Details about Aaron Nikolai Mehrotra

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Homepage:	https://www.bis.org/author/aaron_mehrotra.htm
Workplace:	Bank for International Settlements (BIS), (more information at EDIRC)

Access statistics for papers by Aaron Nikolai Mehrotra.

Last updated 2023-07-18. Update your information in the RePEc Author Service.

Short-id: pme199

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Working Papers

2025

1. How far can digital innovation improve credit to small firms in emerging market economies?
   BIS Bulletins, Bank for International Settlements

2024

2. Credit and resource allocation in EMEs: taking stock of two decades of falling interest rates
   BIS Bulletins, Bank for International Settlements

2023

3. Fiscal sources of inflation risk in EMDEs: the role of the external channel
   BIS Working Papers, Bank for International Settlements View citations (2)

2022

4. Fiscal deficits and inflation risks: the role of fiscal and monetary policy regimes
   BIS Working Papers, Bank for International Settlements View citations (2)
5. Global exchange rate adjustments: drivers, impacts and policy implications
   BIS Bulletins, Bank for International Settlements

2020

6. Corporate investment and the exchange rate: The financial channel
   BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (3)
   Also in BIS Working Papers, Bank for International Settlements (2020) View citations (15)
   See also Journal Article Corporate investment and the exchange rate: The financial channel, International Finance, Wiley Blackwell (2022) View citations (4) (2022)
7. Inflation at risk from Covid-19
   BIS Bulletins, Bank for International Settlements View citations (2)
8. Inflation at risk in advanced and emerging economies
   BIS Working Papers, Bank for International Settlements View citations (9)
9. SME lending and banking system stability: Some mechanisms at work
   Post-Print, HAL View citations (15)
   See also Journal Article SME lending and banking system stability: Some mechanisms at work, Emerging Markets Review, Elsevier (2020) View citations (9) (2020)

2019

10. Examining macroprudential policy and its macroeconomic effects - some new evidence
    BIS Working Papers, Bank for International Settlements View citations (19)
    See also Journal Article Examining macroprudential policy and its macroeconomic effects – Some new evidence, Journal of International Money and Finance, Elsevier (2022) View citations (11) (2022)
11. Interest Rate Spillovers from the United States: Expectations, Term Premia and Macro-Financial Vulnerabilities
    CESifo Working Paper Series, CESifo View citations (10)
    Also in BIS Working Papers, Bank for International Settlements (2019) View citations (9)
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2019) View citations (1)

2018

12. Deflation expectations
    BIS Working Papers, Bank for International Settlements View citations (7)
13. Residential investment and economic activity: evidence from the past five decades
    BIS Working Papers, Bank for International Settlements View citations (4)
    See also Journal Article Residential Investment and Economic Activity: Evidence from the Past Five Decades, International Journal of Central Banking, International Journal of Central Banking (2020) View citations (6) (2020)

2017

14. Effects of monetary and macro-prudential policies – evidence from inflation targeting economies in the Asia-Pacific region and potential implications for China
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
15. Global slack and open economy Phillips curves – A province-level view from China
    Post-Print, HAL View citations (2)
    See also Journal Article Global slack and open economy Phillips curves – A province-level view from China, China Economic Review, Elsevier (2017) View citations (2) (2017)

2015

16. Managing price and financial stability objectives - what can we learn from the Asia-Pacific region?
    BIS Working Papers, Bank for International Settlements View citations (9)

2014

17. Decaying expectations: what inflation forecasts tell us about the anchoring of inflation expectations
    BIS Working Papers, Bank for International Settlements View citations (46)
    See also Journal Article Decaying Expectations: What Inflation Forecasts Tell Us about the Anchoring of Inflation Expectations, International Journal of Central Banking, International Journal of Central Banking (2018) View citations (39) (2018)
18. Financial inclusion and optimal monetary policy
    BIS Working Papers, Bank for International Settlements View citations (37)
19. Foreign exchange intervention and the banking system balance sheet in emerging market economies
    BIS Working Papers, Bank for International Settlements View citations (20)
20. Trade Linkages and the Globalisation of Inflation in Asia and the Pacific
    CESifo Working Paper Series, CESifo View citations (53)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (51)
    Working Papers, Swiss National Bank, Study Center Gerzensee (2014) View citations (51)
    BIS Working Papers, Bank for International Settlements (2014) View citations (51)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (39)
    Working Papers, Swiss National Bank (2014) View citations (53)
    See also Journal Article Trade linkages and the globalisation of inflation in Asia and the Pacific, Journal of International Money and Finance, Elsevier (2014) View citations (49) (2014)
21. Wage and price dynamics in a large emerging economy: The case of China
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    Also in BIS Working Papers, Bank for International Settlements (2013) View citations (16)

