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Central Bank Research Hub - Past 3 months



Added onto the Research Hub on 27.08.2008

Repeated Moral Hazard with Effort Persistence

by Arantxa JarqueRichmond Fed Working Papers
08-04 (Aug 2008)
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Juvenile Delinquent Mortgages: Bad Credit or Bad Economy?

by Andrew Haughwout, Richard Peach, and Joseph TracyNew York Fed Staff reports
341 (Aug 2008)
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Added onto the Research Hub on 26.08.2008

Price convergence and geographic dimension of market integration: Evidence from China

by Maria RitolaBank of Finland BOFIT Discussion Papers
2008/13 (26 Aug 2008)
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Banking in transition countries

by John Bonin, Iftekhar Hasan and Paul WachtelBank of Finland BOFIT Discussion Papers
2008/12 (25 Aug 2008)
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The conduct of global monetary policy and domestic stability

by Andrew P Blake and Bojan MarkovicBank of England Working papers
353 (Aug 2008)
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An agent-based model of payment systems

by Marco Galbiati and Kimmo SoramäkiBank of England Working papers
352 (Aug 2008)
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The cyclicality of mark-ups and profit margins for the United Kingdom: some new evidence

by Clare Macallan, Stephen Millard and Miles ParkerBank of England Working papers
351 (Aug 2008)
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Resuscitating the wage channel in models with unemployment fluctuations

by Kai Christoffel and Keith KuesterEuropean Central Bank Working papers
923 (Aug 2008)

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Agency problems in structured finance - a case study of European CLOs

by Joachim KellerNational Bank of Belgium Working Papers
137 (26 Aug 2008)
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Asset Prices, Exchange Rates and the Current Account

by Marcel Fratzscher, Luciana Juvenal, and Lucio SarnoSt Louis Fed Working Papers
2008-031 (Aug 2008)
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Averaging Forecasts from VARs with Uncertain Instabilities

by Todd E. Clark, and Michael W. McCrackenSt Louis Fed Working Papers
2008-030 (Aug 2008)
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Loan Officers and Relationship Lending to SMEs

by Uchida, Udell, YamoriSan Francisco Fed Working Papers
2008-17 (Jul 2008)

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The Adjustment of Global External Balances: Does Partial Exchange Rate Pass-Through to Trade Prices Matter?

by Gust, Leduc, SheetsSan Francisco Fed Working Papers
2008-16 (Jun 2008)

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Added onto the Research Hub on 25.08.2008

Inventories, Lumpy Trade, and Large Devaluations

by George Alessandria, Joseph Kaboski, Virgiliu MidriganChicago Fed Working papers
WP-2008-07 (Aug 2008)
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Scale and the Origins of Structural Change

by Francisco J. Buera, Joseph KaboskiChicago Fed Working papers
WP-2008-06 (Aug 2008)
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Added onto the Research Hub on 23.08.2008

The High-Frequency Impact of News on Long-Term Yields and Forward Rates: Is It Real?

by Meredith J. Beechey and Jonathan H. WrightFederal Reserve Board FEDS series
2008-39 (Aug 2008)
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Estimating the common trend rate of inflation for consumer prices and consumer prices excluding food and energy prices

by Michael T. KileyFederal Reserve Board FEDS series
2008-38 (Aug 2008)
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Temporal Risk Aversion and Asset Prices

by Skander J. Van den HeuvelFederal Reserve Board FEDS series
2008-37 (Aug 2008)
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Insider Rates vs. Outsider Rates in Lending

by Lamont K. BlackFederal Reserve Board FEDS series
2008-36 (Aug 2008)
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Added onto the Research Hub on 22.08.2008

Multivariate structural time series models with dual cycles : implications for measurement of output gap and potential growth

by Philippe MoësNational Bank of Belgium Working Papers
136 (18 Aug 2008)
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Imperfect exchange rate pass-through: the role of distribution services and variable demand elasticity

by Philippe JeanfilsNational Bank of Belgium Working Papers
135 (18 Aug 2008)
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Tests of Equal Predictive Ability with Real-Time Data

by Todd E. Clark, and Michael W. McCrackenSt Louis Fed Working Papers
2008-029 (Aug 2008)
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Improving Forecast Accuracy by Combining Recursive and Rolling Forecasts

by Todd E. Clark, and Michael W. McCrackenSt Louis Fed Working Papers
2008-028 (Aug 2008)
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Credit scoring models: The use of credit bureau data when there is missing information

by Verónica Balzarotti, Fernando Castelpoggi .Central Bank of Argentina Working Papers
2008/37 (Aug 2008)

