The Economics of Central Bank Digital Currency
Toni Ahnert, Katrin Assenmacher, Peter Hoffmann, Agnese Leonello, Cyril Monnet, and Davide Porcellacchia
Real-Time Forecasting with a (Standard) Mixed-Frequency VAR During a Pandemic
Frank Schorfheide and Dongho Song
Model Risk at Central Counterparties: Is Skin in the Game a Game Changer?
Wenqian Huang and Előd Takáts
Government Debt and Expectations-Driven Liquidity Traps
Charles de Beauffort
A Medium-Scale DSGE Model for the Integrated Policy Framework
Tobias Adrian, Vitor Gaspar, and Francis Vitek
Sterilized Interventions May Not Be So Sterilized
Shalva Mkhatrishvili, Giorgi Tsutskiridze, and Lasha Arevadze
Still "Too Much, Too Late": Provisioning for Expected Loan Losses
Roman Goncharenko and Asad Rauf
Identifying Quantitative and Qualitative Monetary Policy Shocks
Kiyotaka Nakashima, Masahiko Shibamoto, and Koji Takahashi
Order Matters: An Experimental Study on How Question Ordering Affects Survey-Based Inflation Forecasts
Maxime Phillot and Rina Rosenblatt-Wisch
Cash in the Pocket, Cash in the Cloud: Cash Holdings of Bitcoin Owners
Daniela Balutel, Christopher S. Henry, Kim P. Huynh, and Marcel C. Voia
The Usability of Bank Capital Buffers and Credit Supply Shocks at SMEs during the Pandemic
Jose M. Berrospide, Arun Gupta, and Matthew P. Seay
Bank Risk-Taking and Impaired Monetary Policy Transmission
Philipp J. Koenig and Eva Schliephake
Switching from Cash to Cashless Payments during the COVID-19 Pandemic and Beyond
Tomasz Piotr Wisniewski, Michal Polasik, Radoslaw Kotkowski, and Andrea Moro
Bank Rollover Risk and Liquidity Supply Regimes
Eric Jondeau, Benoit Mojon, and Jean-Guillaume Sahuc
Disinflations and Income Distribution
Laura Acevedo and Marc Hofstetter
Financial Stability Governance and Central Bank Communications
Juan M. Londono, Stijn Claessens, and Ricardo Correa