2013

22. On the use of sterilisation bonds in emerging Asia
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    See also Chapter On the use of sterilisation bonds in emerging Asia, BIS Papers chapters, Bank for International Settlements (2012) View citations (10) (2012)

2011

23. Changing economic structures and impacts of shocks: evidence from a DSGE for China
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
24. Comparing China's GDP statistics with coincident indicators
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (1)
    See also Journal Article Comparing China's GDP statistics with coincident indicators, Journal of Comparative Economics, Elsevier (2011) View citations (16) (2011)
25. Financial settlement modes and corruption: evidence from developed nations
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
26. The economic transmission of fiscal policy shocks from Western to Eastern Europe
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    See also Journal Article The Economic Transmission of Fiscal Policy Shocks from Western to Eastern Europe, Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank) (2011) View citations (29) (2011)
27. Tracking Chinese CPI inflation in real time
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    See also Journal Article Tracking Chinese CPI inflation in real time, Empirical Economics, Springer (2015) View citations (3) (2015)
28. WHAT DRIVES URBAN CONSUMPTION IN MAINLAND CHINA? THE ROLE OF PROPERTY PRICE DYNAMICS
    Dundee Discussion Papers in Economics, Economic Studies, University of Dundee View citations (4)
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2011)
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2011) View citations (4)
    Working Papers, Hong Kong Institute for Monetary Research (2011) View citations (4)
    See also Journal Article What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics, Pacific Economic Review, Wiley Blackwell (2017) View citations (1) (2017)

2010

29. China's monetary policy and the exchange rate
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2010) View citations (5)
    See also Journal Article China's Monetary Policy and the Exchange Rate, Comparative Economic Studies, Palgrave Macmillan (2010) View citations (3) (2010)
30. Wealth effects and Russian money demand
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (3)

2009

31. Assessing McCallum and Taylor rules in a cross-section of emerging market economies
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    See also Journal Article Assessing McCallum and Taylor rules in a cross-section of emerging market economies, Journal of International Financial Markets, Institutions and Money, Elsevier (2011) View citations (23) (2011)
32. Evaluating inflation determinants with a money supply rule in four Central and Eastern European EU member states
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (1)
    See also Journal Article Evaluating Inflation Determinants with a Money Supply Rule in Four Central and Eastern European EU Member States, Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank) (2009) View citations (3) (2009)
33. Real exchange rate, output and oil: case of four large energy producers
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (2)

2008

34. Business surveys and inflation forecasting in China
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (2)
    See also Journal Article Business surveys and inflation forecasting in China, Economic Change and Restructuring, Springer (2009) View citations (1) (2009)
35. Forecasting inflation in China
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (9)
    See also Journal Article Forecasting inflation in China, China Economic Journal, Taylor & Francis Journals (2008) View citations (2) (2008)
36. McCallum rule and Chinese monetary policy
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
37. The impact of Chinese monetary policy shocks on East Asia
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)

2007

38. A note on the national contributions to the euro area M3
    Bank of Finland Research Discussion Papers, Bank of Finland View citations (1)
39. Do sentiment indicators help to assess and predict actual developments of the Chinese economy?
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    See also Journal Article Do sentiment indicators help to assess and predict actual developments of the Chinese economy?, Journal of Chinese Economic and Business Studies, Taylor & Francis Journals (2008) View citations (7) (2008)
40. Modelling inflation in China - a regional perspective
    Working Paper Series, European Central Bank View citations (4)
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2007) View citations (3)
    See also Journal Article Modelling inflation in China--A regional perspective, China Economic Review, Elsevier (2010) View citations (12) (2010)
41. Money demand in post-crisis Russia: De-dollarisation and re-monetisation
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    See also Journal Article Money Demand in Post-Crisis Russia: Dedollarization and Remonetization, Emerging Markets Finance and Trade, Taylor & Francis Journals (2010) View citations (20) (2010)

