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Central Banking
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Inflation expectations the impact of priming in survey questions
https://d.repec.org/n?u=RePEc:rbz:wpaper:11103&r=&r=cba
Published: May 6, 2026 00:00
Inflation expectations surveys are an essential tool for monetary policy, especially within an inflation-targeting policy framework.
Stress Tests of Euro Area Banks with Skewed Normal Credit Risk Distributions
https://d.repec.org/n?u=RePEc:imf:imfwpa:2026/089&r=&r=cba
Published: May 1, 2026 00:00
This paper describes the 2023 euro area consultation top-down stress test that focused on the resilience of 91 systemically important banks’ capital buffers as of end-2022 to macro baseline and adverse scenarios over the period 2023-25. As a result, the…
The Determinants of Mortgage Denial Using Public Data
https://d.repec.org/n?u=RePEc:fip:fedlwp:103090&r=&r=cba
Published: April 29, 2026 00:00
We analyze over 30 million home purchase mortgage applications from 2018-2024 using publicly available Home Mortgage Disclosure Act (HMDA) data to study the determinants of mortgage denial. We establish three primary findings. First, credit access is…
Developing a risk-based stress testing framework for microfinance banks in Uzbekistan: A SVAR approach
https://d.repec.org/n?u=RePEc:gii:giihei:heidwp12-2026&r=&r=cba
Published: April 21, 2026 00:00
This paper develops a risk-based stress-testing framework for emerging microfinance banks using a structural vector autoregressive (SVAR) approach. The model captures the dynamic transmission of key macroeconomic shocks, including economic activity,…
The Limited Effects of Post-Pandemic U.S. Monetary Policy Tightening: Demand Composition and the Credit Channel
https://d.repec.org/n?u=RePEc:boj:bojwps:wp26e06&r=&r=cba
Published: April 16, 2026 00:00
This paper investigates the reasons behind the resilience of the U.S. economy despite the rapid and significant monetary policy tightening since 2022, focusing on two perspectives: heterogeneity among GDP demand components, and the time-varying nature of…
Solving the Canonical Quarterly Projection Model Using EViews
https://d.repec.org/n?u=RePEc:imf:imftnm:2026/003&r=&r=cba
Published: April 6, 2026 00:00
The Quarterly Projection Model (QPM) is one of the IMF’s standard frameworks for monetary policy analysis and forms a core component of a forward‑looking Forecasting and Policy Analysis System (FPAS). Traditionally, the QPM is solved using simulation tools…
Household Behavior under Macroprudential Borrower-Based Measures
https://d.repec.org/n?u=RePEc:imf:imfwpa:2026/066&r=&r=cba
Published: April 3, 2026 00:00
This paper develops a life cycle model to study household choice under macroprudential borrower-based measures (BBMs). The model is extended to multiple heterogeneous households, allowing to assess both aggregate and distributional effects of BBMs on…