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Bank diversification and its impact on portfolio quality in Argentina

by Alejandra Anastasi, Ricardo Bebczuk, Pedro Elosegui, Máximo Sangiácomo .Central Bank of Argentina Working Papers
2008/36 (Aug 2008)

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Added onto the Research Hub on 21.08.2008

The dynamics of operating income in the Norwegian banking sector

by Henrik Andersen, Sigbjørn Atle Berg and Eilev S. Jansen, (Financial Markets Department)Central Bank of Norway Working Papers
2008/13 (21 Aug 2008)
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Commodity prices, interest rates and the dollar

by Q. Farooq Akram,Central Bank of Norway Working Papers
2008/12 (21 Aug 2008)
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Corporate tax competition and the decline of public investment

by Pedro Gomes and Francois PougetEuropean Central Bank Working papers
928 (Aug 2008)

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Euro area money demand and international portfolio allocation: a contribution to assessing risks to price stability

by Roberto A. De SantisEuropean Central Bank Working papers
926 (Aug 2008)

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Changes in Investors' Risk Appetite - An Assessment of Financial Integration and Interdependence

by Laurence Fung, Chi-sang Tam and Ip-wing YuHong Kong Monetary Authority Working Papers
WP08_12 (Aug 2008)
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Dating and forecasting turning points by Bayesian clustering with dynamic structure: A suggestion with an application to Austrian data.

by Sylvia KaufmannAustrian National Bank Working Papers
WP144 (19 Jun 2008)
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Threshold Adjustment in Deviations from the Law of One Price

by Luciana Juvenal, and Mark P. TaylorSt Louis Fed Working Papers
2008-027 (Aug 2008)
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Added onto the Research Hub on 20.08.2008

Optimal Monetary Policy with Distinct Core and Headline Inflation Rates

by Martin Bodenstein, Christopher J. Erceg, and Luca GuerrieriFederal Reserve Board International Financial Discussion Papers
2008-941 (Aug 2008)
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Friends or Foes? The Stock Price Impact of Sovereign Wealth Fund Investments and the Price of Keeping Secrets

by Jason Kotter and Ugur LelFederal Reserve Board International Financial Discussion Papers
2008-940 (Aug 2008)
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Foreign Exposure to Asset-Backed Securities of U.S. Origin

by Daniel O. Beltran, Laurie Pounder, and Charles ThomasFederal Reserve Board International Financial Discussion Papers
2008-939 (Aug 2008)
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Are Bygones not Bygones? Modeling Price Level Targeting with an Escape Clause and Lessons from the Gold Standard

by Paul R. Masson and Malik D. ShukayevBank of Canada Working papers
2008-27 (Aug 2008)
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David Versus Goliath: The Impact of Chinese Competition on Developing Countries

by Roberto Álvarez; Sebastián ClaroCentral Bank of Chile Working Papers
478 (Aug 2008)
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Forecasting Inflation Forecast Errors

by Andrea Betancor; Pablo PincheiraCentral Bank of Chile Working Papers
477 (Aug 2008)
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Productivity, Innovation and Exportations in the Chilean Manufacturing Industry

by Roberto Álvarez; Álvaro GarcíaCentral Bank of Chile Working Papers
476 (Aug 2008)
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Added onto the Research Hub on 19.08.2008

Price-Level versus Inflation Targeting with Financial Market Imperfections

by Francisco Covas and Yahong ZhangBank of Canada Working papers
2008-26 (Aug 2008)
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Measuring the Financial Markets' Perception of EMU Enlargement: The Role of Ambiguity Aversion

by Martin Cincibuch and Martina HorníkováCzech National Bank Working papers
2007/13 (Aug 2007)
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Organizational distance and use of collateral for business loans (633 KB)

by Gabriel Jiménez, Vicente Salas-Fumás and Jesús SaurinaBank of Spain Working Papers
0816 (Aug 2008)
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Added onto the Research Hub on 15.08.2008