2006

42. Demand for money in transition: evidence from China's disinflation
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (1)
    See also Journal Article Demand for Money in Transition: Evidence from China’s Disinflation, International Advances in Economic Research, Springer (2008) View citations (11) (2008)

2005

43. EVOLUTION AND DETERMINANTS OF PUBLIC INVESTMENT IN EUROPE
    Economic and Financial Reports, European Investment Bank, Economics Department View citations (27)
44. Exchange and interest rate channels during a deflationary era: evidence from Japan, Hong Kong and China
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT)
    See also Journal Article Exchange and interest rate channels during a deflationary era--Evidence from Japan, Hong Kong and China, Journal of Comparative Economics, Elsevier (2007) View citations (43) (2007)
45. Roads on a downhill? Trends in EU infrastructure investment
    EIB Papers, European Investment Bank, Economics Department View citations (15)
46. Socio-economic development and fiscal policy: lessons from the cohesion countries for the new member states
    Working Paper Series, European Central Bank View citations (6)

2004

47. Could Japan Target the Price Level or Inflation - What Happens to Monetary Policy Effectiveness during Disinflation?
    Economics Working Papers, European University Institute

Journal Articles

2024

1. Inflation at risk in advanced and emerging market economies
   Journal of International Money and Finance, 2024, 142, (C) View citations (4)

2023

2. Macroprudential policy and interest rate spillovers
   Applied Economics Letters, 2023, 30, (1), 61-65
3. Unanticipated and Backward-Looking: Deflations and the Behavior of Inflation Expectations
   International Journal of Central Banking, 2023, 19, (4), 41-83

2022

4. Corporate investment and the exchange rate: The financial channel
   International Finance, 2022, 25, (3), 296-312 View citations (4)
   See also Working Paper Corporate investment and the exchange rate: The financial channel, BOFIT Discussion Papers (2020) View citations (3) (2020)
5. Examining macroprudential policy and its macroeconomic effects – Some new evidence
   Journal of International Money and Finance, 2022, 128, (C) View citations (11)
   See also Working Paper Examining macroprudential policy and its macroeconomic effects - some new evidence, BIS Working Papers (2019) View citations (19) (2019)

2021

6. Disagreeing during Deflations
   Journal of Money, Credit and Banking, 2021, 53, (7), 1867-1885 View citations (1)

2020

7. Residential Investment and Economic Activity: Evidence from the Past Five Decades
   International Journal of Central Banking, 2020, 16, (6), 287-329 View citations (6)
   See also Working Paper Residential investment and economic activity: evidence from the past five decades, BIS Working Papers (2018) View citations (4) (2018)
8. SME lending and banking system stability: Some mechanisms at work
   Emerging Markets Review, 2020, 43, (C) View citations (9)
   See also Working Paper SME lending and banking system stability: Some mechanisms at work, Post-Print (2020) View citations (15) (2020)

2019

9. Macroprudential policy in Asia
   Journal of Asian Economics, 2019, 65, (C) View citations (8)

2018

10. Are inflation targets credible? A novel test
    Economics Letters, 2018, 167, (C), 67-70 View citations (4)
11. Decaying Expectations: What Inflation Forecasts Tell Us about the Anchoring of Inflation Expectations
    International Journal of Central Banking, 2018, 14, (5), 55-101 View citations (39)
    See also Working Paper Decaying expectations: what inflation forecasts tell us about the anchoring of inflation expectations, BIS Working Papers (2014) View citations (46) (2014)
12. Effects of Monetary and Macroprudential Policies—Evidence from Four Inflation Targeting Economies
    Journal of Money, Credit and Banking, 2018, 50, (5), 967-992 View citations (57)

2017

13. Global slack and open economy Phillips curves – A province-level view from China
    China Economic Review, 2017, 42, (C), 74-87 View citations (2)
    See also Working Paper Global slack and open economy Phillips curves – A province-level view from China, Post-Print (2017) View citations (2) (2017)
14. Managing price and financial stability objectives in inflation targeting economies in Asia and the Pacific
    Journal of Financial Stability, 2017, 29, (C), 106-116 View citations (31)
15. What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics
    Pacific Economic Review, 2017, 22, (3), 383-409 View citations (1)
    See also Working Paper WHAT DRIVES URBAN CONSUMPTION IN MAINLAND CHINA? THE ROLE OF PROPERTY PRICE DYNAMICS, Dundee Discussion Papers in Economics (2011) View citations (4) (2011)

