Forthcoming papers

  1. Details Matter: Loan Pricing and Transmission of Monetary Policy in the Euro Area

    Karlis Vilerts, Sofia Anyfantaki, Konstantıns Benkovskis, Sebastian Bredl, Massimo Giovannini, Florian Matthias Horky, Vanessa Kunzmann, Tibor Lalinsky, Athanasios Lampousis, Elizaveta Lukmanova, Filippos Petroulakis, Klavs Zutis

  2. Household Borrowing and Monetary Policy Transmission: Post-Pandemic Insights from Nine European Credit Registers

    Olivier de Jonghe et al.

  3. Has the Transmission of US Monetary Policy Changed Since 2022?

    Philip Barrett, Josef Platzer

  4. Capital Requirements in Light of Monetary Tightening

    Aurélien Espic, Lisa Kerdelhué, Julien Matheron

  5. Rightsizing Bank Capital: the Role of Macro-Financial Structure

    Michael Wosser

  6. Re-assessing international effects of U.S. monetary policy shocks

    Elizaveta Lukmanova, Katrin Rabitsch

  7. The housing supply channel of monetary policy

    Bruno Albuquerque, Martin Iseringhausen, Frederic Opitz

  8. The Reliability of the Nominal GDP Expectations Gap

    Andrew B. Martinez, Alexander D. Schibuola, David Beckworth

  9. Carbon pricing and inflation volatility

    Daniel Santabárbara, Marta Suárez-Varela

  10. Asymmetric shocks and monetary policy in the euro area for the euro area

    Davor Kunovac, Diego Rodriguez Palenzuela, Yiqiao Sun

  11. Inflation Risk and the Labor Market: Beneath the Surface of a Flat Phillips Curve

    Sirio Aramonte

  12. Monetary Policy Shocks and the Employment of Young, Middle-Aged, and Old Workers

    Fumitaka Nakamura, Nao Sudo, Yu Sugisaki

  13. Monetary Policy Below Zero: An Empirical Investigation of the Reversal Rate

    Zuzana Fungacova

  14. Modernizing central banks' large semi-structural projection models: the role of model-consistent expectations

    Stéphane Adjemian, Nikola Bokan, Matthieu Darracq Pariès, Georg Müller, Srečko Zimic

  15. QE: Implications for Bank Risk-Taking, Profitability and Systemic Risk

    Supriya Kapoor, Adnan Velic

  16. Financial Stability Implications of CBDC

    Francesca Carapella, Jin-Wook Chang, Sebastian Infante, Melissa Leistra, Arazi Lubis, Alexandros P. Vardoulakis

  17. (When) do banks react to anticipated capital reliefs?

    Guillaume Arnould, Benjamin Guin, Steven Ongena, Paolo Siciliani

  18. Understanding the Joint Dynamics of Inflation and Wage Growth in the Euro Area

    Vahagn Galstyan

  19. What drives euro area financial markets? The role of US spillovers and global risk

    Arthur Saint Guilhem, Lennart Brandt, Maximilian Schröder, Ine Van Robays

  20. Monetary Policy Strategies to Navigate Post-Pandemic Inflation: An Assessment Using the ECB’s New Area-Wide Model

    Matthieu Darracq Paries, Antoine Kornprobst, Romanos Priftis

  21. ECB Euro Liquidity Lines

    Silvia Albrizio, Iván Kataryniuk, Luis Molina, Jan Schaefer

  22. A business conditions real-time measure of output gap deviations

    Alex Ilek, Yuval Mazar

  23. 'El Niño' and 'La Niña': revisiting the impact on food commodity prices and euro area consumer prices

    Fructuoso Borrallo, Lucía Cuadro-Sáez, Corinna Ghirelli, Javier J. Pérez

  24. Too low for too long. Could Extended Periods of Ultra Easy Monetary Policy Have Harmful Effects

    Etibar Jafarov, Enrico Minnella

  25. How Does the Attitude of ETF Investors Affect the Volatility of the Underlying Assets? The Case of the Bank of Japan

    Leonardo Cadamuro

  26. Quantifying Federal Reserve Credibility

    Stephen G. Hall, George Tavlas

  27. The effect of the European Central Bank’s asset purchase programmes on Spain’s public finances

    Pablo Aguilar, Mario Alloza, James Costain, Samuel Hurtado, Jaime Martinez-Martin

  28. Why net worth is the wrong concept for explaining consumption: evidence from Italy

    Riccardo De Bonis, Danilo Liberati, John Muellbauer, Concetta Rondinelli

  29. What do household scanner data tell us about inflation heterogeneity?

    Teresa Messner, Fabio Rumler

  30. Inflation in Ethiopia

    Pablo Neumeyer, Martin Gonzalez Rozada, Can Soylu

  31. Does it matter if the Fed goes conventional or unconventional?

    Marcin Kolasa, Grzegorz Wesołowski

  32. Forecasting Dutch inflation using machine learning methods

    Robert-Paul Berben, Rajni N. Rasiawan, Jasper M. de Winter

  33. Using the Press to Construct a New Indicator of Inflation Perceptions in France

    Olivier de Bandt, Jean-Charles Bricongne, Julien Denes, Alexandre Dhenin, Marwan Menaa, Annabelle de Gaye

  34. Tangible Quantitative Easing

    Jeffrey Campbell

  35. Investment funds, risk-taking, and monetary policy in the euro area

    Margherita Giuzio, Christoph Kaufmann, Ellen Ryan, Lorenzo Cappiello

  36. Quantifying Systemic Risk in the Presence of Unlisted Banks: Application to the European Banking Sector

    Daniel Dimitrov, Sweder van Wijnbergen