Monetary stabilisation in a currency union of small open economies

by Marcelo SánchezEuropean Central Bank Working papers
927 (Aug 2008)

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Flow on conjunctural information and forecast of euro area economic activity

by Katja Drechsel and Laurent MaurinEuropean Central Bank Working papers
925 (Aug 2008)

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Government spending volatility and the size of nations

by Davide Furceri and Marcos Poplawski RibeiroEuropean Central Bank Working papers
924 (Aug 2008)

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Added onto the Research Hub on 14.08.2008

City Business Cycles and Crime

by Thomas A. Garrett, and Lesli S. OttSt Louis Fed Working Papers
2008-026 (Aug 2008)
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Added onto the Research Hub on 13.08.2008

Firm Entry and Labor Market Dynamics

by Enchuan Shao and Pedro SilosAtlanta Fed Working papers
2008-17 (Aug 2008)
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Sterilization, Monetary Policy, and Global Financial Integration

by Glick, AizenmanSan Francisco Fed Working Papers
2008-15 (Aug 2008)

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Do Banks Price their Informational Monopoly?

by Hale, SantosSan Francisco Fed Working Papers
2008-14 (Feb 2008)

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Understanding Changes in Exchange Rate Pass-Through

by TakhtamanovaSan Francisco Fed Working Papers
2008-13 (Feb 2008)

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Climate Change and Asset Prices: Hedonic Estimates for North American Ski Resorts

by Butsic, Hanak, VallettaSan Francisco Fed Working Papers
2008-12 (Jul 2008)

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Good Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?

by Philipp Maier and Garima VasishthaBank of Canada Working papers
2008-25 (Aug 2008)
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Added onto the Research Hub on 12.08.2008

Do Central Banks Respond to Exchange Rate Movements? Some New Evidence from Structural Estimation

by Wei DongBank of Canada Working papers
2008-24 (Aug 2008)
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Classroom Peer Effects and Student Achievement

by Mary A. Burke and Tim R. SassBoston Fed Working papers
08-05 (Aug 2008)
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Added onto the Research Hub on 11.08.2008

Extreme Coexceedances in New EU Member States' Stock Markets

by Charlotte Christiansen and Angelo RanaldoSwiss National Bank Working Papers
2008-10 (Aug 2008)
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Added onto the Research Hub on 08.08.2008

Russia, EU enlargement and the euro

by Zbigniew Polanski and Adalbert WinklerEuropean Central Bank Occasional papers
93 (Aug 2008)

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Impact of IPO Activities on the Hong Kong Dollar Interbank Market

by Frank Leung and Philip NgHong Kong Monetary Authority Working Papers
WP08_11 (Jul 2008)
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Added onto the Research Hub on 07.08.2008

Risk-Premia, Carry-Trade Dynamics, and Speculative Efficiency of Currency Markets

by Christian WagnerAustrian National Bank Working Papers
WP143 (15 May 2008)
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Mr. Wicksell and the global economy: What drives real interest rates?

by Working Paper 139Mr. Wicksell and the global economy: What drives real interest rates?Austrian National Bank Working Papers
WP139 (29 Jan 2008)
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A Note on the Dynamics of Persistence in US Inflation.

by Noriega Antonio E.; Ramos Francia ManuelBank of Mexico Working Papers
2008-12 (2008)

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Divorcing Money from Monetary Policy

by Todd Keister, Antoine Martin, and James McAndrewsNew York Fed Economic policy review
0808keis (Aug 2008)
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Added onto the Research Hub on 05.08.2008

Monetary and Financial Integration in the EMU: Push or Pull?

by SpiegelSan Francisco Fed Working Papers
2008-11 (Jul 2008)

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Financial Globalization and Monetary Policy Discipline

by SpiegelSan Francisco Fed Working Papers
2008-10 (Jul 2008)

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Banking Market Definition: Evidence from the Survey of Consumer Finances

by Dean F. Amel, Arthur B. Kennickell, and Kevin B. MooreFederal Reserve Board FEDS series
2008-35 (Aug 2008)
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Added onto the Research Hub on 04.08.2008