2016

16. Wage and Price Dynamics in China
    The World Economy, 2016, 39, (8), 1109-1127 View citations (3)

2015

17. Financial inclusion - issues for central banks
    BIS Quarterly Review, 2015 View citations (78)
18. Tracking Chinese CPI inflation in real time
    Empirical Economics, 2015, 48, (4), 1619-1641 View citations (3)
    See also Working Paper Tracking Chinese CPI inflation in real time, BOFIT Discussion Papers (2011) (2011)

2014

19. Trade linkages and the globalisation of inflation in Asia and the Pacific
    Journal of International Money and Finance, 2014, 49, (PA), 129-151 View citations (49)
    See also Working Paper Trade Linkages and the Globalisation of Inflation in Asia and the Pacific, CESifo Working Paper Series (2014) View citations (53) (2014)

2013

20. Changing Economic Structures and Impacts of Shocks: Evidence from a Dynamic Stochastic General Equilibrium Model for C hina
    Pacific Economic Review, 2013, 18, (1), 92-107 View citations (11)

2012

21. Financial payment instruments and corruption
    Applied Financial Economics, 2012, 22, (11), 877-886 View citations (9)

2011

22. Assessing McCallum and Taylor rules in a cross-section of emerging market economies
    Journal of International Financial Markets, Institutions and Money, 2011, 21, (2), 207-228 View citations (23)
    See also Working Paper Assessing McCallum and Taylor rules in a cross-section of emerging market economies, BOFIT Discussion Papers (2009) (2009)
23. Comparing China's GDP statistics with coincident indicators
    Journal of Comparative Economics, 2011, 39, (3), 406-411 View citations (16)
    See also Working Paper Comparing China's GDP statistics with coincident indicators, BOFIT Discussion Papers (2011) View citations (1) (2011)
24. The Economic Transmission of Fiscal Policy Shocks from Western to Eastern Europe
    Focus on European Economic Integration, 2011, (2), 44-68 View citations (29)
    See also Working Paper The economic transmission of fiscal policy shocks from Western to Eastern Europe, BOFIT Discussion Papers (2011) (2011)

2010

25. China's Monetary Policy and the Exchange Rate
    Comparative Economic Studies, 2010, 52, (4), 497-514 View citations (3)
    See also Working Paper China's monetary policy and the exchange rate, BOFIT Discussion Papers (2010) (2010)
26. Introduction to the Symposium on China's Exchange Rate
    Comparative Economic Studies, 2010, 52, (4), 495-496
27. Modelling inflation in China--A regional perspective
    China Economic Review, 2010, 21, (2), 237-255 View citations (12)
    See also Working Paper Modelling inflation in China - a regional perspective, Working Paper Series (2007) View citations (4) (2007)
28. Money Demand in Post-Crisis Russia: Dedollarization and Remonetization
    Emerging Markets Finance and Trade, 2010, 46, (2), 5-19 View citations (20)
    See also Working Paper Money demand in post-crisis Russia: De-dollarisation and re-monetisation, BOFIT Discussion Papers (2007) (2007)

2009

29. An analysis of Chinese money and prices using a McCallum-type rule
    Journal of Chinese Economic and Business Studies, 2009, 7, (2), 219-235 View citations (11)
30. Business surveys and inflation forecasting in China
    Economic Change and Restructuring, 2009, 42, (4), 263-271 View citations (1)
    See also Working Paper Business surveys and inflation forecasting in China, BOFIT Discussion Papers (2008) View citations (2) (2008)
31. Evaluating Inflation Determinants with a Money Supply Rule in Four Central and Eastern European EU Member States
    Focus on European Economic Integration, 2009, (3), 6-21 View citations (3)
    See also Working Paper Evaluating inflation determinants with a money supply rule in four Central and Eastern European EU member states, BOFIT Discussion Papers (2009) View citations (1) (2009)
32. The case for price level or inflation targeting--What happened to monetary policy effectiveness during the Japanese disinflation?
    Japan and the World Economy, 2009, 21, (3), 280-291 View citations (4)
33. The impact of Chinese monetary policy shocks on East and South‐East Asia1
    The Economics of Transition, 2009, 17, (1), 121-145 View citations (33)

