Banco Central De Colombia:
NEW: No. 832 “The Efficiency of the Informal Sector on the Search and Matching Framework,” by Luz Adriana Florez.
No. 831 “The Search and Matching Equilibrium in an Economy with an Informal Sector: A Positive Analysis of Labor Market Policies,” by Luz Adriana Florez.
No. 830 “Transition to Centralized Unit Commitment: An Econometric Analysis of Colombia’s Experience,” by Luciano de Castro, Shmuel Oren, Alvaro Riascos, and Miguel Bernal.
No. 829 “R&D Investment and Financial Frictions,” by Oscar M. Valencia.
No. 827 “Echoes of the Crises in Spain and US in the Colombian Labor Market: A Differences-In-Differences Approach,” by Luis Eduardo Arango, Dolores de la Mata, and Nataly Obando.
No. 826 “A Composite Indicator of Systemic Stress (CISS) for Colombia,” by Wilmar Cabrera, Jorge Hurtado, Miguel Morales, and Juan Sebastian Rojas.
Banco De Espana:
NEW: 1416 “A toolkit to strengthen government budget surveillance,” by Diego J. Pedregal, Javier J. Perez and A. Jesus Sanchez-Fuentes.
1415 “Household debt and uncertainty: private consumption after the Great Recession,” by Angel Estrada, Daniel Garrote, Eva Valdeolivas and Javier Valles.
1414 “Banking crises and sovereign defaults in emerging markets: exploring the links,” by Irina Balteanu and Aitor Erce.
1412 “When does cash matter? Evidence for private firms,” by Paul Ehling and David Haushalter.
1411 “Consumption in the shadow of unemployment,” by Rodolfo G. Campos and Iliana Reggio.
Banco de Mexico:
NEW: 2014-14 “Railroads and Economic Growth: A Trade Policy Approach,” by Fernando Perez-Cervantes.
2014-12 “The Effects of a Non-Contributory Pension Program on Labor Force Participation: The Case of 70 y Más in Mexico,” by Laura Juarez González and Tobias Pfutze.
De Nederlandsche Bank:
NEW: 431 “When arm’s length is too far. Relationship banking over the business cycle,” by Thorsten Beck, Hans Degryse, Ralph de Haas and Neeltje van Horen.
430 “Franchise value and risk-taking in modern banks,” by Natalya Martynova, Lev Ratnovski and Razvan Vlahu.
428 “Household saving behaviour and credit constraints in the Euro area,” by Julia Le Blanc, Alessandro Porpiglia, Federica Teppa, Junyi Zhu and Michael Ziegelmeyer.
427 “International spillovers from US forward guidance to equity markets,” by Richhild Moessner.
NEW: 13/2014 “Consumer cash usage: a cross-country comparison with payment diary survey data,” by John Bagnall, David Bounie, Kim P. Huynh, Anneke Kosse, Tobias Schmidt, Scott Schuh, and Helmut Stix.
12/2014 “How do households allocate their assets? - Stylized facts from the Eurosystem Household Finance and Consumption Survey,” by Luc Arrondel, Laura Bartiloro, Primin Fessler, Peter Lindner, Thomas Y. Mathä, Cristiana Rampazzi, Frederique Savignac, Tobias Schmidt, Martin Schurz, and Philip Vermeulen.
11/2014 “Analyzing business and financial cycles using multi-level factor models,” by Jorg Breitung and Sandra Eickmeier.
10/2014 “A consistent set of multilateral productivity approach-based indicators of price competitiveness,” by Christoph Fischer and Oliver Hossfeld.
09/2014 “Market transparency and the marking precision of bond mutual fund managers,” by Gjergji Cici, Scott Gibson, Yalin Gunduz, and John J. Merrick, Jr.
Narodowy Bank Polski/National Bank of Poland: The National Bank of Poland has recently released the following working paper:
NEW: No. 181 “Estimating the risk of joint defaults: an application to central bank collateralized lending operations,” by Dariusz Gatarek and Juliusz Jablecki.
Oesterreichische Nationalbank/National Bank of Austria:
NEW: 194 “Do Banks Lend Less in Uncertain Times?” by Burkhard Raunig, Johann Scharler and Friedrich Sindermann.
193 “Made in China” - How Does it Affect Measures of Competitiveness?” by Konstantins Benkovskis and Julia Worz.
192 “Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data,” by John Bagnall, David Bounie, Kim P. Huynh, Anneke Kosse, Tobias Schmidt, Scott Schuh, and Helmut Stix.
191 “Systemic Sovereign Risk: Macroeconomic Implications in the Euro Area,” by Saleem A. Bahaj.
Reserve Bank of Australia:
NEW: RDP2014-06 “Is Housing Overvalued?” by Ryan Fox and Peter Tulip.