Housing bubbles (765 KB)

by Óscar J. Arce and J. David López-SalidoBank of Spain Working Papers
0815 (Aug 2008)
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How informative are macroeconomic risk forecasts? An examination of the Bank of England's inflation forecasts

by Malte Knüppel, Guido SchultefrankenfeldDeutsche Bundesbank Discussion Papers
200814 (04 Aug 2008)

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Added onto the Research Hub on 02.08.2008

A Macroeconomic Model of the Term Structure of Interest Rates in Mexico.

by Cortés Espada Josué Fernando; Ramos Francia ManuelBank of Mexico Working Papers
2008-10 (2008)

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An Affine Model of the Term Structure of Interest Rates in Mexico

by Cortés Espada Josué Fernando; Ramos Francia ManuelBank of Mexico Working Papers
2008-09 (2008)

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Is Inflation an International Phenomenon?

by Christopher J. Neely, and David E. RapachSt Louis Fed Working Papers
2008-025 (Aug 2008)
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Added onto the Research Hub on 01.08.2008

Does FOMC News Increase Global FX Trading?

by Andreas M. Fischer and Angelo RanaldoSwiss National Bank Working Papers
2008-09 (2008)
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The Colonial and Geographic Origins of Comparative Development

by Raphael AuerSwiss National Bank Working Papers
2008-08 (2008)
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Competition and Relational Contracts: The Role of Unemployment as a Disciplinary Device

by Martin Brown, Armin Falk and Ernst FehrSwiss National Bank Working Papers
2008-07 (2008)
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An investigation on the effect of real exchange rate movements on OECD bilateral exports

by Antoine BerthouEuropean Central Bank Working papers
920 (Jul 2008)

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Added onto the Research Hub on 31.07.2008

A review of nonfundamentalness and identification in structural VAR models

by Lucia AlessiEuropean Central Bank Working papers
922 (Jul 2008)

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Foreign direct investment and environmental taxes

by Roberto A. De Santis and Frank StählerEuropean Central Bank Working papers
921 (Jul 2008)

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Fiscal policy in real time

by Jacopo CimadomoEuropean Central Bank Working papers
919 (Jul 2008)

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Imports and profitability in the euro area manufacturing sector: the role of emerging market economies

by Tuomas A. Peltonen, Martin SkalaEuropean Central Bank Working papers
918 (Jul 2008)

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Optimal reserve composition in the presence of sudden stops: the euro and the dollar as safe haven currencies

by Roland Beck and Ebrahim RahbariEuropean Central Bank Working papers
916 (Jul 2008)

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On the Role of a Stock Market: A Study of France, Germany, and thez Euro Area

by Robert KrainerBank of France Working Papers
Nr 221 (Jul 2008)
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Added onto the Research Hub on 30.07.2008

Political Disagreement, Lack of Commitment and the Level of Debt

by Davide Debortoli and Ricardo NunesFederal Reserve Board International Financial Discussion Papers
2008-938 (Jul 2008)
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Simple Monetary Rules Under Fiscal Dominance

by Michael Kumhof, Ricardo Nunes, and Irina YakadinaFederal Reserve Board International Financial Discussion Papers
2008-937 (Jul 2008)
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An Anatomy of Credit Booms: Evidence From Macro Aggregates and Micro Data

by Enrique G. Mendoza and Marco E. TerronesFederal Reserve Board International Financial Discussion Papers
2008-936 (Jul 2008)
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Does Distance Matter in Banking?

by Kenneth P. Brevoort and John D. WolkenFederal Reserve Board FEDS series
2008-34 (Jul 2008)
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Signal or Noise? Implications of the Term Premiumfor Recession Forecasting

by Joshua V. Rosenberg and Samuel MaurerNew York Fed Economic policy review
0807rose (Jul 2008)
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Poverty in New York City, 1969-99: The Influence of Demographic Change, Income Growth, and Income Inequality

by Mark K. Levitan and Susan S. WielerNew York Fed Economic policy review
0807levi (Jul 2008)
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Why the U.S. Treasury Began Auctioning Treasury Billsin 1929

by Kenneth D. GarbadeNew York Fed Economic policy review
0807garb (Jul 2008)
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Macroeconomic Surprises and the Inflation Compensation Curve in the Euro Area

by Jérôme Coffinet and Sébastien Frappa