2008

34. Demand for Money in Transition: Evidence from China’s Disinflation
    International Advances in Economic Research, 2008, 14, (1), 36-47 View citations (11)
    See also Working Paper Demand for money in transition: evidence from China's disinflation, BOFIT Discussion Papers (2006) View citations (1) (2006)
35. Do sentiment indicators help to assess and predict actual developments of the Chinese economy?
    Journal of Chinese Economic and Business Studies, 2008, 6, (3), 225-239 View citations (7)
    See also Working Paper Do sentiment indicators help to assess and predict actual developments of the Chinese economy?, BOFIT Discussion Papers (2007) (2007)
36. Forecasting inflation in China
    China Economic Journal, 2008, 1, (3), 317-322 View citations (2)
    See also Working Paper Forecasting inflation in China, BOFIT Discussion Papers (2008) View citations (9) (2008)

2007

37. Exchange and interest rate channels during a deflationary era--Evidence from Japan, Hong Kong and China
    Journal of Comparative Economics, 2007, 35, (1), 188-210 View citations (43)
    See also Working Paper Exchange and interest rate channels during a deflationary era: evidence from Japan, Hong Kong and China, BOFIT Discussion Papers (2005) (2005)

2006

38. Public Investment in Europe: Evolution and Determinants in perspective
    Fiscal Studies, 2006, 27, (4), 443-471 View citations (46)

Books

2024

1. Keeping the momentum:how finance can continue to support growth in EMEs
   BIS Papers, Bank for International Settlements
   See also Chapter Keeping the momentum: how finance can continue to support growth in EMEs, BIS Papers chapters, Bank for International Settlements (2024) (2024)

2022

2. The monetary-fiscal policy nexus in the wake of the pandemic
   BIS Papers, Bank for International Settlements View citations (2)
   See also Chapter The monetary-fiscal policy nexus in the wake of the pandemic, BIS Papers chapters, Bank for International Settlements (2022) View citations (2) (2022)

2006

3. Essays on empirical macroeconomics, vol E:34
   Bank of Finland Scientific Monographs, Bank of Finland

Chapters

2024

1. Keeping the momentum: how finance can continue to support growth in EMEs
   A chapter in Keeping the momentum: how finance can continue to support growth in EMEs, 2024, vol. 148, pp 1-39
   See also Book Keeping the momentum:how finance can continue to support growth in EMEs, Bank for International Settlements (2024) (2024)

2022

2. The monetary-fiscal policy nexus in the wake of the pandemic
   A chapter in The monetary-fiscal policy nexus in the wake of the pandemic, 2022, vol. 122, pp 1-25 View citations (2)
   See also Book The monetary-fiscal policy nexus in the wake of the pandemic, Bank for International Settlements (2022) View citations (2) (2022)

2020

3. Financial market development and monetary policy
   A chapter in Financial market development, monetary policy and financial stability in emerging market economies, 2020, vol. 113, pp 1-18 View citations (1)

2016

4. Financial Inclusion and Monetary Policy in Emerging Asia
   Palgrave Macmillan View citations (6)
5. Maintaining price and financial stability by monetary and macroprudential policy - evidence from Asia and the Pacific
   A chapter in Expanding the boundaries of monetary policy in Asia and the Pacific, 2016, vol. 88, pp 17-28 View citations (1)

2014

6. Foreword
   A chapter in Globalisation, inflation and monetary policy in Asia and the Pacific, 2014, vol. 77, pp iii
7. How anchored are inflation expectations in Asia? Evidence from surveys of professional forecasters
   A chapter in Globalisation, inflation and monetary policy in Asia and the Pacific, 2014, vol. 77, pp 181-191 View citations (4)
8. Real globalisation and price spillovers in Asia and the Pacific
   A chapter in Globalisation, inflation and monetary policy in Asia and the Pacific, 2014, vol. 77, pp 81-89

2013

9. The exchange rate, real economy and financial markets
   A chapter in Sovereign risk: a world without risk-free assets?, 2013, vol. 73, pp 11-23 View citations (2)

2012

10. Developments of domestic government bond markets in EMEs and their implications
    A chapter in Fiscal policy, public debt and monetary policy in emerging market economies, 2012, vol. 67, pp 31-50 View citations (19)
11. On the use of sterilisation bonds in emerging Asia
    A chapter in Are central bank balance sheets in Asia too large?, 2012, vol. 66, pp 111-131 View citations (10)
    See also Working Paper On the use of sterilisation bonds in emerging Asia, Bank of Finland Institute for Emerging Economies (BOFIT) (2013) (2013)