking and Cross-Border Effects of Regulation: Lessons from the Netherlands

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F42, F44, G15, G21

International Banking and Cross-Border Effects of Regulation: Lessons from Poland

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F42, G18, G21

International Banking and Cross-Border Effects of Regulation: Lessons from Portugal

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F42, G21, G28

International Banking and Cross-Border Effects of Regulation: Lessons from Germany

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F30, G01, G20, G28

International Banking and Cross-Border Effects of Regulation: Lessons from France

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F36, G21, G28

International Banking and Cross-Border Effects of Regulation: Lessons from Hong Kong

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: E58, F34, G21, G28

International Banking and Cross-Border Effects of Regulation: Lessons from Italy

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: G20, G21

International Banking and Cross-Border Effects of Regulation: Lessons from Mexico

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: E58, F65, G01, G21, G28

Notes to Understand Migration Policy with International Trade Theoretical Tools

Bank of Mexico Working Papers [View] (2017-03, 01.03.2017)

JEL: D72, D78, F13, F22

International Prudential Policy Spillovers: A Global Perspective

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F42, G15, G21

International Banking and Cross-Border Effects of Regulation: Lessons from Canada

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F34, G01, G21

International Banking and Cross-Border Effects of Regulation: Lessons from Switzerland

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: F42, G21, G28

International Banking and Cross-Border Effects of Regulation: Lessons from Chile

IJCB International Journal of Central Banking [View] (2017-03, 01.03.2017)

JEL: E32, F32, F34, G15, G21

Added onto the Research Hub on 28.02.2017

Government guarantees and financial stability

European Central Bank Working papers [View] (2017-02-28, 28.02.2017)

JEL: G21, G28

How robust is the result that the cost of "leaning against the wind" exceeds the benefit?

European Central Bank Working papers [View] (2017-02-28, 28.02.2017)

JEL: E52, E58, G01

Financial transaction taxes, market composition, and liquidity

European Central Bank Working papers [View] (2017-02-28, 28.02.2017)

Risk sharing and real exchange rates: the role of non-tradable sector and trend shocks

Bank for International Settlements Working papers [View] (2017-02-28, 28.02.2017)

JEL: E32, F41, F44

Capital Accumulation and Dynamic Gains from Trade

St Louis Fed Working Papers [View] (2017-02, 28.02.2017)

JEL: E22, F11, O11

Added onto the Research Hub on 27.02.2017

Revisiting potential output in Denmark

National Bank of Denmark (Danmarks Nationalbank) Working papers [View] (2017-02-27, 27.02.2017)

Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?

Bank for International Settlements Working papers [View] (2017-02-27, 27.02.2017)

JEL: E44, E51, E52

Macro stress testing euro area banks' fees and commissions

European Central Bank Working papers [View] (2017-02-27, 27.02.2017)

JEL: G01, G17, G21

A stochastic forward-looking model to assess the profitability and solvency of European insurers

European Central Bank Working papers [View] (2017-02-27, 27.02.2017)

JEL: G20, G22, G23

Added onto the Research Hub on 25.02.2017

Portfolio Investment Response to U.S. Monetary Policy Announcements: An Event Study Analysis Using High Frequency Data from Mexico

Bank of Mexico Working Papers [View] (2017-02, 25.02.2017)

JEL: E4, E52, F21, F3, F62, G10

Labor market consequences of trade openness and competition in foreign markets

Bank of Mexico Working Papers [View] (2017-02, 25.02.2017)

JEL: E24, F14, F16

Added onto the Research Hub on 24.02.2017

A panel VAR analysis of macro-financial imbalances in the EU

Bank of Lithuania Working Papers [View] (2017-02, 24.02.2017)

JEL: C33, F31, F32

Economic crises and the eligiblity for the lender of last resort: evidence from 19th century France

European Central Bank Working papers [View] (2017-02-24, 24.02.2017)

JEL: E44, E51, E58, G28, N14, N54

A panel VAR analysis of macro-financial imbalances in the EU

European Central Bank Working papers [View] (2017-02-24, 24.02.2017)

JEL: C33, F31, F32

The role of structural funding for stability in the German banking sector

Deutsche Bundesbank Discussion Papers [View] (2017-02-24, 24.02.2017)

JEL: C23, C25, G21, G28

Added onto the Research Hub on 23.02.2017

Why did sponsor banks rescue their SIVs?

Bank of Italy Working Papers [View] (2017-02-23, 23.02.2017)

JEL: G2, G3

Optimizing policymakers' loss functions in crisis prediction: before, within or after?

European Central Bank Working papers [View] (2017-02-23, 23.02.2017)

JEL: C35, C53, G01

Global inflation: the role of food, housing and energy prices

European Central Bank Working papers [View] (2017-02-23, 23.02.2017)

JEL: E31, E52, F42

The effects of tax on bank liability structure

Bank for International Settlements Working papers [View] (2017-02-23, 23.02.2017)

JEL: G21, G32, G38, H25

A tale of fragmentation: corporate funding in the euro-area bond market

Bank of Italy Working Papers [View] (2017-02-23, 23.02.2017)

JEL: G15, G32, G38

An indicator of inflation expectations anchoring

Bank of Italy Working Papers [View] (2017-02-23, 23.02.2017)

JEL: C14, C58, E31, E44, G13

Monetary policy surprises over time

Bank of Italy Working Papers [View] (2017-02-23, 23.02.2017)

JEL: E44, E52, F31, G14

The effects of tax on bank liability structure

Bank of Italy Working Papers [View] (2017-02-23, 23.02.2017)

JEL: G21, G32, G38, H25

Generalized Matching Functions and Resource Utilization Indices for the Labor Market

San Francisco Fed Working Papers [View] (2017-02, 23.02.2017)

JEL: E24, J63, J64

International Trade and Intertemporal Substitution

St Louis Fed Working Papers [View] (2017-02, 23.02.2017)