Search Results - economics

Wage dynamics, unemployment, and inflation: enhancing 4gm semi-structural model

Ramos-Veloza, Mario A.; Naranjo-Saldarriaga, Sara; … - 2026

Persistent link: https://econbiz.de/10015617555

The redistributive power of business cycle fluctuations

Bielecki, Marcin; Brzoza-Brzezina, Michał; Kolasa, Marcin - 2026

Persistent link: https://econbiz.de/10015618482

Central bank digital currency as a new means of payment : an experimental approach

Magin, Jana; Neyer, Ulrike; Stevens, Alexandra - 2026

Many Central banks around the world are considering the introduction of a Central Bank Digital Currency (CBDC) as a new means of payment. One of the reasons for introducing a CBDC is a change in payment behavior towards an increasing use of electronic forms of payment. This paper examines the...

Persistent link: https://econbiz.de/10015618518

Central banking and sustainability

2026

This text systematically assesses the role of central banks in matters of sustainability, analysing central bank mandates in different parts of the world, studying different functions and instruments of central banks, and engaging in discussions on what can and should guide central banks as they...

Persistent link: https://econbiz.de/10015618670

Oil price shocks and interest rates in major economies

Attílio, Luccas Assis; Mollick, André Varella - 2026

Persistent link: https://econbiz.de/10015654314

Inflation expectations and relevance for monetary policy in India

Kundurthi, Ramgopal; Kalluru, Siva Reddy - 2026

Persistent link: https://econbiz.de/10015654392

Are there long-term consequences to China's deflationary bout? : the case of ASEAN

Eloriaga, Justin; Pamittan, Carlos; San Juan, Vince; … - 2026

Persistent link: https://econbiz.de/10015654434

Household behavior below the zero lower bound

Andersen, Asger Lau; Johannesen, Niels; Petersen, Jens … - 2026

How do households respond when deposit rates drop below zero? Using administrative micro data and exploiting cross-bank variation in interest rate policies, we study a major episode of negative deposit rates in Denmark affecting two thirds of household deposits. We find that households strongly...

Persistent link: https://econbiz.de/10015654675

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Household behavior below the zero lower bound

Andersen, Asger Lau; Johannesen, Niels; Petersen, Jens … - 2026

Book / Working Paper

Innovations and the layering of money and payments

Bindseil, Ulrich - 2026

This paper analyses the role of layering in the architecture of money and payment systems and how recent technological innovations affect it. Layering in payments, whereby payment ledgers are hierarchical to each other, and senior ledgers allow for interoperability between junior ledgers, has...

Persistent link: https://econbiz.de/10015618783

Interpreting the interpreter : can we model post-ECB conference volatility with LLM agents?

Collodel, Umberto - 2026

Central banks cannot observe how markets will interpret their communications before release. We propose a framework in which Large Language Models simulate 30 heterogeneous traders interpreting European Central Bank press conference transcripts, yielding a measure of cross-sectional disagreement...

Persistent link: https://econbiz.de/10015655276